In my case I am just acting as the messenger regarding questions that I have asked. I do believe that information is accurate. 

The conditions:

The escalator clause was already in place. As I have seen in the past companies often include an escalator clause that is discretionary. In other words management gets to decide whether to pull the trigger when the underlying stock reaches the escalator clause threshold. In this case (my understanding) is that the original  warrant did not include a discretionary clause by management and therefore could not be included in this amendment. The exchange also stipulates that the warrant escalator has to be priced at 15% above the strike price of the warrant.

Thanks Rainer.