PARTIES

This Unanimous Shareholders Agreement (“Agreement”) is made among all current and future registered and beneficial shareholders (collectively, the “Shareholders”) of G&P Tong Gem Holdings Ltd. (the “Corporation”), including:

• Tong (2026) Family Trust, as holder of 100 percent of the voting shares of the Corporation, acting through its Trustees.

Any person who becomes a shareholder of the Corporation shall, as a condition of becoming a shareholder, execute and be bound by this Agreement.

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RECITALS

A. The Corporation is incorporated pursuant to the laws of the Province of Alberta.

B. The Shareholders wish to regulate the management of the business and affairs of the Corporation and to restrict, in whole or in part, the powers of the directors in accordance with the Alberta Business Corporations Act (the “ABCA”).

C. This Agreement is intended to constitute a unanimous shareholders agreement within the meaning of the ABCA.

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DEFINITIONS

“ABCA” means the Alberta Business Corporations Act.

“Board” means the board of directors of the Corporation.

“Capital Beneficiary” means any individual entitled to receive shares or distributions from the Corporation directly or indirectly.

“Directors” means the individuals appointed to the Board from time to time. As of the effective date, the Directors are Tim Tong, Calvin Tong, Peter Tong, and Grace Tong.

“Formula Value” means the value of the Corporation or its Shares determined using the agreed valuation formula adopted by the Shareholders from time to time, supplemented by independent appraisal where required to confirm fair market value.

“Major Decisions” include, without limitation:

1. Acquisition or disposition of any material asset or investment;

2. Incurrence, refinancing, or restructuring of indebtedness above thresholds established by the Shareholders from time to time;

3. Issuance, redemption, or modification of share capital;

4. Entry into new lines of business or material change in strategy;

5. Approval of mergers, reorganizations, or fundamental transactions;

6. Any action designated as material by unanimous written agreement of the Shareholders.

“Permitted Transferee” means a person or entity approved in accordance with this Agreement.

“Shares” means any shares of any class of the Corporation, including common voting shares and preferred non voting shares.

“Trustees” means the trustees of the Tong (2026) Family Trust acting in their capacity as legal holders of the voting shares of the Corporation.

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1. STATUS AS UNANIMOUS SHAREHOLDERS AGREEMENT

1.1 Restriction of Directors

To the extent provided herein, the powers of the Directors to manage or supervise the management of the business and affairs of the Corporation are restricted, and such powers are vested in the Shareholders.

1.2 Liability

To the extent powers are restricted under this Agreement, the Shareholders assume the rights, powers, duties, and liabilities of directors under the ABCA.

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2. GOVERNANCE

2.1 Role of Directors

Subject to this Agreement, the Directors shall oversee the operations of the Corporation in accordance with its bylaws.

2.2 Board Composition

The initial Directors shall be Tim Tong, Calvin Tong, Peter Tong, and Grace Tong. Appointment or removal of Directors requires unanimous approval of the voting Shareholders unless otherwise agreed in writing.

2.3 Meetings and Approvals

Decisions requiring approval under this Agreement may be made by written resolution signed by all required parties.

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3. MAJOR DECISIONS

3.1 True Unanimity Required

All Major Decisions require true unanimous approval of all Shareholders. Where voting shares are held by a trust, such approval must be exercised unanimously by the Trustees acting on behalf of the voting Shareholder.

3.2 Financial Thresholds

The Shareholders may establish written financial thresholds from time to time to clarify what constitutes a Major Decision.

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4. SHARE TRANSFER RESTRICTIONS

4.1 General Restriction

No Shareholder may sell, transfer, assign, pledge, or otherwise dispose of any Shares except in accordance with this Agreement.

4.2 Right of First Refusal

Before transferring Shares to any third party, the transferring Shareholder must first offer such Shares to the Corporation and then to the remaining Shareholders on identical terms.

4.3 Permitted Transfers

Transfers to approved family trusts or entities controlled by existing Shareholders may be permitted subject to written approval.

4.4 Residency Restriction

Any Capital Beneficiary who becomes a resident of a country other than Canada shall not be entitled to receive future shares in the Corporation unless otherwise approved unanimously by the Shareholders.

