Next Security Conversion Price

Next Security Conversion Price. Shall mean a price per security equal to the price per security paid for the Next Securities (as defined below) in the Next Financing (as defined below), provided that in no event shall such price per security exceed $0.65 per share of Common Stock issuable upon the conversion or exercise of such Next Securities, as adjusted for any stock split, dividend or other distribution, recapitalization or similar event.