<PAGE>
Ontario Corporation Number 1.
NUMERO DE LA SOCIETE EN ONTARIO
DRAFT
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ARTICLES OF AMALGAMATION
STATUTS DE FUSION
Form 4
Business
Corporations 1. The name of the amalgamated DENOMINATION SOCIALE DE LA
Act corporation is: SOCIETE ISSUE DE LA FUSION:
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FORMULE C H A N G E P O I N T C O R P O R A T I O N
NUMERO 4
LOI SUR LES
SOCIETES PAR
ACTIONS
2. The address of the registered ADRESSE DU SIEGE SOCIAL:
office is:
1595 SIXTEENTH AVENUE, SUITE 702
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(Street & Number or R.R. Number & if Multi-Office Building give
Room No.)
(RUE ET NUMERO, OU NUMERO DE LA R.R. ET , S'IL S'AGIT D'UN
EDIFICE A BUREAUX, NUMERO DU BUREAU)
RICHMOND HILL, ONTARIO L 4 B 3 N 9
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(Name of Municipality or Post Office) (Postal Code/
(NOM DE LA MUNICIPALITE OU DU BUREAU DE POSTE) CODE POSTAL)
3. Number (or minimum and maximum NOMBRE (OU NOMBRES MINIMAL ET
number) of directors is: MAXIMAL) D'ADMINISTRATEURS:
A MINIMUM OF THREE (3) AND A MAXIMUM OF TWELVE (12).
4. The directors(s) is/are: ADMINISTRATEUR(S):
<TABLE>
<CAPTION>
Resident
First name, initials and surname Address for service, giving Street & No. or R.R. No., Canadian
PRENOM, INITIALES ET NOM DE FAMILLE Municipality and Postal Code State
DOMICILE ELU, Y COMPRIS LA RUE ET LE NUMERO OU LE NUMERO Yes or No
DE LA R.R., LE NOM DE LA MUNICIPALITE ET LE CODE POSTAL RESIDENT
CANADIEN
OUI/NON
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<S> <C> <C>
GERALD WILLIAM SMITH 1169 SECRETARIATE ROAD YES
NEWMARKET, ONTARIO L3X 1B5
IAN GIFFEN 5 ORCHARD STREET YES
MARKHAM, ONTARIO L3P 2S9
DAVID C. WETMORE 530 WALKER ROAD NO
GREAT FALLS, VIRGINIA, USA 22066
BOB SYWOLSKI 100 ANCHOR DRIVE, #376 NO
KEY LARGO, FLORIDA, USA 33037
BERNARD GOLDSMITH 16 AVENUE OF TWO RIVERS NO
SOUTH RUMSON, NEW JERSEY, USA 07760
</TABLE>
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<PAGE>
1A.
4. continued
<TABLE>
<CAPTION>
Resident
First name, initials and surname Address for service, giving Street & No. or R.R. No., Canadian
PRENOM, INITIALES ET NOM DE FAMILLE Municipality and Postal Code State
DOMICILE ELU, Y COMPRIS LA RUE ET LE NUMERO OU LE NUMERO Yes or No
DE LA R.R., LE NOM DE LA MUNICIPALITE ET LE CODE POSTAL RESIDENT
CANADIEN
OUI/NON
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
A. DAVID FERGUSON 231 GRENVIEW BOULEVARD SOUTH YES
ETOBICOKE, ONTARIO M8Y 3V2
HOWARD GWIN 101 BABYPOINT ROAD YES
TORONTO, ONTARIO M6S 2G3
</TABLE>
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<PAGE>
2.
5. A) The amalgamation agreement has A) LES ACTIONNAIRES DE CHAQUE SOCIETE
been duly adopted by the share- QUI FUSIONNE ONT DUMENT ADOPTE LA
holders of each of the CONVENTION DE FUSION CONFORMEMENT AU
amalgamating corporations as PARAGRAPHE 176 (4) DE LA LOI SUR LES
required by subsection 176 (4) SOCIETES PAR ACTIONS A LA DATE
of the Business Corporations Act MENTIONNEE CI-DESSOUS.
on the date set out below.
