Document:

SunOpta Inc. - Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

EXECUTION VERSION

SIXTH AMENDED AND RESTATED CREDIT AGREEMENT

Made as of December 20, 2010

Among

SUNOPTA INC. 
SUNOPTA FOOD GROUP LLC
as
Borrowers 

and

EACH OF THE FINANCIAL INSTITUTIONS 
AND OTHER
ENTITIES FROM TIME TO TIME
PARTIES HERETO 
as Lenders 

and

CERTAIN AFFILIATES OF
THE BORROWERS 
as
Obligors 

and

BANK OF MONTREAL
as Agent 

Table of Contents 

	SECTION 1
      INTERPRETATION 	2 
	         1.1
    	Certain Defined
      Terms 	2 
	         1.2 	Business Day 	36 
	         1.3
      	Conflict.
    	36 
	         1.4 	Currency 	36 
	         1.5
      	References
    	37 
	         1.6 	Quebec References 	37 
	         1.7
      	GAAP 	37 
	         1.8 	Governing Law. 	38 
	         1.9
      	Entire
      Agreement 	38 
	         1.10 	Severability. 	38 
	         1.11
      	Schedules.
    	38 
	  	  	  
	SECTION 2 REPRESENTATIONS
      AND WARRANTIES 	39
    
	         2.1 	Representations, Warranties and Agreements of the
      Obligors. 	39 
	         2.2
      	Deemed
      Repetition 	47 
	  	  	  
	SECTION 3 THE CREDIT
      FACILITIES 	48
    
	         3.1 	Establishment of Credit Facilities 	48 
	         3.2
      	Availability
      of Credit Facilities. 	48 
	         3.3 	Obligations of the Lenders 	50 
	         3.4
      	Revolving
      Nature of Facility A and Facility B 	51 
	         3.5 	Purpose 	51 
	         3.6
      	Initial and
      Maximum Utilization. 	51 
	         3.7 	Borrowing Procedures – General 	52 
	         3.8
      	Libor Loans
      	54 
	         3.9 	Bankers' Acceptances. 	54 
	         3.10
      	Letters of
      Credit and Letters of Guarantee. 	57 
	         3.11 	Hedge Contracts 	61 
	         3.12
      	Prime Loans,
      USBR Loans, US Prime Rate Loans, Overdrafts and Swing B Loans 	63 
	         3.13 	Conversion Option 	63 
	         3.14
      	Conversion and
      Rollover Not Repayment. 	64 
	         3.15 	Mandatory Conversion of Libor Loans and Bankers'
      Acceptances 	64 
	         3.16
      	Deposit of
      Proceeds of Loans and Discount Proceeds 	64 
	         3.17 	Evidence of Obligations 	64 
	         3.18
      	Swing B Loans
      	65 
	         3.19 	Reliance on Oral Instructions 	66 
	         3.20
      	Banking
      Products 	67 
	         3.21 	Accordion 	67 
	  	  	  
	SECTION 4
      INTEREST, FEES AND EXPENSES 	67 
	         4.1
      	Interest on
      Prime Loans and Canadian Overdrafts. 	67 
	         4.2 	Interest on USBR Loans, US Prime Rate Loans, US Overdrafts
      and Swing B Loans.	 68 
	         4.3
      	Interest on
      Libor Loans 	69 
	         4.4 	Fees on Bankers' Acceptances. 	69 

- i - 

	         4.5
      	Fees
      on Letters of Credit and Letters of Guarantee. 	70
      
	         4.6
      	Fees
      on Hedge Contracts. 	70
      
	         4.7
      	Standby
      Fee 	70
      
	         4.8
      	Applicable
      Pricing – Facility A and Facility B 	71
      
	         4.9
      	Applicable
      Pricing – Facility C and Facility D 	71
      
	         4.10
      	Interest
      on Overdue Amounts. 	72
      
	         4.11
      	Interest
      Act 	73
      
	         4.12
      	Limit
      on Rate of Interest 	73
      
	         4.13
      	Substitute
      Basis of Advance – LIBOR Loans 	74
      
	         4.14
      	Indemnity.
      	74
      
	         4.15
      	Breakage
      Costs 	75
      
	         4.16
      	Survival
      of Indemnifications 	75
      
	         4.17
      	Payment
      of Portion. 	75
      
	         4.18
      	Field
      Examination Fees 	76
      
	         4.19
      	Appraisal
      Fees 	76
      
	         4.20
      	Upfront
      Fee. 	76
      
	         4.21
      	Agency
      Fee. 	76
      
	  	  	  
	SECTION
      5 REDUCTION AND REPAYMENT 	76
      
	         5.1
      	Term
      and Maturity. 	76
      
	         5.2
      	Repayment
      of Facilities. 	77
      
	         5.3
      	Mandatory
      Repayment of Facility A – Currency Fluctuations 	79
      
	         5.4
      	Optional
      Prepayment – Facility C and Facility D 	80
      
	         5.5
      	Optional
      Cancellation. 	80
      
	  	  	  
	SECTION
      6 PAYMENTS AND TAXES 	81
      
	         6.1
      	Payments
      Generally. 	81
      
	         6.2
      	Taxes
      	81
      
	         6.3
      	No
      Set-Off 	82
      
	         6.4
      	Application
      of Payments Before Exercise of Rights. 	82
      
	         6.5
      	Application
      of Payments After Exercise of Rights Under Section 10.2 	83
      
	  	  	  
	SECTION
      7 SECURITY DOCUMENTS 	83
      
	         7.1
      	Security
      Documents 	83
      
	         7.2
      	Collateral
      Proceeds. 	88
      
	         7.3
      	Further
      Assurances 	88
      
	         7.4
      	Acknowledgement
      	89
      
	  	  	  
	SECTION
      8 CONDITIONS PRECEDENT 	90
      
	         8.1
      	Conditions
      Precedent to Disbursements of Advances. 	90
      
	         8.2
      	Conditions
      Precedent to All Advances. 	92
      
	         8.3
      	Waiver
      of a Condition Precedent 	93
      
	  	  	  
	SECTION
      9 COVENANTS 	93
      
	         9.1
      	Affirmative
      Covenants 	93
      
	         9.2
      	Negative
      Covenants. 	101
      
	         9.3
      	Financial
      Covenants 	106
      

- ii - 

	         9.4
      	Reporting
      Requirements. 	106
      
	  	  	  
	SECTION
      10 DEFAULT AND ENFORCEMENT 	109
      
	         10.1
      	Events
      of Default. 	109
      
	         10.2
      	Rights
      upon Default and Event of Default 	113
      
	         10.3
      	Waiver
      of Default. 	114
      
	  	  	  
	SECTION
      11 REMEDIES 	114
      
	         11.1
      	Remedies
      Cumulative. 	114
      
	         11.2
      	Remedies
      Not Limited. 	114
      
	         11.3
      	Set-Off,
      etc 	115
      
	         11.4
      	Agent
      or Lender May Perform Covenants 	115
      
	  	  	  
	SECTION
      12 THE AGENTS AND THE LENDERS 	115
      
	         12.1
      	Arrangements
      for Advances. 	115
      
	         12.2
      	Payments
      by Agents 	116
      
	         12.3
      	Decision-Making
      	118
      
	         12.4
      	Security
      Held by Agent 	119
      
	         12.5
      	Priorities
      of Security 	120
      
	         12.6
      	Protection
      of Agent 	120
      
	         12.7
      	Duties
      of Agent 	121
      
	         12.8
      	Termination
      or Resignation of Agent 	123
      
	         12.9
      	Lenders'
      Independent Investigation 	123
      
	         12.10
      	Legal
      Proceedings by Agent 	123
      
	         12.11
      	Lenders'
      Obligations Several; No Partnership 	123
      
	         12.12
      	Acknowledgement
      by Borrower 	124
      
	         12.13
      	Amendments
      to Section 12 	124
      
	         12.14
      	Deliveries,
      etc. 	124
      
	         12.15
      	Agency
      Fee 	124
      
	         12.16
      	Adjustments
      Among Lenders. 	124
      
	         12.17
      	Agents
      May Debit Accounts 	125
      
	         12.18
      	Field
      Examination Reports; Disclaimer by Lenders 	125
      
	         12.19
      	Fonde
      de Pouvoir. 	126
      
	         12.20
      	Other
      Provisions Concerning the Agent 	127
      
	  	  	  
	SECTION
      13 MISCELLANEOUS 	127
      
	         13.1
      	Amendments.
      	127
      
	         13.2
      	Notice
      	127
      
	         13.3
      	Disruption
      of Postal Service. 	128
      
	         13.4
      	Environmental
      Indemnity. 	128
      
	         13.5
      	Further
      Assurances 	128
      
	         13.6
      	Judgment
      Currency. 	128
      
	         13.7
      	Waivers.
      	129
      
	         13.8
      	Reimbursement
      of Expenses 	129
      
	         13.9
      	Submission
      to Jurisdiction. 	129
      
	         13.10
      	Waiver
      of Trial by Jury 	129
      
	         13.11
      	Counterparts
      	130
      

- iii - 

	 	13.12 	Excluded
      Subsidiaries 	130
      
	 	13.13 	Acknowledgement.
      	130
      
	 	13.14 	Canadian
      Bankers' Association Model Credit Agreement Provisions 	130
      
	 	13.15 	Exercise
      of Discretion 	130
      
	 	13.16 	Original
      Agreement 	131
      

- iv -

SIXTH AMENDED AND RESTATED CREDIT AGREEMENT

This sixth amended and restated credit agreement is made as of
December 20, 2010

A M O N G

SUNOPTA INC.

and

SUNOPTA FOOD GROUP LLC

  as Borrowers

and

EACH OF THE FINANCIAL INSTITUTIONS
AND OTHER ENTITIES FROM TIME TO TIME PARTIES TO THIS AGREEMENT 
as
Lenders 

and

CERTAIN AFFILIATES OF THE BORROWERS

as Obligors 

and

BANK OF MONTREAL

  as Agent 

RECITALS:

	A. 	
      Certain of the parties hereto, including without
      limitation, SunOpta, SunOpta Food Group, BMO, Rabobank, EDC and the Agent,
      are parties to a fifth amended and restated credit agreement dated as of
      October 30, 2009, as amended (the “Original Agreement”).

	 	 
	B. 	
      SunOpta and its various Subsidiaries desire to amend and
      restate the Original Agreement in its entirety in order to incorporate,
      among other things, certain amendments to the nature of the credit
      facilities provided for thereunder and certain other terms and conditions
      set out herein and the provision of certain new credit facilities by the
      Lenders.

	 	 
	C. 	
      The Lenders, the Agent, the Borrowers and the Obligors
      wish to make amendments to and restate the terms of the Original Agreement
      in its entirety in accordance with the terms and conditions set forth
      herein.

FOR VALUE RECEIVED, the parties agree as follows:

- 2 -

SECTION 1 

  INTERPRETATION

1.1    Certain Defined Terms

In this Agreement (including the recitals), the terms defined
below shall have the indicated meanings unless the context expressly or by
necessary implication requires otherwise: 

“Acceptance Fee” means a fee payable by SunOpta
with respect to the acceptance of a Bankers' Acceptance under this Agreement, as
set out in Section 4.4(a). 

“Accounts Receivable” means any account, account
receivable, receivable, book debt and any other form of monetary obligation
owing to or, now or hereafter acquired by the relevant Borrowers and Obligors
(including any right of the relevant Borrower or any Obligor to payment for
goods sold or leased or for services rendered, whether or not earned by
performance) and includes all of the relevant Borrowers' and Obligors' accounts,
contract rights, instruments, documents, chattel paper, general intangibles
relating to accounts, drafts and acceptances, and all other forms of obligations
owing to the relevant Borrowers and Obligors arising out of or in connection
with the sale or lease of Inventory or otherwise, all guarantees and other
security therefor, whether secured or unsecured, now existing or hereafter
created, and whether or not specifically sold or assigned to the Agent or a
Lender hereunder or in connection herewith. 

“Accounts Receivables Insurance Policy” means a policy
of insurance satisfactory to the Agent and the Lenders and held with EDC, EXIM
or such other insurer as the Agent shall have approved in writing, which such
policy insures the payment of certain Accounts Receivable owing to an Obligor
from time to time and wherein the insurer acknowledges that all payments under
the insurance policy have been assigned to the Agent of behalf of the Lenders, a
certified copy of which such insurance policy and acknowledgement shall be
provided to the Agent upon issuance. 

“Additional Obligor” means any Person who has executed
and delivered an Additional Obligor Counterpart and such additional Security
Documents as may be required by the Agent in its discretion. 

“Additional Obligor Counterpart” means a counterpart to
this Agreement in the form attached as Schedule A executed and delivered by any
Additional Obligor and the Agent. 

“Administrative Agent” has the same meaning as Agent.

“Advance” means an extension of credit under any Credit
Facility by a Lender to a Borrower by way of: (a) the advance of a Prime Loan, a
USBR Loan or a Libor Loan, the acceptance of a Bankers' Acceptance, the issuance
of a Letter of Credit or a Letter of Guarantee or the entry into of an FEFC in
the case of Facility A; or (b) the advance of a US Prime Rate Loan, a Libor Loan
or a Swing B Loan, the issuance of a Letter of Credit or a Letter of Guarantee
or the entry into a Hedge Contract in the case of Facility B; or (c) the advance
of a US Prime Rate Loan or a Libor Loan in the case of Facility C; or (d) the
advance of a US Prime Rate Loan or a Libor Loan in the case of Facility D.

- 3 -

“Affiliate” has the meaning given to it in the
Provisions. 

“Agent” means BMO when acting as agent and any successor
agent appointed under Section 7.1 or 7.7 respectively of the Provisions. 

“Agent's Lending Office” means the office of the Agent
located at 1 First Canadian Place, 100 King Street West, Toronto, Ontario, M5X
1A1 (Fax No.: (416) 360-7168) or such other office or branch of the Agent in
Canada as the Agent may from time to time advise the Borrower and the Lenders in
writing. 

“Agreement” means this Sixth Amended and Restated Credit
Agreement, including the Schedules hereto, as amended, varied, supplemented,
restated, renewed or replaced at any time and from time to time. 

“Applicable Law” has the meaning given to it in the
Provisions. 

“Aseptic” means SunOpta Aseptic, Inc.,
  a corporation formed under the laws of Minnesota, and its successors and permitted
  assigns.

“Associate” has the meaning given in the Business
Corporations Act (Ontario), as in effect on the Closing Date. 

“Auditors” means Deloitte & Touche LLP or any other
independent chartered accounting firm of national standing or otherwise
acceptable to the Agent providing audit services to the Borrowers from time to
time. 

“BA Equivalent Loan” means an Advance made by a Non BA
Lender evidenced by a Discount Note. 

“Banking Product” means any of the following products,
services or facilities extended to any Borrower by BMO or any BMO Affiliate: (a)
Cash Management Services; (b) commercial credit card and merchant card services;
and (c) other banking products or services (excluding for greater certainty any
hedging products) as may be requested by any Borrower, other than Letters of
Credit and Letters of Guarantee.

“Banking Product Debt” means Debt and other obligations
of a Borrower relating to Banking Products. 

“Bankers' Acceptance” and “B/A” each means a bill
of exchange, including a depository bill issued in accordance with the
Depository Bills and Notes Act (Canada), denominated in Canadian Dollars,
drawn by a Borrower and accepted by a Lender.

“Basis Point” and “bp” each means one
one-hundredth of one percent (.01%). 

“Base Rate Loan” has the same meaning as USBR Loan. 

“BMO” means Bank of Montreal and its successors and
assigns. 

- 4 -

“BMO Affiliate” means, as applicable, any one or more of
Harris N.A., BMO Nesbitt Burns Corporation Limited, BMO Nesbitt Burns Inc.,
Harris Bancorp Inc., BMO (US) Lending LLC and all other entities disclosed on
Schedule CC, as such Schedule CC may be amended from time to time. 

“BMO Chicago” and “Chicago Branch” means the
branch of BMO located at 115 South LaSalle St., 12-W, Chicago, Illinois 60603 or
such other branch in Illinois as BMO may designate from time to time. 

“Borrower” means (a) in respect of Facility A, SunOpta,
(b) in respect of Facility B, SunOpta Food Group, (c) in respect of Facility C,
SunOpta Food Group, and (d) in respect of Facility D, SunOpta Food Group. For
greater certainty, the reference to the term “Borrower” or
“Borrowers” without reference to any applicable Credit Facility, unless
the context expressly or by necessary implication requires otherwise, is a
reference to any or all of the Persons referred to above, as applicable. 

“Borrower's Account” means an account (including without
limitation the Borrower's Account for Payments) of any of the Borrowers
maintained, as applicable, at the Agent's Lending Office in respect of Facility
A, the Agent's Chicago Branch or Harris N.A. in respect of Facility B, Facility
C and Facility D, any other branch of the Agent or Harris N.A. in Canada or the
United States, as applicable, as the Borrowers may from time to time advise the
Agent in writing and includes those accounts listed on Schedule B and
“Borrower's Accounts” means any two or more such accounts.

“Borrower's Account for Payments” means (a) for
all payments for and by a Borrower under and in connection with Facility A in
Canadian Dollars, the following account maintained by the Borrower with the
Agent at its Toronto main office, to which payments and transfers are to be
effected as follows: 0002-1603-791 or, for either purpose, any other Borrower's
Account as the Agent and the Borrower may agree from time to time; (b) for all
payments for and by a Borrower under and in connection with Facility A in US
Dollars, the following account maintained by the Borrower with the Agent at its
Toronto main office, to which payments and transfers are to be effected as
follows: 0002-4622-591 or, for either purpose, any other Borrower's Account as
the Agent and the Borrower may agree from time to time; (c) for all payments for
and by a Borrower under and in connection with Facility B in US Dollars, the
following designated account maintained at Harris N.A., to which payments and
transfers are to be effected as follows: 422-481-2 or, for either purpose, any
other Borrower's Account as the Agent and the Borrower may agree from time to
time; (d) for all payments for and by a Borrower under and in connection with
Facility C in US Dollars, the following designated account maintained at Harris
N.A., to which payments and transfers are to be effected as follows:
422-481-2 or, for either purpose, any other Borrower's Account as the Agent and
the Borrower may agree from time to time, and (e) for all payments for and by a
Borrower under and in connection with Facility D in US Dollars, the following
designated account maintained at Harris N.A., to which payments and transfers
are to be effected as follows: 422-481-2 or, for either purpose, any other
Borrower’s Account as the Agent and the Borrower may agree from time to time.

“Borrowing Base Certificate” means, collectively, the
Facility A Borrowing Base Certificate and the Facility B Borrowing Base
Certificate. 

- 5 -

“Business Day” means (i) any day of the year (other than
Saturday or Sunday or any other day on which banks are authorized or required by
law to remain closed for normal business in Toronto, Ontario); (ii) when used in
connection with USBR Loans, any day of the year (other than Saturday or Sunday
or any other day on which banks are authorized or required by law to remain
closed for normal business in Toronto, Ontario or New York, New York); (iii)
when used in connection with Facility B, any day of the year (other than
Saturday or Sunday or any other day on which banks are authorized or required by
law to remain closed for business in Chicago, Illinois; and (iv) when used in
connection with LIBOR Loans any day of the year (other than Saturday or Sunday
or any other day on which banks are authorized or required by law to remain
closed for normal business in Toronto, Ontario, New York, New York or London,
England) and on which dealings in U.S. Dollar deposits may be carried on by and
between banks in the London interbank Eurocurrency Market; 

“Business Plan” means collectively the business plans
prepared, in form and content satisfactory to the Majority Lenders from time to
time, for the Obligors on a consolidated basis, each including budgets
(including without limitation income statements, balance sheets, cash flows,
ratio compliance and Capital Expenditures) and projections for a one year period
and detailing any proposed Capital Expenditures showing all adjustments made to
prepare the business plan of the Obligors on a consolidated basis. For greater
certainty, budgets will be prepared for each of the Grain and Foods Group,
Ingredients Group, Fruit Group, Kettle Valley Dried Fruit Group, Organics
Ingredients Group and, until sold, Canada Food Distribution Group. 

“Canadian Dollar Amount” means, for any amount on any
particular date, the aggregate of: (a) the portion, if any, of the amount
denominated in Canadian Dollars; and (b) the amount in Canadian Dollars
(determined on that date unless otherwise specified herein in accordance with
Section 1.4) of the portion, if any, of the amount denominated in US Dollars or
any other relevant currency. 

“Canadian Dollars” and the symbols “$” and
“C$” each means lawful money of Canada. 

“Canadian Overdraft” means any draw by SunOpta by way of
overdraft under Facility A on any of its Canadian Dollar current accounts
maintained with BMO. 

“Canadian Pension Plans” means, in respect of any
Person, all plans or arrangements which are considered to be pension plans for
the purposes of any applicable pension benefits standards statute or regulation
in Canada established, maintained or contributed to by such Person for its
employees or former employees. 

“Capital Asset” means, at any time, for any Person, the
capital or fixed assets of that Person determined on a consolidated basis in
accordance with GAAP. 

“Capital Expenditure” means, for any period,
  those expenditures made in connection with the acquisition, improvement or maintenance
  of a Capital Asset.

“Capital Lease” means, with respect to a Person, any
lease or other arrangement relating to property or assets which would be
required to be accounted for as a capital lease on a balance sheet of that
Person in accordance with GAAP. The amount of any Capital Lease at any date shall be the amount of the obligation in respect thereof which
would be included on the balance sheet. 

- 6 -

“Cash Equivalents” means: (a) securities issued
or fully guaranteed or insured by the Government of Canada or the Government of
a province of Canada or an agency thereof having maturities of not more than six
months from the date of acquisition; (b) certificates of deposit, time deposits,
repurchase agreements, reverse repurchase agreements, or bankers' acceptances,
having in each case a maturity of not more than six months, issued by any
commercial bank organized under the laws of Canada and having combined capital
and surplus of not less than $1,000,000,000 and a short term debt
rating of at least “A-” or the equivalent; or (c) commercial paper of
an issuer rated at least “A-1” by Standard & Poor's Corporation or P-1 by
Moody's Investors Services Inc. and in either case having a maturity of not more
than three months. 

“Cash Management Services” means any services provided
from time to time by BMO or any BMO Affiliate (including without limitation
Harris N.A.) to any Borrower in connection with operating, collections, payroll,
trust or other depository or disbursement accounts, including automatic
clearinghouse, controlled disbursement, depository, electronic funds transfer,
information reporting, lockbox, stop payment, overdraft and/or wire transfer
services. 

“CDOR Rate” means, on any day, the annual rate of
interest which is the arithmetic average of the quotations of all institutions
listed in respect of the rate for Canadian Dollar denominated bankers'
acceptances for the relevant period displayed and identified as such on the
Reuters Screen CDOR Page at approximately 10:00 a.m. on such day (as adjusted by
BMO after 10:00 a.m. to reflect any error in any posted rate or in the posted
average annual rate) or if such date is not a Business Day then on the
immediately preceding Business Day. If the rate does not appear on the Reuters
Screen CDOR Page as contemplated above, then the CDOR Rate shall be the rate per
annum quoted from time to time by BMO as being its reference rate then in effect
for determining fees on Canadian Dollar denominated bills of exchange accepted
by BMO. 

“Certificate” means, in respect of a Person that is not
an individual, a written certificate signed in the name of the Person by an
appropriate officer thereof and in respect of a Person that is an individual, a
written certificate signed by that individual, and includes, without limitation,
each Borrowing Base Certificate and each Compliance Certificate. 

“CERCLA” means the Comprehensive Environmental
Response Compensation and Liability Act of 1980, as amended. 

“Claim” means any claim of any nature whatsoever
including any demand, cause of action, suit or proceeding. 

“Closing” shall mean the closing on the Closing Date of
the transactions contemplated herein. 

“Closing Date” means December 20, 2010.

“Code” means the United States Internal Revenue Code of
1986, as amended. 

- 7 -

“Collateral” means the undertaking, property and assets
charged by any of the Security Documents and any other property, real or
personal, tangible or intangible, now existing or hereafter acquired by any Obligor that may at any time be or
become subject to a Lien in favour of a Lender or the Agent, as applicable, on
behalf of the Lenders to secure any or all of the Obligations or to secure, as
applicable, any or all of the obligations of such Obligor (other than a
Borrower) to the Agent and the Lenders in connection with the applicable
Documents to which such Obligor is a party. When used in relation to any Person,
the term “Collateral” means the undertaking, property and assets charged
by those Security Documents to which that Person is a party and any other
property, real or personal, tangible or intangible, now existing or hereafter
acquired by that Person, that may at any time be or become subject to a Lien in
favour of a Lender or the Agent, as applicable, on behalf of the Lenders to
secure any or all of the Obligations or to secure, as applicable, any or all of
the obligations of such Person (other than a Borrower) to the Agent and the
Lenders in connection with the applicable Documents to which such Person is or
may become a party. 

“Collateral Access Agreement” means a landlord waiver,
bailee letter, non-disturbance agreement, acknowledgment agreement or similar
agreement executed in favour of and for the benefit of the Agent and/or the
Lenders and its or their successors and assigns, as applicable, and by any
lessor, mortgagee, warehouseman, processor, consignee or other Person (other
than an Obligor) in possession of, having a Lien upon, or having rights or
interests in any location at which Collateral is situate, in favour of and for
the benefit of the Agent and/or the Lenders and its or their successors and
assigns, as applicable, and in form and content satisfactory to the Agent. 

“Commitment” means with respect to any Lender, its
Facility A Commitment, Facility B Commitment, Facility C Commitment or Facility
D Commitment, as the case may be. 

“Compliance Certificate” means a Certificate
  in the form attached hereto as Schedule T signed by the President or Chief Financial
  Officer of each of the Borrowers certifying that no Default or Event of Default
  has occurred during the period covered by the applicable financial statements
  or, if any such Default or Event of Default has occurred during such period,
  setting forth a description of such Default or Event of Default and specifying
  the action, if any, taken by the Borrower to remedy the same; together with
  the calculations of the financial covenants in Section 9.3 hereof on a monthly
  basis as applicable.

“Consolidated Borrower” means SunOpta and all Included
Subsidiaries on a consolidated basis. 

“Contingent Obligations” means, as to any Person, any
direct or indirect liability, contingent or otherwise, of that Person: (a) with
respect to any indebtedness, lease, dividend or other obligation of another
Person if the primary purpose or intent of the Person incurring such liability,
or the primary effect thereof, is to provide assurance to the obligee of such
liability that such liability of that Person will be paid or discharged, or that
any agreements relating thereto will be complied with, or that the holders of
such liability will be protected (in whole or in part) against loss with respect
thereto; (b) with respect to any letter of credit issued for the account of that
Person or as to which that Person is otherwise liable for reimbursement of
drawings; (c) under any Swap Transaction; (d) to make take-or-pay or similar
payments if required regardless of non-performance by any other party or parties
to an agreement; (e) for the obligations of another through any agreement to
purchase, repurchase or otherwise acquire any obligation of another Person or any property constituting
security therefor, or to provide funds for the payment or discharge of such
obligation; and (f) to maintain the solvency, financial condition or any balance
sheet item or level of income of another Person. The amount of any Contingent
Obligation shall be equal to the amount of the obligation so guaranteed or
otherwise supported or, if not a fixed and determined amount, the maximum amount
so guaranteed or supported. 

- 8 -

“Contract Period” means the period selected by the
Borrower in accordance with Section 3.7(a) commencing on the Drawdown Date,
Issuance Date, Rollover Date or Conversion Date, as applicable, and expiring on
a Business Day, in respect of an Advance during which the interest rate,
discount rate, stamping fee and/or term with respect to any Advance is
established in accordance with and subject to Section 3.8 with respect to Libor
Loans, Section 3.9 with respect to Bankers' Acceptances, Section 3.10 with
respect to Letters of Credit or Letters of Guarantee and Section 3.11 with
respect to Hedge Contracts (including FEFCs, FX Collar Options and interest rate
hedging instruments). 

“Controlled Group” means all members of a controlled
group of corporations or other business entities and all trades or businesses
(whether or not incorporated) under common control, which together with a
Borrower and any of its subsidiaries, are treated as a single employer under
Section 414 of the Code or Section 4001 of ERISA. 

“Conversion” means the conversion of an outstanding
Advance, or a portion of an outstanding Advance, into an alternative type of
Advance under Section 3.13. 

“Conversion Date” means the Business Day that a Borrower
elects as the date on which a Conversion is to occur. 

“Credit Facilities” means, collectively, Facility A,
Facility B, Facility C and Facility D, and “Credit Facility” means any
one of them. 

“Credit Limits” means, collectively, the Facility A
Credit Limit, the Facility B Credit Limit, the Facility C Credit Limit and the
Facility D Credit Limit and “Credit Limit” means any one of them. 

“Dahlgren” means Dahlgren & Company, Inc., a
corporation incorporated under the laws of Delaware, and its successors and
permitted assigns.

“Debt” of a Person means, without duplication:

	 	(a) 	
      all debts and liabilities of the Person for borrowed
      money;

	 	 	 
	 	(b) 	
      all Contingent Obligations of the Person;

	 	 	 
	 	(c) 	
      any obligation, contingent or other, which is required to
      be classified in accordance with GAAP upon the Person's balance sheet as a
      liability;

- 9 -

	 	(d) 	
      any obligation secured by any Lien existing on property
      owned or acquired by the Person subject to the Lien whether or not the
      obligation secured thereby shall have been assumed;

	 	 	 
	 	(e) 	
      any debt or liability of the Person representing the
      deferred acquisition cost of property or assets created or arising under
      any conditional sale agreement or other title retention agreement even
      though the rights and remedies of the seller under that agreement in the
      event of default are limited to repossession or sale of property or assets
      covered thereby;

	 	 	 
	 	(f) 	
      any liabilities, contingent, unmatured or other, under
      indemnities given in respect of any bankers' acceptance, letter of credit
      or letter of guarantee;

	 	 	 
	 	(g) 	
      any operating lease under which the Person has furnished
      a residual value guarantee in respect of which the Person is liable as
      lessee; and

	 	 	 
	 	(h) 	
      any Capital Lease by which the Person is
  bound.

“Debt Service” means, for any period, the amount
required by the Obligors to service the outstanding Debt (other than Debt owing
to an Obligor or Obligors) during that period and includes, without limitation,
interest, scheduled principal payments, payments required or made under any
Capital Lease, fee payments made in respect of letters of credit or letters of
guarantee, the stamping fees and discount rates associated with bankers'
acceptances, dividend payments and other payments made pursuant to shares which,
by their terms, or upon the happening of any event, mature or are mandatorily
redeemable or mandatorily retractable or are redeemable or retractable at the
option of the holder or are otherwise determined to be “debt-like” in the
discretion of the Agent, but excluding Excluded Fees and excluding any principal
payments, whether scheduled or not, under any of the Credit Facilities or on
maturity or any reimbursement amount or any payments in respect of the
Subordinated Debt incurred by SunOpta in connection with its previous
acquisition of the shares of The Organic Corporation B.V. 

“Default” shall have the meaning ascribed to such term
in the Provisions. 

“Defaulting Lender” means any Lender that (a) has failed
to fund any portion of any Advance or participations in Letters of Credit,
Letters of Guarantee or Swing B Loans required to be funded by it hereunder
within one Business Day of the date required to be funded by it hereunder unless
such failure has been cured, (b) has otherwise failed to pay over to the Agent
or any other Lender any other amount required to be paid by it hereunder within
one Business Day of the date when due, unless the subject of a good faith
dispute or unless such failure has been cured, or (c) has become insolvent or
become the subject of a dissolution, liquidation, winding-up, receivership,
bankruptcy or insolvency proceeding, or control of which has been taken by any
Governmental Authority, or the shares and subordinated debt of which shall have
been vested in Canada Deposit Insurance Corporation or any other Governmental
Authority. 

“Discount Note” means a non-interest bearing promissory
note denominated in Canadian Dollars issued by the Borrower to a Non BA Lender
to evidence a BA Equivalent Loan. 

- 10 - 

“Discount Proceeds” means, for any Bankers' Acceptance
issued hereunder, an amount calculated on the applicable Drawdown Date as
follows: 

		          
      1            		  
	 	  
	1  
       +    [DR x CP] 	x BA 
	            
           365 	  

Where: 

	 	(a) 	
      BA = the face amount of the Bankers' Acceptance

	 	 	 
	 	(b) 	
      DR = the Discount Rate applicable to the Bankers'
      Acceptance expressed as a decimal

	 	 	 
	 	(c) 	
      CP = the applicable Contract Period in days

	 	 	 
	 	(d) 	
      the product of [(DRxCP)/365] is rounded up or down to the
      fifth decimal place and .000005 is rounded up

“Discount Rate” means, with respect to an issue of
Bankers' Acceptances or Discount Notes with the same maturity date, (a) the CDOR
Rate in respect of such B/A or Discount Notes accepted by a Lender that is a
Schedule I Lender, and (b) in respect of such B/A or Discount Notes accepted by
a Lender that is a Schedule II Lender, a Schedule III Lender or other type of
financial institution, the CDOR Rate plus 10 bps. 

“Dispute” means any cause asserted for non-payment of
Accounts Receivable including any dispute, claim, complaint, set-off, defence,
contra account or counterclaim (real or asserted), lawful or unlawful, whether
arising from or relating to a sale of merchandise by a Borrower or any other
transaction or occurrence. 

“Documents” means this Agreement, the Security
Documents, and all Certificates, instruments, guarantees, agreements and other
documents (including without limitation any Hedge Agreement or Hedge Contract)
delivered, or to be delivered, to the Agent or the Lenders (or any applicable
BMO Affiliate in respect of Banking Products) under or in connection with this
Agreement, any Security Document and any Banking Product, and when used in
relation to any Person, “Documents” means the Documents executed and
delivered by such Person.

“Drawdown Date” means any Business Day on which an
Advance is made or is deemed to be made. 

“EBITDA” means, in respect of any fiscal period of
SunOpta, the consolidated net income of the Consolidated Borrower for such
fiscal period, adjusted to: 

	 	(a) 	
      decrease such net income for any:

	 	 	 	 
	 		(i) 	
      extraordinary, non-recurring or unusual gains or income
      (provided, however, that SunOpta shall require the prior written consent
      of the Majority Lenders before effecting an
adjustment of the nature contemplated by this clause); 

- 11 - 

	 	(ii) 	
      gain from the disposition of Fixed Assets;

	 	 	 
	 	(iii) 	
      unrealized income pursuant to Hedge Agreements;
  and

	 	(b) 	
      increase such net income for any:

	 	 	 	 
	 		(i) 	
      Interest Expense;

	 	 	 	 
	 		(ii) 	
      Excluded Fees;

	 	 	 	 
	 		(iii) 	
      Taxes;

	 	 	 	 
	 		(iv) 	
      depreciation or amortization expense;

	 	 	 	 
	 		(v) 	
      losses from the disposition of Fixed Assets;

	 	 	 	 
	 		(vi) 	
      extraordinary, non-recurring or unusual losses or
      expenses (provided, however, that SunOpta shall require the prior written
      consent of the Majority Lenders before effecting an adjustment of the
      nature contemplated by this clause);

	 	 	 	 
	 		(vii) 	
      unrealized losses pursuant to Hedge Agreements;

	 	 	 	 
	 		(viii) 	
      expenses incurred by the Consolidated Borrower with
      respect to any one- time restructuring events, including severance and
      termination pay expense (provided, however, that SunOpta shall require the
      prior written consent of the Majority Lenders before effecting an
      adjustment of the nature contemplated by this clause);

	 	 	 	 
	 		(ix) 	
      asset impairments and write-downs;

	 	 	 	 
	 		(x) 	
      non-cash stock compensation expense; or

	 	 	 	 
	 		(xi) 	
      cash proceeds, not in excess of US$1,000,000 during any
      rolling twelve fiscal month period, from the issuance of shares in
      connection with the employee share purchase
program,

to the extent (except for the cash proceeds referred to in
subsection (b)(xi)) included in the calculation of such net income, provided
that the Consolidated Borrower may, with the prior written consent of the
Majority Lenders, include in the calculation of EBITDA for such period, the
EBITDA on a pro-forma basis for any new ventures, acquisitions, divestitures or
investments of the Consolidated Borrower, in each case, as included in the
Consolidated Borrower's financial statements prepared in accordance with GAAP.

“EDC” means Export Development Canada and its successors
and assigns. 

- 12 -

“Eligible Accounts Receivable” shall mean each Account
Receivable arising in the ordinary course of the relevant Obligor's business
from the sale of Inventory which the Agent, in its reasonable judgment, deems to
be Eligible Accounts Receivable. Without limiting the foregoing, an Account
Receivable shall not be deemed to be an Eligible Account Receivable unless such
Account Receivable is subject to the Agent's perfected, first (subject to
Permitted Liens) priority Lien on behalf of the Lenders and no other Liens other
than Permitted Liens. In addition, and without limiting the Agent's discretion
to establish criteria of eligibility in its reasonable credit judgment from time
to time, an Account Receivable shall not be an “Eligible Accounts Receivable”
if: 

	 	(a) 	
      it arises out of a sale made by the relevant Obligor to
      an Affiliate of the relevant Obligor or to a Person controlled by an
      Affiliate of the relevant Obligor;

	 	 	 
	 	(b) 	
      it is due or unpaid more than 90 days after the original
      invoice date;

	 	 	 
	 	(c) 	
      it is unpaid more than 60 days after the invoice due
      date;

	 	 	 
	 	(d) 	
      it is owing from an account debtor or any Affiliate
      thereof who, together, are obligated on Account Receivables owed to any
      Obligor and more than 25% of the aggregate unpaid balance of which have
      been past due for longer than the relevant periods specified in (b) or (c)
      above unless the Agent has approved in writing the continued eligibility
      thereof;

	 	 	 
	 	(e) 	
      its inclusion as an Eligible Account Receivable would
      cause the total Eligible Accounts Receivables owing from any one account
      debtor and its Affiliates to exceed 15% of all Eligible Accounts
      Receivable;

	 	 	 
	 	(f) 	
      any covenant, representation or warranty by an Obligor
      contained in this Agreement or any Document with respect to such Account
      Receivable has been breached and such breach continues;

	 	 	 
	 	(g) 	
      the account debtor is also the relevant Obligor's
      creditor or supplier, or the account debtor has disputed liability, or the
      account debtor has made any claim with respect to any other Account
      Receivable due from such account debtor to the relevant Obligor, or the
      Account Receivable otherwise is or may become subject to any right of
      setoff by the account debtor and such account debtor has claimed such
      right of setoff;

	 	 	 
	 	(h) 	
      any one or more of the following events has occurred and
      is continuing with respect to the account debtor on such account: (i)
      death or judicial declaration of incompetency of an account debtor who is
      an individual; (ii) the filing by or against the account debtor of a
      proposal, notice of intent to file a proposal, proceeding, action or
      petition for liquidation, insolvency, reorganization, arrangement,
      adjustment of debts, adjudication as a bankrupt, winding-up, or other
      relief under the bankruptcy, insolvency, restructuring, liquidation,
      winding-up or similar laws of Canada, any province or territory thereof,
      or any foreign jurisdiction, now or hereafter in effect; (iii) the making
      of a general assignment by the account debtor for the benefit of
      creditors; (iv) the appointment of a receiver, trustee, monitor,
custodian, liquidator, administrator, interim receiver, monitor or trustee or
other similar official for the account debtor or for any of the assets of the
account debtor, including a “trustee” under the Bankruptcy and Insolvency
Act (Canada); (v) the institution by or against the account debtor of any
other type of insolvency, liquidation, bankruptcy, winding-up or insolvency
reorganization proceeding against the account debtor (under the laws of Canada,
the United States of America or otherwise, including without limitation the
Bankruptcy and Insolvency Act (Canada), the Companies' Creditors
Arrangement Act (Canada) and the United States Bankruptcy Code) or of
any formal or informal proceeding for the dissolution or liquidation of,
settlement of claims against, or winding up of affairs of, the account debtor;
(vi) the sale, assignment, or transfer of all or substantially all of the assets
of the account debtor; (vii) the nonpayment generally by the account debtor of
its debts as they become due; (viii) the failure, cessation of the business of
the account debtor as a going concern or insolvency of the account debtor; or
(ix) the account debtor calling a meeting of its creditors or indicating its
consent to any proceeding or action against it hereinabove described; 

- 13 -

	 	(i) 	
      the sale giving rise to the Account Receivable is to an
      account debtor which is incorporated or otherwise formed or created
      outside Canada or the United States of America, or is to an account debtor
      whose chief executive office is located outside Canada or the United
      States, or is to an account debtor which issues, routes or arranges for
      payment of an Account Receivable from a location outside Canada or the
      United States, unless the sale is on letter of credit, guarantee or
      acceptance terms, in each case acceptable to the Agent in its reasonable
      credit judgment, or unless the Account Receivable is an Insured Eligible
      Accounts Receivable;

	 	 	 
	 	(j) 	
      the sale giving rise to the Accounts Receivable to the
      account debtor is on a bill-and-hold, pre-billing, guaranteed sale,
      sale-and-return, sale on approval, credit-in-prior, consignment or any
      other repurchase or return basis or is evidenced by an instrument,
      investment property or chattel paper unless the same has been endorsed and
      delivered to the Agent;

	 	 	 
	 	(k) 	
      the Agent believes, in its sole reasonable credit
      judgment, that collection of such Account Receivable is insecure or
      doubtful or that such Account Receivable may not be paid by reason of the
      account debtor's financial inability to pay and written notice thereof has
      been provided to the Borrower;

	 	 	 
	 	(l) 	
      the account debtor is a Governmental Authority;

	 	 	 
	 	(m) 	
      the goods giving rise to such Account Receivable have not
      been delivered to the customer, or title to the goods giving rise to such
      Account Receivable has not passed to the customer, or the services giving
      rise to such Account Receivable have not been performed by the Obligor or
      the Account Receivable otherwise does not represent a final
  sale;

- 14 -

	 	(n) 	
      any Account Receivable to the extent rebilled or to the
      extent reduced by any credit notes, allowances, or rebates, including
      volume rebates;

	 	 	 
	 	(o) 	
      the Account Receivable is subject to any offset,
      deduction (other than ordinary course volume rebates deducted as provided
      in paragraph (n) above), defence, Dispute, contra account or counterclaim
      claimed by the account debtor or if the Account Receivable is contingent
      in any respect or for any reason;

	 	 	 
	 	(p) 	
      the relevant Obligor has made any agreement with any
      account debtor for any extension of the time for payment or any deduction
      from payment, except for discounts or allowances made in the ordinary
      course of business for prompt payment, all of which discounts or
      allowances are reflected in the calculation of the face value of each
      respective invoice related thereto;

	 	 	 
	 	(q) 	
      shipment of the merchandise or the rendition of services
      has not been completed or the Account Receivable otherwise represents a
      progress billing or the account debtor's obligation to pay is otherwise
      conditional upon completion of any further performance under any contract,
      agreement or arrangement;

	 	 	 
	 	(r) 	
      any return, rejection or repossession of the applicable
      Inventory has occurred;

	 	 	 
	 	(s) 	
      such Account Receivable is subject to a Lien ranking in
      priority to the Liens granted to the Agent on behalf of the Lenders under
      the Security Documents (except Permitted Liens);

	 	 	 
	 	(t) 	
      such Account Receivable is not payable to the applicable
      Obligor; or

	 	 	 
	 	(u) 	
      such Account Receivable is not otherwise satisfactory to
      the Agent as determined in good faith by the Agent in the exercise of its
      reasonable credit judgment upon written notice being provided to the
      Borrower.

“Eligible Assignee” has the meaning given to it in the
Provisions. 

“Eligible Equipment” means all Equipment that the Agent,
in its reasonable judgment, determines to be Eligible Equipment; and without
limiting the reasonable judgment of the Agent with respect to such
determination, the Agent may include Equipment that satisfies all of the
following criteria: 

	 	(a) 	
      it is an asset of an Obligor to which such Obligor has
      good and marketable title, is chargeable, and is subject to a perfected,
      first priority Lien in favour of the Agent free and clear of any other
      Liens (other than Permitted Liens);

	 	 	 
	 	(b) 	
      it is located at an Obligor’s facilities set forth on
      Schedule I or such other locations as are approved in writing by the Agent
      and, in the case of facilities owned by an Obligor subject to a Mortgage,
      or facilities not owned by an Obligor, is at all times subject to a
      Collateral Access Agreement in form and substance satisfactory to the
      Agent;

- 15 -

	 	(c) 	
      it is used or useable in the conduct of the business of
      an Obligor and is not obsolete, and is in good repair, working order and
      condition free from any defects which might adversely affect the market
      value thereof;

	 	 	 
	 	(d) 	
      it does not consist of hand tools, spare parts,
      furniture, furnishings, office equipment or office supplies; and

	 	 	 
	 	(e) 	
      it is not attached to real estate in such a manner that
      it is or may become a fixture.

“Eligible Inventory” means the aggregate Inventory of
the relevant Obligors (or any of them) which the Agent, in its reasonable
judgment, deems to be Eligible Inventory. Without limiting the foregoing,
Inventory shall not be deemed to be Eligible Inventory unless such Inventory is
an asset of the relevant Obligor to which it has good and marketable title, is
subject to the Agent's perfected, first (subject to Permitted Liens) priority
Lien on behalf of the Lenders and no other Liens, other than Permitted Liens. In
addition, and without limiting the Agent's discretion to establish criteria of
eligibility in its reasonable credit judgment from time to time, “Eligible
Inventory” shall not include: 

	 	(a) 	
      Inventory that does not meet the quality or other
      standards imposed by any Governmental Authorities;

	 	 	 
	 	(b) 	
      Inventory that is unsaleable, slow moving, in-transit,
      damaged, obsolete, packaging, rental in nature, used or otherwise not of
      good and merchantable quality, or that otherwise has defects which might
      adversely affect the market value thereof;

	 	 	 
	 	(c) 	
      Inventory that is held on consignment or rental for
      another Person, or is subject to any deposit or down payment;

	 	 	 
	 	(d) 	
      Inventory that constitutes returned or repossessed
      goods;

	 	 	 
	 	(e) 	
      Inventory that is subject to any Lien (including without
      limitation any grower, farmer or similar Lien) ranking or capable of
      ranking in priority to the Liens granted to the Agent on behalf of the
      Lenders under the Security Documents;

	 	 	 
	 	(f) 	
      Inventory in respect of, which any covenant,
      representation of warranty by an Obligor contained in this Agreement or
      any Document with respect to such Inventory has been breached and such
      breach continues;

	 	 	 
	 	(g) 	
      Inventory that is not in the possession of the relevant
      Obligor either on premises owned by the relevant Obligor or, subject to
      the following, in respect of which the Agent has not received a waiver of
      the Landlords' rights or warehouseman's rights in respect of such
      Inventory in form and substance satisfactory to the Agent;

	 	 	 
	 	(h) 	
      Inventory located outside Canada or the United States,
      other than Inventory for which title has passed to the relevant Obligor
      which is insured to the full value thereof and for which the Agent shall
      have in its possession (i) all negotiable
bills of lading properly endorsed in favour
of the Agent and (ii) all non-negotiable bills of lading issued in the Agent's
name;

- 16 -

	 	(i) 	
      Inventory that is subject to any warehouse receipt or
      negotiable document;

	 	 	 
	 	(j) 	
      Inventory that is subject to a license or other
      arrangement that restricts an Obligor's or the Agent's right to dispose of
      such Inventory, unless the Agent has received an appropriate waiver or
      consent to sub-license in form and substance satisfactory to the
    Agent;

	 	 	 
	 	(k) 	
      Inventory located outside Canada or the United States
      that has not been consigned to the Agent on terms and conditions
      satisfactory to the Agent, to the extent that a Letter of Credit or Letter
      of Guarantee has been issued in respect of such Inventory, and

	 	 	 
	 	(l) 	
      any other Inventory deemed ineligible by the Agent in its
      sole discretion, acting reasonably.

provided, however, that notwithstanding the foregoing
and for greater certainty with respect to item (g) above, Inventory which has an
aggregate value (calculated at the lower of cost and net realizable value) of
greater than US$50,000.00 may be located on leased or warehouse premises in
respect of which no waiver of Landlord's rights or warehouseman's rights has
been obtained and still constitute Eligible Inventory provided, however, that an
amount equal to three months rent (in respect of the rent for the relevant
leased or warehouse premises) will be deducted from the lending value otherwise
attributable to the Inventory located on each such relevant leased or warehouse
premises. 

“Environmental Activity” means any activity, event or
circumstance in respect of a Hazardous Substance including its storage, use,
holding, collection, purchase, accumulation, assessment, generation,
manufacture, construction, processing, treatment, stabilization, disposition,
handling or transportation or its Release into the natural environment including
movement through or in the air, soil, subsoil, surface water or groundwater.

“Environmental Laws” means all Applicable Laws
pertaining to environmental or occupational health and safety matters, in effect
as at the date hereof and as may be brought into effect or amended at a future
date, including those pertaining to reporting, licensing, permitting,
investigation, remediation and clean-up in connection with any presence or
Release of a Hazardous Substance or threat of same or relating to the
manufacture, processing, distribution, use, treatment, storage, disposal,
transportation, handling and the like of a Hazardous Substance.

“Equipment” means all equipment and any other machinery,
tools, fixtures, trade fixtures, furniture, furnishings, office equipment,
computers, vehicles and all other goods now or hereafter used or usable in
connection with an Obligor’s business (other than Inventory), together with all
parts, accessories and attachments relating to any of the foregoing. 

“ERISA” means the Employee Retirement Income Security
Act of 1974 of the United States, together with the regulations thereunder
as the same may be amended from time to time. Reference to Sections of ERISA
also refer to any successive Sections thereto. 

- 17 -

“ERISA Plan” means an “employee welfare benefit plan” or
“employee pension benefit plan” as such terms are defined in Sections 3(1) and
3(2) of ERISA. 

“Event of Default” means any of the events or
circumstances specified in Section 10.1. 

“Excess Availability” means, as of any date of
determination by the Agent: 

	 	(a) 	
      in respect of Facility A, the excess, if any, of (i) the
      greater of (A) the Facility A Commitment and (B) the Facility A Borrowing
      Base, less (ii) the aggregate Canadian Dollar Amount of all outstanding
      Advances under Facility A as of the close of business on such date;
    and

	 	 	 
	 	(b) 	
      in respect of Facility B the excess, if any, of (i) the
      greater of (A) the Facility B Commitment and (B) the Facility B Borrowing
      Base, less (ii) the aggregate US Dollar Amount of all outstanding Advances
      under Facility B (and for greater certainty, for purposes of this
      definition, Swing B Loans in an amount equal to the Swing Line B Sublimit
      shall be deemed outstanding Advances under Facility B at all times) as of
      the close of business on such date;

provided however that, for purposes of calculating
Excess Availability and the amount of the Facility A Borrowing Base and/or the
Facility B Borrowing Base relating thereto, the Agent may, in the exercise of
its sole reasonable discretion, and without prejudice to its ability to
establish other reserves as set out in this Agreement, establish a reserve in an
aggregate amount based on the Borrowers' and any other relevant Obligors'
outstanding Debt which is not current (in accordance with its terms of payment
as verified by the Agent) or which is past due as of such date of determination,
to the extent thereof. 

“Excluded Fees” means all fees paid or payable by an
Obligor or Obligors to the Agent or any Lender under any Document or to any
agent or lender under the Original Agreement for service fees, waiver or
amendment fees, monitoring fees, legal fees, and upfront fees and all fees
incurred by the Agent or any Lender under any Document or by any agent or lender
under the Original Agreement and reimbursed by a Borrower. 

“Excluded Subsidiary” means any Subsidiary of SunOpta
Inc. now or hereafter designated in writing by the Agent and the Lenders to be
an Excluded Subsidiary for purposes of this Agreement, and the name of any
Excluded Subsidiary shall be set out on Schedule ”Y” from time to time. 

“Excluded Taxes” has the meaning given to it in the
Provisions, and for certainty, “Excluded Taxes” includes, in relation to
the Agent or any Lender, any Taxes imposed on the net income or capital of the
Agent or any Lender by any Governmental Authority as a result of the Agent or
the Lender (a) carrying on a trade or business or having a permanent
establishment in any jurisdiction or political subdivision thereof, (b) being
organized under the laws of such jurisdiction or any political subdivision
thereof, or (c) being or being deemed to be resident in such jurisdiction or
political subdivision thereof. 

“EXIM” means The Export-Import Bank of the United States
and its successors and assigns. 

- 18 -

“Existing Obligors' Debt” means those Debts listed in
Schedule R. 

“Facility A” has the meaning given to it in Section
3.1(a). 

“Facility A Borrowing Base” means, as of any date of
determination thereof by the Agent from time to time, an amount, without
duplication, equal to the aggregate at such time of: 

	 	(a) 	
      85% (or such lesser percentage as the Agent may determine
      from time to time pursuant to the provisions of this Agreement) of the
      face amount of Eligible Accounts Receivable in respect of SunOpta (and all
      Canadian divisions thereof including, Kettle Valley Dried Fruit, SunOpta
      Organics and Canadian Food Distribution Group) and 7599153 Canada;
    plus

	 	 	 
	 	(b) 	
      90% (or such lesser percentage as the Agent may determine
      from time to time pursuant to the provisions of this Agreement) of the
      face amount of Insured Eligible Accounts Receivable in respect of SunOpta
      (and all Canadian divisions thereof including Kettle Valley Dried Fruit,
      SunOpta Organics and Canadian Food Distribution Group) and 7599153 Canada;
      plus

	 	 	 
	 	(c) 	
      the lesser of (i) 70% (or such lesser percentage as the
      Agent may determine from time to time pursuant to the provisions of this
      Agreement) of the cost (computed using an average cost method of inventory
      costing applied by the applicable Obligor in accordance with GAAP) of raw
      materials and finished goods Eligible Inventory at such time in respect of
      SunOpta (and all Canadian divisions thereof including, Kettle Valley Dried
      Fruit, SunOpta Organics and Canadian Food Distribution Group) and 7599153
      Canada, and (ii) 85% (or such lesser percentage as the Agent may determine
      from time to time pursuant to the provisions of this Agreement) of the Net
      Orderly Liquidation Value of Eligible Inventory;

provided, however, that (i) the lending value under
Facility A attributable to Eligible Inventory shall not at any time exceed the
lesser of $3,500,000 and 70% of the Facility A Borrowing Base (as calculated
without reference to this clause (i)), (ii) the Facility A Borrowing Base shall
be computed only as against and on so much of such Collateral as is included on
the Facility A Borrowing Base Certificate to be furnished from time to time by
SunOpta pursuant to this Agreement, and (iii) the amount of the Facility A
Borrowing Base at any time shall be net of any reserves applicable at such time
pursuant to Section 3.2(e). 

“Facility A Borrowing Base Certificate” has the
meaning given to it in Section 8.1(a)(vi). 

“Facility A Commitment” means, with respect to any
Lender, the principal amount set out beside such Lender's name in Schedule V
with reference to Facility A, as amended from time to time, and to the extent
not cancelled or terminated hereunder. 

“Facility A Credit Limit” has the meaning given to it in
Section 3.2(a). “Facility AB Pricing Grid” has the meaning given to it
in Section 4.8.

“Facility B” has the meaning given to it in Section
3.1(b). 

- 19 -

“Facility B Borrowing Base” means, as of any date of
determination thereof by the Agent from time to time, an amount, without
duplication, equal to the aggregate at such time of: 

	 	(a) 	
      85% (or such lesser percentage as the Agent may determine
      from time to time pursuant to the provisions of this Agreement) of the
      face amount of Eligible Accounts Receivable in respect of SunOpta Food
      Group, SunOpta Fruit, Sunrich, Aseptic, SunOpta Ingredients, Dahlgren and
      Global, plus

	 	 	 
	 	(b) 	
      90% (or such lesser percentage as the Agent may determine
      from time to time pursuant to the provisions of this Agreement) of the
      face amount of Insured Eligible Accounts Receivable in respect of SunOpta
      Food Group, SunOpta Fruit, Sunrich, Aseptic, SunOpta Ingredients, Dahlgren
      and Global, plus

	 	 	 
	 	(c) 	
      the lesser of (i) 70% (or such lesser percentage as the
      Agent may determine from time to time pursuant to the provisions of this
      Agreement) of the cost (computed using an average cost method of inventory
      costing applied by the applicable Obligor in accordance with GAAP) of raw
      materials and finished goods Eligible Inventory at such time in respect of
      SunOpta Food Group, SunOpta Fruit, Sunrich, Aseptic, SunOpta Ingredients
      and Global, and (ii) 85% (or such lesser percentage as the Agent may
      determine from time to time pursuant to the provisions of this Agreement)
      of the Net Orderly Liquidation Value of Eligible Inventory time in respect
      of SunOpta Food Group, SunOpta Fruit, Sunrich, Aseptic, SunOpta
      Ingredients, Dahlgren and Global;

provided, however, that (i) the lending value under
Facility B attributable to Eligible Inventory shall not at any time exceed the
lesser of US$70,000,000 and 70% of the Facility B Borrowing Base as calculated
without reference to this clause (i)), (ii) the Facility B Borrowing Base shall
be computed only as against and on so much of such Collateral as is included on
the Facility B Borrowing Base Certificate to be furnished from time to time by
SunOpta Food Group pursuant to this Agreement, and (iii) the amount of the
Facility B Borrowing Base at any time shall be net of any reserves applicable at
such time pursuant to Section 3.2(e). 

“Facility B Borrowing Base Certificate” has the
meaning given to it in Section 8.1(a)(vi). 

“Facility B Commitment” with respect to any Lender, the
principal amount set out beside such Lender's name in Schedule V with reference
to Facility B, as amended from time to time, and to the extent not cancelled or
terminated hereunder. 

“Facility B Credit Limit” has the meaning given to
it in Section 3.2(b). 

“Facility C” has the meaning given to it in Section
3.1(c). 

“Facility C Borrowing Base” means, as at any time it is
to be determined, the lesser of (a) [US$13,000,000] and (b) an amount in
US Dollars equal to 60% of the fair market value of all real property (which
includes for greater certainty for purposes of this definition land, buildings
and fixtures thereon) of the Obligors in respect of which a first ranking
Mortgage (subject to Permitted Liens) has been granted and exists in favour of
the Agent, as the fair market value of such real property is determined from
time to time by an accredited appraiser satisfactory to the Agent in its sole discretion, and, for
greater certainty, the Facility C Borrowing Base at any time shall be net of any
reserves applicable at such time pursuant to Section 3.2(e).

- 20 -

“Facility C Commitment” means, with respect to any
Lender, the principal amount set out beside such Lender's name in Schedule V
with reference to Facility C, as amended from time to time, and to the extent
not cancelled or terminated hereunder. 

“Facility C Credit Limit” has the meaning given to
it in Section 3.2(c). 

“Facility CD Pricing Grid” has the meaning given to it
in Section 4.9 

“Facility D” has the meaning given to it in Section
3.1(d). 

“Facility D Borrowing Base” means, as at any
  time it is to be determined, the lesser of (a) [US$17,000,000] and (b)
an amount in US Dollars equal to 85% of the Net Orderly Liquidation Value of
Eligible Equipment, and, for greater certainty, the Facility D Borrowing Base at
any time shall be net of any reserves applicable at such time pursuant to
Section 3.2(e).

“Facility D Commitment” means, with respect to any
Lender, the principal amount set out beside such Lender's name in Schedule V
with reference to Facility D, as amended from time to time, and to the extent
not cancelled or terminated hereunder 

“Facility D Credit Limit” has the meaning given to
it in Section 3.2(d). 

“Federal Funds Effective Rate” means, for any day, the
annual rate of interest quoted for that day in H.15(519) opposite the caption
“Federal Funds (Effective)”. If H.15(519) is not available for the
relevant day, the Federal Funds Effective Rate shall be the annual rate
of interest quoted for that day in the Composite 3:30 p.m. Quotations for US
Government Securities for that day under the caption “Federal Funds Effective
Rate”. If neither of the foregoing quotations is available, the “Federal
Funds Effective Rate” shall be the average of the quotations for that day on
overnight federal funds (those words to have the meaning generally given to them
by money market brokers of recognized standing doing business in the United
States of America) transactions received by the Agent from three federal funds
brokers of recognized standing selected by the Agent. For the purposes of this
definition, “H.15(519)” means the weekly statistical release published by
the Board of Governors for the Federal Reserve System of the United States or
any successor and “Composite 3:30 p.m. Quotations for US Government
Securities” means the daily statistical release published by the Federal
Reserve Bank of New York or any successor. 

“FEFC” means a foreign exchange forward contract which
may be entered into between the Hedge Lender and a Borrower in connection with
the management of foreign exchange risks in all major currencies acceptable to
the Hedge Lender (provided that the Borrower is doing business in such currency
and the quantum or amount of any currency being hedged or managed is reasonable
in relation to the volume of the Borrower's business being conducted in any such
currency). 

“Fiscal Quarter” means each three month period of any
Obligor, as the case may be, all of which currently end on March 31, June 30,
September 30 and December 31. 

- 21 -

“Fiscal Year” means the fiscal year of each Obligor, all
of which currently end on December 31. 

“Fixed Assets” means, in respect of the applicable
Person for purposes of Section 5.2 of this Agreement, the real property, plant,
machinery and equipment of such Person and which for greater certainty includes
without limitation, land and buildings, motor vehicles, furniture, office
equipment, computers, fixtures and fittings of such Person. For greater
certainty, the term “Fixed Assets” for purposes of Section 5.2 of this Agreement
does not include goodwill, nor does it include, without limitation, patents,
trademarks and other fixed intangible assets of the relevant Person. 

“Fixed Charge Coverage Ratio” means, for any period with
reference to the Consolidated Borrower (a) EBITDA, less cash taxes, dividends
paid and non-financed Capital Expenditures paid or incurred during such period
divided by (b) Debt Service for such period; provided however that
required principal payments in respect of Subordinated Debt incurred by one or
more of the Obligors to finance the acquisition of The Organic Corporation B.V.
shall be excluded from Debt Service for the purposes calculating the Fixed
Charge Coverage Ratio. 

“Funded Debt” means, with reference to the Consolidated
Borrower at any time and without duplication: 

	 	(a) 	
      all debts and liabilities for borrowed money including
      the Obligations;

	 	 	 
	 	(b) 	
      all debts or liabilities (including without limitation
      any earn-out amount payable by the Consolidated Borrower in connection
      with any agreement once the quantum of such earn-out payment is
      determined) representing the deferred acquisition cost of property or
      assets created or arising under any conditional sale agreement or other
      title retention agreement even though the rights and remedies of the
      seller under that agreement in the event of default are limited to
      repossession or sale of property or assets covered thereby;

	 	 	 
	 	(c) 	
      all liabilities, contingent, unmatured or other, under
      indemnities given in respect of any bankers' acceptance, letter of credit
      or letter of guarantee;

	 	 	 
	 	(d) 	
      all operating leases under which a residual value
      guarantee or the equivalent has been furnished;

	 	 	 
	 	(e) 	
      all Capital Leases; and

	 	 	 
	 	(f) 	
      the net mark-to-market amount of all liabilities under
      Swap Transactions entered into by the Consolidated Borrower with any
      Person,

after deducting all cash on deposit with, as applicable, the
Agent, BMO or a BMO Affiliate, and the value of all marketable securities
acceptable to the Agent in its sole discretion and which are subject to Liens in
favour of the Agent on behalf of the Lenders under the Security Documents but
excludes, to the extent included above, Subordinated Debt, deferred Taxes and
accounts payable incurred in the ordinary course of the Borrowers' business.

- 22 -

“FX Collar Option” means a simultaneous purchase and
sale of put and call options with respect to currency which may be entered into
between the Hedge Lender and a Borrower in connection with the management of
foreign exchange risks in all major currencies acceptable to the Hedge Lender
(provided that the Borrower is doing business in such currency and the quantum
or amount of any currency being hedged or managed is reasonable in relation to
the volume of the Borrower's business being conducted in any such currency).

“GAAP” means generally accepted accounting principles in
effect from time to time in the United States, applicable to the relevant
Person, applied in a consistent manner from period to period. 

“Global” means SunOpta Global Organic Ingredients, Inc.,
a corporation formed under the laws of California, and its successors and
permitted assigns. 

“Government Approvals” means, with respect to any
Person, all material licenses, permits, consents, authorizations and approvals
from any and all Governmental Authorities required for the conduct of that
Person's business as presently conducted. 

“Governmental Authority” has the meaning set forth in
the Provisions. 

“Hazardous Material” has the same meaning as Hazardous
Substance. 

“Hazardous Substance” means any solid, liquid, gas,
odour, heat, sound, vibration, radiation or combination of them that may impair
the natural environment, injure or damage property or plant or animal life or
harm or impair the health of any individual and includes, but is not limited to,
petroleum, its derivatives, by-products or other hydrocarbons, asbestos,
controlled products, wastes and any other materials are regulated by
Environmental Laws or which may not by their nature be hazardous, either in fact
or as defined in or pursuant to any Environmental Laws but which become
prohibited, controlled or regulated by any Governmental Authority. 

“Hedge Agreement” has the meaning set
forth in Section 3.11(d). 

“Hedge Contract” means a Swap Transaction for the
purchase of Canadian Dollars, US Dollars, or any other currency in which one of
the Borrowers is doing business with US Dollars or Canadian Dollars, as
applicable, at an agreed rate of exchange on a specified date, an interest rate
or currency swap or any other interest or exchange rate exposure management
arrangement in respect of Canadian Dollars, US Dollars or any other currency in
which one of the Borrower's is doing business. 

“Hedge Contract Exposure” means, with reference to any
Hedge Contract, the amount owing to the issuer of that Hedge Contract in the
event of a default under and determined in accordance with the terms of the
applicable Hedge Agreement. 

“Hedge Lender” means, in respect of Hedge Contracts
issued or entered into under Facility A and/or Facility B, as applicable, BMO,
BMO Affiliates or Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
(including for greater certainty the following branches of Cooperatieve Centrale
Raiffeisen-Boerenleenbank B.A., the Utrecht branch, the New York branch, the
London branch or the Canadian branch), and each of the respective
successors and assigns of the foregoing in such capacity. 

- 23 -

“Impacted Lender” means any Lender as to which (a) the
L/C Lender or a Swingline Lender has a good faith belief that the Lender has
defaulted in fulfilling its obligations under one or more other syndicated
credit facilities or (b) an entity that controls the Lender has become insolvent
or become the subject of a dissolution, liquidation, winding-up, receivership,
bankruptcy or insolvency proceeding, or control of which shall have been taken
by any Governmental Authority, or the shares and subordinated debt of which
shall have been vested in Canada Deposit Insurance Corporation or any other
Governmental Authority. 

“Included Subsidiary” means any Subsidiary of
  SunOpta, which at any time has assets or revenues of greater than or equal to
  $100,000 and includes each of Mexico and Servicios. For greater certainty, the
  term “Included Subsidiary” shall not include any Person which
  is designated as an Excluded Subsidiary in accordance with the provisions of
  this Agreement.

“Including” means “including without limitation” and the
term “including” shall not be construed to limit any general statement which it
follows to the specific or similar items or matters immediately following it.

“Indemnified Person” means the Agent and each Lender
from time to time and its officers, directors, employees, attorneys and agents.

“Insured Eligible Accounts Receivable” means Eligible
Accounts Receivable insured through an Accounts Receivable Insurance Policy.

“Intellectual Property” means all trade or brand names,
business names, trade-marks (including logos), trade-mark registrations and
applications, brand names, service marks, service mark registrations and
applications, copyrights, copyright registrations and applications, issued
patents and pending applications and other patent rights, industrial design
registrations, pending applications and other industrial design rights, trade
secrets, proprietary information and know-how, equipment and parts lists and
descriptions, instruction manuals, inventions, inventors' notes, research data,
blue prints, drawings and designs, formulae, processes, technology and other
intellectual property, together with all registered user agreements, technology
transfer agreements and other agreements or instruments relating to any of the
foregoing.

“Interest Expense” means, with reference to the
Consolidated Borrower and any period, the cost of Funded Debt (other than Funded
Debt owing by an Obligor to another Obligor or Obligors) outstanding during that
period including interest charges, the interest component of Capital Leases,
fees payable in respect of letters of credit and letters of guarantee and
discounts incurred and fees payable in respect of bankers' acceptances, all
determined on a consolidated basis, but for greater certainty, excluding
Excluded Fees and principal amounts. 

“Interest Period” means, with respect to any Libor Loan,
the Contract Period of such Libor Loan. 

- 24 -

“Interest Payment Date” means, in respect of each Credit
Facility (other than in respect of Libor Loans made thereunder, as applicable),
the last Business Day of each month or such other day of each month as the Agent
and the relevant Borrowers may otherwise agree. 

“Inventory” means and includes all inventory and any
other goods which are held for sale or lease or are to be furnished under
contracts of service or consumed in the relevant Obligor's business, all goods
which are raw materials, work in process or finished goods, all goods which are
returned or repossessed goods, and all materials and supplies of every kind and
nature used or usable in connection with the acquisition, manufacture,
processing, supply, servicing, storing, packing, shipping, advertising, selling,
leasing or furnishing of the foregoing, and any constituents or ingredients
thereof. 

“Investment” has the meaning specified in Section
9.2(o). 

“Issuance Date” means the date on which a Letter of
Credit or a Letter of Guarantee is issued by the L/C Lender at the request of a
Borrower. 

“Issuing Bank” has the meaning specified in the
Provisions. On the date hereof, (a) the Issuing Bank in respect of Letters of
Credit and/or Letters of Guarantee issued at the request of SunOpta under
Facility A is BMO, and (b) the Issuing Bank in respect of Letters of Credit
and/or Letters of Guarantee issued at the request of SunOpta Food Group under
Facility B is BMO Chicago. 

“ITA” means the Income Tax Act (Canada) and any
successor thereto, and any regulations promulgated thereunder. 

“Landlord” means any landlord of an Obligor pursuant to
a lease agreement between such landlord and an Obligor, whether oral or in
writing, in respect of the lease of any property. 

“L/C Agreement” has the meaning specified in
Section 3.10(d). 

“L/C Lender” has the same meaning as Issuing Bank. 

“Lenders” means all of the banks and other institutions
named on the signature pages of this Agreement and any Eligible Assignee and
their successors and “Lender” means any one or all of them if the context
so requires. For greater certainty, without limiting the generality of the
foregoing, the term “Lender” shall mean, as of the date of this Agreement
and as applicable, (a) BMO in respect of Facility A, (b) each of BMO Chicago,
Rabobank and EDC in respect of Facility B, (c) each of BMO Chicago, Rabobank and
EDC in respect of Facility C, (d) each of BMO Chicago, Rabobank and EDC in
respect of Facility D, (e) the Swingline Lender, (f) each Hedge Lender and (g)
the L/C Lender. 

“Lending Office” means with respect to each Lender, the
branch of that Lender at the address set out opposite the Lender's name on
Schedule U or such other branch in Canada or the United States, as applicable,
as that Lender may advise the Borrowers and the Agent in writing from time to
time, and means, with respect to any Eligible Assignee, of all or any part of,
or any interest in, any Lender's rights and obligations hereunder, the office of
such Eligible Assignee located at its address located in Canada or the United
States, as applicable, and specified as such to the Agent from time to time by
such Eligible Assignee. 

- 25 -

“Letter of Credit” means a letter of credit issued by
the L/C Lender on behalf of the Lenders in respect of Facility A or Facility B
at the request and for the account of the relevant Borrower to beneficiaries.

“Letter of Guarantee” means a letter of guarantee issued
by the L/C Lender on behalf of the Lenders in respect of Facility A or Facility
B at the request and for the account of the relevant Borrower to beneficiaries.

“LIBO Rate” shall have the same meaning as LIBOR. 

“LIBO Rate Loan” shall have the same meaning as Libor
Loan. 

“LIBOR” means the rate of interest per annum for
deposits in US Dollars appearing on page 3750 of the Telerate screen as of 11:00
a.m. London time two Business Days in Toronto and London prior to the relevant
Drawdown Date or Rollover Date, for the designated maturity and the amount
selected, provided that if Telerate page 3750 is unavailable, then LIBOR shall
be determined by the Agent with reference to Reuters page LIBO as of 11:00 a.m.
London time two Business Days in Toronto and London prior to the relevant
Drawdown Date or Rollover Date, for the designated maturity and the amount
selected, further provided that if Reuters page LIBO is unavailable, then LIBOR
shall be determined by the Agent as the rate, if any, at which it is prepared to
offer deposits to leading banks in the London interbank Eurocurrency market in
US Dollars, for the designated maturity and the amount selected, for delivery on
the relevant Drawdown Date or Rollover Date. 

“Libor Interest Date” means, with respect to any Libor
Loan, the date falling on the last day of each Contract Period applicable to the
Libor Loan and, if the applicable Contract Period is longer than three months,
the date falling every three months after the beginning of the Contract Period
and the last day of the Contract Period. 

“Libor Loan” means an Advance which is denominated in US
Dollars and in respect of which a Borrower has elected to pay interest in
accordance with Section 4.3. 

“Lien” means any mortgage, charge, lien, hypothec or
encumbrance, whether fixed or floating on, or any security interest in, any
property, whether real, personal or mixed, tangible or intangible, any pledge or
hypothecation of any property, any deposit arrangement, priority, conditional
sale agreement, other title retention agreement or equipment trust, Capital
Lease or other security arrangement of any kind. 

“LLC” means SunOpta LLC, a limited liability
company formed under the laws of the State of Delaware and its successors and
permitted assigns.

“Loan” means a Prime Loan, a USBR Loan, an Overdraft, a
US Prime Rate Loan, a Libor Loan or a Swing B Loan and “Loans” means any
combination of them. 

“Loan Documents” has the same meaning as Documents. 

- 26 -

“Loss” means any loss whatsoever, whether direct or
indirect, including expenses, costs, damages, judgments, penalties, awards,
assessments, fines and any and all fees, disbursements and expenses of counsel,
experts and consultants. 

“LP” means SunOpta LP, a limited partnership formed
under the laws of the State of Delaware and its successors and permitted
assigns. 

“Majority Lenders” means (i) at any time when there
exists two (2) or fewer Lenders under this Agreement, all such Lenders, (ii) at
any time when there exists three (3) or more Lenders under this Agreement and
there exists no Event of Default which is continuing, those Lenders having at
least 66.67% of the aggregate Total Commitment with respect to all Credit
Facilities at such time, and (iii) at any time when there exists three (3) or
more Lenders under this Agreement and there exists an Event of Default which is
continuing, those Lenders which are owed Obligations aggregating at least 66.67%
of the principal amount of all Obligations outstanding at such time, provided
however that the Commitments of, and the outstanding Obligations owing to,
any Defaulting Lender shall be excluded from all calculations for purposes of
making a determination of the Majority Lenders. 

