Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Clearly Canadian Beverage Corporation - Exhibit 4.8

SHARE PURCHASE AGREEMENT 

THIS AGREEMENT is dated for reference the 5th day of
February, 2007 between Clearly Canadian Beverage Corporation, a company
incorporated under the laws of the Province of British Columbia with an office
at 2267 West 10th Avenue, Vancouver, B.C. V6K 2J1 (the “Purchaser”)
David Reingold, of 67 Gatcombe Circle, Richmond Hill, Ontario L4C 9P5 (“David”),
Lisa Reingold, of 67 Gatcombe Circle, Richmond Hill, Ontario L4C 9P5 (“Lisa”),
and Mark Goodman, of 84 Markwood Lane, Thornhill, Ontario, L4J 7A6 (“Mark” and
together with David and Lisa, the “Vendors”). 

WHEREAS: 

	A. 	
      DMR Food Corporation, a company incorporated under the
      laws of the Province of Ontario (“DMR”), operates and carries on, directly
      and indirectly, a business known as “Sweet Selections” manufacturing,
      marketing and selling dried fruit and nut snack foods (the
    “Business”).

	 	 
	B. 	
      The Vendors are collectively the legal and beneficial
      owners of 100% of the issued and outstanding shares of DMR (the “DMR
      Shares”).

	 	 
	C. 	
      The Vendors have severally agreed to sell and the
      Purchaser has agreed to purchase the DMR Shares on the terms and
      conditions set forth herein.

NOW THEREFORE, in consideration of the mutual covenants
and agreements contained in this Agreement and other good and valuable
consideration, the receipt and sufficiency of which is acknowledged, the parties
agree as follows: 

	1. 	INTERPRETATION

1.1 Definitions: In this Agreement and in any schedules
and amendments, the following terms will have the meanings set forth below
unless the context otherwise requires: 

	 	(a) 	
      “Agreement” means this Agreement including the Schedules
      attached as the same may be amended or supplemented from time to
    time;

	 	 	 	 
	 	(b) 	
      “Assets” means the rights, interests and assets of DMR,
      tangible and intangible and wherever located, which comprise the Business.
      Such rights, interests and assets will include, but are not limited
    to:

	 	 	 	 
	 		(i) 	
      all machinery, equipment, furniture, trade fixtures,
      computers, software, databases, inventory of raw materials, supplies, work
      in process and finished goods, trademarks, trade names, copyrights, and
      all other intellectual and proprietary property owned by DMR and used in
      connection with the operation of the Business;

	 	 	 	 
	 		(ii) 	
      all rights under all contracts to which DMR is a
      party;

	 	 	 	 
	 		(iii) 	
      all prepaid items of DMR;

Share Purchase Agreement 

2 

	 	(iv) 	
      all transferable licenses and permits of DMR;

	 	 	 
	 	(v) 	
      all accounts receivable, loans receivable (and liens in
      the collateral therefore), and all other current assets of DMR;

	 	 	 
	 	(vi) 	
      all books, records, files and databases of DMR;

	 	 	 
	 	(vii) 	
      all rights of DMR under express or implied warranties
      from the suppliers of DMR with respect to the Assets, to the extent
      assignable;

	 	 	 
	 	(viii) 	
      all of DMR’ claims, causes of action, choices in action,
      rights of recovery and rights of set-off of any kind arising out of the
      operation of the Business;

	 	 	 
	 	(ix) 	
      all of DMR’ right to receive mail and other
      communications, including, without limitation, all telephone and facsimile
      numbers and electronic mail addresses of DMR;

	 	 	 
	 	(x) 	
      all certifications and approvals, if any, from all
      certifying agencies issued to DMR and all of DMR’ right to all data and
      records held by certifying agencies;

	 	 	 
	 	(xi) 	
      the Intangible Assets;

	 	 	 
	 	(xii) 	
      all goodwill of DMR as a going concern; and

	 	 	 
	 	(xiii) 	
      all other properties, tangible and intangible, not
      otherwise referred to above which are owned by DMR or in which they have
      any interest and which are used in the conduct of the
  Business;

but does not include the Excluded
Assets or the Excluded Liabilities; 

	 	(c) 	
      “Books and Records” means all files, ledgers,
      correspondence, lists, manuals, reports, texts, notes, memoranda,
      invoices, receipts, accounts, financial statements, financial working
      papers, computer discs, tapes or other means of electronic storage, and
      all other records or documents of any nature or kind whatsoever belonging
      to DMR and used in connection with the Business;

	 	 	 
	 	(d) 	
      “Business Day” means any day except Saturday, Sunday or
      any statutory or civic holiday in the Provinces of British Columbia or
      Ontario;

	 	 	 
	 	(e) 	
      “Charter Documents” means articles, articles of
      incorporation, memorandum, memorandum of association, articles of
      association, by-laws, or any similar document of a corporate
  entity;

	 	 	 
	 	(f) 	
      “Claim” means any claim by the Purchaser against the
      Vendors, or the Vendors against the Purchaser, for any breach of
      representation, warranty, covenant or

Share Purchase Agreement 

3 

	 		
      other agreement or obligation of the Vendors or Purchaser
      pursuant to this Agreement on any agreement contemplated hereby;

	 	 	 	 
	 	(g) 	
      “Clearly Shares” means the common shares of the
      Purchaser;

	 	 	 	 
	 	(h) 	
      “Closing” means the completion of the sale and purchase
      of the Shares as provided in this Agreement;

	 	 	 	 
	 	(i) 	
      “Closing Date” means the date hereof or such other date
      as the parties may agree to in writing;

	 	 	 	 
	 	(j) 	
      “Closing Time” means 3:00 p.m. (Pacific Standard
      Time)/6:00 p.m. (Eastern Standard Time), or such other time on the Closing
      Date as the parties may agree in writing;

	 	 	 	 
	 	(k) 	
      “Contingent Purchase Price” has the meaning ascribed
      thereto in Section 3;

	 	 	 	 
	 	(l) 	
      “DMR EBITDA” means earnings of DMR from the Business
      before income tax, depreciation, and amortization, in respect of the
      applicable year end of DMR, determined in accordance with generally
      accepted accounting principles in Canada, consistently applied without any
      corporate allocation from the Purchaser unless agreed to by the parties in
      writing;

	 	 	 	 
	 	(m) 	
      “DMR Revenues” means the revenues of DMR from the
      Business, determined in accordance with generally accepted accounting
      principles in Canada, consistently applied;

	 	 	 	 
	 	(n) 	
      “DMR Working Capital” means, in respect of DMR, the
      amount by which (i) DMR’s cash, plus trade account receivables, plus
      inventory, plus pre-paid expenses, plus deposits exceeds (ii) DMR’s less
      bank indebtedness, less operating loans, less trade payables, less taxes
      payable, all determined in accordance with generally accepted accounting
      principles in Canada, consistently applied;

	 	 	 	 
	 	(o) 	
      “Encumbrances” means and includes, whether or not
      registered or recorded, any and all:

	 	 	 	 
	 		(i) 	
      mortgages, assignments of rent, liens, licences, leases,
      charges, security interests, hypothecs, and pledges against property
      (whether real, personal, mixed, tangible or intangible), or conditional
      sales contracts or title retention agreements or equipment trusts or
      financing leases relating thereto, or any subordination to any right or
      claim of others in respect thereof;

	 	 	 	 
	 		(ii) 	
      claims, interests and estates against or in proper
      (whether real, personal, mixed, tangible or intangible) including
      easements, rights-of-way servitudes or other similar rights in property
      granted to or reserved or taken by any person or any governmental body or
      authority;

Share Purchase Agreement 

4 

	 		(iii) 	
      any option, or other right to acquire, or acquire any
      interest in, any property; and

	 	 	 	 
	 		(iv) 	
      other encumbrances of whatsoever nature and kind against
      property (whether real, personal, mixed, tangible or
intangible);

	 	 	 	 
	 	(p) 	
      “Equipment Leases” means the leases under which the
      Leased Equipment is leased by DMR as more particularly described in
      Schedule D;

	 	 	 	 
	 	(q) 	
      “Excluded Assets” means cash and cash equivalents of DMR
      on the Closing Date;

	 	 	 	 
	 	(r) 	
      “Excluded Liabilities” means all liabilities of DMR of
      any kind whatsoever other than, in respect of the Business up to the
      Closing Date, trade payables, commissions payable, employee remittances of
      every kind whatsoever, federal, provincial, municipal, and/or state taxes
      of any kind whatsoever and operating credit facilities secured against
      receivables;

	 	 	 	 
	 	(s) 	
      “Insurance Policies” means those insurance policies as
      set forth in Schedule A;

	 	 	 	 
	 	(t) 	
      “Intangible Assets” means those registered and
      unregistered names, trade names, trademarks, designs, copyrights, patents
      and similar rights specifically and any proprietary software set forth in
      Schedule B;

	 	 	 	 
	 	(u) 	
      “Leased Equipment” means those assets included in the
      Assets which are leased by DMR and set forth in Schedule D;

	 	 	 	 
	 	(v) 	
      “Leases” means the leases and the agreements to lease
      under which DMR leases any real property, as listed in Schedule C attached
      hereto;

	 	 	 	 
	 	(w) 	
      “Material Contracts” means those contracts described in
      Schedule E;

	 	 	 	 
	 	(x) 	
      “Other Operating and Fixed Assets” means those operating
      and fixed assets set forth in Schedule F;

	 	 	 	 
	 	(y) 	
      “Operating Entities” means any subsidiaries or affiliates
      of DMR;

	 	 	 	 
	 	(z) 	
      “Person” means an individual, a corporation, a
      partnership, a trust, an unincorporated organization or a government
      agency or instrumentality;

	 	 	 	 
	 	(aa) 	
      “Place of Closing” means the offices of Aird & Berlis
      LLP, Barristers and Solicitors, in Toronto, Ontario;

	 	 	 	 
	 	(bb) 	
      “Purchase Price” has the meaning ascribed thereto in
      Subsection 2.1;

	 	 	 	 
	 	(cc) 	
      “Specified Assets” means those specified assets set forth
      in Schedule G; and

	 	 	 	 
	 	(dd) 	
      “Unaudited Financial Statements” means the unaudited
      financial statements of DMR relating to the Business for the 12 month
      period ending October 31, 2003, the 12 month period ending October 31,
      2004, the 11 month period ending

Share Purchase Agreement 

5 

September 30, 2005, the 12 month
period ending September 30, 2006 and the 3 month period ending December 31,
2006, copies of which are incorporated as Schedule H. 

1.2 Schedules: The following are the schedules delivered
concurrently with, and incorporated in, this Agreement: 

	Schedule
    	Description 
	A 	List
      of Insurance Policies 
	B 	List
      of Intangible Assets 
	C 	List
      of Lease(s) 
	D 
	List of Leased Equipment and Equipment
      
Leases 
	E 	List
      of Material Contracts 
	F 	List
      of Other Operating and Fixed Assets 
	G 	List
      of Specific Assets 
	H 	Unaudited Financial Statements 
	I 	List
      of 15 Largest Customers 
	J 	List
      of 15 Largest Suppliers 
	K 	List
      of Bank Facilities 
	L 	List
      of Insurance Policies 
	M 	List
      of Employees 
	N 	List
      of Employee Benefits 
	O 	List
      of Material Contracts 
	P 	List
      of Required Consents 
	Q 	Form
      of Warrant Purchase Agreement 
	R 
	Form of Consulting/Non-Compete 
Agreement
  
	S 	List
      of Excluded Liabilities 
	T 	List
      of Related Party Debts 
	U 	Form
      of Warrant Certificate 

1.3 Division, Headings, Index: The division of this
Agreement into sections, subsections and paragraphs and the insertion of
headings and any index provided are for convenience of reference only and will
not affect the construction or interpretation of this Agreement. 

1.4 Gender and Number: Unless the context otherwise
requires, words importing the singular include the plural and vice versa and
words importing gender include both genders. 

Share Purchase Agreement 

6 

1.5 Best Knowledge. Any reference herein to “the best of
the knowledge” of the Vendors will be deemed to mean the actual knowledge of
David. 

1.6 Several Obligations. The obligations of the Vendors
hereunder are several and not joint and several. 

1.7 Administrative Convenience. Wherever this Agreement
contemplates the making of a payment in money by the Purchaser to the Vendors,
or the issue of securities certificates by the Purchaser to the Vendors, such
payments will be made, and such securities certificates will be issued, to the
Vendors in accordance with joint written directions from the Vendors to the
Purchaser contemporaneously with the making of such payment or the issue of such
securities certificates. 

1.8 Currency: All dollar amounts referred to in this
Agreement are stated in lawful money of Canada, unless otherwise expressly
stated. 

	2. 	PURCHASE AND PURCHASE PRICE
  

2.1 Purchase: On the Closing Date and subject to the
terms and conditions contained in this Agreement, the Vendors will sell, assign
and transfer the DMR Shares, free from any and all Encumbrances, and the
Purchaser will purchase the DMR Shares, free from any and all Encumbrances, for
the aggregate price of $3,450,000.00 plus the contingent purchase price as
described in Section 3. 

2.2 Payment of Purchase Price: The Purchase Price, other
than the Contingent Purchase Price, will be payable by the Purchaser to the
Vendors as follows: 

	 	(a) 	
      the sum of $450,000.00 (the “First Payment”) by certified
      or solicitor’s trust cheque on Closing;

	 	 	 
	 	(b) 	
      the sum of $450,000.00, in 36 monthly instalments of
      $12,500 each on the last Business Day of each month, commencing in the
      month of Closing; and

	 	 	 
	 	(c) 	
      the issuance of warrants, vesting immediately and
      expiring on the third anniversary of the Closing Date, to purchase an
      aggregate of up to 3,000,000 Clearly Shares at a purchase price of $4.00
      USD per share (the “Warrants”).

