Amendments to NI 45-102 Resale of Securities

AMENDMENTS TO 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) by adding "1." before "Except in Manitoba", and

(b) by adding before "Transitional and Other Provisions" the following:

2. In Ontario, Québec, New Brunswick and Nova Scotia, the exemption from the prospectus requirement in section 5 [Crowdfunding prospectus exemption] of Multilateral Instrument 45-108 Crowdfunding. .

3. This Instrument comes into force on January 25, 2016.