Exhibit 10.1
SUBSCRIPTION AGREEMENT
| TO: Battery Mineral Resources Corp. (the “Issuer”) | DATE: November 6, 2026 |
The Securities. The securities being sold pursuant to this Agreement (the “Securities”) consist of common shares of the Issuer at a price of Cdn$0.20 per common share.
In this Agreement, “Business Day” means a day other than a Saturday, Sunday or any other day on which the principal chartered banks located in Vancouver, British Columbia are not open for business.
The undersigned subscriber (the “Subscriber”) hereby irrevocably offers to subscribe for and agrees to purchase from the Issuer the number of Securities set forth below for the total purchase price set forth below (the “Purchase Price”) upon and subject to the terms, conditions, covenants, representations and warranties set forth in the “Terms and Conditions of Subscription for Securities” attached as Appendix I hereto (the “Subscription Terms”). The Subscription Terms and the schedules hereto are expressly incorporated herein.
| Number of Securities: | 7,000,000 | Total Purchase Price: | Cdn$ | 1,400,000 |
The Subscriber represents and warrants that:
| 1. | the Subscriber either does not own any securities of the Issuer or beneficially owns (directly or indirectly), or exercises control or direction over the following securities: |
| Common Shares | |||
| Other Securities | |||
| (e.g., Warrants or Options) |
| 2. | the Subscriber is ☐ / is not X (check one) an Insider (as defined on page 3) of the Issuer; |
| 3. | the Subscriber is ☐ / is not X (check one) a member of the Pro Group (as defined on page 3); |
| 4. | the Subscriber is ☐ / is not X (check one) a Registrant (as defined on page 3); |
| 5. | the Subscriber is ☐ / is not X (check one) a related party of the Issuer within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. |
| 6. | if a non-individual, the Subscriber: |
| a. | has ☐ /does not have X (check one) a Beneficial Owner (as defined on page 3) and, if it has a Beneficial Owner, the name and address of the Beneficial Owner is as follows: |
| b. | has X completed the attached Schedule B - Corporate Placee Registration Form, if required by the TSX Venture Exchange (the “Exchange”). |
| 7. | if signing as an agent for a principal and not deemed to be purchasing as a principal (as defined on page 3), the name and residential address of such principal is as follows: |
| Subscriber’s Information and Signature | Certificate Delivery Instructions | ||||||
| (if different from the name and address given in the box to the left) | |||||||
| Greenland Mines Ltd | |||||||
| (Full Name of Subscriber) | Name of Contact: | ||||||
| Account # (if applicable): | |||||||
| /s/ Jeff LeBlanc | Delivery Address: | ||||||
| (Signature of Subscriber or Authorized Signatory) | |||||||
| Telephone Number: | |||||||
| Jeff LeBlanc, Chief Financial Officer | E-mail Address: | ||||||
| (Name and Title of Authorized Signatory, if applicable) | |||||||
| Certificate Registration Instructions | |||||||
| Residential Address: | (if different from the name and address given in the box to the left) | ||||||
| 1300 South Boulevard, Suite D | Name: | ||||||
| Charlotte, NC 28203 | Account # (if applicable): | ||||||
| Registration Address: | |||||||
| Telephone Number: | (646) 223-0452 | ||||||
| E-mail Address*: | jeff@greenlandmines.com | ||||||
| *by inserting your email address here you consent to the use of your e-mail address to receive shareholder communication from the Issuer | |||||||
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ACCEPTANCE: The Issuer hereby accepts the above subscription on the terms and conditions contained in this Agreement.
