Common use of Reclassification, Consolidation, Purchase, Combination, Sale or Conveyance Clause in Contracts

Reclassification, Consolidation, Purchase, Combination, Sale or Conveyance. In case of any reclassification or reorganization of the outstanding Ordinary Shares (other than a change covered by Section 10 hereof or that solely affects the par value of such Ordinary Shares), or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding Ordinary Shares), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved (each a “Fundamental Transaction”), it shall be a condition to such Fundamental Transaction that the Company or any successor to the Company in the Fundamental Transaction (“Successor”) either (i) if the Ordinary Shares of the Company or any Successor are traded on a national securities exchange (as defined in the Act) after the Fundamental Transaction, assume or remain bound by each outstanding Warrant or deliver in exchange for each outstanding Warrant a written instrument substantially similar to the Warrant entitling the Warrant holders to purchase, in lieu of the Ordinary Shares of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the Ordinary Shares of the Company or any Successor at an Exercise Price equitably adjusted to reflect the terms of the Fundamental Transaction or (ii) if the Ordinary Shares of the Company or any Successor are not so traded, deliver in exchange for each outstanding Warrant a written instrument substantially similar to the Warrant entitling the Warrant holders to purchase, in lieu of the Ordinary Shares of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such Fundamental Transaction, that the Warrant holder would have received if such Warrant holder had exercised his, her or its Warrant(s) immediately prior to such event provided, that (i) if the holders of Ordinary Shares were entitled to exercise a right of election as to the kind or amount of securities, cash or other assets receivable upon such consolidation or merger, then the kind and amount of securities, cash or other assets for which each Warrant shall become exercisable shall be deemed to be the weighted average of the kind and amount received per share by the holders of Ordinary Shares in such Fundamental Transaction that affirmatively make such election, (ii) if a tender or exchange offer shall have been made to and accepted by the holders of Ordinary Shares under circumstances in which, upon completion of such tender or exchange offer, the maker thereof, together with members of any group (within the meaning of Rule 13d-5(b)(1) under the Exchange Act) of which such maker is a part, and together with any affiliate or associate of such maker (within the meaning of Rule 12b-2 under the Exchange Act) and any members of any such group of which any such affiliate or associate is a part, own beneficially (within the meaning of Rule 13d-3 under the Exchange Act) more than 50% of the outstanding Ordinary Shares, the holder of a Warrant shall be entitled to receive the highest amount of cash, securities or other property to which such holder would actually have been entitled as a shareholder if such Warrant holder had exercised the Warrant prior to the expiration of such tender or exchange offer, accepted such offer and all of the Ordinary Shares held by such holder had been purchased pursuant to such tender or exchange offer, subject to adjustments (from and after the consummation of such tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in Section 10 hereof. If any reclassification also results in a change in Ordinary Shares covered by Section 10, then such adjustment shall be made pursuant to Section 10 and this Section 12. The provisions of this Section shall similarly apply to successive Fundamental Transactions. If the holders of the Ordinary Shares may elect from choices the kind or amount of securities or cash receivable upon such Fundamental Transaction, then for the purpose of this Section 12 the kind and amount of securities or cash receivable upon such Fundamental Transaction shall be deemed to be the choice specified by the holder of the Warrant, which specification shall be made by the holder of the Warrant by the later of (A) 20 calendar days after the holder of the Warrant is provided with a final version of all information required by law or regulation to be furnished to holders of Ordinary Shares concerning such choice, or if no such information is required, 20 days after the Company notified the holder of the Warrant of all material facts concerning such specification and (B) the last time at which holders of Ordinary Shares are permitted to make their specification known to the Company. If the holder of the Warrant fails to make any specification, the holder’s choice shall be deemed to be whatever choice is made by a plurality of holders of Ordinary Shares not affiliated with the Company or any other party to the reclassification, change, consolidation, merger, combination, sale or conveyance. Such adjusted Warrants shall provide for adjustments which, for events subsequent to the effective date of such new Warrants, shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 10 and this Section 12. The above provisions of this Section 12 shall similarly apply to successive reclassifications, changes, consolidations, mergers, combinations, sales and conveyances of the kind described above. The Company shall instruct the Warrant Agent to mail by first class mail, postage prepaid, to each registered holder of a Warrant, written notice of the execution of any such amendment, supplement or agreement. Any supplemented or amended agreement entered into by the successor corporation or transferee shall provide for adjustments, which shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 10 and this Section 12. The Warrant Agent shall be under no responsibility to determine the correctness of any provisions contained in such agreement relating either to the kind or amount of securities or other property receivable upon exercise of warrants or with respect to the method employed and provided therein for any adjustments and shall be entitled to rely upon the provisions contained in any such agreement. The provisions of this Section 12 shall similarly apply to successive Fundamental Transactions of the kind described above.

