Document:

Exhibit 10.9

    WHOLESALE
      AGREEMENT MADE AND ENTERED INTO IN THE CITY OF MONTREAL, PROVINCE OF QUÉBEC WITH
      AN EFFECTIVE DATE OF 

    _____________________________

    

      
        	
                BY
                  AND BETWEEN:

              	
                
                  TÉLIPHONE
                    INC., a
                    body politic and corporate, duly incorporated according to law,
                    having a
                    place of business at 1080 Côte du Beaver Hall, suite 1555, Montreal,
                    Quebec, H2Z 1S8, herein represented by George
                    Metrakos,
                    President, duly authorized as he so declares, 

                

              
	 	 
	 	
                hereinafter
                  referred to as “TÉLIPHONE”

              
	 	 
	
                AND:

              	
                
                  9151-4877
                    Quebec Inc., also known as “Dialek Telecom”., a
                    body politic and corporate duly incorporated according to law,
                    having a
                    place of business at 6 Wellington Sud, suite 302, Sherbrooke,
                    QC, Canada
                    J1H 5C7, herein represented by Lukas
                    Dufault, President,
                    duly authorized as he so declares, 

                

              
	 	 
	 	
                hereinafter
                  referred to as “Wholesaler”

              
	 	 

      

    

    

    PREAMBLE
      

    

    

    WHEREAS
      Téliphone
      is in the business of providing Voice Over Internet Protocol (VoIP) service
      such
      that telephone communications may be effected through the use of wireless or
      wired high speed Internet and is an importer of the hardware devices required
      for delivery of the service (the “Product”)

    

    WHEREAS
      Wholesaler
      wishes to obtain the right to distribute a White Label VoIP version of the
      Product known as “Dialek” (“White
      Label Product”)
      throughout Canada and the United States (the“Territory”)
      on the
      terms and subject to the conditions herein contained.

    

    Whereas
      the parties wish to set forth their rights and obligations pertaining to the
      right of distribution of the White Label Product in the Territory and have
      agreed to cause the product to be marketed in conformity with the terms and
      conditions as provided herein;

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    WHEREFORE
      THE PARTIES HERETO HAVE AGREED AS FOLLOWS:

    

    1. The
      Preamble hereinabove stated shall form an integral part of the present Agreement
      as if recited herein at length; 

    

    2. Definitions

    

    2.1.
      END
      USER: These
      are
      members of the public who elect to gain access to a device for telephone
      communication through the use of VoIP who are charged for the use of the
      product;

    

    2.2.
      RECURRING REVENUES: This is the revenue being received by the Wholesaler from
      their White Label Subscriber payable to the Wholesaler based on the services
      purchased from Wholesaler.

    

    2.3.
      RECURRING COSTS: This is the cost being paid to Teliphone by wholesaler based
      on
      the services purchased from Wholesaler by their White Label
      Subscribers.

    

    2.4.
      RE-SELLER: a Re-Seller is a company or individual who will sell the White Label
      Product in The Territory pursuant to authorization emanating from the
      Wholesaler.

    

    2.5.
      RETAIL OUTLETS: Means a commercial place of business selling electronic,
      computer, telecommunications and related accessories and services with permanent
      retail store frontage serving commercial enterprises and the consumer public
      whose purposes is to invite the general public to enter their premises in order
      to demonstrate and offer for sale products and services such that the Product
      and the White Label Product may be promoted in the Territory.

    

    2.6.
      SERVICES: Services include but is not limited to the following items that can
      be
      purchased by the White Label Subscriber in order to make and receive calls
      from
      the various White Label Products:

    
      	·  	
              Monthly
                Single Point of Contact (SPC)
                services

            

    

    
      	·  	
              Monthly
                Basic VoIP calling services

            

    

    
      	·  	
              Monthly
                Unlimited VoIP long distance calling
                packages

            

    

    
      	·  	
              Monthly
                Limited VoIP long distance calling
                packages

            

    

    
      	·  	
              Long
                distance calling on a per minute charge
                basis

            

    

    
      	·  	
              Monthly
                Cellular phone (iPCS) local air time calling
                services

            

    

    
      	·  	
              Additional
                local air time calling services on a per minute
                basis

            

    

    
      	·  	
              Cellular
                phone (iPCS) long distance air time calling
                services

            

    

     

     

    
      2

      
        

      

    

    
    

     

     

    2.7.
      SUB-TERRITORY: Shall mean a region as defined by its telephone area code located
      within the Territory.

     

    2.8.
      TERRITORY: Shall mean the countries of Canada and The United States of
      America.

     

    2.9.
      VoIP: Voice
      Over Internet Protocol consists of a form of voice communication through the
      use
      of high speed internet, wireless internet (wi-fi), router, gateway, portable
      and
      desktop communication devices

     

    2.10.
      WHITE LABEL BACK-OFFICE: means an internet portal supplied by Teliphone where
      White Label Product Subscribers may gain access to all of their private records
      through the use of internet, such records emanating from Teliphone’s central
      serving system which would allow Wholesaler to determine what amounts and or
      information to determine whatever information that they’re entitled to get
      within the agreements made with Teliphone.

     

    2.11.
      WHITE LABEL SUBSCRIBER: This is any End User of the White Label version of
      the
      Téliphone VoIP or Cellular service in good payment standing who elects to
      complete or receive a telephone call using a telephone device which is being
      made available by Wholesaler. 

    

    

    3.
      APPOINTMENT OF WHOLESALER

    

      3.1.
        Teliphone appoints the Wholesaler as a White Label Product Wholesaler in
        the
        Territory upon the terms and conditions herein set out and Wholesaler hereby
        accepts such appointment.

      

      3.2.
        Wholesaler may promote and sell its White Label Product in The Territory
        to
        their existing client base. Wholesaler may also look to sell outside its
        existing client base. This is permissible provided that Wholesaler does not
        promote and sell its White Label Product through Retail Outlets without prior
        written consent of Teliphone whose consent will not be unreasonably withheld.
        Teliphone reserves the right to disallow Wholesaler to sell or promote its
        White
        Label Products to Retail Outlets should Teliphone feel that its presence
        may in
        any way negatively impact Teliphone’s own sales and promotional
        activities.

    4.
      DETAILS OF SALES ACTIVITIES WITHIN THE TERRITORY

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    4.1.
      Wholesaler acknowledges that on a prior date, Teliphone has entered into
      agreement with Distribution Car-Tel Inc. (“Car-Tel”) in order to provide VoIP
      services in the Territory to Business and Residential Clients and as a
      consequence thereof renounces to any claim or beneficial interest and or right
      with respect to any revenues derived from the activities of Teliphone and
      Car-Tel. 

    

    4.2.
      Wholesaler cannot sell their White Label Product in the Sub-Territory of the
      city of St-Hyacinthe, Province of Quebec through Retail Outlets until October
      1,
      2005.

