Exercise Adjustment Formula. Any reductions in the Exercise Price pursuant to Sections 3(b)(ii)(B) or 3(b)(ii)(C) shall be determined in accordance with the following formula: EP2 = EP1 * (A + B) ÷ (A + C) For purposes of the foregoing formula, the following definitions shall apply:
Appears in 3 contracts
Sources: Securities Agreement (Emmaus Life Sciences, Inc.), Securities Agreement (Emmaus Life Sciences, Inc.), Securities Agreement (Emmaus Life Sciences, Inc.)