(1) Unless previously filed, a reporting issuer must file a material contract entered into
(a) within the last financial year; or
(b) before the last financial year if that material contract is still in effect.
(2) Despite subsection (1), a reporting issuer is not required to file a material contract entered into in the ordinary course of business unless the material contract is
(a) a contract to which directors, officers, or promoters are parties other than a contract of employment;
(b) a continuing contract to sell the majority of the reporting issuer’s products or services or to purchase the majority of the reporting issuer’s requirements of goods, services, or raw materials;
(c) a franchise or licence or other agreement to use a patent, formula, trade secret, process or trade name;
(d) a financing or credit agreement with terms that have a direct correlation with anticipated cash distributions;
(e) an external management or external administration agreement; or
(f) a contract on which the reporting issuer’s business is substantially dependent.
(3) A provision in a material contract filed pursuant to subsections (1) or (2) may be omitted or marked to be unreadable if an executive officer of the reporting issuer reasonably believes that disclosure of that provision would be seriously prejudicial to the interests of the reporting issuer or would violate confidentiality provisions.
(4) Subsection (3) does not apply if the provision relates to
(a) debt covenants and ratios in financing or credit agreements;
(b) events of default or other terms relating to the termination of the material contract; or
(c) other terms necessary for understanding the impact of the material contract on the business of the reporting issuer.
(5) If a provision is omitted or marked to be unreadable under subsection (3), the reporting issuer must include a description of the type of information that has been omitted or marked to be unreadable immediately after the provision in the copy of the material contract filed by the reporting issuer.
(6) Despite subsections (1) and (2), a reporting issuer is not required to file a material contract entered into before January 1, 2002.