4.5 Residency Eligibility of Capital Beneficiaries

(a) Canadian Residency Requirement

Unless otherwise unanimously approved by the Shareholders, any Capital Beneficiary who is to receive, directly or indirectly, Shares, equity interests, or economic participation in the Corporation must be a resident of Canada for purposes of the Income Tax Act (Canada) at the time of such issuance, transfer, or distribution.

(b) Condition Precedent

Canadian residency shall be a condition precedent to any issuance or transfer of Shares or any entitlement to participate in capital distributions unless expressly waived by unanimous written approval of the Shareholders.

(c) Ongoing Compliance

If a Capital Beneficiary ceases to be resident in Canada, the Shareholders may determine, acting unanimously:

· that no further Shares or capital interests may be issued to such person;

· that existing interests may be frozen, converted, redeemed, or otherwise reorganized; and

· any other measures reasonably required to preserve the Canadian tax residency, compliance status, or long term governance objectives of the Corporation or related trusts.

(d) Governance and Tax Intent

This provision is intended to preserve Canadian tax efficiency, simplify regulatory compliance, and maintain alignment with the long term family governance structure. This section shall be interpreted broadly to achieve those purposes.

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5. PRE OR POST NUPTIAL AGREEMENTS

5.1 Spousal Agreement Requirement

 

(a) Condition Precedent

As a condition precedent to receiving, directly or indirectly, any Shares, equity interests, or capital participation in the Corporation, each Capital Beneficiary must enter into and maintain a valid pre nuptial, post nuptial, marriage contract, cohabitation agreement, or equivalent spousal agreement (a “Spousal Agreement”) acceptable to the Shareholders acting unanimously.

(b) Purpose and Intent

The purpose of this requirement is to:

· preserve continuity of ownership within the intended family structure;

· protect the Corporation and its assets from unintended division, transfer, or claims arising from marital or relationship breakdown; and

· maintain stability of governance and long term planning objectives.

(c) Timing

Where reasonably possible, such Spousal Agreement shall be executed prior to marriage, cohabitation, or any event that could create potential property or support claims under applicable family law.

(d) Ongoing Compliance

If a Capital Beneficiary fails to maintain a satisfactory Spousal Agreement, the Shareholders may, acting unanimously:

· suspend or restrict future issuances or transfers of Shares;

· delay or restructure distributions; or

· implement such reorganization measures as reasonably necessary to protect the Corporation.

(e) Equivalent Agreements

Where a Capital Beneficiary resides or becomes subject to another jurisdiction, an equivalent agreement satisfying similar protective objectives may be accepted by unanimous approval.

5.2 Spousal Acknowledgment

Any spouse or partner of a Capital Beneficiary may be required, as a condition to issuance or retention of Shares, to execute an acknowledgment confirming awareness of this Agreement and waiving any claim to ownership, voting rights, or control of Shares except as expressly permitted by the Shareholders.

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6. COMPENSATION FOR ACTIVE BENEFICIARIES

6.1 Additional Compensation

Beneficiaries performing additional duties for the Corporation may receive additional compensation as determined by unanimous approval of the Directors.

6.2 Principles

Compensation should reflect services actually performed and be consistent with reasonable commercial practices.

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7. DEATH, DISABILITY, OR EXIT EVENTS

7.1 Continuity Principle

The Shareholders acknowledge that the Corporation is intended to operate as a long term family holding structure. No mandatory buyout rights shall arise solely as a result of death, incapacity, or exit of any individual associated with a Shareholder unless unanimously approved by the Shareholders.

7.2 Transfer Restrictions Continue

Any succession, estate transmission, or change affecting ownership interests must comply with the transfer restrictions and eligibility requirements set out in this Agreement.

7.3 Valuation Reference

Where valuation is required for any purpose under this Agreement, the Formula Value shall apply, supplemented by independent appraisal where necessary.

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8. DEADLOCK RESOLUTION

8.1 Negotiation

In the event of a deadlock on a Major Decision, the Shareholders shall first attempt good faith negotiation.

8.2 Mediation

If unresolved, the matter shall proceed to mediation.

