Document:

EXHIBIT
      10.1

    

    TRANSLATION
      FOR CONVENIENCE ONLY - NOT LEGALLY BINDING

     

    [TRANSLATION]

     

    
      	
              CONTRIBUTION
                AGREEMENT OF A BUSINESS ENTERPRISE AND VARIOUS
                ASSETS

            

    

    

    BETWEEN
      THE UNDERSIGNED:

     

    ICE
      ROCKS,

    a
      joint-stock company with a board of directors and a declared capital of
      40,000 euros,

    with
      its
      registered office at 5, rue de Tilsitt 75008 PARIS,

    registered
      with the Registre du Commerce et des Sociétés de Paris under
      No B 434 300 885,

    represented
      by Mr. LACAN, sole managing director, duly qualified for this
      purpose,

     

    hereinafter
      referred to as “ICE ROCKS”,

     

    AND

     

    ICE
      ROCKS PARTICIPATIONS,

    a
      limited
      liability company with a declared capital of 7,700.00 euros,

    registered
      with the Registre du Commerce et des Sociétés de Paris under
      No B 433 913 894,

    with
      its
      registered office at 5, rue de Tilsitt 75008 PARIS,

    represented
      by Mr. Thierry LACAN, as manager, duly qualified for this
      purpose,

     

    hereinafter
      referred to as “ICE ROCKS PARTICIPATIONS”,

     

    AND

     

    COLBERT
      FONCIER,

    a
      limited
      liability company with a declared capital of 7,622.45 euros,

    registered
      with the Registre du Commerce et des Sociétés de Paris under
      No B 397 796 822,

    with
      its
      registered office at 5, rue de Tilsitt 75008 PARIS,

    represented
      by Mr. Bruno LEDOUX, as manager, duly qualified for this
      purpose,

     

    hereinafter
      referred to as “COLBERT FONCIER”,

     

    AND

     

    Mr.
      Thierry
      LACAN,
      head of
      a business, born on April 7, 1963 in Paris, 17th arrondissement,
      of French nationality, married under the regime of the separation of property
      by
      contract dated April 6, 1993, residing at 31, rue de la Ferme,
      Neuilly-sur-Seine, 92200

     

    AND

     

    Mr.
      Bruno
      LEDOUX,
      head of
      a business, born on October 1, 1964 in Paris, 15th arrondissement,
      of French nationality, married under the regime of the separation of property
      by
      contract dated September 22, 1989, residing at 5, rue de Tilsitt 75008
      Paris

     

    All
      of
      the above hereinafter collectively referred to as the “Contributors” and each of
      them individually as a “Contributor”,

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    On
      the one hand,

     

    AND

     

    WATER
      BANK OF AMERICA INC.,

     

    a
      corporation incorporated under Canadian law pursuant to the Canada
      Business Corporations Act,
      with
      its registered office at 100, avenue des Sommets, Suite 1603, Verdun,
      Quebec, Canada  H3E 1Z8,

    with
      the
      registration No 1160910676,

    represented
      by Mr. Michel P. PELLETIER, duly authorized for the purposes
      hereof,

     

    hereinafter
      referred to as the “Beneficiary Corporation”,

     

    On
      the other hand.

     

    The
      Contributors and the Beneficiary Corporation shall hereinafter collectively
      be
      referred to as the “Parties” and individually as a “Party”.

     

    IT
      HAS BEEN PREVIOUSLY STATED THAT:

     

    1/
      ICE
      ROCKS has developed a business consisting of the processing of spring water
      destined for the production of ice cubes (hereinafter referred to as the
“Commercial Activity”).

     

    Moreover,
      it has acquired certain assets of a corporation incorporated pursuant to British
      law, SCOTCH ROCKS, in 2000.

     

    2/
      A
      patent regarding a sealed container filled with a liquid destined for the
      manufacture of ice cubes including an ejection procedure for the ice cubes,
      has
      been filed by COLBERT FONCIER in France. Said patent mentions MM. LACAN and
      LEDOUX as inventors.

     

    Subject
      to the priority of this patent, MM. Thierry LACAN and Bruno LEDOUX filed a
      patent application under Euro-PCT for several States.

     

    3/
      ICE
      ROCKS PARTICIPATION and COLBERT FONCIER also acquired or filed trademarks in
      various States.

     

    4/
      ICE
      ROCKS, ICE ROCKS PARTICIPATION and Mr. Thierry LACAN finally reserved a
      variety of domain names.

     

    The
      Contributors have established that the Business requires considerable financial,
      human and material investments that they cannot nor wish to
      provide.

     

    The
      Beneficiary Corporation is a Canadian corporation whose business consists mainly
      in acquiring springs, and merchandizing and distributing water. It has shown
      some interest for the Business in view of a future listing of its stock
      (directly or indirectly) for trading on the regulated markets in Toronto and
      Montreal.

     

    Insofar
      as the Contributors are concerned, they state that this listing project
      corresponds with the prospects that they entertained with respect to the
      development of the concept.

     

    The
      Parties have therefor come together to contribute and bring the Business
      Enterprise of ICE ROCKS as well as the patents, trademarks and domain names
      to
      the Beneficiary Corporation.

     

    The
      Beneficiary Corporation carried out an audit of the patents, trademarks and
      domain names of the Contributors to verify, in particular, the Contributors’
ownership rights to the intellectual property and the legal validity of such
      rights.

     

    As
      a
      result of this audit, it has been demonstrated that several assets required
      for
      the development of the Business do not belong to ICE ROCKS. The Parties have
      thus agreed to carry out the necessary contributions regarding their combination
      in the hands of the Beneficiary Corporation.

     

    These
      contributions, hereinafter referenced, are indissociable.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    IT
      HAS THEREFORE BEEN AGREED AS FOLLOWS:

     

    Table
      of Contents

     

    
      	
              Title
                A: 

            	 	
              List
                of Schedules

            	 	
              4

            
	 	 	 	 	 
	
              Title
                B:

            	 	
              Specific
                Clauses Relating to the Contribution of its Business Enterprise by
                ICE
                ROCKS

            	 	
              5

            
	 	 	 	 	 
	
              Title
                C:

            	 	
              Specific
                Clauses Relating to the Contribution of Patents

            	 	
              9

            
	 	 	
              Chapter
                1: Contribution of a Patent by COLBERT FONCIER

            	 	
              10

            
	 	 	
              Chapter
                2: Contribution of Patents by MM. LACAN and LEDOUX

            	 	
              12

            
	 	 	 	 	 
	
              Title
                D:

            	 	
              Specific
                Clauses Relating to the Contribution of Trademarks

            	 	
              14

            
	 	 	
              Chapter
                1: Contribution of Trademarks by COLBERT FONCIER

            	 	
              15

            
	 	 	
              Chapter
                2: Contribution of Trademarks by ICE ROCKS PARTICIPATIONS 

            	 	
              17

            
	 	 	 	 	 
	
              Title
                E:

            	 	
              Specific
                Clauses Relating to the Contribution of Domain Names

            	 	
              19

            
	 	 	
              Chapter
                1: Contribution of a Domain Name by ICE ROCKS
                PARTICIPATIONS

            	 	
              20

            
	 	 	
              Chapter
                2: Contribution of a Domain Name by Mr. LACAN

            	 	
              22

            
	 	 	 	 	 
	
              Title
                F:

            	 	
              Clauses
                Relating to the Remuneration by the Beneficiary Corporation for the
                Various Contributions

            	 	
              24

            
	 	 	 	 	
               

            
	
              Title
                G: 

            	 	
              General
                Provisions

            	 	
              27

            

    

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    Title
      A

     

    List
      of Schedules

     

    Schedule
      1: Contributed
      Domain Names with respect to the Business Enterprise contribution by ICE
      ROCKS

     

    Schedule
      2: Inventory
      of Stocks

     

    Schedule
      3: List
      of
      Creditors

     

    Schedule
      4: Copy
      of
      the French Patent No 00 11090 COLBERT FONCIER

     

    Schedule
      5: Copy
      of
      the Euro-PCT Patent Application No WO 02/18856

     

    Schedule
      6: Copy
      of
      the European Patent No EP 01 065-369.0

     

    Schedule
      7: Copy
      of
      the Canadian Patent Title No CA 2422 957

     

    Schedule
      8: Copy
      of
      the U.S. Patent Application Title No US 2004/0026599

     

    Schedule
      9: Copy
      of
      the Japanese Patent Title No JP 2002-523537

     

    Schedule
      10: Copy
      of
      the Korean Patent Title No KR 10-2003-7003145

     

    Schedule
      11: Copy
      of
      the Chinese Patent Title No CN 01817435.3

     

    Schedule
      12: Copy
      of
      the Mexican Patent Title No MX 2003 00 1897

     

    Schedule
      13: Copy
      of
      the Brazilian Patent Title No BR 0113689.5

     

    Schedule
      14: Copy
      of
      the Turkish Patent Title (Normally Lapsed)
      No TR 2003-00493

     

    Schedule
      15: Copy
      of
      the Moroccan Patent Title No MC 27080

     

    Schedule
      16: Copy
      of
      the Israeli Patent Title No IS 33049

     

    Schedule
      17: Descriptions
      of Trademarks 1

     

    Schedule
      18: Copies
      of
      Trademarks 1

     

    Schedule
      19: Descriptions
      of Trademarks 2

     

    Schedule
      20: Copies
      of
      Trademarks 2

     

    Schedule
      21: Copy
      of
      the Registration of the “icerocks.net” Domain Name with the Registrar

     

    Schedule
      22: Copy
      of
      the Registration of the “icerocks.org” Domain Name with the Registrar

     

    Schedule
      23: Distribution
      of the Shares of WATER BANK OF AMERICA Amongst its Associates, Before and After
      the Completion of the Capital Increase

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    Title
      B

     

    Contribution
      of its Business Enterprise by ICE ROCKS

     

    Section
      1 - Designation of the Business Enterprise

     

    ICE
      ROCKS
      hereby contributes, with the usual and legal warranties, in addition to the
      various representations and warranties set forth hereinafter, to the Beneficiary
      Corporation which accepts it, the Business Enterprise consisting of the
      processing of foodstuffs, in particular water destined for the manufacture
      of
      ice cubes, operating under the name “ICE ROCKS”, located at 5, rue de
      Tilsitt 75008 PARIS, which it owns and for which it is registered at the
      Registre du Commerce and des Sociétés de Paris under
      No RCS B 434 300 885, to the exclusion of any other
      Business Enterprise exploited by the Contributor.

     

    The
      above-mentioned Business Enterprise includes:

     

    A
      - Intangible Assets

     

    
      	·	
              The
                clientele, goodwill and in general the right to call itself the successor
                of the Contributor with respect to the operation of the said Business
                Enterprise;

            

    

    
      	·	
              The
                commercial name and signage;

            

    

    
      	·	
              All
                studies and all commercial, technical, administrative or financial
                documents directly or indirectly relating to the operation of the
                contributed Business Enterprise;

            

    

    
      	·	
              The
                domain names, a list of which is included in Schedule 1.

            

    

     

    The
      Business Enterprise is presently operated by the Contributor who is domiciled
      in
      the premises that it has at its disposal at 5, rue de Tilsitt 75008
      Paris.

     

    It
      is
      hereby specified that the present contribution does not include any right to
      the
      lease.

     

    It
      is
      however understood amongst the Parties that the Beneficiary Corporation will
      be
      able to use the above-mentioned premises to carry out ongoing business regarding
      the operation of the Business Enterprise, during a period of 30 days at
      most from the date of completion of the contribution. This precarious occupancy
      will be free of charge.

