Trident is duly incorporated, organized, validly existing and in good standing under the laws of the State of Nevada and has all requisite corporate power and authority to own, lease and to carry on its business as now being conducted.  Trident Canada is duly incorporated, organized, validly existing and in good standing under the laws of Province of Ontario and has all requisite corporate power and authority to own, lease and to carry on its business as now being conducted. Each Trident and Trident Canada is qualified to do business and is in good standing as a foreign corporation in each of the jurisdictions in which it owns property, leases property, does business, or is otherwise required to do so, where the failure to be so qualified would have a material adverse effect on its businesses, operations, or financial condition.