Standard Expenditure Per Dwelling Unit (2011/2012) Regulations

N.S. Reg. 166/2011

Nova Scotia — Gazette

© NS Registry of Regulations. Web version. 387

Part II Regulations under the Regulations Act Printed by the Queen’s Printer Halifax, Nova Scotia Vol. 35, No. 9 May 6, 2011 Contents Act Reg. No.

Page Crop and Livestock Insurance Act C r o p I n s u r a n c e P l a n f o r W i n t e r G r a i n – a m e n d m e n t...............................171/2011 430 D a i r y L i v e s t o c k I n s u r a n c e P l a n – a m e n d m e n t.................................... 172/2011 431 T h e N o v a S c o t i a C r o p I n s u r a n c e P l a n f o r T r e e F r u i t – a m e n d m e n t ...................170/2011 428 Dairy Industry Act B u l k H a u l a g e R e g u l a t i o n s – a m e n d m e n t ........................................ 167/2011 390 Motor Vehicle Act Proclamation of amendments to Act, S. 3, S.N.S. 2010, c. 63 ....................... 174/2011 434 Municipal Grants Act Standard Expenditure Per Dwelling Unit (2011/2012) Regulations .................. 166/2011 389 Pension Benefits Act P e n s i o n B e n e f i t s R e g u l a t i o n s – a m e n d m e n t ..................................... 175/2011 435 – a m e n d m e n t ........................................................... 176/2011 436 Petroleum Products Pricing Act Prescribed Petroleum Products Prices ......................................... 169/2011 425 Prescribed Petroleum Products Prices ......................................... 173/2011 432 Securities Act Community Economic-Development Corporations Regulations ..................... 168/2011 391

388 © NS Registry of Regulations. Web version. Table of Contents (cont.) Royal Gazette

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Summary Proceedings Act S u m m a r y O f f e n c e T i c k e t s R e g u l a t i o n s – a m e n d m e n t ..............................177/2011 437 In force date of regulations: As of March 4, 2005*, the date a regulation comes into force is determined by subsection 3(6) of the Regulations Act. The date a regulation is made, the date a regulation is approved, the date a regulation is filed and any date specified in a regulation are important to determine when the regulation is in force. *Date that subsections 3(6) and (7) and Sections 11 and 13 of the Regulations Act and amendments to the Regulations Act made by

Chapter 46 of the Acts of 2004 were proclaimed in force.

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Part II - Regulations Vol. 35, No. 9 © NS Registry of Regulations. Web version. 389 N.S. Reg. 166/2011 Made: April 6, 2011 Filed: April 14, 2011 Standard Expenditure Per Dwelling Unit (2011/2012) Regulations Order dated April 6, 2011 made by the Minister of Service Nova Scotia and Municipal Relations pursuant to

Section 11 of the Municipal Grants Act In the Matter of

Section 11 of

Chapter 302 of the Revised Statutes of Nova Scotia, 1989, the Municipal Grants Act -and- In the Matter of the Regulations respecting the Standard Expenditure Per Dwelling Unit (2011/2012) Regulations I, John MacDonell, Minister of Service Nova Scotia and Municipal Relations, pursuant to

Section 11 of

Chapter 302 of the Revised Statutes of Nova Scotia, 1989, the Municipal Grants Act, hereby prescribe the standard expenditure per dwelling unit for the purpose of

Section 11 of the Act, in the form set forth in the attached

Schedule “A”, effective for the 2011-2012 fiscal year. Made at Halifax, Nova Scotia, on April 6, 2011. Sgd.: John MacDonell Honourable John MacDonell Minister of Service Nova Scotia and Municipal Relations

Schedule “A” Regulations Respecting the Standard Expenditure per Dwelling Unit for 2011–2012 Made by the Minister of Service Nova Scotia and Municipal Relations pursuant to

Section 11 of

Chapter 302 of the Revised Statutes of Nova Scotia, 1989, the Municipal Grant[s] Act Citation 1 These regulations may be cited as the Standard Expenditure per Dwelling Unit (2011–2012) Regulations. Standard expenditure per dwelling unit 2 The standard expenditure per dwelling unit for calculating the equalization grant for a municipality under

Section 11 of the Municipal Grants Act for the 2011–2012 fiscal year is as set out in the following table: Class of Municipality Standard Expenditure Per Dwelling Unit I $1411 II $558

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Part II - Regulations Vol. 35, No. 9 390 © NS Registry of Regulations. Web version. N.S. Reg. 167/2011 Made: March 31, 2011 Approved: April 12, 2011 Filed: April 15, 2011 Bulk Haulage Regulations Order dated April 12, 2011 made by the Dairy Farmers of Nova Scotia and approved by the Natural Products Marketing Council pursuant to clause 15(1)(

b) of the Dairy Industry Act Dairy Farmers of Nova Scotia The Dairy Farmers of Nova Scotia, pursuant to clause 15(1)(

b) of

Chapter 24 of the Acts of 2000, the Dairy Industry Act, at a meeting held on March 31, 2011, amended the Bulk Haulage Regulations[, N.S. Reg. 23/2003,] in the manner set out attached to this certificate as

Schedule “A”, effective on and after May 1, 2011. Dated and signed at Truro, Nova Scotia, April 14, 2011. Sgd.: Brian Cameron Brian Cameron General Manager Dairy Farmers of Nova Scotia ------------------------------------------------------------------------------------------------------ Approved by the Natural Products Marketing Council on April 12, 2011, and signed at Truro, Nova Scotia. Sgd.: E. A. Crouse Elizabeth A. Crouse, P. Ag. General Manager Natural Products Marketing Council

Schedule “A” Amendments to the Bulk Haulage Regulations made by the Dairy Farmers of Nova Scotia pursuant to clause 15(1)(

b) of

Chapter 24 of the Acts of 2000, the Dairy Industry Act Clause 7(

a) of the Bulk Haulage Regulations[, N.S. Reg. 23/2003,] made by the Dairy Farmers of Nova Scotia and approved by the Natural Products Marketing Council on August 13, 2002, is amended by (

a) striking out “$2.360” directly opposite “Farme rs Co-Operative Dairy Limited” and substituting “$2.410”; (

b) striking out “$3.340” directly opposite “Scotsbur n Co-Operative Services Limited” and substituting “$3.410”; (

c) striking out “$1.690” directly opposite “Fishe r Transport Limited” and substituting “$1.720”;

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d) striking out “$2.570” directly opposite “Winte rthur Farm - Rudolph Burghardt” and substituting “$2.620”; (

e) striking out “$1.790” directly opposite “Cook’ s Dairy Farm Limited” and substituting $1.830”. N.S. Reg. 168/2011 Made: April 12, 2011 Filed: April 18, 2011 Community Economic-Development Corporations Regulations Order in Council 2011-139 dated April 12, 2011 Repeal of regulations and regulations made by the Governor in Council pursuant to Sections 150 and 150B of the Securities Act The Governor in Council on the report and recommendation of the Minister of Finance dated March 20, 2011, and pursuant to Sections 150 and 150B of

Chapter 418 of the Revised Statutes of Nova Scotia, 1989, the Securities Act, is pleased, effective on and after April 12, 2011, to (

a) repeal the Community Economic-Development Corporations Regulations, N.S. Reg. 79/98, made by the Governor in Council by Order in Council 1998-517 dated October 15, 1998; and (

b) make new regulations respecting community ec onomic-development corporations in the form set forth in

Schedule “A” attached to and forming part of the report and recommendation.

Schedule “A” Regulations Respecting Community Economic-Development Corporations made by the Governor in Council pursuant to Sections 150 and 150B of

Chapter 418 of the Revised Statutes of Nova Scotia, 1989, the Securities Act Citation 1 These regulations may be cited as the Community Economic-Development Corporations Regulations.

Interpretation 2( 1 ) In these regulations, “Act” means the Securities Act; “affiliated” has the same meaning as in the Equity Tax Credit Act; “association” has the same meaning as in the Co-operative Associations Act; “CEDC” means a community economic-development corporation; “Commission” means the Nova Scotia Securities Commission;

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Part II - Regulations Vol. 35, No. 9 392 © NS Registry of Regulations. Web version. “community economic-development corporation” means a corporation or association that meets the criteria prescribed by the Equity Tax Credit Regulations and is registered as a community economic-development corporation by the Minister of Finance under

Section 11 of the Equity Tax Credit Act; “community economic-development plan” means a community economic-development plan proposed by a CEDC that contains the information prescribed by the Equity Tax Credit Regulations; “corporation” means a corporation that is incorporated under the laws of the Province, another province of Canada or Canada and that has its head office located in the Province; “Director” has the same meaning as in the Act; “eligible business entity” has the same meaning as in the Equity Tax Credit Regulations; “Equity Tax Credit Regulations” means the Equity Tax Credit Regulations made under the Equity Tax Credit Act; “offering” means an offering of shares by a CEDC under these regulations; “offering document” means an offering document prepared in the form prescribed in Form 1; “promotional material” means information relating to an offering and includes advertising and sales literature; “Securities Rules” means the rules of the Commission made under the Act; “security holder” means a person or company who owns shares of a CEDC; and “specified issue” has the same meaning as in the Equity Tax Credit Act.

(2) Words not defined in these regulations have the meaning ascribed to them in the Act and the Securities Rules. Scope of regulations 3( 1 ) These regulations apply to a CEDC that engages in a distribution or a trade in a share of its own issue that is or is part of a specified issue in respect of which a tax-credit certificate has been issued.

(2) Section 58 of the Act does not apply to a distribution by a CEDC of shares of the CEDC made in accordance with these regulations.

(3) These regulations do not apply to a promoter of a CEDC who is not a promoter of the CEDC at the time its offering document is filed with the Director.

(4) Distributions in shares of a CEDC may be made only by registrants registered under the Act that are authorized to trade in the shares or by the individuals listed in the offering document.

(5) Each first trade and each subsequent trade of shares of a CEDC purchased under an offering is specified to be a distribution, unless (

a) the conditions in subsection 2.5( 2) of National Instrument 45-102, Resale of Securities are satisfied; or

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b) the trade is made (

i) to the CEDC in accordance with

section 2.15 of National Instrument 45-106, Prospectus and Registration Exemptions, (ii) to a self-directed registered retirement savi ngs plan of the security holder or the security holder’s spouse, (iii) to the spouse of the security holder, (iv) to a tax-free savings account of the security holder or the security holder’s spouse, (

v) from a self-directed registered retirement savings plan of the security holder or the security holder’s spouse to the security holder, (vi) from a tax-free savings account of the secu rity holder to the security holder or the security holder’s spouse, (vii) to a purchaser who owns shares of the CE DC and who is advised in writing by or on behalf of the vendor before entering into an agreement of purchase and sale that the purchaser will not accrue any advantage under the Equity Tax Credit Act as a result of the purchase, or (viii) to a purchaser who purchases by way of a tr ade made in compliance with the Act and any applicable Securities Rules.

