Common use of Option Closing Clause in Contracts

Option Closing. 11.1 In the event the Over-Allotment Option is exercised, at the Option Closing, subject to the terms and conditions contained in this Agreement, the Company shall issue and deliver to the Underwriters in such locations that the Lead Underwriters advise the Company the certificates (in physical or electronic form as the Lead Underwriters may advise in the notice) representing the Additional Shares to be issued at the Option Closing in the names and denominations reasonably requested by the Underwriters. 11.2 The Option Closing shall occur not more than three business days after the date that the notice of exercise of the Over-Allotment Option has been given in accordance with the terms of the Over-Allotment Option. 11.3 At the Option Closing, the Company shall deliver to the Underwriters such documents set forth in subsection 6.1(w) as the Underwriters may request. 11.4 If the Company has satisfied all of its obligations under this Agreement that are required to be satisfied before or on the Over-Allotment Closing Date, the Underwriters shall pay to the Company by wire transfer the aggregate gross proceeds of the sale of the Additional Shares. The Company shall then pay to the Underwriters by wire transfer of immediately available funds, an amount equal to (i) the Underwriters’ Fee and, (ii) any costs and expenses owing to the Underwriter pursuant to section 7.2. 11.5 The Company and Underwriters agree that the Over-Allotment Option Closing Date may occur on the same date as the Closing Date, subject to the Company’s prior receipt of the notice in accordance with the Over- Allotment Option.

Option Closing. 11.1 In the event the Over-Allotment Option is exercised, at the Option Closing, subject to the terms and conditions contained in this Agreement, the Company shall issue and deliver to the Underwriters in such locations that the Lead Underwriters advise the Company the certificates (in physical or electronic form as the Lead Underwriters may advise in the notice) representing the Additional Shares to be issued at the Option Closing in the names and denominations reasonably requested by the Underwriters. 11.2 The Option Closing shall occur not more than three business days after the date that the notice of exercise of the Over-Allotment Option has been given in accordance with the terms of the Over-Allotment Option. 11.3 At the Option Closing, the Company shall deliver to the Underwriters such documents set forth in subsection 6.1(w) as the Underwriters may request. 11.4 If the Company has satisfied all of its obligations under this Agreement that are required to be satisfied before or on the Over-Allotment Closing Date: (a) if the Over-Allotment Closing Date is the First Tranche Closing Date, the Underwriters shall pay to the Company by wire transfer the aggregate proceeds of the sale of the Additional Shares, less an amount equal to (i) the Underwriters’ Fee and, (ii) any costs and expenses owing to the Underwriter pursuant to section 7.2 to be deducted from the gross proceeds of the offering of the HD Common Shares; or (b) the Underwriters shall pay to the Company by wire transfer the aggregate gross proceeds of the sale of the Additional Shares. The Company shall then pay to the Underwriters by wire transfer of immediately available funds, an amount equal to (i) the Underwriters’ Fee and, (ii) any costs and expenses owing to the Underwriter pursuant to section 7.2. 11.5 The Company and the Underwriters agree that the Over-Allotment Option Closing Date may occur on the same date as the First Tranche Closing Date or the Second Tranche Closing Date, subject to the Company’s prior receipt of the notice in accordance with the Over- Over-Allotment Option.

Option Closing. 11.1 In the event the Over-Allotment Option is exercised, at the Option Closing, subject to the terms and conditions contained in this Agreement, the Company shall issue and deliver to the Underwriters in such locations that the Co-Lead Underwriters advise the Company the certificates (in physical or electronic form as the Co-Lead Underwriters may advise in the notice) representing the Additional Shares to be issued at the Option Closing in the names and denominations reasonably requested by the Underwriters. 11.2 The Option Closing shall occur not more than three business days after the date that the notice of exercise of the Over-Allotment Option has been given in accordance with the terms of the Over-Allotment Option. 11.3 At the Option Closing, the Company shall deliver to the Underwriters such documents set forth in subsection 6.1(w6.1(u) as the Underwriters may request. 11.4 If the Company has satisfied all of its obligations under this Agreement that are required to be satisfied before or Agreement, on the Over-Allotment Closing Date, Date the Underwriters shall pay to the Company by wire transfer the aggregate gross proceeds of the sale of the Additional Shares. The Company shall then pay to the Underwriters by wire transfer of immediately available funds, an amount equal to less (i) the Underwriters’ ' Fee and, and (ii) if so desired by Co-Lead Underwriters, any costs and expenses owing to the Underwriter Underwriters pursuant to section 7.2. 11.5 The Company and Underwriters agree that the Over-Allotment Option Closing Date may occur on the same date as the Closing Date, subject to the Company’s 's prior receipt of the notice in accordance with the Over- Allotment Option.

