Document:

EXHIBIT
      10.16

    

    TRANSLATION
      FOR CONVENIENCE ONLY - NOT LEGALLY BINDING

     

    [TRANSLATION]

     

    
      	
              AGREEMENT
                FOR SUPPLY OF SPRING WATER

            
	 	 	 
	
              BETWEEN:

            	 	
              WATER
                BANK OF AMERICA INC.,
                a
                corporation legally incorporated pursuant to the Canada
                Business Corporations Act,
                with its registered office at 5, Place Ville-Marie, Montreal, Quebec
                H3B 2G2, duly represented for the purposes hereof by Mr. Jean
                Jean Pelletier, authorized to act for the purposes hereof as declared
                by
                him;

            
	 	 	 
	 	 	
              hereinafter
                referred to as “WBOA”

            
	 	 	 
	
              AND:

            	 	
              4287762
                CANADA INC.,
                a
                corporation legally incorporated pursuant to the Canada
                Business Corporations Act,
                with its registered office at 12,271 Route 11, Village Blanchard,
                New Brunswick, Canada E8P 1R4, duly represented by
                Mr. Bruno St-Onge, authorized to act for the purposes hereof as
                declared by him;

            
	 	 	 
	 	 	
              hereinafter
                referred to as “CANADA INC.”

            
	 	 	 
	
              AND:

            	 	
              ANTIROUILLE
                MÉTROPOLITAIN CANADA LTÉE,
                a
                corporation legally incorporated pursuant to the Canada
                Business Corporations Act,
                with its registered office at 3175 Thibeau Blvd., Trois-Rivières, Province
                of Quebec, duly represented by Mr. Bruno St-Onge, authorized to act
                for the purposes hereof as declared by him;

            
	 	 	 
	 	 	
              hereinafter
                referred to as the “INTERVENER”

            

    

     

    WHEREAS
      a
      promise to sell was executed, on January 26, 2006, between WBOA and
      Bruno St-Onge, the latter having designated the INTERVENER as the
      purchaser;

     

    WHEREAS
      said
      promise to sell stipulates that the sale of the shares of 4287762 CANADA INC.,
      which exploits a spring located in New Brunswick (hereinafter referred to
      as the “Spring”), is conditional upon the parties having agreed to an agreement
      for the supply and manufacture of secured spring water ice cubes;

     

    
      
        
        

      

      
        Page
          1

        
          

        

      

      
        
        

      

    

     

    WHEREAS
      the
      Spring has an annual catchment capacity of approximately ONE BILLION SIX HUNDRED
      FORTY MILLION (1,640,000,000) litres of water;

     

    WHEREAS
      the
      parties hereby wish to enter into a private agreement whereby CANADA INC. will
      grant to WBOA the water rights for a fixed price and period;

     

    THE
      PARTIES AGREE AS FOLLOWS:

     

    
      	
              1.

            	
              PREAMBLE

            

    

     

    
      	 	
              1.1

            	
              The
                preamble is an integral part hereof.

            

    

     

    
      	
              2.

            	
              WATER
                RIGHTS

            

    

     

    
      	 	
              2.1

            	
              Quantity

            

      	 	 	 

      	 	 	
              CANADA
                INC. undertakes to grant to WBOA annual water rights in an amount
                equal to
                approximately EIGHT HUNDRED MILLION (800,000,000) litres of water,
                or the
                equivalent of fifty percent (50%) of the hydraulic capacity of the
                Spring,
                spread out evenly over twelve (12) months.

            

    

     

    
      	 	
              2.2

            	
              Cost

            

      	 	 	 

      	 	 	
              The
                cost of the water rights stipulated in paragraph 2.1 shall be SIXTEEN
                CENTS ($0.16) per litre of water, whether bottled or in the form
                of
                secured spring water ice cubes for the first year of this agreement,
                which
                price shall be indexed annually according to general inflation for
                the
                price of spring water in North America. Moreover, it is understood
                that
                the price of the water sold internationally will be increased by
                the extra
                premiums related to liability insurance. 

            

      	 	 	 

      	 	 	
              Moreover,
                subject to CANADA INC. having the necessary infrastructures and
                authorizations to sell water in bulk, the price of bulk water shall
                be
                equivalent to the Canadian average for such product, plus any related
                expenses with respect to regulatory standards.

            

    

     

    
      	 	
              2.3

            	
              Purchase
                Estimates

            

      	 	 	 

      	 	 	
              On
                the first day of each month, WBOA shall provide a written estimate
                of the
                number of litres of water which it intends to acquire over the following
                three (3) months (hereinafter referred to as the “Period”). In the event
                that WBOA does not in fact use all of the water rights granted to
                it for
                the Period and if CANADA INC. has in its possession a written contract
                signed by a third party in good faith for an amount equivalent or
                exceeding the amount available during said Period or during a period
                not
                exceeding two (2) years, CANADA INC. may demand that WBOA confirms
                the
                amount of litres of water which it intends to purchase during said
                Period
                or during the period covered by the agreement insofar that the Period
                does
                not exceed two (2) years. In such event, WBOA shall have a delay
                of
                fifteen (15) days to formally confirm that it irrevocably undertakes
                to
                purchase a specific quantity of litres of water and to demonstrate
                its
                capacity to pay. 

            

    

     

    
      
        
        

      

      
        Page
          2

        
          

        

      

      
        
        

      

    

     

    
      	 	
              2.4

            	
              Quality

            

      	 	 	 

      	 	 	
              CANADA
                INC. undertakes to provide and process for WBOA high quality spring
                water
                which conforms to regulatory and legislative applicable norms in
                Canada
                and in the United States, as the case may be.

            

    

     

    
      	 	
              2.5

            	
              Exclusivity

            

      	 	 	 

      	 	 	
              It
                is expressly understood, for the term provided for in Section 6 of
                this agreement, that WBOA shall not obtain its supply of spring water,
                for
                the territories of Canada and the United States, from any other source,
                save and except as provided for hereinafter.

            

      	 	 	 

      	 	 	
              Thus,
                notwithstanding the above paragraph, it is expressly understood that
                WBOA
                shall be allowed to obtain its supply of spring water from any other
                source if one or any of the following conditions should
                arise:

            

    

     

    
      	 	
              (i)

            	
              if
                the spring water supplied by CANADA INC. does not meet regulatory
                and
                legislative applicable norms in Canada and the United States and
                CANADA
                INC., and that it has not remedied such situation within sixty (60)
                days
                following the delivery of a written notice to this
                effect;

            

    

     

    
      	 	
              (ii)

            	
              if
                CANADA INC. cannot fulfil the orders as provided for by WBOA for
                a Period,
                for any reasons whatsoever.

            

    

     

    Moreover,
      the parties acknowledge and represent that none of the provisions in this
      section will be interpreted as preventing WBOA from obtaining supplies of
      treated water for the purpose of purchasing and/or manufacturing secured ice
      cubes, the whole as more fully described in Section 2.3 of the Agreement
      for the Manufacture of Secured Spring Water Ice Cubes and Bottled Water entered
      into on this date between the parties. 

     

    
      	 	
              2.6

            	
              “ICE
                ROCKS” Trademark

            

      	 	 	 

      	 	 	
              WBOA
                undertakes to never associate the “ICE ROCKS” trademark with products
                containing treated water (namely bottled treated water and secured
                ice
                cubes made with treated water). 

            

    

     

    
      	
              3.

            	
              OPTIONS

            

    

     

    
      	 	
              3.1

            	
              In
                consideration of the water rights provided for in the above-mentioned
                Section 2, WBOA shall grant to CANADA INC. an option to acquire SIX
                MILLION (6,000,000) Class A Shares in WBOA’s share capital for a
                period of five (5) years of the execution hereof and for a purchase
                price
                of TWENTY-FIVE CENT ($0.25) per share.

            

    

     

    
      
        
        

      

      
        Page
          3

        
          

        

      

      
        
        

      

    

     

    
      	
              4.

            	
              TERM

            

      	 	 

      	 	
              This
                agremment will have a term of twenty (20) years following the date
                of its
                execution. 

            

    

     

    
      	
              5.

            	
              DEFAULT

            

    

     

    
      	 	
              5.1

            	
              Termination
                by WBOA

            

    

     

    The
      following events are deemed to be events of default and will entitle WBOA to
      terminate this agreement upon giving CANADA INC. a sixty (60) day written notice
      to this effect if:

     

    
      	 	
              (i)

            	
              CANADA
                INC. fails to honour one or several clauses of the agreement or of
                any
                other agreement in effect between the
                parties;

            

    

     

    
      	 	
              (ii)

            	
              CANADA
                INC. is declared bankrupt or insolvent by a competent court, assigns
                its
                business or all or a substantial portion of its assets for the benefit
                of
                its creditors in general;

            

    

     

    
      	 	
              (iii)

            	
              other
                than pursuant to an internal reorganisation, a merger or an acquisition,
                CANADA INC. proceeds with the liquidation of its business or of all
                or a
                substantial portion of its assets, or with the dissolution of its
                corporate entity;

            

    

     

    
      	 	
              (iv)

            	
              CANADA
                INC. avails itself of a law relating to the protection of insolvents
                or a
                law relating to restructuring, arrangements and liquidation, or any
                other
                similar law relating to the rights of creditors in
                general;

            

    

     

    
      	 	
              (v)

            	
              CANADA
                INC. files a proposal pursuant to the Bankruptcy
                and Insolvency Act
                (Canada) or does not contest the filing by a third party of a petition
                in
                bankruptcy pursuant to such act;

            

    

     

    
      	 	
              (vi)

            	
              CANADA
                INC. requests the appointment of a liquidator or a receiver to manage
                or
                liquidate its business or all or a substantial portion of its assets
                or
                does not contest the filing by a third party of a petition regarding
                such
                appointment;

            

    

     

    
      	 	
              (vii)

            	
              the
                business of CANADA INC. or all or a substantial portion of its assets
                are
                subject to seizure by a creditor or are put in receivership or a
                liquidator is appointed with respect thereto, to manage or liquidate
                its
                business or all or a substantial portion of its assets, unless such
                seizure, receivership or appointment of a liquidator is cancelled
                within
                fifteen (15) days;

            

    

     

    
      	 	
              (viii)

            	
              without
                limiting the preceding, CANADA INC. is in breach of one or any of
                its
                obligations pursuant to this agreement.

            

    

     

    
      
        
        

      

      
        Page
          4

        
          

        

      

      
        
        

      

    

     

    
      	 	
              5.2

            	
              Termination
                by CANADA INC.

            

    

     

    The
      following events are deemed to be events of default and will entitle CANADA
      INC.
      to terminate this agreement upon giving WBOA a sixty (60) day written notice
      to
      this effect if:

     

    
      	 	
              (i)

            	
              WBOA
                fails to honour one or several clauses of the agreement or of any
                other
                agreement in effect between the
                parties;

            

    

     

    
      	 	
              (ii)

            	
              WBOA
                is declared bankrupt or insolvent by a competent court, assigns of
                its
                business or all or a substantial portion of its assets for the benefit
                of
                its creditors in general;

            

    

     

    
      	 	
              (iii)

            	
              other
                than pursuant to an internal reorganisation, a merger or an acquisition,
                WBOA proceeds with the liquidation of its business or of all or a
                substantial portion of its assets or with the dissolution of its
                corporate
                entity;

            

    

     

    
      	 	
              (iv)

            	
              WBOA
                avails itself of a law relating to the protection of insolvents or
                a law
                relating to restructuring, arrangements and liquidation, or any other
                similar law relating to the rights of creditors in
                general;

            

    

     

    
      	 	
              (v)

            	
              WBOA
                files a proposal pursuant to the Bankruptcy
                and Insolvency Act
                (Canada) or does not contest the filing by a third party of a petition
                in
                bankruptcy pursuant to such act;

            

    

     

    
      	 	
              (vi)

            	
              WBOA
                requests the appointment of a liquidator or a receiver to manage
                or
                liquidate its business or all or a substantial portion of its assets
                or
                does not contest the filing by a third party of a petition regarding
                such
                appointment;

            

    

     

    
      	 	
              (vii)

            	
              the
                business of WBOA or all or a substantial portion of its assets are
                subject
                to seizure by a creditor or are put in receivership or a liquidator
                is
                appointed with respect thereto, to manage or liquidate its business
                or all
                or a substantial portion of its assets, unless such seizure, receivership
                or appointment of a liquidator is cancelled within fifteen (15)
                days;

            

    

     

    
      	 	
              (viii)

            	
              in
                the event that WBOA does not purchase from CANADA INC. and
                settle:

            

    

     

    
      	 	
              ·

            	
              for
                the first year, an amount of water totalling FIVE HUNDRED THOUSAND
                DOLLARS
                CANADIAN ($500,000.00 CDN) following the purchase and the installation
                of
                the production unit as defined in Section 2.1 of the Agreement for
                the
                Manufacture of Secured Spring Water Ice Cubes and Bottled
                Water;

            

    

     

    
      	 	
              ·

            	
              for
                the second year, an amount of water totalling ONE MILLION DOLLARS
                CANADIAN
                ($1,000,000.00 CDN);

            

    

     

    
      
        
        

      

      
        Page
          5

        
          

        

      

      
        
        

      

    

     

    
      	 	
              ·

            	
              for
                the third year, an amount of water totalling TWO MILLION DOLLARS
                CANADIAN
                ($2,000,000.00 CDN);

            

    

     

    
      	 	
              ·

            	
              for
                the fourth year, an amount of water totalling FOUR MILLION DOLLARS
                CANADIAN ($4,000,000.00 CDN);

            

    

     

    
      	 	
              ·

            	
              for
                the remainder of the term of the agreement, an amount of water totalling
                EIGHT MILLION DOLLARS CANADIAN ($8,000,000.00 CDN) per
                year;

            

    

     

    The
      parties acknowledge and represent, however, that any quantity of water purchased
      by a purchaser with whom CANADA INC. is presently negotiating through the agency
      of Mr. Anthony Alcindor Jr., shall, for the purposes of this section
      (namely the minimum quantity to be purchased by WBOA) be considered as having
      been purchased by WBOA.

     

    
      	 	
              (ix)

            	
              WBOA
                is not listed on a recognized stock exchange on or before
                February 11, 2008;

            

    

     

    
      	 	
              (x)

            	
              without
                limiting the preceding, WBOA is in breach of one or any of its obligations
                pursuant to this agreement;

            

    

     

    
      	
              6.

            	
              CONFIDENTIALITY

            

    

     

    
      	 	
              6.1

            	
              During
                the entire term of this agreement and for a period of five (5) years
                following its expiry for any reason whatsoever, the parties undertake
                to
                take all the necessary measures to ensure the confidentiality of
                any
                information of such nature that was communicated to any party on
                a
                confidential basis by the other party.

            

    

     

    
      	
              7.

            	
              GENERAL
                PROVISIONS

            

    

     

    
      	 	
              7.1

            	
              Severability

            

    

     

    Unless
      a
      provision hereof is expressly contrary, each section, term and provision of
      this
      agreement, in whole or in part, is deemed to be independent and if such
      provision of this agreement is, for any reason whatsoever, deemed invalid,
      or
      contrary to or in conflict with an existing or eventual law or regulation as
      a
      result of a final decision not subject to appeal rendered by a court, an agency
      or an arbitration tribunal in a jurisdiction having authority regarding
      proceedings to which WBOA and CANADA INC. are a party, such decision or judgment
      will not be prejudicial to the other portions of this agreement which will
      remain moreover intelligible and will continue to be in full force and effect
      and will bind the parties to this agreement and will not have any effect on
      the
      application thereof. 

     

    However,
      the portion deemed invalid will be deemed to no longer be part of this agreement
      as of the date of the expiry of the delay for the appeal. 

     

    
      
        
        

      

      
        Page
          6

        
          

        

      

      
        
        

      

    

     

    
      	 	
              7.2

            	
              Notice

            

    

     

    Any
      notice, consent, approval, declaration, authorization, document or any other
      communication required or permitted pursuant to the terms and conditions of
      this
      agreement shall be made or given in writing and shall be delivered in person
      or
      by courier to the parties at their respective addresses as set forth hereinabove
      for service, with the exception of CANADA INC. whose address for service shall
      be 3175 Thibeau Blvd., Trois-Rivières, Quebec, G8T 1G4, or any other
      address as indicated by the interested party by means of a notice given in
      writing to the other party hereto as provided for hereinabove. 

     

    
      	 	
              7.3

            	
              Time
                is of the Essence

            

    

     

    The
      time
      limits prescribed herein are an essential part of this agreement. Time limits
      shall be calculated in accordance with the provisions of the Code of Civil
      Procedure of Quebec. 

     

    
      	 	
              7.4

            	
              Headings
                and Numbering

            

    

     

    The
      headings and numbering of the provisions set forth in this agreement or in
      any
      schedules hereto are inserted solely for the convenience of the reader and
      will
      in no way have any effect on the interpretation thereof. 

     

    
      	 	
              7.5

            	
              Non-waiver
                of Rights

            

    

     

    The
      waiver by WBOA or by CANADA INC., as the case may be, to assert any infringement
      of a term or condition of this agreement shall not be deemed as a waiver of
      any
      subsequent infringement of such term or condition or any other term or condition
      hereof. The acceptance by CANADA INC. thereafter of an amount payable, in
      particular by WBOA, pursuant to this agreement shall not be deemed as a waiver
      of any other prior infringement of any term or condition hereof, with the
      exception of the omission to pay the specified amount as agreed upon, whether
      or
      not CANADA INC. had any knowledge of this prior infringement when it accepted
      the said amount. Any waiver of any term or condition of this agreement by WBOA
      or CANADA INC. shall be made in writing. 

