Common use of Usual case Clause in Contracts

Usual case. If the Issuer is an emerging issuer (as defined in section 3.3 of the Policy) and you have not sold any Escrowed Securities in a permitted secondary offering, your Escrowed Securities will be released as follows: On , 2 , the date the Issuer’s securities are listed on a Canadian exchange (the "listing date") 1/10 of your Escrowed Securities 6 months after the listing date 1/6 of your remaining Escrowed Securities 12 months after the listing date 1/5 of your remaining Escrowed Securities 18 months after the listing date 1/4 of your remaining Escrowed Securities 24 months after the listing date 1/3 of your remaining Escrowed Securities 30 months after the listing date 1/2 of your remaining Escrowed Securities 36 months after the listing date Your remaining Escrowed Securities

Usual case. If the Issuer is an emerging issuer (an “Established Issuer”) (as defined in section 3.3 of the Policy) and you have not sold any Escrowed Escrow Securities in a permitted secondary offeringPermitted Secondary Offering, your Escrowed Escrow Securities will be released as follows: On , 2 , the date the Issuer’s securities are listed on a Canadian exchange (the "listing date"“Listing Date”) 1/10 1/4 of your Escrowed Escrow Securities 6 months after the listing date 1/6 Listing Date 1/3 of your remaining Escrowed Escrow Securities 12 months after the listing date 1/5 Listing Date 1/2 of your remaining Escrowed Escrow Securities 18 months after the listing date 1/4 of Listing Date your remaining Escrowed Escrow Securities 24 months after *In the listing date 1/3 simplest case, where there are no changes to the Escrow Securities initially deposited and no Additional Escrow Securities, then the release schedule outlined above results in the Escrow Securities being released in equal tranches of your remaining Escrowed Securities 30 months after the listing date 1/2 of your remaining Escrowed Securities 36 months after the listing date Your remaining Escrowed Securities25%.