Document:

ARTICLES OF ASSOCIATION

	 	 	 	 	 	 	 	 Exhibit 10.11  

	 For Ministry Use Only

A l'usage exclusif du ministère

			 

	 	 	 	 Ontario Corporation Number

Numéro de la compagnie en Ontario

	 
	 [STAMP]

	 

	 [STAMP]

		 

	 	 	 	 1102773

		 
								 			 
	

NOVEMBER O1 NOVEMBRE, 1994

 

 

	 

	 

	 Trans

Code

A

18 

	 Line

No.

0

20 

	 

Stat.

0

28

	 Comp

Type

A

29 

	 Method

Incorp.

3

30 

	 

Share

S

31 

	 
	 	 	 	 	 	 	 	 	 	 	 
	 [Signature] 

	 

	 

	 Notice

Req'd

N

32 

	 	 Jurisdiction

ONTARIO

33                               47

	 	 

A

57 

	 
								 			 
	 
 
			 ARTICLES OF AMALGAMATION

STATUTS DE FUSION

		1.	 The name of the amalgamated corporation is: 	 	Dénomination sociale de la compagnie issue de la fusion:
	 Form 4

Business

Corporations

Act

Formule

numéro 4

Loi

sur les

compagnies 

			1102773  	  	 	 O N T A R I O      I N C .

	  

			 
			 			 			 
		2.	 The address of the registered office is:		Adresse du siège social:		 
	 	 	 	 	 	 	 	 	 	 	 
			185 THE WEST MALL, SUITE 500			 			 
	 	 	 
 	 	 
			 (Street & Number or R.R. Number & if Multi-Office Building give Room No.)

(Rue et numéro ou numéro de la R.R. et, s'il s'agit d'un édifice à bureau, numéro du bureau)

		 
								 			 
			ETOBICOKE, ONTARIO		 		 	 M 9 C 5 L 5

		 
	 	 	 
 	 	 
			 (Name of Municipality or Post Office)

(Nom de la munipalité ou du bureau de poste) 

		 	 (Postal Code)

(Code postal) 

		 
										 
			CITY OF ETOBICOKE	 	 in

	 THE MUNICIPALITY OF METROPOLITAN TORONTO

	 	 	 
 	 	 
 	 
			 (Name of Municipality, Geographic Township)

(Nom de la municipalité, du canton)

	 dans le/la

	 (County, District or Regional Municipality)

(Conté, district, municipalité régionale)

	 
							 			 
		3.	 Number (or minimum and maximum  number) of directors is:	 	Nombre (ou nombres minimal et maximal) d'administrateur (s) :	 
								 			 
			A MINIMUM OF ONE (1) AND A MAXIMUM OF TEN (10).		 
		4. 	 The director(s) is/are:	 	 	 	 Administrateur(s):

								 			 
			First name, initials and last name

Prénom, initiales et nom de famille	 	Residence address, giving Street & No. or R.R. No., Municipality and Postal Code

Adresse personnelle, y compris la rue et le numéro, le numéro de la R.R., le nom de la municipalité et le code postal		
Resident

Canadian

State

Yes or No

Résident

Canadien

Oui/Non

	 
								 			 
	 
 
			ROBERT C. MANION 	 	
1200 BOTANY HILL

OAKVILLE, ONTARIO

L6J  6J5

	 		YES	 
								 			 
			DAVID E. SEIBEL

	 	 14 CEDAR ROAD

GLOUCESTER, ONTARIO

K1J  6L4 	 		YES	 
								 			 
			RICHARD VON HAGEN	 	1505 CAULDER DRIVE

OAKVILLE, ONTARIO

L6J  5T1 	 		YES	 

 

	 	5.	A)	 The amalgamation agreement has been duly adopted by the Shareholders of each of the amalgamating corporations as required by subsection 176 (4) of the Business Corporations Act on
the date set out below. 	 	x	 	A)	Les actionnaires de chaque compagnie qui fusionne ont dûment adopté la convention de fusion conformément au paragraphe 176 (4) de la
Loi sur les compagnies à la date mentionnée ci-dessous.
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	ž	 	 	 
	 	 	 	Check	 	Cocher
	 	 	 	A or B	 	A ou B
	 	 	 	 	 	Ÿ	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	B) 	
The amalgamation has been approved by the directors of each amalgamating corporation by a resolution as required by section 177 of the Business Corporations Act on the date set out below.

The articles of amalgamation in substance contain the provisions of the articles of incorporation of 

	 	o	 	B)	Les administrateurs de chaque compagnie qui fusionne ont approuvé la fusion par voie de résolution conformément à l'article 177 de la Loi
sur les compagnies à la date mentionnée ci-dessous. Les statuts de fusion reprennent essentiellement les dispositions des statuts constitutifs de
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 
 
	 	 	 	and are more particularly set out in these articles. 	 	 	 	 	et sont énoncés textuellement aux présents statuts. 
	 

	  
	 	Names of amalgamating corporations

Dénomination sociale des compagnies qui fusionnent 	 	Ontario Corporation Number

Numéro de la compagnie en Ontario 	 	Date of Adoption/Approval

Date d'adoption ou d'approbation
	 
 
	 	909701 ONTARIO INC.	 	909701	 	October 26              , 1994 
	 	 	 	 	 	 
	 	SYNERLOGIC INC	 	 836382	 	October 26             , 1994 
	 	 	 	 	 	 

 

 

 

 

 

 

 

 

	6.	Restrictions, if any, on business the corporation may carry on or on powers the corporation exercise.	 	Limites, s'il y a lieu, imposées aux activitiés commerciales ou aux pouvoirs de la compagnie.
	 	 	 	 
		NONE.	 	
	 	 	 	 
	7.	
 The classes and any maximum number of shares that the corporation is authorized to issue: 

	 	Catagoriés et nombre maximal, s'il y a lieu, d'actions que la compagnie est autorisée á émettre:
	 	 	 	 
	(1)	an unlimited number of common shares;	 	
	 	 	 	 
	(2)	an unlimited number of Class A preference shares:	 	
	 	 	 	 
	(3)	an unlimited number of Class B preference shares; and	 	
	 	 	 	 
	(4)	an unlimited number of Class C preference shares.

	 	

	 

	8.	Rights, privileges, restrictions and conditions (if any) attaching to each class of shares and directors authority with respect to any class of shares which may be
issued in series:		Droits, priviléges, restrictions et conditions, s'il y á lieu, rettachés a chaque catégorie d'actions et pouvoirs des administrateurs relatifs á
chaque catégorie d'actions qui peut étre émise en série:
	 	 	 	 	 	 
	 	(1)	The rights, privileges, restrictions and conditions attaching to the common shares are as follows:
		 		 	 	 
	 	 	(a)	Voting Rights
	 	 	 	 	 	 
	 	 	The holders of the common shares shall be entitled to receive notice of and to attend all meetings of shareholders of the Corporation and each common share shall confer the right to
one (1) vote in person or by proxy at all such meetings of shareholders of the Corporation.
	 	 	 	 	 	 
	 	 	(b)	Dividends
	 	 	 	 	 	 
	 	 	Subject to the prior rights of the holders of the preference shares, the holders of the common shares shall be entitled to receive any dividend declared by the Corporation in
respect of the common shares.
	 	 	 	 	 	 
	 	 	(c)	Participation upon Liquidation, Dissolution or Winding-Up
	 	 	 	 	 	 
	 	 	In the event of the liquidation, dissolution or winding-up of the Corporation or other distribution of assets or property of the Corporation among shareholders for the purpose of
winding-up its affairs, the holders of the common shares shall be entitled, subject to the prior rights attaching to the preference shares, to receive the remaining property of the Corporation.
	 	 	 	 	 	 
	 	(2)	The rights, privileges, restrictions and conditions attaching to the Class A preference shares are as follows:
	 	 	 	 	 	 
	 	 	(a)	Voting Rights
	 	 	 	 	 	 
	 	 	Except as required under the Business Corporations Act (Ontario), the holders of Class A preference shares shall not have any voting rights for any purpose; the holders of
Class A preference shares shall, however, be entitled to notice of meetings of shareholders called for the purpose of authorizing the dissolution of the Corporation or the sale, lease, or exchange of its undertaking or a substantial part thereof,
except a sale, lease or exchange in the ordinary course of business of the Corporation.

			(b)	 Dividends
			 	 
			The holders of Class A preference shares shall be entitled to receive and the Corporation shall pay thereon, as and when declared by the board of directors of the Corporation out of
moneys properly applicable to the payment of dividends, non-cumulative cash dividends at a rate to be fixed by resolution of the board of directors provided that such rate shall not exceed 11% of the Redemption Amount (as hereinafter defined)
attributable to the Class A preference shares, on such date or dates as the directors shall by resolution determine from time to time. The holders of Class A preference shares shall not be entitled to any dividends other than or in excess of the
dividends hereinbefore provided for.
			 	 
			(c)	Participation in Assets on Dissolution
			 	 
			In the event of the liquidation, dissolution or winding-up of the Corporation or other distribution of assets or property of the Corporation among the shareholders for the purpose
of winding-up its affairs, whether voluntary or involuntary, the holders of Class A preference shares shall be entitled to receive out of the assets and property of the corporation before any repayment of capital or any distribution of any part of
the assets of the Corporation amongst the holders of the common shares or any other shares ranking junior to the Class A preference shares, an amount equal to the Redemption Amount as hereinafter defined. The "Redemption Amount" of the
Class A preference shares shall be equal to the redemption amount of the 909701 Class A Preference shares (the "909701 Class A Shares") converted into the Class A preference shares. The holders of Class A preference shares shall rank
pari passu with the Class B preference shares and the Class C preference shares and shall be entitled to participate rateably with the holders of Class B preference shares and the Class C preference shares in any distribution of the assets
and property of the Corporation.
			 	 
			(d)	Retraction
			 	 
			The holders of Class A preference shares shall be entitled to require the Corporation to redeem at any time the Class A preference shares registered in the name of such holders on
the books of the Corporation by tendering to the Corporation at its head office the share certificate representing the Class A preference shares which the registered holder desires to have the Corporation redeem together with a request in writing
specifying (i) that the registered holder desires to have the Class A preference shares redeemed by the Corporation and (ii) the business day (in this paragraph referred to as the "Redemption Date") on which the

			holder desires to have the Corporation redeem such Class A preference shares which shall not be less than thirty (30) days following the day on which the request in writing is given
to the Corporation. Upon receipt of the share certificate representing the Class A preference shares which the registered holder desires to have the Corporation redeem, together with such a request, the Corporation shall on the Redemption Date,
redeem the Class A preference shares by paying to such registered holder an amount equal to the Redemption Amount of the Class A preference shares being redeemed plus all unpaid dividends which have been declared thereon (the aggregate thereof which
is referred to as the "Redemption Price"). The Class A preference shares shall be redeemed on the Redemption Date and from and after the Redemption Date such share shall cease to be entitled to dividends and the holder thereof shall not be
entitled to exercise any of the rights of the holders of Class A preference shares in respect thereof unless payment for the Redemption Price is not made on the Redemption Date, in which event the rights of the holder of the said shares shall remain
unaffected.
			 	 	
			(e)	Redemption	
			 	 	
			The Corporation may, upon giving notice as hereinafter provided, redeem at any time the then outstanding Class A preference shares on payment of the Redemption Price, as
hereinbefore defined.
			 	 	
			(f)	Method of Redemption	
			 	 	
			In the case of redemption of Class A preference shares under the provisions of sub-paragraph (e) above, the Corporation shall, at least twenty (20) days before the date specified
for redemption, mail to the person who at the date of mailing is the registered holder of the Class A preference shares to be redeemed a notice in writing of the intention of the Corporation to redeem such Class A preference shares. Such notice
shall be mailed by letter, postage prepaid, addressed to such shareholder's address as it appears in the records of the Corporation or in the event of the address of any such shareholder not so appearing then to the last known address of such
shareholder; provided, however, that accidental failure to give any such notice to the shareholder shall not affect the validity of such redemption. Such notice shall set out the Redemption Price and the date on which redemption is to take place. On
or after the date so specified for redemption, the Corporation shall pay or cause to be paid to or to the order of the registered holder of the Class A

			preference shares to be redeemed the Redemption Price thereof on presentation and surrender at the registered office of the Corporation or any other place designated in such notice
of the certificate representing the Class A preference shares called for redemption. From and after the date specified for redemption in any such notice the Class A preference shares called for redemption shall cease to be entitled to dividends and
the holder thereof shall not be entitled to exercise any of the rights of the shareholder in respect thereof unless payment of the Redemption Price shall not be made upon presentation of the certificate in accordance with the foregoing provisions,
in which case the rights of the shareholder shall remain unaffected. The Corporation shall have the right at any time after the mailing of notice of its intention to redeem the Class A preference shares to deposit the Redemption Price of the share
so called for redemption or of such of the said share represented by the certificate as has not at the date of such deposit been surrendered by the holder thereof in connection with such redemption to a special account in any chartered bank or any
trust company in Canada named in such notice, to be paid without interest to or to the order of the respective holder of such Class A preference shares called for redemption upon presentation and surrender to such bank or trust company of the
certificate representing the same. Upon such deposit being made or upon the date specified for redemption in such notice, whichever is the later, the Class A preference shares in respect whereof such deposit shall have been made shall be redeemed
and the rights of the holder thereof after such deposit or such redemption date, as the case may be, shall be limited to receiving without interest their proportionate part of the total Redemption Price so deposited against presentation and
surrender of the said certificate held by them respectively.
			 	 	
			(g)	Price Adjustment	
			 	 	
			The provisions of subparagraph (a) through (f) inclusive hereof in respect of the Redemption Amount of the Class A preference shares shall be subject to the provisions of this
sub-paragraph. In the event that the Department of National Revenue, Taxation (the "Department") determines that the fair market value of the 909701 Class A Shares is greater or less than the redemption amount of the 909701 Class A Shares,
the Redemption Amount of the Class A preference shares shall be increased or decreased to reflect the fair market value of the 909701 Class A Shares as ultimately determined. The Redemption Amount of the Class A preference shares so adjusted shall
be deemed retroactively to the date of the first issuance to have been its Redemption Amount. In the
	 

  

		event that the Class A preference shares has been redeemed prior to the date of the ultimate determination, cash settlements will be made by the holder of the Class A preference
shares or the Corporation as the case may be. Reference to value as ultimately determined herein shall have the following meaning:

			 			
			(i)	 		such amount as may be agreed by the Department, the Corporation and the holder of the Class A preference shares, to have been the fair market value of the 909701 Class A Shares;
or
			 			
			(ii)	 		in the absence of such agreement, such amount as shall be determined by a Court having jurisdiction in the matter (after all appeal rights have been exhausted or all times for
appeal).
			 			
		(h)	Restriction on Dividends
			 			
		No dividends will in the future be declared on the other shares of the Corporation in such large amounts as would result in the Corporation having insufficient net assets to enable
it to redeem, at the Redemption Amount, the Class A preference shares of the Corporation which is outstanding from time to time; and further, the Corporation will not, if it should otherwise be so authorized at any time, either redeem or purchase
for cancellation the Class A preference shares of the Corporation for an amount less than the lesser of the Redemption Amount of the Class A preference shares being so redeemed or purchased and the fair market value of the Corporation valued on a
going concern basis at the time of purchase.
			 			
	(3)     	The rights, privileges, restrictions and conditions attaching to the Class B preference shares are as follows:
	    		 			
		(a)	Voting Rights
			 			
		Except as required under the Business Corporations Act (Ontario), the holders of Class B preference shares shall not have any voting rights for any purpose; the holders of
Class B preference shares shall, however, be entitled to notice of meetings of shareholders called for the purpose of authorizing the dissolution of the Corporation or the sale, lease, or
			 			

		exchange of its undertaking or a substantial part thereof, except a sale, lease or exchange in the ordinary course of business of the Corporation.
	 	 	 

		(b)	Dividends
	 	 
		The holders of Class B preference shares shall be entitled to receive and the Corporation shall pay thereon, as and when declared by the board of directors of the Corporation out of
moneys properly applicable to the payment of dividends, non-cumulative cash dividends at a rate to be fixed by resolution of the board of directors provided that such rate shall not exceed 11% of the Redemption Amount (as hereinafter defined)
attributable to the Class B preference shares, on such date or dates as the directors shall by resolution determine from time to time. The holders of Class B preference shares shall not be entitled to any dividends other than or in excess of the
dividends hereinbefore provided for.
	 	 	 
		(c)	Participation in Assets on Dissolution
	 	 	 
		In the event of the liquidation, dissolution or winding-up of the Corporation or other distribution of assets or property of the Corporation among the shareholders for the purpose
of winding-up its affairs, whether voluntary or involuntary, the holders of Class B preference shares shall be entitled to receive out of the assets and property of the corporation before any repayment of capital or any distribution of any part of
the assets of the Corporation amongst the holders of the common shares or any other shares ranking junior to the Class B preference shares, an amount equal to the Redemption Amount as hereinafter defined. The "Redemption Amount" of the
Class B preference shares shall be equal to the fair market value of the common shares of Synerlogic Inc. (the "Synerlogic Common Shares") converted into the Class B preference shares. The holders of Class B preference shares shall rank
pari passu with the Class A preference shares and the Class C preference shares and shall be entitled to participate rateably with the holders of Class A preference shares and the Class C preference shares in any distribution of the assets
and property of the Corporation.
		 	 
		(d)	Retraction
	 	 	 
		The holders of Class B preference shares shall be entitled to require the Corporation to redeem at any time the Class B preference shares registered in the name of such holders on
the books of the Corporation

		 by tendering to the Corporation at its head office the share certificate representing the Class B preference shares which the registered holder desires to have the Corporation
redeem together with a request in writing specifying (i) that the registered holder desires to have the Class B preference shares redeemed by the Corporation and (ii) the business day (in this paragraph referred to as the "Redemption
Date") on which the holder desires to have the Corporation redeem such Class B preference shares which shall not be less than thirty (30) days following the day on which the request in writing is given to the Corporation. Upon receipt of the
share certificate representing the Class B preference shares which the registered holder desires to have the Corporation redeem, together with such a request, the Corporation shall on the Redemption Date, redeem the Class B preference shares by
paying to such registered holder an amount equal to the Redemption Amount of the Class B preference shares being redeemed plus all unpaid dividends which have been declared thereon (the aggregate thereof which is referred to as the "Redemption
Price"). The Class B preference shares shall be redeemed on the Redemption Date and from and after the Redemption Date such share shall cease to be entitled to dividends and the holder thereof shall not be entitled to exercise any of the rights
of the holders of Class B preference shares in respect thereof unless payment for the Redemption Price is not made on the Redemption Date, in which event the rights of the holder of the said shares shall remain unaffected.
	 	 	 
		(e)	Redemption
		 	 
		The Corporation may, upon giving notice as hereinafter provided, redeem at any time the then outstanding Class B preference shares on payment of the Redemption Price, as
hereinbefore defined.
	 	 	 
	 	(f)	Method of Redemption
	 	 	 
		In the case of redemption of Class B preference shares under the provisions of sub-paragraph (e) above, the Corporation shall, at least twenty (20) days before the date specified
for redemption, mail to the person who at the date of mailing is the registered holder of the Class B preference shares to be redeemed a notice in writing of the intention of the Corporation to redeem such Class B preference shares. Such notice

		shall be mailed by letter, postage prepaid, addressed to such shareholder's address as it appears in the records of the Corporation or in the event of the address of any
such shareholder not so appearing then to the last known address of such shareholder; provided, however, that accidental failure to give any such notice to the shareholder shall not affect the validity of such redemption. Such notice shall set out
the Redemption Price and the date on which redemption is to take place. On or after the date so specified for redemption, the Corporation shall pay or cause to be paid to or to the order of the registered holder of the Class B preference shares to
be redeemed the Redemption Price thereof on presentation and surrender at the registered office of the Corporation or any other place designated in such notice of the certificate representing the Class B preference shares called for redemption. From
and after the date specified for redemption in any such notice the Class B preference shares called for redemption shall cease to be entitled to dividends and the holder thereof shall not be entitled to exercise any of the rights of the shareholder
in respect thereof unless payment of the Redemption Price shall not be made upon presentation of the certificate in accordance with the foregoing provisions, in which case the rights of the shareholder shall remain unaffected. The Corporation shall
have the right at any time after the mailing of notice of its intention to redeem the Class B preference shares to deposit the Redemption Price of the share so called for redemption or of such of the said share represented by the certificate as has
not at the date of such deposit been surrendered by the holder thereof in connection with such redemption to a special account in any chartered bank or any trust company in Canada named in such notice, to be paid without interest to or to the order
of the respective holder of such Class B preference shares called for redemption upon presentation and surrender to such bank or trust company of the certificate representing the same. Upon such deposit being made or upon the date specified for
redemption in such notice, whichever is the later, the Class B preference shares in respect whereof such deposit shall have been made shall be redeemed and the rights of the holder thereof after such deposit or such redemption date, as the case may
be, shall be limited to receiving without interest their proportionate part of the total Redemption Price so deposited against presentation and surrender of the said certificate held by them respectively.

		(g)	Price Adjustment
			 			
		The provisions of sub-paragraph (a) through (f) inclusive hereof in respect of the Redemption Amount of the Class B preference shares shall be subject to the provisions of this
sub-paragraph. In the event that the Department of National Revenue, Taxation (the "Department") determines that the fair market value of the Synerlogic Common Shares is greater or less than the Redemption Amount, the Redemption Amount of
the Class B preference shares shall be increased or decreased to reflect the fair market value of the Synerlogic Common Shares as ultimately determined. The Redemption Amount of the Class B preference shares so adjusted shall be deemed retroactively
to the date of the first issuance to have been its Redemption Amount. In the event that the Class B preference shares has been redeemed prior to the date of the ultimate determination, cash settlements will be made by the holder of the Class B
preference shares or the Corporation as the case may be. Reference to value as ultimately determined herein shall have the following meaning:
			 			
			(iii)	 		such amount as may be agreed by the Department, the Corporation and the holder of the Class B preference shares, to have been the fair market value of the Synerlogic Common Shares;
or
			 			
			(iv)	 		in the absence of such agreement, such amount as shall be determined by a Court having jurisdiction in the matter (after all appeal rights have been exhausted or all times for
appeal).
			 			
		(h)	Restriction on Dividends
			 			
		No dividends will in the future be declared on the other shares of the Corporation in such large amounts as would result in the Corporation having insufficient net assets to enable
it to redeem, at the Redemption Amount, the Class B preference shares of the Corporation which is outstanding from time to time; and further, the Corporation will not, if it should otherwise be so authorized at any time, either redeem or purchase
for cancellation the Class B preference shares of the Corporation for an amount less than the lesser of the Redemption Amount of the Class B preference shares being so redeemed or purchased and the fair marked value of the Corporation valued on a
going concern basis at the time of purchase.

	4.	The rights, privileges, restrictions and conditions attaching to the Class C preference shares shall be as follows:
	 	 	 
		(a)	Voting Rights
	 	 	 
		Except as required under the Business Corporations Act (Ontario), the holders of Class C preference shares shall not have any voting rights for any purpose; the holders of
Class C preference shares shall, however, be entitled to notice of meetings of shareholders called for the purpose of authorizing the dissolution of the Corporation or the sale, lease, or exchange of its undertaking or a substantial part thereof,
except a sale, lease or exchange in the ordinary course of business of the Corporation.
	 	 	 
		(b)	Dividends
	 	 	 
		The holders of Class C preference shares shall be entitled to receive and the Corporation shall pay thereon, as and when declared by the board of directors of the Corporation out of
moneys properly applicable to the payment of dividends, non-cumulative cash dividends at a rate to be fixed by resolution of the board of directors provided that such rate shall not exceed 11% of the Redemption Amount (as hereinafter defined)
attributable to the Class C preference shares, on such date or dates as the directors shall by resolution determine from time to time. The holders of Class C preference shares shall not be entitled to any dividends other than or in excess of the
dividends hereinbefore provided for.
	 	 	 
		(c)	Participation in Assets on Dissolution
	 	 	 
		In the event of the liquidation, dissolution or winding-up of the Corporation or other distribution of assets or property of the Corporation among the shareholders for the purpose
of winding-up its affairs, whether voluntary or involuntary, the holders of Class C preference shares shall be entitled to receive out of the assets and property of the corporation before any repayment of capital or any distribution of any
part of the assets of the Corporation amongst the holders of the common shares or any other shares ranking junior to the Class C preference shares, an amount equal to the Redemption Amount as hereinafter defined. The "Redemption Amount" of
the Class C preference shares shall be equal to the redemption amount of the First Preferred shares and the Second Preferred shares of Synerlogic Inc. (the "Synerlogic Preferred Shares") 

		converted into the Class C preference shares. The holders of Class C preference shares shall rank pari passu with the Class A preference shares and the Class B preference shares and
shall be entitled to participate rateably with the holders of Class A preference shares and the Class B preference shares in any distribution of the assets and property of the Corporation.
	 	 	 
