Common Contracts

UNDERWRITING AGREEMENT

Underwriting Agreement • January 19th, 2021 • British Columbia

• Contract Type
  Underwriting Agreement
• Filed
  January 19th, 2021
• Jurisdiction
  British Columbia

The undersigned, Beacon Securities Limited as lead underwriter and sole bookrunner (the “Lead Underwriter”), together with Canaccord Genuity Corp. and Eight Capital (collectively, the “Underwriters” and each individually, an “Underwriter”), understand that VEXT Science, Inc. (the “Corporation”) proposes to issue and sell to the Underwriters, 16,100,000 units of the Corporation (the “Base Units”), on an “bought deal” underwritten basis, at a purchase price of $1.12 per Base Unit (the “Offering Price”), for aggregate gross proceeds of $18,032,000. Each Unit (as defined herein) shall be comprised of one Subordinated Voting Share (as defined herein, and as a constituent of the Unit, a “Unit Share”) and one-half of one share purchase warrant (each whole share purchase warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Subordinated Voting Share (a “Warrant Share”) at an exercise price of $1.40 until the Expiry Date (as defined herein), subject to the Accelera