Canada Warrant Indenture for Common Shares

This Warrant Indenture provides for the issuance of share purchase warrants for common shares in a Canadian corporation.

• The shares will be issued on a one-for-one basis (1 warrant per common share).
• The exercise (purchase) price and the warrant holder's subscription rights will be adjusted accordingly in the event of subdivision or consolidation of the corporation's shares or the issue of convertible securities.
• A warrant holder may subscribe for less than the number of shares set out in their warrant certificate, and a new warrant certificate for the balance will be issued.
• The warrant holders and the trustee waive any right, cause of action or remedy as against the shareholders and directors of the corporation.

The Canada Warrant Indenture for Common Shares template is available as a fully editable MS Word download.