Odorchem Agreement definition

Odorchem Agreement means the agreement between Soma and Odorchem for the provision of laboratory services dated March 16, 2015;“Preferred Shareholders” means those holders of Preferred Shares;“Preferred Shares” means the preferred shares in the capital of Quadron, which, subject to Quadron achieving $1,000,000 in earnings before interest, taxes, depreciation, and amortization for the period ending April 30, 2017 (the “Target”), will automatically convert into Common shares, or if the Company fails to achieve the Target, may be repurchased by the Company for $0.0001 per Preferred Share;“Prospectus” means this prospectus;“Quadron” means Quadron Capital Corporation;“Soma” means Soma Labs Scientific Inc.;“Stock Option Plan” means the stock option plan adopted on January 22, 2016 and operating as of the date of this Prospectus;“Target” has the meaning ascribed to it in the definition of “Preferred Shares”;“Target Financial Statements” has the meaning ascribed to it under “Description of the Securities – Preferred Shares”; and“TSX” means the Toronto Stock Exchange.“TSX-V” Means the TSX Venture Exchange.SCHEDULE “A”AUDITED ANNUAL FINANCIAL STATEMENTS OF QUADRON CAPITAL CORPORATION FOR THE YEARS ENDED APRIL 30, 2016, APRIL 30, 2015, APRIL 30, 2014 AND THE UNAUDITED INTERIM FINANCIAL STATEMENTS OF QUADRON CAPITAL CORPORATION FOR THE THREE MONTH PERIOD ENDED JULY, 31 2016 QUADRON CAPITAL CORPORATIONConsolidated Financial Statements (Expressed in Canadian Dollars) For the years ended April 30, 2016 and 2015