		(d)	Retraction
	 	 	 
		The holders of Class C preference shares shall be entitled to require the Corporation to redeem at any time the Class C preference shares registered in the name of such holders on
the books of the Corporation by tendering to the Corporation at its head office the share certificate representing the Class C preference shares which the registered holder desires to have the Corporation redeem together with a request in writing
specifying (i) that the registered holder desires to have the Class C preference shares redeemed by the Corporation and (ii) the business day (in this paragraph referred to as the "Redemption Date") on which the holder desires to have the
Corporation redeem such Class C preference shares which shall not be less than thirty (30) days following the day on which the request in writing is given to the Corporation. Upon receipt of the share certificate representing the Class C preference
shares which the registered holder desires to have the Corporation redeem, together with such a request, the Corporation shall on the Redemption Date, redeem the Class C preference shares by paying to such registered holder an amount equal to the
Redemption Amount of the Class C preference shares being redeemed plus all unpaid dividends which have been declared thereon (the aggregate thereof which is referred to as the "Redemption Price"). The Class C preference shares shall be
redeemed on the Redemption Date and from and after the Redemption Date such share shall cease to be entitled to dividends and the holder thereof shall not be entitled to exercise any of the rights of the holders of Class C preference shares in
respect thereof unless payment for the Redemption Price is not made on the Redemption Date, in which event the rights of the holder of the said shares shall remain unaffected.
	 	 	 
		(e)	Redemption
	 	 	 
		The Corporation may, upon giving notice as hereinafter provided, redeem at any time the then outstanding Class C preference shares on payment of the Redemption Price, as
hereinbefore defined.

  

  

	     	       	(f)	Method of Redemption
	 	 	 
	 		In the case of redemption of Class C preference shares under the provisions of sub-paragraph (e) above, the Corporation shall, at least twenty (20) days before the date specified
for redemption, mail to the person who at the date of mailing is the registered holder of the Class C preference shares to be redeemed a notice in writing of the intention of the Corporation to redeem such Class C preference shares. Such notice
shall be mailed by letter, postage prepaid, addressed to such shareholder's address as it appears in the records of the Corporation or in the event of the address of any such shareholder not so appearing then to the last known address of such
shareholder; provided, however, that accidental failure to give any such notice to the shareholder shall not affect the validity of such redemption. Such notice shall set out the Redemption Price and the date on which redemption is to take place. On
or after the date so specified for redemption, the Corporation shall pay or cause to be paid to or to the order of the registered holder of the Class C preference shares to be redeemed the Redemption Price thereof on presentation and surrender at
the registered office of the Corporation or any other place designated in such notice of the certificate representing the Class C preference shares called for redemption. From and after the date specified for redemption in any such notice the Class
C preference shares called for redemption shall cease to be entitled to dividends and the holder thereof shall not be entitled to exercise any of the rights of the shareholder in respect thereof unless payment of the Redemption Price shall not be
made upon presentation of the certificate in accordance with the foregoing provisions, in which case the rights of the shareholder shall remain unaffected. The Corporation shall have the right at any time after the mailing of notice of its intention
to redeem the Class C preference shares to deposit the Redemption Price of the share so called for redemption or of such of the said share represented by the certificate as has not at the date of such deposit been surrendered by the holder thereof
in connection with such redemption to a special account in any chartered bank or any trust company in Canada named in such notice, to be paid without interest to or to the order of the respective holder of such Class C preference shares called for
redemption upon presentation and surrender to such bank or trust company of the certificate representing the same. Upon such deposit being made or upon the date specified for redemption in such notice, whichever is the later, the Class C preference
shares in respect whereof such deposit shall have been made shall be redeemed and the rights of the holder thereof after such deposit or such
redemption date, as the case may be, shall be limited to receiving without interest their proportionate part of the total Redemption Price so deposited against presentation and surrender of the said certificate held by them respectively.
	 	 	 
		(g)	Price Adjustment
	 	       	 
			The provisions of sub-paragraph (a) through (f) inclusive hereof in respect of the Redemption Amount of the Class C preference shares shall be subject to the provisions of this
sub-paragraph. In the event that the Department of National Revenue, Taxation (the "Department") determines that the fair market value of the Synerlogic Preferred Shares is greater or less than the stated capital of the Synerlogic
Preferred Shares, the Redemption Amount of the Class C preference shares shall be increased or decreased to reflect the fair market value of the Synerlogic Preferred Shares as ultimately determined. The Redemption Amount of the Class C preference
shares so adjusted shall be deemed retroactively to the date of the first issuance to have been its Redemption Amount. In the event that the Class C preference shares has been redeemed prior to the date of the ultimate determination, cash
settlements will be made by the holder of the Class C preference shares or the Corporation as the case may be. Reference to value as ultimately determined herein shall have the following meaning:
	 	 	 	 	 
			      	(v)	such amount as may be agreed by the Department, the Corporation and the holder of the Class C preference shares, to have been the fair market value
of the Synerlogic Preferred Shares; or
	 	 	 	 	 
				(iv)	in the absence of such agreement, such amount as shall be determined by a Court having jurisdiction in the matter (after all appeal rights have been
exhausted or all times for appeal).
	 	 	       	 
			(h)	Restriction on Dividends
	 	 	 
			No dividends will in the future be declared on the other shares of the Corporation in such large amounts as would result in the Corporation having insufficient net
assets to enable it to redeem, at the Redemption Amount, the Class C preference shares of the Corporation which is outstanding from time to time; and further, the Corporation will not, if it 

				should otherwise be so authorized at any time, either redeem or purchase for cancellation the Class C preference shares of the Corporation for an amount less than the lesser of the
Redemption Amount of the Class C preference shares being so redeemed or purchased and the fair market value of the Corporation valued on a going concern basis at the time of purchase.

	9.	The issue, transfer or Ownership of shares is/is not

restricted and the restrictions (if any) are as follows:	L'émission, le transfert ou la propriété d'actions est/n'est

pas restreinte. Les restrictions, s'il y a lieu, sont les suivantes:
	       	 	 
	 	 	 
	 	 	No share of the Corporation shall be transferred without the express consent of the directors of the Corporation, such consent to be expressed by the votes of a majority of the
directors of the Corporation at a meeting of the directors or by an instrument or instruments in writing signed by a majority of the directors.
	 	 	 
	 	 	 
	 	 	 
	10.	Other provisions (if any):	 Autres dispositions, s'il y a lieu:
	 	 	 	 
	 	 	(1)	The number of shareholders of the Corporation, exclusive of persons who are in its employment and exclusive of persons who, having been formerly in the
employment of the Corporation, were, while in that employment and have continued after the termination of that employment to be, shareholders of the Corporation, is limited to not more than 50, 2 or more persons who are the joint registered owners
of 1 or more shares being counted as 1 shareholder.
	 	 	 	 
	 	 	(2)	Any invitation to the public to subscribe for securities of the Corporation is prohibited.
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	11.	The statements required by subsection 178(2) of the

Business Corporations Act are attached as Schedule "A".	Les déclarations exigées aux termes du paragraphe

178(2) de la Loi sur les compagnies constituent I'annexe "A".
	 		
	12.	A copy of the amalgamation agreement or directors

resolutions (as the case may be) is/are attached as

Schedule "B". 	Une copie de la convention de fusion ou les résolutions

des administrateurs (selon le cas) constitute(nt) I'annexe

"B". 

	 	These article are signed in duplicate.	Les présents statuts sont signés en double exemplaire.
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	Names of the amalgamating corporations and

signatures and descriptions of office of their proper

officers 	Dénomination sociale des compagnies qui fusionnent,

signature et fonction de leurs dirigeants régulièrement

désignés.
	 	 	       	 
	 	 	 	 
	 	 	909701 ONTARIO INC.
	       	 		
	 	 	BY:	     Robert C. Manion                     
                        
	 	 		ROBERT C. MANION, PRESIDENT
	 	 	 	 
	 	 	SYNERLOGIC INC.
	 	 	 	 
	 	 	BY:	     Robert C. Manion                     
                        
	 	 		ROBERT C. MANION, VICE PRESIDENT

  

Schedule "A" 

909701 Ontario Inc.

Statement

	          I, Robert C. Manion, President of 909701 Ontario Inc. (the
"Corporation"), refer to the proposed amalgamation of the Corporation with Synerlogic Inc. ("Synerlogic") and hereby state that:
	 	 
	1.      	There are reasonable grounds for believing that:
	 	 	 
		(a)      	the Corporation is able to pay its liabilities as they become due;
	 	 	 
		(b)	the corporation continuing from the amalgamation of the Corporation and Synerlogic (the "Amalgamated Corporation") will be able to pay its liabilities as they become due;
	 	 	 
		(c)	the realizable value of the Amalgamated Corporation's assets immediately after the issuance of the certificate of amalgamation giving effect to the said amalgamation will not be less than the
aggregate of its liabilities and' stated capital of all classes; and
	 	 	 
		(d)	no creditor of the Corporation will be prejudiced by the said amalgamation.
	 	 
	2.	No creditor has notified the Corporation that such creditor objects to the proposed amalgamation.
	 	 
		DATED October 26, 1994.
	 	 	 	 
	 	 	 	     Robert C. Manion                      
                  
			 	Robert C. Manion, President

Schedule "A" 

Synerlogic Inc.

Statement

	          I, Robert C.
Manion, Vice-President of Synerlogic Inc. (the "Corporation"), refer to the proposed amalgamation of the Corporation with 909701 Ontario Inc. ("909701") and hereby state that:
	 	 
	1.      	There are reasonable grounds for believing that:
	 	 	 
		(a)      	the Corporation is able to pay its liabilities as they become due;
	 	 	 
		(b)	the corporation continuing from the amalgamation of the Corporation and 909701 (the "Amalgamated Corporation") will be able to pay its
liabilities as they become due;
	 	 	 
		(c)	the realizable value of the Amalgamated Corporation's assets immediately after the issuance of the certificate of amalgamation giving effect to the said amalgamation will not be less than the
aggregate of its liabilities and stated capital of all classes; and
	 	 	 
		(d)	no creditor of the Corporation will be prejudiced by the said amalgamation.
	 	 
	2.	No creditor has notified the Corporation that such creditor objects to the proposed amalgamation.
	 	 
		DATED October 26, 1994.
	 	 	 	 
	 	 	 	Robert C. Manion                            
            
			 	
Robert C. Manion, Vice-President

Schedule "B" 

AMALGAMATION AGREEMENT

	                THIS AGREEMENT is made as of November 1, 1994
	 
	BETWEEN:
	 	 	 	 
	 	 	 909701 Ontario Inc., a corporation incorporated under the laws of the Province of Ontario ("909701")	 
	 	 	 

	 
	 	 	 -and-

	 
	 	 	 

	 
	 	 	 Synerlogic Inc., a corporation incorporated under the laws of Canada and continued under the laws of the Province of Ontario ("Synerlogic").	 
	 
	                WHEREAS 909701 was incorporated under the laws of the Province of Ontario by articles of
incorporation effective August 29, 1990 and 1 Class A Preference Share and 100 common shares of 909701 are issued and outstanding as fully paid and non-assessable;
	 
	                WHEREAS Synerlogic was incorporated under the laws of Canada and continued under the laws of the
Province of Ontario by articles of continuance effective December 30, 1988 and 4,856,694 common shares and 20,000 first preferred shares and 103,000 second preferred shares of Synerlogic are issued and outstanding as fully paid and non-assessable;
and
	 
	                WHEREAS the parties hereto propose to amalgamate and continue as one corporation;
	 
	                NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the covenants and agreements herein
contained the parties hereto agree as follows:
	 
	1.             909701 and Synerlogic shall amalgamate, pursuant to the provisions of the Business Corporations Act (Ontario), and continue as one corporation (hereinafter referred to as the "Amalgamated Corporation") upon and subject to the terms and conditions and
in the manner hereinafter set out.
	 
	2.            The name of the Amalgamated Corporation shall be an Ontario numbered
company as issued by the Ministry of Consumer and Commercial Relations.
	 
	3.            The registered office of the Amalgamated Corporation shall be located
in the City of Etobicoke in the Municipality of Metropolitan Toronto in the Province of 

	Ontario and the address of the Amalgamated Corporation shall be 185 The West Mall, Suite 500, Etobicoke, Ontario, M9C 5L5.
	 
	4.            The number of directors of the Amalgamated Corporation shall be a minimum of
one (1) and a maximum of ten (10) and the following persons shall be the first directors:
	 	 	 
	Name	Residence Address	Resident Canadian
	 	 	 
	Robert C. Manion	1200 Botany Hill

Oakville, Ontario

L6J 6J5 	Yes
	 	 	 
	
David E. Seibel

	14 Cedar Road

Gloucester, Ontario

KlJ 6L4 	Yes
	 	 	 
	Richard Von Hagen	1505 Caulder Drive

Oakville, Ontario

L6J 5Tl	
 Yes

	 
	5.            There shall be no restrictions on the business the Amalgamated Corporation may carry on or on the powers the Amalgamated Corporation may exercise.
	 
	6.            The Amalgamated Corporation shall be authorized to issue:
	 	 	 	 
	 	 	(1)      	an unlimited number of common shares;
	 	 	 	 
	 	 	
(2)

	an unlimited number of Class A preference shares;
	 	 	 	 
	 	 	(3)	an unlimited number of Class B preference shares; and
	 	 	 	 
	 	 	(4)	
an unlimited number of Class C preference shares.

	 
	7.            The rights, privileges, restrictions and conditions attaching to the common
shares, the Class A preference shares, the Class B preference shares and the Class C preference shares of the Amalgamated Corporation are set forth in Appendix I to this Agreement.
	 
	8.            The right to transfer shares in the capital of the Amalgamated Corporation
shall be restricted in that no share of the Amalgamated Corporation shall be transferred without the express consent of the directors of the Amalgamated Corporation expressed by the votes of a majority of the directors of the Amalgamated Corporation
at a meeting 

	of the directors or by an instrument or instruments in writing signed by a majority of the directors.
	 
	9.               The issued and outstanding shares in the capital of each of the parties hereto, except the shares, if
any, cancelled pursuant to Section 9 hereof, shall, upon articles of amalgamation in respect of the amalgamation becoming effective, be converted into issued and outstanding and fully paid and non-assessable shares in the capital of the Amalgamated
Corporation on the following basis:
	 	 	 
	   	
(a)      

	each common share in the capital of 909701 shall become a common share in the capital of the Amalgamated Corporation;
	 	 	 
	 	
(b)

	the one (1) single Class A Preference share in the capital of 909701 shall become one (1) single Class A preferred share in the capital of the Amalgamated
Corporation;
	 	 	 
	 	
(c)

	the 4,856,694 common shares in the capital of Synerlogic shall become one (1) Class B preferred share in the capital of the Amalgamated Corporation by conversion of one
common share to .000000205 of a Class B preferred share; and
	 	 	 
	 	
(d)

	the 123,000 first and second preferred shares in the capital of Synerlogic shall become one (1) Class C preference share in the capital of the Amalgamated Corporation by
conversion of one first or second preferred share to .00000813 of a Class C preference share.
	 	 
	After articles of amalgamation in respect of the amalgamation become effective, the holders of shares of 909701 and Synerlogic shall be entitled to receive certificates representing shares of the
Amalgamated Corporation on the bases aforesaid on presentation and surrender of the certificates representing shares held by them at the registered office of the Amalgamated Corporation and shall, if requested by the Amalgamated Corporation,
surrender the certificates representing shares of 909701 or Synerlogic for cancellation.
	 
	10.               Holders of shares of either of the parties hereto shall not be entitled to be registered on the books
of the Amalgamated Corporation in respect of a fraction of one of the issued shares of the Amalgamated Corporation resulting from the conversion described above or to receive any consideration in respect thereof.
	 
	11.               The by-laws of 909701, shall, mutatis mutandis, be the by-laws of the Amalgamated Corporation,
such by-laws after the amalgamation becoming effective to be supplemented, amended or repealed in accordance with the provisions of the Business Corporations Act (Ontario) relating to the making, amending and repealing of by-laws.

	
A copy of such by-laws may be examined at 185 The West Mall, Suite 500, Etobicoke, Ontario, M9C 5L5.

	 
	
12.      The number of shareholders of the Amalgamated Corporation, exclusive of persons who are in its employment and exclusive of persons who, having been formerly in the
employment of the Amalgamated Corporation, were, while in that employment and have continued after the termination of that employment to be, shareholders of the Amalgamated Corporation, is limited to not more than 50, two or more persons who arc the joint registered owners of one or more shares being counted as one shareholder.

	 
	13.      Any invitation to the public to subscribe for securities of the Amalgamated Corporation is prohibited.
	 
	14.      Each of the parties hereto may, by resolution of their respective directors, assent to any amendment or variation of this Agreement which the shareholders
of the parties hereto may approve and the term "Agreement" as used herein shall include this Agreement as so amended or varied.
	 
	15.      Notwithstanding the approval of this Agreement by the shareholders of either party hereto, the directors of such party may by resolution terminate this
Agreement at any time prior to the endorsement of a certificate of amalgamation upon articles of amalgamation in respect hereof.
	 
	           IN WITNESS WHEREOF the parties have executed this Agreement as of the 26th
day of October, 1994.
	 	 
		909701 Ontario Inc.
		 
		Per:    	     Robert C. Manion                   
                     
	 	 	 
	 	Synerlogic Inc.
	 	 	 
		Per:	     Robert C. Manion                   
                     
	 	 	 
		Per:	    [SIGNATURE ILLEGIBLE]                    
      

  

 

	For Ministry Use Only

A l'usage exclusif du ministére	 

	 Ontario Corporation Number

Numéro de la societé en Ontario

1102773 

STAMP

             MAY  23       MAI,  2001

																																	
	 
  ARTICLES OF AMENDMENT

STATUTS DE MODIFICATION
	 	 	 	 
	Form 3

Business

Corporations

Act	 	1.    The name of the corporation is:	Dénomination sociale de la société:
	 	       	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	  		
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Formule 3

Loi sur les

sociétés par

actions

	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	  	 	 2.    The name of the corporation is changed to (if

       applicable): 	Nouvelle dénomination sociale de la société (s'il y a lieu):    
            
	  
	  	 	
A

	
C

	
C

	
E

	
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U

	
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E

	  	
C

	
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	 . 	  
	  	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	 	 3.    Date of incorporation/amalgamation:	Date de la constitution ou de la fusion:   
	  	 	  
	  	 	 1994/11/01  
 
	  	 	
(Year, Month, Day)

(année, mois, jour) 

	  	 	  
	  	 	 4.    The articles of the corporation are amended as        follows:	Les statuts de la société sont modifiés de la façon suivante.   
	  	 	  
	 	 	PAGES 1A TO 1U ARE INCORPORATED IN THIS FORM.
	  	 	  
	  	 	  

  

	The articles of the Corporation are amended as follows:
	 	 
	(1)	to create an unlimited number of Exchangeable Shares;
	 	 
	(2)	to declare that the capital of the Corporation after giving effect to the foregoing consists of an unlimited number of common shares, an unlimited
number of Class A preference shares, an unlimited number of Class B preference shares, an unlimited number of Class C preference shares, and an unlimited number of Exchangeable Shares;
	 	 
	(3)	to provide that the rights, privileges, restrictions and conditions attaching to the Exchangeable Shares are as set out in Schedule 1 hereto;
and
	 	 
	(4)	to change the name of the Corporation to "Accenture Canada Holdings Inc.".

SCHEDULE 1

Exchangeable Share Conditions

ARTICLE 1

INTERPRETATION

For the purposes of these rights, privileges, restrictions and conditions:

Section 1.1    Definitions.

"Act" means the Business Corporations Act (Ontario), as amended, consolidated or reenacted from time to time.

"Automatic Redemption Date" means the date for the automatic redemption by the Corporation of Exchangeable Shares pursuant to Article 7 of these share provisions, which date
shall be such date as is set by the Board of Directors following receipt by the Corporation of an opinion satisfactory to the Board of Directors from an internationally recognized legal counsel or professional tax advisor to the effect that such
redemption should be able to be effected on a tax-deferred basis with respect to holders of Exchangeable Shares resident in Canada for purposes of the Income Tax Act (Canada).

"Board of Directors" means the Board of Directors of the Corporation and any committee thereof acting within its authority.

"Business Day" means any day other than a Saturday, a Sunday or a day when banks are not generally open for business in Toronto, Ontario, Hamilton, Bermuda and New York, New
York.

"Common Shares" means the common shares in the capital of the Corporation.

"Class A Shares" means the Class A shares, par value $0.00001 per share in the capital of ParentCo and including any other securities issued by ParentCo in substitution therefor
or provided in section 2.6 of the Support Agreement.

"Corporation" means Accenture Canada Holdings Inc., a corporation incorporated and existing under the Act.

"Current Market Price" means, on any given day in respect of a Class A Share; 

	(a)	  	if the Exchangeable Share Consideration is to be satisfied by the payment of money, the average price per share on such day, net of brokerage and similar transaction costs, at which ParentCo
sells Class A Shares for the purpose of satisfying the Exchangeable Share Consideration in cash; and
	 	 	 
	(b)	 	if the Exchangeable Share Consideration is to be satisfied by the delivery of Class A Shares, the average of the high and low sales prices of the Class A Shares reported on the principal stock
exchange or automated quotation system on which the Class A Shares are 

	     	     	listed or quoted, as the case may be and as determined by the Board of Directors, on the Business Day following the date of receipt of notice by the Corporation of the notice
required to be received in order to calculate the Exchangeable Share Consideration hereunder, net of customary brokerage and similar transaction costs,. 

"Effective Date" means the date of the completion of the initial public offering of Class A Shares.

"Exchange Put Right" has the meaning provided in Article 8. 

"Exchange Trust Agreement" means the Exchange Trust Agreement between the Corporation, ParentCo and the Trustee made as of the Effective Date.

"Exchangeable Share Consideration" means, with respect to each Exchangeable Share, for any acquisition of, or redemption of, or distribution of assets of the Corporation in
respect of, or purchase pursuant to the Exchange Put Right of, Exchangeable Shares pursuant to these share provisions, the Support Agreement or the Exchange Trust Agreement, that part of the relevant consideration which is:

	(c) 	     	the Current Market Price of a Class A Share, such consideration shall be fully paid and satisfied, at the option of ParentCo on the date of any payment of such consideration, by
either the payment of money by a cheque or cheques payable at par at any branch of bankers of the payor, or by the delivery of one Class A Share, as evidenced by certificates representing the aggregate number of such Class A Shares;
	     	 	 
	(d)	 	the amount of all declared and unpaid and undeclared but payable cash dividends deliverable in connection with such action, a cheque or cheques payable at par at any branch of
bankers of the payor; and
	 	 	 
	(e)	 	all declared and unpaid non-cash dividends deliverable in connection with such action, such consideration shall be fully satisfied by the delivery of such non-cash items;

provided that (i) any such share shall be duly issued as fully paid and non-assessable and any such property shall be delivered free and clear of any lien, claim, encumbrance, security interest
or adverse claim or interest created by or through the Corporation or ParentCo; and (ii) such consideration shall be paid less any tax required to be deducted and withheld therefrom, unless the holder provides to the Corporation a certificate or
such other assurance as is provided for under applicable legislation as is required to ensure that the Corporation is not liable for such tax, and without interest.

"Exchangeable Share Price" means, for each Exchangeable Share, at any given date, an amount equal to the aggregate of:

	(a)	     	the Current Market Price of a Class A Share; plus
	     	 	 
	(b)	 	an additional amount equal to the full amount of all cash dividends declared and unpaid on such Exchangeable Share; plus

	(c) 	     	an additional amount equal to all dividends declared on a Class A Share which have not been declared on each Exchangeable Share in accordance herewith; plus
	 	 	 
	(d)	 	an additional amount representing the value of non-cash dividends declared and unpaid on such Exchangeable Share.

"Exchangeable Shares" means the Exchangeable Shares of the Corporation having the rights, privileges, restrictions and conditions set forth herein.

"Liquidation Amount" has the meaning provided in Section 5.1 hereof.

"Liquidation Call Right" has the meaning provided in the Support Agreement. 

"Liquidation Date" has the meaning provided in Section 5.1 hereof.

"ParentCo" means Accenture Ltd, a corporation organized and existing under the laws of Bermuda and includes any successor corporation.

"ParentCo Call Notice" has the meaning provided in Section 6.3 hereof

"ParentCo Dividend Declaration Date" means the date on which the board of directors of ParentCo declares any dividend on the Class A Shares.

"ParentCo Dividend Payment Date" means the date on which any dividend declared by the board of directors of ParentCo on the Class A Shares is to be paid.

"Purchase Price" has the meaning provided in Section 6.3 hereof.

"Redemption Call Purchase Price" has the meaning provided in the Support Agreement.

"Redemption Call Right" has the meaning provided in the Support Agreement. 

"Redemption Price" has the meaning provided in Section 7.1 hereof.

"Reorganization" means the reorganization of the capital structure of the Corporation pursuant to which the Corporation issued certain Exchangeable Shares.

"Retracted Shares" has the meaning provided in Subsection 6.1(i) hereof.

"Retraction Call Right" has the meaning provided in Subsection 6.1(iii) hereof. 

"Retraction Date" has the meaning provided in Subsection 6.1(ii) hereof.

"Retraction Price" has the meaning provided in Section 6.1 hereof.

"Retraction Request" has the meaning provided in Section 6.1 hereof.

"Subsidiary", in relation to any person, means any body corporate, partnership, joint venture, association or other entity of which more than 50% of the total voting power of
shares or units of
ownership or beneficial interest entitled in all circumstances to vote in the election of directors (or members of a comparable governing body) is owned or controlled, directly or indirectly, by such person.

"Support Agreement" means the Support Agreement between ParentCo and the Corporation made as of the Effective Date.

"Transfer Restrictions" means any restrictions to which either the Exchangeable Shares or Class A Shares may be subject pursuant to any contract or agreement between the
Corporation or any affiliate thereof and the holder of Exchangeable Shares or Class A Shares..