    

    4.3.
      Wholesaler cannot sell their White Label Product in the Sub-Territory of the
      city of Laval, Province of Quebec to Business customers until November 1,
      2005.

    

    4.4.
      Wholesaler shall be granted the exclusive right to sell their White Label
      Product in the Sub-Territory of Sherbrooke, Quebec for a period of 6 months
      upon
      the signing of this agreement. This means that Teliphone will not promote its
      Teliphone brand of products and services in the Sub-Territory of Sherbrooke
      during this time.

    

    4.5.
      Wholesaler is entitled to sell their White Label Product to any Retail Outlets
      only within the Sub-Territory of Sherbrooke, Province of Quebec, Canada. This
      includes the geographic territory encompassing cities that are considered local
      to Sherbrooke, including the cities found in Schedule “A”. 

    

    4.6.
      Wholesaler may purchase all inventories of hardware devices for the White Label
      Product from Teliphone at Teliphone’s landed cost. Payment will be made as per
      the terms and conditions outlined in section 7. The current pricing of White
      Label Product hardware devices can be found in Schedule “A”. Consequently,
      Teliphone reserves the right to decline to accept any orders from Wholesaler
      if;

    

    a)
      if the
      credit worthiness of the Wholesaler is not considered to be appropriate,
      Teliphone reserving in its sole discretion to determine the appropriate credit
      credentials or;

    

    b)
      For
      any other commercial reason arising out of current market
      circumstances.

    

    4.7.
      Wholesaler reserves the right to purchase other hardware devices for its White
      Label product, upon written approval from Teliphone, once Teliphone has been
      provided a reasonable amount of time to fully evaluate said hardware.
      Teliphone’s consent for use of different hardware for Wholesaler’s White Label
      product will not be unreasonably withheld.

    

    5.
      RE-SELLERS / ASSIGNMENT

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    5.1.
      Teliphone hereby grants to the Wholesaler the right to appoint persons or
      companies as its Re-Sellers of the White Label Product, provided however that
      the appointment by the Wholesaler of one or more Re-Sellers shall not relieve
      the Wholesaler of its obligations hereunder. Teliphone shall be requested in
      writing for its consent for such appointment, which consent will not be
      unreasonably withheld. 

    

    6.
      REQUIRED TELIPHONE SUBSCRIBER SALES

    

    6.1.
      Wholesaler shall purchase directly from Teliphone the minimum quantities of
      the
      Product intended for Sherbrooke, Quebec and hereby warrants and represents
      that
      it shall cause sales to occur to Sherbrooke White Label Product Subscribers
      by
      achieving activations of Business Clients and or End Users of a White Label
      Product activation with the following minimum quantities provided
      for:

    

    
      	a)  	
              100
                by upon the signing of this
                agreement

            

    

    
      	b)  	
              500
                within 3 months of the signing of this
                agreement

            

    

    
      	c)  	
              1000
                within 5 months of the signing of this
                agreement

            

    

    

    6.2.
      Should Wholesaler not achieve activations of the required number of White Label
      Product Subscribers within the minimum quantities provided for in 6.1 above,
      the
      Wholesaler shall forfeit its right to the exclusivity of Sherbrooke, Quebec
      as
      outlined in 4.3. above.

    

    6.3.
      Teliphone agrees to provide the Wholesaler the product as ordered subject to
      the
      terms of this agreement and will use its best efforts to cause the Product
      to
      meet all End User and Business client requirements. 

    

    6.4.
      Wholesaler hereby warrants and represents that it hereby agrees to the pricing
      as set by Teliphone under schedule “C” which pricing may be modified from time
      to time at the sole discretion of Teliphone. 

    

    7.
      SHIPPING AND PAYMENT ARRANGEMENTS

    

    7.1.
      White Label Products will be shipped to one destination supplied by the
      Wholesaler upon receipt by Teliphone of the Wholesaler’s purchase order. The
      product shall be sold F.O.B. Teliphone’s warehouse.

    

    7.1.1.
      Terms of payment will pre-paid upon receipt of order.

    

    7.2.
      Teliphone will invoice Wholesaler for the number of activated accounts and
      their
      respective services at the end of each month payable upon receipt of invoice.
      Wholesaler will maintain a pre-paid bank for all long distance minutes used
      by
      their End Users, which Wholesaler shall monitor in order to ensure that there
      always remains a credit balance.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    8.
      RESPONSIBILITIES OF THE WHOLESALER

    

    The
      Wholesaler agrees that during the term of this Agreement, it shall:

    

    8.1.
      Comply and cause all its Re-Sellers or parties appointed by it to comply with
      all applicable laws in the Territory relating to the advertising, distribution
      and sale of Products and with the terms and conditions of this
      Agreement.

    

    8.2.
      Devote its best efforts to the performance of its obligations under this
      Agreement.

    

    8.3.
      Make
      every reasonable effort and use proper means to develop the market potential
      for
      trade in the White Label Product and actively solicit the activation by End
      Users.

    

    8.4.
      Teliphone shall provide Wholesaler with their White Label Product End User
      account access, through the transfer of all required user names and passwords
      such that Wholesaler can properly support its White Label Product End
      Users.

    

    9.
      TERM AND TERMINATION

     

    9.1
      TERM.
      This
      Agreement shall commence on the date hereinabove and remain in effect for an
      initial period of one (1) year from the effective date. This agreement shall
      automatically renew successive one-year terms, unless either party provides
      written notice to the other party not less than ninety (30) days prior to the
      end of the Initial Term, or end of successive renewal terms. In
      the
      case of dissolution of this contract, Wholesaler will be entitled to commissions
      on recurring revenues for as long as the White Label Subscriber that existed
      prior to the dissolution of this contract remains a client in good standing
      on a
      continuous basis of Teliphone.

    

    9.2
      TERMINATION BY EITHER
      PARTY. Either
      party (the “Non-Defaulting Party”) may terminate this Agreement by providing at
      least thirty (30) days prior written notice to the other party (the “Defaulting
      Party”) upon the occurrence of any of the following events:

    

    
      	 	
              (a)

            	
              the
                Defaulting Party is in default in the performance of any of its
                obligations under this Agreement or breaches any provision hereof
                and such
                default or breach continues after at least ten (10) following receipt
                of
                written notice of such default or breach from the Non-Defaulting
                Party to
                the Defaulting Party.

            

    

     

    
      	 	
              (b)

            	
              the
                conviction in any court of competent jurisdiction of either party
                or any
                employee, shareholder, director or officer of either party for any
                crime
                or violation of law if, such conviction is likely to adversely affect
                the
                operation or business of the other party or tend to be harmful to
                the
                goodwill or reputation of the other
                party.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

    

    
      	 	
              (c)

            	
              Any
                conduct or practice by either party, its directors, officers, employees
                or
                shareholders, which is injurious to the goodwill or reputation of
                the
                other party.