Restrictions 4( 1 ) Concurrent with the distribution of shares through a specified issue, a CEDC may distribute shares under other prospectus exemptions, but only if full details of the concurrent distribution of shares or proposed distribution of shares are disclosed in the offering document.

(2) Subject to

Section 8, a person or company must not distribute a security to which these regulations apply unless an offering document has been filed and a letter of non-objection has been issued by the Director.

(3) An offering document is deemed to be an offering memorandum as defined in the Act. Certificate of registration 5 A CEDC must file its certificate of registration as a CEDC issued under

Section 11 of the Equity Tax Credit Act with the Director immediately upon receipt. Letter of non-objection 6( 1 ) The Director must issue a letter of non-objection to an offering document unless, in the opinion of the Director, any of the following apply: (

a) it is not in the public interest to do so; (

b) the offering document does not meet all of the requirements of these regulations; (

c) the offering is not or will not be ma de in compliance with these regulations.

(2) On receipt of an offering document, the Director may do any of the following:

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a) inquire into any aspect of the offering and the offering document; (

b) request delivery of supplemental information be fore or after determining whether to issue a letter of non-objection; (

c) require the inclusion of supplemental inform ation in the offering document before or after issuing a letter of non-objection.

(3) Before the Director issues a letter of non-objection to an offering document, there must be no trading or activity directly or indirectly in furtherance of trading in the shares of the CEDC, except as provided in subsection 8(1) respecting a promoter’s activity. Revocation of letter of non-objection 7( 1 ) If, after issuing a letter of non-objection, it appears to the Director that the continuation of the offering would not be in the public interest or that any requirement of these regulations has not been or is not being complied with, the Director may revoke the letter of non-objection.

(2) On receipt of notice of a revocation referred to in subsection (1), the CEDC and any other person or company trading on its behalf must immediately cease trading shares of the CEDC until the CEDC is notified by the Director that (

a) the Director has withdrawn the notice of revocation; or (

b) the Commission has by order determined that it would not be prejudicial to the public interest for the offering to continue. Promoter’s activity before issuance of letter of non-objection 8( 1 ) Before the Director issues a letter of non-objection to an offering document, a promoter may (

a) talk individually or in group situations with potential security holders to give them a general overview of the offering, including all of the following information: (

i) identification of the CEDC, (ii) an indication of the amount of money needed to be raised, (iii) a general description of what use will be made of the money raised, (iv) an outline of the tax incentives; and (

b) gather the names of potential security holders who might be interested in the offering.

(2) A promoter must not use or distribute promotional material or expression of interest forms without the prior written non-objection of the Director.

(3) A promoter must not accept any binding commitments or binding expressions of interest, whether oral or written, or consideration in any form from potential security holders before the Director issues a letter of non-objection to the offering document.

(4) An expression of interest form must contain all of the following warnings to potential security holders:

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a) that they should read and consider the offeri ng document they will receive with respect to the offering, if the offering does in fact proceed; (

b) that they should consult with a professional advisor before deciding to purchase shares under the offering; (

c) that the expression of interest is not in any way a binding commitment to purchase shares under the offering. Officers and directors 9( 1 ) The promoters, officers, directors and sales agents of a CEDC must be individuals who are suitable to act as promoters, officers, directors and sales agents and whose past conduct does not afford reasonable grounds to believe that the business of the CEDC will not be conducted with integrity and in the best interests of the CEDC.

(2) At least 2 directors of the CEDC must be independent. Minimum offering amount 10

(1) An offering document must state the minimum offering amount necessary to close the offering.

(2) A CEDC must also provide detailed reasons in its offering document explaining why the amount specified as the minimum offering amount is a reasonable amount when considered in the context of its community economic-development plan.

(3) An initial offering of a CEDC must obtain at least 25 purchasers.

(4) A subsequent offering of a CEDC that has closed an initial offering must obtain at least 3 purchasers. Amounts subscribed held in trust 11

(1) All amounts subscribed under an offering must be held in trust by a trustee that is dealing at arm’s length with the CEDC until after (

a) the CEDC meets its minimum offering amount and certifies to the trustee that all conditions of closing have been met; and (

b) the initial closing occurs.

(2) Any offering amounts received by a trustee under an offering after the initial closing must be held in trust until after (

a) the CEDC certifies to the trustee that all c onditions of the next closing have been met; and (

b) the next closing occurs.

(3) The conditions in subsection (2) apply to each subsequent closing.

(4) All amounts subscribed must be paid by cheque or bank draft made payable only to the trustee (in trust). Amount not to exceed $3 000 000 12 The amount subscribed under an offering must not exceed $3 000 000.

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Part II - Regulations Vol. 35, No. 9 396 © NS Registry of Regulations. Web version. Amounts to be used as indicated 13 All amounts raised under an offering must be used as indicated in the offering document. Potential security holders 14

(1) A CEDC must provide each potential security holder with all of the following: (

a) all promotional material, the offering document and a subscription agreement; (

b) any additional materials required by the Director.

(2) A potential security holder is entitled to provide a CEDC with written notice evidencing the intention of the potential security holder not to be bound by their completed subscription agreement no later than midnight on the 2nd day, exclusive of Saturdays and holidays, after the day the CEDC receives the completed subscription agreement.

(3) A CEDC must maintain a record of the names and addresses of all persons and companies to whom an offering document and subscription agreement have been provided. Promotional material 15

(1) Any promotional material that is used in connection with an offering is incorporated by reference into the offering document.

(2) Any promotional material must include a disclaimer as required by the Director.

(3) All promotional material must be submitted to the Director and receive the written non-objection of the Director before its use. Amendments to offering document 16

(1) Except as required in this Section, no amendments may be made to an offering document after the Director issues a letter of non-objection to the offering document.

(2) After the Director issues a letter of non-objection to an offering document, the CEDC must file an amendment to the offering document with the Director if (

a) the CEDC has not yet met its minimum offering amount, the initial closing has not yet occurred, and any of the following apply: (

i) there is a material change in the affairs of the CEDC, (ii) the terms or conditions of the offering are being altered, (iii) additional shares of the same class are to be distributed in addition to the securities previously described in the offering document; or (

b) the CEDC is still distributing its shares under the offering document after having met its minimum offering amount and having had the initial closing take place, and there is a material change in the affairs of the CEDC.

(3) A CEDC that files an amendment under clause (2)(

b) must also comply with

Part 7 of National Instrument 51-102, Continuous Disclosure Obligations.

(4) An amendment to an offering document must describe the change that resulted in the amendment and receive the written non-objection of the Director.

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(5) An amendment to an offering document must be sent to all subscribers of the specified issue after the Director has issued a non-objection to the amendment.

(6) A subscriber whose subscription for the purchase of shares has not closed has 10 days from the date of receiving an amendment to an offering document to withdraw from their agreement to purchase shares.

(7) No later than 10 days after the date that a subscriber withdraws from their agreement to purchase shares under subsection (6), the trustee must return the subscriber’s funds to the subscriber. Financial forecasts 17 Any use of financial forecasts or projections must be in accordance with

Part 4B of National Instrument 51-102, Continuous Disclosure Obligations. Time limitation on offering 18

(1) An offering initially closes on the date specified in the offering document.

(2) Unless the Director grants an extension under subsection (3), the initial closing date specified in an offering document must be a date no later than 90 days after the date of the letter of non-objection issued by the Director for the offering document.

(3) The Director may grant an extension of the 90-day period on application by the CEDC.

(4) After the initial closing date, a CEDC may continue to offer shares under the offering document, but only if the initial closing has occurred and the Director has issued a letter of non-objection for the subsequent sales. Report after closing 19 No later than 30 days after the date of each closing of an offering, the CEDC must file a report with the Director in the form prescribed by the Commission showing the names, addresses and telephone numbers of the security holders and the number and purchase price of the shares each has purchased, and certifying compliance with these regulations. Corporation or association with restrictive constitution 20

(1) If the proceeds of an offering are to be used by a CEDC with a constitution that restricts it to making specified investments in eligible local business entities in accordance with its community economic-development plan, the CEDC must (

a) outline its investment strategy, objectives a nd restrictions in the offering document; and (

b) meet the requirements of subsection (2) if it proposes to (

i) invest more than 40% of the total proceeds of the current offering or more than 40% of the total proceeds of the current offering combined with all previous offerings in an eligible investment that was not disclosed in the offering document, and the eligible investment is in an eligible business entity or in eligible business entities that are affiliated, or (ii) use the proceeds from the offering for an e ligible investment that was not disclosed in the offering document, and the proposed use of the proceeds is an additional investment to an investment that meets the conditions of subclause (i).

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(2) Before entering into binding arrangements for an investment described in subclause (1)(b)(

i) or (ii), a CEDC to which subsection (1) applies must (

a) provide security holders with an information ci rcular that describes the investment to be made with the proceeds in sufficient detail to permit security holders to form a reasoned judgment concerning the investment; and (

b) have the approval of at least 50% plus 1 vote of the votes cast by security holders who vote at a meeting of security holders called to consider the making of the eligible investment, excluding the shares voted by officers, directors and promoters and parties related to the officers, directors and promoters. Changes to investment strategy, objectives or restrictions 21 Changes to a CEDC’s investment strategy, objectives or restrictions as referred to in clause 20(1)(

a) must be approved by at least 50% plus 1 vote of the votes cast by security holders who vote at a meeting of security holders called to consider an amendment to the strategy, objectives or restrictions, excluding the shares voted by officers, directors and promoters and parties related to the officers, directors and promoters. Special relationship with the CEDC 22

(1) Except as provided in subsections (2), (3) and (4), if a CEDC that is not a reporting issuer has met its minimum offering amount and has certified to the trustee that all conditions of closing have been met, and if the initial closing has occurred, the CEDC and every person or company who would be an insider of the CEDC if the CEDC were a reporting issuer, and every person or company who would be in a special relationship with the CEDC within the meaning of subsection 82(5) of the Act if the CEDC were a reporting issuer, is subject to Sections 81 and 82 of the Act and the related provisions of the Securities Rules to the same extent as if the CEDC were a reporting issuer and the person or company were an insider of the CEDC or in a special relationship with the CEDC.

