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EXHIBIT 8
SCHEDULE B
POOLING AGREEMENT
THIS AGREEMENT is dated for reference the 11th day of December, 1998.
BETWEEN:
THE SHAREHOLDERS OF WELCOMETO SEARCH
ENGINE, INC. LISTED ON SCHEDULE A TO THIS AGREEMENT
(collectively referred to as the "Shareholders" and individually
as "Shareholder")
OF THE FIRST PART
AND:
RUSSELL& DUMOULIN, Barristers & Solicitors of 2100 - 0000
Xxxx Xxxxxxx Xxxxxx, Xxxxxxxxx, X.X., X0X 0X0
(hereinafter called the "Trustee")
OF THE SECOND PART
WHEREAS pursuant to a Share Exchange Agreement dated December 11, 1998
(the "Share Exchange Agreement") between the Shareholders and WelcomeTo Search
Engine, Inc. (the "Company") the Shareholders have acquired from the Company
the number of shares set opposite the Shareholder's name in Schedule A to this
Agreement (the "Shares");
AND WHEREAS pursuant to the Share Exchange Agreement the Shareholders
have agreed to place the Shares in Pool upon and subject to the terms and
conditions contained in this Agreement.
NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the
premises and in consideration of the sum of Ten Dollars ($10.00) now paid by
the parties hereto, each to the other, (the receipt whereof is hereby
acknowledged) and in further consideration of the mutual covenants and
conditions hereinafter contained, the parties hereto agree as follows:
1. PLACEMENT OF SHARES IN POOL
The Shareholders hereby severally agree each with the other and with the
Trustee, that they will respectively deliver or cause to be delivered to the
Trustee on or before the date of this Agreement certificates for their Shares
in the Company as set out in the said Schedule "A" to be held by the Trustee on
the terms contained herein, or, in the event that share certificates for the
Shares are not available as of the date of this Agreement, the Shareholders
agree that the Company will instruct the Company's transfer agent to deliver
share certificates for the Shares directly to the Trustee as soon as they are
available.
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2. RELEASE OF SHARES FROM POOL
The Shares shall be released and returned to the Shareholders, subject to the
terms of this Agreement, one year from the completion of the share exchange
detailed in the Share Exchange Agreement. The Trustee may deliver the share
certificates for the Shares so released directly to the Company, in trust, for
delivery by the Company to the Shareholders.
3. ALTERATIONS OF CAPITAL
The parties hereto agree that the provisions of this agreement relating to the
Shares shall apply mutatis mutandis to any shares or securities into which the
Shares may be converted, changed, reclassified, redivided, redesignated,
subdivided or consolidated and to any shares or securities of the Company or of
any successor or continuing company or corporation of the Company that may be
received by the registered holder of the Shares on a reorganization,
amalgamation, consolidation or merger, statutory or otherwise, including the
release calculation which will be adjusted so that the proportion of the Shares
available for release is unaffected by the alteration of the capital of the
Company.
4. TRANSFER OF SHARES WITHIN POOL
No transfer of Shares by any Shareholder shall be effective and no application
shall be made to the Company to register any such transfer until the proposed
transferee enters into an agreement with the other parties hereto to the same
effect as this Agreement. The Trustee shall not effect a transfer of the Shares
within pool unless the Trustee has received a copy of an Acknowledgement in the
form attached hereto as Schedule B executed by the person to whom the Shares
are to be transferred. Notwithstanding the execution of an Acknowledgement by
such a person, the transferor shall not be released from its obligations under
this Agreement unless it has transferred all of its Shares.
5. DIVIDENDS, DISTRIBUTIONS AND VOTING OF SHARES
The Shareholders will be entitled to receive all dividend payments and
distributions of capital, if any, from the Shares while the Shares are subject
to this Agreement, and may exercise all voting rights attached to the Shares.