2.3 Best Efforts to Exercise Warrants. Provided that the
Warrants may be exercised by the Vendors and the Clearly Shares issuable to the
Vendors upon exercise thereof may be freely traded by the Vendors in compliance
with applicable laws, and further provided that the trades hereinafter
contemplated are not subject to the “short swing” rules under United States
legislation, then the following provisions of this section 2.3 will apply during
the period (the “Warrant Exercise Period”) commencing at such time as the
Warrants may be exercised by the Vendors and the Clearly Shares issuable to the
Vendors upon exercise thereof may be freely traded by the Vendors and ending on
the earlier of: (a) the One Year Anniversary (defined below); and (b) the date
on which the Vendors have exercised Warrants to acquire an aggregate of 750,000
Clearly Shares. If, during the Warrant Exercise Period, the Clearly Shares are
trading on the NASD OTC or other public securities exchange at a price in excess
of US$4.10 per share, 

Share Purchase Agreement 

7 

the Vendors will use their reasonable best efforts to: (i)
exercise the Warrants to acquire such number of Clearly Shares as is equal to
not less than 20% of the trading volume in the Clearly Shares on such market on
that trading day (provided such trading volume is ascertainable, failing which
the Vendors, acting in good faith, will be entitled to determine the number of
Warrants to exercise); and (ii) sell the Clearly Shares issued to them upon
exercise of the Warrants referred to in (i) above at a price in excess of
US$4.10. The Purchaser covenants and agrees that it will deposit all proceeds
received by it from the exercise of the Warrants during the Warrant Exercise
Period as aforesaid in escrow pending payment to the Vendors of all amounts due
to the Vendors in accordance with the provisions of Subsection 2.4 hereof. 

	2.4 	
      Conditional Payment:

	 	 	 
		(a) 	
      In the event the Vendors have not received, by no later
      than the 180th day following the Closing Date (the “Six Month
      Anniversary”), a net amount of $450,000.00 through the sale of all, or
      any, of the Clearly Shares underlying the Warrants, net of sales
      commissions and costs of purchasing such underlying shares (the “Warrant
      Sale Proceeds”), the Vendors will have the right to demand that the
      Purchaser make a payment to the Vendors of an amount equal to the
      difference obtained by subtracting the Warrant Sale Proceeds from $450,000
      (the “Second Payment”). The Second Payment will be paid by the Vendors to
      the Purchaser, within 15 Business Days of the Purchaser receiving written
      notice from the Vendors of demand for the Second Payment as aforesaid (the
      “First Demand”), by, at the Purchaser’s option, (i) certified cheque or
      solicitor’s trust cheque; or (ii) such number of Clearly Shares as have a
      market value equal to the Second Payment (the “Second Payment Clearly
      Shares”), such market value being calculated based on the average closing
      price of the Clearly Shares on the NASD OTC, or other public securities
      exchange, for the 10 trading day time period immediately proceeding the
      day on which the Purchaser receives the First Demand; provided, however,
      (A) the Purchaser will only have the option to make the Second Payment in
      Clearly Shares if the Clearly Shares have traded an average daily volume
      of 100,000 shares for the 30 trading days immediately preceding the day on
      which the Purchaser receives the First Demand; (B) in the event the Second
      Payment is paid in Clearly Shares and the Vendors have not received, by no
      later than the 20th trading day following the Vendors’ receipt
      of the Second Payment (the “Second Payment Anniversary”), an amount equal
      to the Second Payment, through the sale of all of the Second Payment
      Clearly Shares, net of sales commissions (the “Second Payment Share Sale
      Proceeds”) and other costs of disposition, the Vendors will have the right
      to demand that the Purchaser make a payment to the Vendors equal to the
      difference obtained by subtracting the Second Payment Share Sale Proceeds
      from the Second Payment (the “Second Payment Shortfall”); (C) the Second
      Payment Shortfall will be paid by the Purchaser to the Vendors, within 15
      Business Days of the Purchaser receiving written notice from the Vendors
      of demand for the Second Payment Shortfall (the “Second Payment Shortfall
      Demand”), by the issuance to the Vendors of such number of Clearly Shares
      as have a market value equal to such Second Payment Shortfall, such market
      value being calculated based on the average closing price of the Clearly
      Shares on the NASD OTC, or other public securities exchange,
  for

Share Purchase Agreement 

8 

	 		
      the 10 trading day time period immediately proceeding the
      day on which the Purchaser receives the Second Payment Shortfall Notice;
      and (D) in the event the Vendors do not deliver the First Demand to the
      Purchaser within 20 Business Days of the Six Month Anniversary, the
      Vendors, subject to Paragraph 2.4(b), will forfeit any further right to
      demand payment of the Second Payment. Further, the Vendor will not have
      any right to receive payment of the Second Payment Shortfall if the
      Vendors have not sold all of the Second Payment Clearly Shares prior to
      the Second Payment Anniversary;

	 	 	 
	 	(b) 	
      In the event the Vendors have not received, by no later
      than the 365th day following the Closing Date (the “One Year
      Anniversary”), a net amount of $3,000,000 (net of sales commissions and
      other costs of disposition and the cost of purchasing the Clearly Shares
      underlying the Warrants) through a combination of (i) the Warrant Sale
      Proceeds, if any, (ii) the First Payment, and (iii) the Second Payment, if
      any, the Vendors will have the right to demand that the Purchaser pay the
      Vendors an amount (the “Third Payment”) equal to the difference obtained
      by subtracting from $3,000,000 the sum of (i) the Warrant Sale Proceeds,
      if any, (ii) the First Payment, and (iii) the Second Payment. The Third
      Payment will be paid by the Purchaser to the Vendors, by certified cheque
      or solicitor’s trust cheque, as follows: (i) by applying the Warrant
      Purchase Proceeds, if any, and paying such amount within 10 Business Days
      of the Purchaser receiving written notice from the Vendors of demand for
      the Third Payment (the “Second Demand”); (ii) if any balance of the Third
      Payment remains outstanding following payment by the Purchaser to the
      Vendors of the amount referred to in (i), then 50% of such outstanding
      balance will be paid to the Vendors within 10 Business Days of the
      Purchaser receiving the Second Demand; and (iii) the remaining 50% of such
      outstanding balance will be paid to the Vendors on the 730th
      day following the Closing Date (the “Two Year Anniversary”). Upon
      receipt of the first instalment of the Third Payment, the Vendors will
      return to the Purchaser, for cancellation, any Warrants not yet exercised
      by the Vendors. In the event the Vendors do not deliver the Second Demand
      to the Purchaser within 20 Business Days of the One Year Anniversary, the
      Vendors will forfeit any further right to demand payment of the Third
      Payment.

2.5 Control of Excluded Assets: From and after the
Closing Date, the Purchaser will have operational control and responsibility of
the management of all of the Assets other than the Excluded Assets. 

	3. 	CONTINGENT PURCHASE PRICE
  

3.1 First Contingent Purchase Price: On the
45th Business Day following the One Year Anniversary, the Purchaser
will pay to the Seller, by certified or solicitor’s trust cheque, an amount
which equals the following percentage of $500,000.00: 

The average, expressed as a percentage, of: 

Share Purchase Agreement 

9 

	 	(a) 	2007 DMR Revenues -
      4,250,000 	) 	 	 
	 	  	6,000,000 - 4,250,000 	) 	x 	100 
	 	  	 	  	  	  
	 	  	and 	  	  	  
	 	  	 	  	  	  
	 	(b) 	2007 DMR EBITDA -
      205,000 	) 	  	  
	 	  	900,000 - 205,000 	) 	x 	100 

provided, however, that such payment does not exceed
$500,000.00. 

3.2 Second Contingent Purchase Price: On the
45th Business Day following the Two Year Anniversary, the Purchaser
will pay to the Seller, by certified or solicitor’s trust cheque, an amount
which equals the following percentage of $500,000.00: 

The average, expressed as a percentage, of: 

	 	(a) 	2008 DMR Revenues -
      4,250,000 	) 	  	  
	 	  	6,500,000 - 4,250,000 	) 	x 	100 
	 	  	 	  	  	  
	 	  	and 	  	  	  
	 	  	 	  	  	  
	 	(b) 	2008 DMR EBITDA -
      205,000 	) 	  	  
	 	  	1,050,000 - 205,000 	) 	x 	100 

provided, however, that such payment does not exceed
$500,000.00. 

3.3 Third Contingent Purchase Price: On the
45th Business Day following the third year anniversary (the “Three
Year Anniversary”) of the Closing Date (1,095th day following the
Closing Date), the Purchaser will pay to the Seller, by certified or solicitor’s
trust cheque, an amount which equals the following percentage of $500,000.00:

The average, expressed as a percentage, of: 

	 	(a) 	2009 DMR Revenues -
      4,250,000 	) 	  	  
	 	  	7,000,000 - 4,250,000 	) 	x 	100 
	 	  	 	  	  	  
	 	  	and 	  	  	  
	 	  	 	  	  	  
	 	(b) 	2009 DMR EBITDA -
      205,000 	) 	  	  
	 	  	1,155,000 - 205,000 	) 	x 	100 

provided, however, that such payment does not exceed
$500,000.00. 

3.4 Determination of Contingent Purchase Price. The
following provisions of this Section 3.4 will apply to the determination of the
Contingent Purchase Price: 

	 	(a) 	
      As soon as reasonably practicable following each of the
      One Year Anniversary, the Two Year Anniversary and the Third Year
      Anniversary, and in any event not

Share Purchase Agreement 

10 

	 		
      later than 30 days thereafter, the Purchaser will deliver
      to the Vendors copies of the unaudited financial statements of DMR
      relating to the Business for the preceding twelve month period, consisting
      of consisting of a balance sheet, an income statement and a statement of
      changes in financial position, together with the notes thereto and an
      explanation from the Purchaser as to the calculation of the Contingent
      Purchase Price.

	 	 	 
	 	(b) 	
      Unless the Vendors will otherwise have agreed in writing,
      the Purchase will cause the financial statements referred to in Section
      3.4(a) above to be prepared in accordance with generally accepted
      accounting principles in Canada, consistently applied, and in a manner
      consistent with the historical practice of DMR prior to completion of the
      transaction of purchase and sale herein contemplated.

	 	 	 
	 	(c) 	
      The Purchaser covenants and agrees with the Vendors that
      it will not, without the prior written consent of the Vendors, at any time
      prior to the Third Year Anniversary, take any action in relation to the
      Business or the preparation of the financial statements referred to in
      Section 3.4(a) above that would reasonably be expected to reduce DMR
      Revenues or DMR EBITDA.

	 	 	 
	 	(d) 	
      The Vendors will have the right to review all work papers
      and procedures used to prepare the financial statements referred to in
      Section 3.4(a) above. Unless the Vendors, within 15 Business Days after
      receipt by the Vendors of the said financial statements, jointly notify
      the Purchaser in writing that they object to any of the items in such
      financial statements (an “Objection Notice”) specifying therein the basis
      for such objection and each amount in dispute, the financial statements
      will become final and binding upon the parties for the purposes of this
      Agreement. If the Vendors and the Purchaser, together with their
      respective advisors, are unable to resolve any such objections within 15
      Business Days after an Objection Notice is received by the Purchaser, the
      dispute will be submitted to the Purchaser’s independent auditors (the
      “Independent Accountant”) who will be instructed by the Vendors and the
      Purchaser, jointly, to resolve the dispute in accordance with the terms of
      this Agreement and in an expeditious manner. The Independent Accountant
      will make a determination as to the matter or matters in dispute, which
      determination will set forth in a written statement addressed and
      delivered concurrently to the Purchaser and the Vendors. Such
      determination will be final and binding on the parties.

	 	 	 
	 	(e) 	
      DMR Revenues and DMR EBITDA shall be quantified in
      accordance with Sections 3.1 to 3.3 hereof based on the 12 month period
      commencing on and including January 1 and ending on December 31 in each of
      the years 2007, 2008 and 2009, respectively, regardless of the fiscal year
      of DMR.

3.5 Tax Treatment. The parties hereto agree that any
amounts paid to the Vendors in accordance with the provisions of this section 3
shall be deemed to be income to the Vendors for tax purposes. 