Reclassification, Consolidation, Purchase, Combination, Sale or Conveyance. (a) In case any of the following shall occur while any Warrants are outstanding: (i) any reclassification or reorganization change of the outstanding Ordinary Shares shares of Common Stock (other than a change in par value, or from par value to no par value, or as covered by Section 10 hereof or that solely affects the par value of such Ordinary Shares10(a)), or in the case of (ii) any consolidation, merger or consolidation combination of the Company with or into another corporation (as a result of which holders of Common Stock shall be entitled to receive stock, other than a consolidation securities or merger cash with respect to or in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding Ordinary Shares)exchange for such Common Stock, or in the case of (iii) any sale or conveyance to another corporation or entity of the property or assets or other property of the Company as as, or substantially as, an entirety or substantially to any other entity as an entirety in connection with a result of which the Company is dissolved (each a “Fundamental Transaction”), it holders of Common Stock shall be a condition entitled to such Fundamental Transaction that the Company receive stock, other securities or any successor cash with respect to the Company in the Fundamental Transaction (“Successor”) either (i) if the Ordinary Shares of the Company or any Successor are traded on a national securities exchange (as defined in the Act) after the Fundamental Transaction, assume or remain bound by each outstanding Warrant or deliver in exchange for each outstanding Warrant a written instrument substantially similar to such Common Stock, then the Company, or such successor corporation or transferee, as the case may be, shall make appropriate provision by amendment of this Agreement or by the successor corporation or transferee executing with the Warrant entitling Agent an agreement so that the Warrant holders to purchaseof the Warrants then outstanding shall have the right at any time thereafter, upon exercise of such Warrants (in lieu of the Ordinary Shares number of the Company immediately shares of Common Stock theretofore purchasable and receivable upon the exercise of the rights represented thereby, the Ordinary Shares of the Company or any Successor at an Exercise Price equitably adjusted deliverable) to reflect the terms of the Fundamental Transaction or (ii) if the Ordinary Shares of the Company or any Successor are not so traded, deliver in exchange for each outstanding Warrant a written instrument substantially similar to the Warrant entitling the Warrant holders to purchase, in lieu of the Ordinary Shares of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, receive the kind and amount of shares of stock or other securities or property (including cash) and cash receivable upon such Fundamental Transactionreclassification, that change, consolidation, merger, combination, sale or conveyance as would be received by a holder of the Warrant holder would have received if number of shares of Common Stock issuable upon exercise of such Warrant holder had exercised his, her or its Warrant(s) immediately prior to such event providedreclassification, that (i) if the holders of Ordinary Shares were entitled to exercise a right of election as to the kind or amount of securitieschange, cash or other assets receivable upon such consolidation or consolidation, merger, then the kind and amount of securities, cash sale or other assets for which each Warrant shall become exercisable shall be deemed to be the weighted average of the kind and amount received per share by the holders of Ordinary Shares in such Fundamental Transaction that affirmatively make such election, (ii) if a tender or exchange offer shall have been made to and accepted by the holders of Ordinary Shares under circumstances in which, upon completion of such tender or exchange offer, the maker thereof, together with members of any group (within