Common use of QUALIFYING ISSUER Clause in Contracts

QUALIFYING ISSUER. 12.1 At the time of Closing, the Issuer will be a Qualifying Issuer and the Shares, Warrants, and Warrant Shares, Agent's Shares, Agent's Warrants and the Agent's Warrant Shares will be subject to a four month hold period from Closing. 12.2 The Issuer will provide the Agent with a copy of the Multilateral Instrument Certificate filed with Commissions within 10 days of each Closing.

QUALIFYING ISSUER. 12.1 At the time of Closing, the The Issuer will be is a Qualifying Issuer and the Shares, Warrants, and Warrant Shares, Agent's Shares, Agent's Warrants and the Agent's Warrant Shares will be subject to a four month hold period from Closing. 12.2 The Issuer will provide the Agent with a copy of the Multilateral Instrument Certificate filed with Commissions within 10 days of each Closing.