Strategic Financing

Strategic Financing. Shall mean the issuance of Common Stock or Options in connection with any acquisition by the Company, by whatever means, of any business, assets or technologies, or to any strategic investor, vendor, customer, lease or similar arrangement, the primary purpose of which is not to raise equity capital; provided that the aggregate number of shares of Common Stock which the Company may issue pursuant to this definition shall not exceed (i) 25% of the total outstanding equity on... the Original Issuance Date in connection with any one or more related issuances to strategic investors, vendors, customers, lessors or similar parties or (ii) 40% of the total outstanding equity on the Original Issuance Date in connection with all issuances to strategic investors, vendors, customers, lessors or similar parties (in each case, subject to adjustment for stock splits, stock dividends, stock combinations and similar transactions). View More

Strategic Financing. Shall mean any future equity financing whereby Common Stock or Convertible Securities are issued for consideration other than cash or cash equivalents (e.g., notes) to any person or entity which has or is proposed to have a material business, technology, lending, investment or commercial relationship with the Company in addition to any equity financing provided by such person or entity and it is determined by the Board of Directors of the Company that such equity financing will ... -4- result in or further develop a material business, technology or commercial relationship with the Company; PROVIDED, HOWEVER, that the aggregate number of shares of Common Stock (including Convertible Securities and Options on a fully diluted basis) that may be issued pursuant to Strategic Financings may not exceed 750,000 shares. View More

Strategic Financing. Means an investment in the Company by an unaffiliated operating company engaged in a business similar or complementary to that of the Company where the principal purpose is not to raise additional equity capital for the Company.