Common use of Trading of Securities Clause in Contracts

Trading of Securities. Assuming the accuracy of the Purchasers’ representations and warranties set forth in Section 3.2, the Securities shall be qualified for public trading in Canada and able to be traded freely by the Purchasers under the Canadian Securities Laws and the public and no prospectus or other document is required to be filed under the Canadian Securities Laws, no proceeding is required to be taken in connection therewith under the Canadian Securities Laws, and no approval, permit, consent or authorization of regulatory authorities is required to be obtained by the Purchasers or the Company under Canadian Securities Laws to permit such trades.