EQUITY DISTRIBUTION AGREEMENTEquity Distribution Agreement • June 30th, 2020 • IMV Inc. • Pharmaceutical preparations • New York
As further set forth in this agreement (this “Agreement”), IMV Inc., a company organized under the laws of Canada (the “Company”), proposes to issue and sell from time to time through Piper Sandler & Co. (the “Agent”), as sales agent, the common shares in the capital of the Company (the “Common Shares”), having an aggregate offering price of up to U.S. $24,500,000, (such Common Shares to be sold pursuant to this Agreement, the “Shares”) on terms set forth herein. Each of the Company and the Agent hereby agrees and acknowledges that all sales and solicitation of sales of Shares shall be made solely in the United States and sales and solicitation of sales of Shares shall not be made in Canada or through the facilities of the Toronto Stock Exchange (the “TSX” or any other Canadian trading market (together with the TSX, a “Canadian Market”)). Notwithstanding anything to the contrary contained herein, the parties hereto agree that compliance with the limitation set forth in Section 3(b) of
