Common use of Reporting Issuer Status and Securities Laws Matters Clause in Contracts

Reporting Issuer Status and Securities Laws Matters. Zazu is a "reporting issuer" within the meaning of applicable Securities Laws in all provinces of Canada except Québec. Zazu is not on the list of reporting issuers in default under applicable Securities Laws, and no securities commission or similar regulatory authority has issued any order preventing or suspending trading of any securities of Zazu, and Zazu is not in default of any material provision of applicable Securities Laws. Trading in the Zazu Shares on the TSXV is not currently halted or suspended. No delisting, suspension of trading or cease trading order with respect to any securities of Zazu is pending or, to the knowledge of Zazu, threatened. No inquiry, review or investigation (formal or informal) of Zazu by any securities commission or similar regulatory authority under applicable Securities Laws, or to the TSXV is in effect or ongoing or expected to be implemented or undertaken. Except as set forth above in this Section 8, Zazu is not subject to continuous disclosure or other public reporting requirements under any Securities Laws or any other securities Laws. The documents and information comprising the Zazu Disclosure Record, as at the respective dates they were filed, were in compliance in all material respects with applicable Securities Laws and, where applicable, the rules and policies of the TSXV and were true, correct and complete in all material respects and did not contain any misrepresentation. Zazu is up-to-date in all forms, reports, statements and documents, including financial statements and management's discussion and analysis, required to be filed by Zazu under applicable Securities Laws and the rules and policies of the TSXV. Zazu has not filed any confidential material change report that at the date hereof remains confidential.

Reporting Issuer Status and Securities Laws Matters. Zazu The Company is a "“reporting issuer" ” (within the meaning of applicable Canadian Securities Laws Laws) in all provinces the jurisdictions of Canada except Québec. Zazu Ontario, British Columbia and Alberta and the Company is not on the list of reporting issuers in default under applicable Securities Lawsin such jurisdictions, and no securities commission or similar regulatory authority has issued any order preventing or suspending trading of any securities of Zazuthe Company, and Zazu the Company is not in default of any compliance in all material provision of respects with applicable Canadian Securities Laws. Trading in the Zazu Common Shares on the TSXV TSX-V is not currently halted or suspended. No delisting, suspension of trading or cease trading trade order with respect to any securities of Zazu the Company is pending or, to the knowledge of Zazuthe Company, threatened. No To the knowledge of the Company, no inquiry, review or investigation (formal or informal) of Zazu the Company by any securities commission or similar regulatory authority under applicable Canadian Securities Laws, Laws or to the TSXV TSX-V is in effect or ongoing or expected to be implemented or undertaken. Except as set forth above in this Section 8, Zazu is not subject to continuous disclosure or other public reporting requirements under any Securities Laws or any other securities Laws. The documents and information comprising the Zazu Company Public Disclosure Record, as at the respective dates they were filed, were in compliance in all material respects respects, and all documents to be filed by or on behalf of the Company on SEDAR following the date of this Agreement will be in compliance in all material respects, with applicable Canadian Securities Laws and, where applicable, the rules and policies of the TSXV TSX-V and did not, and will not, contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were truemade, correct not misleading and complete in such documents collectively constitute full, true and plain disclosure of all material respects facts relating to the Company. The Company has timely filed, and did not contain any misrepresentation. Zazu is up-to-date in will timely file, all forms, reports, statements and documents, including financial statements and management's ’s discussion and analysis, required to be filed by Zazu the Company under applicable Canadian Securities Laws and the rules and policies of the TSXV. Zazu TSX-V. The Company has not filed any confidential material change report that at the date hereof remains confidential.

Reporting Issuer Status and Securities Laws Matters. Zazu (a) The Company is a "“reporting issuer" ” within the meaning of applicable Canadian Securities Laws in all provinces each of Canada except Québec. Zazu the Provinces and the United States and is not on the list of reporting issuers in default under applicable Securities Lawsin each of the Provinces in which such concept exists, and no securities commission or similar regulatory authority has issued any order preventing or suspending trading of any 14 securities of Zazuthe Company, and Zazu the Company is not in default of any material provision requirement of applicable Securities Lawssecurities Laws or the rules or regulations of the TSX. Trading in the Zazu Company Common Shares on the TSXV TSX is not currently halted or suspended. No delisting, suspension of trading or cease trading order with respect to any securities of Zazu the Company is pending or, to the knowledge Knowledge of Zazuthe Company, threatened. No To the Knowledge of the Company, no inquiry, review or investigation (formal or informal) of Zazu the Company by any securities commission Canadian Securities Administrator or similar regulatory authority the TSX under applicable Securities Laws, securities Laws or regulations of the TSX is pending or threatened. The Company has not taken any action to the TSXV is in effect or ongoing or expected cease to be implemented or undertaken. Except as set forth above a reporting issuer in this Section 8, Zazu is not subject any of the Provinces nor has the Company received notification from any Canadian Securities Administrator seeking to continuous disclosure or other public revoke the reporting requirements under any Securities Laws or any other securities Lawsissuer status of the Company. The documents and information comprising the Zazu Company Public Disclosure Record, as at the respective dates they were filed, were in compliance in all material respects with applicable Securities securities Laws and, where applicable, the rules and policies of the TSXV TSX and did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were truemade, correct and complete in all material respects not misleading, and did not contain any misrepresentation. Zazu is up-to-date in all forms, reports, statements and documents, including financial statements and management's discussion and analysis, required to be filed by Zazu under applicable Securities Laws and the rules and policies of the TSXV. Zazu The Company has not filed any confidential material change report that at the date hereof remains confidential.

