re: Lavelle, Freidman, Smith, Benvidi22
c) Patrick Lavelle, former Chairman and interim President and CEO:
During 2002, the Company paid to Mr. Lavelle consulting fees of $262,000 and directors fees
of $179,400.
In addition, Mr. Lavelle, along with former Directors The Right Hon. John Turner, Edward
Neufeld and The Hon. William D. Rogers, may make claims on a trust as outlined in Note
5.
(d) Previous senior officers,
On March 13, 2002, the previous Board of Directors, over the objections of Mr. Dolgonos,
placed $2,066,370 in escrow to fund potential severance payments to three senior officers of
the Company that would become effective if they tendered their resignations following a
change in ownership or control of the Company. On March 18, 2002, the Company's
shareholders elected a new Board of Directors at the Company's Annual General Meeting.
The three senior officers resigned immediately after the Annual General Meeting, and received
the following amounts:
Jeffery Friedman $ 947,324
Mohammed Benvidi 941,842
Cameron Smith 177,204
$ 2,066,370
In addition, these former senior officers may also make claims on a trust as outlined in Note
5.