Adjustment to Warrants. The parties agree and acknowledge that as a result of the issuance of the Acquired Shares hereunder, the Ratchet Provisions contained in the Warrants require the Company to adjust the exercise price of all such Warrants to $.01 per share of Common Stock. Within 20 days after the Closing, the Company agrees to deliver to Purchaser new warrants (the "New Warrants") in the name of Purchaser in a form identical to the existing Warrants with the new exercise price of $.01 per share of Common Stock. Promptly upon receipt of the New Warrants, the Purchaser agrees to deliver to the Company for cancellation the existing Warrants.
Adjustment to Warrants. If, by the expiration date of the Grace Period, the Actual Cash of the Target Company is still less than RMB 400,000,000, and the Cayman Company has granted the Warrant to the Warrant Holder in accordance with the provisions of Supplementary Agreement I, the Parties agree that, and the Transferor shall ensure that the Warrant Holder shall also agree that, the total Target Shares of the Cayman Company to be subscribed to under such Warrant shall be adjusted according to the following formula: USD amount equivalent to the Adjusted Transfer Consideration (at the ratio of 6.73:1 between RMB and USD) divided by agreed per-ADS unit price (i.e. USD 1.30, subject to the adjustment provided in such Warrant), multiplied by the number of series A ordinary shares represented by one ADS (i.e. 7 shares, subject to the adjustment provided in such Warrant). The Transferor agrees that, and the Transferor shall ensure that the Warrant Holder shall also agree that, the Cayman Company may revoke the Warrant granted to the Warrant Holder on the Closing Date, and issue a new Warrant in the same format with the same substantial provisions to reflect the changes in the total number of Target Shares of the Cayman Company that may be subscribed to.
Adjustment to Warrants. The form of Warrant need not be changed because of any adjustment made pursuant to this Section 5, and Warrants issued after such adjustment may state the same Exercise Price and the same number of shares of Common Stock issuable upon exercise of the Warrants as are stated in the Warrant certificates initially issued pursuant to this Agreement. The Company, however, may at any time in its sole discretion make any change in the form of Warrant certificate that it may deem appropriate to give effect to such adjustments and that does not affect the substance of the Warrants, and any Warrant thereafter issued or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed.
Adjustment to Warrants. The Parties hereby acknowledge and agree that, immediately following the Closing, the Target Warrants shall automatically be amended and adjusted to: (a) entitle the holders thereof to acquire a number of Purchaser Shares that is equal to ten (10) times the number of Target Shares into which such Target Warrants are exercisable at the Execution Date, at an exercise price of $0.20 per Purchaser Share; and (b) reflect an expiry date that is one year from the Closing Date as more particularly set out in Table B of Schedule A attached hereto. The holders of the Target Warrants may, at any time following the Closing, upon the surrender of the certificate representing the Target Warrant (the “Warrant Certificate”) to the Purchaser, exchange the original Warrant Certificate for a new warrant certificate which references such adjusted terms.
Adjustment to Warrants. The parties agree and acknowledge that as a result of that certain Stock Purchase Agreement, dated April 13, 2007, between the parties, the exercise price of the Warrants was ratcheted down to $.01 per share.
Adjustment to Warrants. The form of Global Warrant need not be changed because of any adjustment made pursuant to this Article IV, and Global Warrants issued after such adjustment may state the same Exercise Price and the same number of shares of Common Stock issuable upon exercise of the Warrants as are stated in the Global Warrants initially issued pursuant to this Agreement. The Company, however, may at any time in its sole discretion make any change in the form of Global Warrant that it may deem appropriate to give effect to such adjustments and that does not affect the substance of the Global Warrant, and any Global Warrant thereafter issued or countersigned, whether in exchange or substitution for an outstanding Global Warrant or otherwise, may be in the form as so changed.
Adjustment to Warrants. The Buyer(s) hold warrants to acquire 3,000,000 (750,000 post-split) shares of the Company’s common stock exercisable through May 2009 at $1.75 ($7.00 post-split) per share, and 3,000,000 (750,000 post-split) shares of the Common Stock exercisable through May 2009 at $2.00 ($8.00 post-split) per share. The Company agrees that, upon the first conversion by the Buyer(s) of any 6% Debenture whether pursuant to paragraph 2(c) or otherwise, the exercise price of those warrants will be automatically adjusted to the average of the two lowest daily VWAPs of the Common Stock during the five Trading Days prior to such conversion (as those terms are defined in the 6% Debenture) to the extent that the average of the two lowest daily VWAPs are in fact lower than the exercise price at the time of conversion.
Adjustment to Warrants. The Exercise Price and the number of Warrant Shares for which this Warrant is exercisable shall be subject to adjustment and readjustment from time to time as provided herein.
Adjustment to Warrants. 7 4.1 Stock Dividends, Subdivisions and Combinations..................................................7 4.2 Issuance of Additional Shares of Common Stock...................................................8 4.3 Reorganization, Reclassification, Merger, Consolidation or Disposition of Assets................8 4.4
Adjustment to Warrants. The form of Warrant Certificate need not be changed because of any adjustment made pursuant to this Article 5, and the Warrant Certificates issued after such adjustment may state the same Exercise Price and the same number of Warrant Shares as are stated in any Warrant Certificate issued prior to the adjustment. The Company may, however, at any time in its sole discretion make any change in the form of Warrant Certificate that it may deem appropriate to give effect to such adjustments and that does not affect the substance of the Warrant Certificate, and any Warrant Certificate thereafter issued or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed.