---
X
---
ARROW UP
-----------------
Check COCHER
A or B A OU B
-----------------
ARROW DOWN
---
---
B) The amalgamation has been B) LES ADMINISTRATEURS DE CHAQUE
approved by the directors of SOCIETE QUI FUSIONNE ONT APPROUVE LA
each amalgamating corporation FUSION PAR VOIE DE RESOLUTION
by a resolution as required by CONFORMEMENT A L'ARTICLE 177 DE LA
section 177 of the Business LOI SUR LES SOCIETES PAR ACTIONS A
Corporations Act on the date set A LA DATE MENTIONNEE CI-DESSOUS. LES
out below. STATUS DE FUSION REPRENNENT
The articles of amalgamation in ESSENTIELLEMENT LES DISPOSITIONS DES
substance contain the provisions STATUTS CONSTITUTIFS DE
of the articles of incorporation
of
N/A
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and are more particularly set out ET SONT ENONCES TEXTUELLEMENT AUX
in these articles. PRESENTS STATUTS.
<TABLE>
<CAPTION>
Names of amalgamating corporations Ontario Corporation Date of Adoption/
Number Approval
DENOMINATION SOCIALE DES SOCIETES NUMERO DE LA SOCIETE DATE D'ADOPTION OU
QUI FUSIONNENT EN ONTARIO D'APPROBATION
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<S> <C> <C>
1359288 ONTARIO LIMITED 1359288
1359290 ONTARIO LIMITED 1359290
1359292 ONTARIO LIMITED 1359292
1359293 ONTARIO LIMITED 1359293
1403721 ONTARIO LIMITED 1403721
1403627 ONTARIO LIMITED 1403627
1403626 ONTARIO LIMITED 1403626
XDL CHANGEPOINT HOLDINGS INC. 1338725
CHANGEPOINT CORPORATION 1367761
</TABLE>
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<PAGE>
3.
6. Restrictions, if any, on business LIMITES, S'IL A LIEU, IMPOSEES AUX
the corporation may carry on or ACTIVITES COMMERCIALES OU AUX POUVOIRS
on powers the corporation may DE LA SOCIETE.
exercise.
THERE ARE NO SUCH RESTRICTIONS ON THE BUSINESS THE CORPORATION MAY CARRY
ON OR ON THE POWERS THE CORPORATION MAY EXERCISE.
7. The classes and any maximum number CATEGORIES ET NOMBRE MAXIMAL, S'IL Y A
of shares that the corporation is LIEU, D'ACTIONS QUE LA SOCIETE EST
authorized to issue: AUTORISEE A EMETTRE:
THE CORPORATION IS AUTHORIZED TO ISSUE:
(A) AN UNLIMITED NUMBER OF SHARES OF ONE CLASS DESIGNATED AS BLANK
CHEQUE PREFERENCE SHARES ISSUABLE IN ONE OR MORE SERIES; AND
(B) AN UNLIMITED NUMBER OF SHARES OF ONE CLASS DESIGNATED AS COMMON
SHARES.
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<PAGE>
4.
8. Rights, privileges, restrictions DROITS, PRIVILEGES, RESTRICTIONS ET
and conditions (if any) attaching CONDITIONS, S'IL Y A LIEU, RATTACHES A
to each class of shares and CHAQUE CATEGORIE D'ACTIONS ET POUVOIRS
directors authority with respect DES ADMINISTRATEURS RELATIFS A CHAQUE
to any class of shares which may CATEGORIE D'ACTIONS QUI PEUT ETRE EMISE
be issued in series: EN SERIE:
BLANK CHEQUE PREFERENCE SHARES
PREFERENCE SHARES ISSUABLE IN SERIES
1. ONE OR MORE SERIES
THE PREFERENCE SHARES MAY AT ANY TIME AND FROM TIME TO TIME BE ISSUED IN
ONE OR MORE SERIES.
