Document:

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                                                                   Exhibit 10.31

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                            SHARE PURCHASE AGREEMENT

                                     BETWEEN

                      HCPH CANADIAN NEWSPAPER HOLDINGS CO.

                                       AND

                      GLACIER VENTURES INTERNATIONAL CORP.

                                       AND

                               6490239 CANADA INC.

                                       AND

                          HOLLINGER INTERNATIONAL INC.

                                       AND

                             JAMISON NEWSPAPERS INC.

                                   MADE AS OF

                                DECEMBER 19, 2005

                SALE OF SHARES OF GREAT WEST NEWSPAPER GROUP LTD.

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                              MCCARTHY TETRAULT LLP

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                                TABLE OF CONTENTS

                            SHARE PURCHASE AGREEMENT

<TABLE>
<S>                                                                           <C>
ARTICLE 1 - INTERPRETATION.................................................    2
    1.01    Definitions....................................................    2
    1.02    Knowledge......................................................    7
    1.03    Headings.......................................................    7
    1.04    Extended Meanings..............................................    7
    1.05    Accounting Principles..........................................    8
    1.06    Currency.......................................................    8
    1.07    Schedules......................................................    8

ARTICLE 2 - PURCHASE AND SALE..............................................    8
    2.01    Purchase and Sale and Purchase Price...........................    8
    2.02    Closing and Deliverables.......................................    8
    2.03    Hollinger International Guarantee..............................    9
    2.04    Glacier Guarantee..............................................    9
    2.05    Taxes..........................................................   10

ARTICLE 3 - REPRESENTATIONS AND WARRANTIES.................................   10
    3.01    Vendor's Representations and Warranties........................   10
    3.02    Survival of Vendor's and Hollinger International's
            Representations, Warranties and Covenants......................   12
    3.03    Purchaser's Representations and Warranties.....................   12
    3.04    Survival of Purchaser's Representations, Warranties
            and Covenants..................................................   13
    3.05    Glacier's Representations and Warranties.......................   14
    3.06    Survival of Glacier's Representations, Warranties
            and Covenants..................................................   15
    3.07    Investigation..................................................   15
    3.08    No Inducement or Reliance; Independent Assessment..............   15
    3.09    Release........................................................   16

ARTICLE 4 - COVENANTS RELATING TO CONDUCT OF BUSINESS......................   16
    4.01    Appropriate Action; Consents; Filings..........................   16
    4.02    Preservation of Books and Records..............................   17
    4.03    Tax Matters....................................................   18
    4.04    Mail; Payments.................................................   19
    4.05    Indemnity Cooperation Agreement................................   19
    4.06    Purchasing Parties' Pre-Closing Reorganization Steps...........   20
    4.07    Hollinger Pre-Closing Reorganization Steps.....................   20
</TABLE>

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<TABLE>
<S>                                                                           <C>
ARTICLE 5 - CONDITIONS.....................................................   21
    5.01    Conditions to Obligations of Each Party........................   21
    5.02    Conditions for the Benefit of the Purchaser and Glacier........   21
    5.03    Conditions for the Benefit of the Vendor.......................   22

ARTICLE 6 - INDEMNIFICATION................................................   22
    6.01    Indemnification................................................   22

ARTICLE 7 - PUBLICATION STATUS INDEMNITY...................................   28
    7.01    Publication Status Indemnity...................................   28
    7.02    Claims Process and Limits......................................   29

ARTICLE 8 - TERMINATION....................................................   29
    8.01    Termination....................................................   29
    8.02    Effect of Termination..........................................   30

ARTICLE 9 - GENERAL........................................................   30
    9.01    Further Assurances.............................................   30
    9.02    Time of the Essence............................................   31
    9.03    Commissions....................................................   31
    9.04    Confidentiality and Public Announcements.......................   31
311
    9.05    Benefit of the Agreement.......................................   31
    9.06    Entire Agreement...............................................   31
    9.07    Amendments and Waiver..........................................   31
    9.08    Assignment.....................................................   32
    9.09    Notices........................................................   32
    9.10    Severability...................................................   34
    9.11    Parties in Interest............................................   34
    9.12    Expenses.......................................................   34
    9.13    Governing Law; Attornment......................................   35
    9.14    Counterparts; Facsimile........................................   35
    9.15    Waiver.........................................................   35
    9.16    Disclaimer.....................................................   35
    9.17    Waiver of Jury Trial...........................................   36
</TABLE>
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                            SHARE PURCHASE AGREEMENT

          THIS AGREEMENT made as of the 19th day of December, 2005;

BETWEEN:

               HCPH CANADIAN NEWSPAPER HOLDINGS CO., a corporation incorporated
               under the laws of Nova Scotia, and any successor in interest
               thereto (hereinafter referred to, in either case, as the
               "Vendor"),

                                                              OF THE FIRST PART,

                                     - and -

               6490239 CANADA INC., a corporation incorporated under the laws of
               Canada (hereinafter referred to as the "Purchaser),

                                                             OF THE SECOND PART,

                                     - and -

               GLACIER VENTURES INTERNATIONAL CORP., a corporation incorporated
               under the laws of British Columbia (hereinafter referred to as
               the "Glacier"),

                                                              OF THE THIRD PART,

                                     - and -

               HOLLINGER INTERNATIONAL INC., a corporation governed by the laws
               of the State of Delaware (hereinafter referred to as "Hollinger
               International"),

                                                             OF THE FOURTH PART,

                                     - and -

               JAMISON NEWSPAPERS INC., a corporation governed by the laws of
               Alberta (hereinafter referred to as "Jamison"),

                                                              OF THE FIFTH PART.

          WHEREAS the Vendor is the beneficial and registered owner of the
Shares, being 17,540 Class A shares of Great West Newspaper Group Ltd. (the
"Corporation"), a corporation incorporated under the laws of Canada;

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                                       -2-

          AND WHEREAS the Vendor desires to sell and the Purchaser desires to
purchase the Shares upon and subject to the terms and conditions hereinafter set
forth;

          NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the
respective representations, warranties, covenants and agreements contained
herein, the parties hereto agree as follows:

                           ARTICLE 1 - INTERPRETATION

1.01 DEFINITIONS

          In this Agreement, unless something in the subject matter or context
is inconsistent therewith:

     (a)  "Affiliate", with respect to the relationship between two or more
          corporations, has the meaning attributed to "affiliated bodies
          corporate" under the Canada Business Corporations Act as of the date
          of this Agreement and, with respect to the relationship between two or
          more Persons any of which is not a corporation, a Person is deemed to
          be an Affiliate of another Person if one of them is Controlled by the
          other or if both are Controlled by the same Person, and "Affiliated"
          has a corresponding meaning;

     (b)  "Applicable Law" means:

          (i)  any domestic or foreign statute, law (including common and civil
               law), code, ordinance, rule, regulation, restriction or by-law
               (zoning or otherwise); or

          (ii) any judgement, order, writ, injunction, decision, ruling, decree
               or award;

          of any Governmental Entity, statutory body or regulatory authority to
          the extent only that the same is legally binding on the Person
          referred to in the context in which the term is used;

     (c)  "Agreement" means this agreement and all amendments made hereto by
          written agreement between the Vendor, Hollinger International, Glacier
          and the Purchaser;

     (d)  "Books and Records" means all books, records, files and papers of the
          Corporation and the Subsidiary, including computer manuals, computer
          data, financial and Tax working papers, financial and Tax books and
          records, business reports, business plans and projections, sales and
          advertising materials, sales and purchases records and correspondence,
          trade association files, research and development records, lists of
          present and former customers and suppliers, personnel and employment
          records (including benefit plan records), minute and share certificate
          books, and all copies and recordings of the foregoing;

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                                       -3-

     (e)  "Business Day" means a day other than a Saturday, Sunday or statutory
          holiday in Ontario;

     (f)  "Closing" means the closing of the purchase and sale of the Shares
          contemplated by this Agreement;

     (g)  "Closing Date" is defined in Section 2.02(1);

     (h)  "Consent" is defined in Section 4.01;

     (i)  "Contract" means any agreement, contract, indenture, lease, deed of
          trust, option or other legally binding commitment or obligation in the
          nature of a contract, whether oral or written, for which there are
          continuing rights or obligations;

     (j)  "Control", with respect to the relationship with a Person, means:

          (i)  if that Person is a corporation, the holding (other than by way
               of security) of Equity Securities of that Person to which are
               attached more than 50% of the votes that may be cast for the
               election of directors and those votes are sufficient, if
               exercised, to elect a majority of the board of directors; or

          (ii) the right, directly or indirectly, to direct or cause the
               direction of the management of the affairs of that Person,
               whether by ownership of Equity Securities, by Contract or
               otherwise;

          and "Controls" and "Controlled" have corresponding meanings;

     (k)  "Corporation" means Great West Newspaper Group Ltd., a corporation
          incorporated under the laws of Canada;

     (l)  "Deductible" is defined in Section 6.01(3);

     (m)  "Disclosure Letter" means the disclosure letter of the Vendor attached
          hereto as Schedule 1.01(m);

     (n)  "Encumbrance" means any lien, pledge, charge, claim, security,
          interest, contingent sale or title retention agreement, option, deed
          of trust, mortgage, conditional sales agreement, right of first
          refusal or other right of a third party substantially equivalent
          thereto;

     (o)  "End Date" is defined in Section 8.01(2);

     (p)  "Equity Securities" means any shares of a corporation, partnership
          units or interests or similar securities;

     (q)  "Filing" is defined in Section 4.01(1);

     (r)  "Fundata" means Fundata Canada Inc.;

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                                       -4-

     (s)  "Funding Determination" means a determination made by the Government
          of Canada that any Indemnity Subsidiary is required to repay to the
          Government of Canada the amount of any Government of Canada Funding,
          only to the extent that such Government of Canada Funding was received
          prior to the Time of Closing and relates to a period ending on or
          prior to the Time of Closing and only to the extent that any Indemnity
          Subsidiary is, at any time, required by the Government of Canada to
          repay such amount because the publications to which the funding
          relates were determined not to meet the relevant Canadian ownership
          and control requirements during such period;

     (t)  "GAAP" means generally accepted accounting principles in Canada,
          applicable as of date hereof and, in respect of the financial
          statements of any Person, applied on a basis consistent with those
          applied in previous periods of such Person unless otherwise required
          under GAAP;

     (u)  "Government of Canada Funding" means financial support that has been
          provided by the Government of Canada to any Indemnity Subsidiary
          pursuant to the Department of Canadian Heritage's Canada Magazine Fund
          or Publications Assistance Program;

     (v)  "Governmental Entity" means any domestic or foreign government,
          whether federal, provincial, state, territorial, local, regional,
          municipal, or other political jurisdiction, and any agency, authority,
          instrumentality, court, tribunal, board, commission, bureau,
          arbitrator, arbitration tribunal or other tribunal, or any
          quasi-governmental or other entity, insofar as it exercises a
          legislative, judicial, regulatory, administrative, expropriation or
          taxing power or function of or pertaining to government, as well as
          any stock exchange;

     (w)  "Great West Agreement" means the shareholders agreement in respect of
          the Corporation dated February 28, 1997;

     (x)  "Hollinger Pre-Closing Reorganization Steps" mean the transactions
          referred to in Schedule 4.07;

     (y)  "Income", in respect of any period, means the income of the
          Corporation or an Indemnity Subsidiary or Mountain View Publishing
          Inc. as determined for purposes of the ITA for such period;

     (z)  "Indemnification Event" means an event, occurrence or state of affairs
          for which a Party is expressly indemnified hereunder;

     (aa) "Indemnification Notice" means a written notice in reasonable detail
          delivered by the Vendor to the Purchasing Parties or either of them,
          or by the Purchasing Parties or either of them to the Vendor, as
          applicable, stating a demand for indemnification in accordance with
          Section 6.01 or in connection with the Publication Status Indemnity;

     (bb) "Indemnified Party" is defined in Section 6.01(7);

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     (cc) "Indemnifying Party" is defined in Section 6.01(7);

     (dd) "Indemnity Cooperation Agreement" is defined in Section 4.05;

     (ee) "Indemnity Subsidiaries" means Tall Taylor, Gazette Press Ltd.,
          Bonnyville Nouvelle Ltd. and the Limited Partnership, and "Indemnity
          Subsidiary" means any one such entity;

     (ff) "Insurance Benefits" is defined in Section 6.01(10);

     (gg) "ITA" means the Income Tax Act (Canada), R.S.C. 1985 (5th Supp.) c. 1,
          and the regulations promulgated thereunder, as amended from time to
          time;

     (hh) "Letter of Intent" means the letter agreement between Hollinger
          International and Glacier dated December 15, 2005 in respect of the
          transactions contemplated hereby;

     (ii) "Limited Partnership" means the Great West Newspapers Limited
          Partnership described in the Purchasing Parties' Pre-Closing
          Reorganization Steps;

     (jj) "Losses" means any and all financial losses, damages, liabilities,
          obligations, penalties, encumbrances, assessments, costs and expenses
          sustained, suffered or incurred by the Party seeking indemnification
          as a direct result of any Indemnification Event; provided, however,
          that Losses shall not include any indirect or consequential or
          punitive losses or damages, lost profits or lost revenue;

     (kk) "Material Adverse Change" or "Material Adverse Effect" means any
          change or effect that has or could be reasonably expected to have a
          material and adverse effect on the business, assets or financial
          condition of the Corporation and the Subsidiary, taken as a whole, and
          "Materially Adversely Effect" has a corresponding meaning;

     (ll) "Non-Competition Agreement" means the agreement to be entered into by
          Glacier, the Purchaser, Hollinger International and the Vendor
          contemporaneously with Closing whereby, in consideration for the sum
          of $1,000, each of the Vendor and Hollinger International will agree
          not to compete with the Corporation following Closing;

     (mm) "Ordinary Course" means, with respect to an action taken by a Person,
          that the action is consistent with the past practices of the Person
          and is taken in the normal day-to-day operations of the Person and,
          with respect to Hollinger International and any subsidiary of
          Hollinger International (other than the Corporation and the
          Subsidiary) since January 17, 2004;

     (nn) "Party" means the Vendor, the Purchaser, Jamison, Glacier or Hollinger
          International, as the case may be;

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                                       -6-

     (oo) "Person" means an individual, corporation, partnership, joint venture,
          trust, limited liability company, unincorporated organization or other
          entity, or a Governmental Entity;

     (pp) "Publication Status Indemnity" means, collectively, the indemnities
          granted by the Vendor in Sections 7.01(1) and (2) of this Agreement;

     (qq) "Purchase Price" is defined in Section 2.01(1);

     (rr) "Purchasing Parties" means the Purchaser and Glacier;

     (ss) "Purchasing Parties' Pre-Closing Reorganization Steps" means the
          transactions referred to in Schedule 4.06;

     (tt) "Representation and Warranty Losses" is defined in Section 6.01(3);

     (uu) "Representatives", with respect to a Party, means its directors,
          officers, employees, auditors, agents and other representatives and
          advisors;

     (vv) "Safe Income" means the income earned or realized by the Corporation
          and each Indemnity Subsidiary and Mountain View Publishing Inc. for
          purposes of section 55 of the ITA for the period ending at the
          safe-income determination time, as defined in subsection 55(1) of the
          ITA, for the series of transactions that includes the purchase of the
          Shares under this Agreement;

     (ww) "Section 19 Claim" means any claim, action, suit or proceeding or
          other demand, whether at law or in equity, brought before a court and
          asserted against any Indemnity Subsidiary, and either: (i) arising
          from a Section 19 Reassessment in respect of a Person, to the extent
          that such Section 19 Reassessment relates to expenses incurred by the
          Person prior to the Time of Closing; or (ii) arising from damages
          suffered by a Person who publishes a newspaper in a market in Canada,
          to the extent that such damages arose as a direct result of the
          failure of a newspaper produced or published by such Indemnity
          Subsidiary to qualify as a Canadian newspaper, as defined in
          subsection 19(5) of the ITA or an analogous provision of a provincial
          taxing statute, during any period ending prior to the Time of Closing;

     (xx) "Section 19 Reassessment" means, in respect of a Person, an assessment
          or a reassessment issued to the Person by the Canada Revenue Agency or
          provincial taxing authority, solely on the basis of subsection 19(1)
          of the ITA or an analogous provision of a provincial taxing statute,
          from which no appeal lies disallowing a deduction claimed by the
          Person for expenses incurred for advertising space in an issue of a
          newspaper produced and published by an Indemnity Subsidiary;

     (yy) "Shares" means 17,540 Class A shares of the Corporation;

     (zz) "Subsidiaries" means Tall Taylor and Gazette Press Ltd.;

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                                       -7-

     (aaa) "Tall Taylor" means Tall-Taylor Publishing Ltd.;

     (bbb) "Tax" or "Taxes" means all taxes, charges, fees, levies, imposts and
          other assessments, including all income, sales, use, goods and
          services, value added, capital, capital gains, alternative, net worth,
          transfer, profits, withholding, payroll, employer health, excise,
          franchise, real property and personal property taxes, and any other
          taxes, customs duties, fees, assessments, royalties, duties,
          deductions, compulsory loans or similar charges in the nature of a
          tax, including Canada Pension Plan and provincial pension plan
          contributions, employment insurance payments and workers compensation
          premiums, together with any instalments, and any interest, fines and
          penalties, imposed by any governmental authority (including federal,
          state, provincial, municipal and foreign governmental authorities),
          whether disputed or not;

     (ccc) "Tax Returns" means any return, declaration, report, schedule or
          information statement with respect to Taxes required to be filed with
          the Canada Revenue Agency or any other Governmental Entity;

     (ddd) "Time of Closing" means 9:00 a.m. (Vancouver time) on the Closing
          Date;

     (eee) "Title Representation and Warranty Losses" is defined in Section
          6.01(5); and

     (fff) "Vue Claims" means the claims advanced by 783783 Alberta Ltd. against
          Jamison, among others, in the statement of claim issued out of the
          Office of the Clerk of the Court of Queen's Bench of Alberta on
          October 27, 2005; provided, however, that Vue Claims shall not include
          any new claims unrelated to the Publication Status Indemnity advanced
          in any amendment made to such statement of claim after the Time of
          Closing.

1.02 KNOWLEDGE

          Any reference to "knowledge of the Vendor" or to phrases of similar
import shall mean only the actual knowledge of Gordon Paris, Peter Lane or David
Dodd.

1.03 HEADINGS

          The division of this Agreement into Articles and Sections and the
insertion of headings are for convenience of reference only and shall not affect
the construction or interpretation of this Agreement. The terms "this
Agreement", "hereof", "hereunder" and similar expressions refer to this
Agreement and not to any particular Article, Section or other portion hereof and
include any agreement supplemental hereto. Unless something in the subject
matter or context is inconsistent therewith, references herein to Articles and
Sections are to Articles and Sections of this Agreement.

1.04 EXTENDED MEANINGS

          In this Agreement words importing the singular number only shall
include the plural and vice versa, words importing the masculine gender shall
include the feminine and neuter

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                                       -8-

genders and vice versa and words importing persons shall include individuals,
partnerships, associations, trusts, unincorporated organizations and
corporations.

1.05 ACCOUNTING PRINCIPLES

          Wherever in this Agreement reference is made to a calculation to be
made in accordance with generally accepted accounting principles, such reference
shall be deemed to be to GAAP.

1.06 CURRENCY

          All references to currency herein are to lawful money of Canada.

1.07 SCHEDULES

          The following are the Schedules annexed hereto and incorporated by
reference and deemed to be part hereof:

          Schedule 1.01(M)    - Disclosure Letter;

          Schedule 4.05       - Indemnity Cooperation Agreement;

          Schedule 4.06       - Purchasing Parties' Pre-Closing Reorganization
                                Steps;

          Schedule 4.07       - Hollinger Pre-Closing Reorganization Steps; and

          Schedule 5.01(1)(B) - Consents and Filings.

                          ARTICLE 2 - PURCHASE AND SALE

2.01 PURCHASE AND SALE AND PURCHASE PRICE

     (1) Upon and subject to the terms and conditions contained herein, the
Vendor shall, at the Time of Closing, sell the Shares to the Purchaser and the
Purchaser shall purchase the Shares from the Vendor for a total purchase price
of Cdn.$32,000,000 (hereinafter referred to as the "Purchase Price").

     (2) The Purchase Price shall be paid and satisfied by the Purchaser at the
Time of Closing by wire transfer of immediately available funds to an account or
accounts specified by the Vendor against delivery to the Purchaser of a share
certificate or certificates evidencing the Shares duly endorsed for transfer to
the Purchaser.

2.02 CLOSING AND DELIVERABLES

     (1) Subject to the terms and conditions contained herein, the Closing shall
take place as soon as practicable but, in any event, within five (5) Business
Days after satisfaction or waiver of the conditions set forth in Article 5
hereof (other than conditions which, by their terms, are to be satisfied at the
Closing) (the "Closing Date") at the offices of Farris, Vaughan, Wills & Murphy
LLP, 700 W. Georgia Street, Vancouver, British Columbia.

