Common use of Reduction in Exercise Price; Extension of Expiry Time Clause in Contracts

Reduction in Exercise Price; Extension of Expiry Time. Subject to applicable securities legislation and receipt by the Company of all required approvals (if any) from any Exchange on which the Ordinary Shares are listed, and all applicable securities regulatory authorities, the Company may, at its option, at any time during the term of the Agent's Compensation Options, reduce the then current Exercise Price to any amount or extend the Expiry Time to such time as the board of the directors of the Company may consider appropriate.

Reduction in Exercise Price; Extension of Expiry Time. Subject to applicable securities legislation and receipt by the Company Corporation of all required approvals (if any) from any Exchange stock exchange on which the Ordinary Common Shares are listed, listed and all applicable securities regulatory authorities, the Company Corporation may, at its option, at any time during the term of the Agent's Compensation OptionsWarrants, reduce the then current Exercise Price to any amount or extend the Expiry Time to such time as the board Board of the directors of the Company Directors may consider appropriate.