Document:

Newcastle Resources Ltd.: Exhibit 4.1 - Filed by newsfilecorp.com

SHARE EXCHANGE AGREEMENT

THIS AGREEMENT is made effective as of the 29th day of October,
2010.

	 AMONG: 		 
	 	TRICHOSCIENCE INNOVATIONS
      INC., a company incorporated 	 
	 	under the Canada Business
      Corporations Act and having an address at 	 
	 	Suite 200 – 455 Granville Street,
      Vancouver, BC V6C 1T1 	 
	 	 	 
	 	(the “Target”) 	 
	 AND: 		 
	 	THE ACCEPTING SHAREHOLDERS OF
      THE TARGET, as listed 	 
	 	on Schedule A attached hereto 	 
	 	(each, an “Accepting
      Shareholder” and collectively, the “Accepting 	 
	 	 	 
	 	Shareholders”) 	 
	 AND: 		 
	 	NEWCASTLE RESOURCES LTD.,
      a company incorporated pursuant 	 
	 	to the laws of the Province of
      Ontario and having an address at Suite 	 
	 	605–475 Howe Street, Vancouver,
      BC V6C 2B3 	 
	 	 	 
	 	(the “Purchaser”) 	 

WHEREAS:

A. The Accepting Shareholders are the registered and/or
beneficial owners of that number of common shares in the capital of the Target
set forth in Schedule A to this Agreement; 

B. The Purchaser has made an offer to acquire all of the issued
and outstanding common shares in the capital of the Target in exchange for the
issuance of: (i) 22,000,000 common shares of the Purchaser; (ii) 11,000,000
Class B preferred shares of the Purchaser; and (iii) 11,000,000 Class C
preferred shares of the Purchaser, assuming acquisition by the Purchaser of all
of the issued and outstanding common shares of the Target; and

C. Upon the terms and subject to the conditions set forth in
this Agreement, the Accepting Shareholders have agreed to exchange all of the
Accepting Shareholders’ legal and beneficial interest in the common shares in
the capital of the Target for common shares and preferred shares of the
Purchaser.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of
the mutual covenants and agreements herein contained and other good and valuable
consideration (the receipt and sufficiency of which are hereby acknowledged),
the parties covenant and agree as follows:

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     ARTICLE 1

INTERPRETATION

1.1    Definitions

In this Agreement the following words and phrases will have the
following meanings:

	 	(a) 	
      “583885” means 583885 B.C. Ltd.;

	 	 	 
	 	(b) 	
      “Accepting Shareholder” means the Shareholders who have
      executed this Agreement and have agreed to tender their Shares to the
      Purchaser on the Closing Date in accordance with the terms of this
      Agreement, as set out in Schedule A to this Agreement;

	 	 	 
	 	(c) 	
      “Affiliate” with respect to any specified Person at any
      time, means each Person directly or indirectly through one or more
      intermediaries controlling, controlled by or under direct or indirect
      common control with such specified Person at such time;

	 	 	 
	 	(d) 	
      “Agreement” means this Share Exchange Agreement, and all
      of the schedules and other documents attached hereto, as it may from time
      to time be supplemented or amended;

	 	 	 
	 	(e) 	
      “Applicable Laws” means, with respect to any Person, any
      domestic (whether federal, state, territorial, provincial, municipal or
      local) or foreign statute, law, ordinance, rule, administrative
      interpretation, regulation, Order, writ, injunction, directive, judgment,
      decree or other requirement, all as in effect as of the Closing, of any
      Governmental Body applicable to such Person or any of its Affiliates or
      any of their respective properties, assets, officers, directors,
      employees, consultants or agents (in connection with such officer’s,
      director’s, employee’s, consultant’s or agent’s activities on behalf of
      such Person or any of its Affiliates), including all Applicable Securities
      Laws;

	 	 	 
	 	(f) 	
      “Applicable Securities Laws” means applicable securities
      laws in all jurisdictions relevant to the issuance of the Consideration
      Shares to the Shareholders pursuant to the terms of this Agreement,
      including: (a) the BC Act or the equivalent legislation in each province
      and territory of Canada; (b) the rules, regulations, instruments and
      policies adopted by any securities commissions or other securities
      regulatory authorities of any of the provinces or territories of Canada;
      and (c) the federal and state securities legislation of the United States,
      including the Securities Act, as applicable;

	 	 	 
	 	(g) 	
      “BC Act” means the Securities Act (British
      Columbia) and the regulations made under that enactment, as
  amended;

	 	 	 
	 	(h) 	
      “BCI 51-509” means British Columbia Instrument 51-509 –
      Issuers Quoted in the U.S. Over-the-Counter Markets, as adopted by the
      British Columbia Securities Commission;

	 	 	 
	 	(i) 	
      “BC Legend” means the restrictive legend specified in BCI
      51-509;

	 	 	 
	 	(j) 	
      “Business” means the business currently and heretofore
      carried on by the Purchaser or the Target, as the case may be;

	 	 	 
	 	(k) 	
      “Business Day” means a day other than a Saturday, Sunday
      or other day on which commercial banks in British Columbia, Canada are
      authorized or required by law to close;

- 3 -

	 	(l) 	
      “Carob” means Carob Management Ltd.;

	 	 	 	 
	 	(m) 	
      “Carob Shares” means the 1,000,000 Class C Shares to be
      sold to Carob at Closing at a price of $0.0001 per Class C
Share;

	 	 	 	 
	 	(n) 	
      “Charter Documents” means the articles, notice of
      articles, by-laws, articles of incorporation, articles of association,
      memorandum of association or other constating documents of a party to this
      Agreement;

	 	 	 	 
		(o) 	
      “Class B Shares” means the Class B preference shares of
      the Purchaser to be created in connection with the Transaction, having the
      rights and restrictions as set out in Schedule D to this Agreement, to be
      issued to the Accepting Shareholders at a ratio such that, in the event
      that the Purchaser acquires all of the issued and outstanding Shares
      (exclusive of any Shares owned by the Purchaser), the Purchaser will issue
      an aggregate of 11,000,000 Class B Shares to the Accepting
      Shareholders;

	 	 	 	 
	 	(p) 	
      “Class C Shares” means the Class C preference shares of
      the Purchaser to be created in connection with the Transaction, having the
      rights and restrictions as set out in Schedule E to this Agreement, and
      being: (i) the Shareholder Class C Shares to be issued to the Accepting
      Shareholders; (ii) the Tryton Shares to be sold to Tryton; and (iii) the
      Carob Shares to be sold to Carob;

	 		
	 	(q) 	
      “Closing” means the closing of the Transaction and
      Investment One pursuant to the terms of this Agreement on the Closing
      Date;

	 	 	 	 
	 	(r) 	
      “Closing Date” means the date that is on or before 21
      days following presentation by the Target to the Purchaser of the Target
      Financial Statements that are sufficient for filing purposes under
      Applicable Securities Laws, or such other date as the Purchaser and the
      Target may mutually agree to in writing, provided that the parties will
      use best efforts to effect the Closing on or before October 31,
    2010;

	 	 	 	 
	 	(s) 	
      “Consideration Shares” means, collectively, the Exchange
      Shares, the Class B Shares and the Class C Shares to be issued to the
      Accepting Shareholders in accordance with the terms of this
    Agreement;

	 	 	 	 
	 	(t) 	
      “Contracts” means all contracts, agreements, options,
      leases, licences, sales and purchase orders, commitments and other
      instruments of any kind, whether written or oral, to which the Target or
      the Purchaser, as applicable, is a party on the Closing Date;

	 	 	 	 
	 	(u) 	
      “Copyrights” has the meaning set forth in Section
      3.21(a)(iii);

	 	 	 	 
	 	(v) 	
      “Damages” means all demands, claims, actions, causes of
      action, assessments, Losses, damages, costs, expenses, Liabilities,
      judgments, awards, fines, sanctions, penalties, charges and amounts paid
      in settlement (net of insurance proceeds actually received), including:
      (i) interest on cash disbursements in respect of any of the foregoing; and
      (ii) reasonable costs, fees and expenses of attorneys, accountants and
      other agents of, or other Persons retained by, a Person;

	 	 	 	 
	 	(w) 	
      “Employee” means any current, former or retired employee,
      officer or director of the Target or the Purchaser, as
  applicable;

- 4 -

	 	(x) 	
      “Employee Agreement” means each employment severance,
      consulting or similar agreement or Contract between the Target or the
      Purchaser, as applicable, and any Employee;

	 	 	 
	 	(y) 	
      “Employee Plan” means any plan, program, policy,
      practice, Contract, agreement or other arrangement providing for bonuses,
      severance, termination pay, performance awards, stock or stock-related
      awards, fringe benefits or other Employee benefits of any kind, whether
      formal or informal, funded or unfunded, and whether or not legally
      binding, and pursuant to which the Target or the Purchaser, as applicable,
      has or may have any Liability, contingent or otherwise,

	 	 	 
	 	(z) 	
      “Encumbrance” means any Lien, claim, charge, pledge,
      hypothecation, security interest, mortgage, title retention agreement,
      option or encumbrance of any nature or kind whatsoever, other than: (i)
      statutory Liens for Taxes not yet due and payable; and (ii) such
      imperfections of title, easements and encumbrances, if any, that will not
      result in a Material Adverse Effect;

	 	 	 
	 	(aa) 	
      “Exchange Act” means the United States Securities
      Exchange Act of 1934, as amended;

	 	 	 
	 	(bb) 	
      “Exchange Shares” means the Purchaser Shares to be issued
      to the Accepting Shareholders at a ratio such that, in the event that the
      Purchaser acquires all of the issued and outstanding Shares (exclusive of
      any Shares owned by the Purchaser), the Purchaser will issue an aggregate
      of 22,000,000 Exchange Shares to the Accepting Shareholders;

	 	 	 
	 	(cc) 	
      “GAAP” means, until January 1, 2011, Canadian generally
      accepted accounting principles, applied on a basis consistent with prior
      years, and on and after January 1, 2011, International Financial Reporting
      Standards;

	 	 	 
	 	(dd) 	
      “Governmental Authorization” means any: (a) permit,
      license, certificate, franchise, permission, variance, clearance,
      registration, qualification or authorization issued, granted, given or
      otherwise made available by or under the authority of any Governmental
      Body or pursuant to any Legal Requirement; or (b) right under any Contract
      with any Governmental Body;

	 	 	 
	 	(ee) 	
      “Governmental Body” means any: (i) nation, state, county,
      city, town, village, district, or other jurisdiction of any nature; (ii)
      federal, state, provincial, local, municipal, foreign, or other
      government; (iii) governmental or quasi-governmental authority of any
      nature (including any governmental agency, branch, department, official,
      or entity and any court or other tribunal); (iv) multi-national
      organization or body; or (v) body exercising, or entitled to exercise, any
      administrative, executive, judicial, legislative, police, regulatory, or
      taxing authority or power of any nature;

	 	 	 
	 	(ff) 	
      “Indebtedness” means all obligations, contingent (to the
      extent required to be reflected in financial statements prepared in
      accordance with GAAP) and otherwise, which in accordance with GAAP should
      be classified on the obligor’s balance sheet as Liabilities, including
      without limitation, in any event and whether or not so classified: (a) all
      debt and similar monetary obligations, whether direct or indirect; (b) all
      Liabilities secured by any mortgage, pledge, security interest, Lien,
      charge or other Encumbrance existing on property owned or acquired subject
      thereto, whether or not the liability secured thereby shall have been
      assumed; (c) all agreements of guarantee, support, indemnification,
      assumption or endorsement and other contingent obligations, whether direct
      or indirect, in respect of Indebtedness or performance of others,
      including any obligation to supply funds to, or in any manner to invest in, directly or
      indirectly, the debtor, to purchase Indebtedness, or to assure the owner
      of Indebtedness against loss, through an agreement to purchase goods,
      supplies or services for the purpose of enabling the debtor to make
      payment of the Indebtedness held by such owner or otherwise; (d)
      obligations to reimburse issuers of any letters of credit; and (e) capital
  leases;

- 5 -

	 	(gg) 	
      “Intellectual Property Assets” has the meaning set forth
      in Section 3.21(a);

	 	 	 
	 	(hh) 	
      “International Jurisdiction” means a country other than
      Canada or the United States;

	 	 	 
	 	(ii) 	
      “Investment One” has the meaning set forth in Section
      10.2(a);

	 	 	 
	 	(jj) 	
      “Investment Two” has the meaning set forth in Section
      10.2(b);

	 	 	 
	 	(kk) 	
      “Investment Three” has the meaning set forth in Section
      10.2(b);

	 	 	 
	 	(ll) 	
      “Legal Requirement” means any federal, state, provincial,
      local, municipal, foreign, international, multinational, or other
      administrative order, constitution, law, ordinance, principle of common
      law, regulation, statute or treaty;

	 	 	 
	 	(mm) 	
      “Liabilities” means, with respect to any Person, any
      liability or obligation of such Person of any kind, character or
      description, whether known or unknown, absolute or contingent, accrued or
      unaccrued, liquidated or unliquidated, secured or unsecured, joint or
      several, due or to become due, vested or unvested, determined,
      determinable or otherwise, whether or not the same is required to be
      accrued on the financial statements of such Person;

	 	 	 
	 	(nn) 	
      “Lien” means, with respect to any asset, any mortgage,
      assignment, trust or deemed trust (whether contractual, statutory or
      otherwise arising), title defect or objection, lien, pledge, charge,
      security interest, hypothecation, restriction, Encumbrance or charge of
      any kind in respect of such asset;

	 	 	 
	 	(oo) 	
      “Losses” means any and all demands, claims, actions or
      causes of action, assessments, losses, Damages, Liabilities, costs and
      expenses, including, without limitation, interest, penalties, fines and
      reasonable attorneys, accountants and other professional fees and
      expenses, but excluding any indirect, consequential or punitive Damages
      suffered by the Purchaser, the Target, or the Accepting Shareholders,
      including Damages for lost profits or lost business
  opportunities;

	 	 	 
	 	(pp) 	
      “Marks” has the meaning set forth in Section
      3.21(a)(i);

	 	 	 
	 	(qq) 	
      “Material Adverse Change” means, in respect of the
      Purchaser or the Target, any one or more changes, events or occurrences
      which may have a Material Adverse Effect, and “Material Adverse Effect”
      means, in respect of the Purchaser or the Target, any state of facts
      which, in any case, either individually or in the aggregate are, or would
      reasonably be expected to be, material and adverse to the Business, assets
      or financial condition of the Purchaser or the Target, as applicable,
      provided that a Material Adverse Change or Material Adverse Effect shall
      not include any change or effect (whether alone or in combination with any
      other effect), directly or indirectly, arising out of, relating to,
      resulting from or reasonably attributable to: (i) the announcement of this
      Agreement or the pending completion of the Transaction; (ii) changes in
      the economy generally; (ii)changes in the capital markets generally; (iii) changes
      in GAAP; or (iv) any matter that has been disclosed to the public or the
      other parties prior to the date of this Agreement;

- 6 -

	 	(rr) 	
      “Material Contracts” means those subsisting Contracts
      entered into by the Target or the Purchaser, as applicable, by which the
      Target or the Purchaser, as applicable, is bound or to which it or its
      respective assets are subject which have total payment obligations on the
      part of the Target or Purchaser, as applicable, which exceed $5,000 or are
      for a term of or in excess of one (1) year;

	 	 	 
	 	(ss) 	
      “Material Interest” has the meaning set forth in Section
      1.1(jjj);

	 	 	 
	 	(tt) 	
      “Non-Accepting Shareholder” means a Shareholder who has
      not executed this Agreement on or before the Closing Date;

	 	 	 
	 	(uu) 	
      “Non-U.S. Certificate” has the meaning set forth in
      Section 2.6(a);

	 	 	 
	 	(vv) 	
      “Order” means any award, decision, injunction, judgment,
      order, ruling, subpoena or verdict entered, issued, made or rendered by
      any Governmental Body or by any arbitrator;

	 	 	 
	 	(ww) 	
      “Patents” has the meaning set forth in Section
      3.21(a)(ii);

	 	 	 
	 	(xx) 	
      “Person” includes an individual, corporation, body
      corporate, partnership, joint venture, association, trust or
      unincorporated organization or any trustee, executor, administrator or
      other legal representative thereof;

	 	 	 
	 	(yy) 	
      “Pooling Agreement” has the meaning set forth in Section
      10.4;

	 	 	 
	 	(zz) 	
      “Private Placement” means the private placements of
      Purchaser Shares to be conducted by the Purchaser, at a price of $0.05 per
      Purchaser Share and at a price of $0.50 per Purchaser Share, which
      proceeds will be held in escrow prior to the Closing and released from
      escrow at Closing;

	 	 	 
	 	(aaa) 	
      “Proceeding” means any action, suit, litigation,
      arbitration, audit, proceeding (including any civil, criminal,
      administrative, investigative or appellate proceeding), hearing, inquiry,
      audit, examination or investigation commenced, brought, conducted or heard
      by or before, or otherwise involving, any court or other Governmental Body
      or any arbitrator or arbitration panel;

	 	 	 
	 	(bbb) 	
      “Purchaser Accounting Date” means June 30,
2010;

	 	 	 
	 	(ccc) 	
      “Purchaser Disclosure Statement” means the disclosure
      statement of the Purchaser to be signed and dated by the Purchaser and
      delivered by the Purchaser to the Target at the Closing;

	 	 	 
	 	(ddd) 	
      “Purchaser Financial Statements” means the audited annual
      financial statements of the Purchaser for the period commencing on January
      1, 2009 and ending on December 31, 2009 and the unaudited interim
      financial statements of the Purchaser for the period ending on the
      Purchaser Accounting Date, and comparative periods thereto, including an
      audited balance sheet of the Purchaser as of December 31, 2009 and the
      comparative period ended December 31, 2008, and an unaudited balance sheet
      of the Purchaser as of the Purchaser Accounting Date and the comparative period
      ended June 30, 2009, together with related statements of income, cash
      flows, and changes in shareholders’ equity for the fiscal years and
      interim periods then ended, all prepared in accordance with
GAAP;

- 7 -

	 	(eee) 	
      “Purchaser Options” means options to purchase Purchaser
      Shares to be issued to the holders of the Target Options on the Closing
      Date;

	 	 	 
	 	(fff) 	
      “Purchaser Public Documents” has the meaning set forth in
      Section 5.7;

	 	 	 
	 	(ggg) 	
      “Purchaser Shares” means the common shares in the capital
      stock of the Purchaser;

	 	 	 
	 	(hhh) 	
      “Purchaser’s Solicitors” means the law firm of Clark
      Wilson LLP;

	 	 	 
	 	(iii) 	
      “Regulation S” means Regulation S promulgated under the
      Securities Act;

	 	 	 
	 	(jjj) 	
      “Related Party” means, with respect to a particular
      individual:

	 	(i) 	
      each other member of such individual’s Family,

	 	 	 
	 	(ii) 	
      any Person that is directly or indirectly controlled by
      such individual or one or more members of such individual’s
  Family,

	 	 	 
	 	(iii) 	
      any Person in which such individual or members of such
      individual’s Family hold (individually or in the aggregate) a Material
      Interest, or

	 	 	 
	 	(iv) 	
      any Person with respect to which such individual or one
      or more members of such individual’s Family serves as a director, officer,
      partner, executor or trustee (or in a similar capacity),
  and

with respect to a specified Person
other than an individual:

	 	(i) 	
      any Person that directly or indirectly controls, is
      directly or indirectly controlled by, or is directly or indirectly under
      common control with such specified Person,

	 	 	 
	 	(ii) 	
      any Person that holds a Material Interest in such
      specified Person,

	 	 	 
	 	(iii) 	
      each Person that serves as a director, officer, partner,
      executor or trustee of such specified Person (or in a similar
      capacity),

	 	 	 
	 	(iv) 	
      any Person in which such specified Person holds a
      Material Interest,

	 	 	 
	 	(v) 	
      any Person with respect to which such specified Person
      serves as a general partner or a trustee (or in a similar capacity),
      and

	 	 	 
	 	(vi) 	
      any Related Person of any individual described in clause
      (ii) or (iii).

For purposes of this definition, (a)
the “Family” of an individual includes (i) the individual; (ii) the individual’s
spouse; (iii) any other natural person who is related to the individual or the
individual’s spouse within the second degree; and (iv) any other natural person
who resides with such individual, and (b) “Material Interest” means direct or
indirect beneficial ownership (as defined in Rule 13d-3 under the Exchange Act)
of voting securities or other voting interests representing at least twenty
percent (20%) of the outstanding voting power of a Person or equity
      securities or other equity interests representing at least twenty percent
      (20%) of the outstanding equity securities or equity interests in a
Person;

- 8 -

	 	(kkk) 	
      “SEC” means the United States Securities and Exchange
      Commission;

	 	 	 
	 	(lll) 	
      “Securities Act” means the United States Securities
      Act of 1933, as amended;

	 	 	 
	 	(mmm) 	
      “Share Exchange” means the issuance by the Purchaser of
      Consideration Shares to the Accepting Shareholders in exchange for the
      acquisition by the Purchaser of the Shares held by the Accepting
      Shareholders pursuant to the terms of this Agreement;

	 	 	 
	 	(nnn) 	
      “Shareholder” means a holder of Shares as of the date of
      this Agreement and as of the Closing Date;

	 	 	 
	 	(ooo) 	
      “Shareholder Class C Shares” means the Class C Shares to
      be issued to the Accepting Shareholders at a ratio such that, in the event
      that the Purchaser acquires all of the issued and outstanding Shares
      (exclusive of any Shares owned by the Purchaser), the Purchaser will issue
      an aggregate of 11,000,000 Class C Shares to the Accepting
      Shareholders;

	 	 	 
	 	(ppp) 	
      “Shares” means the 9,384,800 common shares in the capital
      of the Target, being all of the issued and outstanding shares in the
      capital of the Target as of the date of this Agreement;

	 	 	 
	 	(qqq) 	
      “Target Accounting Date” means August 31, 2010;

	 	 	 
	 	(rrr) 	
      “Target Disclosure Statement” means the disclosure
      statement of the Target to be signed and dated by the Target and delivered
      by the Target to the Purchaser at the Closing;

	 	 	 
	 	(sss) 	
      “Target Financial Statements” means audited financial
      statements for the Target for the fiscal year ended August 31, 2010, and
      the comparative period thereto, including an audited balance sheet of the
      Target as of August 31, 2010, and the comparative period ended August 31,
      2009, together with related statements of income, cash flows, and changes
      in shareholders’ equity for the fiscal years then ended, all prepared in
      accordance with GAAP and audited by an independent auditor registered with
      the Canadian Public Accounting Board and the United States Public Company
      Accounting Oversight Board;

	 	 	 
	 	(ttt) 	
      “Target Options” means all of the options to purchase
      common shares of the Target that are outstanding on the Closing Date,
      which have been issued to the persons and in the amounts set out in
      Schedule H to this Agreement;

	 	 	 
	 	(uuu) 	
      “Taxes” means all taxes, assessments, charges, dues,
      duties, rates, fees, imposts, levies and similar charges of any kind,
      lawfully levied, assessed or imposed by any Governmental Body, including
      all income taxes (including any tax on or based upon net income, gross
      income, income as specially defined, earnings, profits or selected items
      of income, earnings or profits) and all capital taxes, gross receipts
      taxes, environmental taxes and charges, sales taxes, use taxes, ad valorem
      taxes, value added taxes, subsoil use or extraction taxes and ownership
      fees, transfer taxes (including, without limitation, taxes relating to the
      transfer of interests in real property or entities holding interests
      therein), franchise taxes, license taxes, withholding taxes, health taxes,
      payroll taxes, employment taxes, Canada or Quebec Pension Plan premiums,
      excise, severance, social security, workers’ compensation, employment
      insurance or compensation taxes, mandatory pension and other social fund taxes or premiums, stamp
      taxes, occupation taxes, premium taxes, property taxes, windfall profits
      taxes, alternative or add-on minimum taxes, goods and services taxes,
      harmonized sales tax, customs duties or other taxes, fees, imports,
      assessments or charges of any kind whatsoever, and any instalments in
      respect thereof, together with any interest and any penalties or
      additional amounts imposed by any Governmental Body (domestic or foreign)
      on such entity, and any interest, penalties, additional taxes and
      additions to tax imposed with respect to the foregoing and whether
      disputed or not;

- 9 -

	 	(vvv) 	
      “Tax Returns” means all returns, schedules, elections,
      declarations, reports, information returns and statements required to be
      filed with any taxing authority relating to Taxes;

	 	 	 
	 	(www) 	
      “Trade Secrets” has the meaning set forth in Section
      3.21(a)(iv);

	 	 	 
	 	(xxx) 	
      “Transaction” means the Share Exchange and all related
      transactions incidental to effecting the Transaction as contemplated by
      this Agreement;

	 	 	 
	 	(yyy) 	
      “Transaction Documents” means this Agreement and any
      other documents contemplated by this Agreement to be signed by the Target,
      the Purchaser or the Accepting Shareholders, as applicable, that are
      necessary in order for the parties to perform their respective obligations
      hereunder and to consummate the Transaction;

	 	 	 
	 	(zzz) 	
      “Tryton” means Tryton Financial Corp.;

	 	 	 
	 	(aaaa) 	
      “Tryton Shares” means the 1,000,000 Class C Shares to be
      sold to Tryton at Closing at a price of $0.0001 per Class C
  Share;

	 	 	 
	 	(bbbb) 	
      “Units” means the up to 9,384,800 units of the Purchaser
      to be issued to the Accepting Shareholders on the Closing Date, or,
      subsequent to the Closing Date, to be issued to Non-Accepting Shareholders
      upon such Non-Accepting Shareholders agreeing to tender their Shares to
      the Purchaser, with each Unit consisting of 2.344216179 Exchange Shares,
      1.17210809 Class B Shares and 1.17210809 Shareholder Class C
  Shares;

	 	 	 
	 	(cccc) 	
      “U.S. Certificate” has the meaning set forth in Section
      2.6(b); and

	 	 	 
	 	(dddd) 	
      “U.S. Person” has the meaning set out in Regulation S,
      promulgated under the Securities Act.

