Common use of Underwriting Fee Clause in Contracts

Underwriting Fee. In consideration for their services hereunder, the Corporation agrees to pay to the Underwriters: (a) at the Closing Time, a fee equal to the amount of $40 (4%) per Firm Debenture for each Firm Debenture purchased and including any purchased by the Underwriters as principal hereunder (being an aggregate amount of $2,000,000); and (b) at the Over-Allotment Option Closing Time, a fee of $40 (4%) per Additional Debenture for each Additional Debenture purchased and including any purchased by the Underwriters as principal hereunder (being an aggregate amount of up to $300,000 if the Over-Allotment Option is exercised in full). The foregoing fees (collectively, the “Underwriting Fee”) may, at the sole option of the Underwriters, be deducted from the aggregate gross proceeds of the sale of the Firm Debentures and Additional Debentures, as applicable, and withheld for the account of the Underwriters. For greater certainty, the services provided by the Underwriters in connection herewith will not be subject to the Goods and Services Tax (“GST”) provided for in the Excise Tax Act (Canada) and taxable supplies provided will be incidental to the exempt financial services provided. However, in the event that the Canada Revenue Agency determines that GST provided for in the Excise Tax Act (Canada) is exigible on the Underwriting Fee, the Corporation agrees to pay the amount of GST forthwith upon the request of the Underwriters. The Corporation also agrees to pay the Underwriters’ expenses as set forth in section 11 hereof.

Underwriting Fee. In consideration for their services hereunder, in underwriting the distribution of and purchasing the Offered Securities the Corporation agrees to pay to the Underwriters: (a) at the Closing Time, Time a fee equal to the amount of $40 (4%) 37.50 per Firm Debenture for each Firm Debenture purchased and including any purchased by the Underwriters as principal hereunder (being an aggregate amount of $2,000,0002,812,500); and (b) at the Over-Allotment Option Additional Closing Time, Time a fee of $40 (4%) 37.50 per Additional Over-Allotment Debenture for each Additional Over-Allotment Debenture purchased and including any purchased by the Underwriters as principal hereunder (being an aggregate amount of up to $300,000 if 421,875); all such fees being payable from the Over-Allotment Option is exercised in full)general funds of the Corporation. The foregoing fees (collectively, the “"Underwriting Fee”") may, at the sole option of the Underwriters, be deducted from the aggregate gross proceeds of the sale of the Firm Debentures and Additional Debentures, as applicable, Offered Securities and withheld for the account of the Underwriters. For greater certainty, the services provided by the Underwriters in connection herewith will not be subject to the Goods and Services Tax (“GST”) provided for in the Excise Tax Act (Canada) and taxable supplies provided will be incidental to the exempt financial services provided. However, in the event that the Canada Customs and Revenue Agency determines that GST Goods and Services Tax provided for in the Excise Tax Act (Canada) is exigible on the Underwriting Fee, the Corporation agrees to pay the amount of GST Goods and Services Tax forthwith upon the request of the Underwriters. The In the event that this offering is not completed, the Corporation also agrees to pay the Underwriters’ ' reasonable expenses incurred in connection with this underwriting as set forth in section 11 paragraph 10 hereof.

Underwriting Fee. In consideration for their services hereunderin underwriting the distribution of and purchasing the Offered Securities, the Corporation Trust agrees to pay to the Underwriters: (: a) at the Closing Time, a fee equal to the amount of $40 (4%) 0.30625 per Firm Debenture Receipt for each Firm Debenture Receipt purchased and including any purchased by $40.00 per Offered Debenture; b) at the Underwriters as principal hereunder Additional Closing Time, a fee of $0.30625 per Over-Allotment Option Receipt for each Over-Allotment Option Receipt issued (being an aggregate amount of $2,000,000); and (b) at the Over-Allotment Option Closing Time, a fee of $40 (4%) per Additional Debenture for each Additional Debenture purchased and including any purchased by the Underwriters as principal hereunder (being an aggregate amount of up to $300,000 939,421.88 if the Over-Allotment Option is exercised in full); and (c) at the time of release of the funds held by the Escrow Agent to the Trust pursuant to the Subscription Receipt Agreement, if applicable, a fee of $0.30625 per Offered Receipt purchased (being an aggregate amount of $6,262,812.50, or $7,202,234.38 if the Over-Allotment Option is exercised in full), payable from the funds held by the Escrow Agent pursuant to the Subscription Receipt Agreement. The foregoing fees (collectively, the “"Underwriting Fee”") may, at will be payable from the sole option general funds of the Underwriters, be deducted from the aggregate gross proceeds of the sale of the Firm Debentures and Additional Debentures, as applicable, and withheld for the account of the UnderwritersTrust or its subsidiaries. For greater certainty, the services provided by the Underwriters in connection herewith will not be subject to the Goods and Services Tax (“"GST”") provided for in the Excise Tax Act (Canada) and taxable supplies provided will be incidental to the exempt financial services provided. However, in In the event that the Canada Revenue Agency determines that GST provided for in the Excise Tax Act (Canada) is exigible on the Underwriting Fee, the Corporation Trust agrees to pay the amount of GST forthwith upon the request of the Underwriters. The Corporation Trust also agrees to pay the Underwriters’ ' expenses as set forth in section 11 hereofSection 12.