     (2) At the Closing, the Vendor shall deliver to the Purchaser the
following:

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                                       -9-

     (a)  share certificates representing the Shares duly endorsed for transfer
          to the Purchaser or accompanied by duly executed stock transfer
          powers;

     (b)  the officer's certificates referred to in Section 5.02(1)(b), (c) and
          (d);

     (c)  written resignations of each of the nominees of the Vendor to the
          board of directors of the Corporation;

     (d)  executed counterparts of the Indemnity Cooperation Agreement signed by
          the Vendor and Hollinger International; and

     (e)  executed counterparts of the Non-Competition Agreement signed by the
          Vendor and Hollinger International.

     (3) At the Closing, the Purchaser shall deliver to the Vendor the
following:

     (a)  payment of the Purchase Price in Canadian dollars by wire transfer of
          immediately available funds to an account or accounts specified by the
          Vendor;

     (b)  an officer's certificate in accordance with Section 5.03(1)(c);

     (c)  executed counterparts of the Indemnity Cooperation Agreement signed by
          each Indemnity Subsidiary; and

     (d)  executed counterparts of the Non-Competition Agreement signed by
          Glacier and the Purchaser.

2.03 HOLLINGER INTERNATIONAL GUARANTEE

          Hollinger International hereby unconditionally and irrevocably
guarantees the due and punctual performance by the Vendor of its obligations
under this Agreement as the same may be amended, changed or replaced, settled,
compromised or otherwise modified, from time to time and irrespective of any
bankruptcy, insolvency, dissolution, winding-up or termination of the existence
of the Vendor, the Purchaser, Glacier or any successor or assignee thereof, as
the case may be, including, without limitation, the unconditional and
irrevocable guarantee of the payment of all indemnification claims for which the
Vendor is liable to the Purchasing Parties or the Indemnity Subsidiaries
pursuant to this Agreement. Hollinger International shall be liable to the
Purchasing Parties or the Indemnity Subsidiaries if and only to the extent that
it is established that the Vendor is so liable. The Purchasing Parties are not
required to exhaust all remedies against the Vendor prior to proceeding against
Hollinger International under this guarantee. In no event shall the liability of
Hollinger International to the Purchasing Parties or the Indemnity Subsidiaries
hereunder be greater than that of the Vendor to the Purchaser hereunder.

2.04 GLACIER GUARANTEE

          Glacier hereby unconditionally and irrevocably guarantees the due and
punctual performance by the Purchaser of its obligations under this Agreement,
as the same may be amended, changed or replaced, settled, compromised or
otherwise modified, from time to time and irrespective

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                                      -10-

of any bankruptcy, insolvency, dissolution, winding-up or termination of the
existence of the Vendor, the Purchaser, Glacier or any successor or assignee
thereof, as the case may be, including, without limitation, the payment of all
indemnification claims for which the Purchaser is liable to the Vendor pursuant
to this Agreement. Glacier shall be liable to the Vendor if and only to the
extent that it is established that the Purchaser is so liable. The Vendor is not
required to exhaust all remedies against the Purchaser prior to proceeding
against Glacier under this guarantee. In no event shall the liability of Glacier
to the Vendor hereunder be greater than that of the Purchaser to the Vendor
hereunder.

2.05 TAXES

          The Purchaser shall pay any sales, use, transfer, excise, stamp or
other similar taxes imposed by reason of the sale of the Shares, excluding, for
greater certainty, any income taxes, capital or capital gains taxes of the
Vendor pursuant to this Agreement, and any deficiency, interest or penalty with
respect to such taxes.

                   ARTICLE 3 - REPRESENTATIONS AND WARRANTIES

3.01 VENDOR'S REPRESENTATIONS AND WARRANTIES

     (1) The Vendor represents and warrants to the Purchasing Parties that,
except as disclosed in the Disclosure Letter:

     (a)  the Vendor is the beneficial and registered owner of the Shares and
          will (subject to the Hollinger Pre-Closing Reorganization Steps) be on
          the Closing Date the legal and beneficial owner of the Shares with
          good and marketable title thereto, free and clear of all Encumbrances;

     (b)  the Vendor is incorporated, organized and existing under the laws of
          the jurisdiction of its incorporation, the Vendor has good and
          sufficient power, authority and right to enter into and deliver this
          Agreement and the Vendor has the power, authority and right to
          transfer the legal and beneficial title and ownership of the Shares to
          the Purchaser free and clear of all Encumbrances;

     (c)  this Agreement has been duly authorized, executed and delivered by,
          and constitutes a valid and legally binding obligation of, the Vendor,
          enforceable against the Vendor in accordance with its terms subject to
          general principles of equity and to applicable bankruptcy, insolvency,
          reorganization and other laws of general application limiting the
          enforcement of creditors' rights generally and to the fact that
          specific performance is an equitable remedy available only in the
          discretion of the court;

     (d)  there is no contract, option or any other right of another binding
          upon the Vendor or capable of becoming a contract, option or right
          binding upon the Vendor to sell, transfer, assign, pledge, charge,
          mortgage or in any other way dispose of or encumber any of the Shares
          other than pursuant to the provisions of this Agreement;

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                                      -11-

     (e)  neither the entering into nor the delivery of this Agreement nor the
          completion of the transactions contemplated hereby by the Vendor will
          result in the violation of:

          (i)  any of the provisions of the constating documents or by-laws of
               the Vendor; or

          (ii) any Contract to which the Vendor is a party or the Vendor is
               bound;

          except where such violation would not have a material adverse effect
          on the ability of the Vendor to carry out its obligations hereunder;

     (f)  no approval, order, consent of or filing with any Governmental Entity
          is required in connection with the execution and delivery by the
          Vendor of this Agreement or any other documents and agreements to be
          delivered under this Agreement or the performance of the obligations
          of the Vendor under this Agreement or any other documents and
          agreements to be delivered under this Agreement except where the
          failure to obtain such approval, order or consent or make such filing
          would not have a material adverse effect on the ability of the Vendor
          to carry out its obligations hereunder;

     (g)  the Vendor is not a non-resident person within the meaning of section
          116 of the Income Tax Act (Canada);

     (h)  to the knowledge of the Vendor, neither the Corporation nor any of the
          Subsidiaries is a party to any court proceeding arising as a result
          of, or in relation to, the investigation of the Special Committee of
          the Board of Directors of Hollinger International and, to the
          knowledge of the Vendor, there are no facts or circumstances that
          would be reasonably likely to result in the Corporation or the
          Subsidiaries becoming involved in any court action or proceeding, as a
          defendant, related to the matters raised in the report of the Special
          Committee of the Board of Directors of Hollinger International; and

     (i)  to the knowledge of the Vendor, there is no existing litigation in the
          United States against the Corporation or the Subsidiaries.

     (2) Hollinger International represents and warrants to the Purchasing
Parties that, except as disclosed in the Disclosure Letter:

     (a)  Hollinger International is incorporated, organized and existing under
          the laws of the jurisdiction of its incorporation, and Hollinger
          International has good and sufficient power, authority and right to
          enter into and deliver this Agreement;

     (b)  this Agreement has been duly authorized, executed and delivered by,
          and constitutes a valid and legally binding obligation of, Hollinger
          International, enforceable against Hollinger International in
          accordance with its terms subject to general principles of equity and
          to applicable bankruptcy, insolvency, reorganization and other laws of
          general application limiting the enforcement of

<PAGE>

                                      -12-

          creditors' rights generally and to the fact that specific performance
          is an equitable remedy available only in the discretion of the court;

     (c)  neither the entering into nor the delivery of this Agreement nor the
          completion of the transactions contemplated hereby by Hollinger
          International will result in the violation of:

          (i)  any of the provisions of the constating documents or by-laws of
               Hollinger International; or

          (ii) any Contract to which Hollinger International is a party or is
               bound;

          except where such violation would not have a material adverse effect
          on the ability of Hollinger International to carry out its obligations
          hereunder; and

     (d)  no approval, order, consent of or filing with any Governmental Entity
          is required in connection with the execution and delivery by Hollinger
          International of this Agreement or any other documents and agreements
          to be delivered under this Agreement or the performance of the
          obligations of Hollinger International under this Agreement or any
          other documents and agreements to be delivered under this Agreement
          except where the failure to obtain such approval, order or consent or
          make such filing would not have a material adverse effect on the
          ability of Hollinger International to carry out its obligations
          hereunder.

3.02 SURVIVAL OF VENDOR'S AND HOLLINGER INTERNATIONAL'S REPRESENTATIONS,
     WARRANTIES AND COVENANTS

     (1) The representations and warranties of the Vendor and Hollinger
International set forth in Section 3.01 (other than those set forth in Section
3.01(1)(a) and 3.01(1)(d)) shall survive the completion of the sale and purchase
of the Shares herein provided for and, notwithstanding such completion, shall
continue in full force and effect for the benefit of the Purchasing Parties for
a period of 24 months from the Closing Date. The representations and warranties
of the Vendor set forth in Section 3.01(1)(a) and 3.01(1)(d) shall survive the
completion of the sale and purchase of the Shares herein provided for and,
notwithstanding such completion, shall continue in full force and effect for the
benefit of the Purchasing Parties for a period of 36 months from the Closing
Date.

     (2) The covenants of the Vendor set forth in this Agreement shall survive
the completion of the sale and purchase of the Shares herein provided for and,
notwithstanding such completion, shall continue in full force and effect for the
benefit of the Purchasing Parties in accordance with the terms thereof.

3.03 PURCHASER'S REPRESENTATIONS AND WARRANTIES

     (1) The Purchaser represents and warrants to the Vendor that:

     (a)  the Purchaser is a corporation duly incorporated, organized and
          subsisting under the laws of Canada;

<PAGE>

                                      -13-

     (b)  the Purchaser has good and sufficient power, authority and right to
          enter into and deliver this Agreement and to complete the transactions
          to be completed by the Purchaser contemplated hereby;

     (c)  this Agreement has been duly authorized, executed and delivered by the
          Purchaser and constitutes a valid and legally binding obligation of
          the Purchaser, enforceable against the Purchaser in accordance with
          its terms subject to general principles of equity and to applicable
          bankruptcy, insolvency, reorganization and other laws of general
          application limiting the enforcement of creditors' rights generally
          and to the fact that specific performance is an equitable remedy
          available only in the discretion of the court;

     (d)  neither the entering into nor the delivery of this Agreement nor the
          completion of the transactions contemplated hereby by the Purchaser
          will result in the violation of:

          (i)  any of the provisions of the constating documents or by-laws of
               the Purchaser; or

          (ii) any Contract to which the Purchaser is a party or by which the
               Purchaser is bound;

          except where such violation would not have a material adverse effect
          on the ability of the Purchaser to carry out its obligations
          hereunder;

     (e)  the Purchaser is a Canadian within the meaning of the Investment
          Canada Act (Canada);

     (f)  the Purchaser will, at Closing, have available funds sufficient to
          consummate the transactions contemplated hereby; and

     (g)  no approval, order, consent of or filing with any Governmental Entity
          is required in connection with the execution and delivery by the
          Purchaser of this Agreement or any other documents and agreements to
          be delivered under this Agreement or the performance of the
          obligations of the Purchaser under this Agreement or any other
          documents and agreements to be delivered under this Agreement except
          where the failure to obtain such approval, order or consent or make
          such filing would not have a material adverse effect on the Purchaser
          or its ability to carry out its obligations hereunder.

3.04 SURVIVAL OF PURCHASER'S REPRESENTATIONS, WARRANTIES AND COVENANTS

     (1) The representations and warranties of the Purchaser set forth in
Section 3.03 shall survive the completion of the sale and purchase of the Shares
herein provided for and, notwithstanding such completion, shall continue in full
force and effect for the benefit of the Vendor for a period of 24 months from
the Closing Date.

<PAGE>

                                      -14-

     (2) The covenants of the Purchaser set forth in this Agreement shall
survive the completion of the sale and purchase of the Shares herein provided
for and, notwithstanding such completion, shall continue in full force and
effect for the benefit of the Vendor in accordance with the terms thereof.

3.05 GLACIER'S REPRESENTATIONS AND WARRANTIES

     (1) Glacier represents and warrants to the Vendor and the Purchaser that:

     (a)  Glacier is a corporation duly incorporated, organized and subsisting
          under the laws of Canada;

     (b)  Glacier has good and sufficient power, authority and right to enter
          into and deliver this Agreement and to complete the transactions to be
          completed by Glacier contemplated hereby;

     (c)  this Agreement has been duly authorized, executed and delivered by
          Glacier and constitutes a valid and legally binding obligation of
          Glacier, enforceable against Glacier in accordance with its terms
          subject to general principles of equity and to applicable bankruptcy,
          insolvency, reorganization and other laws of general application
          limiting the enforcement of creditors' rights generally and to the
          fact that specific performance is an equitable remedy available only
          in the discretion of the court;

     (d)  neither the entering into nor the delivery of this Agreement nor the
          completion of the transactions contemplated hereby by Glacier will
          result in the violation of:

          (i)  any of the provisions of the constating documents or by-laws of
               Glacier; or

          (ii) any Contract to which Glacier is a party or by which Glacier is
               bound;

          except where such violation would not have a material adverse effect
          on the ability of Glacier to perform its obligations hereunder;

     (e)  Glacier is a Canadian within the meaning of the Investment Canada Act
          (Canada); and

     (f)  no approval, order, consent of or filing with any Governmental Entity
          is required in connection with the execution and delivery by Glacier
          of this Agreement or any other documents and agreements to be
          delivered under this Agreement or the performance of the obligations
          of Glacier under this Agreement or any other documents and agreements
          to be delivered under this Agreement except where the failure to
          obtain such approval, order or consent or make such filing would not
          have a material adverse effect on Glacier or its ability to carry out
          its obligations hereunder.
<PAGE>

                                      -15-

3.06 SURVIVAL OF GLACIER'S REPRESENTATIONS, WARRANTIES AND COVENANTS

     (1) The representations and warranties of Glacier set forth in Section 3.05
shall survive the completion of the sale and purchase of the Shares herein
provided for and, notwithstanding such completion, shall continue in full force
and effect for the benefit of the Vendor and the Purchaser for a period of 24
months from the Closing Date.

     (2) The covenants of Glacier set forth in this Agreement shall survive the
completion of the sale and purchase of the Shares herein provided for and,
notwithstanding such completion, shall continue in full force and effect for the
benefit of the Vendor and the Purchaser, as the case may be, in accordance with
the terms thereof.

3.07 INVESTIGATION

          Glacier and the Purchaser are knowledgeable about the industry in
which the Corporation and the Subsidiaries operate (and the Purchaser currently
manages the business of the Corporation) and are experienced in the acquisition
and management of businesses. The Purchaser and Glacier acknowledge that they
have been advised by the Vendor and Hollinger International that neither the
Vendor, Hollinger International nor their respective Affiliates are or have been
involved in the day-to-day management of the Corporation or the Subsidiaries nor
do they or have they exercised any material oversight in respect of the
management of the Corporation or the Subsidiaries. Glacier and its
Representatives have been afforded reasonable access to the Books and Records,
Contracts, facilities and personnel of the Corporation and the Subsidiaries for
purposes of conducting a due diligence investigation of the Corporation and the
Subsidiaries. Glacier has conducted a reasonable due diligence investigation of
the Corporation and the Subsidiaries and has received answers to all inquiries
which it has made with respect to the Corporation and the Subsidiaries and their
respective businesses.

3.08 NO INDUCEMENT OR RELIANCE; INDEPENDENT ASSESSMENT

     (1) Neither the Purchaser nor Glacier has been induced by or relied upon
any representations, warranties or statements, whether express or implied, made
by the Vendor, Hollinger International (or their Affiliates or Representatives)
that are not expressly set forth herein (including the Disclosure Letter),
whether or not any such representations, warranties or statements were made in
writing or orally.

     (2) The Purchaser and Glacier acknowledge that none of the Vendor,
Hollinger International or their Affiliates or Representatives makes, will make
or has made any representation or warranty, express or implied, as to the
prospects of the Corporation, the Subsidiaries or their respective businesses
for the Purchaser or Glacier or with respect to any forecasts, projections or
business plans made available to Glacier in connection with Glacier's review of
the Corporation, the Subsidiaries and their respective businesses. No
information concerning the Corporation or the Subsidiaries or their respective
businesses provided by the Purchaser to Glacier shall constitute or be deemed to
constitute, in any way, information or a representation of or provided by the
Vendor or Hollinger International.

<PAGE>

                                      -16-

3.09 RELEASE

          From and after the expiry of the time periods referred to in Sections
3.02(1), 3.04(1) and 3.06(1)(as applicable), each Party releases and forever
discharges each other Party from any and all claims, demands, causes of action,
liabilities, obligations, costs and damages of any nature whatsoever which the
Party may have in respect of or in any way arising out of any inaccuracy in or
breach of any representation or warranty contained in this Agreement and any
instrument or certificate or other document executed or delivered pursuant to
this Agreement (except for the Indemnity and Cooperation Agreement which will
survive according to its terms), except for (and only to the extent of) any
claim in respect of which the Party making the claim has provided notice to the
Party making that representation and warranty in accordance with Section 6.01(7)
or 7.01(2) prior to the expiry of those time limits and in respect of which any
applicable limitation period imposed by Applicable Law has not expired and, in
that event, only on the terms and conditions of and to the extent provided for
in Article 6.

             ARTICLE 4 - COVENANTS RELATING TO CONDUCT OF BUSINESS

4.01 APPROPRIATE ACTION; CONSENTS; FILINGS

     (1) Upon the terms and subject to the conditions set forth herein, from the
date hereof until the Closing Date, the Vendor, Glacier and the Purchaser shall
use their respective commercially reasonable efforts to take, or cause to be
taken, all appropriate action, and do, or cause to be done, and to assist and
cooperate with the other Party in doing all things necessary, proper or
advisable under Applicable Law or otherwise to consummate and make effective the
transactions contemplated herein as promptly as practicable, including: (i)
executing and delivering any additional instruments necessary, proper or
advisable to consummate the transactions contemplated herein, and to carry out
fully the purposes of this Agreement; (ii) identifying and making all necessary
registrations, declarations, notices or filings (each a "Filing") with any
Governmental Entity as is required in connection with the execution and delivery
of this Agreement or the consummation of the transactions contemplated herein,
and thereafter making any other required submissions, with respect to the
transactions contemplated hereby and any Applicable Law; and (iii) obtaining all
consents, waivers, approvals, licenses, permits, orders or authorizations (each,
a "Consent") of any Governmental Entity or third party necessary for the
consummation of the transactions contemplated herein; provided, however, that
the Vendor shall not be required to commence any litigation or offer or grant
any accommodation (financial or otherwise) to any third-party. In addition to
the foregoing, the Purchaser and Glacier agree to provide such information and
assurances as to financial capability, resources and creditworthiness as may be
reasonably requested by any Governmental Entity or other third party whose
consent or approval is sought in connection with the transactions contemplated
herein to the extent that such information or assurances do not increase the
benefit that such party possesses under the applicable contract. The Purchaser,
Glacier and the Vendor shall cooperate with each other in connection with the
making of any Filings in accordance with this Section 4.01(1), including
providing copies of all such documents to the non-filing Party and its advisors
prior to filing and implementing all reasonable additions, deletions or changes
suggested in connection therewith. All reasonable costs and expenses incurred in
connection with the Filings pursuant to this Section 4.01 shall be paid by the
Purchaser and all reasonable costs and expenses incurred for obtaining the
Consents shall be paid by the Vendor. The Vendor, Glacier and the

<PAGE>

                                      -17-

Purchaser shall furnish to each other all information required for any
application or other Filing to be made pursuant to any Applicable Law in
connection with the transactions contemplated hereby.

     (2) The Purchaser and Glacier acknowledge that, as a result of the
transactions contemplated hereby, certain consents and waivers may be required
from parties to contracts to which the Corporation and the Subsidiaries, as the
case may be, are party, and that such consents and waivers have not been
obtained and may not be obtained prior to the Closing. The Vendor shall have no
liability whatsoever to the Purchaser or Glacier arising out of or relating to
the failure to obtain any consents or waivers, that may be required as a result
of the transactions contemplated hereby or because of the termination of any
contract as a result thereof. The Purchaser and Glacier acknowledge that no
representation, warranty or covenant of the Vendor contained herein shall be
breached or deemed breached, and no condition shall be deemed not satisfied, as
a result of: (i) the failure to obtain any such consent or waiver; (ii) any such
termination; or (iii) any claim, lawsuit, action, proceeding or investigation
commenced or threatened by or on behalf of any Person arising out of or relating
to the failure to obtain any such consent, or any such termination.

