definiens: shall mean ( i ) the Purchased Shares, together with any Ordinary Shares issued in respect thereof as a result of any stock split, stock dividend, sha re exchange, merger, consolidation or similar recapitalization a nd ( ii ) any Ordinary Shares issued as ( or issuable upon the exercise of any warrant, right or other security th at is issued as ) a dividend or other distribution w ith respect to, or in exchange or in replacement of, the Ordinary S hares described in clause ( i ) of this definition, e xcluding in all cases, however, ( A ) any Registrable Securities if and after they have been transferred to a Permit ted Transferee in a transaction in connection with whic h registration rights granted hereunder are not ass igned or ( B ) any Registrable Securities sold to or through a bro ker or dealer or underwriter in a public distributi on or a public securities transaction