Common use of Warrant Agent’s Remuneration and Expenses Clause in Contracts

Warrant Agent’s Remuneration and Expenses. The Corporation will pay to the Warrant Agent from time to time such reasonable remuneration for its services under this Indenture as may be agreed upon between the Corporation and the Warrant Agent and will pay or reimburse the Warrant Agent upon its request for all reasonable expenses, disbursements and advances properly incurred or made by the Warrant Agent in the administration or execution of the trusts hereby created (including the reasonable compensation and the disbursements of its counsel and all other advisors and assistants not regularly in its employ), both before any default under this Indenture and thereafter until all duties of the Warrant Agent under the trusts hereof will be finally and fully performed, except any such expense, disbursement or advance as may arise from the gross negligence or fraud of the Warrant Agent, its servants, agents, counsel or other advisors or assistants aforesaid. Any amount due under this Section 7.2 and unpaid 30 days after request for such payment will bear interest from the expiration of such 30 days at rates per annum equal to the prime rates for commercial loans in Canadian funds at Vancouver charged from time to time by the bankers of the Corporation.

Warrant Agent’s Remuneration and Expenses. The Corporation will pay to the Warrant Agent from time to time such reasonable remuneration for its services under this Indenture hereunder as may be agreed upon between the Corporation and the Warrant Agent and will pay or reimburse the Warrant Agent upon its request for all reasonable expenses, disbursements and advances properly incurred or made by the Warrant Agent in the administration or execution of the trusts duties and obligations hereby created (including the reasonable compensation and the disbursements of its counsel and all other advisors and assistants not regularly in its employ), both before any default under this Indenture hereunder and thereafter until all duties and obligations of the Warrant Agent under the trusts provisions hereof will shall be finally and fully performed, except any such expense, disbursement or advance as may arise from the gross negligence or fraud wilful misconduct of the Warrant Agent, its servants, agents, servants or agents or its counsel or other advisors or assistants aforesaid. Any amount due under this Section 7.2 section and unpaid 30 days after request for such payment will shall bear interest from the expiration of such 30 days at rates per annum equal to as determined for the prime rates for commercial loans in Canadian funds Warrant Agent’s corporate client account at Vancouver charged Toronto, Ontario from time to time by the bankers of the Corporationtime.