Common use of Non-Arm’s Length Transactions Clause in Contracts

Non-Arm’s Length Transactions. Except as disclosed in the Prospectus and to the Agent, the Corporation does not owe any amount to, nor has the Corporation made any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any person not dealing at “arm's length” (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other person not dealing at arm's length with the Corporation. No officer, director or employee of the Corporation and no person which is an affiliate or associate of any of the foregoing persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any person which is, or is engaged in, a business competitive with the business of the Corporation which could have a material adverse effect on the ability to properly perform the services to be performed by such person for the Corporation. Except as described in the Prospectus, no officer, director, employee or securityholder of the Corporation has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation except for claims in the ordinary and normal course of the business of the Corporation such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Prospectus and to the Agent, the Corporation does not owe any amount to, nor has the Corporation made any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any person not dealing at “arm's length” (as such term is defined in the Income Tax Act (Canada)Act) with any of them except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation is not a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other person not dealing at arm's length with the Corporation. No officer, director or employee of the Corporation and no person which is an affiliate or associate of any of the foregoing persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any person which is, or is engaged in, a business competitive with the business of the Corporation which could have a material adverse effect on the ability to properly perform the services to be performed by such person for the Corporation. Except as described in the Prospectus, no officer, director, employee or securityholder of the Corporation has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation except for claims in the ordinary and normal course of the business of the Corporation such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Prospectus and to the Agent, the Corporation does not owe any amount to, nor has the Corporation made any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any person not dealing at “arm's length” (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation is not a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other person not dealing at arm's length with the Corporation. No officer, director or employee of the Corporation and no person which is an affiliate or associate of any of the foregoing persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any person which is, or is engaged in, a business competitive with the business of the Corporation which could have a material adverse effect on the ability to properly perform the services to be performed by such person for the Corporation. Except as described in the Prospectus, no officer, director, employee or securityholder of the Corporation has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation except for claims in the ordinary and normal course of the business of the Corporation such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Prospectus and to the AgentInformation, the Corporation does not owe any amount to, nor has the Corporation made any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them thereof or any person Person not dealing at “arm's ’s length” (as such term is defined in the Income Tax Act (CanadaAct)) , with any of them except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation. Except as disclosed in the Information and except for usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation is not a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them thereof or any other person Person not dealing at arm's ’s length with the Corporation. No officer, director or employee of the Corporation and no person Person which is an affiliate or associate of any of the foregoing personsPerson, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any person Person which is, or is engaged in, a business competitive with the business of the Corporation which could have a material adverse effect materially adversely impact on the ability to properly perform the services to be performed by such person Person for the Corporation. Except as described in To the Prospectusbest of the Corporation’s knowledge, after making reasonable inquiry, no officer, director, employee or securityholder of the Corporation has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation except for claims in the ordinary and normal course of the business of the Corporation such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Prospectus and to the Agent, the Corporation does not owe any amount to, nor has the Corporation made any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them the Corporation or any person not dealing at “arm's length” (as such term is defined in the Income Tax Act (Canada)) with any of them the Corporation except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation is not a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them the Corporation or any other person not dealing at arm's ’s length with the Corporation. No officer, director or employee of the Corporation and no person which is an affiliate or associate of any of the foregoing persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any person which is, or is engaged in, a business competitive with the business of the Corporation which could have a material adverse effect on the ability to properly perform the services to be performed by such person for the Corporation. Except as described in the Prospectus, no officer, director, employee or securityholder of the Corporation has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation except for claims in the ordinary and normal course of the business of the Corporation such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Prospectus and to the Agent, the Corporation does not owe any amount to, nor has the Corporation made any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any person not dealing at “arm's ’s length” (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation is not a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them it or any other person not dealing at arm's length with the Corporation. No officer, director or employee of the Corporation