Common use of Non-Arm’s Length Transactions Clause in Contracts

Non-Arm’s Length Transactions. Except as disclosed in the Information, neither the Corporation nor any Subsidiary owes any amount to, nor has the Corporation or any Subsidiary any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any Person not dealing at "arm's length" (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid in the ordinary and normal course of the business of the Corporation or Subsidiary. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation nor any Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other Person not dealing at arm's length with the Corporation and the Subsidiaries. No officer, director or • employee of the Corporation or any Subsidiary and no Person which is an affiliate or associate of any of the foregoing Persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any Subsidiary which could materially adversely impact on the ability to properly perform the services to be performed by such Person for the Corporation or any Subsidiary. No officer, director, employee or securityholder of the Corporation or any Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or any Subsidiary except for claims in the ordinary and normal course of the business of the Corporation or any Subsidiary such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Information, neither the Corporation nor any the Subsidiary owes any amount to, nor has the Corporation or any the Subsidiary any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any Person not dealing at "arm's length" related person (as such term is defined in the Income Tax Act (Canada)Item 404 of Regulation S-B promulgated by the SEC) with any in respect of them whom disclosure would be required to be included under Item 12 of Form 10-KSB, except for usual employee reimbursements and compensation paid in the ordinary and normal course of the business of the Corporation or the Subsidiary. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation nor any the Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other Person not dealing at arm's ’s length with the Corporation and the SubsidiariesSubsidiary. No officer, director or • employee of the Corporation or any the Subsidiary and no Person which is an affiliate or associate of any of the foregoing Persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any the Subsidiary which could materially adversely impact on the ability to properly perform the services to be performed by such Person for the Corporation or any the Subsidiary. No officer, director, employee or securityholder of the Corporation or any the Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or any the Subsidiary except for claims in the ordinary and normal course of the business of the Corporation or any the Subsidiary such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the InformationenCore Disclosure Letter or enCore Public Records, neither the Corporation enCore nor any enCore Subsidiary owes any amount to, nor has the Corporation enCore or any enCore Subsidiary any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any Person person not dealing at "“arm's length" ” (as such term is defined in the Income Tax Act (Canada)ITA) with any of them except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation enCore or any enCore Subsidiary. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation enCore nor any enCore Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other Person person not dealing at arm's length with the Corporation enCore and the enCore Subsidiaries. No officer, director or • employee of the Corporation enCore or any enCore Subsidiary and no Person person which is an affiliate or associate of any of the foregoing Personspersons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person person which is, or is engaged in, a business competitive with the business of the Corporation enCore or any enCore Subsidiary which could materially adversely impact have a material adverse effect on the ability to properly perform the services to be performed by such Person person for the Corporation enCore or any enCore Subsidiary. No Except as described in the enCore Disclosure Letter or enCore Public Records, no officer, director, employee or securityholder of the Corporation enCore or any enCore Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation enCore or any enCore Subsidiary except for claims in the ordinary and normal course of the business of the Corporation enCore or any enCore Subsidiary such as for accrued vacation pay or other amounts or matters which would not be material to the CorporationenCore.

Non-Arm’s Length Transactions. Except as disclosed in the Information, neither the Corporation nor any Subsidiary owes any amount to, nor has the Corporation or any Subsidiary any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any Person not dealing at "“arm's ’s length" ” (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid in the ordinary and normal course of the business of the Corporation or Subsidiary. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation nor any Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other Person not dealing at arm's ’s length with the Corporation and the Subsidiaries. No officer, director or • employee of the Corporation or any Subsidiary and no Person which is an affiliate or associate of any of the foregoing Persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any Subsidiary which could materially adversely impact on the ability to properly perform the services to be performed by such Person for the Corporation or any Subsidiary. No officer, director, employee or securityholder of the Corporation or any Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or any Subsidiary except for claims in the ordinary and normal course of the business of the Corporation or any Subsidiary such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the InformationSEC Filings, neither the Corporation nor any Subsidiary owes any amount to, nor has the Corporation or any Subsidiary advanced any present loans to, or borrowed any amount from from, or is otherwise become indebted to, any officer, director, employee or securityholder of any of them them, or any Person not dealing at "“arm's ’s length" ” (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid in the ordinary and normal course of the business of the Corporation or Subsidiary. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation nor any Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them them, or any other Person not dealing at arm's ’s length with any of them. To the Corporation and knowledge of the Subsidiaries. No Corporation, no officer, director or • employee of the Corporation or any Subsidiary and no Person which is an affiliate or associate of any of the foregoing Persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any Subsidiary which could materially adversely impact on affect the ability to properly perform the services to be performed by such Person for the Corporation or any Subsidiary. No To the knowledge of the Corporation, no officer, director, employee or securityholder of the Corporation or any Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or any Subsidiary except for claims in the ordinary and normal course of the business of the Corporation or any Subsidiary such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Information, neither the Corporation nor or any Subsidiary owes any amount to, nor has the Corporation or any Subsidiary any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any Person not dealing at "“arm's ’s length" ” (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid in the ordinary and normal course of the business of the Corporation or a Subsidiary. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation nor any Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other Person not dealing at arm's ’s length with the Corporation and the Subsidiaries. No officer, director or • employee of the Corporation or any Subsidiary and no Person which is an affiliate or associate of any of the foregoing Persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any Subsidiary which could materially adversely impact on the ability to properly perform the services to be performed by such Person for the Corporation or any Subsidiary. No officer, director, employee or securityholder of the Corporation or any Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or any Subsidiary except for claims in the ordinary and normal course of the business of the Corporation or any Subsidiary such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Information, neither Each of the Corporation nor any Subsidiary owes and its Material Subsidiaries do not owe any amount to, nor has the Corporation or any Subsidiary the Material Subsidiaries any present material loans to, or borrowed any material amount from or is otherwise materially indebted to, any officer, director, employee or securityholder of any of them thereof or any Person not dealing at "arm's “arm’s-length" ” (as such term is defined in the Income Tax Act (Canada)Act) with any of them except for usual employee reimbursements and compensation paid in the ordinary and normal course of the business of the Corporation or Subsidiaryand its Material Subsidiaries and except as disclosed in the Financial Statements. Except usual employee or consulting arrangements made in the ordinary and normal course of businessbusiness and except as disclosed in the Financial Statements, neither each of the Corporation nor any Subsidiary and its Material Subsidiaries is not a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them thereof or any other Person not dealing at arm's arm’s-length with the Corporation and or the Material Subsidiaries. No officerTo the Corporation’s knowledge, director or • employee no officer of the Corporation or any Subsidiary the Material Subsidiaries and no Person which is an affiliate or associate of any of the foregoing PersonsPerson, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any Subsidiary the Material Subsidiaries which could materially adversely impact on the ability to properly perform the services to be performed by such Person for the Corporation or any Subsidiarythe Material Subsidiaries. No officer, director, employee or securityholder of the Corporation or any Subsidiary the Material Subsidiaries has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or any Subsidiary the Material Subsidiaries except for claims in the ordinary and normal course of the business of the Corporation or any Subsidiary the Material Subsidiaries such as for accrued vacation pay or other amounts or matters which would not be material to the CorporationCorporation or the Material Subsidiaries.

