Common use of Usual case Clause in Contracts

Usual case. If the Issuer is an established issuer (as defined in section 3.3 of NP 46-201) and you have not sold any Escrowed Securities in a permitted secondary offering, your Escrowed Securities will be released as follows: The date the Issuer’s securities are listed on a Canadian exchange (the “Listing Date”) 1/4 of your Escrowed Securities 6 months after the Listing Date 1/3 of your remaining Escrowed Securities 12 months after the Listing Date 1/2 of your remaining Escrowed Securities 18 months after the Listing Date your remaining Escrowed Securities *In the simplest case, where there are no changes to the Escrowed Securities initially deposited and no Additional Escrowed Securities, then the release schedule outlined above results in the Escrowed Securities being released in equal tranches of 25%.

Usual case. If the Issuer is an established issuer (as defined in section 3.3 of NP 46-201the Policy) and you have not sold any Escrowed Securities in a permitted secondary offering, your Escrowed Securities will be released as follows: The On the date the Issuer’s securities are listed on a Canadian exchange (the “Listing Datelisting date”) 1/4 of your Escrowed Securities 6 months after the Listing Date listing date 1/3 of your remaining Escrowed Securities 12 months after the Listing Date listing date 1/2 of your remaining Escrowed Securities 18 months after the Listing Date listing date your remaining Escrowed Securities *In the simplest case, where there are no changes to the Escrowed Securities initially deposited and no Additional Escrowed Securities, then the release schedule outlined above results in the Escrowed Securities being released in equal tranches of 25%.