     (3) From the date hereof until the Closing Date, the Vendor, Glacier and
the Purchaser shall promptly notify each other in writing of any pending or, to
the knowledge of the Vendor, Glacier or the Purchaser, as applicable, threatened
action, proceeding or investigation by any Governmental Entity or any other
Person: (i) challenging or seeking damages in connection with the transactions
contemplated hereby; or (ii) seeking to restrain or prohibit the consummation of
the transactions contemplated hereby or otherwise limit the right of the
Purchaser or Glacier to own all or any portion of the Shares. The Vendor,
Glacier and the Purchaser shall cooperate with each other in defending any such
action, proceeding or investigation, including seeking to have any stay or
temporary restraining order entered by any court or other Governmental Entity
vacated or reversed.

     (4) From and after the date hereof, and at all times following Closing, the
Purchaser and Glacier (to the extent within its control) shall, and shall cause
the Corporation and any Indemnity Subsidiary to, provide all necessary
cooperation and assistance to the Vendor and make available all personnel
requested by the Vendor in connection with any proceeding or enquiry by or
before any Governmental Entity in connection with the operation of the business
or the activities of the Corporation or any Indemnity Subsidiary or in
connection with any third party claim including, without limitation, any Section
19 Claim or any claim related to Government of Canada Funding, brought against
or involving the Vendor or its Affiliates. The Vendor shall reimburse the
Purchaser and Glacier for their reasonable out-of-pocket expenses in connection
with the foregoing.

4.02 PRESERVATION OF BOOKS AND RECORDS

     (1) For a period of six (6) years from the Closing Date, the Purchaser and
Glacier (to the extent within its control)shall use all reasonable efforts to
preserve and retain, or cause the Corporation and any Indemnity Subsidiary to
preserve and retain, all material Books and Records relating to the Corporation
and any Indemnity Subsidiary prior to the Closing.

     (2) The Purchaser and Glacier shall not, at any time, dispose of or destroy
any of the Books and Records without first offering to turn over possession
thereof to the Vendor by written notice to the Vendor at least sixty (60) days
prior to the proposed date of such disposition or destruction.

<PAGE>

                                      -18-

     (3) At any time for a period of six (6) years from the Closing Date and
thereafter in the event that either Party has issued an Indemnification Notice
to the other Party, or the Vendor otherwise requires access to such Books and
Records:

     (a)  The Purchaser and Glacier shall allow the Vendor and its
          Representatives access to all Books and Records within their control
          on reasonable notice and at reasonable times at the Purchaser's or
          Glacier's principal place of business or at any location where any
          Books and Records are stored, and the Vendor and its Representatives
          shall have the right to make copies of any Books and Records;
          provided, however, that any such access or copying shall be had or
          done in such a manner so as not to unduly interfere with the normal
          conduct of the business of the Corporation or any Indemnity
          Subsidiary.

     (b)  The Purchaser and Glacier shall, or shall (in the case of Glacier, to
          the extent within its control) cause the Corporation and/or any
          Indemnity Subsidiary to, make available to the Vendor at the Vendor's
          request upon reasonable notice and at reasonable times and at the
          Vendor's sole cost written request: (i) the Corporation's and the
          Indemnity Subsidiary's personnel to assist the Vendor in locating and
          obtaining any Books and Records; and (ii) any of the Corporation's and
          the Indemnity Subsidiary's personnel whose assistance or participation
          (including as witnesses) is reasonably required by the Vendor or any
          of its Affiliates in anticipation of, or preparation for, existing or
          future litigation or other matters in which the Vendor or any of its
          Affiliates are involved, including in connection with the preparation
          of any report or Tax Return to be filed by the Vendor under Applicable
          Law or otherwise or for the purposes of responding to or defending
          against any action, suit, proceeding, audit, investigation or claim in
          respect of any Taxes arising prior to the Closing Date relating to the
          Corporation or any Indemnity Subsidiary.

     (4) The Vendor and Hollinger International shall maintain the
confidentiality of any information (other than information that is already in
the public domain or that the Vendor and Hollinger International have in their
possession on or prior to the date hereof, except to the extent specifically
covered by any confidentiality undertaking) received from the Purchaser as a
result of its access to the Books and Records under this Section 4.02 and,
except as otherwise authorized by the Purchaser, will not disclose to any third
party (except as may be required by Applicable Law or in any suit, action or
proceeding involving the Vendor or Hollinger International) any such
information.

4.03 TAX MATTERS

     (1) Neither the Purchaser nor Glacier (to the extent within its control)
shall initiate or cause the Corporation or the Subsidiaries or any of their
respective Affiliates to initiate any Income or Tax adjustment, for any period
ending on or before the Closing Date, that would result in a reduction of Safe
Income attributable to any of the Shares without the prior written consent of
the Vendor.

     (2) The Purchaser and Glacier (to the extent within its control) shall
cause the Corporation, the Subsidiaries and the Limited Partnership and their
respective down-stream

<PAGE>

                                      -19-

Affiliates not to divest, sell, transfer or otherwise dispose of any asset to
any Person in the remainder of the 2005 calendar year other than: (i) in the
Ordinary Course; (ii) pursuant to the Purchasing Parties' Pre-Closing
Reorganization Steps; or (iii) to the extent required by Applicable Law. The
Purchaser and Glacier (to the extent within its control) shall cause the
Corporation, the Subsidiaries and their respective down-stream Affiliates not to
establish and/or acquire in the remainder of the 2005 calendar year, any
corporation other than an unlimited liability company established under the laws
of the Province of Nova Scotia.

     (3) The Purchaser and Glacier (to the extent within its control) shall, and
shall cause the Corporation, the Subsidiaries and their respective down-stream
Affiliates to provide all financial data and other information concerning the
Corporation, the Subsidiaries and their respective down-stream Affiliates for
the 2005 calendar year to the Vendor to enable the Vendor to prepare and file
any Tax Returns required to be filed by it.

4.04 MAIL; PAYMENTS

     (1) The Vendor shall promptly deliver to the Purchaser copies of any
correspondence or other communication received by the Vendor after the Closing
Date pertaining to the Corporation or the Subsidiaries and, where such
correspondence or other communication relates exclusively to the Corporation or
any Subsidiaries, originals thereof. The Purchaser and Glacier shall and shall
cause the Corporation and the Subsidiaries to promptly deliver to the Vendor any
correspondence or other communication received by the Purchaser or Glacier after
the Closing Date pertaining to the Vendor or its Affiliates.

     (2) The Vendor shall promptly pay or deliver to the Purchaser any monies or
cheques which have been mistakenly sent after the Closing Date by customers of
the Corporation and the Subsidiaries to the Vendor and which should have been
sent to the Purchaser. The Purchaser and Glacier shall promptly pay or deliver
to the Vendor any monies or checks which have been mistakenly sent after the
Closing Date to the Purchaser and which should have been sent to the Vendor or
its Affiliates.

4.05 INDEMNITY COOPERATION AGREEMENT

          The Parties agree that, notwithstanding the Closing, the Vendor shall
be entitled, in its sole discretion and at its sole expense, to control and
direct all matters related to any Section 19 Claims and any Government of Canada
Funding claims involving the Corporation, Jamison, and any Indemnity Subsidiary
including, without limitation, the exclusive right to retain and instruct
counsel and to enter into any settlement or other negotiations with respect
thereto. In connection therewith, the Vendor, Hollinger International and each
Indemnity Subsidiary will, concurrently with the Closing, enter into an
agreement (the "Indemnity Cooperation Agreement") addressing such matters in the
form set out in Schedule 4.05. The Purchaser, Jamison and Glacier (to the extent
within its control) covenant and agree to cooperate, in all respects, with the
Vendor and Hollinger International so as to assist the Vendor and Hollinger
International in enjoying benefits of the Indemnity Cooperation Agreement and
not in any way impair or interfere with the rights of the Vendor or Hollinger
International hereunder.

<PAGE>

                                      -20-

4.06 PURCHASING PARTIES' PRE-CLOSING REORGANIZATION STEPS

          Prior to the Time of Closing, at the Purchaser's option and upon
notice thereof being provided to the Vendor by the Purchaser, the Parties agree
to implement the Purchasing Parties' Pre-Closing Reorganization Steps in
accordance with Schedule 4.06 hereof. Upon such notice being provided by the
Purchasing Parties to the Vendor, the Parties agree to implement the Purchasing
Parties' Pre-Closing Reorganization Steps in accordance with Schedule 4.06
hereof. Upon notice being provided hereunder, the Purchaser shall be deemed to
waive all conditions under this Agreement for their benefit, including without
limitation, the conditions contained in Article 5. The Purchasing Parties shall
be solely responsible for any and all costs and expenses (including, without
limitation, all Taxes) incurred by the Purchasing Parties, the Vendor and its
Affiliates, Hollinger International and its Affiliates, the Corporation and the
Subsidiaries, including, without limitation, all legal fees and disbursements of
counsel, in connection with or in any way related to implementation of the
Purchasing Parties' Pre-Closing Reorganization Steps and the termination or
unwinding of the Purchasing Parties' Pre-Closing Reorganization Steps should
Closing not occur. The Purchasing Parties shall reimburse each of the Vendor and
its Affiliates, Hollinger International and its Affiliates, the Corporation and
the Subsidiaries forthwith, on an as incurred basis, for any and all costs and
expenses so incurred. The Purchasing Parties hereby indemnify and saves harmless
the Vendor and its Affiliates, Hollinger International and its Affiliates, the
Purchaser, the Corporation and the Subsidiaries for any and all claims, demands,
suits, actions, proceedings, obligations, penalties, encumbrances, assessments
(including, without limitation, assessments of Taxes), Taxes, costs, fees
(including, without limitation, legal fees and disbursements) expenses, losses
(including, without limitation, loss of profit or revenue), liabilities, damages
(including, without limitation, indirect, special, consequential and punitive
damages or damages for pure economic loss) of any nature whatsoever, directly or
indirectly incurred or suffered by any of them as a result of, in connection
with or arising from, directly or indirectly, implementation of the Purchasing
Parties' Pre-Closing Reorganization Steps or the unwinding or termination of the
Purchasing Parties' Pre-Closing Reorganization Steps should Closing not occur.
The obligations of the Purchasing Parties set forth in this Section 4.06 shall,
notwithstanding any other provision of this Agreement to the contrary, survive
completion or termination of this Agreement and the transactions contemplated
hereby and shall continue in full force and effect for the benefit of the Vendor
and its Affiliates, Hollinger International and its Affiliates, the Corporation
and the Subsidiaries indefinitely. To the extent that any of the Purchasing
Parties' Pre-Completion Reorganization Steps contemplate or require the
establishment of any corporate entity, those entities shall be unlimited
liability companies established under the laws of the Province of Nova Scotia
only.

4.07 HOLLINGER PRE-CLOSING REORGANIZATION STEPS

          Notwithstanding any other provision of this Agreement, the Vendor and
Hollinger International may, at any time and upon notice thereof being provided
to the Purchasing Parties by the Vendor prior to the Time of Closing, implement
the Hollinger Pre-Closing Reorganization Steps set out in Schedule 4.07.

<PAGE>

                                      -21-

                             ARTICLE 5 - CONDITIONS

5.01 CONDITIONS TO OBLIGATIONS OF EACH PARTY

     (1) The respective obligations of each Party to effect the transactions
contemplated hereby is subject to the following conditions having been satisfied
or met on or prior to the Closing, any or all of which may be waived by
agreement of the Vendor, Glacier and the Purchaser, in whole or in part, to the
extent permitted by Applicable Law:

     (a)  no court or Governmental Entity of competent jurisdiction shall have
          enacted, issued, promulgated, enforced or entered any statute, rule,
          regulation, executive order, decree, judgment, injunction or other
          order (whether temporary, preliminary or permanent), in any case which
          is in effect or be pending and which prevents or prohibits, or will
          prevent or prohibit if then pending, consummation of the transactions
          contemplated hereby; provided, however, that each of the Parties shall
          use its commercially reasonable efforts to cause any such executive
          order, decree, judgment, injunction or other order to be vacated or
          lifted;

     (b)  all Filings and Consents that are listed in Schedule 5.01(1)(b) shall
          have been duly made or obtained;

     (c)  completion of the sale by the Vendor of all of the shares of 3120575
          Nova Scotia Company held by it to Glacier or a wholly-owned
          subsidiary; and

     (d)  evidence of the discharge of the lien of Toronto Dominion (Texas),
          Inc. against the Vendor insofar as it relates to the Shares or an
          acceptable undertaking to do so.

5.02 CONDITIONS FOR THE BENEFIT OF THE PURCHASER AND GLACIER

     (1) The sale by the Vendor and the purchase by the Purchaser of the Shares
is subject to the following conditions which are for the exclusive benefit of
the Purchaser and Glacier to be performed or complied with at or prior to the
Time of Closing:

     (a)  the representations and warranties of the Vendor set forth in Section
          3.01 shall be true and correct in all material respects at the Time of
          Closing with the same force and effect as if made at and as of such
          time (except for representations and warranties that are made as of a
          specific date, which shall be true and correct in all material
          respects as of that date);

     (b)  the Vendor shall have performed or complied in all material respects
          with all of the terms, covenants and conditions of this Agreement to
          be performed or complied with by the Vendor at or prior to the Time of
          Closing;

     (c)  the Vendor shall have delivered to the Purchaser and Glacier a
          certificate executed on its behalf by its duly authorized officer
          certifying that the conditions set forth in Sections 5.02(1)(a) and
          (b) hereof have been satisfied;

<PAGE>

                                      -22-

     (d)  the Purchaser and Glacier shall have received a certificate of the
          Vendor and Hollinger International certifying that all existing
          indebtedness of the Corporation to Hollinger International or any of
          its Affiliates has been repaid in full;

     (e)  the Purchaser shall have received a certificate of the Vendor
          certifying that the Great West Agreement has been terminated in
          respect of the Vendor and that the Corporation currently owes no
          amounts to Hollinger International or any of its Affiliates thereunder
          or under any management agreement;

     (f)  the Purchaser shall have been furnished with the documents referred to
          in Section 2.02(2) at or prior to the Time of Closing; and

     (g)  all necessary corporate steps and proceedings shall have been taken to
          permit the Shares to be duly and transferred to and registered in the
          name of the Purchaser.

5.03 CONDITIONS FOR THE BENEFIT OF THE VENDOR

     (1) The sale by the Vendor and the purchase by the Purchaser of the Shares
is subject to the following conditions which are for the exclusive benefit of
the Vendor to be performed or complied with at or prior to the Time of Closing:

     (a)  the representations and warranties of the Purchaser set forth in
          Section 3.03 and of Glacier set forth in Section 3.05 shall be true
          and correct in all material respects at the Time of Closing with the
          same force and effect as if made at and as of such time (except for
          representations and warranties that are made as of a specific date,
          which shall be true and correct in all material respects as of such
          date);

     (b)  the Purchaser and Glacier shall have performed or complied in all
          material respects with all of the terms, covenants and conditions of
          this Agreement to be performed or complied with by the Purchaser and
          Glacier at or prior to the Time of Closing;

     (c)  the Purchaser and Glacier shall have delivered to the Vendor a
          certificate executed on their behalf by its duly authorized officers
          certifying that the conditions set forth in Sections 5.03(1)(a) and
          (b) have been satisfied; and

     (d)  the Vendor shall have been furnished the documents referred to in
          Section 2.02(3).

                          ARTICLE 6 - INDEMNIFICATION

6.01 INDEMNIFICATION

     (1) If the Closing shall occur, and subject to the provisions of this
Article 6, the Vendor hereby agrees to indemnify and hold harmless the
Purchasing Parties against and from any and all Losses incurred by the
Purchasing Parties as a result of:

<PAGE>

                                      -23-

     (a)  the failure of any representation or warranty of the Vendor or
          Hollinger International contained in this Agreement to be true and
          correct as of the date made, except that the Vendor shall not be
          required to indemnify or save harmless a Purchasing Party in respect
          of any such failure unless the Purchasing Party shall have provided
          notice to the Vendor in accordance with Section 6.01(7) on or prior to
          the expiration of the applicable time period related to that
          representation and warranty set out in Section 3.02; and

     (b)  any breach or non-performance by the Vendor of any covenant or other
          obligation to be performed by it that is contained in this Agreement.

     (2) Subject to the provisions of this Article 6, each Purchasing Party
shall indemnify, defend and save harmless the Vendor from any and all Losses
suffered or incurred by the Vendor as a result of:

     (a)  the failure of any representation or warranty of the Purchasing Party
          contained in this Agreement to be true and correct, except that a
          Purchasing Party shall not be required to indemnify or save harmless
          the Vendor in respect of any such failure unless the Vendor shall have
          provided notice to the Purchasing Party in accordance with Section
          6.01(7) on or prior to the expiration of the applicable time period
          for that representation and warranty set out in Section 3.04 or
          Section 3.06, as the case may be; and

     (b)  any breach or non-performance by that Purchasing Party of any covenant
          or other obligation to be performed by it that is contained in this
          Agreement.

     (3) The Vendor shall not be required to indemnify either Purchasing Party,
and no Purchasing Party shall be entitled to recover from the Vendor, any amount
for any claims described in Section 6.01(1) including any certificate delivered
hereunder in respect thereof (collectively, "Representation and Warranty
Losses"), until and unless the amount which the Purchasing Party is entitled to
recover in respect of such Losses exceeds, in the aggregate, $150,000 (the
"Deductible"), following which, subject to this Article 6 (including paragraphs
(4) (5) and (6) below), the entire amount which the Purchasing Party is entitled
to recover in respect of such Losses, less the Deductible, shall be payable.

     (4) Any and all Representation and Warranty Losses that involve Losses of
less than $25,000 shall not be entitled to indemnification under this Section
6.01 and shall not be counted toward satisfaction of the Deductible.

     (5) The maximum aggregate amount recoverable by the Purchasing Parties, in
the aggregate, for any and all Representation and Warranty Losses (other than
Representation and Warranty Losses relating to breaches or inaccuracies of the
Vendor's representation and warranties in Section 3.01(1)(a) or 3.01(1)(d)
("Title Representation and Warranty Losses")) shall (inclusive of all legal fees
and disbursements) not, in any event, exceed $650,000 and in no event shall the
Vendor be liable for any amount in excess thereof and the maximum aggregate
amount recoverable by the Purchasing Parties, in the aggregate, for any and all
Title Representation and Warranty Losses shall (inclusive of all legal fees and
disbursements) not, in any event, exceed an amount equal to 100% of

<PAGE>

                                      -24-

the Purchase Price and in no event shall the Vendor be liable for any amount in
excess thereof. The maximum amount recoverable by the Vendor from the Purchasing
Parties in respect of all Losses incurred by the Vendor pursuant to claims
described in Section 6.01(2) including any certificate delivered hereunder in
respect thereof shall (inclusive of all legal fees and disbursements) not, in
any event, exceed $650,000 and in no event shall the Purchasing Parties shall be
liable for any amount in excess thereof.

     (6) The maximum aggregate amount recoverable, in the aggregate, from the
Vendor in respect of all Losses incurred by the Purchasing Parties and the
Indemnity Subsidiaries (including, without limitation, Representation and
Warranty Losses, Title Representation and Warranty Losses, Losses under the
Publication Status Indemnity and Losses any other document or agreement
contemplated hereby or otherwise) shall be an amount equal to 100% of the
Purchase Price (inclusive of all legal fees and disbursements) and in no event
shall the Vendor be liable for any Losses in excess of such amount.

     (7) The following procedures shall apply to claims for indemnification
under this Article 6:

     (a)  In the event that a Party shall incur or suffer any Losses (or shall
          reasonably anticipate that it shall suffer any Losses), in respect of
          which indemnification may be sought by such Party (an "Indemnified
          Party") pursuant to the provisions of this Article 6 from another
          Party (each, an "Indemnifying Party"), the Indemnified Party shall
          promptly submit to the Indemnifying Party an Indemnification Notice
          stating the nature and basis of such claim including a description in
          reasonable detail of the facts giving rise to the claim for
          indemnification hereunder and (if known) the amount or the method of
          computation of the amount of such claim, and a reference to the
          provisions of this Agreement upon which such claim is based; provided,
          however, that the failure of the Indemnified Party to give the
          Indemnification Notice promptly shall not relieve the Indemnifying
          Party of any liability that the Indemnifying Party may have to the
          Indemnified Party, except to the extent that the Indemnifying Party is
          prejudiced thereby. In the case of Losses arising by reason of any
          third-party claim, the Indemnification Notice shall be given within
          thirty (30) days of the filing or other written assertion of any such
          claim against the Indemnified Party, but the failure of the
          Indemnified Party to give the Indemnification Notice within such time
          period shall not relieve the Indemnifying Party of any liability that
          the Indemnifying Party may have to the Indemnified Party, except to
          the extent that the Indemnifying Party is prejudiced thereby.
          Thereafter, the Indemnified Party shall deliver to the Indemnifying
          Party, within ten (10) calendar days after the Indemnified Party's
          receipt thereof, copies of all notices and documents (including court
          papers) received by the Indemnified Party relating to the third-party
          claim. Notwithstanding the foregoing, should a Person be served with a
          complaint with regard to a third-party claim, the Indemnified Party
          must notify the Indemnifying Party with a copy of the complaint within
          ten (10) calendar days after receipt thereof and shall deliver to the
          Indemnifying Party within ten (10) calendar days after the receipt of
          such complaint copies of notices and documents (including court
          papers) received by the Indemnified Party relating to the third-party
          claim (or in each case such earlier

<PAGE>

                                      -25-

          time as may be necessary to enable the Indemnifying Party to respond
          to the court proceedings on a timely basis); provided, however, that
          failure to do so shall not relieve the Indemnifying Party of any
          liability that it may have to the Indemnified Party, except to the
          extent that the Indemnifying Party is prejudiced thereby.

