definiens: is higher to [ * * * ], shall beequal to [ * * * ] ; ( ii ) means the subscription price of each DHT Share to be subscribed upon exercise of aWarrant equal to the greater of : ( i ) the par value of a share of [COMPANY] as at the date of exercise ofthe relevant Warrant ( i.e., € [ * * * ] on the Effective Date ) and ( ii ) the volume weighted average price(VWAP ) of a share of [COMPANY] on the Altemext market ( or such other market on which the shares ofDiaxonhit would be listed at the time of exercise ) during the 20 trading days preceding immediately thedate of the CE Notification or relevant Milestone Notification ( as defined in clause 3.7 ), as applicable ; ( iii)The total exercise price ( prix d ‘ exercice ) of the DHT Shares ( i.e., EUR [ * * * ] ) issued upon exercise of aWarrant will be fully paid - up by way of offset against the amount of the Initial Equity Payment or theMilestone 1/2/3/4 Equity Payment, as applicable ; for the purpose of this paragraph ( iii ), uponsatisfaction of the CE Approval, Milestone 1, Milestone 2, Milestone 3 or Milestone 4, as applicable, pursuant to the terms and conditions of this Agreement, the full amount of the Initial Equity Paymentor the Milestone 1/2/3/4 Equity Payment, as applicable, shall become automatically due and payable(liquide et exigible ) to XDx