Common use of Prospectus Exemption Clause in Contracts

Prospectus Exemption. The Lender is acquiring the Bonus Shares and the Shares for Debt, if applicable, as principal pursuant to an exemption from the prospectus requirements under section 2.3(1) of NI 45-106, being an "accredited investor" as defined under paragraph (m) of such definition in NI 45-106.

Appears in 2 contracts

Sources: Loan Agreement (KWESST Micro Systems Inc.), Loan Agreement (KWESST Micro Systems Inc.)

Prospectus Exemption. The Lender is acquiring the Bonus Shares and the Shares for Debt, if where applicable, as principal pursuant to an exemption from the prospectus requirements under section 2.3(1) of NI 45-106, and the Lender, being an "accredited investor" as defined under paragraph (m) of such definition in NI 45-106.

Appears in 1 contract

Sources: Loan Agreement (KWESST Micro Systems Inc.)