Common use of Fremgangsmåde ved udnyttelse af Warrants Clause in Contracts

Fremgangsmåde ved udnyttelse af Warrants. 6.1 Såfremt Indehaveren af en eller flere Warrants helt eller delvist ønsker at udnytte de pågældende Warrants, skal vedkommende fremsende skrift- lig meddelelse herom (”Udnyttelses- meddelelsen”) til Selskabet (dvs. til bestyrelsesformanden). below, however see also clauses 5.3 and 7. 5.2 Any Warrants not exercised during the Exercise Period in clause 5.1 shall lapse without further notice, remuneration or compensation to the Warrant Holder. 5.3 If the Company (represented by the board of directors) and a Warrant Holder so agree, the Warrant Holder can exer- cise some or all of its Warrants earlier than the Exercise Period in clause 5.1. Upon such agreement (in writing), a pe- riod of one (1) week begins (in connec- tion with such agreement between the Company and the Warrant Holder re- ferred to as “Exercise Period”) during which the Warrant Holder can exercise some or all of its Warrants in accordance with clause 6. However, any Warrants not exercised during such Exercise Pe- riod can be exercised during a later Ex- ercise Period (the Exercise Period in clause 5.1 being the latest). 5.4 Regardless of the above, Warrants can- not be exercised in violating of manda- tory legislation, including the EU market abuse regulation.