First Refusal Pro Rata Share

Example Definitions of "First Refusal Pro Rata Share"
First Refusal Pro Rata Share. Of an Investor at any time shall mean the fraction resulting when (i) the total number of Conversion Shares then held by or issuable to the Investor is divided by (ii) the total number of Conversion Shares then held by or and issuable to all Investors.
Found in INNOVATIVE MICRO TECHNOLOGY INC contract
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