Document:

EXHIBIT 10.6

                         SPECIMEN CONVERTIBLE DEBENTURE

THIS DEBENTURE IS OFFERED ONLY IN THOSE JURISDICTIONS AND TO THOSE PERSONS WHERE
AND TO WHOM THEY MAY BE LAWFULLY OFFERED FOR SALE. THIS IS NOT, AND IN NO
CIRCUMSTANCES IS TO BE CONSTRUED AS, A PUBLIC OFFERING OF THIS DEBENTURE. NO
SECURITIES COMMISSION OR SIMILAR AUTHORITY IN CANADA OR IN ANY OTHER
JURISDICTION HAS REVIEWED THIS DEBENTURE OR IN ANY WAY PASSED UPON THE MERITS OF
IT AND ANY REPRESENTATION TO THE CONTRARY IS AN OFFENCE. PERSONS WHO WILL BE
ACQUIRING THIS DEBENTURE WILL NOT HAVE THE BENEFIT OF THE REVIEW OF THIS
MATERIAL BY ANY SECURITIES COMMISSION OR SIMILAR AUTHORITY. THIS DEBENTURE HAS
NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND, SUBJECT TO CERTAIN
EXEMPTIONS, MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OF AMERICA.

                                  TRIPLE-C-INC.
                            (An Ontario Corporation)

______________% SUBORDINATED CONVERTIBLE DEBENTURE DUE __________________, 2001
Debenture No. ___________________

____________, 2000

$___________ CDN                             Hamilton, Ontario

         TRIPLE-C-INC., an Ontario corporation (the "Company"), for value
received, hereby promises to pay to ("Holder"), the principal sum of ___________
Dollars and _____________ cents CDN., together with interest at the rate of
_______percent (____%) per annum (computed on the basis of actual days elapsed
and a year of three hundred sixty five (365) days) accrued on such principal sum
both before and after maturity, default or judgement until all obligations under
this Debenture have been satisfied. For purposes of the Interest Act (Canada),
annual interest may be calculated for any year by multiplying _______% by a
fraction, the numerator of which is the number of days in the year and the
denominator of which is 365. Interest provided for herein shall begin to accrue
as and from the date of issuance of this Debenture set forth above and shall be
paid once in respect of each fiscal quarter of the Company ending after the date
of the issuance of this Debenture, on the first business day of the next fiscal
quarter. The principal sum and all accrued and unpaid interest thereon shall be
paid in full on ________________, 2001 ("Maturity Date"). Payment of the
principal sum and interest accrued on this Debenture shall be made at the
principal offices of the Company, or such other place as the Holder and the
Company may agree, by regular cheque of the Company payable in Canadian dollars.
This Debenture is subject to the following terms and conditions:

                                    ARTICLE I
                                   DEFINITIONS

1.1      Defined Terms. As used in this Debenture, the following terms, where
         used with an initial capital letter, have the following meanings:

         "Business Day" means a day other than a Saturday, Sunday or any day
         which is a statutory holiday in the Province of Ontario.

         "Common Shares" means common shares without par value in the capital of
         the Company, whether issued or unissued, as constituted at the date
         hereof; provided that in the event of a change, reclassification,

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         subdivision, redivision, reduction, combination or consolidation
         thereof, "Common Shares" shall thereafter mean the shares resulting
         from such change, reclassification, subdivision, redivision, reduction,
         combination or consolidation.

         "Company" means Triple-C-Inc., an Ontario corporation, and shall also
         include its successors and assigns.

         "Exercise Date" means the date upon which the Holder exercises its
         Conversion Rights in accordance with the terms of paragraph (c) of
         Appendix A.

         "Holder" means the registered Holder of this Debenture. The Company
         shall not be obliged to give effect to or recognize any trust
         obligation of any registered holder.

         "IPO" or "Initial Public Offering" means the issue of Common Shares (or
         securities convertible into or exchangeable for Common Shares of the
         Company) by the Company pursuant to a final prospectus for which a
         receipt is issued by a securities commission or similar regulatory body
         in Canada and/or pursuant to an effective registration statement filed
         with the United States Securities and Exchange Commission to enable the
         sale of Common Shares to members of the public, or the issue of any
         shares to the shareholders of the Company by a corporation which is a
         reporting issuer in a Province of Canada or public company in any
         jurisdiction, pursuant to a reverse take-over bid, statutory
         amalgamation, statutory arrangement or similar transaction involving
         the Company.

         "Senior Debt" means any debt or liability of any nature and kind which
         is a secured obligation of the Company including, without limiting the
         generality of the foregoing, any indebtedness pursuant to a finance
         lease or title relation agreement, and all indebtedness, liabilities
         and obligations, present or future, direct or indirect absolute or
         contingent, matured or not, and whether or not secured, in favour of
         any third party lending institution ("Senior Lender") whether on
         account of a term loan, operating line or any other type of credit
         facility.

1.2      Expressions. The expressions "herein", "hereto", "hereunder", "hereof"
         and similar expressions mean or refer to this Debenture and to any
         particular section, clause, subclause or portion hereof.

1.3      Appendices. Each of Appendix A forms an integral part of this
         Debenture.

                                   ARTICLE II
                                  SUBORDINATION

2.1      Payment. Payment of the principal sum of and interest of the
         indebtedness evidenced by this Debenture shall be subordinate, and
         subject in the right of payment, to the prior payment of the Senior
         Debt. In this regard the Holder shall execute and deliver the form of
         Subordination and Postponement Agreement annexed hereto as Exhibit I or
         such other form as may be reasonably required by Senior Lender from
         time to time. In the event of liquidation of the Company or during the
         continuation of any default in respect of any Senior Debt continuing
         beyond the period of grace specified in respect of such Senior Debt,
         then unless and until such default is cured or waived, no payment or
         distribution of assets of the Company of any character, whether cash,
         securities, or other property, will be paid or delivered with respect
         to the principal sum of and interest accrued on this Debenture until
         the Senior Debt has been paid in full. This Debenture is an unsecured
         obligation of the Company that shall rank in parity with all other
         unsecured debt of the Company other than the Senior Debt which shall
         rank in priority regardless of whether all or any portion of the Senior
         Debt is unsecured.

