Common use of Option Completion Clause in Contracts

Option Completion. 5.1 Issuer’s obligations prior to Option Completion (a) Prior to the Condition being satisfied or waived (as applicable), the Issuer must: (i) prepare a Prospectus that satisfies the requirements of section 713 of the Corporations Act and which contains an offer of the Subscription Options for issue; and (ii) provide to the Subscriber a draft of the Prospectus, for the purpose of enabling the Subscriber to review and comment on that draft document, and taking into account in good faith any reasonable comments provided promptly and in any event within 2 Business Days by or on behalf of the Subscriber. (b) Within 5 Business Days after the Condition is satisfied or waived (as applicable), the Issuer must lodge the Prospectus with ASIC and ASX. (c) The Issuer agrees to keep the Subscriber informed of any matters raised by ASIC in relation to the Prospectus and to use all reasonable endeavours, in co-operation with the Subscriber, to resolve any such matters.