Document:

VOTING AND EXCHANGE AGENCY AGREEMENT

EXHIBIT 4.2

VOTING AND EXCHANGE AGENCY AGREEMENT

        This VOTING AND
EXCHANGE AGENCY AGREEMENT is made as of the 13th day of December 2001

BETWEEN:

IDEAL ACCENTS, INC.,

        a corporation incorporated under the laws of Florida

        

        ("Parent")

        

      
    
  

- and -

IDEAL ACCENTS HOLDINGS INC.,

        a corporation incorporated under the laws of the Province of Ontario,

        

        ("Exchangeco")

        

      
    
  

- and -

MEDALLION CAPITAL CORP.,

        a company incorporated under the laws of the Province of Ontario,

        

        (the "Agent")

        

         

      
    
  

WHEREAS:

1.    Pursuant to a Share Exchange Agreement
dated as of the 13th day of

December 2001 (the "Share Exchange Agreement"), entered into between
Parent, Ideal Accents (Nova Scotia) Company, a Nova Scotia unlimited liability
company ("NovaScotiaco"), Exchangeco and AutoFun Canada Inc. and Somani Holdings
Inc. (the "Companies") and the shareholders of the Companies (collectively the "Parties"),
the Parties have agreed to the acquisition of control of the Companies by
Parent.

2.    Pursuant to the Share Exchange
Agreement, shareholders of the Companies (other than Somani Holdings Inc.) will
exchange their common shares in the capital of the Companies ("Common Shares"),
for either (i) common shares in the capital of Parent ("Parent Common Shares")
or (ii) exchangeable shares in the capital of Exchangeco (the "Exchangeable
Shares"). 

3.    In accordance with the Share Exchange
Agreement, Parent and Exchangeco have agreed to enter into a voting and exchange
agency agreement with an Agent appointed by the holders of such Exchangeable
Shares substantially in the form of this Agreement.

4.    Any statements of fact contained in this
Agreement are made by Parent and Exchangeco and not by the Agent.

  

        NOW THEREFORE in
consideration of the respective covenants and agreements provided in this
Agreement and for other good and valuable consideration (the receipt and
sufficiency of which are hereby acknowledged), the Parties hereto covenant and
agree as follows:

Article 1

DEFINITIONS AND INTERPRETATION

1.1    Definitions

        In this Agreement,
the following terms shall have the following meanings:

  "Affiliate"

  of any person means any other person directly or indirectly controlled by, or
  under control of, that person. For the purposes of this definition, "control"
  (including, with correlative meanings, the terms "controlled by" and "under
  common control of"), as applied to any person, means the possession by another
  person, directly or indirectly, of the power to direct or cause the direction
  of the management and policies of that first mentioned person, whether through
  the ownership of voting securities, by contract or otherwise.

  "Agent"

  means Medallion Capital Corp. and, subject to the provisions of Article 10,
  includes any successor Agent.

  "Automatic Exchange Rights"

  means the benefit of the obligation of Parent to effect the automatic exchange
  of Exchangeable Shares for Parent Common Shares pursuant to section 5.12. 

  "Beneficiaries"

  means the registered holders from time to time of Exchangeable Shares, other
  than Parent, its Affiliates and the Agent.

  "Beneficiary Votes"

  has the meaning ascribed thereto in section 4.2. 

  "Board of Directors"

  means the board of directors of Exchangeco.

  "Business Day"

  means any day on which commercial banks are open for business in Toronto,
  Ontario, other than a Saturday, a Sunday or a day observed as a holiday in
  Toronto, Ontario under the laws of the Province of Ontario or the federal laws
  of Canada.

  "Canadian Dollar Equivalent"

  means, in respect of an amount expressed in a currency other than Canadian
  dollars (the "Foreign Currency Amount") at any date, the product
  obtained by multiplying (a) the Foreign Currency Amount by (b) the noon spot
  exchange rate on such date for such foreign currency expressed in Canadian
  dollars as reported by the Bank of Canada, or, in the event such spot exchange
  rate is not available, such exchange rate on such date for such foreign
  currency expressed in Canadian dollars as may be deemed by the Board of
  Directors to be appropriate for such purpose. 

  "Current Market Price"

  means, in respect of a Parent Common Share on any date, the Canadian Dollar
  Equivalent of the average of the closing bid and ask prices of Parent Common
  Shares during a period of 20 consecutive trading days ending not more than
  three trading days before such date on such stock exchange or automated
  quotation system on which Parent Common Shares are listed or quoted, as the
  case may be, as may be selected by the Board of Directors for such purpose;
  provided however, that if in the opinion of the Board of Directors the public
  distribution or trading activity of Parent Common Shares during such period
  does not create a market which reflects the fair market value of a Parent
  Common Share, then the Current Market Price of a Parent Common Share shall be
  determined by the Board of Directors, in good faith and in its sole
  discretion, and provided further that any such selection, opinion or
  determination by the Board of Directors shall be conclusive and binding. 

  "Exchange Right"

  has the meaning ascribed thereto in section 5.1. 

  "Exchangeable Shares"

  means the non-voting exchangeable shares in the capital of Exchangeco.

  "Insolvency Event"

  means the institution by Exchangeco of any proceeding to be adjudicated a
  bankrupt or insolvent or to be wound up, or the consent of Exchangeco to the
  institution of bankruptcy, insolvency or winding-up proceedings against it, or
  the filing of a petition, answer or consent seeking dissolution or winding-up
  under any bankruptcy, insolvency or analogous laws, including without
  limitation the Companies Creditors' Arrangement Act (Canada) and the 
  Bankruptcy and Insolvency Act (Canada), and the failure by Exchangeco to
  contest in good faith any such proceedings commenced in respect of Exchangeco
  within 30 days of becoming aware thereof, or the consent by Exchangeco to the
  filing of any such petition or to the appointment of a receiver, or the making
  by Exchangeco of a general assignment for the benefit of creditors, or the
  admission in writing by Exchangeco of its inability to pay its debts generally
  as they become due, or Exchangeco not being permitted, pursuant to solvency
  requirements of applicable law, to redeem any Retracted Shares pursuant to
  section 7 of the Share Provisions. 

  "Liquidation Call Right"

  has the meaning ascribed thereto in section 8.1 of the Share Provisions. 

  "Liquidation Event"

  has the meaning ascribed thereto in section 5.12(b). 

  "Liquidation Event Effective Date"

  has the meaning ascribed thereto in section 5.12(c). 

  "List"

  has the meaning ascribed thereto in section 4.6.

  "Officer's Certificate"

  means, with respect to Parent or Exchangeco, as the case may be, a certificate
  signed by any one of Chief Executive Officer, President or Chief Financial
  Officer of Parent or Exchangeco, as the case may be.

  "Parent Common Share"

  means a share of common stock, par value U.S. $0.0001, in the capital of
  Parent.

  "Parent Consent"

  has the meaning ascribed thereto in section 4.2.

  "Parent Meeting"

  has the meaning ascribed thereto in section 4.2.

  "Parent Successor"

  has the meaning ascribed thereto in section 11.1(a).

  "Person"

  includes an individual, partnership, corporation, company, unincorporated
  syndicate or person organization, trust, Agent, executor, administrator and
  other legal representative.

  "Share Provisions"

  means the rights, privileges, restrictions and conditions attaching to the
  Exchangeable Shares.

  "Special Voting Share"

  means the one share of Special Voting Stock of Parent, par value U.S.$0.000l,
  which entitles the holder of record to a number of votes at meetings of
  holders of Parent Common Shares equal to the number of Exchangeable Shares
  outstanding from time to time (other than Exchangeable Shares held by Parent
  and Parent Affiliates), which share is to be issued to, deposited with, and
  voted by, the Agent as described herein.

  "Support Agreement"

  means that certain exchangeable share support agreement made as of even date
  herewith between Parent, NovaScotiaco, Exchangeco and the Agent.

  "Voting Rights"

  means the voting rights attached to the Special Voting Share.

1.2    Interpretation Not Affected by
Headings, etc.

        The division of
this Agreement into Articles, sections and other portions and the insertion of
headings are for convenience of reference only and should not affect the
construction or interpretation of this Agreement. Unless otherwise indicated,
all references to an "Article" or "section" followed by a number and/or a letter
refer to the specified Article or section of this Agreement. The terms "this
Agreement", "hereof" "herein", and "hereunder" and similar expressions refer to
this Agreement and not to any particular Article, section or other portion
hereof and include any agreement or instrument supplementary or ancillary
hereto.

1.3    Number, Gender, etc.

        Words in the
singular number only shall include the plural and vice versa. Words in one
gender shall include all genders.

1.4    Date for any Action

        If any date on
which any action is required to be taken under this Agreement is not a Business
Day, such action shall be required to be taken on the next succeeding Business
Day.

Article 2

PURPOSE OF AGREEMENT

2.1    Establishment of Agency

        The Agent will
hold the Special Voting Share and the benefit of the Support Agreement in order
to enable the Agent to execute the Voting Rights and will hold the Exchange
Right and the Automatic Exchange Rights in order to enable the Agent to exercise
such rights, in each case as Agent for and on behalf of the Beneficiaries as
provided in this Agreement.

Article 3

SPECIAL Voting Share

3.1    Issue and Ownership of the Special
Voting Share

        Parent hereby
issues to and deposits with the Agent, the Special Voting Share to be hereafter
held of record by the Agent as Agent for and on behalf of, and for the use and
benefit of, the Beneficiaries and in accordance with the provisions of this
Agreement. Parent hereby acknowledges receipt from the Agent as Agent for and on
behalf of the Beneficiaries of good and valuable consideration (and the adequacy
thereof) for the issuance of the Special Voting Share by Parent to the Agent.
During the term of this Agreement and subject to the terms and conditions of
this Agreement, the Agent shall possess and be vested with full legal ownership
of the Special Voting Share and shall be entitled to exercise all of the rights
and powers of an owner with respect to the Special Voting Share provided that
the Agent shall:

  (a)    hold the Special Voting Share and the
  legal title thereto as Agent solely for the use and benefit of the
  Beneficiaries in accordance with the provisions of this Agreement; and

  (b)    except as specifically authorized by
  this Agreement, have no power or authority to sell, transfer, vote or
  otherwise deal in or with the Special Voting Share and the Special Voting
  Share shall not be used or disposed of by the Agent for any purpose other than
  the purposes set out in this Agreement.

3.2    Legended Share Certificates

        Exchangeco shall
cause each certificate representing Exchangeable Shares to bear an appropriate
legend notifying the Beneficiaries of their right to instruct the Agent with
respect to the exercise of the Voting Rights in respect of the Exchangeable
Shares of the Beneficiaries.

3.3    Safe Keeping of Certificate

  The certificate representing the Special Voting Share shall
  at all times be held in safe keeping by the Agent.

Article 4

EXERCISE OF VOTING RIGHTS

4.1    Voting Rights

        The Agent, as the
holder of record of the Special Voting Share, shall be entitled to all of the
Voting Rights, including the right to vote in person or by proxy the Special
Voting Share on any matters, questions, proposals or propositions whatsoever
that may properly come before the shareholders of Parent at a Parent Meeting or
in connection with a Parent Consent. The Voting Rights shall be and remain
vested in and exercised by the Agent. Subject to section 7.14:

  (a) the Agent shall exercise the Voting Rights only on the
  basis of instructions received pursuant to this Article 4 from Beneficiaries
  entitled to instruct the Agent as to the voting thereof at the time at which
  the Parent Meeting is held; and

  (b) to the extent that no instructions are received from a
  Beneficiary with respect to the Voting Rights to which such Beneficiary is
  entitled, the Agent shall not exercise or permit the exercise of such Voting
  Rights.

4.2    Number of Votes

        With respect to
all meetings of shareholders of Parent at which holders of Parent Common Shares
are entitled to vote (each, a "Parent Meeting") and with respect to all
written consents sought by Parent from its shareholders including the holders of
Parent Common Shares (each, a "Parent Consent"), each Beneficiary shall
be entitled to instruct the Agent to cast and exercise one of the votes
comprised in the Voting Rights for each Exchangeable Share owned of record by
such Beneficiary on the record date established by Parent or by applicable law
for such Parent Meeting or Parent Consent, as the case may be (the "Beneficiary
Votes"), in respect of each matter, question, proposal or proposition to be
voted on at such Parent Meeting or in connection with such Parent Consent. 

4.3    Mailings to Beneficiaries

        With respect to
each Parent Meeting and Parent Consent, the Agent will mail or cause to be
mailed (or otherwise communicate in the same manner as Parent utilizes in
communications to holders of Parent Common Shares, subject to the Agent being
advised in writing of such method of communication and its ability to provide
such method) to each of the Beneficiaries named in the List referred to in
section 4.6, such mailing or communication to commence on the same day as the
mailing or notice (or other communication) with respect thereto is commenced by
Parent to its shareholders:

  (a)    a copy of such notice, together with
  any related materials to be provided to shareholders of Parent;

  (b)    a statement that such Beneficiary is
  entitled to instruct the Agent as to the exercise of the Beneficiary Votes
  with respect to such Parent Meeting or Parent Consent or, pursuant to section
  4.7, to attend such Parent Meeting and to exercise personally the Beneficiary
  Votes thereat;

  (c)    a statement as to the manner in which
  such instructions may be given to the Agent, including an express indication
  that instructions may be given to the Agent to give:

  
    (i)    a proxy to such Beneficiary or his
    designee to exercise personally the Beneficiary Votes; or

    (ii)    a proxy to a designated agent or
    other representative of the management of Parent to exercise such
    Beneficiary Votes;

  

  (d)    a statement that if no such
  instructions are received from the Beneficiary, the Beneficiary Votes to which
  such Beneficiary is entitled will not be exercised;

  (e)    a form of direction whereby the
  Beneficiary may so direct and instruct the Agent as contemplated herein; and

  (f)    a statement of the time and date by
  which such instructions must be received by the Agent in order to be binding
  upon it, which in the case of a Parent Meeting shall not be earlier than the
  close of business on the second Business Day prior to such meeting, and of the
  method for revoking or amending such instructions.

        The materials
referred to in sections 4.3(a) through 4.3(f) inclusive shall be provided by
Parent to the Agent.

        For the purpose of
determining Beneficiary Votes to which a Beneficiary is entitled in respect of
any Parent Meeting or Parent Consent, the number of Exchangeable Shares owned of
record by the Beneficiary shall be determined at the close of business on the
record date established by Parent or by applicable law for purposes of
determining shareholders entitled to vote at such Parent Meeting or to execute a
Parent Consent. Parent will notify the Agent of any decision of the Board of
Directors of Parent with respect to the calling of any Parent Meeting or the
seeking of a Parent Consent and shall provide all necessary information and
materials to the Agent in each case promptly and in any event in sufficient time
to enable the Agent to perform its obligations contemplated by this section 4.3.

4.4    Copies of Shareholder Information

        Parent will
deliver to the Agent copies of all proxy materials (including notices of Parent
Meetings but excluding proxies to vote Parent Common Shares), information
statements, reports (including without limitation, all interim and annual
financial statements) and other written communications that, in each case, are
to be distributed from time to time to holders of Parent Common Shares in
sufficient quantities and in sufficient time so as to enable the Agent to send
those materials to each Beneficiary at the same time as such materials are first
sent to holders of Parent Common Shares. The Agent will mail or otherwise send
to each Beneficiary, at the expense of Parent, copies of all such materials (and
all materials specifically directed to the Beneficiaries or to the Agent for the
benefit of the Beneficiaries by Parent) received by the Agent from Parent
contemporaneously with the sending of such materials to holders of Parent Common
Shares. The Agent will also make available for inspection by any Beneficiary at
the Agent's principal corporate office in the City of Toronto all proxy
materials, information statements, reports and other written communications that
are: 

  
    (a)    received by the Agent as the
    registered holder of the Special Voting Share and made available by Parent
    generally to the holders of Parent Common Shares; or

    (b)    specifically directed to the
    Beneficiaries or to the Agent for the benefit of the Beneficiaries by
    Parent.

  

4.5    Other Materials

        As soon as
reasonably practicable after receipt by Parent or shareholders of Parent (if
such receipt is known by Parent) of any material sent or given by or on behalf
of a third party to holders of Parent Common Shares generally, including without
limitation, dissident proxy and information circulars (and related information
and material) and tender and exchange offer circulars (and related information
and material), Parent shall use its reasonable efforts to obtain and deliver to
the Agent copies thereof in sufficient quantities so as to enable the Agent to
forward such material (unless the same has been provided directly to
Beneficiaries by such third party) to each Beneficiary as soon as possible
thereafter. As soon as practicable following receipt thereof, the Agent will
mail or otherwise send to each Beneficiary, at the expense of Parent, copies of
all such materials received by the Agent from Parent. The Agent will also make
available for inspection by any Beneficiary at the Agent's principal corporate
office in the City of Toronto copies of all such materials.

4.6    List of Persons Entitled to Vote

        Exchangeco shall,
(a) prior to each annual, general and special Parent Meeting or the seeking of
any Parent Consent and (b) forthwith upon each request made at any time by the
Agent in writing, prepare or cause to be prepared a list (a "List") of
the names and addresses of the Beneficiaries arranged in alphabetical order and
showing the number of Exchangeable Shares held of record by each such
Beneficiary, in each case at the close of business on the date specified by the
Agent in such request or, in the case of a List prepared in connection with a
Parent Meeting or a Parent Consent, at the close of business on the record date
established by Parent or pursuant to applicable law for determining the holders
of Parent Common Shares entitled to receive notice of and/or to vote at such
Parent Meeting or to give consent in connection with such Parent Consent. Each
such List shall be delivered to the Agent promptly after receipt by Exchangeco
of such request or the record date for such meeting or seeking of consent, as
the case may be, and in any event within sufficient time to permit the Agent to
perform its obligations under this Agreement. Parent agrees to give Exchangeco
notice (with a copy to the Agent) of the calling of any Parent Meeting or the
seeking of any Parent Consent, together with the record dates therefor,
sufficiently prior to the record date in connection with such meeting or seeking
of such consent so as to enable Exchangeco to perform its obligations under this
section 4.6.

4.7    Entitlement to Direct Votes

        Any Beneficiary
named in a List prepared in connection with any Parent Meeting or Parent Consent
will be entitled to (a) instruct the Agent in the manner described in section
4.3 with respect to the exercise of the Beneficiary Votes to which such
Beneficiary is entitled or (b) attend such meeting and personally exercise
thereat, as the proxy of the Agent, the Beneficiary Votes to which such
Beneficiary is entitled.

4.8    Voting by Agent and Attendance of Agent
Representative at Meeting

  (a)    In connection with each Parent
  Meeting and Parent Consent, the Agent shall exercise, either in person or by
  proxy, in accordance with the instructions received from a Beneficiary
  pursuant to section 4.3, the Beneficiary Votes to which such Beneficiary is
  entitled to direct the vote (or any lesser number thereof as may be set forth
  in the instructions); provided, however, that such written instructions are
  received by the Agent from the Beneficiary prior to the time and date fixed by
  the Agent for receipt of such instructions in the notice given by the Agent to
  the Beneficiary pursuant to section 4.3.

  (b)    The Agent shall cause a
  representative who is empowered by it to sign and deliver, on behalf of the
  Agent, proxies for Voting Rights to attend each Parent Meeting. Upon
  submission by a Beneficiary (or its designee) of identification satisfactory
  to the Agent's representative, and at the Beneficiary's request, such
  representative shall sign and deliver to such Beneficiary (or its designee) a
  proxy to exercise personally the Beneficiary Votes as to which such
  Beneficiary is otherwise entitled hereunder to direct the vote, if such
  Beneficiary either (i) has not previously given the Agent instructions
  pursuant to section 4.3 in respect of such meeting or (ii) submits to such
  representative written revocation of any such previous instructions. At such
  meeting, the Beneficiary exercising such Beneficiary Votes shall have the same
  rights as the Agent to speak at the meeting in respect of any matter,
  question, proposal or proposition, to vote by way of ballot at the meeting in
  respect of any matter, question, proposal or proposition, and to vote at such
  meeting by way of a show of hands in respect of any matter, question or
  proposition. Parent shall reimburse the Agent for any reasonable expenses
  incurred in the course of attending or causing a representative to attend each
  Parent Meeting.

4.9    Distribution of Written Materials

        Any written
materials distributed by the Agent pursuant to this Agreement shall be sent by
mail (or otherwise communicated in the same manner as Parent utilizes in
communications to holders of Parent Common Shares subject to the Agent being
advised in writing of such method of communication and its ability to provide
such method) to each Beneficiary at its address as shown on the books of
Exchangeco. Exchangeco shall provide or cause to be provided to the Agent for
this purpose, on a timely basis and without charge or other expense:

  (a)    a current List; and

  (b)    upon the request of the Agent,
  mailing labels to enable the Agent to carry out its duties under this
  Agreement.

