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                                                                     EXHIBIT 4.9

                      GUARANTEE AND POSTPONEMENT OF CLAIM

TO:  FIRST ONTARIO LABOUR SPONSORED INVESTMENT FUND LTD.

FOR VALUABLE CONSIDERATION, the undersigned, DAVID A.  COLLINS  (herein
referred to as "Collins"), to the extent permitted by applicable law, hereby
guarantees payment to FIRST ONTARIO LABOUR SPONSORED INVESTMENT FUND LTD.
(hereinafter referred to as the "Lender"), forthwith after demand as
hereinafter provided for all of the liabilities which STRIKER PAPER CANADA,
INC. (herein referred to as "Striker") has incurred or is under or may incur or
be under to the Lender pursuant to:

(a)  a certain subordinated loan agreement dated March 20, 1998 made between
     Striker and the Lender as the same may be amended, modified or
     supplemented from time to time (the "Subordinated Loan Agreement"); and

(b)  a certain shareholders agreement dated March 20, 1998 made between Striker
     Industries, Inc. the Lender and Striker as the same may be amended,
     modified or supplemented from time to time (the "Shareholders Agreement"),

provided an Event of Default (as defined in the Subordinated Loan Agreement) or
a Major Default (as defined in the Shareholders Agreement") has occurred and
shall be continuing at the time of demand.

The Subordinated Agreements and the Shareholders Agreement are hereinafter
collectively referred to herein as the "Agreements".

The liability of Collins hereunder shall be limited to the sum of Seventy-Five
Thousand Dollars ($75,000.00) in lawful money of Canada together with interest
on the said sum at the rate of 20% per annum calculated semi-annually not in
advance commencing upon demand for payment hereunder by the Lender until the
amount demanded shall be paid in full.

And Collins agrees:

1.   EXTENSIONS & INDULGENCES DO NOT RELEASE.  That the Lender may grant
extensions of time or other indulgences, take and give up securities, accept
compositions, grant releases and discharges and otherwise deal with Striker and
the other parties and securities as the Lender may see fit, and may apply all
moneys received from Striker or others, or from securities, upon such part of
Striker's liability pursuant to the Agreements as it may think best, without
prejudice to or in any way limiting or lessening the liability of Collins under
this guarantee.

2.   LENDER NOT BOUND TO EXHAUST RECOURSE.  That the Lender shall not be bound
to exhaust its recourse against Striker or other parties or the securities it
may hold before being entitled to payment from Collins under this guarantee.

3.   LOSS DOES NOT DISCHARGE.  That any loss of or in respect of securities
received by the Lender from Striker or any other person, whether occasioned
through the fault of the Lender or otherwise, shall not discharge pro tanto or
limit or lessen the liability of Collins under this guarantee.

4.   A CONTINUING GUARANTEE.  This shall be a continuing guarantee and shall
cover present liabilities (if any) of Striker to the Lender and all liabilities
incurred after the date hereof pursuant to the Agreements
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and shall apply to and secure any ultimate balance due or remaining due to the
Lender pursuant to the Agreements and shall be binding as a continuing security
on Collins.

5.   NAME CHANGES DO NOT RELEASE.  That any change or changes in the name of
Striker, shall not affect or in any way limit or lessen the liability of
Collins hereunder and this guarantee shall extend to the person, firm or
corporation acquiring or from time to time carrying on the business of Striker.

6.   LIABILITIES OF AGREEMENTS INCLUDED.  All moneys, advances, renewals and
credits in fact borrowed or obtained from the Lender under the terms of the
Agreements shall comprise the liabilities hereby guaranteed notwithstanding any
incapacity, disability or lack or limitation of status or of power of Striker
or of the directors, partners or agents thereof, or that Striker may not be a
legal entity, or any irregularity, defect or informality in the borrowing or
obtaining of such moneys, advances, renewals or credits; and any amount which
may not be recoverable from Collins on the footing of a guarantee shall be
recoverable from Collins as principal debtor in respect thereof and shall be
paid to the Lender after demand therefor as hereinafter provided.

7.   SETTLED ACCOUNTS CONCLUSIVE.  That any account settled or stated by or
between the Lender and Striker shall be accepted by Collins as conclusive
evidence that the balance or amount thereby appearing due by Striker to the
Lender is so due.

8.   NO RELEASE UNTIL CONTINGENCIES RESOLVED.  That should the Lender receive
from Collins a payment or payments in full or on account of the liability under
this guarantee, Collins shall not be entitled to claim repayment against
Striker or Striker's estate until the Lender's claims against Striker pursuant
to the Agreements have been paid in full; and in case of liquidation, winding
up or bankruptcy of Striker (whether voluntary or compulsory) or in the event
that Striker shall make a bulk sale of any of Striker's assets within the bulk
transfer provisions of any applicable legislation or any composition with
creditors or scheme of arrangement, the Lender shall have the right to rank for
its full claim and receive all dividends or other payments in respect thereof
until its claim has been paid in full and Collins shall continue liable, up to
the amount guaranteed, less any payments made by Collins, for any balance which
may be owing to the Lender by Striker; and in the event of the valuation by the
Lender of any of its securities and/or retention thereof by the Lender, such
valuation and/or retention shall not, as between the Lender and Collins, be
considered as a purchase of such securities, or as payment or satisfaction or
reduction of Striker's liabilities to the Lender, or any part thereof.