"Trustee" means any trustee or any successor trustee appointed under the Exchange Trust Agreement.

ARTICLE 2

RANKING OF EXCHANGEABLE SHARES

Section 2.1  The Exchangeable Shares shall be entitled to a preference over the Common Shares and any other shares ranking junior to the Exchangeable Shares, with respect to (i)
priority in payment of dividends, and (ii) the distribution of assets in the event of the liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, or any other distribution of the assets of the Corporation among
its shareholders for the purpose of winding-up its affairs.

ARTICLE 3

DIVIDENDS

Section 3.1  The Board of Directors shall, subject to applicable law, on each ParentCo Dividend Declaration Date, declare a dividend on each Exchangeable Share, and a holder of
Exchangeable Shares shall, subject to applicable law, be entitled to receive on each ParentCo Dividend Payment Date, in each case, (a) in the case of a cash dividend declared on the Class A Shares, in an amount in cash for each Exchangeable Share
equal to the cash dividend declared on each Class A Share or (b) in the case of a share dividend declared on the Class A Share to be paid in Class A Shares, in such number of Exchangeable Shares for each Exchangeable Share as is equal to the number
of Class A Shares to be paid on each Class A Share or (c) in the case of a dividend declared on the Class A Shares in property (other than cash or Class A Shares) in such type and amount of property for each Exchangeable Share as is the same as the
type and amount of property declared as a dividend on each Class A Share. Such dividends shall be paid out of money, assets or property of the Corporation properly applicable to the payment of dividends, or out of authorized but unissued shares of
the Corporation.

Section 3.2  Cheques of the Corporation payable at par at any branch of the bankers of the Corporation shall be issued in respect of any cash dividends contemplated by Subsection
3.1(a) hereof and the sending of such a cheque to each holder of an Exchangeable Share (less any tax required to be deducted and withheld from such dividends paid or credited by the Corporation) at the address of such holder according to the share
register of the Corporation shall satisfy the cash
dividends represented thereby unless the cheque is not paid on presentation. Certificates registered in the name of the registered holder of Exchangeable Shares shall be issued or transferred in respect of any share dividends contemplated by
Subsection 3.1(b) hereof and the sending of such a certificate to each holder of an Exchangeable Share at the address for such holder according to the share register of the Corporation shall satisfy the share dividend represented thereby. Such other
type and amount of property in respect of any dividends contemplated by Subsection 3.1(c) hereof shall be issued, distributed or transferred by the Corporation in such manner as it shall determine and the issuance, distribution or transfer thereof
by the Corporation to each holder of an Exchangeable Share at the address for such holder according to the share register of the Corporation shall satisfy the dividend represented thereby. In all cases any such dividends shall be subject to any
reduction or adjustment for tax required to be deducted and withheld from such dividends paid or credited by the Corporation. No holder of an Exchangeable Share shall be entitled to recover by action or other legal process against the Corporation
any dividend which is represented by a cheque that has not been duly presented to the Corporation's bankers for payment or which otherwise remains unclaimed for a period of six years from the date on which such dividend was payable.

Section 3.3   The record date for the determination of the holders of Exchangeable Shares entitled to receive payment of, and the payment date for, any dividend declared on the
Exchangeable Shares under Section 3.1 hereof shall be the same dates as the record date and payment date, respectively, for the corresponding dividend declared on the Class A Shares.

Section 3.4   If on any payment date for any dividends declared on the Exchangeable Shares under Section 3.1 hereof the dividends are not paid in full on all of the Exchangeable
Shares then outstanding, any such dividends which remain unpaid shall be paid on a subsequent date or dates determined by the Board of Directors on which the Corporation shall have sufficient moneys, assets or property properly applicable to the
payment of such dividends.

Section 3.5   Except as provided in this Article 3, the holders of Exchangeable Shares shall not be entitled to receive dividends in respect thereof.

ARTICLE 4

CERTAIN RESTRICTIONS

Section 4.1   So long as any of the Exchangeable Shares are outstanding, the Corporation shall not without, but may at any time with, the approval of the holders of the
Exchangeable Shares given as specified in Section 10.2 of these share provisions at any time amend the articles or by-laws of the Corporation in a manner which would prejudicially affect the holders of Exchangeable Shares in any material
respect.

ARTICLE 5

DISTRIBUTION ON LIQUIDATION

Section 5.1   In the event of the liquidation, dissolution or winding-up of the Corporation or any other distribution of the assets of the Corporation among its shareholders for
the purpose of
winding-up its affairs, a holder of Exchangeable Shares shall be entitled, subject to applicable law, to receive from the assets of the Corporation in respect of each Exchangeable Share held by such holder on the effective date of such liquidation,
dissolution or winding-up (the "Liquidation Date"), before any distribution of any part of the assets of the Corporation to the holders of the Common Shares or any other shares ranking junior to the Exchangeable Shares, an amount equal to
the Exchangeable Share Price applicable on the last Business Day prior to the Liquidation Date (the "Liquidation Amount") which, as set forth in section 5.2, shall be fully paid and satisfied by the delivery by or on behalf of the
Corporation of the Exchangeable Share Consideration representing such holder's total Liquidation Amount. In connection with payment of the Exchangeable Share Consideration representing the total Liquidation Amount, the Corporation shall be entitled
to liquidate some of the Class A Shares which would otherwise be deliverable to the particular holder of Exchangeable Shares in order to fund any statutory withholding tax obligation.

Section 5.2   As soon as practicable but in no event later than 5 Business Days after the Liquidation Date, and subject to (i) the exercise by ParentCo of the Liquidation Call
Right, (ii) the Transfer Restrictions, (iii) either the Corporation or ParentCo being subject to any trading 'blackout' or 'windows' period, and (iv) ParentCo determining, in its sole discretion, that the issuance of Class A Shares in a public
offering in the United States of America would be inadvisable at such time or during such period as a result of application of any United States federal or state law or regulation, and receipt by the Corporation of appropriate certificates or other
assurances in respect of applicable taxes related to the payment of the Exchangeable Share Consideration, the Corporation shall cause to be delivered to the holders of the Exchangeable Shares the Exchangeable Share Consideration representing the
Liquidation Amount for each such Exchangeable Share upon presentation and surrender of the certificates representing such Exchangeable Shares, together with such other documents and instruments as may be required to effect a transfer of Exchangeable
Shares under the Act and the by-laws of the Corporation and such additional documents and instruments as the Corporation may reasonably require, at the registered office of the Corporation or such other office in Ontario, Canada as may be specified
by the Corporation by notice to the holders of the Exchangeable Shares. The Exchangeable Share Consideration representing the total Liquidation Amount for such Exchangeable Shares shall be delivered to each holder, at the address of the holder
recorded in the securities register of the Corporation for the Exchangeable Shares or by holding for pick up by the holder at the registered office of the Corporation or at such other office in Ontario, Canada as may be specified by the Corporation
by notice to the holders of Exchangeable Shares. On and after the Liquidation Date, the holders of the Exchangeable Shares shall cease to be holders of such Exchangeable Shares and shall not be entitled to exercise any of the rights of holders in
respect thereof, other than the right to receive their respective Exchangeable Share Consideration, unless payment of the Exchangeable Share Consideration representing the total Liquidation Amount for such Exchangeable Shares shall not be made upon
presentation and surrender of share certificates in accordance with the foregoing provisions, in which case the rights of the holders shall remain unaffected until the Exchangeable Share Consideration representing the total Liquidation Amount has
been paid in the manner hereinbefore provided. The Corporation shall have the right at any time on or after the Liquidation Date to deposit or cause to be deposited the Exchangeable Share Consideration in respect of the Exchangeable Shares
represented by certificates that have not at the Liquidation Date been surrendered by the holders thereof in a custodial account or for safekeeping, in the case of non-cash items, with any chartered bank or trust company in Canada.
Upon such deposit being made, the rights of the holders of Exchangeable Shares after such deposit shall be limited to receiving their proportionate share of the Exchangeable Share Consideration representing the total Liquidation Amount for such
Exchangeable Shares so deposited, against presentation and surrender of the said certificates held by them, respectively, in accordance with the foregoing provisions. If such payment or deposit of such Exchangeable Share Consideration is made in
part in Class A Shares, the holders of the Exchangeable Shares shall thereafter be considered and deemed for all purposes to be the holders of the Class A Shares delivered to them. 

Section 5.3   After the Corporation has satisfied its obligations to pay the holders of the Exchangeable Shares the Exchangeable Share Consideration representing the Liquidation
Amount per Exchangeable Share, such holders shall not be entitled to share in any further distribution of the assets of the Corporation.

Section 5.4   If ParentCo exercises the Liquidation Call Right, each holder of Exchangeable Shares shall be obligated to sell all the Exchangeable Shares held by such holder to
ParentCo on the Liquidation Date on payment by ParentCo to the holder of the Exchangeable Share Consideration representing the Liquidation Call Purchase Price for each such share.

ARTICLE 6

RETRACTION OF EXCHANGEABLE SHARES BY HOLDER

Section 6.1   A holder of Exchangeable Shares shall be entitled at any time, subject to (i) the exercise by ParentCo of the Retraction Call Right which, if exercised by
ParentCo, shall be binding on the holders of Exchangeable Shares, (ii) the Transfer Restrictions, (iii) either the Corporation or ParentCo being subject to any trading 'blackout' or 'windows' period, and (iv) ParentCo determining, in its sole
discretion, that the issuance of Class A Shares in a public offering in the United States of America would be inadvisable at such time or during such period as a result of application of any United States federal or state law or regulation, and
otherwise upon compliance with the provisions of this Article 6, to require the Corporation to redeem any or all of the Exchangeable Shares registered in the name of such holder for the Exchangeable Share Price applicable on the Business Day
following the date of the Retraction Request (the "Retraction Price") which as set forth in section 6.4 shall be fully paid and satisfied by the delivery by or on behalf of the Corporation of the Exchangeable Share Consideration
representing such holder's total Retraction Price. In connection with payment of the Exchangeable Share Consideration representing the total Retraction Price, the Corporation shall be entitled to liquidate some of the Class A Shares that would
otherwise be deliverable to the particular holder of Exchangeable Shares in order to fund any statutory withholding tax obligation. To effect such redemption, the holder shall present and surrender at the registered office of the Corporation or at
such other office in Ontario, Canada as may be specified by the Corporation by notice to the holders of Exchangeable Shares the certificate or certificates representing the Exchangeable Shares which the holder desires to have the Corporation redeem,
together with such other documents and instruments as may be required to effect a transfer of Exchangeable Shares under the Act and the by-laws of the Corporation and such additional documents and instruments as the Corporation may reasonably
require, and together with a duly
executed statement (the "Retraction Request") in the form of Schedule A hereto or in such other form as may be acceptable to the Corporation:

	(i)	  	specifying that the holder desires to have all or any number specified therein of the Exchangeable Shares represented by such certificate or certificates (the "Retracted Shares")
redeemed by the Corporation;
	 	 	 
	(ii)	 	stating the Business Day on which the holder desires to have the Corporation redeem the Retracted Shares (the "Retraction Date"), provided that such date shall be not less than five
Business Days nor more than ten Business Days, or such other number of Business Days as the Corporation may determine, after the date on which the Retraction Request is received by the Corporation and further provided that, in the event that no such
Business Day is specified by the holder in the Retraction Request, the Retraction Date shall be deemed to be the fifth Business Day after the date on which the Retraction Request is received by the Corporation; 
	 	 	 
	(iii)	 	acknowledging the overriding right (the "Retraction Call Right") of ParentCo to purchase all but not less than all of the Retracted Shares directly from the holder and that the
Retraction Request shall be deemed to be a revocable offer by the holder to sell the Retracted Shares in accordance with the Retraction Call Right on the terms and conditions set out in Section 6.3 below.

Section 6.2  Subject to the exercise by ParentCo of the Retraction Call Right, upon receipt by the Corporation in the manner specified in Section 6.l hereof of a certificate or
certificates representing the number of Exchangeable Shares which the holder desires to have the Corporation redeem, together with a Retraction Request as well as appropriate certificates or other assurances in respect of applicable taxes related to
the payment of the Exchange Share Consideration, and provided that the Retraction Request is not revoked by the holder in the manner specified in Section 6.7 hereof, the Corporation shall redeem the Retracted Shares effective at the close of
business on the Retraction Date and shall cause to be delivered on the Retraction Date to such holder the Exchangeable Share Consideration representing the total Retraction Price with respect to such shares in accordance with Section 6.4 hereof. If
only a part of the Exchangeable Shares represented by any certificate are redeemed or purchased by ParentCo pursuant to the Retraction Call Right, a new certificate for the balance of such Exchangeable Shares shall be issued on the Retraction Date
to the holder at the expense of the Corporation.

Section 6.3  Upon receipt by the Corporation of a Retraction Request, the Corporation shall immediately notify ParentCo thereof. In order to exercise the Retraction Call Right,
ParentCo must notify the Corporation in writing of its determination to do so (the "ParentCo Call Notice") within two Business Days of such notification. If ParentCo does not so notify the Corporation within two Business Days, the
Corporation will notify the holder as soon as possible thereafter that ParentCo will not exercise the Retraction Call Right. If ParentCo delivers the ParentCo Call Notice within such two Business Days, and provided that the Retraction Request is not
revoked by the holder in the manner specified in Section 6.7, the Retraction Request shall thereupon be considered only to be an offer by the holder to sell the Retracted Shares to ParentCo in accordance with the Retraction Call Right. In such
event, the Corporation shall not redeem the
Retracted Shares and ParentCo shall purchase from such holder and such holder shall sell to ParentCo on the Retraction Date the Retracted Shares for a purchase price (the "Purchase Price") per share equal to the Retraction Price per share
which as set forth in section 6.4, shall be fully paid and satisfied by the delivery by or on behalf of ParentCo of the Exchangeable Share Consideration representing such holder's total Purchase Price. For the purposes of completing a purchase
pursuant to the Retraction Call Right, ParentCo shall deposit with the Corporation, on or before the Retraction Date, the Exchangeable Share Consideration for each Exchangeable Share to be purchased. Provided that such Exchangeable Share
Consideration has been so deposited with the Corporation, the closing of the purchase and sale of the Retracted Shares pursuant to the Retraction Call Right shall be deemed to have occurred as at the close of business on the Retraction Date and, for
greater certainty, no redemption by the Corporation of such Retracted Shares shall take place on the Retraction Date. In the event that ParentCo does not deliver a ParentCo Call Notice within two Business Days or otherwise comply with these
Exchangeable Share provisions in respect thereto, and provided that the Retraction Request is not revoked by the holder in the manner specified in Section 6.7 hereof, the Corporation shall redeem the Retracted Shares on the Retraction Date and in
the manner otherwise contemplated in this Article 6.

Section 6.4   Subject to receipt by the Corporation or ParentCo of appropriate certificates or other assurances in respect of applicable taxes related to the payment of the
Exchangeable Share Consideration, the Corporation or ParentCo, as the case may be, shall deliver on the Retraction Date the Exchangeable Share Consideration representing the total Retraction Price or the total Purchase Price, as the case may be, to
the relevant holder, at the address of the holder recorded in the securities register of the Corporation for the Exchangeable Shares or at the address specified in the holder's Retraction Request or by holding for pick-up by the holder at the
registered office of the Corporation or at such other office in Ontario, Canada as may be specified by the Corporation by notice to the holders of Exchangeable Shares and such delivery of such Exchangeable Share Consideration shall be deemed to be
payment of and shall satisfy and discharge all liability under this Article 6, except as to any cheque included therein which is not paid on due presentation.

Section 6.5   On and after the close of business on the Retraction Date, the holder of the Retracted Shares shall not be entitled to exercise any of the rights of a holder in
respect thereof, other than the right to receive the Exchangeable Share Consideration representing the total Retraction Price or total Purchase Price, as the case may be, unless upon presentation and surrender of certificates in accordance with the
foregoing provisions, payment of the Exchangeable Share Consideration representing the total Retraction Price or the total Purchase Price, as the case may be, shall not be made, in which case the rights of such holder shall remain unaffected until
the Exchangeable Share Consideration representing the total Retraction Price or the total Purchase Price, a the case may be, has been paid in the manner hereinbefore provided. On and after the close of business on the Retraction Date, provided that
presentation and surrender of certificates and payment of the total Retraction Price or the total Purchase Price, as the case may be, has been made in accordance with the foregoing provisions, the holder of the Retracted Shares so redeemed by the
Corporation or purchased by ParentCo shall thereafter be considered and deemed for all purposes to be a holder of the Class A Shares delivered to it.  

Section 6.6   Notwithstanding any other provision of this Article 6, the Corporation shall
not be obligated to redeem Retracted Shares specified by a holder in a Retraction Request to the extent that such redemption of Retracted Shares would be contrary to liquidity or solvency requirements or other provisions of applicable law. If the
Corporation believes that on any Retraction Date it would not be permitted by any of such provisions to redeem the Retracted Shares tendered for redemption on such date, and provided that ParentCo shall not have exercised the Retraction Call Right
with respect to the Retracted Shares, the Corporation shall only be obligated to redeem Retracted Shares specified by a holder in a Retraction Request to the extent of the maximum number that may be so redeemed (rounded down to a whole number of
shares) as would not be contrary to such provisions and shall notify the holder at least two Business Days prior to the Retraction Date as to the number of Retracted Shares which will not be redeemed by the Corporation. In any case in which the
redemption by the Corporation of Retracted Shares would be contrary to liquidity or solvency requirements or other provisions of applicable law, the Corporation shall redeem Retracted Shares in accordance with Section 6.2 of these share provisions
on a pro rata basis in respect of Exchangeable Shares to be redeemed on the applicable Retraction Date, and shall issue on the Retraction Date to each holder of Retracted Shares a new certificate, at the expense of the Corporation, representing the
Retracted Shares not redeemed by the Corporation pursuant to Section 6.2 hereof. Provided that the Retraction Request is not revoked by the holder in the manner specified in Section 6.7 hereof, the holder of any such Retracted Shares not redeemed by
the Corporation pursuant to Section 6.2 of these share provisions as a result of liquidity or solvency requirements or applicable law shall be deemed by giving the Retraction Request to require ParentCo to purchase such Retracted Shares from such
holder on the Retraction Date or as soon as practicable thereafter on payment by ParentCo to such holder of the Exchangeable Share Consideration representing the Purchase Price for each such Retracted Share, all as more specifically provided in the
Exchange Trust Agreement, and ParentCo shall make such purchase.

Section 6.7   A holder of Retracted Shares may, by notice in writing given by the holder to the Corporation before the close of business on the Business Day immediately
preceding the Retraction Date, withdraw its Retraction Request in which event such Retraction Request shall be null and void and, for greater certainty, the revocable offer constituted by the Retraction Request to sell the Retracted Shares to
ParentCo shall be deemed to have been revoked.

ARTICLE 7

REDEMPTION OF EXCHANGEABLE SHARES BY THE CORPORATION

Section 7.1   Subject to applicable law, and if ParentCo does not exercise the Redemption Call Right which, if exercised by ParentCo, shall be binding on the holders of
Exchangeable Shares, the Corporation shall on the Automatic Redemption Date redeem the whole of the then outstanding Exchangeable Shares for an amount equal to the Exchangeable Share Price applicable on the last Business Day prior to the Automatic
Redemption Date (the "Redemption Price"), which as set forth in section 7.3 below, shall be fully paid and satisfied by delivery by or on behalf of the Corporation of the Exchangeable Share Consideration representing the total Redemption
Price. In connection with payment of the Exchangeable Share Consideration representing the Redemption Price, the Corporation shall be entitled to liquidate some of the
Class A Shares which would otherwise be deliverable to the particular holder of Exchangeable Shares in order to fund any statutory withholding tax obligation.

Section 7.2   In any case of a redemption of Exchangeable Shares under this Article 7, the Corporation shall, at least 30 days before the Automatic Redemption Date, send or
cause to be sent to each holder of Exchangeable Shares a notice in writing of the redemption by the Corporation or the purchase by ParentCo under the Redemption Call Right, as the case may be, of the Exchangeable Shares held by such holder. Such
notice shall set out the Automatic Redemption Date and, if applicable, particulars of the Redemption Call Right. Any failure by the Corporation to send any such notice in writing shall not affect the right of the Corporation to redeem the
Exchangeable Shares on the Automatic Redemption Date.

Section 7.3   On the Automatic Redemption Date and subject to the exercise by ParentCo of the Redemption Call Right, and receipt by the Corporation of appropriate certificates
or other assurances in respect of applicable taxes related to the payment of the Exchangeable Share Consideration, the Corporation shall cause to be delivered to the holders of the Exchangeable Shares to be redeemed the Exchangeable Share
Consideration representing the Redemption Price for each such Exchangeable Share upon presentation and surrender at the registered office of the Corporation or at such other office in Ontario, Canada as may be specified by the Corporation in such
notice of the certificates representing such Exchangeable Shares, together with such other documents and instruments as may be required to effect a transfer of Exchangeable Shares under the Act and the by-laws of the Corporation and such additional
documents and instruments as the Corporation may reasonably require. The Exchangeable Share Consideration representing the total Redemption Price for such Exchangeable Shares shall be delivered to each holder, at the address of the holder recorded
in the securities register for the Exchangeable Shares. On the Automatic Redemption Date, the holders of the Exchangeable Shares called for redemption shall cease to be holders of such Exchangeable Shares and shall not be entitled to exercise any of
the rights of holders in respect thereof, other than the right to receive their respective Exchangeable Share Consideration unless payment of the Exchangeable Share Consideration representing the total Redemption Price for such Exchangeable Shares
shall not be made upon presentation and surrender of certificates in accordance with the foregoing provisions, in which case the rights of the holders shall remain unaffected until such Exchangeable Share Consideration has been paid in the manner
hereinbefore provided. The Corporation shall have the right at any time after the automatic Redemption Date to deposit or cause to be deposited the Exchangeable Share Consideration with respect to the Exchangeable Shares so called for redemption, or
of such of the said Exchangeable Shares represented by certificates that have not at the date of such deposit been surrendered by the holders thereof in connection with such redemption, in a custodial account or for safe keeping, in the case of
non-cash items, with any chartered bank or trust company in Canada named in such notice. Upon the later of such deposit being made and the Automatic Redemption Date, the Exchangeable Shares in respect whereof such deposit shall have been made shall
be redeemed and the rights of the holders thereof after such deposit or Automatic Redemption Date, as the case may be, shall be limited to receiving their respective Exchangeable Share Consideration so deposited, against presentation and surrender
of the said certificates held by them, respectively, in accordance with the foregoing provisions. Upon such payment or deposit of such Exchangeable Share Consideration, the holders of the Exchangeable Shares shall thereafter be considered and deemed
for all purposes to be holders of the Class A Shares delivered to them. 

Section 7.4   If ParentCo exercises the Redemption Call Right, each holder of Exchangeable Shares shall be obligated to sell all the Exchangeable Shares held by the holder to
ParentCo on the Automatic Redemption Date on payment by ParentCo to the holder of the Exchangeable Share Consideration representing the Redemption Call Purchase Price for each such share.

ARTICLE 8

EXCHANGE PUT RIGHT

Section 8.1   Upon and subject to the terms and conditions contained in these Exchangeable Share Provisions and the Exchange Trust Agreement:

	(a)	  	a holder of Exchangeable Shares shall have the right (the "Exchange Put Right") at any time to require ParentCo to purchase all or any part of the Exchangeable Shares of the holder,
subject to (i) the Transfer Restrictions, (iii) either the Corporation or ParentCo being subject to any trading 'blackout' or 'windows' period, and (iv) ParentCo determining, in its sole discretion, that the issuance of Class A Shares in a public
offering in the United States of America would be inadvisable at such time or during such period as a result of application of any United States federal or state regulation; and
	 	    	 
	(b)		upon the exercise by the holder of the Exchange Put Right, the holder shall be required to sell to ParentCo, and ParentCo shall be required to purchase from the holder, that number of
Exchangeable Shares in respect of which the Exchange Put Right is exercised, in consideration of the payment by ParentCo of the Exchangeable Share Price applicable thereto (which shall be the Exchangeable Share Price applicable on the Business Day
following the receipt of the notice required under section 8.2 hereof), to be satisfied by delivery by or on behalf of ParentCo of the Exchangeable Share Consideration. 

Section 8.2   The Exchange Put Right provided in Section 8.1 hereof and in Article VII of the Exchange Trust Agreement may be exercised at any time by notice in writing in the
form of Schedule B hereto or in such other form as may be acceptable to ParentCo (the "Notice of Exercise of Exchange Put Right") given by the holder to and received by the Corporation (the date of such receipt, the "Exchange Put
Date") accompanied by presentation and surrender of the certificates representing such Exchangeable Shares, together with such documents and instruments as may be required to effect a transfer of Exchangeable Shares under the Act and the
by-laws of the Corporation and such additional documents and instruments as the Corporation may reasonably require, at the registered office of the Corporation or at such other office in Ontario, Canada as may be specified by the Corporation. The
Notice of Exercise of Exchange Put Right shall be irrevocable unless the exchange is not completed in accordance herewith and shall constitute the holder's authorization to the Corporation (and such other persons aforesaid) to effect the exchange on
behalf of the holder.

Section 8.3   The surrender by the holder of Exchangeable Shares under section 8.2 shall constitute the representation, warranty and covenant of the holder that the Exchangeable
Shares so purchased are sold free and clear of any lien, encumbrance, security interest or adverse claim or interest.

