[1]	The conversion price per share is equal to the lesser of $7.80 or 95% of VWAP on the conversion date.
[2]	The conversion price per share was equal to the lesser of $10.00 or 75% of average daily VWAP for the fifteen trading days prior to the conversion date.
[3]	The conversion price per share is equal to 70% of average daily VWAP for the fifteen trading days prior to the conversion date.
[4]	The conversion price per share is equal to the lesser of $0.04 or 80% of VWAP on the conversion date.
[5]	The conversion price per share is equal to the lesser of $4.00 or 80% of VWAP on the conversion date.
[6]	The conversion price per share was equal to the lesser of $4.00 or 75% of the average of the lowest 5 prices during the 7 days preceding the conversion date.
[7]	The conversion price per share is equal to the lesser of $0.04 or 75% of the average of the lowest 5 VWAPs during the 7 trading days preceding the conversion date.
[8]	The conversion price per share is equal to the lesser of $4.00 or 75% of the average of the lowest 5 prices during the 20 days preceding the conversion date.
[9]	The conversion price per share is equal to the lesser of $4.00 or 75% of the lowest VWAP over the twenty trading days prior to the date of conversion
[10]	The conversion price per share is equal to the lesser of $4.00 or 65% of the lowest VWAP over the twenty trading days prior to the date of conversion
[11]	The conversion price per share is equal to 95% of the average of the three lowest prices during the 5 days preceding conversion
[12]	The conversion price per share is equal to 80% of the average of the three lowest prices during the 5 days preceding conversion

INTERCLOUD SYSTEMS, INC. 10-Q