La Jolla Cove Limited Partnership - s. 83

Headnote

Issuer meets the requirements set out in OSC Staff Notice 12-703 -- issuer deemed to have ceased to be a reporting issuer.

Ontario Statutes

Securities Act, R.S.O. 1990, c. S.5, as am., s. 83.

March 2, 2006

Attention: Mr. Lewis Martin, President

Dear Sir:

We are applying to the Ontario Securities Commission as Applicant for an order under section 83 of the Act and consistent with Ontario Securities Commission Staff Notice 12-703, that the Applicant is deemed to have ceased to be a reporting issuer.

As the Applicant has represented to the Commission that:

• The outstanding securities of the Applicant, including debt securities are beneficially owned, directly or indirectly, by less than 15 security holders in Ontario and less than 51 security holders in Canada;

• No securities of the Applicant are traded on a marketplace as defined in National Instrument 21-101;

• The Applicant is not in default of any of its obligations under the Act as a reporting issuer; and

• The Applicant will not be a reporting issuer or the equivalent in any jurisdiction in Canada immediately following the Director granting the relief requested.

The Director is satisfied that it would not be prejudicial to the public interest to grant the requested relief and orders that the Applicant us deemed to have ceased to be a reporting issuer.