Common use of Exemption Relied Upon Clause in Contracts

Exemption Relied Upon. The Purchaser represents to the Corporation that the Purchaser is (tick one or more of the following boxes): a director, senior officer* or control person* of the Corporation or of an Affiliate of the Corporation [ ] a spouse, parent, grandparent, brother, sister or child of a director, senior officer* or control person* of the Corporation or of an Affiliate of the Corporation, being [ ] a parent, grandparent, brother, sister or child of the spouse of a director, senior officer, or control person of the Corporation or of an affiliate of the Corporation, being [ ] a close personal friend of a director, senior officer* or control person* of the Corporation or of an Affiliate of the Corporation , being (complete (1) below) [ ] a close business associate of a director, senior officer* or control person* of the Corporation or an Affiliate, being (complete (1) below) [ ] a founder of the Corporation or a spouse, parent, grandparent, brother, sister, child, close personal friend or close business associate of a founder of the Corporation, being [ ] a parent, grandparent, brother, sister or child of the spouse of a founder of the Corporation, being [ ] persons or companies of which a majority of the voting securities are beneficially owned by, or a majority of the directors are, described in subparagraphs (i) to (vii) above, being [ ] a trust or estate of which all of the beneficiaries or a majority of the trustees are persons or companies described in subparagraphs (i) to (vii) above, being [ ] an accredited investor* (complete (2) below) [ ] undertaking a purchase of Cdn.$97,000 or more of Securities [ ] *See the definitions in Schedule "B" to this Agreement.

Exemption Relied Upon. The Purchaser represents to the Corporation that the Purchaser is (tick one or more of the following boxes): a director, senior officer* or control person* of the Corporation or of an Affiliate of the Corporation [ ] £ a spouse, parent, grandparent, brother, sister or child of a director, senior officer* or control person* of the Corporation or of an Affiliate of the Corporation, being [ ] _____________________________ £ a parent, grandparent, brother, sister or child of the spouse of a director, senior officer, or control person of the Corporation or of an affiliate of the Corporation, being [ ] _____________________________ £ a close personal friend of a director, senior officer* or control person* of the Corporation or of an Affiliate of the Corporation , being _____________________________ (complete (1) below) [ ] £ a close business associate of a director, senior officer* or control person* of the Corporation or an Affiliate, being _____________________________ (complete (1) below) [ ] £ a founder of the Corporation or a spouse, parent, grandparent, brother, sister, child, close personal friend or close business associate of a founder of the Corporation, being [ ] _____________________________ £ a parent, grandparent, brother, sister or child of the spouse of a founder of the Corporation, being [ ] persons _____________________________ £ a person or companies company of which a majority of the voting securities are beneficially owned by, or a majority of the directors are, persons or companies described in subparagraphs (i) to (vii) above, being [ ] _____________________________ £ a trust or estate of which all of the beneficiaries or a majority of the trustees are persons or companies described in subparagraphs (i) to (vii) above, being [ ] _____________________________ £ an accredited investor* (complete (2) below) [ ] £ undertaking a purchase of Cdn.$97,000 or more of Securities [ ] £ *See the definitions in Schedule "B" to this Agreement.

Exemption Relied Upon. The Purchaser Lender represents to the Corporation Company that the Purchaser Lender is (tick one or more of the following boxes): boxes):(i) a director, senior officer* or control person* of the Corporation or of an Affiliate affiliate* of the Corporation Corporation: [ ] (ii) a spouse, parent, grandparent, brother, sister or child of a director, senior officer* or control person* of the Corporation or of an Affiliate affiliate* of the Corporation, being being: [ ] (iii) a parent, grandparent, brother, sister or child of the spouse of a director, senior officer, * or control person person* of the Corporation or of an affiliate affiliate* of the Corporation., being [ ] being: (iv) a close personal friend of a director, senior officer* or control person* of the Corporation or of an Affiliate affiliate* of the Corporation Corporation, being (complete (1) below) ): [ ] (v) a close business associate of a director, senior officer* or control person* of the Corporation or an Affiliateaffiliate* of the Corporation, being (complete (1) below) ): [ ] (vi) a founder founder* of the Corporation or a spouse, parent, grandparent, brother, sister, child, close personal friend or close business associate of a founder founder* of the Corporation, being (complete (1) below): [ ] (vii) a parent, grandparent, brother, sister or child of the spouse of a founder founder* of the Corporation, being : [ ] persons (viii) a person or companies company of a which a majority of the voting securities are beneficially owned by, or a majority of the directors are, persons or companies described in subparagraphs paragraphs (i) to (vii) above), being (complete (1) below, if applicable): [ ] (ix) a trust or estate of which all of the beneficiaries or a majority of the trustees are persons or companies described in subparagraphs paragraphs (i) to (vii) above), being (complete (1) below, if applicable): [ ] (x) an accredited investor* (complete (2) below) [ ] undertaking a purchase of Cdn.$97,000 or more of Securities [ ] *See the definitions in Schedule "B" to this Agreement.):

