Equity Percentage

Equity Percentage. Means six percent (6%) of Company's fully-diluted capitalization, assuming the exercise or conversion of all exercisable or convertible securities and including any shares reserved under any equity incentive plan or similar arrangement.

Equity Percentage. As to any Preferred Stockholder, that percentage figure that expresses the ratio that (a) the number of shares of issued and outstanding Common Stock then owned by such Preferred Stockholder bears to (b) the aggregate number of shares of issued and outstanding Common Stock then owned by all Stockholders. For purposes solely of the computation set forth in clauses (a) and (b) above and Section 2(c) hereof, all (i) issued and outstanding securities, (ii) options to purchase same granted by the... Corporation or (iii) outstanding warrants to purchase same that, in the case of clause (i), (ii) or (iii) above, are convertible into, or exercisable or exchangeable for, (x) shares of Common Stock (including any issued and issuable shares of Preferred Stock) or (y) any such convertible, exercisable or exchangeable securities shall be treated as having been so converted, exercised or exchanged at the rate or price at which such securities are convertible, exercisable or exchangeable for shares of Common Stock in effect at the time in question (which, for purposes of Section 2(c) hereof, shall be at the time of delivery by the Corporation of the notice of the Offer contemplated by Section 2(c)(ii) hereof), whether or not such securities are at such time immediately convertible, exercisable or exchangeable View More