            

    

     

    
      	 	
              (d)

            	
              Either
                party commits, participates or acquiesces in any fraudulent or improper
                actions in regards to this agreement;

            

    

     

    10.
      CONFIDENTIALITY.

     

    10.1.
      "Confidential
      Information"
      means
      any business and technical information disclosed by either party to the other
      party, either directly or indirectly, in writing, orally or by inspection of
      tangible objects (including without limitation concepts, designs, documents,
      prototypes or samples), which is designated as "Confidential," "Proprietary"
      or
      some similar designation or is disclosed under circumstances which indicate
      its
      confidential nature. Confidential Information may also include third party
      confidential information. Confidential Information will not include any
      information which

    

    (i) was
      publicly known and made generally available in the public domain prior to the
      time of disclosure by the disclosing party;

    

    (ii) becomes
      publicly known and made generally available after disclosure by the disclosing
      party to the receiving party through no action or inaction of the receiving
      party;

    

    (iii) is
      already in the possession of the receiving party at the time of disclosure
      by
      the disclosing party as shown by the receiving party's files and records
      immediately prior to the time of disclosure;

    

    (iv) is
      obtained by the receiving party from a third party without a breach of such
      third party's obligations of confidentiality; or 

    

    (v) is
      independently developed by the receiving party without use of or reference
      to
      the disclosing party's Confidential Information, as shown by documents and
      other
      competent evidence in the receiving party's possession.

    

     

    10.2.
      Non-use and Nondisclosure.
      Each
      party agrees not to use any Confidential Information of the other party for
      any
      purpose except to perform its obligations or exercise its rights under this
      Agreement. Each party agrees not to disclose any Confidential Information of
      the
      other party to third parties or to such party's employees, except to those
      employees or consultants of the receiving party who are required to have the
      information. Nothing in this Section precludes either party from disclosing
      the
      other party’s Confidential Information as required by law or a legal
      process.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    10.3.
      Maintenance of Confidentiality.
      Each
      party agrees that it will take reasonable measures to protect the secrecy of
      and
      avoid disclosure and unauthorized use of the Confidential Information of the
      other party. Without limiting the foregoing, each party will take at least
      those
      measures that it takes to protect its own most highly confidential information
      and will ensure that its employees and independent contractors who have access
      to Confidential Information of the other party have signed a non-use and
      non-disclosure agreement in content similar to the provisions hereof. Each
      party
      will reproduce the other party's proprietary rights notices on any such approved
      copies, in the same manner in which such notices were set forth in or on the
      original.

    

    11.
      GENERAL AND CONCLUDING PROVISIONS

    

    11.1.
      This agreement shall ensure to the benefit of and be binding upon the parties
      hereto, and their respective heirs, legatees, executors, legal representatives,
      successors and assigns.

    

    11.2.
      This Agreement contains the entire agreement among the parties with respect
      to
      the transactions contemplated herein, and supersedes all prior negotiations,
      agreements and undertakings.

    

    11.3.
      This Agreement may be executed in two or more counterparts each
      of
      which shall be deemed an original and all of which together shall constitute
      one
      and the same Agreement. Faxed
      signatures of the parties shall be valid and binding, however, the parties
      hereto agree to provide the original of their signature to this Agreement to
      each of the other parties thereafter.

    

    11.4.
      All
      notices in connection with this Agreement shall be in writing and either
      hand-delivered or mailed by registered or certified mail and shall be sent
      to
      all of the parties hereto.  Any such notice shall be deemed to have
      been
      received on the earlier of the date of the hand-delivery or on the fifth (5th)
      business day following the date indicated on the proof of mailing. 
      The
      respective addresses for such notices are:

    

    Téliphone
      Inc 

    1080
      Côte
      du Beaver Hall, suite 1555 

    Montreal,
      Quebec H2Z 1S8

    Attention:
      George Metrakos 

    Telephone
      (514) 313-6010

    Fax
      (514)
      313-6001 

    E-mail:
      gmetrakos@teliphone.ca

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    Wholesaler

    9151-4877
      Quebec Inc., Dialek
      Telecom 

    6,
      Wellington Sud, suite 302

    Sherbrooke,
      Quebec J1G 5C7 

    Attention :
      Lukas Dufault

    Telephone
      (819) 340-1199

    Fax
      (819)
      340-1198

    E-mail :
      ldufault@dialektelecom.ca

    

    

    11.5.
      This Agreement shall be construed in accordance with the laws of the Province
      of
      Quebec and Canada.

    

    11.6.
      This Agreement may be amended only by written agreement duly executed by all
      parties hereto.

    

    11.7.
      The
      parties shall furnish and deliver from time to time such documents, and writings
      as may reasonably be required as necessary or desirable to complete this
      Agreement and to give effect to its provisions.

    

    11.8.
      The
      parties agree to do and cause to be done such acts, deeds, documents and/or
      corporate proceedings as maybe necessary or desirable to complete this
      Agreement, and to give effect to its provisions.

    

    11.9.
      In
      the event the majority control of the shares in Teliphone is sold to a third
      party and or in the event that the sale of the assets of Teliphone occurs,
      it is
      understood and agreed that the rights and obligations provided for the benefit
      of the Wholesaler under this agreement shall form the subject of a specific
      clause under such future agreements whereby the new controlling shareholders
      and
      or the purchaser of the assets assumes all financial obligations of Teliphone
      as
      provided for herein.

    

    11.10.
      The parties hereto have requested that the present Agreement be drafted in
      the
      English language. Les parties déclarent qu’ils ont requis que la présente
      entente soit rédigée dans la langue anglaise.

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    WHEREFORE
      THE PARTIES HERETO HAVE SIGNED WITH DATE EFFECTIVE ON THE DATE AND PLACE FIRST
      MENTIONED HEREINABOVE.

    

    

    TÉLIPHONE
      INC     Wholesaler:
      Dialek Telecom 

    

    per:       per:

     

    /s/
      George
      Metrakos                                                     
           /s/ Lukas DuFault

    _________________________      __________________________

    George
      Metrakos, President   Lukas
      Dufault, President

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    SCHEDULE
      “A” - Local cities to Sherbrooke, Quebec

    
      	
              Asbestos,
                QC

            
	
              Ayer's
                Cliff, QC

            
	
              Bishopton,
                QC

            
	
              Bromptonville,
                QC

            
	
              Bury,
                QC

            
	
              Chartierville,
                QC

            
	
              Coaticook,
                QC

            
	
              Compton,
                QC

            
	
              Cookshire,
                QC

            
	
              Danville,
                QC

            
	
              Deauville,
                QC

            
	
              East
                Angus, QC

            
	
              East
                Hereford, QC

            
	
              Eastman,
                QC

            
	
              La
                Patrie, QC

            
	
              Lawrenceville,
                QC

            
	
              Magog,
                QC

            
	
              Mansonville,
                QC

            
	
              North
                Hatley, QC

            
	
              Richmond,
                QC

            
	
