Common use of Insider Status Clause in Contracts

Insider Status. The Subscriber either: ☐ Is an “Insider” of the Issuer as defined in the Securities Act (Ontario), by virtue of being: (a) a director or an officer of the Issuer; (b) a director or an officer of a person that is an Insider or subsidiary of the Issuer; (c) a person that has (i) beneficial ownership of, or control or direction over, directly or indirectly, or (ii) a combination of beneficial ownership of, and control or direction over, directly or indirectly, securities of the Issuer carrying more than 10% of the voting rights attached to all of the Issuer’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or ☒ Is not an Insider of the Issuer.

Appears in 2 contracts

Samples: Convertible Debenture Subscription Agreement (Grown Rogue International Inc.), Convertible Debenture Subscription Agreement (Grown Rogue International Inc.)

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Insider Status. The Subscriber either: Is an “Insider” of the Issuer as defined in the Securities Act (Ontario), by virtue of being: (a) a director or an officer of the Issuer; (b) a director or an officer of a person that is an Insider or subsidiary of the Issuer; (c) a person that has (i) beneficial ownership of, or control or direction over, directly or indirectly, or (ii) a combination of beneficial ownership of, and control or direction over, directly or indirectly, securities of the Issuer carrying more than 10% of the voting rights attached to all of the Issuer’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or Is not an Insider of the Issuer.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (Grown Rogue International Inc.)

Insider Status. The Subscriber eithereither [check appropriate box]: ☐ Is is an "Insider" of the Issuer as defined in the British Columbia Securities Act (Ontario)Act, by virtue of beingdetermined as follows: (a) a director or an senior officer of the Issuer; (b) a director or an senior officer of a person that is itself an Insider insider or subsidiary of the Issuer; (c) a person that has: (i) beneficial ownership of, or control or direction over, directly or indirectly, or (ii) a combination of beneficial ownership of, and control or direction over, directly or indirectly, securities of the Issuer carrying more than 10% of the voting rights attached to all of the Issuer’s 's outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or ☒ Is is not an Insider of the Issuer.

Appears in 1 contract

Samples: Subscription Agreement

Insider Status. The Subscriber either: Is an "Insider" of the Issuer as defined in the Securities Act (OntarioBritish Columbia), by virtue of being: (a) a director or an officer of the Issuer; (b) a director or an officer of a person that is an Insider or subsidiary of the Issuer; (c) a person that has (i) beneficial ownership of, or control or direction over, directly or indirectly, or (ii) a combination of beneficial ownership of, and control or direction over, directly or indirectly, securities of the Issuer carrying more than 10% of the voting rights attached to all of the Issuer’s 's outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or Is not an Insider of the Issuer.

Appears in 1 contract

Samples: Subscription Agreement

Insider Status. The ​The Subscriber either: ☐ Is an “Insider” of the Issuer as defined in the Securities Act (Ontario), by virtue of being: (a) a director or an officer of the Issuer; (b) a director or an officer of a person that is an Insider or subsidiary of the Issuer; (c) a person that has (i) beneficial ownership of, or control or direction over, directly or indirectly, or (ii) a combination of beneficial ownership of, and control or direction over, directly or indirectly, securities of the Issuer carrying more than 10% of the voting rights attached to all of the Issuer’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or ☒ Is not an Insider of the Issuer.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (Grown Rogue International Inc.)

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Insider Status. The Subscriber either: ☐ :Is an "Insider" of the Issuer as defined in the Securities Act (Ontario), by virtue of being: (a) a being:(a)a director or an officer of the Issuer; ; (b) a b)a director or an officer of a person that is an Insider or subsidiary of the Issuer; ; (c) a c)a person that has has (i) beneficial i)beneficial ownership of, or control or direction over, directly or indirectly, or or (ii) a ii)a combination of beneficial ownership of, and control or direction over, directly or indirectly, securities of the Issuer carrying more than 10% of the voting rights attached to all of the Issuer’s 's outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or ☒ Is orIs not an Insider of the Issuer.

Appears in 1 contract

Samples: Convertible Debenture Subscription Agreement (Grown Rogue International Inc.)

Insider Status. The Subscriber either: ☐ Is an “Insider” of the Issuer as defined in the Securities Act (Ontario), by virtue of being: (a) a director or an officer of the Issuer; (b) a director or an officer of a person that is an Insider or subsidiary of the Issuer; (c) a person that has (i) beneficial ownership of, or control or direction over, directly or indirectly, or (ii) a combination of beneficial ownership of, and control or direction over, directly or indirectly, securities of the Issuer carrying more than 10% of the voting rights attached to all of the Issuer’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or Is not an Insider of the Issuer.

Appears in 1 contract

Samples: Convertible Debenture Subscription Agreement (Grown Rogue International Inc.)

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