definiens: means the quotient of the then applicable FMV of one Exchangeable Share divided by the then applicable FMV of one share of Parent Common Stock . By way of example and not limitation, the Exchange Ratio would be [ * * * ] if the then applicable FMV of one Exchangeable Share was [ * * * ] per share and the then applicable FMV of on e share of Parent Common Stock was [ * * * ] per share . By way of further example and not limitation, the Exchange Ratio would be [ * * * ] if the then applicable FMV of one Exchangeable Share was [ * * * ] per share and the then applicable FMV of one share of Parent Common Stock was [ * * * ] per share . For purposes of determining the applicable Exchange Ratio, the applicable FMV of one Exchangeable Share shall first be converted to Euro using the United States Dollars - Euro exchange rate as published in The Wall Street Journal, Eastern Edition, on the date that is two ( 2 ) Business Days prior to the date on which the Managing Directors of Parent resolve the Authorized Capital Increase