Common use of Adjustment of Purchase Price, Number of Shares or Number of Rights Clause in Contracts

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of Exchangeable Shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Exchangeable Shares payable in Exchangeable Shares, (B) subdivide the outstanding Exchangeable Shares, (C) combine the outstanding Exchangeable Shares into a smaller number of Exchangeable Shares or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a), the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Shares transfer books of the Company were open, he would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification; (ii) Subject to Section 24 of this Agreement, in the event any Person becomes an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name of the Acquiring Person and any Associates and Affiliates of the Acquiring Person known to the Company, and (B) each holder of a Right (other than any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of such number of Exchangeable Shares, such other number of Exchangeable Shares of the Company as shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of Exchangeable Shares for which a Right is then exercisable and dividing that product by (y) 50% of the then current per share market price of the Exchangeable Shares (determined pursuant to Section 11(d) hereof) on the date of the occurrence of such event. From and after the occurrence of such event, any Rights that are or were acquired or beneficially owned by an Acquiring Person (or any Associate or Affiliate of any Acquiring Person) shall be void and any holder of such Rights shall thereafter have no right to exercise such Rights under any provision of this Agreement. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. In the event that any Person shall become an Acquiring Person and any Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. 8

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of Exchangeable Shares shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Exchangeable Shares Common Stock payable in Exchangeable Sharesshares of the Common Stock, (B) subdivide the outstanding Exchangeable SharesCommon Stock, (C) combine the outstanding Exchangeable Shares Common Stock into a smaller number of Exchangeable Shares shares or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Shares Common Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a)) and Section 7(e) hereof, the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Shares Common Stock transfer books of the Company were open, he would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification; (ii. If an event occurs which would require an adjustment under both Section 11(a)(i) Subject to and Section 24 of 11(a)(ii), the adjustment provided for in this Agreement, Section 11(a)(i) shall be in the event any Person becomes an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name of the Acquiring Person and any Associates and Affiliates of the Acquiring Person known to the Companyaddition to, and (B) each holder of a Right (other than shall be made prior to any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of such number of Exchangeable Shares, such other number of Exchangeable Shares of the Company as shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of Exchangeable Shares for which a Right is then exercisable and dividing that product by (y) 50% of the then current per share market price of the Exchangeable Shares (determined adjustment required pursuant to Section 11(d) hereof) on the date of the occurrence of such event. From and after the occurrence of such event, any Rights that are or were acquired or beneficially owned by an Acquiring Person (or any Associate or Affiliate of any Acquiring Person) shall be void and any holder of such Rights shall thereafter have no right to exercise such Rights under any provision of this Agreement. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. In the event that any Person shall become an Acquiring Person and any Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. 811(a)(ii).

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number and kind of Exchangeable Shares shares or other property covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Exchangeable Shares payable in Exchangeable Shares, (B) subdivide the outstanding Exchangeable Shares, (C) combine the outstanding Exchangeable Shares into a smaller number of Exchangeable Shares or (D) issue any shares of its capital stock issued in a such reclassification of the Exchangeable Common Shares outstanding immediately following such time and the denominator of which shall be the total number of Common Shares outstanding immediately prior to such time, and the number of Rights that shall thereafter be issued with respect to each Common Share or share of such other capital stock that shall become outstanding thereafter prior to the Distribution Date shall be equal to the total number of outstanding Rights immediately after such event (including any as adjusted pursuant to this clause (1)) divided by the total number of outstanding Common Shares or shares of such reclassification in connection with a consolidation or merger in which other capital stock immediately after such event (subject to further adjustment pursuant to the Company is the continuing or surviving corporationprovisions of this Agreement), except as otherwise provided in this Section 11(a), ; (2) the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock issuable on such date, reclassification shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Shares transfer books of the Company were open, he would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification; (ii) Subject to Section 24 of this Agreement, in the event any Person becomes an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name of the Acquiring Person and any Associates and Affiliates of the Acquiring Person known to the Company, and (B) each holder of a Right (other than any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of such number of Exchangeable Shares, such other number of Exchangeable Shares of the Company as thereafter shall equal the result obtained by (x) multiplying dividing the then current Purchase Price in effect immediately prior to such time by the Exchange Ratio; PROVIDED, HOWEVER, that in no event shall the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon exercise of such Right; and (3) the number of Exchangeable Common Shares or shares of such other capital stock issuable upon the exercise of each Right shall remain unchanged immediately after such event, but, in the event of a reclassification, the kind of shares issuable upon the exercise of each Right immediately after such reclassification shall be adjusted to be the kind of shares of such other capital stock issued in such reclassification, rather than Common Shares. If an event occurs which would require an adjustment under both this Section 11(a)(i) and Section 11(a)(ii) hereof, the adjustment provided for which a Right is then exercisable in this Section 11(a)(i) shall be in addition to, and dividing that product by (y) 50% of the then current per share market price of the Exchangeable Shares (determined shall be made prior to, any adjustment required pursuant to Section 11(d11(a)(ii) hereof) on the date of the occurrence of such event. From and after the occurrence of such event, any Rights that are or were acquired or beneficially owned by an Acquiring Person (or any Associate or Affiliate of any Acquiring Person) shall be void and any holder of such Rights shall thereafter have no right to exercise such Rights under any provision of this Agreement. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. In the event that any Person shall become an Acquiring Person and any Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. 8.

