Common use of ADJUSTMENT RIGHTS Clause in Contracts

ADJUSTMENT RIGHTS. In the event of the Class “A” Common Shares or Amalco Shares being at any time subdivided, consolidated, converted or exchanged for a greater or lesser number of shares of the same or another class, appropriate adjustments will be made in the rights and conditions attaching to the Class “A” Common Shares and the Amalco Shares, respectively, so as to preserve in all respects the benefits conferred on the holders of each such class. In the event of any reclassification of Amalco Shares, any amalgamation, merger or other consolidation of the Corporation with another entity, or the transfer of all or substantially all of the Corporation's assets, the holders of the Class “A” Shares will be entitled to receive such securities or other property as if on the effective date of such event they were registered holders of the number of Amalco Shares which such holders of Class “A” Shares were entitled to receive upon the conversion of their Class “A” Shares. No such adjustment will be required to be made unless the cumulative effect of such adjustment or adjustments would change the number of Amalco Shares issuable upon the conversion of the Class “A” Shares by at least one-hundredth of a share, provided that such adjustments not so made shall be carried forward and taken into account at any subsequent adjustment. In addition, no such adjustment shall be made if the holders of the Class “A” Shares are entitled to participate in any such event on the same terms, as though they had converted their Class “A” Shares prior to the occurrence of such event. SCHEDULE "B" To Form 9.