Notice of Withdrawal: In the Matter of Nest Acquisitions and Mergers et al.

Notice of Withdrawal

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, as amended

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IN THE MATTER OF NEST ACQUISITIONS AND MERGERS,
IMG INTERNATIONAL INC., CAROLINE MYRIAM FRAYSSIGNES,
DAVID PELCOWITZ, MICHAEL SMITH, and
ROBERT PATRICK ZUK
NOTICE OF WITHDRAWAL

WHEREAS on January 18, 2010, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 37, 127, and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended, to consider whether it is in the public interest to make orders, as specified therein, in respect of Nest Acquisitions and Mergers, IMG International Inc., Caroline Myriam Frayssignes (“Frayssignes”), David Pelcowitz, Michael Smith and Robert Patrick Zuk. The Notice of Hearing was issued in connection with the allegations as set out in the Statement of Allegations of Staff of the Commission ("Staff") dated January 18, 2010 (the “Statement of Allegations”).

TAKE NOTICE that Staff hereby withdraw the allegations in the Statement of Allegations solely with respect to Frayssignes.

December 6, 2012

Staff of the Ontario Securities Commission
20 Queen Street West
PO Box 55, 19th Floor
Toronto, ON M5H 3S8