Order: In the Matter of Strike Holdings Inc. et al.

IN THE MATTER OF STRIKE HOLDINGS INC., KM STRIKE MANAGEMENT INC., MICHAEL AONSO AND KEVIN CARMICHAEL

Wendy Berman, Vice-Chair and Chair of the Panel

File No. 2021-13

May 31, 2021

ORDER

(Subsections 127(8) and 127(1) of the
Securities Act, RSO 1990 c S.5)

WHEREAS the Ontario Securities Commission held a hearing on May 31, 2021 by teleconference to consider a motion by Staff of the Commission (Staff) to further extend a temporary order dated April 21, 2021, and extended on May 3, 2021 (the Temporary Order), against Strike Holdings Inc., KM Strike Management Inc., Michael Aonso and Kevin Carmichael (together, the Respondents);

ON READING the materials filed by Staff and hearing the submissions of representatives of Staff and the representatives for the Respondents, and on considering that the Respondents consent to an extension of the Temporary Order;

IT IS ORDERED THAT:

1. pursuant to subsection 127(8) and paragraph 2 of subsection 127(1) of the Securities Act, RSO 1990, c S.5 (the Act), all trading in any securities by the Respondents shall cease until December 2, 2021;
2. pursuant to subsection 127(8) and paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to the Respondents until December 2, 2021; and
3. notwithstanding paragraph 1 above, the Respondent, Michael Aonso, shall be permitted to trade securities in any registered retirement savings plan (as defined in the Income Tax Act, RSC, 1985, c 1 (5th Supp)) in which he has sole legal and beneficial ownership, provided that such trading is carried out through a registered dealer in Canada to whom he has given a copy of this Order.