Document:

exv4w4

EXHIBIT 4.4

This rights certificate and the rights and privileges represented hereby will be void, of no
value and will cease to be exercisable for Brookfield Residential common shares if not delivered to
CIBC Mellon Trust Company at its Toronto office prior to 4:00 p.m. (Toronto time) on the expiry
date (as defined in the Brookfield Residential Properties Inc. prospectus dated n, 2011 (the
“Prospectus”)).

	 	 	 	 	 

	No.                    

	 	 	 	Certificate for:
	 

	 	 	 	                                        
	 

	 	 	 	Rights
	 

	 	BROOKFIELD PROPERTIES	 	 
	 

	 	CORPORATION	 	 
	 

	 	(a corporation incorporated under the	 	 
	 

	 	Canada Business Corporations Act)	 	 
	 

	 	 	 	CUSIP n

This rights certificate issued to:

evidences rights issued by Brookfield Properties Corporation (“Brookfield Office Properties”) to
its common shareholders of record as of 5:00 p.m. (Toronto time) on the record date (as defined in
the Prospectus) to purchase n Brookfield Residential Properties Inc. (“Brookfield
Residential”) (a corporation incorporated under the Business Corporations Act (Ontario)) common
shares, for every 1 (one) right evidenced by this rights certificate, at a price of U.S.$10.00 per
Brookfield Residential common share, upon the terms and subject to the conditions stated in the
Prospectus, all of which is incorporated herein by reference.

Dated:          , 2011.

	 	 	 	 	 	 	 

	Per:

	 	 	 	Per:	 	 
	 

	 	 
	 	 	 	 
	 

	 	Name:
	 	 	 	Name:
	 

	 	Title:
	 	 	 	Title:

 

 

FORM 1 — TO PURCHASE BROOKFIELD RESIDENTIAL COMMON SHARES BY EXERCISING RIGHTS EVIDENCED BY
THIS CERTIFICATE, COMPLETE THIS FORM.

(See Instruction 1 on the reverse)

The undersigned hereby irrevocably purchases                                         Brookfield Residential common shares at the
price of U.S.$10.00 per share for the total price of U.S.$                                         and remits payment in full by certified
check, bank draft or money order in U.S. funds payable to the order of “CIBC Mellon Trust
Company”(together with n rights for every Brookfield Residential common share purchased).

By signing below, the undersigned certifies that it resides in Canada or the United States (see
Instruction 4 on the reverse).

	 	 	 	 	 

	Purchaser’s signature:

	 	 

	 	 
	 
	 	 	 	 

FORM 2 — TO SELL OR TRANSFER THE RIGHTS EVIDENCED BY THIS CERTIFICATE, COMPLETE THIS FORM.

(See Instruction 2 on the reverse)

If the rights are to be sold or transferred through an investment dealer or stockbroker, do not
fill in the name or address of the transferee.

For value received, this rights certificate and                     rights evidenced hereby are assigned and transferred to:

	 	 	 	 	 

	Name of transferee:

	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	Address of transferee:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	Signature of rights certificate holder:
	 	 	 	 
	 

	 	 	 	 
	(Signature must exactly match
the name on the face of this rights
certificate)
	 	 	 	 
	 
	 	 	 	 
	Signature guaranteed by:
	 	 	 	 
	 

	 	 	 	 
	 

	 	(See Instruction 2 on the reverse)	 	 

If Form 2 is signed by a trustee, executor, administrator, curator, guardian, attorney, officer of
a corporation or any person acting in a fiduciary or representative capacity, the rights
certificate should be accompanied by satisfactory evidence of authority to act.

FORM 3 — TO DIVIDE, EXCHANGE OR COMBINE RIGHTS EVIDENCED BY THIS CERTIFICATE, COMPLETE THIS FORM.

(See Instruction 3 on the reverse)

The undersigned hereby requests that this rights certificate (together with any other rights
certificates surrendered herewith) be cancelled and replaced with new rights certificate(s) in the
name of the undersigned as specified below. Each new rights certificate must represent a whole
number of rights and the total number of rights evidenced by new rights certificate(s) must not
exceed the total number of rights evidenced by this rights certificate and the rights certificates
surrendered herewith.

	 	 	 	 	 	 	 

	 

	 	rights certificate(s) for
	 	 	 	rights each
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	rights certificate(s) for
	 	 	 	rights each
	 

	 	 	 	 	 	 

	 	 	 	 	 

	Signature of rights certificate holder:

	 	 	 	 
	 

	 	 	 	 
	(Signature must exactly match
the name on the face of this rights
certificate)
	 	 	 	 

 

 

This rights certificate and the rights and privileges represented hereby will be void, of no
value and will cease to be exercisable for Brookfield Residential common shares if not delivered to
CIBC Mellon Trust Company at its Toronto office prior to 4:00 p.m. (Toronto time) on the expiry
date.

1. TO PURCHASE

A Brookfield Office Properties common shareholder or transferee of this rights certificate wishing
to purchase Brookfield Residential common shares must complete Form 1 and deliver this rights
certificate to CIBC Mellon Trust Company at its Toronto office by 4:00 p.m. (Toronto time) on the
expiry date. Payment for Brookfield Residential common shares, at a price of $10.00 per share, must
accompany this rights certificate and must be made by certified check, bank draft or money order in
U.S. funds payable to the order of “CIBC Mellon Trust Company”. To determine the number of
Brookfield Residential common shares which may be purchased, multiply the number of rights
appearing in the top right-hand corner of this rights certificate by n. No fractional
Brookfield Residential common shares will be sold.

2. TO SELL OR TRANSFER RIGHTS

To sell or transfer the rights evidenced by this rights certificate, complete Form 2 and deliver
this rights certificate in ample time for the transferee to use it before 4:00 p.m. (Toronto time)
on the expiry date. IF FORM 2 IS PROPERLY COMPLETED, THE TRANSFEREE MAY USE IT FOR PURCHASE WITHOUT
OBTAINING A NEW RIGHTS CERTIFICATE by completing Form 1 provided that the signature of the
transferee on Form 1 corresponds in every particular with the name of the transferee on shown on
Form 2. The signature of the rights certificate holder on Form 2 must correspond exactly with the
name set forth on the face of this rights certificate, in every particular, without any change
whatsoever, and must be guaranteed by a Canadian Schedule 1 chartered bank, a member of the
Securities Transfer Association Medallion Program (STAMP), a member of the Stock Exchange Medallion
Program (SEMP) or a member of the New York Stock Exchange, Inc. Medallion Signature Program (MSP).
If Form 2 is signed by a trustee, executor, administrator, curator, guardian, attorney, officer of
a corporation or any person acting in a fiduciary or representative capacity, it must be
accompanied by satisfactory evidence of authority to act.

3. TO DIVIDE OR COMBINE CERTIFICATES

To divide or combine rights, complete Form 3 and deliver this rights certificate (together, in the
event of a combination of rights, with the other rights certificates to be so combined) to CIBC
Mellon Trust Company at its Toronto office in ample time for the new rights certificate(s) to be
issued and used by 4:00 p.m. on the expiry date. Rights certificates representing fractional rights
will not be issued. Rights certificates need not be endorsed if the new rights certificate(s) is
issued in the same name.

4. INELIGIBLE PERSONS, ETC.

THE RIGHTS, THE BROOKFIELD RESIDENTIAL COMMON SHARES UNDERLYING THE RIGHTS AND THE RIGHTS
CERTIFICATES ARE NOT BEING OFFERED FOR SALE IN ANY JURISDICTION OUTSIDE OF CANADA AND THE UNITED
STATES, AND THIS OFFERING IS NOT, AND UNDER NO CIRCUMSTANCES IS TO BE CONSTRUED AS, AN OFFERING TO
A RESIDENT OF ANY OTHER JURISDICTION OR A SOLICITATION THEREIN OF AN OFFER TO BUY SECURITIES OF
BROOKFIELD OFFICE PROPERTIES OR BROOKFIELD RESIDENTIAL. BY EXECUTING AND DELIVERING THIS RIGHTS
CERTIFICATE, EACH PURCHASER REPRESENTS TO BROOKFIELD OFFICE PROPERTIES THAT IT IS RESIDES IN CANADA
OR THE UNITED STATES.