2. TERMS OF EACH SERIES
SUBJECT TO THE ACT, THE DIRECTORS MAY FIX, BEFORE THE ISSUE THEREOF, THE
NUMBER OF PREFERENCE SHARES OF EACH SERIES, THE DESIGNATION, RIGHTS,
PRIVILEGES, RESTRICTIONS AND CONDITIONS ATTACHING TO THE PREFERENCE
SHARES OF EACH SERIES, INCLUDING, WITHOUT LIMITATION, ANY VOTING RIGHTS,
ANY RIGHT TO RECEIVE DIVIDENDS (WHICH MAY BE CUMULATIVE OR
NON-CUMULATIVE AND VARIABLE OR FIXED) OR THE MEANS OF DETERMINING SUCH
DIVIDENDS, THE DATES OF PAYMENT THEREOF, ANY TERMS AND CONDITIONS OF
REDEMPTION OR PURCHASE, ANY CONVERSION RIGHTS, AND ANY RIGHTS ON THE
LIQUIDATION, DISSOLUTION OR WINDING-UP OF THE CORPORATION, ANY SINKING
FUND OR OTHER PROVISIONS, THE WHOLE TO BE SUBJECT TO THE ISSUE OF A
CERTIFICATE OF AMENDMENT SETTING FORTH THE DESIGNATION, RIGHTS,
PRIVILEGES, RESTRICTIONS AND CONDITIONS ATTACHING TO THE PREFERENCE
SHARES OF THE SERIES.
3. RANKING OF PREFERENCE SHARES
THE PREFERENCE SHARES OF EACH SERIES SHALL, WITH RESPECT TO THE PAYMENT
OF DIVIDENDS AND THE DISTRIBUTION OF ASSETS IN THE EVENT OF THE
LIQUIDATION, DISSOLUTION OR WINDING-UP OF THE CORPORATION, WHETHER
VOLUNTARY OR INVOLUNTARY, RANK ON A PARITY WITH THE PREFERENCE SHARES OF
EVERY OTHER SERIES AND BE ENTITLED TO PREFERENCE OVER THE COMMON SHARES.
IF ANY AMOUNT OF CUMULATIVE DIVIDENDS (WHETHER OR NOT DECLARED) OR
DECLARED NON-CUMULATIVE DIVIDENDS OR ANY AMOUNT PAYABLE ON ANY SUCH
DISTRIBUTION OF ASETS CONSTITUTING A RETURN OF CAPITAL IN RESPECT OF THE
PREFERENCE SHARES OF ANY SERIES IS NOT PAID IN FULL, THE PREFERENCE
SHARES OF SUCH SERIES SHALL PARTICIPATE RATABLY WITH THE PREFERENCE
SHARES OF EVERY OTHER SERIES IN RESPECT OF ALL SUCH DIVIDENDS AND
AMOUNTS.
COMMON SHARES
1. DIVIDENDS
IF IN ANY FISCAL YEAR AFTER PROVIDING FOR THE FULL DIVIDEND ON THE BLANK
CHEQUE PREFERENCE SHARES AND ANY OTHER CLASS OF SHARES RANKING ABOVE THE
COMMON SHARES, THERE SHALL REMAIN ANY MONEYS OF THE CORPORATION PROPERLY
APPLICABLE TO THE PAYMENT OF DIVIDENDS, SUCH MONEYS MAY, IN THE
DISCRETION OF THE DIRECTORS BE APPLIED TO DIVIDENDS ON THE COMMON SHARES
AS AND WHEN DECLARED BY THE DIRECTORS.
