Common use of Flow-Through Share Matters Clause in Contracts

Flow-Through Share Matters. Other than the obligation to incur CAD2,722,116 on eligible CEE expenditure prior to 31 December 2024, and then renounce the full CAD4,500,001 from the flow through raise completed in July 2023 accordingly, 92 Energy has fulfilled all of its obligations to incur and renounce “CEE” and “Canadian development expense” (as defined in the Income Tax Act (Canada)) in the full amounts of any subscription funds received pursuant to any “flow-through share” (as defined in the Income Tax Act (Canada)) subscription agreement. ▇▇▇▇ represents and warrants the following: 1.1 status: ▇▇▇▇ is a company duly formed and validly existing under the laws of the Province of British Columbia and each member of the ▇▇▇▇ Group is a corporation duly formed and validly existing under the laws of its place of incorporation. ▇▇▇▇ and each member of the ▇▇▇▇ Group is duly qualified to carry on business and is in good standing in each jurisdiction in which the character of its properties and assets owned, leased, licensed or otherwise held, or the nature of its activities makes such qualification necessary;