Legal Deed of Renunciation

LEGAL DEED OF RENUNCIATION

This Deed of Renunciation is made on this by and between Renouncer Name: of Address: (hereinafter referred to as "Renouncer") and Recipient Name: of Address: (hereinafter referred to as "Recipient").

RECITALS

WHEREAS, Renouncer is at law and in equity seized of or otherwise entitled to certain rights, title or interest described as: (the "Interest");

WHEREAS, Renouncer desires to irrevocably renounce and relinquish all of Renouncer's right, title, claim and interest in and to the Interest to the fullest extent permitted by law, and Recipient is willing to accept such renunciation subject to the terms set forth in this Deed;

WHEREAS, this instrument is intended to operate as a deed and to record a voluntary, unconditional and irrevocable renunciation by Renouncer.

NOW THEREFORE, in consideration of the mutual covenants and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. DEFINITIONS

In this Deed, unless the context otherwise requires, the following words have the following meanings:

"Renounced Rights" means all right, title, interest, claim, demand and benefit at law, in equity or otherwise that Renouncer has or may have had in respect of the Interest, whether presently vested, contingent or prospective, as more particularly described in Schedule A (if any) or as described in the field below:

2. RENUNCIATION

2.1 Renouncer hereby irrevocably, unconditionally and without limitation renounces, releases and forgoes all Renounced Rights and all powers, privileges and incidents of ownership of any nature whatsoever in and to the Interest, whether arising under statute, common law, equity or contract. Such renunciation is intended to be effective immediately on the Effective Date specified in Section 4.

2.2 Renouncer acknowledges that the renunciation constitutes a full and final relinquishment and that Renouncer will not hereafter claim any estate, right, title, interest, share, demand or benefit in relation to the Interest.

3. CONSIDERATION

3.1 The parties acknowledge that this Deed is executed as a deed and in consideration of the sum of (in lawful money) and other good and valuable consideration the sufficiency of which is acknowledged by Renouncer.

4. EFFECTIVE DATE

4.1 This Deed shall take effect as a deed and the renunciation shall be effective on and from the Effective Date: .

5. REPRESENTATIONS AND WARRANTIES

5.1 Renouncer represents and warrants to Recipient that:

(a) Renouncer has full power and authority to execute and deliver this Deed and to perform Renouncer's obligations hereunder;

(b) this Deed has been duly executed and delivered and constitutes a legal, valid and binding obligation of Renouncer enforceable in accordance with its terms; and

(c) the execution and performance of this Deed by Renouncer does not, to Renouncer's knowledge, violate any agreement, instrument or order to which Renouncer is a party or by which Renouncer is bound.

6. RELEASE AND COVENANTS

6.1 Renouncer hereby releases and forever discharges Recipient and Recipient's successors and assigns from any and all claims, demands, suits, causes of action, liabilities or obligations arising from or related to the Renounced Rights as of the Effective Date.

6.2 Renouncer covenants that Renouncer shall execute and deliver such further documents and take such further steps as may be reasonably required by Recipient to give full effect to the renunciation and to perfect or record the transfer or release of any interest renounced by Renouncer.

7. ACCEPTANCE

7.1 Recipient hereby accepts the renunciation and agrees to take the Interest (or accept the relinquishment) subject to the terms of this Deed.

8. NOTICES

8.1 Any notice or other communication required or permitted under this Deed must be in writing and delivered to the addresses set out below (or such other address as a party may notify in writing). Notices shall be deemed given upon receipt.

9. GOVERNING LAW

This Deed is governed by and shall be construed in accordance with the laws of: . The parties submit to the exclusive jurisdiction of the courts of that jurisdiction in respect of any dispute arising under or in connection with this Deed.

10. ENTIRE AGREEMENT, SEVERABILITY AND AMENDMENT

10.1 This Deed constitutes the entire agreement and understanding between the parties in respect of the subject matter hereof and supersedes all prior negotiations, understandings and agreements relating to such subject matter.

10.2 If any provision of this Deed is held to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired.

10.3 No amendment or waiver of any provision of this Deed shall be effective unless made in writing and executed as a deed by the party or parties to be bound.

11. WAIVER, COUNTERPARTS AND INTERPRETATION

11.1 Failure or delay by a party to exercise any right or remedy shall not constitute a waiver of that right or remedy. A waiver is effective only if given in writing and signed by the party granting the waiver.

11.2 This Deed may be executed in any number of counterparts and by the parties on separate counterparts, each of which when executed shall be an original but all of which taken together shall constitute one instrument.

12. FURTHER ASSURANCES

Each party shall, at the request and expense of the other party, do all further acts and execute and deliver all further documents necessary to give full effect to this Deed.

ADDITIONAL INFORMATION

IN WITNESS WHEREOF the parties have executed this Deed as a deed on the dates set opposite their respective signatures below.

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