Exemption Relied Upon. The Purchaser Lender represents to the Corporation that the Purchaser Lender is (tick one or more of the following boxes): a director, senior officer, employee, founder* or control person* of the Corporation or of an Affiliate of the Corporation [ ] Corporation: X a spouse, parent, grandparent, brother, sister or child of a director, senior officer*, founder* or control person* of the Corporation or of an Affiliate of the Corporation, being [ ] : X a parent, grandparent, brother, sister or child of the spouse of a director, senior officer, or control person of the Corporation or of an affiliate of the Corporation, being [ ] a close personal friend of a director, senior officerfounder* or control person* of the Corporation Corporation, being : X a close personal friend* of a director, senior officer*, founder* or of an Affiliate control person* of the Corporation Corporation, being (complete (1) below) [ ] ): X a close business associate associate* of a director, senior officer*, founder* or control person* of the Corporation or an AffiliateCorporation, being (complete (1) below) [ ] ): X a founder current holder of the Corporation or a spouse, parent, grandparent, brother, sister, child, close personal friend or close business associate of a founder designated securities* of the Corporation, being [ ] : X an accredited investor* (complete (2) below): a parent, grandparent, brother, sister person or child of the spouse of a founder of the Corporation, being [ ] persons or companies company of which a majority of the voting securities are beneficially owned by, or a majority of the directors are, persons or companies described in subparagraphs (i) to (vii) above), being [ ] : X a trust or estate of which all of the beneficiaries or a majority of the trustees are persons or companies described in subparagraphs (i) to (vii) above, ); being [ ] an accredited investor* (complete (2) below) [ ] undertaking : X a purchase of Cdn.$97,000 person or more of Securities [ ] company that is not the public: X *See the definitions in Schedule "BE" to this Agreement.

Exemption Relied Upon. The Purchaser represents to the Corporation that the Purchaser is (tick one or more of the following boxes): a director, senior officer* or control person* of the Corporation or of an Affiliate of the Corporation [ ] X a spouse, parent, grandparent, brother, sister or child of a director, senior officer* or control person* of the Corporation or of an Affiliate of the Corporation, being [ ] X a parent, grandparent, brother, sister or child of the spouse of a director, senior officer, or control person of the Corporation or of an affiliate of the Corporation, being [ ] X a close personal friend of a director, senior officer* or control person* of the Corporation or of an Affiliate of the Corporation , being (complete (1) below) [ ] X a close business associate of a director, senior officer* or control person* of the Corporation or an Affiliate, being (complete (1) below) [ ] X a founder of the Corporation or a spouse, parent, grandparent, brother, sister, child, close personal friend or close business associate of a founder of the Corporation, being [ ] X a parent, grandparent, brother, sister or child of the spouse of a founder of the Corporation, being [ ] persons X a person or companies company of which a majority of the voting securities are beneficially owned by, or a majority of the directors are, persons or companies described in subparagraphs (i) to (vii) above, being [ ] X a trust or estate of which all of the beneficiaries or a majority of the trustees are persons or companies described in subparagraphs (i) to (vii) above, being [ ] X an accredited investor* (complete (2) below) [ ] X undertaking a purchase of Cdn.$97,000 or more of Securities [ ] X *See the definitions in Schedule "B" to this Agreement.