(2) A CEDC’s annual financial statements need not be accompanied by a report of an auditor if all of the following apply: (

a) the security holders are not requi red by law to appoint an auditor; (

b) a general review has been carried out by an independent accountant in compliance with the general review standards as set out in the Canadian Institute of Chartered Accountants Handbook; (

c) the financial statements are accompanied by a review engagement report as set out in the Canadian Institute of Chartered Accountants Handbook.

(3) For the purposes of these regulations, effective for all fiscal years beginning on and after January 1, 2011, the financial statements for a CEDC may be prepared in accordance with Canadian Generally Accepted Accounting Principles using International Financial Reporting Standards for Publicly Accountable Enterprises or Canadian Generally Accepted Accounting Principles for Private Enterprises as set out in the Canadian Institute of Chartered Accountants Handbook.

(4) If a CEDC files financial statements prepared in accordance with Canadian Generally Accepted Accounting Principles using International Financial Reporting Standards for Publicly Accountable Enterprises, it must continue to file financial statements prepared in accordance with Canadian Generally Accepted Accounting Principles using International Financial Reporting Standards for Publicly Accountable Enterprises.

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Section 22 23 A CEDC is no longer required to comply with

Section 22 if (

a) the CEDC files with the Director a notifica tion from the Minister of Finance that the CEDC has surrendered its registration; or (

b) the CEDC files with the Director a statem ent from the officers of the CEDC certifying all of the following: (

i) that the CEDC has fewer than 5 shareholders, (ii) that the hold period required by the Equ ity Tax Credit Act has expired on all shares, (iii) that financial statements on which a general review has been carried out by an independent accountant in compliance with the general review standards as set out in the Canadian Institute of Chartered Accountants Handbook and that are dated within 90 days of the filing have been filed with the Director, (iv) that no shares are held in self-directed re gistered retirement savings plans or tax-free savings accounts, (

v) that the CEDC has complied with all the requirements of these regulations, (vi) that a certified vote has been obtained indicating that 66.6% or more of shares eligible to be voted have been voted in favour of not being required to comply with

Section 22. Bona fide attempt to comply 24 If a trade is made by a CEDC in the bona fide and reasonable belief that there has been full compliance with these regulations, the failure of 1 or more security holders to purchase as principal, to receive an offering document or amendments to an offering document in a timely manner, or to receive any other materials required by the Director does not affect the application of the remaining provisions of these regulations, but only if (

a) the CEDC exercised due diligence to ensu re that the failure would not occur; and (

b) the CEDC delivers the offering document or amendments to the offering document or other material required by the Director to the security holders on request. Report of a trade 25 No later than 30 days after the date a trade is made under these regulations, other than a distribution made by a CEDC, the vendor must file a Form 2: Report of a Trade with the Director. General power to exempt 26 The Director may grant an exemption from any provision in these regulations subject to any conditions or restrictions that the Director imposes in the exemption.

Form 1: Offering Document (under the Community Economic-Development Corporations Regulations) (This document is to be used only by Community Economic-Development Corporations, as defined in this document.) (Instructions for preparing the offering document are italicized and in brackets. Please omit the bracketed instructions when preparing the offering document.)

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Part II - Regulations Vol. 35, No. 9 400 © NS Registry of Regulations. Web version. Subscribers may cancel their purchase of Shares by notifying the Issuer in writing no later than midnight on the 2nd day, exclusive of Saturdays, Sundays and holidays, after the day the Issuer receives the completed subscription agreement.

Glossary In this offering document: 1. “Act” means the Securities Act; 2. “Association” means an association as defined in the Co-operative Associations Act; 3. “CEDC” means a Community Economic-Development Corporation; 4. “CEDC Regulations” means the Community Economic-Development Corporation Regulations made under the Act; 5. “Community Economic-Development Corporation” mean s a Corporation or Association that meets the criteria prescribed by the regulations made under the Equity Tax Credit Act and is registered as a Community Economic-Development Corporation by the Minister of Finance under

Section 11 of the Equity Tax Credit Act; 6. “Community Economic-Development Plan” means the community economic-development plan proposed by the Issuer that contains the information prescribed by the regulations made under the Equity Tax Credit Act; 7. “Corporation” means a corporation that is incorpor ated under the laws of the Province of Nova Scotia, another province of Canada or Canada and that has its head office located in the Province of Nova Scotia; 8. “Finders” means persons who, for compensation or without compensation, act as intermediaries in making introductions in furtherance of this Offering; 9. “Issuer” means ( insert legal name of the CEDC), the CEDC that is making this Offering; 10. “Investee Corporation” means a corporation in which the Issuer proposes to invest or has invested 20% or more of the net proceeds of this Offering or net proceeds of previous offerings and of which all or substantially all of the fair market value of the property is attributable to property used in an active business; 11. “Offering” means this offering of Shares of the Issuer; 12. “Promoter” has the same meaning as in the Act, ex cept that in accordance with subsection 3(3) of the CEDC Regulations no individual is considered as a promoter of the Issuer unless that individual is a promoter at the time this offering document is filed with the Director of Securities; 13. “Securities Rules” means the rules of the Nova Scotia Securities Commission made under the Act; 14. “Security holder” means a person or company who owns shares of the Issuer; 15. “Selling Agent” means a person listed in item 11(

a) of this offering document;

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Part II - Regulations Vol. 35, No. 9 © NS Registry of Regulations. Web version. 401 16. “Shares” means (name the shares being offered for sale by the Issuer as set forth in the constitutional documents of the Issuer) of the Issuer that qualify as a specified issue as defined in subclause 2(k)(iii) of the Equity Tax Credit Act.

Table Of Contents C a u t i o n s ........................................................................... (page #) T h e O f f e r i n g........................................................................ (page #) R i s k F a c t o r s ........................................................................ (page #) P l a n o f D i s t r i b u t i o n .................................................................. (page #) T h e I s s u e r.......................................................................... (page #) Business and Properties of an Issuer that is a Corporation .................................... (page #) Specified Investments in Eligible Local Business Entities by an Issuer that is a Corporation ......... (page #) Business and Properties of an Issuer that is an Association .................................... (page #) C a p i t a l S t r u c t u r e .................................................................... (page #) Use of Proceeds ..................................................................... (page #) Financial Forecasts or Projections ....................................................... (page #) D i v i d e n d s , D i s t r i b u t i o n s a n d R e d e m p t i o n s ................................................ (page #) P r o m o t e r o f t h e I s s u e r ................................................................ (page #) O f f i c e r s o f t h e I s s u e r ................................................................. (page #) D i r e c t o r s o f t h e I s s u e r ................................................................ (page #) Key Personnel of the Issuer ............................................................ (page #) P r i n c i p a l S e c u r i t y H o l d e r s ............................................................. (page #) M a n a g e m e n t R e l a t i o n s h i p s , T r a n s a c t i o n s a n d R e m u n e r a t i o n ..................................(page #) Litigation .......................................................................... ( page #) Canadian Income Tax Considerations .................................................... ( page #) M a t e r i a l C o n t r a c t s ................................................................... (page #) F i n a n c i a l S t a t e m e n t s ................................................................. (page #) Continuous Reporting Obligations ....................................................... ( page #) Restrictions on Resale of Securities ...................................................... ( page #) Rights of Action ..................................................................... ( page #) C e r t i f i c a t e.......................................................................... (page #) Cautions The Nova Scotia Securities Commission has not assessed: • the reasonableness or merit of the Issuer or the Offering; • whether the Issuer has sufficient financing and ma nagerial expertise to accomplish its stated objectives;

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Part II - Regulations Vol. 35, No. 9 402 © NS Registry of Regulations. Web version. • whether management of the Issuer has the reput ation and commitment to conduct the Issuer’s business with integrity and in the best interest of the Security holders; • whether the Promoters and management of the Issuer are receiving unconscionable benefits at the expense of the Security holders; or • whether any financial forecast or projection contai ned in this offering document has a reasonable basis.

Investment in small business involves a high degree of risk, and investors should not invest any funds in this Offering unless they can afford to lose a substantial portion of their investment. Potential investors should read all of this offering document, particularly the risk factors on page (insert appropriate page number). Potential investors should review the information concerning the background of the Issuer’s officers, directors and other key personnel and consider whether or not these persons have adequate background and experience to develop and operate the Issuer and to make it successful.

In this respect, the experience and ability to manage are often considered among the most significant factors in the success of a business. After reviewing the “Use of Proceeds” on page (insert appropriate page number) potential investors should consider whether the amounts available for future development of the Issuer’s business and operations will be adequate. A Security holder may have rights of rescission or an action for damages in circumstances that are described in this offering document beginning on page (insert appropriate page number). There is no organized market through which the Shares may be sold.

It may be difficult or even impossible for the investor to sell them. Potential investors should also consult their professional advisors before investing. This offering document, together with the documents incorporated in it by reference and forming part of it, and the attachments to it, contain all of the representations by the Issuer concerning this Offering, and a person must not make different or broader statements than those contained in it. Investors are cautioned not to rely on any information not expressly set forth in or attached to this offering document.

All promotional material is incorporated by reference into this offering document in accordance with

Section 15 of the CEDC Regulations. This offering document, together with financial statements and other attachments, consists of a total of ______ pages. The Offering 1. (

a) The Shares being offered are: (Describe the Shares being offered including the price of the Shares and the material attributes of the Shares.) _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ (

b) The minimum number of shares to be purchased by each subscriber under this Offering is: _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________

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c) The Issuer is / is not concurrently distributi ng or contemplating another distribution of securities within the next 12 months. (If so, please provide full details.) _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ 2. The offering price was established by (indicate 1 of the following and delete the others) • [by] negotiation with the investor • arbitrarily by the Issuer • otherwise (explain) 3.

Maximum number of Shares offered: ____________________________ 4. Total proceeds if maximum sold: ___________________________________ 5. Minimum number of Shares offered: ___________________________________ 6. Total proceeds if minimum sold: ___________________________________ 7.

Reasons for the selection of the minimum number of Shares offered: ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ (Issuers are required to explain why the total proceeds raised if the minimum number of securities offered is sold is a reasonable amount, taking into consideration the business of the Issuer as described in either item 21 or 22 or item 23 or 24 and the use that will be made of the proceeds of the offering as described in item 27.) 8.

Minimum number of investors required: ___________________________________ (Issuers are required to indicate how the minimum number of investors required meets the concept of a “community based” project. For a first offering, an Issuer must obtain at least 25 investors; subsequent offerings require at least 3 investors.) 9. Total estimated cost s of the Offering: ___________________________________ Risk Factors 10.

