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IMPORTANT NOTE
The SEDI system was developed for the CSA by CDS INC., a subsidiary of the Canadian Depository for Securities Limited, which also operates SEDAR.

For more information on SEDI visit the SEDI web site at www.sedi.ca or contact TNT Filings directly at info@tntfilings.com.

SEDI FAQ

Q: Who or what is an insider?
A: The term "insider" generally includes a director or senior officer of a reporting issuer or a person or a company that has beneficial ownership or control or direction over more than 10% of the voting securities of the issuer.

Q: Deemed to be an Insider
A: There are two circumstances where a director or senior officer of an issuer will be deemed to be an insider.

• If an issuer (reporting or not) becomes an insider of a reporting issuer, every director or senior officer of the issuer is deemed to have been an insider of the reporting issuer for the previous six months or for the shorter period that the person was a director or senior officer of the issuer.
• If a reporting issuer becomes an insider of another reporting issuer, every director or senior officer of the latter reporting issuer is deemed to have been an insider of the former reporting issuer for the previous six months or for the shorter period that the person was a director or senior officer of the latter reporting issuer.

As such a director or senior officer, you must file an initial SEDI report containing the securities transactions or positions to be reported during these periods.

The above presumptions apply to the amalgamation of two issuers.

Q: What does an insider have to file?
A: As an insider who has insider trade reporting obligations to file insider reports in electronic format, you must file an insider profile and then an insider report using SEDI.

The insider profile contains information identifying you the insider and your relationship with one or more SEDI issuers. The information required is prescribed by Form 55-102F1. Typically, the information in the insider profile would not change as a result of changes in the security holdings. An insider that is required to file an insider profile in SEDI format must not file more than one insider profile.

The insider report contains information about transactions in securities of a reporting issuer for which you are required to report. The information required is prescribed by Form 55-102F2.

Q: Do I need to file a report when I become an insider if I do not own any securities of the issuer?
A: No

Q: What type of report do I file when I first become an insider of a SEDI issuer and own securities of that issuer?
A: You need to file an insider report, disclosing all your holdings in the securities of the SEDI issuer. You will initially need to file (create) an insider profile in the system before you can file this insider report. Once your insider profile has been filed, you can then file your insider report, disclosing all your current holdings in the securities of the SEDI issuer. For each particular type of security, the system will ask you to input an opening balance.

Q: What type of report do I file after I have made my initial SEDI report?
A: You need to file an insider report on SEDI, disclosing your transactions in those securities that have resulted in a change in your beneficial ownership of, or control or direction over, them. You do not need to report closing balances if the balance did not change and you have already reported them. SEDI maintains a record of all these holdings as reported previously.

Q: What do I need to do if I’m an insider of several companies?
A: You need to file one insider profile and indicate the names of all the companies of which you are an insider. If you use an agent to file for you, it is recommended that you only use one. However, if you choose to have different people file insider reports for you for these different companies, you must make sure that only one insider profile is created for you. You may wish to have one agent set up the profile for you, and then share your access key with all of your other filing agents.

Q: When must I file an amended insider profile in SEDI?
A: You must file an amended insider profile in SEDI format if there are one or more of the following changes within 10 days after the occurrence of such a change:

• a change in your name
• a change in your relationship to a SEDI issuer; or if you cease to be an insider.

For a change in any other information disclosed in your most recently filed insider profile, you must file an amended insider profile the next time you make a SEDI filing.

Q: What is an initial SEDI report?
A: An initial SEDI report is an insider report filed in either of the following situations:

• You have become an insider and this report is your first time filing an insider report
• If, with respect to a particular issuer, this report is the first time you are filing in SEDI for this security and registered holder.

For either of these situations, you must complete and file a report of your securities holdings in the issuer as a report of your opening balance for the securities holdings. This report is a statement of your position in the holdings rather than a report of any transaction in the securities of the issuer.

When you are filing your initial report, SEDI will automatically indicate in the "Opening/initial balance date" field the following information entered in your insider profile, as appropriate:

• the date you became an insider, or
• the opening balance date.

SEDI reads and extracts this information from the relevant entries you previously made on your insider profile.

Q: When must I file an initial SEDI report?
A: As an insider, you must file an initial insider report within 10 days of becoming an insider. The initial insider report must disclose your direct or indirect beneficial ownership of, or control or direction over, securities of the issuer at the date you became an insider.

Q: What is the filing fee for an insider report?
A: There is no fee for filing an insider report on time in SEDI.

Q: Is there a fee for filing a report late?
A: Yes, within British Columbia only, a filing fee of $50 is imposed if the report is filed late. The fee of $50 is applied for each report that should have been filed on time.

Q: What if I have missed the deadline for filing insider reports?
A: File the report anyway, as soon as possible. In British Columbia, you will be subject to a late filing fee. Be advised that late filing or non-filing of insider reports is an offence under securities laws and may be subject to legal action.