1. Except for assets capitalized under finance leases, the Company and its subsidiary have satisfactory title to all assets appearing in the consolidated and separate statement of financial position, and there are no liens or encumbrances on the Company’s or its subsidiary’s assets, nor have any asset been pledged as collateral, other than those that are disclosed in the condensed Note to the interim consolidated and separate financial statements. All assets to which the Company and its subsidiary have satisfactory title appear in the consolidated and separate statement of financial position.