Diluted Price Percentage

Diluted Price Percentage. Means, with respect to any issuance of Newly Issued Shares issued in reliance on Section 8(i), the Diluted Price Percentage computed in accordance with the following formula: (( O + (C / FMV)) x PP ) ---------------- DPP = PP - (( O + N )) --------------------- PP where, C ... = aggregate consideration received by the Company for the Newly Issued Shares N = number of Newly Issued Shares O = number of shares of Common Stock outstanding (calculated on a fully-diluted basis assuming the conversion of all options, warrants, purchase rights or convertible securities which are exercisable at the time of the issuance of the Newly Issued Shares) immediately prior to the issuance of the Newly Issued Shares FMV = Current Fair Market Value of the Common -4- Stock at the time of issuance of the Newly Issued Shares PP = Purchase Price immediately prior to the issuance of the Newly Issued Shares DPP = Diluted Price Percentage for such issuance of Newly Issued Shares View More