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of Exchangeable Preferred Shares or interests therein covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Exchangeable Preferred Shares payable in Exchangeable Preferred Shares, (B) subdivide the outstanding Exchangeable Preferred Shares, (C) combine the outstanding Exchangeable Preferred Shares into a smaller number of Exchangeable Preferred Shares or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Preferred Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a), the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock or interests therein issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock or interests therein which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Preferred Shares transfer books of the Company were open, he would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification; . (ii) Subject to Section 24 of this Agreement, in the event any Person becomes shall become an Acquiring Person, (A) the Company proper provision shall provide notice thereof to the Rights Agent, including the name of the Acquiring Person and any Associates and Affiliates of the Acquiring Person known to the Company, and (B) be made so that each holder of a Right (other than any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) Right, except as provided below, shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares one one-hundredth interests in a Preferred Share for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of interests in Preferred Shares, such number of Exchangeable Shares, such other number of Exchangeable Common Shares of the Company as shall equal the result obtained by (xA) multiplying the then current Purchase Price by the then number of Exchangeable Shares one one- hundredth interests in a Preferred Share for which a Right is then exercisable and dividing that product by (yB) 50% of the then current per share market price of the Exchangeable Company's Common Shares (determined pursuant to Section 11(d) hereof)) on the date of such Person became an Acquiring Person. Notwithstanding the occurrence of such event. From foregoing, from and after the occurrence of such event, any Rights that are or were acquired or beneficially owned by an Acquiring Person (or any Associate or Affiliate of any Acquiring Person) shall be void and any holder of such Rights shall thereafter have no right to exercise such Rights under any provision of this Agreement. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. In the event that any Person shall become an Acquiring Person and any Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. 8such

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of Exchangeable Preferred Shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (ia)(i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Exchangeable Preferred Shares payable in Exchangeable Preferred Shares, (B) subdivide the outstanding Exchangeable Preferred Shares, (C) combine the outstanding Exchangeable Preferred Shares into a smaller number of Exchangeable Preferred Shares or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Preferred Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a), the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Preferred Shares transfer books of the Company were open, he such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification; provided, however, that in no event shall the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon exercise of one Right. If an event occurs which would require an adjustment under both Section 11(a)(i) and Section 11(a)(ii), the adjustment provided for in this Section 11(a)(i) shall be in addition to, and shall be made prior to any adjustment required pursuant to Section 11(a)(ii). (ii) Subject to Section 24 of this Agreement, in the event that any Person becomes an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name of the Acquiring Person and any Associates and Affiliates of the Acquiring Person known to the Company, and (B) each holder of a Right (other than any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares one one-hundredths of a Preferred Share for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of Preferred Shares, such number of Exchangeable Shares, such other number of Exchangeable Common Shares of the Company as shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of Exchangeable Shares one one- hundredths of a Preferred Share for which a Right is then exercisable and dividing that product by (y) 50% of the then current per share market price Current Per Share Market Price of the Exchangeable Company's Common Shares (determined pursuant to Section 11(d) hereof) on the date of the occurrence of such event. From In the event that any Person shall become an Acquiring Person and the Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. Notwithstanding anything in this Agreement to the contrary, from and after the first occurrence of such eventan event in which any Person shall become an Acquiring Person, any Rights that are or were acquired or beneficially owned by (A) an Acquiring Person or an Associate or Affiliate of an Acquiring Person, (B) a transferee of an Acquiring Person (or of any such Associate or Affiliate Affiliate) who becomes a transferee after the Acquiring Person becomes such, or (C) a transferee of an Acquiring Person (or of any such Associate or Affiliate) who becomes a transferee prior to or concurrently with the Acquiring PersonPerson becoming such and receives such Rights pursuant to either (1) a transfer (whether or not for consideration) from the Acquiring Person to holders of equity interests in such Acquiring Person or to any Person with whom the Acquiring Person has any continuing agreement, arrangement or understanding regarding the transferred Rights or (2) a transfer which the Board of Directors, upon approval by a majority of the Continuing Directors, has determined is part of a plan, arrangement or understanding which has as a primary purpose or effect the avoidance of this Section 11(a)(ii), shall be become null and void without any further action and any no holder of such Rights shall thereafter have no right any rights whatsoever with respect to exercise such Rights Rights, whether under any provision of this AgreementAgreement or otherwise. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. In the event that any Person shall become an Acquiring Person and any Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. 89

