Document:

[MAAX CORPORATE LOGO]                                                 MEMORANDUM

                            FORM OF RETENTION PACKAGE

DATE:         September 12, 2003                                    CONFIDENTIAL

TO:           _____________

CC:           MAAX Board of Directors, Corporate Governance Committee,
              Placide Poulin, Raymond Garneau, Richard Garneau

FROM:         Andre Heroux

SUBJECT:      Retention package

--------------------------------------------------------------------------------

Dear ______:

With the announcement that MAAX is up for sale, the Board of Directors via our
Corporate Governance Committee has authorised a retention package for MAAX
executives.

Firstly, you are entitled to a lump sum payment of ___% of your base salary as
an incentive to remain in your current position with MAAX during the sale
process while displaying strong leadership.

You will also be protected with a clause of one (1) year total remuneration
(Base salary plus annual bonus) as a result of change of control of MAAX
ownership, where your services would no longer be required.

I count on your strong leadership within the Bathroom Sector to pursue business
as usual while optimizing MAAX results for our shareholders. Our employees are
key to our ongoing success and look up to the MAAX senior management team to
provide strong leadership.

Best of success,

Committed to our Customer's Delight

/s/ Andre Heroux
Andre Heroux
President and CEO
AH :mb

HEAD OFFICE
640, Route Cameron
Sainte-Marie, Quebec G6E 1B2 Canada
Tel.: (418) 387-4155
Fax: (418) 386-4520<PAGE>

                                                                   EXHIBIT 10.16

                                MAAX CORPORATION

            US$150,000,000 9 3/4% SENIOR SUBORDINATED NOTES DUE 2012

                               PURCHASE AGREEMENT

                                                                    May 27, 2004

Goldman, Sachs & Co.,
Merrill Lynch & Co.
Merrill Lynch, Pierce, Fenner & Smith
            Incorporated
As representatives of the several Purchasers
named in Schedule I hereto,

c/o Goldman Sachs & Co.
85 Broad Street,
New York, New York 10004
Ladies and Gentlemen:

            MAAX Corporation, a Nova Scotia unlimited company (the "Company"),
proposes to issue and sell to Goldman, Sachs & Co. and Merrill Lynch & Co.,
Merrill Lynch Pierce, Fenner & Smith Incorporated (the "Representatives") and
the other Purchasers named in Schedule I hereto (the "Purchasers"), in the
respective amounts set forth in Schedule I hereto, an aggregate of
US$150,000,000 principal amount of the 9 3/4% Senior Subordinated Notes due 2012
of the Company specified above (the "Notes"). The Notes will be unconditionally
guaranteed (the "Guarantees") by Beauceland Corporation, a Nova Scotia unlimited
company (the "Parent Guarantor"), the entities listed on Schedule II attached
hereto (the "Subsidiary Guarantors" and together with the Parent Guarantor, the
"Guarantors," and together with the Company, the "Issuers"). The Notes and the
Guarantees are hereinafter collectively referred to in this Purchase Agreement
("Agreement") as the "Securities."

            1.    The Issuers represent and warrant to, and agree with, each of
the Purchasers that:

            (a)   A preliminary offering circular, dated May 17, 2004 (the
      "Preliminary Offering Circular") and an offering circular, dated May 27,
      2004 (the "Offering Circular"), in each case including the Canadian
      supplement thereto, have been prepared in connection with the offering of
      the Securities. Any reference to the Preliminary Offering Circular or the
      Offering Circular shall be deemed to refer to and include any Additional
      Issuer Information (as defined in Section 5(f)) furnished by any Issuer
      prior to the completion of the distribution of the Securities. As of the
      date thereof, the Preliminary

<PAGE>

      Offering Circular did not, and the Offering Circular and any amendments or
      supplements thereto did not as of the date hereof and will not, as of the
      Time of Delivery, contain an untrue statement of a material fact or omit
      to state a material fact necessary in order to make the statements
      therein, in the light of the circumstances under which they were made, not
      misleading; provided, however, that this representation and warranty shall
      not apply to any statements or omissions made in reliance upon and in
      conformity with information furnished in writing to the Company by a
      Purchaser through any Representative expressly for use therein;

            (b)   None of the Issuers nor any of their subsidiaries has
      sustained since the date of the latest audited financial statements
      included in the Offering Circular any material loss or interference with
      its business from fire, explosion, flood or other calamity, whether or not
      covered by insurance, or from any labor dispute or court or governmental
      action, order or decree, otherwise than as set forth or contemplated in
      the Offering Circular; and, since the respective dates as of which
      information is given in the Offering Circular, there has not been any
      change in the capital stock, total debt or long-term debt of the Issuers
      or any of their subsidiaries (other than as a result of intercompany
      transactions, including, without limitation, capital contributions, debt
      repayments, restructurings, amalgamations and wind-ups) or any material
      adverse change, or any development involving a prospective material
      adverse change, in or affecting the business, management, financial
      position, shareholders' or members' equity or results of operations of the
      Issuers and their subsidiaries, taken as a whole, otherwise than as set
      forth or contemplated in the Offering Circular;

            (c)   The Company and its subsidiaries have good and marketable
      title in fee simple to all real property and good and marketable title to
      all personal property owned by them, in each case free and clear of all
      liens, encumbrances and defects except such as are described in the
      Offering Circular or those that, individually or in the aggregate, could
      not reasonably be expected to have a Material Adverse Effect (as defined
      below) and do not interfere with the use made and proposed to be made of
      such property by the Company and its subsidiaries; and any real property
      and buildings held under lease by the Company and its subsidiaries are
      held by them under valid, subsisting and enforceable leases with such
      exceptions as could not, individually or in the aggregate, reasonably be
      expected to have a Material Adverse Effect and do not interfere with the
      use made and proposed to be made of such property and buildings by the
      Company and its subsidiaries;

            (d)   The Company has been duly incorporated and is validly existing
      as an unlimited company in good standing under the laws of Nova Scotia,
      with power and authority (corporate and other) to own its properties and
      conduct its business as described in the Offering Circular, and has been
      duly qualified as a foreign company for the transaction of business and is
      in good standing under the laws of each other jurisdiction in which it
      owns or leases properties or conducts any business so as to require such
      qualification, or is subject to no material liability or disability by
      reason of the failure to be so qualified in any such jurisdiction; and
      each subsidiary of the Company and the Parent Guarantor has been duly
      incorporated or organized and is validly existing as a corporation,
      limited liability company, unlimited company or partnership in good
      standing under the laws of its jurisdiction of organization; the entities
      set forth on

                                      -2-
<PAGE>

      Schedule III are the only direct or indirect subsidiaries of the Company
      (the term "subsidiary" as used herein with respect to any person includes
      all entities which will become subsidiaries of such person upon
      consummation of the transaction contemplated by the Merger Agreement (as
      defined below));

            (e)   At the Time of Delivery, the Company will have an authorized
      capitalization as set forth in the Offering Circular, and all of the
      issued shares of capital stock of the Company will be duly and validly
      authorized and issued and will be fully paid but assessable and all of the
      issued shares of capital stock, membership interests or partnership
      interests of each subsidiary of the Company will be duly and validly
      authorized and issued, will be fully paid and non- assessable (except in
      the case of a subsidiary that is a Nova Scotia unlimited company, in which
      case the shares are assessable) and (except for directors' qualifying
      shares) will be owned directly or indirectly by the Company, free and
      clear of all liens, encumbrances, equities or claims (other than the liens
      under the Credit Agreement (as defined below));

            (f)   This Agreement has been duly authorized, executed and
      delivered by each of the Issuers;

            (g)   The Securities have been duly authorized by each of the
      Issuers and, when executed, issued and delivered by each of the Issuers
      and authenticated by U.S. Bank Trust, N.A., as Trustee (the "Trustee"),
      pursuant to this Agreement and the Indenture (as defined below), will have
      been duly executed, issued and delivered by each of the Issuers and will
      constitute valid and legally binding obligations of the Issuers, entitled
      to the benefits provided by the indenture to be dated as of June 4, 2004
      (the "Indenture") between the Issuers and the Trustee, under which they
      are to be issued, enforceable against each of the Issuers in accordance
      with their terms, subject as to enforcement, to bankruptcy, insolvency,
      reorganization and other laws of general applicability relating to or
      affecting creditors' rights and to general equity principles; the
      Securities will be in substantially the form contemplated by the
      Indenture; the form and issuance of the Securities to be issued under the
      Indenture complies with the Companies Act (Nova Scotia); and no
      registration, filing or recording of the Indenture under the laws of
      Canada or any province thereof is necessary in order to preserve or
      protect the validity or enforceability of the Indenture or the Securities
      issued thereunder;

            (h)   The Indenture has been duly authorized by each of the Issuers
      and, when executed and delivered by each of the Issuers, will have been
      duly executed and delivered by each of the Issuers and (assuming due
      authorization, execution, delivery and performance by the Trustee) will
      constitute a valid and legally binding obligation of each of the Issuers
      enforceable against each of the Issuers in accordance with its terms,
      subject, as to enforcement, to bankruptcy, insolvency, reorganization and
      other laws of general applicability relating to or affecting creditors'
      rights and to general equity principles;

            (i)   The exchange and registration rights agreement to be dated
      June 4, 2004 among the Issuers and the Purchasers (the "Registration
      Rights Agreement") has been duly authorized by each of the Issuers and,
      when executed and delivered by each of the