Underwriting Fee. In consideration for their its services hereunder, the Corporation agrees to pay to the Underwriters: (a) at the Closing Time, a fee equal to the amount of $40 US$0.25 (45%) per Firm Debenture for each Firm Debenture Prospectus Unit purchased and including any purchased by the Underwriters as principal hereunder (being for an aggregate amount fee of $2,000,000); andUS$2,750,000; (b) at the Over-Allotment Option Closing Time, a fee equal to the amount of $40 Cdn$0.3085 (45%) per Additional Debenture for each Additional Debenture Flow-Through Common Share purchased and including any purchased by the Underwriters as principal hereunder (being for an aggregate amount fee of up to $300,000 if Cdn$802,100; and (c) at the Additional Closing Time, a fee of: (i) US$0.25 (5%) for each Over-Allotment Option is exercised in full)Unit purchased; (ii) US$0.236 (5%) for each Over-Allotment Option Share purchased; and (iii) US$0.028 (5%) for each Over-Allotment Option Warrant purchased. The foregoing fees (collectively, the “Underwriting Fee”) may, at the sole option of the Underwriters, be deducted from the aggregate gross proceeds of the sale of the Firm Debentures and Additional Debentures, as applicable, Offered Securities and withheld for the account of the Underwriters. For greater certainty, the services provided by the Underwriters in connection herewith will not be subject to the Goods and Services Tax (“GST”) provided for in the Excise Tax Act (Canada) and taxable supplies provided will be incidental to the exempt financial services provided. However, in the event that the Canada Revenue Agency determines that GST provided for in the Excise Tax Act (Canada) is exigible on the Underwriting Fee, the Corporation agrees to pay the amount of GST forthwith upon the request of the Underwriters. The Corporation also agrees to pay the Underwriters’ expenses as set forth in section 11 10 hereof.

Underwriting Fee. In consideration for their services hereunderin underwriting the distribution of and purchasing the Offered Securities, the Corporation Trust agrees to pay to the Underwriters: (a) at the Closing Time, Time a fee equal to the amount of $40 (4%) 0.6725 per Firm Debenture Offered Receipt for each Firm Debenture Offered Receipt purchased and including any purchased by the Underwriters as principal hereunder $40 per Offered Debenture (being an aggregate amount of $2,000,000)7,375,016; and (b) at the Over-Allotment Option Closing Timetime of release of the funds held by the Escrow Agent to the Trust pursuant to the Subscription Receipt Agreement, if applicable, a fee of $40 (4%) 0.6725 per Additional Debenture for each Additional Debenture Offered Receipt purchased and including any purchased by the Underwriters as principal hereunder (being an aggregate amount of up $4,375,016), payable from the funds held by the Escrow Agent pursuant to $300,000 if the Over-Allotment Option is exercised in full)Subscription Receipt Agreement. The foregoing fees (collectively, the “"Underwriting Fee”") may, at the sole option of the Underwriters, be deducted from the aggregate gross proceeds of the sale of the Firm Debentures and Additional Debentures, as applicable, Offered Securities and withheld for the account of the Underwriters. For greater certainty, the services provided by the Underwriters in connection herewith will not be subject to the Goods and Services Tax (“GST”) provided for in the Excise Tax Act EXCISE TAX ACT (Canada) and taxable supplies provided will be incidental to the exempt financial services provided. However, in the event that the Canada Revenue Agency Canada, Taxation, Customs and Excise determines that GST Goods and Services Tax provided for in the Excise Tax Act EXCISE TAX ACT (Canada) is exigible on the Underwriting Fee, the Corporation Trust agrees to pay the amount of GST Goods and Services Tax forthwith upon the request of the Underwriters. The Corporation Trust also agrees to pay the Underwriters’ ' expenses as set forth in section paragraph 11 hereof.