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of Exchangeable Shares covered by each one-hundredths of a share of Preferred Stock for which a Right is exercisable and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on subdivide, combine, reclassify or otherwise change the Exchangeable Shares payable in Exchangeable Shares, (B) subdivide the outstanding Exchangeable Shares, (C) combine the outstanding Exchangeable Shares into a smaller number of Exchangeable Shares or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a)Preferred Stock, the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination combination, reclassification or reclassificationother change, and the number and kind of shares of capital stock issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Shares Preferred Stock transfer books of the Company were open, he such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination combination, reclassification or reclassification; other change. (ii) Subject to Section 24 of this Agreement, in the event that any Person becomes should become an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name of the Acquiring Person and any Associates and Affiliates of the Acquiring Person known to the Company, and (B) each holder of a Right (other than any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares one one-hundredths of a share of Preferred Stock for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of shares of Preferred Stock, such number of Exchangeable Shares, such other number shares of Exchangeable Shares Common Stock of the Company as shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of Exchangeable Shares one one-hundredths of a share of Preferred Stock for which a Right is then exercisable and dividing that product by (y) 50% of the then current per share market price of the Exchangeable Shares Common Stock of the Company (determined pursuant to Section 11(d13(g) hereof) on the date of the occurrence of such event; provided, however, that if the transaction that would otherwise give rise to the foregoing adjustment is also subject to the provisions of Section 13 hereof, then the provisions of Section 13 hereof shall apply to such transaction and the provisions of this Section 11(a)(ii) shall not apply to such transaction and no adjustment shall be made pursuant to this Section 11(a)(ii). In the event that any Person shall become an Acquiring Person and the Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. From and after the occurrence of such event, any Rights that are or were acquired or beneficially owned by an any Acquiring Person (or any Associate or Affiliate of any such Acquiring Person) shall be void and any holder of such Rights shall thereafter have no right to exercise such Rights under any provision of this Agreement. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. (iii) In the event that any Person there shall become an Acquiring Person and any not be suf- ficient shares of Common Stock issued but not outstanding or authorized but unissued to permit the exercise in full of the Rights shall then be outstandingin accordance with the foregoing subparagraph (ii), the Company shall not take any all such action which would eliminate or diminish the benefits intended as may be necessary to be afforded by authorize additional shares of Common Stock for issuance upon exercise of the Rights. 8In the event the Company shall, after good faith effort, be unable to take all such action as may be necessary to authorize such additional shares of Common Stock, the Company shall substitute, for each share of Common Stock that would otherwise be issuable upon exercise of a Right, a number of shares of Preferred Stock or fraction thereof such that the current per share market price of one share of Preferred Stock multiplied by such number or fraction is equal to the current per share market price of one share of Common Stock as of the date of issuance of such shares of Preferred Stock or fraction thereof. (b) For the purpose of any computation hereunder, the "current per share market price" of the Preferred Stock shall be determined in accordance with the method set forth in Section 13(g). If the Preferred Stock is not publicly traded, the "current per share market price" of the Preferred Stock shall be conclusively deemed to be the current per share market price of the Common Stock as determined pursuant to Section 13(g) (appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof), multiplied by one hundred. If neither the Common Stock nor the Preferred Stock is publicly held or so listed or traded, "current per share market price" shall mean the fair value per share as determined in good faith by the Board of Directors, whose determination shall be described in a statement filed with the Rights Agent. (c) If as a result of an adjustment made pursuant to Section 11(a), the holder of any Right thereafter exercised shall become entitled to receive any shares of capital stock of the Company other than Preferred Stock, thereafter the number of such other shares so receivable upon exercise of any Right shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the shares of the Preferred Stock contained in Sections 7, 9, 10, 11 and 13, which provisions shall apply on like terms to any such other shares. (d) In the event there shall be a stock dividend, split (by way of dividend or otherwise), subdivision, combination or reclassification of the Common Stock prior to the Distribution Date, the Rights shall be properly adjusted to take account thereof. (e) Irrespective of any adjustment or change in the Purchase Price or the number of shares of Preferred Stock (or fractions thereof) issuable upon the exercise of the Rights, the Right Certificates theretofore and thereafter issued may continue to express the Purchase Price per one-hundredth of a share and the number of shares which were expressed in the initial Right Certificates issued hereunder and under the Original Rights Agreement. (f) Before taking any action that would cause an adjustment reducing the Purchase Price below the then par value of the shares of Preferred Stock issuable upon exercise of the Rights, the Company shall take any lawful corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable shares of Preferred Stock at such adjusted Purchase Price. Section 12.

