Weighted Average Anti-Dilution

Weighted Average Anti-Dilution (Equity) - Issuance terms designed to protect all of the percentage ownership an equity Investor has in the Issuer when there is a future issuance of equity at a lower price than the previous equity sales.  Weighted average anti-dilution protection results in partial dilution protection, based upon the relative size of the later equity issuance to the earlier equity series receiving the protection.