                                      -3-
<PAGE>

      Issuers, will have been duly executed and delivered by each of the Issuers
      and will constitute a valid and legally binding obligation of each of the
      Issuers, enforceable against each of the Issuers in accordance with its
      terms, subject, as to enforcement, to bankruptcy, insolvency,
      reorganization and other laws of general applicability relating to or
      affecting creditors' rights or limiting the availability of, and public
      policy against, indemnification and contribution and to general equity
      principles;

            (j)   The exchange securities, with terms substantially identical to
      those of the Securities, to be issued in exchange for the Securities in
      connection with the exchange offer contemplated by the Registrations
      Rights Agreement (the "Exchange Securities") have been duly authorized for
      issuance by each of the Issuers and, when executed, issued and delivered
      by each of the Issuers and authenticated by the Trustee pursuant to this
      Agreement and the Indenture, will have been duly executed, issued and
      delivered by each of the Issuers and will constitute valid and legally
      binding obligations of each of the Issuers, entitled to the benefits
      provided by the Indenture and enforceable in accordance with their terms,
      subject, as to enforcement, to bankruptcy, insolvency, reorganization and
      other laws of general applicability relating to or affecting creditors'
      rights and to general equity principles;

            (k)   The Credit Agreement, to be dated as of June 4, 2004 among the
      Company, the Guarantors, Goldman Sachs Credit Partners L.P., Royal Bank of
      Canada and Merrill Lynch Capital Corporation and the lenders party
      thereto, (the "Credit Agreement"), has been duly authorized by each of the
      Issuers, and, when executed and delivered by each of the Issuers, will
      have been duly executed and delivered by each of the Issuers and will
      constitute a valid and legally binding obligation of each of the Issuers,
      enforceable against each of the Issuers in accordance with its terms,
      subject, as to enforcement, to bankruptcy, insolvency, reorganization and
      other laws of general applicability relating to or affecting creditors'
      rights and to general equity principles;

            (l)   The Merger Agreement, dated as of March 10, 2004, among
      3087052 Nova Scotia Company, 3087053 Nova Scotia Company, 9139-4460 Quebec
      Inc., 9139-7158 Quebec Inc. and MAAX Inc. (the "Merger Agreement") has
      been duly authorized, executed and delivered by the parties thereto and
      constitutes a valid and legally binding obligation of the parties thereto,
      enforceable against the parties thereto in accordance with its terms,
      subject, as to enforcement, to bankruptcy, insolvency, reorganization and
      other laws of general applicability relating to or affecting creditors'
      rights and to general equity principles;

            (m)   None of the transactions contemplated by this Agreement and to
      be performed by each of the Issuers (including, without limitation, the
      use of the proceeds from the sale of the Securities) will violate or
      result in a violation of Section 7 of the United States Securities
      Exchange Act of 1934, as amended (the "Exchange Act"), or any regulation
      promulgated thereunder, including, without limitation, Regulations T, U,
      and X of the Board of Governors of the Federal Reserve System, in each
      case as the same may be in effect or as the same may hereafter be in
      effect at the Time of Delivery;

                                      -4-
<PAGE>

            (n)   The issue and sale of the Securities by each of the Issuers
      and the compliance by each of the Issuers and their subsidiaries with all
      of the provisions of the Securities, the Indenture, the Registration
      Rights Agreement, this Agreement, the Credit Agreement and the Merger
      Agreement (collectively, the "Transaction Documents") and the transactions
      herein and therein contemplated will not (i) conflict with or result in a
      breach or violation of any of the terms or provisions of, or constitute a
      default under, any indenture, mortgage, deed of trust, loan agreement or
      other agreement or instrument to which any Issuer or any of its
      subsidiaries is a party or by which any Issuer or any of its subsidiaries
      is bound or to which any of the property or assets of any Issuer or any of
      its subsidiaries is subject, (ii) result in any violation of the
      provisions of the organizational documents of any Issuer or any of its
      subsidiaries, (iii) result in any violation of the provisions of any law
      or statute or any order, rule, regulation, judgment or decree of any
      court, central bank, stock exchange or governmental agency or body
      ("Governmental Agency") having jurisdiction over any Issuer or any of its
      subsidiaries or any of their properties or assets, except in the case of
      clauses (i) and (iii) for such conflicts, breaches, violations, defaults
      or liens that, individually or in the aggregate, would not reasonably be
      expected to have a material adverse effect on and/or material adverse
      developments with respect to the business, management, financial position,
      shareholders' or members' equity or results of operations of the Issuers
      and their subsidiaries, taken as a whole ("Material Adverse Effect"); and
      no consent, approval, authorization, order, registration or qualification
      ("Governmental Authorizations") of or with any such Governmental Agency is
      required for the issue and sale of the Securities or the consummation by
      the Issuers of the transactions contemplated by the Transaction Documents,
      except for (w) the filing of a registration statement by the Issuers with
      the Commission pursuant to the United States Securities Act of 1933, as
      amended (the "Act") pursuant to the Registration Rights Agreement, (x) the
      filing of any document or financing statement to perfect the liens granted
      to the lenders under the Credit Agreement, (y) such Governmental
      Authorizations as may be required under state securities or Blue Sky laws
      or the private placement or equivalent provisions of the securities laws
      of any province of Canada or the laws of any other jurisdiction outside of
      the United States, in connection with the purchase and distribution of the
      Securities by the Purchasers and (z) competition law filings in Germany
      and Austria;

            (o)   None of the Issuers nor any of their subsidiaries is (i) in
      violation of its organizational documents or (ii) in default in the
      performance or observance of any obligation, covenant or condition
      contained in any indenture, mortgage, deed of trust, loan agreement, lease
      or other agreement or instrument to which it is a party or by which it or
      any of its properties may be bound except such defaults that, individually
      or in the aggregate, could not reasonably be expected to result in a
      Material Adverse Effect;

            (p)   The statements set forth in the Offering Circular under the
      caption "Description of Notes," insofar as they purport to constitute a
      summary of the terms of the Securities, the Indenture and the Registration
      Rights Agreement, and under the captions "Income Tax Considerations" and
      "Underwriting," insofar as they purport to describe the provisions of the
      laws and documents referred to therein, are accurate and complete in all
      material respects;

                                      -5-
<PAGE>

            (q)   Other than as set forth in the Offering Circular, there are no
      legal or governmental proceedings pending to which any Issuer or any of
      its subsidiaries is a party or of which any property or assets of any
      Issuer or any of its subsidiaries is the subject which, if determined
      adversely to any Issuer or any of its subsidiaries, would, individually or
      in the aggregate, reasonably be expected to have a Material Adverse
      Effect; and, to the best of any Issuer's knowledge, no such proceedings
      are threatened or contemplated by Governmental Authorities or threatened
      by others;

            (r)   No stamp or other issuance or transfer taxes or duties and no
      capital gains, income, withholding or other taxes are payable by or on
      behalf of the Purchasers to the Government of Canada or Nova Scotia or any
      political subdivision or taxing authority thereof or therein in connection
      with (A) the issuance, sale and delivery by the Issuers to or for the
      respective accounts of the Purchasers of the Securities or (B) the sale
      and delivery outside Canada by the Purchasers of the Securities to the
      initial purchasers thereof;

            (s)   Each Issuer and each of their subsidiaries have all material
      licenses, franchises, permits, authorizations, approvals and orders and
      other concessions of and from all Governmental Agencies that are necessary
      to own or lease their properties and conduct their businesses as described
      in the Offering Circular;

            (t)   No Issuer nor any of its subsidiaries has taken, directly or
      indirectly, any action which was designed to or which has constituted or
      which might reasonably be expected to cause or result in stabilization or
      manipulation of the price of any security of any Issuer in connection with
      the offering of the Securities;

            (u)   When the Securities are issued and delivered pursuant to this
      Agreement, the Securities will not be of the same class (within the
      meaning of Rule 144A under the Act) as securities which are listed on a
      national securities exchange registered under Section 6 of the Exchange
      Act or quoted in a U.S. automated inter-dealer quotation system;

            (v)   No Issuer is, nor immediately after giving effect to the
      offering and sale of the Securities, will be, an "investment company," or
      an entity "controlled by an investment company," as such terms are defined
      in the United States Investment Company Act of 1940, as amended (the
      "Investment Company Act") and the rules and regulations thereunder;

            (w)   Neither any Issuer nor any person acting on its behalf (other
      than the Purchasers as to whom the Issuers make no representation) has
      offered or sold the Securities by means of any general solicitation or
      general advertising within the meaning of Rule 502(c) under the Act or,
      with respect to Securities sold outside the United States to non-U.S.
      persons (as defined in Rule 902 under the Act), by means of any directed
      selling efforts within the meaning of Rule 902 under the Act and the
      Issuers, any affiliate of any Issuer and any person acting on its or their
      behalf has complied with and will implement the "offering restriction"
      within the meaning of such Rule 902;

                                      -6-
<PAGE>

            (x)   Within the preceding six months, none of the Issuers or any
      other person acting on behalf of any Issuer has offered or sold to any
      person any Securities or any securities of the same or a similar class as
      the Securities other than the Securities offered or sold to the Purchasers
      hereunder. The Issuers will take reasonable precautions designed to insure
      that any offer or sale, direct or indirect, in the United States or to any
      U.S. person (as defined in Rule 902 under the Act) of any Securities or
      any substantially similar security issued by any Issuer, within six months
      subsequent to the date on which the distribution of the Securities has
      been completed (as notified to the Company by Goldman, Sachs & Co.), is
      made under restrictions and other circumstances reasonably designed not to
      affect the status of the offer and sale of the Securities in the United
      States and to U.S. persons contemplated by this Agreement as transactions
      exempt from the registration provisions of the Act;

