Common use of Usual case Clause in Contracts

Usual case. If the Issuer is an established issuer (as defined in section 3.3 of the Policy) and you have not sold any Escrowed Securities in a permitted secondary offering, your Escrowed Securities will be released as follows: On , 20 , the date the Issuer’s securities are listed on a Canadian exchange (the "listing date") 1/4 of your Escrowed Securities 6 months after the listing date 1/3 of your remaining Escrowed Securities 12 months after the listing date 1/2 of your remaining Escrowed Securities 18 months after the listing date Your remaining Escrowed Securities