the meaning of Rule 13d-5(b)(1) under the Exchange Act) of which such maker is a part, and together with any affiliate or associate of such maker (within the meaning of Rule 12b-2 under the Exchange Act) and any members of any such group of which any such affiliate or associate is a part, own beneficially (within the meaning of Rule 13d-3 under the Exchange Act) more than 50% of the outstanding Ordinary Shares, the holder of a Warrant shall be entitled to receive the highest amount of cash, securities or other property to which such holder would actually have been entitled as a shareholder if such Warrant holder had exercised the Warrant prior to the expiration of such tender or exchange offer, accepted such offer and all of the Ordinary Shares held by such holder had been purchased pursuant to such tender or exchange offer, subject to adjustments (from and after the consummation of such tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in Section 10 hereof. If any reclassification also results in a change in Ordinary Shares covered by Section 10, then such adjustment shall be made pursuant to Section 10 and this Section 12. The provisions of this Section shall similarly apply to successive Fundamental Transactions. conveyance.If the holders of the Ordinary Shares Common Stock may elect from choices the kind or amount of securities or and cash receivable upon such Fundamental Transactionreclassification, change, consolidation, merger, combination, sale or conveyance, then for the purpose of this Section 12 the kind and amount of securities or and cash receivable upon such Fundamental Transaction reclassification, change, consolidation, merger, combination, sale or conveyance shall be deemed to be the choice specified by the holder of the Warrant, which specification shall be made by the holder of the Warrant by the later of (A) 20 calendar days after the holder of the Warrant is provided with a final version of all information required by law or regulation to be furnished to holders of Ordinary Shares Common Stock concerning such choice, or if no such information is required, 20 calendar days after the Company notified the holder of the Warrant of all material facts concerning such specification and (B) the last time at which holders of Ordinary Shares Common Stock are permitted to make their specification known to the Company. If the holder of the Warrant fails to make any specification, the holder’s choice shall be deemed to be whatever choice is made by a plurality of holders of Ordinary Shares Common Stock not affiliated with the Company or any other party to the reclassification, change, consolidation, merger, combination, sale or conveyance. Such adjusted Warrants shall provide for adjustments which, for events subsequent to the effective date of such new Warrants, shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 10 and this Section 12. The above provisions of this Section 12 shall similarly apply to successive reclassifications, changes, consolidations, mergers, combinations, sales and conveyances of the kind described above. The Company shall instruct the Warrant Agent to mail by first class mail, postage prepaid, to each registered holder of a Warrant, written notice of the execution of any such amendment, supplement or agreement. Any supplemented or amended agreement entered into by the successor corporation or transferee shall provide for adjustments, which shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 10 and this Section 12. The Warrant Agent shall be under no responsibility to determine the correctness of any provisions contained in such agreement relating either to the kind or amount of securities or other property receivable upon exercise of warrants or with respect to the method employed and provided therein for any adjustments and shall be entitled to rely upon the provisions contained in any such agreement. The provisions of this Section 12 shall similarly apply to successive Fundamental Transactions of the kind described above.