6. AMENDMENT OF AGREEMENT
Schedule A to this Agreement shall be amended upon a transfer of Shares
pursuant to section 4, and the Trustee shall note the amendment on the Schedule
A in its possession.
7. SCOPE OF TRUSTEE'S DUTIES AND INDEMNIFICATION OF TRUSTEE
In exercising its duties and obligations as set forth in this Agreement, the
Trustee will act in good faith and with impartiality towards each of the
Company and the Shareholders.
The Trustee will have no duties or obligations in respect of the Shares other
than those specifically set forth herein. The Trustee will not be bound in any
way by any other contract or agreement between the parties hereto (except to
the extent that the Trustee will consider the terms of the
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Share Exchange Agreement) whether or not the Trustee has knowledge thereof or
of its terms and conditions and the Trustee's only duty, liability and
responsibility shall be to hold and deal with the Shares in accordance with
this Agreement. The Trustee will be entitled, unless it has knowledge to the
contrary, to assume that any notice and evidence received pursuant to these
instructions from either the Company or the Shareholders has been duly executed
by the party by whom it purports to have been signed and the Trustee will not
be obligated to enquire into the sufficiency or authority of any signatures
appearing on such notice or evidence. In the event that the Trustee is given
written notice of any disagreement between the Company and the Shareholders
resulting in adverse claims or demands being made in connection with the Shares
or a disagreement as to the Shares to be released by the Trustee, the Trustee
will not release the Shares until:
(a) the rights of all parties shall have been fully and finally
adjudicated by a court of competent jurisdiction; or
(b) the Company and the Shareholders give the Trustee written
notice as to their agreement as to the release of the Shares.
In the event that the Trustee is given notice of any disagreement between the
Company and the Shareholders resulting in adverse claims or demand being made
in connection with the Shares or a disagreement as to the Shares to be released
by the Trustee, the Trustee may, at its discretion, interpleas the Shares by
delivering the Shares to a court of competent jurisdiction.
The Company will pay the Trustee on the basis of the Trustee's hourly rates for
legal services, plus taxes and disbursements, for the performance of the
Trustee's duties pursuant to this Agreement.
The Company and the Shareholders, jointly and severally, release, indemnify and
save harmless the Trustee from all costs, charges, claims, demands, damages,
losses and expenses resulting from the Trustee's compliance in good faith with
this agreement.
8. TRUSTEE NOT OBLIGED TO DEFEND ACTIONS
It is further agreed by and between the parties hereto, and without restricting
the foregoing indemnity, that in case proceedings should hereafter be taken in
any Court respecting the Shares hereby pooled, the Trustee shall not be obliged
to defend any such action or submit its rights to the Court until it shall have
been indemnified by other good and sufficient security in addition to the
indemnity hereinbefore given against costs of such proceedings.
9. RESIGNATION OF TRUSTEE
(a) If the Trustee wishes to resign as Trustee in respect of the
Shares, the Trustee shall give notice to the Shareholders;
(b) If the Shareholders wish the Trustee to resign as Trustee in
respect of the Shares, the Shareholders shall give notice to
the Trustee;
(c) A notice referred to in subsection (a) or (b) hereof shall be
in writing and delivered
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to the Shareholders or the Trustee at their respective
addresses set out on the first page or Schedule A of this
agreement, and the notice shall be deemed to have been
received on the date of delivery. The Shareholders or the
Trustee may change their address for notice by giving notice
to the other party in accordance with this agreement;
(d) The resignation of the Trustee shall be effective and the
Trustee shall cease to be bound by this agreement on the date
that is 30 days after the date of receipt of the notice
referred to in subsection (a) or (b) hereof or on such other
date as the Trustee and the Shareholders may agree upon.
10. FURTHER ASSURANCES
The parties hereto shall execute and deliver any further documents and perform
any acts necessary to carry out the intent of this agreement.
11. TIME
Time is of the essence of this agreement.
