Common use of Articles Amendment Clause in Contracts

Articles Amendment. If the Acquisition is implemented by way of a Scheme, Recipharm AB and Recipharm acknowledge that Consort intends to propose an amendment to the Consort articles of association by the adoption and inclusion of a new article (to be set out in the notice of the Consort General Meeting) under which Consort Shares which are issued after the record date in respect of the Scheme as a result of the vesting of awards or the exercise of options under the Consort Share Plans will, to the extent not otherwise acquired under the Scheme, be transferred to Recipharm for the same consideration as is payable to Consort Shareholders under the Scheme.