4.10    Termination of Voting Rights

        All of the rights
of a Beneficiary with respect to the Beneficiary Votes exercisable in respect of
the Exchangeable Shares held by such Beneficiary, including the right to
instruct the Agent as to the voting of or to vote personally such Beneficiary
Votes, shall be deemed to be surrendered by the Beneficiary to Parent, and such
Beneficiary Votes and the Voting Rights represented thereby shall cease
immediately upon the redemption of Exchangeable Shares pursuant to section 6 or
7 of the Share Provisions, or upon the effective date of the liquidation,
dissolution or winding-up of Exchangeco pursuant to section 5 of the Share
Provisions or upon the purchase of the Exchangeable Shares by NovaScotiaco
pursuant to the exercise by NovaScotiaco of the Liquidation Call Right,
Redemption Call Right or Retraction Call Right.

Article 5

EXCHANGE RIGHT AND AUTOMATIC EXCHANGE

5.1    Grant and Ownership of the Exchange
Right; Automatic Exchange Rights

        Parent hereby
grants to the Agent as Agent for and on behalf of, and for the use and benefit
of, the Beneficiaries: (i) the right (the "Exchange Right"), upon the
occurrence and during the continuance of an Insolvency Event, to require Parent
to purchase from each or any Beneficiary all or any part of the Exchangeable
Shares held by the Beneficiary; and (ii) the Automatic Exchange Rights, all in
accordance with the provisions of this Agreement. Parent hereby acknowledges
receipt from the Agent as Agent for and on behalf of the Beneficiaries of good
and valuable consideration (and the adequacy thereof) for the grant of the
Exchange Right and the Automatic Exchange Rights by Parent to the Agent. During
the term of this Agreement and subject to the terms and conditions of this
Agreement, the Agent shall possess and be vested with full legal ownership of
the Exchange Right and the Automatic Exchange Rights and shall be entitled to
exercise all of the rights and powers of an owner with respect to the Exchange
Right and the Automatic Exchange Rights, provided that the Agent shall:

  (a)    hold the Exchange Right and the
  Automatic Exchange Rights and the legal title thereto as Agent solely for the
  use and benefit of the Beneficiaries in accordance with the provisions of this
  Agreement; and

  
  

  
  (b)    except as specifically authorized by
  this Agreement, have no power or authority to exercise or otherwise deal in or
  with the Exchange Right or the Automatic Exchange Rights, and the Agent shall
  not exercise any such rights for any purpose other than the purposes set out
  in this Agreement.

        

      
    
  

5.2    Legended Share Certificates

        Exchangeco will
cause each certificate representing Exchangeable Shares to bear an appropriate
legend notifying the Beneficiaries of:

  (a)    their right to instruct the Agent
  with respect to the exercise of the Exchange Right in respect of the
  Exchangeable Shares held by a Beneficiary; and

  
  

  
  (b)    the Automatic Exchange Rights.

        

      
    
  

5.3    General Exercise of Exchange Right

        The Exchange Right
shall be and remain vested in and exercisable by the Agent. Subject to section
7.14, the Agent shall exercise the Exchange Right only on the basis of
instructions received pursuant to this Article 5 from Beneficiaries entitled to
instruct the Agent as to the exercise thereof. To the extent that no
instructions are received from a Beneficiary with respect to the Exchange Right,
the Agent shall not exercise or permit the exercise of the Exchange Right.

5.4    Purchase Price

        The purchase price
payable by Parent for each Exchangeable Share to be purchased by Parent under
the Exchange Right shall be an amount per share equal to (a) the Current Market
Price of a Parent Common Share on the last Business Day prior to the day of
closing of the purchase and sale of such Exchangeable Share under the Exchange
Right, which shall be satisfied in full by Parent causing to be sent to such
holder one Parent Common Share, plus (b) to the extent not paid by Exchangeco,
an additional amount equivalent to the full amount of all declared and unpaid
dividends on each such Exchangeable Share held by such holder on any dividend
record date which occurred prior to the closing of the purchase and sale. The
purchase price for each such Exchangeable Share so purchased may be satisfied
only by Parent issuing and delivering or causing to be delivered to the Agent,
on behalf of the relevant Beneficiary, one Parent Common Share and on the
applicable payment date a cheque for the balance, if any, of the purchase price
without interest (but less any amounts withheld pursuant to section 5.13).

5.5    Exercise Instructions

        Subject to the
terms and conditions herein set forth, a Beneficiary shall be entitled , upon
the occurrence and during the continuance of an Insolvency Event, to instruct
the Agent to exercise the Exchange Right with respect to all or any part of the
Exchangeable Shares registered in the name of such Beneficiary on the books of
Exchangeco. To cause the exercise of the Exchange Right by the Agent, the
Beneficiary shall deliver to the Agent, in person or by certified or registered
mail, at its principal corporate office in Toronto, Ontario or at such other
places in Canada as the Agent may from time to time designate by written notice
to the Beneficiaries, the certificates representing the Exchangeable Shares
which such Beneficiary desires Parent to purchase, duly endorsed in blank for
transfer, and accompanied by such other documents and instruments as may be
required to effect a transfer of Exchangeable Shares under the Business
Corporations Act (Ontario)and the articles and by-laws of Exchangeco and
such additional documents and instruments as the Agent may reasonably require
together with (a) a duly completed form of notice of exercise of the Exchange
Right, contained on the reverse of or attached to the Exchangeable Share
certificates, stating (i) that the Beneficiary thereby instructs the Agent to
exercise the Exchange Right so as to require Parent to purchase from the
Beneficiary the number of Exchangeable Shares specified therein, (ii) that such
Beneficiary has good title to and owns all such Exchangeable Shares to be
acquired by Parent free and clear of all liens, claims and encumbrances, (iii)
the names in which the certificates representing Parent Common Shares issuable
in connection with the exercise of the Exchange Right are to be issued, (iv) the
names and addresses of the persons to whom such Parent Common Share certificates
should be delivered, and (v) payment (or evidence satisfactory to the Agent,
Exchangeco and Parent of payment) of the taxes (if any) payable as contemplated
by section 5.8 of this Agreement. If only a portion of the Exchangeable Shares
represented by any certificate or certificates delivered to the Agent are to be
purchased by Parent under the Exchange Right, a new certificate for the balance
of such Exchangeable Shares shall be issued to the holder at the expense of
Exchangeco.

5.6    Delivery of Parent Common Shares;
Effect of Exercise

        Promptly after
receipt of the certificates representing the Exchangeable Shares which the
Beneficiary desires Parent to purchase under the Exchange Right, together with
such documents and instruments of transfer and a duly completed form of notice
of exercise of the Exchange Right (and payment of taxes, if any, payable as
contemplated by section 5.8 or evidence thereof), duly endorsed for transfer to
Parent, the Agent shall notify Parent and Exchangeco of its receipt of the same,
which notice to Parent and Exchangeco shall constitute exercise of the Exchange
Right by the Agent on behalf of the holder of such Exchangeable Shares, and
Parent shall promptly thereafter deliver or cause to be delivered to the Agent,
for delivery to the Beneficiary of such Exchangeable Shares (or to such other
persons, if any, properly designated by such Beneficiary) the number of Parent
Common Shares issuable in connection with the exercise of the Exchange Right,
and on the applicable payment date cheques for the balance, if any, of the total
purchase price therefor without interest (but less any amounts withheld pursuant
to section 5.13); provided, however, that no such delivery shall be made unless
and until the Beneficiary requesting the same shall have paid the taxes (or
provided evidence satisfactory to the Agent, Exchangeco and Parent of the
payment of the taxes, if any, payable) as contemplated by section 5.8 of this
Agreement. Immediately upon the giving of notice by the Agent to Parent and
Exchangeco of the exercise of the Exchange Right as provided in this section
5.6, the closing of the transaction of purchase and sale contemplated by the
Exchange Right shall be deemed to have occurred and the holder of such
Exchangeable Shares shall be deemed to have transferred to Parent all of such
holder's right, title and interest in and to such Exchangeable Shares and the
related interest in the Special Voting Share and the benefit of the Support
Agreement and shall cease to be a holder of such Exchangeable Shares and shall
not be entitled to exercise any of the rights of a holder in respect thereof,
other than the right to receive his proportionate part of the total purchase
price therefor, unless the requisite number of Parent Common Shares is not
allotted, issued and delivered by Parent to the Agent within five Business Days
of the date of the giving of such notice by the Agent, in which case the rights
of the Beneficiary shall remain unaffected until such Parent Common Shares are
so allotted, issued and delivered by Parent. Upon delivery by Parent to the
Agent of such Parent Common Shares, the Agent shall deliver such Parent Common
Shares to such Beneficiary (or to such other persons, if any, properly
designated by such Beneficiary). Concurrently with such Beneficiary ceasing to
be a holder of Exchangeable Shares, the Beneficiary shall be considered and
deemed for all purposes to be the holder of Parent Common Shares delivered to it
pursuant to the Exchange Right.

5.7    Exercise of Exchange Right Subsequent
to Retraction

        In the event that
a Beneficiary has exercised its right under section 6 of the Share Provisions to
require Exchangeco to redeem any or all of the Exchangeable Shares held by the
Beneficiary (the "Retracted Shares") and is notified by Exchangeco
pursuant to section 6.6 of the Share Provisions that Exchangeco will not be
permitted as a result of solvency requirements of applicable law to redeem all
such Retracted Shares, and provided that NovaScotiaco shall not have exercised
the Retraction Call Right with respect to the Retracted Shares and that the
Beneficiary has not revoked the retraction request delivered by the Beneficiary
to Exchangeco pursuant to section 6.7 of the Share Provisions, the retraction
request will constitute and will be deemed to constitute notice from the
Beneficiary to the Agent instructing the Agent to exercise the Exchange Right
with respect to those Retracted Shares that Exchangeco is unable to redeem. In
any such event, Exchangeco hereby agrees with the Agent and in favour of the
Beneficiary promptly to forward or cause to be forwarded to the Agent all
relevant materials delivered by the Beneficiary to Exchangeco or to the transfer
agent of the Exchangeable Shares (including without limitation, a copy of the
retraction request delivered pursuant to section 6.1 of the Share Provisions) in
connection with such proposed redemption of the Retracted Shares and the Agent
will thereupon exercise the Exchange Right with respect to the Retracted Shares
that Exchangeco is not permitted to redeem and will require Parent to purchase
such shares in accordance with the provisions of this Article 5.

5.8    Stamp or Other Transfer Taxes

        Upon any sale of
Exchangeable Shares to Parent pursuant to the Exchange Right or the Automatic
Exchange Rights, the share certificate or certificates representing Parent
Common Shares to be delivered in connection with the payment of the total
purchase price therefor shall be issued in the name of the Beneficiary of the
Exchangeable Shares so sold or in such names as such Beneficiary may otherwise
direct in writing without charge to the holder of the Exchangeable Shares so
sold; provided, however, that such Beneficiary (a) shall pay (and none of
Parent, Exchangeco or the Agent shall be required to pay) any documentary,
stamp, transfer or other taxes that may be payable in respect of any transfer
involved in the issuance or delivery of such shares to a person other than such
Beneficiary or (b) shall have evidenced to the satisfaction of the Agent, Parent
and Exchangeco that such taxes, if any, have been paid.

5.9    Notice of Insolvency Event

        As soon as
practicable following the occurrence of an Insolvency Event or any event that
with the giving of notice or the passage of time or both would be an Insolvency
Event, Exchangeco and Parent shall give written notice thereof to the Agent. As
soon as practicable following the receipt of notice from Exchangeco and Parent
of the occurrence of an Insolvency Event, or upon the Agent becoming aware of an
Insolvency Event, the Agent will mail to each Beneficiary, at the expense of
Parent, a notice of such Insolvency Event, which notice shall contain a brief
statement of the rights of the Beneficiaries with respect to the Exchange Right.

5.10    Qualification of Parent Common Shares

        Parent covenants
that if any Parent Common Shares to be issued and delivered pursuant to the
Exchange Right or the Automatic Exchange Rights require registration or
qualification with or approval of or the filing of any document, including any
prospectus or similar document, or the taking of any proceeding with or the
obtaining of any order, ruling or consent from any governmental or regulatory
authority under any Canadian or United States federal, provincial or state law
or regulation or pursuant to the rules and regulations of any regulatory
authority or the fulfillment of any other Canadian or United States federal,
provincial or state legal requirement before such shares may be issued and
delivered by Parent to the initial holder thereof or in order that such shares
may be freely traded thereafter (other than any restrictions under Rule 144
or of general application on transfer by reason of a holder being a "control
person" of Parent for purposes of Canadian provincial securities law or an "affiliate"
of Parent for purposes of United States federal or state securities law), Parent
will in good faith expeditiously take all such actions and do all such things as
are necessary or desirable to cause such Parent Common Shares to be and remain
duly registered, qualified or approved. Parent will in good faith expeditiously
take all such actions and do all such things as are reasonably necessary or
desirable to cause all Parent Common Shares to be delivered pursuant to the
Exchange Right or the Automatic Exchange Rights to be listed, quoted or posted
for trading on all stock exchanges and quotation systems on which outstanding
Parent Common Shares have been listed by Parent and remain listed and are quoted
or posted for trading at such time.

5.11    Parent Common Shares

        Parent hereby
represents, warrants and covenants that the Parent Common Shares issuable as
described herein will be duly authorized and validly issued as fully paid and
non-assessable and shall be free and clear of any lien, claim or encumbrance.

5.12    Automatic Exchange on Liquidation of
Parent

  (a)    Parent will give the Agent written
  notice of each of the following events at the time set forth below:

  
    (i)    in the event of any determination
    by the board of directors of Parent to institute voluntary liquidation,
    dissolution or winding-up proceedings with respect to Parent or to effect
    any other distribution of assets of Parent among its shareholders for the
    purpose of winding up its affairs, at least 60 days prior to the proposed
    effective date of such liquidation, dissolution, winding-up or other
    distribution; and

    (ii)    as soon as practicable following
    the earlier of (A) receipt by Parent of notice of, and (B) Parent otherwise
    becoming aware of, any threatened or instituted claim, suit, petition or
    other proceedings with respect to the involuntary liquidation, dissolution
    or winding-up of Parent or to effect any other distribution of assets of
    Parent among its shareholders for the purpose of winding up its affairs, in
    each case where Parent has failed to contest in good faith any such
    proceeding commenced in respect of Parent within 30 days of becoming aware
    thereof.

  

            

          
        
        
      
    
  

  (b)    As soon as practicable following
  receipt by the Agent from Parent of notice of any event (a "Liquidation
  Event") contemplated by section 5.12(a)(i) or 5.12(a)(ii) above, the Agent
  will give notice thereof to the Beneficiaries. Such notice will be provided by
  Parent to the Agent and shall include a brief description of the automatic
  exchange of Exchangeable Shares for Parent Common Shares provided for in
  section 5.12(c).

  
  

  
  (c)    In order that the Beneficiaries will
  be able to participate on a pro rata basis with the holders of Parent
  Common Shares in the distribution of assets of Parent in connection with a
  Liquidation Event, on the fifth Business Day prior to the effective date (the
  "Liquidation Event Effective Date") of a Liquidation Event all of the
  then outstanding Exchangeable Shares shall be automatically exchanged for
  Parent Common Shares. To effect such automatic exchange, Parent shall purchase
  on the fifth Business Day prior to the Liquidation Event Effective Date each
  Exchangeable Share then outstanding and held by Beneficiaries, and each
  Beneficiary shall sell the Exchangeable Shares held by it at such time, for a
  purchase price per share equal to (a) the Current Market Price of a Parent
  Common Share on the fifth Business Day prior to the Liquidation Event
  Effective Date, which shall be satisfied in full by Parent issuing to the
  Beneficiary one Parent Common Share, and (b) to the extent not paid by
  Exchangeco, an additional amount equivalent to the full amount of all declared
  and unpaid dividends on each such Exchangeable Share held by such holder on
  any dividend record date which occurred prior to the date of the exchange.

        

        
      
    
  

  (d)    On the fifth Business Day prior to
  the Liquidation Event Effective Date, the closing of the transaction of
  purchase and sale contemplated by the automatic exchange of Exchangeable
  Shares for Parent Common Shares shall be deemed to have occurred, and each
  Beneficiary shall be deemed to have transferred to Parent all of the
  Beneficiary's right, title and interest in and to such Beneficiary's
  Exchangeable Shares and the related interest in the Special Voting Share and
  the benefit of the Support Agreement and shall cease to be a holder of such
  Exchangeable Shares and Parent shall issue to the Beneficiary the Parent
  Common Shares issuable upon the automatic exchange of Exchangeable Shares for
  Parent Common Shares and on the applicable payment date shall deliver to the
  Agent for delivery to the Beneficiary a cheque for the balance, if any, of the
  total purchase price for such Exchangeable Shares without interest but less
  any amounts withheld pursuant to section 5.13. Concurrently with such
  Beneficiary ceasing to be a holder of Exchangeable Shares, the Beneficiary
  shall be considered and deemed for all purposes to be the holder of Parent
  Common Shares issued pursuant to the automatic exchange of Exchangeable Shares
  for Parent Common Shares and the certificates held by the Beneficiary
  previously representing the Exchangeable Shares exchanged by the Beneficiary
  with Parent pursuant to such automatic exchange shall thereafter be deemed to
  represent Parent Common Shares issued to the Beneficiary by Parent pursuant to
  such automatic exchange. Upon the request of a Beneficiary and the surrender
  by the Beneficiary of Exchangeable Share certificates deemed to represent
  Parent Common Shares, duly endorsed in blank and accompanied by such
  instruments of transfer as Parent may reasonably require, Parent shall deliver
  or cause to be delivered to the Beneficiary certificates representing Parent
  Common Shares of which the Beneficiary is the holder.

        

      
    
  

5.13    Withholding Rights

        Parent and
Exchangeco shall be entitled to deduct and withhold from any consideration
otherwise payable under this Agreement to any holder of Exchangeable Shares or
Parent Common Shares such amounts as Parent or Exchangeco is required or
permitted to deduct and withhold with respect to such payment under the 
Income Tax Act (Canada), the United States Internal Revenue Code of 1986 or
any provision of provincial, state, local or foreign tax law, in each case as
amended or succeeded. To the extent that amounts are so withheld, such withheld
amounts shall be treated for all purposes as having been paid to the holder of
the shares in respect of which such deduction and withholding was made, provided
that such withheld amounts are actually remitted to the appropriate taxing
authority. To the extent that the amount so required or permitted to be deducted
or withheld from any payment to a holder exceeds the cash portion of the
consideration otherwise payable to the holder, Parent and Exchangeco are hereby
authorized to sell or otherwise dispose of such portion of the consideration as
is necessary to provide sufficient funds to Parent or Exchangeco, as the case
may be, to enable it to comply with such deduction or withholding requirement
and Parent or Exchangeco shall notify the holder thereof and remit to such
holder any unapplied balance of the net proceeds of such sale. Parent represents
and warrants that, based upon facts currently known to it, it has no current
intention, as at the date of this Agreement, to deduct or withhold from any
dividend paid to holders of Exchangeable Shares any amounts under the United
States Internal Revenue Code of 1986.

Article 6

RESTRICTIONS ON ISSUE OF special voting share

6.1    Issue of Additional Shares

        During the term of
this Agreement, Parent shall not, without the consent of the holders at the
relevant time of Exchangeable Shares, given in accordance with section 11.2 of
the Share Provisions, issue any Special Voting Shares in addition to the Special
Voting Share.

Article 7

CONCERNING THE AGENT

7.1    Powers and Duties of the Agent

        The rights,
powers, duties and authorities of the Agent under this Agreement, in its
capacity as Agent, shall include:

  (a)    receipt and deposit of the Special
  Voting Share from Parent as Agent for and on behalf of the Beneficiaries in
  accordance with the provisions of this Agreement;

  (b)    granting proxies and distributing
  materials to Beneficiaries as provided in this Agreement;

  (c)    voting the Beneficiary Votes in
  accordance with the provisions of this Agreement; 

  (d)    receiving the grant of the Exchange
  Right and the Automatic Exchange Rights from Parent as Agent for and on behalf
  of the Beneficiaries in accordance with the provisions of this Agreement; 

  (e)    exercising the Exchange Right and
  enforcing the benefit of the Automatic Exchange Rights, in each case in
  accordance with the provisions of this Agreement, and in connection therewith
  receiving from Beneficiaries Exchangeable Shares and other requisite documents
  and distributing to such Beneficiaries Parent Common Shares and cheques, if
  any, to which such Beneficiaries are entitled upon the exercise of the
  Exchange Right or pursuant to the Automatic Exchange Rights, as the case may
  be;

  (f)    receiving the benefit of the Support
  Agreement from Parent as Agent for and on behalf of the Beneficiaries in
  accordance with the provisions thereof and of this Agreement;

  (g)    enforcing the benefit of the Support
  Agreement in accordance with the provisions thereof and of this Agreement;

  (h)    holding title to the Special Voting
  Share and the benefit of the Support Agreement;

  (i)    taking action on its own initiative
  or at the direction of a Beneficiary or Beneficiaries to enforce the
  obligations of Parent and Exchangeco under this Agreement and the Support
  Agreement; and

  (j)    taking such other actions and doing
  such other things as are specifically provided in this Agreement.