Option Closing. 11.1 In the event the Over-Allotment Option is exercised, at the Option Closing, subject to the terms and conditions contained in this Agreement, the Company shall issue and deliver to the Underwriters in such locations that the Lead Underwriters advise the Company the certificates (in physical or electronic form as the Lead Underwriters may advise in the notice) representing the Additional Common Shares to be issued at the Option Closing in the names and denominations reasonably requested by the Underwriters. 11.2 The Option Closing shall occur not more than three business days after the date that the notice of exercise of the Over-Allotment Option has been given in accordance with the terms of the Over-Allotment Option. 11.3 At the Option Closing, the Company shall deliver to the Underwriters Underwriters: (a) such documents set forth in subsection 6.1(w6.1(k) except paragraph (i), (vi) and (vii), as the Underwriters may request; and (b) the Compensation Option. 11.4 If the Company has satisfied all of its obligations under this Agreement that are required to be satisfied before or Agreement, on the Over-Allotment Closing Date, Date the Underwriters shall pay to the Company by wire transfer the aggregate gross proceeds of the sale of the Additional Common Shares. The Company shall then pay to the Underwriters by wire transfer of immediately available funds, an amount equal to less (i) the Underwriters’ Underwriting Fee and, and (ii) if so desired by Lead Underwriters, any costs and expenses owing to the Underwriter Underwriters pursuant to section 7.2. 11.5 The Company and Underwriters agree that the Over-Allotment Option Closing Date may occur on the same date as the Closing Date, subject to the Company’s prior receipt of the notice in accordance with the Over- Over-Allotment Option.

Option Closing. 11.1 In (1) If the event Underwriters elect to exercise the Over-Allotment Option is exercisedOption, at the Option ClosingLead Underwriters, subject on behalf of the Underwriters, shall provide written notice (the “Exercise Notice”) to the terms Company not later than the 30th day after the Closing Date, which Exercise Notice shall specify the number of Option Shares to be purchased by the Underwriters and conditions contained the date on which such Offered Shares are to be purchased, which may not be earlier than the Closing Date (the “Option Closing Date”). Pursuant to the Exercise Notice, the Underwriters shall severally, and not jointly, nor jointly and severally, purchase in this Agreementtheir respective percentages set out in Section 17 below, and the Company shall deliver and sell, the number of Option Shares indicated in such notice, in accordance with the provisions of this Underwriting Agreement. (2) The Lead Underwriters, on behalf of the Underwriters, shall deliver the Exercise Notice to the Company at least two Business Days, but not more than five Business Days, prior to the Option Closing Date, provided that if the Closing of the Option is to occur concurrently with the Closing of the issue and deliver to sale of the Underwriters in such locations that the Lead Underwriters advise the Company the certificates (in physical or electronic form as Initial Shares, the Lead Underwriters may advise in deliver the noticeExercise Notice to the Company not later than 12 noon on the Business Day preceding the Closing Date. The purchase and sale of the Option Shares issuable on exercise of the Option, if required, shall be completed at 8:00 a.m. (Toronto time) representing the Additional Shares to be issued at on the Option Closing in Date at such place as the names Underwriters and denominations reasonably requested by the UnderwritersCompany may agree. 11.2 (3) The Option applicable terms, conditions and provisions of this Underwriting Agreement (including the provisions of Section 6 relating to Closing deliveries) shall occur not more than three business days after apply mutatis mutandis to the date that Closing of the notice issuance of any Offered Shares pursuant to the exercise of the Over-Allotment Option has been given in accordance with the terms of the Over-Allotment Option. 11.3 At the Option Closing, the Company shall deliver to the Underwriters such documents set forth in subsection 6.1(w) as the Underwriters may request. 11.4 If the Company has satisfied all of its obligations under this Agreement that are required to be satisfied before or on the Over-Allotment Closing Date, the Underwriters shall pay to the Company by wire transfer the aggregate gross proceeds of the sale of the Additional Shares. The Company shall then pay to the Underwriters by wire transfer of immediately available funds, an amount equal to (i) the Underwriters’ Fee and, (ii) any costs and expenses owing to the Underwriter pursuant to section 7.2. 11.5 The Company and Underwriters agree that the Over-Allotment Option Closing Date may occur on the same date as the Closing Date, subject to the Company’s prior receipt of the notice in accordance with the Over- Allotment Option.

Option Closing. 11.1 In the event the Over-Allotment Option is exercised, at the Option Closing, subject to the terms and conditions contained in this Agreement, the Company shall issue and deliver to the Underwriters in such locations that the Lead Underwriters Underwriter advise the Company the certificates (in physical or electronic form as the Lead Underwriters Underwriter may advise in the notice) representing the Additional Shares to be issued at the Option Closing in the names and denominations reasonably requested by the Underwriters. 11.2 The Option Closing shall occur not more than three business days after the date that the notice of exercise of the Over-Allotment Option has been given in accordance with the terms of the Over-Allotment Option. 11.3 At the Option Closing, the Company shall deliver to the Underwriters such documents set forth in subsection 6.1(w6.1(u) as the Underwriters may request. 11.4 If the Company has satisfied all of its obligations under this Agreement that are required to be satisfied before or on the Over-Allotment Closing Date, the Underwriters shall pay to the Company by wire transfer the aggregate gross proceeds of the sale of the Additional Shares. The Company shall then pay to the Underwriters by wire transfer of immediately available funds, an amount equal to (i) the Underwriters’ Fee and, (ii) any costs and expenses owing to the Underwriter pursuant to section 7.2. 11.5 The Company and Underwriters agree that the Over-Allotment Option Closing Date may occur on the same date as the Closing Date, subject to the Company’s prior receipt of the notice in accordance with the Over- Allotment Option.

