Proceedings

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

- AND -

IN THE MATTER OF

MOMENTAS CORPORATION, HOWARD RASH,
ALEXANDER FUNT AND SUZANNE MORRISON

TEMPORARY ORDER
SECTION 127 (1) & 127 (5)

WHEREAS itappearsto the Ontario Securities Commission (the “Commission”) that:

  1. Momentas Corporation (“Momentas”) is an Ontario Corporation with offices in Toronto;
  2. Howard Rash (“Rash”) and Alexander Funt (“Funt”) are co-founders and promoters of Momentas;
  3. Suzanne Morrison (“Morrison”) is the President, Chief Financial Officer and a Director of Momentas;
  4. Malcolm Rogers (“Rogers”) is the Chief Executive Officer and a Director of Momentas;
  5. Neither Momentas nor any of the named individuals are registered with Commission to trade securities;
  6. Securities of Momentas are being sold to members of the public by officers, directors, employees and/or agents of Momentas purportedly in reliance upon OSC Rule 45-501;
  7. Staff of the Commission (“Staff”) are conducting an investigation into the trading of Momentas securities, and based on the information collected by Staff to date, it appears that Momentas and the named individuals appear to hold themselves out as engaging in the business of trading securities in Ontario and appear to be acting as market intermediaries without being registered pursuant to the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”);
  8. The Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest; and
  9. The Commission is of the opinion that it is in the public interest to make this order.

AND WHEREAS by Commission Order made March 15 th, 2004, pursuant to section 3.5(3) of the Act, any one of David Brown, Paul Moore, Suzanne Wolburgh Jenah acting alone, is authorized to make orders under section 127 of the Act;

IT IS ORDERED pursuant to clause 2 of subsection 127(1) of the Act that all trading by Momentas and its officers, directors, employees and/or agents in securities of Momentas shall cease;

IT IS FURTHER ORDERED that pursuant to clause 2 of subsection 127(1) of the Act that all trading in any securities by Rash, Funt and Morrison shall cease;

IT IS FURTHER ORDERED that pursuant to clause 3 of subsection 127(1) of the Act that any exemptions contained in Ontario securities law do not apply to Momentas, Rash, Funt and Morrison;

IT IS FURTHER ORDERED that pursuant to subsection 127(6) of the Act this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission.

Dated at Toronto this “9 th” day of June, 2005

“David Brown”
David Brown