Common use of The Additional Units Clause in Contracts

The Additional Units. In addition, the Company hereby grants to the Representative, on behalf of the Underwriters in respect of their percentages on Schedule A hereto, the Over-Allotment Option to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, all or a portion of the Additional Units, Additional Unit Shares and/or Additional Unit Warrants as may be necessary to cover over-allotments made in connection with the offering of the Firm Units. The Over-Allotment Option may be exercised by the Underwriters in respect of: (i) Additional Units at the Offering Price; and/or (ii) Additional Unit Shares at the Share Price; and/or (iii) Additional Warrants at the Warrant Price, in any combination of Additional Units, Additional Unit Shares and/or Additional Warrants so long as the aggregate number of Additional Unit Shares and Additional Warrants that may be issued under the Over-Allotment Option does not exceed 1,840,908 Additional Unit Shares and 920,454 Additional Warrants. The Over-Allotment Option granted hereunder may be exercised in whole at any time or in part from time to time within thirty (30) days after the date of this Agreement upon notice by the Representative to the Company (the “Notice of Exercise”). The Notice of Exercise shall set forth (i) the aggregate number of Additional Units, Additional Unit Shares and/or Additional Warrants as to which the Underwriters are exercising the Over-Allotment Option, (ii) the names and denominations in which the Additional Unit Shares to be delivered via DTC, or otherwise, as applicable, (iii) the names and denominations that any Additional Warrant certificates to be issued, as applicable, and (iv) the date of time for delivery of and payment for the Additional Units, Additional Unit Shares and/or Additional Warrants, which shall be on the day that is two (2) business days after the date of the Notice of Exercise or such other time as shall be agreed upon by the Company and the Representative (each such date, an “Option Closing Date” and the purchase price on each Option Closing Date, the “Option Purchase Price”). In connection with an exercise of the Over-Allotment Option, (a) the purchase price to be paid for the Additional Units is equal to the product of the Offering Price multiplied by the number of Additional Units to be purchased, (b) the purchase price to be paid for the Additional Unit Shares is equal to the product of the Share Price multiplied by the number of Additional Unit Shares to be purchased and/or (b) the purchase price to be paid for the Additional Warrants is equal to the product of the Warrant Price multiplied by the number of Additional Warrants to be purchased. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Additional Units, Additional Unit Shares and/or Additional Warrants specified in such notice. Prior to the exercise of the Over-Allotment Option, the Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company, provided that, upon an exercise in part of the Over-Allotment Option, the Representative may cancel the unexercised portion the Over-Allotment Option pursuant to this sentence.

The Additional Units. In addition, the Company hereby grants to the Representative, on behalf of the Underwriters in respect of their percentages on Schedule A hereto, the Over-Allotment Option to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, all or a portion of the Additional Units, Additional Unit Shares and/or Additional Unit Warrants Units as may be necessary to cover over-allotments made in connection with the offering of the Firm Units. The Over-Allotment Option may be exercised by the Underwriters in respect of: (i) Additional Units at the Offering Price; and/or or (ii) Additional Unit Shares at the Share Pricea price of US$1.2676 per Additional Unit Share; and/or or (iii) Additional Warrants at the Warrant Price, in a price of US$0.2649 per Additional Warrant; or (iv) any combination of Additional Units, Additional Unit Shares and/or Additional Warrants so long as the aggregate number of Additional Unit Shares and Additional Warrants that may be issued under the Over-Allotment Option does not exceed 1,840,908 1,612,500 Additional Unit Shares and 920,454 806,250 Additional Warrants. The Over-Allotment Option granted hereunder may be exercised in whole or in part at any time or in part from time prior to time within thirty (30) days after one business day before the date of this Agreement Closing Date upon notice by the Representative Co-Lead Underwriters to the Company (the “Notice of Exercise”), which notice may be given at any time prior to 10:00 a.m. (Toronto time) on the day that is one (1) business day prior to the Closing Date. The Notice of Exercise shall set forth (i) the aggregate number of Additional Units, Additional Unit Shares and/or Additional Warrants as to which the Underwriters are exercising the Over-Allotment Option, (ii) the names and denominations in which the Additional Unit Shares are to be delivered via DTCregistered through the facilities of CDS, or otherwise, as applicable, and (iii) the names and denominations that any Additional Warrant certificates to be issued, as applicable, and (iv) the date of time for delivery of and payment for the Additional Units, Additional Unit Shares and/or Additional Warrants, which shall be on the day that is two (2) business days after the date of the Notice of Exercise or such other time as shall be agreed upon by the Company and the Representative (each such date, an “Option Closing Date” and the purchase price on each Option Closing Date, the “Option Purchase Price”). In connection with an exercise of the Over-Allotment Option, (a) the purchase price to be paid for the Additional Units is equal to the product of the Offering Price multiplied by the number of Additional Units to be purchased, (b) the purchase price to be paid for the Additional Unit Shares is equal to the product of the Share Price multiplied by the number of Additional Unit Shares to be purchased and/or (b) the purchase price to be paid for the Additional Warrants is equal to the product of the Warrant Price multiplied by the number of Additional Warrants to be purchased. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Additional Units, Additional Unit Shares and/or Additional Warrants specified in such notice. Prior to the exercise of the Over-Allotment Option, the Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company, provided that, upon an exercise in part of the Over-Allotment Option, the Representative may cancel the unexercised portion the Over-Allotment Option pursuant to this sentenceregistered in.

The Additional Units. In addition, the Company hereby grants to the Representative, on behalf of the Underwriters in respect of their percentages on Schedule A hereto, the Over-Allotment Option to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, all or a portion of the Additional Units, Additional Unit Shares and/or Additional Unit Warrants Units as may be necessary to cover over-allotments made in connection with the offering of the Firm Units. The Over-Allotment Option may be exercised by the Underwriters in respect of: (i) Additional Units at the Offering Price; and/or or (ii) Additional Unit Shares at the Share Pricea price of US$1.506 per Additional Unit Share; and/or or (iii) Additional Warrants at the Warrant Price, in a price of US$0.094 per Additional Warrant; or (iv) any combination of Additional Units, Additional Unit Shares and/or Additional Warrants so long as the aggregate number of Additional Unit Shares and Additional Warrants that may be issued under the Over-Allotment Option does not exceed 1,840,908 2,437,500 Additional Unit Shares and 920,454 1,218,750 Additional Warrants. The Over-Allotment Option granted hereunder may be exercised in whole or in part at any time or in part from time up to time within thirty (30) 30 days after the date of this Agreement Closing Date upon notice by the Representative Co-Lead Underwriters to the Company Company, which notice may be given at any time prior to 10:00 a.m. (Toronto time) on the day that is one (1) business day prior to the closing of the Over-Allotment Option (the “Notice of Exercise”). The Notice of Exercise shall set forth (i) the aggregate number of Additional Units, Additional Unit Shares and/or Additional Warrants as to which the Underwriters are exercising the Over-Allotment Option, (ii) the names and denominations in which the Additional Unit Shares are to be delivered via DTCregistered through the facilities of DTC and/or CDS, or otherwise, as applicable, and (iii) the names and denominations that any Additional Warrant certificates to be issued, as applicable, and (iv) the date of time for delivery of and payment for the Additional Units, Additional Unit Shares and/or Additional Warrants, which shall be on the day that is two (2) business days after the date of the Notice of Exercise or such other time as shall be agreed upon by the Company and the Representative (each such date, an “Option Closing Date” and the purchase price on each Option Closing Date, the “Option Purchase Price”). In connection with an exercise of the Over-Allotment Option, (a) the purchase price to be paid for the Additional Units is equal to the product of the Offering Price multiplied by the number of Additional Units to be purchased, (b) the purchase price to be paid for the Additional Unit Shares is equal to the product of the Share Price multiplied by the number of Additional Unit Shares to be purchased and/or (b) the purchase price to be paid for the Additional Warrants is equal to the product of the Warrant Price multiplied by the number of Additional Warrants to be purchased. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Additional Units, Additional Unit Shares and/or Additional Warrants specified in such notice. Prior to the exercise of the Over-Allotment Option, the Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company, provided that, upon an exercise in part of the Over-Allotment Option, the Representative may cancel the unexercised portion the Over-Allotment Option pursuant to this sentenceregistered in.

