AMENDED AND RESTATED COMMON SHARE PURCHASE WARRANT Algae Dynamics Corp.Algae Dynamics Corp. • February 3rd, 2017 • Medicinal chemicals & botanical products • Ontario
THIS COMMON SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, MIDTOWN PARTNERS & CO., LLC or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after January 17, 2017 (the “Initial Issuance Date”) and on or prior to the close of business on January 16, 2022 (the “Termination Date”) but not thereafter, to subscribe for and purchase from ALGAE DYNAMICS CORP., a corporation organized under the Canada Business Corporations Act (the “Company”), 900,000 common shares (the “Common Shares”) of the capital of the Company (subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one Common Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