OFFICE OF CIBC MELLON TRUST COMPANY:

	 	 	 	 	 	 	 

	by registered mail, 

hand or by courier:
	 	CIBC Mellon Trust Company

199 Bay Street

Commerce Court West

Securities Level

Toronto, Ontario

Canada

M5L 1G9
	 	by mail:
	 	CIBC Mellon Trust Company

P.O. Box 1036

Adelaide Post Office

Toronto, Ontario

Canada

M5C 2K4

IF IN DOUBT ABOUT HOW TO DEAL WITH THIS CERTIFICATE, consult CIBC Mellon Trust Company by
telephone at 1-800-387-0825 or to Brookfield Office Properties by telephone at 1-416-369-2300.exv4w5

EXHIBIT
4.5

RIGHTS AGENCY AND CUSTODIAN AGREEMENT

THIS AGREEMENT MADE AS OF THE n day of April, 2011

B E T W E E N:

BROOKFIELD PROPERTIES CORPORATION, a corporation incorporated under the laws
of Canada, (hereinafter called the “Brookfield Office Properties”)

- and -

CIBC MELLON TRUST COMPANY, a trust company existing under the laws of Canada
and having an office in the City of Toronto in the Province of Ontario,
(hereinafter called “CIBC Mellon”)

WHEREAS Brookfield Office Properties has resolved to distribute Rights (as defined herein) to its
common shareholders other than Brookfield Asset Management Inc. (the “Common Shareholders”)
entitling them to purchase the common shares of Brookfield Residential Properties Inc. (the
“Brookfield Residential Shares”) held by Brookfield Office Properties;

AND WHEREAS each Right will entitle the Rights Holder (as defined herein) thereof to purchase
n Brookfield Residential Shares until the Expiry Time (as defined herein) subject to certain
conditions;

AND WHEREAS by a transfer agency agreement CIBC Mellon acts as registrar and transfer agent at its
principal office in the City of Toronto for the Common Shares (as defined herein);

AND WHEREAS Brookfield Office Properties deems it expedient that CIBC Mellon act as registrar and
transfer agent for the Rights, as custodian of the monies tendered by eligible Rights Holders for
the purchase of Brookfield Residential Shares, and as agent for the sale of certain of the Rights;

AND WHEREAS the foregoing recitals and statements of fact are made by Brookfield Office Properties
and not CIBC Mellon;

NOW THEREFORE, in connection of the mutual covenants set forth in this Agreement, the parties agree
as follows:

	1.	 	Definitions:
	 
	1.1	 	As used in this Agreement, the following terms have the following meanings:

	 	a)	 	“Agreement” means this agreement;
	 
	 	b)	 	“Brookfield Office Properties” has the meaning set forth in the recitals;

 

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	 	c)	 	“Brookfield Residential” means Brookfield Residential Properties Inc., a
corporation incorporated under the laws of the Province of Ontario;
	 
	 	d)	 	“Brookfield Residential Shares” has the meaning set forth in the recitals;
	 
	 	e)	 	“Business Day” means any day other than a Saturday, Sunday or statutory holiday
in Toronto, Ontario;
	 
	 	f)	 	“Canadian Prospectus” means the joint final prospectus of Brookfield Office
Properties and Brookfield Residential dated April n, 2011 to qualify the
distribution of the Rights and the Brookfield Residential Shares issuable upon the
exercise of the Rights, a copy of which is attached on Schedule “A”;
	 
	 	g)	 	“CIBC Mellon” has the meaning set forth in the recitals;
	 
	 	h)	 	“Common Shares” means common shares in the capital of Brookfield Office
Properties;
	 
	 	i)	 	“Common Shareholder” has the meaning set forth in the recitals;
	 
	 	j)	 	Expiry Date” means n, 2011;
	 
	 	k)	 	“Expiry Time” means 4:00 p.m. (Toronto time) on the Expiry Date;
	 