     (b)  The Indemnified Party shall provide to the Indemnifying Party on
          request all information and documentation in the Indemnified Party's
          possession: (i) that is not privileged and is reasonably necessary;
          and (ii) that is critical (whether or not privileged), in each case,
          to support and verify any Losses which the Indemnified Party believes
          give rise to a claim for indemnification hereunder and shall give the
          Indemnifying Party access to all books, records and personnel in the
          possession or under the control of the Indemnified Party which would
          have bearing on such claim.

     (c)  In the case of third-party claims with respect to which an
          Indemnification Notice is given, the Indemnifying Party shall have the
          option at its own expense: (i) to conduct any proceedings or
          negotiations in connection therewith; (ii) to take all other steps to
          settle or defend any such claim; and (iii) to employ counsel of the
          Indemnifying Party's choosing and approved by the Indemnified Party
          acting reasonably to contest any such claim in the name of the
          Indemnified Party or otherwise. The Indemnifying Party may not
          compromise or settle any claim without the Indemnified Party's prior
          written consent, which may not be unreasonably withheld or delayed.
          Should the Indemnifying Party provide written notice of its desire to
          settle any third party claim but the Indemnified Party does not
          provide consent within a reasonable period of time, the Indemnified
          Party shall be responsible for any incremental costs and expenses
          incurred beyond the proposed settlement amount. The Indemnified Party
          shall be entitled to participate at its own expense and by its own
          counsel in any proceedings relating to any third-party claim. The
          Indemnifying Party shall, within twenty (20) days of receipt of the
          Indemnification Notice, notify the Indemnified Party of its intention
          to assume the defense of any such claim. Until the Indemnified Party
          has received notice of the Indemnifying Party's election whether to
          defend any such claim, the Indemnified Party shall take reasonable
          steps to defend (but may not settle) such claim. If the Indemnifying
          Party shall decline to assume the defense of any such claim, or shall
          fail to notify the Indemnified Party within twenty (20) days after
          receipt of the Indemnification Notice of the Indemnifying Party's
          election to defend such claim or fails to diligently defend such claim
          after electing to assume conduct, the Indemnified Party shall defend
          such claim but may not settle such claim without the advance written
          consent of the Indemnifying Party (which consent shall not be
          unreasonably withheld or delayed). Should the Indemnified Party
          provide notice of its desire to settle such claim but the Indemnifying
          Party does not provide consent within a reasonable period of time, the
          Indemnifying Party shall be responsible for any incremental costs and
          expenses incurred beyond the proposed settlement amount. The expenses
          of all proceedings, contests or lawsuits in respect of any such claims
          (other than those incurred by the Indemnified Party which are referred
          to in the third and fourth sentences of this subparagraph (c)) shall
          be borne by the

<PAGE>

                                      -26-

          Indemnifying Party but only if the Indemnifying Party is responsible
          pursuant hereto to indemnify the Indemnified Party in respect of such
          claim and, if applicable, only to the extent required by this Section
          6.01(7). Regardless of which Party shall assume the defense of the
          claim, the Parties agree to cooperate fully with one another in
          connection therewith.

     (8) Nothing in this Section 6.01 shall be construed as a limitation on the
Indemnifying Party's right to contest in good faith whether the Indemnified
Party is entitled to indemnification pursuant to this Section 6.01 with respect
to a particular claim. The Indemnified Party shall have the burden of proof in
establishing the existence of a claim for indemnification under this Agreement
and the amount of Losses suffered by it.

     (9) The indemnification provided for in this Section 6.01 shall be the sole
and exclusive remedy of the Purchasing Parties (except in the case of fraud on
the part of the Vendor), whether in contract, tort or otherwise, for all matters
arising under or in connection with this Agreement and the transactions
contemplated hereby, including, without limitation, for any inaccuracy or breach
of any representation, warranty, covenant or agreement set forth herein and the
Purchasing Parties hereby irrevocably waive and release any rights to take
action, institute proceedings or make any claims of any nature whatsoever
against the Vendor (or Hollinger International) or their respective Affiliates
except pursuant to such indemnification provisions. The indemnification provided
for in this Section 6.01 shall be the sole and exclusive remedy of the Vendor
(except in the case of fraud on the part of either of the Purchasing Parties),
whether in contract, tort or otherwise, for all matters arising under or in
connection with this Agreement with respect to the breach of any representation
or warranty set forth herein.

     (10) Notwithstanding anything contained herein to the contrary, the amount
of any Losses incurred or suffered by an Indemnified Party shall be calculated
after giving effect to: (i) any insurance proceeds received by or otherwise
payable to the Indemnified Party (or any of its Affiliates) with respect to such
Losses (collectively, "Insurance Benefits"); and (ii) any recoveries obtained by
the Indemnified Party (or any of its Affiliates) from any party other than the
Indemnifying Party. Each Indemnified Party shall exercise commercially
reasonable efforts to obtain such proceeds, benefits and recoveries. If any such
proceeds, benefits or recoveries are received by an Indemnified Party (or any of
its Affiliates) with respect to any Losses after an Indemnifying Party has made
a payment to the Indemnified Party with respect thereto, the Indemnified Party
(or such Affiliate) shall pay to the Indemnifying Party the amount of such
proceeds, benefits or recoveries (up to the amount of the Indemnifying Party's
payment). With respect to any Losses incurred or suffered by an Indemnified
Party, no liability shall attach to the Indemnifying Party in respect of any
Losses to the extent that the same Losses have been recovered by the Indemnified
Party and, accordingly, the Indemnified Party may only recover once in respect
of the same Loss.

     (11) Upon making any payment to an Indemnified Party in respect of any
Losses, the Indemnifying Party shall, to the extent of such payment, be
subrogated to all rights of the Indemnified Party (and its Affiliates) against
any third party in respect of the Losses to which such payment relates. Such
Indemnified Party (and its Affiliates) and Indemnifying Party shall execute upon
request all instruments reasonably necessary to evidence or further perfect such
subrogation rights. The Purchasing Parties shall use commercially reasonable
efforts to mitigate any Losses in

<PAGE>

                                      -27-

respect of which indemnification under this Agreement may be sought, whether by
asserting claims against a third party or by otherwise qualifying for a benefit
that would reduce or eliminate Losses. To the extent that any breach of any
representation or warranty contained in this Agreement or any other provision of
this Agreement is capable of remedy, the Indemnified Party shall afford the
Indemnifying Party a reasonable opportunity to remedy the matter complained of.

     (12) The liability of the Vendor in respect of any claim by the Purchasing
Parties under this Agreement shall be reduced by the amount by which any Taxes
for which the Purchasing Parties, the Corporation or any Indemnity Subsidiary is
now or in the future accountable or liable to be assessed is reduced or
extinguished as a result of the matter giving rise to such liability.

     (13) From the date hereof through the Closing Date, the Vendor shall have
the right, from time to time, to modify, amend and/or supplement the Disclosure
Letter by delivering any such modifications, amendments and/or supplements to
Glacier in writing in accordance with the terms of this Agreement. No such
supplement, amendment or modification shall be evidence, in and of itself, that
the representations and warranties in the corresponding Section are no longer
true and correct in all material respects. It is specifically agreed that the
Disclosure Letter may be modified, amended and/or supplemented to add
immaterial, as well as material, items thereto. In the event that the Vendor
provides Glacier with an amendment, supplement, or modification to the
Disclosure Letter within three Business Days prior to the date that the parties
intend to close the transaction contemplated in this Agreement, the parties
agree to extend the Closing Date for a period of three Business Days from the
date of delivery of such information, or otherwise as the parties may agree. In
the event that the amendment, supplement or modification to the Disclosure
Letter constitutes a Material Adverse Effect, then the Purchasing Parties may,
at their election within 3 Business Days of receipt, elect to terminate their
obligations to complete the transactions contemplated hereby by notice in
writing to the Vendor. For purposes of determining whether the Vendor is subject
to any claim for indemnification under this Section 6.01 following the Closing
Date for a breach of any representation or warranty under this Agreement, the
Disclosure Letter shall be deemed to include the information contained therein
on the date hereof and such other information as may be set forth in any
modification, amendment and/or supplement to the Disclosure Letter delivered by
the Vendor to Glacier pursuant to this Section 6.01(13). Disclosure of any fact
or item in the Disclosure Letter shall be deemed to constitute disclosure with
respect to each reasonably related provision of this Agreement. Neither the
specification of any dollar amount in any representation or warranty contained
in this Agreement nor the inclusion of any specific item in the Disclosure
Letter is intended to imply that such amount, or higher or lower amounts, or the
item so included or other items, are or are not material, and no party shall use
the fact of the setting forth of any such amount or the inclusion of any such
item in any dispute or controversy between the parties as to whether any
obligation, item or matter not described herein or included in the Disclosure
Letter is or is not material for purposes of this Agreement. Unless this
Agreement specifically provides otherwise, neither the specification of any item
or matter in any representation or warranty contained in this Agreement nor the
inclusion of any specific item in the Disclosure Letter is intended to imply
that such item or matter, or other items or matters, are or are not in the
Ordinary Course of business. No party shall use the fact of the setting forth or
the inclusion of any such item or matter in any dispute or controversy between
the parties as to whether any obligation, item or matter not described herein or
included in the Disclosure Letter is or is not in the Ordinary Course for
purposes of this Agreement.

<PAGE>

                                      -28-

     (14) In no event shall the Vendor be required to indemnify the Purchaser or
Glacier and the Vendor shall have no liability to the Purchaser or Glacier:

     (a)  to the extent the indemnification obligation or liability arises or is
          increased as a result of any action taken or omitted to be taken by
          the Purchaser or Glacier or any of their Affiliates (including any
          action taken or omitted to be taken by the Corporation or the
          Subsidiary on or after the Closing Date);

     (b)  for any Loss or matter to the extent resulting from a change in
          Applicable Law that becomes effective after the Closing Date;

     (c)  for any Loss or matter to the extent arising from a change in the
          accounting policies or practices of the Corporation or any Subsidiary
          after the Closing; or

     (d)  to the extent that the Vendor is unable to challenge or dispute any
          claim due to the loss or destruction of any relevant Books and Records
          by the Purchasing Parties, the Corporation or the Indemnity
          Subsidiaries.

     (15) Notwithstanding anything contained herein to the contrary, the Vendor
shall have no liability for a breach of or inaccuracy in any representation or
warranty if the Purchaser or Glacier was aware, at or before the Closing Date,
of the facts as a result of which such representation or warranty was breached
or inaccurate.

     (16) Any amounts payable under Section 6.01 by Glacier, the Purchaser or
the Vendor (other than interest) shall be treated as an adjustment to the
Purchase Price.

                    ARTICLE 7 - PUBLICATION STATUS INDEMNITY

7.01 PUBLICATION STATUS INDEMNITY

     (1) The Vendor shall, if the Closing occurs, indemnify, defend and save
harmless each Indemnity Subsidiary, effective as and from the Time of Closing,
from and against Losses suffered or incurred by such Indemnity Subsidiary as a
result of:

     (a)  any Funding Determination, except that the Vendor shall,
          notwithstanding anything in Article 6 to the contrary, in no event be
          responsible for any costs incurred by any Indemnity Subsidiary in
          responding to a potential or actual Funding Determination as long as
          the Vendor is defending the claim or pursuing a settlement but if the
          Vendor ceases to do so and the Indemnity Subsidiary determines for
          bona fide reasons to pursue the claim, the Vendor shall be responsible
          for the fees and expenses of one set of counsel in respect of such
          claim; and

     (b)  any Section 19 Claim, except that the Vendor shall, notwithstanding
          anything in Article 6 to the contrary, in no event be responsible for
          any costs incurred by any Indemnity Subsidiary in respect of the
          defence or settlement of any Section 19 Claim as long as the Vendor is
          defending the claim or pursuing a settlement but if

<PAGE>

                                      -29-

          the Vendor ceases to do so and the Indemnity Subsidiary determines for
          bona fide reasons to pursue the claim, the Vendor shall be responsible
          for the fees and expenses of one set of counsel in respect of such
          claim.

     (2) The Vendor shall, if the Closing occurs, indemnify, defend and save
harmless Jamison, effective as and from the Time of Closing, from and against
Losses suffered or incurred by Jamison as a result of the Vue Claims, except
that the Vendor shall, notwithstanding anything in Article 6 to the contrary, in
no event be responsible for any costs incurred by Jamison in respect of the
defence or settlement of any Vue Claims as long as the Vendor is defending the
claim or pursuing a settlement but if the Vendor ceases to do so and Jamison
determines for bona fide reasons to pursue the claim, the Vendor shall be
responsible for the fees and expenses of one set of counsel in respect of such
claim.

     (3) The Publication Status Indemnity shall be the sole remedy of Glacier,
the Purchaser, Jamison and any Indemnity Subsidiary for any Losses in respect of
any matter related to the matters addressed by the Publication Status Indemnity
and Glacier, the Purchaser, Jamison and each Indemnity Subsidiary hereby
irrevocably waive and release any rights to take action, institute proceedings
or make any claim of any nature whatsoever against the Vendor in connection with
the Publication Status Indemnity pursuant to any other provision of this
Agreement or otherwise. The Publication Status Indemnity will expire on the
sixth anniversary of the Closing Date.

     (4) The Purchaser, and its successors in interest, shall hold the
Publication Status Indemnity in trust for the benefit of the Indemnity
Subsidiaries subject to the qualifications and limitations of this Agreement.

7.02 CLAIMS PROCESS AND LIMITS

          The provisions of Sections 6.01(7), 6.01(8), 6.01(9), 6.01(10),
6.01(11), 6.01(12), 6.01(14) and 6.01(16) shall apply, mutatis mutandis, to the
Publication Status Indemnity.

                            ARTICLE 8 - TERMINATION

8.01 TERMINATION

          This Agreement may be terminated at any time prior to the Closing
Date:

     (1) by mutual written agreement of the Vendor, Glacier and the Purchaser;
or

     (2) by written notice by either the Vendor, Glacier or the Purchaser, by
the terminating Party to the other Parties, if:

     (a)  the transactions contemplated hereby shall not have been consummated
          by 5:00 p.m., (Toronto time) on December 31, 2005 (the "End Date"),
          subject to the right of the Vendor, in its sole discretion, to extend
          the End Date to such time on a date on or prior to January 31, 2006 by
          notice in writing to the Purchaser and Glacier, in which case the End
          Date shall be such time on such date; provided, however, that the
          right to terminate this Agreement under this Section 8.01(2)(a)shall
          not be
<PAGE>

                                      -30-

          available to any Party whose breach of any provision of this Agreement
          has resulted in the failure of the transactions contemplated hereby to
          occur on or before the End Date; or

     (b)  there shall be any Applicable Law that makes consummation of all of
          the transactions contemplated hereby illegal or otherwise prohibited
          or any judgment, injunction, order or decree of any Governmental
          Entity having competent jurisdiction enjoining the Purchaser or the
          Vendor from consummating all of the transactions contemplated hereby
          is entered and such judgment, injunction, order or decree shall have
          become final and non-appealable and, prior to such termination, the
          Parties shall have used their respective commercially reasonable best
          efforts to resist, resolve or lift, as applicable, such judgment,
          injunction, order or decree; or

     (c)  by written notice from the Purchaser, if a breach of any
          representation, warranty, covenant or agreement on the part of the
          Vendor set forth herein shall have occurred, is not cured within
          thirty (30) days after written notice thereof from the Purchaser or
          Glacier to the Vendor, would cause the conditions set forth in Section
          5.02(1)(a) or (b) hereof not to be satisfied, and such condition shall
          be incapable of being satisfied by the End Date; or

     (d)  by written notice from the Vendor, if a breach of any representation,
          warranty, covenant or agreement on the part of the Purchaser or
          Glacier set forth herein shall have occurred, is not cured within
          thirty (30) days after written notice thereof from the Vendor to the
          Purchaser or Glacier, would cause the conditions set forth in Section
          5.03(1)(a)or (b) hereof not to be satisfied, and such condition shall
          be incapable of being satisfied by the End Date.

8.02 EFFECT OF TERMINATION

          Termination of this Agreement pursuant to Section 8.01 hereof shall
terminate all rights and obligations of the Parties hereunder and this Agreement
shall become void and have no force or effect. Upon such termination, none of
the Parties shall have any liability to the other Parties hereunder.
Notwithstanding the foregoing, no Party shall be relieved from any liability for
any breach of any of its covenants or agreements in this Agreement prior to such
termination.

                               ARTICLE 9 - GENERAL

9.01 FURTHER ASSURANCES

          Each of the Vendor, Glacier and the Purchaser shall from time to time
execute and deliver all such further documents and instruments and do all acts
and things as the other party may, either before or after the Closing Date,
reasonably require to effectively carry out or better evidence or perfect the
full intent and meaning of this Agreement.

<PAGE>

                                      -31-

9.02 TIME OF THE ESSENCE

          Time shall be of the essence of this Agreement.

9.03 COMMISSIONS

          Each of the Vendor, the Purchaser and Glacier shall indemnify and save
harmless the other from and against any claims whatsoever for any commission,
brokers fees, finders fees or other similar remuneration payable or alleged to
be payable to any Person by the Party providing the indemnity in respect of the
sale and purchase of the Shares.

9.04 CONFIDENTIALITY AND PUBLIC ANNOUNCEMENTS

          No Party shall make any public announcement or press releases
concerning, or otherwise disclose the existence or the contents of, this
Agreement without the prior written consent of the other except as required by
Applicable Law, stock exchange regulation or, in the case of the Vendor and its
Affiliates (including the Corporation and the Subsidiary) the terms of any
Contract in effect on the date hereof or, in the case of the Purchasing Parties,
communications to the customers, employers and suppliers of the Corporation and
the Subsidiary following the Closing Date of the fact of the completion of the
transaction.

9.05 BENEFIT OF THE AGREEMENT

          This Agreement shall enure to the benefit of and be binding upon the
respective heirs, executors, administrators, successors and permitted assigns of
the Parties, including the Limited Partnership and each successor in interest of
the Vendor (including Hollinger Canadian Publishing Holdings Co.).

9.06 ENTIRE AGREEMENT

          This Agreement (together with the Schedules and the Disclosure Letter)
constitutes the entire agreement between the Parties with respect to the subject
matter hereof and cancels and supersedes any prior understandings and agreements
between the Parties with respect thereto (including the Letter of Intent). There
are no representations, warranties, terms, conditions, undertakings or
collateral agreements, express, implied or statutory, between the parties other
than as expressly set forth in this Agreement.

9.07 AMENDMENTS AND WAIVER

          No modification of or amendment to this Agreement shall be valid or
binding unless set forth in writing and duly executed by both of the parties
hereto and no waiver of any breach of any term or provision of this Agreement
shall be effective or binding unless made in writing and signed by the party
purporting to give the same and, unless otherwise provided, shall be limited to
the specific breach waived.

<PAGE>

                                      -32-

9.08 ASSIGNMENT

          This Agreement may not be assigned by any Party without the prior
written consent of the other Parties.

9.09 NOTICES

          Any demand, notice or other communication to be given in connection
with this Agreement shall be given in writing and shall be given by personal
delivery, by registered mail or by electronic means of communication addressed
to the recipient as follows:

          To the Vendor:

          c/o Hollinger International Inc.
          712 Fifth Avenue
          New York, New York
          10019

          Facsimile No.: (212) 586-0010

          Attention: General Counsel

          With a copy to:

          McCarthy Tetrault LLP
          Suite 4700, 66 Wellington Street West
          TD Bank Tower, TD Centre
          Toronto, Ontario
          M5K 1E6

          Facsimile No.: (416) 868-0673

          Attention: David A. Judson

          To Glacier:

          Glacier Ventures International Corp.
          1970 Alberta Street
          Vancouver, British Columbia
          V5Y 3X4

          Facsimile No.: (604) 879-1483

          Attention: Jonathan Kennedy

<PAGE>

                                      -33-

          With a copy to:

          Farris, Vaughan, Wills & Murphy LLP
          P.O. Box 10026, 700 W. Georgia Street
          Vancouver, British Columbia
          V7Y 1B3

          Facsimile No.: (604) 661-9349

          Attention: Elizabeth Harrison

          To Hollinger International:

          712 Fifth Avenue
          New York, New York
          10019

          Facsimile No.: (212) 586-0010

          Attention: General Counsel

          With a copy to:

          McCarthy Tetrault LLP
          Suite 4700, 66 Wellington Street West
          TD Bank Tower, TD Centre
          Toronto, Ontario
          M5K 1E6

          Facsimile No.: (416) 868-0673

          Attention: David A. Judson

          To the Purchaser:

          6490239 Canada Inc.
          25 Chisolm Avenue
          St. Albert, Alberta
          T8N 5A5

          Facsimile No.: (780) 460-8813

          Attention: President

<PAGE>

                                      -34-

          With a copy to:

          Bishop & McKenzie LLP
          2500, 10104-103 Avenue
          Edmonton, Alberta
          T5J 1V3

          Facsimile No.: (780) 426-1305

          Attention: Norbert Broda

or to such other address, individual or electronic communication number as may
be designated by notice given by either party to the other. Any demand, notice
or other communication given by personal delivery shall be conclusively deemed
to have been given on the day of actual delivery thereof and, if given by
registered mail, on the second Business Day following the deposit thereof in the
mail and, if given by electronic communication, on the day of transmittal
thereof if given during the normal business hours of the recipient and on the
Business Day during which such normal business hours next occur if not given
during such hours on any day. If the party giving any demand, notice or other
communication knows or ought reasonably to know of any difficulties with the
postal system which might affect the delivery of mail, any such demand, notice
or other communication shall not be mailed but shall be given by personal
delivery or by electronic communication.

