Section 87

At any time prior to the time of expiry of an agreement under section 86 (“a voting trust agreement”) as originally fixed or as last extended as provided in this section, one or more of the beneficiaries of the trust may, by written agreement (an “extension agreement”)

and with the written consent of the voting trustee, extend the duration of the voting trust agreement for an additional period not exceeding ten years from the date on which it would otherwise expire.

Prior to the time of expiry of a voting trust agreement, whether as originally fixed or as last extended, as the case may be, the voting trustee shall file at the registered office of the IBC a copy of the extension agreement and of his written consent thereto; and thereupon the duration of the voting trust agreement shall be extended for the period fixed in the extension agreement; but no extension agreement shall affect the rights or obligations of persons who are not party thereto.

Mutual voting agreement.