Exempt Financing

Exempt Financing. Means (i) a financing in which the Company issues shares of Common Stock at a purchase price per share of Common Stock in excess of the purchase price per share paid by the Purchaser (as adjusted for stock splits, stock dividends, recapitalizations or similar events) or (ii) a financing in which the Company issues securities convertible, exercisable or exchangeable for shares of Common Stock at a purchase price per security (including any amount required to be paid to the Company in connection... with any conversion, exercise or exchange thereunder) in excess of the purchase price per share paid by the Purchaser (as adjusted for stock splits, stock dividends, recapitalizations or similar events). View More