Common use of Demerger Clause in Contracts

Demerger. If a demerger of the entire business or a part thereof of the Issuer or one or more of its Subsidiaries occurs prior to the relevant Settlement Date, the Conversion Price will be adjusted in accordance with the following formula: CPa = CP X M—F Where: CPa = the adjusted Conversion Price; CP = the Conversion Price in effect immediately prior to the Adjustment Date (subject to § 10(h)); M = the Average Market Price; and F = the Fair Market Value of the number of Spin-off Shares to which a Shareholder is entitled per Ordinary Share, on the Ex-Date of the demerger, provided that an adjustment will only be made if F > 0.

Demerger. If a demerger of the entire business or a part thereof of the Issuer or one or more of its Subsidiaries occurs prior to the relevant Settlement Date, the Conversion Price will be adjusted in accordance with the following formula: CPa = CP X M—x M - F Where: CPa = the adjusted Conversion Price; CP = the Conversion Price in effect immediately prior to the Adjustment Date (subject to § 10(h)); M = the Average Market Price; and F = the Fair Market Value of the number of Spin-off Shares to which a Shareholder holder of Ordinary Shares is entitled per Ordinary Share, on the Ex-Date of the demerger, provided that an adjustment will only be made if F > 0.

Demerger. If a demerger of the entire business or a part thereof of the Issuer or one or more of its Subsidiaries occurs prior to the relevant Settlement Date, the Conversion Price will be adjusted in accordance with the following formula: CPa = CP X M—F Where: CPa = the adjusted Conversion Price; 3202808770 CP = the Conversion Price in effect immediately prior to the Adjustment Date (subject to § 10(h)); M = the Average Market Price; and F = the Fair Market Value of the number of Spin-off Shares to which a Shareholder is entitled per Ordinary Share, on the Ex-Date of the demerger, provided that an adjustment will only be made if F > 0.