Order: In the Matter of Adrian Samuel Leemhuis et al.

Order




IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c.S.5, AS AMENDED

- and -

IN THE MATTER OF ADRIAN SAMUEL LEEMHUIS, FUTURE
GROWTH GROUP INC., FUTURE GROWTH FUND LIMITED, FUTURE GROWTH
GLOBAL FUND LIMITED, FUTURE GROWTH MARKET NEUTRAL FUND
LIMITED, FUTURE GROWTH WORLD FUND, and ASL DIRECT INC.


ORDER
(s. 127(8))



      WHEREAS on April 22, 2008, the Ontario Securities Commission (the “Commission”) issued a Temporary Order pursuant to section 127(5) of the Securities Act R.S.O. 1990, c. S.5, as amended (the “Act”) that all trading in securities of and all trading of securities by Future Growth Group Inc., Future Growth Fund Limited, Future Growth Global Fund Limited, Future Growth Market Neutral Fund Limited, and Future Growth World Fund (“The Funds”) shall cease, that all trading of securities by Adrian Leemhuis shall cease and that any exemptions contained in Ontario securities law do not apply to the Respondents;

      AND WHEREAS on April 22, 2008, the Commission ordered that the Temporary Order dated April 22, 2008 shall expire on the 15th day after its making unless extended by order of the Commission;

      AND WHEREAS on May 1, 2008, the Commission issued a Temporary Order pursuant to section 127(5) of the Act that all trading in securities by ASL Direct Inc. shall cease and that any exemptions contained in Ontario securities law do not apply to ASL;

      AND WHEREAS on May 1, 2008, the Commission ordered that the Temporary Order dated May 1, 2008 shall expire on the 15th day after its making unless extended by the Commission;

      AND WHEREAS on May 2, 2008, the Commission issued an Amended Notice of Hearing to consider the extension of the Temporary Order dated April 22, 2008, and the Temporary Order dated May 1, 2008 to be held on May 6, 2008 at 2:30 p.m.;

      AND WHEREAS on May 6, 2008 the Commission held a hearing and counsel for Staff and counsel for the Respondents attended before the Commission and confirmed there was no objection to adjourning until May 16, 2008, and the Commission ordered that pursuant to section 127(8) the Temporary Order dated April 22, 2008 be extended to May 16, 2008, the Temporary Order dated May 1, 2008 be extended to May 16, 2008 and the hearing to consider the extension of these orders be adjourned to May 16, 2008;

      AND WHEREAS the Commission held a hearing on May 16, 2008 and counsel for Staff and counsel for the Respondents attended before the Commission and at that time the Commission made an order continuing the Temporary Orders dated April 22, 2008 and May 1, 2008, until May 26, 2008;

      AND WHEREAS the Commission held a hearing on May 26, 2008 and counsel for Staff and counsel for the Respondents attended before the Commission and the Commission made an order continuing the Temporary Order made May 16, 2008 until June 17, 2008;

      AND WHEREAS on June 16, 2008 the Commission made an Order that: continued the Temporary Order made May 16, 2008 until July 10, 2008; adjourned the hearing of the matter until July 9, 2008; and, varied the Temporary Order made April 22, 2008 to permit trading of the securities held by The Funds by Marvin & Palmer;

      AND WHEREAS the Commission held a hearing on July 9, 2008 and counsel for Staff and counsel for the Respondents attended before the Commission and the Commission made an order continuing the Temporary Orders made on April 22, 2008 and May 1, 2008, until October 27, 2008;

      AND WHEREAS the Commission held a hearing in writing on October 27, 2008 and upon being advised that counsel for Staff consented and counsel for the Respondents did not oppose the making of the order, the Commission made an order continuing the Temporary Orders made on April 22, 2008 and May 1, 2008, until December 1, 2008;

      AND WHEREAS the Commission held a hearing on December 1, 2008 and counsel for Staff and counsel for the Funds and Adrian Leemhuis attended,

      AND WHEREAS Staff of the Commission sought to adjourn the hearing of this matter and to continue the Temporary Orders made on April 22, 2008 and May 1, 2008 until March 3, 2009;

      AND WHEREAS, pursuant to an Order of the Honourable Mr. Justice Morawetz of the Ontario Superior Court of Justice (Commercial Court) dated November 4, 2008, KPMG Inc. was appointed as Receiver and Manager over the property and affairs of ASL;

      AND WHEREAS the Commission is advised that KPMG Inc., in its capacity as Receiver and Manager of ASL, consents to the making of this order with respect to ASL and counsel for the remaining Respondents does not oppose the making of this Temporary Order;

      AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order:

      IT IS HEREBY ORDERED that the Temporary Order dated April 22, 2008, as amended, extended on May 6, 2008, on May 26, 2008, June 16, 2008, July 9, 2008 and October 27, 2008 is further extended to March 3, 2009;

      AND IT IS FURTHER ORDERED that the Temporary Order dated May 1, 2008, extended on May 6, 2008, on May 26, 2008, June 16, 2008 and October 27, 2008, is further extended to March 3, 2009; and

      AND IT IS FURTHER ORDERED that the hearing to consider the extension of the Temporary Order dated April 22, 2008 and the Temporary Order dated May 1, 2008 is adjourned to March 3, 2009 at 3:30 p.m.

      DATED at Toronto this 1st day of December 2008.


" Suresh Thakrar "
Suresh Thakrar
" Margot C. Howard "
Margot C. Howard