As a general rule, adjustments will not be made to
reflect changes in the capital structure of the issuer
where all of the underlying securities outstanding in
the hands of the public (other than dissenters' shares)
are not changed into another security, cash or other
property.
As a general rule. an adjustment that is made in an
option will become effective on the ex-date established
by the primary market for trading in the underlying
security.
22
CONFIDENTIAL - PURSUANT TOEFEESEIMOOM783
P. 6(e)
CONFIDENTIAL SDNY_GM_00183967
EFTA01353420