| BATTERY MINERAL RESOURCES CORP. | November 6, 2026. | ||
| Execution Date | |||
| Per: | |||
| Authorized Signatory | |||
DEFINITIONS:
| 1. | “Beneficial Owner” means the ultimate control person who holds collectively, whether directly or indirectly, securities of the Subscriber entitling such person to greater than 50% of the number of votes entitled to vote on an election of directors of the Subscriber (such level of securityholding referred to below as “Voting Control”). For this purpose securities held by every “affiliate” of a person are considered to be held indirectly by the person. Persons are “affiliates” of each other as a result of one having Voting Control over the other, whether such Voting Control is through the direct ownership of securities or indirectly through one or more other persons which are linked down through a chain of persons, each of which has Voting Control over the one below it. The person at the top of such chain of persons is the ultimate control person referred to above. For the purposes of this definition “person” includes individuals, corporations, partnerships, limited partnerships, syndicates or other unincorporated forms of organization. |
| 2. | “deemed to be purchasing as principal” means purchasing as principal under section 2.3 of NI 45-106 by virtue of being a trust company or trust corporation described in paragraph (p) of, or by virtue of being a person described in paragraph (q) of, the definition “accredited investor” in section 1.1 of NI 45-106, and the Securities are being acquired by such principal as principal. |
| 3. | “Exchange” means TSX Venture Exchange. |
| 4. | “Insider” of an issuer, as defined in the Securities Act (British Columbia), means: |
| (a) | a director or officer of the issuer; |
| (b) | a director or officer of a person that is itself an insider or subsidiary of the issuer; |
| (c) | a person that has (i) beneficial ownership of, or control or direction over, directly or indirectly or (ii) a combination beneficial ownership of, and control or direction over, directly or indirectly, securities of the issuer carrying more than 10% of the voting rights attached to all the issuer’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or |
| (d) | the issuer itself, if it has purchased, redeemed or otherwise acquired a security of its own issue, for so long as it continues to hold that security. |
| 5. | “NI 45-106” means National Instrument 45-106 of the Canadian Securities Administrators. |
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| 6. | “Pro Group” as defined in the Corporate Finance Manual of the Exchange means: |
| (a) | Subject to subparagraphs (b), (c) and (d), “Pro Group” shall include, either individually or as a group: |
| (i) | the member (i.e., a member of the Exchange under the Exchange requirements); |
| (ii) | employees of the member; |
| (iii) | partners, officers and directors of the member; |
| (iv) | affiliates of the member; and |
| (v) | associates of any parties referred to in subparagraphs (i) through (iv). |
| (b) | The Exchange may, in its discretion, include a person or party in the Pro Group for the purposes of a particular calculation where the Exchange determines that the person is not acting at arm’s length to the member; |
| (c) | The Exchange may, in its discretion, exclude a person from the Pro Group for the purposes of a particular calculation where the Exchange determines that the person is acting at arm’s length of the member; |
| (d) | The member may deem a person who would otherwise be included in the Pro Group pursuant to subparagraph (a) to be excluded from the Pro Group where the member determines that: |
| (i) | the person is an affiliate or associate of the member acting at arm’s length of the member; |
| (ii) | the associate or affiliate has a separate corporate and reporting structure; |
| (iii) | there are sufficient controls on information flowing between the member and the associate or affiliate; and |
| (iv) | the member maintains a list of such excluded persons. |
| 7. | “Registrant” means a person registered or required to be registered under the securities legislation of a jurisdiction of Canada. |
| 8. | “U.S. Subscriber” means any Subscriber who meets one or more of the following criteria: (a) any Subscriber who is resident in the United States or a “U.S. person” as defined in Rule 902(k) of Regulation S (“Regulation S”) under the United States Securities Act of 1933, as amended; (b) any person purchasing the Securities on behalf of, or for the account or benefit of, any U.S. person or any person in the United States; (c) any person who receives or received an offer of the Securities while in the United States; or (d) any person who is or was (or its authorized signatory is or was) in the United States at the time of the Subscriber’s buy order was made or this Agreement was executed or delivered; provided however, “U.S. Subscriber” shall exclude Persons excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(vi) or Rule 902(k)(2)(i) of Regulation S. |
