Common use of Expiration of Rights, Warrants or Convertible Securities Clause in Contracts

Expiration of Rights, Warrants or Convertible Securities. Upon the expiration of any rights, warrants or Convertible Securities, if any thereof shall not have been exercised, exchanged or converted, the Purchase Price and the number of Ordinary Shares purchasable upon the exercise of each Warrant evidenced hereby shall, upon such expiration, be readjusted and shall thereafter be such as it would have been had it been originally adjusted (or had the original adjustment not been required, as the case may be) as if (A) the only Ordinary Shares so issued were the Ordinary Shares, if any, actually issued or sold upon the exercise of such rights or warrants or conversion or exchange of Convertible Securities and (B) such Ordinary Shares, if any, were issued or sold for the consideration actually received by the Company upon such exercise, conversion or exchange plus the aggregate consideration, if any, actually received by the Company for the issuance, sale or grant of all of such rights, warrants or Convertible Securities whether or not exercised, converted or exchanged, as the case may be; provided, however, that no such readjustment shall have the effect of increasing the Purchase Price or decreasing the number of Ordinary Shares purchasable upon the exercise of each Warrant evidenced hereby by an amount in excess of the amount of the adjustment initially made in respect of the issuance, sale or grant or such rights, warrants or Convertible Securities.

Expiration of Rights, Warrants or Convertible Securities. Upon the expiration of any rights, warrants or Convertible Securities, if any thereof shall not have been exercised, exchanged or converted, the Purchase Price and the number of Ordinary Shares purchasable upon the exercise of each Warrant evidenced hereby shall, upon such expiration, be readjusted and shall thereafter be such as it would have been had it been originally adjusted (or had the original adjustment not been required, as the case may be) as if (A) the only Ordinary Shares so issued were the Ordinary Shares, if any, actually issued or sold upon the exercise of such rights or warrants or conversion or exchange of Convertible Securities and (B) such Ordinary Shares, if any, were issued or sold for the consideration actually received by the Company upon such exercise, conversion or exchange plus the aggregate consideration, if any, actually received by the Company for the issuance, sale or grant of all of such rights, warrants or Convertible Securities whether or not exercised, converted or exchanged, as the case may be; provided, however, that no such readjustment shall have the effect of increasing the Purchase Price or decreasing the number of Ordinary Shares purchasable upon the exercise of each Warrant evidenced hereby by an amount in excess of the amount of the adjustment initially made in respect of the issuance, sale or grant or of such rights, warrants or Convertible Securities.