and no person which is an affiliate or associate of any of the foregoing persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any person which is, or is engaged in, a business competitive with the business of the Corporation which could have a material adverse effect on the ability to properly perform the services to be performed by such person for the Corporation. Except as described in the Prospectus, no officer, director, employee or securityholder of the Corporation has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation except for claims in the ordinary and normal course of the business of the Corporation such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Prospectus and to the Agent, the The Corporation does not owe any amount to, nor has the Corporation made any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee Employee or securityholder of any of them the Corporation or any person not dealing at “arm's ’s length” (as such term is defined in the Income Tax Act (Canada)ITA) with any of them except for usual employee Employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course Ordinary Course of the business Business of the Corporation. Except usual employee Employee or consulting arrangements made in the ordinary and normal course Ordinary Course of businessBusiness, neither the Corporation is not a party to any contract, agreement or understanding with any officer, director, employee Employee or securityholder of any of them the Corporation or any other person not dealing at arm's ’s length with the Corporationany of them. No officer, director or employee Employee of the Corporation and no person Person which is an affiliate Affiliate or associate of any of the foregoing persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee Employee or consultant of, any person which is, or is engaged in, a business competitive with the business of the Corporation Business which could have a material adverse effect Material Adverse Effect on the ability to properly perform the services to be performed by such person for the Corporation. Except as described in the Prospectus, no No officer, director, employee Employee or securityholder of the Corporation has any cause of action or other claim Claim whatsoever against, or owes any amount to, to the Corporation except for claims Claims in the ordinary and normal course Ordinary Course of the business Business of the Corporation such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Prospectus and to the AgentInformation, the Corporation does not owe any amount to, nor has the Corporation made any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them thereof or any person Person not dealing at “"arm's length” " (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation is not a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them thereof or any other person Person not dealing at arm's length with the Corporation. No Insofar as the Corporation is aware, no officer, director or employee of the Corporation and no person Person which is an affiliate or associate of any of the foregoing personsPerson, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any person Person which is, or is engaged in, a business competitive with the business of the Corporation which could have a material adverse effect materially adversely impact on the ability to properly perform the services to be performed by such person Person for the Corporation. Except Insofar as described in the ProspectusCorporation is aware, no officer, director, employee or securityholder of the Corporation has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation except for claims in the ordinary and normal course of the business of the Corporation such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Prospectus and to the Agent, the Corporation does not owe any amount to, nor has the Corporation made any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any person not dealing at “arm's length” (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation is not a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other person not dealing at arm's length with the Corporation. No officer, director or employee of the Corporation and no person which is an affiliate or associate of any of the foregoing persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any person which is, or is engaged in, a business competitive with the business of the Corporation which could have a material adverse effect on the ability to properly perform the services to be performed by such person for the Corporation. Except as described in the Prospectus, no officer, director, employee or securityholder of the Corporation has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation except for claims in the ordinary and normal course of the business of the Corporation such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Prospectus and to the Agent, the The Corporation does not owe any amount to, nor has the Corporation made any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee Employee or securityholder of any of them the Corporation or any person not dealing at “arm's ’s length” (as such term is defined in the Income Tax Act (Canada)ITA) with any of them except for usual employee Employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course Ordinary Course of the business Business of the Corporation. Except usual employee Employee or consulting arrangements made in the ordinary and normal course Ordinary Course of businessBusiness, neither the Corporation is not a party to any contract, agreement or understanding with any officer, director, employee Employee or securityholder of any of them the Corporation or any other person not dealing at arm's ’s length with the Corporationany of them. No officer, director or employee Employee of the Corporation and no person Person which is an affiliate Affiliate or associate of any of the foregoing persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee Employee or consultant of, any person which is, or is engaged in, a business competitive with the business Business of the Corporation which could have a material adverse effect Material Adverse Effect on the ability to properly perform the services to be performed by such person for the Corporation. Except as described in the Prospectus, no No officer, director, employee Employee or securityholder of the Corporation has any cause of action or other claim Claim whatsoever against, or owes any amount to, to the Corporation except for claims Claims in the ordinary and normal course Ordinary Course of the business Business of the Corporation such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.