     

    
      	 	
              7.6

            	
              Priority

            

    

     

    This
      agreement and the documents mentioned therein constitute the entire agreement
      entered into between WBOA and CANADA INC. regarding the contents of this
      agreement and they supersede all prior agreements. Each of the parties
      acknowledges that no other declarations were made and that it has not induced
      the other party to execute this agreement and that there are no declarations,
      incentives, promises or agreements not formulated in this agreement, verbal
      or
      otherwise, between the parties that is otherwise binding, specifically with
      respect to this agreement. Only the amendments, corrections or variations made
      to this agreement and validated in writing shall be binding upon any of the
      parties. 

     

    
      
        
        

      

      
        Page
          7

        
          

        

      

      
        
        

      

    

     

    
      	 	
              7.7

            	
              Cumulative
                Rights and Recourses

            

    

     

    The
      rights and recourses of the parties as provided for in this agreement are in
      addition to and not in lieu of any of the other rights and recourses pursuant
      hereto or with respect to any other agreement between the parties, in right
      or
      in equity. 

     

    
      	 	
              7.8

            	
              Heirs,
                Successors and Assigns

            

    

     

    This
      agreement enures to the benefit of the parties and is binding upon them and
      upon
      their heirs, executors, administrators, successors, beneficiaries, trustees
      and
      receivers as well as all their respective legal representatives and assigns.
      

     

    
      	 	
              7.9

            	
              Governing
                Law

            

    

     

    This
      agreement is governed by the laws of Quebec applicable thereto. 

     

    
      	 	
              7.10

            	
              Choice
                of Domicile

            

    

     

    The
      parties hereby agree that any legal proceedings or quasi-legal proceedings
      brought by any of the parties with respect to this agreement shall be brought
      before the competent authority in the judicial district chosen by the applicant,
      whether in Trois-Rivières or in Montreal, at the exclusion of any other judicial
      district. 

     

    
      
        
        

      

      
        Page
          8

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties hereto signed in Trois-Rivières on February 11, 2006. 

     

    
      	 	 	
              WATER
                BANK OF AMERICA INC.

            
	 	 	 
	 	 	 
	 	 	
              (signed)

            
	 	 	
              By:
                Jean Jean Pelletier

            
	 	 	 
	 	 	 
	 	 	
              4287762
                CANADA INC.

            
	
              Document
                annexed to deed no. 13737 of the undersigned notary, after having
                been
                acknowledged as authentic and signed for identification by the interested
                parties before the undersigned notary

            	 	 
	 	 	 
	 	 	 
	
              [Various
                signatures]

            	 	
              (signed)

            
	 	 	
              By:
                Bruno St-Onge

            
	 	 	 
	 	 	 
	 	 	
              ANTIROUILLE
                METROPOLITAIN CANADA LTÉE

            
	 	 	 
	 	 	 
	 	 	
              (signed)

            
	 	 	
              By:
                Bruno St-Onge

            
	 	 	 
	
              TRUE
                COPY

              (signed
                by the notary)

            	 	 

    

     

    
      
        
        

      

      
        Page
          9EXHIBIT
      10.17

    

    TRANSLATION
      FOR CONVENIENCE ONLY - NOT LEGALLY BINDING

     

    [TRANSLATION]

     

    
      	
              AGREEMENT
                FOR THE MANUFACTURE OF
                SECURED SPRING WATER ICE CUBES AND BOTTLED
                WATER

            
	 	 	 
	
              BETWEEN:

            	 	
              WATER
                BANK OF AMERICA INC.,
                a
                corporation legally incorporated pursuant to the Canada
                Business Corporations Act,
                with its registered office at 5 Place Ville-Marie, Montreal, Quebec
                H3B 2G2, duly represented for the purposes hereof by Mr. Jean
                Jean Pelletier, authorized to act for the purposes hereof as declared
                by
                him;

            
	 	 	 
	 	 	
              hereinafter
                referred to as “WBOA”

            
	 	 	 
	
              AND:

            	 	
              4287762
                CANADA INC.,
                a
                corporation legally incorporated pursuant to the Canada
                Business Corporations Act,
                with its registered office at 12,271 Route 11, Village Blanchard,
                New Brunswick, Canada E8P 1R4, duly represented by
                Mr. Bruno St-Onge, authorized to act for the purposes hereof as
                declared by him;

            
	 	 	 
	 	 	
              hereinafter
                referred to as “CANADA INC.”

            
	 	 	 
	
              AND:

            	 	
              ANTIROUILLE
                MÉTROPOLITAIN CANADA LTÉE,
                a
                corporation legally incorporated pursuant to the Canada
                Business Corporations Act,
                with its registered office at 3175 Thibeau Blvd., Trois-Rivières, Quebec,
                duly represented by Mr. Bruno St-Onge, authorized to act for the
                purposes hereof as declared by him;

            
	 	 	 
	 	 	
              hereinafter
                referred to as as the “INTERVENER”

            

    

     

    WHEREAS
      a
      promise to sell was executed on January 26, 2006, between WBOA and
      Bruno St-Onge, the latter having designated the INTERVENER as the
      purchaser;

     

    WHEREAS
      said
      promise to sell stipulates that the sale of the shares of 4287762 CANADA INC.,
      which exploits a spring located in New Brunswick (hereinafter referred to
      as the “Spring”), is conditional upon the parties having agreed to an agreement
      for the supply and manufacture of secured spring water ice cubes;

     

    
      
         

      

      
        Page
          1 of
          11

        
          

        

      

      
         

      

       

    

    WHEREAS
      the
      Spring has an annual catchment capacity of approximately ONE BILLION SIX HUNDRED
      FORTY MILLION (1,640,000,000) litres of water;

     

    WHEREAS
      the
      parties hereby wish to enter into a private agreement whereby CANADA INC. will
      grant to WBOA water rights and will undertake to manufacture secured spring
      water ice cubes exclusively for WBOA, as well as to supply non-exclusively,
      bottled water in various formats (hereinafter collectively referred to as the
      “Products”);

     

    THE
      PARTIES AGREE AS FOLLOWS:

     

    
      	
              1.

