No securities regulatory authority has expressed an opinion about these securities and it is an offence

No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. This short form prospectus constitutes a public offering of these securities only in those jurisdictions where they may be lawfully offered for sale and therein only by persons permitted to sell such securities. Information has been incorporated by reference into this short form prospectus from documents filed with securities commissions or similar authorities in Canada. Copies of the documents incorporated herein by reference may be obtained on request, without charge, from the Corporate Secretary of Tree Island Wire Income Fund at 3933 Boundary Road, Richmond, B.C., V6V 1T8, telephone (604) 524-3744 and are available electronically at www.sedar.com. Short Form Prospectus Rights Offering December 17, 2009 TREE ISLAND WIRE INCOME FUND Offering of Rights to Subscribe for Up to $10,000,000 Aggregate Principal Amount of 10% Second Lien Convertible Debentures This short form prospectus covers the issuance (the "Offering") by Tree Island Wire Income Fund (the "Fund") to the holders of its outstanding units (the "Units") of record (the "Unitholders") on December 30, 2009 (the "Record Date") of one right (a "Right") for each Unit held. For every 221.12489 Rights held, a holder of Rights is entitled (the "Basic Subscription Right") (provided that such holder is in an Eligible Jurisdiction, as defined below, or is an Approved ...