The Additional Units. In addition, the Company hereby grants to the Representative, on behalf of the Underwriters in respect of their percentages on Schedule A hereto, the Over-Allotment Option to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, all or a portion of the Additional Units, Additional Unit Shares and/or Additional Unit Warrants Units as may be necessary to cover over-allotments made in connection with the offering of the Firm Units. The Over-Allotment Option may be exercised by the Underwriters in respect of: (i) Additional Units at the Offering Price; and/or or (ii) Additional Unit Shares at the Share Pricea price of $1.44 per Additional Unit Share; and/or or (iii) Additional Warrants at the Warrant Price, in a price of $0.02 per Additional Warrant; or (iv) any combination of Additional Units, Additional Unit Shares and/or Additional Warrants so long as the aggregate number of Additional Unit Shares and Additional Warrants that may be issued under the Over-Allotment Option does not exceed 1,840,908 1,450,000 Additional Unit Shares and 920,454 725,000 Additional Warrants. The Over-Allotment Option granted hereunder may be exercised in whole or in part at any time or in part from time up to time within thirty (30) 30 days after the date of this Agreement Closing Date upon notice by the Representative Lead Underwriter to the Company (the “Notice of Exercise”), which notice may be given at any time prior to 10:00 a.m. (Toronto time) on the day that is one (1) business day prior to the closing of the Over-Allotment Option (the “Over-Allotment Closing Date”). The Notice of Exercise shall set forth (i) the aggregate number of Additional Units, Additional Unit Shares and/or Additional Warrants as to which the Underwriters are exercising the Over-Allotment Option, (ii) the names and denominations in which the Additional Unit Shares are to be delivered via DTCregistered through the facilities of CDS, or otherwise, as applicable, and (iii) the names and denominations that any Additional Warrant certificates to be issued, as applicable, and (iv) the date of time for delivery of and payment for the Additional Units, Additional Unit Shares and/or Additional Warrants, which shall be on the day that is two (2) business days after the date of the Notice of Exercise or such other time as shall be agreed upon by the Company and the Representative (each such date, an “Option Closing Date” and the purchase price on each Option Closing Date, the “Option Purchase Price”). In connection with an exercise of the Over-Allotment Option, (a) the purchase price to be paid for the Additional Units is equal to the product of the Offering Price multiplied by the number of Additional Units to be purchased, (b) the purchase price to be paid for the Additional Unit Shares is equal to the product of the Share Price multiplied by the number of Additional Unit Shares to be purchased and/or (b) the purchase price to be paid for the Additional Warrants is equal to the product of the Warrant Price multiplied by the number of Additional Warrants to be purchased. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Additional Units, Additional Unit Shares and/or Additional Warrants specified in such notice. Prior to the exercise of the Over-Allotment Option, the Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company, provided that, upon an exercise in part of the Over-Allotment Option, the Representative may cancel the unexercised portion the Over-Allotment Option pursuant to this sentenceregistered in.

