Common use of Warrants to be issued by SpinCo Clause in Contracts

Warrants to be issued by SpinCo. If the Warrants hereunder have not been exercised prior to the Separation Transaction, the parties agree that in connection with the Separation Transaction, the Holder of this Warrant Certificate shall exercise this Warrant Certificate to acquire one (1) Common Share. The parties further acknowledge and agree that immediately after the Separation Transaction, the Corporation shall cause SpinCo to provide the Holder with new warrant certificate on substantially the terms of this Warrant Certificate (the "SpinCo Warrant Certificate") with such equitable adjustments as are necessary to give effect to the Separation Transaction, including as further provided in Section 5.2.

Appears in 5 contracts

Samples: Agreement (1397468 B.C. Ltd.), Agreement (1397468 B.C. Ltd.), Lithium Offtake Agreement (1397468 B.C. Ltd.)

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