Common use of Prospectus Exemptions Clause in Contracts

Prospectus Exemptions. The Subscriber acknowledges that if this Subscription Agreement is accepted, the Securities will be distributed to the Subscriber pursuant to a regulatory exemption from statutory requirements that would otherwise require the Fund to deliver to the Subscriber a prospectus that complies with statutory requirements. In doing so, the Fund will be relying on the following representations and certification by the Subscriber: The Subscriber hereby represents and certifies that the Subscriber is acting for the Subscriber’s own account and is purchasing the Securities as principal (or is deemed by National Instrument 45-106 - Prospectus Exemptions to be acting as principal) for investment purposes only and not with a view to resale and is:

Prospectus Exemptions. The Subscriber acknowledges that that, if this Subscription Agreement is accepted, the Securities Units will be distributed to the Subscriber pursuant to a regulatory exemption from statutory requirements that would otherwise require the Fund Partnership to deliver to the Subscriber a prospectus that complies with statutory requirements. In doing so, the Fund Partnership will be relying on the following representations and certification by the Subscriber: The Subscriber hereby represents and certifies that the Subscriber is acting for the Subscriber’s his, her or its own account and is purchasing the Securities Units as principal (or is deemed by National Instrument 45-106 - Prospectus Exemptions to be acting as principal) for investment purposes only and not with a view to resale and is:

Prospectus Exemptions. The Subscriber acknowledges that that, if this Subscription Agreement is accepted, the Securities will be distributed to the Subscriber pursuant to a regulatory exemption from statutory requirements that would otherwise require the Fund Partnership to deliver to the Subscriber a prospectus that complies with statutory requirements. In doing so, the Fund Partnership will be relying on the following representations and certification by the Subscriber: The Subscriber hereby represents and certifies that the Subscriber is acting for the Subscriber’s his, her or its own account and is purchasing the Securities as principal (or is deemed by National Instrument 45-106 - Prospectus Exemptions to be acting as principal) for investment purposes only and not with a view to resale and is: