Conversion Price

Conversion Price. Means the lesser of (i) $0.02, as adjusted for any stock split, stock dividend, stock combination or other similar transaction, (ii) the Closing Sale Price, or (iii) the arithmetic average of the lowest Closing Sale Prices of MJMD Common Stock during the five (5) Trading Day period immediately preceding the date of such determination.

Conversion Price. In the case of a Qualified Financing, the lesser of (i) an amount equal to the lowest per-share selling price of Equity Securities sold by the Company in the Qualified Financing for cash, and (ii) quotient obtained by dividing (A) ______________ by (B) the total number of Common Stock Equivalents immediately prior to the closing of the Qualified Financing and conversion of this Note as provided below.

Conversion Price. Shall initially mean $22.46 and thereafter shall be subject to adjustment from time to time pursuant to the terms of Section 5 below. 2

Conversion Price. Shall mean $2.05 per share (subject to adjustment in the event of any stock dividend, stock split, stock distribution or combination or similar event with respect to such stock after the date of this Note).

Conversion Price. Shall mean (A) as of any Conversion Date or other date of determination (other than with respect to an Installment Amount on an Installment Date pursuant to a Company Conversion (as defined in Section 24 (a)), the Fixed Conversion Price, and (B) with respect to any Installment Amount on an Installment Date pursuant to a Company Conversion, at the option of the Holder, either the Fixed Conversion Price or the Company Conversion Price (as defined in Section 24(d)), each in ... effect as of such date and subject to adjustment as provided herein. View More

Conversion Price. Means an amount initially equal to $2.80, subject to adjustments pursuant to Section 6(c) and Section 8.

Conversion Price. Shall mean the lowest "Applicable Conversion Price" determined for each Note issued under the Note Purchase Agreement. The "Applicable Conversion Price" for each Note issued under the Note Purchase Agreement shall be calculated by multiplying 120% by the lowest of (i) the average of the high and low prices of the Common Stock on the OTC Bulletin Board averaged over the five (5) trading days prior to the Closing Date of the issuance of such Note, (ii) if the Common Stock is not traded on the... Over-The-Counter market, the closing price of the Common Stock reported on the Nasdaq National Market or the principal exchange on which the Common Stock is listed, averaged over the five (5) trading days prior to the Closing Date of the issuance of such Note, or (iii) the closing price of the Common Stock on the OTC Bulletin Board, the Nasdaq National Market or the principal exchange on which the Common Stock is listed, as applicable, on the trading day immediately preceding the date such Note is converted (in each case as adjusted for stock splits, dividends or combinations, recapitalizations or similar events). View More

Conversion Price. The term "Conversion Price," at any time of ---------------- determination, shall mean the conversion price set forth in subparagraph 5(d).

Conversion Price. The term "Conversion Price" shall, for the period commencing on June 30, 2001 and extending until the date that is twenty-four months after the Initial Issue Date (the "Initial Conversion Price Period"), mean the lesser of (i) $3.00 or (ii) one hundred and fifty percent (150%) of the average of the Quoted Price of the Class A Common Stock for the final ten (10) Trading Days (defined below) immediately preceding June 30, 2001 (the "Initial Conversion Price"), and thereafter shall be reset at the... lower of (i) the Initial Conversion Price, or (ii) eighty percent (80%) of the average of the Quoted Price of the Class A Common Stock for the final thirty (30) Trading Days of the Initial Conversion Price Period (the "Reset Conversion Price"); provided, however, that in no event shall the Conversion Price of the Series A Preferred Stock be less than the Quoted Price of the Class A Common Stock on the last trading day prior to the Initial Issue Date, subject to adjustment as provided in paragraph 4 below. View More

Conversion Price. $0.75 per share or, in case an adjustment of such conversion price has taken place pursuant to the provisions of Section 6, then the conversion price as last adjusted and in effect at the date any share or shares of Series B Preferred Stock are surrendered for conversion.