If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
If there is a permitted secondary offering. (1) If the Issuer is an established issuer and you have sold in a permitted secondary offering 25% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/3 of your remaining escrow securities 12 months after the listing date 1/2 of your remaining escrow securities 18 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 33 1/3%.
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: On November 21, 2020, six months following the date the Issuer’s securities are listed on a Canadian exchange (the initial release date) 1/2 of your escrow securities Thirty (30) days after the initial release date 1/10 of your escrow securities Sixty (60) days after the initial release date 1/10 of your escrow securities Ninety days (90) after the initial release date 1/10 of your escrow securities One hundred and twenty (120) days after the initial release date 1/10 of your escrow securities One hundred and fifty (150) days after the initial release date 1/10 of your escrow securities *In the simplest case, where there are no changes to the escrow securities initially deposited and no additional escrow securities, then the release schedule outlined above results in the escrow securities being as to 50% on the initial release date and an additional 10% every 30 days thereafter
If there is a permitted secondary offering a Canadian
If there is a permitted secondary offering. (1) If the Issuer is an Established Issuer and you have sold in a Permitted Secondary Offering 25% or more of your Escrow Securities, your Escrow Securities will be released as follows: For delivery to complete the IPO All Escrow Securities sold by you in the Permitted Secondary Offering 6 months after the Listing Date 1/3 of your remaining Escrow Securities 12 months after the Listing Date 1/2 of your remaining Escrow Securities 18 months after the Listing Date your remaining Escrow Securities *In the simplest case, where there are no changes to the remaining Escrow Securities upon completion of the Permitted Secondary Offering and no Additional Escrow Securities, the release schedule outlined above results in the remaining Escrow Securities being released in equal tranches of 33 1/3%.
If there is a permitted secondary offering. (1) If the Issuer is an Emerging Issuer and you have sold in a Permitted Secondary Offering 10% or more of your Escrow Securities, your Escrow Securities will be released as follows: For delivery to complete the IPO All Escrow Securities sold by you in the Permitted Secondary Offering 6 months after the Listing Date 1/6 of your remaining Escrow Securities 12 months after the Listing Date 1/5 of your remaining Escrow Securities 18 months after the Listing Date 1/4 of your remaining Escrow Securities 24 months after the Listing Date 1/3 of your remaining Escrow Securities 30 months after the Listing Date 1/2 of your remaining Escrow Securities 36 months after the Listing Date your remaining Escrow Securities *In the simplest case, where there are no changes to the remaining Escrow Securities upon completion of the Permitted Secondary Offering and no Additional Escrow Securities, the release schedule outlined above results in the remaining Escrow Securities being released in equal tranches of 16 2/3%.
If there is a permitted secondary offering. (1) If the Issuer is an established issuer and you have sold in a permitted secondary offering 25% or more of your escrow securities, your escrow securities will be released as follows: ------------------------------------------------------------------------------------------------------------------- For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering -------------------------------------------------------------------------------------------------------------------
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: ------------------------------------------------------------------------------------------------------------------- For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering ------------------------------------------------------------------------------------------------------------------- 6 months after the listing date 1/6 of your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- 12 months after the listing date 1/5 of your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- 18 months after the listing date 1/4 of your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- 24 months after the listing date 1/3 of your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- 30 months after the listing date 1/2 of your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- 36 months after the listing date your remaining escrow securities ------------------------------------------------------------------------------------------------------------------- * In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
