Common use of DISCLOSURE IN REPORTS AND DOCUMENTS Clause in Contracts

DISCLOSURE IN REPORTS AND DOCUMENTS. It is our policy to make full, fair, accurate, timely and understandable disclosure, in compliance with all applicable laws, rules and regulations, in all reports and documents that we file with, or submit to, the U.S. Securities and Exchange Commission and the securities commission of each province or territory in Canada in which we are a reporting issuer, and in all other public communications made by us. As a Director or Senior Officer, you are required to promote compliance with this policy by all employees and to abide by our standards, policies and procedures designed to promote compliance with this policy. COMPLIANCE WITH THE CODE OF ETHICS If you know of or suspect a violation of applicable laws, rules or regulations or this Code of Ethics, you must immediately report that information to the Chair of the Board of Directors or, if the Chair of the Board of Directors is not available within a reasonable period of time, then the Chair of the Audit Committee. Neither you nor anyone else (including any employee or consultant) will be subject to retaliation because of a good faith report of a suspected violation. Violations of this Code of Ethics may result in disciplinary action, up to and including termination of employment or, in the case of a Director, recommendation for removal from the Board on which he or she sits. The Company intends such disciplinary action to reflect our belief that all employees, officers and directors should be held accountable to the standards of conduct set forth herein. The Board of Directors of the Company shall be charged with conducting an investigation of any alleged violation of this Code of Ethics within a reasonable time following receipt of a report of an alleged violation. The Board may, in its discretion, delegate to any one or more persons whom it deems appropriate (who may include Directors and persons outside the Company) the responsibility for conducting any such investigation and making recommendations concerning any proposed disciplinary action to the Board of Directors. The Board of Directors shall determine, or shall designate one or more persons whom it deems appropriate to determine, what action shall be taken in response to any violation of this Code. WAIVERS OF THE CODE OF ETHICS If you wish to seek a waiver of the Code of Ethics you must make full disclosure of your particular circumstances to the Chairman of the Board of Directors. Any waiver shall require the written approval of the Chairman of the Board of Directors