Common use of Standby Premium Clause in Contracts

Standby Premium. In consideration for providing the covenants hereunder (including under Section 2.4), the Standby Purchaser shall immediately earn and CDB shall issue to the Standby Purchaser on the Closing Date (the “Warrant Issue Date”), such number of common share purchase warrants (“Warrants”) entitling the Standby Purchaser to acquire Warrant Shares equal to the maximum number of Common Shares the Standby Purchaser may acquire under section 6.2 of TSXV Policy 4.5 (the “Standby Premium”). The Warrants are exercisable within five years after the date of issue, having an exercise price equal to the closing price of the Common Shares on the day prior to the announcement of the terms of the Rights Offering, $0.075 per Common Share, and with terms including, among other things, anti-dilution provisions.

Standby Premium. In consideration for providing the covenants hereunder (including under Section 2.4), the Standby Purchaser shall immediately earn and CDB shall issue to the Standby Purchaser on the Closing Date (the “Warrant Issue Date”), such number of common share purchase warrants (“Warrants”) entitling the Standby Purchaser to acquire Warrant Shares equal to the maximum number of Common Shares the Standby Purchaser may acquire under section 6.2 of TSXV Policy 4.5 (the “Standby Premium”). The Warrants are exercisable within five years after the date of issue, having an exercise price equal to the closing price of the Common Shares on the day prior to the announcement of the terms of the Rights Offering, $0.075 0.77 per Common Share, and with terms including, among other things, anti-dilution anti‐dilution provisions.

Standby Premium. In consideration for providing the covenants hereunder (including under Section 2.4), the Standby Purchaser shall immediately earn and CDB CGX shall issue to the Standby Purchaser on the Closing Date (the “Warrant Issue Date”), such number of common share purchase warrants (“Warrants”) entitling the Standby Purchaser to acquire Warrant Shares equal to the maximum 15,009,026 Common Shares or such lesser number of Common Shares as the Standby Purchaser may acquire under section 6.2 of TSXV Policy 4.5 (the “Standby Premium”). The Warrants are exercisable within five years after the date of issue, having an exercise price equal to the closing price of the Common Shares on the day prior to the announcement of the terms of the Rights Offering, $0.075 0.415 per Common Share, and with terms including, among other things, anti-dilution provisions.