Share Purchase Agreement 

11 

	4. 	REPRESENTATIONS AND WARRANTIES OF THE
      VENDORS 

The Vendors severally represent and warrant to the Purchaser as
follows and acknowledge that the Purchaser is relying upon such representations
and warranties in connection with the purchase of the DMR Shares: 

	4.1 	
      Assets:

	 	 	 
		(a) 	
      Ownership: Except for the Leased Assets, DMR has
      good and marketable title to all of the Assets free and clear of all
      Encumbrances;

	 	 	 
		(b) 	
      Authority: The Vendors have the legal capacity,
      power and authority to enter into this Agreement and to transfer the legal
      and beneficial title and ownership of the DMR Shares to the Purchaser free
      of Encumbrances;

	 	 	 
		(c) 	
      Leased Equipment: The Leased Equipment is held
      under valid and subsisting Equipment Leases, each of which is listed in
      Schedule D. Each Equipment Lease is in full force and effect and without
      amendment thereto, and the Equipment Leases and the Leased Equipment are
      free and clear of all Encumbrances subject only to the rights of the
      lessors therein. Except for the Equipment Leases, there are no leases,
      agreements to lease or licences to which DMR is a party which have a
      capitalized value in excess of $500.00. DMR has not previously assigned
      the Equipment Leases nor sublet its interest in any of the Leased
      Equipment under the Equipment Leases. DMR has not released any of the
      other parties to such leases from the performance of any of their
      obligations thereunder. DMR is not in breach of any of the terms of any
      Equipment Leases, and DMR is not aware of any of the other parties to the
      Equipment Leases being in breach of any of the terms of the Equipment
      Leases, and, to the best of the knowledge of the Vendors, no event or
      condition has occurred which, either immediately or after notice or lapse
      of time or both, could give rise to the cancellation or termination of any
      of the Equipment Leases;

	 	 	 
		(d) 	
      Leases and Leased Premises. The Leases are valid
      and subsisting leases, each of which is listed in Schedule D. Each Lease
      is in full force and effect and without amendment thereto, and the Leases
      and the premises leased pursuant to the Leases (the “Leased Premises”) are
      free and clear of all Encumbrances, subject to the rights of the lessors
      therein. Except for the Leases, there are no leases, agreements to lease,
      tenancy arrangements or licences to which DMR is a party which have a
      capitalized value in excess of $500.00. DMR has not previously assigned
      the Leases nor sublet its interest in any of the Leased Premises under the
      Leases. DMR has not released any of the other parties to such Leases from
      the performance of any of their obligations thereunder. DMR is not in
      breach of any of the terms of any Leases, and DMR is not aware of any of
      the other parties to the Leases being in breach of any of the terms of the
      Leases, and, to the best of the knowledge of the Vendors, no event or
      condition has occurred which, either immediately or after notice or lapse
      of time or both, could give rise to the cancellation or termination of any
      of the Leases. There are no rent-free periods or

Share Purchase Agreement 

12 

	 		
      outstanding lessor's contributions or obligations for
      lessee incentives under any of the Leases which consist of subleases under
      which DMR is a sublessor. The Vendors have no knowledge of anything or
      matter which does or will give any of the sublessees under any of the
      subleases any right of abatement, set-off or deduction in respect of the
      rent payable by the sublessees;

	 	 	 
	 	(e) 	
      Condition of Assets: All fixed assets and
      equipment owned or used by DMR in the conduct of the Business, all of
      which is listed in either Schedules F or G, have been properly maintained
      and, other than normal wear and tear, are in good working order and
      contain no defects which could adversely affect the operation of the
      Business to any material degree;

	 	 	 
	 	(f) 	
      Rights to Assets: No present or former director,
      officer, shareholder or partner of DMR or any person not dealing at arm’s
      length with any of the foregoing owns directly or indirectly or has any
      agreement, option or commitment to acquire or lease, any property, asset,
      right or license used by the Business;

	 	 	 
	 	(g) 	
      Zoning: All real property at which DMR carries on
      the Business is zoned to permit the particular activity carried out on
      such property;

	 	 	 
	 	(h) 	
      Rents and Taxes: All rents, operating costs,
      property taxes (whether municipal, school, general and special taxes,
      rates, assessments, local improvements charges or frontage taxes),
      business taxes, development cost charges, other subdivision charges and
      costs and other levies which are chargeable against the Land and Buildings
      have been paid in full unless the same are not due and payable;

	 	 	 
	 	(i) 	
      Land and Buildings: The Leased Premises accurately
      reflect all interests of DMR in real property used in the conduct of the
      Business. To the best of the knowledge of the Vendors, neither asbestos
      nor urea formaldehyde foam is now used, or present, in any of the
      buildings which comprise the Leased Premises;

	 	 	 
	 	(j) 	
      Intangible Assets: The list of the Intangible
      Assets set out in Schedule B accurately reflects all registered and
      unregistered names, trade names, trademarks, designs, copyrights, patents
      and similar rights specifically including but not limited to the trade
      names and any proprietary software used in connection with the Business
      and/or owned or held by DMR on the date hereof free of Encumbrances;
      and

	 	 	 
	 	(k) 	
      Other Operating and Fixed Assets: The list of the
      Other Operating and Fixed Assets set out in Schedule F accurately reflects
      all operating and fixed assets owned or held by DMR having an original
      capital cost of $500 or more which are not disclosed elsewhere in this
      Subsection 1. Except for sales and purchases in the ordinary course of
      business since January 20, 2000, DMR owns such assets on the date hereof
      free of Encumbrances.

Share Purchase Agreement 

13 

	4.2 	
      Business Operations:

	 	 	 	 
		(a) 	
      Operating Authorities: DMR has acquired, and
      currently holds, all permits, licenses, consents, authorizations,
      approvals, privileges, waivers, exemptions, orders, certificates, rulings,
      agreements and other concessions granted by or entered into with any
      governmental or regulatory authority required in connection with the
      Assets or the Business, that are material to the Assets or the Business
      and all of the foregoing are in good standing and are being complied with
      in all material respects. Neither DMR or the Business is required to
      obtain, from any governmental or regulatory authority, or any other
      entity, any licences, permits, consents, approvals, certificates or
      registrations in connection with the change of ownership of the DMR Shares
      and the transactions as contemplated herein;

	 	 	 	 
		(b) 	
      Compliance with Laws: DMR is operating and using
      the Assets, and is conducting the Business, in compliance with all
      applicable laws and regulations of each jurisdiction in which the Assets
      are located or in which it conducts the Business;

	 	 	 	 
		(c) 	
      Operating Entities: There are no Operating
      Entities other than DMR;

	 	 	 	 
		(d) 	
      Owner’s Criminal Records: The Vendors have no
      criminal record; and

	 	 	 	 
		(e) 	
      Jurisdictions in which Business is Carried On: DMR
      does not carry on the Business or own or lease any assets in any
      jurisdiction other than in the Province of Ontario which would require
      registration or licensing in such jurisdiction.

	 	 	 	 
	4.3 	
      Customers and Suppliers:

	 	 	 	 
		(a) 	
      Customers: The list of accounts described in
      Schedule I accurately represents the 15  largest customers of the
      Business, by sales volume, and the sales volume for each such customer,
      for the 12 month period immediately preceding the date hereof.

	 	 	 	 
		(b) 	
      Suppliers: The list of accounts described in
      Schedule J accurately represents the 15 largest suppliers of the Business,
      by expense volume, and the expense volume of each such supplier, for the
      12 month period immediately preceding the date hereof.

	 	 	 	 
	4.4 	
      Financial:

	 	 	 	 
		(a) 	
      Unaudited Financial Statements: The Unaudited
      Financial Statements present fairly in all material respects the financial
      position of the Business as at the respective dates of the said statements
      and the results of DMR’s operation of the Business for the applicable
      period then ended in accordance with accounting principles used by DMR
      consistently applied.

	 	 	 	 
		(b) 	
      No Material Change: Since December 31, 2006 and up
      to the Closing Time there has been no material adverse change in the
      nature or condition of the Assets or the

Share Purchase Agreement 

14 

Business, financial or otherwise,
except changes occurring in the ordinary course of its business, nor has there
been any development or threatened or probable development of which DMR is aware
which materially and adversely affects the Assets or the Business. The Business
has been carried on in the ordinary course as it had previously been carried on.
In addition, save as disclosed herein, since December 31, 2006 and up to the
Closing Time, DMR has not: 

	 	(i) 	
      issued any shares or other securities;

	 	 	 
	 	(ii) 	
      incurred any liability or obligation (absolute or
      contingent) save current liabilities incurred in the ordinary course of
      business which as to their nature and amount are not inconsistent with the
      Business as carried on;

	 	 	 
	 	(iii) 	
      discharged or satisfied any Encumbrance or paid any
      obligation or liability (absolute or contingent) except for current
      liabilities incurred in the ordinary course of business and except for
      regularly scheduled payments of term debt and lease payments;

	 	 	 
	 	(iv) 	
      declared, paid, authorized or made any dividend, payment
      or distribution of any kind or nature to its shareholders or redeemed or
      purchased or otherwise acquired any of its capital stock or agreed to do
      so;

	 	 	 
	 	(v) 	
      subjected any of the Assets to any
Encumbrances;

	 	 	 
	 	(vi) 	
      sold or transferred any of the Assets or cancelled or
      released any debts or claims, except, in each case, in the ordinary course
      of business;

	 	 	 
	 	(vii) 	
      waived any rights of material value;

	 	 	 
	 	(viii) 	
      entered into any transaction or into any contracts or
      agreements or modifications or cancellations thereof, other than in the
      ordinary course of business;

	 	 	 
	 	(ix) 	
      made or authorized any payment to officers, directors or
      employees in their capacity as such except in the ordinary course of
      business and at rates of salary, bonus or other remuneration consistent
      with remuneration of previous years;

	 	 	 
	 	(x) 	
      used any funds other than in the ordinary course of
      business as theretofore carried on; and

	 	 	 
	 	(xi) 	
      made any capital expenditures greater than $5,000 or
      entered into any lease with a capitalized value greater than
  $5,000;

	 	(c) 	
      Books and Records: The Books and Records fairly
      and correctly set out and disclose in all material respects the financial
      position of the Business and all material financial transactions of the
      Business have been accurately recorded in the Books and
  Records;

Share Purchase Agreement 

15 

	 	(d) 	
      Working Capital: As at December 31, 2006 the DMR
      Working Capital was no less than $244,000.00 and since that time up to the
      Closing Time there has been no material change in the DMR Working Capital
      and as at Closing Time the DMR Working Capital will be no less than
      $260,000.00;

	 	 	 
	 	(e) 	
      Liabilities: Since December 31, 2006 and up to the
      Closing Time, and other than satisfaction of the representations and
      warranties set forth in Paragraphs 4.4(f) and 4.4(i), there has been no
      material adverse change in the debts or liabilities (whether accrued,
      contingent, absolute or otherwise and whether or not determined or
      determinable) of DMR or the Business;

	 	 	 
	 	(f) 	
      Excluded Liabilities: At the Closing Time, DMR
      will not have any debts or liabilities (whether accrued, contingent,
      absolute or otherwise and whether or not determined or determinable),
      including liabilities which arise hereafter based on events which have
      occurred up to the date hereof, in connection with the Excluded
      Liabilities, all of which are described in Schedule S.

	 	 	 
	 	(g) 	
      Receivables: All receivables recorded on the books
      of the Business are due and payable and no right of set off or
      counterclaim exists with respect to those accounts;

	 	 	 
	 	(h) 	
      Accountants: DMR has not had any material
      disagreement or dispute with their auditors or accountants over the
      accounting or tax treatment of the financial information of the Business;
      and

	 	 	 
	 	(i) 	
      Shareholder and Related Party Loans: Except as
      noted in Schedule T, at the Closing Time, DMR will not be indebted,
      directly or indirectly, to the Vendors or any present or former director,
      officer, shareholder, partner or employee of DMR or any person not dealing
      at arms length with any of the foregoing and none of such persons is
      indebted to DMR, including but not limited to those debts described in
      Schedule T, except for matters arising out of normal relations between
      employee and employer or the business and its
suppliers.

	4.5 	
      Banking:

	 	 	 
		(a) 	
      Loans and Credit Facilities: Other than as
      disclosed in the Unaudited Financial Statements, DMR has not entered into,
      or otherwise arranged for, any loans, operating lines of credit or other
      credit facilities (including interest rate or currency swaps, hedging
      contracts, forward loan or rate agreements or other financial
      instruments), and does not have outstanding any bonds, debentures,
      mortgages, notes or other similar indebtedness and DMR is not obligated to
      create or issue any bonds, debentures, mortgages, notes or other similar
      indebtedness;

	 	 	 
		(b) 	
      Bank Facilities: Schedule K contains a complete
      and accurate listing showing the name of each bank, trust company or
      similar financial institution in which DMR has an account, safety deposit
      box or other banking facility, including the names of all persons
      authorized to transact business in respect of such
  accounts;

Share Purchase Agreement 

16 

		(c) 	
      Guarantees/Indemnities: DMR has not guaranteed or
      indemnified, or agreed to guarantee or indemnify, or agreed to any other
      like commitment, in respect of any debt, liability or other obligation of
      any person.

	 	 	 
	4.6 	
      Insurance:

	 	 	 
		(a) 	
      List of Policies: Schedule L contains a complete
      and accurate listing of all insurance policies of DMR relating to the
      Assets and the Business including all property damage, general liability,
      motor vehicle, director and officer liability and life policies on which
      DMR has paid premiums from time to time;

	 	 	 
		(b) 	
      Good Standing: Each of the insurance policies
      listed in Schedule L is in good standing, all premiums required to be paid
      by DMR have been properly paid, there have been no misrepresentations or
      failures to disclose material facts, and there has been no refusal to
      renew any of the policies and the Vendors have no knowledge of any facts
      which might render any of the policies invalid, unenforceable or
      non-renewable; and

	 	 	 
		(c) 	
      Outstanding Claims: No threatened or actual claims
      against any of the policies described in Schedule L have been made in the
      last 3 years, except as otherwise noted in Schedule L. DMR has given
      notice of or has otherwise presented in a timely fashion every claim under
      each such insurance policy.

	 	 	 
	4.7 	
      Tax Matters:

	 	 	 
		(a) 	
      Filings: DMR has duly and timely filed all
      returns, elections and designations required to be filed by it with any
      taxation authority or if not filed on a timely basis, all fees, penalties,
      interest and other amounts payable as a result thereof have been paid or
      provided for. No such returns, elections or designations contain any
      material misstatement or omit any material statements that should have
      been included and each return, election and designation, including
      accompanying schedules and statements is true, correct and complete in all
      material respects;

	 	 	 
		(b) 	
      Payment: DMR has paid in full, or provided for,
      all amounts (including but not limited to sales, capital, use and
      consumption taxes and taxes measured on income and all instalments of
      taxes) owing to all federal, provincial and municipal taxation authorities
      due and payable by it up to the date of this Agreement;

	 	 	 
		(c) 	
      Extensions: There are no agreements, waivers or
      other arrangements with any taxation authority providing for an extension
      of time with respect to the filing of any return, election or designation
      by, or any payment of any amount by or governmental charge against DMR nor
      with respect to the issuance of any assessment or reassessment;

	 	 	 
		(d) 	
      Adverse Proceedings: There are no actions, suits,
      proceedings, investigations or claims by any governmental authority
      pending or threatened against DMR relating to taxes, governmental charges
      or assessments. There are also no matters

Share Purchase Agreement 

17 

	 		
      under discussion with any governmental authority relating
      to taxes, governmental charges or assessments asserted or to be asserted
      by such authority;

	 	 	 
	 	(e) 	
      Deductions/Remittances: DMR has withheld and
      remitted all amounts required to be withheld by it including without
      limitation, income tax, CPP contributions and Employment Insurance
      premiums and has paid such amounts including any penalties or interest due
      to the appropriate authority on a timely basis and in the form required
      under the appropriate legislation;

	 	 	 
	 	(f) 	
      Acquisitions: DMR has not acquired property from,
      or disposed of property to, any person, firm or corporation with whom DMR
      does not deal at arm’s length since December 31, 2004; and

	 	 	 
	 	(g) 	
      Other Jurisdictions: DMR has not filed or is not
      currently required to file any returns, elections or designations with any
      taxation authority located in any jurisdiction other than the Province of
      Ontario.