“Mark-to-Market Amount” means in respect of
  all applicable Hedge Contracts (including all FEFCs and FX Collar Options) then
  outstanding, on any Business Day, the amount, if any, that would be owing by
  the Borrower under such Hedge Contracts (including all FEFCs and FX Collar Options),
  if (a) all such Hedge Contracts (including all FEFCs and FX Collar Options)
  (i) were governed by a single 1992 ISDA Master Agreement (Multicurrency –
  Cross Border) published by the International Swaps and Derivatives Association,
  Inc. between the Borrower and the applicable counterparties, as if all such
  counterparties were a single counterparty thereto, and (ii) were all being terminated
  as a result of a Termination Event with two Affected Parties on that Business
  Day, and (b) such amount, if any, was determined by making at mid-market the
  calculation required by Section 6(e)(ii)(2)(A) of such ISDA Master Agreement
  referred to above, provided that for the purposes of this definition (i) such
  amount, if any, shall be deemed to be $1.00 at any time when, as a result of
  such calculation, it would be less than $1.00 and (ii) “Termination Event”
  and “Affected Party” shall have the respective meanings attributed
  thereto in such ISDA Master Agreement referred to above.

“Material Adverse Change” means, with reference to any
Person, a change that would reasonably be expected to have a Material Adverse
Effect on that Person.

“Material Adverse Effect” means a material adverse
effect on (a) the business, operations, or property or financial or other
condition of all Obligors considered as a whole which would negatively affect
the ability of all Obligors to perform and discharge their obligations under
this Agreement, any of the other Documents, or their Material Contracts, (b)
material amounts of Collateral, the Agent's or any Lender's Liens on such
Collateral or the priority of those Liens, or (c) the Agent's or any Lender's
ability to enforce its rights or remedies in a material manner under this
Agreement or any of the other Documents.

“Material Contract” means, in respect of any Person, any
contract or agreement to which the Person is a party or by which it is bound
which is material to the businesses of all Obligors considered as a whole, having regard to its subject matter or
the potential consequences of breach or termination. 

- 27 -

“Material License” means, in respect of any Person, any
license granted to such Person which is material to the businesses of all
Obligors considered as a whole, having regard to its subject matter or the
potential consequences of breach or termination. 

“Maturity Date” means, with respect to each Credit
Facility, October 30, 2012. 

“Mexico” means SunOpta de Mexico, S. de R.L. de C.V., a
corporation incorporated under the laws of Mexico, and its successors and
permitted assigns. 

“Mortgage” means any deed of trust, trust deed,
hypothec, charge or mortgage in respect of a freehold or leasehold interest in
real property (including for greater certainty land and buildings and fixtures
thereon) made by an Obligor in favour or for the benefit of the Agent and/or the
Lenders, in form and substance reasonably satisfactory to the Agent. 

“Net Orderly Liquidation Value” means the appraised
value of unencumbered (except to the Agent and except for Permitted Liens)
Eligible Inventory and/or Eligible Equipment, as applicable, net of liquidation
expenses, conducted on a net orderly liquidation basis based on appraisal
reports provided for in Section 9.1(o) by an accredited appraiser satisfactory
to the Agent (a copy of which report shall be provided to SunOpta). 

“Non BA Lender” means a Lender that cannot or does not
as a matter of policy issue B/As. 

“Obligations” means all loans, advances, debts,
liabilities and obligations for the performance of covenants, tasks or duties or
for the payment of monetary amounts (whether or not performance is then required
or contingent, or whether or not those amounts are liquidated or determinable),
including Banking Product Debt, owing by any one or more of the Borrowers to the
Agent and the Lenders (and any one or more of them) or to any BMO Affiliate in
connection with Banking Products, as applicable, under any or all of the
Documents (including without limitation under any Hedge Agreement, Hedge
Contract or any Document relating to Banking Products), and all covenants and
duties regarding those amounts, of any kind or nature, present or future,
whether or not evidenced by any agreement or other instrument, owing under any
or all of the Documents including all obligations owed by the Borrowers to the
Lenders under or in connection with the Credit Facilities. 

“Obligor” has the meaning given to it
  in the Provisions. Without limiting the Provisions, “Obligor”
  means each of the Borrowers, any other Person delivering any of the Security
  Documents, any Additional Obligor or any Person executing this Agreement as
  Obligor, and in each case their respective successors, and “Obligors”
  means all of them. For greater certainty, the term “Obligor”
  includes without limitation, 1510146 Ontario, 7599153 Canada, LP, SunOpta Fruit,
  Sunrich, ULC, LLC, SunOpta Holding, Aseptic, SunOpta Ingredients, Dahlgren,
  Global, Mexico and Servicios.

“Original Agreement” has the meaning given to it in the
recitals to this Agreement. 

“Original Closing Date” means October 30, 2009. 

- 28 -

“Original Currency” has the meaning given to it in
Section 13.6. 

“Other Currency” has the meaning given to it in Section
13.6. 

“Other Original Lender” has the meaning given to it in
the recitals to this Agreement. 

“Overdraft” means a Canadian Overdraft and/or a US
Overdraft as the context requires. 

“Permitted Investments” means Investments by any Obligor
in Persons or assets principally related to the natural or organic food
business, provided that (i) the aggregate of all Investments made by all
Obligors in any Fiscal Year of SunOpta shall not exceed the aggregate maximum
amount of US$5,000,000, (ii) each Investment in any such Person or assets shall
be accretive to the earnings of the relevant Obligor, (iii) each Investment in
any such Person shall not be or consist of a hostile takeover, (iv) in
circumstances where an equity Investment will cost in excess of US$2,000,000 the
Obligor shall acquire not less than a 51% equity ownership interest in the
relevant Person if the Investment is effected by way of an equity purchase as
opposed to an asset purchase, (v) all debts and liabilities for borrowed money
attached to or associated with such Investment (other than in favour of the
Lenders hereunder) must be repaid upon the closing of the Investment and all
Liens in connection therewith must be discharged, provided that,
notwithstanding the foregoing, if the Investment is in a Person that will, as a
result of such Investment, become a Subsidiary, the relevant Obligor may take up
to 30 days after making such Investment to repay all debts and liabilities for
borrowed money attached to or associated with such Investment (other than in
favour of the Lenders hereunder), discharge all Liens and provide the Lenders
with such first (subject to Permitted Liens) ranking security as the Lenders may
require, (vi) if the Investment in whole or in part is to be funded by the
proceeds of Advances under Facility A or Facility B, then after giving effect to
the requested Advance, the Excess Availability shall be no less than 15% of the
combined Total Commitment in respect of Facility A and Facility B, and (vii)
other than Debt not prohibited by this Agreement, no Debt shall be incurred by
any Obligor in connection with any Investment. For greater certainty, no
separate Investment shall be permitted if such Investment were to cause the
foregoing US$5,000,000 aggregate limit to be exceeded. 

“Permitted Liens” means, with respect to any property or
asset of any Person: 

	 	(a) 	
      in respect of personal property:

	 	 	 	 
	 		(i) 	
      Liens arising under the Documents or intended to be
      created pursuant to this Agreement or any Security Document;

	 	 	 	 
	 		(ii) 	
      Liens for Taxes against personal property (A) which are
      not delinquent or remain payable without penalty or which are being
      contested in good faith in accordance with Section 9.1(j) by appropriate
      proceedings and (B) for which appropriate reserves have been taken in
      accordance with GAAP, provided that, in respect of this clause
      (ii), all such Liens secure claims in the aggregate at any time
      outstanding for the Obligors not exceeding $100,000, excluding any such
      Lien where there is any material risk that enforcement proceedings in
      respect thereof will result in the seizure or sale of the relevant
      property or assets;

- 29 - 

	 	(iii) 	
      carriers', warehousemen's, mechanics', landlords',
      materialmen's, repairmen's or other similar Liens arising in the ordinary
      course of business which are not delinquent for more than 90 days or
      remain payable without penalty or which are being contested in good faith
      and by appropriate proceedings diligently prosecuted, which proceedings
      have the effect of preventing the forfeiture or sale of the property or
      assets subject thereto and for which adequate reserves in accordance with
      GAAP are being maintained;

	 	 	 
	 	(iv) 	
      Liens (other than any Lien imposed in respect of a
      Canadian Pension Plan) consisting of pledges or deposits required in the
      ordinary course of business in connection with workplace safety insurance,
      employment insurance and other social security legislation or to secure
      the performance of tenders, statutory obligations, surety, stay, customs
      and appeals bonds, bids, leases, governmental contracts, trade contracts,
      performance and return of money bonds and other similar obligations
      (exclusive of obligations for the payment of borrowed money) or to secure
      liability to insurance carriers;

	 	 	 
	 	(v) 	
      Purchase Money Liens securing indebtedness not in excess
      of $500,000 in the aggregate;

	 	 	 
	 	(vi) 	
      Liens arising in respect of indebtedness between any of
      the Obligors provided that such indebtedness is assigned or charged to the
      Agent on behalf of the Lenders;

	 	 	 
	 	(vii) 	
      existing Liens arising in respect of Existing Obligors'
      Debt;

	 	 	 
	 	(viii) 	
      any interest or title of a lessor or sublessor under any
      lease permitted by this Agreement;

	 	 	 
	 	(ix) 	
      Liens charging cash collateral of up to US$2,000,000 in
      the aggregate granted to an issuer or issuers of letters of credit or
      letters of guarantee issued at an Obligor's request;

	 	 	 
	 	(x) 	
      Liens, if any, in favour of the Hedge Lender, the L/C
      Lender and/or the Swingline Lender to cash collateralize or otherwise
      secure the obligations of a Defaulting Lender or an Impacted Lender to
      fund risk participations hereunder;

	 	 	 
	 	(xi) 	
      Liens disclosed in Schedule BB hereto; and

	 	 	 
	 	(xii) 	
      statutory Liens which secure payment of amounts not in
      arrears; and

	 	(b) 	
      in respect of real property (whether leased or
    owned):

	 	 	 	 
	 		(i) 	
      permits, licenses, agreements, restrictions, easements,
      rights-of-way and other similar interests in land (including permits,
      licenses, agreements, restrictions, easements and
rights-of-way for sidewalks, public ways, sewers, drains, gas steam and water
mains, utilities, telephone and telegraph conduits, poles, wires and cables)
which will not materially impair the use or the value of the real property and
improvements thereon; 

- 30 -

	 	(ii) 	
      reservations, limitations, provisos and conditions, if
      any, expressed in any original grants from the Crown;

	 	 	 
	 	(iii) 	
      Liens for Taxes against real property which are not
      delinquent or remain payable without penalty or which are being contested
      in good faith in accordance with Section 9.1(j) by appropriate proceedings
      and for which appropriate reserves have been taken in accordance with
      GAAP, provided that, in respect of this clause (iii), all such
      Liens secure claims in the aggregate at any time outstanding for the
      Obligors not exceeding $100,000, excluding any such Lien where there is
      any material risk that enforcement proceedings in respect thereof will
      result in the seizure or sale of the relevant property or
assets;

	 	 	 
	 	(iv) 	
      the Liens of the Security Documents created or intended
      to be created pursuant to this Agreement or any Security
  Document;

	 	 	 
	 	(v) 	
      any interest or title of a lessor or sublessor under any
      real property lease permitted by this Agreement; and

	 	 	 
	 	(vi) 	
      statutory Liens which secure payment of amounts not in
      arrears.

“Person” has the meaning given to it in the Provisions.

“Pricing Grid” means the Facility AB Pricing Grid or the
Facility CD Pricing Grid as the context may require. 

“Prime Loan” means an Advance which is denominated
in Canadian Dollars (including Canadian Overdrafts) and in respect of which a
Borrower has elected to pay interest in accordance with Section 4.1(a). 

“Prime Rate” means, with respect to a Prime Loan or a
Canadian Overdraft, on any day, the greater of (a) the annual rate of interest
announced from time to time by the Agent as being its reference rate then in
effect for determining interest rates on Canadian Dollar denominated commercial
loans made by it in Canada, and (b) the one month CDOR Rate in effect from time
to time, plus 100 Basis Points per annum. Any change in Prime Rate shall be
effective on the date the change becomes effective generally.

“Principal amount” means (a) with reference to any
Advance, the principal amount thereof; (b) with reference to a Bankers'
Acceptance, the face amount thereof; and (c) with reference to a Letter of
Credit or a Letter of Guarantee, the maximum amount payable to the beneficiary
thereof. 

“Provisions” means the model credit agreement provisions
attached as Schedule X. 

- 31 -

“Purchase Money Liens” means any Lien on Fixed Assets
(including Capital Leases but, for greater certainty, excluding real property)
to secure the payment of the purchase price of those Fixed Assets where the
amount of the obligations secured does not exceed 100% of the cost of those
Fixed Assets; and extensions, renewals or replacements of such Lien if the
amount of the obligations secured thereby is not increased. 

“Rabobank” means the Canadian branch of Cooperatieve
  Centrale Raiffesein-Boerenleenbank B.A., a full service branch under Schedule
  III of the Bank Act (Canada) which is also referred to as Rabobank Nederland
  Canadian Branch, and its successors and assigns.

“Rateable Portion” means, with reference to any Lender:

	 	(i) 	
      in the context of such Lender's obligation to make
      Advances (other than by way of Hedge Contracts and Swing B Loans) under
      all Credit Facilities, such Lender's Commitment to make Advances (other
      than by way of Hedge Contracts and Swing B Loans) under all Credit
      Facilities divided by the aggregate amount of all Lenders' Commitments to
      make Advances (other than by way of Hedge Contracts and Swing B Loans)
      under all Credit Facilities, determined without regard to, as applicable,
      the Swing Line B Sublimit and Hedge Contracts;

	 	 	 
	 	(ii) 	
      in the context of such Lender's obligations to make
      Advances (other than by way of Hedge Contracts and Swing B Loans) under a
      Credit Facility, such Lender's Commitment to make Advances (other than by
      way of Hedge Contracts and Swing B Loans) under such Credit Facility
      divided by the aggregate amount of all Lenders' Commitments to make
      Advances (other than by way of Hedge Contracts and Swing B Loans) under
      such Credit Facility, determined without regard to, as applicable, the
      Swing Line B Sublimit and Hedge Contracts;

	 	 	 
	 	(iii) 	
      in the context of such Lender's entitlement to receive a
      portion of the standby fee in respect of Facility A or Facility B, as
      applicable, payable pursuant to Section 4.7, such Lender's Commitment to
      make Advances under the relevant Credit Facility divided by the aggregate
      amount of all Lenders' Commitments to make Advances under the relevant
      Credit Facility;

	 	 	 
	 	(iv) 	
      in the context of such Lender's entitlement to receive
      payments of principal, interest or fees under all Credit Facilities (other
      than a portion of the standby fee referred to in clause (iii) immediately
      above) at any time prior to the making by the Agent of a declaration under
      Section 10.2, the amount of the outstanding Advances due to such Lender
      under all Credit Facilities divided by the aggregate amount of the
      outstanding Advances due to all Lenders under all Credit
  Facilities;

	 	 	 
	 	(v) 	
      in the context of any Lender's entitlement to receive
      payments of principal, interest or fees under a Credit Facility (other
      than a portion of the standby fee referred in clause
(iii) above) at any time prior to the making by the Agent of a declaration under
Section 10.2, the amount of the outstanding Advances due to such Lender under
such Credit Facility divided by the aggregate amount of the outstanding Advances
due to all Lenders under such Credit Facility; 

- 32 -

	 	(vi) 	
      in the context of such Lender's entitlement to receive
      any payment on account of the Obligations owed to such Lender at any time
      after the making by the Agent of a declaration under Section 10.2, the
      amount of the Obligations then owed to such Lender divided by the
      aggregate amount of the Obligations then owed to all Lenders;
and

	 	 	 
	 	(vii) 	
      in any other context such Lender's Commitments divided by
      the aggregate of all Lenders' Commitments.

“Release” means a discharging, spraying, injection,
abandonment, depositing, spilling, leaking, seeping, pouring, emitting,
emptying, throwing, dumping, placing, pumping, escaping, leaching, migrating,
dispensing, dispersal, disposing, and exhausting, and when used as a noun has a
correlative meaning. 

“Required Lenders” shall have the same meaning as
Majority Lenders. 

“Reuters Screen CDOR Page” means the display designated
as page CDOR on the Reuters Monitor Money Rates Service or other page as may,
from time to time, replace that page on that service for the purpose of
displaying bid quotations for bankers' acceptances accepted by leading Canadian
banks. 

“Reuters Screen LIBO Page” means the display designated
as page LIBO on the Reuters Monitor Money Rates Service or other page as may,
from time to time, replace that page on that service for the purpose of
displaying interbank offered rates for deposits in the London interbank
Eurocurrency market. 

“Rollover” means the rollover of an Advance by way of
Libor Loan, Bankers' Acceptance, Letter of Credit or Letter of Guarantee for an
additional Contract Period under Section 3.8(c), Section 3.9(i) or Section
3.9(h), respectively. 

“Rollover Date” means the Business Day on which a
Rollover occurs. 

“Scheduled Payments” means payments made in
accordance with Section 5.2 and “Scheduled Payment” means any such payment.

“Schedules” means the schedules attached to and forming
part of this Agreement, as particularized in Section 1.11. 

“Schedule I Lender” means any Lender named on Schedule I
to the Bank Act (Canada). 

“Schedule II Lender” means any Lender named
  on Schedule II to the Bank Act (Canada).

- 33 -

“Schedule III Lender” means any Lender named on Schedule
III to the Bank Act (Canada). 

“Security” means all security held from time to time by
or on behalf of the Lenders or the Agent by or on behalf of the Lenders,
securing or intended to secure directly or indirectly payment of the
Obligations, or payment of the obligations of any Obligor (other than a
Borrower) to the Agent and the Lenders in connection with the applicable
Documents to which such Obligor is a party, and includes all Security described
in Section 7. 

“Security Documents” means the Documents creating Liens
on the assets of the Obligors, in favour of a Lender or the Agent on behalf of
the Lenders, including without limitation the Documents creating Liens set out
in Section 7.1 and, when used in relation to any Person, the term “Security
Documents” means the Security Documents executed and delivered by such
Person. 

“Servicios” means Servicios SunOpta, S. de R.L. de C.V.,
a corporation formed under the laws of Mexico, and its successors and permitted
assigns. 

“Subordinated Debt” means Debt owing by any Obligor
where the payee has agreed to postpone payment of all principal and interest on
such Debt to payment and satisfaction in full of the Obligations and has
subordinated any security taken in respect of such Debt to the position of the
Agent on behalf of the Lenders under the Security Documents, all in form and
substance satisfactory to the Agent in its discretion, and which is disclosed in
Schedule AA or added to Schedule AA from time to time by written notice from the
Borrower to, and with the consent of, the Agent. 

“Subsidiary” of a Person means (a) any corporation of
which the Person and/or any one of its Affiliates holds, directly or indirectly,
other than by way of security only, securities to which are attached more than
50% of the votes that may be cast to elect directors of such corporation, (b)
any corporation of which the Person and/or any one of its Affiliates has,
through operation of law or otherwise, the ability to elect or cause the
election of a majority of the directors of such corporation, (c) any
partnership, limited liability company, unlimited liability company or joint
venture in which such Person and/or one or more of its Affiliates has, directly
or indirectly, more than 50% of the votes that may be cast to elect the
governing body of such entity or otherwise control its activity, and (d) any
partnership, limited liability company, unlimited liability company or joint
venture in which such Person and/or one or more of its Affiliates has, through
operation of law or otherwise, the ability to elect or cause the election of a
majority of the members of the governing body of such entity or otherwise
control its activity. 

“Sufficient Copies” means, in respect of documents
required to be delivered under this Agreement, the number of copies of each
document equal to the number of Lenders plus the Agent at the time the document
is delivered, unless the Borrower is otherwise notified by the Agent. 

“SunOpta” means SunOpta Inc., a corporation amalgamated
under the laws of Canada, and its successors and permitted assigns. 

“SunOpta Food Group” means SunOpta Food Group LLC, a
limited liability company formed under the laws of Delaware, and its successors
and permitted assigns. 

- 34 -

“SunOpta Fruit” means SunOpta Fruit Group, Inc., a
corporation formed under the laws of California, and its successors and
permitted assigns. 

“SunOpta Holdings” means SunOpta Holdings Inc., a
corporation incorporated under the laws of Delaware, and its successors and
permitted assigns. 

“SunOpta Ingredients” means SunOpta Ingredients, Inc. a
corporation formed under the laws of Delaware, and its successors and permitted
assigns.

“Sunrich” means Sunrich LLC, a limited liability
company formed under the laws of Minnesota, and its successors and permitted
assigns. 

“Swap Transaction” means an agreement which may be
entered into between the Hedge Lender and a Borrower in connection with the
management of foreign exchange risks in all major currencies acceptable to the
Hedge Lender (provided that the Borrower is doing business in such currency and
the quantum or amount of any currency being hedged or managed is reasonable in
relation to the volume of the Borrower's business being conducted in any such
currency) and includes (a) FEFCs, (b) FX Collar Options, and (c) financial
products offered by the Hedge Lender to the Borrower in connection with
management of interest rate risks including forward rate agreements and interest
rate swaps, but excludes any agreement relating to commodity transactions. 

“Swing B Loan” has the meaning assigned thereto in
Section 3.18. 

“Swing Line B Sublimit” means US$10,000,000. 

“Swingline Lender” means, in respect of Facility B, BMO
Chicago and its successors and permitted assigns in such capacity. 

“Tangible Net Worth” means, with respect to the
Consolidated Borrower, the sum of the book values of all common share capital,
contributed surplus, retained earnings and unrealized foreign currency
adjustments of the Consolidated Borrower plus any preferred share capital and
Subordinated Debt, less Accounts Receivable owed by Affiliates of the Obligors
to the Obligors, investments in Affiliates, deferred charges, goodwill,
organizational expenses, trademarks, tradenames, copyrights, patents, patent
applications, licenses, deferred costs and any such other assets as are properly
classified as “intangible”.

“Taxes” has the meaning given to it in the Provisions.

“Total Commitment” means, (a) with respect to Facility
A, $5,000,000, (b) with respect to Facility B, US$100,000,000, (c) with respect
to Facility C, [US$13,000,000], and (d) with respect to Facility D,
[US$17,000,000], as such amounts may be reduced or cancelled in
accordance with this Agreement. 

“Total Liabilities” means all liabilities of the
Consolidated Borrower as determined in accordance with GAAP but excludes,
however, for purposes of this definition, Funded Debt which constitutes
Subordinated Debt. 

- 35 -

“ULC” means 3060385 Nova Scotia Company, an
unlimited liability company formed under the laws of Nova Scotia, and its
successors and permitted assigns. 

“Unanimous Lenders” means (a) all of the Lenders under
Facility A, (b) all of the Lenders under Facility B, (c) all of the Lenders
under Facility C and (d) all of the Lenders under Facility D. 

“US Base Rate” means, with respect to a USBR Loan or a
US Overdraft, on any day, the greater of (a) the annual rate of interest
announced from time to time by the Agent as being its reference rate then in
effect for determining rates on US Dollar denominated commercial loans made by
it in Canada, and (b) the Federal Funds Effective Rate in effect from time to
time (multiplied by 365 or 366/360 if the rate is calculated on the basis of a
360 day year), plus 100 Basis Points per annum. Any change in the US Base Rate
shall be effective on the date the change becomes effective generally.

“USBR Loan” means an Advance which is denominated in US
Dollars and in respect of which the Borrower has elected to pay interest in
accordance with Section 4.2(a) (including US Overdrafts). 

“US Dollars” and the symbol “US$” each means
lawful money of the United States of America. 

“US Dollar Amount” means, for any amount on any
particular date, the aggregate of: (a) the portion, if any, of the amount
denominated in US Dollars; and (b) the amount in US Dollars (determined on that
date unless otherwise specified herein in accordance with Section 1.4) of the
portion, if any, of the amount denominated in Canadian Dollars or any other
relevant currency. 

“US Overdraft” means any draw by SunOpta by way of
overdraft under Facility A on any of its US Dollar current accounts maintained
with BMO, as applicable. 

“US Prime Rate Loan” means an Advance made by a Lender
under Facility B which is denominated in US Dollars and in respect of which a
Borrower has elected to pay interest in accordance with Section 4.2. 

“US Prime Rate” means a fluctuating rate of interest per
annum, expressed on the basis of a year of 360 days, as applicable, which is
equal at all times to the greater of (a) the reference rate of interest (however
designated) of the Chicago Branch of the Agent for determining interest
chargeable by it on United States Dollar commercial loans in the United States
and (b) the sum of (i) the Federal Funds Effective Rate and (ii) 100 Basis
Points per annum. Any change in the US Prime Rate shall be effective on the date
the change becomes effective generally. 

“US Pension Plan” means a “pension plan”, as such
term is defined in Section 3(2) of ERISA, which is subject to Title IV of ERISA
(other than a multiemployer plan as defined in Section 4001(a)(3) of ERISA), and
to which an Obligor, or any corporation, trade or business that is, along with
any other Person, a member of a Controlled Group, may reasonably be expected to
have liability, including any liability by reason of having been a substantial
employer within the meaning of Section 4063 of ERISA at any time during the
preceding five years, or by reason of being deemed to be a contributing sponsor
under Section 4069 of ERISA. 

- 36 -

“US Welfare Plan” means a “welfare plan”, as such term
is defined in Section 3(1) of ERISA. 

“Written” or “in writing” includes printing,
typewriting, or any electronic means of communication capable of being legibly
reproduced at the point of reception. 

“1510146 Ontario” means 1510146 Ontario Inc., a
corporation incorporated under the laws of Ontario, and its successors and
permitted assigns. 

“7599153 Canada” means 7599153 Canada Inc., a
corporation continued and existing under the laws of Canada as a result of the
continuance of 0647207 B.C. Ltd. (formerly known as Drive Organics Corporation)
from British Columbia to Canada effective as of August 23, 2010, and its
successors and permitted assigns. 

1.2    Business
Day.

If under this Agreement any payment or calculation is to be
made, or any other action is to be taken, on or as of a day which is not a
Business Day, that payment or calculation is to be made, and that other action
is to be taken, as applicable, on or as of the next day that is a Business Day
unless the Business Day next following the day is in the next following month,
in which event the payment, calculation or action shall be made or taken on or
as of the immediately preceding Business Day. 

1.3    Conflict.

If there is a conflict or inconsistency between any provision
of this Agreement and any provision of another document contemplated by or
delivered under or in connection with this Agreement, the relevant provision of
this Agreement is to prevail. For greater certainty, notwithstanding events of
default set forth in the Security Documents, the Events of Default shall, if the
Events of Default conflict with the events of default set forth is such Security
Documents, be the Events of Default to the extent required to remove the
conflict, and if a particular event of default is set out in such other Security
Document and is not set out in this Agreement, provided that such event of
default does not pertain to representations, warranties, covenants or other
matters relating specifically to the property secured, charged or hypothecated
by the relevant Security Document, the particular event of default shall not be
effective as an event of default in that Security Document. For greater
certainty, the events of default contained in the Security Documents will only
be effective and apply to the extent that the relevant representation, warranty
and/or covenant relating specifically to the property secured, charged or
hypothecated by such Security Document is not addressed in this Agreement. 

1.4    Currency.

Unless otherwise specified, all amounts are stated in Canadian
Dollars. For the purpose of determining the aggregate Canadian Dollar Amount
outstanding on any date of one or more Advances made hereunder, unless otherwise
specified, the principal amount of any Advances made in US$ and the face amount
of any Letters of Credit and Letters of Guarantee denominated in US$ shall be
converted to Canadian Dollars at the rate then being used for this purpose by
the Agent on such date, or, if such date is not a Business Day, on the next
Business Day. For the purpose of determining the aggregate US Dollar Amount
outstanding on any date of one or more Advances made hereunder, unless otherwise specified, the
principal amount of any Advances made in Canadian Dollars and the face amount of
any Bankers' Acceptances, Letters of Credit and Letters of Guarantee denominated
in Canadian Dollars or any other relevant currency shall be converted to US
Dollars at the rate then being used for this purpose by the Agent on such date,
or, if such date is not a Business Day on the next Business Day. In addition to
the foregoing, and for greater certainty, for purposes of determining at any
time the amount of the Commitments in connection with the definition of Majority
Lenders or Required Lenders, the term Commitments shall, for such purpose, refer
to the US Dollar Amount of such Commitments. 

- 37 -

1.5    References.

Time shall be of the essence in all provisions of this
Agreement. The division of this Agreement into sections, the insertion of
headings and the provision of a table of contents are for convenience of
reference only and are not to affect the construction or interpretation of this
Agreement. Unless otherwise specified, words importing the singular include the
plural and vice versa and words importing gender include all genders. Unless
otherwise specified, references in this Agreement to Sections and Schedules are
to sections of, and schedules to, this Agreement. Unless otherwise specified,
each reference to an enactment is deemed to be a reference to that enactment,
and to the regulations made under that enactment, as amended or re-enacted from
time to time. Unless otherwise specified, references to time of day or date mean
the local time or date in the City of Toronto, Ontario. 

1.6    Quebec References.

For purposes of any Collateral located in the Province of
Quebec or charged by any deed of hypothec (or any other Document) and for all
other purposes pursuant to which the interpretation or construction of a
Document may be subject to the laws of the Province of Quebec or a court or
tribunal exercising jurisdiction in the Province of Quebec, (a) “personal
property” shall be deemed to include “movable property”, (b) “real property”
shall be deemed to include “immovable property”, (c) “tangible property” shall
be deemed to include “corporeal property”, (d) “intangible property” shall be
deemed to include “incorporeal property”, (e) ”security interest” and “mortgage”
shall be deemed to include a “hypothec”, (f) all references to filing,
registering or recording under the Uniform Commercial Code or personal property
security legislation shall be deemed to include publication under the Civil Code
of Québec, (g) all references to “perfection” of or “perfected” Liens shall be
deemed to include a reference to the “opposability” of such Liens to third
parties, (h) any “right of offset”, “right of setoff” or similar expression
shall be deemed to include a “right of compensation”, (e) “goods” shall be
deemed to include “corporeal movable property” other than chattel paper,
documents of title, instruments, money and securities, and (j) an “agent” shall
be deemed to include a “mandatary”.

1.7    GAAP

Unless otherwise specifically provided herein, any accounting
term used in this Agreement shall have the meaning customarily given such term
in accordance with GAAP, and all financial computations hereunder shall be
computed in accordance with GAAP consistently applied. That certain items or
computations are explicitly modified by the phrase “in accordance with GAAP” shall in no way be construed to limit the foregoing. If there
occurs after the date hereof any change in GAAP from that used in the
preparation of the financial statements referred to in Section 9.4 or if, after
the date hereof the Borrowers and its Subsidiaries adopt International Financial
Reporting Standards (“IFRS”) for use in the preparation of their
financial statements (such changes in GAAP and such adoption of IFRS being
referred to herein as “Accounting Changes”) that affects in any respect
the calculation of any covenants contained in this Agreement (including those in
Section 9.3), the Agent and the Borrowers shall negotiate in good faith
amendments to the provisions of this Agreement that relate to the calculation of
such covenants with the intent of having the respective positions of the Agent,
the Lenders and the Borrowers after such Accounting Changes conform as nearly as
possible to their respective positions as of the date of this Agreement and,
until any such amendments have been agreed upon by the Agent, the Lenders and
the Borrowers, or if no such changes are mutually agreed upon, the covenants in
this Agreement (including those in Section 9.3) shall be calculated as if no
Accounting Changes have occurred and all financial statements of the Borrowers
and their Subsidiaries shall be prepared and delivered in accordance with GAAP.
If the Accounting Changes result from the adoption of IFRS by the Borrowers and
such amendments have been agreed upon by the Agent, the Lenders and the
Borrowers, all financial statements of the Borrowers and their Subsidiaries must
thereafter be prepared and delivered in accordance with IFRS as in effect from
time to time. 

- 38 -

1.8    Governing Law.

The Province referred to in sections 11(a) and (b) of the
Provisions is the Province of Ontario. The law governing this Agreement shall
also govern each of the Documents (unless the particular Document otherwise
provides). 

1.9    Entire Agreement.

This Agreement and all Documents constitute the entire
agreement between the parties with respect to the subject matter and supersede
all prior agreements, negotiations, discussions, undertakings, representations,
warranties and understandings, whether written or oral, submitted to the
Borrowers by the Agent and the Lenders. 

1.10  Severability.

If any provision of this Agreement is or becomes illegal,
invalid or unenforceable in any jurisdiction, the illegality, invalidity or
unenforceability of that provision will not affect (a) the legality, validity or
enforceability of the remaining provisions of this Agreement; or (b) the
legality, validity or enforceability of that provision in any other
jurisdiction. 

1.11  Schedules.

The following Schedules are attached to and form part of this
Agreement:

	Schedule 	Description 
	A 	Additional
      Obligor Counterpart 
	B 	Borrowers Accounts 
	C 	Business and
      Operations 

- 39 - 

	Schedule 	Description 
	D 	Governmental
      Approvals 
	E 	Litigation 
	F 	Unpaid Taxes
  
	G 	Subsidiaries and Corporate Chart
    
	H 	Labour Matters
  
	I 	Real Property and Locations of
      Collateral 
	J 	Intellectual
      Property 
	K 	Environmental Matters 
	L 	Material
      Contracts and Material Licenses 
	M 	Notice of Advance 
	N 	Rollover and
      Conversion Notice 
	O 	Power Of Attorney – Banker's
      Acceptance and BA Equivalent Loans 
	P-1 	Intentionally Deleted 
	P-2 	Intentionally
      Deleted 
	P-3 	Intentionally Deleted 
	P-4 	Intentionally
      Deleted 
	Q 	Prepayment Notice 
	R 	Existing
      Obligor's Debt 
	S 	Transactions with Affiliates
  
	T 	Compliance
      Certificate 
	U 	Lenders Lending Offices 
	V 	Commitments

	W-1 	Facility A Borrowing Base
      Certificate 
	W-2 	Facility B
      Borrowing Base Certificate 
	X 	Model Credit Agreement Provisions
    
	Y 	Excluded
      Subsidiaries 
	Z 	Intentionally Deleted 
	AA 	Subordinated Debt
    
	BB 	Permitted Liens 
	CC 	BMO Affiliates
  

SECTION 2 

  REPRESENTATIONS AND WARRANTIES 

2.1    Representations,
Warranties and Agreements of the Obligors. 

Each Obligor, for itself and only with respect to itself, makes
the following representations and warranties to the Agent and each Lender, all
of which shall survive the execution and delivery of this Agreement and
acknowledges and confirms that the Agent and each Lender is relying on such
representations and warranties in entering into this Agreement, all other
Documents and making Advances hereunder: 

	 	(a) 	
      Corporate Status. It (i) is a duly
      organized and validly existing corporation or partnership or other entity,
      as applicable, in good standing under the laws of the jurisdiction of its
      incorporation or formation, (ii) has the power and authority
  to own its property and assets and to
transact the business in which it is engaged and presently proposes to engage,
and (iii) is duly qualified as a foreign corporation or partnership or other
entity or an extra-provincial corporation or partnership or other entity and is
in good standing in each jurisdiction where the ownership, leasing or operation
of its property or the conduct of its business requires such qualification. 

- 40 -

	 	(b) 	
      Power and Authority. It has the power to
      execute, deliver and perform the terms and provisions of each of the
      Documents signed by it and has taken all necessary action to authorize the
      execution, delivery and performance by it of each of such Documents signed
      by it. It has duly executed and delivered each of the Documents signed by
      it, and each such Document constitutes its legal, valid and binding
      obligation enforceable against it in accordance with its terms, subject to
      (i) applicable bankruptcy, reorganization, moratorium or similar laws
      affecting creditors' generally, (ii) the fact that specific performance
      and injunctive relief may only be given at the discretion of the courts,
      and (iii) the equitable or statutory powers of the courts to stay
      proceedings before them and to stay the execution of judgments.

	 	 	 
	 	(c) 	
      No Violation. Neither the execution,
      delivery or performance by it of the Documents signed by it, nor
      compliance by it with the terms and provisions thereof, (i) will
      contravene any Applicable Law, (ii) will conflict with or result in any
      breach of any of the terms, covenants, conditions or provisions of, or
      constitute a default under, or result in the creation or imposition of (or
      the obligation to create or impose) any Lien (except pursuant to the
      Security Documents) upon any of its property or assets pursuant to the
      terms of any indenture, mortgage, deed of trust, credit agreement, loan
      agreement or any other agreement, contract or instrument to which it is a
      party or by which it or any of its property or assets is bound or to which
      it may be subject, or (iii) will violate any provision of its constating
      documents.

	 	 	 
	 	(d) 	
      Business and Operations. Its business and
      operations and locations of its business and operations (including the
      location of its chief executive office) are accurately described in
      Schedule C.

	 	 	 
	 	(e) 	
      Governmental Approvals. Except as set forth
      in Schedule D, no order, consent, certificate, approval, permit, license,
      authorization or validation of, or filing, recording or registration with
      or exemption by (except as have been obtained or made prior to the date
      hereof or exist and are in full force and effect) any Person (including
      any Governmental Authority), is required to authorize, or is required in
      connection with (i) the execution, delivery and performance by it of any
      Document, or (ii) the legality, validity, binding effect or enforceability
      with respect to it of any such Document (other than the registration of
      Security Documents or financing statements with respect
thereto).

	 	 	 
	 	(f) 	
      Security Documents. The Security Documents
      create valid and enforceable Liens upon the Collateral on the terms set
      out therein, subject only to the terms of this Agreement and to Permitted Liens, and
the Security Documents or financing statements with respect thereto have been
registered or recorded in all places where registration and recording is
necessary to protect the charges and security interests created therein. 

- 41 -

	 	(g) 	
      Title to Collateral. It has good and
      marketable title to all Collateral free and clear of all Liens except
      Permitted Liens.

	 	 	 	 
	 	(h) 	
      Financial Statements; Financial Condition;
      Undisclosed Liabilities.

	 	 	 	 
	 		(i) 	
      The consolidated financial statements submitted to the
      Lenders for the period ended September 30, 2010 and each subsequent set of
      audited and internally prepared financial statements submitted to the
      Lenders present fairly (subject, in the case of interim internally
      prepared financial statements, to normal year end adjustments) the
      financial position of the Obligors, as at the date of said statements and
      the results of operations for the periods covered thereby and all such
      financial statements have been prepared in accordance with GAAP
      consistently applied except to the extent provided in the notes to said
      financial statements. Since September 30, 2010 there has been no Material
      Adverse Change to any Obligor; and

	 	 	 	 
	 		(ii) 	
      Except as fully reflected in the financial statements and
      the notes related thereto described in Section 2.1(h)(i), there were no
      liabilities or obligations with respect to it of any nature whatsoever
      (whether absolute, accrued, contingent or otherwise and whether or not
      due) which, either individually or in aggregate, would be material to it.
      It does not know of any basis for the assertion against it of any
      liability or obligation of any nature whatsoever that is not fully
      reflected in the financial statements and notes related thereto described
      in Section 2.1(h)(i) which, either individually or in the aggregate, would
      be material to it.

	 	 	 	 
	 	(i) 	
      Litigation. Except as set forth on Schedule
      E, there are no actions, suits or proceedings pending or threatened (i)
      with respect to any Document or the transactions contemplated thereby, or
      (ii) that are reasonably likely to have a Material Adverse Effect on
      it.

	 	 	 	 
	 	(j) 	
      True and Complete Disclosure. All factual
      information heretofore or contemporaneously furnished by or on behalf of
      it in writing to the Agent and/or the Lenders (including all information
      contained in the Documents) for purposes of or in connection with this
      Agreement or any transaction contemplated herein, is true and accurate in
      all material respects on the date as of which such information is dated or
      certified and is not incomplete by omitting to state any fact necessary to
      make such information (taken as a whole) not misleading at such time in
      light of the circumstances under which such information was
    provided.

- 42 -

	 	(k) 	
      Tax Returns and Payments. Except as set
      forth in Schedule F, (i) it has filed or caused to be filed all Tax
      returns which are required to have been filed with respect to its five
      most recent tax years, and has paid all Taxes shown to be due and payable
      on those returns or any assessments made against it and all other Taxes,
      fees or other charges imposed on it by any Governmental Authority, other
      than those the amount of or validity of which is currently being contested
      in good faith by appropriate proceedings being diligently pursued, and
      with respect to which adequate reserves in conformity with GAAP have been
      provided in its books and of which the details have been provided to the
      Lender, and (ii) no Liens for Taxes have been filed and, to its knowledge,
      no claims are being asserted against it with respect to any
  Taxes.

	 	 	 
	 	(l) 	
      Subsidiaries. It has no Subsidiaries other
      than those listed on Schedule G. Schedule G correctly sets forth, the
      percentage ownership (direct and indirect) of it in each class of shares
      of each of its Subsidiaries and also identifies the direct owner thereof
      and also identifies (other than in respect of publically held
      corporations) any other owner of shares or options of any of its
      Subsidiaries in circumstances where such other owner of shares or options
      owns (or would own if the relevant options were duly exercised) in excess
      of twenty percent (20%) of the outstanding equity of the relevant
      Subsidiary. Schedule G also appends a true and complete corporate chart of
      SunOpta and each of its Subsidiaries.

	 	 	 
		
      (m) 
	
      No Restrictions. There does not exist any
      encumbrance or restriction on its ability to (i) pay dividends or make any
      other distributions on its shares or any other interest or participation
      in its profits, or to pay any Debt owed by it, (ii) make loans or
      advances, or (iii) transfer any of its properties or assets,
      except, in each case, for such encumbrances or restrictions
      existing under or by reason of (i) Applicable Law, (ii) this Agreement or
      the other Documents, (iii) customary provisions restricting subletting or
      assignment of any lease governing any of its leasehold interests, or (iv)
      customary provisions restricting the assignment of contracts, permits
      and/or licenses.

	 	 	 
	 	(n) 	
      Compliance with Applicable Laws, etc. It
      (i) has obtained and is in compliance with all Governmental Approvals
      which are necessary for the conduct of its business as presently conducted
      and the use of its property and assets (both real and personal), each of
      which is in full force and effect, is a good, valid and subsisting
      approval which has not been surrendered, forfeited or become void or
      voidable and is unamended, except where non-compliance does not have a
      Material Adverse Effect, and (ii) is in compliance with all Applicable
      Laws, including Environmental Laws, except where non-compliance does not
      have a Material Adverse Effect.

	 	 	 
	 	(o) 	
      Labour Matters. There are no strikes or
      other labour disputes against it that are pending or, to its best
      knowledge, threatened. All payment due from it on account of employee
      insurance of every kind and vacation pay have been paid or accrued as a
      liability on its books. It is in material compliance with the terms and
      conditions of all consulting agreements, management agreements
  and employment agreements, if any. There
is no organizing activity involving it or, to its knowledge, threatened by any
labour union or group of employees. No labour union or group of employees has
made a pending demand for recognition. Except as set forth in Schedule H, there
are no complaints or charges against it pending or threatened to be filed with
any Governmental Authority or arbitrator based on, arising out of, in connection
with, or otherwise relating to the employment or termination of employment of
any individual by it. 

- 43 -

	 	(p) 	
      Insurance. It maintains insurance in
      compliance with Section 9.1(b) and all premiums and other sums of money
      payable for that purpose have been paid.

	 	 	 	 
	 	(q) 	
      Location of Collateral. All of the
      Collateral is located at the locations identified in Schedule I or is in
      transit to or from such locations, and its chief executive office is
      located at the location identified in Schedule I. In addition, and for
      greater certainty, locations where Collateral with a value normally in
      excess of US$50,000 is indicated with an asterisk (*) on Schedule
  I.

	 	 	 	 
	 	(r) 	
      Intellectual Property. It has no material
      Intellectual Property other than the Intellectual Property listed in
      Schedule J.

	 	 	 	 
	 	(s) 	
      Real Property.

	 	 	 	 
	 		(i) 	
      All real property owned or leased by it and the nature of
      its interest (both registered and beneficial) therein, is correctly set
      forth on Schedule I. It has good and marketable title to all real property
      owned by it free and clear of all Liens other than Permitted
  Liens.

	 	 	 	 
	 		(ii) 	
      The real property owned or leased by it described in
      Schedule I has full, free and unobstructed access to and from adjoining
      public highways, streets and/or roads, and it has no knowledge of any
      existing fact or condition which could reasonably be expected to result in
      the amendment or termination of such access. All entrances/exits to such
      real property are permitted under Applicable Law and allow free and
      uninterrupted ingress and egress to public highways, streets and/or
      roads.

	 	 	 	 
	 		(iii) 	
      There are no outstanding work orders, notices of
      deficiency and/or notices of violation issued by any Governmental
      Authority affecting or pertaining in any respect to part or all of its
      real property, other than those received and addressed in the normal
      course of business and which, in the aggregate, would not have a Material
      Adverse Effect.

	 	 	 	 
	 		(iv) 	
      Each of the Permitted Liens registered against its real
      property is in good standing and there are no unresolved disputes
      concerning the same except as disclosed in Schedule E.

	 	 	 	 
	 		(v) 	
      To the extent possible as of the date hereof, each of any
      outstanding site-plan, development and other municipal agreements entered
      into by it have been complied with and
satisfied.

- 44 -

	 	(vi) 	
      All its real property is zoned to permit its present
      use.

	 	 	 
	 	(vii) 	
      No written notice has been received by it from any
      Governmental Authority or from any other source whatsoever (and it has
      otherwise no knowledge thereof), advising of, ordering, directing or
      requiring that any alteration, repair, improvement or other work be done
      with respect to its real property or relating to its non-compliance with
      any Applicable Law regarding land use or any other Applicable Law material
      to its real property which has not or will not be complied with within the
      relevant permitted period or relating to any threatened or impending
      condemnation, or relating to any changes (actual, pending or proposed) to
      any zoning or other land use law regulating or affecting the use to which
      such real property may be put.

	 	 	 
	 	(viii) 	
      It is not aware of any expropriation or pending
      expropriation of part or all of its real property.

	 	 	 
	 	(ix) 	
      It has not received notice of and, to the best of its
      knowledge, information and belief, after having made due enquiry, is not
      otherwise aware of any natural or artificial condition upon its real
      property which shall or could result in a Material Adverse Change or
      materially adversely limit or materially adversely affect the intended use
      of the real property.

	 	 	 
	 	(x) 	
      It has not received written notice of and is not
      otherwise aware of any pending or proposed amendment to any Applicable Law
      relating to its real property, or of any planning report or other
      government study concerning the real property, any of which shall or could
      result in any Material Adverse Change or materially adversely affect the
      intended use of the real property.

	 	 	 
	 	(xi) 	
      Taxes on its real property have not been reduced,
      deferred or eliminated pursuant to government schemes such as (but not
      limited to) a farm rebate tax program, a managed forest tax rebate program
      or conservation land tax rebate program; save for increases that will
      result from the development of its real property in the ordinary course,
      it has no knowledge of any proposal by a municipal corporation or other
      Governmental Authority to increase Taxes relating to or in respect of its
      real property other than normal annual tax increases levied from time to
      time.

	 	 	 
	 	(xii) 	
      It has no knowledge of any existing or future obligation
      to pay or any proposed assessment of local improvement charges in relation
      to its real property except those levied in the ordinary course. It has
      done no act nor executed any agreement with a municipal corporation or
      other Governmental Authority the effect of which would be to provide for a
      future obligation to pay or a future assessment of local improvement
      charges in connection with the real property.

- 45 -

	 	(t) 	
      Environmental Matters.

	 	 	 	 
	 		(i) 	
      It does not engage in any Environmental Activity which,
      if conducted improperly, could reasonably be expected to have a Material
      Adverse Effect on it or the value of its property and, except as disclosed
      in Schedule K, no material amount of Hazardous Substances are stored in or
      present in any form in or under any premises or lands owned, leased or
      operated, at any time by it and which, if Released, could reasonably be
      expected to have a Material Adverse Effect on it or the value of its
      property.

	 	 	 	 
	 		(ii) 	
      To its knowledge, there is no material amount of asbestos
      in any form present or suspected to be present at any premises owned
      leased or operated, at any time, by it.

	 	 	 	 
	 		(iii) 	
      It has a waste management program in compliance with
      Applicable Law to deal with Hazardous Substances generated in the ordinary
      course of business, including but not limited to waste generated by its
      production activities.

	 	 	 	 
	 	(u) 	
      Representations and Warranties in Other Documents.
      All representations and warranties made by it in the Documents
      other than this Agreement are true and correct in all material respects as
      of the time as of which such representations and warranties were
    made.

	 	 	 	 
	 	(v) 	
      Material Contracts. All of its Material
      Contracts and Material Licenses are listed on Schedule L and true and
      complete copies thereof have been provided to the Agent.

	 	 	 	 
	 	(w) 	
      GST Matters. There are no arrears owed by
      any Obligor to Canada Revenue Agency for payment of goods and services
      tax.

	 	 	 	 
	 	(x) 	
      Debt. It has, as of the Closing Date, no
      Debt or Subordinated Debt other than that listed in Schedule R and
      Schedule AA, respectively.

	 	 	 	 
	 	(y) 	
      CERCLA. No portion of any Obligor's
      property has been listed, designated or identified in the National
      Priorities List or the CERCLA Information System both as published by the
      United States Environmental Protection Agency, or any similar list of
      sites published by any federal, state or local authority proposed for
      requiring clean up or remedial or corrective action under any requirements
      of Applicable Laws.

	 	 	 	 
	 	(z) 	
      ERISA Plans. Each ERISA Plan has been
      maintained and is in compliance in all material respects with Applicable
      Laws including, without limitation, all requirements relating to employee
      participation, investment of funds, benefits and transactions with the
      Obligors and persons related to them. With respect to ERISA Plans: (a) no
      condition exists and no event or transaction has occurred with respect to
      any ERISA Plan that is reasonably likely to result in any
  Obligor, to the best of its knowledge,
incurring any material liability, fine or penalty; and (b) no Obligor has a
material contingent liability with respect to any post-retirement benefit under
a US Welfare Plan. All contributions (including employee contributions made by
authorized payroll deductions or other withholdings) required to be made have
been made in all material respects in accordance with all Applicable Laws and
the terms of each ERISA Plan. Each of the ERISA Plans that is intended to be
“qualified” within the meaning of Section 401(a) of the Code either (a) has
received a favourable determination letter from the Internal Revenue Service,
(b) is or will be the subject of an application for a favourable determination
letter, and no circumstances exist that has resulted or could reasonably be
expected to result in the revocation or denial of any such determination letter,
or (c) is entitled to rely on an appropriately updated prototype plan document
that has received a national office determination letter and has not applied for
a favourable determination letter of its own. 

- 46 -

	 	(aa) 	
      Not an Investment Company. No Obligor is an
      “investment company” or a company “controlled” by an “investment company”
      within the meaning of the

	 	 	 
	 		
      United States Investment Company Act of 1940, as
      amended or a “holding company”, or a “subsidiary company” of a “holding
      company”, or an “affiliate” of a holding company, or of a “subsidiary
      company” of a “holding company”, within the meaning of the United
      States Public Utility Holding Company Act of 1935, as
  amended.

	 	 	 
	 	(bb) 	
      No Margin Stock. No Obligor is engaged in
      the business of extending credit for the purpose of purchasing or carrying
      margin stock. None of the proceeds of any Advance shall be used to
      purchase or carry, or to reduce or retire or refinance any credit incurred
      to purchase or carry, any margin stock (within the meaning of Regulations
      U and X of the Board of Governors of the Federal Reserve System of the
      United States) or to extend credit to others for the purpose of purchasing
      or carrying any margin stock.

	 	 	 
	 	(cc) 	
      Schedules. The information contained in the
      Schedules attached hereto is true, correct and complete in all material
      respects.

	 	 	 
	 	(dd) 	
      Eligible Collateral. Without making any
      representation or warranty with respect to criterion involving the
      application of the Agent's or any Lender's judgement or discretion, each
      Account Receivable which is included as an Eligible Account Receivable on
      a Borrowing Base Certificate delivered by SunOpta or SunOpta Food Group to
      the Agent satisfies all the criteria for being an Eligible Account
      Receivable. Without making any representation or warranty with respect to
      criterion involving the application of the Agent's or any Lender's
      judgement or discretion, each item of Inventory which is included as
      Eligible Inventory on a Borrowing Base Certificate delivered by SunOpta or
      SunOpta Food Group to the Agent satisfies all the criteria for being
      Eligible Inventory.

	 	 	 
	 	(ee) 	
      Accounts Receivable. As of the time any
      Account Receivable becomes subject to any security interest or Lien in
      favour of the Agent, and when it becomes an Eligible Account Receivable shown as
such on a Facility A Borrowing Base Certificate or a Facility B Borrowing Base
Certificate, the applicable Obligor shall be deemed to have represented and
warranted as to each and all of such Accounts Receivable: 

- 47 - 

	 	(i) 	
      that such Account Receivable is valid and subsisting and,
      if such Account Receivable is an account, arises out a bona fide sale of
      goods sold and delivered by the applicable Obligor to, or in the process
      of being delivered to, or out of and for services theretofore actually
      rendered by it to, the account debtor named therein;

	 	 	 
	 	(ii) 	
      that no such Account Receivable is evidenced by any
      instrument or chattel paper unless such instrument or chattel paper has
      theretofore been endorsed by the owner thereof and delivered to the Agent
      (except to the extent the Agent specifically requests the owner thereof
      not to do so with respect to any such instrument or chattel
  paper);

	 	 	 
	 	(iii) 	
      that no surety bond was required or given at the
      Obligor's request in connection with such Account Receivable or the
      contracts or purchase orders out of which the same arose;

	 	 	 
	 	(iv) 	
      that the amount of the Account Receivable represented as
      owing is the correct amount actually and unconditionally owing, except for
      normal cash discounts on normal trade terms in the ordinary course of
      business if such Account Receivable is an account;

	 	 	 
	 	(v) 	
      that the amount of such Account Receivable represented as
      owing is not subject to any Dispute other than those which are disclosed
      to the Agent in writing promptly upon the applicable Obligor becoming
      aware thereof; and

	 	 	 
	 	(vi) 	
      that such Account Receivable is not owing from any
      Governmental Authority.

2.2    Deemed Repetition.

The representations and warranties made in Section 2.1 shall
(a) continue in effect until payment and performance of all the Obligations, and
(b) be deemed to be repeated on each Drawdown Date, Interest Payment Date,
Rollover Date and Conversion Date, mutatis mutandis, as if made on that
date and, in any event, as of the end of each Fiscal Quarter, unless
circumstances change to render any of them inaccurate and the Obligor gives the
Agent prompt written notice of such change after the Obligor becomes or should
become aware of such change. 

- 48 -

SECTION 3 

  THE CREDIT FACILITIES

3.1    Establishment of Credit
  Facilities.

Subject to the terms and conditions of this Agreement, the
Lenders under Facility A (in respect of Facility A), the Lenders under Facility
B (in respect of Facility B), the Lenders under Facility C (in respect of
Facility C) and the Lenders under Facility D (in respect of Facility D), as
applicable, hereby establish or continue the following: 

	 	(a) 	
      in favour of SunOpta, a committed revolving credit
      facility (“Facility A”) in the aggregate principal amount of up to
      $5,000,000 or the equivalent US Dollar Amount thereof;

	 	 	 
	 	(b) 	
      in favour of SunOpta Food Group, a committed revolving
      credit facility (“Facility B”) in the aggregate principal amount of
      up to US$100,000,000;

	 	 	 
	 	(c) 	
      in favour of SunOpta Food Group, a committed
      non-revolving term credit facility (“Facility C”) in the aggregate
      principal amount of up to US$13,000,000 by way of a single advance;
    and

	 	 	 
	 	(d) 	
      in favour of SunOpta Food Group, a committed
      non-revolving term credit facility (“Facility D”) in the aggregate
      principal amount of up to US$17,000,000 by way of a single
  advance.

3.2    Availability of Credit
Facilities. 

Subject to the provisions of this Agreement:

	 	(a) 	
      Facility A. SunOpta may borrow, repay and
      reborrow or otherwise obtain Advances under Facility A up to the lesser of
      the Facility A Borrowing Base and a maximum principal amount of $5,000,000
      or the equivalent US Dollar Amount thereof (the “Facility A Credit
      Limit”).

	 	 	 
	 	(b) 	
      Facility B. SunOpta Food Group may borrow,
      repay and reborrow or otherwise obtain Advances under Facility B up to the
      lesser of the Facility B Borrowing Base and a maximum principal amount of
      US$100,000,000 (the “Facility B Credit Limit”).

	 	 	 
	 	(c) 	
      Facility C. SunOpta Food Group may borrow,
      on the Closing Date by way of a single Advance under Facility C, up to the
      lesser of the Facility C Borrowing Base and a maximum principal amount of
      US$13,000,000 (the “Facility C Credit Limit”) and no amount repaid
      or prepaid thereon may be borrowed again.

	 	 	 
	 	(d) 	
      Facility D. SunOpta Food Group may borrow,
      on the Closing Date by way of a single advance under Facility D, up to the
      lesser of the Facility D Borrowing Base and a maximum principal amount of
      US$17,000,000 (the “Facility D Credit Limit”) and no amount repaid
      or prepaid thereon may be borrowed again.

- 49 -

	 	(e) 	
      Reserves and Adjustments. Notwithstanding
      any other provision of this Agreement to the contrary, the Agent acting
      reasonably shall have the right from time to time to establish reserves,
      and to adjust the amount of any existing reserve, against the amount which
      SunOpta and/or SunOpta Food Group may otherwise request under any Credit
      Facility. Such reserves shall be in such amounts and with respect to such
      matters as the Agent shall deem necessary or appropriate, including,
      without limitation, reserves in respect of dilution, reserves in respect
      of shortfalls in fixed asset and real property lending values and reserves
      in respect of amounts owing by any Obligor to holders of Liens that may
      have priority over the Liens of the Agent and/or the Lenders (regardless
      of whether such third party Liens are permitted hereunder). Without
      limiting the foregoing, the Borrowers acknowledge that, in addition to any
      other reserves that the Agent may establish on the date hereof or at any
      time and from time to time hereafter, and without limiting the right of
      the Agent to adjust the amount of any particular reserve, the Agent has
      established an ongoing availability block in respect of Facility B in a
      fluctuating amount at all times equal to the positive difference (if any)
      obtained between (i) US$17,000,000 minus (ii) an amount in US Dollars
      equal to 85% of the Net Orderly Liquidation Value of Eligible Equipment,
      which such availability block the Agent may continue to apply, adjust or
      remove in its discretion. As of the Closing Date, such availability block
      in respect of Facility B is US$6,852,000. The amount of such reserves
      shall be subtracted from the Facility A Borrowing Base, the Facility B
      Borrowing Base, the Facility C Borrowing Base and/or the Facility D
      Borrowing Base, as applicable, when calculating the amount of availability
      under each relevant Credit Facility. Additionally, the Agent may from time
      to time reduce the percentages applicable to Eligible Accounts Receivable,
      Eligible Inventory, Eligible Equipment and relevant real estate subject to
      a Mortgage as they relate to the Facility A Borrowing Base, the Facility B
      Borrowing Base, the Facility C Borrowing Base and/or the Facility D
      Borrowing Base, as applicable, or establish reserves against the amount of
      each relevant Credit Facility which the Borrower may otherwise request
      hereunder in such amounts, and with respect to such matters, as the Agent
      shall deem necessary or appropriate based, if and to the extent so
      required by the Agent in its discretion, on independent appraisals done by
      a qualified appraiser and field examination reports acceptable to the
      Agent or other relevant information of which the Agent has knowledge.
      Without limiting the foregoing, all calculations of availability under
      each relevant Credit Facility in any Borrowing Base Certificate delivered
      pursuant to this Agreement shall originally be made by the applicable
      Borrower, on behalf of the Obligors, and certified by the President or
      Chief Financial Officer of the applicable Borrower, provided that the
      Agent may from time to time review and adjust any such calculation (a) to
      reflect its reasonable estimate of declines in value of any Collateral,
      due to collections of Accounts Receivables received or otherwise; and (b)
      to the extent the calculation is not made in accordance with this
      Agreement or does not accurately reflect the reserves determined by the
      Agent.

- 50 -

	 	(f) 	
      Types of Advances. Subject to the
      provisions of this Agreement:

	 	 	 	 
	 		(i) 	
      each Lender agrees to severally make its Commitment under
      Facility A available to SunOpta by way of Prime Loans, USBR Loans, Libor
      Loans, Bankers' Acceptances, Letters of Credit, Letters of Guarantee and
      FEFCs;

	 	 	 	 
	 		(ii) 	
      each Lender agrees to severally make its Commitment under
      Facility B available to SunOpta Food Group by way of US Prime Rate Loans,
      Libor Loans, Letters of Credit, Letters of Guarantee, or Hedge Contracts
      (including FEFCs and FX Collar Options), provided however that the
      Swingline Lender may make available to SunOpta Food Group advances by way
      of Swing B Loans up to the Swing Line B Sublimit;

	 	 	 	 
	 		(iii) 	
      each Lender agrees to severally make its Commitment under
      Facility C available to SunOpta Food Group by way of US Prime Rate Loans
      or Libor Loans; and

	 	 	 	 
	 		(iv) 	
      each Lender agrees to severally make its Commitment under
      Facility D available to SunOpta Food Group by way of US Prime Rate Loans
      or Libor Loans.

	 	 	 	 
	 	(g) 	
      Term. Subject to the terms and conditions
      of this Agreement, each Credit Facility may be availed of by the
      applicable Borrower from time to time during the period from and including
      the date hereof to but not including the Maturity Date (or, in the case of
      Hedge Agreements, the expiry dates referred to in Section 3.11(b)), at
      which time the Commitment of each of the applicable Lenders under each
      Credit Facility shall terminate.

	3.3 	
      Obligations of the Lenders.

	 	 	 
		(a) 	
      Rateable Portion. Subject to the terms and
      conditions of this Agreement, each Lender under each relevant Credit
      Facility agrees to make available its Rateable Portion of each Advance
      (other than the issue of Letters of Credit, Letters of Guarantee or Hedge
      Agreements) to the Borrower. No Lender shall be responsible for a
      Commitment of any other Lender. The failure of a Lender to make available
      an Advance in accordance with its obligations under this Agreement shall
      not release any other Lender from its obligations. Notwithstanding
      anything to the contrary in this Agreement, no Lender shall be obligated
      to make Advances available to the Borrower under any Credit Facility in
      excess of its Commitment under the Credit Facility.

	 	 	 
		(b) 	
      Separate Obligation. The obligation of each
      Lender to make its Commitment available to the Borrower is a separate
      obligation between each Lender and the Borrower, and that obligation is
      not the several or joint and several obligation of any other
  Lender.

- 51 - 

3.4    Revolving Nature of
Facility A and Facility B.

Subject to the provisions of this Agreement:

	 	(a) 	
      Facility A. SunOpta may increase or reduce
      the amount of Advances outstanding under Facility A by borrowing, repaying
      and reborrowing Prime Loans, USBR Loans and Overdrafts, by causing the
      acceptance of Bankers' Acceptances and funding them at maturity, by
      causing the issue and re-issue of Letters of Credit or Letters of
      Guarantee from time to time, and by entering into FEFCs;

	 	 	 
	 	(b) 	
      Facility B. SunOpta Food Group may increase
      or reduce the amount of Advances outstanding under Facility B by
      borrowing, repaying and reborrowing US Prime Rate Loans, Libor Loans and
      Swing B Loans and by causing the issue and re- issue of Letters of Credit
      or Letters of Guarantee from time to time, and by entering into Hedge
      Contracts (including FEFCs and FX Collar
Options).

	3.5 	
      Purpose.

	 	 	 
		(a) 	
      Facility A. The proceeds of Advances made
      under Facility A shall be used by SunOpta solely to provide for the
      ongoing general corporate and working capital purposes of SunOpta and its
      Canadian Subsidiaries and divisions or for lending to other
    Obligors.

	 	 	 
		(b) 	
      Facility B. The proceeds of Advances made
      under Facility B shall be used by SunOpta Food Group solely to provide for
      the ongoing general corporate and working capital purposes of SunOpta Food
      Group and its Subsidiaries and divisions or for lending to other
      Obligors.

	 	 	 
		(c) 	
      Facility C. The proceeds of the single
      Advance made by the Lenders under Facility C shall be used by SunOpta Food
      Group primarily to lend such amount to LP to facilitate the payment by LP
      of certain term indebtedness of LP under the Original Agreement.

	 	 	 
		(d) 	
      Facility D. The proceeds of the single
      Advance made by the Lenders under Facility D shall be used by SunOpta Food
      Group primarily to lend such amount to LP to facilitate the payment by LP
      of certain term indebtedness of LP under the Original Agreement.

	 	 	 
		(e) 	
      General. Each Borrower acknowledges and
      agrees that the proceeds of the Credit Facilities shall be used for
      business purposes only.

	 	 	 
	3.6 	
      Initial and Maximum Utilization.

	 	 	 
		(a) 	
      Facility A. Notwithstanding any provision
      herein to the contrary, the aggregate Canadian Dollar Amount of the
      principal amount of all Advances outstanding under Facility A shall not at
      any time exceed the Facility A Credit Limit. For purposes of calculating
      the principal amount of outstanding Advances under Facility A at any time,
      (i) such amount outstanding under applicable
Hedge Contracts issued under Facility A
shall be deemed to be the Mark-to-Market Amount of such Hedge Contracts
at that time, and (ii) the amount of any outstanding Letter of Credit or Letter
of Guarantee shall be deemed to be the maximum amount which could be drawn
thereunder under any circumstances and over any period of time plus any
unreimbursed drawings then outstanding with respect thereto. 

- 52 -

	 	(b) 	
      Facility B. Notwithstanding any provision
      herein to the contrary, the aggregate US Dollar Amount of the principal
      amount of all Advances outstanding under Facility B shall not at any time
      exceed the Facility B Credit Limit. For purposes of calculating the
      principal amount of outstanding Advances under Facility B at any time, (i)
      such amount outstanding under applicable Hedge Contracts issued under
      Facility B shall be deemed to be the Mark-to-Market Amount of such Hedge
      Contracts at that time, (ii) the amount of any outstanding Letter of
      Credit or Letter of Guarantee shall be deemed to be the maximum amount
      which could be drawn thereunder under any circumstances and over any
      period of time plus any unreimbursed drawings then outstanding with
      respect thereto, and (iii) Swing B Loans in an amount equal to the Swing
      Ling B Sublimit shall be deemed outstanding Advances under Facility B at
      all times.

	 	 	 
	 	(c) 	
      Facility C. Only one Advance is being made
      available under Facility C. Notwithstanding any provision herein to the
      contrary, the aggregate US Dollar Amount of the principal amount of the
      single Advance initially made under Facility C shall not at any time
      exceed the Facility C Credit Limit, but no principal amount thereof shall
      be required to be repaid only because of a decrease in the Facility C
      Borrowing Base after such Advance.

	 	 	 
	 	(d) 	
      Facility D. Only one Advance is being made
      available under Facility D. Notwithstanding any provision herein to the
      contrary, the aggregate US Dollar Amount of the principal amount of the
      single Advance initially made under Facility D shall not at any time
      exceed the Facility D Credit Limit, but no principal amount thereof shall
      be required to be repaid only because of a decrease in the Facility D
      Borrowing Base after such Advance.

	3.7 	
      Borrowing Procedures – General.

	 	 	 
		(a) 	
      Notice of Borrowing. All Advances, other
      than Advances by way of Overdraft, require the delivery of prior notice.
      To request an Advance, the applicable Borrower shall give to the Agent
      written notice substantially in the form attached as Schedule M,
      indicating the amount of the requested Advance, at or before the time set
      out below opposite the type of Advance that the applicable Borrower wishes
      to request:

- 53 - 

	Type of Advance 	 	Time of Notice 
	 	 	 
	
      Prime Loans, USBR Loans, US Prime Rate Loans and Bankers'
      
	
       
	
      Before 11:00 a.m. one Business Day prior to the requested
      Drawdown 

	
       	
       	
       
	
      Acceptance less than or equal to $10 million 
	
       
	
      Date. 

	
       
	
       
	
       

	
      Prime Loans, USBR Loans, US Prime Rate Loans and Bankers'
      Acceptance greater than $10 million 
	
       
	
      Before 11:00 a.m. two Business Days prior to the
      requested Drawdown Date. 

	
       
	
       
	
       

	
      Libor Loans 
	
       
	
      Before 11:00 a.m. three Business Days prior to the
      requested Drawdown Date. 

	
       
	
       
	
       

	
      Letters of Credit and Letters of Guarantee 
	
       
	
      Before 11:00 a.m. three Business Days prior to the
      requested Drawdown Date 

	
       
	
       
	
       

	
      Hedge Contracts (including FEFCs, FX Collar Options and
      interest rate hedging instruments) 
	
       
	
      Before 11:00 a.m. up to five Business Days prior to the
      requested Drawdown Date 

	 		
      Each notice given in respect of an Advance by way of
      Prime Loan, USBR Loan or US Prime Rate Loan shall indicate the amount of
      the required Advance and the date funds are required. Each notice given in
      respect of an Advance by way of Libor Loan shall indicate the amount of
      the required Advance, the date funds are required and the duration of the
      initial Contract Period applicable thereto. Each notice given in respect
      of an Advance by way of Bankers' Acceptances shall indicate the amount of
      the Bankers' Acceptances to be issued and the applicable Contract Period
      of the Bankers' Acceptances. Each notice given in respect of an Advance by
      way of Letters of Credit or Letters of Guarantee shall indicate the amount
      of the Letter of Credit or Letter of Guarantee to be issued, the
      applicable Contract Period, the beneficiary, the terms of draw under the
      requested Letter of Credit or Letter of Guarantee and all other relevant
      information. Each notice given in respect of a Hedge Contract shall
      indicate the amount of the Hedge Contract and all other relevant
      information which the applicable Lender may request. Notwithstanding the
      foregoing and for greater certainty, the procedure for SunOpta Food Group
      to obtain Swing B Loans is set out in Section 3.18(b).

	 	 	 
	 	(b) 	
      Limits on Advances. Notwithstanding any
      other term of this Agreement, a Borrower shall not request an Advance
      under any Credit Facility if, on the day notice of the Advance is given
      pursuant to Section 3.7(a) or Section 3.18(b), after giving effect to the
      Advance, (i) in the case of Facility A, the Canadian Dollar Amount of the
      principal amount of all Advances outstanding from the Lenders under
      Facility A would exceed the lesser of the then current Facility A
      Borrowing Base and the Total Commitment in respect of Facility A, (ii) in
      the case of Facility B, the US Dollar Amount of the principal amount of
      all Advances outstanding from the Lenders under Facility B would exceed
      the lesser of the then current Facility B Borrowing Base and the Total
      Commitment in respect of Facility B, or (iii) in the case of each of
      Facility A and Facility B, the Canadian Dollar Amount or US Dollar amount, as
applicable, of the principal amount of all Advances outstanding from any Lender
under such Credit Facility would exceed that Lender's Commitment under the
Credit Facility. The Borrowers may not request further Advances under Facility C
or Facility D. No Advance under any Credit Facility (other than an Advance in
respect of a Hedge Agreement) shall have a Contract Period that extends beyond
the Maturity Date of that Credit Facility. 

- 54 -

	 	(c) 	
      Lender or Agent Determination. Each
      determination, as applicable, by the L/C Lender and by the Agent of, as
      applicable, the Prime Rate, the US Base Rate, the US Prime Rate, the CDOR
      Rate, an Acceptance Fee (at the applicable rate specified by this
      Agreement), an issuance fee (at the applicable rate specified by this
      Agreement) for a Letter of Credit or a Letter of Guarantee and LIBOR
      shall, in the absence of manifest error, be prima facie binding on
      the Borrowers and the Lenders.

	3.8 	
      Libor Loans.

	 	 	 	 
		(a) 	
      Minimum Advance. Each Advance by way of
      Libor Loan shall be in a minimum aggregate amount of US$1,000,000 and
      larger whole multiples of US$100,000.

	 	 	 	 
		(b) 	
      Term. Each Libor Loan shall have a Contract
      Period of one, two, three or six months (each month being a period of 30
      days for purposes of this Section), subject to availability. No Contract
      Period of a Libor Loan shall extend beyond the applicable Maturity
      Date.

	 	 	 	 
		(c) 	
      Rollover of Libor Loans. At least three
      Business Days before the expiry of the Contract Period of each Libor Loan,
      the Borrower shall notify the Agent by irrevocable telephone notice,
      followed by written confirmation on the same day in form and substance
      substantially in accordance with Schedule N, if it intends to:

	 	 	 	 
			(i) 	
      enter into a new Contract Period with respect to the
      maturing Libor Loan, or

	 	 	 	 
			(ii) 	
      repay the maturing Libor Loan.

	 	 	 	 
			
      If a Borrower fails to provide the foregoing notice or
      make the required payment, payment of its Obligations to the applicable
      Lender with respect to that maturing Libor Loan shall be funded with an
      Advance under, as applicable, a USBR Loan or US Prime Rate Loan in the
      amount outstanding under that Libor Loan.

	 	 	 	 
	3.9 	
      Bankers' Acceptances.

	 	 	 	 
		(a) 	
      Minimum Advances. Each Advance by way of
      Bankers' Acceptance shall be in a minimum aggregate face amount of
      $500,000 and larger whole multiples of
$100,000.

- 55 -

	 	(b) 	
      Term. Each Bankers' Acceptance shall have a
      Contract Period of not less than 10 days or such greater period in
      multiples of 10 days to a maximum of 180 days or a longer term, subject,
      in all cases, to availability. No Contract Period of a Bankers' Acceptance
      shall extend beyond the applicable Maturity Date.

	 	 	 
	 	(c) 	
      Discount Rate. On each Drawdown Date on
      which Bankers' Acceptances are to be accepted, the Agent shall advise the
      Borrower as to the Agent's determination of the applicable Discount Rate
      for the Bankers' Acceptances which any of the Lenders have agreed to
      purchase.

	 	 	 
	 	(d) 	
      Purchase. If the Lender purchases a
      Bankers' Acceptance accepted by it, the Borrower shall sell and the Lender
      shall purchase the Bankers' Acceptance at the applicable Discount Rate.
      The Lender shall provide to the applicable account as advised by the Agent
      from time to time the Discount Proceeds less the Acceptance Fee payable
      with respect to that Bankers' Acceptance.

	 	 	 
	 	(e) 	
      Sale. Each Lender may from time to time
      hold, sell, rediscount or otherwise dispose of any or all Bankers'
      Acceptances accepted and purchased by it.

