Investment Return Date

Investment Return Date. Means the first date on which the Purchasers who acquire Convertible Notes (or shares of Series II Preferred issuable upon conversion of Convertible Notes) prior to the date ninety (90) days after the Purchase Date have Transferred (other than to Affiliates) shares of Common Stock in transactions consummated after the date ninety (90) days after the Purchase Date and yielding aggregate proceeds to such Purchasers at least equal to the sum of (x) $8,000,000, plus (y) the amount... necessary to provide an IRR on amounts invested equal to twelve percent (12%), compounded quarterly, through the date of such payment. View More