NP 46-201 definition
Examples of NP 46-201 in a sentence
If a Securityholder is a private company controlled by one or more principals (as defined in section 3.5 of NP 46-201) of the Issuer, the Securityholder may not participate in a transaction that results in a change of its control or a change in the economic exposure of the principals to the risks of holding Escrowed Securities.
CWE acknowledges that such Neural Shares may be subject to transfer restrictions under NP 46-201 and the applicable recipients must be eligible to receive such shares in accordance with NP 46-201 and shall have executed all necessary documentation to become parties to the Escrow Agreement to be entered into in connection with the Series B Transactions.
The Shares shall be subject to escrow pursuant to NP 46-201 and released as follows: IPO Date 10% IPO Date + 6 mos 1/6 of the remaining escrow Shares IPO Date + 12 mos 1/5 of the remaining escrow Shares IPO Date + 18 mos 1/4 of the remaining escrow Shares IPO Date + 24 mos 1/3 of the remaining escrow Shares IPO Date + 30 mos 1/2 of the remaining escrow Shares IPO Date + 36 mos The remaining escrow Shares Licensor will enter into a separate escrow agreement for this purpose.