Mandatory Exercise Shares

Mandatory Exercise Shares. Means, as of any date of determination on or prior to the first anniversary of the Original Issue Date, half of the Total Warrant Shares, provided that the number of Mandatory Exercise Shares shall be reduced (until the number of Mandatory Exercise Shares is zero) by each Warrant Share with respect to which this Warrant is exercised on or prior to such date of determination. After the first anniversary of the Original Issue Date, the number of Mandatory Exercise Shares shall be zero.