Common use of UNDERWRITING PERCENTAGES Clause in Contracts

UNDERWRITING PERCENTAGES. 7.1 The obligations of the Underwriters hereunder, including the obligation to purchase Units at the Closing Time shall be several, and not joint, and shall be limited to the percentages of the aggregate percentage of the Units set out opposite the name of the Underwriters below: Canaccord Capital Corporation 70% First Associates Investments Inc. 10% ▇▇▇▇▇▇▇ Securities Inc. 10% TD Securities Inc. 10% 7.2 In the event that any Underwriter shall fail to purchase its applicable percentage of the Units or Additional Units, if applicable, at the Closing Time, the others shall have the right, but shall not be obligated, to purchase all of the percentage of the Units which would otherwise have been purchased by that one of the Underwriters which is in default; the Underwriters exercising such right shall purchase such Units pro rata to their respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event that such right is not exercised, the others which are not in default shall be relieved of all obligations to the Corporation arising from such default. Nothing in this section shall oblige the Corporation to sell to the Underwriters less than all of the Units or relieve from liability to the Corporation any Underwriter which shall be so in default. 7.3 The Underwriters agree as between themselves that the Lead Underwriter shall receive from the Underwriters Fee a 5% work fee which will be shared between them on a pro rata basis.

UNDERWRITING PERCENTAGES. 7.1 6.1 The obligations of the Underwriters hereunder, including the obligation to purchase Units Shares at the Closing Time shall be several, and not joint, and shall be limited to the percentages of the aggregate percentage of the Units Shares set out opposite the name of the Underwriters below: National Bank Financial Inc. 45% Canaccord Capital Corporation 7025% First Associates Investments Inc. 10% ▇▇▇▇▇▇▇ Pacific International Securities Inc. 1015% TD Sprott Securities Inc. 10Limited 15% 7.2 6.2 In the event that any Underwriter shall fail to purchase its applicable percentage of the Units or Additional Units, if applicable, Shares at the Closing Time, the others shall have the right, but shall not be obligated, to purchase all of the percentage of the Units Shares which would otherwise have been purchased by that one of the Underwriters which is in default; the Underwriters exercising such right shall purchase such Units Shares pro rata to their respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event that such right is not exercised, the others which are not in default shall be relieved of all obligations to the Corporation arising from such default. Nothing in this section shall oblige the Corporation to sell to the Underwriters less than all of the Units Shares or relieve from liability to the Corporation any Underwriter which shall be so in default. 7.3 The Underwriters agree as between themselves that the Lead Underwriter shall receive from the Underwriters Fee a 5% work fee which will be shared between them on a pro rata basis.

UNDERWRITING PERCENTAGES. 7.1 The obligations of the Underwriters hereunder, including the obligation to purchase Units at the Closing Time shall be several, and not joint, and shall be limited to the percentages of the aggregate percentage of the Units set out opposite the name of the Underwriters below: Canaccord Capital Corporation 70% First Associates Investments Blackmont Capital Inc. 10% ▇▇▇▇▇▇▇ Securities Inc. 10% TD Securities Inc. 10% 7.2 In the event that any Underwriter shall fail to purchase its applicable percentage of the Units or Additional Units, if applicable, at the Closing Time, the others shall have the right, but shall not be obligated, to purchase all of the percentage of the Units which would otherwise have been purchased by that one of the Underwriters which is in default; the Underwriters exercising such right shall purchase such Units pro rata to their respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event that such right is not exercised, the others which are not in default shall be relieved of all obligations to the Corporation arising from such default. Nothing in this section shall oblige the Corporation to sell to the Underwriters less than all of the Units or relieve from liability to the Corporation any Underwriter which shall be so in default. 7.3 The Underwriters agree as between themselves that the Lead Underwriter shall receive from the Underwriters Fee a 5% work fee which will be shared between them on a pro rata basis.

UNDERWRITING PERCENTAGES. 7.1 The obligations of the Underwriters hereunder, including the obligation to purchase Units at Base Shares and if the Closing Time Over-allotment Option is exercised, any obligation to purchase Additional Shares shall be several, and not joint, and shall be limited to the percentages of the aggregate percentage of the Units Base Shares and Additional Shares set out opposite the name of the Underwriters below: Canaccord Wellington West Capital Corporation 70% First Associates Investments Markets Inc. 10% ▇▇▇▇▇▇▇ Securities Inc. 10% TD Securities Inc. 1050% 7.2 In the event that any Underwriter shall fail to purchase its applicable percentage of the Units Base Shares or Additional UnitsShares, if applicable, at the Closing Time, the others shall have the right, but shall not be obligated, to purchase all of the percentage of the Units Base Shares and Additional Shares, if applicable, which would otherwise have been purchased by that one of the Underwriters which is in default; the Underwriters exercising such right shall purchase such Units Base Shares and Additional Shares, if applicable, pro rata to their respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event that such right is not exercised, the others which are not in default shall be relieved of all obligations to the Corporation arising from such defaultdefault and with respect to the Offering and shall be entitled to terminate their obligations under this Agreement. Nothing in this section shall oblige the Corporation to sell to the Underwriters less than all of the Units Shares or relieve from liability to the Corporation any Underwriter which shall be so in default. 7.3 The Underwriters agree as between themselves that the Lead Underwriter shall receive from the Underwriters Fee a 5% work fee which will be shared between them on a pro rata basis.

UNDERWRITING PERCENTAGES. 7.1 The obligations of the Underwriters hereunder, including the obligation to purchase Units Shares at the Time of Closing Time or Underwriters' Option Time of Closing, as the case may be, shall be several, and not joint, and shall be limited to the percentages of the aggregate percentage of the Units Shares set out opposite the name of the Underwriters below: Dundee Securities Corporation 42.5% Clarus Securities Inc. 42.5% Canaccord Capital Corporation 70% First Associates Investments Inc. 10% ▇▇▇▇▇▇▇ Securities Inc. 10% TD Securities Inc. 1015.0% 7.2 In the event that any Underwriter shall fail to purchase its applicable percentage of the Units Shares or Additional UnitsShares, if applicable, at the Closing TimeTime or Underwriters' Option Time of Closing, as the case may be, the others shall have the right, but shall not be obligated, to purchase all of the percentage of the Units Shares which would otherwise have been purchased by that one of the Underwriters which is in default; the Underwriters exercising such right shall purchase such Units Shares pro rata to their respective percentages aforesaid or in such other proportions as they may otherwise agree. In the event that such right is not exercised, the others which are not in default shall be relieved of all obligations to the Corporation arising from such default. Nothing in this section shall oblige the Corporation to sell to the Underwriters less than all of the Units Shares or relieve from liability to the Corporation any Underwriter which shall be so in default. 7.3 The Underwriters agree as between themselves that the Lead Underwriter shall receive from the Underwriters Fee a 5% work fee which will be shared between them on a pro rata basis.