Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - FC Financial Serivces Inc. - Exhibit 10.10

EXCHANGEABLE SHARE SUPPORT AGREEMENT 

MEMORANDUM OF AGREEMENT made as of the
29th day of September, 2006 

	BETWEEN : 	
      FC FINANCIAL SERVICES INC., a corporation existing
      under the laws of the State of Nevada, 

	 	
       

	  	
      (hereinafter referred to as the “Parent”) 

	 	
       

	AND : 	
      1260491 ALBERTA INC., a corporation existing under
      the laws of Alberta, 

	 	
       

	  	
      (hereinafter referred to as “Exchangeco”) 

	 	
       

	AND: 	
      EQUITY TRANSFER & TRUST COMPANY, a corporation
      existing under the laws of Canada, 

	 	
       

	  	
      (hereinafter referred to as the “Trustee”) 

	 	
       

	AND: 	
      SASS PERESS of the District of Montreal,

	 	
       

	  	
      (hereinafter referred to as “Peress”) 

	 	
       

	AND: 	
      JOEL COHEN, of the District of Montreal,

	 	
       

	  	
      (hereinafter referred to as “Cohen”) 

	 	
       

	AND: 	
      ARLENE ADES, of the District of Montreal

	 	
       

	  	
      (hereinafter referred to as “Ades”) 

	 	
       

	AND: 	
      THE SASS PERESS FAMILY TRUST, a trust established
      under the laws of the Province of Quebec 

	 	
       

	  	
      (hereinafter referred to as “Trust I”) 

	 	
       

	AND: 	
      THE PERESS FAMILY TRUST, a trust established under
      the laws of the Province of Quebec 

	 	
       

	  	
      (hereinafter referred to as “Trust II”)

- 2 -

	AND: 	
      EASTERN LIQUIDITY PARTNERS LTD., a corporation
      existing under the laws of Canada 

	  	
       

	  	
      (hereinafter referred to as “Eastern Liquidity”)
  

	  	
       

		
      (Peress, Cohen, Ades, Trust I, Trust II and Eastern
      Liquidity being collectively referred to as the “ICP Shareholders”)
  

WHEREAS pursuant to a share purchase agreement (the
“Share Purchase Agreement”) dated as of September 28th, 2006, between
the Parent, Exchangeco, the ICP Shareholders and ICP Solar Technologies Inc.
(the “Corporation”), Exchangeco is to issue exchangeable shares (the
“Exchangeable Shares”) to the ICP Shareholders; 

AND WHEREAS pursuant to the Share Purchase Agreement,
the Parent and Exchangeco have agreed to execute a support agreement
substantially in the form of this agreement; 

NOW THEREFORE in consideration of the respective
covenants in this agreement and for other valuable consideration (the receipt
and sufficiency of which are acknowledged), the parties agree as follows: 

ARTICLE 1 - DEFINITIONS AND INTERPRETATION 

	1.1 	
      Defined Terms

	 	 
		
      Each term denoted herein by initial capital letters and
      not otherwise defined herein shall have the meaning ascribed thereto in
      the rights, privileges, restrictions and conditions (collectively the
      “Share Provisions”) attaching to the Exchangeable Shares as set out in the
      Articles of Incorporation of Exchangeco annexed hereto as Schedule A,
      unless the context requires otherwise.

	 	 
	1.2 	
      Interpretation Not Affected by Headings

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

- 3 -

		
      this agreement and not to any particular Article, section
      or other portion hereof and include any agreement or instrument
      supplementary or ancillary hereto.

	 	 
	1.3 	
      Number, Gender

	 	 
		
      Words importing the singular number only shall include
      the plural and vice versa. Words importing any gender shall include
      all genders.

	 	 
	1.4 	
      Date for any Action

	 	 
		
      If any date on which any action is required to be taken
      under this agreement is not a Business Day, such action shall be required
      to be taken on the next succeeding Business Day. For the purposes of this
      agreement, a “Business Day” means any day on which commercial banks are
      open for business in New York, New York and Montreal, Quebec, other than a
      Saturday, a Sunday or a day observed as a holiday in Montreal, Quebec
      under the laws of the Province of Quebec or the federal laws of Canada or
      in New York, New York under the laws of the State of New York or the
      federal laws of the United States of America.

ARTICLE 2 – COVENANTS OF THE PARENT AND
EXCHANGECO 

	2.1 	
      Covenants Regarding Exchangeable Shares

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

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

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

- 4 -

	 	(c) 	
      ensure that the record date for any dividend declared on
      Parent Common Shares is not less than five (5) Business Days after the
      declaration date of such dividend;

	 	 	 
	 	(d) 	
      take all such actions and do all such things as are
      reasonably necessary or desirable to enable and permit Exchangeco, in
      accordance with applicable law, to pay and otherwise perform its
      obligations with respect to the satisfaction of the Liquidation Amount,
      Retraction Price, or the Redemption Price in respect of each issued and
      outstanding Exchangeable Share upon a Liquidation, the delivery of a
      Retraction Request by a holder of Exchangeable Shares, or a redemption of
      Exchangeable Shares by Exchangeco, as the case may be, including, without
      limitation, all such actions and all such things as are necessary or
      desirable to enable and permit Exchangeco to cause to be delivered Parent
      Common Shares to the holders of Exchangeable Shares in accordance with the
      provisions of sections III 2, III 5 or III 6, as the case may be, of the
      Share Provisions; and

	 	 	 
	 	(e) 	
      take all such actions and do all such things as are
      necessary or desirable to enable and permit it, in accordance with
      applicable law, to perform its obligations arising upon the exercise by it
      of the Liquidation Call Right, the Retraction Call Right or the Redemption
      Call Right including, without limitation, actions and all such things as
      are necessary or desirable to enable, permit and instruct Exchangeco to
      cause the Parent Common Shares to be delivered to the holders of
      Exchangeable Shares in accordance with the provisions of paragraphs III
      2(e), III 5(c), III 5(e), III 6(e) and III 6(f) of the Share
      Provisions.

	2.2 	
      Segregation of Funds

	 	 
		
      The Parent will cause Exchangeco (and shall fund
      Exchangeco to the extent necessary) to deposit a sufficient amount of its
      funds in a separate account of Exchangeco and segregate a sufficient
      amount of such other of its assets and property as is necessary to enable
      Exchangeco to pay dividends when due and to pay or otherwise satisfy its
      respective obligations under sections III 1, III 2, III 5 or III 6 of the
      Share Provisions, as applicable.

	 	 
	2.3 	
      Issuance and Reservation

	 	 
		
      The Parent hereby represents, warrants and covenants in
      favour of Exchangeco that the Parent has reserved for issuance and will,
      at all times while any Exchangeable Shares (other than Exchangeable Shares
      held by the Parent or its affiliates) are outstanding, keep available,
      free from pre-emptive and other rights,

- 5 -

		
      out of its authorized and unissued capital stock the
      greater of 20,000,000 Parent Common Shares (or other shares or securities
      into which Parent Common Shares may be reclassified or changed as
      contemplated by section 2.7 hereof) and that number of Parent Common
      Shares (a) as is equal to the sum of (i) the number of Exchangeable Shares
      issued and outstanding from time to time (including any Exchangeable
      Shares issued pursuant to paragraph III 1(a) of the Share Provisions) and
      (ii) the number of Exchangeable Shares issuable upon the exercise of all
      rights to acquire Exchangeable Shares outstanding from time to time (if
      any) and (b) as are now and may hereafter be required to enable and permit
      the Parent to meet its obligations under the Voting and Exchange Trust
      Agreement and under any other security or commitment pursuant to which the
      Parent may now or hereafter be required to issue Parent Common Shares and
      to enable and permit Exchangeco to meet its respective obligations
      hereunder and under the Share Provisions.

	 	 
	2.4 	
      Notification of Certain Events

	 	 
		
      Exchangeco will notify the Parent and the Corporation of
      each of the following events at the time set forth
below:

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

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

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

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

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

- 6 -

	2.5 	
      Delivery of Parent Common Shares to
    Exchangeco

	 	 
		
      In furtherance of its obligations under paragraph 2.1(d)
      hereof, upon notice from Exchangeco or any holder of Exchangeable Shares
      of any event that requires Exchangeco to cause to be delivered Parent
      Common Shares to any holder of Exchangeable Shares, the Parent shall
      forthwith issue and deliver or cause to be delivered to the former holder
      of the surrendered Exchangeable Shares the requisite number of Parent
      Common Shares to be received by, and issued to or to the order of, the
      former holder of the surrendered Exchangeable Shares, as the former
      holder(s) shall direct. All such Parent Common Shares shall be duly
      authorized and validly issued as fully paid and non-assessable and shall
      be free and clear of any lien, claim or encumbrance. In consideration of
      the issuance and delivery of each such Parent Common Share, Exchangeco,
      shall issue to the Parent, or as the Parent shall direct, common shares of
      Exchangeco having equivalent value. Notwithstanding any of the foregoing,
      the Parent will refuse to issue any Parent Common Shares to holders of
      Exchangeable Shares not made in accordance with the provisions of
      Regulation S of the Securities Act of 1933 or pursuant to
      registrations under the Securities Act, an available exemption from
      registration or this Agreement.

	 	 
	2.6 	
      Non-Issuance of Parent Common Shares

	 	 
		
      Notwithstanding any of the provisions of this Agreement,
      the Parent will refuse to issue any Parent Common Shares to holders of
      Exchangeable Shares not made in accordance with the provisions of
      Regulation S of the Securities Act of 1933 or pursuant to
      registrations under the Securities Act of 1933, an applicable
      exemption from registration, an applicable exemption under Canadian
      securities laws or this Agreement.