1.2 Schedules

The following are the schedules to this Agreement:

	Schedule A 	— 	List of Shareholders 
	Schedule B 	— 	Certificate of Non-U.S. Shareholder 
	Schedule C 	— 	Certificate of U.S. Shareholder 
	Schedule D 	— 	Rights and Restrictions of Class B Shares

	Schedule E 	— 	Rights and Restrictions of Class C Shares

	Schedule F 	— 	Certificate of Shareholder 
	Schedule G 	— 	Form of Pooling Agreement

- 10 -

	Schedule H 	— 	List of Target Options 
	Schedule I 	— 	Form of Stock Option Plan

1.3     Interpretation

For the purposes of this Agreement, except as otherwise
expressly provided herein:

	 	(a) 	
      all references in this Agreement to a designated Article,
      Section, subsection, paragraph or other subdivision, or to a Schedule, is
      to the designated Article, section, subsection, paragraph or other
      subdivision of, or Schedule to, this Agreement unless otherwise
      specifically stated;

	 	 	 
	 	(b) 	
      the words “herein”, “hereof” and “hereunder” and other
      words of similar import refer to this Agreement as a whole and not to any
      particular Article, clause, subclause or other subdivision or
    Schedule;

	 	 	 
	 	(c) 	
      the singular of any term includes the plural and vice
      versa and the use of any term is equally applicable to any gender and
      where applicable to a body corporate;

	 	 	 
	 	(d) 	
      the word “or” is not exclusive and the word “including”
      is not limiting (whether or not non-limiting language such as “without
      limitation” or “but not limited to” or other words of similar import are
      used with reference thereto);

	 	 	 
	 	(e) 	
      all accounting terms not otherwise defined in this
      Agreement have the meanings assigned to them in accordance with GAAP,
      applied on a consistent basis with prior years;

	 	 	 
	 	(f) 	
      except as otherwise provided, any reference to a statute
      includes and is a reference to such statute and to the regulations made
      pursuant thereto with all amendments made thereto and in force from time
      to time, and to any statute or regulations that may be passed which have
      the effect of supplementing or superseding such statute or such
      regulations;

	 	 	 
	 	(g) 	
      where the phrase “to the best of the knowledge of” or
      phrases of similar import are used in this Agreement, it will be a
      requirement that the Person in respect of whom the phrase is used will
      have made such due enquiries as are reasonably necessary to enable such
      Person to make the statement or disclosure;

	 	 	 
	 	(h) 	
      the headings to the Articles and sections of this
      Agreement are inserted for convenience of reference only and do not form a
      part of this Agreement and are not intended to interpret, define or limit
      the scope, extent or intent of this Agreement or any provision
    hereof;

	 	 	 
	 	(i) 	
      any reference to a corporate entity includes and is also
      a reference to any corporate entity that is a successor to such
    entity;

	 	 	 
	 	(j) 	
      the parties acknowledge that this Agreement is the
      product of arm’s length negotiation between the parties, each having
      obtained its own independent legal advice, and that this Agreement will be
      construed neither strictly for nor strictly against any party irrespective
      of which party was responsible for drafting this
  Agreement;

- 11 -

	 	(k) 	
      the representations, warranties, covenants and agreements
      contained in this Agreement will not merge at the Closing and will
      continue in full force and effect from and after the Closing Date for the
      applicable period set out in this Agreement; and

	 	 	 
	 	(l) 	
      unless otherwise specifically noted, all references to
      “$” or sums of money in this Agreement are expressed in United States
      dollars ($). If it is necessary to convert money from another currency to
      United States dollars, such money will be converted using the exchange
      rates in effect at the date of payment.

ARTICLE 2
 SHARE EXCHANGE

2.1 Share Exchange

Subject to the terms and conditions of this Agreement, the
Purchaser agrees to purchase the Shares from the Accepting Shareholders and each
of the Accepting Shareholders irrevocably agrees to sell, assign and transfer
their respective Shares to the Purchaser, free and clear of all Encumbrances, on
the terms and conditions herein set forth, in consideration for the issuance by
the Purchaser to the Accepting Shareholders of one (1) Unit for each Share
tendered by the Accepting Shareholders.

2.2 Consideration

As consideration for the Shares to be acquired by the Purchaser
pursuant to the Share Exchange, the Purchaser shall allot and issue the Units to
the Accepting Shareholders in the amount set out opposite each Accepting
Shareholder’s name in Schedule A to this Agreement, as fully paid and
non-assessable.

2.3 Acquisition of Shares of Non-Accepting Shareholders
Subsequent to the Closing Date

Subject to the terms and conditions of this Agreement, until
eighteen (18) months after the Closing Date (the “Conversion Deadline”), the
Purchaser agrees to purchase the Shares from the Non-Accepting Shareholders upon
delivery by each of the Non-Accepting Shareholders of a shareholder certificate
in the form attached hereto as Schedule F. On the Conversion Deadline, the
Purchaser will provide written notice to the Non-Accepting Shareholders at the
addresses set forth opposite their respective names in Schedule A to this
Agreement (or such other address as a Non-Accepting Shareholder may advise the
Purchaser of, in writing) that they have thirty (30) days to tender their Shares
to the Purchaser for purchase by the Purchaser, after which date the Purchaser
will no longer have any obligation to purchase the Shares. The Purchaser will
issue one (1) Unit for each Share tendered by the Non-Accepting Shareholders in
accordance with this Section 2.3, as fully paid and non-assessable.

2.4 Fractional Consideration Shares 

Notwithstanding any other provision of this Agreement, no
fractional Consideration Shares will be issued in connection with the Share
Exchange. In lieu of any such fractional Consideration Shares, any Accepting
Shareholder entitled to receive a fractional amount of Consideration Shares will
be entitled to have such fraction rounded up to the nearest whole number of
applicable Consideration Shares and will receive from the Purchaser a
certificate representing same.

- 12 -

2.5 Resale Restrictions

The Accepting Shareholders agree to abide by all applicable
resale restrictions and hold periods imposed by Applicable Securities Laws.

2.6 Exemptions

The Accepting Shareholders acknowledge that the Purchaser has
advised each Accepting Shareholder that it is issuing the Consideration Shares
to such Accepting Shareholder under exemptions from the prospectus and/or
registration requirements of Applicable Securities Laws and, as a consequence,
certain protections, rights and remedies provided by Applicable Securities Laws,
including statutory rights of rescission or damages, will not be available to
such Accepting Shareholder. To evidence each Accepting Shareholder’s eligibility
for such exemptions, each Accepting Shareholder agrees to deliver:

	 	(a) 	
      if the Accepting Shareholder is not a U.S. Person, a
      fully completed and executed Certificate of Non-U.S. Shareholder in the
      form attached hereto as Schedule B (the “Non- U.S. Certificate”);
  or

	 	 	 
	 	(b) 	
      if the Accepting Shareholder is a U.S. Person, a fully
      completed and executed Certificate of U.S. Shareholder in the form
      attached hereto as Schedule C (the “U.S.
Certificate”)

to the Purchaser, and agrees that the representations and
warranties set out in the Non-U.S. Certificate or U.S. Certificate, as
applicable, as executed by such Accepting Shareholder will be true and complete
on the Closing Date.

ARTICLE 3
REPRESENTATIONS AND WARRANTIES
OF THE TARGET 

As of the Closing Date, and except as set forth in the Target
Financial Statements or the Target Disclosure Statement, or as otherwise
provided for in any certificate or other instrument delivered pursuant to this
Agreement, the Target makes the following representations to the Purchaser and
acknowledges and agrees that the Purchaser is relying upon such representations
and warranties, each of which is qualified in its entirety by the matters
described in the Target Disclosure Statement, in connection with the execution,
delivery and performance of this Agreement:

3.1 Organization and Good Standing

The Target is a company limited by shares duly organized,
validly existing and in good standing under the laws of Canada, with full
corporate power, authority and capacity to conduct its Business as presently
conducted, to own or use the properties and assets that it purports to own or
use, and to perform all of its obligations under any applicable Contracts. The
Target is duly qualified to do business as a foreign corporation and is in good
standing under the laws of each other jurisdiction in which the failure to be so
registered would be likely to result in a Material Adverse Effect on the
Target.

3.2 Capitalization

	(a) 	
      The entire authorized and issued capital stock and other
      equity securities of the Target are as set out in the Target Disclosure
      Statement. All of the issued and outstanding Shares and other securities
      of the Target are owned of record and beneficially by the Shareholders,
      free and clear of all Encumbrances. All of the outstanding equity
      securities of the Target have been duly authorized and validly issued and
      are fully paid and non-assessable. None of the
  outstanding equity securities or other securities of the Target, if
      any, were issued in violation of any Applicable Securities Laws or any
      other Legal Requirement. The Target does not own, or have any Contract to
      acquire, any equity securities or other securities of any Person or any
      direct or indirect equity or ownership interest in any other
  business.

- 13 -

	(b) 	
      The Shareholders own and have good marketable title to
      the Shares, as the legal and beneficial owners thereof, free of all
      Encumbrances.

3.3 Absence of Rights to Acquire Securities

Other than as set out in this Agreement or as set forth in the
Target Disclosure Statement, no Person has any agreement, right or option,
present or future, contingent, absolute or capable of becoming an agreement,
right or option or which with the passage of time or the occurrence of any event
could become an agreement, right or option:

	 	(a) 	
      to require the Target to issue any further or other
      shares in its capital or any other security convertible or exchangeable
      into shares in its capital or to convert or exchange any securities into
      or for shares in the capital of the Target;

	 	 	 
	 	(b) 	
      for the issue or allotment of any unissued shares in the
      capital of the Target; or

	 	 	 
	 	(c) 	
      to require the Target to purchase, redeem or otherwise
      acquire any of the issued and outstanding Shares.

3.4 Authority

The Target has all requisite corporate power and authority to
execute and deliver the Transaction Documents to be signed by the Target and to
perform its respective obligations hereunder and to consummate the Transaction.
The execution and delivery of each of the Transaction Documents by the Target
and the consummation of the Transaction have been duly authorized by the board
of directors of the Target. No other corporate or shareholder proceedings on the
part of the Target are necessary to authorize such Transaction Documents or to
consummate the Transaction. This Agreement has been, and the other Transaction
Documents when executed and delivered by the Target as contemplated by this
Agreement will be, duly executed and delivered by the Target and this Agreement
is, and the other Transaction Documents when executed and delivered by the
Target as contemplated hereby will be, valid and binding obligations of the
Target, enforceable in accordance with their respective terms except:

	 	(a) 	
      as limited by applicable bankruptcy, insolvency,
      reorganization, moratorium and other laws of general application affecting
      enforcement of creditors’ rights generally;

	 	 	 
	 	(b) 	
      as limited by laws relating to the availability of
      specific performance, injunctive relief or other equitable remedies;
      and

	 	 	 
	 	(c) 	
      as limited by public policy.

3.5 No Conflict

Except as set out in the Target Disclosure Statement, neither
the execution and delivery of this Agreement nor the consummation or performance
of the Transaction will, directly or indirectly (with or without notice or lapse
of time or both):

- 14 -

	 	(a) 	
      contravene, conflict with, or result in a violation of
      any provision of the Charter Documents of the Target, or any resolution
      adopted by the board of directors of the Target or the
  Shareholders;

	 	 	 
	 	(b) 	
      contravene, conflict with, or result in a violation of,
      or give any Governmental Body or other Person the right to challenge the
      Transaction or to exercise any remedy or obtain any relief under, any
      Legal Requirement or any Order to which the Target, or any of its
      respective assets, may be subject;

	 	 	 
	 	(c) 	
      contravene, conflict with, or result in a violation of
      any of the terms or requirements of, or give any Governmental Body the
      right to revoke, withdraw, suspend, cancel, terminate or modify, any
      Governmental Authorization that is held by the Target or that otherwise
      relates to the Business of, or any of the assets owned or used by, the
      Target;

	 	 	 
	 	(d) 	
      cause the Purchaser or the Target to become subject to,
      or to become liable for the payment of, any Tax;

	 	 	 
	 	(e) 	
      cause any of the assets owned by the Target to be
      reassessed or revalued by any taxing authority or other Governmental
      Body;

	 	 	 
	 	(f) 	
      contravene, conflict with, or result in a violation or
      breach of any provision of, or give any Person the right to declare a
      default or exercise any remedy under, or to accelerate the maturity or
      performance of, or to cancel, terminate, or modify, any Material
      Contract;

	 	 	 
	 	(g) 	
      result in the imposition or creation of any Encumbrance
      upon or with respect to any of the assets owned or used by the Target;
      or

	 	 	 
	 	(h) 	
      require the Target to obtain any consent from any Person
      in connection with the execution and delivery of this Agreement or the
      consummation or performance of the Transaction.

3.6 Financial Statements

	(a) 	
      The Target has, or will prior to Closing have, delivered
      the Target Financial Statements to the Purchaser.

	 	 	 
	(b) 	
      The Target Financial Statements:

	 	 	 
		(i) 	
      are in accordance with the books and records of the
      Target;

	 	 	 
		(ii) 	
      present fairly the financial condition of the Target as
      of the respective dates indicated and the results of operations for such
      periods; and

	 	 	 
		(iii) 	
      have been prepared in accordance with GAAP and reflect
      the consistent application of GAAP throughout the periods
  involved.

	 	 	 
	(c) 	
      All material financial transactions of the Target have
      been accurately recorded in the books and records of the Target and such
      books and records fairly present the financial position and the affairs of
      the Target.

- 15 -

	(d) 	
      Other than the costs and expenses incurred in connection
      with the negotiation and consummation of the Transaction, the Target has
      no material Liabilities or obligations, net of cash, either direct or
      indirect, matured or unmatured, absolute, contingent or otherwise, that
      exceed $5,000, which:

	 	 	 
		(i) 	
      are not set forth in the Target Financial Statements, the
      Target Disclosure Statement, or have not heretofore been paid or
      discharged;

	 	 	 
		(ii) 	
      did not arise in the regular and ordinary course of
      business under any Contract specifically disclosed in the Target
      Disclosure Statement; or

	 	 	 
		(iii) 	
      have not been incurred in amounts and pursuant to
      practices consistent with past business practice, in or as a result of the
      regular and ordinary course of its business since the Target Accounting
      Date.

	(e) 	
      Except to the extent reflected or reserved against in the
      Target Financial Statements or incurred subsequent to the Target
      Accounting Date in the ordinary and usual course of the business of the
      Target, the Target does not have any outstanding Indebtedness or any
      Liabilities or obligations (whether accrued, absolute, contingent or
      otherwise), and any Liabilities or obligations incurred in the ordinary
      and usual course of business since the Target Accounting Date have not had
      a Material Adverse Effect on the Target.

	 	 	 
	(f) 	
      Since the Target Accounting Date, there have not
    been:

	 	 	 
		(i) 	
      any changes in the condition or operations of the
      Business, assets or financial affairs of the Target which have caused,
      individually or in the aggregate, a Material Adverse Effect on the Target;
      or

	 	 	 
		(ii) 	
      any damage, destruction or loss, labour trouble or other
      event, development or condition, of any character (whether or not covered
      by insurance) which is not generally known or which has not been disclosed
      to the Purchaser, which has or may cause a Material Adverse Effect on the
      Target.

	(g) 	
      Since the Target Accounting Date, and other than as
      contemplated by this Agreement or as disclosed in the Target Disclosure
      Statement, the Target has not:

	 	 	 
		(i) 	
      transferred, assigned, sold or otherwise disposed of any
      of the assets shown or reflected in the Target Financial Statements or
      cancelled any debts or claims except in each case in the ordinary and
      usual course of business;

	 	 	 
		(ii) 	
      incurred or assumed any obligation or Liability (fixed or
      contingent), except unsecured current obligations and Liabilities incurred
      in the ordinary and usual course of business;

	 	 	 
		(iii) 	
      issued or sold any shares in its capital or any warrants,
      bonds, debentures or other securities or issued, granted or delivered any
      right, option or other commitment for the issue of any such or other
      securities;

	 	 	 
		(iv) 	
      discharged or satisfied any Encumbrances, or paid any
      obligation or Liability (fixed or contingent), other than current
      Liabilities or the current portion of long term Liabilities disclosed in
      the Target Financial Statements or current Liabilities incurred since the
      date thereof in the ordinary and usual course of
  business;

- 16 -

	 	(v) 	
      declared, made, or committed itself to make any payment
      of any dividend or other distribution in respect of any of the Shares, nor
      has it purchased, redeemed, subdivided, consolidated, or reclassified any
      of the Shares;

	 	 	 
	 	(vi) 	
      made any gift of money or of any assets to any
    Person;

	 	 	 
	 	(vii) 	
      purchased or sold any assets except in the ordinary and
      usual course of business;

	 	 	 
	 	(viii) 	
      amended or changed or taken any action to amend or change
      its Charter Documents;

	 	 	 
	 	(ix) 	
      made payments of any kind to or on behalf of either a
      Shareholder or any Related Parties of a Shareholder, nor under any
      management agreement save and except Business related expenses and
      salaries in the ordinary and usual course of business and at the regular
      rates payable to them;

	 	 	 
	 	(x) 	
      created, incurred, assumed or guaranteed any Indebtedness
      for money borrowed, or mortgaged, pledged or subjected any of the material
      assets or properties of the Target to any mortgage, Lien, pledge, security
      interest, Contract or other Encumbrance of any nature
whatsoever;

	 	 	 
	 	(xi) 	
      made or suffered any amendment or termination of any
      Material Contract, or cancelled, modified or waived any substantial debts
      or claims held by it or waived any rights of substantial value, other than
      in the ordinary course of business;

	 	 	 
	 	(xii) 	
      suffered any damage, destruction or loss, whether or not
      covered by insurance, that has had or may be reasonably expected to have a
      Material Adverse Effect on the Target;

	 	 	 
	 	(xiii) 	
      other than in the ordinary course of business, increased
      the salaries or other compensation of, or made any advance (excluding
      advances for ordinary and necessary business expenses) or loan to, any of
      its Employees or directors or made any increase in, or any addition to,
      other benefits to which any of its Employees or directors may be
      entitled;

	 	 	 
	 	(xiv) 	
      adopted, or increased the payments to or benefits under,
      any Employee Plan for or with any Employees of the Target; or

	 	 	 
	 	(xv) 	
      authorized or agreed or otherwise have become committed
      to do any of the foregoing.

	(h) 	
      The Target has no guarantees, indemnities or contingent
      or indirect obligations with respect to the Liabilities or obligations of
      any other Person including any obligation to service the debt of or
      otherwise acquire an obligation of another Person or to supply funds to,
      or otherwise maintain any working capital or other balance sheet condition
      of any other Person.

	 	 
	(i) 	
      The Target is not a party to, bound by or subject to any
      indenture, mortgage, lease, agreement, license, permit, authorization,
      certification, instrument, statute, regulation, Order, judgment, decree or
      law that would be violated or breached by, or under which default would
      occur or which could be terminated, cancelled or accelerated, in whole or
      in part, as a result of the execution and delivery of this Agreement or
      the consummation of the Transaction.

3.7 Subsidiaries

The Target has no subsidiaries.

- 17 -

3.8 Books and Records

The books of account, minute books, stock record books, and
other records of the Target are complete and correct and have been maintained in
accordance with sound business practices, including the maintenance of an
adequate system of internal controls. The minute books of the Target contain
accurate and complete records of all meetings held, and corporate action taken
by, the respective shareholders, board of directors, and committees of the board
of directors of the Target, and no meeting of any such shareholders, board of
directors, or committee has been held for which minutes have not been prepared
and are not contained in such minute books. At the Closing, all of those books
and records will be in the possession of the Target.

3.9 Title to Personal Property and Encumbrances

The Target possesses, and has good and marketable title to all
personal property necessary for the continued operation of the Business as
presently conducted and as represented to the Purchaser, including all assets
reflected in the Target Financial Statements or acquired since the Target
Accounting Date. All such property is in reasonably good operating condition
(normal wear and tear excepted), and is reasonably fit for the purposes for
which such property is presently used. All material equipment, furniture,
fixtures and other tangible personal property and assets owned or leased by the
Target are owned by the Target free and clear of all Encumbrances, except as
disclosed in the Target Disclosure Statement.

3.10 Title to Real Property and Encumbrances

The Target possesses, and has good and marketable title to all
real property and leaseholds or other such interests necessary for the continued
operation of the Business as presently conducted and as represented to the
Purchaser, including all assets reflected in the Target Financial Statements or
acquired since the Accounting Date. All such property is in reasonably good
operating condition (normal wear and tear excepted), and is reasonably fit for
the purposes for which such property is presently used. All material real
property and leaseholds are owned or leased by the Target free and clear of all
Encumbrances, except as disclosed in the Target Disclosure Statement. The Target
has delivered or made available, or will make available on request, to the
Purchaser copies of the deeds and other instruments (as recorded) by which the
Target acquired such real property and interests, and copies of all title
insurance policies, opinions, abstracts and surveys in the possession of the
Target and relating to such property or interests.

3.11 Accounts Receivable

All accounts receivable of the Target that are reflected on the
balance sheet included in the Target Financial Statements or on the accounting
records of the Target as of the Closing Date (collectively, the “Accounts
Receivable”) have been recorded by the Target in accordance with its usual
accounting practices consistent with prior periods and represent or will
represent valid obligations arising from sales actually made or services
actually performed in the ordinary course of business. To the best of the
knowledge of the Target, the Accounts Receivable are or will be as of the
Closing Date current and collectible net of the respective reserves shown on the
balance sheet included in the Target Financial Statements or on the accounting
records of the Target. The reserve taken for doubtful or bad debtor accounts is
adequate based on the past experience of the Target and is consistent with the
accounting procedures used in previous fiscal periods. There is nothing which
would indicate that such reserves are not adequate or that a higher reserve
should be taken. There is no contest, claim, or right of set-off, other than
returns in the ordinary course of business, under any contract with any obligor
of an Account Receivable relating to the amount or validity of such Account
Receivable. The Target Disclosure Statement contains a complete and accurate list of all Accounts
Receivable as of the date of the Financial Statements.

