Exercise Price Payable. ((A) multiplied by $1,000) The undersigned hereby exercises the right of such holder to be issued, and hereby subscribes for, Warrant Debentures that are issuable pursuant to the exercise of such Warrants on the terms specified in such Warrant Certificate and in the Warrant Indenture. The undersigned hereby represents, warrants and certifies that the undersigned holder at the time of exercise of the Warrants (a) is not in the United States; (b) is not a U.S. person and is not exercising the Warrants on behalf of a U.S. person or a person in the United States; and (c) represents and warrants that the exercise of the Warrants and the acquisition of the Warrant Debentures occurred in an “offshore transaction” (as defined under Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)). The undersigned hereby acknowledges that the undersigned is aware that the Warrant Debentures received on exercise may be subject to restrictions on resale under applicable securities legislation. The undersigned hereby further acknowledges that the Corporation will rely upon our confirmations, acknowledgements and agreements set forth herein, and we agree to notify the Corporation promptly in writing if any of our representations or warranties herein ceases to be accurate or complete. The undersigned hereby irrevocably directs that the said Warrant Debentures be issued, registered and delivered as follows: Name(s) in Full Address(es) Number of Warrant Debentures Please print full name in which certificates representing the Warrant Debentures are to be issued. If any Warrant Debentures are to be issued to a person or persons other than the registered holder, the registered holder must pay to the Trustee all exigible transfer taxes or other government charges, if any, and the Form of Transfer must be duly executed. Once completed and executed, this Exercise Form must be mailed or delivered to C21 INVESTMENTS INC. c/o ALLIANCE TRUST COMPANY (original copy). DATED this day of , 20 . ) ) Witness ) (Signature of Warrantholder, to be the same as it appears on the face of this Warrant Certificate. If an entity, the signatory represents that he or she has authority to bind such entity and duly execute this form.) ) ) ) ) ) Name of Warrantholder
Exercise Price Payable. ( ( A ) mu l t i p l i e d b y C $ 2 . 2 1 , s u b j e c t t o adjustment). The undersigned hereby exercises the right of such holder to be issued, and hereby subscribes for, Common Shares that are issuable pursuant to the exercise of such Warrants on the terms specified m such Warrant Certificate and in the Warrant Indenture. The undersigned hereby acknowledges that the undersigned is aware that the Common Shares received on exercise may be subject to restrictions on resale under applicable securities legislation. The undersigned represents, warrants and certifies as follows (one (only) of the following must be checked):
Exercise Price Payable. ((A) multiplied by $1.50, subject to adjustment) The undersigned hereby exercises the right of such holder to be issued, and hereby subscribes for, Common Shares that are issuable pursuant to the exercise of such Warrants on the terms specified in such Warrant Certificate and in the Warrant Indenture. The undersigned hereby represents, warrants and certifies as follows: (only one of the following must be checked)
Exercise Price Payable. The exercise price is payable in cash, certified check or bank draft. No adjustments shall be made for any dividends on any shares of stock issuable upon exercise of this Warrant.
Exercise Price Payable. ((A) multiplied by , subject to adjustment) The undersigned hereby exercises the right of such holder to be issued, and hereby subscribes for, Subordinate Voting Shares that are issuable pursuant to the exercise of such Warrants on the terms specified in such Warrant Certificate. The undersigned hereby represents, warrants and certifies as follows (one (only) of the following must be checked):
