Applicable Option Shares

Applicable Option Shares. As of the time of the closing (or, if there are multiple closings, any closing) in connection with the Special Financing, the sum of (i) the shares of Common Stock issued, or subject to issuance (regardless of whether vested or unvested), upon the exercise of the stock option exercisable for up to 177,209 shares of Common Stock (subject to adjustment as provided therein and upon any stock splits, stock dividends issued, reverse stock splits and other similar events) pursuant to, and in... accordance with, the terms of that certain Non-Statutory Stock Option Agreement, dated of even date herewith, between the Company and the Optionee and (ii) the shares of Common Stock issued, or subject to issuance (regardless of whether vested or unvested), upon the exercise of the stock option evidenced by this Agreement (such shares of Common Stock being subject to (x) adjustment upon any stock splits, stock dividends issued, reverse stock splits and other similar events, (y) all adjustments, if any, made at or prior to such time pursuant to Section 4.1 and (z) subject to all adjustments, if any, made prior to such time pursuant to Section 4.2 (but without giving effect to any adjustment at such time pursuant to Section 4.2)) View More