	 	l)	 	“Non-Qualified Jurisdiction” means any jurisdiction that is not a Qualified
Jurisdiction;
	 
	 	m)	 	“Non-Qualified Shareholders” means all Common Shareholders whose addresses of
record on the Record Date are in a Non-Qualified Jurisdiction;
	 
	 	n)	 	“Proceeds” means any and all monies tendered by eligible Rights Holders for the
purchase of Brookfield Residential Shares;
	 
	 	o) 	 	“Purchase Price” means U.S.$10.00 for each Brookfield Residential Share to be
purchased;
	 
	 	p)	 	“Qualified Jurisdiction” means Canada or the United States;
	 
	 	q)	 	“Record Date” means as at 5:00 p.m. (Toronto time) on n, 2011;
	 
	 	r)	 	“Register” has the meaning set forth in Section 2.2;
	 
	 	s)	 	“Right” means the rights distributed to each Common Shareholders, for each
Common Share held, to purchase a certain number of Brookfield Residential shares equal
to a fraction, the numerator of which is 51,500,000 and the denominator of which is the
number of Common Shares outstanding as of the Record Date;

 

3

	 	t)	 	“Rights Holder” means the holders from time to time of the Rights;
	 
	 	u)	 	“U.S. Prospectus” means the prospectus included in post-effective registration
statement on Form F-1, dated April n, 2011, to register the sale of Brookfield
Residential Shares issuable upon exercise of the Rights, a copy of which is attached
hereto as Schedule “B”; and
	 
	 	v)	 	“United States” means the United States of America and any of its territories
or possessions.

	2.	 	Appointment of Agent:
	 
	2.1	 	CIBC Mellon is hereby appointed as registrar and transfer agent for the Rights at its Toronto
office and CIBC Mellon hereby accepts such appointment upon the terms hereinafter set forth.
	 
	2.2	 	CIBC Mellon shall keep Brookfield Office Properties’ rights register (the “Register”),
registering the ownership and transfer of the Rights, and a supply of unissued Rights
certificates.
	 
	2.3	 	Subject to such instructions as may be from time to time given by Brookfield Office
Properties through any of its President, Vice President, Secretary, Assistant-Secretary or
other duly authorized officer, and in accordance with the U.S. Prospectus and the Canadian
Prospectus, CIBC Mellon shall:

	 	a)	 	issue as of the Record Date, one Right to each Common Shareholder for each
Common Share held by such Common Shareholder;
	 
	 	b)	 	issue as of the Record Date, to the Common Shareholders resident in Qualified
Jurisdictions, and hold on behalf of the Non-Qualified Shareholders, Rights
certificates, as contemplated by the U.S. Prospectus and the Canadian Prospectus, and
record the issuance of such certificates on the Register;
	 
	 	c)	 	mail by first class insured mail to each Common Shareholder resident in Canada,
a Rights certificate representing the Rights issued to the Common Shareholder, a copy
of the Canadian Prospectus and a non-postage prepaid return envelope addressed to the
CIBC Mellon;
	 
	 	d)	 	mail by first class insured mail to each Common Shareholder resident in the
United States, a Rights certificate representing the Rights issued to the Common
Shareholder, a copy of the U.S. Prospectus and a non-postage prepaid return envelope
addressed to the CIBC Mellon;
	 
	 	e)	 	mail by first class insured mail to each Non-Qualified Shareholder, a copy of
the U.S. Prospectus, and a cover letter (i) advising the Non-Qualified Shareholder that
their Rights will be held by CIBC Mellon for and on behalf of such Non-Qualified
Shareholder

 

