MANDATORY EXERCISE TRIGGERING EVENT

MANDATORY EXERCISE TRIGGERING EVENT. Means (A) the Closing Sale Price of the Common Stock equals or exceeds $2.32 (subject to appropriate adjustments for stock splits, stock dividends, stock combinations and other similar transactions after the Issuance Date) for each of any fifteen (15) consecutive Trading Days (the "MANDATORY EXERCISE MEASURING PERIOD") (with a minimum trading volume of 200,000 shares of Common Stock on each such Trading Day); or (B) the Closing Sale Price of the Common Stock equals or exceeds $3.10 (subject to... appropriate adjustment for stock splits, stock dividends, stock combinations and other similar transactions after the Issuance Date) on each Trading Day during the Mandatory Conversion Period (with a minimum trading volume of 200,000 shares of Common Stock on each such Trading Day); or (C) completion of an Equity Financing. View More

MANDATORY EXERCISE TRIGGERING EVENT. Means (A) the Closing Sale Price of the Common Stock equals or exceeds $4.00 (subject to appropriate adjustments for stock splits, stock dividends, stock combinations and other similar transactions after the Issuance Date) for each of any fifteen (15) consecutive Trading Days (the "MANDATORY EXERCISE MEASURING PERIOD") (with a minimum trading volume of 200,000 shares of Common Stock on each such Trading Day); and (B) the Notes (as defined in the Note Purchase Agreement), including all principal... and interest accrued and unpaid thereon have been paid in full and are no longer outstanding. View More