Legal Notice Or Legal Disclaimer

Website Terms and Conditions

By accessing this website or downloading its contents, you agree to be bound by the terms and conditions set out in this legal notice. If you do not agree to these terms and conditions, do not access this website nor download its content.

Caution About Forward-Looking Statements

Certain statements made on this website are forward-looking statements and are subject to important risks, uncertainties and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events. MDA assumes no obligation to publicly update or revise its forward looking statements even if experience or future changes make it clear that any projected results expressed or implied herein do not materialize. For a description of risks that could cause actual results or events to differ materially from current expectations, please refer to MDA's most updated management discussion and analysis.

EBITDA and Net Cash Earnings

The terms, EBITDA (earnings before interest, taxes, depreciation and amortization), and net cash earnings do not have any standardized meaning prescribed by Canadian generally accepted accounting principles (GAAP). It is therefore unlikely to be comparable to similar measures presented by other companies. EBITDA and net cash earnings are presented on a consistent basis from period to period.

MDA defines EBITDA as earnings before interest, taxes and amortization. EBITDA is used internally by the Company to consistently compare cash operating results from one period to another and is the basis for assessing a primary measurement covenant for the Company's bankers. The Company also believes that EBITDA is used by certain investors and analysts in measuring a company's ability to service debt and to meet other payment obligations or as a valuation measurement. EBITDA for segmented operations excludes corporate expenses and other income. EBITDA is discussed in this management’s discussion and analysis in the sections "Results of Operations” and Quarterly Results".

MDA defines net cash earnings as net earnings adjusted for stock option expense, notional imputed interest expense, amortization of intangible assets and reduction in cash taxes arising from acquisitions. Expenses relating to stock options and notional imputed interest are added back to net earnings because they are not settled by the transfer of cash. Net cash earnings exclude the effects of amortization of intangible assets, which is a non-cash charge arising from acquisitions under GAAP. Furthermore, net cash earnings recognize the reduction in cash taxes resulting from incremental deduction available for tax purposes only on the underlying assets of the acquisitions which, under GAAP, does not result in a decrease in tax expense unless an operation is disposed of or written down. Net cash earnings provide the reader with an alternate method to consistently compare cash operating results from one period to another. Net cash earnings are discussed in this management's discussion and analysis.

Logos and Trademarks

The logos of MDA and its related companies are trademarks of such companies, which may be registered in Canada and other countries. Other product or service names or logos referenced in this website are trademarks or registered trademarks of MDA or its related companies. All other products, services and company names mentioned in this website may be trademarks of other owners.

The display of logos or product or service names on this website does not imply in any way that a license of any kind has been granted to anyone with respect to such trademarks or registered trademarks. Users of this website may not use any logos or product or service names displayed on this website without the written permission of MDA or the relevant owner of the trademark or registered trademark.

Hotlinks and Downloadable Software

Hotlinks available off this website will allow you to link to websites not maintained or controlled by MDA, including websites of MDA's divisions, subsidiaries and related companies. It is your responsibility to ensure that any website you choose to use is free of potentially destructive items such as viruses. Hotlinks to downloadable software websites are also provided for your convenience only and MDA is not responsible or liable for any difficulties associated with downloading such software.

MDA provides links to you only as a convenience and the inclusion of any link does not imply endorsement, investigation or verification by MDA of the linked site. Your use of the linked sites may be subject to terms and conditions contained in these websites, which you should locate and review.

Information Accuracy

MDA uses reasonable commercial efforts to ensure that the information contained on this website is accurate but does not in any way guarantee the currency, accuracy, completeness, non-infringement or authenticity of such information. All information contained on this website, including all stock price information, is provided for information purposes only, and is not intended for trading or other purposes. MDA and its CONTENT providers assume no responsibility with respect to the sequence, accuracy, or completeness of any such information and are not liable or responsible in any way for any delays, inaccuracies, or errors in any such information or in the transmission of any such information. IN NO EVENT WILL MDA OR ITS CONTENT PROVIDERS BE LIABLE FOR ANY DAMAGES WHATSOEVER, INCLUDING SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS WEBSITE OR THE CONTENT AVAILABLE OR REFERRED TO ON THIS WEBSITE, OR ANY OTHER WEBSITE YOU MAY ACCESS THROUGH THIS WEBSITE. The information contained on this website is not to be relied upon for any trading, business or financial purpose. This website and the information contained herein does not constitute an offer or a solicitation of an offer for the purchase or sale of any securities.

Indemnity

As a user of this website, you agree to defend, indemnify and hold MDA and its related companies harmless from any and all liabilities, costs and expenses, including attorneys' fees, related to your violation of the terms and conditions of this legal notice.

Jurisdiction

This website originates in Canada. It shall be governed by and construed in accordance with the laws of the province of British Columbia. All disputes, proceedings or claims arising out of or in connection with this website shall be submitted and be subject to the exclusive jurisdiction of the Courts of the province of British Columbia.

Products and services described in this website are offered in MDA's and its related companies' respective operating territories. Some products and services referred to in this website may not be available in all parts of such territory.

Changes

The information contained in this website is subject to change and update at any time without prior notice.

Miscellaneous

The terms and conditions of this legal notice constitute the entire agreement between MDA and the users of this website with respect to their use of this website. MDA's failure to insist upon or enforce strict performance of any provision of that agreement shall not be construed as a waiver of any right on its part. If any part of this legal notice is determined to be void, invalid or otherwise unenforceable by a court of competent jurisdiction, such determination shall not affect the remaining provisions hereof.