0000945234-06-000435 Sample Contracts

INTERNATIONAL ABSORBENTS INC. and PACIFIC CORPORATE TRUST COMPANY as Rights Agent SHAREHOLDER RIGHTS PLAN AGREEMENT May 1, 2006
Shareholder Rights Plan Agreement • May 12th, 2006 • International Absorbents Inc • Converted paper & paperboard prods (no contaners/boxes) • British Columbia

THIS AGREEMENT dated May 1, 2006 between International Absorbents Inc. (the “Corporation”), a corporation incorporated under the laws of British Columbia, and Pacific Corporate Trust Company, a trust company incorporated under the laws of British Columbia, as Rights Agent (the “Rights Agent”, which term shall include any successor Rights Agent hereunder).

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