The parties hereto acknowledge and agree that the Escrow Agent has prepared this Escrow Agreement. The other parties hereto acknowledge that they have been informed of the inherent conflict of interest associated with the drafting of this Escrow Agreement by the Escrow Agent. The parties hereto represent and warrant that they have had the opportunity to consult with legal counsel of their choice regarding this Escrow Agreement and the potential and actual conflicts of interest which may exist or arise in connection with the Escrow Agent’s representation of Bionik in connection with this Escrow Agreement. By executing this Escrow Agreement, the parties hereto hereby waive any actual or potential conflicts of interest which may exist or arise as a result of such legal representation and consent to the Escrow Agent’s representation of the Company.