Common use of Dividends Preferential Clause in Contracts

Dividends Preferential. Except with the consent in writing of the holders of all the Second Preferred Shares outstanding, no dividend can be declared and paid on or set apart for payment on the Common Shares or on any other shares ranking junior to the Second Preferred Shares unless and until all dividends, if any, up to and including any dividend payable for the last completed period for which such dividend is payable on each series of Second Preferred Shares outstanding have been declared and paid or set apart for payment. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (Chairman) Yes ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ No ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Yes ▇▇▇ ▇. ▇▇▇▇▇▇▇ Yes ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Yes ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇▇▇ Yes ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Yes ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ No ▇▇▇▇▇ ▇▇▇▇▇▇ Yes A by-law relating generally to the conduct of the business and affairs of 7050372 Canada Inc.