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of Exchangeable Preferred Shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Exchangeable Preferred Shares payable in Exchangeable Preferred Shares, (B) subdivide or split the outstanding Exchangeable Preferred Shares into a greater number of Preferred Shares, (C) combine the outstanding Exchangeable Preferred Shares into a smaller number of Exchangeable Preferred Shares or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Preferred Shares (including any such reclassification in connection with a consolidation consolidation, merger or merger statutory share exchange in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a), the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, split, combination or reclassification, and the number and kind of shares of Preferred Shares (or other capital stock stock) issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock Preferred Shares which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Preferred Shares transfer books of the Company were open, he the holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, split, combination or reclassification; (ii) Subject provided, however, that in no event shall the consideration to Section 24 be paid upon the exercise of this Agreement, in one Right be less than the event any Person becomes an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name aggregate par value of the Acquiring Person and any Associates and Affiliates shares of the Acquiring Person known to the Company, and (B) each holder of a Right (other than any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of such number of Exchangeable Shares, such other number of Exchangeable Shares capital stock of the Company as issuable upon exercise of one Right. If an event occurs which would require an adjustment under both this Section 11(a)(i) and Section 11(a)(ii) hereof, the adjustment provided for in this Section 11(a)(i) shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of Exchangeable Shares for which a Right is then exercisable be in addition to, and dividing that product by (y) 50% of the then current per share market price of the Exchangeable Shares (determined shall be made prior to, any adjustment required pursuant to Section 11(d11(a)(ii) hereof) on the date of the occurrence of such event. From and after the occurrence of such event, any Rights that are or were acquired or beneficially owned by an Acquiring Person (or any Associate or Affiliate of any Acquiring Person) shall be void and any holder of such Rights shall thereafter have no right to exercise such Rights under any provision of this Agreement. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. In the event that any Person shall become an Acquiring Person and any Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. 8.

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of Exchangeable Preferred Shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Exchangeable Preferred Shares payable in Exchangeable Preferred Shares, (B) subdivide the outstanding Exchangeable Preferred Shares, (C) combine the outstanding Exchangeable Preferred Shares into a smaller number of Exchangeable Preferred Shares or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Preferred Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a), the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Preferred Shares transfer books of the Company were open, he would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification; provided, however, that in no event shall the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon exercise of one Right. (ii) Subject to Section 24 of this Agreement, in the event any Person becomes an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name of the Acquiring Person and any Associates and Affiliates of the Acquiring Person known to the Company, and (B) each holder of a Right (other than any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares one one-hundredths of a Preferred Share for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of Preferred Shares, such number of Exchangeable Shares, such other number of Exchangeable Common Shares of the Company as shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of Exchangeable Shares for which one one-hundredths of a Right is then exercisable and dividing that product by (y) 50% of the then current per share market price of the Exchangeable Shares (determined pursuant to Section 11(d) hereof) on the date of the occurrence of such event. From and after the occurrence of such event, any Rights that are or were acquired or beneficially owned by an Acquiring Person (or any Associate or Affiliate of any Acquiring Person) shall be void and any holder of such Rights shall thereafter have no right to exercise such Rights under any provision of this Agreement. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. In the event that any Person shall become an Acquiring Person and any Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. 8Preferred Share

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number and kinds of Exchangeable Shares securities covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Exchangeable Shares Preferred Stock payable in Exchangeable Sharesshares of Preferred Stock, (B) subdivide the outstanding Exchangeable Sharesshares of Preferred Stock, (C) combine the outstanding Exchangeable Shares Preferred Stock into a smaller number of Exchangeable Shares shares Preferred Stock, or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Shares Preferred Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a), the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock issuable on such datefor which the Rights shall be exercisable, shall be proportionately adjusted so that the holder of any Right Rights exercised after such time shall be entitled to receive receive, upon payment of the Purchase Price then in effect, the aggregate number and kind of shares of capital stock which, if such Right Rights had been exercised immediately prior to such date and at a time when the Exchangeable Shares applicable transfer books of the Company were open, he such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification; (ii) Subject provided, however, that in no event shall the consideration to Section 24 be paid upon the exercise of this Agreement, in one Right be less than the event any Person becomes an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name aggregate par value of the Acquiring Person shares of capital stock issuable upon exercise of one Right. If an event occurs which would require an adjustment under both this Section 11(a)(i) and any Associates and Affiliates of Section 11(a)(ii) hereof, the Acquiring Person known to the Companyadjustment provided for in this Section 11(a)(i) shall be in addition, and (B) each holder of a Right (other than shall be made prior, to any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of such number of Exchangeable Shares, such other number of Exchangeable Shares of the Company as shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of Exchangeable Shares for which a Right is then exercisable and dividing that product by (y) 50% of the then current per share market price of the Exchangeable Shares (determined adjustment required pursuant to Section 11(d11(a)(ii) hereof) on the date of the occurrence of such event. From and after the occurrence of such event, any Rights that are or were acquired or beneficially owned by an Acquiring Person (or any Associate or Affiliate of any Acquiring Person) shall be void and any holder of such Rights shall thereafter have no right to exercise such Rights under any provision of this Agreement. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. In the event that any Person shall become an Acquiring Person and any Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. 813.

