Adjustment to exercise ratio and exercise price for warrant pursuant to subdivision/ bonus issue

Adjustment pursuant to the subdivision/ bonus issue

1. Adjusted exercise ratio = (1 + N) x E

2. Adjusted exercise price = (1 / (1 + N)) x K

Where

E: being 1/exercise ratio prior to the subdivision/ bonus issue

N: being the number of additional shares (whether a whole or a fraction) received by a holder of existing shares for each share held prior to the subdivision/ bonus issue

K: being the existing exercise price of warrant immediately prior to the subdivision/ bonus issue