Common use of Capitalization of Caza Clause in Contracts

Capitalization of Caza. The authorized share capital of Caza consists of an unlimited number of Caza Shares of which, as of the date hereof, only 141,302,005 Caza Shares are issued and outstanding. As of the date hereof, Caza Options to purchase 5,750,001 Caza Shares and Caza Warrants to purchase 88,160,000 Caza Shares in aggregate have been granted and are outstanding, the expiry dates and exercise prices of which are detailed in the Disclosure Letter. Except as set forth above, there are no securities or interests of Caza outstanding and Caza does not have any other options, warrants or other rights, agreements or commitments of any character whatsoever convertible into, or exchangeable or exercisable for or otherwise requiring the issuance, sale or transfer by Caza of any securities or interests of Caza (including Caza Shares) or any securities convertible into, or exchangeable or exercisable for, or otherwise evidencing a right to acquire, any securities or interests of Caza (including Caza Shares), nor are there any outstanding stock appreciation rights, phantom equity or similar rights, agreements, arrangements or commitments based upon the book value, income or other attributes of Caza.