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	 	 	 	and for such Non-Qualified Shareholder’s benefit, and (ii) setting out the conditions required to be met, and procedures that must be followed, in order
for the Non-Qualified Shareholder to participate in the Rights distribution;

	 	f)	 	permit, in accordance with Section 3.2, transfers of Rights to be made upon the
Register by Rights Holders or by their duly authorized attorneys and cancel Rights
certificates surrendered upon such transfers;
	 
	 	g)	 	in accordance with the U.S. Prospectus and the Canadian Prospectus, accept for
exercise Rights from Rights Holders (other than Non-Qualified Shareholders, unless
otherwise directed by Brookfield Office Properties under Section 4.3), along with the
Purchase Price, and cancel Rights certificates properly presented for exercise from the
Register;
	 
	 	h)	 	until the Expiry Time, make such entries from time to time on the Register as
may be necessary in order that the account of each Rights Holder may be properly and
accurately kept;
	 
	 	i)	 	supply Brookfield Office Properties from time to time, as requested in writing,
lists of Rights Holders as shown on the Register, showing the name and last known
address of each Rights Holder and the number of Rights held by each Rights Holder; and
	 
	 	j)	 	forthwith after the Expiry Time and after the number of Brookfield Residential
Shares purchased under the Rights distribution has been calculated, cancel all Rights
from the Register.

	3.	 	The Rights:
	 
	3.1	 	The Rights will be issued to all Common Shareholders shown on the Common Share register on
the Record Date, will be in fully registered form and will be freely transferable. The Rights
will be exercisable in accordance with the terms set out in the U.S. Prospectus and the
Canadian Prospectus and no Rights certificates will be delivered to Non-Qualified
Shareholders.
	 
	3.2	 	CIBC Mellon agrees to transfer the Rights certificates of Rights Holders (other than
Non-Qualified Shareholders) who instruct CIBC Mellon to transfer their Rights pursuant to duly
completed forms on their Rights certificates at any time or times prior to the Expiry Time.
	 
	4.	 	Non-Qualified Shareholders:
	 
	4.1	 	CIBC Mellon shall be issued a single Rights certificate, in trust, representing all Rights of
Non-Qualified Shareholders and will hold such Rights until the Expiry Time.
	 
	4.2	 	A beneficial Common Shareholder who resides in a Qualified Jurisdiction but whose Common
Shares are registered in the name of Non-Qualified Shareholder and
who wishes to participate in the Rights distribution must, on or
before [the tenth day prior to
the Expiry

 

5

	 	 	Date]: (i) notify CIBC Mellon, in writing, that it (a) resides in a Qualified
Jurisdiction, and (b) wishes to participate in the Rights distribution; and (ii) provide
evidence satisfactory to Brookfield Office Properties as to the Common Shareholder’s
residency. If Brookfield Office Properties is satisfied, in its sole discretion, that the
Common Shareholder is entitled to participate in the Rights distribution, Brookfield Office
Properties shall deliver a notice of this decision to CIBC Mellon. Upon receipt of such
notice, CIBC Mellon shall: (i) mail a Rights certificate to the applicable Common
Shareholder; and (ii) amend the Register and the Rights certificate issued under Section 4.1
to reflect this issuance.

	4.3	 	A Non-Qualified Holder who wishes to participate in the Rights distribution must, on or
before [the tenth day prior to the Expiry Date]: (i) notify CIBC Mellon, in writing, that it
wishes to participate in the Rights distribution; and (ii) provide evidence satisfactory to
Brookfield Office Properties that the exercise of the Rights and purchase of the Brookfield
Residential Shares upon the exercise of the Rights (a) are not prohibited by such Common
Shareholder’s local securities laws, and (b) do not require Brookfield Office Properties or
Brookfield Residential to file any documents, make any application, or pay any amount in any
jurisdiction outside of Canada and the United Sates. If Brookfield Office Properties is
satisfied, in its sole discretion, that the Common Shareholder is entitled to participate in
the Rights distribution, Brookfield Office Properties shall deliver a notice of this decision
to CIBC Mellon. Upon the receipt of such notice and the payment of the applicable Purchase
Price from the Non-Qualified Holder, CIBC Mellon shall exercise the rights on such
Non-Qualified Holder’s behalf prior to the Expiry Time.
	 