2.2      Nonimpairment of Company's Obligations. Nothing contained in this
         Article II is intended to, or will:

         (i)      impair, as between the Company, its creditors, and the Holder,
                  the obligation of the Company, which is absolute and
                  unconditional, to pay to the Holder the principal sum of, and
                  interest accrued on this Debenture, as and when the same
                  become due and payable in accordance with its terms; or

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         (ii)     affect the relative rights of the Holder and other creditors
                  or the Company other than the holders of Senior Debt.

Nothing contained in this Debenture will prevent the holder from exercising all
remedies otherwise permitted by applicable law upon any default under this
Debenture, subject to the rights of the holders of the Senior Debt.

                                   ARTICLE III
                                   PREPAYMENT

3.1      Right of Prepayment. Subject to the provisions contained in Article II
         hereof, the Company may, at its sole option, at any time prior to
         maturity, prepay all or any part of the principal sum of this Debenture
         (the "Prepayment"), upon notice given to the Holder as provided in
         section 3.2 below, by paying to the Holder such payment of principal
         sum together with interest then accrued on the principal sum of this
         Debenture to the date fixed for such payment (the "Prepayment Amount").
         Notwithstanding the foregoing, the Company shall not be entitled to
         make a prepayment after the closing of the IPO up to and including the
         Time of Expiry (as defined in paragraph (j) of Appendix A) at which
         time the Company shall thereafter be entitled to make a Prepayment.

3.2      Notice of Prepayment. Notice of Prepayment shall be given to the Holder
         by registered or certified mail, a notice of such Prepayment not less
         than fifteen (15) days before the date fixed for prepayment, to the
         Holder's last address as shown on the register of Debentureholders.
         Such notice will specify (i) the date fixed for payment, (ii) the
         amount of principal sum of the Debenture to be prepaid, (iii) the
         amount of interest accrued on the principal sum of the Debenture to the
         date fixed for prepayment, and (iv) the place of payment of the
         Prepayment Amount.

3.3      Payment. Provided notice has been given as required in section 3.2
         above, the Prepayment Amount specified in such notice shall become due
         and payable on the date and place stated in such notice upon
         presentation and surrender of this Debenture, or the part of this
         Debenture specified in such notice.

                                   ARTICLE IV
                                CONVERSION RIGHT

4.1      Conversion of Debenture. The Holder may, at his/her/its option, convert
         the unpaid principal sum of this Debenture, into Common Shares of the
         Company (the "Conversion Stock") at the conversion rate and upon the
         terms and conditions and subject to the adjustments set forth in
         Appendix A to this Debenture (the "Conversion Right"), which is
         incorporated into and forms an integral part hereof.

4.2      Conversion Stock Fully Paid: Reservation of Shares. The Company
         covenants and agrees that all Conversion Stock that may be issued upon
         the exercise of the Conversion Right referred to in section 4.1 above
         will, upon issuance in accordance with the terms of Appendix A, be
         fully paid and non-assessable and free from all taxes, liens and
         charges (except for taxes, if any, upon the income of the Holder and
         applicable transfer taxes). The Company further covenants and agrees
         that the Company will at all times have authorized and reserved a
         sufficient number of its Common Shares for the purpose of issue upon
         the exercise of such conversion privileges.

4.3      Adjustment of Number of Shares and Conversion Price. The number of
         shares of Common Shares issuable upon conversion of the Debentures and
         the conversion price with respect thereto shall be subject to
         adjustment from time to time as set forth in Appendix A.

4.4      Accrued Interest. Upon conversion of the whole principal sum of this
         Debenture, or any part thereof, the Company shall pay to the Holder all
         interest then accrued on the whole principal of the Debenture, or in
         the case of a partial conversion, interest then accrued upon the
         portion of the principal sum of the Debenture converted, to the date of
         exercise of the conversion privilege.

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                                    ARTICLE V
                    CONSOLIDATION, MERGER, SALE OR CONVEYANCE

5.1      General. Nothing contained in this Debenture shall prevent (i) any
         consolidation, merger or other amalgamation of the Company with or into
         any other corporation or corporations, or successive consolidations,
         mergers or other amalgamation in which the Company or its successors is
         a party or parties, or (ii) shall prevent any sale or conveyance of
         Company assets as an entirety or any part thereof to any other
         corporation, partnership, association or other entity, or (iii) shall
         prevent any sale or conveyance of Company assets as an entirety or any
         part thereof to any other corporation, partnership, association or
         other entity of which the Company is the majority owner or general
         partner or managing general partner. The successor company resulting
         from any consolidation, merger or amalgamation will succeed to and be
         substituted for the Company, with the same effect as if it had been
         named in this Debenture in the Company's place and be liable for the
         due and punctual payment of the principal sum of, and interest accrued
         on this Debenture according to its terms.

                                   ARTICLE VI
                                     DEFAULT

6.1      Rights on Default. If a payment of principal or interest is not made
         when due hereunder, the Holder may declare the principal sum of this
         Debenture, together with any accrued and unpaid interest, not already
         due, to be due and payable immediately.

6.2      Enforcement. If the Holder declares the principal sum of this
         Debenture, together with all accrued and unpaid interest thereon, due
         and payable immediately, the Holder may proceed, subject, however, to
         all the terms and conditions of Article II, to protect and enforce
         his/her/its rights by action at law, suit in equity, or other
         appropriate proceeding.

                                   ARTICLE VII
                                  MISCELLANEOUS

7.1      Restrictions on Transfer. The Debenture cannot be transferred without
         the prior written consent of the Company and, in any event, may not be
         transferred to any person where the issue of Common Shares on the
         exercise of the Conversion Right would require the Company to become a
         reporting or public issuer. The Common Shares issued on the exercise of
         the Conversion Right may be subject to restraints or restrictions on
         transfer.

7.2      Amendments This Debenture is one of a series of Debentures (the "Series
         Debentures") having the same terms and conditions. This Debenture may
         be amended if such amendment is authorized by the Company and the
         holders of 66 2/3% of the aggregate principal sum of all Series
         Debentures.

7.3      Immunity. This Debenture is solely a corporate approval obligation of
         the Company, and no personal liability for payment whatever shall
         attach to, or is or will be incurred by, the directors, officers and/or
         shareholders of the Company, or any of them, arising from or in
         connection with the Company's indebtedness created under this
         Debenture, or by reason of the obligations, covenants, or agreements
         contained in or implied from this Debenture. However, this section 7.3
         is not intended to modify or otherwise affect the common law and
         statutory rights and obligations of the Company, its directors,
         officers and shareholders otherwise applicable, as of the date hereof.