Section 8.4   If a part only of the Exchangeable Shares represented by any certificate are to be sold and purchased pursuant to the exercise of the Exchange Put Right, a new
certificate for the balance of such Exchangeable Shares shall be issued to the holder at the expense of the Corporation within ten Business Days of the exercise of the Exchange Put Right.

Section 8.5   Upon receipt by the Corporation of the notice, certificates and other documents or instruments required by section 8.2, and receipt by the Corporation of
appropriate certificates or other assurance in respect of applicable taxes related to the payment of the Exchangeable Share Consideration, the Corporation shall deliver or cause to be delivered as soon as practicable but in no event later than the
fifth Business Day after the Exchange Put Date, on behalf of ParentCo and subject to receipt by the Corporation from ParentCo of the applicable Exchangeable Share Consideration, to the relevant holder at the address of the holder specified in the
notice or by holding for pick-up by the holder at the registered office of the Corporation, or at such other office in Ontario, Canada as may be specified by the Corporation, the Exchangeable Share Consideration. Delivery by ParentCo to the
Corporation and by the Corporation to the holder of such Exchangeable Share Consideration shall be deemed to be payment of and shall satisfy and discharge all liability for the total applicable Exchangeable Share Price, except as to any cheque
included therein which is not paid on due presentation.

Section 8.6   On and after the close of business on the day on which the Exchangeable Share Consideration is delivered to the holder of Exchangeable Shares in accordance with
Section 8.5, the holder of the Exchangeable Shares in respect of which the Exchange Put Right is exercised shall not be entitled to exercise any of the rights of a holder in respect thereof, other than the right to receive the Exchangeable Share
Consideration, unless upon presentation and surrender of certificates in accordance with the foregoing provisions, payment of such total price shall not be made, in which case the rights of such holder shall remain unaffected until such payment has
been made. On and after the close of business on the day on which the Exchangeable Share Consideration is delivered to the holder of Exchangeable Shares in accordance with Section 8.5, provided that presentation and surrender of certificates and
payment of such total price has been made in accordance with the foregoing provisions, the holder of the Exchangeable Shares so purchased by ParentCo shall thereafter be considered and deemed for all purposes to be a holder of the Class A Shares
delivered to it. 

ARTICLE 9

VOTING RIGHTS

Section 9.1   Except as required by applicable law and by Articles 4 and 10 hereof, the holders of the Exchangeable Shares shall not be entitled as such to receive notice of or
to attend any meeting of the shareholders of Corporation or to vote at any such meeting.

ARTICLE 10

AMENDMENT AND APPROVAL

Section 10.1   The rights, privileges, restrictions and conditions attaching to the Exchangeable Shares may be added to, changed or removed but, except as hereinafter provided,
only with the approval of the holders of the Exchangeable Shares given as hereinafter specified.

Section 10.2   Any approval given by the holders of the Exchangeable Shares to add to, change or remove any right, privilege, restriction or condition attaching to the
Exchangeable Shares or any other matter requiring the approval or consent of the holders of the Exchangeable Shares shall be deemed to have been sufficiently given if it shall have been given in accordance with applicable law subject to a minimum
requirement that such approval be evidenced by resolution passed by not less than 66 2
/3
% of the votes cast on such resolution by persons represented in person or by proxy at a meeting of holders of Exchangeable Shares duly called and held at which the holders of at least 25% of the outstanding Exchangeable Shares at that time are
present or represented by proxy (excluding Exchangeable Shares beneficially owned by ParentCo or its Subsidiaries). If at any such meeting the holders of at least 25% of the outstanding Exchangeable Shares at that time are not present or represented
by proxy within one-half hour after the time appointed for such meeting then the meeting shall be adjourned to such date not less than 24 hours thereafter and to such time and place as may be designated by the Chairman of such meeting. At such
adjourned meeting the holders of Exchangeable Shares present or represented by proxy thereat may transact the business for which the meeting was originally called and a resolution passed thereat by the affirmative vote of not less than 66
2
/3
% of the votes cast on such resolution by persons represented in person or by proxy at such meeting shall constitute the approval or consent of the holders of the Exchangeable Shares. For the purposes of this section, any spoiled votes, illegible
votes, defective votes and abstentions shall be deemed to be votes not cast.

ARTICLE 11

RECIPROCAL CHANGES, ETC. IN RESPECT OF

CLASS A SHARES

Section 11.1   Notwithstanding the provisions of Article 10, the Exchangeable Shares shall be automatically adjusted to fully reflect the effect of any stock split, subdivision,
combination, reverse split, stock dividend (including any dividend or distribution of securities convertible into Class A Shares), reclassification, reorganization, recapitalization or other like change with respect to Class A Stock occurring after
the Effective Date.

ARTICLE 12

ACTIONS BY THE CORPORATION UNDER

SUPPORT AGREEMENT

Section 12.1   The Corporation will take all such actions and do all such things as shall be necessary or advisable to perform and comply with and to ensure performance and
compliance by ParentCo with all provisions of the Support Agreement and the Exchange Trust Agreement in
accordance with the terms thereof including, without limitation, taking all such actions and doing all such things as shall be necessary or advisable to enforce to the fullest extent possible for the direct benefit of the Corporation or the holders
of the Exchangeable Shares all rights and benefits in favour of the Corporation or the holders of the Exchangeable Shares under or pursuant thereto.

Section 12.2   The Corporation shall not propose, agree to or otherwise give effect to any amendment to, or waive or forgive its rights or obligations under, the Support
Agreement or the Exchange Trust Agreement without the approval of the holders of the Exchangeable Shares given in accordance with Section 10.1 of these share provisions other than such amendments, waivers and/or forgiveness as may be necessary or
advisable for the purpose of:

	(a)	  	adding to the covenants of the other party or parties to such agreement for the protection of the Corporation or the holders of Exchangeable Shares; or
	 	 	 
	(b)	 	making such provisions or modifications not inconsistent with such agreement or certificate as may be necessary or desirable with respect to matters or questions arising thereunder which, in
the opinion of the Board of Directors, it may be expedient to make, provided that the Board of Directors shall be of the opinion, after consultation with counsel, that such provisions and modifications will not be prejudicial to the interests of the
holders of the Exchangeable Shares; or
	 	    	 
	(c)	 	making such changes in or corrections to such agreement or certificate which, on the advice of counsel to the Corporation, are required for the purpose of curing or correcting any ambiguity or
defect or inconsistent provision or clerical omission or mistake or manifest error contained therein, provided that the Board of Directors shall be of the opinion, after consultation with counsel, that such changes or corrections will not be
prejudicial to the interest of the holders of the Exchangeable Shares.

ARTICLE 13

LEGEND

Section 13.1   The certificates evidencing the Exchangeable Shares shall contain or have affixed thereto a legend, in form and on terms approved by the Board of Directors, with
respect to the Support Agreement, the Liquidation Call Right and the Redemption Call Right, and the Exchange Trust Agreement (including the provisions with respect to the voting rights, exchange right and automatic exchange thereunder).

ARTICLE 14

MISCELLANEOUS

Section 14.1   Any notice, request or other communication to be given to the Corporation by a holder of Exchangeable Shares shall be in writing and shall be valid and effective
if given by mail (postage prepaid) or by telecopy or by delivery to the registered office of the Corporation and addressed to the attention of the President. Any such notice, request or other communication, if given by mail, telecopy or delivery,
shall only be deemed to have been given and received upon actual receipt thereof by the Corporation.

Section 14.2  Any presentation and surrender by a holder of Exchangeable Shares to the Corporation of certificates representing Exchangeable Shares in connection with the
liquidation, dissolution or winding-up of the Corporation or the retraction or redemption of Exchangeable Shares shall be made by registered mail (postage prepaid) or by delivery to the registered office of the Corporation or to such other office in
Ontario, Canada as may be specified by the Corporation, in each case addressed to the attention of the President of the Corporation. Any such presentation and surrender of certificates shall only be deemed to have been made and to be effective upon
actual receipt thereof by the Corporation and the method of any such presentation and surrender of certificates shall be at the sole risk of the holder.

Section 14.3  Any notice, request or other communication to be given to a holder of Exchangeable Shares by or on behalf of the Corporation shall be in writing and shall be valid and
effective if given by mail (postage prepaid) or by delivery to the address of the holder recorded in the securities register of the Corporation or, in the event of the address of any such holder not being so recorded, then at the last known address
of such holder. Any such notice, request or other communication, if given by mail, shall be deemed to have been given and received on the fifth Business Day following the date of mailing and, if given by delivery, shall be deemed to have been given
and received on the date of delivery. Accidental failure or omission to give any notice, request or other communication to one or more holders of Exchangeable Shares shall not invalidate or otherwise alter or affect any action or proceeding to be or
intended to be taken by the Corporation.

Section 14.4  For greater certainty, the Corporation shall not be required for any purpose under these share provisions to recognize or take account of persons who are not so
recorded in such securities register.

Section 14.5  All Exchangeable Shares acquired by the Corporation upon the redemption or retraction thereof shall be cancelled.

	 	 	COMMON SHARES
	 	 	 
	 	 	
The holders of the Common Shares shall be entitled:

	 	 	 
	1. 	  	To receive notice of, and to attend and to vote at all meetings of shareholders of the Corporation except meetings at which only holders of a specified class of shares other than the Common
Shares are entitled to vote, and to cast at all such meetings one vote per Common Share;
	     	     	 
	2.	 	Subject to the rights of the holders of Exchangeable Shares, to receive and the Corporation shall pay thereon, as and when declared by the Board of Directors out of monies of the Corporation
properly applicable to the payment of dividends, such amounts as may from time to time be declared by the Board of Directors; and
	 	 	 
	3.	 	Subject to the rights of the holders of Exchangeable Shares, to receive, subject to the rights of the holders of any other classes of shares, the remaining property of the Corporation on the
liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary.

SCHEDULE A

RETRACTION REQUEST

	To:	  	Accenture Canada Holdings Inc. (the "Corporation")
	 	    	Accenture Ltd ("Accenture")

        This notice is given pursuant to Article 6 of the provisions (the "Share Provisions") attaching to the Exchangeable Shares of the
Corporation represented by the enclosed certificate and all capitalized words and expressions used in this notice which are defined in the Share Provisions have the meaning attributed to such words and expressions in such Share Provisions.

        The undersigned hereby notifies the Corporation that, subject to the Retraction Call Right referred to below, the undersigned desires to have the
Corporation redeem in accordance with Article 6 of the Share Provisions:

	o	  	all share(s) represented by the certificate(s) accompanying this notice; or
	 	    	 
	o	 	                            
                                        
               share(s) only.

The undersigned hereby notifies the Corporation that the Retraction Date shall be                 
                                       
 .

	
NOTE:

	  	
Retraction Date must be a Business Day and must not be less than 5 Business Days nor more than 10 Business Days, or such other number of days as the Corporation may agree, after the date upon which this notice is
received by the Corporation. In the event that no such Business Day is correctly specified above, the Retraction Date shall be deemed to be the fifth Business Day after the date on which this notice is received by the Corporation.

        The undersigned acknowledges the Retraction Call Right of Accenture to purchase all but not less than all of the Retracted Shares from the
undersigned and that notices shall be deemed to be a revocable offer by the undersigned to sell the Retracted Shares to Accenture in accordance with the Retraction Call Right on the Retraction Date for the Retraction Price and on the other terms and
conditions set out in Section 6.3 of the Share Provisions. If Accenture determines not to exercise the Retraction Call Right, the Corporation will notify the undersigned of such act as soon as possible. This notice of retraction, and offer to sell
the Retracted Shares to Accenture, may be revoked and withdrawn by the undersigned by notice in writing given to the Corporation at any time before the close of business on the Business Date immediately preceding the Retraction Date.

        The undersigned acknowledges that if, as a result of liquidity or solvency provisions of applicable law, the Corporation is unable to redeem all
Retracted Shares, the undersigned will be deemed, subject to revoking this notice in accordance with the Share Provisions, to have exercised the Exchange Right (as defined in the Exchange Trust Agreement) so as to require Accenture to purchase the
unredeemed Retracted Shares.

        The undersigned hereby represents and warrants to the Corporation and Accenture that the undersigned has good title to, and owns, the Exchangeable
Share(s) that are the subject of this notice and are to be acquired by the Corporation or Accenture, as the case may be, free and clear of all Transfer Restrictions, liens, claims, encumbrances, security interests and adverse claims or
interests.

	o	  	Please check box if the legal or beneficial owner of the Retracted Shares is a non-resident of Canada.
	 	    	 
	o	 	Please check box if the securities and any cheque(s) or other non-cash assets resulting from the retraction of the Retracted Shares are to be held for pick-up by the shareholder at
the registered office of the Corporation, failing which the securities and any cheque(s) or other non-cash assets will be delivered to the shareholder in accordance with the Share Provisions.

	
                               
                                        
                                   

Name of Person in Whole Name Securities or Cheque(s) or Other Non-cash Assets Are To Be Registered, Issued or Delivered (please print)

	 	
                               
                                        
       

Date

	 	 	 
	
                               
                                        
                                   

Street Address or P.O. Box

	 	
                               
                                        
       

Signature of Shareholder

	 	 	 
	
                               
                                        
                                   

City, Province

	 	  

	
NOTE:

	  	
This notice must be completed and the certificate(s) representing the Exchangeable Shares which are the subject of this notice, together with such additional documents as the Corporation may
require, must be deposited with the Corporation at its head office. The securities and any cheque(s) or other non-cash assets resulting from the retraction or purchase of the Retracted Shares will be issued and registered in, and made payable to, or
transferred into, respectively, the name of the shareholder as it appears on the register of the Corporation and the securities, cheque(s) and other non-cash assets resulting from such retraction or purchase will be delivered to the shareholder in
accordance with the Share Provisions.

	  	    	  
	
NOTE:

	 	
If the notice of retraction is for less than all of the share(s) represented by the certificate(s) submitted with this notice, a certificate representing the remaining shares of the Corporation
will be issued and registered in the name of the shareholder as it appears on the register of the Corporation.

SCHEDULE B

NOTICE OF EXERCISE OF EXCHANGE PUT RIGHT

	To:	  	Accenture Ltd ("Accenture")
	 	    	Accenture Canada Holdings Inc. (the "Corporation")

        This notice is given pursuant to Article 8 of the provisions (the "Share Provisions") attaching to the Exchangeable Shares of the
Corporation represented by the enclosed certificate and all capitalized words and expressions used in this notice which are defined in the Share Provisions have the meaning attributed to such words and expressions in such Share Provisions.

        The undersigned hereby notifies Accenture that the undersigned desires to exercise the Exchange Put Right in accordance with Article 8 of the
Share Provisions with respect to:

	o	  	all share(s) represented by the certificate(s) accompanying this notice; or
	 	    	 
	o	 	                            
                                   share(s) only.

        The undersigned hereby represents and warrants to Accenture that the undersigned has good title to, and owns, the share(s) that are the subject of
this notice and are to be acquired by Accenture free and clear of all Transfer Restrictions, liens, claims, encumbrances, security interests and adverse claims or interests.

	o	  	Please check box if the legal or beneficial owner of the Exchangeable Shares is a nonresident of Canada.
	 	    	 
	o	 	Please check box if the securities and any cheque(s) or other non-cash assets resulting from the exchange of the Exchangeable Shares are to be held for pickup by the shareholder at
the registered office of the Corporation, failing which the securities and any cheque(s) or other non-cash assets will delivered to the shareholder in accordance with the Share Provisions.

	
                               
                                        
                                     

Name of Person in Whole Name Securities or Cheque(s) or Other Non-cash Assets Are To Be Registered, Issued or Delivered (please print) 

	 	
                               
                                        
       

Date

	 	    	 
	                           
                                        
                                         

Street Address or PO Box	 	                           
                                        
          

Signature of Shareholder
	 	 	 
	                           
                                        
                                         

City, Province	 	 

	
NOTE:

	 	
This notice must be completed and the certificate(s) representing the Exchangeable Shares which are the subject of this notice, together with such additional documents as the Corporation may
require, must be deposited with the Corporation at its head office. The securities and any cheque(s) or other non-cash assets resulting from the exchange of the Exchangeable Shares will be issued and registered in, and made payable to, or
transferred into, respectively, the name of the shareholder as it appears on the register of the Corporation and the securities, cheque(s) and other non-cash assets resulting from such exchange will be delivered to the shareholder in accordance with
the Share Provisions.

	  	    	  
	
NOTE:

	 	
If the notice of exercise of Exchange Put Right is for less than all of the share(s) represented by the certificate(s) submitted with this notice, a certificate representing the remaining shares
of the Corporation will be issued and registered in the name of the shareholder as it appears on the register of the Corporation.

 

 

	
Form 3

Business

Corporations

Act

	 	 	 	 
	 	 	 	 	 
	
Formule 3

Loi sur les

sociétés par

actions

	 	 	 	 
	 	 	 	 	 
	 	 	 	5. The amendment has been duly authorized as required by Sections 168

    & 170 (as applicable) of the Business Corporation Act.	La modification a été dûment autorisée conformement aux articles 168 et 170 (selon le cas) de la Loi sur les sociétés par actions.
	 	 	 	 	 
	 	 	 	6. The resolution authorizing the amendment was approved by the

    shareholders/directors (as applicable) of the corporation on 	Les actionnaires ou les administrateurs (selon le cas) de la société ont approuvé la résolution autorisant la modification le
	 	 	 	 
	 	 	 

	 2001/05/23 
 

	 	 	
 

	
(Year, Month, Day)

(année, mois, jour)

	 	 	 	 	 
	 	 	 	These articles are signed in duplicate. 	Les présents status sont signés en double exemplaire.
	 	 	 	 	 
	 	 	 	 	 1102773 ONTARIO INC. 
 

	 	 	 	 	
(Name of Corporation)

(Denomination sociale de la société)

	 	 	 	 	 
	 	 	 	 	 By: /Par:

	 /s/ [ILLEGIBLE]                           
                                 PRESIDENT 
 
	 	 	 	 	(Signature)                            
                                (Description of Office)

(Signature)                                       
                              (Fonction) 
	 	 	 	 	 
	 	 	 	 	 

 

 

 

 

 

 

	 	 

	 Ontario Corporation Number

Numéro de la societé en Ontario

1102773 

STAMP

             MAY  31       MAI,  2001

																																	
	 
  ARTICLES OF AMENDMENT

STATUTS DE MODIFICATION
	 	 	 	 
	Form 3

Business

Corporations

Act	 	1.    The name of the corporation is:	Dénomination sociale de la société:
	 	       	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	  	 	
A

	
C

	
C

	
E

	
N

	
T

	
U

	
R

	
E

	  	
C

	
A

	
N

	
A

	
D

	
A

	  	
H

	
O

	
L

	
D

	
I

	
N

	
G

	
S

	  	
I

	
N

	
C

	
.

	  
	
Formule 3

Loi sur les

sociétés par

actions

	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	  	 	 2.    The name of the corporation is changed to (if

       applicable): 	Nouvelle dénomination sociale de la société (s'il y a lieu):    
            
	  
	  	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	 	 3.    Date of incorporation/amalgamation:	Date de la constitution ou de la fusion:   
	  	 	  
	  	 	 1994/11/01  
 
	  	 	
(Year, Month, Day)

(année, mois, jour) 

	  	 	  
	  	 	 4.    The articles of the corporation are amended as        follows:	Les statuts de la société sont modifiés de la façon suivante.   
	  	 	  
	 	 	       Pages 1A and 1U are incorporated in this form
	  	 	  
	  	 	  

 

The articles of the Corporation are amended as follows:

	(1)	  	to create an unlimited number of New Zealand Exchangeable Shares;
	 	 	 
	(2)	 	to declare that the capital of the Corporation after giving effect to the foregoing consists of an unlimited number of common shares, an unlimited number of Class A preference shares, an
unlimited number of Class B preference shares, an unlimited number of Class C preference shares, an unlimited number of Exchangeable Shares, and an unlimited number of New Zealand Exchangeable Shares; and
	 	 	 
	(3)	 	to provide that the rights, privileges, restrictions and conditions attaching to the New Zealand Exchangeable Shares are as set out in Schedule 1 hereto.

SCHEDULE 1

New Zealand Exchangeable Share Conditions

ARTICLE 1

INTERPRETATION

        For the purposes of these rights, privileges, restrictions and conditions:

Section 1.1   Definitions.

"Act" means the Business Corporations Act (Ontario), as amended, consolidated or reenacted from time to time.

"Automatic Redemption Date" means the date for the automatic redemption by the Corporation of Exchangeable Shares pursuant to Article 7 of these share provisions, which date
shall be the date as is set by the Board of Directors following receipt by the Corporation of an opinion satisfactory to the Board of Directors from an internationally recognized legal counsel or professional tax advisor to the effect that such
redemption (or the exercise of the redemption call right) should be able to effected on a basis such that with respect to the holders of the Exchangeable Shares resident in New Zealand that the redemption (or the exercise of the redemption call
right) will not result in any Canadian or New Zealand tax liability arising in respect of the redemption (or the exercise of the redemption call right) or any potential future tax liability as a result of holding Class A Shares pursuant to
either:

	(a)	   	the Controlled Foreign Company or the Foreign Investment Fund provisions of the Income Tax Act 1994 (New Zealand);
or
	 	     	 
	(b)	 	the provisions of the Income Tax Act (Canada) governing dispositions of taxable Canadian property by non-residents of Canada to the extent that such provisions are not overridden by the
income tax convention between Canada and New Zealand.

"Board of Directors" means the Board of Directors of the Corporation and any committee thereof acting within its authority.

"Business Day" means any day other than a Saturday, a Sunday or a day when banks are not generally open for business in Toronto, Ontario, Hamilton, Bermuda, Auckland, New
Zealand and New York, New York.

"Common Shares" means the common shares in the capital of the Corporation.

"Class A Shares" means the Class A shares, par value $0.00001 per share in the capital of ParentCo and including any other securities issued by ParentCo in substitution therefor
or provided in section 2.6 of the Support Agreement.

"Corporation" means Accenture Canada Holdings Inc., a corporation incorporated and existing under the Act.

"Current Market Price" means, on any given day in respect of a Class A Share:

	(c)	   	if the NZ Exchangeable Share Consideration is to be satisfied by the payment of money, the average price per share on such day, net of brokerage and similar transaction costs, at which ParentCo
sells Class A Shares for the purpose of satisfying the NZ Exchangeable Share Consideration in cash; and
	 	    	 
	(d)	 	if the NZ Exchangeable Share Consideration is to be satisfied by the delivery of Class A Shares, the average of the high and low sales
prices of the Class A Shares reported on the principal stock exchange or automated quotation system on which the Class A Shares are listed or quoted, as the case may be and as determined by the Board of Directors, on the Business Day following the
date of receipt of notice by the Corporation of the notice required to be received in order to calculate the NZ Exchangeable Share Consideration hereunder, net of customary brokerage and similar transaction costs.

"Effective Date" means the date of the completion of the initial public offering of Class A Shares.

"Exchange Put Right" has the meaning provided in Article 8.

"Exchange Trust Agreement" means the Exchange Trust Agreement between the Corporation, ParentCo and the Trustee made as of the Effective Date.

"Liquidation Amount" has the meaning provided in Section 5.1 hereof.

"Liquidation Call Right" has the meaning provided in the Support Agreement.

"Liquidation Date" has the meaning provided in Section 5.1 hereof.

"NZ Exchangeable Share Consideration" means, with respect to each NZ Exchangeable Share, for any acquisition of, or redemption of, or distribution of assets of the Corporation
in respect of, or purchase pursuant to the Exchange Put Right of, NZ Exchangeable Shares pursuant to these share provisions, the Support Agreement or the Exchange Trust Agreement, that part of the relevant consideration which is:

	(a)	   	the Current Market Price of a Class A Share, such consideration shall be fully paid and satisfied, at the option of ParentCo on the date of any payment of such consideration, by
either the payment of money by a cheque or cheques payable at par at any branch of bankers of the payor, or by the delivery of one Class A Share, as evidenced by certificates representing the aggregate number of such Class A Shares;
	 	    	 
	(b)	 	the amount of all declared and unpaid and undeclared but payable cash dividends deliverable in connection with such action, a cheque or cheques payable at par at any branch of
bankers of the payor; and
	 	 	 
	(c)	 	all declared and unpaid non-cash dividends deliverable in connection with such action, such consideration shall be fully satisfied by the delivery of such non-cash items;

	provided that (i) any such share shall be duly issued as fully paid and non-assessable and any such property shall be delivered free and clear of any lien, claim, encumbrance,
security interest or adverse claim or interest created by or through the Corporation or ParentCo; and (ii) such consideration shall be paid less any tax required to be deducted and withheld therefrom, unless the holder provides to the Corporation a
certificate or such other assurance as is provided for under applicable legislation as is required to ensure that the Corporation is not liable for such tax, and without interest.

"NZ Exchangeable Share Price" means, for each NZ Exchangeable Share, at any given date, an amount equal to the aggregate of:

	(a)	   	the Current Market Price of a Class A Share; plus
	 	 	 
	(b)		an additional amount equal to the full amount of all cash dividends declared and unpaid on such NZ Exchangeable Share; plus
	 	    	 
	(c)	 	an additional amount equal to all dividends declared on a Class A Share which have not been declared on each NZ Exchangeable Share in accordance herewith; plus
	 	 	 
	(d)	 	an additional amount representing the value of non-cash dividends declared and unpaid on such NZ Exchangeable Share.

