100,125 shares that will be issued on February 21, 2017, the first trading day after we entered into the Purchase Agreement, valued at $3.75 per share (which is equal to the product of 0.94 and the lowest volume weighted average price, or VWAP, of shares of our common stock for the eight trading days immediately preceding February 17, 2017, the effective date of the Purchase Agreement), or the Initial Commitment Shares; (ii) at such time as the Investor has purchased an aggregate of at least $50.0 million of shares of our common stock under the Purchase Agreement, an additional $375,000 of shares of our common stock, at a per share price equal to the product of 0.94 and the lowest VWAP of shares of our common stock for the eight trading days immediately preceding the applicable settlement date on which the Investor exceeds such threshold; (iii) at such time as the Investor has purchased an aggregate of at least $100.0 million of shares of our common stock under the Purchase Agreement, an additional $375,000 of shares of our common stock, at a per share price equal to the product of 0.94 and the lowest VWAP of shares of our common stock for the eight trading days immediately preceding the applicable settlement date on which the Investor exceeds such threshold; and (iv) at such time as the Investor has purchased an aggregate of at least $150.0 million of shares of our common stock under the Purchase Agreement, an additional $375,000 of shares of our common stock, at a per share price equal to the product of 0.94 and the lowest VWAP of shares of our common stock for the eight trading days immediately preceding the applicable settlement date on which the Investor exceeds such threshold.
