Document:

EXHIBIT 4.3
                                                                     -----------

                                     FORM 5D

                                ESCROW AGREEMENT
                                 VALUE SECURITY

THIS AGREEMENT is made as of the 10th day of December, 2003

AMONG:

    TLC Ventures Corp.
    700 - 900 West Hastings Street
    Vancouver, BC
    V6C 1E5
    (the "ISSUER")

AND:

    Computershare Investor Services Inc.
    510 Burrard Street, Second floor
    Vancouver, BC
    V6C 3B9
    (the "ESCROW AGENT")

AND:

    EACH OF THE UNDERSIGNED SECURITYHOLDERS OF THE ISSUER
    (a "SECURITYHOLDER" or "YOU")

(collectively, the "PARTIES")

THIS AGREEMENT is being entered into by the Parties under Exchange POLICY 5.4 -
ESCROW, VENDOR CONSIDERATION AND RESALE RESTRICTIONS (the POLICY) in connection
with a transaction. The Issuer is a Tier 2 Issuer as described in POLICY 2.1 -
MINIMUM LISTING REQUIREMENTS.

FOR GOOD AND VALUABLE CONSIDERATION, the Parties agree as follows:

PART 1   ESCROW

1.1      APPOINTMENT OF ESCROW AGENT. The Issuer and the Securityholders appoint
         the Escrow Agent to act as escrow agent under this Agreement. The
         Escrow Agent accepts the appointment.

1.2      DEPOSIT OF ESCROW SECURITIES IN ESCROW

(1)      You are depositing the securities (ESCROW SECURITIES) listed opposite
         your name in Schedule "A" with the Escrow Agent to be held in escrow
         under this Agreement. You will immediately deliver or cause to be
         delivered to the Escrow Agent any share certificates or other evidence
         of these securities which you have or which you may later receive.

(2)      If you receive any other securities (ADDITIONAL ESCROW SECURITIES):

         (a)   as a dividend or other distribution on escrow securities;
         (b)   on the exercise of a right of purchase, conversion or exchange
               attaching to escrow securities, including securities received on
               conversion of special warrants;
         (c)   on a subdivision, or compulsory or automatic conversion or
               exchange of escrow securities; or

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         (d)   from a successor issuer in a business combination, if Part 6 of
               this Agreement applies,

         you will deposit them in escrow with the Escrow Agent. You will deliver
         or cause to be delivered to the Escrow Agent any share certificates or
         other evidence of those additional escrow securities. When this
         Agreement refers to ESCROW SECURITIES, it includes additional escrow
         securities.

(3)      You will immediately deliver to the Escrow Agent any replacement share
         certificates or other evidence of additional escrow securities issued
         to you.

1.3      DIRECTION TO ESCROW AGENT. The Issuer and the Securityholders direct
         the Escrow Agent to hold the escrow securities in escrow until they are
         released from escrow under this Agreement.

PART 2   RELEASE OF ESCROW SECURITIES

2.1      RELEASE PROVISIONS. The provisions of Schedule B(2) is incorporated
         into and form part of this Agreement.

2.2      ADDITIONAL ESCROW SECURITIES. If you acquire additional escrow
         securities in connection with the transaction to which this agreement
         relates, those securities will be added to the securities already in
         escrow, to increase the number of remaining escrow securities. After
         that, all of the escrow securities will be released in accordance with
         the applicable release schedule.

2.3      ADDITIONAL REQUIREMENTS FOR TIER 2 SURPLUS ESCROW SECURITIES. Where
         securities are subject to a Tier 2 Surplus Security Escrow Agreement
         [Schedule B(4)], the following additional conditions apply:

(1)      The escrow securities will be cancelled if the asset, property,
         business or interest therein in consideration of which the securities
         were issued, is lost, or abandoned, or the operations or development of
         such asset, property or business is discontinued.

(2)      The Escrow Agent will not release escrow securities from escrow under
         schedule B(4) unless the Escrow Agent has received, within the 15 days
         prior to the release date, a certificate from the Issuer that:

         (a)   is signed by two directors or officers of the Issuer;
         (b)   is dated not more than 30 days prior to the release date;
         (c)   states that the assets for which the escrow securities were
               issued (the "Assets") were included as assets on the balance
               sheet of the Issuer in the most recent financial statements filed
               by the Issuer with the Exchange; and
         (d)   states that the Issuer has no reasonable knowledge that the
               Assets will not be included as assets on the balance sheet of the
               Issuer in the next financial statements to be filed by the Issuer
               with the Exchange.

(3)      If, at any time during the term of this Agreement, the Escrow Agent is
         prohibited from releasing escrow securities on a release date specified
         schedule B(4) as a result of section 2.3(2) above, then the Escrow
         Agent will not release any further escrow securities from escrow
         without the written consent of the Exchange.

(4)      If as a result of this section 2.3, the Escrow Agent does not release
         escrow securities from escrow for a period of five years, then:

         (a)   the Escrow Agent will deliver a notice to the Issuer, and will
               include with the notice any certificates that the Escrow Agent
               holds which evidence the escrow securities; and

         (b)   the Issuer and the Escrow Agent will take such action as is
               necessary to cancel the escrow securities.

(5)      For the purposes of cancellation of escrow securities under this
         section, each Securityholder irrevocably appoints the Escrow Agent as
         his or her attorney, with authority to appoint substitute attorneys, as
         necessary.

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2.4      DELIVERY OF SHARE CERTIFICATES FOR ESCROW SECURITIES. The Escrow Agent
         will send to each Securityholder any share certificates or other
         evidence of that Securityholder's escrow securities in the possession
         of the Escrow Agent released from escrow as soon as reasonably
         practicable after the release.

2.5      REPLACEMENT CERTIFICATES. If, on the date a Securityholder's escrow
         securities are to be released, the Escrow Agent holds a share
         certificate or other evidence representing more escrow securities than
         are to be released, the Escrow Agent will deliver the share certificate
         or other evidence to the Issuer or its transfer agent and request
         replacement share certificates or other evidence. The Issuer will cause
         replacement share certificates or other evidence to be prepared and
         delivered to the Escrow Agent. After the Escrow Agent receives the
         replacement share certificates or other evidence, the Escrow Agent will
         send to the Securityholder or at the Securityholder's direction, the
         replacement share certificate or other evidence of the escrow
         securities released. The Escrow Agent and Issuer will act as soon as
         reasonably practicable.

2.6      RELEASE UPON DEATH

(1)      If a Securityholder dies, the Securityholder's escrow securities will
         be released from escrow. The Escrow Agent will deliver any share
         certificates or other evidence of the escrow securities in the
         possession of the Escrow Agent to the Securityholder's legal
         representative provided that:

         (a)   the legal representative of the deceased Securityholder provides
               written notice to the Exchange of the intent to release the
               escrow securities as at a specified date which is at least 10
               business days and not more than 30 business days prior to the
               proposed release; and

         (b)   the Exchange does not provide notice of its objection to the
               Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m.
               (Calgary time) on such specified date.

(2)      Prior to delivery the Escrow Agent must receive:

         (a)   a certified copy of the death certificate; and
         (b)   any evidence of the legal representative's status that the Escrow
               Agent may reasonably require.

2.7      EXCHANGE DISCRETION TO TERMINATE. If the Escrow Agent receives a
         request from the Exchange to halt or terminate the release of escrow
         securities from escrow, then the Escrow Agent will comply with that
         request, and will not release any escrow securities from escrow until
         it receives the written consent of the Exchange.

2.8      DISCRETIONARY APPLICATIONS. The Exchange may consent to the release
         from escrow of escrow securities in other circumstances and on terms
         and on conditions it deems appropriate. Securities may be released from
         escrow provided that the Escrow Agent receives written notice from the
         Exchange.

PART 3   EARLY RELEASE ON CHANGE OF ISSUER STATUS

3.1      EARLY RELEASE - GRADUATION TO TIER 1

(1)      When a Tier 2 Issuer becomes a Tier 1 Issuer, the release schedule for
         its escrow securities changes.

(2)      If the Issuer reasonably believes that it meets the Minimum Listing
         Requirements of a Tier 1 Issuer as described in POLICY 2.1 - MINIMUM
         LISTING REQUIREMENTS, the Issuer may make application to the Exchange
         to be listed as a Tier 1 Issuer. The Issuer must also concurrently
         provide notice to the Escrow Agent that it is making such an
         application.