	4.8 	
      Employee Matters:

	 	 	 
		(a) 	
      List of Employees: The list of employees set out
      in Schedule M is a comprehensive list of the employees and commissioned
      sales people of the Business as at the Closing Date and includes an
      accurate description of the compensation and/or commission structure,
      position, length of employment and job classification;

	 	 	 
		(b) 	
      Employment Contracts: Except as set forth in
      Schedule M, DMR is not a party to any oral or written consulting contract,
      management contract, labour services contract or similar agreement for the
      services of a particular individual and none of the employees of the
      Business are employed on other than an indefinite hiring basis terminable
      on reasonable notice according to law without further liability to the
      Business;

	 	 	 
		(c) 	
      Benefit Plans: Schedule N contains a complete and
      accurate listing of all benefit, bonus, profit-sharing, retirement income,
      termination or severance, dental, medical, disability, health or other
      plan, program, policy or other arrangement in place for the benefit or
      advantage of the salaried employees of the Business as at the Closing Date
      and there have been no material variations to this list since that date
      other than in the ordinary course of business. All contributions required
      to be made by DMR to such plans have been properly made and all retirement
      plans are fully funded, and all returns and other documents have been
      filed and all amounts owing to any governmental or other regulatory
      authority relating to such plans, programs, policies or arrangements have
      been paid;

	 	 	 
		(d) 	
      Worker’s Compensation: DMR has paid in full all
      amounts owing by it under the Workers’ Compensation Act (Ontario).
      Except as stated in Schedule A, no claims have been made against DMR
      pursuant to the Workers’ Compensation Act
  (Ontario).

Share Purchase Agreement 

18 

		(e) 	
      Pension Plans: DMR does not have nor has it ever
      had a pension plan for any of its employees; and

	 	 	 
		(f) 	
      Employer Associations: DMR is not a member of any
      employer, management, industry or other trade or business association
      under which the Business is obligated to contribute to any employee or
      contractor employee benefit fund, including any pension plans, health
      benefit plans or other similar employee entitlements.

	 	 	 
	4.9 	
      Litigation and Claims:

	 	 	 
		(a) 	
      Adverse Proceedings: There are no outstanding
      actions, claims, demands, lawsuits, prosecutions or governmental
      investigations by or against DMR and the Business and there is no other
      adverse proceeding which is pending or threatened by, against, or relating
      to DMR, the Assets or the Business. The Vendors are not aware of any basis
      for any other action, claim, demand, lawsuit, investigation or other
      adverse proceeding which, if pursued would have a significant likelihood
      of having a material adverse effect on any of the Assets or the
      Business;

	 	 	 
		(b) 	
      Compliance Directives: There are no outstanding
      compliance directives or work orders of relating to the Assets or the
      Business, from any police, fire department, sanitation or health
      authorities, environmental agencies, or from any other federal, state or
      municipal authority, department or agency, nor does DMR have notice that
      there are any matters under formal consideration by any such authorities
      relating to any of the Assets or the Business;

	 	 	 
		(c) 	
      Notice of Default/Claims: Except as expressly
      disclosed in this Agreement, DMR has not received any notice of any
      default, violation or termination of any of the Material Contracts, Leases
      or other contracts entered into by DMR which will, or is likely to, result
      in such a default, violation or termination;

	 	 	 
		(d) 	
      No Seizure: There is no appropriation,
      expropriation or seizure of any of the Assets that is pending or which has
      been threatened against DMR; and

	 	 	 
		(e) 	
      Trademark and Patent Infringement: The conduct of
      the Business by DMR does not infringe upon any patent, trademark or other
      proprietary right, domestic or foreign, of any person in respect of which
      there is any significant likelihood that it would have a material adverse
      effect on the Assets or the Business.

	 	 	 
	4.10 	
      Contracts and Commitments:

	 	 	 
		(a) 	
      Material Contracts: Other than the Leases,
      Schedule O contains a complete and accurate listing of all material
      contracts, agreements, leases, commitments, instruments or other dealings
      to which DMR is a party, by which DMR is bound or under which DMR is
      entitled to any benefits. For the purposes of this Agreement a contract
      will be material if:

Share Purchase Agreement 

19 

	 	(i) 	
      performance of any right or obligation by any party to
      such contract involves a payment by either party of $1,000 or more and
      having a term of more than one year; or

	 	 	 
	 	(ii) 	
      if an expenditure, receipt or transfer or other
      disposition of property with a value of greater than $1,000 may arise
      under such contract (other than a contract with a customer or supplier in
      the ordinary course of business); or

	 	 	 
	 	(iii) 	
      if such contract has been entered into out of the
      ordinary course of business; and

	 	(b) 	
      Good Standing: Except as disclosed herein, DMR is
      not in breach or default of any of the terms of the Material Contracts,
      and the Vendors are not aware of any breach or default of any of the terms
      of the Material Contracts by any other party thereto, and each such
      contract is in good standing and in full force and effect without
      amendment thereto. No state of facts exists, which, after notice or lapse
      of time or both, would constitute such a default or breach where there is
      any significant likelihood that such breach or default referred to in
      this

	 	 	 
	 		
      Paragraph 4.10(b) would have a material adverse effect on
      the Assets or the Business.

	4.11 	
      Contingency and Environmental
  Liabilities:

	 	 	 
		(a) 	
      Compliance: The Business is in compliance in all
      material respects with all federal, provincial and municipal environmental
      laws and regulations (the “Environmental Laws”). The existing activities
      of the Business and the uses and activities of property now or previously
      owned or operated by DMR, comply and at all times have complied with all
      Environmental Laws. DMR has filed all environmental reports and
      notifications required to be filed under applicable laws and
      regulations;

	 	 	 
		(b) 	
      Notice of Non-Compliance: To the best knowledge of
      the Vendors, DMR, or any prior owner or occupant of the property now
      leased or operated by DMR, has not received any notice or other
      communication alleging that they are not in compliance with any
      Environmental Laws, or alleging any liability under any Environmental
      Laws. DMR and the Business are not subject to, and have not been subject
      to, any claim, judgement, decree, order, writ, citation, fine, penalty,
      injunction, litigation or proceeding relating to any Environmental
      Laws;

	 	 	 
		(c) 	
      Hazardous Material: To the best knowledge the
      Vendors, DMR, or any other person or entity has not engaged in or
      permitted any operations or activities upon, or any use or occupancy of
      property now or previously owned or operated by DMR, resulting in the
      storage, emission, release, discharge or disposal of any hazardous
      materials on, in, under or from any property used for or by the Business;
      and

Share Purchase Agreement 

20 

		(d) 	
      No Expenditures: No expenditures will be required
      in order for the Assets to comply with Environmental Laws in connection
      with the current operation and continued operation of the activities of
      the Business.

	 	 	 
	4.12 	
      Corporate Status and Authority:

	 	 	 
		(a) 	
      Corporate Status: DMR has been duly organized and
      is validly subsisting under the laws of the Province of Ontario and has
      all requisite power and capacity to own or lease the Assets and to carry
      on the Business. DMR is duly qualified and licensed to carry on its
      business in all jurisdictions in which the nature of its business or the
      properties and assets owned or leased by it make such qualification and
      licensing necessary and where the failure to be so qualified and licensed
      would have a material adverse effect on the Business or the
  Assets;

	 	 	 
		(b) 	
      Authorization: The Vendors have full power,
      capacity and authority to enter into this Agreement on the terms and
      conditions hereof;

	 	 	 
		(c) 	
      Amendments to Charter: DMR has not made any
      amendments to its Charter Documents other than those expressly reflected
      in its corporate records; and

	 	 	 
		(d) 	
      Corporate Records: The corporate records and
      minute books of DMR accurately reflect all material proceedings of its
      directors and shareholders and include complete and accurate minutes of
      all meetings of its directors and shareholders, copies of all resolutions
      passed, up-to-date and accurate shareholder and director registers,
      transfer registers and any other corporate registers required to be
      maintained by DMR. All meetings of shareholders and directors and partners
      were duly called and held and all resolutions, whether passed at meetings,
      or in writing, are valid and effectual in all cases where the matters
      dealt with at such meetings or in such resolutions could have a material
      effect on DMR.

	4.13 	
      Share Capital:

	 	 
		
      (a) Share Capital: The authorized and issued share
      capital of DMR is as follows:

	 	Authorized: 	4,000 Common Shares 	  
	 	  	36,000 Preference
      Shares 	  
	 	  	 	  	  
	 	Issued: 	300 Common Shares 	  	  
	 	  	NIL Preference Shares
    	  
	 	  	 	  	  
	 	Shareholders: 	David Reingold - 	175 	Common Shares 
	 	  	Lisa Reingold - 	65 	Common Shares 
	 	  	Mark Goodman - 	60 	Common Shares 
	 	  	Total - 	300 	Common Shares 

The shares shown as constituting the
issued share capital of each of DMR have been duly issued and are outstanding as
fully paid and non-assessable shares; 

Share Purchase Agreement 

21

		(b) 	
      Rights to Acquire Securities: No person has any
      agreement, option, right or privilege (whether by law, pre-emptive, or
      contractual), or any interest capable of becoming an agreement, including
      convertible securities, warrants, or convertible obligations of any
      nature, for the purchase, subscription, allotment or issuance of any of
      the unissued shares of DMR.

	 	 	 	 
	4.14 	
      Effect of this Transaction:

	 	 	 	 
		(a) 	
      No Adverse Implications: Except as disclosed in
      Schedule P with respect to certain required consents, neither the
      execution and delivery of this Agreement nor the completion and
      performance of the transactions contemplated hereby will:

	 	 	 	 
			(i) 	
      give any person, government or regulatory authority, or
      any other entity, the right to terminate or cancel any contractual or
      other rights with DMR where such termination or cancellation would have a
      material adverse effect on the Assets or the Business;

	 	 	 	 
			(ii) 	
      violate any restriction of any nature applicable to DMR
      or relating to the disposition of the DMR Shares;

	 	 	 	 
			(iii) 	
      result in the creation of any liens or encumbrances on
      the DMR Shares or the Assets or in the default under any agreement giving
      a third party security against the Assets or in the crystallization of any
      floating charge in a debenture as general security interest in a security
      agreement granted, issued or assumed by DMR where any of such events could
      have a material adverse effect on the Assets or the Business;
nor

	 	 	 	 
			(iv) 	
      violate any provision of any indenture, mortgage, lien,
      lease, agreement, instrument, order, arbitration award, judgment or decree
      to which DMR is a party or by which DMR or the Assets are bound the
      violation of which could have a material adverse effect on the Assets or
      the Business or impair the legality or enforceability of this Agreement or
      the transactions contemplated hereby.

	 	 	 	 
		(b) 	
      Notice Procedure: DMR may, at any time up to 5:00
      p.m. on the day which is two Business Days prior to the Closing Date, give
      notice to the Purchaser advising it of any fact which, except for this
      Paragraph 4.14(b), would constitute a breach of any of the representations
      and warranties set out in this Paragraph 4.14(b). Such notice will state
      that it is being given pursuant to this Paragraph 4.14(b) and will set out
      sufficient information to enable the Purchaser to make a reasoned business
      judgment with respect to the choices set out herein. Upon receipt of such
      notice, the Purchaser may:

	 	 	 	 
			(i) 	
      postpone the Closing;

	 	 	 	 
			(ii) 	
      complete the Closing, in which case this Agreement will
      be deemed to be amended so that the representation and warranty in respect
      of which the notice was given will incorporate the disclosure set out in
      the notice;

Share Purchase Agreement 

22 

	 	(iii) 	
      or, terminate this Agreement without further obligation
      on the part of any party to this Agreement;

	5. 	COVENANTS OF THE VENDORS
  

The Vendors covenant and agree with the Purchaser as follows
and acknowledge that the Purchaser is relying upon such covenants and agreements
in connection with the purchase of the DMR Shares: 

5.1 Access to the Business: DMR will forthwith make
available to the Purchaser and its authorized representatives and, if requested
by the Purchaser, provide a copy to the Purchaser of all title documents,
contracts, financial statements, minute books, share certificate books, share
registers, plans, reports, licences, orders, permits, books of account,
accounting records, constating documents and all other documents, information or
data relating to DMR and the Business. The Vendors will afford the Purchaser and
its authorized representatives every reasonable opportunity to have free and
unrestricted access to the property, assets, undertaking, records and documents
of DMR. At the request of the Purchaser, the Vendors will execute or cause to be
executed such consents, authorizations and directions as may be necessary to
permit any inspection of any property of DMR or to enable the Purchaser or its
authorized representatives to obtain full access to all files and records
relating to any of the assets of DMR maintained by governmental or other public
authorities. At the Purchaser’s request, the Vendors will co-operate with the
Purchaser in arranging any such meetings as the Purchaser should reasonably
request with: 

	 	(a) 	
      all employees of the DMR;

	 	 	 
	 	(b) 	
      customers, suppliers, distributors or others who have or
      have had a business relationship with DMR; and

	 	 	 
	 	(c) 	
      auditors, solicitors or any other persons engaged or
      previously engaged to provide services to DMR who have knowledge of
      matters relating to the Business;

In particular, without limitation, the Vendors will permit the
Purchaser’s representatives or consultants to conduct such physical review of
the inventory of DMR as is necessary so as to enable the confirmation of the
condition of such inventory, to the reasonable satisfaction of the Purchaser.
The exercise of any rights of inspection by or on behalf of the Purchaser under
this Subsection will not mitigate or otherwise affect the representations and
warranties of the Vendors hereunder, which will continue in full force and
effect. In exercising its rights hereunder the Purchaser will use its reasonable
commercial efforts to avoid interfering with the Business to the extent
reasonably practical consistent with the need to complete its review of DMR.