            (y)   KPMG LLP, which has certified certain financial statements
      included in the Offering Circular as set forth in its report included
      therein, is an independent public accounting firm as required by the Act
      and the rules and regulations of the Commission thereunder;

            (z)   Except as described in the Offering Circular and except such
      matters as would not, individually or in the aggregate, reasonably be
      expected to have a Material Adverse Effect,

                  (i)   no Issuer nor any of its subsidiaries is in violation of
                        any federal, state, provincial, local or foreign
                        statute, law, rule, regulation, ordinance, code, policy
                        or rule of common law or any judicial or administrative
                        order, consent, decree or judgment thereof, including
                        any judicial or administrative order, consent, decree or
                        judgment relating to pollution or protection of human
                        health, the environment (including, without limitation,
                        ambient air, surface water, groundwater, land surface or
                        subsurface strata) or wildlife, including, without
                        limitation, laws and regulations relating to the release
                        or threatened release of chemicals, pollutants,
                        contaminants, wastes, toxic substances, hazardous
                        substances, petroleum or petroleum products
                        (collectively, "Hazardous Materials") or to the
                        manufacture, processing, distribution, use, treatment,
                        storage, disposal, transport or handling of Hazardous
                        Materials (collectively, "Environmental Laws"),

                  (ii)  the Issuers and their subsidiaries have all permits,
                        authorizations and approvals required under any
                        applicable Environmental Laws and are in compliance with
                        their requirements,

                  (iii) there are no pending or, to the knowledge of the
                        Issuers, threatened administrative, regulatory or
                        judicial actions, suits, demands, demand letters,
                        claims, liens, notices of noncompliance or violation,
                        investigation or proceedings relating to any

                                      -7-
<PAGE>

                        Environmental Law against any of the Issuers or any of
                        their subsidiaries;

                  (iv)  no Issuer nor any of its subsidiaries is conducting any
                        response or other corrective action at any location
                        pursuant to any applicable Environmental Laws;

                  (v)   there are no events or circumstances that could
                        reasonably be expected to form the basis of an order for
                        clean-up or remediation, or an action, suit or
                        proceeding by any private party or governmental body or
                        agency, against or affecting, or which could result in
                        liability of, any Issuer or any of its subsidiaries
                        relating to Hazardous Materials or Environmental Laws;

            (aa)  The Issuers and their subsidiaries own or possess adequate
      rights to use all material patents, patent applications, trademarks,
      service marks, trade names, trademark registrations, service mark
      registrations, copyrights and licenses necessary for the conduct of their
      businesses as described in the Offering Circular, except where the failure
      to have such rights would not, individually or in the aggregate,
      reasonably be expected to have a Material Adverse Effect and the Issuers
      have no knowledge of any reason to believe that the conduct of the
      businesses of the Issuers and their subsidiaries will conflict with, and,
      except as disclosed in the Preliminary Offering Circular and the Offering
      Circular, have not received any notice of any claim of conflict with, any
      such rights of others which, individually or in the aggregate, would
      reasonably be expected to have a Material Adverse Effect;

            (bb)  Subject to the lack of audited financial statements of Aker
      Plastics Company, Inc., the financial statements, including the notes
      thereto, included in the Offering Circular comply as to form in all
      material respects with the applicable accounting requirements of the Act,
      the Exchange Act, and the rules and regulations of the Commission
      thereunder, and present fairly in all material respects the financial
      position of the entities to which they relate as of the dates indicated
      and their results of operations, cash flows and shareholders' equity for
      the periods specified; said financial statements have been prepared in
      conformity with generally accepted accounting principles as applied in the
      United States, applied on a consistent basis throughout the periods
      involved except as noted therein; the unaudited pro forma consolidated
      financial statements of Parent Guarantor and its subsidiaries and the
      related notes thereto included in the Offering Circular present fairly the
      information shown therein, have been prepared in accordance with the
      Commission's rules and guidelines with respect to pro forma financial
      statements and have been properly compiled on the bases described therein;
      and the assumptions used in the preparation thereof are reasonable and the
      adjustments made therein are appropriate to give effect to the
      transactions and circumstances referred to therein; the information, to
      the extent derived from the audited financial statements included in the
      Offering Circular, set forth under the captions "Summary--Summary
      Historical and Pro Forma Consolidated Financial Data" and "Selected
      Historical Financial Data" included in the

                                      -8-
<PAGE>

      Offering Circular fairly present the information set forth therein on a
      basis consistent with that of the audited financial statements included in
      the Offering Circular; and the other statistical and market and
      industry-related data included in the Offering Circular present fairly the
      information included therein, and are based upon or derived from sources
      that the Company believes to be reliable and accurate.

            (cc)  No Issuer has, or, as a result of consummation of the
      transactions herein contemplated will have, incurred debts beyond its
      ability to pay as they mature; the present fair saleable value of the
      assets of each Issuer exceeds the amount required to pay the probable
      liability on its existing debts (whether matured or unmatured, liquidated
      or unliquidated, absolute, fixed or contingent), as they become absolute
      and matured, and, as a result of consummation of the transactions herein
      contemplated, will exceed such amount; no Issuer has or, as a result of
      consummation of the transactions herein contemplated will have,
      unreasonably small capital for it to carry on its business as proposed to
      be conducted; no Issuer is incurring obligations or making transfers under
      any evidence of indebtedness with the intent to hinder, delay or defraud
      any entity to which it is or will become indebted;

            (dd)  No labor disturbance by the employees of any Issuer or any of
      their subsidiaries exists or, to the best of each Issuer's knowledge, is
      imminent which individually or in the aggregate, would reasonably be
      expected to have a Material Adverse Effect; except as disclosed in the
      Offering Circular, none of the Issuers or their subsidiaries is party to a
      collective bargaining agreement; and there are no unfair labor practice
      complaints pending against any Issuer or any of its subsidiaries or, to
      the best of each of the Issuers' knowledge, threatened against them which,
      individually or in the aggregate, would reasonably be expected to have a
      Material Adverse Effect;

            (ee)  No "prohibited transaction" (as defined in Section 406 of the
      Employee Retirement Income Security Act of 1974, as amended, including the
      regulations and published interpretations thereunder ("ERISA"), or Section
      4975 of the Internal Revenue Code of 1986, as amended from time to time
      (the "Code")), or "accumulated funding deficiency" (as defined in Section
      302 of ERISA) or any of the events set forth in Section 4043(c) of ERISA
      (other than events with respect to which the 30-day notice requirement
      under Section 4043 of ERISA has been waived or any event described in
      Section 4043(c)(9) or 4043(c)(11) that may result from the offering of the
      Securities or the transactions contemplated by the Merger Agreement) has
      occurred with respect to any "employee benefit plan," (as defined in
      Section 3(3) of ERISA), or any "employee benefit plan" of any entity which
      is considered one employer with any Issuer or any subsidiary of any Issuer
      under Section 4001 of ERISA or Section 414 of the Code (an "ERISA
      Affiliate"); no fact or circumstance exists which could result in any
      pension plan being wound up (in whole or in part), being subject to an
      accelerated funding or special payment obligation, being less than fully
      funded on a going concern or solvency basis or being required to repay to
      the plan any expenses, amounts withdrawn from the plan or amounts applied
      to contribution holidays; each employee benefit plan is in compliance in
      all material respects with its terms and applicable law, including ERISA
      and the Code and has been established, administered, funded and invested
      in material compliance with its terms and all applicable law; and no
      Issuer nor any ERISA Affiliate has participated in any multiemployer plan
      (as defined in Section 3(37) of ERISA or the comparable provisions of the
      applicable legislation of any other jurisdiction) for which it would incur

                                      -9-
<PAGE>

      a material liability if it were to completely or partially withdraw
      (within the meaning of Section 4201 or 9203 of ERISA or the comparable
      provisions of the applicable legislation of any other jurisdiction) from
      any such plan; no Issuer nor any ERISA Affiliate has incurred or expects
      to incur liability under Title IV of ERISA or the comparable provisions of
      the applicable legislation of any other jurisdiction with respect to the
      termination of, or withdrawal from any "pension plan" (as defined in
      Section 3(2) of ERISA); and each "pension plan" for which any Issuer would
      have any liability that is intended to be qualified under Section 401(a)
      of the Code is so qualified in all material respects and, to the best of
      each Issuer's knowledge, nothing has occurred, whether by action or by
      failure to act, which could cause the loss of such qualification;

            (ff)  Each of the Parent Guarantor and its subsidiaries (i) makes
      and keeps books and records which are accurate in all material respects
      and (ii) maintains internal accounting controls which provide reasonable
      assurance that (A) transactions are executed in accordance with
      management's authorization, (B) transactions are recorded as necessary to
      permit preparation of its financial statements and to maintain
      accountability for its assets, (C) access to its financial assets is
      permitted only in accordance with management's authorization and (D) the
      reported accountability for its assets is compared with existing assets at
      reasonable intervals;

            (gg)  In connection with the sale and distribution of the Notes in
      Canada, the Company acknowledges and agrees that: (i) in accordance with
      applicable securities laws of certain of the provinces of Canada, certain
      contractual rights of action for rescission and damages as set forth in
      the Offering Circular used in Canada (being the Offering Circular, as
      supplemented for use in making offers and sales in certain provinces of
      Canada) under the heading "Rights of Action for Damages or Rescission"
      will be granted by the Company to purchasers who acquire the Notes from
      the Purchasers or their affiliates in Canada, and (ii) such Canadian
      purchasers shall be entitled to exercise such contractual rights of action
      against the Company in accordance with their terms. The Company agrees to
      make all private placement or similar filings required to be made with
      securities regulatory authorities in Canada with respect to the offering,
      sale and distribution of the Notes to the Purchasers or their affiliates
      and the initial resales or first trades of the Notes by the Purchasers to
      purchasers in Canada, including, without limitation, any required reports
      of the trades constituting such initial resales or first trades (to the
      extent the necessary information is provided by the Purchasers to the
      Company); and to pay all filing or other fees (other than fees relating to
      the filing of a prospectus) applicable in connection therewith; and

            (hh)  The Transaction Documents conform in all material respects to
      the descriptions thereof in the Offering Circular.