The following, listed in order of importance, are th e factors that the Issuer considers to be the most substantial risks to an investor in this Offering in view of all known facts and circumstances (i.e., those factors that constitute the greatest threat that the investment will be lost in whole or in part, or not provide an adequate return). (List risk factors in order of importance, taking into consideration the factors noted below.) (a) _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ (b) _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________

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Web version. (c) _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ (d) _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ (e) _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ In addition to the above risk factors, potential investors should consider the following risk factors before they decide to purchase the Shares being offered: (

f) The Shares are speculative in natu re. An investment is appropriate only for investors who are prepared to have their money invested for a long period of time, and who have the capacity to absorb a loss of some or all of their investment. (

g) There is no organized market through which the Shares may be sold. Therefore, investors may find it difficult or even impossible to sell their Shares. (

h) There are restrictions on the resale of the Shares. See item 57 for details. (

i) The Issuer may not achieve a level of profitability to permit dividends to be paid. Investors should not count on any return from these Shares. (

j) Investors who deposit the Shares in a self-directed RRSP should not depend on selling the Shares or income from the Shares to fund their retirement. (

k) Tax laws frequently change. Plan of Distribution 11. (

a) The following people are the Selling Agents authorized to sell Shares under the Offering: Name Address Business Phone # Fax # (

b) The following people are the Finders under the Offering:

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Part II - Regulations Vol. 35, No. 9 © NS Registry of Regulations. Web version. 405 Name Address Business Phone # Fax # 12. (

a) The Issuer is / is not providing co mpensation to Selling Agents or Finders. (If so, describe the compensation, including any cash, securities, contracts or other consideration of any kind, direct or indirect.) (

b) The Issuer will / will not indemnify the Selling Agen ts or Finders against liabilities, if any, under the securities laws. (

c) A Selling Agent cannot concurrently act in that capacity in more than 2 offerings in distribution under the CEDC Regulations. 13.

Description of material relationship between any of the Selling Agents or Finders and the Issuer or its management: (If none, so indicate.) ____________________________________________________________________________________ ____________________________________________________________________________________ Note: After reviewing the amount of compensation to the Selling Agents or Finders for selling the Shares, and the nature of the relationship between the Selling Agents or Finders and the Issuer, a potential investor should carefully consider the following points when evaluating any recommendation by the Selling Agents or Finders to buy the Shares: (

a) amount of compensation received by the Selling Agents or Finders to sell the shares; (

b) the nature of the relationship between the Selling Agents or Finders and the Issuer; and (

c) unlike most securities offerings, the Sellin g Agents and Finders are not required to be registered under the Act to trade securities and therefore, when investors purchase the Shares through unregistered Selling Agents or Finders, they should be aware that: (

i) they will not have the protections affo rded by certain requirements and standards imposed on “registrants” under the Act, including proficiency standards, reporting requirements, “know your client” requirements and “suitability” requirements; and (ii) unregistered Selling Agents and Finders are ge nerally prohibited by the Act from giving investment advice to potential investors unless permitted to do so by an exemption expressly set out in the Act or granted by the Nova Scotia Securities Commission under the Act. Please refer to items 45, 51(

b) and 54 for additional information on the relationship between parties. 14. Procedure by which investors subscribe for Shares under the Offering: ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________

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Part II - Regulations Vol. 35, No. 9 406 © NS Registry of Regulations. Web version. Note: Subscribers may cancel their purchase of Shares by notifying the Issuer in writing no later than midnight on the 2nd day, exclusive of Saturdays, Sundays and holidays, after the day the Issuer receives the completed subscription agreement. 15. The subscription funds will be held in trust by (state name of the lawyer or financial institution that will hold money in trust) and will become available to the Issuer only after the conditions of closing described below have been met and the Offering has closed. 16. The following are conditions of the initial closing of this Offering: (

a) the Issuer has received the minimum offe ring amount of $___________ in cheques or bank drafts that are in the possession of the Trustee; (

b) all material contracts have been signed, and all ma terial consents of third parties have been obtained; (

c) all necessary and required certificates under the Equity Tax Credit Act and its regulations and other applicable laws have been obtained and are current, including: (

i) a non-objection letter issued by the Director of Securities that has not been subsequently revoked; and (ii) an Equity Tax Certificate that has not lap sed or been revoked by the Minister of Finance; (

d) at least ____ shareholders have subscribed (in accordance with item 8); (

e) all subscription funds are in the possession of the Trustee. 17. The minimum offering amount and all other conditions of the initial closing must be achieved on or before (insert date). (This date must be no more than 90 days after the date of issuance of a letter of non-objection for the offering document by the Director of Securities under the CEDC Regulations, unless the Director has granted an extension.) 18.

If the minimum offering amount and all other conditions of the initial closing are not achieved on or before the date specified in item 17, and no extension has been granted by the Director, the Offering will be withdrawn and all of the proceeds of subscription, without interest, will be returned to the subscribers no later than 30 days after the date that the Offering was to close. 19. The following are conditions of each s ubsequent closing of this Offering: (

a) there has been no material change in ma terial contracts referred to in item 16(b); (

b) all necessary and required certificates under the Equity Tax Credit Act and its regulations and other applicable laws have been obtained and are current, including (

i) a non-objection letter issued by the Director of Securities for the initial and any subsequent sales that has not been revoked, and (ii) an Equity Tax Certificate that has not lap sed or been revoked by the Minister of Finance; (

c) all subscription funds are in cheques or bank drafts and in the possession of the Trustee.

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Part II - Regulations Vol. 35, No. 9 © NS Registry of Regulations. Web version. 407 The Issuer 20.

Issuer’s exact name as it appear s in its incorporating document: _________________________________ ____________________________________________________________________________________ Name of CEDC: ______________________________________________________________________ Jurisdiction and date of incorporation: ____________________________________ Address of registered office: ____________________________________ Address of principal business address: ____________________________________ Issuer’s telephone number: ____________________________________ Issuer’s fax number: ____________________________________ Contact person at Issuer with respect to the Offering: ____________________________________ Telephone number and e-mail of contact person: ____________________________________ Fiscal year end: (month/day) ____________________________________ Business and Properties of an Issuer that is a Corporation (If the Issuer is a Corporation and now operates or proposes to operate an active business or to invest all or substantially all of the proceeds of the offering in shares of a corporation of which all or substantially all of the fair market value is attributable to property used in an active business (the “Investee Corporation”), please complete item 21.) (If the Issuer is a Corporation and has a constitution that restricts it to making specified investments in eligible local business entities in accordance with its Community Economic-Development Plan, please go to item 22.) Note: If the Issuer proposes to invest or has invested 20% or more of the net proceeds of the total offerings to date or of the contemplated offering in an Investee Corporation, the most recent financial statements of the Investee Corporation must be attached and form part of this document. 21.

With respect to the business of the Issuer and its properties, (

a) Description of the business(es) the Issuer or Investee Corporation now operates and proposes to operate: (Describe in detail, including the products that are or will be produced or services that are or will be rendered.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

b) Description of how these products or services are to be produced or rendered and how and when the Issuer intends to carry out its activities:

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Part II - Regulations Vol. 35, No. 9 408 © NS Registry of Regulations. Web version. (If the Issuer or Investee Corporation plans to offer a new product(s), also state the present stage of development, including whether a working prototype(

s) is in existence. Indicate if completion of development of the product will require a material amount of the resources of the Issuer, and the estimated amount. Include descriptions of any major existing supply contracts.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

c) Industry in which the Issuer or Investee Corpor ation is selling or expects to sell its products or services: (Describe the industry in which the Issuer or Investee Corporation is selling or expects to sell its products or services and, if applicable, any recognized trends within the industry. Describe the part of the industry and the geographic area in which the business competes or will compete.

Indicate whether competition is or is expected to be by price or service or on other basis.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

d) Nature and extent of federal, provincial and municipal regulations to which the Issuer’s or Investee Corporation’s business, products or properties are subject: (Indicate the nature and extent of each regulation and its effects or potential effects upon the Issuer. If none, so indicate.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

e) Number and types of employees of the Issuer or Investee Corporation, and number and type of employees it anticipates it will have within the next 12 months: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

f) Description of principal properties owned or leased by the Issuer or the Investee Corporation, and properties the Issuer or Investee Corporation intends to acquire in the next 12 months: (Describe generally the principal properties (such as real estate, plant and equipment, patents, etc.) that the Issuer or Investee Corporation owns, indicating also what properties it leases and a

summary of the terms of those leases, including the amounts of payments, expiration dates and the terms of any renewal options. Indicate what properties the Issuer or Investee Corporation intends to acquire in the next 12 months, the costs of those acquisitions and the sources of financing it expects to use in obtaining those properties, whether by purchase, lease or otherwise.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

g) Name, business purpose and ownership details fo r each subsidiary of the Issuer or Investee Corporation: (If none, so indicate.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

h) Summary of material events (i.e., those that are fundamental to business and day-to-day operations) in the development of the Issuer or Investee Corporation during the last 5 years or whatever shorter period the Issuer has existed:

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Part II - Regulations Vol. 35, No. 9 © NS Registry of Regulations. Web version. 409 (Include both positive and negative facts. Also include details on profits and losses, including the causes of any losses.

Include as well any material acquisitions or arrangements.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Specified Investments in Eligible Local Business Entities by an Issuer that is a Corporation (Item 22 must be completed by an Issuer that is a Corporation with a constitution that restricts it to making specified investments in eligible local business entities in accordance with its Community Economic-Development Plan.) Note: If the Issuer proposes to invest or has invested 20% or more of the net proceeds of the total offerings to date or of the contemplated offering in an Investee Corporation, the most recent financial statements of the Investee Corporation must be attached and form part of this document. 22. (

a) Restrictions on investments as described in the Issuer’s constitution: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

b) The Issuer’s investment strategy and obj ectives as set forth in the Issuer’s Community Economic-Development Plan: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

c) Intended specified investments in eligible local business entities that the Issuer plans to make with the proceeds of the Offering, and how they fall within the Issuer’s Community Economic-Development Plan: (If no such specified investments are planned at the time of the Offering or if further specific investments are contemplated, please indicate that fact.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

d) The Issuer has / does not have an exit strategy for the investments. (If so, please describe.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Potential investors should note that if specified investments in eligible local business entities are not described in this offering document, the Issuer must make those investments in compliance with

Section 20 of the CEDC Regulations. Business and Properties of an Issuer that is an Association (If the Issuer is an Association and now operates or proposes to carry on business or operate as a marketing, producer or employee co-operative, as those activities are defined in the regulations made under the Equity Tax Credit Act, please complete item 23.)