	 	 
	2.7 	
      Economic Equivalence

	 	 
		
      So long as any Exchangeable Shares not owned by the
      Parent or an Affiliate are outstanding:

	 	(a) 	
      The Parent will not:

	 	 	 	 
	 		(i) 	
      issue or distribute Parent Common Shares (or securities
      exchangeable for or convertible into or carrying rights to acquire Parent
      Common Shares) to the holders of all or substantially all of the then
      outstanding Parent Common Shares by way of stock dividend or other
      distribution, other than an issue of Parent

- 7 -

	 		
      Common Shares (or securities exchangeable for or
      convertible into or carrying rights to acquire Parent Common Shares) to
      holders of Parent Common Shares who exercise an option to receive
      dividends in Parent Common Shares (or securities exchangeable for or
      convertible into or carrying rights to acquire Parent Common Shares) in
      lieu of receiving cash dividends; or

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

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

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

	 	 	 
	 	(b) 	
      The Parent will not:

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

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

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

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

- 8 -

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

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

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

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

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

- 9 -

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

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

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

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

	2.8 	
      Tender Offers

- 10 -

		
      In the event that a tender offer, share exchange offer,
      issuer bid, takeover bid or similar transaction with respect to Parent
      Common Shares (an “Offer”) is proposed by the Parent or is proposed to the
      Parent or its shareholders and is recommended by the Board of Directors of
      the Parent, or is otherwise effected or to be effected with the consent or
      approval of the Board of Directors of the Parent, and the Exchangeable
      Shares are not redeemed by Exchangeco, the Parent will expeditiously take
      all such actions and do all such things as are necessary or desirable to
      enable and permit holders of Exchangeable Shares to participate in such
      Offer to the same extent and on an economically equivalent basis as the
      holders of Parent Common Shares, without discrimination. Without limiting
      the generality of the foregoing, the Parent will ensure that holders of
      Exchangeable Shares may participate in all such Offers without being
      required to retract Exchangeable Shares as against Exchangeco (or, if so
      required, to ensure that any such retraction shall be effective only upon,
      and shall be conditional upon, the closing of the Offer and only to the
      extent necessary to tender or deposit to the Offer).

	 	 
	2.9 	
      Ownership of Outstanding Shares

	 	 
		
      The Parent covenants and agrees in favour of Exchangeco
      that, as long as any outstanding Exchangeable Shares are owned by any
      person or entity other than the Parent or any of its Affiliates, the
      Parent will be and remain the direct or indirect beneficial owner of all
      issued and outstanding voting shares in the capital of
  Exchangeco.

	 	 
	2.10 	
      Parent and Affiliates Not to Vote Exchangeable
      Shares

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

	 	 
	2.11 	
      Rule 10b-18 Purchases

- 11 -

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

	 	 
	2.12 	
      Representations and
Covenants

	 	(a) 	
      Each of Parent and Exchangeco, jointly and severally,
      represent to the other such party and all other third-party beneficiaries
      of this Agreement, that (i) the authorized capital of Exchangeco as of the
      date hereof consists of an unlimited number of common stock, of which 100
      shares are issued and outstanding, and an unlimited number of Class A
      Exchangeable Shares, of which none are issued and outstanding, and no
      change has been made or occurred with respect to such authorized capital
      prior to closing of this Agreement; (ii) immediately prior to issuance of
      the Exchangeable Shares, Exchangeco has no issued or outstanding capital
      stock other than the common shares, all of which are owned by the Parent;
      (iii) there are no claims pending or threatened against the Parent or
      Exchangeco in regard to any prior transaction or matters; and (iv) there
      are no continuing, residual or future obligations required to be
      maintained or performed by Exchangeco with respect to any prior
      shareholders of Exchangeco or transaction other than in regard to the
      Parent in its capacity as the sole holder of all common shares of
      Exchangeco;

	 	 	 
	 	(b) 	
      The Parent undertakes, covenants and agrees that unless
      and until the first business day immediately following the exchange of all
      of the Exchangeable Shares: (i) the Parent shall be and remain the sole
      holder of record and beneficial owner of the common shares of Exchangeco;
      and (ii) the Parent shall be and remain in sole control of
    Exchangeco;

	 	 	 
	 	(c) 	
      Each of the Parent and Exchangeco covenant and agree that
      Exchangeco will not be used for any future transaction, or carry on any
      business, unless and until all Exchangeable Shares have been exchanged
      and/or the rights of the holders of the Exchangeable Shares have otherwise
      terminated in accordance with the Share
Provisions.

ARTICLE 3 – PARENT SUCCESSORS 

	3.1 	
      Certain Requirements in Respect of Combination,
      etc.

	 	 
		
      The Parent shall not consummate any transaction (whether
      by way of reconstruction, reorganization, consolidation, merger, transfer,
      sale, lease or

- 12 -

		
      otherwise) whereby all or substantially all of its
      undertaking, property and assets would become the property of any other
      person or, in the case of a merger, of the continuing corporation
      resulting therefrom unless the unanimous consent of the holders of the
      Exchangeable Shares is obtained.

	 	 
	3.2 	
      Vesting of Powers in Successor

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

ARTICLE 4 – GENERAL 

	4.1 	
      Term

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

	 	 
	4.2 	
      Changes in Capital of the Parent and
    Exchangeco

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

	 	 
	4.3 	
      Severability

	 	 
		
      If any provision of this agreement is held to be invalid,
      illegal or unenforceable, the validity, legality or enforceability of the
      remainder of this agreement shall not

- 13 -

		
      in any way be affected or impaired thereby and this
      agreement shall be carried out as nearly as possible in accordance with
      its original terms and conditions.

	 	 
	4.4 	
      Amendments, Modifications

	 	 
		
      This agreement may not be amended or modified except by
      an agreement in writing executed by Exchangeco and the Parent and approved
      by the holders of the Exchangeable Shares in accordance with paragraph III
      7(e) of the Share Provisions.

	 	 
	4.5 	
      Ministerial Amendments

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

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

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

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

	4.6 	
      Meeting to Consider Amendments

	 	 
		
      Exchangeco, at the request of the Parent, shall call a
      meeting or meetings of the holders of the Exchangeable Shares for the
      purpose of considering any proposed amendment or modification requiring
      approval pursuant to section 4.4 hereof.

- 14 -

		
      Any such meeting or meetings shall be called and held in
      accordance with the by-laws of Exchangeco, the Share Provisions and all
      applicable laws.

	 	 
	4.7 	
      Enurement

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

	 	 
	4.8 	
      Notices to Parties

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

	 	if to Exchangeco: 	c/o Witten LLP 
	 	  	2500 Canadian Western Bank Place 
	 	  	10,303 Jasper Avenue 
	 	  	Edmonton, Alberta 
	 	  	T5J 3N6 
	 	with copy to: 	Spiegel Sohmer Inc. 
	 	  	5 Place Ville Marie 
	 	  	Suite 1203 
	 	  	Montreal, Quebec 
	 	  	H3B 2G2 
	 	  	  
	 	  	Attention : Mr. Robert Raich 
	 	  	  
	 	  	Telecopier: (514) 875-8237 
	 	  	  
	 	  	Taras Chebountchak 
	 	if to the Parent: 	President 
	 	  	c/o 110 Jardin Drive 
	 	  	Suite 13 
	 	  	Concord, Ontario, Canada 
	 	  	L4K 2T7 
	 	  	  
	 	  	Telecopier: (905) 761-1095 
	 	  	  
	 	If to the Trustee: 	120 Adelaide Street West 
	 	  	Suite 420 
	 	  	Toronto, Ontario 

- 15 -

	 	  	M5H 4C3 
	 	  	  
	 	  	Attention: Corporate Trust Department
  
	 	  	Telecopier: (416) 361-0470 
	 	  	  
	 	  	  
	 	  	c/o Mr. Sass Peress 
	 	If to the ICP Shareholders: 	6995 Jeanne-Mance 
	 	  	Montreal, Quebec 
	 	  	H3N 1W5 
	 	  	  
	 	  	Telecopier: (514) • 

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

	 	 
	4.9 	
      Counterparts

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

	 	 
	4.10 	
      Jurisdiction

	 	 
		
      This agreement shall be construed and enforced in
      accordance with the laws of the State of Nevada and the laws of the United
      States of America applicable therein.

	 	 
	4.11 	
      Attornment

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

- 16 -

	4.12 	
      Language

	 	 
		
      The parties hereto acknowledge that they have requested
      and are satisfied that this agreement be drawn up in English; Les parties
      aux présentes reconnaissent qu'elles ont exigé que ce contrat soit rédigé
      en anglais et s'en déclarent satisfaites.

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

	FC FINANCIAL SERVICES INC. 	 	 1260491 ALBERTA INC. 
	  	  	 	  	  
	  	  	 	  	  
	Per: 	/s/ Taras Chebountchak 	 	Per: 	/s/ Sass Peress 
		“Parent” 	 	  	“Exchangeco” 
	  	  	 	  	  
	EQUITY TRANSFER & TRUST 	 	  	  
	COMPANY 	 	  	  
	  	  	 	  	  
	  	  	 	  	  
	Per: 	/s/ Carol Mikos	 	  	/s/ Sass Peress 
	  	  	 	  	  
	  	  	 	  	  
	Per: 	/s/ Rosa Vieira	 	  	  
	  	“Trustee” 	 	  	SASS PERESS 
	  	  	 	  	“Peress” 
	  	  	 	  	  
	  	  	 	  	  
	  	  	 	  	  
	/s/ Joel
      Cohen 	 	  	/s/ Arlene Ades 
	JOEL COHEN 	 	  	ARLENE ADES 
	“Cohen” 	 	  	“Ades” 
	  	  	 	  	  
	  	  	 	  	  
	THE SASS PERESS FAMILY TRUST 	 	 THE PERESS FAMILY TRUST 
	  		 	  	  
	  	  	 	  	  
	Per: 	 /s/ Sass Peress 	 	Per: 	/s/ Sass Peress 
		“Trust I” 	 	  	“Trust II” 
	  	  	 	  	  
	  	  	 	  	  
	EASTERN LIQUIDITY PARTNERS 	 	  	  
	LTD. 	 	  	  
	  	  	 	  	  