	 	 	 
	 	(f) 	
      Bankers' Acceptances in Blank. To
      facilitate the acceptance of Bankers' Acceptances under this Agreement,
      the Borrowers shall, upon execution of this Agreement, if so requested by
      a Lender, and from time to time as required, provide to that Lender
      Bankers' Acceptances substantially in the form as may be acceptable to
      that Lender duly executed and endorsed in blank by the Borrower, in
      quantities sufficient for that Lender to fulfill its obligations under
      this Agreement or, if so requested by a Lender, provide to that Lender,
      with a copy to the Agent, a power of attorney substantially in the form of
      Schedule O executed by the Borrower in favour of that Lender authorizing
      that Lender to execute drafts in the form attached thereto. If Bankers'
      Acceptances have been provided to a Lender duly executed and endorsed in
      blank by the Borrower, that Lender is hereby authorized to issue Bankers'
      Acceptances endorsed in blank in face amounts as may be determined by the
      Borrower provided that the aggregate amount thereof is equal to the
      aggregate amount of Bankers' Acceptances required to be accepted by the
      Lender. No Lender shall be responsible or liable for its failure to accept
      a Bankers' Acceptance as required under this Agreement if the cause of the
      failure is, in whole or in part, due to the failure of the Borrower to
      provide to the Lender on a timely basis a sufficient number of duly
      executed Bankers' Acceptances or a duly executed power of attorney, as
      applicable, nor shall any Lender be liable for any damage, loss or other
      claim arising by reason of any loss or improper use of any Bankers'
      Acceptance except a loss or improper use arising by reason of the gross
      negligence or wilful misconduct of the Lender or its employees.

	 	 	 
	 	(g) 	
      Execution. Drafts drawn by a Borrower to be
      accepted as Bankers' Acceptances shall be signed by a duly authorized
      officer or officers of the Borrower or by its attorneys. Notwithstanding
      that any Person whose signature appears on any Bankers' Acceptance may no
      longer be an authorized signatory for the
Borrower at the time of issuance of a Bankers'
Acceptance, that signature shall nevertheless be valid and sufficient for all
purposes as if the authority had remained in force at the time of issuance and
any Bankers' Acceptance so signed shall be binding on the Borrower. 

- 56 -

	 	(h) 	
      Issuance. The Agent, promptly following
      receipt of a notice of Advance, Rollover or Conversion by way of Bankers'
      Acceptances, shall advise the applicable Lenders of the notice and shall
      advise each Lender of the face amount of Bankers' Acceptances to be
      accepted by it and the applicable Contract Period (which shall be
      identical for all Lenders). The aggregate face amount of Bankers'
      Acceptances to be accepted by a Lender shall be determined by the Agent by
      reference to that Lender's Rateable Portion of the issue of Bankers'
      Acceptances, except that, if the face amount of a Bankers'
      Acceptance which would otherwise be accepted by a Lender would not,
      subject to Section 3.9(a), be $100,000 or a whole multiple thereof, the
      face amount shall be increased or reduced by the Agent in its sole
      discretion to $100,000 or the nearest whole multiple of that amount, as
      appropriate; provided that after such issuance, no Lender shall
      have aggregate outstanding Advances in excess of its Commitment.

	 	 	 
	 	(i) 	
      Rollover. At or before 1:00 p.m. two
      Business Days before the maturity date of any Bankers' Acceptance, the
      Borrower shall give to the Agent written notice substantially in the form
      attached as Schedule N if the Borrower intends to repay the maturing
      Bankers' Acceptances on the maturity date or if the Borrower intends to
      issue Bankers' Acceptances on the maturity date to provide for the payment
      of the maturing Bankers' Acceptances. Otherwise, the Borrower shall
      provide payment to the Agent on behalf of the Lenders of an amount equal
      to the aggregate principal amount of the Bankers' Acceptances on their
      maturity date. If the Borrower fails to make the payment, the Borrower's
      obligations in respect of the maturing Bankers' Acceptances shall be
      deemed to have been funded on the maturity date thereof with an Advance by
      way of Prime Loan.

	 	 	 
	 	(j) 	
      Waiver of Presentment and Other Conditions.
      The Borrower waives presentment for payment and any other defence
      to payment of any amounts due to the Lender in respect of a Bankers'
      Acceptance accepted and purchased by it pursuant to this Agreement which
      might exist solely by reason of the Bankers' Acceptance being held, at the
      maturity thereof, by the Lender in its own right and the Borrower agrees
      not to claim any days of grace if the Lender as holder sues the Borrower
      on the Bankers' Acceptance for payment thereunder.

	 	 	 
	 	(k) 	
      Depository Bills and Notes Act. At the
      option of the Borrower and any Lender, Bankers' Acceptances under this
      Agreement to be accepted by that Lender may be issued in the form of
      depository bills for deposit with The Canadian Depository for Securities
      Limited pursuant to the Depository Bills and Notes Act (Canada).
      All depository bills so issued shall be governed by the provisions of this
      Section 3.9.

- 57 -

	 	(l) 	
      BA Equivalent Loans by Non BA Lenders.
      Whenever a Borrower requests an Advance under this Agreement by way of
      BAs, each Non BA Lender shall, in lieu of accepting a BA, make a BA
      Equivalent Loan in an amount equal to the Non BA Lender's Rateable Portion
      of the BA Advance.

	 	 	 	 
	 	(m) 	
      Terms Applicable to Discount Notes.
      As set out in the definition of “BA”, that term includes Discount
      Notes and all terms of this Agreement applicable to BAs shall apply
      equally to Discount Notes evidencing BA Equivalent Loans with such changes
      as may in the context be necessary, it being the intention of the parties
      hereto that each BA Equivalent Loan shall have the same economic
      consequences for the applicable Lender and the Borrower as the acceptance
      by such Lender of a BA. For greater certainty:

	 	 	 	 
	 		(i) 	
      the term of a Discount Note shall be the same as the
      Contract Period for BAs accepted and purchased on the same Drawdown Date
      in respect of the same Advance;

	 	 	 	 
	 		(ii) 	
      an acceptance fee will be payable in respect of a
      Discount Note and shall be calculated at the same rate and in the same
      manner as the Acceptance Fee in respect of a BA; and

	 	 	 	 
	 		(iii) 	
      the Discount Rate applicable to a Discount Note shall be
      the Discount Rate applicable to BAs accepted by the Lenders on the same
      Drawdown Date, Rollover Date or Conversion Date, as the case may be, in
      respect of the same Advance.

	3.10 	
      Letters of Credit and Letters of
  Guarantee.

	 	 	 
		(a) 	
      Currency. The L/C Lender will issue all
      Letters of Credit and Letters of Guarantee under Facility A and Facility
      B. Each Letter of Credit and each Letter of Guarantee shall be issued in
      Canadian Dollars, US Dollars or such other currency as the L/C Lender may
      agree in its sole discretion and shall mature on a Business Day.

	 	 	 
		(b) 	
      Letter of Credit and Letter of Guarantee Sublimit.
      The aggregate principal amount of Advances which may be
      outstanding by way of Letter of Credit and Letter of Guarantee under
      Facility A shall not exceed $3,000,000. The aggregate principal amount of
      Advances which may be outstanding by way of Letter of Credit and Letter of
      Guarantee under Facility B shall not exceed US$15,000,000. Each Letter of
      Credit or Letter of Guarantee shall be issued by the L/C Lender in its
      name as an Advance under Facility A or Facility B, as applicable. Each
      Lender under Facility A (with respect to a Letter of Credit or Letter of
      Guarantee issued at the request of SunOpta) and each Lender under Facility
      B (with respect to a Letter of Credit or Letter of Guarantee issued at the
      request of SunOpta Food Group) will be responsible for its Rateable
      Portion of the funding for any drawing under any Letter of Credit or
      Letter of Guarantee under Section 3.10(f) or otherwise and to purchase its
      Rateable Portion of any outstanding Letter of
Credit or Letter of Guarantee under Section
12.16. For purposes of calculating the amount of outstanding Advances under
Facility A and/or Facility B, and for other purposes of this Agreement, a Letter
of Credit or Letter of Guarantee shall be deemed outstanding as of any time in
an amount equal to the maximum amount which could be drawn thereunder under any
circumstances and over any period of time plus any unreimbursed drawings then
outstanding with respect thereto. If and to the extent any Letter of Credit or
Letter of Guarantee expires or otherwise terminates without having been drawn
upon, the availability under the Facility A and/or Facility B shall to such
extent be reinstated. The L/C Lender shall not be under any obligation to issue
any Letter of Credit or Letter of Guarantee if a default of any Lender's
obligations to fund or purchase its Rateable Portion under this Section 3.10
exists or any Lender is at such time a Defaulting Lender or an Impacted Lender
hereunder, unless the L/C Lender has entered into arrangements satisfactory to
the L/C Lender with the Borrowers or such Lender to eliminate the L/C Lender's
risk with respect to such Lender. 

- 58 -

	 	(c) 	
      No Guarantees. Other than Letters of Credit
      and Letters of Guarantee in an aggregate amount at any time outstanding
      not exceeding US$2,000,000, no Advance by way of the issue of a Letter of
      Credit or Letter of Guarantee shall be used by the Borrowers for the
      purpose of incurring Contingent Obligations of the type described in
      clause (a) of the definition of “Contingent Obligations”.

	 	 	 
	 	(d) 	
      Other Documentation. The issue of a Letter
      of Credit or a Letter of Guarantee is subject to the execution and
      delivery of an application and agreement and an indemnity in the L/C
      Lender's standard form or other specific agreement relative to the
      instrument in form and substance satisfactory to the L/C Lender acting
      reasonably (the “L/C Agreement”).

	 	 	 
	 	(e) 	
      Retirement. A Letter of Credit or Letter of
      Guarantee may only be retired on its maturity date unless and to the
      extent it has been honoured or unless the written consent of the
      beneficiary of the instrument has been obtained and the original
      instrument has been returned to the L/C Lender.

	 	 	 
	 	(f) 	
      Drawings. Any drawing under a Letter of
      Credit or Letter of Guarantee shall be funded by an Advance by way of a
      Prime Loan (if drawn in Canadian Dollars under Facility A), by way of a
      USBR Loan (if drawn in US Dollars or any other currency under Facility A)
      or by way of a US Prime Rate Loan (if drawn in US Dollars under Facility
      B).

	 	 	 
	 	(g) 	
      Term. Each Letter of Credit and each Letter
      of Guarantee shall have a Contract Period of not less than 30 days or more
      than 364 days. No Contract Period of a Letter of Credit or a Letter of
      Guarantee shall extend beyond the applicable Maturity Date.

	 	 	 
	 	(h) 	
      Rollover. Three Business Days before the
      maturity date of any Letter of Credit or Letter of Guarantee the Borrower
      shall notify the L/C Lender, at its Lending Office, with a copy to the
      Agent, by notice substantially in the form attached
as Schedule N if it wishes the issue of a
replacement Letter of Credit or Letter of Guarantee on the maturity date or if
it wishes to extend the maturity date of any Letter of Credit or Letter of
Guarantee. If the Borrower fails to provide the foregoing notice, the maturing
Letter of Credit or Letter of Guarantee shall expire on its maturity date.
Notwithstanding the foregoing, the L/C Lender shall have the sole discretion in
determining whether or not to issue any replacement Letter of Credit or Letter
of Guarantee or to extend the maturity date thereof. 

- 59 -

	 	(i) 	
      Reimbursement. The Borrower unconditionally
      and irrevocably authorizes the L/C Lender to pay the amount of any demand
      made on the L/C Lender under and in accordance with the terms of any
      Letter of Credit or Letter of Guarantee on demand without requiring proof
      of the Borrower's agreement that the amount so demanded was due and
      notwithstanding that the Borrower may dispute the validity of any such
      demand or payment. The Borrower shall reimburse the L/C Lender on demand
      for any amounts paid by it from time to time as contemplated by this
      Section and, without limiting the foregoing, the Borrower shall indemnify
      and save the L/C Lender harmless on demand from and against any and all
      other losses (other than lost profits), costs, damages, expenses, claims,
      demands or liabilities which it may suffer or incur arising in any manner
      whatsoever in connection with the making of any such payments as
      contemplated by this Section (including, without limitation, in connection
      with proceedings to restrain the L/C Lender from making, or to compel the
      L/C Lender to make, any such payment).

	 	 	 	 
	 	(j) 	
      Lenders Not Liable. The L/C Lender shall
      not have any responsibility or liability for, or duty to inquire into, the
      authorization, execution, signature, endorsement, correctness, genuineness
      or legal effect of any certificate or other document presented to the L/C
      Lender pursuant to any Letter of Credit or Letter of Guarantee, other than
      to ensure that any demand for payment under a Letter of Credit or Letter
      of Guarantee is in compliance with the terms thereof, and the Borrower
      fully and unconditionally assumes all risks with respect to the same and,
      without limiting the generality of the foregoing, all risks of the acts or
      omissions of any beneficiary of any Letter of Credit or Letter of
      Guarantee with respect to the use by any beneficiary of any Letter of
      Credit or Letter of Guarantee. The L/C Lender shall not be responsible
      for:

	 	 	 	 
	 		(i) 	
      the validity of certificates or other documents delivered
      under or in connection with any Letter of Credit of Letter of Guarantee
      that appear on their face to be in order, even if such certificates or
      other documents should in fact prove to be invalid, fraudulent or
      forged;

	 	 	 	 
	 		(ii) 	
      errors, omissions, interruptions or delays in
      transmission or delivery of any messages by mail, cable, telegraph,
      telefax or otherwise, whether or not they are in code;

	 	 	 	 
	 		(iii) 	
      errors in translation or for errors in interpretation of
      technical terms or for errors in the calculation of amounts demanded under
      any Letter of Credit or Letter of Guarantee;

- 60 -

	 	(iv) 	
      any failure or inability of the L/C Lender or any other
      Person to make payment under any Letter of Credit or Letter of Guarantee
      as a result of any Applicable Law or by reason of any control or
      restriction rightfully or wrongfully exercised by any Person asserting or
      exercising governmental or paramount powers; or

	 	 	 
	 	(v) 	
      any other consequences arising in respect of a failure by
      the L/C Lender to honour a Letter of Credit or Letter of Guarantee due to
      causes beyond the control of the L/C Lender;

and none of the above shall affect or
impair any of the rights or powers of the Lenders hereunder or the obligations
of the Borrower under this Section. In furtherance and not in limitation of the
foregoing provisions, it is agreed that any payment made by the L/C Lender in
good faith under and in accordance with the terms of a Letter of Credit or
Letter of Guarantee shall be binding upon the Borrower and shall not result in
any liability of the Agent or any of the Lenders to the Borrower and shall not
lessen the obligation of the Borrower under this Section. Notwithstanding the
provisions of this Section, the Borrower shall not be responsible for, and
neither the Agent nor any Lender shall be relieved of responsibility for, any
wilful misconduct, gross negligence or fraud of or by the Agent or any Lender or
the failure of the L/C Lender to comply with the terms of a Letter of Credit or
Letter of Guarantee. 

	 	(k) 	
      Overdue Amounts. Without limiting any other
      provision of this Agreement, if the Borrower shall fail to reimburse the
      L/C Lender in respect of any payments made by the L/C Lender under a
      Letter of Credit or Letter of Guarantee as contemplated in this Section,
      the L/C Lender may at any time thereafter notify the Agent (which shall
      thereupon deliver a similar notice to each Lender under Facility A and/or
      Facility B, as applicable of such failure) and such notification shall be
      deemed to have been delivery of a request for an Advance in the amount and
      currency of such payments on and subject to the terms hereof. Each Lender
      under Facility A and/or Facility B, as applicable shall forthwith credit
      the account of the L/C Lender with such Lender's Rateable Portion of such
      payments, the amount of such payments shall be deemed to constitute, as
      applicable, a Prime Loan (if such payments were made in Canadian Dollars
      under Facility A, a USBR Loan (if such payments were made in U.S. Dollars
      under Facility A) or a US Prime Rate Loan (if such payments were made in
      U.S. Dollars under Facility B) made by the Lenders under Facility A and/or
      Facility B, as applicable and which is outstanding, and, without limiting
      the terms and conditions applicable to such Prime Loan, USBR Loan, or US
      Prime Rate Loan shall be due and payable when such Prime Loan, USBR Loan
      or US Prime Rate Loan is due and payable in accordance with the provisions
      hereof.

	 	 	 
	 	(l) 	
      Acceleration. Upon the Agent making a
      declaration under Section 10.2, the maximum amount of the contingent
      liability of the L/C Lender under any Letter of Credit or Letter of
      Guarantee which is then outstanding shall immediately become due and
      payable notwithstanding that the L/C Lender has not at such
  date been required to make payment under
any such Letter of Credit or Letter of Guarantee. Any such amount deposited with
the L/C Lender shall be held by the L/C Lender in a separate interest-bearing
collateral account in the name of the relevant Borrower as security for the
repayment of future indebtedness of the Borrower to the L/C Lender in respect of
Letters of Credit or Letter of Guarantee which are drawn down, and, pending the
expiry of all outstanding Letters of Credit or Letter of Guarantee, any amounts
deposited with the L/C Lender shall bear interest at the rate established by the
L/C Lender from time to time as that payable in respect of 30 day certificates
of deposit of the L/C Lender for monies of like amount. Any such amount
deposited with the L/C Lender shall be held in trust for the other Lenders, to
the extent of each Lenders' Rateable Portion, and shall be distributed as and
when required by this Agreement. 

- 61 -

	 	(m) 	
      Conflict. Each Letter of Credit and/or
      Letter of Guarantee shall be subject to the L/C Lender's customary Letter
      of Credit and/or Letter of Guarantee terms and procedures (including
      without limitation pursuant to an L/C Agreement) from time to time in
      effect and shall be in a form acceptable to the L/C Lender. The Borrower
      shall execute and deliver such standard form applications, agreements,
      indemnities and other assurances as the L/C Lender may reasonably require
      from time to time with respect to Letters of Credit and/or Letters of
      Guarantee. A Letter of Credit and/or Letter of Guarantee shall in no event
      contain provisions requiring the L/C Lender to satisfy itself, prior to
      payment thereunder, as to any conditions for a drawing thereunder other
      than the presentation of prescribed documents. If the provisions set forth
      in the L/C Lender's customary letter of credit and/or letter of guarantee
      documentation set forth terms of availability or cross-collateralization
      of security beyond or inconsistent with that set forth herein, the
      provisions of this Agreement in respect thereof shall prevail.

	 	 	 
	 	(n) 	
      Non-Sharing. Notwithstanding Article 5 of
      the Provisions, prior to the occurrence and continuation of any Event of
      Default, with respect to the Lenders, the L/C Lender may obtain any
      payment owing in any manner whatsoever in respect of any Letter of Credit
      or Letter of Guarantee, retain such payment and apply same against the
      obligations of the Borrower in respect of Letters of Credit or Letters of
      Guarantee and other amounts owing in respect of any Letter of Credit or
      Letter of Guarantee (including, without limitation, interest) and shall
      have no obligation to remit to or share with any Lender such
    payment.

	3.11 	
      Hedge Contracts.

	 	 	 
		(a) 	
      General. Subject to the terms and
      conditions hereof, Facility A may be availed by SunOpta in the form of
      FEFCs and Facility B may be availed by SunOpta Food Group in the form of
      Hedge Agreements (including FEFCs, FX Collar Options and interest rate
      hedging instruments), in each case in all major currencies acceptable to
      the Hedge Lender. Each such FEFC, FX Collar Option and other Hedge
      Contract shall be subject to the terms and conditions hereof and the
      applicable Hedge Agreement. Subject to Sections 3.6(a) and 3.6(b), (i) the
      maximum aggregate face contract amount of all outstanding FEFCs
    under Facility A shall not exceed
US$10,000,000 at any time, (ii) the maximum aggregate face contract amount of
all outstanding Hedge Agreements (including FEFCs, FX Collar Options but
specifically excluding, for purposes of this subclause (ii), interest rate
hedging instruments) under Facility B shall not exceed US$30,000,000 at any
time, and (iii) the maximum aggregate face contract amount of all
outstanding Hedge Agreements in respect of interest rate hedging instruments
under Facility B shall not exceed US$30,000,000 at any time. 

- 62 -

	 	(b) 	
      Term. Each Borrower may only enter into
      Hedge Contracts with the Hedge Lender provided that such Hedge Contracts
      are only issued in respect of Canadian Dollars, US Dollars or other major
      currencies acceptable to the Hedge Lender for purposes of treasury risk
      management. Each Hedge Contract that consists of a FEFC and FX Collar
      Option shall have a Contract Period of not more than 18 months and each
      Hedge Contract that consists of an interest rate hedging instrument shall
      have a Contract Period of not more than five (5) years. For greater
      certainty, a Borrower may only enter into a Hedge Contract with the Hedge
      Lender provided that, as applicable, (i) the Hedge Contract being entered
      into is not for speculation purposes, (ii) the foreign exchange risk being
      managed is in a currency or currencies in which the Borrower or an Obligor
      does business, and (iii) the quantum or amount of any currency being
      hedged or managed is reasonable in relation to the volume of the
      Borrower's or Obligor's business being conducted in any such
    currency.

	 	 	 
	 	(c) 	
      Subject to Approval. The Hedge Lender may
      refuse to issue a Hedge Contract at any time at its sole discretion.
      Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (as represented
      herein by Rabobank) acknowledges and agrees in favour of the Borrowers and
      the Agent that it and its relevant branches, in its and their capacity as
      Hedge Lender under Facility B in connection with this Agreement, will not
      enter into Hedge Contracts with the applicable Borrower if Cooperatieve
      Centrale Raiffeisen-Boerenleenbank B.A. cannot provide to the Agent, at or
      before 10:00 a.m. Toronto time on each Business Day, a written report
      confirming the net mark-to-market amount in respect of such Hedge
      Contracts. In furtherance of the foregoing and for greater certainty,
      Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (as represented
      herein by Rabobank) agrees that, in respect of any Hedge Contracts that it
      enters into and issues under Facility B with the applicable Borrower, it
      will provide to the Agent, at or before 10:00 a.m. Toronto time on each
      Business Day, a written report setting out the net mark-to- market amount
      in respect of all such Hedge Contracts.

	 	 	 
	 	(d) 	
      Other Documentation. The issuance of a
      Hedge Contract is subject to the execution and delivery of specific
      agreements as may be required by the Hedge Lender on its standard forms
      and modified by such schedules and addenda as are customarily used by the
      Hedge Lender (the “Hedge Agreement”). In the event of a conflict
      between the terms and conditions of the Hedge Agreement and this
      Agreement, the Hedge Agreement shall prevail notwithstanding Section
      1.3.

- 63 -

	 	(e) 	
      Non-Sharing. Notwithstanding Article 5 of
      the Provisions, prior to the occurrence and continuation of any Event of
      Default, with respect to the Lenders, the Hedge Lender that has entered
      into a Hedge Contract with a Borrower may obtain any payment in any manner
      whatsoever in respect of Hedge Contracts, retain such payment and apply
      same against the obligations of the Borrower under Hedge Contracts and
      other amounts owing in respect of the Hedge Contracts (including, without
      limitation, interest) and shall have no obligation to remit to or share
      with any Lender such payment.

3.12  Prime Loans, USBR Loans, US Prime
Rate Loans, Overdrafts and Swing B Loans. 

Each Advance by way of Prime Loan shall be in a minimum
aggregate principal amount of $100,000 and larger whole multiples of $100,000.
Each Advance by way of USBR Loan or US Prime Rate Loan shall be in a minimum
aggregate principal amount of US$100,000 and larger whole multiples of
US$100,000. Notwithstanding the foregoing and for greater certainty, each
Advance by way of Overdraft and Swing B Loan may be in amounts of other than, as
applicable, $100,000 or US$100,000 and whole multiples thereof. 

3.13  Conversion Option.

Subject to this Agreement, a Borrower may, during the term of
this Agreement, effective on any Business Day, convert, in whole or in part, an
outstanding Advance (other than an Advance by way of Letter of Credit, Letter of
Guarantee or Hedge Agreement) into another type of Advance permitted under the
relevant Credit Facility (other than an Advance by way of Letter of Credit,
Letter of Guarantee or Hedge Agreement) upon giving written notice to the Agent
in substantially the form attached hereto as Schedule N, the notice period being
that which would be applicable to the type of Advance into which the outstanding
Advance is to be converted under Section 3.7. Conversions under this Section
3.13 may only be made provided that: 

	 	(a) 	
      notwithstanding any other term in this Agreement, no
      Advance denominated in C$ may be converted into an Advance denominated in
      US$ and no Advance denominated in US$ may be converted into an Advance
      denominated in C$;

	 	 	 
	 	(b) 	
      each conversion into an Advance shall be for minimum
      aggregate amounts and whole multiples in excess thereof as are specified
      in respect of that type of Advance in this Section 3;

	 	 	 
	 	(c) 	
      an Advance by way of Libor Loan may be converted only on
      the last day of the relevant Contract Period; if less than all of the
      Libor Loan is converted, after the conversion not less than US$1,000,000
      shall remain as a Libor Loan;

	 	 	 
	 	(d) 	
      an Advance by way of Bankers' Acceptance may be converted
      only on the last day of the relevant Contract Period; if less than all
      Advances by way of Bankers' Acceptances having the same maturity date are
      converted, after the conversion not less than C$500,000 shall remain as
      Advances by way of Bankers' Acceptances to the Borrowers having the same
      maturity date;

- 64 -

	 	(e) 	
      a conversion into an Advance by way of Libor Loan shall
      only be made to the extent that the conditions outlined in Section 4.12
      shall not exist on the relevant Conversion Date; and

	 	 	 
	 	(f) 	
      no demand shall have been made and no Default or Event of
      Default shall have occurred and be continuing on the relevant Conversion
      Date or after giving effect to the conversion of the Advance to be made on
      the Conversion Date.

3.14  Conversion and Rollover Not
Repayment. 

No Conversion or Rollover shall constitute a repayment of any
Advance or a new Advance. 

3.15  Mandatory Conversion of Libor Loans
and Bankers' Acceptances. 

Notwithstanding Sections 3.9(i), 3.10(h) and 3.11, and subject
to Section 10.2, if a Default or Event of Default has occurred and is continuing
on the last day of a Contract Period, as regards a Libor Loan, or upon the
maturity date, as regards a Bankers' Acceptance, (a) in respect of an Advance by
way of a Libor Loan, the Borrower shall be deemed to have converted the Advance,
as applicable, into a USBR Loan or a US Prime Rate Loan as of the last day of
the applicable Contract Period, and (b) in respect of an Advance by way of
Bankers' Acceptances, the Borrower shall be deemed to have converted the Advance
into a Prime Loan in an amount equal to the principal amount of the Bankers'
Acceptances on the maturity date. 

3.16  Deposit of Proceeds of Loans and
Discount Proceeds. 

The Agent shall credit to the applicable Borrower's Account on
the applicable Drawdown Date (a) the proceeds of each Advance by way of Prime
Loan, USBR Loan, US Prime Rate Loan or Libor Loan made, and (b) the Discount
Proceeds less the applicable Acceptance Fee with respect to each Bankers'
Acceptance purchased by a Lender on that Drawdown Date. Where a Borrower has
made separate arrangements for the purchase of Bankers' Acceptances issued under
this Agreement, the Agent shall debit the applicable Borrower's Account for the
applicable Acceptance Fee upon acceptance and the Borrower shall deposit the
Discount Proceeds to the applicable Borrower's Account stipulated by the
Borrower immediately upon receipt. 

3.17  Evidence of Obligations.

The Agent and the Lenders, as applicable, shall open and
maintain their respective accounts and records evidencing the Obligations of the
Borrowers under this Agreement. The Agent and such Lenders shall record in those
accounts by appropriate entries all amounts owing on account of those
Obligations and all payments on account thereof. Those accounts and records will
constitute, in the absence of manifest error, prima facie evidence of the
Obligations outstanding from time to time, the date each Advance was made and
the amounts that each Borrower has paid from time to time on account of the
Obligations, provided that the obligations of the Obligors to make payments
under and in connection with this Agreement and the Documents shall not be
affected by any failure of the Agent or one or more of the Lenders to make or
maintain any such account or record. 

- 65 -

	3.18 	
      Swing B Loans.

	 	 	 
		(a) 	
      Generally. Subject to the terms and
      conditions hereof, as part of Facility B, the Swingline Lender agrees to
      make loans in US Dollars to SunOpta Food Group under the swing line
      established hereby (individually a “Swing B Loan” and collectively
      the “Swing B Loans”) which shall not in the aggregate at any time
      outstanding exceed the Swing Line B Sublimit. The Swing B Loans may be
      availed of by SunOpta Food Group from time to time and borrowings
      thereunder may be repaid and used again during the period ending on the
      Maturity Date in respect of Facility B.

	 	 	 
		(b) 	
      Requests for Swing B Loans. SunOpta
      Food Group may, but is not required to, give the Swingline Lender notice
      of a request for the advance of a Swing B Loan. If SunOpta Food Group does
      provide the Swingline Lender with notice of a request for an advance of a
      Swing B Loan, then such notice (which may either be written or oral) shall
      be provided to the Swingline Lender by no later than 12:00 noon (Chicago
      time) on the date upon which SunOpta Food Group requests that any Swing B
      Loan be made and shall indicate the amount of such Swing B Loan and the
      date on which such Swing B Loan is to be advanced. Subject to the terms
      and conditions hereof, the proceeds of such Swing B Loan shall be made
      available to SunOpta Food Group on the date so requested at the offices of
      the Swingline Lender in Chicago, Illinois, by depositing such proceeds to
      the credit of SunOpta Food Group's bank account number 422-481-2
      maintained with Harris N.A. (the “Disbursement Account”) or as
      SunOpta Food Group and the Swingline Lender may otherwise agree. In
      addition to the foregoing, and without any request therefor being made by
      SunOpta Food Group, the Swingline Lender at its option may (but is not
      obligated at any time to) make Swing B Loans to SunOpta Food Group in
      circumstances where the funds available in the Disbursement Account are or
      may be insufficient to meet the relevant near term payment and
      disbursement obligations of SunOpta Food Group that are to be processed
      through such Disbursement Account. Anything contained in the foregoing to
      the contrary notwithstanding, (i) the obligation, if any, of the Swingline
      Lender to make Swing B Loans shall be subject to all of the other
      applicable terms and conditions of this Agreement, and (ii) the Swingline
      Lender shall not be obligated to make more than one Swing B Loan during
      any one day.

	 	 	 
		(c) 	
      Refunding Loans. In its sole and
      absolute discretion, the Swingline Lender may at any time, on behalf of
      SunOpta Food Group (which hereby irrevocably authorizes the Swingline
      Lender to act on its behalf for such purpose) and with notice to SunOpta
      Food Group, request each Lender under Facility B to make a US Prime Rate
      Loan in an amount equal to each such Lender's Rateable Portion of the
      amount of the Swing B Loans outstanding on the date such notice is given.
      Regardless of the existence of any Default or Event of Default, each
      Lender under Facility B shall (provided that the pro rata principal
      amount of such requested Loans, together with the pro rata
      principal amount of all Advances outstanding under Facility B in
      respect of each Lender, shall not exceed each such Lender's Facility B
      Commitment) make the proceeds of its requested US Prime Rate
  Loan available to the Swingline Lender, in
immediately available funds, at the Swingline Lender's principal office in
Chicago, Illinois, before 12:00 Noon (Chicago time) on the Business Day
following the day such notice is given. The proceeds of such US Prime Rate Loans
shall be immediately applied to repay the outstanding Swing B Loans.

- 66 -

	 	(d) 	
      Participations. If any Lender under
      Facility B refuses or otherwise fails to make a US Prime Rate Loan
      requested by the Swingline Lender pursuant to Section 3.18(c) above
      (because an Event of Default described in Section 10.1(i) or 10.1(j)
      exists with respect to SunOpta Food Group or otherwise), such Lender will,
      by the time and in the manner such US Prime Rate Loan was to have been
      funded to the Swingline Lender, purchase from the Swingline Lender an
      undivided participating interest in the outstanding Swing B Loans in an
      amount equal to its Rateable Portion of the aggregate principal amount of
      Swing B Loans that were to have been repaid with such US Prime Rate Loans.
      Each Lender under Facility B that so purchases a participation in a Swing
      B Loan shall thereafter be entitled to receive its Rateable Portion of
      each payment of principal received on the Swing B Loan and of interest
      received thereon accruing from the date such Lender funded to the
      Swingline Lender its participation in such Loan. The several obligations
      of the Lenders under Facility B under this Section shall, subject to
      Section 12.16 hereof, be absolute, irrevocable and unconditional under any
      and all circumstances whatsoever and shall not be subject to any set-off,
      counterclaim or defense to payment which any Lender under Facility B may
      have or have had against SunOpta Food Group, any other Lender under
      Facility B or any other Person whatsoever. Without limiting the generality
      of the foregoing, such obligations shall not be affected by any Default or
      Event of Default or by any reduction or termination of the Facility B
      Commitment of any Lender under Facility B, and each payment made by a
      Lender under Facility B under this Section shall be made without any
      offset, abatement, withholding or reduction whatsoever. The Swingline
      Lender shall not be under any obligation make any Swingline B Loan if a
      default of any Lender's obligations to fund or purchase the applicable
      participation under this Section 3.18 exists or any Lender is at such time
      a Defaulting Lender or an Impacted Lender hereunder, unless the Swingline
      Lender has entered into arrangements satisfactory to the Swingline Lender
      with the Borrowers or such Lender to eliminate the Swingline Lender's risk
      with respect to such Lender. Without limiting the foregoing and
      notwithstanding Article 5 of the Provisions, prior to the occurrence and
      continuation of any Event of Default, with respect to the Lenders the
      Swingline Lender may obtain any payment in any manner whatsoever in
      respect of Swing B Loans, retain such payment and apply same against Swing
      B Loans and other amounts owing in respect of Swing B Loans (including,
      without limitation, interest) and shall have no obligation to remit to or
      share with any Lender such payment.

3.19  Reliance on Oral Instructions.

The Agent and each Lender shall each be entitled to act upon
the oral instructions of any Person who the Agent or the applicable Lender,
acting reasonably, believes is a Person authorized by the relevant Borrower to act on such Borrower's behalf. The Agent
and any applicable Lender shall not be responsible for any error or omission in
those instructions or in the performance thereof except in the case of gross
negligence or wilful misconduct by the Agent, any applicable Lender or their
respective agents. Any instructions so given shall be confirmed in writing by
the relevant Borrower to the Agent or the applicable Lender on the same day. The
relevant Borrower shall indemnify the Agent and any applicable Lender for any
loss or expense suffered or incurred by the Agent or any applicable Lender as a
consequence of the Agent or the applicable Lender acting upon instructions given
or agreements made over the telephone or by electronic transmission of any type
with Persons reasonably believed by Agent or any applicable Lender to have been
acting on such Borrower's behalf, except to the extent resulting from the gross
negligence or wilful misconduct of the Agent or any applicable Lender or their
respective agents. 

- 67 -

3.20  Banking Products.

Each of the Borrowers may from time to time obtain one or more
Banking Products pursuant to a separate agreement or agreements between or among
BMO or any BMO Affiliates and the applicable Borrower. Fees in respect of
Banking Products (including any cash management fees) shall be agreed to
pursuant to such separate agreement or agreements. 

3.21  Accordion.

The Borrowers shall have the right, upon at least 90 days
written notice to the Agent, to increase the maximum aggregate principal amount
available to the Borrowers under Facility A and/or Facility B by up to
US$30,000,000 or the equivalent amount thereto in Canadian Dollars at any time
on or before the Maturity Date, provided that (a) the Agent has received binding
Commitments in respect of such increase from one or more existing Lenders and,
to the extent that it shall not have received such Commitments from the existing
Lenders for the entire amount of such increase, commitments from one or more new
lenders mutually acceptable to the Agent and the Borrowers, which acceptance
shall not be unreasonably withheld, (b) no Default or Event of Default shall
have occurred and then be continuing (without having been cured or waived as
provided in this Agreement) or shall result from such increase, (c) no
Commitment of any Lender shall be increased without the consent of such Lender,
and (d) each Borrower and each other Obligor is and will be, on and after the
date of such increase, in compliance with all of its obligations and covenants
under the Documents, including without limitation, the financial covenants set
out in this Agreement. Any such new lender or lenders shall become Lenders
hereunder and be entitled to all rights of a Lender pursuant to each Document.

SECTION 4 

  INTEREST, FEES AND EXPENSES

	4.1 	
      Interest on Prime Loans and Canadian
      Overdrafts.

	 	 	 
		(a) 	
      Rate. SunOpta shall pay to the Agent on
      behalf of the Lenders, as applicable, interest on Prime Loans (including
      Canadian Overdrafts) outstanding under Facility A at a rate per annum
      equal to the Prime Rate plus the applicable margin set out in the Facility
      AB Pricing Grid.

- 68 -

	 	(b) 	
      Change in Rate. Each change in the
      fluctuating interest rate applicable to each Prime Loan and Canadian
      Overdraft will take place simultaneously with the corresponding change in
      the Prime Rate without the necessity for any notice to SunOpta.

	 	 	 
	 	(c) 	
      Calculation. Interest on Prime Loans and
      Canadian Overdrafts shall be calculated and payable monthly in arrears on
      every Interest Payment Date and on the Facility A Maturity Date, as
      applicable, for the period from and including, as the case may be, the
      Drawdown Date, the Conversion Date or the immediately preceding Interest
      Payment Date to but excluding the first-mentioned Interest Payment Date or
      the Maturity Date, as applicable, and shall be determined daily on the
      principal amount of each Prime Loan and Canadian Overdraft remaining
      unpaid on the basis of the actual number of days elapsed in a year of 365
      or 366 days, as applicable.

	 	 	 
	 	(d) 	
      Payment of Interest. Interest on Prime
      Loans and Canadian Overdrafts shall be paid on every Interest Payment Date
      and on the applicable Maturity Date, as applicable, by debit to the
      Borrowers' Account by the Agent in respect of Prime Loans and by BMO in
      respect of Canadian Overdrafts.

	4.2 	
      Interest on USBR Loans, US Prime Rate Loans, US
      Overdrafts and Swing B Loans.

	 	 	 
		(a) 	
      Rate. Each applicable Borrower shall pay to
      the Agent (at the Borrower's Account for Payments) on behalf of the
      Lenders and/or the Swingline Lender in respect of Facility B, Facility C
      and Facility D, as applicable, and to the Agent (at the Borrower's Account
      for Payments) on behalf of the Lenders in respect of Facility A interest
      on USBR Loans (including US Overdrafts) and US Prime Rate Loans
      outstanding to the Lenders under each relevant Credit Facility at a rate
      per annum equal to, as applicable, the US Base Rate or the US Prime Rate
      plus the applicable margin set out in the relevant Pricing Grid, namely
      the Facility AB Pricing Grid in respect of the Advances outstanding under
      Facility A and Facility B and the Facility CD Pricing Grid in respect of
      Advances outstanding under Facility C and Facility D. For greater
      certainty, SunOpta Food Group shall pay to the Swingline Lender in respect
      of Facility B, interest on Swing B Loans outstanding to the Swingline
      Lender under Facility B at a rate per annum equal to the US Prime Rate
      plus the applicable margin set out in the Facility AB Pricing
  Grid.

	 	 	 
		(b) 	
      Change in Rate. Each change in the
      fluctuating interest rate applicable to each USBR Loan, US Overdraft,
      Swing B Loan or US Prime Rate Loan will take place simultaneously with the
      corresponding change in the US Base Rate or the US Prime Rate without the
      necessity for any notice to the Borrowers.

	 	 	 
		(c) 	
      Calculation. Interest on USBR Loans, US
      Overdrafts, Swing B Loans and US Prime Rate Loans shall be calculated and
      payable monthly in arrears on every Interest Payment Date and on the
      applicable Maturity Date for the period from and including, as the case
      may be, the Drawdown Date, the Conversion Date,
or the immediately preceding Interest
Payment Date to but excluding the first-mentioned Interest Payment Date or the
applicable Maturity Date, as applicable, and shall be determined daily on the
principal amount of each USBR Loan, US Overdraft, Swing B Loan and US Prime Rate
Loan remaining unpaid on the basis of the actual number of days elapsed in a
year of 360, 365 or 366 days, as applicable. 

- 69 -

	 	(d) 	
      Payment of Interest. Interest on USBR
      Loans, US Overdrafts, Swing B Loans and US Prime Rate Loans shall be paid
      on every Interest Payment Date and on the Maturity Date by debit to the
      applicable Borrower's Account by the Agent on behalf of the Lenders in
      respect of the relevant Credit Facilities and by BMO in respect of US
      Overdrafts under Facility A and Swing B Loans under Facility
  B.

	4.3 	
      Interest on Libor Loans.

	 	 	 
		(a) 	
      Rate. Each Borrower shall pay to the Agent
      on behalf of the Lenders (at the Agent's Account for Payments) interest on
      Libor Loans outstanding to the Lenders under the relevant Credit Facility
      at a rate equal to LIBOR plus the applicable margin set out in the
      relevant Pricing Grid.

	 	 	 
		(b) 	
      Calculation. Interest on each Libor Loan
      shall be calculated and payable on each Libor Interest Date applicable to
      the Libor Loan, for the period commencing from and including the first day
      of the Contract Period or the immediately preceding Libor Interest Date,
      as the case may be, applicable to the Libor Loan, to but excluding the
      first mentioned Libor Interest Date, and shall be determined daily on the
      principal amount of each Libor Loan remaining unpaid on the basis of the
      actual number of days elapsed in a year of 360 days.

	 	 	 
		(c) 	
      Payment of Interest. Interest on Libor
      Loans shall be paid on each Libor Interest Date by debit to the applicable
      Borrower's Account by the Agent on behalf of the Lenders in respect of the
      Credit Facilities (at the Agent's Account for Payments).

	 	 	 
	4.4 	
      Fees on Bankers' Acceptances.

	 	 	 
		(a) 	
      Rate. Upon acceptance of a Bankers'
      Acceptance by a Lender under Facility A, SunOpta shall pay to the Agent at
      the Borrower's Account for Payments on behalf of the Lender a fee (the
      “Acceptance Fee”) at the rate per annum equal to the CDOR Rate plus
      the applicable fee set out in the relevant Pricing Grid.

	 	 	 
		(b) 	
      Calculation. The Acceptance Fee
      shall be payable on acceptance of each Bankers' Acceptance calculated on
      the face amount of each Bankers' Acceptance on the basis of the number of
      days in the Contract Period for the Bankers' Acceptance and a year of 365
      or 366 days, as applicable. Each determination by the Agent of the
      Acceptance Fee applicable to any Banker's Acceptance shall, in the absence
      of manifest error, be final, conclusive and binding upon the relevant
      Borrower and the relevant Lenders. Upon determination of the Acceptance
      Fee applicable to any Banker's Acceptance, the Agent shall notify the
      relevant Borrower and each relevant Lender.

- 70 -

4.5    Fees on Letters of
Credit and Letters of Guarantee. 

Upon the issue of a Letter of Credit or a Letter of Guarantee
by the L/C Lender under Facility A or under Facility B, as applicable, the
applicable Borrower shall pay to the L/C Lender, for the account of the relevant
Lenders, a fee in the same currency of the Letter of Credit or the Letter of
Guarantee at the rate per annum set out in the relevant Pricing Grid on issue.
Issuance fees shall be calculated on the principal amount of each Letter of
Credit or Letter of Guarantee on the date of issue and shall be payable
quarterly in arrears on the last Business Day of each Fiscal Quarter until the
Letter of Credit or the Letter of Guarantee expires or matures after acceptance.
Issuance fees shall be calculated on the basis of the number of days in the
applicable Contract Period and a year of 365 or 366 days, as applicable. In
addition to the foregoing, upon the date of issuance, renewal or increase in the
amount of any Letter of Credit or Letter of Guarantee (other than in respect of
any Letter of Credit or Letter of Guarantee issued, renewed or increased by the
L/C Lender in its capacity as Swingline Lender under Facility A and/or Facility
B), the applicable Borrower shall pay to the L/C Lender the customary fees and
charges of the L/C Lender in respect of any such issuance, renewal or increase.
In addition, the applicable Borrower shall pay to the L/C Lender for its own
account, at the time of issuance in respect of each Letter of Credit or Letter
of Guarantee, an administrative fee equal to such percentage as the L/C Lender
may advise the Borrower from time to time of the face amount of such Letter of
Credit or Letter of Guarantee (without regard to the number of days to expiry of
the applicable Letter of Credit or Letter of Guarantee). For greater certainty,
the applicable percentage as of the Closing Date for purposes of the immediately
preceding sentence is one-half of one percent (0.50%). 

4.6    Fees on Hedge Contracts.

The Borrowers shall pay the Hedge Lender any and all fees
customarily charged by the Hedge Lender in connection with the issuance of Hedge
Contracts. 

4.7    Standby Fee.

For the period from and including the date hereof to but not
including the Maturity Date, SunOpta and SunOpta Food Group, as applicable,
shall pay to the Agent, for the benefit of the Lenders under Facility A and
Facility B, a fee (denominated in Canadian Dollars in respect of Facility A and
denominated in US Dollars in respect of Facility B) at the applicable per annum
rate set out in the Facility AB Pricing Grid, and calculated (i) in respect of
SunOpta for Facility A, on the amount by which the aggregate Facility A
Commitment of the Lenders exceeds the Canadian Dollar Amount of the daily
closing balance of the principal amounts of all Advances outstanding (including
Hedge Agreements) under Facility A during the applicable period, and (ii) in
respect of SunOpta Food Group for Facility B, on the amount by which the
aggregate Facility B Commitment of the Lenders exceeds the US Dollar Amount of
the daily closing balance of the principal amounts of all Advances outstanding
(including Hedge Agreements) under Facility B during the applicable period, and
taking into account the number of days in the applicable period. Each such
standby fee shall be payable monthly in arrears on the last Business Day of each
month following the Closing Date and on the applicable Maturity Date. The
applicable period shall include the previous payment date to but exclude the
payment date or the Maturity Date, as applicable, and shall be determined daily
on the basis of the actual number of days elapsed in a year of 365 or 366 days,
as applicable. For purposes of calculating the applicable standby fee pursuant to this Section 4.7 payable
for any month, the Canadian Dollar Amount of Advances outstanding in U.S.
Dollars shall be calculated on the basis of the Bank of Canada's noon spot rate
on the first Business Day of such month. 

- 71 -

4.8    Applicable Pricing –
Facility A and Facility B 

SunOpta shall pay to the Agent on behalf of the Lenders under
  Facility A, at the Borrower's Account for Payments, interest in respect of Advances
  obtained by SunOpta under Facility A, and SunOpta Food Group shall pay to the
  Agent on behalf of the Lenders under Facility B, at the Borrower's Account for
  Payments, interest in respect of Advances obtained by SunOpta Food Group under
  Facility B, in accordance with applicable margins and fees set forth in the
  pricing grid below (the “Facility AB Pricing Grid”).
  As of the date hereof, the initial applicable margin or fee for all Advances
  under Facilities A and B shall be the margin or fee set out in Pricing Level
  I in the Facility AB Pricing Grid and shall be held at Pricing Level
  I until required to be adjusted in accordance with the provisions of this Agreement.
  Subsequent applicable margins or fees shall be determined quarterly by the Agent
  based on the monthly average of Excess Availability at each month end for the
  then prior Fiscal Quarter and will be effective at the beginning of the first
  day of each Fiscal Quarter of the Borrower; provided that, if the Borrower does
  not provide when due such Borrowing Base Certificates and other evidence relating
  to Excess Availability as the Agent may require in accordance with the terms
  hereof, the Pricing Level shall (from and after the date the relevant information
  was required to be delivered to the Agent) be Pricing Level IV until the third
  Business Day after such Borrowing Base Certificates and other evidence are delivered
  by the Borrowers to the Agent, and for greater certainty pricing changes, as
  applicable, will be made as of the first day of each applicable Fiscal Quarter
  in respect of any Bankers' Acceptances or any BA Equivalent Loans which are
  outstanding at that time.

	Level 

	Average Excess
      
Availability 

	LIBOR 
Loans, BA
      
Equivalent 
Loans, B/A's, 
L/C's
      and 
L/G's Fee 	Prime Rate, 
US Base Rate
      
and US Prime 
Rate Plus 

	Standby Fee 

	I 	> Cdn.$45,000,000 	300 bps 	200 bps 	50 bps 
	II 	> Cdn.$30,000,000 but
      < Cdn.$45,000,000 	350 bps 	250 bps 	75 bps 
	III 	> Cdn.$15,000,000 but
      < Cdn.$30,000,000 	400 bps 	300 bps 	87 bps 
	IV 	< Cdn.$15,000,000 	450 bps 	350 bps 	100 bps 

4.9    Applicable Pricing –
Facility C and Facility D 

SunOpta Food Group shall pay to the Agent on behalf of the
Lenders under Facility C and Facility D, at the Borrower's Account for Payments,
interest in respect of Advances obtained by SunOpta Food Group under Facility C
and Facility D in accordance with applicable margins and fees set forth in the pricing grid below (the "Facility
CD Pricing Grid"). As of the date hereof, the initial applicable
margin or fee for all Advances under Facilities C and D shall be the margin or
fee set out in Pricing Level I in the Facility CD Pricing Grid and shall
be held at Pricing Level I until required to be adjusted in accordance with the
provisions of this Agreement. Subsequent applicable margins or fees shall be
determined quarterly by the Agent based on the monthly average of Excess
Availability at each month end for the then prior Fiscal Quarter and will be
effective at the beginning of the first day of each Fiscal Quarter of the
Borrower; provided that, if the Borrower does not provide when due such
Borrowing Base Certificates and other evidence relating to Excess Availability
as the Agent may require in accordance with the terms hereof, the Pricing Level
shall (from and after the date the relevant information was required to be
delivered to the Agent) be Pricing Level IV until the third Business Day after
such Borrowing Base Certificates and other evidence are delivered by the
Borrowers to the Agent. 

- 72 -

	Level 
	Average Excess 
Availability
    	LIBOR 
	US Prime Rate 
Plus 
	I 	> Cdn.$45,000,000 	350 bps 	250 bps 
	II 	> Cdn.$30,000,000 but <
      Cdn.$45,000,000 	400 bps 	300 bps 
	III 	> Cdn.$15,000,000 but <
      Cdn.$30,000,000 	450 bps 	350 bps 
	IV 	< Cdn.$15,000,000 	500 bps 	400 bps 

4.10  Interest on Overdue Amounts.

The Borrowers shall pay to the Agent on behalf of the Lenders
interest as prescribed in this Agreement both before and after any of demand,
default, maturity and judgment. To the extent permitted by Applicable Law,
interest on any overdue amounts hereunder, is payable, (a) for overdue amounts
in Canadian Dollars, at the Prime Rate plus the applicable margin as required by
the then current Pricing Level plus 200 Basis Points per annum, (b) for overdue
amounts in US Dollars owing to the Agent or the Lenders under Facility A, at the
US Base Rate plus the applicable margin for the then current Pricing Level plus
200 Basis Points per annum, and (c) for overdue amounts in US Dollars owing to
the Agent or the Lenders under Facility B, Facility C or Facility D, at the US
Prime Rate plus the applicable margin as required by the then current Pricing
Level plus 200 Basis Points per annum, in each case determined on a daily basis
on the actual number of days elapsed in a 360, 365 or 366 day year, as
applicable, computed from the date the amount becomes due for so long as the
amount remains overdue. Interest on overdue amounts shall be payable upon demand
by the Agent and shall be compounded on each Interest Payment Date or Libor
Interest Date as applicable. Upon the occurrence and during the continuation of
any Event of Default hereunder, the Borrower shall, to the extent not prohibited
by Applicable Law (but without duplication of the increased rate referred to in
the second sentence of this Section), pay interest on the outstanding principal
balance of outstanding Advances at a rate per annum of 200 Basis Points greater
than the applicable Level IV rate of interest specified in the Pricing Grid.

- 73 -

4.11  Interest Act.

For purposes of the Interest Act (Canada), where in this
Agreement a rate of interest is to be calculated on the basis of a year of 360,
365, or 366 days, the yearly rate of interest to which the rate is equivalent is
that rate multiplied by the number of days in the calendar year for which the
calculation is made and divided by 360, 365, or 366, as applicable. 

	4.12 	
      Limit on Rate of Interest.

	 	 	 	 
		(a) 	
      Adjustment. If any provision of this
      Agreement or any of the other Documents would obligate a Borrower or
      Obligor to make any payment of interest or other amount payable to any
      Lender in an amount or calculated at a rate which would be prohibited by
      law or would result in a receipt by that Lender of interest at a criminal
      rate (as construed under the Criminal Code (Canada)), then
      notwithstanding that provision, that amount or rate shall be deemed to
      have been adjusted with retroactive effect to the maximum amount or rate
      of interest, as the case may be, as would not be so prohibited by law or
      result in a receipt by that Lender of interest at a criminal rate, the
      adjustment to be effected, to the extent necessary, as follows:

	 	 	 	 
			(i) 	
      first, by reducing the amount or rate of interest
      required to be paid to the affected Lender under this Section 4;
  and

	 	 	 	 
			(ii) 	
      thereafter, by reducing any fees, commissions, premiums
      and other amounts required to be paid to the affected Lender which would
      constitute interest for purposes of the Criminal Code
    (Canada).

	 	 	 	 
		(b) 	
      Reimbursement. Notwithstanding Section
      4.12(a), and after giving effect to all adjustments contemplated thereby,
      if any Lender shall have received an amount in excess of the maximum
      permitted by the Criminal Code (Canada), then the applicable
      Borrower shall be entitled, by notice in writing to the affected Lender,
      to obtain reimbursement from that Lender in an amount equal to the excess,
      and pending reimbursement, the amount of the excess shall be deemed to be
      an amount payable by that Lender to the applicable Borrower.

	 	 	 	 
		(c) 	
      Actuarial Principles. Any amount or rate of
      interest referred to in this Section 4.12 shall be determined in
      accordance with generally accepted actuarial practices and principles as
      an effective annual rate of interest over the term that any Advance
      remains outstanding on the assumption that any charges, fees or expenses
      that fall within the meaning of “interest” (as defined in the Criminal
      Code (Canada)) shall, if they relate to a specific period of time, be
      pro-rated over that period of time and otherwise be pro-rated over the
      period from the earlier of the date of advance and the Closing Date to the
      relevant Maturity Date and, in the event of a dispute, a certificate of a
      Fellow of the Canadian Institute of Actuaries appointed by the Lender
      shall be conclusive for the purposes of that
  determination.

- 74 -

4.13  Substitute
Basis of Advance – LIBOR Loans.

If, at any time during the term of this Agreement, a Lender
acting in good faith determines (which determination shall be final, conclusive
and binding upon the Borrower) that: 

	 	(a) 	
      adequate and fair means do not exist for ascertaining the
      rate of interest on a Libor Loan;

	 	 	 
	 	(b) 	
      LIBOR does not accurately reflect the effective cost to
      such Lender of making, funding or maintaining a Libor Loan and the costs
      to such Lender are increased or the income receivable by such Lender is
      reduced in respect of a Libor Loan;

	 	 	 
	 	(c) 	
      the making, funding or maintaining of a Libor Loan or a
      portion thereof by such Lender has become impracticable by reason of
      circumstances which materially and adversely affect the London interbank
      market; or

	 	 	 
	 	(d) 	
      deposits in U.S. Dollars are not available to such Lender
      in the London interbank market in sufficient amounts in the ordinary
      course of business for the applicable Contract Period to make, fund or
      maintain a Libor Loan during the Contract Period;

such Lender shall promptly notify the applicable Borrower
setting forth the basis of that determination and each Borrower hereby instructs
such Lender to repay the affected Libor Loan with the proceeds of a US Prime
Rate Loan in the amount of the Libor Loan, to be drawn down on the last day of
the then current Contract Period. Such Lender shall not be required to make any
further Libor Loans available under this Agreement so long as any of the
circumstances referred to in this Section 4.13 continue. 

	4.14 	
      Indemnity.

	 	 	 
		(a) 	
      General. Each Obligor shall, and does
      hereby, jointly and severally indemnify the Agent and each Lender and
      their respective directors, officers, employees, attorneys and agents
      (each, an “Indemnified Person”) against all suits, actions,
      proceedings, claims, losses (other than loss of profits), expenses
      (including reasonable fees, charges and disbursements of counsel), damages
      and liabilities including liabilities arising under Environmental Laws
      (each, a “Claim”) that the Agent or any Lender may sustain or incur
      as a consequence of (i) any default by such Obligor under this Agreement
      or any other Document, (ii) any misrepresentation by such Obligor
      contained in any writing delivered to the Agent or any Lender in
      connection with this Agreement, (iii) the Agent or any Lender entering
      into this Agreement, (iv) the use of proceeds of the Credit Facilities, or
      (v) the operations of any of the Obligors or any Affiliate of any of the
      Obligors, except that no Indemnified Person will be indemnified for any
      Claim resulting from its own gross negligence or wilful
  misconduct.

	 	 	 
		(b) 	
      Certificate. A certificate of the Agent or
      affected Lender, as applicable, setting out the basis for the
      determination of the amount necessary to indemnify
the relevant Person pursuant to this
Section 4.14 shall be prima facie evidence, absent manifest error, of the
correctness of that determination. 

- 75 -

	4.15 	
      Breakage Costs.

	 	 	 
		(a) 	
      SunOpta may not repay, prepay or cancel an Advance by way
      of Bankers' Acceptances prior to the expiry of the Contract Period
      relating thereto.

	 	 	 
		(b) 	
      If a Borrower repays, prepays or cancels an Advance
      (including repayment pursuant to Sections 4.13 and 5.3), by way of Libor
      Loan, Letter of Credit or Letter of Guarantee, the Borrower shall
      indemnify the applicable Lender for any loss or expense suffered or
      incurred by that Lender including any loss of profit or expenses which the
      Lender incurs by reason of the liquidation or redeployment of deposits or
      other funds acquired by it to effect or maintain the Advance or any
      interest or other charges payable to lenders of funds borrowed by the
      Lender in order to maintain the Advance together with any other charges,
      costs or expenses incurred by that Lender relative thereto.

	 	 	 
		(c) 	
      A certificate of the Agent or the affected Lender setting
      out the basis for the determination of the amount necessary to indemnify
      the Agent or the affected Lender pursuant to this Section 4.15 shall be
      prima facie evidence, absent manifest error, of the correctness of
      that determination.

4.16  Survival of Indemnifications.

It is the intention of each of the Obligors, the Agent and each
Lender that Sections 3.10(i), 3.15, 4.13, 4.14, 13.4 and 13.6 hereof and
Sections 3.2(c) and 9 of the Provisions shall supersede any other provisions in
this Agreement which in any way limit the liability of any of the Obligors and
that each of the Obligors shall be liable for any obligations arising under such
Sections even if the amount of the liability incurred exceeds the amount of the
other Obligations. The obligations of the Obligors under these Sections are
joint and several and absolute and shall not be affected by any act, omission or
circumstance whatsoever, whether or not occasioned by the fault of the Agent or
any Lender except in respect of gross negligence or wilful misconduct by it. The
obligations of each of the Obligors under Sections 3.10(i), 3.15, 4.13, 13.4 and
13.6 hereof and Sections 3.2(c) and 9 of the Provisions shall survive the
repayment of the other Obligations and the termination of the Credit Facilities.

4.17  Payment of Portion.

Notwithstanding any other term or condition of this Agreement,
if a Lender demands compensation pursuant to Section 3.1 of the Provisions with
respect to any Advance by way of Loan (an “Affected Borrowing”), the
Borrower may, at its option, upon 60 Business Days notice to that Lender (which
notice shall be irrevocable), repay to the Lender in full the Affected Borrowing
outstanding together with accrued and unpaid interest on the principal amount so
repaid up to the date of repayment and any amounts payable pursuant to Section
3.1 of the Provisions, together with such additional amounts as become payable
pursuant to Section 3.1 of the Provisions to the date of payment. 

- 76 -

4.18   Field Examination Fees.

The Borrowers shall pay the Agent charges for field examination
of the Collateral performed by the Agent or its agents or representatives in
such reasonable amounts as the Agent may from time to time request (the Agent
acknowledging and agreeing that such charges shall be computed in the same
manner as it at the time customarily uses for the assessment of charges for
similar collateral examinations plus out of pocket expenses and applicable taxes
per field examination if no Default or Event of Default has occurred and is
continuing); provided, however, that in the absence of any Default or Event of
Default, the Borrower shall not be required to pay the Agent for field
examinations in excess of the number of field examinations per Fiscal Year
permitted under Section 9.1(o). 

4.19   Appraisal Fees.

The Borrowers shall pay the Agent reasonable charges for
appraisals of the Obligors' assets performed by the Agent or its agents or
representatives in such amounts as the Agent may from time to time request in
accordance with the provisions of this Agreement (the Agent acknowledging and
agreeing that such charges shall be computed in the same manner as it at the
time customarily uses for the assessment of charges for similar appraisals);
provided, however, that in the absence of any Default or Event of Default, the
Borrower shall not be required to pay the Agent for field appraisals in excess
of the number of appraisals per Fiscal Year permitted under Section 9.1(o).

4.20   Upfront Fee.

On the Closing Date, the Borrowers shall pay to the Agent, for
the benefit of the Lenders under the relevant Credit Facilities (in direct
proportion to the increase in their respective Facility A Commitment, Facility B
Commitment, Facility C Commitment and Facility D Commitment, as applicable) an
upfront fee equal to 0.50% of the existing Lenders increased Facility B
Commitment and/or Facility C Commitment and/or Facility D Commitment hereunder
above their respective commitments under the Original Agreement. For greater
certainty, on the Closing Date, the Borrowers shall pay to the Agent, for the
benefit of the Lenders as indicated above, such upfront fee in the amount of
US$175,000. 

4.21   Agency Fee.

The Borrower agrees to pay the Agent the agency fees referred
to in Section 12.15.

SECTION 5 

  REDUCTION AND REPAYMENT

5.1    Term and Maturity.

The term of each Credit Facility shall commence on the Closing
Date and end on the Maturity Date. For greater certainty, all amounts
outstanding under each Credit Facility must be repaid and all obligations of
each Lender under each Credit Facility must be fully funded or cancelled on the
Maturity Date.

- 77 -

	5.2 	
      Repayment of Facilities.

	 	 	 	 
		(a) 	
      SunOpta Food Group shall repay in instalments the
      principal amount of the single Advance made under Facility C quarterly,
      commencing on the last day of the first Fiscal Quarter after the initial
      drawdown under Facility C, by paying instalments equal to 1/60th of the
      initial amount drawn down under Facility C. All remaining principal
      outstanding under Facility C will be due and payable in full on the
      Maturity Date in respect of Facility C.

	 	 	 	 
		(b) 	
      SunOpta Food Group shall repay in instalments the
      principal amount of the single Advance made under Facility D quarterly,
      commencing on the last day of the first Fiscal Quarter after the initial
      drawdown under Facility D, by paying instalments equal to 1/20th of the
      initial amount drawn down under Facility D. All remaining principal
      outstanding under Facility D will be due and payable in full on the
      Maturity Date in respect of Facility D.

	 	 	 	 
		(c) 	
      In addition, 100% of the net cash proceeds (collectively,
      the “Permitted Proceeds”) from the permitted sale or sale/leaseback
      of any Fixed Assets of the Obligors (other than the real property of
      SunOpta constituting its head office as of the date hereof, and the
      equipment of the Obligors attached to or otherwise directly relating to
      the operation of such head office) shall be applied to repay, in inverse
      order of maturity, on or before the last Business Day of the Fiscal
      Quarter immediately following the Fiscal Quarter in which such sale or
      sale/leaseback occurs, (i) firstly, in respect of Permitted Proceeds that
      arise in respect of Fixed Assets which are real property (including
      fixtures), to the then outstanding principal amount under Facility C,
      until Facility C is repaid in full, (ii) secondly, in respect of Permitted
      Proceeds that arise in respect of Fixed Assets which are not real property
      or fixtures, to the then outstanding amount under Facility D, until
      Facility D is repaid in full, and (iii) thirdly, on a pro rata
      basis to the then outstanding principal amounts of Advances under
      Facility A and Facility B, until, in the case of each applicable repayment
      of Permitted Proceeds, then outstanding principal amounts under Facility A
      and Facility B are repaid (provided however that, for greater certainty,
      any such amounts so repaid may be reborrowed under Facility A or Facility
      B in accordance with the terms of this Agreement). SunOpta will provide
      such information regarding the permitted sale or sale/leaseback of Fixed
      Assets of the Obligors and the use of Permitted Proceeds as is required by
      the Agent and the Lenders pursuant to Section 9.4 of this
  Agreement.

	 	 	 	 
		(d) 	
      If insurance proceeds become payable in respect of loss
      of or damage to any property owned by an Obligor:

	 	 	 	 
			(i) 	
      if a Default or Event of Default has occurred and is
      continuing at such time, the Agent shall hold such proceeds as cash
      collateral and as part of the Collateral (unless otherwise agreed by the
      Majority Lenders in their sole discretion) until such time as either (A)
      such Default or Event of Default is cured, at which time such proceeds
      shall be dealt with in accordance with paragraphs (ii), (iii)
and (iv) below, as applicable, or (B) the Obligations become immediately due and
payable in accordance with Section 10 hereof, at which time such proceeds shall
be applied against the Obligations in accordance with Section 6.5; 

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	 	(ii) 	
      if no Default or Event of Default has occurred and is
      continuing at such time, and such proceeds in respect of property other
      than Fixed Assets are less than US$1,000,000, such proceeds in respect of
      property other than Fixed Assets shall be paid to such Obligor
  if:

	 	 	 	 
	 		(A) 	
      such property has been repaired or replaced and the
      proceeds will reimburse the Obligor for payments it has made for such
      purpose; or

	 	 	 	 
	 		(B) 	
      the Obligor confirms in writing to the Agent that it will
      forthwith use such proceeds to repair or replace such property which such
      repair and/or replacement will commence within three months of the Agent's
      receipt of written notice contemplated by this clause; and

	 	 	 	 
	 	(iii) 	
      if no Default or Event of Default has occurred and is
      continuing at such time, and such proceeds in respect of property other
      than Fixed Assets are equal to or greater than US$1,000,000 but less than
      US$10,000,000, such proceeds shall, subject to what is stated below, be
      deposited into a cash collateral account under the sole dominion and
      control of the Agent and held as part of the Collateral. Such proceeds in
      respect of property other than Fixed Assets or the relevant portion of
      such proceeds shall be released from the cash collateral account and shall
      be paid to such Obligor if:

	 	 	 	 
	 		(A) 	
      such property has been repaired or replaced and the
      proceeds will reimburse the Obligor for payments it has made for such
      purposes; or

	 	 	 	 
	 		(B) 	
      the Obligor confirms in writing to the Agent that it will
      forthwith use such proceeds to replace or repair such property, which such
      repair and/or replacement will commence within three months of the Agent's
      receipt of written notice contemplated by this clause provided, however,
      that only such amount of proceeds as is required to pay from time to time
      for the repair or replacement, or the process of repair or replacement, of
      property contemplated hereby will be released from the cash collateral
      account maintained for this purpose upon the Borrower's written request of
      the Agent to do so; and

	 	 	 	 
	 	(iv) 	
      if no Default or Event of Default has occurred and is
      continuing at such time, and such proceeds have arisen in respect of loss
      of or damage to property other than Fixed Assets, and
are equal to or greater than US$10,000,000, then such proceeds in excess of
US$10,000,000 shall be applied pro rata to repay, in inverse order of
maturity, the then outstanding principal amounts of Advances under Facility A
and Facility B and, for greater certainty, such amounts may be reborrowed under
Facility A and Facility B subject to the provisions of this Agreement; and 

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	 	(v) 	
      if no Default or Event of Default has occurred and is
      continuing at such time, and such proceeds have arisen in respect of loss
      or damage to property which is Fixed Assets then, unless otherwise agreed
      to in writing by the Agent, (a) such proceeds in respect of Fixed Assets
      which are real property or fixtures shall be applied, in inverse order of
      maturity, to the then outstanding principal amount under Facility C, until
      Facility C is repaid in full, (b) such proceeds in respect of Fixed Assets
      which are not real property or fixtures shall be applied, in inverse order
      of maturity, to the then outstanding amount under Facility D, until
      Facility D is repaid in full, and (c) the remainder of such proceeds, if
      any, in respect of Fixed Assets shall be applied, pro rata in
      inverse order of maturity, to repay the then outstanding principal amounts
      of Advances under Facility A and Facility B until the then outstanding
      principal amounts under Facility A and Facility B are repaid (provided,
      however, that, for greater certainty, any such amounts so repaid may be
      reborrowed under Facility A or Facility B in accordance with the terms of
      this Agreement).

	5.3 	
      Mandatory Repayment of Facility A – Currency
      Fluctuations.

	 	 	 	 
		(a) 	
      Without limiting Section 3.6 or any other provision
      hereof, if, due to exchange rate fluctuations or for any reason
      whatsoever, the Canadian Dollar Amount of the principal amount of all
      Advances outstanding under Facility A shall, at any time, exceed the
      lesser of the Commitment for Facility A or the then current Facility A
      Borrowing Base (the amount of the excess being referred to herein as an
      “Excess Amount”), then within three Business Days of written notice
      from the Agent, SunOpta shall, at its option:

	 	 	 	 
			(i) 	
      forthwith repay Loans and/or fund any Lender's
      obligations with respect to outstanding Bankers' Acceptances, Letters of
      Credit or Letters of Guarantee in an amount equal to or greater than such
      Excess Amount; or

	 	 	 	 
			(ii) 	
      provide cash collateral or such other security as the
      Agent may require in an amount equal to or greater than such Excess Amount
      which collateral shall remain in the Agent's possession until the Canadian
      Dollar Amount of the principal amount of all Advances outstanding under
      Facility A is equal to or less than the lesser of the Commitment for
      Facility A and the then current Facility A Borrowing Base whereupon such
      collateral shall be released by the Agent to
SunOpta.

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	 	(b) 	
      Notwithstanding any other provision of this Agreement,
      including any provision contemplating a Rollover or Conversion, whenever
      the Canadian Dollar Amount of the principal amount of all Advances
      outstanding under Facility A is in excess of the lesser of the Commitment
      for Facility A or the then current Facility A Borrowing Base, SunOpta
      shall (i) repay any USBR Loan or (ii) upon the maturity of any Banker's
      Acceptance, repay the Banker's Acceptance, and any repayments under
      clauses (i) and (ii) shall be applied in reduction of such Excess
      Amount.

5.4    Optional Prepayment –
Facility C and Facility D. 

The Borrowers may prepay, without penalty, in whole or in part
and in a minimum amount of C$1,000,000 or US$1,000,000 (as applicable) or larger
whole multiples thereof, the principal amount outstanding under each of Facility
C and Facility D (or either) at any time prior to the Maturity Date provided
that (i) any such prepayment shall be funded from internal cash flow of the
Borrowers, (ii) all accrued interest with respect to the amount to be prepaid
shall have been paid, and (iii) the Borrowers indemnify the Agent on behalf of
the Lenders for any breakage expense suffered or incurred by any Lender in
respect of Libor Loans or Hedge Contracts terminated as a result of any such
prepayment. The applicable Borrower shall give thirty days prior written
irrevocable notice to the Agent of its desire to make any prepayment,
substantially in the form attached hereto as Schedule Q. 

5.5    Optional Cancellation.

The Borrowers may terminate (i) Facility C only, (ii) Facility
D only, (iii) Facility C and Facility D only or (iv) all of the Credit
Facilities, each in whole (but not in part) at any time upon at least sixty (60)
days prior written notice to the Agent and upon (a) the payment in full of all
outstanding Obligations under the relevant Credit Facility, together with all
accrued and unpaid interest thereon, (b) the payment of any accrued and unpaid
standby fees and other fees due under the Documents in respect of the relevant
Credit Facility (including any prepayment fee required pursuant to the terms of
this Section) to the date of termination, and (c) the expiration or termination
of all B/As, Letters of Credit, Letters of Guarantee and Hedge Contracts
(including all FEFCs, FX Collar Options and interest rate hedging instruments)
under the relevant Credit Facility and, to the extent any such B/A, Letter of
Credit, Letter of Guarantee or Hedge Contract has not expired in accordance with
its terms or otherwise been terminated to the satisfaction of the Agent,
accompanied by collateral security in form and in such amounts as shall be
satisfactory to the Agent. At the effective date of any termination of any one
or more of Facility A, Facility B, Facility C and Facility D, as applicable, by
the Borrowers which occurs prior to the Maturity Date, or upon the Obligations
or any of them being declared due and payable pursuant to Section 10.2, the
Borrowers shall pay a prepayment fee to the Agent, for and on behalf of the
Lenders under Facility A, Facility B, Facility C and Facility D, as applicable,
according to their Rateable Portion, as liquidated damages for the loss of
bargain and not as a penalty, in an amount equal to one percent (1.00%) of the
aggregate Total Commitment in respect of, as applicable, Facility A, Facility B,
Facility C and Facility D if such termination or declaration occurs during the
second 12-month period after the Original Closing Date (namely, the period
commencing October 31, 2010 and ending October 30, 2011), and one-half of one
percent (0.50%) of the aggregate Total Commitment in respect of, as applicable,
Facility A, Facility B, Facility C and Facility D if such termination or
declaration occurs thereafter. Notwithstanding the foregoing, the prepayment fee
provided in this Section 5.5 shall not be payable if termination results
directly from the conversion of Facility A, Facility B, Facility C and Facility
D to another type of loan owing to then existing Lenders to which are then owed
67.67% or more of the principal amount of all Obligations then outstanding under
all of the Credit Facilities. 

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SECTION 6 

  PAYMENTS AND TAXES

6.1    Payments Generally.

All amounts owing in respect of a Credit Facility, whether on
account of principal, interest or fees or otherwise, shall be paid in the
currency in which the Advance is outstanding. Each payment under this Agreement
shall be made for value on the day the payment is due. All interest and other
fees shall continue to accrue until payment has been received by the Agent on
behalf of each Lender as applicable, by the L/C Lender and by each Hedge Lender,
as applicable. Each payment under or in respect of the Credit Facilities shall
be made at the Borrower's Account for Payments at or before 1:00 p.m. on the day
payment is due. The Borrowers hereby authorize the Agent to debit the applicable
Borrower's account in respect of any and all payments to be made by such
Borrower under this Agreement. Receipt by the Agent from the Borrower of funds
under this Agreement, as principal, interest, fees or otherwise, shall be deemed
to be receipt of these funds by the relevant Lenders. 