        In the exercise of
such rights, powers, duties and authorities, the Agent shall have (and is
granted) such incidental and additional rights, powers, duties and authority not
in conflict with any of the provisions of this Agreement as the Agent, acting in
good faith and in the reasonable exercise of its discretion, may deem necessary,
appropriate or desirable to effect the purpose of this Agreement. Any exercise
of such discretionary rights, powers, duties, and authorities by the Agent shall
be final, conclusive and binding upon all persons.

        The Agent in
exercising its rights, powers, duties and authorities hereunder shall act
honestly and in good faith and with a view to the best interests of the
Beneficiaries and shall exercise the care, diligence and skill that a reasonably
prudent Agent would exercise in comparable circumstances.

7.2    No Conflict of Interest

        The Agent
represents to Parent and Exchangeco that at the date of execution and delivery
of this Agreement there exists no material conflict of interest in the role of
the Agent as a fiduciary hereunder and the role of the Agent in any other
capacity. The Agent shall, within 90 days after it becomes aware that such
material conflict of interest exists, either eliminate such material conflict of
interest or resign in the manner and with the effect specified in Article 10
herein. If, notwithstanding the foregoing provisions of this section 7.2, the
Agent has such a material conflict of interest, the validity and enforceability
of this Agreement shall not be affected in any manner whatsoever by reason only
of the existence of such material conflict of interest. If the Agent contravenes
the foregoing provisions of this section 7.2, any interested party may apply to
the Ontario Court of Justice (General Division) for an order that the Agent be
replaced as Agent hereunder.

7.3    Dealings with Transfer Agents,
Registrars, etc.

        Parent and
Exchangeco irrevocably authorize the Agent, from time to time, to: 

  (a)    consult, communicate and otherwise
  deal with the respective registrars and transfer agents, and with any such
  subsequent registrar or transfer agent, of the Exchangeable Shares and Parent
  Common Shares; and 

  (b)    requisition from time to time, (i)
  from any such registrar or transfer agent any information readily available
  from the records maintained by it which the Agent may reasonably require for
  the discharge of its duties and responsibilities under this Agreement and (ii)
  from the transfer agent of Parent Common Shares, and any subsequent transfer
  agent of such shares, the share certificates issuable upon the exercise from
  time to time of the Exchange Right and pursuant to the Automatic Exchange
  Rights. 

        

      
    
  

        Parent and
Exchangeco irrevocably authorize their respective registrars and transfer agents
to comply with all such requests. Parent covenants that it will supply its
transfer agent with duly executed share certificates for the purpose of
completing the exercise from time to time of the Exchange Right and the
Automatic Exchange Rights. 

7.4    Books and Records

        The Agent shall
keep available for inspection by Parent and Exchangeco at the Agent's principal
corporate office in Toronto, Ontario correct and complete books and records of
account relating to the agency created by this Agreement, including without
limitation, all relevant data relating to mailings and instructions to and from
Beneficiaries. On or before March 31, 2002, and on or before March 31 in every
year thereafter, so long as the Special Voting Share is on deposit with the
Agent, the Agent shall transmit to Parent and Exchangeco a brief report, dated
as of the preceding December 31st, with respect to:

  (a)    the number of exercises of the
  Exchange Right, if any, and the aggregate number of Exchangeable Shares
  received by the Agent on behalf of the Beneficiaries in consideration of the
  issuance by Parent of Parent Common Shares in connection with the Exchange
  Right, during the calendar year ended on such December 31st; and
  

  (b)    any action taken by the Agent in the
  performance of its duties under this Agreement which it had not previously
  reported and which, in the Agent's opinion, materially affects the Special
  Voting Share and the benefit of the Support Agreement.

        

      
    
  

7.5    Indemnification Prior to Certain
Actions by Agent

        The Agent shall
exercise any or all of the rights, duties, powers or authorities vested in it by
this Agreement at the request, order or direction of any Beneficiary upon such
Beneficiary furnishing to the Agent reasonable security or indemnity against the
costs, expenses and liabilities which may be incurred by the Agent therein or
thereby, provided that no Beneficiary shall be obligated to furnish to the Agent
any such security or indemnity in connection with the exercise by the Agent of
any of its rights, duties, powers and authorities with respect to the Special
Voting Share pursuant to Article 4, subject to section 7.14.

        None of the
provisions contained in this Agreement shall require the Agent to expend or risk
its own funds or otherwise incur financial liability in the exercise of any of
its rights, powers, duties, or authorities unless funded, given security and
indemnified as aforesaid.

7.6    Action of Beneficiaries

        No Beneficiary
shall have the right to institute any action, suit or proceeding or to exercise
any other remedy authorized by this Agreement for the purpose of enforcing any
of its rights hereunder or in connection with the Exchangeable Shares or for the
execution of any trust or power hereunder unless the Beneficiary has requested
the Agent to take or institute such action, suit or proceeding and furnished the
Agent with the security or indemnity referred to in section 7.5 and the Agent
shall have failed to act within a reasonable time thereafter. In such case, but
not otherwise, the Beneficiary shall be entitled to take proceedings in any
court of competent jurisdiction such as the Agent might have taken; it being
understood and intended that no one or more Beneficiaries shall have any right
in any manner whatsoever to affect, disturb or prejudice the rights hereby
created by any such action, or to enforce any right hereunder or the Voting
Rights, except subject to the conditions and in the manner herein provided, and
that all powers hereunder shall be exercised and all proceedings at law shall be
instituted, had and maintained by the Agent, except only as herein provided, and
in any event for the equal benefit of all Beneficiaries.

7.7    Reliance Upon Declarations

        The Agent shall
not be considered to be in contravention of any its rights, powers, duties and
authorities hereunder if, when required, it acts and relies in good faith upon
statutory declarations, certificates, opinions or reports furnished pursuant to
the provisions hereof or required by the Agent to be furnished to it in the
exercise of its rights, powers, duties and authorities hereunder if such
statutory declarations, certificates, opinions or reports comply with the
provisions of section 7.8, if applicable, and with any other applicable
provisions of this Agreement.

7.8    Evidence and Authority to Agent

        Parent and/or
Exchangeco shall furnish to the Agent evidence of compliance with the conditions
provided for in this Agreement relating to any action or step required or
permitted to be taken by Parent and/or Exchangeco or the Agent under this
Agreement or as a result of any obligation imposed under this Agreement,
including, without limitation, in respect of the Voting Rights or the Exchange
Right or the Automatic Exchange Rights and the taking of any other action to be
taken by the Agent at the request of or on the application of Parent and/or
Exchangeco promptly if and when:

  (a)    such evidence is required by any
  other section of this Agreement to be furnished to the Agent in accordance
  with the terms of this section 7.8; or

  (b)    the Agent, in the exercise of its
  rights, powers, duties and authorities under this Agreement, gives Parent
  and/or Exchangeco written notice requiring it to furnish such evidence in
  relation to any particular action or obligation specified in such notice.

        Such evidence
shall consist of an Officer's Certificate of Parent and/or Exchangeco or a
statutory declaration or a certificate made by persons entitled to sign an
Officer's Certificate stating that any such condition has been complied with in
accordance with the terms of this Agreement.

        Whenever such
evidence relates to a matter other than the Voting Rights or the Exchange Right
or the Automatic Exchange Rights or the taking of any other action to be taken
by the Agent at the request or on the application of Parent and/or Exchangeco,
and except as otherwise specifically provided herein, such evidence may consist
of a report or opinion of any solicitor, attorney, auditor, accountant,
appraiser, valuer, engineer or other expert or any other person whose
qualifications give authority to a statement made by him, provided that if such
report or opinion is furnished by a director, officer or employee of Parent
and/or Exchangeco it shall be in the form of an officer's certificate or a
statutory declaration.

        Each statutory
declaration, officer's certificate, opinion or report furnished to the Agent as
evidence of compliance with a condition provided for in this Agreement shall
include a statement by the person giving the evidence:

  (a)    declaring that he has read and
  understands the provisions of this Agreement relating to the condition in
  question;

  (b)    describing the nature and scope of
  the examination or investigation upon which he based the statutory
  declaration, certificate, statement or opinion; and

  (c)    declaring that he has made such
  examination or investigation as he believes is necessary to enable him to make
  the statements or give the opinions contained or expressed therein.

7.9    Experts, Advisers and Agents

The Agent may:

  (a)    in relation to these presents act and
  rely on the opinion or advice of or information obtained from any solicitor,
  attorney, auditor, accountant, appraiser, valuer, engineer or other expert,
  whether retained by the Agent or by Parent and/or Exchangeco or otherwise, and
  may employ such assistants as may be necessary to the proper discharge of its
  powers and duties and determination of its rights hereunder and may pay proper
  and reasonable compensation for all such legal and other advice or assistance
  as aforesaid; and

  (b)    employ such agents and other
  assistants as it may reasonably require for the proper discharge of its powers
  and duties hereunder, and may pay reasonable remuneration for all services
  performed for it (and shall be entitled to receive reasonable remuneration for
  all services performed by it) and compensation for all disbursements, costs
  and expenses made or incurred by it in the discharge of its duties hereunder.

7.10    Investment of Moneys Held by Agent

        Unless otherwise
provided in this Agreement, any moneys held by or on behalf of the Agent which
under the terms of this Agreement may or ought to be invested or which may be in
the hands of the Agent may be deposited in the name of the Agent in any loan or
trust company authorized to accept deposits under the laws of Canada or any
province thereof at the rate of interest then current on similar deposits.

7.11    Agent Not Required to Give Security

        The Agent shall
not be required to give any bond or security in respect of the execution of the
rights, duties, powers and authorities of this Agreement or otherwise in respect
of the premises.

7.12    Agent Not Bound to Act on Request

        Except as in this
Agreement otherwise specifically provided, the Agent shall not be bound to act
in accordance with any direction or request of Parent and/or Exchangeco or of
the directors thereof until a duly authenticated copy of the instrument or
resolution containing such direction or request shall have been delivered to the
Agent, and the Agent shall be empowered to act upon any such copy purporting to
be authenticated and believed by the Agent to be genuine.

7.13    Authority to Carry on Business

        The Agent
represents to Parent and Exchangeco that at the date of execution and delivery
by it of this Agreement it is authorized to carry on business in each of the
Provinces of Canada but if, notwithstanding the provisions of this section 7.13,
it ceases to be so authorized to carry on business, the validity and
enforceability of this Agreement and the Voting Rights, the Exchange Right and
the Automatic Exchange Rights shall not be affected in any manner whatsoever by
reason only of such event but the Agent shall, within 90 days after ceasing to
be authorized to carry on business in any Province of Canada, either become so
authorized or resign in the manner and with the effect specified in Article 10.

7.14    Conflicting Claims

        If conflicting
claims or demands are made or asserted with respect to any interest of any
Beneficiary in any Exchangeable Shares, including any disagreement between the
heirs, representatives, successors or assigns succeeding to all or any part of
the interest of any Beneficiary in any Exchangeable Shares, resulting in
conflicting claims or demands being made in connection with such interest, then
the Agent shall be entitled, at its sole discretion, to refuse to recognize or
to comply with any such claims or demands. In so refusing, the Agent may elect
not to exercise any Voting Rights, Exchange Rights or Automatic Exchange Rights
subject to such conflicting claims or demands and, in so doing, the Agent shall
not be or become liable to any person on account of such election or its failure
or refusal to comply with any such conflicting claims or demands. The Agent
shall be entitled to continue to refrain from acting and to refuse to act until:

  (a)    the rights of all adverse claimants
  with respect to the Voting Rights, Exchange Right or Automatic Exchange Rights
  subject to such conflicting claims or demands have been adjudicated by a final
  judgment of a court of competent jurisdiction; or

  (b)    all differences with respect to the
  Voting Rights, Exchange Right or Automatic Exchange Rights subject to such
  conflicting claims or demands have been conclusively settled by a valid
  written agreement binding on all such adverse claimants, and the Agent shall
  have been furnished with an executed copy of such agreement certified to be in
  full force and effect.

          If the Agent
  elects to recognize any claim or comply with any demand made by any such
  adverse claimant, it may in its discretion require such claimant to furnish
  such surety bond or other security satisfactory to the Agent as it shall deem
  appropriate to fully indemnify it as between all conflicting claims or
  demands.

7.15    Acceptance of Appointment

        The Agent hereby
accepts its appointment as Agent pursuant to this Agreement and agrees to
perform the same upon the terms and conditions herein set forth, subject to all
the terms and conditions herein set forth.

7.16    Liability of Agent

        The Agent shall
incur no liability with respect to the delivery or non-delivery of any
certificate or certificates whether delivered by hand, mail or any other means.

        The Agent in its
personal or any other capacity, may buy, lend upon and deal in securities of
Parent or Exchangeco and generally may contract and enter into financial
transactions with Parent or Exchangeco or any of their Affiliates without being
liable to account for any profit made thereby.

        The Agent shall
not be bound to give any notice or do or take any act, action or proceeding by
virtue of the powers conferred on it hereby unless and until it shall be
specifically required to do so under the terms hereof; nor shall the Agent be
required to take any notice of, or to do so or to take any act, action or
proceeding as a result of any default or breach of any provision hereunder
unless and until notified in writing of such default or breach, which notice
shall distinctly specify the default or breach desired to be brought to the
attention of the Agent and in the absence of such notice the Agent may for all
purposes of this agreement to conclusively assume that no default or breach has
been made in the observance or performance of any of the representations,
warranties, covenants, agreements or conditions contained herein.

        The Agent shall
not be obligated to disburse any funds beyond those which have been provided to
it for forwarding to Beneficiaries. 

        The Agent shall
not be responsible for the validity or quantity of shares or securities that it
receives as a result of exchange.

Article 8

COMPENSATION

8.1    Fees and Expenses of the Agent

        Parent and
Exchangeco jointly and severally agree to pay the Agent reasonable compensation
for all of the services rendered by it under this Agreement and will reimburse
the Agent for all reasonable expenses (including taxes other than taxes based on
the net income of the Agent) and disbursements, including the fees and expenses
of experts, advisers and agents retained pursuant to section 7.9, and including
the cost and expense of any suit or litigation of any character and any
proceedings before any governmental agency reasonably incurred by the Agent in
connection with its duties under this Agreement; provided that Parent and
Exchangeco shall have no obligation to reimburse the Agent for any expenses or
disbursements paid, incurred or suffered by the Agent in any suit or litigation
in which the Agent is determined to have acted in bad faith or with negligence,
recklessness or willful misconduct.

Article 9

INDEMNIFICATION AND LIMITATION OF LIABILITY

9.1    Indemnification of the Agent

        Parent and
Exchangeco jointly and severally agree to indemnify and hold harmless the Agent
and each of its directors, officers and agents appointed and acting in
accordance with this Agreement (collectively, the "Indemnified Parties")
against all claims, losses, damages, reasonable costs, penalties, fines and
reasonable expenses (including reasonable expenses of the Agent's legal counsel)
which, without fraud, negligence, recklessness, willful misconduct or bad faith
on the part of such Indemnified Party, may be paid, incurred or suffered by the
Indemnified Party by reason or as a result of the Agent's acceptance its
appointment as Agent, its compliance with its duties set forth in this
Agreement, or any written or oral instruction delivered to the Agent by Parent
or Exchangeco pursuant hereto.

        In no case shall
Parent or Exchangeco be liable under this indemnity for any claim against any of
the Indemnified Parties unless Parent and Exchangeco shall be notified by the
Agent of the written assertion of a claim or of any action commenced against the
Indemnified Parties, promptly after any of the Indemnified Parties shall have
received any such written assertion of a claim or shall have been served with a
summons or other first legal process giving information as to the nature and
basis of the claim. Subject to (ii) below, Parent and Exchangeco shall be
entitled to participate at their own expense in the defence and, if Parent and
Exchangeco so elect at any time after receipt of such notice, either of them may
assume the defence of any suit brought to enforce any such claim. The Agent
shall have the right to employ separate counsel in any such suit and participate
in the defence thereof but the fees and expenses of such counsel shall be at the
expense of the Agent unless: (i) the employment of such counsel has been
authorized by Parent or Exchangeco, such authorization not to be unreasonably
withheld; (ii) the named parties to any such suit include both the Agent and
Parent or Exchangeco and the Agent shall have been advised by counsel acceptable
to Parent or Exchangeco that there may be one or more legal defences available
to the Agent that are different from or in addition to those available to Parent
or Exchangeco and that, in the judgment of such counsel, would present a
conflict of interest were a joint representation to be undertaken (in which case
Parent and Exchangeco shall not have the right to assume the defence of such
suit on behalf of the Agent but shall be liable to pay the reasonable fees and
expenses of counsel for the Agent); or (iii) Parent and/or Exchangeco shall not
have retained legal counsel on behalf of the Agent within a reasonable amount of
time after it has given them notice of a written assertion of a claim or action
against any indemnified party. Such indemnification shall survive the
resignation and removal of the Agent and termination of this agreement.

9.2    Limitation of Liability

        The Agent shall
not be held liable for any loss which may occur by reason of depreciation of the
value of any part of the Special Voting Share and the benefit of the Support
Agreement or any loss incurred on any investment of funds pursuant to this
Agreement, except to the extent that such loss is attributable to the fraud,
negligence, recklessness, willful misconduct or bad faith on the part of the
Agent.

Article 10

CHANGE OF AGENT

10.1    Resignation

        The Agent, or any
Agent hereafter appointed, may at any time resign by giving written notice of
such resignation to Parent and Exchangeco specifying the date on which it
desires to resign, provided that such notice shall not be given less than one
month before such desired resignation date unless Parent and Exchangeco
otherwise agree and provided further that such resignation shall not take effect
until the date of the appointment of a successor Agent and the acceptance of
such appointment by the successor Agent. Upon receiving such notice of
resignation, Parent and Exchangeco shall, with the approval of a majority of the
holders of Exchangeable Shares in accordance with section 11.2 of the Share
Provisions, promptly appoint a successor Agent by written instrument in
duplicate, one copy of which shall be delivered to the resigning Agent and one
copy to the successor Agent. Failing acceptance by a successor Agent, a
successor Agent may be appointed by an order of the Superior Court of Justice of
Ontario upon application of one or more of the Parties hereto.

10.2    Removal

        The Agent, or any
Agent hereafter appointed, may (provided a successor Agent is appointed) be
removed at any time on not less than 30 days' prior written notice by
affirmative vote of a majority of holders of Exchangeable Shares in accordance
with section 11.2 of the Share Provisions.

10.3    Successor Agent

        Any successor
Agent appointed as provided under this Agreement shall execute, acknowledge and
deliver to Parent and Exchangeco and to its predecessor Agent an instrument
accepting such appointment. Thereupon the resignation or removal of the
predecessor Agent shall become effective and such successor Agent, without any
further act, deed or conveyance, shall become vested with all the rights,
powers, duties and obligations of its predecessor under this Agreement, with the
like effect as if originally named as Agent in this Agreement. However, on the
written request of Parent and Exchangeco or of the successor Agent, the Agent
ceasing to act shall, upon payment of any amounts then due it pursuant to the
provisions of this Agreement, execute and deliver an instrument transferring to
such successor Agent all the rights and powers of the Agent so ceasing to act.
Upon the request of any such successor Agent, Parent, Exchangeco and such
predecessor Agent shall execute any and all instruments in writing for more
fully and certainly vesting in and confirming to such successor Agent all such
rights and powers.

10.4    Notice of Successor Agent

        Upon acceptance of
appointment by a successor Agent as provided herein, Parent and Exchangeco shall
cause to be mailed notice of the succession of such Agent hereunder to each
Beneficiary specified in a List. If Parent or Exchangeco shall fail to cause
such notice to be mailed within 10 days after acceptance of appointment by the
successor Agent, the successor Agent shall cause such notice to be mailed at the
expense of Parent and Exchangeco.