2. LIQUIDATION, DISSOLUTION & WINDING-UP
IN THE EVENT OF THE LIQUIDATION, DISSOLUTION OR WINDING-UP OF THE
CORPORATION, WHETHER VOLUNTARY OR INVOLUNTARY, THE HOLDERS OF THE COMMON
SHARES SHALL BE ENTITLED TO RECEIVE, AFTER PAYMENT TO THE HOLDERS OF THE
BLANK CHEQUE PREFERENCE SHARES AND ANY OTHER CLASS
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<PAGE>
8. continued
OF SHARES RANKING ABOVE THE COMMON SHARES, THE REMAINING PROPERTY OF THE
CORPORATION.
3. VOTING RIGHTS
THE HOLDERS OF THE COMMON SHARES SHALL BE ENTITLED TO RECEIVE NOTICE OF
AND TO ATTEND AND VOTE AT ALL MEETINGS OF THE SHAREHOLDERS OF THE
CORPORATION (EXCEPT WHERE THE HOLDERS OF ANOTHER CLASS OF SHARES ARE
ENTITLED TO VOTE SEPARATELY AS A CLASS AS PROVIDED IN THE BUSINESS
CORPORATIONS ACT OR THESE ARTICLES) AND EACH COMMON SHARE SHALL CONFER
THE RIGHT TO 1 VOTE IN PERSON OR BY PROXY AT ALL MEETINGS OF
SHAREHOLDERS OF THE CORPORATION.
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<PAGE>
9. The issue, transfer or ownership L'EMISSION, LE TRANSFER OU LA
of shares is not restricted and PROPRIETE D'ACTIONS N'EST PAS
the restrictions (if any) are as RESTREINT. LES RESTRICTIONS, S'IL
follows: Y A LIEU, SONT LES SUIVANTES:
10. Other provisions, (if any): AUTRES DISPOSITIONS, S'IL Y A LIEU:
11. The statements required by LES DECLARATIONS EXIGEES AUX TERMES
subsection 178(2) of the DU PARAGRAPHE 178(2) DE LA LOI SUR
Business Corporations Act are LES SOCIETES PAR ACTIONS CONSTITUENT
attached as Schedule "A". L'ANNEXE "A"
12. A copy of the amalgamation UNE COPIE DE LA CONVENTION DE FUSION
agreement or directors OU LES RESOLUTIONS DES
resolutions (as the case may be) ADMINISTRATEURS (SELON LE CAS)
is/are attached as Schedule "B". CONSTITUE(NT) L'ANNEXE "B".
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<PAGE>
6.
These articles are signed in LES PRESENTS STATUTS SONT SIGNES EN
duplicate. DOUBLE EXEMPLAIRE.
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Names of the amalgamating corporations DENOMINATION SOCIALE DES SOCIETES QUI
and signatures and descriptions of FUSIONNENT, SIGNATURE ET FONCTION DE
office of their proper officers. LEUR DIRIGEANTS REGULIEREMENT
DESIGNES.
1359288 ONTARIO LIMITED
Per:
-------------------------------------
PAUL LUPINACCI (SECRETARY)
1359290 ONTARIO LIMITED
Per:
-------------------------------------
GERALD WILLIAM SMITH (SECRETARY)
1359292 ONTARIO LIMITED
Per:
-------------------------------------
PAUL EDWARDS (SECRETARY)
1359293 ONTARIO LIMITED
Per:
-------------------------------------
RANDALL NELSON REMME (SECRETARY)
1403721 ONTARIO LIMITED
Per:
-------------------------------------
RICK MOREAU (SECRETARY)
1403627 ONTARIO LIMITED
Per:
-------------------------------------
CHRIS RUSCH (SECRETARY)
1403626 ONTARIO LIMITED
Per:
-------------------------------------
CHUCK TATHAM (SECRETARY)
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<PAGE>
6A.
Names of the amalgamating corporations DENOMINATION SOCIALE DES SOCIETES QUI
and signatures and descriptions of FUSIONNENT, SIGNATURE ET FONCTION DE
office of their proper officers. LEUR DIRIGEANTS REGULIEREMENT
DESIGNES.
XDL CHANGEPOINT HOLDINGS INC.
Per:
-------------------------------------
DAVID LATNER
CHANGEPOINT CORPORATION
Per:
-------------------------------------
JOHN ANHANG (SECRETARY)
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<PAGE>
SCHEDULE "A-1"
The undersigned, Paul Lupinacci, being the Secretary of
1359288 Ontario Limited hereby state that:
1. There are reasonable grounds for believing that:
(a) each of 1359288 Ontario Limited, 1359290 Ontario Limited, 1359292
Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint
Holdings Inc. and Changepoint Corporation is and Changepoint
Corporation, the corporation continuing from the amalgamation of
1359288 Ontario Limited, 1359290 Ontario Limited, 1359292 Ontario
Limited, 1359293 Ontario Limited, 1403721 Ontario Limited, 1403627
Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings Inc.
and Changepoint Corporation (the "Amalgamated Corporation") will be
able to pay its liabilities as they become due;
(b) the realizable value of the Amalgamated Corporation's assets
will not be less than the aggregate of its liabilities and stated
capital of all classes;
(c) no creditor will be prejudiced by the amalgamation; and
2. No creditor has notified 1359288 Ontario Limited, 1359290 Ontario
Limited, 1359292 Ontario Limited, 1359293 Ontario Limited, 1403721
Ontario Limited, 1403627 Ontario Limited, 1403626 Ontario Limited, XDL
Changepoint Holdings Inc. and Changepoint Corporation that such
creditor objects to the amalgamation.
DATED THIS DAY OF MAY, 2000.
___________________________
Paul Lupinacci
<PAGE>
SCHEDULE "A-2"
The undersigned, Paul Edwards, being the Secretary of 1359292
Ontario Limited hereby state that:
1. There are reasonable grounds for believing that:
(a) each of 1359288 Ontario Limited, 1359290 Ontario Limited, 1359292
Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint
Holdings Inc. and Changepoint Corporation is and Changepoint
Corporation, the corporation continuing from the amalgamation of
1359288 Ontario Limited, 1359290 Ontario Limited, 1359292 Ontario
Limited, 1359293 Ontario Limited, 1403721 Ontario Limited, 1403627
Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings Inc.
and Changepoint Corporation (the "Amalgamated Corporation") will be
able to pay its liabilities as they become due;
(b) the realizable value of the Amalgamated Corporation's assets
will not be less than the aggregate of its liabilities and stated
capital of all classes;
(c) no creditor will be prejudiced by the amalgamation; and
2. No creditor has notified 1359288 Ontario Limited, 1359290 Ontario
Limited, 1359292 Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario
Limited, 1403627 Ontario Limited, 1403626 Ontario Limited, XDL
Changepoint Holdings Inc, and Changepoint Corporation that such creditor
objects to the amalgamation.
DATED THIS DAY OF MAY, 2000.
__________________________________
Paul Edwards
<PAGE>
SCHEDULE "A-3"
The undersigned, Gerald William Smith, being the Secretary of
1359290 Ontario Limited hereby state that:
1. There are reasonable grounds for believing that:
(a) each of 1359288 Ontario Limited, 1359290 Ontario Limited, 1359292
Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint
Holdings Inc. and Changepoint Corporation is and Changepoint
Corporation, the corporation continuing from the amalgamation of
1359288 Ontario Limited, 1359290 Ontario Limited, 1359292 Ontario
Limited, 1359293 Ontario Limited, 1403721 Ontario Limited, 1403627
Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings Inc.
and Changepoint Corporation (the "Amalgamated Corporation") will be
able to pay its liabilities as they become due;
(b) the realizable value of the Amalgamated Corporation's assets
will not be less than the aggregate of its liabilities and stated
capital of all classes;
(c) no creditor will be prejudiced by the amalgamation; and
2. No creditor has notified 1359288 Ontario Limited, 1359290 Ontario Limited,
1359292 Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings
Inc. and Changepoint Corporation that such creditor objects to the
amalgamation.
