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<title>CHINA MEDIA GROUP CORPORATION</title>
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<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. 20549<br>
___________________________________</font></p>
</b>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">FORM 8-K</font></p>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">CURRENT REPORT</font></p>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">PURSUANT TO SECTION 13
OR 15(d) of the<br>
SECURITIES EXCHANGE ACT OF 1934<br>
____________________________________</font></p>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">Date of Report (Date of
earliest event reported): October 29, 2013 </font></p>
<u><b>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">CHINA MEDIA GROUP
CORPORATION<br>
</b></u>(Exact Name of Registrant as Specified in Charter)</font></p>
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    face="Times New Roman" size="2">Texas</font></b></u></td>
    <td WIDTH="32%" VALIGN="bottom" HEIGHT="20"><u><b><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">5813</font></b></u></td>
    <td WIDTH="32%" VALIGN="bottom" HEIGHT="20"><u><b><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">75-3016844</font></b></u></td>
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    <td WIDTH="36%" VALIGN="bottom" HEIGHT="20"><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">(State or other jurisdiction</font></td>
    <td WIDTH="32%" VALIGN="bottom" HEIGHT="20"><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">(Commission</font></td>
    <td WIDTH="32%" VALIGN="bottom" HEIGHT="20"><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">(IRS Employer</font></td>
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    <td WIDTH="36%" VALIGN="bottom" HEIGHT="20"><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">of incorporation)</font></td>
    <td WIDTH="32%" VALIGN="bottom" HEIGHT="20"><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">File Number)</font></td>
    <td WIDTH="32%" VALIGN="bottom" HEIGHT="20"><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">Identification No.)</font></td>
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    <td WIDTH="65%" VALIGN="middle" HEIGHT="20"><u><b><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">No. 55 Jalan Snuker 13/28, Tadisma Business Park, Section
    13, 40100 Shah Alam, Selangor, Malaysia</font></b></u></td>
    <td WIDTH="35%" VALIGN="middle" HEIGHT="20"><u><b><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">n/a</font></b></u></td>
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    <td WIDTH="65%" VALIGN="middle" HEIGHT="20"><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">(Address of principal executive offices)</font></td>
    <td WIDTH="35%" VALIGN="middle" HEIGHT="20"><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">(Zip code)</font></td>
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    <td WIDTH="35%" VALIGN="middle" HEIGHT="20"></td>
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    <td WIDTH="65%" VALIGN="middle" HEIGHT="20"><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">Registrant's telephone number, including area code:</font></td>
    <td WIDTH="35%" VALIGN="middle" HEIGHT="20"><b><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">Tel: +60355197079<br>
    Fax: +60355190839</font></b></td>
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    <td VALIGN="top"><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman" size="2">Check
    the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
    filing obligation of the registrant under any of the following provisions:</font></td>
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    <td VALIGN="TOP" HEIGHT="30"><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman"
    size="2"><br>
    [&nbsp;&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)</font></td>
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    <td VALIGN="TOP" HEIGHT="30"><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman"
    size="2"><br>
    [&nbsp;&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)</font></td>
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    <td VALIGN="TOP" HEIGHT="46"><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman"
    size="2"><br>
    [&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act(17CFR240.14d-2(b))</font></td>
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    <td VALIGN="TOP" HEIGHT="46"><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman"
    size="2"><br>
    [&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17CFR240.13e-4(c))</font></td>
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    <td WIDTH="27%" VALIGN="top"><b><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman"
    size="2">Item 1.01</font></b></td>
    <td WIDTH="73%" VALIGN="top"><b><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman"
    size="2">Entry into a Material Definitive Agreement</font></b></td>
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    <td VALIGN="TOP" HEIGHT="325"><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman"
    size="2"><br>
    On October 29, 2013, China Media Group Corporation (&quot;CMG&quot; or the
    &quot;Company&quot;) (&quot;Purchaser&quot;) and Samata Ventures Sdn Bhd and Clixster Sdn.
    Bhd. (jointly referred to as the &quot;Vendors&quot;) entered into a conditional Sale and
    Purchase Agreement (&quot;SP Agreement&quot;) for the Purchaser to acquire 63.2% equity
    interests in Clixster Mobile Sdn Bhd (&quot;Clixster Mobile&quot;) from the Vendors. The
    purchase consideration is the issuance of 10,193,609,664 shares at a price of USD0.01 per
    share in CMG which represents approximately 90% of the enlarged share capital of CMG to
    the Vendors.</font></p>
    <p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman" size="2">This SP Agreement is
    conditional upon the satisfactory due diligence determined at both the Purchaser's and
    Vendor's respective discretion on or before November 30, 2013 (the &quot;Long Stop
    Date&quot;). If either the Purchaser or the Vendor is not satisfied with the due diligence
    on or before the Long Stop Date or any later date as agreed by the parties, then the SP
    Agreement will be cancelled with no effect.</font></p>
    <p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman" size="2">If the SP Agreement is
    successfully closed and CMG issues the above consideration shares to the Vendors, the
    Vendor shall be the new controlling shareholder of the Company, and as such the Company
    shall publish the financial statements of Clixster Mobile and the necessary additional
    filing of information to the public within 4 days of closing the acquisition of Clixster
    Mobile in accordance with the SEC rules and regulations.</font></p>
    <p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman" size="2">Clixster Mobile, a
    company incorporated in Malaysia, is a mobile virtual network operator (&quot;MVNO&quot;)
    and principally engaged in providing cellular and mobile broadband services.</font></p>
    <p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman" size="2">The management believes
    this transaction shall contribute to the growth of the Company and is for the best
    interest of the Company.</font></p>
    <p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman" size="2">The SP Agreement is
    attached hereto in Exhibit 10.1.</font></td>
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    <td WIDTH="27%" VALIGN="TOP" HEIGHT="30"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2"><br>
    Item 9.01</font></b></td>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="30"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2"><br>
    Financial Statements and Exhibits</font></b></td>
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    <td WIDTH="27%" VALIGN="TOP" HEIGHT="34"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2"><br>
    (a)</font></td>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="34"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2"><br>
    The financial statements of Clixster Mobile shall be furnished no later than 4 calendar
    days after the transaction is closed.</font></td>
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    <td WIDTH="27%" VALIGN="TOP" HEIGHT="36"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">(b)</font></td>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="36"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">The financial statements of Clixster Mobile shall be
    furnished no later than 4 calendar days after the transaction is closed.</font></td>
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    <td WIDTH="27%" VALIGN="TOP" HEIGHT="20"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">(c)</font></td>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="20"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">Not applicable.</font></td>
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    <td WIDTH="27%" VALIGN="TOP" HEIGHT="20"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">(d)</font></td>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="20"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">Exhibit No. Description - See table below.</font></td>
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    <td WIDTH="27%" VALIGN="TOP" HEIGHT="3"></td>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="3"></td>
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    <td WIDTH="23%" VALIGN="top" BGCOLOR="#c0c0c0" HEIGHT="20"><b><p ALIGN="LEFT" DIR="LTR"><font
    face="Times New Roman" size="2">Exhibit</font></b></td>
    <td WIDTH="49%" VALIGN="top" BGCOLOR="#c0c0c0" HEIGHT="20"><b><p ALIGN="LEFT" DIR="LTR"><font
    face="Times New Roman" size="2">Description</font></b></td>
    <td WIDTH="28%" VALIGN="top" BGCOLOR="#c0c0c0" HEIGHT="20"><b><p ALIGN="LEFT" DIR="LTR"><font
    face="Times New Roman" size="2">Location</font></b></td>
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    <td WIDTH="23%" VALIGN="top" HEIGHT="20"><p ALIGN="CENTER" DIR="LTR"><font
    face="Times New Roman" size="2">Exhibit 10.1</font></td>
    <td WIDTH="49%" VALIGN="top" HEIGHT="20"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">Sale and Purchase Agreement</font></td>
    <td WIDTH="28%" VALIGN="top" HEIGHT="20"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">Provided herewith</font></td>
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<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2"><b>SIGNATURES</b></font></p>
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    <td VALIGN="TOP" HEIGHT="46"><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman"
    size="2">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
    the Registrant has duly caused this Current Report to be signed on its behalf by the
    undersigned hereunto duly authorized.</font></td>
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    <td WIDTH="35%" VALIGN="TOP" HEIGHT="49"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2"><br>
    <br>
    <br>
    Date: October 29, 2013</font></td>
    <td WIDTH="65%" VALIGN="TOP" HEIGHT="49"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2"><br>
    <br>
    <br>
    CHINA MEDIA GROUP CORPORATION</font></td>
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    <td WIDTH="35%" VALIGN="TOP" HEIGHT="4"></td>
    <td WIDTH="65%" VALIGN="TOP" HEIGHT="4"></td>
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    <td WIDTH="35%" VALIGN="TOP" HEIGHT="4"></td>
    <td WIDTH="65%" VALIGN="TOP" HEIGHT="4"></td>
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    <td WIDTH="35%" VALIGN="TOP" HEIGHT="16"></td>
    <td WIDTH="65%" VALIGN="TOP" HEIGHT="16"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">By:<i> /s/ MOHD MAHYUDIN ZAINAL</i></font></td>
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    <td WIDTH="35%" VALIGN="TOP" HEIGHT="16"></td>
    <td WIDTH="65%" VALIGN="TOP" HEIGHT="16"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">---------------------------------</font></td>
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    <td WIDTH="35%" VALIGN="TOP" HEIGHT="16"></td>
    <td WIDTH="65%" VALIGN="TOP" HEIGHT="16"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">Name: MOHD MAHYUDIN ZAINAL</font></td>
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    <td WIDTH="35%" VALIGN="TOP" HEIGHT="16"></td>
    <td WIDTH="65%" VALIGN="TOP" HEIGHT="16"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">Title: President</font></td>
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    <td WIDTH="35%" VALIGN="TOP" HEIGHT="4"></td>
    <td WIDTH="65%" VALIGN="TOP" HEIGHT="4"></td>
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    <td VALIGN="top" HEIGHT="20"><b><p ALIGN="LEFT" DIR="LTR"><font face="Times New Roman"
    size="2">Exhibit 10.1</font></b></td>
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    <td WIDTH="77%" VALIGN="TOP" HEIGHT="360"><b><u><p ALIGN="CENTER" DIR="LTR"><br>
    <font face="Times New Roman" size="2"><br>
    <br>
    Dated the 29<sup>th</sup> day of Oct, 2013<br>
    <br>
    <br>
    <br>
    </font></p>
    </u><p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">SAMATA VENTURES SDN
    BHD &amp; CLIXSTER SDN BHD<br>
    (the Vendor)</font></p>
    </b><p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2"><br>
    and</font></p>
    <p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2"><b><br>
    CHINA MEDIA GROUP CORPORATION<br>
    (the &quot;Purchaser&quot;)</b></font></p>
    <p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2"><br>
    and</font></p>
    <b><p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2"><br>
    CLIXSTER MOBILE SDN. BHD. <br>
    (the &quot;Company&quot;)<br>
    <br>
    <br>
    <br>
    <br>
    <br>
    -----------------------------------------------------------------------------------------------<br>
    AGREEMENT<br>
    RELATING TO <br>
    THE SALE AND PURCHASE OF 63.2% INTEREST<br>
    IN <br>
    CLIXSTER MOBILE SDN. BHD. <br>
    -----------------------------------------------------------------------------------------------</font></b></td>
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    <td VALIGN="top" HEIGHT="20" style="text-align: justify"><b><p ALIGN="LEFT" DIR="LTR"><font
    face="Times New Roman" size="2">THIS AGREEMENT</b> is dated the <b>29<sup>th</sup> </b>day
    of <b>October, 2013.</b></font></p>
    <b><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman" size="2">BETWEEN:</font></b></p>
    <ol>
      <b>
      <li><font face="Times New Roman" size="2">SAMATA VENTURES SDN BHD (957297-K)</b> and <b>CLIXSTER
        SDN BHD (957300-X)</b> the companies incorporated in Malaysia and having its registered
        office at No 5-4-2 Jalan 2/50, Diamond Square, Off Jalan Gombak, 53000 Kuala Lumpur
        (jointly referred to as the &quot;<b>Vendor</b>&quot;); and</font></li>
      <b>
      <li><font face="Times New Roman" size="2">CHINA MEDIA GROUP CORPORATION, </b>a company
        incorporated in Texas, U.S.A. and having its correspondence address in Malaysia at No 55,
        Jalan Snuker 13/28, Tadisma Business Park, Section 13, 40100 Shah Alam, Selangor,
        Malaysia, Malaysia (&quot;<b>Purchaser</b>&quot;); and</font></li>
      <b>
      <li><font face="Times New Roman" size="2">CLIXSTER MOBILE SDN BHD (982816-U)</b> a company
        duly incorporated in Malaysia and having its principal place of business at <b>No 3 Jalan
        Sri Hartamas 7, Taman Sri Hartamas 50480 Kuala Lumpur, Malaysia</b> (&quot;<b>Company</b>&quot;
        or &quot;<b>Clixster</b>&quot;) on the following terms and conditions.</font></li>
    </ol>
    <b><p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman" size="2">WHEREAS:</font></p>
    <ol TYPE="A">
      </b>
      <li><font face="Times New Roman" size="2">The Vendor is the registered and beneficial owner
        of the Sales Shares as defined below. The Company has as at the date hereof issued
        1,000,000 shares which have been fully paid. Brief particulars of the Company are set out
        in <u>Schedule 1</u>.</font></li>
      <li><font face="Times New Roman" size="2">The Purchaser is a company quoted on the Over The
        Counter market in the USA under the symbol &quot;CHMD&quot;.<b> </font></li>
      </b>
      <li><font face="Times New Roman" size="2">The Company is principally involved in
        telecommunication service provider.</font></li>
      <li><font face="Times New Roman" size="2">The Vendor has agreed to sell and the Purchaser
        has agreed to purchase the Sale Shares by the issuance of Consideration Shares to the
        Vendor on the terms and conditions of this Agreement.</font></li>
    </ol>
    </td>
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    <td VALIGN="top" width="100%" height="20" colspan="2"><font face="Times New Roman"
    size="2"><b>NOW IT IS HEREBY AGREED AS FOLLOWS:</b></font></td>
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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><b></b></font></td>
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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b>1.</b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><b>INTERPRETATION</b></font></td>
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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><b></b></font></td>
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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>1.1<b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><b></b>In
    this Agreement (including the Recitals and Schedules), unless the context otherwise
    requires, the following words and expressions shall have the following meanings ascribed
    to each of them below:<b></b></font></td>
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    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2"><br>
    &quot;Agreement&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2"><br>
    this agreement for the sale and purchase of the Sale Shares, as amended or supplemented
    from time to time;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;2012 Accounts&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">in respect of both the Company and the Purchaser, their
    balance sheet made up as at 31<sup>st</sup> December 2012 and the profit and loss accounts
    for the year ended on 31<sup>st</sup> December 2012 respectively;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Audited Profits&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">the audited consolidated profits attributable to
    shareholders of the Company for the relevant period prepared under the accounting
    principals of the Company consistently applied;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Auditors&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">the auditors from time to time appointed by the Company
    (or such replacement approved by the Purchaser);</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Business&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">such business being engaged by the Company from time to
    time;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Business Day&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">a day (other than Saturdays) on which banks in Malaysia
    are generally open for the transaction of normal banking business;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Completion Accounts&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">in respect of both the Company and the Purchaser, their
    unaudited balance sheet as at the Completion Date and the unaudited profit and loss
    account for the period from 1<sup>st</sup> January 2013 to the Completion Date to be
    prepared by the Company and the Purchaser respectively;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Completion Date&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">the date falling on the fifth (5<sup>th</sup>) Business
    Day after all the conditions set out in <u>Clause 3.1</u> have been fulfilled or waived by
    the Purchaser and or the Vendor;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Completion&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">completion of the sale and purchase of the Sale Shares in
    accordance with the terms and conditions of this Agreement;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Consideration&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">the aggregate consideration payable by the Purchaser for
    the purchase of the Sale Shares pursuant to <u>Clause 4.1</u>;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Consideration Shares&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">means the 10,193,609,664 shares, representing <b>90%</b>
    of the enlarged common stocks in the Purchaser issued to the Vendor as consideration for
    the Sale Shares set out in Clause 2;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Encumbrance&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">any mortgage, charge, pledge, lien (otherwise than arising
    by statute or operation of law), equities, hypothecation or other encumbrance, priority or
    security interest, deferred purchase, title retention, leasing, sale-and-repurchase or
    sale-and-leaseback arrangement whatsoever over or in any property, assets or rights of
    whatsoever nature and includes any agreement for any of the same;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Long Stop Date&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">30<sup>th </sup>November, 2013 (or such later date the
    parties to this Agreement may agree in writing); </font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;RM&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">means Ringgit Malaysia;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Sale Shares&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">632,000 Shares to be sold by the Vendor to the Purchaser
    which constitute 63.2% of the total issued share capital of the Company (consisting of
    510,000 Shares (51%) from Samata Ventures Sdn Bhd and 122,000 Shares (12.2%) from Clixster
    Sdn Bhd) as at the Completion Date;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Shares&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">shares in the share capital of the Company;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Subsidiaries&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">the subsidiaries of the Purchaser as listed in Schedule 4;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><font face="Times New Roman" size="2"></font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Taxation&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">all forms of taxation whenever created or imposed and
    whether in Malaysia or elsewhere and without limiting the generality of the foregoing,
    includes all forms of profits tax, interest tax, salaries tax, property tax, estate duty,
    stamp duty, sales tax, any provisional tax, customs and import duty and any amount equal
    to any deprivation of any relief, allowance, set off, deduction in computing profits or
    rights to repayment of taxation granted by or pursuant to any legislation concerning or
    otherwise relating to taxation and also includes in addition and without prejudice to the
    foregoing, all fines, penalties, costs, charges, expenses and interests relating thereto; </font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"></td>
    <td WIDTH="60%" VALIGN="top" height="10"></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;Warranties&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">(a) in respect of the Company, the representations and
    warranties set out in <u>Clause 7</u> and <u>Schedule 2</u>;</font></p>
    <p ALIGN="JUSTIFY" DIR="LTR"><font face="Times New Roman" size="2">(b) in respect of the
    Purchaser, the representations and warranties set out in <u>Clause 8</u> and <u>Schedule 3</u>;</font></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"></td>
    <td WIDTH="60%" VALIGN="top" height="10"></td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="top" height="10"><b><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">&quot;USD&quot;</font></b></td>
    <td WIDTH="60%" VALIGN="top" height="10"><p ALIGN="JUSTIFY" DIR="LTR"><font
    face="Times New Roman" size="2">means United States Dollars.</font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">1.2</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    headings of this Agreement are inserted for convenience only and shall be ignored in
    construing this Agreement. Unless the context otherwise requires, references in this
    Agreement to the singular shall be deemed to include references to the plural and vice
    versa; references to one gender shall include all genders and references to any person
    shall include an individual, firm, body corporate or unincorporated.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">1.3</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">References
    in this Agreement to clauses, schedules and exhibits are references to clauses, schedules
    and exhibits of this Agreement and references to sub-clauses and paragraphs are unless
    otherwise stated, references to sub-clauses and paragraphs of the clause, sub-clause or,
    as appropriate, the schedule or the exhibit in which the reference appears.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><strong><font face="Times New Roman" size="2">2.</font></strong></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"><b>SALE
    AND PURCHASE OF THE SALE SHARES</b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">2.1</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Subject
    to the terms and conditions of this Agreement the Vendor, as beneficial and or registered
    owner of the Sale Shares, shall sell and the Purchaser shall (or the Purchaser's nominee),
    relying on the warranties and indemnities herein contained, purchase the Sale Shares free
    from all Encumbrances together with all rights now or hereafter attaching thereto
    including but not limited to all dividends paid, declared and/or made in respect thereof
    on or after the date of this Agreement in consideration for the Consideration Shares.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><strong><font face="Times New Roman" size="2">3.</font></strong></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"><b>CONDITIONS</b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">3.1</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2">Completion
    is conditional upon:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser having completed its due diligence (including without limitation, legal,
    financial and commercial aspects) in respect of the Company referred to in <u>Clause 3.2</u>
    below and the results of which are, in the absolute opinion of the Purchaser, satisfactory
    and acceptable to the Purchaser in all respects;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the Vendor
    having completed its due diligence (including without limitation, legal, financial and
    commercial aspects) in respect of the Purchaser referred to in <u>Clause 3.3</u> below and
    the results of which are, in the absolute opinion of the Vendor, satisfactory and
    acceptable to the Vendor in all respects;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(c)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the Vendor
    having obtained all necessary consents and approvals for the transactions contemplated
    under this Agreement (if required) from the relevant governmental or regulatory
    authorities in Malaysia or elsewhere under the relevant applicable laws and regulations;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(d)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the Vendor
    having obtained all necessary Board resolution of the Company for the transfer of the Sale
    Shares to the Purchaser;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(e)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser having obtained all necessary consents and approvals for the transactions
    contemplated under this Agreement (if required) from the relevant governmental or
    regulatory authorities in United States of America or elsewhere under the relevant
    applicable laws and regulations;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(f)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser having obtained all necessary Board and/or members resolution for the issuance
    of the Consideration Shares to the Vendor and or its nominee;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(g)</font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2">the
    Purchaser has disposed the Subsidiaries;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(h)</font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2">there being
    no breach of any of the Warranties. </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">3.2</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">In
    relation to <u>Clause 3.1(a)</u>, the Vendor shall give and shall procure that the
    Purchaser and/or any persons authorised by it in writing will be given such access to the
    premises and all books, documents, title deeds, records, returns, approvals,
    correspondence and accounts of the Company and all such information relating to the
    Company as may be reasonably requested by or on behalf of the Purchaser to undertake and
    conduct a full due diligence (including but without limitation, in all legal, financial
    and commercial aspects) against the Company and be permitted to take copies of any such
    books, documents, title deeds, records and accounts and that the directors and employees
    of all members of the Company shall be instructed to give promptly all such information
    and explanations to any such persons as aforesaid as may be requested by it or them. For
    the avoidance of doubt, such due diligence shall not limit or otherwise qualify in any way
    the obligations and liabilities of the Vendor under <u>Clause 7</u>.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">In
    relation to <u>Clause 3.1(b)</u>, the Purchaser shall give and shall procure that the
    Vendor and/or any persons authorised by it in writing will be given such access to the
    premises and all books, documents, title deeds, records, returns, approvals,
    correspondence and accounts of the Purchaser and all such information relating to the
    Purchaser as may be reasonably requested by or on behalf of the Vendor to undertake and
    conduct a full due diligence (including but without limitation, in all legal, financial
    and commercial aspects) against the Purchaser and be permitted to take copies of any such
    books, documents, title deeds, records and accounts and that the directors and employees
    of all members of the Purchaser shall be instructed to give promptly all such information
    and explanations to any such persons as aforesaid as may be requested by it or them. For
    the avoidance of doubt, such due diligence shall not limit or otherwise qualify in any way
    the obligations and liabilities of the Purchaser under <u>Clause 8</u>.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    parties may at any time by notice in writing to the other party waive any of the
    conditions set out in <u>Clause 3.1</u>. If (a) any of the conditions set out in <u>Clause
    3.1 </u>has not been satisfied (or as the case may be, waived by the other party) on or
    before 5:00 p.m. on the Long Stop Date </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">or
    such later date as the Purchaser may agree; or (b) the party is not satisfied with the
    results of the due diligence conducted according to <u>Clause 3.2 and 3.3 as appropriate </u>and
    informs the other party in writing at any time, this Agreement shall cease and determine
    and the parties to this Agreement shall not have any obligations and liabilities hereunder
    save for any antecedent breaches of the terms hereof.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><strong><font face="Times New Roman" size="2">4.</font></strong></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><font face="Times New Roman" size="2"><b>CONSIDERATION</b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">4.1</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    aggregate consideration for the sale and purchase of the Sale Shares shall be the
    Consideration Shares to the Vendor as its consideration.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><strong><font face="Times New Roman" size="2">5.</font></strong></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><font face="Times New Roman" size="2"><b>COMPLETION</b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">5.1</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Completion
    shall take place at the Company's office on the Completion Date at 5:00 p.m. (or at such
    other place and time as the parties may agree) when all the acts and requirements set out
    in this <u>Clause 5</u> shall be complied with.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">5.2</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">On
    Completion, the Vendor and or the Company (as the case may be) deliver or procure the
    delivery to the Purchaser of all the following:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Vendor deliver the relevant instruments of transfer and contract notes in respect of the
    transfer of the Sale Shares duly executed by the Vendor in favour of the Purchaser or such
    other nominee(s) as the Purchaser may direct and such other documents as may be required
    to give a good and effective transfer of title to the Sale Shares to the Purchaser or such
    nominee(s) and to enable the Purchaser or such nominee(s) to become the registered and
    beneficial holder thereof free from all Encumbrances to the Purchaser's satisfaction;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Vendor deliver definitive share certificates in respect of the Sale Shares and other
    evidence as may be required by the Purchaser showing that the Vendor is the beneficial
    owner of the Sale Shares, free from all Encumbrances;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(c)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Company deliver copies, certified as true and complete by a director of the Company, of
    resolutions of the shareholders meeting/board of directors approving the matters as
    stipulated in <u>Clauses 5.3</u>;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(d)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Company shall deliver to the Purchaser in respect of the Company:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">all
    statutory records and minute books (which shall be written up to date as at Completion),
    all unissued share certificates (if any) and all other statutory records then;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">all common
    seals and all rubber stamps, cheque books, cheque stubs and bank statements, receipt
    books, all current insurance policies, books and accounts and title deeds and evidence of
    ownerships to all assets and all current contracts and all other accounting records;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">copies of
    all tax returns and assessments (receipted where the due dates for payment fell on or
    before the Completion Date);</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">all
    correspondence and other documents belonging to the Company (including its constitutional
    documents); and</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(v)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">provided
    that, if the Purchaser so agrees, delivery of all documents and records as referred to in
    this <u>Clause 5.2(d)</u> shall be deemed to have been effected where they are situated in
    premises and shall continue to be in the sole occupation of the Company following
    Completion or otherwise in the custody of persons who shall remain officers and/or
    employees of the Company following Completion;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(e)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    2012 Accounts (which shall not have any deviation from the Completion Accounts as defined
    in <u>Schedule 5</u>); and</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(f)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2">the
    Completion Accounts.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">5.3</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">On
    Completion, the Company shall procure a meeting of the shareholders/directors (as
    appropriate) of the Company at which such matters shall be dealt with and resolved upon as
    the Purchaser shall require for the purposes of giving effect to the provisions of this
    Agreement including:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">approving
    the sale and purchase of the Sale Shares and this Agreement; and</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">amending
    the memorandum and articles of association of the Company as may be required by the
    Purchaser in writing prior to the Completion.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">5.4</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Against
    performance of the obligations by the Vendor and or the Company (as the case may be) under
    <u>Clauses 5.2 and 5.3</u> above, the Purchaser shall:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">deliver
    to the Vendor a certified copy of the directors' and or members' resolutions of the
    Purchaser approving this Agreement, the issuance of the Consideration Shares and the
    resignation of the current directors of the Purchaser; and</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>deliver
    to the Vendor in respect of the Purchaser:<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">{i)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">all
    statutory records and minute books (which shall be written up to date as at Completion),
    all unissued share certificates (if any) and all other statutory records then;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">all common
    seals and all rubber stamps, cheque books, cheque stubs and bank statements, receipt
    books, all current insurance policies, books and accounts and title deeds and evidence of
    ownerships to all assets and all current contracts and all other accounting records;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">copies of
    all tax returns and assessments (receipted where the due dates for payment fell on or
    before the Completion Date);</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">all
    correspondence and other documents belonging to the Purchaser (including its
    constitutional documents);</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">provided
    that, if the Vendor so agrees, delivery of all documents and records as referred to in
    this <u>Clause 5.4(b)</u> shall be deemed to have been effected where they are situated in
    premises and shall continue to be in the sole occupation of the Company following
    Completion or otherwise in the custody of persons who shall remain officers and/or
    employees of the Company following Completion;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(v)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the 2012
    Accounts (which shall not have any deviation from the Completion Accounts as defined in <u>Schedule
    5</u>);</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(vi)</font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">the
    Completion Accounts; and</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(vii)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">such other
    documents as may be reasonably requested by the Vendor.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(c)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">resignations
    of each of the current directors of the Purchaser;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(d)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser shall deliver to the Vendor a certificate or certificates representing the
    Consideration Shares subject to no liens, security interests, pledges, encumbrances,
    charges, restrictions, demands or claims in any other party whatsoever, except as set
    forth in the legend on the certificate, which legend shall provide substantially as
    follows:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">&quot;THE
    SHARES (OR OTHER SECURITIES) REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
    UNDER THE SECURITIES ACT OF 1933. THE SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE
    OF SUCH REGISTRATION OR AN OPINION OF COUNSEL THAT AN EXEMPTION FROM REGISTRATION UNDER
    SUCH ACT IS AVAILABLE.&quot;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Vendor acknowledges that the Consideration Shares will initially be &quot;restricted
    securities&quot; (as such term is defined in Rule 144 promulgated under the Securities Act
    of 1933, as amended (&quot;Rule 144&quot;), that the Consideration Shares will include the
    foregoing restrictive legend, and, except as otherwise set forth in this Agreement, that
    the Consideration Shares cannot be sold unless registered with the United States
    Securities and Exchange Commission (&quot;SEC&quot;) and qualified by appropriate state
    securities regulators, or unless the Vendor obtains written consent from the Purchaser and
    otherwise complies with an exemption from such registration and qualification (including,
    without limitation, compliance with Rule 144)).</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Notwithstanding
    Clause 5.4 (b)(i), the Purchaser shall deliver to the Vendor duly executed Letter of
    Instruction to the Share Registrar of the Purchaser for the issuance of the Consideration
    Shares in favour of the Vendor or its nominee. </font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">5.5</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">If
    the Vendor, the Purchaser or the Company, as appropriate, shall fail to do anything
    required to be done by them under <u>Clauses 5.2, 5.3 and 5.4</u>, without prejudice to
    any other right or remedy available to the Vendor, the Purchaser and the Company as
    applicable the applicable party may:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">defer
    Completion to a day not later than 14 days after the date fixed for Completion (and so
    that the provisions of this paragraph (a) shall apply to Completion as so deferred); or</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">proceed
    to Completion so far as practicable but without prejudice to the parties' rights to the
    extent that the other party shall not have complied with their obligations hereunder; or</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(c)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">rescind
    this Agreement without liability on its part.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    parties to the Agreement confirm and agree that <u>Clauses 7</u> to <u>12</u> shall
    survive the Completion.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b>6.</b></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"><b>PRE-COMPLETION
    OBLIGATIONS</b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">6.1</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Company and the Purchaser covenants and undertakes that prior to Completion and without
    the prior written consent of the other party , the Company and the Purchaser shall not:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">incur any
    expenditure on capital account or enter into any option in respect of any part of its
    assets;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">dispose of
    or agree to dispose of or grant any option in respect of any part of its assets other than
    the disposal of the Subsidiaries;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(c)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">borrow any
    money or make any payments out of or drawings on its bank account(s) other than routine
    payments; </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(d)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">enter into
    any unusual or abnormal contract or commitment;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(e)</font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2">make any
    loan;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(f)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">enter into
    any leasing hire purchase or other agreement or arrangements for payment on deferred
    terms;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(g)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">declare
    make or pay any dividend or other distribution or do or suffer anything which may render
    its financial position less favourable than as at the date of this Agreement;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(h)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">grant or
    issue or agree to grant or issue any mortgages charges debentures or other securities or
    give or agree to give any guarantees or indemnities;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">make any
    change in the terms and conditions of employment or pension benefits of any of its
    directors or employees or employ or terminate (other than for good cause) the employment
    of any person;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(j)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">permit any
    of its insurances to lapse or do anything which would make any policy of insurance void or
    voidable;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(k)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">create
    issue or grant any option in respect of any class of share or loan capital or agree so to
    do;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(l)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">in any
    other way depart from the ordinary course of its respective day-to-day business either as
    regards the nature scope or manner of conducting the same;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(m)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">alter any
    provisions of its memorandum or articles of association or other constitutional documents;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(n)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">voluntarily
    contravene or fail to comply with any material obligation, statutory or otherwise; or</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(o)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">do anything
    whereby its financial position will be rendered less favourable than at the date hereof.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b>7.</b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><b>VENDOR
    AND THE COMPANY WARRANTIES</b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.1</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Vendor
    and the Company warrant and undertake that, as at the Completion Date the Company shall
    have no liability (including known, actual or contingent) other than amounts disclosed in
    the Completion Accounts of not more than RM100,000 and the value of the Company shall be
    no less than <b>USD156,250,000.00</b>. </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.2</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    warrants and undertakes to and with the Purchaser that the Warranties are true and
    accurate in all respects as at the date of this Agreement and will continue to be so up to
    and including Completion and agree to use its best endeavours (including taking such
    remedial action as may be necessary) to ensure that the Warranties have remained and will
    remain true and accurate in all respects from the date of signing of this Agreement up to
    the time of Completion and acknowledge that the Purchaser, in entering into this
    Agreement, is relying on, inter alia, such Warranties. For the avoidance of doubt, the
    liabilities and obligations of the Company under the Warranties shall in no circumstances
    be lessened, modified, relieved or otherwise reduced due to any actual or constructive
    knowledge of the Purchaser of any facts or events relating to the business, operations or
    otherwise of the Company, whether such knowledge is gained in the course of the due
    diligence conducted under <u>Clause 3.2 </u>or otherwise.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.3</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    and the Vendor has full power to enter into and perform this Agreement and this Agreement
    will constitute, binding obligations on the Vendor, enforceable in accordance with their
    terms.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.4</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    and the Vendor agrees that the Purchaser shall treat each of the Warranties (to the extent
    that they are applicable to them) as a condition of this Agreement. In addition, each of
    the Warranties is without prejudice to any other Warranty and, except where expressly
    otherwise stated, no provision in any Warranty shall govern or limit the extent or
    application of any other provision in any Warranty.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.5</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    agrees to fully indemnify and keep the Purchaser and its assignee fully indemnified on
    demand from and against all losses, liabilities, damages, costs and expenses (including
    legal expenses) which the Purchaser and its assignee may incur or sustain from or in
    consequence of any of the Warranties not being correct or fully complied with. This
