Common use of Dividend and Split Adjustment Clause in Contracts

Dividend and Split Adjustment. If at any time and from time to time there occurs any Share Combination Event and the Event Market Price (as defined below) is less than the Exercise Price then in effect (after giving effect to the adjustment in clause (i) above), then on the sixteenth (16th) Trading Day immediately following such Share Combination Event, the Exercise Price then in effect on such sixteenth (16th) Trading Day (after giving effect to the adjustment in clause (i) above) shall be reduced (but in no event increased) to the Event Market Price. For the avoidance of doubt, if the adjustment in the immediately preceding sentence would otherwise result in an increase in the Exercise Price hereunder, no adjustment shall be made. “Event Market Price” means, with respect to any Share Combination Event Date, the quotient determined by dividing (x) the sum of the VWAP of the Ordinary Shares for each of the five (5) lowest Trading Days during the twenty (20) consecutive Trading Day period ending and including the Trading Day immediately preceding the sixteenth (16th) Trading Day after such Share Combination Event Date, divided by (y) five (5).

Dividend and Split Adjustment. If at any time and from time to time there occurs any Share Combination Event and the Event Market Price (as defined below) is less than the Exercise Conversion Price then in effect (after giving effect to the adjustment in clause (i) above), then on the sixteenth (16th) Trading Day immediately following such Share Combination Event, the Exercise Conversion Price then in effect on such sixteenth (16th) Trading Day (after giving effect to the adjustment in clause (i) above) shall be reduced (but in no event increased) to the Event Market Price. For the avoidance of doubt, if the adjustment in the immediately preceding sentence would otherwise result in an increase in the Exercise Conversion Price hereunder, no adjustment shall be made. “Event Market Price” means, with respect to any Share Combination Event Date, the quotient determined by dividing (x) the sum of the VWAP of the Ordinary Shares for each of the five (5) lowest Trading Days during the twenty (20) consecutive Trading Day period ending and including the Trading Day immediately preceding the sixteenth (16th) Trading Day after such Share Combination Event Date, divided by (y) five (5).