Article 11

Parent SUCCESSORS

11.1    Certain Requirements in Respect of
Combination, etc.

        Parent and
Exchangeco shall not consummate any transaction (whether by way of
reconstruction, reorganization, consolidation, merger, transfer, sale, lease or
otherwise) whereby all or substantially all of its undertaking, property and
assets would become the property of any other person or, in the case of a
merger, of the continuing corporation resulting therefrom unless, but may do so
if:

  (a)    such other person or continuing
  corporation (herein called the "Parent Successor"), by operation
  of law, becomes, without more, bound by the terms and provisions of this
  Agreement or, if not so bound, executes, prior to or contemporaneously with
  the consummation of such transaction, a Agreement supplemental hereto and such
  other instruments (if any) as are satisfactory to the Agent, acting
  reasonably, and in the opinion of legal counsel to the Agent are reasonably
  necessary or advisable to evidence the assumption by the Parent Successor of
  liability for all moneys payable and property deliverable hereunder and the
  covenant of such Parent Successor to pay and deliver or cause to be delivered
  the same and its agreement to observe and perform all the covenants and
  obligations of Parent under this Agreement; and

  (b)    such transaction shall, to the
  satisfaction of the Agent, acting reasonably, and in the opinion of legal
  counsel to the Agent, be upon such terms and conditions as substantially to
  preserve and not to impair in any material respect any of the rights, duties,
  powers and authorities of the Agent or of the Beneficiaries hereunder.

11.2    Vesting of Powers in Successor

        Whenever the
conditions of section 11.1 have been duly observed and performed, the Agent and,
if required by section 11.1, Parent Successor and Exchangeco or Parent, as the
case may be, shall execute and deliver the supplemental Agreement provided for
in Article 12 and thereupon Parent Successor shall possess and from time to time
may exercise each and every right and power of Exchangeco or Parent, as the case
may be, under this Agreement in the name of Parent or otherwise any act or
proceeding by any provision of this Agreement required to be done or performed
by the Board of Directors of Parent or any officers of Parent may be done and
performed with like force and effect by the directors or officers of such Parent
Successor.

11.3    Wholly-Owned Subsidiaries

        Nothing herein
shall be construed as preventing the amalgamation or merger of any wholly-owned
direct or indirect subsidiary of Parent, except Exchangeco, with or into Parent
or the winding-up, liquidation or dissolution of any wholly-owned subsidiary of
Parent, other than Exchangeco, provided that all of the assets of such
subsidiary are transferred to Parent or another wholly-owned direct or indirect
subsidiary of Parent, except Exchangeco, and any such transactions are expressly
permitted by this Article 11.

Article 12

AMENDMENTS AND SUPPLEMENTAL AGREEMENTS

12.1    Amendments, Modifications, etc.

        This Agreement may
not be amended or modified except by an agreement in writing executed by Parent,
Exchangeco and the Agent and approved by the Beneficiaries in accordance with
subsection 11.2 of the Share Provisions.

12.2    Ministerial Amendments

        Notwithstanding
the provisions of section 12.1, the Parties may in writing, at any time and from
time to time, without the approval of the Beneficiaries, amend or modify this
Agreement for the purposes of:

  (a)    adding to the covenants of any or all
  parties hereto for the protection of the Beneficiaries hereunder provided that
  the Board of Directors of each of Exchangeco and Parent and the Agent and its
  counsel shall be of the good faith opinion that such additions will not be
  prejudicial to the rights or interests of the Beneficiaries;

  (b)    making such amendments or
  modifications not inconsistent with this Agreement as may be necessary or
  desirable with respect to matters or questions which, in the good faith
  opinion of the Board of Directors of each of Parent and Exchangeco and in the
  opinion of the Agent and its counsel, having in mind the best interests of the
  Beneficiaries it may be expedient to make, provided that such Boards of
  Directors and the Agent shall be of the opinion that such amendments and
  modifications will not be prejudicial to the interests of the Beneficiaries;
  or

  (c)    making such changes or corrections
  which, on the advice of counsel to Parent, Exchangeco and the Agent and its
  counsel, are required for the purpose of curing or correcting any ambiguity or
  defect or inconsistent provision or clerical omission or mistake or manifest
  error, provided that the Agent and the Board of Directors of each of Parent
  and Exchangeco shall be of the opinion that such changes or corrections will
  not be prejudicial to the rights and interests of the Beneficiaries.

12.3    Meeting to Consider Amendments

        Exchangeco, at the
request of Parent, shall call a meeting or meetings of the Beneficiaries for the
purpose of considering any proposed amendment or modification requiring approval
pursuant hereto. Any such meeting or meetings shall be called and held in
accordance with the articles and by-laws of Exchangeco, the Share Provisions and
all applicable laws.

12.4    Changes in Capital of Parent and
Exchangeco

        At all times after
the occurrence of any event contemplated pursuant to section 2.7 or 2.8 of the
Support Agreement or otherwise, as a result of which either Parent Common Shares
or the Exchangeable Shares or both are in any way changed, this Agreement shall
forthwith be amended and modified as necessary in order that it shall apply with
full force and effect, with appropriate changes to all new securities into which
Parent Common Shares or the Exchangeable Shares or both are so changed and the
parties hereto shall execute and deliver a supplemental Agreement giving effect
to and evidencing such necessary amendments and modifications.

12.5    Execution of Supplemental Agreements

        No amendment to or
modification or waiver of any of the provisions of this Agreement otherwise
permitted hereunder shall be effective unless made in writing and signed by all
of the Parties hereto. From time to time Exchangeco (when authorized by a
resolution of its Board of Directors), Parent (when authorized by a resolution
of its board of directors) and the Agent may, subject to the provisions of these
presents, and they shall, when so directed by these presents, execute and
deliver by their proper officers, Agreements or other instruments supplemental
hereto, which thereafter shall form part hereof, for any one or more of the
following purposes:

  (a)    evidencing the succession of Parent
  Successors and the covenants of and obligations assumed by each such Parent
  Successor in accordance with the provisions of Article 11 and the successors
  of any successor Agent in accordance with the provisions of Article 10;

  (b)    making any additions to, deletions
  from or alterations of the provisions of this Agreement or the Voting Rights,
  the Exchange Right or the Automatic Exchange Rights which, in the opinion of
  the Agent and its counsel, will not be prejudicial to the interests of the
  Beneficiaries or are, in the opinion of counsel to the Agent, necessary or
  advisable in order to incorporate, reflect or comply with any legislation the
  provisions of which apply to Parent, Exchangeco, the Agent or this Agreement;
  and

  (c)    for any other purposes not
  inconsistent with the provisions of this Agreement, including without
  limitation, to make or evidence any amendment or modification to this
  Agreement as contemplated hereby, provided that, in the opinion of the Agent
  and its counsel, the rights of the Agent and Beneficiaries will not be
  prejudiced thereby.

Article 13

TERMINATION

13.1    Term

  This Agreement shall continue until the earliest to occur
  of the following events:

  (a)    no outstanding Exchangeable Shares
  are held by a Beneficiary; and

  (b)    each of Parent and Exchangeco elects
  in writing to terminate this Agreement and such termination is approved by the
  Beneficiaries in accordance with subsection 11.2 of the Share Provisions.

13.2    Survival

  The provisions of Articles 8 and 9 shall survive any
  termination of this Agreement.

Article 14

GENERAL

14.1    Severability

        If any provision
of this Agreement is held to be invalid, illegal or unenforceable, the validity,
legality or enforceability of the remainder of this Agreement shall not in any
way be affected or impaired thereby and the Agreement shall be carried out as
nearly as possible in accordance with its original terms and conditions.

14.2    Enurement

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

14.3    Notices to Parties

        All notices and
other communications between the Parties shall be in writing and shall be deemed
to have been given if delivered personally or by confirmed telecopy to the
parties at the following addresses (or at such other address for such party as
shall be specified in like notice):

        if to Parent or
Exchangeco:

               
Ideal Accents Inc.

               
10200 W. Eight Mile

               
Ferndale, Michigan 48220

               
Attention: Joseph O'Connor

               
Tel: (248) 542-1100

               
Fax: (248) 542-1105

        with a copy to:

               
Somani Holdings Inc.

               
595 Middlefield Road

               
Units #11 and 12

               
Scarborough, Ontario

               
M1V 3S2

               
Attention: Ayaz Somani

               
Tel: (416) 299-8400

               
Fax: (416) 299-7915

        if to the Agent:

               
Medallion Capital Corp.

               
347 Bay Street, Suite 408

               
Toronto, Ontario M5H 2R7

               
Attention: Stafford Kelley

               
Telephone No.: (416) 865-9790

               
Facsimile No.: (416) 865-1250

        

      
    
  

Any notice or other communication given personally shall be
deemed to have been given and received upon delivery thereof and if given by
telecopy shall be deemed to have been given and received on the date of receipt
thereof unless such day is not a Business Day in which case it shall be deemed
to have been given and received upon the immediately following Business Day.

14.4    Notice to Beneficiaries

        Any and all
notices to be given and any documents to be sent to any Beneficiaries may be
given or sent to the address of such Beneficiary shown on the register of
holders of Exchangeable Shares in any manner permitted by the articles and
by-laws of Exchangeco from time to time in force in respect of notices to
shareholders and shall be deemed to be received (if given or sent in such
manner) at the time specified in such by-laws, the provisions of which by-laws
shall apply mutatis mutandis to notices or documents as aforesaid sent to
such Beneficiaries.

14.5    Counterparts

        This Agreement may
be executed in counterparts, each of which shall be deemed an original, but all
of which taken together shall constitute one and the same instrument.

14.6    Jurisdiction

        This Agreement
shall be construed and enforced in accordance with the laws of the Province of
Ontario and the laws of Canada applicable therein.

14.7    Attornment

        Each of the Agent
and Parent and Exchangeco agrees that any action or proceeding arising out of or
relating to this Agreement may be instituted in the courts of Ontario, waives
any objection which it may have now or hereafter to the venue of any such action
or proceeding, irrevocably submits to the jurisdiction of the said courts in any
such action or proceeding, agrees to be bound by any final judgment of the said
courts and not to seek, and hereby waives, any review of the merits of any such
judgment by the courts of any other jurisdiction and hereby appoints Exchangeco
at its registered office in the Province of Ontario as attorney for service of
process.

        IN WITNESS WHEREOF
the parties hereto have caused this Agreement to be duly executed as of the date
first above written.

                                                                                               
IDEAL ACCENTS INC.

                                                                                               
By: /s/ J. Paul Hines                                               

                                                                                               
Name:                                                                   

                                                                                               
Title: President                                                       

                                                                                               
IDEAL ACCENTS HOLDINGS INC.

                                                                                               
By: /s/ Ayaz Somani                                               

                                                                                               
Name:                                                                    

                                                                                               
Title: President                                                        

                                                                                               
MEDALLION CAPITAL CORP.

                                                                                               
By: /s/ Stafford Kelley                                             

                                                                                               
Name:                                                                     

                                                                                               
Title: PresidentEXCHANGEABLE SHARE SUPPORT AGREEMENT

EXHIBIT 4.3

EXCHANGEABLE SHARE SUPPORT AGREEMENT

 

           
This AGREEMENT is made the 13th day of December, 2001

BETWEEN:

        Ideal Accents, Inc., a corporation
        incorporated under the laws of Florida

        

        ("Parent")

        

      
    
  

- and -

        IDEAL ACCENTS (NOVA SCOTIA) COMPANY, an unlimited
        liability company existing under the laws of the Province of Nova Scotia

        

        ("NovaScotiaco")

        

      
    
  

- and -

IDEAL ACCENTS HOLDINGS INC., a corporation
        incorporated under the laws of the Province of Ontario

        
        

        
        ("Exchangeco")

         

      
    
  

WHEREAS:

1.    Pursuant to a Share Exchange
Agreement dated as of the 13th day of December, 2001 (the "Share
Exchange Agreement"), entered into between Parent, NovaScotiaco, Exchangeco
and AutoFun Canada Inc. and Somani Holdings Inc. (the "Companies") and the
shareholders of the Companies (collectively the "Parties"), the Parties
have agreed to the acquisition of control of the Companies by Parent.

  

2.    Pursuant to the Share Exchange
Agreement, shareholders of the Companies (other than Somani Holdings Inc.) will
exchange their common shares in the capital of the Companies ("Common Shares"),
for either (i) common shares in the capital of Parent ("Parent Common Shares")
or (ii) exchangeable shares in the capital of Exchangeco (the "Exchangeable
Shares"), in accordance with the Share Exchange Agreement. 

3.    In accordance with the Share Exchange
Agreement, Parent, NovaScotiaco and Exchangeco are hereby entering into this
Support Agreement. 

4.    Medallion Capital Corp. (the "Agent")
has been appointed as Agent for the holders of Exchangeable Shares and its
duties and powers and ancillary matters have been set out in a voting and
exchange agency agreement between Parent, Exchangeco and the Agent (the "Voting
and Exchange Agency Agreement") dated the date hereof.

        NOW THEREFORE in consideration of the
respective covenants and agreements provided in this Agreement and for other
good and valuable consideration (the receipt and sufficiency of which are hereby
acknowledged), the parties hereto covenant and agree as follows:

ARTICLE 1

DEFINITIONS AND INTERPRETATION

1.1    Defined Terms

        Each term denoted
herein by initial capital letters and not otherwise defined herein shall have
the meaning ascribed thereto in the rights, privileges, restrictions and
conditions (collectively, the "Share Provisions") attaching to the
Exchangeable Shares, a copy of which is attached hereto as Schedule "A". 

1.2    Interpretation Not Affected by Headings

        The division of
this Agreement into Articles, sections and other portions and the insertion of
headings are for convenience of reference only and shall not affect the
construction or interpretation of this Agreement. Unless otherwise indicated,
all references to an "Article" or "section" followed by a number and/or a letter
refer to the specified Article or section of this Agreement. The terms "this
Agreement", "hereof", "herein" and "hereunder" and similar expressions refer to
this agreement and not to any particular Article, section or other portion
hereof and include any agreement or instrument supplementary or ancillary
hereto.

1.3    Number, Gender

        Words in the
singular number only shall include the plural and vice versa. Words in one
gender shall include all genders.

1.4    Date for any Action

        If any date on
which any action is required to be taken under this Agreement is not a Business
Day, such action shall be required to be taken on the next succeeding Business
Day.

ARTICLE 2

COVENANTS OF Parent AND EXCHANGECO

2.1    Covenants Regarding Exchangeable Shares

  

         So long as
any Exchangeable Shares not owned by Parent or its Affiliates are outstanding,
Parent shall:

        (a)   
not declare or pay any dividend on Parent Common Shares unless (i) Exchangeco
shall simultaneously declare or pay, as the case may be, an equivalent dividend
(as provided for in the Share Provisions) on the Exchangeable Shares and (ii)
Exchangeco shall have sufficient money or other assets or authorized but
unissued securities available to enable the due declaration and the due and
punctual payment, in accordance with applicable law, of any such dividend on the
Exchangeable Shares;

        (b)   
advise Exchangeco sufficiently in advance of the declaration by Parent of any
dividend on Parent Common Shares and take all such other actions as are
reasonably necessary, in cooperation with Exchangeco, to ensure that the
respective declaration date, record date and payment date for a dividend on the
Exchangeable Shares shall be the same as the declaration date, record date and
payment date for the corresponding dividend on Parent Common Shares;

        (c)   
ensure that the record date for any dividend declared on Parent Common Shares is
not less than 10 Business Days after the declaration date of such dividend;

      (d)   
take all such actions and do all such things as are reasonably necessary or
desirable to enable and permit Exchangeco, in accordance with applicable law, to
pay and otherwise perform its obligations with respect to the satisfaction of
the Liquidation Amount, the Retraction Price or the Redemption Price in respect
of each issued and outstanding Exchangeable Share upon the liquidation,
dissolution or winding-up of Exchangeco, the delivery of a Retraction Request by
a holder of Exchangeable Shares or a redemption of Exchangeable Shares by
Exchangeco, as the case may be, including without limitation all such actions
and all such things as are necessary or desirable to enable and permit
Exchangeco to cause to be delivered Parent Common Shares to the holders of
Exchangeable Shares in accordance with the provisions of Section 5, 6 or 7, as
the case may be, of the Share Provisions;

      (e)   
take all such actions and do all such things as are reasonably necessary or
desirable to enable and permit NovaScotiaco, in accordance with applicable law,
to perform its obligations arising upon the exercise by it of the Liquidation
Call Right, the Retraction Call Right or the Redemption Call Right including
without limitation all such actions and all such things as are necessary or
desirable to enable and permit NovaScotiaco to cause to be delivered Parent
Common Shares to the holders of Exchangeable Shares in accordance with the
provisions of Section 6.1, 8.1 or 8.2, as the case may be, of the Share
Provisions; and

        (f)   
not exercise its vote as a direct or indirect shareholder to initiate the
voluntary liquidation, dissolution or winding-up of Exchangeco nor take any
action or omit to take any action that is designed to result in the liquidation,
dissolution or winding-up of Exchangeco.

        

      
    
  

2.2    Segregation of Funds

        Parent will cause
Exchangeco to deposit a sufficient amount of funds in a separate account of
Exchangeco and segregate a sufficient amount of such other assets and property
as is necessary to enable Exchangeco to pay dividends when due and to pay or
otherwise satisfy its respective obligations under Section 5, 6 or 7 of the
Share Provisions, as applicable and Exchangeco will use such funds or other
assets exclusively to pay such dividends or satisfy its obligations under
Section 5, 6 or 7 of the Share Provisions.

2.3    Reservation of Parent Common Shares

        Parent hereby
represents, warrants and covenants in favour of NovaScotiaco and Exchangeco that
Parent has reserved for issuance and will, at all times while any Exchangeable
Shares (other than Exchangeable Shares held by Parent or its affiliates) are
outstanding, keep available, free from pre-emptive and other rights, out of its
authorized and unissued capital stock such number of Parent Common Shares (or
other shares or securities into which Parent Common Shares may be reclassified
or changed as contemplated by section 2.7 hereof) (a) as is equal to the sum of
(i) the number of Exchangeable Shares issued and outstanding from time to time
and (ii) the number of Exchangeable Shares issuable upon the exercise of all
rights to acquire Exchangeable Shares outstanding from time to time and (b) as
are now and may hereafter be required to enable and permit Parent to meet its
obligations under the Voting and Exchange Agency Agreement and under any other
security or commitment pursuant to which Parent may now or hereafter be required
to issue Parent Common Shares, to enable and permit NovaScotiaco and Exchangeco
to meet its respective obligations hereunder and under the Share Provisions.

2.4    Notification of Certain Events

        In order to assist
Parent and to permit NovaScotiaco to exercise the Liquidation Call Right,
Retraction Call Right and Redemption Call Right, Exchangeco will notify Parent,
NovaScotiaco and the Agent of each of the following events at the time set forth
below:

        (a)   
in the event of any determination by the Board of Directors to institute
voluntary liquidation, dissolution or winding-up proceedings with respect to
Exchangeco or to effect any other distribution of the assets of Exchangeco among
its shareholders for the purpose of winding up its affairs, at least 60 days
prior to the proposed effective date of such liquidation, dissolution,
winding-up or other distribution;

        (b)   
promptly, upon the earlier of receipt by Exchangeco of notice of and Exchangeco
otherwise becoming aware of any threatened or instituted claim, suit, petition
or other proceedings with respect to the involuntary liquidation, dissolution or
winding-up of Exchangeco or to effect any other distribution of the assets of
Exchangeco among its shareholders for the purpose of winding up its affairs;

        (c)   
immediately, upon receipt by Exchangeco of a Retraction Request;

        (d)    on
the same date on which notice of redemption is given to holders of Exchangeable
Shares, upon the determination of a Redemption Date in accordance with the Share
Provisions; and

       (e)    as soon
as practicable upon the issuance by Exchangeco of any Exchangeable Shares or
rights to acquire Exchangeable Shares.

        

      
    
  

2.5    Delivery of Common Shares to Exchangeco
and NovaScotiaco

        Upon notice from
Exchangeco or NovaScotiaco of any event that requires Exchangeco or NovaScotiaco
to cause to be delivered Parent Common Shares to any holder of Exchangeable
Shares, Parent shall forthwith issue and deliver or cause to be delivered to
Exchangeco or NovaScotiaco the requisite number of Parent Common Shares to be
received by, and issued to or to the order of, the former holder of the
surrendered Exchangeable Shares, as Exchangeco or NovaScotiaco shall direct. All
such Parent Common Shares shall be duly authorized and validly issued as fully
paid and non-assessable and shall be free and clear of any lien, claim or
encumbrance. In consideration of the issuance and delivery of each such Parent
Common Share, Exchangeco or NovaScotiaco, as the case may be, shall issue to
Parent, or as Parent shall direct, common shares in the capital of Exchangeco or
NovaScotiaco having equivalent value.