	  	  	 	  	  
	Per: 	/s/ Maurice Peress 	 	  	  
	  	“Eastern Liquidity” 	 	  	  

SCHEDULE AFiled by Automated Filing Services Inc. (604) 609-0244 - FC Financial Services Inc. - Exhibit 10.11

EXCHANGE AND VOTING TRUST AGREEMENT 

MEMORANDUM OF AGREEMENT made as of the
29TH day of September, 2006 

	BETWEEN : 	
      FC FINANCIAL SERVICES INC., a corporation existing
      under the laws of the State of Nevada, 

	 	
       

	  	
      (hereinafter referred to as the “Parent”) 

	 	
       

	AND : 	
      1260491 ALBERTA INC., a corporation existing under
      the laws of Alberta, 

	 	
       

	  	
      (hereinafter referred to as the “Exchangeco”) 

	 	
       

	AND: 	
      EQUITY TRANSFER & TRUST COMPANY, a corporation
      existing under the laws of Canada, 

	 	
       

	  	
      (hereinafter referred to as the “Voting Trustee”)
  

	 	
       

	AND: 	
      SASS PERESS of the District of Montreal,

	 	
       

	  	
      (hereinafter referred to as “Peress”) 

	 	
       

	AND: 	
      JOEL COHEN, of the District of Montreal,

	 	
       

	  	
      (hereinafter referred to as “Cohen”) 

	 	
       

	AND: 	
      ARLENE ADES, of the District of Montreal

	 	
       

	  	
      (hereinafter referred to as “Ades”) 

	 	
       

	AND: 	
      THE SASS PERESS FAMILY TRUST, a trust established
      under the laws of the Province of Quebec 

	 	
       

	  	
      (hereinafter referred to as “Trust I”) 

	 	
       

	AND: 	
      THE PERESS FAMILY TRUST, a trust established under
      the laws of the Province of Quebec 

	 	
       

	  	
      (hereinafter referred to as “Trust II”)

- 2 - 

	AND: 	
      EASTERN LIQUIDITY PARTNERS LTD., a corporation
      existing under the laws of Canada 

	 	
       

	  	
      (hereinafter referred to as “Eastern Liquidity”)
  

	 	
       

		
      (Peress, Cohen, Ades. Trust I, Trust II and Eastern
      Liquidity being collectively referred to as the “ICP Shareholders”)
  

	 	
       

	AND: 	
      TARAS CHEBOUNTCHAK, 

	 	
       

	  	
      (hereinafter referred to as “Chebountchak”) 

	 	
       

	AND: 	
      ORIT STOLYAR, 

	 	
       

	  	
      (hereinafter referred to as “Stolyar”) 

	 	
       

		
      (Chebountchak and Stolyar being collectively referred to
      as the “Depositing Shareholders”) 

WHEREAS pursuant to a share purchase agreement (the
“Share Purchase Agreement”) dated as of September 28, 2006, between the Parent,
Exchangeco, the ICP Shareholders and the Depositing Shareholders, Exchangeco is
to issue exchangeable shares (the “Exchangeable Shares”) to certain holders of
Class A shares of ICP Solar Technologies Inc. (the “Corporation”); 

WHEREAS the ICP Shareholders were, prior to the
execution of the Share Purchase Agreement, the owners of all of the issued and
outstanding Class A shares of the Corporation; 

WHEREAS pursuant to the Share Purchase Agreement, the
Parent and Exchangeco have agreed to execute a voting and exchange trust
agreement substantially in the form of this Agreement; 

AND WHEREAS the Share Purchase Agreement provides,
inter alia, that certain shareholders of the Parent shall deposit with
the Voting Trustee 20,000,000 Parent Common Shares held by the Depositing
Shareholders (such shares and any other shares in respect of which share
certificates are deposited with the Voting Trustee pursuant to the provisions of
this Agreement being collectively hereafter referred to as the “Deposited
Shares”); 

- 3 - 

NOW THEREFORE in consideration of the respective
covenants and agreement provided in this Agreement and for other valuable
consideration (the receipt and sufficiency of which are acknowledged), the
parties agree as follows. 

ARTICLE 1 - DEFINITIONS AND INTERPRETATION 

	1.1 	
      Definitions

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

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

“Agreement” means this Voting and
Exchange Trust Agreement and any amendments, supplements or addendums hereto;

“Authorized Person” has the meaning
ascribed thereto in section 5.15; 

“Automatic Exchange Rights”
  means the benefit of the obligation of the Parent to effect the automatic exchange
  of Parent Common Shares for Exchangeable Shares pursuant to section 5.13;

“Board of Directors” means the Board of
Directors of Exchangeco; 

“Business Day” means any day on which
commercial banks are open for business in New York, New York, and Montreal,
Quebec, other than a Saturday, a Sunday or a day observed as a holiday in
Montreal, Quebec under the laws of the province of Quebec or the federal laws of
Canada or in New York, New York under the laws of the State of New York or the
federal laws of the United States of America; 

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

- 4 - 

“Current Market Value” shall have the
meaning attributed to such term in the Exchangeable Share Provisions; 

“Deposited Shares” has the meaning
attributed thereto in the preamble hereof; 

“Exchangeable Share Provisions” means
the rights, privileges, restrictions and conditions attached to the Exchangeable
Shares in its Articles of Incorporation; 

“Exchangeable Shares” means the
non-voting exchangeable shares in the capital of Exchangeco; 

“Insolvency Event” means the
institution by Exchangeco of any proceeding to be adjudicated a bankrupt or
insolvent or to be wound up, or the consent of Exchangeco to the institution of
bankruptcy, insolvency or winding-up proceedings against it, or the filing of a
petition, answer or consent seeking dissolution or winding-up under any
bankruptcy, insolvency or analogous laws, including without limitation the
Companies Creditor’s Arrangement Act (Canada) and the Bankruptcy and
Insolvency Act (Canada), and the failure by Exchangeco to contest in good
faith any such proceedings commenced in respect of Exchangeco within 30 days of
becoming aware thereof, or the consent by Exchangeco to the filing of any such
petition or to the appointment of a receiver, or the making by Exchangeco of a
general assignment for the benefit of creditors, or the admission in writing by
Exchangeco of its inability to pay its debts generally as they become due; 

“Insolvency Exchange Right” has the
meaning ascribed thereto in Section 5.1; 

“Liquidation Call Right” has
  the meaning ascribed thereto in the Exchangeable Share Provisions;

“Notice Event” has the meaning ascribed
thereto in section 8.17; 

“Officer’s Certificate” means, with
respect to the Parent or Exchangeco, as the case may be, a certificate signed by
any officer of the Parent or Exchangeco, as the case may be; 

“Parent Affiliates” means Affiliates of
the Parent; 

“Parent Common Share” means the share
of common stock, par value U.S. $0.00001, in the capital stock of the Parent;

“Parent Consent” has the meaning
ascribed thereto in section 4.2; 

“Parent Meeting” has the meaning
ascribed thereto in section 4.2;

- 5 - 

		
      “Parent Successor” has the meaning ascribed thereto in
      section 12.1(a);

	 	 
		
      “Person” includes any individual, partnership,
      corporation, company, unincorporated syndicate or organization, trust,
      trustee, executor, administrator and other legal representative;

	 	 
		
      “Redemption Call Right” has the meaning ascribed thereto
      in the Exchangeable Share Provisions;

	 	 
		
      “Retracted Shares” has the meaning ascribed thereto in
      section 5.7;

	 	 
		
      “Retraction Call Right” has the meaning ascribed thereto
      in the Exchangeable Share Provisions;

	 	 
		
      “Share Purchase Agreement” has the meaning attributed
      thereto in the preamble hereof;

	 	 
		
      “Support Agreement” means that certain Exchangeable
      Support Agreement made as of even date herewith between Exchangeco, the
      Voting Trust Beneficiaries, the Parent and the Voting Trustee;

	 	 
		
      “Trust Estate” means the Deposited Shares, any other
      securities, the Exchange Right, the Automatic Exchange Rights and any
      money or other property which may be held by the Voting Trustee from time
      to time pursuant to this Agreement;

	 	 
		
      “Voting Trust” means the trust created by this
      Agreement;

	 	 
		
      “Voting Trust Beneficiaries” means the registered holders
      from time to time of Exchangeable Shares, other than the Parent and its
      Affiliates, and “Voting Trust Beneficiary” means one of the Voting Trust
      Beneficiaries;

	 	 
		
      “Voting Trust Beneficiary Votes” has the meaning ascribed
      thereto in section 4.2;

	 	 
		
      “Voting Trustee” means Equity Transfer & Trust
      Company and, subject to the provisions of ARTICLE 11, includes any
      successor trustee; and

	 	 
		
      “Voting Rights” means the voting rights attached to the
      Deposited Shares.

	 	 
	1.2 	
      Interpretation Not Affected by Headings,
    etc.

	 	 
		
      The division of this Agreement into Articles, sections
      and other portions and the insertion of headings are for convenience of
      reference only and shall not affect the construction or interpretation of
      this Agreement. Unless otherwise indicated, all references to an “Article”
      or “section” followed by a number and/or a letter refer to the specified
      Article or section of this agreement. The terms “this
  trust

- 6 - 

		
      agreement”, “hereof”, “herein” and “hereunder” and
      similar expressions refer to this Agreement and not to any particular
      Article, section or other portion hereof and include any agreement or
      instrument supplementary or ancillary hereto. 

	  	
       

	1.3 	
      Number, Gender, etc. 

	  	
       

		
      Words importing the singular number only shall include
      the plural and vice versa. Words importing any gender shall include
      all genders. 

	  	
       

	1.4 	
      Date for any Action 

	  	
       

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

ARTICLE 2 – PURPOSE OF AGREEMENT 

	2.1 	
      Establishment of Voting Trust

	 	 
		
      The purpose of this Agreement is to create the Voting
      Trust for the benefit of the Voting Trust Beneficiaries, as herein
      provided. The Voting Trustee will hold the Deposited Shares to enable the
      Voting Trustee to exercise the Voting Rights, hold the Insolvency Exchange
      Right and Automatic Exchange Rights and enable the Voting Trustee to
      exercise such rights, in each case as trustee for and on behalf of the
      Voting Trust Beneficiaries as provided in this
Agreement.

ARTICLE 3 – DEPOSIT OF TRUST SHARES 

	3.1 	
      Deposit of Share Certificates

	 	 
		
      The Depositing Shareholders have deposited or shall
      deposit concurrently herewith with the Voting Trustee certificates
      registered to them representing the Deposited Shares. All certificates
      representing Deposited Shares (“Deposited Share Certificates”) shall be
      registered in the name of the Voting Trustee, and this Agreement shall be
      the equivalent of voting trust certificates for the Depositing
      Shareholders and shall evidence their beneficial title to their respective
      Deposited Shares.

	 	 
		
      The Voting Trustee shall issue a receipt for the
      Deposited Shares and shall issue its receipt for any additional shares
      deposited by the Depositing Shareholders. Any consolidations,
      sub-divisions or stock dividends affecting or accruing to the Deposited
      Shares shall be governed by the provisions of this Agreement, and
      certificates representing the appropriate number of shares shall be
      deposited by the Depositing Shareholders with the Voting
  Trustee.

