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OFS-1.7.17

If debt securities are:

(a) Redeemable by the issuer, either in whole or in part, by an issue of shares;
(b) Convertible into shares, either in whole or in part, by the holder; or
(c) Issued in conjunction with separate options to subscribe for shares;

then, the terms of the issue of the securities must provide for all appropriate adjustments to the conversion rights in the event of any alteration to the capital of the issuer, and whether the holders of the debt securities and/or options have any participating rights in the event of a takeover offer for the issuer.

January 2014