AGENCY AGREEMENTAgency Agreement • October 23rd, 2018 • British Columbia
Contract Type FiledOctober 23rd, 2018 Jurisdiction
AGENCY AGREEMENTAgency Agreement • October 1st, 2018 • British Columbia
Contract Type FiledOctober 1st, 2018 JurisdictionEight Capital (the “Lead Agent”) and Industrial Alliance Securities Inc. (together with the Lead Agent, the “Agents”) understand that CNX Holdings Inc., a corporation organized under the laws of Ontario (the “Corporation”), proposes to issue and sell an aggregate of up to 4,515,717 subscription receipts of the Corporation (each, a “Subscription Receipt” and collectively, the “Subscription Receipts”) at a price of $1.50 per Subscription Receipt (the “Offering Price”) for aggregate proceeds of up to $6,773,575.50 (the “Offering”). The Lead Agent and the Corporation agree that (i) up to 2,900,820 Class A common shares in the capital of the Corporation (“Class A Shares”) may be allocated and sold to certain subscribers on a president’s list (the “President’s List”) and (ii) select investors, as agreed to by the Lead Agent and the Corporation in writing, are excluded from the Agents’ services under this Agreement (the “Excluded Subscribers”). The Lead Agent also acknowledges and agrees that