Common use of Modification of Rights and Warrant Instrument Clause in Contracts

Modification of Rights and Warrant Instrument. All or any of the rights attached to the Warrants may from time to time (whether or not the Company is being wound up) be altered or abrogated with the consent of the holders of at least three-fourths of the Warrants of each Series affected by such alteration or abrogation. Such alteration or abrogation approved as aforesaid shall be effected by a majority vote of the Board of Directors executed by the Company and expressed to be supplemental to this Warrant Instrument. Modifications to this Warrant Instrument which are of a formal, minor or technical nature, or made to correct a manifest error, or any modifications which the Directors consider appropriate may be effected by a majority vote of the Board of Directors executed by the Company and expressed to be supplemental to this Warrant Instrument and notice of such alteration or abrogation or modification shall be given by the Company to the Warrant Holders.

Modification of Rights and Warrant Instrument. All or any of the rights for the time being attached to the Warrants may from time to time (whether or not the Company is being wound up) be altered or abrogated with the consent sanction of an extraordinary resolution of the holders of at least three-fourths of the Warrants of each Series affected by such alteration or abrogation. Such alteration or abrogation approved as aforesaid shall be effected by a majority vote of the Board of Directors deed poll executed by the Company and expressed to be supplemental to this Warrant Instrument. Modifications to this Warrant Instrument which are of a formal, minor or technical nature, or made to correct a manifest error, or any modifications which the Directors consider appropriate may be effected by a majority vote of the Board of Directors deed poll executed by the Company and expressed to be supplemental to this Warrant Instrument and notice of such alteration or abrogation or modification shall be given by the Company to the Warrant Holdersholders.