- 7 - 

		
      The Voting Trustee shall retain possession of the
      Deposited Share Certificates and documentation on behalf of the Depositing
      Shareholders. 

	  	
       

		
      Neither the Depositing Shareholders, nor the Voting
      Trustee nor the ICP Shareholders shall be entitled to receive any dividend
      payments in respect of the Deposited Shares. The Depositing Shareholders
      hereby waive any rights to receive any dividends in respect of the
      Deposited Shares. 

	  	
       

		
      The Depositing Shareholder shall not, during the term of
      the present Agreement, sell, transfer, assign, pledge, hypothecate or
      otherwise encumber any of the Deposited Shares to, or in favour of, a
      third party. 

	  	
       

	3.2 	
      Legended Share Certificates 

	  	
       

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

ARTICLE 4– EXERCISE OF VOTING RIGHTS 

	4.1 	
      Voting Rights

	 	 
		
      The Voting Trustee, as the holder of record of the
      Deposited Shares, shall be entitled to all of the Voting Rights, including
      the right to vote in person or by proxy the Deposited Shares on any
      matters, questions, proposals or propositions whatsoever that may properly
      come before the Voting Trust Beneficiaries of the Parent at a Parent
      Meeting or in connection with a Parent Consent. The Voting Rights shall be
      and remain vested in and exercised by the Voting Trustee. Subject to
      section 8.15:

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

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

- 8 - 

	4.2 	
      Number of Votes

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

	 	 
	4.3 	
      Safekeeping of Certificates

	 	 
		
      The certificates representing the Deposited Shares shall
      at all times be held in safekeeping by the Voting Trustee or its
    agent.

	 	 
	4.4 	
      Mailings to Voting Trust Beneficiaries of Exchangeable
      Shares

	 	 
		
      With respect to each Parent Meeting and Parent Consent,
      the Parent will mail or cause to be mailed (or otherwise communicate in
      the same manner as the Parent utilizes in communications to holders of
      Parent Common Shares) to each of the Voting Trust Beneficiaries named in
      the List (as defined below) on the same day as the initial mailing or
      notice (or other communication) with respect thereto is commenced by the
      Parent to its stockholders:

	 	(a) 	
      a copy of such notice, together with any proxy or
      information statement and related materials to be provided to stockholders
      of the Parent;

	 	 	 	 
	 	(b) 	
      a statement that such Voting Trust Beneficiary is
      entitled to instruct the Voting Trustee as to the exercise of the Voting
      Trust Beneficiary Votes with respect to such Parent Meeting or Parent
      Consent, as the case may be, or pursuant to Section 4.9, to attend
      such Parent Meeting and to exercise personally the Voting Trust
      Beneficiary Votes thereat as the proxy of the Voting Trustee;

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

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

- 9 - 

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

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

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

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

		
      For the purpose of determining Voting Trust Beneficiary
      Votes to which a Voting Trust Beneficiary is entitled in respect of any
      Parent Meeting or Parent Consent, the number of Exchangeable Shares owned
      of record by the Voting Trust Beneficiary shall be determined at the close
      of business on the record date established by the Parent or by applicable
      law for purposes of determining stockholders entitled to vote at such
      Parent Meeting or to give written consent in connection with such Parent
      Consent. 

	  	
       

	4.5 	
      Copies of Stockholder Information 

	  	
       

		
      The Parent will deliver to the Voting Trust Beneficiaries
      copies of all proxy materials (including notices of Parent Meetings),
      information statements, reports (including without limitation all interim
      and annual financial statements) and other written communications that are
      to be distributed from time to time to holders of Parent Common Shares.
      

	  	
       

	4.6 	
      Other Materials 

	  	
       

		
      Immediately after receipt by the Parent of any material
      sent or given generally to the holders of Parent Common Shares by or on
      behalf of a third party, including, without limitation, dissident proxy
      and information circulars (and related information and material) and
      tender and exchange offer circulars (and related information and
      material), the Parent shall use its best efforts to obtain and deliver
      copies thereof to each Voting Trust Beneficiary as soon as possible
      thereafter. 

- 10 - 

	4.7 	List of Persons Entitled to
      Vote 
	  	  
		
      Exchangeco shall (a) prior to each annual, general and
      special Parent Meeting or the seeking of any Parent Consent and (b)
      forthwith upon each request made at any time by the Voting Trustee or the
      Parent in writing, prepare or cause to be prepared a list (a “List”) of
      the names and addresses of the Voting Trust Beneficiaries arranged in
      alphabetical order and showing the number of Exchangeable Shares held of
      record by each such Voting Trust Beneficiary, in each case at the close of
      business on the date specified by the Voting Trustee or the Parent in such
      request or, in the case of a List prepared in connection with a Parent
      Meeting or a Parent Consent, at the close of business on the record date
      established by the Parent or pursuant to applicable law for determining
      the holders of Parent Common Shares entitled to receive notice of and/or
      to vote at such Parent Meeting or to give consent in connection with such
      Parent Consent. Each such List shall be delivered to the Voting Trustee or
      the Parent promptly after receipt by Exchangeco of such request or the
      record date for such meeting or seeking of consent, as the case may be,
      and in any event within sufficient time as to enable the Parent to perform
      its obligations under this Agreement. The Parent agrees to give Exchangeco
      written notice (with a copy to the Voting Trustee) of the calling of any
      Parent Meeting or the seeking of any Parent Consent, together with the
      record dates therefore, sufficiently prior to the date of the calling of
      such meeting or seeking of such consent so as to enable Exchangeco to
      perform its obligations under this Section 4.7. 

	  	
       

	4.8 	
      Entitlement to Direct Votes 

	  	
       

		
      Any Voting Trust Beneficiary named in a List prepared in
      connection with any Parent Meeting or Parent Consent will be entitled (a)
      to instruct the Voting Trustee in the manner described in Section 4.4 with
      respect to the exercise of the Voting Trust Beneficiary Votes to which
      such Voting Trust Beneficiary is entitled or (b) to attend such meeting
      and personally exercise thereat, as the proxy of the Voting Trustee, the
      Voting Trust Beneficiary Votes to which such Voting Trust Beneficiary is
      entitled. 

	  	  
	4.9 	Voting by Voting Trustee, and
      Attendance of Voting Trustee Representative at
      Meeting 

	 	(a) 	
      In connection with each Parent Meeting and Parent
      Consent, the Voting Trustee shall exercise, either in person or by proxy,
      in accordance with the instructions received from a Voting Trust
      Beneficiary pursuant to Section 4.4, the Voting Trust Beneficiary Votes as
      to which such Voting Trust Beneficiary is entitled to direct the vote (or
      any lesser number thereof as may be set forth in the instructions);
      provided, however, that

- 11 - 

	 		
      such written instructions are received by the Voting
      Trustee from the Voting Trust Beneficiary prior to the time and date fixed
      by the Voting Trustee for receipt of such instructions in the notice given
      by the Parent to the Voting Trust Beneficiary pursuant to Section
    4.4;

	 	 	 
	 	(b) 	
      The Voting Trustee shall cause a representative who is
      empowered by it to sign and deliver, on behalf of the Voting Trustee,
      proxies for Voting Rights to attend each Parent Meeting. Upon submission
      by a Voting Trust Beneficiary (or its designee) of identification
      satisfactory to the Voting Trustee’s representative, and at the Voting
      Trust Beneficiary’s request, such representative shall sign and deliver to
      such Voting Trust Beneficiary (or its designee) a proxy to exercise
      personally the Voting Trust Beneficiary Votes as to which such Voting
      Trust Beneficiary is otherwise entitled hereunder to direct the vote, if
      such Voting Trust Beneficiary either (i) has not previously given the
      Voting Trustee instructions pursuant to Section 4.5 in respect of such
      meeting or (ii) submits to such representative written revocation of any
      such previous instructions. At such meeting, the Voting Trust Beneficiary
      exercising such Voting Trust Beneficiary Votes shall have the same rights
      as the Voting Trustee to speak at the meeting in favour of any matter,
      question, proposal or proposition, to vote by way of ballot at the meeting
      in respect of any matter, question, proposal or proposition, and to vote
      at such meeting by way of a show of hands in respect of any matter
      question or proposition.

	4.10 	Distribution of Written
      Materials 
	 	
       

		
      Any written materials to be distributed by the Parent to
      the Voting Trust Beneficiaries pursuant to this Agreement shall be
      delivered or sent by mail (or otherwise communicated in the same manner as
      the Parent utilizes in communications to holders of Parent Common Shares)
      to each Voting Trust Beneficiary at its address as shown on the books of
      Exchangeco. Exchangeco shall provide or cause to be provided to the Parent
      for this purpose, on a timely basis, and without charge or other expense a
      current List of the Voting Trust Beneficiaries. 

	 	
       

	4.11 	
      Termination of Voting Rights 

	 	
       

		
      All of the rights of a Voting Trust Beneficiary with
      respect to the Voting Trust Beneficiary Votes exercisable in respect of
      the Exchangeable Shares held by such Voting Trust Beneficiary, including
      the right to instruct the Voting Trustee as to the voting of or to vote
      personally, such Voting Trust Beneficiary Votes, shall be deemed to be
      surrendered by the Voting Trust Beneficiary and such Voting Trust
      Beneficiary Votes and the Voting Rights represented thereby shall cease
      

- 12 - 

immediately upon the delivery by such
holder to the Voting Trustee of the certificates representing such Exchangeable
Shares in connection with the exercise by the Voting Trust Beneficiary of the
Exchange Right or the occurrence of the automatic exchange of Exchangeable
Shares for Parent Common Shares, as specified in ARTICLE 5 (unless, in either
case, the Parent shall not have delivered the requisite Parent Common Shares
issuable in exchange therefore to the Voting Trustee for delivery to the Voting
Trust Beneficiaries), or upon the redemption of Exchangeable Shares pursuant to
sections III 5 or III 6 of the Exchangeable Share Provisions, or upon the
effective date of the liquidation, dissolution or winding-up of Exchangeco
pursuant to section III 2 of the Exchangeable Share Provisions. 

ARTICLE 5 – INSOLVENCY EXCHANGE RIGHT AND AUTOMATIC
EXCHANGE 

	5.1 	
      Grant and Ownership of the Insolvency Exchange
      Right

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

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

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

- 13 - 

which the Voting Trust is created
pursuant to this Agreement and shall not assign or transfer such rights except
to a successor trustee hereunder. 

