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      ¥¤     Ñïªâ&þNUŸ[†DpÉC [_xæ~f×«F+H‹ ‹ïÎ‚º¹-4ãt|ý÷3RÊy¶ñV”èJ‡Hi©Mô…þ3îŠ’õû3r“~(
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  w   |   v
  4      ò
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   O  0   ä   Y     ö   =     o  3     ö   ¢     o  ˜            ˜            ˜            ˜            ˜  0   ä        ¿   ë            ë            ë            ë  	B      ª  ( ô\	  	   `   " T m s R m n   1 1 p t       A F     &                 $ÿÿ        3 5 9 A M ] q ‰ ¥ 1     1   1 . 1   1 . 1 . 1   1 . 1 . 1 . 1   1 . 1 . 1 . 1 . 1   1 . 1 . 1 . 1 . 1 . 1   1 . 1 . 1 . 1 . 1 . 1 . 1   1 . 1 . 1 . 1 . 1 . 1 . 1 . 1   ) Ï¾¦  	   `   ( C G   T i m e s       S c a l a b l e    
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   
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  :Y! ÝÔ    ÔÔ     ÔÑ     ÑÓC €	                  ÿÿ        $   #                 C ÓØ-                                    - ØÓ     ÓÝ    Ý›Ö  €       ÿÿ ÖÑ    
 ÑœÔ   CEUS. ,  ÔÔ €  &‰Î &  & &   ÔÔ €  XË X & &‰Î ÔòòAGREEMENT›€ENTERED€INTO€AS€OF€œAPRIL€30,›€1997;óóÐ   	 °      ÐÌÌBETWEEN:à0    `	 àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# àòòTELESYSTEM€WIRELESSÐ   	 €Ð   ÐœINVESTMENTS›€N.V.óó,€a€corporationÐ   	 pÀ   Ðincorporated€pursuant€to€the€laws€ofÏNetherlands€Antilles,Ð    (#(#  Ðà     àà    `	 àà    ¸ àà     àà    h àà    À àà0     àÐ    (#(#  Ðà0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# à(hereinafter€€referred€to€as€the€ð ðShareholderðð)Ð    (#(#  ÐÌÌAND:à0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# àòòTELESYSTEM€INTERNATIONALÐ   	  P
   ÐWIRELESS€INC.óó,€a€corporation€incorporatedÐ   	 ð@   Ðpursuant€to€the€òòCanada€BusinessÐ   	 à0   ÐCorporations€Actóó;Ð    Ð  (#(#  ÐÌà0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# à(hereinafter€referred€to€as€the€œð ðCorporationðð)›Ð    (#(#  ÐÌÌAND:à0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# àòòMONTREAL€TRUST€œCOMPANY€OFÐ   	 €Ð   ÐCANADAóó,›€a€trust€company€governed€by€theÐ   	 pÀ   Ðlaws€of€œCanada;›Ð    (#(#  ÐÌà0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# à(hereinafter€the€œð ðTrusteeðð)›Ð    (#(#  ÐÌÌANDà0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# àòòTELESYSTEM€LTD.óó,€a€corporationÐ   	 `   Ðincorporated€pursuant€œto›€the€òòCanada€BusinessÐ   	  P   ÐCorporations€œActóó;›Ð    ð@ (#(#  ÐÌà0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# à(hereinafter€œð ðTelesystemðð)›Ð    (#(#  ÐÌÌà     àWHEREAS€the€Corporation€proposes€to€issue€Subordinate€Voting€Shares€pursuant€to€aÏprospectus€dated€œApril€30,€1997›€(the€œñ êñ"ñêññëñð ðñëñDistributionðð);›ÌÌà     àWHEREAS,€on€the€closing€date€of€the€Distribution€(the€ð ðClosing€Dateðð),€œ3,257,813›€MultipleÏVoting€Shares€of€the€Corporation€will€be€issued€and€outstanding;ÌÌà     àWHEREAS€the€Shareholder€is€the€owner€of€œ3,257,813›€Multiple€Voting€Shares,€representingÏ100%€of€all€of€the€Multiple€Voting€Shares€issued€and€outstanding€on€the€date€hereof€and€100%€ofÏall€of€the€Multiple€Voting€Shares€issued€and€outstanding€on€the€closing€date€of€the€Distribution;ÌÌà     àWHEREAS€the€Shareholder€and€the€Corporation€wish€to€enter€into€this€agreement€in€orderÏto€have€the€Subordinate€Voting€Shares€listed€on€the€Montreal€Exchange€and€the€Toronto€StockÐ    ð-@),    ÐExchange€and€in€order€to€ensure€that€the€holders,€from€time€to€time,€of€the€Subordinate€VotingÏShares€are€not€deprived€of€the€rights€conferred€thereon€by€the€applicable€take„over„bid€legislation,Ïwhich€rights€would€have€been€conferred€thereon€in€the€event€of€a€take„over€bid€as€if€the€MultipleÏVoting€Shares€and€the€Subordinate€Voting€Shares€constituted€a€single€class€of€shares;ÌÌà     àWHEREAS€the€Shareholder€and€the€Corporation€agree€that€the€Multiple€Voting€Shares€mayÏbe€transferred€to€a€member€of€the€Telesystem€Group€(as€hereinafter€defined)€provided€that€suchÏmember€of€the€Telesystem€Group€undertakes€to€exercise€upon€the€transfer€of€such€shares€to€a€personÏthat€is€not€a€member€of€the€Telesystem€Group€the€conversion€rights€attached€to€such€Multiple€VotingÏShares.€€For€the€purposes€hereof€(i)€ð ðTelesystem€Groupðð€shall€include€Telesystem€and€its€œaffiliates,Ïas€defined€under€the€òòCanada€Business€Corporations€Actóó,›€Charles€Sirois€as€well€as€any€corporationÐ   	 ²`	
   Ðcontrolled€by€Charles€Sirois€and€(ii)€ð ðcontrolðð€shall€imply,€in€addition€to€the€beneficial€ownershipÏof€shares€carrying€the€beneficial€ownership€of€more€than€50%€of€the€voting€rights,€the€beneficialÏownership€of€more€than€50%€of€the€equity€securities€of€a€body€corporate;ÌÌà     àWHEREAS€Telesystem€is€the€parent€company€of€the€Shareholder€and€agrees€that€it€shallÏensure€compliance€of€any€obligation€of€the€Telesystem€Group€hereunder.ÌÌà     àWHEREAS€the€Shareholder€and€the€Corporation€wish€to€appoint€the€Trustee€as€trustee€forÏthe€holders,€from€time€to€time,€of€the€Subordinate€Voting€Shares€in€order€that€such€holders,€throughÏthe€Trustee,€may€benefit€from€the€undertakings€of€the€Shareholder€and€the€Corporation€set€forth€inÏthis€agreement;ÌÌà     àWHEREAS€the€recitals€set€forth€hereinabove€are€made€by€the€Corporation€and€itsÏShareholders€and€not€by€the€Trustee;ÌÌà     àNOW,€THEREFORE,€the€parties€hereto€agree€as€follows:ÌÌÓC €	                  ÿÿ   $        $                 C ÓÔ2  ÿÿ                  ÔÚ    Ú1Ú
   
