Terms of Units. The terms and provisions applicable to the Units shall be as set forth in Exhibit J hereto.
Terms of Units. The Xxxxxxxxxx xxxnowledges (on its own behalf and, if applicable, on behalf of each person on whose behalf the Subscriber is contracting) that the Units will be issued in connection with the issue and sale of up to 2,102,780 Units by the Corporation on a private placement basis (the "OFFERING") pursuant to an agency agreement (the "AGENCY AGREEMENT") to be dated the Closing Date (as defined in paragraph 6 hereof) between the Corporation, GMP Securities Ltd. ("GMP") and Dlouhy Merchant Group Inc. ("DLOUHY"). Each Unit consists of xxx Xommon Share and one-halx xx x Warrant. The Warrants shall be issued pursuant to an indenture (the "WARRANT INDENTURE") to be entered into at or prior to the Closing (as hereinafter defined) between the Corporation and Computershare Trust Company of Canada (the "WARRANT AGENT"). Each whole Warrant entitles the holder thereof to acquire one additional Common Share for $1.50 for a period of eighteen months from the Closing Date. By its acceptance of this offer, the Corporation covenants, agrees and confirms that the Subscriber will have the benefit of all of the representations, warranties, covenants and conditions provided to or for the benefit of the Subscriber under the Agency Agreement. The Subscriber acknowledges and agrees that the rights of the holders of Warrants may be modified under the and Warrant Indenture pursuant to an extraordinary resolution approved either (i) by the holders of Warrants that attend or are represented at a duly convened meeting of the holders of Warrants representing not less than 66 2/3 percent of the aggregate number of all Warrants then outstanding or (ii) by written consent of the holders of Warrants representing not less than 66 2/3 percent of the aggregate number of all Warrants then outstanding. GMP and Dlouhy are collectively referred to herein as the "AGENTS". Xxxxxxnt to the terms of the Agency Agreement, the Agents shall be entitled to receive as compensation for the sale of Units to Subscribers other than Ventures West 7 Limited Partnership, Ventures West 7 U.S. Limited Partnership and directors, officers and employees of the Corporation a cash commission equal to seven and a half percent (7.50%) of the subscription price paid for by such Subscribers. The Agents shall be entitled to receive as cash compensation for the sale of Units or Common Shares to Ventures West 7 Limited Partnership, Ventures West 7 U.S. Limited Partnership and directors, officers and employees of the Corporation...
Terms of Units. The Notes and Warrants shall be issued pursuant to the provisions of the Note Indenture and the Warrant Indenture, respectively, and shall, in all material respects, have the attributes and characteristics described in the Offering Memorandum.
Terms of Units. The Units will have the powers, privileges and rights, and be subject to the qualifications, limitations and restrictions set forth in this Section 6.02. The terms and provisions of this Section 6.02 may not be amended without the written consent or affirmative vote of a Majority of Members.
Terms of Units