2.6    Qualification of Parent Common Shares

        If any Parent
Common Shares (or other shares or securities into which Parent Common Shares may
be reclassified or changed as contemplated by section 2.7 hereof) to be issued
and delivered hereunder require registration or qualification with or approval
of or the filing of any document, including any prospectus or similar document
or the taking of any proceeding with or the obtaining of any order, ruling or
consent from any governmental or regulatory authority under any Canadian or
United States federal, provincial or state securities or other law or regulation
or pursuant to the rules and regulations of any securities or other regulatory
authority or the fulfillment of any other United States or Canadian legal
requirement before such shares (or such other shares or securities) may be
issued by Parent and delivered by Parent at the direction of Exchangeco or
NovaScotiaco, if applicable, to the holder of surrendered Exchangeable Shares or
in order that such shares (or such other shares or securities) may be freely
traded thereafter in Canada and the United States (other than any restrictions
of general application on transfer by reason of a holder being a "control
person" for purposes of Canadian provincial securities law or an "affiliate" of
Parent for purposes of United States federal or state securities law), Parent
will in good faith expeditiously take all such actions and do all such things as
are necessary or desirable to cause such Parent Common Shares (or such other
shares or securities) to be and remain duly registered, qualified or approved
under United States and/or Canadian law, as the case may be. Parent will in good
faith expeditiously take all such actions and do all such things as are
reasonably necessary or desirable to cause all Parent Common Shares (or such
other shares or securities) to be delivered hereunder to be listed, quoted or
posted for trading on all stock exchanges and quotation systems on which
outstanding Parent Common Shares (or such other shares or securities) have been
listed by Parent and remain listed and are quoted or posted for trading at such
time.

2.7    Economic Equivalence

        (a)   
Parent will not without prior approval of Exchangeco and the prior approval of
the holders of the Exchangeable Shares given in accordance with Section 11 of
the Share Provisions:

                (i)    issue or distribute Parent Common Shares (or securities
exchangeable for or convertible into or carrying rights to acquire Parent Common
Shares) to the holders of all or substantially all of the then outstanding
Parent Common Shares by way of stock dividend or other distribution, other than
an issue of Parent Common Shares (or securities exchangeable for or convertible
into or carrying rights to acquire Parent Common Shares) to holders of Parent
Common Shares who exercise an option to receive dividends in Parent Common
Shares (or securities exchangeable for or convertible into or carrying rights to
acquire Parent Common Shares) in lieu of receiving cash dividends; or

               
(ii)    issue or distribute rights, options or warrants to the
holders of all or substantially all of the then outstanding Parent Common Shares
entitling them to subscribe for or to purchase Parent Common Shares (or
securities exchangeable for or convertible into or carrying rights to acquire
Parent Common Shares); or

               
(iii)    issue or distribute to the holders of all or
substantially all of the then outstanding Parent Common Shares (A) shares or
securities of Parent of any class other than Parent Common Shares (other than
shares convertible into or exchangeable for or carrying rights to acquire Parent
Common Shares), (B) rights, options or warrants other than those referred to in
section 2.7(a)(ii) above, (C) evidences of indebtedness of Parent or (D) assets
of Parent,

          
        
      
    
  

  
  unless the economic equivalent on a per share basis of such
  rights, options, securities, shares, evidences of indebtedness or other assets
  is issued or distributed simultaneously to holders of the Exchangeable Shares;
  provided that, for greater certainty, the above restrictions shall not apply
  to any securities issued or distributed by Parent in order to give effect to
  and to consummate the transactions contemplated by, and in accordance with,
  the Share Exchange Agreement.

        (b)   
Parent will not without the prior approval of Exchangeco and the prior approval
of the holders of the Exchangeable Shares given in accordance with Section 11 of
the Share Provisions:

               
(i)    subdivide, redivide or change the then outstanding Parent
Common Shares into a greater number of Parent Common Shares; or

               
(ii)    reduce, combine, consolidate or change the then
outstanding Parent Common Shares into a lesser number of Parent Common Shares;
or

               
(iii)    reclassify or otherwise change Parent Common Shares or
effect an amalgamation, merger, reorganization or other transaction affecting
Parent Common Shares,

  
unless the same or an economically equivalent change shall
simultaneously be made to, or in the rights of the holders of, the Exchangeable
Shares.

  

          
        
      
    
  

(c)   
Parent will ensure that the record date for any event referred to in section
2.7(a) or 2.7(b) above, or (if no record date is applicable for such event) the
effective date for any such event, is not less than ten Business Days after the
date on which such event is declared or announced by Parent (with
contemporaneous notification thereof by Parent to Exchangeco).

(d)   
The Board of Directors shall determine, in good faith and in its sole discretion
acting reasonably, economic equivalence for the purposes of any event referred
to in section 2.7(a) or 2.7(b) above and each such determination shall be
conclusive and binding on Parent. In making each such determination, the
following factors shall, without excluding other factors determined by the Board
of Directors to be relevant, be considered by the Board of Directors:

  
(i)    in the case of any stock dividend or
other distribution payable in Parent Common Shares, the number of such shares
issued in proportion to the number of Parent Common Shares previously
outstanding

(ii)    in the case of the issuance or
distribution of any rights, options or warrants to subscribe for or purchase
Parent Common Shares (or securities exchangeable for or convertible into or
carrying rights to acquire Parent Common Shares), the relationship between the
exercise price of each such right, option or warrant and the current market
value (as determined by the Board of Directors in the manner above contemplated)
of an Parent Common Share

(iii)    in the case of the issuance or distribution of any other
form of property (including without limitation any shares or securities of
Parent of any class other than Parent Common Shares, any rights, options or
warrants other than those referred to in section 2.7(d)(ii) above, any evidences
of indebtedness of Parent or any assets of Parent), the relationship between the
fair market value (as determined by the Board of Directors in the manner above
contemplated) of such property to be issued or distributed with respect to each
outstanding Parent Common Share and the current market value (as determined by
the Board of Directors in the manner above contemplated) of an Parent Common
Share

(iv)    in the case of any subdivision, redivision or change of
the then outstanding Parent Common Shares into a greater number of Parent Common
Shares or the reduction, combination, consolidation or change of the then
outstanding Parent Common Shares into a lesser number of Parent Common Shares or
any amalgamation, merger, reorganization or other transaction affecting Parent
Common Shares, the effect thereof upon the then outstanding Parent Common
Shares; and

(v)    in all such cases, the general taxation
consequences of the relevant event to holders of Exchangeable Shares to the
extent that such consequences may differ from the taxation consequences to
holders of Parent Common Shares as a result of differences between taxation laws
of Canada and the United States (except for any differing consequences arising
as a result of differing marginal taxation rates and without regard to the
individual circumstances of holders of Exchangeable Shares).

  

          
        
      
    
  

  
    For purposes of the foregoing determinations, the current
    market value of any security listed and traded or quoted on a securities
    exchange shall be the weighted average of the closing bid and ask prices of
    such security during a period of not less than 20 consecutive trading days
    ending not more than three trading days before the date of determination on
    the principal securities exchange on which such securities are listed and
    traded or quoted; provided, however, that if in the opinion of the Board of
    Directors the public distribution or trading activity of such securities
    during such period does not create a market which reflects the fair market
    value of such securities, then the current market value thereof shall be
    determined by the Board of Directors, in good faith, based upon the advice
    of such qualified independent financial advisors as the Board of Directors
    may deem appropriate, in its sole discretion, and provided further that any
    such determination by the Board of Directors shall be conclusive and binding
    on Parent

(e)    Exchangeco agrees that, to the extent required, upon due notice from Parent,
Exchangeco will use its best efforts to take or cause to be taken such steps as
may be necessary for the purposes of ensuring that appropriate dividends are
paid or other distributions are made by Exchangeco, or subdivisions, redivisions
or changes are made to the Exchangeable Shares, in order to implement the
required economic equivalent with respect to Parent Common Shares and the
Exchangeable Shares as provided for in this section 2.7.

        

      
    
  

2.8    Tender Offers

        In the event that
a tender offer, share exchange offer, issuer bid, take-over bid or similar
transaction with respect to Parent Common Shares (an "Offer") is proposed
by Parent or is proposed to Parent or its shareholders and is recommended by the
Board of Directors of Parent, or is otherwise effected or to be effected with
the consent or approval of the Board of Directors of Parent, and the
Exchangeable Shares are not redeemed by Exchangeco or purchased by NovaScotiaco
as contemplated by and in compliance with the Share Provisions, Parent will use
its reasonable efforts expeditiously and in good faith to take all such actions
and do all such things as are necessary or desirable to enable and permit
holders of the Exchangeable Shares to participate in such Offer to the same
extent and on an economically equivalent basis as the holders of Parent Common
Shares, without discrimination. Without limiting the generality of the
foregoing, Parent will use its reasonable efforts expeditiously and in good
faith (and shall, in the case of a transaction by Parent or where Parent is a
participant in the negotiation thereof) to ensure that holders of the
Exchangeable Shares may participate in all such Offers without being required to
retract the Exchangeable Shares as against Exchangeco (or, if so required, to
ensure that any such retraction, shall be effective only upon, and shall be
conditional upon, the closing of the Offer and only to the extent necessary to
tender or deposit to the Offer). Nothing herein shall affect the rights of
Exchangeco under the Share Provisions to redeem (or NovaScotiaco to purchase
pursuant to the Redemption Right) the Exchangeable Shares, as applicable, in the
event of a Parent Control Transaction.

2.9    Ownership of Outstanding Shares

        Without the prior
approval of Exchangeco and the prior approval of the holders of the Exchangeable
Shares given in accordance with Section 11 of the Share Provisions,
Parent covenants and agrees in favour of Exchangeco and the Agent on behalf of
holders of the Exchangeable Shares that, as long as any of the Exchangeable
Shares outstanding are owned by any person or entity other than Parent or any of
its Affiliates, Parent will be and shall remain the direct or indirect
beneficial owner of all issued and outstanding voting shares in the capital of
Exchangeco and NovaScotiaco.

2.10    Parent and Affiliates Not to Vote
Exchangeable Shares

  

        Parent covenants
and agrees that it will appoint and cause to be appointed proxyholders with
respect to all of the Exchangeable Shares held by it and its Affiliates for the
sole purpose of attending each meeting of holders of the Exchangeable Shares in
order to be counted as part of the quorum for each such meeting. Parent further
covenants and agrees that it will not, and will cause its Affiliates not to,
exercise any voting rights which may be exercisable by holders of the
Exchangeable Shares from time to time pursuant to the Share Provisions or
pursuant to the provisions of the Business Corporations Act (Ontario) (or
any successor or other corporate statute by which Exchangeco may in the future
be governed) with respect to any of the Exchangeable Shares held by it or by its
Affiliates in respect of any matter considered at any meeting of holders of the
Exchangeable Shares.

2.11    Rule 10b-18 Purchases

        For certainty,
nothing contained in this Agreement, including without limitation the
obligations of Parent contained in section 2.8 hereof, shall limit the ability
of Parent or Exchangeco to make a "Rule 10b-18 Purchase" of Parent Common Shares
pursuant to Rule 10b-18 of the U.S. Securities Exchange Act of 1934, as amended,
or any successor provisions thereof. 

2.12    Special Voting Share

        During the term of
this Agreement, Parent will not issue any additional Special Voting Shares and
will not amend, alter, change or repeal the terms of the Special Voting Share
without the prior approval of the holders of the Exchangeable Shares in
accordance with Section 11 of the Share Provisions.

 

ARTICLE 3

PARENT SUCCESSORS

3.1    Certain Requirements in Respect of
Combination, etc.

        Parent shall not
consummate any transaction (whether by way of reconstruction, reorganization,
consolidation, merger, transfer, sale, lease or otherwise) whereby all or
substantially all of its undertaking, property and assets would become the
property of any other person or, in the case of a merger, of the continuing
corporation resulting therefrom unless, but may do so if:

        (a)   
such other person or continuing corporation (the "Parent Successor") by
operation of law, becomes, without more, bound by the terms and provisions of
this Agreement or, if not so bound, executes, prior to or contemporaneously with
the consummation of such transaction, an agreement supplemental hereto and such
other instruments (if any) as are reasonably necessary or advisable to evidence
the assumption by the Parent Successor of liability for all moneys payable and
property deliverable hereunder and the covenant of such Parent Successor to pay
and deliver or cause to be delivered the same and its agreement to observe and
perform all the covenants and obligations of Parent under this Agreement; and

        (b)   
such transaction shall be upon such terms and conditions as substantially to
preserve and not to impair in any material respect any of the rights, duties,
powers and authorities of the other Parties hereunder.

      
    
    
  

3.2    Vesting of Powers in Successor

        Whenever the
conditions of section 3.1 have been duly observed and performed, the Parties, if
required by section 3.1, shall execute and deliver a supplemental agreement
hereto and thereupon Parent Successor shall possess and from time to time may
exercise each and every right and power of Parent under this Agreement in the
name of Parent or otherwise and any act or proceeding by any provision of this
Agreement required to be done or performed by the Board of Directors of Parent
or any officers of Parent may be done and performed with like force and effect
by the directors or officers of such Parent Successor.

3.3    Wholly-Owned Subsidiaries

        Nothing herein
shall be construed as preventing the amalgamation or merger of any wholly-owned
direct or indirect subsidiary of Parent, except for Exchangeco, with or into
Parent or the winding-up, liquidation or dissolution of any wholly-owned
subsidiary of Parent, except for Exchangeco, provided that all of the assets of
such subsidiary are transferred to Parent or another wholly-owned direct or
indirect subsidiary of Parent and any such transactions are expressly permitted
by this Article 3.

ARTICLE 4

GENERAL

4.1    Term

        This Agreement
shall come into force and be effective as of the date hereof and shall terminate
and be of no further force and effect at such time as no Exchangeable Shares (or
securities or rights convertible into or exchangeable for or carrying rights to
acquire Exchangeable Shares) are held by any person or entity other than Parent
and any of its Affiliates.

4.2    Changes in Capital of Parent and
Exchangeco

        At all times after
the occurrence of any event contemplated pursuant to sections 2.7 and 2.8 hereof
or otherwise, as a result of which either Parent Common Shares or the
Exchangeable Shares or both are in any way changed, this Agreement shall
forthwith be amended and modified as necessary in order that it shall apply with
full force and effect, with the appropriate changes, to all new securities into
which Parent Common Shares or the Exchangeable Shares or both are so changed and
the Parties hereto shall execute and deliver an agreement in writing giving
effect to and evidencing such necessary amendments and modifications.

4.3    Severability

        If any provision
of this Agreement is held to be invalid, illegal or unenforceable, the validity,
legality or enforceability of the remainder of this Agreement shall not in any
way be affected or impaired thereby and this Agreement shall be carried out as
nearly as possible in accordance with its original terms and conditions.

4.4    Amendments and Modifications

        This Agreement may
not be amended or modified except by an agreement in writing executed by
Exchangeco, NovaScotiaco, and Parent and, subject to section 4.5, with the
approval of the holders of Exchangeable Shares obtained in accordance with
section 11 of the Share Provisions.

4.5    Ministerial Amendments

        Notwithstanding
the provisions of section 4.4, the parties to this Agreement may in writing at
any time and from time to time, without the approval of the holders of the
Exchangeable Shares, amend or modify this Agreement for the purposes of:

        (a)   
adding to the covenants of Exchangeco, NovaScotiaco or Parent provided that the
Board of Directors of each of Exchangeco, NovaScotiaco and Parent shall be of
the good faith opinion that such additions will not be prejudicial to the rights
or interests of the holders of the Exchangeable Shares or the Agent;

        (b)   
making such amendments or modifications not inconsistent with this Agreement as
may be necessary or desirable with respect to matters or questions which, in the
good faith opinion of the Board of Directors of each of Exchangeco, NovaScotiaco
and Parent, it may be expedient to make, provided that each such Board of
Directors shall be of the good faith opinion that such amendments or
modifications will not be prejudicial to the rights or interests of the holders
of the Exchangeable Shares or the Agent; or

        (c)   
making such changes or corrections which, on the advice of counsel to Exchangeco,
NovaScotiaco and Parent, are required for the purpose of curing or correcting
any ambiguity or defect or inconsistent provision or clerical omission or
mistake or manifest error, provided that the Board of Directors of each of
Exchangeco, NovaScotiaco and Parent shall be of the good faith opinion that such
changes or corrections will not be prejudicial to the rights or interests of the
holders of the Exchangeable Shares or the Agent.

      
    
    
  

4.6     Meeting to Consider Amendments

  

        Exchangeco, at the
request of Parent, shall call a meeting or meetings of the holders of the
Exchangeable Shares for the purpose of considering any proposed amendment or
modification requiring approval pursuant to section 4.4 hereof. Any such meeting
or meetings shall be called and held in accordance with the bylaws of Exchangeco,
the Share Provisions and all applicable laws.

4.7    Enurement

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

4.8    Notices to Parties

        All notices and
other communications between the parties to this Agreement shall be in writing
and shall be deemed to have been given if delivered personally or by confirmed
telecopy to the parties at the following addresses (or at such other address for
any such party as shall be specified in like notice):

        (a)   
if to Parent, Exchangeco or NovaScotiaco:

               
Ideal Accents Corporation

               
10200 W. Eight Mile

               
Ferndale, Michigan 48220

               
Attention: Joseph O'Connor

               
Tel: (248) 542-1100

               
Fax: (248) 542-1105

               
with a copy to:

               
Somani Holdings Inc.

               
595 Middlefield Road

               
Units #11 and 12

               
Scarborough, Ontario

               
M1V 3S2

               
Attention: Ayaz Somani

               
Tel: (416) 299-8400

               
Fax: (416) 299-7915

        Any notice or
other communication given personally shall be deemed to have been given and
received upon delivery thereof and if given by telecopy shall be deemed to have
been given and received on the date of confirmed receipt thereof unless such day
is not a Business Day in which case it shall be deemed to have been given and
received upon the immediately following Business Day.

4.9    Counterparts

        This Agreement may
be executed in counterparts, each of which shall be deemed an original, and all
of which taken together shall constitute one and the same instrument.

4.10    Jurisdiction

  

         This
Agreement shall be construed and enforced in accordance with the laws of the
Province of Ontario and the laws of Canada applicable therein.

4.11    Attornment

         Each of
Parent, NovaScotiaco and Exchangeco agrees that any action or proceeding arising
out of or relating to this Agreement may be instituted in the courts of Ontario,
waives any objection which it may have now or hereafter to the venue of any
such action or proceeding, irrevocably submits to the jurisdiction of the said
courts in any such action or proceeding, agrees to be bound by any judgment of
the said courts and not to seek, and hereby waives, any review of the merits of
any such judgment by the courts of any other jurisdiction. Parent and
NovaScotiaco hereby appoint Exchangeco at its registered office in the Province
of Ontario as attorney for service of process.

        IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written.

                      IDEAL ACCENTS, INC.

                      
                      

                      
                      IDEAL ACCENTS INC.

                      
                      By: /s/ J. Paul Hines                                                    

                      Name:                                                                       
                       

                      Title: President                                                            

                      

                      
                      IDEAL ACCENTS (NOVA SCOTIA) COMPANY

                      
                      By: /s/ J. Paul Hines                                                    

                      Name:                                                                       
                      

                      Title: President                                                            

                      
                      

                      
                      IDEAL ACCENTS HOLDINGS INC.

                      
                      By: /s/ Karim Suleman                                                

                      Name:                                                                       
                      

                      Title: Secretary                                                           

                      

                       

                      
                       

                    
                  
                
              
            
          
        
      
    
  

EXCHANGEABLE SHARE SUPPORT AGREEMENT

SCHEDULE A

The Exchangeable Shares shall have attached thereto, as a
class, the following rights, privileges, restrictions, and conditions: 

SECTION 1

INTERPRETATION

1.1    For the purposes of these Share
Provisions: 

                        "Act" means the Business Corporations Act, R.S.O.
    1990, c. B-16, as amended.
    
                    "Affiliate" of any Person means any other Person directly
    or indirectly controlling, controlled by, or under common control of that
    Person. For the purposes of this definition, "control" (including, with
    correlative meanings, the terms "controlled by" and "under common control
    of"), as applied to any Person, means the possession by another Person,
    directly or indirectly, of the power to direct or cause the direction of the
    management and policies of that first mentioned Person, whether through the
    ownership of voting securities, by contract or otherwise.
    
                    "Agent" means the agent under the Voting and Exchange
    Agency Agreement, and any successor agent appointed under and subject to the
    provisions of the Voting and Exchange Agency Agreement.

  
    "Board of Directors" means the board of directors of the
    Corporation.
    