9.10 SEVERABILITY

          If any term or other provision of this Agreement is invalid, illegal
or incapable of being enforced by any rule of law or public policy, all other
conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any
Party. Upon such determination that any term or other provision is invalid,
illegal or incapable of being enforced, the Parties shall negotiate in good
faith to modify this Agreement so as to effect the original intent of the
Parties as closely as possible in an acceptable manner to the end that
transactions contemplated hereby are fulfilled to the extent possible.

9.11 PARTIES IN INTEREST

          This Agreement shall be binding upon, inure solely to the benefit of
and be enforceable by each Party and their respective successors and assigns
hereto, and nothing in this Agreement, express or implied, is intended to or
shall confer upon any other Person (including, without limitation, any lenders
to the Purchasing Parties) other than the Parties any right, benefit or remedy
of any nature whatsoever under or by reason of this Agreement.

9.12 EXPENSES

          Except as otherwise expressly set forth in this Agreement all fees and
expenses incurred in connection herewith and the transactions contemplated
hereby shall be paid by the Party incurring such expenses, whether or not the
transactions contemplated hereby are consummated. Notwithstanding the foregoing
or anything to the contrary contained herein, in the event that any

<PAGE>

                                      -35-

dispute among the Parties results in litigation, arbitration, mediation or any
other contest, the prevailing party in such dispute shall be entitled to recover
from the losing party all fees, costs and expenses of enforcing any right of
such prevailing party with respect to this Agreement, including, without
limitation, reasonable attorney's fees and expenses.

9.13 GOVERNING LAW; ATTORNMENT

          This Agreement shall be governed by, and construed in accordance with,
the law of the Province of Alberta and the laws of Canada applicable therein.
For the purposes of all legal proceedings, this Agreement shall be deemed to
have been performed in the Province of Alberta and the courts of the Province of
Alberta shall have jurisdiction to entertain any action arising under this
Agreement. Each of the Parties hereby irrevocably and unconditionally attorn to
the exclusive jurisdiction of the courts of the Province of Alberta located in
the City of Edmonton, for any litigation arising out of or relating to this
Agreement and the transactions contemplated hereby, and further agrees that
service of any process, summons, notice or document by Canadian registered mail
to its respective address set forth herein shall be effective service of process
for any litigation brought against it in any such court. It is understood and
agreed that upon service of an originating process by registered mail as
provided herein, the solicitors for the plaintiffs in the action may accept
service of the Statement of Claim on behalf of the solicitors for the defendants
in the action, effective on the fifth day following mailing of the Statement of
Claim, and may thereafter take whatever steps are permitted under the Alberta
Rules of Civil Procedure in respect of an originating process for which service
has been accepted by a solicitor. Each of the Parties hereby irrevocably and
unconditionally waives any objection to the laying of venue of any litigation
arising out of this Agreement and the transactions contemplated hereby in the
courts of the Province of Alberta, and hereby further irrevocably and
unconditionally waives and agrees not to plead or claim in any such court that
any such litigation brought in any such court has been brought in an
inconvenient forum.

9.14 COUNTERPARTS; FACSIMILE

          This Agreement may be executed and delivered in one or more
counterparts and via facsimile, and by the Parties in separate counterparts,
each of which when executed and delivered shall be deemed to be an original but
all of which taken together shall constitute one and the same agreement.

9.15 WAIVER

          Subject to the limitations contained in this Agreement, the failure of
a party to require performance of any provision hereof shall not affect its
right at a later time to enforce the same. No waiver by a party of any term,
covenant, representation or warranty contained herein shall be effective unless
in writing. No such waiver in any one instance shall be deemed a further or
continuing waiver of any such term, covenant, representation or warranty in any
other instance.

9.16 DISCLAIMER

          The Vendor disclaims any representations or warranties except as
specifically set forth in this Agreement. In particular, the Vendor disclaims
any representation or warranty, and the Purchasing Parties agree that the Vendor
shall not have any liability, with respect to any information concerning the
Vendor, the Corporation, and the Subsidiaries not expressly represented and

<PAGE>

                                      -36-

warranted to in this Agreement, including, without limitation, any information
regarding the Vendor, the Corporation, and the Subsidiaries provided at any
management presentation related to the transactions contemplated by this
Agreement.

9.17 WAIVER OF JURY TRIAL

          Each Party hereby waives to the fullest extent permitted by Applicable
Law, any right it may have to a trial by jury in respect of any litigation
directly or indirectly arising out of, under or in connection with this
Agreement or any transaction contemplated hereby.

<PAGE>

                                      -37-

     IN WITNESS WHEREOF the parties have executed this Agreement.

                                        GLACIER VENTURES INTERNATIONAL CORP.

                                        Per:
                                             -----------------------------------
                                             Name:
                                                   -----------------------------
                                             Title:
                                                    ----------------------------

                                        Per:
                                             -----------------------------------
                                             Name:
                                                   -----------------------------
                                             Title:
                                                    ----------------------------

                                        HCPH CANADIAN NEWSPAPER HOLDINGS CO.

                                        Per:
                                             -----------------------------------
                                             Name:
                                                   -----------------------------
                                             Title:
                                                    ----------------------------

                                        HOLLINGER INTERNATIONAL INC.

                                        Per:
                                             -----------------------------------
                                             Name:
                                                   -----------------------------
                                             Title:
                                                    ----------------------------

                                        6490239 CANADA INC.

                                        Per:
                                             -----------------------------------
                                             Name:
                                                   -----------------------------
                                             Title:
                                                    ----------------------------

                                        Per:
                                             -----------------------------------
                                             Name:
                                                   -----------------------------
                                             Title:
                                                    ----------------------------

<PAGE>

                                      -38-

                                        JAMISON NEWSPAPERS INC.

                                        Per:
                                             -----------------------------------
                                             Name:
                                                   -----------------------------
                                             Title:
                                                    ----------------------------

                                        Per:
                                             -----------------------------------
                                             Name:
                                                   -----------------------------
                                             Title:
                                                    ----------------------------

<PAGE>

                                SCHEDULE 1.01(M)

                                DISCLOSURE LETTER

<PAGE>

                                  SCHEDULE 4.05

                         INDEMNITY COOPERATION AGREEMENT

<PAGE>

                                  SCHEDULE 4.07

              PURCHASING PARTIES' PRE-CLOSING REORGANIZATION STEPS

<PAGE>

                                  SCHEDULE 4.08

                   HOLLINGER PRE-CLOSING REORGANIZATION STEPS

<PAGE>

                               SCHEDULE 5.01(1)(C)

                              CONSENTS AND FILINGS<PAGE>

                                                                   Exhibit 10.32

================================================================================

                            SHARE PURCHASE AGREEMENT

                                     BETWEEN

                      GLACIER VENTURES INTERNATIONAL CORP.

                                       AND

                      HCPH CANADIAN NEWSPAPER HOLDINGS CO.

                                       AND

                          HOLLINGER INTERNATIONAL INC.

                                   MADE AS OF

                                DECEMBER 19, 2005

                  SALE OF SHARES OF 3120575 NOVA SCOTIA COMPANY

================================================================================

                              MCCARTHY TETRAULT LLP

<PAGE>

                                TABLE OF CONTENTS

                            SHARE PURCHASE AGREEMENT

<TABLE>
<S>                                                                           <C>
ARTICLE 1 - INTERPRETATION.................................................    2
    1.01    Definitions....................................................    2
    1.02    Knowledge......................................................    6
    1.03    Headings.......................................................    6
    1.04    Extended Meanings..............................................    6
    1.05    Accounting Principles..........................................    7
    1.06    Currency.......................................................    7
    1.07    Schedules......................................................    7

ARTICLE 2 - PURCHASE AND SALE..............................................    7
    2.01    Purchase and Sale and Purchase Price...........................    7
    2.02    Closing and Deliverables.......................................    7
    2.03    Guarantee......................................................    8
    2.04    Taxes..........................................................    8

ARTICLE 3 - REPRESENTATIONS AND WARRANTIES.................................    9
    3.01    Vendor's Representations and Warranties........................    9
    3.02    Survival of Vendor's and Hollinger International's
            Representations, Warranties and Covenants......................   12
    3.03    Purchaser's Representations and Warranties.....................   13
    3.04    Survival of Purchaser's Representations, Warranties
            and Covenants..................................................   14
    3.05    Investigation..................................................   14
    3.06    No Inducement or Reliance; Independent Assessment..............   14
    3.07    Release........................................................   14

ARTICLE 4 - COVENANTS......................................................   15
    4.01    Appropriate Action; Consents; Filings..........................   15
    4.02    Preservation of Books and Records..............................   16
    4.03    Tax Matters....................................................   16
    4.04    Mail; Payments.................................................   17
    4.05    Hollinger Pre-Closing Reorganization Steps.....................   17

ARTICLE 5 - CONDITIONS.....................................................   17
    5.01    Conditions to Obligations of Each Party........................   17
    5.02    Conditions for the Benefit of the Purchaser....................   18
    5.03    Conditions for the Benefit of the Vendor.......................   19
</TABLE>

<PAGE>

                                      -ii-

<TABLE>
<S>                                                                          <C>
ARTICLE 6 - INDEMNIFICATION................................................   19
    6.01    Indemnification................................................   19

ARTICLE 7 - TERMINATION....................................................   25
    7.01    Termination....................................................   25
    7.02    Effect of Termination..........................................   26

ARTICLE 8 - GENERAL........................................................   26
    8.01    Further Assurances.............................................   26
    8.02    Time of the Essence............................................   26
    8.03    Commissions....................................................   27
    8.04    Confidentiality and Public Announcements.......................   27
    8.05    Benefit of the Agreement.......................................   27
    8.06    Entire Agreement...............................................   27
    8.07    Amendments and Waiver..........................................   27
    8.08    Assignment.....................................................   27
    8.09    Notices........................................................   27
    8.10    Severability...................................................   30
    8.11    Parties in Interest............................................   30
    8.12    Expenses.......................................................   30
    8.13    Governing Law; Attornment......................................   30
    8.14    Counterparts; Facsimile........................................   31
    8.15    Waiver.........................................................   31
    8.16    Disclaimer.....................................................   31
    8.17    Waiver of Jury Trial...........................................   31
</TABLE>
<PAGE>

                            SHARE PURCHASE AGREEMENT

          THIS AGREEMENT made as of the 19th day of December, 2005;

BETWEEN:

               GLACIER VENTURES INTERNATIONAL CORP., a corporation incorporated
               under the laws of Canada or a nominee thereof (hereinafter
               collectively referred to as the "Purchaser"),

                                                              OF THE FIRST PART,

                                     - and -

               HCPH CANADIAN NEWSPAPER HOLDINGS CO., a corporation incorporated
               under the laws of Nova Scotia, and any successor in interest
               thereto (hereinafter referred to, in either case, as the
               "Vendor"),

                                                             OF THE SECOND PART,

                                     - and -

               HOLLINGER INTERNATIONAL INC., a corporation governed by the laws
               of the State of Delaware (hereinafter referred to as "Hollinger
               International"),

                                                              OF THE THIRD PART.

          WHEREAS the Vendor is the beneficial and registered owner of all of
the outstanding common shares (the "Shares") of 3120575 Nova Scotia Company (the
"Corporation"), a corporation incorporated under the laws of Nova Scotia;

          AND WHEREAS the Corporation is the beneficial and registered owner of
62 common shares (the "Fundata Shares") of Fundata Canada Inc. ("Fundata");

          AND WHEREAS the Vendor desires to sell and the Purchaser desires to
purchase the Shares upon and subject to the terms and conditions hereinafter set
forth;

          NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the
respective representations, warranties, covenants and agreements contained
herein, the parties hereto agree as follows:

<PAGE>

                                      -2-

                           ARTICLE 1 - INTERPRETATION

1.01 DEFINITIONS

          In this Agreement, unless something in the subject matter or context
is inconsistent therewith:

     (a)  "Affiliate", with respect to the relationship between two or more
          corporations, has the meaning attributed to "affiliated bodies
          corporate" under the Canada Business Corporations Act as of the date
          of this Agreement and, with respect to the relationship between two or
          more Persons any of which is not a corporation, a Person is deemed to
          be an Affiliate of another Person if one of them is Controlled by the
          other or if both are Controlled by the same Person, and "Affiliated"
          has a corresponding meaning;

     (b)  "Applicable Law" means:

          (i)  any domestic or foreign statute, law (including common and civil
               law), code, ordinance, rule, regulation, restriction or by-law
               (zoning or otherwise); or

          (ii) any judgement, order, writ, injunction, decision, ruling, decree
               or award;

          of any Governmental Entity, statutory body or self regulatory
          authority to the extent only that the same is legally binding on the
          Person referred to in the context in which the term is used;

     (c)  "Agreement" means this agreement and all amendments made hereto by
          written agreement between the Vendor, Hollinger International and the
          Purchaser;

     (d)  "Benefit Plan" means all bonus, deferred compensation, incentive
          compensation, share purchase, share option, share appreciation,
          phantom share savings, profit sharing, severance or termination pay,
          health, dental or other medical life, disability or other insurance
          (whether insured or self-insured), mortgage insurance, employee loan,
          employee assistance, supplementary unemployment benefit, pension,
          retirement, supplementary retirement plan, program and every other
          benefit plan, program, agreement, arrangement or practice (whether
          written or unwritten) maintained or contributed to for the benefit of
          any of employees, former employees or their respective dependents or
          beneficiaries, but excluding the Canada Pension Plan, the Quebec
          Pension Plan, any health or drug plan established and administered by
          a Province and workers' compensation insurance provided by federal or
          provincial legislation or a comparable program established and
          administered outside Canada;

     (e)  "Books and Records" means all books, records, files and papers of the
          Corporation, including computer manuals, computer data, financial and
          Tax working papers, financial and Tax books and records, business
          reports, business plans and projections, sales and advertising
          materials, sales and purchases records and correspondence, trade
          association files, research and development records,

<PAGE>

                                      -3-

          lists of present and former customers and suppliers, personnel and
          employment records (including Benefit Plan records), minute and share
          certificate books, and all copies and recordings of the foregoing;

     (f)  "Business Day" means a day other than a Saturday, Sunday or statutory
          holiday in Ontario;

     (g)  "Closing" means the closing of the purchase and sale of the Shares
          contemplated by this Agreement;

     (h)  "Closing Date" is defined in Section 2.02(1);

     (i)  "Consent" is defined in Section 4.01(1);

     (j)  "Contract" means any agreement, contract, indenture, lease, deed of
          trust, option or other legally binding commitment or obligation in the
          nature of a contract, whether oral or written, for which there are
          continuing rights or obligations;

     (k)  "Control", with respect to the relationship with a Person, means:

          (i)  if that Person is a corporation, the holding (other than by way
               of security) of Equity Securities of that Person to which are
               attached more than 50% of the votes that may be cast for the
               election of directors and those votes are sufficient, if
               exercised, to elect a majority of the board of directors; or

          (ii) the right, directly or indirectly, to direct or cause the
               direction of the management of the affairs of that Person,
               whether by ownership of Equity Securities, by Contract or
               otherwise;

          and "Controls" and "Controlled" have corresponding meanings;

     (l)  "Corporation" means 3120575 Nova Scotia Company, a corporation
          incorporated under the laws of Nova Scotia;

     (m)  "Deductible" is defined in Section 6.01(3);

     (n)  "Disclosure Letter" means the disclosure letter of the Vendor attached
          hereto as Schedule 1.01(n);

     (o)  "Encumbrance" means any lien, pledge, charge, claim, security,
          interest, contingent sale or title retention agreement, option, deed
          of trust, mortgage, conditional sales agreement, right of first
          refusal or other right of a third party substantially equivalent
          thereto;

     (p)  "End Date" is defined in Section 7.01(2);

     (q)  "Equity Securities" means any shares of a corporation, partnership
          units or interests or similar securities;

<PAGE>

                                      -4-

     (r)  "Filing" is defined in Section 4.01(1);

     (s)  "Fundata" means Fundata Canada Inc., a corporation incorporated under
          the laws of Ontario;

     (t)  "Fundata Agreement" means the shareholder agreement dated November 21,
          1991 between Southam Business Communications Inc., HKA Data Processing
          Limited and Fundata;

     (u)  "Fundata Shares" means 62 common shares of Fundata owned by the
          Corporation;

     (v)  "GAAP" means generally accepted accounting principles in Canada,
          applicable as of date hereof and, in respect of the financial
          statements of any Person, applied on a basis consistent with those
          applied in previous periods of such Person unless otherwise required
          under GAAP;

     (w)  "Governmental Entity" means any domestic or foreign government,
          whether federal, provincial, state, territorial, local, regional,
          municipal, or other political jurisdiction, and any agency, authority,
          instrumentality, court, tribunal, board, commission, bureau,
          arbitrator, arbitration tribunal or other tribunal, or any
          quasi-governmental or other entity, insofar as it exercises a
          legislative, judicial, regulatory, administrative, expropriation or
          taxing power or function of or pertaining to government, as well as
          any stock exchange;

     (x)  "Great West" means Great West Newspaper Group Ltd.;

     (y)  "Hollinger Pre-Closing Reorganization Steps" mean the transactions
          referred to in Schedule 4.05;

     (z)  "Income", in respect of any period, means the income of the
          Corporation or Fundata as determined for purposes of the ITA for such
          period;

     (aa) "Indemnification Event" means an event, occurrence or state of affairs
          for which a Party is expressly indemnified hereunder;

     (bb) "Indemnification Notice" means a written notice in reasonable detail
          delivered by the Vendor to the Purchaser, or by the Purchaser to the
          Vendor, as applicable, stating a demand for indemnification in
          accordance with Section 6.01;

     (cc) "Indemnified Party" is defined in Section 6.01(7)(a);

     (dd) "Indemnifying Party" is defined in Section 6.01(7)(a);

     (ee) "Insurance Benefits" is defined in Section 6.01(10);

     (ff) "ITA" means the Income Tax Act (Canada), R.S.C. 1985 (5th Supp.) c. 1,
          and the regulations promulgated thereunder, as --- amended from time
          to time;

<PAGE>

                                      -5-

     (gg) "Jamison" means Jamison Newspapers Inc.;

     (hh) "Letter of Intent" means the letter agreement between Hollinger
          International and Glacier dated December 15, 2005 in respect of the
          transactions contemplated hereby;

     (ii) "Losses" means any and all financial losses, damages, liabilities,
          obligations, penalties, encumbrances, assessments, costs and expenses
          sustained, suffered or incurred by the Party seeking indemnification
          as a direct result of any Indemnification Event; provided, however,
          that Losses shall not include any indirect or consequential or
          punitive losses or damages, lost profits or lost revenue;

     (jj) "Material Adverse Change" or "Material Adverse Effect" means any
          change or effect that has or could reasonably be expected to have a
          material and adverse effect on the business, assets or financial
          condition of the Corporation and Fundata, taken as a whole, and
          "Materially Adversely Effect" has a corresponding meaning;

     (kk) "Non-Competition Agreement" means the agreement to be entered into by
          the Purchaser, Fundata, the Vendor and Hollinger International
          contemporaneously with Closing whereby, in consideration of the sum of
          $1,000, each of the Vendor and Hollinger International will agree not
          to compete with Fundata following Closing;

     (ll) "Ordinary Course" means, with respect to an action taken by a Person,
          that the action is consistent with the past practices of the Person
          and is taken in the normal day-to-day operations of the Person and,
          with respect to Hollinger International and any subsidiary of
          Hollinger International (other than the Corporation and Fundata) since
          January 17, 2004;

     (mm) "Party" means the Vendor, the Purchaser or Hollinger International, as
          the case may be;

     (nn) "Person" means an individual, corporation, partnership, joint venture,
          trust, limited liability company, unincorporated organization or other
          entity, or a Governmental Entity;

     (oo) "Purchase Price" is defined in Section 2.01(1);

     (pp) "Representation and Warranty Losses" is defined in Section 6.01(3);

     (qq) "Representatives", with respect to a Party, means its directors,
          officers, employees, auditors, agents and other representatives and
          advisors;

     (rr) "Safe Income" means the income earned or realized by the Corporation
          and Fundata for purposes of section 55 of the ITA for the period
          ending at the safe-income determination time, as defined in subsection
          55(1) of the ITA, for the

<PAGE>

                                      -6-

          series of transactions that includes the purchase of the Shares under
          this Agreement;

     (ss) "Shares" means all of the outstanding common shares of the
          Corporation;

     (tt) "Tax" or "Taxes" means all taxes, charges, fees, levies, imposts and
          other assessments, including all income, sales, use, goods and
          services, value added, capital, capital gains, alternative, net worth,
          transfer, profits, withholding, payroll, employer health, excise,
          franchise, real property and personal property taxes, and any other
          taxes, customs duties, fees, assessments, royalties, duties,
          deductions, compulsory loans or similar charges in the nature of a
          tax, including Canada Pension Plan and provincial pension plan
          contributions, employment insurance payments and workers compensation
          premiums, together with any instalments, and any interest, fines and
          penalties, imposed by any governmental authority (including federal,
          state, provincial, municipal and foreign governmental authorities),
          whether disputed or not;

     (uu) "Tax Returns" means any return, declaration, report, schedule or
          information statement with respect to Taxes required to be filed with
          the Canada Revenue Agency or any other Governmental Entity;

     (vv) "Time of Closing" means 9:00 a.m. (Vancouver time) on the Closing
          Date; and

     (ww) "Title Representation and Warranty Losses" is defined in Section
          6.01(5).