12. GOVERNING LAWS
This agreement shall be construed in accordance with and bound by the laws of
British Columbia and the laws of Canada applicable in British Columbia.
13. ENUREMENT
This Agreement shall enure to the benefit of and be binding upon the parties
hereto and each of their heirs, executors, administrators, successors and
permitted assigns.
14. EXECUTION IN COUNTERPART AND BY FACSIMILE
This Agreement may be executed in several parts in the same form, and by
facsimile, and such part as so executed shall together constitute one original
agreement, and such parts, if more than one, shall be read together and
construed as if all the signing parties hereto had executed one copy of this
Agreement.
IN WITNESS WHEREOF the parties hereto have executed these presents as
and from the day and year first above written.
XXXXXXX & XXXXXXXX
Per:
----------------------------------
Authorized Signatory
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SCHEDULE A
TO A POOLING AGREEMENT DATED THE 11TH DAY OF DECEMBER, 1998
Shareholder's Name No. of Shares Signature
------------------ ------------- ---------
Xxxx Xxxxxxx 1,130,000 -----------------------
00-000 Xxxx 00xx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxx Bordeville 80,000 -----------------------
0000 Xxxxxxx Xxxx
Xxxxxxxxxx XX X0X 0X0
Xxxxxx Xxxxxxxx 40,000 -----------------------
000 Xxxxxx Xxxx
Xxxxxxxx XX X0X 0X0
Xxxxxxx Xxxxxxxxxx 21,054 -----------------------
00-00 000xx Xxxxxx, Xxx. 0X
Xxxxxxxx XX 00000-0000
Xxxxx Xxxxxxxxx 10,000 -----------------------
0000 Xxxxxx Xxxxxx, #000
Xxxxxxxxx XX X0X 0X0
Xxxxx & Xxxxx Xxxxx 60,000 -----------------------
X.X. Xxx 000
Xxxxxx XX XXX 0X0
Xxxx Xxxxxxx 25,000 -----------------------
0000 Xxxxxx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxxxx Xxxxxxxx 128,000 -----------------------
X.X. Xxx 00
Xxxxxxxx XX X0X 0X0
Xxxxxxx & Xxx Xxxxx 40,000 -----------------------
#000 Xxxxxxx Xxxx
Xxxxxxxx XX X0X 0X0
Xxx Xxxxxxx 10,00 -----------------------
#0000-000 Xxxxxx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxx Xxxxxxx 280,000 -----------------------
0000 Xxxx 0xx Xxxxxx
Xxxxxxxxx XX X0X 0X0
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Shareholder's Name No. of Shares Signature
------------------ ------------- ---------
Xxxxxx Xxxxxxx 20,000 -------------------------
0000 Xxxxxxx Xxxxxx
Xxxxxxxx XX X0X 0X0
Xxxxx Xxxxxxx 40,000 -------------------------
0000 Xxxxxxx Xxx
Xxxxxxxx XX X0X 0X0
Xxxxx Xxxxxxxx 100,000 -------------------------
000 Xxxxxxxxxx Xxx
Xxxxxxxx XX X0X 0X0
Zhenzhong Dai 10,000 -------------------------
0000 Xxxxx Xxxxx
Xxxx Xxxxxxxxx XX X0X 0X0
Xxxxx Xxxxxx 20,000 -------------------------
Apt. #25
0000 Xxxxxxxxx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxxxx XxxXxxxxxxx 40,000 -------------------------
Xxx 000, XX0
Xxx. Xxxx XX X0X 0X0
Xxxxxx Xxxxxx 80,000 -------------------------
