Common use of Shares to Be Reserved Clause in Contracts

Shares to Be Reserved. The Company will at all times keep available, and reserve if necessary out of its authorized common shares, solely for the purpose of issue upon the exercise of the Warrants, such number of Shares as shall then be issuable upon the exercise of the Warrants. The Company covenants and agrees that all Shares which shall be so issuable will, upon issuance, be duly authorized and issued as fully paid and non-assessable and issued. The Company will take all such actions as may be necessary to ensure that all such Shares may be so issued without violation of any applicable requirements of any exchange upon which the common shares of the Company may be listed or in respect of which the common shares are qualified for unlisted trading privileges. The Company will take all such actions are within its power to ensure that all such Shares may be so issued without violation of any applicable law.

Shares to Be Reserved. The Company will at all times keep available, and reserve if necessary under Canadian laws, out of its authorized common shares, solely for the purpose of issue upon the exercise of the Warrants, such number of Shares as shall then be issuable upon the exercise of the Warrants. The Company covenants and agrees that all Shares which shall be so issuable will, upon issuance, be duly authorized and issued as fully paid and non-assessable and issuedassessable. The Company will take all such actions as may be necessary to ensure that all such Shares may be so issued without violation of any applicable requirements of any exchange upon which the common shares of the Company may be listed or in respect of which the common shares are qualified for unlisted trading privileges. The Company will take all such actions as are within its power to ensure that all such Shares may be so issued without violation of any applicable law.

Shares to Be Reserved. The Company will at all times keep available, and reserve if necessary under British Columbia law, out of its authorized common shares, solely for the purpose of issue upon the exercise of the Warrants, such number of Shares as shall are then be issuable upon the exercise of the Warrants. The Company covenants and agrees that all Shares which shall be so issuable will, upon issuance, be duly authorized and issued as fully paid and non-assessable and issuedassessable. The Company will take all such actions as may be necessary to ensure that all such Shares may be so issued without violation of any applicable requirements of any exchange upon which the common shares of the Company may be listed or in respect of which the common shares of the Company are qualified for unlisted trading privileges. The Company will take all such actions that are within its power to ensure that all such Shares may be so issued without violation of any applicable law.

Shares to Be Reserved. The Company Corporation will at all times keep available, and reserve if necessary under Canadian law, out of its authorized common sharesCommon Shares, solely for the purpose of issue upon the exercise of the WarrantsCompensation Options, such number of Shares as shall then be issuable upon the exercise of the WarrantsCompensation Options. The Company Corporation covenants and agrees that all such Shares which shall be so issuable will, upon issuance, be duly authorized and issued as fully paid and non-assessable and issuedassessable. The Company Corporation will take all such actions as may be necessary to ensure that all such Shares may be so issued without violation of any applicable requirements of any exchange upon which the common shares of the Company Common Shares may be listed or in respect of which the common shares Common Shares are qualified for unlisted trading privileges. The Company Corporation will take all such actions are within its power to ensure that all such Shares may be so issued without violation of any applicable law.