ROYALTY AGREEMENT Between Computershare Trust Company of Canada As Trustee of the PARAMOUNT ENERGY TRUST and Paramount Energy Operating Corp. As Trustee of the PARAMOUNT OPERATING TRUST Effective as of July 1, 2002Royalty Agreement • August 16th, 2002 • Paramount Energy Trust • Alberta
PARAMOUNT RESOURCES LTD. (Vendor) - and - PARAMOUNT ENERGY OPERATING CORP., as trustee of PARAMOUNT OPERATING TRUST (Purchaser) INITIAL ASSETS PURCHASE AGREEMENTInitial Assets Purchase Agreement • August 16th, 2002 • Paramount Energy Trust
PARAMOUNT RESOURCES LTD. (Vendor) - and - PARAMOUNT ENERGY OPERATING CORP., as trustee of PARAMOUNT OPERATING TRUST (Purchaser) TAKE-UP AGREEMENTTake-Up Agreement • August 16th, 2002 • Paramount Energy Trust
PARAMOUNT RESOURCES LTD., a body corporate registered to carry on business in the Province of Alberta and having an office in the City of Calgary, in the Province of Alberta (hereinafter called the “Vendor”)
Interest Bearing Demand Promissory Note dated as of • , 2002 Issued by Computershare Trust Company of Canada, as Trustee of Paramount Energy Trust, in favour of Paramount Resources Ltd. in the Principal Amount of Thirty Million Dollars ($30,000,000)Promissory Note • August 16th, 2002 • Paramount Energy Trust • Alberta
Re: Funding Agreement dated as of • , 2002 among Paramount Resources Ltd., Paramount Energy Operating Corp., as trustee for and on behalf of Paramount Operating Trust, and Computershare Trust Company of Canada, as trustee for and on behalf of Paramount Energy Trust (by its agent Paramount Energy Operating Corp.)
ADMINISTRATIVE SERVICES AGREEMENTAdministrative Services Agreement • August 16th, 2002 • Paramount Energy Trust • Alberta
PARAMOUNT ENERGY OPERATING CORP., a corporation incorporated under the laws of the Province of Alberta (hereinafter called “TrusteeCo”), as trustee of Paramount Operating Trust, a commercial trust created pursuant to a trust indenture governed by the laws of Alberta (hereinafter called “POT”)
Computershare Trust Company of Canada Indemnity AgreementIndemnity Agreement • August 16th, 2002 • Paramount Energy Trust • Alberta
In consideration of the mutual covenants herein contained and the sum of One Dollar ($1.00) now paid by each of the parties hereto to the others (the receipt and sufficiency of which is hereby acknowledged) the parties hereto hereby agree as follows:
Interest Bearing Demand Promissory Note dated as of • , 2002 Issued by Paramount Energy Operating Corp., as Trustee of Paramount Operating Trust, in favour of Paramount Resources Ltd. in the Principal Amount of Sixteen Million Eight Hundred...Promissory Note • August 16th, 2002 • Paramount Energy Trust • Alberta
Re: Funding Agreement dated as of • , 2002 among Paramount Resources Ltd., Paramount Energy Operating Corp., as trustee for and on behalf of Paramount Operating Trust, and Computershare Trust Company of Canada, as trustee for and on behalf of Paramount Energy Trust (by its agent Paramount Energy Operating Corp.)
PARAMOUNT ENERGY TRUST INDEMNITY AGREEMENTIndemnity Agreement • August 16th, 2002 • Paramount Energy Trust • Alberta
AND WHEREAS the Trustee is trustee of PET under the trust indenture dated June 28, 2002 (the “Original Indenture”) between BMO Nesbitt Burns Inc., as Settlor, the Trustee, as trustee of PET, and the Corporation, as trustee of Paramount Operating Trust (“POT”), as restated and amended by the First Amended and Restated Trust Indenture made effective as of August 1, 2002 (the “Restated Indenture”), between BMO Nesbitt Burns Inc., the Trustee, as trustee of PET, and the Corporation (as the First Amended and Restated Trust Indenture may be further amended, restated or replaced from time to time, the “Indenture”);
INDEMNITY AGREEMENTIndemnification & Liability • August 16th, 2002 • Paramount Energy Trust • Alberta
PARAMOUNT ENERGY OPERATING CORP., a body corporate, incorporated under the laws of Alberta, having an office in the City of Calgary, in the Province of Alberta (the “Corporation”)
PARAMOUNT OPERATING TRUST INDEMNITY AGREEMENTIndemnity Agreement • August 16th, 2002 • Paramount Energy Trust • Alberta
PARAMOUNT ENERGY OPERATING CORP. (the “Corporation”), as trustee of PARAMOUNT OPERATING TRUST, a trust formed under the laws of Alberta (“POT”)
FUNDING AGREEMENT This Funding Agreement made as of [Closing Date], 2002.Funding Agreement • August 16th, 2002 • Paramount Energy Trust • Alberta
WHEREAS, pursuant to that certain purchase and sale agreement made effective as of July 1, 2002 (the “Sale Agreement”), POT issued in favour of PRL a demand promissory note dated as of July 1, 2002 in the principal amount of Eighty-One Million Dollars ($81,000,000) (the “Initial POT Note”), a copy of which is attached as Schedule “A” hereto;
