count down to OCT...for each holder of Luxmatic Shares, the Corporation will offer to purchase each such
Luxmatic Share in exchange for one (1) fully paid and non-assessable Common Share;
(b) the Tender Date shall be not later than October 2, 2000;
(c) the Corporation shall take up and pay for all Luxmatic Shares tendered under the Offer on
or before 5:00 p.m. (local time at the place of deposit) on the tenth day following the Tender
Date;
(d) the conditions to the Offer will be:
(i) at least 90.1% of the issued and outstanding Luxmatic Shares (calculated on a fully-diluted
basis), including Luxmatic Shares issued in connection with the payment of
the Finder’s Fee, shall have been validly deposited under the Offer and not
withdrawn at the time the Corporation takes up and pays for the Luxmatic Shares
under the Offer other than those owned at the date of the Offer by the Corporation,
its associates or affiliates (as defined in the Business Corporations Act (Ontario))
or by Persons whose Luxmatic Shares may not be included as part of the minority
approval of a subsequent acquisition transaction;