Common use of Share Dividends and Splits Clause in Contracts

Share Dividends and Splits. If the Corporation, at any time while this Warrant is outstanding: (i) pays a share dividend or otherwise makes a distribution or distributions on its shares of capital stock (“Shares”) or any other equity or equity equivalent securities payable in Shares or other securities of the Corporation, as applicable, (ii) subdivides outstanding Shares into a larger number of Shares, as applicable, (iii) combines (including by way of reverse share split) outstanding Shares into a smaller number of Shares, as applicable, or (iv) issues by reclassification of Shares, or any shares of capital stock of the Corporation, as applicable, then in each case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of Shares, (excluding treasury shares, if any) outstanding immediately before such event and the denominator of which shall be the number of Shares, outstanding immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately increased in the case of share dividend or a subdivision, or proportionately decreased in the case of a combination, such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution or immediately after the effective date in the case of a subdivision, combination or re-classification.

Share Dividends and Splits. If the CorporationCompany, at any time while this Warrant is outstanding: (i) pays a share dividend or otherwise makes a distribution or distributions on its shares of capital stock (“Shares”) or any other equity or equity equivalent securities payable in Shares or other securities of the Corporation, as applicable, (ii) subdivides outstanding Ordinary Shares into a larger number of Sharesshares, as applicable, or (iiiii) combines (including by way of reverse share split) outstanding Ordinary Shares into a smaller number of Shares, as applicable, or (iv) issues by reclassification of Shares, or any shares of capital stock of the Corporation, as applicableshares, then in each case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of Shares, Ordinary Shares (excluding treasury shares, if any) outstanding immediately before such event and of which the denominator of which shall be the number of Shares, Ordinary Shares outstanding immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately increased in the case of share dividend or a subdivision, or proportionately decreased in the case of a combination, adjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged, provided that the Exercise Price per share shall in any case be no lower than the par value of the Ordinary Shares. Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution or and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Share Dividends and Splits. If the CorporationCompany, at any time while this Warrant is outstanding: (i) pays a share dividend or otherwise makes a distribution or distributions on its shares of capital stock (“Common Shares”) or any other equity or equity equivalent securities payable in Shares or other securities of the Corporation, as applicable, (ii) subdivides outstanding Common Shares into a larger number of Shares, as applicableshares, (iii) combines (including by way of reverse share split) outstanding Common Shares into a smaller number of Shares, as applicableshares, or (iv) issues by reclassification of Shares, or the Common Shares any shares of capital stock of the Corporation, as applicableCompany, then in each case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of Shares, Common Shares (excluding treasury shares, if any) outstanding immediately before such event and of which the denominator of which shall be the number of Shares, Common Shares outstanding immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately increased in the case of share dividend or a subdivision, or proportionately decreased in the case of a combination, adjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution or and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Share Dividends and Splits. If the CorporationCompany, at any time while this Warrant is outstanding: (i) pays a share dividend or otherwise makes a distribution or distributions on its shares of capital stock (“Shares”) Common Shares or any other equity or equity equivalent securities payable in Common Shares or other securities (which, for avoidance of doubt, shall not include any Common Shares issued by the Corporation, as applicableCompany upon exercise of this Warrant), (ii) subdivides outstanding Common Shares into a larger number of Shares, as applicableshares, (iii) combines (including by way of reverse share split) outstanding Common Shares into a smaller number of Shares, as applicableshares, or (iv) issues by reclassification of Shares, or the Common Shares any capital shares of capital stock of the Corporation, as applicableCompany, then in each case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of Shares, Common Shares (excluding treasury shares, if any) outstanding immediately before such event and of which the denominator of which shall be the number of Shares, Common Shares outstanding immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately increased in the case of share dividend or a subdivision, or proportionately decreased in the case of a combination, adjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged, subject to the limitation on fractional shares in Section 2(d)(v). Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution or and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.