            	
              PREAMBLE

            

    

     

    
      	 	
              1.1

            	
              The
                preamble is an integral part hereof.

            

    

     

    
      	
              2.

            	
              MANUFACTURING
                AGREEMENT

            

    

     

    
      	 	
              2.1

            	
              Production
                Unit

            

    

     

    Upon
      the
      execution hereof, CANADA INC. undertakes to purchase a production unit for
      the
      manufacturing of secured spring water ice cubes, the whole in accordance with
      the specifications provided by WBOA (hereinafter referred to as the “Unit”).
      With respect thereto, CANADA INC. undertakes to pay a maximum amount of SIX
      HUNDRED THOUSAND DOLLARS CANADIAN ($600,000.00 CDN) for the purpose of
      purchasing the Unit and installating same in its premises within approximately
      seven (7) months following the execution of this agreement, the whole subject
      to
      the suppliers. It is understood that said amount of SIX HUNDRED THOUSAND DOLLARS
      CANADIAN ($600,000.00 CDN) includes the costs of purchase, transport,
      installation, training and start of production. 

     

    
      	 	
              2.2

            	
              Maintenance
                and Operation of the Unit

            

    

     

    It
      is
      understood that CANADA INC. shall be fully responsible for any and all costs
      relating to the maintenance and operation of the Unit. Without limiting the
      generality of the preceding, CANADA INC. shall bear and assume all costs
      relating to the ongoing maintenance of the Unit, the supplying of any power
      sources required for the operation of the Unit (electricity, compressed air,
      etc.), the purchase of any parts and products for maintenance, as well as oil,
      grease and detergent, all deemed edible, as well as any spare parts required
      for
      the ongoing operation of the Unit. 

     

    
      	 	
              2.3

            	
              Exclusivity

            

    

     

    CANADA
      INC. undertakes to hand over, on an exclusive basis, all production capacity
      generated by the Unit and undertakes to maintain the Unit in proper working
      order so as to respect the projected production planning as determined by the
      parties. 

     

    
      
         

      

      
        Page
          2 of
          11

        
          

        

      

      
         

      

       

    

    On
      the
      other hand, WBOA undertakes not to sign any contracts for the manufacture of
      secured spring water ice cubes in North America, with the exception of the
      events provided for in Section 2.5 hereunder. 

     

    Notwithstanding
      the above paragraph, it is expressly understood that WBOA shall be allowed
      to
      obtain its supply from any other source if one or any of the following
      conditions should arise:

     

    
      	 	
              (i)

            	
              if
                the spring water supplied by CANADA INC. does not meet regulatory
                and
                legislative norms in Canada and the United States, and CANADA INC.
                has not
                remedied such situation within sixty (60) days following the delivery
                of a
                written notice to this effect;

            

    

     

    
      	 	
              (ii)

            	
              if,
                as a result of transportation and customs costs, the price(s) charged
                by
                CANADA INC. for secured spring water ice cubes and/or bottles of
                water is
                (are) more than 20% higher than the price(s) offered by a competitive
                supplier and if CANADA INC. refuses to lower its costs accordingly
                so that
                the offered price(s), including transportation and customs costs,
                is (are)
                identical to the one (those) offered by the competitive
                supplier;

            

    

     

    
      	 	
              (iii)

            	
              if
                CANADA INC. cannot fulfill the orders as provided by WBOA for a Period,
                as
                defined in Section 2.4 hereunder, for any reasons
                whatsoever;

            

    

     

    Moreover,
      the parties acknowledge and represent that none of the provisions in this
      paragraph shall be interpreted as preventing WBOA from purchasing and/or
      manufacturing secured spring water ice cubes made with treated water in the
      United States. With respect to Canada, CANADA INC. shall have a right of first
      refusal with respect to the manufacturing of secured spring water ice cubes
      made
      from treated water. 

     

    
      	 	
              2.4

            	
              Industrial
                Planning and Orders

            

    

     

    The
      parties will work together to establish a projected production plan for the
      Products based on a three (3) month time frame (hereinafter referred to as
      as
      the “Period”). Throughout the execution of the present agreement, such projected
      planning, which is adjustable, will be updated every month during the term
      of
      this agreement. 

     

    Subject
      to delivery estimates and manufacturing delays, WBOA will place an order with
      CANADA INC. stipulating a schedule for delivery and, as the case may be, any
      overbilling with respect to handling will be agreed upon between the parties.
      

     

    With
      respect to all orders of Products, WBOA will pay in cash or will provide CANADA
      INC. with a bank or payment guarantee. 

     

    
      
         

      

      
        Page
          3 of
          11

        
          

        

      

      
         

      

       

    

    
      	 	
              2.5

            	
              Stocks
                and Finished Products

            

    

     

    CANADA
      INC. will be responsible for providing a sufficient inventory of consumables
      required for the processing of secured spring water ice cubes (superior and
      inferior grade PET film, cardboard, pallets, self-adhesive stickers, printer
      ink, etc.). CANADA INC. will also provide the water necessary for the production
      of the Products, the whole as stipulated in the Agreement for Supply of Spring
      Water entered into on this day between the parties. 

     

    CANADA
      INC. warrants to WBOA that the packaging and consumables, to the knowledge
      of
      CANADA INC., meet the security and food hygiene norms in effect in Canada and
      the United States and undertakes, with respect thereto, to take all necessary
      measures in the event of any amendment thereto in order to modify the production
      of the Products accordingly. 

     

    CANADA
      INC. will assume all handling costs associated with the production of the
      Products, from the loading of the consumables to the supplying of the Unit
      and
      up to the loading of the Products, the whole in accordance with accepted
      industry practices. 

     

    
      	 	
              2.6

            	
              Inspection

            

    

     

    Provided
      that it has given CANADA INC. sufficient advance notice, WBOA may proceed with
      an inspection of the Unit; such inspections shall not disturb CANADA INC.’s
      operations. 