7.4      Withholding Tax. All payments will be made net of any required Canadian
         withholding tax.

7.5      Notices. All notices, requests, demands, and payments of principal and
         interest given to or made upon any party under this Debenture shall,
         except as otherwise provided for in this Debenture, be in writing and
         shall be sufficiently given if delivered or mailed by first class
         registered or certified mail, postage prepaid and will be effective and
         shall be deemed to have been received upon the earlier of (i) receipt
         or (ii) the third (3rd) Business Day following the date such notice was
         mailed as aforesaid properly addressed to the Company and to the Holder
         at his/her/its address as follows:

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As to the Company:         Triple-C-Inc.
                           8 Burford Road
                           Hamilton, Ontario
                           L8E 5B1

As to the Holder:          ____________________________
                           ____________________________
                           ____________________________
                           ____________________________

Any party hereto may change his/her/its address for service from time to time by
notice given to each of the other parties hereto in accordance with the
foregoing.

7.6      Headings. The headings of articles, sections and subsections in this
         Debenture are inserted and named for convenience only, and will not
         affect the meaning or interpretation of any or all of any such article,
         section and subsection in this Debenture.

7.7      Governing Law. This Debenture shall be deemed to be made and entered
         into pursuant to the laws of the Province of Ontario. In the event of
         any dispute hereunder, this Debenture shall be governed by and shall be
         constructed in accordance with the laws of the Province of Ontario.

7.8      Payment Date. In the event where the date of maturity of principal or
         interest on this Debenture is not a business day, then payment of
         principal and/or interest to the Holder need not be made on such date,
         but may be made on the next succeeding business day with the same force
         and effect as if made on the date of maturity or the date fixed for
         prepayment and no interest shall accrue for the period after such date.

7.9      Construction. Wherever possible, each provision of this Debenture shall
         be interpreted in such a manner as to be effective and valid under
         applicable laws, but if any provision of this Debenture is prohibited
         by or invalid under applicable laws, such provision will be ineffective
         and/or invalid only to the extent of such prohibition or invalidity
         without invalidating the remainder of such provision or the remaining
         provisions of this Debenture.

7.10     Entire Agreement. This Debenture, together with Appendix A, constitutes
         the entire agreement among the parties herein with respect to the
         subject matter hereof and supersedes all prior agreements,
         understandings, negotiations and discussions, whether oral or written,
         of the parties. There are no warranties, representations or agreements
         among the undersigned and this Company in connection with the subject
         matter hereof, except as set forth or referred to herein. No
         supplement, modification or waiver or termination of this Debenture
         shall be binding unless in writing executed by the Company and Holder.
         No waiver of any of the provisions of this Debenture shall constitute a
         waiver of any other provision, nor shall waiver constitute a continuing
         waiver unless otherwise expressly provided.

         IN WITNESS WHEREOF, the Corporation has caused this Debenture to be
executed by its duly authorized officer.

         DATED: ___________________

                                       TRIPLE-C-INC.

                                       Per:
                                            --------------------------------
                                               Authorized Signing Officer

<PAGE>

                                   APPENDIX A

The provisions of this Appendix A form an integral part of the Debenture issued
by Triple-C-Inc. All defined terms used in this Appendix without separate
definition shall have the meaning attributed thereto in the Debenture.

(a)      Conversion Right. The Conversion Right is exercisable only upon
         completion of the IPO at any time prior to the Time of Expiry and may
         be exercisable in whole or part, provided that the principal sum of the
         Debenture shall be convertible in increments of $10,000. To the extent
         the entire principal sum of the Debenture is not converted into Common
         Shares as aforesaid, the Company, upon surrender of the Debenture,
         shall issue a new Debenture representing the balance of the principal
         sum. The number of shares of Conversion Stock issuable on conversion
         shall be determined as follows: the principal sum of the Debenture
         being converted shall be divided by eighty percent (80%) of the per
         share price (the "Conversion Price") at which the shares issued (the
         "Issue Price") as part of the IPO are sold by the Company.

(b)      Conversion Adjustments. The Conversion Price and the number and kind of
         securities which may be received upon the exercise of the Conversion
         Right shall be subject to adjustment from time to time upon the
         happening of certain events, as follows:

         (i)      Stock Splits and Combinations. If the Company shall at any
                  time from time to time after the date of the IPO effect a
                  subdivision of its outstanding shares, the Conversion Price
                  then in effect immediately before such subdivision shall be
                  proportionately decreased, and conversely, if the Company
                  shall at any time or from time to time after the date hereof
                  combine its outstanding Common Shares, the Conversion Price
                  then in effect immediately before such combination shall be
                  proportionately increased. Any adjustment under this section
                  shall become effective upon the close of business on the date
                  the subdivision or combination becomes effective.

         (ii)     Certain Dividends and Distributions. If the Company shall at
                  any time or from time to time after the date of the IPO make
                  or issue, or fix a record date for the determination payable
                  in additional Common Shares entitled to receive a dividend or
                  other distribution payable in additional Common Shares, then
                  and in each such event, the Conversion Price then in effect
                  shall be decreased as of the time of such issuance or, in the
                  event that such a record date shall have been fixed, as of the
                  close of business on such record date, by multiplying the
                  Conversion Price then in effect by a fraction:

                  (1)      the numerator of which shall be the total number of
                           shares of Common Shares issued and outstanding
                           immediately prior to the time of such issuance or the
                           close of business on such record date; and

                  (2)      the denominator of which shall be the sum of the
                           total number of Common Shares issued and outstanding
                           immediately prior to the time of such issuance or the
                           close of business on such record date and the number
                           of Common Shares issuable in payment of such dividend
                           or distribution; provided, however, that if such
                           record date shall have been fixed and such dividend
                           is not fully paid or if such distribution is not
                           fully made on the date fixed therefor, the Conversion
                           Price shall be recomputed accordingly as of the close
                           of business on such record date and thereafter such
                           Conversion Price shall be adjusted pursuant to this
                           subsection as of the time of actual payment of such
                           dividends or distributions.