	6.2 	
      Taxes.

	 	 	 
		(a) 	
      Payments. All payments to be made by or on
      behalf of the Borrowers under or with respect to this Agreement are to be
      made free and clear of and without deduction or withholding for, or on
      account of, any present or future Taxes, unless such deduction or
      withholding is required by Applicable Law. If a Borrower is required to
      deduct or withhold any Taxes from any amount payable to the Agent or any
      Lender (i) the amount payable shall be increased as may be necessary so
      that after making all required deductions or withholdings (including
      deductions and withholdings applicable to, and taking into account all
      Taxes on, or arising by reason of the payment of, additional amounts under
      this Section 6.2), the Agent or any Lender, as the case may be, receives
      and retains an amount equal to the amount that it would have received had
      no such deductions or withholdings been required, (ii) the Borrowers shall
      make such deductions or withholdings, and (iii) the Borrowers shall remit
      the full amount deducted or withheld to the relevant taxing authority in
      accordance with Applicable Laws. Notwithstanding the foregoing, but
      subject to what is stated below, the Borrowers shall not be required to
      pay additional amounts in respect of Excluded Taxes. For greater certainty
      and notwithstanding any other provision of this Agreement, if as a result
      of any Change in Law (as defined in the Provisions), a Borrower is then
      required to deduct or withhold any Taxes (other than Taxes imposed on the
      net income or the capital of the Agent or any Lender by any Governmental
      Authority as a result of the Agent or the Lender (A) carrying on a trade
      or business or having a permanent establishment in any jurisdiction in
Canada or the United States or a political subdivision thereof, (B) being
organized under the laws of such jurisdiction or any political subdivision
thereof, or (C) being or being deemed to be resident in such jurisdiction or
political subdivision thereof) from any amount payable to the Agent or a Lender,
then such Taxes shall for all purposes be considered Indemnified Taxes (as
defined in the Provisions) and the Borrower shall make such payments and
deductions as are contemplated in clauses (i), (ii) and (iii) of this Section
6.2(a) and shall provide the indemnity as contemplated in Section 6.2(b) below. 

- 82 -

	 	(b) 	
      Indemnity. The Borrowers shall indemnify
      the Agent and the Lenders for the full amount of any Taxes (other than
      Excluded Taxes) imposed by any jurisdiction on amounts payable by the
      Borrowers under this Agreement and paid by the Agent, or any Lender and
      any liability (including penalties, interest and reasonable expenses)
      arising therefrom or with respect thereto, whether or not such Taxes were
      correctly or legally asserted, and any Taxes levied or imposed with
      respect to any indemnity payment made under this Section 6.2. The
      Borrowers shall also indemnify the Agent and the Lenders for any Taxes
      (other than Excluded Taxes) that may arise as a consequence of the
      execution, sale, transfer, delivery or registration of, or otherwise with
      respect to this Agreement or any other Document. The indemnifications
      contained in this Section 6.2(b) shall be made within 30 days after the
      date the Agent makes written demand therefor.

	 	 	 
	 	(c) 	
      Evidence of Payment. Within 30 days after
      the date of any payment of Taxes by the Borrowers, the Borrowers shall
      furnish to the Agent the original or a certified copy of a receipt
      evidencing payment by the Borrowers of any Taxes with respect to any
      amount payable to the Agent and the Lenders hereunder.

	 	 	 
	 	(d) 	
      Survival. The Borrowers' obligations under
      this Section 6.2 shall survive the termination of this Agreement and the
      payment of all amounts payable under or with respect to this
    Agreement.

6.3    No Set-Off.

All payments to be made by the Borrowers shall be made without
set-off or counterclaim and without any deduction of any kind. 

6.4    Application of Payments
Before Exercise of Rights. 

Subject to the provisions of this Agreement, all payments made
by or on behalf of the Borrowers before the exercise of any rights arising under
Section 10.2, or otherwise, shall be paid to the Agent and distributed among the
Lenders pro rata in accordance with their respective Rateable Portions
(or, as the case may be, to or among the Agent, the Lender or the Lenders to
whom those payments are owing) in each instance in the following order: 

	 	(a) 	
      firstly, in payment of any amounts due and payable as and
      by way of agency fees owing to the Agent for its services hereunder or in
      connection herewith;

- 83 -

	 	(b) 	
      secondly, in payment of any amounts due and payable as
      and by way of recoverable expenses hereunder or in connection
    herewith;

	 	 	 
	 	(c) 	
      thirdly, in payment of any interest, other fees, or
      default interest then due and payable on or in respect of the
    Advances;

	 	 	 
	 	(d) 	
      fourthly, in repayment of any principal amounts of the
      Advances; and

	 	 	 
	 	(e) 	
      fifthly, in payment of any other amounts then due and
      payable by the Borrowers hereunder or in connection
  herewith.

6.5    Application of Payments
After Exercise of Rights Under Section 10.2. 

All payments made by or on behalf of the Obligors after the
exercise of any rights arising under Section 10.2 shall be paid to and
distributed pro rata among, as applicable, (i) the Lenders in accordance
with their Rateable Portions, or (ii) as the case may be, to or among the Agent,
the Lender or the Lenders to whom those payments are owing, in each instance in
the following order: 

	 	(a) 	
      firstly, in payment of agency fees, if any, and the
      reasonable costs and expenses of any realization against the Obligors and
      any and all other sureties and guarantors or of its or their respective
      property and assets, including the out-of- pocket expenses of the Agent
      and the Lenders and the reasonable fees and out-of- pocket expenses of
      counsel, consultants and other advisers employed in connection therewith
      and in payment of all costs and expenses incurred by the Agent in
      connection with the administration, and by the Agent and the Lenders in
      connection with the enforcement, of this Agreement or the other Documents,
      to the extent that those applicable funds, costs and expenses shall not
      have been reimbursed to the Agent and the Lenders; and

	 	 	 
	 	(b) 	
      secondly, in payment of any interest, other fees, or
      default interest then due and payable on or in respect of the
    Advances;

	 	 	 
	 	(c) 	
      thirdly, in repayment of any principal amounts of the
      Advances;

	 	 	 
	 	(d) 	
      fourthly, in payment of any other amounts then due and
      payable by any Borrower hereunder or in connection herewith; and

	 	 	 
	 	(e) 	
      thereafter as the Agent and the Lenders may, subject to
      Applicable Law, determine in their discretion.

SECTION 7 

  SECURITY DOCUMENTS

7.1    Security Documents.

The payment and performance of the Obligations shall at all
times be secured by, among other things, encumbrances of all of the Obligors'
Accounts Receivable, chattel paper, documents of title, instruments, investment property, intangibles,
Inventory, equipment and other assets and property, in each case whether now
owned or held or hereafter acquired or arising, pursuant to applicable Security
Documents. Without limiting the foregoing, the Borrowers shall cause the
following documents to be executed and delivered to the Agent on behalf of the
Lenders (unless such documents were previously delivered) to secure the
Obligations, those documents to be in form and substance satisfactory to the
Agent and the Lenders: 

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	 	(a) 	
      by SunOpta: (i) Ontario law guarantee of the
      obligations of all Obligors (other than SunOpta) owing to the Lenders;
      (ii) a general security agreement creating a security interest in all of
      the personal property, assets and undertaking of SunOpta, including
      securities (or the equivalent) registered in every location where SunOpta
      has material assets; (iii) security under 427 of the Bank Act
      (Canada); (iv) a general assignment of book debts; (v) a first
      collateral charge, by way of debenture or other appropriate security
      (including a hypothec), over the real property located at 2838 Highway 7,
      Norval, Ontario; (vi) an assignment of all insurance policies, including
      but not limited to fire and all perils insurance on real property and
      policies insuring the assets of SunOpta; (vii) an offset agreement
      regarding cash balances; (viii) a securities pledge agreement; (ix) if
      applicable, an acknowledgment regarding existing security; (x) an
      assignment of any security that SunOpta may now or hereafter obtain from
      any other Person, and (xi) such other Security Documents as the Agent may
      reasonably request from time to time;

	 	 	 
	 	(b) 	
      by 1510146 Ontario: (i) Ontario law guarantee of
      the obligations of all Obligors (other than 1510146 Ontario) owing to the
      Lenders; (ii) a general security agreement creating a security interest in
      all of the personal property, assets and undertaking of 1510146 Ontario,
      including securities (or the equivalent) registered in every location
      where 1510146 Ontario has material assets; (iii) a general assignment of
      book debts; (iv) an assignment of all insurance policies, including but
      not limited to fire and all perils insurance on real property and policies
      insuring the assets of 1510146 Ontario; (v) an offset agreement regarding
      cash balances; (vi) if applicable, an acknowledgment regarding existing
      security; and (vii) such other Security Documents as the Agent may
      reasonably request from time to time;

	 	 	 
	 	(c) 	
      by LP: (i) Illinois law guarantee of the
      obligations of all Obligors (other than LP) owing to the Lenders; (ii) a
      general security agreement creating a security interest in all of the
      personal property, assets and undertaking of LP, including securities (or
      the equivalent) registered in every location where LP has material assets;
      (iii) a certificate in respect of all insurance policies, including but
      not limited to fire and all perils insurance on real property and policies
      insuring the assets of LP, indicating the Agent and/or the Lenders as loss
      payee; (iv) an offset agreement regarding cash balances; (v) if
      applicable, an acknowledgment regarding existing security; and (vi) such
      other Security Documents as the Agent may reasonably request from time to
      time;

	 	 	 
	 	(d) 	
      by ULC: (i) Ontario law guarantee of the
      obligations of all Obligors (other than ULC) owing to the Lenders; (ii) a
      general security agreement creating a security interest in all of the personal
property, assets and undertaking of ULC, including securities (or the
equivalent) registered in every location where ULC has material assets; (iii) an
assignment of all insurance policies, including but not limited to fire and all
perils insurance on real property and policies insuring the assets of ULC; (iv)
an offset agreement regarding cash balances; (v) if applicable, an
acknowledgment regarding existing security; and (vi) such other Security
Documents as the Agent may reasonably request from time to time; 

- 85 -

	 	(e) 	
      by LLC: (i) Illinois law guarantee of the
      obligations of all Obligors (other than LLC) owing to the Lenders; (ii) a
      general security agreement creating a security interest in all of the
      personal property, assets and undertaking of LLC, including securities (or
      the equivalent) registered in every location where LLC has material
      assets; (iii) a certificate in respect of all insurance policies,
      including but not limited to fire and all perils insurance on real
      property and policies insuring the assets of LLC, indicating the Agent
      and/or the Lenders as loss payee; (iv) an offset agreement regarding cash
      balances; (v) if applicable, an acknowledgment regarding existing
      security; and (vi) such other Security Documents as the Agent may
      reasonably request from time to time;

	 	 	 
	 	(f) 	
      by SunOpta Food Group: (i) Illinois law guarantee
      of the obligations of all Obligors (other than SunOpta Food Group) owing
      to the Lenders; (ii) a general security agreement creating a security
      interest in all of the personal property, assets and undertaking of
      SunOpta Food Group, including securities (or the equivalent) registered in
      every location where SunOpta Food Group has material assets; (iii) a
      certificate in respect of all insurance policies, including but not
      limited to fire and all perils insurance on real property and policies
      insuring the assets of SunOpta Food Group, indicating the Agent and/or the
      Lenders as loss payee; (iv) an offset agreement regarding cash
      balances;(v) if applicable, an acknowledgment regarding existing security;
      and (vi) such other Security Documents as the Agent may reasonably request
      from time to time;

	 	 	 
	 	(g) 	
      by SunOpta Fruit: (i) Illinois law guarantee of
      the obligations of all Obligors (other than SunOpta Fruit) owing to the
      Lenders; (ii) a general security agreement creating a security interest in
      all of the personal property, assets and undertaking of SunOpta Fruit,
      including securities (or the equivalent) registered in every location
      where SunOpta Fruit has material assets; (iii) a first collateral charge,
      by way of debenture or other appropriate security (including a mortgage
      and security agreement with assignment of rents), over the real property
      owned by SunOpta Fruit, (iv) a certificate in respect of all insurance
      policies, including but not limited to fire and all perils insurance on
      real property and policies insuring the assets of SunOpta Fruit,
      indicating the Agent and/or the Lenders as loss payee; (v) an offset
      agreement regarding cash balances; (vi) if applicable, an acknowledgment
      regarding existing security; and (vii) such other Security Documents as
      the Agent may reasonably request from time to time;

	 	 	 
	 	(h) 	
      by Aseptic: (i) Illinois law guarantee of the
      obligations of all Obligors (other than Aseptic) owing to the Lenders;
      (ii) a general security agreement creating a security interest in all of the
personal property, assets and undertaking of Aseptic, including securities (or
the equivalent) registered in every location where Aseptic has material assets;
(iii) a first collateral charge, by way of debenture or other appropriate
security (including a mortgage and security agreement with assignment of rents),
over the real property owned by Aseptic; (iv) a certificate in respect of all
insurance policies, including but not limited to fire and all perils insurance
on real property and policies insuring the assets of Aseptic, indicating the
Agent and/or the Lenders as loss payee; (v) an offset agreement regarding cash
balances; (vi) if applicable, an acknowledgment regarding existing security; and
(vii) such other Security Documents as the Agent may reasonably request from
time to time;

- 86 -

	 	(i) 	
      by Sunrich: (i) Illinois law guarantee of the
      obligations of all Obligors (other than Sunrich) owing to the Lenders;
      (ii) a general security agreement creating a security interest in all of
      the personal property, assets and undertaking of Sunrich, including
      securities (or the equivalent) registered in every location where Sunrich
      has material assets; (iii) a first collateral charge, by way of debenture
      or other appropriate security (including a mortgage and security agreement
      with assignment of rents), over the real property owned by Sunrich; (iv) a
      certificate in respect of all insurance policies, including but not
      limited to fire and all perils insurance on real property and policies
      insuring the assets of Sunrich, indicating the Agent and/or the Lenders as
      loss payee; (v) an offset agreement regarding cash balances; (vi) if
      applicable, an acknowledgment regarding existing security; and (vii) such
      other Security Documents as the Agent may reasonably request from time to
      time;

	 	 	 
	 	(j) 	
      by SunOpta Ingredients: (i) Illinois law guarantee
      of the obligations of all Obligors (other than SunOpta Ingredients) owing
      to the Lenders; (ii) a general security agreement creating a security
      interest in all of the personal property, assets and undertaking of
      SunOpta Ingredients, including securities (or the equivalent) registered
      in every location where SunOpta Ingredients has material assets; (iii) a
      first collateral charge, by way of debenture or other appropriate security
      (including a mortgage and security agreement with assignment of rents),
      over the real property owned by SunOpta Ingredients (iv) a certificate in
      respect of all insurance policies, including but not limited to fire and
      all perils insurance on real property and policies insuring the assets of
      SunOpta Ingredients, indicating the Agent and/or the Lenders as loss
      payee; (v) an offset agreement regarding cash balances; (vi) a patent
      collateral agreement; (vii) if applicable, an acknowledgment regarding
      existing security; and (vii) such other Security Documents as the Agent
      may reasonably request from time to time;

	 	 	 
	 	(k) 	
      by 7599153 Canada: (i) Ontario law guarantee of
      the obligations of all Obligors (other than 7599153 Canada) owing to
      Lenders, (ii) a general security agreement creating a security interest in
      all of the personal property, assets and undertaking of 7599153 Canada,
      including securities (or the equivalent) registered in every location
      where 7599153 Canada has material assets, (iii) an assignment of all
      insurance policies, including but not limited to fire and all perils
      insurance on real property and policies insuring the
assets of 7599153 Canada, (iv) an offset agreement regarding cash balances; (v)
if applicable, an acknowledgment regarding existing security; and (vii) such
other Security Documents as the Agent may reasonably request from time to
time;

- 87 -

	 	(l) 	
      by Global: (i) Illinois law guarantee of the
      obligations of all Obligors (other than Global) owing to the Lenders; (ii)
      a general security agreement creating a security interest in all of the
      personal property, assets and undertaking of Global, including securities
      (or the equivalent) registered in every location where Global has material
      assets (iii) a first collateral charge by way of debenture or other
      appropriate security (including a mortgage and security agreement with
      assignment of rents), over the real property owned by Global (iv) a
      certificate in respect of all insurance policies, including but not
      limited to fire and all perils insurance on real property and policies
      insuring the assets of Global, indicating the Agent and/or the Lenders as
      loss payee; (v) an offset agreement regarding cash balances; and (vii)
      such other Security Documents as the Agent may reasonably request from
      time to time;

	 	 	 
	 	(m) 	
      by SunOpta Holdings: (i) Illinois law guarantee of
      the obligations of all Obligors (other than SunOpta Holdings) owing to the
      Lenders; (ii) a general security agreement creating a security interest in
      all of the personal property, assets and undertaking of SunOpta Holdings,
      including securities (or the equivalent) registered in every location
      where SunOpta Holdings has material assets; (iii) a certificate in respect
      of all insurance policies, including but not limited to fire and all
      perils insurance on real property and policies insuring the assets of
      SunOpta Holdings, indicating the Agent and/or the Lenders as loss payee;
      (iv) an offset agreement regarding cash balances; (v) if applicable, an
      acknowledgment regarding existing security; and (vii) such other Security
      Documents as the Agent may reasonably request from time to time;

	 	 	 
	 	(n) 	
      by Dahlgren: (i) Illinois law guarantee of the
      obligations of all Obligors (other than Dahlgren) owing to the Lenders;
      (ii) a general security agreement creating a security interest in all of
      the personal property, assets and undertaking of Dahlgren, including
      securities (or the equivalent) registered in every location where Dahlgren
      has material assets; (iii) a first collateral charge, by way of debenture
      or other appropriate security (including a mortgage and security agreement
      with assignment of rents), over the real property owned by Dahlgren; (iv)
      a certificate in respect of all insurance policies, including but not
      limited to fire and all perils insurance on real property and policies
      insuring the assets of Dahlgren, indicating the Agent and/or the Lenders
      as loss payee; (v) an offset agreement regarding cash balances; (vi) if
      applicable, an acknowledgment regarding existing security; and (vii) such
      other Security Documents as the Agent may reasonably request from time to
      time;

	 	 	 
	 	(o) 	
      by Mexico: (i) Ontario law guarantee of the
      obligations of all Obligors (other than Mexico) owing to the Lenders, and
      (ii) a consent to the pledge of Mexico's shares/participation interests to
      the Agent and/or the Lenders;

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	 	(p) 	
      by Servicios: (i) Ontario law guarantee of the
      obligations of all Obligors (other than Servicios) owing to the Lenders,
      and (ii) a consent to the pledge of Servicios shares/participation
      interests to the Agent and/or the Lenders;

	 	 	 
	 	(q) 	
      each relevant Lender's standard form Bankers' Acceptances
      in blank in accordance with Section 3.9(f); and

	 	 	 
	 	(r) 	
      such blocked account or lockbox agreements or other
      documents or instruments as may be required pursuant to Section
  7.2.

7.2    Collateral Proceeds.

Each of the Borrowers agrees to make from time to time such arrangements
  as shall be necessary or appropriate to ensure (through the use of a blocked
  account or lockbox under the sole control of the Agent) that all proceeds of
  the Collateral are deposited (in the same form as received) in one or more remittance
  accounts maintained with and under the control of the Agent, each such account
  to constitute a special restricted account. Any proceeds of Collateral received
  by any Obligor shall, while held by such Obligor, be held in trust for the Agent
  in the same form in which received, shall not be commingled with any assets
  of such Obligor, and shall be delivered immediately to the Agent (together with
  any necessary endorsements thereto) for deposit into such account. The Borrower
  and each of the Obligors acknowledges that all funds in such accounts are, unless
  they become the property of the Agent pursuant to any agreement with the Agent,
  held in trust for the Agent, and that, to the extent of any interest of the
  Obligors therein, the Agent has been granted or will be granted a Lien on such
  accounts and all funds contained therein to secure the Obligations. No amounts
  deposited in such accounts shall be released to the Obligors, but shall instead
  be applied to, or otherwise held for application to, or as collateral security
  for, the outstanding Obligations and (to the extent so provided in any other
  Document) any and all other indebtedness, liabilities and obligations, present
  or future, of each of the Obligors to the Agent and the Lenders under or in
  connection with the Documents, it being understood and agreed that, notwithstanding
  such application, the Borrower shall have the right to obtain additional Advances
  under this Agreement subject to the terms and conditions hereof. Notwithstanding
  the foregoing and for greater certainty, provided that no Default or Event of
  Default has occurred and is continuing and provided that a minimum Excess Availability
  of US$15,000,000 is maintained at all times, the relevant depository banks,
  namely BMO and Harris, will, in respect of the bank accounts maintained by the
  Borrowers with such depository banks for purposes of this Agreement, comply
  with the transfer, withdrawal and disbursement instructions of the Borrowers.
  If at any time Excess Availability falls below US$15,000,000 or if at any time
  a Default or an Event of Default occurs and is continuing, then the Borrowers
  hereby waive the authority, and shall not have any authority, to withdraw any
  amounts from, to draw upon or otherwise exercise any authority or powers with
  respect to such bank accounts and such bank accounts and all amounts held therein
  shall be under the sole dominion and control of the Agent.

	7.3 	
      Further Assurances.

	 	 	 
		(a) 	
      Additional Obligors. The Borrowers shall
      cause any North American Included Subsidiary (other than Mexico and
      Servicios as of the date hereof in respect of
the documents contemplated below)
to sign an Additional Obligor Counterpart and execute and deliver, to the
extent such Included Subsidiary is permitted to do so by the law applicable to
it, a guarantee unlimited as to amount, substantially similar to the guarantees
executed by the Obligors, supported by: 

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	 	(i) 	
      a general security agreement or the equivalent,
      substantially similar to the general security agreements executed by the
      Obligors, creating a security interest in all its personal property,
      assets and undertaking, including securities registered in every location
      where such Included Subsidiary has material assets;

	 	 	 
	 	(ii) 	
      a charge (or the equivalent) of such Included Subsidiary
      creating a fixed charge on all such Included Subsidiary's real property
      registered against title to such property;

	 	 	 
	 	(iii) 	
      an assignment of all insurance policies held by the
      Included Subsidiary insuring the real property or assets of the Included
      Subsidiary; and

	 	 	 
	 	(iv) 	
      such other additional or substitute security as the Agent
      or the Unanimous Lenders may require from time to
time;

	 		
      all immediately upon that Person becoming an Included
      Subsidiary.

	 	 	 
	 	(b) 	
      Further Documents. Upon request of the
      Agent or the Unanimous Lenders, the Obligors or any of them shall, to the
      extent permitted by law applicable to it, execute and deliver, or shall
      cause to be executed and delivered, to the Agent such further documents or
      instruments and shall do or cause to be done such further acts as may be
      necessary or proper in the reasonable opinion of the Agent or the
      Unanimous Lenders in its or their sole and absolute discretion, to secure
      the Obligations, including, without limitation, executing and delivering
      or causing to be executed and delivered such further documents or
      instruments to give the Lenders a first priority security interest in any
      and all property and assets now or hereafter acquired by any Obligor,
      subject to any Permitted Liens. Notwithstanding the foregoing and for
      greater security, if the maturity date in respect of any Hedge Contract
      with a Lender extends beyond the Maturity Date then, in respect of each
      such Hedge Contract, the Borrower shall provide to the Agent on behalf of
      such Lender on or before the Maturity Date cash collateral in an amount
      equivalent to 110% of the net Mark-to-Market Amount of all such then
      outstanding Hedge Contracts with such Lender, as adjusted quarterly on the
      last day of each Fiscal Quarter. Such percentage may be increased up to
      125% by notice given by the Agent to the Borrower, and the Borrower shall
      thereupon, promptly provide such additional cash collateral to the
      Agent.

7.4    Acknowledgement 

The Agent and the Lenders acknowledge that the Mortgage granted
by Aseptic over the real property municipally known as 26 Annette Street,
Heuvelton, New York has only being granted to secure the term loan obligations
of the Borrower under Facility C and Facility D and will not secure the revolving operating loan obligations of the
Borrowers under Facility A and Facility B. For greater certainty, and in order
to ensure that all Lenders rank pari passu and pro rata (in
accordance with each Lender's Rateable Portion) in respect of the aggregate
proceeds of all of the Collateral, the Agent is hereby authorized to and shall
make such adjustments as may be required in the circumstances in order to ensure
that such Lenders which do not have a security interest in the Collateral
described above receive additional proceeds of realization in respect of such
other relevant Collateral in the circumstances such that all Lenders rank
pari passu and pro rata (in accordance with each Lender's Rateable
Portion) in respect of the aggregate proceeds of realization of all of the
Collateral. 

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SECTION 8 

  CONDITIONS PRECEDENT

8.1    Conditions Precedent to
Disbursements of Advances. 

The obligation of each Lender to make available the first
Advance, Rollover or Conversion under each Credit Facility is subject to and
conditional upon the satisfaction of the following conditions: 

	 	(a) 	
      Delivery of Documents. The Agent shall have
      received Sufficient Copies, in form and substance satisfactory to the
      Agent of the following:

	 	 	 	 	 
	 		(i) 	
      this Agreement duly executed by all the parties
      hereto;

	 	 	 	 	 
	 		(ii) 	
      each Security Document and all other Documents duly
      executed by all the parties thereto;

	 	 	 	 	 
	 		(iii) 	
      timely notice as may be required by any term of this
      Agreement in connection with any action to be taken thereunder;

	 	 	 	 	 
	 		(iv) 	
      a Certificate of each Obligor dated the Closing Date
      certifying:

	 	 	 	 	 
	 			(A) 	
      that its constating documents and the by-laws, which
      shall be attached thereto, are complete and correct copies and are in full
      force and effect;

	 	 	 	 	 
	 			(B) 	
      all resolutions and all other authorizations necessary to
      authorize the execution and delivery of and the performance by it of its
      obligations under this Agreement, the Security Documents and the other
      Documents to which it is a party and all the transactions contemplated
      thereby; and

	 	 	 	 	 
	 			(C) 	
      all representations and warranties contained in this
      Agreement are true and correct as if made on the date of the
      Certificate;

	 	 	 	 	 
	 		(v) 	
      opinions of applicable Canadian, Mexican and United
      States counsel to the Obligors, addressed to the Agent and each Lender and
      counsel to the Agent with respect to, inter
alia, due authorization, execution, delivery and enforceability of the
Documents executed by the Obligors; 

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	 	(vi) 	
      a current borrowing base certificate in respect of
      Facility A in the form attached hereto as Schedule W-1 (the “Facility A
      Borrowing Base Certificate”) from SunOpta showing the computation of
      the Facility A Borrowing Base, and a current borrowing base certificate in
      respect of Facility B in the form attached hereto as Schedule W-2 (the
      “Facility B Borrowing Base Certificate”) from SunOpta Food Group
      showing the computation of the Facility B Borrowing Base, together with
      all documents and information required in order to calculate the Facility
      C Borrowing Base and the Facility D Borrowing Base, in each case in
      reasonable detail as of the close of business not earlier than three
      Business Days prior to the making of the initial Advance
  hereunder;

	 	 	 
	 	(vii) 	
      duly executed certificate(s) of insurance evidencing the
      insurance required under this Agreement and endorsements of those policies
      each showing loss payable to the Agent;

	 	 	 
	 	(viii) 	
      such other documents as the Agent may reasonably request
      including (A) the documents listed in Section 7.1 hereof, and (B) standard
      documentation used by the L/C Lender in connection with the issuance of
      Letters of Credit and Letters of Guarantee, prior to any Advance by way of
      any such method;

	 	 	 
	 	(ix) 	
      duly completed environmental checklists in the Agent's
      standard form, or if available or otherwise required by the Agent or the
      Lenders further to their respective review of the information disclosed in
      the environmental checklists, Phase I environmental reports in respect of
      real property owned by the Obligors;

	 	 	 
	 	(x) 	
      to the extent available, Collateral Access Agreements
      satisfactory to the Agent in respect of real property leased and/or
      utilized by any Obligor where material amounts of Inventory or other
      relevant property of the Obligors are located;

	 	 	 
	 	(xi) 	
      documentation satisfactory to the Agent and the Lenders
      in connection with the repayment of Facility C under the Original
      Agreement; and

	 	 	 
	 	(xii) 	
      if so requested by the Lenders, title insurance
      satisfactory to the Lenders in favour of the Agent in respect of each
      relevant property owned by an Obligor over which an encumbrance has been
      or will be provided in favour of the Agent.

	 	(b) 	
      Payout and Discharge. All funds owed by the
      Obligors to those creditors identified (based upon information provided by
      any Obligor) by the Agent shall be repaid in full and all Liens and/or
      security registrations made in favour of such creditors shall be
      discharged or the Agent shall have received an undertaking
  from such creditors to discharge all
such Liens and/or security registrations in form and substance satisfactory to
the Agent or the Agent, as applicable. 

- 92 -

	 	(c) 	
      Registration of Security Documents. All
      registrations, recordings and filings of or with respect to the Security
      Documents which in the opinion of counsel to the Agent are necessary to
      render effective the Lien intended to be created thereby shall have been
      completed.

	 	 	 
	 	(d) 	
      Fees. All fees payable in accordance with
      this Agreement on or before the Closing Date (including legal fees and
      expenses of the Agent and any agency, upfront or work fee payable to the
      Agent or the Lenders hereunder or otherwise) shall have been paid to the
      Agent or shall be paid from the first Advance hereunder or debited from an
      account of a Borrower.

	 	 	 
	 	(e) 	
      Appraisals and Field Examinations. The
      Agent and the Lenders shall have received such appraisals, field
      examination reports and certifications as they may require in order to
      satisfy the Lenders as to the value of the Collateral, the financial
      condition of the Obligors, and the lack of material contingent liabilities
      of the Obligors.

	 	 	 
	 	(f) 	
      Due Diligence. The Agent and the Lenders
      shall have completed, with results satisfactory to them, their business,
      legal and accounting due diligence with the respect to the Obligors and
      their property, including without limitation, the value of the Collateral
      (as evidenced by such field examination reports and inventory, fixed
      asset, real estate and other appraisals and certifications as may be
      required by the Agent or the Lenders), the financial condition of the
      Obligors (including the review by the Agent and Lenders of the financial
      statements and cash flow and hedging strategies of the Obligors as may be
      required by the Agent or the Lenders), the corporate and debt structure
      and organizational documents of the Obligors, environmental issues,
      material contracts, litigation, environmental issues and key management
      contracts;

	 	 	 
	 	(g) 	
      Market Change. No material adverse change
      or material disruption of the financial, banking or capital markets shall
      have occurred and be continuing, in each case, determined by the Agent in
      its sole and absolute discretion.

	 	 	 
	 	(h) 	
      Material Adverse Change. No Material
      Adverse Change shall have occurred since September 30, 2010 with respect
      to the Obligors.

	 	 	 
	 	(i) 	
      Existing Debt. The Lenders shall have
      reviewed the Obligors' existing Debt and Subordinated Debt obligations,
      with results satisfactory to the Lenders.

8.2    Conditions Precedent to
  All Advances.

The obligations of the Lenders to make available any Advance,
Rollover or Conversion, after the conditions in Section 8.1 being satisfied, are
subject to and conditional upon each of the conditions below being satisfied on
the applicable Drawdown Date, Issuance Date, Rollover Date or Conversion Date:

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	 	(a) 	
      No Default. No Default or Event of Default
      shall exist.

	 	 	 
	 	(b) 	
      Representations Correct. The
      representations and warranties contained in Section 2.1 shall be true and
      correct on each Drawdown Date, Issuance Date, Rollover Date or Conversion
      Date as if made on that date except for those which are affected by any
      change or changes after the date hereof of which a Borrower has notified
      the Agent in writing, provided such changes do not constitute a Default or
      an Event of Default.

	 	 	 
	 	(c) 	
      Notice of Advance. The Borrowers shall have
      provided any notice required in respect of an Advance, Rollover or
      Conversion.

	 	 	 
	 	(d) 	
      Facility A and Facility B Advances. SunOpta
      and SunOpta Food Group, as applicable, shall have provided the Agent with
      all Borrowing Base Certificates and other evidence relating to Facility A
      Borrowing Base, the Facility B Borrow Base and Excess Availability as the
      Agent may require in accordance with the terms hereof.

	 	 	 
	 	(e) 	
      Certain Advances. Each applicable Borrower
      executing and delivering to the relevant Lender or the Agent customary
      documentation required by such Lender or the Agent, as applicable, from
      time to time for purposes of extending Advances by way of Letter of
      Credit, Letter of Guarantee, Bankers' Acceptance and Hedge
    Contracts.

	 	 	 
	 	(f) 	
      No Material Adverse Change. No Material
      Adverse Change shall have occurred since the Closing Date with respect to
      the Obligors.

8.3    Waiver of a Condition
  Precedent.

The conditions stated in Sections 8.1 and 8.2 are inserted for
the sole benefit of the Agent and the Lenders and the conditions stated therein
may only be waived by the Agent with the consent of the Unanimous Lenders, in
whole or in part, with or without terms or conditions, in respect of all or any
portion of the Advances, without affecting the right of the Lenders to assert
terms and conditions in whole or in part in respect of any other Advance. 

SECTION 9 

  COVENANTS

9.1    Affirmative Covenants.

While any amount owing under this Agreement or any of the other
Documents remains unpaid, or the Agent or the Lenders have any obligations under
this Agreement or any of the other Documents, each of the Obligors covenants,
for itself as applicable, with the Agent and each Lender as follows: 

	 	(a) 	
      Corporate Existence. It shall do or cause
      to be done all things necessary to keep in full force and effect its
      existence and all rights, trade-marks, licenses and qualifications
      required for it to carry on its businesses and own, lease or
  operate its properties in each jurisdiction in
which it carries on business or owns, leases or operates property or assets from
time to time unless failure does not have a Material Adverse Effect. 

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	 	(b) 	
      Insurance. It shall maintain insurance on
      its properties and assets and for the operation of its businesses in such
      amounts and against such risks as would be customarily obtained and
      maintained by a prudent owner of similar properties and assets operating a
      similar business, including appropriate liability insurance, business
      interruption insurance and third party liability insurance. It shall
      provide copies of those policies to the Agent which policies shall be
      satisfactory to the Agent. Each insurance policy shall include an
      endorsement whereby the insurers agree to give the Agent on behalf of the
      Lenders not less than 30 days notice of the cancellation of the policy of
      insurance and permit the Agent on behalf of the Lenders to cure any
      default which may exist under the policy. It shall name the Agent, as loss
      payee or additional insured as its interest may appear in all of its
      policies of insurance or otherwise assure the Agent of the availability of
      continuing coverage in a manner satisfactory to the Agent and all real
      property policies shall contain such standard mortgage clauses as the
      Agent shall require for the Lenders' protection. In addition, it shall
      notify the Agent forthwith on the happening of any loss or damage in
      excess of US$150,000 and shall furnish at its expense all necessary proofs
      and do all necessary acts to enable it or the Agent, as applicable subject
      to Section 5.2(d) hereof, to obtain payment of the insurance monies and
      apply the same in accordance with Section 5.2(d) hereof.

	 	 	 
	 	(c) 	
      Compliance with Laws, etc. It shall comply
      with all Applicable Laws and all Government Approvals required in respect
      of its businesses, properties, the Collateral, or any activities or
      operations carried out thereon including health, safety and employment
      standards, labour codes and Environmental Laws unless such non-compliance
      does not have a Material Adverse Effect. If required by the Agent, it
      shall deliver to the Agent evidence satisfactory to the Agent concerning
      such applicable compliance with all Applicable Laws and Government
      Approvals.

	 	 	 
	 	(d) 	
      Government Approvals. It shall obtain (to
      the extent not in existence on the date of this Agreement) and maintain,
      by the observance and performance of all obligations thereunder and
      conditions thereof, all Government Approvals required for it to carry on
      its businesses unless such failure does not have a Material Adverse
      Effect.

	 	 	 
	 	(e) 	
      Conduct of Business. It shall: (i) conduct
      its business and the operation of its property in a proper and efficient
      manner and keep proper books of account and records with respect to the
      operation of its business and the operation of its property; (ii)
      diligently maintain, repair, use and operate its property and premises in
      a proper and efficient manner; (iii) maintain its physical assets in good
      condition so that each asset may be used at all times for the purpose for
      which it was intended; and (iv) perform all of its material obligations
      under the terms of each mortgage, indenture, security agreement and other
      debt instrument by which it is bound.

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	 	(f) 	
      Collection of Account Receivables. It shall
      collect, handle, administer and otherwise deal with its Accounts
      Receivable and other Collateral, as applicable, in accordance with, and
      shall otherwise comply with, the following provisions (and for greater
      certainty acknowledges and agrees to the rights and remedies of the Agent
      set forth therein):

	 	 	 	 
	 		(i) 	
      Upon the occurrence of an Event of Default that is
      continuing and whether or not the Agent has exercised any or all of its
      rights under other provisions of this Agreement, (A) in the event the
      Agent requests the Obligors to do so, all instruments and chattel paper at
      any time constituting part of the Accounts Receivables or any other
      Collateral (including any post-dated cheques) shall, upon receipt by any
      Obligor, be immediately endorsed to and deposited with the Agent; and (B)
      but provided the Agent shall have exercised its rights under any blocked
      account agreement contemplated by Section 7.2, the Obligors shall instruct
      all customers and account debtors to remit all payments in respect of
      Accounts Receivables or any other Collateral to a lockbox or lockboxes
      under the sole custody and control of the Agent, as applicable, and which
      are maintained at post office(s) specified by the Agent from time to
      time.

	 	 	 	 
	 		(ii) 	
      Upon the occurrence of an Event of Default that is
      continuing and whether or not the Agent has exercised any or all of its
      rights under other provisions of this Agreement, and without prejudice to
      any other right or remedy available to the Agent at law or in equity, the
      Agent or its designee may notify the Obligors' customers and account
      debtors at any time that Accounts Receivable or any other Collateral have
      been assigned to the Agent or of the Agent's security interest and Lien
      therein, and either in its own name, or the applicable Obligors' name, or
      both, demand, collect (including, without limitation, through a blocked
      account analogous to that described in Section 9.1(f)(i)(B) above),
      receive, receipt for, sue for, compound and give acquittance for any or
      all amounts due or to become due on Accounts Receivable or any other
      Collateral, and in the Agent's discretion file any claim or take any other
      action or proceeding which the Agent may deem necessary or appropriate to
      protect or realize upon the security interest and Lien of the Agent in the
      Accounts Receivable or any other Collateral. Each Obligor hereby
      irrevocably constitutes and appoints the Agent (and all Persons designated
      by Agent) as such Obligor's true and lawful attorney for the purposes
      provided in this Section.

	 	 	 	 

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	 		(iii) 	
      Any proceeds of Accounts Receivables or other Collateral
      transmitted to or otherwise received by the Agent pursuant to any of the
      foregoing provisions hereof may be handled and administered by the Agent
      in and through one or more remittance accounts at the Agent (such
      remittance accounts to constitute special restricted accounts for purposes
      of and subject to the provisions of Section 7.2 of this Agreement). The
      Agent shall apply proceeds of Accounts Receivables and other
    Collateral received by it from any source to the
payment of the Obligations (whether or not then due and payable), such
applications to be made in accordance with this Agreement. Except for purposes
of computing interest on the Obligations in accordance with this Agreement, the
Agent need not apply or give credit for any item included in proceeds of
Accounts Receivables or other Collateral until the Agent has received final
payment therefor, acceptable to the Agent as such. However, if the Agent does
give credit for any item prior to receiving final payment therefor and the Agent
fails to receive such final payment or an item is charged back to the Agent for
any reason, the Agent may at its election in either instance charge the amount
of such item back against the remittance account or any depository account of
the Borrower or any other Obligor maintained with the Agent, together with
interest thereon at the rate applicable under this Agreement to Advances in the
currency of the amount involved. Concurrently with each transmission of any
proceeds of Accounts Receivables or other Collateral to the aforesaid remittance
account, the Borrowers shall furnish the Agent with a report in such form as the
Agent shall require, identifying the particular Accounts Receivable or other
Collateral from which the same arises or relates. Each Obligor hereby
indemnifies the Indemnified Persons from and against all liabilities, damages,
losses, actions, claims, judgments, costs, expenses, charges and legal fees (on
a solicitor-client basis) suffered or incurred by any or all of them because of
the maintenance of the foregoing arrangements, save and except if caused by the
gross negligence or wilful misconduct of an Indemnified Person. The Indemnified
Persons shall have no liability or responsibility for accepting any cheque,
draft or other order for payment of money bearing the legend “payment in full”
or words of similar import or any other restrictive legend or endorsement
whatsoever or be responsible for determining the correctness of any remittance.
The foregoing indemnity shall survive payment of the Obligations and termination
of this Agreement. 

	 	 	
       
	 	(g) 	
      Inventory. It shall maintain, keep,
      preserve, use, consume, sell or otherwise deal with Inventory in
      accordance with, and shall otherwise comply with, the following provisions
      (and for greater certainty acknowledges and agrees to the rights and
      remedies of the Agent set forth therein):

	 	 	 	 
	 		(i) 	
      Each Obligor shall at its own cost and expense maintain,
      keep and preserve its Inventory in good and merchantable
  condition.

	 	 	 	 
	 		(ii) 	
      The Obligors may, until otherwise notified by the Agent,
      use, consume and sell the Inventory in the ordinary course of business,
      but a sale in the ordinary course of business shall not under any
      circumstance include any transfer or sale in satisfaction, partial or
      complete, of a debt owing by an Obligor.

	 	 	 	 
	 		(iii) 	
      Subject to Section 5.2(a), the Obligors may, until
      otherwise notified by the Agent, sell obsolete, worn out or unusable
      Equipment.

- 97 -

	 	(iv) 	
      As of the time any Inventory becomes subject to the
      security interest and Lien provided pursuant to the Security and at all
      times thereafter, the Obligors shall be deemed to have warranted as to any
      and all of such Inventory that all warranties of the Obligors set forth in
      this Agreement are true and correct with respect to such Inventory; that
      all of such Inventory is located at a location set forth pursuant to
      Section 9.1(r) hereof; and that, in the case of applicable Inventory, such
      Inventory is new and unused and in good and merchantable condition. The
      Obligors warrant and agree that no Inventory is or will be consigned to
      any other Person without the Agent's prior written consent.

	 	 	 
	 	(v) 	
      If any of the Inventory is at any time evidenced by a
      document of title, such document shall be promptly delivered by the
      Borrowers to the Agent except to the extent the Agent, on behalf of the
      Lenders, specifically requests the Borrowers not to do so with respect to
      any such document.

	 	(h) 	
      Payment. It shall duly and punctually pay
      or cause to be paid all sums of money due and payable by it under this
      Agreement and the other Documents on the dates, at the places and in the
      currency and the manner set forth herein and therein.

	 	 	 
	 	(i) 	
      Litigation. It shall (i) promptly give
      notice to the Agent of any litigation, suit, action, proceeding or
      dispute, threatened or commenced it, whether before or by any court,
      governmental department, commission, board, bureau, agency or
      instrumentality, domestic or foreign, or before any arbitrator of any kind
      which either individually or in the aggregate exceed $150,000 in claims,
      or which otherwise, if adversely determined, could reasonably be expected
      to have a Material Adverse Effect on it or the other Obligors, (ii) advise
      the Agent of the extent to which any adverse determination is covered by
      insurance, (iii) provide all reasonable information requested by the Agent
      concerning the status of any litigation, proceeding or dispute, and (iv)
      use reasonable efforts to bring about a reasonable, favourable and speedy
      resolution or disposition of the litigation, proceeding or
  dispute.

	 	 	 
	 	(j) 	
      Pay Claims and Taxes. It shall promptly pay
      and discharge, when due, all Taxes charged to or payable by it and all
      obligations which may result in Liens (other than Permitted Liens) on its
      properties or assets unless the relevant Tax or obligation is being
      actively and diligently contested in good faith by appropriate proceedings
      and is adequately reserved against in accordance with GAAP. It shall
      notify the Agent of each contest promptly upon forming the intention to
      contest the relevant payment, Tax or obligation.

	 	 	 
	 	(k) 	
      Notice of Default or Material Adverse Change.
      It shall, upon obtaining knowledge thereof, provide to the Agent
      as soon as practicable, and in any event within one Business Day after
      obtaining that knowledge, notice of any Material Adverse Change, Default
      or Event of Default, together with an
officer's Certificate setting forth the details
of any such Material Adverse Change, Default or Event of Default and the action
taken or to be taken to remedy it. 

- 98 -

	 	(l) 	
      Other Reports and Filings. Promptly upon
      transmission thereof it shall deliver to the Agent copies of all financial
      information, statutory audits, proxy materials and other information and
      reports, if any, which it (i) has filed with the Securities and Exchange
      Commission or any governmental agencies substituted therefor or with the
      Ontario Securities Commission or any securities regulatory authority or
      any other equivalent governmental agencies in any state, province or
      territory of Canada or the United States of America, (ii) has delivered to
      holders of, or any agent or trustee with respect to, its Debt in their
      capacity as such a holder, agent or trustee, or (iii) has delivered to any
      shareholder in its capacity as a shareholder.

	 	 	 
	 	(m) 	
      Other Information. From time to time, it
      shall deliver to the Agent such other information or documents (financial
      or otherwise) as the Agent may reasonably request.

	 	 	 
	 	(n) 	
      Books and Records. It will keep proper
      books of record and account in which full, true and correct entries in
      conformity with GAAP and all requirements of law shall be made of all
      dealings and transactions in relation to its business and
    activities.

	 	 	 
	 	(o) 	
      Inspections and Appraisals. It shall permit
      (and arrange for all access required to permit) the Agent and its duly
      authorized representatives and agents to visit and inspect any of the
      properties, corporate books and financial records of the Obligors, to
      examine and make copies of the books of accounts and other financial
      records of the Obligors, and to discuss the affairs, finances and accounts
      of the Obligors with, and to be advised as to the same by, their officers,
      employees and independent chartered accountants (and by this provision the
      Obligors authorize such accountants to discuss with the Agent the finances
      and affairs of each Obligor) at all reasonable times and reasonable
      intervals as the Agent may designate in the absence of any Default or
      Event of Default, and otherwise, at all times and intervals as the Agent
      may designate. The Obligors shall permit (and arrange for all access
      required to permit) the Agent and its duly authorized representatives and
      agents to conduct a field examination of the Obligors' properties three
      times per Fiscal Year in the absence of any Default or Event of Default
      or, at such other times as is designated by the Agent if a Default or
      Event of Default has occurred and is occurring, provided however
      that, in the absence of any Default or Event of Default, if the
      average Excess Availability in respect of Facility A and Facility B
      exceeds, and has exceeded at all times during the applicable Fiscal Year,
      US$15,000,000, the Obligors shall be required to permit (and arrange for
      all access required to permit) the Agent and its duly authorized
      representatives and agents to conduct no more than one field examination
      of the Obligor's properties in such Fiscal Year. The Agent may obtain (or
      direct the Borrowers to obtain and provide to the Agent and the Lenders)
      updated appraisals of the Obligors' Inventory, or any portion thereof, two
      times per Fiscal Year as the Agent may designate in the absence of a
      Default or an Event of Default, or at such other times designated
      by the Agent if a Default or an Event of Default has occurred and is
      continuing, provided however that, in the absence of any Default or
      Event of Default, if the average Excess Availability in respect of
      Facility A and Facility B exceeds, and has exceeded at all times during
      the applicable Fiscal Year, US$15,000,000, the Agent may obtain (or direct
      the Borrower to obtain and provide to the Agent and the Lenders) no more
      than one updated appraisals of the Obligors' Inventory in such Fiscal
      Year. Each such appraisal report shall be prepared by an appraiser
      acceptable to the Agent, and be in such format and contain such detail as
      the Agent may request. Subject to Sections 4.18 and 4.19, the costs and
      expenses incurred in conducting any such field examinations or in
      obtaining any such appraisal shall in each case be borne by the Borrowers
      (whether obtained by the Agent or by the Borrowers). The Borrower shall,
      at the Agent's request, provide, at the Borrower's expense, updated
      environmental questionnaires or checklists concerning activities and
      conditions affecting the real property owned, leased or operated by the
      Obligors and/or environmental reports prepared for the Borrower (and
      specifically authorizing the Agent and the Lenders to rely thereon) by an
      environmental consultant or an environmental engineering firm acceptable
      to the Lenders concerning any real property owned, leased or operated by
      the Obligors, but only if (i) the environmental questionnaires or
      checklists provided by the Borrower, or (ii) any notification or report
      from a Governmental Authority to an Obligor, or (iii) information
      otherwise becomes available to the Agent or the Lenders which, indicates
      that there is a material environmental problem with any such real property
      or any neighboring real property which could have an effect on such real
      property.

- 99 - 

	 	 	 
	 	(p) 	
      Verification. It shall from time to time to
      deliver to the Agent such evidence of the existence, identity and location
      of the Collateral and of its availability as Liens and collateral security
      pursuant hereto (including, without limitation, schedules describing all
      Accounts Receivables created or acquired by the Obligors, copies of
      customer invoices or the equivalent and original shipping or delivery
      receipts for all merchandise and other goods sold or leased or services
      rendered, together with the Obligors' warranty of the genuineness thereof,
      and reports stating the book value of Inventory by major category and
      location), in each case as the Agent may request on behalf of the Lenders.
      The Agent shall have the right to verify all or any part of the Collateral
      in any manner, and through any medium, which the Agent considers
      appropriate (including, without limitation, the verification of Collateral
      through an agent of the Agent), and the Obligors agree to furnish all
      assistance and information, and perform any acts, which the Agent, on
      behalf of the Lenders, may require in connection therewith. The Borrowers
      shall promptly notify the Agent of any Collateral which the Obligors have
      determined to have been rendered obsolete, stating the prior book value of
      such Collateral, its type and location. Notwithstanding the foregoing, if
      a Default or an Event of Default has occurred and is continuing, the Agent
      may act in its sole discretion.

- 100 -

	 	(q) 	
      First Priority. It will take all actions,
      sign all documents, effect all registrations and otherwise act so as to
      carry out the intent of this Agreement which is that the Liens created by
      the Security Documents are to rank first against all of its undertaking,
      property and assets subject only to Permitted Liens.

	 	 	 
	 	(r) 	
      Location of Collateral and Offices. Without
      limiting Section 9.1(q) above, it shall cause the Collateral (except
      Inventory in transit) to remain in the possession or control of the
      applicable Obligor at the locations listed on Schedule I attached hereto,
      which Schedule may be updated from time to time upon prior notice by the
      Borrowers to the Agent and prior written approval of the Agent
      (collectively, the “Permitted Collateral Locations”). If for any
      reason any Collateral (except Inventory in transit) is at any time kept or
      located at a location other than a Permitted Collateral Location, the
      Agent shall nevertheless have and retain a Lien on and security interest
      therein. The applicable Obligor owns and shall at all times own all
      Permitted Collateral Locations, except to the extent otherwise disclosed
      on Schedule I.

	 	 	 
	 	(s) 	
      Environmental Compliance. It will carry on
      all activities in material compliance with all Environmental Laws. It will
      not cause or permit the Release or storage of a Hazardous Substance in or
      under its properties except in compliance with all Environmental Laws. If
      it comes to its attention that it is not in material compliance with all
      applicable Environmental Laws, it will remedy that non- compliance
      promptly. If prompt remedy is not possible, it will notify the Agent
      immediately of the problem and describe in detail the action it intends to
      take to return to compliance with this Section 9.1(s).

	 	 	 
	 	(t) 	
      Annual Meetings with Lenders. On or before
      April 30th in each Fiscal Year, it shall hold a meeting with the Lenders
      upon the request of the Agent at which meeting shall be reviewed the
      financial results of the previous fiscal year and the financial condition
      of the Obligors and the Business Plan.

	 	 	 
	 	(u) 	
      Auditors. It shall promptly give notice to
      the Agent of a change in its Auditors and the reasons for the
    change.

	 	 	 
	 	(v) 	
      ERISA Matters. It will maintain each ERISA
      Plan in compliance in all material respects with all requirements of
      Applicable Law. It will promptly notify the Agent on becoming aware of (a)
      the institution of any steps by any Person to terminate any US Pension
      Plan, (b) the failure of any Obligor to make a required contribution to
      any US Pension Plan if such failure is sufficient to give rise to an
      Encumbrance under Section 302(f) of ERISA, (c) the taking of any action
      with respect to a US Pension Plan which is reasonably likely to result in
      the requirement that any Obligor furnish a bond or other security to the
      US Pension Benefit Guaranty Corporation under ERISA or such US Pension
      Plan, or (d) the occurrence of any event with respect to any ERISA Plan
      which is reasonably likely to result in any Obligor incurring any material
      liability, fine or penalty, and in the notice to the Agent thereof,
      provide copies of all documentation relating
thereto.

- 101 -

9.2    Negative Covenants.

While any amount owing under this Agreement or any of the other
Documents remains unpaid, or the Agent or the Lenders have any obligations under
this Agreement or any of the other Documents, each Obligor covenants, for itself
as applicable, with the Agent and each Lender that, without the consent of the
Majority Lenders: 

	 	(a) 	
      Limitation on Liens. It shall not directly
      or indirectly, make, create, incur, assume or suffer to exist any Lien
      upon or with respect to any material part of its property or assets,
      whether now owned or hereafter acquired, other than Permitted Liens. The
      ability of the Obligors to incur or suffer to exist Permitted Liens is not
      to be construed as a subordination, constructive or otherwise, of the
      Liens granted to the Agent on behalf of the Lenders to such Permitted
      Liens.

	 	 	 
	 	(b) 	
      Disposition of Assets. It shall not sell,
      lease, transfer, assign, convey or otherwise dispose of any of its
      properties or assets except in the ordinary course of business and in
      accordance with the terms of provision hereof (including Sections 5.2,
      9.1(f) and 9.1(g)). Notwithstanding the foregoing and for greater
      certainty, each applicable Obligor may, without the consent of any
      Lenders, sell, transfer, assign, convey or otherwise dispose of shares or
      equity interests that it owns in the capital of (i) any Excluded
      Subsidiary (other than Opta Minerals Inc.), and (ii) Opta Minerals Inc.
      provided that any such sale, transfer, assignment, conveyance or other
      disposition of the shares of Opta Minerals Inc. shall, at the time of the
      closing and consummation of any such transaction or transactions, be for
      consideration, on a price per share basis, which is at least equal to the
      greater of (A) the then current share price for shares of Opta Minerals
      Inc. listed on the Toronto Stock Exchange, and (B) two Dollars (Cdn$2.00)
      per share. Each Obligor acknowledges and agrees that all proceeds received
      by an Obligor in respect of the sale, transfer, assignment, conveyance or
      disposition of the shares of or the equity interests in an Excluded
      Subsidiary shall be remitted forthwith to the Agent and shall be applied
      (unless otherwise agreed by the Majority Lenders in their sole discretion)
      to repay the then outstanding principal amounts of Advances under Facility
      A and Facility B and, for greater certainty, such amounts may be
      reborrowed subject to the Advance provisions of this Agreement. Nothing in
      this Agreement or any other Document shall restrict or prohibit any
      Excluded Subsidiary from selling any or all of its assets.

	 	 	 
	 	(c) 	
      Settlement on Receivables. Subject to the
      following, it shall not settle or adjust disputes and claims in respect of
      any Account Receivable, except that, unless and until an Event of Default
      occurs, any merchandise or other goods which are returned by a customer or
      account debtor or otherwise recovered may be resold by the Obligors in the
      ordinary course of its business as presently conducted; provided that,
      during the existence of any Event of Default, such merchandise and other
      goods shall be set aside at the request of the Agent and held by the
      Obligors as trustee for the Agent and shall remain part of the Collateral.
      Unless and until an Event of Default occurs, each of the Obligors may
      settle and adjust disputes and claims in respect of Accounts Receivable
      with its customers and account debtors, handle returns and recoveries
and grant discounts, credits and allowances in the ordinary course of its
business as presently conducted for amounts and on terms which it in good faith
considers advisable; and, during the existence of any Event of Default, unless
the Agent requests otherwise, the Borrower shall notify the Agent promptly of
all returns and recoveries of merchandise or other goods and, on the Agent's
request, deliver any such merchandise or other goods to the Agent. During the
existence of any Event of Default, unless the Agent requests otherwise, the
Borrowers shall also notify the Agent promptly of all disputes and claims
relating to merchandise and goods and settle or adjust them at no expense to the
Agent or the Lenders, but no discount, credit or allowance other than on normal
trade terms in the ordinary course of business as presently conducted shall be
granted to any customer or account debtor and no returns of merchandise or other
goods shall be accepted by the Obligors without the Agent's consent. The Agent
may, at all times during the existence of any Event of Default, settle or adjust
disputes and claims directly with customers or account debtors for amounts and
upon terms which the Agent considers advisable. 

- 102 -

	 	(d) 	
      Consolidations and Mergers. It shall not
      merge, consolidate, amalgamate with or into, or convey, transfer, lease or
      otherwise dispose of (whether in one transaction or in a series of
      transactions) all or substantially all of its assets (whether now owned or
      hereafter acquired) to or in favour of any Person, except that any Obligor
      may merge, amalgamate with, or dissolve or liquidate into, any other
      Obligor (so long as it remains an Obligor), provided that in any such
      transaction, other than an amalgamation, the Obligor shall be the
      continuing or surviving corporation.

	 	 	 
	 	(e) 	
      Limitation on Debt. It shall not create,
      incur, assume, suffer to exist, or otherwise become or remain directly or
      indirectly liable with respect to, any Debt (including Subordinated Debt)
      in excess of US$3,000,000 in the aggregate during the term of this
      Agreement, except: (i) Debt incurred pursuant to this Agreement; (ii) Debt
      consisting of Contingent Obligations described in clause (b) of the
      definition thereof and permitted pursuant to Section 9.2(h); (iii) Debt
      and Subordinated Debt existing on the date of the Closing Date as set
      forth in Schedule R and Schedule AA, respectively; (iv) Debt secured by or
      which could be secured by Permitted Liens; (v) Debt for amounts payable to
      suppliers, employees, Governmental Authorities and others in the ordinary
      course of business; (vi) unsecured Debt to an Obligor; and (vii) Banking
      Product Debt.

	 	 	 
	 	(f) 	
      Transactions with Affiliates or Associates.
      It shall not enter into any transactions with any Affiliate or
      Associate of it, except: (i) as expressly permitted by this Agreement or
      listed on Schedule S hereto; or (ii) in the ordinary course of business
      and pursuant to the reasonable requirements of its business; and, in the
      case of clause (ii), upon fair and reasonable terms no less favourable to
      it than would obtain in a comparable arm's-length transaction with a
      Person which is not its Affiliate or Associate; or (iii) with another
      Obligor or other Obligors.

- 103 -

	 	(g) 	
      Management Fees and Compensation. It shall
      not pay any management, consulting or similar fees to any Affiliate (other
      than an Obligor or Obligors) or to any officer, director or employee of it
      or any Affiliate except (i) payment of reasonable compensation and expense
      reimbursement to officers and employees for actual services rendered to,
      and expenses incurred for, it in the ordinary course of business, and (ii)
      payment of directors' fees and reimbursement of actual out- of-pocket
      expenses incurred in connection with attending board of director meetings
      not to exceed in the aggregate for the Obligors with respect to all such
      items US$500,000 in any Fiscal Year provided that no such payment shall be
      made if a Default or an Event of Default is outstanding or if the making
      of such payment will result in a Default or an Event of Default.

	 	 	 	 
	 	(h) 	
      Contingent Obligations. It shall not
      create, incur, assume or suffer to exist any Contingent Obligations, other
      than in respect of the Obligations except:

	 	 	 	 
	 		(i) 	
      endorsements for collection or deposit in the ordinary
      course of business;

	 	 	 	 
	 		(ii) 	
      Contingent Obligations incurred in the ordinary course of
      business with

	 	 	 	 
	 		
      respect to surety and appeal bonds, performance bonds and
      other similar obligations; (iii) Contingent Obligations arising with
      respect to customary indemnification obligations in favour of purchasers
      in connection with dispositions permitted under Section 9.2(b) or sale of
      Inventory in the ordinary course; and (iv) Contingent Obligations relating
      to letters of credit and letters of guarantee issued at the request of an
      Obligor up to the aggregate outstanding amount of US$2,000,000. The
      foregoing permission to incur Contingent Obligations is not consent for
      any Obligor to honour those Contingent Obligations if otherwise restricted
      or prohibited by this Agreement.

	 	 	 	 
	 	(i) 	
      Restricted Payments. It shall not (i)
      declare or make any payment or other distribution of assets, properties,
      cash, rights, obligations or securities on account of any of its capital
      stock, partnership interests, membership interests or other equity
      securities (except that any Obligor may declare and pay dividends or make
      any other distributions or payments to another Obligor (so long as it
      remains an Obligor)), or (ii) purchase, redeem or otherwise acquire for
      value any of its, or any of its Affiliates', shares of capital stock,
      partnership interests, membership interests or other equity securities or
      any warrants, rights or options to acquire such interests or securities
      now or hereafter outstanding.

	 	 	 	 
	 	(j) 	
      Change in Business. It shall not engage in
      any material line of business substantially different from those lines of
      business carried on by it on the date hereof and it shall not change (to a
      new location outside of Canada or the United States) the location from
      which such line of business is carried on by it or the location (to a new
      location outside of Canada or the Untied States) of its chief executive
      office, all as described in Schedule C.

	 	 	 	 
	 	(k) 	
      Change in Structure. It shall not make any
      changes in its equity capital structure (including a change in the terms
      of its outstanding equity securities), or amend its constating documents
      (including any shareholder agreement), except as necessary to effect
      transactions permitted under Section 9.2(d).

- 104 -

	 	(l) 	
      Accounting Changes. It shall not make any
      significant change in accounting treatment or reporting practices, except
      as required by GAAP, or change its Fiscal Year.

	 	 	 
	 	(m) 	
      Material Contracts. It shall not (i) cancel
      or terminate any Material Contract; (ii) waive any default or breach under
      any Material Contract; (iii) amend or otherwise modify any Material
      Contract; or (iv) take any other action in connection with any Material
      Contract, that would, in each case, have a Material Adverse
  Effect.

	 	 	 
	 	(n) 	
      Limitation on Sale and Leaseback Transactions.
      Unless in compliance with Section 5.2(c) hereof, it will not,
      directly or indirectly, enter into any sale and leaseback transaction with
      respect to any property or assets (whether now owned or hereafter
      acquired).

	 	 	 
	 	(o) 	
      Loans and Investments. It will not, without
      the prior written approval of the Agent and the Majority Lenders, (i)
      purchase or acquire, or make any commitment to purchase or acquire, any
      capital stock, equity interest, or any obligations or other securities of,
      or any interest in, any Person, including, without limitation, the
      establishment or creation of a Subsidiary, or (ii) make or commit to make
      any acquisition of all or substantially all of the assets of another
      Person, or of any business or division of any Person, including without
      limitation, by way of merger, consolidation, amalgamation or other
      combination or (iii) make or commit to make any advance, loan, extension
      of credit or capital contribution to or any other investment in, any
      Person including any Affiliate or make any payments in respect thereof
      (the items described in clauses (i), (ii), and (iii) are referred to as
      “Investments”), except for: (A) Investments in cash and Cash
      Equivalents; (B) extensions of credit by one Obligor to another Obligor
      (so long as it remains an Obligor), as the case may be and interest and
      other payments made in connection with such extensions of credit; (C)
      extensions of credit which constitute trade receivables in the ordinary
      course of business; and (D) Permitted Investments. Notwithstanding the
      foregoing and for greater certainty, if an Obligor seeks the prior written
      approval of the Agent and the Majority Lenders in order to make an
      Investment which is not otherwise permitted hereunder, the relevant
      Obligor shall provide the Agent and the Lenders with the following: (1) a
      copy of the signed letter of intent, if any, in respect of the proposed
      Investment, (2) a copy of the Obligor’s business case for making such
      Investment, (3) a copy of the three previous years financial information
      in respect of the Person to be acquired by the Obligor, if a Person is to
      be acquired, (4) a one year forecast, by month, of the financial
      statements of the Person to be acquired by the Obligors, if a Person is to
      be acquired, and (5) a three year forecast in respect of SunOpta on a
      consolidated basis which shall incorporate within such forecast the Person
      or the assets to be acquired in the circumstances.

	 	 	 
	 	(p) 	
      Use of Cash. Use any cash on deposit with
      BMO or the Agent which is subject to an offset agreement in breach of any
      term or covenant contained in this Agreement or any other
  Document.

- 105 -

	 	(q) 	
      Location of Assets in Other Jurisdictions.
      It will not, except for any property being delivered to a customer
      in the ordinary course of business of such Obligor as part of the
      performance of its obligations, or the provision of its services, to such
      customer under a contract or arrangement entered into with such customer
      in the ordinary course of business of such Obligor, acquire any property
      outside of the jurisdictions identified in Schedule I, move its chief
      executive office from the jurisdiction identified in Schedule I or move
      any property from one jurisdiction to another jurisdiction where the
      movement of such property or office would cause the Security over such
      property to cease to be perfected under Applicable Law, or knowingly
      suffer or permit in any other manner any of its property to not be subject
      to the Security or to be or become located in a jurisdiction as a result
      of which the Security over such property is not perfected, unless (x) the
      Obligor has first given 30 days prior written notice thereof to the Agent
      and (y) the applicable Obligor has first executed and delivered to the
      Agent all Security Documents and all financing or registration statements
      in form and substance satisfactory to the Agent which the Agent or its
      counsel, acting reasonably, from time to time deem necessary or advisable
      to ensure that the Security Documents at all times constitute a perfected
      first priority Lien (subject only to Permitted Liens) over such property
      notwithstanding the movement or location of such property as aforesaid
      together with such supporting certificates, resolutions, opinions and
      other documents as the Agent may deem necessary or desirable in connection
      with such security and registrations.

	 	 	 	 
	 	(r) 	
      Loans to Excluded Subsidiaries. It will not
      make loans or advance funds or make or increase, as the case may be, any
      equity investment in any Excluded Subsidiary including without limitation
      in any of Opta Minerals Inc., Bio Process, Temisca Inc., Opta Minerals
      (USA) Inc., Virginia Materials Inc., International Materials and Supplies
      Inc. MTI01-2006 Inc, Magnesium Technologies Corporation, OPM01-2006 Inc.,
      BIMAC Inc. and The Organic Corporation B.V.

	 	 	 	 
	 	(s) 	
      Capital Expenditures. It will not incur
      Capital Expenditures in excess of, in the aggregate:

	 	 	 	 
	 		(i) 	
      during the Fiscal Year ending December 31, 2010, the sum
      of US$20,000,000; and

	 	 	 	 
	 		(ii) 	
      during each subsequent Fiscal Year, the sum of
      US$20,000,000 or such greater amount as may be approved by the Lenders in
      writing in their sole discretion in respect of such Fiscal Year.

	 	 	 	 
	 		
      For greater certainty, proceeds of insurance received by
      the Obligors and subsequently used to replace or repair Capital Assets
      that have been damaged or destroyed will not be included in the
      calculation of the Capital Expenditures limit for any fiscal
  year.

- 106 -

9.3    Financial Covenants.

While any amount owing under this Agreement or any of the other
Documents remains unpaid, or the Agent or the Lenders have any obligations under
this Agreement or any of the other Documents, the Borrowers covenant with the
Agent and each Lender as follows: 

	 	(a) 	
      Fixed Charge Coverage Ratio. The Fixed
      Charge Coverage Ratio of the Consolidated Borrower shall at all times be
      equivalent to or greater than 1.00:1.00.

	 	 	 
	 	(b) 	
      Total Liabilities to Tangible Net Worth.
      The Consolidated Borrower shall at all times maintain a ratio of
      Total Liabilities at such time to Tangible Net Worth of not greater than
      2.00:1.00.

	 	 	 
	 	(c) 	
      Calculation of Ratios, etc. The Fixed
      Charge Coverage Ratio and the ratio of Total Liabilities to Tangible Net
      Worth shall each be calculated monthly as of the last day of each month
      based on the then most recent period of twelve fiscal months completed and
      ending on or immediately prior to such day.

9.4    Reporting Requirements.

While any amount owing under this Agreement or any of the other
Documents remains unpaid, or the Agent or the Lenders have any obligations under
this Agreement or any of the other Documents, each Obligor shall maintain a
standard system of accounting in accordance with GAAP and shall promptly furnish
to the Agent and its duly authorized representatives such information respecting
the business and financial condition of the Obligors as the Agent may request;
and without any request, the Borrowers shall furnish to the Agent, in electronic
format whenever and wherever possible: 

	 	(a) 	
      Monthly Borrowing Base Certificates. As
      soon as available, and in any event no later than five Business Days after
      the last Business Day of each calendar month, a Borrowing Base Certificate
      showing the computation of each of the Facility A Borrowing Base and the
      Facility B Borrowing Base in reasonable detail as of the close of business
      on the last day of the immediately preceding calendar month, together with
      such other information as is therein required, prepared by SunOpta in
      respect of the Facility A Borrowing Base and by SunOpta Food Group in
      respect of the Facility B Borrowing Base and certified to, without
      personal liability, by the Chief Financial Officer (or an acceptable
      designate) of each of the Borrowers and, despite any other provision
      hereof, the Borrower may, at its option, provide such Borrowing Base
      Certificate more frequently than monthly for purposes of adjusting its
      Facility A Borrowing Base or its Facility B Borrowing Base;

	 	 	 
	 	(b) 	
      Monthly Financial Statements and Compliance
      Certificates. As soon as available, and in any event within 30
      Business Days after the end of each month (subject to what is stated below
      regarding the months of March, June, September and December each year), a
      copy of the unaudited consolidated balance sheet of the Consolidated
      Borrower as of the last day of such month and the
  consolidated statements of income, retained
earnings and cash flows of the Consolidated Borrower for such month and for the
fiscal year-to-date period then ended, together with schedules presenting the
consolidated financial statements of the Borrowers as at the end of such month
(including balance sheets and income statements) in respect of each Obligor's
income and cash flows (and showing all adjustments made to prepare such balance
sheets and statements), each in reasonable detail showing in comparative form
the figures for the corresponding date and period in the previous fiscal year as
well as showing in comparative form the year-to-date comparisons to the current
Business Plan, together with the calculations of the relevant financial
covenants referred to in Sections 9.3(a) and 9.3(b) for such period, prepared by
the Borrowers in accordance with GAAP and certified to, without personal
liability, by the Chief Financial Officer (or an acceptable designate) of each
of the Borrowers, accompanied by a duly completed Compliance Certificate as of
the last day of such month. For the months of March, June, September and
December of each year, the financial information referred to above shall be
provided in draft form within 30 Business Days after the end of each relevant
month with the final financial information referred to above for such months to
be provided within 45 Business Days after the end of each relevant month; 

- 107 -

	 	(c) 	
      Monthly Reports of Accounts Receivable/Payable and
      Inventory. As soon as available, and in any event within 30
      Business Days after the end of each month (or more frequently if requested
      by the Agent), (i) an accounts receivable aging report prepared on an
      invoice date basis (including reconciliation of cash and accounts
      receivable), an accounts payable aging report and an inventory report,
      each in such format and detail as is required by the Agent, prepared by
      the Borrowers and certified to, without personal liability, by the Chief
      Financial Officer (or an acceptable designate) of each of the
      Borrowers;

	 	 	 
	 	(d) 	
      Monthly Reconciliations of Accounts
      Receivable/Payable and Inventory.

	 	 	 
	 		
      Within 30 Business Days after the end of each month,
      monthly reconciliations of accounts receivable, inventory and accounts
      payable sub-ledgers to financial statements, prepared by the Borrowers and
      certified to, without personal liability, by the Chief Financial Officer
      (or an acceptable designate) of each of the Borrowers;

	 	 	 
	 	(e) 	
      Monthly Priority Claims Reports. Within 30
      Business Days after the end of each month, a prior claims and statutory
      deductions report in such format and detail as is required by the Agent,
      prepared by the Borrowers and certified to, without personal liability, by
      the Chief Financial Officer (or an acceptable designate) of each of the
      Borrowers;

	 	 	 
	 	(f) 	
      Monthly Aggregate Net Hedging Position Reports.
      As soon as available, and in any event within 30 Business Days
      after the end of each month, a report of the aggregate net hedging
      position of the Borrowers with respect to their foreign exchange and
      commodity contracts in such format and detail as is required by
  the Agent, prepared by the Borrowers and
certified to, without personal liability, by the Chief Financial Officer (or an
acceptable designate) of each of the Borrowers; 

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	 	(g) 	
      Annual Audited Financial Statements. As
      soon as available, and in any event within 120 days after the last day of
      each Fiscal Year, a copy of (i) the audited consolidated balance sheet of
      SunOpta for such Fiscal Year and the consolidated and consolidating
      statements of income, retained earnings and cash flows of SunOpta for such
      Fiscal Year, and accompanying notes thereto, (ii) the audited
      unconsolidated balance of each Excluded Subsidiary for such Fiscal Year
      and the unconsolidated statements of income, retained earnings and cash
      flows of each such Excluded Subsidiary for such Fiscal Year, and
      accompanying notes thereto, and (iii) the compilation consolidated balance
      sheet of the Borrowers for such Fiscal Year and related statements of
      income, retained earnings and cash flows for such Fiscal Year, and
      accompanying notes thereto, in each case in reasonable detail showing in
      comparative form the figures for the previous Fiscal Year, and
      accompanied, in the case of the audited financial statements referred to
      above, by an unqualified opinion thereon of the Auditor to the effect that
      the financial statements have been prepared in accordance with GAAP and
      present fairly in accordance with GAAP the financial condition of SunOpta
      and the Excluded Subsidiaries, as applicable, as of the close of such
      Fiscal Year and the results of their operations and cash flows for the
      Fiscal Year then ended and that an examination of such accounts in
      connection with such financial statements has been made in accordance with
      generally accepted auditing standards and, accordingly, such examination
      included such tests of the accounting records and such other auditing
      procedures as were considered necessary in the circumstances;

	 	 	 
	 	(h) 	
      Annual Business Plan. Within 30 days after
      the end of each Fiscal Year, it will deliver to the Agent a Business Plan
      in form satisfactory to the Majority Lenders and consistent with past
      practice (including financial projections, Capital Expenditure budgets,
      budgeted statements of income and sources and uses of cash and balance
      sheets) prepared for (i) each calendar month of the then current Fiscal
      Year, and (ii) the then current Fiscal Year, in each case, prepared in
      reasonable detail with appropriate presentation and discussion of the
      principal assumptions upon which such projections and budgets are based,
      accompanied by the statement of the chief financial officer of each
      Obligor and Subsidiary to the effect that, to the best of his or her
      knowledge, the projections and budget are a reasonable estimate for the
      period covered thereby.

	 	 	 
	 	(i) 	
      Management Letters. Promptly after the
      receipt thereof by any Obligor, it will deliver to the Agent, a copy of
      any “management letter” received by any Obligor from the
  Auditors.

	 	 	 
	 	(j) 	
      Other Information. Such other information
      as the Agent or the Majority Lenders may reasonably request, including,
      without limitation, providing prompt written notice to the Agent of the
      aggregate negative net hedging position of the Obligors if the outstanding
      hedge contracts (including commodity contracts), on an aggregate basis,
      entered into by the Obligors (or any one or more of them)
  have an aggregate negative net hedging
position which is greater than US$1,000,000 “out of the money” at any time. 

