XtGem Forum catalog
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Chemistree Stock Options

Independent. Each Debenture Unit consists of (i) one 10% unsecured convertible debentures of the Company in the principal amount of $1,000 with interest payable semi-annually in arrears on June 30 and December 31 of each year, commencing June 30, 2019 and maturing March 29, 2022, and (ii) 2,000 common share purchase warrants of the Company, each exercisable until the Maturity Date to purchase one common share of the Company at an exercise price of $0.70 per Warrant Share, subject to adjustment in certain events.
The Debenture Units, Debentures, Warrants, Debenture Shares, Warrant Shares, Broker Warrants, Broker Units, Broker Unit Shares, Broker Unit Warrants and Broker Warrant Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws.



In connection with the Brokered Offering, the Company: (i) paid the Agent a cash commission equal to 7.0% of the gross proceeds of the Offering; (ii) paid the Agent a corporate finance fee of $150,000, of which $75,000 was paid in cash and $75,000 was satisfied through the issuance of 150,000 Common Shares; (iii) issued the Agent non-transferable broker warrants (the Broker Warrants”) to purchase 1,320,000 units of the Company (the Broker Units”) at an exercise price of $0.50 per Broker Unit; and (iv) paid the Agent a fiscal advisory fee comprised of $14,000 in cash and the issuance of 14,000 Broker Warrants.
As additional consideration for the services rendered in connection with the Offering, the Company has agreed to: (a) pay the Agent, on the Closing Date, a corporate finance fee of $150,000 (the "Corporate Finance Fee"), of which $75,000 will be paid in cash and $75,000 will be satisfied through the issuance of Common Shares at the Conversion Price; and (b) issue to the Agent, on the Closing Date, non-transferable broker warrants (the "Broker Warrants") to purchase such number of units of the Company (collectively, the "Broker Units") as is equal to 7.0% of the number of Debenture Shares that would be issued assuming the conversion of 100% of the Debentures sold under the Offering (including any Additional Units issuable upon exercise of the Over-Allotment Option), at $0.50 per Broker Unit.

Additionally, he has created several multi-million-dollar industry partnerships and other ventures, such as Quantum Horticulture, Pure Essentials Black Label and Cannabis Consulting Co. whose various products and services have been implemented, utilized and run in thousands of grows globally.
All statements, other than statements of historical fact, included herein including, without limitation, statements relating to: the Offering, including the receipt in a timely manner, of regulatory and other required approvals and clearances, including the approval of the CSE; the number of Debenture Units to be sold; the gross proceeds of the Offering; the number of Debentures to be issued and sold by the Company; the payment of interest and the principal amount, and the conversion or exercise of other rights attached to the Debentures, the Warrants, the Broker Warrants, the Broker Units and the Broker Unit Warrants; the listing of the Warrants, Debenture Shares, Warrant Shares, Broker Unit Warrants and Broker Unit Shares on the CSE; the payment of the Agent's Fee and Corporate Finance Fee; the exercise of the Over-Allotment Option; and the use of the net proceeds of the Offering.
Tiaa Cref Investment Mgmt Lc holds 0% or 42,197 shares. Neurochemistry is the study of neurochemicals ; including transmitters, peptides, proteins, Chemistree lipids, sugars, and nucleic acids; their interactions, and the roles they play in forming, maintaining, and modifying the nervous system.
Each Broker Unit Warrant will be exercisable to acquire one common share of the Company at any time up until the Maturity Date at an exercise price of $0.70 per Broker Warrant Share, subject to adjustment in certain events. The Chemistree Technology stock price may drop from 0.541 USD to 0.360 USD.
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