Borrowing Date Conversion Price

Borrowing Date Conversion Price. With respect to a particular Tranche of the Loan (other than Tranche 1), the VWAP of the Common Stock for each day in the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the date of the Borrowing Notice for such Tranche (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions)