Common use of Adjustments in Exercise Price Clause in Contracts

Adjustments in Exercise Price. 4.4.1 Whenever the number of Ordinary Shares purchasable upon the exercise of the Warrants is adjusted, as provided in Sections 4.1 and 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price, immediately prior to such adjustment, by a fraction, (a) the numerator of which shall be the number of Ordinary Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (b) the denominator of which shall be the number of Ordinary Shares so purchasable immediately thereafter, provided that no adjustment shall be made to the Warrant Price if this would result in the Warrant Price falling below the par value of the Ordinary Shares. In such cases, the Warrant Price would be equal to the par value of the Ordinary Shares.

Adjustments in Exercise Price. 4.4.1 4.3.1 Whenever the number of Ordinary Shares purchasable upon the exercise of the Warrants is adjusted, as provided in Sections 4.1 and subsection 4.1.1 or Section 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price, Price immediately prior to such adjustment, adjustment by a fraction, fraction (ax) the numerator of which shall be the number of Ordinary Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (by) the denominator of which shall be the number of Ordinary Shares so purchasable immediately thereafter, provided that in no adjustment event shall be made to the Warrant Price if this would result in the Warrant Price falling be adjusted to below the par value of the Ordinary Shares. In such cases, the Warrant Price would be equal to the par value of the Ordinary Shares.