In accordance with Section 3.1(a), Purchaser shall satisfy the Purchase Price at the Closing as to the Credit Bid Amount by discharging the applicable portion of the Credit Bid Indebtedness constituting the Credit Bid Amount, and such portion of the Credit Bid Indebtedness shall be deemed to be discharged, (for the avoidance of doubt, any Credit Bid Indebtedness not constituting part of the Credit Bid Amount shall remain outstanding and shall not be deemed

B = the Closing Bid Price of the Common Stock on the date of exercise of the Warrant.

“Credit Bid Indebtedness” means, as of the Effective Date, all Roll-Up Notes Obligations and all Pre-Petition Secured Notes Obligations, whether or not any of the foregoing is credit bid as part of the Purchase Price.

“Last Reported Sale Price” of the Common Stock for any Trading Day means the closing sale price per share (or, if no closing sale price is reported, the average of the last bid price and the last ask price per share or, if more than one in either case, the average of the average last bid prices and the average last ask prices per share) of the Common Stock on such Trading Day as reported in composite transactions for the principal U.S. national or regional securities exchange on which the Common Stock is then listed. If the Common Stock is not listed on a U.S. national or regional securities exchange on such Trading Day, then the Last Reported Sale Price will be the last quoted bid price per share of Common Stock on such Trading Day in the over-the-counter market as reported by OTC Markets Group Inc. or a similar organization. If the Common Stock is not so quoted on such Trading Day, then the Last Reported Sale Price will be the average of the mid-point of the last bid price and the last ask price per share of Common Stock on such Trading Day from a nationally recognized independent investment banking firm the Parent selects.

Price. The purchase price per Option Share is set forth below.

Price. The exercise price of the Options is ​ per share.

Price. Graphite shall pay the Price in accordance with the provisions detailed in Work Orders.

Price. Common Stock issued or sold under this Article 10 may be issued or sold for no cash consideration or such consideration as the Committee shall determine and specify in the Award Agreement.

Price. Except for the limitations on Incentive Stock Options set forth below, the price at which each Share covered by an Option may be purchased shall be determined in each case by the Administrator and set forth in the Award Agreement. In no event shall the Exercise Price for each Share covered by an Option be less than the Fair Market Value of the Stock on the date the Option is granted. Further, the Exercise Price for each Share covered by an Incentive Stock Option granted to an Employee who then owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any parent or subsidiary corporation of the Company must be at least 110% of the Fair Market Value of the Stock subject to the Incentive Stock Option on the date the Option is granted.

The Company shall lose the “bid” price for its stock in a market (including the OTCQB marketplace or other exchange).