Common use of No Contracts or Commitments Clause in Contracts

No Contracts or Commitments. There are no agreements, covenants, undertakings or other commitments of or on behalf of Orezone, New Orezone or any of the Orezone Subsidiaries under which the completion of the Arrangement or other transactions contemplated herein would: (i) have the effect of imposing restrictions or obligations on Orezone, New Orezone of any of the Orezone Subsidiaries; (ii) give a third party a right to terminate any permit with respect to the Essakane Property or a right to terminate any Essakane Contract to which Orezone or any of the Orezone Subsidiaries is a party or to which any agent or consultant acting on behalf of any of the foregoing, is a party; or (iii) impose restrictions on the ability of Orezone or any of the Orezone Subsidiaries to pay any dividends or make other distributions to its shareholders.