(3)      If the graduation to Tier 1 is accepted by the Exchange, the Exchange
         will issue an Exchange Bulletin confirming final acceptance for listing
         of the Issuer on Tier 1. Upon issuance of this Bulletin the Issuer must
         immediately:

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         (a)   issue a news release:
               (i)     disclosing that it has been accepted for graduation to
                       Tier 1; and
               (ii)    disclosing the number of escrow securities to be released
                       and the dates of release under the new schedule; and

         (b)   provide the news release, together with a copy of the Exchange
               Bulletin, to the Escrow Agent.

(4)      Upon completion of the steps in section 3.1(3) above, the Issuer's
         release schedule will be replaced as follows:

APPLICABLE SCHEDULE PRE-GRADUATION           APPLICABLE SCHEDULE POST-GRADUATION
----------------------------------           -----------------------------------
Schedule B(2)                                Schedule B(1)
Schedule B(4)                                Schedule B(3)

(5)      Within 10 days of the Exchange Bulletin confirming the Issuer's listing
         on Tier 1, the Escrow Agent must release any escrow securities from
         escrow securities which under the new release schedule would have been
         releasable at a date prior to the Exchange Bulletin.

PART 4   DEALING WITH ESCROW SECURITIES

4.1      RESTRICTION ON TRANSFER, ETC. Unless it is expressly permitted in this
         Agreement, you will not sell, transfer, assign, mortgage, enter into a
         derivative transaction concerning, or otherwise deal in any way with
         your escrow securities or any related share certificates or other
         evidence of the escrow securities. If a Securityholder is a private
         company controlled by one or more Principals of the Issuer, the
         Securityholder may not participate in a transaction that results in a
         change of its control or a change in the economic exposure of the
         Principals to the risks of holding escrow securities.

4.2      PLEDGE, MORTGAGE OR CHARGE AS COLLATERAL FOR A LOAN. Subject to
         Exchange acceptance, you may pledge, mortgage or charge your escrow
         securities to a financial institution as collateral for a loan,
         provided that no escrow securities or any share certificates or other
         evidence of escrow securities will be transferred or delivered by the
         Escrow Agent to the financial institution for this purpose. The loan
         agreement must provide that the escrow securities will remain in escrow
         if the lender realizes on the escrow securities to satisfy the loan.

4.3      VOTING OF ESCROW SECURITIES. Although you may exercise voting rights
         attached to your escrow securities, you may not, while your securities
         are held in escrow, exercise voting rights attached to any securities
         (whether in escrow or not) in support of one or more arrangements that
         would result in the repayment of capital being made on the escrow
         securities prior to a winding up of the Issuer.

4.4      DIVIDENDS ON ESCROW SECURITIES. You may receive a dividend or other
         distribution on your escrow securities, and elect the manner of payment
         from the standard options offered by the Issuer. If the Escrow Agent
         receives a dividend or other distribution on your escrow securities,
         other than additional escrow securities, the Escrow Agent will pay the
         dividend or other distribution to you on receipt.

4.5      EXERCISE OF OTHER RIGHTS ATTACHING TO ESCROW SECURITIES. You may
         exercise your rights to exchange or convert your escrow securities in
         accordance with this agreement.

PART 5   PERMITTED TRANSFERS WITHIN ESCROW

5.1      TRANSFER TO DIRECTORS AND SENIOR OFFICERS

(1)      You may transfer escrow securities within escrow to existing or, upon
         their appointment, incoming directors or senior officers of the Issuer
         or any of its material operating subsidiaries, if the Issuer's board of
         directors has approved the transfer and provided that:

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         (a)   you make application to transfer under the Policy at least 10
               business days and not more than 30 business days prior to the
               date of the proposed transfer; and
         (b)   the Exchange does not provide notice of its objection to the
               Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m.
               (Calgary time) on such specified date.

(2)      Prior to the transfer the Escrow Agent must receive:

         (a)   a certified copy of the resolution of the board of directors of
               the Issuer approving the transfer;
         (b)   a certificate signed by a director or officer of the Issuer
               authorized to sign, stating that the transfer is to a director or
               senior officer of the Issuer or a material operating subsidiary
               and that any required acceptance from the Exchange the Issuer is
               listed on has been received;
         (c)   an acknowledgment in the form of Form 5E signed by the
               transferee; and
         (d)   a transfer power of attorney, completed and executed by the
               transferor in accordance with the requirements of the Issuer's
               transfer agent.

5.2      TRANSFER TO OTHER PRINCIPALS

(1)      You may transfer escrow securities within escrow:

         (a)   to a person or company that before the proposed transfer holds
               more than 20% of the voting rights attached to the Issuer's
               outstanding securities; or
         (b)   to a person or company that after the proposed transfer

               (i)     will hold more than 10% of the voting rights attached to
                       the Issuer's outstanding securities, and
               (ii)    has the right to elect or appoint one or more directors
                       or senior officers of the Issuer or any of its material
                       operating subsidiaries, provided that:

         (c)   you make an application to transfer under the Policy at least 10
               business days and not more than 30 business days prior to the
               date of the proposed transfer; and
         (d)   the Exchange does not provide notice of its objection to the
               Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m.
               (Calgary time) on such specified date.

(2)      Prior to the transfer the Escrow Agent must receive:

         (a)   a certificate signed by a director or officer of the Issuer
               authorized to sign, stating that:

               (i)     the transfer is to a person or company that the officer
                       believes, after reasonable investigation, holds more than
                       20% of the voting rights attached to the Issuer's
                       outstanding securities before the proposed transfer; or
               (ii)    the transfer is to a person or company that:

                       (A)     the officer believes, after reasonable
                               investigation, will hold more than 10% of the
                               voting rights attached to the Issuer's
                               outstanding securities; and
                       (B)     has the right to elect or appoint one or more
                               directors or senior officers of the Issuer or any
                               of its material operating subsidiaries

                           after the proposed transfer; and

               (iii)   any required approval from the Exchange or any other
                       exchange on which the Issuer is listed has been received;

         (b)   an acknowledgment in the form of Form 5E signed by the
               transferee; and

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         (c)   a transfer power of attorney, completed and executed by the
               transferor in accordance with the requirements of the Issuer's
               transfer agent.

5.3      TRANSFER UPON BANKRUPTCY

(1)      You may transfer escrow securities within escrow to a trustee in
         bankruptcy or another person or company entitled to escrow securities
         on bankruptcy provided that:

         (a)   you make application to transfer under the Policy at least 10
               business days and not more than 30 business days prior to the
               date of the proposed transfer; and
         (b)   the Exchange does not provide notice of its objection to the
               Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m.
               (Calgary time) on such specified date.

(2)      Prior to the transfer, the Escrow Agent must receive:

         (a)   a certified copy of either

                  (i) the assignment in bankruptcy filed with the Superintendent
                  of Bankruptcy, or (ii) the receiving order adjudging the
                  Securityholder bankrupt;

         (b)   a certified copy of a certificate of appointment of the trustee
               in bankruptcy;
         (c)   a transfer power of attorney, duly completed and executed by the
               transferor in accordance with the requirements of the Issuer's
               transfer agent; and
         (d)   an acknowledgment in the form of Form 5E signed by (i) the
               trustee in bankruptcy or

               (ii)    on direction from the trustee, with evidence of that
                       direction attached to the acknowledgement form, another
                       person or company legally entitled to the escrow
                       securities.

5.4      TRANSFER UPON REALIZATION OF PLEDGED, MORTGAGED OR CHARGED ESCROW
         SECURITIES

(1)      You may transfer escrow securities you have pledged, mortgaged or
         charged under section 4.2 to a financial institution as collateral for
         a loan within escrow to the lender on realization provided that:

         (a)   you make application to transfer under the Policy at least 10
               business days and not more than 30 business days prior to the
               date of the proposed transfer; and
         (b)   the Exchange does not provide notice of its objection to the
               Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m.
               (Calgary time) on such specified date.

(2)      Prior to the transfer the Escrow Agent must receive:

         (a)   a statutory declaration of an officer of the financial
               institution that the financial institution is legally entitled to
               the escrow securities;
         (b)   evidence that the Exchange has accepted the pledge, mortgage or
               charge of escrow securities to the financial institution;
         (c)   a transfer power of attorney, executed by the transferor in
               accordance with the requirements of the Issuer's transfer agent;
               and
         (d)   an acknowledgement in the form of Form 5E signed by the financial
               institution.