- 18 -

3.12 Material Contracts

The Target has made available all the present outstanding
Material Contracts entered into by the Target in the course of carrying on the
Business. Except as listed in the Target Disclosure Statement, the Target is not
party to or bound by any other Material Contract, whether oral or written, and
the Material Contracts are all valid and subsisting, in full force and effect
and unamended, no material default or violation exists in respect thereof on the
part of the Target or, to the best of the knowledge of the Target, on the part
of any of the other parties thereto. The Target is not aware of any intention on
the part of any of the other parties thereto to terminate or materially alter
any such Material Contracts or any event that with notice or the lapse of time,
or both, will create a material breach or violation thereof or default under any
such Material Contracts. To the best knowledge of the Target, the continuation,
validity, and effectiveness of each Material Contract will in no way be affected
by the consummation of the Transaction. There exists no actual or threatened
termination, cancellation, or limitation of, or any amendment, modification, or
change to any Material Contract.

3.13 Tax Matters

	(a) 	
      Except as set forth in the Target Disclosure Statement,
      the Target has filed or caused to be filed all Tax Returns that are or
      were required to be filed by or with respect to it, either separately or
      as a member of a group of corporations, pursuant to all applicable
      statutes and other Legal Requirements. The Target has made available to
      the Purchaser copies of all such Tax Returns filed by the Target. Except
      as set forth in the Target Disclosure Statement, the Target has not given
      or been requested to give waivers or extensions (or is or would be subject
      to a waiver or extension given by any other Person) of any statute of
      limitations relating to the payment by the Target or for which the Target
      may be liable.

	 	 
	(b) 	
      Except as set forth in the Target Disclosure Statement,
      all Taxes that the Target is or was required to withhold or collect have
      been duly withheld or collected and, to the extent required, have been
      paid to the proper Governmental Body or other Person.

	 	 
	(c) 	
      The Target has paid all Taxes that have become or are due
      with respect to any period ended on or prior to the date hereof and has
      established an adequate reserve therefore in the Target Financial
      Statements for those Taxes not yet due and payable, except for (i) any
      Taxes the non-payment of which will not have a Material Adverse Effect on
      the Target, and (ii) such Taxes, if any, as are listed in the Target
      Disclosure Statement and are being contested in good faith and as to which
      adequate reserves (determined in accordance with GAAP) have been provided
      in the Target Financial Statements.

	 	 
	(d) 	
      The Target is not presently under, or has received notice
      of, any contemplated investigation or audit by any regulatory or
      government agency or body or any foreign or state taxing authority
      concerning any fiscal year or period ended prior to the date
  hereof.

	 	 
	(e) 	
      The Target Financial Statements contain full provision
      for all Taxes including any deferred Taxes that may be assessed to the
      Target.

- 19 -

3.14 No Agents

The Target warrants to the Purchaser that no broker, agent or
other intermediary has been engaged by any of the Target in connection with the
Transaction and, consequently, no commission is payable or due to a third party
from the Target.

3.15 Employee Benefit Plans and Compensation; Employment
Matters.

	(a) 	
      For purposes of this Section 3.15, the following terms
      will have the meanings set forth below:

	 	 	 
		(i) 	
      “Employee Plan” refers to any plan, program, policy,
      practice, contract, agreement or other arrangement providing for bonuses,
      severance, termination pay, performance awards, stock or stock-related
      awards, fringe benefits or other employee benefits of any kind, whether
      formal or informal, funded or unfunded and whether or not legally binding,
      and pursuant to which the Target has or may have any material liability
      contingent or otherwise;

	 	 	 
		(ii) 	
      “Employee” means any current, former, or retired
      employee, officer, or director of the Target; and

	 	 	 
		(iii) 	
      “Employee Agreement” refers to each employment,
      severance, consulting or similar agreement or contract between the Target
      and any Employee.

	 	 	 
	(b) 	
      The Target has made available to Purchaser:

	 	 	 
		(i) 	
      correct and complete copies of all documents embodying
      each Employee Plan and each Employee Agreement including all amendments
      thereto and copies of all forms of agreement and enrollment used in
      connection therewith;

	 	 	 
		(ii) 	
      the most recent annual actuarial valuations, if any,
      prepared for each Employee Plan;

	 	 	 
		(iii) 	
      if the Employee Plan is funded, the most recent annual
      and periodic accounting of the Employee Plan assets; and

	 	 	 
		(iv) 	
      all communications material to any Employee or Employees
      relating to the Employee Plan and any proposed Employee Plan, in each
      case, relating to any amendments, terminations, establishments, increases
      or decreases in benefits, acceleration of payments or vesting schedules or
      other events which would result in any material liability to the
      Target.

	 	 	 
	(c) 	
      The Target has performed, in all material respects, all
      obligations required to be performed by it under, is not in default or
      violation of, and has no knowledge of any default or violation by another
      party to any Employee Plan, and all Employee Plans have been established
      and maintained in all material respects in accordance with their
      respective terms and in substantial compliance with all Applicable Laws.
      There are no actions, suits or claims pending, or, to the knowledge of the
      Target, threatened or anticipated (other than routine claims for
      benefits), against any Employee Plan or against the assets of any Employee
      Plan. The Employee Plans can be amended, terminated or otherwise
      discontinued after the Closing in accordance with their terms, without
      liability to the Target, the Purchaser or any Affiliate thereof (other
      than ordinary administration expenses typically incurred in a termination
      event). There are no audits, inquiries or proceedings pending or, to the knowledge of the
      Accepting Shareholders and Target threatened, by any Governmental
  Body.

- 20 -

	(d) 	
      Except as set forth in the Target Disclosure Statement,
      the execution of this Agreement and the consummation of the Transaction
      will not (either alone or upon the occurrence of any additional or
      subsequent events) constitute an event under an Employee Plan, Employee
      Agreement, trust or loan that will or may result in any payment (whether
      of severance pay or otherwise), acceleration, forgiveness of indebtedness,
      vesting, distribution, increase in benefits or obligation to fund benefits
      with respect to any Employee.

	 	 	 
	(e) 	
      The Target:

	 	 	 
		(i) 	
      is in compliance in all material respects with all
      Applicable Laws respecting employment, employment practices, terms and
      conditions of employment and wages and hours, in each case, with respect
      to Employees;

	 	 	 
		(ii) 	
      has withheld all amounts required by law or by agreement
      to be withheld from the wages, salaries and other payments to
      Employees;

	 	 	 
		(iii) 	
      is not liable for any arrears of wages or any taxes or
      any penalty for failure to comply with any of the foregoing;

	 	 	 
		(iv) 	
      is not liable for any payment to any trust or other fund
      or to any governmental or administrative authority, with respect to
      unemployment compensation benefits, social security or other benefits for
      Employees (other than routine payments to be made in the normal course of
      business and consistent with past practice);

	 	 	 
		(v) 	
      has provided the Employees with all wages, benefits,
      stock options, bonuses, incentives and all other compensation that became
      due and payable through the date of the Agreement; and

	 	 	 
		(vi) 	
      represents that in the last three (3) years, no citation
      has been issued by any federal, state or provincial occupational safety
      and health board or agency against them and no notice of contest, claim,
      complaint, charge, investigation or other administrative enforcement
      proceeding involving them has been filed or is pending or, to their
      knowledge, threatened, against them under any federal, state or provincial
      occupational safety and health board or any other Applicable Law relating
      to occupational safety and health.

	(f) 	
      No work stoppage, labour strike or other “concerted
      action” involving Employees against the Target is pending or, to the
      knowledge of the Target, threatened. The Target is not involved in nor, to
      the knowledge of the Target, threatened with, any labour dispute,
      grievance, or litigation relating to labour, safety or discrimination
      matters involving any Employee, including, without limitation, charges of
      unfair labour practices or discrimination complaints, which, if adversely
      determined, would, individually or in the aggregate, result in a Material
      Adverse Effect on the Target. The Target is not presently, nor has been in
      the past, a party to, or bound by, any collective bargaining agreement or
      union contract with respect to any Employees and no collective bargaining
      agreement is being negotiated. There are no activities or proceedings of a
      labour union to organize any of the Employees.

	 	 
	(g) 	
      Except as set forth in the Target Disclosure Statement
      and except for claims by Employees under any applicable workers’
      compensation or similar legislation which, if adversely
  determined, would not, either individually or in
the aggregate, have a Material Adverse Effect on the Target, there are no
complaints, claims or charges pending or outstanding or, to the best of the
knowledge of the Target, anticipated, nor are there any orders, decisions,
directions or convictions currently registered or outstanding by any tribunal or
agency against or in respect of the Target under or in respect of any employment
legislation. The Target Disclosure Statement lists all Employees in respect of
whom of the Target has been advised by any workers compensation or similar
authority that such Employees are in receipt of benefits under workers’
compensation or similar legislation. There are no appeals pending before any
workers compensation or similar authority involving the Target and all levies,
assessments and penalties made against the Target pursuant to workers’
compensation or similar legislation have been paid. The Target is not aware of
any audit currently being performed by any workers compensation or similar
authority, and all payments required to be made in respect of termination or
severance pay under any employment standards or similar legislation in respect
of former employees or employees listed on the Target Disclosure Statement have
been made. 

- 21 -

3.16 Consents

Except as set forth in the Target Disclosure Statement, no
authorization, approval, Order, license, permit or consent of any Governmental
Body, and no registration, declaration or filing by the Target with any such
Governmental Body, is required in order for the Target to:

	 	(a) 	
      consummate the Transaction;

	 	 	 
	 	(b) 	
      execute and deliver all of the documents and instruments
      to be delivered by the Accepting Shareholders under this
  Agreement;

	 	 	 
	 	(c) 	
      duly perform and observe the terms and provisions of this
      Agreement; or

	 	 	 
	 	(d) 	
      render this Agreement legal, valid, binding and
      enforceable.

3.17 Compliance with Legal Requirements

Except as set forth in the Target Disclosure Statement:

	 	(a) 	
      the Target is, and at all times has been, in full
      compliance with all of the terms and requirements of each Governmental
      Authorization required for the operation of the Business;

	 	 	 
	 	(b) 	
      no event has occurred or circumstance exists that may
      (with or without notice or lapse of time) constitute or result directly or
      indirectly in a violation of or a failure to comply with any term or
      requirement of any Governmental Authorization required for the operation
      of the Business or may result directly or indirectly in the revocation,
      withdrawal, suspension, cancellation, or termination of, or any
      modification to, any Governmental Authorization required for the operation
      of the Business;

	 	 	 
	 	(c) 	
      the Target has not received, except as set forth in the
      Target Disclosure Statement, any notice or other communication (whether
      oral or written) from any Governmental Body or any other Person regarding
      any actual, alleged, possible, or potential violation of or failure to
      comply with any term or requirement of any Governmental Authorization, or
      any actual, proposed, possible, or potential revocation, withdrawal,
      suspension, cancellation, termination of, or modification to any
      Governmental Authorization; and

- 22 -

	 	(d) 	
      all applications required to have been filed for the
      renewal of the Governmental Authorizations required for the operation of
      the Business have been duly filed on a timely basis with the appropriate
      Governmental Bodies, and all other filings required to have been made with
      respect to such Governmental Authorizations have been duly made on a
      timely basis with the appropriate Governmental
Bodies.

3.18 Legal Proceedings

	(a) 	
      Except as set forth in the Target Disclosure Statement,
      there is no pending Proceeding:

	 	 	 
		(i) 	
      that has been commenced by or against the Target or that
      otherwise relates to or may affect the Business, or any of the assets
      owned or used by, the Target; or

	 	 	 
		(ii) 	
      that challenges, or that may have the effect of
      preventing, delaying, making illegal, or otherwise interfering with, the
      Transaction.

	 	 	 
	(b) 	
      Except as set forth in the Target Disclosure Statement,
      to the knowledge of the Target and the Accepting Shareholders, no
      Proceeding has been threatened, and no event has occurred or circumstance
      exists that may give rise to or serve as a basis for the commencement of
      any such Proceeding.

	 	 	 
	(c) 	
      Except as set forth in the Target Disclosure
      Statement:

	 	 	 
		(i) 	
      there is no Order to which the Target, the Business or
      any of the assets owned or used by the Target is subject; and

	 	 	 
		(ii) 	
      no officer, director, agent, or Employee of the Target is
      subject to any Order that prohibits such officer, director, agent, or
      Employee from engaging in or continuing any conduct, activity, or practice
      relating to the Business.

3.19 Indebtedness to Target

Except for: (i) the payment of salaries and reimbursement for
out-of-pocket expenses in the ordinary and usual course; or (ii) amounts
disclosed in the Target Disclosure Statement or the Target Financial Statements,
the Target has no Indebtedness to the Accepting Shareholders, any Related Party
of a Shareholder or any directors, officers or Employees of the Target, on any
account whatsoever.

3.20 Undisclosed Information

	(a) 	
      The Target does not have any specific information
      relating to the Target which is not generally known or which has not been
      disclosed to the Purchaser and which could reasonably be expected to have
      a Material Adverse Effect on the Target.

	 	 
	(b) 	
      No representation or warranty of the Target in this
      Agreement and no statement in the Target Disclosure Statement omits to
      state a material fact necessary to make the statements herein or therein,
      in light of the circumstances in which they were made, not
    misleading.

3.21 Intellectual Property

	(a) 	
      The Target Disclosure Statement sets out all Intellectual
      Property Assets (as defined herein) owned or held by the Target and the
      Target owns or holds an interest in all intellectual
  property assets necessary for the operation of
the Business as it is currently conducted (collectively, the “Intellectual
Property Assets”), including:

- 23 -

	 	(i) 	
      all functional business names, trading names, registered
      and unregistered trademarks, service marks, and applications
      (collectively, the “Marks”);

	 	 	 
	 	(ii) 	
      all patents, patent applications, and inventions,
      methods, processes and discoveries that may be patentable (collectively,
      the “Patents”);

	 	 	 
	 	(iii) 	
      all copyrights in both published works and unpublished
      works (collectively, the “Copyrights”); and

	 	 	 
	 	(iv) 	
      all know-how, trade secrets, confidential information,
      customer lists, software, technical information, data, process technology,
      plans, drawings, and blue prints owned, used, or licensed by the Target as
      licensee or licensor (collectively, the “Trade
Secrets”).

	(b) 	
      The Target has not transferred, assigned or encumbered
      the Intellectual Property Assets or its interests therein in any
    way.

	 	 
	(c) 	
      The conduct of the Business does not infringe the
      intellectual property or contractual rights or obligations of any Person
      and is in accordance with any and all agreements pursuant to which the
      Target has the right to use or license any third-party intellectual
      property. No Person has instituted or threatened any proceeding or action
      against the Target alleging any infringement by the Target of the
      intellectual property of such Person.

	 	 
	(d) 	
      There are no third parties challenging, infringing or
      otherwise violating the Target’s rights in the Intellectual Property
      Assets.

	 	 
	(e) 	
      The Target has used the Intellectual Property Assets in
      such a manner as to preserve their rights therein, including the use of
      proper notices indicating ownership of the Intellectual Property Assets to
      the extent necessary for the protection of all rights therein and the
      prevention of any disclosure to the public of any confidential information
      related to the Intellectual Property Assets.

	 	 
	(f) 	
      Each Employee has entered into a valid and subsisting
      employment contract that obliges the Employee to maintain the confidential
      information related to the Intellectual Property Assets during and
      following employment and to assign all right, title and interest in the
      Intellectual Property Assets to the Target and to waive any and all moral
      rights that such Employees may have therein.

3.22 Other Representations

All statements contained in any certificate or other instrument
delivered by or on behalf of the Target pursuant to this Agreement or in
connection with the Transaction will be deemed to be representations and
warranties of the Target hereunder.

3.23 Survival

Notwithstanding the Closing and the issuance of the
Consideration Shares or the waiver of any condition in this Agreement by the
Purchaser, the representations, warranties, covenants and agreements of the
Target hereunder will (except where otherwise specifically provided for in this
Agreement) survive the Closing and will continue in full force and effect for
six (6) months after the Closing Date.

- 24 -

3.24 Reliance

The Target acknowledges and agrees that the Purchaser has
entered into this Agreement relying on the warranties and representations and
other terms and conditions contained in this Agreement, notwithstanding any
independent searches or investigations that have been or may be undertaken by or
on behalf of the Purchaser, and that no information which is now known or should
be known or which may hereafter become known by the Purchaser or its officers,
directors or professional advisers, on the Closing Date, will limit or
extinguish the Purchaser’s right to indemnification hereunder.

ARTICLE 4
REPRESENTATIONS AND WARRANTIES
OF THE ACCEPTING SHAREHOLDERS

Each of the Accepting Shareholders hereby severally (and not
jointly or jointly and severally) acknowledges, represents and warrants to the
Purchaser, and acknowledges that the Purchaser is relying upon such
acknowledgements, representations and warranties in connection with the
execution, delivery and performance of this Agreement, notwithstanding any
investigation made by or on behalf of the Purchaser, that:

4.1 Capacity

Each Accepting Shareholder has the capacity to own the Shares
owned by it, to enter into this Agreement and to perform its obligations under
this Agreement.

4.2 Ownership

Each Shareholder is the registered and beneficial owner of the
Shares set out beside its name in Schedule A to this Agreement, free and clear
of any Liens or Encumbrances and except as set forth in the Target Disclosure
Statement. Upon the Closing, except for the rights of the Purchaser pursuant to
this Agreement with respect to the Shares and except as set forth in the Target
Disclosure Statement, there will be no outstanding options, calls or rights of
any kind binding on any Shareholder relating to or providing for the purchase,
delivery or transfer of any of its Shares, and no Shareholder has any interest,
legal or beneficial, direct or indirect, in any other shares of, or the assets
or Business of, the Target.

4.3 Execution and Delivery

Each Shareholder has all requisite power and authority to
execute and deliver the Transaction Documents and to perform its respective
obligations hereunder and to consummate the Transaction. No other corporate or
shareholder proceedings on the part of a Shareholder is necessary to authorize
such documents or to consummate the Transaction. This Agreement has been, and
the other Transaction Documents when executed and delivered by the Accepting
Shareholders as contemplated by this Agreement will be, duly executed and
delivered by the Accepting Shareholders and this Agreement is, and the other
Transaction Documents when executed and delivered by the Accepting Shareholders
as contemplated hereby will be, valid and binding obligations of the Accepting
Shareholders, enforceable in accordance with their respective terms except:

	 	(a) 	
      as limited by applicable bankruptcy, insolvency,
      reorganization, moratorium and other laws of general application affecting
      enforcement of creditors’ rights generally;

	 	 	 
	 	(b) 	
      as limited by laws relating to the availability of
      specific performance, injunctive relief or other equitable remedies;
      and

- 25 -

	 	(c) 	
      as limited by public policy.

4.4 No Violation

The execution and delivery of this Agreement, the transfer of
the Target Shares owned by him and the performance, observance or compliance
with the terms of this Agreement by such Shareholder will not violate,
constitute a default under, conflict with, or give rise to any requirement for a
waiver or consent under:

	 	(a) 	
      any provision of any agreement, instrument or other
      obligation to which such Shareholder is a party or by which such
      Shareholder is bound; or

	 	 	 
	 	(b) 	
      any Applicable Laws.

4.5 Waiver

Except as provided for in this Agreement, after the Closing
Date each Shareholder is agreeing to waive all rights held by such Shareholder
in connection with the Shares under prior agreements, including shareholder
agreements, pertaining to the Shares held by such Shareholder and the
Shareholder will remise, release and forever discharge the Purchaser and its
respective directors, officers, employees, successors, solicitors, agents and
assigns from any and all obligations to the Shareholder under any such prior
agreements.

4.6 Survival

Notwithstanding the Closing and the issuance of the
Consideration Shares or the waiver of any condition by the Purchaser, the
representations, warranties, covenants and agreements of the Accepting
Shareholders hereunder will (except where otherwise specifically provided in
this Agreement) survive the Closing and will continue in full force and effect
indefinitely.

4.7 Reliance

Each Accepting Shareholder acknowledges and agrees that the
Purchaser has entered into this Agreement relying on the warranties and
representations and other terms and conditions contained in this Agreement,
notwithstanding any independent searches or investigations that have been or may
be undertaken by or on behalf of the Purchaser, and that no information which is
now known or should be known or which may hereafter become known by the
Purchaser or its officers, directors or professional advisers, on the Closing
Date, will limit or extinguish the Purchaser’s right to indemnification
hereunder.

ARTICLE 5
REPRESENTATIONS AND WARRANTIES
OF THE PURCHASER

As of the Closing Date and except as set forth in the Purchaser
Disclosure Statement or as otherwise provided for in any certificate or other
instrument delivered pursuant to this Agreement, the Purchaser makes the
following representations to the Target, and the Purchaser acknowledges that the
Target is relying upon such representations and warranties, each of which is
qualified in its entirety by the matters described in the Purchaser Disclosure
Statement, in connection with the execution, delivery and performance of this
Agreement:

- 26 -

5.1 Organization and Good Standing

The Purchaser is a corporation duly organized, validly
existing, and in good standing under the laws of its jurisdiction of
incorporation, with full corporate power, authority and capacity to conduct its
business as presently conducted, to own or use the properties and assets that it
purports to own or use, and to perform all its obligations under any applicable
contracts. The Purchaser is duly qualified to do business as a foreign
corporation and is in good standing under the laws of each state or other
jurisdiction in which either the ownership or use of the properties owned or
used by it, or the nature of the activities conducted by it, requires such
qualification.

5.2 Capitalization

	(a) 	
      The entire authorized capital stock of the Purchaser
      consists of an unlimited number of Purchaser Shares without par value, of
      which 10,258,797 Purchaser Shares are currently issued and outstanding,
      and an unlimited number of preference shares without par value, of which
      no preference shares are currently issued and outstanding.

	 	 
	(b) 	
      Immediately prior to: (i) the Closing; and (ii) the
      closing of the purchase of all the shares of 583885, there will be no more
      than 11,500,000 Purchaser Shares issued and outstanding, including all
      Purchaser Shares issued in connection with the Private
Placement.

	 	 
	(c) 	
      Except as set out in this Agreement and the Purchaser
      Disclosure Statement, there are no outstanding options, warrants,
      subscriptions, conversion rights, or other rights, agreements, or
      commitments obligating the Purchaser to issue any additional Purchaser
      Shares, or any other securities convertible into, exchangeable for, or
      evidencing the right to subscribe for or acquire from the Purchaser any
      Purchaser Shares. There are no agreements purporting to restrict the
      transfer of any of the issued and outstanding Purchaser Shares, and no
      voting agreements, shareholders’ agreements, voting trusts, or other
      arrangements restricting or affecting the voting of any of the Purchaser
      Shares to which the Purchaser is a party or of which the Purchaser is
      aware.

5.3 Authority

The Purchaser has all requisite corporate power and authority
to execute and deliver the Transaction Documents to be signed by the Purchaser
and to perform its obligations hereunder and to consummate the Transaction. The
execution and delivery of each of the Transaction Documents by the Purchaser and
the consummation of the Transaction have been duly authorized by the Purchaser
Board. Other than as set out in this Agreement, no other corporate or
shareholder proceedings on the part of the Purchaser are necessary to authorize
such Transaction Documents or to consummate the Transaction. This Agreement has
been, and the other Transaction Documents when executed and delivered by the
Purchaser as contemplated by this Agreement will be, duly executed and delivered
by the Purchaser and this Agreement is, and the other Transaction Documents when
executed and delivered by the Purchaser as contemplated hereby will be, valid
and binding obligations of the Purchaser enforceable in accordance with their
respective terms except:

	 	(a) 	
      as limited by applicable bankruptcy, insolvency,
      reorganization, moratorium, and other laws of general application
      affecting enforcement of creditors’ rights generally;

	 	 	 
	 	(b) 	
      as limited by laws relating to the availability of
      specific performance, injunctive relief of other equitable remedies;
      and

- 27 -

	 	(c) 	as limited by public policy.