	5.2 	
      Legended Share Certificates

	 	 	 
		
      Exchangeco will cause each certificate representing
      Exchangeable Shares to bear appropriate legends notifying the Voting Trust
      Beneficiaries of:

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

	 	 	 
		(b) 	
      the Automatic Exchange
Rights.

	5.3 	
      General Exercise of Insolvency Exchange
    Right

	 	 
		
      The Insolvency Exchange Right and the Automatic Exchange
      Rights shall be and remain vested in and exercisable by the Voting
      Trustee. Subject to section 8.15, the Voting Trustee shall exercise the
      Insolvency Exchange Right only on the basis of instructions received
      pursuant to this ARTICLE 5 from Voting Trust Beneficiaries entitled to
      instruct the Voting Trustee as to the exercise thereof. To the extent that
      no instructions are received from a Voting Trust Beneficiary with respect
      to the Insolvency Exchange Right, the Voting Trustee shall not exercise or
      permit the exercise of the Insolvency Exchange Right.

	 	 
	5.4 	
      Purchase Price.

	 	 
		
      The purchase price payable by the Parent for each
      Exchangeable Share to be purchased by the Parent under the Insolvency
      Exchange Right shall be an amount per share equal to (a) the Current
      Market Price of a Parent Common Share on the last Business Day prior to
      the day of closing of the purchase and sale of such Exchangeable Share
      under the Insolvency Exchange Right, which shall be satisfied in full by
      the Parent causing to be sent to such holder one Parent Common Share, plus
      (b) to the extent not paid by Exchangeco, an additional amount equivalent
      to the full amount of all declared and unpaid dividends on each such
      Exchangeable Share held by such holder on any dividend record date which
      occurred prior to the closing of the purchase and sale. In connection with
      each exercise of the Insolvency Exchange Right, the Parent will provide to
      the Voting Trustee, as trustee for and on behalf of the Voting Trust
      Beneficiaries, an Officer’s Certificate setting forth the calculation of
      the purchase price for each Exchangeable Share. The purchase price for
      each such Exchangeable Share to purchased may be satisfied only by the
      Parent issuing and delivering or causing to be delivered to the Voting
      Trustee, on behalf of the relevant Voting Trust Beneficiary, one Parent
      Common Share and on the

- 14 -

applicable payment date a cheque for
the balance, if any, of the purchase price without interest (but less any
amounts withheld pursuant to section 5.14. 

	5.5 	
      Exercise Instructions

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

	 	 
	5.6 	
      Delivery of Parent Common Shares; Effect of
      Exercise

- 15 - 

Promptly after receipt of the
certificates representing the Exchangeable Shares which the Voting Trust
Beneficiary desires the Parent to purchase under the Insolvency Exchange Right,
together with such documents and instruments of transfer and a duly completed
form of notice of exercise of the Insolvency Exchange Right (and payment of
taxes, if any, payable as contemplated by section 5.8 or evidence thereof), duly
endorsed for transfer to the Parent, the Voting Trustee shall notify the Parent
and Exchangeco of its receipt of the same, which notice to the Parent and
Exchangeco shall constitute exercise of the Insolvency Exchange Right by the
Voting Trustee on behalf of the holder of such Exchangeable Shares, and the
Parent shall promptly thereafter deliver or cause to be delivered to the Voting
Trustee, for delivery to the Voting Trust Beneficiary of such Exchangeable
Shares (or to such other persons, if any, properly designated by such Voting
Trust Beneficiary) the number of Parent Common Shares issuable in connection
with the exercise of the Insolvency Exchange Right, and on the applicable
payment date cheques for the balance, if any, of the total purchase price
therefore without interest (but less any amounts withheld pursuant to section
5.14); provided, however, that no such delivery shall be made unless and until
the Voting Trust Beneficiary requesting the same shall have paid (or provided
evidence satisfactory to the Voting Trustee, Exchangeco and the Parent of the
payment of) the taxes (if any) payable as contemplated by section 5.8 of this
Agreement. Immediately upon the giving of notice by the Voting Trustee to the
Parent and Exchangeco of the exercise of the Insolvency Exchange Right as
provided in this section 5.6, the closing of the transaction of purchase and
sale contemplated by the Insolvency Exchange Right shall be deemed to have
occurred and the holder of such Exchangeable Shares shall be deemed to have
transferred to the Parent all of such holder’s right, title and interest in and
to such Exchangeable Shares and the related interest in the Trust Estate and
shall cease to be a holder of such Exchangeable Shares and shall not be entitled
to exercise any of the rights of a holder in respect thereof, other than the
right to receive the purchase price therefore, unless the purchase price is not
delivered by the Parent to the Voting Trustee within five (5) Business Days of
the date of the giving of such notice by the Voting Trustee, in which case the
rights of the Voting Trust Beneficiary shall remain unaffected until the
purchase price is so delivered by the Parent. Upon delivery by the Parent to the
Voting Trustee of such purchase price, the Voting Trustee shall deliver such
purchase price to such Voting Trust Beneficiary (or to such other person, if
any, properly designated by such Voting Trust Beneficiary). Concurrently with
such Voting Trust Beneficiary ceasing to be a holder of Exchangeable Shares, the
Voting Trust Beneficiary shall be considered and deemed for all purposes to be
the holder of the Parent Common Shares delivered to it pursuant to the
Insolvency Exchange Right. 

	5.7 	
      Exercise of Insolvency Exchange Right Subsequent to
      Retraction

- 16 - 

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

	5.8 	
      Stamp or Other Transfer Taxes

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

- 17 - 

	5.9 	Notice of Insolvency Event
    
	  	  
		
      As soon as practicable following the occurrence of an
      Insolvency Event or any event that with the giving of notice or the
      passage of time or both would be an Insolvency Event, Exchangeco and the
      Parent shall give written notice thereof to the Voting Trustee. As soon as
      practicable following the receipt of notice from Exchangeco and the Parent
      of the occurrence of an Insolvency Event, or upon the Voting Trustee
      becoming aware of an Insolvency Event, the Voting Trustee will mail to
      each Voting Trust Beneficiary, at the expense of the Parent, a notice of
      such Insolvency Event, which notice shall contain a brief statement of the
      rights of the Voting Trust Beneficiaries with respect to the Insolvency
      Exchange Right, as provided for in ARTICLE 5 of this Agreement. 

	  	
       

	5.10 	
      Qualification of Parent Common Shares
      

	  	
       

		
      The Parent represents and warrants that it has taken all
      actions and done all things as are necessary under any United States or
      Canadian federal, provincial or state law or regulation or pursuant to the
      rules and regulations of any regulatory authority or the fulfillment of
      any other legal requirement (collectively, the “Applicable Laws”) as they
      exist on the date hereof and will in good faith expeditiously take all
      such actions to do all such things as are necessary under Applicable Laws
      as they may exist in the future to cause the Parent Common Shares to be
      issued and delivered, or transferred and delivered as the case may be,
      pursuant to the Exchangeable Share Provisions, the Insolvency Exchange
      Right or the Automatic Exchange Rights. 

	  	
       

	5.11 	
      Refusal to Issue Parent Common Shares
      

	  	
       

		
      Notwithstanding any of the provisions of this Agreement,
      the Parent will refuse to issue any Parent Common Shares to holders of
      Exchangeable Shares not made in accordance with the provisions of
      Regulation S of the Securities Act of 1933 or pursuant to
      registrations under the Securities Act of 1933, an applicable
      exemption from registration, an applicable exemption under Canadian
      securities laws or this Agreement. 

	  	
       

	5.12 	
      Parent Common Shares 

	  	
       

		
      The Parent hereby represents and warrants that it has
      irrevocably reserved for issuance such number of Parent Common Shares as
      is equal to the number of Exchangeable Shares outstanding at the date
      hereof and covenants that it will at all times keep available free from
      pre-emptive and other rights, such number of Parent Common Shares (or
      other shares or securities into which Parent Common Shares may be
      reclassified or changed) as is necessary to enable the

- 18 - 

Parent and Exchangeco to perform their
respective obligations pursuant to this Agreement, the Exchangeable Share
Provisions and the Support Agreement. 

	5.13 	
      Automatic Exchange on Liquidation of the
    Parent

	 	 	 	 
		(a) 	
      The Parent will give the Voting Trustee notice of each of
      the following events at the time set forth below:

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

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

	 	 	 	 
		(b) 	
      As soon as is practicable following receipt by the Voting
      Trustee from the Parent of notice of any event (a “Liquidation Event”)
      contemplated by section 5.13(a)(i) or (ii) above, the Voting Trustee, at
      the expense of the Parent, will give notice thereof to the Voting Trust
      Beneficiaries. Such notice shall include a brief description of the
      automatic exchange of Exchangeable Shares for Parent Common Shares
      provided for in section 5.13(c);

	 	 	 	 
		(c) 	
      In order that the Voting Trust Beneficiaries will be able
      to participate on a pro rata basis with the holders of Parent
      Common Shares in the distribution of assets of the Parent in connection
      with a Liquidation Event, on the fifth (5th ) Business Day
      prior to the effective date (the “Liquidation Event Effective Date”) of a
      Liquidation Event all of the then outstanding Exchangeable Shares shall be
      automatically exchanged for Parent Common Shares. To effect such automatic
      exchange, the Parent shall purchase on the fifth (5th )
      Business Day prior to the Liquidation Event Effective Date each
      Exchangeable Share then outstanding and held
by

- 19 - 

	 		
      Voting Trust Beneficiaries, and each Voting Trust
      Beneficiary shall sell the Exchangeable Shares held by it at such time,
      for a purchase price per share equal to (a) the Current Market Price of a
      Parent Common Share on the fifth (5th ) Business Day prior to
      the Liquidation Event Effective Date, which shall be satisfied in full by
      the Parent issuing to the Voting Trust Beneficiary one Parent Common
      Share, and (b) to the extent not paid by Exchangeco, an additional amount
      equivalent to the full amount of all declared and unpaid dividends on each
      such Exchangeable Share held by such holder on any dividend record date
      which occurred prior to the date of the exchange;