5.2 Delivery of Books and Records: At the Closing Time
there will be delivered to the Purchaser by the Vendors all of the Books and
Records and Charter Documents. The Purchaser agrees that it will preserve the
Books and Records and Charter Documents so delivered to it for so long as such
items may be required to enable the Vendors to defend any claim against the
Vendors which could result in a Claim hereunder and at least until 5 years
following the Closing Date. The Purchaser will permit the Vendors or their
authorized representatives reasonable 

Share Purchase Agreement 

23 

access thereto in connection with the affairs of the Vendors.
The Purchaser will not be responsible or liable to the Vendors for or as a
result of any accidental loss or destruction of or damage to any such Books or
Records or Charter Documents, unless the Purchaser’s negligence caused the loss,
destruction or damage. 

5.3 Conduct Prior to Closing: Without in any way
limiting any other obligations of the Vendors hereunder, during the period from
the date hereof to the Closing Time: 

	 	(a) 	
      Conduct Business in the Ordinary Course: The
      Vendors will cause DMR to conduct the Business in its ordinary and normal
      course and the Vendors will cause DMR to refrain from, without the prior
      written consent of the Purchaser (such consent not to be unreasonably
      withheld), entering into any transaction or take any action that would
      constitute a breach of any representation, warranty, covenant or other
      obligation of the Vendors contained herein. In particular the Vendors will
      cause DMR to refrain from entering into any contract or commitment which
      would, if entered into prior to the date hereof, constitute a Material
      Contract, Equipment Leases or Lease, save with the consent of the
      Purchaser (such consent not to be unreasonably withheld);

	 	 	 
	 	(b) 	
      Continue Insurance: The Vendors will cause DMR to
      continue to maintain in full force and effect all policies of insurance or
      renewals thereof now in effect, will take out, at the expense of the
      Purchaser, such additional insurance as may be reasonably requested by the
      Purchaser and will give all notices and present all claims under all
      policies of insurance in a due and timely fashion; and

	 	 	 
	 	(c) 	
      Preserve Goodwill: The Vendors will use reasonable
      commercial efforts to preserve, and cause DMR to preserve, intact the
      Assets, the Business and to promote and preserve for the Purchaser the
      goodwill of suppliers, customers and others having business relations with
      DMR and the Business.

5.4 Delivery of Documents: The Vendors will deliver to
the Purchaser all necessary transfers, assignments and other documentation
reasonably required to transfer to the Purchaser the DMR Shares with a good and
marketable title, free of Encumbrances and without any right of set-off. 

5.5 Vendors’ Taxes: The Vendors will be responsible for
any federal, provincial or other taxes which may be payable by them in
connection with the completion of the transactions contemplated in this
Agreement. 

	6. 	REPRESENTATIONS, WARRANTIES AND COVENANTS
      OF THE PURCHASER 

The Purchaser represents, warrants and covenants to and with
the Vendors as follows and acknowledges that the Vendors are relying upon such
representations, warranties and covenants in connection with the sale of the DMR
Shares: 

6.1 Corporate Status and Authority: The Purchaser is a
valid and subsisting corporation, duly incorporated and in good standing under
the laws of the Province of British Columbia and is duly qualified to carry on
its businesses as it presently carries on and is duly qualified and authorized

Share Purchase Agreement 

24 

to carry on business and is in good standing as an
extra-provincial or foreign corporation in each jurisdiction in which the
character of its properties or the nature of its businesses makes such
qualification or authorization necessary and has all requisite power and
authority to carry on its business as it is are now carried on and to own, lease
and operate its properties and assets. 

6.2 Authorization: The Purchaser has full corporate
power, capacity and authority to enter into this Agreement on the terms and
conditions hereof and all necessary corporate acts have been performed in order
to authorize this Agreement. 

6.3 Regulatory Approval: The Purchaser has complied and
will comply fully with the requirements of all applicable corporate and
securities laws in relation to the issue of the Warrants. The entering into and
performance of this Agreement and the transactions contemplated herein will not
result in the violation of any of the terms and provisions of the articles or
incorporation or bylaws of the Purchaser, any shareholders’ or directors’
resolution or of any indenture or other agreement, written or oral, to which the
Purchaser may be a party or by which the Purchaser may be bound or to which it
may be subject or any judgment, decree, order, rule or regulation of any court
or administrative body by which the Purchaser is bound or to the knowledge of
the Purchaser, any statute or regulation applicable to the Purchaser. 

6.4 Share Transfer Restrictions: No order ceasing or
suspending trading in securities of the Purchaser nor prohibiting the sale of
such securities has been issued to the Purchaser or its directors, officers or
promoters or to any other companies that have common directors, officers or
promoters and no investigations or proceedings for such purposes are pending or
threatened in writing by an officer or official of a competent authority. 

6.5 Issued Share Capital: As at December 31, 2006, the
authorized capital of Clearly Shares is unlimited, of which 13,917,153 shares
are issued and 13,879,853 shares are outstanding. In addition, as at December
31, 2006, the Purchaser has an obligation to issue 6,560,000 Clearly Shares, and
1,280,000 Variable Multiple Voting shares in respect of a right of conversion
from Class B Preferred shares owned by BG Capital Group Ltd., and has 8,362,731
warrants and stock options outstanding as of December 31, 2006 which may by the
Closing Time, or thereafter, be exercised into Clearly Shares. 

6.6 Operation of Business: The Purchaser will use
reasonable commercial efforts to preserve, or cause to be preserved, the
Purchaser, its operating business, DMR and the Business, to maximize DMR
Revenues and DMR EBITDA, and to promote and preserve, or cause to promote and
observe, the goodwill of suppliers, customers and others having business
relations with the Purchaser and DMR. 

6.7 Financial Covenant: Until such time as all amounts
payable or which may become payable by the Purchaser to the Vendors pursuant to
Section 2 hereof have been paid an satisfied in full by the Purchaser, the
Purchaser will not take any steps or permit any steps to be taken to cause DMR
to declare or pay any dividends or otherwise pay any amounts or make any
distributions to any shareholder or affiliate of DMR. 

6.8 Tax Elections: If requested by the Vendors, the
Purchaser and the Vendors will prepare and file such elections as may be
permitted in accordance with the provisions of section 56.4(9) 

Share Purchase Agreement 

25 

of the Income Tax Act (Canada), in form and substance
satisfactory to the Purchaser and the Vendors, acting reasonably. 

	7. 	SURVIVAL OF REPRESENTATIONS AND
      WARRANTIES 

7.1 Survival of Warranties by the Vendors. The
representations and warranties made by the Vendors and contained in this
Agreement, or contained in any document or certificate given in order to carry
out the transactions contemplated hereby, will survive the closing of the
purchase of the DMR Shares provided for herein and, notwithstanding such closing
or any investigation made by or on behalf of the Purchaser or any other person
or any knowledge of the Purchaser or any other person, will continue in full
force and effect for the benefit of the Purchaser, provided, however, that no
Claim may be made or brought by the Purchaser against the Vendors after the date
which is 3 years following the Closing Date. After the expiration of the period
of time referred to in this section, the Vendors will be released from all
obligations and liabilities in respect of the representations and warranties
made by the Vendors and contained in this Agreement or in any document or
certificate given in order to carry out the transactions contemplated hereby
save and except for Claims based on title to the Purchased Shares or which is
based on intentional misrepresentation or fraud, which may be made at any time.

7.2 Survival of Warranties by Purchaser. The
representations and warranties made by the Purchaser and contained in this
Agreement or contained in any document or certificate given in order to carry
out the transactions contemplated hereby will survive the closing of the
purchase and sale of the DMR Shares provided for herein and, notwithstanding
such closing or any investigation made by or on behalf of the Vendors or any
other person or any knowledge of the Vendors or any other person, will continue
in full force and effect for the benefit of the Vendors. 

	8. 	CONDITIONS OF CLOSING
  

8.1 Conditions of Closing in Favour of the Purchaser:
The obligation of the Purchaser to complete the sale and purchase of the DMR
Shares is subject to the following terms and conditions for the exclusive
benefit of the Purchaser, to be fulfilled or performed at or prior to the
Closing Time or waived in whole or in part by the Purchaser at its sole
discretion without prejudice to any rights the Purchaser may otherwise have:

	 	(a) 	
      Contractual Consents: The Vendors will have
      delivered to the Purchaser such waivers, consents, terminations and
      certificates, including but not limited to those described in Schedule P,
      from parties having contractual relations with DMR as may be necessary
      including, without limitation, waivers and terminations under loan
      agreements and shareholder agreements to which DMR or the Vendors is a
      party;

	 	 	 
	 	(b) 	
      Representations and Warranties: The
      representations and warranties of the Vendors contained in this Agreement
      will be true and correct in all material respects at the Closing Time,
      with the same force and effect as if such representations and warranties
      were made at and as of such time, and a certificate of the Vendors dated
      the Closing Date to that effect will have been delivered
  to

Share Purchase Agreement 

26 

	 		
      the Purchaser, such certificates to be in form and
      substance satisfactory to the Purchaser, acting reasonably;

	 	 	 
	 	(c) 	
      Covenants: All of the covenants and agreements of
      the Vendors and all other terms of this Agreement to be complied with or
      performed by the Vendors at or before the Closing Time will have been
      complied with or performed and certificates of the Vendors dated the
      Closing Date to that effect will have been delivered to the Purchaser,
      such certificates to be in form and substance satisfactory to the
      Purchaser, acting reasonably;

	 	 	 
	 	(d) 	
      Warrant Purchase Agreement: Each of the Vendors
      will have delivered to the Purchaser a warrant purchase agreement in the
      form attached as Schedule Q;

	 	 	 
	 	(e) 	
      Material Adverse Change: There will have been no
      material adverse changes in the condition of the Assets or the Business
      (financial or otherwise) since December 31, 2006 up to the Closing
      Time;

	 	 	 
	 	(f) 	
      No Action or Proceeding: No legal or regulatory
      action or proceeding will be pending or threatened by any person to
      enjoin, restrict or prohibit the purchase and sale of the Assets
      contemplated hereby;

	 	 	 
	 	(g) 	
      No Material Damage: No damage by fire or other
      hazard to the whole or any material part of the Assets will have occurred
      from the date hereof to the Closing Time;

	 	 	 
	 	(h) 	
      No Agreements on Assets or Business: There is no
      fact not disclosed in this Agreement relating to the Assets or the
      Business which, if known to the Purchaser, might reasonably be expected to
      have a material adverse effect on the value of the DMR Shares;

	 	 	 
	 	(i) 	
      Consulting/Non-Compete Agreement: David has
      entered into a consulting and non-competition agreement in the form
      attached as Schedule R;

	 	 	 
	 	(j) 	
      Opinion of Vendors’ Solicitors: The Purchaser will
      have received legal opinions of the Vendors’ solicitors, dated as of the
      date of Closing, respecting the transactions contemplated in this
      Agreement, consistent with standard agreements for the purchase and sale
      of businesses similar to the Business.

If any of the conditions contained in this Subsection 8.1 will
not be performed or fulfilled at or prior to the Closing Time to the
satisfaction of the Purchaser, acting reasonably, the Purchaser may, by written
notice to the Vendors, terminate this Agreement and the obligations of the
Purchaser under this Agreement. Any such condition may be waived in whole or in
part by the Purchaser without prejudice to any claims it may have for breach of
covenant, representation or warranty. 

8.2 Conditions of Closing in Favour of the Vendors: The
purchase and sale of the DMR Shares are subject to the following terms and
conditions for the exclusive benefit of the Vendors to be fulfilled or performed
at or prior to the Closing Time: 

Share Purchase Agreement 

27 

	 	(a) 	
      Representations and Warranties: The
      representations and warranties of the Purchaser contained in this
      Agreement will be true and correct at the Closing Time, with the same
      force and effect as if such representations and warranties were made at
      and as of such time and a certificate of the Purchaser dated the Closing
      Date to that effect will have been delivered to the Vendors, such
      certificate to be in form and substance satisfactory to the Vendors acting
      reasonably;

	 	 	 
	 	(b) 	
      Release of Guarantees: The Vendors will have
      received waivers or releases of all personal guarantees of the Vendors
      under loan agreements to which DMR is a party or, alternatively, an
      indemnity, in a form satisfactory to the Vendors acting reasonably, from
      the Purchaser in connection with such personal guarantees;

	 	 	 
	 	(c) 	
      Share Pledge Agreement: The Purchaser has entered
      into a share pledge agreement in relation to the DMR Shares containing,
      among other things, a general security interest in the Assets, in a form
      satisfactory to the Vendors acting reasonably, securing, in favour of the
      Vendors, the obligations of the Purchaser contained in this
    Agreement;

	 	 	 
	 	(d) 	
      Covenants: All of the terms, covenants and
      conditions of this Agreement to be complied with or performed by the
      Purchaser at or before the Closing Time will have been complied with or
      performed and a certificate of the Purchaser dated the Closing Date to
      that effect will have been delivered to the Vendors, such certificate to
      be in form and substance satisfactory to the Vendors acting
    reasonably.