            2.    Subject to the terms herein set forth, the Company agrees to
issue and sell to each of the Purchasers, and, subject to the terms and
conditions herein set forth, each of the Purchasers agrees, severally and not
jointly, to purchase from the Company, at a purchase price of 97.25% of the
principal amount thereof, plus accrued interest, if any, from June 4, 2004 to
the Time of Delivery hereunder, the principal amount of Securities set forth
opposite the name of such Purchaser in Schedule I hereto.

                                      -10-
<PAGE>

            3.    Upon the authorization by you of the release of the
Securities, the several Purchasers propose to offer the Securities for sale upon
the terms and conditions set forth in this Agreement and the Offering Circular
and each Purchaser hereby represents and warrants to, and agrees with the
Issuers that:

            (a)   It has solicited and will solicit offers for the Securities
      only from and will offer and sell the Securities only (i) to persons who
      it reasonably believes are "qualified institutional buyers" ("QIBs")
      within the meaning of Rule 144A under the Act in transactions meeting the
      requirements of Rule 144A and (ii) through its selling agents, outside the
      United States, to non-U.S. persons in reliance on Regulation S under the
      Act;

            (b)   It is an institutional "accredited investor" within the
      meaning of Rule 501 under the Act;

            (c)   It has not solicited and will not solicit offers for, or offer
      or sell, the Securities by any form of general solicitation or general
      advertising, including but not limited to the methods described in Rule
      502(c) under the Act or in any manner involving a public offering within
      the meaning of Section 4(2) of the Act;

            (d)   The Securities have not been and will not be registered under
      the Act and may not be offered or sold within the United States or to, or
      for the account or benefit of, U.S. persons except in accordance with
      Regulation S under the Act or pursuant to an exemption from the
      registration requirements of the Act. Each Purchaser represents that it
      has offered and sold the Securities, and will offer and sell the
      Securities (i) as part of their distribution at any time and (ii)
      otherwise until 40 days after the later of the commencement of the
      offering and the Time of Delivery, only in accordance with Rule 903 of
      Regulation S or Rule 144A under the Act. Accordingly, each Purchaser
      agrees that neither it, its affiliates nor any persons acting on its or
      their behalf has engaged or will engage in any directed selling efforts
      with respect to the Securities, and it and they have complied and will
      comply with the offering restrictions requirement of Regulation S. Each
      Purchaser agrees that, at or prior to confirmation of sale of Securities
      (other than a sale pursuant to Rule 144A), it will have sent to each
      distributor, dealer or person receiving a selling concession, fee or other
      remuneration that purchases Securities from it during the restricted
      period a confirmation or notice to substantially the following effect:

            "The Securities covered hereby have not been registered under the
            U.S. Securities Act of 1933 (the "Securities Act") and may not be
            offered and sold within the United States or to, or for the account
            or benefit of, U.S. persons (i) as part of their distribution at any
            time or (ii) otherwise until 40 days after the later of the
            commencement of the offering and the closing date, except in either
            case in accordance with Regulation S (or Rule 144A if available)
            under the Securities Act. Terms used above have the meaning given to
            them by Regulation S."

            Terms used in this paragraph have the meanings given to them by
            Regulation S.
                                      -11-
<PAGE>

            Notwithstanding the foregoing, Securities in registered form may be
      offered, sold and delivered by the Purchasers in the United States and to
      U.S. persons pursuant to clause (a)(i) of this Section 3 without delivery
      of the written statement required by this clause (d);

            (e)   Each Purchaser further represents and agrees that (i) it has
      not offered or sold and will not offer or sell any Securities to persons
      in the United Kingdom except to persons whose ordinary activities involve
      them in acquiring, holding, managing or disposing of investments (as
      principal or agent) for the purposes of their businesses or otherwise in
      circumstances which have not resulted and will not result in an offer to
      the public in the United Kingdom within the meaning of the Public Offers
      of Securities Regulations 1995, (b) it has complied, and will comply, with
      all applicable provisions of the Financial Services Act of 1986 of Great
      Britain with respect to anything done by it in relation to the Securities
      in, from or otherwise involving the United Kingdom, and (c) it has issued
      or passed on and will issue or pass on in the United Kingdom any document
      received by it in connection with the issuance of the Securities only to a
      person who is of a kind described in Article 11(3) of the Financial
      Services Act 1986 (Investment Advertisements) (Exemptions) Order 1996 of
      Great Britain or is a person to whom the document may otherwise lawfully
      be issued or passed on; and

            (f)   Each Purchaser agrees that it will not offer, sell or deliver
      any of the Securities in any jurisdiction outside the United States except
      (A) under circumstances that will result in compliance with the applicable
      laws thereof, and except as otherwise set forth herein, that it will take
      at its own expense whatever action is required to permit its purchase and
      resale of the Securities in such jurisdictions (B) in Canada, by way of
      private placement or other exemptions from the prospectus requirements.
      Each Purchaser understands that no action has been taken to permit a
      public offering in any jurisdiction outside the United States where action
      would be required for such purpose. Each Purchaser agrees not to cause any
      advertisement of the Securities to be published in any newspaper or
      periodical or posted in any public place and not to issue any circular
      relating to the Securities, except in any such case with the
      Representatives' express written consent and then only at its own risk and
      expense.

            4.     a)    The Securities to be purchased by each Purchaser
hereunder will be represented by one or more definitive global Securities in
book-entry form that will be deposited by or on behalf of the Company with The
Depository Trust Company ("DTC") or its designated custodian. The Company will
deliver the Securities to Goldman, Sachs & Co. for the account of each
Purchaser, against payment by or on behalf of such Purchaser of the purchase
price therefor by wire transfer, payable to the order of the Company in Federal
(same day) funds, by causing DTC to credit the Securities to the account of
Goldman, Sachs & Co. at DTC. The Company will cause the certificates
representing the Securities to be made available to Goldman, Sachs & Co. for
checking at least twenty-four hours prior to the Time of Delivery (as defined
below) at the office of DTC or its designated custodian (the "Designated
Office"). The time and date of such delivery and payment shall be 9:30 a.m., New
York City time, on June 4, 2004 or such other time and date as Goldman, Sachs &
Co. and the Company may agree upon in writing. Such time and date are herein
called the "Time of Delivery."

                                      -12-
<PAGE>

            (a)   The documents to be delivered at the Time of Delivery by or on
behalf of the parties hereto pursuant to Section 7 hereof, including the
cross-receipt for the Securities and any additional documents requested by the
Purchasers pursuant to Section 7(i) hereof, will be delivered at such time and
date at the offices of Kaye Scholer LLP at 425 Park Avenue, New York, New York
10022-3598 (the "Closing Location"), and the Securities will be delivered at the
Designated Office, all at the Time of Delivery. A meeting will be held at the
Closing Location at 3:00 p.m., New York City time, on the New York Business Day
next preceding the Time of Delivery, at which meeting the final drafts of the
documents to be delivered pursuant to the preceding sentence will be available
for review by the parties hereto. For the purposes of this Section 4, "New York
Business Day" shall mean each Monday, Tuesday, Wednesday, Thursday and Friday
which is not a day on which banking institutions in New York are generally
authorized or obligated by law or executive order to close.