"NZ Exchangeable Shares" means the New Zealand Exchangeable Shares of the Corporation having the rights, privileges, restrictions and conditions set forth herein. 

"ParentCo" means Accenture Ltd, a corporation organized and existing under the laws of Bermuda and includes any successor corporation.

"ParentCo Call Notice" has the meaning provided in Section 6.3 hereof.

"ParentCo Dividend Declaration Date" means the date on which the board of directors of ParentCo declares any dividend on the Class A Shares.

"ParentCo Dividend Payment Date" means the date on which any dividend declared by the board of directors of ParentCo on the Class A Shares is to be paid.

"Purchase Price" has the meaning provided in Section 6.3 hereof.

"Redemption Call Purchase Price" has the meaning provided in the Support Agreement.

"Redemption Call Right" has the meaning provided in the Support Agreement.

"Redemption Price" has the meaning provided in Section 7.1 hereof.

"Reorganization" means the reorganization of the capital structure of the Corporation pursuant to which the Corporation issued certain NZ Exchangeable Shares.

"Retracted Shares" has the meaning provided in Subsection 6.1 (i) hereof.

"Retraction Call Right" has the meaning provided in Subsection 6.1 (iii) hereof.

"Retraction Date" has the meaning provided in Subsection 6.1 (ii) hereof.

"Retraction Price" has the meaning provided in Section 6.1 hereof.

"Retraction Request" has the meaning provided in Section 6.1 hereof.

"Subsidiary", in relation to any person, means any body corporate, partnership, joint venture, association or other entity of which more than 50% of the total voting
power of shares or units of ownership or beneficial interest entitled in all circumstances to vote in the election of directors (or members of a comparable governing body) is owned or controlled, directly or indirectly, by such person.

"Support Agreement" means the Support Agreement between ParentCo and the Corporation made as of the Effective Date.

"Transfer Restrictions" means any restrictions to which either the NZ Exchangeable Shares or Class A Shares may be subject pursuant to any contract or agreement between the
Corporation or any affiliate thereof and the holder of NZ Exchangeable Shares or Class A Shares.

"Trustee" means any trustee or any successor trustee appointed under the Exchange Trust Agreement.

ARTICLE 2

RANKING OF EXCHANGEABLE SHARES

Section 2.1   The Exchangeable Shares shall rank equally with the NZ Exchangeable Shares and shall be entitled to a preference over the Common Shares and any other shares
ranking junior to the NZ Exchangeable Shares, with respect to (i) priority in payment of dividends, and (ii) the distribution of assets in the event of the liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary,
or any other distribution of the assets of the Corporation among its shareholders for the purpose of winding-up its affairs.

ARTICLE 3

DIVIDENDS

Section 3.1   The Board of Directors shall, subject to applicable law, on each ParentCo Dividend Declaration Date, declare a dividend on each NZ Exchangeable Share, and a holder
of NZ Exchangeable Shares shall, subject to applicable law, be entitled to receive on each ParentCo Dividend Payment Date, in each case, (a) in the case of a cash dividend declared on the Class A Shares, in an amount in cash for each NZ Exchangeable
Share equal to the cash dividend declared on each Class A Share or (b) in the case of a share dividend declared on the Class A Share to be paid in Class A Shares, in such number of NZ Exchangeable Shares for each NZ Exchangeable Share as is equal to
the number of Class A Shares to be paid on each Class A Share or (c) in the case of a dividend declared on the Class A Shares in property (other than cash
or Class A Shares) in such type and amount of property for each NZ Exchangeable Share as is the same as the type and amount of property declared as a dividend on each Class A Share. Such dividends shall be paid out of money, assets or property of
the Corporation properly applicable to the payment of dividends, or out of authorized but unissued shares of the Corporation.

Section 3.2   Cheques of the Corporation payable at par at any branch of the bankers of the Corporation shall be issued in respect of any cash dividends contemplated by
Subsection 3.1 (a) hereof and the sending of such a cheque to each holder of an NZ Exchangeable Share (less any tax required to be deducted and withheld from such dividends paid or credited by the Corporation) at the address of such holder according
to the share register of the Corporation shall satisfy the cash dividends represented thereby unless the cheque is not paid on presentation. Certificates registered in the name of the registered holder of NZ Exchangeable Shares shall be issued or
transferred in respect of any share dividends contemplated by Subsection 3.1 (b) hereof and the sending of such a certificate to each holder of an NZ Exchangeable Share at the address for such holder according to the share register of the
Corporation shall satisfy the share dividend represented thereby. Such other type and amount of property in respect of any dividends contemplated by Subsection 3.1(c) hereof shall be issued, distributed or transferred by the Corporation in such manner as it shall determine and the issuance, distribution or transfer thereof by the Corporation to each holder of an NZ Exchangeable Share at the address for such holder according
to the share register of the Corporation shall satisfy the dividend represented thereby. In all cases any such dividends shall be subject to any reduction or adjustment for tax required to be deducted and withheld from such dividends paid or
credited by the Corporation. No holder of an NZ Exchangeable Share shall be entitled to recover by action or other legal process against the Corporation any dividend which is represented by a cheque that has not been duly presented to the
Corporation's bankers for payment or which otherwise remains unclaimed for a period of six years from the date on which such dividend was payable.

Section 3.3   The record date for the determination of the holders of NZ Exchangeable Shares entitled to receive payment of, and the payment date for, any dividend declared on
the NZ Exchangeable Shares under Section 3.1 hereof shall be the same dates as the record date and payment date, respectively, for the corresponding dividend declared on the Class A Shares.

Section 3.4   If on any payment date for any dividends declared on the NZ Exchangeable Shares under Section 3.1 hereof the dividends are not paid in full on all of the NZ
Exchangeable Shares then outstanding, any such dividends which remain unpaid shall be paid on a subsequent date or dates determined by the Board of Directors on which the Corporation shall have sufficient moneys, assets or property properly
applicable to the payment of such dividends.

Section 3.5   Except as provided in this Article 3, the holders of NZ Exchangeable Shares shall not be entitled to receive dividends in respect thereof.

ARTICLE 4

CERTAIN RESTRICTIONS

Section 4.1   So long as any of the NZ Exchangeable Shares are outstanding, the Corporation shall not without, but may at any time with, the approval of the holders of the NZ
Exchangeable

Shares given as specified in Section 10.2 of these share provisions at any time amend the articles or by-laws of the Corporation in a manner which would prejudicially affect the holders of NZ
Exchangeable Shares in any material respect.

ARTICLE 5

DISTRIBUTION ON LIQUIDATION

Section 5.1   In the event of the liquidation, dissolution or winding-up of the Corporation or any other distribution of the assets of the Corporation among its shareholders for
the purpose of winding-up its affairs, a holder of NZ Exchangeable Shares shall be entitled, subject to applicable law, to receive from the assets of the Corporation in respect of each NZ Exchangeable Share held by such holder on the effective date
of such liquidation, dissolution or winding-up (the "Liquidation Date"), before any distribution of any part of the assets of the Corporation to the holders of the Common Shares or any other shares ranking junior to the NZ Exchangeable
Shares, an amount equal to the NZ Exchangeable Share Price applicable on the last Business Day prior to the Liquidation Date (the "Liquidation Amount") which, as set forth in section 5.2, shall be fully paid and satisfied by the delivery
by or on behalf of the Corporation of the NZ Exchangeable Share Consideration representing such holder's total Liquidation Amount. In connection with payment of the NZ Exchangeable Share Consideration representing the total Liquidation Amount, the
Corporation shall be entitled to liquidate some of the Class A Shares which would otherwise be deliverable to the particular holder of NZ Exchangeable Shares in order to fund any statutory withholding tax obligation.

Section 5.2   As soon as practicable but in no event later than 5 Business Days after the Liquidation Date, and subject to (i) the exercise by ParentCo of the Liquidation Call
Right, (ii) the Transfer Restrictions, (iii) either the Corporation or ParentCo being subject to any trading 'blackout' or 'windows' period, and (iv) ParentCo determining, in its sole discretion, that the issuance of Class A Shares in a public
offering in the United States of America would be inadvisable at such time or during such period as a result of application of any United States federal or state law or regulation, and receipt by the Corporation of appropriate certificates or other
assurances in respect of applicable taxes related to the payment of the NZ Exchangeable Share Consideration, the Corporation shall cause to be delivered to the holders of the NZ Exchangeable Shares the NZ Exchangeable Share Consideration
representing the Liquidation Amount for each such NZ Exchangeable Share upon presentation and surrender of the certificates representing such NZ Exchangeable Shares, together with such other documents and instruments as may be required to effect a
transfer of NZ Exchangeable Shares under the Act and the by-laws of the Corporation and such additional documents and instruments as the Corporation may reasonably require, at the registered office of the Corporation or such other office in Ontario,
Canada as may be specified by the Corporation by notice to the holders of the NZ Exchangeable Shares. The NZ Exchangeable Share Consideration representing the total Liquidation Amount for such NZ Exchangeable Shares shall be delivered to each
holder, at the address of the holder recorded in the securities register of the Corporation for the NZ Exchangeable Shares or by holding for pick up by the holder at the registered office of the Corporation or at such other office in Ontario, Canada
as may be specified by the Corporation by notice to the holders of NZ Exchangeable Shares. On and after the Liquidation Date, the holders of the NZ Exchangeable Shares shall cease to be holders of such NZ Exchangeable Shares and
shall not be entitled to exercise any of the rights of holders in respect thereof, other than the right to receive their respective NZ Exchangeable Share Consideration, unless payment of the NZ Exchangeable Share Consideration representing the total
Liquidation Amount for such NZ Exchangeable Shares shall not be made upon presentation and surrender of share certificates in accordance with the foregoing provisions, in which case the rights of the holders shall remain unaffected until the NZ
Exchangeable Share Consideration representing the total Liquidation Amount has been paid in the manner hereinbefore provided. The Corporation shall have the right at any time on or after the Liquidation Date to deposit or cause to be deposited the
NZ Exchangeable Share Consideration in respect of the NZ Exchangeable Shares represented by certificates that have not at the Liquidation Date been surrendered by the holders thereof in a custodial account or for safekeeping, in the case of non-cash
items, with any chartered bank or trust company in Canada. Upon such deposit being made, the rights of the holders of NZ Exchangeable Shares after such deposit shall be limited to receiving their proportionate share of the NZ Exchangeable Share
Consideration representing the total Liquidation Amount for such NZ Exchangeable Shares so deposited, against presentation and surrender of the said certificates held by them, respectively, in accordance with the foregoing provisions. If such
payment or deposit of such NZ Exchangeable Share Consideration is made in part in Class A Shares, the holders of the NZ Exchangeable Shares shall thereafter be considered and deemed for all purposes to be the holders of the Class A Shares delivered
to them.

Section 5.3   After the Corporation has satisfied its obligations to pay the holders of the NZ Exchangeable Shares the NZ Exchangeable Share Consideration representing the
Liquidation Amount per NZ Exchangeable Share, such holders shall not be entitled to share in any further distribution of the assets of the Corporation.

Section 5.4   If ParentCo exercises the Liquidation Call Right, each holder of NZ Exchangeable Shares shall be obligated to sell all the NZ Exchangeable Shares held by such
holder to ParentCo on the Liquidation Date on payment by ParentCo to the holder of the NZ Exchangeable Share Consideration representing the Liquidation Call Purchase Price for each such share.

ARTICLE 6

RETRACTION OF EXCHANGEABLE SHARES BY HOLDER

Section 6.1   A holder of NZ Exchangeable Shares shall be entitled at any time, subject to (i) the exercise by ParentCo of the Retraction Call Right which, if exercised by
ParentCo, shall be binding on the holders of NZ Exchangeable Shares, (ii) the Transfer Restrictions, (iii) either the Corporation or ParentCo being subject to any trading 'blackout' or 'windows' period, and (iv) ParentCo determining, in its sole
discretion, that the issuance of Class A Shares in a public offering in the United States of America would be inadvisable at such time or during such period as a result of application of any United States federal or state law or regulation, and
otherwise upon compliance with the provisions of this Article 6, to require the Corporation to redeem any or all of the NZ Exchangeable Shares registered in the name of such holder for the NZ Exchangeable Share Price applicable on the Business Day
following the date of the Retraction Request (the "Retraction Price") which as set forth in section 6.4 shall be fully paid and satisfied by the delivery by or on behalf of the Corporation of the NZ Exchangeable Share Consideration
representing such holder's total Retraction Price. In connection with payment of the NZ
Exchangeable Share Consideration representing the total Retraction Price, the Corporation shall be entitled to liquidate some of the Class A Shares that would otherwise be deliverable to the particular holder of NZ Exchangeable Shares in order to
fund any statutory withholding tax obligation. To effect such redemption, the holder shall present and surrender at the registered office of the Corporation or at such other office in Ontario, Canada as may be specified by the Corporation by notice
to the holders of NZ Exchangeable Shares the certificate or certificates representing the NZ Exchangeable Shares which the holder desires to have the Corporation redeem, together with such other documents and instruments as may be required to effect
a transfer of NZ Exchangeable Shares under the Act and the by-laws of the Corporation and such additional documents and instruments as the Corporation may reasonably require, and together with a duly executed statement (the "Retraction
Request") in the form of Schedule A hereto or in such other form as may be acceptable to the Corporation:

	(i) 	  	specifying that the holder desires to have all or any number specified therein of the NZ Exchangeable Shares represented by such
certificate or certificates (the "Retracted Shares") redeemed by the Corporation;
	 	 	 
	(ii)	 	stating the Business Day on which the holder desires to have the Corporation redeem the Retracted Shares (the "Retraction Date"), provided that such date shall be not less than five
Business Days nor more than ten Business Days, or such other number of Business Days as the Corporation may determine, after the date on which the Retraction Request is received by the Corporation and further provided that, in the event that no such
Business Day is specified by the holder in the Retraction Request, the Retraction Date shall be deemed to be the fifth Business Day after the date on which the Retraction Request is received by the Corporation;
	 	    	 
	(iii)	 	acknowledging the overriding right (the "Retraction Call Right") of ParentCo to purchase all but not less than all of the Retracted Shares directly from the holder and that the
Retraction Request shall be deemed to be a revocable offer by the holder to sell the Retracted Shares in accordance with the Retraction Call Right on the terms and conditions set out in
Section 6.3 below.

Section 6.2   Subject to the exercise by ParentCo of the Retraction Call Right, upon receipt by the Corporation in the manner specified in Section 6.1 hereof of a certificate or
certificates representing the number of NZ Exchangeable Shares which the holder desires to have the Corporation redeem, together with a Retraction Request as well as appropriate certificates or other assurances in respect of applicable taxes related
to the payment of the NZ Exchange Share Consideration, and provided that the Retraction Request is not revoked by the holder in the manner specified in Section 6.7 hereof, the Corporation shall redeem the Retracted Shares effective at the close of
business on the Retraction Date and shall cause to be delivered on the Retraction Date to such holder the NZ Exchangeable Share Consideration representing the total Retraction Price with respect to such shares in accordance with Section 6.4 hereof.
If only a part of the NZ Exchangeable Shares represented by any certificate are redeemed or purchased by ParentCo pursuant to the Retraction Call Right, a new certificate for the balance of such NZ Exchangeable Shares shall be issued on the
Retraction Date to the holder at the expense of the Corporation.

Section 6.3   Upon receipt by the Corporation of a Retraction Request, the Corporation shall immediately notify ParentCo thereof. In order to exercise the Retraction Call Right,
ParentCo must notify the Corporation in writing of its determination to do so (the "ParentCo Call Notice") within two Business Days of such notification. If ParentCo does not so notify the Corporation within two Business Days, the
Corporation will notify the holder as soon as possible thereafter that ParentCo will not exercise the Retraction Call Right. If ParentCo delivers the ParentCo Call Notice within such two Business Days, and provided that the Retraction Request is not
revoked by the holder in the manner specified in Section 6.7, the Retraction Request shall thereupon be considered only to be an offer by the holder to sell the Retracted Shares to ParentCo in accordance with the Retraction Call Right. In such
event, the Corporation shall not redeem the Retracted Shares and ParentCo shall purchase from such holder and such holder shall sell to ParentCo on the Retraction Date the Retracted Shares for a purchase price (the "Purchase Price") per
share equal to the Retraction Price per share which as set forth in section 6.4, shall be fully paid and satisfied by the delivery by or on behalf of ParentCo of the NZ Exchangeable Share Consideration representing such holder's total Purchase
Price. For the purposes of completing a purchase pursuant to the Retraction Call Right, ParentCo shall deposit with the Corporation, on or before the Retraction Date, the NZ Exchangeable Share Consideration for each NZ Exchangeable Share to be
purchased. Provided that such NZ Exchangeable Share Consideration has been so deposited with the Corporation, the closing of the purchase and sale of the Retracted Shares pursuant to the Retraction Call Right shall be deemed to have occurred as at
the close of business on the Retraction Date and, for greater certainty, no redemption by the Corporation of such Retracted Shares shall take place on the Retraction Date. In the event that ParentCo does not deliver a ParentCo Call Notice within two
Business Days or otherwise comply with these NZ Exchangeable Share provisions in respect thereto, and provided that the Retraction Request is not revoked by the holder in the manner specified in Section 6.7 hereof, the Corporation shall redeem the
Retracted Shares on the Retraction Date and in the manner otherwise contemplated in this Article 6.

Section 6.4   Subject to receipt by the Corporation or ParentCo of appropriate certificates or other assurances in respect of applicable taxes related to the payment of the NZ
Exchangeable Share Consideration, the Corporation or ParentCo, as the case may be, shall deliver on the Retraction Date the NZ Exchangeable Share Consideration representing the total Retraction Price or the total Purchase Price, as the case may be,
to the relevant holder, at the address of the holder recorded in the securities register of the Corporation for the NZ Exchangeable Shares or at the address specified in the holder's Retraction Request and such delivery of such NZ Exchangeable Share
Consideration shall be deemed to be payment of and shall satisfy and discharge all liability under this Article 6, except as to any cheque included therein which is not paid on due presentation.

Section 6.5   On and after the close of business on the Retraction Date, the holder of the Retracted Shares shall not be entitled to exercise any of the rights of a holder in
respect thereof, other than the right to receive the NZ Exchangeable Share Consideration representing the total Retraction Price or total Purchase Price, as the case may be, unless upon presentation and surrender of certificates in accordance with
the foregoing provisions, payment of the NZ Exchangeable Share Consideration representing the total Retraction Price or the total Purchase Price, as the case may be, shall not be made, in which case the rights of such holder shall remain unaffected
until the NZ Exchangeable Share Consideration representing the total Retraction
Price or the total Purchase Price, as the case may be, has been paid in the manner hereinbefore provided. On and after the close of business on the Retraction Date, provided that presentation and surrender of certificates and payment of the total
Retraction Price or the total Purchase Price, as the case may be, has been made in accordance with the foregoing provisions, the holder of the Retracted Shares so redeemed by the Corporation or purchased by ParentCo shall thereafter be considered
and deemed for all purposes to be a holder of the Class A Shares delivered to it.

Section 6.6   Notwithstanding any other provision of this Article 6, the Corporation shall not be obligated to redeem Retracted Shares specified by a holder in a Retraction
Request to the extent that such redemption of Retracted Shares would be contrary to liquidity or solvency requirements or other provisions of applicable law. If the Corporation believes that on any Retraction Date it would not be permitted by any of
such provisions to redeem the Retracted Shares tendered for redemption on such date, and provided that ParentCo shall not have exercised the Retraction Call Right with respect to the Retracted Shares, the Corporation shall only be obligated to
redeem Retracted Shares specified by a holder in a Retraction Request to the extent of the maximum number that may be so redeemed (rounded down to a whole number of shares) as would not be contrary to such provisions and shall notify the holder at
least two Business Days prior to the Retraction Date as to the number of Retracted Shares which will not be redeemed by the Corporation. In any case in which the redemption by the Corporation of Retracted Shares would be contrary to liquidity or
solvency requirements or other provisions of applicable law, the Corporation shall redeem Retracted Shares in accordance with Section 6.2 of these share provisions on a pro rata basis in respect of NZ Exchangeable Shares to be redeemed on the
applicable Retraction Date, and shall issue on the Retraction Date to each holder of Retracted Shares a new certificate, at the expense of the Corporation, representing the Retracted Shares not redeemed by the Corporation pursuant to Section 6.2
hereof. Provided that the Retraction Request is not revoked by the holder in the manner specified in Section 6.7 hereof, the holder of any such Retracted Shares not redeemed by the Corporation pursuant to Section 6.2 of these share provisions as a
result of liquidity or solvency requirements or applicable law shall be deemed by giving the Retraction Request to require ParentCo to purchase such Retracted Shares from such holder on the Retraction Date or as soon as practicable thereafter on
payment by ParentCo to such holder of the NZ Exchangeable Share Consideration representing the Purchase Price for each such Retracted Share, all as more specifically provided in the Exchange Trust Agreement, and ParentCo shall make such
purchase.

Section 6.7   A holder of Retracted Shares may, by notice in writing given by the holder to the Corporation before the
close of business on the Business Day immediately preceding the Retraction Date, withdraw its Retraction Request in which event such Retraction Request shall be null and void and, for greater certainty, the revocable offer constituted by the
Retraction Request to sell the Retracted Shares to ParentCo shall be deemed to have been revoked.

ARTICLE 7

REDEMPTION OF EXCHANGEABLE SHARES BY THE CORPORATION

Section 7.1   Subject to applicable law, and if ParentCo does not exercise the Redemption Call Right which, if exercised by ParentCo, shall be binding on the holders of NZ
Exchangeable Shares, the Corporation shall on the Automatic Redemption Date redeem the whole of the then

outstanding NZ Exchangeable Shares for an amount equal to the NZ Exchangeable Share Price applicable on the last Business Day prior to the Automatic Redemption Date (the "Redemption
Price"), which as set forth in section 7.3 below, shall be fully paid and satisfied by delivery by or on behalf of the Corporation of the NZ Exchangeable Share Consideration representing the total Redemption Price. In connection with payment of
the NZ Exchangeable Share Consideration representing the Redemption Price, the Corporation shall be entitled to liquidate some of the Class A Shares which would otherwise be deliverable to the particular holder of NZ Exchangeable Shares in order to
fund any statutory withholding tax obligation.

Section 7.2   In any case of a redemption of NZ Exchangeable Shares under this Article 7, the Corporation shall, at least 30 days before the Automatic Redemption Date, send or
cause to be sent to each holder of NZ Exchangeable Shares a notice in writing of the redemption by the Corporation or the purchase by ParentCo under the Redemption Call Right, as the case may be, of the NZ Exchangeable Shares held by such holder.
Such notice shall set out the Automatic Redemption Date and, if applicable, particulars of the Redemption Call Right. Any failure by the Corporation to send any such notice in writing shall not affect the right of the Corporation to redeem the NZ
Exchangeable Shares on the Automatic Redemption Date.

Section 7.3   On the Automatic Redemption Date and subject to the exercise by ParentCo of the Redemption Call Right, and receipt by the Corporation of appropriate certificates
or other assurances in respect of applicable taxes related to the payment of the NZ Exchangeable Share Consideration, the Corporation shall cause to be delivered to the holders of the NZ Exchangeable Shares to be redeemed the NZ Exchangeable Share
Consideration representing the Redemption Price for each such NZ Exchangeable Share upon presentation and surrender at the registered office of the Corporation or at such other office in Ontario, Canada as may be specified by the Corporation in such
notice of the certificates representing such NZ Exchangeable Shares, together with such other documents and instruments as may be required to effect a transfer of NZ Exchangeable Shares under the Act and the by-laws of the Corporation and such
additional documents and instruments as the Corporation may reasonably require. The NZ Exchangeable Share Consideration representing the total Redemption Price for such NZ Exchangeable Shares shall be delivered to each holder, at the address of the
holder recorded in the securities register for the NZ Exchangeable Shares. On the Automatic Redemption Date, the holders of the NZ Exchangeable Shares called for redemption shall cease to be holders of such NZ Exchangeable Shares and shall not be
entitled to exercise any of the rights of holders in respect thereof, other than the right to receive their respective NZ Exchangeable Share Consideration unless payment of the NZ Exchangeable Share Consideration representing the total Redemption
Price for such NZ Exchangeable Shares shall not be made upon presentation and surrender of certificates in accordance with the foregoing provisions, in which case the rights of the holders shall remain unaffected until such NZ Exchangeable Share
Consideration has been paid in the manner hereinbefore provided. The Corporation shall have the right at any time after the automatic Redemption Date to deposit or cause to be deposited the NZ Exchangeable Share Consideration with respect to the NZ
Exchangeable Shares so called for redemption, or of such of the said NZ Exchangeable Shares represented by certificates that have not at the date of such deposit been surrendered by the holders thereof in connection with such redemption, in a
custodial account or for safe keeping, in the case of non-cash items, with any chartered bank or trust company in Canada named in such notice. Upon the later of such deposit being made and the Automatic Redemption Date, the NZ Exchangeable Shares in
respect whereof such deposit shall have been
made shall be redeemed and the rights of the holders thereof after such deposit or Automatic Redemption Date, as the case may be, shall be limited to receiving their respective NZ Exchangeable Share Consideration so deposited, against presentation
and surrender of the said certificates held by them, respectively, in accordance with the foregoing provisions. Upon such payment or deposit of such NZ Exchangeable Share Consideration, the holders of the NZ Exchangeable Shares shall thereafter be
considered and deemed for all purposes to be holders of the Class A Shares delivered to them.