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Part II - Regulations Vol. 35, No. 9 410 © NS Registry of Regulations. Web version. (If the Issuer is an Association that has a constitution that restricts it to investing in eligible investments in accordance with the regulations made under the Equity Tax Credit Act, please go to item 24.) NOTE: If the Issuer proposes to invest or has invested 20% or more of the net proceeds of the total offerings to date or of the contemplated offering in an Investee Corporation, the most recent financial statements of the Investee Corporation must be attached and form part of this document. 23. With respect to the business of the Issuer and its properties: (

a) Description of the business(es) the Issuer now operates and proposes to operate: (Describe in detail, including the products that are or will be produced or services that are or will be rendered.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

b) Description of how these products or services are to be produced or rendered and how and when the Issuer intends to carry out its activities: (If the Issuer plans to offer a new product(s), also state the present stage of development, including whether a working prototype(

s) is in existence. Indicate if completion of development of the product will require a material amount of the resources of the Issuer, and the estimated amount. Include descriptions of any major existing supply contracts.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

c) Industry in which the Issuer is selling or expects to sell its products or services: (Describe the industry in which the Issuer is selling or expects to sell its products or services and, if applicable, any recognized trends within the industry. Describe the part of the industry and the geographic area in which the business competes or will compete. Indicate whether competition is or is expected to be by price or service or on other basis.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

d) Nature and extent of federal, provincial and m unicipal regulations to which the Issuer’s business, products or properties are subject: (Indicate the nature and extent of each regulation and its effects or potential effects upon the Issuer.

If none, so indicate.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (Item 24 must be completed by an Issuer that is an Association that has a constitution that restricts it to investing in eligible investments in accordance with the regulations made under the Equity Tax Credit Act.) Note: If the Issuer proposes to invest or has invested 20% or more of the net proceeds of the total offerings to date or of the contemplated offering in an Investee Corporation, the most recent financial statements of the Investee Corporation must be attached and form part of this document. 24. (

a) Restrictions on investments as described in the Issuer’s constitution:

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Part II - Regulations Vol. 35, No. 9 © NS Registry of Regulations. Web version. 411 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

b) Issuer’s investment strategy and objectives as set forth in its Community Economic-Development Plan: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

c) The Issuer intends to make the following specifi ed eligible investments with the proceeds of the offering: (Describe any intended specified eligible investments that the Issuer plans to make with the proceeds of the offering. If no such specific eligible investments are planned at the time of the Offering or if further specific eligible investments are contemplated, please indicate that fact.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (

d) The Issuer has / does not have an exit strategy for the investments. (If so, please describe.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Potential investors should note that if specific eligible investments are not described in this offering document, the Issuer must comply with

Section 20 of the CEDC Regulations. Capital Structure 25. The following table describes the au thorized capital of the Issuer: Name of Security Description of Attributes (In the table, please name and describe the classes of securities of the Issuer, if any, exactly as set out in the constitutional documents of the Issuer. If these details are lengthy, then refer to the constitutional documents by reference and attach them to the offering document. The reference should state: “The constitutional documents attached to this offering document describe the authorized capital of the Issuer”.) 26.

The following table describes the capital structure of th e Issuer and also what the capital structure will be on the conclusion of the Offering:

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Part II - Regulations Vol. 35, No. 9 412 © NS Registry of Regulations. Web version. Column 1 Column 2 Column 3 Column 4 Column 5 Name of Security Number Authorized Total Dollar Value and Number Outstanding on Latest Financial Statements Transactions in Interim Period to Date of Offering Document Total Dollar Value and Number Outstanding at Initial Closing @ Minimum @ Maximum (Loans/ other indebtedness) (Preferred shares) (Common shares) (In columns 3, 4 and 5, state the dollar amount first and the number of securities in brackets after.) Use of Proceeds 27.

The funds raised in the Offering will be used as indicated in the following table: If Minimum Sold % If Maximum Sold % Total Proceeds 100 100 Less: Offering expenses Commissions Promoter fees Legal & accounting Copying & other expenses Total cost of offering Net Proceeds from Offering Use of Net Proceeds Investments Administration Total Use of Net Proceeds (The information concerning “Use of Net Proceeds” must be meaningful and in reasonable detail.

Normally, it is not sufficient to say only that “the proceeds of this offering will be used for general corporate or association purposes.” Describe any projects in reasonable detail and their location.) 28. The proceeds set forth under the column “If Mini mum Sold” will be used in the following order of priority: (describe order of priority) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________

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Part II - Regulations Vol. 35, No. 9 © NS Registry of Regulations. Web version. 413 29. Amounts and sources of material amounts of funds from other sources than the Offering that are to be used in conjunction with the proceeds from the Offering: (State the amounts and sources of the other funds, and whether those funds are firm or contingent. If contingent, explain the contingent event(s).

If none, so indicate.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ 30.

Financial problems the Issuer is having or anticipates having within the next 12 months: (Indicate whether the Issuer is having or anticipates having within the next 12 months any cash flow or liquidity problems and whether the Issuer is in default or in breach of any note, loan, lease or other indebtedness or financing arrangement requiring the Issuer to make payments. Indicate if a significant amount of the Issuer’s trade payables have not been paid within the stated trade term. State whether the Issuer is subject to any unsatisfied judgments, liens or settlement obligations and the amount thereof.

Indicate the Issuer’s plans to resolve any such problems.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ 31.

The proceeds from the Offering will / will not satisfy the Issuer’s cash requirements for the next 12 months, and it will / will not be necessary to raise additional funds. (If applicable, state the source of additional funds, if known.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Financial Forecasts or Projections 32.

Description of assumptions used in making the fu ture-oriented financial information found on page (insert page #): (Describe the assumptions here and indicate the page on which the future-oriented financial information can be found.

If there is no future-oriented financial information, please state that there is none.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (If future-oriented financial information, such as forecasts or projections, will be provided to potential investors, that information must be attached to the offering document and referred to in this item.

The forecast or projection must include all of the assumptions used to calculate the figures shown and be prepared in accordance with

Section 17 of the CEDC Regulations.) Dividends, Distributions and Redemptions 33. Particulars of the Issuer’s dividend policy: (If none, so indicate.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ 34. Details of dividends and other distri butions paid by the Issuer to its security holders during the last 5 years: ________________________________________________________________________________ ________________________________________________________________________________

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Part II - Regulations Vol. 35, No. 9 414 © NS Registry of Regulations. Web version. ________________________________________________________________________________ Promoters of the Issuer 35.

The Promoters of the Issuer are: Name: _______________________________________________________ Business street address: _______________________________________________________ Business telephone number: (_____)__________________________________________________ Business fax number: (_____)__________________________________________________ Names of employers, titles and dates of positions held during the last 5 years with an indication of job responsibilities: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Education (degrees, schools and dates): ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Nature of projects during the last 5 years if not described above: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (Provide this information for each Promoter of the Issuer.) Officers of the Issuer 36.

The officers of the Issuer are: Name: _______________________________________________________ Business street address: _______________________________________________________ Business telephone number: (_____)__________________________________________________ Business fax number: (_____)__________________________________________________ Names of employers, titles and dates of positions held during the last 5 years with an indication of job responsibilities: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Education (degrees, schools and dates): ________________________________________________________________________________

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Web version. 415 ________________________________________________________________________________ ________________________________________________________________________________ Nature of projects during the last 5 years if not described above: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Also a director of the Issuer? ____ Yes ____ No Amount of time to be spent on Issuer’s matters, if less than full time: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (Provide this information for each officer of the Issuer.) Directors of the Issuer 37. (

a) There are (#) directors of the Issuer, 6 of which come from the community, as required by the regulations made under the Equity Tax Credit Act. (

b) At least 2 directors of the Issuer must be independent. The following are the names of the independent directors and a description of how they are independent: ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ 38.

Information concerning each director of the Issuer , other than those already listed under the heading “Officers of the Issuer”: (If there are no directors in addition to those listed under the heading “Officers of the Issuer”, state: “There are no directors of the Issuer other than those listed under the heading “Officers of the Issuer””.) Name: _______________________________________________________ Business street address: _______________________________________________________ Business telephone number: (_____)__________________________________________________ Business fax number: (_____)__________________________________________________ Names of employers, titles and dates of positions held during the last 5 years with an indication of job responsibilities: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Education (degrees, schools and dates): ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________

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Part II - Regulations Vol. 35, No. 9 416 © NS Registry of Regulations. Web version. Nature of projects during the last 5 years if not described above: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (Provide this information for each director of the Issuer who is not an officer.) Key Personnel of the Issuer 39.

The key personnel of the Issuer (i.e., those essential to the operations of the Issuer) who are not already named as officers, directors or promoters are: Name: _______________________________________________________ Business street address: _______________________________________________________ Business telephone number: (_____)__________________________________________________ Business fax number: (_____)__________________________________________________ Names of employers, titles and dates of positions held during the last 5 years with an indication of job responsibilities: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (Provide this information for each key person.) 40.

Description of arrangements to ensure that each key person will remain with the Issuer and on termination of their relationship with the Issuer will not compete with the Issuer: (If none, so indicate.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ 41.

Details of any experience that the officers, directors or other key personnel of the Issuer have in working for or managing a company (including a separate subsidiary or division of a larger enterprise) in the same business as the Issuer: (Explain, including relevant dates.

If none, so indicate.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ 42. (This item applies only to an Issuer that has never conducted business or is otherwise in the development stage.) Details of any experience that the officers, directors or other key personnel of the Issuer have in managing any other business in the start-up or development stage: (Describe the circumstances, including relevant dates.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ 43.

Details of the engagement by the Issuer of any key personnel who are not employees but are consultants or other independent contractors: (If none of the key personnel are consultants or other independent contractors, so indicate.) ________________________________________________________________________________ ________________________________________________________________________________

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Part II - Regulations Vol. 35, No. 9 © NS Registry of Regulations. Web version. 417 ________________________________________________________________________________ 44.

Details of any petition under the Bankruptcy and Insolvency Act (Canada) that has been filed within the last 5 years against any officer, director, key personnel or Promoter, or any appointment by a court within the last 5 years of a receiver or receiver-manager for the business or estate of any of those persons, or any partnership in which any of those persons was general partner, or any corporation or business association of which any of those persons was an executive officer: (Set out the name of the persons, and the nature and date of the actions.

If none, so indicate.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Principal Security Holders 45. The principal security holders of the Issuer (those who beneficially own directly or indirectly 10% or more of any securities of the Issuer presently outstanding) are as follows: (Start with the largest common shareholder.