     

    B
      -Tangible Assets

     

    
      
        
          
            	
                    ·

                  	
                    The
                      following operating materials: a “line for the processing and
                      filling of spring water” that
                      includes:

                  

          

        

      

    

    
      	 	
              
                ·

              

            	
              A
                MECA 420 machine - of type 420 No 556 container
                maker

            

    

    
      	 	
              
                ·

              

            	
              A
                20 head HITEC distributor - 420 series E
                441

            

    

    
      	 	
              
                ·

              

            	
              A
                HECISA laminary flux machine

            

    

    
      	 	
              
                ·

              

            	
              An
                AES ozonizer - ALLIANCE/OZONE

            

    

    
      	 	
              
                ·

              

            	
              A
                motorized D1000 stainless steel revolving
                table

            

    

    
      	 	
              
                ·

              

            	
              A
                motorized L. 110 x 400 converter
                belt

            

    

    
      	 	
              
                ·

              

            	
              A
                3M-MATIC type TP 200 A-E box tape
                machine

            

    

     

    Equipment
      and servitudes:

    
      	 	
              
                ·

              

            	
              1
                R22 GETR COOLING / WELLINGTON - SOMERSET cooling group,
                RC 44 model

            

    

    
      	 	
              
                ·

              

            	
              1
                FULTON ELECTRIC sterilizing boiler

            

    

    
      	 	
              
                ·

              

            	
              1
                200 1./1 lb pressure
                chamber

            

    

    
      	 	
              
                ·

              

            	
              1
                ATLAS COPCO GA 5 type
                compressor

            

    

    
      	 	
              
                ·

              

            	
              1
                shrink wrap machine

            

    

    
      	 	
              
                ·

              

            	
              1
                WILLET ink jet printer for dating

            

    

    
      	 	
              
                ·

              

            	
              1
                stainless steel filtration machine

            

    

    
      	 	
              
                ·

              

            	
              1
                UV water treatment filter

            

    

    
      	 	
              
                ·

              

            	
              1
                BEKO - WAMAT dosing pump

            

    

    
      	 	
              
                ·

              

            	
              1
                set of various materials:

            

    

    
      	 	
              
                ·

              

            	
              Spare
                parts

            

    

    
      	 	
              
                ·

              

            	
              Pest
                control devices

            

    

    
      	 	
              
                ·

              

            	
              Miscellaneous
                small materials

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    As
      well
      as any accessories, parts and improvements thereto.

     

    
      	
              
                ·

              

            	
              The
                inventoried stocks hereinafter listed in Schedule 2.
                The stocks are being contributed on the basis of the inventory and
                the
                corresponding estimation given to the Beneficiary Corporation, the
                latter
                declaring having full knowledge thereof, having seen and examined
                same.

            

    

     

    The
      Business Enterprise is comprised exclusively of the tangible and intangible
      assets defined hereinabove.

     

    The
      Contributor represents and warrants as follows:

    
      	
              
                ·

              

            	
              The
                Business Enterprise does not include, as of the date of completion
                of the
                contribution, any additional fittings, office materials or other
                furniture, nor any tangible assets that may have been used to carry
                on the
                Commercial Activity and to exploit the Business Enterprise, other
                than
                those listed hereinabove.

            

    

    
      	
              
                ·

              

            	
              No
                assets of this nature are located on the
                premises.

            

    

    
      	
              
                ·

              

            	
              No
                fixed assets are attached to the Business
                Enterprise.

            

    

     

    Accordingly,
      the Beneficiary Corporation exempts the Contributor from any physical inventory
      and declares having accepted the tangible assets as is, without any recourse
      against the Contributor.

     

    Section
      2 - Origin of Ownership

     

    The
      Vendor declares being the owner of the Business Enterprise having created it
      on
      January 12, 2001 and which business is being operated in a stable,
      peaceful and continuous manner.

     

    Section
      3 - Property - Enjoyment

     

    The
      Beneficiary Corporation shall have the property and the enjoyment of the
      contributed Business Enterprise from the date of completion of the contribution
      by all of the Parties.

     

    Section
      4 - Charges and Conditions

     

    The
      contribution stipulated hereinabove, clear of any debts, is based on the
      following charges and conditions:

     

    
      	
              
                ·

              

            	
              The
                Beneficiary Corporation will take the contributed assets and rights
                in
                their “as is” state upon the effective date of enjoyment, without being
                entitled to ask for any indemnification for any reason whatsoever
                and, in
                particular, with respect to any errors of designation or capacity
                or any
                change to the composition of the existing assets as at such
                date.

            

    

     

    
      	
              
                ·

              

            	
              It
                shall acquit, as of the effective date of enjoyment, all contributions,
                taxes, levies, insurance premiums and contributions, as well as any
                other
                amounts whatsoever, ordinary or extraordinary, encumbering or which
                could
                encumber the contributed assets and those which are or may be intrinsic
                to
                the operation of the contributed Business Enterprise. The business
                tax
                will be allocated proportionally in time among the contributing and
                beneficiary corporations.

            

    

     

    
      	
              
                ·

              

            	
              It
                shall assume all the expenses and fees relating to the present
                contribution, including those relating to the acts and exhibits required
                to reflect its definitive completion, as well as all the expenses
                resulting directly or indirectly
                therefrom.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    Section
      5 - Representations

     

    The
      Contributor represents as follows:

     

    5-1 Sales
      and Income

     

    The
      sales
      figures, to the exclusion of taxes, for the last three fiscal years are
      estimated as follows:

    
      	 	
              
                ·

              

            	
              from
                January 29, 2001 to March 31, 2002: 11,606
                euros,

            

    

    
      	 	
              
                ·

              

            	
              from
                April 1, 2002 to March, 31, 2003: 71.149
                euros,

            

    

    
      	 	
              
                ·

              

            	
              from
                April 1, 2003 to March, 31 2004: 21.143 euros
                (*).

            

    

     

    For
      the
      corresponding periods, the income is estimated as follows:

    
      	 	
              
                ·

              

            	
              from
                January 29 , 2001 to March 31, 2002: (208,732)
                euros,

            

    

    
      	 	
              
                ·

              

            	
              from
                April 1, 2002 to March 31, 2003: (100.090)
                euros,

            

    

    
      	 	
              
                ·

              

            	
              from
                April 1, 2003 to March 31, 2004: (60.000) euros
                (*).

            

    

     

    (*)
      With
      respect to the fiscal year ended March 31, 2004, ICE ROCKS not yet having
      completed its inventory, the figures shown are estimates based on its best
      knowledge.

     

    The
      Beneficiary Corporation acknowledges that the above disclosures are solely
      for
      information purposes and shall in no way affect its willingness to purchase
      the
      Business Enterprise and waives any recourse against the Contributor with respect
      thereto and accordingly, grants an outright, definitive and complete discharge
      to the writers of the present agreement.

     

    5-2 Encumbrances

     

    There
      are
      no liens or pledges registered on the contributed Business Enterprise. In the
      event that any such liens or pledges are discovered, the Contributor undertakes
      from this moment to grant acquittal and discharge with respect thereto, at
      its
      expense, within three (3) months after the completion of the present
      contribution.

     

    5-3 Other
      Representations

     

    Moreover,
      the Contributor represents and warrants that:

    
      	
              ·

            	
              its
                registered office is in France and it has French residency status
                within
                the meaning of the currency exchange regulations currently in
                effect;

            

    

    
      	
              ·

            	
              it
                may freely dispose of the ownership of the Business Enterprise in
                question
                and all of the elements therein, of which none have been the object
                of a
                seizure or are liable to be;

            

    

    
      	
              ·

            	
              none
                of the activities currently carried out with respect to the Business
                Enterprise in question have been lent or leased, it being specified
                however that the operating materials and the stocks are currently
                on
                deposit with SOFABO;

            

    

    
      	
              ·

            	
              there
                are no administrative, judicial or other restraints regarding the
                operation or the contribution of the Business Enterprise and the
                latter is
                not currently subject to overprotection pursuant to the laws and
                regulations in effect that are likely to result in its disappearance
                or
                unavailability;

            

    

    
      	
              ·

            	
              as
                of the date of completion of the contribution, it is not the object
                of any
                proceedings whatsoever regarding the operation of the Business Enterprise
                contributed and likely to hinder such operation by the Beneficiary
                Corporation and the peaceful enjoyment that it may
                expect;

            

    

    
      	
              ·

            	
              with
                the exception of the list of creditors (where the identity of the
                creditor, the amount of the debt and the expiry date are indicated)
                set
                forth hereinafter in Schedule 3,
                which list the Contributor guarantees is accurate and faithful, there
                are
                no other creditors and the Contributor is not liable, at the present
                date,
                for any amount whatsoever for any reason whatsoever in favour of
                any third
                party (including the shareholders of the
                Contributor);

            

    

    
      	
              ·

            	
              in
                summary, nothing in its legal status opposes to the free disposal
                of the
                contributed Business Enterprise and to the peaceful enjoyment of
                the
                latter by the Beneficiary
                Corporation;

            

    

    
      	
              ·

            	
              that
                it is not and has never been in a position of judicial liquidation
                or
                bankruptcy or suspension of
                payments;

            

    

    
      	
              ·

            	
              it
                is not presently and is not susceptible of being the object of proceedings
                likely to result in the confiscation of its
                assets;

            

    

    
      	
              ·

            	
              that
                its account books, after having been verified by the Parties, will
                be made
                available to the Beneficiary Corporation for a period of three years
                as of
                the effective date of enjoyment of the Business
                Enterprise;

            

    

    
      	
              ·

            	
              that
                there is no work contract, of any nature whatsoever, that binds it
                to a
                particular employee at the date of completion of the contribution
                (including pursuant to any prior notice whatsoever). Accordingly,
                the
                Contributor warrants to the Beneficiary Corporation that there is
                no
                obligation (i) to retain any employees whatesoever with the Business
                Enterprise in accordance with the provisions of
                Section L. 122-12 of the Labour Code and (ii) to pay any
                amount whatsoever for whatever reason to any former
                employee;

            

    

    
    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              ·

            	
              that
                it has no knowledge of any existing or future litigation relating
                to the
                contributed assets. For all practical purposes, it guarantees the
                Beneficiary Corporation against all future actions, legal proceedings
                and/or condemnations with respect to an eventual litigation relating
                to
                the contributed assets;

            

    

    
      	
              ·

            	
              it
                is the valid and regular owner of all of the transferred tangible
                or
                intangible assets comprised in the Business
                Enterprise;

            

    

    
      	
              ·

            	
              and
                it guarantees that the transferred assets are not encumbered by any
                real
                or personal rights, pledges, servitudes, guaranties, registered
                privileges, charges and sureties, as well as any other restrictions
                and
                guarantees of any nature whatsoever that might interfere with the
                full
                ownership or enjoyment of the said
                assets;

            

    

    
      	
              ·

            	
              that
                it does not own any other patent, trademark, intellectual property
                right
                or domain name that could be confused with the Commercial Activity,
                other
                than those contributed pursuant to this
                agreement.

            

    

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    Title
      C

     

    Specific
      Clauses Relating to the Contribution of Patents

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    Chapter
      1

     

    Contribution
      of a Patent by COLBERT FONCIER

     

    The
      Contributor is the holder and sole owner of the French patent
      No 00 11090 COLBERT FONCIER that was applied for on August 30, 2000
      from l’Institut National de la Propriété Industrielle, which application was
      published on March 1, 2002 under No 2813 384 and was issued on
      February 13, 2003, bearing the designation “Sealed
      container filled with water destined for the manufacture of ice cubes and
      processing thereof”
      referred to in Schedule 4
      (hereinafter referred to as “Patent 1”).

     

    The
      Contributor does not wish to pursue exploitation of Patent 1, having no
      inclination to undertake the manufacturing of products that can be manufactured
      as a result of its knowledge and not having the technical means or the adequate
      human resources to guarantee durability and full control.

     

    The
      Beneficiary Corporation is interested in acquiring the full and complete
      ownership of Patent 1 and the Contributor has agreed to make it available
      to the Beneficiary Corporation.

     

    Section
      1 - Purpose

     

    The
      purpose hereof is to define the terms and conditions under which the Contributor
      will contribute to the Beneficiary Corporation, who accepts it, the full and
      complete ownership of Patent 1, a copy of which, including the preliminary
      research report, is annexed hereto as Schedule 4.

     

    The
      Contributor contributes and transfers in favour of the Beneficiary Corporation,
      who accepts without any exceptions, the rights regarding the property and
      enjoyment which it holds with respect to Patent No 1.

     

    Section
      2 - Scope and Limits of the Contribution

     

    
      	
              2.1

            	
              This
                contribution concerns exclusively Patent 1 for the entire French
                territory where it is in effect.

            

    

     

    
      	
              2.2

            	
              The
                Contributor declares that with the exception of the rights held by
                it
                regarding Patent 1, it does not have any other rights with respect to
                this patent and, in particular, with respect to international and/or
                domestic patent applications subject to the priority of
                Patent 1.

            

    

     

    
      	
              2.3

            	
              The
                Beneficiary Corporation is subrogated in all of the rights of the
                Contributor and accordingly shall benefit, at its discretion, from
                the
                completion of the contribution, of the full and complete ownership
                and
                enjoyment of Patent 1, subject to it being maintained in effect and
                the payment of any expenses relating thereto, with respect to which
                it
                assumes full responsibility.

            

    

     

    Section
      3 - Obligations and Warranties

     

    3.1 Communication

     

    At
      the
      date of completion of the contribution in favour of the Beneficiary Corporation,
      the Contributor will deliver a copy of the title and file concerning
      Patent 1, in particular the notice of its issuance and, in general, all of
      the documentation which will allow the use and peaceful exploitation
      thereof.

