Resale Percentage

Resale Percentage. Shall mean (i) 5% of the then outstanding shares of the Common Stock if the VWAP of the Common Stock is less than $6.30 per share, (ii) 10% of the then outstanding shares of the Common Stock if the VWAP is equal to or greater than $6.30 but less than $9.45 per share, (iii) 15% of the then outstanding shares of the Common Stock if the VWAP is equal to or greater than $9.45 but less than $12.60 per share, and (iv) 40% of the then outstanding shares of the Common Stock if the VWAP is equal to or... greater than $12.60 per share, in each case, as appropriately adjusted for stock splits, combinations, reorganizations, reclassifications and the like. View More