Common use of SHARE SPLIT OR SHARE CONSOLIDATION Clause in Contracts

SHARE SPLIT OR SHARE CONSOLIDATION. 1.1 If the Company splits or consolidates its Common Shares, 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. Number of Common Shares required Adjusted Number to satisfy the exercise of an of Shares = Option x Ratio of share split/ prior to adjustment 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 or consolidates its Common Shares, 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. Number of Common Shares required Adjusted Number = to satisfy the exercise of an of Shares = Option x Ratio of share split/ split/consolidation of Shares Option prior to adjustment 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 or consolidates its Common Shares, the number of Common Shares to be issued/transferred in satisfaction of the exercise of an Option (the Adjusted Number of SharesADJUSTED 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. Number of Common Shares required Adjusted Number = to satisfy the exercise of an of Shares = Option x X Ratio of share split/ of Shares Option prior to adjustment 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 or consolidates its Common Shares, 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. Number of Common Shares required Adjusted Number = to satisfy the exercise of an of Shares = Option x X Ratio of share split/ of Shares Option prior to adjustment 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.