Reclassification, Consolidation, Purchase, Combination, Sale or Conveyance. In case of any reclassification or reorganization of the outstanding Ordinary Shares (other than a change covered by Section 10 hereof or that solely affects the par value of such Ordinary Shares), or in the case of any merger or consolidation of the Company with or merger of the Company into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding Ordinary Shares), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety in connection entirety, such successor or purchasing corporation may, or, with which the Company is dissolved (each a “Fundamental Transaction”), it shall be a condition respect to such Fundamental Transaction that the Company or any successor to the Company in the Fundamental Transaction (“Successor”) either (i) if the Ordinary Shares of the Company or any Successor are traded on a national securities exchange (as defined in the Act) after the Fundamental Transaction, assume or remain bound by each outstanding Warrant or deliver in exchange for each outstanding Warrant a written instrument substantially similar its obligations hereunder to the Warrant entitling Agent, and in accordance with Section 24 hereof, shall assume the obligations hereunder, and may execute with the Company an agreement that each holder shall have the right thereafter upon payment of the Warrant holders Price in effect immediately prior to purchase, in lieu of the Ordinary Shares of the Company immediately theretofore purchasable and receivable such transaction to purchase upon the exercise of the rights represented thereby, the Ordinary Shares of the Company or any Successor at an Exercise Price equitably adjusted to reflect the terms of the Fundamental Transaction or (ii) if the Ordinary Shares of the Company or any Successor are not so traded, deliver in exchange for each outstanding Warrant a written instrument substantially similar to the Warrant entitling the Warrant holders to purchase, in lieu of the Ordinary Shares of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or and other securities or and property (including cash) receivable upon such Fundamental Transaction, that the Warrant which each holder would have received if owned or would have been entitled to receive after the happening of such consolidation, merger, sale or conveyance had such Warrant holder had been exercised his, her or its Warrant(s) immediately prior to such event provided, that (i) if the holders of Ordinary Shares were entitled to exercise a right of election as to the kind or amount of securities, cash or other assets receivable upon such consolidation or merger, then the kind and amount of securities, cash or other assets for which each Warrant shall become exercisable shall be deemed to be the weighted average of the kind and amount received per share by the holders of Ordinary Shares in such Fundamental Transaction that affirmatively make such election, (ii) if a tender or exchange offer shall have been made to and accepted by the holders of Ordinary Shares under circumstances in which, upon completion of such tender or exchange offer, the maker thereof, together with members of any group (within the meaning of Rule 13d-5(b)(1) under the Exchange Act) of which such maker is a part, and together with any affiliate or associate of such maker (within the meaning of Rule 12b-2 under the Exchange Act) and any members of any such group of which any such affiliate or associate is a part, own beneficially (within the meaning of Rule 13d-3 under the Exchange Act) more than 50% of the outstanding Ordinary Shares, the holder of a Warrant shall be entitled to receive the highest amount of cash, securities or other property to which such holder would actually have been entitled as a shareholder if such Warrant holder had exercised the Warrant prior to the expiration of such tender or exchange offer, accepted such offer and all of the Ordinary Shares held by such holder had been purchased pursuant to such tender or exchange offer, subject to adjustments (from and after the consummation of such tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in Section 10 hereof. If any reclassification also results in a change in Ordinary Shares covered by Section 10, then such adjustment shall be made pursuant to Section 10 and this Section 12. The provisions of this Section shall similarly apply to successive Fundamental Transactions. If the holders of the Ordinary Shares may elect from choices the kind or amount of securities or cash receivable upon such Fundamental Transaction, then for the purpose of this Section 12 the kind and amount of securities or cash receivable upon such Fundamental Transaction shall be deemed to be the choice specified by the holder of the Warrant, which specification shall be made by the holder of the Warrant by the later of (A) 20 calendar days after the holder of the Warrant is provided with a final version of all information required by law or regulation to be furnished to holders of Ordinary Shares concerning such choice, or if no such information is required, 20 days after the Company notified the holder of the Warrant of all material facts concerning such specification and (B) the last time at which holders of Ordinary Shares are permitted to make their specification known to the Company. If the holder of the Warrant fails to make any specification, the holder’s choice shall be deemed to be whatever choice is made by a plurality of holders of Ordinary Shares not affiliated with the Company or any other party to the reclassification, change, consolidation, merger, combination, sale or conveyance. Such