If a principal security holder is not an individual, please disclose the ownership of the principal security holder by a footnote to the table. If the Issuer has no principal security holder state: “There are no security holders of the Issuer who own directly or indirectly more than 10% of any securities of the Issuer” and do not complete the remainder of this item.) Name Business street address Business telephone number Date(

s) of purchase Type of share Average price per share Number of shares now held Percent of total (Provide this information for each principal security holder.) 46. Number of shares beneficially owned by officers and directors as a group: Before Offering: shares ( % of total outstanding) Note: The officers and directors of the Issuer may subscribe for shares during the offering, in which case the number of shares beneficially owned by officers and directors as a group after the offering will increase. Management Relationships, Transactions and Remuneration 47.

Descriptions of relationships by blood or marriage of the officers, directors, key personnel, Promoters and principal security holders: (If there are no relationships by blood or marriage, so indicate.) ________________________________________________________________________________ ________________________________________________________________________________

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Explanation of any business dealings that took place within the last 2 years or that the Issuer is contemplating between the Issuer and any of its officers, directors, key personnel, Promoters or principal security holders, or any of their relatives or any entity controlled directly or indirectly by any of those persons, including any loans made or received by the Issuer: (This includes sales or leases of goods, property or services to or from the Issuer, employment contracts, or share, option or other purchase contracts, etc.

State the principal terms of any significant loans, agreements, leases, financing or other arrangements. If there are none, so indicate. ) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ 49.

Details of any payments to officers, directors, ke y personnel and Promoters of the Issuer, including salary, bonuses, director’s fees, honoraria and reimbursement of expenses: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ 50.

Description of any employment agreements, either existing or contemplated, with officers, directors, key personnel or Promoters: ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ 51. (

a) The Issuer has / does not have a Conflict of Interest Policy. (

b) Details of all business or personal interests that the officers, directors, key personnel, Promoters or principal security holders of the Issuer, or any related parties, such as a relative of any of those persons or any entity controlled directly or indirectly by any of those persons, may have that could conflict with the interests of the Issuer: (Give details here even if they are described in other items in this offering document.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Litigation 52.

Past, current, pending or threatened litigation or admi nistrative action that has had or may have a material effect upon the Issuer’s business, financial condition or operations: (State the name of the court or tribunal, the names of the principal parties, the date any proceedings were started, the nature and current status of the proceedings and the amounts involved. Include any litigation or action involving the Issuer’s Promoters, officers, directors or other key personnel that relates to or has affected or could affect the Issuer.

Give an evaluation by management or counsel, to the extent feasible, of the merits of the proceedings or litigation and the potential impact on the Issuer’s business, financial condition or operations.) (If there is no such litigation or action to disclose state: “The Issuer and its Promoters, officers, directors and key personnel are not currently and have not been subject to any litigation or administrative or criminal action that is or has been material to the Issuer.

Nor is the Issuer or its Promoters, officers, directors or key personnel aware that any such litigation or action is pending or threatened.”) ________________________________________________________________________________ ________________________________________________________________________________

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Part II - Regulations Vol. 35, No. 9 © NS Registry of Regulations. Web version. 419 ________________________________________________________________________________ Canadian Income Tax Considerations 53. This commentary is of a general natu re only and is not intended to be tax advice to any particular investor. Prospective investors are urged to consult with their own professional advisors regarding the tax consequences applicable to them. (Add narrative with respect to the significant income tax consequences to individuals who are residents of Canada under the Income Tax Act and the Equity Tax Credit Act.

The narrative should address the following, if applicable: • transfer of Shares to a Registered Retir [e]ment Savings Plan (RRSP); • transfer of Shares to a Tax-Free Savings Account (TFSA); • taxation of dividends or income received by Security holders on the Shares; • treatment of capital gains or losses realized by Security holders on disposition; • applicability of alternative minimum tax to Security holders; • deductibility of interest expense on money borrowed to purchase Shares; • availability of tax credits; and • repayment of tax credits.) ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ (Provide the name and address of the professional advisors, if any, involved in the preparation of the answer to item 53.

If no professional advisors have been used, please state “No professional advisors have been used in the preparation of the tax disclosure”.) Material Contracts 54.

Particulars of every material contract (a contr act that is fundamental to the business and day-to-day operations of the Issuer) entered into by the Issuer or, if applicable, any of its significant subsidiaries within 2 years before the date of the offering document: Date Name of Contract Description (Examples of “material contracts” are: contracts for the purchase of property, equipment or inventory; marketing contracts; financing agreements; management agreements; shareholder agreements; copyright or patent agreements.) (Under the heading “Description”, include details as to the parties to the contract, what the contract is for and the important terms of the contract.

Please state a time and place at which those material contracts or copies of them may be inspected during the distribution of the Shares or, alternatively, incorporate the contracts by reference and attach them to this document. If a material contract is of a confidential nature, provide a

summary of it.)

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Part II - Regulations Vol. 35, No. 9 420 © NS Registry of Regulations. Web version. Financial Statements 55. Annual financial statements of the Issuer for the period ending (insert last fiscal year) are attached and form part of this document. Interim financial statements covering the period from (insert appropriate date) to (insert appropriate date) are also attached and form part of this document.

Note: If the Issuer proposes to invest or has invested 20% or more of the net proceeds of the total offerings to date or of the contemplated offering in an Investee Corporation, the most recent financial statements of the Investee Corporation must be attached and form part of this document. (If the Issuer has carried on business but has not completed a fiscal year, state this, delete the first sentence above and attach an unaudited financial statement of the Issuer for the period ending no more than 60 days before the date of the offering document.) (If the Issuer has completed 1 or more fiscal years, attach the financial statements complete with either an audit report or a review engagement report for the most recent completed fiscal year and unaudited financial statements for the period ending no more than 60 days before the date of the offering document.) (If the Issuer does not have a prior operating history, state this and attach an opening balance sheet with either a completed audit report or a review engagement report and also state that those documents form part of this offering document.) Continuous Reporting Obligations 56. (

a) The Issuer will file with the Nova Scotia Securities Commission and send to Security holders annual financial statements and semi-annual interim financial statements as required by the CEDC Regulations. (

b) If a material change occurs in the operation of the Issuer, a press release along with a material change report must be filed with the Nova Scotia Securities Commission no later than 10 days after the date on which the change occurs. Restrictions on Resale of Securities 57.

Under the Equity Tax Credit Act, a person who disposes of a share in respect of which a tax credit has been allowed within 5 years from the date of purchase is liable to repay the Minister of Finance an amount equal to the tax credits received in respect of the share purchased, including interest, if interest is prescribed by the regulations made under that Act, or a lesser amount that is determined in accordance with the regulations under that Act.

Under Nova Scotia securities laws, trades by a Security holder of Shares of the Issuer purchased under this Offering will be restricted and each first trade and each subsequent trade will be a distribution unless, in accordance with subsection 2.5(2) of National Instrument 45-102, Resale of Securities: (

a) the Issuer is and has been a reporting issuer in a jurisdiction of Canada for the 4 months immediately preceding the trade; (

b) the Shares have been held for the 4-month hol d period from the date of the initial exempt trade; (

c) the certificate representing the Shares carries a legend and there is notice of the restriction as set out in paragraphs 2.5(2), 3 and 3.1 of National Instrument 45-102, Resale of Securities;

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d) the trade is not a control distribution as defined in subclause 2(1)(l)(iii) of the Act; (

e) no unusual effort is made to prepare the market or to create a demand for the Shares; (

f) no extraordinary commission or consideration is pa id to anyone in respect of the trade; and (

g) if the vendor is an insider or officer of the Issuer, the vendor has no reasonable grounds to believe that the Issuer is in default of securities legislation. However, first and subsequent trades by a Security holder of Shares of the Issuer purchased under this Offering are permitted in the following circumstances, in accordance with clause 3(5)(

b) of the CEDC Regulations: (

a) to the CEDC in accordance with

section 2.15 of National Instrument 45-106, Prospectus and Registration Exemptions; (

b) to a self-directed registered retirement savings pl an of the security holder or the security holder’s spouse; (

c) to the spouse of the security holder; (

d) to a tax-free savings account of the security holder or the security holder’s spouse; (

e) from a self-directed registered retirement savings plan of the security holder or the security holder’s spouse to the security holder; (

f) from a tax-free savings account of the security holde r to the security holder or the security holder’s spouse; (

g) to a purchaser who owns shares of the CEDC and w ho is advised in writing by or on behalf of the vendor before entering into an agreement of purchase and sale that the purchaser will not accrue any advantage under the Equity Tax Credit Act as a result of the purchase; or (

h) to a purchaser who purchases by way of a trade made in compliance with the Act and any applicable Securities Rules. Caution: The Shares are not listed on a stock exchange. There is no organized market through which these Shares may be sold. Therefore, investors may find it difficult or even impossible to sell their Shares. Rights of Action Items 58 and 59 describe the rights of action in

Section 138 and subsection 146(2) of the Act. 58.

(1) If (

a) an offering document sent or delivered to a purchaser, together with any amendment to the offering document; or (

b) any advertising or sales literature as defined by subsection 56(2) of the Act contains a misrepresentation, a purchaser who purchases a security referred to in it is deemed to have relied on that misrepresentation, if it was a misrepresentation at the time of purchase.

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(2) Under subsection 138(1) of the Act, a purchaser referred to in item 58(1) (

a) has a right of action for damages against (

i) the seller, (ii) every director of the seller at the date of the offering document, and (iii) every person who signed the offering document; or (

b) may elect to exercise a right of rescission ag ainst the seller, in which case the purchaser has no right of action for damages against any person or company under clause (a).

(3) No person or company is liable under subsection 138( 1) of the Act if the person or company proves that the purchaser purchased the securities with knowledge of the misrepresentation.

(4) No person or company is liable under subsection 138( 1) of the Act if the person or company proves that (

a) the offering document or the amendment to th e offering document was sent or delivered to the purchaser without the person’s or company’s knowledge or consent and, on becoming aware of its delivery, the person or company gave reasonable general notice that it was delivered without the person’s or company’s knowledge or consent; (

b) after delivery of the offering document or th e amendment to the offering document and before the purchase of the securities by the purchaser, on becoming aware of any misrepresentation in the offering document, or amendment to the offering document, the person or company withdrew the person’s or company’s consent to the offering document, or amendment to the offering document, and gave reasonable general notice of the withdrawal and the reason for it; or (

c) with respect to any part of the offering document or amendment to the offering document purporting to be made on the authority of an expert, or to be a copy of or an extract from a report, opinion or statement of an expert, the person or company had no reasonable grounds to believe and did not believe that (

i) there had been a misrepresentation, or (ii) the relevant part of the offering docum ent or amendment to the offering document (

A) did not fairly represent the report, opinion or statement of the expert, or (

B) was not a fair copy of, or an extract from, the report, opinion or statement of the expert.