     

    3.2 Representation

     

    The
      Contributor represents:

    
      	
              ·

            	
              that
                it has full and complete ownership of Patent 1 within the limits of
                the rights that have been granted to it, that it has not granted
                any
                licenses, exclusive or otherwise, nor any assignments or pledges
                (or
                encumbrances) or any other rights whatsoever and that it has the
                capacity
                to freely contribute such patent in such way that the Beneficiary
                Corporation may have full and free use
                thereof;

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      	
              ·

            	
              that
                it has regularly acquitted all fees and expenses with respect to
                filing
                and maintenance (annual installments) and that it has undertaken
                all of
                the formalities required for the material existence of such
                rights.

            

    

     

    3.3 Obligations

     

    The
      Contributor shall, directly or indirectly, refrain from any manufacturing and
      exploitation of products similar to the invention derived from
      Patent 1.

     

    The
      Contributor shall, in any case, refrain from availing itself, for its own
      benefit, of any personal prior right of possession with respect to
      Patent 1.

     

    3.4 Warranty

     

    The
      Contributor guarantees the Beneficiary Corporation against any prejudice, direct
      or indirect, resulting from any legal proceedings for recovery of property,
      for
      cancellation or any other basis prior to the completion of the contribution,
      regarding the validity, ownership, use and/or exploitation of Patent 1,
      within the limits of the rights granted to it.

     

    The
      Contributor only guarantees the existence of Patent 1, to the exclusion of
      its efficiency and validity, which the Beneficiary Corporation expressly agrees
      to.

     

    Section
      4 - Transfer of Ownership and Risks

     

    The
      Parties agree that the ownership as well as all of the risks associated with
      Patent 1 will be transferred to the Beneficiary Corporation as of the date
      of completion of the contribution.

     

    Section
      5 - Formalities 

     

    In
      order
      to ratify the present contribution or to set it up against third persons, the
      Beneficiary Corporation undertakes, at its expense, to begin the process of
      all
      registration formalities with the competent international or domestic agencies,
      as the case may be, within the time limits prescribed under applicable
      regulation or, failing such, no later than three (3) months following
      the date of completion of the contribution.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    Chapter
      2

     

    Contribution
      of Patents by MM. LACAN and LEDOUX

     

    The
      Contributors are co-holders and sole owners of the Euro-PCT patent application
      No WO 02/18856 LACAN filed on August 29, 2001 under
      No PCT/FR01/02687, subject to the priority of French Patent
      No 00 11090, published on March 7, 2002, bearing the designation
“Sealed
      container filled with water destined for the manufacture of ice cubes and the
      processing thereof”
      referred to in Schedule 5,
      as well
      as the European patent and the foreign national patents resulting therefrom
      (hereinafter referred to as “Patents 2”).

     

    The
      Contributors do not wish to pursue exploiting Patents 2, having no
      inclination to undertake the manufacturing of products that can be manufactured
      as a result of their knowledge and not having the technical means or the
      adequate human resources to guarantee durability and full control.

     

    The
      Beneficiary Corporation is interested in acquiring the full and complete
      ownership of Patents 2 and the Contributors have agreed to make it
      available to the Beneficiary Corporation.

     

    Section
      1 - Purpose

     

    The
      purpose hereof is to define the terms and conditions under which the
      Contributors will contribute in favour of the Beneficiary Corporation, which
      accepts it, the full and complete ownership of Patents 2, copies of which,
      including the preliminary research report, are annexed hereto as Schedules 5
      to 16.

     

    The
      Contributors contribute and transfer in favour of the Beneficiary Corporation,
      who accepts without any exceptions, the rights regarding the property and the
      possession which they hold with respect to Patents 2.

     

    Section
      2 - Scope and Limits of the Contribution

     

    
      	
              2.1

            	
              This
                contribution concerns exclusively Patents 2 for all of the
                territorities where they are in
                effect.

            

    

     

    
      	
              2.2

            	
              The
                Beneficiary Corporation is subrogated in all of the rights of the
                Contributors and accordingly shall benefit, at its discretion, from
                the
                completion of the contribution, of the full and complete ownership
                and
                enjoyment of Patents 2, subject to their being maintained in effect
                and to the payment of any expenses relating thereto, with respect
                to which
                it assumes full responsibility.

            

    

     

    It
      should
      be noted that among these ten national patents is an application for a Turkish
      patent. According to the Contributors’ industrial property counselors, this
      patent application has lapsed as a result of the non-payment of a levy. However,
      according to the Contributors’ industrial property counselors , at the date of
      the completion of the contribution, it is not excluded under Turkish law for
      this application to be renewed. Accordingly, this Turkish patent application,
      in
      all likelihood lapsed, will be contributed to the Beneficiary Corporation free
      of charge. The Beneficiary Corporation shall then be responsible for undertaking
      all of the formalities that may yet have to be taken according to Turkish law
      for the eventual renewal of this patent application. The Beneficiary Corporation
      shall then be the owner of the resulting patent under the same conditions as
      those described herein with respect to the other patents.

     

    Section
      3 - Obligations and Warranties

     

    3.1 Communication

     

    At
      of the
      date of completion of the contribution in favour of the Beneficiary Corporation,
      the Contributors will deliver a copy of the titles and files concerning
      Patents 2, in particular the notice of publication of their applications
      and their issuance and, in general, all of the documentation which will allow
      the use and peaceful exploitation thereof.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    3.2 Representation

     

    The
      Contributors represent:

     

    
      	
              ·

            	
              that
                they have full and complete ownership of Patents 2 within the limits
                of the rights that have been granted to them, that they have not
                granted
                any licenses, exclusive or otherwise, nor any assignments or pledges
                (or
                encumbrances) or any other rights whatsoever and that they have the
                capacity to freely contribute such patent in order that the Beneficiary
                Corporation may have full and free use
                thereof;

            

    

     

    
      	
              ·

            	
              that
                they have regularly acquitted all fees and expenses with respect
                to filing
                and maintenance (annual installments) and that they have undertaken
                all of
                the formalities required for the material existence of such
                rights.

            

    

     

    3.3 Obligations

     

    The
      Contributors shall, directly or indirectly, refrain from any manufacturing
      and
      exploitation of products similar to the invention derived from
      Patents 2.

     

    The
      Contributors shall, in any case, refrain from availing themselves, for their
      own
      benefit, of any personal prior right of possession with respect to
      Patents 2.

     

    3.4 Warranty

     

    The
      Contributors guarantee the Beneficiary Corporation against any prejudice, direct
      or indirect, resulting from any legal proceedings for recovery of property,
      for
      cancellation or any other basis prior to the completion of the contribution,
      regarding the validity, ownership, use and/or exploitation of Patents 2,
      within the limits of the rights granted to it.

     

    The
      Contributors only guarantee the existence of Patents 2, to the exclusion of
      their efficiency and validity, which the Beneficiary Corporation expressly
      agrees to.

     

    Section
      4 - Transfer of Ownership and Risks

     

    The
      Parties agree that the ownership as well as all of the risks associated with
      Patents 2 will be transferred to the Beneficiary Corporation on the date of
      the completion of the contribution.

     

    Section
      5 - Formalities 

     

    In
      order
      to ratify the present contribution or to set it up against third persons, the
      Beneficiary Corporation undertakes, at its expense, to being the process of
      all
      registration formalities with the competent international or domestic agencies,
      as the case may be, within the time limits prescribed under applicable
      regulation or, failing such, no later than three (3) months following
      the date of completion of the contribution.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    Title
      D

     

    Specific
      Clauses Relating to the Contribution of Trademarks

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    Chapter
      1

     

    Contribution
      of Trademarks by COLBERT FONCIER

     

    The
      Contributor is the holder of the verbal and/or semi-figurative trademarks
      referred to in Schedule 17
      (hereinafter referred to as “Trademarks 1”).

     

    At
      the
      date of completion of the contribution, some of said Trademarks 1 will have
      been subject to commercial use. On the other hand, others have not yet been
      subject to any commercial use by the Contributor, seeing as the market therefor
      has yet to be created. The Contributor does not wish to use its
      Trademarks 1 for the processing and sale of beverages and their ancillary
      products, having no inclination to undertake the manufacturing of such products
      and not having the technical means or the adequate human resources to guarantee
      durability and full control.

     

    The
      Contributor has thus decided to contribute its Trademarks 1.

     

    Section
      1 - Purpose

     

    With
      this
      end in view, the Contributor contributes Trademarks No 1, of which it
      is the holder, to the Beneficiary Corporation who accepts them.

     

    The
      purpose hereof is to define the terms and conditions under which the Contributor
      will contribute in favour of the Beneficiary Corporation the full and complete
      ownership of Trademarks 1, as described in Schedule 17
      and
      copies of which are annexed hereto as Schedule 18.

     

    Section
      2 - Scope and Limits of the Transfer

     

    2.1 This
      contribution concerns exclusively Trademarks 1 as designated in the filing
      and/or registration certificates (hereinafter referred to as the “Certificates”)
      and with respect to the territorities (hereinafter referred to as the
“Territorities”), as it appears from Schedules 17
      and 18.

     

    2.2 The
      Parties expressly agree that the purpose of the contribution extends to all
      the
      products and services with respect to which Trademarks 1 were filed and/or
      registered.

     

    2.3 The
      Contributor shall refrain from undertaking any formalities whatsoever,
      throughout the entire world, that could confer upon it any right of ownership
      whatsoever to the constituent signage regarding Trademarks 1 in any form
      whatsoever. Accordingly and in particular, the Contributor agrees to not proceed
      with any new filings with respect to such signage. In the same manner, it shall
      refrain from any exploitation of the signages and Trademarks 1 in any
      territory and with respect to all products and/or services.

     

    2.4 The
      Contributor declares that, with the exception of the rights held by it with
      respect to Trademarks 1, it does not own any other rights on the signage
      transferred and covered by such Trademarks 1.

     

    2.5 The
      Beneficiary Corporation, sole holder of Trademarks 1 after the completion
      of the contribution, will be free to no longer use or renew all or any portion
      of said Trademarks 1. It will have the sole responsibility to maintain them
      in effect and all related expenses will be assumed exclusively by it in
      accordance with Section 5 hereunder.

     

    Section
      3 - Obligations and Warranties

     

    3.1 Communication

     

    At
      the
      date of completion of the contribution, the Contributor will deliver to the
      Beneficiary Corporation copies of all the titles and files concerning
      Trademarks 1, their use and exploitation, in particular, the notice of
      publication and the certificate of identify for Trademarks 1 and, in
      general, all of the documentation and equipment required for the use and
      peaceful exploitation thereof. 

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    3.2 Representation

     

    The
      Contributor represents:

     

    
      	
              ·

            	
              that
                it has full and complete ownership of Trademarks 1 within the limits
                of the rights that have been granted to it by the Certificates and
                that it
                has not granted any licenses or pledges (encumbrances) or any other
                rights
                whatsoever and that it has the capacity to freely transfer the
                same;

            

    

     

    
      	
              ·

            	
              that
                it has regularly acquitted all filing fees and expenses with respect
                to
                Trademarks 1 and, as the case may be, the expenses relating to their
                registration, and that it has undertaken all of the formalities required
                for the material existence of such
                rights;

            

    

     

    
      	
              ·

            	
              that
                     there exists no litigation and that it has no knowledge of any
                claims
                regarding the ownership of Trademarks 1 and that it has always had
                peaceful enjoyment thereof.

            

    

     

    3.3 Prejudice

     

    The
      Contributor guarantees the Beneficiary Corporation against any prejudice
      resulting from any legal proceedings for recovery of property, for cancellation
      or for forfeiture, prior to the date of completion of the contribution,
      regarding the validity, ownership, use and/or exploitation of Trademarks 1,
      within the limits of the rights granted to it by the Certificates.

     

    Section
      4 - Transfer of Ownership and Risks

     

    The
      Parties agree that the ownership as well as the risks related to
      Trademarks 1 will be transferred to the Beneficiary Corporation at the date
      of completion of the contribution.

     

    Section
      5 - Formalities

     

    In
      order
      to ratify the present contribution or to set it up against third persons, the
      Beneficiary Corporation undertakes, at its expense, to begin the process of
      all
      registration formalities with the competent international or domestic agencies,
      as the case may be, within the time limits prescribed under applicable
      regulation, or failing such, no later than three (3) months following
      the completion of the contribution.

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    Chapter
      2

     

    Contribution
      of Trademarks by

    ICE
      ROCKS PARTICIPATIONS

     

    The
      Contributor is the holder of the verbal and/or semi-figurative trademarks
      referred to in Schedule 19
      (hereinafter referred to as “Trademarks 2”).

     

    At
      the
      date of completion of the contribution, some of said Trademarks 2 will have
      been subject to commercial use. On the other hand, others have not yet been
      subject to significant commercial use by the Contributor, seeing as the market
      therefor has yet to be created. The Contributor does not wish to use its
      Trademarks 2 for the processing and sale of beverages and their ancillary
      products, having no inclination to undertake the manufacturing of such products
      and not having the technical means or the adequate human resources to guarantee
      durability and full control.