 Ú.Ô3
   
 Ôà0     àThe€Shareholder,€in€order€to€dispose€of€its€Multiple€Voting€Shares€to€a€person€that€is€not€aÐ   	 ’ @   Ðmember€of€the€Telesystem€Group,€will€have€to€tender€its€Multiple€Voting€Shares€withÏinstruction€to€the€Trustee€to€automatically€convert€such€Multiple€Voting€Shares€intoÏSubordinate€Voting€Shares€œimmediately€prior€to›€the€moment€the€Multiple€Voting€Shares€areÏtaken€up€and€paid€for€under€any€offer.€€This€undertaking€of€the€Shareholder€is€applicable€toÏthe€sale€of€the€Multiple€Voting€Shares€it€owns€to€a€person€that€is€not€a€member€of€theÏTelesystem€Group€even€though€such€sale€would€not€constitute€a€take„over€bid,€as€generallyÏdefined€by€applicable€securities€legislation.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú2Ú
   
 Ú.Ô3
   
 Ôà0     àThe€Shareholder€undertakes€not€to€transfer€any€Multiple€Voting€Shares€held€by€it€on€theÐ   	 )°"%   ÐClosing€Date€or€acquired€thereafter,€to€any€person€other€than€a€member€of€the€TelesystemÏGroup€and€provided€that€such€member€of€the€Telesystem€Group€undertakes€in€writing,€inÏfavour€of€the€Corporation€and€the€Trustee,€to€exercise,€œimmediately€prior€to€the€transfer›€ofÏâ
    
 âsuch€Multiple€Voting€Shares€to€a€person€that€is€not€a€member€of€the€Telesystem€Group,€theÐ   	 Â,p&)   Ðconversion€rights€attached€to€such€Multiple€Voting€Shares€and€provided€that€such€sale€doesÏnot€constitute€a€take„over€bid€as€generally€defined€under€applicable€securities€legislation.Ð    (#(#  Ðâ
    
 âÌÔ2  ÿÿ                 ÔÚ    Ú3Ú
   
 Ú.Ô3
   
 Ôà0     àThe€Shareholder€agrees€to€exercise€the€conversion€rights€into€Subordinate€Voting€SharesÐ   	 "	Ð   Ðattached€to€the€Multiple€Voting€Shares€held€by€it€upon€receipt€of€a€Special€Conversion€OrderÏissued€by€the€Board€of€Directors€of€the€Corporation€(the€ð ðSpecial€Conversion€Orderðð).€€AÏSpecial€Conversion€Order€is€an€order€of€the€Board€of€Directors€of€the€Corporation€ordering€Ïthe€Shareholder€to€convert€all€Multiple€Voting€Shares€held€€by€it€into€Subordinate€VotingÏShares.€€The€Board€of€Directors€of€the€Corporation€shall€be€authorized€to€issue€a€SpecialÏConversion€Order€in€any€of€the€following€circumstances,€namely:€(i)€12€months€followingÏthe€death€of€Charles€Sirois;€(ii)€60€days€after€Charles€Sirois€ceases€to€control€Telesystem€œLtd.Ïfor€reasons€other€than€the€event€mentioned€in€(i);›€(iii)€60€days€after€Charles€Sirois€ceases€toÏbe€the€Chairman€of€the€Board€of€the€Corporation€at€any€time€during€a€period€of€three€yearsÏfrom€the€Closing€Date€and€his€successor€in€such€position€is€not€a€candidate€recommendedÏby€Charles€Sirois€and€supported€by€the€Board€of€Directors.€€A€Special€Conversion€OrderÏshall€be€issued€by€a€resolution€of€the€Board€of€Directors€of€the€Corporation€approved€by€theÏaffirmative€vote€at€least€two„thirds€of€the€directors€of€the€Corporation€present€at€the€meetingÏ(any€fraction€being€rounded€up€to€the€next€higher€round€number),€excluding€any€directorsÏdesignated€by€Telesystem€Ltd.€or€by€the€Telesystem€Group€who€shall€not€be€entitled€to€voteÏon€such€resolution€nor€be€counted€as€present€of€the€meeting€for€the€purpose€of€the€vote€onÏsuch€resolution.€€Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú4Ú
   
