Common use of Stock Dividends and Split-Ups Clause in Contracts

Stock Dividends and Split-Ups. If after the date hereof, and subject to the provisions of Section 4.7 hereof, the number of issued and outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock, or by a split-up of shares of Common Stock, or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be increased in proportion to such increase in the issued and outstanding shares of Common Stock. A rights offering to holders of shares of Common Stock entitling holders to purchase shares of Common Stock at a price less than the “Fair Market Value” (as defined below) shall be deemed a stock dividend of a number of shares of Common Stock equal to the product of (i) the number of shares of Common Stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for the shares of Common Stock) multiplied by (ii) one (1) minus the quotient of (x) the price per share of Common Stock paid in such rights offering divided by (y) the Fair Market Value. For purposes of this subsection 4.1.1, if the rights offering is for securities convertible into or exercisable for shares of Common Stock, in determining the price payable for the shares of Common Stock, there shall be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion. “10-Day Average Closing Price” means, as of any date, the average last reported sale price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to such date. “Fair Market Value” means the 10-Day Average Closing Price as of the first (1st) date on which the shares of Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. Notwithstanding anything to the contrary herein, no shares of Common Stock shall be issued at less than their par value.

Stock Dividends and Split-Ups. If after the date hereof, and subject to the provisions of Section 4.7 hereof4.6 below, the number of issued and outstanding shares of Class A Common Stock is increased by a capitalization or stock dividend payable in shares of Class A Common Stock, or by a split-up of shares of Class A Common Stock, Stock or other similar event, then, on the effective date of such capitalization, stock dividend, stock split-up or similar event, the number of shares of Class A Common Stock issuable on exercise of each Warrant shall be increased in proportion to such increase in the issued and outstanding shares of Class A Common Stock. A rights offering to holders of shares of the Class A Common Stock entitling holders to purchase shares of Class A Common Stock at a price less than the “Fair Market Value” (as defined below) shall be deemed a stock dividend of a number of shares of Class A Common Stock equal to the product of (i) the number of shares of Class A Common Stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for the shares of Class A Common Stock) multiplied by and (ii) one (1) minus the quotient of (x) the price per share of Class A Common Stock paid in such rights offering divided by (y) the Fair Market Value. For purposes of this subsection 4.1.1, (i) if the rights offering is for securities convertible into or exercisable for shares of Class A Common Stock, in determining the price payable for the shares of Class A Common Stock, there shall be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion. conversion and (ii) “10-Day Average Closing PriceFair Market Value” means, as of any date, means the volume weighted average last reported sale price of the Class A Common Stock as reported during the ten (10) trading day period ending on the trading day prior to such date. “Fair Market Value” means the 10-Day Average Closing Price as of the first (1st) date on which the shares of Class A Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. Notwithstanding anything to the contrary herein, no shares of Common Stock shall be issued at less than their par value.

Stock Dividends and Split-Ups. If after the date hereof, and subject to the provisions of Section 4.7 4.6 hereof, the number of issued and outstanding shares of Common Stock Class A Ordinary Shares is increased by a stock dividend payable in shares of Common StockClass A Ordinary Shares, or by a split-up of shares of Common StockClass A Ordinary Shares, or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of Common Stock Class A Ordinary Shares issuable on exercise of each Warrant shall be increased in proportion to such increase in the issued and outstanding shares of Common StockClass A Ordinary Shares. A rights offering to holders of shares of Common Stock Class A Ordinary Shares entitling holders to purchase shares of Common Stock Class A Ordinary Shares at a price less than the “Fair Market Value” (as defined below) shall be deemed a stock dividend of a number of shares of Common Stock Class A Ordinary Shares equal to the product of (i) the number of shares of Common Stock Class A Ordinary Shares actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for the shares of Common StockClass A Ordinary Shares) multiplied by (ii) one (1) minus the quotient of (x) the price per share of Common Stock Class A Ordinary Share paid in such rights offering divided by (y) the Fair Market Value. For purposes of this subsection 4.1.1, if the rights offering is for securities convertible into or exercisable for shares of Common StockClass A Ordinary Shares, in determining the price payable for the shares of Common StockClass A Ordinary Shares, there shall be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion. “10-Day Average Closing Price” means, as of any date, the average last reported sale price of the Common Stock Class A Ordinary Shares as reported during the ten (10) trading day period ending on the trading day prior to such date. “Fair Market Value” means the 10-Day Average Closing Price as of the first (1st) date on which the shares of Common Stock Class A Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. Notwithstanding anything to the contrary herein, no shares of Common Stock Class A Ordinary Shares shall be issued at less than their par value.

Stock Dividends and Split-Ups. If after the date hereof, and subject to the provisions of Section 4.7 4.6 hereof, the number of issued and outstanding shares of Common Stock Class A Ordinary Shares is increased by a stock dividend payable in shares of Common StockClass A Ordinary Shares, or by a split-up of shares of Common StockClass A Ordinary Shares, or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of Common Stock Class A Ordinary Shares issuable on exercise of each Warrant shall be increased in proportion to such increase in the issued and outstanding shares of Common StockClass A Ordinary Shares. A rights offering to holders of shares of Common Stock Class A Ordinary Shares entitling holders to purchase shares of Common Stock Class A Ordinary Shares at a price less than the “Fair Market Value” (as defined below) shall be deemed a stock dividend of a number of shares of Common Stock Class A Ordinary Shares equal to the product of (i) the number of shares of Common Stock Class A Ordinary Shares actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for the shares of Common StockClass A Ordinary Shares) multiplied by (ii) one (1) minus the quotient of (x) the price per share of Common Stock Class A Ordinary Share paid in such rights offering divided by (y) the Fair Market Value. For purposes of this subsection 4.1.1, if the rights offering is for securities convertible into or exercisable for shares of Common StockClass A Ordinary Shares, in determining the price payable for the shares of Common StockClass A Ordinary Shares, there shall be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion. “10-Day Average Closing Price” means, as of any date, the average last reported sale price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to such date. “Fair Market Value” means the 10-Day Average Closing Price as of the first (1st) date on which the shares of Common Stock Class A Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. Notwithstanding anything to the contrary herein, no shares of Common Stock Class A Ordinary Shares shall be issued at less than their par value.