Mirror Warrant. Means a warrant to purchase Ordinary Shares issued by (a) in the case of Spinoff, the issuer of the applicable Spinoff Securities, and (b) in the case of an Exchange Offer, the issuer of the applicable Exchange Securities, and having terms, conditions, exercise rights and exercise price adjustment rights thereof that are identical, or as nearly so as practicable in the good faith judgment of the Company's Supervisory Board, to those of the Warrant for which such Mirror Warrant is exchanged,
... except that (i) the exercise price will be determined as provided in Sections 4.1(i) or 4.1(j), 4 as applicable, (ii) the running of any time periods pursuant to the terms of the Warrant shall be tacked to the corresponding time periods in the Mirror Warrant, and (iii) the Mirror Warrant shall be exercisable for the kind and amount of Spinoff Securities or Exchange Securities, as applicable, and other securities and property that the Holder of the Warrant in respect of which such Mirror Warrant is issued pursuant to the terms hereof would have received (x) in the case of a Spinoff, in such Spinoff had the Warrant been exercised in full immediately prior to the record date for such Spinoff and (y) in the case of an Exchange Offer, upon consummation thereof had such Warrant that such holder elects to tender been exercised in full and Ordinary Shares acquired upon such exercise been tendered in full pursuant to such Exchange Offer prior to the expiration thereof and the same percentage of such tendered shares had been accepted for exchange as the percentage of validly tendered Ordinary Shares were accepted for exchange pursuant to such Exchange Offer, as the case may be. The initial Exercise Price of the Mirror Warrant and the number of Ordinary Shares for which it may be exercised shall be initially established to effectuate the foregoing.
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