Applicable Law

This web site is controlled and operated by the Ontario Financing Authority (the "OFA") from its offices within the Province of Ontario, Canada. The terms and conditions upon which users may access and use this web site (set out below) will be governed by the laws of Ontario and the laws of Canada applicable in Ontario. In no event shall any access to this web site obtained from any location be construed as an express or implied submission to, or waiver or any immunity from, the jurisdiction of the courts or regulatory authorities of that location by the OFA or the Province of Ontario.

Restrictions on Access to this Web Site From Outside Ontario

The OFA makes no representation that the information documents and materials outlined in this web site (collectively, the "Contents") are appropriate, or may be made available, for use in any location other than the Province of Ontario. Except as otherwise expressly provided herein, the OFA has not approved the Contents of this web site for distribution outside Ontario or authorized access to it from any jurisdiction other than the Province of Ontario if such access would be contrary to the applicable laws or regulations of that jurisdiction. Users from any jurisdiction outside the Province of Ontario, assume full responsibility for complying with the applicable laws and regulations in that jurisdiction.

No Offer or Solicitation Regarding Securities

This web site includes Contents relating to, from, or referenced in, the offering documentation relating to certain securities which have been, or may be in the future, issued or guaranteed by the Province of Ontario or the OFA (collectively, "Ontario Securities"). Any such Contents are provided for general information purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any Ontario Security in any jurisdiction. The OFA does not intend to solicit and is not soliciting, any action with respect to any Ontario Security or any other contractual relationship with the Province of Ontario or the OFA through this web site. The Contents of this web site have not been approved or disapproved by any securities regulatory authority in Canada or any other jurisdiction and are neither sufficient for, nor intended by the OFA to be used in connection with, any decision relating to the purchase or sale of any existing or future Ontario Security. Investors considering the purchase or sale of an Ontario Security should consult their own financial and legal advisors. The OFA expressly disclaims any duty on the OFA or the Province of Ontario to make disclosure or any filings with any securities commission or regulatory authority, beyond that imposed by applicable laws.

Contents are provided for general informational purposes only and do not constitute an offering of securities in the United States or elsewhere. Our securities may not be offered for sale in the United States absent registration or an exemption from registration. Any public offering of our securities in the United States will be made by means of a prospectus that may be obtained from us and that will contain detailed information about us and our management as well as our financial statements.

Forward Looking Statements

Statements on this web site may be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve uncertainties, risks, and other factors which could cause the state of Ontario's economy to differ materially from the forecasts and economic outlook contained expressly or implicitly in such statements. The Province of Ontario undertakes no obligation to update forward-looking statements to reflect new information, future events or otherwise, except as may be required under applicable securities laws and regulations.

No Warranties, Exclusion of Liability

The OFA may make changes to or update this web site or its Contents at any time without notice. All links to any other web site take you to web sites not maintained by the OFA (collectively, "Third Party Sites") which do not form part of this web site and which are provided for information purposes only. Any link to a Third Party Site does not mean that the OFA endorses or accepts any responsibility for the content, or the use, of any such Third Party Site. The OFA does not guarantee or warrant that the Contents of this web site, any link or the contents of any Third Party Site are accurate, complete, up-to-date or free of errors, viruses, or other items of any kind that are of a destructive nature or that access to this web site or any Third Party Site will be uninterrupted or free from delay. Users of this web site should understand that all Contents have been electronically converted from the media in which originals were produced and do not constitute official government documents. The OFA makes no warranty in relation to the accuracy or completeness of the conversion process.

THE OFA ASSUMES NO RESPONSIBILITY FOR ERRORS OR OMISSIONS IN ANY CONTENTS, INCLUDING CONTENTS THAT ARE REFERENCED BY OR LINKED TO ANY OTHER CONTENTS OR LINKS TO, OR CONTENTS OF, THIRD PARTY SITES. THE OFA MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER FOR THE CONTENTS OF THIS WEB SITE OR FOR LINKS OR FOR THE CONTENTS OF ANY THIRD PARTY SITE. THE OFA DISCLAIMS ANY EXPRESS OR IMPLIED WARRANTIES RELATED TO THE USE OF THIS WEB SITE (INCLUDING ALL CONTENTS) ANY LINK OR THE CONTENTS OF ANY THIRD PARTY SITE, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF NON-INFRINGEMENT, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL ANY OF THE OFA, THE PROVINCE OF ONTARIO OR THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, SERVANTS OR AGENTS BE LIABLE FOR ANY FAILURE TO KEEP THE CONTENTS UP TO DATE OR FOR ERRORS OR OMISSIONS CONTAINED HEREIN OR IN ANY LINK OR THIRD PARTY SITE OR FOR ANY DAMAGES (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION, OR DIRECT, INDIRECT, INCIDENTAL, SPECIAL CONSEQUENTIAL OR PUNITIVE DAMAGES), WHATSOEVER ARISING OUT OF OR RELATED TO THE USE OF OR INABILITY TO USE THIS WEB SITE (INCLUDING ALL CONTENTS), ANY LINK OR ANY THIRD PARTY SITE, WHETHER UNDER CONTRACT, IN TORT OR UNDER ANY OTHER BASIS OF LIABILITY, EVEN IF THE OFA IS AWARE OF THE POSSIBILITY OF SUCH DAMAGES.

RESERVATION OF RIGHTS

The Contents of this web site (including, without limitation, the graphics, icons, and overall appearance of this web site) are the property of the OFA. The OFA does not waive any of its proprietary rights therein including, but not limited to, copyrights, trademarks and other intellectual property rights. No user of this web site may sell, republish, print, download, copy, reproduce, modify, upload, post, transmit or distribute in any way any portion of this web site or its Contents without the prior written consent of the OFA, except for reasonable printing, downloading and copying for the private information of the user. The availability of any of the Contents of this web site shall under no circumstance constitute a transfer of any copyrights, trademarks or other intellectual property rights of the OFA to any user of this web site or any third party. This web site and the Contents are protected by Canadian and International copyright laws, both as individual works and as a compilation.

USE OF THIS WEB SITE MEANS ACCEPTANCE OF THE ABOVE TERMS.