If any of the conditions contained in this Subsection 8.2 will
not be performed or fulfilled at or prior to the Closing Time to the
satisfaction of the Vendors, acting reasonably, the Vendors may, by written
notice to the Purchaser, terminate this Agreement and the obligations of the
Vendors under this Agreement. Any such condition may be waived in whole or in
part by the Vendors without prejudice to any claims they may have for breach of
covenant, representation or warranty. 

8.3 Parties’ Efforts: The parties will use reasonable
commercial efforts to satisfy the conditions contained in this Section 8. 

	9. 	CROSS-DEFAULT

9.1 Voluntary Termination of Consulting Agreement.
Provided that neither the Purchaser nor DMR is in default of any of their
respective obligations to any of the Vendors, in the event that David
voluntarily terminates the consulting agreement (the “Consulting Agreement”)
dated as of the date hereof between David and the Purchaser, or if David refuses
to perform the Services (as defined in the Consulting Agreement), or if David
breaches Section 10(b) of such Consulting Agreement, the Vendors will be deemed
to have forfeited their right to receive payment from the Purchaser of any and
all amounts then payable or which may thereafter be determined to be payable by
the Purchaser to the Vendors in accordance with the provisions of Section 2 of
this Agreement. For greater certainty, the provisions of this Section 9.1 will
not apply in the event 

Share Purchase Agreement 

28 

that the Consulting Agreement is terminated by the Purchaser
for any reason, or in the event that the Consulting Agreement is terminated for
any of the reasons enumerated in Subsections 10(f) or (g) of the Consulting
Agreement, or in the event that David terminates the Consulting Agreement as a
result of a material diminution by the Purchaser of the scope of Services (as
defined in the Consulting Agreement) to be performed by David or of the stature
of his position as the Manager of DMR as contemplated therein. 

	10. 	CLOSING ARRANGEMENTS
  

10.1 Place of Closing: The closing will take place at
the Closing Time at the Place of Closing. 

10.2 Transfer: At the Closing Time, upon fulfilment of
all the conditions set out in Section 8 that have not been waived in writing by
the Purchaser or the Vendors as the case may be: 

	 	(a) 	
      the Purchaser will cause to be delivered to the Vendors a
      certified or solicitor’s cheque or cheques in the aggregate amount of
      $450,000.00;

	 	 	 
	 	(b) 	
      the Purchaser will issue a certificate or certificates to
      the Vendors, in the form attached as Schedule U, representing the
      Warrants;

	 	 	 
	 	(c) 	
      the Vendors will cause to be delivered to the Purchaser
      certificates representing the DMR Shares duly endorsed for transfer;
      and

	 	 	 
	 	(d) 	
      the Vendors will deliver to the Purchaser resignations
      and mutual releases of the directors and officers of
DMR.

10.3 Further Assurances: Each party to this Agreement
covenants and agrees that, from time to time subsequent to the Closing Date, it
will, at the request and expense of the requesting party, execute and deliver
all such documents, including, without limitation, all such additional
conveyances, transfers, consents and other assurances and do all such other acts
and things as any other party to this Agreement, acting reasonably, may from
time to time request be executed or done in order to better evidence or perfect
or effectuate the sale of the DMR Shares and the Business to the Purchaser, any
provision of this Agreement, any agreement or other document executed pursuant
to this Agreement or any of the respective obligations intended to be created by
this Agreement. 

	11. 	INDEMNITY AND SET-OFF
  

11.1 Indemnification by Vendors: The Vendors hereby
severally indemnify and save harmless the Purchaser from and against any and all
losses, liabilities, damages, costs, tax assessments, charges, claims, increases
in insurance premiums not in the ordinary course of business, and expenses of
any kind whatsoever including, without limitation, the costs of defending,
cross-claiming or claiming against third parties in respect of any action, claim
or matter, including solicitor’s fees, costs and disbursements at all court and
administrative levels, on a solicitor and his own client basis, which at any
time or from time to time may be paid, incurred or asserted against the
Purchaser, as a result of any breach of representation, warranty or covenant
herein contained or in any document or agreement contemplated hereby. The 

Share Purchase Agreement 

29 

obligations of the Vendors set forth in this Subsection 11.1
will be subject to and limited by the following: 

	 	(a) 	
      No Claim will be made unless the cumulative amount of all
      Claims under this Subsection 11.1 equals or exceeds $25,000.00;

	 	 	 
	 	(b) 	
      No Claim will be made following the expiry of the time
      period set forth in section 7.1 hereof;

	 	 	 
	 	(c) 	
      The cumulative amount of all Claims which can be made
      against any Vendor under this Subsection 11.1 will be equal to the amount
      of the Purchase Price actually paid by the Purchaser to such Vendor,
      including the Contingent Purchase Price if, as and when paid and further
      provided that the liability of each Vendor in respect of any particular
      Claim shall be proportionate to his or her percentage ownership of the
      Purchased Shares immediately prior to completion of the transaction of
      purchase and sale herein contemplated, as follows: David (58.33%), Lisa
      (21.67%) and Mark (20%); and

	 	 	 
	 	(d) 	
      The Purchaser will give written notice to the Vendors
      stating specifically the basis for the Claim, the amount thereof, and will
      tender defence thereof to the Vendors as provided in Subsection 11.3
      below.

11.2 Indemnification by Purchaser. The Purchaser hereby
indemnifies and saves harmless the Vendors against any and all losses,
liabilities, damages, costs, and expenses of any kind whatsoever, including,
without limitation, the cost of defending, cross-claiming, or claiming against
third parties in respect of any action, claim, or matter, including legal fees,
costs, and disbursements at all court and administrative levels, on a solicitor
and his own client basis, which at the time or from time to time may be paid,
incurred, or asserted against the Vendors as a result of any breach of
representation, warranty or covenant herein contained or in any document or
agreement contemplated hereby. The obligations of the Purchaser set forth in
this Subsection 11.2 will be subject to and limited by the following: 

	 	(a) 	
      No Claim will be made unless the cumulative amount of all
      Claims under this Subsection 11.2 equals or exceeds $25,000.00;
  and

	 	 	 
	 	(b) 	
      The Vendors will give written notice to the Purchaser
      stating specifically the basis for the Claim, the amount thereof, and will
      tender defence thereof to the Purchaser as provided in Subsection 11.3
      below.

11.3 Tender of Defenses. Promptly upon receipt by any
party of a notice of a Claim by a third-party which may give rise to a Claim
under this Subsection 11.3, the party seeking indemnification (the “Indemnified
Party”) will give written notice thereof to the party obligated to provide
indemnification (the “Indemnifying Party”). If the Indemnifying Party gives to
the “Indemnified Party” an agreement in writing, in a form reasonably
satisfactory to the Indemnified Party’s counsel, to defend such Claim, the
Indemnifying Party may, at its sole expense, undertake the defense against such
claim and may contest or settle such claim on such terms, at such time and in
such manner as the Indemnifying Party, in its sole discretion, will elect and
the Indemnified Party will execute such documents and take such steps as may be
reasonably 

Share Purchase Agreement 

30 

necessary in the opinion of its counsel to enable it to conduct
the defense of such Claim. If the Indemnifying Party fails or refuses to defend
any claim hereunder, the Indemnifying Party may nevertheless, at its own
expense, participate in the defense of such Claim by the Indemnified Party in
any and all settlement negotiations relating thereto. In any and all events, the
Indemnifying Party will have such access to the records and files of the
Business relating to any Claim as may be reasonably necessary to effectively
defend or participate in the defense thereof. 

11.4 Right to Set-Off: The Purchaser shall have the
right to set-off any liquidated amount which has been, or which may be,
determined by a court of competent jurisdiction to be due and payable by the
Vendors to the Purchaser against any money due and payable to the Vendors from
the Purchaser under this or any other agreement between the Purchaser and the
Vendors. For greater certainty, the Purchaser’s right set forth in this
Subsection 11.4 may be exercised prior a court of competent jurisdiction making
a determination as to such liquidated amount which may be due and payable by the
Vendors. Unless otherwise agreed, the Purchaser shall deposit any amounts
set-off hereunder in escrow pending a determination by a court of competent
jurisdiction that the withheld amount was properly set-off by the Purchaser. In
the event that a court of competent jurisdiction determines that the Purchaser
improperly set-off any amount payable to the Vendors hereunder, then that amount
shall be paid forthwith to the Vendors together with interest at the rate of 21%
per annum from the date on which said amount should properly have been paid to
the Vendors up to and including the date on which the payment is made as
aforesaid. 

	12. 	GENERAL MATTERS

12.1 Governing Law: This Agreement will be governed by
and construed in accordance with the laws of the Province of British Columbia.
Any dispute arising out of or in connection with this Agreement, will be
referred to and finally resolved by, if required, the courts in British
Columbia. 

12.2 Entire Agreement: Except as may be otherwise
expressly agreed between the parties in writing, this Agreement, including any
agreements contemplated herein, constitutes the entire agreement between the
parties pertaining to the subject matter and there are no oral statements,
warranties, representations or other agreements between the parties in
connection with the subject matter except as specifically set forth or referred
to herein. No amendment, waiver or termination of this Agreement will be binding
unless executed in writing by the party or parties to be bound thereby. No
waiver of any provision of this Agreement will be deemed or will constitute a
waiver of any other provision nor will any such waiver constitute a continuing
waiver unless otherwise expressly provided. 

12.3 Assignment: The Vendors will not assign their
interests in this Agreement without prior written consent of the Purchaser.
Prior to payment of the Purchase Price in full, the Purchaser may not assign its
interests in this Agreement without any prior written consent of the Vendors.

12.4 Public Notices: Except as required by applicable
law, regulatory authority or any listing or trading agreement, no press release
or other announcement concerning this transaction will be made by the Vendors or
the Purchaser without the prior approval of the other, such approval not to be
unreasonably withheld. 

Share Purchase Agreement 

31 

12.5 Confidential Information: The Purchaser and the
Vendors covenant to hold in strict confidence all information obtained in
connection with the transactions which are the subject matter of this Agreement.
If the transactions which are the subject matter of this Agreement are not
completed, this covenant will continue in full force and effect. All
confidentiality obligations of the Purchaser with respect to the Vendors will
cease upon Closing. Notwithstanding the Closing, the Vendors covenants to
maintain as confidential all confidential information respecting the Purchaser
in the Vendors’ possession prior to Closing and all information obtained in
connection with the transactions which are the subject matter of this Agreement
including all information concerning the Purchaser other than information
provided to the Vendors’ personal advisers for the purpose of filing personal
tax returns and other similar matters and other than as may be required to be
disclosed by law and other than information that becomes generally available to
the public other than as a result of a disclosure by the Vendors and/or its
representatives. 

12.6 Non-Waiver: No investigations made by or on behalf
of the Purchaser at any time will have the effect of waiving, diminishing the
scope of or otherwise affecting any representations or warranties made herein or
pursuant hereto. No investigations made by or on behalf of the Vendors at any
time will have the effect of waiving, diminishing the scope of or otherwise
affecting any representations or warranties made herein or pursuant hereto. 

12.7 Indemnification in Respect of Brokers or Agents:
The Vendors indemnifies and saves harmless the Purchaser from and against any
claim for commission or other remuneration payable or alleged to be payable to
any broker, agent or other intermediary who claims to be so entitled by virtue
of a contract or other arrangement with the Vendors in connection with the
transaction contemplated herein. The Purchaser indemnifies and saves harmless
the Vendors from and against any claim for commission or other remuneration
payable or alleged to be payable to any broker, agent or other intermediary who
claims to be so entitled by virtue of a contract or other arrangement with the
Purchaser in connection with the transaction contemplated herein. 

12.8 Expenses: All costs and expenses incurred in
connection with this Agreement and the transactions contemplated hereby will be
paid by the party incurring such expense. The Purchaser will not bear any legal,
accounting or other costs incurred by the Vendors. The Vendors will not bear any
legal, accounting or other costs incurred by the Purchaser. 

12.9 Notices: Any notice or other communication required
or permitted to be given hereunder will be in writing and delivered or sent by
overnight mail, overnight delivery or telefax and, if telefaxed, will be deemed
to have been received on the next Business Day following transmittal and
acknowledgment of receipt by the recipient’s telefax machine or if delivered by
hand will be deemed to have been received at the time it is delivered. Notices
addressed to an individual will be validly given if left on the premises
indicated below. Notice of change of address will also be governed by this
Subsection. Notices will be delivered or addressed as follows: 

Share Purchase Agreement 

32 

	 	(a) 	If to the Purchaser: 
	 	  	 
	 	  	           
             Clearly Canadian Beverage Corporation 
	 	  	           
             West 10th Avenue 
	 	  	           
             Vancouver, B.C. V6K 2J1 
	 	  	 
	 	(b) 	If to the Vendors: 
	 	  	 
	 	  	           
             c/o David Reingold 
	 	  	           
             67 Gatcombe Circle 
	 	  	           
             Richmond Hill, Ontario L4C 9P5 
	 	  	 
	 	  	           
             with a copy to: 
	 	  	 
	 	  	           
             Mark Goodman 
	 	  	           
             84 Markwood Lane 
	 	  	           
             Thornhill, Ontario L4J 7A6 
	 	  	 
	 	  	           
             and with a copy (which copy will not constitute
      notice) to: 
	 	  	 
	 	  	           
             Aird & Berlis LLP 
	 	  	           
             BCE Place, Suite 1800 
	 	  	           
             181 Bay Street 
	 	  	           
             Toronto, Ontario M5J 2T9 
	 	  	                  
      Attention: Dennis Miller 

Any party may give written notice of change of address in the
same manner, in which event such notice will thereafter be given to it as above
provided at such changed address. Notices from the Vendors to the Purchaser
shall be given to the Purchaser by David on behalf of all of the Vendors. 

12.10 Time of the Essence: Time will be of the essence
of this Agreement. 

12.11 Further Assurances: Each of the parties hereto
agrees promptly to do, make, execute, deliver or cause to be done, made,
executed or delivered at their own expense all such further acts, documents and
things as the other party hereto may reasonably require for the purpose of
giving effect to this Agreement whether before or after the Closing. 

12.12 Severability: If any covenant, obligation or
agreement of this Agreement, or the application thereof to any person or
circumstance will, to any extent, be invalid or unenforceable, the remainder of
this Agreement or the application of such covenant, obligation or agreement to
persons or circumstances other than those as to which it is held invalid or
unenforceable, will not be affected thereby and each covenant, obligation and
agreement of this Agreement will be separately valid and enforceable to the
fullest extent permitted by the law. 

12.13 Counterparts: This Agreement may be executed in
any number of counterparts, each of which when delivered will be deemed to be an
original and all of which together will constitute 

Share Purchase Agreement 

33 

one and the same document. A signed facsimile or telecopied
copy of this Agreement will be effectual and valid proof of execution and
delivery. 

IN WITNESS WHEREOF the parties hereto have executed this
Agreement as of the date first hereinabove written. 

	 	CLEARLY CANADIAN BEVERAGE
  
	 	CORPORATION 
	 	Per: 	 
	 	  
	 	Per: 	 
	 	We have the authority to bind the
      Corporation. 

	SIGNED, SEALED AND DELIVERED 	) 	  
	           
             in the presence of 	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	  	) 	 
    
	  	) 	DAVID REINGOLD 
	  	) 	  
	  	) 	  
	  	) 	 
    
	  	) 	LISA REINGOLD 
	  	) 	  
	  	) 	  
	  	) 	 
    
	  	) 	MARK GOODMAN 

Share Purchase AgreementFiled by Automated Filing Services Inc. (604) 609-0244 - Sonic Technology Solutions Inc. - Exhibit 4.01

SONIC ENVIRONMENTAL SOLUTIONS INC.
(the
“Company”)

2007 SHARE OPTION PLAN

Dated for Reference June 20, 2007

ARTICLE 1
PURPOSE AND INTERPRETATION

Purpose

1.1            
The purpose of this Plan will be to advance the interests of the Company by
encouraging equity participation in the Company through the acquisition of
Common Shares of the Company. It is the intention of the Company that this Plan
will at all times be in compliance with the rules and policies of the TSX
Venture Exchange (or “TSX Venture”) (the “TSX Venture Policies”) and any
inconsistencies between this Plan and the TSX Venture Policies whether due to
inadvertence or changes in TSX Venture Policies will be resolved in favour of
the latter.

Definitions

1.2            
In this Plan

Affiliate means a company that
is a parent or subsidiary of the Company, or that is controlled by the same
entity as the Company;

Associate has the meaning
assigned by the Securities Act;

Board means the board of
directors of the Company or any committee thereof duly empowered or authorized
to grant options under this Plan;

Change of Control includes
situations where after giving effect to the contemplated transaction and as a
result of such transaction: 

(i)            
any one Person holds a sufficient number of voting shares of the Company or
resulting company to affect materially the control of the Company or resulting
company, or,

(ii)            
any combination of Persons, acting in concert by virtue of an agreement,
arrangement, commitment or understanding, hold in total a sufficient number of
voting shares of the Company or its successor to affect materially the control
of the Company or its successor, 

where such Person or combination of
Persons did not previously hold a sufficient number of voting shares to affect
materially control of the Company or its successor. In the 

- 2 -

absence of evidence to the contrary,
any Person or combination of Persons acting in concert by virtue of an
agreement, arrangement, commitment or understanding, holding more than 20% of
the voting shares of the Company or its successor is deemed to materially affect
the control of the Company or its successor;

Common Shares means common
shares without par value in the capital of the Company providing such class is
listed on the TSX Venture;

Company means the Corporation
named at the top hereof and includes, unless the context otherwise requires, all
of its subsidiaries or affiliates and successors according to law;

Consultant means a Person or
Consultant Company, other than an Employee, Officer or Director that: 

(i)             
provides on an ongoing bona fide basis, consulting, technical, managerial or
like services to the Company or an Affiliate of the Company, other than services
provided in relation to a Distribution;

(ii)             
provides the services under a written contract between the Company or an
Affiliate and the Person or the Consultant Company;

(iii)             
in the reasonable opinion of the Company, spends or will spend a significant
amount of time and attention on the business and affairs of the Company or an
Affiliate of the Company; and

(iv)             
has a relationship with the Company or an Affiliate that enables the Person or
Consultant Company to be knowledgeable about the business and affairs of the
Company;

Consultant Company means for a
Person consultant, a company or partnership of which the Person is an employee,
shareholder or partner;

Directors means the directors of
the Company as may be elected from time to time;

Discounted Market Price has the
meaning assigned by Policy 1.1 of the TSX Venture Policies;

Disinterested Shareholder
Approval means approval by a majority of the votes cast by all the Company’s
shareholders at a duly constituted shareholders’ meeting, excluding votes
attached to shares beneficially owned by Service Providers or their
Associates;

Distribution has the meaning
assigned by the Securities Act, and generally refers to a distribution of
securities by the Company from treasury;

Effective Date for an Option
means the date of grant thereof by the Board;

- 3 -

Employee means:

(a)             
a Person who is considered an employee under the Income Tax Act (i.e. for whom
income tax, employment insurance and CPP deductions must be made at source);

(b)             
a Person who works full-time for the Company or its subsidiary providing
services normally provided by an employee and who is subject to the same control
and direction by the Company over the details and methods of work as an employee
of the Company, but for whom income tax deductions are not made at source;
or

(c)             
a Person who works for the Company or its subsidiary on a continuing and regular
basis for a minimum amount of time per week providing services normally provided
by an employee and who is subject to the same control and direction by the
Company over the details and methods of work as an employee of the Company, but
for whom income tax deductions need not be made at source;

Exercise Price means the amount
payable per Common Share on the exercise of an Option, as determined in
accordance with the terms hereof; 

Expiry Date means the day on
which an Option lapses as specified in the Option Commitment therefor or in
accordance with the terms of this Plan;

Insider means

(i)             
an insider as defined in the TSX Venture Policies or as defined in securities
legislation applicable to the Company;

(ii)             
an Associate of any person who is an Insider by virtue of §(i) above;

Investor Relations Activities
has the meaning assigned by Policy 1.1 of the TSX Venture Policies, and means
generally any activities or communications that can reasonably be seen to be
intended to or be primarily intended to promote the merits or awareness of or
the purchase or sale of securities of the Company;

Listed Shares means the number
of issued and outstanding shares of the Company that have been accepted for
listing on the TSX Venture, but excluding dilutive securities not yet converted
into Listed Shares;

Management Company Employee
means a Person employed by another Person or a corporation providing management
services to the Company which are required for the ongoing successful operation
of the business enterprise of the Company, but excluding a corporation or Person
engaged primarily in Investor Relations Activities;

NEX means a separate board of
TSX Venture for companies previously listed on TSX Venture or the Toronto Stock
Exchange which have failed to maintain compliance with the ongoing financial
listing standards of those markets;

- 4 -

Officer means a duly appointed
senior officer of the Company;

Option means the right to
purchase Common Shares granted hereunder to a Service Provider;

Option Commitment means the
notice of grant of an Option delivered by the Company hereunder to a Service
Provider and substantially in the form of Schedule A hereto;

Optioned Shares means Common
Shares that may be issued in the future to a Service Provider upon the exercise
of an Option;

Optionee means the recipient of
an Option hereunder;

Outstanding Shares means at the
relevant time, the number of outstanding Common Shares of the Company from time
to time;

Participant means a Service
Provider that becomes an Optionee;

Person means a company or an
individual;

Plan means this Share Option
Plan, the terms of which are set out herein or as may be amended;

Plan Shares means the total
number of Common Shares which may be reserved for issuance as Optioned Shares
under the Plan as provided in §2.2;

Regulatory Approval means the
approval of the TSX Venture and any other securities regulatory authority that
may have lawful jurisdiction over the Plan and any Options issued hereunder;

Securities Act means the
Securities Act, R.S.B.C. 1996, c. 418, as amended from time to time;

Service Provider means a Person
who is a bona fide Director, Officer, Employee, Management Company Employee or
Consultant, and also includes a company, of which 100% of the share capital is
beneficially owned by one or more Person Service Providers;

Share Compensation Arrangement
means any Option under this Plan but also includes any other stock option, stock
option plan, employee stock purchase plan or any other compensation or incentive
mechanism involving the issuance or potential issuance of Common Shares to a
Service Provider;

Shareholders Approval means
approval by a majority of the votes cast by eligible shareholders at a duly
constituted shareholders’ meeting;

TSX Venture means the TSX
Venture Exchange and any successor thereto; and

TSX Venture Policies means the
rules and policies of the TSX Venture as amended from time to time.

- 5 -

Other Words and Phrases

1.3             
Words and Phrases used in this Plan but which are not defined in the Plan, but
are defined in the TSX Venture Policies, will have the meaning assigned to them
in the TSX Venture Policies.

Gender

1.4             
Words importing the masculine gender include the feminine or neuter, words in
the singular include the plural, words importing a corporate entity include
individuals, and vice versa.

ARTICLE 2
SHARE OPTION PLAN

Establishment of Share Option Plan

2.1             
There is hereby established a Share Option Plan to recognize contributions made
by Service Providers and to create an incentive for their continuing assistance
to the Company and its Affiliates.

Maximum Plan Shares

2.2             
The maximum aggregate number of Plan Shares that may be reserved for issuance
under the Plan is 8,264,813 Common Shares, unless this Plan is amended
pursuant to the requirements of the TSX Venture Policies.

Eligibility

2.3             
Options to purchase Common Shares may be granted hereunder to Service Providers
from time to time by the Board. Service Providers that are corporate entities
will be required to undertake in writing not to effect or permit any transfer of
ownership or option of any of its shares, nor issue more of its shares (so as to
indirectly transfer the benefits of an Option), as long as such Option remains
outstanding, unless the written permission of the TSX Venture and the Company is
obtained.

Options Granted Under the Plan

2.4             
All Options granted under the Plan will be evidenced by an Option Commitment in
the form attached as Schedule A, showing the number of Optioned Shares, the term
of the Option, a reference to vesting terms, if any, and the Exercise Price.

2.5             
Subject to specific variations approved by the Board, all terms and conditions
set out herein will be deemed to be incorporated into and form part of an Option
Commitment made hereunder.

- 6 -

Limitations on Issue

2.6             
Subject to §2.9, the following restrictions on issuances of Options are
applicable under the Plan:

(a)             
no Service Provider can be granted an Option if that Option would result in the
total number of Options, together with all other Share Compensation Arrangements
granted to such Service Provider in the previous 12 months, exceeding 5% of the
Listed Shares (unless the Company is classified as a Tier 1 Company by the TSX
Venture and has obtained Disinterested Shareholder Approval under §2.9(a)(iii)
to do so);

(b)             
no Options can be granted under the Plan if the Company is designated “Inactive”
(as defined in TSX Venture Policies) by the TSX Venture;

(c)             
the aggregate number of Options granted to Service Providers conducting Investor
Relations Activities in any 12-month period must not exceed 2% of the Listed
Shares, calculated at the time of grant, without the prior consent of TSX
Venture; and

(d)             
the aggregate number of options granted to any one Consultant in any 12-month
period must not exceed 2% of the Listed Shares, calculated at the time of grant,
without the prior consent of TSX Venture.

Options Not Exercised

2.7             
In the event an Option granted under the Plan expires unexercised or is
terminated by reason of dismissal of the Optionee for cause or is otherwise
lawfully cancelled prior to exercise of the Option, the Optioned Shares that
were issuable thereunder will be returned to the Plan and will be eligible for
re-issue.

Powers of the Board

2.8             
The Board will be responsible for the general administration of the Plan and the
proper execution of its provisions, the interpretation of the Plan and the
determination of all questions arising hereunder. Without limiting the
generality of the foregoing, the Board has the power to

(a)             
allot Common Shares for issuance in connection with the exercise of Options;

(b)             
grant Options hereunder;

(c)             
subject to Regulatory Approval, amend, suspend, terminate or discontinue the
Plan, or revoke or alter any action taken in connection therewith, except that
no general amendment or suspension of the Plan will, without the written consent
of all Optionees, alter or impair any Option previously granted under the Plan
unless as a result of a change in TSX Venture Policies or the Company’s tier
classification thereunder;

(d)             
delegate all or such portion of its powers hereunder as it may determine to one
or more committees of the Board, either indefinitely or for such period of time
as it may specify, and thereafter each such committee may exercise the powers
and discharge the

- 7 -

duties of the Board in respect of the
Plan so delegated to the same extent as the Board is hereby authorized so to do;
and

(e)             
may in its sole discretion amend this Plan (except for previously granted and
outstanding Options) to reduce the benefits that may be granted to Service
Providers (before a particular Option is granted) subject to the other terms
hereof.

Terms or Amendments Requiring Disinterested Shareholder
Approval

2.9             
The Company will be required to obtain Disinterested Shareholder Approval prior
to any of the following actions becoming effective:

(a)             
the Plan, together with all of the Company’s previously established and
outstanding stock option plans or grants, could result at any time in:

(i)             
the aggregate number of shares reserved for issuance under stock options granted
to Insiders exceeding 10% of the Listed Shares; 

(ii)             
the number of Optioned Shares issued to Insiders within a one-year period
exceeding 10% of the Listed Shares; or, 

(iii)             
in the case of a Tier l Company only, the issuance to any one Optionee, within a
12-month period, of a number of shares exceeding 5% of Listed Shares; or

(b)             
any reduction in the Exercise Price of an Option previously granted to an
Insider.

