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 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 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, unless the Issuer becomes an established issuer as set out in Part 3 of this Agreement: On the 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 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, unless the Issuer becomes an established issuer as set out in Part 3 of this Agreement: On the date the Issuer’s securities are listed on a Canadian exchange (the “listing date”) 1/10 2% of your escrow securities 6 months after the listing date 1/6 2% of your remaining escrow securities 12 months after the listing date 1/5 8% of your remaining escrow securities 18 months after the listing date 1/4 10% of your remaining escrow securities 24 months after the listing date 1/3 15% of your remaining escrow securities 30 months after the listing date 1/2 15% of your remaining escrow securities 36 months after the listing date 15% of your remaining escrow securities 42 months after the listing date 15% of your escrow securities 48 months after the listing date 18% of your escrow securities

Release Schedule. If the Issuer is an “emerging issuer” (issuer [as defined in section 3.3 of National Policy 46-201 Escrow for Initial Public Offerings (the “Policy) ”)] and you have not sold any escrow securities in a permitted secondary offering, your escrow securities Escrow Securities will be released as follows, unless the Issuer becomes an established issuer as set out in Part 3 of this Agreement: On the date the Issuer’s securities are listed on a Canadian exchange (the “listing date”) 1/10 2% of your escrow securities 6 months after the listing date 1/6 2% of your remaining escrow securities 12 months after the listing date 1/5 8% of your remaining escrow securities 18 months after the listing date 1/4 22% of your remaining escrow securities 24 months after the listing date 1/3 22% of your remaining escrow securities 30 months after the listing date 1/2 22% of your remaining escrow securities 36 months after the listing date your remaining escrow securities