(5) | prior to the SSR Meeting, not to, directly or indirectly, sell, transfer, pledge or assign or agree to sell, transfer, pledge or assign any of the Holder Securities or any interest therein (or enter into any agreement in respect thereof), without your prior written consent. |
The undersigned hereby represents and warrants that (a) he, she or it is (and until the SSR Meeting will be) the sole registered and/or beneficial owner of the Holder Securities, with good and marketable title thereto free of any and all encumbrances and demands of any nature or kind whatsoever, and he, she or it has the sole right to vote and sell (in the case of transferable Holder Securities) all of the Holder Securities, (b) except as pursuant to the Arrangement Agreement, no person has any agreement or option, or any right or privilege (whether by law, preemptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the undersigned of any of the Holder Securities or any interest therein or right thereto, (c) the only securities of SSR (other than cash-settled incentive securities) beneficially owned, directly or indirectly, by the undersigned on the date hereof are the Holder Securities, (d) the Holder Securities are not subject to any power of attorney, voting trust, proxy or similar arrangement affecting the ability to vote the Holder Securities, (e) he, she or it has the legal capacity to execute and deliver this letter agreement and to perform the obligations hereunder and (f) this letter agreement has been duly executed and delivered by him, her or it, and constitutes a legal, valid and binding agreement enforceable against him, her or it, in accordance with its terms subject only to any limitation under bankruptcy, insolvency or other law affecting the enforcement of creditors’ rights generally and the discretion that a court may exercise in the granting of equitable remedies.
The undersigned hereby irrevocably consents to (i) details of this letter agreement being set out in any information circular and court documents produced by SSR, Alacer or any of their respective affiliates in connection with the transactions contemplated by this letter agreement and the Arrangement Agreement and (ii) this letter agreement being made publicly available on SEDAR.
Notwithstanding any other provision of this letter agreement, it is acknowledged and agreed that the undersigned is bound hereunder solely in his or her capacity as a securityholder of SSR and that the provisions hereof shall not be deemed or interpreted to bind the undersigned in his or her capacity as a director or officer of SSR or restrict such director or officer from taking any actions necessary to discharge his or her fiduciary duties or other legal obligations as a director or officer or that are otherwise expressly permitted by the Arrangement Agreement. It is acknowledged and agreed that the undersigned may vote in his or her capacity as director of SSR in favour of a Superior Proposal in respect of SSR as contemplated in the Arrangement Agreement and any such vote shall not be a violation of this letter agreement.
The undersigned agrees to do all further things as may be reasonably required to give effect to the provisions and intent of this letter agreement, and will provide such further documents or instruments as may be reasonably necessary or desirable to effect the purpose of this letter agreement and carry out its provisions.
This letter agreement shall be governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein.
Time is of the essence in the performance of the obligations of the undersigned.