Upon the occurrence of a Trigger Event, each outstanding Note will automatically and immediately be converted, on a full and permanent basis, without the consent of the holders thereof, into that number of fully-paid Common Shares determined by dividing (a)the product of the Multiplier multiplied by the Note Value, by (b) the Conversion Price. See “Description of the Notes—NVCC Automatic Conversion.”

• “Conversion Price” means, in respect of each Note, the greater of (i) the Floor Price, and(ii) the Current Market Price.
• “Floor Price” means the U.S. dollar equivalent of $5.00 converted into U.S. dollars at the Prevailing Rate on the day immediately prior to the date on which the Trigger Event occurs, subject to adjustment in the event of (i) the issuance of Common Shares or securities exchangeable for or convertible into Common Shares to all holders of Common Shares as a stock dividend, (ii) the subdivision, redivision or change of the Common Shares into a greater number of Common Shares, or (iii) the reduction, combination or consolidation of the Common Shares into a lesser number of Common Shares. The adjustment shall be calculated to the nearest one- tenth of one cent provided that no adjustment of the Floor Price shall be required unless such adjustment would require a increase or decrease of at least 1% of the Floor Price then in effect; provided, however, that in such case any adjustment that would otherwise be required to be made will be carried forward and will be made at the time of and together with the next subsequent adjustment which, together with any adjustments so carried forward, will amount to at least 1% of the Floor Price.
• “Multiplier” means 1.5.
• “Note Value” means, in respect of each Note, US$1,000 plus accrued and unpaid interest of such Note as at the date of the Trigger Event.