Common Contracts

UNDERWRITING AGREEMENT

Underwriting Agreement • December 14th, 2017 • Ontario

• Contract Type
  Underwriting Agreement
• Filed
  December 14th, 2017
• Jurisdiction
  Ontario

Cannabis Strategies Acquisition Corp. (the “Corporation”) proposes to issue and sell to the Underwriter 12,500,000 class A restricted voting units of the Corporation (the “Class A Restricted Voting Units” or the “Treasury Units”). Each Class A Restricted Voting Unit has an offering price of $10.00 per Class A Restricted Voting Unit (the “Purchase Price”) and consists of one class A restricted voting share of the Corporation (each, a “Class A Restricted Voting Share”), one warrant of the Corporation (each, a “Warrant”) and one right of the Corporation (each, a “Right”). Upon the closing of a qualifying transaction (as defined herein), each Class A Restricted Voting Share will, unless previously redeemed, be automatically converted into one Class B Share (as defined herein), subject to anti-dilution adjustments. The Warrants will become exercisable, at an exercise price of $11.50, only commencing 65 days after the completion of the qualifying transaction and will expire at 5:00 p.m. (Tor