Common use of Target Financial Statements Clause in Contracts

Target Financial Statements. Target’s audited financial statements as at and for the fiscal years ended December 31, 2012 (including the notes thereto) and related management’s discussion and analysis (“MD&A”) and Target’s unaudited financial statements as at and for the six months ended June 30, 2013 (collectively, the “Target Financial Statements”) were prepared in accordance with IFRS or GAAP, as applicable, consistently applied (except: (A) as otherwise indicated in such financial statements and the notes thereto or, in the case of audited statements, in the related report of Target’s independent auditors; or (B) in the case of unaudited interim statements, are subject to normal period-end adjustments and may omit notes which are not required by applicable Laws in the unaudited statements) and fairly present in all material respects the consolidated financial position, results of operations and cash flows of Target and its subsidiaries as of the dates thereof and for the periods indicated therein (subject, in the case of any unaudited interim financial statements, to normal period-end adjustments) and reflect reserves required by IFRS or GAAP, as applicable, in respect of all material contingent liabilities, if any, of Target and its subsidiaries on a consolidated basis. There has been no material change in Target’s accounting policies, except as described in the notes to the Target Financial Statements, since December 31, 2012.

Target Financial Statements. Target’s 's audited consolidated financial statements as at and for the fiscal years ended December 31June 30, 2012 2009 and 2008 (including the notes thereto) and related management’s 's discussion and analysis (“"MD&A”") and Target’s 's unaudited consolidated financial statements as at and for the six nine months ended June 30March 31, 2013 2010 (collectively, the “"Target Financial Statements”") were prepared in accordance with IFRS or GAAP, as applicable, GAAP consistently applied (except: except (A) as otherwise indicated in such financial statements and the notes thereto or, in the case of audited statements, in the related report of Target’s 's independent auditors; , or (B) in the case of unaudited interim statements, are subject to normal period-end adjustments and may omit notes which are not required by applicable Laws in the unaudited statements) and present fairly present in all material respects the consolidated financial positioncondition, results of operations and cash flows operations, changes in financial position of Target and its subsidiaries as of the dates thereof and for the periods indicated therein (subject, in the case of any unaudited interim financial statements, to normal period-end adjustments) and reflect reserves required by IFRS or GAAP, as applicable, GAAP in respect of all material contingent liabilities, if any, of Target and its subsidiaries on a consolidated basis. Target's audited consolidated financial statements for the fiscal year ended June 30, 2010 will be filed as required pursuant to National Instrument 51-101 "Continuous Disclosure Obligations" on or before September 24, 2010. There has been no material change in Target’s 's accounting policies, except as described in the notes to the Target Financial Statements, since December March 31, 20122010.

Target Financial Statements. Target’s audited consolidated financial statements as at and for the fiscal years ended December 31, 2012 31 2011 and 2010 (including the notes thereto) (the “Target Annual Financial Statements”) and related management’s discussion and analysis (“MD&A”) were prepared in accordance with GAAP and Target’s unaudited condensed interim consolidated financial statements as at and for the six three months ended June 30March 31, 2013 2012 and 2011, and related interim management’s discussion and analysis (collectively, the “Target Interim Financial Statements”) were have been prepared in accordance with IFRS or GAAP, as applicable, in each case consistently applied (except: except (Ai) as otherwise indicated in such financial statements and the notes thereto or, in the case of audited statementsthe Target Annual Financial Statements, in the related report of Target’s independent auditors; or and (Bii) in the case of unaudited interim statements, are the Target Interim Financial Statements subject to normal period-end adjustments and may omit notes which are not required by applicable Laws in the unaudited statements) and fairly present in all material respects the consolidated financial position, results of operations and cash flows of Target and its subsidiaries as of the dates thereof and for the periods indicated therein (subject, in the case of any unaudited interim financial statements, to normal period-end adjustments) and reflect reserves required by IFRS or GAAP, as applicable, in respect of all material contingent liabilities, if any, of Target and its subsidiaries on a consolidated basis. There has been no material change in Target’s accounting policies, except as described in the notes to the Target Financial Statements, policies since December March 31, 2012.

