Common use of Adjustment in Rights Clause in Contracts

Adjustment in Rights. 11.1.1 If, at any time after the date hereof and prior to the Expiry Date, there is a reclassification of the outstanding Common Shares or change of the Common Shares into other shares or securities or any other capital reorganization of the Corporation or a consolidation, merger or amalgamation of the Corporation with or into any other corporation (any such event being called a "CAPITAL REORGANIZATION"), each Holder shall be entitled to receive and shall accept for the same aggregate consideration, upon the exercise of the Warrants at any time after the record date on which the holders of Common Shares are determined for the purpose of the Capital Reorganization (the "relevant record date"), in lieu of the number of Common Shares to which it was theretofore entitled upon such exercise, the kind and amount of shares or other securities of the Corporation or of the corporation resulting from the Capital Reorganization that the Holder would have been entitled to receive as a result of such Capital Reorganization if, on the relevant record date, it had been the holder of record of the number of Common Shares in respect of which the Warrants are then being exercised, and such shares or other securities shall be subject to adjustment thereafter in accordance with provisions which are the same, as nearly as may be possible, as those contained in this Section 11; provided that no such Capital Reorganization shall be implemented unless all necessary steps have been taken so that each Holder shall be entitled to receive the kind and amount of shares or other securities of the Corporation or of the corporation resulting from the Capital Reorganization as provided above.

Adjustment in Rights. 11.1.1 If, at any time after the date hereof and prior to the Expiry Maturity Date, there is a reclassification of the outstanding Common Shares or change of the Common Shares into other shares or securities or any other capital reorganization of the Corporation Company or a consolidation, merger or amalgamation of the Corporation Company with or into any other corporation (any such event being called a "CAPITAL REORGANIZATIONCapital Reorganization"), each Holder the Investor shall be entitled to receive and shall accept for the same aggregate consideration, upon the exercise of the Warrants conversion rights contained in this Debenture at any time after the record date on which the holders of Common Shares are determined for the purpose of the Capital Reorganization (the "relevant record date"), in lieu of the number of Common Shares to which it was theretofore entitled upon such exercise, the kind and amount of shares or other securities of the Corporation Company or of the corporation resulting from the Capital Reorganization that the Holder Investor would have been entitled to receive as a result of such Capital Reorganization if, on the relevant record date, it had been the holder of record of the number of Common Shares in respect of which the Warrants are conversion right contained in this Debenture is then being exercised, and such shares or other securities shall be subject to adjustment thereafter in accordance with provisions which are the same, as nearly as may be possible, as those contained in this Section 11; 5(a) provided that no such Capital Reorganization shall be implemented unless all necessary steps have been taken so that each Holder the Investor shall be entitled to receive the kind and amount of shares or other securities of the Corporation Company or of the corporation resulting from the Capital Reorganization as provided above.

Adjustment in Rights. 11.1.1 If, at any time after the date hereof and prior to the Expiry Date, there is a reclassification of the outstanding Common Shares or change of the Common Shares into other shares or securities or any other capital reorganization of the Corporation Company or a consolidation, merger or amalgamation of the Corporation Company with or into any other corporation (any such event being called a "CAPITAL REORGANIZATIONCapital Reorganization"), each the Holder shall be entitled to receive and shall accept for the same aggregate consideration, upon the exercise of the Warrants at any time after the record date on which the holders of Common Shares are determined for the purpose of the Capital Reorganization (the "relevant record date"), in lieu of the number of Common Shares to which it was theretofore entitled upon such exercise, the kind and amount of shares or other securities of the Corporation Company or of the corporation resulting from the Capital Reorganization that the Holder would have been entitled to receive as a result of such Capital Reorganization if, on the relevant record date, it had been the holder of record of the number of Common Shares in respect of which the Warrants are exercise right contained in this Warrant is then being exercised, and such shares or other securities shall be subject to adjustment thereafter in accordance with provisions which are the same, as nearly as may be possible, as those contained in this Section 11; 10(a) provided that no such Capital Reorganization shall be implemented unless all necessary steps have been taken so that each the Holder shall be entitled to receive the kind and amount of shares or other securities of the Corporation Company or of the corporation resulting from the Capital Reorganization as provided above.