The Additional Units. In addition, the Company hereby grants to the Representative, on behalf of the Underwriters in respect of their percentages on Schedule A hereto, the Over-Allotment Option to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, all or a portion of the Additional Units, Additional Unit Shares and/or Additional Unit Warrants Units as may be necessary to cover over-allotments made in connection with the offering of the Firm Units. The Over-Allotment Option may be exercised by the Underwriters in respect of: (i) Additional Units at the Offering Price; and/or or (ii) Additional Unit Shares at the Share Pricea price of US$2.133 per Additional Unit Share; and/or or (iii) Additional Warrants at the Warrant Price, in a price of US$0.534 per Additional Warrant; or (iv) any combination of Additional Units, Additional Unit Shares and/or Additional Warrants so long as the aggregate number of Additional Unit Shares and Additional Warrants that may be issued under the Over-Allotment Option does not exceed 1,840,908 656,250 Additional Unit Shares and 920,454 328,125 Additional Warrants. The Over-Allotment Option granted hereunder may be exercised in whole at any time or in part and from time to time within thirty (30) days after in whole or in part until the date of this Agreement Closing Date upon notice by the Representative Co-Lead Underwriters to the Company Company, which notice may be given at any time prior to 10:00 a.m. (Toronto time) on the day that is one (1) business day prior to the Closing Date (the “Notice of Exercise”). The Notice of Exercise shall set forth (i) the aggregate number of Additional Units, Additional Unit Shares and/or Additional Warrants as to which the Underwriters are exercising the Over-Allotment Option, (ii) the names and denominations in which the Additional Unit Shares Units are to be delivered via DTCregistered through the facilities of DTC and/or CDS, or otherwise, as applicable, and (iii) the names and denominations that any Additional Warrant certificates to be issued, as applicable, and (iv) the date of time for delivery of and payment for the Additional Units, Additional Unit Shares and/or Additional Warrants, which shall be on the day that is two (2) business days after the date of the Notice of Exercise or such other time as shall be agreed upon by the Company and the Representative (each such date, an “Option Closing Date” and the purchase price on each Option Closing Date, the “Option Purchase Price”). In connection with an exercise of the Over-Allotment Option, (a) the purchase price to be paid for the Additional Units is equal to the product of the Offering Price multiplied by the number of Additional Units to be purchased, (b) the purchase price to be paid for the Additional Unit Shares is equal to the product of the Share Price multiplied by the number of Additional Unit Shares to be purchased and/or (b) the purchase price to be paid for the Additional Warrants is equal to the product of the Warrant Price multiplied by the number of Additional Warrants to be purchased. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Additional Units, Additional Unit Shares and/or Additional Warrants specified in such notice. Prior to the exercise of the Over-Allotment Option, the Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company, provided that, upon an exercise in part of the Over-Allotment Option, the Representative may cancel the unexercised portion the Over-Allotment Option pursuant to this sentenceregistered in.

The Additional Units. In addition, the Company hereby grants to the Representative, on behalf of the Underwriters in respect of their percentages on Schedule A hereto, the Over-Allotment Option to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, all or a portion of the Additional Units, Additional Unit Shares and/or Additional Unit Warrants Units as may be necessary to cover over-allotments made in connection with the offering of the Firm Units. The Over-Allotment Option may be exercised by the Underwriters in respect of: (i) Additional Units at the Offering Price; and/or or (ii) Additional Unit Shares at a price of US$2.09 per Additional Unit Share (the “Option Share Price”); and/or or (iii) Additional Warrants at a price of US$0.01 per Additional Warrant (the “Option Warrant Price, in ”); or (iv) any combination of Additional Units, Additional Unit Shares and/or Additional Warrants so long as the aggregate number of Additional Unit Shares and Additional Warrants that may be issued under the Over-Allotment Option does not exceed 1,840,908 257,250 Additional Unit Shares and 920,454 257,250 Additional Warrants. The Over-Allotment Option granted hereunder may be exercised in whole or in part at any time or in part from time up to time within thirty (30) 45 days after the date of this Agreement Closing Date upon notice by the Representative Lead Underwriter to the Company Company, which notice may be given at any time prior to 10:00 a.m. (Toronto time) on the day that is one (1) business day prior to the closing of the Over-Allotment Option (the “Notice of Exercise”). The Notice of Exercise shall set forth (i) the aggregate number of Additional Units, Additional Unit Shares and/or Additional Warrants as to which the Underwriters are exercising the Over-Allotment Option, (ii) the names and denominations in which the Additional Unit Shares to be delivered via CDS and/or DTC, or otherwise, as applicable, (iii) the names and denominations that in which any Additional Warrant certificates are to be issued, as applicable, and (iv) the date of and time for delivery of and payment for the Additional Units, Additional Unit Shares and/or Additional Warrants, which shall be on the day that is two (2) business days after the date of the Notice of Exercise or such other time as shall be agreed upon by the Company and the Representative Lead Underwriter (each such date, an “Option Closing Date” and the purchase price on each Option Closing Date, the “Option Purchase Offering Price”). In connection with an exercise of the Over-Allotment Option, (a) the purchase price Option Offering Price to be paid for the Additional Units is equal to the product of the Offering Price multiplied by the number of Additional Units to be purchased, (b) the purchase price Option Offering Price to be paid for the Additional Unit Shares is equal to the product of the Option Share Price multiplied by the number of Additional Unit Shares to be purchased and/or (bc) the purchase price Option Offering Price to be paid for the Additional Warrants is equal to the product of the Option Warrant Price multiplied by the number of Additional Warrants to be purchased. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Additional Units, Additional Unit Shares and/or Additional Warrants specified in such notice. Prior to the exercise of the Over-Allotment Option, the Representative Lead Underwriter may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company, provided that, upon an exercise in part of the Over-Allotment Option, the Representative Lead Underwriter may cancel the unexercised portion the Over-Allotment Option pursuant to this sentence.

