Meeting of Directors - March 30, 2012

Resolution to conduct a portion of the meeting in the absence of the public (Committee of the Whole) in accordance with Section 29 of the TTC By-Law to Govern Commission Proceedings and Section 190 of the City of Toronto Act

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Requests to speak must be registered by 12:00 Noon of the business day preceding meeting day.

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• Allotment and Issuance of Shares to New Directors
• Special Resolution - Election of Chair and Vice Chair

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A correspondence summary will be distributed at the meeting.

P. Milczyn (Director - TTCICL), K. Stintz, M. Augimeri, J. Colle, G. De Baeremaeker, R. Cho (TTC Commissioners), V. Rodo (President), M.A. Roche (Treasurer), B.M. Leck (General Counsel), A. Byford, S. Ghaly, D. Dixon, M. Ferreira and K. Lee were present.

V. Rodo was in the Chair.

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1. Reports with Confidential Attachments (Committee Of The Whole)

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2. Presentations

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3. Other Business

(a) Allotment and Issuance of Shares

There were two new Directors appointed to the Board, K. Stintz and J. Parker.  As such five (5) Common Shares in the capital stock of the Company were issued to each of the new Directors.

(b) Special Resolution – Election of Chair and Vice Chair

The Board of Directors appointed the following as Chair and Vice Chair:

• Chair - P. Milczyn
• Vice Chair - J. Parker

4. New Business

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5. Correspondence

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The meeting adjourned at 11:40 a.m.