BeaconEye Inc. — M&A Activity 1998

Mar 18, 1998

Form 42

REPORT OF TAKE-OVER BID, ISSUER BID OR APPLICATION UNDER CLAUSE 104(2)(C) OF THE ACT (SUBSECTION 203.1(1) OF THE REGULATION)

Securities Act

1. Name and address of offeree issuer:

BeaconEye Inc.

Suite 700

3 Robert Speck Parkway

Mississauga, Ontario

L4Z 2G5

1. Name and address of offeror:

TLC The Laser Center Inc.

5600 Explorer Drive

Suite 301

Mississauga, Ontario

L4W 4Y2

1. What is the designation of the class(es) of securities that are subject to the bid? (Include the CUSIP number.)

Common Shares (CUSIP number 073923 10 4)

1. What is the date of the bid?

March 18, 1998

1. What is the maximum number of securities sought by the offeror for each class of securities subject to the bid?

10,903,760 Common Shares

1. What is the value, expressed in Canadian dollars, of the consideration offered per security for each class of securities subject to the bid?

$1.50 per Common Share, to be satisfied with common shares of TLC The Laser Center Inc.

1. What is the number of securities of each class subject to the bid, excluding the offeror’s securities, that are held by security holders whose last address as shown on the books of the offeree issuer is in Ontario?

9,376,981 Common Shares

1. What is the fee payable in respect of the bid, as calculated under subsection 32(1) of Schedule 1?

$2,813.09

1. The information given in this report is true and complete.

Date: March 18, 1998

TLC THE LASER CENTER INC.

By: John Riegert
Secretary