Common use of Rights Offering Closing Clause in Contracts

Rights Offering Closing. The closing of the Rights Offering, including the closing of the purchase by Glencore and sale by PolyMet of the Standby Shares, if any, to be purchased by Glencore hereunder will be completed at 5:30 a.m. (Vancouver time) (the "Rights Offering Closing Time") on the second Business Day following the Rights Offering Expiry Date (the "Rights Offering Closing Date") or at such other time and/or on such other date as PolyMet and Glencore may agree upon in writing. On such date, and upon payment being made by Glencore in accordance with Sections 2.7 and 2.9 of this Schedule 2 PolyMet will: (x) deliver (or cause to be delivered) to Glencore definitive certificates representing the number of Shares that is equal to the aggregate of (a) the number of Basic Entitlement Shares to be purchased by Glencore, (b) the number of any Standby Shares to be purchased by Glencore, and (c) the number of any Additional Subscription Shares to be purchased by Glencore, such certificates to be registered in the name of Glencore or one or more designees of Glencore, as applicable; and (y) pay the fee set out in Section 2.8 of this Schedule 2 to Glencore or one or more of its designees.

Rights Offering Closing. The closing of the Rights Offering, including the closing of the purchase by Glencore and sale by PolyMet of the Standby Shares, if any, to be purchased by Glencore hereunder will be completed at 5:30 8:30 a.m. (Vancouver time) (the "“Rights Offering Closing Time"”) on the second Business Day following the Rights Offering Expiry Date (the "“Rights Offering Closing Date"”) or at such other time and/or on such other date as PolyMet and Glencore may agree upon in writing. On such date, and upon payment being made by Glencore in accordance with Sections 2.7 2.6 and 2.9 2.8 of this Schedule 2 PolyMet will: (x) deliver (or cause to be delivered) to Glencore definitive certificates representing the number of Shares that is equal to the aggregate of of: (a) the number of Basic Entitlement Shares to be purchased by Glencore, ; (b) the number of any Standby Shares to be purchased by Glencore, ; and (c) the number of any Additional Subscription Shares to be purchased by Glencore, such certificates to be registered in the name of Glencore or one or more designees of Glencore, as applicable; and (y) pay the fee set out in Section 2.8 of this Schedule 2 Standby Fee to Glencore or one or more of its designees.

Rights Offering Closing. The closing of the Rights Offering, including the closing of the purchase by Glencore and sale by PolyMet of the Standby Shares, if any, to be purchased by Glencore hereunder will be completed at 5:30 8:30 a.m. (Vancouver time) (the "Rights Offering Closing Time") on the second Business Day following the Rights Offering Expiry Date (the "Rights Offering Closing Date") or at such other time and/or on such other date as PolyMet and Glencore may agree upon in writing. On such date, and upon payment being made by Glencore in accordance with Sections 2.7 Section 2.6 of this Schedule 2 and 2.9 Section 2.8 of this Schedule 2 PolyMet will: (x) deliver (or cause to be delivered) issue to Glencore definitive certificates representing in electronic book-entry form the number of Shares that is equal to the aggregate of of: (a) the number of Basic Entitlement Shares to be purchased by Glencore, ; (b) the number of any Standby Shares to be purchased by Glencore, ; and (c) the number of any Additional Subscription Shares to be purchased by Glencore; (y) reflect Glencore's receipt of such Shares in electronic book-entry form, including registering such certificates to be registered Shares in the name of Glencore or one or more designees of Glencore, as applicable; and (yz) pay the fee set out in Section 2.8 of this Schedule 2 Standby Fee to Glencore or one or more of its designees.