Vancouver, the COC and the Bid Corp have entered into the Bid City Agreement in respect of the Games and, with the support of the other Parties and Local First Nations, Vancouver is submitting to the IOC a Candidature File for its selection as the host city for the Games;

In accordance with the Olympic Charter, upon selection by the IOC of Vancouver as the host city for the Games in the year 2010, and the entering into of the Host City Contract, the OCOG is required to be organized by Vancouver, together with the COC, which is the National Olympic Committee for Canada under the Olympic Charter and, as such, has the authority to designate Vancouver as the candidate city for Canada;

The COC is recognized by the IOC as the National Olympic Committee in Canada and, as such, it has the responsibility to develop and protect the Olympic movement in Canada which COC does through being a member of the OCOG and through membership on the board of directors, any executive committee and various other committees of the OCOG;

The CPC is recognized by the IPC as the National Paralympic Committee in Canada and, as such, it has the responsibility to develop and protect the Paralympic movement in Canada which CPC does through being a member of the OCOG and through membership on the board of directors, any executive committee and various other committees of the OCOG;

In accordance with the Olympic Charter, after selection by the IOC of Vancouver as the host city for the Games and the entering into the Host City Contract by the COC, Vancouver and the IOC, the COC and Vancouver will incorporate the OCOG;

The OCOG will, in accordance with section 2.4(b) of this Agreement, become a party to this Agreement after it is incorporated and, upon its acceptance of this Agreement, will plan, organize, finance and stage the Games, provide and assist in the preparation of facilities as may be required for the Games, and leave a tangible legacy, including facilities and funding for amateur sport for future generations;

Canada has determined, in accordance with the Hosting Policy, that the hosting of the Games will advance national policy objectives and accrue significant sport, cultural, social and economic benefits and therefore has agreed to provide support for the OCOG;

The Parties believe that hosting the Games in Vancouver and Whistler will strengthen the Olympic and Paralympic movements worldwide;

A successful Games is in the interest of all Canadians and the Parties to this Agreement regard the hosting of the Games in Canada as an event of national significance, therefore the Parties are committed to offering their best efforts toward this end;

The Parties recognize that, should the Games be held in Vancouver and Whistler, they will be a matter of pride to all Canadians and a credit to Canada and abroad, and therefore, represent an opportunity to:

1. strive for excellence in everything they do;
2. be ethical, honest and act with integrity;
3. work cooperatively with Athletes, coaches and the Canadian and international sport systems, obtaining and respecting their input and work to maximize a lasting legacy for amateur sport;
4. honour the unique characteristics, values, goals and principles of the host communities;
5. commit to sustainable economic, social and environmental practices as set out in Vancouver's bid to be awarded the Games;
6. communicate openly with the public, the IOC and the host communities;
7. promote opportunities for participation by persons of diverse ethnic, socio-economic and cultural backgrounds, including persons from Vancouver's inner city;
8. build respectful and mutually beneficial relationships with First Nations, host communities, governments, business and sport;
9. with respect to Olympic activities, strive to present themselves to the public and the Olympic family in both official languages; and
10. ensure that the Games facilities are reasonably accessible to persons with disabilities;

It is expected that permanent, new and renovated Games facilities funded for the construction or renovation under this Agreement will remain after the Games as a physical legacy;

In order to ensure a lasting sport legacy after the Games, the Parties (other than Canada) agree that the Parties (other than Canada) will establish the 2010 Games Operating Trust and facilitate the establishment of the Whistler Legacies Society;

The Parties consider this Agreement to be consistent with their respective responsibilities to the IOC; and

The Parties wish to set forth their respective contributions to the OCOG and the Games, and the conditions governing their contributions and the principles of coordination among themselves.