1.02 KNOWLEDGE

          Any reference to "knowledge of the Vendor" or to phrases of similar
import shall mean only the actual knowledge of Gordon Paris, David Dodd or Bruce
Creighton.

1.03 HEADINGS

          The division of this Agreement into Articles and Sections and the
insertion of headings are for convenience of reference only and shall not affect
the construction or interpretation of this Agreement. The terms "this
Agreement", "hereof", "hereunder" and similar expressions refer to this
Agreement and not to any particular Article, Section or other portion hereof and
include any agreement supplemental hereto. Unless something in the subject
matter or context is inconsistent therewith, references herein to Articles and
Sections are to Articles and Sections of this Agreement.

1.04 EXTENDED MEANINGS

          In this Agreement words importing the singular number only shall
include the plural and vice versa, words importing the masculine gender shall
include the feminine and neuter genders and vice versa and words importing
persons shall include individuals, partnerships, associations, trusts,
unincorporated organizations and corporations.

<PAGE>

                                      -7-

1.05 ACCOUNTING PRINCIPLES

          Wherever in this Agreement reference is made to a calculation to be
made in accordance with generally accepted accounting principles, such reference
shall be deemed to be to GAAP.

1.06 CURRENCY

          All references to currency herein are to lawful money of Canada.

1.07 SCHEDULES

          The following are the Schedules annexed hereto and incorporated by
reference and deemed to be part hereof:

          Schedule 1.01(n)    - Disclosure Letter;
          Schedule 3.01(1)(y) - Fundata Financial Statements;
          Schedule 4.05       - Hollinger Pre-Closing Reorganization Steps; and
          Schedule 5.01(1)(b) - Consents and Filings.

                          ARTICLE 2 - PURCHASE AND SALE

2.01 PURCHASE AND SALE AND PURCHASE PRICE

     (1) Upon and subject to the terms and conditions contained herein, the
Vendor shall, at the Time of Closing, sell the Shares to the Purchaser and the
Purchaser shall purchase the Shares from the Vendor for a total purchase price
of Cdn.$15,087,000 (hereinafter referred to as the "Purchase Price").

     (2) The Purchase Price shall be paid and satisfied by the Purchaser at the
Time of Closing by wire transfer of immediately available funds to an account or
accounts specified by the Vendor against delivery to the Purchaser of a share
certificate or certificates evidencing the Shares duly endorsed for transfer to
the Purchaser.

2.02 CLOSING AND DELIVERABLES

     (1) Subject to the terms and conditions contained herein, the Closing shall
take place as soon as practicable but, in any event, within five (5) Business
Days after satisfaction or waiver of the conditions set forth in Article 5
hereof (other than conditions which, by their terms, are to be satisfied at the
Closing) (the "Closing Date") at the offices of Farris, Vaughan, Wills & Murphy
LLP, 700 W. Georgia Street, Vancouver, British Columbia.

     (2) At the Closing, the Vendor shall deliver to the Purchaser the
following:

     (a)  share certificates representing the Shares duly endorsed for transfer
          to the Purchaser or its nominee or accompanied by duly executed stock
          transfer powers;

<PAGE>

                                      -8-

     (b)  resolutions of the directors of the Corporation consenting to the
          transfer of the Shares by the Vendor to the Purchaser or its nominee;

     (c)  resignations and releases of each director and officer of the
          Corporation and Fundata that is a Vendor nominee as identified by the
          Purchaser at least 3 Business Days prior to the Closing;

     (d)  the officer's certificates referred to in Section 5.01(1)(b), (c) and
          (d);

     (e)  a certificate of a duly authorized officer of the Corporation
          attaching copies of: (i) the articles of incorporation or similar
          documents of the Corporation and Fundata; (ii) a certificate of good
          standing, status or similar certificate in respect of the Corporation
          and Fundata dated within three (3) Business Days of the Closing Date;
          and (iii) the by-laws of the Corporation and Fundata; and

     (f)  executed counterparts of the Non-Competition Agreement signed by the
          Vendor and Hollinger International.

     (3)  At the Closing, the Purchaser shall deliver to the Vendor the
          following:

     (a)  payment of the Purchase Price in Canadian dollars by wire transfer of
          immediately available funds to an account or accounts specified by the
          Vendor;

     (b)  an officer's certificate in accordance with Section 5.03(1)(c); and

     (c)  executed counterparts of the Non-Competition Agreement signed by the
          Purchaser and Fundata.

2.03 GUARANTEE

          Hollinger International hereby unconditionally and irrevocably
guarantees the due and punctual performance by the Vendor of its obligations
under this Agreement as the same may be amended, changed, replaced, settled,
compromised or otherwise modified, from time to time, and irrespective of any
bankruptcy, insolvency, dissolution, winding-up, termination of the existence of
the Purchaser or any successor or permitted assign of the Purchaser, including,
without limitation, the unconditional and irrevocable payment of all
indemnification claims for which the Vendor is liable to the Purchaser pursuant
to this Agreement. Hollinger International shall be liable to the Purchaser if
and only to the extent that it is established that the Vendor is so liable. The
Purchaser is not required to exhaust all remedies against the Vendor prior to
proceeding against Hollinger International under this guarantee. In no event
shall the liability of Hollinger International to the Purchaser hereunder be
greater than that of the Vendor to the Purchaser hereunder.

2.04 TAXES

          The Purchaser shall pay any sales, use, transfer, excise, stamp or
other similar taxes imposed by reason of the sale of the Shares, excluding for
greater certainty any income taxes, capital or capital gains taxes from the
Vendor, pursuant to this Agreement and any deficiency, interest or penalty with
respect to such taxes.

<PAGE>

                                      -9-

                   ARTICLE 3 - REPRESENTATIONS AND WARRANTIES

3.01 VENDOR'S REPRESENTATIONS AND WARRANTIES

     (1) The Vendor represents and warrants to the Purchaser that, except as
disclosed in the Disclosure Letter:

     (a)  the Vendor is the beneficial and registered owner of the Shares;

     (b)  the Vendor has good and sufficient power, authority and right to enter
          into and deliver and perform its obligations under this Agreement and
          the Vendor has the power, authority and right to transfer the legal
          and beneficial title and ownership of the Shares to the Purchaser free
          and clear of all Encumbrances;

     (c)  the execution, delivery and performance of this Agreement has been
          duly authorized by all necessary corporate action on the part of the
          Vendor and this Agreement has been duly executed and delivered by, and
          constitutes a valid and legally binding obligation of, the Vendor,
          enforceable against the Vendor in accordance with its terms subject to
          general principles of equity and to applicable bankruptcy, insolvency,
          reorganization and other laws of general application limiting the
          enforcement of creditors' rights generally and to the fact that
          specific performance is an equitable remedy available only in the
          discretion of the court;

     (d)  there is no contract, option or any other right of another binding
          upon the Vendor to sell, transfer, assign, pledge, charge, mortgage or
          in any other way dispose of or encumber any of the Shares other than
          pursuant to the provisions of this Agreement;

     (e)  neither the entering into nor the delivery of this Agreement nor the
          completion of the transactions contemplated hereby by the Vendor will
          result in the violation or breach of:

          (i)  any of the provisions of the constating documents of the Vendor;
               or

          (ii) any Contract to which the Vendor is a party or by which the
               Vendor is bound;

          except where such violation would not have a material adverse effect
          on the ability of the Vendor to perform its obligations hereunder;

     (f)  no approval, order, consent of or filing with any Governmental Entity
          is required in connection with the execution and delivery by the
          Vendor of this Agreement or any other documents and agreements to be
          delivered under this Agreement or the performance of the obligations
          of the Vendor under this Agreement or any other documents and
          agreements to be delivered under this Agreement except where the
          failure to obtain such approval, order or consent or make such filing
          would not have a material adverse effect on the Vendor or its ability
          to carry out its obligations hereunder;

<PAGE>

                                      -10-

     (g)  the Vendor is not a non-resident person within the meaning of section
          116 of the Income Tax Act (Canada);

     (h)  the Corporation is a corporation duly incorporated and validly
          subsisting under the laws of Nova Scotia, with the corporate power to
          own its assets;

     (i)  the authorized share capital of the Corporation consists of 100,000
          common shares of which only the Shares are issued and outstanding;

     (j)  the Corporation has no liabilities;

     (k)  the Corporation has carried on no business other than the acquisition
          and holding of the Fundata Shares;

     (l)  the Corporation will, at Closing, be the legal and beneficial owner of
          the Fundata Shares;

     (m)  there is no contract, option or similar obligation binding upon the
          Corporation to: (i) issue any unissued Equity Securities, or (ii)
          repurchase, redeem or otherwise acquire any Equity Securities of the
          Corporation;

     (n)  to the knowledge of the Vendor, Fundata is a corporation duly
          incorporated and validly subsisting under the laws of Ontario, with
          the corporate power to own its assets and carry on its businesses;

     (o)  to the knowledge of the Vendor, the authorized share capital of
          Fundata consists of an unlimited number of common shares, of which 124
          common shares are issued and outstanding;

     (p)  to the knowledge of the Vendor, there is no contract, option or
          similar obligation binding upon Fundata to: (i) issue any unissued
          Equity Securities; or (ii) repurchase, redeem or otherwise acquire any
          Equity Securities of Fundata;

     (q)  to the knowledge of the Vendor, the business of Fundata has been
          carried on in the Ordinary Course in all material respects since
          September 30, 2005 and, to the knowledge of the Vendor, Fundata has
          not entered into any material transaction out of the Ordinary Course
          since that date;

     (r)  to the knowledge of the Vendor, Fundata is not a party to or bound by
          any guarantee, support, indemnification, surety or similar obligation
          with respect to the obligations or indebtedness of any other Person
          that is material;

     (s)  to the knowledge of the Vendor, Fundata has no outstanding bonds,
          debentures, notes or mortgages maturing more than one year after the
          date of their original issuance in a material amount;

     (t)  to the knowledge of the Vendor, Fundata is not currently indebted, in
          any material amount, to any officer, director, employee or shareholder
          of Fundata or any other

<PAGE>

                                      -11-

          person with whom Fundata does not deal at arm's length (within the
          meaning of the ITA) other than for usual compensation paid in the
          Ordinary Course;

     (u)  to the knowledge of the Vendor, Fundata does not have any agreement,
          option or commitment to acquire any Equity Securities of any Person or
          to acquire or lease any business, operations, real property or assets
          which assets would be material to Fundata;

     (v)  to the knowledge of the Vendor, the lease for the premises occupied by
          Fundata at 26 Lesmill Road, North York, Ontario is currently in good
          standing and Fundata has not been notified in writing of any event of
          default thereunder;

     (w)  to the knowledge of the Vendor, there is no agreement or commitment in
          writing for the purchase from Fundata of any of its material assets
          other than in the Ordinary Course;

     (x)  to the knowledge of the Vendor, Fundata is not a party to any court
          proceeding arising as a result of, or in relation to, the
          investigation of the Special Committee of the board of directors of
          Hollinger International and, to the knowledge of the Vendor, there are
          no facts or circumstances that would be reasonably likely to result in
          Fundata becoming involved in any court action or proceeding, as a
          defendant, related to the matters raised in the report of the Special
          Committee of the board of directors of Hollinger International;

     (y)  to the knowledge of the Vendor, the unaudited consolidated financial
          statements of Fundata, consisting of a balance sheet as at September
          30, 2005 and a statement of operations for the nine months ended
          September 30, 2005, which are set out in Schedule 3.01(1)(y), do not
          contain any material misstatements;

     (z)  for the past five years, to the knowledge of the Vendor, Fundata has
          filed or caused to be filed, within the times and in the manner
          prescribed by Applicable Law, all federal and provincial income tax
          returns which are required to be filed by it and, to the knowledge of
          the Vendor, such tax returns do not contain any material misstatement;

     (aa) to the knowledge of the Vendor, there has been no material adverse
          change in the financial condition of Fundata since December 31, 2002;
          and

     (bb) to the knowledge of the Vendor, there is no existing litigation in the
          United States against Fundata.

     (2) Hollinger International represents and warrants to the Purchaser that,
except as disclosed in the Disclosure Letter:

     (a)  Hollinger International is incorporated, organized and existing under
          the laws of the jurisdiction of its incorporation, and Hollinger
          International has good and sufficient power, authority and right to
          enter into and deliver this Agreement;

<PAGE>

                                      -12-

     (b)  this Agreement has been duly authorized, executed and delivered by,
          and constitutes a valid and legally binding obligation of, Hollinger
          International, enforceable against Hollinger International in
          accordance with its terms subject to general principles of equity and
          to applicable bankruptcy, insolvency, reorganization and other laws of
          general application limiting the enforcement of creditors' rights
          generally and to the fact that specific performance is an equitable
          remedy available only in the discretion of the court;

     (c)  neither the entering into nor the delivery of this Agreement nor the
          completion of the transactions contemplated hereby by Hollinger
          International will result in the violation of:

          (i)  any of the provisions of the constating documents or by-laws of
               Hollinger International; or

          (ii) any Contract to which Hollinger International is a party or is
               bound;

          except where such violation would not have a material adverse effect
          on the ability of Hollinger International to carry out its obligations
          hereunder; and

     (d)  no approval, order, consent of or filing with any Governmental Entity
          is required in connection with the execution and delivery by Hollinger
          International of this Agreement or any other documents and agreements
          to be delivered under this Agreement or the performance of the
          obligations of Hollinger International under this Agreement or any
          other documents and agreements to be delivered under this Agreement
          except where the failure to obtain such approval, order or consent or
          make such filing would not have a material adverse effect on the
          ability of Hollinger International to carry out its obligations
          hereunder.

3.02 SURVIVAL OF VENDOR'S AND HOLLINGER INTERNATIONAL'S REPRESENTATIONS,
     WARRANTIES AND COVENANTS

     (1) The representations and warranties of the Vendor and Hollinger
International set forth in Section 3.01 ((other than those set forth in Section
3.01(1)(a) and 3.01(1)(d)) shall survive the completion of the sale and purchase
of the Shares herein provided for and, notwithstanding such completion, shall
continue in full force and effect for the benefit of the Purchaser for a period
of 24 months from the Closing Date. The representations and warranties of the
Vendor set forth in Section 3.01(1)(a) and 3.01(1)(d) shall survive the
completion of the sale and purchase of the Shares herein provided for and,
notwithstanding such completion, shall continue in full force and effect for the
benefit of the Purchaser for a period of 36 months from the Closing Date.

     (2) The covenants of the Vendor set forth in this Agreement shall survive
the completion of the sale and purchase of the Shares herein provided for and,
notwithstanding such completion, shall continue in full force and effect for the
benefit of the Purchaser in accordance with the terms thereof.

<PAGE>

                                      -13-

3.03 PURCHASER'S REPRESENTATIONS AND WARRANTIES

     (1)  The Purchaser represents and warrants to the Vendor that:

     (a)  the Purchaser is a corporation duly incorporated and validly
          subsisting under the federal laws of Canada and any nominee will be a
          corporation duly incorporated and validly subsisting under the laws of
          British Columbia;

     (b)  the Purchaser has good and sufficient power, authority and right to
          enter into, deliver and perform its obligations under this Agreement
          and to complete the transactions to be completed by the Purchaser
          contemplated hereby;

     (c)  the execution, delivery and performance of this Agreement has been
          duly authorized by all necessary corporate action on the part of the
          Purchaser, the Agreement has been duly executed and delivered by the
          Purchaser and constitutes a valid and legally binding obligation of
          the Purchaser, enforceable against the Purchaser in accordance with
          its terms subject to general principles of equity and to applicable
          bankruptcy, insolvency, reorganization and other laws of general
          application limiting the enforcement of creditors' rights generally
          and to the fact that specific performance is an equitable remedy
          available only in the discretion of the court;

     (d)  neither the entering into nor the delivery of this Agreement nor the
          completion of the transactions contemplated hereby by the Purchaser
          will result in the violation of:

          (i)  any of the provisions of the constating documents of the
               Purchaser; or

          (ii) any Contract to which the Purchaser is a party or by which the
               Purchaser is bound;

          except where such violation would not have a material adverse effect
          on the ability of the Purchaser to carry out its obligations
          hereunder;

     (e)  the Purchaser is a Canadian within the meaning of the Investment
          Canada Act (Canada); and

     (f)  no approval, order, consent of or filing with any Governmental Entity
          is required, other than certain orders of the Toronto Stock Exchange,
          in connection with the execution and delivery by the Purchaser of this
          Agreement or any other documents and agreements to be delivered under
          this Agreement or the performance of the obligations of the Purchaser
          under this Agreement or any other documents and agreements to be
          delivered under this Agreement except where the failure to obtain such
          approval, order or consent or make such filing would not have a
          material adverse effect on the ability of the Purchaser to carry out
          its obligations hereunder.
<PAGE>

                                      -14-

3.04 SURVIVAL OF PURCHASER'S REPRESENTATIONS, WARRANTIES AND COVENANTS

     (1) The representations and warranties of the Purchaser set forth in
Section 3.03 shall survive the completion of the sale and purchase of the Shares
herein provided for and, notwithstanding such completion, shall continue in full
force and effect for the benefit of the Vendor for a period of 24 months from
the Closing Date.

     (2) The covenants of the Purchaser set forth in this Agreement shall
survive the completion of the sale and purchase of the Shares herein provided
for and, notwithstanding such completion, shall continue in full force and
effect for the benefit of the Vendor in accordance with the terms thereof.

3.05 INVESTIGATION

          The Purchaser is knowledgeable about the industry in which Fundata
operates and is experienced in the acquisition and management of businesses. The
Purchaser and its Representatives have been afforded reasonable access to the
Books and Records, Contracts, facilities and personnel of Fundata for purposes
of conducting a due diligence investigation of Fundata and its business. The
Purchaser has conducted a reasonable due diligence investigation of Fundata and
its business. The Purchaser acknowledges that it has been advised by Hollinger
International and the Vendor that neither the Vendor, Hollinger International
nor their respective Affiliates are or have been involved in the day-to-day
management of Fundata nor do they or have they exercised any material oversight
in respect of the management of Fundata.

3.06 NO INDUCEMENT OR RELIANCE; INDEPENDENT ASSESSMENT

     (1) The Purchaser has not been induced by and has not relied upon any
representations, warranties or statements, whether express or implied, made by
the Vendor, Hollinger International (or their Affiliates or Representatives)
that are not expressly set forth herein (including the Disclosure Letter),
whether or not any such representations, warranties or statements were made in
writing or orally.

     (2) The Purchaser acknowledges that none of the Vendor, Hollinger
International or their Affiliates or Representatives makes, will make or has
made any representation or warranty, express or implied, as to the prospects of
Fundata or its business for the Purchaser or with respect to any forecasts,
projections or business plans made available to the Purchaser in connection with
the Purchaser's review of Fundata and its business. No information provided by
Fundata to the Purchaser concerning Fundata or its business shall constitute or
be deemed to constitute, in any way, information or a representation of or
provided by the Vendor or Hollinger International.