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APPENDIX I
TERMS AND CONDITIONS OF SUBSCRIPTION FOR SECURITIES
The Subscriber hereby unconditionally and irrevocably subscribes for and agrees to purchase the Securities described on page 1 upon and subject to the following terms and conditions:
| 1. | The Private Placement. The Subscriber acknowledges that the Subscriber’s Securities will be issued in connection with a private placement offering of Securities (the “Private Placement”). The Subscriber acknowledges that finders’ fees may be payable by the Issuer in connection with the Private Placement in cash and/or in securities of the Issuer. |
| 2. | Conditions and Closing. This Agreement shall be subject to acceptance by the Issuer and approval by the stock exchange(s) or regulatory authority(ies) having jurisdiction with respect to the Issuer (collectively, the “Regulatory Authorities”). The Securities will be allotted and issued to the Subscriber on such date as the Issuer shall determine after receipt of any required approvals from Regulatory Authorities (the “Closing Date”). Prior to the Closing Date, the Issuer shall be free to employ the subscription funds advanced for its general corporate purposes, which funds shall (pending issuance of the Securities) be deemed to be a non-interest bearing loan from the Subscriber to the Issuer. |
Prior to the Closing Date, the Subscriber must deliver payment in full for the Purchase Price by certified cheque, bank draft or by wire transfer using the instructions provided by the Issuer.
| 3. | Termination by Subscriber. If the Closing Date does not occur by 4:00 p.m. (Pacific Time) on the date that is 60 days after the date the Subscriber delivers this Agreement and the Purchase Price to the Issuer in accordance herewith, the Subscriber may give fifteen (15) days’ written notice to the Issuer of its intention to terminate this Agreement. If the Closing Date does not occur within fifteen (15) days of the date of receipt by the Issuer of such notice, then this Agreement shall terminate and the entire Purchase Price or any part thereof advanced to the Issuer hereunder shall be repaid forthwith to the Subscriber without interest or deduction. |
| 4. | Representations and Warranties of the Issuer. By accepting this offer, the Issuer represents and warrants to the Subscriber that, as of the Closing Date: |
| (a) | the Issuer has been duly incorporated and is validly subsisting and in good standing under the laws of its jurisdiction of incorporation, continuation or amalgamation; |
| (b) | the Issuer is a reporting issuer under the securities laws of one or more jurisdictions in Canada; |
| (c) | the Shares of the Issuer are listed and posted for trading on a recognized stock exchange or quotation system; |
| (d) | no order ceasing or suspending trading in securities of the Issuer nor prohibiting the sale of the Securities has been issued and remains outstanding against the Issuer and, to the best of the Issuer’s knowledge, no investigations or proceedings for such purposes are pending or have been threatened; |
| (e) | this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate action on the part of the Issuer and, subject to acceptance by the Issuer, this Agreement constitutes a valid obligation of the Issuer legally binding upon it and enforceable in accordance with its terms subject to such limitations and prohibitions in applicable laws relating to bankruptcy, insolvency, liquidation, moratorium, reorganization, arrangement or winding-up and other laws, rules and regulations of general application affecting the rights, powers, privileges, remedies and interests of creditors generally; |
| (f) | the sale and issuance of the Securities, and the delivery of the certificates representing them, will have been approved by all requisite corporate action on or before the Closing Date and, upon issue and delivery at the closing, the Securities will be validly issued; and |
| (g) | neither the Issuer, nor any partner, director, or officer or any person directly or indirectly controlling, controlled by or under common control with the Issuer is subject to any “disqualifying event” set forth in Rule 506(d) of Regulation D under the U.S. Securities Act or any similar disqualification provision. |