Option Closing. 11.1 In the event the Over-Allotment Option is exercised, at the Option Closing, subject to the terms and conditions contained in this Agreement, the Company shall issue and deliver to the Underwriters in such locations that NBF, on behalf of the Lead Underwriters advise Underwriters, advises the Company the certificates (in physical or electronic form as NBF, on behalf of the Lead Underwriters Underwriters, may advise in the notice) representing the Additional Shares to be issued at the Option Closing in the names and denominations reasonably requested by NBF, on behalf of the Underwriters. 11.2 The Option Closing shall occur not more than three business days after the date that the notice of exercise of the Over-Allotment Option has been given in accordance with the terms of the Over-Allotment Option. 11.3 At the Option Closing, the Company shall deliver to the Underwriters such documents set forth in subsection 6.1(w6.1(l) as the Underwriters may request. 11.4 If the Company has satisfied all of its obligations under this Agreement that are required to be satisfied before or Agreement, on the Over-Allotment Closing Date, Date the Underwriters shall pay to the Company by wire transfer the aggregate gross proceeds of the sale of the Additional Shares. The Company shall then pay to the Underwriters by wire transfer of immediately available funds, an amount equal to less (i) the Underwriters’ Fee and, and (ii) if so desired by the Underwriters, any costs and expenses owing to the Underwriter Underwriters pursuant to section 7.2. 11.5 The Company and Underwriters agree that the Over-Allotment Option Closing Date may occur on the same date as the Closing Date, subject to the Company’s prior receipt of the notice in accordance with the Over- Over-Allotment Option.

Option Closing. 11.1 In the event the Over-Allotment Option is exercised, at the Option Closing, subject to the terms and conditions contained in this Agreement, the Company shall issue and deliver to the Underwriters in such locations that the Lead Underwriters may advise the Company the certificates (in physical physical, electronic or electronic such other form as the Lead Underwriters may advise in the noticeadvise) representing the Additional Shares Securities to be issued at the Option Closing in the names and denominations reasonably requested by the Underwriters. 11.2 The Option Closing shall occur not more than three business days after the date that the notice of exercise of the Over-Allotment Option has been given in accordance with the terms of the Over-Allotment Option. 11.3 At the Option Closing, the Company shall deliver to the Underwriters such documents set forth in subsection 6.1(wSection 6.1(k) as the Underwriters may request. 11.4 If the Company has satisfied all of its obligations under this Agreement that are required to be satisfied before or Agreement, on the Over-Over- Allotment Closing Date, Date the Underwriters shall pay to the Company by certified cheque or by wire transfer the aggregate gross proceeds of the sale of the Additional Shares. The Company shall then pay to the Underwriters by wire transfer of immediately available fundsSecurities, an amount equal to less (i) the Underwriters’ Underwriting Fee and, and (ii) any costs and expenses owing to the Underwriter Underwriters pursuant to section Section 7.2. 11.5 The Company and Underwriters agree that the Over-Allotment Option Closing Date may occur on the same date as the Closing Date, subject to the Company’s 's prior receipt of the notice in accordance with the Over- Over-Allotment Option.

Option Closing. 11.1 In the event the Over-Allotment Option is exercised, at the Option Closing, subject to the terms and conditions contained in this Agreement, the Company shall issue and deliver to the Underwriters in such locations that NBF, on behalf of the Lead Underwriters advise Underwriters, advises the Company the certificates (in physical or electronic form as NBF, on behalf of the Lead Underwriters Underwriters, may advise in the notice) representing the Additional Shares Securities to be issued at the Option Closing in the names and denominations reasonably requested by NBF, on behalf of the Underwriters. 11.2 The Option Closing shall occur not more than three business days after the date that the notice of exercise of the Over-Allotment Option has been given in accordance with the terms of the Over-Allotment Option. 11.3 At the Option Closing, the Company shall deliver to the Underwriters such documents set forth in subsection 6.1(w6.1(l) as the Underwriters may request. 11.4 If the Company has satisfied all of its obligations under this Agreement that are required to be satisfied before or Agreement, on the Over-Allotment Closing Date, Date the Underwriters shall pay to the Company by wire transfer the aggregate gross proceeds of the sale of the Additional Shares. The Company shall then pay to the Underwriters by wire transfer of immediately available fundsSecurities, an amount equal to less (i) the Underwriters’ Underwriting Fee and, and (ii) if so desired by the Underwriters, any costs and expenses owing to the Underwriter Underwriters pursuant to section 7.2. 11.5 The Company and Underwriters agree that the Over-Allotment Option Closing Date may occur on the same date as the Closing Date, subject to the Company’s prior receipt of the notice in accordance with the Over- Over-Allotment Option.