Common use of Share Dividends; Split Ups Clause in Contracts

Share Dividends; Split Ups. If after the date hereof, and subject to the provisions of Section 6.4 below, the number of outstanding Ordinary Shares is increased by a share dividend payable in Ordinary Shares or by a split-up of Ordinary Shares or other similar event, then, on the effective date thereof, the number of Ordinary Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of Ordinary Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one share dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $10.00 per whole Unit (each Warrant underlying the Units is exercisable for $6.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $10.00 per Unit, each Unit entitling the holder to receive two Ordinary Shares and two Warrants (each Warrant exercisable for $5.00 per share).

Share Dividends; Split Ups. If after the date hereof, and subject to the provisions of Section 6.4 6.3 below, the number of outstanding Ordinary Common Shares is increased by a share dividend payable in Ordinary Common Shares or by a split-up of Ordinary Common Shares or other similar event, then, on the effective date thereof, the number of Ordinary Common Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of Ordinary Common Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one share dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $10.00 per whole Unit (each Warrant underlying the Units is exercisable for $6.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $10.00 per Unit, each Unit entitling the holder to receive two Ordinary Common Shares and two Warrants (each Warrant exercisable for $5.00 3.00 per share).

Share Dividends; Split Ups. If after the date hereof, and subject to the provisions of Section 6.4 6.3 below, the number of outstanding Ordinary Common Shares is increased by a share dividend payable in Ordinary Common Shares or by a split-up of Ordinary Common Shares or other similar event, then, on the effective date thereof, the number of Ordinary Common Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of Ordinary Common Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one share dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $10.00 12.50 per whole Unit (each Warrant underlying the Units is exercisable for $6.00 7.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $10.00 12.50 per Unit, each Unit entitling the holder to receive two Ordinary Common Shares and two Warrants (each Warrant exercisable for $5.00 3.50 per share).

Share Dividends; Split Ups. If after the date hereof, and subject to the provisions of Section 6.4 6.3 below, the number of outstanding Ordinary Common Shares is increased by a share dividend payable in Ordinary Common Shares or by a split-up of Ordinary Common Shares or other similar event, then, on the effective date thereof, the number of Ordinary Common Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of Ordinary Common Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one share dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $10.00 12.50 per whole Unit (each Warrant underlying the Units is exercisable for $6.00 7.50 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $10.00 12.50 per Unit, each Unit entitling the holder to receive two Ordinary Common Shares and two Warrants (each Warrant exercisable for $5.00 3.75 per share).