Section 7.4   If ParentCo exercises the Redemption Call Right, each holder of NZ Exchangeable Shares shall be obligated to sell all the NZ Exchangeable Shares held by the holder
to ParentCo on the Automatic Redemption Date on payment by ParentCo to the holder of the NZ Exchangeable Share Consideration representing the Redemption Call Purchase Price for each such share.

ARTICLE 8

EXCHANGE PUT RIGHT

Section 8.1   Upon and subject to the terms and conditions contained in these New Zealand Exchangeable Share Provisions and the Exchange Trust Agreement:

	(a) 	  	a holder of NZ Exchangeable Shares shall have the right (the "Exchange Put Right") at any time to require ParentCo to purchase all or any part of the NZ Exchangeable
Shares of the holder, subject to (i) the Transfer Restrictions, (ii) either the Corporation or ParentCo being subject to any trading 'blackout' or 'windows' period, and (iii) ParentCo determining, in its sole discretion, that the issuance of Class A
Shares in a public offering in the United States of America would be inadvisable at such time or during such period as a result of application of any United States federal or state regulation; and
	 	 	 
	(b)	 	upon the exercise by the holder of the Exchange Put Right, the holder shall be required to sell to ParentCo, and ParentCo shall be required to purchase from the holder, that number
of NZ Exchangeable Shares in respect of which the Exchange Put Right is exercised, in consideration of the payment by ParentCo of the NZ Exchangeable Share Price applicable thereto (which shall be the NZ Exchangeable Share Price applicable on the
Business Day following the receipt of the notice required under section 8.2 hereof), to be satisfied by delivery by or on behalf of ParentCo of the NZ Exchangeable Share Consideration.

Section 8.2   The Exchange Put Right provided in Section 8.1 hereof and in Article VII of the Exchange Trust Agreement may be exercised at any time by notice in writing in the
form of Schedule B hereto or in such other form as may be acceptable to ParentCo (the "Notice of Exercise of Exchange Put Right") given by the holder to and received by the Corporation (the date of such receipt, the "Exchange Put
Date") accompanied by presentation and surrender of the certificates representing such NZ Exchangeable Shares, together with such documents and instruments as may be required to effect a transfer of NZ Exchangeable Shares under the Act and the
by-laws of the Corporation and such additional documents and instruments as the Corporation may reasonably require, at the registered office of the Corporation or at such other

office in Ontario, Canada as may be specified by the Corporation. The Notice of Exercise of Exchange Put Right shall be irrevocable unless the exchange is not completed in accordance herewith
and shall constitute the holder's authorization to the Corporation (and such other persons aforesaid) to effect the exchange on behalf of the holder.

Section 8.3   The surrender by the holder of NZ Exchangeable Shares under section 8.2 shall constitute the representation, warranty and covenant of the holder that the NZ
Exchangeable Shares so purchased are sold free and clear of any lien, encumbrance, security interest or adverse claim or interest.

Section 8.4   If a part only of the NZ Exchangeable Shares represented by any certificate are to be sold and purchased pursuant to the exercise of the Exchange Put Right, a new
certificate for the balance of such NZ Exchangeable Shares shall be issued to the holder at the expense of the Corporation within ten Business Days of the exercise of the Exchange Put Right.

Section 8.5   Upon receipt by the Corporation of the notice, certificates and other documents or instruments required by section 8.2, and receipt by the Corporation of
appropriate certificates or other assurance in respect of applicable taxes related to the payment of the NZ Exchangeable Share Consideration, the Corporation shall deliver or cause to be delivered as soon as practicable but in no event later than
the fifth Business Day after the Exchange Put Date, on behalf of ParentCo and subject to receipt by the Corporation from ParentCo of the applicable NZ Exchangeable Share Consideration, to the relevant holder at the address of the holder specified in
the notice or by holding for pick-up by the holder at the registered office of the Corporation, or at such other office in Ontario, Canada as may be specified by the Corporation, the NZ Exchangeable Share Consideration. Delivery by ParentCo to the
Corporation and by the Corporation to the holder of such NZ Exchangeable Share Consideration shall be deemed to be payment of and shall satisfy and discharge all liability for the total applicable NZ Exchangeable Share Price, except as to any cheque
included therein which is not paid on due presentation.

Section 8.6   On and after the close of business on the day on which the NZ Exchangeable Share Consideration is delivered to the holder of NZ Exchangeable Shares in accordance
with Section 8.5, the holder of the NZ Exchangeable Shares in respect of which the Exchange Put Right is exercised shall not be entitled to exercise any of the rights of a holder in respect thereof, other than the right to receive the NZ
Exchangeable Share Consideration, unless upon presentation and surrender of certificates in accordance with the foregoing provisions, payment of such total price shall not be made, in which case the rights of such holder shall remain unaffected
until such payment has been made. On and after the close of business on the day on which the NZ Exchangeable Share Consideration is delivered to the holder of NZ Exchangeable Shares in accordance with Section 8.5, provided that presentation and
surrender of certificates and payment of such total price has been made in accordance with the foregoing provisions, the holder of the NZ Exchangeable Shares so purchased by ParentCo shall thereafter be considered and deemed for all purposes to be a
holder of the Class A Shares delivered to it.

	
	ARTICLE 9

VOTING RIGHTS
	 
	Section 9.1        Except as required by applicable law and by Articles 4
and 10 hereof, the holders of the NZ Exchangeable Shares shall not be entitled as such to receive notice of or to attend any meeting of the shareholders of the Corporation or to vote at any such meeting.
	 	 	 
	 	 	 
	 ARTICLE 10

AMENDMENT AND APPROVAL 

	 	 	 
	Section 10.1        The rights, privileges, restrictions and conditions attaching to the NZ Exchangeable Shares may be added to,
changed or removed but, except as hereinafter provided, only with the approval of the holders of the NZ Exchangeable Shares given as hereinafter specified.
	 	 	 
	Section 10.2        Any approval given by the holders of the NZ Exchangeable Shares to add to, change or remove any right, privilege,
restriction or condition attaching to the NZ Exchangeable Shares or any other matter requiring the approval or consent of the holders of the NZ Exchangeable Shares shall be deemed to have been sufficiently given if it shall have been given in
accordance with applicable law subject to a minimum requirement that such approval be evidenced by resolution passed by not less than 90% of the votes cast on such resolution by persons represented in person or by proxy at a meeting of holders of NZ
Exchangeable Shares duly called and held at which the holders of at least 85% of the outstanding NZ Exchangeable Shares at that time are present or represented by proxy (excluding NZ Exchangeable Shares beneficially owned by ParentCo or its
Subsidiaries). If at any such meeting the holders of at least 85% of the outstanding NZ Exchangeable Shares at that time are not present or represented by proxy within one-half hour after the time appointed for such meeting then the meeting shall be
adjourned to such date not less than 24 hours thereafter and to such time and place as may be designated by the Chairman of such meeting. At such adjourned meeting the holders of NZ Exchangeable Shares present or represented by proxy thereat may
transact the business for which the meeting was originally called and a resolution passed thereat by the affirmative vote of not less than 90% of the votes cast on such resolution by persons represented in person or by proxy at such meeting shall
constitute the approval or consent of the holders of the NZ Exchangeable Shares. For the purposes of this section, any spoiled votes, illegible votes, defective votes and abstentions shall be deemed to be votes not cast.
	 	 	 
	 	 	 
	ARTICLE 11

RECIPROCAL CHANGES, ETC. IN RESPECT OF

CLASS A SHARES
	 	 	 
	Section 11.1        Notwithstanding the provisions of Article 10, the NZ Exchangeable Shares shall be automatically adjusted to fully
reflect the effect of any stock split, subdivision, combination, reverse split, stock dividend (including any dividend or distribution of securities convertible into Class A Shares), reclassification, reorganization, recapitalization or other like
change with respect to Class A Stock occurring after the Effective Date.

	ARTICLE 12

ACTIONS BY THE CORPORATION UNDER

SUPPORT AGREEMENT
	 	 	 
	Section 12.1         The Corporation will take all such actions and do all such things as shall be necessary or advisable to perform
and comply with and to ensure performance and compliance by ParentCo with all provisions of the Support Agreement and the Exchange Trust Agreement in accordance with the terms thereof including, without limitation, taking all such actions and doing
all such things as shall be necessary or advisable to enforce to the fullest extent possible for the direct benefit of the Corporation or the holders of the NZ Exchangeable Shares all rights and benefits in favour of the Corporation or the holders
of the NZ Exchangeable Shares under or pursuant thereto.
	 	  	 
	Section 12.2         The Corporation shall not propose, agree to or otherwise give effect to any amendment to, or waive or forgive its
rights or obligations under, the Support Agreement or the Exchange Trust Agreement without the approval of the holders of the NZ Exchangeable Shares given in accordance with Section 10.1 of these share provisions other than such amendments, waivers
and/or forgiveness as may be necessary or advisable for the purpose of:
	 	 	 
	(a)	 	adding to the covenants of the other party or parties to such agreement for the protection of the Corporation or the holders of NZ Exchangeable Shares; or
	 	 	 
	(b)	 	making such provisions or modifications not inconsistent with such agreement or certificate as may be necessary or desirable with respect to matters or questions arising thereunder
which, in the opinion of the Board of Directors, it may be expedient to make, provided that the Board of Directors shall be of the opinion, after consultation with counsel, that such provisions and modifications will not be prejudicial to the
interests of the holders of the NZ Exchangeable Shares; or
	 	 	 
	(c)	 	making such changes in or corrections to such agreement or certificate which, on the advice of counsel to the Corporation, are required for the purpose of curing or correcting any
ambiguity or defect or inconsistent provision or clerical omission or mistake or manifest error contained therein, provided that the Board of Directors shall be of the opinion, after consultation with counsel, that such changes or corrections will
not be prejudicial to the interest of the holders of the NZ Exchangeable Shares.
	 	 	 
	 	 	 
	ARTICLE 13

LEGEND
	 	 	 
	Section 13.1        The certificates evidencing the NZ Exchangeable Shares shall contain or have affixed thereto a legend, in form and
on terms approved by the Board of Directors, with respect to the Support Agreement, the Liquidation Call Right and the Redemption Call Right, and the Exchange Trust Agreement (including the provisions with respect to the voting rights, exchange
right and automatic exchange thereunder).
	 	 	 

	ARTICLE 14

MISCELLANEOUS
	 	 	 
	Section 14.1        Any notice, request or other communication to be given to the Corporation by a holder of NZ Exchangeable Shares shall
be in writing and shall be valid and effective if given by mail (postage prepaid) or by telecopy or by delivery to the registered office of the Corporation and addressed to the attention of the President. Any such notice, request or other
communication, if given by mail, telecopy or delivery, shall only be deemed to have been given and received upon actual receipt thereof by the Corporation.
	 	 	 
	Section 14.2        Any presentation and surrender by a holder of NZ Exchangeable Shares to the Corporation of certificates representing NZ
Exchangeable Shares in connection with the liquidation, dissolution or winding-up of the Corporation or the retraction or redemption of NZ Exchangeable Shares shall be made by registered mail (postage prepaid) or by delivery to the registered office
of the Corporation or to such other office in Ontario, Canada as may be specified by the Corporation, in each case addressed to the attention of the President of the Corporation. Any such presentation and surrender of certificates shall only be
deemed to have been made and to be effective upon actual receipt thereof by the Corporation and the method of any such presentation and surrender of certificates shall be at the sole risk of the holder.
	 	 	 
	Section 14.3        Any notice, request or other communication to be given to a holder of NZ Exchangeable Shares by or on behalf of
the Corporation shall be in writing and shall be valid and effective if given by mail (postage prepaid) or by delivery to the address of the holder recorded in the securities register of the Corporation or, in the event of the address of any
such holder not being so recorded, then at the last known address of such holder. Any such notice, request or other communication, if given by mail, shall be deemed to have been given and received on the fifth Business Day following the date of
mailing and, if given by delivery, shall be deemed to have been given and received on the date of delivery. Accidental failure or omission to give any notice, request or other communication to one or more holders of NZ Exchangeable Shares shall not
invalidate or otherwise alter or affect any action or proceeding to be or intended to be taken by the Corporation.
	 	 	 
	Section 14.4        For greater certainty, the Corporation shall not be required for any purpose under these share provisions to
recognize or take account of persons who are not so recorded in such securities register.
	 	 	 
	Section 14.5        All NZ Exchangeable Shares acquired by the Corporation upon the redemption or retraction thereof shall be
cancelled.
	 	 	 

	
SCHEDULE A

	 RETRACTION REQUEST
	 	 	 
	To:	 	Accenture Canada Holdings Inc. (the "Corporation")

Accenture Ltd ("Accenture")
	 	 	 
	              This notice is given pursuant to Article 6 of the provisions (the "Share Provisions")
attaching to the NZ Exchangeable Shares of the Corporation represented by the enclosed certificate and all capitalized words and expressions used in this notice which are defined in the Share Provisions have the meaning attributed to such words and
expressions in such Share Provisions.
	 	 	 
	              The undersigned hereby notifies the Corporation that, subject to the Retraction Call Right
referred to below, the undersigned desires to have the Corporation redeem in accordance with Article 6 of the Share Provisions:
	 	 	 
	o	 	 all share(s) represented by the certificate(s) accompanying this notice; or
	 	 	 
	o	 	 ___________________________ share(s) only.
	 	 	 
	The undersigned hereby notifies the Corporation that the Retraction Date shall be ___________________________.
	 	 	 
	NOTE:	 	Retraction Date must be a Business Day and must not be less than 5 Business Days nor more than 10 Business Days, or such other number of days as the Corporation may agree, after the
date upon which this notice is received by the Corporation. In the event that no such Business Day is correctly specified above, the Retraction Date shall be deemed to be the fifth Business Day after the date on which this notice is received by the
Corporation.
	 	 	 
	             The undersigned acknowledges the Retraction Call Right of Accenture to purchase all but not less than
all of the Retracted Shares from the undersigned and that notice shall be deemed to be a revocable offer by the undersigned to sell the Retracted Shares to Accenture in accordance with the Retraction Call Right on the Retraction Date for the
Retraction Price and on the other terms and conditions set out in Section 6.3 of the Share Provisions. If Accenture determines not to exercise the Retraction Call Right, the Corporation will notify the undersigned of such act as soon as possible.
This notice of retraction, and offer to sell the Retracted Shares to Accenture, may be revoked and withdrawn by the undersigned by notice in writing given to the Corporation at any time before the close of business on the Business Date immediately
preceding the Retraction Date.
	 	 	 
	             The undersigned acknowledges that if, as a result of liquidity or solvency provisions of applicable
law, the Corporation is unable to redeem all Retracted Shares, the undersigned will be deemed, subject to revoking this notice in accordance with the Share Provisions, to have exercised the Exchange Right (as defined in the Exchange Trust Agreement)
so as to require Accenture to purchase the unredeemed Retracted Shares.

	               The undersigned hereby represents and warrants to the Corporation and Accenture that the
undersigned has good title to, and owns, the NZ Exchangeable Share(s) that are the subject of this notice and are to be acquired by the Corporation or Accenture, as the case may be, free and clear of all Transfer Restrictions, liens, claims,
encumbrances, security interests and adverse claims or interests.
	 	 	 
	o	 	Please check box if the legal or beneficial owner of the Retracted Shares is a non-resident of Canada.
	 	 	 
	o	 	Please check box if the securities and any cheque(s) or other non-cash assets resulting from the retraction of the Retracted Shares are to be held for pick-up by the shareholder at
the registered office of the Corporation, failing which the securities and any cheque(s) or other non-cash assets will be delivered to the shareholder in accordance with the Share Provisions.
	 	 	 
	 	 	 
	 
 Name of Person in Whose Name Securities

or Cheque(s) or Other Non-cash Assets Are

To Be Registered, Issued or Delivered (please print) 		 
  Date
	 	 	 
	 	 	 
	 
 Street Address or P.O. Box		 
 Signature of Shareholder
	 	 	 
	 	 	 
	 
 City, Province, Country		

	NOTE: 	 	This notice must be completed and the certificate(s) representing the NZ Exchangeable Shares which are the subject of this notice, together with such additional
documents as the Corporation may require, must be deposited with the Corporation at its head office. The securities and any cheque(s) or other non-cash assets resulting from the retraction or purchase of the Retracted Shares will be issued and
registered in, and made payable to, or transferred into, respectively, the name of the shareholder as it appears on the register of the Corporation and the securities, cheque(s) and other non-cash assets resulting from such retraction or purchase
will be delivered to the shareholder in accordance with the Share Provisions.
	 	 	 
	NOTE:	 	If the notice of retraction is for less than all of the share(s) represented by the certificate(s) submitted with this notice, a certificate representing the remaining
shares of the Corporation will be issued and registered in the name of the shareholder as it appears on the register of the Corporation.
	 	 	 

	
SCHEDULE B 

	 
	 NOTICE OF EXERCISE OF EXCHANGE PUT RIGHT
	 	 	 
	To:	 	Accenture Ltd ("Accenture")

Accenture Canada Holdings Inc. (the "Corporation") 
	 	 	 
	              This notice is given pursuant to Article 8 of the provisions (the "Share Provisions")
attaching to the NZ Exchangeable Shares of the Corporation represented by the enclosed certificate and all capitalized words and expressions used in this notice which are defined in the Share Provisions have the meaning attributed to such words and expressions in such Share Provisions.
	 	 	 
	              The undersigned hereby notifies Accenture that the undersigned desires to exercise the Exchange
Put Right in accordance with Article 8 of the Share Provisions with respect to:
	 	 	 
	o	 	 all share(s) represented by the certificate(s) accompanying this notice; or
	 	 	 
	o	 	 _________________ share(s) only.
	 	 	 
	              The undersigned hereby represents and warrants to Accenture that the undersigned has good title
to, and owns, the share(s) that are the subject of this notice and are to be acquired by Accenture free and clear of all Transfer Restrictions, liens, claims, encumbrances, security interests and adverse claims or interests.
	 	 	 
	 	 	 
	o	 	Please check box if the legal or beneficial owner of the NZ Exchangeable Shares is a non-resident of Canada.
	 	 	 
	o	 	Please check box if the securities and any cheque(s) or other non-cash assets resulting from the exchange of the NZ Exchangeable Shares are to be held for pick-up by the shareholder
at the registered office of the Corporation, failing which the securities and any cheque(s) or other non-cash assets will delivered to the shareholder in accordance with the Share Provisions.
	 	 	 
	 	 	 
	 	 	 

	 
 Name of Person in Whose Name Securities

or Cheque(s) or Other Non-cash Assets Are

To Be Registered, Issued or Delivered (please print) 		 
  Date
	 	 	 
	 	 	 
	 
 Street Address or P.O. Box		 
 Signature of Shareholder
	 	 	 
	 	 	 
	 
 City, Province, Country		

	NOTE: 	 	This notice must be completed and the certificate(s) representing the NZ Exchangeable Shares which are the subject of this notice, together with such additional
documents as the Corporation may require, must be deposited with the Corporation at its head office. The securities and any cheque(s) or other non-cash assets resulting from the exchange of the NZ Exchangeable Shares will be issued and registered
in, and made payable to, or transferred into, respectively, the name of the shareholder as it appears on the register of the Corporation and the securities, cheque(s) and other non-cash assets resulting from such exchange will be delivered to the
shareholder in accordance with the Share Provisions.
	 	 	 
	NOTE:	 	If the notice of exercise of Exchange Put Right is for less than all of the share(s) represented by the certificate(s) submitted with this notice, a certificate
representing the remaining shares of the Corporation will be issued and registered in the name of the shareholder as it appears on the register of the Corporation.
	 	 	 

 

	5.	 	 The amendment has been duly authorized as required by Sections 168 & 170 (as applicable) of the Business Corporations Act.	La modification a été dûment autorisée conformement aux articles 168 et 170 (selon le cas) de la Loi sur les sociétés par actions.
	 	 	 	 
	6.	 	 The resolution authorizing the amendment was approved by the shareholders/directors (as applicable) of the corporation on 	Les actionnaires ou les administrateurs (selon le cas) de la société ont approuvé la résolution autorisant la modification le
	 	 	 
	 2001/05/30 
 
	 	
 

	
(Year, Month, Day)

(année, mois, jour)

	 	 	 	 
	 	 	These articles are signed in duplicate. 	Les présents status sont signés en double exemplaire.
	 	 	 	 
	 	 	 	 ACCENTURE CANADA HOLDINGS INC. 
 

	 	 	 	
(Name of Corporation)

(Denomination sociale de la société)

	 	 	 	 
	 	 	 	 By: /Par:

	  /s/ [ILLEGIBLE]                          
                                Director 
 
	 	 	 	(Signature)                            
                                (Description of Office)

(Signature)                                      
                               (Fonction)EXCHANGE SHARE TRUST AGREEMENT

Exhibit 10.12

EXCHANGE TRUST AGREEMENT

BETWEEN

ACCENTURE LTD

AND

ACCENTURE CANADA HOLDINGS INC.

AND

CIBC MELLON TRUST COMPANY

MADE AS OF

May 23, 2001

 

       EXCHANGE TRUST AGREEMENT

                      THIS EXCHANGE TRUST AGREEMENT is entered into as of May 23, 2001, by and
between ACCENTURE LTD, an exempted company registered under the laws of Bermuda (“ParentCo”), and ACCENTURE CANADA HOLDINGS INC., a corporation incorporated under the laws of Ontario (the “Corporation”), and CIBC MELLON TRUST
COMPANY, a Canadian trust company (“Trustee”).

                     WHEREAS pursuant to a reorganization of the capital structure of the
Corporation (the “Reorganization”) the Corporation created a new class of preferred shares (the “Exchangeable Shares”) having the rights, privileges, restrictions and conditions attached hereto as Schedule “A”
(collectively, the “Exchangeable Share Provisions”);

                     WHEREAS the parties desire to make appropriate provision and to establish a
procedure whereby holders of Exchangeable Shares may exchange their Exchangeable Shares for Class A Shares by and through the Trustee and whereby the rights to require ParentCo or, at the option of ParentCo, ParentCo Sub (as hereinafter defined) to
purchase Exchangeable Shares from the holders thereof (other than ParentCo and its Subsidiaries) shall be exercisable by such holders of Exchangeable Shares by and through the Trustee, who will hold the covenant of ParentCo to purchase the
Exchangeable Shares for the benefit of such holders;

                     WHEREAS, these recitals and any statements of fact in this agreement are
made by ParentCo and the Corporation and not by the Trustee;

                     NOW, THEREFORE, in consideration of the respective covenants and agreements
provided in this agreement and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties agree as follows:

ARTICLE 1 - DEFINITIONS AND INTERPRETATION

1.1             Definitions.

                    In this agreement, the following terms shall have the following
meanings:

“Authorized Investment” means short term interest bearing or discount debt obligations issued or guaranteed by the Government of Canada or a province or a Canadian Chartered Bank (which may
include an affiliate of the Trustee) provided that each such obligation is rated at least R1 (middle) by DBRS Inc. or an equivalent rating by Canadian Bond Rating Services;

“Automatic Exchange Rights” means the obligation of ParentCo to effect the automatic exchange of Class A Shares for Exchangeable Shares pursuant to Section 3.11 hereof;

“Board of Directors” means the Board of Directors of the Corporation;

“Business Day” has the meaning provided in the Exchangeable Share Provisions;

“Class A Share” has the meaning provided in the Exchangeable Share Provisions; 

“Exchange Put Right” has the meaning provided in the Exchangeable Share Provisions;

“Exchange Right” has the meaning provided in Section 3.1(b) hereof;

“Exchangeable Share Consideration” has the meaning provided in the Exchangeable Share Provisions;

“Exchangeable Share Price” has the meaning provided in the Exchangeable Share Provisions;

“Exchangeable Share Provisions” has the meaning provided in the recitals hereto;

“Exchangeable Shares” has the meaning provided in the recitals hereto;

“Holders” means the registered holders from time to time of Exchangeable Shares, other than ParentCo and its Subsidiaries;

“Insolvency Event” means the institution by the Corporation of any proceeding to be adjudicated a bankrupt or insolvent or to be dissolved or wound-up, or the consent of the Corporation to
the institution of bankruptcy, insolvency, dissolution or winding-up proceedings against it, or the filing of a petition, answer or consent seeking dissolution or winding-up under any bankruptcy, insolvency or analogous laws, including without
limitation the Companies Creditors' Arrangement Act (Canada) and the Bankruptcy and Insolvency Act (Canada), and the failure by the Corporation to contest in good faith any such proceedings commenced in respect of the Corporation
within 15 days of becoming aware thereof, or the consent by the Corporation to the filing of any such petition or to the appointment of a receiver, or the making by the Corporation of a general assignment for the benefit of creditors, or the
admission in writing by the Corporation of its inability to pay its debts generally as they become due, or the Corporation's not being permitted, pursuant to liquidity or solvency requirements of applicable law, to redeem any Retracted Shares
pursuant to Section 6.6 of the Exchangeable Share Provisions;

“Liquidation Call Right” has the meaning provided in the Exchangeable Share Provisions;

“Liquidation Event” has the meaning provided in subsection 3.12(b) hereof;

“Liquidation Event Effective Time” has the meaning provided in subsection 3.12(c) hereof;

“Officer's Certificate” means, with respect to ParentCo or the Corporation, as the case may be, a certificate signed by any one of the Chairman of the Board, the Vice-Chairman of the Board
(if there be one), the President, Managing Partner or any Vice-President or other similarly senior officer of ParentCo or the Corporation, as the case may be;

“ParentCo Sub” means any Subsidiary of ParentCo incorporated under the Business Corporations Act (Ontario) for the purpose of delivering Class A Shares as provided in this
agreement, the Exchangeable Share Provisions or the Support Agreement;

“Successor” has the meaning provided in Section 8.1 hereof;

“Person” includes an individual, body corporate, partnership, company, unincorporated syndicate or organization, trust, trustee, executor, administrator and other legal
representative;

“Redemption Call Right” has the meaning provided in the Exchangeable Share Provisions;

“Reorganization” has the meaning provided in the recitals hereto;

“Retracted Shares” has the meaning provided in Section 3.7 hereof;

“Retraction Call Right” has the meaning provided in the Exchangeable Share Provisions;

“Subsidiary” has the meaning provided in the Exchangeable Share Provisions;

“Support Agreement” means that certain support agreement made as of the date hereof by and between ParentCo and the Corporation;

“Trust” means the trust created by this agreement;

“Trust Estate” means the Exchange Right, the Automatic Exchange Rights and any money or other property which may be held by the Trustee from time to time pursuant to this agreement;

“Trustee” means CIBC Mellon Trust Company and, subject to the provisions of Article 7 hereof, includes any successor trustee or permitted assigns; and

“US$” means the lawful currency of the United States of America.