     

    Moreover,
      CANADA INC. may, at its discretion, ask WBOA to approve samples of the Products
      prior to delivery. 

     

    
      	 	
              2.7

            	
              Contract
                Guarantee

            

    

     

    CANADA
      INC. guarantees WBOA that any Products found to be defective will be replaced
      as
      soon as possible after such Products are returned and the results of the
      analysis are obtained by the plant’s internal house laboratory. 

     

    With
      the
      exclusion of any serial defects, this guarantee covers manufacturing defects
      and
      defects in the materials. 

     

    In
      the
      event that identical defects appear in series, the parties, by common accord,
      will take all necessary measures (as an example of necessary measures:
      correction of settings, design modifications, etc.) to remedy the situation.
      If
      this situation is entirely attributable to CANADA INC., the latter will replace
      any defective Products at its expense. 

     

    This
      guarantee does not cover defects resulting from normal wear and tear, a faulty
      installation or a modification of the Products not formally accepted by CANADA
      INC.

     

    
      
         

      

      
        Page
          4 of
          11

        
          

        

      

      
         

      

       

    

    This
      guarantee will expire when and where the transporter’s responsibility begins,
      except if services of the latter have been retained by CANADA INC.

     

    
      	 	
              2.8

            	
              Price

            

    

     

    In
      addition to the price of water, which is provided for in the Agreement for
      Supply of Spring Water entered into between the parties on this day, the parties
      agree that for the first five (5) years, the base price for the production
      of
      secured spring water ice cubes will be determined based on the method used
      according to the document annexed hereto as Schedule “A”. For all
      subsequent years, the parties will agree in good faith on a price for each
      Period. With respect to other Products, the parties will agree in good faith
      on
      a production price at the beginning of each Period. 

     

    
      	 	
              2.9

            	
              “ICE
                ROCKS” Trademark

            

    

     

    WBOA
      undertakes to never associate the “ICE ROCKS” trademark with products containing
      treated water (namely bottled treated water and secured ice cubes made with
      treated water). 

     

    
      	
              3.

            	
              TERM

            

    

     

    This
      agreement will have a term of twenty (20) years starting as of the date of
      execution. 

     

    
      	
              4.

            	
              DEFAULT

            

    

     

    
      	 	
              4.1

            	
              Termination
                by WBOA

            

    

     

    The
      following events are deemed to be events of default and will entitle WBOA to
      terminate this agreement upon giving CANADA INC. a sixty (60) day written notice
      to this effect if:

     

    
      	 	
              (i)

            	
              CANADA
                INC. fails to honour one or several clauses of the agreement or of
                any
                other agreement in effect between the
                parties;

            

    

     

    
      	 	
              (ii)

            	
              CANADA
                INC. is declared bankrupt or insolvent by a competent court, makes
                an
                assignment of its business or of all or a substantial portion of
                its
                assets for the benefit of its creditors in
                general;

            

    

     

    
      	 	
              (iii)

            	
              other
                than pursuant to an internal reorganisation, a merger or an acquisition,
                CANADA INC. proceeds with the liquidation of its business or of all
                or a
                substantial portion of its assets, or with the dissolution of its
                corporate entity;

            

    

     

    
      	 	
              (iv)

            	
              CANADA
                INC. avails itself of a law relating to the protection of insolvents
                or a
                law relating to restructuring, arrangements, liquidation or any other
                similar law relating to the rights of creditors in
                general;

            

    

     

    
      
         

      

      
        Page
          5 of
          11

        
          

        

      

      
         

      

       

    

    
      	 	
              (v)

            	
              CANADA
                INC. files a proposal pursuant to the Bankruptcy
                and Insolvency Act
                (Canada) or does not contest the filing by a third party of a petition
                in
                bankruptcy pursuant to such act;

            

    

     

    
      	 	
              (vi)

            	
              CANADA
                INC. requests the appointment of a liquidator or a receiver to manage
                or
                liquidate its business or all or a substantial portion of its assets
                or
                does not contest the filing by a third party of a petition regarding
                such
                appointment;

            

    

     

    
      	 	
              (vii)

            	
              the
                business of CANADA INC. or all or a substantial portion of its assets
                are
                subject to seizure by a creditor or are put in receivership or a
                liquidator is appointed with respect thereto to manage or liquidate
                its
                business or all or a substantial portion of its assets, unless such
                seizure, receivership or appointment of a liquidator is cancelled
                within
                fifteen (15) days;

            

    

     

    
      	 	
              (viii)

            	
              after
                having negotiated in good faith, the parties cannot agree upon a
                price
                according to Section 2.8 of this
                agreement;

            

    

     

    
      	 	
              (ix)

            	
              without
                limiting the preceding, CANADA INC. is in breach of one or any of
                its
                obligations pursuant to this
                agreement.

            

    

     

    
      	 	
              4.2

            	
              Termination
                by CANADA INC.

            

    

     

    The
      following events are deemed to be events of default and will entitle CANADA
      INC.
      to terminate this agreement upon giving WBOA a sixty (60) day written notice
      to
      this effect if:

     

    
      	 	
              (i)

            	
              WBOA
                fails to honour one or several clauses of the agreement or of any
                other
                agreement in effect between the
                parties;

            

    

     

    
      	 	
              (ii)

            	
              WBOA
                is declared bankrupt or insolvent by a competent court, makes an
                assignment of its business or of all or a substantial portion of
                its
                assets for the benefit of its creditors in
                general;

            

    

     

    
      	 	
              (iii)

            	
              other
                than pursuant to an internal reorganisation, a merger or an acquisition,
                WBOA proceeds with the liquidation of its business or of all or a
                substantial portion of its assets or with the dissolution of its
                corporate
                entity;

            

    

     

    
      	 	
              (iv)

            	
              WBOA
                avails itself of a law relating to the protection of insolvents or
                a law
                relating to restructuring, arrangements and liquidation, or any other
                similar law relating to the rights of creditors in
                general;

            

    

     

    
      	 	
              (v)

