Payment of dividends by the Company is at the discretion of the Board. The Directors have not provided any assurance of the future amount of dividends to be paid. In determining whether to declare future dividends, the Directors will consider the general business environment, the operating results and the financial condition of the Company, future funding requirements, capital management initiatives, taxation considerations, any contractual, legal or regulatory restrictions on the payment of dividends by the Company and any other factors the Directors may consider relevant at the time of their decision.