The Additional Units. In addition, the Company hereby grants to the Representative, on behalf of the Underwriters in respect of their percentages on Schedule A hereto, the Over-Allotment Option to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, all or a portion of the Additional Units, Additional Unit Shares and/or Additional Unit Warrants Units as may be necessary to cover over-allotments made in connection with the offering of the Firm Units. The Over-Allotment Option may be exercised by the Underwriters in respect of: (i) Additional Units at the Offering Price; and/or or (ii) Additional Unit Shares at the Share Pricea price of US$1.506 per Additional Unit Share; and/or or (iii) Additional Warrants at the Warrant Price, in a price of US$0.094 per Additional Warrant; or (iv) any combination of Additional Units, Additional Unit Shares and/or Additional Warrants so long as the aggregate number of Additional Unit Shares and Additional Warrants that may be issued under the Over-Allotment Option does not exceed 1,840,908 1,875,000 Additional Unit Shares and 920,454 937,500 Additional Warrants. The Over-Allotment Option granted hereunder may be exercised in whole or in part at any time or in part from time up to time within thirty (30) 30 days after the date of this Agreement Closing Date upon notice by the Representative Co-Lead Underwriters to the Company Company, which notice may be given at any time prior to 10:00 a.m. (Toronto time) on the day that is one (1) business day prior to the closing of the Over-Allotment Option (the “Notice of Exercise”). The Notice of Exercise shall set forth (i) the aggregate number of Additional Units, Additional Unit Shares and/or Additional Warrants as to which the Underwriters are exercising the Over-Allotment Option, (ii) the names and denominations in which the Additional Unit Shares are to be delivered via DTCregistered through the facilities of DTC and/or CDS, or otherwise, as applicable, and (iii) the names and denominations that any Additional Warrant certificates to be issued, as applicable, and (iv) the date of time for delivery of and payment for the Additional Units, Additional Unit Shares and/or Additional Warrants, which shall be on the day that is two (2) business days after the date of the Notice of Exercise or such other time as shall be agreed upon by the Company and the Representative (each such date, an “Option Closing Date” and the purchase price on each Option Closing Date, the “Option Purchase Price”). In connection with an exercise of the Over-Allotment Option, (a) the purchase price to be paid for the Additional Units is equal to the product of the Offering Price multiplied by the number of Additional Units to be purchased, (b) the purchase price to be paid for the Additional Unit Shares is equal to the product of the Share Price multiplied by the number of Additional Unit Shares to be purchased and/or (b) the purchase price to be paid for the Additional Warrants is equal to the product of the Warrant Price multiplied by the number of Additional Warrants to be purchased. Upon exercise of the Over-Allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Additional Units, Additional Unit Shares and/or Additional Warrants specified in such notice. Prior to the exercise of the Over-Allotment Option, the Representative may cancel the Over-Allotment Option at any time prior to the expiration of the Over-Allotment Option by written notice to the Company, provided that, upon an exercise in part of the Over-Allotment Option, the Representative may cancel the unexercised portion the Over-Allotment Option pursuant to this sentenceregistered in.