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| 5. | No Undisclosed Material Knowledge. The Subscriber represents and warrants that the Subscriber is not acquiring the Securities as a result of being aware of any material information about the affairs of the Issuer that has not been publicly disclosed. |
| 6. | Risks of Private Placement and Offshore Purchaser. The Subscriber acknowledges that: |
| (a) | no securities commission or similar regulatory authority has reviewed or passed on the merits of the Securities; |
| (b) | there is no government or other insurance covering the Securities; |
| (c) | there are risks associated with the purchase of the Securities; |
| (d) | there are restrictions on the Subscriber’s ability to resell the Securities and it is the responsibility of the Subscriber to find out what those restrictions are and to comply with them before selling the Securities; and |
| (e) | the Issuer has advised the Subscriber that the Issuer is relying on an exemption from the requirements to provide the Subscriber with a prospectus and to sell the Securities through a person registered to sell securities under the Securities Act (British Columbia) (the “Act”) and, as a consequence of acquiring the Securities pursuant to these exemptions, certain protections, rights and remedies provided by the Act, including statutory rights of rescission or damages, will not be available to the Subscriber. |
| 7. | Purchasing as Principal. The Subscriber represents and warrants that the Securities are not being purchased with a view to resale or distribution in contravention of applicable securities laws or as part of a series of transactions involving further purchases and sales of the Securities and: |
| (a) | the Securities are being purchased by the Subscriber as principal for its own account and not for the benefit of any other person or the Subscriber is deemed to be purchasing as principal under section 2.3 of NI 45-106 by virtue of being a trust company or trust corporation described in paragraph (p) of, or by virtue of being a person described in paragraph (q) of, the definition “accredited investor” in section 1.1 of NI 45-106; or |
| (b) | the Securities are being purchased by the Subscriber as agent for the principal disclosed on page 1 of this Agreement and the Subscriber is not deemed to be purchasing as principal under section 2.3 of NI 45-106 by virtue of being a trust company or trust corporation described in paragraph (p) of, or by virtue of being a person described in paragraph (q) of, the definition “accredited investor” in section 1.1 of NI 45-106, and the Securities are being acquired by such principal as principal, the Subscriber is the principal’s agent with proper authority to execute all documents in connection with this purchase on behalf of such principal and the representations, warranties, acknowledgements and covenants of the Subscriber herein (including any Schedules hereto), excluding this paragraph (b), are also hereby given with respect to such principal, except that representations with respect to the Subscriber’s residential address are deemed to be references to the disclosed address of the disclosed principal on page 1 of this Agreement. |
| 8. | Capacity, Authority and Compliance. The Subscriber represents and warrants that: |
| (a) | if the Subscriber is not an individual, it was not created and is not being used solely to purchase or hold securities as an “accredited investor”; |
| (b) | if the Subscriber is a corporation, the Subscriber is a valid and subsisting corporation, has the necessary corporate capacity and authority to enter into and to observe and perform its covenants and obligations under this Agreement and has taken all necessary corporate action in respect thereof; |
| (c) | if the Subscriber is a partnership, syndicate or other unincorporated form of organization, the Subscriber has the necessary legal capacity and authority to execute and deliver this Agreement and perform its covenants and obligations hereunder and has obtained all necessary approvals thereof; or |
| (d) | if the Subscriber is an individual, he or she has attained the age of majority and is legally competent to execute this Agreement and to take all actions required pursuant hereto, |
and the entering into of this Agreement and the transactions contemplated hereby will not result in the violation of any terms or provisions of any law applicable to, or, if applicable, the constating documents of, the Subscriber, or any agreement, written or oral, to which the Subscriber may be a party or by which the Subscriber is or may be bound.