    indemnity shall be without prejudice to any other rights and remedies of the Purchaser and
    its assignee in relation to any such breach of Warranties and all such rights and remedies
    are hereby reserved.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.6</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Warranties shall survive Completion and the rights and remedies of the Purchaser in
    respect of any breach of the Warranties shall not be affected by Completion or by any
    investigation made by or on behalf of the Purchaser into the affairs of the Company or by
    the Purchaser rescinding, or failing to rescind this Agreement, or failing to exercise or
    delaying the exercise of any right or remedy, or by any other event or matter whatsoever,
    except a specific and duly authorised written waiver or release and no single or partial
    exercise of any right or remedy shall preclude any further or other exercise.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.7</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser shall be entitled to take action both before and after Completion in respect of
    any breach or non-fulfillment of any of the Warranties and Completion shall not in any way
    constitute a waiver of any right of the Purchaser.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.8</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    and the Vendor undertake in relation to any Warranty which refers to the knowledge,
    information or belief of the Company that it has made full enquiry into the subject matter
    of that Warranty and that it does not have actual or constructive knowledge, information
    or belief that the subject matter of that Warranty may not be correct, complete or
    accurate.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.9</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">If at any
    time before Completion the Company and/or the Vendor come to know of any fact or event
    which:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">is in any
    way inconsistent with any of the undertakings given by the Vendor and or the Company,
    and/or</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">suggests
    that any fact warranted may not be as warranted or may be misleading; and/or</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(c)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">might
    affect the willingness of a prudent purchaser for value of the Sale Shares to complete its
    purchase or the amount of the consideration which such purchaser would be prepared to pay
    for the Sale Shares;</font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the Company
    and/or the Vendor shall give immediate written notice thereof to the Purchaser in which
    event the Purchaser may within 14 days of receiving such notice rescind this Agreement by
    written notice to the Vendor and the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.10</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">If at any
    time before Completion, the Purchaser finds that any of the Warranties is incorrect or has
    not been or is (in the reasonable opinion of the Purchaser) incapable of being rectified
    the Purchaser may rescind this Agreement by written notice to the Vendor and the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.11</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser's rights under the above clauses are in addition to and without prejudice to all
    other rights and remedies available to it and its exercise of or its failure to exercise
    its rights under any of the above clauses shall not constitute a waiver of or prejudice
    any of its other rights under this Agreement. </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.12</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    and the Vendor hereby represents and warrant to the Purchaser that the warranties set out
    in <u>Schedule 2</u> are true and correct in all respects as at the date of this Agreement
    and will continue to be so up to and including the Completion Date.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">7.13</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Notwithstanding
    any term in this Agreement, the maximum liability of the Company and the Vendors for
    breach or non-fulfillment of the Warranties shall be such sum that is equal to the amount
    of the Consideration.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><strong>8.</strong></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"><u><b>PURCHASER'S
    WARRANTIES</b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.1</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser warrants and undertakes that, as at the Completion Date the Purchaser shall have
    no liability (including known, actual or contingent) other than amounts disclosed in the
    Completion Accounts of not more than USD100,000.00 other than the shareholder loan of and
    related parties debts of not more than USD3,000,000.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.2</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser warrants and undertakes to and with the Vendor that the Warranties are true and
    accurate in all respects as at the date of this Agreement and will continue to be so up to
    and including Completion and agree to use its best endeavours (including taking such
    remedial action as may be necessary) to ensure that the Warranties have remained and will
    remain true and accurate in all respects from the date of signing of this Agreement up to
    the time of Completion and acknowledge that the Vendor, in entering into this Agreement,
    is relying on, inter alia, such Warranties. For the avoidance of doubt, the liabilities
    and obligations of the Purchaser under the Warranties shall in no circumstances be
    lessened, modified, relieved or otherwise reduced due to any actual or constructive
    knowledge of the Vendor of any facts or events relating to the business, operations or
    otherwise of the Purchaser, whether such knowledge is gained in the course of the due
    diligence conducted under <u>Clause 3.3 </u>or otherwise.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.3</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser has full power to enter into and perform this Agreement and this Agreement will
    constitute, binding obligations on the Purchaser, enforceable in accordance with their
    terms.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.4</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser agrees that the Vendor shall treat each of the Warranties (to the extent that
    they </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">are
    applicable to them) as a condition of this Agreement. In addition, each of the Warranties
    is without prejudice to any other Warranty and, except where expressly otherwise stated,
    no provision in any Warranty shall govern or limit the extent or application of any other
    provision in any Warranty.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.5</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser agrees to fully indemnify and keep the Vendor and its assignee fully indemnified
    on demand from and against all losses, liabilities, damages, costs and expenses (including
    legal expenses) which the Vendor and its assignee may incur or sustain from or in
    consequence of any of the Warranties not being correct or fully complied with. This
    indemnity shall be without prejudice to any other rights and remedies of the Vendor and
    its assignee in relation to any such breach of Warranties and all such rights and remedies
    are hereby reserved.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.6</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Warranties shall survive Completion and the rights and remedies of the Vendor in respect
    of any breach of the Warranties shall not be affected by Completion or by any
    investigation made by or on behalf of the Vendor into the affairs of the Purchaser or by
    the Vendor rescinding, or failing to rescind this Agreement, or failing to exercise or
    delaying the exercise of any right or remedy, or by any other event or matter whatsoever,
    except a specific and duly authorised written waiver or release and no single or partial
    exercise of any right or remedy shall preclude any further or other exercise.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.7</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Vendor shall be entitled to take action both before and after Completion in respect of any
    breach or non-fulfillment of any of the Warranties and Completion shall not in any way
    constitute a waiver of any right of the Vendor.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.8</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser undertakes in relation to any Warranty which refers to the knowledge,
    information or belief of the Purchaser that it has made full enquiry into the subject
    matter of that Warranty and that it does not have actual or constructive knowledge,
    information or belief that the subject matter of that Warranty may not be correct,
    complete or accurate.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.9</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">If
    at any time before Completion the Vendor comes to know of any fact or event which:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">is in any
    way inconsistent with any of the undertakings given by the Purchaser, and/or</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">suggests
    that any fact warranted may not be as warranted or may be misleading; and/or</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(c)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">might
    affect the willingness of the Vendor to accept the Consideration Shares or the amount of
    the consideration which the Vendor would be prepared to accept for the Sale Shares;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Vendor shall give immediate written notice thereof to the Purchaser in which event the
    Vendor may within 14 days of receiving such notice rescind this Agreement by written
    notice to the Purchaser.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.10</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">If
    at any time before Completion, the Vendor finds that any of the Warranties is incorrect or
    has not been or is (in the reasonable opinion of the Vendor) incapable of being rectified
    the Vendor may rescind this Agreement by written notice to the Purchaser.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.11</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Vendor's rights under the above clauses are in addition to and without prejudice to all
    other rights and remedies available to it and its exercise of or its failure to exercise
    its rights under any of the above clauses shall not constitute a waiver of or prejudice
    any of its other rights under this Agreement. </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.12</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser hereby represents and warrant to the Vendor that the warranties set out in <u>Schedule
    3</u> are true and correct in all respects as at the date of this Agreement and will
    continue to be so up to and including the Completion Date.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8.13</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Notwithstanding
    any term in this Agreement, the maximum liability of the Purchaser for breach or
    non-fulfillment of the Warranties shall be such sum that is equal to the value of the
    Consideration Shares.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><strong>9.</strong></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><font face="Times New Roman" size="2"><u><b>COVENANTS
    BY THE PURCHASER</b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">9.1</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser hereby covenants and agrees with the Vendor and the Company as follows:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="3"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser has taken and will take all necessary and required corporate measures,
    proceedings and actions to authorize and enable the Purchaser to enter into and deliver
    this Agreement and to perform its obligations hereunder and to issue the Consideration
    Shares to the Vendor in accordance with the terms of this Agreement;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">upon
    Completion, the Consideration Shares to be issued to the Vendor pursuant to this Agreement
    will be duly authorized, validly allotted and issued as fully paid, in compliance with
    applicable corporate and securities laws;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(c)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser shall use its commercially reasonable efforts to obtain from its directors,
    shareholders and all appropriate governmental or regulatory entities such approvals,
    permits or consents as are required (if any) to complete the transactions contemplated
    herein;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(d)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser shall use its commercially reasonable efforts to obtain the regulatory approvals
    of the relevant securities authorities (where required) for the transactions contemplated
    herein and the issuance of the Consideration Shares pursuant to this Agreement. In that
    regard, the Purchaser shall provide the Vendor with all communications sent to or received
    from the relevant securities authorities in connection therewith;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(e)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">
    the Purchaser will maintain its corporate status and comply with all applicable corporate
    and securities laws and requirements (including any applicable filing requirements) prior
    to the Completion Date;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(f)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser covenants and agrees that from the date hereof until the Completion Date or the
    earlier termination of this Agreement (whichever is first), the Purchaser shall not take
    any action, or fail to take any action, which would or may reasonably be expected to
    result in the representations and warranties set out in Clause 8 being untrue in any
    material respect at any time prior to the Completion Date or termination of this
    Agreement, whichever is first;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(g)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser shall use all commercially reasonable efforts to ensure that, on the Completion
    Date, unless otherwise agreed between the Vendor and the Purchaser, the board of directors
    of the Purchaser is reconstituted <u>so that a majority of the board of directors of the
    Purchaser shall consist</u> of members nominated by the Vendor;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(h)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser shall use all commercially reasonable efforts to consummate the transactions
    contemplated in this Agreement;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the
    Purchaser shall, as promptly as practicable hereafter, prepare and file all filings
    required under any securities laws, the rules and policies of the relevant securities
    authorities or any other applicable laws relating to the transactions contemplated in this
    Agreement;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(j)</font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">subject
    to the terms and conditions of this Agreement and subject to fiduciary obligations under
    applicable laws, use all commercially reasonable efforts to take, or cause to be taken,
    all action and to do, or cause to be done, all things necessary, proper or advisable to
    consummate and make effective as promptly as practicable the transactions contemplated by
    this Agreement and to cooperate with the Vendor in connection with the foregoing,
    including, as applicable, using commercially reasonable efforts:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">to obtain
    all necessary waivers, consents and approvals from other parties to material agreements,
    leases and other contracts or agreements;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">to defend
    all lawsuits or other legal proceedings challenging this Agreement or the consummation of
    the transactions contemplated hereby;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">to cause to
    be lifted or rescinded any injunction or restraining order or other order adversely
    affecting the ability of the Parties to consummate the transactions contemplated hereby;
    and</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv)</font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">to effect
    all necessary registrations and other filings and submissions of information requested by
    any governmental or regulatory authority.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><strong>10.</strong></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"><u><b>ACCESS
    TO INFORMATION AND FURTHER ASSURANCE</b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">10.1</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Company and the Vendor shall assist the Purchaser, its agents, representatives and
    professional advisers in obtaining promptly on request full access to all such facilities
    and information regarding the business, assets, liabilities, contracts and affairs of the
    Company and other evidence of ownership of the assets owned by the Company as the
    Purchaser may require.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">10.2</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser shall assist the Vendor, its agents, representatives and professional advisers
    in obtaining promptly on request full access to all such facilities and information
    regarding the business, assets, liabilities, contracts and affairs of the Purchaser and
    other evidence of ownership of the assets owned by the Purchaser as the Vendor may
    require.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">10.3</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Company and/or the Vendor shall execute, do and perform or procure to be executed, done
    and performed by other necessary persons all such further acts, agreements, assignments,
    assurances, deeds and documents as the Purchaser may require effectively to vest the
    registered and beneficial ownership of the Sale Shares in the Purchaser free from all
    Encumbrances and with all rights now and hereafter attaching thereto and to give effect to
    any matter provided for herein.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><strong>11.</strong></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"><u><b>CONFIDENTIALITY
    AND ANNOUNCEMENTS</b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">11.1</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Each
    of the parties undertakes to the others that it will not, at any time after the date of
    this Agreement, divulge or communicate to any person other than to its professional
    advisers, or when required by law or any rule of any relevant stock exchange body, or to
    its respective officers or employees whose province is to know the same any confidential
    information concerning the business, accounts, finance or contractual arrangements or
    other dealings, transactions or affairs of any of the others which may be within or may
    come to its knowledge and it shall use its best endeavours to prevent the publication or
    disclosure of any such confidential information concerning such matters.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">11.2</font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">No
    public announcement or communication of any kind shall be made in respect of the subject
    matter of this Agreement unless specifically agreed between the parties or unless an
    announcement is required pursuant to the applicable laws and the regulations or the
    requirements of any regulatory body or authority. Any announcement by any party required
    to be made pursuant to any relevant laws or regulation or the requirements of the any
    regulatory body or authority shall be issued only after such prior consultation with the
    other party as is reasonably practicable in the circumstances.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><strong>12.</strong></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"><u><b>INDEMNIFICATION</b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Purchaser hereby covenants and agrees with the Vendor and the Company to indemnify and
    save harmless the Vendor and the Company from and against any claims which may be made or
    brought against such Party or which such Party may suffer or incur as a result of, or
    arising out of any non-fulfilment of any covenant or agreement on the part of the
    Purchaser under this Agreement or any incorrectness in or breach of any representation or
    warranty of the Purchaser contained in this Agreement.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><strong>13.</strong></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"><u><b>EXCLUSIVITY</b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">From
    the date of this Agreement until the earlier of the Completion Date or the date on which
    this Agreement is terminated, the Purchaser and its directors, officers, representatives
    and agents will not:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">solicit
    directly or indirectly, or cause, or facilitate anyone else to solicit any offer
    (conditional or otherwise) similar to the one contemplated herein;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">provide
    information concerning its securities, assets or business to anyone for or in furtherance
    of anything mentioned in Clause 13(a).</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><strong>14.</strong></font></td>
    <b><td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman"
    size="2"><u>TERMINATION</u></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">14.1</font></td>
    <b><td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    size="2"></b>This Agreement may, by notice in writing given prior to the Completion Date,
    be terminated: <b></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(a)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b>by
    mutual consent of the parties hereto;<b></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(b) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>by
    either the Vendor or the Purchaser if any of the conditions set forth herein for its
    benefit has not been fulfilled or waived prior to the Completion Date; or<b></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(c)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>by
    either the Vendor or the Purchaser if the transactions contemplated herein is not
    consummated by the expiry of six (6) months from the date of this Agreement, or such other
    date as may be agreed to by the Vendor and the Purchaser.<b></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">14.2</font></td>
    <b><td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    size="2"></b>Each Party's right of termination under this Clause 14 is in addition to any
    other rights it may have under this Agreement or otherwise, and the exercise of a right of
    termination will not be an election of remedies. Nothing in Clause 14 shall limit or
    affect any other rights or causes of action which the Parties may have with respect to the
    representations, warranties, covenants and indemnities in its favour contained in this
    Agreement.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">15. </font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"><u>GENERAL</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>15.1<b></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>This
    Agreement constitutes the entire agreement between the parties hereto with respect to the
    matters dealt with herein and supersedes all previous agreements, arrangements,
    statements, understandings or transactions between the parties hereto in relation to the
    matters hereof and the parties acknowledge that no claim shall arise in respect of any
    agreement so superseded.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>15.2 <b></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Any
    variation to this Agreement shall be binding only if recorded in a document signed by all
    the parties hereto.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>15.3<b></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Time
    shall be of the essence of this Agreement but no failure by any party to exercise, and no
    delay on its part in exercising any right hereunder will operate as a waiver thereof, nor
    shall any single or partial exercise of any right under this Agreement (including a
    settlement with the Vendor) preclude any other or further exercise of it or the exercise
    of any right or prejudice or affect any right against any person under the same liability
    whether joint, several or otherwise. The rights and remedies provided in this Agreement
    are cumulative and not exclusive of any rights or remedies provided by law.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>15.4 <b></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>This
    Agreement shall be binding upon and enure for the benefit of the successors of the parties
    but shall not be assignable.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>15.5 <b></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All
    provisions of this Agreement, in so far as the same shall not have been performed at
    Completion, shall remain in full force and effect notwithstanding Completion.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>15.6 <b></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>If
    any provision of this Agreement shall be held to be illegal or unenforceable, the
    enforceability of the remainder of this Agreement shall not be affected.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>15.7 <b></font></td>
    <td VALIGN="top" width="90%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Time
    shall be of the essence as regards any date or period mentioned in this Agreement and any
    date or period substituted for the same by agreement of the parties hereto or otherwise.<b></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">16. </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>NOTICES</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Any
    notice required to be given by any party hereto to any other shall be deemed validly
    served by hand delivery or by prepaid registered letter sent through the post (airmail if
    to an overseas address) or by facsimile transmission to its address given herein or such
    other address as may from time to time be notified for this purpose and any notice served
    by hand shall be deemed to have been served on delivery, any notice served or by facsimile
    transmission shall be deemed to have been served when sent and any notice served by
    prepaid registered letter shall be deemed to have been served 48 hours (72 hours in the
    case of a letter sent by airmail to an address in another country) after the time at which
    it was posted and in providing service it shall be sufficient (in the case of service by
    hand and prepaid registered letter) to provide that the notice was properly addressed and
    delivered or posted, as the case may be, and in the case of service by facsimile
    transmission to prove that the transmission was confirmed as sent by the originating
    machine.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">17.</font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>COSTS
    AND STAMP DUTY</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>17.1 <b></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Each
    party shall bear its own costs and expenses (including legal fees) incurred in connection
    with the preparation, negotiation, execution and performance of this Agreement and all
    documents incidental or relating to Completion.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>17.2 <b></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All
    stamp duty (if any) payable in connection with the sale and purchase of the Sale Shares
    shall be borne by the Vendor and the Purchaser in equal shares.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">18.</font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>GOVERNING
    LAW AND JURISDICTION</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>18.1 <b></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>This
    Agreement shall be governed by and construed in accordance with the laws of Malaysia.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>18.2 <b></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>In
    relation to any legal action or proceedings to enforce this Agreement or arising out of or
    in connection with this Agreement (?B&gt;proceedings? each of the parties irrevocably
    submits to the non-exclusive jurisdiction of the Malaysian courts and waives any objection
    to proceedings in that court on the grounds of venue or on the grounds that the
    proceedings have been brought in any inconvenient forum.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>18.3 <b></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>These
    submissions shall not affect the right of any party to take proceedings in any other
    jurisdiction nor shall the taking of proceedings in any jurisdiction preclude any party
    from taking proceedings in any other jurisdiction.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">19.</b> <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>LEGAL
    REPRESENTATION</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Each
    parties confirms and acknowledges to the other that he/it has sought separate legal
    representation and is fully aware of the provisions of this Agreement and the transactions
    contemplated herein before entering into this Agreement.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>COUNTERPARTS</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">20.</font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>This
    Agreement may be executed in one or more counter parts each of which shall be binding on
    each party by whom or on whose behalf it is so executed, but which together shall
    substitute a single instrument. For the avoidance of doubt, this Agreement shall not be
    binding on any party hereto unless and until it shall have been executed by or on behalf
    of all persons expressed to be a party hereto.<b></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<u>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">SCHEDULE 1</font></p>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">Particulars of the
Company</font></p>
</u><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2">Company
    Name</font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">:</font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">CLIXSTER
    MOBILE SDN. BHD.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2">Registered
    Address</font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">:</font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">No. 5-4-2,
    Jalan 2/50</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">Diamond
    Square </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">Off Jalan
    Gombak</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">53000 Kuala
    Lumpur</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">Malaysia</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2">Principal
    Address</font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">:</font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">No 3 Jalan
    Sri Hartamas 7 </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">Taman Sri
    Hartamas </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">50480
    KualaLumpur</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">Malaysia</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2">Board of
    Directors</font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">:</font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">Megat
    Radzman bin Megat Khairuddin </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">Noor Azlan
    bin Khamis</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">Azrinaz
    Mazhar binti Hakim Mazhar</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2">Auditors</font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">:</font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">-</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2">Issued
    Share Capital</font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">:</font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">1,000,000
    shares of RM1.00 each</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2">Shareholder</font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">1,000,000
    shares issued and held by :.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">(a) Samata
    Ventures Sdn Bhd - 510,000 shares</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2">(b)
    Clixster Sdn Bhd - 490,000 shares</font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<u>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">SCHEDULE 2</font></p>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">Warranties of the
Company</font></u></b></p>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <b><td VALIGN="top" width="100%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    size="2"></b>In this Schedule, unless the context otherwise indicates each of the
    Warranties shall be deemed to repeated mutatis mutandis at the date of this Agreement and
    at Completion.<b></font></td>
    </b>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>1.0 <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><b></b><u>INTERPRETATION</u><b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><b></b>In
    this schedule where the context admits:-<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>&quot;<b>Accounts</b>&quot;
    means the latest audited accounts of the Company and the unaudited consolidated balance
    sheet of the Company made up as at the Balance Sheet Date and the unaudited profit and
    loss accounts of the Company for the period from the beginning of the current financial
    year to the Balance Sheet Date, copies of which are attached hereto marked
    &quot;Appendix&quot;;<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><b></b>&quot;<b>Balance
    Sheet Date</b>&quot; means 30 September 2013;<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>&quot;<b>Disclosed
    Charges</b>&quot; means, in respect of the Properties, the charges, mortgages or
    encumbrances in favour of independent third parties which have been registered in the
    relevant land registry in its place of business and which remain, as at the date of this
    Agreement and at Completion, undischarged;<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>&quot;<b>Intellectual
    Property</b>&quot; means patents, trademarks, service marks, trade names, registered
    designs, designs, copyrights and other forms of intellectual or industrial property (in
    each case in any part of the world and whether or not registered or registrable and for
    the full period thereof and all extensions and renewals thereof and applications for
    registration of or otherwise in connection with the foregoing), know-how, inventions,
    formulae, confidential or secret processes and information, computer programs and
    software, and any other protected rights and assets, and any licences and permissions in
    connection therewith;<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>2. <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>INFORMATION</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(A) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Disclosures</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The facts
    and information set out in the recitals and, the Schedules and all documents attached are
    true and all information which has been provided in writing to the Purchaser or its
    representatives or advisers by the Vendor or by any Director, officer or other official of
    the Company or by their respective professional advisers or other agents was when given
    and is now true and accurate in all material respects. There is no fact or matter which
    has not been disclosed which renders any such information untrue, inaccurate or misleading
    or the disclosure of which might reasonably affect the willingness of a willing purchaser
    to purchase the Sale Shares in accordance with the provisions of this Agreement.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(B) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Assessment
    of prospects</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    information disclosed to the Purchaser or its representatives or professional advisers, by
    the Vendors and the Directors officers or other officials of the Company regarding the
    current trading and prospects of the Company comprises all information which is material
    for the reasonable assessment of the financial and trading prospects of the Company.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>3.<b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>COMPLIANCE</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(A) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Constitution
    of the Company</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The copy of
    the memorandum and articles of association of the Company which is provided to the
    Purchaser is true and complete in all respects and has embodied in it or annexed to it a
    copy of every such resolution and agreement required by law to be annexed to it and the
    Company has at all times carried on its business and affairs in all respects in accordance
    with its memorandum and articles of association and all such resolutions and agreements.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(B) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Statutory
    compliance</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    is a duly organised limited liability, company validly existing under the laws of the
    place of its incorporation and has the corporate powers and authorises to carry on the
    business presently carried on by it and to own and hold the assets used therewith. The
    Company has complied with the provisions of all applicable laws, regulations (and all
    orders notices and directions made thereunder) and all applicable codes or practices. All
    returns, particulars, resolutions and other documents required to be filed with or
    delivered to the registrar of companies or to any other authority whatsoever by the
    Company have been correctly and properly prepared and so filed or delivered.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>4. <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>CAPITAL
    STRUCTURE</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(A) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Capital
    of the Compan</u>y</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Sale
    Shares together constitute 100% of the issued share capital of the Company as at the date
    of this Agreement and are fully paid up. There is no Encumbrance or other form of
    agreement (including conversion rights and rights of pre-emption) on, over or affecting
    the Sale Shares or any unissued shares, debentures or other securities of the Company and
    there is no agreement or commitment to give or create any of the foregoing, and no claim
    has been made by any person to be entitled to any of the foregoing, and no person has the
    right (whether exercisable now or in the future and whether contingent or not) to call for
    the issue of any share or loan capital of the Company under any of the foregoing.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(B) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Ownership</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All the
    Sale Shares are solely legally and beneficially owned by and registered in the names of
    the Vendor; and <b></font></td>
    </b>
  </tr>
  <tr>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
    </b>
  </tr>
  <tr>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All the
    Sale Shares, and the unissued share capital of the Company are free from any Encumbrance
    and there are no arrangements in force or claimed entitling or allegedly entitling any
    person to any Encumbrance.<b></font></td>
    </b>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(C) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Reorganisation
    of share capital</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    has not at any time, other than the issue of shares to the Vendor:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>repaid,
    redeemed or purchased or agreed to repay, redeem or purchase any of its shares, or
    otherwise reduced or agreed to reduce its issued share capital or any class of it; or<b></font></td>
    </b>
  </tr>
  <tr>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
    </b>
  </tr>
  <tr>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>capitalised
    or agreed to capitalise in the form of shares, debentures or other securities or in paying
    up any amounts unpaid on any shares, debentures or other securities, any profits or
    reserves of any class or description or passed or agreed to pass any resolution to do so.<b></font></td>
    </b>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(D) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Connected
    business</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2">The
    Company:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b> is not
    and has not agreed to become the holder or beneficial owner of any class of any shares,
    debentures or other securities of any other company (wherever incorporated);<b></font></td>
    </b>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="80%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(ii)
    <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>has
    not been and has not agreed to become a subsidiary of any other company or under the
    control of any group of companies or consortium;<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="80%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(iii)
    <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>is
    not and has not at any time been and has not agreed to become a member of any partnership,
    joint venture, consortium or other unincorporated association; and<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(iv)
    <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has no
    branch, place of business, permanent establishment or substantial assets outside of
    Malaysia.</font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>5. <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>ACCOUNTS</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(A) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>General</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2">The
    Accounts:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(i) <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>will
    once audited be prepared in accordance with the requirements of all relevant laws,
    statutes, with good accounting principles and practices generally accepted at the date
    hereof in Malaysia for companies carrying on a similar business to that of the Company
    comply with the laws and regulations and all relevant statements of standard accounting
    practice and accounting guidelines issued by the relevant authorities, are prepared on a
    basis consistent with preceding accounting periods of the Company and with the books of
    account of the Company and are true and accurate in all material respects;<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="80%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(ii)
    <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>disclose
    a true and fair view of the assets and liabilities of the Company at the Balance Sheet
    Date and of its profits for the financial year ended on such date;<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="80%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(iii)
    <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>contain
    full provision or reserve for bad and doubtful debts, burdensome contracts or other
    obligations, obsolescent or slow moving stocks and for depreciation on fixed assets, which
    provision or reserve was when made and is now adequate;<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="80%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(iv)
    <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>contain
    a note of all capital commitments of the Company at the Balance Sheet Date, which note was
    when made and is now adequate, fair and not misleading; and <b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="80%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(v) <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>contain
    full provision or reserves (as appropriate) for all Taxation.<b></b></font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(B) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Liabilities</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">At the
    Balance Sheet Date the Company had no liabilities known, actual or contingent (including
    contingent liabilities to customers and contingent liabilities for Taxation) which were
    not disclosed, noted or provided for in the Accounts.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(C) <b></b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Plant
    and machinery etc.</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>All
    the fixed and loose plant and machinery, equipment, furniture, fittings and vehicles used
    by the Company at the Balance Sheet Date are reflected in the Accounts, were at the
    Balance Sheet Date and (except for such items as have been disposed of or realised by the
    Company in the ordinary course of business) remain in the absolute beneficial ownership of
    the Company and are free from any encumbrance, hire or hire purchase agreement or leasing
    agreement or agreement for payment on deferred terms and (apart from depreciation in the
    ordinary course of business) their value is not less than at the Balance Sheet Date and
    none has been acquired for any consideration in excess of its net realisable value at the
    date of such acquisition or otherwise than by way of a bargain at arm's length.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(D) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Depreciation</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>Depreciation
    of the fixed assets of the Company has been made at a rate sufficient to write down the
    value of such assets to nil not later than the end of their useful working lives and no
    fixed asset has attributed to it a value exceeding the current market value thereof at the
    Balance Sheet Date.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(E) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Books of
    account</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>All
    accounts, books, ledgers, financial and other necessary records of whatsoever kind of the
    Company (including all invoices and other records required for tax):<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(i) <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>have
    been fully, properly and accurately maintained, are in the possession of the Company and
    contain true and accurate records of all matters including those required to be entered in
    them by applicable laws and no notice or allegation that any of the same is incorrect or
    should be rectified has been received;<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="80%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(ii)
    <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>do
    not contain or reflect any material inaccuracies or discrepancies;<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="80%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(iii)
    <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>give
    and reflect a true and fair view of the matters which ought to appear in them and in
    particular of the financial, contractual and trading position of the Company and of its
    plant and machinery, fixed and current assets and liabilities (actual and contingent),
    debtors and creditors and stock-in trade; and<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="80%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(iv)
    <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>contain
    accurate information in accordance with generally accepted accounting principles in
    Malaysia relating to all transactions to which the Company has been a party and the
    Accounts do not overstate the value of any asset or understate any liability of the
    Company at the Balance Sheet Date.<b></b></font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">6.</font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u> <u>POST
    BALANCE SHEET DATE EVENTS</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u>Since
    the Balance Sheet Date the Company:<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(A) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Business</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>has