	 	 	 
	 	(d) 	
      On the fifth (5th ) Business Day prior to the
      Liquidation Event Effective Date, the closing of the transaction of
      purchase and sale contemplated by the automatic exchange of Exchangeable
      Shares for Parent Common Shares shall be deemed to have occurred, and each
      Voting Trust Beneficiary shall be deemed to have transferred to the Parent
      all of the Voting Trust Beneficiary’s right, title and interest in and to
      such Voting Trust Beneficiary’s Exchangeable Shares and the related
      interest in the Trust Estate and shall cease to be a holder of such
      Exchangeable Shares and the Parent shall issue to the Voting Trust
      Beneficiary the Parent Common Shares issuable upon the automatic exchange
      of Exchangeable Shares for Parent Common Shares and on the applicable
      payment date shall deliver to the Voting Trustee for delivery to the
      Voting Trust Beneficiary a cheque for the balance, if any, of the total
      purchase price for such Exchangeable Shares without interest but less any
      amounts withheld pursuant to section 5.14. Concurrently with such Voting
      Trust Beneficiary ceasing to be a holder of Exchangeable Shares, the
      Voting Trust Beneficiary shall be considered and deemed for all purposes
      to be the holder of the Parent Common Shares issued pursuant to the
      automatic exchange of Exchangeable Shares for Parent Common Shares and the
      certificates held by the Voting Trust Beneficiary previously representing
      the Exchangeable Shares exchanged by the Voting Trust Beneficiary with the
      Parent pursuant to such automatic exchange shall thereafter be deemed to
      represent Parent Common Shares issued to the Voting Trust Beneficiary by
      the Parent pursuant to such automatic exchange. Upon the request of a
      Voting Trust Beneficiary and the surrender by the Voting Trust Beneficiary
      of Exchangeable Share certificates deemed to represent Parent Common
      Shares, duly endorsed in blank and accompanied by such instruments of
      transfer as the Parent may reasonably require, the Parent shall deliver or
      cause to be delivered to the Voting Trust Beneficiary certificates
      representing Parent Common Shares of which the Voting Trust Beneficiary is
      the holder.

- 20 - 

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

	 	
       

	5.15 	
      Incumbency Certificate 

	 	
       

		
      Each of the Parent and Exchangeco shall file with the
      Voting Trustee a certificate of incumbency setting forth the names of the
      individuals authorized to give instructions, directions or other
      instruments to the Voting Trustee (each an “Authorized Person”), together
      with specimen signatures of such persons, and the Voting Trustee shall be
      entitled to rely on the latest certificate of incumbency filed with it
      unless it receives notice, in accordance with section 15.3 of this
  

- 21 - 

Agreement, of a change in Authorized
Persons with updated specimen signatures. 

ARTICLE 6 – DIVIDENDS 

	6.1 	
      Participation in Dividends

	 	 
		
      The holders of Exchangeable Shares will be entitled to
      participate in all dividends declared by Exchangeco, in accordance with
      the provisions of the Exchangeable Share Provisions and the Support
      Agreement.

	 	 
	6.2 	
      Additional Rights

	 	 
		
      For clarity, the Voting Rights and Exchange Rights
      granted by the Parent hereunder to the Voting Trustee, as trustee for and
      on behalf of, and for the use and benefit of, the Voting Trust
      Beneficiaries do not in any manner confer any additional rights to the
      Voting Trustee or the Voting Trust Beneficiaries, including, but subject
      to the provisions of the Support Agreement, any rights to receive or
      participate in dividends declared or paid by the
Parent.

ARTICLE 7 – SUPPORT PROVISIONS 

	7.1 	Application of Deposited
      Shares 
	 	  
		
      At such time as either Exchangeco or the Parent acquires
      Exchangeable Shares from a Voting Trust Beneficiary, it shall provide the
      Voting Trustee with an Officer’s Certificate specifying: (i) the former
      Voting Trust Beneficiary; (ii) the number of Exchangeable Shares acquired;
      (iii) the form of the acquisition, designated by the provision of the
      applicable agreement (Exchangeable Share Provisions, Support Agreement or
      this Agreement); and (iv) the date of such acquisition. If such
      certification is made, the Voting Trustee shall deliver to the Parent a
      number of Deposited Shares equal to the number of Exchangeable Shares so
      acquired by the Parent, and the Parent shall forthwith cancel such
      Deposited Shares in accordance with the provisions of the Share Purchase
      Agreement. The Voting Trustee shall forward the share certificates to the
      Parent’s transfer agent, namely Select Fidelity Transfer Services Ltd. or
      such replacement transfer agent as the Parent may direct. for the purpose
      of dividing same into certificates for the appropriate number of shares to
      be retained by the Voting Trustee or to be remitted to the Parent in
      accordance with the foregoing. 

ARTICLE 8 – CONCERNING THE TRUSTEE 

	8.1 	
      Powers and Duties of the Voting
  Trustee

- 22 - 

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

	 	(a) 	
      receipt and deposit of the Deposited Shares from the
      Parent as Voting Trustee for and on behalf of the Voting Trust
      Beneficiaries in accordance with the provisions of this
  Agreement;

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

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

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

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

	 	 	 
	 	(f) 	
      holding title to the Trust Estate;

	 	 	 
	 	(g) 	
      investing any moneys forming from time to time, a part of
      the Trust Estate as provided in this Agreement;

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

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

In the exercise of such rights, powers,
duties and authorities the Voting Trustee shall have (and is granted) such
incidental and additional rights, powers, duties and authority not in conflict
with any of the provisions of this Agreement as the Voting Trustee, acting in
good faith and in the reasonable exercise of its discretion, may deem necessary,
appropriate or desirable to effect the purpose of the Voting Trust. Any exercise
of such discretionary rights, powers, duties and 

- 23 - 

		
      authorities by the Voting Trustee shall be final,
      conclusive and binding upon all persons. 

	  	
       

		
      The duties and obligations of the Voting Trustee shall be
      determined solely by the provisions hereof and, accordingly, the Voting
      Trustee shall only be responsible for the performance of such duties and
      obligations as it has undertaken herein. The Voting Trustee shall retain
      the right not to act and shall not be held liable for refusing to act
      unless it has received clear and reasonable documentation which complies
      with the terms of this Agreement. Such documentation must not require
      exercise of any discretion or independent judgment on the part of the
      Voting Trustee. 

	  	
       

		
      The Voting Trustee in exercising its rights, powers,
      duties and authorities hereunder shall act honestly and in good faith and
      with a view to the best interests of the Voting Trust Beneficiaries and
      shall exercise in comparable circumstances such care as a reasonably
      prudent trustee would under similar circumstances. 

	  	
       

	8.2 	
      No Conflict of Interest 

	  	
       

		
      The Voting Trustee represents to the Parent and
      Exchangeco that at the date of execution and delivery of this Agreement
      there exists no material conflict of interest in the role of the Voting
      Trustee as a fiduciary hereunder and the role of the Voting Trustee in any
      other capacity. The Voting Trustee shall, within ninety (90) days after it
      becomes aware that such material conflict of interest exists, either
      eliminate such material conflict of interest or resign in the manner and
      with the effect specified in ARTICLE 11. If, notwithstanding the foregoing
      provisions of this section 8.2, the Voting Trustee has such a material
      conflict of interest, the validity and enforceability of this Agreement
      shall not be affected in any manner whatsoever by reason only of the
      existence of such material conflict of interest. If the Voting Trustee
      contravenes the foregoing provisions of this section 8.2, any interested
      party may apply to the Superior Court of Quebec for an order that the
      Voting Trustee be replaced as Voting Trustee hereunder. 

	  	
       

	8.3 	
      Dealings with Transfer Agents, Registrars, etc.
      

	  	
       

		
      The Parent and Exchangeco irrevocably authorize the
      Voting Trustee, from time to time, to: 

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

- 24 - 

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

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

	  	
       

	8.4 	
      Books and Records 

	  	
       

		
      The Voting Trustees shall keep available for inspection
      by the Parent and Exchangeco at the Voting Trustee’s principal corporate
      trust office in Toronto, Ontario correct and complete books and records of
      account relating to the Voting Trust created by this Agreement, including
      without limitation, all relevant data relating to mailings and
      instructions to and from Voting Trust Beneficiaries and all transactions
      pursuant to the Exchange Right and the Automatic Exchange Rights. On or
      before December 31, 2006, and on or before December 31 in every year
      thereafter, so long as the Deposited Shares are on deposit with the Voting
      Trustee, the Voting Trustee shall transmit to the Parent and Exchangeco a
      brief report, dated as of the preceding month-end, with respect to:
  

	 	(a) 	
      the property and funds comprising the Trust Estate as of
      that date;

	 	 	 
	 	(b) 	
      the number of exercises of the Exchange Right, if any,
      and the aggregate number of Exchangeable Shares received by the Voting
      Trustee on behalf of Voting Trust Beneficiaries in consideration of the
      issuance by the Parent of Parent Common Shares in connection with the
      Exchange Right, during the calendar year ended on such date; and

	 	 	 
	 	(c) 	
      any action taken by the Voting Trustee in the performance
      of its duties under this Agreement which it had not previously reported
      and which, in the Voting Trustee’s opinion, materially affects the Trust
      Estate.

	8.5 	
      Returns and Reports

	 	 
		
      The Voting Trustee shall, to the extent necessary,
      prepare and file on behalf of the Voting Trust appropriate United States
      and Canadian returns and any other returns or reports as may be required
      by applicable law, including, without

- 25 - 

		
      limitation, all returns required under the United States
      Internal Revenue Code of 1986 and the Income Tax Act (Canada), or
      pursuant to the rules and regulations of any securities exchange or other
      trading system through which the Exchangeable Shares are traded, as may be
      directed by the Parent, and, in connection therewith, the Voting Trustee
      may obtain the advice and assistance of accountants, legal counsel or
      other experts as the Voting Trustee may consider necessary or desirable,
      and may add the costs of same to its fees and expenses as determined in
      section 9.1 of this Agreement. If requested by the Voting Trustee, the
      Parent shall retain such experts for purposes of providing such advice and
      assistance. 

	  	
       

	8.6 	
      Indemnification Prior to Certain Actions by Voting
      Trustee 

	  	
       

		
      The Voting Trustee shall exercise any or all of the
      rights, duties, powers or authorities vested in it by this Agreement at
      the request, order or direction of any Voting Trust Beneficiary upon such
      Voting Trust Beneficiary furnishing to the Voting Trustee reasonable
      security or indemnity, to its reasonable satisfaction, against the costs,
      expenses and liabilities which may be incurred by the Voting Trustee
      therein or thereby, provided that no Voting Trust Beneficiary shall be
      obligated to furnish to the Voting Trustee any such security or indemnity
      in connection with the exercise by the Voting Trustee of any of its
      rights, duties, powers and authorities with respect to the Deposited
      Shares pursuant to ARTICLE 4, subject to section 8.15 and with respect to
      the Exchange Right pursuant to ARTICLE 5, subject to section 8.15, and
      with respect to the Automatic Exchange Rights pursuant to ARTICLE 5.
    