     

    The
      Contributor has thus decided to transfer its Trademarks 2.

     

    Section
      1 - Purpose

     

    With
      this
      end in view, the Contributor contributes Trademarks 2, of which it is the
      holder, to the Beneficiary Corporation who accepts them.

     

    The
      purpose hereof is to define the terms and conditions under which the Contributor
      will contribute in favour of the Beneficiary Corporation the full and complete
      ownership of Trademarks 2, as described in Schedule 19
      and
      copies of which are annexed hereto as Schedule 20.

     

    Section
      2 - Scope and Limits of the Transfer

     

    2.1 This
      contribution concerns exclusively Trademarks 2 as designated in the filing
      and/or registration certificates (hereinafter referred to as the “Certificates”)
      and with respect to the territories (hereinafter referred to as the
“territories”), as it appears from Schedules
      19 and 20.

     

    2.2 The
      Parties expressly agree that the purpose of the contribution extends to all
      the
      products and services with respect to which Trademarks 2 were filed and/or
      registered.

     

    2.3 Subject
      to the provisions of Section 5, the Contributor shall refrain from
      undertaking any formalities whatsoever throughout the entire world that could
      confer upon it any right of ownership whatsoever to the constituent signage
      regarding Trademarks 2 in any form whatsoever. Accordingly and in
      particular, the Contributor agrees to not proceed with any new filings with
      respect to such signage. In the same manner, it shall refrain from any
      exploitation of the signages and Trademarks 2 in any territory and with
      respect to all products and/or services.

     

    2.4 The
      Contributor declares that, with the exception of the rights held with respect
      to
      Trademarks 2, it does not own any other rights on the signage transferred
      and covered by such Trademarks 2.

     

    2.5 The
      Beneficiary Corporation, sole holder of Trademarks No 2 after the
      completion of the contribution, will be free to no longer use or renew all
      or
      any portion of said Trademarks 2. It will have the sole responsibility of
      maintaining them in effect and all related expenses will be assumed exclusively
      by it in accordance with Section 5 hereunder.

     

    Section
      3 - Obligations and Warranties

     

    3.1 Communication

     

    At
      the
      date of completion of the contribution, the Contributor shall deliver to the
      Beneficiary Corporation copies of all the titles and files concerning
      Trademarks 2, their use and exploitation, in particular, the notice of
      publication and the certificate of identify for Trademarks 2 and, in
      general, all of the documentation and equipment required which will allow the
      use and peaceful exploitation thereof. 

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    3.2 Representation

     

    The
      Contributor represents:

     

    
      	
              ·

            	
              that
                it has full and complete ownership of Trademarks 2 within the limits
                of the rights that have been granted to it by the Certificates and
                that it
                has not granted any licenses or pledges (encumbrances) or any other
                rights
                whatsoever and that it has the capacity to freely transfer the
                same;

            

    

     

    
      	
              ·

            	
              that
                it has regularly acquitted all filing fees and expenses with respect
                to
                Trademarks 2 and, as the case may be, the expenses relating to their
                registration, and that it has undertaken all of the formalities required
                for the material existence of such
                rights;

            

    

     

    
      	
              ·

            	
              that
                there exists no litigation and that it has no knowledge of any claims
                regarding the ownership of Trademarks 2 and that it has always had
                peaceful enjoyment thereof.

            

    

     

    3.3 Prejudice

     

    The
      Contributor guarantees the Beneficiary Corporation against any prejudice
      resulting from any legal proceedings for recovery of property, for cancellation
      or for forfeiture, prior to the date of completion of the contribution,
      regarding the validity, ownership, use and/or exploitation of Trademarks 2,
      within the limits of the rights granted to it by the Certificates.

     

    Section
      4 - Transfer of Ownership and Risks

     

    The
      Parties agree that the ownership as well as the risks related to
      Trademarks 2 will be transferred to the Beneficiary Corporation on the date
      of completion of the contribution.

     

    Section
      5 - Formalities

     

    In
      order
      to ratify the present contribution or to set it up against third persons, the
      Beneficiary Corporation undertakes, at its expense, to begin the process of
      any
      registration formalities with the competent international or domestic agencies,
      as the case may be, within the time limits prescribed under applicable
      regulation, or failing such, no later than three (3) months following
      the completion of the contribution.

     

    Moreover,
      the Contributor has acquired the following trademarks from a third
      party:

     

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 357 707, Community trademark, verbal, registered, filed
                on January 29, 1997 in classes 11, 21, 30 and
                32.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 422 92 10, verbal trademark registered on
                January 14, 1999 and filed on September 20, 1996 in
                class 32 in Japan.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCHROCKS
                No 1 334 606, verbal trademark renewed, filed on
                October 17, 1975 in class 32 in the United
                Kingdom.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 702 719, verbal trademark registered, filed on
                February 16, 1996 in class 30 in
                Australia.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 702 207, verbal trademark registered, filed on
                February 23, 1996 in class 32 in
                Australia.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 2273215, verbal trademark filed on April 16, 1996 and
                registered on August 31, 1999 in class 30 in the United
                States.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 2223504, verbal trademark filed on April 16, 1996 and
                registered on February 16, 1999 in class 32 in the United
                States.

            

    

    
      	 	
              
                ·

              

            	
              HIGHLAND
                ROCKS No 1334606, Community trademark, verbal, registered, filed on
                August 24, 1999 in classes 11, 21, 30 and
                32.

            

    

     

    The
      deeds
      of transfer pursuant to which the Contributor purchased these trademarks from
      their previous holder were not registered in the pertinent trademark registries.
      As a result, such deeds of transfer are not opposable to any third
      parties.

     

    To
      ensure
      the completion of the registration formalities that are incumbent upon the
      Beneficiary Corporation resulting from this contribution, it is imperative
      that
      the Contributor undertakes the formalities regarding the registration of the
      previous transfers of the trademarks mentioned hereinabove.

     

    Accordingly,
      the Contributor undertakes to settle these issues within
      thirty (30) days as of completion of the contribution.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    Title
      E

     

    Specific
      Clauses Relating to the Contribution of Domain Names

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    Chapter
      1

     

    Contribution
      of a Domain Name

    by
      ICE ROCKS PARTICIPATIONS

     

    Since
      May 27, 2002, the Contributor has full and complete ownership of the domain
      name “icerocks.net”. This domain name was most recently maintained in effect on
      June 13, 2003 and its expiry date is May 27, 2004.

     

    A
      copy of
      the registration of this domain name with the Registrar is annexed hereto as
      Schedule 21.

     

    “icerocks.net”
      is hereinafter referred to as “Domain Name 1”.

     

    Section
      1 - Purpose

     

    The
      Contributor agrees to contribute Domain Name 1, of which it is the holder,
      in favour of the Beneficiary Corporation who accepts it.

     

    This
      contribution is agreed upon and accepted pursuant to the representations and
      warranties given in Section 2 hereunder.

     

    Section
      2 - Representations and Warranties

     

    The
      Contributor expressly represents and warrants that it has full and complete
      ownership of Domain Name 1 and that it has validly been granted all of the
      rights required for the purposes of transferring full and complete ownership
      of
      Domain Name 1 to the Beneficiary Corporation.

     

    The
      Contributor expressly represents that said Domain Name 1 is freely
      transferable, and in particular that it has not been subject to any encumbrances
      (or pledges) or any transfer or operating license.

     

    The
      Contributor represents that Domain Name 1 has not been and is not presently
      subject to any litigation and that the Contributor has always had peaceful
      enjoyment thereof up to the date of the completion of the
      contribution.

     

    With
      respect thereto, no dispute, action, proceeding, demand or claim of any nature
      whatsoever involving Domain Name 1 has been instituted or is about to be
      instituted against the Contributor or against another person whose actions
      would
      likely result in the liability of the Contributor.

     

    The
      Contributor warrants to the Beneficiary Corporation that all of the documents
      and information relating to Domain Name 1 in its possession on the date of
      the completion of the contribution will be handed over.

     

    Section
      3 - Repercussions of the Contribution

     

    The
      Parties agree that the ownership as well as all of the risks related to Domain
      Name 1 will be contributed in favour of the Beneficiary Corporation on the
      date of the completion of the contribution.

     

    As
      of the
      completion of the present contribution, the Beneficiary Corporation shall have
      full and complete ownership of Domain Name 1, and may freely dispose it,
      use it at its discretion, maintain it in effect or allow it to
      lapse.

     

    The
      Beneficiary Corporation will assume any renewal expenses with respect to Domain
      Name 1 as of the date of completion of the contribution insofar as it
      wishes to maintain it in effect.

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    Section
      4 - Registration Formalities with the Registrar

     

    The
      Beneficiary Corporation will make a point of, and will have the exclusive
      responsibility for, carrying out all administrative formalities regarding the
      transfer of Domain Name 1 and the registration of this contribution with
      the Registrar as well as paying all of the expenses relating
      thereto.

     

    The
      Contributor agrees to provide aid, support and assistance, to make all necessary
      disclosures and to sign all of documents required to undertake the
      administrative formalities relating to the transfer of Domain Name 1 and
      the registration of this contribution by the Beneficiary Corporation with the
      Registrar.

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    Chapter
      2

     

    Contribution
      of a Domain Name by Mr. LACAN

     

    Since
      August 28, 2000, the Contributor has full and complete ownership of the
      domain name “icerocks.org”. This domain name was most recently maintained in
      effect on October 31, 2003 and its expiry date is August 28,
      2004.

     

    A
      copy of
      the registration of this domain name with the Registrar is annexed here as
      Schedule 22.

     

    “icerocks.org”
      is hereinafter referred to as “Domain Name 2”.

     

    Section
      1 - Purpose

     

    The
      Contributor agrees to contribute Domain Name 2, of which it is the holder,
      in favour of the Beneficiary Corporation who accepts it.

     

    This
      contribution is agreed upon and accepted pursuant to the representations and
      warranties given in Section 2 hereunder.

     

    Section
      2 - Representations and Warranties

     

    The
      Contributor expressly represents and warrants that it has full and complete
      ownership of Domain Name 2 and that it has validly been granted all of the
      rights required for the purposes of transferring full and complete ownership
      of
      Domain Name 2 to the Beneficiary Corporation.

     

    The
      Contributor expressly represents that said Domain Name 2 is freely
      transferable, and in particular that it has not been subject to any encumbrances
      (or pledges) or any transfer or operating license.

     

    The
      Contributor represents that Domain Name 2 has not been and is not presently
      subject to any litigation and that the Contributor has always had peaceful
      enjoyment thereof up to the date of the completion of the
      contribution.

     

    With
      respect thereto, no dispute, action, proceeding, demand or claim of any nature
      whatsoever concerning Domain Name 2 has been instituted or is about to be
      instituted against the Contributor or against another person whose actions
      would
      likely result in the liability of the Contributor.

     

    The
      Contributor warrants to the Beneficiary Corporation that all of the documents
      and information relating to Domain Name 2 in its possession on the date of
      the completion of the contribution will be handed over.

     

    Section
      3 - Repercussions of the Contribution

     

    The
      Parties agree that the ownership of as well as all of the risks related to
      Domain Name 2 will be contributed in favour of the Beneficiary Corporation
      as of the date of the completion of the contribution.

     

    As
      of the
      completion of the present contribution, the Beneficiary Corporation shall have
      full and complete ownership of Domain Name 2, and may freely dispose
      thereof, use it at its discretion, maintain it in effect or allow it to
      lapse.

     

    The
      Beneficiary Corporation will assume any renewal expenses with respect to Domain
      Name 2 as of the date of completion of the contribution insofar as it
      wishes to maintain it in effect.

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    Section
      4 - Registration Formalities with the Registrar

     

    The
      Beneficiary Corporation will make a point of, and will have the exclusive
      responsibility for, carrying out all administrative formalities regarding the
      transfer of Domain Name 2 and the registration of this agreement with the
      Registrar as well as paying all of the expenses relating thereto.

     

    The
      Contributor agrees to provide aid, support and assistance, to make all necessary
      disclosures and to sign all of documents required to undertake the
      administrative formalities relating to the transfer of Domain Name 2 and
      the registration of this contribution by the Beneficiary Corporation with the
      Registrar.

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    Title
      F

     

    Clauses
      Relating to the Remuneration

    by
      the Beneficiary Corporation for the Various Contributions

     

    Section
      1 - Evaluation of the Various Contributions

     

    The
      Parties acknowledge that it is especially difficult to evaluate with accuracy
      the unit value of each of the contributed assets inasmuch as each asset, when
      taken individually, loses much of its value. Accordingly, the evaluations set
      forth hereunder are those established after full argument, taking into account
      the elements in their entiretywhich constitute a coherent whole.

