Common use of Becoming an Established Issuer Clause in Contracts

Becoming an Established Issuer. If the Issuer is an emerging issuer on the date of this Agreement and, during the term of this Agreement, the Issuer: (a) lists its securities on The Toronto Stock Exchange Inc.; (b) becomes a TSX Venture Exchange Inc. (“TSX Venture”) Tier 1 issuer; or (c) lists or quotes its securities on an exchange or market outside Canada that its “principal regulator” or, if the Issuer has only filed its IPO prospectus in one jurisdiction, the securities regulator in that jurisdiction, is satisfied has minimum listing requirements at least equal to those of TSX Venture Tier 1, then the Issuer becomes an established issuer and the escrow securities shall be released in accordance with Section 3.2.

Becoming an Established Issuer. If the Issuer is an emerging issuer on the date of this Agreement and, during the term of this Agreement, the Issuer: (a) lists its securities on The the Toronto Stock Exchange Inc. or Aequitas NEO Exchange Inc.; (b) becomes a TSX Venture Exchange Inc. (“TSX Venture”) Tier 1 issuer; or or Annual Information Forms (cin Quebec under Staff Notice, Mutual Reliance Review System for Prospectuses and Annual Information Forms) lists or quotes its securities on an exchange or market outside Canada that its “principal regulator” or, if the Issuer has only filed its IPO prospectus in one jurisdiction, the securities regulator in that jurisdiction, is satisfied has minimum listing requirements at least equal to those of TSX Venture Tier 1, then the Issuer becomes an established issuer and the escrow securities shall be released in accordance with Section 3.2issuer.

Becoming an Established Issuer. If the Issuer is an emerging issuer on the date of this Agreement and, during the term of this Agreement, the Issuer: (a) lists its securities on The Toronto Stock Exchange Inc.; (b) becomes a TSX Venture Exchange Inc. (“"TSX Venture”") Tier 1 issuer; or (c) lists or quotes its securities on an exchange or market outside Canada that its “"principal regulator” " or, if the Issuer has only filed its IPO prospectus in one jurisdiction, the securities regulator in that jurisdiction, is satisfied has minimum listing requirements at least equal to those of TSX Venture Tier 1, then the Issuer becomes an established issuer and the escrow securities shall be released in accordance with Section 3.2.