	4.4	 	During the period from [the ninth day prior to the Expiry Date to the Expiry Time], CIBC
Mellon agrees to use its reasonable efforts to sell Rights held by Non-Qualified Holders
(other than those Non-Qualified Holders that are entitled to participate in the Rights
distribution under Section 4.3) on such date or dates and at such price or prices and in such
markets as it determines appropriate in its absolute discretion. No charge or expense will be
imposed on Non-Qualified Shareholders for Rights sold through CIBC Mellon except brokerage
commission expenses incurred by CIBC Mellon in respect of such sales.
	 
	4.5	 	The net proceeds received by CIBC Mellon from the sale of Rights contemplated in Section 4.4
will be divided pro-rata among the Non-Qualified Shareholders (other than those Non-Qualified
Holders that are entitled to participate in the Rights distribution under Section 4.3) net of
all applicable withholding taxes and brokerage commission expenses incurred by CIBC Mellon.
CIBC Mellon shall mail cheques representing the net proceeds from such sales as soon as
practicable after the Expiry Time to the parties entitled thereto at the address designated by
them or, failing such, at the addresses recorded in the Common Share register; provided that
CIBC Mellon shall not be required to make any such payment to any Non-Qualified Shareholder in
the event that the aggregate amount owing to such Non-Qualified Shareholder in connection with
the sale of such Rights is less than U.S.$10.00.

 

6

	4.6	 	Any amounts that are retained by CIBC Mellon pursuant to Section 4.5 shall be used by CIBC
Mellon to offset the fees and expenses owing by Brookfield Office Properties to CIBC Mellon
under Section 7.1(a).
	 
	5.	 	Appointment of Custodian:
	 
	5.1	 	CIBC Mellon is hereby appointed as custodian for the receipt and holding of the Proceeds and
CIBC Mellon hereby accepts such appointment.
	 
	5.2	 	CIBC Mellon is hereby appointed as custodian of Rights of all Non-Qualified Shareholders and
of the Rights of all Rights Holders who authorize CIBC Mellon to transfer their Rights and
CIBC Mellon hereby accepts such appointment. All such Rights are to be held by CIBC Mellon in
trust for the benefit of such persons and dealt with in accordance with Section 3.
	 
	5.3	 	Immediately upon receipt of any Proceeds, CIBC Mellon shall forthwith deposit the same in a
trust account maintained by CIBC Mellon for Brookfield Office Properties.
	 
	5.4	 	CIBC Mellon shall exercise the same degree of care in the safekeeping of the Proceeds and
Rights of Non-Qualified Shareholders as it uses in respect of its own property of a similar
nature in its custody.
	 
	6.	 	Delivery and Investment of Proceeds:
	 
	6.1	 	Any Proceeds which may be received by Brookfield Office Properties will promptly be delivered
or paid over to CIBC Mellon.
	 
	6.2	 	CIBC Mellon agrees to hold any Proceeds it receives (and any interest earned thereon) in
trust on behalf of the Rights Holders that have submitted payment of the Purchase Price.
	 
	6.3	 	CIBC Mellon may, but need not, invest the Proceeds it receives in its deposit department, the
deposit department of one of its Affiliates, or the deposit department of a Canadian chartered
bank; provided that none of CIBC Mellon, the Affiliate or the Canadian chartered bank with
whom such Proceeds have been invested shall be liable to account for any profit to Brookfield
Office Properties, the Rights Holders, or to any other person other than at the rate, if any,
established from time to time by CIBC Mellon or such Affiliate or Canadian chartered bank, as
applicable. For the purpose of this Section, “Affiliate” means affiliated companies within the
meaning of the Business Corporations Act (Ontario), and Affiliates of CIBC Mellon include
Canadian Imperial Bank of Commerce, CIBC Mellon Global Securities Services Company and The
Bank of New York Mellon and each of their affiliates within the meaning of the Business
Corporations Act (Ontario).
	 
	6.4	 	As soon as practicable after the Expiry Time, CIBC Mellon shall:

	 	6.5.1.	 	calculate and tabulate all duly purchased Brookfield Residential Shares;

 

7

	 	6.5.2.	 	pay the Proceeds, together with any interest earned, if any, less any withholding
taxes, if any, to Brookfield Office Properties; and
	 
	 	6.5.3.	 	upon notice from Brookfield Residential, issue certificates representing the
Brookfield Residential Shares purchased to the applicable Rights Holders.