    carried on its business in the ordinary and usual course and without entering into any
    transaction, assuming any liability or making any payment not provided for in the Accounts
    which is not in the ordinary course of business and without any interruption or alteration
    in the nature, scope or manner of its business and nothing has been done which would be
    likely to prejudice the interests of the Purchaser as a prospective purchaser of the Sale
    Shares;<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(B) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Financial
    position and prospects</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has not
    experienced any deterioration in its financial or trading position or prospects or
    turnover or suffered any diminution of its assets by the wrongful act of any person and
    the value of its net assets is not less than the value of its net assets as at the
    Accounts Date as shown by the Accounts and the Company has not had its business,
    profitability or prospects adversely affected by the loss of any important customer or
    source of supply or by any abnormal factor not affecting similar businesses to a like
    extent and there are no facts which are likely to give rise to any such effects;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(C)</font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Assets
    and liabilities</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has not
    acquired or disposed of or agreed to acquire or dispose of any assets or assumed or
    incurred or agreed to assume or incur any liabilities (actual or contingent) otherwise
    than in the ordinary course of business;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(D) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Distributions
    and loan repayments</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has not
    declared, made or paid any dividend, bonus or other distribution of capital or income
    (whether a qualifying distribution or otherwise) and (excluding fluctuations in overdrawn
    current accounts with bankers) no loan or loan capital of the Company has been repaid in
    whole or in part or has become due or is liable to be declared due by reason of either
    service of a notice or lapse of time or otherwise howsoever;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(E) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Liability
    to tax</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has not
    carried out or entered into any transaction and no other event has occurred in consequence
    of which (whether alone or together with any one or more transactions or events occurring
    before, on or after the date of this Agreement) any liability of the Company to Taxation
    has arisen or will arise (or would have arisen or would or might arise but for the
    availability of any relief, allowance, deduction or credit) other than profits tax on the
    actual income (not chargeable gains or deemed income) of the Company arising from
    transactions entered into in the ordinary course of business;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(F) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Employees</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has not
    made any change to the remuneration, terms of employment, emoluments or pension benefits
    of any present or former director, officer or employee of the Company who on the Balance
    Sheet Date was entitled to remuneration in excess of RM100,000 (or its equivalent in any
    other currency) per annum and has not appointed or employed any additional director,
    officer or employee entitled as aforesaid;</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(G) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Debts</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has not
    waived or released any debts in whole or in part and has not written off debts in an
    amount exceeding RM100,000.00 (or its equivalent in any other currency) in the aggregate;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(H) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Contracts</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has not
    entered into contracts involving capital expenditure in an amount exceeding in the
    aggregate RM100,000.00 [Ringgit Malaysia One Hundred Thousand only] (or its equivalent in
    any other currency);</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(I) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Resolutions</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">(including
    any class of its members) has not passed any resolution whether in general meeting or
    otherwise;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(J)</font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"> <u>Third
    party rights</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has not
    become aware that any event has occurred which would entitle any third party to terminate
    any contract or any benefit enjoyed by it or call in any money before the normal due date
    therefor;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(K) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Stock-in-trade</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has not
    purchased stocks in quantities or at prices materially greater than was the practice of
    the Company prior to the Balance Sheet Date;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(L) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Creditors</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has paid
    its creditors within the times agreed with such creditors and does not have any debts
    outstanding which are overdue for payment by more than four weeks;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(M) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Borrowings</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">has not
    borrowed or raised any money or taken any financial facility (except such short term
    borrowings from bankers as are within the amount of any overdraft facility which was
    available to the Company at the Balance Sheet Date) or since the Balance Sheet Date
    renegotiated or received any notice from any banker that such banker wishes to renegotiate
    any overdraft facility available to the Company at the Balance Sheet Date.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">8. </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>TRANSACTIONS
    WITH VENDOR AND DIRECTORS</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(A) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Loans
    and debts</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2">There is
    not outstanding:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b>(i) <b></b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><b></b>any
    indebtedness or other liability (actual or contingent) owing by the Company to the Vendor
    or any director of the Company of any of them or owing to the Company by the Vendor or any
    director of the Company; or<b></b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">any
    guarantee or security for any such indebtedness or liability as aforesaid.</font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(B) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Contracts
    and arrangements</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">There is
    not now outstanding, any agreement, arrangement or understanding (whether legally
    enforceable or not) to which the Company is a party or has an interest and in which any of
    the Vendor, or any director of the Company of any of them is interested whether directly
    or indirectly; or</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    is not a party to nor has its profits or financial position during the last 2 years been
    affected by any agreement or arrangement which is not entirely of an arm's length nature.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(C) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Competitive
    interests</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">None of the
    Vendor nor any director of the Company nor any Connected Person of any of them or intends
    to acquire, either individually or collectively, or with any other person or persons, has
    any estate, right or interest, directly or indirectly, in any business other than that now
    carried on by the Company which is or is likely to be or become competitive with the
    business of the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(D) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Intellectual
    Property</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">None of the
    Vendor nor any director of the Company either individually, collectively or with any other
    person or persons are not interested in any way whatsoever in any Intellectual Property
    used and not wholly owned by the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(E) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Benefits</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">None of the
    Vendor nor any director of the Company, is entitled to or has claimed entitlement to any
    remuneration, compensation or other benefit from the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">9. </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>FINANCE</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(A) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Borrowings</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The amount
    borrowed by the Company from each of its bankers does not exceed the overdraft facility
    agreed with such banker.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The total
    amount borrowed by the Company from any source does not exceed any limitation on its
    borrowing contained in the articles of association of the Company or in any debenture or
    loan stock trust deed or instrument or any other document executed by the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    has no outstanding loan capital or loan stock.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Particulars
    of all money borrowed by the Company has been disclosed.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(B) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Debts
    owed to the Company</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    does not own the benefit of any debt (whether present or future) other than debts which
    have accrued to it in the ordinary course of business.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">All debts
    owed to the Company are collectable in the ordinary course of business and each such debt
    will realise in full its face value within three months of its due date for payment.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The debts
    owing to the Company shown in the Accounts (subject to any provision for bad and doubtful
    debts made in the Accounts, as the case may be) were paid in full on their due dates or,
    if any such debts are not yet due, each such debt is not now regarded by the Company or by
    the Vendor as irrecoverable in whole or in part.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(C) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Bank
    accounts</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Particulars
    of the balances on all the Company's bank accounts as at a date not more than seven days
    before the date of this Agreement have been disclosed and the Company has no other bank
    accounts; since the date of such particulars there have been no payments out of any such
    bank accounts except for routine payments and the aggregate balance on all such bank
    accounts is not substantially different from the aggregate balance shown in such
    particulars.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(D) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Financial
    facilities</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">In relation
    to any Encumbrance to which any asset of the Company is subject and in relation to
    debentures, acceptance lines, overdrafts, loans or other financial facilities outstanding
    or available to the Company:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">the Vendor
    have disclosed full details of them and true and correct copies of all documents relating
    to them; and</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">none of the
    Vendor nor the Company has done anything whereby the continuance of any such encumbrance
    or facility in full force and effect might be affected or prejudiced.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(E) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Options,
    guarantees etc</u>.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    is not responsible for the indebtedness of any other person, and in particular but without
    prejudice to the generality of the foregoing is not a party to any option or pre-emption
    right or a party to any guarantee or suretyship or any other obligation (whatever called)
    to pay, purchase or provide funds (whether by the advance of money, the purchase of or
    subscription for shares or other securities or the purchase of assets or services or
    otherwise) for the payment of, or as an indemnity against the consequence of default in
    the payment of, any indebtedness of any other person.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">10.</font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"> <u>TAXATION</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(A) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>General</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"><b></b><b></b></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Notices
    and returns</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>All
    notices, returns and computations of the Company for the purposes of Taxation have been
    made punctually on a proper basis and are correct and none of them is, or is likely to be,
    the subject of any dispute with any fiscal authority.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Payment
    of tax due</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>All
    Taxation which the Company is liable to pay prior to Completion has been or will be so
    paid prior to Completion.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Penalties
    or interest on tax</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    has not paid or become liable to pay any penalty, fine or interest charged by virtue of
    the provisions of any Taxation statute, law, rule or regulation.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u>Compliance
    with tax collection obligations</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(a) </font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">All tax
    deductible and payable under any Taxation statute, law, rule or regulation has, so far as
    is required to be deducted, been deducted from all payments made or treated as made by the
    Company and all amounts due to be paid to all relevant Taxation authorities prior to the
    date of this Agreement have been so paid.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(b) </font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">All
    payments by the Company to any person which ought to have been made under deduction of tax
    have been so made and the Company (if required by law to do so) has accounted to the
    relevant fiscal authority for the tax so deducted.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(c) </font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Proper
    records have been maintained in respect of all such deductions and payments and all
    applicable regulations have been complied with.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(v)</font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>No back
    duty investigation</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    has not in the last 3 years been the subject of a discovery, audit or investigation by any
    Taxation authority and there are no facts which are likely to cause a discovery, audit or
    investigation to be made.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(vi) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Tax
    provision</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Full
    provision or reserve has been made in the Accounts for all Taxation assessed or liable to
    be assessed on the Company or for which it is accountable in respect of income, profits or
    gains earned, accrued or received on or before the Balance Sheet Date, including
    distributions made down to such date or provided for in the Accounts, and proper provision
    has been made in the Accounts for deferred taxation in accordance with internationally
    accepted accounting standards.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(vii) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Anti-avoidance
    provisions</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    has not entered into or been a party to any scheme or arrangement of which the main
    purpose, or one of the main purposes, was the avoidance of or the reduction in liability
    to taxation.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(viii) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Calculation
    of tax liability</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    has sufficient records to permit accurate calculation of the tax liability or relief which
    would arise upon a disposal or realisation on completion of each asset owned by the
    Company at the Balance Sheet Date or acquired by the Company before Completion.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ix) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Claims
    and disclaimers</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    has duly submitted all claims and disclaimers the making of which has been assumed for the
    purposes of the Accounts.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(x) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Sales at
    under-value or over-value</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>The
    Company has not been a party to any sale or other disposal of an asset either at an
    under-value or an over-value.<u></u></font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">11. </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>OTHER
    ASSETS</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(A) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Assets
    and charges</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">All assets
    of the Company which are included in the Accounts or have otherwise been represented as
    being the property of the Company or which were at the Balance Sheet Date used or held for
    the purposes of its business were at the Balance Sheet Date in the absolute beneficial
    ownership of the Company and (except for assets disposed of or realised by the Company in
    the ordinary course of business) the Company is the absolute beneficial owner of and has
    good, marketable title to all such assets and all such assets are in the possession and
    control of the Company and are sited within Malaysia.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">All assets
    which have been acquired by the Company since the Balance Sheet Date are (except as
    aforesaid) now in the absolute beneficial ownership of the Company and in the possession
    and control of the Company and none is the subject of any encumbrance (excepting only
    liens arising in the normal course of trading) nor has the Company created or agreed to
    create any encumbrance or entered into any factoring arrangement, hire-purchase,
    conditional sale or credit sale agreement which has not been disclosed and in respect of
    any such encumbrance, arrangement or agreement so disclosed there has been no default by
    the Company in the performance or observance of any of the provisions thereof.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(B) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Condition
    of assets</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The plant
    and machinery (including fixed plant and machinery) and all vehicles and office and other
    equipment and assets shown in the Accounts or acquired since the Balance Sheet Date or
    otherwise used in connection with the business of the Company which have not been disposed
    of in the ordinary course of business:</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">do not
    contravene any requirement or restriction having the force of law;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">performs in
    accordance with its manufacturers specifications and are in good repair and condition and
    are regularly maintained, fully serviceable and in good working order;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">are each
    capable of doing the work for which they were designed and/or purchased and will each be
    so capable (subject to fair wear and tear) during the period of time over which the value
    of such assets will be written down to nil in the accounts of the Company;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">are not
    surplus to the Company's requirements; and</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(v) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">are not
    dangerous, inefficient, out-of-date, unsuitable or in need of renewal or replacement and
    the vehicles owned by the Company are road-worthy and duly licensed for the purposes for
    which they are used.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(vi) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">maintenance
    contracts are in full force and effect in respect of the computer and all other assets
    owned or used by the Company which it is normal or prudent to have maintained by outside
    or specialist contractors.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(C) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Condition
    of stock-in-trade</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
    Company's stock-in-trade is of merchantable quality and not obsolete, defective or out of
    fashion and is capable of being sold by the Company in the ordinary course of business in
    accordance with its current price list without rebate or allowance to retail purchasers.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(D) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Insurance</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">All the
    assets of the Company which are of an insurable nature have at all material times been and
    are at the date hereof fully insured to their full replacement value against fire and
    other risks normally insured against by companies carrying on similar businesses or owning
    property of a similar nature to those of the Company and the Company has at all material
    times been and is at the date of this Agreement adequately covered against all legal
    liability and risks normally insured against by such companies (including liability to
    employees or third parties for personal injury or loss or damage to property, product
    liability and loss of profit).</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Particulars
    of all policies of insurance of the Company now in force have been disclosed and such
    particulars are true and correct and all premiums due on such policies have been duly paid
    and all such policies are valid and in force and (so far as the Company and the Vendor is
    aware) there are no circumstances which might lead to any liability under such insurance
    being avoided by the insurers or the premiums being increased and there is no claim
    outstanding under such policy nor are the Company and the Vendor aware of any
    circumstances likely to give rise to a claim or cause an application for renewal of such
    policy to be refused.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">No
    insurance company has refused to insure the Property assets or risks of the Company or has
    imposed conditions (by way of increased premiums or otherwise) for such insurance.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(E) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Retention
    of title</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>The
    Company has not acquired or agreed to acquire any material asset on terms that title to
    such asset does not pass to the Company until full payment is made.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(F) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Equipment
    leases etc</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>Rentals
    payable by the Company under any leasing, hire-purchase or other similar agreement to
    which it is a party have not been and are not likely to be increased and all such rentals
    are fully deductible by the Company for tax purposes.<u></u></font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">12. </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>OPERATION</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(A) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Licences,
    permits, consents and authorities</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>The
    Company has all necessary licences (including statutory licences), permits, consents and
    authorities (public and private) for the proper and effective carrying on of its business
    and in the manner in which such business is now carried on and all such licences, permits,
    consents and authorities are valid and subsisting and the Company knows of no reason why
    any of them should be suspended, cancelled or revoked whether in connection with the
    acquisition of the Sale Shares by the Purchaser or otherwise and so far as the Company is
    aware there are no factors that might in any way prejudice the continuance or renewal of
    any of those licences, permits, consents or authorities and the Company is not restricted
    by contract from carrying on any activity in any part of the world.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(B) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Litigation
    and arbitration</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Save as
    plaintiff in the collection of debts (not exceeding RM 100,000 (or its equivalent in any
    other currency) in the aggregate) arising in the ordinary course of business, the Company
    is not now engaged in any litigation or arbitration proceedings and there are no lawsuits
    or arbitration proceedings pending or threatened by or against the Company or any person
    for whose acts or defaults the Company may be vicariously liable.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">No
    injunction has been granted against the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    is not subject to any order or judgment given by any court or governmental agency which is
    still in force.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    has not given any undertaking to any court or to any third party arising out of any legal
    proceedings.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(v)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">There is no
    matter or fact in existence which might give rise to any legal proceedings or arbitration
    involving the Company including any which might form the basis of any criminal prosecution
    against the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(vi) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">No current
    director, officer or employee of the Company has had a bankruptcy petition presented
    against him, is party to any arrangement or compromise under any insolvency legislation,
    or has been disqualified from acting as a director of a company for any period or has been
    convicted of or is at present or has been charged with and not acquitted of any criminal
    offence (other than traffic offences the subject of a fixed penalty fine).</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(vii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">No
    governmental or other investigation or inquiry is in progress or threatened in respect of
    the Company or its business and there are no circumstances likely to lead to any of the
    same.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(C)</font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Delegation
    of powers</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>There
    are in force no powers of attorney given by the Company nor any other authority (express,
    implied or ostensible) given by the Company to any person to enter into any contract or
    commitment or do anything on its behalf other than any authority of employees to enter
    into routine trading contracts in the normal course of their duties.<u></u></font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(D) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Confidentiality</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">No
    disclosure has been made of any of the confidential information, including financial or
    trade secrets, of the Company save in the ordinary course of business of the Company and
    the Company has taken adequate steps to preserve the confidential nature of all such
    information.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(E) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Business
    names</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    does not use on its letterhead, books or vehicles or otherwise carry on its business under
    any name other than its corporate name.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(F) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Records
    of the Company</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">All the
    accounting records, statutory and other books and records (including the register of
    members), and other deeds documents records, data and information of the Company and its
    pension and benefit schemes (if any) are, and have since its incorporation been, kept up
    to date, properly, accurately and consistently completed and are a complete and accurate
    record of all acts and transactions of the Company and of all matters required by law or
    best business practice to be recorded or registered therein; the Company has not received
    any application or request for rectification of any such registers are in the possession
    of the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    does not have any of its records, systems, controls, data or information recorded, stored,
    maintained, operated or otherwise wholly or partly dependent on or held by any means
    (including any electronic, mechanical or photographic process whether computerised or not)
    which (including all means of access thereto and therefrom) are not under the exclusive
    ownership and direct control of the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(G) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Winding
    up, insolvency</u> <u>and receivership</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">No order
    has been made or petition presented or resolution passed for the winding up of the Company
    and no distress, execution or other process has been levied on any of its assets.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    has not stopped payment and is not insolvent nor unable to pay its debts as they fall due.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">No
    administrative or other receiver has been appointed by any person of the business or
    assets of the Company or any part thereof, nor has any order been made or petition
    presented for the appointment of an administrator in respect of the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">There has
    been no delay by the Company in the payment of any material obligation due for payment.</font></td>
  </tr>
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    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(H) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Guarantees,
    warranties and sureties</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>No
    person other than the Company has given any guarantee of or security for any overdraft,
    loan or loan facility granted to the Company.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(I) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Documents</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>All
    title deeds and other documents required to show title to the assets of the Company (duly
    stamped where necessary) and all other documents and agreements to which the Company is a
    party and all other documents, records and correspondence of the Business owned by, or
    which ought to be in the possession of, the Company are in the possession of the Company.<u></u></font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
</b><div align="center"><center>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">13. </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>CONTRACTS</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(A) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Onerous
    contracts</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>There
    are no long term contracts (i.e. contracts not terminable by the Company without penalty
    on six months' notice or less) or onerous or unusual or abnormal contracts (i.e. contracts
    for capital commitments or contracts differing from those necessitated by the ordinary
    course of business) binding upon the Company, nor is the Company a party to any contract
    which contains any onerous or other provision material for disclosure to an intending
    purchaser of the Sale Shares and no expenses or liabilities of a material amount have been
    incurred before the date of this Agreement by the Company otherwise than for the purpose
    of the Company's business.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(B) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Material
    contracts</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>Copies
    of all material contracts to which the Company is a party have been disclosed or will be
    disclosed to the Purchaser during the due diligence to be conducted by the Purchaser
    pursuant to clause 3.2 of the Agreement and, save as those disclosed, the Company is not a
    party to or subject to any agreement, transaction, obligation, commitment, understanding,
    arrangement or liability which:<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">is
    incapable of complete performance in accordance with its terms within six months after the
    date on which it was entered into or undertaken;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">is known by
    the Vendor to be likely to be unprofitable or result in a loss to the Company on
    completion of performance;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">cannot
    readily be fulfilled or performed by the Company on time and without undue or unusual
    expenditure of money and effort;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> involves
    or is likely to involve obligations, restrictions, expenditure or receipts of an unusual,
    onerous or exceptional nature and not in the ordinary course of business;</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(v)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">requires an
    aggregate consideration payable by the Company in excess of RM50,000 (or its equivalent in
    any other currency);</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(vi) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">is a
    contract for services (other than contracts for the supply of electricity or normal office
    services);</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(vii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">requires
    the Company to pay any commission, finder's fee, royalty or the like; or</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(viii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">is in any
    way otherwise than in the ordinary and proper course of the Company's business.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(C)</font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u> <u>Performance
    of contracts</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The terms
    of all contracts of the Company have been complied with by the Company and by the other
    parties to the contracts in all respects and there are no circumstances likely to give
    rise to a default by the Company or by the other parties under any such contract.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">All the
    contracts of the Company except those between the Company and its employees are assignable
    by the Company without the consent of any other party.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">There are
    no outstanding claims, separately or in the aggregate of material amounts, against the
    Company on the part of customers or other parties in respect of defects in quality or
    delays in delivery or completion of contracts or deficiencies of design or performance or
    otherwise relating to liability for goods or services sold or supplied by the Company and
    no such claims are threatened or anticipated and there is no matter or fact in existence
    in relation to goods or services currently sold or supplied by the Company which might
    give rise to the same.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The Company
    has no knowledge of the invalidity of or grounds for rescission, avoidance or repudiation
    of any agreement or other transaction to which the Company is a party and has received no
    notice of any intention to terminate, repudiate or disclaim any such agreement or other
    transaction.</font></td>
  </tr>
</table>
</center></div>

<div align="center"><center>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(D)</font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u> <u>Restrictive
    contracts</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>There
    are no agreements in force restricting the freedom of the Company to provide and take
    goods and services by such means and from and to such persons as it may from time to time
    think fit.<u></u></font></td>
  </tr>
</table>
</center></div><b>

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noShade>
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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">14. </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>EMPLOYEES</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(A) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Particulars
    of employees</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>The
    particulars to be disclosed to the Purchaser during the due diligence to be conducted by
    the Purchaser are true and complete and show in respect of each director, officer and
    employee of the Company his date of birth, the date on which he commenced employment with
    the Company and all remuneration payable and other benefits provided or which the Company
    is bound to provide (whether now or in the future) to each such person and include full
    particulars of all remuneration arrangements (particularly profit sharing, incentive and
    bonus arrangements to which the Company is a party whether binding or not) and each
    director, officer and employee of the Company is listed therein.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(B) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Service
    contracts etc</u>.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">There is no
    contract of service in force between the Company and any of its directors, officers or
    employees which is not terminable by the Company without compensation on one month's
    notice given at any time.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">There are
    no agreements or other arrangements (binding or otherwise) between the Company or any
    employers' or trade association of which the Company is a member and any trades union or
    other body or organisation representing its employees.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(C) </font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u>Benefits</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Compliance
    with contractual obligations</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">There are
    no amounts owing to present or former directors, officers or employees of the Company
    other than not more than one month's arrears of remuneration accrued or due or for
    reimbursement of business expenses incurred within a period of three months preceding the
    date hereof.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Obligations
    provided for in the Accounts</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Save to the
    extent (if any) to which provision or allowance has been made in the Accounts, the Company
    has not made or agreed to make any payment to or provided or agreed to provide any benefit
    for any present or former director, officer or employee of the Company nor any dependent
    of any present or former director, officer or employee of the Company.</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u>Future
    obligations</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>Save
    as disclosed, no moneys or benefits other than in respect of remuneration or emoluments of
    employment are payable to or for the benefit of any present or former director, officer or
    employee of the Company.<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(D)</font></td>
    <td VALIGN="top" width="90%" height="20"><u><font face="Times New Roman" size="2">Liabilities
    and payments</font></u></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u>Save
    to the extent (if any) to which provision or allowance has been made in the Accounts:<u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i)</font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">no
    liability has been incurred or is anticipated by the Company for breach of any contract of
    employment or for services or for severance payments or for redundancy payments or
    protective awards or for compensation for unfair dismissal or for failure to comply with
    any order for the reinstatement or re-engagement of any employee or for any other
    liability accruing from the termination or variation of any contract of employment or for
    services; and</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><b><font face="Times New Roman" size="2"></font></b></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">no
    gratuitous payment has been made or promised by the Company in connection with the actual
    or proposed termination or suspension of employment or variation of any contract of
    employment or for services of any present or former director, officer or employee of the
    Company.</font></td>
  </tr>
</table>
</center></div><b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(E)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b> <u>Relevant
    legislation</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Statutory
    compliance etc.</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>The
    Company has in relation to each of its employees (and so far as relevant to each of its
    former employees) complied with:<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(a) <b></font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>all
    obligations imposed on it by all relevant statutes, regulations and codes of conduct and
    practice affecting its employment of any persons and all relevant orders and awards made
    thereunder and has maintained current, adequate and suitable records regarding the
    service, terms and conditions of employment of each of its employees; and<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(b) <b></font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>all
    collective agreements, recognition agreements and customs and practices for the time being
    affecting its employees or their conditions of service.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Notices</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Company has not been served with any improvement and/or prohibition notices pursuant to
    any applicable employment or health and safety laws, rules and/or regulations and is not
    in breach of any provisions of any of the foregoing.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Claims
    by employees</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>There
    is no liability or claim against the Company from any employee or former employee
    outstanding or anticipated.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(F) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Redundancies</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Within
    a period of one year preceding the date of this Agreement the Company has not given notice
    of any redundancies.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(G) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Termination
    of employment</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>No
    present director, officer or employee of the Company has given or received notice
    terminating his employment except as expressly contemplated under this Agreement and
    Completion of this Agreement will not trigger any &quot;golden parachute&quot; agreement.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(H) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Share
    and other schemes</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Company does not have in existence nor is it proposing to introduce:<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>any
    employee share trust, share incentive scheme, share option scheme or profit sharing scheme
    for the benefit of all or any of its directors, officers or employees; or<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>any
    scheme whereunder any director, officer or employee of the Company is entitled to a
    commission or remuneration of any other sort calculated by reference to the whole or part
    of the turnover, profits or sales of the Company.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(I) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Disputes
    and claims</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>No
    dispute exists or can reasonably be anticipated between the Company and a material number
    or category of its employees and so far as the Vendor is aware there are no wage or other
    claims outstanding against the Company by any person who is now or has been a director,
    officer or employee of the Company.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b>The
    Company has not had during the last three years any strike, work stoppages, slow-down,
    work-to-rule or lock-out by its employees, nor, so far as the Vendor is aware, is any
    anticipated.<b></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>15. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>INTELLECTUAL
    PROPERTY</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Ownership
    and rights</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>General</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Full
    particulars of all Intellectual Property owned or otherwise exploited or used by the
    Company in any part of the world will be disclosed to the Purchaser during the due
    diligence to be conducted by the Purchaser. All Intellectual Property exploited or used by
    the Company is in the absolute beneficial ownership of the Company or the Company is a
    1icensee of the same pursuant to an Intellectual Property Agreement and the Company does
    not own, use, exploit or have any other interest in any Intellectual Property which has
    not been disclosed. In particular but without prejudice to the generality of the
    foregoing, none of the Intellectual Property disclosed is jointly owned by the Company and
    a third party.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Enforcement</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>All
    applications for any Intellectual Property owned, used or otherwise exploited by the
    Company are being diligently prosecuted; patents, registered trademarks and registered
    designs and other similar registered or recorded Intellectual Property rights owned, used
    or otherwise exploited by the Company have been maintained; nothing has been done to
    diminish or otherwise affect the reputation of unregistered trademarks, trade names, brand
    names or get up owned, used or otherwise exploited by the Company; no copying or
    reproduction of the copyright material owned, used or otherwise exploited by the Company
    has been permitted (expressly or by implication); the Technical Information and other
    knowhow owned, used or otherwise exploited by the Company has been kept confidential; and
    (where applicable) all application, registration and renewal fees necessary to procure,
    register, record or maintain the Intellectual Property have been paid.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b> <u>Intellectual
    Property Agreements</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All
    Intellectual Property Agreements have been disclosed and are valid and binding; none has
    been the subject of any breach or default by any party thereto or of any event which with
    notice or lapse of time or both would constitute a default; nor are there any disputes,
    claims or proceedings arising out of or relating to the Intellectual Property Agreements.