8.3 Arbitration

If mediation fails, binding arbitration in Alberta shall be used to resolve the dispute.

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9. DIVIDENDS AND DISTRIBUTIONS

9.1 Policy

Dividends or distributions may be declared with unanimous approval of the Shareholders, taking into account tax planning, liquidity, and long term strategy.

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10. CAPITAL CONTRIBUTIONS AND FUNDING

10.1 Additional Capital

If additional capital is required, Shareholders shall determine contribution requirements unanimously.

10.2 Failure to Contribute

Consequences for failure to contribute may include dilution or other remedies agreed unanimously.

 

11. CONFIDENTIALITY AND NON COMPETITION

Shareholders shall maintain confidentiality regarding the affairs of the Corporation and shall avoid conflicts of interest unless disclosed and approved unanimously.

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12. TAX AND REORGANIZATION FLEXIBILITY

The Shareholders acknowledge that corporate reorganizations, estate freezes, tax planning strategies, and similar transactions may be implemented with unanimous approval to maintain tax efficiency.

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13. CONTROL PROTECTION AND TRUSTEE AUTHORITY

13.1 Preservation of Trustee Control

The Shareholders acknowledge and agree that voting control of the Corporation is intended to remain with the Trustees acting on behalf of the Tong (2026) Family Trust. No issuance, conversion, reclassification, or restructuring of share capital shall directly or indirectly dilute or transfer voting control without unanimous approval of the Shareholders exercised through the Trustees.

13.2 No Creation of Additional Voting Rights

No additional class of voting shares or securities convertible into voting shares shall be created or issued unless unanimously approved by the Shareholders.

13.3 Future Shareholders Bound

Any person acquiring Shares shall execute a joinder agreement confirming that they are bound by this Agreement prior to the effectiveness of any transfer.

13.4 Restriction on Amendments Affecting Control

Notwithstanding any other provision of this Agreement, no amendment that affects voting control, trustee authority, residency restrictions, prenuptial requirements, or unanimity provisions shall be valid unless approved unanimously by the Trustees acting on behalf of the voting Shareholder.

13.5 Governance Intent

The parties acknowledge that the Corporation is intended as a long term multi generational family holding entity. All provisions of this Agreement shall be interpreted in a manner consistent with preserving continuity, stability of control, and alignment with long term family governance objectives.

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14. TRUST INDENTURE PRIORITY

14.1 Supremacy of Trust Indenture

Notwithstanding any other provision of this Agreement, the terms of the trust indenture governing the Tong (2026) Family Trust shall prevail and have priority over this Agreement in the event of any conflict, inconsistency, or ambiguity. This Agreement shall be interpreted and applied in a manner consistent with the authority, powers, and obligations set out in the applicable trust indenture.

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15. AMENDMENTS

This Agreement may only be amended by written instrument signed by all Shareholders.

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15. GOVERNING LAW

This Agreement shall be governed by the laws of the Province of Alberta and applicable federal laws of Canada.

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SIGNATURES

This Agreement is executed by the undersigned solely in their capacity as authorized Trustees and signatories on behalf of the Tong (2026) Family Trust, being the Shareholder of the Corporation.

