Common use of Securities Qualification Requirements Clause in Contracts

Securities Qualification Requirements. a. If, in the opinion of Counsel, any instrument is required to be filed with, or any permission is required to be obtained from, any governmental authority or regulatory body in Canada or the United States or any other step is required under any federal or provincial law of Canada or federal or state law of the United States before any Common Shares which a Warrantholder is entitled to acquire pursuant to the exercise of any Purchase Warrant may properly and legally be issued upon due exercise thereof and thereafter traded, without further formality or restriction, the Corporation covenants that it will take such required action at its expense, as is required or appropriate in the circumstances.

Securities Qualification Requirements. a. If, in the opinion of CounselCounsel to the Corporation, any instrument is required to be filed with, or any permission is required to be obtained from, any governmental authority or regulatory body in Canada or the United States or any other step is required under any federal or provincial law of Canada or federal or state law of the United States before any Common Shares Underlying Securities which a Warrantholder is entitled to acquire pursuant to the exercise of any Purchase Warrant may properly and legally be issued in any jurisdiction where the Corporation is currently a reporting issuer upon due exercise thereof and thereafter traded, without further formality or restriction, the Corporation covenants that it will take such required action at its expense, as is required or appropriate in the circumstancesaction.