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of Exchangeable Preferred Shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement Agreement: (A) declare a dividend on the Exchangeable Preferred Shares payable in Exchangeable Preferred Shares, (B) subdivide the outstanding Exchangeable Preferred Shares, (C) combine the outstanding Exchangeable Preferred Shares into a smaller number of Exchangeable Preferred Shares or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Preferred Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a), the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Preferred Shares transfer books of the Company were open, he such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification; (iiprovided, however, that in no event shall the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon exercise of one Right. If an event occurs which would require an adjustment under both Section 11(a)(i) and Section 11(a)(ii), the adjustment provided for in this Section 11(a)(i) shall be in addition to, and shall be made prior to any adjustment required pursuant to Section 11(a)(ii). Subject to Section 24 of this Agreement, in the event that any Person becomes an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name of the Acquiring Person and any Associates and Affiliates of the Acquiring Person known to the Company, and (B) each holder of a Right (other than any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) shall thereafter have a right to receive, upon exercise thereof thereof, at a price equal to the then then-current Purchase Price multiplied by the number of Exchangeable Shares one one-thousandths of a Preferred Share for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of Preferred Shares, such number of Exchangeable Shares, such other number of Exchangeable Common Shares of the Company as shall equal the result obtained by (x) multiplying the then then- current Purchase Price by the number of Exchangeable Shares one one-thousandths of a Preferred Share for which a Right is then exercisable and dividing that product by (y) 50% of the then current per share market price then-Current Per-Share Market Price of the Exchangeable Company's Common Shares (determined pursuant to Section 11(d) hereof) on the date of the occurrence of such event. From Except as provided in Section 23(C), in the event that any Person shall become an Acquiring Person and the Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. Notwithstanding anything in this Agreement to the contrary, from and after the first occurrence of such eventan event in which any Person shall become an Acquiring Person, any Rights that are or were acquired or beneficially owned by (A) an Acquiring Person or an Associate or Affiliate of an Acquiring Person, (B) a transferee of an Acquiring Person (or of any such Associate or Affiliate Affiliate) who becomes a transferee after the Acquiring Person becomes such, or (C) a transferee of an Acquiring Person (or of any such Associate or Affiliate) who becomes a transferee prior to or concurrently with the Acquiring PersonPerson becoming such and receives such Rights pursuant to either (1) a transfer (whether or not for consideration) from the Acquiring Person to holders of equity interests in such Acquiring Person or to any Person with whom the Acquiring Person has any continuing agreement, arrangement or understanding regarding the transferred Rights or (2) a transfer which the Board of Directors has determined is part of a plan, arrangement or understanding which has as a primary purpose or effect the avoidance of this Section 11(a)(ii), shall be become null and void without any further action and any no holder of such Rights shall thereafter have no right any rights whatsoever with respect to exercise such Rights Rights, whether under any provision of this AgreementAgreement or otherwise. No Right Rights Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Rights Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Rights Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. The Company shall use all reasonable efforts to ensure that the provisions of this Section 11(a)(ii) are complied with, but shall have no liability to any holder of Rights Certificates or other Person as a result of its failure to make any determinations with respect to an Acquiring person or its Affiliates, Associates or transferees hereunder. The right to buy Common Shares of the Company pursuant to subparagraph (ii) of this paragraph (a) shall not arise if the event causing such Person to become an Acquiring Person (A) is a consolidation, merger, sale, transfer or similar transaction subject to Section 13 hereof, or (B) is an acquisition of shares of Common Stock pursuant to a tender offer or an exchange offer for all outstanding Common Shares at a price and on terms determined by the Board of Directors of the Company, and after receiving advice from one or more investment banking firms, to be (1) at a price which is fair to stockholders (taking into account all factors which such members of the Board of Directors deem relevant including, without limitation, prices which could reasonably be achieved if the Company or its assets were sold in an orderly basis designed to realize maximum value) and (2) otherwise in the best interests of the Company and its stockholders. In lieu of issuing Common Shares in accordance with Section 11(a)(ii) hereof, the Company may, if the Board of Directors of the Company determines that such action is necessary or appropriate and not contrary to the interest of holders of Rights (and, in the event that the number of Common Shares which are authorized by the Company's Certificate of Incorporation but not outstanding or reserved for issuance for purposes other than upon exercise of the Rights are not sufficient to permit the exercise in full of the Rights, or if any necessary regulatory approval for such issuance has not been obtained by the Company), the Company shall: (A) determine the excess of (1) the value of the Common Shares issuable upon the exercise of a Right (the "Current Value") over (2) the Purchase Price (such excess being referred to as the "Spread") and (B) with respect to each Right, make adequate provision to substitute for such Common Shares, upon exercise of the Rights: (1) cash, (2) a reduction in the Purchase Price, (3) other equity securities of the Company (including, but without limitation, shares or units of shares of any series of preferred stock which the Board of Directors of the Company has deemed to have the same value as Common Shares (such shares or units of shares of preferred stock are herein called "common stock equivalents")), except to the extent that the Company has not obtained any necessary regulatory approval for such issuance, (4) debt securities of the Company, except to the extent that the Company