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