Special Conversion Price

Special Conversion Price. Shall mean the greater of (x) .6667 of the last reported sales price, regular way, on the Nasdaq National Market, of Common Stock, par value $.01 of CoreComm Limited, a Bermuda corporation, on the Issue Date, adjusted for any subsequent stock split, stock dividend, subdivision or reclassification affecting or relating to the Common Stock, and (y) the Change of Control Price.