Warrant Percentage

Warrant Percentage. As of any exercise date, means [_____]% less (i) in any case when a portion of this Warrant shall have been previously exercised on one specific occasion, the Exercised Percentage, or (ii) in the event that a portion of this Warrant shall have been previously exercised on more than one occasion, the sum of the Exercised Percentages calculated with respect to each such prior exercise. In the event that, as of any exercise date, a portion of this Warrant shall have been previously exercised on... more than one occasion, the calculation of the Exercised Percentage with respect to each such prior exercise shall be made successively, commencing with the earliest such prior exercise. View More

Warrant Percentage. 2.5% of the equity of the Company on a Fully Diluted Basis