Common use of SHARE SPLIT OR SHARE CONSOLIDATION Clause in Contracts

SHARE SPLIT OR SHARE CONSOLIDATION. 1.1 If the Company splits (including the case that the Common Shares of the Company are allotted to existing shareholders for free) or consolidates its Common Shares after the Grant Date, the number of Common Shares to be issued/transferred in satisfaction of the exercise of an Option (the Adjusted Number of Shares) shall be adjusted in accordance with the following formula, provided, however, that such adjustment shall be made only with respect to Options that have not yet been exercised at the time of such share split or share consolidation. The Adjusted Number of Shares shall be rounded down to the nearest whole Common Share. Adjusted Number of Shares = Number of Common Shares required to satisfy the exercise of an Option prior to adjustment × Ratio of share split/ consolidation The Company shall promptly notify the Grantee in writing of the Adjusted Number of Shares in the event of a share split or share consolidation by the Company.

SHARE SPLIT OR SHARE CONSOLIDATION. 1.1 If the Company splits (including the case that the Common Shares of the Company are allotted to existing shareholders for free) or consolidates its Common Shares after the Grant Date, the number of Common Shares to be issued/transferred in satisfaction of the exercise of an Option (the Adjusted Number of Shares) shall be adjusted in accordance with the following formula, provided, however, that such adjustment shall be made only with respect to Options that have not yet been exercised at the time of such share split or share consolidation. The Adjusted Number of Shares shall be rounded down to the nearest whole Common Share. Adjusted Number of Shares = Number of Common Shares required to satisfy the exercise of an Option prior to adjustment × Ratio of share split/ split / consolidation The Company shall promptly notify the Grantee in writing of the Adjusted Number of Shares in the event of a share split or share consolidation by the Company.