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| 9. | Binding and Enforceable. The Subscriber represents and warrants that this Agreement has been validly executed by the Subscriber and, upon acceptance by the Issuer of this Agreement, this Agreement will constitute a legal, valid and binding contract of the Subscriber, enforceable against the Subscriber in accordance with its terms. |
| 10. | No Offering Memorandum or Advertising. The Subscriber acknowledges that the Subscriber has not been furnished with, nor does it need to receive, an offering memorandum or other document prepared by the Issuer describing its business or affairs, in order to assist it in making an investment decision in respect of the Securities, and, except for this Agreement, no other documents have been delivered or otherwise furnished to the Subscriber in connection with the Private Placement. The Subscriber represents and warrants that the Subscriber did not become aware of the offering and sale of the Securities as a result of, nor has it seen, any form of general solicitation or general advertising, including advertisements, articles, notices or other communications published in any newspaper, magazine or similar media or broadcast over radio, television or the Internet, or any seminar or meeting whose attendees have been invited by general solicitation or general advertising. The Subscriber further acknowledges that no person has represented that such person or another person will resell or repurchase any of the Subscriber’s Securities or refund all or any of the purchase price of such Securities, and that no person has given an undertaking relating to the future value or price of any such Securities. |
| 11. | Knowledge and Experience. The Subscriber represents and warrants that the Subscriber has such knowledge and experience in financial and business affairs as to be capable of evaluating the merits and risks of the investment hereunder and is able to bear the economic risk of loss of such investment. |
| 12. | Not a New Control Person. The Subscriber represents and warrants that the Subscriber is not one of a combination of shareholders of the Issuer or investors in the Private Placement (including by acting jointly or in concert with any such shareholder or investor) as a consequence of which the issuance of Securities to the Subscriber hereunder will result in, or be part of a transaction that will result in, the creation of a new “Control Person” of the Issuer under the policies of the Exchange. |
| 13. | No U.S. Registration. The Subscriber is aware and accepts that the Securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and, subject to certain exemptions, may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. Person. “U.S. Person” has the meaning set forth in Rule 902 of Regulation S under the U.S. Securities Act. The Subscriber acknowledges that, subject to certain exceptions provided under the U.S. Securities Act, the Securities may not be offered, sold or otherwise transferred to or on behalf of, any person in the United States or any U.S. Person or person acting for the account or benefit thereof. “United States” means the United States of America, its territories and possessions, any state of the United States, and the District of Columbia. |
| 14. | Residence. The Subscriber represents and warrants that the Subscriber is a resident of, or if not an individual, has a head office or is otherwise subject to the laws of, the jurisdiction disclosed under “Subscriber’s Information and Signature” on page 2 of this Agreement, and that such address is the residence of the Subscriber or the place of business of the Subscriber at which the Subscriber received and accepted the offer to acquire the Securities and was not created or used solely for the purpose of acquiring the Securities. |
| 15. | U.S. Registration Exemption. Unless the Subscriber is a U.S. Subscriber that has completed and executed the Certification of U.S. Subscriber attached hereto as Schedule A, the Subscriber represents and warrants that: |
| (a) | the Subscriber is not, and is not purchasing the Securities for the account or benefit of, a person in the United States or a U.S. Person (as defined above); |
| (b) | the Subscriber was not offered the Securities in the United States; |
| (c) | the Subscriber did not execute or deliver this Agreement in the United States; |
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| (d) | the current structure of this transaction and all transactions and activities contemplated hereunder is not a scheme to avoid the registration requirements of the U.S. Securities Act; |
| (e) | the Subscriber has no intention to distribute either directly or indirectly any of the Securities in the United States, except in compliance with the U.S. Securities Act and any applicable securities laws of any state of the United States; and |