5.5      TRANSFER TO CERTAIN PLANS AND FUNDS

(1)      You may transfer escrow securities within escrow to or between a
         registered retirement savings plan (RRSP), registered retirement income
         fund (RRIF) or other similar registered plan or fund with a trustee,
         where the beneficiaries of the plan or fund are limited to you and your
         spouse, children and parents provided that:

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         (a)   you make application to transfer under the Policy at least 10
               business days and not more than 30 business days prior to the
               date of the proposed transfer; and
         (b)   the Exchange does not provide notice of its objection to the
               Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m.
               (Calgary time) on such specified date.

(2)      Prior to the transfer the Escrow Agent must receive:

         (a)   evidence from the trustee of the transferee plan or fund, or the
               trustee's agent, stating that, to the best of the trustee's
               knowledge, the annuitant of the RRSP or RRIF or the beneficiaries
               of the other registered plan or fund do not include any person or
               company other than you and your spouse, children and parents;
         (b)   a transfer power of attorney, executed by the transferor in
               accordance with the requirements of the Issuer's transfer agent;
               and
         (c)   an acknowledgement in the form of Form 5E signed by the trustee
               of the plan or fund.

5.6      EFFECT OF TRANSFER WITHIN ESCROW. After the transfer of escrow
         securities within escrow, the escrow securities will remain in escrow
         and released from escrow under this Agreement as if no transfer has
         occurred, on the same terms that applied before the transfer. The
         Escrow Agent will not deliver any share certificates or other evidence
         of the escrow securities to transferees under this Part 5.

5.7      DISCRETIONARY APPLICATIONS. The Exchange may consent to the transfer
         within escrow of escrow securities in other circumstances and on such
         terms and conditions as it deems appropriate.

PART 6   BUSINESS COMBINATIONS

6.1      BUSINESS COMBINATIONS

This Part applies to the following (BUSINESS COMBINATIONS):

         (a)   a formal take-over bid for all outstanding securities of the
               Issuer or which, if successful, would result in a change of
               control of the Issuer
         (b)   a formal issuer bid for all outstanding equity securities of the
               Issuer
         (c)   a statutory arrangement
         (d)   an amalgamation
         (e)   a merger
         (f)   a reorganization that has an effect similar to an amalgamation or
               merger

6.2      DELIVERY TO ESCROW AGENT

(1)      You may tender your escrow securities to a person or company in a
         business combination. At least five business days prior to the date the
         escrow securities must be tendered under the business combination, you
         must deliver to the Escrow Agent:

         (a)   a written direction signed by you that directs the Escrow Agent
               to deliver to the depositary under the business combination any
               share certificates or other evidence of the escrow securities and
               a completed and executed cover letter or similar document and,
               where required, transfer power of attorney completed and executed
               for transfer in accordance with the requirements of the Issuer's
               depository, and any other documentation specified or provided by
               you and required to be delivered to the depositary under the
               business combination;
         (b)   written consent of the Exchange; and
         (c)   any other information concerning the business combination as the
               Escrow Agent may reasonably require.

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6.3      DELIVERY TO DEPOSITARY

(1)      As soon as reasonably practicable, and in any event no later than three
         business days after the Escrow Agent receives the documents and
         information required under section 6.2, the Escrow Agent will deliver
         to the depositary, in accordance with the direction, any share
         certificates or other evidence of the escrow securities, and a letter
         addressed to the depositary that

         (a)   identifies the escrow securities that are being tendered;
         (b)   states that the escrow securities are held in escrow;
         (c)   states that the escrow securities are delivered only for the
               purposes of the business combination and that they will be
               released from escrow only after the Escrow Agent receives the
               information described in section 6.4;
         (d)   if any share certificates or other evidence of the escrow
               securities have been delivered to the depositary, requires the
               depositary to return to the Escrow Agent, as soon as practicable,
               the share certificates or other evidence of escrow securities
               that are not released from escrow into the business combination;
               and
         (e)   where applicable, requires the depositary to deliver or cause to
               be delivered to the Escrow Agent, as soon as practicable, share
               certificates or other evidence of additional escrow securities
               that you acquire under the business combination.

6.4      RELEASE OF ESCROW SECURITIES TO DEPOSITARY

(1)      The Escrow Agent will release from escrow the tendered escrow
         securities provided that:

         (a)   you or the Issuer make application to release the tendered
               securities under the Policy on a date at least 10 business days
               and not more than 30 business days prior to the date of the
               proposed release date; and
         (b)   the Exchange does not provide notice of its objection to the
               Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m.
               (Calgary time) on such specified date;
         (c)   the Escrow Agent receives a declaration signed by the depositary
               or, if the direction identifies the depositary as acting on
               behalf of another person or company in respect of the business
               combination, by that other person or company, that (i) the terms
               and conditions of the business combination have been met or
               waived; and (ii) the escrow securities have either been taken up
               and paid for or are subject to an unconditional obligation to be
               taken up and paid for under the business combination.

6.5      ESCROW OF NEW SECURITIES

(1)      If you receive securities (NEW SECURITIES) of another issuer (SUCCESSOR
         ISSUER) in exchange for your escrow securities, the new securities will
         be subject to escrow in substitution for the tendered escrow
         securities, unless, immediately after completion of the business
         combination,

         (a)   the successor issuer is an exempt issuer as defined in the
               National Policy;
         (b)   the escrow holder was subject to a Value Security Escrow
               Agreement and is not a Principal of the successor issuer; and
         (c)   the escrow holder holds less than 1% of the voting rights
               attached to the successor issuer's outstanding securities. (In
               calculating this percentage, include securities that may be
               issued to the escrow holder under outstanding convertible
               securities in both the escrow holders securities and the total
               securities outstanding.)

6.6      RELEASE FROM ESCROW OF NEW SECURITIES

(1)      The Escrow Agent will send to a Securityholder share certificates or
         other evidence of the Securityholder's new securities as soon as
         reasonably practicable after the Escrow Agent receives

         (a)   a certificate from the successor issuer signed by a director or
               officer of the successor issuer authorized to sign

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               (i)     stating that it is a successor issuer to the Issuer as a
                       result of a business combination;
               (ii)    containing a list of the securityholders whose new
                       securities are subject to escrow under section 6.5;
               (iii)   containing a list of the securityholders whose new
                       securities are not subject to escrow under section 6.5;
         (b)   written confirmation from the Exchange that it has accepted the
               list of Securityholders whose new securities are not subject to
               escrow under section 6.5; and

(2)      The escrow securities of the Securityholders whose securities are not
         subject to escrow under section 6.5, will be released, and the Escrow
         Agent will send any share certificates or other evidence of the escrow
         securities in the possession of the Escrow Agent in accordance with
         section 2.4.

(3)      If your new securities are subject to escrow, unless subsection (4)
         applies, the Escrow Agent will hold your new securities in escrow on
         the same terms and conditions, including release dates, as applied to
         the escrow securities that you exchanged.

(4)      If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1
         Issuer, the release provisions in section 3.1(4) relating to graduation
         will apply. .

PART 7   RESIGNATION OF ESCROW AGENT

7.1      RESIGNATION OF ESCROW AGENT

(1)      If the Escrow Agent wishes to resign as escrow agent, the Escrow Agent
         will give written notice to the Issuer and the Exchange.

(2)      If the Issuer wishes to terminate the Escrow Agent as escrow agent, the
         Issuer will give written notice to the Escrow Agent and the Exchange.

(3)      If the Escrow Agent resigns or is terminated, the Issuer will be
         responsible for ensuring that the Escrow Agent is replaced not later
         than the resignation or termination date by another escrow agent that
         is acceptable to the Exchange and that has accepted such appointment,
         which appointment will be binding on the Issuer and the
         Securityholders.

(4)      The resignation or termination of the Escrow Agent will be effective,
         and the Escrow Agent will cease to be bound by this Agreement, on the
         date that is 60 days after the date of receipt of the notices referred
         to above by the Escrow Agent or Issuer, as applicable, or on such other
         date as the Escrow Agent and the Issuer may agree upon (the
         "resignation or termination date"), provided that the resignation or
         termination date will not be less than 10 business days before a
         release date.

(5)      If the Issuer has not appointed a successor escrow agent within 60 days
         of the resignation or termination date, the Escrow Agent will apply, at
         the Issuer's expense, to a court of competent jurisdiction for the
         appointment of a successor escrow agent, and the duties and
         responsibilities of the Escrow Agent will cease immediately upon such
         appointment.

