Common use of Purchasing as Principal Clause in Contracts

Purchasing as Principal. It is purchasing the Shares as principal for its own account, not for the benefit of any other person, for investment only, and not with a view to the resale or distribution of all or any of the Shares and, unless paragraph (f) or subparagraph (h)(iv) applies, or unless the transaction contemplated by this Agreement is exempted by an order of the securities commission or similar regulatory authority of the province in which it resides: (i) the Subscriber is an "accredited investor" (as that term is as defined in National Instrument 45-106 - Prospectus and Registration Exemptions), has not been created or used solely to purchase or hold the Shares as an accredited investor, and has completed and executed the Certification of Accredited Investor attached hereto as Schedule B and hereby confirms the truth and accuracy of all statements made therein by the Subscriber; or (ii) the Shares have an acquisition cost to the Subscriber of not less than $150,000 which will be paid in cash on Closing;

Purchasing as Principal. It is purchasing the Shares as principal for its own account, not for the benefit of any other person, for investment only, and not with a view to the resale or distribution of all or any of the Shares and, unless paragraph (fe) or subparagraph (h)(ivg)(iv) applies, or unless the transaction contemplated by this Subscription Agreement is exempted by an order of the securities commission or similar regulatory authority of the province in which it resides: (i) the Subscriber is an "accredited investor" (as that term is as defined in National Instrument 45-106 - Prospectus and Registration Exemptions), has not been created or used solely to purchase or hold the Shares as an accredited investor, and has completed and executed the Certification of Accredited Investor attached hereto as Schedule B "B" and hereby confirms the truth and accuracy of all statements made therein by the Subscriber; or (ii) the Shares have an acquisition cost to the Subscriber of not less than $150,000 which will be paid in cash on Closing;