TRUST AGREEMENT

This Trust Agreement is made this 6 th day of October 2006, in the City of Montreal,
at 100, Northview (Dollard-des-Ormeaux), province of Quebec, H9B 3J6, between:
-

VENELIN TOPOUZOV, domiciled and residing at 100, Northview

(Dollard-des-Ormeaux), province of Quebec, H9B 3J6

and
-

DOLIA IVANOV TODOROV of the same address;

Hereinafter referred to as the Grantors

AND
-

DOLIA IVANOV TODOROV of the same address;

Hereinafter referred to as the trustee

IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES SET

FORTH HEREIN, GRANTORS AND TRUSTEE AGREE AS FOLLOWS.
1.

This Trust is hereby created for the benefits of their the following children,
namely:
(a)

TANIA GIROUX, residing at , and

(b)

MARIA TOPOUZOV, residing at 100, Northview (Dollard-desOrmeaux), province of Quebec. H9B 3J6
Hereinafter referred to as the beneficiaries

2.

The present Trust is made and created by the Grantors for and in favour of the
Beneficiaries in consideration of the relationships and ties that link the
Grantors with the Beneficiaries.

3.

This Trust will be named the Todorov Family Trust.

4.

The Trust Estate or any part or parts thereof shall never at any time be liable
to seizure or attachment of any nature whatsoever for any debts of obligations
of any and every nature whatsoever which the Beneficiaries may at any time
ever have contracted or ever become liable for, and/of may at any time
hereafter contract or become liable for.

Parties

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5.

Grantors herewith assigns, transfers, and conveys to Trustee the property

described in Exhibit "A" attached hereto and made a part hereof by this
reference, and receipt of such property is hereby acknowledged by Trustee.
Such property, hereafter designated the Trust Estate, shall be held by
Trustee in Trust for the uses and purposes and on the terms and conditions
set forth herein.

6.

Trustee shall administer and manage the Trust Estate in accordance with
the laws and shall have all the powers as provided by the laws. It is
specifically provided that the Trustee shall have the right to use for her own
benefit or for the benefit of the family any motor vehicle belonging to the
Trust Estate, and that she will not be accountable for any depreciation that is
caused by such use.

7.

Grantors and any other person shall have the right at any time to add
property acceptable to Trustee to this Trust. Such property, when received
and accepted by Trustee, shall become part of the Trust Estate.

8.

This trust shall be terminated when both beneficiaries are 25 years old. At
that time, the assets shall be divided equally between the beneficiaries.

9.

The original Trustee hereunder, and all Successor Trustees, shall be entitled
to reasonable compensation for their services as Trustee.

10.

The Trustee shall not be responsible for errors of judgment or of any action or
inaction in or pertaining to the Administration, and shall be accountable only
for clear and intentional fraud and not other wise.

11.

The decisions, options, opinions and acts of discretion of the Trustee on all
matters pertaining to the Administration, and any modifications of such
decisions, options, opinions, and acts of discretion, shall be final and binding
upon the Beneficiaries and all other persons concerned.

12.

The Trustee shall not be obliged to render an annual accounting of the

Administration. The books, records and accounts of the Trust shall be
supervised by an Accountant, and such books, records and accounts shall at
all times be deemed to be the account of the Administration.

13.

The validity, construction, and effect of this agreement and the Trust created
hereunder and its enforcement shall be determined by the laws of the
province of Quebec.

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14.

The parties hereto have requested that these presents and all court
proceedings thereto related be drafted in English, Les paries aux prsentes
ont demand ce que cette entente et toutes les procdures judiciaires y
affrentes soient rdiges en anglais.

In Witness Whereof, Grantors and Trustee have executed this Agreement on the
date and at the place above written.

VENELIN TOPOUZOV
Grantor

DOLIA IVANOV TODOROV

Trustee

DOLIA IVANOV TODOROV

Grantor

Witness

Parties