5.4 Validity of Consideration Shares Issuable upon the
Closing 

The Consideration Shares to be issued to the Accepting
Shareholders at Closing will, upon issuance, have been duly and validly
authorized and, the Consideration Shares when so issued in accordance with the
terms of this Agreement, will be duly and validly issued, fully paid and
non-assessable.

5.5 Non-Contravention

Except as set out in the Purchaser Disclosure Statement,
neither the execution, delivery and performance of this Agreement, nor the
consummation of the Transaction, will, directly or indirectly (with or without
notice or lapse of time or both):

	 	(a) 	
      conflict with, result in a violation of, cause a default
      under (with or without notice, lapse of time or both) or give rise to a
      right of termination, amendment, cancellation or acceleration of any
      obligation contained in or the loss of any material benefit under, or
      result in the creation of any Lien, security interest, charge or
      Encumbrance upon any of the material properties or assets of the Purchaser
      under any term, condition or provision of any loan or credit agreement,
      note, debenture, bond, mortgage, indenture, lease or other agreement,
      instrument, permit, license, judgment, Order, decree, statute, law,
      ordinance, rule or regulation applicable to the Purchaser or its material
      property or assets;

	 	 	 
	 	(b) 	
      contravene, conflict with, or result in a violation of,
      any provision of the Charter Documents of the Purchaser, any resolution
      adopted by the Purchaser Board or the shareholders of the Purchaser, or
      any Applicable Laws;

	 	 	 
	 	(c) 	
      contravene, conflict with, or result in a violation or
      breach of any provision of, or give any person the right to declare a
      default or exercise any remedy under, or to accelerate the maturity or
      performance of, or to cancel, terminate or modify, any Material Contract;
      or

	 	 	 
	 	(d) 	
      violate any Order, writ, injunction, decree, statute,
      rule, or regulation of any court or Governmental Body applicable to the
      Purchaser or any of its material property or
assets.

5.6 Corporate Records of the Purchaser

The corporate records of the Purchaser, as required to be
maintained by it pursuant to the laws of the Province of Ontario, are accurate,
complete and current in all material respects, and the minute books of the
Purchaser are, in all material respects, correct and contain all material
records required by the laws of the Province of Ontario in regards to all
proceedings, consents, actions and meetings of the Purchaser Board and the
shareholders of the Purchaser.

5.7 Purchaser Public Documents

The Purchaser has furnished or made available to the Accepting
Shareholders a true and complete copy of each report, schedule and registration
statement filed by the Purchaser pursuant to Applicable Securities Laws
(collectively, and as such documents have since the time of their filing been
amended, the “Purchaser Public Documents”). As of their respective dates, the
Purchaser Public Documents complied in all material respects with the
requirements of Applicable Securities Laws applicable to such Purchaser Public
Documents. The Purchaser Public Documents constitute all of the documents and
reports that the Purchaser was required to file pursuant to Applicable
Securities Laws. No Governmental Authority has initiated any inquiry,
investigation or Proceeding in respect of the Purchaser and the Purchaser is not
aware of any event and does not have any information which would result in a
Governmental Body initiating an inquiry, investigation or Proceeding or
otherwise affect the registration of the Purchaser Shares.

- 28 -

5.8 Actions and Proceedings

Except as disclosed in the Purchaser Public Documents, to the
best knowledge of the Purchaser, there is no basis for and there is no claim,
charge, arbitration, grievance, action, suit, judgment, demand, investigation or
Proceeding by or before any Governmental Body or arbiter now outstanding or
pending or, to the best knowledge of the Purchaser, threatened against or
affecting the Purchaser which involves any of the Business, property or assets
of the Purchaser that, if adversely resolved or determined, would have a
Material Adverse Effect on the Purchaser. There is no reasonable basis for any
claim or action that, based upon the likelihood of its being asserted and its
success if asserted, would have a Material Adverse Effect on the Purchaser.

5.9 Compliance

	(a) 	
      To the best knowledge of the Purchaser, the Purchaser is
      in compliance with, is not in default or violation in any material respect
      under, and has not been charged with or received any notice at any time of
      any material violation of any Applicable Laws related to the business or
      operations of the Purchaser.

	 	 
	(b) 	
      To the best knowledge of the Purchaser, the Purchaser is
      not subject to any judgment, Order or decree entered in any lawsuit or
      Proceeding applicable to its Business and operations that would have a
      Material Adverse Effect on the Purchaser.

	 	 
	(c) 	
      The Purchaser has duly filed all reports and returns
      required to be filed by it with any Governmental Body and has obtained all
      governmental permits and other governmental consents, except as may be
      required after the execution of this Agreement. All of such permits and
      consents are in full force and effect, and no Proceedings for the
      suspension or cancellation of any of them, and no investigation relating
      to any of them, is pending or to the best knowledge of the Purchaser,
      threatened, and none of them will be affected in a material adverse manner
      by the consummation of the Transaction.

5.10 Filings, Consents and Approvals 

No filing or registration with, no notice to and no permit,
authorization, consent, or approval of any public or Governmental Body or any
other Person is necessary for the consummation by the Purchaser of the
Transaction or to continue to conduct its Business after the Closing in a manner
which is consistent with that in which it is presently conducted.

5.11 Financial Representations

Included with the Purchaser Public Documents are true, correct,
and complete copies of the Purchaser Financial Statements. The Purchaser
Financial Statements:

	 	(a) 	
      are in accordance with the books and records of the
      Purchaser;

- 29 -

	 	(b) 	
      present fairly the financial condition of the Purchaser
      as of the respective dates indicated and its results of operations for
      such periods; and

	 	 	 
	 	(c) 	
      have been prepared in accordance with
  GAAP.

The Purchaser has not received any advice or notification from
its independent certified public accountants that the Purchaser has used any
improper accounting practice that would have the effect of not reflecting or
incorrectly reflecting in the Purchaser Financial Statements or the books and
records of the Purchaser, any properties, assets, Liabilities, revenues, or
expenses. The books, records and accounts of the Purchaser accurately and fairly
reflect, in reasonable detail, the assets and Liabilities of the Purchaser. The
Purchaser has not engaged in any transaction, maintained any bank account, or
used any funds of the Purchaser, except for transactions, bank accounts and
funds which have been and are reflected in the normally maintained books and
records of the Purchaser.

5.12 Absence of Undisclosed Liabilities 

The Purchaser has no material Liabilities or obligations either
direct or indirect, matured or unmatured, absolute, contingent or otherwise,
other than: (i) payments contemplated by this Agreement to be made by the
Purchaser at Closing; and (ii) reasonable accounting and legal fees of the
Purchaser incurred in connection with the Transaction.

5.13 Tax Matters

	(a) 	
      As of the date hereof:

	 	 	 
		(i) 	
      the Purchaser has timely filed all Tax Returns in
      connection with any Taxes which are required to be filed on or prior to
      the date hereof, taking into account any extensions of the filing
      deadlines which have been validly granted to it, and

	 	 	 
		(ii) 	
      all such Tax Returns are true and correct in all material
      respects.

	 	 	 
	(b) 	
      The Purchaser has paid all Taxes that have become or are
      due with respect to any period ended on or prior to the date hereof and
      has established an adequate reserve therefore on its balance sheets for
      those Taxes not yet due and payable, except for any Taxes the non-payment
      of which will not have a Material Adverse Effect on the
  Purchaser.

	 	 	 
	(c) 	
      The Purchaser is not presently under and has not received
      notice of, any contemplated investigation or audit by any Governmental
      Body concerning any fiscal year or period ended prior to the date
      hereof.

	 	 	 
	(d) 	
      All Taxes required to be withheld on or prior to the date
      hereof from Employees for Taxes have been properly withheld and, if
      required on or prior to the date hereof, have been deposited with the
      appropriate Governmental Body.

	 	 	 
	(e) 	
      To the best knowledge of the Purchaser, the Purchaser
      Financial Statements contain full provision for all Taxes including any
      deferred Taxes that may be assessed to the Purchaser for the accounting
      period ended on the Purchaser Accounting Date or for any prior period in
      respect of any transaction, event or omission occurring, or any profit
      earned, on or prior to the Purchaser Accounting Date or for which the
      Purchaser is accountable up to such date and all contingent Liabilities
      for Taxes have been provided for or disclosed in the Purchaser Financial
      Statements.

- 30 -

5.14 Absence of Changes

Since the Purchaser Accounting Date, except as disclosed in the
Purchaser Public Documents and except as contemplated in this Agreement, the
Purchaser has not:

	 	(a) 	
      incurred any Liabilities, other than Liabilities incurred
      in the ordinary course of business consistent with past practice, or
      discharged or satisfied any Lien or Encumbrance, or paid any Liabilities,
      other than in the ordinary course of business consistent with past
      practice, or failed to pay or discharge when due any Liabilities of which
      the failure to pay or discharge has caused or will cause any Material
      Adverse Effect to it or any of its assets or properties;

	 	 	 
	 	(b) 	
      sold, encumbered, assigned or transferred any material
      fixed assets or properties;

	 	 	 
	 	(c) 	
      created, incurred, assumed or guaranteed any Indebtedness
      for money borrowed, or mortgaged, pledged or subjected any of the material
      assets or properties of the Purchaser to any mortgage, Lien, pledge,
      security interest, conditional sales contract or other Encumbrance of any
      nature whatsoever;

	 	 	 
	 	(d) 	
      made or suffered any amendment or termination of any
      Material Contract to which it is a party or by which it is bound, or
      cancelled, modified or waived any substantial debts or claims held by it
      or waived any rights of substantial value, other than in the ordinary
      course of business;

	 	 	 
	 	(e) 	
      declared, set aside or paid any dividend or made or
      agreed to make any other distribution or payment in respect of the
      Purchaser Shares or redeemed, purchased or otherwise acquired or agreed to
      redeem, purchase or acquire any of the Purchaser Shares;

	 	 	 
	 	(f) 	
      suffered any damage, destruction or loss, whether or not
      covered by insurance, that has had a Material Adverse Effect on its
      Business, operations, assets, properties or prospects;

	 	 	 
	 	(g) 	
      suffered any material adverse change in its Business,
      operations, assets, properties, prospects or condition (financial or
      otherwise);

	 	 	 
	 	(h) 	
      received notice or had knowledge of any actual or
      threatened labour trouble, termination, resignation, strike or other
      occurrence, event or condition of any similar character which has had or
      might have a Material Adverse Effect on its Business, operations, assets,
      properties or prospects;

	 	 	 
	 	(i) 	
      made commitments or agreements for capital expenditures
      or capital additions or betterments exceeding in the aggregate
    $5,000;

	 	 	 
	 	(j) 	
      other than in the ordinary course of business, increased
      the salaries or other compensation of, or made any advance (excluding
      advances for ordinary and necessary business expenses) or loan to, any of
      its Employees or directors or made any increase in, or any addition to,
      other benefits to which any of its Employees or directors may be
      entitled;

	 	 	 
	 	(k) 	
      entered into any transaction other than in the ordinary
      course of business consistent with past practice; or

	 	 	 
	 	(l) 	
      agreed, whether in writing or orally, to do any of the
      foregoing.

- 31 -

5.15 Absence of Certain Changes or Events

Since the Purchaser Accounting Date, except as and to the
extent disclosed in the Purchaser Public Documents, there has not been:

	 	(a) 	
      a Material Adverse Effect with respect to the Purchaser;
      or

	 	 	 
	 	(b) 	
      any material change by the Purchaser in its accounting
      methods, principles or practices.

5.16 Personal Property

There are no material equipment, furniture, fixtures or other
tangible personal property and assets owned or leased by the Purchaser, except
as disclosed in the Purchaser Public Documents. The Purchaser possesses, and has
good and marketable title to all property necessary for the continued operation
of the business of the Purchaser as presently conducted and as represented to
the Accepting Shareholders. All such property is used in the Business of the
Purchaser. All such property is in reasonably good operating condition (normal
wear and tear excepted), and is reasonably fit for the purposes for which such
property is presently used. All material equipment, furniture, fixtures and
other tangible personal property and assets owned or leased by the Purchaser are
owned or leased by the Purchaser free and clear of all Liens, security
interests, charges, Encumbrances and other adverse claims, except as previously
disclosed to the Target.

5.17 Subsidiaries

The Purchaser has no subsidiaries.

5.18 Insurance

The assets owned by the Purchaser are insured under various
policies of general product liability and other forms of insurance consistent
with prudent business practices. All such policies are in full force and effect
in accordance with their terms, no notice of cancellation has been received, and
there is no existing default by the Purchaser, or any event which, with the
giving of notice, the lapse of time or both, would constitute a default
thereunder. All premiums to date have been paid in full.

5.19 Employees and Consultants

To the best knowledge of the Purchaser, no employee of the
Purchaser is in violation of any term of any Employment Agreement,
non-disclosure agreement, non-competition agreement or any other Contract or
agreement relating to the relationship of such Employee with the Purchaser or
any other nature of the Business conducted or to be conducted by the
Purchaser.

5.20 Real Property 

The Purchaser does not own any real property. Each of the
leases, subleases, claims or other real property interests (collectively, the
“Purchaser Leases”) to which the Purchaser is a party or is bound, as disclosed
in writing to the Target or as disclosed in the Purchaser Public Documents, is
legal, valid, binding, enforceable and in full force and effect in all material
respects. All rental and other payments required to be paid by the Purchaser
pursuant to any such Purchaser Leases have been duly paid and no event has
occurred which, upon the passing of time, the giving of notice, or both, would
constitute a breach or default by any party under any of the Purchaser Leases.
The Purchaser Leases will continue to be legal, valid, binding, enforceable and
in full force and effect on identical terms following the Closing Date. The Purchaser has not assigned, transferred, conveyed, mortgaged,
deeded in trust or encumbered any interest in the Purchaser Leases or the
leasehold property pursuant thereto.

- 32 -

5.21 Material Contracts and Transactions

Other than as expressly contemplated by this Agreement, there
are no Material Contracts to which the Purchaser is a party, except as
previously disclosed to the Target or as disclosed in the Purchaser Public
Documents. The Purchaser has made available to the Target a copy of each
Material Contract. Each Material Contract of the Purchaser is in full force and
effect, and there exists no material breach or violation of or default by the
Purchaser under any Material Contract of the Purchaser, or any event that with
notice or the lapse of time, or both, will create a material breach or violation
thereof or default under any Material Contract by the Purchaser. To the best
knowledge of the Purchaser, the continuation, validity and effectiveness of each
Material Contract of the Purchaser will in no way be affected by the
consummation of the Transaction. There exists no actual or threatened
termination, cancellation or limitation of, or any amendment, modification or
change to, any Material Contract of the Purchaser.

5.22 Certain Transactions

Except as previously disclosed to the Target or as disclosed in
the Purchaser Public Documents, the Purchaser is not a guarantor or indemnitor
of any Indebtedness of any Person.

5.23 Internal Accounting Controls

The Purchaser maintains a system of internal accounting
controls sufficient to provide reasonable assurance that: (i) transactions are
executed in accordance with management’s general or specific authorizations;
(ii) transactions are recorded as necessary to permit preparation of financial
statements in conformity with GAAP and to maintain asset accountability; (iii)
access to assets is permitted only in accordance with management’s general or
specific authorization; and (iv) the recorded accountability for assets is
compared with the existing assets at reasonable intervals and appropriate action
is taken with respect to any differences.

5.24 Listing and Maintenance Requirements

The Purchaser’s Shares are currently quoted on the OTC Bulletin
Board and the Purchaser has not, in the 12 months preceding the date hereof,
received any notice from the OTC Bulletin Board or FINRA or any trading market
on which the Purchaser Shares are or have been listed or quoted, to the effect
that the Purchaser is not in compliance with the quoting, listing or maintenance
requirements of the OTC Bulletin Board or such other trading market. No
Governmental Body has issued any Order preventing or suspending the trading of
the Purchaser Shares or prohibiting the issuance of the Consideration Shares to
be delivered hereunder, and, to the Purchaser’s knowledge, no Proceedings for
such purpose are pending or threatened.

5.25 No SEC or FINRA Inquiries

Neither the Purchaser nor any of its past or present officers
or directors is the subject of any formal or informal inquiry or investigation
by the SEC or FINRA. The Purchaser currently does not have any outstanding
comment letters or other correspondences from the SEC or FINRA. The Purchaser
does not reasonably know of any event or have any information which would result
in the SEC or FINRA initiating an inquiry, investigation or Proceeding or
otherwise affect the Purchaser.

- 33 -

5.26 No Agents

The Purchaser warrants that no broker, agent or other
intermediary has been engaged by the Purchaser in connection with the
Transaction and, consequently, no commission is payable or due to a third party
from the Purchaser.

5.27 Undisclosed Information

	(a) 	
      The Purchaser does not have any specific information
      relating to the Purchaser which is not generally known or which has not
      been disclosed to the Target and which could reasonably be expected to
      have a Material Adverse Effect on the Purchaser.

	 	 
	(b) 	
      To the Purchaser’s knowledge, no representation or
      warranty of the Purchaser in this Agreement and no statement in the
      Purchaser Disclosure Statement omits to state a material fact necessary to
      make the statements herein or therein, in light of the circumstances in
      which they were made, not misleading.

5.28 Other Representations

All statements contained in any certificate or other instrument
delivered by or on behalf of the Purchaser pursuant hereto or in connection with
the Transaction will be deemed to be representations and warranties by the
Purchaser hereunder.

5.29 Survival

Notwithstanding the Closing and the issuance of the
Consideration Shares or the waiver of any condition in this Agreement by the
Target or the Accepting Shareholders, as applicable, the representations,
warranties, covenants and agreements of the Purchaser hereunder will (except
where otherwise specifically provided for in this Agreement) survive the Closing
and will continue in full force and effect for six (6) months after the Closing
Date.

5.30 Reliance

The Purchaser acknowledges and agrees that the Target and the
Accepting Shareholders have entered into this Agreement relying on the
warranties and representations and other terms and conditions contained in this
Agreement, notwithstanding any independent searches or investigations that have
been or may be undertaken by or on behalf of the Target or the Accepting
Shareholders, and that no information which is now known or should be known or
which may hereafter become known by the Target or the Accepting Shareholders or
their respective professional advisers, on the Closing Date, will limit or
extinguish the right to indemnification hereunder.

ARTICLE 6
 CLOSING

6.1 Closing Date and Location

The Transaction will be completed at 10:00 a.m. (Pacific time)
on the Closing Date, at the offices of the Purchaser’s Solicitors, or at such
other location and time as is mutually agreed to by the Purchaser and the
Target. Notwithstanding the location of the Closing, each party agrees that the
Closing may be completed by the exchange of undertakings between the respective
legal counsel for the Purchaser and the Target, provided such undertakings are
satisfactory to each party’s respective legal counsel.

- 34 -

6.2 Target and Accepting Shareholders Closing
Documents

On the Closing Date, the Target and the Accepting Shareholders
will deliver, or cause to be delivered, to the Purchaser the documents set forth
in Section 7.1 and such other documents as the Purchaser may reasonably require
to effect the Transaction.

6.3 Purchaser Closing Documents

On the Closing Date, the Purchaser will deliver, or cause to be
delivered, to the Target and the Accepting Shareholders the documents set forth
in Section 8.1 and such other documents as the Target may reasonably require to
effect the Transaction.

ARTICLE 7
PURCHASER’S CONDITIONS
PRECEDENT

7.1 Purchaser’s Conditions

The obligation of the Purchaser to complete the Transaction
will be subject to the satisfaction of, or compliance with, at or before the
Closing Date, of the conditions precedent set forth below. The Closing of the
Transaction will be deemed to mean a waiver of all conditions to Closing. These
conditions precedent are for the benefit of the Purchaser and may be waived by
the Purchaser in its discretion:

	 	(a) 	
      the Purchaser will have reviewed and approved of all
      materials in the possession and control of the Target and the Accepting
      Shareholders which are germane to the Purchaser’s decision to proceed with
      the Transaction;

	 	 	 
	 	(b) 	
      the Purchaser and its solicitors will be reasonably
      satisfied that the due diligence, analysis and other customary
      examinations that they have performed regarding the financial position and
      the business of the Target are consistent, in all material respects, with
      the representations and warranties of the Target and the Accepting
      Shareholders set forth in this Agreement;

	 	 	 
	 	(c) 	
      the Purchaser and its accountants shall have received,
      and had a reasonable opportunity to review, a copy of the Target Financial
      Statements from the Target and will be reasonably satisfied with the
      content of the Target Financial Statements;

	 	 	 
	 	(d) 	
      the Purchaser and/or the Target will have entered into a
      management contract with David Hall pursuant which Mr. Hall will become
      the President of the Purchaser at Closing;

	 	 	 
	 	(e) 	
      the Target will have provided the Purchaser with a legal
      opinion of the Target’s counsel, in a form reasonably satisfactory to the
      Purchaser’s Solicitors;

	 	 	 
	 	(f) 	
      the Target will have taken all actions necessary under
      the Target’s stock option plan to authorize the cancellation of the Target
      Options, which cancellation is conditional upon the grant of the Purchaser
      Options at Closing;

	 	 	 
	 	(g) 	
      all required approvals, consents, authorizations and
      waivers relating to the consummation of the Transaction by the Purchaser,
      including antitrust clearance to the extent applicable, will have been
      obtained;

- 35 -

	 	(h) 	
      the Target will have obtained the consent of any parties
      from whom consent to the Transaction is required;

	 	 	 	 
	 	(i) 	
      the Target and the Accepting Shareholders will have
      performed and complied with all obligations, covenants and agreements of
      the Target and the Accepting Shareholders set out in this Agreement and
      the representations and warranties of the Target and each of the Accepting
      Shareholders set forth in this Agreement will be true, correct and
      complete in all material respects as of the Closing Date and with the same
      effect as if made at and as of the Closing Date and the Purchaser will
      have received:

	 	 	 	 
	 		(i) 	
      from the Target, a certificate executed by an officer of
      the Target certifying that all obligations, covenants and agreements of
      the Target contained in this Agreement have been performed and complied
      with and that the representations and warranties of the Target set forth
      in this Agreement are true and correct in all material respects as at the
      Closing Date; and

	 	 	 	 
	 		(ii) 	
      from each Accepting Shareholder, a completed and executed
      US Certificate or Non-US Certificate, as applicable;

	 	 	 	 
	 	(j) 	
      on the Closing Date, the Target’s total Liabilities,
      determined in accordance with GAAP, net of cash, shall not exceed
      $50,000;

	 	 	 	 
	 	(k) 	
      no Material Adverse Change will have occurred with
      respect to the Business of the Target or the Shares;

	 	 	 	 
	 	(l) 	
      this Agreement, the Transaction Documents and all other
      documents necessary or reasonably required to consummate the Transaction,
      all in form and substance reasonably satisfactory to the Purchaser, will
      have been executed and delivered to the Purchaser;

	 	 	 	 
	 	(m) 	
      no claim will have been asserted or made that any Person
      (other than the Purchaser or the Accepting Shareholders) is the holder or
      the beneficial owner of, or has the right to acquire or to obtain
      beneficial ownership of, any of the Shares, or any other voting, equity,
      or ownership interest in, the Target, or (other than the Accepting
      Shareholders) is entitled to all or any portion of the Consideration
      Shares;

	 	 	 	 
	 	(n) 	
      no Order (whether temporary, preliminary or permanent)
      shall have been enacted, entered, promulgated or enforced by any
      Governmental Body which prohibits, restrains, enjoins or restricts the
      consummation of the Transaction, provided, however, that the parties to
      this Agreement shall use their reasonable best efforts to cause any such
      Order to be vacated or lifted;

	 	 	 	 
	 	(o) 	
      approval of the Purchaser Board and the board of
      directors of the Target will have been obtained;

	 	 	 	 
	 	(p) 	
      the Purchaser acquiring, at Closing, a minimum of 55% of
      the issued and outstanding Shares (inclusive of Shares acquired by the
      Purchaser pursuant to Investment One and Shares acquired from Accepting
      Shareholders);

	 	 	 	 
	 	(q) 	
      the Purchaser will have entered into an agreement to
      purchase all of the shares of 583885 and such purchase will close
      contemporaneously with the closing of the Transaction;
  and

- 36 -

	 	(r) 	
      the Purchaser will have received from the Target, the
      following closing documentation:

	 	 	 	 
	 		(i) 	
      a certified copy of resolutions of the directors of the
      Target authorizing the transfer of the Shares from the Accepting
      Shareholders to the Purchaser, the registration of the Shares from the
      Accepting Shareholders into the name of the Purchaser and the issue of
      share certificates representing the Shares from the Accepting Shareholders
      registered in the name of the Purchaser;

	 	 	 	 
	 		(ii) 	
      a certified copy of the central securities register of
      the Target showing the Purchaser as the registered owner of the Shares
      from the Accepting Shareholders;

	 	 	 	 
	 		(iii) 	
      all such instruments of transfer, duly executed, which in
      the opinion of the Purchaser acting reasonably are necessary to effect and
      evidence the transfer of the Shares from the Accepting Shareholders to the
      Purchaser free and clear of all Encumbrances; and

	 	 	 	 
	 		(iv) 	
      the corporate minute books and all other books and
      records of the Target.