 Ú.Ô3
   
 Ôà0     àIn€addition€to€the€events€listed€above,€the€Board€of€Directors€of€the€Corporation€willÐ   	 ò    Ðreconsider,€within€six€months€after€the€date€of€the€eighth€anniversary€of€the€Closing€Date,Ïthe€elimination,€maintenance€or€amendment€of€the€Multiple€Voting€Shares€in€favour€ofÏTelesystem€Ltd.€with€the€approval€of€a€simple€majority€of€the€Board€of€Directors,€TelesystemÏLtd.€nominees€being€entitled€to€vote€on€this€resolution.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú5Ú
   
 Ú.Ô3
   
 Ôà0     àSubject€to€section€10,€the€Shareholder€shall€not€sell€any€Multiple€Voting€Shares,€directly€orÐ   	 ’ @   Ðindirectly,€pursuant€to€a€take„over€bid€on€the€Multiple€Voting€Shares,€as€defined€byÏapplicable€securities€legislation,€under€circumstances€in€which€securities€legislation€wouldÏhave€required€the€same€offer€or€a€follow„up€offer€to€be€made€to€holders€of€SubordinateÏVoting€Shares€if€the€sale€had€been€of€Subordinate€Voting€Shares€rather€than€Multiple€VotingÏShares,€but€otherwise€on€the€same€terms.€€For€such€purpose,€it€shall€be€assumed€that€the€offerÏthat€gave€rise€to€such€sale€of€Subordinate€Voting€Shares€would€have€constituted€a€take„overÏbid€under€applicable€securities€legislation,€regardless€of€whether€this€actually€was€the€case.€ÏHowever,€it€is€understood€and€agreed€that€a€sale€by€a€shareholder€of€Multiple€Voting€SharesÏthat€does€not€constitute€a€take„over€bid€(as€defined€by€applicable€securities€legislation)€shallÏnot€be€covered€by€this€section€5€provided€it€occurs€in€strict€compliance€with€sections€2€andÏ9€hereof.€In€determining€whether€there€has€been€a€sale€of€or€an€offer€for€Multiple€VotingÏShares€and€the€terms€and€circumstances€of€any€such€sale€or€offer,€effect€shall€be€given€to€allÏâ
    
 âtransactions€contemplated€by€the€agreement€pursuant€to€which€the€Multiple€Voting€SharesÐ   	 Â,p&)   Ðare€or€will€be€sold,€whether€any€of€such€transactions€are€completed€on,€before€or€after€theÏtime€of€sale€of€Multiple€Voting€Shares.Ð    (#(#  Ðâ
    
 âÌÔ2  ÿÿ                 ÔÚ    Ú6Ú
   
 Ú.Ô3
   
 Ôà0     àWithout€limiting€the€generality€of€section€5,€a€sale€shall€be€deemed€to€be€an€indirect€sale€ofÐ   	 "	Ð   ÐMultiple€Voting€Shares€of€a€shareholder€or€of€any€person€or€company€controlled,€directly€orÏindirectly,€by€such€shareholder€if€the€offer€pursuant€to€which€such€sale€is€made€is€deemed€toÏbe€an€Indirect€Offer€for€the€Multiple€Voting€Shares€under€the€take„over€bid€provisions€ofÏapplicable€securities€legislation.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú7Ú
   
 Ú.Ô3
   
 Ôà0     àThe€Shareholder€shall€not,€and€Telesystem€shall€ensure€that€each€member€of€the€TelesystemÐ   	 Âp	   ÐGroup€shall€not,€effect€or€facilitate€a€sale€(including€an€indirect€sale)€set€forth€in€section€5€inÏrespect€of€any€Multiple€Voting€Shares€owned€from€time€to€time€by€such€shareholder€or€anyÏmember€of€the€Telesystem€Group,€regardless€of€whether€such€person€or€company€is€a€partyÏto€this€agreement,€unless€sections€2€or€10€apply€in€respect€of€such€sale.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú8Ú
   
 Ú.Ô3
   
 Ôà0     àIf€any€person€or€company,€other€than€the€Shareholder,€carries€out€a€sale€(including€an€indirectÐ   	 b   Ðsale)€set€forth€in€section€1€in€respect€of€any€Multiple€Voting€Shares€owned€from€time€to€timeÏby€a€shareholder,€and€if€section€2€or€10€applies€in€respect€of€such€sale,€such€shareholder€shallÏnot€at€the€time€such€sale€becomes€effective€or€thereafter€do€any€of€the€following€with€respectÏto€any€of€the€Multiple€Voting€Shares€so€sold:€€(a)€dispose€thereof€without€the€prior€writtenÏconsent€of€the€Trustee;€(b)€convert€them€into€Subordinate€Voting€Shares€without€the€priorÏwritten€consent€of€the€Trustee;€or€(c)€exercise€any€voting€rights€attaching€thereto€except€inÏaccordance€with€the€written€instructions€of€the€Trustee,€such€shareholder€being€required€toÏcomply€with€such€instructions.€€The€Trustee€may€attach€conditions€to€any€consent€it€givesÏin€the€exercise€of€its€rights€œhereunder€in€order€to€ensure€compliance€with€this€Agreement.›€ÏThe€Trustee€may€attach€conditions€to€any€consent€it€gives€in€exercising€its€rights€hereunder.€ÏThe€Trustee€shall€exercise€such€rights:€€(i)€in€the€best€interests€of€the€holders€of€theÏSubordinate€Voting€Shares,€other€than€the€said€shareholder€and€holders€who,€in€the€opinionÏof€the€Trustee,€participated€directly€or€indirectly€in€the€transaction€that€triggered€theÏapplication€of€this€section€8;€and€(ii)€consistent€with€the€intentions€of€the€Shareholders€andÏthe€Corporation€in€entering€into€this€Agreement€as€such€intentions€are€set€out€in€the€preambleÏto€this€Agreement.€€Notwithstanding€any€indirect€sales€of€Multiple€Voting€Shares€whichÏcontravenes€section€5€and€to€which€this€section€8€applies,€the€shareholder€shall€incur€noÏliability€under€this€agreement€in€respect€of€such€sale,€provided€that€such€shareholder€is€inÏcompliance€with€all€other€provisions€of€this€agreement,€including,€without€limitation,€theÏprovisions€of€section€7€and€this€section€8.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú9Ú
   