    The Company has not authorised or otherwise permitted, expressly or by implication, any
    use whatsoever of the Intellectual Property owned, used or otherwise exploited by the
    Company save insofar as any such authority is contained in the appropriate Intellectual
    Property Agreements. The Company does not use or otherwise exploit any Intellectual
    Property belonging to a third party save insofar as it is licensed to do so in the
    appropriate Intellectual Property Agreements. All such agreements have been duly recorded
    or registered with the proper authorities whenever a requirement to do so exists.<b></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="100%" height="20" colspan="2"><font face="Times New Roman"
    size="2"><p align="center"><u>SCHEDULE 3</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="100%" height="20" colspan="2"><font face="Times New Roman"
    size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="100%" height="20" colspan="2"><font face="Times New Roman"
    size="2"><p align="center"><u>Warranties of the Purchaser</u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="100%" height="20" colspan="2"><font face="Times New Roman"
    size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="100%" height="20" colspan="2"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    size="2"></b>In this Schedule, unless the context otherwise indicates each of the
    Warranties shall be deemed to repeated mutatis mutandis at the date of this Agreement and
    at Completion.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="100%" height="20" colspan="2"><font face="Times New Roman"
    size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>1.0 <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>INTERPRETATION</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b>In this
    schedule where the context admits:<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>&quot;<b>Accounts</b>&quot;
    means the latest audited accounts of the Purchaser and the unaudited consolidated balance
    sheet of the Purchaser made up as at the Balance Sheet Date and the unaudited profit and
    loss accounts of the Purchaser for the period from the beginning of the current financial
    year to the Balance Sheet Date, copies of which are attached hereto marked
    &quot;Appendix&quot;;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b>&quot;<b>Balance
    Sheet Date</b>&quot; means 30 September 2013;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>&quot;<b>Disclosed
    Charges</b>&quot; means, in respect of the Properties, the charges, mortgages or
    encumbrances in favour of independent third parties which have been registered in the
    relevant land registry in its place of business and which remain, as at the date of this
    Agreement and at Completion, undischarged;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>&quot;<b>Intellectual
    Property</b>&quot; means patents, trademarks, service marks, trade names, registered
    designs, designs, copyrights and other forms of intellectual or industrial property (in
    each case in any part of the world and whether or not registered or registrable and for
    the full period thereof and all extensions and renewals thereof and applications for
    registration of or otherwise in connection with the foregoing), know-how, inventions,
    formulae, confidential or secret processes and information, computer programs and
    software, and any other protected rights and assets, and any licences and permissions in
    connection therewith;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>2. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>INFORMATION</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Disclosures</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    facts and information set out in the recitals and, the Schedules and all documents
    attached are true and all information which has been provided in writing to the Vendor or
    its representatives or advisers by the Purchaser or by any director, officer or other
    official of the Purchaser or by their respective professional advisers or other agents was
    when given and is now true and accurate in all material respects. There is no fact or
    matter which has not been disclosed which renders any such information untrue, inaccurate
    or misleading or the disclosure of which might reasonably affect the willingness of the
    Vendor to enter into this Agreement.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Assessment
    of prospects</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    information disclosed to the Vendor or its representatives or professional advisers, by
    the Purchaser and the directors officers or other officials of the Purchaser regarding the
    current trading and prospects of the Purchaser comprises all information which is material
    for the reasonable assessment of the financial and trading prospects of the Purchaser.<b></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>3.<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>COMPLIANCE</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Constitution
    of the Purchaser</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    copy of the memorandum and articles of association of the Purchaser which is provided to
    the Vendor is true and complete in all respects and has embodied in it or annexed to it a
    copy of every such resolution and agreement required by law to be annexed to it and the
    Purchaser has at all times carried on its business and affairs in all respects in
    accordance with its memorandum and articles of association and all such resolutions and
    agreements.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Statutory
    compliance</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser is a duly organised limited liability, company validly existing under the laws
    of the place of its incorporation and has the corporate powers and authorises to carry on
    the business presently carried on by it and to own and hold the assets used therewith. The
    Purchaser has complied with the provisions of all applicable laws, regulations (and all
    orders notices and directions made thereunder) and all applicable codes or practices. All
    returns, particulars, resolutions and other documents required to be filed with or
    delivered to the registrar of companies or to any other authority whatsoever by the
    Purchaser have been correctly and properly prepared and so filed or delivered.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(C) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Binding
    obligation</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has full power to enter into and perform this Agreement and this Agreement will
    constitute, binding obligations on the Purchaser, enforceable in accordance with their
    terms.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>4. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>CAPITAL
    STRUCTURE</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Capital
    of the Purchaser</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Consideration Shares will constitute 90% of the issued common stocks of the Purchaser as
    at the date of issuance of the Consideration Shares. There will be no Encumbrance or other
    form of agreement (including conversion rights and rights of pre-emption) on, over or
    affecting the Consideration Shares or any unissued shares, debentures or other securities
    of the Purchaser and there is no agreement or commitment to give or create any of the
    foregoing, and no claim has been made by any person to be entitled to any of the
    foregoing, and no person has the right (whether exercisable now or in the future and
    whether contingent or not) to call for the issue of any share or loan capital of the
    Purchaser under any of the foregoing.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Ownership</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All the
    Consideration Shares will be solely legally and beneficially owned by and registered in
    the names of the Vendor; and (ii<u>)</u> All the Consideration Shares , and the unissued
    share capital of the Purchaser are free from any Encumbrance and there are no arrangements
    in force or claimed entitling or allegedly entitling any person to any Encumbrance.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(C) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Reorganisation
    of share capital</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has not at any time, other than the issue of shares to the Vendor:<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>repaid,
    redeemed or purchased or agreed to repay, redeem or purchase any of its shares, or
    otherwise reduced or agreed to reduce its issued share capital or any class of it; or<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>capitalised
    or agreed to capitalise in the form of shares, debentures or other securities or in paying
    up any amounts unpaid on any shares, debentures or other securities, any profits or
    reserves of any class or description or passed or agreed to pass any resolution to do so.<b></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(D) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Connected
    business</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b>The
    Purchaser:<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>is not
    and has not agreed to become the holder or beneficial owner of any class of any shares,
    debentures or other securities of any other company (wherever incorporated), save and
    except for the Subsidiaries;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>has not
    been and has not agreed to become a subsidiary of any other company or under the control
    of any group of companies or consortium;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>is not
    and has not at any time been and has not agreed to become a member of any partnership,
    joint venture, consortium or other unincorporated association; and<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>5. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>ACCOUNTS</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>General</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></b>The
    Accounts:<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>will
    once audited be prepared in accordance with the requirements of all relevant laws,
    statutes, with good accounting principles and practices generally accepted for companies
    carrying on a similar business to that of the Purchaser comply with the laws and
    regulations and all relevant statements of standard accounting practice and accounting
    guidelines issued by the relevant authorities, are prepared on a basis consistent with
    preceding accounting periods of the Purchaser and with the books of account of the
    Purchaser and are true and accurate in all material respects;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>disclose
    a true and fair view of the assets and liabilities of the Purchaser at the Balance Sheet
    Date and of its profits for the financial year ended on such date;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>contain
    full provision or reserve for bad and doubtful debts, burdensome contracts or other
    obligations, obsolescent or slow moving stocks and for depreciation on fixed assets, which
    provision or reserve was when made and is now adequate;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iv) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>contain
    a note of all capital commitments of the Purchaser at the Balance Sheet Date, which note
    was when made and is now adequate, fair and not misleading; and <b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(v) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>contain
    full provision or reserves (as appropriate) for all Taxation.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><b></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Liabilities<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>At
    the Balance Sheet Date the Purchaser had no liabilities known, actual or contingent
    (including contingent liabilities to customers and contingent liabilities for Taxation)
    which were not disclosed, noted or provided for in the Accounts.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(C) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Plant
    and machinery etc.<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>All
    the fixed and loose plant and machinery, equipment, furniture, fittings and vehicles used
    by the Purchaser at the Balance Sheet Date are reflected in the Accounts, were at the
    Balance Sheet Date and (except for such items as have been disposed of or realised by the
    Purchaser in the ordinary course of business) remain in the absolute beneficial ownership
    of the Purchaser and are free from any encumbrance, hire or hire purchase agreement or
    leasing agreement or agreement for payment on deferred terms and (apart from depreciation
    in the ordinary course of business) their value is not less than at the Balance Sheet Date
    and none has been acquired for any consideration in excess of its net realisable value at
    the date of such acquisition or otherwise than by way of a bargain at arm's length.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(D) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Depreciation<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>Depreciation
    of the fixed assets of the Purchaser has been made at a rate sufficient to write down the
    value of such assets to nil not later than the end of their useful working lives and no
    fixed asset has attributed to it a value exceeding the current market value thereof at the
    Balance Sheet Date.<b><u></u></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(E) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Books
    of account</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All
    accounts, books, ledgers, financial and other necessary records of whatsoever kind of the
    Purchaser (including all invoices and other records required for tax):<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>have
    been fully, properly and accurately maintained, are in the possession of the Purchaser and
    contain true and accurate records of all matters including those required to be entered in
    them by applicable laws and no notice or allegation that any of the same is incorrect or
    should be rectified has been received;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>do not
    contain or reflect any material inaccuracies or discrepancies;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>give
    and reflect a true and fair view of the matters which ought to appear in them and in
    particular of the financial, contractual and trading position of the Purchaser and of its
    plant and machinery, fixed and current assets and liabilities (actual and contingent),
    debtors and creditors and stock-in trade; and<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iv) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>contain
    accurate information in accordance with generally accepted accounting principles in United
    States of America relating to all transactions to which the Purchaser has been a party and
    the Accounts do not overstate the value of any asset or understate any liability of the
    Purchaser at the Balance Sheet Date.<b></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>6. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>POST
    BALANCE SHEET DATE EVENTS</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b>Since
    the Balance Sheet Date the Purchaser:<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Business</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>has
    carried on its business in the ordinary and usual course and without entering into any
    transaction, assuming any liability or making any payment not provided for in the Accounts
    which is not in the ordinary course of business and without any interruption or alteration
    in the nature, scope or manner of its business and nothing has been done which would be
    likely to prejudice the interests of the Vendor as a prospective shareholder of the
    Purchaser;<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Financial
    position and prospects</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>has not
    experienced any deterioration in its financial or trading position or prospects or
    turnover or suffered any diminution of its assets by the wrongful act of any person and
    the value of its net assets is not less than the value of its net assets as at the
    Accounts Date as shown by the Accounts and the Purchaser has not had its business,
    profitability or prospects adversely affected by the loss of any important customer or
    source of supply or by any abnormal factor not affecting similar businesses to a like
    extent and there are no facts which are likely to give rise to any such effects;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(C)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Assets
    and liabilities</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>has not
    acquired or disposed of or agreed to acquire or dispose of any assets or assumed or
    incurred or agreed to assume or incur any liabilities (actual or contingent) otherwise
    than in the ordinary course of business;<b></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(D) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Distributions
    and loan repayments</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>has
    not declared, made or paid any dividend, bonus or other distribution of capital or income
    (whether a qualifying distribution or otherwise) and (excluding fluctuations in overdrawn
    current accounts with bankers) no loan or loan capital of the Purchaser has been repaid in
    whole or in part or has become due or is liable to be declared due by reason of either
    service of a notice or lapse of time or otherwise howsoever;<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(E)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Liability
    to tax<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>has
    not carried out or entered into any transaction and no other event has occurred in
    consequence of which (whether alone or together with any one or more transactions or
    events occurring before, on or after the date of this Agreement) any liability of the
    Purchaser to Taxation has arisen or will arise (or would have arisen or would or might
    arise but for the availability of any relief, allowance, deduction or credit) other than
    profits tax on the actual income (not chargeable gains or deemed income) of the Purchaser
    arising from transactions entered into in the ordinary course of business;<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(F) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Employees</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>has
    not made any change to the remuneration, terms of employment, emoluments or pension
    benefits of any present or former director, officer or employee of the Purchaser who on
    the Balance Sheet Date was entitled to remuneration in excess of RM100,000 (or its
    equivalent in any other currency) per annum and has not appointed or employed any
    additional director, officer or employee entitled as aforesaid;<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(G) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Debts</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>has
    not waived or released any debts in whole or in part and has not written off debts in an
    amount exceeding USD100,000 (or its equivalent in any other currency) in the aggregate;<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(H) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Contracts</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>has
    not entered into contracts involving capital expenditure in an amount exceeding in the
    aggregate USD100,000 (or its equivalent in any other currency);<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(I) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Resolutions</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>(including
    any class of its members) has not passed any resolution whether in general meeting or
    otherwise;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(J) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Third
    party rights</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>has
    not become aware that any event has occurred which would entitle any third party to
    terminate any contract or any benefit enjoyed by it or call in any money before the normal
    due date therefor;<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Stock-in-trade<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(K) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>has
    not purchased stocks in quantities or at prices materially greater than was the practice
    of the Purchaser prior to the Balance Sheet Date;<b><u></u></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(L) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Creditors<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>has
    paid its creditors within the times agreed with such creditors and does not have any debts
    outstanding which are overdue for payment by more than four weeks;<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(M) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Borrowings</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>has
    not borrowed or raised any money or taken any financial facility (except such short term
    borrowings from bankers as are within the amount of any overdraft facility which was
    available to the Purchaser at the Balance Sheet Date) or since the Balance Sheet Date
    renegotiated or received any notice from any banker that such banker wishes to renegotiate
    any overdraft facility available to the Purchaser at the Balance Sheet Date.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>8. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>TRANSACTIONS
    WITH SHAREHOLDERS AND DIRECTORS</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Loans
    and debts<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></b>There
    is not outstanding:<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>any
    indebtedness or other liability (actual or contingent) owing by the Purchaser to any
    shareholder or director of the Purchaser of any of them or owing to the Purchaser by any
    shareholder or director of the Purchaser; or<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>any
    guarantee or security for any such indebtedness or liability as aforesaid.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Contracts
    and arrangements</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>There
    is not now outstanding, any agreement, arrangement or understanding (whether legally
    enforceable or not) to which the Purchaser is a party or has an interest and in which any
    shareholder or any director of the Purchaser of any of them is interested whether directly
    or indirectly; or<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser is not a party to nor has its profits or financial position during the last 2
    years been affected by any agreement or arrangement which is not entirely of an arm's
    length nature.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(C) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Competitive
    interests<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>No
    shareholder or director of the Purchaser nor any Connected Person of any of them or
    intends to acquire, either individually or collectively, or with any other person or
    persons, has any estate, right or interest, directly or indirectly, in any business other
    than that now carried on by the Purchaser which is or is likely to be or become
    competitive with the business of the Purchaser.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(D) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Intellectual
    Property<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>No
    shareholder or director of the Purchaser either individually, collectively or with any
    other person or persons are not interested in any way whatsoever in any Intellectual
    Property used and not wholly owned by the Purchaser.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(E) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Benefits<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>No
    shareholder or director of the Purchaser, is entitled to or has claimed entitlement to any
    remuneration, compensation or other benefit from the Purchaser.<b><u></u></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>9. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>FINANCE<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Borrowings<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    amount borrowed by the Purchaser from each of its bankers does not exceed the overdraft
    facility agreed with such banker.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    total amount borrowed by the Purchaser from any source does not exceed any limitation on
    its borrowing contained in the articles of association of the Purchaser or in any
    debenture or loan stock trust deed or instrument or any other document executed by the
    Purchaser.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has no outstanding loan capital or loan stock.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iv) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Particulars
    of all money borrowed by the Purchaser has been disclosed.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></b>
    <u>Debts owed to the Purchaser<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser does not own the benefit of any debt (whether present or future) other than
    debts which have accrued to it in the ordinary course of business.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All
    debts owed to the Purchaser are collectable in the ordinary course of business and each
    such debt will realise in full its face value within three months of its due date for
    payment.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    debts owing to the Purchaser shown in the Accounts (subject to any provision for bad and
    doubtful debts made in the Accounts, as the case may be) were paid in full on their due
    dates or, if any such debts are not yet due, each such debt is not now regarded by the
    Purchaser as irrecoverable in whole or in part.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(C) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Bank
    accounts<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>Particulars
    of the balances on all the Purchaser's bank accounts as at a date not more than seven days
    before the date of this Agreement have been disclosed and the Purchaser has no other bank
    accounts; since the date of such particulars there have been no payments out of any such
    bank accounts except for routine payments and the aggregate balance on all such bank
    accounts is not substantially different from the aggregate balance shown in such
    particulars.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(D) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Financial
    facilities<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>In
    relation to any Encumbrance to which any asset of the Purchaser is subject and in relation
    to debentures, acceptance lines, overdrafts, loans or other financial facilities
    outstanding or available to the Purchaser:<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>the
    Purchaser has disclosed full details of them and true and correct copies of all documents
    relating to them; and<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>the
    Purchaser has done anything whereby the continuance of any such encumbrance or facility in
    full force and effect might be affected or prejudiced.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(E) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Options,
    guarantees etc</u>.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>The
    Purchaser is not responsible for the indebtedness of any other person, and in particular
    but without prejudice to the generality of the foregoing is not a party to any option or
    pre-emption right or a party to any guarantee or suretyship or any other obligation
    (whatever called) to pay, purchase or provide funds (whether by the advance of money, the
    purchase of or subscription for shares or other securities or the purchase of assets or
    services or otherwise) for the payment of, or as an indemnity against the consequence of
    default in the payment of, any indebtedness of any other person.<b><u></u></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>10. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>TAXATION<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>General<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Notices
    and returns</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All
    notices, returns and computations of the Purchaser for the purposes of Taxation have been
    made punctually on a proper basis and are correct and none of them is, or is likely to be,
    the subject of any dispute with any fiscal authority.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Payment
    of tax due</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>All
    Taxation which the Purchaser is liable to pay prior to Completion has been or will be so
    paid prior to Completion.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Penalties
    or interest on tax</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>The
    Purchaser has not paid or become liable to pay any penalty, fine or interest charged by
    virtue of the provisions of any Taxation statute, law, rule or regulation.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iv) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Compliance
    with tax collection obligations</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(a) <b></font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All tax
    deductible and payable under any Taxation statute, law, rule or regulation has, so far as
    is required to be deducted, been deducted from all payments made or treated as made by the
    Purchaser and all amounts due to be paid to all relevant Taxation authorities prior to the
    date of this Agreement have been so paid.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(b) <b></font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All
    payments by the Purchaser to any person which ought to have been made under deduction of
    tax have been so made and the Purchaser (if required by law to do so) has accounted to the
    relevant fiscal authority for the tax so deducted.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(c) <b></font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Proper
    records have been maintained in respect of all such deductions and payments and all
    applicable regulations have been complied with.<b></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(v) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>No
    back duty investigation</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has not in the last 3 years been the subject of a discovery, audit or
    investigation by any Taxation authority and there are no facts which are likely to cause a
    discovery, audit or investigation to be made.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(vi) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Tax
    provision</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>Full
    provision or reserve has been made in the Accounts for all Taxation assessed or liable to
    be assessed on the Purchaser or for which it is accountable in respect of income, profits
    or gains earned, accrued or received on or before the Balance Sheet Date, including
    distributions made down to such date or provided for in the Accounts, and proper provision
    has been made in the Accounts for deferred taxation in accordance with internationally
    accepted accounting standards.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(vii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Anti-avoidance
    provisions</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has not entered into or been a party to any scheme or arrangement of which the
    main purpose, or one of the main purposes, was the avoidance of or the reduction in
    liability to taxation.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(viii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Calculation
    of tax liability</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has sufficient records to permit accurate calculation of the tax liability or
    relief which would arise upon a disposal or realisation on completion of each asset owned
    by the Purchaser at the Balance Sheet Date or acquired by the Purchaser before Completion.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ix) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Claims
    and disclaimers</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>The
    Purchaser has duly submitted all claims and disclaimers the making of which has been
    assumed for the purposes of the Accounts.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(x) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Sales
    at under-value or over-value</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has not been a party to any sale or other disposal of an asset either at an
    under-value or an over-value.<b></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>11. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>OTHER
    ASSETS</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Assets
    and charges</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All
    assets of the Purchaser which are included in the Accounts or have otherwise been
    represented as being the property of the Purchaser or which were at the Balance Sheet Date
    used or held for the purposes of its business were at the Balance Sheet Date in the
    absolute beneficial ownership of the Purchaser and (except for assets disposed of or
    realised by the Purchaser in the ordinary course of business) the Purchaser is the
    absolute beneficial owner of and has good, marketable title to all such assets and all
    such assets are in the possession and control of the Company.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All
    assets which have been acquired by the Purchaser since the Balance Sheet Date are (except
    as aforesaid) now in the absolute beneficial ownership of the Purchaser and in the
    possession and control of the Purchaser and none is the subject of any encumbrance
    (excepting only liens arising in the normal course of trading) nor has the Purchaser
    created or agreed to create any encumbrance or entered into any factoring arrangement,
    hire-purchase, conditional sale or credit sale agreement which has not been disclosed and
    in respect of any such encumbrance, arrangement or agreement so disclosed there has been
    no default by the Purchaser in the performance or observance of any of the provisions
    thereof.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Condition
    of assets</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>The
    plant and machinery (including fixed plant and machinery) and all vehicles and office and
    other equipment and assets shown in the Accounts or acquired since the Balance Sheet Date
    or otherwise used in connection with the business of the Purchaser which have not been
    disposed of in the ordinary course of business:<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>do not
    contravene any requirement or restriction having the force of law;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>performs
    in accordance with its manufacturers specifications and are in good repair and condition
    and are regularly maintained, fully serviceable and in good working order;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>are
    each capable of doing the work for which they were designed and/or purchased and will each
    be so capable (subject to fair wear and tear) during the period of time over which the
    value of such assets will be written down to nil in the accounts of the Purchaser;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iv) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>are not
    surplus to the Purchaser's requirements; and<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(v) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>are not
    dangerous, inefficient, out-of-date, unsuitable or in need of renewal or replacement and
    the vehicles owned by the Purchaser are road-worthy and duly licensed for the purposes for
    which they are used.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(vi) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>maintenance
    contracts are in full force and effect in respect of the computer and all other assets
    owned or used by the Purchaser which it is normal or prudent to have maintained by outside
    or specialist contractors.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(C) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Condition
    of stock-in-trade</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>The
    Purchaser's stock-in-trade is of merchantable quality and not obsolete, defective or out
    of fashion and is capable of being sold by the Purchaser in the ordinary course of
    business in accordance with its current price list without rebate or allowance to retail
    purchasers.<b><u></u></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(D) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Insurance<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All the
    assets of the Purchaser which are of an insurable nature have at all material times been
    and are at the date hereof fully insured to their full replacement value against fire and
    other risks normally insured against by companies carrying on similar businesses or owning
    property of a similar nature to those of the Purchaser and the Purchaser has at all
    material times been and is at the date of this Agreement adequately covered against all
    legal liability and risks normally insured against by such companies (including liability
    to employees or third parties for personal injury or loss or damage to property, product
    liability and loss of profit).<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Particulars
    of all policies of insurance of the Purchaser now in force have been disclosed and such
    particulars are true and correct and all premiums due on such policies have been duly paid
    and all such policies are valid and in force and (so far as the Purchaser is aware) there
    are no circumstances which might lead to any liability under such insurance being avoided
    by the insurers or the premiums being increased and there is no claim outstanding under
    such policy and the Purchaser is not aware of any circumstances likely to give rise to a
    claim or cause an application for renewal of such policy to be refused.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>No
    insurance company has refused to insure the Property assets or risks of the Purchaser or
    has imposed conditions (by way of increased premiums or otherwise) for such insurance.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(E)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Retention
    of title<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>The
    Purchaser has not acquired or agreed to acquire any material asset on terms that title to
    such asset does not pass to the Purchaser until full payment is made.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(F)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></b>
    <u>Equipment leases etc<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>Rentals
    payable by the Purchaser under any leasing, hire-purchase or other similar agreement to
    which it is a party have not been and are not likely to be increased and all such rentals
    are fully deductible by the Purchaser for tax purposes.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>12.<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>OPERATION<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Licences,
    permits, consents and authorities<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>The
    Purchaser has all necessary licences (including statutory licences), permits, consents and
    authorities (public and private) for the proper and effective carrying on of its business
    and in the manner in which such business is now carried on and all such licences, permits,
    consents and authorities are valid and subsisting and the Purchaser knows of no reason why
    any of them should be suspended, cancelled or revoked whether in connection with the
    issuance of the Consideration Shares or otherwise and so far as the Purchaser is aware
    there are no factors that might in any way prejudice the continuance or renewal of any of
    those licences, permits, consents or authorities and the Purchaser is not restricted by
    contract from carrying on any activity in any part of the world.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b> <u>Litigation
    and arbitration</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Save as
    plaintiff in the collection of debts (not exceeding RM 100,000 (or its equivalent in any
    other currency) in the aggregate) arising in the ordinary course of business, the
    Purchaser is not now engaged in any litigation or arbitration proceedings and there are no
    lawsuits or arbitration proceedings pending or threatened by or against the Purchaser or
    any person for whose acts or defaults the Purchaser may be vicariously liable.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>No
    injunction has been granted against the Purchaser.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser is not subject to any order or judgment given by any court or governmental
    agency which is still in force.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iv) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has not given any undertaking to any court or to any third party arising out of
    any legal proceedings.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(v) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>There
    is no matter or fact in existence which might give rise to any legal proceedings or
    arbitration involving the Purchaser including any which might form the basis of any
    criminal prosecution against the Purchaser.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(vi) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>No
    current director, officer or employee of the Purchaser has had a bankruptcy petition
    presented against him, is party to any arrangement or compromise under any insolvency
    legislation, or has been disqualified from acting as a director of a company for any
    period or has been convicted of or is at present or has been charged with and not
    acquitted of any criminal offence (other than traffic offences the subject of a fixed
    penalty fine).<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(vii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>No
    governmental or other investigation or inquiry is in progress or threatened in respect of
    the Purchaser or its business and there are no circumstances likely to lead to any of the
    same.<b></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(C) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Delegation
    of powers</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>There
    are in force no powers of attorney given by the Purchaser nor any other authority
    (express, implied or ostensible) given by the Purchaser to any person to enter into any
    contract or commitment or do anything on its behalf other than any authority of employees
    to enter into routine trading contracts in the normal course of their duties.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(D) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Confidentiality</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>No
    disclosure has been made of any of the confidential information, including financial or
    trade secrets, of the Purchaser save in the ordinary course of business of the Purchaser
    and the Purchaser has taken adequate steps to preserve the confidential nature of all such
    information.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(E) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Business
    names</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser does not use on its letterhead, books or vehicles or otherwise carry on its
    business under any name other than its corporate name.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(F) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Records
    of the Purchaser</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All the
    accounting records, statutory and other books and records (including the register of
    members), and other deeds documents records, data and information of the Purchaser and its
    pension and benefit schemes (if any) are, and have since its incorporation been, kept up
    to date, properly, accurately and consistently completed and are a complete and accurate
    record of all acts and transactions of the Purchaser and of all matters required by law or
    best business practice to be recorded or registered therein; the Purchaser has not
    received any application or request for rectification of any such registers are in the
    possession of the Purchaser.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser does not have any of its records, systems, controls, data or information
    recorded, stored, maintained, operated or otherwise wholly or partly dependent on or held
    by any means (including any electronic, mechanical or photographic process whether
    computerised or not) which (including all means of access thereto and therefrom) are not
    under the exclusive ownership and direct control of the Purchaser.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(G) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Winding
    up, insolvency</u> <u>and receivership<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

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  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(i) </font></td>
    <b><td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>No
    order has been made or petition presented or resolution passed for the winding up of the
    Purchaser and no distress, execution or other process has been levied on any of its
    assets.<b></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(ii) </font></td>
    <b><td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has not stopped payment and is not insolvent nor unable to pay its debts as they
    fall due.<b></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iii) </font></td>
    <b><td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>No
    administrative or other receiver has been appointed by any person of the business or
    assets of the Purchaser or any part thereof, nor has any order been made or petition
    presented for the appointment of an administrator in respect of the Purchaser.<b></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <b><td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    </b><td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2">(iv)</font></td>
    <b><td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>There
    has been no delay by the Purchaser in the payment of any material obligation due for
    payment.<b></font></td>
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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(H) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Guarantees,
    warranties and sureties<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>No
    person other than the Purchaser has given any guarantee of or security for any overdraft,
    loan or loan facility granted to the Purchaser.<b><u></u></font></td>
  </tr>
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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(I)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Documents</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>All
    title deeds and other documents required to show title to the assets of the Purchaser
    (duly stamped where necessary) and all other documents and agreements to which the
    Purchaser is a party and all other documents, records and correspondence of the Business
    owned by, or which ought to be in the possession of, the Purchaser are in the possession
    of the Purchaser.<b><u></u></font></td>
  </tr>
</table>
</center></div>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>13. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>CONTRACTS<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Onerous
    contracts<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>There
    are no long term contracts (i.e. contracts not terminable by the Purchaser without penalty
    on six months' notice or less) or onerous or unusual or abnormal contracts (i.e. contracts
    for capital commitments or contracts differing from those necessitated by the ordinary
    course of business) binding upon the Purchaser, nor is the Purchaser a party to any
    contract which contains any onerous or other provision material for disclsure and no
    expenses or liabilities of a material amount have been incurred before the date of this
    Agreement by the Purchaser otherwise than for the purpose of the Purchaser's business.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></b>
    <u>Material contracts<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>Copies
    of all material contracts to which the Purchaser is a party have been disclosed or will be
    disclosed to the Vendor during the due diligence to be conducted by the Vendor pursuant to
    clause 3.3 of the Agreement and, save as those disclosed, the Purchaser is not a party to
    or subject to any agreement, transaction, obligation, commitment, understanding,
    arrangement or liability which:<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>is
    incapable of complete performance in accordance with its terms within six months after the
    date on which it was entered into or undertaken;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>is
    likely to be unprofitable or result in a loss to the Purchaser on completion of
    performance;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>cannot
    readily be fulfilled or performed by the Purchaser on time and without undue or unusual
    expenditure of money and effort;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iv) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>involves
    or is likely to involve obligations, restrictions, expenditure or receipts of an unusual,
    onerous or exceptional nature and not in the ordinary course of business;<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(v)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>requires
    an aggregate consideration payable by the Purchaser in excess of RM50,000 (or its
    equivalent in any other currency);<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(vi) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>is a
    contract for services (other than contracts for the supply of electricity or normal office
    services);<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(vii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>requires
    the Purchaser to pay any commission, finder's fee, royalty or the like; or<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(viii)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b> is in
    any way otherwise than in the ordinary and proper course of the Purchaser's business.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(C)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Performance
    of contracts</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
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  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b> (i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    terms of all contracts of the Purchaser have been complied with by the Purchaser and by
    the other parties to the contracts in all respects and there are no circumstances likely
    to give rise to a default by the Purchaser or by the other parties under any such
    contract.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>All the
    contracts of the Purchaser except those between the Purchaser and its employees are
    assignable by the Purchaser without the consent of any other party.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>There
    are no outstanding claims, separately or in the aggregate of material amounts, against the
    Purchaser on the part of customers or other parties in respect of defects in quality or
    delays in delivery or completion of contracts or deficiencies of design or performance or
    otherwise relating to liability for goods or services sold or supplied by the Purchaser
    and no such claims are threatened or anticipated and there is no matter or fact in
    existence in relation to goods or services currently sold or supplied by the Purchaser
    which might give rise to the same.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iv)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has no knowledge of the invalidity of or grounds for rescission, avoidance or
    repudiation of any agreement or other transaction to which the Purchaser is a party and
    has received no notice of any intention to terminate, repudiate or disclaim any such
    agreement or other transaction.<b></font></td>
  </tr>
</table>
</center></div>

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    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(D) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Restrictive
    contracts<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>There
    are no agreements in force restricting the freedom of the Purchaser to provide and take
    goods and services by such means and from and to such persons as it may from time to time
    think fit.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>14. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>EMPLOYEES<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></b>Particulars
    of employees<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>The
    particulars to be disclosed to the Vendor during the due diligence to be conducted by the
    Vendor are true and complete and show in respect of each director, officer and employee of
    the Purchaser his date of birth, the date on which he commenced employment with the
    Purchaser and all remuneration payable and other benefits provided or which the Purchaser
    is bound to provide (whether now or in the future) to each such person and include full
    particulars of all remuneration arrangements (particularly profit sharing, incentive and
    bonus arrangements to which the Purchaser is a party whether binding or not) and each
    director, officer and employee of the Purchaser is listed therein.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(B) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Service
    contracts etc</u>.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>There
    is no contract of service in force between the Purchaser and any of its directors,
    officers or employees which is not terminable by the Purchaser without compensation on one
    month's notice given at any time.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>There
    are no consultancy or management services agreements in existence between the Purchaser
    and any other person, firm or company.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>There
    are no agreements or other arrangements (binding or otherwise) between the Purchaser or
    any employers' or trade association of which the Purchaser is a member and any trades
    union or other body or organisation representing its employees.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(C) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Benefits</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Compliance
    with contractual obligations</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>There
    are no amounts owing to present or former directors, officers or employees of the
    Purchaser other than not more than one month's arrears of remuneration accrued or due or
    for reimbursement of business expenses incurred within a period of three months preceding
    the date hereof.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Obligations
    provided for in the Accounts</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Save to
    the extent (if any) to which provision or allowance has been made in the Accounts, the
    Purchaser has not made or agreed to make any payment to or provided or agreed to provide
    any benefit for any present or former director, officer or employee of the Purchaser nor
    any dependent of any present or former director, officer or employee of the Purchaser.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Future
    obligations</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>Save
    as disclosed, no moneys or benefits other than in respect of remuneration or emoluments of
    employment are payable to or for the benefit of any present or former director, officer or
    employee of the Purchaser.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(D) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Liabilities
    and payments</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Save to
    the extent (if any) to which provision or allowance has been made in the Accounts:<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>no
    liability has been incurred or is anticipated by the Purchaser for breach of any contract
    of employment or for services or for severance payments or for redundancy payments or
    protective awards or for compensation for unfair dismissal or for failure to comply with
    any order for the reinstatement or re-engagement of any employee or for any other
    liability accruing from the termination or variation of any contract of employment or for
    services; and<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>no
    gratuitous payment has been made or promised by the Purchaser in connection with the
    actual or proposed termination or suspension of employment or variation of any contract of
    employment or for services of any present or former director, officer or employee of the
    Purchaser.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(E) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Relevant
    legislation</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Statutory
    compliance etc.</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has in relation to each of its employees (and so far as relevant to each of its
    former employees) complied with:<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(a) <b></font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>all
    obligations imposed on it by all relevant statutes, regulations and codes of conduct and
    practice affecting its employment of any persons and all relevant orders and awards made
    thereunder and has maintained current, adequate and suitable records regarding the
    service, terms and conditions of employment of each of its employees; and<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(b) <b></font></td>
    <td VALIGN="top" width="70%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>all
    collective agreements, recognition agreements and customs and practices for the time being
    affecting its employees or their conditions of service.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="70%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Notices</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has not been served with any improvement and/or prohibition notices pursuant to
    any applicable employment or health and safety laws, rules and/or regulations and is not
    in breach of any provisions of any of the foregoing.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Claims
    by employees</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>There
    is no liability or claim against the Purchaser from any employee or former employee
    outstanding or anticipated.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(F) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Redundancies</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Within
    a period of one year preceding the date of this Agreement the Purchaser has not given
    notice of any redundancies.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(G) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Termination
    of employment</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>No
    present director, officer or employee of the Purchaser has given or received notice
    terminating his employment except as expressly contemplated under this Agreement and
    Completion of this Agreement will not trigger any &quot;golden parachute&quot; agreement.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(H) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Share
    and other schemes</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>The
    Purchaser does not have in existence nor is it proposing to introduce:<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>any
    employee share trust, share incentive scheme, share option scheme or profit sharing scheme
    for the benefit of all or any of its directors, officers or employees; or<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>any
    scheme whereunder any director, officer or employee of the Purchaser is entitled to a
    commission or remuneration of any other sort calculated by reference to the whole or part
    of the turnover, profits or sales of the Purchaser.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(I)<b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Disputes
    and claims</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>No
    dispute exists or can reasonably be anticipated between the Purchaser and a material
    number or category of its employees and there are no wages or other claims outstanding
    against the Purchaser by any person who is now or has been a director, officer or employee
    of the Purchaser.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>The
    Purchaser has not had during the last three years any strike, work stoppages, slow-down,
    work-to-rule or lock-out by its employees, nor is any anticipated.<b></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>15. <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>INTELLECTUAL
    PROPERTY</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(A) <b></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"></b><u>Ownership
    and rights</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="90%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(i) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>General</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"></b>Full
    particulars of all Intellectual Property owned or otherwise exploited or used by the
    Purchaser in any part of the world will be disclosed to the Vendor during the due
    diligence to be conducted by the Vendor. All Intellectual Property exploited or used by
    the Purchaser is in the absolute beneficial ownership of the Purchaser or the Purchaser is
    a 1icensee of the same pursuant to an Intellectual Property Agreement and the Purchaser
    does not own, use, exploit or have any other interest in any Intellectual Property which
    has not been disclosed. In particular but without prejudice to the generality of the
    foregoing, none of the Intellectual Property disclosed is jointly owned by the Purchaser
    and a third party.<b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(ii) <b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"></b><u>Enforcement</u><b></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>All
    applications for any Intellectual Property owned, used or otherwise exploited by the
    Purchaser are being diligently prosecuted; patents, registered trademarks and registered
    designs and other similar registered or recorded Intellectual Property rights owned, used
    or otherwise exploited by the Purchaser have been maintained; nothing has been done to
    diminish or otherwise affect the reputation of unregistered trademarks, trade names, brand
    names or get up owned, used or otherwise exploited by the Purchaser; no copying or
    reproduction of the copyright material owned, used or otherwise exploited by the Purchaser
    has been permitted (expressly or by implication); the Technical Information and other
    knowhow owned, used or otherwise exploited by the Purchaser has been kept confidential;
    and (where applicable) all application, registration and renewal fees necessary to
    procure, register, record or maintain the Intellectual Property have been paid.<b><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></b>(iii)<b></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></b>Intellectual
    Property Agreements<b></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"><u></u></font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="10%" height="20"><font face="Times New Roman" size="2"></font></td>
    <td VALIGN="top" width="80%" height="20"><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><u></u></b>All
    Intellectual Property Agreements have been disclosed and are valid and binding; none has
    been the subject of any breach or default by any party thereto or of any event which with
    notice or lapse of time or both would constitute a default; nor are there any disputes,
    claims or proceedings arising out of or relating to the Intellectual Property Agreements.