1.2             Integration Not Affected by Headings, Etc.

                    The division of this agreement into articles, sections and paragraphs and the
insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this agreement.

1.3             Number, Gender, Etc.

                    Words importing the singular number only shall include the plural and vice versa.
Words importing the use of any gender shall include all genders.

1.4             Date for Any Action.

                    If any date on which any action is required to be taken under this agreement is
not a Business Day, such action shall be required to be taken on the next succeeding Business Day.

1.5              Exhibits and Schedules.

                     The following are the Exhibits and Schedules annexed hereto and
incorporated by reference in this agreement:

                      Schedule A - Exchangeable Share Provisions; and

                     Schedule B - Support Agreement. 

ARTICLE 2 - PURPOSE OF AGREEMENT

                    The purpose of this agreement is to create the Trust for the benefit of the Holders, as
herein provided. The Trustee will hold the Exchange Right, the Exchange Put Right and the Automatic Exchange Rights in order to enable the Trustee to exercise such rights, in each case as trustee for
and on behalf of the Holders as provided in this agreement.

ARTICLE 3 - EXCHANGE RIGHT AND AUTOMATIC EXCHANGE

3.1             Grant and Ownership of the Exchange Right.

                     ParentCo hereby grants to the Trustee as trustee for and on behalf of, and
for the use and benefit of, the Holders:

	 	(a)	the Exchange Put Right,
	 	 	 
	 	(b)	the right (the “Exchange Right”), upon the occurrence and during the continuance of an Insolvency Event, to require ParentCo to purchase or to cause ParentCo Sub to purchase
from each or any Holder all or any part of the Exchangeable Shares held by the Holders, and
	 	 	 
	 	(c)	
the Automatic Exchange Rights,

all in accordance with the provisions of this agreement and the Exchangeable Share Provisions, as the case may be. ParentCo hereby acknowledges receipt from the Trustee as trustee for and on behalf of the
Holders of good and valuable consideration (and the sufficiency and adequacy thereof) for the grant of the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights by ParentCo to the Trustee. During the term of the Trust and subject
to the terms and conditions of this agreement, the Trustee shall possess and be vested with full legal ownership of the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights and shall be entitled to exercise and enforce for the
benefit of the Holders all of the rights and powers of an owner with respect to the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights, provided that the Trustee shall:

	 	(d)	hold the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights and the legal title thereto as trustee solely for the use and benefit of the Holders in accordance
with the provisions of this agreement; and
	 	 	 
	 	(e)	except as specifically authorized by this agreement, have no power or authority to exercise or otherwise deal in or with the Exchange Put Right, the Exchange Right or the Automatic
Exchange Rights, and the Trustee shall not exercise any such rights for any purpose other than the purposes for which this Trust is created pursuant to this agreement.

 3.2              Legended Share
Certificates.

                     The Corporation will cause each certificate representing Exchangeable
Shares to bear an appropriate legend notifying the Holders of:

	 	(a)	their right to instruct the Trustee with respect to the exercise of the Exchange Put Right and the Exchange Right in respect of the Exchangeable Shares held by a Holder;
and
	 	 	 
	 	(b)	
the Automatic Exchange Rights.

 3.3              General Exercise of
Exchange Put Right and Exchange.

                     The Exchange Put Right and the Exchange Right shall be and remain vested in
and exercised by the Trustee. Subject to Section 4.15 hereof, the Trustee shall exercise the Exchange Put Right and the Exchange Right only on the basis of instructions received pursuant to this Article 3 from Holders entitled to instruct the
Trustee as to the exercise thereof. To the extent that no instructions are received from a Holder with respect to the Exchange Put Right and the Exchange Right, the Trustee shall not exercise or permit the exercise of the Exchange Put Right and the
Exchange Right.

3.4              Purchase Price.

                     The purchase price payable by ParentCo or ParentCo Sub for each
Exchangeable Share to be purchased by ParentCo or ParentCo Sub (a) under the Exchange Put Right shall be the amount determined under the Exchangeable Share Provisions, and (b) under the Exchange Right shall be an amount equal to the Exchangeable
Share Price on the last Business Day prior to the day of closing of the purchase and sale of such Exchangeable Share under the Exchange Right. In connection with each exercise of the Exchange Right, ParentCo will provide to the Trustee an Officer's
Certificate setting forth the calculation of the applicable Exchangeable Share Price for each Exchangeable Share. The applicable Exchangeable Share Price for each such Exchangeable Share so purchased may be satisfied only by ParentCo or ParentCo
Subsidiary delivering or causing to be delivered to the Trustee, on behalf of the relevant Holder, the applicable Exchangeable Share Consideration representing the total applicable Exchangeable Share Price. 

3.5              Exercise Instructions.

                     Subject to the terms and conditions herein set forth, a Holder shall be
entitled, upon the occurrence and during the continuance of an Insolvency Event, to instruct the Trustee to exercise the Exchange Right with respect to all or any part of the Exchangeable Shares registered in the name of such Holder on the books of
the Corporation. To cause the exercise of the Exchange Right by the Trustee, the Holder shall deliver to the Trustee, in person or by certified or registered mail, at its principal transfer office in Toronto, Ontario or at such other places in
Canada as the Trustee may from time to time designate by written notice to the Holders, the certificates representing the Exchangeable Shares which such Holder desires ParentCo to purchase, duly endorsed in blank, and accompanied by such other
documents and instruments as may be required to effect a transfer of Exchangeable Shares under the Business Corporations Act (Ontario) and the by-laws of the Corporation and such additional documents and instruments as the Trustee may
reasonably require, together with:

	 	(a)	a duly completed form of notice of exercise of the Exchange Right, contained on the reverse of or attached to the Exchangeable Share certificates, stating:
	 	 	 
	 	 	(i)	
that the Holder thereby instructs the Trustee to exercise the Exchange Right so as to require ParentCo to purchase from the Holder the number of Exchangeable Shares specified therein,

	 	 	 	 
	 	 	(ii)	that such Holder has good title to and owns all such Exchangeable Share to be acquired by ParentCo free and clear of all liens, claims, encumbrances, security interests and adverse claims or
interests,
	 	 	 	 
	 	 	(iii)	
the names in which the Class A Shares issuable in connection with the exercise of the Exchange Right are to be issued, and

	 	 	 	 
	 	 	(iv)	
the names and addresses of the persons to whom the Exchangeable Share Consideration should be delivered; and

	 	 	 	 
	 	(b)	
payment (or evidence satisfactory to the Trustee, the Corporation and ParentCo of payment) of the taxes (if any) payable as contemplated by Section 3.8 of this agreement.

	 	 	 
	 	 	 
	 	 	 

                     If only a part of the Exchangeable Shares represented by any certificate or
certificates delivered to the Trustee are to be purchased by ParentCo or ParentCo Sub under the Exchange Right, the Corporation shall issue a new certificate for the balance of such Exchangeable Shares to the Holder at the expense of the
Corporation.

3.6              Delivery of Exchangeable Share Consideration; Effect of
Exercise.

                     Promptly after receipt of the certificates representing the Exchangeable
Shares which the Holder desires ParentCo to purchase under the Exchange Put Right or the Exchange Right 

(together with such documents and instruments of transfer and a duly completed form of notice of exercise of the Exchange Put Right or the Exchange Right), duly endorsed for transfer to ParentCo, the Trustee
shall notify ParentCo and the Corporation of its receipt of the same, which notice to ParentCo and the Corporation shall constitute exercise of the Exchange Put Right or the Exchange Right by the Trustee on behalf of the Holder of such Exchangeable
Shares, and ParentCo shall immediately thereafter deliver or cause ParentCo Sub to deliver to the Trustee, for delivery to the Holder of such Exchangeable Shares (or to such other persons, if any, properly designated by such Holder), the
Exchangeable Share Consideration deliverable in connection with the exercise of the Exchange Put Right or the Exchange Right; provided, however, that no such delivery shall be made unless and until the Holder requesting the same shall have paid (or
provided evidence satisfactory to the Trustee, the Corporation and ParentCo of the payment of) the taxes (if any) payable as contemplated by Section 3.8 of this agreement. Immediately upon the giving of notice by the Trustee to ParentCo and the
Corporation of the exercise of the Exchange Put Right or the Exchange Right, as provided in this Section 3.6, the closing of the transaction of purchase and sale contemplated by the Exchange Put Right or the Exchange Right shall be deemed to have
occurred, and the Holder of such Exchangeable Shares shall be deemed to have transferred to ParentCo (or at ParentCo's option, to ParentCo Sub) all of its right, title and interest in and to such Exchangeable Shares and the related interest in the
Trust Estate, shall cease to be a holder of such Exchangeable Shares and shall not be entitled to exercise any of the rights of a holder in respect thereof, other than the right to receive his proportionate part of the total purchase price therefor,
unless such Exchangeable Share Consideration is not delivered by ParentCo or ParentCo Sub to the Trustee, for delivery to such Holder (or to such other persons, if any, properly designated by such Holder), within five Business Days of the date of
the giving of such notice by the Trustee, in which case the rights of the Holder shall remain unaffected until such Exchangeable Share Consideration is delivered by ParentCo or ParentCo Sub and any cheque included therein is paid. Concurrently with
such Holder ceasing to be a holder of Exchangeable Shares, the Holder shall be registered as the holder of the Class A Shares delivered to it pursuant to the Exchange Put Right or the Exchange Right. 

3.7             Exercise of Exchange Right Subsequent to Retraction.

                   In the event that a Holder has exercised its right under Article 6 of the Exchangeable Share
Provisions to require the Corporation to redeem any or all of the Exchangeable Shares held by the Holder (the “Retracted Shares”) and is notified by the Corporation pursuant to Section 6.6 of the Exchangeable Share Provisions that the
Corporation will not be permitted as a result of liquidity or solvency requirements of applicable law to redeem all such Retracted Shares, subject to receipt by the Trustee of written notice to that effect from the Corporation and provided that
ParentCo shall not have exercised the Retraction Call Right with respect to the Retracted Shares and that the Holder has not revoked the retraction request delivered by the Holder to the Corporation pursuant to Section 6.1 of the Exchangeable Share
Provisions, the retraction request will constitute and will be deemed to constitute notice from the Holder to the Trustee instructing the Trustee to exercise the Exchange Right with respect to those Retracted Shares which the Corporation is unable
to redeem. In any such event, the Corporation hereby agrees with the Trustee and in favour of the Holder immediately to notify the Trustee of such prohibition against 

the Corporation's redeeming all of the Retracted Shares and immediately to forward or cause to be forwarded to the Trustee all relevant materials delivered by the Holder to the Corporation (including without
limitation a copy of the retraction request delivered pursuant to Section 6.1 of the Exchangeable Share Provisions) in connection with such proposed redemption of the Retracted Shares, and the Trustee will thereupon exercise the Exchange Right with
respect to the Retracted Shares which the Corporation is not permitted to redeem and will require ParentCo or ParentCo Sub to purchase such shares in accordance with the provisions of this Article 3.

	3.8	Stamp or Other Transfer Taxes.

		Upon any sale of Exchangeable Shares to ParentCo pursuant to the Exchange Put Right, the Exchange Right or the Automatic Exchange Rights, the Class A Shares to be 
	issued anddelivered or transferred in connection with the payment of the total purchase price therefor shall be registered in the name of the Holder of the Exchangeable Shares so sold or in such
names as such Holder may otherwise direct in writing without charge to the holder of the Exchangeable Shares so sold, provided, however, that such Holder:

 

	 	(a)	
shall pay (and none of ParentCo, ParentCo Sub, the Corporation or the Trustee shall be required to pay) any documentary, stamp, transfer or other similar taxes that may be payable in respect of any transfer
involved in the issuance or delivery of such shares to a person other than such Holder; or

	 	 	 
	 	(b)	shall have established to the satisfaction of the Trustee, ParentCo and the Corporation that such taxes, if any, have been paid.
	 	 	 

The Corporation and the Trustee (as directed in writing by the Corporation) shall be entitled to deduct and withhold from any consideration otherwise payable under this Agreement to any Holder such amounts as
the Corporation or the Trustee is required or permitted to deduct and withhold with respect to such payment under the Income Tax Act (Canada), the United States Internal Revenue Code of 1986 or any provision of provincial, state, local or
foreign tax law, in each case as amended or succeeded unless such Holder provides to the Corporation certificates or such other assurances as are provided for under the Income Tax Act (Canada), the United States Internal Revenue Code of 1986
or such other applicable taxation provisions. To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes as having been paid to the Holder in respect of which such deduction and withholding was made, provided
that such withheld amounts are actually remitted to the appropriate taxing authority as and when required. To the extent that the amount so required or permitted to be deducted or withheld from any payment to a Holder exceeds the cash portion, if
any, of the consideration otherwise payable to the Holder, the Corporation and the Trustee are hereby authorized to sell or otherwise dispose of such portion of the consideration as is necessary to provide sufficient funds to the Corporation or the
Trustee, as the case may be, to enable it to comply with such deduction or withholding requirement and the Corporation or the Trustee shall notify the Holder and remit to such Holder any unapplied balance of the net proceeds of such sale. 

	3.9 	Notice of Insolvency Event.

	 	Immediately upon the occurrence of an Insolvency Event or any event which with the giving of notice or the passage of time or both would be an Insolvency
	Event, the Corporation shall give written notice thereof to the Trustee and ParentCo. As soon as practicable after receiving notice from the Corporation of the occurrence of an Insolvency Event,
the Trustee will mail to each Holder, at the expense of ParentCo, a notice of such Insolvency Event in the form provided by ParentCo, which notice shall contain a brief statement of the right of the Holders with respect to the Exchange
Right.

	3.10 	Reservation of Class A Shares.

	 	ParentCo hereby represents, warrants and covenants with the Trustee for the benefit of the Holders that it has irrevocably reserved for issuance, and will at 
	all times keep available, free from pre-emptive and other rights, within its authorized and unissued share capital such number of Class A Shares:

	 	(a)	as is equal to the number of Exchangeable Shares issued and outstanding from time to time; and
	 	 	 
	 	(b)	
as are now and may hereafter be required to enable and permit the Corporation to meet its obligations hereunder, under the Support Agreement and under the Exchangeable Share Provisions. 

	3.11 	Automatic Exchange on Liquidation of ParentCo.

	 	(a)	
ParentCo will give the Trustee written notice of each of the following events at the time set forth below:

	 	 	 
	 	 	(i)	
in the event of any determination by the board of directors of the ParentCo to institute voluntary liquidation, dissolution or winding-up proceedings with respect to ParentCo or to effect any other
distribution of assets of ParentCo among its shareholders for the purpose of winding up its affairs, at least 60 days prior to the proposed effective date of such liquidation, dissolution, winding-up or other distribution; and

	 	 	 	 
	 	 	(ii)	
immediately, upon the earlier of

	 	 	 	 
	 	 	 	A.	receipt by ParentCo of notice of; and
	 	 	 	 	 
	 	 	 	B.	
ParentCo's otherwise becoming aware of; 

	 	 	 	 	 
	 	 	 	
any threatened or instituted claim, suit, petition or other proceedings with respect to the involuntary liquidation, dissolution or winding-up of 

	 	 	 	
 ParentCo or to effect any other distribution of assets of ParentCo among its shareholders for the purpose of winding up its affairs.

	 	(b)	
Immediately following receipt by the Trustee from ParentCo of notice of any event (a “Liquidation Event”) contemplated by Section 3.11(a) above, the Trustee will give notice thereof to the Holders.
Such notice will be provided by ParentCo to the Trustee and shall include a brief description of the automatic exchange of Exchangeable Shares for Class A Shares provided for in Section 3.11(c) below.

	 	 	 	 
	 	(c)	In order that the Holders will be able to participate on a pro rata basis with the holders of Class A Shares in the distribution of assets of ParentCo in connection with a Liquidation Event,
immediately prior to the effective time (the “Liquidation Event Effective Time”) of a Liquidation Event, all of the then outstanding Exchangeable Shares shall be automatically exchanged for Class A Shares. To effect such automatic
exchange, ParentCo shall be deemed to have purchased each Exchangeable Share held by Holders outstanding immediately prior to the Liquidation Event Effective Time, and each Holder shall be deemed to have sold the Exchangeable Shares held by it at
such time, for a purchase price per share equal to the Exchangeable Share Price applicable at such time. In connection with such automatic exchange, ParentCo will provide to the Trustee an Officer's Certificate setting forth the calculation of the
purchase price for each Exchangeable Share.
	 	 	 
	 	(d)	
The closing of the transaction of purchase and sale contemplated by Section 3.11(c) above shall be deemed to have occurred immediately prior to the Liquidation Event Effective Time, and each Holder of
Exchangeable Shares shall have transferred to ParentCo all of the Holder's right, title and interest in and to such Exchangeable Shares and, upon such transfer, each such Holder shall cease to be a holder of such Exchangeable Shares, and ParentCo
shall deliver to the Holder the Exchangeable Share Consideration deliverable upon such exchange of Exchangeable Shares. Concurrently with such Holder's ceasing to be a holder of Exchangeable Shares, the Holder shall be registered as the holder of
the Class A Shares to be issued to it pursuant to such exchange of Exchangeable Shares for Class A Shares, and the certificates held by the Holder previously representing the Exchangeable Shares exchanged by the Holder with ParentCo pursuant to such
exchange shall thereafter represent the right to receive the Class A Shares registered in the name of the Holder by ParentCo pursuant to such exchange. Upon the request of a Holder and the surrender by the Holder of Exchangeable Share certificates
duly endorsed in blank and accompanied by such instruments of transfer as ParentCo may reasonably require, ParentCo shall deliver or cause to be delivered to the Holder certificates representing the Class A Shares of which the Holder is the holder.

	3.12	Certain Restrictions

	                    For greater certainty, the rights and obligations of each of the Holders and
ParentCo set forth herein are subject to their respective rights and obligations, and any restrictions on the transfer, registration,qualification or approval of Class A Shares set forth in the Exchangeable Share Provisions, any Transfer
Restrictions (as defined in the Exchangeable Share Provisions) and any other agreements or restrictions agreed to by, or binding upon, the Holders or ParentCo, as the case may be.

ARTICLE 4 - CONCERNING THE TRUSTEE

	4.1	Powers and Duties of the Trustee.

	 	The rights, powers and authorities of the Trustee under this agreement, in its capacity as trustee of the Trust, shall 
	include:

	 	(a)	
receiving the grant of the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights from ParentCo as trustee for and on behalf of the Holders in accordance with the provisions of this
agreement;

	 	 	 
	 	(b)	
exercising the Exchange Put Right and the Exchange Right and enforcing the benefit of the Automatic Exchange Rights, in each case in accordance with the provisions of this agreement, and in connection
therewith receiving from Holders certificates representing Exchangeable Shares and other requisite documents, and distributing to such Holders the Class A Shares and cheques, if any, to which such Holders are entitled upon the exercise of the
Exchange Put Right and the Exchange Right or pursuant to the Automatic Exchange Rights, as the case may be;

	 	 	 
	 	(c)	
holding title to the Trust Estate;

	 	 	 
	 	(d)	
investing any moneys forming, from time to time, a part of the Trust Estate as provided in this agreement;

	 	 	 
	 	(e)	
taking action at the direction of a Holder or Holders to enforce the obligations of ParentCo under this agreement; and

	 	 	 
	 	(f)	taking such other actions and doing such other things as are specifically provided in this agreement.

                     In the exercise of such rights, powers and authorities the Trustee shall
have (and is granted) such incidental and additional rights, powers and authority not in conflict with any of the provisions of this agreement as the Trustee, acting in good faith and in the reasonable exercise of its discretion, may deem necessary,
appropriate or desirable to effect the purpose of the Trust. Any exercise of such discretionary rights, powers and authorities by the Trustee shall 

be final, conclusive and binding upon all persons. For greater certainty, the Trustee shall have only those duties as are set out specifically in this agreement. The Trustee in exercising its rights, powers,
duties and authorities hereunder shall act honestly and in good faith with a view to the best interests of the Holders and the terms of this agreement and shall exercise the care, diligence and skill that a reasonably prudent trustee would exercise
in comparable circumstances. The Trustee shall not be bound to give any notice or do or take any act, action or proceeding by virtue of the powers conferred on it hereby unless and until it shall be specifically required to do so under the terms
hereof; nor shall the Trustee be required to take any notice of, or to do or to take any act, action or proceeding as a result of, any default or breach of any provision hereunder, unless and until notified in writing of such default or breach,
which notices shall distinctly specify the default or breach desired to be brought to the attention of the Trustee and in the absence of such notice the Trustee may for all purposes of this agreement conclusively assume that no default or breach has
been made in the observance or performance of any of the representations, warranties, covenants, agreements or conditions contained herein.

4.2                No Conflict of Interest. 

                     The Trustee represents to the Corporation and ParentCo that at the date of
execution and delivery of this agreement there exists no material conflict of interest in the role of the Trustee as a fiduciary hereunder and the role of the Trustee in any other capacity. The Trustee shall, within 90 days after it becomes aware
that such a material conflict of interest exists, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Article 7 hereof. If, notwithstanding the foregoing provisions of this Section 4.2, the
Trustee has such a material conflict of interest, the validity and enforceability of this agreement shall not be affected in any manner whatsoever by reason only of the existence of such material conflict of interest. If the Trustee contravenes the
foregoing provisions of this Section 4.2, any interested party may apply to the superior court of the province in which the Corporation has its registered office for an order that the Trustee be replaced as trustee hereunder.

4.3                Dealings with Transfer Agents, Registrars, Etc.

                     The Corporation and ParentCo irrevocably authorize the Trustee, from time
to time, to:

	 	(a)	
consult, communicate and otherwise deal with the respective registrars and transfer agents, and with any such subsequent registrar or transfer agent, of the Class A Shares; and

	 	 	 
	 	(b)	
requisition, from time to time,

	 	 	 	 
	 	 	(i)	
from the Corporation or any such registrar or transfer agent of the Exchangeable Shares any information readily available from the records maintained by it and any certificates representing the Exchangeable
Shares which the Trustee may reasonably require for the discharge of its duties and responsibilities under this agreement; and

	 	 	 	 
	 	 	 	 

	 	 	(ii)	
from the transfer agent of Class A Shares, and any subsequent transfer agent of such shares, to complete the exercise from time to time of the Exchange Put Right, the Exchange Right and the Automatic Exchange
Rights in the manner specified in Article 3 hereof, the share certificates issuable upon such exercise, if any.

 

                     The Corporation and ParentCo irrevocably authorize their respective
registrars and transfer agents to comply with all such requests. ParentCo covenants that if the Class A Shares are to be represented by share certificates, it will supply its transfer agent with duly executed share certificates for the purpose of
completing the exercise from time to time of the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights, in each case pursuant to Article 3 hereof.

4.4               Books
and Records. 

                     The Trustee shall keep available for inspection by ParentCo and the
Corporation, at the Trustee's principal transfer office in Toronto, Ontario, correct and complete books and records of account relating to the Trustee's actions under this agreement, including without limitation all information relating to mailings
and instructions to and from Holders and all transactions pursuant to the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights for the term of this agreement. 

4.5                Income Tax Returns and Reports. 

                     The Corporation shall, to the extent necessary, prepare and file on behalf
of the Trust appropriate United States and Canadian income tax returns and any other returns or reports as may be required by applicable law or pursuant to the rules and regulations of any securities exchange or other trading system through which
the Class A Shares are traded and, in connection therewith, may obtain the advice and assistance of such experts as the Trustee may consider necessary or advisable. If requested by the Trustee, ParentCo shall retain such experts for purposes of
providing such advice and assistance.

4.6                Indemnification Prior to Certain Actions by Trustee. 

                     The Trustee shall exercise any or all of the rights, duties, powers or
authorities vested in it by this agreement at the written request, order or direction of any Holder upon such Holder's furnishing to the Trustee reasonable funding, security and indemnity against the costs, expenses and liabilities which may be
incurred by the Trustee therein or thereby; provided that no Holder shall be obligated to furnish to the Trustee any such funding, security or indemnity in connection with the exercise by the Trustee of any of its rights, duties, powers and
authorities with respect to the Exchange Put Right and the Exchange Right as specifically provided for in Article 3 hereof, subject to Section 4.15 hereof, and with respect to the Automatic Exchange Rights pursuant to Article 3 hereof. None of the
provisions contained in this agreement shall require the Trustee to expend or risk its own funds or otherwise incur financial liability in the exercise of any of its 

rights, powers, duties or authorities unless funded, given funds, security and indemnified as aforesaid.