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SECTION 10 

  DEFAULT AND ENFORCEMENT

10.1   Events of Default.

Upon the occurrence of an event described in Section 10.1(i) or
10.1(j), an Event of Default under the Credit Facility shall have occurred, and
upon the occurrence of any one or more of the following events, other than an
event described in Section 10.1(i) or 10.1(j), Agent may, or, if required by the
Majority Lenders, the Agent shall, by written notice to the Borrowers, declare
that an Event of Default has occurred and, upon delivery of such written notice
to the Borrowers, an Event of Default shall occur: 

	 	(a) 	
      Non-payment of Principal. Any Borrower
      fails to make when due, whether by acceleration or otherwise, any
      scheduled payment of principal required to be made under this Agreement or
      any other Document, or any Borrower fails to make when due any other
      non-scheduled payment or mandatory prepayment of principal and that
      failure to make when due any other non-scheduled payment or mandatory
      prepayment of principal continues for two Business Days after either the
      Borrower has become aware of such failure or the Agent has notified the
      Borrower of such failure.

	 	 	 	 
	 	(b) 	
      Non-payment of Interest, Fees or Other Amounts.
      Any Obligor fails to make when due, whether by acceleration or
      otherwise, any payment of interest, fees, costs or any other payment under
      this Agreement or any other Document and that failure continues for three
      Business Days after either the Borrower has become aware of such failure
      or the Agent has notified the Borrower of such failure.

	 	 	 	 
	 	(c) 	
      Breach of Covenants, etc. Any
    Obligor:

	 	 	 	 
	 		(i) 	
      fails to perform or observe any term, condition, covenant
      or undertaking contained in Sections 7.2, 9.1, 9.2 or 9.4 and that
      failure, if capable of being remedied, is not remedied within 20 days
      after either the Borrower has become aware of its occurrence or the Agent
      has notified the Borrower of its occurrence;

	 	 	 	 
	 		(ii) 	
      fails to maintain any financial ratio set forth in
      Section 9.3(a) and (b);

	 	 	 	 
	 		(iii) 	
      fails to bring any of its non-compliant real property
      into material compliance with applicable Environmental Laws as
      contemplated by Section 9.1(s) within a reasonable period which, in no
      event, shall exceed six months from the date of receipt by the Obligor of
      written notice from applicable Governmental Authorities or the Agent to do
      so;

	 	 	 	 
	 		(iv) 	
      fails to observe or perform any other term, condition,
      covenant or undertaking contained in any Document which is not
      otherwise specifically addressed in this Section
10.1(c) and which failure cannot be remedied; or 

- 110 - 

	 	(v) 	
      fails to observe or perform any other term, condition,
      covenant or undertaking contained in any Document which is not otherwise
      specifically addressed in this Section 10.1(c) and that failure, if
      capable of being remedied, is not remedied within 20 days after either the
      Borrower becoming aware of its occurrence or the Agent notifying the
      Borrower of its occurrence.

	 	(d) 	
      Cross-Default. With respect to any other
      Debt of any Obligor or Subsidiary:

	 	 	 	 
	 		(i) 	
      demand is made of Debt in excess of US$1,000,000 (or the
      equivalent amount in any other currency) payable on demand, or default
      occurs in the payment thereof when due, whether by virtue acceleration or
      otherwise;

	 	 	 	 
	 		(ii) 	
      default occurs in the performance or observance of any
      obligation or condition with respect thereto and that default remains
      unremedied after any remedial period with respect thereto; or

	 	 	 	 
	 		(iii) 	
      any other event occurs with respect thereto;

	 	 	 	 
	 			
      and the effect of that default or other event is to
      accelerate the maturity of that Debt in excess of US$1,000,000 (or the
      equivalent amount in any other currency) or to permit the holder or
      holders thereof, or any trustee or agent for the holder or holders, to
      cause the Debt in excess of US$1,000,000 (or the equivalent amount in any
      other currency) to become due and payable prior to its expressed maturity
      and/or to realize on any security that may be held for such Debt in excess
      of US$1,000,000 (or the equivalent amount in any other
currency).

	 	 	 	 
	 	(e) 	
      Representations and Warranties. Any
      representation, warranty or statement which is made by any Obligor in any
      Document or which is contained in any certificate, written statement or
      written notice provided under or in connection with any Document or which
      is deemed to have been made is untrue or incorrect when made in any
      material respect, and that representation, warranty or statement, if
      capable of being corrected, is not corrected within 20 days of the date on
      which either the Borrower becomes aware of such breach or the Agent
      notifies the Borrower of such breach;

	 	 	 	 
	 	(f) 	
      Execution. Judgments are made against the
      Obligors or any one of them in excess of US$500,000 (or the equivalent
      amount in any other currency) by any court of competent jurisdiction and
      (i) a writ, execution or attachment or similar process is levied against
      the property of any of them in respect of such judgment, or (ii) the
      judgment is not actively and diligently appealed and execution thereof
      stayed pending appeal within 30 days of the rendering of the judgment, or
      (iii) the judgment is not paid or otherwise satisfied within 30 days of
      the rendering of the judgment.

- 111 -

	 	(g) 	
      Invalidity and Contest. This Agreement or
      any of the other Documents, or any provision hereof or thereof, shall at
      any time after execution and delivery hereof or thereof, for any reason,
      cease to be a legal, valid and binding obligation of any Obligor, as
      applicable, or cease to be enforceable against any Obligor, as applicable,
      in accordance with its terms or shall be declared to be null and void, or
      the legality, validity, binding nature or enforceability of this Agreement
      or any other Document, or any provision hereof or thereof, shall be
      contested by any of the Obligors, as applicable, or any of the Obligors,
      as applicable, shall deny that it has any further liabilities or
      obligations hereunder or thereunder.

	 	 	 	 
	 	(h) 	
      Government Approval. Any Government
      Approval required to enable any of the Obligors to conduct its business
      substantially as presently conducted or to perform its obligations under
      any Document is not obtained or is withdrawn or ceases to be in full force
      and effect and that required Government Approval cannot be acquired or
      reinstated within 30 days of the date on which the relevant Obligor knew
      or ought to have known the Government Approval was required or withdrawn
      and such failure has a Material Adverse Effect.

	 	 	 	 
	 	(i) 	
      Voluntary Proceedings. Any
  Obligor:

	 	 	 	 
			
      (i) 
	
      institutes proceedings for substantive relief in any
      bankruptcy, insolvency, debt restructuring, insolvency reorganization,
      readjustment of debt, dissolution, liquidation, winding-up or other
      similar proceedings (including proceedings under the Bankruptcy and
      Insolvency Act (Canada), the Winding-up and Restructuring Act
      (Canada), the Companies' Creditors Arrangement Act (Canada),
      the United States Bankruptcy Code, the incorporating statute of the
      relevant corporation or other similar legislation), including proceedings
      for the appointment of a trustee, interim receiver, receiver, receiver and
      manager, administrative receiver, custodian, liquidator, provisional
      liquidator, administrator, sequestrator or other like official with
      respect to the relevant corporation or all or any material part of its
      property or assets;

	 	 	 	 
	 		(ii) 	
      makes an assignment for the benefit of
  creditors;

	 	 	 	 
	 		(iii) 	
      is unable or admits in writing its inability to pay its
      debts as they become due or otherwise acknowledges its insolvency or
      commits any other act of bankruptcy or is taken to be insolvent under any
      applicable legislation;

	 	 	 	 
			
      (iv) 
	
      voluntarily suspends the conduct of its business or
      operations; 

	 	 	 	 
	 	 	 	or acquiesces to, or takes any action in furtherance of, any of the
    foregoing.
	 	 	 	 
	 	(j) 	
      Involuntary Proceedings. If any third party
      in respect of any Obligor:

	 	 	 	 
			
      (i) 
	
      makes any application under the Companies' Creditors
      Arrangement Act (Canada), the United States Bankruptcy Code or
      similar legislation in Canada or the United States of
  America;

- 112 -

	 	(ii) 	
      files a proposal or notice of intention to file a
      proposal under the

	 	 	 
	 		
      Bankruptcy and Insolvency Act (Canada), the
      United States Bankruptcy Code or similar legislation in Canada or
      the United States of America;

	 	 	 
	 	(iii) 	
      institutes a winding-up proceeding under the
      Winding-up and Restructuring Act (Canada), the United States
      Bankruptcy Code, any relevant incorporating statute or any similar
      legislation in Canada or the United States of America;

	 	 	 
	 	(iv) 	
      presents a petition in bankruptcy under the Bankruptcy
      and Insolvency Act (Canada) or any similar legislation in Canada or
      the United States of America; or

	 	 	 
	 	(v) 	
      files, institutes or commences any other petition,
      proceeding or case under any other bankruptcy, insolvency, debt
      restructuring, insolvency reorganization, readjustment of debt,
      dissolution, liquidation, winding-up or similar law now or hereafter in
      effect, seeking bankruptcy, liquidation, reorganization, dissolution,
      winding-up, composition or readjustment of debt of any of them, the
      appointment of a trustee, interim receiver, receiver, receiver and
      manager, administrative receiver, custodian, liquidator, provisional
      liquidator, administrator, sequestrator or other like official for any of
      them, or any material part of any of their respective assets or any
      similar relief in Canada or the United States of
America;

and if the application, filing,
proceeding, petition or case is not contested by bona fide action on the part of
the relevant Obligor and is not dismissed, stayed or withdrawn within 30 days of
commencement thereof or if relief is granted against the relevant Obligor. 

	 	(k) 	
      Creditor Action. Any secured creditor,
      encumbrancer or lienor, or any trustee, interim receiver, receiver,
      receiver and manager, administrative receiver, agent, bailiff or other
      similar official appointed by any secured creditor, encumbrancer or
      lienor, takes possession of, forecloses, seizes, retains, sells or
      otherwise disposes of, or otherwise proceeds to enforce security over, all
      or a substantial part of the assets of any Obligor or gives notice of its
      intention to do any of the foregoing.

	 	 	 
	 	(l) 	
      Material Contracts. Any Obligor defaults in
      any material respect under any Material Contract and all applicable notice
      or cure periods under the Material Contract have expired and the default
      has not been cured or waived and such default has a Material Adverse
      Effect.

	 	 	 
	 	(m) 	
      Change of Control Regarding Persons Other Than
      SunOpta. There occurs, directly or indirectly, a change after the
      Closing Date in the legal or beneficial ownership of any shares in the
      capital stock of any Obligor (other than SunOpta) such that SunOpta shall
      cease to own or control, directly or indirectly, shares or ownership
      interests of such Obligor or Subsidiary carrying voting rights
      sufficient to permit SunOpta to elect a majority
of the members of the board of directors of such Obligor or Subsidiary. 

- 113 -

	 	(n) 	
      Change of Control Regarding SunOpta. There
      occurs, directly or indirectly, a change after the Closing Date in the
      legal or beneficial ownership of any shares in the capital stock of
      SunOpta such that a Person or group of Persons acting in concert
      beneficially owns or controls 51% or more of the shares of SunOpta
      carrying voting rights.

	 	 	 
	 	(o) 	
      Pension Plan. If any of the following
      events shall occur with respect to any Canadian Pension Plan or US Pension
      Plan: (i) the institution of any steps by any Obligor or any member of its
      Controlled Group or any applicable regulatory authority to terminate a
      Canadian Pension Plan or US Pension Plan (wholly or in part) if, as a
      result of such termination, any Obligor may be required to make an
      additional contribution to such Canadian Pension Plan or US Pension Plan,
      or to incur an additional liability or obligation to such Canadian Pension
      Plan or US Pension Plan, equal to or in excess of $1,000,000 or the
      equivalent thereof in another currency; or (ii) a contribution failure
      occurs with respect to any US Pension Plan sufficient to give rise to a
      lien or charge under Section 302(f) of ERISA or under any applicable
      pension benefits legislation in any other jurisdiction and such default
      has a Material Adverse Effect.

10.2    Rights upon Default and
Event of Default. 

Upon the occurrence of a Default, the Agent may, and the Agent
shall upon the instructions of the Majority Lenders, on notice to the Borrower,
declare that the ability of the Borrower to require any further Advances under
the Credit Facilities shall be suspended pending the remedying of the Default.
Upon the occurrence of an Event of Default pursuant to Sections 10.1(i) or
10.1(j), the Agent shall, and upon the occurrence of any other Event of Default
and for so long as the other Event of Default shall continue, the Agent may, and
the Agent shall upon the instructions of the Majority Lenders, without notice to
the Borrower, do either or both of the following: 

	 	(a) 	
      declare that the Total Commitment under each Credit
      Facility has expired and that the Lenders' obligations to make Advances
      have terminated; and

	 	 	 
	 	(b) 	
      declare the entire principal amount of all Advances
      outstanding, all unpaid accrued interest and all fees and other amounts
      required to be paid by the Borrower hereunder to be immediately due and
      payable without the necessity of presentment for payment, notice of
      non-payment and of protest (all of which are hereby expressly waived) and
      proceed to exercise any and all rights and remedies hereunder and under
      any other Document.

From and after the issuance of any declaration referred to in
this Section 10.2, no Lender shall be required to honour any cheque or other
instrument presented to it by any Borrower regardless of the date of issue or
presentation. Immediately upon receipt of a declaration under Section 10.2(b),
the Borrowers shall pay to the Agent on behalf of the Lenders all amounts outstanding hereunder including, if applicable, the Hedge
Contract Exposure owing under each Hedge Contract with a Lender. Without
limiting the generality of the foregoing, SunOpta shall pay to the Agent on
behalf of the Lenders the face amount of all Bankers' Acceptances which have not
matured which amounts shall be held by the Agent as collateral security for
SunOpta's obligations and with respect to those Bankers' Acceptances. The Hedge
Contract Exposure under any Hedge Contract shall be determined in accordance
with the applicable Hedge Agreement.

- 114 -

10.3    Waiver of Default.

No express or implied waiver by the Agent and the Lenders of
any demand, Default or Event of Default shall in any way be or be construed to
be a waiver of any future or subsequent Default or Event of Default. For greater
certainty, a Default or Event of Default declared by the Agent may only be
waived by the Majority Lenders. To the extent permitted by Applicable Law, the
Obligors hereby waive any rights now or thereafter conferred by statute or
otherwise which may limit or modify any of the Agent's or the Lenders' rights or
remedies under any Document. The Obligors acknowledge and agree that the
exercise by the Agent or any Lender of any rights or remedies under any Document
without having declared an acceleration shall not in any way alter, affect or
prejudice the right of the Agent to make a declaration pursuant to Section 10.2
at any time and, without limiting the foregoing, shall not be construed as or
deemed to constitute a waiver of any rights under Section 10.2. 

SECTION 11

  REMEDIES 

11.1    Remedies Cumulative.

For greater certainty, the rights and remedies of the Agent and
the Lenders under this Agreement and the other Documents are cumulative and are
in addition to and not in substitution for any rights or remedies provided by
law. Any single or partial exercise by the Agent or any Lender of any right or
remedy upon the occurrence of a demand, Default or Event of Default shall not be
deemed to be a waiver of, or to alter, affect or prejudice any other right or
remedy to which the Agent or any Lender may be lawfully entitled as a result of
the demand, Default or Event of Default, and any waiver by the Agent or any
Lender of the strict observance of, performance of or compliance with any term,
covenant, condition or agreement herein contained, and any indulgence granted
thereby, shall be deemed not to be a waiver of any subsequent demand, Default or
Event of Default. 

11.2    Remedies Not
Limited.

The Agent on behalf of itself and the Lenders may, to the
extent permitted by Applicable Law, bring suit at law, in equity or otherwise,
for any available relief or purpose including, but not limited to: (a) the
specific performance of any covenant or agreement contained in this Agreement or
in any other Document; (b) an injunction against a violation of any of the terms
of this Agreement or any other Document; (c) in aid of the exercise of any power
granted by this Agreement or any other Document or by law; or (d) the recovery
of any judgment for any and all amounts due in respect of the Obligations. 

- 115 -

11.3    Set-Off, etc.

Upon the occurrence of an Event of Default which continues, the
Agent, each Lender and each of their respective branches and offices are hereby
authorized by each Obligor from time to time, with notice (which such notice may
be provided to the Borrower after the occurrence of any of the following and
provided that the Agent and the Lenders shall not be liable for any failure to
provide such notice) to the Borrowers, to: (a) set off and apply any and all
amounts owing by the Agent, any Lender or any of their respective branches or
offices to any Obligor (whether payable in Canadian Dollars or any other
currency and any amounts so owing in any other currency may be converted into
one or more currencies in which the Obligations are denominated at such rate or
rates as the party may be able to obtain, acting reasonably, whether matured or
unmatured, and in the case of deposits, whether general or special, time or
demand and however evidenced) against and on account of the Obligations (whether
or not any declaration under Section 10.2 has been made and whether or not those
Obligations are unmatured or contingent); (b) hold any amounts owing by the
Agent or any Lender as collateral to secure payment of the Obligations owing to
it to the extent that those amounts may be required to satisfy any contingent or
unmatured Obligations owing to it; and (c) return as unpaid for insufficient
funds any and all cheques and other items drawn against any deposits so held as
the Agent or any Lender in its sole discretion may elect. For greater certainty,
after the occurrence of an Event of Default which continues, and in addition to
the rights, powers and remedies set out above, the Agent, each Lender and each
of their respective branches and offices, may exercise at their discretion
without notice to the Obligors any and all set-off and other rights and remedies
afforded to each of them pursuant to Applicable Law. The amount of any set-off
exercised by the Agent or a Lender shall be applied in accordance with the
provisions of this Agreement. 

11.4    Agent or Lender May
Perform Covenants. 

If any Obligor fails to perform any of its obligations under
any covenant contained in this Agreement or any other Document, the Agent or any
Lender may (but has no obligation to), upon notice to the Borrowers, perform any
covenant capable of being performed by it and, if the covenant requires the
payment or expenditure of money, it may make an Advance to fund that
requirement, which Advance shall be repaid by the Borrowers on demand. That
Advance shall bear interest at a rate calculated and paid in accordance with
Section 4 for the type of Advance made. 

SECTION 12 

  THE AGENTS AND THE LENDERS

12.1    Arrangements for Advances.

The Agent shall give notice to each Lender under each Credit
Facility promptly in writing upon receipt by the Agent of any notice given under
this Agreement which affects such a Lender. The Agent shall advise each
applicable Lender of the amount, date and details of each relevant Advance
(other than by way of Hedge Contract) and of each Lender's participation, as
applicable, in each Advance. At or before 1:00 p.m. on the Drawdown Date, each
Lender will make its participation available to the Borrower at such account or
accounts as advised by the Agent to the Lenders from time to time. Unless the
Agent has actual knowledge that a Lender has not made or will not make available to the Agent for value
on the Drawdown Date requested for an Advance by the Borrower under a Credit
Facility such Lender's Rateable Portion of such Advance requested, the Agent
shall be entitled to assume that such amount has been or will be received from
such Lender when so due and the Agent may (but shall not be obliged to), in
reliance upon such assumption, make available to the Borrower a corresponding
amount. If such amount is not in fact received by the Agent from such Lender on
such Drawdown Date and the Agent has made available a corresponding amount to
the Borrower on such Drawdown Date as aforesaid, such Lender shall pay to the
Agent on demand an amount equal to the product of (i) the interest rate per
annum applicable to the Advance multiplied by (ii) the amount that should have
been paid to the Agent by such Lender on such Drawdown Date and was not,
multiplied by (iii) a fraction, the numerator of which is the number of days
that have elapsed from and including such Drawdown Date to but excluding the
date on which the amount is received by the Agent from such Lender and the
denominator of which is 365. A certificate of the Agent containing details of
the amount owing by a Lender under this Section shall be deemed to be prima
facie correct. If any such amount is not in fact received by the Agent from
such Lender on such Drawdown Date, the Agent shall be entitled to recover from
the Borrower, on demand, the related amount made available by the Agent to the
Borrower as aforesaid together with interest thereon at the applicable rate per
annum payable by the Borrower hereunder (but for greater certainty, without
prejudice to any claim which the Borrower might have against such Lender as a
result of such Lender not having made its Rateable Portion of such Advance). 

- 116 -

	12.2 	
      Payments by Agents

	 	 	 	 
		(a) 	
      The following provisions shall apply to any and all
      payments made or to be made by the Agent to the Lenders:

	 	 	 	 
			(i) 	
      the Agent shall be under no obligation to make any
      payment (whether in respect of principal, interest, fees or otherwise) to
      any Lender until an amount in respect of such payment has been received by
      the Agent from the Borrower;

	 	 	 	 
			(ii) 	
      if the Agent receives a payment of principal, interest,
      fees or other amount owing by the Borrower which is less than the full
      amount of any such payment due, the Agent shall have no obligation to
      remit to each Lender any amount other than such Lender's Rateable Portion
      of the amount actually received by the Agent;

	 	 	 	 
			(iii) 	
      if any Lender has advanced more or less than its Rateable
      Portion of its Commitment, such Lender's entitlement to such payment shall
      be increased or reduced, as the case may be, in proportion to the amount
      actually advanced by such Lender;

	 	 	 	 
			(iv) 	
      if a Lender's Rateable Portion of an Advance has been
      advanced for less than the full period to which any payment by the
      Borrower relates, such Lender's entitlement to receive a portion of any
      payment of interest or fees shall be reduced in proportion to the length
      of time such Lender's Rateable Portion has actually been outstanding
      (unless such Lender has paid all interest required to have been paid by
it to the Agent pursuant to Section 12.1); 

- 117 - 

	 	(v) 	
      the Agent acting reasonably and in good faith shall,
      after consultation with the Lenders in the case of any dispute, determine
      in all cases the amount of all payments to which each Lender under is
      entitled and such determination shall be deemed to be prima facie
      correct;

	 	 	 
	 	(vi) 	
      upon request, the Agent shall deliver a statement
      detailing any of the payments to the Lenders under the relevant Credit
      Facility referred to herein;

	 	 	 
	 	(vii) 	
      all payments by the Agent to a Lender hereunder shall be
      made to such Lender at its address set out herein unless notice to the
      contrary is received by the Agent from such Lender; and

	 	 	 
	 	(viii) 	
      if the Agent or has received a payment from the Borrower
      on a Business Day (not later than the time required for the receipt of
      such payment as set out in this Agreement) and fails to remit such payment
      to any Lender entitled to receive its Rateable Portion of such payment on
      such Business Day, the Agent agrees to pay interest on such late payment
      at the same rate and in the same manner as set out in Section 12.1 and,
      despite any other provision of any Document the Obligors shall not be
      required to reimburse the Agent therefor.

	 	(b) 	
      Unless the Agent has actual knowledge that the Borrower
      has not made or will not make a payment to the Agent in respect of the
      relevant Credit Facility for value on the date in respect of which the
      Borrower has notified the Agent in writing that the payment will be made,
      the Agent shall be entitled to assume that such payment has been or will
      be received from the Borrower when due and the Agent may (but shall not be
      obliged to), in reliance upon such assumption, pay to each Lender its
      Rateable Portion of the payment expected from the Borrower. If the Agent
      has made such payments to the Lenders and the expected payment from the
      Borrower is in fact not received by the Agent on the required date, then
      each Lender which has received any such payment agrees to refund such
      payment to the Agent immediately upon request, and the Borrower shall,
      without limiting its other obligations under this Agreement, indemnify the
      Agent against any and all liabilities, obligations, losses (other than
      loss of profit), damages, penalties, costs, expenses or disbursements of
      any kind or nature whatsoever that may be imposed on or incurred by the
      Agent as a result of having made such payments to the Lenders, except for
      those arising from the Agent's negligence or wilful misconduct. A
      certificate of the Agent with respect to any amount owing by the Borrower
      under this section shall be deemed to be prima facie correct.

	 	 	 
	 	(c) 	
      The Borrower hereby irrevocably authorizes the Agent to
      debit any account maintained by the Borrower with the Agent in order to
      make payments to the Lenders as contemplated herein. The Agent agrees to
      provide written notice to the Borrower of each such debit in reasonable
      detail. The Borrower shall be deemed to have agreed to each such debit
      unless the Borrower objects in writing to such debit within 30 days after
      receipt of such written notice from the Agent. 

- 118 -

	12.3 	
      Decision-Making

	 	 	 	 
		(a) 	
      Any amendment, waiver, discharge or termination with
      respect to this Agreement relating to the following matters shall be
      effective only if agreed between the relevant Borrower and the Unanimous
      Lenders (such amendment, waiver, discharge or termination, as applicable,
      having been approved by all of the Lenders pursuant to Section
      12.7(j)):

	 	 	 	 
			(i) 	
      a change the amount of any principal or any other amount
      payable by the Borrower, or a decrease in the interest rate or fee margin
      payable by the Borrowers hereunder (including the interest and fee margins
      set out in the Pricing Grid and the Facility C Interest Premium), or any
      alteration in the currency or mode of calculation or computation of any
      amount payable hereunder;

	 	 	 	 
			(ii) 	
      an increase in the Total Commitment under any Credit
      Facility or in any Lender's Commitment;

	 	 	 	 
			(iii) 	
      a change in the definition of “Unanimous
  Lenders”;

	 	 	 	 
			(iv) 	
      a change in the definition of “Majority
  Lenders”;

	 	 	 	 
			(v) 	
      the removal, in respect of Facility A, of the requirement
      that Advances not exceed the Facility A Borrowing Base as set out in
      Section 3.2(a);

	 	 	 	 
			(vi) 	
      the removal, in respect of Facility B, of the requirement
      that Advances not exceed the Facility B Borrowing Base as set out in
      Section 3.2(b);

	 	 	 	 
			(vii) 	
      a material change in the definition of “Facility A
      Borrowing Base”, “Facility B Borrowing Base”, “Eligible Accounts
      Receivable”, “Insured Eligible Accounts Receivable”, “Accounts
      Receivable”, “Eligible Inventory” or “Inventory”;

	 	 	 	 
			(viii) 	
      any change to Section 10.1 or what constitutes an Event
      of Default;

	 	 	 	 
			(ix) 	
      any extension or reduction of the time for any payments
      required to be made by the Borrower;

	 	 	 	 
			(x) 	
      any change in the types of Advances available;

	 	 	 	 
			(xi) 	
      any change in a Maturity Date or amortization of payments
      hereunder;

	 	 	 	 
			(xii) 	
      an extension or reduction of the notice period required
      in connection with any Advance;

- 119 - 

	 	(xiii) 	
      an assignment or transfer by the Borrower of any of its
      rights and obligations under this Agreement;

	 	 	 
	 	(xiv) 	
      any material change in the nature and scope of the
      Security or any release or discharge of any material portion of the
      Security, except that the Agent may from time to time without notice to or
      the consent of the Lenders execute and deliver partial releases or
      discharges of the Security from time to time in respect of any item of
      Collateral to the extent the sale or release of such item of Collateral is
      permitted in this Agreement, whether or not the Borrower may have an
      obligation to apply the net proceeds thereof as a repayment hereunder. For
      purposes of this sub-section (xiv), “material” means any change or
      discharge in respect of Collateral having a value of US$5,000,000 or more
      in any one Fiscal Year; or

	 	 	 
	 	(xv) 	
      any provision of this Section
12.3(a).

	 	(b) 	
      Except for the matters described in paragraph (a) above,
      any amendment, waiver, discharge or termination with respect to this
      Agreement shall be effective only if agreed between the relevant Borrower
      and the Majority Lenders (such amendment having been approved by the
      Majority Lenders pursuant to Section 12.7(j)) and any such amendment,
      waiver, discharge or termination shall be final and binding upon all of
      the Lenders. For greater certainty, and subject to the matters described
      in paragraph (a) above, where the terms of the Agreement or any other
      Document refer to any action to be taken hereunder or thereunder by the
      Lenders or to any such action that requires the consent or other
      determination of the Lenders, the action taken by and the consent or other
      determination given or made by the Majority Lenders shall, except to the
      extent that this Agreement expressly provides to the contrary, constitute
      the action or consent or other determination of the Lenders herein or
      therein referred to, and the Agent may exercise its powers under Article
      12 hereof and the Documents based upon such action, consent or other
      determination

12.4    Security Held by Agent

Except to the extent provided in Section 12.5, the Security
shall be granted in favour of and held by the Agent for and on behalf of the
Lenders in accordance with the provisions of this Agreement. The Agent shall, in
accordance with its usual practices in effect from time to time, take all steps
required to perfect and maintain such Security, including: taking possession of
the share certificates representing the shares required to be pledged hereunder;
filing renewals and change notices in respect of such Security; and ensuring
that the name of the Agent is noted as loss payee or mortgagee on all property
insurance policies covering assets subject to the Security. If the Agent becomes
aware of any matter concerning the Security which it considers to be material,
it shall promptly inform the Lenders. The Agent agrees to permit each Lender to
review and make photocopies of the original documents comprising the Security
from time to time upon reasonable notice. Each of the Lenders acknowledges that
to the extent permitted by Applicable Law, the Security and the remedies
provided under the Documents to the Lenders are for the benefit of the Lenders
collectively and acting together and not severally, and further acknowledges that its rights hereunder and under the Security
are to be exercised not severally, but by the Agent in accordance with this
Agreement. Accordingly, notwithstanding any of the provisions contained herein
or in the Security each Lender covenants and agrees that it shall not be
entitled to take any action hereunder or thereunder including, without
limitation, any declaration of default hereunder or thereunder but that any such
action shall be taken only by the Agent in accordance with this Agreement. 

- 120 -

12.5   Priorities of Security

Notwithstanding any other provision of this Agreement, the
proceeds of realization of the Security or any portion thereof shall be
distributed in accordance with the provisions of this Agreement. 

	12.6 	
      Protection of Agent

	 	 	 
		(a) 	
      Unless and until instructed by the Majority Lenders, the
      Agent shall not be bound to inquire as to: (i) whether any representation
      made by the Borrower in or in connection with any Document is true; (ii)
      the occurrence or otherwise of any Event of Default or Default; (iii) the
      performance by the Borrower of its obligations under any Document; (iv)
      any breach of or default by the Borrower or any Obligor under its
      obligations under any Document; or (v) the use or application by the
      Borrower of any of the proceeds of an Advance under the Credit Facilities.
      The Agent shall report the results of any such enquiry to the Lenders, but
      shall have no obligation to take any action in connection therewith unless
      otherwise instructed by the Majority Lenders as provided herein.

	 	 	 
		(b) 	
      Unless the Agent has actual knowledge or actual notice to
      the contrary, it may assume that: (i) any representation made by any
      Obligor in or in connection with any Document is true; (ii) no Event of
      Default or Default has occurred; and (iii) the Borrower is not in breach
      of or in default under, its obligations under any Document.

	 	 	 
		(c) 	
      Unless the Agent has actual knowledge or actual notice to
      the contrary, it may assume that each Lender's address is that set out
      herein until it has received from such Lender a notice designating some
      other office of such Lender as its address and act upon any such notice
      until the same is superseded by a further such notice.

	 	 	 
		(d) 	
      The Agent may engage and pay for the advice or services
      of any lawyers, accountants or other experts whose advice or services may
      to it seem necessary, expedient or desirable and rely upon any advice so
      obtained.

	 	 	 
		(e) 	
      Unless the Agent has actual knowledge or actual notice to
      the contrary, the Agent may rely as to matters of fact which might
      reasonably be expected to be within the knowledge of any Obligor upon a
      statement contained in any Document.

	 	 	 
		(f) 	
      Unless the Agent has actual knowledge or actual notice to
      the contrary, the Agent may rely upon any communication or document
      believed by it to be genuine.

- 121 -

	 	(g) 	
      The Agent may refrain from exercising any right, power or
      discretion vested in it under this Agreement unless and until instructed
      by, as applicable, the Majority Lenders or the Unanimous Lenders as to
      whether or not such right, power or discretion is to be exercised and, if
      it is to be exercised, as to the manner in which it should be
      exercised.

	 	 	 
	 	(h) 	
      The Agent may refrain from exercising any right, power or
      discretion vested in it which would or might in its opinion in its sole
      discretion be contrary to any law of any jurisdiction or any directive or
      otherwise render it liable to any Person, and may do anything which is in
      its opinion in its sole discretion necessary to comply with any such law
      or directive.

	 	 	 
	 	(i) 	
      The Agent may delegate to such other Person, such duties
      and responsibilities of the Agent hereunder as it shall determine to be
      appropriate in respect of dealings with or relating to the Borrower or any
      other Person.

	 	 	 
	 	(j) 	
      The Agent may refrain from acting in accordance with any
      instructions of, as applicable, the Majority Lenders or Unanimous Lenders
      to begin any legal action or proceeding arising out of or in connection
      with this Agreement or take any steps to enforce or realize upon any
      Security, until it shall have received such security as it may reasonably
      require (whether by way of payment in advance or otherwise) against all
      costs, claims, expenses (including legal fees) and liabilities which it
      will or may expend or incur in complying with such instruction.

	 	 	 
	 	(k) 	
      The Agent shall not be bound to disclose to any Person
      any information relating to the Borrower or any Obligor if such disclosure
      would or might in its opinion in its sole discretion constitute a breach
      of any law or regulation or be otherwise actionable at the suit of any
      Person.

	 	 	 
	 	(l) 	
      The Agent shall not accept any responsibility for the
      accuracy and/or completeness of any information supplied in connection
      herewith or for the legality, validity, effectiveness, adequacy or
      enforceability of any Document and the Agent shall not be under any
      liability to any Lender as a result of taking or omitting to take any
      action in relation to any Document save in the case of the Agent's
      negligence or wilful misconduct.

12.7   Duties of Agent

The Agent shall: 

	 	(a) 	
      provide to each Lender copies (including, if available,
      electronic copies) of all financial information received from the Borrower
      promptly after receipt thereof, and copies of any notices in respect of a
      Drawdown, Conversion, Rollover, and other notices received by the Agent
      from the Borrower upon request by any Lender;

- 122 -

	 	(b) 	
      promptly advise each Lender thereunder of Advances
      required to be made by it hereunder and disburse all repayments to the
      Lenders thereunder in accordance with the terms of this
  Agreement;

	 	 	 
	 	(c) 	
      promptly notify each Lender thereunder of the occurrence
      of any Event of Default or any Default by the Borrower in the due
      performance of its obligations under this Agreement or the Security and of
      which the Agent has actual knowledge or actual notice;

	 	 	 
	 	(d) 	
      each time the Borrower requests the prior written consent
      of the Majority Lenders, use its best efforts to obtain and communicate to
      the Borrower the response of the Majority Lenders in a reasonably prompt
      and timely manner having due regard to the nature and circumstances of the
      request;

	 	 	 
	 	(e) 	
      give written notice to the Borrower in respect of any
      other matter in respect of which notice is required in accordance with or
      pursuant to this Agreement, promptly or promptly after receiving the
      consent of the Majority Lenders or the Unanimous Lenders, if required
      under the terms of this Agreement;

	 	 	 
	 	(f) 	
      except as otherwise provided in this Agreement, act in
      accordance with any instructions given to it by, as applicable, the
      Majority Lenders or the Unanimous Lenders;

	 	 	 
	 	(g) 	
      at the time of engaging any agent, receiver,
      receiver-manager, consultant, monitor or other party in connection with
      the Security or the enforcement thereof, obtain the agreement of such
      party to comply with the applicable terms of this Agreement in carrying
      out any such enforcement activities and dealing with any proceeds of
      realization;

	 	 	 
	 	(h) 	
      if so instructed by the Majority Lenders or the Unanimous
      Lenders, as applicable, refrain from exercising any right, power or
      discretion vested in it under this Agreement or any Document incidental
      hereto;

	 	 	 
	 	(i) 	
      account for any monies received by it in connection with
      this Agreement, the Security and any other agreement delivered in
      connection herewith or therewith; and

	 	 	 
	 	(j) 	
      call a meeting of the Lenders thereunder at any time not
      earlier than five (5) days and not later than thirty (30) days after
      receipt of a written request for a meeting provided by any Lender under
      any such Credit Facility; provided that the above notice requirements may
      be waived by the unanimous agreement of the Lenders thereunder; and
      provided further that any instrument executed by all of the Lenders
      thereunder (which may be in counterparts and delivered electronically)
      shall have the same effect as if passed by the Lenders thereunder at a
      duly called meeting.

- 123 -

12.8    Termination or Resignation
  of Agent

The Majority Lenders may terminate the Agent's appointment
hereunder upon giving the Agent 90 days' prior written notice to such effect.
The Agent may resign its appointment hereunder at any time upon giving 90 days'
prior written notice to each Lender, without giving any reason therefor. In the
event of any such termination or resignation, the Majority Lenders shall appoint
a successor Agent acceptable to the Borrower (whose consent may not be
unreasonably withheld). Within a reasonable time after the appointment of the
successor Agent, the retiring Agent shall assign the Security to the successor
Agent. Upon such assignment and/or upon the Agent's termination or resignation
hereunder, the retiring Agent shall be discharged from any further obligation
hereunder but shall remain entitled to the benefit of the provisions of this
Section 12; and the Agent's successor and each of the other parties hereto shall
have the same rights and obligations among themselves as they would have had if
such successor originally had been a party hereto as the Agent. If a Person
ceases to be the Agent and a successor Agent is not appointed within such 90 day
period, upon the expiry of such period such Person shall receive no further
compensation for acting as Agent and shall be released from all obligations as
Agent, except that until a successor Agent is appointed such Person shall
passively hold the Security as Agent for the Lenders without taking any action
to preserve, renew, maintain or enforce the Security; and its sole remaining
obligation shall be to assign the Security to its successor if and when a
successor Agent is appointed. 

12.9    Lenders' Independent
  Investigation

Each of the Lenders represents and warrants to the Agent and
BMO that it has made its own independent investigation of the financial
condition and affairs of the Obligors in connection with the establishment of
credit for the Borrower hereunder, and that it has not relied on any information
provided to it by the Agent or BMO in connection therewith, and each represents
and warrants to the Agent that it shall continue to make its own appraisal of
the creditworthiness of the Obligor from time to time. 

12.10  Legal Proceedings by Agent

The Agent shall not be obligated to take any legal proceedings
against the Borrower or any other Person for the recovery of any amount due
under this Agreement or the Security, unless instructed to do so by, as
applicable, the Majority Lenders or the Unanimous Lenders. No Lender shall bring
legal proceedings against the Borrower or any other Person hereunder under any
Security or under any other Documents or in connection herewith or therewith, or
exercise any right arising hereunder or thereunder or in connection herewith or
therewith over the property and assets of the Borrower or any other Person,
without the prior written consent of the Unanimous Lenders. 

12.11  Lenders' Obligations Several; No
Partnership 

The obligations of each Lender under this Agreement are
several. The failure of any Lender to carry out its obligations hereunder shall
not relieve the other Lenders of any of their respective obligations hereunder.
No Lender shall be responsible for the obligations of any other Lender hereunder. Neither the entering into of this Agreement nor the
completion of any transactions contemplated herein shall constitute the Lenders
a partnership. 

- 124 -

12.12  Acknowledgement by Borrower

The Borrower hereby acknowledges notice of the terms of the
provisions of this Section 12 and agrees to be bound hereby to the extent of its
obligations hereunder, and further agrees to not make any payments, take any
action or omit to take any action which would result in the non-compliance by
any Lender with its obligations hereunder. 

12.13  Amendments to Section 12

The Agent and the Lenders may amend any provision in this
Section 12 or Section 7 of the Provisions without prior notice to or the consent
of the Borrower, and the Agent shall provide a copy of any such amendment to the
Borrower reasonably promptly thereafter; provided however if any such amendment
would adversely affect any rights, entitlements, obligations or liabilities of
the Borrower (other than in a de minimus manner), such amendment shall
not be effective until the Borrower provides its written consent thereto, such
consent not to be unreasonably withheld or arbitrarily delayed. 

12.14  Deliveries, etc.

As between the Obligors, the Agent and the Lenders: (a) all
statements, certificates, consents and other documents which the Agent purports
to deliver to an Obligor on behalf of the Lenders shall be binding on each of
the Lenders, and none of the Obligors shall be required to ascertain or confirm
the authority of the Agent in delivering such documents; (b) all certificates,
statements, notices and other documents which are delivered by an Obligor to the
Agent in accordance with this Agreement shall be deemed to have been duly
delivered to each of the Lenders; and (c) all payments which are delivered by
the Borrower to the Agent in accordance with this Agreement shall be deemed to
have been duly delivered to each of the Lenders, as applicable. 

12.15  Agency Fee

The Borrower agrees to pay the Agent an annual agency fee in
  such amount as may be agreed in writing from time to time between the Borrower
  and the Agent, payable on the Closing Date and on each anniversary thereof during
  the term of this Agreement.

	12.16 	
      Adjustments Among Lenders.

	 	 	 
		(a) 	
      Adjustment After Exercise of Rights. Each
      Lender agrees that, after the exercise of any rights pursuant to Section
      10.2 and 12.16, it will at any time or from time to time, upon the request
      of the Agent, as required by any other Lender, purchase portions of the
      amounts due and owing to the other Lenders and make any other adjustments
      which may be necessary or appropriate so that the amounts due and owing to
      each Lender (excluding any amounts received by the L/C Lender or the
      Swingline Lender to secure the obligations of a Defaulting Lender or an
      Impacted Lender to fund risk participations hereunder), as adjusted under
      this Section 12.16, will, as nearly as
possible, reflect each Lender's Rateable Portion determined as at the date of
the exercise of any such rights. 

- 125 -

	 	(b) 	
      General Application. For greater certainty,
      the Lenders acknowledge and agree that, without limiting the generality of
      the provisions of Section 12.16(a), those provisions will have application
      if and whenever any Lender shall obtain any payment (whether voluntary,
      involuntary, through the exercise of any right of set- off or otherwise)
      on account of any money owing or payable by a Borrower to it in excess of
      the amounts to which it would otherwise be entitled under Section
      12.16(a).

	 	 	 
	 	(c) 	
      Adjustments to Advances. Notwithstanding
      anything else herein contained, the Agent may, when determining amounts
      payable to or payable by or to be advanced by a Lender under the relevant
      Credit Facility in connection with Advances, which amounts are determined
      by or by reference to that Lender's Rateable Portion, make such
      adjustments to such amount as it deems appropriate in its sole discretion
      to account or adjust for any amounts advanced to the Borrower, if any, by
      way of Letter of Credit and Bankers' Acceptances.

	 	 	 
	 	(d) 	
      Borrower Agreement. The Borrower agrees to
      be bound by and to do all things necessary or appropriate to give effect
      to any and all purchases and other adjustments made by and between the
      Lenders under this Section 12.16(a) but shall incur no increased
      liabilities by reason thereof.

12.17  Agents May Debit Accounts.

The Borrower authorizes and directs the Agent in its
discretion, to debit automatically, by mechanical, electronic or manual means,
any bank account of a Borrower maintained with BMO (for so long as BMO is Agent)
for all amounts payable by the Borrower under this Agreement or any other
Document, including the repayment of principal and the payment of interest, fees
and all charges for the keeping of that bank account. The Agent shall notify the
Borrower as to the particulars of those debits in the normal course. 

12.18  Field Examination Reports;
Disclaimer by Lenders 

By signing this Agreement, each Lender:

	 	(a) 	
      is deemed to have requested that the Agent furnish such
      Lender, promptly after it becomes available, a copy of each field
      examination report (each a “Report” and collectively,
      “Reports”) prepared by the Agent;

	 	 	 
	 	(b) 	
      expressly agrees and acknowledges that the Agent (i)
      makes no representation or warranty as to the accuracy of any Report, or
      (ii) shall not be liable for any information contained in any
    Report;

	 	 	 
	 	(c) 	
      expressly agrees and acknowledges that the Reports are
      not comprehensive examinations, that the Agent or any other party
      performing any examination will inspect only specific information
      regarding the Obligors and will rely significantly upon the Obligors' books
and records, as well as on representations of the Obligors' personnel; 

- 126 -

	 	(d) 	
      agrees to keep all Reports confidential and strictly for
      its internal use, and not to distribute, except to its participants or as
      required by Applicable Law, or use any Report in any other manner;
    and

	 	 	 
	 	(e) 	
      without limiting the generality of any other
      indemnification provision contained in this Agreement, agrees: (i) to hold
      the Agent and any such other Lender preparing a Report harmless from any
      action the indemnifying Lender may take or conclusion the indemnifying
      Lender may reach or draw from any Report in connection with any loans or
      other credit accommodations that the indemnifying Lender has made or may
      make to the Borrower, or the indemnifying Lender's participation in, or
      the indemnifying Lender's purchase of, a loan or loans of the Borrower;
      and (ii) to pay and protect, and indemnify, defend and hold the Agent and
      any such other Lender preparing a Report harmless from and against, the
      claims, actions, proceedings, damages, costs, expenses and other amounts
      (including counsel's costs) incurred by the Agent and any such other
      Lender preparing a Report as the direct or indirect result of any third
      parties who might obtain all or part of any Report through the
      indemnifying Lender.

12.19  Fonde de Pouvoir.

In addition to and without prejudice to Section 12.6 hereof,
each Lender hereby irrevocably appoints and authorizes the Agent (and any
successor acting as the Agent) to act as the person holding the power of
attorney (in such capacity, the “Fondé de pouvoir”) of each Lender as
contemplated under Article 2692 of the Civil Code of Quebec, and to enter
into, to take and to hold on their behalf, and for their benefit, each hypothec
granted by SunOpta Inc. as well as any other party that is or may in the future
become a party hereto as a Borrower or Obligor and in respect of which a
security is required to be taken under the Civil Code of Quebec (a
“Hypothec”), and to exercise such powers and duties which are conferred
upon the Fondé de pouvoir under each Hypothec. Moreover, each Lender hereby
irrevocably appoints and authorizes the Agent (and any successor acting as the
Agent) (in such capacity, the “Custodian”) to act as agent and custodian
for and on behalf of the Lenders to hold and to be the sole registered holder of
any debenture or bond which may be issued under any Hypothec, the whole
notwithstanding Section 32 of the Act Respecting the Special Powers of Legal
Persons (Quebec) or any other Applicable Law. In this respect, (i) records
shall be kept indicating the names and addresses of, and the pro rata portion of
the obligations and indebtedness secured by any pledge of any such debenture or
bond and owing to each Lender, and (ii) each Lender will be entitled to the
benefits of any collateral covered by any Hypothec and will participate in the
proceeds of realization of any such collateral, the whole in accordance with the
terms hereof. 

Each of the Fondé de pouvoir and the Custodian shall (a)
exercise, in accordance with the terms hereof, any rights and remedies given to
the Fondé de pouvoir and the Custodian (as applicable) with respect to the
collateral under any Hypothec, any debenture or bond or pledge thereof relating
to any Hypothec, Applicable Laws or otherwise, (b) benefit from and be subject
to all provisions hereof with respect to the Agent mutatis mutandis
including, without limitation, all such provisions with respect to the liability or responsibility
to and indemnification by the Lenders, and (c) be entitled to delegate from time
to time any of its powers or duties under any Hypothec, any debenture or bond or
pledge thereof relating to any Hypothec, Applicable Laws or otherwise and on
such terms and conditions as it may determine from time to time. Any person who
becomes a Lender, for itself and on behalf of its Affiliates referred to above,
shall be deemed to have consented to and confirmed: (i) the Fondé de pouvoir as
the person holding the power of attorney as aforesaid and to have ratified, as
of the date it becomes a Lender, all actions taken by the Fondé de pouvoir as
the person holding the power of attorney as aforesaid and to have ratified; and
(ii) the Custodian as the agent and custodian as aforesaid and to have ratified,
as the date it becomes a Lender, all actions taken by the Custodian in such
capacity. The Agent accepts the foregoing appointment as Fondé de pouvoir and
Custodian and agrees to act in such capacities. 

- 127 -

12.20  Other Provisions Concerning the
Agent 

The provisions of this Section 12 are in addition to the
provisions contained in the Provisions regarding the Agent, including without
limitation the provisions of Section 7 of the Provisions. 

SECTION 13 

  MISCELLANEOUS

13.1    Amendments.

No amendment or waiver of any provision of this Agreement or
consent to any departure by a party from any provision of this Agreement will be
effective unless it is in writing and executed by the relevant Persons, and then
the amendment, modification, waiver or consent will be effective only in the
specific instance, for the specific purpose and for the specific length of time
for which it is given, provided however that notwithstanding anything to
the contrary herein, no Defaulting Lender shall have any right to approve or
disapprove any amendment, waiver or consent hereunder, except that the
Commitment of such Lender may not be increased or extended without the consent
of such Lender. 

13.2    Notice.

Unless otherwise specified, any notice or other communication
required or permitted to be given to a party under this Agreement shall be in
writing and may be delivered personally or sent by prepaid registered mail,
e-mail, PDF or facsimile, to the address, e-mail address or facsimile number of
the party set out beside its name at the foot of this Agreement to the attention
of the Person there indicated or to such other address, e-mail address,
facsimile number or other Person's attention as the party may have specified by
notice in writing given under this Section. Any notice or other communication
shall be deemed to have been given (i) if delivered personally, when received;
(ii) if mailed, subject to Section 13.3, on the fifth Business Day following the
date of mailing; (iii) if sent by facsimile or e-mail, on the Business Day when
the appropriate confirmation of receipt has been received if the confirmation of
receipt has been received before 3:00 p.m. on that Business Day or, if the
confirmation of receipt has been received after 3:00 p.m. on that Business Day,
on the next succeeding Business Day; and (iv) if sent by facsimile or e-mail on
a day which is not a Business Day, on the next succeeding Business Day on which confirmation of receipt has been
received. All communication with any Obligor hereunder may be directed through
SunOpta. For greater certainty, any notice or other document or instrument which
is required to be given or delivered to any Obligor hereunder shall be deemed
(unless notice to such Obligor is required by Applicable Law) to have been given
to and received by such Obligor if given to SunOpta. 

- 128 -

13.3    Disruption of Postal Service.

If a notice has been sent by prepaid registered mail and before
the fifth Business Day after the mailing there is a discontinuance or
interruption of regular postal service so that the notice cannot reasonably be
expected to be delivered within five Business Days after the mailing, the notice
will be deemed to have been given when it is actually received. 

13.4    Environmental Indemnity.

Each Obligor shall, and does hereby, indemnify and hold each
Indemnified Person harmless from and against any and all Claims and Losses
incurred or suffered by, or asserted against, the Indemnified Person, with
respect to or as a direct or indirect result of, (a) the presence on or under,
or any Release or likely Release of any Hazardous Substance from any of the
Collateral comprising real property or any other real properties owned or used
by any of the Obligors or any Subsidiary or any of their successors and assigns;
or (b) the breach of any Applicable Laws by any mortgagor, owner, lessee or
occupant of such properties.

13.5    Further Assurances.

The Obligors shall from time to time promptly, upon the request
of the Agent, take or cause to take such action, and execute and deliver such
further documents as may be reasonably necessary or appropriate to give effect
to the provisions and intent of this Agreement and the Documents. 

13.6    Judgment Currency.

If for the purpose of obtaining judgment in any court it is
necessary to convert all or any part of the liabilities or any other amount due
to a Lender or the Agent in respect of any of the Borrowers' obligations under
this Agreement in any currency (the “Original Currency”) into another
currency (the “Other Currency”), each Borrower, to the fullest extent
that it may effectively do so, agrees that the rate of exchange used shall be
that at which, in accordance with normal banking procedures, the Lender or the
Agent could purchase the Original Currency with the Other Currency on the
Business Day preceding that on which final judgment is paid or satisfied. The
obligations of the Borrower in respect of any sum due in the Original Currency
from it to any Lender shall, notwithstanding any judgment in any Other Currency,
be discharged only to the extent that on the Business Day following receipt by
the Lender of any sum adjudged to be so due in such Other Currency the Lender
may, in accordance with its normal banking procedures, purchase the Original
Currency with such Other Currency. If the amount of the Original Currency so
purchased is less than the sum originally due to the Lender in the Original
Currency, the Borrower agrees, as a separate obligation and notwithstanding any
such judgment, to indemnify the Lender against such loss, and if the amount of
the Original Currency so purchased exceeds the sum originally due to the Lender in the
Original Currency, the Lender agrees to remit such excess to the Borrower. 

- 129 -

13.7    Waivers.

No failure to exercise, and no delay in exercising, on the part
of the Agent or any Lender, any right, remedy, power or privilege hereunder
shall operate as a waiver thereof. No single or partial exercise of any right,
remedy, power or privilege shall preclude the exercise of any other right,
remedy, power or privilege. 

13.8    Reimbursement of Expenses.

The Obligors jointly and severally agree to: (a) pay or
reimburse the Agent on demand, for all of its reasonable out-of-pocket costs and
expenses (including legal fees) incurred in connection with the preparation,
negotiation and execution of this Agreement and the other Documents including
any subsequent amendments, waivers or modifications of this Agreement or any
other Document (whether or not the transactions contemplated hereby or thereby
shall be consummated), including the reasonable fees and disbursements of
counsel to the Agent; and (b) pay or reimburse, on demand after the occurrence
of an Event of Default which is continuing, the Agent and each Lender for all of
its costs and expenses (including legal fees) incurred in connection with the
determination, preservation and enforcement of any responsibilities, rights and
remedies under this Agreement and the other Documents, including the reasonable
fees and disbursements of counsel to the Agent and of counsel to each Lender, if
applicable, including all out-of-pocket expenses incurred during any work out,
restructuring or negotiations in respect of the Credit Facilities. For greater
certainty, the Obligors shall not, despite any other provision of this Agreement
or any other Document, until the occurrence of an Event of Default which then
continues, be required to reimburse a Lender (which for greater certainty does
not include the Agent in its capacity as agent) for any out-of-pocket legal
expenses incurred by such Lender. The obligations of the Obligors under this
Section 13.8 shall survive the repayment of all Obligations and the termination
of the Credit Facility.

13.9    Submission to Jurisdiction.

Each Borrower and Obligor irrevocably submits to the
non-exclusive jurisdiction of the courts of the Province of Ontario and hereby
irrevocably agrees that all claims in respect of such action or proceeding may
be heard and determined in such court. Each Borrower hereby irrevocably waives,
to the fullest extent it may effectively do so, the defence of an inconvenient
forum to the maintenance of such action or proceeding. Each Borrower hereby
irrevocably consents to the service of any and all process in such action or
proceeding by the delivery of such process to such Borrower at its address
provided in accordance with Section 13.2. 

13.10  Waiver of Trial by Jury.

The Borrowers and the Obligors hereby knowingly voluntarily and
intentionally waive any rights they may have to a trial by jury in respect of
any litigation based on, or arising out of, under, or in connection with, this
Agreement or any other Document, or any course of conduct, course of dealing,
statements (whether oral or written) or actions of the Agent, any Lender or any
of the Borrowers or Obligors. The Borrowers and the Obligors acknowledge and
agree that they have received full and sufficient consideration for this provision
(and each other provision of each other Document to which it is a party) and
that this provision is a material inducement for the Lenders entering into this
Agreement and each other Document. 

- 130 -

13.11  Counterparts.

This Agreement and the Documents may be executed and delivered
in any number of counterparts, each of which when executed and delivered is an
original but all of which taken together constitute one and the same instrument.
This Agreement and the Documents may be executed and delivered by facsimile
transmission or PDF and each of the parties hereto may rely on such facsimile
signature or PDF as though that facsimile signature or PDF were an original
hand-written signature. 

13.12  Excluded Subsidiaries.

The parties hereto acknowledge and agree that each Excluded
Subsidiary is not an Obligor for purposes of this Agreement or any of the
Documents. For greater certainty and without limiting the generality of the
foregoing, each Excluded Subsidiary and its assets shall not at any time be
considered part of the Consolidated Borrower. 

13.13  Acknowledgement.

Each Obligor hereby acknowledges, confirms and agrees that all
Documents (including without limitation Security Documents) previously, now or
hereafter delivered by such Obligor in favour of the Agent or any Lender, as
applicable, remains in full force and effect in accordance with its terms,
unless any such Document has been otherwise amended by written agreement. For
greater certainty, each Obligor that has previously executed and delivered a
Security Document hereby acknowledges and confirms that each such Security
Document secures the obligations of such Obligor under and in connection with
this Agreement and all other relevant Documents. 

13.14  Canadian Bankers' Association
Model Credit Agreement Provisions. 

The model credit agreement provisions set forth in Schedule X
(as amended herein) form part of this Agreement and are incorporated herein by
reference subject to the variations set out on the first three (3) pages of
Schedule X. For greater certainty, the amount referred to in Section 10.2(f) of
the Provisions is Cdn.$3,500.00. To the extent that there is any inconsistency
between a provision of this Agreement (other than the Provisions) and a
provision of the Provisions, the provision of this Agreement (other than the
Provisions) shall govern. 

13.15  Exercise of Discretion

The Agent and the Lenders acknowledge and agree that, with
respect to the exercise of any discretion provided to any one or more of them in
this Agreement and the Documents, the Agent and each applicable Lender will at
the relevant time exercise any such discretion afforded to it or them, as
applicable, in a reasonable manner in the relevant circumstances. 

- 131 -

13.16  Original Agreement

This Agreement replaces and supersedes the Original Agreement
and no party hereto shall have any further right or liability under the Original
Agreement. 

[SIGNATURE PAGES FOLLOW]

The parties have executed this Agreement as of the day and year
first written above.

	SUNOPTA INC. 	By: 	 	/s/ Chris Snowden 
	2838 Bovaird Drive West 	Name: 	 	Chris Snowden 
	Brampton, Ontario L7A 0H2 	Title: 	 	Vice President and Treasurer
  
	Attention: Chief Financial Officer 	  	 	  
	Fax: (905) 455-2529 	  	 	  
	  	  	 	  
	SUNOPTA LP 	By: 	 	/s/ Eric Davis 
	By: 1510146 Ontario Inc., its General Partner 	Name: 	 	Eric Davis 
	  	Title: 	 	Vice President 
	  	  	 	  
	  	  	 	  
	SUNOPTA FOOD GROUP LLC 	By: 	 	/s/ Eric Davis 
	  	Name: 	 	Eric Davis 
	  	Title: 	 	Vice President 
	  	  	 	  
	  	  	 	  
	1510146 ONTARIO INC. 	By: 	 	/s/ Eric Davis 
	  	Name: 	 	Eric Davis 
	  	Title: 	 	Vice President 
	  	  	 	  
	  	  	 	  
	3060385 NOVA SCOTIA COMPANY 	By: 	 	/s/ Eric Davis 
	  	Name: 	 	Eric Davis 
	  	Title: 	 	Vice President 
	  	  	 	  
	  	  	 	  
	7599153 CANADA INC. 	By: 	 	/s/ Eric Davis 
	  	Name: 	 	Eric Davis 
	  	Title: 	 	Vice President 
	  	  	 	  
	  	  	 	  
	SUNRICH LLC 	By: 	 	/s/ Chris Snowden 
	  	Name: 	 	Chris Snowden 
	  	Title: 	 	Vice President and Treasurer
  
	  	  	 	  
	  	  	 	  
	SUNOPTA FRUIT GROUP INC. 	By: 	 	/s/ Chris Snowden 
	  	Name: 	 	Chris Snowden 
	  	Title: 	 	Vice President and Treasurer
  
	  	  	 	  
	  	  	 	  
	SUNOPTA ASEPTIC, INC. 	By: 	 	/s/ Chris Snowden 
	  	Name: 	 	Chris Snowden 
	  	Title: 	 	Vice President and Treasurer
  

- 2 - 

	SUNOPTA LLC 	By: 	 	/s/ Chris Snowden 
	  	Name: 	 	Chris Snowden 
	  	Title: 	 	Vice President and Treasurer
  
	  	  	 	  
	  	  	 	  
	SUNOPTA GLOBAL ORGANIC INGREDIENTS 	By: 	 	/s/ Eric Davis 
	  	Name: 	 	Eric Davis 
	  	Title: 	 	Vice President 
	  	  	 	  
	  	  	 	  
	SUNOPTA INGREDIENTS, INC. 	By: 	 	/s/ Eric Davis 
	  	Name: 	 	Eric Davis 
	  	Title: 	 	Vice President 
	  	  	 	  
	  	  	 	  
	SUNOPTA HOLDINGS INC. 	By: 	 	/s/ Eric Davis 
	  	Name: 	 	Eric Davis 
	  	Title: 	 	Vice President 
	  	  	 	  
	  	  	 	  
	DAHLGREN & COMPANY, INC. 	By: 	 	/s/ Eric Davis 
	  	Name: 	 	Eric Davis 
	  	Title: 	 	Vice President 
	  	  	 	  
	  	  	 	  
	SUNOPTA DE MEXICO, S. DE R.L. DE C.V. 	By: 	 	/s/ Chris Snowden 
	  	Name: 	 	Chris Snowden 
	  	Title: 	 	Vice President and Treasurer
  
	  	  	 	  
	  	  	 	  
	SERVICIOS SUNOPTA, S. DE R.L. DE C.V. 	By: 	 	/s/ Chris Snowden 
	  	Name: 	 	Chris Snowden 
	  	Title: 	 	Vice President and Treasurer
  

- 3 - 

	BANK OF MONTREAL 	By: 	 	/s/ James De Giacomo 
	in its capacity as Agent 	Name: 	 	James De Giacomo 
	c/o Agent Bank Services 	Title: 	 	Director, Syndications 
	234 Simcoe Street 	  	 	  
	Toronto, Ontario 	  	 	  
	M5T 1T4 	  	 	  
	(as Agent for the Lenders to SunOpta) 	By: 	 	  
	  	Name: 	 	  
	Attention: Manager, Agent Bank Services 	Title: 	 	  
	Fax: (416) 598-6218 	  	 	  
	  	  	 	  
	BANK OF MONTREAL 	By: 	 	/s/ Gary Karges 
	in its capacity as Lender 	Name: 	 	Gary Karges 
	Asset Based Lending 	Title: 	 	Director 
	100 King Street West 	  	 	  
	11th Floor 	  	 	  
	Toronto, Ontario 	  	 	  
	M5X 1A1 	By: 	 	/s/ James Di Giacomo 
	Attention: Director 	Name: 	 	James Di Giocomo 
	Fax: (416) 643-4249 	Title: 	 	Director, Loan Syndications

	  	  	 	  
	  	  	 	  
	BANK OF MONTREAL 	By: 	 	/s/ Larry Allan Swiniarski 
	(Chicago Branch) 	Name: 	 	Larry Allan Swiniarski 
	in its capacity as Lender 	Title: 	 	Vice President, Chicago Branch
  
	12th Floor, West 	  	 	  
	115 South Lasalle Street 	  	 	  
	Chicago, Illinois 	  	 	  
	60603 	By: 	 	  
	  	Name: 	 	  
	Attention: Account Manager 	Title: 	 	  
	Fax: 312-750-6057 	  	 	  

- 4 - 

	EXPORT DEVELOPMENT CANADA 	By: 	 	/s/ Andrew Baechler 
	in its capacity as Lender 	Name: 	 	Andrew Baechler 
	151 O'Connor Street 	Title: 	 	Financing Manager 
	Ottawa, Ontario 	  	 	  
	K1A 1K3 	  	 	  
		By: 	 	/s/ Robert Pelletier 
	Attention: Loans Services 	Name: 	 	Robert Pelletier 
	Fax: 613-598-2514 	Title: 	 	Financing Manager 
	  	  	 	  
	RABOBANK NEDERLAND CANADIAN BRANCH 	By: 	 	/s/ Angelos Karistinos 
	in its capacity as Lender 	From: 	 	Angelos Karistinos 
	95 Wellington Street West 	Title: 	 	Vice President and Senior 
	Suite 1830, P.O. Box 38 	  	 	Credit Analysis 
	Toronto, Ontario 	  	 	  
	M5J 2N7 	By: 	 	/s/ Jason Hoogenboom 
	  	From: 	 	Jason Hoogenboom 
	Attention: Vice President 	Title: 	 	Vice President 
	Fax: 416-941-9750 	  	 	  

SCHEDULE A 

ADDITIONAL OBLIGOR COUNTERPART

	TO: 	Each of the Lenders under the
      “Credit Agreement” (as defined below) 
	  	  
	AND TO: 	Bank of Montreal as Agent 
	  	  
	
      RE: 
	
      Sixth amended and restated credit agreement made as of
      December 20, 2010 among SunOpta Inc. and SunOpta Food Group LLC as
      borrowers (the “Borrowers”), each of the institutions from time to
      time parties thereto as lenders (the “Lenders”), certain affiliates
      of the Borrowers as obligors (the “Obligors”) and Bank of Montreal
      (as “Agent”) (as the same may be amended, varied, supplemented,
      restated, amended and restated, renewed or replaced at any time and from
      time to time the “Credit Agreement”) 

For value received, the undersigned [insert name of
Additional Obligor] (the “Additional Obligor”) hereby agrees as
follows: 

	1. 	
      Definitions. All capitalized terms not otherwise
      defined herein shall have the respective meanings set forth in the Credit
      Agreement.

	 	 	 
	2. 	
      Adherence. The Additional Obligor, by its
      execution of this agreement, hereby acknowledges, consents and adheres to
      the provisions of the Credit Agreement and confirms and agrees that the
      Additional Obligor is, from and as of the date hereof, an Obligor for
      purposes of the Credit Agreement and the Documents. For greater certainty,
      the Additional Obligor agrees to be bound by all of the provisions of the
      Credit Agreement as if an original party thereto as an Obligor.

	 	 	 
	3. 	
      Representations and Warranties. The Additional
      Obligor, as of the date hereof in respect of itself only, makes the
      representations and warranties of the Obligors contained in the Credit
      Agreement and in the Documents to which it is or will become a party
      pursuant to Section 5 hereof.

	 	 	 
	4. 	
      Covenants. The Additional Obligor, as of the date
      hereof in respect of itself only, makes the covenants of the Obligors
      contained in the Credit Agreement and in the Documents to which it is a
      party.

	 	 	 
	5. 	
      Security Documents. The Additional Obligor agrees
      to execute and deliver a guarantee and postponement of claim unlimited as
      to amount supported by:

	 	 	 
		(a) 	
      a general security agreement creating a security interest
      in all of its personal property, assets and undertaking, including
      securities (or the equivalent) registered in every location where it has
      assets;

- 2 -

	 	(b) 	
      a mortgage and/or debenture creating a fixed charge on
      all its real property registered against title to each such property;
      and

	 	 	 
	 	(c) 	
      such other security documents as the Lenders may
      require,

in each case, in form and substance
satisfactory to the Agent.

	6. 	
      Further Assurances. The Additional Obligor shall
      from time to time promptly, upon the request of the Agent, take or cause
      to take such action, and execute and deliver such further documents as may
      be reasonably necessary or appropriate to give effect to the provisions
      and intent of this agreement and the Documents.

	 	 
	7. 	
      Counterparts. This agreement may be executed in
      several counterparts, each of which, when so executed, shall be deemed to
      be an original and which counterparts together shall constitute one and
      the same agreement. This agreement may be executed by facsimile, PDF or
      other electronic signature, and any signature contained hereon by
      facsimile, PDF or other electronic signature shall be deemed to be
      equivalent to an original signature for all purposes.

	 	 
	8. 	
      Governing Law. This agreement shall be governed by
      and construed according to the law of the Province of Ontario (without
      regard to principles of conflicts of laws) and may not be waived, amended,
      released or otherwise changed except by a writing signed by the Agent and
      the Additional Obligor. This agreement and every part thereof shall be
      effective upon delivery to the Agent, without further act, condition or
      acceptance by the Lenders, shall be binding upon the Additional Obligor
      and upon the successors and permitted assigns of the Additional Obligor,
      and shall inure to the benefit of the Agent, the Lenders and their
      respective legal representatives, successors, and assigns. The Additional
      Obligor hereby submits to the nonexclusive jurisdiction of the Province of
      Ontario for purposes of all legal proceedings arising out of or relating
      to this agreement. The Additional Obligor irrevocably waives, to the
      fullest extent permitted by law, any objection which it may now or
      hereafter have to the laying of the venue of any such proceeding brought
      in such a court and any claim that any such proceeding brought in such
      court has been brought in an inconvenient forum.

[SIGNATURE PAGE FOLLOWS]

- 3 - 

In witness whereof the undersigned has executed this
counterpart the ___________day of _______________, _______________. 

[Name of Additional Obligor]

By:
___________________________________
        
Name:  
        
Title:   

By:
___________________________________
        
Name:  
        
Title:   

I/we have authority to bind the
corporation 

Acknowledged and accepted the _______day of ________________,
_____________. 

Bank of Montreal 
in its capacity as Agent 

By:
___________________________________
        
Name:  
        
Title:   

By:
___________________________________
        
Name:  
        
Title:   

SCHEDULE B 

BORROWERS’/OBLIGORS’ ACCOUNTS AT DECEMBER 20,
2010

Bank of Montreal

	  	ABA# or 	  	  	  
	Name 	Transit # 	Account # 	Currency 	Purpose 
	  	  	  	  	  
	SunOpta Inc. 	XXXX 	XXXX 	CAD 	Swing Line
      Account 
	SunOpta Inc. 	XXXX 	XXXX 	CAD 	Swing Line Account 
	SunOpta Inc. 	XXXX 	XXXX 	USD 	Blocked
      Concentration - ZBA to XXXX 
	SunOpta Inc. 	XXXX 	XXXX 	CAD 	Blocked Concentration - ZBA to
      XXXX 
	SunOpta Inc. 	XXXX 	XXXX 	CAD 	Disbursement
  
	SunOpta Inc. 	XXXX 	XXXX 	CAD 	Disbursement 
	SunOpta Inc. 	XXXX 	XXXX 	USD 	Disbursement
  
	SunOpta Inc. o/a Purity Life Health Products
    	XXXX 	XXXX 	CAD 	Blocked - ZBA to XXXX 
	SunOpta Inc. o/a Purity Life
      Health Products 	XXXX 	XXXX 	USD 	Blocked - ZBA to
      XXXX 
	1510146 Ontario Limited 	XXXX 	XXXX 	USD 	Disbursement 
	SunOpta Inc. o/a Kettle
      Valley Dried Fruit 	XXXX 	XXXX 	USD 	Blocked - ZBA to
      XXXX 
	SunOpta Inc. o/a Kettle Valley Dried Fruit
	XXXX 	XXXX 	CAD 	Blocked - ZBA to XXXX 
	SunOpta Inc. o/a Kettle
      Valley Dried Fruit 	XXXX 	XXXX 	USD 	Blocked - ZBA to
      XXXX 

Harris N.A.

	  	ABA# or 	  	  	  
	Name 	Transit # 	       Account #
    	Currency 	       
       Future Purpose 
	  	  	  	  	  
	SunOpta Food Group Operating
      Acct 	XXXX 	XXXX 	USD 	Disbursement
  
	SunOpta Holdings Inc. 	XXXX 	XXXX 	USD 	Disbursement 
	SunOpta LP 	XXXX 	XXXX 	USD 	Disbursement
  
	SunOpta LLC 	XXXX 	XXXX 	USD 	Disbursement 
	SunOpta Food Group LLC 	XXXX 	XXXX 	USD 	Blocked
      Concentration 
	SunOpta Food Group LLC 	XXXX 	XXXX 	EUR 	Disbursement 
	SunOpta Food Group LLC 	XXXX 	XXXX 	MXN 	Disbursement
  
	SunOpta Food Group LLC 	XXXX 	XXXX 	USD 	Disbursement 
	SunOpta Food Group LLC 	XXXX 	XXXX 	USD 	Disbursement
  
	SunOpta Inc 	XXXX 	XXXX 	USD 	Disbursement 
	3060385 Nova Scotia Co. 	XXXX 	XXXX 	USD 	Disbursement
  
	Dahlgren’s 	XXXX 	XXXX 	USD 	ZBA – XXXX 
	Dahlgren’s 	XXXX 	XXXX 	USD 	ZBA – XXXX 
	Dahlgren’s 	XXXX 	XXXX 	USD 	ZBA – XXXX 
	Dahlgren’s 	XXXX 	XXXX 	USD 	ZBA – XXXX
  

SCHEDULE C 

BUSINESS AND OPERATIONS 

SunOpta Inc. 

	Locations 	Nature of Operation
    
	Corporate 	  

	2838 Bovaird Drive West 	Corporate Office, SunOpta Bio Process Group
      Operation, 
	Brampton, Ontario
      L7A 0H2 	SunOpta
      Organics, 7599153 Canada Inc. (Formerly Drive 
	  	Organics Corporation) 

Natural Health Products & Kettle Valley Canada

	4 Commerce Crescent 	Warehouse and Distribution facility for Purity Life
      Health 
	Acton, Ontario 	Products 
	  	  
	6 Commerce Crescent
    	Head
      office, warehouse and distribution facility for Purity Life 
	Acton, Ontario 	Health Products 
	  	  
	8 Commerce Crescent
    	Warehouse and Distribution facility for Purity Life Health
  
	Acton, Ontario 	Products 
	  	  
	501 Harris Street
	Manufacturing facility for Purity Life Health Products 
	Rockwood, Ontario 	  
	  	  
	87 Sinclair Blvd 	Neo
      Nutritionals 
	Brantford, Ontario N3S 7X6 	  
	  	  
	888 West Kent Avenue
      South 	Warehouse and Distribution facility for Purity Life Health
  
	Vancouver, BC 	Products 
	  	  
	25 Van Kirk Drive
	Kettle
      Valley Head office 
	Brampton ON L7A 1A6 	  
	  	  
	14014 Hwy 97N 	Satellite Office Kettle Valley Dried Fruit 
	Summerland, British
      Columbia 	 
    
	V0H 1Z0 	  

- 2 - 

	1511046 Ontario Inc. 	  
	 	 
	2838 Bovaird Drive
      West 	General Partner 
	Brampton, Ontario L7A 0H2 	  
	 	 
	3060385 Nova Scotia Company 	  
	 	 
	1959 Upper Water St.
    	Investor 
	Ste. 700 	  
	Halifax, Nova Scotia B3J 3E5 	  
	 	 
	SunOpta LP 	  
	 	 
	3824-93rd St. SW 	Investor 
	Hope, Minnesota 56046-0128 	  
	 	 
	SunOpta LLC 	  
	 	 
	3824-93rd St. SW 	Investor 
	Hope, Minnesota 56046-0128 	  
	 	 
	SunOpta Holdings Inc 	  
	 	 
	160 Green Tree Drive
    	US holding company 
	Suite 101 	  
	Dover, Delaware 19904 	  
	 	 
	SunOpta Food Group LLC 	  
	 	 
	160 Green Tree Drive
    	US holding company for U.S. operating companies 
	Suite 101 	  
	Dover, Delaware 19904 	  
	 	 
	Sunrich LLC 	  
	 	 
	3824 – 93rd St. S.W
    	Facility focused on the handling and processing of organic
      and 
	Hope, Minnesota 56046-0128 	non-GMO grains 
	 	 
	616 – 6th Avenue W.
    	Organic dry corn milling facility 
	Cresco, Iowa 52136 	  
	 	 
	100 5th Avenue East
    	Grain Elevator 
	Ellendale, Minnesota 56026 	  

- 3 -

	1971 354th Street 	H.O., processing and warehousing facility 
	Breckenridge,
      Minnesota 	 
    
	56520 	  
	 	  
	1701 Industrial Loop
    	Processing and warehousing facility 
	Goodland, Kansas 67735 	  
	 	  
	124 S. Mill Ave,
      P.O. Box 428 	Grain
      Elevator 
	Blooming Prairie, MN 55917 	  
	 	  
	4111 30th Ave. S.
	Facility focused on the handling and processing of organic and
    
	Moorhead, MN 56260 	non GMO grains 
	 	  
	5850 Opus Parkway
	Offices
    
	Suite 150 &
      Suite 210 	 
    
	Minnetonka, MN 55343 	  
	 	  
	227 North 6th Street
    	Sales
      Office 
	Breckenridge, MN 	  
	 	  
	SunOpta Aseptic Inc. 	  
	 	  