    The Purchaser has not authorised or otherwise permitted, expressly or by implication, any
    use whatsoever of the Intellectual Property owned, used or otherwise exploited by the
    Purchaser save insofar as any such authority is contained in the appropriate Intellectual
    Property Agreements. The Purchaser does not use or otherwise exploit any Intellectual
    Property belonging to a third party save insofar as it is licensed to do so in the
    appropriate Intellectual Property Agreements. All such agreements have been duly recorded
    or registered with the proper authorities whenever a requirement to do so exists.<b><u></u></font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<u>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">SCHEDULE 4</font></p>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">The Subsidiaries</font></p>
</u><div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="640" DIR="LTR" cellpadding="0">
  <tr>
    <td VALIGN="top" width="20%" height="20" align="center"><font face="Times New Roman"
    size="2">1. </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2">Ren Ren
    Media Group Limited </font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20" align="center"><font face="Times New Roman"
    size="2">2.</font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2">Good World
    Investments Limited</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20" align="center"><font face="Times New Roman"
    size="2">3. </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2">A-Team
    Resources Sdn Bhd</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20" align="center"><font face="Times New Roman"
    size="2">4.</font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2"> Beijing
    Ren Ren Health Culture Promotion Limited</font></td>
  </tr>
  <tr>
    <td VALIGN="top" width="20%" height="20" align="center"><font face="Times New Roman"
    size="2">5. </font></td>
    <td VALIGN="top" width="80%" height="20"><font face="Times New Roman" size="2">ATC
    Marketing Limited</font></td>
  </tr>
</table>
</center></div>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<u>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">SCHEDULE 5</font></p>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2"><br /></font></p>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2"><br /> </font></p>

<p ALIGN="CENTER" DIR="LTR"><font face="Times New Roman" size="2">Accounts</font></u></b></p>
<b>

<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<div align="center"><center>
<img SRC="balance.jpg" ALT="BalanceSheet of CLIXSTER MOBILE SDN BHD" WIDTH="800">
</center></div>
<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>

<div align="center"><center>
<img SRC="profit.jpg" ALT="Profit and Loss Statement of CLIXSTER MOBILE SDN BHD" WIDTH="800">
</center></div>
<hr style="PAGE-BREAK-AFTER: always" align="center" color="black" SIZE="1" width="100%"
noShade>
<u><div align="center"><center>

<table border="0" width="640" cellspacing="0" cellpadding="0">
  <tr>
    <td width="100%" height="20" colspan="2"></u><p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">IN
    WITNESS </b>whereof this Agreement has been duly executed by all parties hereto the day
    and year first above written.</font><b><u></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"></u><font face="Times New Roman" size="2">SIGNED </b>by</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">for and on behalf of</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">Samata Ventures Sdn Bhd</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /S/ Dato Dr. Ir. Megat Radzman Megat Khairuddin</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">in the presence of:</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">SIGNED by</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">for and on behalf of</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">Clixster Sdn Bhd</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /S/ Noor Azlan Khamis</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">in the presence of:</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">SIGNED by</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">for and on behalf of</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">China Media Group
    Corporation</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /S/ Mohd Mahyudin Zainal</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">in the presence of:</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"></td>
    <td width="50%" height="20"></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">SIGNED by</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">for and on behalf of</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">Clixster Mobile Sdn.
    Bhd.</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /S/ Noor Azlan Khamis</font></td>
  </tr>
  <tr>
    <td width="50%" height="20"><font face="Times New Roman" size="2">in the presence of:</font></td>
    <td width="50%" height="20"><font face="Times New Roman" size="2">)</font></td>
  </tr>
</table>
</center></div>
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "r8k-102913cmg.htm", "description": "ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT", "secsgml_size_bytes": 563638}]
{"company-data": {"conformed-name": "China Media Group CORP", "cik": "0001211211", "assigned-sic": "7310", "irs-number": "320034926", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50431", "film-number": "131177450"}, "business-address": {"street1": "9901 I.H. 10 WEST", "street2": "SUITE 800", "city": "SAN ANTONIO", "state": "TX", "zip": "78230", "phone": "01186755 61657704"}, "mail-address": {"street1": "9901 I.H. 10 WEST", "street2": "SUITE 800", "city": "SAN ANTONIO", "state": "TX", "zip": "78230"}, "former-company": {"former-conformed-name": "DELIGHTFULLY FROZEN CORP", "date-changed": "20021219"}}
CHINA MEDIA GROUP CORPORATION
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13
OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
____________________________________
Date of Report (Date of
earliest event reported): October 29, 2013
CHINA MEDIA GROUP
CORPORATION
(Exact Name of Registrant as Specified in Charter)
Texas
5813
75-3016844
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
No. 55 Jalan Snuker 13/28, Tadisma Business Park, Section
    13, 40100 Shah Alam, Selangor, Malaysia
n/a
(Address of principal executive offices)
(Zip code)
Registrant's telephone number, including area code:
Tel: +60355197079
Fax: +60355190839
Check
    the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
    filing obligation of the registrant under any of the following provisions:
[   ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)
[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)
[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act(17CFR240.14d-2(b))
[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17CFR240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement
On October 29, 2013, China Media Group Corporation ("CMG" or the
    "Company") ("Purchaser") and Samata Ventures Sdn Bhd and Clixster Sdn.
    Bhd. (jointly referred to as the "Vendors") entered into a conditional Sale and
    Purchase Agreement ("SP Agreement") for the Purchaser to acquire 63.2% equity
    interests in Clixster Mobile Sdn Bhd ("Clixster Mobile") from the Vendors. The
    purchase consideration is the issuance of 10,193,609,664 shares at a price of USD0.01 per
    share in CMG which represents approximately 90% of the enlarged share capital of CMG to
    the Vendors.
This SP Agreement is
    conditional upon the satisfactory due diligence determined at both the Purchaser's and
    Vendor's respective discretion on or before November 30, 2013 (the "Long Stop
    Date"). If either the Purchaser or the Vendor is not satisfied with the due diligence
    on or before the Long Stop Date or any later date as agreed by the parties, then the SP
    Agreement will be cancelled with no effect.
If the SP Agreement is
    successfully closed and CMG issues the above consideration shares to the Vendors, the
    Vendor shall be the new controlling shareholder of the Company, and as such the Company
    shall publish the financial statements of Clixster Mobile and the necessary additional
    filing of information to the public within 4 days of closing the acquisition of Clixster
    Mobile in accordance with the SEC rules and regulations.
Clixster Mobile, a
    company incorporated in Malaysia, is a mobile virtual network operator ("MVNO")
    and principally engaged in providing cellular and mobile broadband services.
The management believes
    this transaction shall contribute to the growth of the Company and is for the best
    interest of the Company.
The SP Agreement is
    attached hereto in Exhibit 10.1.
Item 9.01
Financial Statements and Exhibits
(a)
The financial statements of Clixster Mobile shall be furnished no later than 4 calendar
    days after the transaction is closed.
(b)
The financial statements of Clixster Mobile shall be
    furnished no later than 4 calendar days after the transaction is closed.
(c)
Not applicable.
(d)
Exhibit No. Description - See table below.
Exhibit
Description
Location
Exhibit 10.1
Sale and Purchase Agreement
Provided herewith
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
    the Registrant has duly caused this Current Report to be signed on its behalf by the
    undersigned hereunto duly authorized.
Date: October 29, 2013
CHINA MEDIA GROUP CORPORATION
By:
/s/ MOHD MAHYUDIN ZAINAL
---------------------------------
Name: MOHD MAHYUDIN ZAINAL
Title: President
Exhibit 10.1
Dated the 29
th
day of Oct, 2013
SAMATA VENTURES SDN
    BHD & CLIXSTER SDN BHD
(the Vendor)
and
CHINA MEDIA GROUP CORPORATION
(the "Purchaser")
and
CLIXSTER MOBILE SDN. BHD.
(the "Company")
-----------------------------------------------------------------------------------------------
AGREEMENT
RELATING TO
THE SALE AND PURCHASE OF 63.2% INTEREST
IN
CLIXSTER MOBILE SDN. BHD.
-----------------------------------------------------------------------------------------------
THIS AGREEMENT
is dated the
29
th
day
    of
October, 2013.
BETWEEN:
SAMATA VENTURES SDN BHD (957297-K)
and
CLIXSTER
        SDN BHD (957300-X)
the companies incorporated in Malaysia and having its registered
        office at No 5-4-2 Jalan 2/50, Diamond Square, Off Jalan Gombak, 53000 Kuala Lumpur
        (jointly referred to as the "
Vendor
"); and
CHINA MEDIA GROUP CORPORATION,
a company
        incorporated in Texas, U.S.A. and having its correspondence address in Malaysia at No 55,
        Jalan Snuker 13/28, Tadisma Business Park, Section 13, 40100 Shah Alam, Selangor,
        Malaysia, Malaysia ("
Purchaser
"); and
CLIXSTER MOBILE SDN BHD (982816-U)
a company
        duly incorporated in Malaysia and having its principal place of business at
No 3 Jalan
        Sri Hartamas 7, Taman Sri Hartamas 50480 Kuala Lumpur, Malaysia
("
Company
"
        or "
Clixster
") on the following terms and conditions.
WHEREAS:
The Vendor is the registered and beneficial owner
        of the Sales Shares as defined below. The Company has as at the date hereof issued
        1,000,000 shares which have been fully paid. Brief particulars of the Company are set out
        in
Schedule 1
.
The Purchaser is a company quoted on the Over The
        Counter market in the USA under the symbol "CHMD".
The Company is principally involved in
        telecommunication service provider.
The Vendor has agreed to sell and the Purchaser
        has agreed to purchase the Sale Shares by the issuance of Consideration Shares to the
        Vendor on the terms and conditions of this Agreement.
NOW IT IS HEREBY AGREED AS FOLLOWS:
1.
INTERPRETATION
1.1
In
    this Agreement (including the Recitals and Schedules), unless the context otherwise
    requires, the following words and expressions shall have the following meanings ascribed
    to each of them below:
"Agreement"
this agreement for the sale and purchase of the Sale Shares, as amended or supplemented
    from time to time;
"2012 Accounts"
in respect of both the Company and the Purchaser, their
    balance sheet made up as at 31
st
December 2012 and the profit and loss accounts
    for the year ended on 31
st
December 2012 respectively;
"Audited Profits"
the audited consolidated profits attributable to
    shareholders of the Company for the relevant period prepared under the accounting
    principals of the Company consistently applied;
"Auditors"
the auditors from time to time appointed by the Company
    (or such replacement approved by the Purchaser);
"Business"
such business being engaged by the Company from time to
    time;
"Business Day"
a day (other than Saturdays) on which banks in Malaysia
    are generally open for the transaction of normal banking business;
"Completion Accounts"
in respect of both the Company and the Purchaser, their
    unaudited balance sheet as at the Completion Date and the unaudited profit and loss
    account for the period from 1
st
January 2013 to the Completion Date to be
    prepared by the Company and the Purchaser respectively;
"Completion Date"
the date falling on the fifth (5
th
) Business
    Day after all the conditions set out in
Clause 3.1
have been fulfilled or waived by
    the Purchaser and or the Vendor;
"Completion"
completion of the sale and purchase of the Sale Shares in
    accordance with the terms and conditions of this Agreement;
"Consideration"
the aggregate consideration payable by the Purchaser for
    the purchase of the Sale Shares pursuant to
Clause 4.1
;
"Consideration Shares"
means the 10,193,609,664 shares, representing
90%
of the enlarged common stocks in the Purchaser issued to the Vendor as consideration for
    the Sale Shares set out in Clause 2;
"Encumbrance"
any mortgage, charge, pledge, lien (otherwise than arising
    by statute or operation of law), equities, hypothecation or other encumbrance, priority or
    security interest, deferred purchase, title retention, leasing, sale-and-repurchase or
    sale-and-leaseback arrangement whatsoever over or in any property, assets or rights of
    whatsoever nature and includes any agreement for any of the same;
"Long Stop Date"
30
th
November, 2013 (or such later date the
    parties to this Agreement may agree in writing);
"RM"
means Ringgit Malaysia;
"Sale Shares"
632,000 Shares to be sold by the Vendor to the Purchaser
    which constitute 63.2% of the total issued share capital of the Company (consisting of
    510,000 Shares (51%) from Samata Ventures Sdn Bhd and 122,000 Shares (12.2%) from Clixster
    Sdn Bhd) as at the Completion Date;
"Shares"
shares in the share capital of the Company;
"Subsidiaries"
the subsidiaries of the Purchaser as listed in Schedule 4;
"Taxation"
all forms of taxation whenever created or imposed and
    whether in Malaysia or elsewhere and without limiting the generality of the foregoing,
    includes all forms of profits tax, interest tax, salaries tax, property tax, estate duty,
    stamp duty, sales tax, any provisional tax, customs and import duty and any amount equal
    to any deprivation of any relief, allowance, set off, deduction in computing profits or
    rights to repayment of taxation granted by or pursuant to any legislation concerning or
    otherwise relating to taxation and also includes in addition and without prejudice to the
    foregoing, all fines, penalties, costs, charges, expenses and interests relating thereto;
"Warranties"
(a) in respect of the Company, the representations and
    warranties set out in
Clause 7
and
Schedule 2
;
(b) in respect of the
    Purchaser, the representations and warranties set out in
Clause 8
and
Schedule 3
;
"USD"
means United States Dollars.
1.2
The
    headings of this Agreement are inserted for convenience only and shall be ignored in
    construing this Agreement. Unless the context otherwise requires, references in this
    Agreement to the singular shall be deemed to include references to the plural and vice
    versa; references to one gender shall include all genders and references to any person
    shall include an individual, firm, body corporate or unincorporated.
1.3
References
    in this Agreement to clauses, schedules and exhibits are references to clauses, schedules
    and exhibits of this Agreement and references to sub-clauses and paragraphs are unless
    otherwise stated, references to sub-clauses and paragraphs of the clause, sub-clause or,
    as appropriate, the schedule or the exhibit in which the reference appears.
2.
SALE
    AND PURCHASE OF THE SALE SHARES
2.1
Subject
    to the terms and conditions of this Agreement the Vendor, as beneficial and or registered
    owner of the Sale Shares, shall sell and the Purchaser shall (or the Purchaser's nominee),
    relying on the warranties and indemnities herein contained, purchase the Sale Shares free
    from all Encumbrances together with all rights now or hereafter attaching thereto
    including but not limited to all dividends paid, declared and/or made in respect thereof
    on or after the date of this Agreement in consideration for the Consideration Shares.
3.
CONDITIONS
3.1
Completion
    is conditional upon:
(a)
the
    Purchaser having completed its due diligence (including without limitation, legal,
    financial and commercial aspects) in respect of the Company referred to in
Clause 3.2
below and the results of which are, in the absolute opinion of the Purchaser, satisfactory
    and acceptable to the Purchaser in all respects;
(b)
the Vendor
    having completed its due diligence (including without limitation, legal, financial and
    commercial aspects) in respect of the Purchaser referred to in
Clause 3.3
below and
    the results of which are, in the absolute opinion of the Vendor, satisfactory and
    acceptable to the Vendor in all respects;
(c)
the Vendor
    having obtained all necessary consents and approvals for the transactions contemplated
    under this Agreement (if required) from the relevant governmental or regulatory
    authorities in Malaysia or elsewhere under the relevant applicable laws and regulations;
(d)
the Vendor
    having obtained all necessary Board resolution of the Company for the transfer of the Sale
    Shares to the Purchaser;
(e)
the
    Purchaser having obtained all necessary consents and approvals for the transactions
    contemplated under this Agreement (if required) from the relevant governmental or
    regulatory authorities in United States of America or elsewhere under the relevant
    applicable laws and regulations;
(f)
the
    Purchaser having obtained all necessary Board and/or members resolution for the issuance
    of the Consideration Shares to the Vendor and or its nominee;
(g)
the
    Purchaser has disposed the Subsidiaries;
(h)
there being
    no breach of any of the Warranties.
3.2
In
    relation to
Clause 3.1(a)
, the Vendor shall give and shall procure that the
    Purchaser and/or any persons authorised by it in writing will be given such access to the
    premises and all books, documents, title deeds, records, returns, approvals,
    correspondence and accounts of the Company and all such information relating to the
    Company as may be reasonably requested by or on behalf of the Purchaser to undertake and
    conduct a full due diligence (including but without limitation, in all legal, financial
    and commercial aspects) against the Company and be permitted to take copies of any such
    books, documents, title deeds, records and accounts and that the directors and employees
    of all members of the Company shall be instructed to give promptly all such information
    and explanations to any such persons as aforesaid as may be requested by it or them. For
    the avoidance of doubt, such due diligence shall not limit or otherwise qualify in any way
    the obligations and liabilities of the Vendor under
Clause 7
.
In
    relation to
Clause 3.1(b)
, the Purchaser shall give and shall procure that the
    Vendor and/or any persons authorised by it in writing will be given such access to the
    premises and all books, documents, title deeds, records, returns, approvals,
    correspondence and accounts of the Purchaser and all such information relating to the
    Purchaser as may be reasonably requested by or on behalf of the Vendor to undertake and
    conduct a full due diligence (including but without limitation, in all legal, financial
    and commercial aspects) against the Purchaser and be permitted to take copies of any such
    books, documents, title deeds, records and accounts and that the directors and employees
    of all members of the Purchaser shall be instructed to give promptly all such information
    and explanations to any such persons as aforesaid as may be requested by it or them. For
    the avoidance of doubt, such due diligence shall not limit or otherwise qualify in any way
    the obligations and liabilities of the Purchaser under
Clause 8
.
The
    parties may at any time by notice in writing to the other party waive any of the
    conditions set out in
Clause 3.1
. If (a) any of the conditions set out in
Clause
    3.1
has not been satisfied (or as the case may be, waived by the other party) on or
    before 5:00 p.m. on the Long Stop Date
or
    such later date as the Purchaser may agree; or (b) the party is not satisfied with the
    results of the due diligence conducted according to
Clause 3.2 and 3.3 as appropriate
and
    informs the other party in writing at any time, this Agreement shall cease and determine
    and the parties to this Agreement shall not have any obligations and liabilities hereunder
    save for any antecedent breaches of the terms hereof.
4.
CONSIDERATION
4.1
The
    aggregate consideration for the sale and purchase of the Sale Shares shall be the
    Consideration Shares to the Vendor as its consideration.
5.
COMPLETION
5.1
Completion
    shall take place at the Company's office on the Completion Date at 5:00 p.m. (or at such
    other place and time as the parties may agree) when all the acts and requirements set out
    in this
Clause 5
shall be complied with.
5.2
On
    Completion, the Vendor and or the Company (as the case may be) deliver or procure the
    delivery to the Purchaser of all the following:
(a)
the
    Vendor deliver the relevant instruments of transfer and contract notes in respect of the
    transfer of the Sale Shares duly executed by the Vendor in favour of the Purchaser or such
    other nominee(s) as the Purchaser may direct and such other documents as may be required
    to give a good and effective transfer of title to the Sale Shares to the Purchaser or such
    nominee(s) and to enable the Purchaser or such nominee(s) to become the registered and
    beneficial holder thereof free from all Encumbrances to the Purchaser's satisfaction;
(b)
the
    Vendor deliver definitive share certificates in respect of the Sale Shares and other
    evidence as may be required by the Purchaser showing that the Vendor is the beneficial
    owner of the Sale Shares, free from all Encumbrances;
(c)
the
    Company deliver copies, certified as true and complete by a director of the Company, of
    resolutions of the shareholders meeting/board of directors approving the matters as
    stipulated in
Clauses 5.3
;
(d)
the
    Company shall deliver to the Purchaser in respect of the Company:
(i)
all
    statutory records and minute books (which shall be written up to date as at Completion),
    all unissued share certificates (if any) and all other statutory records then;
(ii)
all common
    seals and all rubber stamps, cheque books, cheque stubs and bank statements, receipt
    books, all current insurance policies, books and accounts and title deeds and evidence of
    ownerships to all assets and all current contracts and all other accounting records;
(iii)
copies of
    all tax returns and assessments (receipted where the due dates for payment fell on or
    before the Completion Date);
(iv)
all
    correspondence and other documents belonging to the Company (including its constitutional
    documents); and
(v)
provided
    that, if the Purchaser so agrees, delivery of all documents and records as referred to in
    this
Clause 5.2(d)
shall be deemed to have been effected where they are situated in
    premises and shall continue to be in the sole occupation of the Company following
    Completion or otherwise in the custody of persons who shall remain officers and/or
    employees of the Company following Completion;
(e)
the
    2012 Accounts (which shall not have any deviation from the Completion Accounts as defined
    in
Schedule 5
); and
(f)
the
    Completion Accounts.
5.3
On
    Completion, the Company shall procure a meeting of the shareholders/directors (as
    appropriate) of the Company at which such matters shall be dealt with and resolved upon as
    the Purchaser shall require for the purposes of giving effect to the provisions of this
    Agreement including:
(a)
approving
    the sale and purchase of the Sale Shares and this Agreement; and
(b)
amending
    the memorandum and articles of association of the Company as may be required by the
    Purchaser in writing prior to the Completion.
5.4
Against
    performance of the obligations by the Vendor and or the Company (as the case may be) under
Clauses 5.2 and 5.3
above, the Purchaser shall:
(a)
deliver
    to the Vendor a certified copy of the directors' and or members' resolutions of the
    Purchaser approving this Agreement, the issuance of the Consideration Shares and the
    resignation of the current directors of the Purchaser; and
(b)
deliver
    to the Vendor in respect of the Purchaser:
{i)
all
    statutory records and minute books (which shall be written up to date as at Completion),
    all unissued share certificates (if any) and all other statutory records then;
(ii)
all common
    seals and all rubber stamps, cheque books, cheque stubs and bank statements, receipt
    books, all current insurance policies, books and accounts and title deeds and evidence of
    ownerships to all assets and all current contracts and all other accounting records;
(iii)
copies of
    all tax returns and assessments (receipted where the due dates for payment fell on or
    before the Completion Date);
(iv)
all
    correspondence and other documents belonging to the Purchaser (including its
    constitutional documents);
provided
    that, if the Vendor so agrees, delivery of all documents and records as referred to in
    this
Clause 5.4(b)
shall be deemed to have been effected where they are situated in
    premises and shall continue to be in the sole occupation of the Company following
    Completion or otherwise in the custody of persons who shall remain officers and/or
    employees of the Company following Completion;
(v)
the 2012
    Accounts (which shall not have any deviation from the Completion Accounts as defined in
Schedule
    5
);
(vi)
the
    Completion Accounts; and
(vii)
such other
    documents as may be reasonably requested by the Vendor.
(c)
resignations
    of each of the current directors of the Purchaser;
(d)
the
    Purchaser shall deliver to the Vendor a certificate or certificates representing the
    Consideration Shares subject to no liens, security interests, pledges, encumbrances,
    charges, restrictions, demands or claims in any other party whatsoever, except as set
    forth in the legend on the certificate, which legend shall provide substantially as
    follows:
"THE
    SHARES (OR OTHER SECURITIES) REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
    UNDER THE SECURITIES ACT OF 1933. THE SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE
    OF SUCH REGISTRATION OR AN OPINION OF COUNSEL THAT AN EXEMPTION FROM REGISTRATION UNDER
    SUCH ACT IS AVAILABLE."
The
    Vendor acknowledges that the Consideration Shares will initially be "restricted
    securities" (as such term is defined in Rule 144 promulgated under the Securities Act
    of 1933, as amended ("Rule 144"), that the Consideration Shares will include the
    foregoing restrictive legend, and, except as otherwise set forth in this Agreement, that
    the Consideration Shares cannot be sold unless registered with the United States
    Securities and Exchange Commission ("SEC") and qualified by appropriate state
    securities regulators, or unless the Vendor obtains written consent from the Purchaser and
    otherwise complies with an exemption from such registration and qualification (including,
    without limitation, compliance with Rule 144)).
Notwithstanding
    Clause 5.4 (b)(i), the Purchaser shall deliver to the Vendor duly executed Letter of
    Instruction to the Share Registrar of the Purchaser for the issuance of the Consideration
    Shares in favour of the Vendor or its nominee.
5.5
If
    the Vendor, the Purchaser or the Company, as appropriate, shall fail to do anything
    required to be done by them under
Clauses 5.2, 5.3 and 5.4
, without prejudice to
    any other right or remedy available to the Vendor, the Purchaser and the Company as
    applicable the applicable party may:
(a)
defer
    Completion to a day not later than 14 days after the date fixed for Completion (and so
    that the provisions of this paragraph (a) shall apply to Completion as so deferred); or
(b)
proceed
    to Completion so far as practicable but without prejudice to the parties' rights to the
    extent that the other party shall not have complied with their obligations hereunder; or
(c)
rescind
    this Agreement without liability on its part.
The
    parties to the Agreement confirm and agree that
Clauses 7
to
12
shall
    survive the Completion.
6.
