Common use of Subscription and Use of Proceeds Clause in Contracts

Subscription and Use of Proceeds. 1.1 On the basis of the representations and warranties and subject to the terms and conditions set forth herein, ________________________________________________(the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase ______________________________ units (each a “Unit” and collectively, the “Units”) at a purchase price per Unit of U.S. $0.55 (the subscription and agreement to purchase being the “Subscription”), for an aggregate purchase price of US$___________________________ (the “Subscription Proceeds”). Each Unit shall consist of one share (each a “Unit Share”) of the Company’s common stock (the “Common Stock”), par value $0.001, and one non-transferable common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one additional share of Common Stock (each, a “Warrant Share”) at a purchase price of U.S. $0.65 for a period of 24 months from the Closing Date (as hereinafter defined). Each Warrant will be substantially in the form attached to this Subscription Agreement as Exhibit A. 1.2 On the basis of the representations and warranties and subject to the terms and conditions set forth herein, including approval of this Subscription by the TSX Venture Exchange, the Company hereby irrevocably agrees to sell and issue the Units to the Subscriber.

Subscription and Use of Proceeds. 1.1 On the basis of the representations and warranties and subject to the terms and conditions set forth herein, ________________________________________________Xx. Xxxx Xxxxx (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase ______________________________ 434,782 units (each a “Unit” and collectively, the “Units”) at a purchase price per Unit of U.S. $0.55 0.345 (the subscription and agreement to purchase being the “Subscription”), for an aggregate purchase price of US$___________________________ 150,000 (the “Subscription Proceeds”). Each Unit shall consist of one share (each a “Unit Share”) of the Company’s common stock (the “Common Stock”), par value $0.001, and one non-transferable common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one additional share of Common Stock (each, a “Warrant Share”) at a purchase price of U.S. $0.65 0.45 for a period of 24 months from the Closing Date (as hereinafter defined). Each Warrant will be substantially in the form attached to this Subscription Agreement as Exhibit A. 1.2 On the basis of the representations and warranties and subject to the terms and conditions set forth herein, including approval of this Subscription by the TSX Venture Exchange, the Company hereby irrevocably agrees to sell and issue the Units to the Subscriber.

Subscription and Use of Proceeds. 1.1 On the basis of the representations and warranties and subject to the terms and conditions set forth herein, ________________________________________________<> (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase ______________________________ <> units (each a “Unit” and collectively, the “Units”) at a purchase price per Unit of U.S. $0.55 0.30 (the subscription and agreement to purchase being the “Subscription”), for an aggregate purchase price of US$___________________________ <> (the “Subscription Proceeds”). Each Unit shall consist of one share (each a “Unit Share”) of the Company’s common stock (the “Common Stock”), par value $0.001, and one non-transferable common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one additional share of Common Stock (each, a “Warrant Share”) at a purchase price of U.S. $0.65 0.45 for a period of 24 months from the Closing Date (as hereinafter defined). Each Warrant will be substantially in the form attached to this Subscription Agreement as Exhibit A. 1.2 On the basis of the representations and warranties and subject to the terms and conditions set forth herein, including approval of this Subscription by the TSX Venture Exchange, the Company hereby irrevocably agrees to sell and issue the Units to the Subscriber.