(6)      On any new appointment under this section, the successor Escrow Agent
         will be vested with the same powers, rights, duties and obligations as
         if it had been originally named herein as Escrow Agent, without any
         further assurance, conveyance, act or deed. The predecessor Escrow
         Agent, upon receipt of payment for any outstanding account for its
         services and expenses then unpaid, will transfer, deliver and pay over
         to the successor Escrow Agent, who will be entitled to receive, all
         securities, records or other property on deposit with the predecessor
         Escrow Agent in relation to this Agreement and the predecessor Escrow
         Agent will thereupon be discharged as Escrow Agent.

(7)      If any changes are made to Part 8 of this Agreement as a result of the
         appointment of the successor Escrow Agent, those changes must not be
         inconsistent with the Policy and the terms of this Agreement and the
         Issuer to this Agreement will fie a copy of the new Agreement with the
         Exchange.

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 9
(as at August 2002)
<PAGE>

PART 8   OTHER CONTRACTUAL ARRANGEMENTS

8.1      ESCROW AGENT NOT A TRUSTEE. The Escrow Agent accepts duties and
         responsibilities under this Agreement, and the escrow securities and
         any share certificates or other evidence of these securities, solely as
         a custodian, bailee and agent. No trust is intended to be, or is or
         will be, created hereby and the Escrow Agent shall owe no duties
         hereunder as a trustee.

8.2      ESCROW AGENT NOT RESPONSIBLE FOR GENUINENESS. The Escrow Agent will not
         be responsible or liable in any manner whatever for the sufficiency,
         correctness, genuineness or validity of any escrow security deposited
         with it.

8.3      ESCROW AGENT NOT RESPONSIBLE FOR FURNISHED INFORMATION. The Escrow
         Agent will have no responsibility for seeking, obtaining, compiling,
         preparing or determining the accuracy of any information or document,
         including the representative capacity in which a party purports to act,
         that the Escrow Agent receives as a condition to a release from escrow
         or a transfer of escrow securities within escrow under this Agreement.

8.4      ESCROW AGENT NOT RESPONSIBLE AFTER RELEASE. The Escrow Agent will have
         no responsibility for escrow securities that it has released to a
         Securityholder or at a Securityholder's direction according to this
         Agreement.

8.5      INDEMNIFICATION OF ESCROW AGENT. The Issuer and each Securityholder
         hereby jointly and severally agree to indemnify and hold harmless the
         Escrow Agent, its affiliates, and their current and former directors,
         officers, employees and agents from and against any and all claims,
         demands, losses, penalties, costs, expenses, fees and liabilities,
         including, without limitation, legal fees and expenses, directly or
         indirectly arising out of, in connection with, or in respect of, this
         Agreement, except where same result directly and principally from gross
         negligence, wilful misconduct or bad faith on the part of the Escrow
         Agent. This indemnity survives the release of the escrow securities,
         the resignation or termination of the Escrow Agreement and the
         termination of this Agreement.

8.6       ADDITIONAL PROVISIONS

(1)      The Escrow Agent will be protected in acting and relying reasonably
upon any notice, direction, instruction, order, certificate, confirmation,
request, waiver, consent, receipt, statutory declaration or other paper or
document (collectively referred to as "Documents") furnished to it and
purportedly signed by any officer or person required to or entitled to execute
and deliver to the Escrow Agent any such Document in connection with this
Agreement, not only as to its due execution and the validity and effectiveness
of its provisions, but also as to the truth or accuracy of any information
therein contained, which it in good faith believes to be genuine.

(2)      The Escrow Agent will not be bound by any notice of a claim or demand
with respect thereto, or any waiver, modification, amendment, termination or
rescission of this Agreement unless received by it in writing, and signed by the
other Parties and approved by the Exchange, and, if the duties or
indemnification of the Escrow Agent in this Agreement are affected, unless it
has given its prior written consent.

(3)      The Escrow Agent may consult with or retain such legal counsel and
advisors as it may reasonably require for the purpose of discharging its duties
or determining its rights under this Agreement and may rely and act upon the
advice of such counsel or advisor. The Escrow Agent will give written notice to
the Issuer as soon as practicable that it has retained legal counsel or other
advisors. The Issuer will pay or reimburse the Escrow Agent for any reasonable
fees, expenses and disbursements of such counsel or advisors.

(4)      In the event of any disagreement arising under the terms of this
Agreement, the Escrow Agent will be entitled, at its option, to refuse to comply
with any and all demands whatsoever until the dispute is settled either by a
written agreement among the Parties or by a court of competent jurisdiction.

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 10
(as at August 2002)
<PAGE>

(5)      The Escrow Agent will have no duties or responsibilities except as
expressly provided in this Agreement and will have no duty or responsibility
under the Policy or arising under any other agreement, including any agreement
referred to in this Agreement, to which the Escrow Agent is not a party.

(6)      The Escrow Agent will have the right not to act and will not be liable
for refusing to act unless it has received clear and reasonable documentation
that complies with the terms of this Agreement. Such documentation must not
require the exercise of any discretion or independent judgment.

(7)      The Escrow Agent is authorized to cancel any share certificate
delivered to it and hold such Securityholder's escrow securities in electronic,
or uncertificated form only, pending release of such securities from escrow.

(8)      The Escrow Agent will have no responsibility with respect to any escrow
securities in respect of which no share certificate or other evidence or
electronic or uncertificated form of these securities has been delivered to it,
or otherwise received by it.

8.7      LIMITATION OF LIABILITY OF ESCROW AGENT. The Escrow Agent will not be
         liable to any of the Parties hereunder for any action taken or omitted
         to be taken by it under or in connection with this Agreement, except
         for losses directly, principally and immediately caused by its bad
         faith, wilful misconduct or gross negligence. Under no circumstances
         will the Escrow Agent be liable for any special, indirect, incidental,
         consequential, exemplary, aggravated or punitive losses or damages
         hereunder, including any loss of profits, whether foreseeable or
         unforeseeable. Notwithstanding the foregoing or any other provision of
         this Agreement, in no event will the collective liability of the Escrow
         Agent under or in connection with this Agreement to any one or more
         Parties, except for losses directly caused by its bad faith or willful
         misconduct, exceed the amount of its annual fees under this Agreement
         or the amount of three thousand dollars ($3,000.00), whichever amount
         shall be greater.

8.8      REMUNERATION OF ESCROW AGENT. The Issuer will pay the Escrow Agent
         reasonable remuneration for its services under this Agreement, which
         fees are subject to revision from time to time on 30 days' written
         notice. The Issuer will reimburse the Escrow Agent for its expenses and
         disbursements. Any amount due under this section and unpaid 30 days
         after request for such payment, will bear interest from the expiration
         of such period at a rate per annum equal to the then current rate
         charged by the Escrow Agent, payable on demand.

PART 9   INDEMNIFICATION OF THE EXCHANGE

9.1      INDEMNIFICATION

(1)      The Issuer and each Securityholder jointly and severally:

         (a)   release, indemnify and save harmless the Exchange from all costs
               (including legal cost, expenses and disbursements), charges,
               claims, demands, damages, liabilities, losses and expenses
               incurred by the Exchange;
         (b)   agree not to make or bring a claim or demand, or commence any
               action, against the Exchange; and
         (c)   agree to indemnify and save harmless the Exchange from all costs
               (including legal costs) and damages that the Exchange incurs or
               is required by law to pay as a result of any person's claim,
               demand or action,

         arising from any and every act or omission committed or omitted by the
         Exchange, in connection with this Agreement, even if said act or
         omission was negligent, or constituted a breach of the terms of this
         Agreement.

(2)      This indemnity survives the release of the escrow securities and the
         termination of this Agreement.

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 11
(as at August 2002)
<PAGE>

PART 10  NOTICES

10.1     NOTICE TO ESCROW AGENT. Documents will be considered to have been
         delivered to the Escrow Agent on the next business day following the
         date of transmission, if delivered by fax, the date of delivery, if
         delivered by hand during normal business hours or by prepaid courier,
         or 5 business days after the date of mailing, if delivered by mail, to
         the following:

         Computershare Investor Services Inc.
         510 Burrard St
         Vancouver, BC  V6C 3B9
         Attention: Manager, Client Servicing
         Fax: 604-683-3694

10.2     NOTICE TO ISSUER. Documents will be considered to have been delivered
         to the Issuer on the next business day following the date of
         transmission, if delivered by fax, the date of delivery, if delivered
         by hand or by prepaid courier, or 5 business days after the date of
         mailing, if delivered by mail, to the following:

         TLC Ventures Corp.
         700 - 900 West Hastings Street
         Vancouver, BC
         V6C 1E5
         Contact Person:
         Fax Number:

10.3     DELIVERIES TO SECURITYHOLDERS. Documents will be considered to have
         been delivered to a Securityholder on the date of delivery, if
         delivered by hand or by prepaid courier, or 5 business days after the
         date of mailing, if delivered by mail, to the address on the Issuer's
         share register.