	7.	 	Covenants by Brookfield Office Properties:
	 
	7.1	 	Brookfield Office Properties covenants with CIBC Mellon that:

	 	a)	 	it will pay CIBC Mellon fees for its services hereunder in accordance with the
fee schedule which is attached hereto as Schedule “C”, and will repay to CIBC Mellon on
request the amount of all expenses which CIBC Mellon reasonably incurs in the execution
of its duties hereunder, including but not limited to postage, stationery, mailing
insurance and telecommunications expenditures; and
	 
	 	b)	 	it will promptly give notice to CIBC Mellon of any and all changes to the terms
and conditions of the Rights which it may resolve to make from time to time and it will
prepare and execute any and all documents to amend this Agreement pursuant to any such
changes made.

	8.	 	Replacement of Lost Rights Certificates:
	 
	8.1	 	The authority of CIBC Mellon shall also extend to the issue as transfer agent and registrar
of any replacement Rights certificate(s), the issue of which may be authorized, in writing, by
Brookfield Office Properties through any of its President, Vice President, Secretary,
Assistant-Secretary or other duly authorized officer, in lieu of a Rights certificate(s)
claimed to have been lost, destroyed or stolen.
	 
	8.2	 	The applicant for the issue of a new Rights certificate(s) pursuant to this Section shall
bear the cost of the issue thereof and in case of loss, destruction or theft shall, as a
condition precedent to the issue thereof, furnish to Brookfield Office Properties and to CIBC
Mellon such evidence of ownership and of the loss, destruction or theft of the Rights
certificate so lost, destroyed or stolen as shall be satisfactory to Brookfield Office
Properties and to CIBC Mellon, each in their own discretion, and such applicant shall also be
required to furnish indemnity in amount and form satisfactory to Brookfield Office Properties
and CIBC Mellon to save each of them harmless, and shall pay the expenses, charges and any
taxes applicable thereto to Brookfield Office Properties and CIBC Mellon in connection
therewith.
	 
	8.3	 	No new Rights certificate(s) shall be issued as replacement for a Rights certificate(s)
claimed to have been lost, destroyed or stolen until an indemnity bond naming CIBC Mellon and
Brookfield Office Properties as obligees and otherwise in amount and form satisfactory to
Brookfield Office Properties and CIBC Mellon shall have been furnished to CIBC Mellon.

 

8

	9.	 	Indemnity of CIBC Mellon:
	 
	9.1	 	All Proceeds, while in the custody of CIBC Mellon, shall be and shall remain at the sole risk
and responsibility of CIBC Mellon and CIBC Mellon shall be liable to Brookfield Office
Properties for any loss, except a loss of profit, of the Proceeds while in the custody of CIBC
Mellon.
	 
	9.2	 	Brookfield Office Properties hereby indemnifies and saves harmless CIBC Mellon and its
officers, directors, employees and agents from and against any and all liabilities, losses,
claims, damages, penalties, actions, suits, demands, levies, costs, expenses and
disbursements, including any and all reasonable legal and advisory fees and disbursements of
whatever kind of nature, which may at any time be suffered by, imposed on, incurred by or
asserted against CIBC Mellon, whether groundless or otherwise, howsoever arising directly or
indirectly from or out of any act, omission or error of CIBC Mellon in connection with its
fulfilling its duties under this Agreement, except for any liabilities arising out of gross
negligence or intentional misconduct by CIBC Mellon. In the absence of gross negligence or
intentional misconduct on its part, CIBC Mellon shall not be liable for any action taken,
suffered, or omitted by it or for any error of judgement made by it in the performance of its
duties under this Agreement. In no event will CIBC Mellon be liable for special, indirect,
consequential or punitive loss or damages of any kind whatsoever (including but not limited to
lost profits), even if CIBC Mellon has been advised of the possibility of such damages. Any
liability of CIBC Mellon will be limited in the aggregate to an amount equal to the total fees
paid by Brookfield Office Properties pursuant to this Agreement. Notwithstanding any other
provision of this Agreement, this indemnity shall survive the removal or resignation of CIBC
Mellon in connection with any or all of its duties under this Agreement and the termination of
this Agreement.
	 
