Denali Conversion Price

Denali Conversion Price. 80% of the fair market value of one share of Denali Common Stock on the date of the Company's receipt of the notice from the Investor specified Section 4(b) of this Note, as determined in good faith by the board of directors of Denali (the "Denali Board") based on the then most current periodic valuation of the shares of Denali Common Stock by Denali's independent valuation firm (or, in the sole discretion of the Denali Board, upon any new valuation by such independent valuation firm as shall... be requested by the Denali Board), in any case as adjusted by the Denali Board for changes to the fair market value from the date of such valuation to the date of conversion View More