has not obtained any necessary regulatory approval for such issuance, (5) other assets or (6) any combination of the foregoing, having an aggregate value equal to the Current Value, based upon the advice of a nationally recognized investment banking firm selected by the Board of Directors of the Company, the Board of Directors of the Company shall determine such aggregate value; provided, however, if the Company shall not have made adequate provision to deliver value pursuant to clause (B) above within thirty (30) days following the occurrence of an event described in Section 11(a)(ii), then the Company shall be obligated to deliver, upon the surrender for exercise of a Right and without requiring payment of the Purchase Price, Common Shares (to the extent available), except to the extent that the Company has not obtained any necessary regulatory approval for such issuance, and then, if necessary, cash, which shares and/or cash have an aggregate value equal to the Spread. If the Board of Directors shall determine in good faith that it is likely that sufficient additional Common Shares could be authorized for issuance upon exercise in full of the Rights or that any necessary regulatory approval for such issuance will be obtained, the thirty (30) day period set forth above may be extended to the extent necessary, but not more than ninety (90) days after the occurrence of an event described in Section 11(a)(ii), in order that the Company may seek stockholder approval for the authorization of such additional shares or take action to obtain such regulatory approval (such period, as it may be extended, the "Substitution Period"). To the extent that the Company determines that some action need be taken pursuant to the first and/or second sentences of this Section 11(a)(iv), the Company (x) shall provide that such action shall apply uniformly to all outstanding Rights held by holders entitled to receive Common Shares or other securities or property upon exercise of such Rights and (y) may suspend the exercisability of the Rights until the expiration of the Substitution Period in order to seek any authorization of additional shares, to take any action to obtain any required regulatory approval and/or to decide the appropriate form of distribution to be made pursuant to such first sentence and to determine the value thereof. In the event of any such suspension, the Company shall issue a public announcement stating that the exercisability of the Rights has been temporarily suspended, as well as a public announcement at such time as the suspension is no longer in effect and shall promptly notify the Rights Agent of such suspension. For purposes of this Section 11(a)(iv), the value of the Common Shares shall be the Current Per-Share Market Price (as determined pursuant to Section 11(d) hereof) of the Common Shares at the Close of Business on the date of the occurrence of one of the events described in Section 11(a)(ii) and the value of any "Common Stock Equivalent" shall be deemed to have the same value as the Common Shares on such date. In the event that any Person the Company shall become an Acquiring Person fix a record date for the issuance of rights, options or warrants to all holders of Preferred Shares entitling them (for a period expiring within 45 calendar days after such record date) to subscribe for or purchase Preferred Shares (or shares having the same rights, privileges and any preferences as the Preferred Shares ("Equivalent Preferred Shares")) or securities convertible into Preferred Shares or equivalent preferred shares at a price per Preferred Share or Equivalent Preferred Share (or having a conversion price per share, if a security convertible into Preferred Shares or Equivalent Preferred Shares) less than the then-Current Per- Share Market Price of the Preferred Shares (as defined in Section 11(d)) on such record date, the Purchase Price to be in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the number of Preferred Shares outstanding on such record date plus the number of Preferred Shares which the aggregate offering price of the total number of Preferred Shares and/or equivalent preferred shares so to be offered (and/or the aggregate initial conversion price of the convertible securities so to be offered) would purchase at such current market price and the denominator of which shall be the number of Preferred Shares outstanding on such record date plus the number of additional Preferred Shares and/or Equivalent Preferred Shares to be offered for subscription or purchase (or into which the convertible securities so to be offered are initially convertible). In case such subscription price may be paid in a consideration part or all of which shall be in a form other than cash, the value of such consideration, shall be as determined in good faith by the Board of Directors of the Company, whose determination shall be described in a statement filed with the Rights Agent and shall then be outstanding, binding on the Rights Agent and the holders of the Rights. Preferred Shares owned by or held for the account of the Company shall not take be deemed outstanding for the purpose of any action such computation. Such adjustment shall be made successively whenever such a record date is fixed; and in the event that such rights, options or warrants are not so issued, the Purchase Price shall be adjusted to be the Purchase Price which would eliminate then be in effect if such record date had not been fixed. In case the Company shall fix a record date for the making of a distribution to all holders of the Preferred Shares (including any such distribution made in connection with a consolidation or diminish merger in which the benefits intended Company is the continuing or surviving corporation) of evidences of indebtedness or assets (other than a regular quarterly cash dividend or a dividend payable in Preferred Shares) or subscription rights or warrants (excluding those referred to in Section 11(b) hereof), the Purchase Price to be afforded in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the then current per share market price of the Preferred Shares on such record date, less the fair market value (as determined in good faith by the RightsBoard of Directors of the Company whose determination shall be described in a statement filed with the Rights Agent) of the portion of the assets or evidences of indebtedness so to be distributed or of such subscription rights or warrants applicable to one Preferred Share and the denominator of which shall be such current per share market price of the Preferred Shares. 8Such adjustments shall be made successively whenever such a record date is fixed; and in the event that such distribution is not so made, the Purchase Price shall again be adjusted to be the Purchase Price which would then be in effect if such record date had not been fixed.