0000 Xxxxxxxxx Xxxxx
Xxxxx XX X0X 0X0
Xxxxx Xxxxxxxx 40,000 -------------------------
S.37 X.0 XX#0
Xxxxxxxx Xxxxx XX X0X 0X0
Xxxxxxx Xxxxx 67,000 -------------------------
0-0000 Xxxx 0xx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxx Xxxxx 13,334 -------------------------
000 Xxxxxxxxxx Xxxxx XX
Xxxxxxx XX X0X 0X0
Xxxxx Xxxxxxx 40,000 -------------------------
00 Xxxxx Xxxxxx
Xxxxxxxx XX X0X 0X0
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Shareholder's Name No. of Shares Signature
------------------ ------------- ---------
Xxxxx Xxxxxxxx 1,130,000 -------------------------
0000 Xxxxxxxxx Xxxx
Xxxxx Xxxxxxxxx XX X0X 0X0
Xxxxx Xxxxxxxx 40,000 -------------------------
00 Xxxxxxx Xxxxxx
Xxxxxxxx XX X0X 0X0
Xxxxxxxx Xxx 25,000 -------------------------
000 Xxxxx Xxxxxxx Xxxxx
Xxxx Xxxxxxxxx XX X0X 0X0
Xxxx Xxxxxxx 5,000 -------------------------
0000 Xxxxxxxxxx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxxx Xxxxxx 1,207,667 -------------------------
0000 Xxxx Xxxx
Xxxxxxxxxx XX X0X 0X0
Xxxxxxxxx Xxxxxx Foundation 40,000 -------------------------
0000 Xxxx Xxxx
Xxxxxxxxxx XX X0X 0X0
Xxxxx Xxxxxx 40,000 -------------------------
0000 Xxxx Xxxx
Xxxxxxxxxx XX X0X 0X0
F.O.C.U.S. Inc. 50,417 -------------------------
0000 Xxxxxx Xxxx Xxxxx
Xxxxx Xxx, XX 00000
Xxxxx Xxxxxx 56,000 -------------------------
0000 Xxxxxxxxx Xxxxxxxx
Xxxxx Xxxxxxxxx XX X0X 0X0
Xxxxxxxx Xxxxxxxx 40,000 -------------------------
000 Xxxx 00xx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxx Guttormasson 40,000 -------------------------
Xxxxx 0
000 Xxxx Xxxxxx Xxxxx
Xxxxxxxx XX X0X 0X0
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Shareholder's Name No. of Shares Signature
------------------ ------------- ---------
Xxxx Xxxxxxxxxxx 250,000 -----------------------
0000 Xxxxxxx Xxxxxx, Xxx. 000
Xxxxxxxxx XX X0X 0X0
Saline Guttormsson 40,000 -----------------------
000 Xxxxxxx Xxxxxx
Xxxxxxxx XX X0X 0X0
Xxxxx Xxxx 730,000 -----------------------
X0-000 Xxxx Xxxxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxx Xxxxxx 5,000 -----------------------
0000 Xxxxxx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxxxx and Xxxxx Xxxxxx 40,000 -----------------------
0000 Xxxxxx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxxx Xxxxxx 5,000 -----------------------
#000-0000 Xxxxxxxxxxx Xxx
Xxxxxxxxx XX X0X 0X0
Xxxx Xxxxxxx 40,000 -----------------------
0000 Xxxxxxxxx Xxx
Xxxxxxxx XX X0X 0X0
Xxxx Xxxxxxx 40,000 -----------------------
Xxx 000
Xxxxx Xxxx XX X0X 0X0
Xxxxxx Xxxxxx 40,000 -----------------------
0000 000X Xxxxxx
Xxxxxx XX X0X 0X0
Xxxx Xxxxxxxxx 15,248 -----------------------
Xxxx 000
0000 Xxxxxx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxx Xxxxxxxx 72,900 -----------------------
0000 0/0 Xxxxx Xxxxxxx Xxxx
Xxx Xxxxxxx XX 00000
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Shareholder's Name No. of Shares Signature
