Common use of Release Schedule Clause in Contracts

Release Schedule. If the Issuer is an emerging issuer (as defined in section 3.3 of the Policy) and you have not sold any escrow securities in a permitted secondary offering, your escrow securities will be released as follows: On the Listing Date 1/10 of your escrow securities 6 months after the Listing Date 1/6 of your remaining escrow securities 12 months after the Listing Date 1/5 of your remaining escrow securities 18 months after the Listing Date 1/4 of your remaining escrow securities 24 months after the Listing Date 1/3 of your remaining escrow securities 30 months after the Listing Date 1/2 of your remaining escrow securities 36 months after the Listing Date your remaining escrow securities

Release Schedule. If the Issuer is an “emerging issuer issuer” (as defined in section 3.3 of the Policy) and you have not sold any escrow securities in a permitted secondary offering, your escrow securities will be released as follows: On the Listing Date date the Issuer’s securities are listed on a Canadian exchange (the “listing date”) 1/10 of your escrow securities 6 months after the Listing Date listing date 1/6 of your remaining escrow securities 12 months after the Listing Date listing date 1/5 of your remaining escrow securities 18 months after the Listing Date listing date 1/4 of your remaining escrow securities 24 months after the Listing Date listing date 1/3 of your remaining escrow securities 30 months after the Listing Date listing date 1/2 of your remaining escrow securities 36 months after the Listing Date listing date your remaining escrow securities