LONG-TERM COMMON SHARE PURCHASE WARRANT DRAGONWAVE INC.Common Share Purchase Warrant • August 8th, 2016 • Dragonwave Inc • Radiotelephone communications • Ontario
THIS COMMON SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after August 8, 2016 (the “Initial Exercise Date”) and on or prior to the close of business on the five (5) year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Dragonwave Inc., a corporation incorporated under the Canada Business Corporations Act (the “Company”), up to common shares of the Corporation (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one common share of the Company (a “Common Share”) shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant is one of the Long-Term Warrants comprising part of the Units issued pursuant to (i) that certain underwriting agreement dated August 3, 2016 between the Company a
