definiens: means, subject to Section ​1.5(f ), the total number of Parent ADSs outstanding immediately prior tothe Eﬀective Time expressed on a fully - diluted basis, but assuming, without limitation or duplication, the issuance of ParentADSs in respect of all Parent Ordinary Shares, Parent Options, Parent RSUs, Parent Warrants, and other outstanding options, warrants or rights to receive such shares, in each case, outstanding as of immediately prior to the Eﬀective Time, whetherconditional or unconditional and including any outstanding options, warrants or rights triggered by or associated with theconsummation of the Merger, ( but excluding any Parent ADSs reserved for issuance other than with respect to outstandingParent Options and Parent Warrants as of immediately prior to the Eﬀective Time and as set forth above ) and including, for theavoidance of doubt, any issuance of Parent ADSs or Parent Warrants ( or any change to an exercise of warrants which results ina larger number of Parent Warrants or Parents ADS being issued ) under the Shavit Waiver