Adjusted Price

Adjusted Price. Means the product of (x) the Exercise Price in effect -------------- immediately prior to such issuance or sale or grant multiplied by (y) the quotient determined by dividing (1) the sum of (I) the product of (A) the Exercise Price in effect immediately before the issuance or sale or grant multiplied by (B) the number of shares of Common Stock Deemed Outstanding (as defined below) immediately prior to such issuance or sale or grant, plus (II) the consideration, if any, received by the... Company upon such issue or sale, by (2) the product of (I) the Exercise Price in effect immediately before the issuance or sale or grant, multiplied by (II) number of shares of Common Stock Deemed Outstanding (as defined below) immediately after such issue or sale or grant. View More

Adjusted Price. 1.3(b)(iii)