Non-Arm’s Length Transactions. Except as disclosed in the Information, neither the Corporation nor any Subsidiary owes any amount to, nor has the Corporation or any Subsidiary any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any Person not dealing at "“arm's ’s length" ” (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid in the ordinary and normal course of the business of the Corporation or a Subsidiary. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation nor any Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other Person not dealing at arm's ’s length with the Corporation and the Subsidiaries. No officer, director or • employee of the Corporation or any Subsidiary and no Person which is an affiliate or associate of any of the foregoing Persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any Subsidiary which could materially adversely impact on the ability to properly perform the services to be performed by such Person for the Corporation or any Subsidiary. No officer, director, employee or securityholder of the Corporation or any Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or any Subsidiary except for claims in the ordinary and normal course of the business of the Corporation or any Subsidiary such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the InformationDisclosure Documents, neither the Corporation nor any the Subsidiary owes any amount to, nor has the Corporation or any the Subsidiary any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any Person not dealing at "arm's length" (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation or the Subsidiary. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation nor any the Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other Person not dealing at arm's length with the Corporation and the SubsidiariesSubsidiary. No officer, director officer or • employee of the Corporation or any the Subsidiary and no Person which is an affiliate or associate of any of the foregoing Persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any the Subsidiary which could materially adversely impact would reasonably be expected to have a Material Adverse Effect on the ability to properly perform the services to be performed by such Person for the Corporation or any the Subsidiary. No To the knowledge of the Corporation, no officer, director, employee or securityholder of the Corporation or any the Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or any the Subsidiary except for claims in the ordinary and normal course of the business of the Corporation or any the Subsidiary such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.

Non-Arm’s Length Transactions. Except as disclosed in the Information, neither none of the Corporation nor or any Subsidiary owes any amount to, nor has do the Corporation or any Subsidiary have any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee director or securityholder of any of them thereof or any Person not dealing at "“arm's ’s length" ” (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid in the ordinary and normal course of the business of the Corporation or Subsidiaryand its Subsidiaries. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither none of the Corporation nor or any Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them thereof or any other Person not dealing at arm's ’s length with the Corporation and the or its Subsidiaries. No officerExcept as disclosed in the Information, no officer or director or • employee of the Corporation or any Subsidiary and no Person which is an affiliate or associate of any of the foregoing Persons, owns, directly or indirectly, any interest (except for shares representing less than 510% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee director or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any Subsidiary which could materially adversely impact on the ability to properly perform the services to be performed by such Person for the Corporation or any Subsidiary. No officer, director, employee or securityholder of the Corporation or any Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or any Subsidiary except for claims in the ordinary and normal course of the business of the Corporation or any Subsidiary and its Subsidiaries such as for accrued vacation pay or other amounts or matters which would not be material to the CorporationCorporation and its Subsidiaries.

Non-Arm’s Length Transactions. Except as disclosed in the Information, neither Neither the Corporation nor any the Subsidiary owes any amount to, nor has the Corporation or any the Subsidiary any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or securityholder of any of them or any Person not dealing at "arm's length" (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid or other advances of funds in the ordinary and normal course of the business of the Corporation or the Subsidiary. Except usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation nor any the Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or securityholder of any of them or any other Person not dealing at arm's length with the Corporation and the SubsidiariesSubsidiary. No officer, director officer or • employee of the Corporation or any the Subsidiary and no Person which is an affiliate or associate of any of the foregoing Persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any the Subsidiary which could materially adversely impact would reasonably be expected to have a Material Adverse Effect on the ability to properly perform the services to be performed by such Person for the Corporation or any the Subsidiary. No To the knowledge of the Corporation, no officer, director, employee or securityholder of the Corporation or any the Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or any the Subsidiary except for claims in the ordinary and normal course of the business of the Corporation or any the Subsidiary such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation.