(a) any New Investor who subscribes for the New Shares through a private placement within 31 December 2015 shall be entitled to request each series of Warrants, by submitting the Request Form to the Sponsor, during the relevant Request Period, with the minimum number of Warrants that would maintain the shareholding percentage of such New Investor in the Company as at 31 December 2015 and up to the maximum number as mutually agreed by the relevant New Investor and the respective Sponsor, provided that the requested number of Warrants must be clearly stated in the Adherence Agreement executed by such New Investor at the time of entry (the “Requested Warrants”); and