     

    A
      - Contribution of Business Enterprise

     

    The
      present contribution was agreed upon and accepted for the aggregate lump sum
      of
      372,969.88 euros, allocated as follows:

    
      	
            	
              ·

            	
              for
                the intangible assets                61,500.00
                euros,

            

    

    
      	
            	
              ·

            	
              for
                the tangible assets (including inventory)    311,469.88
                euros.

            

    

     

    B
      - Contribution of French Patent No 0011090

     

    The
      present contribution was agreed upon and accepted for an amount of
      53,000 euros.

     

    C
      - Contribution of Patents Subject to the Priority of French Patent
      No 00 11090

     

    The
      present contribution was agreed upon and accepted for an amount of
      230,000 euros.

     

    D
      - Contribution of Trademarks by COLBERT FONCIER (Title D,
      Chapter 1)

     

    The
      present contribution was agreed upon and accepted for an amount of
      20.000 euros per trademark for the trademarks that have been used or that
      started to be used, and a lump sum estimated at 1,500 euros per trademark
      for the other trademarks.

     

    The
      trademarks that have not been used are the following:

    
      	 	
              
                ·

              

            	
              ICE
                ROCKS No 00 3 048 781, verbal trademark, registered,
                filed on August 29, 2000 in classes 21, 30 and 32 in
                France.

            

    

    
      	 	
              
                ·

              

            	
              ICE
                ROCKS No 755 976, international trademark, verbal, registered,
                filed on February 28, 2001 subject to the priority of the French
                filing on August 29, 2000, in classes 21, 30 and 32, for
                Switzerland, Germany, Spain, United Kingdom, Italy, Portugal and
                Benelux.

            

    

     

    The
      total
      amount for the trademarks that have been used or that started to be used is
      therefor 40,000 euros.

     

    The
      trademarks that have not been used are the following:

     

    
      	 	
              
                ·

              

            	
              ICE
                ROCKS No 2634389, verbal trademark registered on February 28,
                2001 and filed on October 15, 2002 in classes 21, 30 and 32 in
                the United States.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ICE No 00 3 048 782, verbal trademark, registered,
                filed on August 29, 2000 in classes 21, 30 and 32 in
                France.

            

    

    
      	 	
              
                ·

              

            	
              ICE
                KIDS No 02 3 161 775, verbal trademark, registered,
                filed on April 26, 2002 in classes 21, 30 and 32 in
                France.

            

    

    
      	 	
              
                ·

              

            	
              GLACONS
                DE SOURCE No 00 3 048 779, semi-figurative trademark,
                registered, filed on August 29, 2000 in classes 21, 30 and 32 in
                France.

            

    

     

    The
      total
      amount for the trademarks that have not been used or for which use has not
      started is therefor 6.000 euros.

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

    E
      - Contribution of Trademarks by ICE ROCKS PARTICIPATIONS (Title D,
      Chapter 2)

     

    The
      present contribution has been agreed and accepted for an amount of
      20.000 euros per trademark for the trademarks that have been used or which
      are started to be used and a lump sum estimated at 1,500 euros per
      trademark for the other trademarks.

     

    The
      other
      trademarks that are in use are the following:

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 357 707, Community trademark, verbal, registered, filed
                on January 29, 1997 in classes 11, 21, 30 and
                32.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 422 92 10, verbal trademark, registered on
                January 14, 1999 and filed on September 20, 1996 in
                class 32 in Japan.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 1 334 606, verbal trademark, renewed, filed on
                October 17, 1975 in class 32 in the United
                Kingdom.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 702 719, verbal trademark, registered, filed on
                February 16, 1996 in class 30 in
                Australia.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 702 207, verbal trademark, registered, filed on
                February 23, 1996 in class 32 in
                Australia.

            

    

     

    The
      total
      amount for the trademarks in use or which are starting to be used is therefor
      100,000 euros.

     

    The
      trademarks that are not in use are the following:

    
      	 	
              
                ·

              

            	
              ICE
                ROCKS No 1 14225200, verbal trademark, filed on June 4,
                2002 in Canada.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 2273215, verbal trademark, filed on April 16, 1996 and
                registered on August 31, 1999, in class 30 in the United
                States.

            

    

    
      	 	
              
                ·

              

            	
              SCOTCH
                ROCKS No 2223504, verbal trademark filed on April 16, 1996 and
                registered on February 16, 1999 in class 32 in the United
                States.

            

    

    
      	 	
              
                ·

              

            	
              HIGHLAND
                ROCKS No 1334606, Community trademark, verbal, registered, filed on
                August 24, 1999 in classes 11, 21, 30 and
                32.

            

    

    
      	 	
              
                ·

              

            	
              DES
                GLACONS À L’ÉTAT PUR No 02 3 188 782, semi-figurative
                trademark, filed on October 9, 2002 and registered, in
                classes 21, 30 and 32 in
                France.

            

    

    
      	 	
              
                ·

              

            	
              ICE
                ROCKS PURE SEALED ICE CUBES No 02 3 188 782,
                semi-figurative trademark filed on April 13, 2001, registered, in
                classes 21, 30 and 32 in
                France.

            

    

     

    The
      total
      amount for the trademarks that have not been used or for which use has not
      started is therefor 9,000 euros.

     

    F
      - Contribution of a Domain Name by ICE ROCKS PARTICIPATIONS (Title E,
      Chapter 1)

     

    The
      present contribution was agreed upon and accepted for an amount of
      1,555.80 euros.

     

    G
      - Contribution of a Domain Name by Mr. LACAN (Title E,
      Chapter 2)

     

    The
      present contribution was agreed upon and accepted for an amount of
      500 euros.

     

    Article
      2 - Remuneration for the Various Contributions

     

    At
      the
      date of completion, the various contributions will be remunerated by the
      issuance, in favour of each of the Contributors, of treasury shares to be issued
      after the completion of an increase in capital as a result of the issuance
      of
      common shares in favour of each Contributor, thereby granting them an interest
      in the share capital of the Beneficiary Corporation.

     

    Such
      shares will be issued at a price of $0.20 Cdn per share.

     

    Based
      on
      this calculation, the Parties agree that the valuations retained in euros will
      be converted into Canadian dollars on the basis of 1 euro =
      $1.60245 Cdn, which corresponds to the rate of exchange in effect on the
      day of the completion of the contributions.

     

    Accordingly,
      the exchange value in Canadian dollars for all of the contributions amounts
      to
      $1,302,833 Cdn.

     

    Consequently,
      the number of corresponding shares amounts to 6,514,165 treasury
      shares.

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    Therefore,
      the input of the Contributors shall involve an increase in the capital of the
      Beneficiary Corporation by means of a cash amount of $1,302,833 Cdn
      resulting in the issuance of 6,514,165 common shares at a price of
      $0.20 Cdn (the “Increase in Capital”).

     

    The
      allocation of the treasury shares issued pursuant to the present contribution
      breaks down as follows:

    

      
        	
                
                  ICE
                    ROCKS

                

              	 	
                LACAN

              	 	
                ICE
                  ROCKS PARTICIPATIONS

              	 	
                COLBERT
                  FONCIER

              	 	
                LACAN
                  LEDOUX

              
	
                2,988,328

              	 	
                4,006

              	 	
                885,800

              	 	
                793,213

              	 	
                1,842,818

              

      

    

     

    In
      order
      to allow the Parties to fully deal with the consequences of the contributions
      on
      the allocation of the shares among the partners of the Beneficiary Corporation,
      the allocation of the shares of WATER BANK OF AMERICA among its partners, both
      before and after the completion of the Increase of Capital, is set forth in
      Schedule 23.

     

    Article
      3 - Tax Related Declarations

     

    3-1
      - Declarations Relating to Registration

     

    According
      to the provisions of Article 810 I of the Code général des impôts, the
      Beneficiary Corporation will assume exclusively the expenses relating to the
      registration of the contributions.

     

    3-2
      - Certificate of Authenticity

     

    The
      undersigned expressly certify, under penalty of the sanctions enacted pursuant
      to Article 1837 of the Code général des impôts, that this document states
      the full value of the various contributed assets.

     

    3-3
      - Representations of the Beneficiary Corporation Regarding the Subsequent
      Transfer of Movable Investment Property Included in the Present Contribution
      of
      Business Enterprise

     

    According
      to the provisions of Article 261-3, 1o a of the Code général des
      impôts, the Beneficiary Corporation declares as follows:

    
      	
              
                ·

              

            	
              that
                it is in the process of registering a branch office, and that the
                covenants stated hereunder are made by the
                latter;

            

    

    
      	
              
                ·

              

            	
              that
                it agrees to charge the TVA all subsequent transfers of movable investment
                property that is contributed following the conveyance of the universality
                of the Business Enterprise mentioned
                hereinabove;

            

    

    
      	
              
                ·

              

            	
              that
                it also agrees to proceed, when necessary, with any adjustments to
                the TVA
                as provided for in Articles 210 and 215 of Annexe II of the Code
                général des impôts, that could become payable if the Contributor were to
                continue using the movable investment
                property.

            

    

     

    A
      duplicate statement recalling the present covenant will be filed with the
      taxation authorities having authority over the corporation.

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    Title
      G

     

    General
      Provisions

     

    Section
      1 - Date of Completion

     

    The
      contributions described herein will come into effect upon the execution by
      all
      of the Parties to the present contribution agreement. Therefore, the
      transactions involving the contributions will be completed in full upon the
      issuance in favour of the Contributors of the treasury shares in compliance
      with
      the provisions hereof, the said issuance occurring on the same day.

     

    Section
      2 - Right to the Name of MM. Thierry LACAN and Bruno
      LEDOUX

     

    The
      Beneficiary Corporation agrees to refer to the roles of MM. LACAN and
      LEDOUX as founders and promoters of the ICE ROCKS concept in all its advertising
      documents (or documents meant for public consumption) in which there will be
      a
      historical reminder of the concept, the Beneficiary Corporation agreeing to
      use
      its best efforts to provide a historical reminder, even briefly, when
      appropriate, in its non-financial documentation.

     

    Section
      3 - Name Change for ICE ROCKS and ICE ROCKS PARTICIPATIONS

     

    ICE
      ROCKS
      and ICE ROCKS PARTICIPATIONS, as a result of the present contribution of the
      trademark ICE ROCKS and its trade name, have each agreed, within
      eight (8) days from the date of completion of this contribution, to
      call a special general meeting to vote on the changing of their respective
      firm
      names. In addition, MM. Thierry LACAN and Bruno LEDOUX jointly support the
      vote in favour of resolutions to that effect at the meeting of each of the
      corporations.

     

    Section
      4 - Non-competition

     

    The
      Parties subscribe to the mutual non-competition covenants described hereunder
      for a period of five (5) years after the completion of the
      contribution and with respect to the following jurisdictions: the entire
      world.

     

    The
      Contributors will individually refrain (i) from taking an interest,
      directly or indirectly, in any manner whatsoever, including a participation
      in a
      third party company (other than WATER BANK OF AMERICA, its parent companies,
      daughter companies or sister companies) by means of a lease management or any
      other form of partnership regarding the manufacturing and packaging of ice
      cubes
      as well as the exploitation for valuable consideration or free of charge of
      such
      processes, (ii) from soliciting and/or entering business relations or
      accepting any type of employment whatsoever with any supplier or distributor
      (past or present) or customer of ICE ROCKS and/or ICE ROCKS PARTICIPATIONS,
      and
      (iii) finally, from soliciting any employee whatsoever (past or present) of
      ICE ROCKS and/or ICE ROCKS PARTICIPATIONS.

     

    Section
      5 - Sanctions

     

    If
      one or
      more of the Contributors were to breach any of their obligations prescribed
      hereunder, including any representation made or any warranty given and if after
      having received a notice of demand with respect thereto and if the situation
      is
      not remedied fifteen (15) days thereafter, it is expressly agreed that
      the Beneficiary Corporation shall be entitled, as a protective measure, to
      immediately suspend the voting rights and the rights to any dividends on the
      shares held by the infringing Contributor.

     

    Section
      6 - Waiver

     

    The
      fact
      that one of the Parties hereto does not avail itself of any right whatsoever
      hereunder shall in no way be considered as a waiver by such Party to such
      right.

     

    Section
      7 - Notice

     

    Unless
      otherwise specified, any notice or communication given hereunder shall only
      be
      in effect if given in writing and sent by registered letter with acknowledgement
      of receipt, or by fax (the fax to be confirmed on the same day by registered
      letter with acknowledgement of receipt), or given in person with written
      acknowledgment of receipt at the addresses mentioned in the recitals hereto,
      or
      at any new address subsequently given by a Party as described hereinabove with
      respect thereto.