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of Exchangeable Preferred Shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Exchangeable Preferred Shares payable in Exchangeable Preferred Shares, (B) subdivide the outstanding Exchangeable Preferred Shares, (C) combine the outstanding Exchangeable Preferred Shares into a smaller number of Exchangeable Preferred Shares or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Preferred Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporationPerson), except as otherwise provided in this Section 11(a), the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Preferred Shares transfer books of the Company were open, he such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification; (iiprovided, however, that in no event shall the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon exercise of one Right. If an event occurs which would require an adjustment under both Section 11(a)(i) and Section 11(a)(ii) hereof, the adjustment provided for in this Section 11(a)(i) shall be in addition to, and shall be made prior to any adjustment required pursuant to Section 11(a)(ii) hereof. Subject to Section 24 hereof and the provisions of the next paragraph of this AgreementSection 11(a)(ii), in the event any Person becomes shall become an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name of the Acquiring Person and any Associates and Affiliates of the Acquiring Person known to the Company, and (B) each holder of a Right (other than shall, for a period of 60 days after the later of such time any Rights that are or were acquired or beneficially owned by any Person becomes an Acquiring Person or the effective date of an appropriate registration statement filed under the Act pursuant to Section 9 hereof (provided, however that, if at any time prior to the expiration or termination of the Rights there shall be a temporary restraining order, a preliminary injunction, an injunction, or temporary suspension by any Associate the Board of Directors, or Affiliate similar obstacle to exercise of any Acquiring Personthe Rights (the "Injunction") which prevents exercise of the Rights, a new 60-day period shall thereafter commence on the date the Injunction is removed), have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares one-ten thousandths of a Preferred Share for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of Preferred Shares, such number of Exchangeable Shares, such other number of Exchangeable Common Shares of the Company as shall equal the result obtained by (xA) multiplying the then current Purchase Price by the number of Exchangeable Shares one-ten thousandths of a Preferred Share for which a Right is then exercisable and dividing that product by (yB) 50% of the then current per share market price of the Exchangeable Common Shares (determined pursuant to Section 11(d) hereof) on the date such Person became an Acquiring Person; provided, however, that if the transaction that would otherwise give rise to the foregoing adjustment is also subject to the provisions of Section 13 hereof, then only the occurrence provisions of such eventSection 13 hereof shall apply and no adjustment shall be made pursuant to this Section 11(a)(ii). From In the event that any Person shall become an Acquiring Person and the Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. Notwithstanding anything in this Agreement to the contrary, from and after the occurrence of such eventtime any Person becomes an Acquiring Person, any Rights that are or were acquired or beneficially owned by (i) such Acquiring Person or an Associate or Affiliate of such Acquiring Person, (ii) a transferee of such Acquiring Person (or of any such Associate or Affiliate Affiliate) who becomes a transferee after the Acquiring Person became such, or (iii) a transferee of such Acquiring Person (or of any such Associate or Affiliate) who becomes a transferee prior to or concurrently with the Acquiring Person's becoming such and receives such Rights pursuant to either (A) a transfer (whether or not for consideration) from the Acquiring Person to holders of equity interests in such Acquiring Person or to any Person with whom the Acquiring Person has any continuing agreement, arrangement or understanding regarding the transferred Rights or (B) a transfer which the Board of Directors has determined is part of a plan, agreement, arrangement or understanding which has as a primary purpose or effect the avoidance of this Section 11(a)(ii), shall be become null and void without any further action and any no holder of such Rights shall thereafter have no right any rights whatsoever with respect to exercise such Rights Rights, whether under any provision of this AgreementAgreement or otherwise. No The Company shall notify the Rights Agent when this Section 11(a)(ii) shall apply and shall use all reasonable efforts to insure that the provisions of this Section 11(a)(ii) and Section 4(b) hereof are complied with, but neither the Company nor the Rights Agent shall have any liability to any holder of Right Certificate shall be issued pursuant Certificates or other Person as a result of the Company's failure to Section 3 that represents Rights beneficially owned by make any determinations with respect to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate its Affiliates, Associates or Affiliate thereof; no transferees hereunder. No Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be null and void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be null and void pursuant to the preceding sentence shall be canceled. In lieu of issuing Common Shares in accordance with Section 11(a)(ii) hereof, the Company may, if a majority of the Board of Directors then in office determines that such action is necessary or appropriate and not contrary to the interests of holders of Rights, elect to (and, in the event that the Board of Directors has not exercised the exchange right contained in Section 24(c) hereof and there are not sufficient treasury shares and authorized but unissued Common Shares to permit the exercise in full of the Rights in accordance with the foregoing subparagraph (ii), the Company shall) take all such action as may be necessary to authorize, issue or pay, upon the exercise of the Rights, cash (including by way of a reduction of the Purchase Price), property, Common Shares, other securities or any Associate or Affiliate combination thereof having an aggregate value equal to the value of the Common Shares that otherwise would have been issuable pursuant to Section 11(a)(ii) hereof, which aggregate value shall be cancelleddetermined by a nationally recognized investment banking firm selected by a majority of the Board of Directors then in office. For purposes of the preceding sentence, the value of the Common Shares shall be determined pursuant to Section 11(d) hereof. Any such election by the Board of Directors must be made within 60 days following the date on which the event described in Section 11(a)(ii) hereof shall have occurred. Following the occurrence of the event described in Section 11(a)(ii) hereof, a majority of the Board of Directors then in office may suspend the exercisability of the Rights for a period of up to 60 days following the date on which the event described in Section 11(a)(ii) hereof