各方

本一致股东协议（“本协议”）由G&P Tong Gem Holdings Ltd.（“公司”）所有现有及未来的登记股东和实益股东（统称“股东”）订立，其中包括：

• Tong (2026) Family Trust，作为公司100%表决权股份的持有人，通过其受托人行事。

任何成为公司股东的人士，均须签署并受本协议约束，方可成为股东。

序言

A. 公司根据阿尔伯塔省法律注册成立。

B. 股东希望根据《阿尔伯塔省商业公司法》（“ABCA”）对公司的业务和事务管理进行规范，并全部或部分限制董事的权力。

C. 本协议旨在构成ABCA意义上的一致股东协议。

定义

“ABCA”指《阿尔伯塔省商业公司法》。

“董事会”指本公司的董事会。

“资本受益人”指有权直接或间接从本公司获得股份或分配的任何个人。

“董事”指不时任命的董事会成员。截至生效日，董事为Tim Tong、Calvin Tong、Peter Tong和Grace Tong。

“公式价值”指根据股东不时采用的商定估值公式确定的本公司或其股份的价值，并在必要时辅以独立评估以确认公允市场价值。

“重大决策”包括但不限于：

1. 收购或处置任何重大资产或投资；

2. 超过股东不时设定的阈值的债务的产生、再融资或重组；

3. 发行、赎回或修改股本；

4. 进入新的业务领域或战略发生重大变更；

5. 批准合并、重组或重大交易；

6. 经股东一致书面同意认定为重大事项的任何行动。

“获准受让人”指根据本协议获得批准的个人或实体。

“股份”指公司任何类别的股份，包括普通股和优先股。

“受托人”指唐氏（2026）家族信托的受托人，其作为公司有表决权股份的合法持有人行事。

1. 股东一致同意协议

1.1 董事权限限制

在本协议规定的范围内，董事管理或监督公司业务和事务的权力受到限制，该等权力归股东所有。

1.2 责任

在本协议限制董事权限的范围内，股东承担《澳大利亚商业公司法》（ABCA）规定的董事权利、权力、义务和责任。

2. 公司治理

2.1 董事职责

根据本协议，董事应按照公司章程监督公司的运营。

2.2 董事会组成

初始董事为Tim Tong、Calvin Tong、Peter Tong和Grace Tong。董事的任命或罢免须经全体有投票权的股东一致同意，除非另有书面约定。

2.3 会议及批准

根据本协议需要批准的决议，可通过所有相关方签署的书面决议作出。

3. 重大决议

3.1 全体一致同意的要求

所有重大决议均需全体股东一致同意。如投票权股份由信托持有，则该等批准须由代表该投票权股东的受托人一致行使。

3.2 财务门槛

股东可不时制定书面财务门槛，以明确何为重大决议。

4. 股份转让限制

4.1 一般限制

除本协议另有规定外，任何股东不得出售、转让、让与、质押或以其他方式处置任何股份。

4.2 优先购买权

在将股份转让给任何第三方之前，转让股东必须首先向公司提供该等股份，然后以相同的条款向其余股东提供该等股份。

4.3 允许的转让

向经批准的家族信托或由现有股东控制的实体转让股份，须经书面批准。

4.4 居住地限制

任何资本受益人如成为加拿大以外国家的居民，除非经股东一致批准，否则无权获得公司未来的股份。

4.5 资本受益人的居住地资格

(a) 加拿大居住地要求

除非经股东一致批准，任何直接或间接获得股份、股权或经济利益的资本受益人，均须符合以下条件：

(b) 先决条件

除非经股东一致书面批准明确豁免，否则加拿大居民身份是任何股份发行或转让或参与资本分配的任何权利的先决条件。

(c) 持续合规

如果资本受益人不再是加拿大居民，股东可以一致决定：

· 不得向该人发行任何股份或资本权益；

· 冻结、转换、赎回或以其他方式重组现有权益；以及

· 为维护公司或相关信托的加拿大税务居民身份、合规状态或长期治理目标而合理需要的任何其他措施。

(d) 治理和税务意图

本条款旨在维护加拿大税务效率，简化监管合规，并与长期家族治理结构保持一致。为实现上述目的，本条应作广义解释。

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5. 婚前或婚后协议

5.1 配偶协议要求

(a) 先决条件

作为直接或间接获得公司任何股份、股权或资本参与的先决条件，每位资本受益人必须签订并维持有效的婚前协议、婚后协议、婚姻合同、同居协议或同等效力的配偶协议（“配偶协议”），该协议须经全体股东一致同意。

