BE IT ENACTED as By-Law No. 6 (being a By-Law respecting Directors and Officers liability insurance) of CARLETON CONDOMINIUM CORPORATION NO. 74 (hereinafter referred to as the "Corporation") as follows:

---

ARTICLE I
DEFINITIONS

All words used herein which are defined in the Condominium Act, R.S.O. 1990, c. C-26, or any successor ("the Act") shall have ascribed to them the meanings set out in the Act as amended from time to time.

---

ARTICLE II
DIRECTORS AND OFFICERS LIABILITY INSURANCE

The Corporation shall obtain and maintain Directors and Officers liability insurance, having coverage not less than the Corporation's general liability insurance, but otherwise on terms acceptable to the Board, subject to the following:

(a) The Corporation's manager, if not insured under the policy as a Director or Officer, shall be a named insured in the policy (if reasonably possible);

(b) The policy shall provide for coverage on a full claims-made basis, (covering any claims made during the term of the policy arising out of any "wrongful act" since the registration of the Corporation on February 13, 1976). The policy shall therefore provide insurance protection for the actions of all past and present Directors and Officers of the Corporation;

(c) The policy shall provide coverage on identical terms to all past and present Directors and Officers of the Corporation and they all shall be insureds under the policy. Without limiting the generality of the foregoing, the policy shall contain no exclusions which apply only to certain past or present Directors and Officers of the Corporation, and therefore not to all Past or present Directors of the Corporation;

(d) The Corporation shall be an insured under the policy, and the coverage shall extend to any claims under the policy for which the Corporation may be required to afford indemnity under the provisions of the Condominium Act and/or the Corporation's By-Laws;

(e) The policy shall not exclude coverage for claims asserted by the Corporation;

(f) A copy of this By-Law shall be provided to the Directors and Officers liability insurer and shall be attached to any application for Directors and Officers liability insurance.

---

ARTICLE III
MISCELLANEOUS

(1) Invalidity: The invalidity of any part of this By-Law shall not impair or affect in any manner the validity and enforceability or effect of the balance thereof.

(2) Gender: The use of the masculine gender in this By-Law shall be deemed to include the feminine and neuter genders and the use of the singular shall be deemed to include plural wherever the context so requires, and vice versa.

(3) Waiver: No restriction, condition, obligation or provision contained in this By-Law shall be deemed to have been abrogated or waived by reason of any failure to enforce the same irrespective of the number of violations or breaches thereof which may occur.

(4) Headings: The headings in the body of this By-Law form no part thereof but shall be deemed to be inserted for convenience of reference only.

(5) Alterations: This By-Law or any part thereof may be varied, altered or repealed by a By-Law passed in accordance with the provisions of the Act, and the Declaration.

---

The foregoing By-Law is hereby passed by the Directors and confirmed by the owners pursuant to the Condominium Act of Ontario.

DATED this 31st day of May, 1995.

(Edith E. Moore)

_________________________
Secretary

I have authority to bind the Corporation

---

CERTIFICATE (By-Law No. 6)

CARLETON CONDOMINIUM CORPORATION NO. 74 hereby certifies that the By-Law No. 6 attached hereto was made in accordance with the Condominium Act, being Chapter C.26 of the Revised Statutes of Ontario, 1990 and any amendments thereto, the Declaration and By-Laws of the Corporation, and that the said By-Law No. 6 has not been amended and is in full force and effect

DATED at the City of Ottawa, Province of Ontario this 17th day of June. 1995.

CARLETON CONDOMINIUM CORPORATION NO. 74

Per ______________________________
Secretary (Seal)