9.   PAYMENT DUE ON DEMAND.  That Collins shall make payment to the Lender of
the amount of the liability of Collins forthwith after demand therefor is made
in writing and such demand shall be conclusively deemed to have been
effectually made when an envelope containing it addressed to Collins at the
last address of Collins known to the Lender is deposited, postage prepaid and
registered, in the post office.

10.  ALL RIGHTS HEREIN IN ADDITION TO OTHER RIGHTS.  This instrument is in
addition and without prejudice to any securities of any kind (including without
limitation guarantees and postponement agreements whether or not in the same
form as this instrument) now or hereafter held by the Lender.

11.  FORECLOSURE.  For greater certainty, foreclosure by the Lender with
respect to a certain share pledge and proxy arrangement agreement dated March
20, 1998 between the Lender and Striker Holdings (Canada) Inc. shall extinguish
this guarantee and release Collins.
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12.  ENTIRE AGREEMENT.  There are no representations, collateral agreements or
conditions with respect to this instrument or affecting Collins's liability
hereunder other than as contained herein or in the Release Agreement which is
attached as Schedule A to this Guarantee.

13.  APPLICABLE LAW.  This instrument shall be construed in accordance with the
laws of the Province of Ontario and Collins agrees that any legal suit, action
or proceeding arising out of or relating to this instrument may be instituted
in the courts of such province, and Collins hereby accepts and irrevocably
submits to the jurisdiction of such courts and acknowledges their competence
and agrees to be bound by any judgment thereof; provided that nothing herein
shall limit the Lender's right to bring proceedings against Collins elsewhere.

14.  BENEFIT & BINDING.  This instrument shall extend to and enure to the
benefit of the successors and assigns of the Lender, and shall be binding upon
Collins and the heirs, executors, administrators, personal representatives,
successors and assigns of Collins.

15.  RECEIPT OF COPY ACKNOWLEDGED.  The undersigned hereby acknowledges receipt
of a true copy of this instrument.

GIVEN under seal at Toronto, this 20th day of March, 1998.


WITNESS:                       )
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Name:                                           DAVID A.  COLLINS




May 18, 1998

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                                   SCHEDULE A

                               RELEASE AGREEMENT

TO:  DAVID A.  COLLINS

Reference is made to a certain guarantee of the obligations of STRIKER PAPER
CANADA, INC.  ("Striker") made by you in favour of the undersigned, FIRST
ONTARIO LABOUR SPONSORED INVESTMENT FUND LTD.  ("First Ontario") and dated
March 20, 1998 (the "Guarantee").

Reference is also made to:

(a)  a certain loan agreement dated March 20, 1998 made between Striker and the
     First Ontario as the same may be amended, modified or supplemented from
     time to time (the "Subordinated Loan Agreement"); and

(b)  a certain shareholders agreement dated March 20, 1998 made between Striker
     Industries, Inc. First Ontario and Striker as the same may be amended,
     modified or supplemented from time to time (the "Shareholders Agreement")

The undersigned has agreed to release you from your obligations with respect to
the Guarantee if you perform the following consulting services in the event of
a Triggering Event as follows:

1.   For purposes of this agreement:

(a)  "First Ontario" shall mean, First Ontario Labour Sponsored Investment Fund
     Ltd.  and its agents.

(b)  "Triggering Event" will be any one of the following events:

     (a)      the insolvency of Striker;

     (b)      the appointment of a receiver-manager or receiver over all or
              substantially all of the property of Striker; or

     (c)      the occurrence of a Major Default (as such term is defined in the
              Shareholders Agreement).

2.   In the event of a Triggering Event, you will act as a consultant to First
Ontario for such period as First Ontario may require, not exceeding six months
commencing promptly following First Ontario's written request.  Your duties
will be to assist in the
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interim operation of Striker business and to assist First Ontario in seeking a
purchaser for Striker business whether in whole or in part.

3.   Your engagement as a consultant will be on a basis of two weeks per month
in respect of time and attention.  You will be an independent contractor and
not an employee or agent of First Ontario.

4.   Unless First Ontario shall otherwise agree, your consulting services will
be rendered at Striker  Thorold facility or at the offices of First Ontario or
Crosbie & Co.  in the City of Toronto, Ontario.

5.   During the term of your consulting engagement, First Ontario will pay you
the sum of  US1,000 dollars per month on a gross basis plus your pre-approved
reasonable travel and accommodation costs necessarily incurred in connection
with carrying out your duties hereunder.

6.   You will at all times during your engagement as a consultant and
thereafter, hold confidential all matters relating to your engagement as a
consultant as herein contemplated which were not otherwise known by you in your
prior capacity as an officer of Striker Industries, Inc. or Striker.

Upon completion of your consulting duties as herein contemplated, First Ontario
shall release the Guarantee and provide you with written confirmation of the
said release.




May 18, 1998