DIVIDEND

Ovivo Inc. has a policy of reinvesting earnings to finance the growth of its business. In addition, its capacity to pay dividends is limited by the conditions of its financing agreements. Any decision to pay dividends will be made by the Board of Directors of Ovivo Inc. based primarily on its financial position, operating results, capital expenditures required to support growth, contractual restrictions, commitments under the terms of its financing agreements, solvency criteria imposed by legislation respecting corporations and other factors that Ovivo Inc. may deem relevant. The Corporation has paid no dividends since its incorporation on May 15, 2007.

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