Common use of Reporting Status and Securities Laws Matters Clause in Contracts

Reporting Status and Securities Laws Matters. Target is a "reporting issuer" and not on the list of reporting issuers in default under applicable Canadian provincial Securities Laws in each of the Provinces of British Columbia and Alberta. The Target Shares are listed on, and Target is in compliance with the rules and policies of, the TSX-V. Target is not subject to regulation by any other stock exchange. No delisting, suspension of trading in or cease trading order with respect to any securities of Target and, to the knowledge of Target, no inquiry or investigation (formal or informal) of any Securities Authority (including, for purposes of this paragraph, any similar authority in the United States) or the TSX-V is in effect or ongoing or, to the knowledge of Target, expected to be implemented or undertaken.

Reporting Status and Securities Laws Matters. Target is a "reporting issuer" and not on the list of reporting issuers in default under applicable Canadian provincial Securities Laws in each of the Provinces of British Columbia Columbia, Alberta and AlbertaOntario. The Target Shares are listed on, and Target is in compliance with the rules and policies of, the TSX-V. . Target is not subject to regulation by any other stock exchange. No delisting, suspension of trading in or cease trading order with respect to any securities of Target and, to the knowledge of Target, no inquiry or investigation (formal or informal) of any Securities Authority (including, for purposes of this paragraph, any similar authority in the United States) or the TSX-V TSX is in effect or ongoing or, to the knowledge of Target, expected to be implemented or undertaken.

Reporting Status and Securities Laws Matters. Target is a "“reporting issuer" ” and not on the list of reporting issuers in default under applicable Canadian provincial Securities Laws in each of the Provinces of British Columbia Columbia, Alberta and AlbertaSaskatchewan. The Target Shares are listed on, on the TSXV and Target is in compliance with quoted on the rules OTCQX and policies of, the TSX-V. Target is Frankfurt Stock Exchange and are not subject to regulation by listed or quoted on any other stock exchangeexchange or over-the-counter quotation system. No delisting, suspension of trading in or cease trading order with respect to any securities of Target is in effect or ongoing and, to the knowledge of Target, no inquiry or investigation (formal or informal) of any Securities Authority (includingAuthority, for purposes of this paragraph, any similar authority in the United States) TSXV or the TSX-V OTCQX is in effect or ongoing or, to the knowledge of Target, or expected to be implemented or undertaken.