OIC Number: 2007 - 562

Date of Order: Oct 29, 2007

Statute: Nova Scotia Business Incorporated Act Provincial Finance Act

OIC Text: The Governor in Council on the report and recommendation of the Minister of Economic Development dated September 6, 2007, and pursuant to Sections 2(a), (

b) and (e), 6, 16(1)(

b) and (g), and 34(1)(

f) of

Chapter 30 of the Statutes of Nova Scotia, 2000, the Nova Scotia Business Incorporated Act, and Regulations thereunder, Sections 2(1)(o), 9(3) and 9(4), and Sections 59A(

a) and 59C(1) and 1(

A) of

Chapter 365 of the Revised Statutes of Nova Scotia, 1989, the Provincial Finance Act, is pleased to: (

a) approve financial assistance by way of a payroll rebate to Paragon Advanced Development Ltd. in an amount not to exceed $1,260,000.00 authorized by the Board of Directors of Nova Scotia Business Incorporated on August 15, 2007, on terms and conditions generally as outlined in

Schedule "A" attached to and forming part of the Report and Recommendation of the Minister of Economic Development dated September 6, 2007; and (

b) authorize the Minister of Economic Development to execute such agreements, documents and instruments as may be required to give effect to this Order.

Department(s): Economic Development (Aug 1999 - Jan 2009)