            5.    The Issuers, jointly and severally, agree with each of the
Purchasers:

            (a)   To prepare the Offering Circular, including the Canadian
      supplement thereto, in a form approved by you; to make no amendment or any
      supplement to the Offering Circular without your prior consent (which
      consent shall not be unreasonably withheld) promptly after reasonable
      notice thereof; and to furnish you with such copies thereof as you may
      reasonably request;

            (b)   Promptly, from time to time, to take such action as you may
      reasonably request to qualify the Securities for offering and sale under
      the securities laws of such jurisdictions as you may reasonably request
      and to comply with such laws so as to permit the continuance of sales and
      dealings therein in such jurisdictions for as long as may be necessary to
      complete the distribution of the Securities therein, provided that in
      connection therewith, no Issuer shall be required to (i) qualify as a
      foreign corporation in any jurisdiction wherein it would not otherwise be
      required to qualify but for the requirements of Section 3(c)(vi) of the
      Registration Rights Agreement, (ii) consent to general service of process
      in any such jurisdiction, (iii) take any other action that would subject
      it to general service of process or to taxation in excess of a nominal
      amount in respect of doing business in any jurisdiction in which it is not
      otherwise subject, (iv) make any changes to its organizational documents
      or any agreement between it and its equityholders or (v) file a prospectus
      in Canada;

            (c)   To furnish the Purchasers with three copies of the Offering
      Circular and each amendment or supplement thereto signed by an authorized
      officer of the Company with the independent accountants' report(s) in the
      Offering Circular, and any amendment or supplement containing amendments
      to the financial statements covered by such report(s), signed by the
      accountants, and additional written and electronic copies thereof in such
      quantities as you may from time to time reasonably request, and if, at any
      time prior to the completion of the resale by the Purchasers of the
      Securities, any event shall have occurred as a result of which the
      Offering Circular as then amended or supplemented would include an untrue
      statement of a material fact or omit to state any material fact necessary
      in order to make the statements therein, in the light of the circumstances
      under which they were made when such Offering Circular is delivered, not
      misleading, or, if for any other reason it shall be necessary or desirable
      during such same

                                      -13-
<PAGE>

      period to amend or supplement the Offering Circular, to notify you and
      upon your request to prepare and furnish without charge to each Purchaser
      and to any dealer in securities as many written and electronic copies as
      you may from time to time reasonably request of an amended Offering
      Circular or a supplement to the Offering Circular which will correct such
      statement or omission or effect such compliance;

            (d)   For a period of 180 days from the date of the Offering
      Circular, not to offer, sell, contract to sell, grant any option to
      purchase, issue any instrument convertible into or exchangeable for, or
      otherwise transfer or dispose of (or enter into any transaction or device
      which is designated to, or could be expected to, result in the disposition
      in the future of), any Securities or any securities of the Company that
      are substantially similar to the Securities except

                  (i)   the Exchange Securities in exchange for the Securities
                        in connection with the exchange offer contemplated by
                        the Registrations Rights Agreement or

                  (ii)  with the prior written consent of the Representatives;

            (e)   Not to be or become, at any time prior to the expiration of
      two years after the Time of Delivery or, if earlier, until such time as
      the Securities are no longer restricted securities (as defined in Rule 144
      under the Securities Act), an open-end investment company, unit investment
      trust, closed-end investment company or face-amount certificate company
      that is or is required to be registered under Section 8 of the Investment
      Company Act;

            (f)   To comply with the reporting and information covenant in the
      Indenture;

            (g)   If requested by you, to use all commercially reasonable
      efforts to cause the Securities to be eligible for the PORTAL trading
      system of the National Association of Securities Dealers, Inc.;

            (h)   During a period of five years from the date of the Offering
      Circular, so long as any of the Securities then remain outstanding, to
      furnish to you copies of all reports or other communications (financial or
      other) and to deliver to you (i) as soon as they are available, copies of
      any reports and financial statements furnished to or filed with the
      Commission, applicable securities regulatory authorities in Canada or any
      securities exchange on which the Securities or any class of securities of
      the Company, Parent Guarantor or MAAX Holdings, Inc. ("Holdings") is
      listed; and (ii) such additional information concerning the business and
      financial condition of the Parent Guarantor and its subsidiaries as you
      may from time to time reasonably request (such financial statements to be
      on a consolidated basis to the extent the accounts of the Parent Guarantor
      and its subsidiaries are consolidated in reports furnished to its
      shareholders generally or to the Commission);

            (i)   To do and perform all things required to be done and performed
      under the Transaction Documents prior to and after the Time of Delivery;

                                      -14-
<PAGE>

            (j)   To comply with all agreements set forth in the representation
      letters of the Company to DTC relating to the approval of the Securities
      by DTC for "book entry" transfer; and

            (k)   To use the net proceeds received by them from the sale of the
      Securities pursuant to this Agreement in the manner specified in the
      Offering Circular under the caption "Use of Proceeds."

            6.    The Issuers, jointly and severally, covenant and agree with
the several Purchasers that the Issuers will pay or cause to be paid the
following:

                  (i)    the fees, disbursements and expenses of the Issuers'
                         counsel and accountants in connection with the issue of
                         the Securities and all other expenses in connection
                         with the preparation, printing and filing of the
                         Preliminary Offering Circular and the Offering Circular
                         (in each case, including the Canadian supplement
                         thereto) and any amendments and supplements thereto and
                         the mailing and delivering of copies thereof to the
                         Purchasers and dealers;

                  (ii)   the cost of printing or producing any Agreement among
                         Purchasers, this Agreement, the Indenture, the
                         Registration Rights Agreement, the Blue Sky and legal
                         investment surveys, closing documents (including any
                         compilations thereof) and any other documents in
                         connection with the offering, purchase, sale and
                         delivery of the Securities;

                  (iii)  all expenses in connection with the qualification of
                         the Securities and the Exchange Securities for offering
                         and sale under state securities laws as provided in
                         Section 5(b) hereof, including the fees and
                         disbursements of counsel for the Purchasers in
                         connection with such qualification and in connection
                         with the Blue Sky and legal investment surveys;

                  (iv)   any fees charged by securities rating services for
                         rating the Securities and the Exchange Securities;

                  (v)    the cost of preparing the Securities;

                  (vi)   the fees and expenses of the Trustee and any agent of
                         the Trustee and the fees and disbursements of counsel
                         for the Trustee in connection with the Indenture and
                         the Securities;

                  (vii)  any cost incurred in connection with the designation of
                         the Securities for trading in PORTAL; and

                  (viii) all other costs and expenses incident to the
                         performance of their obligations hereunder which are
                         not otherwise specifically provided for in this
                         Section; provided that payment of "roadshow

                                      -15-
<PAGE>

                         expenses" shall be as set forth in the Engagement
                         Letter dated March 10, 2004 among the Purchasers and
                         J.W. Childs Associates, L.P., Borealis Private Equity
                         Limited Partnership, Borealis (QLP) Private Equity
                         Limited Partnership, Ontario Municipal Employees
                         Retirement Board and 3087052 Nova Scotia Company. It is
                         understood, however, that, except as provided in this
                         Section, and Sections l(gg), 8 and 11 hereof, the
                         Purchasers will pay all of their own costs and
                         expenses, including the fees of their counsel, transfer
                         taxes on resale of any of the Securities by them, and
                         any advertising expenses connected with any offers they
                         may make.

            7.    The obligations of the Purchasers hereunder shall be subject
to the condition that all representations and warranties and other statements of
the Issuers herein are, at and as of the Time of Delivery, true and correct, the
condition that the Issuers shall have performed all of their obligations
hereunder theretofore to be performed, and the following additional conditions:

            (a)   Cahill Gordon & Reindel llp, counsel for the Purchasers, shall
      have furnished to you such opinion or opinions, dated the Time of
      Delivery, as you may reasonably request, and such counsel shall have
      received such papers and information as they may reasonably request to
      enable them to pass upon such matters;

            (b)   The Purchasers shall have received written opinions, dated the
      Time of Delivery, in form and substance satisfactory to you, from:

                  (i)    Kaye Scholer LLP, as U.S. counsel for the Issuers, in
                         the form of Annex I hereto;

                  (ii)   Fasken Martineau DuMoulin LLP, Canadian counsel for the
                         Issuers, in the form of Annex II hereto;

                  (iii)  McInnes Cooper, Nova Scotia counsel for the Issuers, in
                         the form of Annex III hereto;

                  (iv)   Kaye Scholer LLP, as California counsel for the
                         Issuers, in the form of Annex IV hereto;

                  (v)    Dorsey & Whitney LLP, Minnesota counsel for the
                         Issuers, in the form of Annex V hereto;

                  (vi)   Saul Ewing LLP, Pennsylvania counsel for the Issuers,
                         in the form of Annex VI hereto;

                  (vii)  Beers Mallers Backs & Salin, LLP, Indiana counsel for
                         the Issuers, in the form of Annex VII hereto; and

                  (viii) Foster Pepper & Shefelman PLLC, Washington counsel for
                         the Issuers, in the form of Annex VIII hereto.

                                      -16-
<PAGE>

            (c)   On the date of the Offering Circular prior to the execution of
      this Agreement and also at the Time of Delivery, KPMG LLP shall have
      furnished to you a letter or letters, dated the respective dates of
      delivery thereof, in form and substance satisfactory to you, to the effect
      set forth in Annex IX hereto;

            (d)   i) Neither the Issuers nor any of their subsidiaries shall
      have sustained since the date of the latest audited financial statements
      included in the Offering Circular any loss or interference with its
      business from fire, explosion, flood or other calamity, whether or not
      covered by insurance, or from any labor dispute or court or governmental
      action, order or decree, otherwise than as set forth or contemplated in
      the Offering Circular, and (ii) since the respective dates as of which
      information is given in the Offering Circular there shall not have been
      any change in the capital stock, total debt or long-term debt of any
      Issuer or any of its subsidiaries (other than as a result of intercompany
      transactions, including without limitation, capital contributions, debt
      repayments, restructurings, amalgamations and wind-ups) or any change, or
      any development involving a prospective change, in or affecting the
      general affairs, management, financial position, shareholders' equity or
      results of operations of the Issuers and their subsidiaries, otherwise
      than as set forth or contemplated in the Offering Circular, the effect of
      which, in any such case described in clause (i) or (ii), is in the
      judgment of the Representatives so material and adverse as to make it
      impracticable or inadvisable to proceed with the offering or the delivery
      of the Securities on the terms and in the manner contemplated in this
      Agreement and in the Offering Circular;

            (e)   On or after the date hereof (i) no downgrading shall have
      occurred in the rating accorded any debt or preferred stock of the Parent
      Guarantor or any of its subsidiaries by any "nationally recognized
      statistical rating organization," as that term is defined by the
      Commission for purposes of Rule 436(g)(2) under the Act, and (ii) no such
      organization shall have publicly announced that it has under surveillance
      or review, with possible negative implications, its rating of any such
      debt or preferred stock;