7.2 Waiver/Survival

The conditions set forth in this Article 7 are for the
exclusive benefit of the Purchaser and may be waived by the Purchaser in writing
in whole or in part on or before the Closing Date. Notwithstanding any such
waiver, the completion of the Transaction will not prejudice or affect in any
way the rights of the Purchaser in respect of the warranties and representations
of the Target and the Accepting Shareholders in this Agreement, and the
representations and warranties of the Target and the Accepting Shareholders in
this Agreement will survive the Closing and issuance of the Consideration Shares
for the applicable period set out in Sections 3.23 and 4.3, as applicable.

7.3 Covenant of the Target and the Accepting
Shareholders

The Target and the Accepting Shareholders covenant to deliver
all of the closing documentation set out in Section 7.1.

ARTICLE 8
TARGET’S AND ACCEPTING
SHAREHOLDERS’ CONDITIONS PRECEDENT

8.1 Target’s and Accepting Shareholders’ Conditions

The obligation of the Target and the Accepting Shareholders to
complete the Transaction will be subject to the satisfaction of, or compliance
with, at or before the Closing Date, of the conditions precedent set forth
below. The Closing of the Transaction will be deemed to mean a waiver of all
conditions to Closing. These conditions precedent are for the benefit of the
Target and the Accepting Shareholders and may be waived by the Target in its
discretion:

	 	(a) 	
      the Target will have reviewed and approved of all
      materials in the possession and control of the Purchaser which are germane
      to the Target’s decision to proceed with the Transaction;

	 	 	 
	 	(b) 	
      the Target and its solicitors will be reasonably
      satisfied that the due diligence, analysis and other customary
      examinations that they have performed regarding the
  financial position and the business of the Purchaser are
      consistent, in all material respects, with the representations and
  warranties of the Purchaser set forth in this Agreement;

- 37 -

	 	(c) 	
      the Target and its accountants shall have had a
      reasonable opportunity to review the Purchaser Financial Statements and
      will be reasonably satisfied with the content of the Purchaser Financial
      Statements;

	 	 	 
	 	(d) 	
      all required approvals, consents, authorizations and
      waivers relating to the consummation of the Transaction by the Target,
      including antitrust clearance to the extent applicable, will have been
      obtained;

	 	 	 
	 	(e) 	
      the Purchaser will have obtained the consent of any
      parties from whom consent to the Transaction is required;

	 	 	 
	 	(f) 	
      the Purchaser will have performed and complied with all
      obligations, covenants and agreements of the Purchaser set out in this
      Agreement and the representations and warranties of the Purchaser set
      forth in this Agreement will be true, correct and complete in all material
      respects as of the Closing Date and with the same effect as if made at and
      as of the Closing Date and the Target will have received from the
      Purchaser, a certificate executed by an officer of the Purchaser
      certifying that all obligations, covenants and agreements of the Purchaser
      contained in this Agreement have been performed and complied with and that
      the representations and warranties of the Purchaser set forth in this
      Agreement are true and correct in all material respects as at the Closing
      Date; and

	 	 	 
	 	(g) 	
      no Material Adverse Change will have occurred with
      respect to the Business of the Purchaser;

	 	 	 
	 	(h) 	
      the approval of the Purchaser Board and the board of
      directors of the Target for the Transaction will have been
  obtained;

	 	 	 
	 	(i) 	
      the Purchaser acquiring, at Closing, a minimum of 55% of
      the issued and outstanding Shares (inclusive of Shares acquired by the
      Purchaser pursuant to Investment One and Shares acquired from Accepting
      Shareholders);

	 	 	 
	 	(j) 	
      the approval of all Accepting Shareholders will have been
      obtained;

	 	 	 
	 	(k) 	
      immediately prior to: (i) the Closing; and (ii) the
      closing of the purchase of all the shares of 583885, there will be no more
      than 11,500,000 Purchaser Shares issued and outstanding, including all
      Purchaser Shares issued in connection with the Private
Placement;

	 	 	 
	 	(l) 	
      this Agreement, the Transaction Documents and all other
      documents necessary or reasonably required to consummate the Transaction,
      all in form and substance satisfactory to the Target will have been
      executed and delivered to the Target;

	 	 	 
	 	(m) 	
      the Consideration Shares will have been delivered in
      accordance with Section 6.3;

	 	 	 
	 	(n) 	
      no Order (whether temporary, preliminary or permanent)
      shall have been enacted, entered, promulgated or enforced by any
      Governmental Body which prohibits, restrains, enjoins or restricts the
      consummation of the Transaction, provided, however, that
  the parties to this Agreement shall use their reasonable best
  efforts to cause any such Order to be vacated or lifted; and

- 38 -

	 	(o) 	
      the Purchaser will have entered into an agreement to
      purchase all of the shares of 583885 and such purchase will close
      contemporaneously with the closing of the
Transaction.

8.2 Waiver/Survival

The conditions set forth in this Article 8 are for the
exclusive benefit of the Target and the Accepting Shareholders and may be waived
by the Target and the Accepting Shareholders in writing in whole or in part on
or before the Closing Date. Notwithstanding any such waiver, completion of the
Transaction by the Target and the Accepting Shareholders will not prejudice or
affect in any way the rights of the Target and the Accepting Shareholders in
respect of the warranties and representations of the Purchaser set forth in this
Agreement, and the representations and warranties of the Purchaser in this
Agreement will survive the Closing and issuance of the Consideration Shares for
the applicable period set out in Section 5.29.

8.3 Covenant of the Purchaser

The Purchaser covenants to deliver all of the closing
documentation set out in Section 8.1.

ARTICLE 9
CONDUCT OF BUSINESS PRIOR TO
CLOSING

9.1 Conduct

Except as otherwise contemplated or permitted by this
Agreement, or as set forth in the Target Disclosure Statement, during the period
from the date of this Agreement to the Closing Date, the Target will do the
following:

	 	(a) 	
      conduct the Business in the ordinary and usual course and
      in a continuous fashion and will not, without the prior written consent of
      the Purchaser:

	 	 	 	 
	 		(i) 	
      enter into any transaction which would constitute a
      breach of the Target’s or the Accepting Shareholders’ representations,
      warranties or agreements contained herein;

	 	 	 	 
	 		(ii) 	
      sell, or undertake to sell, any of the Shares or any
      other securities of the Target;

	 	 	 	 
	 		(iii) 	
      increase the salaries or other compensation of, or make
      any advance (excluding advances for ordinary and necessary business
      expenses) or loan to, any of its Employees, officers or directors or make
      any increase in, or any addition to, other benefits to which any of its
      Employees, officers or directors may be entitled;

	 	 	 	 
	 		(iv) 	
      create, incur, assume or guarantee any indebtedness for
      money borrowed, or mortgaged or pledged by the Target or a third party,
      and will not subject any of the material assets or properties of the
      Target to any mortgage, lien, pledge, security interest, conditional sales
      contract or other Encumbrance related to any such indebtedness for money
      borrowed;

	 	 	 	 
	 		(v) 	
      declare, set aside or pay any dividend or make or agree
      to make any other distribution or payment in respect of the Target’s
      capital shares or redeem, repurchase or otherwise acquire or agree to redeem,
      purchase or acquire any of the Target’s capital shares or equity
  securities; or

- 39 -

	 		(vi) 	
      pay any amount (other than salaries in the ordinary
      course of business) to any Related Party of the Target or the
      Shareholders;

	 	 	 	 
	 	(b) 	
      comply with all laws affecting the operation of the
      Business and pay all required Taxes;

	 	 	 	 
	 	(c) 	
      not take any action or omit to take any action which
      would, or would reasonably be expected to, result in a breach of or render
      untrue any representation, warranty, covenant or other obligation of the
      Target or the Accepting Shareholders contained herein;

	 	 	 	 
	 	(d) 	
      use commercially reasonable efforts to preserve intact
      the Business and the assets, operations and affairs of the Target and
      carry on the Business and the affairs of the Target substantially as
      currently conducted, and use commercially reasonable efforts to promote
      and preserve for the Purchaser the goodwill of suppliers, customers and
      others having business relations with the Target;

	 	 	 	 
	 	(e) 	
      take all necessary actions, steps and proceedings that
      are necessary to approve or authorize, or to validly and effectively
      undertake, the execution and delivery of this Agreement and the completion
      of the Transaction;

	 	 	 	 
	 	(f) 	
      otherwise respond reasonably promptly to reasonable
      requests from the Purchaser for information concerning the status of the
      Business, operations, and finances of the Target; and

	 	 	 	 
	 	(g) 	
      comply with the provisions of Article 10 of this
      Agreement.

ARTICLE 10
ADDITIONAL COVENANTS OF THE
PARTIES

10.1 Creation of Class B Shares and Class C Shares

Prior to the Closing, the Purchaser Board will change its
authorized capital by creating the Class B Shares and the Class C Shares, having
the rights and restrictions as set out in Schedules D and E, respectively, to
this Agreement.

10.2 Purchaser’s Investment In Target

	(a) 	
      At Closing, subject to the acquisition by the Purchaser
      of a minimum of 55% of the issued and outstanding Shares (inclusive of
      Purchaser Shares issued pursuant to Investment One and Shares acquired
      from Accepting Shareholders), the Purchaser agrees to purchase 1,000,000
      Shares from the Target at a price of $1.00 per Share, for an aggregate
      purchase price of $1,000,000 (“Investment One”).

	 	 	 
	(b) 	
      The Purchaser agrees to purchase an additional 2,000,000
      Shares at a price of $1.00 per Share, to be purchased as
follows:

	 	 	 
		(i) 	
      $1,000,000 on or before the date that is six (6) months
      from the Closing Date (“Investment Two”); and

- 40 -

	 	(ii) 	
      $1,000,000 on or before the date that is twelve (12)
      months from the Closing Date (“Investment Three”).

10.3 Private Placement and Purchaser Cash at Closing

At or prior to Closing, the Purchaser will complete the Private
Placement such that, at Closing, the Purchaser will have no less than $1,000,000
in cash to be used for completing Investment One.

10.4 Pooling Agreement 

At Closing (or at such time as a Shareholder becomes an
Accepting Shareholder subsequent to the Closing Date), each of the Accepting
Shareholders agrees to enter into a pooling agreement (the “Pooling Agreement”)
with Clark Wilson LLP (the “Trustee”) with respect to the Exchange Shares,
pursuant to which the Accepting Shareholders will deposit their respective
Exchange Shares with the Trustee until such Exchange Shares are released from
the Pooling Agreement in accordance with the terms thereof. The Pooling
Agreement will provide, among other things, that 15% of the Exchange Shares will
be released on the first day of each quarter after expiry of the initial twelve
(12) month hold period imposed pursuant to the Securities Act.

10.5 Purchaser Board

The current directors of the Purchaser will, subject to
compliance with applicable corporate laws and the Purchaser’s Charter Documents,
adopt resolutions appointing David Hall, Peter Jensen, Matt Wayrynen and Rolf
Hoffman, and such other person as the Target may advise to the Purchaser Board
and accepting the resignations of Roy Brown, Brent Petterson and John Toljanich
from the Purchaser Board, with such appointments and resignations to be
effective on Closing.

10.6 Officers of the Purchaser

The current directors of the Purchaser will adopt resolutions
appointing David Hall as President, Peter Jensen as Chairman of the Board, Matt
Wayrynen as Vice President of Corporate Development, Dr. Rolf Hoffman as Chief
Medical Officer and Pamela Lynch as Corporate Secretary, subject to the approval
of such persons to act in such positions, and accepting the resignation of John
Toljanich from all officer positions with the Purchaser, with such appointments
and resignation to be effective on Closing. 

10.7 Tryton Shares and Carob Shares

At the Closing, the Purchaser will sell (i) the Tryton Shares
to Tryton, and (ii) the Carob Shares to Carob.

10.8 Cancellation of Target Options and Grant of Purchaser
Options

	(a) 	
      On or before Closing, the Purchaser will adopt the stock
      option plan in the form attached hereto as Schedule I.

	 	 
	(b) 	
      At Closing, the Target will cause all outstanding Target
      Options to be cancelled and each of the holders of the Target Options will
      be granted one Purchaser Option for each Target Option (which Purchaser
      Options, except as noted below in respect of the vesting date of each
      Purchaser Option, will be governed by the terms of the stock option plan
      to be adopted by the Purchaser on or prior to the Closing, in the form
      attached hereto as Schedule I) such that, on exercise of each Purchaser
      Option, the holder of such Purchaser Option will be entitled to acquire,
      and will accept in lieu of the number of common shares of the Target to
      which such holder was entitled immediately before the Closing Date, an
  equal number of Purchaser Shares.

- 41 -

	(c) 	
      All of the Purchaser Options issued to holders of the
      Target Options at Closing will be exercisable into Purchaser Shares at an
      exercise price of $0.50 per Purchaser Share.

	 	 
	(d) 	
      All of the Purchaser Options issued to holders of the
      Target Options at Closing will be subject to a one year vesting period
      such that all of the Purchaser Options will vest on the first anniversary
      of the Closing Date.

10.9 Issuances of Securities by Target

	(a) 	
      The Target hereby covenants and agrees that it will not,
      during the period commencing on the date of execution of this Agreement
      and ending on the Conversion Deadline, issue any shares in its capital or
      enter into any agreement, right or option, present or future, contingent,
      absolute or capable of becoming an agreement, right or option or which
      with the passage of time or the occurrence of any event could become an
      agreement, right or option to require the Target to issue any further or
      other shares in its capital or any other security convertible or
      exchangeable into shares in its capital or to convert or exchange any
      securities into or for shares in the capital of the Target.

	 	 
	(b) 	
      The Purchaser covenants and agrees that it will not cause
      the Target to take any action which would result in the Target breaching
      Section 10.9(a).

10.10 Consents

The parties covenant and agree that they will use commercially
reasonable efforts to obtain the consents, renunciations and approvals of third
parties which are necessary to the completion of the Transaction, provided that
such consents, renunciations or approvals may be validly given by such third
parties in accordance with relevant agreements, covenants or applicable law.

10.11 Exclusivity

Until such time, if any, as this Agreement is terminated
pursuant to Article 12, the Transaction is consummated or as otherwise agreed to
by the parties hereto, none of the parties to this Agreement (through their
advisors, directors, bankers, Employees, shareholders, agents or otherwise)
will, directly or indirectly:

	 	(a) 	
      solicit, initiate, encourage, facilitate or discuss any
      proposition, offer, inquiry, submission or proposal from any other Person
      concerning: (i) the purchase of any part of their issued and outstanding
      securities, including the Shares; (ii) the purchase of any significant
      elements of their respective assets; or (iii) any merger, reorganization,
      arrangement, capitalization or any other form of business merger
      implicating, directly or indirectly, any party to this Agreement or their
      respective Businesses (a “Proposed Transaction”); or

	 	 	 
	 	(b) 	
      enter into any agreement, discussions or negotiations
      with any Person, company or other entity with respect to a Proposed
      Transaction.

Each of the parties to this Agreement will provide written
notification to the other parties hereto of all propositions, offers, bids or
information requests that they might receive regarding a Proposed Transaction and must provide the other parties to this
Agreement with all relevant information in their possession related to such
Proposed Transaction.

- 42 -

10.12 Access for Investigation

	(a) 	
      Between the date of this Agreement and the Closing Date,
      the Target will:

	 	 	 
		(i) 	
      afford the Purchaser, the Purchaser’s Solicitors and the
      Purchaser’s representatives, advisors, prospective lenders and their
      representatives (collectively, the “Purchaser’s Advisors”) full and free
      access to the Target’s personnel, properties, Contracts, books and
      records, and other documents and data, in each case during normal business
      hours, upon a reasonable number of occasions, upon reasonable notice and
      in a manner calculated to minimize disruption of the Target’s
    Business;

	 	 	 
		(ii) 	
      furnish the Purchaser and the Purchaser’s Advisors with
      copies of all such Contracts, books and records, and other existing
      documents and data, as the Purchaser may reasonably request; and

	 	 	 
		(iii) 	
      furnish the Purchaser and the Purchaser’s Advisors with
      such additional financial, operating, and other data and information, as
      the Purchaser may reasonably request.

	 	 	 
	(b) 	
      Between the date of this Agreement and the Closing Date,
      the Purchaser will:

	 	 	 
		(i) 	
      afford the Target, the Accepting Shareholders and their
      respective representatives, legal and advisors and prospective lenders and
      their representatives (collectively, the “Target’s Advisors”) full and
      free access to the Purchaser’s personnel, properties, contracts, books and
      records, and other documents and data, in each case during normal business
      hours, upon a reasonable number of occasions, upon reasonable notice and
      in a manner calculated to minimize disruption of the Purchaser’s
      business;

	 	 	 
		(ii) 	
      furnish the Target, the Accepting Shareholders and the
      Target’s Advisors with copies of all such contracts, books and records,
      and other existing documents and data, as the Target and the Accepting
      Shareholders may reasonably request; and

	 	 	 
		(iii) 	
      furnish the Target, the Accepting Shareholders and the
      Target’s Advisors with such additional financial, operating, and other
      data and information, as the Target and the Accepting Shareholders may
      reasonably request.

10.13 Required Filings

	(a) 	
      As promptly as practicable after the date of this
      Agreement, the Target will make all filings required by Legal Requirements
      to be made by it in order to consummate the Transaction. Between the date
      of this Agreement and the Closing Date, the Target and the Accepting
      Shareholders will cooperate with the Purchaser with respect to all filings
      that the Purchaser elects to make or is required by Legal Requirements to
      make in connection with the Transaction.

	 	 
	(b) 	
      As promptly as practicable after the date of this
      Agreement, the Purchaser will make all filings required by Legal
      Requirements to be made by it in order to consummate the Transaction. The
      Purchaser will (i) provide the Accepting Shareholders with copies of all
      correspondence with Governmental Bodies relating to such Legal
      Requirements, (ii) allow the Accepting Shareholders to participate on all
      discussions or meetings (whether in person or via phone or other
      technology) with Governmental Bodies relating to
such Legal Requirements, and (iii) provide the Accepting Shareholders with
reasonable notice of each of the foregoing, and a reasonable opportunity to
participate in the process where appropriate. 

- 43 -

10.14 Notification

Between the date of this Agreement and the Closing Date, each
of the parties to this Agreement will promptly notify the other parties in
writing if any such party becomes aware of any fact or condition that causes or
constitutes a breach of any of the representations and warranties set forth
herein, as of the date of this Agreement, or if such party becomes aware of the
occurrence after the date of this Agreement of any fact or condition that would
(except as expressly contemplated by this Agreement) cause or constitute a
breach of any such representation or warranty had such representation or
warranty been made as of the time of occurrence or discovery of such fact or
condition. Should any such fact or condition require any change in the Target
Disclosure Statement or Purchaser Disclosure Statement between the date of this
Agreement and the Closing Date, if such Disclosure Statement were dated the date
of the occurrence or discovery of any such fact or condition, the Target or the
Purchaser, as applicable, will promptly deliver to the other party a supplement
to such Disclosure Statement specifying such change. During the same period,
each party hereto will promptly notify the other parties hereto of the
occurrence of any breach of any covenant set forth herein or of the occurrence
of any event that may make the satisfaction of the conditions set forth herein
impossible or unlikely.

10.15 Best Efforts

Between the date of this Agreement and the Closing Date, the
parties will use their best efforts to cause the conditions contained in this
Agreement to be satisfied.

10.16 Disclosure of Confidential Information

Until the Closing Date and, if this Agreement is terminated
without consummation of the Transaction, then after such termination, the
Purchaser, the Target and each of the Accepting Shareholders will maintain in
confidence, will cause their respective directors, officers, Employees, agents,
and advisors to maintain in confidence, and will not use to the detriment of
another party or divulge to any third parties, other than their respective legal
and financial advisors, auditors, representatives and any other Governmental
Bodies having jurisdiction, any confidential written, oral, or other information
obtained during the course of the investigations in connection with this
Agreement or the Transaction, unless:

	 	(a) 	
      such information is already known to such party or to
      others not bound by a duty of confidentiality or such information becomes
      publicly available through no fault of such party;

	 	 	 
	 	(b) 	
      the use of such information is necessary or appropriate
      pursuant to Applicable Securities Laws or in making any filing or
      obtaining any consent or approval required for the consummation of the
      Transaction; or

	 	 	 
	 	(c) 	
      the furnishing or use of such information is required by
      or necessary or appropriate in connection with legal
  Proceedings.

10.17 Public Notices

The parties agree that they will not release or issue any
reports or statements or make any public announcements relating to this
Agreement or the Transaction without the prior written consent of the other party, except as may be required upon written advice of
counsel to comply with Applicable Laws or regulatory requirements after
consulting with the other party hereto and seeking their reasonable consent to
such announcement.

- 44 -

ARTICLE 11 
POST CLOSING COVENANT

11.1 Registration of Purchaser Shares Issued Pursuant to
Private Placement

The Target and the Accepting Shareholders hereby acknowledge
and agree that, as soon as reasonably possible after the Closing, the Purchaser
will file a registration statement on Form F-1 (or any other form applicable to
the Private Placement) with the SEC registering the Purchaser Shares issued in
the Private Placement (the “Registrable Shares”). The Purchaser will include in
such registration statement all or any part of the Registrable Shares provided,
however, that the Purchaser shall not be required to register any of the
Registrable Shares that are eligible for sale pursuant to Rule 144(k) of the
Securities Act. Notwithstanding any other provision of this Agreement, if the
Purchaser receives a comment from the SEC which effectively results in the
Purchaser having to reduce the number of Registrable Shares being registered on
such registration statement, then the Purchaser may, in its sole discretion,
reduce, on a pro rata basis, along with all other Purchaser Shares being
registered under such registration statement, the number of Registrable Shares
to be included in such registration statement.

 ARTICLE 12 
TERMINATION

12.1 Termination

This Agreement may be terminated at any time prior to the
Closing Date by:

	 	(a) 	
      mutual agreement of the Purchaser and the
  Target;

	 	 	 
	 	(b) 	
      the Purchaser, if there has been a material breach by the
      Target or a Shareholder of any material representation, warranty, covenant
      or agreement set forth in this Agreement on the part of the Target or a
      Shareholder that is not cured, to the reasonable satisfaction of the
      Purchaser, within ten (10) business days after notice of such breach is
      given by the Purchaser (except that no cure period will be provided for a
      breach by the Target or a Shareholder that, by its nature, cannot be
      cured);

	 	 	 
	 	(c) 	
      the Target, if there has been a material breach by the
      Purchaser of any material representation, warranty, covenant or agreement
      set forth in this Agreement on the part of the Purchaser that is not
      cured, to the reasonable satisfaction of the Accepting Shareholders,
      within ten (10) business days after notice of such breach is given by the
      Target or the Accepting Shareholders (except that no cure period will be
      provided for a breach by the Purchaser that by its nature cannot be
      cured);

	 	 	 
	 	(d) 	
      the Purchaser or the Target if any permanent injunction
      or other order of a Governmental Body of competent authority preventing
      the consummation of the transaction contemplated by this Agreement has
      become final and non-appealable; or

	 	 	 
	 	(e) 	
      if the Transaction has not been consummated prior to the
      Closing Date, unless otherwise extended by the written agreement of the
      parties hereto.

