Common use of Capitalization of the Offeror Clause in Contracts

Capitalization of the Offeror. The authorized share capital of the Offeror consists of an unlimited number of Offeror Shares of which, as of the date hereof, 66,645,951 Offeror Shares are issued and outstanding. As of the date hereof, options to purchase 4,710,000 Offeror Shares and warrants to purchase 28,513,868 Offeror Shares in aggregate, have been granted and are outstanding, the expiry dates and exercise prices of which are detailed in the Offeror Disclosure Letter. Except as set forth above, there are no securities or interests of the Offeror outstanding and the Offeror 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 the Offeror of any securities or interests of the Offeror (including Offeror Shares) or any securities convertible into, or exchangeable or exercisable for, or otherwise evidencing a right to acquire, any securities or interests of the Offeror (including Offeror Shares).