Universitas Plan Trust et al. -- s. 19.1 of NI 41-101 General Prospectus Requirements

Headnote

Relief from subsection 2.3(1) of NI 41-101 to file a final prospectus more than 90 days after the date of the receipt for the preliminary prospectus.

Applicable Legislative Provisions

National Instrument 41-101 General Prospectus Requirements, ss. 2.3(1), 19.1.

September 17, 2012

Universitas Foundation of Canada

Attention: Isabelle Grenier

Dear Sirs/Mesdames:

By letter dated September 7, 2012 (the Application), the Plans applied to the Director of the Ontario Securities Commission (the Director) pursuant to section 19.1 of NI 41-101 for relief from the operation of subsection 2.3(1) of NI 41-101, which prohibits an issuer from filing a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.

This letter confirms that, based on the information and representations made in the Application, and for the purposes described in the Application, the Director grants the requested exemption to be evidenced by the issuance of a receipt for the Partnership's prospectus, provided the Partnership's final prospectus is filed no later than November 3, 2012.

Yours very truly,