 Ú.Ô3
   
 Ôà0     àThe€Shareholder€shall€not,€and€Telesystem€shall€ensure€that€each€member€of€the€TelesystemÐ   	 )°"%   ÐGroup€shall€not,€effect€or€facilitate€a€disposition€of€any€Multiple€Voting€Shares€or€securitiesÏconvertible€into€Multiple€Voting€Shares,€owned€by€such€shareholder€or€by€any€member€ofÏthe€Telesystem€Group,€unless€it€occurs€in€strict€compliance€of€Section€2€hereof€and€theÏdisposition€is€conditional€upon€the€person€or€company€acquiring€the€shares€or€the€securitiesÏconvertible€into€such€shares€becoming€a€party€to€an€agreement€having€the€same€terms€andÐ   	 ²-`'*   Ðconditions€as€this€agreement€and€under€which€such€person€or€company€will€have€the€sameÏrights€and€obligations€as€the€selling€shareholder€hereunder€and€in€which€€all€references€in€thisÏagreement€to€the€selling€shareholder€shall€be€deemed€to€apply€to€the€acquirer€of€such€shares.ÏIt€is€understood€that€the€conversion€of€Multiple€Voting€Shares€into€Subordinate€VotingÏShares,€whether€or€not€such€Subordinate€Voting€Shares€are€subsequently€sold,€shall€notÏconstitute€a€disposition€of€Multiple€Voting€Shares€for€the€purposes€of€this€agreement.€ÏHowever,€the€Shareholder€agrees€that,€as€long€as€Multiple€Voting€Shares€are€held€by€holdersÏother€than€the€Shareholder,€it€will€maintain€a€participation€of€at€least€80%€of€the€outstandingÏMultiple€Voting€Shares.Ð    (#(#  ÐÌÔ2  ÿÿ 	                ÔÚ    Ú10Ú
   
 Ú.Ô3
   
 Ôà0     àNothing€in€this€agreement€shall€prevent€any€of€the€Shareholders€from€time€to€time,€directlyÐ   	 ²`	
   Ðor€indirectly,€from€granting€security,€by€way€of€pledge,€hypothecation€or€otherwise,€whetherÏdirectly€or€indirectly,€in€Multiple€Voting€Shares€to€any€financial€institution€with€which€itÏdeals€at€arm's€length€(within€the€meaning€of€the€òòIncome€Tax€Actóó€(Canada))€in€connectionÐ   	 ‚0   Ðwith€a€bona€fide€borrowing,€provided€that€concurrent€with€the€pledge,€hypothecation€or€otherÏgranting€of€the€security,€the€financial€institution€undertakes€in€writing€to€become€a€party€toÏand€to€abide€by€the€terms€of€this€agreement€as€if€such€financial€institution€were€theÏshareholder€herein€until€such€time€as€the€pledge,€hypothecation€or€other€security€has€beenÏreleased€or€the€Multiple€Voting€Shares€which€were€subject€thereto€have€been€disposed€of€inÏaccordance€with€the€terms€of€this€agreement€and€a€copy€of€such€undertaking€is€transmittedÏto€the€Trustee.€€In€such€a€case,€all€references€in€this€agreement€to€a€shareholder€shall€includeÏsuch€financial€institution.€€For€greater€certainty,€if€the€financial€institution€realizes€on€theÏsecurity€of€Multiple€Voting€Shares,€the€Multiple€Voting€Shares€shall€immediately€œconvert›Ïto€Subordinate€Voting€Shares.Ð    (#(#  ÐÌÔ2  ÿÿ 
                ÔÚ    Ú11Ú
   
 Ú.Ô3
   
 Ôà0     àIf€at€any€time€a€shareholder€of€the€Corporation,€any€of€the€Canadian€stock€exchanges,€anyÐ   	 Âp   Ðsecurities€regulatory€authority€having€jurisdiction€or€any€other€interested€person€(includingÏany€holder€of€Subordinate€Voting€Shares)€delivers€to€the€Trustee€a€written€notice€to€the€effectÏthat€such€person€has€reasonable€cause€to€believe€that€the€Shareholder€or€the€Corporation€mayÏhave€breached,€or€may€intend€to€breach,€any€provision€of€this€agreement,€the€Trustee€shallÏforthwith€make,€or€shall€cause€to€be€made,€reasonable€inquiries€of€the€Corporation,€suchÏshareholder,€any€party€to€an€agreement€to€purchase€Multiple€Voting€Shares€and€anyÏappropriate€securities€regulatory€authorities€or€stock€exchanges€to€determine€whether€suchÏa€breach€has€occurred€or€is€intended,€and€if€the€Trustee€thereupon€determines€that€such€is€theÏcase€the€Trustee€shall€forthwith€deliver€to€the€Corporation€and€to€the€Shareholder€a€certificateÏstating€that€the€Trustee€has€made€such€determination.€€The€Trustee€shall€thereupon€be€entitledÏto€take€and,€subject€to€section€13,€shall€take€such€action€as€the€Trustee€considers€necessaryÏto€enforce€its€rights€under€this€agreement€on€behalf€of€the€holders€of€the€Subordinate€VotingÏShares.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú12Ú
   
 Ú.Ô3
   
 Ôà0     àSubject€to€section€13,€if€and€whenever€holders€of€not€less€than€10%€of€the€then€outstandingÐ   	 Ò+€%(   ÐSubordinate€Voting€Shares€determine€that€the€Shareholder€or€the€Corporation€has€breached,Ïor€intends€to€breach,€any€provision€of€this€agreement,€such€holders€may€require€the€TrusteeÐ   	 ²-`'*   Ðto€take€action€in€connection€therewith€by€delivering€to€the€Trustee€a€requisition€in€writingÏsigned€in€one€or€more€counterparts€by€such€holders€and€setting€forth€the€action€to€be€takenÏby€the€Trustee,€and€upon€receipt€by€the€Trustee€of€such€a€requisition€the€Trustee€shallÏforthwith€take€such€action€as€is€specified€in€the€requisition€and€any€other€action€that€theÏTrustee€considers€necessary€to€enforce€its€rights€under€this€agreement€on€behalf€of€theÏholders€of€the€Subordinate€Voting€Shares.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú13Ú
   
 Ú.Ô3
   
 Ôà0     àThe€obligation€of€the€Trustee€to€take€any€action€on€behalf€of€the€holders€of€the€SubordinateÐ   	 â   ÐVoting€Shares€shall€be€conditional€upon€the€Trustee€receiving€from€the€Corporation,€theÏshareholder€alleged€to€be€in€default€or€from€one€or€more€holders€of€Subordinate€VotingÏShares€such€funds€and€indemnities€as€the€Trustee€may€reasonably€require€in€respect€of€anyÏcosts€or€expenses€which€it€may€incur€in€connection€with€any€such€action.€€The€CorporationÏshall€provide€such€funds€and€indemnities€to€the€Trustee€if€the€Trustee€has€delivered€to€theÏCorporation€the€certificate€referred€to€in€section11.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú14Ú
   
 Ú.Ô3
   
 Ôà0     àNo€holder€of€Subordinate€Voting€Shares€shall€have€the€right,€other€than€through€the€Trustee,Ð   	 b   Ðto€institute€any€action€or€proceeding€or€to€exercise€any€other€remedy€for€the€purpose€ofÏenforcing€any€rights€arising€from€this€agreement€unless€the€holders€of€Subordinate€VotingÏShares€have€requested€in€the€manner€set€forth€in€section€12€that€the€Trustee€act€and€haveÏprovided€reasonable€funds€and€indemnities€to€the€Trustee€and€the€Trustee€has€failed€to€so€actÏwithin€30€days€after€the€provision€of€such€funds€and€indemnities.€€In€such€case,€any€holderÏof€Subordinate€Voting€Shares€acting€on€its€own€behalf€and€on€behalf€of€all€other€holders€ofÏSubordinate€Voting€Shares€shall€be€entitled€to€take€proceedings€in€any€court€of€competentÏjurisdiction€or€exercise€any€such€remedy€as€the€Trustee€might€have€taken.€€However,€noÏprovision€of€this€agreement€shall€limit€the€rights€of€any€holders€of€Subordinate€Voting€SharesÏunder€applicable€securities€legislation.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú15Ú
   
 Ú.Ô3
   
 Ôà0     àThe€Corporation€shall€do€all€things€necessary€to€facilitate€the€due€performance€of€thisÐ   	 ¢P   Ðagreement€including€the€fulfilment€by€the€Shareholder€of€its€obligations€hereunder.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú16Ú
   
 Ú.Ô3
   
 Ôà0     àNotwithstanding€any€provision€set€forth€herein,€the€prior€written€consent€of€the€Trustee€mustÐ   	 r"    Ðbe€obtained€in€respect€of€any€sale€of€Multiple€Voting€Shares,€whether€direct€or€indirect,€byÏthe€Shareholder.€€Such€consent€shall€be€given€within€10€days€following€the€receipt€by€theÏTrustee€of€satisfactory€proof€that€the€sale€by€the€said€shareholder€is€not€made€inÏcontravention€of€this€agreement.€€For€the€purposes€hereof,€the€Trustee€is€authorized€toÏconsider€a€legal€opinion€to€be€satisfactory€proof.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú17Ú
   
 Ú.Ô3
   
 Ôà0     àThe€Shareholder€hereby€agrees€to€tender€to€the€Trustee,€on€the€closing€date€of€theÐ   	 )°"%   ÐDistribution,€the€Multiple€Voting€Shares€that€will€be€represented€by€the€certificates€indicatedÏin€Schedule€1€hereto€and€hereby€undertake€to€deliver€such€certificates€or€cause€same€to€beÏdelivered€(including€securities€or€replacement€certificates,€if€any,€that€will€be€issued€orÏattributed)€to€the€Trustee€on€the€closing€date€of€the€Distribution€for€the€purposes€of€ensuringÏcompliance€with€the€terms€and€conditions€hereof.€€These€shares€are€also€escrowed€under€anÐ   	 ²-`'*   Ðescrow€agreement€entered€into€on€œApril€30,€1997›€among€the€Shareholder,€the€Trustee€and€theÏCorporation€and,€from€time€to€time,€when€these€shares€will€be€released,€they€will€beÏdeposited€with€the€Trustee€pursuant€to€the€terms€of€this€Agreement.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú18Ú
   
 Ú.Ô3
   
 Ôà0     àAll€of€the€rights€attached€to€the€Multiple€Voting€Shares€tendered€pursuant€hereto,€includingÐ   	 
À   Ðòòinter€alia€óó€the€voting€rights,€will€at€all€times€be€exercised€by€the€Shareholder,€subject€to€theÐ   	 °   Ðprovisions€of€this€agreement.€€If€the€Trustee€receives€any€dividend€or€any€other€distributionÏin€respect€of€the€shares€tendered€pursuant€hereto,€such€dividend€or€such€distribution€will€beÏforthwith€paid€or€transferred€to€the€respective€securities€holders€entitled€thereto.Ð    (#(#  ÐÌÔ2  ÿÿ                  ÔÚ    Ú19Ú
   
 Ú.Ô3
   
 Ôà0     àThe€Trustee€may€resign€and€be€discharged€from€all€of€its€duties€and€liabilities€hereunder,Ð   	 ²`	
   Ðsubject€to€this€section€19,€after€giving€30€days'€written€notice€to€the€Corporation€and€theÏShareholder€or€such€shorter€notice€as€the€Corporation€and€the€Shareholder€may€accept€asÏsufficient.Ð    (#(#  ÐÌà0     àThe€Corporation€may€terminate€the€Trustee's€mandate€pursuant€to€this€agreement,€afterÏgiving€30€days'€written€notice€to€the€Trustee,€should:Ð    (#(#  ÐÌà     à(a)à0    `	 àany€corporation€into€or€with€which€the€Trustee€may€be€merged€or€consolidated€orÐ   	 2à   Ðamalgamated,€or€any€corporation€succeeding€the€trust€business€of€the€Trustee€beÏunacceptable€to€the€Corporation,€acting€reasonably;€orÐ    `	(#`	(#  ÐÌà     à(b)à0    `	 àthe€financial€situation€of€the€Trustee€is€such€that,€in€the€opinion€of€the€Corporation,Ð   	 ò    Ðacting€reasonably,€it€jeopardizes€the€Trustee's€capability€to€perform€its€obligationsÏunder€this€agreement;€orÐ    `	(#`	(#  ÐÌà     à(c)à0    `	 àthe€fees€and€expenses€of€the€Trustee€are,€in€the€opinion€of€the€Corporation,€actingÐ   	 ²`   Ðreasonably,€not€consistent€with€the€general€practice€of€the€industry.Ð    `	(#`	(#  ÐÌà0     àIn€the€event€of€the€resignation€of€the€Trustee€or€the€termination€of€the€Trusteeððs€mandate,€theÏCorporation€shall€forthwith€appoint€a€new€trustee,€which€shall€be€a€corporation€licensed€orÏauthorized€to€carry€on€the€business€of€a€trust€company€in€Quebec;€failing€such€appointment,Ïthe€Shareholder,€the€Trustee€or€any€holder€of€Subordinate€Voting€Shares€may€apply€to€aÏjudge€of€the€Superior€Court€of€Qubec€for€the€appointment€of€a€new€trustee.€€Upon€any€newÏappointment,€the€new€trustee€shall€be€vested€with€the€same€powers,€rights,€duties€andÏresponsibilities€as€if€it€had€been€originally€named€herein€as€the€trustee,€but€there€shall€beÏimmediately€executed,€at€the€expense€of€the€Corporation,€all€such€instruments€as€may€be,€inÏthe€opinion€of€counsel€of€the€Corporation,€necessary€or€desirable€to€confirm€such€vesting.€ÏAny€resignation€or€termination€of€the€Trustee€shall€not€become€effective€until€the€successorÏparty€has€executed€an€appropriate€instrument€accepting€the€appointment€as€the€new€trustee.€ÏNotwithstanding€such€resignation€or€termination,€the€Trustee€shall€continue€to€beÏindemnified€in€accordance€with€section€20.Ð    (#(#  ÐÐ   	 ²-`'*   ÐÔ2  ÿÿ                 ÔÚ    Ú20Ú
   
 Ú.Ô3
   
 Ôà0     àÔ2  ÿÿ                Ô(Ú   ÚaÚ
   
 Ú)Ô3
   
 Ôà0    `	(#(# àThe€Shareholder€and€the€Corporation€agree,€jointly€but€not€severally,€to€indemnifyÐ   	 R      Ðand€save€harmless€the€Trustee€from€and€against€all€claims,€liabilities,€losses,Ïpenalties,€actions,€suits,€costs,€expenses€and€disbursements€(including€the€fees€andÏexpenses€of€legal€and€other€advisors)€made€against€it€by€anyone,€in€the€absence€ofÏnegligence€or€fraud€by€the€Trustee,€its€officers,€directors€and€employees,€by€reasonÏof€the€Trustee's€compliance€in€good€faith€with€the€terms€hereof.Ð    `	(#`	(#  ÐÌà     àÔ2  ÿÿ               Ô(Ú   ÚbÚ
   
 Ú)Ô3
   
 Ôà0    `	 àThe€Trustee€may€employ€or€retain€such€counsel,€auditors,€accountants,€or€otherÐ   	 â   Ðexperts€or€advisors,€whose€qualifications€give€authority€to€any€opinion€or€report€madeÏby€them€as€it€may€reasonably€require€for€the€purpose€of€discharging€its€dutiesÏhereunder€and€shall€not€be€responsible€for€any€misconduct€on€the€part€of€any€of€them.€ÏThe€Trustee€may,€if€it€is€acting€in€good€faith,€rely€on€the€accuracy€of€any€suchÏopinion€or€report.Ð    `	(#`	(#  ÐÌà     àÔ2  ÿÿ               Ô(Ú   ÚcÚ
   
 Ú)Ô3
   
 Ôà0    `	 àThe€Trustee€shall€have€no€responsibility,€if€it€is€acting€in€good€faith,€for€theÐ   	 r    Ðgenuineness€or€validity€of€any€securities,€documents€or€other€things€deposited€withÏit.€€In€the€exercise€of€its€rights,€duties€and€obligations€hereunder,€the€Trustee€may,€ifÏit€is€acting€in€good€faith,€rely€on€the€truth€of€the€statements€made€in€any€certificatesÏor€other€documents€provided€to€it.Ð    `	(#`	(#  ÐÌÔ2  ÿÿ                ÔÚ    Ú21Ú
   
 Ú.Ô3
   
 Ôà0     àThe€Corporation€shall€pay€the€reasonable€fees€and€expenses€to€the€Trustee€in€connection€withÐ   	 À   Ðthe€performance€of€the€Trustee's€obligations€hereunder,€including€the€reasonable€fees€andÏdisbursements€of€counsel€or€other€experts€employed€by€the€Trustee,€without€tax,€but€thisÏsection€21€shall€not€require€the€Corporation€to€pay€any€fees€or€expenses€in€connection€withÏany€action€taken€by€the€Trustee€pursuant€to€section€11€if€the€Trustee€has€not€delivered€to€theÏCorporation€the€certificate€referred€to€in€section€11€in€respect€of€such€action.€€If€it€isÏestablished€that€a€breach€has€occurred€and€was€caused€by€a€shareholder,€the€Corporation€shallÏbe€entitled€to€full€reimbursement€by€such€shareholder€of€all€such€expenses€or€fees.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú22Ú
   
 Ú.Ô3
   
 Ôà0     àThe€Trustee€hereby€accepts€the€appointment€as€trustee€for€the€holders€from€time€to€time€ofÐ   	 ‚!0   Ðthe€Subordinate€Voting€Shares€upon€the€terms€and€conditions€herein€set€forth.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú23Ú
   
 Ú.Ô3
   
 Ôà0     àThis€agreement€may€not€be€amended€and€none€of€the€rights€conferred€hereby€or€any€of€theÐ   	 R$     Ðundertakings€stipulated€in€favour€of€the€parties€hereto€or€in€favour€of€the€holders€ofÏSubordinate€Voting€Shares€may€be€waived€without€the€prior€approval€of€the€regulatoryÏauthorities€concerned,€the€Shareholder,€at€least€two„thirds€of€the€votes€cast€by€the€holders€ofÏSubordinate€Voting€Shares€present€or€represented€at€a€meeting€duly€called€to€consider€suchÏamendment€or€waiver€and€at€least€the€simple€majority€of€the€votes€cast€by€the€holders€ofÏSubordinate€Voting€Shares€at€such€same€meeting€excluding,€in€the€last€case,€the€ShareholderÏand€other€members€of€the€Telesystem€Group,€each€of€the€affiliates€thereof€and€any€personÏwho€has€entered€into€an€agreement€in€respect€of€the€sale€of€Multiple€Voting€Shares€on€termsÏwhich€would€constitute€a€sale€for€the€purposes€of€section€1,€unless€otherwise€authorizedÏpursuant€hereto,€prior€to€giving€effect€to€the€amendment€or€waiver.€€The€provisions€of€thisÐ   	 ²-`'*   Ðagreement€shall€come€into€effect€contemporaneously€with€the€issuance€of€SubordinateÏVoting€Shares€to€the€public€pursuant€to€the€final€prospectus€of€the€Corporation€dated€œAprilÏ30,€1997.›Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú24Ú
   
 Ú.Ô3
   
 Ôà0     àAny€notice€or€other€communication€made€pursuant€to€or€in€connection€with€this€agreementÐ   	 
À   Ðshall€be€sufficiently€given€if€it€is€in€writing€and€delivered€or€sent€by€registered€mail,€or€byÏfacsimile€transmission€or€other€form€of€printed€communication€(with€original€copy€to€followÏby€mail),€to:€Ð    (#(#  ÐÌà     àif€to€Telesystem:à0     àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# à1000€de€la€Gauchetiere€WestÐ    Âp	 (#(#  Ðà0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# à25th€œFloorÐ    (#(#  Ð›à0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# àMontreal,€œQuebecÐ    (#(#  Ðà     àà    `	 àà    ¸ àà     àà    h àà    À àà     àH3B›€œ4W5ÌÌà     àà    `	 àà    ¸ àà     àà    h àà    À àà     àòòAttention:€The€PresidentóóÐ   	 r    ÐÌà     àà    `	 àà    ¸ àà     àà    h àà    À àà     àFacsimile:€(514)€397„0089›ÌÌÔ    Ôà     àif€to€the€Corporation:à0     àà0    h(#(# àà    À àà     à1250€Ren„Lvesque€Boulevard€WestÐ    2à h(#h(#  Ðà0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# àSuite€1100Ð    (#(#  Ðà0     àà0    `	(#(# àà0    ¸`	(#`	(# àà0    ¸(#¸(# àà0    h(#(# àà0    Àh(#h(# àà0    À(#À(# àMontreal,€œQuebecÐ    (#(#  Ðà     àà    `	 àà    ¸ àà     àà    h àà    À àà     àH4B›€4W8Ìà     àœÌñ ëñ›ñëñà     à›à    `	 àà    ¸ àà     àà    h àà    À àà     àòòAttention:€The€PresidentóóÐ   	 â   ÐœÌ›à     àà    `	 àà    ¸ àà     àà    h àà    À àà     àœFacsimile:›€œ(514)›€925„8470ÌÌà     àif€to€the€Trustee:à     àà    h àà0    À àà0    À(#À(# àòòMontreal€Trust€œCompany€of€Canadaóó›Ð    ¢P (#(#  Ðà     àà    `	 àà    ¸ àà     àà    h àà    À àà     àœ1800€McGill€College€AvenueÌà     àà    `	 àà    ¸ àà     àà    h àà    À àà     à7th€Floor›Ìœà     àà    `	 àà    ¸ àà     àà    h àà    À àà     àMontreal,€QuebecÌà     àà    `	 àà    ¸ àà     àà    h àà    À àà     àH3A€3K9Ì›Ìà     àà    `	 àà    ¸ àà     àà    h àà    À àà     àòòAttention:€œMr.€Guy€LððEspranceóóÐ   	 B%ð!   Ð›Ìà     àà    `	 àà    ¸ àà     àà    h àà    À àà     àœFacsimile:›€œ(514)€982„7677›ÌÌà0     àor€to€such€other€address€as€the€party€to€whom€such€notice€or€communication€is€to€be€given€Ïhas€last€designated€to€the€party€giving€the€same€in€the€manner€set€forth€in€this€section€24.€ÏAny€such€notice€or€communication€shall€be€deemed€to€have€been€given€and€received€on€theÏday€it€is€so€delivered€or€sent.Ð    (#(#  Ðâ
    