(c)      Exercise of Conversion Right. Subject to paragraph (a) of Appendix A,
         the Conversion Right may be exercised at any time prior to the Time of
         Expiry by notice in writing given by the Holder to the Company stating
         that he/she/it wishes to exercise such Conversion Right, the principal
         sum of the Debenture to be converted and shall be accompanied by the
         surrender of the Debenture. The Common Shares issuable on the exercise
         of the Conversion Right shall be deemed to be issued to the Holder as
         the owner of record of such securities as of the close of business on
         the date on which the Debenture, shall have been so surrendered.
         Certificates for the Common Shares, evidencing the aggregate number of
         securities for which the Holder is entitled upon the exercise of the
         Conversion Right, shall be delivered to the Holder within a reasonable
         time, not exceeding five Business Days, after the Exercise Date.
         Certificates for the Common

<PAGE>

         Shares so delivered shall be in such denomination as the Holder may
         request in writing and shall be registered in the name of the Holder or
         such other name as the Holder may designate in writing.

(d)      Other Dividends and Distributions. If the Company at any time or from
         time to time after the date hereof shall make or issue, or fix a record
         date for the determination of holders of Common Shares entitled to
         receive, a dividend or other distribution payable in securities of the
         Company other than Common Shares, then and in each such event
         provisions shall be made so that the Holder shall receive, upon
         conversion of this Debenture, in addition to the number of Common
         Shares receivable thereupon, the amount of securities or property of
         the Company which such holder would have received had this Debenture
         been converted into Common Shares on the date of such event and had
         thereafter, during the period form the date of such event to and
         including the Conversion Date, retained such securities (together with
         any distributions payable thereon during such period) receivable by the
         holder as aforesaid during such period, giving application to all
         adjustments called for during such period under this section with
         respect to the rights of the Holder.

(e)      Reclassification, Exchange or Substitution. If the Common Shares
         issuable upon the conversion of this Debenture shall be changed into
         the same or different number of shares of any class or classes of
         capital stock, whether by capital reorganization, reclassification or
         otherwise (other than a subdivision or combination of shares or stock
         dividend provided for above, or a reorganization, merger, consolidation
         or sale of assets provided for in subsection (e) below), then and in
         each such event, the holder of this Debenture shall have the right
         thereafter to convert this Debenture into the kind and amount of shares
         of capital stock and other securities and property receivable upon such
         reorganization, reclassification or other change, as the holder of the
         number of Common Shares into which this Debenture might have been
         converted immediately prior to such reorganization, reclassification or
         change, all subject to further adjustment as provided herein.

(f)      Reorganization, Merger, Consolidation of Assets. If, at any time or
         from time to time, there shall be a capital reorganization Common
         Shares (other than a subdivision, combination, reclassification or
         exchange of shares provided for elsewhere in this section) or a merger
         or consolidation of the Company with or into another corporation, then
         as a part of such reorganization, merger or consolidation, provision
         shall be made so that the Holder of this Debenture shall thereafter be
         entitled to receive upon conversion of this Debenture, the number of
         shares of capital stock or other securities or property of the Company,
         or of the successor corporation resulting from such merger or
         consolidation or sale, to which the holder of Common Shares deliverable
         upon conversion would have been entitled on such reorganization,
         merger, consolidation, or sale. In any such case, appropriate
         adjustment shall be made in the application of the provisions of this
         section with respect to the rights of the holder of this Debenture
         after the reorganization, merger, consolidation or sale to the end that
         the provisions of this section (including adjustments of the Conversion
         Price then in effect and the number of Common Shares receivable upon
         conversion of this Debenture) shall be applicable after that event as
         nearly equivalent hereto as may be practicable.

(g)      Certificate of Adjustment. Upon the occurrence of each adjustment or
         readjustment of the applicable Conversion Price pursuant to this
         section, Company shall promptly compute such adjustment or readjustment
         in accordance with the terms hereof and prepare and furnish to Holder a
         certificate, signed by a senior officer of the Company, setting forth
         such adjustments or readjustment and showing in detail the facts upon
         which such adjustment or readjustment is based.

(h)      Notices of Record Date.  If after the IPO date:

         (i)      the Company shall set a record date for the purpose of
                  entitling the holders of Common Shares to receive a dividend,
                  or any other distribution, payable otherwise than in cash;

         (ii)     the Company shall set a record date for the purpose of
                  entitling the holders of shares of Common Stock to subscribe
                  for or purchase any shares of any class or to receive any
                  other rights;

         (iii)    there shall occur any capital reorganization of the Company,
                  reclassification of the shares of capital stock of the Company
                  (other than a subdivision or combination of its outstanding
                  shares of Common Stock), consolidation or merger of the
                  Company with or into another corporation, or sale of all or
                  substantially all of the assets of the Company; or

<PAGE>

         (iv)     there shall occur a voluntary or involuntary dissolution,
                  liquidation, or winding up of the Company;

                  then, and in any such case, the Company shall cause to be
                  mailed to the holder of record of this Debenture, at least
                  thirty (30) days prior to the dates hereinafter specified, a
                  notice stating the date: (A) which has been set as the record
                  date for the purpose of such dividend, distribution, or
                  rights; or (B) on which such reclassification, reorganization,
                  consolidation, merger, sale, dissolution, liquidation or
                  winding up is to take place and the record date as of which
                  the holder of record shall be entitled to exchange this
                  Debenture for securities or other property deliverable upon
                  such reclassification, reorganization, consolidation, merger,
                  sale, dissolution, liquidation or winding-up.

(i) No Fractional Shares. Notwithstanding any adjustments provided for in this
Appendix "A" or otherwise, the Company shall not be required upon the exercise
of the Conversion Right to issue fractional Common Shares in satisfaction of its
obligations hereunder. Where a fractional common share would, but for this
paragraph (i) have been issued upon exercise of the Conversion Right, in lieu
thereof, there shall be paid to the Holder an amount equal (rounded to the
nearest $0.01) to the product obtained by multiplying such fractional share
interest by the Issue Price, which payment shall be made within ten Business
Days following the Exercise Date.

(j) Time of Expiry. For the purposes this Appendix A, "Time of Expiry" shall be
the earlier of: (i) the date on which the entire principal sum of the Debenture
has been paid, whether as a prepayment or on the Maturity Date; (ii) the
Maturity Date; or (iii) 15 days following receipt by the Holder of a notice from
the Company advising the Holder that the Company has completed its IPO.

