(2) The number of Class A Shares or Class B Shares of the Corporation, as the case may be, issued on
conversion to each holder of Class C Shares, Class D Shares or Equity Debentures of the Corporation shall be such number as results in an aggregate holding by each holder of Class A Shares or Class B Shares, as the case may be, equal to the number of Class A Shares or Class B Shares, as the case may b
e, that such holder would have held had such holder, or in the case of a Class A holder, its predecessors in title in respect of its Clas
...[+++]s A Shares, subscribed for and been issued, Class A Shares or Class B Shares, as the case may be, rather than Class D Shares and Equity Debentures.