adjusted Warrants shall provide for adjustments which, for events subsequent to the effective date of such new Warrants, shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 10 and this Section 12. The above provisions of this Section 12 shall similarly apply to successive reclassifications, changes, consolidations, mergers, combinations, sales and conveyances of the kind described aboveaction. The Company shall instruct the Warrant Agent to mail by first class mail, postage prepaid, to each registered holder of a Warrantholder, written notice of the execution of any such amendment, supplement or agreement. Any supplemented or amended Such agreement entered into by the successor corporation or transferee shall provide for adjustments, which shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 10 and this Section 12. The Warrant Agent shall be under no responsibility to determine the correctness of any provisions contained in such agreement relating either to the kind or amount of securities or other property receivable upon exercise of warrants or with respect to the method employed and provided therein for any adjustments and shall be entitled to rely upon the provisions contained in any such agreement. The provisions of this Section 12 shall similarly apply to successive Fundamental Transactions consolidations, mergers, sales or conveyances. In the event that such successor corporation does not execute such an agreement with the Company as provided above, then each holder shall be entitled to exercise outstanding Warrants, during a period of at least 30 days, which period shall terminate at least 5 days prior to consummation of the kind described aboveconsolidation, merger, sale or conveyance, and thereby receive consideration in the transaction on the same basis as other previously outstanding shares of the same class as the Warrant Shares acquired upon exercise. The Company shall use its best efforts to qualify or register the Warrant Shares issued pursuant to this Paragraph (b) under the laws of the states in which the holders reside and under applicable federal securities laws where no exemption from registration or qualification is available. Warrants not exercised in accordance with this Paragraph (b) before consummation of the transaction will be canceled and become null and void. The Company shall mail by first class mail, postage prepaid, to each holder, at least 10 days prior to the first date on which the Warrants shall become exercisable, notice of the proposed transaction setting forth the first and last date on which the holder may exercise outstanding Warrants and a description of the terms of this Warrant providing for cancellation of the Warrants in the event that Warrants are not exercised by the prescribed date.

Reclassification, Consolidation, Purchase, Combination, Sale or Conveyance. In case of any reclassification or reorganization of the outstanding Ordinary Shares (other than a change covered by Section 10 hereof or that solely affects the par value of such Ordinary Shares), or in the case of any merger or consolidation of the Company with or merger of the Company into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding Ordinary Shares), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety in connection entirety, such successor or purchasing corporation may, or, with which the Company is dissolved (each a “Fundamental Transaction”), it shall be a condition respect to such Fundamental Transaction that the Company or any successor to the Company in the Fundamental Transaction (“Successor”) either (i) if the Ordinary Shares of the Company or any Successor are traded on a national securities exchange (as defined in the Act) after the Fundamental Transaction, assume or remain bound by each outstanding Warrant or deliver in exchange for each outstanding Warrant a written instrument substantially similar its obligations hereunder to the Warrant entitling Agent, and in accordance with Section 24 hereof, shall assume the obligations hereunder, and may execute with the Company an agreement that each holder shall have the right thereafter upon payment of the Warrant holders Price in effect immediately prior to purchase, in lieu of the Ordinary Shares of the Company immediately theretofore purchasable and receivable such transaction to purchase upon the exercise of the rights represented thereby, the Ordinary Shares of the Company or any Successor at an Exercise Price equitably adjusted to reflect the terms of the Fundamental Transaction or (ii) if the Ordinary Shares of the Company or any Successor are not so traded, deliver in exchange for each outstanding Warrant a written instrument substantially similar to the Warrant entitling the Warrant holders to purchase, in lieu of the Ordinary Shares of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or and other securities or and property (including cash) receivable upon such Fundamental Transaction, that the Warrant which each holder would have received if owned or would have been entitled to receive after the happening of such consolidation, merger, sale or conveyance had such Warrant holder had been exercised his, her or its Warrant(s) immediately prior to such event provided, that (i) if the holders of Ordinary Shares were entitled to exercise a right of election as to the kind or amount of securities, cash or other assets receivable upon such consolidation or merger, then the kind and amount of securities, cash or other assets for which each Warrant shall become exercisable shall be deemed to be the weighted average of the kind and amount received per share by the holders of