              Rock
                Island, QC

            
	
              Sawyerville,
                QC

            
	
              Scotstown,
                QC

            
	
              St-Adolphe-de-Dudswell,
                QC

            
	
              St-Malo,
                QC

            
	
              Stoke,
                QC

            
	
              Stratford,
                QC

            
	
              Valcourt,
                QC

            
	
              Waterville,
                QC

            
	
              Weedon,
                QC

            
	
              Windsor,
                QC

            
	
              Wotton,
                QC

            

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    SCHEDULE
      “B”

    

    Teliphone’s
      landed costs for White Label Product hardware devices effective March 20,
      2005:

    

    
      	 Teliphone wi-fi:	 US$135.00
	 TeliphoneLine single port:	 US$68.00
	 TeliphoneLine dual port:	 US$85.00

    

        

       

      

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    SCHEDULE “C”

    Effective
      February 6, 2005

    

    
      	
              Item

            	
              Residential
                / SOHO

            	
              Commercial
                / Enterprise

            
	
              Rate
                Plan

            	 	 
	    Single
              Point of Contact**	
              $5.00/mth

            	
              $5.00/mth

            
	
                  Basic
                VoIP
                Service

                      Unlimited
                within Teliphone local area***

            	
              $14.95/mth

            	
              $14.95/mth

            
	    Unlimited
              Quebec	
              $4.95/mth

            	
              $9.95/mth

            
	    Unlimited
              North
              America****	
              $9.95/mth

            	
              $19.95/mth

            
	 	 	 
	
              Additional
                Services

            	 	 
	    Extra
              handset attributed to same number	 	 
	        Additional
              monthly charge	
              $4.95/mth

            	
              $4.95/mth

            
	    Extra
              phone number on same handset	
              $4.95/mth

            	
              $4.95/mth

            
	    Activation
              charge per line	
              Currently
                Free

            	
              $19.95

            
	 	 	 

    

    

    *
      Includes a $30 long distance credit upon activation.

    

    **PC,
      Single Point of Contact, includes a phone number, FollowMe Call forwarding
      and
      Voice Mail.

    

    ***
      Local
      area includes Montreal, Sherbrooke, St-Hyacinth, Toronto and New York. Future
      Canadian cities will be added to the local coverage area.

    

    ****
      Includes Continental US and Canada.

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    SCHEDULE
      “D”

    

    Teliphone
      will provide VoIP services to Wholesaler for the following prices:

    

    Basic
      VoIP line, within Teliphone’s local calling area (Montreal, New York and
      Toronto), including Single Point of Contact for Cdn$12.97.

    

    Basic
      VoIP line as above, including unlimited calling within the Province of Quebec
      or
      Province of Ontario for Cdn$16.19.

    

    Basic
      VoIP line as above, including unlimited calling within the Continental US &
      Canada for Cdn$19.44.

    

    Teliphone
      will provide to Wholesaler its long distance services at a discount of 10%
      off
      of Teliphone’s posted retail rates.

    

    WHOLESALER
      will also acknowledge that if Teliphone services are sold to a Call Center
      customer, then WHOLESALER’s Call Center customers cannot subscribe to unlimited
      long distance packages and must negotiate a per minute Long Distance rate with
      Teliphone.exv4wxay

 

Exhibit 4(a)

THIRD AMENDING AGREEMENT

(Syndicated Term Credit Facility)

THIS AGREEMENT is made as of September 20, 2005

BETWEEN:

POTASH CORPORATION OF SASKATCHEWAN INC., a corporation subsisting
under the laws of Canada (hereinafter referred to as the
“Borrower”),

OF THE FIRST PART,

 - and -

THE FINANCIAL INSTITUTIONS SET FORTH ON SCHEDULE A HERETO AND ON THE
SIGNATURE PAGES HEREOF UNDER THE HEADING “LENDERS:” (hereinafter
referred to collectively as the “Lenders” and individually as a
“Lender”),

OF THE SECOND PART,

 - and -

THE BANK OF NOVA SCOTIA, a Canadian chartered bank, as agent of the
Lenders (hereinafter referred to as the “Agent”),

OF THE THIRD PART.

                    WHEREAS the parties hereto have agreed to amend and supplement certain provisions of the
Credit Agreement as hereinafter set forth;

                    NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the covenants and agreements
herein contained and other good and valuable consideration, the receipt and sufficiency of which
are hereby conclusively acknowledged by each of the parties hereto, the parties hereto covenant and
agree as follows:

1.          Interpretation

1.1.       In this Agreement and the recitals hereto, unless something in the subject matter or context
is inconsistent therewith:

“Agreement” means this agreement, as amended, modified, supplemented or restated from time to time.

 

 

“Credit Agreement” means the term credit agreement made as of September 25, 2001 between the
Borrower, the Lenders listed in Schedule A thereto and such other financial institutions as become
party thereto, as lenders, and the Agent, as amended by an amending agreement made as of September
23, 2003 and a Second Amending Agreement made as of September 21, 2004.

“Guarantee” means the Guarantee Agreement made as of September 25, 2001 by the Guarantor in favour
of the Agent and the Lenders pursuant to which the Guarantor guaranteed all of the Obligations of
the Borrower.

“Guarantor” means PCS Nitrogen, Inc.

1.2.       Capitalized terms used herein without express definition shall have the same meanings herein
as are ascribed thereto in the Credit Agreement.

1.3.       The division of this Agreement into Sections and the insertion of headings are for convenience
of reference only and shall not affect the construction or interpretation of this Agreement. The
terms “this Agreement”, “hereof”, “hereunder” and similar expressions refer to this Agreement and
not to any particular Section or other portion hereof and include any agreements supplemental
hereto.

1.4.       This Agreement shall be governed by and construed in accordance with the laws of the Province
of Ontario and the federal laws of Canada applicable therein.

2.          Amendments and Supplements

2.1.       Amendments to Applicable Margin. Section 1.01 of the Credit Agreement is hereby amended by
deleting the existing definition of “Applicable Margin” in its entirety and substituting the
following therefor:

“Applicable Margin” means, at any time, the applicable rate per annum set forth in
the table below for the applicable S&P rating and the applicable Utilization Rate:

	 	 	 	 	 	 	 	 	 
	 
	 	S&P’s Corporate Credit	 	 	 	 
	 	or Unsecured Debt	 	 	 	 
	 	Rating of Borrower	 	 	Utilization Rate	 
	 	 
	 	 	≤ 1/2	 	 	> 1/2	 
	 	A- or above
	 	 	0.35% per annum	 	 	0.45% per annum	 
	 	BBB+
	 	 	0.45% per annum	 	 	0.55% per annum	 
	 	BBB
	 	 	0.55% per annum	 	 	0.65% per annum	 
	 	BBB-
	 	 	0.75% per annum	 	 	0.85% per annum	 
	 	BB+ or below or unrated
	 	 	1.00% per annum	 	 	1.10% per annum	 
	 

- 2 -

 

2.2.       Deletion of Definition of “Conversion Date”. Section 1.01 of the Credit Agreement is hereby
amended by deleting the existing definition of “Conversion Date” in its entirety.