| (f) | the Securities were not purchased as a result of any form of directed selling efforts (as such term is used in Regulation S under the U.S. Securities Act) or general solicitation or general advertising (as such terms are defined under Rule 502(c) of Regulation D under the U.S. Securities Act), and the sale of the Securities was not accompanied by any advertisement, article, notice or other communication published in any newspaper, magazine or similar media or broadcast over radio, television or telecommunications, including electronic display and the Internet or any seminar or meeting whose attendees have been invited by general solicitation or general advertising. |
| 16. | U.S. Resale Restrictions and Legend. Subscribers that are U.S. Subscribers acknowledge that the certificates representing the Subscriber’s Securities will be endorsed with the legends contemplated by the Certification of U.S. Subscriber attached hereto as Schedule A. |
| 17. | Subscribers Resident in Other Jurisdictions. If the Subscriber is not a resident of Canada or the United States, the Subscriber represents and warrants to the Issuer that the Subscriber: |
| (a) | is knowledgeable of, or has been independently advised as to, the applicable securities laws of its jurisdiction of residence that would apply to this subscription, if there are any; |
| (b) | is purchasing the Securities pursuant to exemptions from any substantive or procedural requirements under the applicable securities laws of the Subscriber’s jurisdiction of residence or, if such is not applicable, the Subscriber is permitted to purchase the Securities under the applicable securities laws of the Subscriber’s jurisdiction of residence without the need to comply with any substantive or procedural requirements of any kind whatsoever in the Subscriber’s jurisdiction of residence; and |
| (c) | will, if requested by the Issuer, deliver to the Issuer a certificate or opinion of local counsel from the Subscriber’s jurisdiction of residence which will confirm the matters referred to in subparagraph (b) above to the satisfaction of the Issuer, acting reasonably. |
| 18. | Resale Restrictions and Legends. The Subscriber understands and acknowledges that the Securities will be subject to certain resale and transfer restrictions under applicable securities laws and stock exchange policies. The Subscriber acknowledges that it has been advised to consult its own legal advisors with respect to applicable resale and transfer restrictions, that it is solely responsible for complying with such restrictions and the Subscriber covenants and agrees to comply with all other applicable resale and transfer restrictions. The Subscriber acknowledges and agrees that the Issuer shall make a notation on its records or give instructions to the transfer agent of the Securities in order to implement the restrictions on transfer set out in applicable legislation. |
| 19. | Insider Requirements. The Subscriber acknowledges that it is bound by the provisions of applicable securities laws which impose obligations on a person who becomes an Insider (as defined on page 3 of this Agreement) of an issuer, or on a person who holds sufficient securities exercisable into voting securities of an issuer to become an Insider. The Subscriber acknowledges that such obligations may include, but are not necessarily limited to: the filing of insider reports on the System for Electronic Disclosure by Insiders (SEDI); the filing of early warning reports; the filing of reports of acquisitions; and the filing of a Personal Information Form or similar document with the applicable stock exchange. The Subscriber further acknowledges that it has been advised to consult its own legal advisors with respect to such obligations, and that it is solely responsible for complying with such obligations, and covenants and agrees with the Issuer that it will comply with all of such obligations, if applicable to the Subscriber, in a timely manner, whether arising at or after the closing. |
| 20. | Indemnity. The Subscriber agrees to indemnify and hold harmless the Issuer and its directors, officers, employees, agents, advisers and shareholders from and against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses whatsoever reasonably incurred in investigating, preparing or defending against any claim, lawsuit, administrative proceeding or investigation whether commenced or threatened) arising out of or based upon any representation or warranty of the Subscriber contained herein or in any document furnished by the Subscriber to the Issuer in connection herewith being untrue in any material respect or any breach or failure by the Subscriber to comply with any covenant or agreement made by the Subscriber herein or in any document furnished by the Subscriber to the Issuer in connection herewith. |