shall have occurred to the extent that such directors have not determined whether to exercise their rights of election under this Section 11(a)(iii). In the event that of any Person shall become an Acquiring Person and any Rights shall then be outstandingsuch suspension, the Company shall issue a public announcement (with prompt written notice to the Rights Agent thereof) stating that the exercisability of the Rights has been temporarily suspended. In case the Company shall fix a record date for the issuance of rights, options or warrants to all holders of Preferred Shares entitling them (for a period expiring within 45 calendar days after such record date) to subscribe for or purchase Preferred Shares (or shares having the same designations and the powers, preferences and rights, and the qualifications, limitations and restrictions as the Preferred Shares ("equivalent preferred shares")) or securities convertible into Preferred Shares or equivalent preferred shares at a price per Preferred Share or equivalent preferred share (or having a conversion price per share, if a security convertible into Preferred Shares or equivalent preferred shares) less than the then current per share market price of the Preferred Shares (as such term is hereinafter defined) on such record date, the Purchase Price to be in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the number of Preferred Shares outstanding on such record date plus the number of Preferred Shares that the aggregate offering price of the total number of Preferred Shares and/or equivalent preferred shares so to be offered (and/or the aggregate initial conversion price of the convertible securities so to be offered) would purchase at such current market price and the denominator of which shall be the number of Preferred Shares outstanding on such record date plus the number of additional Preferred Shares and/or equivalent preferred shares to be offered for subscription or purchase (or into which the convertible securities so to be offered are initially convertible); provided, however, that in no event shall the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon exercise of one Right. In case such subscription price may be paid in a consideration part or all of which shall be in a form other than cash, the value of such consideration shall be as determined in good faith by the Board of Directors, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes. Preferred Shares owned by or held for the account of the Company shall not take be deemed outstanding for the purpose of any action such computation. Such adjustment shall be made successively whenever such a record date is fixed; and in the event that such rights, options or warrants are not so issued, the Purchase Price shall be adjusted to be the Purchase Price which would eliminate then be in effect if such record date had not been fixed. In case the Company shall fix a record date for the making of a distribution to all holders of the Preferred Shares (including any such distribution made in connection with a consolidation or diminish merger in which the benefits intended Company is the continuing or surviving Person) of evidences of indebtedness or assets (other than a regular quarterly cash dividend or a dividend payable in Preferred Shares) or subscription rights or warrants (excluding those referred to in Section 11(b) hereof), the Purchase Price to be afforded in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the then current per share market price of the Preferred Shares (as such term is hereinafter defined) on such record date, less the fair market value (as determined in good faith by the RightsBoard of Directors, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes) of the portion of the assets or evidences of indebtedness so to be distributed or of such subscription rights or warrants applicable to one Preferred Share and the denominator of which shall be such current per share market price of the Preferred Shares; provided, however, that in no event shall the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company to be issued upon exercise of one Right. 8Such adjustments shall be made successively whenever such a record date is fixed; and in the event that such distribution is not so made, the Purchase Price shall again be adjusted to be the Purchase Price which would then be in effect if such record date had not been fixed.

Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of Exchangeable Common Shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. (a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Exchangeable Common Shares payable in Exchangeable Common Shares, (B) subdivide the outstanding Exchangeable Common Shares, (C) combine the outstanding Exchangeable Common Shares into a smaller number of Exchangeable Common Shares or (D) issue any shares of its capital stock in a reclassification of the Exchangeable Common Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a), the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised immediately prior to such date and at a time when the Exchangeable Common Shares transfer books of the Company were open, he such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification; (ii) Subject provided, however, that in no event shall the consideration to Section 24 be paid upon the exercise of this Agreement, in one Right be less than the event any Person becomes an Acquiring Person, (A) the Company shall provide notice thereof to the Rights Agent, including the name aggregate par value of the Acquiring Person and any Associates and Affiliates shares of the Acquiring Person known to the Company, and (B) each holder of a Right (other than any Rights that are or were acquired or beneficially owned by any Acquiring Person or by any Associate or Affiliate of any Acquiring Person) shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of Exchangeable Shares for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of such number of Exchangeable Shares, such other number of Exchangeable Shares capital stock of the Company as issuable upon exercise of one Right. If an event occurs which would require an adjustment under both Section 11(a)(i) and Section 11(a)(ii), the adjustment provided for in this Section 11(a)(i) shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of Exchangeable Shares for which a Right is then exercisable be in addition to, and dividing that product by (y) 50% of the then current per share market price of the Exchangeable Shares (determined shall be made prior to, any adjustment required pursuant to Section 11(d) hereof) on the date of the occurrence of such event. From and after the occurrence of such event, any Rights that are or were acquired or beneficially owned by an Acquiring Person (or any Associate or Affiliate of any Acquiring Person) shall be void and any holder of such Rights shall thereafter have no right to exercise such Rights under any provision of this Agreement. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned by an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the preceding sentence or any Associate or Affiliate thereof shall be cancelled. In the event that any Person shall become an Acquiring Person and any Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be afforded by the Rights. 811(a)(ii).