Change in ADS Ratio. If after the Issuance Date the ADS ratio is increased or reduced, then the number of Warrant ADSs to be provided on exercise of a Warrant will be reduced or increased (respectively) in inverse proportion to the change in the ADS ratio Ordinary Shares per ADS.
Change in ADS Ratio. If after the Issuance Date the ADS ratio is increased or reduced, then the number of Warrant ADSs to be provided on exercise of a Warrant will be reduced or increased (respectively) in inverse proportion to the change in the ADS ratio of Class A Ordinary Shares per ADS and the Exercise Price per Warrant will be increased or reduced (respectively) in proportion to the change in Class A Ordinary Shares per ADS, so that the total number of Class A Ordinary Shares underlying the Warrant ADSs issuable upon exercise of the Warrants and the aggregate Exercise Price for all Warrants remain unchanged.
Change in ADS Ratio. If after the Initial Exercise Date the ADS ratio is increased or reduced other than in conjunction with a transaction subject to Section 3(a) above, then the number of Warrant ADSs to be provided on exercise of a Warrant will be reduced or increased (respectively) in inverse proportion to the change in the ADS ratio of Ordinary Shares per ADS and the Exercise Price shall be appropriately adjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged.
