Crowdfunding Industry Overview

Appendix 2: CSA Relief Under OM Exemption Dec 2012: Multilateral CSA Notice 45-311 Exemptions from Certain Financial Statement Requirements in the OM to Facilitate Access to Capital by Small Businesses . Issuer group cap under the Blanket Order < $500,000 Investor cap of $2,000 of all securities distributed under the blanket order in any 12 month period Issuer cannot be a reporting issuer, investment fund, mortgage investment entity or a Company engaged in the real estate business Issuer is not distributing complex securities Link to NBSC Blanket Order: http://www.ncfacanada.org/nbsc-blanket-order-with-important-changes-to-om-exemption-to-facilitate-small-business/ Slide | 36 Employment and Social Development Canada NCFA Michal Chowdurcing Association Canara

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