The Washington Exchange Trust Agreement, also known as the Washington Exchange Trust Agreement between Baleen Technologies, Inc., Baleen Callao Corp., Baleen Canada Corp., Exchangeable Shares Holders, and Montreal Trust Co., is a legally binding document that outlines the terms and conditions of a trust established for the exchangeable shares of the mentioned companies. This agreement serves as a framework for the exchange process, ensuring the rights and obligations of all parties involved are protected. Under this agreement, Baleen Technologies Inc., Baleen Callao Corp., and Baleen Canada Corp. act as issuers of exchangeable shares, while Montreal Trust Co. acts as the trustee. The exchangeable shares holders are the individuals or entities that hold these shares. The agreement defines the specific details of the exchange process, including the conversion ratio, which determines the number of exchangeable shares that can be exchanged for a certain amount of shares in the underlying company. It also outlines the terms for the payment of dividends, voting rights, and any restrictions or limitations on the exchange of shares. Different types of Washington Exchange Trust Agreements may exist between the mentioned parties, depending on the specific circumstances or requirements of each agreement. These variations could include different conversion ratios, dividend rates, or other terms tailored to the unique needs of each agreement. In summary, the Washington Exchange Trust Agreement is a comprehensive agreement that governs the exchangeable shares between Baleen Technologies, Inc., Baleen Callao Corp., Baleen Canada Corp., Exchangeable Shares Holders, and Montreal Trust Co. It provides a legal framework for the exchange process and ensures the rights and obligations of all parties involved are clearly defined and protected.