         Any share certificates or other evidence of a Securityholder's escrow
         securities will be sent to the Securityholder's address on the Issuer's
         share register unless the Securityholder has advised the Escrow Agent
         in writing otherwise at least ten business days before the escrow
         securities are released from escrow. The Issuer will provide the Escrow
         Agent with each Securityholder's address as listed on the Issuer's
         share register.

10.4     CHANGE OF ADDRESS

(1)      The Escrow Agent may change its address for delivery by delivering
         notice of the change of address to the Issuer and to each
         Securityholder.

(2)      The Issuer may change its address for delivery by delivering notice of
         the change of address to the Escrow Agent and to each Securityholder.

(3)      A Securityholder may change that Securityholder's address for delivery
         by delivering notice of the change of address to the Issuer and to the
         Escrow Agent.

10.5     POSTAL INTERRUPTION. A party to this Agreement will not mail a Document
         if the party is aware of an actual or impending disruption of postal
         service.

PART 11  GENERAL

11.1     INTERPRETATION - "HOLDING SECURITIES". Unless the context otherwise
         requires, all capitalized terms that are not otherwise defined in this
         Agreement, shall have the meanings as defined in POLICY 1.1 -
         INTERPRETATION or in POLICY 5.4 - ESCROW, VENDOR CONSIDERATION AND
         RESALE RESTRICTIONS.

         When this Agreement refers to securities that a Securityholder "holds",
         it means that the Securityholder has direct or indirect beneficial
         ownership of or control or direction over the securities.

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 12
(as at August 2002)
<PAGE>

11.2     ENFORCEMENT BY THIRD PARTIES. The Issuer enters this Agreement both on
         its own behalf and as trustee for the Exchange and the Securityholders
         of the Issuer, and this Agreement may be enforced by either the
         Exchange, or the Securityholders of the Issuer, or both.

11.3     TERMINATION, AMENDMENT, AND WAIVER OF AGREEMENT

(1)      Subject to subsection 11.3(3), this Agreement shall only terminate:

         (a) with respect to all the Parties:

               (i)     as specifically provided in this Agreement;
               (ii)    subject to subsection 11.3(2), upon the agreement of all
                       Parties; or
               (iii)   when the Securities of all Securityholders have been
                       released from escrow pursuant to this Agreement; and

         (b) with respect to a Party:

               (i)     as specifically provided in this Agreement; or
               (ii)    if the Party is a Securityholder, when all of the
                       Securityholder's Securities have been released from
                       escrow pursuant to this Agreement.

(2)      An agreement to terminate this Agreement pursuant to section
         11.3(1)(a)(ii) shall not be effective unless and until the agreement to
         terminate

         (a)   is evidenced by a memorandum in writing signed by all Parties;
         (b)   has been consented to in writing by the Exchange; and
         (c)   has been approved by a majority of securityholders of the Issuer
                who are not Securityholders.

(3)      Notwithstanding any other provision in this Agreement, the obligations
         set forth in section 9.1 shall survive the termination of this
         Agreement and the resignation or removal of the Escrow Agent.

(4)      No amendment or waiver of this Agreement or any part of this Agreement
         shall be effective unless the amendment or waiver:

         (a)   is evidenced by a memorandum in writing signed by all Parties;
         (b)   has been approved in writing by the Exchange; and
         (c)   has been approved by a majority of securityholders of the Issuer
               who are not Securityholders.

(5)      No waiver of any of the provisions of this Agreement shall be deemed or
         shall constitute a waiver of any other provision (whether similar or
         not), nor shall any waiver constitute a continuing waiver, unless
         expressly provided.

11.4     SEVERANCE OF ILLEGAL PROVISION. Any provision or part of a provision of
         this Agreement determined by a court of competent jurisdiction to be
         invalid, illegal or unenforceable shall be deemed stricken to the
         extent necessary to eliminate any invalidity, illegality or
         unenforceability, and the rest of the Agreement and all other
         provisions and parts thereof shall remain in full force and effect and
         be binding upon the parties hereto as though the said illegal and/or
         unenforceable provision or part thereof had never been included in this
         Agreement.

11.5     FURTHER ASSURANCES. The Parties will execute and deliver any further
         documents and perform any further acts reasonably requested by any of
         the Parties to this agreement which are necessary to carry out the
         intent of this Agreement.

11.6     TIME.  Time is of the essence of this Agreement.

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 13
(as at August 2002)
<PAGE>

11.7     CONSENT OF EXCHANGE TO AMENDMENT. The Exchange must approve any
         amendment to this Agreement.

11.8     ADDITIONAL ESCROW REQUIREMENTS. A Canadian exchange may impose escrow
         terms or conditions in addition to those set out in this Agreement.

11.9     GOVERNING LAWS. The laws of British Columbia and the applicable laws of
         Canada will govern this Agreement.

11.10    COUNTERPARTS. The Parties may execute this Agreement by fax and in
         counterparts, each of which will be considered an original and all of
         which will be one agreement.

11.11    SINGULAR AND PLURAL. Wherever a singular expression is used in this
         Agreement, that expression is considered as including the plural or the
         body corporate where required by the context.

11.12    LANGUAGE. This Agreement has been drawn up in the English language at
         the request of all parties. Cet acte a ete redige en anglais a la
         demande de toutes les parties.

11.13    BENEFIT AND BINDING EFFECT. This Agreement will benefit and bind the
         Parties and their heirs, executors, administrators, successors and
         permitted assigns and all persons claiming through them as if they had
         been a Party to this Agreement.

11.14    ENTIRE AGREEMENT. This is the entire agreement among the Parties
         concerning the subject matter set out in this Agreement and supersedes
         any and all prior understandings and agreements.

11.15    SUCCESSOR TO ESCROW AGENT. Any corporation with which the Escrow Agent
         may be amalgamated, merged or consolidated, or any corporation
         succeeding to the business of the Escrow Agent will be the successor of
         the Escrow Agent under this Agreement without any further act on its
         part or on the part or any of the Parties, provided that the successor
         is recognized by the Exchange.

The Parties have executed and delivered this Agreement as of the date set out
above.

COMPUTERSHARE INVESTOR SERVICES INC.

/s/
_________________________________________
Authorized signatory

/s/
_________________________________________
Authorized signatory

TLC VENTURES CORP.

/s/
_________________________________________
Authorized signatory

/s/
_________________________________________
Authorized signatory

If the Securityholder is an individual:

/s/
_________________________________________
Doug Forster

/s/
_________________________________________
Blayne Johnson

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 14
(as at August 2002)
<PAGE>

SCHEDULE "A" TO ESCROW AGREEMENT

SECURITYHOLDER
--------------

NAME: DOUG FORSTER

SIGNATURE:  /s/ Doug Forster

ADDRESS FOR NOTICE:        700 - 900 West Hastings Street
                           Vancouver, B.C.  V6C 1E5

SECURITIES:

------------------------------------ ------------ ------------------------------
CLASS AND TYPE                       NUMBER       CERTIFICATE(S) (IF APPLICABLE)
(I.E. VALUE SECURITIES OR SURPLUS
SECURITIES
------------------------------------ ------------ ------------------------------
Value                                2,400,232

SECURITYHOLDER
--------------

NAME: BLAYNE JOHNSON

SIGNATURE:  /S/ BLAYNE JOHNSON

ADDRESS FOR NOTICE:        700 - 900 West Hastings Street
                           Vancouver, B.C.  V6C 1E5

SECURITIES:

------------------------------------ ------------ ------------------------------
CLASS AND TYPE                       NUMBER       CERTIFICATE(S) (IF APPLICABLE)
(I.E. VALUE SECURITIES OR SURPLUS
SECURITIES
------------------------------------ ------------ ------------------------------
Value                                2,400,233

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 15
(as at August 2002)
<PAGE>

