Common use of Rights Issues of Other Securities Clause in Contracts

Rights Issues of Other Securities. issue of any securities (other than Shares or options, warrants or other rights to subscribe for, purchase or otherwise acquire Shares) to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class by way of rights, options, warrants or other rights to subscribe for, purchase or otherwise acquire any securities (other than Shares or options, warrants or other rights to subscribe for, purchase or otherwise acquire Shares), the Conversion Rejection Price shall be adjusted by multiplying the Conversion Rejection Price in force immediately before such issue or grant by the following fraction: A – B A A is the Current Market Price of one Share on the date on which such issue or grant is publicly announced; and B is the fair market value on the date of such announcement of the portion of the rights attributable to one Share. Such adjustment shall become effective on the date of issue of the securities or the issue or grant of such rights, options or warrants (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants, as the case may be.

Rights Issues of Other Securities. If and whenever the Issuer shall issue of any securities (other than Shares or options, warrants or other rights to subscribe for, for or purchase or otherwise acquire Shares) to all or substantially all Shareholders as a class, by way of rights, or the issue or grant by the Issuer to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class by way of rights, any options, warrants or other rights to subscribe for, for or purchase or otherwise acquire acquire, any securities (other than Shares or options, warrants or other rights to subscribe for, for or purchase or otherwise acquire Shares), the Conversion Rejection Price shall be adjusted by multiplying the Conversion Rejection Price in force immediately before such issue or grant by the following fraction: A – B A where: A is the Current Market Price of one Share on the last Trading Day preceding the date on which such issue or grant is publicly announced; and B is the fair market value Fair Market Value on the date of such announcement of the portion of the rights attributable to one Share. Such adjustment shall become effective on the date of issue of the securities or the issue or grant of such rights, options or warrants (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants, as the case may be).

Rights Issues of Other Securities. If and whenever the Company shall issue of any securities (other than Shares or options, warrants or other rights to subscribe for, purchase or otherwise acquire Shares) to all or substantially all Shareholders as a class by way of rights, or issue rights or grant to all or substantially all Shareholders as a class by way of rights, options, warrants or other rights to subscribe for, purchase or otherwise acquire any securities (other than Shares or options, warrants or other rights to subscribe for, purchase or otherwise acquire Shares), the Conversion Rejection Price shall be adjusted by multiplying the Conversion Rejection Price in force immediately before such issue or grant by the following fraction: ___A – B - B___ A Where: A is the Current Market Price of one Share on the date on which such issue or grant is publicly announced; and B is the fair market value Fair Market Value on the date of such announcement of the portion of the rights attributable to one (1) Share. Such adjustment shall become effective on the date of issue of the securities or the issue or grant of such rights, options or warrants (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants, warrants as the case may be.

Rights Issues of Other Securities. If and whenever the Issuer shall issue of any securities (other than Shares or options, warrants or other rights to subscribe for, for or purchase or otherwise acquire Shares) to all or substantially all Shareholders as a class class, by way of rights, or the issue or grant to all or substantially all Shareholders as a class by way of rights, of any options, warrants or other rights to subscribe for, for or purchase or otherwise acquire acquire, any securities (other than Shares or options, warrants or other rights to subscribe for, for or purchase or otherwise acquire Shares), the Conversion Rejection Exercise Price shall be adjusted by multiplying the Conversion Rejection Exercise Price in force immediately before such issue or grant by the following fraction: A – − B A where: A is the Current Market Price of one Share on the last Trading Day preceding the date on which such issue or grant is publicly announced; and B is the fair market value Fair Market Value on the date of such announcement of the portion of the rights attributable to one Share. Such adjustment shall become effective on the date of issue of the securities or the issue or grant of such rights, options or warrants (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants, as the case may be).