Application for Review

Investment Canada Act

Privileged under Section 36 of the Investment Canada Act

INVESTMENT CANADA ACT

APPLICATION FOR REVIEW

FOR TRANSACTIONS INVOLVING CULTURAL
BUSINESS ACTIVITIES AS DEFINED IN SCHEDULE IV
OF THE REGULATIONS

(highlighted text provides additional info)

INVESTOR
1. Name of investor (if more than one, please itemize)

2. Business or mailing address

3. Telephone

Facsimile

Internet address (URL - if available)

4. Name and address of the person or entity that controls the investor
(if more than one, please itemize)

The manner in which control is exercised

5. Provide annual reports of the investor for the three (3) most recent completed fiscal years
Attached
OR
If not available, financial statements for the three (3) most recent completed fiscal years
Attached

(NOTE: Both the balance sheet and the income statement are required.)

In answering the following item, you may refer us to your annual reports or to other business material attached (e.g. 1OK forms, brochures, etc.) Please provide in a separate attachment.

6. a) Describe the business activities carried on by the Investor:

Included in annual report

Included in other business material (Identify)

Included in attachment (Identify)

b) Describe the business activities carried on by the person or entity that controls the Investor, identified in item 4

included in annual report

Included in other business material (Identify)

Included in attachment (Identify)

7. Name of the vendor

Name of the person or entity that controls the vendor, if any

8. Copy of purchase and sale agreement

Attached

If not available, outline of the principal terms and conditions, including the estimated purchase price to be paid for the total transaction and, where the Canadian business forms only a part of the transaction, please specify the estimated purchase price to be paid for the Canadian business only

Attached

9. Date of implementation of investment

CANADIAN BUSINESS

If more than one entity (corporation, partnership, joint venture or trust) is acquired, provide the information for each entity.
(Do not forgot to include all subsidiaries being acquired)

10. Name(s) of the Canadian Business(es)

11. Business or mailing address(es) of the Canadian Business(es)

12. Provide annual reports of the Canadian business(es) for the three (3) most recent completed fiscal years

Attached

If not available, financial statements for the three (3) most recent completed fiscal years

Attached

(NOTE: Both the balance sheet and the income statement are required)

In answering the following item, you may refer us to the annual reports of the Canadian business or to other attached business material. Otherwise, please provide a separate attachment.

13. a) Describe the business activities carried on by the Canadian business(es):

Included in:
annual report OR
attachment or other business material

Identify:

b) Indicate the locations in Canada where the business(es) is(are) being carried on, the business activities carried on at each location and the number of employees at each location

Location(s)

Activities

Number of employees

VALUE OF ASSETS

14. a) Give the value of all assets of the entity carrying on the Canadian business and of all other entities in Canada control of which is being acquired in this transaction, or, if purchasing assets, give the total value of all assets of the Canadian business being acquired:

AND

b) If the acquisition of the Canadian business is the result of the acquisition of control of a corporation incorporated outside Canada, give the total value of the assets of all entities, both inside Canada and outside Canada, the control of which is being acquired in this transaction

THE VALUE OF ASSETS IS THE VALUE SHOWN IN THE APPLICABLE FINANCIAL STATEMENTS, EXPRESSED IN CANADIAN DOLLARS

PLANS

15. Provide in an attachment a detailed description of the investor's plans for the Canadian business, comparing them with the current level of activity

Identify any individuals whom we may contact concerning this application.

If you are UNABLE to answer any of the questions relevant to your investment, indicate the reasons why:

PLEASE ANSWER ALL THE QUESTIONS. FAILURE TO DO SO WILL DELAY THE REVIEW OF YOUR APPLICATION.

Date

Signature of Investor

Print Name and Title

Please send this form to:

Deputy Director of Investments
Cultural Sector Investment Review
Department of Canadian Heritage
25 Eddy Street, 7th floor, Suite 216 (25-7-M)
Gatineau, Quebec
K1A 0M5
Telephone: 819-994-5637
Facsimile: 819-994-5408

FACTORS

PLANS

The assessment factors, set out in section 20 of the Investment Canada Act, are taken into account, where relevant, in the review of your investment.

They are:

the effect of the investment on the level and nature of economic activity in Canada, including, without limiting the generality of the foregoing, the effect on employment, on resource processing, on the utilization of parts, components and services produced in Canada and on exports from Canada;
the degree and significance of participation by Canadians in the Canadian business or new Canadian business and in any industry or industries in Canada of which the Canadian business or new Canadian business forms or would form a part;
the effect of the investment on productivity, industrial efficiency, technological development, product innovation and product variety in Canada;
the effect of the investment on competition within any industry or industries in Canada;
the compatibility of the investment with national industrial, economic and cultural policies, taking into consideration industrial, economic and cultural policy objectives enunciated by the government or legislature of any province likely to be significantly affected by the investment; and
the contribution of the investment to Canada's ability to compete in world markets.

The following list suggests a number of subjects you may wish to elaborate on, if they are relevant. Please note that it is simply a general guide and does not represent a list of obligatory subjects to be covered.

Employment (number and type of jobs created or lost, employee benefits)
Additional investment (increased working capital provisions, expansion)
Resource processing (value added, extent of processing)
Utilization of parts, components and services (requirements of the Canadian business and opportunity for Canadian suppliers to compete in supplying them)
Exports (percentage of exports compared to total sales, markets served, types of products or services exported)
Canadian participation (number of Canadians as employees, managers, directors and owners)
Productivity/efficiency (new or expanded plant, new equipment, rationalization of activities, training)
Technological development (nature of R&D, R&D expenditures and timing, R&D facility, R&D contracts in Canada, use and terms and conditions to use licenses, patents, etc.)
Product innovation/variety (different or complementary product lines, state-of-the-art products)
International competitiveness (world product mandate, access to international distribution networks)

To prevent delays in the review of your application, please provide adequate information to give the reviewing officer a clear understanding of your intention. Three-year projections of the Canadian business' expenditures for employment, sales, exports, capital and research and development, where relevant, would be useful.

Although the Investment Canada Regulations require you to submit only one copy of the annual reports, financial statements and, where relevant, other supporting documents, your submission of three copies of the said documents plus one additional copy for each province in which the Canadian business is carried on would accelerate the commencement of the review of your application.

7540-CH-041-0017E

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