PRE-COMPLETION
    OBLIGATIONS
6.1
The
    Company and the Purchaser covenants and undertakes that prior to Completion and without
    the prior written consent of the other party , the Company and the Purchaser shall not:
(a)
incur any
    expenditure on capital account or enter into any option in respect of any part of its
    assets;
(b)
dispose of
    or agree to dispose of or grant any option in respect of any part of its assets other than
    the disposal of the Subsidiaries;
(c)
borrow any
    money or make any payments out of or drawings on its bank account(s) other than routine
    payments;
(d)
enter into
    any unusual or abnormal contract or commitment;
(e)
make any
    loan;
(f)
enter into
    any leasing hire purchase or other agreement or arrangements for payment on deferred
    terms;
(g)
declare
    make or pay any dividend or other distribution or do or suffer anything which may render
    its financial position less favourable than as at the date of this Agreement;
(h)
grant or
    issue or agree to grant or issue any mortgages charges debentures or other securities or
    give or agree to give any guarantees or indemnities;
(i)
make any
    change in the terms and conditions of employment or pension benefits of any of its
    directors or employees or employ or terminate (other than for good cause) the employment
    of any person;
(j)
permit any
    of its insurances to lapse or do anything which would make any policy of insurance void or
    voidable;
(k)
create
    issue or grant any option in respect of any class of share or loan capital or agree so to
    do;
(l)
in any
    other way depart from the ordinary course of its respective day-to-day business either as
    regards the nature scope or manner of conducting the same;
(m)
alter any
    provisions of its memorandum or articles of association or other constitutional documents;
(n)
voluntarily
    contravene or fail to comply with any material obligation, statutory or otherwise; or
(o)
do anything
    whereby its financial position will be rendered less favourable than at the date hereof.
7.
VENDOR
    AND THE COMPANY WARRANTIES
7.1
The Vendor
    and the Company warrant and undertake that, as at the Completion Date the Company shall
    have no liability (including known, actual or contingent) other than amounts disclosed in
    the Completion Accounts of not more than RM100,000 and the value of the Company shall be
    no less than
USD156,250,000.00
.
7.2
The Company
    warrants and undertakes to and with the Purchaser that the Warranties are true and
    accurate in all respects as at the date of this Agreement and will continue to be so up to
    and including Completion and agree to use its best endeavours (including taking such
    remedial action as may be necessary) to ensure that the Warranties have remained and will
    remain true and accurate in all respects from the date of signing of this Agreement up to
    the time of Completion and acknowledge that the Purchaser, in entering into this
    Agreement, is relying on, inter alia, such Warranties. For the avoidance of doubt, the
    liabilities and obligations of the Company under the Warranties shall in no circumstances
    be lessened, modified, relieved or otherwise reduced due to any actual or constructive
    knowledge of the Purchaser of any facts or events relating to the business, operations or
    otherwise of the Company, whether such knowledge is gained in the course of the due
    diligence conducted under
Clause 3.2
or otherwise.
7.3
The Company
    and the Vendor has full power to enter into and perform this Agreement and this Agreement
    will constitute, binding obligations on the Vendor, enforceable in accordance with their
    terms.
7.4
The Company
    and the Vendor agrees that the Purchaser shall treat each of the Warranties (to the extent
    that they are applicable to them) as a condition of this Agreement. In addition, each of
    the Warranties is without prejudice to any other Warranty and, except where expressly
    otherwise stated, no provision in any Warranty shall govern or limit the extent or
    application of any other provision in any Warranty.
7.5
The Company
    agrees to fully indemnify and keep the Purchaser and its assignee fully indemnified on
    demand from and against all losses, liabilities, damages, costs and expenses (including
    legal expenses) which the Purchaser and its assignee may incur or sustain from or in
    consequence of any of the Warranties not being correct or fully complied with. This
    indemnity shall be without prejudice to any other rights and remedies of the Purchaser and
    its assignee in relation to any such breach of Warranties and all such rights and remedies
    are hereby reserved.
7.6
The
    Warranties shall survive Completion and the rights and remedies of the Purchaser in
    respect of any breach of the Warranties shall not be affected by Completion or by any
    investigation made by or on behalf of the Purchaser into the affairs of the Company or by
    the Purchaser rescinding, or failing to rescind this Agreement, or failing to exercise or
    delaying the exercise of any right or remedy, or by any other event or matter whatsoever,
    except a specific and duly authorised written waiver or release and no single or partial
    exercise of any right or remedy shall preclude any further or other exercise.
7.7
The
    Purchaser shall be entitled to take action both before and after Completion in respect of
    any breach or non-fulfillment of any of the Warranties and Completion shall not in any way
    constitute a waiver of any right of the Purchaser.
7.8
The Company
    and the Vendor undertake in relation to any Warranty which refers to the knowledge,
    information or belief of the Company that it has made full enquiry into the subject matter
    of that Warranty and that it does not have actual or constructive knowledge, information
    or belief that the subject matter of that Warranty may not be correct, complete or
    accurate.
7.9
If at any
    time before Completion the Company and/or the Vendor come to know of any fact or event
    which:
(a)
is in any
    way inconsistent with any of the undertakings given by the Vendor and or the Company,
    and/or
(b)
suggests
    that any fact warranted may not be as warranted or may be misleading; and/or
(c)
might
    affect the willingness of a prudent purchaser for value of the Sale Shares to complete its
    purchase or the amount of the consideration which such purchaser would be prepared to pay
    for the Sale Shares;
the Company
    and/or the Vendor shall give immediate written notice thereof to the Purchaser in which
    event the Purchaser may within 14 days of receiving such notice rescind this Agreement by
    written notice to the Vendor and the Company.
7.10
If at any
    time before Completion, the Purchaser finds that any of the Warranties is incorrect or has
    not been or is (in the reasonable opinion of the Purchaser) incapable of being rectified
    the Purchaser may rescind this Agreement by written notice to the Vendor and the Company.
7.11
The
    Purchaser's rights under the above clauses are in addition to and without prejudice to all
    other rights and remedies available to it and its exercise of or its failure to exercise
    its rights under any of the above clauses shall not constitute a waiver of or prejudice
    any of its other rights under this Agreement.
7.12
The Company
    and the Vendor hereby represents and warrant to the Purchaser that the warranties set out
    in
Schedule 2
are true and correct in all respects as at the date of this Agreement
    and will continue to be so up to and including the Completion Date.
7.13
Notwithstanding
    any term in this Agreement, the maximum liability of the Company and the Vendors for
    breach or non-fulfillment of the Warranties shall be such sum that is equal to the amount
    of the Consideration.
8.
PURCHASER'S
    WARRANTIES
8.1
The
    Purchaser warrants and undertakes that, as at the Completion Date the Purchaser shall have
    no liability (including known, actual or contingent) other than amounts disclosed in the
    Completion Accounts of not more than USD100,000.00 other than the shareholder loan of and
    related parties debts of not more than USD3,000,000.
8.2
The
    Purchaser warrants and undertakes to and with the Vendor that the Warranties are true and
    accurate in all respects as at the date of this Agreement and will continue to be so up to
    and including Completion and agree to use its best endeavours (including taking such
    remedial action as may be necessary) to ensure that the Warranties have remained and will
    remain true and accurate in all respects from the date of signing of this Agreement up to
    the time of Completion and acknowledge that the Vendor, in entering into this Agreement,
    is relying on, inter alia, such Warranties. For the avoidance of doubt, the liabilities
    and obligations of the Purchaser under the Warranties shall in no circumstances be
    lessened, modified, relieved or otherwise reduced due to any actual or constructive
    knowledge of the Vendor of any facts or events relating to the business, operations or
    otherwise of the Purchaser, whether such knowledge is gained in the course of the due
    diligence conducted under
Clause 3.3
or otherwise.
8.3
The
    Purchaser has full power to enter into and perform this Agreement and this Agreement will
    constitute, binding obligations on the Purchaser, enforceable in accordance with their
    terms.
8.4
The
    Purchaser agrees that the Vendor shall treat each of the Warranties (to the extent that
    they
are
    applicable to them) as a condition of this Agreement. In addition, each of the Warranties
    is without prejudice to any other Warranty and, except where expressly otherwise stated,
    no provision in any Warranty shall govern or limit the extent or application of any other
    provision in any Warranty.
8.5
The
    Purchaser agrees to fully indemnify and keep the Vendor and its assignee fully indemnified
    on demand from and against all losses, liabilities, damages, costs and expenses (including
    legal expenses) which the Vendor and its assignee may incur or sustain from or in
    consequence of any of the Warranties not being correct or fully complied with. This
    indemnity shall be without prejudice to any other rights and remedies of the Vendor and
    its assignee in relation to any such breach of Warranties and all such rights and remedies
    are hereby reserved.
8.6
The
    Warranties shall survive Completion and the rights and remedies of the Vendor in respect
    of any breach of the Warranties shall not be affected by Completion or by any
    investigation made by or on behalf of the Vendor into the affairs of the Purchaser or by
    the Vendor rescinding, or failing to rescind this Agreement, or failing to exercise or
    delaying the exercise of any right or remedy, or by any other event or matter whatsoever,
    except a specific and duly authorised written waiver or release and no single or partial
    exercise of any right or remedy shall preclude any further or other exercise.
8.7
The
    Vendor shall be entitled to take action both before and after Completion in respect of any
    breach or non-fulfillment of any of the Warranties and Completion shall not in any way
    constitute a waiver of any right of the Vendor.
8.8
The
    Purchaser undertakes in relation to any Warranty which refers to the knowledge,
    information or belief of the Purchaser that it has made full enquiry into the subject
    matter of that Warranty and that it does not have actual or constructive knowledge,
    information or belief that the subject matter of that Warranty may not be correct,
    complete or accurate.
8.9
If
    at any time before Completion the Vendor comes to know of any fact or event which:
(a)
is in any
    way inconsistent with any of the undertakings given by the Purchaser, and/or
(b)
suggests
    that any fact warranted may not be as warranted or may be misleading; and/or
(c)
might
    affect the willingness of the Vendor to accept the Consideration Shares or the amount of
    the consideration which the Vendor would be prepared to accept for the Sale Shares;
the
    Vendor shall give immediate written notice thereof to the Purchaser in which event the
    Vendor may within 14 days of receiving such notice rescind this Agreement by written
    notice to the Purchaser.
8.10
If
    at any time before Completion, the Vendor finds that any of the Warranties is incorrect or
    has not been or is (in the reasonable opinion of the Vendor) incapable of being rectified
    the Vendor may rescind this Agreement by written notice to the Purchaser.
8.11
The
    Vendor's rights under the above clauses are in addition to and without prejudice to all
    other rights and remedies available to it and its exercise of or its failure to exercise
    its rights under any of the above clauses shall not constitute a waiver of or prejudice
    any of its other rights under this Agreement.
8.12
The
    Purchaser hereby represents and warrant to the Vendor that the warranties set out in
Schedule
    3
are true and correct in all respects as at the date of this Agreement and will
    continue to be so up to and including the Completion Date.
8.13
Notwithstanding
    any term in this Agreement, the maximum liability of the Purchaser for breach or
    non-fulfillment of the Warranties shall be such sum that is equal to the value of the
    Consideration Shares.
9.
COVENANTS
    BY THE PURCHASER
9.1
The
    Purchaser hereby covenants and agrees with the Vendor and the Company as follows:
(a)
the
    Purchaser has taken and will take all necessary and required corporate measures,
    proceedings and actions to authorize and enable the Purchaser to enter into and deliver
    this Agreement and to perform its obligations hereunder and to issue the Consideration
    Shares to the Vendor in accordance with the terms of this Agreement;
(b)
upon
    Completion, the Consideration Shares to be issued to the Vendor pursuant to this Agreement
    will be duly authorized, validly allotted and issued as fully paid, in compliance with
    applicable corporate and securities laws;
(c)
the
    Purchaser shall use its commercially reasonable efforts to obtain from its directors,
    shareholders and all appropriate governmental or regulatory entities such approvals,
    permits or consents as are required (if any) to complete the transactions contemplated
    herein;
(d)
the
    Purchaser shall use its commercially reasonable efforts to obtain the regulatory approvals
    of the relevant securities authorities (where required) for the transactions contemplated
    herein and the issuance of the Consideration Shares pursuant to this Agreement. In that
    regard, the Purchaser shall provide the Vendor with all communications sent to or received
    from the relevant securities authorities in connection therewith;
(e)
the Purchaser will maintain its corporate status and comply with all applicable corporate
    and securities laws and requirements (including any applicable filing requirements) prior
    to the Completion Date;
(f)
the
    Purchaser covenants and agrees that from the date hereof until the Completion Date or the
    earlier termination of this Agreement (whichever is first), the Purchaser shall not take
    any action, or fail to take any action, which would or may reasonably be expected to
    result in the representations and warranties set out in Clause 8 being untrue in any
    material respect at any time prior to the Completion Date or termination of this
    Agreement, whichever is first;
(g)
the
    Purchaser shall use all commercially reasonable efforts to ensure that, on the Completion
    Date, unless otherwise agreed between the Vendor and the Purchaser, the board of directors
    of the Purchaser is reconstituted
so that a majority of the board of directors of the
    Purchaser shall consist
of members nominated by the Vendor;
(h)
the
    Purchaser shall use all commercially reasonable efforts to consummate the transactions
    contemplated in this Agreement;
(i)
the
    Purchaser shall, as promptly as practicable hereafter, prepare and file all filings
    required under any securities laws, the rules and policies of the relevant securities
    authorities or any other applicable laws relating to the transactions contemplated in this
    Agreement;
(j)
subject
    to the terms and conditions of this Agreement and subject to fiduciary obligations under
    applicable laws, use all commercially reasonable efforts to take, or cause to be taken,
    all action and to do, or cause to be done, all things necessary, proper or advisable to
    consummate and make effective as promptly as practicable the transactions contemplated by
    this Agreement and to cooperate with the Vendor in connection with the foregoing,
    including, as applicable, using commercially reasonable efforts:
(i)
to obtain
    all necessary waivers, consents and approvals from other parties to material agreements,
    leases and other contracts or agreements;
(ii)
to defend
    all lawsuits or other legal proceedings challenging this Agreement or the consummation of
    the transactions contemplated hereby;
(iii)
to cause to
    be lifted or rescinded any injunction or restraining order or other order adversely
    affecting the ability of the Parties to consummate the transactions contemplated hereby;
    and
(iv)
to effect
    all necessary registrations and other filings and submissions of information requested by
    any governmental or regulatory authority.
10.
ACCESS
    TO INFORMATION AND FURTHER ASSURANCE
10.1
The
    Company and the Vendor shall assist the Purchaser, its agents, representatives and
    professional advisers in obtaining promptly on request full access to all such facilities
    and information regarding the business, assets, liabilities, contracts and affairs of the
    Company and other evidence of ownership of the assets owned by the Company as the
    Purchaser may require.
10.2
The
    Purchaser shall assist the Vendor, its agents, representatives and professional advisers
    in obtaining promptly on request full access to all such facilities and information
    regarding the business, assets, liabilities, contracts and affairs of the Purchaser and
    other evidence of ownership of the assets owned by the Purchaser as the Vendor may
    require.
10.3
The
    Company and/or the Vendor shall execute, do and perform or procure to be executed, done
    and performed by other necessary persons all such further acts, agreements, assignments,
    assurances, deeds and documents as the Purchaser may require effectively to vest the
    registered and beneficial ownership of the Sale Shares in the Purchaser free from all
    Encumbrances and with all rights now and hereafter attaching thereto and to give effect to
    any matter provided for herein.
11.
CONFIDENTIALITY
    AND ANNOUNCEMENTS
11.1
Each
    of the parties undertakes to the others that it will not, at any time after the date of
    this Agreement, divulge or communicate to any person other than to its professional
    advisers, or when required by law or any rule of any relevant stock exchange body, or to
    its respective officers or employees whose province is to know the same any confidential
    information concerning the business, accounts, finance or contractual arrangements or
    other dealings, transactions or affairs of any of the others which may be within or may
    come to its knowledge and it shall use its best endeavours to prevent the publication or
    disclosure of any such confidential information concerning such matters.
11.2
No
    public announcement or communication of any kind shall be made in respect of the subject
    matter of this Agreement unless specifically agreed between the parties or unless an
    announcement is required pursuant to the applicable laws and the regulations or the
    requirements of any regulatory body or authority. Any announcement by any party required
    to be made pursuant to any relevant laws or regulation or the requirements of the any
    regulatory body or authority shall be issued only after such prior consultation with the
    other party as is reasonably practicable in the circumstances.
12.
INDEMNIFICATION
The
    Purchaser hereby covenants and agrees with the Vendor and the Company to indemnify and
    save harmless the Vendor and the Company from and against any claims which may be made or
    brought against such Party or which such Party may suffer or incur as a result of, or
    arising out of any non-fulfilment of any covenant or agreement on the part of the
    Purchaser under this Agreement or any incorrectness in or breach of any representation or
    warranty of the Purchaser contained in this Agreement.
13.
EXCLUSIVITY
From
    the date of this Agreement until the earlier of the Completion Date or the date on which
    this Agreement is terminated, the Purchaser and its directors, officers, representatives
    and agents will not:
(a)
solicit
    directly or indirectly, or cause, or facilitate anyone else to solicit any offer
    (conditional or otherwise) similar to the one contemplated herein;
(b)
provide
    information concerning its securities, assets or business to anyone for or in furtherance
    of anything mentioned in Clause 13(a).
14.
TERMINATION
14.1
This Agreement may, by notice in writing given prior to the Completion Date,
    be terminated:
(a)
by
    mutual consent of the parties hereto;
(b)
by
    either the Vendor or the Purchaser if any of the conditions set forth herein for its
    benefit has not been fulfilled or waived prior to the Completion Date; or
(c)
by
    either the Vendor or the Purchaser if the transactions contemplated herein is not
    consummated by the expiry of six (6) months from the date of this Agreement, or such other
    date as may be agreed to by the Vendor and the Purchaser.
14.2
Each Party's right of termination under this Clause 14 is in addition to any
    other rights it may have under this Agreement or otherwise, and the exercise of a right of
    termination will not be an election of remedies. Nothing in Clause 14 shall limit or
    affect any other rights or causes of action which the Parties may have with respect to the
    representations, warranties, covenants and indemnities in its favour contained in this
    Agreement.
15.
GENERAL
15.1
This
    Agreement constitutes the entire agreement between the parties hereto with respect to the
    matters dealt with herein and supersedes all previous agreements, arrangements,
    statements, understandings or transactions between the parties hereto in relation to the
    matters hereof and the parties acknowledge that no claim shall arise in respect of any
    agreement so superseded.
15.2
Any
    variation to this Agreement shall be binding only if recorded in a document signed by all
    the parties hereto.
15.3
Time
    shall be of the essence of this Agreement but no failure by any party to exercise, and no
    delay on its part in exercising any right hereunder will operate as a waiver thereof, nor
    shall any single or partial exercise of any right under this Agreement (including a
    settlement with the Vendor) preclude any other or further exercise of it or the exercise
    of any right or prejudice or affect any right against any person under the same liability
    whether joint, several or otherwise. The rights and remedies provided in this Agreement
    are cumulative and not exclusive of any rights or remedies provided by law.
15.4
This
    Agreement shall be binding upon and enure for the benefit of the successors of the parties
    but shall not be assignable.
15.5
All
    provisions of this Agreement, in so far as the same shall not have been performed at
    Completion, shall remain in full force and effect notwithstanding Completion.
15.6
If
    any provision of this Agreement shall be held to be illegal or unenforceable, the
    enforceability of the remainder of this Agreement shall not be affected.
15.7
Time
    shall be of the essence as regards any date or period mentioned in this Agreement and any
    date or period substituted for the same by agreement of the parties hereto or otherwise.
16.
NOTICES
Any
    notice required to be given by any party hereto to any other shall be deemed validly
    served by hand delivery or by prepaid registered letter sent through the post (airmail if
    to an overseas address) or by facsimile transmission to its address given herein or such
    other address as may from time to time be notified for this purpose and any notice served
    by hand shall be deemed to have been served on delivery, any notice served or by facsimile
    transmission shall be deemed to have been served when sent and any notice served by
    prepaid registered letter shall be deemed to have been served 48 hours (72 hours in the
    case of a letter sent by airmail to an address in another country) after the time at which
    it was posted and in providing service it shall be sufficient (in the case of service by
    hand and prepaid registered letter) to provide that the notice was properly addressed and
    delivered or posted, as the case may be, and in the case of service by facsimile
    transmission to prove that the transmission was confirmed as sent by the originating
    machine.
17.
COSTS
    AND STAMP DUTY
17.1
Each
    party shall bear its own costs and expenses (including legal fees) incurred in connection
    with the preparation, negotiation, execution and performance of this Agreement and all
    documents incidental or relating to Completion.
17.2
All
    stamp duty (if any) payable in connection with the sale and purchase of the Sale Shares
    shall be borne by the Vendor and the Purchaser in equal shares.
18.
GOVERNING
    LAW AND JURISDICTION
18.1
This
    Agreement shall be governed by and construed in accordance with the laws of Malaysia.
18.2
In
    relation to any legal action or proceedings to enforce this Agreement or arising out of or
    in connection with this Agreement (?B>proceedings? each of the parties irrevocably
    submits to the non-exclusive jurisdiction of the Malaysian courts and waives any objection
    to proceedings in that court on the grounds of venue or on the grounds that the
    proceedings have been brought in any inconvenient forum.
18.3
These
    submissions shall not affect the right of any party to take proceedings in any other
    jurisdiction nor shall the taking of proceedings in any jurisdiction preclude any party
    from taking proceedings in any other jurisdiction.
19.
LEGAL
    REPRESENTATION
Each
    parties confirms and acknowledges to the other that he/it has sought separate legal
    representation and is fully aware of the provisions of this Agreement and the transactions
    contemplated herein before entering into this Agreement.
COUNTERPARTS
20.
This
    Agreement may be executed in one or more counter parts each of which shall be binding on
    each party by whom or on whose behalf it is so executed, but which together shall
    substitute a single instrument. For the avoidance of doubt, this Agreement shall not be
    binding on any party hereto unless and until it shall have been executed by or on behalf
    of all persons expressed to be a party hereto.
SCHEDULE 1
Particulars of the
Company
Company
    Name
:
CLIXSTER
    MOBILE SDN. BHD.
Registered
    Address
:
No. 5-4-2,
    Jalan 2/50
Diamond
    Square
Off Jalan
    Gombak
53000 Kuala
    Lumpur
Malaysia
Principal
    Address
:
No 3 Jalan
    Sri Hartamas 7
Taman Sri
    Hartamas
50480
    KualaLumpur
Malaysia
Board of
    Directors
:
Megat
    Radzman bin Megat Khairuddin
Noor Azlan
    bin Khamis
Azrinaz
    Mazhar binti Hakim Mazhar
Auditors
:
-
Issued
    Share Capital
:
1,000,000
    shares of RM1.00 each
Shareholder
1,000,000
    shares issued and held by :.
(a) Samata
    Ventures Sdn Bhd - 510,000 shares
(b)
    Clixster Sdn Bhd - 490,000 shares
SCHEDULE 2
Warranties of the
Company
In this Schedule, unless the context otherwise indicates each of the
    Warranties shall be deemed to repeated mutatis mutandis at the date of this Agreement and
    at Completion.
1.0
INTERPRETATION
In
    this schedule where the context admits:-
"
Accounts
"
    means the latest audited accounts of the Company and the unaudited consolidated balance
    sheet of the Company made up as at the Balance Sheet Date and the unaudited profit and
    loss accounts of the Company for the period from the beginning of the current financial
    year to the Balance Sheet Date, copies of which are attached hereto marked
    "Appendix";
"
Balance
    Sheet Date
" means 30 September 2013;
"
Disclosed
    Charges
" means, in respect of the Properties, the charges, mortgages or
    encumbrances in favour of independent third parties which have been registered in the
    relevant land registry in its place of business and which remain, as at the date of this
    Agreement and at Completion, undischarged;
"
Intellectual
    Property
" means patents, trademarks, service marks, trade names, registered
    designs, designs, copyrights and other forms of intellectual or industrial property (in
    each case in any part of the world and whether or not registered or registrable and for
    the full period thereof and all extensions and renewals thereof and applications for
    registration of or otherwise in connection with the foregoing), know-how, inventions,
    formulae, confidential or secret processes and information, computer programs and
    software, and any other protected rights and assets, and any licences and permissions in
    connection therewith;
2.
INFORMATION
(A)
Disclosures
The facts
    and information set out in the recitals and, the Schedules and all documents attached are
    true and all information which has been provided in writing to the Purchaser or its
    representatives or advisers by the Vendor or by any Director, officer or other official of
    the Company or by their respective professional advisers or other agents was when given
    and is now true and accurate in all material respects. There is no fact or matter which
    has not been disclosed which renders any such information untrue, inaccurate or misleading
    or the disclosure of which might reasonably affect the willingness of a willing purchaser
    to purchase the Sale Shares in accordance with the provisions of this Agreement.
(B)
Assessment
    of prospects
The
    information disclosed to the Purchaser or its representatives or professional advisers, by
    the Vendors and the Directors officers or other officials of the Company regarding the
    current trading and prospects of the Company comprises all information which is material
    for the reasonable assessment of the financial and trading prospects of the Company.
3.
COMPLIANCE
(A)
Constitution
    of the Company
The copy of
    the memorandum and articles of association of the Company which is provided to the
    Purchaser is true and complete in all respects and has embodied in it or annexed to it a
    copy of every such resolution and agreement required by law to be annexed to it and the
    Company has at all times carried on its business and affairs in all respects in accordance
    with its memorandum and articles of association and all such resolutions and agreements.
(B)
Statutory
    compliance
The Company
    is a duly organised limited liability, company validly existing under the laws of the
    place of its incorporation and has the corporate powers and authorises to carry on the
    business presently carried on by it and to own and hold the assets used therewith. The
    Company has complied with the provisions of all applicable laws, regulations (and all
    orders notices and directions made thereunder) and all applicable codes or practices. All
    returns, particulars, resolutions and other documents required to be filed with or
    delivered to the registrar of companies or to any other authority whatsoever by the
    Company have been correctly and properly prepared and so filed or delivered.
4.
CAPITAL
    STRUCTURE
(A)
Capital
    of the Compan
y
The Sale
    Shares together constitute 100% of the issued share capital of the Company as at the date
    of this Agreement and are fully paid up. There is no Encumbrance or other form of
    agreement (including conversion rights and rights of pre-emption) on, over or affecting
    the Sale Shares or any unissued shares, debentures or other securities of the Company and
    there is no agreement or commitment to give or create any of the foregoing, and no claim
    has been made by any person to be entitled to any of the foregoing, and no person has the
    right (whether exercisable now or in the future and whether contingent or not) to call for
    the issue of any share or loan capital of the Company under any of the foregoing.
(B)
Ownership
(i)
All the
    Sale Shares are solely legally and beneficially owned by and registered in the names of
    the Vendor; and
(ii)
All the
    Sale Shares, and the unissued share capital of the Company are free from any Encumbrance
    and there are no arrangements in force or claimed entitling or allegedly entitling any
    person to any Encumbrance.
(C)
Reorganisation
    of share capital
The Company
    has not at any time, other than the issue of shares to the Vendor:
(i)
repaid,
    redeemed or purchased or agreed to repay, redeem or purchase any of its shares, or
    otherwise reduced or agreed to reduce its issued share capital or any class of it; or
(ii)
capitalised
    or agreed to capitalise in the form of shares, debentures or other securities or in paying
    up any amounts unpaid on any shares, debentures or other securities, any profits or
    reserves of any class or description or passed or agreed to pass any resolution to do so.
(D)
Connected
    business
The
    Company:
(i)
is not
    and has not agreed to become the holder or beneficial owner of any class of any shares,
    debentures or other securities of any other company (wherever incorporated);
(ii)
has
    not been and has not agreed to become a subsidiary of any other company or under the
    control of any group of companies or consortium;
(iii)
is
    not and has not at any time been and has not agreed to become a member of any partnership,
    joint venture, consortium or other unincorporated association; and
(iv)
has no
    branch, place of business, permanent establishment or substantial assets outside of
    Malaysia.
5.
ACCOUNTS
(A)
General
The
    Accounts:
(i)
will
    once audited be prepared in accordance with the requirements of all relevant laws,
    statutes, with good accounting principles and practices generally accepted at the date
    hereof in Malaysia for companies carrying on a similar business to that of the Company
    comply with the laws and regulations and all relevant statements of standard accounting
    practice and accounting guidelines issued by the relevant authorities, are prepared on a
    basis consistent with preceding accounting periods of the Company and with the books of
    account of the Company and are true and accurate in all material respects;
(ii)
disclose
    a true and fair view of the assets and liabilities of the Company at the Balance Sheet
    Date and of its profits for the financial year ended on such date;
(iii)
contain
    full provision or reserve for bad and doubtful debts, burdensome contracts or other
    obligations, obsolescent or slow moving stocks and for depreciation on fixed assets, which
    provision or reserve was when made and is now adequate;
(iv)
contain
    a note of all capital commitments of the Company at the Balance Sheet Date, which note was
    when made and is now adequate, fair and not misleading; and
(v)
contain
    full provision or reserves (as appropriate) for all Taxation.
(B)
Liabilities
At the
    Balance Sheet Date the Company had no liabilities known, actual or contingent (including
    contingent liabilities to customers and contingent liabilities for Taxation) which were
    not disclosed, noted or provided for in the Accounts.
(C)
Plant
    and machinery etc.
All
    the fixed and loose plant and machinery, equipment, furniture, fittings and vehicles used
    by the Company at the Balance Sheet Date are reflected in the Accounts, were at the
    Balance Sheet Date and (except for such items as have been disposed of or realised by the
    Company in the ordinary course of business) remain in the absolute beneficial ownership of
    the Company and are free from any encumbrance, hire or hire purchase agreement or leasing
    agreement or agreement for payment on deferred terms and (apart from depreciation in the
    ordinary course of business) their value is not less than at the Balance Sheet Date and
    none has been acquired for any consideration in excess of its net realisable value at the
    date of such acquisition or otherwise than by way of a bargain at arm's length.
(D)
Depreciation
Depreciation
    of the fixed assets of the Company has been made at a rate sufficient to write down the
    value of such assets to nil not later than the end of their useful working lives and no
    fixed asset has attributed to it a value exceeding the current market value thereof at the
    Balance Sheet Date.
(E)
Books of
    account
All
    accounts, books, ledgers, financial and other necessary records of whatsoever kind of the
    Company (including all invoices and other records required for tax):
(i)
have
    been fully, properly and accurately maintained, are in the possession of the Company and
    contain true and accurate records of all matters including those required to be entered in
    them by applicable laws and no notice or allegation that any of the same is incorrect or
    should be rectified has been received;
(ii)
do
    not contain or reflect any material inaccuracies or discrepancies;
(iii)
give
    and reflect a true and fair view of the matters which ought to appear in them and in
    particular of the financial, contractual and trading position of the Company and of its
    plant and machinery, fixed and current assets and liabilities (actual and contingent),
    debtors and creditors and stock-in trade; and
(iv)
contain
    accurate information in accordance with generally accepted accounting principles in
    Malaysia relating to all transactions to which the Company has been a party and the
    Accounts do not overstate the value of any asset or understate any liability of the
    Company at the Balance Sheet Date.
