Thomas Weisel Partners Canada Inc.
Policy on Privacy of Customer Information

Introduction
Thomas Weisel Partners Canada is committed to protecting the privacy and security of your personal information obtained from you for the purpose of opening and maintaining an account at Thomas Weisel Partners Canada. Thomas Weisel Partners Canada does not sell or rent this information or provide it to any person or party who does not need it in order to provide you with investment services. Thomas Weisel Partners Canada takes all reasonable steps to ensure the security of your personal information, like the use of locked filing cabinets, computer passwords, and limiting access to your personal information to only those employees and parties who need it in order to conduct our business.

This policy explains the types of personal information we collect, how it is used, who we share it with, and the steps we take to ensure your privacy.

What Personal Information does Thomas Weisel Partners Canada Collect?
Industry "Know Your Client" rules require that Thomas Weisel Partners Canada upon opening an account with you, collect the following private information: your date of birth, income, financial assets, financial obligations, your employment, your investment knowledge, financial goals and Social Insurance Number. It also requires much of the same information for your spouse. Your Investment Advisor and Thomas Weisel Partners Canada use this information to ensure that we make suitable investment recommendations to meet your investment goals. Personal information is also used to verify your identity in compliance with the Federal Government's Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Thomas Weisel Partners Canada only collects the minimum private information required under securities laws and industry rules.

Your Information is Obtained and Used Only With Your Consent
Under the Federal Government Personal Information and Electronic Documents Act (PIPEDA), you have the right not to provide Thomas Weisel Partners Canada with personal information; however, Thomas Weisel Partners Canada will be unable to comply with securities laws and rules and the Federal Government's Proceeds of Crime (Money Laundering) and Terrorist Financing Act, hence, we will be unable to open or maintain an account with you.

As of January 1, 2004, Thomas Weisel Partners Canada will require all new clients to provide written consent to collect and use their personal information. Consent for clients who opened accounts prior to January 2004 will be obtained orally when we next speak with them.

Who Thomas Weisel Partners Canada Shares Your Personal Information With
Thomas Weisel Partners Canada is an introducing broker of NBCN/National Bank Financial Inc. (NBCN). NBCN provides back-office and record-keeping services to Thomas Weisel Partners Canada, and Thomas Weisel Partners Canada client accounts are held on the books of NBCN. Thomas Weisel Partners Canada has appropriate privacy agreements in place with NBCN. Thomas Weisel Partners Canada is also required to share your personal information upon written request with various government agencies, Securities Commissions and industry Self Regulatory Organizations, such as the Investment Dealers Association of Canada, Market Regulation Services, the Mutual Fund Dealers Association of Canada, Bourse de Montreal and the Canadian Investor Protection Fund. These entities use this information for regulatory and market surveillance purposes. In addition, Thomas Weisel Partners Canada will provide personal information on our clients if provided with a court order requiring this information.

How Long Do We Keep This Information
Industry rules require that Thomas Weisel Partners Canada keep and update personal information on all of our clients for the life of the relationship and up to seven years after the account is closed.

Your Rights Under the Privacy Act
You have a right under PIPEDA to access the private information that Thomas Weisel Partners Canada collects and keeps on you. You can review this information by contacting one of the following people who, after confirming your identity, will provide you with copies within 30 days. Thomas Weisel Partners Canada may charge you for fees we paid and reasonable costs that we incurred to retrieve this information.

Privacy Officer: Keith Harris, Chief Financial Officer +1 416.815.3070

Under the Privacy Act, you also have the right to request that Thomas Weisel Partners Canada update or correct this information. Thomas Weisel Partners Canada will generally be happy to do this, but we have the right to refuse your request if we feel it would create inaccuracies in our records.

For more information on Thomas Weisel Partners Canada Privacy Policy, please contact Keith Harris, Chief Financial Officer.