Common use of Bonus Issues Clause in Contracts

Bonus Issues. If the Company makes a bonus issue of shares or other securities to its shareholders generally (except an issue in lieu of dividends or by way of dividend reinvestment) and no share has been issued in respect of the Warrant before the record date for determining entitlements to the issue, then the number of underlying shares in Common Stock over which the Warrant is exercisable is increased by the number of shares which the Holder would have received if the Holder had exercised the Warrant before the record date for determining entitlements to the issue.

Bonus Issues. If the Company makes a bonus issue of shares Shares or other securities to its existing shareholders generally (except an issue in lieu of dividends or by way of dividend reinvestment) and no share has Warrant Shares have been issued in respect of the Warrant before the record date for determining entitlements to the issue, then the number of underlying shares in Common Stock Warrant Shares over which the Warrant is exercisable is increased by the number of shares which the Warrant Holder would have received if the Warrant Holder had exercised the Warrant before the record date for determining entitlements to the issue.