	  	
       

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

	  	
       

	8.7 	
      Action of Voting Trust Beneficiaries 

	  	
       

		
      The Voting Trust Beneficiaries shall be entitled to take
      proceedings in a court of competent jurisdiction to enforce their legal
      rights hereunder as against Exchangeco and the Parent. 

	  	
       

	8.8 	
      Reliance Upon Declaration 

	  	
       

		
      The Voting Trustee shall not be considered to be in
      contravention of any of its rights, powers, duties and authorities
      hereunder if, when required, it acts and relies in good faith upon
      statutory declarations, certificates, opinions or reports furnished
      pursuant to the provisions hereof or required by the Voting Trustee to be
      furnished to it in the exercise of its rights, powers, duties and
      authorities 

- 26 - 

		
      hereunder if such statutory declarations, certificates,
      opinions or reports comply with the provisions of section 8.9, if
      applicable, and with any other applicable provisions of this Agreement.
      

	  	
       

	8.9 	
      Evidence and Authority to Voting Trustee

	  	
       

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

	 	(a) 	
      such evidence is required by any other section of this
      Agreement to be furnished to the Voting Trustee in accordance with the
      terms of this section 8.9; or

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

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

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

Each statutory declaration, Officer’s
Certificate, opinion or report furnished to the Voting Trustee as evidence of
compliance with a condition provided for in this Agreement shall include a
statement by the person giving the evidence: 

- 27 - 

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

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

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

	8.10 	Experts, Advisers and
      Agents 
	 	 
	 	The Voting Trustee may:
  

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

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

	8.11 	Investment of Moneys held by
      Voting Trustee 
	 	  
		
      Unless otherwise provided in this Agreement, any moneys
      held by or on behalf of the Voting Trustee which under the terms of this
      Agreement may or ought to be invested or which may be on deposit with the
      Voting Trustee or which may be in the hands of the Voting Trustee shall be
      invested and reinvested in the name or under the control of the Voting
      Trustee in securities in which, under the laws of the Province of Ontario,
      trustees are authorized to invest trust moneys, provided that (i) such
      securities are stated to mature within two (2) years after their purchase
      by the Voting Trustee, and (ii) the Voting Trustee is acting at the
      written direction of Exchangeco. Pending the investment of any moneys as
      hereinbefore 

- 28 -

provided, such moneys shall be
deposited in the name of the Voting Trustee in an interest-bearing segregated
trust account or, at the direction of Exchangeco, in the deposit department of
the Voting Trustee’s financial institution at the rate of interest then current
on similar deposits. 

	8.12 	
      Voting Trustee Not Required to Give Security
    

	 	
       

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

	 	
       

	8.13 	
      Voting Trustee Not Bound to Act on Request
  

	 	
       

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

	 	
       

	8.14 	
      Authority to Carry on Business 

	 	
       

		
      The Voting Trustee represents to the Parent and
      Exchangeco that at the date of execution and delivery by it of this
      Agreement it is authorized to carry on the business of a trust company in
      the Province of Ontario but if, notwithstanding the provisions of this
      section 8.14, it ceases to be so authorized to carry on business, the
      validity and enforceability of this Agreement and the Voting Rights, the
      Exchange Right and the Automatic Exchange Rights shall not be affected in
      any manner whatsoever by reason only of such event but the Voting Trustee
      shall, within ninety (90) days after ceasing to be authorized to carry on
      the business of a trust company in the Province of Ontario, either become
      so authorized or resign in the manner and with the effect specified in
      Article 10. 

	 	
       

	8.15 	
      Conflicting Claims 

	 	
       

		
      If conflicting claims or demands are made or asserted
      with respect to any interest of any Voting Trust Beneficiary in any
      Exchangeable Shares, including any disagreement between the heirs,
      representatives, successors or assigns succeeding to all or any part of
      the interest of any Voting Trust Beneficiary in any Exchangeable Shares,
      resulting in conflicting claims or demands being made in connection with
      such interest, then the Voting Trustee shall be entitled, at its sole
      discretion, to refuse to recognize or to comply with any such claims or
      demands. In so refusing, the Voting Trustee may elect not to exercise any
      Voting Rights, 

- 29 - 

Exchange Rights or Automatic Exchange
Rights subject to such conflicting claims or demands and, in so doing, the
Voting Trustee shall not be or become liable to any person on account of such
election or its failure or refusal to comply with any such conflicting claims or
demands. The Voting Trustee shall be entitled to continue to refrain from acting
and to refuse to act until: 

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

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

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

	 	
       

	8.16 	
      Acceptance of Voting Trust 

	 	
       

		
      The Voting Trustee hereby accepts the Voting Trust
      created and provided for by and in this Agreement and agrees to perform
      the same upon the terms and conditions herein set forth and to hold all
      rights, privileges and benefits conferred hereby and by law in trust for
      the various persons who shall from time to time be Voting Trust
      Beneficiaries, subject to all the terms and conditions herein set forth.
      

	 	
       

	8.17 	
      Notice to Voting Trustee 

	 	
       

		
      The Voting Trustee shall not be bound to give any notice
      or do or take any act, action or proceeding by virtue of the powers
      conferred on it hereby unless and until it shall have been required so to
      do under the terms hereof, nor shall the Voting Trustee be required to
      take any action in connection with any prohibition against Exchangeco
      redeeming any Retracted Shares as set out in section 5.7 or of any
      Insolvency Event as set out in section 5.9 or Liquidation Event as set out
      in section 5.13 (collectively, a “Notice Event”), unless and until
      notified in writing of such Notice Event. Such notice shall distinctly
      specify the Notice Event desired to be brought to the attention of the
      Voting Trustee, and in the absence of any such notice the Voting Trustee
      may for all purposes of this Agreement 

- 30 - 

conclusively assume that no such Notice
Event has occurred. Any such notice shall in no way limit any discretion herein
given to the Voting Trustee to determine whether or not the Voting Trustee shall
take action with respect to any Notice Event. 

	8.18 	Merger or Consolidation of
      Voting Trustee 
	 	  
		
      Any corporation into or with which the Voting Trustee may
      be merged or consolidated or amalgamated, or any corporation resulting
      therefrom, or any corporation succeeding to the trust business of the
      Voting Trustee shall be the successor to the Voting Trustee under this
      Agreement without any further act on its part or any of the parties
      hereto, provided that such corporation would be eligible for appointment
      as a successor trustee under the provisions of this Agreement. 

	 	
       

	8.19 	
      Validity of Certificates 

	 	
       

		
      If at any time in the performance of its duties under
      this Agreement, it shall be necessary for the Voting Trustee to receive,
      accept, act or rely upon any certificate, notice, request, waiver,
      consent, receipt, direction, affidavit or other paper, writing or document
      furnished to it and purporting to have been executed or issued by the
      Purchaser, the Parent or the Voting Trust Beneficiary or their authorized
      officers or attorneys, the Voting Trustee shall be entitled to rely and
      act upon the genuineness and authenticity of any such writing submitted to
      it. It shall not be necessary for the Voting Trustee to ascertain whether
      or not the persons who have executed, signed or otherwise issued,
      authenticated or receipted such papers, writings or documents have
      authority to do so or that they are the same persons named therein or
      otherwise to pass upon any requirement of such papers, writing or
      documents that may be essential for their validity or effectiveness or
      upon the truth and acceptability of any information contained therein
      which the Voting Trustee in good faith believes to be genuine.
  

ARTICLE 9 – COMPENSATION 

	9.1 	
      Fees and Expenses of the Voting Trustee

	 	 
		
      The Parent and Exchangeco jointly and severally agree to
      pay the Voting Trustee reasonable compensation for all of the services
      rendered by it under this Agreement and will reimburse the Voting Trustee
      for all reasonable expenses (including taxes other than taxes based on the
      net income of the Voting Trustee) and disbursements, including the cost
      and expense of any suit or litigation of any character and any proceedings
      before any governmental agency reasonably incurred by the Voting Trustee
      in connection with its duties under this Agreement; provided that the
      Parent and Exchangeco shall have no obligation to
  reimburse

- 31 -

the Voting Trustee for any expenses or
disbursements paid, incurred or suffered by the Voting Trustee in any suit or
litigation in which the Voting Trustee is determined to have acted in bad faith
or with gross negligence, recklessness or willful misconduct. Invoices for
services rendered by the Voting Trustee shall be provided to the Parent on
behalf of the Parent and Exchangeco at the addresses set forth in section 15.3
of this Agreement. Any amount owing and unpaid after thirty (30) days from the
invoice date will bear interest at a rate per annum, from the expiration of such
thirty (30) day period, equal to the then current rate charged by the Voting
Trustee and shall be payable on demand. The obligations of the Parent and
Exchangeco under this section 9.1 shall survive the resignation or removal of
the Voting Trustee. 

ARTICLE 10 – INDEMNIFICATION AND LIMITATION OF
LIABILITY 

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

	 	
       

		
      In no case shall the Parent or Exchangeco be liable under
      this indemnity for any claim against any of the Indemnified Parties unless
      the Parent and Exchangeco shall be notified by the Voting Trustee of the
      written assertion of a claim or of any action commenced against the
      Indemnified Parties, promptly after any of the Indemnified Parties shall
      have received any such written assertion of a claim or shall have been
      served with a summons or other first legal process giving information as
      to the nature and basis of the claim. Subject to (ii) below, the Parent
      and Exchangeco shall be entitled to participate at their own expense in
      the defence and, if the Parent and Exchangeco so elect at any time after
      receipt of such notice, either of them may assume the defence of any suit
      brought to enforce any such claim. The Voting Trustee shall have the right
      to employ separate counsel in any such suit and participate in the defence
      thereof but the fees and expenses of such counsel shall be at the expense
      of the Voting Trustee unless: (i) the employment of such counsel has been
      authorized by the Parent or 

- 32 - 

Exchangeco; or (ii) the names parties
to any such suit include both the Voting Trustee and the Parent or Exchangeco
and the Voting Trustee shall have been advised by counsel acceptable to the
Parent or Exchangeco that there may be one or more legal defences available to
the Voting Trustee that are different from or in addition to those available to
the Parent or Exchangeco and that, in the judgment of such counsel, would
present a conflict of interest were a joint representation to be undertaken (in
which case the Parent and Exchangeco shall not have the right to assume the
defence of such suit on behalf of the Voting Trustee but shall be liable to pay
the reasonable fees and expenses of counsel for the Voting Trustee). The
obligations of the Parent and Exchangeco under this section 10.1 shall survive
the resignation or removal of the Voting Trustee. 

