Maximum Exercise Amount

Maximum Exercise Amount. Means $0.25 per share.

Maximum Exercise Amount. Means $0.05 per share.

Maximum Exercise Amount. Means an amount of Warrant Shares equal to the quotient of: (a) 50% of the Note Face Value divided by (b) the Exercise Price. For example, if the Note Face Value is $100,000 and the Exercise Price is $2.00, the "Maximum Exercise Amount" would be equal to 25,000 Warrant Shares ((50%*$100,000)/$2). In the event of an Automatic Extension of the Note, the Maximum Exercise Amount shall be equal to the quotient of: (a) 75% of the Note Face Value divided by (b) the Exercise Price. In the event that... the Qualified Financing is not consummated or the Note is not repaid in full on or before the Final Maturity Date of the Note, then the Maximum Exercise Amount shall be equal to the quotient of: (a) 100% of the Note Face Value divided by (b) the Exercise Price. View More