Common use of PARTIAL EXERCISE OF SPECIAL WARRANTS Clause in Contracts

PARTIAL EXERCISE OF SPECIAL WARRANTS. (1) The Holder of any Special Warrants may exercise his right to acquire Common Shares and Warrants in part and may thereby acquire a number of Common Shares and Warrants less than the aggregate number which he is entitled to acquire pursuant to the Special Warrant Certificate(s) surrendered in connection therewith. In the event of any acquisition of a number of Common Shares and Warrants less than the number which the Holder is entitled to acquire, he shall, upon exercise thereof, be entitled to receive, without charge therefor, a new Special Warrant Certificate(s) representing the balance of the Common Shares and Warrants which he was entitled to acquire pursuant to the surrendered Special Warrant Certificate(s) and which were not then acquired. (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4, the Company shall not be required, upon the exercise of any Special Warrants, to issue fractions of Common Shares and Warrants or to distribute certificates which evidence the same. Any fractional Common Shares and Warrants to which a Holder is entitled shall be aggregated to form whole Common Shares or Warrants with any remaining fractional Common Shares or Warrants rounded down to a whole Common Share or Warrant.

PARTIAL EXERCISE OF SPECIAL WARRANTS. (1) The Holder of any Special Warrants Warrants, who exercise prior to the Expiry Time, may exercise his right to acquire Common Underlying Shares and Warrants in part and may thereby acquire a number of Common Underlying Shares and Warrants less than the aggregate number which he is entitled to acquire pursuant to the Special Warrant Certificate(s) surrendered in connection therewith, where definitive fully registered Special Warrant Certificates were issued. In the event of any acquisition of a number of Common Underlying Shares and Warrants less than the number which the Holder is entitled to acquire, he shall, upon exercise thereof, be entitled to receive, without charge therefor, a new Special Warrant Certificate(s) representing the balance of the Common Underlying Shares and Warrants which he was entitled to acquire pursuant to the surrendered Special Warrant Certificate(s) and which were not then acquired. (2) Notwithstanding anything herein contained including any adjustment provided for in Article 4, the Company shall not be required, upon the exercise of any Special Warrants, to issue fractions of Common Underlying Shares and Warrants or to distribute certificates which evidence the same. Any fractional Common Underlying Shares and Warrants to which a Holder is entitled shall be aggregated to form whole Common Underlying Shares or Warrants with any remaining fractional Common Underlying Shares or Warrants rounded down to a whole Common Share or WarrantUnderlying Share.