3.07 RELEASE

          From and after the expiry of the time periods referred to in Sections
3.02(1) and 3.04(1) (as applicable), each Party releases and forever discharges
each other Party (including Hollinger International, in the case of the release
by the Purchaser) from any and all claims, demands, causes of action,
liabilities, obligations, costs and damages of any nature whatsoever which the
Party may have in respect of or in any way arising out of any inaccuracy in or
breach of any representation or warranty contained in this Agreement and any
instrument or certificate or other

<PAGE>

                                      -15-

document executed or delivered pursuant to this Agreement, except for (and only
to the extent of) any claim in respect of which the Party making the claim has
provided notice to the Party making that representation and warranty in
accordance with Section 6.01(7) prior to the expiry of those time limits and in
respect of which any applicable limitation period imposed by Applicable Law has
not expired and, in that event, only on the terms and conditions of and to the
extent provided for in Article 6.

                             ARTICLE 4 - COVENANTS

4.01 APPROPRIATE ACTION; CONSENTS; FILINGS

     (1) Upon the terms and subject to the conditions set forth herein, from the
date hereof until the Closing Date, the Vendor and the Purchaser shall use their
respective commercially reasonable efforts to take, or cause to be taken, all
appropriate action, and do, or cause to be done, and to assist and cooperate
with the other Party in doing all things necessary, proper or advisable under
Applicable Law or otherwise to consummate and make effective the transactions
contemplated herein as promptly as practicable, including: (i) executing and
delivering any additional instruments necessary, proper or advisable to
consummate the transactions contemplated herein, and to carry out fully the
purposes of this Agreement; (ii) identifying and making all necessary
registrations, declarations, notices or filings (each a "Filing") with any
Governmental Entity as is required in connection with the execution and delivery
of this Agreement or the consummation of the transactions contemplated herein,
and thereafter making any other required submissions, with respect to the
transactions contemplated hereby and any other Applicable Law; and (iii)
obtaining all consents, waivers, approvals, licenses, permits, orders or
authorizations (each, a "Consent") of any Governmental Entity or third party
necessary for the consummation of the transactions contemplated herein;
provided, however, that the Vendor shall not be required to commence any
litigation or offer or grant any accommodation (financial or otherwise) to any
third-party. In addition to the foregoing, the Purchaser agrees to provide such
information and assurances as to financial capability, resources and
creditworthiness as may be reasonably requested by any Governmental Entity or
other third party whose consent or approval is sought in connection with the
transactions contemplated herein to the extent that such information or
assurances do not increase the benefit that such party possesses under the
applicable contract. The Purchaser and the Vendor shall cooperate with each
other in connection with the making of any Filings in accordance with this
Section 4.01(1), including providing copies of all such documents to the
non-filing Party and its advisors prior to filing and implementing all
reasonable additions, deletions or changes suggested in connection therewith.
All reasonable costs and expenses incurred in connection with the Filings
pursuant to this Section 4.01 shall be paid by the Purchaser and all reasonable
costs and expenses incurred for obtaining the Consents shall be paid by the
Vendor. The Vendor and the Purchaser shall furnish to each other all information
required for any application or other Filing to be made pursuant to any
Applicable Law in connection with the transactions contemplated hereby.

     (2) The Purchaser acknowledges that, as a result of the transactions
contemplated hereby, certain consents and waivers may be required from parties
to contracts to which Fundata is party, and that such consents and waivers have
not been obtained and may not be obtained prior to the Closing. The Vendor shall
have no liability whatsoever to the Purchaser arising out of or relating to the
failure to obtain any consents or waivers, that may be required as a result of
the transactions

<PAGE>

                                      -16-

contemplated hereby or because of the termination of any contract as a result
thereof. The Purchaser acknowledges that no representation, warranty or covenant
of the Vendor contained herein shall be breached or deemed breached, and no
condition shall be deemed not satisfied, as a result of: (i) the failure to
obtain any such consent or waiver; (ii) any such termination; or (iii) any
claim, lawsuit, action, proceeding or investigation commenced or threatened by
or on behalf of any Person arising out of or relating to the failure to obtain
any such consent, or any such termination.

     (3) From the date hereof until the Closing Date, the Vendor and the
Purchaser shall promptly notify each other in writing of any pending or, to the
knowledge of the Vendor or the Purchaser, as applicable, threatened action,
proceeding or investigation by any Governmental Entity or any other Person: (i)
challenging or seeking damages in connection with the transactions contemplated
hereby; or (ii) seeking to restrain or prohibit the consummation of the
transactions contemplated hereby or otherwise limit the right of the Purchaser
to own all or any portion of the Shares. The Vendor and the Purchaser shall
cooperate with each other in defending any such action, proceeding or
investigation, including seeking to have any stay or temporary restraining order
entered by any court or other Governmental Entity vacated or reversed.

4.02 PRESERVATION OF BOOKS AND RECORDS

     (1) Promptly following the Closing, the Vendor shall deliver or cause to be
delivered to the Purchaser all original Books and Records in respect of the
Corporation and Fundata in its possession.

     (2) For a period of six (6) years from the Closing Date, the Purchaser
shall use all reasonable efforts to preserve and retain, or cause the
Corporation and Fundata to preserve and retain, all material Books and Records
relating to the Corporation and Fundata and the conduct of their respective
businesses prior to the Closing.

     (3) The Purchaser shall not, at any time, dispose of or destroy any of the
Books and Records without first offering to turn over possession thereof to the
Vendor by written notice to the Vendor at least sixty (60) days prior to the
proposed date of such disposition or destruction.

     (4) The Vendor and Hollinger International shall maintain the
confidentiality of any information (other than information that is already in
the public domain or that the Vendor and Hollinger International have in their
possession on or prior to the date hereof, except to the extent specifically
covered by any confidentiality undertaking) received from the Purchaser as a
result of its access to the Books and Records under this Section 4.02 and,
except as otherwise authorized by the Purchaser, will not disclose to any third
party (except as may be required by Applicable Law or in any suit, action or
proceeding involving the Vendor or Hollinger International) any such
information.

4.03 TAX MATTERS

     (1) The Purchaser shall not initiate or cause the Corporation or Fundata to
initiate any Income or Tax adjustment, for any period ending on or before the
Closing Date, that would result in a reduction of Safe Income attributable to
any of the Shares or the Fundata Shares without the prior written consent of the
Vendor.

<PAGE>

                                      -17-

     (2) The Purchaser shall cause the Corporation and Fundata not to divest,
sell, transfer or otherwise dispose of any asset to any Person in the 2005
calendar year other than: (i) in the Ordinary Course; or (ii) to the extent
required by Applicable Law. The Purchaser shall cause the Corporation and
Fundata not to establish and/or acquire, in the 2005 calendar year, any
corporation other than an unlimited liability company established under the laws
of the Province of Nova Scotia.

     (3) The Purchaser shall, and shall cause the Corporation and Fundata to,
provide all financial data and other information concerning the Corporation for
the 2005 calendar year, to enable the Vendor to prepare and file any Tax Returns
required to be filed by it.

4.04 MAIL; PAYMENTS

     (1) The Vendor shall promptly deliver to the Purchaser copies of any
correspondence or other communication received by the Vendor after the Closing
Date pertaining to the Corporation or Fundata and, where such correspondence or
other communication relates exclusively to the Corporation or Fundata, originals
thereof. The Purchaser shall and shall cause the Corporation and Fundata to
promptly deliver to the Vendor any correspondence or other communication
received by the Purchaser after the Closing Date pertaining to the Vendor or its
Affiliates.

     (2) The Vendor shall promptly pay or deliver to the Purchaser any monies or
cheques which have been mistakenly sent after the Closing Date by customers of
Fundata to the Vendor and which should have been sent to the Purchaser. The
Purchaser shall promptly pay or deliver to the Vendor any monies or checks which
have been mistakenly sent after the Closing Date to the Purchaser and which
should have been sent to the Vendor or its Affiliates.

4.05 HOLLINGER PRE-CLOSING REORGANIZATION STEPS

          Notwithstanding any other provision of this Agreement, the Vendor and
Hollinger International may, at any time prior to the Time of Closing, implement
the Hollinger Pre-Closing Reorganization Steps set out in Schedule 4.05.

                             ARTICLE 5 - CONDITIONS

5.01 CONDITIONS TO OBLIGATIONS OF EACH PARTY

     (1) The respective obligations of each Party to effect the transactions
contemplated hereby is subject to the following conditions having been satisfied
or met on or prior to the Closing, any or all of which may be waived by
agreement of the Vendor and the Purchaser, in whole or in part, to the extent
permitted by Applicable Law:

     (a)  no court or Governmental Entity of competent jurisdiction shall have
          enacted, issued, promulgated, enforced or entered any statute, rule,
          regulation, executive order, decree, judgment, injunction or other
          order (whether temporary, preliminary or permanent), in any case which
          is in effect or be pending and which prevents or prohibits, or will
          prevent or prohibit if then pending, consummation of the transactions
          contemplated hereby; provided, however, that each of the Parties

<PAGE>

                                      -18-

          shall use its commercially reasonable efforts to cause any such
          executive order, decree, judgment, injunction or other order to be
          vacated or lifted;

     (b)  all Filings and Consents that are listed in Schedule 5.01(1)(b) shall
          have been duly made or obtained;

     (c)  completion of the sale by the Vendor of all of the shares of Great
          West held by it to 6490239 Canada Inc.; and

     (d)  evidence of the discharge of the lien of Toronto Dominion (Texas),
          Inc. against the Vendor insofar as it relates to the Shares or an
          acceptable undertaking to do so.

5.02 CONDITIONS FOR THE BENEFIT OF THE PURCHASER

     (1) The sale by the Vendor and the purchase by the Purchaser of the Shares
is subject to the following conditions which are for the exclusive benefit of
the Purchaser to be performed or complied with at or prior to the Time of
Closing:

     (a)  the representations and warranties of the Vendor set forth in Section
          3.01 shall be true and correct in all material respects at the Time of
          Closing with the same force and effect as if made at and as of such
          time (except for representations and warranties that are made as of a
          specific date, which shall be true and correct in all material
          respects as of that date);

     (b)  the Vendor shall have performed or complied in all material respects
          with all of the terms, covenants and conditions of this Agreement to
          be performed or complied with by the Vendor at or prior to the Time of
          Closing;

     (c)  the Vendor shall have delivered to the Purchaser a certificate
          executed on its behalf by its duly authorized officer certifying that
          the conditions set forth in Sections 5.02(1)(a) and 5.02(1)(b) hereof
          have been satisfied;

     (d)  the Purchaser shall have received a certificate of the Vendor and
          Hollinger International certifying that all existing indebtedness of
          Fundata to Hollinger International or any of its Affiliates has been
          repaid in full;

     (e)  the Purchaser shall have received a certificate of the Vendor and
          Hollinger International certifying that the Fundata Agreement has been
          terminated in respect of the Vendor and that Fundata currently owes no
          amounts to Hollinger International or any of its Affiliates thereunder
          or under any management agreement;

     (f)  438328 Ontario Limited (formerly HKA Data Processing Limited) shall
          have consented to the indirect transfer by the Vendor to the Purchaser
          of the Fundata Shares contemplated hereby;

<PAGE>

                                      -19-

     (g)  those directors and officers of the Corporation and Fundata that are
          nominees of the Vendor requested by the Purchaser not less than 3
          Business Days prior to Closing shall resign at the Closing;

     (h)  the Purchaser shall have been furnished with the documents referred to
          in Section 2.02(2); and

     (i)  all necessary corporate steps and proceedings shall have been taken to
          permit the Shares to be duly and transferred to and registered in the
          name of the Purchaser.

5.03 CONDITIONS FOR THE BENEFIT OF THE VENDOR

     (1) The sale by the Vendor and the purchase by the Purchaser of the Shares
is subject to the following conditions which are for the exclusive benefit of
the Vendor to be performed or complied with at or prior to the Time of Closing:

     (a)  the representations and warranties of the Purchaser set forth in
          Section 3.03 shall be true and correct in all material respects at the
          Time of Closing with the same force and effect as if made at and as of
          such time (except for representations and warranties that are made as
          of a specific date, which shall be true and correct in all material
          respects as of such date);

     (b)  the Purchaser shall have performed or complied in all material
          respects with all of the terms, covenants and conditions of this
          Agreement to be performed or complied with by the Purchaser at or
          prior to the Time of Closing;

     (c)  the Purchaser shall have delivered to the Vendor a certificate
          executed on it behalf by its duly authorized officer certifying that
          the conditions set forth in Sections 5.03(1)(a) and (b) have been
          satisfied; and

     (d)  the Vendor shall have been furnished the documents referred to in
          Section 2.02(3).

                           ARTICLE 6 - INDEMNIFICATION

6.01 INDEMNIFICATION

     (1) If the Closing shall occur, and subject to the provisions of this
Article 6, the Vendor hereby agrees to indemnify and hold harmless the Purchaser
against and from any and all Losses incurred by the Purchaser as a result of:

     (a)  the failure of any representation or warranty of the Vendor or
          Hollinger International contained in this Agreement to be true and
          correct as of the date made, except that the Vendor shall not be
          required to indemnify or save harmless the Purchaser in respect of any
          such failure unless the Purchaser shall have provided notice to the
          Vendor in accordance with Section 6.01(7) on or prior to

<PAGE>

                                      -20-

          the expiration of the applicable time period related to that
          representation and warranty set out in Section 3.02; and

     (b)  any breach or non-performance by the Vendor of any covenant or other
          obligation to be performed by it that is contained in this Agreement.

     (2) Subject to the provisions of this Article 6, the Purchaser shall
indemnify, defend and save harmless the Vendor from any and all Losses suffered
or incurred by the Vendor as a result of:

     (a)  the failure of any representation or warranty of the Purchaser
          contained in this Agreement to be true and correct as of the date
          made, except that the Purchaser shall not be required to indemnify or
          save harmless the Vendor in respect of any such failure unless the
          Vendor shall have provided notice to the Purchaser in accordance with
          Section 6.01(7) on or prior to the expiration of the applicable time
          period for that representation and warranty set out in Section 3.04;
          and

     (b)  any breach or non-performance by the Purchaser of any covenant or
          other obligation to be performed by it that is contained in this
          Agreement.

     (3) The Vendor shall not be required to indemnify the Purchaser, and the
Purchaser shall not be entitled to recover from the Vendor, any amount for any
claims described in Section 6.01(1) including any certificate delivered
hereunder in respect thereof (collectively, "Representation and Warranty
Losses"), until and unless the amount which the Purchaser is entitled to recover
in respect of such Losses exceeds, in the aggregate, $100,000 (the
"Deductible"), following which, subject to this Article 6 (including paragraphs
(4), (5) and (6) below), the entire amount which the Purchaser is entitled to
recover in respect of such Losses, less the Deductible, shall be payable.

     (4) Any and all Representation and Warranty Losses that involve Losses of
less than $25,000 shall not be entitled to indemnification under this Section
6.01 and shall not be counted toward satisfaction of the Deductible.

     (5) The maximum aggregate amount recoverable by the Purchaser for any and
all Representation and Warranty Losses (other than Representation and Warranty
Losses relating to breaches or inaccuracies of the Vendor's representation and
warranties in Section 3.01(1)(a) or and Section 3.01(1)(d) ("Title
Representation and Warranty Losses")) shall (inclusive of all legal fees and
disbursements) not, in any event, exceed $1,000,000 and in no event shall the
Vendor be liable for any amount in excess thereof and the maximum aggregate
amount recoverable by the Purchaser for any and all Title Representation and
Warranty Losses shall (inclusive of all legal fees and disbursements) not, in
any event, exceed an amount equal to 100% of the Purchase Price and in no event
shall the Vendor be liable for any amount in excess thereof. The maximum
aggregate amount recoverable by the Vendor from the Purchaser in respect of all
Losses incurred by the Vendor pursuant to claims described in Section 6.01(2)
including any certificate delivered hereunder in respect thereof shall
(inclusive of all legal fees and disbursements) not, in any event, exceed
$1,000,000 and in no event shall the Purchaser be liable for any amount in
excess thereof.

     (6) The maximum aggregate amount recoverable by the Purchaser from the
Vendor in respect of all Losses incurred by the Purchaser (including, without
limitation, Representation and

<PAGE>

                                      -21-

Warranty Losses, Title Representation and Warranty Losses, and Losses under any
other document or agreement contemplated hereby or otherwise) shall be an amount
equal to 100% of the Purchase Price (inclusive of all legal fees and
disbursements) and in no event shall the Vendor be liable to the Purchaser for
any Losses in excess of such amount.

     (7) The following procedures shall apply to claims for indemnification
under this Article 6:

     (a)  In the event that a Party shall incur or suffer any Losses (or shall
          reasonably anticipate that it shall suffer any Losses), in respect of
          which indemnification may be sought by such Party (an "Indemnified
          Party") pursuant to the provisions of this Article 6 from the other
          Party (each, an "Indemnifying Party"), the Indemnified Party shall
          promptly submit to the Indemnifying Party an Indemnification Notice
          stating the nature and basis of such claim including a description in
          reasonable detail of the facts giving rise to the claim for
          indemnification hereunder and (if known) the amount or the method of
          computation of the amount of such claim, and a reference to the
          provisions of this Agreement upon which such claim is based; provided,
          however, that the failure of the Indemnified Party to give the
          Indemnification Notice promptly shall not relieve the Indemnifying
          Party of any liability that the Indemnifying Party may have to the
          Indemnified Party, except to the extent that the Indemnifying Party is
          prejudiced thereby. In the case of Losses arising by reason of any
          third-party claim, the Indemnification Notice shall be given within
          thirty (30) days of the filing or other written assertion of any such
          claim against the Indemnified Party, but the failure of the
          Indemnified Party to give the Indemnification Notice within such time
          period shall not relieve the Indemnifying Party of any liability that
          the Indemnifying Party may have to the Indemnified Party, except to
          the extent that the Indemnifying Party is prejudiced thereby.
          Thereafter, the Indemnified Party shall deliver to the Indemnifying
          Party, within ten (10) calendar days after the Indemnified Party's
          receipt thereof, copies of all notices and documents (including court
          papers) received by the Indemnified Party relating to the third-party
          claim. Notwithstanding the foregoing, should a Person be served with a
          complaint with regard to a third-party claim, the Indemnified Party
          must notify the Indemnifying Party with a copy of the complaint within
          ten (10) calendar days after receipt thereof and shall deliver to the
          Indemnifying Party within ten (10) calendar days after the receipt of
          such complaint copies of notices and documents (including court
          papers) received by the Indemnified Party relating to the third-party
          claim (or in each case such earlier time as may be necessary to enable
          the Indemnifying Party to respond to the court proceedings on a timely
          basis); provided, however, that failure to do so shall not relieve the
          Indemnifying Party of any liability that it may have to the
          Indemnified Party, except to the extent that the Indemnifying Party is
          prejudiced thereby.

     (b)  The Indemnified Party shall provide to the Indemnifying Party on
          request all information and documentation in the Indemnified Party's
          possession: (i) that is not privileged and is reasonably necessary;
          and (ii) that is critical (whether or not privileged), in each case,
          to support and verify any Losses which the Indemnified

<PAGE>

                                      -22-

          Party believes give rise to a claim for indemnification hereunder and
          shall give the Indemnifying Party access to all books, records and
          personnel in the possession or under the control of the Indemnified
          Party which would have bearing on such claim.

     (c)  In the case of third-party claims with respect to which an
          Indemnification Notice is given, the Indemnifying Party shall have the
          option at its own expense: (i) to conduct any proceedings or
          negotiations in connection therewith; (ii) to take all other steps to
          settle or defend any such claim; and (iii) to employ counsel of the
          Indemnifying Party's choosing and approved by the Indemnified Party,
          acting reasonably, to contest any such claim in the name of the
          Indemnified Party or otherwise. The Indemnifying Party may not
          compromise or settle any claim without the Indemnified Party's prior
          written consent, which may not be unreasonably withheld or delayed.
          Should the Indemnifying Party provide written notice of its desire to
          settle any third party claim but the Indemnified Party does not
          provide consent within a reasonable period of time, the Indemnified
          Party shall be responsible for any incremental costs and expenses
          incurred beyond the proposed settlement amount. The Indemnified Party
          shall be entitled to participate at its own expense and by its own
          counsel in any proceedings relating to any third-party claim, and the
          Indemnified Party shall be entitled to participate with counsel of its
          own choice at the expense of the Indemnifying Party if, on the written
          advice of legal counsel, representation of both Parties by the same
          counsel presents a conflict of interest or is otherwise inappropriate
          under applicable standards of professional conduct. The Indemnifying
          Party shall, within twenty (20) days of receipt of the Indemnification
          Notice, notify the Indemnified Party of its intention to assume the
          defense of any such claim. Until the Indemnified Party has received
          notice of the Indemnifying Party's election whether to defend any such
          claim, the Indemnified Party shall take reasonable steps to defend
          (but may not settle) such claim. If the Indemnifying Party shall
          decline to assume the defense of any such claim, or shall fail to
          notify the Indemnified Party within twenty (20) days after receipt of
          the Indemnification Notice of the Indemnifying Party's election to
          defend such claim or fails to diligently defend such claim after
          electing to assume conduct, the Indemnified Party shall defend such
          claim but may not settle such claim without the advance written
          consent of the Indemnifying Party (which consent shall not be
          unreasonably withheld or delayed). Should the Indemnified Party
          provide notice of its desire to settle such claim but the Indemnifying
          Party does not provide written consent within a reasonable period of
          time, the Indemnifying Party shall be responsible for any incremental
          costs and expenses incurred beyond the proposed settlement amount. The
          expenses of all proceedings, contests or lawsuits in respect of any
          such claims (other than those incurred by the Indemnified Party which
          are referred to in the third and fourth sentences of this subparagraph
          (c)) shall be borne by the Indemnifying Party but only if the
          Indemnifying Party is responsible pursuant hereto to indemnify the
          Indemnified Party in respect of such claim and, if applicable, only to
          the extent required by this Section 6.01(7). Regardless of which Party
          shall assume the defense of the claim, the Parties agree to cooperate
          fully with one another in connection therewith.