	9.3	 	Without in any way limiting the generality of the foregoing indemnity, CIBC Mellon may apply
at any time to Brookfield Office Properties, to counsel for Brookfield Office Properties or to
its own counsel at the expense of Brookfield Office Properties for instructions or advice, and
Brookfield Office Properties will fully indemnify and hold CIBC Mellon harmless from any
liability for any action taken by CIBC Mellon pursuant to such instructions or advice and any
applicable legislation, regulation or order, provided it has acted in good faith, without
gross negligence and in accordance with its obligations hereunder, or in accordance with or
pursuant to such instructions or advice as may be given to it by the President, Vice
President, Secretary, Assistant-Secretary or other duly authorized officer of Brookfield
Office Properties or by counsel for Brookfield Office Properties or by its own counsel. This
indemnity shall survive the removal or resignation of CIBC Mellon in connection with any and
all of its duties and obligations under this Agreement.
	 
	10.	 	Notices:
	 
	10.1	 	All payments and notices to be made or given pursuant to this Agreement shall be made in
writing and mailed by first class insured letter postage prepaid, delivered by hand or, in the
case of a notice, delivered by facsimile. Any payment or notice so mailed shall be

 

9

	 	 	deemed to have been given and received by the addressee on the third business day next
following the day on which such payment or notice is mailed; any payment or notice so
delivered shall be deemed to have been given on the delivery date; and, in the case of a
notice which is delivered by facsimile, such notice shall be deemed to have been given upon
receipt by the sender of a confirmation of successful transmission, at the offices and to
the parties at the address shown below. An original of such notice shall be mailed within 3
business days of the transmission of the notice by facsimile:

	 	a)	 	If mailed or delivered by hand to CIBC Mellon:

CIBC Mellon Trust Company

320 Bay Street

Toronto, ON M5H 4A6

Attention:      Account Manager

	 	b)	 	If delivered by facsimile to CIBC Mellon:

Facsimile
No.: 416.643.5570

Attention:       Account Manager

	 	c)	 	If to Brookfield Office Properties:

Brookfield Properties Corporation

Three World Financial Center

200 Vesey Street, 11th Floor

New York, New York 10281

Attention:       Vice President, Compliance &

Assistant General
Counsel

Facsimile No: 212.417.7149

	11.	 	General:
	 
	11.1	 	It is understood and agreed that any benefits accruing to the Rights Holders at any time
accrue to each and every Rights Holder as against Brookfield Office Properties alone; in all
respects, subject to Section 3 and Section 4.2, CIBC Mellon shall act as agent of Brookfield
Office Properties in the execution of its duties assumed hereunder.
	 
	11.2	 	Time shall be of the essence of this Agreement.
	 
	11.3	 	This Agreement shall enure to the benefit of and be binding upon the parties hereto and their
respective successors and assigns.
	 
	11.4	 	This Agreement shall be governed by and construed in accordance with the laws of the Province
of Ontario and the laws of Canada applicable therein.
	 
	11.5	 	Subject headings used in this Agreement are for convenience of reference only and shall not
affect the construction of interpretation of this Agreement.

 

10

	11.6	 	In the event of any inconsistency between the provisions of this Agreement (other than
Section 9) and the U.S. Prospectus and the Canadian Prospectus, the terms of the U.S.
Prospectus and the Canadian Prospectus shall govern.
	 
	11.7	 	This Agreement may be executed in one or more counterparts, each of which shall be deemed an
original and all of which, taken together, shall constitute one and the same instrument.

 

11

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

	 	 	 	 	 	 	 

	 	 	BROOKFIELD PROPERTIES CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	Per:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	CIBC MELLON TRUST COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	Per:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Per:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

 

12

SCHEDULE “A”

CANADIAN PROSPECTUS

 

 

SCHEDULE “B”

U.S. PROSPECTUS

 

 

SCHEDULE “C”

FEE SCHEDULE

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