  
    "Business Day" means any day on which commercial banks
    are open for business in Toronto, Ontario other than a Saturday, a Sunday or
    a day observed as a holiday in Toronto, Ontario under the laws of the
    Province of Ontario or the federal laws of Canada.
    
"Canadian Dollar Equivalent" means in respect of an
    amount expressed in a foreign currency (the "Foreign Currency Amount") at
    any date the product obtained by multiplying: 

 
    

    

      
    
                        (a)    the Foreign Currency Amount by,

  
    (b)    the noon spot exchange rate on such
    date for such foreign currency expressed in Canadian dollars as reported by
    the Bank of Canada or, in the event such spot exchange rate is not
    available, such spot exchange rate on such date for such foreign currency
    expressed in Canadian dollars as may be deemed by the Board of Directors to
    be appropriate for such purpose. 
    
"Common Shares" means the common shares in the capital of
    the Corporation.
    
"Corporation" means Ideal Accents Holdings Inc., a
    corporation incorporated under the Act. 
    
    

  
    "Current Market Price" means, in respect of a Parent
    Common Share on any date, the Canadian Dollar Equivalent of the average of
    the closing bid and ask prices of a Parent Common Share during a period of
    20 consecutive trading days ending not more than three trading days before
    such date on such stock exchange or automated quotation system on which the
    Parent Common Shares are listed or quoted, as the case may be, as may be
    selected by the Board of Directors for such purpose; provided, however, that
    if, in the opinion of the Board of Directors, the public distribution or
    trading activity of Parent Common Shares during such period does not create
    a market which reflects the fair market value of a Parent Common Share, then
    the Current Market Price of a Parent Common Share shall be determined by the
    Board of Directors, in good faith, based upon the advice of such qualified
    independent financial advisors as the Board of Directors may deem
    appropriate, and in its sole discretion, and provided further that any such
    selection, opinion or determination by the Board of Directors shall be
    conclusive and binding. 
    

    

    "Exchangeable Shares" means the non-voting exchangeable shares in the
    capital of the Corporation having the rights, privileges, restrictions, and
    conditions set forth herein.
    
"Exchangeable Share Voting Event" means any matter in
    respect of which holders of Exchangeable Shares are entitled to vote as
    shareholders of the Corporation, other than an Exempt Exchangeable Share
    Voting Event, and, for greater certainty, excluding any matter in respect of
    which holders of Exchangeable Shares are entitled to vote (or instruct the
    Agent to vote) in their capacity as Beneficiaries under (and as that term is
    defined in) the Voting and Exchange Agency Agreement.
    
"Exempt Exchangeable Share Voting Event" means any matter
    in respect of which holders of Exchangeable Shares are entitled to vote as
    shareholders of the Corporation in order to approve or disapprove, as
    applicable, any change to, or in the rights of the holders of, the
    Exchangeable Shares, where the approval or disapproval, as applicable, of
    such change would be required to maintain the equivalence of the
    Exchangeable Shares and the Parent Common Shares.
"Liquidation Amount" has the meaning ascribed thereto in
    section 5.1 of these Share Provisions. 
    

    

    "Liquidation Call Purchase Price" has the meaning ascribed thereto in
    section 8. 1 (a) of these Share Provisions.
    
"Liquidation Call Right" has the meaning ascribed thereto
    in section 8. 1 (a) of these Share Provisions.
    
"Liquidation Date" has the meaning ascribed thereto in
    section 5.1 of these Share Provisions.
    
"Liquidation Distribution" means a distribution of assets
    of the Corporation among its shareholders arising on the liquidation,
    dissolution, or winding-up of the Corporation, whether voluntary or
    involuntary, or any other distribution of the assets of the Corporation
    among its shareholders for the purpose of winding-up its affairs.
    
"NovaScotiaco" means Ideal Accents (Nova Scotia) Company,
    an unlimited liability company existing under the laws of the Province of
    Nova Scotia, and any successor corporation thereto.
    
"NovaScotiaco Call Notice" has the meaning ascribed
    thereto in section 6.3 of these Share Provisions. 
    

    

    "Parent" means Ideal Accents, Inc., a corporation existing under the laws of
    the State of Florida, and any successor corporation thereto.
    
"Parent Common Shares" means the shares of common stock,
    par value $0.0001 U.S. per share, in the capital of Parent, and any other
    securities into which such shares may be changed.
    
"Parent Control Transaction" means any merger,
    amalgamation, tender offer, material sale of shares or rights or interests
    therein or thereto or similar transactions involving Parent, or any proposal
    to do so.
    
"Parent Dividend Declaration Date" means the date on
    which the Board of Directors of Parent declares any dividend on the Parent
    Common Shares.
    
"Person" includes any individual, firm, 
    partnership, joint venture, venture capital fund, association, trust, agent,
    executor, administrator, legal personal representative, estate, group, body
    corporate, corporation, unincorporated association or organization,
    government body, syndicate or other entity, whether or not having legal
    status.
    
"Purchase Price" has the meaning ascribed thereto in
    section 6.3 of these Share Provisions.
 
    

      
    
    "Redemption Call Purchase Price" has the meaning ascribed
    thereto in section 8.2 of these Share Provisions.
    
"Redemption Call Right" has the meaning ascribed thereto
    by section 8.2 of these Share Provisions.
    
"Redemption Date" means the date, established by the
    Board of Directors for the redemption by the Corporation of all but not less
    than all of the outstanding Exchangeable Shares pursuant to section 7 of
    these Share Provisions, which date shall be November 30, 2010, unless: 

    

    (a)    the number of Exchangeable Shares outstanding (other
    than Exchangeable Shares held by Parent and its Affiliate, and as such
    number of shares may be adjusted as deemed appropriate by the Board of
    Directors to give effect to any subdivision or consolidation of or stock
    dividend on the Exchangeable Shares, any issue or distribution of rights to
    acquire Exchangeable Shares or securities exchangeable for or convertible
    into Exchangeable Shares, any issue or distribution of other securities or
    rights or evidences of indebtedness or assets, or any other capital
    reorganization or other transaction affecting the Exchangeable Shares) is
    less than 10% of the number of Exchangeable Shares issued upon the first
    issuance of Exchangeable Shares, in which case the Board of Directors may
    accelerate such redemption date to such date prior to November 30, 2010 as
    they may determine, upon at least 60 days' prior written notice to the
    registered holders of the Exchangeable Shares; 
    

    

          
        
      
    
    
      
    (b)    a Parent Control Transaction occurs, in which case,
    provided that the Board of Directors determines, in good faith and in its
    sole discretion, that it is not reasonably practicable to substantially
    replicate the terms and conditions of the Exchangeable Shares in connection
    with such Parent Control Transaction and that the redemption of all but not
    less than all of the outstanding Exchangeable Shares is necessary to enable
    the completion of such Parent Control Transaction in accordance with its
    terms, the Board of Directors may accelerate such redemption date to such
    date prior to November 30, 2010 as they may determine, upon such number of
    days prior written notice to the registered holders of the Exchangeable
    Shares as the Board of Directors may determine to be reasonably practicable
    in such circumstances;
    

          
        
      
    
    (c)    an Exchangeable Share Voting Event is proposed, in
    which case, the redemption date shall be the Business Day prior to the
    record date for any meeting or vote of the holders of the Exchangeable
    Shares to consider the Exchangeable Share Voting Event and the Board of
    Directors shall give such number of days' prior written notice of such
    redemption to the registered holders of the Exchangeable Shares as the Board
    of Directors may determine to be reasonably practicable in such
    circumstances (provided that the Board of Directors has determined, in good
    faith and in its sole discretion, that it is not reasonably practicable to
    accomplish the business purpose intended by the Exchangeable Share Voting
    Event, which business purpose must be bona fide and not for the
    primary purpose of causing the occurrence of a Redemption Date, in any other
    commercially reasonable manner that does not result in an Exchangeable Share
    Voting Event);
      

    

          
        
      
    
    
      
    (d)    an Exempt Exchangeable Share Voting Event is proposed
    and the holders of the Exchangeable Shares fail to take the necessary action
    at a meeting or other vote of holders of Exchangeable Shares, to approve or
    disapprove, as applicable, the Exempt Exchangeable Share Voting Event, in
    which case the redemption date shall be the Business Day following the day
    on which the holders of the Exchangeable Shares failed to take such action
    and the Board of Directors shall be deemed to have given such prior written
    notice of such redemption to the registered holders of the Exchangeable
    Shares or the Board of Directors may establish another Business Day as it
    may determine to be reasonably practicable in such circumstances, 
    
provided, however, that the accidental failure or
    omission to give any notice of redemption under clauses (a), (b), (c) or (d)
    above to less than 10% of such holders of Exchangeable Shares shall not
    affect the validity of any such redemption.
    
"Redemption Price" has the meaning ascribed thereto in
    section 7.1 of these Share Provisions.
    
"Retracted Shares" has the meaning ascribed thereto in
    section 6.1 (a) of these Share Provisions.
    
"Retraction Call Right" has the meaning ascribed thereto
    in section 6.1 (c) of these Share Provisions.
    
"Retraction Date" has the meaning ascribed thereto in
    section 6.1(b) of these Share Provisions.
    
"Retraction Price" has the meaning ascribed thereto in
    section 6.1 of these Share Provisions.
    
"Retraction Request" has the meaning ascribed thereto in
    section 6.1 of these Share Provisions.
    
"Share Provisions" means the rights, privileges
    restrictions and conditions attaching to the Exchangeable Shares set forth
    in the articles.
 
    

      
    
    "Support Agreement" means the exchangeable share support
    agreement between Parent, NovaScotiaco, and the Corporation, to be entered
    into in support of the holders of Exchangeable Shares, a copy of which shall
    be maintained at the registered office of the Corporation and which will be
    provided to a shareholder during normal business hours, on demand and
    without charge.
    
"Transfer Agent" means or such Person as may from time to
    time be appointed by the Corporation as the registrar and transfer agent for
    the Exchangeable Shares.
    
"Unpaid Dividend Amount" means the full amount of any and
    all declared and unpaid dividends on the Exchangeable Shares.
    
"Voting and Exchange Agency Agreement" means the voting
    and exchange agency agreement between Parent, the Corporation and the Agent
    to be entered into for the benefit of the registered holders from time to
    time of the Exchangeable Shares, a copy of which shall be maintained at the
    registered office of the Corporation and which will be provided to a
    shareholder during normal business hours, on demand and without charge. 
      

    

      
    

SECTION 2

RANKING OF EXCHANGEABLE SHARES

2.1    The Exchangeable Shares shall be
entitled to a preference over the Common Shares and any other shares ranking
junior to the Exchangeable Shares with respect to the payment of dividends and
on a Liquidation Distribution to the extent provided for in section 5.

SECTION 3

DIVIDENDS

3.1    A holder of an Exchangeable Share shall
be entitled to receive and the Board of Directors shall, subject to applicable
law, on each Parent Dividend Declaration Date, declare a dividend on each
Exchangeable Share: 

  

  
    (a)    in the case of a cash dividend
    declared on the Parent Common Shares, in an amount in cash for each
    Exchangeable Share in U.S. dollars, or the Canadian Dollar Equivalent
    thereof, on the Parent Dividend Declaration Date, in each case, equal to the
    cash dividend declared on each Parent Common Share;
    
(b)    in the case of a stock dividend or
    other distribution declared on the Parent Common Shares to be paid in Parent
    Common Shares, in such number of Exchangeable Shares for each Exchangeable
    Share as is equal to the number of Parent Common Shares to be paid on each
    Parent Common Share; or
    
(c)    in the case of a dividend declared
    on the Parent Common Shares in property other than cash or Parent Common
    Shares, in such type and amount of property for each Exchangeable Share as
    is the same as or economically equivalent to the type and amount of property
    declared as a dividend on each Parent Common Share (to be determined by the
    Board of Directors as contemplated by section 3.5 hereof).
Such dividends shall be paid out of money, assets or
    property of the Corporation properly applicable to the payment of dividends,
    or out of authorized but unissued Exchangeable Shares of the Corporation, as
    applicable. 
    
    

    

      
    
3.2    Cheques of the Corporation payable at
par at any branch of the bankers of the Corporation shall be issued in respect
of any cash dividends contemplated by section 3.1(a) hereof and the sending of
such a cheque to each holder of an Exchangeable Share shall satisfy the cash
dividend represented thereby unless the cheque is not paid on presentation.
Certificates registered in the name of the registered holder of Exchangeable
Shares shall be issued or transferred in respect of any stock dividends
contemplated by section 3.1 (b) hereof and the sending of such a certificate to
each holder of an Exchangeable Share shall satisfy the stock dividend
represented thereby. Such other type and amount of property in respect of any
dividends contemplated by section A.3.1(c) hereof shall be issued, distributed
or transferred by the Corporation in such manner as it shall determine and the
issuance, distribution or transfer thereof by the Corporation to each holder of
an Exchangeable Share shall satisfy the dividend represented thereby. No holder
of an Exchangeable Share shall be entitled to recover by action or other legal
process against the Corporation any dividend that is represented by a cheque
that has not been duly presented to the Corporation's bankers for payment or
that otherwise remains unclaimed for a period of six years from the date on
which such dividend was payable. 

  

3.3    The record date for the determination
of the holders of Exchangeable Shares entitled to receive payment of, and the
payment date for, any dividend declared on the Exchangeable Shares under section
3.1 hereof shall be the same dates as the record date and payment date,
respectively, for the corresponding dividend declared on the Parent Common
Shares. 

3.4    If on any payment date for any
dividends declared on the Exchangeable Shares under section 3.1 hereof the
dividends are not paid in full on all of the Exchangeable Shares then
outstanding, any such dividends that remain unpaid shall be paid on a subsequent
date or dates determined by the Board of Directors on which the Corporation
shall have sufficient moneys, assets or property properly applicable to the
payment of such dividends. 

3.5    The Board of Directors shall determine,
in good faith and in its sole discretion, economic equivalence for the purposes
of section 3.1 hereof, and each such determination shall be conclusive and
binding on the Corporation and its shareholders absent manifest error. In making
each such determination, the following factors shall, without excluding other
factors determined by the Board of Directors to be relevant, be considered by
the Board of Directors: 

  

  
    (a)    in the case of the issuance or
    distribution of any rights, options or warrants to subscribe for or purchase
    Parent Common Shares (or securities exchangeable for or convertible into or
    carrying rights to acquire Parent Common Shares), the relationship between
    the exercise price of each such right, option or warrant and the current
    market value (as determined by the Board of Directors in the manner above
    contemplated) of a Parent Common Share;
(b)    in the case of the issuance or
    distribution of any other form of property (including without limitation any
    shares or securities of Parent of any class other than Parent Common Shares,
    any rights, options or warrants other than those referred to in section
    3.5(b) above, any evidences of indebtedness of Parent or any assets of
    Parent), the relationship between the fair market value (as determined by
    the Board of Directors in the manner below contemplated) of such property to
    be issued or distributed with respect to each outstanding Parent Common
    Share and the current market value (as determined by the Board of Directors
    in the manner below contemplated) of a Parent Common Share; and
    

          
        
      
    
    (c)    in all such cases, the general taxation consequences
    of the relevant event to holders of Exchangeable Shares to the extent that
    such consequences may differ from the taxation consequences to holders of
    Parent Common Shares as a result of differences between taxation laws of
    Canada and the United States of America (except for any differing
    consequences arising as a result of differing marginal taxation rates and
    without regard to the individual circumstances of holders of Exchangeable
    Shares). 
    

  
    
    For purposes of the foregoing determinations, the current
    market value of any security listed and traded or quoted on a securities
    exchange shall be the weighted average of the closing bid and ask prices of
    such security during a period of not less than 20 consecutive trading days
    ending not more than three trading days before the date of determination on
    the principal securities exchange on which such securities are listed and
    traded or quoted; provided, however, that if in the opinion of the Board of
    Directors the public distribution or trading activity of such securities
    during such period does not create a market which reflects the fair market
    value of such securities, then the current market value thereof shall be
    determined by the Board of Directors, in good faith, based upon the advice
    of such qualified independent financial advisors as the Board of Directors
    may deem appropriate, and in its sole discretion, and provided further that
    any such determination by the Board of Directors shall be conclusive and
    binding on the Corporation and its shareholders. 
    

  

    

      
    

SECTION 4

CERTAIN RESTRICTIONS

4.1    So long as any of the Exchangeable
Shares are outstanding, the Corporation shall not at any time without, but may
at any time with, the approval of the holders of the Exchangeable Shares given
as specified in section 11.2 of these Share Provisions: 

  

  
    (a)    pay any dividends on the Common
    Shares or any other shares ranking junior to the Exchangeable Shares, other
    than stock dividends payable in Common Shares or any such other shares
    ranking junior to the Exchangeable Shares, as the case may be;
    
(b)    redeem or purchase or make any
    capital distribution in respect of Common Shares or any other shares ranking
    junior to the Exchangeable Shares;
(c)    redeem or purchase any other shares
    of the Corporation ranking equally with the Exchangeable Shares with respect
    to the payment of dividends or on any Liquidation Distribution; or
(d)    issue any Exchangeable Shares or
    any other shares of the Corporation ranking equally with, or superior to,
    the Exchangeable Shares other than by way of stock dividends to the holders
    of such Exchangeable Shares.
 
    

    

          
        
      
    
    
      
    The restrictions in subsections (a), (b), (c) and (d)
    above shall not apply if all dividends on the outstanding Exchangeable
    Shares corresponding to dividends declared and paid to date on the Parent
    Common Shares shall have been declared and paid on the Exchangeable Shares.
    

 

SECTION 5

DISTRIBUTION ON LIQUIDATION

5.1    In the event of a Liquidation
Distribution, a holder of Exchangeable Shares shall be entitled, subject to
applicable law, to receive from the assets of the Corporation in respect of each
Exchangeable Share held by such holder on the effective date (the "Liquidation
Date") of such liquidation, dissolution or winding-up, before any distribution
of any part of the assets of the Corporation among the holders of the Common
Shares or any other shares ranking junior to the Exchangeable Shares, an amount
per Exchangeable Share (the "Liquidation Amount") equal to (i) the Current
Market Price of a Parent Common Share on the last Business Day prior to the
Liquidation Date (which shall be satisfied in full by the Corporation causing to
be delivered to such holder one Parent Common Share), plus (ii) the Unpaid
Dividend Amount, if any, on any Exchangeable Share held by such holder on any
dividend record date which occurred prior to the Liquidation Date.

  

5.2    On or promptly after the Liquidation
Date, and subject to the exercise by NovaScotiaco of the Liquidation Call Right,
the Corporation shall cause to be delivered to the holders of the Exchangeable
Shares the Liquidation Amount for each such Exchangeable Share upon presentation
and surrender of the certificates representing such Exchangeable Shares,
together with such other documents and instruments as may be required to effect
a transfer of Exchangeable Shares under the Act and the articles and by-laws of
the Corporation and such additional documents and instruments as the Transfer
Agent may reasonably require, at the registered office of the Corporation or at
any office of the Transfer Agent as may be specified by the Corporation by
notice to the holders of the Exchangeable Shares. Payment of the total
Liquidation Amount for such Exchangeable Shares shall be made by delivery to
each holder, at the address of the holder recorded in the securities register of
the Corporation for the Exchangeable Shares or by holding for pick-up by the
holder at the registered office of the Corporation or at any office of the
Transfer Agent as may be specified by the Corporation by notice to the holders
of Exchangeable Shares, on behalf of the Corporation of certificates
representing Parent Common Shares (which shares shall be duly issued as fully
paid and non- assessable and shall be free and clear of any lien, claim or
encumbrance) and a cheque of the Corporation payable at par at any branch of the
bankers of the Corporation in respect of the remaining portion, if any, of the
total Liquidation Amount (in each case less any amounts withheld on account of
tax required to be deducted and withheld therefrom). On and after the
Liquidation Date, the holders of the Exchangeable Shares shall cease to be
holders of such Exchangeable Shares and shall not be entitled to exercise any of
the rights of holders in respect thereof, other than the right to receive their
proportionate part of the total Liquidation Amount, unless payment of the total
Liquidation Amount for such Exchangeable Shares shall not be made upon
presentation and surrender of share certificates in accordance with the
foregoing provisions, in which case the rights of the holders shall
remain unaffected until the total Liquidation Amount has been paid in the manner
hereinbefore provided. The Corporation shall have the right at any time after
the Liquidation Date to deposit or cause to be deposited the total Liquidation
Amount in respect of the Exchangeable Shares represented by certificates that
have not at the Liquidation Date been surrendered by the holders thereof in a
custodial account with any chartered bank or trust company in Canada less any
amounts withheld on account of tax required to be deducted and withheld
therefrom. Upon such deposit being made, the rights of the holders of
Exchangeable Shares after such deposit shall be limited to receiving their
proportionate part of the total Liquidation Amount (in each case less such
amounts withheld on account of tax required to be deducted and withheld
therefrom) for such Exchangeable Shares so deposited, against presentation and
surrender of the said certificates held by them, respectively, in accordance
with the foregoing provisions. Upon such payment or deposit of the total
Liquidation Amount, the holders of the Exchangeable Shares shall thereafter be
considered and deemed for all purposes to be holders of the Parent Common Shares
delivered to them or the custodian on their behalf.