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

    The
      date
      of receipt of a notice will be the date of the receipt (or presentation) of
      the
      written acknowledgment of receipt, or of the registered letter with
      acknowledgement of receipt.

     

    Section
      8 - Schedules - Amendments - Interpretation

     

    Each
      of
      the Schedules is an integral part of this agreement and all amendments to this
      agreement shall be made by means of a written instrument signed by the
      Parties.

     

    In
      the
      event that any of the provisions of this agreement should become or should
      be
      declared null, unenforceable, void, illegal or generally inapplicable, the
      validity of the other provisions shall not be affected and this agreement shall
      be signed by the Parties by substituting the inapplicable provision with another
      legal and appropriate provision in compliance with the intentions of the
      Parties.

     

    Section
      9 - Confidentiality

     

    Except
      when required or obliged by law or for judicial or administrative reasons,
      the
      Parties hereto agree that they shall rigorously respect the confidential nature
      of the provisions of this agreement and any information disclosed during prior
      negotiations with respect to all third parties.

     

    Section
      10 - Exhaustive Nature of the Agreement

     

    The
      present agreement states the entirety of the obligations of the Parties and
      therefor supersedes all instruments, correspondence, discussions, negotiations
      and prior agreements entered into between the Parties and concerning the same
      purposes.

     

    Any
      amendment to this agreement shall be made by means of a rider signed by the
      duly
      qualified representatives of the Parties.

     

    Section
      11 - Entire Agreement

     

    This
      agreement states the entire agreement between the Parties with respect to its
      subject matter. The present agreement may only be amended by means of a rider
      in
      writing and signed by the Parties.

     

    Section
      12 - Contradictions

     

    The
      headings of the sections of this agreement have been included solely for
      convenience and to facilitate references thereto and will not be in
      contradiction with the provisions contained in the sections. Thus, the headings
      are only given for reference purposes. In the event of any contradiction between
      the headings and the content, the content will prevail.

     

    Section
      13 - Severability of the Provisions

     

    If
      one or
      more of the provisions hereof are held to be invalid or are declared as such
      pursuant to a law, a regulation or as a result of a judicial decision becoming
      final, the other provisions will remain in effect unless one of the Parties
      can
      demonstrate that the nullified provision was an essential and material condition
      without which the Parties would not have signed the agreement.

     

    Section
      14 - Choice of Domicile

     

    For
      the
      execution hereof, the Parties have elected domicile in their respective
      registered offices mentioned hereinabove.

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

     

    Section
      15 - Formalities

     

    All
      powers are conferred upon a holder of an original of this agreement to demand
      or
      undertake all formalities, registration, publication, mention, wherever and
      whenever with any administrative body where such measures are deemed
      necessary.

     

    Section
      16 - Governing Law - Jurisdiction

     

    This
      agreement will be interpreted and governed according to the laws in effect
      in
      the Province of Quebec.

     

    In
      the
      event of litigation regarding the establishment, interpretation and/or execution
      of this agreement and after attempts have been made to reach an amicable
      arrangement, a competent court in Montreal will have express jurisdiction with
      respect thereto, notwithstanding the plurality of the defendants or the guaranty
      of a right of appeal even with respect to emergency procedures or protective
      proceedings in chamber, with expert testimony or by petition.

     

    Made
      in
      Paris,

    April
      8,
      2004.

     

    In
      twelve (12) copies, one (1) for the tax-related formalities
      regarding registration, three (3) for the filings with the registry of
      the Tribunal de Commerce and one (1) for each Party, one (1) for the
      publication formalities in the Registre national des brevets maintained by
      l’Institut national de la propriété industrielle, one (1) for the
      publication formalities in the Registre national des marques maintained by
      l’Institut national de la propriété industrielle.

     

    
      	
              For
                ICE ROCKS

              Mr. Thierry
                LACAN,

              Sole
                Managing Director,

              Signature:

               

              (signed)

            	 	
              For
                ICE ROCKS PARTICIPATIONS

              Mr.
                Thierry LACAN,

              Manager,

              Signature:

               

              (signed)

               

               

            
	 	 	 
	
              For
                COLBERT FONCIER

              M.
                Bruno LEDOUX

              Manager,

              Signature:

               

              (signed)

               

               

            	 	
              For
                WATER BANK OF AMERICA INC.

              Mr.
                Michel P. PELLETIER,

              Mandated
                for this purpose,

              Signature:

               

              (signed)

            
	 	 	 
	
              Mr.
                Bruno LEDOUX

              Signature:

               

              (signed)

               

               

            	 	
              Mr.
                Thierry LACAN

              Signature:

               

              (signed)

               

            

    

    

    
      
        
        

      

      
        29EXHIBIT
      10.2

    

    TRANSLATION
      FOR CONVENIENCE ONLY - NOT LEGALLY BINDING

    

     

    [TRANSLATION]

     

    
      ASSISTANCE
        AGREEMENT

    

     

    BETWEEN:

     

    EAU
      DE SOURCE VITA (2000) INC.,

    a
      company
      duly incorporated pursuant to Part 1A of the Companies
      Act
      of the
      Province of Quebec, Canada, with its registered office at 1335, Montée Paiement
      in the City of Gatineau, Province of Quebec, J8T 4Y6, intervening in this
      document as the joint and co-debtor of Water Bank of America,

    represented
      by Mr. Michel P. Pelletier, as President, duly authorized
      pursuant to a resolution of its board of directors passed at a meeting held
      on
      April 8, 2004, a copy of which is annexed hereto after having been
      acknowledged as authentic and signed for identification purposes by the
      representative before Me Jean-François Delage, notary.

     

    Party
      of the First Part,

     

    Hereinafter
      referred to as the “Beneficiary”,

     

    And:

     

    WATER
      BANK OF AMERICA INC.,

    a
      corporation incorporated under Canadian law pursuant to the Canada
      Business Corporations Act,
      with
      its registered office at 100 des Sommets Avenue, Suite 1603, Verdun,
      Quebec, Canada H3E 1Z8, 

    registration
      number 1160910676, 

    represented
      by Mr. Michel P. Pelletier, duly authorized for the purposes
      thereof,

     

    Party
      of the Second Part,

     

    Hereinafter
      referred to as the “Joint
      and Co-debtor”,

     

    And:

     

    ICE
      ROCKS,

    a
      joint-stock company with a board of directors and a declared capital of 40,000
      Euros, with its registered office at 5 de Tilsitt Street, 75008 Paris,
      registered with the Registre du Commerce et des Sociétés de Paris, under number
      B 434 300 885,

    represented
      by Mr. Lacan, sole managing director, duly qualified for this
      purpose,

    
       

      Hereinafter
        referred to as “Ice
        Rocks”
or
        the
“Provider”,

       

      Hereinafter
        collectively referred to as the “Parties”
or
        individually as a “Party”;

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    THE
      PARTIES PREVIOUSLY STATED AND REPRESENTED AS FOLLOWS:

     

    EAU
      DE
      SOURCE VITA (2000) INC., a corporation incorporated under Canadian law and
      WATER
      BANK OF AMERICA are both specialized in the business of spring
      water.

     

    The
      Beneficiary decided to extend its business to the manufacturing, production,
      merchandising and marketing of secure water modules (ready for freezing and
      hermetically sealed), particularly in Europe.

     

    The
      Beneficiary wishes to benefit from the Provider’s knowledge and expertise with
      respect to commercial strategy and development in Europe, and with respect
      to
      contacts searches in the area of accumulating spring water and the distribution
      of secured water modules, in particular from the French corporation
      SOFABO.

     

    WATER
      BANK OF AMERICA is considering entering into an eventual active partnership
      with
      SOFABO, as the case may be, with an equity participation in a common
      corporation, as discussed in more detail between the parties, the whole to
      the
      mutual satisfaction of the Beneficiary and SOFABO.

     

    EAU
      DE
      SOURCE VITA (2000) INC. is held entirely by WATER BANK OF AMERICA and owns
      an
      immoveable property known as the “Source”, which can be used to secure its
      obligations.

     

    The
      provisions of services, which are the subject matter hereof, began on
      December 1, 2003 pursuant to an agreement between the Parties, and were
      subject to understandings that, given the prorogation of the mandate, should
      be
      part of the present agreement.

     

    Thus,
      the
      Parties have come together to define and agree upon the terms and conditions
      of
      their collaboration with respect to this Assistance Agreement.

     

    THEREFORE,
      THE PARTIES AGREE AS FOLLOWS:

     

    Section
      1 -  Purpose
      of the Agreement

     

    ICE
      ROCKS
      hereby undertakes, as an obligation of means, to provide the Beneficiary with
      the following assistance and services for France and Europe:

     

    
      
        	·	
                Assistance
                  with respect to the desired coming together between the Beneficiary
                  and/or
                  WATER BANK OF AMERICA and SOFABO, and any other partners with respect
                  to
                  its project of accumulating spring
                  water;

              

      

       

      
        	·	
                A
                  study and follow-up of a commercial cooperation project between
                  the
                  Beneficiary and/or WATER BANK OF AMERICA and independent sources
                  in
                  France, such as SOFABO/M.VILAIN in view of negotiating production
                  contracts and/or distribution contracts for spring
                  water;

              

      

       

      
        
          
          

        

        
          2
            of 16

          
            

          

        

        
          
          

        

      

       

      
        	·	
                Advice
                  on commercial planning and appropriate formats for merchandising
                  activities of the Beneficiary and/or WATER BANK OF
                  AMERICA;

              

      

       

      
        	·	
                Studies
                  of desirable promotional or advertising initiatives and recommendations
                  regarding their implementation;

              

      

       

      
        	·	
                Advice
                  and recommendations regarding the rationalisation of the line of
                  products
                  and services manufactured and distributed by the Beneficiary and/or
                  WATER
                  BANK OF AMERICA.

              

      

       

    

    Section
      2 -  Obligations
      of the Corporation Receiving the Services

     

    The
      Beneficiary of the services described in Section 1 hereinabove expressly
      undertakes to provide the Provider during the entire term of this agreement,
      and
      at its request, all of the information, documents and assistance reasonably
      required to allow it to carry out the purpose of the agreement, and to ensure,
      under proper conditions, the provision of said services. 

     

    Section
      3 -  Term
      of Agreement

     

    This
      agreement is entered into on this date, with retroactive effect to
      December 1, 2003, for a fixed term expiring on November 30,
      2004.

     

    In
      no
      event shall it be renewed by tacit renewal. Consequently, the Parties are
      therefore free, at the end of the term, to renegotiate a new contract if they
      so
      desire.

     

    Section
      4 -  Remuneration
      for Services Rendered by the Provider

     

    In
      consideration of the services mentioned in Section 1 hereinabove, ICE
      ROCKS, the Provider, shall be entitled to receive an aggregate net definitive
      lump sum remuneration equal to 600,000 Euros, namely 350,000 Euros for the
      past
      period from December 1, 2003 to March 31, 2004, payable as
      follows:

     

    
      	 	
              ·

            	
              With
                respect to billing up to March 31,
                2004:

            

    

     

    
      	 	
              
                
                  ·

                

              

            	
              100,000
                Euros no later than May 22, 2004 (hereinafter referred to as the
                “First
                Payment”);

            

    

     

    
      	 	
              
                
                  ·

                

              

            	
              250,000
                Euros no later than June 23, 2004 (hereinafter referred to as the
                “Second
                Payment”);

            

    

     

    
      	 	
              ·

            	
              With
                respect to services to be rendered between April 1, 2004 and
                October 31, 2004 (250,000
                Euros):

            

    

     

    
      	 	
              
                ·

              

            	
              250,000
                Euros payable upon receipt of invoice, no later than December 31,
                2004.

            

    

     

    
      
        
        

      

      
        3
          of 16

        
          

        

      

      
        
        

      

    

     

    Such
      lump
      sum amounts include all current expenses incurred by the Provider with respect
      to the performance of this agreement and the services defined in Section 1
      hereinabove (including travel expenses, short-term living expenses and hotel
      expenses).

     

    As
      the
      above-mentioned services are provided to a Canadian beneficiary, the
      remuneration will not be subject to the TVA in France.

     

    Moreover,
      if the eventual collaboration between SOFABO/M. VILAIN were to result in
      equity participations in any affiliates or associates of WATER BANK OF AMERICA,
      the Beneficiary undertakes to immediately settle with the Provider any of the
      invoices already sent with respect hereto.

     

    Section
      5 -  Interest
      on Late Payment

     

    Any
      invoice unpaid upon the final date as provided shall bear interest at the legal
      rate of interest, plus 500 base points on the unpaid amounts as of the first
      day
      of the late payment, without the present clause implicitly being interpreted
      as
      a delay in payment.

