Obligations on Exercise Clause Samples

Obligations on Exercise. As soon as reasonably practicable following the Exercise of the outstanding Warrants and receipt of the total Exercise Price: (a) the Issuer will be obliged to issue, and the Subscriber will be obliged to subscribe for, the Ordinary Shares in accordance with the Exercise Ratio in relation to each Warrant the subject of the Exercise Notice; (b) the Issuer will procure that the name of the Subscriber or its nominee is entered in its register of shareholders as the holder of the Ordinary Shares issued on Exercise; (c) the Issuer will lodge a notice of issue of shares to the Subscriber or its nominee with the Registrar of Companies; (d) the Issuer will make an announcement to the NZX in relation to the issue of those Ordinary Shares in compliance with its obligations under NZSX Listing Rule 7.12.1; (e) the Issuer will ensure that those Ordinary Shares are quoted for trading on the NZX; and (f) the Issuer will deliver to the Subscriber or its solicitors a statement from its share registrar noting the Subscriber or its nominee (as the case may be) as the registered holder of those Ordinary Shares. Contemporaneously with the announcement to be made by the Issuer under paragraph (d) above, the Subscriber will (if required by law) lodge a substantial security holder notice with the Issuer and the NZX in compliance with its obligations under the Securities Markets ▇▇▇ ▇▇▇▇ or the Financial Markets Conduct ▇▇▇ ▇▇▇▇, as the case may be.