Template:Nutshell Equity Derivatives 11.2(b)

(i) adjust any of the Initial Price, Strike Price, Equity Notional Amount, Number of Shares, Number of Options, Option Entitlement, Knock-in Price, Knock-out Price, Forward Price, Forward Floor Price, or Forward Cap Price and any other relevant variable under that Transaction as the Calculation Agent thinks necessary to account for that dilution or concentration (but it will not adjust just for changes in volatility, expected dividends, stock loan rate or liquidity) and

(ii) determine the effective dates of any adjustments.