(B) for the Second Tranche of options, the lesser of: (i) the...

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    (B) for the Second Tranche of options, the lesser of:
    (i) the amount which is 25% higher than the VWAP of the shares over the five business
    days preceding 22 July 2015, being the first anniversary of the employment
    agreement; and
    (ii) $2.00.
 
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