Common use of Adjustments to Conversion Ratios Clause in Contracts

Adjustments to Conversion Ratios. The number of Ordinary Shares that the holders of Share Rights are entitled to receive as a result of the occurrence of an Exchange Event shall be equitably adjusted to reflect appropriately the effect of any share subdivision, share consolidation, share dividend, reorganization, recapitalization, reclassification, combination, exchange of shares or other like change with respect to the Ordinary Shares occurring on or after the date hereof and prior to the Exchange Event. For the avoidance of doubt, no adjustment shall be made to the number of Ordinary Shares that the holders of Share Rights are entitled to receive as a result of the occurrence of an Exchange Event solely as a result of an adjustment to the conversion ratio of the Company’s Class B ordinary shares, $0.0001 par value per share (the “Class B Ordinary Shares”) into Ordinary Shares or the conversion of any Class B Ordinary Shares into Ordinary Shares, in each case, pursuant to the Articles.