<PAGE>

                                    EXHIBIT 1
                            TO CONVERTIBLE DEBENTURE

         THIS AGREEMENT is made the ___th day of ______________, 2000 between
Congress Financial Corporation (Canada) (the "Lender") and _________________(the
"Subordinate Creditor") and Triple-C-Inc. (the "Borrower").

         WHEREAS pursuant to a loan agreement dated as of _____________________,
___________________________(such agreement and all amendment, modifications,
restatements, supplements and replacements entered into from time to time being
referred to herein as the "Loan Agreement") between the Borrower and the Lender,
the Lender has agreed to extend credits to the Borrower;

         AND WHEREAS the Borrower is indebted to the Subordinate Creditor
pursuant to a subordinated convertible debenture (the "Debenture") dated
_______________, 2000, a copy of which is attached hereto as Schedule "A";

         AND WHEREAS the Subordinate Creditor has agreed to subordinate
repayment by the Borrower of all indebtedness owing to it, to the repayment by
the Borrower of all present and future indebtedness and liability of the
Borrower to the Lender including, without limitation, all indebtedness of the
Borrower outstanding at any time and from time to time under the Loan Agreement;

         NOW THEREFORE for good and valuable consideration (the receipt and
sufficiency of which is hereby acknowledged), the parties hereto make the
following covenants, acknowledgements and agreements.

1. Subordination and Postponement: The Borrower and the Subordinate Creditor
hereby covenant and agree that all indebtedness, liabilities and obligations,
present or future, direct or indirect, absolute or contingent, matured or not,
at any time owing by the Borrower to the Subordinate Creditor (the "Subordinate
Debt") are hereby deferred, postponed and subordinated in all respects by the
Subordinate Creditor to the prior repayment in full by the Borrower of all
indebtedness, liabilities and obligations, present or future, direct or
indirect, absolute or contingent, matured or not, at any time owing by the
Borrower to the Lender (the "Senior Debt").

2. Repayment of Subordinate Debt: Until the Senior Debt has been paid in full
and the Loan Agreement has been terminated, no payment (including, but not
limited to, principal and interest), prepayment or repayment on account of, or
other distribution in respect of, the Subordinate Debt shall be made by the
Borrower except that the Borrower may, prior to the occurrence of an event of
default that is continuing under the Loan Agreement, make scheduled interest and
principal payments pursuant to the Debenture. Notwithstanding the foregoing, the
Borrower shall not be entitled to make any payments under the Debenture if an
event of default would result from such payment or if the Borrower is not or
would not be in compliance with all of the terms, conditions and covenants
contained in the Loan Agreement (including, without limitation, Section 9.9).
The Borrower and the Subordinate Creditor covenant and agree in favour of the
Lender that, so long as any Senior Debt remains outstanding, no amendment will
be made to the Debenture resulting in an increase or an acceleration in any
amount payable by the Borrower to the Subordinate Creditor thereunder.

3. No Security: The Subordinate Creditor represents that it has not received any
security from the Borrower in respect of the Subordinated Debt and covenants in
favour of the Senior Creditor that during the term of this Agreement, it shall
not possess any security for the Subordinated Debt.

4. Restriction on Enforcement: The Subordinate Creditor agrees that it shall not
take any steps whatsoever to enforce the Subordinate Debt (including, without
limitation, rights of set-off, commencement of bankruptcy proceedings,
initiating an action, appointing or making application to a court for an order
appointing an agent or a receiver or receiver manager or by any other means of
enforcement whatsoever) unless the Subordinate Creditor has provided written
notice to the Lender of the occurrence of an event of default under the
Subordinate Debt and 180 days has expired from the date of such notice and such
event of default has not been cured during such time.

5. Lender's Rights: The Subordinate Creditor agrees that:

         (a)      the Lender, in its absolute discretion or in the absolute
                  discretion of any authorized officer or agent, and without
                  diminishing the obligations of the Subordinate Creditor
                  hereunder, may grant

<PAGE>

                  time or other indulgences to the Borrower and any other person
                  or persons now or hereafter liable to the Lender in respect of
                  the payment of the Senior Debt;

         (b)      the Subordinate Creditor shall not be released or exonerated
                  from its obligations hereunder by extension of time periods or
                  any other forbearance whatsoever, whether as to time,
                  performance or otherwise or by any release, discharge, loss or
                  alteration in or dealing with all or any part of the Senior
                  Debt or by any failure or delay in giving any notice required
                  under this Agreement or under the Senior Debt, the waiver by
                  the Lender of compliance with any conditions precedent to any
                  advance of funds, or by any modification or alteration of the
                  Senior Debt, or by anything done, suffered or permitted by the
                  Lender, or as a result of the method or terms of payment under
                  the Senior Debt or any assignment or other transfer of all or
                  any part of the Senior Debt;

         (c)      the Lender shall not be bound to seek or exhaust any recourse
                  against the Borrower or any other person or against the
                  property or assets of the Borrower or any other person or
                  against any security, guarantee or indemnity before being
                  entitled to the benefit of the Subordinate Creditor's
                  obligations hereunder and the Lender may enforce the various
                  remedies available to it and may realize upon the various
                  security documents, guarantees and indemnities or any part
                  thereof, held by it in such order as the Lender may determine
                  appropriate;

         (d)      the Subordinate Creditor is fully responsible for acquiring
                  and updating information relating to the financial condition
                  of the Borrower and all circumstances relating to the payment
                  or non-payment of the Subordinate Debt; and

         (e)      the Lender shall be entitled to advance its own monies as it
                  sees fit in order to preserve or protect the assets of the
                  Borrower or any part thereof, and all such sums advanced to
                  the extent reasonably advanced to preserve and protect the
                  assets of the Borrower or any part thereof, shall constitute
                  part of the Senior Debt.