6.
POST
    BALANCE SHEET DATE EVENTS
Since
    the Balance Sheet Date the Company:
(A)
Business
has
    carried on its business in the ordinary and usual course and without entering into any
    transaction, assuming any liability or making any payment not provided for in the Accounts
    which is not in the ordinary course of business and without any interruption or alteration
    in the nature, scope or manner of its business and nothing has been done which would be
    likely to prejudice the interests of the Purchaser as a prospective purchaser of the Sale
    Shares;
(B)
Financial
    position and prospects
has not
    experienced any deterioration in its financial or trading position or prospects or
    turnover or suffered any diminution of its assets by the wrongful act of any person and
    the value of its net assets is not less than the value of its net assets as at the
    Accounts Date as shown by the Accounts and the Company has not had its business,
    profitability or prospects adversely affected by the loss of any important customer or
    source of supply or by any abnormal factor not affecting similar businesses to a like
    extent and there are no facts which are likely to give rise to any such effects;
(C)
Assets
    and liabilities
has not
    acquired or disposed of or agreed to acquire or dispose of any assets or assumed or
    incurred or agreed to assume or incur any liabilities (actual or contingent) otherwise
    than in the ordinary course of business;
(D)
Distributions
    and loan repayments
has not
    declared, made or paid any dividend, bonus or other distribution of capital or income
    (whether a qualifying distribution or otherwise) and (excluding fluctuations in overdrawn
    current accounts with bankers) no loan or loan capital of the Company has been repaid in
    whole or in part or has become due or is liable to be declared due by reason of either
    service of a notice or lapse of time or otherwise howsoever;
(E)
Liability
    to tax
has not
    carried out or entered into any transaction and no other event has occurred in consequence
    of which (whether alone or together with any one or more transactions or events occurring
    before, on or after the date of this Agreement) any liability of the Company to Taxation
    has arisen or will arise (or would have arisen or would or might arise but for the
    availability of any relief, allowance, deduction or credit) other than profits tax on the
    actual income (not chargeable gains or deemed income) of the Company arising from
    transactions entered into in the ordinary course of business;
(F)
Employees
has not
    made any change to the remuneration, terms of employment, emoluments or pension benefits
    of any present or former director, officer or employee of the Company who on the Balance
    Sheet Date was entitled to remuneration in excess of RM100,000 (or its equivalent in any
    other currency) per annum and has not appointed or employed any additional director,
    officer or employee entitled as aforesaid;
(G)
Debts
has not
    waived or released any debts in whole or in part and has not written off debts in an
    amount exceeding RM100,000.00 (or its equivalent in any other currency) in the aggregate;
(H)
Contracts
has not
    entered into contracts involving capital expenditure in an amount exceeding in the
    aggregate RM100,000.00 [Ringgit Malaysia One Hundred Thousand only] (or its equivalent in
    any other currency);
(I)
Resolutions
(including
    any class of its members) has not passed any resolution whether in general meeting or
    otherwise;
(J)
Third
    party rights
has not
    become aware that any event has occurred which would entitle any third party to terminate
    any contract or any benefit enjoyed by it or call in any money before the normal due date
    therefor;
(K)
Stock-in-trade
has not
    purchased stocks in quantities or at prices materially greater than was the practice of
    the Company prior to the Balance Sheet Date;
(L)
Creditors
has paid
    its creditors within the times agreed with such creditors and does not have any debts
    outstanding which are overdue for payment by more than four weeks;
(M)
Borrowings
has not
    borrowed or raised any money or taken any financial facility (except such short term
    borrowings from bankers as are within the amount of any overdraft facility which was
    available to the Company at the Balance Sheet Date) or since the Balance Sheet Date
    renegotiated or received any notice from any banker that such banker wishes to renegotiate
    any overdraft facility available to the Company at the Balance Sheet Date.
8.
TRANSACTIONS
    WITH VENDOR AND DIRECTORS
(A)
Loans
    and debts
There is
    not outstanding:
(i)
any
    indebtedness or other liability (actual or contingent) owing by the Company to the Vendor
    or any director of the Company of any of them or owing to the Company by the Vendor or any
    director of the Company; or
(ii)
any
    guarantee or security for any such indebtedness or liability as aforesaid.
(B)
Contracts
    and arrangements
(i)
There is
    not now outstanding, any agreement, arrangement or understanding (whether legally
    enforceable or not) to which the Company is a party or has an interest and in which any of
    the Vendor, or any director of the Company of any of them is interested whether directly
    or indirectly; or
(ii)
The Company
    is not a party to nor has its profits or financial position during the last 2 years been
    affected by any agreement or arrangement which is not entirely of an arm's length nature.
(C)
Competitive
    interests
None of the
    Vendor nor any director of the Company nor any Connected Person of any of them or intends
    to acquire, either individually or collectively, or with any other person or persons, has
    any estate, right or interest, directly or indirectly, in any business other than that now
    carried on by the Company which is or is likely to be or become competitive with the
    business of the Company.
(D)
Intellectual
    Property
None of the
    Vendor nor any director of the Company either individually, collectively or with any other
    person or persons are not interested in any way whatsoever in any Intellectual Property
    used and not wholly owned by the Company.
(E)
Benefits
None of the
    Vendor nor any director of the Company, is entitled to or has claimed entitlement to any
    remuneration, compensation or other benefit from the Company.
9.
FINANCE
(A)
Borrowings
(i)
The amount
    borrowed by the Company from each of its bankers does not exceed the overdraft facility
    agreed with such banker.
(ii)
The total
    amount borrowed by the Company from any source does not exceed any limitation on its
    borrowing contained in the articles of association of the Company or in any debenture or
    loan stock trust deed or instrument or any other document executed by the Company.
(iii)
The Company
    has no outstanding loan capital or loan stock.
(iv)
Particulars
    of all money borrowed by the Company has been disclosed.
(B)
Debts
    owed to the Company
(i)
The Company
    does not own the benefit of any debt (whether present or future) other than debts which
    have accrued to it in the ordinary course of business.
(ii)
All debts
    owed to the Company are collectable in the ordinary course of business and each such debt
    will realise in full its face value within three months of its due date for payment.
(iii)
The debts
    owing to the Company shown in the Accounts (subject to any provision for bad and doubtful
    debts made in the Accounts, as the case may be) were paid in full on their due dates or,
    if any such debts are not yet due, each such debt is not now regarded by the Company or by
    the Vendor as irrecoverable in whole or in part.
(C)
Bank
    accounts
Particulars
    of the balances on all the Company's bank accounts as at a date not more than seven days
    before the date of this Agreement have been disclosed and the Company has no other bank
    accounts; since the date of such particulars there have been no payments out of any such
    bank accounts except for routine payments and the aggregate balance on all such bank
    accounts is not substantially different from the aggregate balance shown in such
    particulars.
(D)
Financial
    facilities
In relation
    to any Encumbrance to which any asset of the Company is subject and in relation to
    debentures, acceptance lines, overdrafts, loans or other financial facilities outstanding
    or available to the Company:
(i)
the Vendor
    have disclosed full details of them and true and correct copies of all documents relating
    to them; and
(ii)
none of the
    Vendor nor the Company has done anything whereby the continuance of any such encumbrance
    or facility in full force and effect might be affected or prejudiced.
(E)
Options,
    guarantees etc
.
The Company
    is not responsible for the indebtedness of any other person, and in particular but without
    prejudice to the generality of the foregoing is not a party to any option or pre-emption
    right or a party to any guarantee or suretyship or any other obligation (whatever called)
    to pay, purchase or provide funds (whether by the advance of money, the purchase of or
    subscription for shares or other securities or the purchase of assets or services or
    otherwise) for the payment of, or as an indemnity against the consequence of default in
    the payment of, any indebtedness of any other person.
10.
TAXATION
(A)
General
(i)
Notices
    and returns
All
    notices, returns and computations of the Company for the purposes of Taxation have been
    made punctually on a proper basis and are correct and none of them is, or is likely to be,
    the subject of any dispute with any fiscal authority.
(ii)
Payment
    of tax due
All
    Taxation which the Company is liable to pay prior to Completion has been or will be so
    paid prior to Completion.
(iii)
Penalties
    or interest on tax
The Company
    has not paid or become liable to pay any penalty, fine or interest charged by virtue of
    the provisions of any Taxation statute, law, rule or regulation.
(iv)
Compliance
    with tax collection obligations
(a)
All tax
    deductible and payable under any Taxation statute, law, rule or regulation has, so far as
    is required to be deducted, been deducted from all payments made or treated as made by the
    Company and all amounts due to be paid to all relevant Taxation authorities prior to the
    date of this Agreement have been so paid.
(b)
All
    payments by the Company to any person which ought to have been made under deduction of tax
    have been so made and the Company (if required by law to do so) has accounted to the
    relevant fiscal authority for the tax so deducted.
(c)
Proper
    records have been maintained in respect of all such deductions and payments and all
    applicable regulations have been complied with.
(v)
No back
    duty investigation
The Company
    has not in the last 3 years been the subject of a discovery, audit or investigation by any
    Taxation authority and there are no facts which are likely to cause a discovery, audit or
    investigation to be made.
(vi)
Tax
    provision
Full
    provision or reserve has been made in the Accounts for all Taxation assessed or liable to
    be assessed on the Company or for which it is accountable in respect of income, profits or
    gains earned, accrued or received on or before the Balance Sheet Date, including
    distributions made down to such date or provided for in the Accounts, and proper provision
    has been made in the Accounts for deferred taxation in accordance with internationally
    accepted accounting standards.
(vii)
Anti-avoidance
    provisions
The Company
    has not entered into or been a party to any scheme or arrangement of which the main
    purpose, or one of the main purposes, was the avoidance of or the reduction in liability
    to taxation.
(viii)
Calculation
    of tax liability
The Company
    has sufficient records to permit accurate calculation of the tax liability or relief which
    would arise upon a disposal or realisation on completion of each asset owned by the
    Company at the Balance Sheet Date or acquired by the Company before Completion.
(ix)
Claims
    and disclaimers
The Company
    has duly submitted all claims and disclaimers the making of which has been assumed for the
    purposes of the Accounts.
(x)
Sales at
    under-value or over-value
The
    Company has not been a party to any sale or other disposal of an asset either at an
    under-value or an over-value.
11.
OTHER
    ASSETS
(A)
Assets
    and charges
(i)
All assets
    of the Company which are included in the Accounts or have otherwise been represented as
    being the property of the Company or which were at the Balance Sheet Date used or held for
    the purposes of its business were at the Balance Sheet Date in the absolute beneficial
    ownership of the Company and (except for assets disposed of or realised by the Company in
    the ordinary course of business) the Company is the absolute beneficial owner of and has
    good, marketable title to all such assets and all such assets are in the possession and
    control of the Company and are sited within Malaysia.
(ii)
All assets
    which have been acquired by the Company since the Balance Sheet Date are (except as
    aforesaid) now in the absolute beneficial ownership of the Company and in the possession
    and control of the Company and none is the subject of any encumbrance (excepting only
    liens arising in the normal course of trading) nor has the Company created or agreed to
    create any encumbrance or entered into any factoring arrangement, hire-purchase,
    conditional sale or credit sale agreement which has not been disclosed and in respect of
    any such encumbrance, arrangement or agreement so disclosed there has been no default by
    the Company in the performance or observance of any of the provisions thereof.
(B)
Condition
    of assets
The plant
    and machinery (including fixed plant and machinery) and all vehicles and office and other
    equipment and assets shown in the Accounts or acquired since the Balance Sheet Date or
    otherwise used in connection with the business of the Company which have not been disposed
    of in the ordinary course of business:
(i)
do not
    contravene any requirement or restriction having the force of law;
(ii)
performs in
    accordance with its manufacturers specifications and are in good repair and condition and
    are regularly maintained, fully serviceable and in good working order;
(iii)
are each
    capable of doing the work for which they were designed and/or purchased and will each be
    so capable (subject to fair wear and tear) during the period of time over which the value
    of such assets will be written down to nil in the accounts of the Company;
(iv)
are not
    surplus to the Company's requirements; and
(v)
are not
    dangerous, inefficient, out-of-date, unsuitable or in need of renewal or replacement and
    the vehicles owned by the Company are road-worthy and duly licensed for the purposes for
    which they are used.
(vi)
maintenance
    contracts are in full force and effect in respect of the computer and all other assets
    owned or used by the Company which it is normal or prudent to have maintained by outside
    or specialist contractors.
(C)
Condition
    of stock-in-trade
The
    Company's stock-in-trade is of merchantable quality and not obsolete, defective or out of
    fashion and is capable of being sold by the Company in the ordinary course of business in
    accordance with its current price list without rebate or allowance to retail purchasers.
(D)
Insurance
(i)
All the
    assets of the Company which are of an insurable nature have at all material times been and
    are at the date hereof fully insured to their full replacement value against fire and
    other risks normally insured against by companies carrying on similar businesses or owning
    property of a similar nature to those of the Company and the Company has at all material
    times been and is at the date of this Agreement adequately covered against all legal
    liability and risks normally insured against by such companies (including liability to
    employees or third parties for personal injury or loss or damage to property, product
    liability and loss of profit).
(ii)
Particulars
    of all policies of insurance of the Company now in force have been disclosed and such
    particulars are true and correct and all premiums due on such policies have been duly paid
    and all such policies are valid and in force and (so far as the Company and the Vendor is
    aware) there are no circumstances which might lead to any liability under such insurance
    being avoided by the insurers or the premiums being increased and there is no claim
    outstanding under such policy nor are the Company and the Vendor aware of any
    circumstances likely to give rise to a claim or cause an application for renewal of such
    policy to be refused.
(iii)
No
    insurance company has refused to insure the Property assets or risks of the Company or has
    imposed conditions (by way of increased premiums or otherwise) for such insurance.
(E)
Retention
    of title
The
    Company has not acquired or agreed to acquire any material asset on terms that title to
    such asset does not pass to the Company until full payment is made.
(F)
Equipment
    leases etc
Rentals
    payable by the Company under any leasing, hire-purchase or other similar agreement to
    which it is a party have not been and are not likely to be increased and all such rentals
    are fully deductible by the Company for tax purposes.
12.
OPERATION
(A)
Licences,
    permits, consents and authorities
The
    Company has all necessary licences (including statutory licences), permits, consents and
    authorities (public and private) for the proper and effective carrying on of its business
    and in the manner in which such business is now carried on and all such licences, permits,
    consents and authorities are valid and subsisting and the Company knows of no reason why
    any of them should be suspended, cancelled or revoked whether in connection with the
    acquisition of the Sale Shares by the Purchaser or otherwise and so far as the Company is
    aware there are no factors that might in any way prejudice the continuance or renewal of
    any of those licences, permits, consents or authorities and the Company is not restricted
    by contract from carrying on any activity in any part of the world.
(B)
Litigation
    and arbitration
(i)
Save as
    plaintiff in the collection of debts (not exceeding RM 100,000 (or its equivalent in any
    other currency) in the aggregate) arising in the ordinary course of business, the Company
    is not now engaged in any litigation or arbitration proceedings and there are no lawsuits
    or arbitration proceedings pending or threatened by or against the Company or any person
    for whose acts or defaults the Company may be vicariously liable.
(ii)
No
    injunction has been granted against the Company.
(iii)
The Company
    is not subject to any order or judgment given by any court or governmental agency which is
    still in force.
(iv)
The Company
    has not given any undertaking to any court or to any third party arising out of any legal
    proceedings.
(v)
There is no
    matter or fact in existence which might give rise to any legal proceedings or arbitration
    involving the Company including any which might form the basis of any criminal prosecution
    against the Company.
(vi)
No current
    director, officer or employee of the Company has had a bankruptcy petition presented
    against him, is party to any arrangement or compromise under any insolvency legislation,
    or has been disqualified from acting as a director of a company for any period or has been
    convicted of or is at present or has been charged with and not acquitted of any criminal
    offence (other than traffic offences the subject of a fixed penalty fine).
(vii)
No
    governmental or other investigation or inquiry is in progress or threatened in respect of
    the Company or its business and there are no circumstances likely to lead to any of the
    same.
(C)
Delegation
    of powers
There
    are in force no powers of attorney given by the Company nor any other authority (express,
    implied or ostensible) given by the Company to any person to enter into any contract or
    commitment or do anything on its behalf other than any authority of employees to enter
    into routine trading contracts in the normal course of their duties.
(D)
Confidentiality
No
    disclosure has been made of any of the confidential information, including financial or
    trade secrets, of the Company save in the ordinary course of business of the Company and
    the Company has taken adequate steps to preserve the confidential nature of all such
    information.
(E)
Business
    names
The Company
    does not use on its letterhead, books or vehicles or otherwise carry on its business under
    any name other than its corporate name.
(F)
Records
    of the Company
(i)
All the
    accounting records, statutory and other books and records (including the register of
    members), and other deeds documents records, data and information of the Company and its
    pension and benefit schemes (if any) are, and have since its incorporation been, kept up
    to date, properly, accurately and consistently completed and are a complete and accurate
    record of all acts and transactions of the Company and of all matters required by law or
    best business practice to be recorded or registered therein; the Company has not received
    any application or request for rectification of any such registers are in the possession
    of the Company.
(ii)
The Company
    does not have any of its records, systems, controls, data or information recorded, stored,
    maintained, operated or otherwise wholly or partly dependent on or held by any means
    (including any electronic, mechanical or photographic process whether computerised or not)
    which (including all means of access thereto and therefrom) are not under the exclusive
    ownership and direct control of the Company.
(G)
Winding
    up, insolvency
and receivership
(i)
No order
    has been made or petition presented or resolution passed for the winding up of the Company
    and no distress, execution or other process has been levied on any of its assets.
(ii)
The Company
    has not stopped payment and is not insolvent nor unable to pay its debts as they fall due.
(iii)
No
    administrative or other receiver has been appointed by any person of the business or
    assets of the Company or any part thereof, nor has any order been made or petition
    presented for the appointment of an administrator in respect of the Company.
(iv)
There has
    been no delay by the Company in the payment of any material obligation due for payment.
(H)
Guarantees,
    warranties and sureties
No
    person other than the Company has given any guarantee of or security for any overdraft,
    loan or loan facility granted to the Company.
(I)
Documents
All
    title deeds and other documents required to show title to the assets of the Company (duly
    stamped where necessary) and all other documents and agreements to which the Company is a
    party and all other documents, records and correspondence of the Business owned by, or
    which ought to be in the possession of, the Company are in the possession of the Company.
13.
CONTRACTS
(A)
Onerous
    contracts
There
    are no long term contracts (i.e. contracts not terminable by the Company without penalty
    on six months' notice or less) or onerous or unusual or abnormal contracts (i.e. contracts
    for capital commitments or contracts differing from those necessitated by the ordinary
    course of business) binding upon the Company, nor is the Company a party to any contract
    which contains any onerous or other provision material for disclosure to an intending
    purchaser of the Sale Shares and no expenses or liabilities of a material amount have been
    incurred before the date of this Agreement by the Company otherwise than for the purpose
    of the Company's business.
(B)
Material
    contracts
Copies
    of all material contracts to which the Company is a party have been disclosed or will be
    disclosed to the Purchaser during the due diligence to be conducted by the Purchaser
    pursuant to clause 3.2 of the Agreement and, save as those disclosed, the Company is not a
    party to or subject to any agreement, transaction, obligation, commitment, understanding,
    arrangement or liability which:
(i)
is
    incapable of complete performance in accordance with its terms within six months after the
    date on which it was entered into or undertaken;
(ii)
is known by
    the Vendor to be likely to be unprofitable or result in a loss to the Company on
    completion of performance;
(iii)
cannot
    readily be fulfilled or performed by the Company on time and without undue or unusual
    expenditure of money and effort;
(iv)
involves
    or is likely to involve obligations, restrictions, expenditure or receipts of an unusual,
    onerous or exceptional nature and not in the ordinary course of business;
(v)
requires an
    aggregate consideration payable by the Company in excess of RM50,000 (or its equivalent in
    any other currency);
(vi)
is a
    contract for services (other than contracts for the supply of electricity or normal office
    services);
(vii)
requires
    the Company to pay any commission, finder's fee, royalty or the like; or
(viii)
is in any
    way otherwise than in the ordinary and proper course of the Company's business.
(C)
Performance
    of contracts
(i)
The terms
    of all contracts of the Company have been complied with by the Company and by the other
    parties to the contracts in all respects and there are no circumstances likely to give
    rise to a default by the Company or by the other parties under any such contract.
(ii)
All the
    contracts of the Company except those between the Company and its employees are assignable
    by the Company without the consent of any other party.
(iii)
There are
    no outstanding claims, separately or in the aggregate of material amounts, against the
    Company on the part of customers or other parties in respect of defects in quality or
    delays in delivery or completion of contracts or deficiencies of design or performance or
    otherwise relating to liability for goods or services sold or supplied by the Company and
    no such claims are threatened or anticipated and there is no matter or fact in existence
    in relation to goods or services currently sold or supplied by the Company which might
    give rise to the same.
(iv)
The Company
    has no knowledge of the invalidity of or grounds for rescission, avoidance or repudiation
    of any agreement or other transaction to which the Company is a party and has received no
    notice of any intention to terminate, repudiate or disclaim any such agreement or other
    transaction.
(D)
Restrictive
    contracts
There
    are no agreements in force restricting the freedom of the Company to provide and take
    goods and services by such means and from and to such persons as it may from time to time
    think fit.
14.
EMPLOYEES
(A)
Particulars
    of employees
The
    particulars to be disclosed to the Purchaser during the due diligence to be conducted by
    the Purchaser are true and complete and show in respect of each director, officer and
    employee of the Company his date of birth, the date on which he commenced employment with
    the Company and all remuneration payable and other benefits provided or which the Company
    is bound to provide (whether now or in the future) to each such person and include full
    particulars of all remuneration arrangements (particularly profit sharing, incentive and
    bonus arrangements to which the Company is a party whether binding or not) and each
    director, officer and employee of the Company is listed therein.
(B)
Service
    contracts etc
.
(i)
There is no
    contract of service in force between the Company and any of its directors, officers or
    employees which is not terminable by the Company without compensation on one month's
    notice given at any time.
(ii)
There are
    no agreements or other arrangements (binding or otherwise) between the Company or any
    employers' or trade association of which the Company is a member and any trades union or
    other body or organisation representing its employees.
(C)
Benefits
(i)
Compliance
    with contractual obligations
There are
    no amounts owing to present or former directors, officers or employees of the Company
    other than not more than one month's arrears of remuneration accrued or due or for
    reimbursement of business expenses incurred within a period of three months preceding the
    date hereof.
(ii)
Obligations
    provided for in the Accounts
Save to the
    extent (if any) to which provision or allowance has been made in the Accounts, the Company
    has not made or agreed to make any payment to or provided or agreed to provide any benefit
    for any present or former director, officer or employee of the Company nor any dependent
    of any present or former director, officer or employee of the Company.
(iii)
Future
    obligations
Save
    as disclosed, no moneys or benefits other than in respect of remuneration or emoluments of
    employment are payable to or for the benefit of any present or former director, officer or
    employee of the Company.
(D)
Liabilities
    and payments
Save
    to the extent (if any) to which provision or allowance has been made in the Accounts:
(i)
no
    liability has been incurred or is anticipated by the Company for breach of any contract of
    employment or for services or for severance payments or for redundancy payments or
    protective awards or for compensation for unfair dismissal or for failure to comply with
    any order for the reinstatement or re-engagement of any employee or for any other
    liability accruing from the termination or variation of any contract of employment or for
    services; and
(ii)
no
    gratuitous payment has been made or promised by the Company in connection with the actual
    or proposed termination or suspension of employment or variation of any contract of
    employment or for services of any present or former director, officer or employee of the
    Company.
(E)
Relevant
    legislation
(i)
Statutory
    compliance etc.
The
    Company has in relation to each of its employees (and so far as relevant to each of its
    former employees) complied with:
(a)
all
    obligations imposed on it by all relevant statutes, regulations and codes of conduct and
    practice affecting its employment of any persons and all relevant orders and awards made
    thereunder and has maintained current, adequate and suitable records regarding the
    service, terms and conditions of employment of each of its employees; and
(b)
all
    collective agreements, recognition agreements and customs and practices for the time being
    affecting its employees or their conditions of service.
(ii)
Notices
The
    Company has not been served with any improvement and/or prohibition notices pursuant to
    any applicable employment or health and safety laws, rules and/or regulations and is not
    in breach of any provisions of any of the foregoing.
(iii)
Claims
    by employees
There
    is no liability or claim against the Company from any employee or former employee
    outstanding or anticipated.
(F)
Redundancies
Within
    a period of one year preceding the date of this Agreement the Company has not given notice
    of any redundancies.
(G)
Termination
    of employment
No
    present director, officer or employee of the Company has given or received notice
    terminating his employment except as expressly contemplated under this Agreement and
    Completion of this Agreement will not trigger any "golden parachute" agreement.
(H)
Share
    and other schemes
The
    Company does not have in existence nor is it proposing to introduce:
(i)
any
    employee share trust, share incentive scheme, share option scheme or profit sharing scheme
    for the benefit of all or any of its directors, officers or employees; or
(ii)
any
    scheme whereunder any director, officer or employee of the Company is entitled to a
    commission or remuneration of any other sort calculated by reference to the whole or part
    of the turnover, profits or sales of the Company.
(I)
Disputes
    and claims
(i)
No
    dispute exists or can reasonably be anticipated between the Company and a material number
    or category of its employees and so far as the Vendor is aware there are no wage or other
    claims outstanding against the Company by any person who is now or has been a director,
    officer or employee of the Company.
(ii)
The
    Company has not had during the last three years any strike, work stoppages, slow-down,
    work-to-rule or lock-out by its employees, nor, so far as the Vendor is aware, is any
    anticipated.
15.
INTELLECTUAL
    PROPERTY
(A)
Ownership
    and rights
(i)
General
Full
    particulars of all Intellectual Property owned or otherwise exploited or used by the
    Company in any part of the world will be disclosed to the Purchaser during the due
    diligence to be conducted by the Purchaser. All Intellectual Property exploited or used by
    the Company is in the absolute beneficial ownership of the Company or the Company is a
    1icensee of the same pursuant to an Intellectual Property Agreement and the Company does
    not own, use, exploit or have any other interest in any Intellectual Property which has
    not been disclosed. In particular but without prejudice to the generality of the
    foregoing, none of the Intellectual Property disclosed is jointly owned by the Company and
    a third party.
(ii)
Enforcement
All
    applications for any Intellectual Property owned, used or otherwise exploited by the
    Company are being diligently prosecuted; patents, registered trademarks and registered
    designs and other similar registered or recorded Intellectual Property rights owned, used
    or otherwise exploited by the Company have been maintained; nothing has been done to
    diminish or otherwise affect the reputation of unregistered trademarks, trade names, brand
    names or get up owned, used or otherwise exploited by the Company; no copying or
    reproduction of the copyright material owned, used or otherwise exploited by the Company
    has been permitted (expressly or by implication); the Technical Information and other
    knowhow owned, used or otherwise exploited by the Company has been kept confidential; and
    (where applicable) all application, registration and renewal fees necessary to procure,
    register, record or maintain the Intellectual Property have been paid.
(iii)
Intellectual
    Property Agreements
All
    Intellectual Property Agreements have been disclosed and are valid and binding; none has
    been the subject of any breach or default by any party thereto or of any event which with
    notice or lapse of time or both would constitute a default; nor are there any disputes,
    claims or proceedings arising out of or relating to the Intellectual Property Agreements.
    The Company has not authorised or otherwise permitted, expressly or by implication, any
    use whatsoever of the Intellectual Property owned, used or otherwise exploited by the
    Company save insofar as any such authority is contained in the appropriate Intellectual
    Property Agreements. The Company does not use or otherwise exploit any Intellectual
    Property belonging to a third party save insofar as it is licensed to do so in the
    appropriate Intellectual Property Agreements. All such agreements have been duly recorded
    or registered with the proper authorities whenever a requirement to do so exists.
SCHEDULE 3
Warranties of the Purchaser
In this Schedule, unless the context otherwise indicates each of the
    Warranties shall be deemed to repeated mutatis mutandis at the date of this Agreement and
    at Completion.
1.0
INTERPRETATION
In this
    schedule where the context admits:
"
Accounts
"
    means the latest audited accounts of the Purchaser and the unaudited consolidated balance
    sheet of the Purchaser made up as at the Balance Sheet Date and the unaudited profit and
    loss accounts of the Purchaser for the period from the beginning of the current financial
    year to the Balance Sheet Date, copies of which are attached hereto marked
    "Appendix";
"
Balance
    Sheet Date
" means 30 September 2013;
"
Disclosed
    Charges
" means, in respect of the Properties, the charges, mortgages or
    encumbrances in favour of independent third parties which have been registered in the
    relevant land registry in its place of business and which remain, as at the date of this
    Agreement and at Completion, undischarged;
"
Intellectual
    Property
" means patents, trademarks, service marks, trade names, registered
    designs, designs, copyrights and other forms of intellectual or industrial property (in
    each case in any part of the world and whether or not registered or registrable and for
    the full period thereof and all extensions and renewals thereof and applications for
    registration of or otherwise in connection with the foregoing), know-how, inventions,
    formulae, confidential or secret processes and information, computer programs and
    software, and any other protected rights and assets, and any licences and permissions in
    connection therewith;
2.
INFORMATION
(A)
Disclosures
The
    facts and information set out in the recitals and, the Schedules and all documents
    attached are true and all information which has been provided in writing to the Vendor or
    its representatives or advisers by the Purchaser or by any director, officer or other
    official of the Purchaser or by their respective professional advisers or other agents was
    when given and is now true and accurate in all material respects. There is no fact or
    matter which has not been disclosed which renders any such information untrue, inaccurate
    or misleading or the disclosure of which might reasonably affect the willingness of the
    Vendor to enter into this Agreement.
(B)
Assessment
    of prospects
The
    information disclosed to the Vendor or its representatives or professional advisers, by
    the Purchaser and the directors officers or other officials of the Purchaser regarding the
    current trading and prospects of the Purchaser comprises all information which is material
    for the reasonable assessment of the financial and trading prospects of the Purchaser.
3.
COMPLIANCE
(A)
Constitution
    of the Purchaser
The
    copy of the memorandum and articles of association of the Purchaser which is provided to
    the Vendor is true and complete in all respects and has embodied in it or annexed to it a
    copy of every such resolution and agreement required by law to be annexed to it and the
    Purchaser has at all times carried on its business and affairs in all respects in
    accordance with its memorandum and articles of association and all such resolutions and
    agreements.
(B)
Statutory
    compliance
The
    Purchaser is a duly organised limited liability, company validly existing under the laws
    of the place of its incorporation and has the corporate powers and authorises to carry on
    the business presently carried on by it and to own and hold the assets used therewith. The
    Purchaser has complied with the provisions of all applicable laws, regulations (and all
    orders notices and directions made thereunder) and all applicable codes or practices. All
    returns, particulars, resolutions and other documents required to be filed with or
    delivered to the registrar of companies or to any other authority whatsoever by the
    Purchaser have been correctly and properly prepared and so filed or delivered.
