At the end of the 5 day period and at the end of each 23 hour period referred to above, the respective set number of ETHC Tokens distributed amongst all authorized purchasers, based on the total ether (“ETH”) contributed during those periods, respectively, as follows:
a = Total ETH contributed by an authorized purchaser during the period.
b = Total number of ETHC Tokens available for distribution in the period.
c = Total ETH contributed by all authorized purchasers during the period.
As an example:
20 ETHC Tokens are available during a period.
Bob contributes 4 ETH and Alice contributes 1 ETH during the period. The period ends.
As a total of 5 ETH were contributed for 20 ETHC Tokens during the period, 1 ETHC Token will be distributed for every 0.25 ETH contributed. Therefore, Bob receives 16 ETHC Tokens and Alice receives 4 ETHC Tokens.