4.7                Actions by Holders. 

                     No Holder shall have the right to institute any action, suit or proceeding
or to exercise any other remedy authorized by this agreement for the purpose of enforcing any of its rights or for the execution of any trust or power hereunder unless the Holder has requested the Trustee to take or institute such action, suit or
proceeding and furnished the Trustee with the funding, security and indemnity referred to in Section 4.6 hereof and the Trustee shall have failed to act within a reasonable time thereafter. In such case, but not otherwise, the Holder shall be
entitled to take proceedings in any court of competent jurisdiction such as the Trustee might have taken; it being understood and intended that no one or more Holders shall have any right in any manner whatsoever to affect, disturb or prejudice the
rights hereby created by any such action, or to enforce any right hereunder or under the Exchange Put Right, the Exchange Right or the Automatic Exchange Rights, except subject to the conditions and in the manner herein provided, and that all powers
and trusts hereunder shall be exercised and all proceedings at law shall be instituted, had and maintained by the Trustee, except only as herein provided, and in any event for the equal benefit of all Holders.

4.8                Reliance Upon Declarations. 

                     The Trustee shall not be considered to be in contravention of any of its
rights, powers, duties and authorities hereunder if, when required, it acts and relies in good faith upon lists, mailing labels, notices, statutory declarations, certificates, opinions, reports or other papers or documents furnished pursuant to the
provisions hereof or required by the Trustee to be furnished to it in the exercise of its rights, powers, duties and authorities hereunder, and such lists, mailing labels, notices, statutory declarations, certificates, opinions, reports or other
papers or documents comply with the provisions of Section 4.9 hereof, if applicable, and with any other applicable provisions of this agreement.

4.9                Evidence and Authority to Trustee. 

                     The Corporation and/or ParentCo shall furnish to the Trustee evidence of
compliance with the conditions provided for in this agreement relating to any action or step required or permitted to be taken by the Corporation and/or ParentCo or the Trustee under this agreement or as a result of any obligation imposed under this
agreement, including, without limitation, in respect of the Exchange Put Right, the Exchange Right or the Automatic Exchange Rights and the taking of any other action to be taken by the Trustee at the request of or on the application of the
Corporation and/or ParentCo forthwith if and when:

	 	(a)	
such evidence is required by any other section of this agreement to be furnished to the Trustee in accordance with the terms of this Section 4.9; or

	 	 	 
	 	 	 

	 	(b)	
the Trustee, in the exercise of its rights, powers, duties and authorities under this agreement, gives the Corporation and/or ParentCo written notice requiring it to furnish such evidence in relation to any
particular action or obligation specified in such notice.

                     Such evidence shall consist of an Officer's Certificate of the Corporation
and/or ParentCo or a statutory declaration or a certificate made by persons entitled to sign an Officer's Certificate stating that any such condition has been complied with in accordance with the terms of this agreement.

                     Whenever such evidence relates to a matter other than the Exchange Put
Right, the Exchange Right or the Automatic Exchange Rights, and except as otherwise specifically provided herein, such evidence may consist of a report or opinion of any solicitor, auditor, accountant, appraiser, valuer, engineer or other expert or
any other person whose qualifications give authority to a statement made by him, provided that if such report or opinion is furnished by a director, officer or employee of the Corporation and/or ParentCo it shall be in the form of an Officer's
Certificate or a statutory declaration.

                     Each statutory declaration, certificate, opinion or report furnished to the
Trustee as evidence of compliance with a condition provided for in this agreement shall include a statement by the person giving the evidence:

	 	(c)	
declaring that he has read and understands the provisions of this agreement relating to the condition in question;

	 	 	 
	 	(d)	
describing the nature and scope of the examination or investigation upon which he based the statutory declaration, certificate, statement or opinion; and

	 	 	 
	 	(e)	
declaring that he has made such examination or investigation as he believes is necessary to enable him to make the statements or give the opinions contained or expressed therein.

	4.10	Experts, Advisers and Agents.

	 	The Trustee may:

	 	(a)	
in relation to these presents act and rely, and shall be protected in acting and relying, on the opinion or advice of or information obtained from or prepared by any solicitor, auditor, accountant, appraiser,
valuer, engineer or other expert, whether retained by the Trustee or by the Corporation and/or ParentCo or otherwise, and may employ such assistants as may be necessary to the proper determination and discharge of its powers and duties and
determination of its rights hereunder and may pay proper and reasonable compensation for all such legal and other advice or assistance as aforesaid; and

	 	 	 
	 	 	 

 

	 	 	 
	 	(b)	
retain and employ such agents and other assistants as it may reasonably require for the proper determination and discharge of its powers and duties hereunder, and may pay reasonable remuneration for all
services performed for it (and shall be entitled to receive reasonable remuneration for all services performed by it) in the discharge of the trusts hereof and compensation for all disbursements, costs and expenses made or incurred by it in the
determination and discharge of its duties hereunder and in the management of the Trust.

	4.11	Investment of Moneys Held by Trustee.

	 	Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms 

	of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the
control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and
the Trustee shall so invest such moneys on the timely written direction of the Corporation. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or,
with the consent of the Corporation, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar
deposits.

	4.12	Trustee Not Required to Give Security. 

	 	The Trustee shall not be required to give any bond or security in respect of the execution of the trusts, rights, duties, 

	powers and authorities of this agreement or otherwise in respect of the premises.

	4.13	Trustee Not Bound to Act on Request.

	 	 Except as in this agreement otherwise specifically provided, the Trustee shall not be bound to act in accordance with 

	 any direction or request of the Corporation and/or ParentCo or of the directors thereof until a duly authenticated copy of the instrument or resolution containing such direction or request shall
have been delivered to the Trustee, and the Trustee shall be empowered to act and rely upon any such copy purporting to be authenticated and believed by the Trustee to be genuine.

	4.14	Authority to Carry on Business.

	 	The Trustee represents to the Corporation and ParentCo that at the date of execution and delivery by it of this 

	agreement it is authorized to carry on the business of a trust company in the Province of Ontario but if, notwithstanding the provisions of this Section 4.14, it ceases to be so authorized to
carry on business, the validity and enforceability of this agreement and the Exchange Put Right, the Exchange Right and the Automatic Exchange Rights shall not be 

                      

affected in any manner whatsoever by reason only of such event; provided, however, the Trustee shall, within 90 days after ceasing to be authorized to carry on the business of a trust company in the Province
of Ontario, either become so authorized or resign in the manner and with the effect specified in Article 7 hereof.

4.15               Conflicting Claims. 

                     If conflicting claims or demands are made or asserted with respect to any
interest of any Holder in any Exchangeable Shares, including any disagreement between the heirs, representatives, successors or assigns succeeding to all or any part of the interest of any Holder in any Exchangeable Shares resulting in conflicting
claims or demands being made in connection with such interest, then the Trustee shall be entitled, at its sole discretion, to refuse to recognize or to comply with any such claim or demand. In so refusing, the Trustee may elect not to exercise any
Exchange Put Right, Exchange Right or Automatic Exchange Rights subject to such conflicting claims or demands and, in so doing, the Trustee shall not be or become liable to any person on account of such election or its failure or refusal to comply
with any such conflicting claims or demands. The Trustee shall be entitled to continue to refrain from acting and to refuse to act until:

	 	(a)	
the rights of all adverse claimants with respect to the Exchange Put Right, Exchange Right or Automatic change Rights subject to such conflicting claims or demands have been adjudicated by a final judgment of
a court of competent jurisdiction; or

	 	 	 
	 	(b)	
the differences with respect to the Exchange Put Right, Exchange Right or Automatic Exchange Rights subject to such conflicting claims or demands have been conclusively settled by a valid written agreement
binding on all such adverse claimants, and the Trustee shall have been furnished with an executed copy of such agreement.

                      If the Trustee elects to
recognize any claim or comply with any demand made by any such adverse claimant, it may in its discretion require such claimant to furnish such surety bond or other security satisfactory to the Trustee as it shall deem appropriate fully to indemnify
it as between all conflicting claims or demands.

4.16               Acceptance of Trust. 

                     The Trustee hereby accepts the Trust created and provided for by and in
this agreement and agrees to perform the same upon the terms and conditions herein set forth and to hold all rights, privileges and benefits conferred hereby and by law in trust for the various persons who shall from time to time be Holders, subject
to all the terms and conditions herein set forth.

ARTICLE 5 - COMPENSATION

                     ParentCo and the Corporation jointly and severally agree to pay to the
Trustee reasonable compensation for all of the services rendered by it under this agreement and will reimburse the Trustee for all reasonable expenses (including but not limited to taxes, compensation paid to experts, agents and advisors and travel
expenses) and disbursements, including the cost and expense of any suit or litigation of any character and any proceedings before any governmental agency, reasonably incurred by the Trustee in connection with its rights and duties under this
agreement; provided that ParentCo and the Corporation shall have no obligation to reimburse the Trustee for any expenses or disbursements paid, incurred or suffered by the Trustee in any suit or litigation in which the Trustee is determined to have
acted in bad faith or with negligence or wilful misconduct.

ARTICLE 6 - INDEMNIFICATION AND LIMITATION OF LIABILITY

6.1                Indemnification of the Trustee. 

                     ParentCo and the Corporation jointly and severally agree to indemnify and
hold harmless the Trustee, and each of its directors, officers, employees and agents appointed and acting in accordance with this agreement (for whom it is expressly agreed that the Trustee is holding the benefit of this indemnity and rights of
enforcement thereof in trust) (collectively, the “Indemnified Parties”) against all claims, losses, damages, costs, penalties, fines and reasonable expenses (including reasonable expenses of the Trustee's legal counsel) which, without
fraud, negligence, wilful misconduct or bad faith on the part of such Indemnified Party, may be paid, incurred or suffered by the Indemnified Party by reason of or as a result of the Trustee's acceptance or administration of the Trust, its
compliance with and completion of its duties set forth in this agreement, or any written or oral instructions delivered to the Trustee by ParentCo or the Corporation pursuant hereto. In no case shall ParentCo or the Corporation be liable under this
indemnity for any claim against any of the Indemnified Parties unless ParentCo and the Corporation shall be notified by the Trustee of the written assertion of a claim or of any action commenced against the Indemnified Parties, promptly after any of
the Indemnified Parties shall have received any such written assertion of a claim or shall have been served with a summons or other first legal process giving information as to the nature and basis of the claim and such failure prejudices the
ability of the ParentCo or the Corporation to respond to any such claim or action. Subject to (i) below, ParentCo and the Corporation shall be entitled to participate at their own expense in the defense and, if ParentCo or the Corporation so elect
at any time after receipt of such notice, either of them may assume the defense of any suit brought to enforce any such claim. The Trustee shall have the right to employ separate counsel in any such suit and participate in the defense thereof, but
the fees and expenses of such counsel shall be at the expense of the Trustee unless: (i) the employment of such counsel has been authorized by ParentCo or the Corporation, such authorization not to be unreasonably withheld; or (ii) the named parties
to any such suit include both the Trustee and ParentCo or the Corporation and the Trustee shall have been advised by counsel acceptable to ParentCo or the Corporation that there may be one or more legal defenses available to the Trustee that are
different from or in addition

 to those available to ParentCo or the Corporation and that an actual or potential conflict of interest exists (in which case ParentCo and the Corporation shall not have the right to assume the defense of
such suit on behalf of the Trustee, but shall be liable to pay the reasonable fees and expenses of counsel for the Trustee).

6.2                Limitation of Liability. 

                     The Trustee shall not be held liable for any loss which may occur by reason
of depreciation of the value of any part of the Trust Estate or any loss incurred on any investment of funds pursuant to this agreement, except to the extent that such loss is attributable to the fraud, negligence, wilful misconduct or bad faith on
the part of the Trustee.

ARTICLE 7 - CHANGE OF TRUSTEE

7.1                Resignation. 

                     The Trustee, or any trustee hereafter appointed, may at any time resign by
giving written notice of such resignation to ParentCo and the Corporation specifying the date on which it desires to resign, provided that such notice shall never be given less than 60 days before such desired resignation date unless ParentCo and
the Corporation otherwise agree and provided further that such resignation shall not take effect until the date of the appointment of a successor trustee and the acceptance of such appointment by the successor trustee. Upon receiving such notice of
resignation, ParentCo and the Corporation shall promptly appoint a successor trustee by written instrument in duplicate, one copy of which shall be delivered to the resigning trustee and one copy to the successor trustee. Failing acceptance by a
successor trustee, a successor trustee may be appointed by an order of the superior court of the province in which the Corporation has its registered office upon application of one or more of the parties hereto at the Corporation's
expense.

7.2                
Removal. 

                     The Trustee, or any trustee hereafter appointed, may be removed with or
without cause, at any time on 60 days' prior notice by written instrument executed by ParentCo and the Corporation, in duplicate, one copy of which shall be delivered to the trustee so removed and one copy to the successor trustee, provided that, in
connection with such removal, provision is made for a replacement trustee similar to that contemplated in Section 7.1.

7.3                Successor Trustee. 

                     Any successor trustee appointed as provided under this agreement shall
execute, acknowledge and deliver to ParentCo and the Corporation and to its predecessor trustee an instrument accepting such appointment. Thereupon the resignation or removal of the predecessor trustee shall become effective and such successor
trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its 

predecessor under this agreement, with like effect as if originally named as trustee in this agreement. However, on the written request of ParentCo and the Corporation or of the successor trustee, the trustee
ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of the agreement, execute and deliver an instrument transferring to such successor trustee all the rights and powers of the trustee so ceasing to act. Upon the
request of any such successor trustee, ParentCo, the Corporation and such predecessor trustee shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights and
powers.

	7.4	Notice of Successor Trustee.

	 	Upon acceptance of appointment by a successor trustee as provided herein, ParentCo and the Corporation shall

	cause to be mailed notice of the succession of such trustee hereunder to each Holder specified in a List. If ParentCo or the Corporation shall fail to cause such notice to be mailed within 10
days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of ParentCo and the Corporation.

ARTICLE 8 - SUCCESSORS TO PARENTCO OR THE CORPORATION            
    

	8.1	Certain Requirements in Respect of Combination, Etc. 

	 	If either ParentCo or the Corporation shall enter into any transaction (whether by way of reconstruction,

	reorganization, consolidation, merger, transfer, sale, lease or otherwise) whereby all or substantially all of its undertaking, property and assets would become the property of any other Person
or, in the case of a merger, of the continuing corporation resulting therefrom, it shall ensure that:

	
 

 

	(a)	
such other Person or continuing corporation (the “Successor”), by operation of law, becomes, without more, bound by the terms and provisions of this agreement or, if not so bound, executes, prior to
or contemporaneously with the consummation of such transaction an agreement supplemental hereto and such other instruments (if any) are necessary or advisable to evidence the assumption by the Successor of liability for all moneys payable and
property deliverable hereunder, the covenant of such Successor to pay and deliver or cause to be delivered the same and its agreement to observe and perform all the covenants and obligations of ParentCo under this agreement; and

	 	 	 
	 	(b)	
such transaction shall be upon such terms which substantially preserve and do not impair in any material respect any of the rights, duties, powers and authorities of the Trustee or of the Holders
hereunder.

 

	8.2	Vesting of Powers in Successor.

	 	 In the event that Section 8.1 applies, the Trustee, the Successor, ParentCo and the Corporation shall execute

	and deliver the supplemental agreement provided for in Article 9 hereof, and thereupon the Successor shall possess and from time to time may exercise each and every right and power of ParentCo
under this agreement in the name of ParentCo or otherwise and any act or proceeding by any provision of this agreement required to be done or performed by the board of directors of ParentCo or any officers of ParentCo may be done and performed with
like force and effect by the directors or officers of such Successor.

	8.3	Wholly-owned Subsidiaries. 

	 	Nothing herein shall be construed as preventing the amalgamation or merger of any wholly-owned subsidiary of

	ParentCo with or into ParentCo or the winding-up, liquidation or dissolution of any wholly-owned subsidiary of ParentCo provided that all of the assets of such subsidiary are transferred to
ParentCo or another wholly-owned subsidiary of ParentCo, and any such transactions are expressly permitted by this Article 8.

 ARTICLE 9 - AMENDMENTS AND SUPPLEMENTAL AGREEMENTS

	9.1	Amendments, Modifications, Etc.

	 	 Subject to Section 9.4, this agreement may not be amended, modified or waived except by an agreement in

	 writing executed by the Corporation, ParentCo and the Trustee and approved by the Holders in accordance with Section 10.1 of the Exchangeable Share Provisions. No amendment to or modification or
waiver of any of the provisions of this agreement otherwise permitted hereunder shall be effective unless made in writing and signed by all of the parties hereto.

	9.2	Ministerial Amendments.

	 	Notwithstanding the provisions of Section 9.1 hereof, the parties to this agreement may in writing, at any time

	 and from time to time, without the approval of the Holders, amend or modify this agreement for the purposes of:

	 	(a)	
adding to the covenants of any or all of the parties hereto for the protection of the Holders hereunder;

	 	 	 
	 	(b)	
making such amendments or modifications not inconsistent with this agreement as may be necessary or desirable with respect to matters or questions which, in the opinion of the board of directors of each of
ParentCo and the Corporation and in the opinion of the Trustee, relying upon its counsel, having in mind the best interests of the Holders as a whole, it may be expedient to make, provided that such boards of directors and the Trustee, relying on
its counsel, shall be of the

 

	 	 	
opinion that such amendments and modifications will not be prejudicial to the interests of the Holders as a whole;

	 	 	 
	 	(c)	
making such changes or corrections which, on the advice of counsel to the Corporation, ParentCo and the Trustee, are required for the purpose of curing or correcting any ambiguity or defect or inconsistent
provision or clerical omission or mistake or manifest error; provided that the Trustee and, relying on its counsel, and the board of directors of each of the Corporation and ParentCo shall be of the opinion that such changes or corrections will not
be prejudicial to the interests of the Holders as a whole; or

	 	 	 
	 	(d)	
making such changes as may be necessary or appropriate to implement or give effect to any assignment or assumption made pursuant to Section 11.8 hereof.

	9.3	Meeting to Consider Amendments.

	 	The Corporation, at the request of ParentCo, shall call a meeting or meetings of the Holders for the purpose of

	considering any proposed amendment or modification requiring approval pursuant hereto. Any such meeting or meetings shall be called and held in accordance with the by-laws of the Corporation, the
Exchangeable Share Provisions and all applicable laws.

	9.4   	Changes in Capital of ParentCo and the Corporation.

	 	At all times after the occurrence of any event effected pursuant to Section 2.6 or Section 2.7 of the Support

	Agreement, as a result of which the Class A Shares or the Exchangeable Shares or any of them are in any way changed, this agreement shall forthwith be amended and modified as necessary in order
that it shall apply with full force and effect, mutatis mutandis, to all new securities into which Class A Shares or the Exchangeable Shares or any of them are so changed, and the parties hereto shall execute and deliver a supplemental agreement
giving effect to and evidencing such necessary amendments and modifications.

	9.5	Execution of Supplemental Agreements. 

	 	 From time to time the Corporation (when authorized by a resolution of its Board of Directors), ParentCo (when

	 	authorized by a resolution of its board of directors) and the Trustee may, subject to the provisions of these presents, and they shall, when so directed by these presents, execute and deliver by
their proper officers, agreements or other instruments supplemental hereto, which thereafter shall form part hereof, for any one or more of the following purposes:

	 	(a)	
evidencing the succession of any Successors to ParentCo and the covenants of and obligations assumed by each such Successor in accordance with the provisions of Article 8 and the successor of any successor
trustee in accordance with the provisions of Article 7;

	 	(b)	
making any additions to, deletions from or alterations of the provisions of this agreement, the Exchange Put Right, the Exchange Right or the Automatic Exchange Rights which, in the opinion of the Trustee and
its counsel, will not be prejudicial to the interests of the Holders as a whole or are in the opinion of counsel to the Trustee necessary or advisable in order to incorporate, reflect or comply with any legislation the provisions of which apply to
ParentCo, the Corporation, the Trustee or this agreement; and

	 	 	 
	 	(c)	
for any other purposes not inconsistent with the provisions of this agreement, including without limitation to make or evidence any amendment or modification to this agreement as contemplated hereby, provided
that, in the opinion of the Trustee and its counsel, the rights of the Trustee and the Holders as a whole will not be prejudiced thereby.

ARTICLE 10 - TERMINATION

	10.1	Term.

	 	The Trust created by this agreement shall continue until the earliest to occur of the following events:

	 	(a)	
no outstanding Exchangeable Shares are held by a Holder;

	 	 	 
	 	(b)	
each of the Corporation and ParentCo elects in writing to terminate the Trust and such termination is approved by the Holders of the Exchangeable Shares in accordance with Section 10.2 of the Exchangeable
Share Provisions; and

	 	 	 
	 	(c)	
21 years after the death of the last survivor of the descendants of Her Majesty Queen Elizabeth II of the United Kingdom of Great Britain and Northern Ireland living on the date of the creation of the
Trust.

	10.2	Survival of Agreement. 

	 	This agreement shall survive any termination of the Trust and shall continue until there are no Exchangeable

	Shares outstanding held by a Holder; provided, however, that the provisions of Articles 6 and 7 hereof shall survive any such termination of this agreement.

ARTICLE 11 - GENERAL

	11.1	Severability. 

	 	 If any provision of this agreement is held to be invalid, illegal or unenforceable, the validity, legality or

	enforceability of the remainder of this agreement shall not in any way be

 

              

                     

 affected or impaired thereby, and the agreement shall be carried out as nearly as possible in accordance with its original terms and conditions.

	11.2	Enurement. 

	 	This agreement shall be binding upon and inure to the benefit of the parties hereto and their respective

	 successors and permitted assigns and to the benefit of the Holders.

	11.3   	 Notices to Parties. 

	 	All notices and other communications between the parties hereunder shall be in writing and shall be deemed to

	 have been given if delivered personally or by confirmed telecopy to the parties at the following addresses (or at such other address for such party as shall be specified in like
notice):

	 	(a)	
if to ParentCo to:

Accenture Ltd

c/o Accenture LLP

1661 Page Mill Road

Palo Alto, CA 94304

Attention: President

Fax: (650) 213-2222

	 	 	 
	 	(b)	
if to the Corporation to:

Accenture Canada Holdings Inc.

5450 Explorer Drive

Suite 400

Mississauga, ON L4W 5M1

Attention: President

Fax: (416) 641-5090

 

	 	(c)	
if to the Trustee to:

CIBC Mellon Trust Company

320 Bay Street

6th Floor

Toronto, Ontario

M5H 4A6

Attention: Sophie Arcaro, Account Manager

Fax: (416) 643-5570

	 	Any notice or other communication given personally shall be deemed to have been given and received upon

	delivery thereof, and if given by telecopy shall be deemed to have been given and received on the date of receipt thereof unless such day is not a Business Day in which case it shall be deemed to
have been given and received upon the immediately following Business Day.

	11.4	 Notice to Holders. 

	 	Any and all notices to be given and any documents to be sent to any Holders may be given or sent to the address

	of such Holder shown on the register of Holders of Exchangeable Shares in any manner permitted by the Exchangeable Share Provisions and shall be deemed to be received (if given or sent in such
manner) at the time specified in such Exchangeable Share Provisions, the provisions of which Exchangeable Share Provisions shall apply mutatis mutandis to notices or documents as aforesaid sent to such Holders.

	11.5	Risk of Payments by Post. 

	 	Whenever payments are to be made or documents are to be sent to any Holder by the Trustee, by the

	Corporation or by ParentCo or by such Holder to the Trustee or to ParentCo or the Corporation, the making of such payment or sending of such document sent through the post shall be at the risk of
the Corporation or ParentCo, in the case of payments made or documents sent by the Trustee or the Corporation or ParentCo, and the Holder, in the case of payments made or documents sent by the Holder.

	11.6 	Counterparts. 

	 	This agreement may be executed in counterparts, each of which shall be deemed an original, but all of which

	taken together shall constitute one and the same instrument.

	11.7	Governing Law.

	 	This agreement shall be construed and enforced in accordance with the laws of the Province of Ontario and the

	laws of Canada applicable therein.

                  

            

                      

              

                      

	11.8	Permitted Assignment. 

	 	ParentCo may assign any or all of its rights and obligations under this agreement to any Subsidiary of ParentCo,

	organized under the laws of Canada or any province thereof, provided that each of ParentCo and such Subsidiary shall thereafter be jointly and severally liable for the performance by such
Subsidiary of the obligations of ParentCo pursuant to this agreement. Any and all of the obligations of ParentCo may be performed and satisfied by any such Subsidiary of ParentCo, except that nothing in this Section 11.8 shall permit any change to
the rights, privileges, restrictions and conditions attaching to the Class A Shares or the Exchangeable Shares.

 

             

                      

 

                     IN WITNESS WHEREOF, the parties hereby have caused this agreement to be
duly executed as of the date first above written.

	 	 	
ACCENTURE LTD

By:___________________________

      Michael L. Emmons

      Managing Director

ACCENTURE CANADA HOLDINGS INC.

By: ______________________________

       David E. Seibel

       President

 CIBC MELLON TRUST COMPANY

By: ______________________________

Name:

Title:

By: ______________________________

Name:

Title:

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