6. Liquidation, Dissolution, Bankruptcy, etc.:

         (a)      In the event of distribution, division or application, partial
                  or complete, voluntary or involuntary, by operation of law or
                  otherwise, of all or any part of the assets of the Borrower,
                  or the proceeds thereof, to creditors in connection with the
                  bankruptcy, liquidation or winding-up of the Borrower or in
                  connection with any composition with creditors or scheme of
                  arrangement to which the Borrower is a party, the Lender shall
                  be entitled to receive payment in full (including interest
                  accruing to the date of receipt of such payment at the
                  applicable rate whether or not allowed as a claim in any such
                  proceeding) of the Senior Debt before the Subordinate Creditor
                  is entitled to receive any direct or indirect payment or
                  distribution of any cash or other assets of the Borrower on
                  account of the Subordinate Debt, and the Lender shall be
                  entitled to receive directly, for application in payment of
                  such Senior Debt (to the extent necessary to pay all Senior
                  Debt in full after giving effect to any substantially
                  concurrent payment or distribution to the Lender in respect of
                  the Senior Debt), any payment or distribution of any kind or
                  character, whether in cash or other assets, which shall be
                  payable or deliverable upon or with respect to the Subordinate
                  Debt. To the extent any payment of Senior Debt (whether by or
                  on behalf of the Borrower, as proceeds of security or
                  enforcement of any right of set-off or otherwise) is declared
                  to be a fraudulent preference or otherwise preferential, set
                  aside or required to be paid to a trustee, receiver or other
                  similar person under any bankruptcy, insolvency, receivership
                  or similar law, then if such payment is recoverable by, or
                  paid over to, such trustee, receiver or other person, the
                  Senior Debt or part thereof originally intended to be
                  satisfied shall be deemed to be reinstated and outstanding as
                  if such payment had not occurred.

         (b)      In order to enable the Lender to enforce its rights hereunder
                  in any of the actions or proceedings described in this Section
                  6, upon the failure of the Subordinate Creditor to make and
                  present on a timely basis a proof of claim against the
                  Borrower on account of the Subordinate Debt or other motion or
                  pleading as may be expedient or proper to establish the
                  Subordinate Creditor's entitlement to payment of any
                  Subordinate Debt, the Lender is hereby irrevocably authorized
                  and empowered, in its discretion and at its sole expense, to
                  make and present for and on behalf of the Subordinate Creditor
                  such proofs of claims or other motions or pleadings and to
                  demand, receive and collect any and all dividends or other
                  payments or disbursements made thereon in whatever

<PAGE>

                  form the same may be paid or issued and to apply the same on
                  account of the Senior Debt. The Subordinate Creditor hereby
                  covenants and agrees not to exercise any voting right or other
                  privilege that it may have from time to time in any of the
                  actions or proceedings described in this Section 6 in favour
                  of any plan, proposal, compromise, arrangement or similar
                  transaction that would defeat: (i) the right of the Lender to
                  receive payments and distributions otherwise payable or
                  deliverable upon or with respect to the Subordinate Debt so
                  long as any Senior Debt remains outstanding; or (ii) the
                  obligation of the Subordinate Creditor to receive, hold in
                  trust, and pay over to the Lender certain payments and
                  distributions as contemplated by this Section 6.

7. Payments Received by the Subordinate Creditor: If, prior to the payment in
full of the Senior Debt, the Subordinate Creditor or any person on its behalf
shall receive any payment from or distribution of assets of the Borrower or on
account of the Subordinate Debt (other than a payment which is authorized by
Section 2), then the Subordinate Creditor shall, and shall cause such other
person to, receive and hold such payment or distribution in trust for the
benefit of the Lender and promptly pay the same over or deliver to the Lender in
precisely the form received by the Subordinate Creditor or such other person on
its behalf, (except for any necessary endorsement or assignment) and such
payment or distribution shall be applied by the Lender to the repayment of the
Senior Debt.

8. No Release: This Agreement shall remain in full force and effect without
regard to, and the obligations of the Subordinate Creditor hereunder shall not
be released or otherwise affected or impaired by:

         (a)      any exercise or non-exercise by the Lender of any right,
                  remedy, power or privilege in the Loan Agreement;

         (b)      any waiver, consent, extension, indulgence or other action,
                  inaction or omission by the Lender under or in respect of this
                  Agreement, the Loan Agreement or any security held by the
                  Lender;

         (c)      any default by the Borrower under, any limitation on the
                  liability of the Borrower or on the method or terms of payment
                  under, or any irregularity or other defect in, the Loan
                  Agreement;

         (d)      the lack of authority or revocation thereof by any other
                  party;

         (e)      the failure of the Lender to file or enforce a claim of any
                  kind;

         (f)      any defence based upon an election of remedies by the Lender
                  which destroys or otherwise impairs the subrogation rights of
                  the Subordinate Creditor or the right of the Subordinate
                  Creditor to proceed against the Borrower for reimbursement, or
                  both;

         (g)      any merger, consolidation or amalgamation of any of the
                  Subordinate Creditor or the Borrower
                  into or with any other person; or

         (h)      any insolvency, bankruptcy, liquidation, reorganization,
                  arrangement, composition, winding-up, dissolution or similar
                  proceeding involving or affecting any of the Subordinate
                  Creditor or the Borrower.

9. No Borrower Rights: Nothing contained in this Agreement shall confer any
rights or benefits on the Borrower.

10. Further Assurances: The parties hereto shall forthwith, and from time to
time, execute and do all deeds, documents and things which may be necessary or
advisable, in the reasonable opinion of the Lender's counsel, to give full
effect to the subordination continued herein and the rights and remedies of the
Lender hereunder, in accordance with the intent of this Agreement.

11. Successors and Assigns:

         (a)      This Agreement is binding upon the Lender, the Subordinate
                  Creditor and the Borrower and their respective successors and
                  assigns and, subject to subsection 11(b) below, shall enure to
                  the benefit of the Lender, the Subordinate Creditor, the
                  Borrower, and their respective successors and permitted
                  assigns.

<PAGE>

         (b)      The Subordinate Creditor shall not be entitled to assign all
                  or any part of its rights and obligations under this Agreement
                  or the Subordinate Debt unless, prior to entering into such
                  assignment, the proposed assignee enters into a written
                  agreement with the Lender pursuant to which the proposed
                  assignee agrees to be bound by the terms hereof in effect as
                  of the date of such assignment and, if reasonably required by
                  the Lender, the Subordinate Creditor delivers to the Lender a
                  favourable opinion of counsel to the proposed assignee
                  confirming the enforceability of such agreement against such
                  proposed assignee, in form and content reasonably satisfactory
                  to the Lender's counsel.