            (f)   On or after the date hereof there shall not have occurred any
      of the following: (i) a suspension or material limitation in trading in
      securities generally on the New York Stock Exchange or the Toronto Stock
      Exchange; (ii) a general moratorium on commercial banking activities in
      New York or Canada is declared by the relevant authorities, or a material
      disruption in commercial banking or securities settlement or clearance
      services in the United States or Canada; (iii) a change or development
      involving a prospective change in Canadian taxation affecting the Company,
      the Securities or the transfer thereof; (iv) the outbreak or escalation of
      hostilities involving the United States or Canada, or the declaration by
      the United States or Canada of a national emergency or war or (v) the
      occurrence of any other calamity or crisis or any change in financial,
      political or economic conditions or currency exchange rates or controls in
      the United States, Canada or elsewhere, if the effect of any such event
      specified in clause (iii), (iv) or (v) in the judgment of the
      Representatives makes it impracticable or inadvisable to proceed with the
      offering or the delivery of the Securities on the terms and in the manner
      contemplated in the Offering Circular;

            (g)   The Securities have been designated for trading on PORTAL;

                                      -17-
<PAGE>

            (h)   The Issuers shall have furnished or caused to be furnished to
      you at the Time of Delivery certificates of officers of the Issuers
      satisfactory to you that the representations and warranties of the Issuers
      herein are true and correct in all material respects (to the extent not
      otherwise qualified by materiality or Material Adverse Effect) as if made
      on and as of such Time of Delivery, that the Issuers have performed or
      complied in all material respects (to the extent not otherwise qualified
      by materiality or Material Adverse Effect) with all of their obligations
      hereunder to be performed at or prior to such Time of Delivery, as to the
      matters set forth in subsection (d) of this Section and as to such other
      matters as you may reasonably request;

            (i)   Prior to or simultaneous with the Time of Delivery, the
      Issuers shall have entered into the Credit Agreement on terms no less
      favorable to the Issuers than as described in the Offering Circular, and
      the Purchasers shall have received counterparts, conformed as executed, of
      the Credit Agreement and such other documentation as they reasonably deem
      necessary to evidence the consummation thereof and the conditions to
      initial borrowing under the Credit Agreement shall be satisfied;

            (j)   Prior to or simultaneous with the Time of Delivery, the
      Issuers shall have received proceeds from an equity investment (the
      "Equity Financing") from its sponsors, certain consultants and members of
      management as described in the Offering Circular, and the Purchasers shall
      have received counterparts, conformed as executed, of any documentation
      evidencing the Equity Financing and such other documentation as they
      reasonably deem necessary to evidence the consummation thereof;

            (k)   Prior to or simultaneous with the Time of Delivery, each of
      the transactions contemplated in the Merger Agreement shall have been, or
      shall substantially simultaneously be, consummated without any material
      amendment or material waiver after the date hereof of any provision of the
      Merger Agreement or any related document executed in connection with the
      transactions contemplated in the Merger Agreement (other than any such
      amendment or waiver approved by the Representatives, such approval not to
      be unreasonably withheld), and the Initial Purchasers shall have received
      satisfactory evidence thereof. Notwithstanding any other provision of this
      Agreement, the articles of amalgamation evidencing the amalgamation
      contemplated by the Merger Agreement need not be filed prior to or
      simultaneous with the Time of Delivery; provided that the Company has
      entered into escrow arrangements satisfactory to the Representatives that
      provide for the escrow of the proceeds of the sale of the Securities and
      the initial borrowings under the Credit Agreement (if required by the
      Representatives), until the earlier of (i) the certificate of amalgamation
      is issued by the Enterprise Registrar acting under the Companies Act
      (Quebec) or (ii) such Enterprise Registrar shall have provided a
      certificate delivered to the Representatives confirming that a certificate
      attesting the amalgamation will be prepared as of June 4, 2004 in
      accordance with Section 123.119 of the Companies Act (Quebec) and will be
      provided as soon as practicable;

            (l)   Prior to or simultaneously with the Time of Delivery, the
      Issuers shall have redeemed or repurchased all outstanding debt of the
      Issuers and their subsidiaries, except as set forth in the Offering
      Circular;

                                      -18-
<PAGE>

            (m)   Prior to or simultaneously with the Time of Delivery, the
      Issuers shall have redeemed all outstanding preferred stock of the Issuers
      and their subsidiaries, if any (other than preferred stock held by the
      Issuers and as permitted by Section 6.1(b) of the Credit Agreement); and

            (n)   The Issuers shall have delivered executed copies of the
      Securities, the Indenture and the Registration Rights Agreement to the
      Purchasers.

            8.    b)    The Issuers, jointly and severally, will indemnify and
hold harmless each Purchaser against any losses, claims, damages or liabilities,
joint or several, to which such Purchaser may become subject, under the Act or
otherwise, insofar as such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon an untrue statement or alleged
untrue statement of a material fact contained in any Preliminary Offering
Circular or the Offering Circular, or any amendment or supplement thereto, or
arise out of or are based upon the omission or alleged omission to state therein
a material fact necessary to make the statements therein not misleading, and
will reimburse each Purchaser for any legal or other expenses reasonably
incurred by such Purchaser in connection with investigating or defending any
such action or claim as such expenses are incurred; provided, however, that the
Issuers shall not be liable in any such case to the extent that any such loss,
claim, damage or liability arises out of or is based upon an untrue statement or
alleged untrue statement or omission or alleged omission made in any Preliminary
Offering Circular or the Offering Circular or any such amendment or supplement
in reliance upon and in conformity with written information furnished to the
Company by or on behalf of any Purchaser through any Representative expressly
for use therein.

            (a)   Each Purchaser will indemnify and hold harmless the Issuers
against any losses, claims, damages or liabilities to which the Issuers may
become subject, under the Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based
upon an untrue statement or alleged untrue statement of a material fact
contained in any Preliminary Offering Circular or the Offering Circular, or any
amendment or supplement thereto, or arise out of or are based upon the omission
or alleged omission to state therein a material fact necessary to make the
statements therein not misleading, in each case to the extent, but only to the
extent, that such untrue statement or alleged untrue statement or omission or
alleged omission was made in any Preliminary Offering Circular or the Offering
Circular or any such amendment or supplement in reliance upon and in conformity
with written information furnished to the Company by or on behalf of such
Purchaser through any Representative expressly for use therein; and will
reimburse the Issuers for any legal or other expenses reasonably incurred by the
Issuers in connection with investigating or defending any such action or claim
as such expenses are incurred.

            (b)   Promptly after receipt by an indemnified party under
subsection (a) or (b) above of notice of the commencement of any action, such
indemnified party shall, if a claim in respect thereof is to be made against the
indemnifying party under such subsection, notify the indemnifying party in
writing of the commencement thereof; but the omission so to notify the
indemnifying party shall not relieve it from any liability which it may have to
any indemnified party otherwise than under such subsection. In case any such
action shall be brought against any indemnified party and it shall notify the
indemnifying party of the commencement thereof, the

                                      -19-
<PAGE>

indemnifying party shall be entitled to participate therein and, to the extent
that it shall wish, jointly with any other indemnifying party similarly
notified, to assume the defense thereof, with counsel reasonably satisfactory to
such indemnified party (who shall not, except with the consent of the
indemnified party, be counsel to the indemnifying party), and, after notice from
the indemnifying party to such indemnified party of its election so to assume
the defense thereof, the indemnifying party shall not be liable to such
indemnified party under such subsection for any legal expenses of other counsel
or any other expenses, in each case subsequently incurred by such indemnified
party, in connection with the defense thereof other than reasonable costs of
investigation. No indemnifying party shall, without the written consent of the
indemnified party, effect the settlement or compromise of, or consent to the
entry of any judgment with respect to, any pending or threatened action or claim
in respect of which indemnification or contribution may be sought hereunder
(whether or not the indemnified party is an actual or potential party to such
action or claim) unless such settlement, compromise or judgment (i) includes an
unconditional release of the indemnified party from all liability arising out of
such action or claim and (ii) does not include a statement as to, or an
admission of, fault, culpability or a failure to act, by or on behalf of any
indemnified party.

            (c)   If the indemnification provided for in this Section 8 is
unavailable to or insufficient to hold harmless an indemnified party under
subsection (a) or (b) above in respect of any losses, claims, damages or
liabilities (or actions in respect thereof) referred to therein, then each
indemnifying party shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, damages or liabilities (or
actions in respect thereof) in such proportion as is appropriate to reflect the
relative benefits received by the Issuers on the one hand and the Purchasers on
the other from the offering of the Securities. If, however, the allocation
provided by the immediately preceding sentence is not permitted by applicable
law or if the indemnified party failed to give the notice required under
subsection (c) above, then each indemnifying party shall contribute to such
amount paid or payable by such indemnified party in such proportion as is
appropriate to reflect not only such relative benefits but also the relative
fault of the Issuers on the one hand and the Purchasers on the other in
connection with the statements or omissions which resulted in such losses,
claims, damages or liabilities (or actions in respect thereof), as well as any
other relevant equitable considerations. The relative benefits received by the
Issuers on the one hand and the Purchasers on the other shall be deemed to be in
the same proportion as the total net proceeds from the offering (before
deducting expenses) received by the Issuers bear to the total underwriting
discounts and commissions received by the Purchasers. The relative fault shall
be determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to state
a material fact relates to information supplied by any Issuer on the one hand or
the Purchasers on the other and the parties' relative intent, knowledge, access
to information and opportunity to correct or prevent such statement or omission.
The Issuers and the Purchasers agree that it would not be just and equitable if
contribution pursuant to this subsection (d) were determined by pro rata
allocation (even if the Purchasers were treated as one entity for such purpose)
or by any other method of allocation which does not take account of the
equitable considerations referred to above in this subsection (d). The amount
paid or payable by an indemnified party as a result of the losses, claims,
damages or liabilities (or actions in respect thereof) referred to above in this
subsection (d) shall be deemed to include any legal or other expenses reasonably
incurred by such indemnified party in connection with investigating or defending
any such action or claim. Notwithstanding the provisions of this subsection (d),
no

                                      -20-
<PAGE>

Purchaser shall be required to contribute any amount in excess of the amount by
which the total price at which the Securities underwritten by it and distributed
to investors were offered to investors exceeds the amount of any damages which
such Purchaser has otherwise been required to pay by reason of such untrue or
alleged untrue statement or omission or alleged omission. The Purchasers'
obligations in this subsection (d) to contribute are several in proportion to
their respective underwriting obligations and not joint.

