Notice of Hearing: In the Matter of Terrence William Marlow et al.

      TAKE NOTICE that the Commission will hold a hearing pursuant to section 127 of the Securities Act, R.S.O. 1990, c.S.5, as amended (the "Act") at the Commission’s offices on the 17^th floor, 20 Queen Street West, Toronto, Ontario, commencing on Thursday the 25^th day of May, 2006, at 11:00 a.m. or as soon thereafter as the hearing can be held.

      AND TAKE NOTICE THAT the purpose of the hearing is for the Commission to consider whether it is in the public interest to approve the settlement of the within proceedings entered into between Staff of the Commission and the respondent Terrence William Marlow.

      BY REASON OF the allegations set out in the Statements of Allegations and such additional allegations as counsel may advise and the Commission may permit.

      AND TAKE FURTHER NOTICE that any party to the proceeding may be represented by counsel if that party attends or submits evidence at the hearing.

      AND TAKE FURTHER NOTICE THAT, upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceeding.

      DATED at Toronto this 23^rd day of May, 2006.

 " John Stevenson " 
Secretary to the Commission