Alternative Conversion Price

Alternative Conversion Price. Means the volume weighted average price of the Common Stock for the ten (10) full trading days ending on the second (2nd) Business Day before the date of conversion, which price shall be adjusted for any stock split (reverse or forward), stock dividend, combination, or other recapitalization or reclassification of the Common Stock effected during such ten (10) full trading day period.

Alternative Conversion Price. Means US $0.60 (sixty cents US), which price shall be adjusted for any stock split (reverse or forward), stock dividend, combination, or other recapitalization or reclassification of the Common Stock effected after the date hereof but prior to the repayment or conversion of the Note in accordance with the terms hereof; provided, that if Payee reasonably believes that the fair market value per share of the Common Stock as of the applicable date of determination is less than US $0.60 (sixty cents... US), then Payee shall have the right to require a Fair Valuation of the Company's Common Stock and the price resulting from such Fair Valuation shall be the "Alternative Conversion Price". View More