             SCHEDULE B(1) - TIER 1 VALUE SECURITY ESCROW AGREEMENT

                              RELEASE OF SECURITIES

TIMED RELEASE
<TABLE><CAPTION>
--------------------------------- ----------------------------- ---------------------------
                                  PERCENTAGE OF TOTAL ESCROWED   TOTAL NUMBER OF ESCROWED
         RELEASE DATES            SECURITIES TO BE RELEASED      SECURITIES TO BE RELEASED
--------------------------------- ----------------------------- ---------------------------
<S>                               <C>                           <C>
    [INSERT DATE OF EXCHANGE      1/4 OF YOUR ESCROW SECURITIES
       BULLETIN FOR A RTO]
--------------------------------- ----------------------------- ---------------------------
[INSERT DATE 6 MONTHS FOLLOWING   1/3 OF YOUR REMAINING ESCROW
    EXCHANGE BULLETIN FOR A RTO]           SECURITIES
--------------------------------- ----------------------------- ---------------------------
[INSERT DATE 12 MONTHS FOLLOWING  1/2 OF YOUR REMAINING ESCROW
  EXCHANGE BULLETIN FOR A RTO]             SECURITIES
--------------------------------- ----------------------------- ---------------------------
[INSERT DATE 18 MONTHS FOLLOWING  ALL OF YOUR REMAINING ESCROW
  EXCHANGE BULLETIN FOR A RTO]             SECURITIES
--------------------------------- ----------------------------- ---------------------------
          TOTAL                              100%
--------------------------------- ----------------------------- ---------------------------
</TABLE>

*In the simplest case where there are no changes to the escrow securities
initially deposited and no additional escrow securities, then the release
schedule outlined above results in the escrow securities being released in equal
tranches of 25%.

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 16
(as at August 2002)
<PAGE>

             SCHEDULE B(2) - TIER 2 VALUE SECURITY ESCROW AGREEMENT

                              RELEASE OF SECURITIES

TIMED RELEASE
<TABLE><CAPTION>
--------------------------------- --------------------------------- -------------------------
                                     PERCENTAGE OF TOTAL ESCROWED   TOTAL NUMBER OF ESCROWED
         RELEASE DATES                SECURITIES TO BE RELEASED     SECURITIES TO BE RELEASED
--------------------------------- --------------------------------- -------------------------
<S>                               <C>                               <C>
  [INSERT DATE OF EXCHANGE        1/10 OF YOUR ESCROWED SECURITIES
     BULLETIN FOR A RTO]
--------------------------------- --------------------------------- -------------------------
[INSERT DATE 6 MONTHS FOLLOWING      1/6 OF YOUR REMAINING ESCROW
  EXCHANGE BULLETIN FOR A RTO]                SECURITIES
--------------------------------- --------------------------------- -------------------------
[INSERT DATE 12 MONTHS FOLLOWING     1/5 OF YOUR REMAINING ESCROW
  EXCHANGE BULLETIN FOR A RTO]                SECURITIES
--------------------------------- --------------------------------- -------------------------
[INSERT DATE 18 MONTHS FOLLOWING     1/4 OF YOUR REMAINING ESCROW
  EXCHANGE BULLETIN FOR A RTO]                SECURITIES
--------------------------------- --------------------------------- -------------------------
[INSERT DATE 24 MONTHS FOLLOWING     1/3 OF YOUR REMAINING ESCROW
  EXCHANGE BULLETIN FOR A RTO]                SECURITIES
--------------------------------- --------------------------------- -------------------------
[INSERT DATE 30 MONTHS FOLLOWING     1/2 OF YOUR REMAINING ESCROW
  EXCHANGE BULLETIN FOR A RTO]                SECURITIES
--------------------------------- --------------------------------- -------------------------
[INSERT DATE 36 MONTHS FOLLOWING     ALL OF YOUR REMAINING ESCROW
  EXCHANGE BULLETIN FOR A RTO]                SECURITIES
--------------------------------- --------------------------------- -------------------------
             TOTAL                               100%
--------------------------------- --------------------------------- -------------------------
</TABLE>

*In the simplest case where there are no changes to the escrow securities
initially deposited and no additional escrow securities, the release schedule
outlined above results in the escrow securities being released in equal tranches
of 15% after completion of the release on the date of the Exchange Bulletin.

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 17
(as at August 2002)
<PAGE>

            SCHEDULE B(3) - TIER 1 SURPLUS SECURITY ESCROW AGREEMENT

                              RELEASE OF SECURITIES

TIMED RELEASE
<TABLE><CAPTION>
-------------------------------- --------------------------------------- --------------------------
                                      PERCENTAGE OF TOTAL ESCROWED        TOTAL NUMBER OF ESCROWED
         RELEASE DATES                  SECURITIES TO BE RELEASED        SECURITIES TO BE RELEASED
-------------------------------- --------------------------------------- --------------------------
<S>                              <C>                                     <C>
  [INSERT DATE OF EXCHANGE            1/10 OF YOUR ESCROW SECURITIES
     BULLETIN FOR A RTO]
-------------------------------- --------------------------------------- --------------------------
[INSERT DATE 6 MONTHS FOLLOWING  1/6 OF YOUR REMAINING ESCROW SECURITIES
  EXCHANGE BULLETIN FOR A RTO]
-------------------------------- --------------------------------------- --------------------------
[INSERT DATE 12 MONTHS FOLLOWING 1/5 OF YOUR REMAINING ESCROW SECURITIES
  EXCHANGE BULLETIN FOR A RTO]
-------------------------------- --------------------------------------- --------------------------
[INSERT DATE 18 MONTHS FOLLOWING 1/4 OF YOUR REMAINING ESCROW SECURITIES
  EXCHANGE BULLETIN FOR A RTO]
-------------------------------- --------------------------------------- --------------------------
[INSERT DATE 24 MONTHS FOLLOWING 1/3 OF YOUR REMAINING ESCROW SECURITIES
  EXCHANGE BULLETIN FOR A RTO]
-------------------------------- --------------------------------------- --------------------------
[INSERT DATE 30 MONTHS FOLLOWING 1/2 OF YOUR REMAINING ESCROW SECURITIES
  EXCHANGE BULLETIN FOR A RTO]
-------------------------------- --------------------------------------- --------------------------
[INSERT DATE 36 MONTHS FOLLOWING ALL OF YOUR REMAINING ESCROW SECURITIES
  EXCHANGE BULLETIN FOR A RTO]
-------------------------------- --------------------------------------- --------------------------
             TOTAL                                 100%
-------------------------------- --------------------------------------- --------------------------
</TABLE>

*In the simplest case where there are no changes to the escrow securities
initially deposited and no additional escrow securities, the release schedule
outlined above results in the escrow securities being released in equal tranches
of 15% after completion of the release on the date of the Exchange Bulletin.

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 18
(as at August 2002)
<PAGE>

            SCHEDULE B(4) - TIER 2 SURPLUS SECURITY ESCROW AGREEMENT

                              RELEASE OF SECURITIES

TIMED RELEASE
<TABLE><CAPTION>
------------------------------------------- -------------------------------------- ----------------------------------
                                                PERCENTAGE OF TOTAL ESCROWED           TOTAL NUMBER OF ESCROWED
              RELEASE DATES                       SECURITIES TO BE RELEASED            SECURITIES TO BE RELEASED
------------------------------------------- -------------------------------------- ----------------------------------
<S>                                         <C>                                    <C>
 [INSERT DATE OF EXCHANGE BULLETIN FOR A                 NO RELEASE
                   RTO]
------------------------------------------- -------------------------------------- ----------------------------------
 [INSERT DATE 6 MONTHS FOLLOWING EXCHANGE      1/20 OF YOUR ESCROW SECURITIES
           BULLETIN FOR A RTO]
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 12 MONTHS FOLLOWING EXCHANGE       1/19 OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 18 MONTHS FOLLOWING EXCHANGE       1/18 OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 24 MONTHS FOLLOWING EXCHANGE       1/17 OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 30 MONTHS FOLLOWING EXCHANGE       1/8 OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 36 MONTHS FOLLOWING EXCHANGE       1/7 OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 42 MONTHS FOLLOWING EXCHANGE       1/6 OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 48 MONTHS FOLLOWING EXCHANGE       1/5 OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 54 MONTHS FOLLOWING EXCHANGE       1/4 OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 60 MONTHS FOLLOWING EXCHANGE       1/3 OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 66 MONTHS FOLLOWING EXCHANGE       1/2 OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
[INSERT DATE 72 MONTHS FOLLOWING EXCHANGE       ALL OF YOUR REMAINING ESCROW
           BULLETIN FOR A RTO]                           SECURITIES
------------------------------------------- -------------------------------------- ----------------------------------
                  TOTAL                                     100%
------------------------------------------- -------------------------------------- ----------------------------------
</TABLE>

--------------------------------------------------------------------------------
FORM 5D                         ESCROW AGREEMENT                         Page 19
(as at August 2002)EXHIBIT 4.4
                                                                     -----------

                       [Letterhead of Endeavour Financial]

December 12, 2003

Mr. Edward Farrauto                                     PRIVATE AND CONFIDENTIAL
TLC Venture Corp.
1400 1055 W Hastings St
Vancouver B.C. V6E 2E9

Dear Ed,

Re:      Proposal for Financial Advisory Services

Following our recent discussions, I am pleased to provide the following terms
under which TLC Venture Corp. (TLC) will retain Endeavour Financial Ltd.
("Endeavour") on an exclusive basis to provide general corporate financial
advice with respect to its strategic direction and corporate development.