- 45 -

12.2 Effect of Termination

In the event of the termination of this Agreement as provided
in Section 12.1, this Agreement will be of no further force or effect, provided,
however, that no termination of this Agreement will relieve any party of
liability for any breaches of this Agreement that are based on a wrongful
refusal or failure to perform any obligations under this Agreement.

ARTICLE 13 
INDEMNITIES

13.1 Agreement of the Purchaser to Indemnify

The Purchaser will indemnify, defend, and hold harmless, to the
full extent of the law, the Target and/or the Accepting Shareholders from,
against, and in respect of any and all Losses asserted against, relating to,
imposed upon, or incurred by the Target and/or the Accepting Shareholders by
reason of, resulting from, based upon or arising out of:

	 	(a) 	
      the material breach by the Purchaser of any
      representation or warranty of the Purchaser contained in or made pursuant
      to this Agreement or any certificate or other instrument delivered
      pursuant to this Agreement; or

	 	 	 
	 	(b) 	
      the material breach or partial breach by the Purchaser of
      any covenant or agreement of the Purchaser made in or pursuant to this
      Agreement or any certificate or other instrument delivered pursuant to
      this Agreement.

13.2 Agreement of the Target and the Accepting Shareholders
to Indemnify

The Target and each Accepting Shareholder will indemnify,
defend, and hold harmless, to the full extent of the law, the Purchaser from,
against, and in respect of any and all Losses asserted against, relating to,
imposed upon, or incurred by the Purchaser by reason of, resulting from, based
upon or arising out of:

	 	(a) 	
      the material breach by the Target or a Shareholder of any
      representation or warranty of the Target or a Shareholder contained in or
      made pursuant to this Agreement or any certificate or other instrument
      delivered pursuant to this Agreement; or

	 	 	 
	 	(b) 	
      the material breach or partial breach by the Target or a
      Shareholder of any covenant or agreement of the Target or a Shareholder
      made in or pursuant to this Agreement or any certificate or other
      instrument delivered pursuant to this Agreement.

13.3 Third Party Claims

	(a) 	
      If any third party notifies a party entitled to
      indemnification under Section 13.1 or 13.2 (each an “Indemnified Party”)
      with respect to any matter (a “Third-Party Claim”) which may give rise to
      an indemnity claim against a party required to indemnify such Indemnified
      Party under Section 13.1 or 13.2 (each an “Indemnifying Party”), then the
      Indemnified Party will promptly give written notice to Indemnifying Party;
      provided, however, that no delay on the part of the Indemnified Party in
      notifying the Indemnifying Party will relieve the Indemnifying Party from
      any obligation under this Article 13, except to the extent such delay
      actually and materially prejudices the Indemnifying
  Party.

- 46 -

	(b) 	
      The Indemnifying Party will be entitled to participate in
      the defense of any Third-Party Claim that is the subject of a notice given
      by the Indemnified Party pursuant to Section 13.3(a). In addition, the
      Indemnifying Party will have the right to defend the Indemnified Party
      against the Third-Party Claim with counsel of its choice reasonably
      satisfactory to the Indemnified Party so long as (i) the Indemnifying
      Party gives written notice to the Indemnified Party within fifteen days
      after the Indemnified Party has given notice of the Third-Party Claim that
      the Indemnifying Party elects to assume the defense of such Third-Party
      Claim, (ii) the Indemnifying Party provides the Indemnified Party with
      evidence reasonably acceptable to the Indemnified Party that the
      Indemnifying Party will have adequate financial resources to defend
      against the Third-Party Claim and fulfill its indemnification obligations
      hereunder, (iii) if the Indemnifying Party is a party to the Third-Party
      Claim or, in the reasonable opinion of the indemnified Party some other
      actual or potential conflict of interest exists between the Indemnifying
      Party and the Indemnified Party, the Indemnified Party determines in good
      faith that joint representation would not be inappropriate, (iv) the
      Third-Party Claim does not relate to or otherwise arise in connection with
      Taxes or any criminal or regulatory enforcement action, (v) settlement of,
      an adverse judgment with respect to or the Indemnifying Party’s conduct of
      the defense of the Third-Party Claim is not, in the good faith judgment of
      the Indemnified Party, likely to be materially adverse to the Indemnified
      Party’s reputation or continuing business interests (including its
      relationships with current or potential customers, suppliers or other
      parties material to the conduct of its business) and (vi) the Indemnifying
      Party conducts the defense of the Third-Party Claim actively and
      diligently. The Indemnified Party may retain separate co-counsel at its
      sole cost and expense and participate in the defense of the Third-Party
      Claim; provided, however, that the Indemnifying Party will pay the
      reasonable fees and expenses of separate co-counsel retained by the
      Indemnified Party that are incurred prior to Indemnifying Party’s
      assumption of control of the defense of the Third-Party Claim.

	 	 
	(c) 	
      The Indemnifying Party will not consent to the entry of
      any judgment or enter into any compromise or settlement with respect to
      the Third-Party Claim without the prior written consent of the Indemnified
      Party unless such judgment, compromise or settlement (i) provides for the
      payment by the Indemnifying Party of money as sole relief for the
      claimant, (ii) results in the full and general release of the Indemnified
      Party from all liabilities arising or relating to, or in connection with,
      the Third-Party Claim and (iii) involves no finding or admission of any
      violation of Legal Requirements or the rights of any Person and has no
      effect on any other claims that may be made against the Indemnified
      Party.

	 	 
	(d) 	
      If the Indemnifying Party does not deliver the notice
      contemplated by Section 13.3(b)(i), or the evidence contemplated by
      Section 13.3(b)(ii), within fifteen days after the Indemnified Party has
      given notice of the Third-Party Claim, or otherwise at any time fails to
      conduct the defense of the Third-Party Claim actively and diligently, the
      Indemnified Party may defend, and may consent to the entry of any judgment
      or enter into any compromise or settlement with respect to, the Third-
      Party Claim in any manner it may deem appropriate; provided, however, that
      the Indemnifying Party will not be bound by the entry of any such judgment
      consented to, or any such compromise or settlement effected, without its
      prior written consent (which consent will not be unreasonably withheld or
      delayed). In the event that the Indemnified Party conducts the defense of
      the Third- Party Claim pursuant to this Section 13.3(d), the Indemnifying
      Party will (i) advance the Indemnified Party promptly and periodically for
      the costs of defending against the Third-Party Claim (including reasonable
      attorneys’ fees and expenses) and (ii) remain responsible for any and all
      other Losses that the Indemnified Party may incur or suffer resulting
      from, arising out of, relating to, in the nature of or caused by the
      Third-Party Claim to the fullest extent provided in this Article
  13.

- 47 -

13.4 Exclusive Remedy

After the Closing, this Article 13 shall be the sole and
exclusive remedy for any inaccuracy of any representation and warranty, or
breach of any covenant obligation, made in connection with this Agreement.

ARTICLE 14 
GENERAL

14.1 Expenses

All costs and expenses incurred in connection with the
preparation of this Agreement and the Transaction will be paid by the party
incurring such expenses, provided that the Purchaser and the Target acknowledge
and agree that each of the parties’ costs will be paid from the proceeds of a
financing to be undertaken by the Purchaser in connection this Transaction.

14.2 Indemnifications Not Affected by Investigation

The right to indemnification, payment of damages or other
remedy based on the representations, warranties, covenants, and obligations
contained herein will not be affected by any investigation conducted with
respect to, or any knowledge acquired (or capable of being acquired) at any
time, whether before or after the execution and delivery of this Agreement or
the Closing Date, with respect to the accuracy or inaccuracy of or compliance
with, any such representation, warranty, covenant or obligation. The waiver of
any condition based on the accuracy of any representation or warranty, or on the
performance of or compliance with any covenant or obligation, will not affect
the right to indemnification, payment of damages, or other remedy based on such
representations, warranties, covenants, and obligations.

14.3 Assignment

No parties to this Agreement may assign any of their respective
rights under this Agreement without the prior consent of each of the other
parties. Subject to the preceding sentence, this Agreement will apply to, be
binding in all respects upon, and inure to the benefit of the successors and
permitted assigns of each of the parties, as applicable. Nothing expressed or
referred to in this Agreement will be construed to give any Person other than
the parties to this Agreement any legal or equitable right, remedy, or claim
under or with respect to this Agreement or any provision of this Agreement. This
Agreement and all of its provisions and conditions are for the sole and
exclusive benefit of the parties to this Agreement and their successors and
assigns, as applicable.

14.4 Notices

Any notice required or permitted to be given under this
Agreement will be in writing and may be given by delivering, sending by
electronic facsimile transmission or other means of electronic communication
capable of producing a printed copy, or sending by prepaid registered mail, the
notice to the following address or number:

- 48 -

If to the Purchaser:

	 	Newcastle Resources Ltd. 
	 	Suite 605 – 475 Howe Street 
	 	Vancouver, BC V6C 2B3 
	 	  	  
	 	Attention: 	Brent Petterson 
	 	Telephone: 	(604) 684-4312 
	 	Facsimile: 	(604) 689-0046 
	 	Email: 	brentpetterson@telus.net 
	 	  	  
	 	With a copy (which will not constitute notice)
      to: 
	 	  	  
	 	Clark Wilson LLP 
	 	Barristers & Solicitors 
	 	Suite 800 – 885 West Georgia Street 
	 	Vancouver, BC V6C 3H1 
	 	  	  
	 	Attention: 	Virgil Z. Hlus 
	 	Telephone: 	(604) 687-5700 
	 	Facsimile: 	(604) 687-6314 
	 	Email: 	vzh@cwilson.com 

If to the Accepting Shareholders or to
the Target:

	 	TrichoScience Innovations Inc. 
	 	Suite 200 – 455 Granville Street 
	 	Vancouver, BC V6C 1T1 
	 	Attention: 	Matt Wayrynen 
	 	Telephone: 	604-248-8732 
	 	  	604-682-3701 
	 	Facsimile: 	604-682-3600 
	 	Email: 	mwayrynen@hotmail.com 
	 	  	  
	 	With a copy (which will not constitute notice)
      to: 
	 	  	  
	 	Borden Ladner Gervais LLP 
	 	Suite 1200 – 200 Burrard Street 
	 	Vancouver, BC 	V7X 1T2 
	 	  	  
	 	Attention: 	Warren Learmonth 
	 	Telephone: 	(604) 687-5744 
	 	Facsimile: 	(604) 687-1415 
	 	Email: 	wlearmonth@blgcanada.com 

(or to such other address or number as any party may specify by
notice in writing to another party).

Any notice delivered or sent by electronic facsimile
transmission or other means of electronic communication capable of producing a
printed copy on a business day will be deemed conclusively to have been
effectively given on the day the notice was delivered, or the transmission was
sent successfully to the number set out above, as the case may be.

- 49 -

Any notice sent by prepaid registered mail will be deemed
conclusively to have been effectively given on the third business day after
posting; but if at the time of posting or between the time of posting and the
third business day thereafter there is a strike, lockout, or other labour
disturbance affecting postal service, then the notice will not be effectively
given until actually delivered.

14.5 Governing Law; Venue

This Agreement, the legal relations between the parties and the
adjudication and the enforcement thereof, shall be governed by and interpreted
and construed in accordance with the substantive laws of the Province of British
Columbia and the laws of Canada applicable therein, without regard to applicable
choice of law provisions thereof. The parties hereto agree that any action, suit
or proceeding arising out of or relating to this Agreement or the Transaction
will be brought in a suitable court located in the Province of British Columbia
and each party hereto irrevocably submits to the exclusive jurisdiction of those
courts.

14.6 Severability

If any covenant or other provision of this Agreement is
invalid, illegal, or incapable of being enforced by reason of any rule of law or
public policy, then such covenant or other provision will be severed from and
will not affect any other covenant or other provision of this Agreement, and
this Agreement will be construed as if such invalid, illegal, or unenforceable
covenant or provision had never been contained in this Agreement. All other
covenants and provisions of this Agreement will, nevertheless, remain in full
force and effect and no covenant or provision will be deemed dependent upon any
other covenant or provision unless so expressed herein.

14.7 Entire Agreement

This Agreement, the schedules attached hereto and the other
documents in connection with this transaction contain the entire agreement
between the parties with respect to the subject matter hereof and supersede all
prior arrangements and understandings, both written and oral, expressed or
implied, with respect thereto. Any preceding correspondence or offers are
expressly superseded and terminated by this Agreement.

14.8 Further Assurances

The parties will execute and deliver all such further
documents, do or cause to be done all such further acts and things, and give all
such further assurances as may be necessary to give full effect to the
provisions and intent of this Agreement.

14.9 Enurement

This Agreement and each of the terms and provisions hereof will
enure to the benefit of and be binding upon the parties and their respective
heirs, executors, administrators, personal representatives, successors and
assigns.

14.10 Amendment

This Agreement may not be amended except by an instrument in
writing signed by each of the parties.

- 50 -

14.11 Schedules and Disclosure Statements

The schedules attached, the Target Disclosure Statement and the
Purchaser Disclosure Statement provided pursuant to this Agreement are
incorporated herein.

14.12 Counterparts

This Agreement may be executed in several counterparts, each of
which will be deemed to be an original and all of which will together constitute
one and the same instrument and delivery of an executed copy of this Agreement
by electronic facsimile transmission or other means of electronic communication
capable of producing a printed copy will be deemed to be execution and delivery
of this Agreement as of the date set forth on page one of this Agreement.

IN WITNESS WHEREOF the parties have duly executed this
Agreement as of the day and year first above written.

TRICHOSCIENCE INNOVATIONS INC.

Per: /s/ Matt
Wayrynen                             

       Authorized Signatory

NEWCASTLE RESOURCES LTD.

Per: /s/ Brent
Petterson                          

       Authorized Signatory

SCHEDULE A

SHAREHOLDER INFORMATION

[SCHEDULE A REMOVED]

SCHEDULE B

CERTIFICATE OF NON-U.S. SHAREHOLDER

Capitalized terms used but not otherwise defined in this
Certificate shall have the meanings given to such terms in that certain Share
Exchange Agreement dated October 13, 2010 (the “Agreement”) among the Purchaser,
the Target and the Accepting Shareholders, including the undersigned. In
connection with the issuance of the Consideration Shares to the undersigned, the
undersigned hereby agrees, acknowledges, represents and warrants that:

     1. the undersigned is not a “U.S.
Person” as such term is defined by Rule 902 of Regulation S (the definition of
which includes, but is not limited to, an individual resident in the U.S. and an
estate or trust of which any executor or administrator or trust, respectively is
a U.S. Person and any partnership or corporation organized or incorporated under
the laws of the U.S.);

     2. none of the Consideration
Shares have been or will be registered under the Securities Act, or under any
state securities or “blue sky” laws of any state of the United States, and may
not be offered or sold in the United States or, directly or indirectly, to U.S.
Persons, as that term is defined in Regulation S, except in accordance with the
provisions of Regulation S or pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act and in
compliance with any Applicable Securities Laws;

     3. offers and sales of any of the
Consideration Shares prior to the expiration of a period of six months after the
date of original issuance of the Consideration Shares (the six month period
hereinafter referred to as the “Distribution Compliance Period”) shall only be
made in compliance with the safe harbor provisions set forth in Regulation S,
pursuant to the registration provisions of the Securities Act or an exemption
therefrom, and that all offers and sales after the Distribution Compliance
Period shall be made only in compliance with the registration provisions of the
Securities Act or an exemption therefrom and in each case only in accordance
with applicable state and foreign securities laws;

     4. the undersigned will not
engage in any hedging transactions involving any of the Consideration Shares
unless such transactions are in compliance with the provisions of the Securities
Act and in each case only in accordance with Applicable Securities Laws;

     5. the undersigned is acquiring
the Consideration Shares for investment only and not with a view to resale or
distribution and, in particular, it has no intention to distribute either
directly or indirectly any of the Consideration Shares in the United States or
to U.S. Persons;

     6. the undersigned has not
acquired the Consideration Shares as a result of, and will not itself engage in,
any directed selling efforts (as defined in Regulation S) in the United States
in respect of the Consideration Shares which would include any activities
undertaken for the purpose of, or that could reasonably be expected to have the
effect of, conditioning the market in the United States for the resale of any of
the Consideration Shares; provided, however, that the undersigned may sell or
otherwise dispose of the Consideration Shares pursuant to registration thereof
under the Securities Act and any Applicable Securities Laws or under an
exemption from such registration requirements;

     7. the statutory and regulatory
basis for the exemption claimed for the sale of the Consideration Shares,
although in technical compliance with Regulation S, would not be available if
the offering is part of a plan or scheme to evade the registration
provisions of the Securities Act or any Applicable Securities Laws;

- B2 -

     8. except as set out in the
Agreement, the Purchaser has not undertaken, and will have no obligation, to
register any of the Consideration Shares under the Securities Act;

     9. the Purchaser is entitled to
rely on the acknowledgements, agreements, representations and warranties of the
undersigned contained in the Agreement and this Certificate, and the undersigned
will hold harmless the Purchaser from any loss or damage either one may suffer
as a result of any such acknowledgements, agreements, representations and/or
warranties made by the undersigned not being true and correct;

     10. the undersigned has been
advised to consult its own respective legal, tax and other advisors with respect
to the merits and risks of an investment in the Consideration Shares and, with
respect to applicable resale restrictions, is solely responsible (and the
Purchaser is not in any way responsible) for compliance with applicable resale
restrictions;

     11. the undersigned and the
undersigned’s advisor(s) have had a reasonable opportunity to ask questions of
and receive answers from the Purchaser in connection with the acquisition of the
Consideration Shares under the Agreement, and to obtain additional information,
to the extent possessed or obtainable by the Purchaser without unreasonable
effort or expense;

     12. the books and records of the
Purchaser were available upon reasonable notice for inspection, subject to
certain confidentiality restrictions, by the undersigned during reasonable
business hours at its principal place of business and that all documents,
records and books in connection with the acquisition of the Consideration Shares
under the Agreement have been made available for inspection by the undersigned,
the undersigned’s attorney and/or advisor(s);

13. the undersigned:

	 	(a) 	
      is knowledgeable of, or has been independently advised as
      to, the Applicable Securities Laws of the securities regulators having
      application in the jurisdiction in which the undersigned is resident (the
      “International Jurisdiction”) which would apply to the acquisition of the
      Consideration Shares;

	 	 	 
	 	(b) 	
      the undersigned is acquiring the Consideration Shares
      pursuant to exemptions from prospectus or equivalent requirements under
      Applicable Securities Laws or, if such is not applicable, the undersigned
      is permitted to acquire the Consideration Shares under the Applicable
      Securities Laws of the securities regulators in the International
      Jurisdiction without the need to rely on any exemptions;

	 	 	 
	 	(c) 	
      the Applicable Securities Laws of the authorities in the
      International Jurisdiction do not require the Purchaser to make any
      filings or seek any approvals of any kind whatsoever from any securities
      regulator of any kind whatsoever in the International Jurisdiction in
      connection with the issue and sale or resale of the Consideration Shares;
      and

	 	 	 
	 	(d) 	
      the acquisition of the Consideration Shares by the
      undersigned does not trigger:

- B3 -

	 	(i) 	
      any obligation to prepare and file a prospectus or
      similar document, or any other report with respect to such purchase in the
      International Jurisdiction; or

	 	 	 
	 	(ii) 	
      any continuous disclosure reporting obligation of the
      Purchaser in the International Jurisdiction; and

the undersigned will, if requested by
the Purchaser, deliver to the purchaser a certificate or opinion of local
counsel from the International Jurisdiction which will confirm the matters
referred to in Sections 13(c) and 13(d) above to the satisfaction of the
Purchaser, acting reasonably;

     14. the undersigned (i) is able
to fend for itself in connection with the acquisition of the Consideration
Shares; (ii) has such knowledge and experience in business matters as to be
capable of evaluating the merits and risks of its prospective investment in the
Consideration Shares; and (iii) has the ability to bear the economic risks of
its prospective investment and can afford the complete loss of such
investment;

     15. the undersigned is not aware
of any advertisement of any of the Consideration Shares and is not acquiring the
Consideration Shares as a result of any form of general solicitation or general
advertising including advertisements, articles, notices or other communications
published in any newspaper, magazine or similar media or broadcast over radio or
television, or any seminar or meeting whose attendees have been invited by
general solicitation or general advertising;

     16. except as set out in the
Agreement, no Person has made to the undersigned any written or oral
representations:

	 	(a) 	
      that any Person will resell or repurchase any of the
      Consideration Shares;

	 	 	 
	 	(b) 	
      that any Person will refund the purchase price of any of
      the Consideration Shares;

	 	 	 
	 	(c) 	
      as to the future price or value of any of the
      Consideration Shares; or

	 	 	 
	 	(d) 	
      that any of the Consideration Shares will be listed and
      posted for trading on any stock exchange or automated dealer quotation
      system or that application has been made to list and post any of the
      Consideration Shares on any stock exchange or automated dealer quotation
      system, except that currently certain market makers make market in the
      Purchaser Shares on the OTC Bulletin Board;

     17. the undersigned is outside
the United States when receiving and executing this Agreement and is acquiring
the Consideration Shares as principal for their own account, for investment
purposes only, and not with a view to, or for, resale, distribution or
fractionalization thereof, in whole or in part, and no other Person has a direct
or indirect beneficial interest in the Consideration Shares; 

     18. neither the SEC nor any other
securities commission or similar regulatory authority has reviewed or passed on
the merits of the Consideration Shares;

     19. the Consideration Shares are
not being acquired, directly or indirectly, for the account or benefit of a U.S.
Person or a Person in the United States; 

- B4 -

     20. the undersigned understands
and agrees that the Consideration Shares issued to the undersigned will bear the
following legend:

	
      “THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN
      AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED
      HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF
      1933, AS AMENDED (THE “1933 ACT”). 

	
       

	
      NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
      REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND,
      UNLESS SO REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY,
      IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN
      ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT,
      PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR
      PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
      TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN
      ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING
      TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN
      COMPLIANCE WITH THE 1933 ACT. “UNITED STATES” AND “U.S. PERSON” ARE AS
      DEFINED BY REGULATION S UNDER THE 1933 ACT.”;

     22. if the undersigned is a
resident of British Columbia, the undersigned acknowledges and agrees that, in
addition to the legend set forth in paragraph 21 above, the Consideration Shares
issued to the undersigned will also bear the following restrictive legend (the
“BC Legend”) specified in BCI 51-509:

	
      “UNLESS OTHERWISE PERMITTED UNDER SECURITIES LEGISLATION,
      THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY IN OR FROM BRITISH
      COLUMBIA UNLESS THE CONDITIONS IN SECTION 12(2) OF BC INSTRUMENT 51-509
      ISSUERS QUOTED IN THE U.S. OVER-THE- COUNTER MARKET ARE MET.”;
  

     22. if the undersigned is not a
resident of British Columbia, the undersigned acknowledges, agrees, represents
and warrants that:

	 	(a) 	
      pursuant to BCI 51-509, a subsequent trade in any of the
      Consideration Shares in or from British Columbia will be a distribution
      subject to the prospectus and registration requirements of Applicable
      Securities Laws (including the BC Act) unless certain conditions are met,
      which conditions include, among others, a requirement that any certificate
      representing the Consideration Shares (or ownership statement issued under
      a direct registration system or other book entry system) bear the BC
      Legend;

	 	 	 
	 	(b) 	the undersigned is not a resident of British Columbia and
      undertakes not to trade or resell any of the Consideration Shares in or
      from British Columbia unless the trade or resale is made in accordance
      with BCI 51-509. The undersigned understands that others will rely upon
      the truth and accuracy of the representations and warranties contained in
      this Certificate and agrees that if such representations and warranties
      are no longer accurate or have been breached, the undersigned shall
      immediately notify the Purchaser;

- B5 -

	 	(c) 	
      by executing and delivering the Agreement and this
      Certificate and as a consequence of the representations and warranties
      made by the undersigned contained in this Certificate, the undersigned
      will have directed the Purchaser not to include the BC Legend on any
      certificates representing any of the Consideration Shares to be issued to
      the undersigned. As a consequence, the undersigned will not be able to
      rely on the resale provisions of BCI 51-509, and any subsequent trade in
      any of the Consideration Shares in or from British Columbia will be a
      distribution subject to the prospectus and registration requirements of
      the BC Act; and

	 	 	 
	 	(d) 	
      if the undersigned wishes to trade or resell any of the
      Consideration Shares in or from British Columbia, the undersigned agrees
      and undertakes to return, prior to any such trade or resale, any
      certificate representing the Consideration Shares to the Purchaser’s
      transfer agent or the Purchaser, as applicable, to have the BC Legend
      imprinted on such certificate or to instruct the Purchaser’s transfer
      agent to include the BC Legend on any ownership statement issued under a
      direct registration system or other book entry system;
  and

     23. the Purchaser shall refuse to
register any transfer of Consideration Shares not made in accordance with the
provisions of Regulation S, pursuant to registration under the Securities Act,
pursuant to an available exemption from registration under the Securities Act or
pursuant to an available exemption from the registration and prospectus
requirements of the BC Act.

