RE:RE:RE:RE:RE:RE:RE:155 million shares would roughly need to be issued to repay Fortress will not create, incur, assume or permit to exist any Senior Indebtedness
of Fortress. Notwithstanding the foregoing, this provision shall not operate to
restrict: (i) the ability of Fortress to provide any Guarantee of indebtedness of any
Subsidiary or affiliate; (ii) the incurrence of any Senior Indebtedness by any
Subsidiary or affiliates of Fortress; (iii) the incurrence of indebtedness by Fortress
to any of its Subsidiaries or affiliates; (iv) any indebtedness of Fortress incurred
under purchase money liens or capital lease obligations; (v) any indebtedness in
respect of trade letters of credit; (vi) any indebtedness in respect of swap,
hedging or other similar contracts or arrangements; (vii) any Senior Indebtedness
existing as of the date hereof; and (viii) the incurrence of Senior Indebtedness by
Fortress not to exceed $2.0 million.
Our material subsidiaries and their respective jurisdictions of organization are set out in the diagram below. In this document: the consolidated operations of Fortress Global Enterprises Inc. and its subsidiaries will be referred to collectively as "we", "our", "us", the "Company" or "Fortress", unless otherwise specifically noted or the context requires otherwise; "Cogeneration Facility" means the cogeneration plant owned by Fortress Bioenergy located in Thurso, Qubec, Canada; Fortress Bioenergy Ltd. will be referred to as "Fortress Bioenergy"; Fortress Specialty Cellulose Inc. will be referred to as "Fortress Specialty"; "Fortress Specialty Mill" means the dissolving pulp manufacturing facility owned by Fortress Specialty located in Thurso, Qubec, Canada; Fortress Advanced Bioproducts Inc. will be referred to as "FortressAB"; Fortress Xylitol Inc. will be referred to as "FXI"; and S2G Biochemicals Inc. will be referred to as "S2G". 100% Fortress Global Enterprises Inc. (British Columbia) Fortress Specialty Cellulose Inc. (British Columbia) Fortress Bioenergy Ltd. (British Columbia) Fortress Advanced Bioproducts Inc. (British Columbia) 100% S2G Biochemicals