Trust Exercise Price

Trust Exercise Price. Shall mean (i) with respect to each Common Share that constitutes the first 20.972/38.264 of the Trust Fixed Percentage Number (as then in effect) of Common Shares issuable upon exercise of the Warrant, $2,384,131.222 (i.e., $50,000,000 divided by 20.972 or the cost of each one (1) percent of the first 20.972% of the Common Shares deliverable hereunder) divided by 1/38.264 of the Trust Fixed Percentage Number (as then in effect) and (ii) with respect to each Common Share that constitutes the... next 17.292/38.264 of the Trust Fixed Percentage Number (as then in effect) of Common Shares issuable upon exercise of the Warrant following the issuance of the first 20.972/38.264 of the Trust Fixed Percentage Number of Common Shares referred to in clause (i), $2,790,178.571 (i.e., $50,000,000 divided by 17.292 or the cost of each one (1) percent of the next 17.292% of the Common Shares deliverable hereunder) divided by 1/38.264 of the Trust Fixed Percentage Number (as then in effect), in each case subject to adjustment pursuant to the terms herein, including, but not limited to, adjustment 6 pursuant to Section 5 hereof. As an illustration, assuming that the Trust Fixed Percentage Number is 619,800.440 as set forth in the illustration included in the definition of Trust Fixed Percentage Number below, the Trust Exercise Price is $2,384,131.222/(619,800.440/38.264) or $147.187 for each Common Share constituting the first 20.972/38.264 of the 619,800.440 shares (i.e., the first 339,704.548 shares) acquired. View More