Target Financial Statements. Target’s audited consolidated financial statements as at and for the fiscal years ended December 31June 30, 2012 and 2011 (including the notes thereto) and related management’s discussion and analysis (“MD&A”) MD&A and Target’s unaudited consolidated financial statements as at and for the six three months ended June September 30, 2013 2012 (collectively, the “Target Financial Statements”) were prepared in accordance with IFRS or GAAP, as applicable, GAAP consistently applied (except: (Ai) as otherwise indicated in such consolidated financial statements and the notes thereto or, in the case of audited consolidated statements, in the related report of Target’s independent auditors; or (Bii) in the case of unaudited interim consolidated statements, are subject to normal period-end adjustments and may omit notes which are not required by applicable Laws in the unaudited consolidated statements) and fairly present in all material respects the consolidated financial position, results of operations and cash flows of Target and its subsidiaries as of the dates thereof and for the periods indicated therein (subject, in the case of any unaudited interim consolidated financial statements, to normal period-end adjustments) and reflect reserves required by IFRS or GAAP, as applicable, GAAP in respect of all material contingent liabilities, if any, of Target and its subsidiaries on a consolidated basis. There has been no material change in Target’s accounting policies, except as described in the notes to the Target Financial Statements, since December 31June 30, 2012.

Target Financial Statements. Target’s 's audited consolidated financial statements as at and for the fiscal years ended December October 31, 2012 2009 and 2008 (including the notes thereto) and related management’s 's discussion and analysis (“"MD&A”") and Target’s 's unaudited consolidated financial statements as at and for the six nine months ended June 30July 31, 2013 2010 (collectively, the “"Target Financial Statements”") were prepared in accordance with IFRS or GAAP, as applicable, GAAP consistently applied (except: except (A) as otherwise indicated in such financial statements and the notes thereto or, in the case of audited statements, in the related report of Target’s 's independent auditors; , or (B) in the case of unaudited interim statements, are subject to normal period-end adjustments and may omit notes which are not required by applicable Laws in the unaudited statements) and present fairly present in all material respects the consolidated financial positioncondition, results of operations and cash flows operations, changes in financial position of Target and its subsidiaries as of the dates thereof and for the periods indicated therein (subject, in the case of any unaudited interim financial statements, to normal period-period- end adjustments) and reflect reserves required by IFRS or GAAP, as applicable, GAAP in respect of all material contingent liabilities, if any, of Target and its subsidiaries on a consolidated basis. Target's audited consolidated financial statements for the fiscal year ended October 31, 2010 will be filed as required pursuant to National Instrument 51-102 " Continuous Disclosure Obligations" on or before February 11, 2011. There has been no material change in Target’s 's accounting policies, except as described in the notes to the Target Financial Statements, since December October 31, 20122009.

Target Financial Statements. Target’s 's audited consolidated financial statements as at and for the fiscal years ended December October 31, 2012 2009 and 2008 (including the notes thereto) and related management’s 's discussion and analysis (“"MD&A”") and Target’s 's unaudited consolidated financial statements as at and for the six nine months ended June 30July 31, 2013 2010 (collectively, the “"Target Financial Statements”") were prepared in accordance with IFRS or GAAP, as applicable, GAAP consistently applied (except: except (A) as otherwise indicated in such financial statements and the notes thereto or, in the case of audited statements, in the related report of Target’s 's independent auditors; , or (B) in the case of unaudited interim statements, are subject to normal period-end adjustments and may omit notes which are not required by applicable Laws in the unaudited statements) and present fairly present in all material respects the consolidated financial positioncondition, results of operations and cash flows operations, changes in financial position of Target and its subsidiaries as of the dates thereof and for the periods indicated therein (subject, in the case of any unaudited interim financial statements, to normal period-end adjustments) and reflect reserves required by IFRS or GAAP, as applicable, GAAP in respect of all material contingent liabilities, if any, of Target and its subsidiaries on a consolidated basis. Target's audited consolidated financial statements for the fiscal year ended October 31, 2010 will be filed as required pursuant to National Instrument 51- 102 "Continuous Disclosure Obligations" on or before February 11, 2011. There has been no material change in Target’s 's accounting policies, except as described in the notes to the Target Financial Statements, since December October 31, 20122009.