Voluntary Pooling Clause Samples
Voluntary Pooling. Each Pooling Shareholder hereby acknowledges that his/her/its Pooled Shares are being held and made subject to the terms hereof voluntarily and not as a consequence of any requirement imposed by any regulatory authority.
Voluntary Pooling. The Subscriber agrees that in addition to any escrow restrictions applicable to the Shares pursuant to the policies of a Canadian stock exchange (an “Exchange”) or to the rules of any stock exchange, securities commission or other securities regulatory body having jurisdiction, all of the Shares issued to the Subscriber pursuant to this Agreement will be subject to voluntary hold periods (the “Voluntary Escrow”). The Subscriber acknowledges and agrees that the certificate or certificates representing the Shares will bear a legend (in addition to any legend(s) pursuant to applicable securities laws and as set forth in Section 5.2(p)) with such legend to be substantially as follows: 100% of the Shares will be released from Voluntary Escrow on the date that is 18 months after the date the Company’s common shares commence trading on an Exchange (the “Listing Date”). The Subscriber will be entitled to vote any of the Shares that are held in Voluntary Escrow, but will not be entitled to transfer, option or otherwise encumber any of the Shares without the prior written consent of the Company. As and so often as the Company may require, the Subscriber will execute and deliver to the Company all such further documents, do or cause to be done all such further acts and things, and give all such further assurances as in the opinion of the Company or its counsel are necessary or advisable to give full effect to the Voluntary Escrow.