Common use of Reporting Issuer Status and Listing of Common Shares Clause in Contracts

Reporting Issuer Status and Listing of Common Shares. The Corporation shall during the term of this Agreement use its commercially reasonable efforts to: (a) maintain the Corporation’s status as a “reporting issuer” not in default under the Securities Laws in each of the provinces and territories of Canada; and (b) maintain the listing of the Common Shares on the Exchanges or another stock exchange(s) acceptable to the Investor, acting reasonably; provided, however, that none of the foregoing covenants shall restrict or prevent the Corporation from engaging in or completing any transaction which would result in the Corporation ceasing to be a “reporting issuer” or the Common Shares ceasing to be listed on any of the Exchanges so long as the holders of Common Shares receive cash or securities of an entity which is listed on either of the Exchanges or the holders of the Common Shares have approved the transaction.

Reporting Issuer Status and Listing of Common Shares. The Corporation shall during Company shall, for a period of two years following the term of this Agreement date hereof, use its commercially reasonable efforts to: : (a) maintain the Corporation’s Company's status as a “"reporting issuer” " not in default under the Canadian Securities Laws in each of the provinces and territories of CanadaReporting Jurisdictions; and and (b) maintain the listing of the Common Shares on the Exchanges TSXV, the Toronto Stock Exchange or another stock exchange(s) exchange acceptable to the Investor, acting reasonably; provided, however, provided that none of the foregoing these covenants shall not restrict or prevent the Corporation Company from engaging in or completing any transaction which would result in the Corporation Company ceasing to be a “"reporting issuer” " or the Common Shares ceasing to be listed on any of the Exchanges TSXV so long as the holders of Common Shares receive cash or securities of an entity which is listed on either of a stock exchange in Canada or such other exchange as may be agreed upon by the Exchanges Company and the Investor, acting reasonably, or the holders of the Common Shares have approved the transaction.