Common use of Pooling Arrangement Clause in Contracts

Pooling Arrangement. 2.1 The Shareholder agrees that, commencing on the Effective Date and expiring on the earlier of the date the Shareholder holds less than 1% of the outstanding shares of the Company or the date which is 24 months after the Effective Date, it will not transfer, assign, option, sell, dispose of any interest in the Shares (collectively, “Transfer”) other than pursuant to this Agreement or with the written consent of the Company. 2.2 During the period in which the Shares are subject to this Agreement the Shareholder will not Transfer more Shares in any: (a) calendar month than is equal to 10% of the trading volume of the common shares of the Company on a regulated stock exchange (including but not limited to the TSX Venture Exchange) for the preceding calendar month; and (b) calendar week than is equal to 5% of the trading volume of the common shares of the Company on a regulated stock exchange (including but not limited to the TSX Venture Exchange) over the preceding calendar week. 2.3 Upon a Transfer made in accordance with either Section 1.1 or Section 2.2 of this Agreement, the Shares will cease to be governed or affected by this Agreement. 2.4 In addition to being permitted to complete a Transfer under Section 1.1 or Section 2.2, the Shareholder may Transfer any or all of the Shares to any person, provided that such person agrees to be bound by the terms and conditions of this Agreement.