Reporting Issuer Status and Securities Laws Matters. Zazu (a) Parent is a "“reporting issuer" ” within the meaning of applicable Securities securities Laws in all each of the provinces and territories of Canada except Québec. Zazu (other than Quebec) and is not on the list of reporting issuers in default under applicable Securities Lawsdefault, and no securities commission or similar regulatory authority has issued any order preventing or suspending trading of any securities of ZazuParent, and Zazu Parent is not in default of any material provision of applicable Securities Lawssecurities Laws or the rules or regulations of the TSX. Trading in the Zazu Parent Shares on the TSXV TSX is not currently halted or suspended. No delisting, suspension of trading or cease trading order with respect to any securities of Zazu Parent is pending or, to the knowledge Knowledge of ZazuParent, threatened. No inquiry, review or investigation (formal or informal) of Zazu Parent by any securities commission or similar regulatory authority under applicable Securities Laws, securities Laws or to the TSXV TSX is in effect or ongoing or expected to be implemented or undertaken. Except as set forth above Parent has not taken any action to cease to be a reporting issuer in this Section 8any province or territory of Canada (other than Quebec) nor has Parent received notification from any securities commission or similar regulatory authority, Zazu is not subject seeking to continuous disclosure or other public revoke the reporting requirements under any Securities Laws or any other securities Lawsissuer status of Parent. The documents and information comprising the Zazu Public Disclosure Record, as at the respective dates they were filed, were in compliance in all material respects with applicable Securities securities Laws and, where applicable, the rules and policies of the TSXV and were true, correct and complete in all material respects TSX and did not contain any misrepresentation. Zazu is up-to-date in all forms, reports, statements and documents, including financial statements and management's discussion and analysis, untrue statement of a material fact or omit to state a material fact required to be filed by Zazu under applicable Securities Laws and stated therein or necessary to make the rules and policies statements therein, in light of the TSXVcircumstances under which they were made, not misleading. Zazu Parent has not filed any confidential material change report that at the date hereof remains confidential.

Reporting Issuer Status and Securities Laws Matters. Zazu (a) The Company is a "“reporting issuer" ” within the meaning of applicable Canadian Securities Laws in all provinces each of Canada except Québec. Zazu the Provinces and the United States and is not on the list of reporting issuers in default under applicable Securities Lawsin each of the Provinces in which such concept exists, and no securities commission or similar regulatory authority has issued any order preventing or suspending trading of any securities of Zazuthe Company, and Zazu the Company is not in default of any material provision requirement of applicable Securities Lawssecurities Laws or the rules or regulations of the TSX. Trading in the Zazu Company Common Shares on the TSXV TSX is not currently halted or suspended. No delisting, suspension of trading or cease trading order with respect to any securities of Zazu the Company is pending or, to the knowledge Knowledge of Zazuthe Company, threatened. No To the Knowledge of the Company, no inquiry, review or investigation (formal or informal) of Zazu the Company by any securities commission Canadian Securities Administrator or similar regulatory authority the TSX under applicable Securities Laws, securities Laws or regulations of the TSX is pending or threatened. The Company has not taken any action to the TSXV is in effect or ongoing or expected cease to be implemented or undertaken. Except as set forth above a reporting issuer in this Section 8, Zazu is not subject any of the Provinces nor has the Company received notification from any Canadian Securities Administrator seeking to continuous disclosure or other public revoke the reporting requirements under any Securities Laws or any other securities Lawsissuer status of the Company. The documents and information comprising the Zazu Company Public Disclosure Record, as at the respective dates they were filed, were in compliance in all material respects with applicable Securities securities Laws and, where applicable, the rules and policies of the TSXV TSX and did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were truemade, correct and complete in all material respects not misleading, and did not contain any misrepresentation. Zazu is up-to-date in all forms, reports, statements and documents, including financial statements and management's discussion and analysis, required to be filed by Zazu under applicable Securities Laws and the rules and policies of the TSXV. Zazu The Company has not filed any confidential material change report that at the date hereof remains confidential.

Reporting Issuer Status and Securities Laws Matters. Zazu The Company is a "“reporting issuer" ” within the meaning of applicable Canadian Securities Laws in all provinces of Canada except Québec. Zazu is and not on the list of reporting issuers in default under applicable Canadian Securities Laws, and no securities commission or similar regulatory authority has issued any order preventing or suspending trading of any securities of Zazuthe Company, and Zazu the Company is not in default of any compliance in all material provision of respects with applicable Canadian Securities Laws. Trading in the Zazu Common Shares on the TSXV TSX is not currently halted or suspended. No delisting, suspension of trading or cease trading order with respect to any securities of Zazu the Company is pending or, to the knowledge of Zazuthe Company, threatened. No To the knowledge of the Company, no inquiry, review or investigation (formal or informal) of Zazu the Company by any securities commission or similar regulatory authority under applicable Canadian Securities Laws, Laws or to the TSXV TSX is in effect or ongoing or expected to be implemented or undertaken. Except as set forth above in this Section 83.1(g), Zazu neither the Company nor any Company Entity is not subject to continuous disclosure or other public reporting requirements under any Securities Laws or any other securities Laws. The documents and information comprising the Zazu Company Public Disclosure Record, as at the respective dates they were filed, were in compliance in all material respects with applicable Canadian Securities Laws and, where applicable, the rules and policies of the TSXV and were true, correct and complete in all material respects TSX and did not contain any misrepresentationuntrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. Zazu is up-to-date in The Company has timely filed all forms, reports, statements and documents, including financial statements and management's ’s discussion and analysis, required to be filed by Zazu the Company under applicable Canadian Securities Laws and the rules and policies of the TSXVTSX. Zazu The Company has not filed any confidential material change report that at the date hereof remains confidential.