Securities Law & Instruments

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AMENDING INSTRUMENT FOR NATIONAL INSTRUMENT 45-102
RESALE OF SECURITIES

1. National Instrument 45-102 Resale of Securities is amended by this Instrument.

2. APPENDIX D is amended

(a) in the list preceding section "1. General", by replacing

• section 2.5 [Family, friends and business associates] (except in Ontario);

• section 2.7 [Founder, control person and family] (Ontario);

with

• section 2.5 [Family, friends and business associates];, and

(b) in section "3. Ontario Provisions" by

(i) replacing the definition of "2009 OSC Rule 45-501" with the following:

"2009 OSC Rule 45-501" means the Ontario Securities Commission Rule 45-501 Ontario Prospectus and Registration Exemption that came into force on the later of (a) September 28, 2009 and (b) the day on which sections 5 and 11, subsection 12(1) and section 13 of Schedule 26 of the Budget Measures Act, 2009 were proclaimed into force;,

(ii) adding the following definitions:

"2005 NI 45-106" means the National Instrument 45-106 Prospectus and Registration Exemptions that came into effect on September 14, 2005;

"2009 NI 45-106" means the National Instrument 45-106 Prospectus and Registration Exemptions that came into effect on September 28, 2009;, and

(iii) adding the following paragraph:

(a.1) -- 2005 NI 45-106 and 2009 NI 45-106

Section 2.7 of the 2005 NI 45-106 and the 2009 NI 45-106..

3. This Instrument comes into force on May 5, 2015.