IN WITNESS WHEREOF, I have executed this Certificate of
Non-U.S. Shareholder.

	                                                                                                                                               	 	Date: _________________________, 2010 
	Signature 	 	  
	 	 	 
	Print Name 	 	  
	 	 	 
	Title (if applicable) 	 	  
	 	 	 
	Address 	 	  

SCHEDULE C

CERTIFICATE OF U.S. SHAREHOLDER

Capitalized terms used but not otherwise defined in this
Certificate shall have the meanings given to such terms in that certain Share
Exchange Agreement dated October 13, 2010 among the Purchaser, the Target and
the Accepting Shareholders, including the undersigned (the “Agreement”). In
connection with the issuance of the Consideration Shares to the undersigned, the
undersigned hereby agrees, acknowledges, represents and warrants, as an integral
part of the Agreement, that:

     1. the undersigned satisfies one
or more of the categories of “Accredited Investor”, as defined by Regulation D
promulgated under the Securities Act, as indicated below: (Please initial in the
space provide those categories, if any, of an “Accredited Investor” which the
undersigned satisfies.)

		_________Category 1 	An organization described in Section 501(c)(3)
      of the United States Internal Revenue Code, a corporation, a Massachusetts
      or similar business trust or partnership, not formed for the specific
      purpose of acquiring the Consideration Shares, with total assets in excess
      of US $5,000,000. 
	 	  	  
		_________Category 2 	A natural person whose individual net worth, or
      joint net worth with that person’s spouse, on the date of purchase exceeds
      US $1,000,000. 
	 	  	  
		_________Category 3 	A natural person who had an individual income
      in excess of US $200,000 in each of the two most recent years or joint
      income with that person’s spouse in excess of US $300,000 in each of those
      years and has a reasonable expectation of reaching the same income level
      in the current year. 
	 	  	  
		_________Category 4 	A private business development company as
      defined in Section 202(a)(22) of the Investment Advisers Act of 1940
      (United States). 
	 	  	  
		_________Category 5 	A director or executive officer of the Target
      who will continue to be a director or executive officer of the Purchaser
      after the Closing. 
	 	  	  
		_________Category 6 	A trust with total assets in excess of
      $5,000,000, not formed for the specific purpose of acquiring the Shares,
      whose purchase is directed by a sophisticated person as described in Rule
      506(b)(2)(ii) under the Securities Act. 
	 	  	  
		_________Category 7 	An entity in which all of the equity owners
      satisfy the requirements of one or more of the foregoing categories.
  

Note that if the undersigned is
claiming to satisfy one of the above categories of Accredited Investor, the
undersigned may be required to supply the Purchaser with a balance sheet, prior
years’ federal income tax returns or other appropriate documentation to verify
and substantiate the undersigned’s status as an Accredited Investor.

- C2 -

	 	If the undersigned is an entity which
      initialled Category 7 in reliance upon the Accredited Investor categories above, state the name and
      address of each equity owner, together with which of Categories 1 to 6 each equity owner falls into (please use an additional page if necessary): 

	 	 
	 	  
	 	  
	 	  

     2. none of the Consideration
Shares have been or will be registered under the Securities Act, or under any
state securities or “blue sky” laws of any state of the United States, and may
not be offered or sold in the United States or, directly or indirectly, to U.S.
Persons, as that term is defined in Regulation S, except in accordance with the
provisions of Regulation S or pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act and in
compliance with any applicable state and foreign securities laws;

     3. the undersigned understands
and agrees that offers and sales of any of the Consideration Shares shall be
made only in compliance with the registration provisions of the Securities Act
or an exemption therefrom and in each case only in accordance with applicable
state and foreign securities laws;

     4. the undersigned understands
and agrees not to engage in any hedging transactions involving any of the
Consideration Shares unless such transactions are in compliance with the
provisions of the Securities Act and in each case only in accordance with
applicable state and provincial securities laws;

     5. the undersigned is acquiring
the Consideration Shares for investment only and not with a view to resale or
distribution and, in particular, it has no intention to distribute either
directly or indirectly any of the Consideration Shares in the United States or
to U.S. Persons;

     6. except as set out in the
Agreement, the Purchaser has not undertaken, and will have no obligation, to
register any of the Consideration Shares under the Securities Act;

     7. the Purchaser is entitled to
rely on the acknowledgements, agreements, representations and warranties and the
statements and answers of the undersigned contained in the Agreement and this
Certificate, and the undersigned will hold harmless the Purchaser from any loss
or damage either one may suffer as a result of any such acknowledgements,
agreements, representations and/or warranties made by the undersigned not being
true and correct;

     8. the undersigned has been
advised to consult their own respective legal, tax and other advisors with
respect to the merits and risks of an investment in the Consideration Shares
and, with respect to applicable resale restrictions, is solely responsible (and
the Purchaser is not in any way responsible) for compliance with applicable
resale restrictions;

     9. the undersigned and the
undersigned’s advisor(s) have had a reasonable opportunity to ask questions of
and receive answers from the Purchaser in connection with the acquisition of the
Consideration Shares under the Agreement, and to obtain additional information,
to the extent possessed or obtainable by the Purchaser without unreasonable
effort or expense;

     10. the books and records of the
Purchaser were available upon reasonable notice for inspection, subject to
certain confidentiality restrictions, by the undersigned during reasonable
business hours at its principal place of business and that all documents,
records and books in connection with the acquisition of the Consideration Shares under the Agreement
have been made available for inspection by the undersigned, the undersigned’s
attorney and/or advisor(s);

- C3 -

     11. the undersigned (i) is able
to fend for itself in connection with the acquisition of the Consideration
Shares; (ii) has such knowledge and experience in business matters as to be
capable of evaluating the merits and risks of its prospective investment in the
Consideration Shares; and (iii) has the ability to bear the economic risks of
its prospective investment and can afford the complete loss of such
investment;

     12. the undersigned is not aware
of any advertisement of any of the Consideration Shares and is not acquiring the
Consideration Shares as a result of any form of general solicitation or general
advertising including advertisements, articles, notices or other communications
published in any newspaper, magazine or similar media or broadcast over radio or
television, or any seminar or meeting whose attendees have been invited by
general solicitation or general advertising;

     13. except as set out in the
Agreement, no person has made to the undersigned any written or oral
representations:

	 	(a) 	
      that any person will resell or repurchase any of the
      Consideration Shares;

	 	 	 
	 	(b) 	
      that any person will refund the purchase price of any of
      the Consideration Shares;

	 	 	 
	 	(c) 	
      as to the future price or value of any of the
      Consideration Shares; or

	 	 	 
	 	(d) 	
      that any of the Consideration Shares will be listed and
      posted for trading on any stock exchange or automated dealer quotation
      system or that application has been made to list and post any of the
      Consideration Shares on any stock exchange or automated dealer quotation
      system, except that currently certain market makers make market in the
      common shares of the Purchaser on the OTC Bulletin
Board;

     14. none of the Consideration
Shares are listed on any stock exchange or automated dealer quotation system
and, except as set out in the Agreement, no representation has been made to the
undersigned that any of the Consideration Shares will become listed on any stock
exchange or automated dealer quotation system, except that currently certain
market makers make market in the common shares of the Purchaser on the OTC
Bulletin Board;

     15. the undersigned is acquiring
the Consideration Shares as principal for their own account, for investment
purposes only, and not with a view to, or for, resale, distribution or
fractionalization thereof, in whole or in part, and no other person has a direct
or indirect beneficial interest in the Consideration Shares; 

     16. neither the SEC nor any other
securities commission or similar regulatory authority has reviewed or passed on
the merits of the Consideration Shares;

     17. the Purchaser shall refuse to
register any transfer of Consideration Shares not made in accordance with the
provisions of Regulation S, pursuant to registration under the Securities Act,
or pursuant to an available exemption from registration under the Securities
Act;

     18. the Consideration Shares issued to
the undersigned will bear the following legend:

	“NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
      REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
      “1933 ACT”), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT
      BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES (AS
      DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE
      PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE
      EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH
      APPLICABLE STATE SECURITIES LAWS. “UNITED STATES” AND “U.S. PERSON” ARE AS
      DEFINED BY REGULATION S UNDER THE 1933 ACT.”; 

- C4 -

     19. the address of the
undersigned included herein is the sole address of the undersigned as of the
date of this certificate;

     20. the undersigned is the
beneficial owner of their respective Consideration Shares free and clear of all
liens, charges and encumbrances of any kind whatsoever;

     21. other than the Charter
Documents of the Target, there are no written instruments, buy-sell agreements,
registration rights or agreements, voting agreements or other agreements by and
between or among the undersigned and any other Person, imposing any restrictions
upon the transfer, prohibiting the transfer of or otherwise pertaining to the
Consideration Shares held by the undersigned or the ownership thereof;

     22. no Person has or will have
any agreement or option or any right capable at any time of becoming an
agreement to purchase or otherwise acquire the Consideration Shares held by the
undersigned or require the undersigned to sell, transfer, assign, pledge,
charge, mortgage or in any other way dispose of or encumber any of their
Consideration Shares other than under the Agreement;

     23. the undersigned waives all
claims and actions connected with the issuance of or rights attached to the
Consideration Shares held by the undersigned, including without limitation, the
benefit of any representations, warranties and covenants in favour of the
undersigned contained in any share purchase or subscription agreement(s) for
such Consideration Shares; and any registration, liquidation, or any other
rights by and between or among the undersigned and any other Person, which may
be triggered as a result of the consummation of the Transaction;

     24. pursuant to BCI 51-509, a
subsequent trade in any of the Consideration Shares in or from British Columbia
will be a distribution subject to the prospectus and registration requirements
of Applicable Securities Laws in Canada (including the BC Act) unless certain
conditions are met, which conditions include, among others, a requirement that
any certificate representing the Consideration Shares (or ownership statement
issued under a direct registration system or other book entry system) bear the
restrictive legend (the “BC Legend”) specified in BCI 51-509;

     25. the undersigned is not a
resident of British Columbia and undertakes not to trade or resell any of the
Consideration Shares in or from British Columbia unless the trade or resale is
made in accordance with BCI 51-509. The undersigned understands that others will
rely upon the truth and accuracy of the representations and warranties contained
in this Certificate and agrees that if such representations and warranties are
no longer accurate or have been breached, the undersigned shall immediately
notify the Purchaser;

     27. by executing and delivering
the Agreement and as a consequence of the representations and warranties made by
the undersigned contained in this Certificate, the undersigned will have
directed the Purchaser not to include the BC Legend on any certificates
representing any of the Consideration Shares to be issued to the undersigned. As
a consequence, the undersigned will not be able to rely on the resale provisions
of BCI 51-509, and any subsequent trade in any of the Consideration Shares in or
from British Columbia will be a distribution subject to the
prospectus and registration requirements of the BC Act; and

- C5 -

     28. if the undersigned wishes to
trade or resell any of the Consideration Shares in or from British Columbia, the
undersigned agrees and undertakes to return, prior to any such trade or resale,
any certificate representing the Consideration Shares to the Purchaser’s
transfer agent or the Purchaser, as applicable, to have the BC Legend imprinted
on such certificate or to instruct the Purchaser’s transfer agent to include the
BC Legend on any ownership statement issued under a direct registration system
or other book entry system.

IN WITNESS WHEREOF, I have executed this Certificate of U.S.
Shareholder.

	                                                                                                                                               	 	Date:_______________________ , 2010 
	Signature 	 	  
	 	 	 
	Print Name 	 	  
	 	 	 
	Title (if applicable) 	 	  
	 	 	 
	Address 	 	  

SCHEDULE D

RIGHTS AND RESTRICTIONS OF CLASS B SHARES

Newcastle Resources Ltd. 
(the “Company”)

Special Rights and Restrictions attached to the 
Class B
Preference Shares

The rights and restrictions set out in this Schedule are made
in addition to and do not alter or amend the Bylaws of the Company.

1. Voting Rights

Subject to applicable laws and the conditions attaching to the
Class B Preference Shares (the “Class B Shares”), including Section 2 hereof,
the holders of the Class B Shares (the “Class B Shareholders”) shall be entitled
to receive notice of and to attend all general meetings of the shareholders of
the Company and shall have the right to vote, either in person or by proxy, at
any such meeting on the basis of one vote for each Class B Share held (the
“Voting Rights”).

2. Extinguishment of Class B Shares

The Class B Shares will be extinguished (and automatically
cancelled) on the date on which:

	 	(a) 	
      the Company has purchased common shares of TrichoScience
      Innovations Inc. (“TrichoScience”) from TrichoScience in an aggregate
      amount not less than $3,000,000, provided that the Company sells common
      shares at no less than $1.00 per share to raise the proceeds required for
      such purchase; and

	 	 	 
	 	(b) 	
      the Company has acquired at least 90% of the issued and
      outstanding common shares of TrichoScience (exclusive of any common shares
      of TrichoScience owned by the Company).

3. Approval of Holders of Class B Shares to Amendments of
Rights and Restrictions

Any amendments or alterations to the rights and restrictions of
the Class B Shares as set out in this Schedule shall, except as otherwise
required by the Corporations Act (Ontario), shall be approved by the
Class B Shareholders, with such approval to be given by an instrument or
instruments in writing signed by the Class B Shareholders holding not less than
two-thirds of the then outstanding Class B Shares or by resolution passed by at
least two-thirds of the votes cast at a meeting or adjourned meeting of the
Class B Shareholders duly called and at which a quorum was present. In the event
that such approval is to be given at a meeting of the Class B Shareholders, a
quorum for the meeting shall consist of the Class B Shareholders, present in
person or represented by proxy, of not less than a majority of the Class B
Shares outstanding at the time of the meeting. If, however, Class B Shareholders
holding a majority of the outstanding Class B Shares are not present in person
or represented by proxy at such meeting within 30 minutes after the time for
which the meeting was called and the meeting is adjourned to a subsequent date,
a quorum for the adjourned meeting shall consist of the Class B Shareholders
present in person or represented by proxy at such adjourned meeting.

- D2 -

4. Consent Required for Transfer

Other than transfers of Class B Shares among original
shareholders of TrichoScience Innovations Inc., no Class B Shares may be sold,
transferred or otherwise disposed of without the consent of the directors of the
Company and the directors of the Company are not required to give any reason for
refusing to consent to any such sale, transfer or other disposition.

SCHEDULE E

RIGHTS AND RESTRICTIONS OF CLASS C SHARES

Newcastle Resources Ltd. 
(the “Company”)

Special Rights and Restrictions attached to the 
Class C
Preference Shares

The rights and restrictions set out in this Schedule are made
in addition to and do not alter or amend the Bylaws of the Company.

1. Conversion Right

Subject to applicable laws, every two Class C Preference Shares
(each, a “Class C Share”) will entitle the holder thereof (each, a “Class C
Shareholder”) to convert such two Class C Shares into one common share of the
Company (the “Conversion Right”), provided that the Conversion Right will not be
exercisable by the Class C Shareholders until the United States Food and Drug
Administration has approved, or otherwise provided clearance for, the commercial
sale of TrichoScience Innovation Inc.’s hair cell replication technology in the
United States of America.

2. Voting Rights

Subject to applicable laws and the conditions attaching to the
Class C Shares, including Section 3 hereof, the Class C Shareholders shall be
entitled to receive notice of and to attend all general meetings of the
shareholders of the Company and shall have the right to vote, either in person
or by proxy, at any such meeting on the basis of one vote for each Class C Share
held.

3. Approval of Holders of Class C Shares to Amendment of
Rights and Restrictions

Any amendments to the rights and restrictions pertaining to the
Class C Shares as set out in this Schedule shall, except as otherwise required
by the Corporations Act (Ontario), be given by an instrument or
instruments in writing signed by the Class C Shareholders holding not less than
two-thirds of the then outstanding Class C Shares or by resolution passed by at
least two-thirds of the votes cast at a meeting or adjourned meeting of the
Class C Shareholders duly called and at which a quorum was present. In the event
that such approval is to be given at a meeting of the Class C Shareholders, a
quorum for the meeting shall consist of the Class C Shareholders, present in
person or represented by proxy, of not less than a majority of the Class C
Shares outstanding at the time of the meeting. If, however, Class C Shareholders
holding a majority of the outstanding Class C Shares are not present in person
or represented by proxy at such meeting within 30 minutes after the time for
which the meeting was called and the meeting is adjourned to a subsequent date,
a quorum for the adjourned meeting shall consist of the Class C Shareholders
present in person or represented by proxy at such adjourned meeting.

4. Consent Required for Transfer

Other than transfers of Class C Shares among original
shareholders of TrichoScience Innovations Inc., no Class C Shares may be sold,
transferred or otherwise disposed of without the consent of the directors of the
Company and the directors of the Company are not required to give any reason for
refusing to consent to any such sale, transfer or other disposition.

SCHEDULE F

CERTIFICATE OF SHAREHOLDER

Capitalized terms used but not otherwise defined in this
certificate (the “Certificate”) shall have the meanings given to such terms in
that certain Share Exchange Agreement dated October 13, 2010 (the “Agreement”)
among the Purchaser, the Target and the Accepting Shareholders (as defined in
the Agreement).

ARTICLE 1
ACQUISITION OF SHARES FROM
SHAREHOLDER

1.1 Share Exchange

The undersigned (the “Shareholder”) agrees to sell, assign and
transfer its Shares to the Purchaser, free and clear of all Encumbrances, on the
terms and conditions herein set forth, in consideration for the issuance by the
Purchaser to the Shareholder of one (1) fully paid and non-assessable Unit for
each Share tendered by the Shareholder, as fully paid and non-assessable (the
“Share Exchange”).

1.2 Fractional Consideration Shares 

No fractional Consideration Shares will be issued in connection
with the Share Exchange. In lieu of any such fractional Consideration Shares, if
the Shareholder is entitled to receive a fractional amount of Consideration
Shares, it will be entitled to have such fraction rounded up to the nearest
whole number of applicable Consideration Shares and will receive from the
Purchaser a certificate representing same.

1.3 Resale Restrictions

The Shareholder agrees to abide by all applicable resale
restrictions and hold periods imposed by Applicable Securities Laws.

1.4 Exemptions

The Shareholder acknowledges that the Purchaser has advised the
Shareholder that it is issuing the Consideration Shares to the Shareholder under
exemptions from the prospectus and/or registration requirements of Applicable
Securities Laws and, as a consequence, certain protections, rights and remedies
provided by Applicable Securities Laws, including statutory rights of rescission
or damages, will not be available to the Shareholder. To evidence the
Shareholder’s eligibility for such exemptions, the Shareholder agrees to
deliver:

	 	(a) 	
      if the Shareholder is not a U.S. Person, a fully
      completed and executed Certificate of Non-U.S. Shareholder in the form
      attached as Schedule B to the Agreement (the “Non- U.S. Certificate”);
      or

	 	 	 
	 	(b) 	
      if the Shareholder is a U.S. Person, a fully completed
      and executed Certificate of U.S. Shareholder in the form attached as
      Schedule C to the Agreement (the “U.S.
Certificate”)

to the Purchaser, and agrees that the representations and
warranties set out in the Non-U.S. Certificate or U.S. Certificate, as
applicable, as executed by the Shareholder will be true and complete on the
closing of the Share Exchange (the “Closing”).

- 2 -

ARTICLE 2
REPRESENTATIONS AND WARRANTIES
OF THE SHAREHOLDER

In connection with the issuance of the Consideration Shares to
the Shareholder, the Shareholder hereby agrees, acknowledges, represents and
warrants, and acknowledges that the Purchaser is relying upon such
acknowledgements, representations and warranties in connection with the
execution, delivery and performance of this certificate, notwithstanding any
investigation made by or on behalf of the Purchaser, that:

2.1 Capacity

The Shareholder has the capacity to own the Shares owned by it,
to execute this Certificate and to perform its obligations pursuant to this
Certificate.

2.2 Ownership

The Shareholder is the registered and beneficial owner of
____________Shares, free and clear of any Liens or Encumbrances. Upon the
Closing, except for the rights of the Purchaser pursuant to the Agreement, there
will be no outstanding options, calls or rights of any kind binding on the
Shareholder relating to or providing for the purchase, delivery or transfer of
any of its Shares, and the Shareholder has no interest, legal or beneficial,
direct or indirect, in any other shares of, or the assets or Business of, the
Target.

2.3 Execution and Delivery

The Shareholder has all requisite power and authority to
execute and deliver the Transaction Documents and to perform its respective
obligations hereunder and to consummate the Share Exchange. No other corporate
or shareholder proceedings on the part of the Shareholder is necessary to
authorize such documents or to consummate the Share Exchange. This Certificate
has been, and the other Transaction Documents when executed and delivered by the
Shareholder as contemplated by this Certificate will be, duly executed and
delivered by the Shareholder and this Agreement is, and the other Transaction
Documents when executed and delivered by the Shareholder as contemplated hereby
will be, valid and binding obligations of the Shareholder, enforceable in
accordance with their respective terms except:

	 	(a) 	
      as limited by applicable bankruptcy, insolvency,
      reorganization, moratorium and other laws of general application affecting
      enforcement of creditors’ rights generally;

	 	 	 
	 	(b) 	
      as limited by laws relating to the availability of
      specific performance, injunctive relief or other equitable remedies;
      and

	 	 	 
	 	(c) 	
      as limited by public policy.

2.4 No Violation

The execution and delivery of this Agreement, the transfer of
the Shares owned by the Shareholder and the performance, observance or
compliance with the terms of this Agreement by such Shareholder will not
violate, constitute a default under, conflict with, or give rise to any
requirement for a waiver or consent under:

	 	(a) 	
      any provision of any agreement, instrument or other
      obligation to which such Shareholder is a party or by which such
      Shareholder is bound; or

- 3 -

	 	(b) 	
      any Applicable Laws.

2.5 Waiver

Except as provided for in the Agreement, the Shareholder is
agreeing to waive all rights held by the Shareholder under prior agreements,
including shareholder agreements, pertaining to the Shares held by the
Shareholder and the Shareholder will remise, release and forever discharge the
Purchaser and its respective directors, officers, employees, successors,
solicitors, agents and assigns from any and all obligations to the Shareholder
under any such prior agreements.

2.6 Survival

Notwithstanding the Closing and the issuance of the
Consideration Shares or the waiver of any condition by the Purchaser, the
representations, warranties, covenants and agreements of the Shareholder
hereunder will (except where otherwise specifically provided in the Agreement)
survive the Closing and will continue in full force and effect indefinitely.

