Common use of Ranking of Shares and Warrants Clause in Contracts

Ranking of Shares and Warrants. (a) Each Share received by a Financier or Financier’s Affiliate, either under clause 7.2 or on the exercise of a Warrant issued to a Financier or its Affiliate (as applicable) under this clause 8, ranks in all respects pari passu with the other then existing issued Shares, but will not in the case of the exercise of a Warrant carry any rights to any dividends or other distributions declared or paid or made on the Shares before the date that Warrant is exercised. (b) Each Warrant issued to a Financier or Financier’s Affiliate under this clause 8 ranks in all respects pari passu with the other then existing issued Warrants, but will not carry any rights to any distributions declared or paid or made on the Warrants before the date those Warrants are issued.

Ranking of Shares and Warrants. (a) Each Share received by a the Financier or the Financier’s Affiliate, either under clause 7.2 or nominee on the exercise of a Warrant issued to a the Financier or its Affiliate nominee (as applicable) under this clause 8, 7 ranks in all respects pari passu with the other then existing issued Shares, but will not in the case of the exercise of a Warrant carry any rights to any dividends or other distributions declared or paid or made on the Shares before the date that Warrant is exercised. (b) Each Warrant issued to a the Financier or the Financier’s Affiliate nominee under this clause 8 7 ranks in all respects pari passu with the other then existing issued Warrants, but will not carry any rights to any distributions declared or paid or made on the Warrants before the date those Warrants are issued.

Ranking of Shares and Warrants. (a) Each Share received by a Financier or Financier’s Affiliate, either under clause 7.2 or Affiliate on the exercise of a Warrant issued to a Financier or its Affiliate (as applicable) under this clause 87, ranks in all respects pari passu with the other then existing issued Shares, but will not in the case of the exercise of a Warrant carry any rights to any dividends or other distributions declared or paid or made on the Shares before the date that Warrant is exercised. (b) Each Warrant issued to a Financier or Financier’s Affiliate under this clause 8 7 ranks in all respects pari passu with the other then existing issued Warrants, but will not carry any rights to any distributions declared or paid or made on the Warrants before the date those Warrants are issued.