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(a) a director, officer, employee, founder or control person of the issuer,
(b) a spouse, parent, grandparent, brother, sister or child of a director,
executive officer, founder or control person of the issuer,
(c) a parent, grandparent, brother, sister or child of the spouse of a director,
executive officer, founder or control person of the issuer,
(d) a close personal friend of a director, executive officer, founder or control
person of the issuer,
(e) a close business associate of a director, executive officer, founder or
control person of the issuer,
(f) a spouse, parent, grandparent, brother, sister or child of the selling security
holder or of the selling security holder’s spouse,
(g) a security holder of the issuer,
(h) an accredited investor,
(i) a person of which a majority of the voting securities are beneficially
owned by, or a majority of the directors are, persons described in
paragraphs (a) to (h),
(j) a trust or estate of which all of the beneficiaries or a majority of the
trustees or executors are persons described in paragraphs (a) to (h), or
(k) a person that is not the public.
(3) The prospectus requirement does not apply to a distribution of a security in the
circumstances referred to in subsection (2).
(4) Except for a trade to an accredited investor, no commission or finder’s fee may be
paid to any director, officer, founder or control person of an issuer in connection with a
trade under subsection (2) or (3).
Family, friends and business associates
Refer to Appendix D of NI 45-102 Resale of Securities. First trades are subject to a
restricted period on resale.