Underwriting Fee. In consideration for their services hereunderin underwriting the distribution of and purchasing the Offered Units, the Corporation Trust agrees to pay to the Underwriters: (a) Underwriters at the Closing Time, Time a fee equal to the amount of $40 (4%) 0.705 per Firm Debenture Offered Unit for each Firm Debenture Offered Unit purchased and including any purchased by the Underwriters as principal hereunder (being an aggregate amount of $2,000,000); and (b) at 3,877,500 in respect of the Over-Allotment Option Closing Time, a fee of $40 (4%) per Additional Debenture for each Additional Debenture purchased Firm Units and including any purchased by the Underwriters as principal hereunder (being an aggregate amount of up to $300,000 387,750 in respect of the Underwriters' Option Units, if the Over-Allotment Underwriters' Option is exercised in full). The foregoing fees (collectively, the “Underwriting Fee”"UNDERWRITING FEE") may, at the sole option of the Underwriters, be deducted from the aggregate gross proceeds of the sale of the Firm Debentures and Additional Debentures, as applicable, Offered Units and withheld for the account of the Underwriters. For greater certainty, the services provided by the Underwriters in connection herewith will not be subject to the Goods and Services Tax (“GST”) provided for in the Excise Tax Act EXCISE TAX ACT (Canada) and taxable supplies provided will be incidental to the exempt financial services provided. However, in the event that the Canada Customs and Revenue Agency determines that GST Goods and Services Tax provided for in the Excise Tax Act EXCISE TAX ACT (Canada) is exigible on the Underwriting Fee, the Corporation Trust agrees to pay the amount of GST Goods and Services Tax forthwith upon the request of the Underwriters. The Corporation Trust also agrees to pay the Underwriters’ ' expenses as set forth in section 11 hereof10.

Underwriting Fee. In consideration for their services hereunderin underwriting the distribution of and purchasing the Offered Securities, the Corporation Trust agrees to pay to the Underwriters: : (a) at the Closing Time, a fee equal to the amount of $40 (4%) 0.42125 per Firm Debenture Offered Receipt for each Firm Debenture Offered Receipt purchased and including any purchased by the Underwriters as principal hereunder $40.00 per Offered Debenture (being an aggregate amount of $2,000,0007,201,875 or $8,001,875 if the Underwriters' Option is exercised in full); and and (b) at the Over-Allotment Option Closing Timetime of release of the funds held by the Escrow Agent to the Trust pursuant to the Subscription Receipt Agreement, if applicable, a fee of $40 (4%) 0.42125 per Additional Debenture for each Additional Debenture Offered Receipt purchased and including any purchased by the Underwriters as principal hereunder (being an aggregate amount of up $4,001,875), payable from the funds held by the Escrow Agent pursuant to $300,000 if the Over-Allotment Option is exercised in full)Subscription Receipt Agreement. The foregoing fees (collectively, the “"Underwriting Fee”") may, at will be payable from the sole option general funds of the Underwriters, be deducted from the aggregate gross proceeds of the sale of the Firm Debentures and Additional Debentures, as applicable, and withheld for the account of the UnderwritersTrust or its subsidiaries. For greater certainty, the services provided by the Underwriters in connection herewith will not be subject to the Goods and Services Tax (“"GST”") provided for in the Excise Tax Act (Canada) and taxable supplies provided will be incidental to the exempt financial services provided. However, in In the event that the Canada Revenue Agency determines that GST provided for in the Excise Tax Act (Canada) is exigible on the Underwriting Fee, the Corporation Trust agrees to pay the amount of GST forthwith upon the request of the Underwriters. The Corporation Trust also agrees to pay the Underwriters’ ' expenses as set forth in section 11 hereofSection 12.