Common Contracts

SUBSCRIPTION RECEIPT AGREEMENT

Subscription Receipt Agreement • April 30th, 2019 • British Columbia

• Contract Type
  Subscription Receipt Agreement
• Filed
  April 30th, 2019
• Jurisdiction
  British Columbia

WHEREAS the Corporation proposes to create and issue 22,727,272 subscription receipts of the Corporation (the “Subscription Receipts”) at a price of $0.33 per Subscription Receipt (the “Subscription Price”) on a private placement basis, with each Subscription Receipt representing the right to receive one (1) unit of the Corporation (“Unit”), with such Unit consisting of one (1) variable voting share of the Corporation (“Share”) and one (1) variable voting share purchase warrant (“Warrant” and together with the Shares, the “Underlying Securities”), with each Warrant entitling the holder thereof to purchase on (1) additional Share at an exercise price equal to $0.45 for a period of thirty-six (36) months following the Closing Date (as hereinafter defined), in the manner herein set forth;