Common use of Exchange and Cancellation of Securities Clause in Contracts

Exchange and Cancellation of Securities. Pursuant to the Amalgamation: (i) each GTI Share shall be converted into one Amalco Share; (ii) each Yooma Share shall be converted into such number of ▇▇▇▇▇▇ ▇▇▇▇▇▇ equal to the product of (i) the number of ▇▇▇▇▇ ▇▇▇▇▇▇ held by such ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇; and (ii) the Yooma Exchange Ratio; (iii) the stated capital of the Amalco Shares shall be equal to the total of the aggregate paid-up capital (as such term is defined in the Tax Act) of the Yooma Shares and the GTI Shares immediately prior to the Amalgamation (excluding, for greater certainty, (A) any Yooma Shares owned by GTI, or GTI Shares owned by Yooma, in each case immediately prior to the Amalgamation, and (B) any GTI Shares or Yooma Shares held by Dissenting Holders and dealt with under Sections 2.3(a) or 2.3(b)); (iv) each GTI Option and GTI RSU shall become exercisable for Amalco Shares on and subject to the terms and conditions thereof; and (v) the Amalco Option Plan shall be adopted.