(b) 目的和意图

此项要求的目的是：

· 维护预期家庭结构内的所有权连续性；

· 保护公司及其资产免受因婚姻或关系破裂而产生的意外分割、转移或索赔；以及

· 维护公司治理的稳定性以及长期规划目标的实现。

(c) 时间安排

如有可能，配偶协议应在结婚、同居或任何可能根据适用家庭法产生潜在财产或赡养费请求的事件发生之前签署。

(d) 持续遵守

如果资本受益人未能维持令人满意的配偶协议，股东可以一致决定：

· 暂停或限制未来发行或转让股份；

· 延迟或调整分配；或

· 实施为保护公司利益而合理必要的重组措施。

(e) 等效协议

如果资本受益人居住地或受其他司法管辖，经股东一致批准，可接受满足类似保护目标的等效协议。

5.2 配偶确认

任何资本受益人的配偶或伴侣，作为发行或保留股份的条件，均可能被要求签署一份确认书，确认其知悉本协议并放弃对股份的所有权、投票权或控制权，除非股东明确允许。

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6. 积极受益人的报酬

6.1 额外报酬

为公司履行额外职责的受益人可获得额外报酬，具体金额由董事会一致批准。

6.2 原则

报酬应反映实际提供的服务，并符合合理的商业惯例。

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7. 死亡、丧失行为能力或退出事件

7.1 持续经营原则

股东确认，公司旨在作为长期家族控股结构运营。除非经股东一致批准，否则任何股东关联人士的死亡、丧失行为能力或退出均不构成强制收购权。

7.2 转让限制继续有效

任何影响所有权权益的继承、遗产转移或变更均须遵守本协议规定的转让限制和资格要求。

7.3 估值参考

本协议项下任何需要估值的事项，均应适用公式估值，必要时辅以独立评估。

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8. 僵局解决

8.1 协商

如就重大决策陷入僵局，股东应首先尝试进行真诚协商。

8.2 调解

如协商不成，则应进行调解。

8.3 仲裁

如调解失败，则应在阿尔伯塔省进行具有约束力的仲裁以解决争议。

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9. 股息和分配

9.1 政策

股息或分配须经股东一致同意方可宣布，并须考虑税务筹划、流动性和长期战略。

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10. 出资和融资

10.1 追加资本

如需追加资本，股东应一致决定出资额。

10.2 未按时出资

未按时出资的后果可能包括股权稀释或其他经股东一致同意的补救措施。

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11. 保密和竞业禁止

股东应就公司事务保密。

11. 保密与竞业禁止

股东应就公司事务保密，并避免利益冲突，除非已披露并经全体股东一致批准。

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12. 税务与重组灵活性

股东确认，为保持税务效率，公司重组、资产冻结、税务筹划策略及类似交易可经全体股东一致批准实施。

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13. 控制权保护与受托人权限

13.1 受托人控制权的保留

股东确认并同意，公司的投票控制权将保留在代表童（2026）家族信托行事的受托人手中。未经全体股东通过受托人一致批准，任何股本的发行、转换、重新分类或重组均不得直接或间接稀释或转移投票控制权。

13.2 不得创设额外投票权

除非经股东一致批准，否则不得创设或发行任何其他类别的投票权股份或可转换为投票权股份的证券。

13.3 未来股东的约束

任何股份取得人均须在任何股份转让生效前签署加入协议，确认其受本协议约束。

13.4 限制影响控制权的修订

尽管本协议另有其他规定，但任何影响投票权控制、受托人权限、居住地限制、婚前协议要求或一致同意条款的修订，除非经代表投票权股东行事的受托人一致批准，否则无效。

13.5 公司治理意图

双方确认，本公司旨在成为一家长期的多代家族控股实体。本协议的所有条款均应以维护公司连续性、控制权稳定性和符合长期家族治理目标的方式进行解释。

14. 信托契约优先权

14.1 信托契约的优先权

尽管本协议另有规定，但如与本协议有任何冲突、不一致或歧义，则以管辖 Tong (2026) 家族信托的信托契约的条款为准。本协议的解释和适用应与适用信托契约中规定的权限、权力和义务相一致。

15. 修订

本协议仅可通过全体股东签署的书面文件进行修订。

15. 适用法律

本协议受加拿大艾伯塔省法律和适用的加拿大联邦法律管辖。

签名

本协议由下列签署人仅以唐氏（2026）家族信托（即本公司股东）授权受托人和签字人的身份签署。

Peter Tong, Trustee (on behalf of Tong (2026) Family Trust)

 

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Grace Tong, Trustee (on behalf of Tong (2026) Family Trust)

 

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Tim Tong, Trustee (on behalf of Tong (2026) Family Trust)

 

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