            	
              WBOA
                files a proposal pursuant to the Bankruptcy
                and Insolvency Act
                (Canada) or does not contest the filing by a third party of a petition
                in
                bankruptcy pursuant to such act;

            

    

     

    
      
         

      

      
        Page
          6 of
          11

        
          

        

      

      
         

      

       

    

    
      	 	
              (vi)

            	
              WBOA
                requests the appointment of a liquidator or a receiver to manage
                or
                liquidate its business or all or a substantial portion of its assets
                or
                does not contest the filing by a third party of a petition regarding
                such
                appointment;

            

    

     

    
      	 	
              (vii)

            	
              the
                business of WBOA or all or a substantial portion of its assets are
                subject
                to seizure by a creditor or are put in receivership or a liquidator
                is
                appointed with respect thereto to manage or liquidate its business
                or all
                or a substantial portion of its assets, unless such seizure, receivership
                or appointment of a liquidator is cancelled within fifteen (15)
                days;

            

    

     

    
      	 	
              (viii)

            	
              after
                having negotiated in good faith, the parties cannot agree upon a
                price
                according to Section 2.8 of this
                agreement;

            

    

     

    
      	 	
              (ix)

            	
              without
                limiting the preceding, WBOA is in breach of one or any of its obligations
                pursuant to this agreement;

            

    

     

    
      	 	
              (x)

            	
              in
                the event that, according to Section 5.2 (ix) of the Agreement for
                Supply
                of Spring Water, WBOA does not purchase from CANADA
                INC.:

            

    

     

    
      	 	
              ·

            	
              for
                the first year, an amount of water totaling FIVE HUNDRED THOUSAND
                DOLLARS
                CANADIAN ($500,000.00 CDN) following the purchase and the installation
                of
                the Unit as defined in Section 2.1 of the Agreement for the
                Manufacture of Secured Spring Water Ice Cubes and Bottled
                Water;

            

    

     

    
      	 	
              ·

            	
              for
                the second year, an amount of water totaling ONE MILLION DOLLARS
                CANADIAN
                ($1,000,000.00 CDN);

            

    

     

    
      	 	
              ·

            	
              for
                the third year, an amount of water totaling TWO MILLION DOLLARS CANADIAN
                ($2,000,000.00 CDN);

            

    

     

    
      	 	
              ·

            	
              for
                the fourth year, an amount of water totaling FOUR MILLION DOLLARS
                CANADIAN
                ($4,000,000.00 CDN);

            

    

     

    
      	 	
              ·

            	
              for
                the remainder of the term of the agreement, an amount of water totaling
                EIGHT MILLION DOLLARS CANADIAN ($8,000,000.00 CDN) per
                year;

            

    

     

    The
      parties acknowledge and represent, however, that any quantity of water purchased
      by a purchaser with whom CANADA INC. is presently negotiating with through
      the
      agency of Mr. Anthony Alcindor Jr., shall, for the purposes of this section
      (namely the minimum quantity to be purchased by WBOA) be considered as having
      been purchased by WBOA.

     

    
      	 	
              (xi)

            	
              WBOA
                was not listed on a recognized stock exchange on or before
                February 11, 2008.

            

    

     

    
      
         

      

      
        Page
          7 of
          11

        
          

        

      

      
         

      

       

    

    
      	
              5.

            	
              BUY-BACK
                OF THE UNIT

            

    

     

    
      	 	
              5.1

            	
              In
                the event that either of the parties were to terminate the present
                agreement for any reason whatsoever, the whole according to
                Sections 4.1 and 4.2, WBOA will buy the Unit back from CANADA INC. at
                the following price, in addition to the cost of any inventory or
                consumable raw materials in stock:

            

    

     

    
      	
              ·     
                during
                the first five years:

            	
              100%
                of the purchase price;

            
	
              · 
                    during the sixth to the tenth year:

            	
              80%
                of the purchase price;

            
	
              ·     
                during
                the eleventh to the fifteenth year:

            	
              60%
                of the purchase price;

            
	
              ·     
                during
                the sixteenth to the twentieth year:

            	
              40%
                of the purchase price;

            

    

     

    Notwithstanding
      the preceding, WBOA will pay CANADA INC. an additional amount of FIVE HUNDRED
      THOUSAND DOLLARS ($500,000.00) in the event that the present agreement is
      terminated for the reasons provided for in Sections 4.2 (i), (ix) and (x).
      

     

    The
      payment of the Unit, and as the case may be of the additional amount, will
      be
      completed no later than three (3) months after the termination of the agreement,
      failing which the rights of WBOA to purchase the Unit pursuant hereto will
      be
      extinguished for all legal purposes. In such event, Section 6.1 will be
      non-applicable. 

     

    
      	
              6.

            	
              NON-COMPETITION

            

    

     

    
      	 	
              6.1

            	
              During
                the entire term of this agreement and for a period of five (5) years
                from
                its expiry for any reason whatsoever, CANADA INC. undertakes to not
                manufacture, distribute or sell, directly or indirectly, secured
                spring
                water ice cubes similar or identical to those offered by WBOA.
                

            

    

     

    
      	 	
              6.2

            	
              Notwithstanding
                Section 6.1 hereinabove, CANADA INC. may manufacture, distribute or
                sell, directly or indirectly, secured spring water ice cubes similar
                or
                identical to those offered by WBOA in the following
                cases:

            

    

     

    
      	 	
              (i)

            	
              if,
                following the termination of this agreement, on the grounds provided
                for
                herein, WBOA does not pay CANADA INC. for the Unit within the time
                limit
                provided for in Section 5.1 hereinabove.

            

    

     

    
      	
              7.

            	
              CONFIDENTIALITY

            

    

     

    
      	 	
              7.1

            	
              During
                the entire term of this agreement and for a period of five (5) years
                following its expiry for any reason whatsoever, the parties undertake
                to
                take all necessary measures to ensure the confidentiality of any
                information of this nature that are communicated to them on a confidential
                basis by the other party. 

