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PRVT » Topics » Section 4.7 Reservation of PMG Common Stock

This excerpt taken from the PRVT 8-K filed Nov 3, 2009.

Section 4.7 Reservation of PMG Common Stock

PMG hereby represents, warrants and covenants that it has reserved for issuance and will at all times while any Exchangeable Shares are outstanding, keep available out of its authorized and unissued share capital such number of PMG Common Stock as is now and may hereafter be required to enable and permit Corporation, PMG and Callco to meet their respective obligations hereunder and under the Exchangeable Share Provisions. PMG further represents, warrants and covenants that the PMG Common Stock issuable as described herein will be duly authorized and validly issued as fully-paid.

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