2.3.       Amendment to Definition of “Maturity Date”. Section 1.01 of the Credit Agreement is hereby
amended by deleting the existing definition of “Maturity Date” in its entirety and substituting the
following therefor:

“Maturity Date” means, in respect of the Outstanding Accommodation and other Obligations
outstanding to a given Lender, September 30, 2010 or such later date to which the same may
be extended from time to time with respect to a given Lender in accordance with Section
1.13.

2.4.       Deletion of Definition of “Repayment Amount”. Section 1.01 of the Credit Agreement is hereby
amended by deleting the existing definition of “Repayment Amount” in its entirety.

2.5.       Amendments to Standby Fee Rate. Section 1.01 of the Credit Agreement is hereby amended by
deleting the existing definition of “Standby Fee Rate” in its entirety and substituting the
following therefor:

“Standby Fee Rate” means, at any time, the applicable rate per annum set forth in
the table below opposite the applicable S&P rating:

	 	 	 	 	 	 
	 
	 	S&P’s Corporate Credit or	 	 	 	 
	 	Unsecured Debt Rating	 	 	 	 
	 	of Borrower	 	 	Standby Fee Rate	 
	 	A- or above

	 	 	0.08% per annum	 
	 	BBB+

	 	 	0.10% per annum	 
	 	BBB

	 	 	0.125% per annum	 
	 	BBB-

	 	 	0.15% per annum	 
	 	BB+ or below or unrated

	 	 	0.20% per annum	 
	 

2.6.       Extensions of Maturity Date. Section 1.13 of the Credit Agreement is hereby deleted in its
entirety (including the heading of such Section) and the following new Section 1.13 is substituted
therefor (including the heading of such Section):

1.13     Extensions of Maturity Date; Replacement of Non-Extending Lenders.

	 	(1)	 	In this Section:
	 
	 	(a)	 	“Extension Request” means a written request by the Borrower to
the Requested Lenders to extend the Maturity Date applicable to such
Lenders by one year, which request shall include an officer’s certificate of the

- 3 -

 

	 	 	 	Borrower certifying that no Default or Event of Default has occurred and is
continuing; and
	 
	 	(b)	 	“Requested Lenders” means those Lenders which are not then
Non-Extending Lenders.

(2)     The Borrower may, once in each calendar year, request the Requested Lenders to
extend the Maturity Date applicable to such Lenders by one year by delivering to the
Agent an executed Extension Request; provided that, such request may not be made
more than 90 days or less than 60 days before September 30 in such calendar year.

(3)     Upon receipt from the Borrower of an executed Extension Request, the Agent shall
promptly deliver to each Requested Lender a copy of such request, and each Requested
Lender shall, within 30 days after receipt of the Extension Request by the Agent,
provide to the Agent and the Borrower either (a) written notice that such Requested
Lender (each, an “Extending Lender”) agrees, subject to Section 1.13(4) below, to
the extension of the current Maturity Date applicable to it by one year or (b)
written notice (each, a “Notice of Non-Extension”) that such Requested Lender (each,
a “Non-Extending Lender”) does not agree to such requested extension; provided that,
if any Requested Lender shall fail to so notify the Agent and the Borrower, then
such Requested Lender shall be deemed to have delivered a Notice of Non-Extension
and shall be deemed to be a Non-Extending Lender. The determination of each Lender
whether or not to extend the Maturity Date applicable to it shall be made by each
individual Lender in its sole discretion.

(4)     If the Extending Lenders have the majority of the Individual Commitments under
the Credit Facility, the Maturity Date shall be extended by one year for each of the
Extending Lenders. If the Extending Lenders do not have at least a majority of the
Individual Commitments under the Credit Facility, the Maturity Date shall not be
extended for any of the Requested Lenders. For certainty, the Maturity Date for a
Non-Extending Lender shall not be extended, regardless of whether or not the
Maturity Date is extended for the Extending Lenders as aforesaid.

(5)     This Section shall apply from time to time to facilitate successive extensions
and requests for extension of the Maturity Date. If, as of September 30 in the
calendar year of a requested extension of the Maturity Date, a Default or Event of
Default exists, the Maturity Date shall not be extended, notwithstanding any other
provision hereof to the contrary, for an Extending Lender unless (a) such Extending
Lender has waived such Default or Event of Default in writing and (b) Extending
Lenders having a majority of the Individual Commitments under the Credit Facility
have waived such Default or Event of Default in writing.

- 4 -

 

(6)     The Borrower shall have the right, at its option, to (a) replace Non-Extending
Lenders under the Credit Facility (by causing them to assign their rights and
interests under the Credit Facility to additional financial institutions which have
agreed to become Lenders or by increasing the Individual Commitments of existing
Lenders under the Credit Facility with, in the latter case, the consent of such
increasing Lenders, or any combination thereof), (b) repay the Obligations
outstanding to Non-Extending Lenders under the Credit Facility and cancelling their
Individual Commitments (without corresponding repayment to other Lenders), or (c)
any combination of the foregoing, provided that the Maturity Date has been extended
in accordance with the most recent Extension Request delivered by the Borrower
pursuant to
Section 1.13(2) and further provided that increases in the Individual
Commitments of existing Lenders and the addition of new financial institutions as
Lenders shall require the consent of the Agent, such consent not to be unreasonably
withheld.

(7)     In order to give effect to the provisions of Section 1.13(6) (but subject to
such provisions), the Borrower may, from time to time:

	 	(a)	 	require any Non-Extending Lender to assign all of its rights,
benefits and interests under the Loan Documents, its Individual Commitment and
all of its Outstanding Accommodation and other Obligations (collectively, the
“Assigned Interests”) to (i) any other Lenders which have agreed to increase
their Individual Commitments and purchase the Assigned Interests, and (ii) to
third party financial institutions selected by the Borrower. The Borrower
shall provide the Agent with 10 Banking Days’ prior written notice of its
desire to proceed under this Section. The assignment of the Assigned Interests
shall be effective upon: (A) execution and delivery of assignment documentation
satisfactory to the relevant Non-Extending Lender, the relevant assignee, the
Borrower and the Agent (each acting reasonably); (B) upon payment to the
relevant Non-Extending Lender by the relevant assignee of an amount equal to
all of such Lender’s Outstanding Accommodation being assigned and all accrued
but unpaid interest and fees hereunder in respect of the Outstanding
Accommodation and Individual Commitment being assigned; (C) upon payment by the
relevant assignee to the Agent (for the Agent’s own account) of the assignment
fee contemplated in Section 15.06; and (D) upon provision satisfactory to the
Non-Extending Lender (acting reasonably) being made for any costs, losses,
premiums or expenses incurred by such Lender by reason of the liquidation or
re-deployment of deposits or other funds in respect of LIBOR Loans outstanding
hereunder which comprise part of the Assigned Interests. Upon such assignment
and transfer, the assigning Non-Extending Lender shall have no further right,
interest, benefit or obligation in respect of the Assigned Interests and the
assignee thereof shall succeed to the position of such Lender as if the same
was an original party hereto in the place and stead of such Non-Extending
Lender and such assignee shall be deemed to be an Extending Lender for all
purposes of this Agreement; for such purpose, the assignee shall

