Common use of Adjustment of Warrant Shares and Warrant Price Clause in Contracts

Adjustment of Warrant Shares and Warrant Price. The Warrant Shares and Warrant Price shall be subject to the following adjustments: (a) In the event that, while the Warrants have not been exercised in full, the Company should proceed to any transaction mentioned in articles 171 et seq. of Decree n degrees 67-236 of March 23, 1967, the rights of the Holder shall be preserved, by adjusting, in accordance with French Law, the number of shares to be issued upon the exercise of the Warrants so as to entitle the Holder thereof to subscribe such number of shares that have the same aggregate value immediately following such event as the shares that could have been subscribed for immediately prior to such event. (b) In the event of share capital reduction motivated by losses, the rights of the Holder in respect of the number of shares to subscribe upon exercise of these Warrants will be reduced accordingly, as if the Holder had been shareholder as from the date of issue of the Warrants, and as if the Warrants had been fully vested as of that date.

Adjustment of Warrant Shares and Warrant Price. The Warrant Shares and Warrant Price shall be subject to the following adjustments: (a) In the event that, while the Warrants have Warrant has not been exercised in full, the Company should proceed to any transaction mentioned in articles 171 et seq. of Decree n degrees n°67-236 of March 23, 1967, the rights of the Holder shall be preserved, by adjusting, in accordance with French Law, the number of shares to be issued upon the exercise of the Warrants Warrant so as to entitle the Holder thereof to subscribe such number of shares that have the same aggregate value immediately following such event as the shares that could have been subscribed for immediately prior to such event. (b) In the event of share capital reduction motivated by losses, the rights of the Holder in respect of the number of shares to subscribe and purchase upon exercise of these Warrants this Warrant will be reduced accordingly, as if the Holder had been shareholder as from the date of issue of the WarrantsWarrant, and as if the Warrants Warrant had been fully vested as of that date.