definiens: means the special voting shares in the capital of Buyer ; 3.1.2 means the common exchangeable shares in the capital of Buyer, exchangeable for Common Shares ; 3.1.3 means the shares of common stock in the capital of Aquinox US ; 3.1.4 means the Exchange Agreement made as of the 8th day of June, 2007 between AquinoxUS, Buyer and all shareholders of each of such corporations, as amended from time to time ; 3.1.5 of the Common Exchangeable Shares on any date means an amount equal to the USdollar price per share of the Common Exchangeable Shares at the most recent financing of Buyer and AquinoxUS plus 15 % of such price, provided that if the most recent financing of Buyer and Aquinox US did not involveany sale of Common Exchangeable Shares, then the price per share of the Common Exchangeable Shares will bedetermined as if the securities sold by the Buyer ( excluding special voting shares having a nominal value ) werefully exercised, converted or exchanged ( as the case may be ) into Common Shares ( net of any amounts payableby the holder on such exercise, conversion or exchange ) and the price per share of the Common ExchangeableShares will be deemed to be the price per share of such Common Shares ; and 3.1.6 means the shares of common special voting stock in the capital ofAquinox US