5.3    After the Corporation has satisfied its
obligations to pay the holders of the Exchangeable Shares the Liquidation Amount
per Exchangeable Share pursuant to section 5.1 of these Share Provisions, such
holders shall not be entitled to share in any further distribution of the assets
of the Corporation. 

  

SECTION 6

RETRACTION OF EXCHANGEABLE- SHARES BY HOLDER

6.1    A holder of Exchangeable Shares shall
be entitled at any time, subject to the exercise by NovaScotiaco of the
Retraction Call Right and otherwise upon compliance with the provisions of this
section 6, to require the Corporation to redeem any or all of the Exchangeable
Shares registered in the name of such holder for an amount per Exchangeable
Share (the "Retraction Price") equal to (i) the Current Market Price of a Parent
Common Share on the last Business Day prior to the Retraction Date (which shall
be satisfied in full by the Corporation causing to be delivered to such holder
one Parent Common Share for each Exchangeable Share presented and surrendered by
the holder), plus (ii) the Unpaid Dividend Amount, if any, on any such
Exchangeable Share held by such holder on any dividend record date which
occurred prior to the Retraction Date. To effect such redemption, the holder
shall present and surrender at the registered office of the Corporation or at
any office of the Transfer Agent as may be specified by the Corporation by
notice to the holders of Exchangeable Shares the certificate or certificates
representing the Exchangeable Shares which the holder desires to have the
Corporation redeem, together with such other documents and instruments as may be
required to effect a transfer of Exchangeable Shares under the Act and the
articles and by-laws of the Corporation and such additional documents and
instruments as the Transfer Agent may reasonably require, and together with a
duly executed statement (the "Retraction Request") in the following form: 

  

NOTICE OF RETRACTION

  To: Ideal Accents Holdings Inc. (the "Corporation") and
  Ideal Accents (Nova Scotia) Company ("NovaScotiaco")
  

      
    
  
      This notice is given pursuant to section 6 of the provisions
  (the "Share Provisions") attaching to the non-voting exchangeable shares of
  the Corporation represented by the certificate (the "Certificate") which
  accompanies this notice and all capitalized words and expressions used in this
  notice that are defined in the Share Provisions have the meanings
  ascribed to such words and expressions in such Share Provisions. 
  

  

  
        The undersigned
hereby notifies the Corporation that, subject to the Retraction Call Right
referred to below, the undersigned desires to have the Corporation redeem in
accordance with section 6 of the Share Provisions: 

  [  ] all share(s) represented by
  the Certificate; or
[  ]  ____________ share(s) only.
  

  
      The undersigned hereby notifies the Corporation that the
  Retraction Date shall be                                            
  
  

  
      NOTE:    the Retraction Date must be a
  Business Day and must not be less than 10 Business Days nor more than 15
  Business Days after the date upon which this notice is received by the
  Corporation. If no such Business Day is specified above, the Retraction Date
  shall be deemed to be the 15th Business Day after the date on which this
  notice is received by the Corporation. 
  

  

      
    
  
  
      NOTE: the Retraction Date must be a Business Day and must not
  be less than 10 Business Days nor more than 15 Business Days after the date
  upon which this notice is received by the Corporation. If no such Business Day
  is specified above, the Retraction Date shall be deemed to be the 15th
  Business Day after the date on which this notice is received by the
  Corporation.
 
  
    The undersigned acknowledges the
  overriding Retraction Call Right of NovaScotiaco to purchase all but not less
  than all the Retracted Shares from the undersigned and that this notice is and
  shall be deemed to be a revocable offer by the undersigned to sell such shares
  to NovaScotiaco in accordance with the Retraction Call Right on the Retraction
  Date for the Purchase Price and on the other terms and conditions set out in
  section 6.3 of the Share Provisions. This notice of retraction, and this offer
  to sell the Retracted Shares to NovaScotiaco, may be revoked and withdrawn by
  the undersigned only by notice in writing given to the Corporation at any time
  before the close of business on the Business Day immediately preceding the
  Retraction Date as provided in section 6.7 of the Share Provisions. 
  
    The undersigned acknowledges that if, as a result of solvency
  provisions of applicable law, the Corporation is unable to redeem all
  Retracted Shares, the undersigned will be deemed to have exercised the
  Exchange Right (as defined in the Voting and Exchange Agency Agreement) so as
  to require Ideal Accents, Inc. to purchase the unredeemed Retracted Shares.
  
    The undersigned hereby represents and
  warrants to the Corporation and NovaScotiaco that the undersigned: 
  

[  ] is

         
    (select one)

    [  ] is not

    

  
      a non-resident of Canada for purposes of
  the Income Tax Act (Canada). The undersigned acknowledges that, in the
  absence of an indication that the undersigned is not a non- resident of
  Canada, withholding on account of Canadian tax may be made from amounts
  payable to the undersigned on the redemption or purchase of the Retracted
  Shares. 
  

  
      The undersigned hereby represents and warrants to the
  Corporation and NovaScotiaco that the undersigned has good title to, and owns,
  the share(s) represented by the Certificate to be acquired by the Corporation
  or NovaScotiaco, as the case may be, free and clear of all liens, claims and
  encumbrances.                              
  

  

      [  ] Please check box if
  the securities and any cheque(s) resulting from the retraction or purchase of
  the Retracted Shares are to be held for pick-up by the shareholder from the
  Transfer Agent, failing which the securities and any cheque(s) will be mailed
  to the last address of the shareholder as it appears on the register.

  

    Date:                                                     

    
    

    
    

    
  
  
    ___________________________________________________________________________

    Name of Person in Whose Name Securities or Cheque(s) are to be Registered,
    Issued or Delivered (please print) 
    

 

    

      
    
    
    

    

    

    

    
    
    
    ___________________________________________________________________________

    Street Address or P.O. Box

 

    
    
                                                                                                                                                            

    Signature of Shareholder

 

    
    
                                                                                                                                                            

    City, Province and Postal Code

 

    
    ___________________________________________________________________________

    Signature Guaranteed by

    

    

    
    NOTE:    (1)    This panel
    must be completed and the Certificate, together with such additional
    documents as the Transfer Agent may require, must be deposited with the
    Transfer Agent. The securities and any cheque(s) resulting from the
    retraction or purchase of the Retracted Shares will be issued and registered
    in, and made payable to, respectively, the name of the shareholder as it
    appears on the register of the Corporation and the securities and any
    cheque(s) resulting from such retraction or purchase will be delivered to
    such shareholder as indicated above, unless the form appearing immediately
    below is duly completed.
    
(2)    If this notice of retraction is for
    less than all of the shares represented by the Certificate, a certificate
    representing the remaining share(s) of the Corporation represented by
    the Certificate will be issued and registered in the name of the shareholder
    as it appears on the register of the Corporation, unless the share
    transfer power on the reverse side of the Certificate is duly completed in
    respect of such share(s).
 
    

    

              
            
          
        
      
    
  
  or in such other form as may be acceptable to the
  Corporation: 
  

  
    
    (a)    (specifying that the holder desires to have all or any
    number specified therein of the Exchangeable Shares represented by such
    certificate or certificates (the "Retracted Shares") redeemed by the
    Corporation;
    
(b)    stating the Business Day on which the holder desires
    to have the Corporation redeem the Retracted Shares (the "Retraction Date"),
    provided that the Retraction Date shall be not less than 10 Business Days
    nor more than 15 Business Days after the date on which the Retraction
    Request is received by the Corporation and further provided that, in the
    event that no such Business Day is specified by the holder in the Retraction
    Request, the Retraction Date shall be deemed to be the 15th Business Day
    after the date on which the Retraction Request is received by the
    Corporation; and
(c)    acknowledging the overriding right (the "Retraction
    Call Right") of NovaScotiaco to purchase all but not less than all the
    Retracted Shares directly from the holder and that the Retraction Request
    shall be deemed to be a revocable offer by the holder to sell the Retracted
    Shares to NovaScotiaco in accordance with the Retraction Call Right on the
    terms and conditions set out in section 6.3 below.

6.2    Upon receipt by the Corporation or the
Transfer Agent in the manner specified in section 6.1 hereof of a certificate or
certificates representing the number of Exchangeable Shares which the holder
desires to have the Corporation redeem, together with a Retraction Request, and
provided that the Retraction Request is not revoked by the holder in the manner
specified in section 6.7, the Corporation shall redeem the Retracted Shares
effective at the close of business (Toronto time) on the Retraction Date and
shall cause to be delivered to such holder the total Retraction Price with
respect to such shares, provided that all declared and unpaid dividends for
which the record date has occurred prior to the Retraction Date shall be paid on
the payment date for such dividends, less any amounts withheld on account of tax
required to be deducted and withheld therefrom. If only a part of the
Exchangeable Shares represented by any certificate is redeemed, a new
certificate for the balance of such Exchangeable Shares shall be issued to the
holder at the expense of the Corporation. 

  

6.3    Upon receipt by the Corporation of a
Retraction Request, the Corporation shall immediately notify NovaScotiaco
thereof. In order to exercise the Retraction Call Right, NovaScotiaco must
notify the Corporation of its determination to do so (the "NovaScotiaco Call
Notice") within five Business Days of notification to NovaScotiaco by the
Corporation of the receipt by the Corporation of the Retraction Request. If
NovaScotiaco does not so notify the Corporation within such five Business Day
period, the Corporation will notify the holder as soon as possible thereafter
that NovaScotiaco will not exercise the Retraction Call Right. If NovaScotiaco
delivers the NovaScotiaco Call Notice within such five Business Day period, and
provided that the Retraction Request is not revoked by the holder in the manner
specified in section 6.7, the Retraction Request shall thereupon be considered
only to be an offer by the holder to sell the Retracted Shares to NovaScotiaco
in accordance with the Retraction Call Right. In such event, the Corporation
shall not redeem the Retracted Shares and NovaScotiaco shall purchase from such
holder and such holder shall sell to NovaScotiaco on the Retraction Date the
Retracted Shares for an amount per Retracted Share (the "Purchase Price") equal
to (i) the Current Market Price of a Parent Common Share on the last Business
Day prior to the Retraction Date (which shall be satisfied in full by
NovaScotiaco causing to be delivered to such holder one Parent Common Share for
each Exchangeable Share presented and surrendered by the holder), plus (ii) the
Unpaid Dividend Amount, if any, on those Retracted Shares held by such holder on
any dividend record date which occurred prior to the Retraction Date. For the
purposes of completing a purchase pursuant to the Retraction Call Right,
NovaScotiaco shall deposit with the Transfer Agent, on or before the Retraction
Date, certificates representing Parent Common Shares and a cheque or cheques of
NovaScotiaco payable at par at any branch of the bankers of NovaScotiaco
representing the Unpaid Dividend Amount, if any, less any amounts withheld on
account of tax required to be deducted and withheld therefrom. Provided that
NovaScotiaco has complied with the immediately preceding sentence, the closing
of the purchase and sale of the Retracted Shares pursuant to the Retraction Call
Right shall be deemed to have occurred as at the close of business on the
Retraction Date and, for greater certainty, no redemption by the Corporation of
such Retracted Shares shall take place on the Retraction Date. In the event that
NovaScotiaco does not deliver a NovaScotiaco Call Notice within such five
Business Day period, and provided that the Retraction Request is not revoked by
the holder in the manner specified in section the Corporation shall redeem the
Retracted Shares on the Retraction Date and in the manner otherwise contemplated
in this section 6. 

  

6.4    The Corporation or NovaScotiaco, as the
case may be, shall deliver, or cause the Transfer Agent to deliver, to the
relevant holder, at the address of the holder recorded in the securities
register of the Corporation for the Exchangeable Shares or at the address
specified in the holder's Retraction Request or by holding for pick-up by the
holder at the registered office of the Corporation or at any office of the
Transfer Agent as may be specified by the Corporation by notice to the holders
of Exchangeable Shares, certificates representing the Parent Common Shares
(which shares shall be duly issued as fully paid and non-assessable and shall be
free and clear of any lien, claim or encumbrance) registered in the name of the
holder or in such other name as the holder may request, and, if applicable and
on or before the payment date therefore, a cheque payable at par at any branch
of the bankers of the Corporation or NovaScotiaco, as applicable, representing
the aggregate Unpaid Dividend Amount, if any, in payment of the total Retraction
Price or the total Purchase Price, as the case may be, in each case, less any
amounts withheld on account of tax required to be deducted and withheld
therefrom, and such delivery of such certificates and cheques on behalf of the
Corporation or by NovaScotiaco, as the case may be, or by the Transfer Agent
shall be deemed to be payment of and shall satisfy and discharge all liability
for the total Retraction Price or the total Purchase Price, as the case may be,
to the extent that the same is represented by such share certificates and
cheques (plus any tax deducted and withheld therefrom). 

6.5    On and after the close of business on
the Retraction Date, the holder of the Retracted Shares shall cease to be a
holder of such Retracted Shares and shall not be entitled to exercise any of the
rights of a holder in respect thereof, other than the right to receive his
proportionate part of the total Retraction Price or the total Purchase Price, as
the case may be, unless upon presentation and surrender of certificates in
accordance with the foregoing provisions, payment of the total Retraction Price
or the total Purchase Price, as the case may be, shall not be made as provided
in section 6.4, in which case the rights of such holder shall remain unaffected
until the total Retraction Price or the total Purchase Price, as the case may
be, has been paid in the manner hereinbefore provided. On and after the close of
business on the Retraction Date, provided that presentation and surrender of
certificates and payment of the total Retraction Price or the total Purchase
Price, as the case may be, has been made in accordance with the foregoing
provisions, the holder of the Retracted Shares so redeemed by the Corporation
shall thereafter be considered and deemed for all purposes to be a holder of the
Parent Common Shares so delivered. 

  

6.6    Notwithstanding any other provision of
this section 6, the Corporation shall not be obligated to redeem Retracted
Shares specified by a holder in a Retraction Request to the extent that such
redemption of Retracted Shares would be contrary to solvency requirements or
other provisions of applicable law. If the Corporation believes that on any
Retraction Date it would not be permitted by any of such provisions to redeem
the Retracted Shares tendered for redemption on such date, and provided that
NovaScotiaco shall not have exercised the Retraction Call Right with respect to
the Retracted Shares, the Corporation shall only be obligated to redeem
Retracted Shares specified by a holder in a Retraction Request to the extent of
the maximum number that may be so redeemed (rounded down to a whole number of
shares) as would not be contrary to such provisions and shall notify the holder
at least two Business Days prior to the Retraction Date as to the number of
Retracted Shares which will not be redeemed by the Corporation. In any case in
which the redemption by the Corporation of Retracted Shares would be contrary to
solvency requirements or other provisions of applicable law, the Corporation
shall redeem Retracted Shares in accordance with section 6.2 of these Share
Provisions on a pro rata basis and shall issue to each holder of
Retracted Shares a new certificate, at the expense of the Corporation,
representing the Retracted Shares not redeemed by the Corporation pursuant to
section 6.2 hereof. Provided that the Retraction Request is not revoked by the
holder in the manner specified in section 6.7, the holder of any such Retracted
Shares not redeemed by the Corporation pursuant to section 6.2 of these Share
Provisions as a result of solvency requirements or other provisions of
applicable law shall be deemed by giving the Retraction Request to require
Parent to purchase such Retracted Shares from such holder on the Retraction Date
or as soon as practicable thereafter on payment by Parent to such holder of the
Purchase Price for such Retracted Share, all as more specifically provided in
the Voting and Exchange Agency Agreement. 

  

6.7    A holder of Retracted Shares may, by
notice in writing given by the holder to the Corporation before the close of
business on the Business Day immediately preceding the Retraction Date, withdraw
the Retraction Request, in which event such Retraction Request shall be null and
void and, for greater certainty, the revocable offer constituted by the
Retraction Request to sell the Retracted Shares to NovaScotiaco shall be deemed
to have been revoked. 

  

SECTION 7

REDEMPTION OF EXCHANGEABLE SHARES BY THE CORPORATION

7.1    Subject to applicable law, and provided
NovaScotiaco has not exercised the Redemption Call Right, the Corporation shall
on the Redemption Date redeem all but not less than all of the then outstanding
Exchangeable Shares for an amount per Exchangeable Share (the "Redemption
Price") equal to (i) the Current Market Price of a Parent Common Share on the
last Business Day prior to the Redemption Date (which shall be satisfied in full
by the Corporation causing to be delivered to each holder of Exchangeable Shares
one Parent Common Share for each Exchangeable Share held by such holder), plus,
(ii) the Unpaid Dividend Amount, if any, on each such Exchangeable Share held by
such holder on any dividend record date which occurred prior to the Redemption
Date. 

7.2    In any case of a redemption of
Exchangeable Shares under this section 7, the Corporation shall, at least 60
days before the' Redemption Date (other than a Redemption Date established in
connection with an Parent Control Transaction, an Exchangeable Share Voting
Event or an Exempt Exchangeable Share Voting Event), send or cause to be sent to
each holder of Exchangeable Shares a notice in writing of the redemption by the
Corporation or the purchase by NovaScotiaco under the Redemption Call Right, as
the case may be, of the Exchangeable Shares held by such holder. In the case of
a Redemption Date established in connection with an Parent Control Transaction,
an Exchangeable Share Voting Event and an Exempt Exchangeable Share Voting
Event, the written notice of redemption by the Corporation or the purchase by
NovaScotiaco under the Redemption Call Right will be sent on or before the
Redemption Date, on as many days prior written notice as may be determined by
the Board of Directors of the Corporation to be reasonably practicable in the
circumstances. In any such case, such notice shall set out the formula for
determining the Redemption Price or the Redemption Call Purchase Price, as the
case may be, the Redemption Date and, if applicable, particulars of the
Redemption Call Right. 

  

7.3    On or after the Redemption Date and
subject to the exercise by NovaScotiaco of the Redemption Call Right the
Corporation shall cause to be delivered to the holders of the Exchangeable
Shares to be redeemed the Redemption Price for each such Exchangeable Share,
upon presentation and surrender at the registered office of the Corporation or
at any office of the Transfer Agent as may be specified by the Corporation in
such notice of the certificates representing such Exchangeable Shares, together
with such other documents and instruments as may be required to effect a
transfer of Exchangeable Shares under the Act and the articles and by-laws of
the Corporation and such additional documents and instruments as the Transfer
Agent may reasonably require. Payment of the total Redemption Price for such
Exchangeable Shares shall be made by delivery to each holder, at the address of
the holder recorded in the securities register of the Corporation or by holding
for pick-up by the holder at the registered office of the Corporation or at any
office of the Transfer Agent as may be specified by the Corporation in such
notice, on behalf of the Corporation of certificates representing Parent Common
Shares (which shares shall be duly issued as fully paid and non-assessable and
shall be free and clear of any lien, claim or encumbrance) and, if applicable, a
cheque of the Corporation payable at par at any branch of the bankers of the
Corporation in payment of any such Unpaid Dividend Amount, in each case, less
any amounts withheld on account of tax required to be deducted and withheld
therefrom. On and after the Redemption Date, the holders of the Exchangeable
Shares called for redemption shall cease to be holders of such Exchangeable
Shares and shall not be entitled to exercise any of the rights of holders in
respect thereof, other than the right to receive their proportionate part of the
total Redemption Price, unless payment of the total Redemption Price for such
Exchangeable Shares shall not be made upon presentation and surrender of
certificates in accordance with the foregoing provisions, in which case the
rights of the holders shall remain unaffected until the total Redemption Price
have been paid in the manner hereinbefore provided. The Corporation shall have
the right at any time after the sending of notice of its intention to redeem the
Exchangeable Shares as aforesaid to deposit or cause to be deposited the total
Redemption Price for the Exchangeable Shares so called for redemption, or of
such of the said Exchangeable Shares represented by certificates that have not
at the date of such deposit been surrendered by the holders thereof in
connection with such redemption, in a custodial account with any chartered bank
or agent named in such notice, less any amounts withheld on account of tax
required to be deducted and withheld therefrom. Upon the later of such deposit
being made and the Redemption Date, the Exchangeable Shares in respect whereof
such deposit shall have been made shall be redeemed and the rights of the
holders thereof after such deposit or Redemption Date, as the case may be, shall
be limited to receiving their proportionate part of the total Redemption Price,
for such Exchangeable Shares so deposited, against presentation and surrender of
the said certificates held by them, respectively, in accordance with the
foregoing provisions. Upon such payment or deposit of the total Redemption, less
any amounts withheld on account of tax required to be deducted and withheld
therefrom, the holders of the Exchangeable Shares shall thereafter be considered
and deemed for all purposes to be holders of the Parent Common Shares delivered
to them or the custodian on their behalf.

