CONVERTIBLE DEBENTURE INDENTURE DATED AS OF THE 2ND convertible debenture indenture dated as of the

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Text of CONVERTIBLE DEBENTURE INDENTURE DATED AS OF THE 2ND convertible debenture indenture dated as of the

  • CONVERTIBLE DEBENTURE INDENTURE

    DATED AS OF THE 2ND DAY OF SEPTEMBER, 2016

    AMONG

    ABBA MEDIX GROUP INC.

    AND

    COMPUTERSHARE TRUST COMPANY OF CANADA

    PROVIDING FOR THE ISSUE OF DEBENTURES

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    TABLE OF CONTENTS

    Page

    ARTICLE 1 INTERPRETATION ............................................................................................................................. 1 1.1 Definitions......................................................................................................................................... 1 1.2 Meaning of "Outstanding" ................................................................................................................ 6 1.3 Interpretation ..................................................................................................................................... 6 1.4 Headings, Etc. ................................................................................................................................... 7 1.5 Time of Essence ................................................................................................................................ 7 1.6 Monetary References ........................................................................................................................ 7 1.7 Invalidity, Etc. ................................................................................................................................... 7 1.8 Language ........................................................................................................................................... 7 1.9 Successors and Assigns ..................................................................................................................... 7 1.10 Severability ....................................................................................................................................... 7 1.11 Entire Agreement .............................................................................................................................. 7 1.12 Benefits of Indenture ......................................................................................................................... 8 1.13 Applicable Law and Attornment ....................................................................................................... 8 1.14 Currency of Payment ........................................................................................................................ 8 1.15 Non-Business Days ........................................................................................................................... 8 1.16 Accounting Terms ............................................................................................................................. 8 1.17 Calculations ....................................................................................................................................... 8 1.18 Schedules .......................................................................................................................................... 8

    ARTICLE 2 THE DEBENTURES ............................................................................................................................. 9 2.1 Form and Terms of Debentures ......................................................................................................... 9 2.2 Execution of Debentures ................................................................................................................. 14 2.3 Certification .................................................................................................................................... 14 2.4 Issue of Global Debentures ............................................................................................................. 14 2.5 Mutilation, Loss, Theft or Destruction ............................................................................................ 15 2.6 Concerning Interest ......................................................................................................................... 15 2.7 Debentures to Rank Pari Passu ....................................................................................................... 16 2.8 Payments of Amounts Due on Maturity .......................................................................................... 16 2.9 Payment of Interest ......................................................................................................................... 16 2.10 Withholding Tax ............................................................................................................................. 17

    ARTICLE 3 REGISTRATION, TRANSFER, EXCHANGE AND OWNERSHIP ............................................ 17 3.1 Fully Registered Debentures ........................................................................................................... 17 3.2 Global Debentures .......................................................................................................................... 18 3.3 Transferee Entitled to Registration ................................................................................................. 19 3.4 No Notice of Trusts ......................................................................................................................... 19 3.5 Registers Open for Inspection ......................................................................................................... 19 3.6 Exchanges of Debentures ................................................................................................................ 19 3.7 Closing of Registers ........................................................................................................................ 20 3.8 Charges for Registration, Transfer and Exchange ........................................................................... 20 3.9 Ownership of Debentures ................................................................................................................ 20

    ARTICLE 4 REDEMPTION AND PURCHASE OF DEBENTURES AND CERTAIN PAYMENTS ON MATURITY ............................................................................................................................................................... 21

    4.1 Applicability of Article ................................................................................................................... 21 4.2 Partial Redemption .......................................................................................................................... 21 4.3 Notice of Redemption ..................................................................................................................... 22 4.4 Debentures Due on Redemption Dates ........................................................................................... 22 4.5 Deposit of Redemption Monies or Common Shares ....................................................................... 22 4.6 Right to Repay Redemption Price in Common Shares ................................................................... 22 4.7 Failure to Surrender Debentures Called for Redemption ................................................................ 25

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    4.8 Cancellation of Debentures Redeemed ........................................................................................... 25 4.9 Purchase of Debentures by the Corporation .................................................................................... 25 4.10 Deposit of Maturity Monies ............................................................................................................ 26

    ARTICLE 5 SECURITY FOR DEBENTURES ..................................................................................................... 26 5.1 Security for Debentures and Negative Pledge ................................................................................. 26 5.2 Possession Before Default .............................................................................................................. 26 5.3 Delivery of Pledged Securities ........................................................................................................ 27 5.4 Security Effective Notwithstanding Date of Issue .......................................................................... 27 5.5 Registration of Security .................................................................................................................. 27 The Corporation shall: ................................................................................................................................... 27 5.6 Reservation of Last Day of Leasehold Terms ................................................................................. 28 5.7 Covenants as to Security ................................................................................................................. 28 5.8 Defeasance ...................................................................................................................................... 28 5.9 Security Subject to Applicable Agreement ..................................................................................... 29

    ARTICLE 6 CONVERSION OF DEBENTURES .................................................................................................. 29 6.1 Applicability of Article ................................................................................................................... 29 6.2 Notice of Expiry of Conversion Privilege ....................................................................................... 29 6.3 Revival of Right to Convert ............