Ordinary Shares in such Fundamental Transaction that affirmatively make such election, (ii) if a tender or exchange offer shall have been made to and accepted by the holders of Ordinary Shares under circumstances in which, upon completion of such tender or exchange offer, the maker thereof, together with members of any group (within the meaning of Rule 13d-5(b)(1) under the Exchange Act) of which such maker is a part, and together with any affiliate or associate of such maker (within the meaning of Rule 12b-2 under the Exchange Act) and any members of any such group of which any such affiliate or associate is a part, own beneficially (within the meaning of Rule 13d-3 under the Exchange Act) more than 50% of the outstanding Ordinary Shares, the holder of a Warrant shall be entitled to receive the highest amount of cash, securities or other property to which such holder would actually have been entitled as a shareholder if such Warrant holder had exercised the Warrant prior to the expiration of such tender or exchange offer, accepted such offer and all of the Ordinary Shares held by such holder had been purchased pursuant to such tender or exchange offer, subject to adjustments (from and after the consummation of such tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in Section 10 hereof. If any reclassification also results in a change in Ordinary Shares covered by Section 10, then such adjustment shall be made pursuant to Section 10 and this Section 12. The provisions of this Section shall similarly apply to successive Fundamental Transactions. If the holders of the Ordinary Shares may elect from choices the kind or amount of securities or cash receivable upon such Fundamental Transaction, then for the purpose of this Section 12 the kind and amount of securities or cash receivable upon such Fundamental Transaction shall be deemed to be the choice specified by the holder of the Warrant, which specification shall be made by the holder of the Warrant by the later of (A) 20 calendar days after the holder of the Warrant is provided with a final version of all information required by law or regulation to be furnished to holders of Ordinary Shares concerning such choice, or if no such information is required, 20 days after the Company notified the holder of the Warrant of all material facts concerning such specification and (B) the last time at which holders of Ordinary Shares are permitted to make their specification known to the Company. If the holder of the Warrant fails to make any specification, the holder’s choice shall be deemed to be whatever choice is made by a plurality of holders of Ordinary Shares not affiliated with the Company or any other party to the reclassification, change, consolidation, merger, combination, sale or conveyance. Such adjusted Warrants shall provide for adjustments which, for events subsequent to the effective date of such new Warrants, shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 10 and this Section 12. The above provisions of this Section 12 shall similarly apply to successive reclassifications, changes, consolidations, mergers, combinations, sales and conveyances of the kind described aboveaction. The Company shall instruct the Warrant Agent to mail by first class mail, postage prepaid, to each registered holder of a Warrant­each holder, written notice of the execution of any such amendment, supplement or agreement. Any supplemented or amended Such agreement entered into by the successor corporation or transferee shall provide for adjustments, which shall be as nearly equivalent as may be practicable to the adjustments provided for in Section 10 and this Section 12. The Warrant Agent shall be under no responsibility to determine the correctness of any provisions contained in such agreement relating either to the kind or amount of securities or other property receivable upon exercise of warrants or with respect to the method employed and provided therein for any adjustments and shall be entitled to rely upon the provisions contained in any such agreement. The provisions of this Section 12 shall similarly apply to successive Fundamental Transactions consolidations, mergers, sales or conveyances. In the event that such successor corporation does not execute such an agreement with the Company as provided above, and the Warrants are currently exercisable, then each holder shall be entitled to exercise outstanding Warrants, during a period of at least 30 days, which period shall terminate at least 5 days prior to consummation of the kind described aboveconsolidation, merger, sale or conveyance, and thereby receive consideration in the transaction on the same basis as other previously outstanding shares of the same class as the Warrant Shares acquired upon exercise. The Company shall use its best efforts to qualify or register the Warrant Shares issued pursuant to this Paragraph (b) under the laws of the states in which the holders reside and under applicable federal securities laws where no exemption from registration or qualification is available. Warrants not exercised in accordance with this Paragraph (b) before consummation of the transaction will be canceled and become null and void. The Company shall mail by first class mail, postage prepaid, to each holder, at least 10 days prior to the first date on which the Warrants shall become exercisable, notice of the proposed transaction setting forth the first and last date on which the holder may exercise outstanding Warrants and a description of the terms of this Warrant providing for cancellation of the Warrants in the event that Warrants are not exercised by the prescribed date.