- 5 -

 

	 	 	 	execute and deliver an assignment substantially in the form of Schedule C
hereto and such other documentation as may be reasonably required by the
Agent and the Borrower to confirm its agreement to be bound by the
provisions hereof as a Lender and to give effect to the foregoing; and
	 
	 	(b)	 	to the extent that the Borrower has not caused any
Non-Extending Lender to assign its rights, benefits and interests to another
Lender or other financial institution as provided in subparagraph (a) above,
repay to such Non-Extending Lender, at any time while such Lender continues to
be a Non-Extending Lender, all such Lender’s Outstanding Accommodation,
together with all accrued but unpaid interest and fees thereon and with respect
to its Individual Commitment, without making corresponding repayment to the
other Lenders and, upon such repayment and provision satisfactory to the
relevant Non-Extending Lender (acting reasonably) being made for any costs,
losses, premiums or expenses incurred by such Lender by reason of a liquidation
or re-deployment of deposits or other funds in respect of the repayment of
LIBOR Loans comprising part of such Lender’s Outstanding Accommodation, the
Borrower may cancel such Lender’s Individual Commitment. Upon completion of
the foregoing, such Non-Extending Lender shall have no further right, interest,
benefit or obligation in respect of the Credit Facility and the Credit Facility
shall be reduced by the amount of such Lender’s cancelled Individual Commitment
thereunder.

2.7.       Five Year Revolving Term Credit Facility. Section 2.03 of the Credit Agreement is hereby
deleted in its entirety (including the heading of such Section) and the following new Section 2.03
is substituted therefor (including the heading of such Section):

2.03     Availability and Nature of the Credit Facility; Reductions of Unutilized Portion.

(1)     Subject to the terms and conditions hereof, the Borrower may obtain Accommodations and
have Loans outstanding under the Credit Facility in respect of the Individual Commitments of
a given Lender prior to, and only prior to, the Maturity Date applicable to such Lender.

(2)     The Credit Facility shall be a revolving credit facility: that is, the Borrower may
increase or decrease Loans under the Credit Facility by obtaining Accommodations, making
repayments and obtaining further Accommodations.

(3)     For certainty, and notwithstanding any other provision hereof to the contrary, in no
event shall a Lender be required to fund, participate in, or otherwise provide any portion
of a Loan after the Maturity Date applicable to such Lender (whether by way of
Accommodation, rollover under Article 5, conversion under Article 6 or otherwise); in
particular, and in addition to and without limiting the foregoing, in no event shall a
Lender be required to fund, participate in, or otherwise provide any portion of a LIBOR Loan
which has an Interest Period which will expire after the Maturity Date applicable to

- 6 -

 

such Lender. In the event the Borrower requests a LIBOR Loan which has an Interest Period
which will expire after the Maturity Date applicable to a Lender, the Pro Rata Shares of
such LIBOR Loan shall be determined and funded without reference to and excluding the
Individual Commitment of such Lender.

(4)     The Borrower may, from time to time on or prior to the Maturity Date and upon two
Banking Days’ notice to the Agent, reduce the amount of the Credit Facility to the extent
the Credit Facility is not utilized. Upon any change in the amount of the Credit Facility
(other than a reduction thereof by reason of a prepayment pursuant to Section 1.13), the
Individual Commitment of each Lender shall thereupon be correspondingly changed by an amount
equal to such Lender’s Pro Rata Share of the amount of such change in the amount of the
Credit Facility.

2.8.       Drawdown Notice. Section 4.01 of the Credit Agreement is hereby amended by deleting the
phrase “prior to the Conversion Date” on the fourth line thereof and substituting therefor the
phrase “, subject to Section 2.03,”.

2.9.       One Borrowing. Section 4.02 of the Credit Agreement is hereby deleted in its entirety.

2.10.     No Term-Out Increase in Interest Rates. The last sentence in Section 7.01 of the Credit
Agreement is hereby deleted in its entirety.

2.11.     Repayment. Section 9.01 of the Credit Agreement is hereby deleted in its entirety (including
the heading of such Section) and the following new Section 9.01 is substituted therefor (including
the heading of such Section):

9.01 Mandatory Repayment on Maturity Date. Subject to Section 13.01, the Borrower
shall repay or pay, as the case may be, to the Agent, on behalf of each Lender, all
of the Outstanding Accommodation and other Obligations owing by the Borrower to such
Lender on or before the Maturity Date applicable to such Lender.

2.12.     Voluntary Prepayments. Subsection 9.02(b) of the Credit Agreement is hereby deleted in its
entirety.

2.13.     Conditions Precedent to All Accommodations. Section 12.01(a) of the Credit Agreement is
hereby amended to add “Default or” immediately prior to the phrase “Event of Default” on the first
line thereof.

2.14.     Fee Payable in respect of Conversion to Five Year Revolving Term Credit Facility and Other
Amendments. The Borrower hereby agrees to pay to the Agent, for each Lender, the fee (in United
States dollars) previously agreed between the Borrower and such Lender pursuant to the invitation
letter to such Lender dated July, 2005 (which invitation letter outlined the amendments and
supplements contemplated hereby).

2.15.     New Schedule A; Revised Individual Commitments. Schedule A to the Credit Agreement is hereby
deleted in its entirety and replaced with Schedule A hereto to reflect

- 7 -

 

changes in the Individual Commitments of Lenders and the deletion of Export Development Canada as a
Lender.

2.16.     Release of Guarantee. The Lenders and the Agent hereby acknowledge and confirm their
agreement to release the Guarantee upon the satisfaction of the conditions precedent set forth in
Section 4 hereof; upon satisfaction of such conditions:

	 	(a)	 	(i) each reference in the Credit Agreement to “the Guarantee” shall be deleted
and (ii) each reference in the Credit Agreement to “the Guarantor” shall be deleted and
“PCS Nitrogen, Inc.” shall be substituted therefor;
	 
	 	(b)	 	Section 13.01(m) of the Credit Agreement is hereby deleted in its entirety; and
	 
	 	(c)	 	the Agent is hereby authorized and directed (at the cost and expense of the
Guarantor) to execute and deliver a release of the Guarantee in favour of the Guarantor
(such release to be in form and substance satisfactory to the Agent) and to take all
such other steps and actions as may be reasonably requested by the Guarantor to
evidence or give effect to such release.