DATED THIS DAY OF MAY, 2000.
__________________________________
Gerald William Smith
<PAGE>
SCHEDULE "A-4"
The undersigned, Randall Nelson Remme, being the Secretary of
1359293 Ontario Limited hereby state that:
7. There are reasonable grounds for believing that:
(a) each of 1359288 Ontario Limited, 1359290 Ontario Limited, 1359292
Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint
Holdings Inc. and Changepoint Corporation is and Changepoint
Corporation, the corporation continuing from the amalgamation of
1359288 Ontario Limited, 1359290 Ontario Limited, 1359292 Ontario
Limited, 1359293 Ontario Limited, 1403721 Ontario Limited, 1403627
Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings Inc.
and Changepoint Corporation (the "Amalgamated Corporation") will be
able to pay its liabilities as they become due;
(b) the realizable value of the Amalgamated Corporation's assets
will not be less than the aggregate of its liabilities and stated
capital of all classes;
(c) no creditor will be prejudiced by the amalgamation; and
2. No creditor has notified 1359288 Ontario Limited, 1359290 Ontario
Limited, 1359292 Ontario Limited, 1359293 Ontario Limited, 1403721
Ontario Limited, 1403627 Ontario Limited, 1403626 Ontario Limited, XDL
Changepoint Holdings Inc. and Changepoint Corporation that such
creditor objects to the amalgamation.
DATED THIS DAY OF MAY, 2000.
____________________________________
Randall Nelson Remme
<PAGE>
SCHEDULE "A-5"
The undersigned, Rick Moreau, being the Secretary of 1403721
Ontario Limited hereby state that:
1. There are reasonable grounds for believing that:
(a) each of 1359288 Ontario Limited, 1359290 Ontario Limited, 1359292
Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint
Holdings Inc. and Changepoint Corporation is and Changepoint
Corporation, the corporation continuing from the amalgamation of
1359288 Ontario Limited, 1359290 Ontario Limited, 1359292 Ontario
Limited, 1359293 Ontario Limited, 1403721 Ontario Limited, 1403627
Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings Inc.
and Changepoint Corporation (the "Amalgamated Corporation") will be
able to pay its liabilities as they become due;
(b) the realizable value of the Amalgamated Corporation's assets
will not be less than the aggregate of its liabilities and stated
capital of all classes;
(c) no creditor will be prejudiced by the amalgamation; and
2. No creditor has notified 1359288 Ontario Limited, 1359290 Ontario Limited,
1359292 Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings
Inc. and Changepoint Corporation that such creditor objects to the
amalgamation.
DATED THIS DAY OF MAY, 2000.
_____________________________
Rick Moreau
<PAGE>
SCHEDULE "A-6"
The undersigned, Chris Rusch, being the Secretary of 1403627
Ontario Limited hereby state that:
1. There are reasonable grounds for believing that:
(a) each of 1359288 Ontario Limited, 1359290 Ontario Limited, 1359292
Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint
Holdings Inc. and Changepoint Corporation is and Changepoint
Corporation, the corporation continuing from the amalgamation of
1359288 Ontario Limited, 1359290 Ontario Limited, 1359292 Ontario
Limited, 1359293 Ontario Limited, 1403721 Ontario Limited, 1403627
Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings Inc.
and Changepoint Corporation (the "Amalgamated Corporation") will be
able to pay its liabilities as they become due;
(b) the realizable value of the Amalgamated Corporation's assets
will not be less than the aggregate of its liabilities and stated
capital of all classes;
(c) no creditor will be prejudiced by the amalgamation; and
2. No creditor has notified 1359288 Ontario Limited, 1359290 Ontario Limited,
1359292 Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings
Inc. and Changepoint Corporation that such creditor objects to the
amalgamation.