 âÐ   	 Â,p&)   ÐÔ2  ÿÿ                 ÔÚ    Ú25Ú
   
 Ú.Ô3
   
 Ôà0     àTelesystem€agrees€that€it€shall€ensure€compliance€of€any€obligation€of€the€Telesystem€GroupÐ   	 R      Ðâ
    
 âhereunder.Ð    (#(#  ÐÌÔ2  ÿÿ                 ÔÚ    Ú26Ú
   
 Ú.Ô3
   
 Ôà0     àThis€agreement€shall€be€governed€by€and€construed€in€accordance€with€the€laws€of€theÐ   	 "	Ð   Ðprovince€of€Quebec.€€The€terms€œð ðassociateðð›€and€œð ðaffiliateðð›€used€herein€shall€have€theÏmeanings€ascribed€thereto€pursuant€to€the€provisions€of€the€òòSecurities€Actóó€(Quebec).€€WhenÐ   	 °   Ðreference€is€made€herein€to€the€provisions€of€applicable€securities€legislation,€such€referenceÏis€to€the€provisions€of€the€applicable€securities€legislation€and€stock„exchange€rules€in€effectÏat€the€relevant€time.€€The€term€œð ðtake„over›€œbidðð›€used€herein€also€includes€any€exchange€bidÏor€issuer€œbid.›Ð    (#(#  ÐÑ     d ÑÌÔ2  ÿÿ                 ÔÚ    Ú27Ú
   
 Ú.Ô3
   
 Ôà0     àThis€agreement€shall€enure€to€the€benefit€of€the€parties€hereto,€as€well€as€to€any€transfereeÐ   	 ¢P
   Ðof€Multiple€Voting€Shares€or€securities€convertible€into€Multiple€Voting€Shares€as€providedÏherein€and€their€respective€heirs,€legal€representatives,€successors€and€assigns,€as€applicable,Ïand€shall€be€binding€on€each€and€every€one€thereof.Ð    (#(#  ÐÔ    œÿþ¬b ÔÌÌœÐ	    ÞŒ     Ð›à     àIN€WITNESS€WHEREOF,€the€parties€hereto€have€executed€this€agreement€in€counterpartsÏas€of€the€date€first€written€hereinabove.ÌñìññíññðñœÖ €       ÿÿ Ö›ñðññ ðñÖ €       ÿÿ Öñðññíññ íñÖ €       ÿÿ Öñíññìññ ìñÖ €       ÿÿ ÖñìñÌÌÒ(        €X  €      °(#°(#( ÒÓ*   ° , X ° ž `	˜X°   œX* ÓòòTELESYSTEM€INTERNATIONALÐ   	 
À   ÐWIRELESS€INC.óóÐ   	 °   ÐÌÌPer:à    ž àœòòñññ(Signed)€Bruno€Ducharmeñññ›à€    ÀÀ@ À àóóˆÐ   	 Ò€   Ðà    ž àÌÌand€Per:à    ž àœòòñòñ(Signed)€Yves€Maroisñòñ›à€    ÀÀ@ À àóóˆÐ   	 ¢P
   Ðà    ž àÌÐ   	 ‚0   ÐòòTELESYSTEM€LTD.Ð   	 
À   ÐÌÌÌóóPer:à0     à€œòòñóñ(Signed)€Charles€Siroisñóñ›à0    Ð (#(# àà€    (#(#y (#Ð (#Ð (# àˆÐ   	 Ò€   Ðóóà0     àÐ    (#(#  ÐÌPer:à0     àœòòñôñ(Signed)€Jean„Marc€Fortierñôñ›à€    (#(#y (#(#(# àóóˆÐ   	 ¢P
   Ðà0     àòòÐ     ’@ (#(#   ÐMONTREAL€TRUST€œCOMPANYÌOF€CANADAóó›Ð   	 R    ÐÌÌÌPer:à    ž àœòòñ ÷ññöñGñöññ÷ññøñ(ñøññ ùññøñsñøññùññúñSigned)€Guy€LñúññûñððEspranceñûñ›à€    ÀÀ@ À àóóˆÐ   	 À   Ðà    ž àÌÌand€Per:à    ž àœòòñüñ(Signed)€ñüññ ýñ›ñýññýñLouis€Lochheadñýñ›à€    ÀÀ@ À àóóˆÐ   	 â   Ðà    ž àÐ   	 Ò€   ÐœòòTELESYSTEM›€œWIRELESSÐ   	 b   Ðñ ëñ›ñëñINVESTMENTS€N.V.óó›Ð   	 R    ÐœÌ›ÌÌPer:à     àœòòñõñ(Signed)€Jean„Marc€Fortierñõñ›à€    (#(#y (# àœóóñ ïñÐ   	 À#   Ð›ñïññìññ îññíñÖ €       ÿÿ Öñíññîññ íñÖ €       ÿÿ Öñíññìññ ìñÖ €       ÿÿ Öñìññ ïñ›à     àñïññ îñœñîñ›