Common use of Adjustment upon Stock Dividends or Capitalization of Reserves Clause in Contracts

Adjustment upon Stock Dividends or Capitalization of Reserves. A) Adjustment in the number of shares to be acquired: if at any time as from the Issue Date the Company issues or resolves to issue shares as a result of stock dividend distributions, change in the shares’ par value, capitalization of reserves, profits, accounting adjustments or other on-balance sheet special funds and other corporate transactions whereby bonus shares (the “Bonus Shares”) are delivered, each Warrant shall entitle to acquire, in addition to one Share, the number of Bonus Shares (the “Underlying Bonus Shares”) which the holder of the relevant Warrants would have been entitled to receive if, since the Issue Date and on each issue date of Bonus Shares, it had been holder of record of: (i) the Share; and (ii) all the Bonus Shares it would have been entitled to subscribe for as of each issue as a result of this Section 7.2.

Adjustment upon Stock Dividends or Capitalization of Reserves. A) Adjustment in the number of shares to be acquired: if at any time as from the Issue Date the Company issues or resolves to issue shares as a result of stock dividend distributions, change in the shares’ par value, capitalization of reserves, profits, accounting adjustments or other on-balance sheet special funds and other corporate transactions whereby bonus shares (the “Bonus Shares”) are delivered, each Warrant shall entitle to acquire, in addition to one Share, the number of Bonus Shares (the “Underlying Bonus Shares”) equal to that which the holder of the relevant Warrants would have been entitled to receive if, since the Issue Date and on each issue date of Bonus Shares, it had been holder of record of: (i) the Share; and (ii) all the Bonus Shares it would have been entitled to subscribe for as of each issue as a result of this Section 7.2.