Common use of Common Share Reorganization Clause in Contracts

Common Share Reorganization. If, during the Exercise Period, the Corporation shall: (i) issue Common Shares or securities exchangeable for or convertible into Common Shares without the receipt of any consideration therefor to all or substantially all of the holders of the Common Shares by way of stock dividend or other distribution (other than as Dividends Paid in the Ordinary Course); or (ii) subdivide, redivide or change its outstanding Common Shares into a greater number of Common Shares; or (iii) reduce, combine or consolidate its outstanding Common Shares into a lesser number of Common Shares, (any of such events in subsections 13.2(i), 13.2(ii) and 13.2(iii) being called a “Common Share Reorganization”), then the number of Warrants represented by this Certificate shall be adjusted as of the effective date or record date, as the case may be, at which the holders of Common Shares are determined for the purpose of the Common Share Reorganization by multiplying the number of Warrants represented hereby prior to the Common Share Reorganization by a fraction, the numerator of which shall be the number of Common Shares outstanding as of the effective date or record date after giving effect to such Common Share Reorganization (including, in the case where securities exchangeable for or convertible into Common Shares are distributed, the number of Common Shares that would have been outstanding had such securities been exchanged for or converted into Common Shares on such record date or effective date) and the denominator of which shall be the number of Common Shares outstanding on such effective date or record date before giving effect to such Common Share Reorganization.

Common Share Reorganization. If, during If at any time after the date hereof and before the Time of Exercise Period, the Corporation shallCorporation: (ia) issue Common Shares or securities exchangeable for or convertible into Common Shares without the receipt of any consideration therefor issues to all or substantially all of the holders of the Common Shares by way of a stock distribution, stock dividend or other distribution otherwise, Common Shares or securities exchangeable for or convertible into Common Shares (other than as Dividends Paid in the Ordinary Course“Convertible Securities”); or, (iib) subdivide, redivide or change subdivides its outstanding Common Shares into a greater number of Common Shares; , or (iiic) reduce, combine or consolidate consolidates its outstanding Common Shares into a lesser number of Common Shares, or a record date for any of the foregoing events occurs (any of such events in subsections 13.2(ithese clauses (a), 13.2(ii(b) and 13.2(iii(c) being called a “Common Share Reorganization”), then the number of Warrants represented by this Certificate shall Common Shares obtainable upon the exercise of each Special Warrant will be adjusted as of the effective record date or record date, as the case may be, at which the holders of Common Shares are determined for the purpose of the Common Share Reorganization by multiplying the number of Warrants represented hereby Common Shares theretofore obtainable on the exercise thereof immediately prior to the Common Share Reorganization such record date by a fraction, the numerator of which shall will be the number of Common Shares outstanding as of the effective date or such record date after giving effect to such Common Share Reorganization (including, in the case where securities exchangeable for or convertible into Common Shares are distributed, the number of Common Shares that would have been outstanding had such securities been exchanged for or converted into Common Shares on such record date or effective date) and the denominator of which shall will be the number of Common Shares outstanding on such effective date or the record date before giving effect to such Common Share Reorganization. For the purposes of determining the number of Common Shares outstanding at any particular time for the purposes of this Subsection 4.02(1), there will be included that number of Common Shares which would have resulted from the conversion at that time of all Convertible Securities.