Lawson Lundell LLP

Lawson Lundell LLP 15 Purchaser Paid in Shares Newalta PhosCan Raging River Spartan Stampede Steppe Striker Trilogy Target's Shareholders Received Nominal Consideration Hawk Pengrowth Twin Butte Target's Shareholders Received Variable or Contingent Consideration Aveda Craft InterOil Pengrowth Select Shareholders of Target Received Equity of Purchaser (all other shareholder received cash) BIOX Canamax Yoho Purchaser was US Registered and Paid in Shares Bow Energy Special Transaction Features Target Spun-out Shares in a New or Existing Company to its Shareholders Ikkuma PhosCan Pipestone Spur Purchaser or Target Completed an Equity or Debt Financing After Signing Arrow InPlay Ikkuma PhosCan Pipestone Marquee Stampede

• Cover
• Key Findings
• Our Lawyers
• About Lawson Lundell
• Letter from the Editors
• Terms of Reference
• Deal List
• Selected Legal Features
• Hostile and Disputed Bids
• General Features
• Approval Mechanics
• Covenants
• Conditions
• Representations
• No Shop Obligations and Fiduciary Out
• Break Fee Payable by the Target
• Break Fee Payable by the Purchaser
• Termination
• Contributors
• End Page