Common use of Authority and No Violation Clause in Contracts

Authority and No Violation. (a) Silvermex has all requisite corporate power and authority to enter into this Agreement and the documents required to be executed by it in connection with the transactions contemplated herein, to perform its obligations hereunder and, subject to obtaining the approval of the holders of Silvermex Shares and the Court as contemplated by Article 2, to consummate the Arrangement and the other transactions contemplated by this Agreement. The execution and delivery of this Agreement and such other documents by Silvermex and the consummation by Silvermex of the transactions contemplated by this Agreement (including the Arrangement) and such other documents have been duly authorized by the Silvermex Board and no other corporate proceedings on their part are necessary to authorize this Agreement or the transactions contemplated hereby, other than:

Authority and No Violation. (a) Silvermex SilverCrest has all requisite corporate power and authority to enter into this Agreement and the documents required to be executed by it in connection with the transactions contemplated herein, to perform its obligations hereunder and, subject to obtaining the approval of SilverCrest Shareholder Approval, the holders of Silvermex Shares Interim Order and the Court Final Order as contemplated by Article 2, to consummate the Arrangement and the other transactions contemplated by this Agreement. The execution and delivery of this Agreement and such other documents by Silvermex SilverCrest and the consummation by Silvermex SilverCrest of the transactions contemplated by this Agreement (including the Arrangement) and such other documents have been duly authorized by the Silvermex SilverCrest Board and no other corporate proceedings on their the part of SilverCrest or any SilverCrest Subsidiary are necessary to authorize this Agreement or the transactions contemplated hereby, other than: