Exemption Decisions (CBCA)

The following summarizes the Exemption Decisions made by the Director under the Canada Business Corporations Act.

Investment Planning Counsel Inc.

Decision No.: A-001/10

It has been determined in accordance with subsection 2(6) of the Canada Business Corporations Act that Investment Planning Counsel Inc. is not a distributing corporation, until which time under applicable securities laws it becomes a reporting issuer.

This exemption has been granted on February 23, 2010.