VWAP

VWAP. Means the volume weighted average closing price per share of the Common Stock on the New York Stock Exchange during the period ending on the last trading day before the date of determination.

VWAP. Shall mean the daily volume-weighted average sale price for the Common Stock on the Principal Market on any particular Trading Day as reported on Bloomberg's, as such figure may be adjusted pursuant hereto.

VWAP. Shall mean the daily volume weighted average price per share (based on a trading day from 9:30 a.m. to 4:00 p.m., Eastern time) of the Common Stock on the Nasdaq National Market (or any successor thereto) as reported by Bloomberg Financial LP using the AQR function and eliminating any Block Trades.

VWAP. Means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on the Trading Market, the daily volume weighted average price of the Common Stock for the preceding 20 trading days on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. New York City time to 4:02 p.m. New York City time); (b) if the OTC Bulletin Board is not a... Trading Market, the volume weighted average price of the Common Stock for the preceding 20 trading days on the OTC Bulletin Board; (c) if the Common Stock is not then listed or quoted on the OTC Bulletin Board and if prices for the Common Stock are then reported in the "Pink Sheets" published by Pink Sheets, LLC (or a similar organization or agency succeeding to its functions of reporting prices), the bid price per share of the Common Stock so reported the preceding 20 trading days; or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Purchasers of a majority in interest of the holders of the Convertible Promissory Notes of even date herewith in the aggregate amount of $700,000 then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company. View More

VWAP. Shall mean the daily volume weighted average price of the Company's Common Stock on the Principal Market as reported by Bloomberg Financial L.P. (based on a trading day from 9:30 a.m. Eastern Time to 4:02 p.m. Easter Time) using the VAP function on the date in question.

VWAP. Means the volume weighted average selling price of the Common Stock during the 20 trading days immediately preceding a reference date.

VWAP. Means, for any date, the price determined by the first of the following clauses that applies: (a) if INVO Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of INVO Common Stock for such date (or the nearest preceding date) on the Trading Market on which INVO Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB Venture Market... ("OTCQB") or OTCQX Best Market ("OTCQX") is not a Trading Market, the volume weighted average price of INVO Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if INVO Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported on the Pink Open Market operated by OTC Markers, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of INVO Common Stock so reported, or (d) in all other cases, the fair market value of a share of INVO Common Stock as determined by an independent appraiser selected in good faith by the Purchasers of a majority in interest of the Securities then outstanding and reasonably acceptable to INVO, the fees and expenses of which shall be paid by INVO. View More

VWAP. Means, for any Trading Day, the volume-weighted average price, calculated by dividing (a) the aggregate value of all shares of Golden Matrix Common Stock traded on the Principal Market during regular trading hours, calculated by multiplying the closing price per share of Golden Matrix Common Stock on such applicable Trading Day, by the aggregate number of shares of Golden Matrix Common Stock traded on such Trading Day, by (b) the total volume (number of shares) of Golden Matrix Common Stock... traded on the Principal Market for such Trading Day, or if such volume-weighted average price is unavailable, the market value of one share of Golden Matrix Common Stock on such Trading Day as determined by the Board of Directors of Golden Matrix in a commercially reasonable manner. 6 Shareholders Agreement View More

VWAP. Means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if the foregoing does not... apply, the bid price of the Common Stock in the over-the-counter market on the electronic bulletin board for such Common Stock as reported by Bloomberg L.P. as of such time of determination, (c) if no bid price is reported for the Common Stock by Bloomberg L.P. as of such time of determination, the average of the bid prices of all of the market makers for the Common Stock as reported in the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices) as of such time of determination, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent nationally recognized investment bank or other qualified financial institution selected in good faith by the Board of Directors of the Company (the "Board") and reasonably acceptable to the Holder, the fees and expenses of which shall be paid by the Company. View More

VWAP. Means the volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours for the applicable time period.