     

    Section
      6 -  Surety

     

    To
      guarantee the payment in full of all of the amounts owed to the Provider of
      services hereunder, with respect to the principal, interest and any related
      amounts, the Beneficiary grants the Provider a floating hypothec for a maximum
      amount of 350 000 Euros (which amount is the equivalent in Canadian dollars
      to $560,857.50 CDN), plus twenty-five percent (25%), on the immoveable
      hereinafter designated which it declares owning, according to a copy of the
      deed
      of floating hypothec annexed hereto.

     

    The
      implementation expenses regarding this guarantee will be borne by the
      Beneficiary in accordance with the provisions of the deed of floating hypothec
      annexed hereto.

     

    Section
      7 -  Confidentiality

     

    The
      Provider undertakes to maintain as strictly confidential all of the information
      that will be communicated to it as such by the Beneficiary and/or WATER BANK
      OF
      AMERICA regarding the performance of this agreement, including any trade or
      manufacturing secrets as well as any industrial, commercial or financial
      specifications relating directly or indirectly to the said corporations
      receiving the services as described in Section 1, or regarding such
      services.

     

    Accordingly,
      the Provider shall refrain from disclosing during the entire term of this
      agreement and without any limitation of continuance after its expiry, for any
      reason whatsoever, unless the above-mentioned information has fallen within
      the
      public domain, any of the above-mentioned information in any form whatsoever,
      for any reason whatsoever and to any person whatsoever.

     

    However,
      in the execution of its mandate, the Provider is expressly authorized to
      disclose such information to any official or service provider with whom it
      collaborates, or works side by side with or subcontracts with.

     

    
      
        
        

      

      
        4
          of 16

        
          

        

      

      
        
        

      

    

     

    Section
      8 -  Jurisdiction

     

    Any
      litigation resulting from this agreement, including its execution, validity,
      interpretation, performance or breach shall be submitted to the jurisdiction
      of
      the courts in the Judicial District of Montreal.

     

    Section
      9 -  Governing
      Laws

     

    As
      expressly agreed upon between the Parties, this agreement is subject to the
      laws
      applicable in the Province of Quebec.

     

    Section
      10 -  Miscellaneous

     

    10.0 - Preamble

     

    The
      pramble hereinabove is an integral and essential part of this
      memorandum.

     

    10.1 - Notice

     

    Any
      notice for the purposes of this memorandum shall be sent by registered letter
      with acknowledgement of receipt at the address of the concerned Party or Parties
      as mentioned in the preamble.

     

    In
      the
      event of a change of address of either of the Parties, such Parties shall give
      a
      notice of their new address to the other Parties. Failing such, any notice
      sent
      to the address mentioned in the first page hereof would be enforceable with
      respect to such Parties.

     

    Made
      in
      Paris

     

    April
      8,
      2004

     

    In
      three
      original copies, namely an original for each party.

     

    
      	
              (signed)

              EAU
                DE SOURCE VITAL (2000) INC.

              Represented
                by Mr. Michel P. Pelletier

            	
              (signed)

              ICE
                ROCKS SA

              Represented
                by Mr. Thierry Lacan

            
	 	 
	
              (signed)

              WATER
                BANK OF AMERICA

              Represented
                by Mr. Michel P. Pelletier

            	 

    

    

    
      
        
        

      

      
        5
          of 16

        
          

        

      

      
        
        

      

    

     

    Schedule
      : Deed of Floating Hypothec 

     

    
      
        
        

      

      
        6
          of 16

        
          

        

      

      
        
        

      

    

     

    IN
      THE
      YEAR 2004, on

     

    BEFORE
      Me
      Jean-François Delage,

    notary
      in
      Montreal, Province of Quebec

     

    APPEARED:

     

    ICE
      ROCKS,
      a
      joint-stock company with a board of directors and a declared capital of 40,000
      Euros, with its registered office at 5, de Tilsitt Street 75008 Paris,
      registered with the Registre du Commerce et des Sociétés de Paris under number
      B434 300 885, acting herein through Mr. Thierry LACAN, its sole
      managing director, duly authorized for the purposes hereof, pursuant to ....... of
      the special annual meeting, adopted on ......, himself represented by ......, as its
      appears from a delegation of authority to this effect dated ......, a certified copy
      of these documents annexed hereto after having been acknowledged as authentic
      and signed for identification purposes by the representative before the
      undersigned notary.

     

    Notice
      of
      address registered with the Registry Office for the land division of Hull under
      number ......,

     

    Hereinafter
      referred to as the “CREDITOR”

     

    AND

     

    EAU
      DE SOURCE VITA (2000) INC.,
      a
      company duly incorporated pursuant to Part 1A of the Companies
      Act
      of the
      Province of Quebec, with its registered office at 1335, Montée Paiement, in the
      City of Gatineau, Province of Quebec, J8T 4Y6, acting herein through ...... its
......, duly authorized pursuant to a resolution of its board of directors passed
      at
      a meeting held on ...... two thousand and four (2004), a copy of which is annexed
      hereto after having been acknowledged as authentic and signed for identification
      purposes by the representative before the undersigned notary,

     

    Hereinafter
      referred to as the “DEBTOR”;

     

    WHO,
      previously to the agreements contemplated herein, declared as
      follows:

     

    1. The
      Debtor has retained the services of the Creditor as a consultant to lend
      assistance as a consultant, as it appears from an Assistance Agreement entered
      into for this purpose between the parties on April 8, 2004 (hereinafter
      referred to as the “Agreement”), of which the parties hereto declare having a
      good knowledge of;

     

    2. With
      this
      end in view, the parties have agreed on an aggregate global lump sum
      remuneration of 600,000 Euros.

     

    
      
        
        

      

      
        7
          of 16

        
          

        

      

      
        
        

      

    

     

    3. The
      Creditor has required from the Debtor a floating immovable hypothec on an
      immovable located in the Province of Quebec, Canada, in order to guarantee
      all
      of the sums owed to it by the Debtor.

     

    4. The
      Debtor is the owner of the immovable property hereinafter designated and
      [bottom
      line of page cut off]

     

    THIS
      HAVING BEEN DECLARED, the parties agree as follows:

     

    
      
        
          	
                	6	
                  FLOATING
                    HYPOTHEC

                

        

      

    

     

    To
      guarantee by hypothec the payment of the amounts owed pursuant to the Assistance
      Agreement by the Debtor to the Creditor as well as the satisfaction of the
      obligations contracted by the Debtor in favour of the Creditor, the Debtor
      grants a floating hypothec in favour of the Creditor for a maximum amount of
      $560,857.50 and all the interest on this amount calculated at the rate of
      twenty-five percent (25%), the immovable designated as follows:

     

    DESIGNATION

     

    A
      parcel
      of land of rectangular form located on a PORTION of original lot number
TWENTY-THREE
      B (Portion 23B) of Rang Cinq (Rg 5),
      according to the official plan and reference book for the Township of Templeton,
      land division of Hull, described in greater details as follows:

     

    Starting
      from a point indicated by the number “1”, which point consisting of the
      north-east corner of lot 23B-208, proceeding from there over a distance of
      one
      hundred four meters and ninety-three hundredths (104,93 m) measured in a
      direction of one hundred and twenty-eight degrees, twenty-five minutes and
      four
      seconds (128°25’04’’).

     

    Starting
      at point “2”, over a distance of one hundred three meters and nine hundredths
      (103.09 m), measured in a direction of one hundred and seventy-nine
      degrees, fifty-three minutes and twenty-four seconds (179°53’24’’) along the
      western border of Montée Paiement up to point “3”.

     

    From
      point “3”, over a distance of forty-eight meters and fifty hundredths
      (48.50 m), measured in a direction of two hundred sixty-nine degrees,
      fifty-three minutes and twenty-four seconds (269°53’24’’) up to point
“4”.

     

    From
      point “4”, over a distance of one hundred three meters and nine hundredths
      (103,09 m), measured in a direction of three hundred fifty-nine degrees,
      fifty-three minutes and twenty-four seconds (359°53’24’’) up to point
“5”.

     

    From
      point “5”. over a distance of forty-eight meters and fifty hundredths
      (48,50 m), measured in a direction of eighty-nine degrees, fifty-three
      minutes and twenty-four seconds (89°53’24’’) up to point “2”, the starting
      point.

     

    
      
        
        

      

      
        8
          of 16

        
          

        

      

      
        
        

      

    

     

    The
      said
      parcel of land is limited towards the north, the south and the west by a portion
      of lot 23B, towards the east by Montée Paiement (a portion of lot 23B) and has
      an area of five thousand square meters (5,000 m2).

     

    The
      whole
      as it appears from a technical description and plan prepared by
      Marc Fournier, land surveyor, dated the twenty-seventh (27th)
      of
      February one thousand nine hundred ninety-eight (1998) under number 4857-F
      of
      his minutes, a photocopy of which is annexed hereto after having been
      acknowledged as authentic and signed by the parties before the undersigned
      notary.

     

    Hereinafter
      referred to as the “Immovable”;

     

    With
      all
      of the materials that are or will be incorporated, attached, jointed or united
      by accession to this Immovable and which are considered as an Immovable by
      law.

     

    This
      hypothec also applies, as mentioned hereinafter, to all of the rents, present
      and future, resulting from the rental of all or any portion thereof as well
      as
      the insurance benefits payable pursuant to all insurance policies covering
      such
      rents.

     

    
      
        
          
            	
                  	7	
                    INSURANCE

                  

          

        

      

    

     

    The
      Debtor undertakes to insure against fire and all other risks and losses usually
      covered, all buildings that are or will be affected by this hypothec for a
      maximum consisting of their full replacement value, or, with the consent of
      the
      Creditor, for a maximum amount that shall at no time be less than the amount
      of
      the debt as well as the amount of any other sums secured by a higher ranking
      hypothec or a priority on the Immovable.

     

    The
      Debtor hereby undertakes to have inserted in such insurance policies, as
      mandatary for the Creditor, a hypothecary clause in favour of the Creditor,
      to
      reveal to the insurer the hypothecary rights of the latter, to deliver to the
      Creditor such policies which shall contain the clauses usually stipulated in
      policies covering the same type of risks, to maintain such policies in effect
      until full payment and to provide the Creditor, at least fifteen (15) days
      before the expiry thereof, with the receipts regarding their
      renewal.

     

    In
      the
      event of a failure by the Debtor to comply with these various obligations,
      the
      Creditor, subject to other recourses that it may have, may subscribe on behalf
      of the Debtor to any new insurance policies and demand the immediate
      reimbursement of the premiums, with interest as of the day of payment, at the
      rate stipulated hereinabove. The Creditor may also, at the expense of the
      Debtor, give notice of this hypothec to any concerned insurance company that
      might not have been informed thereof, a copy or an excerpt thereof serving
      as
      such notice if necessary.

     

    
      
        
        

      

      
        9
          of 16

        
          

        

      

      
        
        

      

    

     

    The
      Debtor shall immediately notify the Creditor of any sinister and shall not
      undertake any repair or restoration work before the latter has examined the
      premises and approved the planned work. All insurance benefits shall be paid
      directly to the Creditor up to the maximum amount of its loan. Notwithstanding
      any law, usage or custom to the contrary, the Creditor may allocate the said
      benefits to the payment of its loan or remit them, in whole or in part, to
      the
      Debtor so as to allow the Debtor to rebuild or repair the Immovable, without
      in
      either case diminishing or affecting its hypothec or other rights in any manner
      whatsoever, with the exception of the signing of a notarized acquittance
      evidencing the reduction of the present loan. 

     

    
      
        
          	
                	8	
                  ADDITIONAL
                    HYPOTHEC

                

        

      

    

     

    To
      ensure
      the payment of any sum of money not secured by the principal hypothec created
      hereinabove, including any interest accrued beyond the three (3) years plus
      the
      current year, the interest on interests as well as [Bottom
      line of page cut off]
      TWENTY
      PERCENT (20%)
      of the
      original amount of the present loan is created by the Debtor with respect to
      the
      Immovable.

     

    
      
        
          	
                	9	
                  HYPOTHEC
                    ON RENTS

                

        

      

    

     

    To
      furthermore secure its obligations, the Debtor hereby grants a hypothec, up
      to a
      maximum of the same amount and for the same purposes as those mentioned under
      the heading “HYPOTHEC” hereinabove, on all present and future rents resulting
      from the rental of the Immovable or a portion thereof, as well the insurance
      benefits payable pursuant to all insurance policies covering such rents
      presently, or as the case may be, in the future.

     

    The
      Debtor undertakes to handover to the Creditor, upon request, all of the leases
      concerning the Immovable as well as all insurance policies covering such
      rents.