            

    

     

    
      
         

      

      
        Page
          8 of
          11

        
          

        

      

      
         

      

    

     

    
      	
              8.

            	
              GENERAL
                PROVISIONS

            

    

     

    
      	 	
              8.1

            	
              Severability

            

    

     

    Except
      for an express provision hereof to the contrary effect, each section, term
      and
      provision of this agreement, in whole or in part, is deemed to be independent
      and if such provision of this agreement is, for any reason whatsoever, deemed
      invalid, or contrary to or in conflict with an existing or eventual law or
      regulation as a result of a final decision not subject to recourse rendered
      by a
      court, an agency or an arbitration tribunal in a jurisdiction having authority
      regarding proceedings to which WBOA and CANADA INC. are a party, said decision
      or judgment will not be prejudicial to the other portions of this agreement
      which will remain moreover intelligible and will continue to be in full force
      and effect and will bind the parties to this agreement and will not have any
      effect on the application thereof. 

     

    However,
      the portion deemed invalid will be deemed to no longer be part of this agreement
      as of the date of the expiry of the delay for the appeal. 

     

    
      	 	
              8.2

            	
              Notice

            

    

     

    Any
      notice, consent, approval, declaration, authorization, document or any other
      communication required or permitted pursuant to the terms and conditions of
      this
      agreement shall be made or given in writing and shall be delivered in person
      or
      by messenger to the parties at their respective addresses as set forth
      hereinabove with the exception of CANADA INC. whose address for service shall
      be
      3175 Thibeau Blvd., Trois-Rivières, Quebec, G8T 1G4, or at any other
      address or addresses indicated by the interested party by means of a written
      notice to the other party hereto as provided for hereinabove. 

     

    
      	 	
              8.3

            	
              Time
                is of the Essence

            

    

     

    The
      time
      limits prescribed herein are an essential part of this agreement. Time limits
      shall be calculated in accordance with the provisions of the Code of Civil
      Procedure of Quebec. 

     

    
      	 	
              8.4

            	
              Headings
                and Numbering

            

    

     

    The
      headings and numbering of the provisions set forth in this agreement or in
      any
      schedules hereto are inserted solely for the convenience of the reader and
      will
      in no way have any effect on the interpretation thereof. 

     

    
      	 	
              8.5

            	
              Non-waiver
                of Rights

            

    

     

    The
      waiver by WBOA or by CANADA INC., as the case may be, to prevail itself of
      any
      infringement of a term or condition of this agreement shall not be deemed as
      a
      waiver to invoke any subsequent infringement of such term or condition or any
      other term or condition hereof. The acceptance by CANADA INC. thereafter of
      an
      amount payable, in particular by WBOA, pursuant to this agreement shall not
      be
      deemed as a waiver to invoke any other prior infringement of any term or
      condition hereof, with the exception of the omission to pay the specified amount
      as agreed upon, whether or not CANADA INC. had any knowledge of this prior
      infringement when it accepted the said amount. Any waiver of any term or
      condition of this agreement by WBOA or CANADA INC. shall be made in writing.
      

     

    
      
         

      

      
        Page
          9 of
          11

        
          

        

      

      
         

      

       

    

    
      	 	
              8.6

            	
              Priority

            

    

     

    This
      agreement and the documents mentioned therein constitute the entire agreement
      entered into between WBOA and CANADA INC. regarding the contents of this
      agreement and they cancel and supersede all prior agreements. Each of the
      parties acknowledges that no other declarations were made and that it has not
      induced the other party to execute this agreement, and that there are no
      declarations, incentives, promises or agreements not formulated in this
      agreement, verbal or otherwise, between the parties that is otherwise binding,
      specifically with respect to this agreement. Only the amendments, corrections
      or
      variations made to this agreement and validated in writing shall be binding
      upon
      any of the parties. 

     

    
      	 	
              8.7

            	
              Cumulative
                Rights and Recourses

            

    

     

    The
      rights and recourses of the parties as provided for in this agreement are in
      addition to and not in lieu of any of the other rights and recourses pursuant
      hereto or with respect to any other agreement between the parties, in right
      or
      in equity. 

     

    
      	 	
              8.8

            	
              Heirs,
                Successors and Assigns

            

    

     

    This
      agreement enures to the benefit of the parties and is binding upon them and
      upon
      their heirs, executors, administrators, successors, beneficiaries, trustees
      and
      receivers as well as all their respective legal representatives and assigns.
      

     

    
      	 	
              8.9

            	
              Governing
                Law

            

    

     

    This
      agreement is governed by the laws of Quebec applicable thereto. 

     

    
      	 	
              8.10

            	
              Choice
                of Domicile

            

    

     

    The
      parties hereby agree that any legal proceedings or quasi-legal proceedings
      instituted by any of the parties with respect to this agreement shall be brought
      before the competent authority in the judicial district chosen by the applicant,
      whether in Trois-Rivières or in Montreal, to the exclusion of any other judicial
      district. 

     

    
      
         

      

      
        Page
          10
          of 11

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto signed in Trois-Rivières on February 11, 2006. 

     

    
      	 	 	
              WATER
                BANK OF AMERICA INC.

            
	 	 	 
	 	 	
              (signed)

            
	 	 	
              By:
                Jean Jean Pelletier

            
	 	 	 
	 	 	 
	 	 	
              4287762
                CANADA INC.

            
	
              Document
                annexed to deed no. 13737 of the undersigned notary, after having
                been acknowledged as authentic and signed for identification by the
                interested parties before the undersigned notary

            	 	 
	 	 	 
	
              [Various
                signatures]

            	 	
              (signed)

            
	 	 	
              By:
                Bruno St-Onge

            
	 	 	 
	 	 	 
	 	 	
              ANTIROUILLE
                METROPOLITAIN CANADA LTÉE

            
	 	 	 
	 	 	
              (signed)

            
	 	 	
              By:
                Bruno St-Onge

            
	
              TRUE
                COPY

              (signed
                by the notary)

            	 	 

    

     

    
      
         

      

      
        Page
          11
          of 11

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