DATED THIS DAY OF MAY, 2000.
__________________________________
Chris Rusch
<PAGE>
SCHEDULE "A-7"
The undersigned, Chuck Tatham, being the Secretary of 1403626
Ontario Limited hereby state that:
1. There are reasonable grounds for believing that:
(a) each of 1359288 Ontario Limited, 1359290 Ontario Limited, 1359292
Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint
Holdings Inc. and Changepoint Corporation is and Changepoint
Corporation, the corporation continuing from the amalgamation of
1359288 Ontario Limited, 1359290 Ontario Limited, 1359292 Ontario
Limited, 1359293 Ontario Limited, 1403721 Ontario Limited, 1403627
Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings Inc.
and Changepoint Corporation (the "Amalgamated Corporation") will be
able to pay its liabilities as they become due;
(b) the realizable value of the Amalgamated Corporation's assets
will not be less than the aggregate of its liabilities and stated
capital of all classes;
(c) no creditor will be prejudiced by the amalgamation; and
2. No creditor has notified 1359288 Ontario Limited, 1359290 Ontario Limited,
1359292 Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings
Inc. and Changepoint Corporation that such creditor objects to the
amalgamation.
DATED THIS DAY OF MAY, 2000.
______________________________________
Chuck Tatham
<PAGE>
SCHEDULE "A-8"
The undersigned, John Anhang, being the Secretary of
Changepoint Corporation hereby state that:
1. There are reasonable grounds for believing that:
(a) each of 1359288 Ontario Limited, 1359290 Ontario Limited, 1359292
Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint
Holdings Inc. and Changepoint Corporation is and Changepoint
Corporation, the corporation continuing from the amalgamation of
1359288 Ontario Limited, 1359290 Ontario Limited, 1359292 Ontario
Limited, 1359293 Ontario Limited, 1403721 Ontario Limited, 1403627
Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings Inc.
and Changepoint Corporation (the "Amalgamated Corporation") will be
able to pay its liabilities as they become due;
(b) the realizable value of the Amalgamated Corporation's assets
will not be less than the aggregate of its liabilities and stated
capital of all classes;
(c) no creditor will be prejudiced by the amalgamation; and
2. No creditor has notified 1359288 Ontario Limited, 1359290 Ontario Limited,
1359292 Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings
Inc. and Changepoint Corporation that such creditor objects to the
amalgamation.
DATED this day of May, 2000.
______________________________
John Anhang
<PAGE>
SCHEDULE "A-9"
The undersigned, David Latner, being the of XDL Changepoint
Holdings Inc. hereby state that:
1. There are reasonable grounds for believing that:
(a) each of 1359288 Ontario Limited, 1359290 Ontario Limited, 1359292
Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint
Holdings Inc. and Changepoint Corporation is and Changepoint
Corporation, the corporation continuing from the amalgamation of
1359288 Ontario Limited, 1359290 Ontario Limited, 1359292 Ontario
Limited, 1359293 Ontario Limited, 1403721 Ontario Limited, 1403627
Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings Inc.
and Changepoint Corporation (the "Amalgamated Corporation") will be
able to pay its liabilities as they become due;
(b) the realizable value of the Amalgamated Corporation's assets
will not be less than the aggregate of its liabilities and stated
capital of all classes;
(c) no creditor will be prejudiced by the amalgamation; and
2. No creditor has notified 1359288 Ontario Limited, 1359290 Ontario Limited,
1359292 Ontario Limited, 1359293 Ontario Limited, 1403721 Ontario Limited,
1403627 Ontario Limited, 1403626 Ontario Limited, XDL Changepoint Holdings
Inc. and Changepoint Corporation that such creditor objects to the
amalgamation.
DATED this day of May, 2000.
__________________________________
David Latner
<PAGE>
