Required Second Registration Amount

Required Second Registration Amount. Means to the extent not covered by the initial Registration Statement, (i) 100% of the sum of (x) the Preferred Shares outstanding as of such date of determination and (y) the maximum number of Preferred Shares issuable upon exercise of the Preferred Warrants outstanding as of such date of determination (ii) 200% of the maximum number of Warrant Common Shares issuable upon exercise of the Common Warrants (without taking in to account any limitations on exercise set forth therein) and (iii) 200%... of the maximum number of Conversion Shares issuable upon conversion of the Preferred Shares (assuming for purposes hereof that (w) the Preferred Shares are convertible at the applicable floor price as of such date of determination, (x) all Warrant Preferred Shares issuable upon exercise of the Preferred Warrants as of such date of determination are deemed issued and outstanding as of such date of determination, (y) dividends on the Preferred Shares shall accrue through the third anniversary of the Closing Date and (z) any such conversion shall not take into account any limitations on the conversion of the Preferred Shares set forth in the Certificate of Designations), all subject to adjustment as provided in Section 2(d) and/or Section 2(f). View More