Eligible Stockholder

Eligible Stockholder. Each Stockholder entitled to receive the Settlement Consideration in accordance with the terms and subject to the conditions contained in the Agreement, excluding for purposes of clarity any Ineligible Stockholders.

Eligible Stockholder. Means, as of the relevant time of reference, any Stockholder, together with such Stockholder's Prospective Transferees (as defined in the ROFR Agreement) who are also Stockholders, who holds at least 1,681,277 shares of Preferred Stock and/or Common Stock (as adjusted for any stock split, stock dividend, combination, or other recapitalization or reclassification effected after the date hereof).

Eligible Stockholder. Any Person owning or having the right to acquire five percent (5%) or more of the Registrable Securities.