AGENCY AGREEMENTAgency Agreement • May 17th, 2019 • Alberta
Contract Type FiledMay 17th, 2019 JurisdictionAcumen Capital Finance Partners Limited (“Acumen”), as sole bookrunner, and Canaccord Genuity Corp. (together with Acumen, the “Agents”), as co-lead agents, understand that Inner Spirit Holdings Ltd. (the “Corporation”) proposes to issue and sell a minimum of 6,000 senior secured convertible debenture units (each, a “Debenture Unit” and, collectively, the “Debenture Units”) at a price of $1,000 per Debenture Unit (the “Issue Price”), with each Debenture Unit consisting of one senior secured convertible debenture of the Corporation in the principal amount of $1,000 (each, a “Convertible Debenture” and, collectively, the “Convertible Debentures”) and 2,000 common share purchase warrants of the Corporation (each, a “Unit Warrant” and, collectively, the “Unit Warrants”) for aggregate gross proceeds to the Corporation of a minimum of $6,000,000 (the “Minimum Offering”) and a maximum of 7,500 Debenture Units at the Issue Price for aggregate gross proceeds to the Corporation of a maximum of $