     

    As
      long
      as the Debtor is not in default and the Creditor has not notified the Debtor
      of
      its intention to collect the rents, the Creditor authorizes the Debtor to
      continue to collect the rents upon their due date.

     

    In
      the
      event of default, the Creditor may, subject to its other rights and recourses,
      exercise this hypothec by serving notice to the tenants and by informing the
      Debtor and the tenants of its intention to avail itself thereof. It may renew
      the leases or grant new leases in the name of the Debtor according to conditions
      it deems suitable. The rents collected shall be used, at its discretion, to
      pay
      a five percent (5%) commission on gross revenues as administration fees, to
      pay
      the interest on its loan, as well as the taxes, capital payments, repair costs
      and other expenses, the whole without any of its rights or hypothecs being
      diminished or affected in any manner whatsoever, with the exception of the
      signing of a notarized acquittance evidencing the reduction of the present
      loan.
      The Debtor shall ratify in advance the administrative measures of the Creditor
      and accepts the statements submitted by the Creditor as being the equivalent
      to
      an accountability report. The Creditor shall in no way be responsible for any
      loss or other damage incurred as a result of its administration.

     

    
      
        
        

      

      
        10
          of 16

        
          

        

      

      
        
        

      

    

     

    
      
        
          	
                	10	
                  CHARGES
                    AND CONDITIONS

                

        

      

    

     

    1. EXPENSES

     

    The
      Debtor shall pay the expenses and fees hereof, the fees for the surveying,
      evaluation and inspection of the Immovable, the publication fees and all other
      disbursements, including those relating to any renewal, notice, hypothec,
      waiver, cession of rank, acquittance or discharge relating thereto. The Creditor
      is authorized to hold, on the proceeds of the loan, any and all amounts required
      to pay such expenses.

     

    2. DEFAULT
      BY THE DEBTOR

     

    The
      Debtor shall be in default with respect to any of its obligations provided
      herein if within twenty (20) days of the service of a written notice to this
      effect, it has not remedied the alleged default insofar as, it goes without
      saying, [Bottom
      line of page cut off]..

     

    3. PRIOR
      HYPOTHECS OR CHARGES

     

    As
      long
      as the Creditor has not registered a closing notice in accordance with the
      provisions of the Civil Code of Quebec, the Debtor shall retain the right to
      hypothecate the Immovable provided that it informs the Creditor in writing
      thereof.

     

    4. CANCELLATION
      OF HYPOTHECARY RIGHTS OR PRIOR RIGHTS 

     

    Not
      applicable.

     

    5. PAYMENT
      OF TAXES, LEVIES AND ASSESSMENTS

     

    The
      Debtor undertakes to pay on a regular basis all taxes, levies and assessments,
      whether federal, provincial, municipal or scholastic and whether of a general
      or
      special nature, which may at all times affect and encumber the Immovable in
      priority over the rights of the Creditor and it shall remit to the Creditor,
      as
      the case may be, within thirty (30) days upon arrival of the payment date of
      such taxes, levies or assessments, all of the receipts indicating their payment
      in full, without subrogation in favour of any third parties.

     

    
      
        
        

      

      
        11
          of 16

        
          

        

      

      
        
        

      

    

     

    6. REIMBURSEMENT
      OF SUMS INCURRED BY THE CREDITOR

     

    The
      Debtor shall reimburse the Creditor, on demand, all amounts incurred by the
      latter to pay insurance premiums, taxes, levies, assessments or all other
      expenses resulting from the loan or made to maintain its surety or to ensure
      the
      performance of any obligations of the Debtor, with interest on said amounts
      at
      the rate provided for hereinabove as of the date of their disbursement by the
      Creditor.

     

    7. CONSERVATION
      OF THE IMMOVABLE

     

    The
      Debtor shall maintain in good working order, without changing the purpose
      thereof, the structures erected or to be erected on the Immovable as well as
      all
      of the property that is or will be incorporated therein and attached, joined
      or
      united thereto by accession and which are considered as immovables pursuant
      to
      the law, in a manner so as to not diminish the Creditor’s surety. It shall allow
      the latter to have access thereto at all times in order to examine
      them.

     

    If
      the
      Debtor fails to maintain the Immovable in good working order, to carry out
      the
      necessary repairs after having received a request from the Creditor or if the
      Immovable is left vacant or abandoned, the Creditor may, subject to its other
      rights and recourses, enter the premises to carry out the work required or
      take
      any other appropriate measures, at the expense of the Debtor.

     

    8. ALIENATION
      OF THE IMMOVABLE

     

    The
      Debtor shall not be entitled to sell the Immovable hypothecated hereunder
      without obtaining prior written consent of the Creditor. Failure to meet this
      condition shall lead to automatic default and the Creditor may, at its
      discretion, demand the immediate reimbursement of its loan, both capital and
      interest. The Debtor undertakes, within thirty (30) days following the sale,
      transfer or alienation, to remit to the Creditor a copy of all [Bottom
      line of page cut off]
      regarding the Immovable will assume jointly with the Debtor and as the case
      may
      be, jointly with any co-owner, the payment of this loan and be bound by this
      hypothec as well as by all of the terms and conditions hereof.

     

    9. RENTAL
      OF
      THE IMMOVABLE

     

    The
      Debtor undertakes to not giving prior acquittance of more than one month’s rent,
      nor to lease the Immovable or a part thereof for a rental amount that is
      considerably lower than its rental value, without the written consent of the
      Creditor. 

     

    
      
        
        

      

      
        12
          of 16

        
          

        

      

      
        
        

      

    

     

    10. SURRENDER
      OF DOCUMENTS

     

    The
      Debtor agrees to surrender to the Creditor, if the latter makes a request
      therefor, all of the documents relating to the Immovable. The Creditor may
      keep
      these documents until such time as the present loan is paid in
      full.

     

    
      
        
          
            	
                  	11	
                    REPRESENTATIONSOF
                      THE
                      DEBTOR

                  

          

        

      

    

     

    The
      Debtor makes the following representations, which it certifies as being fully
      authentic and material to the loan, namely:

     

    
      	 	
              a)

            	
              the
                Immovable belongs to it in full ownership and is free of any privilege,
                hypothec, servitude and charge whatsoever, save and accept as follows:
                except for a hypothecary suretyship in favour of 4186486 Canada Inc.
                pursuant to a deed made before Me Jean-François Delage, notary,
                on February sixteen (16) two thousand and four (2004) and published
                with
                the Registry Office for the land division of Hull under number
                11 086 027;

            

    

     

    
      	 	
              b)

            	
              no
                construction, addition, repair, renovation or modification of the
                Immovable is under way presently and the cost of any such work that
                may
                have been done or carried out to the Immovable during the last six
                months
                has been paid in full.;

            

    

     

    
      	 	
              c)

            	
              all
                taxes, levies or assessments, whether municipal or school related,
                levied
                upon the Immovable have been paid;

            

    

     

    
      	 	
              d)

            	
              no
                permanent accessory to the Immovable and in particular no heating,
                ventilation, refrigeration, cleaning and lighting installations,
                no
                elevator or other service regarding the Immovable has been the subject
                of
                a conditional sale contract, a rental contract or a hypothec; any
                such
                accessories are the property of the Debtor and have been paid in
                full and
                those that have not been incorporated in the Immovable so as to become
                an
                integral part thereof have been substantially attached or joined
                to the
                Immovable, as fixtures and are themselves
                immovables;

            

    

     

    
      	 	
              e)

            	
              the
                Immovable and the building erected thereon respect the laws and
                regulations regarding the protection of the environment enacted by
                competent authorities and the Debtor agrees to respect all such laws
                and
                regulations, to inform the Creditor of any notice, order [Bottom
                line of page cut off]
                and the Debtor declares that the Immovable does not contain any materials
                or products that could endanger the environment as well as the health
                of
                the occupants;

            

    

     

    
      	 	
              f)

            	
              the
                Debtor is a business exploiting a spring of water located in the
                City of
                Gatineau, it is a duly incorporated company pursuant to the laws
                of Quebec
                and its name has not undergone any changes since the date of its
                incorporation.

            

    

     

    
      
        
        

      

      
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                	12	
                  DEFAULTS

                

        

      

    

     

    The
      Debtor shall be in default if it or any subsequent owner of the
      Immovable:

     

    
      	 	
              a)

            	
              is
                not in compliance with its obligations pursuant to the insurance
                clause,
                the clauses with respect to the charges and conditions contained
                herein or
                any other clause of this document;

            

    

     

    
      	 	
              b)

            	
              does
                not pay, at their respective due date, each payment of capital or
                interest
                owed pursuant to the Assistance
                Agreement;

            

    

     

    
      	 	
              c)

            	
              assigns
                its property, becomes bankrupt or is in liquidation, becomes insolvent,
                makes a proposal or asserts its rights pursuant to the Companies’
                Creditors Arrangement Act;

            

    

     

    
      	 	
              d)

            	
              does
                not obtain a discharge with respect to any notice of crystallization
                registered by any other creditor of a hypothec against the Immovable
                within twenty (20) days of its registration, unless it is opposing
                in good
                faith the validity thereof and if it provides the Creditor with any
                additional suretyship required by the latter to ensure the protection
                of
                its rights, in which case this obligation shall be suspended until
                the
                final judgment is rendered;

            

    

     

    
      	 	
              e)

            	
              does
                not obtain a discharge with respect to any seizure made against the
                Immovable with respect to the execution of a
                judgment;

            

    

     

    
      	 	
              f)

            	
              does
                not obtain a discharge with respect to any prior notice regarding
                the
                exercise of a hypothecary right or any other right registered against
                the
                Immovable or does not remedy any default pursuant to any other hypothec
                or
                charge related to the Immovable;

            

    

     

    
      	 	
              g)

            	
              makes
                herein a representation that is shown to be false or
                inaccurate.

            

    

     

    In
      the
      event of any default, the Creditor shall, subject to its other rights and
      recourses, have the following rights:

     

    
      	 	
              a)

            	
              to
                demand the immediate payment in full of its loan, with respect to
                capital,
                interest, expenses and accessories;

            

    

     

    
      	 	
              b)

            	
              to
                perform any obligation not honoured by the Debtor, in its place and
                at the
                expense of the latter;

            

    

     

    
      	 	
              c)

            	
              to
                register a notice of crystallization with respect to the
                hypothec;

            

    

     

    
      	 	
              d)

            	
              [Bottom
                line of page cut off]
                regarding the delay provided for the surrender of the property, the
                whole
                in accordance with Articles 2748 and following of the Civil
                Code of Quebec.

            

    

     

    
      
        
          	
                	13	
                  CHOICE
                    OF DOMICILE

                

        

      

    

     

    The
      Debtor, the interveners and the sureties, as the case may be, shall elect
      domicile at their address mentioned herein. If the Creditor cannot reach them
      at
      this address or at the latest address given in writing by such persons, they
      shall elect as domicile the offices of the Clerk of the Superior Court for
      the
      District of Montreal.

     

    
      
        
        

      

      
        14
          of 16

        
          

        

      

      
        
        

      

    

     

    
      	 	
              14

            	
              LIMITATION

            

    

     

    The
      parties hereto expressly acknowledge that the suretyship of the Debtor only
      applies with respect to the hypothec and does not in any way extend to any
      personal obligations in favour of the Creditor.

     

    
      	 	
              15

            	
              INTERPRETATION

            

    

     

    Whenever
      the context requires it, any word in the singular shall also include the plural
      and vice versa, and any word of the masculine gender shall also include the
      feminine gender. In particular, the word “Immovable” when used without any other
      indication in this document shall mean any and all of the immovables hereinabove
      hypothecated and shall include, with respect to each of them, the land, the
      buildings erected thereon or which may be erected thereon, as well as the
      properties that are or may be incorporated, attached, joined or united thereto
      or by accession.

     

    
      	 	
              16

            	
              The
                present deed is governed by the laws of the Province of
                Quebec.

            

    

     

    MADE
      in
      Montreal, under the number 

     

    of
      the
      minutes of the undersigned notary.

     

    AFTER
      HAVING READ THE DOCUMENT,
      the
      parties signed before the undersigned notary.

    
      	 	 	 
	 	
              A
                BODY POLITIC

            
	 
 	 
 	 
 
	
            	by:  	
            
	 	
              

            

    

    
       

      
        	 	 	 
	 	
                EAU
                  DE SOURCE VITA 2000 INC.

              
	 
 	 
 	 
 
	
              	by:  	
              
	 	
                

              

      

      
        
           

          
            	 	 	 
	 
 	  

                    
Me
                    Jean-François Delage,
                    notary
 

          

           

          
            
              
              

            

            
              15
                of 16

              
                

              

            

            
              
              

            

          

        

      

    

     

    TRUE
      COPY, the original of which remains in my office.

     

    
      
        
        

      

      
        16
          of 16

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