Except in accordance with subsections 11(a) and 11(b) hereof, third parties
shall have no rights or benefits under this Agreement.

12. Governing Law: This agreement shall be governed and construed in accordance
with the laws of the Province of Ontario and the laws of Canada applicable
therein.

13. Termination: This Agreement shall terminate upon the repayment in full of
the Senior Debt.

14. Counterparts: This agreement may be executed in any number of counterparts,
which when taken together shall constitute one and the same agreement.

IN WITNESS WHEREOF the parties hereto have executed this agreement as of the
date first written above. CONGRESS FINANCIAL CORPORATION (CANADA)

By: --------------------------------------
         Name:
         Title:

TRIPLE-C-INC.

By: --------------------------------------
         Name:   Curtis W. Russell
         Title:  Chief Operating Officer

SIGNED, SEALED AND DELIVERED                     )
         in the presence of                      )
                                                 )
                                                 )
                                                 )
___________________________________________      )  ___________________________
as to the signature of_____________________      )  ___________________________
                                                 )
                                                 )
                                                 )
                                                 )
                                                 )
                                                 )
                                                 )<PAGE>
<TABLE>
<CAPTION>
                                                                                                             EXHIBIT (10)(b)

Complete and return to:                      THE UNITED STATES LIFE INSURANCE COMPANY
 The United States Life                           In the City of New York ("USL")
  Insurance Company                          390 Park Avenue . New York, NY 10022-4684
In the City of New York                               VARIABLE UNIVERSAL LIFE
 P.O. Box 4728 Dept. L                          INSURANCE SUPPLEMENTAL APPLICATION
Houston, Texas 77210-4728     (This supplement must accompany the appropriate application for life insurance.)
<S>                                            <C>                                           <C>
-----------------------------------------------------------------------------------------------------------------------------------
                                                   PART 1. APPLICANT INFORMATION
-----------------------------------------------------------------------------------------------------------------------------------

Supplement to the application on the life of______________________________________________, dated__________________________________

-----------------------------------------------------------------------------------------------------------------------------------
                                              PART 2. INITIAL ALLOCATION PERCENTAGES
-----------------------------------------------------------------------------------------------------------------------------------
INVESTMENT OPTIONS: In the "Premium Allocation" column, indicate how each premium received is to be allocated. In the "Deduction
Allocation" column, indicate which investment options are to be used for the deduction of monthly account charges. Total allocations
in each column must equal 100%. Use whole percentages only.

                                           PREMIUM    DEDUCTION                                               PREMIUM    DEDUCTION
                                          ALLOCATION  ALLOCATION                                             ALLOCATION  ALLOCATION
                                          ----------  ----------                                             ----------  ----------
USL Declared Fixed Interest Account (148)   _____%     _____%     NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST
                                                                  Mid-Cap Growth Division (184)                    _____%     ____%
AIM VARIABLE INSURANCE FUNDS
AIM V.I. International Equity Division (150)_____%     _____%     NORTH AMERICAN FUNDS VARIABLE PRODUCT SERIES I
AIM V.I. Value Division (151)               _____%     _____%     International Equities Division (152)            _____%     _____%
                                                                  MidCap Index Division (153)                      _____%     _____%
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.                        Money Market Division (149)                      _____%     _____%
VP Value Division (166)                     _____%     _____%     Nasdaq-100 Index Division (167)                  _____%     _____%
                                                                  Science & Technology Division (168)              _____%     _____%
AYCO SERIES TRUST                                                 Small Cap Index Division (169)                   _____%     _____%
AYCO Large Cap Growth Fund I Division (250) _____%     _____%     Stock Index Division (154)                       _____%     _____%

DREYFUS INVESTMENT PORTFOLIOS                                     PIMCO VARIABLE INSURANCE TRUST
MidCap Stock Division (251)                 _____%     _____%     PIMCO Real Return Bond Division (186)            _____%     _____%
                                                                  PIMCO Short-Term Bond Division (185)             _____%     _____%
DREYFUS VARIABLE INVESTMENT FUND                                  PIMCO Total Return Bond Division (187)           _____%     _____%
Quality Bond Division (156)                 _____%     _____%
Small Cap Division (155)                    _____%     _____%     PUTNAM VARIABLE TRUST
                                                                  Putnam VT Diversified Income Division (161)      _____%     _____%
FIDELITY VARIABLE INSURANCE PRODUCTS FUND                         Putnam VT Growth and Income Division (162)       _____%     _____%
VIP Asset Manager Division (255)            _____%     _____%     Putnam VT Int'I Growth and Income Division (163) _____%     _____%
VIP Contrafund Division (254)               _____%     _____%
VIP Equity-Income Division (252)            _____%     _____%     SAFECO RESOURCE SERIES TRUST
VIP Growth Division (253)                   _____%     _____%     Equity Division (164)                            _____%     _____%
                                                                  Growth Opportunities Division (165)              _____%     _____%
JANUS ASPEN SERIES
Aggressive Growth Division (258)            _____%     _____%     THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
International Growth Division (256)         _____%     _____%     Equity Growth Division (159)                     _____%     _____%
Worldwide Growth Division (257)             _____%     _____%     High Yield Division (160)                        _____%     _____%

J.P. MORGAN SERIES TRUST II                                       VANGUARD VARIABLE INSURANCE FUND
J.P. Morgan Small Company Division (179)    _____%     _____%     High Yield Bond Division (188)                   _____%     _____%
                                                                  REIT Index Division (189)                        _____%     _____%
MFS VARIABLE INSURANCE TRUST
MFS Capital Opportunities Division (181)    _____%     _____%     VAN KAMPEN LIFE INVESTMENT TRUST
MFS Emerging Growth Division (157)          _____%     _____%     Strategic Stock Division (158)                   _____%     _____%
MFS New Discovery Division (182)            _____%     _____%
MFS Research Division (180)                 _____%     _____%     WARBURG PINCUS TRUST
                                                                  Small Company Growth Division (190)              _____%     _____%

                                                                  OTHER:_____________________________              _____%     _____%
                                                                                                                     100%       100%
-----------------------------------------------------------------------------------------------------------------------------------
                                                   PART 3. DOLLAR COST AVERAGING
-----------------------------------------------------------------------------------------------------------------------------------
DOLLAR COST AVERAGING: ($5,000 MINIMUM BEGINNING ACCUMULATION VALUE) An amount can be systematically transferred from the Money
Market Division (149) and transferred to one or more of the investment options below. The USL Declared Fixed Interest Account is not
available for Dollar Cost Averaging. Please refer to the prospectus for more information on the Dollar Cost Averaging option.

