Common use of Legend on Common Share Certificates Clause in Contracts

Legend on Common Share Certificates. (1) Share Registrations representing Common Shares issued after the Record Time but prior to the close of business on the earlier of the Separation Time and the Expiration Time shall evidence one Right for each Common Share represented by such Share Registration and, commencing as soon as reasonably practicable after the effective date of this Agreement, if such Share Registrations are evidenced by a share certificate, such certificate shall have impressed on, printed on, written on or otherwise affixed to them, a legend in substantially the following form: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in the Shareholder Rights Plan Agreement, originally dated April 17, 2012, as amended and restated June 9, 2016, as amended and extended May 16, 2019, as amended and restated from time to time (the “Rights Agreement”), between the Corporation and Computershare Investor Services Inc., a copy of which is on file at the principal executive offices of the Corporation. Under certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become null and void or may be evidenced by separate certificates and no longer evidenced by this certificate.

Legend on Common Share Certificates. (1) Share Registrations representing Common Shares issued after the Record Time but prior to the close of business on the earlier of the Separation Time and the Expiration Time shall evidence one Right for each Common Share represented by such Share Registration and, commencing as soon as reasonably practicable after the effective date of this Agreement, if such Share Registrations are evidenced by a share certificate, such certificate shall have impressed on, printed on, written on or otherwise affixed to them, a legend in substantially the following form: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in the a Shareholder Rights Plan Agreement, originally dated April 17March 22, 2012, as amended and restated June 9, 2016, as amended and extended May 16, 20192011, as amended and restated from time to time (the “Rights Agreement”), ) between the Corporation North American Palladium Ltd. and Computershare Investor Services Inc., a copy of which is on file at the principal executive offices of the Corporation. Under certain circumstances set out in the Rights Agreement, the such rights may be redeemed, may expire, may become null and void or may be evidenced by separate certificates and no longer evidenced by this certificate.

Legend on Common Share Certificates. (1) Share Registrations representing Common Shares issued after the Record Time but prior to the close of business on the earlier of the Separation Time and the Expiration Time shall evidence one Right for each Common Share represented by such Share Registration and, commencing as soon as reasonably practicable after the effective date of this Agreement, if such Share Registrations are evidenced by a share certificate, such certificate shall have impressed on, printed on, written on or otherwise affixed to them, a legend in substantially the following form: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in the a Shareholder Rights Plan Agreement, originally dated April 17, 2012, as amended and restated June 9, 2016, as amended and extended May 16, 2019, as amended and restated from time to time (the “Rights Agreement”), between the Corporation and Computershare Investor Services Inc., a copy of which is on file at the principal executive offices of the Corporation. Under certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become null and void or may be evidenced by separate certificates and no longer evidenced by this certificate.

Legend on Common Share Certificates. (1) Share Registrations representing Certificates issued for Common Shares, including without limitation Common Shares issued upon the conversion of Convertible Securities, after the Record Time but prior to the close of business on the earlier of the Separation Time and the Expiration Time shall evidence one Right for each Common Share represented by such Share Registration thereby and, commencing as soon as reasonably practicable after the effective date of this Agreement, if such Share Registrations are evidenced by a share certificate, such certificate shall have impressed on, printed on, written on or otherwise affixed to them, a legend in substantially the following form: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in the a Shareholder Rights Plan Agreement, originally dated April 17August 16, 20122010, as amended and restated June 9, 2016, as amended and extended May 16, 2019, as amended and restated such may from time to time be amended, restated, varied or replaced (the “Rights Agreement”), between the Corporation and Computershare Investor Services Inc.CIBC Mellon Trust Company, as Rights Agent, the terms of which are hereby incorporated herein by reference and, a copy of which is on file at the principal executive offices of the CorporationCorporation and is available for viewing at xxx.xxxxx.xxx. Under certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become null and void or may be evidenced by separate certificates and no longer evidenced by this certificate.

Legend on Common Share Certificates. (1) Share Registrations representing Certificates issued for Common Shares, including without limitation Common Shares issued upon the conversion of Convertible Securities, after the Record Time but prior to the close of business on the earlier of the Separation Time and the Expiration Time shall evidence one Right for each Common Share represented by such Share Registration thereby and, commencing as soon as reasonably practicable after the effective date of this AgreementEffective Date, if such Share Registrations are evidenced by a share certificate, such certificate shall have impressed on, printed on, written on or otherwise affixed to them, a legend in substantially the following form: Until the Separation Time (defined in the Rights Agreement referred to below), this certificate also evidences rights of the holder described in the a Shareholder Rights Plan Agreement, originally dated April 17November 4, 20122013, as amended and restated June 9, 2016, as amended and extended May 16, 2019, as amended and restated such may from time to time be amended, restated, varied or replaced (the “Rights Agreement”), between the Corporation and Computershare Investor Services Inc.Trust Company of Canada, as Rights Agent, the terms of which are hereby incorporated herein by reference, and a copy of which is on file at the principal executive offices of the CorporationCorporation and is available for viewing at xxx.xxxxx.xxx. Under certain circumstances set out in the Rights Agreement, the rights may be redeemed, may expire, may become null and void or may be evidenced by separate certificates and no longer evidenced by this certificate.