	199 W. 2nd Avenue
	17,200
      square feet of manufacturing, storage and office space used 
	Afton, Wyoming 83110 	for production of soymilk concentrate 
	 	  
	3035 Evergreen Lane
      S. 	Warehouse facility 
	Alexandria, Minnesota 56308 	  
	 	  
	4601 Co. Road 13
      N.E. 	Warehouse for storage of finished goods. 
	Alexandria, Minnesota 56308 	  
	 	  
	601 – 3rd Avenue W.
    	Facility produces soymilk concentrate dietary fiber and
      specialty 
	Alexandria, Minnesota 56308 	dairy products 
	 	  
	SunOpta Aseptic Inc.
    	Head
      Office Aseptic processing and packaging facility 
	3915 Minnesota
      Street 	 
    
	Alexandria MN 56308 	  
	 	  
	SunOpta Aseptic Inc.
    	Aseptic
      Processing 
	26 Annette Street
	 
    
	Heuvelton NY 13654 	  
	 	  
	SunOpta Aseptic Inc.
    	Aseptic
      Processing 
	555 Mariposa Road CA 95354 	  

- 4 - 

	Dakota Gourmet 	Further Processing Packaging 
	896 22nd Avenue
      North 	 
    
	Wahpeton ND 58075 	  
	  	  
	SunOpta Ingredients Inc. 	  
	  	  
	1001 South Cleveland
      Street 	Oat
      Fiber production facility 
	Cambridge, Minnesota 55008 	  
	  	  
	1401 Locust Street
    	Oat
      Fiber production facility 
	Louisville, Kentucky 40206 	  
	  	  
	701 West 6th Street
    	Starch-based products and Ingredient Systems production
      facility 
	Galesburg, Illinois 61401 	  
	  	  
	1050 Wenig Road, NE
    	Oat
      Fiber production facility 
	Cedar Rapids Iowa 52402 	  
	  	  
	308 – 2nd Avenue
      N.W. 	Facility is shut down. 
	Bertha, Minnesota 56437 	  
	  	  
	710 W. 1st Street
	Facility used for the production of a natural food
      preservative and 
	Fosston, Minnesota 56542 	drying of certain food products 
	 	 
	100 Apollo Drive 	Head
      Office 
	Chelmsford, MA 01824 	  
	  	  
	1445 Knox Road 	Blending Facility 
	Highway 32 	 
    
	Galesburg IL 61401 	  
	  	  
	725 Third Ave South
      East 	Blending Facility 
	Cambridge MN 55008 	  
	  	  
	SunOpta Fruit Group Inc. 	  
	  	  
	12128 Center Street
    	Head
      Office. and processing facility 
	South Gate, California 90280 	  
	  	  
	6571 Altura Blvd 	Head
      Office 
	Suite 200 	 
    
	Buena Park, California 90620. 	  
	  	  
	6220 Descanso Street
    	Processing Facility 
	Buena Park California 90621 	  
	  	  
	1124 E. 5th Ave. 	Omak Processing facility for Kettle Valley Dried
      Fruit 

- 5 - 

	Omak, WA 98841 	  
	  	  
	Romualdo Gallardo
      S/N COL. 	Processing Facility 
	Lucio Blanco C.P.
      22710 	  
	Parkue Industrial Rosarito 	  
	  	  
	Camino a las Animas
      911 	Processing Facility 
	Irapuato,
      Guanajuato, Mexico, 	  
	C.P. 36540 	  
	  	  
	950 Technology way
    	Sales Office for Hess Food Group 
	Suite 120 	  
	Libertyville IL 60048 	  
	  	  
	International Sourcing and Trading 	 
	  	  
	335 Spreckels Dr 	Head office for Organic Ingredients, Organic trading and
      private 
	Suite F 	label business, SunOpta Global Organic Ingredients, Inc.
  
	Aptos, California 95003 	  
	  	  
	4705 Brookhollow
      Circle 	Co pack 
	Riverside CA 92509 	  
	  	  
	Tradin Organics 	  
	  	  
	Prins Hendrikkade 14
      1012 TL 	Head Office for Tradin Organics 
	Amsterdam, The Netherlands 	  
	  	  
	Tradin Organics USA 	  
	  	  
	Tradin Organics USA
      Inc. 	US Head Office for Tradin Organics 
	Three Corporate
      Drive # 218 	  
	Shelton, CT 06484 	  
	  	  
	Dahlgren & Company, Inc. 	  
	  	  
	1220 Sunflower
      Street 	Head office for Dahlgren & Company, Inc. 
	Crookston, MN 56716 	Main Processing, Packaging &
      Roasting Facilities 
	  	  
	410 South Railroad
      Avenue 	Receiving & Storage Facility 
	Grace City, North
      Dakota 	  
	58445 	  
	  	  
	3901 15th Avenue NW
    	Receiving, Processing & Storage Facility 
	Fargo, ND 58102 	  
	  	  
	35963 US Highway 12 	Receiving & Storage Facility
  

- 6 -

	Ipswich, SD 

SCHEDULE D

GOVERNMENTAL APPROVALS

None.

SCHEDULE E

LITIGATION

As of December 10th 2010

	1. 	
      Vargas Class Action Litigation: Hours
      and Wages claim

	 	 
		
      A class action case alleging violation of
      California laws relating to payment for overtime, scheduling of
      meal other breaks, and related claims was filed against the Company in
      2008. A preliminary settlement has been reach in which the Company will
      pay up to $1.2 MM to a class of current and former wage and
      hour employees of the Company’s subsidiaries (and those
      subsidiaries predecessor-in-interest) in exchange for a release of all
      hour and wage claims that were alleged, or could be alleged, against the
      Company and its subsidiaries in California for the period 2004 through
      January 2010.

	 	
       

		STATUS: The settlement is pending
      preliminary approval by a California court.
	 	 
	2. 	
      Colorado Mills

	 	 
		
      Colorado Mills and Sunrich entered into a joint
      venture agreement relating to the sale of crude oil manufactured by
      Colorado Mills and the refining of that oil at a facility built and
      financed by Sunrich. Colorado Mills disputes a crude oil pricing term in
      the joint venture agreement and elevated the controversy into litigation
      by filing a claim for $5.1 million against Sunrich. Sunrich has answered
      the lawsuit and has filed filed various counterclaims

	 	 
		
      Colorado Mills worked with an outside creditor of the
      joint venture to put the joint venture business into involuntary
      bankruptcy, which stayed the state court dissolution action. A separate
      arbitration proceeding relating the claims between Sunrich and Colorado
      Mills is ongoing.

	 	 
		
      STATUS: An arbitration hearing is
      scheduled for July 2011. A motion to dismiss the bankruptcy proceeding is
      pending. The Company has also had some discussions with the
      court-appointed trustee about winding down the joint venture business
      through a sale of its assets to Sunrich. We believe their claim is without
      merit.

	 	 
	3. 	
      Lassen Canyon Nursery

	 	 
		
      Lassen Canyon Nursery has sued Richard Schumaker an
      alleged former agent of Cleugh’s and SunOpta Fruit Group for $464,000 plus
      punitive damages related to a 2007 receivable issue. The suit is without
      merit against SunOpta, as the Company never had direct contract with
      Lassen Canyon Nursery.

	 	 
		
      STATUS: The Company filed a summary
      judgment motion seeking dismissal of all claims against SunOpta and its
      related companies. The Court recently granted the Company’s motion and has
      now dismissed the case. The Company is considering whether to enforce an
      attorney’s fees claim against Lassen Canyon
Nursery.

SCHEDULE F 

UNPAID TAXES

All amounts due for income tax purposes have been paid or
accrued.

SCHEDULE G 

SUBSIDIARIES

	1.        SunOpta
      Inc. 	  	  
	1510146 Ontario Inc. 	(Wholly Owned Subsidiary) 	(Direct) 
	Servocious SunOpta S. DE R.L. DE C.V.
    
	(Wholly Owned Subsidiary)
    
	(99%Direct
      
1%Indirect) 
	SunOpta de Mexico S. DE R.L. DE C.V. 
	(Wholly Owned Subsidiary) 
	(99%Direct 
1%Indirect) 
	SunOpta LP 	(Wholly Owned Subsidiary) 	(Indirect) 
	3060385 Nova Scotia Company 	(Wholly Owned Subsidiary) 	(Indirect) 
	SunOpta LLC 	(Wholly Owned Subsidiary) 	(Indirect) 
	SunOpta Holdings Inc. 	(Wholly Owned Subsidiary) 	(Direct) 
	SunOpta Food Group LLC 	(Wholly Owned Subsidiary) 	(Indirect) 
	SunOpta Aseptic, Inc. 	(Wholly Owned Subsidiary) 	(Indirect) 
	Sunrich LLC 	(Wholly Owned Subsidiary) 	(Indirect) 
	Dahlgren and Company, Inc. 	(Wholly Owned Subsidiary) 	(Indirect) 
	Colorado Sun Oil Processing LLC 	(50% Ownership – Common Shares)
    	(Indirect) 
	SunOpta Ingredients Inc. 	(Wholly Owned Subsidiary) 	(Indirect) 
	SunOpta Global Organic Ingredients Inc. 	(Wholly Owned Subsidiary) 	(Indirect) 
	SunOpta Fruit Group LLC 	(Wholly Owned Subsidiary) 	(Indirect) 
	SunOpta Bio Process Inc. 	(18% Ownership – Common Shares)
    	(Indirect) 
	SunOpta BioProcess USA Inc. 	(18% Owned Subsidiary – CommonShares)  	(Indirect) 
	Mascoma Canada Inc. 	(18% Owned Subsidiary –
      CommonShares)  	(Indirect) 
	Mascoma Corporation 	(18% Owned Subsidiary – CommonShares)  	(Direct) 
	Sun Reach Investments Ltd. 	(18% Owned Subsidiary –
      CommonShares)  	(Indirect) 
	American Advanced Biofuels Company 	(18% Owned Subsidiary – CommonShares)  	(Indirect) 
	7599153 Canada Inc. (formerly Drive
      Organics Corp.) 	(Wholly Owned Subsidiary) 	(Direct) 
	SunOpta Investments Inc. 	(Wholly Owned Subsidiary) 	(Direct) 
	Easton Minerals Limited 	(32% Ownership-Common Shares)
    	(Direct) 
	SunOpta Africa (Propietary) Limited 	(Wholly Owned Subsidiary) 	(Direct) 
	Opta Minerals Inc. 	(66.4% Ownership-Common
    Shares) 	(Direct) 
	Opta Minerals A.B. 	(66.4% Ownership-Common Shares) 	(Indirect) 
	Opta Minerals A.S. 	(66.4% Ownership-Common
    Shares) 	(Indirect) 
	MCP MB Serbien SAS 	(44.6% Ownership-Common Shares) 	(Indirect)

- 2 - 

	Opta Minerals (USA) Inc. 	(66.4% Ownership-Common
    Shares) 	(Indirect) 
	MTI 01 – 2006 Inc. 	(66.4% Ownership-Common
    Shares) 	(Indirect) 
	Magnesium Technologies Corporation 	(66.4% Ownership-Common
    Shares) 	(Indirect) 
	OPM 01 – 2006 Inc. 	(66.4% Ownership-Common
    Shares) 	(Indirect) 
	Bimac Inc. 	(66.4% Ownership-Common
    Shares) 	(Indirect) 
	Virginia Materials Inc. 	(66.4% Ownership-Common
    Shares) 	(Indirect) 
	International Materials & Supplies,
      Inc. 	(66.4% Ownership-Common
    Shares) 	(Indirect) 
	Temisca Inc. 	(66.4% Ownership-Common
    Shares) 	(Indirect) 
	Newco A.S. 	(66.4% Ownership-Common
    Shares) 	(Indirect) 
	Cooperatie SunOpta U.A. 
	(Wholly Owned Subsidiary)
    
	(99%Direct 
1%Indirect)
  
	The Organic Corporation B.V. 	(Wholly Owned Subsidiary) 	(Indirect) 
	Holland Business Winged-ox Food Co. Ltd.
	(Wholly Owned Subsidiary) 	(Indirect) 
	Selet Hulling Plc. 	(35% Ownership-Common Shares)
    	(Indirect) 
	Trabocca B.V. 	(65% Ownership-Common Shares)
    	(Indirect) 
	Supreme Smallholders Coffee Plc 	(33.8% Ownership-Common
    Shares) 	(Indirect) 
	Internamtrade B.V. 	(Wholly Owned Subsidiary) 	(Indirect) 
	Nungesser GmbH 	(30% Ownership-Common Shares)
    	(Indirect) 
	Tradin Organics USA Inc. 	(Wholly Owned Subsidiary) 	(Indirect) 
	Tradin Organic Agriculture B.V. 	(Wholly Owned Subsidiary) 	(Indirect) 
	 	 	 
	2.        SunOpta
      Holdings Inc. 	  	  
	SunOpta Food Group LLC 	(Wholly Owned Subsidiary) 	(Direct) 
	SunOpta Aseptic, Inc. 	(Wholly Owned Subsidiary) 	(Indirect) 
	Sunrich LLC 	(Wholly Owned Subsidiary) 	(Indirect) 
	Dahlgren and Company, Inc. 	(Wholly Owned Subsidiary) 	(Indirect) 
	Colorado Sun Oil Processing LLC 	(50% Ownership – Common Shares)
    	(Indirect) 
	SunOpta Ingredients Inc. 	(Wholly Owned Subsidiary) 	(Indirect) 
	SunOpta Global Organic Ingredients, Inc.
	(Wholly Owned Subsidiary) 	(Indirect) 
	SunOpta Fruit Group LLC 	(Wholly Owned Subsidiary) 	(Indirect)

- 3 - 

	3.        SunOpta
      Food Group LLC 	  	  
	SunOpta Aseptic, Inc. 	(Wholly Owned Subsidiary) 	(Direct) 
	Sunrich LLC 	(Wholly Owned Subsidiary) 	(Direct) 
	Colorado Sun Oil Processing LLC 	(50% Ownership – Common Shares) 	(Indirect) 
	Dahlgren and Company, Inc. 	(Wholly Owned Subsidiary) 	(Indirect) 
	SunOpta Ingredients Inc. 	(Wholly Owned Subsidiary) 	(Direct) 
	SunOpta Fruit Group LLC 	(Wholly Owned Subsidiary) 	(Direct) 
	SunOpta Global Organic Ingredients, Inc. 	(Wholly Owned Subsidiary) 	(Direct) 
	 	  	  
	4.        Sunrich
      LLC 	  	  
	Colorado Sun Oil Processing LLC 	(50% Ownership – Common Shares)
    	(Direct) 
	Dahlgren’s and Company, Inc. 	(Wholly Owned Subsidiary) 	(Direct) 
	 	  	  
	5.        SunOpta
      LP 	  	  
	3060385 Nova Scotia Company 	(Wholly Owned Subsidiary) 	(Direct) 
	SunOpta LLC 	(Wholly Owned Subsidiary) 	(Indirect) 
	 	  	  
	6.        3060385
      Nova Scotia Company 	  	  
	SunOpta LLC 	(Wholly Owned Subsidiary) 	(Direct)
  

SCHEDULE H 

LABOUR MATTERS

SunOpta Inc.’s Mexican Subsidiaries have unions.

SCHEDULE I 

REAL PROPERTY AND LOCATIONS OF COLLATERAL 

(* signifies more than $50K inventory on December
1st, 2010) 

SunOpta Inc.

	Owned 	  	  	  
	*2838 Bovaird Drive West 	Brampton 	ON 	L7A 0H2 
	  	  	  	  
	Leased or Public Warehouse 	  	  	  
	*4 Commerce Crescent 	Acton 	ON 	L7J 2X3 
	*6 Commerce Crescent 	Acton 	ON 	L7J 2X3 
	8 Commerce Crescent 	Acton 	ON 	L7J 2X3 
	*888 West Kent Ave. South 	Vancouver 	BC 	V6P 6Y6 
	*501 Harris Street 	Rockwood 	ON 	N0B 1K0 
	*87 Sinclair Blvd 	Brantford 	ON 	N3S 7X6 
	2525 Davie Rd. 	Davie 	FL 	33314 
	  	  	  	  
	Sunrich LLC 	  	  	  
	  	  	  	  
	Owned 	  	  	  
	*3824 SW 93rd Street 	Hope 	MN 	56046 
	*504 Commercial Street, Hwy
      30, 	Ellendale 	MN 	56026 
	*616 6th Avenue West 	Cresco 	IA 	52136 
	*4111 30th Avenue S. 	Moorhead 	MN 	56560 
	*1971 354th Street 	Breckenridge 	MN 	56520 
	*1701 Industrial Loop 	Goodland 	KS 	67735 
	*2860 Highway 24 	Edson 	KS 	67733 
	*121 3rd Street South 	Wahpeton 	ND 	58075 
	  	  	  	  
	Leased or Public
      Warehouse 	  	  	  
	227 N. 6th Street 	Breckenridge 	MN 	56520 
	*124 South Mill Avenue 	Blooming Prairie 	MN 	55917 
	5850 Opus Parkway, Suite 150 	Minnetonka 	MN 	55343 
	260 Factory Road 	Eaton 	CO 	80615 
	*26 East Sanilac Road 	Sandusky 	MI 	48471 
	*555 Mariposa Road 	Modesto 	CA 	95354 
	1510 South 2nd Street 	Cherokee 	IA 	52732 
	305 W Bellevue 	Scott City 	KS 	67871 
	*1599 FM 37 	Amherst 	TX 	79312 
	8197 Co Rd 25 	Mooreton 	ND 	58061 
	RR 4, 3963 Perth Road, 183, 	Seaforth 	ON 	N0K 1W0 
	E5904 Mill Road, P.O. Box 185
    	PLAIN 	WI 	53577 
	401 East Beech, PO Box 1155 	LAMAR 	CO 	81052 
	1155 7th St. 	OAKLAND 	CA 	94607

- 2 - 

	822 Box Butte 	Hemmingford 	NE 	69348 
	830 N. Allamakee St. 	Waukon 	IA 	52172 
	2541 Foremost Road 	PLOVER 	WI 	54467 
	3159 State Hwy 210 	Foxhome 	MN 	56543 
	2409C Griffin Parkway 	Mission 	TX 	78572 
	160527 Hwy 71 	Gehring 	NE 	69363 
	12456 Addison Avenue 	Riceville 	IA 	50466 
	3841 225th Ave. 	Breckenridge 	MN 	56250 
	16925 64th ST SE 	Walcott 	ND 	58077 
	2424 350th Street 	Breckenridge 	MN 	56520 
	15306 S Carmenita Road 	Santa Fe Springs 	CA 	90670 
	1000 Montague Avenue 	OAKLEY 	CA 	94561 
	304 South Pine River 	St. Ithaca 	MI 	48847 
	1907 14th Street 	Austin 	MN 	55912 
	960 INDUSTRIAL DRIVE 	Muscoda 	WI 	53573 
	140 HINODE-CHO, 	FUJI-SHI 	SHIZUOKA Y PREF 	
	1110 INDUSTRIAL AVE 	Oshkosh 	WI 	54901 
	110 W Railroad Ave 	Paoli 	CO 	80751 
	231 Elm Street 	PERTH AMBOY 	NJ 	08861 
	16305 Hwy 13 	Barney 	ND 	58008 
	919 S. 2nd St. 	Cherokee 	IA 	51012 
	15155 County Rd U 	Seibert 	CO 	80834 
	521 West Enterprises 	Caledonia 	MN 	55921 
	11505 38th St S 	Horace 	ND 	58047 
	Box 7 US hwy30 	Woodriver 	NE 	68883 
	2125 N Wheeler Rd. 	Snover 	MI 	48472 
	1125 W Oklahoma 	Ulysses 	KS 	67880 
	1400 N. MacArthur Drive 	Tracy 	CA 	95376 
	3400 Dowe Ave. 	Union City 	CA 	94587 
	2500 Hoover Ave. 	Stevens Point 	WI 	54956 
	2080 Rice Street 	Maplewood 	MN 	55113 
	122 Kohlman Road 	Fond du Lac 	WI 	54937 
	1956 Williams St. 	San Leandro 	CA 	94577 
	3950 Venture Court 	Columbus 	OH 	43228 
	  	  	  	  
	Dahlgren and Company, Inc. 	  	  	  
	  	  	  	  
	Owned 	  	  	  
	*1220 Sunflower Street 	Crookston 	MN 	56716 
	*3901 15th Avenue North 	Fargo 	ND 	58102 
	*410 - 440 South Railroad
      Avenue 	Grace City 	ND 	58445 
	  	  	  	  
	Leased 	  	  	  
	35963 US Hwy 12 	Ipswich 	SD 	57451 

- 3 - 

	SunOpta Aseptic,
      Inc. 	  	  	  
	  	  	  	  
	Owned 	  	  	  
	*896 22nd Ave North 	Wahpeton 	ND 	58075 
	*3915 Minnesota Street and
      2806 	Alexandria 	MN 	56308 
	Iowa Street 	  	  	  
	*26 Annette Street 	Heuvelton 	NY 	13654 
	  	  	  	  
	SunOpta Ingredients
      Group, Inc. 	  	  	  
	  	  	  	  
	Owned 	  	  	  
	*1050 Wenig Road N.E. 	Cedar Rapids 	IA 	52402 
	*701 West 6th Street 	Galesburg 	IL 	61401 
	308 2nd Ave. NW 	Bertha 	MN 	56437 
	*710 W First St. 	Fosston 	MN 	56542 
	*1001 Cleveland Ave. 	Cambridge 	MN 	55008 
	*601 Third Avenue W 	Alexandria 	MN 	56308 
	*199 West 2nd Avenue 	Afton 	WY 	83110 
	*3035 Evergreen Lane S.W. 	Alexandria 	MN 	56308 
	*4601 Co, Road 13 N.E. 	Alexandria 	MN 	56308 
	  	  	  	  
	Leased or Public Warehouse 	  	  	  
	100 Apollo Drive 	Chelmsford 	MA 	01824 
	6001 National Turnpike 	Louisville 	KY 	40206 
	309 29th Street N.E. 	Cedar Rapids 	IA 	52402 
	725 Third Ave South East 	Cambridge 	MN 	55008 
	221 Dual Boulevard 	Isanti 	MN 	55040 
	*1401 Locust Street 	Louisville 	KY 	40206 
	1445 Knox Road Highway 32 	Galesburg 	IL 	61401 
	3030 First Ave. 	Cedar Rapids 	IA 	52402 
	  	  	  	  
	SunOpta Global Organic Ingredients,
      Inc. 	  	  
	  	  	  	  
	Owned 	  	  	  
	None 	  	  	  
	  	  	  	  
	Leased 	  	  	  
	700 South Raymond Av 	Fullerton 	CA 	92631 
	3371 No. 6 Road 	Richmond 	BC 	V6V1P9 
	6444 East 26 St 	Commerce 	CA 	90040 
	204 Schreiber Industrial Park
    	New Kensington 	PA 	15068 
	12930 Alondra Blvd 	Cerritos 	CA 	90703 
	410 N Worthen 	Wenatchee 	WA 	98801 
	2840 4th St. South 	Waite Park 	MN 	56387 
	Lee and Beach Road 	Watsonville 	CA 	95076 
	901 E Street 	Wilimington 	CA 	90744 
	Lazaro Cardenas #2198 	Mexicali 	MX 	  

- 4 - 

	219 North Red River Ave. 	Cold Spring 	MN 	56320 
	4124 24th Avenue 	Forest Grove 	OR 	97116 
	17851 E. Railroad Avenu 	Industry 	CA 	91748 
	16677 Route 31 	Holley 	NY 	14479 
	431 + 735 E. Baseline 	San Bernadino 	CA 	92410 
	*100 Benitz Road 	Prosser 	WA 	99350 
	*250 Avenue B 	Grandview 	WA 	99830 
	804 Bennett Avenue 	Prosser 	WA 	99350 
	9141 Green Valley Rd 	Sebastopol 	CA 	95473 
	*Avenue C and Vanderpool 	  	NJ 	07114 
	Building 125 	Port Newark 	NJ 	07114 
	*630 East California St. 	Ontario 	CA 	91761 
	149 Plainfield St. 	CHICOPEE 	MA 	01013 
	4705 Brookhollow Circle 	Riverside 	CA 	92509 
	Storage Ave 	North Rose 	NY 	14516 
	101 Frank Adams Industr 	Federalsburg 	MD 	21632 
	2506 Terrace Heights Rd 	Yakima 	WA 	98901 
	4855 Petrified Forest R 	Calistoga 	CA 	94515 
	5300 Mountain Home Ranch Road
    	Calistoga 	CA 	5300 + 4855 
	*5821 Wilderness Ave 	Riverside 	CA 	92504 
	3300 E. Park Row Drive 	Arlington 	TX 	76010 
	8424 West 47th Street 	LYONS 	IL 	60534 
	600 N Union Ave 	Hillside 	NJ 	07205 
	1602 Island Street 	Laredo 	TX 	78041 
	*19840 Rancho Way 	Dominguez Hills 	CA 	90221 
	6050 Court Street Road 	Syracuse 	NY 	13206 
	108 East Blain Ave 	Sunnyside 	WA 	98944 
	100 West Alluvial 	Clovis 	CA 	93611 
	9545 Santa Anita Avenue 	Rancho Cucamong 	CA 	91730 
	6453 Bandini Blvd 	Commerce 	CA 	90004 
	1440 SIlverton Road 	Woodburn 	OR 	97071 
	264 Farrell Road 	Syracuse 	NY 	13209-186 
	335 Spreckels Drive 	Aptos 	CA 	95003 
	101 Taylor Road 	Romeoville 	IL 	60446 
	351 Boulder Dr 	Breinigsville 	PA 	18031 
	1420 Greenwood Rd 	McDonough 	GA 	30253 
	5445 Harold Gatty Drive 	Salt Lake City 	UT 	84127 
	8610 S. 212th St. 	Kent 	WA 	98031 
	5010 Loma Vista Ave. 	Vernon 	CA 	90058 
	352 Jet St. 	Hendersonville 	NC 	28792 
	214 Industrial Drive 	Greensville 	SC 	29607 
	104 Ave. C 	Newark 	NJ 	07114 
	888 Doremus Ave. 	Newark 	NJ 	07114 
	8876 County Hwy. 	Darien 	WI 	53114 
	2311 Touhy Ave. 	Elk Grove 	IL 	60007 
	3301 West Pershing Rd 	Chicago 	IL 	60632 

- 5 - 

	2740 West 79th St. 	Chicago 	IL 	60652 
	615 East Kankakee River 	Wilmington 	IL 	60481 
	33400 Dowee Ave 	Union City 	CA 	94587 
	9401 San Leandro St. 	Oakland 	CA 	94603 
	19840 Rancho Way 	Carson 	CA 	90745 
	3240 S Loop 	Houston 	TX 	77021 
	3 Corporate Drive #218 	Shelton 	CT 	06484 
	  	  	  	  
	SunOpta Fruit Group, Inc. 	  	  	  
	  	  	  	  
	Owned 	  	  	  
	None 	  	  	  
	  	  	  	  
	Leased or Public Warehouse 	  	  	  
	2801 Conestoga Drive 	Carson City 	NV 	89706 
	6220 Descanso Ave. 	Buena Park 	CA 	90621 
	6571 Altura Blvd., Suite 200
    	Buena Park 	CA 	90620 
	100 W Alluvial 	Clovis 	CA 	93611 
	*2100 East 55th St. 	Vernon 	CA 	90058 
	*700 S. Raymond Ave 	Fullerton 	CA 	92831 
	4100 Bandini Blvd 	Vernon 	CA 	90023 
	670 Mesquit St 	Los Angeles 	CA 	90021 
	*3420 E Vernon Ave 	Vernon 	CA 	90058 
	908 E Third St 	Oxnard 	CA 	93030 
	950 S * Rd 	Salinas 	CA 	93902 
	4224 District Blvd 	Vernon 	CA 	90058 
	1420 Coil Ave 	Wilmington 	CA 	90744 
	*901 East E St 	Wilmington 	CA 	90744 
	2101 E 31st 	Denver 	CO 	80216 
	20W 151 West 101st St 	Lemont 	IL 	60439 
	61834 E Red Arrow Hwy 	Hartford 	MI 	49057 
	1315 Sherman St 	Lake Odessa 	MI 	48849 
	10120 269th place NW 	Stanwood 	WA 	98292 
	1031 Parsonage Rd 	Seabrook 	NJ 	8302 
	1400 West Military 	McAllen 	TX 	78503 
	4321 Profit Dr 	San Antonio 	TX 	78219 
	125 Salinas Rd 	Watsonville 	CA 	95076 
	406 2nd St 	Lynden 	WA 	98264 
	2000 Pershing St 	Appleton 	WI 	54911 
	1201 Green Valley Rd Box 657 	Beaver Dam 	WI 	53916 
	2650 Forturn Dr 	Eau claire 	WI 	54703 
	*11400 W Burleigh St 	Milwaukee 	WI 	53222 
	1415 N Raymond 	Anaheim 	CA 	92801 
	  	  	  	  
	1276 Highway 1 	Moss Landing 	CA 	95039 
	*400 Cascade way 	Watsonville 	CA 	95076 
	900 East M st 	Wilmington 	CA 	90744

- 6 - 

	2356 Fleetwood Dr 	Riverside 	CA 	92509 
	449 Howard Ave 	Holland 	MI 	49424 
	700 Malaga Place 	Ontario 	CA 	91761 
	10 Glenlake Pkwy Suite 800 	Atlanta 	GA 	30328 
	10300 SE 3rd Ave 	Amarillo 	TX 	79111 
	30 Keystone dr 	Lebanon 	PA 	17042 
	*3050 E. Washington Blvd 	Los Angeles 	CA 	90023 
	698 RUE MELANCON ST 	SAINT BRUNO 	QC 	G0W 2L0 
	205 South Spring Street 	Searcy 	AR 	72145 
	1420 Greenwood Rd. 	McDonough 	GA 	30253 
	*802 Terminal Street 	San Diego 	CA 	92101 
	1240 W.28th ST 	National City 	CA 	91950 
	6800 S. Ware Rd 	McAllen 	TX 	78503 
	32610 NE 32nd St 	Carnation 	WA 	98014 
	5200 Gold spike Dr 	Forth Worth 	Tx 	97106 
	200 King Mill Rd 	McDonough 	GA 	30253 
	5787 Harold Gatty Dr 	Salt Lake City 	UT 	84116 
	5601 Mann Cr 	Laredo 	TX 	78041 
	201 Laurel Rd Suite 400 	Voorhees 	NJ 	8043 
	750 W Riverside Dr 	Watsonville 	CA 	95077 
	*901 East E St 	Wilmington 	CA 	90744 
	*4000 West Military 	McAllen 	TX 	78503 
	200 Sara Lee Rd 	Tarboro 	NC 	27886 
	*12128 Center St 	Southgate 	CA 	90280 
	9602 W Buckeye Rd 	Tolleson 	AZ 	85353 
	3100 52nd Avenue 	Sacramento 	CA 	95823 
	901 East E St 	Wilmington 	CA 	90744 
	100 w Valpico Rd 	Tracy 	CA 	95376 
	12855 North West 	Miami 	FL 	33178 
	1420 Greenwood Road 	McDonough 	GA 	30253 
	925 Cedar Street 	Honolulu 	HI 	96805 
	601 Twin Rail Dr 	Minooka 	IL 	60447 
	2055 Demarko Dr 	Vineland 	NJ 	8360 
	5150 Pulaski St 	Dallas 	TX 	75247 
	240 15th Street 	SE Puyallup 	WA 	98372 
	4718 Helgesen Dr 	Madison 	WI 	53718 
	1911 South 900 West 	Salt Lake City 	UT 	84104 
	20W 151 West 101st St 	Lemont 	IL 	60439 
	*4224 District Blvd 	Los Angeles 	CA 	90058 
	641 Alpha Drive 	Pittsburg 	PA 	15238 
	908 E 3rd St 	Oxnard 	CA 	93030 
	801 E 88th Ave Commerce City 	Henderson 	CO 	80640 
	*3185 E Washington Blvd 	Los Angeles 	CA 	90023 
	125 Walker St 	Watsonville 	CA 	95076-4926 
	400 Cascade Way 	Watsonville 	CA 	95076 
	1124 5th Ave. E. 	Omak 	WA 	98841 

- 7 - 

	401 Walters 	Moxee 	WA 	98936 
	410 North Worthen St. 	Wenatchee 	WA 	98801 
	2825 Mt. Pleasant St. #20 	Burlington 	IA 	52601 
	14014 Hwy 97 N. 	Summerland 	BC 	V0H 1Z1 
	13415 Lakeshore Dr. 	Summerland 	BC 	V0H 1Z0 
	25 Van Kirk Drive 	Brampton 	ON 	L7A 1A6 
	950 Technology Way, Suite 120
    	Libertyville 	IL 	60048 
	205 South Spring Street 	Searcy 	AR 	72143 
	20W151 West 101st Street 	Lemont 	IL 	60439 
	601 Twin Rail Road 	Minooka 	IL 	60447 
	1131 Avenue T 	Grand Prairie 	TX 	75050 
	*Carretera Irapuato- Abasolo Km 	Irapuato 	MX 	  
	5+25 	  	  	  
	310 Feneca Road 	Eugene 	OR 	97402 

SunOpta de Mexico, S. De R.L. De C.V. 

Owned 
* Camino a las Animas 911, Irapuato,
Guanajuato, Mexico, C.P. 36540 

Leased 
402 Union Pacific Milo Distribution Center
Laredo TX 78045 

Carretera Irapuato- Abasolo Km 5+25 Irapuato Mexico 

Servicios SunOpta, S. de RL de CV

Owned 
C. Romualdo Gallardo S/N COL. Lucio Blanco
C.P. 22710 Parkue Industrial Rosarito 

1511046 Ontario Inc. – No properties 
3060385 Nova
Scotia Company – No properties 
SunOpta LP – No properties

SunOpta LLC – No properties 
SunOpta Holdings Inc. – no
properties held directly 
SunOpta Food Group LLC – No properties held
directly 
7599153 Canada Inc. – No properties 

SCHEDULE J 

INTELLECTUAL PROPERTY 

Intellectual Property relating to Dahlgren & Company,
Inc.

	1. 	
      US Trademarks

	 	 	 
		(a) 	
      “DAHLGREN” expired Reg. No. 1,585,007 & assigned
      serial number 85142436.

	 	 	 
		(b) 	
      Sunflower D Logo expired Reg. No. 1,586,001 &
      assigned serial number 85142229.

	 	 	 
		
      USPTO registration applications have been filed for both
      US Trademarks on or about September 30, 2010.

	 	 	 
	2. 	
      China Trademark Registration

	 	 	 
		(a) 	
      “Dahlgren” with Sunflower D Logo Registration No. 4405010
      (Class 31) and 4411957 (Class 29).

	 	 	 
		(b) 	
      “DAHLGREN” Registration No. 4411956 (Class 29) and
      4405011 (Class 31)

	 	 	 
	3. 	
      Website domain names:

	 	 	 
		(a) 	
      www.sunflowerseed.com

	 	 	 
		(b) 	
      www.dahlgrensunflower.com

	 	 	 
	4. 	
      General off the shelf software such as Word and Excel,
      including:

	 	 	 
		(a) 	
      Windows 95, 98, 2000, XP, Vista, 7.

	 	 	 
		(b) 	
      Office suites which include Access, Excel, PowerPoint,
      Word, Outlook.

	 	 	 
		(c) 	
      Microsoft Dynamics.

	 	 	 
		(d) 	
      Citrix.

	 	 	 
	5. 	
      “Dahlgren” proprietary operations
  software.

- 2 - 

Patents and Patent Applications 

	Country 
	Title 
	Application No. 
	Application 
Date 	Registration 
No. 	Registration 
Date 
	Australia 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	2008310246 	8-Oct-08 		
	Australia 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	2008310259 	10-Oct-08 		
	Australia 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	2008310260 	10-Oct-08 		
	Brazil 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	PI 0816495-9 	8-Oct-08 		
	Brazil 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	PI 0816644-7 	10-Oct-08 		
	Brazil 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	PI0816619-6 	10-Oct-08 		
	Canada 	METHOD OF TREATMENT OF WASTE PAPER OR THE LIKE
    	2098092 	9-Dec-91 	2098092 	16-Dec-97 
	Canada 	METHOD AND APPARATUS FOR FEEDING A MASS OF
      PARTICULATE OR FIBROUS MATERIAL 	2339002 	26-Jul-99 	2339002 	7-Apr-09 
	Canada 	HYDROLYSIS PRETREATMENT REACTOR 	2673134 	17-Jul-09 	  	  
	Canada 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	2638160 	24-Jul-08 	  	  
	Canada 	METHOD/APPARATUS FOR TREATING A CELLULOSIC
      FEEDSTOCK 	2638152 	24-Jul-08 	  	  
	Canada 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	2638157 	24-Jul-08 	  	  
	Canada 	METHOD AND APPARATUS FOR TREATING A CELLULOSIC
      FEEDSTOCK 	2638159 	24-Jul-08 	  	  
	Canada 	LIVE BOTTOM FOR STORAGE TANK 	2650913 	23-Jan-09 	  	  

- 3 - 

	Country 
	Title 
	Application No. 
	Application 
Date 	Registration 
No. 	Registration 
Date 
	Canada 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	2638150 	24-Jul-08 	  	  
	Canada 	DRAWING FIBER IN DIFFERENT DIRECTIONS OUT OF
      LIVE BOTTOM 	2650919 	23-Jan-09 	  	  
	Canada 	HYDRAULIC COAXIAL FEEDER 	2672584 	17-Jul-09 	  	  
	Canada 	FEEDER OF CELLULOSIC AND/OR LIGNOCELLULOSIC
      MATERIAL 	2672674 	17-Jul-09 	  	  
	Canada 	FEEDER OF CELLULOSIC AND/OR LIGNOCELLULOSIC
      MATERIAL 	2672675 	17-Jul-09 	  	  
	Canada 	BLOW VALVE FOR AN HYDROLYSIS REACTOR 	2672659 	17-Jul-09 	  	  
	Canada 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	2701949 	8-Oct-08 	  	  
	Canada 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	2701965 	10-Oct-08 	  	  
	Canada 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	2701862 	10-Oct-08 	  	  
	Canada 	METHOD AND APPARATUS FOR THE HEAT TREATMENT OF
      A CELLULOSIC FEEDSTOCK UPSTREAM OF HYDROLYSIS 	2710254 	16-Jul-10 	  	  
	Canada 	TO BE DETERMINED 	2710265 	16-Jul-10 	  	  
	Canada 	COMPRESSION APPARATUS WITH VARIABLE SPEED SCREW
      AND METHOD 	2710475 	16-Jul-10 	  	  
	Canada 	FEEDER WITH ACTIVE FLOW MODULATOR AND METHOD
	2710632 	16-Jul-10 	  	  
	Canada 	PROCESS APPARATUS WITH OUTPUT VALVE AND
      OPERATION 	2710256 	16-Jul-10 	  	  
	China 	METHOD AND APPARATUS FOR FEEDING A MASS OF
      PARTICULATE OR FIBROUS MATERIAL 	99808583.9 	26-Jul-99 	ZL99808583.9 	29-Sep-04 

- 4 - 

	Country 
	Title 
	Application No. 
	Application 
Date 	Registration 
No. 	Registration 
Date 
	China 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	200880115213.1 	8-Oct-08 	  	  
	China 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	200880115427.9 	10-Oct-08 	  	  
	China 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	200880115424.5 	10-Oct-08 	  	  
	EU Patent Application 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	08837036.6 	8-Oct-08 	  	  
	EU Patent Application 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	08838093.6 	10-Oct-08 	  	  
	EU Patent Application 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	08837763.5 	10-Oct-08 	  	  
	Hong Kong 	METHOD AND APPARATUS FOR FEEDING A MASS OF
      PARTICULATE OR FIBROUS MATERIAL 	02102328.9 	22-Feb-02 	HK1039766 	26-Jul-99 
	India 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	2755/DELNP/201 0 	8-Oct-08 	  	  
	India 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	3013/DELNP/201 0 	10-Oct-08 	  	  
	India 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	2804/DELNP/201 0 	10-Oct-08 	  	  
	Japan 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	2010-528248 	8-Oct-08 	  	  
	Japan 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	2010-528252 	10-Oct-08 	  	  

- 5 - 

	Country 
	Title 
	Application No. 
	Application 
Date 	Registration 
No. 	Registration 
Date 
	Japan 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	2010-528253 	10-Oct-08 	  	  
	PCT Application 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	PCT/CA2008/001 784 	8-Oct-08 	  	  
	PCT Application 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	PCT/CA2008/001 804 	10-Oct-08 	  	  
	PCT Application 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	PCT/CA2008/001 805 	10-Oct-08 	  	  
	PCT Application 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	PCT/CA2009/001 032 	22-Jul-09 	  	  
	PCT Application 	METHOD/APPARATUS FOR TREATING A CELLULOSIC
      FEEDSTOCK 	PCT/CA2009/001 033 	22-Jul-09 	  	  
	PCT Application 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	PCT/CA2009/001 034 	22-Jul-09 	  	  
	PCT Application 	METHOD AND APPARATUS FOR TREATING A CELLULOSIC
      FEEDSTOCK 	PCT/CA2009/001 035 	22-Jul-09 	  	  
	PCT Application 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	PCT/CA2009/001 036 	22-Jul-09 	  	  
	PCT Application 	DRAWING FIBER IN DIFFERENT DIRECTIONS OUT OF
      LIVE BOTTOM 	PCT/CA2010/000 087 	21-Jan-10 	  	  
	PCT Application 	LIVE BOTTOM FOR STORAGE TANK 	PCT/CA2010/000 088 	21-Jan-10 	  	  
	PCT Application 	HYDROLYSIS PRETREATMENT REACTOR 	PCT/CA2010/001 091 	13-Jul-10 	  	  
	PCT Application 	FEEDER OF CELLULOSIC AND/OR LIGNOCELLULOSIC
      MATERIAL 	PCT/CA2010/001 109 	16-Jul-10 	  	  
	PCT Application 	FEEDER OF CELLULOSIC AND/OR LIGNOCELLULOSIC
      MATERIAL 	PCT/CA2010/001 112 	16-Jul-10 	  	  
	PCT Application 	BLOW VALVE FOR AN HYDROLYSIS REACTOR 	PCT/CA2010/001 111 	16-Jul-10 	  	  
	PCT Application 	HYDRAULIC COAXIAL FEEDER 	PCT/CA2010/001 110 	16-Jul-10 	  	  

- 6 - 

	Country 
	Title 
	Application No. 
	Application 
Date 	Registration 
No. 	Registration 
Date 
	Russian Federation 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	2010116359 	8-Oct-08 	  	  
	Russian Federation 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	2010117586 	10-Oct-08 	  	  
	Russian Federation 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	2010116358 	10-Oct-08 	  	  
	South Africa 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	2010/02870 	8-Oct-08 	  	  
	South Africa 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	2010/03143 	10-Oct-08 	  	  
	South Africa 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	2010/02869 	10-Oct-08 	  	  
	US 	METHOD OF TREATMENT OF WASTE PAPER WITH STEAM
    	07/624965 	10-Dec-90 	5122228 	16-Jun-92 
	US 	METHOD/APPARATUS FOR TREATING A CELLULOSIC
      FEEDSTOCK 	12/181666 	29-Jul-08 	  	  
	US 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	12/181724 	29-Jul-08 	  	  
	US 	METHOD AND APPARATUS FOR TREATING A CELLULOSIC
      FEEDSTOCK 	12/181640 	29-Jul-08 	  	  
	US 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	12/181596 	29-Jul-08 	  	  
	US 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	12/361149 	28-Jan-09 	  	  
	US 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	12/181565 	29-Jul-08 	  	  
	US 	METHOD AND APPARATUS FOR CONVEYING A CELLULOSIC
      FEEDSTOCK 	12/361103 	28-Jan-09 	  	  

- 7 - 

	Country 
	Title 
	Application No. 
	Application 
Date 	Registration 
No. 	Registration 
Date 
	US 	ENZYMATIC TREATMENT OF LIGNOCELLULOSIC
      MATERIALS 	12/247554 	8-Oct-08 	  	  
	US 	TREATMENT OF LIGNOCELLULOSIC MATERIALS
      UTILIZING DISC REFINING AND ENZYMATIC HYDROLYSIS 	12/249336 	10-Oct-08 	  	  
	US 	ENZYMATIC TREATMENT UNDER VACUUM OF
      LIGNOCELLULOSIC MATERIALS 	12/249330 	10-Oct-08 	  	  
	US 	METHOD AND APPARATUS FOR THE HEAT TREATMENT OF
      A CELLULOSIC FEEDSTOCK UPSTREAM OF HYDROLYSIS 	12/837892 	16-Jul-10 	  	  
	US 	HYDRAULIC COAXIAL FEEDER 	12/838127 	16-Jul-10 	  	  
	US 	FEEDER OF CELLULOSIC AND/OR LIGNOCELLULOSIC
      MATERIAL 	12/838094 	17-Aug-10 	  	  
	US 	FEEDER OF CELLULOSIC AND/OR LIGNOCELLULOSIC
      MATERIAL 	12/838157 	16-Jul-10 	  	  
	US 	BLOW VALVE FOR AN HYDROLYSIS REACTOR 	12/838041 	16-Jul-10 	  	  
	US 	FEEDER OF CELLULOSIC AND/OR LIGNOCELLULOSIC
      MATERIAL 	PCT/CA2010/001 109 	16-Jul-10 	  	  

Trademarks 

  	Trade-mark 	Country 	Owner 	Status 	Class 	Appl. No. 	Date Filed 	Reg. No. 	Registered Date 
	RICE UM 	Canada 	Sunrich, Inc. 	Registered 	  	1,215,718 	5/4/2004 	691,118 	6/29/2007 
	SL 	Argentina 	Sunrich, LLC d/b/a SunOpta
      Sunflower 	Pending 	29 	2910721 	04/24/09 	  	  
	SL 	Canada 	Sunrich LLC d/b/a SunOpta
      Sunflower 	Registered 		1,436,259 	4/28/2009 	776,647 	9/9/2010 
	SL 	CTM 	Sunrich, LLC d/b/a SunOpta
      Sunflower 	Pending 	29 	8234131 	04/22/09 	  	  
	SL 	Lebanon 	Sunrich, LLC d/b/a SunOpta
      Sunflower 	Registered 	29 	121865 	04/29/09 	121865 	04/29/09 
	SL 	Mexico 	Sunrich, LLC d/b/a SunOpta
      Sunflower 	Registered 	29 	1002881 	04/23/09 	1159886 	05/25/10 
	SL 	South Korea 	Sunrich, LLC d/b/a SunOpta
      Sunflower 	Pending 	29 	40-2009- 0020167 	04/30/09 	  	  
	SL 	Turkey 	Sunrich, LLC 	Registered 	29 	2009/21254 	04/28/09 	2009/21254 	04/28/99 
	SL 	Ukraine 	Sunrich, LLC d/b/a SunOpta
      Sunflower 	Pending 	29 	2009/04611 	04/22/09 	  	  
	SL 	U.S.A. 	Sunrich, LLC d/b/a SunOpta
      Sunflower 	Registered 	29 	77/604,422 	10/30/2008 	3,638,547 	6/16/2009 
	HALF SUN AND 

        DESIGN 

      	Taiwan 
	Sunrich, Inc. 
	Registered 
	25 
	83006524 
	1/16/1995 
	667017 
	1/16/1995 

	TIP 	U.S.A. 	Sunrich, LLC 	Allowed 	35,42 	85/006,183 	4/5/2010 	   	   
	SOY SUPREME 	U.S.A. 	Sunrich, LLC 	Under Examination 	05,29 	85/018,391 	4/20/2010 	  	  
	SUNRICH 	U.S.A. 	Sunrich, LLC 	Registered 	29 	77/171/058 	5/2/2007 	3,452,274 	6/24/2008 
	SUNRICH NATURALS 	U.S.A. 	Sunrich, LLC 	Registered 	29 	78/282,765 	8/4/2003 	2,869,627 	8/3/2004 
	THINK INSIDE THE SHELL 	U.S.A. 	Sunrich, LLC, dba Sunopta
      Sunflower 	Registered 	29 	76/675,286 	4/10/2007 	3,485,462 	8/12/2008 
	Half Sun and Design 

      
	U.S.A. 
	Sunrich, LLC 
	Registered 
	29 
	74/425,255 
	8/16/1993 
	1,858,738 
	10/18/1994 

	SOY UM (Stylized) 	U.S.A. 	Sunrich, LLC 	Registered 	29 	75/026,568 	11/30/1995 	2,090,523 	8/26/1997

- 2 - 

  	Trade-mark 	Country 	Owner 	Status 	Class 	Appl. No. 	Date Filed 	Reg. No. 	Registered Date 
	
      	 	 	 	 	 	 	 	 
	SUNRICH 	U.S.A. 	Sunrich, LLC 	Registered 	31 	75/744,092 	7/6/1999 	2,445,696 	4/24/2001 
	SPLASH IT UP 	Canada 	SunOpta Fruit Group, Inc. 	Allowed 		1,469,422 	2/12/2010 	  	  
	SPLASH IT UP 	Mexico 	SunOpta Fruit Group, Inc. 	Pending 	29 	1,071,236 	2/26/2010 	  	  
	SPLASH IT UP 	U.S.A. 	SunOpta Fruit Group, Inc. 	Allowed 	29 	77/885,054 	12/3/2009 	  	  
	THE ALL NATURAL BETTER BEAN 	U.S.A. 	SunOpta Fruit Group, Inc. 	Pending 	29 	85/053,422 	6/3/2010 	  	  
	FIST A TWIST 	U.S.A. 	SunOpta Fruit Group, Inc. 	Registered 	29 	77/295,009 	10/3/2007 	3,680,438 	9/8/2009 
	RESPECT FOR NATURE. PASSION FOR QUALITY 	U.S.A. 	SunOpta Fruit Group, Inc. 	Allowed 	29 	77/282,490 	9/18/2007 	  	  
	RESPECT POUR LA NATURE. PASSION POUR LA QUALITE
      	U.S.A. 	SunOpta Fruit Group, Inc. 	Allowed* 	29, 30, 32 	77/299,441 	10/9/2007 	  	  
	RESPETO A LA NATURALEZA. PASION POR LA CALIDAD
      	U.S.A. 	SunOpta Fruit Group, Inc. 	Allowed* 	29, 30, 32 	77/295,002 	10/3/2007 	  	  

* application has been abandoned but Abandonment Notice not yet
received as of December 14, 2010. 

SCHEDULE K

ENVIRONMENTAL MATTERS

The two Recognized Environmental Conditions identified in the
Phase 1 Equipment Site Assessment Report dated November 4, 2010 prepared for
Sunrich LLC and Bank of Montreal by Professional Service Industries, Inc., on
the Dahlgren & Company’s Grace City, North Dakota Real Property. 

SCHEDULE L 

MATERIAL CONTRACTS AND MATERIAL LICENSES

	1. 	
      Purchase and Sale Agreement between Stake Technology
      Ltd., and The Shareholders of Integrated Drying Systems dated May 1,
      2003.

	 	 
	2. 	
      Purchase and Sale Agreement between Stake Technology
      Ltd., Onrust Holdings Ltd., and a corporation organized under the laws of
      Canada, and Thermal Holdings Ltd., a corporation organized under the laws
      of Canada.

	 	 
	3. 	
      Agreement between the Shareholders of Sonne Labs, Inc.
      and Sunrich, Inc. dated November 25, 2003.

	 	 
	4. 	
      Asset Purchase Agreement between Sigco Sunplant, Inc. and
      Sunrich Acquisition, Inc. dated November 5, 2003.

	 	 
	5. 	
      Share Purchase Agreement between SunOpta Inc., and Paul
      Bonder, Jeff Simon and Ron Simon, and Supreme Foods Limited dated April 1,
      2004.

	 	 
	6. 	
      Asset Purchase Agreement between SunOpta Ingredients
      Inc., and General Mills Operations Inc., dated April 16, 2004.

	 	 
	7. 	
      Share Purchase Agreement between SunOpta Inc. and
      Kofman-Barenholtz Foods Limited.

	 	 
	8. 	
      Share Purchase Agreement between Organic Ingredients Inc.
      and Sunrich Food Group Inc. (now SunOpta Food Group LLC).

	 	 
	9. 	
      Underwriting Agreement between Loewen, Ondaatje,
      McCutcheon Limited, First Associates Investments Inc., Canacord Capital
      Corporation, Opta Minerals Inc. and SunOpta Inc.

	 	 
	10. 	
      Share and Asset Transfer Agreement between Opta Minerals
      Inc. as purchaser, and SunOpta Inc., as Vendor, dated as of February 7,
      2005.

	 	 
	11. 	
      Agreement for Purchase and Sale of Assets between
      Earthwise Processors, LLC and Sunrich LLC dated May 31, 2005

	 	 
	12. 	
      Share Purchase Agreement between Cleugh’s Frozen Foods,
      Inc. and SunOpta Food Group LLC.

	 	 
	13. 	
      Share Purchase Agreement between Pacific Fruit
      Processors, Inc. and SunOpta Food Group.

	 	 
	14. 	
      Asset Purchase Agreement between SunOpta Inc. and Purity
      Life Health Products Limited and Adept Inc. and Essential Phytosterolins
      Inc. and Essential Phytosterolins USA, Inc. and 2035181 Ontario Inc. and Marathon Natural
      Foods Ltd. And David Chapman and Elyse Chapman

- 2 -

	15. 	
      Membership Unit Purchase Agreement between Bill Hess and
      Marcy Hess and SunOpta Food Group LLC dated as of November 6th,
  2006

	 	 
	16. 	
      Asset Purchase Agreement between Jamieson Laboratories
      Ltd and Purity Life Health Products, a Division of SunOpta Inc.

	 	 
	17. 	
      Asset purchase agreement between SunOpta Inc, Herbon
      Naturals, Inc., Rajeb Holdings Inc., Robert Ethier and Jason Jacobs dated
      1 January 2007

	 	 
	18. 	
      Underwriting Agreement dated January 31 2007 among
      SunOpta Inc. (the “Corporation”), Canaccord Adams Inc., Canaccord Capital
      Corporation, BMO Capital Markets Corp., BMO Nesbitt Burns Inc., Desjardins
      Securities Inc., Desjardins Securities International Inc., National Bank
      Financial Inc., NBF Securities (USA) Corp. and Octagon Capital Corporation
      (collectively the “Underwriters”).

	 	 
	19. 	
      Purchase and Sales of Assets Agreement between Cleugh’s
      Frozen Foods, Inc., and Baja California Congelados, S.A. de C.V. dated May
      3, 2007

	 	 
	20. 	
      Stock Purchase Agreement made May 14, 2007 between
      Cleugh’s Frozen Foods, Inc. as Purchaser and Edward Price and Sandra
      Price, as Executrix of the Estate of Arthur Price, Deceased as
      Shareholders and an Asset Purchase Agreement, made May 14, 2007, between
      Purchaser and Congeladora Del Rio, S.A. de DV

	 	 
	21. 	
      On April 2, 2008 SunOpta Inc. acquired The Organic
      Corporation B.V., operating as Tradin Organic Agriculture B.V. (“Tradin”).
      At closing, the company paid € 6,000 (US- $9,417) and issued a promissory
      note for € 1,000 (US - $1,570), bearing interest at 7%, payable March 31,
      2010. Additional consideration payable on March 31, 2010 is the amount of
      the greater of € 8,000 (US - $12,556) or 2.5 times EBITDA (as defined in
      the Purchase and Sale Agreement.

	 	 
	22. 	
      On November 8, 2010, Sunrich LLC entered into an
      agreement to acquire the shares of Dahlgren & Company, Inc. for cash
      consideration of $44,000,000, subject to certain post- closing
      adjustments, plus an earn-out based on pre-determined EBITDA targets over
      the next two years.

	 	 
	23. 	
      On December 13, 2010, SunOpta Food Group Inc. entered
      into an agreement to acquire the assets of Edner of Nevada, Inc. for cash
      consideration of $4,000,000 plus an earn-out based on a percentage of
      revenue for the Fiscal Year 2011 through 2015.

SCHEDULE M 

NOTICE OF ADVANCE

Date:______________________

To:     Bank of Montreal as Agent

Ladies and Gentlemen: 

          The
undersigned [Name of relevant Borrower] (the “Borrower”) refers to
the sixth amended and restated credit agreement dated as of December 20, 2010
(as the same may be amended, varied, supplemented, restated, amended and
restated, renewed or replaced at any time and from time to time, the “Credit
Agreement”), among, inter alia, the Borrower, certain affiliates of
the Borrower, as Obligors, each of the financial institutions from time to time
parties thereto, as Lenders, and Bank of Montreal, as Agent. Capitalized terms
used but not defined herein have the meaning assigned to such terms in the
Credit Agreement. The Borrower hereby notifies you, pursuant to Section 3.7(a)
of the Credit Agreement, of its request for the following Advance: 

	1) 	Credit Facility: 	 	 
	  	  	 	 
	2) 	Amount and Currency:
      
[Face Amount of Bankers’ Acceptances for Bankers’
      Acceptances Borrowing] 		  
	  	  	 	 
	3) 	Drawdown Date: 	 	 
	  	  	 	 
	4) 	Prime Loan, US Prime Rate Loan,
      USBR Loan, Bankers’ Acceptance, Libor Loan, Letters of Credit, Letters of
      Guarantee or Hedge Contract: 		  
	  	  	 	 
	5) 	Contract Period for Libor Loan,
      Letters of Credit, Letters of Guarantee, Banker’s Acceptance or Hedge
      Contracts: 		  
	  	  	 	 
	6) 	Beneficiary: 	 	 
		[for Letters of Credit and
      Letters of Guarantee only] 		  

          The
undersigned hereby certifies that the following statements are true on the date
hereof, and will be true on the Drawdown Date, immediately after the Advance and
the application of the proceeds therefrom: 

- 2 -

          a)      immediately
after such Advance, (i) the sum in Canadian Dollars of the aggregate outstanding
principal amount of all Advances outstanding from the Lender under that Credit
Facility shall not exceed the maximum aggregate principal amount available under
that Credit Facility or, in the case of Facility A, the Facility A
Borrowing Base or, in the case of Facility B, the Facility B Borrowing Base,
(ii) no Advance (other than by way of Hedge Contract) under any Credit Facility
shall have a Contract Period that extends beyond, if applicable, the Maturity
Date of that Credit Facility, and (iii) the aggregate amount of Letters of
Credit and Letters of Guarantee will not exceed Cdn.$3,000,000 in respect of
Facility A and will not exceed US$15,000,000 in respect of Facility B; 

          b)     
no Default or Event of Default shall have occurred and be continuing; and

          c)     
the representations and warranties of the Obligors contained in the Credit
Agreement are and will be accurate. 

[Name of Borrower] 

By: ______________________________
       
Name: ________________________
       
Title:   ________________________

SCHEDULE N

FORM OF NOTICE OF CONVERSION AND ROLLOVER

Date:____________

To:     Bank of Montreal as Agent

Ladies and Gentlemen: 

          The
undersigned [Name of relevant Borrower] (the “Borrower”) refers to
the sixth amended and restated credit agreement dated as of December 20, 2010
(as the same may be amended, varied, supplemented, restated, amended and
restated, renewed or replaced at any time and from time to time, the “Credit
Agreement”), among, inter alia, the Borrower, certain affiliates of
the Borrower, as Obligors, each of the financial institutions from time to time
parties thereto, as Lenders, and Bank of Montreal, as Agent. Capitalized terms
used but not defined herein have the meaning assigned to such terms in the
Credit Agreement. The Borrower hereby notifies you, pursuant to [Section
3.8(c), Section 3.9(i), 3.10(h), Section 3.13] of the Credit Agreement, of
the following: 

	1) 	Group of Advances (or portion
      thereof) to which notice applies 		  
	  	  	 	 
	2) 	Date of Conversion or Rollover
	 	 
	  	  	 	 
	3) 	New type of Advance [if Advances
      are to be converted] or repayment 		  
	  	  	 	 
	4) 	Next succeeding Contract Period
      [if Advances are converted or rolled over to Libor Loans,
      Letters of Credit, Letters of Guarantee or Bankers’
      Acceptances] 		  
	  	       	 	 
	5) 	Duration of BA Term [if Loans
      are to be converted to Bankers’ Acceptances or if refunding
      Bankers’ Acceptances are to be issued] 		  

          The
undersigned hereby certifies that the following statements are true on the date
hereof, and will be true on the Rollover Date or Conversion Date, as applicable,
immediately after the Rollover or Conversion, as applicable, and the application
of the proceeds therefrom: 

- 2 -

          a)     
immediately after such Rollover or Conversion, (i) the sum in Canadian Dollars
of the aggregate outstanding principal amount of all Advances outstanding from
the Lender under that Credit Facility shall not exceed the maximum aggregate
principal amount available under that Credit Facility or, in the case of
Facility A, the Facility A Borrowing Base or, in the case of Facility B, the
Facility B Borrowing Base, (ii) no Advance (other than by way of Hedge Contract) under any Credit Facility shall have a Contract
Period that extends beyond, if applicable, the Maturity Date of that Credit
Facility, and (iii) the aggregate amount of Letters of Credit and Letters of
Guarantee will not exceed Cdn.$3,000,000 in respect of Facility A and will not
exceed US$15,000,000 in respect of Facility B; 

          b)      no
Default or Event of Default shall have occurred and be continuing; and

          c)     
the representations and warranties of the Obligors contained in the Credit
Agreement are and will be accurate. 

[Name of Borrower] 

By: ______________________________
       
Name: 
________________________
       
Title:    ________________________

SCHEDULE O

FORM OF BANKERS’ ACCEPTANCES POWER OF ATTORNEY

Date:_______________

          [Name
of relevant borrower] (the “Borrower”) wishes to facilitate the
acceptance of Bankers’ Acceptances under the sixth amended and restated credit
agreement dated as of December 20, 2010 (as the same may be amended, varied,
supplemented, restated, amended and restated, renewed or replaced at any time
and from time to time, the “Credit Agreement”), among, inter alia,
the Borrower, certain affiliates of the Borrower, as Obligors, each of the
financial institutions from time to time parties thereto, as Lenders, and Bank
of Montreal, as Agent. Capitalized terms used and not defined herein shall have
the meanings given to them in the Credit Agreement. 

          The
Borrower hereby appoints [NAME OF LENDER] (“Lender”), acting by
the account managers for the time being of Lender’s Lending Office, the attorney
of the Borrower: 

          a)     
to sign for and on behalf and in the name of the Borrower as drawer, drafts
substantially in the form attached hereto as Exhibit A (“Drafts”) drawn
on the Borrower and payable to the order of the Borrower; and 

          b)      to
fill in the face amount, date and maturity date of such Drafts.

          Instructions
to Lender relating to the execution, completion and endorsement by Lender on
behalf of the Borrower of Drafts which the Borrower wishes to submit to Lender
for acceptance and purchase by Lender shall, following the receipt by Lender of
a notice of Advance from the Borrower relating to an Advance by way of Bankers’
Acceptances pursuant to Section 3.9 of the Credit Agreement, specify the
following information: 

          a)      reference
to this Power of Attorney; 

          b)     
the date of the Bankers’ Acceptance Advance; 

          c)      the
amount which shall be the aggregate face amount of the Bankers’ Acceptances to
be accepted by Lender in respect of the Advance; 

          d)     
the Contract Period (as expressly permitted by and in accordance with the Credit
Agreement) which shall be the number of days after the date of such Bankers’
Acceptances that such Bankers’ Acceptances are to be payable; and 

          e)      discount/payment
instructions specifying the account number of the Borrower and the financial
institution at which the Discount Proceeds (net of applicable Acceptance Fee)
from the purchase of such Bankers’ Acceptances are to be credited. 

          The
communication by the Borrower to Lender of the instructions referred to above
shall constitute (a) the authorization and instruction of the Borrower to Lender
to execute, complete and endorse Drafts in accordance with such information as
set out above and (b) the request of the Borrower to Lender to purchase the resulting Bankers’
Acceptances at the applicable Discount Rate. The Borrower acknowledges that
Lender shall not be obligated to accept any such Drafts or purchase any Bankers’
Acceptances except in accordance with the Credit Agreement. 

- 2 -

          Lender
shall be and it is hereby authorized to act on behalf of the Borrower upon and
in compliance with instructions communicated to Lender by the Borrower as
provided herein if Lender reasonably believes them to be genuine. Any actions
undertaken by Lender in accordance with such instructions shall be conclusively
deemed to have been taken in accordance with the instructions of the Borrower
and shall be binding upon the Borrower. 

          The
Borrower agrees to indemnify Lender and its directors, officers, employees,
affiliates and agents and to hold it and them harmless from and against any
loss, liability, expense or claim or any kind or nature whatsoever incurred by
any of them as a result of any action or inaction in any way relating to or
arising out of this Power of Attorney or the acts contemplated hereby provided
that this indemnity shall not apply to any loss, liability, expense or claim
which results from the gross negligence or willful misconduct of Lender or any
of its directors, officers, employees, affiliates or agents. 

          This
Power of Attorney may be revoked at any time upon not less than three Business
Days’ written notice served upon Lender in accordance with the provisions of the
Credit Agreement, provided that no such revocation shall reduce, limit or
otherwise affect the obligations of the Borrower in respect of any Draft
executed, completed or endorsed, or any Bankers’ Acceptance purchased, in
accordance herewith prior to the time at which such revocation becomes
effective. 

          This
Power of Attorney is in addition to and not in substitution for any agreement to
which Lender and the Borrower are parties. 

          This
Power of Attorney shall be governed in all respects by the laws of the Province
of Ontario and the laws of Canada applicable therein and each of the Borrower
and Lender hereby irrevocably attorns to the non-exclusive jurisdiction of the
courts of the Provinces of Ontario in respect if all matters arising out of this
Power of Attorney. 

          In
the event of a conflict between the provisions of this Power of Attorney and the
Credit Agreement the Credit Agreement shall prevail. 

          DATED
at Brampton, Ontario as of the ____________day of ______________, _____.

[Name of Borrower]

By: ______________________________
       
Name: ________________________
       
Title:   ________________________

EXHIBIT A 

FORM OF BANKERS’ ACCEPTANCE

	 BANKERS’ ACCEPTANCE 
	  	No.
      _____________
	 	 
	To: 	Due:____________________, 20___ 
	_______________________________________  	_____________days after date (without grace) 
	  Address 	
	 	 
	ACCEPTED 	For
      value received pay to the order of the undersigned drawer the sum of
      $__________ 
	_______________________________________ 	 
	 	______________Dollars $ __________
	_______________________________________ 	 
	  	Value
      Received, and Charge to the Account of: 
	For_______________________________________	 
    
		Per:
      _______________________________________
	_______________________________________	  
	Authorized
      Signature 	
	_______________________________________	 
	Authorized Signature 	

FORM OF BA EQUIVALENT LOANS POWER OF ATTORNEY

Date:__________________

          [Name
of relevant borrower] (the “Borrower”) wishes to facilitate the issue
of BA Equivalent Loans under the sixth amended and restated credit agreement
dated as of December 20, 2010 (as the same may be amended, varied, supplemented,
restated, amended and restated, renewed or replaced at any time and from time to
time, the “Credit Agreement”), among, inter alia, the Borrower,
certain affiliates of the Borrower, as Obligors, each of the financial
institutions from time to time parties thereto, as Lenders, and Bank of
Montreal, as Agent. Capitalized terms used and not defined herein shall have the
meanings given to them in the Credit Agreement. 

          The
Borrower hereby appoints [NAME OF LENDER] (“Lender”), acting by
its account managers, the attorney of the Borrower: 

	 	(a) 	
      to sign for and on behalf and in the name of the
      Borrower, as issuer, in favour of the Lender, as payee, Discount Notes in
      the form required by the Lender in its sole discretion (“Discount Notes”);
      and

	 	 	 
	 	(b) 	
      to fill in the face amount, date and maturity date of
      such Discount Notes in accordance with any BA Equivalent Loan made
      pursuant to the Credit Agreement.

          Instructions
to Lender relating to the execution, completion and endorsement by Lender on
behalf of the Borrower of Discount Notes shall, following the receipt by Lender
of a notice of Advance from the Borrower relating to an Advance by way of
Bankers’ Acceptances (including BA Equivalent Loans) pursuant to Section 3.9 of
the Credit Agreement, specify the following information: 

	 	(a) 	
      reference to this Power of Attorney;

	 	 	 
	 	(b) 	
      the date of the Advance;

	 	 	 
	 	(c) 	
      the amount which shall be the aggregate face amount of
      the Discount Notes in respect of the Advance;

	 	 	 
	 	(d) 	
      the Contract Period (as expressly permitted by and in
      accordance with the Credit Agreement) of such Discount Notes;
and

	 	 	 
	 	(e) 	
      discount/payment instructions specifying the account
      number of the Borrower and the financial institution at which the Discount
      Proceeds (net of applicable Acceptance Fee) from the issue of such
      Discount Notes are to be credited.

          The
communication by the Borrower to Lender of the instructions referred to above
shall constitute the authorization and instruction of the Borrower to Lender to
execute, complete and endorse Discount Notes in accordance with such information
as set out above. The Borrower acknowledges that Lender shall not be obligated to issue any
such Discount Notes except in accordance with the Credit Agreement. 

- 2 -

          Lender
shall be and it is hereby authorized to act on behalf of the Borrower upon and
in compliance with instructions communicated to Lender by the Borrower as
provided herein if Lender reasonably believes them to be genuine. Any actions
undertaken by Lender in accordance with such instructions shall be conclusively
deemed to have been taken in accordance with the instructions of the Borrower
and shall be binding upon the Borrower. 

          The
Borrower agrees to indemnify Lender and its directors, officers, employees,
affiliates and agents and to hold it and them harmless from and against any
loss, liability, expense or claim or any kind or nature whatsoever incurred by
any of them as a result of any action or inaction in any way relating to or
arising out of this Power of Attorney or the acts contemplated hereby provided
that this indemnity shall not apply to any loss, liability, expense or claim
which results from the gross negligence or willful misconduct of Lender or any
of its directors, officers, employees, affiliates or agents. 

          This
Power of Attorney may be revoked at any time upon not less than three Business
Days’ written notice served upon Lender in accordance with the provisions of the
Credit Agreement, provided that no such revocation shall reduce, limit or
otherwise affect the obligations of the Borrower in respect of any Discount
Notes executed, completed or endorsed, in accordance herewith prior to the time
at which such revocation becomes effective. 

          This
Power of Attorney is in addition to and not in substitution for any agreement to
which Lender and the Borrower are parties. 

          This
Power of Attorney shall be governed in all respects by the laws of the Province
of Ontario and the laws of Canada applicable therein and each of the Borrower
and Lender hereby irrevocably attorns to the non-exclusive jurisdiction of the
courts of the Provinces of Ontario in respect if all matters arising out of this
Power of Attorney. 

          In
the event of a conflict between the provisions of this Power of Attorney and the
Credit Agreement the Credit Agreement shall prevail. 

          DATED
at Brampton, Ontario as of the day of ______________, _____. 

[Name of Borrower]

By:
_________________________
        Name:
 ___________________
       
Title:   ___________________

SCHEDULE P-1

INTENTIONALLY DELETED

SCHEDULE P-2

INTENTIONALLY DELETED

SCHEDULE P-3

INTENTIONALLY DELETED

SCHEDULE P-4

INTENTIONALLY DELETED

SCHEDULE Q

PREPAYMENT NOTICE

Date:_____________

To:     Bank of Montreal as Agent
Ladies
and Gentlemen: 

          The
undersigned [Name of relevant borrower] (the “Borrower”) refers to
the sixth amended and restated credit agreement dated as of December 20, 2010
(as the same may be amended, varied, supplemented, restated, amended and
restated, renewed or replaced at any time and from time to time, the “Credit
Agreement”), among the Borrower, inter alia, certain affiliates of the
Borrower, as Obligors, each of the financial institutions from time to time
parties thereto, as Lenders, and Bank of Montreal, as Agent. Capitalized terms
used but not defined herein have the meaning assigned to such terms in the
Credit Agreement. The Borrower hereby notifies you pursuant to Section 5.4 of
the Credit Agreement of the following: 

	1. 	
      Date of repayment

	 	 
	2. 	
      Facility

	 	 
	3. 	
      Principal Amount to be repaid

[Name of Borrower]

By:
__________________________
        Name:
____________________
       
Title:   ____________________

SCHEDULE R 

EXISTING OBLIGOR’S DEBT

  	Debtor 	Institution/Creditor 	US$ Debt 
	Aux Mille et Une Saisons 	Various former shareholders (Debt is
      denominated in Canadian Dollars. 	$259,000 
	Sunrich LLC 	Capital leases 	$86,000 
	SunOpta Inc. [The Organic
      Corporation] 	Various former shareholders (Debt is
      denominated in Euro and converted to U.S. dollars at the period 11 closing
      foreign exchange rate of 1 Euro = $1.3410. 	$10,020,000

SCHEDULE S

TRANSACTIONS WITH AFFILIATES

Related party transactions and balances

On July 31, 2009, SunOpta Holding Inc. borrowed from and issued
a term note totalling $50 million to SunOpta Inc. The note has a five year term,
maturing July 31, 2014, with an annual interest rate of 11.25%. The terms of
the note require quarterly interest payments and does not require principal
payments.

On June 18, 2010, SunOpta Holding Inc. borrowed from and issued
a term note totalling $65 million to SunOpta Inc. The note has a five year term,
maturing June 18, 2015, with an annual interest rate of 8.5%. The terms of the
note require quarterly interest payments and does not require principal
payments.