(5) No person or company is liable under subsection 138( 1) of the Act with respect to any part of an offering document or amendment to the offering document not purporting to be made on the authority of an expert or to be a copy of or an extract from a report, opinion or statement of an expert, unless the person or company

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a) failed to conduct a reasonable investigation to provide reasonable grounds for a belief that there had been no misrepresentation; or (

b) believed that there had been a misrepresentation.

(6) Items 58(4) and (5) do not apply to the seller if the seller is also the Issuer.

(7) In an action for damages described in item 58(2)(a), the defendant is not liable for all or any part of the damages that the defendant proves does not represent the depreciation in value of the security resulting from the misrepresentation.

(8) The liability of all persons or companies referred to in item 58(2)(

a) is joint and several with respect to the same cause of action.

(9) A defendant who is found liable to pay a sum in damages may recover a contribution, in whole or in part, from a person or company who is jointly and severally liable under

Section 138 of the Act to make the same payment in the same cause of action unless, in all the circumstances of the case, the court is satisfied that it would not be just and equitable.

(10) The amount recoverable by a plaintiff under

Section 138 of the Act may not exceed the price at which the securities were offered under the offering document or amendment to the offering document.

(11) The rights of action for rescission or damages described in this item are in addition to and without derogation from any other right or remedy that a Security holder might have at law.

(12) If a misrepresentation is contained in a record in corporated by reference in, or deemed incorporated into, an offering document or amendment to the offering document, the misrepresentation is deemed to be contained in the offering document or amendment to the offering document.

(13) For the purpose of item 58(1), advertising or sales literature is deemed not to contain a misrepresentation unless the advertising or sales literature (

a) contains an untrue statement of material fact; or (

b) omits to state a material fact that is necessary to prevent a statement contained in the advertising or sales literature from being misleading in light of the circumstances in which the statement was made.

(14) In this item, for greater certainty, “seller” includ es the Issuer if the securities are distributed by the Issuer. 59. An action must not be commenced to enforce the ri ghts described in item 58 more than 120 days after the date on which payment was made for the Shares. Certificate 60. This offering document, which has been prepared as prescribed by Form 1 of the CEDC Regulations, does not (

a) contain an untrue statement of material fact; (

b) omit to state a material fact required by Form 1; or

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c) omit to state a material fact necessary to make a statement in this offering document not misleading. Dated at __________________________, on ___________________________ (date). (This certificate must be signed by all of the following: • the chief executive officer • the chief financial officer • on behalf of the board of directors, any 2 directors of the Issuer who are duly authorized to sign, other than the foregoing • all promoters of the Issuer.) Form 2: Report of a Trade (Section 25 of the Community Economic-Development Corporations Regulations) 1.

Full name and address of the Vendor: ____________________________________________________________________________________ ____________________________________________________________________________________ 2. Name and address of the Community Economic-Development Corporation issuer of the security traded and description of the security: ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ 3.

Date of trade(s): ____________________________________________________________________________________ 4. List of purchasers (see attached

Schedule A) 5. Name and address of any person acting as agent in c onnection with the trade(

s) and the compensation paid or to be paid to the agent: ____________________________________________________________________________________ ____________________________________________________________________________________ ____________________________________________________________________________________ The undersigned hereby certifies that the statements made in this report are true and correct. Dated at ____________________, Nova Scotia, on ________________________ (date). (signature) by: (name) (title or position)

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Schedule A: List of Purchasers Full Name(

s) and Address(es) of Purchaser(

s) Number of Shares Purchased Purchase Price N.S. Reg. 169/2011 Made: April 14, 2011 Filed: April 18, 2011 Prescribed Petroleum Products Prices Order dated April 14, 2011 made by the Nova Scotia Utility and Review Board pursuant to

Section 14 of the Petroleum Products Pricing Act and Sections 16 to 19 of the Petroleum Products Pricing Regulations Order NSUARB-GAS-W-11-15 In the Matter of the Petroleum Products Pricing Act - and - In the Matter of Prescribing Prices for Petroleum Products pursuant to

Section 14 of the Petroleum Products Pricing Act and Sections 16 to 19 of the Petroleum Products Pricing Regulations Before: Kulvinder S. Dhillon, P. Eng., Member Order

Whereas the purpose of the Petroleum Products Pricing Regulations is to ensure just and reasonable prices for specified petroleum products taking into consideration the objectives of preserving the availability of such products in rural areas, stabilizing prices of such products and minimizing the variances in prices of such products across the Province; And

whereas the Nova Scotia Utility and Review Board (“Board”) considered the manner in which it would proceed to set petroleum prices in its decision, 2006 NSUARB 108, issued on October 16, 2006; And

whereas the average of the average of the daily high and low reported product prices (in Canadian cents) for the week ended April 13, 2011, are: Grade 1 Regular gasoline 79.1¢ per litre Ultra-low-sulfur diesel oil 83.0¢ per litre

Now therefore the Board prescribes the benchmark prices for petroleum products to be:

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Part II - Regulations Vol. 35, No. 9 426 © NS Registry of Regulations. Web version. Gasoline: Grade 1 79.1¢ per litre Grade 2 82.1¢ per litre Grade 3 85.1¢ per litre Ultra-low-sulfur diesel oil 83.0¢ per litre And

now therefore the Board has determined, based on historical data regarding price changes and to achieve revenue neutrality, it is appropriate to apply, and the Board so orders, forward averaging corrections of: Gasoline: plus 0.9¢ per litre Ultra-low-sulfur diesel oil: plus 0.9¢ per litre And

now therefore the Board prescribes the prices for petroleum products as set forth in

Schedule “A” effective on and after 12:01 a.m., April 15, 2011. Dated at Halifax, Nova Scotia, this 14th day of April, 2011. Sgd: Elaine Wagner Clerk of the Board

Schedule “A” Prices Prescribed for Petroleum Products under the Petroleum Products Pricing Act and the Petroleum Products Pricing Regulations effective on and after 12:01 a.m. on April 15, 2011 Nova Scotia Petroleum Price

Schedule Petroleum Prices in Cents/Litre Self-Service Pump Prices Full-Service Pump Prices (Pump Prices includes 15% HST) Base Wholesale Price Fed. Excise Tax Prov.

Tax Wholesale Selling Price Min Max Min Max Zone 1 Regular Unleaded Mid-Grade Unleaded Premium Unleaded Ultra-Low-Sulfur Diesel 86.3 89.3 92.3 90.2 10.0 10.0 10.0 4.0 15.5 15.5 15.5 15.4 111.8 114.8 117.8 109.6 133.2 136.6 140.1 130.6 134.9 138.3 141.8 132.4 133.2 136.6 140.1 130.6 999.9 999.9 999.9 999.9 Zone 2 Regular Unleaded Mid-Grade Unleaded Premium Unleaded Ultra-Low-Sulfur Diesel 86.7 89.7 92.7 90.6 10.0 10.0 10.0 4.0 15.5 15.5 15.5 15.4 112.2 115.2 118.2 110.0 133.6 137.1 140.5 131.1 135.4 138.8 142.3 132.8 133.6 137.1 140.5 131.1 999.9 999.9 999.9 999.9 Zone 3 Regular Unleaded Mid-Grade Unleaded Premium Unleaded Ultra-Low-Sulfur Diesel 87.2 90.2 93.2 91.1 10.0 10.0 10.0 4.0 15.5 15.5 15.5 15.4 112.7 115.7 118.7 110.5 134.2 137.7 141.1 131.7 135.9 139.4 142.8 133.4 134.2 137.7 141.1 131.7 999.9 999.9 999.9 999.9

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Web version. 427 Zone 4 Regular Unleaded Mid-Grade Unleaded Premium Unleaded Ultra-Low-Sulfur Diesel 87.2 90.2 93.2 91.1 10.0 10.0 10.0 4.0 15.5 15.5 15.5 15.4 112.7 115.7 118.7 110.5 134.2 137.7 141.1 131.7 135.9 139.4 142.8 133.4 134.2 137.7 141.1 131.7 999.9 999.9 999.9 999.9 Zone 5 Regular Unleaded Mid-Grade Unleaded Premium Unleaded Ultra-Low-Sulfur Diesel 87.2 90.2 93.2 91.1 10.0 10.0 10.0 4.0 15.5 15.5 15.5 15.4 112.7 115.7 118.7 110.5 134.2 137.7 141.1 131.7 135.9 139.4 142.8 133.4 134.2 137.7 141.1 131.7 999.9 999.9 999.9 999.9 Zone 6 Regular Unleaded Mid-Grade Unleaded Premium Unleaded Ultra-Low-Sulfur Diesel 88.0 91.0 94.0 91.9 10.0 10.0 10.0 4.0 15.5 15.5 15.5 15.4 113.5 116.5 119.5 111.3 135.1 138.6 142.0 132.6 136.9 140.3 143.8 134.3 135.1 138.6 142.0 132.6 999.9 999.9 999.9 999.9 N.S.