            (d)   The obligations of the Issuers under this Section 8 shall be
in addition to any liability which the Issuers may otherwise have and shall
extend, upon the same terms and conditions, to each person, if any, who controls
any Purchaser within the meaning of the Act; and the obligations of the
Purchasers under this Section 8 shall be in addition to any liability which the
respective Purchasers may otherwise have and shall extend, upon the same terms
and conditions, to each officer and director of each Issuer and to each person,
if any, who controls each Issuer within the meaning of the Act.

            9.    c) If any Purchaser shall default in its obligation to
purchase the Securities which it has agreed to purchase hereunder, you may in
your discretion arrange for you or another party or other parties to purchase
such Securities on the terms contained herein. If within thirty-six hours after
such default by any Purchaser you do not arrange for the purchase of such
Securities, then the Issuers shall be entitled to a further period of thirty-six
hours within which to procure another party or other parties satisfactory to you
to purchase such Securities on such terms. In the event that, within the
respective prescribed periods, you notify the Issuers that you have so arranged
for the purchase of such Securities, or the Issuers notify you that it has so
arranged for the purchase of such Securities, you or the Issuers shall have the
right to postpone the Time of Delivery for a period of not more than seven days,
in order to effect whatever changes may thereby be made necessary in the
Offering Circular, or in any other documents or arrangements, and the Issuers
agree to prepare promptly any amendments to the Offering Circular which in your
opinion may thereby be made necessary. The term "Purchaser" as used in this
Agreement shall include any person substituted under this Section with like
effect as if such person had originally been a party to this Agreement with
respect to such Securities.

            (a)   If, after giving effect to any arrangements for the purchase
of the Securities of a defaulting Purchaser or Purchasers by you and the Issuers
as provided in subsection (a) above, the aggregate principal amount of such
Securities which remains unpurchased does not exceed one-eleventh of the
aggregate principal amount of all the Securities, then the Issuers shall have
the right to require each non-defaulting Purchaser to purchase the principal
amount of Securities which such Purchaser agreed to purchase hereunder and, in
addition, to require each non-defaulting Purchaser to purchase its pro rata
share (based on the principal amount of Securities which such Purchaser agreed
to purchase hereunder) of the Securities of such defaulting Purchaser or
Purchasers for which such arrangements have not been made; but nothing herein
shall relieve a defaulting Purchaser from liability for its default.

            (b)   If, after giving effect to any arrangements for the purchase
of the Securities of a defaulting Purchaser or Purchasers by you and the Issuers
as provided in subsection (a) above, the aggregate principal amount of
Securities which remains unpurchased exceeds one-eleventh of the aggregate
principal amount of all the Securities, or if the Issuers shall not exercise the
right described in subsection (b) above to require non-defaulting

                                      -21-
<PAGE>

Purchasers to purchase Securities of a defaulting Purchaser or Purchasers, then
this Agreement shall thereupon terminate, without liability on the part of any
non-defaulting Purchaser or any Issuer, except for the expenses to be borne by
the Issuers and the Purchasers as provided in Section 6 hereof and the indemnity
and contribution agreements in Section 8 hereof; but nothing herein shall
relieve a defaulting Purchaser from liability for its default.

            10.   The respective indemnities, agreements, representations,
warranties and other statements of the Issuers and the several Purchasers, as
set forth in this Agreement or made by or on behalf of them, respectively,
pursuant to this Agreement, shall remain in full force and effect, regardless of
any investigation (or any statement as to the results thereof) made by or on
behalf of any Purchaser or any controlling person of any Purchaser, any Issuer
or any officer or director or controlling person of any Issuer and shall survive
delivery of and payment for the Securities.

            11.   If this Agreement shall be terminated pursuant to Section 9
hereof, no Issuer shall then be under any liability to any Purchaser except as
provided in Section 8 hereof and, as to any non-defaulting Purchaser, in Section
6 hereof; but, if for any other reason, the Securities are not delivered by or
on behalf of the Issuers as provided herein, the Issuers will, jointly and
severally, reimburse the Purchasers through you for all out-of-pocket expenses
approved in writing by you, including fees and disbursements of counsel,
reasonably incurred by the Purchasers in making preparations for the purchase,
sale and delivery of the Securities but no Issuer shall then be under further
liability to any Purchaser except as provided in Sections 6 and 8 hereof.

            12.   In all dealings hereunder, you shall act on behalf of each of
the Purchasers, and the parties hereto shall be entitled to act and rely upon
any statement, request, notice or agreement on behalf of any Purchaser made or
given by the Representatives.

            All statements, requests, notices and agreements hereunder shall be
in writing, and if to the Purchasers shall be delivered or sent by mail or
facsimile transmission to you as the Representatives c/o Goldman, Sachs & Co.,
85 Broad Street, New York, New York 10004, Attention: Registration Department;
and if to any Issuer shall be delivered or sent by mail or facsimile
transmission to the address of the Company set forth in the Offering Circular,
Attention: Secretary; provided, however, that any notice to a Purchaser pursuant
to Section 8(c) hereof shall be delivered or sent by mail or facsimile
transmission to such Purchaser at its address set forth in its Purchasers'
Questionnaire, or document constituting such Questionnaire, which address will
be supplied to the Company by you upon request. Any such statements, requests,
notices or agreements shall take effect upon receipt thereof.

            13.   This Agreement shall be binding upon, and inure solely to the
benefit of, the Purchasers, the Issuers and, to the extent provided in Sections
8 and 10 hereof, the officers and directors of each Issuer and each person who
controls any Issuer or any Purchaser, and their respective heirs, executors,
administrators, successors and assigns, and no other person shall acquire or
have any right under or by virtue of this Agreement, other than as set forth in
the first sentence of Section 1(gg). No purchaser of any of the Securities from
any Purchaser shall be deemed a successor or assign by reason merely of such
purchase.

                                      -22-
<PAGE>

            14.   Each Issuer irrevocably (i) agrees that any legal suit, action
or proceeding against any Issuer brought by any Purchaser or by any person who
controls any Purchaser arising out of or based upon this Agreement or the
transactions contemplated hereby may be instituted in any New York Court, (ii)
waives, to the fullest extent it may effectively do so, any objection which it
may now or hereafter have to the laying of venue of any such proceeding and
(iii) submits to the non-exclusive jurisdiction of such courts in any such suit,
action or proceeding. The Issuers have appointed National Registered Agents,
Inc., 875 Avenue of the Americas, Suite 501, New York, New York, 10001, as their
authorized agent (the "Authorized Agent") upon whom process may be served in any
such action arising out of or based on this Agreement or the transactions
contemplated hereby which may be instituted in any New York Court by any
Purchaser or by any person who controls any Purchaser, expressly consent to the
jurisdiction of any such court in respect of any such action, and waive any
other requirements of or objections to personal jurisdiction with respect
thereto. Such appointment shall be irrevocable. Each Issuer, jointly and
severally, represents and warrants that the Authorized Agent has agreed to act
as such agent for service of process and agrees to take any and all action,
including the filing of any and all documents and instruments, that may be
necessary to continue such appointment in full force and effect as aforesaid.
Service of process upon the Authorized Agent and written notice of such service
to any Issuer shall be deemed, in every respect, effective service of process
upon the Issuer.

            15.   In respect of any judgment or order given or made for any
amount due hereunder that is expressed and paid in a currency (the "judgment
currency") other than United States dollars, each Issuer will, jointly and
severally, indemnify each Purchaser against any loss incurred by such Purchaser
as a result of any variation as between (i) the rate of exchange at which the
United States dollar amount is converted into the judgment currency for the
purpose of such judgment or order and (ii) the rate of exchange at which a
Purchaser is able to purchase United States dollars with the amount of judgment
currency actually received by such Purchaser. The foregoing indemnity shall
constitute a separate and independent obligation of each Issuer and shall
continue in full force and effect notwithstanding any such judgment or order as
aforesaid. The term "rate of exchange" shall include any premiums and costs of
exchange payable in connection with the purchase of or conversion into United
States dollars.

            16.   Time shall be of the essence of this Agreement.

            17.   THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

            18.   This Agreement may be executed by any one or more of the
parties hereto in any number of counterparts, each of which shall be deemed to
be an original, but all such respective counterparts shall together constitute
one and the same instrument.

