Common use of Standby Purchase Commitment Clause in Contracts

Standby Purchase Commitment. 2.1 Upon and subject to the terms and conditions of this Agreement, the Standby Purchasers hereby agree that if less than 1,552,044 Common Shares are subscribed for under the Rights Offering, they, or their respective permitted assignee(s) in accordance with Section 9.8, will subscribe for and purchase from Burcon and Burcon hereby agrees to issue and sell to the Standby Purchasers, or their respective permitted assignee(s), at the Subscription Price such number of Common Shares available to be purchased, but not otherwise subscribed for, under the Rights Offering so that 1,552,044 Common Shares will have been issued under the Rights Offering, being the maximum number of Common Shares that may be issued under the Rights Offering. To the extent necessary to fulfill the Standby Commitment and subject to Section 2.2, the Standby Purchasers or their permitted assignee(s) shall:

Standby Purchase Commitment. 2.1 Upon and subject to the terms and conditions of this Agreement, the Standby Purchasers hereby agree that if less than 1,552,044 1,990,708 Common Shares are subscribed for under the Rights Offering, they, or their respective permitted assignee(s) in accordance with Section 9.8, will subscribe for and purchase from Burcon and Burcon hereby agrees to issue and sell to the Standby Purchasers, or their respective permitted assignee(s), at the Subscription Price such number of Common Shares available to be purchased, but not otherwise subscribed for, under the Rights Offering so that 1,552,044 1,990,708 Common Shares will have been issued under the Rights Offering, being the maximum number of Common Shares that may be issued under the Rights Offering. To the extent necessary to fulfill the Standby Commitment and subject to Section 2.2, the Standby Purchasers or their permitted assignee(s) shall:

Standby Purchase Commitment. 2.1 Upon and subject to the terms and conditions of this Agreement, the Standby Purchasers Purchaser hereby agree agrees that if less than 1,552,044 4,728,397 Common Shares are subscribed for under the Rights Offering, theyhe, or their respective his permitted assignee(s) in accordance with Section 9.8, will subscribe for and purchase from Burcon and Burcon hereby agrees to issue and sell to the Standby PurchasersPurchaser, or their his respective permitted assignee(s), at the Subscription Price such number of Common Shares available to be purchased, but not otherwise subscribed for, under the Rights Offering so that 1,552,044 4,728,397 Common Shares will have been issued under the Rights Offering, being fifty percent (50%) of the maximum number of Common Shares that may be issued under the Rights Offering. To the extent necessary to fulfill the Standby Commitment and subject to Section 2.2, the Standby Purchasers Purchaser or their his permitted assignee(s) shall:

Standby Purchase Commitment. 2.1 Upon and subject to the terms and conditions of this Agreement, the Standby Purchasers hereby agree that if less than 1,552,044 930,138 Common Shares are subscribed for under the Rights Offering, they, or their respective permitted assignee(s) in accordance with Section 9.8, will subscribe for and purchase from Burcon and Burcon hereby agrees to issue and sell to the Standby Purchasers, or their respective permitted assignee(s), at the Subscription Price such number of Common Shares available to be purchased, but not otherwise subscribed for, under the Rights Offering so that 1,552,044 a minimum of 930,138 Common Shares will have been issued under the Rights Offering, being the maximum number of Common Shares that may be issued under the Rights Offering. To the extent necessary to fulfill the Standby Commitment and subject to Section 2.2, the Standby Purchasers or their permitted assignee(s) shall: