HomeMy WebLinkAbout00 139 Transfer Bylaw 2
e
e
.
e
TIlE CORPORATION OF TIlE MUNlCIPALTIY OF KINCARDINE
D.
BY-LAW
NO. 2000 -139
A BYLAW TO CREATE A PRIVATE COMPANY FOR ENERGY
PURPOSES IN THE MUNICIPAUTY OF KINCARDINE PURSUANT TO
SECTION 142 OF THE ELECTRICITY ACT 1998 (ONTARIO) AND
SECTIONS 71 AND 73 OF THE ONTARIO ENERGY BOARD ACT 1998
(ONTARIO)
To transfer certain assets of the Kincardine Hydro Electric Commission and of
The Corporation of the Municipality of Kincardine in respect of the generation,
transmission, distribution and retailing of electricity to a corporation and its
subsidiary corporations which have been incorporated under the Business
Corporations Act (Ontario) pursuant to Section 142 of the electricity Act, 1998
(Ontario) and Sections 71 and 73 of the Ontario Energy Board Act, 1998
(Ontario).
WHEREAS
1.) Pursuant to Subsection 145(1) of the Electricity Act, 1998 (the "Electricity
Acr). the Council may make by-laws transferring employees, assets,
liabilities, rights, and obligations of the Corporation of the Municipality of
Kincardine (the "Municipality") or of a commission or other body through
which the Municipality generates, transmits, distributes or retails
electricity, to a corporation incorporated under the Business Corporations
Act (Ontario) (the "OBCA") pursuant to Section 142 of the Electricity Act;
2.) Pursuant to Subsection 150(3) of the Electricity Act, a transfer by-law may
provide that a transfer shall be deemed to have taken effect on a date
earlier than the date the transfer by-law is made;
3.) The Municipality distributed electricity to parts of the Municipality of
Kincardine through the Kincardine Hydro Electric Commission (the
"Commission");
4.) The Municipality has authorized the incorporation of 1448323 Ontario
Limited, 1448324 Ontario Limited, and 1448361 Ontario Limited
(collectively, the "Corporations"), under the OBCA pursuant to Subsection
142(1) of the Electricity Act and Sections 71 and 73 of the DEB Act for the
purpose of carrying on business activities permitted by such acts; and
5.) Pursuant to Subsection 145(1) of the Electricity Act, the Council deems it
appropriate to transfer certain assets of the Commission and of the
Municipality to the Corporations on and subject to the terms and
conditions set forth herein;
NOW THEREFORE the Council of the Corporation of the Municipality of
Kincardine enacts as follows:
.. ./2
e
-
e
e
By-law No. 2000 -139
Kincardine Energy Company Creation By-law
Page 2 of 6
ARTICLE I-INTERPRETATION
1.01
Definitions. Whenever used in this By-law, unless the context
otherwise requires, the capitalized words and terms set out in Schedule
"A" hereto have the respective meanings ascribed to them in Schedule
"An.
1.02
Extended Meanlnas. In this By-law, words importing the
singular number only include the plural and vice versa and words
importing gender shall include all genders.
Schedules. The following Schedules attached to this By-law shall
be construed with and are an integral part of this By-law to the same
extent as if they had been set forth herein:
1.03
Schedule "A" Definitions
Schedule "B" Articles of Incorporation of 1448323 Ontario Limited
Schedule "CO Articles of Incorporation of 1448324 Ontario Limited
Schedule "0" Articles of Incorporation of 1448361 Ontario Limited
Schedule "E" Holdco Assets
Schedule "F" ACorp Assets
Schedule "G" BCorp Assets
1.04
Blndlna Effect. As provided in Section 145 of the Electricity Act, this
By-law is binding on the Municipality, the Commission, the Corporations
and all other Persons, despite any general or special act or any rule of
law, including any act or rule of law which requires notice or registration
of transfers and does not require the consent of the Municipality, the
Commission, the Corporations or any other Person. Section 161 of the
Electricity Act provides that Part XI of the Electricity Act, which includes
Section 145, applies despite the Public Utilities Act (Ontario) and
despite any other general or special act. The Corporations may register
such documents, instruments and agreements, including, without
limitation, certified copies of this By-law, as may be necessary or
desirable in order to evidence or confirm such transfers.
1.05 Successors and Assians. This By-law shall enure to the benefit of
and shall be binding on and enforceable by the Municipality, the
Commission, the Corporations and their respective successors and
assigns.
1.06 ADDlicable Law. This By-law and all documents, instruments,
agreements and transfers contemplated hereby shall be construed and
enforced in accordance with the laws of the Province of Ontario and the
federal laws of Canada applicable therein.
1.07 Severabilitv. If any section of this By-law or part thereof is invalid or
ultra vires the Municipality, such section or part shall not affect the
remaining sections or part of this By-law.
1.08
Titles. The titles to the Articles and certain other provisions hereof
have been inserted for ease of reference only and shall not affect the
construction or the interpretation of this By-law.
. . ./3
e
e
e
e
By-law No. 2000 - 139
Kincardine Energy Company Creation By-law
Page 3 of 6
ARTICLE 11- ADMINISTRATION
2.01 Securities. Any shares of any class or other securities issued by any of
the Corporations in consideration for Assets transferred to the
Corporations pursuant to this By-law shall be issued initially in the name of
the Municipality.
ARTICLE III - INCORPORATIONS
3.01 Incorooration. The incorporation, pursuant to Section 142 of the
Electricity Act, of the following Corporations under the OBCA is hereby
authorized, approved and ratified:
(a) 1448323 Ontario Limited ("Holdco");
(b) 1448324 Ontario Limited ("ACorp"); and
(c) 1448361 Ontario Limited ("BCorp").
3.02 Aooroval of Articles. The Articles of Incorporation of Holdco. in
the form attached hereto as Schedule "B", the Articles of Incorporation of
ACorp, in the form attached hereto as Schedule "CO and the Articles of
Incorporation of BCorp, in the form attached hereto as Schedule "0", are
hereby authorized, approved and ratified.
3.03 First Directors. The appointment or election of the persons listed in
the Articles of Incorporation of each of the Corporations as the first
directors of each of the Corporations is hereby authorized, approved and
ratified. .
3.04
Authorization. The directors referred to in Article 3.03 hereof are
hereby authorized and directed for and on behalf of their respective
corporations to execute and file, pursuant to the OBCA, all articles of
incorporation, notices, articles of amendment, consents and other
instruments as may be necessary to effect the incorporation of their
respective corporations, and any such actions taken prior to the date of
final passage hereof by such directors are hereby authorized, approved
and ratified.
ARTICLE IV - TRANSFERS
4.01 Transfer of Assets. As of the Effective Date. the Municipality
hereby sells, assigns and transfers the assets of the Commission and of
the Municipality relating to the transmission, distribution or retailing of
electricity to the Corporations in accordance with this By-law.
4.02 Transfer of Holdco Assets. As of the Effective Date, all of the
Holdco Assets are hereby transferred to and assumed by Holdco.
4.03 Transfer of ACorD Assets. As of the Effective Date, all of the ACorp
Assets are hereby transferred to and assumed by ACorp.
4.04
Transfer of BCorD Assets. As of the Effective Date, all of the BCorp
Assets are hereby transferred to and assumed by BCorp.
., ./4
e
e
e
e
By-law No. 2000 -139
Bruce Energy Centre Transfer By-law
Page 4 of 6
4.05 Effective Time of Transfer. The transfer of the Assets pursuant to
this By-law shall be deemed to take effect as of the opening of business
on the Effective Date, notwithstanding the date of receipt of any approvals
or other authorizations that may be required, the actual date of the
issuance of any consideration therefor or the date of enactment of this By-
law.
4.06 Non·Assianable Assets. Notwithstanding any other provision
hereof, and notwithstanding Subsections 145(3) and (5) of the Electricity
Act, if any of the Assets shall not be assignable, or shall only be
assignable with the consent or approval of any other third party, the
Municipality andlorthe Commission shall:
(a) use all reasonable efforts in co-operation with but at the cost of the
Transferee to secure the consent required in connection with the
assignment thereof; and
(b) pending the effective transfer thereof, hold all rights or entitlements
that the Municipality or the Commission has thereto, in trust, for the
exclusive benefit of the Transferee, provided that the Transferee shall
pay, perform and discharge all obligations arising or accruing with
respect thereto during such period and shall indemnify the
Municipality and the Commission for such obligations.
4.07 Transfer and Delivery of Assets. The Municipality and the
Commission shall, upon the request of the appropriate Transferee,
execute and deliver to such Transferee, in form suitable for registration,
recording and filing with such public authorities as may be reasonably
required, all such bills of sale, assignments, instruments of transfer,
assurances, consents and other documents as shall be necessary to
effectively record the transfer, to such Transferee, of the Municipality's
and the Commission's right, title and interest in, to and under, or in respect
of, the Assets.
4.08 Transfer of Information. On the Effective. Date, the Municipality and the
Commission shall deliver to the appropriate Transferee, all records, copies
of records, and other information or documentation, in whatever form, that
is in the Municipality's or the Commission's custody or control and that
relate to an Asset that is transferred by this By-law to such Transferee.
4.09 Subseauent Transfers. Any of the Assets transferred under this By-law
may, from time to time, subsequent to the Effective Date, be transferred to
the Corporations or any Subsidiary thereof, as may be permitted by the
Electricity Act and other applicable staMes, regulations and codes, at
such times, on such terms and for such consideration as the directors of
the transferring corporation may determine, and any such subsequent
transfer shall be made pursuant to the authority granted by this By-law
and shall take effect in the sequence and at such times as so determined
by the directors of the transferring Corporation. The Municipality may
execute and deliver any documents, instruments or writings as may be
necessary or desirable to give effect to such subsequent transfer(s).
4.10 Costs. All costs and expenses incurred or to be incurred by the
Municipality or by the Commission and all taxes incurred or payable in
connection with the transfer of the Assets shall be borne by the
Municipality or the Commission, as the case may be.
. . ./5
·
e
e
e
By-law No. 2000 - 139
Kincardine Energy Company By-law
Page 5 of 6
ARTICLE V - PURCHASE PRICE
5.01 Purchase Price. The Purchase Price payable by the Corporations for
the Assets shall be satisfied by the issuance to the Municipality of
common shares in the capital of each of Holdco, ACorp and BCorp having
an ascribed value equal to 100% of the aggregate net book value of all
Assets transferred hereunder to each of Holdco, ACorp and BCorp, as the
case may be.
5.02 Transfer of Shares. All of the common shares in the capital of
ACorp and all of the common shares in the capital of BCorp issued to the
Municipality shall be transferred to Holdco by the Municipality as of the
Effective Date in consideration of the allotment and issuance by Holdco to
the Municipality of fully paid and non-assessable common shares in the
capital of Holdco equal to the aggregate value of the common shares in
the capital of ACorp and the common shares in the capital of BCorp
transferred to Holdco by the Municipality.
ARTICLE VI- GENERAL MATTERS
6.01 Reaulatorv Aoorovals. The transfer of any of the Assets or of the
Transferred Shares which are issued and outstanding shares of ACorp
and BCorp pursuant to this By-law as of the Effective Date shall be subject
to obtaining such regulatory approvals as may be required by law,
including, without limitation, any approval of the DEB pursuant to the DEB
Act, which approvals may be sought by the Municipality, the Commission,
the appropriate Corporation or Subsidiary and following the receipt of any
such approval the transfer shall be completed with effect as of the
Effective Date pursuant to this By-law.
6.02 Subsidiaries. The Municipality hereby authorizes the incorporation of
such additional Subsidiaries by Holdco or the other Corporations as may
be necessary for conducting the businesses referred to in the recitals of
this Transfer By-law.
6.03 Land Transfer Tax and Retail Sales Tax. The transactions
contemplated by this By-law are exempt from Ontario land transfer tax
pursuant to the Land Transfer Tax Act (Ontario) and retail sales tax
pursuant to the Retail Sales Tax Act (Ontario) pursuant to Section 159 of
the Electricity Act.
6.04 Bulk Sales Comoliance. The transactions contemplated by this By-law
are exempt from the provisions of the Bulk Sales Act (Ontario) pursuant to
Section 159 of the Electricity Act.
6.05 Further Assurances. The Municipality and the Commission
shall, at its expense, promptly and duly execute and deliver such further
documents and promptly take such further action not inconsistent with the
terms hereof as may from time to time be reasonably required to more
effectively carry out the intent and purpose of this By-law or to perfect and
protect the interest of the Corporations in the Assets. The Mayor and the
Clerk are hereby authorized and directed, for and on behalf of the
Municipality, to do all acts and things and execute and deliver such other
documents, instruments, agreements and transfers as may be reasonably
necessary or desirable to give effect to the provisions of this By-law.
.. ./6
e
e
e
e
By-law No. 2000 - 139
Kincardine Energy Company By-law
Page 6 of 6
6.06 Amendment of BY-law. In the event of any omission or error made in
connection with the passage of this By-law, including, without limitation,
the unintended transfer, failure to transfer, or improper description of any
assets of the Commission andlor the Municipality, the Municipality may
amend this By-law.
READ a FIRST, SECOND, and THIRD time and DEEMED TO BE PASSED
this 2nd day of November, 2000.
b'
Mayor
e
SCHEDULE "A"
TO BY-LAW NO. 2000 -139
DEFINITIONS
Whenever used in this By-law, unless the context otherwise requires, the following
words and terms shall have the respective meanings ascribed to them below:
(a)
(b)
(c)
(d)
(e)
(f)
e (9)
(h)
(i)
0)
(k)
(I)
(m)
(n)
. (0)
(p)
(q)
"ACorp" shall have the meaning set out in Article 3 hereof;
"ACorp Assets" means those assets listed or described in Schedule "F" hereto;
"Assets" means all of the Holdco Assets, ACorp Assets and BCorp Assets;
"BCorp" shall have the meaning set out in Article 3 hereof;
"BCorp Assets" means those assets listed or described in Schedule "G" hereto;
"By-law" means this By-law No. 2000 - 139, all schedules and all documents,
instruments, agreements and transfers supplemental hereto or in amendment or
confirmation hereof;
"Commission" shall have the meaning set out in the recitals hereto;
"Corporations" shall have the meaning set out in the recitals hereto;
"Effective Date" means November 6, 2000;
"Electricity Act" means the Electricity Act, 1998 (Ontario) and all regulations
thereunder;
"Holdco" shall have the meaning set out in Article 3 hereof;
"Holdco Assets' means those assets listed or described in Schedule "E" hereto;
"Municipality" shall have the meaning set out in the recitals hereto;
"OBCA" means the Business Corporations Act (Ontario) and all regulations
thereunder;
"DEB" means the Ontario Energy Board;
"DEB Act" means the Ontario Energy Board Act, 1998 (Ontario) and all
regulations thereunder;
"Person" includes any individual, corporation (including,
municipal corporation), govemmental department,
unincorporated association or joint venture;
without limitation, a
partnership, trust,
(r) "Purchase Price" means the amounts payable for the Assets as set out in Section
5.01;
(s) "Subsidiary" shall have the meaning ascribed thereto in the OBCA;
(t) "Transferee" means, with respect to any particular Asset, the Corporation or the
Subsidiary which, pursuant to this By-law, has such Asset transferred to it; and
e
(u) "Transferred Shares" means the common shares of ACorp and BCorp referred to
in Section 5.02.
e
.
e
e
SCHEDULE "B"
TO BY-LAW NO. 2000 - 139
ARTICLES OF INCORPORATION OF 1448323 ONTARIO LIMITED
See attached
, ,-..,7>;._~.:..:.,..$...,"..". _
NOV-02-00 13:!6
FROM-POWER BUDO LLP
(-;OJ M¡"is,ry of .
, ,~ ~ CCr."l~umcr and
00,,",,0 ==,;,,¡ "'."'''''''''
CERTIFICATE
ThiS ~C to certify the.t tn·:;¡:'J
art'cIÐ!ì ~:f'.!: I!héctÞtO C:1
Mi;",lst~fe de
I;s Cor:comm:=tl;n
Ct Qu Cnmmor:::o
CERTIFICAT
Ccci cortiho q!;.G bs prc~r.t~
6t~nJ~ ~:"Itre~1 en vlyucr.!r ~~
416-640-2TTT T-381 P.02 F-TT3
L"~-~;;~ I
NOVEMBER 0 1 NOVEMBRE. 2000
H .........................
...........................~:.~.......~.......
D,~ ..~!'-f I Ch't:JClrtc·j
Bu:lr.=t~ ':~r::J~~:~.~:;~ ....::.~, !...:.: :~lle; ·;co;:';t~" par aCtjl)i:B
T""" l.ioe -. M.....
0... No Slot .".. -'"
[TI [iJ IT] ŒJ [J]
" 21 29 30
-
"- ..... J..nsdictiOt'I
m [¡J 1~~T~~!C1 ... . :I
3'1 ,. "
Form 1
8IJ$ineSS
CorporiltiOn&
....,
Fcrmulð 1
I.Oi I~rle..
socléti. par
actiOns
ARTICL.ES OF INCORPORATION
STATUTS CONSTITUTlFS
1. The name of the corporation is: Dénomination socia Ie aa Ie société :
fül~':m
I I~
I:M! :t!TIE D I I
, I : I I
; : . I I
,
: ! I i ; :
2. The adaress of the registered office is:
Aaresse a~ siege se-cial :
Suite 7200, 1 First Canadian Place
(snet: 3nG No. Qr R.R. fttO. and, If fnWti-otfice bualQlng, give floc", No..)
(Rue et numéfQ au nurniro de la R,R. It, s'i[ s'agit dOun Wifice å D\lfeaux, rl~rO du tll.lrellJ)
.
T"""""''''' ()nt-"T';". ~"n"da 1M Is ~1 b h
:Nai11e of M~n~ipadty or PDst OffICe] (Po.1ital COd'e)
{NOM oe 18 municlpallte Clu au burg" Ge j)0&b!:) (Code þO¡tal)
3. Number (or minimum and maximum n~mber) of Nombre (ou nombres minimal et maximal)
direc:tors is: d'ßaministrateurs :
A minimum of one (1) director and
a maximum of twenty (20) directors
4. The ftrst diròlctor(s) is/are:
Premier(.) adminisuateur(S) :
Resident
Canaaian
Stille
Ye.sorNo
Ré.Ïðent
canadien
Oui/Non
Fil'$t name. initialS and &umame
P rënom" inrtta¡.¡.s et nom de famiJ1e
Addr.... for Sarviee, giving 5",,", and No. (or RF<, No.).
MunieJpaJ;ty ana PO'tal Code
OQrniale é!u. y CDtnpris Is rue et Ie numWQ (ou Ie numèro de IS
R.R.), Ie nOm de Ia m"nici~alité et Ie coae 1IOS1aI
Robert POWer
480 Queen's Quay West
Suite 1103
Toronto, Ontario
M8V 2Y3
Yes
.
-.,
MIrGfMI-'-III""-,
1OM:o"'.,.....,..~
.."'~~.
tlltllll.II;........
..... FetM 1 II I8It
~
",""""~---'-
NOV-OZ-OO 13: 57
Forl'l'l1
Businell
COfØOT~11&
MI
¡::'ONT'II.de1
Loi sur les
sociëtës par
_..actions
.
.
-...
_Clllfet....,..1ItrfHe
$ollOtfti..t'8··I.,."lr.....
"'~III<lt:hyI.W.Ctf loCll'.llon.
T....lo.tanlGl.
OKAForrn1',,,",
"""", -....'~ :-::'-,
F~POWER BUDD LLP
5. . Restrictions. if any, on business the corporation
may carryon or on powel5 the corporation may
exercise:
NONE
e. The classes and any maximum number of shares
that the corporation is authorized to issue:
416-640-2777
T-381 P.03
F-m
Limitas, s'U y a lie.l, imposées auX activitès
commerciales ou awe pouvoirs de la soclété :
Calégories..t nombre maximal, 511 y a lieu, d'actions
que la société est autorisëe a émettre :
The Corporation is authorized to issue an unlimited number of shares to be designated as
'Common Shares',
"""7"'" ."f"':-:""',~^
NOV-02-00 13: 57
7.
Form'
SI.Is.lneB15
Corporations
Aç,
Formule'
Loill"lrles
lOCi&têe par
,.CtiOni
.
.
SOIrDoc,. 4)
_O IfIIC....OI'IMIiffM.
i."ø-.i..foOif.W60.....
'.r_~rS"IðIJ.C.rpcnt l/l.
T.u".!..e......
Or.c¡.....,.,1I1..,
"'C';'",,,,"
FROM-POWER BUDD LLP
Rights, privileges, tes\rictiona and conditions (if
any)attaehing to each class of shares and
directors authority with respect to any clus of
shares which may be issued in series:
(16-640-2777
T-381 P.Ot/IS F-773
DroiW, privi!èges. restrictions et condttions. s 'j y a lieu.
,attachés à Chaqu,¡o c:atégo~e d'actions at pouvoirs des
adminislrateurs relatifs å chaque C8tégOtíe d'actions
qui paut ëlre émislt en série :
Subject to the Busíness Corporations Act ¡Ontario), the rights, privileges. restrictions and conditions
attaching to the Common Shares are as follows:
1. the right to one (1) vote at aU meetings of shareholders of the Corporation, except meetings at
which only holders of a specified class of shares are entitled te vote;
2. subject to the prior rights and privileges attaching to any other class of shares of the
Corporation, the right to receive any dividend declared by the Corporation; and
3. subject to the prior rights and privileges attaching to any other class of shares of the
Corporation, the right to receive the remaining property aM assets of the Corporation upon
dissolution.
~"':~,- 'f!i""'1;""::~:"'''~:'1\~""",,,,.,..., ,-
NOV-02-00 13:57
F4Jm"I1
8U5ïneS$
corpcratiOl"ll
ACI
PormAe 1
L.OL sur let
iliiiCié~$ '*
.~c:uons
.
.
£011_4:1
~"I"*rø.
S.liOaOl IO,rll,.""1tt 1110.
"""V:"~I"'t;er"",...~
t"'~nte,c..n"".
ØlUJl_11'lHI
F~POWER BUDD LLP
416-MO-2TTT
T-381 P.os/!e F-7T!
8. . The iasu-. transfer or ownetship of shares
is XJIOlII restricted and the restrictions
(if any) are as folloW$~
L'êmission. Ie transfert au Ie propriété d'actians
est :r1(HU JW re,¡tNint. les res1rictions.
s'il y a lieu. sont I~s suivanles :
No snare or shares of the CorpGratíon shall at any time be transferred to any person without either:
a)
the consent of the directors 10 be signified by a resolution passed by the board or by an
instrument or instruments in writing signed tiy a majority of the directors; or
the consent of the shareholders of the C!'rporation ~ be si~nifj~ by resolution passed by
the shareholders or by an Instrument or Instruments In writing signed by the holders of the
shares of the Corporation representing a majority of the v:Jtes attributable to all of the issued
and outstanding shares of the Corporation.
b)
NOV-oZ-OO 13 : 57
F~POWER BUDD LLP
AU1reS di$pos~ion$, s 11 y a lieu:
m-640-ZT77
T-381 P.06/18 F-773
9. Other provisions, if any. are;
Form'
lSuei"8Sa
Corporation&
AOC
lIorrru.11e ,
Loi~rl8&
. .JIOC1etås par
.lon5
The number of shareholders of the Corporation, exclu:¡ive of persons who are in ils
employment and exclusive of persons who, having been formerly in the employment of the
Corporation, were, while in that employment, and have continued after the termination of
that employment to be. shareholders of the Corporation, is limited to not more than fifty, two
or more persons who are the joint registered owners of One or more shares being counted
as one shareholder.
2, Any invitation to the public to subscribe for securities of the Corporation is prohibited.
3, The board of directors may from time to time on behalf of the Corporation, in such amounts
and on such terms as it deems expedient
1.
.
4.
a)
b)
borrow money on the credit of the Corporation;
issue, reissue. sell or pledge bonds, debentures, notes or other evidences of
indebtedness or guarantee of the Corporation, whe:ther secured or unsecured;
to the extent permitted by the Business Corporations Act (Ontario), give a
guarantee on behalf of the Corporation to secure performance of any present or
future indebtedness, liability or obligation of any person; and
mortgage, hypothecate. pledge or otherwise creale a security interest in all or any
currently owned or subsequently acquired real or personal property. movable or
immovable, property of the Corporation including book debts, rights. powers,
franchises and undertakings, to secure any such bonds. debentures, notes or other
evidences of indebtedness or guarantee or any other person or future
indebtedness, liability or obligation of the Corporation.
The board of directors may from time to tíme delegate to such one or more of the directors
and officers of the Corporation as may be designated by the board, all or any of the powers
conferred on the board above to such extent and in such manner as the board shall
determine at the time of such delegation.
c)
d)
5, The Corporation is incorporated pursuant to Section 142(1} of the Electricity Act, 1998
(Ontario),
.
$oftÞoc!:sCI4,~
IIIKIrdDrRlU¡¡r 1ft..".
hIQoIIGI..regtllorolll'lft
1'1",11: 4l3WleUl CDlþrUlDn,
,.......o,CMIIIÞ.
~_flof...1'1I".
~""'W""J.""-'..--,
NOV-OZ-OO 13:5T
1'"",,'
8usine$5
CQrparationa
Act
P"""".. 1
I.d our eo
-par
~..
.
.
_'"
VIIerc»r_._In",rt..
_CoM" .,.......c...
............~
"....;:......
Ole.. ,....1 "'...
FROM-POWER BUDO LLP
416-640-ZTTT
T-381 P.OT/18 F-TTS
10, The nemes and addre$Ses of the incorporators
are:
Nom et ad_se deu fondateurs :
Fill address for &eN""', ...Idd_ of "'I!is,.red office or
of principal pI_ of h........ giving Street & No. or
Roll, No.. MunicløaJlly GIld Pœtal Code
Domicile é!u. 1Id_ du slllge sodal Oil sdres.e Oe
råQÞll$sement poinc;pø\ y comprIs Is rua at Ie nlJl11éro 011
Ie numëro de Ie R.R. Ie nom de Ia mun.Uté et la code
J>O$11II
F'..I _ initials and slI"",me or corporate nsma
Prénorn, initiolal ot nom de "'mille OU dénomination sac:iIIe
Robert Fower
480 Queen's Quay West
Suite 1103
Toronto, Ontario
M8V 2Y3
These artícles are signed in duplicate. I.es présents Slalu\S sonl signé. en doubie
eJ<emplaire.
SII¡na..... or 11\I:Df'pCQICr,
s;gnaun. --..".
/2/ .II- ~.
-{j~power
e
e
.
.
r
SCHEDULE "C"
TO BY-LAW NO. 2000 -139
ARTICLES OF INCORPORATION OF 1448324 ONTAR¡lO LIMITED
See attached
~;,_.."r")'" ,,- -,." .~~""i\"-
".-":!"'."'
"(fjlilo".......""'.........--'...
~ MI~f!:trv of
. V _, Ccnf;Llrncr :titd
01>1800 C"",,"":<:!OI~
CERTIFICATE
"his ¡ s to Certify Und r:>,,·c,"
arUelo. lire effective en
Min¡"M6 co
13 COI".sømm~t~on
cl ~tJ CorrlmOfo:o
CERïIFICA1'
Ced corUtio 'que r3J~ prêscots
st.e.tu~ Of trÐ~t an ,d9ueuf 'Ð
r '~'w
(16-6(0-2777 7-381 P.D8/18
L~-~24
F-m
!
NOV-02-0D 13:58
F~R BUØØ LLP
. ...~.......~¥.ÇM.ª.çR..º-.tt:!QY.E.Mr:lr;)C .".,.,..
- ~.Ir.---- -¡¡;;".~,..,
Dtt ..erOt I O#(H;1rJc#
Busirt~u C~tpc:~~~'t;':;I .'!.;: ¡Lai :&I, tê£ to,;.c::,oS!$ "~l ~~~~:j~
T...,. ......' Coon, ....,..,
Cooo ... '101 T,po ....",
ŒJ IT] CIJ m ŒJ
,. '0 "" 211 3D
...;.0 J"';saicdotl
..... Ratfl
IT.] C€J 1~,,!Tr'!\! q , .. , , I
01 a 3:1 41
Form'
ekIsinel$
Corl'OC'lQaM
At:t
F""""IO 1
loi &UrIQ
société:s þar
""....
ARTICL.ES OF INCORPORATION
STATUTS CONSTITUTIFS
" The name of Ihe eorporatian ¡a: Dénominatian sQciale de 18 SQc:iété :
f='~2~~1"·!'~
EHIfHEffi±f:EEE1 . : :±±Eflli±1
2, The address of the registered affice is:
Ad...S" du ,,;ége .ocial :
Suite 7200, 1 First Canadian Place
(SØ'Mt and No. OC' I\.ft:. "'0. iItIQ., I' ~ ti-off~e bl"UIGU'\g. gi've Ro~ No.)
(RIJe et numâroou numirc de1S A.1It et. 5'1.·agírCl·~n i!SdiflCel:a outeS\JX. numéro (I¡J ÞuraIU)
.
"'".."nt-" C1nh,,-; o. C'..n"da 1M l'i Ix h~fJ;l
(Name of M,,,,,,pality or Po.. Office) ¡POI"" cooe)
(PtiOm ae Ia mul"tiCi )3l11é .gu du þ!. rQu 01 peSte) t~ ØQ&taI)
3, Number (Qr minimum and maximum number) of Nambre (au I'Iambre.minimsl at maximSI)
direClOI'$ i$: d'sdmin;strateul1l :
A minimum of one (1) àirector and
a maximum of twenty (20) directors
4, The first dfreetor(s) is/ere:
Premier(') administrntEOur(s) :
RII$i\lent
Canadian
State
y...OtNo
Rd.Ì<letlt
_adlen
OuiINOn
Yes
F"'I n...... in¡tiaI$ and ...mlme
Prina"" initial.. et nom da f3mÎ11e
Addre.. for Servu:a, giving Streel and No. (or R,lt No,),
MuoicipaJi!y and POStal COde
oomi¢!le lilu, Y """'PI'Is \a rue II Ie numéro (ou Ie nUm4rd de Is
II.R,), Ie nom dela ""'nicipal~a II Ie ooda ¡)OS,.;
Robert Power
480 Queen's Quay West
suite 1103
Toronto, Ontario
M8V 2Y3
.
~'"
........INI'III'-II""
rØHltt..~""""
r" lit' SrylAA C.,....-*",
onle,Ct.&CII.
IU,""'1II1 ,,'...
'·;I''''....,·~---.:-<·.,,·~".
NOV-OZ-OO 13:58
Form!
BusIness
Cc>rJ>Ora1lof18
Act
rQrrnuli ,
L.QÎ sur lef
$ØCié'" po<
..no
.
.
$onÞac'- 04;'\
~~G"PI'IP'''ItO.
S.hOoc.'If'flØlIllf<llIlrMiI
_.oI3'tl"'IC:" IOf~",n.
1'...IIu¡,CI.......
o.¡;...F.'1' 'I1 '11'"
F~POWER BUDD LLP
5. R.'1nclion-. if any, on business Ihe corporalion
may carryon or on powers the corporalion may
exercise:
NONE
6. The cla....s and any maximum numbel of shares
Ihal the corporation ;s authorŒed 10 issue:
(16-S.0-21TT
1-381 P.OS/IS F-TT3
Limite., s'iI y a lie,., impose.. aux a01ivitès
commerciales au aux pouvoìrs de Ia soc1élè :
Calégone. 8t nombr.. maximal, . 'iI y a lieu, d'action.
que la socilllè est autori,ée å ém.ttre :
The Corporation is authorized to issue an unlimited number of shares to be designated as
'Common Shares",
NOV-OZ-OO 13: 58
Form 1
IkIsl11esS
CorporatlOM
Act
Forl'l'\¡, ¡e ,
1.Oi&lIIrlU
JIf:' par
Wn.
.
.
-""
WOJOf'__~
911111000. ~. JeCIIttITaoI'"
MAlk~ri~C~
TI .D/lIO,Canh'.
tlM.~1"'",
F~POIER BUDD LLP
T-381 P.10/1S F-TT3
416-64D-ZTTT
! RJghlS, privileges. restrictions and condhions (if
any) attaching 10 each class of shares and
directo~ aut/lolily wilh respect to any class of
sharas which may be issued in serieS:
Droils, privilëge~ rastrictions eI conditions, $11 Y a lieu.
ratl8chés ã chaqul) calsgone d'aclions el pouvoirs des
administraleun reJatifs ã chaque catëgorie d'actions
qui peut êlre émisl! en série :
Subject to the Business Corporations Act \Ontario), the rights, privileges, restrictions and conditions
attaching to 1IIe Common Shares are as to lows:
1, the right to one (1) vote at all meetings of shareholders of 1h!! Corporation, except meetings at
which only holders of a specified class of shares are entitled to vote;
2. subject to the prior rights and privileges attaching to any other class of shares of the
Corporation, the right to receive any dividend declared by the Corporation; and
3. subject to the prior rights and privileges attaching to any other class of shares of the
Corporation, the right to receive the remaining property and assets of the Corporation upon
dissolution,
NOV-02-00 13: S8
Form 1
~esa
CorpCfOOooo
Acl
Forrnr"l¡e 1
LDÏ$utle$
soclelti )8r
.tiOn.
.
.
_4'
".,..,..........."..,.,.
..~~;¡.. 1001-';"'"
,,".r~ 1111 StyIOI.I' CDr,..;.n.
T( o/II,.I,..e"""..,.
00CI...P"CIII1'¡~
FROM-POWER BUDD LLP
416-640-2TTT
T-381 p.II/le F-TT3
8. The issue. transfer or ownelSl'lip of shares
;s X.Jlllt restricted and the restrictions
(if any) are as follows:
¡:emission. Ie transfer! ou la propñële d'actìons
est [~ restreint. les restrictions,
s'j y a lieu, sont Ie,; suivanles:
No share or shares·of the Corporation shall at any time be transferred to any person without either:
a)
the consent of the directors to be signified by a resolution passed by the board or by an
instrument or instruments in writing signed by a majority of tI1e directors; or
the consent of the shareholders of the Corporation to be signified by resolution passed by
the shareholders or by an instrument or instruments in wri1ing signed by the holders of the
shares of the Corporation representing a majority of the Vvtes attributable to all of the issued
and outstanding shares of the Corporation.
b)
NOV-02-00 13: 59
form'
BusiMn
corøora1iol'la
ACt
F~1
It> "'" IetI
søciéth par
etlOns
.
.
-..,
WIIf4tW'D""OI'III"-
~"¡100~ ¡" . tOlllM,..Ir¡ø
lark alSÞfIM Cow,....
T....,...CtIlllfll.
OKAFa1'm} ,......
FROM-POWER BUDD LLP
416-64D-2TTr
T-381 P.12/19 F-m
9. Oth.r provisions. if any. are:
Autres disposkions, s'iI y a lieu:
The number of shareholders of the Corporation, exclusive of persons who are in its
employment and exclusive of peI$Ons who, having been formerly in the employment of the
Corporation, were, while in that employment. and have continued after the termination of
that employment to be. shareholders of the Corporation, is limited to not more than fifty, two
or more persons who are the joint registered owners of o;¡e or more shares being counted
as one shareholder,
2, Any invitation to the public to subscribe for securities of thE; Corporation is prohibited,
3, The board of directors may from time to time on behalf of the Corporation, in such amounts
and on such terms as it deems expedient
1,
4.
borrow money on the credit of the Corporation;
issue, reissue, sell or pled!:le bonds, debentures, notes or other evidences of
indebtedness or guarantee of the Corporation, whether secured or unsecured;
c) to the extent permitted by the Business Corporations Act (Ontario), give a
guarantee on behalf of the Corporation to secure performance of any present or
future indebtedness, liability or obligation of any person; and
d} mortgage, hypothecate. pledge or otherwise create a security interest in all or any
currently owned or subseCluently acquired real or personal property, movable or
immovable, property of ttie Corporation including book debts. rights, powers,
franchises and undertakings, to secure any such bonds, debentures, notes or other
evidences of indebtedness or guarantee or any other person or future
indebtedness, liability or obligation of the Corporation.
The board of directors may from time to time delegate to such one or more of the directors
and officers of the Corporation as may be designated by Il1e board, all or any of the powers
conferred on the board above to such extent and in 3uch manner as the board shall
determine at the time of such delegation,
a)
b)
5, The Corporation is incorporated pursuant to Section 142(1) of the Electricity Act, 1998
(Ontario),
~.,-:-:"<".-,_.,,
NOV-02-00 13:59
FROfIIoPOiI(R BUDD LLP
F.... t
....-
CatporaIIona
I0I::l
FOnTIUlø 1
LDi sur lB.
...or
.
.
~4j
WIt'..........IIII..,....
~" IØMIIt. '.......~__
,",'lIiII 8ty~eillr,..."""
"rlrenle,Cann..
015.""1111111'"
=~
-f4iit .
10. The names and addresses of the inCOrporators
are:
~irst _ Inlll* and surna.... or oorpOl1J1$ name
Prén""l iniI_ 011 nom d. fan)iUe ou dénominalion soci.'"
Robert Power
Th..e ST1iet.. are signed in duplicate.
r
416-640-277T
T-381 P.13/19 F-TT3
Nom et adresse des fondateurs :
Fuu __ for service, / r _ of Ngisterecl o/fice or
af principaJ place of bQSIrIeü. giving 5Iteet & No. or
IU. No, Munic:ipøIiIv 0I1d Postal Code
DomidJe ékJ, adressa ÓJ siège social ou aciress. óe
r_r..sement pritlcìpa~ y compr~ Is rue al '" numéfo ou
Ie numéto da Ia R.R. Ie nl>m de Ia rnunicips1lté at '" cod.
postal
480 Queen's Quay West
Suite "03
Toronto, On~ario
M8V 2Y3
Les prêMnts statuu; sam signés en double
exemplaire.
~
--=-
e
e
e
e
SCHEDULE OlD"
TO BY-LAW NO. 2000 -139
ARTICLES OF INCORPORATION OF 1448361 ONTARIO LIMITED
See attached
NOY-02-00 13:59
FROM-POWER BUOD LLP
416-640-21T1
",'
N81 P .14/19 F-7T3
~
Far Mlnl&try Up OnlY
I; ruoago .._I 00 minis..
Ontario CcwponIlfoo N...-
Numiro de Ia &ocièIé en OnœriQ
.
~~lst'"' do
® 1II1~"t!Y 01
~ ~ consammatiOI"
.. VM Cor\'I,un.r ems
,.,1 d\.l Commerce
0fI1ð!\O Ccm<M_RoI*"" CE'ATIFICA1. tS
CERTIFICAiE -e~1 <:en".... que I~. "reser
Thlc Ie 10 eenlly tllal tll... ~lai"8 .,nlrent en Villu",ur e
artIcle. aro .ffeçtlvo on
NOVEJ:'SS", .9..~...~gy§~~~~-~,·~·~~~,..·_......·
..................,...........~~~
Oit~tO(' &?1~tlC.$OQé. pal ~c¡iuns
~:S6Clorø:.t~l1...:'\.........:;. J:.....II ",.... h:.L
1448361
'!noN ,,,- Comp -
c- No s... T"", ......
[II W CD IT] CTI
,. 10 28 29 ..
-
s- ..... JuiaGiCUcn
(II ŒJ 1~"!~A~!q . ., . . . . I
.. 3:! .. 17
Form 1
luslne&s
CorpoI8IIOM
Ael
FormUIe 1
LofSl.lrtes
sce_' par
a......
ARTICLES OF INCORPORATION
STATUTS CONSTITUTIFS
1. The name of the corporation is: Dénomination sociale de la sociele :
~!:!'~
2. The adaress 01 tile reglslered office is:
Adre.se du siege social:
.
~11;t'. 7?nn , Pi.....«.... r'=J'\.#:IIñ;;:¡¡n P'.=r-Þ
CStreeI ana No. or 111..111.. No. aMI, it m¡, 1f.Offic:;e Duhdirlr¡. gIve Room Ho.J
{A\It etnum&ro ou numéro de I¡I R Ft_ &(. r.ïl :s'ilgd d'un éalfic:e a. Durhux. numiro eN bUrelilu)
Toronto, Ontario, Canada ~
tNwn6 of MloInicipaIi'ry Of Pœ¡ Office) (POIiUlI caøs)
(Nom ae Ia municipalitè au dU bureau Øa pol.) (Cede postal)
3. Number (or minimum and maximum n\.lmber) 01 Nombre (ou nomb_ minimal et maximal)
direclors is: d'administraleurs :
A minimum of one (1) director and
a ma~imum of twenty (20) directors
4. The lirst dlrec1or(s) isJare:
Premier(s) IIdnunistraleur(s) :
Resident
C.na¡jjan
$/ale
Yo. or No
Résidenl
canadien
Oui/Non
first name. initialS aftd sumame
"rénon1, itIilialeS II! I\OtI'I CIa faniIIe
Add....o for Sel\lioe. giving Streetalld NO. (or It/!. No.1.
Municipality and "ootal Cooe
Donicile oIJu. y compris Ia ru8 at 10 '1IØTIérO (ou Ie numèro de Ja
R,R.I, Ie nom de I. I'IIUniciplUi!é e,1e COda POStal
Juliet A. Reid
4147 Colonial Drive
Mississauga, Ontario
L5L 4EB
Yes
.
~4:1
.".V'O"...."'~
:;1ItDe;t.".~"""
mIIr~ to! $rJMU' e......M.
'f"rGftI4.c.~.
NOV-02-00 13:59
FOIfII1
liS~ine$1
CorpOr,ÓDf'l&
Act
. FOrtnUI81
, LoIlUrlel
~ &QCltLé¡¡ par
acdon.
.
.
iOIiIeoc.-"J
WDld 'MU.......1WttU
...l1DIn19."......d!ftdt
IIIU\.,IiI,IIUlcatll_
'......IO.C.........
ON...'....' "....
','
F~POWER BUDD LLP
5, Restricûons, jf any, on bu.ineslthe corporalíon
may carry on or on powers IÞe corporalion may
exercise:
NONE
e. The classes and any maximum number of shares
that thé corporation is authorized to issue:
'-"...,.,~',"":-~~
416-640-2777
T-381 P,15/19 F-TT3
2
Limite., s'iI y a lieu, i/"I1pO$êesaux aclivilès
commerciale~ ou tl1tX pouvofrs de la société :
Cetégories et nc)mbre ms)Cimal, .11 y a lieul d'actiøn8
Clue la aocièl. eol autori"ée . émeltre :
The Corporation is authorized to issue an unlimited numbm of shares to be designata£! as
'Common Shares',
NOV-OZ-OO 13: 59
.
Form 1
B:us!nlni$
Corporattonl
Act
~OnMO 1
Loiiurj9li
SOc:itM¡ par
al;1iC:ln&
.
.
SQ/I'Øocsat"'1
""..,....ClOI'IIIIII ,.~.
$tIuDHtI..r<ItIIl...'.......
nI_"Or~la4,I.c""'...n.
ro._o.c...__
OK"lillloal ,,,.,.
FROM-POWER BUDD LLP
! . '"""'"""~"~<
T-381 P.16/19 F-TT3
416-640-zm
3
7.
Flights. privileges, restrictions and condil1ons (if
any) attaching to each class of shares and
directors authority with respect to any clas. of
shares which may be issued in set1es:
Droits, privilèges, restrictions at conditions, s'iI y a ~eu,
rattachés;, chsqlle catégorie d'sc!ions el pouvoins des
adminiS1rsteurs ",Iatifs ;, chaque catégorie d'actions
qui peut ëtre émifie en slirie :
Subject to the Business Corporations Act (Ontario), the rights. pnvileges, restrictions and conditions
attaching to the Common Shares are as follows:
1. the right to one (1) vote at all meetings of shareholders of the CorporatiOn, except meetings at
which only holders of a specified class of shares are entitled 10 vote;
2. subject to the prior rights and privì1eges attaching to any other class of shares of the
Corporation, the right to receive any dividend declared by the Corporatiol'l: and
3, subject to the prior rights and privíleges attaching to ¡my other Class of shares of the
Corporation, the right to receive the remaining property and assets of the Corporation upon
dissolution.
.
NOV-02-00 14:00
!!C,,-"; .' -,,",-,-,,',;'11,,,;<,,:,
.
F0I"I1
e~ítW!u
Cotporal.iØn5
.....
FormWe 1
laOi&urle'
&Dt~&. p.r
actiDftS
"",..~.,.,.,,,,,,,,.,,,
F~POWER BUDD LLP
T-981 P.IT/19 F-TTS
.
~.t:t
................"...
PlIOeø If. ~"V_
....r....Mf......~
r"'II"",C_
010".....' .,,"'.
416-640-2717
4
8. The issue. lransfer or QWIIersI\ip of shares
is Piltllllt restricted and the resVictiotls
(if any) are a. follow$:
I.·emission, Ie trarosfer! ou la propriéte d'actions
est ~ re:;treint. Les restrictions,
$1' Y a lieu, $ont I"S .uNan.... :
No share or shares of the Corporation shall at any time be transfwed to any person without either.
s) the consent of the directors to be signified by a resolution passed by !he bOard or by an
instrument or instruments in writing signed jy a majority ,)f the directors; or
b) the consent of the shareholders of the Corporation to be Si91i1ified by resolution passed by
the sharehOlders or by an instrument or instruments in writing signed by the holders of the
shares of the Corporation representing a majority of the vOles attributable to all of the Issued
and outstanding shares of the Corporation.
NOV-02-00 14:00
Form ,
Buai!'t9SB
Corpora'lians
Act
FQm'It 141
eloiaUfle&
.. octétélipar
- BCtiøns
.
.
..-'"
WoI.._~
I4ftDton...HI¡I.....UIOt
oM'''' ...'8C)I.... c.....-..
T lfl . o,ItI,C.,......
...... ~1 tl1lM
FROM-POWER BUDD llP
",.~';~
416-640-mT
T-381 P.18/IS F-TT3
~
9. Other provisions, if any, are:
Awe. tlispOs!ions, s'iI y 8 lieu:
The numþer of shareholders of the Corporation, exclusive 01 persons who are in its
employment and exclusive of persons who, having been formerty in the employment of the
Corporation, were, while in that employment, and have cootinued after the termination of
that employment to be, shareholders of the Corporation. is limited to not more than fifty, two
or more persons who are the joint registered owners 01 one or more shares being counted
as one shareholder.
2, Any invitation to the public to subscribe for securities 01 the Corporation is prohibited,
3, The board of directors may from time to time on behalf of the Corporation, in such amounts
and on such terms as it deems expedient:
1,
4.
a) borrow money on the credit of the Corporation;
b) issue, reissue, sell or pledge bonds, debentures, notes or other evidences of
indebtedness or guarantee of the Corporation, whether secured or unsecured;
c) to the extent permitted by the Business Corporations Act (Ontario), give a
guarantee on behalf of the Corporation to secure performance of any present or
future indebtedness, liability or obligation of any person; and
d) mortgage. hypothecate, pledge or otherwise create a security interest in all or any
currently owned or subsequentiy acquired real or personal property, movable or
immovable, property of the Corporation including book debts, rights, powers,
franchises and undertakings, to secure any sUe!, bonds, debentures, notes or other
evidences of indebtedness or guarantee or any other person Of future
indebtedness, liability or obligation of the Corporatiøn.
The board of directors may from time to time delegate to such one or more of the directors
and officers of the Corporation as may be designated by the board, all or any 01 the powers
conferred on the board above to such extent and ir, such manner as the board shall
determine at the time of such delegation,
- ------ .
.
.
.
NOV-02-00 14:00
R>rm1
8t.1$iMH
COrpotll!ona
AoI
F_1
Lci sur 111&
6Dcié~5Pi1r
actiona
-..
·........un..~
~11DDn If;. '.........,.,.
_~4'f~~
T,,.-;ç--.
C"'."_.,~_.,.
F~POIER BUDD LLP
416-640-2777
T-381 P.18/18 F-TT3
,0. The names and addre..es of the incorporatots
are:
Nom at adr.~se des fondateurs :
Full.d<I.....;a, e¡etvlce, ar add_ 01._ __ or
of principal place. of bU$in8IS$, ;illing SInIet & No. or
R.R. No., Mur,;cipøtily and Postal Code
Domicile 'Iv, 8d...... dU sIige sociat au lid...... de
rélallliss"""'¡ principal y comp,", la rue.t Ie numéroou
Ie n.....o doo .. '1.11. Ie nom d. '" munlcipar~é et Ie code
pœ!II
First name, Initials aIId .urnsme or cotpal'8l' name
P,énOll\ initiale. ot nom d ¡ !ami" OU dénominotion .ocIaIe
JUliet A. Reid
4147 Colonial Drive
Mississaugs, Ontario
L5L 4.ßB
These articles are signed In duplicate.
Las présents SUltuls sont signés en dOuble
exemplai",.
SCHEDULE "E"
TO BY-LAW NO. 2000 -139
e HOLDCO ASSETS
(i) ASSETS
(i) Cash in the amount of one hundred dollars ($100.00).
-
e
-
e
e
e
e
SCHEDULE "F"
TO BY-LAW NO. 2000 -139
ACORP ASSETS
(i)
ASSETS
(a) Cash in the amount of one thousand dollars ($1,000.00).
e
e
e
e
SCHEDULE"G"
TO BY·LAW NO. 2000 -139
BCORP ASSETS
(i)
ASSETS
(a) Cash in the amount of one thousand dollars ($1,000.00).