Common use of Release Schedule Clause in Contracts

Release Schedule. If the Issuer is an emerging 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 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) 2% of your escrow securities 6 months after the listing date 2% of your escrow securities 12 months after the listing date 8% of your escrow securities 18 months after the listing date 22% of your escrow securities 24 months after the listing date 22% of your escrow securities 30 months after the listing date 22% of your 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 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”) 2% 1/10 of your escrow securities 6 months after the listing date 2% 1/6 of your remaining escrow securities 12 months after the listing date 8% 1/5 of your remaining escrow securities 18 months after the listing date 22% 1/4 of your remaining escrow securities 24 months after the listing date 22% 1/3 of your remaining escrow securities 30 months after the listing date 22% 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 [(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) 2% of your escrow securities 6 months after the listing date 2% of your escrow securities 12 months after the listing date 8% of your escrow securities 18 months after the listing date 2210% of your escrow securities 24 months after the listing date 2215% of your escrow securities 30 months after the listing date 2215% of your 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 [(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”) 2% 1/10 of your escrow securities 6 months after the listing date 2% 1/6 of your remaining escrow securities 12 months after the listing date 8% 1/5 of your remaining escrow securities 18 months after the listing date 22% 1/4 of your remaining escrow securities 24 months after the listing date 22% 1/3 of your remaining escrow securities 30 months after the listing date 22% 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities

Release Schedule. If Notwithstanding if the Issuer is an emerging issuer [or an established 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 ) your 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 : Date of this Agreement: Release Percentage of Escrowed Securities to be Released Number of Securities to be Released On the date the Issuer’s 's securities are listed on a the Canadian exchange Securities Exchange (the listing date) 210% of your escrow securities 560,410 6 months after the listing fisting date 215% of your escrow securities 840,615 12 months after the listing fisting date 815% of your escrow securities 840,615 18 months after the listing date 2215% of your escrow securities 840,615 24 months after the listing fisting date 2215% of your escrow securities 840,615 30 months after the listing date 2215% of your escrow securities 840,615 36 months after the listing date 15% of your remaining escrow securities840,615