3.          Representations and Warranties

               The Borrower hereby represents and warrants as follows to each Lender and the Agent and
acknowledges and confirms that each Lender and the Agent is relying upon such representations and
warranties:

	 	(a)	 	Capacity, Power and Authority

	 	(i)	 	It is duly incorporated and is validly subsisting under the
laws of its jurisdiction of incorporation and has all the requisite corporate
capacity, power and authority to carry on its business as presently conducted
and to own its property; and
	 
	 	(ii)	 	It has the requisite corporate capacity, power and authority to
execute and deliver this Agreement.

	 	(b)	 	Authorization; Enforceability
	 
	 	 	 	It has taken or caused to be taken all necessary action to authorize, and has duly
executed and delivered, this Agreement, and this Agreement is a legal, valid and
binding obligation of it enforceable against it in accordance with its terms,
subject to applicable bankruptcy, reorganization, winding up, insolvency, moratorium
or other laws of general application affecting the enforcement of creditors’ rights
generally and to the equitable and statutory powers of the courts having
jurisdiction with respect thereto.

- 8 -

 

	 	(c)	 	Compliance with Other Instruments
	 
	 	 	 	The execution, delivery and performance by the Borrower of this Agreement and the
consummation of the transactions contemplated herein do not conflict with, result in
any breach or violation of, or constitute a default under the terms, conditions or
provisions of its articles, by-laws or other constating documents or any unanimous
shareholder agreement relating to, the Borrower or of any law, regulation, judgment,
decree or order binding on or applicable to the Borrower or to which its property is
subject or of any material agreement, lease, licence, permit or other instrument to
which the Borrower or any of its Subsidiaries is a party or is otherwise bound or by
which any of them benefits or to which any of their property is subject and do not
require the consent or approval of any Official Body or any other party.

               The representations and warranties set out in this Agreement shall survive the execution and
delivery of this Agreement and the making of each Accommodation, notwithstanding any investigations
or examinations which may be made by or on behalf of the Agent, the Lenders or Lenders’ counsel.
Such representations and warranties shall survive until the Credit Agreement has been terminated.

4.          Conditions Precedent

               The amendments and supplements to the Credit Agreement contained herein shall be effective
upon, and shall be subject to, the satisfaction of the following conditions precedent:

	 	(a)	 	the Borrower shall have paid to the Agent, for each Lender, the fees required
to be paid pursuant to Section 2.14 hereof; and
	 
	 	(b)	 	the Borrower shall have delivered to the Agent an officer’s certificate of the
Borrower: (i) confirming that there have been no changes to the articles and by-laws
of the Borrower since September 22, 2003 (being the date of the most recent certified
copy of the same delivered to the Agent), (ii) attaching a certified copy of its
resolutions authorizing the execution and delivery of this Agreement, and (iii)
confirming the incumbency of the officers of the Borrower executing this Agreement
(such certificate to be dated on or after the date hereof).

The foregoing conditions precedent are inserted for the sole benefit of the Lenders and the Agent
and may be waived in writing by the Lenders, in whole or in part (with or without terms and
conditions).

5.          Confirmation of Credit Agreement and other Loan Documents

               The Credit Agreement and the other Loan Documents to which the Borrower is a party and all
covenants, terms and provisions thereof, except as expressly amended and supplemented by this
Agreement, shall be and continue to be in full force and effect and the Credit Agreement as amended
and supplemented by this Agreement and each of the other Loan Documents to which the Borrower is a
party is hereby ratified and confirmed and shall from and after the date hereof continue in full
force and effect as herein amended and supplemented, with such

- 9 -

 

amendments and supplements being effective from and as of the date hereof upon satisfaction of
the conditions precedent set forth in Section 4 hereof.

6.          Further Assurances

               The parties hereto shall from time to time do all such further acts and things and execute and
deliver all such documents as are required in order to effect the full intent of and fully perform
and carry out the terms of this Agreement.

7.          Enurement

               This Agreement shall enure to the benefit of and shall be binding upon the parties hereto and
their respective successors and permitted assigns.

8.          Counterparts

               This Agreement may be executed in any number of counterparts, each of which shall be deemed to
be an original and all of which taken together shall be deemed to constitute one and the same
instrument, and it shall not be necessary in making proof of this Agreement to produce or account
for more than one such counterpart. Such executed counterparts may be delivered by facsimile
transmission and, when so delivered, shall constitute a binding agreement of the parties hereto.

               IN WITNESS WHEREOF the parties hereto have executed this Agreement.

	 	 	 	 	 
	 	POTASH CORPORATION OF

SASKATCHEWAN INC.

 	 
	 	By:  	/s/   Wayne R. Brownlee
 	 
	 	 	Name:  	Wayne R. Brownlee	 
	 	 	Title:  	Sr. Vice President, Treasurer & CFO	 
	 
	 	 	 
	 	By:  	/s/   Denis A. Sirois	 
	 	 	Name:  	Denis A. Sirois	 
	 	 	Title:  	Vice President & Corporate Controller	 
	 

	 	 	 	 	 
	 	LENDERS:
 

THE BANK OF NOVA SCOTIA

 	 
	 	By:  	/s/   Jeff
Cebryk	 
	 	 	Name:  	Jeff
Cebryk	 
	 	 	Title:  	Director	 
	 

- 10 -

 

	 	 	 	 	 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA

 	 
	 	By:  	/s/   Michael
Manion	 
	 	 	Name:  	Michael
Manion	 
	 	 	Title:  	Authorized Signatory	 
	 
	 	 	 
	 	By:  	                                 
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	CREDIT SUISSE, TORONTO BRANCH

(formerly known as Credit Suisse

First Boston, Toronto Branch)

 	 
	 	By:  	/s/   Alain
Daoust	 
	 	 	Name:  	Alain
Daoust	 
	 	 	Title:  	Director	 
	 
	 	 	 
	 	By:  	/s/   Duncan
D. Webb	 
	 	 	Name:  	Duncan
D. Webb	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

CANADA BRANCH

 	 
	 	By:  	/s/   Nelson
Lam	 
	 	 	Name:  	Nelson
Lam	 
	 	 	Title:  	Vice President	 
	 
	 	 	 
	 	By:  	                                 
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	COMERICA BANK

 	 
	 	By:  	/s/   Nick
Christopoulos	 
	 	 	Name:  	Nick
Christopoulos	 
	 	 	Title:  	Vice President	 
	 
	 	 	 
	 	By:  	                                 
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

- 11 -

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF MONTREAL

 	 
	 	By:  	/s/   R.
Wright	 
	 	 	Name:  	R.
Wright	 
	 	 	Title:  	Vice President	 
	 
	 	 	 
	 	By:  	                                 
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	BANK OF TOKYO-MITSUBISHI (CANADA)

 	 
	 	By:  	/s/   Y.
Motooka	 
	 	 	Name:  	Y.
Motooka	 
	 	 	Title:  	EVP & GM	 
	 
	 	 	 
	 	By:  	/s/   Davis
J. Stewart	 
	 	 	Name:  	Davis
J. Stewart	 
	 	 	Title:  	Senior Vice President	 
	 

