iSystems Expiration Date

iSystems Expiration Date. The first date that the holders of Registrable Securities no longer hold more than the lesser of (x) 5% of the Company's outstanding Common Stock (as equitably adjusted for any stock splits, stock combinations, reorganizations, exchanges, merger, recapitalizations or similar transaction after the date hereof) and (y) 90% of the shares of Company Common Stock held by such holders as of the date hereof