Common use of Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities Clause in Contracts

Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities. (1) You may transfer escrow securities you have pledged, mortgaged or charged under section 4.2 to a financial institution as collateral for a loan within escrow to the lender on realization provided that: (a) you make application to transfer under the Policy at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a statutory declaration of an officer of the financial institution that the financial institution is legally entitled to the escrow securities; (b) evidence that the Exchange has accepted the pledge, mortgage or charge of escrow securities to the financial institution; (c) a transfer power of attorney, executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and (d) an acknowledgement in the form of Form 5E signed by the financial institution.

Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities. (1) You may transfer escrow securities you have pledged, mortgaged or charged under section 4.2 to a financial institution as collateral for a loan within escrow to the lender on realization provided that: (a) you make application to transfer under the Policy at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a statutory declaration of an officer of the financial institution that the financial institution is legally entitled to the escrow securities; (b) evidence that the Exchange has accepted the pledge, mortgage or charge of escrow securities to the financial institution; (c) a transfer power of attorney, executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and (d) an acknowledgement in the form of Form 5E signed by the financial institution.. FORM 5D ESCROW AGREEMENT Page 9

Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities. (1) You may transfer escrow securities you have pledged, mortgaged or charged under section 4.2 to a financial institution as collateral for a loan within escrow to the lender on realization provided that: (a) you make application to transfer under the Policy at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a statutory declaration of an officer of the financial institution that the financial institution is legally entitled to the escrow securities; (b) evidence that the Exchange has accepted the pledge, mortgage or charge of escrow securities to the financial institution; (c) a transfer power of attorney, executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and (d) an acknowledgement in the form of Form 5E signed by the financial institution.

Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities. (1) You may transfer escrow securities you have pledged, mortgaged or charged under section 4.2 to a financial institution as collateral for a loan within escrow to the lender on realization provided that: (a) you make application to transfer under the Policy at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a statutory declaration of an officer of the financial institution that the financial institution is legally entitled to the escrow securities; (b) evidence that the Exchange has accepted the pledge, mortgage or charge of escrow securities to the financial institution; (c) a transfer power of attorney, executed by the transferor in accordance with the requirements of the Issuer’s 's transfer agent; and (d) an acknowledgement in the form of Form 5E signed by the financial institution.

Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities. (1) You may transfer escrow securities you have pledged, mortgaged or charged under section 4.2 to a financial institution as collateral for a loan within escrow to the lender on realization provided that: (a) you make application to transfer under the Policy at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer `the Escrow Agent must receive: (a) a statutory declaration of an officer of the financial institution that the financial institution is legally entitled to the escrow securities; (b) evidence that the Exchange has accepted the pledge, mortgage or charge of escrow securities to the financial institution; (c) a transfer power of attorney, executed by the transferor in accordance with the requirements of the Issuer’s 's transfer agent; and (d) an acknowledgement in the form of Form 5E SE signed by the financial institution.:

Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities. (1) You may transfer escrow securities you have pledged, mortgaged or charged under section 4.2 to a financial institution as collateral for a loan within escrow to the lender on realization provided that: (a) you make application to transfer under the Policy at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a statutory declaration of an officer of the financial fmancial institution that the financial institution is legally entitled to the escrow securities; (b) evidence that the Exchange has accepted the pledge, mortgage or charge of escrow securities to the financial institution; (c) a transfer power of attorney, executed by the transferor in accordance with the requirements of the Issuer’s 's transfer agent; and (d) an acknowledgement in the form of Form 5E signed by the financial institution.

Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities. (1) You may transfer escrow securities you have pledged, mortgaged or charged under section 4.2 to a financial institution as collateral for a loan within escrow to the lender on realization provided that: (a) you make application to transfer under the Policy at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. (2) Prior to the transfer the Escrow Agent must receive: (a) a statutory declaration of an officer of the financial institution that the financial institution is legally entitled to the escrow securities; (b) evidence that the Exchange has accepted the pledge, mortgage or charge of escrow securities to the financial institution; (c) a transfer power of attorney, executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and (d) an acknowledgement in the form of Form 5E signed by the financial institution.. FORM 5D