During the course of this engagement, Endeavour will work closely with TLC's
management to identify and implement various transactions, which may include,
but are not limited to:

     o    Introduction to the capital markets including assistance to achieve a
          TSX listing; and/or
     o    Conventional equity/debt finance; and/or
     o    Convertible debt; and/or
     o    Subordinated / Mezzanine Finance; and/or
     o    Project acquisitions or divestitures; and/or
     o    Corporate mergers and acquisitions, or similar business combinations
          involving TLC or a subsidiary or division thereof.

each a "Transaction". The parties acknowledge that any Transaction with Gold
Fields Limited or any of its affiliates are excluded from the definition of
"Transaction".

DUTIES

Endeavour will act as financial advisor to TLC and as such will provide TLC with
advice and assistance regarding the solicitation, structuring, negotiating and
closing of a Transaction(s). It is understood that the specific duties may vary
with the type of Transaction undertaken, but in general Endeavour expects to
provide the following progression of services:

         1.     Assisting TLC in sourcing and evaluating potential sources of
                debt and equity, or other financing as required to permit TLC to
                continue its mineral property acquisition and exploration
                activities;
         2.     Assist TLC with undertaking detailed technical evaluation of any
                assets to be acquired, whether in-house or on-site, including a
                comprehensive review of operating histories and any geological
                material and reserve/resource estimates.
         3.     If appropriate, review relevant corporate material of the
                assets/TLC to be acquired, including the status of relevant
                corporate agreements and all available financial data.
         4.     Based on the foregoing review, prepare financial models for the
                businesses and assess the debt capacity of TLC under various
                scenarios (including pro-forma post-acquisition scenarios).
                Identify alternate debt scenarios and examine various corporate
                strategies opposite each debt scenario to determine the impact
                on future corporate cash flows.
         5.     Based on a review of the projected cashflows and discussions
                with management, identify strategic options and recommend to TLC
                a course of action and financing strategy.
         6.     Advise TLC management on payment structure, particularly with
                respect to the timing of payments, repatriation of funds, and
                repatriation regulations and procedures.
<PAGE>

         7.     In terms of a debt financing Transaction, determine prospective
                lenders that currently have both the lending and risk profile
                capacity to provide funds for the particular Transaction
                contemplated and manage and lead the solicitation process.
         8.     Assist TLC with preparing the appropriate marketing document
                (i.e. an Information Memorandum/Financing Plan), which will be
                used to solicit interest from potential lenders, investors,
                acquirers or merger partners.
         9.     In conjunction with TLC management, review the most favoured
                candidates and evaluate each as a component of TLC's overall
                business strategy. Select the candidate(s) or lenders that would
                produce the most optimal business Transaction.
         10.    Assist TLC to secure a Chief Executive Officer.
         11.    Initiate discussions with the qualified candidate(s) and
                co-ordinate all subsequent contacts, including arrangement for
                signature of Confidentiality Agreements, co-ordinate the
                dissemination of information memoranda and other materials.
         12.    If appropriate, assist TLC with preliminary due diligence it
                will need to undertake on a counter-party.
         13.    In concert with TLC management, negotiate the initial terms of
                the proposed Transaction(s) and assist in the drafting of a
                Letter of Intent with a view to progressing to a Definitive
                Agreement, or in the case of a debt finance transaction,
                negotiate and progress the signing of a Commitment Letter from
                the preferred lender.
         14.    Establish a detailed timetable and work schedule with TLC and
                the selected candidate(s) and/or financial institution. This
                work schedule will include a comprehensive schedule of tasks,
                required documentation and related Transaction(s) duties, as
                well as the delegation of responsibility to all parties
                involved.
         15.    As appropriate, assist TLC and its lawyers with completing a
                detailed review of various drafts of legal agreements, loan
                documentation and ancillary agreements to ensure the agreed
                Transaction structure is accurately reflected in the
                documentation and to ensure TLC's future corporate flexibility
                is not compromised or constrained by these agreements.
         16.    As appropriate, provide assistance with negotiating and closing
                the selected Transaction(s).

COVENANTS

Endeavour covenants with TLC that at all times Endeavour will act on a basis
that is fair and reasonable and exercise its powers and discharge its duties
under this agreement honestly, in good faith and in what reasonably appears to
Endeavour to be the best interests of TLC and, in connection therewith, shall
exercise the degree of care, diligence and skill that a reasonably prudent
financial advisor would exercise in comparable circumstances.

Further, Endeavour will comply with applicable securities laws and regulations
in the jurisdictions in which it is representing TLC; provided that TLC, on its
part, provides all information and takes such other action, acting reasonably,
as shall not otherwise be available to, or in the control of Endeavour, which is
required for such compliance.

ACKNOWLEDGEMENT

TLC acknowledges that:

         (i)    Endeavour has, or is likely to have, individual, corporate or
                institutional clients who are shareholders of TLC (the
                "Clients");
         (ii)   Endeavour acts, and will act, as consultant or financial advisor
                to other companies ("Competitors") in the same business as TLC;
                and
         (iii)  The interests of the Clients or the Competitors may come into
                conflict with those of TLC.

Endeavour shall be under no liability to TLC for, or as a result of, its acting
as consultant or financial advisor to Competitors and Clients, or the manner in
which it resolves conflicts of interest deriving therefrom, unless Endeavour has
acted in any manner which is dishonest or grossly negligent.

                                        2
<PAGE>

COMMERCIAL TERMS

Endeavour's remuneration for the above services is as follows:

         1.     A monthly Work Fee in the amount of CDN $5,000 invoiced in
                advance, payable to Endeavour by TLC in cash commencing on the
                date of execution of this mandate. The granting of 250,000 stock
                options to Endeavour pursuant to TLC's Stock Option Plan
                exercisable at $0.25 per common share for a period of five
                years.
         2.     A Milestone Fee of US $100,000 payable to Endeavour by TLC in
                cash or free trading shares, at Endeavour's election, upon TLC's
                execution of a Commitment Letter, Letter of Intent, or other
                notice of formal commitment from a perspective lender or
                counter-party to conclude a significant Transaction. This fee is
                deductible from the success fees.
         3.     A Success Fee payable by TLC to Endeavour, in cash or free
                trading shares, at Endeavour's election, at the time of closing
                the Transaction(s), payable as follows:

                  (i)    In the event of an acquisition of an asset or TLC (in
                         whole or in part), two percent (2%) of the purchase
                         price of the asset or two percent (2%) of the counter
                         party's Enterprise Value defined as the cash equivalent
                         value of any shares exchanged (priced at the average of
                         the 10 day price prior to the Transaction closing date)
                         plus the cash equivalent value of any short or long
                         term debt, less cash; and any up-front or committed
                         payment made by TLC or a subsidiary thereof, and/or any
                         investment made or committed to be made over any future
                         period by TLC or a subsidiary thereof, and/or any
                         guarantee made or subsequently committed to be made by
                         TLC or a subsidiary thereof within twelve (12) months
                         of closing a Transaction(s).
                  (ii)   In the event of a divestiture of an asset or TLC (in
                         whole or in part), two percent (2%) of the sale price
                         of the asset or two percent (2%) of the Enterprise
                         Value and any up-front or committed payment made by the
                         acquirer, and/or any investment made or committed to be
                         made over any future period by the acquirer, and/or any
                         guarantee made or subsequently committed to be made by
                         the acquirer within twelve (12) months of closing a
                         Transaction(s).
                  (iii)  In the event of a merger or similar business
                         combination, two percent (2%) of the Enterprise Value
                         of the counter party or their relevant subsidiary.
                  (iv)   In the event of a debt financing, two and one half
                         percent (2.5%) of the principal amount of any debt
                         provided or committed to be provided to TLC and/or its
                         subsidiaries, which shall include any amounts provided
                         as part of an overrun facility and the refinancing or
                         assumption of any existing debt.