	10.2 	Limitation of Liability
  
	 	  
		
      The Voting Trustee shall not be held liable for any loss
      which may occur by reason of depreciation of the value of any part of the
      Trust Estate or any loss incurred on any investment of funds pursuant to
      this Agreement, except to the extent that such loss is attributable to the
      fraud, gross negligence, recklessness, willful misconduct or bad faith on
      the part of the Voting Trustee. 

ARTICLE 11 – CHANGE OF TRUSTEE 

	11.1 	Resignation 
	 	  
		
      The Voting Trustee, or any successor trustee hereafter
      appointed, may at any time resign by giving written notice of such
      resignation to the Parent and Exchangeco specifying the date on which it
      desires to resign, provided that such notice shall not be given less than
      one month before such desired resignation date unless the Parent and
      Exchangeco otherwise agree and provided further that such resignation
      shall not take effect until the date of the appointment of a successor
      trustee and the acceptance of such appointment by the successor trustee.
      Upon receiving such notice of resignation, the Parent and Exchangeco shall
      promptly appoint a successor trustee by written instrument in duplicate,
      one copy of which shall be delivered to the resigning trustee and one copy
      to the successor trustee. Failing acceptance by a successor trustee of
      such appointment, a successor trustee may be appointed by an order of the
      Superior Court of Ontario (District of Toronto) upon application of one or
      more of the parties hereto, at the expense of the Parent and Exchangeco.
      Upon the failure of the parties to appoint a successor trustee or the
      failure of a successor trustee to accept appointment, the resigning
      trustee shall cease its functions at the expiration of the period
      specified in its written notice of resignation and may retain any and all
      property in its possession hereunder on a safekeeping basis, at a
      reasonable fee to be determined by the resigning trustee.
  

- 33 - 

	11.2 	Removal 
	 	
       

		
      The Voting Trustee, or any successor trustee hereafter
      appointed, may (provided a successor trustee is appointed) be removed at
      any time on not less than thirty (30) days’ prior notice by written
      instrument executed by the Parent and Exchangeco, in duplicate, one copy
      of which shall be delivered to the trustee so removed and one copy to the
      successor trustee. 

	 	
       

	11.3 	
      Successor Voting Trustee 

	 	
       

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

	 	
       

	11.4 	
      Notice of Successor Voting Trustee 

	 	
       

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

ARTICLE 12 – PARENT SUCCESSORS 

	12.1 	Certain Requirements in
      Respect of Combination, etc. 
	 	  
		
      The Parent shall not consummate any transaction (whether
      by way of reconstruction, reorganization, consolidation, merger, transfer,
      sale, lease or otherwise) whereby all or substantially all of its
      undertaking, property and assets 

- 34 - 

would become the property of any other
person or, in the case of a merger, of the continuing corporation resulting
therefrom unless, but may do so if: 

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

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

	12.2 	Vesting of Powers in
      Successor 
	 	  
		
      Whenever the conditions of section 12.1 have been duly
      observed and performed, the Voting Trustee and, if required by section
      12.1, the Parent Successor and Exchangeco shall execute and deliver the
      supplemental trust agreement provided for in ARTICLE 13 and thereupon the
      Parent Successor shall possess and from time to time may exercise each and
      every right and power of the Parent under this Agreement in the name of
      the Parent or otherwise and any act or proceeding by any provision of this
      Agreement required to be done or performed by the Board of Directors of
      the Parent or any officers of the Parent may be done and performed with
      like force and effect by the directors or officers of such Parent
      Successor. 

	 	
       

	12.3 	
      Wholly-Owned Subsidiaries 

	 	
       

		
      Nothing herein shall be construed as preventing the
      amalgamation or merger of any wholly-owned direct or indirect subsidiary
      of the Parent with or into the Parent or the winding-up, liquidation or
      dissolution of any wholly-owned subsidiary of the Parent provided that all
      of the assets of such subsidiary are transferred to the Parent or another
      wholly-owned direct or indirect subsidiary of 

- 35 - 

the Parent and any such transactions
are expressly permitted by this ARTICLE 12. 

ARTICLE 13 – AMENDMENTS AND SUPPLEMENTAL VOTING TRUST
AGREEMENT 

	13.1 	Amendments, Modifications,
      etc. 
	 	  
		
      This Agreement may not be amended or modified except by
      an agreement in writing executed by the Parent, Exchangeco and the Voting
      Trustee and approved by the Voting Trust Beneficiaries in accordance with
      paragraph III 7(e) of the Exchangeable Share Provisions. 

	 	
       

	13.2 	
      Meeting to Consider Amendments 

	 	
       

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

	 	
       

	13.3 	
      Changes in Capital of the Parent and Exchangeco
      

	 	
       

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

	 	
       

	13.4 	
      Execution of Supplemental Voting Trust Agreements
      

	 	
       

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

- 36 - 

	 	(a) 	
      evidencing the succession of Parent Successors and the
      covenants of and obligations assumed by each such Parent Successor in
      accordance with the provisions of ARTICLE 12;

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

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

ARTICLE 14 – TERMINATION 

	14.1 	 Term 

	  	 	  

		 The Voting Trust created by this
        Agreement shall continue until the earliest to occur of the following
        events: 

	  	 	  

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

	  	 	  

		(b) 	 each of the Parent and Exchangeco
        elects in writing to terminate the Voting Trust and such termination is
        approved by the Voting Trust Beneficiaries in accordance with paragraph
        III 7(e) of the Exchangeable Share Provisions. 

	  	 	  

	14.2 	 Survival of Agreement
      

	  	 	  

		 This Agreement shall survive
        any termination of the Voting Trust and shall continue until there are
        no Exchangeable Shares outstanding held by a Voting Trust Beneficiary;
        provided, however, that the provisions of ARTICLE 9 and ARTICLE 10 shall
        survive any such termination of this Agreement. 

- 37 - 

ARTICLE 15- GENERAL 

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

	 	
       

	15.2 	
      Enurement 

	 	
       

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

	 	
       

	15.3 	
      Notices to Parties 

	 	
       

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

	if to the Parent: 	Taras Chebountchak 
	  	President 
	  	c/o 110 Jardin Drive 
	  	Suite 13 
	  	Concord, Ontario, Canada 
	  	L4K 2T7 
	  	  
	  	Telecopier: (905) 761-1095

- 38 - 

	if to Exchangeco: 	c/o Witten LLP 
	  	2500 Canadian Western Bank Place 
	  	10,303 Jasper Avenue 
	  	Edmonton, Alberta 
	  	T5J 3N6 
	  	  
	  	Telecopier: ? 
	  	  
	With copy to: 	Spiegel Sohmer Inc. 
	  	5 Place Ville Marie 
	  	Suite 1203 
	  	Montreal, Quebec 
	  	H3B 2G2 
	  	  
	  	Attention: Mr. Robert Raich 
	  	  
	  	Telecopier: (514) 875-8237 
	  	  
	if to the Voting Trustee: 	120 Adelaide Street West 
	  	Suite 420 
	  	Toronto, Ontario 
	  	M5H 4C3 
	  	  
	  	Attention: Corporate Trust Department
  
	  	  
	  	Telecopier: (416) 361-0470 
	  	  
	if to the ICP Shareholders: 	c/o Mr. Sass Peress 
	  	6995 Jeanne-Mance 
	  	Montreal, Quebec 
	  	H3N 1W5 
	  	  
	  	Telecopier: (514) ? 
	  	  
	if to the Depositing Shareholders: 	c/o Taras Chebountchak 
	  	110 Jardin Drive 
	  	Suite 13 
	  	Concord, Ontario, Canada 
	  	L4K 2T7 
	  	  
	  	Telecopier: (905) 761-1095

- 39 - 

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

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

	 	
       

	15.5 	
      Counterparts 

	 	
       

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

	 	
       

	15.6 	
      Jurisdiction 

	 	
       

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

	 	
       

	15.7 	
      Attornment 

	 	
       

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

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

  	FC FINANCIAL SERVICES INC. 	 	 	  
	 	  	 	 	 
	 	  	 	 	 
	Per: 	/s/ Taras Chebountchak 	 	Per: 	/s/ Sass Peress 
	 	“Parent” 	 	 	“Exchangeco” 
	 	  	 	 	 
	 	  	 	 	 
	EQUITY TRANSFER & TRUST COMPANY 	 	 	 
	 	  	 	 	 
	Per: 	/s/ Carol Mikos	 	 	 
	 	  	 	 	 
	 		 	 	 
	Per: 	/s/ Rosa Vieira 	 	 	/s/ Sass Peress 
	 	“Voting Trustee” 	 	 	SASS PERESS 
	 	  	 	 	“Peress” 
	 	  	 	 	 
	 	  	 	 	 
	 	/s/ Joel Cohen 	 	 	/s/ Arlene Ades 
	 	JOEL COHEN 	 	 	ARLENE ADES 
	 	“Cohen” 	 	 	“Ades” 
	 	  	 	 	 
	 	  	 	 	 
	THE SASS PERESS FAMILY TRUST 	 	 	 
	 	  	 	THE PERESS FAMILY TRUST
      
	Per: 	/s/ Sass Peress 	 	Per: 	
	 	  	 	 	/s/ Sass Peress 
	 	“Trust I” 	 	 	“Trust II” 
	 	  	 	 	 
	EASTERN LIQUIDITY PARTNERS LTD. 	 	 	 
		  	 	 	 
	 Per: 	/s/ Sass Peress 	 	 	/s/ Taras Chebountchak 
	 	“Eastern Liquidity” 	 	 	ARAS CHEBOUNTCHAK 
	 	  	 	 	 
	 	  	 	 	 
	 	/s/ Orit Stolyar 	 	 	 
	 	ORIT STOLYAR

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]