Order: In the Matter of Teodosio Vincent Pangia

WHEREAS on May 29, 2009, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing and Amended Statement of Allegations pursuant to section 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended, in respect of the respondent, Teodosio Pangia (the “Respondent”);

AND WHEREAS on June 1, 2009, this matter was adjourned to July 23, 2009;

AND WHEREAS on July 23, 2009, this matter was adjourned to September 1, 2009;

AND WHEREAS on September 1, 2009 the Commission ordered that the matter be set down for a hearing on the merits to commence March 1, 2010, through March 8, 2010, inclusive;

AND WHEREAS Staff of the Commission (“Staff”) and the Respondent have signed a settlement agreement dated February 22, 2010 (the “Settlement Agreement”);

AND WHEREAS on February 26, 2010, Staff brought a motion for an adjournment of the hearing on the merits in order to schedule a settlement hearing, for the Commission to consider whether it is in the public interest to approve the Settlement Agreement;

AND WHEREAS the Commission has read the submissions of Staff and the consent of the Respondent with respect to the motion;

AND WHEREAS the Commission considers it to be in the public interest;

IT IS ORDERED THAT that the hearing on the merits is adjourned sine die and a settlement approval hearing is scheduled, on the consent of the parties, to be heard on April 5, 2010 at 10:00 a.m.

DATED at Toronto this 26^th day of February, 2010