0001144204-11-017147 Sample Contracts

PUT OPTION AGREEMENT
Put Option Agreement • March 25th, 2011 • Counsel Corp • Telephone communications (no radiotelephone) • New York

This PUT OPTION AGREEMENT (this “Agreement”) is entered into as of the 15th day of March, 2011 by and between Counsel Corporation, an Ontario corporation (“Corporation”), and Werklund Capital Corporation, a Nova Scotia corporation (the “Optionee”).

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