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| 21. | Acceptance by Issuer. The Issuer’s acceptance of the subscription herein shall be indicated by executing and delivering to the Subscriber a copy of this Agreement, and shall be effective as of the date therein specified. |
| 22. | Costs. The Subscriber acknowledges and agrees that all costs incurred by the Subscriber (including any fees and disbursements of any legal counsel retained by the Subscriber) relating to the sale of the Securities to the Subscriber shall be borne by the Subscriber. |
| 23. | Governing Law and Attornment. This Agreement and all related agreements between the parties hereto shall be governed by and construed in accordance with the laws of the Province of British Columbia, without reference to its rules governing the choice or conflict of laws. The parties hereto irrevocably attorn and submit to the exclusive jurisdiction of the courts of the Province of British Columbia, sitting in the city of Vancouver, with respect to any dispute to or arising out of this Agreement. |
| 24. | Further Assurances. The Subscriber and the Issuer agree to execute and deliver all such further documents and assurances, and do and cause to be done all such further acts and things as may be necessary or desirable to carry out the true intent of this Agreement and, in the case of the Subscriber, as may be requested by the Issuer in connection with applicable securities laws and the requirements of regulatory or governmental bodies including applicable stock exchanges. |
| 25. | Consent to the Disclosure of Information. This Agreement and the attachments hereto require the Subscriber to provide certain personal information to the Issuer. Such information is being collected by the Issuer for the purposes of completing the Private Placement of the Securities and the issuance which includes, without limitation, determining the Subscriber’s eligibility to purchase the Subscriber’s Securities under applicable securities legislation, preparing and registering any certificates representing the Subscriber’s Securities to be issued to the Subscriber, completing filings required by the Exchange or other Regulatory Authorities, indirect collection of information by the Exchange or Regulatory Authorities under authority granted in applicable securities legislation and the administration and enforcement of the applicable securities legislation by the Regulatory Authorities. The Subscriber acknowledges that the Subscriber’s personal information including the Subscriber’s full name, residential address, telephone number and other details of its subscription hereunder will be disclosed by the Issuer to: (a) the Exchange and other Regulatory Authorities; (b) the Issuer’s registrar and transfer agent; and (c) any of the other parties involved in the Private Placement, including legal counsel to the Issuer; and may be disclosed by the Issuer to: (d) the Canada Revenue Agency; and (e) any other person to whom it is required to disclose such information under applicable legislation or authority. By executing this Agreement, the Subscriber consents to and authorizes the foregoing collection, use and disclosure of the Subscriber’s personal information. The Subscriber also consents to and authorizes the filing of copies or originals of any of this Agreement (including attachments) below as may be required to be filed with the Exchange or other Regulatory Authorities in connection with the transactions contemplated hereby. In addition, the Subscriber consents to and authorizes the collection, use and disclosure of all such personal information by the Exchange and other Regulatory Authorities in accordance with their requirements, including the provision to third party service providers, from time to time. The Subscriber: (a) acknowledges that it has been notified by the Issuer of the Issuer’s intention to deliver the Subscriber’s personal information to securities regulatory authorities in Canada, that this information is being collected by the securities regulatory authorities under the authority granted in securities legislation, and that this information is being collected for the purposes of the administration and enforcement of securities legislation; and b) hereby authorizes the indirect collection of the Subscriber’s personal information by the securities regulatory authorities in Canada. The Subscriber may contact the public official at the securities regulatory authority of its local jurisdiction with respect to questions about the securities regulatory authorities’ indirect collection of such information using the contact details included in Form 45-106F1 Report of Exemption Distribution, a copy of which is available on the website of the British Columbia Securities Commission: |
https://www.bcsc.bc.ca/securities-law/law-and-policy/instruments-and-policies/4-distribution-requirements/current/45-106/45106f1-f-july-25-2023
The officer of the Issuer who can answer questions about collection of information is set forth on the cover page of this Agreement.
