definiens: shaH mean a price per share equal to : ( i ) $ 4.25 for the initial 5250,000 worth of Shares purchased l1li of the date hereof lIIld ( ii ) for lhe remaining Shares to be purehased hercunder, the ICliSCT of : ( A ) 54.25 WId ( 8) the average of the closing trade priee of the Shares as quoted on NASDAQ Small Cap Market for the ten ( 10 ) trading days through and including the applicable Closing Date ( as defi"ed below ), it being understood and agreed Ihal the Per Share Price for ail Shares purchased under Ihis clausc ( ii ) shall have an absolute floor of 53.38, regarulCliS of the then applicable closing trade price of Ihe Sharc!l as quoted on NASDAQ Smail Cap MIll'kCl