Permanant Cease and Desist Order Against Rockval Holding Corporation, East Bonding Canada Corporation and Claude Vallée

REGARDING the Insurance Act, R.S.O. 1990, c. I.8, as amended, (the "Act") in particular section 441

AND REGARDING a Notice of Cease and Desist Order against Rockval Holding Corporation, East Bonding Canada Corporation and Claude Vallée

AND REGARDING an Interim Cease and Desist Order against Rockval Holding Corporation, East Bonding Canada Corporation and Claude Vallée

PERMANENT CEASE AND DESIST ORDER

Section 441(2) of the Act provides that where the Superintendent is of the opinion that a person has committed or is committing any act, or has pursued or is pursuing any course of conduct, that is an unfair or deceptive act or practice, or might reasonably be expected to result in a state of affairs that would constitute an unfair or deceptive act or practice, the Superintendent may give notice in writing of his intention to order any person to cease or refrain from doing any act or pursuing any course of conduct identified by the Superintendent or to perform such acts that, in the opinion of the Superintendent, are necessary to remedy the situation. Within 15 days of receiving the notice, a person may request in writing that the Financial Services Tribunal hold a hearing before the Superintendent takes any action described in the notice.

Section 441(4) of the Act provides that if the Superintendent is of the opinion that the interests of the public may be adversely affected by any delay in the issuance of the order, the Superintendent may, without prior notice, make an interim order which takes effect immediately and which shall become permanent on the 15th day after its making unless within that time a hearing is requested.

On July 17, 2006, the Superintendent issued a Notice under section 441(2) and an Interim Cease and Desist Order under section 441(4) of the Act against Rockval Holding Corporation ("Rockval"), East Bonding Canada Corporation ("East Bonding") and Claude Vallée. No request for a hearing was made within 15 days and in accordance with section 441(4) of the Act, the Interim Cease and Desist Order became permanent on August 1, 2006.

THE SUPERINTENDENT CONFIRMS THAT the Interim Cease and Desist Order dated July 17, 2006, (attached) is a permanent Cease and Desist Order.

ISSUED AT the City of Toronto, this 1st day of September, 2006.

______________________________
Robert Christie
Superintendent of Financial Services

TO:

Claude Vallée
c/o Rockval Holding Corporation
2603 de la Faune
Saint-Émile (Québec) G3E 1J4

AND TO:

Rockval Holding Corporation
c/o 2603 de la Faune
Saint-Émile (Québec) G3E 1J4

AND TO:

East Bonding Canada Corporation
c/o 2603 de la Faune
Saint-Émile (Québec) G3E 1J4