-7- Z-, STIKEMAN, ELLIOTT -7- MONTRM fN-x*L6-L0f-j( BARRISTERS & SOLICITORS -... long surfs 3900 -------- iLl Skin 19014 376 PARK AVENUE 116% DORCHESTER NUVO. WEST SUrrE 1400. COMME FICE COUNT WE ST. P.O. BOX 36 NEW VORK. NEW vom 10"2 MONTM&AA.CANAOA 1428 M TOPONTO.CANAOA M5L 189 T:UIP"ON1 MD 271"6065 TILEP"ON9 (5110 307'3000 T LAX moo-lama TELEX 05@247219 TELEP14ONS (414) 989-6600 TELECOPIEF1 k4151 862-SSIG RAPIPAX f41151 947-0856 LONOGN OTTAL" 47-67 GAIISMAM STREIT SLWt* 526. 90 SPARKS STREET CABLE ADDRESS 'STIKETOR' TELEX 06-22536 LONDON C2V 72H OrrAWA,CANAOA KIP 684 TILIP14ONS 01-0041-0813 TELIPHONE 4131 234-065 TELEX SM93912 TILEX 053-3946 HONG KONG SUM 1802. CHINA BUILDING 29 OUERNS ROAD CENTRAL "ONG KOUG TILIP"O"I 6-196531 (416)869-5626 TELEX 01502 October 26, 1984 (VIA COURIER) Pascal J. Ricketts, Esq., Legal Director, BAT Industries, plc Windsor House, 50 Victoria Street, LONDON, England. Dear Mr. Ricketts: Re: Imasco Limited We are pleased to enclose one copy of the most recent draft of the Private Placement Agreement for your review. The Agreement has been blacklined to reflect changes made in the most recent draft. Please do not hesitate to contact me or Brian Rose should you have any questions or concerns. Yours very truly, STIKEMAN, ELLIOTT 96hA 119. JMS/slm John M. Stransman encl. c.c. Roger Ackman, Esq., Imasco Limited. Purdy Crawford, Esq., Q.C. Messrs. Osler, Hoskin & Harcourt. PQ W. Brian Rose, Esq., C) Messrs. Stikeman, Elliott, New York Citv. N. Steinberf, EsR Messrs. Ogi vy, e-Aault. BAT Industries document for Province of British Columbia 12 April 1999