SCHEDULE T

COMPLIANCE CERTIFICATE

To:    Bank of Montreal as Agent

          This
certificate is given by each of SunOpta Inc. and SunOpta Food Group LLC
(collectively, the “Borrowers”), pursuant to Section 9.4(b)of the sixth
amended and restated credit agreement dated as of December 20, 2010 (as the same
may be amended, varied, supplemented, restated, amended and restated, renewed or
replaced at any time and from time to time) among the Borrowers, certain
affiliates of the Borrowers, as Obligors, each of the financial institutions
from time to time parties thereto, as Lenders, and Bank of Montreal, as Agent
(the “Credit Agreement”). Capitalized terms used but not defined herein
have the meaning assigned to such terms set forth in the Credit Agreement. 

          The
officer executing this certificate is the [chief financial
officer]/[president] of each of the Borrowers and as such is duly authorized
to execute and deliver this certificate on behalf of each of the Borrowers. By
executing this certificate such officer hereby certifies, in that capacity and
not personally to the Lender that: 

	 	(a) 	
      the financial statements delivered with this certificate
      in accordance with Section 9.4 of the Credit Agreement fairly present, in
      accordance with GAAP, the financial position and the results of the
      operations of the Borrower and the Obligors as of the dates of such
      financial statements (subject in the case of interim financial statements
      to normal year-end adjustments) and the schedules delivered with such
      financial statements present fairly the financial position and the results
      of operations of the Borrowers and the Obligors (subject in the case of
      schedules delivered with interim financial statements to normal year-end
      adjustments);

	 	 	 
	 	(b) 	
      to the best of my knowledge, each Borrower and each
      Obligor, during the period covered by such financial statements, has
      observed and performed all of its covenants and other agreements, and
      satisfied every condition in the Credit Agreement to be observed,
      performed or satisfied by it, and I have obtained no knowledge of any
      Default or Event of Default [except as specified on the written
      attachment hereto];

	 	 	 
	 	(c) 	
      all Material Contracts and Material Licenses, as
      currently disclosed on Schedule L to the Credit Agreement, remain in full
      force and effect and are not, to the best of my knowledge, threatened to
      be terminated over the course of the next six months. In addition, there
      are no new Material Contracts or Material Licenses currently in the
      process of being negotiated;

	 	 	 
	 	(d) 	
      Exhibit A hereto is a correct calculation of each of the
      financial covenants contained in Section 9.3 of the Credit Agreement;
      and

	 	 	 
	 	(e) 	
      no Obligor or Obligors, during the period covered by the
      financial statements referred to above, entered into any individual sale
      or sale/leaseback of fixed assets giving rise to Permitted Proceeds
[except as specified on the written attachment hereto]. 

- 2 -

          IN
WITNESS WHEREOF, each of the Borrowers has caused this Certificate to be
executed by its [Chief Financial Officer]/[President] this _____day of
_______________, 20_______. 

SUNOPTA INC. 

SUNOPTA FOOD GROUP LLC

By:  
______________________________________
       
Name: 
       
Title:      [Chief Financial Officer]/[President]

EXHIBIT A TO COMPLIANCE CERTIFICATE

1.      Total
Liabilities to Tangible Net Worth Ratio Calculation

Total Liabilities less Subordinated Debt:

Tangible Net Worth comprised of the sum of the book value of
all common share capital, contributed surplus, retained earnings and unrealized
foreign currency adjustments plus preferred share capital and Subordinated Debt
less: 

- Accounts Receivable owed by
Affiliates to the Obligors
- investments in Affiliates 
- deferred
charges
- deferred organizational expenses 
- goodwill and intangibles

- other intangible assets 

Ratio: 
Permitted Maximum: 2.00:1.00
Excess: 

IN COMPLIANCE: Yes or No 

2.      Fixed
Charge Coverage Ratio Calculation

Earnings 
Add back or deduct, as applicable:

- unusual gains (with Majority Lender
consent) 
- gains from disposition of Fixed Assets 
- unrealized income
pursuant to Hedge Agreements 
- Interest Expense 
- Excluded Fees 
-
Taxes 
- depreciation/amortization expense 
- unused losses (with Majority
Lender consent) 
- unrealized losses pursuant to Hedge Agreements 
-
expenses related to one-time restructuring events (with Majority Lender consent)

- asset impairments/write downs 
- cash proceeds (not in excess of
US$1,000,000 during any rolling 12 month period) from issuance of shares re
employee share purchase program 

- 2 - 

Adjusted earnings to EBITDA: 

Less: 
Cash taxes 
Dividends paid 
Non-financed
Capital Expenditures 

Debt Service which includes without limitation: 

- total interest expense – last 12
months
- scheduled principal payments – next 12 months 
- other Debt
Service payments 
Less required principal payments in respect of Subordinated
Debt 
incurred to finance the acquisition of The Organic Corporation B.V.

Adjusted Debt Service: 

Ratio of EBITDA to adjusted Debt Service: 
Required Minimum:

Excess Ratio Amount: 

Excess EBITDA in dollars: 

IN COMPLIANCE: Yes or No 

3.      Sale
or Sale/Leaseback of Fixed Assets 

[Name of entity or entities] sold or entered into a
sale/leaseback of fixed assets giving rise to Permitted Proceeds of
$   . [Note to Draft: Describe what was done with Permitted
Proceeds with reference to Section 5.2 of the Agreement.]

4.      Other
Requirements 

Capital Expenditures during the year: 
Maximum approved:

Excess (shortfall): 

IN COMPLIANCE: Yes or No 

SCHEDULE U 

LENDERS LENDING OFFICES

	Lender 	Branch of Account 
	  	  
	Bank of Montreal 	Asset Based Lending 
	(in respect of Facility A) 	11th Floor 
	  	First Canadian Place 
	  	Toronto, Ontario 
	  	M5X 1A1 
	  	  
	  	Att: Mr. Gary Karges, Director 
	  	Tel: 416-867-5556 
	  	Fax: 416-643-4249 
	  	  
	  	  
	Bank of Montreal 	12th Floor-West 
	(in respect of Facility B, Facility C and Facility D) 	115 South LaSalle Street 
	  	Chicago, Illinois 
	  	60603 
	  	  
	  	Att: Larry Swiniarski 
	  	Tel: 312-461-7150 
	  	Fax: 312-765-8251 
	  	  
	  	  
	Rabobank Nederland Canadian Branch 	95 Wellington Street West 
	(in respect of Facility B, Facility C and Facility D) 	Suite 1830, P.O.Box 38 
	  	Toronto, Ontario 
	  	M5J 2N7 
	  	  
	  	Attention: Raj Joshi, Vice-President 
	  	Fax: 416-941-9750 
	  	  
	  	  
	Export Development Canada 	151 O’Connor Street 
	(in respect of Facility B, Facility C and Facility D) 	Ottawa, Ontario 
	  	K1A 1K3 
	  	  
	  	Attention: Loans Services 
	  	Fax: 613-598-2514 

SCHEDULE V 

COMMITMENTS

	Lender 	Facility A Commitment 
	 	 
	BMO 	$5,000,000 
	 	 
	  	Facility B Commitment 
	 	 
	BMO (Chicago Branch) 	US$40,000,000 
	 	 
	Rabobank 	US$35,000,000 
	 	 
	Export Development Canada 	US$25,000,000 
	 	 
	  	Facility C Commitment 
	 	 
	BMO (Chicago Branch) 	US$4,000,000 
	 	 
	Rabobank 	US$6,500,000 
	 	 
	Export Development Canada 	US$2,500,000 
	 	 
	  	Facility D Commitment 
	 	 
	BMO (Chicago Branch) 	US$6,000,000 
	 	 
	Rabobank 	US$8,500,000 
	 	 
	Export Development Canada 	US$2,500,000 

SCHEDULE W-1

FACILITY A BORROWING BASE CERTIFICATE

To:    Bank of Montreal as Agent

This certificate is given by SunOpta Inc. (the
“SunOpta”), pursuant to Section 9.4(a) of the sixth amended and restated
credit agreement dated as of December 20, 2010 (as the same may be amended,
varied, supplemented, restated, amended and restated, renewed or replaced at any
time and from time to time) among, inter alia, SunOpta, certain
affiliates of SunOpta, as Obligors, each of the financial institutions from time
to time parties thereto, as Lenders, and Bank of Montreal, as Agent (the
“Credit Agreement”). Capitalized terms used but not defined herein have
the meaning assigned to such terms set forth in the Credit Agreement. 

B.      Determination
of Facility A Borrowing Base 

1.      As at
________________________(the “Applicable Date”), the Facility A Borrowing
Base was $_______________________, calculated and determined as per the
completed spreadsheet attached hereto: 

2.      Attached to this
certificate are: 

	 	(a) 	
      an aged summary of Accounts Receivable of in respect of
      SunOpta (and all Canadian divisions thereof), and 7599153 Canada
      including, without limitation, the following information: country of
      domicile; intercompany accounts; doubtful accounts; accounts in dispute;
      contra accounts; holdbacks, and any deposits received from each account
      debtor which remain outstanding at the report date;

	 	 	 
	 	(b) 	
      an aged summary of accounts payable in respect of SunOpta
      (and all Canadian divisions thereof) and 7599153 Canada; and

	 	 	 
	 	(c) 	
      a summary of all Inventory of SunOpta (and all Canadian
      divisions thereof) and 7599153 Canada, identified as raw materials, work
      in progress and finished goods.

C.      Certificate
of Officer

The undersigned officer of SunOpta hereby certifies on behalf
of SunOpta and without personal liability that as at the date hereof: 

	 	(a) 	
      the foregoing information and all information contained
      in the attachments hereto was true, correct and complete as at the
      Applicable Date;

	 	 	 
	 	(b) 	
      the representations and warranties contained in the
      Credit Agreement are true and correct;

	 	 	 
	 	(c) 	
      no event has occurred and is continuing which constitutes
      a Default, and Event of Default or a Material Adverse
  Change.

- 2 -

          IN
WITNESS WHEREOF, SunOpta has caused this Certificate to be executed by its
[Chief Financial Officer]/[President] this _____day of _______________,
20_______. 

SUNOPTA INC. 

By: 
_______________________________________
       
Name: 
       
Title:      [Chief Financial
Officer]/[President]

SCHEDULE W-2

FACILITY B BORROWING BASE CERTIFICATE

To:     Bank of Montreal as Agent

This certificate is given by SunOpta Food Group LLC (the
“SunOpta Food Group”), pursuant to Section 9.4(a) of the sixth amended
and restated credit agreement dated as of December 20, 2010 (as the same may be
amended, varied, supplemented, restated, amended and restated, renewed or
replaced at any time and from time to time) among SunOpta Food Group, certain
affiliates of SunOpta Food Group, as Obligors, each of the financial
institutions from time to time parties thereto, as Lenders, and Bank of
Montreal, as Agent (the “Credit Agreement”). Capitalized terms used but
not defined herein have the meaning assigned to such terms set forth in the
Credit Agreement. 

A.     
Determination of Facility B Borrowing Base 

1.      As at
________________________(the “Applicable Date”), the Facility B Borrowing
Base was US$_______________________, calculated and determined as per the
completed spreadsheet attached hereto: 

2.      Attached to this
certificate are: 

	 	(a) 	
      an aged summary of Accounts Receivable of in respect of
      SunOpta Food Group, SunOpta Fruit, Sunrich, Aseptic, SunOpta Ingredients,
      Dahlgren and Global, including, without limitation, the following
      information: country of domicile; intercompany accounts; doubtful
      accounts; accounts in dispute; contra accounts; holdbacks, and any
      deposits received from each account debtor which remain outstanding at the
      report date;

	 	 	 
	 	(b) 	
      an aged summary of accounts payable in respect of SunOpta
      Food Group, SunOpta Fruit, Sunrich, Aseptic, SunOpta Ingredients, Dahlgren
      and Global; and

	 	 	 
	 	(c) 	
      a summary of all Inventory of SunOpta Food Group, SunOpta
      Fruit, Sunrich, Aseptic, SunOpta Ingredients, Dahlgren and Global,
      identified as raw materials, work in progress and finished
  goods.

B.      Certificate
of Officer 

The undersigned officer of SunOpta Food Group hereby certifies
on behalf of SunOpta Food Group and without personal liability that as at the
date hereof: 

	 	(a) 	
      the foregoing information and all information contained
      in the attachments hereto was true, correct and complete as at the
      Applicable Date;

	 	 	 
	 	(b) 	
      the representations and warranties contained in the
      Credit Agreement are true and correct;

- 2 -

	 	(c) 	
      no event has occurred and is continuing which constitutes
      a Default, and Event of Default or a Material Adverse
  Change.

          IN
WITNESS WHEREOF, SunOpta Food Group has caused this Certificate to be
executed by its [Chief Financial Officer]/[President] this _____day of
_______________, 20_______. 

SUNOPTA FOOD GROUP LLC

By:     
________________________________________
           
Name: 
           
Title:      [Chief Financial
Officer]/[President]

SCHEDULE X

MODEL CREDIT AGREEMENT PROVISIONS

See attached.

2

SCHEDULE X 

MODEL CREDIT AGREEMENT PROVISIONS

The attached model credit agreement provisions, which have been
revised under the direction of the Canadian Bankers’ Association Secondary Loan
Market Specialist Group from provisions prepared by The Loan Syndications and
Trading Association, Inc., form part of this Agreement, except for the footnotes
to the model credit agreement provisions and subject to the following
variations: 

	1. 	
      Each term set out below which is used as a defined term
      in the Provisions shall be deemed to have been replaced as set out below;
      and for greater certainly the said replacement term shall have the meaning
      ascribed thereto in Section 1.1 of the Agreement:

	 	 	 
		(a) 	
      "Applicable Percentage" shall be replaced by "Rateable
      Portion", and

	 	 	 
		(b) 	
      "Loans" shall be replaced by "Advances".

	 	 	 
	2. 	
      The term term "Letter of Credit" when used in the
      Provisions shall mean a "Letter or Credit or Letter of
  Guarantee".

	 	 	 
	3. 	
      Clause (A) of the defined term "Excluded Taxes" in the
      Provisions is deleted and replaced with the following provision:

	 	 	 
		
      "(A) is imposed or assessed other than in respect of a
      Loan or Advance that was made on the premise that an exemption from such
      withholding tax would be available where the exemption is subsequently
      determined, or alleged by a taxing authority, not to be available
    and"

	 	 	 
	4. 	
      Without limiting Section 2.2 of the Provisions, the
      application of Section 5 of the Provisions is limited by the provisions of
      Sections 3.10(n), 3.11(e), 3.18(c) and 3.19(d) of the Agreement.

	 	 	 
	5. 	
      Section 7 of the Provisions is subject to amendment in
      accordance with the provisions of Section 12.13 of the
Agreement.

	 	 	 
	6. 	
      Without limiting Section 2.2 of the Provisions, Section 7
      of the Provisions is supplemented by Sections 12.6 and 12.7 of the
      Agreement.

	 	 	 
	7. 	
      Without limiting Section 2.2 of the Provisions, Section 3
      of the Provisions is supplemented by Sections 4.13 and 6.2 of the
      Agreement provided that such supplement and Section 3 of the Provisions
      shall not result in any duplicated payment.

	 	 	 
	8. 	
      Without limiting Section 2.2 of the Provisions, Section 9
      of the Provisions is supplemented by Section 4.14 of the Agreement
      provided that such supplement and Section 9 of the Provisions shall not
      result in any duplicated payment.

3

	9. 	
      "Pro rata share", "rateably" and similar terms in the
      Provisions shall have the meaning ascribed to the term "Rateable Portion"
      as defined in Section 1.1 of this Agreement, if the context
    requires.

	 	 
	10. 	
      The second sentence of subsection 7.7(a) of the
      Provisions, is hereby amended such that the text "in consultation with the
      Borrower" is deleted and replaced with the text "upon notice to the
      Borrower".

	 	 
	11. 	
      In addition to the restrictions (as amended by the
      Agreement) contained in Section 10.2 of the Provisions relating to the
      ability of Lenders to assign their Commitments in whole or in part, if a
      Lender proposes to assign less than its entire Commitment under any
      Facility, it may do so only if it retains a Commitment under such Facility
      in a principal amount of at least Five Million Dollars
  ($5,000,000).

	 	 
	12. 	
      Section 3.1(c) of the Provisions is hereby amended such
      that (a) the text "describing the Change in Law" is inserted in the first
      sentence of such Section 3.1(c) immediately after the first reference to
      the term "Lender" contained therein, and (b) the reference to the term
      "conclusive" in Section 3.1(c) is deleted and replaced with reference to
      the text "prima facie evidence thereof".

	 	 
	13. 	
      The last sentence of Section 3.2(c) of the Provisions is
      hereby amended such that (a) the following text is inserted immediately
      after the word "liability" contained therein: "together with a description
      (in reasonable detail) of the reasons for such payment or liability", and
      (b) the reference to the term "conclusive" therein is deleted and replaced
      with reference to the text "prima facie evidence thereof".

	 	 
	14. 	
      Section 3.3(b)(ii) of the Provisions is hereby amended
      such that the text "(including without limitation the Yield Maintenance
      Amount)" is inserted immediately after the first reference to the word
      "amounts" contained therein.

	 	 
	15. 	
      Subclause (y) of Section 5.3 of the Provisions is hereby
      deleted.

	 	 
	16. 	
      Section 9.2 of the Provisions is hereby amended such that
      the word "reasonable" is inserted into such Section 9.2 immediately before
      the first reference to the word "fees" contained in such
Section.

	 	 
	17. 	
      Section 9.5 of the Provisions is hereby amended such that
      the reference to the term "conclusive" is hereby deleted and replaced with
      reference to the text "prima facie".

	 	 
	18. 	
      Section 10.2 (a) of the Provisions is hereby amended such
      that the text "in the case of any assignment in respect of a revolving
      facilicity, or $1,000,000, in the case of any assignment in respect of a
      term facility" appearing immediately after the text "$5,000,000," is
      hereby deleted.

	 	 
	19. 	
      Section 10.2 (e) of the Provisions is hereby amended such
      that the text "a Default" is deleted and replaced with the text "an Event
      of Default".

4

	20. 	
      Section 10.4 of the Provisions is hereby amended such
      that (a) the word "and" which appears immediately before the text "(iii)"
      in the first sentence of Section 10.4 is deleted and replaced with a ","
      (i.e. a comma), (b) the following text is inserted immediately before the
      end of the first sentence of Section 10.4 "and (iv) such sale or
      participation will not result in Increased Costs (as contemplated by
      Section 3.1 of the Provisions) or Taxes (as contemplated by Section 3.2 of
      the Provisions) that would not be incurred but for the sale or
      participation", and (c) the text "and the foreoing" is inserted
      immeditately after the text "Subject to Section 10.5" in the second
      paragraph of Section 10.4.

	 	 
	21. 	
      Without limiting Section 2.2 of the Provisions, Sections
      9.1 and 9.2 of the Provisions are subject to Section 13.8 of the
      Agreement.

5

MODEL CREDIT AGREEMENT PROVISIONS

1.      Definitions

          "Administrative
Questionnaire" means an Administrative Questionnaire in a form supplied by
the Administrative Agent. 

          "Affiliate"
means, with respect to a specified Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or
is under common Control with the Person specified. 

          "Agreement"
means the credit agreement of which these Provisions form part. 

          "Applicable
Law" means (a) any domestic or foreign statute, law (including common and
civil law), treaty, code, ordinance, rule, regulation, restriction or by-law
(zoning or otherwise); (b) any judgement, order, writ, injunction, decision,
ruling, decree or award; (c) any regulatory policy, practice, guideline or
directive; or (d) any franchise, licence, qualification, authorization, consent,
exemption, waiver, right, permit or other approval of any Governmental
Authority, binding on or affecting the Person referred to in the context in
which the term is used or binding on or affecting the property of such Person,
in each case whether or not having the force of law. 

          "Applicable
Percentage" means with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment. If the Commitments have
terminated or expired, the Applicable Percentages shall be the percentage of the
total outstanding Loans and participations in respect of Letters of Credit
represented by such Lender’s outstanding Loans and participations in respect of
Letters of Credit. 

          "Approved
Fund" means any Fund that is administered or managed by (a) a Lender, (b) an
Affiliate of a Lender or (c) an entity or an Affiliate of an entity that
administers or manages a Lender. 

          "Assignment
and Assumption" means an assignment and assumption entered into by a Lender
and an Eligible Assignee and accepted by the Administrative Agent, in
substantially the form of Exhibit A or any other form approved by the
Administrative Agent. 

          "Change
in Law" means the occurrence, after the date of this Agreement, of any of
the following: (a) the adoption or taking effect of any Applicable Law, (b) any
change in any Applicable Law or in the administration, interpretation or
application thereof by any Governmental Authority or (c) the making or issuance
of any Applicable Law by any Governmental Authority. 

          "Control"
means the possession, directly or indirectly, of the power to direct or cause
the direction of the management or policies of a Person, whether through the
ability to exercise voting power, by contract or otherwise. "Controlling" and
"Controlled" have corresponding meanings. 

6

          "Default"
means any event or condition that constitutes an Event of Default or that would
constitute an Event of Default except for satisfaction of any condition
subsequent required to make the event or condition an Event of Default,
including giving of any notice, passage of time, or both. 

          "Eligible
Assignee" means any Person (other than a natural person, any Obligor or any
Affiliate of an Obligor), in respect of which any consent that is required by
Section 10.2 has been obtained. 

          "Excluded
Taxes" means, with respect to the Administrative Agent, any Lender, the
Issuing Bank or any other recipient of any payment to be made by or on account
of any obligation of an Obligor hereunder, (a) taxes imposed on or measured by
its net income, and franchise taxes imposed on it (in lieu of net income taxes),
by the jurisdiction (or any political subdivision thereof) under the laws of
which such recipient is organized or in which its principal office is located
or, in the case of any Lender, in which its Applicable Lending Office is
located, (b) any branch profits taxes or any similar tax imposed by any
jurisdiction in which the Lender is located and (c) in the case of a Foreign
Lender (other than (i) an assignee pursuant to a request by the Borrower under
Section 3.3. (b), (ii) an assignee pursuant to an Assignment and Assumption made
when an Event of Default has occurred and is continuing or (iii) any other
assignee to the extent that the Borrower has expressly agreed that any
withholding tax shall be an Indemnified Tax), any withholding tax that (A) is
not imposed or assessed in respect of a Loan that was made on the premise that
an exemption from such withholding tax would be available where the exemption is
subsequently determined, or alleged by a taxing authority, not to be available
and (B) is required by Applicable Law to be withheld or paid in respect of any
amount payable hereunder or under any Loan Document to such Foreign Lender at
the time such Foreign Lender becomes a party hereto (or designates a new lending
office) or is attributable to such Foreign Lender’s failure or inability (other
than as a result of a Change in Law) to comply with Section 3.2(e), except to
the extent that such Foreign Lender (or its assignor, if any) was entitled, at
the time of designation of a new lending office (or assignment), to receive
additional amounts from an Obligor with respect to such withholding tax pursuant
to Section 3.2(a). For greater certainty, for purposes of item (c) above, a
withholding tax includes any Tax that a Foreign Lender is required to pay
pursuant to Part XIII of the Income Tax Act (Canada) or any successor
provision thereto. 

          "Foreign
Lender" means any Lender that is not organized under the laws of the
jurisdiction in which the Borrower is resident for tax purposes and that is not
otherwise considered or deemed in respect of any amount payable to it hereunder
or under any Loan Document to be resident for income tax or withholding tax
purposes in the jurisdiction in which the Borrower is resident for tax purposes
by application of the laws of that jurisdiction. For purposes of this definition
Canada and each Province and Territory thereof shall be deemed to constitute a
single jurisdiction and the United States of America, each State thereof and the
District of Columbia shall be deemed to constitute a single jurisdiction. 

          "Fund"
means any Person (other than a natural person) that is (or will be) engaged in
making, purchasing, holding or otherwise investing in commercial loans and
similar extensions of credit in the ordinary course of its business. 

7

          "Governmental
Authority" means the government of Canada or any other nation, or of any
political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government, including any
supra-national bodies such as the European Union or the European Central Bank
and including a Minister of the Crown, Superintendent of Financial Institutions
or other comparable authority or agency. 

          "Indemnified
Taxes" means Taxes other than Excluded Taxes.

          "Issuing
Bank" means the Person named elsewhere in this Agreement as the issuer of
Letters of Credit on the basis that it is "fronting" for other Lenders and not
on the basis that it is the attorney of other Lenders to sign Letters of Credit
on their behalf, or any successor issuer of Letters of Credit. For greater
certainty, where the context requires, references to "Lenders" in these
Provisions include the Issuing Bank. 

          "Loan"
means any extension of credit by a Lender under this Agreement, including by way
of bankers’ acceptance or LIBO Rate Loan, except for any Letter of Credit or
participation in a Letter of Credit. 

          "Obligors"
means, collectively, the Borrower and each of the guarantors of the Borrower’s
obligations that are identified elsewhere in this Agreement. 

          "Other
Taxes" means all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies arising from any payment
made hereunder or under any other Loan Document or from the execution, delivery
or enforcement of, or otherwise with respect to, this Agreement or any other
Loan Document. 

          "Participant"
has the meaning assigned to such term in Section 10.4.

          "Person"
means any natural person, corporation, limited liability company, trust, joint
venture, association, company, partnership, Governmental Authority or other
entity. 

          "Provisions"
means these model credit agreement provisions.

          "Related
Parties" means, with respect to any Person, such Person’s Affiliates and the
directors, officers, employees, agents and advisors of such Person and of such
Person’s Affiliates. 

          "Taxes"
means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental
Authority, including any interest, additions to tax or penalties applicable
thereto. 

8

	2. 	
      Terms Generally

	 	 	 
		2.1 	
      The definitions of terms herein shall apply equally to
      the singular and plural forms of the terms defined. Whenever the context
      may require, any pronoun shall include the corresponding masculine,
      feminine and neuter forms. The words "include", "includes" and "including" shall be deemed to
      be followed by the phrase "without limitation". The word "will" shall be
      construed to have the same meaning and effect as the word "shall". Unless
      the context requires otherwise (a) any definition of or reference to any
      agreement, instrument or other document herein (including this Agreement)
      shall be construed as referring to such agreement, instrument or other
      document as from time to time amended, supplemented, restated or otherwise
      modified (subject to any restrictions on such amendments, supplements,
      restatements or modifications set forth herein), (b) any reference herein
      to any Person shall be construed to include such Person’s successors and
      permitted assigns, (c) the words "herein", "hereof" and "hereunder", and
      words of similar import, shall be construed to refer to this Agreement in
      its entirety and not to any particular provision hereof, (d) unless
      otherwise expressly stated, all references in these Provisions to
      Articles, Sections, Exhibits and Schedules shall be construed to refer to
      Articles and Sections of, and Exhibits and Schedules to, these Provisions,
      but all such references elsewhere in this Agreement shall be construed to
      refer to this Agreement apart from these Provisions, (e) any reference to
      any law or regulation herein shall, unless otherwise specified, refer to
      such law or regulation as amended, modified or supplemented from time to
      time and (f) the words "asset" and "property" shall be construed to have
      the same meaning and effect and to refer to any and all tangible and
      intangible assets and properties, including cash, securities, accounts and
      contract rights.

	 	 	 
	 	2.2 	
      If there is any conflict or inconsistency between these
      Provisions and the other terms of this Agreement, the other terms of this
      Agreement shall govern to the extent necessary to resolve the conflict or
      inconsistency.

	3. 	
      Yield Protection

	 	3.1 	
      Increased Costs

	 	3.1.1 	
      Increased Costs Generally. If any Change in Law
      shall:

3.1.1.1 impose, modify or deem
applicable any reserve, special deposit, compulsory loan, insurance charge or
similar requirement against assets of, deposits with or for the account of, or
credit extended or participated in by, any Lender; 

3.1.1.2 subject any Lender to any Tax
of any kind whatsoever with respect to this Agreement, any Letter of Credit, any
participation in a Letter of Credit or any Loan made by it, or change the basis
of taxation of payments to such Lender in respect thereof, except for
Indemnified Taxes or Other Taxes covered by Section 3.2 and the imposition, or
any change in the rate, of any Excluded Tax payable by such Lender; or 

9

3.1.1.3 impose on any Lender or any
applicable interbank market any other condition, cost or expense affecting this
Agreement or Loans made by such Lender or any Letter of Credit or participation
therein; 

and the result of any of the foregoing
shall be to increase the cost to such Lender of making or maintaining any Loan
(or of maintaining its obligation to make any such Loan), or to increase the
cost to such Lender or the Issuing Bank of participating in, issuing or
maintaining any Letter of Credit (or of maintaining its obligation to
participate in or to issue any Letter of Credit), or to reduce the amount of any
sum received or receivable by such Lender or the Issuing Bank hereunder (whether
of principal, interest or any other amount), then upon request of such Lender
the Borrower will pay to such Lender such additional amount or amounts as will
compensate such Lender for such additional costs incurred or reduction suffered.

	 	3.1.2 	
      Capital Requirements. If any Lender determines
      that any Change in Law affecting such Lender or any lending office of such
      Lender or such Lender’s holding company, if any, regarding capital
      requirements has or would have the effect of reducing the rate of return
      on such Lender’s capital or on the capital of such Lender’s holding
      company, if any, as a consequence of this Agreement, the Commitments of
      such Lender or the Loans made by, or the Letters of Credit issued or
      participated in by such Lender, to a level below that which such Lender or
      its holding company could have achieved but for such Change in Law (taking
      into consideration such Lender’s policies and the policies of its holding
      company with respect to capital adequacy), then from time to time the
      Borrower will pay to such Lender such additional amount or amounts as will
      compensate such Lender or its holding company for any such reduction
      suffered.

	 	 	 
	 	3.1.3 	
      Certificates for Reimbursement. A certificate of a
      Lender setting forth the amount or amounts necessary to compensate such
      Lender or its holding company, as the case may be, as specified in
      paragraph (a) or (b) of this Section, including reasonable detail of the
      basis of calculation of the amount or amounts, and delivered to the
      Borrower shall be conclusive absent manifest error. The Borrower shall pay
      such Lender the amount shown as due on any such certificate within 10 days
      after receipt thereof.

	 	 	 
	 	3.1.4 	
      Delay in Requests. Failure or delay on the part of
      any Lender to demand compensation pursuant to this Section shall not
      constitute a waiver of such Lender’s right to demand such compensation,
      except that the Borrower shall not be required to compensate a Lender
      pursuant to this Section for any increased costs incurred or reductions
      suffered more than nine months prior to the date that such Lender notifies
      the Borrower of the Change in Law giving rise to such increased costs or
      reductions and of such Lender’s intention to claim compensation therefore,
      unless the Change in Law giving rise to such increased costs or reductions
      is retroactive, in which case the nine-month period referred to above
      shall be extended to include the period of retroactive effect
    thereof.

10

	 	3.2 	
      Taxes

	 	 	 	 
	 		3.2.1 	
      Payments Subject to Taxes. If any Obligor, the
      Administrative Agent, or any Lender is required by Applicable Law to
      deduct or pay any Indemnified Taxes (including any Other Taxes) in respect
      of any payment by or on account of any obligation of an Obligor hereunder
      or under any other Loan Document, then (i) the sum payable shall be
      increased by that Obligor when payable as necessary so that after making
      or allowing for all required deductions and payments (including deductions
      and payments applicable to additional sums payable under this Section) the
      Administrative Agent or Lender, as the case may be, receives an amount
      equal to the sum it would have received had no such deductions or payments
      been required, (ii) the Obligor shall make any such deductions required to
      be made by it under Applicable Law and (iii) the Obligor shall timely pay
      the full amount required to be deducted to the relevant Governmental
      Authority in accordance with Applicable Law.

	 	 	 	 
	 		3.2.2 	
      Payment of Other Taxes by the Borrower. Without
      limiting the provisions of paragraph (a) above, the Borrower shall timely
      pay any Other Taxes to the relevant Governmental Authority in accordance
      with Applicable Law.

	 	 	 	 
	 		3.2.3 	
      Indemnification by the Borrower. The Borrower
      shall indemnify the Administrative Agent and each Lender, within 10 days
      after demand therefor, for the full amount of any Indemnified Taxes or
      Other Taxes (including Indemnified Taxes or Other Taxes imposed or
      asserted on or attributable to amounts payable under this Section) paid by
      the Administrative Agent or such Lender and any penalties, interest and
      reasonable expenses arising therefrom or with respect thereto, whether or
      not such Indemnified Taxes or Other Taxes were correctly or legally
      imposed or asserted by the relevant Governmental Authority. A certificate
      as to the amount of such payment or liability delivered to the Borrower by
      a Lender (with a copy to the Administrative Agent), or by the
      Administrative Agent on its own behalf or on behalf of a Lender, shall be
      conclusive absent manifest error.

	 	 	 	 
	 		3.2.4 	
      Evidence of Payments. As soon as practicable after
      any payment of Indemnified Taxes or Other Taxes by an Obligor to a
      Governmental Authority, the Obligor shall deliver to the Administrative
      Agent the original or a certified copy of a receipt issued by such
      Governmental Authority evidencing such payment, a copy of the return
      reporting such payment or other evidence of such payment reasonably
      satisfactory to the Administrative Agent.

	 		 	
       

11

	 	3.2.5 	
      Status of Lenders. Any Foreign Lender that is
      entitled to an exemption from or reduction of withholding tax under the
      law of the jurisdiction in which the Borrower is resident for tax
      purposes, or any treaty to which such jurisdiction is a party, with
      respect to payments hereunder or under any other Loan Document shall, at the request of the
      Borrower, deliver to the Borrower (with a copy to the Administrative
      Agent), at the time or times prescribed by Applicable Law or reasonably
      requested by the Borrower or the Administrative Agent, such properly
      completed and executed documentation prescribed by Applicable Law as will
      permit such payments to be made without withholding or at a reduced rate
      of withholding. In addition, (a) any Lender, if requested by the Borrower
      or the Administrative Agent, shall deliver such other documentation
      prescribed by Applicable Law or reasonably requested by the Borrower or
      the Administrative Agent as will enable the Borrower or the Administrative
      Agent to determine whether or not such Lender is subject to withholding or
      information reporting requirements, and (b) any Lender that ceases to be,
      or to be deemed to be, resident in Canada for purposes of Part XIII of the
      Income Tax Act (Canada) or any successor provision thereto shall
      within five days thereof notify the Borrower and the Administrative Agent
      in writing.

	 	 	 
	 	3.2.6 	
      Treatment of Certain Refunds and Tax Reductions.
      If the Administrative Agent or a Lender determines, in its sole
      discretion, that it has received a refund of any Taxes or Other Taxes as
      to which it has been indemnified by the Borrower or with respect to which
      an Obligor has paid additional amounts pursuant to this Section or that,
      because of the payment of such Taxes or Other Taxes, it has benefited from
      a reduction in Excluded Taxes otherwise payable by it, it shall pay to the
      Borrower or Obligor, as applicable, an amount equal to such refund or
      reduction (but only to the extent of indemnity payments made, or
      additional amounts paid, by the Borrower or Obligor under this Section
      with respect to the Taxes or Other Taxes giving rise to such refund or
      reduction), net of all out-of-pocket expenses of the Administrative Agent
      or such Lender, as the case may be, and without interest (other than any
      net after-Tax interest paid by the relevant Governmental Authority with
      respect to such refund). The Borrower or Obligor as applicable, upon the
      request of the Administrative Agent or such Lender, agrees to repay the
      amount paid over to the Borrower or Obligor (plus any penalties, interest
      or other charges imposed by the relevant Governmental Authority) to the
      Administrative Agent or such Lender if the Administrative Agent or such
      Lender is required to repay such refund or reduction to such Governmental
      Authority. This paragraph shall not be construed to require the
      Administrative Agent or any Lender to make available its tax returns (or
      any other information relating to its taxes that it deems confidential) to
      the Borrower or any other Person, to arrange its affairs in any particular
      manner or to claim any available refund or
reduction.

	 	3.3 	
      Mitigation Obligations: Replacement of
    Lenders

	 	 	 	 
	 		3.3.1 	
      Designation of a Different Lending Office. If any
      Lender requests compensation under Section 3.1, or requires the Borrower
      to pay any additional amount to any Lender or any Governmental
      Authority for the account of any Lender pursuant to Section 3.2, then such
      Lender shall use reasonable efforts to designate a different lending
      office for funding or booking its Loans hereunder or to assign its rights
      and obligations hereunder to another of its offices, branches or
      affiliates, if, in the judgment of such Lender, such designation or
      assignment (i) would eliminate or reduce amounts payable pursuant to
      Section 3.1 or 3.2 , as the case may be, in the future and (ii) would not
      subject such Lender to any unreimbursed cost or expense and would not
      otherwise be disadvantageous to such Lender. The Borrower hereby agrees to
      pay all reasonable costs and expenses incurred by any Lender in connection
      with any such designation or assignment.

12 

	 		
       

	 	 	 
	 	3.3.2 	
      Replacement of Lenders. If any Lender requests
      compensation under Section 3.1, if the Borrower is required to pay any
      additional amount to any Lender or any Governmental Authority for the
      account of any Lender pursuant to Section 3.2, if any Lender’s obligations
      are suspended pursuant to Section 3.4 or if any Lender defaults in its
      obligation to fund Loans hereunder, then the Borrower may, at its sole
      expense and effort, upon 10 days’ notice to such Lender and the
      Administrative Agent, require such Lender to assign and delegate, without
      recourse (in accordance with and subject to the restrictions contained in,
      and consents required by, Section 10), all of its interests, rights and
      obligations under this Agreement and the related other Loan Documents to
      an assignee that shall assume such obligations (which assignee may be
      another Lender, if a Lender accepts such assignment), provided
  that:

3.3.2.1 the Borrower pays the
Administrative Agent the assignment fee specified in Section 10.2(f); 

3.3.2.2 the assigning Lender receives
payment of an amount equal to the outstanding principal of its Loans and
participations in disbursements under Letters of Credit, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder and under
the other Loan Documents (including any breakage costs and amounts required to
be paid under this Agreement as a result of prepayment to a Lender) from the
assignee (to the extent of such outstanding principal and accrued interest and
fees) or the Borrower (in the case of all other amounts); 

3.3.2.3 in the case of any such
assignment resulting from a claim for compensation under Section 3.1 or payments
required to be made pursuant to Section 3.2, such assignment will result in a
reduction in such compensation or payments thereafter; and 

3.3.2.4 such assignment does not
conflict with Applicable Law. 

13

          A
Lender shall not be required to make any such assignment or delegation if, prior
thereto, as a result of a waiver by such Lender or otherwise, the circumstances
entitling the Borrower to require such assignment and delegation cease to apply.

          3.4  
 Illegality

          If
any Lender determines that any Applicable Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for any Lender or its
Applicable Lending Office to make or maintain any Loan (or to maintain its
obligation to make any Loan), or to participate in, issue or maintain any Letter
of Credit (or to maintain its obligation to participate in or to issue any
Letter of Credit), or to determine or charge interest rates based upon any
particular rate, then, on notice thereof by such Lender to the Borrower through
the Administrative Agent, any obligation of such Lender with respect to the
activity that is unlawful shall be suspended until such Lender notifies the
Administrative Agent and the Borrower that the circumstances giving rise to such
determination no longer exist. Upon receipt of such notice, the Borrower shall,
upon demand from such Lender (with a copy to the Administrative Agent), prepay
or, if conversion would avoid the activity that is unlawful, convert any Loans,
or take any necessary steps with respect to any Letter of Credit in order to
avoid the activity that is unlawful. Upon any such prepayment or conversion, the
Borrower shall also pay accrued interest on the amount so prepaid or converted.
Each Lender agrees to designate a different Lending Office if such designation
will avoid the need for such notice and will not, in the good faith judgment of
such Lender, otherwise be materially disadvantageous to such Lender. 

          3.5  
 Inability to Determine Rates Etc.

          If
the Required Lenders determine that for any reason a market for bankers’
acceptances does not exist at any time or the Lenders cannot for other reasons,
after reasonable efforts, readily sell bankers’ acceptances or perform their
other obligations under this Agreement with respect to bankers’ acceptances, the
Administrative Agent will promptly so notify the Borrower and each Lender.
Thereafter, the Borrower’s right to request the acceptance of bankers’
acceptances shall be and remain suspended until the Required Lenders determine
and the Agent notifies the Borrower and each Lender that the condition causing
such determination no longer exists. If the Required Lenders determine that for
any reason adequate and reasonable means do not exist for determining the LIBO
Rate for any requested Interest Period with respect to a proposed LIBO Rate
Loan, or that the LIBO Rate for any requested Interest Period with respect to a
proposed LIBO Rate Loan does not adequately and fairly reflect the cost to such
Lenders of funding such Loan, the Administrative Agent will promptly so notify
the Borrower and each Lender. Thereafter, the obligation of the Lenders to make
or maintain LIBO Rate Loans shall be suspended until the Administrative Agent
(upon the instruction of the Required Lenders) revokes such notice. Upon receipt
of such notice, the Borrower may revoke any pending request for a borrowing,
conversion or continuation of LIBO Rate Loans or, failing that, will be deemed
to have converted such request into a request for a borrowing of Base Rate Loans
in the amount specified therein. 

14

4.      Right of Setoff

          If
an Event of Default has occurred and is continuing, each of the Lenders and each
of their respective Affiliates is hereby authorized at any time and from time to
time to set off and apply any and all deposits (general or special, time or
demand, provisional or final, in whatever currency) at any time held and other
obligations (in whatever currency) at any time owing by such Lender or any such
Affiliate to or for the credit or the account of any Obligor against any and all
of the obligations of the Borrower now or hereafter existing under this
Agreement or any other Loan Document to such Lender, irrespective of whether or
not such Lender has made any demand under this Agreement or any other Loan
Document and although such obligations of the Obligor may be contingent or
unmatured or are owed to a branch or office of such Lender different from the
branch or office holding such deposit or obligated on such indebtedness. The
rights of each the Lenders and their respective Affiliates under this Section
are in addition to other rights and remedies (including other rights of setoff,
consolidation of accounts and bankers’ lien) that the Lenders or their
respective Affiliates may have. Each Lender agrees to promptly notify the
Borrower and the Administrative Agent after any such setoff and application, but
the failure to give such notice shall not affect the validity of such setoff and
application. If any Affiliate of a Lender exercises any rights under this
Section 4, it shall share the benefit received in accordance with Section 5 as
if the benefit had been received by the Lender of which it is an Affiliate. 

5.      Sharing of Payments by
Lenders

          If
any Lender, by exercising any right of setoff or counterclaim or otherwise,
obtains any payment or other reduction that might result in such Lender
receiving payment or other reduction of a proportion of the aggregate amount of
its Loans and accrued interest thereon or other obligations hereunder greater
than its pro rata share thereof as provided herein, then the Lender receiving
such payment or other reduction shall (a) notify the Administrative Agent of
such fact, and (b) purchase (for cash at face value) participations in the Loans
and such other obligations of the other Lenders, or make such other adjustments
as shall be equitable, so that the benefit of all such payments shall be shared
by the Lenders rateably in accordance with the aggregate amount of principal of
and accrued interest on their respective Loans and other amounts owing them,
provided that 

	 	5.1 	
      if any such participations are purchased and all or any
      portion of the payment giving rise thereto is recovered, such
      participations shall be rescinded and the purchase price restored to the
      extent of such recovery, without interest,

	 	 	 
	 	5.2 	
      the provisions of this Section shall not be construed to
      apply to (x) any payment made by any Obligor pursuant to and in accordance
      with the express terms of this Agreement or (y) any payment obtained by a
      Lender as consideration for the assignment of or sale of a participation
      in any of its Loans or participations in disbursements under Letters of
      Credit to any assignee or participant, other than to any Obligor or any
      Affiliate of an Obligor (as to which the provisions of this Section shall
      apply); and

15

	 	5.3 	
      the provisions of this Section shall not be construed to
      apply to (w) any payment made while no Event of Default has occurred and
      is continuing in respect of obligations of the Borrower to such Lender
      that do not arise under or in connection with the Loan Documents, (x) any
      payment made in respect of an obligation that is secured by a Permitted
      Lien or that is otherwise entitled to priority over the Borrower’s
      obligations under or in connection with the Loan Documents, (y) any
      reduction arising from an amount owing to an Obligor upon the termination
      of derivatives entered into between the Obligor and such Lender, or (z)
      any payment to which such Lender is entitled as a result of any form of
      credit protection obtained by such Lender.

          The
Obligors consent to the foregoing and agree, to the extent they may effectively
do so under Applicable Law, that any Lender acquiring a participation pursuant
to the foregoing arrangements may exercise against each Obligor rights of setoff
and counterclaim and similar rights of Lenders with respect to such
participation as fully as if such Lender were a direct creditor of each Obligor
in the amount of such participation. 

	6. 	
      Administrative Agent’s Clawback

	 	 	 
		6.1 	
      Funding by Lenders; Presumption by Administrative
      Agent. Unless the Administrative Agent shall have received notice from
      a Lender prior to the proposed date of any advance of funds that such
      Lender will not make available to the Administrative Agent such Lender’s
      share of such advance, the Administrative Agent may assume that such
      Lender has made such share available on such date in accordance with the
      provisions of this Agreement concerning funding by Lenders and may, in
      reliance upon such assumption, make available to the Borrower a
      corresponding amount. In such event, if a Lender has not in fact made its
      share of the applicable advance available to the Administrative Agent,
      then the applicable Lender shall pay to the Administrative Agent forthwith
      on demand such corresponding amount with interest thereon, for each day
      from and including the date such amount is made available to the Borrower
      to but excluding the date of payment to the Administrative Agent, at a
      rate determined by the Administrative Agent in accordance with prevailing
      banking industry practice on interbank compensation. If such Lender pays
      such amount to the Administrative Agent, then such amount shall constitute
      such Lender’s Loan included in such advance. If the Lender does not do so
      forthwith, the Borrower shall pay to the Administrative Agent forthwith on
      demand such corresponding amount with interest thereon at the interest
      rate applicable to the advance in question. Any payment by the Borrower
      shall be without prejudice to any claim the Borrower may have against a
      Lender that has failed to make such payment to the Administrative
      Agent.

	 	 	 
		6.2 	
      Payments by Borrower; Presumptions by Administrative
      Agent. Unless the Administrative Agent shall have received notice from
      the Borrower prior to the date on which any payment is due to the
      Administrative Agent for the account of any Lender hereunder that the
      Borrower will not make such payment, the Administrative Agent may assume
      that the Borrower has made such payment on such date in accordance herewith and
may, in reliance upon such assumption, distribute the amount due to the Lenders.
In such event, if the Borrower has not in fact made such payment, then each of
the Lenders severally agrees to repay to the Administrative Agent forthwith on
demand the amount so distributed to such Lender with interest thereon, for each
day from and including the date such amount is distributed to it to but
excluding the date of payment to the Administrative Agent, at a rate determined
by the Administrative Agent in accordance with prevailing banking industry
practice on interbank compensation. 

16

	7. 	
      Agency

	 	 	 	 
		7.1 	
      Appointment and Authority. Each of the Lenders and
      the Issuing Bank hereby irrevocably appoints the Person identified
      elsewhere in this Agreement as the Administrative Agent to act on its
      behalf as the Administrative Agent hereunder and under the other Loan
      Documents and authorizes the Administrative Agent to take such actions on
      its behalf and to exercise such powers as are delegated to the
      Administrative Agent by the terms hereof or thereof, together with such
      actions and powers as are reasonably incidental thereto. The provisions of
      this Article are solely for the benefit of the Administrative Agent, the
      Lenders and the Issuing Bank, and no Obligor shall have rights as a third
      party beneficiary of any of such provisions.

	 	 	 	 
		7.2 	
      Rights as a Lender. The Person serving as the
      Administrative Agent hereunder shall have the same rights and powers in
      its capacity as a Lender as any other Lender and may exercise the same as
      though it were not the Administrative Agent and the term "Lender" or
      "Lenders" shall, unless otherwise expressly indicated or unless the
      context otherwise requires, include the Person serving as the
      Administrative Agent hereunder in its individual capacity. Such Person and
      its Affiliates may accept deposits from, lend money to, act as the
      financial advisor or in any other advisory capacity for and generally
      engage in any kind of business with any Obligor or any Affiliate thereof
      as if such Person were not the Administrative Agent and without any duty
      to account to the Lenders.

	 	 	 	 
		7.3 	
      Exculpatory Provisions

	 	 	 	 
			7.3.1 	
      The Administrative Agent shall not have any duties or
      obligations except those expressly set forth herein and in the other Loan
      Documents. Without limiting the generality of the foregoing, the
      Administrative Agent:

	 	 	 	 
				7.3.1.1 shall not be subject to any fiduciary or
      other implied duties, regardless of whether a Default has occurred and is
      continuing; 
	 	 	 	 
				7.3.1.2 shall not have any duty to take any
      discretionary action or exercise any discretionary powers, except
      discretionary rights and powers expressly contemplated hereby or by the
      other Loan Documents that the Administrative Agent is required to exercise
      as directed in writing by the Required Lenders (or such other number
or percentage of the Lenders as shall be expressly provided for in the Loan
Documents), but the Administrative Agent shall not be required to take any
action that, in its opinion or the opinion of its counsel, may expose the
Administrative Agent to liability or that is contrary to any Loan Document or
Applicable Law; and 

17

7.3.1.3 shall not, except as expressly
set forth herein and in the other Loan Documents, have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to the
Borrower or any of its Affiliates that is communicated to or obtained by the
person serving as the Administrative Agent or any of its Affiliates in any
capacity. 

	 	7.3.2 	
      The Administrative Agent shall not be liable for any
      action taken or not taken by it (i) with the consent or at the request of
      the Required Lenders (or such other number or percentage of the Lenders as
      is necessary, or as the Administrative Agent believes in good faith is
      necessary, under the provisions of the Loan Documents) or (ii) in the
      absence of its own gross negligence or wilful misconduct. The
      Administrative Agent shall be deemed not to have knowledge of any Default
      unless and until notice describing the Default is given to the
      Administrative Agent by the Borrower or a Lender.

	 	 	 
	 	7.3.3 	
      Except as otherwise expressly specified in this
      Agreement, the Administrative Agent shall not be responsible for or have
      any duty to ascertain or inquire into (i) any statement, warranty or
      representation made in or in connection with this Agreement or any other
      Loan Document, (ii) the contents of any certificate, report or other
      document delivered hereunder or thereunder or in connection herewith or
      therewith, (iii) the performance or observance of any of the covenants,
      agreements or other terms or conditions set forth herein or therein or the
      occurrence of any Default, (iv) the validity, enforceability,
      effectiveness or genuineness of this Agreement, any other Loan Document or
      any other agreement, instrument or document or (v) the satisfaction of any
      condition specified in this Agreement, other than to confirm receipt of
      items expressly required to be delivered to the Administrative
    Agent.

          7.4  
 Reliance by Administrative Agent

          The
Administrative Agent shall be entitled to rely upon, and shall not incur any
liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic
message, Internet or intranet posting or other distribution) believed by it to
be genuine and to have been signed, sent or otherwise authenticated by the
proper Person. The Administrative Agent also may rely upon any statement made to
it orally or by telephone and believed by it to have been made by the proper
Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Loan, or the issuance
of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing Bank, the
Administrative Agent may presume that such condition is satisfactory to such
Lender or the Issuing Bank unless the Administrative Agent shall have received
notice to the contrary from such Lender or the Issuing Bank prior to the making
of such Loan or the issuance of such Letter of Credit. The Administrative Agent
may consult with legal counsel (who may be counsel for the Borrower),
independent accountants and other experts selected by it, and shall not be
liable for any action taken or not taken by it in accordance with the advice of
any such counsel, accountants or experts. 

18

          7.5   
Indemnification of Administrative Agent

          Each
Lender agrees to indemnify the Administrative Agent and hold it harmless (to the
extent not reimbursed by the Borrower), rateably according to its Applicable
Percentage (and not jointly or jointly and severally) from and against any and
all losses, claims, damages, liabilities and related expenses, including the
fees, charges and disbursements of any counsel, which may be incurred by or
asserted against the Administrative Agent in any way relating to or arising out
of the Loan Documents or the transactions therein contemplated. However, no
Lender shall be liable for any portion of such losses, claims, damages,
liabilities and related expenses resulting from the Administrative Agent’s gross
negligence or wilful misconduct. 

          7.6  
 Delegation of Duties

          The
Administrative Agent may perform any and all of its duties and exercise its
rights and powers hereunder or under any other Loan Document by or through any
one or more subagents appointed by the Administrative Agent from among the
Lenders (including the Person serving as Administrative Agent) and their
respective Affiliates. The Administrative Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or
through their respective Related Parties. The provisions of this Article and
other provisions of this Agreement for the benefit of the Administrative Agent
shall apply to any such sub-agent and to the Related Parties of the
Administrative Agent and any such sub-agent, and shall apply to their respective
activities in connection with the syndication of the credit facilities provided
for herein as well as activities as Administrative Agent. 

	 	7.7 	
      Replacement of Administrative Agent

	 	 	 	 
	 		7.7.1 	
      The Administrative Agent may at any time give notice of
      its resignation to the Lenders, the Issuing Bank and the Borrower. Upon
      receipt of any such notice of resignation, the Required Lenders shall have
      the right, in consultation with the Borrower, to appoint a successor,
      which shall be a Lender having a Commitment to a revolving credit if one
      or more is established in this Agreement and having an office in Toronto,
      Ontario or Montréal, Québec, or an Affiliate of any such Lender with an
      office in Toronto or Montréal. The Administrative Agent may also be
      removed at any time by the Required Lenders upon 30 days’ notice to the
      Administrative Agent and the Borrower as long as the Required Lenders, in
      consultation with the Borrower, appoint and obtain the acceptance of a
      successor within such 30 days, which shall be a Lender having a Commitment
      to a revolving credit if one or more is established in
  this Agreement and having an office in
Toronto or Montréal, or an Affiliate of any such Lender with an office in
Toronto or Montréal. 

19

	 	7.7.2 	
      If no such successor shall have been so appointed by the
      Required Lenders and shall have accepted such appointment within 30 days
      after the retiring Administrative Agent gives notice of its resignation,
      then the retiring Administrative Agent may on behalf of the Lenders,
      appoint a successor Administrative Agent meeting the qualifications
      specified in Section 7.7(a), provided that if the Administrative Agent
      shall notify the Borrower and the Lenders that no qualifying Person has
      accepted such appointment, then such resignation shall nonetheless become
      effective in accordance with such notice and (1) the retiring
      Administrative Agent shall be discharged from its duties and obligations
      hereunder and under the other Loan Documents (except that in the case of
      any collateral security held by the Administrative Agent on behalf of the
      Lenders under any of the Loan Documents, the retiring Administrative Agent
      shall continue to hold such collateral security until such time as a
      successor Administrative Agent is appointed) and (2) all payments,
      communications and determinations provided to be made by, to or through
      the Administrative Agent shall instead be made by or to each Lender
      directly, until such time as the Required Lenders appoint a successor
      Administrative Agent as provided for above in the preceding
    paragraph.

	 	 	 
	 	7.7.3 	
      Upon a successor’s appointment as Administrative Agent
      hereunder, such successor shall succeed to and become vested with all of
      the rights, powers, privileges and duties of the former Administrative
      Agent, and the former Administrative Agent shall be discharged from all of
      its duties and obligations hereunder or under the other Loan Documents (if
      not already discharged therefrom as provided in the preceding paragraph).
      The fees payable by the Borrower to a successor Administrative Agent shall
      be the same as those payable to its predecessor unless otherwise agreed
      between the Borrower and such successor. After the termination of the
      service of the former Administrative Agent, the provisions of this Section
      7 and of Section 9 shall continue in effect for the benefit of such former
      Administrative Agent, its sub-agents and their respective Related Parties
      in respect of any actions taken or omitted to be taken by any of them
      while the former Administrative Agent was acting as Administrative
      Agent.

          7.8   
Non-Reliance on Administrative Agent and Other Lenders

          Each
Lender and the Issuing Bank acknowledges that it has, independently and without
reliance upon the Administrative Agent or any other Lender or any of their
Related Parties and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this
Agreement. Each Lender and the Issuing Bank also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other
Lender or any of their Related Parties and based on such documents and
information as it shall from time to time deem appropriate, continue to make its
own decisions in taking or not taking action under or based upon this Agreement, any other
Loan Document or any related agreement or any document furnished hereunder or
thereunder. 

20

          7.9  
 Collective Action of the Lenders

          Each
of the Lenders hereby acknowledges that to the extent permitted by Applicable
Law, any collateral security and the remedies provided under the Loan Documents
to the Lenders are for the benefit of the Lenders collectively and acting
together and not severally and further acknowledges that its rights hereunder
and under any collateral security are to be exercised not severally, but by the
Administrative Agent upon the decision of the Required Lenders (or such other
number or percentage of the Lenders as shall be expressly provided for in the
Loan Documents). Accordingly, notwithstanding any of the provisions contained
herein or in any collateral security, each of the Lenders hereby covenants and
agrees that it shall not be entitled to take any action hereunder or thereunder
including, without limitation, any declaration of default hereunder or
thereunder but that any such action shall be taken only by the Administrative
Agent with the prior written agreement of the Required Lenders (or such other
number or percentage of the Lenders as shall be expressly provided for in the
Loan Documents). Each of the Lenders hereby further covenants and agrees that
upon any such written agreement being given, it shall co-operate fully with the
Administrative Agent to the extent requested by the Administrative Agent.
Notwithstanding the foregoing, in the absence of instructions from the Lenders
and where in the sole opinion of the Administrative Agent, acting reasonably and
in good faith, the exigencies of the situation warrant such action, the
Administrative Agent may without notice to or consent of the Lenders take such
action on behalf of the Lenders as it deems appropriate or desirable in the
interest of the Lenders. 

          7.10  No
Other Duties. etc.

          Anything
herein to the contrary notwithstanding, none of the Bookrunners, Arrangers or
holders of similar titles, if any, specified in this Agreement shall have any
powers, duties or responsibilities under this Agreement or any of the other Loan
Documents, except in its capacity, as applicable, as the Administrative Agent or
a Lender hereunder. 

8.      Notices: Effectiveness;
Electronic Communication 

          8.1   
Notices Generally 

          Except
in the case of notices and other communications expressly permitted to be given
by telephone (and except as-provided in Section 8.2 below), all notices and
other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by telecopier to the addresses or telecopier numbers
specified elsewhere in this Agreement or, if to a Lender, to it at its address
or telecopier number specified in the Register or, if to an Obligor other than
the Borrower, in care of the Borrower. 

          Notices
sent by hand or overnight courier service, or mailed by certified or registered
mail, shall be deemed to have been given when received; notices sent by
telecopier shall be deemed to have been given when sent (except that, if not
given on a business day between 9:00 a.m. and 5:00 p.m. local time where the
recipient is located, shall be deemed to have been given at 9:00 a.m. on the next business day for the recipient).
Notices delivered through electronic communications to the extent provided in
Section 8.2 below, shall be effective as provided in said Section 8.2. 

21

          8.2   
Electronic Communications

          Notices
and other communications to the Lenders and the Issuing Bank hereunder may be
delivered or furnished by electronic communication (including e-mail and
Internet or intranet websites) pursuant to procedures approved by the
Administrative Agent, provided that the foregoing shall not apply to notices to
any Lender of Loans to be made or Letters of Credit to be issued if such Lender
has notified the Administrative Agent that it is incapable of receiving notices
under such Article by electronic communication. The Administrative Agent or the
Borrower may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to
procedures approved by it, provided that approval of such procedures may be
limited to particular notices or communications. 

          Unless
the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by
the "return receipt requested" function, as available, return e-mail or other
written acknowledgement), provided that if such notice or other communication is
not sent during the normal business hours of the recipient, such notice or
communication shall be deemed to have been sent at the opening of business on
the next business day for the recipient, and (ii) notices or communications
posted to an Internet or intranet website shall be deemed received upon the
deemed receipt by the intended recipient at its e-mail address as described in
the foregoing clause (i) of notification that such notice or communication is
available and identifying the website address therefor. 

          8.3  
 Change of Address, Etc.

          Any
party hereto may change its address or telecopier number for notices and other
communications hereunder by notice to the other parties hereto. 

9.      Expenses; Indemnity:
Damage Waiver 

          9.1  
 Costs and Expenses 

          The
Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the
Administrative Agent and its Affiliates, including the reasonable fees, charges
and disbursements of counsel for the Administrative Agent, in connection with
the syndication of the credit facilities provided for herein, the preparation,
negotiation, execution, delivery and administration of this Agreement and the
other Loan Documents or any amendments, modifications or waivers of the
provisions hereof or thereof (whether or not the transactions contemplated
hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket
expenses incurred by the Issuing Bank in connection with the issuance,
amendment, renewal or extension of any Letter of Credit or any demand for
payment thereunder and (iii) all reasonable out-of-pocket expenses incurred by
the Administrative Agent, any Lender or the Issuing Bank, including the
reasonable fees, charges and disbursements of counsel, in connection with the
enforcement or protection of its rights in connection with this Agreement and
the other Loan Documents, including its rights under this Section, or in connection with the Loans made or
Letters of Credit issued hereunder, including all such out-of-pocket expenses
incurred during any workout, restructuring or negotiations in respect of such
Loans or Letters of Credit. 

22

          9.2  
 Indemnification by the Borrower

          The
Borrower shall indemnify the Administrative Agent (and any sub-agent thereof),
each Lender and the Issuing Bank, and each Related Party of any of the foregoing
Persons (each such Person being called an "Indemnitee") against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and
related expenses, including the fees, charges and disbursements of any counsel
for any Indemnitee, incurred by any Indemnitee or asserted against any
Indemnitee by any third party or by any Obligor arising out of, in connection
with, or as a result of (i) the execution or delivery of this Agreement, any
other Loan Document or any agreement or instrument contemplated hereby or
thereby, the performance or non-performance by the parties hereto of their
respective obligations hereunder or thereunder or the consummation or
non-consummation of the transactions contemplated hereby or thereby, (ii) any
Loan or Letter of Credit or the use or proposed use of the proceeds therefrom
(including any refusal by the Issuing Bank to honor a demand for payment under a
Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), (iii) any actual
or alleged presence or Release of Hazardous Materials on or from any property
owned or operated by any Obligor, or any Environmental Liability related in any
way to any Obligor, or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory, whether brought by a third party or by an
Obligor and regardless of whether any Indemnitee is a party thereto, provided
that such indemnity shall not, as to any Indemnitee, be available to the extent
that such losses, claims, damages, liabilities or related expenses (x) are
determined by a court of competent jurisdiction by final and non-appealable
judgment to have resulted from the gross negligence or wilful misconduct of such
Indemnitee or (y) result from a claim brought by the Borrower or any other
Obligor against an Indemnitee for breach in bad faith of such Indemnitee’s
obligations hereunder or under any other Loan Document, if the Obligor has
obtained a final and non-appealable judgment in its favour on such claim as
determined by a court of competent jurisdiction, nor shall it be available in
respect of matters specifically addressed in Sections 3.1, 3.2 and 9.1. 

          9.3  
 Reimbursement by Lenders

          To
the extent that the Borrower for any reason fails to indefeasibly pay any amount
required under Section 9.1 or 9.2 to be paid by it to the Administrative Agent
(or any sub-agent thereof), the Issuing Bank or any Related Party of any of the
foregoing, each Lender severally agrees to pay to the Administrative Agent (or
any such sub-agent), the Issuing Bank or such Related Party, as the case may be,
such Lender’s Applicable Percentage (determined as of the time that the
applicable unreimbursed expense or indemnity payment is sought) of such unpaid
amount, provided that the unreimbursed expense or indemnified loss, claim,
damage, liability or related expense, as the case may be, was incurred by or
asserted against the Administrative Agent (or any such sub-agent) or the Issuing
Bank in its capacity as such, or against any Related Party of any of the
foregoing acting for the Administrative Agent (or any such sub-agent) or Issuing
Bank in connection with such capacity. The obligations of the Lenders under
this Section 10.3 are subject to the other provisions of this
Agreement concerning several liability of the Lenders. 

23

          9.4   
Waiver of Consequential Damages, Etc.

          To
the fullest extent permitted by Applicable Law, the Obligors shall not assert,
and hereby waive, any claim against any Indemnitee, on any theory of liability,
for indirect, consequential, punitive, aggravated or exemplary damages (as
opposed to direct damages) arising out of, in connection with, or as a result
of, this Agreement, any other Loan Document or any agreement or instrument
contemplated hereby (or any breach thereof), the transactions contemplated
hereby or thereby, any Loan or Letter of Credit or the use of the proceeds
thereof. No Indemnitee shall be liable for any damages arising from the use by
unintended recipients of any information or other materials distributed by it
through telecommunications, electronic or other information transmission systems
in connection with this Agreement or the other Loan Documents or the
transactions contemplated hereby or thereby. 

          9.5  
 Payments

          All
amounts due under this Section shall be payable promptly after demand therefor.
A certificate of the Administrative Agent or a Lender setting forth the amount
or amounts owing to the Administrative Agent, Lender or a sub-agent or Related
Party, as the case may be, as specified in this Section, including reasonable
detail of the basis of calculation of the amount or amounts, and delivered to
the Borrower shall be conclusive absent manifest error. 

10.     Successors and Assigns 

          10.1  
Successors and Assigns Generally 

          The
provisions of this Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns permitted hereby,
except that no Obligor may assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of the Administrative
Agent and each Lender and no Lender may assign or otherwise transfer any of its
rights or obligations hereunder except (i) to an Eligible Assignee in accordance
with the provisions of Section 10.2, (ii) by way of participation in accordance
with the provisions of Section 10.4, or (iii) by way of pledge or assignment of
a security interest subject to the restrictions of Section 10.6 (and any other
attempted assignment or transfer by any party hereto shall be null and void).
Nothing in this Agreement, expressed or implied, shall be construed to confer
upon any Person (other than the parties hereto, their respective successors and
assigns permitted hereby, Participants to the extent provided in Section 10.4
and, to the extent expressly contemplated hereby, the Related Parties of each of
the Administrative Agent and the Lenders) any legal or equitable right, remedy
or claim under or by reason of this Agreement. 

          10.2  
Assignments by Lenders

          Any
Lender may at any time assign to one or more Eligible Assignees all or a portion
of its rights and obligations under this Agreement (including all or a portion
of its Commitment and the Loans at the time owing to it); provided that: 

24

	 	10.2.1 	
      except if an Event of Default has occurred and is
      continuing or in the case of an assignment of the entire remaining amount
      of the assigning Lender’s Commitment and the Loans at the time owing to it
      or in the case of an assignment to a Lender or an Affiliate of a Lender or
      an Approved Fund with respect to a Lender, the aggregate amount of the
      Commitment being assigned (which for this purpose includes Loans
      outstanding thereunder) or, if the applicable Commitment is not then in
      effect, the principal outstanding balance of the Loan of the assigning
      Lender subject to each such assignment (determined as of the date the
      Assignment and Assumption with respect to such assignment is delivered to
      the Administrative Agent or, if "Trade Date" is specified in the
      Assignment and Assumption, as of the Trade Date) shall not be less than
      $5,000,000, in the case of any assignment in respect of a revolving
      facility, or $1,000,000, in the case of any assignment in respect of a
      term facility, unless each of the Administrative Agent and, so long as no
      Default has occurred and is continuing, the Borrower otherwise consent to
      a lower amount (each such consent not to be unreasonably withheld or
      delayed);

	 	 	 
	 	10.2.2 	
      each partial assignment shall be made as an assignment of
      a proportionate part of all the assigning Lender’s rights and obligations
      under this Agreement with respect to the Loan or the Commitment assigned,
      except that this clause (b) shall not prohibit any Lender from assigning
      all or a portion of its rights and obligations among separate credits on a
      non-pro rata basis;

	 	 	 
	 	10.2.3 	
      any assignment of a Commitment relating to a credit under
      which Letters of Credit may be issued must be approved by any Issuing Bank
      (such approval not to be unreasonably withheld or delayed) unless the
      Person that is the proposed assignee is itself already a Lender with a
      Commitment under that credit;

	 	 	 
	 	10.2.4 	
      any assignment must be approved by the Administrative
      Agent (such approval not to be unreasonably withheld or delayed)
      unless:

	 	 	 
	 		10.2.4.1          
      in the case of an assignment of a Commitment relating to a revolving
      credit, the proposed assignee is itself already a Lender with the same
      type of Commitment,
	 	 	 
	 		10.2.4.2           no
      Event of Default has occurred and is continuing, and the assignment is of
      a Commitment relating to a non-revolving credit that is fully advanced,
    or
	 	 	 
	 		10.2.4.3           the
      proposed assignee is a bank whose senior, unsecured, non-credit enhanced,
      long term debt is rated at least A3, A- or A low by at least two of
      Moody’s Investor Services Inc., Standard & Poor’s, a division of The
      McGraw-Hill Companies, Inc. and Dominion Bond Rating Service Limited,
      respectively;

25

	 	10.2.5 	
      any assignment must be approved by the Borrower (such
      approval not to be unreasonably withheld or delayed) unless the proposed
      assignee is itself already a Lender with the same type of Commitment or a
      Default has occurred and is continuing; and

	 	 	 
	 	10.2.6 	
      the parties to each assignment shall execute and deliver
      to the Administrative Agent an Assignment and Assumption, together with a
      processing and recordation fee in an amount specified elsewhere in this
      Agreement and the Eligible Assignee, if it shall not be a Lender, shall
      deliver to the Administrative Agent an Administrative
  Questionnaire.

          Subject
to acceptance and recording thereof by the Administrative Agent pursuant to
Section 10.3, from and after the effective date specified in each Assignment and
Assumption, the Eligible Assignee thereunder shall be a party to this Agreement
and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this Agreement and the other
Loan Documents, including any collateral security, and the assigning Lender
thereunder shall, to the extent of the interest assigned by such Assignment and
Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s
rights and obligations under this Agreement, such Lender shall cease to be a
party hereto) but shall continue to be entitled to the benefits of Sections 3
and 9, and shall continue to be liable for any breach of this Agreement by such
Lender, with respect to facts and circumstances occurring prior to the effective
date of such assignment. Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this section shall be
treated for purposes of this Agreement as a sale by such Lender of a
participation in such rights and obligations in accordance with Section 10.4.
Any payment by an assignee to an assigning Lender in connection with an
assignment or transfer shall not be or be deemed to be a repayment by the
Borrower or a new Loan to the Borrower. 

          10.3 
 Register

          The
Administrative Agent shall maintain at one of its offices in Toronto, Ontario or
Montréal, Québec a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amounts of the Loans owing to, each Lender
pursuant to the terms hereof from time to time (the "Register"). The entries in
the Register shall be conclusive, absent manifest error, and the Borrower, the
Administrative Agent and the Lenders may treat each Person whose name is
recorded in the Register pursuant to the terms hereof as a Lender hereunder for
all purposes of this Agreement, notwithstanding notice to the contrary. The
Register shall be available for inspection by the Borrower and any Lender, at
any reasonable time and from time to time upon reasonable prior notice. 

          10.4  
Participations

          Any
Lender may at any time, without the consent of, or notice to, the Borrower or
the Administrative Agent, sell participations to any Person (other than a
natural person, an Obligor or any Affiliate of an Obligor) (each, a
"Participant") in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a
portion of its Commitment and/or the Loans owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (iii) the Borrower, the Administrative Agent
and the other Lenders shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this
Agreement. Any payment by a Participant to a Lender in connection with a sale of
a participation shall not be or be deemed to be a repayment by the Borrower or a
new Loan to the Borrower. 

26

Subject to Section 10.5, the Borrower agrees that each
Participant shall be entitled to the benefits of Section 3 to the same extent as
if it were a Lender and had acquired its interest by assignment pursuant to
Section 10.2. To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 4 as though it were a Lender, provided such
Participant agrees to be subject to Section 5 as though it were a Lender. 

          10.5  
Limitations upon Participant Rights

          A
Participant shall not be entitled to receive any greater payment under Sections
3.1 and 3.2 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such Participant, unless the sale of the
participation to such Participant is made with the Borrower’s prior written
consent. A Participant that would be a Foreign Lender if it were a Lender shall
not be entitled to the benefits of Section 3.2 unless the Borrower is notified
of the participation sold to such Participant and such Participant agrees, for
the benefit of the Borrower, to comply with Section 3.2(e) as though it were a
Lender. 

          10.6  
Certain Pledges

          Any
Lender may at any time pledge or assign a security interest in all or any
portion of its rights under this Agreement to secure obligations of such Lender,
but no such pledge or assignment shall release such Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender
as a party hereto. 

11.     Governing Law: Jurisdiction: Etc.

          11.1 
 Governing Law 

          This
Agreement shall be governed by, and construed in accordance with, the laws of
the Province specified elsewhere in this Agreement and the laws of Canada
applicable in that Province. 

          11.2 
 Submission to Jurisdiction

          Each
Obligor irrevocably and unconditionally submits, for itself and its property, to
the nonexclusive jurisdiction of the courts of the Province specified elsewhere
in this Agreement, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to this Agreement or any other Loan
Document, or for recognition or enforcement of any judgment, and each of the
parties hereto irrevocably and unconditionally agrees that all claims in respect
of any such action or proceeding may be heard and determined in such court. Each
of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law. Nothing in this
Agreement or in any other Loan Document shall affect any right that the
Administrative Agent or any Lender may otherwise have to bring any action or
proceeding relating to this Agreement or any other Loan Document against any
Obligor or its properties in the courts of any jurisdiction. 

27

          11.3 
 Waiver of Venue

          Each
Obligor irrevocably and unconditionally waives, to the fullest extent permitted
by Applicable Law, any objection that it may now or hereafter have to the laying
of venue of any action or proceeding arising out of or relating to this
Agreement or any other Loan Document in any court referred to in Section 11.2.
Each of the parties hereto hereby irrevocably waives, to the fullest extent
permitted by Applicable Law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. 

12.     Waiver of Jury Trial

          EACH
PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED
ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER
PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN
DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION. 

13.     Counterparts: Integration:
Effectiveness: Electronic Execution 

          13.1  
Counterparts, Integration: Effectiveness 

          This
Agreement may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of
which when taken together shall constitute a single contract. This Agreement and
the other Loan Documents and any separate letter agreements with respect to fees
payable to the Administrative Agent constitute the entire contract among the
parties relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter
hereof. Except as provided in the conditions precedent Section(s) of this
Agreement, this Agreement shall become effective when it has been executed by
the Administrative Agent and when the Administrative Agent has received
counterparts hereof that, when taken together, bear the signatures of each of
the other parties hereto. Delivery of an executed counterpart of a signature
page of this Agreement by telecopy or by sending a scanned copy by electronic mail shall be effective as delivery of a
manually executed counterpart of this Agreement. 