DAY OF THE MONTH FOR TRANSFERS:_________________________________________________ (Choose a day of the month between 1-28).
FREQUENCY OF TRANSFERS:        [ ] Monthly     [ ] Quarterly      [ ] Semiannually      [ ] Annually

TRANSFER $______________________($100 MINIMUM, WHOLE DOLLARS ONLY) from the Money Market Division to the following division(s).

(150) AIM V.I. International Equity Division     $_____________   (152) International Equities Division            $_____________
(151) AIM V.I. Value Division                    $_____________   (153) MidCap Index Division                      $_____________
(166) VP Value Division                          $_____________   (167) Nasdaq-100 Index Division                  $_____________
(250) AYCO Large Cap Growth Fund I Division      $_____________   (168) Science & Technology Division              $_____________
(251) Mid-Cap Stock Division                     $_____________   (169) Small Cap Index Division                   $_____________
(156) Quality Bond Division                      $_____________   (154) Stock Index Division                       $_____________
(155) Small Cap Division                         $_____________   (186) PIMCO Real Return Bond Division            $_____________
(175) VIP II Asset Manager Division              $_____________   (185) PIMCO Short-Term Bond Division             $_____________
(174) VIP II Contrafund Division                 $_____________   (187) PIMCO Total Return Bond Division           $_____________
(172) VIP II Equity Income Division              $_____________   (161) Putnam VT Diversified Income Division      $_____________
(173) VIP II Growth Division                     $_____________   (162) Putnam VT Growth and Income Division       $_____________
(178) Aggressive Growth Division                 $_____________   (163) Putnam VT Int'l Growth and Income Division $_____________
(176) International Growth Division              $_____________   (164) Equity Division                            $_____________
(177) Worldwide Growth Division                  $_____________   (165) Growth Opportunities Division              $_____________
(179) J.P. Morgan Small Company Division         $_____________   (159) Equity Growth Division                     $_____________
(181) MFS Capital Opportunities Division         $_____________   (160) High Yield Division                        $_____________
(157) MFS Emerging Growth Division               $_____________   (188) High Yield Bond Division                   $_____________
(182) MFS New Discovery Division                 $_____________   (189) REIT Index Division                        $_____________
(180) MFS Research Division                      $_____________   (158) Strategic Stock Division                   $_____________
(184) Mid-Cap Growth Division                    $_____________   (190) Small Company Growth Division              $_____________
                                                                  Other: _______________________________           $_____________

USL 8992-97                                                 PAGE 1 OF 2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                                             THE UNITED STATES LIFE INSURANCE COMPANY
                                                  In the City of New York("USL")
                                                Administrative Center: Houston, TX

<S>                                                            <C>
------------------------------------------------------------------------------------------------------------------------------------
                                                   PART 4. AUTOMATIC REBALANCING
------------------------------------------------------------------------------------------------------------------------------------
Automatic Rebalancing: ($5,000 MINIMUM BEGINNING ACCUMULATION VALUE) Variable division assets will be automatically rebalanced based
on the premium percentages designated in Part 2. If the USL Declared Fixed Interest Account has been designated for premium
allocation in Part 2, the rebalancing will be based on the proportion allocated to the variable divisions. Please refer to the
prospectus for more information on the Automatic Rebalancing option.

[ ] CHECK HERE FOR AUTOMATIC REBALANCING.

Frequency:              [ ] Quarterly       [ ] Semiannually      [ ] Annually

NOTE: Automatic Rebalancing is not available if the Dollar Cost Averaging option has been chosen.

------------------------------------------------------------------------------------------------------------------------------------
                                       PART 5. SUITABILITY (All questions must be answered.)
------------------------------------------------------------------------------------------------------------------------------------

1.  Have you, the Proposed Insured or Owner (if different), received universal life insurance                     YES     NO
    policy prospectus and the prospectus describing the investment options?                                       [ ]    [ ]

    If "yes," please furnish the Prospectus dates.)

       Variable Universal Life Insurance Policy Prospectus:
                                                                       --------------------------
       Supplements (is any):
                                                                       --------------------------
2.  Do you understand that under the Policy applied for:

    a.  THE AMOUNT OR DURATION OF THE DEATH BENEFIT MAY INCREASE OR DECREASE, DEPENDING ON THE
        INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT?                                                            [ ]    [ ]

    b.  THE POLICY VALUES MAY INCREASE OR DECREASE, DEPENDING ON THE INVESTMENT EXPERIENCE OF THE
        SEPARATE ACCOUNT, THE USL DECLARED FIXED INTEREST ACCOUNT ACCUMULATION, AND CERTAIN
        EXPENSE DEDUCTIONS?                                                                                       [ ]    [ ]

    c.  THE POLICY IS DESIGNED TO PROVIDE LIFE INSURANCE COVERAGE AND TO ALLOW FOR THE ACCUMULATION
        OF VALUES IN THE SEPARATE ACCOUNT?                                                                        [ ]    [ ]

3.  Do you believe the Policy you selected meets your insurance and investment objectives and your
    anticipated financial needs?                                                                                  [ ]    [ ]
------------------------------------------------------------------------------------------------------------------------------------

Signed at:                                                                         Date:
          ---------------------------------------------------------------------         --------------------------------------------
          CITY                                                           STATE

X                                                                       X
-----------------------------------------------------------------       ------------------------------------------------------------
  SIGNATURE OF PRIMARY PROPOSED INSURED                                   SIGNATURE OF REGISTERED REPRESENTATIVE

X
-----------------------------------------------------------------       ------------------------------------------------------------
  SIGNATURE OF OWNER (if different from Proposed Insured)                 PRINT NAME OF BROKER/DEALER

X
-----------------------------------------------------------------
  SIGNATURE OF JOINT OWNER (if applicable)

------------------------------------------------------------------------------------------------------------------------------------
USL 8992-97                                                 PAGE 2 OF 2

</TABLE>

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