Company: ITMSF
Filing Date: 2025-09-16
Form Type: F-10
Source: 0001493152-25-013556
Chunk: 26

Company: INTERMAP TECHNOLOGIES CORP
Filing Date: 2025-09-16
Form: F-10
Chunk 26
---
 Security, such Depositary or such nominee, as the case may be, will be considered the sole owner or holder of the Debt Securities represented by such Global Security for all purposes under the applicable Debt Indenture and payments of principal of and interest, if any, on the Debt Securities represented by a Global Security will be made by the Corporation to the Depositary or its nominee.

| 12 |

Owners of beneficial interests in a Global Security will not be entitled to have the Debt Securities represented by such Global Security registered in their names, will not receive or be entitled to receive physical delivery of such Debt Securities in certificated non-book-entry form, will not be considered the owners or holders thereof under the applicable Debt Indenture and will be unable to pledge Debt Securities as security.

No Global Security may be exchanged in whole or in part for Debt Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any person other than the Depositary for such Global Security or any nominee of such Depositary unless:

| (a) | there                                           
 is a requirement to do so under applicable law; |

| (b) | the                                
 book-entry system ceases to exist; |

| (c) | the                                                                                        
 Corporation or the Depositary advises the Trustee that the Depositary is no longer willing 
 or able to properly discharge its responsibilities as depositary with respect to the Debt  
 Securities and the Corporation is unable to locate a qualified successor;                  |

| (d) | the                                                                                            
 Corporation decides, at its option, to terminate the book-entry system through the Depositary; |

| (e) | if                                                                                             
 provided for in the Debt Indenture, after the occurrence of an event of default thereunder     
 (provided the Trustee has not waived the event of default in accordance with the terms of      
 the Debt Indenture), participants acting on behalf of beneficial holders representing, in      
 aggregate, a threshold percentage of the aggregate principal amount of the Debt Securities     
 then outstanding advise the Depositary in writing that the continuation of a book-entry system 
 through the Depositary is no longer in their best interest; or                                 |

| (f) | in                                                                 
 such other circumstance as may be specified in the Debt Indenture; |

whereupon such Global Security shall be exchanged for certificated non-book-entry Debt Securities of the same series in an aggregate principal amount equal to the principal amount of such Global Security and registered in such names and denominations as the Depositary