  

SECTION 8

CERTAIN RIGHTS OF NOVASCOTIACO TO

ACQUIRE EXCHANGEABLE SHARES

8.1    NovaScotiaco Liquidation Call Right 

  

  
    (a)    NovaScotiaco shall have the
    overriding right (the "Liquidation Call Right"), in the event of and
    notwithstanding the proposed liquidation, dissolution or winding-up of the
    Corporation pursuant to section 5 of these Share Provisions, to purchase
    from all but not less than all of the holders of Exchangeable Shares (other
    than any holder of Exchangeable Shares which is an Affiliate of Parent) on
    the Liquidation Date all but not less than all of the Exchangeable Shares
    held by each such holder on payment by NovaScotiaco of an amount per
    Exchangeable Share (the "Liquidation Call Purchase Price") equal to (i) the
    Current Market Price of a Parent Common Share on the last Business Day prior
    to the Liquidation Date (which shall be satisfied in full by NovaScotiaco
    causing to be delivered to such holder one Parent Common Share), plus (ii)
    the Unpaid Dividend Amount, if any, on each such Exchangeable Share held by
    such holder on any dividend record date which occurred prior to the date of
    purchase by NovaScotiaco. In the event of the exercise of the Liquidation
    Call Right by NovaScotiaco on the Liquidation Date on payment by
    NovaScotiaco to the holder of the Liquidation Call Purchase Price for each
    such share, the Corporation shall have no obligation to redeem such shares
    so purchased by NovaScotiaco.
(b)    To exercise the Liquidation Call Right, NovaScotiaco
    must notify the Transfer Agent, as agent for the holders of Exchangeable
    Shares, and the Corporation, of NovaScotiaco's intention to exercise such
    right at least 45 days before the Liquidation Date in the case of a
    voluntary liquidation, dissolution or winding-up of the Corporation and at
    least five Business Days before the Liquidation Date in the case of an
    involuntary liquidation, dissolution or winding-up of the Corporation. The
    Transfer Agent will notify the holders of Exchangeable Shares as to whether
    or not NovaScotiaco has exercised the Liquidation Call Right forthwith after
    the expiry of the period during which the same may be exercised by
    NovaScotiaco. If NovaScotiaco exercises the Liquidation Call Right, then on
    the Liquidation Date NovaScotiaco will purchase and the holders will sell
    all of the Exchangeable Shares then outstanding for a price per share equal
    to the Liquidation Call Purchase Price.
(c)    For the purposes of completing the purchase of the
    Exchangeable Shares pursuant to the Liquidation Call Right, NovaScotiaco
    shall deposit with the Transfer Agent, on or before the Liquidation Date,
    certificates representing the aggregate number of Parent Common Shares
    deliverable by NovaScotiaco and a cheque or cheques of NovaScotiaco payable
    at par at any branch of the bankers of NovaScotiaco representing the
    aggregate Unpaid Dividend Amount in payment of the total Liquidation Call
    Purchase Price, in each case, less any amounts withheld on account of tax
    required to be deducted and withheld therefrom. Provided that NovaScotiaco
    has complied with the immediately preceding sentence, on and after the
    Liquidation Date the rights of each holder of Exchangeable Shares will be
    limited to receiving such holder's proportionate part of the total
    Liquidation Call Purchase Price payable by NovaScotiaco upon presentation
    and surrender by the holder of certificates representing the Exchangeable
    Shares held by such holder and the holder shall on and after the Liquidation
    Date be considered and deemed for all purposes to be the holder of the
    Parent Common Shares to which it is entitled. Upon surrender to the Transfer
    Agent of a certificate or certificates representing Exchangeable Shares,
    together with such other documents and instruments as may be required to
    effect a transfer of Exchangeable Shares under the Act and the articles and
    by-laws of the Corporation and such additional documents and instruments as
    the Transfer Agent may reasonably require, the holder of such surrendered
    certificate or certificates shall be entitled to receive in exchange
    therefore, and the Transfer Agent on behalf of NovaScotiaco shall deliver to
    such holder, certificates representing the Parent Common Shares to which the
    holder is entitled and a cheque or cheques of NovaScotiaco payable at par at
    any branch of the bankers of NovaScotiaco in payment of the remaining
    portion, if any, of the total Liquidation Call Purchase Price, in each case,
    less any amounts withheld on account of tax required to be deducted and
    withheld therefrom. If NovaScotiaco does not exercise the Liquidation Call
    Right in the manner described above, on the Liquidation Date the holders of
    the Exchangeable Shares will be entitled to receive in exchange therefore
    the liquidation price otherwise payable by the Corporation in connection
    with the liquidation, dissolution or winding up of the Corporation pursuant
    to section 5 of these Share Provisions. 
    

    

          
        
      
    
8.2    NovaScotiaco Redemption Call Right 

  

  
    (a)    NovaScotiaco shall have the
    overriding right (the "Redemption Call Right"), notwithstanding the proposed
    redemption of the Exchangeable Shares by the Corporation pursuant to section
    7 of these Share Provisions, to purchase from all but not less than all of
    the holders of Exchangeable Shares (other than any holder of Exchangeable
    Shares which is an Affiliate of Parent) on the Redemption Date all but not
    less than all of the Exchangeable Shares held by each such holder on payment
    by the Corporation to each holder of an amount per Exchangeable Share (the
    "Redemption Call Purchase Price") equal to (i) the Current Market Price of a
    Parent Common Share on the last Business Day prior to the Redemption Date
    (which shall be satisfied in full by NovaScotiaco causing to be delivered to
    such holder one Parent Common Share), plus (ii) the Unpaid Dividend Amount,
    if any, on each Exchangeable Share held by such holder on any dividend
    record date which occurred prior to the Redemption Date. In the event of the
    exercise of the Redemption Call Right by NovaScotiaco, each holder shall be
    obligated to sell all the Exchangeable Shares held by the holder to
    NovaScotiaco on the Redemption Date on payment by NovaScotiaco to the holder
    of the Redemption Call Purchase Price for each such share, and the
    Corporation shall have no obligation to redeem such shares so purchased by
    NovaScotiaco.
(b)    To exercise the Redemption Call Right, NovaScotiaco
    must notify the Transfer Agent, as agent for the holders of Exchangeable
    Shares, and the Corporation, of NovaScotiaco's intention to exercise such
    right at least 60 days before the Redemption Date, except in the case of a
    redemption occurring as a result of a Parent Control Transaction, an
    Exchangeable Share Voting Event or an Exempt Exchangeable Share Voting Event
    or such shorter period as may be agreed, in writing, by the Corporation,
    NovaScotiaco and the holders of the Exchangeable Shares, in which case
    NovaScotiaco shall so notify the Transfer Agent and the Corporation on or
    before the Redemption Date. The Transfer Agent will notify the holders of
    Exchangeable Shares as to whether or not NovaScotiaco has exercised the
    Redemption Call Right forthwith after the expiry of the period during which
    the same may be exercised by NovaScotiaco. If NovaScotiaco exercises the
    Redemption Call Right, on the Redemption Date NovaScotiaco will purchase and
    the holders will sell all of the Exchangeable Shares then outstanding for a
    price per share equal to the Redemption Call Purchase Price.
(c)    For the purposes of completing the purchase of the
    Exchangeable Shares pursuant to the Redemption Call Right, NovaScotiaco
    shall deposit with the Transfer Agent, on or before the Redemption Date,
    certificates representing the aggregate number of Parent Common Shares
    deliverable by NovaScotiaco and a cheque or cheques of NovaScotiaco payable
    at par at any branch of the bankers of NovaScotiaco representing the
    aggregate Unpaid Dividend Amount in payment of the total Redemption Call
    Purchase Price, in each case, less any amounts withheld on account of tax
    required to be deducted and withheld therefrom. Provided that NovaScotiaco
    has complied with the immediately preceding sentence, on and after the
    Redemption Date the rights of each holder of Exchangeable Shares will be
    limited to receiving such holder's proportionate part of the total
    Redemption Call Purchase Price payable by NovaScotiaco upon presentation and
    surrender by the holder of certificates representing the Exchangeable Shares
    held by such holder and the holder shall on and after the Redemption Date be
    considered and deemed for all purposes to be the holder of the Parent Common
    Shares to which it is entitled. Upon surrender to the Transfer Agent of a
    certificate or certificates representing Exchangeable Shares, together with
    such other documents and instruments as may be required to effect a transfer
    of Exchangeable Shares under the Act and the articles and by-laws of the
    Corporation and such additional documents and instruments as the Transfer
    Agent may reasonably require, the holder of such surrendered certificate or
    certificates shall be entitled to receive in exchange therefore, and the
    Transfer Agent on behalf of NovaScotiaco shall deliver to such holder,
    certificates representing the Parent Common Shares to which the holder is
    entitled and a cheque or cheques of NovaScotiaco payable at par at any
    branch of the bankers of NovaScotiaco in payment of the remaining portion,
    if any, of the total Redemption Call Purchase Price, in each case, less any
    amounts withheld on account of tax required to be deducted and withheld
    therefrom. If NovaScotiaco does not exercise the Redemption Call Right in
    the manner described above, on the Redemption Date the holders of the
    Exchangeable Shares will be entitled to receive in exchange therefore the
    redemption price otherwise payable by the Corporation in connection with the
    redemption of the Exchangeable Shares pursuant to section 7 of these Share
    Provisions. 
    

    

          
        
      
    

SECTION 9

PURCHASE FOR CANCELLATION

9.1    Subject to applicable law and the
articles of the Corporation, the Corporation may at any time and from time to
time purchase for cancellation all or any part of the outstanding Exchangeable
Shares at any price by tender to all the holders of record of Exchangeable
Shares then outstanding or through the facilities of any stock exchange on which
the Exchangeable Shares are listed or quoted at any price per share together
with an amount equal to the Unpaid Dividend Amount. If in response to an
invitation for tenders under the provisions of this section 9, more Exchangeable
Shares are tendered at a price or prices acceptable to the Corporation than the
Corporation is prepared to purchase, the Exchangeable Shares to be purchased by
the Corporation shall be purchased as nearly as may be pro rata according
to the number of shares tendered by each holder who submits a tender to the
Corporation, provided that when shares are tendered at different prices, the pro
rating shall be effected (disregarding fractions) only with respect to the
shares tendered at the price at which more shares were tendered than the
Corporation is prepared to purchase after the Corporation has purchased all the
shares tendered at lower prices. If part only of the Exchangeable Shares
represented by any certificate shall be purchased, a new certificate for the
balance of such shares shall be issued at the expense of the Corporation. 

  

SECTION 10

VOTING RIGHTS

10.1    Except as required by applicable law
and by section 11 hereof, the holders of the Exchangeable Shares shall not be
entitled as such to receive notice of or to attend any meeting of the
shareholders of the Corporation or to vote at any such meeting. 

  

SECTION 11

AMENDMENT AND APPROVAL

11.1    The rights, privileges, restrictions,
and conditions attaching to the Exchangeable Shares may be added to, changed or
removed but only with the approval of the holders of the Exchangeable Shares
given as hereinafter specified. 

11.2    Any approval given by the holders of
the Exchangeable Shares to add to, change or remove any right, privilege,
restriction or condition attaching to the Exchangeable Shares or any other
matter requiring the approval or consent of the holders of the Exchangeable
Shares shall be deemed to have been sufficiently given if it shall have been
given in accordance with applicable law subject to a minimum requirement that
such approval be evidenced by resolution passed by not less than two-thirds of
the votes cast on such resolution at a meeting of holders of Exchangeable Shares
duly called and held at which the holders of at least 50% of the outstanding
Exchangeable Shares at that time are present or represented by proxy; provided
that, if at any such meeting the holders of at least 50% of the outstanding
Exchangeable Shares at that time are not present or represented by proxy within
one-half hour after the time appointed for such meeting, then the meeting shall
be adjourned to such date not less than five days thereafter and to such time
and place as may be designated by the Chairman of such meeting. At such
adjourned meeting the holders of Exchangeable Shares present or represented by
proxy thereat may transact the business for which the meeting was originally
called and a resolution passed thereat by the affirmative vote of not less than
two-thirds of the votes cast on such resolution at such meeting shall constitute
the approval or consent of the holders of the Exchangeable Shares. 

SECTION 12

RECIPROCAL CHANGES, ETC. IN RESPECT

OF PARENT COMMON SHARES

12.1    Each holder of an Exchangeable Share
acknowledges that the Support Agreement provides, in part, that Parent will not
without the prior approval of the Corporation and the prior approval of the
holders of the Exchangeable Shares given in accordance with section 11.2 of
these Share Provisions: 

  

  
    (a)    issue or distribute Parent Common
    Shares (or securities exchangeable for or convertible into or carrying
    rights to acquire Parent Common Shares) to the holders of all or
    substantially all of the then outstanding Parent Common Shares by way of
    stock dividend or other distribution, other than an issue of Parent Common
    Shares (or securities exchangeable for or convertible into or carrying
    rights to acquire Parent Common Shares) to holders of Parent Common Shares
    who exercise an option to receive dividends in Parent Common Shares (or
    securities exchangeable for or convertible into or carrying rights to
    acquire Parent Common Shares) in lieu of receiving cash dividends;
    
(b)    issue or distribute rights, options
    or warrants to the holders of all or substantially all of the then
    outstanding Parent Common Shares entitling them to subscribe for or to
    purchase Parent Common Shares (or securities exchangeable for or convertible
    into or carrying rights to acquire Parent Common Shares); or 
    

          
        
      
    
    (c)    issue or distribute to the holders of all or
    substantially all of the then outstanding Parent Common Shares: 
    

    

          
        
      
    
  
    
      
      (i)    shares or securities of Parent of any class other
      than Parent Common Shares (other than shares convertible into or
      exchangeable for or carrying rights to acquire Parent Common Shares);
(ii)    rights, options or warrants
      other than those referred to in section 12.1 (b) above;
(iii)    evidences of indebtedness of
      Parent; or
(iv)    assets of Parent,
      

              
            
          
        
      
      unless the economic equivalent on a per share basis of such rights,
      options, securities, shares, evidences of indebtedness or other assets is
      issued or distributed simultaneously to holders of the Exchangeable
      Shares. 
      

    

      

            
          
        
      
12.2    Each holder of an Exchangeable Share
acknowledges that the Support Agreement further provides, in part, that Parent
will not without the prior approval of the Corporation and the prior
approval of the holders of the Exchangeable Shares given in accordance with
section 11.2 of these Share Provisions: 

  

  
  (a)    subdivide, redivide or change the then outstanding
  Parent Common Shares into a greater number of Parent Common Shares;
(b)    reduce, combine, consolidate or
  change the then outstanding Parent Common Shares into a lesser number of
  Parent Common Shares; or
(c)    reclassify or otherwise change the Parent Common Shares
  or effect an amalgamation, merger, reorganization or other transaction
  affecting the Parent Common Shares,
  

            

          
        
        
      
    
  
  unless the same or an economically equivalent change shall simultaneously be
  made to, or in, the rights of the holders of the Exchangeable Shares.
  

12.3    Each holder of an Exchangeable Share
acknowledges that the Support Agreement further provides, in part, that the
aforesaid provisions of the Support Agreement shall not be changed without the
approval of the holders of the Exchangeable Shares given in accordance with
section 11.2 of these Share Provisions. 

  

SECTION 13

ACTIONS BY THE CORPORATION UNDER SUPPORT AGREEMENT 

AND VOTING AND EXCHANGE AGENCY AGREEMENT

13.1    The Corporation will take all such
actions and do all such things as shall be necessary or advisable to perform and
comply with and to ensure performance and compliance by Parent, NovaScotiaco and
the Corporation with all provisions of the Support Agreement and Voting and
Exchange Agency Agreement applicable to Parent and the Corporation, in
accordance with the terms thereof including, without limitation, taking all such
actions and doing all such things as shall be necessary or advisable to enforce
to the fullest extent possible for the direct benefit of the Corporation all
rights and benefits in favour of the Corporation under or pursuant to such
agreement. 

13.2    The Corporation shall not propose,
agree to or otherwise give effect to any amendment to, or waiver or forgiveness
of its rights or obligations under, the Support Agreement and Voting and
Exchange Agency Agreement without the approval of the holders of the
Exchangeable Shares given in accordance with section 11.2 of these Share
Provisions other than such amendments, waivers and/or forgiveness as may be
necessary or advisable for the purposes of: 

  

  
    (a)    adding to the covenants of the
    other parties to such agreement for the protection of the Corporation or the
    holders of the Exchangeable Shares thereunder;
(b)    making such provisions or
    modifications not inconsistent with such agreement as may be necessary or
    desirable with respect to matters or questions arising thereunder which, in
    the good faith opinion of the Board of Directors, it may be expedient to
    make, provided that the Board of Directors shall be of the good faith
    opinion, after consultation with counsel, that such provisions and
    modifications will not be prejudicial to the interests of the holders of the
    Exchangeable Shares; or
    
(c)    making such changes in or
    corrections to such agreement which, on the advice of counsel to the
    Corporation, are required for the purpose of curing or correcting any
    ambiguity or defect or inconsistent provision or clerical omission or
    mistake or manifest error contained therein, provided that the Board of
    Directors shall be of the good faith opinion, that such changes or
    corrections will not be prejudicial to the interests of the holders of the
    Exchangeable Shares. 
    

    

          
        
      
    

SECTION 14

LEGEND; CALL RIGHTS

14.1    The certificates evidencing the
Exchangeable Shares shall contain or have affixed thereto a legend in form and
on terms approved by the Board of Directors, with respect to the Support
Agreement, the provisions herein relating to the Liquidation Call Right, the
Retraction Call Right and the Redemption Call Right and the Voting and Exchange
Agency Agreement (including the provisions with respect to the voting rights,
exchange right and automatic exchange thereunder). 

14.2    Each holder of an Exchangeable Share,
whether of record or beneficial, by virtue of becoming and being such a holder
shall be deemed to acknowledge each of the Liquidation Call Right, the
Retraction Call Right and the Redemption Call Right, in each case, in favour of
NovaScotiaco, and the overriding nature thereof in connection with the
liquidation, dissolution or winding-up of the Corporation or the retraction or
redemption of Exchangeable Shares, as the case may be, and to be bound thereby
in favour of NovaScotiaco as therein provided. 

  

SECTION 15

NOTICES

15.1    Any notice, request or other
communication to be given to the Corporation by a holder of Exchangeable Shares
shall be in writing and shall be valid and effective if given by mail (postage
prepaid) or by telephonic or electronic means (defined as telephone calls or
messages, facsimile messages, electronic mail, transmission through computer
networks or any other similar means) or by delivery to the registered office of
the Corporation and addressed to the attention of the President. Any such
notice, request or other communication, if given by mail, telecopy or delivery,
shall only be deemed to have been given and received upon actual receipt thereof
by the Corporation. 

15.2    Any presentation and surrender by a
holder of Exchangeable Shares to the Corporation or the Transfer Agent of
certificates representing Exchangeable Shares in connection with the
liquidation, dissolution or winding-up of the Corporation or the retraction or
redemption of Exchangeable Shares shall be made by registered mail (postage
prepaid) or by delivery to the registered office of the Corporation or to such
office of the Transfer Agent as may be specified by the Corporation, in each
case, addressed to the attention of the President of the Corporation. Any such
presentation and surrender of certificates shall only be deemed to have been
made and to be effective upon actual receipt thereof by the Corporation or the
Transfer Agent, as the case may be. Any such presentation and surrender of
certificates made by registered mail shall be at the sole risk of the holder
mailing the same. 

  

15.3    Any notice, request or other
communication to be given to a holder of Exchangeable Shares by or on behalf of
the Corporation shall be in writing and shall be valid and effective if given by
mail (postage prepaid) or by delivery to the address of the holder recorded in
the securities register of the Corporation or, in the event of the address of
any such holder not being so recorded, then at the last known address of such
holder, in all cases with a copy to the Agent. Any such notice, request or other
communication, if given by mail, shall be deemed to have been given and received
on the third Business Day following the date of mailing and, if given by
delivery, shall be deemed to have been given and received on the date of
delivery. Accidental failure or omission to give any notice, request or other
communication to one or more holders of Exchangeable Shares shall not invalidate
or otherwise alter or affect any action or proceeding to be taken by the
Corporation pursuant thereto.

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