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| 26. | Proceeds of Crime. The Subscriber represents and warrants that no portion of the Purchase Price to be advanced by the Subscriber to the Issuer hereunder will represent proceeds of crime for the purposes of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) (the “PCMLA”) and the Subscriber acknowledges that the Issuer may in the future be required by law to disclose the Subscriber’s name and other information relating to this Agreement and the Subscriber’s subscription hereunder, on a confidential basis, pursuant to the PCMLA. To the best of the knowledge of the Subscriber: (i) no portion of the Purchase Price to be provided by the Subscriber (A) has been or will be derived from or related to any activity that is deemed criminal under the law of Canada, the United States or any other jurisdiction, or (B) is being tendered on behalf of a person or entity who has not been identified to the Subscriber, and (ii) it shall promptly notify the Issuer if the Subscriber discovers that any of such representations ceases to be true, and to provide the Issuer with appropriate information in connection therewith. |
The funds representing the purchase price for the Securities which will be advanced by the undersigned to the Issuer will not and do not represent proceeds of crime for the purposes of the United States Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (the “PATRIOT Act”), and the undersigned acknowledges that the Issuer may in the future be required by law to disclose the undersigned’s name and other information relating to the undersigned’s subscription for Securities, on a confidential basis, pursuant to the PATRIOT Act. No portion of the purchase price to be provided by the undersigned: (i) has been or will be derived from or related to any activity that is deemed criminal under the laws of the United States, or any other jurisdiction; or (ii) is being tendered on behalf of a person or entity who has not been identified to or by the undersigned, and the undersigned shall promptly notify the Issuer if the undersigned discovers that any of such representations ceases to be true and provide the Issuer with appropriate information in connection therewith.
| 27. | Notice. Documents will be considered to have been delivered (i) on the date of transmission, if delivered by fax, e-mail, or other electronic communication, (ii) the date of delivery, if delivered by hand during normal business hours or by prepaid courier, or (iii) five Business Days after the date of mailing, if delivered by mail, to the Issuer at the address set forth on the instructions page hereof and to the Subscriber at the residential address of the Subscriber set forth on page 2 of this Agreement. |
| 28. | Entire Agreement. This Agreement constitutes the entire agreement between the parties in respect of the subject matter hereof and supersedes any and all prior agreements, representations, warranties or covenants, express or implied, written or verbal, except as may be expressed herein. |
| 29. | No Fractional Securities. Any fractional Securities will be rounded down to the nearest whole number. |
| 30. | Currency. Unless otherwise indicated, all references to currency herein are to lawful money of Canada. |
| 31. | Survival of Terms. All representations, warranties, agreements and covenants made or deemed to be made by the Issuer and the Subscriber herein will survive the execution and delivery, and acceptance, of this offer and the closing of the issue of the Securities contemplated hereby. |
| 32. | Instrument in Writing. Subject to the terms hereof, neither this Agreement nor any provision hereof shall be modified, changed, discharged or terminated except by an instrument in writing signed by the party against whom any waiver, change, discharge or termination is sought. |
| 33. | Enurement. This Agreement shall enure to the benefit of and be binding upon the parties and their respective heirs, executors, administrators and successors but otherwise cannot be assigned. |
| 34. | Counterparts. This Agreement may be executed in any number of counterparts, each of which when delivered, either in original or facsimile or other electronic form, shall be deemed to be an original and all of which together shall constitute one and the same document. If less than a complete copy of this Agreement is delivered to the Issuer by the Subscriber (other than the execution pages of this Agreement required to be executed by the Subscriber), the Issuer and its advisers are entitled to assume, and the Subscriber shall be deemed to have represented and warranted to the Issuer, that the Subscriber accepts and agrees to all of the terms and conditions of the pages of this Agreement that are not delivered, without any alteration. |
| 35. | Language. The parties hereto confirm their express wish that this Agreement and all documents and agreements directly or indirectly relating hereto be drawn up in the English language. Les parties reconnaissent leur volonté expresse que la présente convention de souscription ainsi que tous les documents et contrats s’y rattachant directement ou indirectement soient rédigés en anglais. |
| 36. | Independent Legal Advice. The Subscriber has had adequate opportunity to consult independent legal counsel regarding the legal meaning and potential consequences of this Subscription Agreement, and of performing its obligations under the Subscription Agreement and that it has not been induced to enter into this Agreement by reason of coercion or undue influence. |
END OF APPENDIX I
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