28

          13.2 
 Electronic Execution of Assignments

          The
words "execution," "signed," "signature," and words of like import in any
Assignment and Assumption shall be deemed to include electronic signatures or
the keeping of records in electronic form, each of which shall be of the same
legal effect, validity or enforceability as a manually executed signature or the
use of a paper-based recordkeeping system, as the case may be, to the extent and
as provided for in any Applicable Law, including Parts 2 and 3 of the
Personal Information Protection and Electronic Documents Act (Canada),
the Electronic Commerce Act, 2000 (Ontario) and other similar federal or
provincial laws based on the Uniform Electronic Commerce Act of the Uniform
Law Conference of Canada or its Uniform Electronic Evidence Act, as
the case may be. 

	14. 	
      Treatment of Certain Information:
  Confidentiality

	 	 	 
		14.1 	
      Each of the Administrative Agent and the Lenders agrees
      to maintain the confidentiality of the Information (as defined below),
      except that Information may be disclosed (a) to it, its Affiliates and its
      and its Affiliates’ respective partners, directors, officers, employees,
      agents, advisors and representatives (it being understood that the Persons
      to whom such disclosure is made will be informed of the confidential
      nature of such Information and instructed to keep such Information
      confidential), (b) to the extent requested by any regulatory authority
      purporting to have jurisdiction over it (including any self-regulatory
      authority), (c) to the extent required by Applicable Laws or regulations
      or by any subpoena or similar legal process, (d) to any other party
      hereto, (e) in connection with the exercise of any remedies hereunder or
      under any other Loan Document or any action or proceeding relating to this
      Agreement or any other Loan Document or the enforcement of rights
      hereunder or thereunder, (f) subject to an agreement containing provisions
      substantially the same as those of this Section, to (i) any assignee of or
      Participant in, or any prospective assignee of or Participant in, any of
      its rights or obligations under this Agreement or (ii) any actual or
      prospective counterparty (or its advisors) to any swap, derivative,
      credit-linked note or similar transaction relating to the Borrower and its
      obligations, (g) with the consent of the Borrower or (h) to the extent
      such Information (x) becomes publicly available other than as a result of
      a breach of this Section or (y) becomes available to the Administrative
      Agent or any Lender on a non-confidential basis from a source other than
      an Obligor.

	 	 	 

29

		14.2 	
      For purposes of this Section, "Information" means
      all information received in connection with this Agreement from any
      Obligor relating to any Obligor or any of its Subsidiaries or any of their
      respective businesses, other than any such information that is available
      to the Administrative Agent or any Lender on a non- confidential basis
      prior to such receipt. Any Person required to maintain the confidentiality
      of Information as provided in this Section shall be considered to have
      complied with its obligation to do so if such Person has exercised the
      same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own
confidential information. In addition, the Administrative Agent may disclose to
any agency or organization that assigns standard identification numbers to loan
facilities such basic information describing the facilities provided hereunder
as is necessary to assign unique identifiers (and, if requested, supply a copy
of this Agreement), it being understood that the Person to whom such disclosure
is made will be informed of the confidential nature of such Information and
instructed to make available to the public only such Information as such person
normally makes available in the course of its business of assigning
identification numbers. 

	 	 	
       
	 	14.3 	
      In addition, and notwithstanding anything herein to the
      contrary, the Administrative Agent may provide the information described
      on Exhibit B concerning the Borrower and the credit facilities established
      herein to Loan Pricing Corporation and/or other recognized trade
      publishers of information for general circulation in the loan
    market.

EXHIBIT A

ASSIGNMENT AND ASSUMPTION

          This
Assignment and Assumption (the "Assignment and Assumption") is dated as
of the Effective Date set forth below and is entered into by and between
[Insert name of Assignor] (the "Assignor") and [Insert name of
Assignee] (the "Assignee"). Capitalized terms used but not defined
herein shall have the meanings given to them in the Credit Agreement identified
below (as amended, the "Credit Agreement"), receipt of a copy of which is
hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth
in Annex 1 attached hereto are hereby agreed to and incorporated herein by
reference and made a part of this Assignment and Assumption as if set forth
herein in full. 

          For an
agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the
Assignor, subject to and in accordance with the Standard Terms and Conditions
and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of the Assignor’s rights and
obligations in its capacity as a Lender under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the
amount and percentage interest identified below of all of such outstanding
rights and obligations of the Assignor under the respective facilities
identified below (including without limitation any letters of credit,
guarantees, and swingline loans included in such facilities) and (ii) to the
extent permitted to be assigned under Applicable Law, all claims, suits, causes
of action and any other right of the Assignor (in its capacity as a Lender)
against any Person, whether known or unknown, arising under or in connection
with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan-transactions governed thereby or in any way based on or
related to any of the foregoing, including, but not limited to, contract claims,
tort claims, malpractice claims, statutory claims and all other claims at law or
in equity related to the rights and obligations sold and assigned pursuant to
clause (i) above (the rights and obligations sold and assigned pursuant to
clauses (i) and (ii) above being referred to herein collectively as, the
"Assigned Interest"). Such sale and assignment is without recourse to the
Assignor and, except as expressly provided in this Assignment and Assumption,
without representation or warranty by the Assignor. 

1.        Assignor: 
________________________________________

2.        Assignee:
________________________________________
                            
[and is an Affiliate/Approved Fund of [identify Lender]] 

3.        Borrower(s):
_____________________________________

4.        Administrative
Agent: ____________________, as the administrative agent under the Credit
Agreement 

5.        Credit Agreement:
[The [amount] Credit Agreement dated as of _______among [name of Borrower(s)],
the Lenders parties thereto, [name of Administrative Agent], as Administrative
Agent, and the other agents parties thereto] 

31 

6.         Assigned
Interest: 

	Facility Assigned 

	Aggregate Amount of 
Commitment/Loans
      
for all Lenders 	Amount of 
Commitment/Loans 
Assigned
    	Percentage Assigned 
of
      
Commitment/Loans 	CUSIP Number 

	  	$ 	$ 	% 	  
	  	$ 	$ 	% 	  
	  	$ 	$ 	% 	  

[7.        Trade Date:
_______________________________] 

Effective Date: ___________, 20___ [TO BE INSERTED BY
ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF
TRANSFER IN THE REGISTER THEREFOR.] 

The terms set forth in this Assignment and Assumption are
hereby agreed to: 

ASSIGNOR 
[NAME OF
ASSIGNOR] 

By   
_______________________________
       
Title: 

ASSIGNEE 
[NAME OF
ASSIGNEE] 

By   
_______________________________
       
Title: 

[Consented to and] Accepted: 
[NAME OF ADMINISTRATIVE
AGENT], as Administrative Agent 

By   
_______________________________
       
Title: 

[Consented to:] 

[NAME OF RELEVANT PARTY]

By   
_______________________________
       
Title:

ANNEX 1 to Assignment and Assumption

[______________________] 

STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT AND ASSUMPTION

	1. 	
      Representations and Warranties

	 	 	 
		1.1 	
      Assignor. The Assignor (a) represents and warrants
      that (i) it is the legal and beneficial owner of the Assigned Interest,
      (ii) the Assigned Interest is free and clear of any lien, encumbrance or
      other adverse claim and (iii) it has full power and authority, and has
      taken all action necessary, to execute and deliver this Assignment and
      Assumption and to consummate the transactions contemplated hereby; and (b)
      assumes no responsibility with respect to (i) any statements, warranties
      or representations made in or in connection with the Credit Agreement or
      any other Loan Document, (ii) the execution, legality, validity,
      enforceability, genuineness, sufficiency or value of the Loan Documents or
      any collateral thereunder, (iii) the financial condition of the Borrower,
      any of its Subsidiaries or Affiliates or any other Person obligated in
      respect of any Loan Document or (iv) the performance or observance by the
      Borrower, any of its Subsidiaries or Affiliates or any other Person of any
      of their respective obligations under any Loan Document.

	 	 	 
		1.2 	
      Assignee. The Assignee (a) represents and warrants
      that (i) it has full power and authority, and has taken all action
      necessary, to execute and deliver this Assignment and Assumption and to
      consummate the transactions contemplated hereby and to become a Lender
      under the Credit Agreement, (ii) it meets all requirements of an Eligible
      Assignee under the Credit Agreement (subject to receipt of such consents
      as may be required under the Credit Agreement), (iii) from and after the
      Effective Date, it shall be bound by the provisions of the Credit
      Agreement as a Lender thereunder and, to the extent of the Assigned
      Interest, shall have the obligations of a Lender thereunder, (iv) it has
      received a copy of the Credit Agreement, together with copies of the most
      recent financial statements delivered pursuant to Section ___ thereof, as
      applicable, and such other documents and information as it has deemed
      appropriate to make its own credit analysis and decision to enter into
      this Assignment and Assumption and to purchase the Assigned Interest on
      the basis of which it has made such analysis and decision independently
      and without reliance on the Administrative Agent or any other Lender, and
      (v) if it is a Foreign Lender, attached to the Assignment and Assumption
      is any documentation required to be delivered by it pursuant to the terms
      of the Credit Agreement, duly completed and executed by the Assignee; and
      (b) agrees that (i) it will, independently and without reliance on the
      Administrative Agent, the Assignor or any other Lender, and based on such
      documents and information as it shall deem appropriate at the time,
      continue to make its own credit decisions in taking or not taking action
      under the Loan Documents, and (ii) it will perform in accordance with
      their terms all of the obligations which by the terms of the
Loan Documents are required to be performed by it as a Lender. 

3

	2. 	
      Payments

	 	 
		
      From and after the Effective Date, the Administrative
      Agent shall make all payments in respect of the Assigned Interest
      (including payments of principal, interest, fees and other amounts) to the
      Assignee whether such amounts have accrued prior to, on or after the
      Effective Date. The Assignor and the Assignee shall make all appropriate
      adjustments in payments by the Administrative Agent for periods prior to
      the Effective Date or with respect to the making of this assignment
      directly between themselves.

	 	 
	3. 	
      General Provisions

	 	 
		
      This Assignment and Assumption shall be binding upon, and
      inure to the benefit of, the parties hereto and their respective
      successors and permitted assigns. This Assignment and Assumption may be
      executed in any number of counterparts, which together shall constitute
      one instrument. Delivery of an executed counterpart of a signature page of
      this Assignment and Assumption by telecopy or by sending a scanned copy by
      electronic mail shall be effective as delivery of a manually executed
      counterpart of this Assignment and Assumption. This Assignment and
      Assumption shall be governed by, and construed in accordance with, the law
      governing the Credit Agreement.

SCHEDULE Y 

EXCLUDED SUBSIDIARIES

	
  SunOpta Investments Inc. 

  
	
  Easton Minerals Limited 

  
	
  SunOpta BioProcess Inc. 

  
	
  SunOpta BioProcess USA Inc. 

  
	
  Sun Reach Investments Ltd. 

  
	
  Dalian SunOpta Biomass Equipment Trading Co., Ltd. 

  
	
  Colorado Sun Oil Processing LLC 

  
	
  Opta Minerals Inc. 

  
	
  Temisca, Inc. 

  
	
  Opta Minerals (USA) Inc. 

  
	
  Virginia Materials Inc. 

  
	
  International Materials and Supplies Inc. 

  
	
  MTI01 – 2006 Inc. 

  
	
  Magnesium Technologies Corporation 

  
	
  OPM01 – 2006 Inc. 

  
	
  Bimac Inc. 

  
	
  Opta Minerals A.B. 

  
	
  Opta Minerals A.S. 

  
	
  MCP MG Serbien SAS 

  
	
  Newco A.S. 

  
	
  Cooperatie SunOpta U.A. 

  
	
  The Organic Corporation B.V. 

2

	
  HBBO Dalian Winged Ox 

  
	
  PSOM Sellet Hulling 

  
	
  Trabocca NL 

  
	
  Internamtrade NL 

  
	
  Tradin Organics USA 

  
	
  Tradin Organic Agriculture NL 

  
	
  Supreme Small Holders Coffee Plc. 

  
	
  Nungesser 

  
	
  Tradin Asia (rep office) 

  
	
  Tradin France (rep office) 

  
	
  Tradin Germany (rep office) 

  
	
  Mascoma Corporation 

  
	
  Mascoma Canada Inc. 

  
	
  American Advanced Biofuels Company 

SCHEDULE Z

INTENTIONALLY DELETED

SCHEDULE AA 

EXISTING SUBORDINATED DEBT

(Expressed in US Dollars) 

	Former Shareholder of Aux Mille et Une
      Saisons 	$	259,000* 	 
	 	 	 	 
	Former Shareholder of The Organic
      Corporation (Tradin) 	$	10,020,000** 	 

	* 	
      - denotes underlying debt is denominated in Canadian
      dollars.

	 	 
	** 	
      - denotes underlying debt is denominated in
  Euro

Further particulars in respect of such Subordinated Debt
referred to above is set out below.

		Name(s) of Holder(s)
      of 	 	Amount of Subordinated
      Debt 
		Subordinated
      Debt 	 	  
		(the
      “Subordinator”) 	 	  
	  	  	 	  
	
      1. 
	
      Molina Beheer B.V. and G.J.M. 
Versteegh Veheer B.V.
      
		
      Certain purchase price amounts including an amount which
      is to be the greater of 8 million Euro or 2.5 times EBIDTA pursuant to a
      share purchase agreement (“Purchase Agreement”) dated as of April
      2, 2008 entered into among, inter alia, Cooperatie SunOpta U.A., as
      purchaser, SunOpta Inc., as guarantor, the Subordinator, as vendor, with
      respect to the purchaser’s purchase of all of the shares of The Organic
      Corporation B.V., but excluding the cash portion of Purchase Price I in
      the amount of 6 million Euro and pledge of the Purchased Shares (both
      terms as defined in the Purchase Agreement). 

SCHEDULE BB 
PERMITTED
LIENS

See attached.

2 

SCHEDULE BB 
PERMITTED LIENS 

	Definitions: 	 	  	  
	NFMD - 	No Fixed Maturity Date 	MV - 	Motor Vehicle Included 
	C - 	Consumer Goods 	VIN - 	Vehicle Identification Number 
	E - 	Equipment 	O - 	Other 

ONTARIO

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description 
	1. 	DCFS Canada Corp. 
Mercedes-Benz Financial
    	640995687 	November 27, 2011 	20071127 1946 1531 
9014 
Term 4 years
	Sunopta Inc. 
Purity Life Health
      
Products 
Purity Life Health 
Products Limited 	E, O, MV 
2008 Mercedes-Benz SS550W4M VIN
      No. 
WDDNG86X58A177899 
	2. 	CIT Financial Ltd. 	634385178 	April 16, 2013 
 

	20070416 1639 1616 
5558 
Term 6 years 	Purity Life Health 
Products Limited 	E, O 
Canon Copying Equipment
	 	 	 	 	20070529 1433
      1616 
7252 	Sunopta Inc. 	E –
      Transfer 
From Debtor: Purity Life Health Products 
Limited to
      Debtor: Sunopta Inc. 
	3. 	Xerox Canada Ltd. 	650551167 	December 15, 2014 
 	20081215 1702 1462 7766 

    Term 6 years 	Sunopta Inc. 	E, O – NFMD 
	4. 	Xerox Canada Ltd. 	649806642 	November 7, 2014 
 	20081107 1403 1462 0344 

    Term 6 years 	Sunopta Inc. 	E, O – NFMD 

3 

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description 
	5. 	Penske Truck Leasing 
Canada Inc.
      
Locations De Camions 
Penske Canada Inc. 	646387218 	June 25, 2015 	20080625 1403 1462 
2065 
Term 7 years
	Sunopta Inc. 	E, O, MV 
2009 International 4300
      
1HTMMAAK29H048905 
Together with all attachments accessories
      accessions replacements substitutions additions and improvements thereto,
      including, but not limited to Xata and Qualcomm systems, and all proceeds
      in any form derived directly or indirectly from any sale and or dealings
      with the collateral and a right to an insurance payment or other payment
      that indemnifies or compensates for loss or damage to the collateral or
      proceeds of the collateral. 
	6. 	Penske Truck Leasing 
Canada Inc.
      
Locations De Camions 
Penske Canada Inc. 	643726602 	March 31, 2015 	20080331 1003 1462 
2145 
Term 7 years
	Sunopta Inc. 	E, O, MV 
2008 Freightliner M2 VIN No.
      
1FVACXDU38DZ94427 
Together with all attachments accessories
      accessions replacements substitutions additions and improvements thereto,
      including, but not limited to Xata and Qualcomm systems, and all proceeds
      in any form derived directly or indirectly from any sale and or dealings
      with the collateral and a right to an insurance payment or other payment
      that indemnifies or compensates for loss or damage to the collateral or
      proceeds of the collateral. 
	7. 	Xerox Canada Ltd. 	642523041 	February 5, 2014 
 	20080205 1702 1462 
2430 

    Term 6 years 	Sunopta Inc. 	E, O – NFMD 

4 

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description
  
	8. 	DCFS Canada Corp.
      
Mercedes-Benz Financial 	640995687 	November 27, 2011 	20071127 1946 1531 
9014 

Term 4
      years 
	Sunopta Inc. 
Purity Life Health
      
Products 
Purity Life Health 
Products Limited 	E, O, MV 
2008 Mercedes-Benz
      SS550W4M VIN No. WDDNG86X58A177899 
	9. 	Xerox Canada Ltd. 	640619901 	November 13, 2013 
 	20071113 1002 1462 3895 

    Term 6 years	Sunopta Inc. 	E, O – NFMD 
	10. 	Xerox Canada Ltd. 	634814496 	April 30, 2013 
 	20070430 1704 1462 7788 

    Term 6 years 	Sunopta Inc. 	E, O – NFMD 
	11. 	CIT Financial Ltd. 	634385178 	April 16, 2013 
 	20070416 1639 1616 5558 

    Term 6 years 	Purity Life Health Products Limited 	E, O 
Canon Copying Equipment
    
	  	  	634385178 	  	20070529 1433 1616 7252 	Sunopta Inc. 	E – Transfer 
From Debtor:
      Purity Life Health Products Limited to Debtor: Sunopta Inc. 
	12. 	Xerox Canada Ltd. 	618414669 	August 30, 2011 
 	20050830 1705 1462 6644 

    Term 6 years 	Sunopta Inc. 	E, O

5 

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description
  
	13.	
      Penske Truck Leasing 
Canada Inc. 

      Locations De Camions 
Penske Canada Inc. 
	618335838 	August 26, 2012 	20050826 1950 1531 
2913 
Term 7 years
	Hahamovitch 
Kosher Imports Inc. 
	
      E, O, MV – NFMD 

      2006 Freightliner M2 
VIN No. 1FVACXDCX6HV89517 

      Together with all attachments accessories accessions replacements
      substitutions additions and improvements thereto, including, but not
      limited to Xata and Qualcomm systems, and all proceeds in any form derived
      directly or indirectly from any sale and or dealings with the collateral
      and a right to an insurance payment or other payment that indemnifies or
      compensates for loss or damage to the collateral or proceeds of the
      collateral. 

	  	  	  	  	20060328 1703 1462 2825 	SunOpta Inc. 	Add Debtor Name 
	14. 

	Xerox Canada Ltd. 

	617683518 

	August 5, 2011 

	20050805 1704 1462 
1846 
Term 6 years
	Sunopta Inc. (BC) 
Supreme Foods Inc.
      
Sunopta Inc. (ON) 	E, O 
	15. 	G.N. Johnston Equipment Co. Ltd.
    	659175129 	February 9, 2014 	20100209 1345 1097 3856 	SunOpta Inc. 	
	16. 	Xerox Canada Ltd. 	659299131 	February 17, 2016 	20100217 1402 1462 5352 	SunOpta Inc. 	E, O

6

BRITISH COLUMBIA

	  	Secured Party(ies) 	Control No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description
  
	1. 	Xerox Canada Ltd. 	B6817300 
(Aug. 5, 2005) 	August 5, 2011 	503246C Term "6 years 	Sunopta Inc. (BC) Supreme Foods Inc. Sunopta
      Inc. (ON) 	
      All present and future office equipment and software supplied or
      financed from time to time by the secured party (whether by lease,
      conditional sale or otherwise), whether or not manufactured by the secured
      party or any affiliate thereof. 

      Classifications: Equipment, Other 

	2. 	Xerox Canada Ltd. 	B6867130 
(Aug 30, 2005) 	August 30, 2011 	551698C Term 
6 years 	Sunopta Inc. 	
      Equipment, Other 

      All present and future office equipment and software supplied or
      financed from time to time by the secured party (whether by lease,
      conditional sale or otherwise), whether or not manufactured by the secured
      party or any affiliate thereof. 

	3. 	
      Penske Truck Leasing Canada Inc. 

      Locations De Camions Penske Canada Inc. 
	B86860888 
(Aug. 26, 2005) 	August 26, 2012 	545581C Term 
7 years 	Hahamovitch Kosher Imports Inc. 	MV Serial No. 1FVACXDCX6HV89517
      2006Freightliner M2 

Together with all attachments accessories
      accessions replacements substitutions additions and improvements thereto,
      including, but not limited to Xata and Qualcomm systems, and all proceeds
      in any form derived directly or indirectly from any sale and or dealings
      with the collateral and a right to an insurance payment or other payment
      that indemnifies or compensates for loss or damage to the collateral or
      proceeds of the collateral. 
	
	
	B7232430 
(Mar 23, 2006) 	
	906148C 
	Added: 
Sunopta Inc. 	Amendment to add Debtor: Sunopta
      Inc. 

7 

	  	Secured Party(ies) 	Control No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description
  
	4. 	Westminster Auto
    Leasing Ltd.  	B7687849 

    (Nov 14, 2006)  	November 14, 2015
     	348406D 

    Term 6 years  	Sunopta Inc. – Pro
    Organics Division  	
      MV Serial No. JL6FJP1E07K005411 2007
      Mitsubishi FM330
      26 Foot Collins Insulated Van Body Serial No. P15868 with Maxon
      Raillift Model BMRAW44 Serial No. 060679509 & Thermo King Refrigeration
      Unit MD300/30R Serial No. 09636K2189 

	 	 	D0128151 

    (Aug 19, 2010)  	 	720814F  	 	
      Renewal of 3 years 
	 	Jim Pattison
    Industries Ltd.  	D0128204 

    (Aug 19, 2010)  	 	348406D  	UNFI Canada Inc. 

    United Natural Foods Inc.  	
      Addition of secured party and debtor names.
      
	 	 	D0128280 

    (Aug 19, 2010)  	 	720961F  	 	
      Correction of debtor address 
	 	 	D0133771 

    (Aug 23, 2010)  	 	726263F  	 	
      Addition of Collateral:
      26 Foot Collins Insulated Van Body Serial # P15868 Maxon Raillift Model
      BMRAW44 Serial # 060679509 Thermo King Refrideration Unit MD300/30R Serial
      # 09636K2189 

	5. 	Westminster Auto
    Leasing Ltd.  	B7720111 

    (Dec 1, 2006)  	December 1, 2015
     	379774D 

    Term 6 years  	Sunopta Inc. – Pro
    Organics Division  	
      MV Serial No. JL6FJP1E36K002100 2006
      Mitsubishi FM330
      26 Foot Collins Insulated Van Body Serial No. P15867 with Maxon
      Raillift Model BMRAW44 Serial No. 060679505 Thermo King Refrigeration Unit
      MD300/30R Serial No. 09636K2190 

	 	
      Jim Pattison Industries Ltd. 	D0128315 

    (Aug 19, 2010)  	 	720973F  	UNFI Canada Inc.
    United Natural Foods Inc.  	Addition of Secured
    Party and Debtor Names  
	
	 	D0128643 

    (Aug 19, 2010)  	 	721300F 	 	Renewal of 3 years
    

  

    8 

	  	Secured Party(ies) 	Control No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description
  
	6. 

	Penske Truck Leasing Canada Inc.
      

Locations De Camions Penske Canada Inc. 	B8632741 
(Mar 28, 2008) 
	March 28, 2015 

	266599E 
Term 7 years 
	Sunopta Inc. 

	MV Serial No. 1FVACXDU38DZ94427
      2008 Freightliner M2 

Together with all attachments accessories
      accessions replacements substitutions additions and improvements thereto,
      including, but not limited to Xata and Qualcomm systems, and all proceeds
      in any form derived directly or indirectly from any sale and or dealings
      with the collateral and a right to an insurance payment or other payment
      that indemnifies or compensates for loss or damage to the collateral or
      proceeds of the collateral. 
	7. 

	Penske Truck Leasing Canada Inc.
      

Locations De Camions Penske Canada Inc. 	B8814408 
(Jun 24, 2008) 
	June 24, 2015 

	441495E 
Term 7 years 
	Sunopta Inc. (QC) 
Sunopta Inc. (ON) 
	MV Serial No. 1HTMMAAK29H048905
      2009 International 4300 

Together with all attachments accessories
      accessions replacements substitutions additions and improvements thereto,
      including, but not limited to Xata and Qualcomm systems, and all proceeds
      in any form derived directly or indirectly from any sale and or dealings
      with the collateral and a right to an insurance payment or other payment
      that indemnifies or compensates for loss or damage to the collateral or
      proceeds of the collateral. 
	8. 

	Westminster Auto Leasing Ltd.
      

	B8962629 
(Sep 11, 2008) 
	September 11, 2019 

	585483E 
Term 6 years 
	Sunopta Inc. – Pro Organics Division

	MV Serial No. JL6FJP1E68K002076
      2008 Mitsubishi FM330 

26' Collins Insulated Van Body Serial No.
      P17156 Maxon BMRAW-44 Gate Serial No. 0208128753 Thermo King MD300-3SR
      Refrigeration Unit Serial No. 300001463 TKMD300-30SR Electric Standby
  
	
	
	D0128196 
(Aug 19, 2010) 	
	720859F 
	
	Renewal of 5 years
  

9 

	  	Secured Party(ies) 	Control No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description
  
		Jim Pattison Industries Ltd. 	D0128220 (Aug 19, 2010) 		720929F 	UNFI Canada Inc. United Natural Foods Inc. 	Addition of Secured Party and
      Debtor names. 
	
	
	D0128629 
(Aug 19, 2010) 	
	721288F 
	
	Addition of Collateral: 
26'
      Collins Insulated Vanbody Serial#P17156 with Maxon BMRAW-44 Gate
      SN#0208128753, Thermo King MD300- 30SR Refrigeration Unit SN#3000021463,
      TKMD300-30SR Electric Standby. 
	9. 
	Jim Pattison Industries Ltd.
    
	B9134881 
(Dec 19, 2008) 
	December 19, 2014 
	752893E Term 
6 years 
	Sunopta Inc. – Pro Organics Division 
	MV Serial No. JL6FJP1E88K002077
      2008 Fuso FM330 
Collateral Classification: Equipment 
	
	
	D0128999 
(Aug 19, 2010) 	
	721647F 
	
	Addition of Collateral: 
26'
      Collins Insulated Vanbody Serial #P17314 Maxon BMRAW-44 Liftgate Serial
      #0708139563 Thermo King MD300-30SR Refrigeration Unit Serial #3000043911
      with Electric Standby. 
	

	

	D0129027 (Aug 19, 2010) 

	

	

	UNFI Canada Inc. United Natural 
Foods Inc.
      
	Addition of Debtor names and
      change Vehicle make: 
Delete vehicle make in the original registration
      and add the following: 
"MV Serial No. JL6FJP1E88K002077 2008
      Mitsubishi FM330" 
	10. 
	G.N. Johnston Equipment Co. Ltd.
      
	B9824737 

(Feb 24, 2010) 	February 24, 2014 
	424925F 

Term 4 years 	Sunopta Inc. 
	MV Serial No. 840-10-84041 2010
      Raymond 8400-FRE60L 

Deka Battery Model 12-H80-13-3019 Serial No.
      3150LS Deka Charger Model 910T3- 18UM Serial No. 409CS76379 Battery
      Watering Systems With Bid Modules 

10 

	 	Secured Party(ies) 	Control No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description 
	11. 	Xerox Canada Ltd. 	D0118231 
(Aug 13, 2010) 	August 13, 2015 	711132F Term 
5 years 	SunOpta Inc. 	Equipment, other all present and future office
      equipment and software supplied or financed from time to time by the
      secured party (whether by lease, conditional sale or otherwise), whether
      or not manufactured by the secured party or any affiliate thereof.
  

QUEBEC

	

	Registration Number 
Registration
      Date 
Expiration Date 	
Nature 
	
Holder 
	
Grantor 
	
(Summary) Description of Property
      
	
Amount 
	
Comments 

	1. 	05-0494620-0001 
August 29, 2005 
August
      26, 2012 	Rights under a lease 	Lessor Penske Truck Leasing Canada Inc
      
Locations de camions Penske Canada Inc 	Lessees Hahamovitch Kosher Imports Inc
      
SunOpta Inc 	Specifically described vehicle. Together with
      all attachments, accessories, accessions, replacements, substitutions,
      additions and improvements thereto, including, but not limited to XATA and
      Qualcomm systems, and all proceeds in any form derived directly or
      indirectly from any sale and or dealings with the collateral and a right
      to an insurance payment or other payment that indemnifies or compensates
      for loss or damage to the collateral or proceeds of the collateral. 	N/A 	A modification of a published right was filed
      on March 24, 2006 under number 06- 0150388-0004 to add SunOpta Inc as
      Lessee. 

11 

	

	Registration Number 
Registration
      Date 
Expiration Date 	
Nature 
	
Holder 
	
Grantor 
	
(Summary) Description of Property
      
	
Amount 
	
Comments 

	2. 	08-0163233-0005 
March 28, 2008 
March
      28, 2015 

	Rights under a lease 	Lessor 
Penske Truck 
Leasing
      
Canada Inc 

Locations de 
Camions 
Penske 
Canada Inc
      

	Lessee 
SunOpta Inc 	Specifically described vehicle together with
      all attachments, accessories, accessions, replacements, substitutions,
      additions and improvements thereto, including, but not limited to Xata and
      Qualcomm systems, and all proceeds in any form derived directly or
      indirectly from any sale and or dealings with the collateral and a right
      to an insurance payment or other payment that indemnifies or compensates
      for loss or damage to the collateral or proceeds of the collateral. 	N/A 	  
	3. 	08-0374190-0004 
June 27, 2008 
June 24,
      2015 

	Rights under a lease 	Lessor 

Penske Truck 
Leasing
      
Canada Inc 

Locations de 
Camions 
Penske 
Canada Inc
      

	Lessee 
SunOpta Inc 	Specifically described vehicle together with
      all attachments, accessories, accessions, replacements, substitutions,
      additions and improvements thereto, including, but not limited to Xata and
      Qualcomm systems, and all proceeds in any form derived directly or
      indirectly from any sale and or dealings with the collateral and a right
      to an insurance payment or other payment that indemnifies or compensates
      for loss or damage to the collateral or proceeds of the collateral. 	N/A 	  
	4. 	10-0469417-0001 
July 14, 2010 
December
      31, 2010 
	Rights under a lease 	Lessor Belmont Lift Inc 	Lessee SunOpta Inc 	Specifically described movable property. 	N/A 	  

12 

DELAWARE SECRETARY OF STATE

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description 
	1. 	General Electric Capital Corporation 	20080513224 	  	  	SunOpta Food 
Group LLC 
SunOpta
      Holdings, Inc. 	Specific equipment pursuant to a lease 
	  	  	20090211919 	  	  	SunOpta Food Group LLC 	Amendment of 80513224 to add additional
      equipment 
	2. 	General Electric Capital Corporation 	20081572351 	  	  	SunOpta Food 
Group LLC 
SunOpta
      Holdings, Inc. 	Specific equipment pursuant to a lease 
	3. 	General Electric Capital Corporation 	20082370946 	  	  	SunOpta Food 
Group LLC 
SunOpta
      Holdings, Inc. 	Specific equipment pursuant to a lease 
	4. 	General Electric Capital Corporation 	20082493193 	  	  	SunOpta Food 
Group LLC 
SunOpta
      Holdings, Inc. 	Specific equipment pursuant to a lease 
	5. 	General Electric Capital Corporation 	20082644563 	  	  	SunOpta Food 
Group LLC 
SunOpta
      Holdings, Inc. 	Specific equipment pursuant to a lease 
	6. 	General Electric Capital Corporation 	20082775227 	  	  	SunOpta Food 
Group LLC 
SunOpta
      Holdings, Inc. 	Specific equipment pursuant to a lease 
	  	  	20082863833 	  	  	SunOpta Food Group LLC 	Amendment of 82775227 to add additional
      equipment 

13 

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term
	Debtor(s) 	Collateral Description
  
	7. 	General Electric Capital
      Corporation 	20082834461 	  	  	SunOpta Food 
Group LLC 
SunOpta
      Holdings, Inc. 	Specific equipment pursuant to a
      lease 
	8. 	General Electric Capital
      Corporation 	20082834479 	  	  	SunOpta Food 
Group LLC 
SunOpta
      Holdings, Inc. 	Specific equipment pursuant to a
      lease 
	9. 	General Electric Capital
      Corporation 	20083089503 	  	  	SunOpta Food 
Group LLC 
SunOpta
      Holdings, Inc. 	Specific equipment pursuant to a
      lease 
	10. 	General Electric Capital
      Corporation 	20083275284 	  	  	SunOpta Food 
Group LLC 
SunOpta
      Holdings, Inc. 	Specific equipment pursuant to a
      lease 
	11. 	Wells Fargo Equipment Finance,
      Inc. 	20092789383 	  	  	SunOpta Food Group LLC 	Specific equipment pursuant to a
      lease 
	12. 	Alard Equipment Corporation 	71961365 	  	  	SunOpta Ingredients Inc. 	Specific equipment pursuant to a
      lease 
	13. 	General Electric Capital
      Corporation 	20080513224 	  	  	SunOpta Holdings 
Inc. 
SunOpta Food
      
Group LLC 	Specific equipment 
	  	  	90211919 	  	  	SunOpta Holdings Inc. 	Amendment of 20080513224 to add
      specific equipment to the collateral and to specify that transaction
      relating to the property is a lease 
	14. 	General Electric Capital
      Corporation 	20081572351 	  	  	SunOpta Holdings Inc. 
SunOpta Food
      
Group LLC 	Specific equipment

14 

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term
	Debtor(s) 	Collateral Description
  
	15. 	General Electric Capital
      Corporation 	20082370946 	  	  	SunOpta Holdings Inc. 
SunOpta Food
      
Group LLC 	Specific equipment pursuant to a
      lease 
	16. 	General Electric Capital
      Corporation 	20082493193 	  	  	SunOpta Holdings Inc. 
SunOpta Food
      
Group LLC 	Specific equipment pursuant to a
      lease 
	17. 	General Electric Capital
      Corporation 	20082644563 	  	  	SunOpta Holdings Inc. 
SunOpta Food
      
Group LLC 	Specific equipment pursuant to a
      lease 
	18. 	General Electric Capital
      Corporation 	20082775227 	  	  	SunOpta Holdings Inc. 
SunOpta Food
      
Group LLC 	Specific equipment pursuant to a
      lease 
	  	  	82863833 	  	  	SunOpta Holdings Inc. 	Amendment of 20082775227 to add
      additional equipment 
	19. 	General Electric Capital
      Corporation 	20082834461 	  	  	SunOpta Holdings Inc. 
SunOpta Food
      
Group LLC 	Specific equipment pursuant to a
      lease 
	20. 	General Electric Capital
      Corporation 	20082834479 	  	  	SunOpta Holdings Inc. 
SunOpta Food
      
Group LLC 	Specific equipment pursuant to a
      lease 
	21. 	General Electric Capital
      Corporation 	20083089503 	  	  	SunOpta Holdings Inc. 
SunOpta Food
      
Group LLC 	Specific equipment pursuant to a
      lease 

15 

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description 
	  	  	20093213524 	  	  	SunOpta Holdings Inc. 
SunOpta Food Group
      LLC 	Amendment of 20083089503 to amend the
      collateral description to add additional equipment 
	22. 	General Electric Capital Corporation 	20083275284 	  	  	SunOpta Holdings Inc. 
SunOpta Food Group
      LLC 	Specific equipment pursuant to a lease 
	23. 	NMHG Financial Services Inc. 	20093003214 	  	  	SunOpta 
Ingredients Inc. 	All equipment pursuant to lease 
	24. 	Toyota Motor Credit Corporation 	20102470312 	  	  	SunOpta 
Ingredients, Inc. 	Specific equipment pursuant to lease 
	  	  	20102480477 	  	  	SunOpta 
Ingredients Inc. 	Amendment of 20102470312 to amend the name of
      the Debtor to Sunopta Ingredients Inc. 

MINNESOTA SECRETARY OF STATE

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description 
	1. 	Societe Generale 	20039810293 	  	  	Sunrich LLC 
Sunrich Inc. 	All of Debtor's right to payment of any balance
      which may exist in Debtor's account with Fimat USA, Inc. and all of
      Debtor's rights to futures, options or foreign exchange contracts 
	  	  	20071888792 	  	  	Sunrich LLC 	Assignment of 20039810293 to Fimat
      International Banque S.A. (UK Branch) 
	  	  	20071924182 	  	  	Sunrich LLC 	Amendment of 20039810293 to amend Debtor to:
      Sunrich LLC 
	  	  	20081060920 	  	  	Sunrich LLC 	Amendment of 20039810293 to amend Secured Party
      to: Newedge Group (UK Branch) 

16 

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term 	Debtor(s) 	Collateral Description 
	  	  	20081416526 	  	  	Sunrich LLC 	Continuation of 20039810293 
	2. 	Agstar Financial Services, ACA 	200413662683 	  	  	Sunrich LLC 
Sunrich, Inc. 	Specific Equipment 
	  	  	20091708514 	  	  	Sunrich LLC 	Continuation of 200413662683 
	3. 	Agstar Financial Services, ACA 	200515568675 	  	  	Sunrich LLC 	Specific equipment 
	  	  	20101923053 	  	  	Sunrich LLC 	Continuation of 200515568675 
	4. 	Toyota Motor Credit Corporation 	200611583421 	  	  	Sunrich LLC 	Specific equipment 
	5. 	FPC Financial, F.S.B. 	20061178057 	  	  	Sunrich LLC 	Certain contract rights and accounts receivable
      outstanding purchased by Secured Party 
	6. 	Agstar Financial Services, ACA 	200611826053 	  	  	Sunrich LLC 	Specific equipment 
	7. 	Reardon Office Equipment Inc. 	200612617752 	  	  	Sunrich LLC 
Sunrich Inc. dba 
Earthwise
      
Processors LLC 	Specific equipment 
	8. 	Robert Reiser & Co., Inc. 	200812841502 	  	  	Sunrich LLC 	Specific equipment 
	9. 	NMHG Financial Services, Inc. 	200916424001 	  	  	Sunrich LLC 	All equipment leased by Lessor to Lessee 
	10. 	Nissan Motor Acceptance Corporation 	201022152406 	  	  	Sunrich LLC 	Specific Equipment 
	11. 	Tetra Pak, Inc. 	20039107011 	  	  	SunOpta Aseptic Inc. 
Nordic Aseptic Inc.
	The financing statement refers to an Exhibit A
      which is not attached 
	  	  	20061414276 	  	  	SunOpta Aseptic Inc. 	Amendment to 20039107011 to amend Debtor to:
      SunOpta Aseptic Inc. 
	  	  	20081297934 	  	  	SunOpta Aseptic Inc. 	Continuation of 20039107011

17 

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term
	Debtor(s) 	Collateral Description 
	12. 	Herc-U-Lift Inc. 	200610064155 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	13. 	Herc-U-Lift Inc. 	200718182034 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	14. 	Herc-U-Lift Inc. 	200718194602 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	15. 	Tetra Pak, Inc. 	200810702752 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	16. 	Citicorp Leasing, Inc. 	200813624279 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	17. 	Citicorp Leasing, Inc. 	200813624356 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	18. 	Wells Fargo Equipment Finance, Inc. 	200814317668 	  	  	SunOpta Aseptic Inc. 	Specific equipment pursuant to a lease 
	19. 	Tetra Pak, Inc. 	200914590654 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	20. 	Herc-U-Lift Inc. 	200915297061 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	21. 	Herc-U-Lift Inc. 	200915646810 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	22. 	Herc-U-Lift Inc. 	200916606423 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	23. 	NMHG Financial Services, Inc. 	200917761563 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	24. 	Herc-U-Lift Inc. 	201018840677 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	25. 	Herc-U-Lift Inc. 	201019650632 	  	  	SunOpta Aseptic Inc. 	Specific equipment 
	26. 	Wells Fargo Equipment Finance, Inc. 	201021404109 	  	  	SunOpta Aseptic Inc. 	Specific equipment pursuant to a lease
  

18

CALIFORNIA SECRETARY OF STATE

	  	Secured Party(ies) 	File No. 	Expiry Date 	Registration No. / Term
	Debtor(s) 	Collateral Description
  
	1. 	Toyota Motor Credit Corporation
    	10-7232117852 	  	  	SunOpta Global Organic Ingredients Inc. 	Specific equipment 
	2. 	Toyota Motor Credit Corporation
    	10-7232124466 	  	  	SunOpta Global Organic Ingredients Inc. 	Specific equipment 
	3. 	Wells Fargo Bank, N.A. 	10-7244687897 	  	  	SunOpta Global Organic Ingredients Inc. 	Specific equipment

SCHEDULE CC 

BMO AFFILIATES 

4197569 Canada Inc.
Bank of Montreal Assessoria e Serviços
Ltda.
Bank of Montreal Capital Markets (Holdings) Limited
BMO Capital
Markets Limited
Pyrford International Limited
Bank of Montreal Finance
Ltd.
Bank of Montreal Global Capital Solutions Ltd.
Bank of Montreal
Holding Inc.
Bank of Montreal Holding Enterprise Inc.
Bank of Montreal
Holding Investments Inc.
Bank of Montreal Securities Canada Limited
BMO
Nesbitt Burns Corporation Limited
BMO Nesbitt Burns Inc. and
subsidiaries
BMO Holding Finance, LLC
BMO Investments Inc. and
subsidiaries
BMO Investments Limited
Bank of Montreal (Barbados)
Limited
Bank of Montreal Insurance (Barbados) Limited 
BMO InvestorLine
Inc.
BMO Nesbitt Burns Trading Corp. S.A.
BMO Service Inc.
Bank of
Montreal Ireland plc
Bank of Montreal Mortgage Corporation
BMO Mortgage
Corp.
BMRI Realty Investments
Bay Street Number Twenty-Nine Ltd.
BMO
Capital Corporation
BMO Funding, L.P.
BMO (NS) Investment Company and
subsidiary
BMO GP Inc.
BMO Ireland Finance Company
BMO Life Insurance
Company
BMO Nevada LP
BMO (NS) Capital Funding Company and
subsidiary
BMO Private Equity (Canada) Inc.
BMO Equity Partners Fund Inc.
and subsidiaries
BMO Equity Partners Management Inc.
BMO Nesbitt Burns
Employee Co-Investment Fund I Management (Canada) Inc. and subsidiaries
BMO
Trust Company
Guardian Group of Funds Ltd. and subsidiaries
BMO (US)
Lending, LLC
Harris Financial Corp.

2

BMO Capital Markets Corp.
BMO Capital Markets Equity Group
(U.S.), Inc. and subsidiaries
BMO Capital Markets Financing, Inc.
BMO
Capital Markets GKST Inc.
BMO Financial, Inc.
BMO Financial Products
Corp.
BMO Global Capital Solutions, Inc.
Harris Bancorp Insurance
Services, Inc.
Harris Bankcorp, Inc.
Community Financial Services,
LLC
Harris Central N.A.
Harris Investment Management, Inc. and
subsidiary
Harris Investor Services, Inc.
Harris Life Insurance
Company
Harris National Association and subsidiaries
Harris Trade Services
Limited
The Harris Bank N.A.
Harris RIA Holdings, Inc. and
subsidiaries
BMO Life Insurance Company 
BMO Nesbitt Burns Corporation
Limited 
BMO Trust Company 
BMO Mortgage Corp. 
BMO Capital Corporation

Bank of Montreal Global Capital Solutions Ltd. 
BMO Investments Inc.

BMO InvestorLine Inc. 
BMO Private Equity (Canada) Inc. 
Guardian
Group of Funds Ltd. 
BMO Funding, L.P. 
BMO Nevada L.P. 
Harris
Investor Services, Inc. 
BMO (US) Lending, LLC 
BMO Global Capital
Solutions, Inc. 
BMO Financial Products Corp. 
Harris Bancorp Insurance
Services, Inc. 
Harris Bankcorp, Inc. 
Harris Investment Management, Inc.

BMO Capital Markets GKST Inc.Nature's Call Brands Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

NATURE’S CALL BRANDS INC. 
2010 STOCK OPTION PLAN 

This 2010 Stock Option Plan (the “Plan”) provides for
the grant of options to acquire shares of common stock, par value of $0.001 per
share (the “Common Stock”), of Nature’s Call Brands Inc., a Nevada
corporation (the “Company”). For the purposes of Eligible Employees (as
defined below) who are subject to tax in the United States, stock options
granted under this Plan that qualify under Section 422 of the United States
Internal Revenue Code of 1986, as amended (the “Code”), are referred to
in this Plan as “Incentive Stock Options”. Incentive Stock Options and stock
options that do not qualify under Section 422 of the Code (“Non-Qualified
Stock Options”) and stock options granted to non-United States residents
under this Plan are referred to collectively as “Options”. 

	1. 	PURPOSE 

1.1                  The purpose of this Plan is to retain the services of
valued directors, officers, key employees, and consultants of the Company and
such other persons as the Plan Administrator shall select in accordance with
Section 3 below, and to encourage such persons to acquire a greater proprietary
interest in the Company, thereby strengthening their incentive to achieve the
objectives of the stockholders of the Company, and to serve as an aid and
inducement in the hiring of new employees and to provide an equity incentive to
persons selected by the Plan Administrator. 

1.2                 This Plan shall at all times be subject to all legal
requirements relating to the administration of stock option plans, if any, under
applicable United States federal and state securities laws, the Code, the rules
of any applicable stock exchange or stock quotation system, and the rules of any
foreign jurisdiction applicable to Options granted to residents therein
(collectively, the “Applicable Laws”). 

	2. 	ADMINISTRATION 

2.1               
This Plan shall be administered initially by the Board of Directors of the
Company (the “Board”), except that the Board may, in its discretion,
establish a committee composed of two (2) or more members of the Board or two
(2) or more other persons to administer the Plan, which committee (the
“Committee”) may be an executive, compensation or other committee,
including a separate committee especially created for this purpose. The Board
or, if applicable, the Committee is referred to herein as the “Plan
Administrator”. 

2.2                 If
and so long as the Common Stock is registered under Section 12(b) or 12(g) of
the United States Securities Exchange Act of 1934, as amended (the
“Exchange Act”), the Board shall consider in selecting the Plan
Administrator and the membership of any Committee, with respect to any persons
subject or likely to become subject to Section 16 of the Exchange Act, the
provisions regarding (a) “outside directors” as contemplated by Section 162(m)
of the Code, and (b) “Non-Employee Directors” as contemplated by Rule 16b-3
under the Exchange Act. 

2.3               
The Committee shall have the powers and authority vested in the Board hereunder
(including the power and authority to interpret any provision of the Plan or of
any Option). The members of any such Committee shall serve at the pleasure of
the Board. A majority of the members of the Committee shall constitute a quorum,
and all actions of the Committee shall be taken by a majority of the members
present. Any action may be taken by a written instrument signed by all of the
members of the Committee and any action so taken shall be fully effective as if
it had been taken at a meeting. 

2.4               
Subject to the provisions of this Plan, and with a view to effecting its
purpose, the Plan Administrator shall have the sole authority, in its absolute
discretion, to: 

	 	(a) 	construe and interpret this Plan; 
	 	 	 
	 	(b) 	define the terms used in the Plan; 
	 	 	 
	 	(c) 	prescribe, amend and rescind the rules and regulations relating to
      this Plan; 

- 2 - 

	 	(d) 	correct any defect, supply any omission or reconcile any inconsistency
      in this Plan; 
	 	 	 
	 	(e) 	grant Options under this Plan; 
	 	 	 
	 	(f) 	determine the individuals to whom Options shall be granted under this
      Plan and whether the Option is an Incentive Stock Option or a
      Non-Qualified Stock Option, or otherwise; 
	 	 	 
	 	(g) 	determine the time or times at which Options shall be granted under
      this Plan; 
	 	 	 
	 	(h) 	determine the number of shares of Common Stock subject to each Option,
      the exercise price of each Option, the duration of each Option and the
      times at which each Option shall become exercisable; 
	 	 	 
	 	(i) 	determine all other terms and conditions of the Options; and 
	 	 	 
	 	(j) 	make all other determinations and interpretations necessary and
      advisable for the administration of the Plan. 

2.5               
All decisions, determinations and interpretations made by the Plan Administrator
shall be binding and conclusive on all participants in the Plan and on their
legal representatives, heirs and beneficiaries, subject to any contrary
determination by the Board. 

	3. 	
ELIGIBILITY

3.1               
Incentive Stock Options may be granted to any individual who, at the time the
Option is granted, is an employee of the Company or any Related Corporation (as
defined below) (“Eligible Employees”) subject to tax in the United
States.

3.2               
Non-Qualified Stock Options may be granted to Eligible Employees, consultants,
directors, and officers of the Company or any Related Corporation and to such
other persons as the Plan Administrator shall select, subject to any Applicable
Laws.

3.3               
Options may be granted in substitution for outstanding options of another
company in connection with the merger, consolidation, acquisition of property or
stock or other reorganization between such other company and the Company or any
subsidiary of the Company. Options also may be granted in exchange for
outstanding Options.

3.4               
Any person to whom an Option is granted under this Plan is referred to as an
“Optionee”. Any person who is the owner of an Option is referred to as a
“Holder”. 

3.5               
As used in this Plan, the term “Related Corporation” shall mean any
corporation (other than the Company) that is a “Parent Corporation” of the
Company or “Subsidiary Corporation” of the Company, as those terms are defined
in Sections 424(e) and 424(f), respectively, of the Code (or any successor
provisions) and the regulations thereunder (as amended from time to time). 

	4. 	STOCK 

4.1               
The Plan Administrator is authorized to grant Options to acquire up to a total
of 8,500,000 shares of the Company’s authorized but unissued, or reacquired,
Common Stock. The number of shares with respect to which Options may be granted
hereunder is subject to adjustment as set forth in Section 5.1(m) hereof. In the
event that any outstanding Option expires or is terminated for any reason, the
shares of Common Stock allocable to the unexercised portion of such Option may
again be subject to an Option granted to the same Optionee or to a different
person eligible under Section 3 of this Plan. 

- 3 - 

	5. 	TERMS AND CONDITIONS OF OPTIONS 

5.1               
Each Option granted under this Plan shall be evidenced by a written agreement
approved by the Plan Administrator (the “Agreement”). Agreements may
contain such provisions, not inconsistent with this Plan, as the Plan
Administrator in its discretion may deem advisable. All Options also shall
comply with the following requirements: 

	 	(a) 	Number of Shares and Type of Option 
	 	 	 	 
	 		Each Agreement shall state the number of shares of Common
      Stock to which it pertains and, for Optionees subject to tax in the United
      States, whether the Option is intended to be an Incentive Stock Option or
      a Non-Qualified Stock Option, provided that: 
	 	 	 	 
	 		(i) 	in the absence of action to the contrary by the Plan Administrator in
      connection with the grant of an Option, all Options shall be Non-Qualified
      Stock Options; 
	 	 	 	 
	 		(ii) 	the aggregate fair market value (determined at the Date of Grant, as
      defined below) of the stock with respect to which Incentive Stock Options
      are exercisable for the first time by an Optionee subject to tax in the
      United States during any calendar year (granted under this Plan and all
      other Incentive Stock Option plans of the Company, a Related Corporation
      or a predecessor company) shall not exceed U.S.$100,000, or such other
      limit as may be prescribed by the Code as it may be amended from time to
      time (the “Annual Limit”); and 
	 	 	 	 
	 		(iii) 	any portion of an Option which exceeds the Annual Limit shall not be
      void but rather shall be a Non-Qualified Stock Option. 
	 	 	 	 
	 	(b) 	Date of Grant 
	 	 	 	 
	 		Each Agreement shall state the date the Plan Administrator
      has deemed to be the effective date of the Option for purposes of this
      Plan (the “Date of Grant”). 
	 	 	 	 
	 	(c) 	Option Price 
	 	 	 	 
	 		Each Agreement shall state the price per share of Common
      Stock at which it is exercisable. The Plan Administrator shall act in good
      faith to establish the exercise price in accordance with Applicable Laws;
      provided that: 
	 	 	 	 
	 		(i) 	the exercise price per share for an Incentive Stock Option shall not
      be less than the fair market value per share of the Common Stock at the
      Date of Grant as determined by the Plan Administrator in good faith;

	 	 	 	 
	 		(ii) 	with respect to Incentive Stock Options granted to greater-than-ten
      percent (>10%) stockholders of the Company (as determined with
      reference to Section 424(d) of the Code), the exercise price per share
      shall not be less than one hundred ten percent (110%) of the Fair Market
      Value (as such term is defined in (v) below) per share of the Common Stock
      at the Date of Grant as determined by the Plan Administrator in good
      faith; 
	 	 	 	 
	 		(iii) 	Options granted in substitution for outstanding options of another
      company in connection with the merger, consolidation, acquisition of
      property or stock or other reorganization involving such other company and
      the Company or any subsidiary of the Company may be granted with an
      exercise price equal to the exercise price for the substituted option of
      the other company, subject to any adjustment consistent with the terms of
      the transaction pursuant to which the substitution is to occur;
  

- 4 - 

	 	(iv) 	with respect to Non-Qualified Stock Options, the exercise price per
      share shall be determined by the Plan Administrator at the time the Option
      is granted; and 
	 	 	 
	 	(v) 	For the purposes of the Plan, “Fair Market Value” means, with
      respect to the Common Stock and as of the date an Incentive Stock Option
      is granted hereunder, the market price per share of such Common Stock
      determined by the Plan Administrator, consistent with the requirements of
      Section 422 of the Code and to the extent consistent therewith, as
      follows: (i) If the Common Stock was traded on a stock exchange on the
      date in question, then the Fair Market Value will be equal to the closing
      price reported by the applicable composite-transactions report for such
      date; (ii) If the Common Stock was traded over- the-counter on the date in
      question, then the Fair Market Value will be equal to the average of the
      last reported representative bid and asked prices quoted for such date;
      and (iii) If none of the foregoing provisions is applicable, then the Fair
      Market Value will be determined by the Plan Administrator in good faith on
      such basis as it deems appropriate. 

	 	(d) 	Duration of Options 
	 	 	 	 
	 		At the time of the grant of the Option, the Plan
      Administrator shall designate, subject to paragraph 5.1(g) below, the
      expiration date of the Option, which date shall not be later than ten (10)
      years from the Date of Grant; provided, that the expiration date of
      any Incentive Stock Option granted to a greater-than-ten percent (>10%)
      stockholder of the Company (as determined with reference to Section 424(d)
      of the Code) shall not be later than five (5) years from the Date of
      Grant. In the absence of action to the contrary by the Plan Administrator
      in connection with the grant of a particular Option, and except in the
      case of Incentive Stock Options as described above, all Options granted
      under this Plan shall expire five (5) years from the Date of Grant. 
	 	 	 	 
	 	(e) 	Vesting Schedule 
	 	 	 	 
	 		No Option shall be exercisable until it has vested. The
      vesting schedule for each Option shall be specified by the Plan
      Administrator at the time of grant of the Option; provided that if
      no vesting schedule is specified at the time of grant, the Option shall
      vest as follows: 
	 	 	 	 
	 		(i) 	on the first anniversary of the Date of Grant, the Option shall vest
      and shall become exercisable with respect to 25% of the Common Stock to
      which it pertains; 
	 	 	 	 
	 		(ii) 	on the second anniversary of the Date of Grant, the Option shall vest
      and shall become exercisable with respect to an additional 25% of the
      Common Stock to which it pertains; 
	 	 	 	 
	 		(iii) 	on the third anniversary of the Date of Grant, the Option shall vest
      and shall become exercisable with respect to an additional 25% of the
      Common Stock to which it pertains; and 
	 	 	 	 
	 		(iv) 	on the fourth anniversary of the Date of Grant, the Option shall vest
      and shall become exercisable with respect to balance of the Common Stock
      to which it pertains. 
	 	 	 	 
	 			The Plan Administrator may specify a vesting schedule for all or any
      portion of an Option based on the achievement of performance objectives
      established in advance of the commencement by the Optionee of services
      related to the achievement of the performance objectives. Performance
      objectives shall be expressed in terms of one or more of the following:
      return on equity, return on assets, share price, market share, sales,
      earnings per share, costs, net earnings, net worth, inventories, cash and
      cash equivalents, gross margin or the Company’s performance relative to
      its internal business plan, or such other terms as determined and directed
      by the Board. Performance objectives may be in respect of the performance
      of the Company as a whole (whether on a consolidated or unconsolidated
      basis), a Related Corporation, or a subdivision, operating unit, product
      or product line of either of the foregoing. Performance objectives may be
      absolute or relative and may be expressed in terms of a progression or a range. An Option that is exercisable (in
      full or in part) upon the achievement of one or more performance
      objectives may be exercised only following written notice to the Optionee
      and the Company by the Plan Administrator that the performance objective
      has been achieved.

- 5 - 

	 	(f) 	Acceleration of Vesting 
	 	 	 	 	 
	 		The vesting of one or more outstanding Options may be
      accelerated by the Plan Administrator at such times and in such amounts as
      it shall determine in its sole discretion. The vesting of Options also
      shall be accelerated under the circumstances described in Section 5.1(m)
      below. 
	 	 	 	 	 
	 	(g) 	Term of Option 
	 	 	 	 	 
	 		(i) 	Options that have vested as specified by the Plan
      Administrator or in accordance with this Plan, shall terminate, to the
      extent not previously exercised, upon the occurrence of the first of the
      following events: 
	 	 	 	 	 
	 			A. 	the expiration of the Option, as designated by the Plan Administrator
      in accordance with Section 5.1(d) above; 
	 	 	 	 	 
	 			B. 	the date of an Optionee’s termination of employment or contractual
      relationship with the Company or any Related Corporation for cause (as
      determined in the sole discretion of the Plan Administrator); 
	 	 	 	 	 
	 			C. 	the expiration of three (3) months from the date of an Optionee’s
      termination of employment or contractual relationship with the Company or
      any Related Corporation for any reason whatsoever other than cause, death
      or Disability (as defined below); or 
	 	 	 	 	 
	 			D. 	the expiration of one year (1) from termination of an Optionee’s
      employment or contractual relationship by reason of death or Disability
      (as defined below). 
	 	 	 	 	 
	 		(ii) 	Upon the death of an Optionee, any vested Options held by
      the Optionee shall be exercisable only by the person or persons to whom
      such Optionee’s rights under such Option shall pass by the Optionee’s will
      or by the laws of descent and distribution of the Optionee’s domicile at
      the time of death and only until such Options terminate as provided above.
    
	 	 	 	 	 
	 		(iii) 	For purposes of the Plan, unless otherwise defined in the
      Agreement, “Disability” shall mean medically determinable physical or
      mental impairment which has lasted or can be expected to last for a
      continuous period of not less than six (6) months or that can be expected
      to result in death. The Plan Administrator shall determine whether an
      Optionee has incurred a Disability on the basis of medical evidence
      acceptable to the Plan Administrator. Upon making a determination of
      Disability, the Plan Administrator shall, for purposes of the Plan,
      determine the date of an Optionee’s termination of employment or
      contractual relationship. 
	 	 	 	 	 
	 		(iv) 	Unless accelerated in accordance with Section 5.1(f) above,
      unvested Options shall terminate immediately upon the Optionee resigning
      from the Company or the Company terminating the Optionee’s employment or
      contractual relationship with the Company or any Related Corporation for
      any reason whatsoever, including death or Disability. 
	 	 	 	 	 
	 		(v) 	For purposes of this Plan, transfer of employment between or
      among the Company and/or any Related Corporation shall not be deemed to
      constitute a termination of employment with the Company or any Related
      Corporation. For purposes of this subsection, employment shall be deemed
      to continue while the Optionee is on military leave, sick leave or other bona fide leave of absence (as
      determined by the Plan Administrator). The foregoing notwithstanding,
      employment shall not be deemed to continue beyond the first ninety (90)
      days of such leave, unless the Optionee’s re-employment rights are
      guaranteed by statute or by contract.

- 6 - 

	 	(h) 	Exercise of Options 
	 	 	 	 
	 		(i) 	Options shall be exercisable, in full or in part, at any time after
      vesting, until termination. If less than all of the shares included in the
      vested portion of any Option are purchased, the remainder may be purchased
      at any subsequent time prior to the expiration of the Option term. Only
      whole shares may be issued pursuant to an Option, and to the extent that
      an Option covers less than one (1) share, it is unexercisable. 
	 	 	 	 
	 		(ii) 	Options or portions thereof may be exercised by giving written notice
      to the Company, which notice shall specify the number of shares to be
      purchased, and be accompanied by payment in the amount of the aggregate
      exercise price for the Common Stock so purchased, which payment shall be
      in the form specified in Section 5.1(i) below. The Company shall not be
      obligated to issue, transfer or deliver a certificate of Common Stock to
      the Holder of any Option, until provision has been made by the Holder, to
      the satisfaction of the Company, for the payment of the aggregate exercise
      price for all shares for which the Option shall have been exercised and
      for satisfaction of any tax withholding obligations associated with such
      exercise. 
	 	 	 	 
	 		(iii) 	During the lifetime of an Optionee, Options are exercisable only by
      the Optionee or in the case of a Non-Qualified Stock Option, transferee
      who takes title to such Option in the manner permitted by subsection
      5.1(k) hereof. 
	 	 	 	 
	 	(i) 	Payment upon Exercise of Option 
	 	 	 	 
	 		Upon the exercise of any Option, the aggregate exercise
      price shall be paid to the Company in cash or by certified or cashier’s
      check or by delivering to the Company shares of Common Stock previously
      held by such Holder, or by the Company withholding shares of Common Stock
      otherwise deliverable pursuant to exercise of the Option, which shares of
      Common Stock received or withheld shall have a fair market value at the
      date of exercise (as determined by the Plan Administrator) equal to the
      aggregate exercise price to be paid by the Optionee upon such exercise.
  
	 	 	 	 
	 		In addition, if pre-approved in writing by the Plan
      Administrator who may arbitrarily withhold consent, the Holder may pay for
      all or any portion of the aggregate exercise price by complying with any
      other payment mechanism approved by the Plan Administrator at the time of
      exercise. 
	 	 	 	 
	 	(j) 	No Rights as a Stockholder 
	 	 	 	 
	 		A Holder shall have no rights as a stockholder with respect
      to any shares covered by an Option until such Holder becomes a record
      holder of such shares, irrespective of whether such Holder has given
      notice of exercise. Subject to the provisions of Section 5.1(m) hereof, no
      rights shall accrue to a Holder and no adjustments shall be made on
      account of dividends (ordinary or extraordinary, whether in cash,
      securities or other property) or distributions or other rights declared
      on, or created in, the Common Stock for which the record date is prior to
      the date the Holder becomes a record holder of the shares of Common Stock
      covered by the Option, irrespective of whether such Holder has given
      notice of exercise. 

- 7 - 

	 	(k) 	Transfer of Option 
	 	 	 	 	 
	 		(i) 	Options granted under this Plan and the rights and
      privileges conferred by this Plan may not be transferred, assigned,
      pledged or hypothecated in any manner (whether by operation of law or
      otherwise) other than by will or by applicable laws of descent and
      distribution or, in the case of a Non-Qualified Stock Option, pursuant to
      a qualified domestic relations order, and shall not be subject to
      execution, attachment or similar process; provided however that, subject
      to applicable laws: 
	 	 	 	 	 
	 			A. 	for Non-Qualified Stock Options, any Agreement may provide or be
      amended to provide that a Non-Qualified Stock Option to which it relates
      is transferable without payment of consideration to immediate family
      members of the Optionee or to trusts or partnerships or limited liability
      companies established exclusively for the benefit of the Optionee and the
      Optionee's immediate family members; or 
	 	 	 	 	 
	 			B. 	for all Options, the Optionee's heirs or administrators may exercise
      any portion of the outstanding Options within one year of the Optionee's
      death. 
	 	 	 	 	 
	 		(ii) 	Upon any attempt to transfer, assign, pledge, hypothecate or
      otherwise dispose of any Option or of any right or privilege conferred by
      this Plan contrary to the provisions hereof, or upon the sale, levy or any
      attachment or similar process upon the rights and privileges conferred by
      this Plan, such Option shall thereupon terminate and become null and void.
    
	 	 	 	 	 
	 	(l) 	Securities Regulation and Tax Withholding 
	 	 	 	 	 
	 		(i) 	Shares of Common Stock shall not be issued with respect to
      an Option unless the exercise of such Option and the issuance and delivery
      of such shares shall comply with all Applicable Laws. The inability of the
      Company to obtain from any regulatory body the authority deemed by the
      Company to be necessary for the lawful issuance and sale of any Options or
      shares under this Plan, or the unavailability of an exemption from
      registration for the issuance and sale of any shares under this Plan,
      shall relieve the Company of any liability with respect to the
      non-issuance or sale of such Options or shares. 
	 	 	 	 	 
	 		(ii) 	As a condition to the exercise of an Option, the Plan
      Administrator may require the Holder to represent and warrant in writing
      at the time of such exercise that the shares are being purchased only for
      investment and without any then-present intention to sell or distribute
      such shares. At the option of the Plan Administrator, a stop-transfer
      order against such shares may be placed on the stock books and records of
      the Company, and a legend indicating that the stock may not be pledged,
      sold or otherwise transferred unless an opinion of counsel is provided
      stating that such transfer is not in violation of any applicable law or
      regulation, may be stamped on the certificates representing such shares in
      order to assure an exemption from registration. The Plan Administrator
      also may require such other documentation as may from time to time be
      necessary to comply with federal or state securities laws. THE COMPANY HAS
      NO OBLIGATION TO UNDERTAKE REGISTRATION OF OPTIONS OR THE SHARES OF STOCK
      ISSUABLE UPON THE EXERCISE OF OPTIONS. 
	 	 	 	 	 
	 		(iii) 	The Holder shall pay to the Company by wire transfer,
      certified or cashier’s check, promptly upon exercise of an Option or, if
      later, the date that the amount of such obligations becomes determinable,
      all applicable federal, state, local and foreign withholding taxes that
      the Plan Administrator, in its discretion, determines to result upon
      exercise of an Option or from a transfer or other disposition of shares of
      Common Stock acquired upon exercise of an Option or otherwise related to
      an Option or shares of Common Stock acquired in connection with an Option.
      Upon approval of the Plan 

- 8 - 

				Administrator, a Holder may satisfy such obligation by
      complying with one or more of the following alternatives selected by the
      Plan Administrator: 
				 
	 	 	 	A.	Holder or by the Company withholding shares of Common Stock otherwise
      deliverable pursuant to the exercise of the Option, which shares of Common
      Stock received or withheld shall have a fair market value at the date of
      exercise (as determined by the Plan Administrator) equal to any
      withholding tax obligations arising as a result of such exercise, transfer
      or other disposition; or 
					
				B. 	by complying with any other payment mechanism approved by the Plan
      Administrator from time to time. 
					
	 	 	(iv)	The issuance, transfer or delivery of certificates of Common Stock
      pursuant to the exercise of Options may be delayed, at the discretion of
      the Plan Administrator, until the Plan Administrator is satisfied that the
      applicable requirements of the federal or state securities laws and the
      withholding provisions under Applicable Laws have been met and that the
      Holder has paid or otherwise satisfied any withholding tax obligation as
      described in paragraph 5.1(l)(iii) above.
					
	 	(m) 	Stock Dividend or Reorganization 
					
	 	 	(i) 	If: (1) the Company shall at any time be involved in a transaction
      described in Section 424(a) of the Code (or any successor provision) or
      any “corporate transaction” described in the regulations thereunder; (2)
      the Company shall declare a dividend payable in, or shall subdivide,
      reclassify, reorganize, or combine, its Common Stock or otherwise effect a
      change in the outstanding Common Stock as a result of a stock split,
      reverse stock split or other recapitalization; or (3) any other event with
      substantially the same effect shall occur, the Plan Administrator shall,
      subject to applicable law, with respect to each outstanding Option,
      proportionately adjust the number of shares of Common Stock subject to
      such Option and/or the exercise price per share so as to preserve the
      rights of the Holder substantially proportionate to the rights of the
      Holder prior to such event, and to the extent that such action shall
      include an increase or decrease in the number of shares of Common Stock
      subject to outstanding Options, the number of shares available under
      Section 4 of this Plan and the exercise price for such Options shall
      automatically be increased or decreased, as the case may be,
      proportionately, without further action on the part of the Plan
      Administrator, the Company, the Company’s stockholders, or any Holder, so
      as to preserve the proportional rights of the Holder. 
					
	 	 	(ii) 	In the event that the presently authorized capital stock of the
      Company is changed into the same number of shares with a different par
      value, or without par value, the stock resulting from any such change
      shall be deemed to be Common Stock within the meaning of the Plan, and
      each Option shall apply to the same number of shares of such new stock as
      it applied to old shares immediately prior to such change. 
					
	 	 	(iii) 	If the Company shall at any time declare an extraordinary dividend
      with respect to the Common Stock, whether payable in cash or other
      property, the Plan Administrator may, subject to applicable law, in the
      exercise of its sole discretion and with respect to each outstanding
      Option, proportionately adjust the number of shares of Common Stock
      subject to such Option and/or adjust the exercise price per share so as to
      preserve the rights of the Holder substantially proportionate to the
      rights of the Holder prior to such event, and to the extent that such
      action shall include an increase or decrease in the number of shares of
      Common Stock subject to outstanding Options, the number of shares
      available under Section 4 of this Plan shall automatically be increased or
      decreased, as the case may be, proportionately, without further action on
      the part of the Plan Administrator, the Company, the Company’s
      stockholders, or any Holder. 

- 9 - 

	 	 	(iv) 	The foregoing adjustments in the shares subject to Options shall be
      made by the Plan Administrator, or by any successor administrator of this
      Plan, or by the applicable terms of any assumption or substitution
      document. 
	 	 	 	 
	 	 	(v) 	The grant of an Option shall not affect in any way the right or power
      of the Company to make adjustments, reclassifications, reorganizations or
      changes of its capital or business structure, to merge, consolidate or
      dissolve, to liquidate or to sell or transfer all or any part of its
      business or assets. 

	6. 	EFFECTIVE DATE; STOCKHOLDER APPROVAL

6.1               
Incentive Stock Options may be granted by the Plan Administrator from time to
time on or after the date on which this Plan is adopted (the “Effective
Date”) through the day immediately preceding the tenth anniversary of the
Effective Date.

6.2               
Non-Qualified Stock Options may be granted by the Plan Administrator on or after
the Effective Date and until this Plan is terminated by the Board in its sole
discretion.

6.3               
Termination of this Plan shall not terminate any Option granted prior to such
termination.

6.4               
If the approval of this Plan by the stockholders of the Company is not obtained
within twelve (12) months after the Effective Date, all Options granted
thereafter shall be considered Non-Qualified Stock Options and any Options
granted to “covered employees” as such term is defined for purposes of Section
162(m) of the Code will not be eligible for the exclusion set forth in Section
162(m) of the Code with respect to the deductibility by the Company of certain
compensation.

	7. 	NO OBLIGATIONS TO EXERCISE OPTION 

7.1               
The grant of an Option shall impose no obligation upon the Optionee to exercise
such Option. 

	8. 	NO RIGHT TO OPTIONS OR TO EMPLOYMENT

8.1               
Whether or not any Options are to be granted under this Plan shall be
exclusively within the discretion of the Plan Administrator, and nothing
contained in this Plan shall be construed as giving any person any right to
participate under this Plan.

8.2               
The grant of an Option shall in no way constitute any form of agreement or
understanding binding on the Company or any Related Corporation, express or
implied, that the Company or any Related Corporation will employ or contract
with an Optionee for any length of time, nor shall it interfere in any way with
the Company’s or, where applicable, a Related Corporation’s right to terminate
Optionee’s employment at any time, which right is hereby reserved. 

	9. 	APPLICATION OF FUNDS 

9.1               
The proceeds received by the Company from the sale of Common Stock issued upon
the exercise of Options shall be used for general corporate purposes, unless
otherwise directed by the Board. 

	10. 	INDEMNIFICATION OF PLAN ADMINISTRATOR

10.1             
In addition to all other rights of indemnification they may have as members of
the Board, members of the Plan Administrator shall be indemnified by the Company
for all reasonable expenses and liabilities of any type or nature, including
attorneys’ fees, incurred in connection with any action, suit or proceeding to
which they or any of them are a party by reason of, or in connection with, this
Plan or any Option granted under this Plan, and against all amounts paid by them
in settlement thereof (provided that such settlement is approved by independent
legal counsel selected by the Company), except to the extent that such expenses
relate to matters for which it is adjudged that such Plan Administrator member is
liable for willful misconduct; provided, that within fifteen (15) days after the
institution of any such action, suit or proceeding, the Plan Administrator
member involved therein shall, in writing, notify the Company of such action,
suit or proceeding, so that the Company may have the opportunity to make
appropriate arrangements to prosecute or defend the same. 

- 10 - 

	11. 	
AMENDMENT OF PLAN

11.1             
The Plan Administrator may, subject to Applicable Laws, at any time, modify,
amend, suspend or terminate this Plan or modify or amend Options granted under
this Plan, including, without limitation, such modifications or amendments as
are necessary to maintain compliance with applicable statutes, rules or
regulations; provided however that: 

	 	(a) 	no Option may be granted during any suspension of this Plan or after
      termination of this Plan; 
	 	 	 
	 	(b) 	the events triggering acceleration of vesting of outstanding Options
      may be modified, expanded or eliminated without the consent of Holders;
  
	 	 	 
	 	(c) 	the Plan Administrator may condition the effectiveness of any such
      amendment on the receipt of stockholder approval at such time and in such
      manner as the Plan Administrator may consider necessary for the Company to
      comply with or to avail the Company and/or the Optionees of the benefits
      of any securities, tax, market listing or other administrative or
      regulatory requirement; 
	 	 	 
	 	(d) 	the Plan Administrator may not increase the number of shares available
      for issuance on the exercise of Incentive Stock Options without
      stockholder approval; 
	 	 	 
	 	(e) 	any amendment, suspension or termination of this Plan will not affect
      Options already granted, and such Options will remain in full force and
      effect as if the Plan had not been amended, suspended or terminated,
      unless mutually agreed otherwise between the Optionee and the Plan
      Administrator, which agreement will have to be in writing and signed by
      the Optionee and the Company. 

11.2             
Without limiting the generality of Section 11.1 hereof, the Plan Administrator
may modify grants to persons who are eligible to receive Options under this Plan
who are foreign nationals or employed outside Canada and the United States to
recognize differences in local law, tax policy or custom. 

Effective Date: December 21, 2010

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