Common use of Issue of Collateral Shares Clause in Contracts

Issue of Collateral Shares. (a) At the First Closing, the Company shall issue and Electronically Deliver to the Investor or its nominee the Collateral Shares in consideration of the Investor entering into this Agreement and agreeing to purchase the Convertible Securities and Placement Shares on the terms and conditions set out in this Agreement.

Issue of Collateral Shares. (a) At the First Closing, the Company shall issue and Electronically Deliver the Collateral Shares to the Investor or its nominee the designee or nominee. The Collateral Shares shall be issued to secure the Loan, and in consideration of the Investor entering agreeing to enter into this Agreement and agreeing make the Loan to purchase the Convertible Securities and Placement Shares on the terms and conditions set out in this AgreementCompany.