UNDERWRITING AGREEMENTUnderwriting Agreement • June 26th, 2021 • Ontario
Contract Type FiledJune 26th, 2021 JurisdictionBased upon and subject to the terms and conditions set out below, Canaccord Genuity Corp. and Beacon Securities Limited (the “Co-Lead Underwriters”), as co-lead underwriters and joint bookrunners, and PI Financial Corp. (collectively, the “Underwriters” and each individually, an “Underwriter”) hereby severally, in the respective percentages set forth in Section 16 of this Agreement, and not jointly, offer to purchase from Indus Holdings, Inc. (the “Company”) and the Company hereby agrees to sell to the Underwriters, 20,000,000 units (each a “Unit”) of the Company at a price of $1.50 per Unit (the “Issue Price”), for aggregate gross proceeds to the Company of $30,000,000. Each Unit shall consist of one subordinate voting share of the Company (each a “Subordinate Voting Share”) and one-half of one subordinate voting share purchase warrant (each whole subordinate voting share purchase warrant, a “Warrant”). The Warrants will be issued on the Closing Date (as defined herein) pursuant to a