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Filing of Insider Reports A Reporting Insider of the Company is required to file an initial insider report within ten days of becoming a Reporting Insider (unless the Reporting Insider does not have any beneficial ownership of, control or direction over, whether direct or indirect, in securities of the Company) and subsequent insider reports within five days following any trade in securities of the Company.Preparation and Filing of Insider Reports Insider trading reports are required to be filed electronically on the “System for Electronic Disclosure by Insiders” or “SEDI”.Directors, officers, employees and consultants should confirm the timing for issuance of financial results prior to engaging in a transaction involving securities of the Company.d) Blackout periods may be prescribed from time to time as a result of special circumstances relating to the Company pursuant to which directors, officers, employees and/or consultants of the Company and its affiliates may be precluded from trading in securities of the Company and/or other issuers.By choosing “I agree” below, you agree that NPR’s sites use cookies, similar tracking and storage technologies, and information about the device you use to access our sites to enhance your viewing, listening and user experience, personalize content, personalize messages from NPR’s sponsors, provide social media features, and analyze NPR’s traffic.This information is shared with social media services, sponsorship, analytics and other third-party service providers. A fundamental principle of securities legislation is that everyone investing in securities should have equal access to information that may affect their decision as to whether to buy, sell or hold securities.

Similarly, if such a person informs another person of undisclosed Material Information, and such person buys or sells securities on the basis of that information, the seller or buyer on the other side of the transaction is, once again, at a disadvantage.

In addition, this policy applies to Material Information relating to another company that directors, officers, employees or consultants of the Company or its affiliates may learn in the course of a proposed or pending transaction. Trading Restrictions and Blackout Periods Directors, officers, employees and consultants may trade in the Company’s securities, either directly or indirectly, or may exercise direction or control over the trading of its securities, except as follows: a) Trading by directors, officers, employees and consultants is prohibited when they are in possession of Material Information which is being kept confidential and which has not been made public.

Except in the necessary course of business, it is also illegal for anyone to inform any other person of material non-public information (referred to as “tipping”).

You are deemed to be a “Reporting Insider” of the Company if (a) you are a director or the CEO, CFO or COO of the Company or one of the Company’s major subsidiaries (defined as entities that represent 30% or more of the consolidated assets or revenue of the Company based on a look back at the most recent annual or interim financial statements), or (b) you are a person responsible for a principal business unit, division or function of the Company, or (c) you are a shareholder that controls 10% or more of the securities of the Company (calculated on a post-conversion beneficial ownership basis), or (d) regardless of your title and position with the Company, you (i) in the ordinary course of business receive or have access to information as to material facts or material changes concerning the Company before the material facts or material changes are generally disclosed; and (ii) directly or indirectly exercise, or have the ability to exercise, significant power or influence over the business, operations, capital or development of the Company.

The definition of the term “Reporting Insider” in securities legislation is very technical and you are encouraged to contact any one of the Designated Officers if you are unsure whether you are deemed to be a Reporting Insider of the Company.

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