Osc And Subordination Agreement

The purpose of this email is to remind registrants of the obligations related to the performance and notification of subsegration agreements referred to in Section 12 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103). Recently, we found that companies do not properly execute and report subordinate agreements for the purposes of Form 31-103F1 For the Calculation of Excess Working Capital (Form 31-103F1). This email describes these obligations. This PPP, which was added in 2012 as part of the Protection Enhancement Whistleblower Act, requires authorities to inform employees subject to confidentiality agreements that the agreement does not replace employees` whistleblower rights, such as.B notification of misconduct to OSC or Congress. 6. If the companies have subordinated long-term loans with entities and related persons to exclude debts from related entities and persons on line 5 of Form 31-103F1 in the calculation of excess working capital, the companies must execute a subsequelity agreement as prescribed in Annex B to NI 31-103 and submit a copy of the agreement to the Ontario Securities Commission (OSC). or ourselves). . . .