Common use of Conversion Conditions Clause in Contracts

Conversion Conditions. The Special Warrants shall be convertible into the underlying Shares and Warrants automatically upon the third day following: (i) a final prospectus receipt being received in relation to a final long form prospectus clearing the distribution of the Shares and Warrants in Canada and (ii) the Company and the Agent confirming in writing to the special warrant agent that the conditions above have been fulfilled and all other regulatory or other approvals having been received. RELEASE DATE: The earlier of the third day following satisfaction of the Conversion Conditions or the exercise of the Conversion Option.