SSA COUPON MAURICE LIMITED SIMPSON Office at Eaton's Centre C/O 4920-800 W Pender 1230B-4700 Kingsway St Vanouver BC Burnaby BC V5H 4M1 V6C 3V6 WILLIAM MURRAY DANA SHAW C/O Metro Twon Law Office at 5260-6th Avenue Eaton's Centre, 1230B-4700 Delta BC Kingsway, Burnaby BC V4M 1L5 V5H 4M1 August 28, 1999 Forest Glade International Inc. #370-444 Victoria Street Prince George, BC V2L 2J7 Dear Sirs: Re: Forest Glade International Inc. ("Forest Glade") and SSA Coupon Limited ("SSA") The purpose of this letter is to confirm the agreement between the shareholders of SSA (the 'SSA Shareholders') and Forest Glade pursuant to which the SSA Shareholders have agreed to exchange 100% of their shares in SSA for 19 million shares of Forest Glade which will be subject to Rule 144 (the "Share Exchange"). The parties agree to act reasonably and execute a formal share exchange with respect to the transaction, which will incorporate the terms herein and contain the usual warranties, representations and general terms which are usual in transactions of this nature. Yours truly, SSA COUPON LIMITED AGREED TO AND ACKNOWLEDGED FOREST GLADE INTERNATIONAL INC. Per: Per: /s/ William Murray /s/ Wayne Loftus ------------------ ---------------- Authorized Signatory Authorized Signatory /s/ Maurice Simpson ------------------- /s/ William Murray -------------------- /s/ Dana Shaw --------------