Common use of Authorized and Issued Capital Clause in Contracts

Authorized and Issued Capital. The authorized capital of the Company consists of an unlimited number of Common Shares, without par value, of which 100,156,597 Common Shares have been validly issued and are outstanding. All of the issued and outstanding Common Shares are fully paid and non-assessable and have been duly authorized and issued, in compliance with applicable Laws and not in violation of or subject to any pre-emptive or similar right that entitles any person to acquire from the Company any Common Shares or other security of the Company.

Authorized and Issued Capital. The authorized capital of the Company consists of an unlimited number of Common Shares, without par valuecommon shares, of which 100,156,597 Common two hundred forty (240) common shares are issued and outstanding. The Purchased Shares have been duly and validly authorized and issued and are outstanding. All of the issued and outstanding Common Shares are as fully paid and non-assessable and have been duly authorized and issued, in compliance with applicable Laws and not in violation of or subject to any pre-emptive or similar right that entitles any person to acquire from the Company any Common Shares or other security of the Companyshares.

Authorized and Issued Capital. The authorized capital of the Company consists of an unlimited number of Common Sharesshares of which, without par valueat the Closing Date, of which 100,156,597 Common only the Purchased Shares have been validly are duly issued and are outstandingoutstanding as fully paid and non assessable. All of the issued and outstanding Common Purchased Shares are fully paid and non-assessable and have been duly authorized and issued, issued in compliance with all applicable Laws and not including applicable securities Laws. The Company is a “private issuer” as defined in violation s.2.4 of or subject to any preNational Instrument 45-emptive or similar right that entitles any person to acquire from the Company any Common Shares or other security of the Company106.

Authorized and Issued Capital. The authorized capital of the Company consists of an unlimited number of 10,000,000 Common Shares, without par value, of which 100,156,597 1,000,000 Common Shares (and no more) have been validly duly issued and are outstandingoutstanding as fully paid and non-assessable shares. All The Purchased Shares constitute all of the issued and outstanding Common Shares are fully paid and non-assessable and have been duly authorized and issued, in compliance with applicable Laws and not in violation of or subject to any pre-emptive or similar right that entitles any person to acquire from the Company any Common Shares or other security capital of the Company.

Authorized and Issued Capital. The authorized capital of the Company consists of an unlimited number of Common Shares, without par valuecommon shares, of which 100,156,597 Common two hundred and forty (240) common shares are issued and outstanding. The Purchased Shares have been duly and validly authorized and issued and are outstanding. All of the issued and outstanding Common Shares are as fully paid and non-assessable and have been duly authorized and issued, in compliance with applicable Laws and not in violation of or subject to any pre-emptive or similar right that entitles any person to acquire from the Company any Common Shares or other security of the Companyshares.

Authorized and Issued Capital. The authorized capital of the Company consists of an unlimited number of Common Shares, common shares without par valuevalue and an unlimited number of Class 1 common shares without par value of which, a total of which 100,156,597 Common Shares <fl> common shares have been validly issued and are outstanding. All of the issued outstanding and outstanding Common Shares are fully paid and non-assessable assessable. There are no Class 1 common shares issued and have been duly authorized and issued, in compliance with applicable Laws and not in violation of or subject to any pre-emptive or similar right that entitles any person to acquire from the Company any Common Shares or other security of the Companyoutstanding.