The Dividend has a deemed price of $0.25 per Auxico Share and was distributed to holders of record of common shares of Manitex (" Manitex Shares ") at the close of business on September 19, 2017 (the " Record Date "), on a pro rata basis of 0.1 Auxico Share per Manitex Share held on the Record Date. No Auxico Shares were delivered to Manitex shareholders residing outside of Canada. Consequently, non-resident Manitex shareholders have received their pro-rata share of the cash equivalent of the Dividend. A total of 1,249,027 Auxico Shares were distributed to resident Manitex shareholders and after distribution of the Dividend, Manitex continues to hold 990,973 Auxico Shares.