Common use of Adjustment to Number of Ordinary Shares and Exercise Price Clause in Contracts

Adjustment to Number of Ordinary Shares and Exercise Price. In order to prevent dilution of the rights granted under this Warrant, the Exercise Price shall be subject to adjustment from time to time as provided in this Section 7, and the number of Ordinary Shares issuable upon exercise of this Warrant shall be subject to adjustment from time to time as provided in this Section 7; provided, however, if more than one subsection of this Section 7 is applicable to a single event, the subsection shall be applied that produces the largest adjustment and no single event shall cause an adjustment under more than one subsection of this Section 7 so as to result in duplication.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Carbon Revolution Public LTD Co), Warrant Agreement (Carbon Revolution Public LTD Co), Warrant Agreement (Carbon Revolution Public LTD Co)

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