2.7 Reliance

The Shareholder acknowledges and agrees that the Purchaser has
agreed to enter into the Share Exchange relying on the warranties and
representations and other terms and conditions contained in this Certificate,
notwithstanding any independent searches or investigations that have been or may
be undertaken by or on behalf of the Purchaser, and that no information which is
now known or should be known or which may hereafter become known by the
Purchaser or its officers, directors or professional advisers, on the Closing,
will limit or extinguish the Purchaser’s right to indemnification hereunder.

IN WITNESS WHEREOF, I have executed this Certificate as of the
______day of _________________, _______________.

________________________________
Signature 

________________________________
Print Name 

________________________________
Title (if applicable) 

________________________________
Address

SCHEDULE G

FORM OF POOLING AGREEMENT

VOLUNTARY POOLING AGREEMENT

THIS AGREEMENT dated for reference the ______day of
_________________, 2010.

	 AMONG: 		 
	 	NEWCASTLE RESOURCES LTD.,
      a company incorporated pursuant 	 
	 	to the laws of the Province of
      Ontario and having an address at Suite 	 
	 	605–475 Howe Street, Vancouver,
      BC V6C 2B3 	 
	 	 	 
	 	(the “Issuer”) 	 
	 AND: 		 
	 	The undersigned shareholders
      of the Issuer, being all of those 	 
	 	shareholders who have signed
      Schedule A attached hereto 	 
	 	 	 
	 	(collectively, the “Undersigned”)
    	 
	 AND: 		 
	 	CLARK WILSON LLP, of Suite
      800 – 885 West Georgia Street, 	 
	 	Vancouver, British Columbia V6C
      3H1 	 
	 	 	 
	 	(the “Trustee”) 	 

WHEREAS:

A. Pursuant to the terms of a share exchange agreement (the
“Exchange Agreement”) dated October 13, 2010 among the Issuer, TrichoScience
Innovations Inc. and the Undersigned, the Undersigned will acquire and hold
common shares of the Issuer (the “ Pooling Shares”), as specified in Schedule A
attached hereto; and

B. In concurrence with the closing of the Exchange Agreement,
the Undersigned have agreed to pool the Pooling Shares, based upon and subject
to the terms and conditions of this Agreement.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of
the premises and in consideration of the sum of one dollar ($1.00) now paid by
the parties hereto, each to the other, (the receipt whereof is hereby
acknowledged) and in further consideration of the mutual covenants and
conditions hereinafter contained, the parties hereto agree as follows:

	1. 	
      In this Agreement:

	 	 	 
		(a) 	
      “Agreement” means this voluntary pooling agreement and
      any schedules or other documents attached hereto, as it may from time to
      time be supplemented or amended;

- 2 -

	 	(b) 	
      “Closing Date” shall mean the date under which the
      contemplated transactions underlying the Exchange Agreement have been
      consummated in accordance with the terms of the Exchange
  Agreement;

	 	 	 
	 	(c) 	
      “Exchange” shall mean any internationally recognized
      stock exchange or stock quotation system;

	 	 	 
	 	(d) 	
      “Pooling Shares” has the meaning set forth in Recital A
      to this Agreement; and

	 	 	 
	 	(e) 	
      “Regulators” shall mean the United States Securities and
      Exchange Commission, the British Columbia Securities Commission and/or any
      other regulatory body which governs and/or may come to govern the public
      listing or quotation of the common shares of the
Issuer.

	2. 	
      The parties acknowledge that the Pooling Shares are not
      being pooled in the manner set forth herein pursuant to a requirement of
      any Regulators or any Exchange.

	 	 
	3. 	
      The Undersigned hereby severally agree each with the
      other and with the Trustee that they will respectively deliver or cause to
      be delivered to the Trustee, certificates for such number of the Pooling
      Shares as is specified opposite their respective names in Schedule “A”
      hereto, which Pooling Shares are to be held by the Trustee and released,
      subject to this Section 3, proportionately to the Undersigned in
      accordance with their holdings of such Pooling Shares on the following
      basis:

	 	(a) 	
      15% of the Pooling Shares on the first day of the
      Issuer’s first fiscal quarter beginning after the one year anniversary of
      the Closing Date (the “First Quarter”); and

	 	 	 
	 	(b) 	
      15% of the Pooling Shares on the first day of each of the
      Issuer’s next five (5) fiscal quarters after the First Quarter;
  and

	 	 	 
	 	(c) 	
      10% of the Pooling Shares on the first day of each of the
      Issuer’s sixth fiscal quarter after the First
Quarter.

	4. 	
      Each of the Undersigned shall be entitled from time to
      time to a letter or receipt from the Trustee stating the number of Pooling
      Shares represented by certificates held for him by the Trustee subject to
      the terms of this Agreement, but such letter or receipt shall not be
      assignable.

	 	 
	5. 	
      The Undersigned shall not sell, deal in, assign, transfer
      in any manner whatsoever, or agree to sell, deal in, assign or transfer in
      any manner whatsoever, any of their respective Pooling Shares or
      beneficial ownership of or any interest in their respective Pooling Shares
      and the Trustee shall not accept or acknowledge any transfer, assignment,
      declaration of trust or any other document evidencing a change in legal
      and beneficial ownership of or interest in the Pooling Shares, except as
      may be required by reason of the death or bankruptcy of any one or more of
      the Undersigned, in which case the Trustee shall hold the certificates for
      the Pooling Shares of such Undersigned subject to this Agreement for
      whatever person or persons, firm or corporation may thus become legally
      entitled thereto.

	 	 
	6. 	
      If, during the period in which any of the Pooling Shares
      are retained in trust pursuant hereto, any dividend other than a dividend
      paid in common shares of the Issuer is received by the Trustee in respect
      of the Pooling Shares, such dividend shall be paid or transferred
      forthwith to the Undersigned entitled thereto. Any common shares of the
      Issuer received by way of dividend in respect of the Pooling Shares shall
  be dealt with as if they were shares hereunder.

- 3 -

	7. 	
      In exercising the rights, duties and obligations
      prescribed or confirmed by this Agreement, the Trustee will act honestly
      and in good faith and will exercise that degree of care, diligence and
      skill that a reasonably prudent person would exercise in comparable
      circumstances.

	 	 
	8. 	
      The Undersigned and the Issuer agree from time to time
      and at all times hereafter well and truly to save, defend and keep
      harmless and fully indemnify the Trustee, its successors and assigns from
      and against all loss, costs, charges, suits, demands, claims, damages and
      expenses which the Trustee, its successors or assigns may at any time or
      times hereafter bear, sustain, suffer or be put unto for or by reason or
      on account of its acting pursuant to this Agreement or anything in any
      manner relating thereto or by reason of the Trustee’s compliance in good
      faith with the terms hereof.

	 	 
	9. 	
      In case proceedings should hereafter be taken in any
      court respecting the Pooling Shares, the Trustee will not be obliged to
      defend any such action or submit its rights to the court until it has been
      indemnified by other good and sufficient security in addition to the
      indemnity given in Section 8 against its costs of such
  proceedings.

	 	 
	10. 	
      The Trustee will have no responsibility in respect of
      loss of the certificates representing the Pooling Shares except the duty
      to exercise such care in the safekeeping thereof as it would exercise if
      the Pooling Shares belonged to the Trustee. The Trustee may act on the
      advice of counsel but will not be responsible for acting or failing to act
      on the advice of counsel.

	 	 
	11. 	
      In the event that the Pooling Shares are attached,
      garnished or levied upon under any court order, or if the delivery of such
      property is stayed or enjoined by any court order or if any court order,
      judgment or decree is made or entered affecting such property or affecting
      any act by the Trustee, the Trustee will obey and comply with all writs,
      orders, judgments or decrees so entered or issued, whether with or without
      jurisdiction, notwithstanding any provision of this Agreement to the
      contrary. If the Trustee obeys and complies with any such writs, orders,
      judgments or decrees, it will not be liable to any of the parties hereto
      or to any other person, form or corporation by reason of such compliance,
      notwithstanding that such writs, orders, judgments or decrees may be
      subsequently reversed, modified, annulled, set aside or vacated.

	 	 
	12. 	
      Except as herein otherwise provided, the Trustee is
      authorized and directed to disregard any and all notices and warnings
      which may be given to it by any of the parties hereto or by any other
      person, firm, association or corporation. It will, however, obey the
      order, judgment or decree of any court of competent jurisdiction, and it
      is hereby authorized to comply with and obey such orders, judgments or
      decrees and in case of such compliance, it shall not be liable by reason
      thereof to any of the parties hereto or to any other person, firm,
      association or corporation, even if thereafter any such order, judgment or
      decree may be reversed, modified, annulled, set aside or
vacated.

	 	 
	13. 	
      If the Trustee receives any valid court order contrary to
      the instructions contained in this Agreement, the Trustee may continue to
      hold the Pooling Shares until the lawful determination of the issue
      between the parties hereto.

	 	 
	14. 	
      If written notice of protest is made by any of the
      Undersigned and/or the Issuer to the Trustee to any action contemplated by
      the Trustee under this Agreement, and such notice sets out
  reasons for such protest, the Trustee may, at its sole
      discretion, continue to hold the Pooling Shares until the right to the
      documents is legally determined by a court of competent jurisdiction or
  otherwise.

- 4 -

	15. 	
      The Trustee may resign as Trustee by giving not less than
      five (5) days’ notice thereof to the Undersigned and the Issuer. The
      Undersigned and the Issuer may terminate the Trustee by giving not less
      than five (5) days’ notice to the Trustee. The resignation or termination
      of the Trustee will be effective and the Trustee will cease to be bound by
      this Agreement on the date that is five (5) days after the date of receipt
      of the termination notice given hereunder or on such other date as the
      Trustee, the Undersigned and the Issuer may agree upon. All indemnities
      granted to the Trustee herein will survive the termination of this
      Agreement or the termination or resignation of the Trustee. In the event
      of termination or resignation of the Trustee for any reason, the Trustee
      shall, within that five (5) days’ notice period deliver the Pooling Shares
      to the new trustee to be named by the Undersigned and the
Issuer.

	 	 
	16. 	
      Notwithstanding anything to the contrary contained
      herein, in the event of any dispute arising between any of the Undersigned
      and/or the Issuer, this Agreement or any matters arising thereto, the
      Trustee may, in its sole discretion, deliver and interplead the Pooling
      Shares into court and such delivery and interpleading will be an effective
      discharge to the Trustee.

	 	 
	17. 	
      The Issuer will pay all of the compensation of the
      Trustee and will reimburse the Trustee for any and all reasonable
      expenses, disbursements and advances made by the Trustee in the
      performance of its duties hereunder, including reasonable fees, expenses
      and disbursements incurred by its counsel.

	 	 
	18. 	
      This Agreement shall enure to the benefit of and be
      binding upon the parties hereto and each of their heirs, executors,
      administrators, successors and permitted assigns.

	 	 
	19. 	
      This Agreement may be executed in several parts in the
      same form and such part as so executed shall together constitute one
      original agreement, and such parts, if more than one, shall be read
      together and construed as if all the signing parties hereto had executed
      one copy of this Agreement.

	 	 
	20. 	
      The parties hereto agree that in consideration of the
      Trustee agreeing to act as Trustee as aforesaid, the Undersigned do hereby
      covenant and agree from time to time and at all times hereafter well and
      truly to save, defend, and keep harmless and fully indemnify the Trustee,
      its successors and assigns, from and against all loss, costs, charges,
      damages and expenses which the Trustee, its successors or assigns, may at
      any time or times hereafter bear, sustain, suffer or be put to for or by
      reason or on account of its acting as Trustee pursuant to this
      Agreement.

	 	 
	21. 	
      This Agreement will be governed by and construed in
      accordance with the law of British Columbia.

	 	 
	22. 	
      It is further agreed by and between the parties hereto
      and, without restricting the foregoing indemnity, that in case proceedings
      should hereafter be taken in any Court respecting the shares hereby
      pooled, the Trustee shall not be obliged to defend any such action or
      submit its rights to the Court until it shall have been indemnified by
      other good and sufficient security in addition to the indemnity
      hereinbefore given against costs of such
proceedings.

- 5 -

IN WITNESS WHEREOF the Undersigned (as indicated by the
execution of Schedule A opposite their respective names) and the Trustee have
executed the presents as and from the day and year first above written.

CLARK WILSON LLP

Per:
_____________________
        Authorized
Signatory

NEWCASTLE RESOURCES LTD.

Per:
______________________
       Authorized
Signatory

SCHEDULE A

SHAREHOLDER INFORMATION

[SCHEDULE A REMOVED]

SCHEDULE H

LIST OF TARGET STOCK OPTIONS

	

      
Optionee 	

      Number of Target 
Options
      Held 	Number of 

      Purchaser Options
      
to be Granted 
	David McLean 	150,000 	150,000 
	Peter Jensen 	65,000 	65,000 
	Erich Mohr 	50,000 	50,000 
	Andreas Finner 	20,000 	20,000 
	Rolf Hoffmann 	450,000 	450,000 
	Kevin McElwee 	450,000 	450,000 
	Matt Wayrynen 	450,000 	450,000 
	TOTAL: 	1,635,000 	1,635,000Newcastle Resources Ltd.: Exhibit 4.2 - Filed by newsfilecorp.com

VOLUNTARY POOLING AGREEMENT

THIS AGREEMENT dated for reference the 22nd day of December,
2010.

	 AMONG: 	 	 
	 	NEWCASTLE RESOURCES LTD., a company
      incorporated pursuant 	 
	 	to the laws of the Province of Ontario and
      having an address at Suite 	 
	 	605–475 Howe Street, Vancouver, BC V6C 2B3 	 
	 	(the “Issuer”) 	 
	 AND: 	 	 
	 	The undersigned shareholder of the
      Issuer 	 
	 	(collectively, the “Undersigned”) 	 
	 AND: 	 	 
	 	CLARK WILSON LLP, of Suite 800 – 885
      West Georgia Street, 	 
	 	Vancouver, British Columbia V6C 3H1 	 
	 	(the “Trustee”) 	 

WHEREAS:

A. Pursuant to the terms of a share exchange agreement (the
“Exchange Agreement”) dated October 13, 2010 among the Issuer, TrichoScience
Innovations Inc. (“Tricho”) and the Undersigned, the Undersigned will acquire
and hold common shares of the Issuer, as specified in Schedule A attached
hereto; and

B. In concurrence with the exchange of common shares of Tricho
pursuant to the Exchange Agreement from time to time, the Undersigned has agreed
to pool the common shares of the Issuer (the “Pooling Shares”) that it receives
on each such exchange, based upon and subject to the terms and conditions of
this Agreement.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of
the premises and in consideration of the sum of one dollar ($1.00) now paid by
the parties hereto, each to the other, (the receipt whereof is hereby
acknowledged) and in further consideration of the mutual covenants and
conditions hereinafter contained, the parties hereto agree as follows:

1. In this Agreement:

	 	(a) 	
      “Agreement” means this voluntary pooling agreement and
      any schedules or other documents attached hereto, as it may from time to
      time be supplemented or amended;

- 2 -

	 	(b) 	
      “Closing Date” shall mean the date under which the
      contemplated transactions underlying the Exchange Agreement have been
      consummated in accordance with the terms of the Exchange
  Agreement;

	 	 	 
	 	(c) 	
      “Exchange” shall mean any internationally recognized
      stock exchange or stock quotation system;

	 	 	 
	 	(d) 	
      “Pooling Shares” has the meaning set forth in Recital B
      to this Agreement; and

	 	 	 
	 	(e) 	
      “Regulators” shall mean the United States Securities and
      Exchange Commission, the British Columbia Securities Commission and/or any
      other regulatory body which governs and/or may come to govern the public
      listing or quotation of the common shares of the
Issuer.

2. The parties acknowledge that the Pooling Shares are not
being pooled in the manner set forth herein pursuant to a requirement of any
Regulators or any Exchange.

3. The Undersigned hereby severally agree each with the other
and with the Trustee that they will respectively deliver or cause to be
delivered to the Trustee, certificates for such number of the Pooling Shares as
is specified opposite their respective names in Schedule “A” hereto, which
Pooling Shares are to be held by the Trustee and released, subject to this
Section 3, proportionately to the Undersigned in accordance with their holdings
of such Pooling Shares on the following basis:

	 	(a) 	
      15% of the Pooling Shares on the first day of the
      Issuer’s first fiscal quarter beginning after the one year anniversary of
      the Closing Date (the “First Quarter”); and

	 	 	 
	 	(b) 	
      15% of the Pooling Shares on the first day of each of the
      Issuer’s next five (5) fiscal quarters after the First Quarter;
  and

	 	 	 
	 	(c) 	
      10% of the Pooling Shares on the first day of each of the
      Issuer’s sixth fiscal quarter after the First
Quarter.

4. Each of the Undersigned shall be entitled from time to time
to a letter or receipt from the Trustee stating the number of Pooling Shares
represented by certificates held for him by the Trustee subject to the terms of
this Agreement, but such letter or receipt shall not be assignable.

5. Except for transfers among Dr. David McLean, Dr. Rolf
Hoffman, Dr. Jerry Shapiro, Dr. Kevin McElwee, Dr. Harvey Lui and Matt Wayrynen,
the Undersigned shall not sell, deal in, assign, transfer in any manner
whatsoever, or agree to sell, deal in, assign or transfer in any manner
whatsoever, any of their respective Pooling Shares or beneficial ownership of or
any interest in their respective Pooling Shares and the Trustee shall not accept
or acknowledge any transfer, assignment, declaration of trust or any other
document evidencing a change in legal and beneficial ownership of or interest in
the Pooling Shares, except as may be required by reason of the death or
bankruptcy of any one or more of the Undersigned, in which case the Trustee
shall hold the certificates for the Pooling Shares of such Undersigned subject
to this Agreement for whatever person or persons, firm or corporation may thus
become legally entitled thereto.

6. If, during the period in which any of the Pooling Shares are
retained in trust pursuant hereto, any dividend other than a dividend paid in
common shares of the Issuer is received by the Trustee in respect of the Pooling
Shares, such dividend shall be paid or transferred forthwith to the Undersigned
entitled thereto. Any common shares of the Issuer received by way of
dividend in respect of the Pooling Shares shall be dealt with as if they were
shares hereunder.

- 3 -

7. In exercising the rights, duties and obligations prescribed
or confirmed by this Agreement, the Trustee will act honestly and in good faith
and will exercise that degree of care, diligence and skill that a reasonably
prudent person would exercise in comparable circumstances.

8. The Undersigned and the Issuer agree from time to time and
at all times hereafter well and truly to save, defend and keep harmless and
fully indemnify the Trustee, its successors and assigns from and against all
loss, costs, charges, suits, demands, claims, damages and expenses which the
Trustee, its successors or assigns may at any time or times hereafter bear,
sustain, suffer or be put unto for or by reason or on account of its acting
pursuant to this Agreement or anything in any manner relating thereto or by
reason of the Trustee’s compliance in good faith with the terms hereof.

9. In case proceedings should hereafter be taken in any court
respecting the Pooling Shares, the Trustee will not be obliged to defend any
such action or submit its rights to the court until it has been indemnified by
other good and sufficient security in addition to the indemnity given in Section
8 against its costs of such proceedings.

10. The Trustee will have no responsibility in respect of loss
of the certificates representing the Pooling Shares except the duty to exercise
such care in the safekeeping thereof as it would exercise if the Pooling Shares
belonged to the Trustee. The Trustee may act on the advice of counsel but will
not be responsible for acting or failing to act on the advice of counsel.

11. In the event that the Pooling Shares are attached,
garnished or levied upon under any court order, or if the delivery of such
property is stayed or enjoined by any court order or if any court order,
judgment or decree is made or entered affecting such property or affecting any
act by the Trustee, the Trustee will obey and comply with all writs, orders,
judgments or decrees so entered or issued, whether with or without jurisdiction,
notwithstanding any provision of this Agreement to the contrary. If the Trustee
obeys and complies with any such writs, orders, judgments or decrees, it will
not be liable to any of the parties hereto or to any other person, form or
corporation by reason of such compliance, notwithstanding that such writs,
orders, judgments or decrees may be subsequently reversed, modified, annulled,
set aside or vacated.

12. Except as herein otherwise provided, the Trustee is
authorized and directed to disregard any and all notices and warnings which may
be given to it by any of the parties hereto or by any other person, firm,
association or corporation. It will, however, obey the order, judgment or decree
of any court of competent jurisdiction, and it is hereby authorized to comply
with and obey such orders, judgments or decrees and in case of such compliance,
it shall not be liable by reason thereof to any of the parties hereto or to any
other person, firm, association or corporation, even if thereafter any such
order, judgment or decree may be reversed, modified, annulled, set aside or
vacated.

13. If the Trustee receives any valid court order contrary to
the instructions contained in this Agreement, the Trustee may continue to hold
the Pooling Shares until the lawful determination of the issue between the
parties hereto.

14. If written notice of protest is made by any of the
Undersigned and/or the Issuer to the Trustee to any action contemplated by the
Trustee under this Agreement, and such notice sets out reasons for such protest,
the Trustee may, at its sole discretion, continue to hold the Pooling Shares
until the right to the documents is legally determined by a court of competent
jurisdiction or otherwise.

- 4 -

15. The Trustee may resign as Trustee by giving not less than
five (5) days’ notice thereof to the Undersigned and the Issuer. The Undersigned
and the Issuer may terminate the Trustee by giving not less than five (5) days’
notice to the Trustee. The resignation or termination of the Trustee will be
effective and the Trustee will cease to be bound by this Agreement on the date
that is five (5) days after the date of receipt of the termination notice given
hereunder or on such other date as the Trustee, the Undersigned and the Issuer
may agree upon. All indemnities granted to the Trustee herein will survive the
termination of this Agreement or the termination or resignation of the Trustee.
In the event of termination or resignation of the Trustee for any reason, the
Trustee shall, within that five (5) days’ notice period deliver the Pooling
Shares to the new trustee to be named by the Undersigned and the Issuer.

16. Notwithstanding anything to the contrary contained herein,
in the event of any dispute arising between any of the Undersigned and/or the
Issuer, this Agreement or any matters arising thereto, the Trustee may, in its
sole discretion, deliver and interplead the Pooling Shares into court and such
delivery and interpleading will be an effective discharge to the Trustee.

17. The Issuer will pay all of the compensation of the Trustee
and will reimburse the Trustee for any and all reasonable expenses,
disbursements and advances made by the Trustee in the performance of its duties
hereunder, including reasonable fees, expenses and disbursements incurred by its
counsel.

18. This Agreement shall enure to the benefit of and be binding
upon the parties hereto and each of their heirs, executors, administrators,
successors and permitted assigns.

19. This Agreement may be executed in several parts in the same
form and such part as so executed shall together constitute one original
agreement, and such parts, if more than one, shall be read together and
construed as if all the signing parties hereto had executed one copy of this
Agreement.

20. The parties hereto agree that in consideration of the
Trustee agreeing to act as Trustee as aforesaid, the Undersigned do hereby
covenant and agree from time to time and at all times hereafter well and truly
to save, defend, and keep harmless and fully indemnify the Trustee, its
successors and assigns, from and against all loss, costs, charges, damages and
expenses which the Trustee, its successors or assigns, may at any time or times
hereafter bear, sustain, suffer or be put to for or by reason or on account of
its acting as Trustee pursuant to this Agreement.

21. This Agreement will be governed by and construed in
accordance with the law of British Columbia.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

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22. It is further agreed by and between the parties hereto and,
without restricting the foregoing indemnity, that in case proceedings should
hereafter be taken in any Court respecting the shares hereby pooled, the Trustee
shall not be obliged to defend any such action or submit its rights to the Court
until it shall have been indemnified by other good and sufficient security in
addition to the indemnity hereinbefore given against costs of such
proceedings.

IN WITNESS WHEREOF the Undersigned and the Trustee have
executed the presents as and from the day and year first above written.

CLARK WILSON LLP

Per: /s/ Clark Wilson
LLP      
      
Authorized Signatory

NEWCASTLE RESOURCES LTD.

Per: /s/ Brent
Petterson       
       
Authorized Signatory

SCHEDULE A

SHAREHOLDER INFORMATION

[SCHEDULE A REMOVED]

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