Reg. 170/2011 to 172/2011 Made: May 25, 2010 and November 2, 2009 Approved: April 19, 2011 Filed: April 20, 2011 The Nova Scotia Crop Insurance Plan for Tree Fruit, Crop Insurance Plan for Winter Grain and Dairy Livestock Insurance Plan Order in Council 2011-145 dated April 19, 2011 Amendment to regulations made by the Nova Scotia Crop and Livestock Insurance Commission and approved by the Governor in Council pursuant to

Section 6 of the Crop and Livestock Insurance Act The Governor in Council on the report and recommendation of the Minister of Agriculture dated March 8, 2011, is pleased, effective on and after April 19, 2011, (

a) pursuant to

Section 6 of

Chapter 113 of th e Revised Statutes of Nova Scotia, 1989, the Crop and Livestock Insurance Act, to approve of amendments made by the Nova Scotia Crop and Livestock Insurance Commission to (

i) The Nova Scotia Crop Insurance Plan for Tree Fruit, N.S. Reg. 121/2003, made by the Nova Scotia Crop and Livestock Commission and approved by the Governor in Council by Order in Council 2003-268 dated June 20, 2003, in the manner set forth in

Schedule “A” attached to and forming part of the report and recommendation, (ii) the Crop Insurance Plan for Winter Grain, N.S. Reg. 134/2002, made by the Nova Scotia Crop and Livestock Commission and approved by the Governor in Council by Order in Council 2002-487 dated November 1, 2002, in the manner set forth in

Schedule “B” attached to and forming part of the report and recommendation, [and] (iii) the Dairy Livestock Insurance Plan , N.S. Reg. 114/2002, made by the Nova Scotia Crop and Livestock Commission and approved by the Governor in Council by Order in Council 2002- 407 dated September 13, 2002, in the manner set forth in

Schedule “C” attached to and forming part of the report and recommendation; and

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b) pursuant to

Section 77 of

Chapter 2 of the Acts of 2010, the Finance Act, to authorize the Nova Scotia Crop and Livestock Commission to enter into the net debt obligation created by the amendments in Schedules “A”, “B” and “C” attached to and forming part of the report and recommendation. [Not filed as a regulation.] N.S. Reg. 170/2011 The Nova Scotia Crop Insurance Plan for Tree Fruit

Schedule “A” I certify that at a meeting held May 25, 2010, the Nova Scotia Crop and Livestock Insurance Commission passed a motion to amend The Nova Scotia Crop and Livestock Tree Fruit Insurance Plan [The Nova Scotia Crop Insurance Plan for Tree Fruit] in the manner set forth in the attached. Dated and signed at Truro, Nova Scotia, May 26, 2010. Nova Scotia Crop and Livestock Insurance Commission Per: sgd.: Bill MacLeod J. Bill MacLeod, CEO Amendment to The [Nova Scotia] Crop Insurance Plan for Tree Fruit made by the Nova Scotia Crop and Livestock Insurance Commission pursuant to

Section 6 of

Chapter 113 of the Revised Statutes of Nova Scotia, 1989, the Crop and Livestock Insurance Act 1

(1) Section 3 of The [Nova Scotia] Crop Insurance Plan for Tree Fruit, N.S. Reg. 121/2003, made by the Nova Scotia Crop and Livestock Insurance Commission and approved by the Governor in Council by Order in Council 2003-268 dated June 20, 2003, is amended by repealing clause (1)(

f) and substituting the following clause: (f) “tree fruit” means all varieties of apples, p eaches and pears produced in Nova Scotia that are accepted by the Commission for insurance coverage.

(2) Section 3 of the plan is further amended by repealing subsection (2) and substituting the following subsection:

(2) For the purpose of this plan, (

a) a bushel of apples weighs 42 lbs.; (

b) a bushel of peaches weighs 50 lbs.; (

c) a bushel of pears weighs 50 lbs.; (

d) a bin of fresh apples, fresh peaches or fresh pears contains 17 bushels; and (

e) a bin of processing or juice apples or processing or juice pears contains 18 bushels. 2

Section 9 of the plan is repealed and the following

Section substituted: 9( 1 ) All the area of apples owned or operated by an insured person and to be harvested may be offered for insurance coverage.

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(2) All the area of peaches owned or operated by an insured person and to be harvested may be offered for insurance coverage.

(3) All the area of pears owned or operated by an insured person and to be harvested may be offered for insurance coverage.

(4) If only one crop is offered for insurance coverage by an insured person pursuant to subsection (1), (2) or (3), that crop must be the major tree fruit crop produced by the insured person.

(5) The Commission may insure all or part of the area offered for insurance coverage.

(6) Upon application in writing by an insured person, the Commission may insure a tree fruit crop on the basis of variety, area, agronomic practice or specified perils. 3

Section 19 of the plan is repealed and the following

Section substituted: 19

(1) The final date for harvest in a crop year shall be 1 of the following: (a) 12:00 noon on October 23 for all varieties of apples, except for the variety Spy, and all varieties of pears; (b) 12:00 noon on October 26 for the variety Spy; (c) 12:00 noon on September 30 for all varieties of peaches; (

d) a date determined by the Commission.

(2) The Commission may establish a potential yield for any insured area not harvested by the final harvest date. 4

Section 21 of the plan is repealed and the following

Section substituted: 21 For the purpose of determining the reduction in yield of tree fruit in a crop year and any indemnity payable, (

a) the actual production of the total area harv ested for apples, the actual production of the total area harvested for peaches and the actual production of the total area harvested for pears shall be taken into account separately; and (

b) the actual production shall be adjusted b ased on the quality blend of apples, the quality blend of peaches or the quality blend of pears harvested, based on a method approved by the Commission. 5 Subsection 22(1) of the plan is repeal ed and the following subsection substituted:

(1) A claim for an indemnity payable due to a reduction in yield from a tree fruit crop must be filed with the Commission, on a proof of loss form provided by the Commission for this purpose, no later than January 15 in the year following the end of the crop year for which the claim is being made.

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Schedule “B” I certify that at a meeting held November 2, 2009, the Nova Scotia Crop and Livestock Insurance Commission passed a motion to amend The Nova Scotia Crop and Livestock Winter Grain Insurance Plan [the Crop Insurance Plan for Winter Grain] in the manner set forth in the attached. Dated and signed at Truro, Nova Scotia, May 5, 2010. Nova Scotia Crop and Livestock Insurance Commission Per: sgd.: Bill MacLeod J. Bill MacLeod, CEO Amendment to the [Crop Insurance Plan for] Winter Grain Insurance Plan made by the Nova Scotia Crop and Livestock Insurance Commission pursuant to

Section 6 of

Chapter 113 of the Revised Statutes of Nova Scotia, 1989, the Crop and Livestock Insurance Act 1 Clause 3(

f) of the [ Crop Insurance Plan for] Winter Grain Insurance Plan, N.S. Reg. 134/2002, made by the Nova Scotia Crop and Livestock Insurance Commission and approved by the Governor in Council by Order in Council 2002-487 dated November 1, 2002, is repealed and the following clause substituted: (f) “winter grain” means all varieties of winter wheat, fall rye and triticale accepted by the Commission for insurance coverage; 2 Clause 25(3)(

b) of the plan is rep ealed and the following clause substituted: (

b) the amount of loss for the insured crop shall be calculated by multiplying the guaranteed production on the damaged area, less any potential production applied to the area, by the product of the established price and the applicable Stage 1 payout rate set out in the following table: Crop Rate as % of Established Price Milling wheat 50% Feed wheat 65% Fall rye 65% Triticale 65%

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Schedule “C” I certify that at a meeting held May 25, 2010, the Nova Scotia Crop and Livestock Insurance Commission passed a motion to amend The Nova Scotia Crop and Livestock Dairy Livestock Insurance Plan [the Dairy Livestock Insurance Plan] in the manner set forth in the attached. Dated and signed at Truro, Nova Scotia, May 26, 2010. Nova Scotia Crop and Livestock Insurance Commission Per: sgd.: Bill MacLeod J. Bill MacLeod, CEO Amendment to the Dairy Livestock Insurance Plan made by the Nova Scotia Crop and Livestock Insurance Commission pursuant to

Section 6 of

Chapter 113 of the Revised Statutes of Nova Scotia, 1989, the Crop and Livestock Insurance Act Subsection 4(2) of the Dairy Livestock Insurance Plan, N.S. Reg. 114/2002, made by the Nova Scotia Crop and Livestock Insurance Commission and approved by the Governor in Council by Order in Council 2002-407 dated September 13, 2002, is repealed and the following subsection substituted:

(2) All of the following are designated perils for the purpose of the loss of income benefit: (

a) the diseases specified in subsection (1); (

b) fire; (

c) collapse of a dairy building as a result of ice or snow; (

d) wind.

N.S. Reg. 173/2011 Royal Gazette

Part II - Regulations Vol. 35, No. 9 432 © NS Registry of Regulations. Web version. N.S. Reg. 173/2011 Made: April 21, 2011 Filed: April 27, 2011 Prescribed Petroleum Products Prices Order dated April 21, 2011 made by the Nova Scotia Utility and Review Board pursuant to

Section 14 of the Petroleum Products Pricing Act and Sections 16 to 19 of the Petroleum Products Pricing Regulations Order NSUARB-GAS-W-11-16 In the Matter of the Petroleum Products Pricing Act - and - In the Matter of Prescribing Prices for Petroleum Products pursuant to

Section 14 of the Petroleum Products Pricing Act and Sections 16 to 19 of the Petroleum Products Pricing Regulations Before: Roland A. Deveau, Q.C., Member Order

Whereas the purpose of the Petroleum Products Pricing Regulations is to ensure just and reasonable prices for specified petroleum products taking into consideration the objectives of preserving the availability of such products in rural areas, stabilizing prices of such products and minimizing the variances in prices of such products across the Province; And

whereas the Nova Scotia Utility and Review Board (“Board”) considered the manner in which it would proceed to set petroleum prices in its decision, 2006 NSUARB 108, issued on October 16, 2006; And

whereas the average of the average of the daily high and low reported product prices (in Canadian cents) for the week ended April 20, 2011, are: Grade 1 Regular gasoline 80.6¢ per litre Ultra-low-sulfur diesel oil 82.5¢ per litre

Now therefore the Board prescribes the benchmark prices for petroleum products to be: Gasoline: Grade 1 80.6¢ per litre Grade 2 83.6¢ per litre Grade 3 86.6¢ per litre Ultra-low-sulfur diesel oil 82.5¢ per litre And

now therefore the Board has determined, based on historical data regarding price changes and to achieve revenue neutrality, it is appropriate to apply, and the Board so orders, forward averaging corrections of: Gasoline: plus 1.2¢ per litre Ultra-low-sulfur diesel oil: plus 0.6¢ per litre And

now therefore the Board prescribes the prices for petroleum products as set forth in

Schedule “A” effective on and after 12:01 a.m., April 22, 2011. Dated at Halifax, Nova Scotia, this 21st day of April, 2011. Sgd: Elaine Wagner Clerk of the Board

N.S. Reg. 173/2011 Royal Gazette

Part II - Regulations Vol. 35, No. 9 © NS Registry of Regulations. Web version. 433

Schedule “A” Prices Prescribed for Petroleum Products under the Petroleum Products Pricing Act and the Petroleum Products Pricing Regulations effective on and after 12:01 a.m. on April 22, 2011 Nova Scotia Petroleum Price

Schedule Petroleum Prices in Cents/Litre Self-Service Pump Prices Full-Service Pump Prices (Pump Prices includes 15% HST) Base Wholesale Price Fed. Excise Tax Prov. Tax Wholesale Selling Price Min Max Min Max Zone 1 Regular Unleaded Mid-Grade Unleaded Premium Unleaded Ultra-Low-Sulfur Diesel 88.1 91.1 94.1

Document details

Collection	Nova Scotia — Gazette
Citation	N.S. Reg. 166/2011
Date	2011-01-01
Type	gazette
Volume / chapter	just regulations rg2 2011 ma0611
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	32f9bf38c1c6dd5385fa3b84854220f5b607ba78

Source file is stored in the law ingest library (pdf).