<PAGE>

                                      -23-

     (8)  Nothing in this Section 6.01 shall be construed as a limitation on the
Indemnifying Party's right to contest in good faith whether the Indemnified
Party is entitled to indemnification pursuant to this Section 6.01 with respect
to a particular claim. The Indemnified Party shall have the burden of proof in
establishing the existence of a claim for indemnification under this Agreement
and the amount of Losses suffered by it.

     (9) The indemnification provided for in this Section 6.01 shall be the sole
and exclusive remedy of the Purchaser (except in the case of fraud on the part
of the Vendor), whether in contract, tort or otherwise, for all matters arising
under or in connection with this Agreement and the transactions contemplated
hereby, including, without limitation, for any inaccuracy or breach of any
representation, warranty, covenant or agreement set forth herein and the
Purchaser hereby irrevocably waives and releases any rights to take action,
institute proceedings or make any claims of any nature whatsoever against the
Vendor (or Hollinger International) or their respective Affiliates except
pursuant to such indemnification provisions. The indemnification provided for in
this Section 6.01 shall be the sole and exclusive remedy of the Vendor (except
in the case of fraud on the part of the Purchaser), whether in contract, tort or
otherwise, for all matters arising under or in connection with this Agreement
with respect to the breach of any representation or warranty set forth herein.

     (10) Notwithstanding anything contained herein to the contrary, the amount
of any Losses incurred or suffered by an Indemnified Party shall be calculated
after giving effect to: (i) any insurance proceeds received by or otherwise
payable to the Indemnified Party (or any of its Affiliates) with respect to such
Losses (collectively, "Insurance Benefits"); and (ii) any recoveries obtained by
the Indemnified Party (or any of its Affiliates) from any party other than the
Indemnifying Party. Each Indemnified Party shall exercise commercially
reasonable efforts to obtain such proceeds, benefits and recoveries. If any such
proceeds, benefits or recoveries are received by an Indemnified Party (or any of
its Affiliates) with respect to any Losses after an Indemnifying Party has made
a payment to the Indemnified Party with respect thereto, the Indemnified Party
(or such Affiliate) shall pay to the Indemnifying Party the amount of such
proceeds, benefits or recoveries (up to the amount of the Indemnifying Party's
payment). With respect to any Losses incurred or suffered by an Indemnified
Party, no liability shall attach to the Indemnifying Party in respect of any
Losses to the extent that the same Losses have been recovered by the Indemnified
Party and, accordingly, the Indemnified Party may only recover once in respect
of the same Loss.

     (11) Upon making any payment to an Indemnified Party in respect of any
Losses, the Indemnifying Party shall, to the extent of such payment, be
subrogated to all rights of the Indemnified Party (and its Affiliates) against
any third party in respect of the Losses to which such payment relates. Such
Indemnified Party (and its Affiliates) and Indemnifying Party shall execute upon
request all instruments reasonably necessary to evidence or further perfect such
subrogation rights. The Purchaser shall use commercially reasonable efforts to
mitigate any Losses in respect of which indemnification under this Agreement may
be sought, whether by asserting claims against a third party or by otherwise
qualifying for a benefit that would reduce or eliminate Losses. To the extent
that any breach of any representation or warranty contained in this Agreement or
any other provision of this Agreement is capable of remedy, the Indemnified
Party shall afford the Indemnifying Party a reasonable opportunity to remedy the
matter complained of.

<PAGE>

                                      -24-

     (12) The liability of the Vendor in respect of any claim by the Purchaser
under this Agreement shall be reduced by the amount by which any Taxes for which
the Purchaser, the Corporation or any Subsidiary is now or in the future
accountable or liable to be assessed is reduced or extinguished as a result of
the matter giving rise to such liability.

     (13) From the date hereof through the Closing Date, the Vendor shall have
the right, from time to time, to modify, amend and/or supplement the Disclosure
Letter by delivering any such modifications, amendments and/or supplements to
the Purchaser in writing in accordance with the terms of this Agreement. No such
supplement, amendment or modification shall be evidence, in and of itself, that
the representations and warranties in the corresponding Section are no longer
true and correct in all material respects. It is specifically agreed that the
Disclosure Letter may be modified, amended and/or supplemented to add
immaterial, as well as material, items thereto. In the event that the Vendor
provides the Purchaser with an amendment, supplement, or modification to the
Disclosure Letter within three Business Days prior to the date that the parties
intend to close the transaction contemplated in this Agreement, the parties
agree to extend the Closing Date for a period of three Business Days from the
date of delivery of such information, or otherwise as the parties may agree. In
the event that the amendment, supplement or modification to the Disclosure
Letter constitutes a Material Adverse Effect, then the Purchaser may, at its
election within 3 Business Days of receipt, terminate its obligation to complete
the transactions contemplated hereby by notice in writing to the Vendor. For
purposes of determining whether the Vendor is subject to any claim for
indemnification under this Section 6.01 following the Closing Date for a breach
of any representation or warranty under this Agreement, the Disclosure Letter
shall be deemed to include the information contained therein on the date hereof
and such other information as may be set forth in any modification, amendment
and/or supplement to the Disclosure Letter delivered by the Vendor to the
Purchaser pursuant to this Section 6.01(13). Disclosure of any fact or item in
the Disclosure Letter shall be deemed to constitute disclosure with respect to
each reasonably related provision of this Agreement. Neither the specification
of any dollar amount in any representation or warranty contained in this
Agreement nor the inclusion of any specific item in the Disclosure Letter is
intended to imply that such amount, or higher or lower amounts, or the item so
included or other items, are or are not material, and no party shall use the
fact of the setting forth of any such amount or the inclusion of any such item
in any dispute or controversy between the parties as to whether any obligation,
item or matter not described herein or included in the Disclosure Letter is or
is not material for purposes of this Agreement. Unless this Agreement
specifically provides otherwise, neither the specification of any item or matter
in any representation or warranty contained in this Agreement nor the inclusion
of any specific item in the Disclosure Letter is intended to imply that such
item or matter, or other items or matters, are or are not in the Ordinary Course
of business. No party shall use the fact of the setting forth or the inclusion
of any such item or matter in any dispute or controversy between the parties as
to whether any obligation, item or matter not described herein or included in
the Disclosure Letter is or is not in the Ordinary Course for purposes of this
Agreement.

     (14) In no event shall the Vendor be required to indemnify the Purchaser
and the Vendor shall have no liability to the Purchaser:

     (a)  to the extent the indemnification obligation or liability arises or is
          increased as a result of any action taken or omitted to be taken by
          the Purchaser or any of its

<PAGE>

                                      -25-

          Affiliates (including any action taken or omitted to be taken by the
          Corporation or any Subsidiary on or after the Closing Date);

     (b)  for any Loss or matter to the extent resulting from a change in
          Applicable Law that becomes effective after the Closing Date;

     (c)  for any Loss or matter to the extent arising from a change in the
          accounting policies or practices of the Corporation or any Subsidiary
          after the Closing; or

     (d)  to the extent that the Vendor is unable to challenge or dispute any
          claim due to the loss or destruction of any relevant Books and Records
          by the Corporation or the Purchaser.

     (15) Notwithstanding anything contained herein to the contrary, the Vendor
shall have no liability for a breach of or inaccuracy in any representation or
warranty if the Purchaser was aware, at or before the Closing Date, of the facts
as a result of which such representation or warranty was breached or inaccurate.

     (16) Any amounts payable under Section 6.01 (other than interest) shall be
treated by the Purchaser and the Vendor as an adjustment to the Purchase Price.

     (17) The obligation of the Vendor to indemnify the Purchaser hereunder for
any particular Loss, insofar as such Loss arises from or in respect of (or is
incurred by) Fundata shall, in all events, be limited to 50% of the dollar
amount of such Loss, which amount may be reduced pursuant to the other
provisions of this Agreement.

                             ARTICLE 7 - TERMINATION

7.01 TERMINATION

          This Agreement may be terminated at any time prior to the Closing
Date:

     (1) by mutual written agreement of the Vendor and the Purchaser; or

     (2) by written notice by either the Vendor or the Purchaser, by the
terminating Party to the other Party, if:

     (a)  the transactions contemplated hereby shall not have been consummated
          by 5:00 p.m., (Toronto time) on December 31, 2005 (the "End Date"),
          subject to the right of the Vendor, in its sole discretion, to extend
          the End Date to such time on a date on or prior to January 31, 2006 by
          notice in writing to the Purchaser, in which case the End Date shall
          be such time on such date; provided, however, that the right to
          terminate this Agreement under this Section 7.01(2)(a)shall not be
          available to any Party whose breach of any provision of this Agreement
          has resulted in the failure of the transactions contemplated hereby to
          occur on or before the End Date; or
<PAGE>

                                      -26-

     (b)  there shall be any Applicable Law that makes consummation of all of
          the transactions contemplated hereby illegal or otherwise prohibited
          or any judgment, injunction, order or decree of any Governmental
          Entity having competent jurisdiction enjoining the Purchaser or the
          Vendor from consummating all of the transactions contemplated hereby
          is entered and such judgment, injunction, order or decree shall have
          become final and non-appealable and, prior to such termination, the
          Parties shall have used their respective commercially reasonable best
          efforts to resist, resolve or lift, as applicable, such judgment,
          injunction, order or decree; or

     (c)  by written notice from the Purchaser, if a breach of any
          representation, warranty, covenant or agreement on the part of the
          Vendor set forth herein shall have occurred, is not cured within
          thirty (30) days after written notice thereof from the Purchaser to
          the Vendor, would cause the conditions set forth in Section 5.02(1)(a)
          or (b) hereof not to be satisfied, and such condition shall be
          incapable of being satisfied by the End Date; or

     (d)  by written notice from the Vendor, if a breach of any representation,
          warranty, covenant or agreement on the part of the Purchaser set forth
          herein shall have occurred, is not cured within thirty (30) days after
          written notice thereof from the Vendor to the Purchaser, would cause
          the conditions set forth in Section 5.03(1)(a) or (b) hereof not to be
          satisfied, and such condition shall be incapable of being satisfied by
          the End Date.

7.02 EFFECT OF TERMINATION

          Termination of this Agreement pursuant to Section 7.01 hereof shall
terminate all rights and obligations of the Parties hereunder and this Agreement
shall become void and have no force or effect. Upon such termination, none of
the Parties shall have any liability to the other Parties hereunder.
Notwithstanding the foregoing, no Party shall be relieved from any liability for
any breach of any of its covenants or agreements in this Agreement prior to such
termination.

                               ARTICLE 8 - GENERAL

8.01 FURTHER ASSURANCES

          Each of the Vendor and the Purchaser shall from time to time execute
and deliver all such further documents and instruments and do all acts and
things as the other party may, either before or after the Closing Date,
reasonably require to effectively carry out or better evidence or perfect the
full intent and meaning of this Agreement.

8.02 TIME OF THE ESSENCE

          Time shall be of the essence of this Agreement.

<PAGE>

                                      -27-

8.03 COMMISSIONS

          Each Party shall indemnify and save harmless the other from and
against any claims whatsoever for any commission, brokers fees, finders fees or
other similar remuneration payable or alleged to be payable to any Person by the
Party providing the indemnity in respect of the sale and purchase of the Shares.

8.04 CONFIDENTIALITY AND PUBLIC ANNOUNCEMENTS

          Neither Party shall make any public announcement or press releases
concerning, or otherwise disclose the existence or the contents of, this
Agreement without the prior written consent of the other except as required by
Applicable Law, stock exchange regulation or, in the case of the Vendor and its
Affiliates (including Fundata) the terms of any Contract in effect on the date
hereof.

8.05 BENEFIT OF THE AGREEMENT

          This Agreement shall enure to the benefit of and be binding upon the
respective heirs, executors, administrators, successors and permitted assigns of
the parties hereto including each successor in interest of the Vendor (including
Hollinger Canadian Publishing Holdings Co.) and the nominee of the Purchaser
that acquires the Shares from the Vendor at Closing.

8.06 ENTIRE AGREEMENT

          This Agreement (together with the Schedules and the Disclosure Letter)
constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and cancels and supersedes any prior understandings and
agreements between the parties hereto with respect thereto (including the Letter
of Intent). There are no representations, warranties, terms, conditions,
undertakings or collateral agreements, express, implied or statutory, between
the parties other than as expressly set forth in this Agreement.

8.07 AMENDMENTS AND WAIVER

          No modification of or amendment to this Agreement shall be valid or
binding unless set forth in writing and duly executed by both of the parties
hereto and no waiver of any breach of any term or provision of this Agreement
shall be effective or binding unless made in writing and signed by the party
purporting to give the same and, unless otherwise provided, shall be limited to
the specific breach waived.

8.08 ASSIGNMENT

          This Agreement may not be assigned by either the Vendor or the
Purchaser without the prior written consent of the other.

8.09 NOTICES

          Any demand, notice or other communication to be given in connection
with this Agreement shall be given in writing and shall be given by personal
delivery, by registered mail or by electronic means of communication addressed
to the recipient as follows:

<PAGE>

                                      -28-

          To the Vendor:

          c/o Hollinger International Inc.
          712 Fifth Avenue
          New York, New York
          10019

          Facsimile No.: (212) 586-0010

          Attention: General Counsel

          With a copy to:

          McCarthy Tetrault LLP
          Suite 4700, 66 Wellington Street West
          TD Bank Tower, TD Centre
          Toronto, Ontario
          M5K 1E6

          Facsimile No.: (416) 868-0673

          Attention: David A. Judson

          To the Purchaser:

          Glacier Ventures International Corp.
          1970 Alberta Street
          Vancouver, British Columbia
          V5Y 3X4

          Facsimile No.: (604) 879-1483

          Attention: Jonathan Kennedy

<PAGE>

                                      -29-

          With a copy to:

          Farris, Vaughan, Wills & Murphy LLP
          P.O. Box 10026, 700 W. Georgia Street
          Vancouver, British Columbia
          V7Y 1B3

          Facsimile No.: (604) 661-9349

          Attention: Elizabeth Harrison

          To Hollinger International:

          712 Fifth Avenue
          New York, New York
          10019

          Facsimile No.: (212) 586-0010

          Attention: General Counsel

          With a copy to:

          McCarthy Tetrault LLP
          Suite 4700, 66 Wellington Street West
          TD Bank Tower, TD Centre
          Toronto, Ontario
          M5K 1E6

          Facsimile No.: (416) 868-0673

          Attention: David A. Judson

or to such other address, individual or electronic communication number as may
be designated by notice given by either party to the other. Any demand, notice
or other communication given by personal delivery shall be conclusively deemed
to have been given on the day of actual delivery thereof and, if given by
registered mail, on the second Business Day following the deposit thereof in the
mail and, if given by electronic communication, on the day of transmittal
thereof if given during the normal business hours of the recipient and on the
Business Day during which such normal business hours next occur if not given
during such hours on any day. If the party giving any demand, notice or other
communication knows or ought reasonably to know of any difficulties with the
postal system which might affect the delivery of mail, any such demand, notice
or other communication shall not be mailed but shall be given by personal
delivery or by electronic communication.

<PAGE>

                                      -30-

8.10 SEVERABILITY

          If any term or other provision of this Agreement is invalid, illegal
or incapable of being enforced by any rule of law or public policy, all other
conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any
Party. Upon such determination that any term or other provision is invalid,
illegal or incapable of being enforced, the Parties shall negotiate in good
faith to modify this Agreement so as to effect the original intent of the
Parties as closely as possible in an acceptable manner to the end that
transactions contemplated hereby are fulfilled to the extent possible.

8.11 PARTIES IN INTEREST

          This Agreement shall be binding upon, inure solely to the benefit of
and be enforceable by each Party and their respective successors and assigns
hereto, and nothing in this Agreement, express or implied, is intended to or
shall confer upon any other Person (including, without limitation, any lenders
to the Purchaser) other than the Parties any right, benefit or remedy of any
nature whatsoever under or by reason of this Agreement.

8.12 EXPENSES

          Except as otherwise expressly set forth in this Agreement all fees and
expenses incurred in connection herewith and the transactions contemplated
hereby shall be paid by the Party incurring such expenses, whether or not the
transactions contemplated hereby are consummated. Notwithstanding the foregoing
or anything to the contrary contained herein, in the event that any dispute
among the Parties results in litigation, arbitration, mediation or any other
contest, the prevailing party in such dispute shall be entitled to recover from
the losing party all fees, costs and expenses of enforcing any right of such
prevailing party with respect to this Agreement, including, without limitation,
reasonable attorney's fees and expenses.

8.13 GOVERNING LAW; ATTORNMENT

          This Agreement shall be governed by, and construed in accordance with,
the law of the Province of Ontario and the laws of Canada applicable therein.
For the purposes of all legal proceedings, this Agreement shall be deemed to
have been performed in the Province of Ontario and the courts of the Province of
Ontario shall have jurisdiction to entertain any action arising under this
Agreement. Each of the Parties hereby irrevocably and unconditionally attorn to
the exclusive jurisdiction of the courts of the Province of Ontario located in
the City of Toronto, for any litigation arising out of or relating to this
Agreement and the transactions contemplated hereby, and further agrees that
service of any process, summons, notice or document by Canadian registered mail
to its respective address set forth herein shall be effective service of process
for any litigation brought against it in any such court. It is understood and
agreed that upon service of an originating process by registered mail as
provided herein, the solicitors for the plaintiffs in the action may accept
service of the Statement of Claim on behalf of the solicitors for the defendants
in the action, effective on the fifth day following mailing of the Statement of
Claim, and may thereafter take whatever steps are permitted under the Ontario
Rules of Civil Procedure in respect of an originating process for which service
has been accepted by a solicitor. Each of the Parties hereby irrevocably and
unconditionally

<PAGE>

                                      -31-

waives any objection to the laying of venue of any litigation arising out of
this Agreement and the transactions contemplated hereby in the courts of the
Province of Ontario, and hereby further irrevocably and unconditionally waives
and agrees not to plead or claim in any such court that any such litigation
brought in any such court has been brought in an inconvenient forum.

8.14 COUNTERPARTS; FACSIMILE

          This Agreement may be executed and delivered in one or more
counterparts and via facsimile, and by the Parties in separate counterparts,
each of which when executed and delivered shall be deemed to be an original but
all of which taken together shall constitute one and the same agreement.

8.15 WAIVER

          Subject to the limitations contained in this Agreement, the failure of
a party to require performance of any provision hereof shall not affect its
right at a later time to enforce the same. No waiver by a party of any term,
covenant, representation or warranty contained herein shall be effective unless
in writing. No such waiver in any one instance shall be deemed a further or
continuing waiver of any such term, covenant, representation or warranty in any
other instance.

8.16 DISCLAIMER

          The Vendor disclaims any representations or warranties except as
specifically set forth in this Agreement. In particular, the Vendor disclaims
any representation or warranty, and the Purchaser agrees that the Vendor shall
not have any liability, with respect to any information concerning the Vendor,
the Corporation, and Fundata not expressly represented and warranted to in this
Agreement, including, without limitation, any information regarding the Vendor,
the Corporation, and Fundata provided at any management presentation related to
the transactions contemplated by this Agreement.

8.17 WAIVER OF JURY TRIAL

          Each Party hereby waives to the fullest extent permitted by Applicable
Law, any right it may have to a trial by jury in respect of any litigation
directly or indirectly arising out of, under or in connection with this
Agreement or any transaction contemplated hereby.

<PAGE>

                                      -32-

          IN WITNESS WHEREOF the parties have executed this Agreement.

                                        GLACIER VENTURES INTERNATIONAL CORP.

                                        Per:
                                             -----------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        Per:
                                             -----------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        HCPH CANADIAN NEWSPAPER HOLDINGS CO.

                                        Per:
                                             -----------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        HOLLINGER INTERNATIONAL INC.

                                        Per:
                                             -----------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

<PAGE>

                                SCHEDULE 1.01(N)

                                DISCLOSURE LETTER

<PAGE>

                               SCHEDULE 3.01(1)(Y)

                          FUNDATA FINANCIAL STATEMENTS

<PAGE>

                                  SCHEDULE 4.05

                   HOLLINGER PRE-CLOSING REORGANIZATION STEPS

<PAGE>

                               SCHEDULE 5.01(1)(B)

                              CONSENTS AND FILINGS

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