Order: In the Matter of Maitland Capital Ltd. et al.

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

and

IN THE MATTER OF

MAITLAND CAPITAL LTD., ALLEN GROSSMAN ,
HANOUCH ULFAN, LEONARD WADDINGHAM,
RON GARNER , GORD VALDE, MIRIANNE HYACINTHE,
DIANA CASSIDY, RON CATONE, STEVEN LANYS, ROGER MCKENZIE,
TOM MEZINSKI, WILLIAM ROUSE and JASON SNOW

ORDER
Section 127(7)

WHEREAS on January 24, 2006, the Ontario Securities Commission (the “Commission”) ordered pursuant to s. 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) that: (a) all trading by Maitland Capital Ltd. (“Maitland”) and its officers, directors, employees and/or agents in securities of Maitland shall cease forthwith for a period of 15 days from the date thereof; (b) the Respondents cease trading in all securities; and (c) any exemptions in Ontario securities law do not apply to the Respondents (the “Temporary Order”);

AND WHEREAS pursuant to subsection 127(1) and 127(5) of the Act, a hearing was scheduled for February 8, 2006 at 2:00 p.m. (the “Hearing”);

AND WHEREAS Staff of the Commission has advised that six Respondents namely Ron Garner , Ron Catone , Steven Lanys , William Rouse , Leonard Waddingham and Jason Snow have not been served with the Temporary Order, Notice of Hearing or the Statement of Allegations in this matter;

AND WHEREAS Staff of the Commission has filed the affidavit of Sabine Dobell sworn February 2, 2006 and the affidavit of Bryan Gourlie sworn November 8, 2005 in support of Staff’s request to extend the Temporary Order;

AND WHEREAS Staff of the Commission has requested an adjournment to continue to effect service on the six Respondents not yet served;

AND WHEREAS counsel for Maitland Capital and Allen Grossman, counsel for Hanoch Ulfan, and counsel for Diana Cassidy, and the individual Respondents, Mirianne Hyacinthe and Roger McKenzie have consented to an adjournment of the Hearing to February 28, 2006 at 10:00 a.m. and consented to an extension of the Temporary Order until the Hearing on February 28, 2006;

AND WHEREAS Gord Valde and Tom Mezinski have not appeared although duly served with the Temporary Order, the Notice of Hearing and Statement of Allegations as evidence by the affidavit of service of Catherine Urquhart sworn February 3, 2006 and the affidavit of service of Ian MacIntyre sworn February 6, 2006 respectively;

AND WHEREAS by Commission order made November 1, 2005 pursuant to section 3.5(3) of the Act, any one of W. David Wilson , Susan Wolburgh Jenah and Paul M. Moore, acting alone, is authorized to make orders under section 127 of the Act;

IT IS ORDERED pursuant to subsection 127(7) of the Act that:

       Dated at Toronto this “8 th” day of February 2006

      “Paul Moore”      
Paul M. Moore, Q.C.