In event that Endeavour is entitled to a fee on the debt portion of a
Transaction referred to in (i), (ii) or (iii) above, the Enterprise Value will
exclude that debt from the calculation.

All or part of the amounts payable to Endeavour pursuant to this agreement may
be subject to tax (including goods and services tax and applicable provincial
sales taxes), Where such taxes are applicable, an additional amount equal to the
amount of such taxes owing will be charged to and be paid by TLC.

Any amounts due and payable hereunder and outstanding for in excess of
forty-five (45) calendar days shall accrue interest at the prevailing LIBOR one
month fixing rate for CDN$ plus six percent (6%), compounding on a monthly
basis, both before and after judgment.

SEAT ON THE TLC BOARD OF DIRECTORS

During the term of this agreement, Endeavour will be entitled to nominate for
election one nominee mutually acceptable as a director of TLC in all management
information circulars prepared and circulated by management of TLC, and will
solicit proxies for the election of such nominee. This right will only be
exercisable when the articles of TLC are amended to allow for such nomination.

                                        3
<PAGE>

EXPENSES

Endeavour requires that all reasonable out of pocket costs, charges and
expenses, including travel, incurred by it in the performance of its obligations
under this mandate be reimbursed. Prior approval will be obtained before
incurring any expenses in excess of CDN $2,500.

REPORTING REQUIREMENTS

Endeavour will report to TLC on a regular basis in such detail as TLC may
reasonably request in connection with Endeavour's performance of its services
hereunder.

TLC will provide to Endeavour such information, documents, data, advice,
opinions and representations as Endeavour may reasonably request relating to any
Transaction that is the subject of this agreement. TLC represents and warrants
that any information furnished to Endeavour will not knowingly contain any
untrue statement of a material fact, or knowingly omit a material fact. TLC
shall ensure that Endeavour is advised on a timely basis of any material change
that may be reasonably considered relevant to this agreement.

CONFIDENTIALITY

Endeavour acknowledges that the business carried on by TLC and it subsidiaries
is an extremely competitive business and that disclosure of any confidential
information about the business or financial affairs of TLC and its subsidiaries
would place them at a competitive disadvantage. Endeavour shall use its
reasonable commercial efforts to preserve and protect the confidential nature of
any information concerning the business or financial affairs of TLC or any of
its dealings, transactions or affairs which may be disclosed to Endeavour by
employees, officers or agents of TLC during the duration of this agreement.
Without restricting the generality of the foregoing, Endeavour shall not:

         (i)    Disclose any of the aforesaid information to third parties
                without the prior written consent of TLC, provided that such
                consent shall not be required where the information is
                disclosed:
         (ii)   To the employees, officers, representatives, agents or
                professional advisors of Endeavour to enable such persons to
                assist Endeavour in providing consulting services to TLC
                hereunder;

                a)    To the employees, officers, agents or professional
                      advisors of TLC or such other persons as TLC management
                      may designate;
                b)    Pursuant to any law, statute or regulation, ordinance or
                      administrative, regulatory or judicial order; or

         (iii)  Use any of the aforesaid information for its own purpose or
                benefit or to the detriment or intended probable detriment of
                TLC.

         The foregoing covenants of Endeavour shall not apply to information
which:

         (i)    Through no act or omission of Endeavour is or becomes generally
                known or part of the public domain;
         (ii)   Is furnished to others by TLC without restriction on disclosure;
                or
         (iii)  Is lawfully furnished to Endeavour by a third party without
                Endeavour's knowledge of a breach of any restriction on
                disclosure owed to TLC.

INDEMNITIES

Please see Schedule A attached hereto.

TERMINATION

If accepted, this agreement between Endeavour and TLC will be in effect for a
minimum period of six (6) months, and shall continue in force on a
month-to-month basis, subject to termination on thirty (30) days written notice.
However, TLC may terminate this agreement without prior notice for just cause,
which shall include:

                                        4
<PAGE>

         (i)    Endeavour committing an act of bankruptcy or becoming involved
                in any fraud or dishonest or serious misconduct in circumstances
                that would, in the reasonable opinion of TLC, make Endeavour
                unsuitable to act on behalf of TLC; and
         (ii)   Endeavour failing to comply with any terms of this agreement
                with such failure not being rectified within fifteen (15) days
                of receipt of notice thereof from TLC.

Endeavour may terminate this agreement without prior notice for just cause,
which shall include:

         (i)    TLC committing an act of bankruptcy or becoming involved in any
                fraud or dishonest or serious misconduct in circumstances that
                would, in the opinion of Endeavour, make representation of TLC
                by Endeavour unsuitable;
         (ii)   TLC failing to comply with the terms of this agreement with such
                failure not being rectified within fifteen (15) days of receipt
                of notice from Endeavour; and

If this agreement is terminated for any reason, Endeavour shall be entitled to
receive, and TLC shall pay, Endeavour's fees and reimbursable expenses to the
date of termination.

TRANSACTIONS AFTER TERMINATION

In the event that, within twelve (12) months of termination, a Transaction is
concluded with:

1.   A party contacted by Endeavour or TLC, or one who has contacted Endeavour
     or TLC during the term of this Agreement; or
2.   Any party who is an affiliate of the foregoing; then

Endeavour will be entitled to the Success Fee as though no such termination had
occurred.

BINDING AGREEMENT

If you are in agreement with the terms of this proposal as outlined herein,
please indicate your agreement by signature below, at which time this proposal
shall become a binding agreement between the parties and shall be governed by
and construed in accordance with the laws of British Columbia.

Yours very truly,

ENDEAVOUR FINANCIAL LTD.

/s/
------------------------------
Gordon Keep
Managing Director - Corporate Finance
AGREED AND ACCEPTED dated this 12 day of December, 2003 on behalf of:

TLC Venture Corp.

/s/
------------------------------
Signature

Edward Farrauto - President
------------------------------
Name - Title

                                        5
<PAGE>

                             SCHEDULE A - INDEMNITY

TLC hereby agrees to indemnify and save Endeavour, its affiliates and their
respective directors, officers, employees and agents (collectively, the
"Indemnified Parties" and individually, an "Indemnified Party") harmless from
and against any and all losses, claims, actions, suits, proceedings, damages,
liabilities or expenses of whatsoever nature or kind, including any
investigation expenses incurred by any Indemnified Party, to which any
Indemnified Party may become subject by reason of the performance of
professional services rendered to TLC hereunder.

This indemnity will not apply in the event and to the extent that a court of
competent jurisdiction in a final judgment shall determine that the Indemnified
Party was negligent, guilty of wilful misconduct or was in breach of this
agreement.

In case any action is brought against an Indemnified Party in respect of which
indemnity may be sought against TLC, the Indemnified Party will give TLC prompt
written notice of any such action of which the Indemnified Party has knowledge
and TLC will undertake the investigation and defence thereof on behalf of the
Indemnified Party, including employment of counsel acceptable to such
Indemnified Party and make payment of all expenses.

No admission of liability and no settlement of any action shall be made without
the consent of TLC and the Indemnified Parties affected, such consent not to be
unreasonably withheld.

Notwithstanding that TLC will undertake the investigation and defence of any
action, an Indemnified Party will have the right to employ separate counsel in
any such action and participate in the defence thereof, but the fees and
expenses of such counsel will be at the expense of the Indemnified Party unless:

         (a)    Employment of such counsel has been authorized by TLC; or
         (b)    TLC has not assumed the defence of the action within a
                reasonable period of time after receiving notice of the action;
                or
         (c)    The named parties to any such action include both TLC and the
                Indemnified Party and the Indemnified Party shall have been
                advised by counsel that there may be a conflict of interest
                between TLC and the Indemnified Party; or
         (d)    There are one or more legal defences available to the
                Indemnified Party which are different from or in addition to
                those available to TLC.

TLC hereby constitutes Endeavour as trustee for each other Indemnified Party and
TLC under this paragraph with respect to such other Indemnified Parties and
Endeavour agrees to accept such trust and to hold and enforce such covenants on
behalf of such Indemnified Parties.

                                        6

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