------------------ ------------- ---------
Lauren Investments Ltd. 50,000 ------------------------
Xxxxx 000
0000 Xxxxxxxxxxxxx Xxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxxxx Xxxxxxxxxx 200,000 ------------------------
00-0000 Xxxxxxxx Xxxx
Xxxxxxxx XX X0X 0X0
M & M Film Stunts Ltd. 40,000 ------------------------
0000 Xxxxxx Xxxxxx
Xxxx Xxxxxxxxx XX X0X 0X0
Xxxxx Xxxxxxxx 52,380 ------------------------
000 Xxx Xxxx
Xxxx XX 00000
Xxxxxxxx Xxxxxxxx 40,000 ------------------------
000 Xxxxxx Xxxx X X-0000
Xxxxxxx XX 00000-0000
Xxxx Xxxxx 40,000 ------------------------
0000 Xxxxxxxxx Xxxxx
Xxxxxxx XX X0X 0X0
N&R Xxxxxxx Farms Ltd. 40,000 ------------------------
X.X. Xxx 000
XXx. Xxxx Xx Xxx XX
X0X 0X0
Xxxx Xxxxxxx 20,000 ------------------------
000 Xxxxx Xxxx
Xxxxxxxx XX X0X 0X0
Xxxxxx Peak 40,000 ------------------------
00000 Xxxxxxx Xxxxx
Xxxxx XX 00000
Xxxxx Xxxxx Xxxxxxxx 80,000 ------------------------
0000 Xxxxxxxxx Xxxxx
Xxxxx Xxxxxxxxx XX X0X 0X0
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Shareholder's Name No. of Shares Signature
------------------ ------------- ---------
Penstar Management 50,000 -------------------------
Incorporated
Attention: Xxx Xxxx
0000 Xxxxxxxxx Xxxxx
Xxxxx Xxxxxxxxx XX X0X 0X0
Xxxxxx Xxxxxxxx 40,000 -------------------------
X.X. Xxx 0000
Xxxxxxxx XX X0X 0X0
Xxxx Xxxxx 10,000 -------------------------
#00-000 Xxxxxxx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxx Xxx 24,000 -------------------------
0000 Xxxxxxx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxx Xxxxxx 90,000 -------------------------
0000 Xxxxx Xxxxxxx Xxx
Xxxxx Xxxxx Xxxxxxx XX 5507
Spartan Capital Inc. 100,000 -------------------------
(Attention: Xxxxx Xxxxx)
0 Xxxxxx Xxxxxx
Xxxxxx Xxxx, Xxxxxx
Xxxxxxx Xxxxx 10,000 -------------------------
Xxx 00 Xxxxxxxx-Xxxxx Xxxx
Xxxxx Xxxxx XX X0X 0X0
Xxxxx Xxxxxx 11,000 -------------------------
0000 Xxxxxxx Xxxx
Xxxxx XX X0X 0X0
Xxxxx Xxxxxxx 115,000 -------------------------
0000 Xxxxxxxxx Xxxxxxx
Xxxxx Xxxxxxxxx XX X0X 0X0
T-Bone Productions Inc. 20,000 -------------------------
000-0000 Xxxx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxxxx Xxxxxxxx 40,000 -------------------------
0 Xxxxxxxxx Xxx
Xxxxxxxx XX X0X 0X0
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Shareholder's Name No. of Shares Signature
------------------ ------------- ---------
Xxxxxx & Margared Trayturik 40,000 -------------------------
000 Xxxxxx Xxxx
Xxxxxxxx XX X0X 0X0
Xxxxx Ukranic 40,000 -------------------------
#0-0000 Xxxx 00xx Xxxxxx
Xxxxxxxxx XX X0X 0X0
Xxxx Xx 11,000 -------------------------
0000 Xxxxxxxxx Xxxxxx
Xxxxxxx XX X0X 0X0
Xx Xxxx 10,000 -------------------------
0000-000X Xxxxxx
Xxxxxx XX X0X 0X0
Zequn (Trevor) Zhuang 120,000 -------------------------
#0-0000 Xxxxxxx Xxxxxx
Xxxxxxx XX X0X 0X0
