Initial Warrant Exercise Number
Initial Warrant Exercise Number. Means that number of Shares as equals the 2013 Results Formula Number but shall in no event exceed 2,200,000 Shares; provided that if the Bonus Condition is achieved in Fiscal Year 2013, the Initial Warrant Exercise Number shall be the greater of the 2013 Results Formula Number and 1,100,000 Shares, but shall in no event exceed 2,200,000 Shares.
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