            19.   The Issuers are authorized, subject to applicable law, to
disclose any and all aspects of this potential transaction that are necessary to
support any U.S. federal income tax benefits expected to be claimed with respect
to such transaction, and all materials of any kind (including tax opinions and
other tax analyses) related to those benefits, without the Purchasers imposing
any limitation of any kind.

                                      -23-
<PAGE>

            If the foregoing is in accordance with your understanding, please
sign and return to us five counterparts hereof, and upon the acceptance hereof
by you, on behalf of each of the Purchasers, this letter and such acceptance
hereof shall constitute a binding agreement between each of the Purchasers and
the Issuers. It is understood that your acceptance of this letter on behalf of
each of the Purchasers is pursuant to the authority set forth in a form of
Agreement among Purchasers, the form of which shall be submitted to the Issuers
for examination upon request, but without warranty on your part as to the
authority of the signers thereof.

                                              Very truly yours,

                                              MAAX CORPORATION

                                              By:  /s/ James C. Rhee
                                                   ------------------
                                                   Name:  James C. Rhee
                                                   Title: Secretary

                                              BEAUCELAND CORPORATION, as
                                              Parent Guarantor

                                              By:  /s/ James C. Rhee
                                                   ------------------
                                                   Name:James C. Rhee
                                                   Title: Secretary

                                      -24-
<PAGE>

                                 4200217 Canada Inc., a Canada corporation

                                 By:  /s/ James C. Rhee
                                      --------------------
                                      Name:  James C. Rhee
                                      Title: Secretary

                                      -25-
<PAGE>

                 MAAX HOLDING CO., a Delaware corporation
                 MAAX-KSD CORPORATION, a Pennsylvania, corporation
                 PEARL BATHS, INC. a Minnesota corporation
                 MAAX-HYDRO SWIRL MANUFACTURING CORP., a Washington corporation
                 MAAX MIDWEST, INC., an Indiana corporation
                 MAAX SPAS (ARIZONA), INC., a California corporation
                 AKER PLASTICS COMPANY INC., an Indiana corporation
                 MAAX CANADA INC., a Canada corporation
                 CUISINE EXPERT - C.E. CABINETS INC., a Canada corporation
                 9022-3751 QUEBEC INC., a Quebec company
                 MAAX SPAS (ONTARIO) INC., a Canada corporation
                 MAAX SPAS (B.C.) INC., a Canada corporation

                 By:     /s/ Denis Aubin
                         ------------------
                 Name:   Denis Aubin
                 Title:  Director & Officer

                                      -26-
<PAGE>

                          MAAX LLC, a Delaware limited liability company, its
                              ---------

                          By:    /s/ Denis Aubin
                                 ---------------
                          Name:  Denis Aubin
                          Title: Secretary

                                      -27-
<PAGE>

Accepted as of the date hereof:
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith
               Incorporated

By: /s/ Goldman, Sachs & Co.
   ---------------------------
   (Goldman, Sachs & Co.)

Merrill Lynch, Pierce, Fenner & Smith
               Incorporated

By:   /s/ Greg Margolies
    ----------------------------
      Name: Greg Margolies
      Title:  Managing Director

On behalf of each of the Purchasers listed in Schedule I

                                      -28-
<PAGE>

                                   SCHEDULE I

<TABLE>
<CAPTION>
                                                                     PRINCIPAL AMOUNT
                                                                    OF SECURITIES TO BE
                   PURCHASER                                            PURCHASED
<S>                                                                 <C>
Goldman, Sachs & Co...........................................      US$   70,500,000.00
Merrill Lynch, Pierce, Fenner & Smith Incorporated............            49,500,000.00
RBC Capital Markets Corporation...............................            30,000,000.00
                                                                    -------------------
                     Total....................................      US$  150,000,000.00
                                                                    ===================
</TABLE>

<PAGE>

                                   SCHEDULE II

                                   GUARANTORS

<TABLE>
<CAPTION>
       GUARANTOR                          JURISDICTION OF ORGANIZATION             STOCKHOLDER
------------------------------------      ----------------------------          -------------------
<S>                                       <C>                                   <C>
Beauceland Corporation                              Nova Scotia                 MAAX Holdings, Inc.

MAAX Holding Co.                                     Delaware                     MAAX Corporation

MAAX-KSD Corporation                               Pennsylvania                   MAAX Holding Co.

MAAX-HYDRO SWIRL Manufacturing Corp.                Washington                    MAAX Holding Co.

Pearl Baths, Inc.                                    Minnesota                    MAAX Holding Co.

MAAX Midwest, Inc.                                    Indiana                     MAAX Holding Co.

MAAX Spas (Arizona), Inc.                           California                    MAAX Holding Co.

Aker Plastics Company Inc.                            Indiana                     MAAX Holding Co.

MAAX LLC                                             Delaware                     MAAX Canada Inc.

4200217 Canada Inc.                                   Canada                      MAAX Canada Inc.

MAAX Canada Inc.                                      Canada                      MAAX Corporation

Cuisine Expert - C.E. Cabinets Inc.                   Canada                      MAAX Canada Inc.

9022-3751 Quebec Inc.                                 Quebec                    4200217 Canada Inc.

MAAX Spas (Ontario) Inc.                              Canada                      MAAX Canada Inc.

MAAX Spas (B.C.) Inc.                                 Canada                      MAAX Canada Inc.
</TABLE>

<PAGE>

                                  SCHEDULE III

                                  SUBSIDIARIES

<TABLE>
<CAPTION>
      SUBSIDIARY                          JURISDICTION OF ORGANIZATION                STOCKHOLDER
------------------------------------      ----------------------------          -----------------------------
<S>                                       <C>                                   <C>
4200217 Canada Inc.                                   Canada                        MAAX Canada Inc.

MAAX Canada Inc.                                      Canada                        MAAX Corporation

Cuisine Expert - C.E. Cabinets Inc.                   Canada                        MAAX Canada Inc.

MAAX Spas (Ontario) Inc.                              Canada                        MAAX Canada Inc.

MAAX Spas (B.C.) Inc.                                 Canada                        MAAX Canada Inc.

9022-3751 Quebec Inc.                                 Quebec                       4200217 Canada Inc.

MAAX Holding Co.                                     Delaware                       MAAX Corporation

MAAX-KSD Corporation                               Pennsylvania                     MAAX Holding Co.

Pearl Baths, Inc.                                    Minnesota                      MAAX Holding Co.

MAAX-HYDRO SWIRL  Manufacturing Corp.               Washington                      MAAX Holding Co.

MAAX Midwest, Inc.                                    Indiana                       MAAX Holding Co.

MAAX Spas (Arizona), Inc.                           California                      MAAX Holding Co.

Aker Plastics Company Inc.                            Indiana                       MAAX Holding Co.

MAAX (2004) LLC                                      Delaware                       MAAX Hungary Services
                                                                                    Limited Liability Company
                                                                                    MAAX Canada Inc.

MAAX Europe Holding B.V.                            Netherlands                     MAAX Canada Inc.

Halero B.V.                                         Netherlands                     MAAX Europe Holding B.V.

SaniNova B.V.                                       Netherlands                     Halero B.V.

MAAX Luxembourg S.A.R.L.                            Luxembourg                      MAAX Canada Inc.

** MAAX LLC                                          Delaware                       MAAX Canada Inc.

MAAX Hungary Services Limited                         Hungary                       MAAX Luxembourg S.A.R.L.
Liability Company                                                                   MAAX Canada Inc.

* MAAX Delaware Co.                                  Delaware

* MAAX Capital Co.                                   Delaware

* MAAX Europe LLC                                    Delaware

* 4200209 Canada Inc.                                 Canada
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
      SUBSIDIARY                          JURISDICTION OF ORGANIZATION                STOCKHOLDER
------------------------------------      ----------------------------          -----------------------------
<S>                                       <C>                                   <C>

* 3087052 Nova Scotia Company                       Nova Scotia

* 3087053 Nova Scotia Company                       Nova Scotia

* 9139-4460 Quebec Inc.                               Quebec

* 9139-7158 Quebec Inc.                               Quebec

* MAAX Finance Quebec                                 Quebec
</TABLE>

* These entities will be dissolved, liquidated, amalgamated or wound-up in
connection with the consummation of the transactions.
<PAGE>

                                     ANNEX I

[Form of Opinion of Kaye Scholer LLP, U.S. counsel for the Issuers]
<PAGE>

                                    ANNEX II

               [Form of Opinion of Fasken Martineau DuMoulin LLP,
                       Canadian counsel for the Issuers]

<PAGE>

                                    ANNEX III

    [Form of Opinion of McInnes Cooper, Nova Scotia counsel for the Issuers]
<PAGE>

                                    ANNEX IV

  [Form of Opinion of Kaye Scholer LLP, California counsel for the Issuers]
<PAGE>

                                     ANNEX V

  [Form of Opinion of Dorsey & Whitney LLP, Minnesota counsel for the Issuers]
<PAGE>

                                    ANNEX VI

   [Form of Opinion of Saul Ewing LLP, Pennsylvania counsel for the Issuers]

<PAGE>
                                   ANNEX VII

             [Form of Opinion of Beers Mallers Backs & Salin, LLP,
                        Indiana counsel for the Issuers]

<PAGE>
                                   ANNEX VIII

              [Form of Opinion of Foster Pepper & Shefelman PLLC,
                      Washington counsel for the Issuers]

<PAGE>

                                    ANNEX IX

                            [Form of Comfort Letter]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]