	 	 	 	 	 
	 	BNP PARIBAS (CANADA)

 	 
	 	By:  	/s/   Allan
Fordyce	 
	 	 	Name:  	Allan
Fordyce	 
	 	 	Title:  	Director	 
	 
	 	 	 
	 	By:  	/s/   Don
R. Lee	 
	 	 	Name:  	Don
R. Lee	 
	 	 	Title:  	Managing Director Corporate Banking	 
	 

	 	 	 	 	 
	 	HSBC BANK CANADA

 	 
	 	By:  	/s/   Greg
Gannett	 
	 	 	Name:  	Greg
Gannett	 
	 	 	Title:  	Associate Director, Corporate &
Institutional Banking	 
	 
	 	 	 
	 	By:  	/s/   Sarah
Yee	 
	 	 	Name:  	Sarah
Yee	 
	 	 	Title:  	Analyst, Corporate &
Institutional Banking	 

- 12 -

 

	 	 	 	 	 

	 	 	 	 	 
	 	RABOBANK NEDERLAND,

CANADIAN BRANCH

 	 
	 	By:  	/s/   Rommel
J. Domingo	 
	 	 	Name:  	Rommel
J. Domingo	 
	 	 	Title:  	Vice President	 
	 
	 	 	 
	 	By:  	/s/   Peter
Greenberg	 
	 	 	Name:  	Peter
Greenberg	 
	 	 	Title:  	Managing Director	 
	 

	 	 	 	 	 
	 	SOCIÉTÉ GÉNÉRALE (CANADA)

 	 
	 	By:  	/s/   David
Baldoni	 
	 	 	Name:  	David
Baldoni	 
	 	 	Title:  	Managing Director	 
	 
	 	 	 
	 	By:  	/s/   Francois
Laliberté	 
	 	 	Name:  	Francois
Laliberté	 
	 	 	Title:  	Managing Director	 
	 

	 	 	 	 	 
	 	AGENT:
 

THE BANK OF NOVA SCOTIA, in its capacity

as Agent

 	 
	 	By:  	/s/   Jeff
Cebryk	 
	 	 	Name:  	Jeff
Cebryk	 
	 	 	Title:  	Director	 

- 13 -

 

	 	 	 	 	 

Schedule A

Individual Commitments

	 	 	 	 	 
	Name and Address of Lender	 	Individual Commitment
	 
	 	 	 	 
	The Bank of Nova Scotia	 	U.S.$130,000,000
	Corporate Banking	 	 
	Suite 2000, 700 – 2nd Street S.W.	 	 
	Calgary, Alberta	 	 
	T2P 2N7	 	 
	 
	 	 	 	 
	Attention:

	 	Jeff
Cebryk	 	 
	Facsimile:

	 	(403) 221-6497	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	Royal Bank of Canada	 	U.S.$125,000,000
	5th Floor, South Tower	 	 
	Royal Bank Plaza	 	 
	Toronto, Ontario	 	 
	M5J 2W7	 	 
	 
	 	 	 	 
	Attention:

	 	Michael Manion	 	 
	Facsimile:

	 	(416) 842-5320	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	Credit Suisse, Toronto Branch	 	U.S.$100,000,000
	1 First Canadian Place, Suite 3000	 	 
	P.O. Box 301	 	 
	Toronto, Ontario	 	 
	M5X 1C9	 	 
	 
	 	 	 	 
	Attention:

	 	Alain Daoust	 	 
	Facsimile:

	 	(416) 352-4576	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	Bank of America, N.A., Canada Branch	 	U.S.$60,000,000
	Consumer Products Group – Portfolio Management	 	 
	231 S. La Salle Street	 	 
	IL 231-10-06	 	 
	Chicago, Illinois	 	 
	60697	 	 
	 
	 	 	 	 
	Attention:

	 	Michael Munaco	 	 
	Facsimile:

	 	(312) 987-5614	 	 

 

 

	 	 	 	 	 
	Comerica Bank	 	U.S.$35,000,000
	Suite 2210, Royal Bank Plaza, South Tower	 	 
	200 Bay Street	 	 
	P.O. Box 61	 	 
	Toronto, Ontario	 	 
	M5J 2J2	 	 
	 
	 	 	 	 
	Attention:

	 	Nick Christopoulos, Vice President	 	 
	Facsimile:

	 	(416) 367-2460	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	Bank of Montreal	 	U.S.$75,000,000
	4th Floor	 	 
	1 First Canadian Place	 	 
	P.O. Box 150	 	 
	Toronto, Ontario	 	 
	M5X 1H3	 	 
	 
	 	 	 	 
	Attention:

	 	Robert Wright	 	 
	Facsimile:

	 	(416) 359-7796	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	Bank of Tokyo-Mitsubishi (Canada)	 	U.S.$50,000,000
	Vancouver Office	 	 
	950 – 666 Burrard Street	 	 
	Vancouver, British Columbia	 	 
	V6C 3L1	 	 
	 
	 	 	 	 
	Attention:

	 	Davis J. Stewart, Vice President	 	 
	 

	 	Corporate Banking Group	 	 
	Facsimile:

	 	(604) 691-7311	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	BNP Paribas (Canada)	 	U.S.$25,000,000
	77 King Street West	 	 
	Suite 4100, Royal Trust Tower	 	 
	Toronto, Ontario	 	 
	M5K 1N8	 	 
	 
	 	 	 	 
	Attention:

	 	Allan Fordyce, Director	 	 
	Facsimile:

	 	(416) 947-3538	 	 

- 2 -

 

	 	 	 	 	 
	HSBC Bank Canada	 	U.S.$50,000,000
	2210, 777 -8th Avenue S.W.	 	 
	Calgary, Alberta	 	 
	T2P 3R5	 	 
	 
	 	 	 	 
	Attention:

	 	Head of Corporate & Institutional	 	 
	 

	 	Banking, Western Region	 	 
	Facsimile:

	 	(403) 693-8616	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	Rabobank Nederland, Canadian Branch	 	U.S.$50,000,000
	77 King Street West, Suite 4520	 	 
	Royal Trust Tower, TD Centre	 	 
	P.O. Box 57	 	 
	Toronto, Ontario	 	 
	M5K 1E7	 	 
	 
	 	 	 	 
	Attention:

	 	Andrew Chewpa, Vice President	 	 
	Facsimile:

	 	(416) 941-9750	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	Société Générale (Canada)	 	U.S.$50,000,000
	100 Yonge Street	 	 
	Scotia Plaza, Suite 1002	 	 
	Toronto, Ontario	 	 
	M5C 2W1	 	 
	 
	 	 	 	 
	Attention:

	 	Michel Hurtubise	 	 
	Facsimile:

	 	(416) 364-1879	 	 

- 3 -

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