ARTICLE 3
TERMS AND CONDITIONS OF
OPTIONS

Exercise Price

3.1             
The Exercise Price of an Option will be set by the Board at the time such Option
is allocated under the Plan, and cannot be less than the Discounted Market
Price.

Term of Option

3.2             
An Option can be exercisable for a maximum of 10 years from the Effective Date
for a Tier 1 Company, or five years from the Effective Date for a Tier 2 or NEX
Company.

Option Amendment

3.3             
Subject to §2.9(b), the Exercise Price of an Option may be amended only if at
least six (6) months have elapsed since the later of the date of commencement of
the term of the Option, the date the Company’s shares commenced trading on the
TSX Venture, or the date of the last amendment of the Exercise Price.

3.4             
An Option must be outstanding for at least one year before the Company may
extend its term, subject to the limits contained in §3.2.

- 8 -

3.5             
Any proposed amendment to the terms of an Option must be approved by the TSX
Venture prior to the exercise of such Option.

Vesting of Options

3.6             
Subject to §3.7, vesting of Options is otherwise at the discretion of the Board,
and will generally be subject to:

(a)             
the Service Provider remaining employed by or continuing to provide services to
the Company or any of its subsidiaries and Affiliates as well as, at the
discretion of the Board, achieving certain milestones which may be defined by
the Board from time to time or receiving a satisfactory performance review by
the Company or its subsidiary or affiliate during the vesting period; or

(b)             
remaining as a Director of the Company or any of its subsidiaries or Affiliates
during the vesting period.

3.7             
If the Company is a Tier 2 Company and the Plan Shares exceed 10% of the Listed
Shares, any Options granted under the Plan will vest in accordance with the
vesting schedule attached as Schedule B and may be exercised only after
vesting.

Vesting of Options Granted for Investor Relations
Activities

3.8             
Subject to §3.7, Options granted to Consultants conducting Investor Relations
Activities will vest:

(a)             
over a period of not less than 12 months as to 25% on the date that is three
months from the date of grant, and a further 25% on each successive date that is
three months from the date of the previous vesting; or

(b)             
such longer vesting period as the Board may determine.

Variation of Vesting Periods

3.9             
At the time an Option is granted which carries vesting provisions, the Board may
vary such vesting provisions provided in §3.7 and §3.8, subject to Regulatory
Approval.

Optionee Ceasing to be Director, Employee or Service
Provider

3.10           
No Option may be exercised after the Service Provider has left the employ/office
or has been advised his services are no longer required or his service contract
has expired, except as follows:

(a)             
in the case of the death of an Optionee, any vested Option held by him at the
date of death will become exercisable by the Optionee’s lawful personal
representatives, heirs or executors until the earlier of one year after the date
of death of such Optionee and the date of expiration of the term otherwise
applicable to such Option;

- 9 -

(b)             
in the case of a Tier 1 Company, Options granted to any Service Provider must
expire within 90 days after the date the Optionee ceases to be employed with or
provide services to the Company, but only to the extent that such Optionee was
vested in the Option at the date the Optionee ceased to be so employed or to
provide services to the Company; 

(c)             
in the case of a Tier 2 or NEX Company, Options granted to a Service Provider
conducting Investor Relations Activities must expire within 30 days of the date
the Optionee ceases to conduct such activities, but only to the extent that such
Optionee was vested in the Option at the date the Optionee ceased to conduct
such activities, 

(d)             
in the case of a Tier 2 or NEX Company, Options granted to an Optionee other
than one conducting Investor Relations Activities must expire within 90 days
after the Optionee ceases to be employed with or provide services to the
Company, but only to the extent that such Optionee was vested in the Option at
the date the Optionee ceased to be so employed or to provide services to the
Company; and

(e)              
in the case of an Optionee being dismissed from employment or service for cause,
such Optionee’s Options, whether or not vested at the date of dismissal will
immediately terminate without right to exercise same.

Non Assignable

3.11            
Subject to §3.10(a), all Options will be exercisable only by the Optionee to
whom they are granted and will not be assignable or transferable.

Adjustment of the Number of Optioned Shares

3.12             The
number of Common Shares subject to an Option will be subject to adjustment in
the events and in the manner following:

(a)              
in the event of a subdivision of Common Shares as constituted on the date
hereof, at any time while an Option is in effect, into a greater number of
Common Shares, the Company will thereafter deliver at the time of purchase of
Optioned Shares hereunder, in addition to the number of Optioned Shares in
respect of which the right to purchase is then being exercised, such additional
number of Common Shares as result from the subdivision without an Optionee
making any additional payment or giving any other consideration therefor;

(b)              
in the event of a consolidation of the Common Shares as constituted on the date
hereof, at any time while an Option is in effect, into a lesser number of Common
Shares, the Company will thereafter deliver and an Optionee will accept, at the
time of purchase of Optioned Shares hereunder, in lieu of the number of Optioned
Shares in respect of which the right to purchase is then being exercised, the
lesser number of Common Shares as result from the consolidation;

(c)              
in the event of any change of the Common Shares as constituted on the date
hereof, at any time while an Option is in effect, the Company will thereafter
deliver at the time of purchase of Optioned Shares hereunder the number of
shares of the appropriate

- 10 -

class resulting from the said change as
an Optionee would have been entitled to receive in respect of the number of
Common Shares so purchased had the right to purchase been exercised before such
change;

(d)              
in the event of a capital reorganization, reclassification or change of
outstanding equity shares (other than a change in the par value thereof) of the
Company, a consolidation, merger or amalgamation of the Company with or into any
other company or a sale of the property of the Company as or substantially as an
entirety at any time while an Option is in effect, an Optionee will thereafter
have the right to purchase and receive, in lieu of the Optioned Shares
immediately theretofore purchasable and receivable upon the exercise of the
Option, the kind and amount of shares and other securities and property
receivable upon such capital reorganization, reclassification, change,
consolidation, merger, amalgamation or sale which the holder of a number of
Common Shares equal to the number of Optioned Shares immediately theretofore
purchasable and receivable upon the exercise of the Option would have received
as a result thereof. The subdivision or consolidation of Common Shares at any
time outstanding (whether with or without par value) will not be deemed to be a
capital reorganization or a reclassification of the capital of the Company for
the purposes of this §3.12(d);

(e)              
an adjustment will take effect at the time of the event giving rise to the
adjustment, and the adjustments provided for in this Section are cumulative;

(f)              
the Company will not be required to issue fractional shares in satisfaction of
its obligations hereunder. Any fractional interest in a Common Share that would,
except for the provisions of this §3.12(f), be deliverable upon the exercise of
an Option will be cancelled and not be deliverable by the Company; and

(g)              
if any questions arise at any time with respect to the Exercise Price or number
of Optioned Shares deliverable upon exercise of an Option in any of the events
set out in this §3.12, such questions will be conclusively determined by the
Company’s auditors, or, if they decline to so act, any other firm of Chartered
Accountants, in Vancouver, British Columbia (or in the city of the Company’s
principal executive office) that the Company may designate and who will have
access to all appropriate records and such determination will be binding upon
the Company and all Optionees.

ARTICLE 4
COMMITMENT AND EXERCISE
PROCEDURES

Option Commitment

4.1              
Upon grant of an Option hereunder, an authorized officer of the Company will
deliver to the Optionee an Option Commitment detailing the terms of such Options
and upon such delivery the Optionee will be subject to the Plan and have the
right to purchase the Optioned Shares at the Exercise Price set out therein
subject to the terms and conditions hereof.

- 11 -

Manner of Exercise

4.2              
An Optionee who wishes to exercise his Option may do so by delivering

(a)              
a written notice to the Company specifying the number of Optioned Shares being
acquired pursuant to the Option; and

(b)              
cash or a certified cheque payable to the Company for the aggregate Exercise
Price for the Optioned Shares being acquired.

Delivery of Certificate and Hold Periods

4.3              
As soon as practicable after receipt of the notice of exercise described in §4.2
and payment in full for the Optioned Shares being acquired, the Company will
direct its transfer agent to issue a certificate to the Optionee for the
appropriate number of Optioned Shares. Such certificate issued will bear a
legend stipulating any resale restrictions required under applicable securities
laws. Further, if the Company is a Tier 2 or NEX Company, or the Exercise Price
is set below the then current market price of the Common Shares on the TSX
Venture, the certificate will also bear a legend stipulating that the Optioned
Shares are subject to a four-month TSX Venture hold period commencing the date
of the Option Commitment.

ARTICLE 5
GENERAL

Employment and Services

5.1              
Nothing contained in the Plan will confer upon or imply in favour of any
Optionee any right with respect to office, employment or provision of services
with the Company, or interfere in any way with the right of the Company to
lawfully terminate the Optionee’s office, employment or service at any time
pursuant to the arrangements pertaining to same. Participation in the Plan by an
Optionee will be voluntary.

No Representation or Warranty

5.2              
The Company makes no representation or warranty as to the future market value of
Common Shares issued in accordance with the provisions of the Plan or to the
effect of the Income Tax Act (Canada) or any other taxing statute
governing the Options or the Common shares issuable thereunder or the tax
consequences to a Service Provider. Compliance with applicable securities laws
as to the disclosure and resale obligations of each Participant is the
responsibility of such Participant and not the Company.

Interpretation

5.3              
The Plan will be governed and construed in accordance with the laws of the
Province of British Columbia.

- 12 -

Amendment of the Plan

5.4              
The Board reserves the right, in its absolute discretion, to at any time amend,
modify or terminate the Plan with respect to all Common Shares in respect of
Options which have not yet been granted hereunder. Any amendment to any
provision of the Plan will be subject to any necessary Regulatory Approvals
unless the effect of such amendment is intended to reduce (but not to increase)
the benefits of this Plan to Service Providers.

SCHEDULE A
SHARE OPTION PLAN
OPTION
COMMITMENT

Notice is hereby given that, effective this ________day of
________________, __________(the “Effective Date”) SONIC ENVIRONMENTAL
SOLUTIONS INC. (the “Company”) has granted to
_________________________________(the “Service Provider”) , an Option to acquire
______________Common Shares (“Optioned Shares”) up to 5:00 p.m. Vancouver Time
on the ______day of ______________, ________(the “Expiry Date”) at a Exercise
Price of Cdn$_________per share.

At the date of grant of the Option, the Company is classified
as a Tier ____ company under TSX Venture Policies.

Optioned Shares will vest and may be exercised as follows:

____________ In accordance with the vesting provisions
set out in Schedule B of the Plan

or

____________ As follows:

The grant of the Option evidenced hereby is made subject to the
terms and conditions of the Company’s Share Option Plan, the terms and
conditions of which are hereby incorporated herein.

To exercise your Option, deliver a written notice specifying
the number of Optioned Shares you wish to acquire, together with cash or a
certified cheque payable to the Company for the aggregate Exercise Price, to the
Company. A certificate for the Optioned Shares so acquired will be issued by the
transfer agent as soon as practicable thereafter and will bear a minimum four
month non-transferability legend from the date of this Option Commitment. [A
Tier 1 Company may grant stock options without a hold period, provided the
exercise price of the options is set at or above the market price of the
Company’s shares rather than below.]

The Company and the Service Provider represent that the Service
Provider under the terms and conditions of the Plan is a bona fide [EMPLOYEE/
CONSULTANT/MANAGEMENT COMPANY EMPLOYEE] 
__________________________________of
the Company, entitled to receive Options under TSX Venture Exchange
Policies.

The Service Provider also acknowledges and consents to the
collection and use of Personal Information (as defined in the Policies of the
TSX Venture Exchange) by both the Company and the TSX Venture (or the NEX, as
the case may be) as more particularly set out in the Acknowledgement - Personal
Information in use by the TSX Venture (or the NEX, as the case may be) on the
date of this Share Option Plan.

SONIC ENVIRONMENTAL SOLUTIONS INC.

__________________________________
Authorized
Signatory

__________________________________
(¤ SIGNATURE OF
OPTIONEE)

SCHEDULE B

SHARE OPTION PLAN

VESTING SCHEDULE

	1. 	
      Options granted pursuant to the Plan to Directors,
      Officers and all Employees and Consultants employed or retained by the
      Company for a period of more than six months at the time the Option is
      granted will vest as follows:

	 	 	 
		(a) 	
      1/3 of the total number of Options granted will vest six
      months after the date of grant;

	 	 	 
		(b) 	
      a further 1/3 of the total number of Options granted will
      vest one year after the date of grant; and

	 	 	 
		(c) 	
      the remaining 1/3 of the total number of Options granted
      will vest eighteen months after the date of grant.

	 	 	 
	2. 	
      Options granted pursuant to the Plan to an Employee or a
      Consultant who has been employed or retained by the Company for a period
      of less than six months at the time the Option is granted will vest as
      follows:

	 	 	 
		(a) 	
      1/3 of the total number of Options granted will vest one
      year after the date of grant;

	 	 	 
		(b) 	
      a further 1/3 of the total number of Options granted will
      vest eighteen months after the date of grant; and

	 	 	 
		(c) 	
      the remaining 1/3 of the total number of Options granted
      will vest two years after the date of grant.

	 	 	 
	3. 	
      Options granted to Consultants retained by the Company
      pursuant to a short term contract or for a specific project with a finite
      term, will be subject to such vesting provisions determined by the Board
      of Directors of the Company at the time the Option Commitment is made,
      subject to Regulatory Approval.

	 	 	 
	4. 	
      Options granted to Service Providers involved in Investor
      Relations Activities shall vest in accordance with Section 3.80 of the
      Plan.

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