(C)
Binding
    obligation
The
    Purchaser has full power to enter into and perform this Agreement and this Agreement will
    constitute, binding obligations on the Purchaser, enforceable in accordance with their
    terms.
4.
CAPITAL
    STRUCTURE
(A)
Capital
    of the Purchaser
The
    Consideration Shares will constitute 90% of the issued common stocks of the Purchaser as
    at the date of issuance of the Consideration Shares. There will be no Encumbrance or other
    form of agreement (including conversion rights and rights of pre-emption) on, over or
    affecting the Consideration Shares or any unissued shares, debentures or other securities
    of the Purchaser and there is no agreement or commitment to give or create any of the
    foregoing, and no claim has been made by any person to be entitled to any of the
    foregoing, and no person has the right (whether exercisable now or in the future and
    whether contingent or not) to call for the issue of any share or loan capital of the
    Purchaser under any of the foregoing.
(B)
Ownership
(i)
All the
    Consideration Shares will be solely legally and beneficially owned by and registered in
    the names of the Vendor; and (ii
)
All the Consideration Shares , and the unissued
    share capital of the Purchaser are free from any Encumbrance and there are no arrangements
    in force or claimed entitling or allegedly entitling any person to any Encumbrance.
(C)
Reorganisation
    of share capital
The
    Purchaser has not at any time, other than the issue of shares to the Vendor:
(i)
repaid,
    redeemed or purchased or agreed to repay, redeem or purchase any of its shares, or
    otherwise reduced or agreed to reduce its issued share capital or any class of it; or
(ii)
capitalised
    or agreed to capitalise in the form of shares, debentures or other securities or in paying
    up any amounts unpaid on any shares, debentures or other securities, any profits or
    reserves of any class or description or passed or agreed to pass any resolution to do so.
(D)
Connected
    business
The
    Purchaser:
(i)
is not
    and has not agreed to become the holder or beneficial owner of any class of any shares,
    debentures or other securities of any other company (wherever incorporated), save and
    except for the Subsidiaries;
(ii)
has not
    been and has not agreed to become a subsidiary of any other company or under the control
    of any group of companies or consortium;
(iii)
is not
    and has not at any time been and has not agreed to become a member of any partnership,
    joint venture, consortium or other unincorporated association; and
5.
ACCOUNTS
(A)
General
The
    Accounts:
(i)
will
    once audited be prepared in accordance with the requirements of all relevant laws,
    statutes, with good accounting principles and practices generally accepted for companies
    carrying on a similar business to that of the Purchaser comply with the laws and
    regulations and all relevant statements of standard accounting practice and accounting
    guidelines issued by the relevant authorities, are prepared on a basis consistent with
    preceding accounting periods of the Purchaser and with the books of account of the
    Purchaser and are true and accurate in all material respects;
(ii)
disclose
    a true and fair view of the assets and liabilities of the Purchaser at the Balance Sheet
    Date and of its profits for the financial year ended on such date;
(iii)
contain
    full provision or reserve for bad and doubtful debts, burdensome contracts or other
    obligations, obsolescent or slow moving stocks and for depreciation on fixed assets, which
    provision or reserve was when made and is now adequate;
(iv)
contain
    a note of all capital commitments of the Purchaser at the Balance Sheet Date, which note
    was when made and is now adequate, fair and not misleading; and
(v)
contain
    full provision or reserves (as appropriate) for all Taxation.
(B)
Liabilities
At
    the Balance Sheet Date the Purchaser had no liabilities known, actual or contingent
    (including contingent liabilities to customers and contingent liabilities for Taxation)
    which were not disclosed, noted or provided for in the Accounts.
(C)
Plant
    and machinery etc.
All
    the fixed and loose plant and machinery, equipment, furniture, fittings and vehicles used
    by the Purchaser at the Balance Sheet Date are reflected in the Accounts, were at the
    Balance Sheet Date and (except for such items as have been disposed of or realised by the
    Purchaser in the ordinary course of business) remain in the absolute beneficial ownership
    of the Purchaser and are free from any encumbrance, hire or hire purchase agreement or
    leasing agreement or agreement for payment on deferred terms and (apart from depreciation
    in the ordinary course of business) their value is not less than at the Balance Sheet Date
    and none has been acquired for any consideration in excess of its net realisable value at
    the date of such acquisition or otherwise than by way of a bargain at arm's length.
(D)
Depreciation
Depreciation
    of the fixed assets of the Purchaser has been made at a rate sufficient to write down the
    value of such assets to nil not later than the end of their useful working lives and no
    fixed asset has attributed to it a value exceeding the current market value thereof at the
    Balance Sheet Date.
(E)
Books
    of account
All
    accounts, books, ledgers, financial and other necessary records of whatsoever kind of the
    Purchaser (including all invoices and other records required for tax):
(i)
have
    been fully, properly and accurately maintained, are in the possession of the Purchaser and
    contain true and accurate records of all matters including those required to be entered in
    them by applicable laws and no notice or allegation that any of the same is incorrect or
    should be rectified has been received;
(ii)
do not
    contain or reflect any material inaccuracies or discrepancies;
(iii)
give
    and reflect a true and fair view of the matters which ought to appear in them and in
    particular of the financial, contractual and trading position of the Purchaser and of its
    plant and machinery, fixed and current assets and liabilities (actual and contingent),
    debtors and creditors and stock-in trade; and
(iv)
contain
    accurate information in accordance with generally accepted accounting principles in United
    States of America relating to all transactions to which the Purchaser has been a party and
    the Accounts do not overstate the value of any asset or understate any liability of the
    Purchaser at the Balance Sheet Date.
6.
POST
    BALANCE SHEET DATE EVENTS
Since
    the Balance Sheet Date the Purchaser:
(A)
Business
has
    carried on its business in the ordinary and usual course and without entering into any
    transaction, assuming any liability or making any payment not provided for in the Accounts
    which is not in the ordinary course of business and without any interruption or alteration
    in the nature, scope or manner of its business and nothing has been done which would be
    likely to prejudice the interests of the Vendor as a prospective shareholder of the
    Purchaser;
(B)
Financial
    position and prospects
has not
    experienced any deterioration in its financial or trading position or prospects or
    turnover or suffered any diminution of its assets by the wrongful act of any person and
    the value of its net assets is not less than the value of its net assets as at the
    Accounts Date as shown by the Accounts and the Purchaser has not had its business,
    profitability or prospects adversely affected by the loss of any important customer or
    source of supply or by any abnormal factor not affecting similar businesses to a like
    extent and there are no facts which are likely to give rise to any such effects;
(C)
Assets
    and liabilities
has not
    acquired or disposed of or agreed to acquire or dispose of any assets or assumed or
    incurred or agreed to assume or incur any liabilities (actual or contingent) otherwise
    than in the ordinary course of business;
(D)
Distributions
    and loan repayments
has
    not declared, made or paid any dividend, bonus or other distribution of capital or income
    (whether a qualifying distribution or otherwise) and (excluding fluctuations in overdrawn
    current accounts with bankers) no loan or loan capital of the Purchaser has been repaid in
    whole or in part or has become due or is liable to be declared due by reason of either
    service of a notice or lapse of time or otherwise howsoever;
(E)
Liability
    to tax
has
    not carried out or entered into any transaction and no other event has occurred in
    consequence of which (whether alone or together with any one or more transactions or
    events occurring before, on or after the date of this Agreement) any liability of the
    Purchaser to Taxation has arisen or will arise (or would have arisen or would or might
    arise but for the availability of any relief, allowance, deduction or credit) other than
    profits tax on the actual income (not chargeable gains or deemed income) of the Purchaser
    arising from transactions entered into in the ordinary course of business;
(F)
Employees
has
    not made any change to the remuneration, terms of employment, emoluments or pension
    benefits of any present or former director, officer or employee of the Purchaser who on
    the Balance Sheet Date was entitled to remuneration in excess of RM100,000 (or its
    equivalent in any other currency) per annum and has not appointed or employed any
    additional director, officer or employee entitled as aforesaid;
(G)
Debts
has
    not waived or released any debts in whole or in part and has not written off debts in an
    amount exceeding USD100,000 (or its equivalent in any other currency) in the aggregate;
(H)
Contracts
has
    not entered into contracts involving capital expenditure in an amount exceeding in the
    aggregate USD100,000 (or its equivalent in any other currency);
(I)
Resolutions
(including
    any class of its members) has not passed any resolution whether in general meeting or
    otherwise;
(J)
Third
    party rights
has
    not become aware that any event has occurred which would entitle any third party to
    terminate any contract or any benefit enjoyed by it or call in any money before the normal
    due date therefor;
Stock-in-trade
(K)
has
    not purchased stocks in quantities or at prices materially greater than was the practice
    of the Purchaser prior to the Balance Sheet Date;
(L)
Creditors
has
    paid its creditors within the times agreed with such creditors and does not have any debts
    outstanding which are overdue for payment by more than four weeks;
(M)
Borrowings
has
    not borrowed or raised any money or taken any financial facility (except such short term
    borrowings from bankers as are within the amount of any overdraft facility which was
    available to the Purchaser at the Balance Sheet Date) or since the Balance Sheet Date
    renegotiated or received any notice from any banker that such banker wishes to renegotiate
    any overdraft facility available to the Purchaser at the Balance Sheet Date.
8.
TRANSACTIONS
    WITH SHAREHOLDERS AND DIRECTORS
(A)
Loans
    and debts
There
    is not outstanding:
(i)
any
    indebtedness or other liability (actual or contingent) owing by the Purchaser to any
    shareholder or director of the Purchaser of any of them or owing to the Purchaser by any
    shareholder or director of the Purchaser; or
(ii)
any
    guarantee or security for any such indebtedness or liability as aforesaid.
(B)
Contracts
    and arrangements
(i)
There
    is not now outstanding, any agreement, arrangement or understanding (whether legally
    enforceable or not) to which the Purchaser is a party or has an interest and in which any
    shareholder or any director of the Purchaser of any of them is interested whether directly
    or indirectly; or
(ii)
The
    Purchaser is not a party to nor has its profits or financial position during the last 2
    years been affected by any agreement or arrangement which is not entirely of an arm's
    length nature.
(C)
Competitive
    interests
No
    shareholder or director of the Purchaser nor any Connected Person of any of them or
    intends to acquire, either individually or collectively, or with any other person or
    persons, has any estate, right or interest, directly or indirectly, in any business other
    than that now carried on by the Purchaser which is or is likely to be or become
    competitive with the business of the Purchaser.
(D)
Intellectual
    Property
No
    shareholder or director of the Purchaser either individually, collectively or with any
    other person or persons are not interested in any way whatsoever in any Intellectual
    Property used and not wholly owned by the Purchaser.
(E)
Benefits
No
    shareholder or director of the Purchaser, is entitled to or has claimed entitlement to any
    remuneration, compensation or other benefit from the Purchaser.
9.
FINANCE
(A)
Borrowings
(i)
The
    amount borrowed by the Purchaser from each of its bankers does not exceed the overdraft
    facility agreed with such banker.
(ii)
The
    total amount borrowed by the Purchaser from any source does not exceed any limitation on
    its borrowing contained in the articles of association of the Purchaser or in any
    debenture or loan stock trust deed or instrument or any other document executed by the
    Purchaser.
(iii)
The
    Purchaser has no outstanding loan capital or loan stock.
(iv)
Particulars
    of all money borrowed by the Purchaser has been disclosed.
(B)
Debts owed to the Purchaser
(i)
The
    Purchaser does not own the benefit of any debt (whether present or future) other than
    debts which have accrued to it in the ordinary course of business.
(ii)
All
    debts owed to the Purchaser are collectable in the ordinary course of business and each
    such debt will realise in full its face value within three months of its due date for
    payment.
(iii)
The
    debts owing to the Purchaser shown in the Accounts (subject to any provision for bad and
    doubtful debts made in the Accounts, as the case may be) were paid in full on their due
    dates or, if any such debts are not yet due, each such debt is not now regarded by the
    Purchaser as irrecoverable in whole or in part.
(C)
Bank
    accounts
Particulars
    of the balances on all the Purchaser's bank accounts as at a date not more than seven days
    before the date of this Agreement have been disclosed and the Purchaser has no other bank
    accounts; since the date of such particulars there have been no payments out of any such
    bank accounts except for routine payments and the aggregate balance on all such bank
    accounts is not substantially different from the aggregate balance shown in such
    particulars.
(D)
Financial
    facilities
In
    relation to any Encumbrance to which any asset of the Purchaser is subject and in relation
    to debentures, acceptance lines, overdrafts, loans or other financial facilities
    outstanding or available to the Purchaser:
(i)
the
    Purchaser has disclosed full details of them and true and correct copies of all documents
    relating to them; and
(ii)
the
    Purchaser has done anything whereby the continuance of any such encumbrance or facility in
    full force and effect might be affected or prejudiced.
(E)
Options,
    guarantees etc
.
The
    Purchaser is not responsible for the indebtedness of any other person, and in particular
    but without prejudice to the generality of the foregoing is not a party to any option or
    pre-emption right or a party to any guarantee or suretyship or any other obligation
    (whatever called) to pay, purchase or provide funds (whether by the advance of money, the
    purchase of or subscription for shares or other securities or the purchase of assets or
    services or otherwise) for the payment of, or as an indemnity against the consequence of
    default in the payment of, any indebtedness of any other person.
10.
TAXATION
(A)
General
(i)
Notices
    and returns
All
    notices, returns and computations of the Purchaser for the purposes of Taxation have been
    made punctually on a proper basis and are correct and none of them is, or is likely to be,
    the subject of any dispute with any fiscal authority.
(ii)
Payment
    of tax due
All
    Taxation which the Purchaser is liable to pay prior to Completion has been or will be so
    paid prior to Completion.
(iii)
Penalties
    or interest on tax
The
    Purchaser has not paid or become liable to pay any penalty, fine or interest charged by
    virtue of the provisions of any Taxation statute, law, rule or regulation.
(iv)
Compliance
    with tax collection obligations
(a)
All tax
    deductible and payable under any Taxation statute, law, rule or regulation has, so far as
    is required to be deducted, been deducted from all payments made or treated as made by the
    Purchaser and all amounts due to be paid to all relevant Taxation authorities prior to the
    date of this Agreement have been so paid.
(b)
All
    payments by the Purchaser to any person which ought to have been made under deduction of
    tax have been so made and the Purchaser (if required by law to do so) has accounted to the
    relevant fiscal authority for the tax so deducted.
(c)
Proper
    records have been maintained in respect of all such deductions and payments and all
    applicable regulations have been complied with.
(v)
No
    back duty investigation
The
    Purchaser has not in the last 3 years been the subject of a discovery, audit or
    investigation by any Taxation authority and there are no facts which are likely to cause a
    discovery, audit or investigation to be made.
(vi)
Tax
    provision
Full
    provision or reserve has been made in the Accounts for all Taxation assessed or liable to
    be assessed on the Purchaser or for which it is accountable in respect of income, profits
    or gains earned, accrued or received on or before the Balance Sheet Date, including
    distributions made down to such date or provided for in the Accounts, and proper provision
    has been made in the Accounts for deferred taxation in accordance with internationally
    accepted accounting standards.
(vii)
Anti-avoidance
    provisions
The
    Purchaser has not entered into or been a party to any scheme or arrangement of which the
    main purpose, or one of the main purposes, was the avoidance of or the reduction in
    liability to taxation.
(viii)
Calculation
    of tax liability
The
    Purchaser has sufficient records to permit accurate calculation of the tax liability or
    relief which would arise upon a disposal or realisation on completion of each asset owned
    by the Purchaser at the Balance Sheet Date or acquired by the Purchaser before Completion.
(ix)
Claims
    and disclaimers
The
    Purchaser has duly submitted all claims and disclaimers the making of which has been
    assumed for the purposes of the Accounts.
(x)
Sales
    at under-value or over-value
The
    Purchaser has not been a party to any sale or other disposal of an asset either at an
    under-value or an over-value.
11.
OTHER
    ASSETS
(A)
Assets
    and charges
(i)
All
    assets of the Purchaser which are included in the Accounts or have otherwise been
    represented as being the property of the Purchaser or which were at the Balance Sheet Date
    used or held for the purposes of its business were at the Balance Sheet Date in the
    absolute beneficial ownership of the Purchaser and (except for assets disposed of or
    realised by the Purchaser in the ordinary course of business) the Purchaser is the
    absolute beneficial owner of and has good, marketable title to all such assets and all
    such assets are in the possession and control of the Company.
(ii)
All
    assets which have been acquired by the Purchaser since the Balance Sheet Date are (except
    as aforesaid) now in the absolute beneficial ownership of the Purchaser and in the
    possession and control of the Purchaser and none is the subject of any encumbrance
    (excepting only liens arising in the normal course of trading) nor has the Purchaser
    created or agreed to create any encumbrance or entered into any factoring arrangement,
    hire-purchase, conditional sale or credit sale agreement which has not been disclosed and
    in respect of any such encumbrance, arrangement or agreement so disclosed there has been
    no default by the Purchaser in the performance or observance of any of the provisions
    thereof.
(B)
Condition
    of assets
The
    plant and machinery (including fixed plant and machinery) and all vehicles and office and
    other equipment and assets shown in the Accounts or acquired since the Balance Sheet Date
    or otherwise used in connection with the business of the Purchaser which have not been
    disposed of in the ordinary course of business:
(i)
do not
    contravene any requirement or restriction having the force of law;
(ii)
performs
    in accordance with its manufacturers specifications and are in good repair and condition
    and are regularly maintained, fully serviceable and in good working order;
(iii)
are
    each capable of doing the work for which they were designed and/or purchased and will each
    be so capable (subject to fair wear and tear) during the period of time over which the
    value of such assets will be written down to nil in the accounts of the Purchaser;
(iv)
are not
    surplus to the Purchaser's requirements; and
(v)
are not
    dangerous, inefficient, out-of-date, unsuitable or in need of renewal or replacement and
    the vehicles owned by the Purchaser are road-worthy and duly licensed for the purposes for
    which they are used.
(vi)
maintenance
    contracts are in full force and effect in respect of the computer and all other assets
    owned or used by the Purchaser which it is normal or prudent to have maintained by outside
    or specialist contractors.
(C)
Condition
    of stock-in-trade
The
    Purchaser's stock-in-trade is of merchantable quality and not obsolete, defective or out
    of fashion and is capable of being sold by the Purchaser in the ordinary course of
    business in accordance with its current price list without rebate or allowance to retail
    purchasers.
(D)
Insurance
(i)
All the
    assets of the Purchaser which are of an insurable nature have at all material times been
    and are at the date hereof fully insured to their full replacement value against fire and
    other risks normally insured against by companies carrying on similar businesses or owning
    property of a similar nature to those of the Purchaser and the Purchaser has at all
    material times been and is at the date of this Agreement adequately covered against all
    legal liability and risks normally insured against by such companies (including liability
    to employees or third parties for personal injury or loss or damage to property, product
    liability and loss of profit).
(ii)
Particulars
    of all policies of insurance of the Purchaser now in force have been disclosed and such
    particulars are true and correct and all premiums due on such policies have been duly paid
    and all such policies are valid and in force and (so far as the Purchaser is aware) there
    are no circumstances which might lead to any liability under such insurance being avoided
    by the insurers or the premiums being increased and there is no claim outstanding under
    such policy and the Purchaser is not aware of any circumstances likely to give rise to a
    claim or cause an application for renewal of such policy to be refused.
(iii)
No
    insurance company has refused to insure the Property assets or risks of the Purchaser or
    has imposed conditions (by way of increased premiums or otherwise) for such insurance.
(E)
Retention
    of title
The
    Purchaser has not acquired or agreed to acquire any material asset on terms that title to
    such asset does not pass to the Purchaser until full payment is made.
(F)
Equipment leases etc
Rentals
    payable by the Purchaser under any leasing, hire-purchase or other similar agreement to
    which it is a party have not been and are not likely to be increased and all such rentals
    are fully deductible by the Purchaser for tax purposes.
12.
OPERATION
(A)
Licences,
    permits, consents and authorities
The
    Purchaser has all necessary licences (including statutory licences), permits, consents and
    authorities (public and private) for the proper and effective carrying on of its business
    and in the manner in which such business is now carried on and all such licences, permits,
    consents and authorities are valid and subsisting and the Purchaser knows of no reason why
    any of them should be suspended, cancelled or revoked whether in connection with the
    issuance of the Consideration Shares or otherwise and so far as the Purchaser is aware
    there are no factors that might in any way prejudice the continuance or renewal of any of
    those licences, permits, consents or authorities and the Purchaser is not restricted by
    contract from carrying on any activity in any part of the world.
(B)
Litigation
    and arbitration
(i)
Save as
    plaintiff in the collection of debts (not exceeding RM 100,000 (or its equivalent in any
    other currency) in the aggregate) arising in the ordinary course of business, the
    Purchaser is not now engaged in any litigation or arbitration proceedings and there are no
    lawsuits or arbitration proceedings pending or threatened by or against the Purchaser or
    any person for whose acts or defaults the Purchaser may be vicariously liable.
(ii)
No
    injunction has been granted against the Purchaser.
(iii)
The
    Purchaser is not subject to any order or judgment given by any court or governmental
    agency which is still in force.
(iv)
The
    Purchaser has not given any undertaking to any court or to any third party arising out of
    any legal proceedings.
(v)
There
    is no matter or fact in existence which might give rise to any legal proceedings or
    arbitration involving the Purchaser including any which might form the basis of any
    criminal prosecution against the Purchaser.
(vi)
No
    current director, officer or employee of the Purchaser has had a bankruptcy petition
    presented against him, is party to any arrangement or compromise under any insolvency
    legislation, or has been disqualified from acting as a director of a company for any
    period or has been convicted of or is at present or has been charged with and not
    acquitted of any criminal offence (other than traffic offences the subject of a fixed
    penalty fine).
(vii)
No
    governmental or other investigation or inquiry is in progress or threatened in respect of
    the Purchaser or its business and there are no circumstances likely to lead to any of the
    same.
(C)
Delegation
    of powers
There
    are in force no powers of attorney given by the Purchaser nor any other authority
    (express, implied or ostensible) given by the Purchaser to any person to enter into any
    contract or commitment or do anything on its behalf other than any authority of employees
    to enter into routine trading contracts in the normal course of their duties.
(D)
Confidentiality
No
    disclosure has been made of any of the confidential information, including financial or
    trade secrets, of the Purchaser save in the ordinary course of business of the Purchaser
    and the Purchaser has taken adequate steps to preserve the confidential nature of all such
    information.
(E)
Business
    names
The
    Purchaser does not use on its letterhead, books or vehicles or otherwise carry on its
    business under any name other than its corporate name.
(F)
Records
    of the Purchaser
(i)
All the
    accounting records, statutory and other books and records (including the register of
    members), and other deeds documents records, data and information of the Purchaser and its
    pension and benefit schemes (if any) are, and have since its incorporation been, kept up
    to date, properly, accurately and consistently completed and are a complete and accurate
    record of all acts and transactions of the Purchaser and of all matters required by law or
    best business practice to be recorded or registered therein; the Purchaser has not
    received any application or request for rectification of any such registers are in the
    possession of the Purchaser.
(ii)
The
    Purchaser does not have any of its records, systems, controls, data or information
    recorded, stored, maintained, operated or otherwise wholly or partly dependent on or held
    by any means (including any electronic, mechanical or photographic process whether
    computerised or not) which (including all means of access thereto and therefrom) are not
    under the exclusive ownership and direct control of the Purchaser.
(G)
Winding
    up, insolvency
and receivership
(i)
No
    order has been made or petition presented or resolution passed for the winding up of the
    Purchaser and no distress, execution or other process has been levied on any of its
    assets.
(ii)
The
    Purchaser has not stopped payment and is not insolvent nor unable to pay its debts as they
    fall due.
(iii)
No
    administrative or other receiver has been appointed by any person of the business or
    assets of the Purchaser or any part thereof, nor has any order been made or petition
    presented for the appointment of an administrator in respect of the Purchaser.
(iv)
There
    has been no delay by the Purchaser in the payment of any material obligation due for
    payment.
(H)
Guarantees,
    warranties and sureties
No
    person other than the Purchaser has given any guarantee of or security for any overdraft,
    loan or loan facility granted to the Purchaser.
(I)
Documents
All
    title deeds and other documents required to show title to the assets of the Purchaser
    (duly stamped where necessary) and all other documents and agreements to which the
    Purchaser is a party and all other documents, records and correspondence of the Business
    owned by, or which ought to be in the possession of, the Purchaser are in the possession
    of the Purchaser.
13.
CONTRACTS
(A)
Onerous
    contracts
There
    are no long term contracts (i.e. contracts not terminable by the Purchaser without penalty
    on six months' notice or less) or onerous or unusual or abnormal contracts (i.e. contracts
    for capital commitments or contracts differing from those necessitated by the ordinary
    course of business) binding upon the Purchaser, nor is the Purchaser a party to any
    contract which contains any onerous or other provision material for disclsure and no
    expenses or liabilities of a material amount have been incurred before the date of this
    Agreement by the Purchaser otherwise than for the purpose of the Purchaser's business.
(B)
Material contracts
Copies
    of all material contracts to which the Purchaser is a party have been disclosed or will be
    disclosed to the Vendor during the due diligence to be conducted by the Vendor pursuant to
    clause 3.3 of the Agreement and, save as those disclosed, the Purchaser is not a party to
    or subject to any agreement, transaction, obligation, commitment, understanding,
    arrangement or liability which:
(i)
is
    incapable of complete performance in accordance with its terms within six months after the
    date on which it was entered into or undertaken;
(ii)
is
    likely to be unprofitable or result in a loss to the Purchaser on completion of
    performance;
(iii)
cannot
    readily be fulfilled or performed by the Purchaser on time and without undue or unusual
    expenditure of money and effort;
(iv)
involves
    or is likely to involve obligations, restrictions, expenditure or receipts of an unusual,
    onerous or exceptional nature and not in the ordinary course of business;
(v)
requires
    an aggregate consideration payable by the Purchaser in excess of RM50,000 (or its
    equivalent in any other currency);
(vi)
is a
    contract for services (other than contracts for the supply of electricity or normal office
    services);
(vii)
requires
    the Purchaser to pay any commission, finder's fee, royalty or the like; or
(viii)
is in
    any way otherwise than in the ordinary and proper course of the Purchaser's business.
(C)
Performance
    of contracts
(i)
The
    terms of all contracts of the Purchaser have been complied with by the Purchaser and by
    the other parties to the contracts in all respects and there are no circumstances likely
    to give rise to a default by the Purchaser or by the other parties under any such
    contract.
(ii)
All the
    contracts of the Purchaser except those between the Purchaser and its employees are
    assignable by the Purchaser without the consent of any other party.
(iii)
There
    are no outstanding claims, separately or in the aggregate of material amounts, against the
    Purchaser on the part of customers or other parties in respect of defects in quality or
    delays in delivery or completion of contracts or deficiencies of design or performance or
    otherwise relating to liability for goods or services sold or supplied by the Purchaser
    and no such claims are threatened or anticipated and there is no matter or fact in
    existence in relation to goods or services currently sold or supplied by the Purchaser
    which might give rise to the same.
(iv)
The
    Purchaser has no knowledge of the invalidity of or grounds for rescission, avoidance or
    repudiation of any agreement or other transaction to which the Purchaser is a party and
    has received no notice of any intention to terminate, repudiate or disclaim any such
    agreement or other transaction.
(D)
Restrictive
    contracts
There
    are no agreements in force restricting the freedom of the Purchaser to provide and take
    goods and services by such means and from and to such persons as it may from time to time
    think fit.
14.
EMPLOYEES
(A)
Particulars
    of employees
The
    particulars to be disclosed to the Vendor during the due diligence to be conducted by the
    Vendor are true and complete and show in respect of each director, officer and employee of
    the Purchaser his date of birth, the date on which he commenced employment with the
    Purchaser and all remuneration payable and other benefits provided or which the Purchaser
    is bound to provide (whether now or in the future) to each such person and include full
    particulars of all remuneration arrangements (particularly profit sharing, incentive and
    bonus arrangements to which the Purchaser is a party whether binding or not) and each
    director, officer and employee of the Purchaser is listed therein.
(B)
Service
    contracts etc
.
(i)
There
    is no contract of service in force between the Purchaser and any of its directors,
    officers or employees which is not terminable by the Purchaser without compensation on one
    month's notice given at any time.
(ii)
There
    are no consultancy or management services agreements in existence between the Purchaser
    and any other person, firm or company.
(iii)
There
    are no agreements or other arrangements (binding or otherwise) between the Purchaser or
    any employers' or trade association of which the Purchaser is a member and any trades
    union or other body or organisation representing its employees.
(C)
Benefits
(i)
Compliance
    with contractual obligations
There
    are no amounts owing to present or former directors, officers or employees of the
    Purchaser other than not more than one month's arrears of remuneration accrued or due or
    for reimbursement of business expenses incurred within a period of three months preceding
    the date hereof.
(ii)
Obligations
    provided for in the Accounts
Save to
    the extent (if any) to which provision or allowance has been made in the Accounts, the
    Purchaser has not made or agreed to make any payment to or provided or agreed to provide
    any benefit for any present or former director, officer or employee of the Purchaser nor
    any dependent of any present or former director, officer or employee of the Purchaser.
(iii)
Future
    obligations
Save
    as disclosed, no moneys or benefits other than in respect of remuneration or emoluments of
    employment are payable to or for the benefit of any present or former director, officer or
    employee of the Purchaser.
(D)
Liabilities
    and payments
Save to
    the extent (if any) to which provision or allowance has been made in the Accounts:
(i)
no
    liability has been incurred or is anticipated by the Purchaser for breach of any contract
    of employment or for services or for severance payments or for redundancy payments or
    protective awards or for compensation for unfair dismissal or for failure to comply with
    any order for the reinstatement or re-engagement of any employee or for any other
    liability accruing from the termination or variation of any contract of employment or for
    services; and
(ii)
no
    gratuitous payment has been made or promised by the Purchaser in connection with the
    actual or proposed termination or suspension of employment or variation of any contract of
    employment or for services of any present or former director, officer or employee of the
    Purchaser.
(E)
Relevant
    legislation
(i)
Statutory
    compliance etc.
The
    Purchaser has in relation to each of its employees (and so far as relevant to each of its
    former employees) complied with:
(a)
all
    obligations imposed on it by all relevant statutes, regulations and codes of conduct and
    practice affecting its employment of any persons and all relevant orders and awards made
    thereunder and has maintained current, adequate and suitable records regarding the
    service, terms and conditions of employment of each of its employees; and
(b)
all
    collective agreements, recognition agreements and customs and practices for the time being
    affecting its employees or their conditions of service.
(ii)
Notices
The
    Purchaser has not been served with any improvement and/or prohibition notices pursuant to
    any applicable employment or health and safety laws, rules and/or regulations and is not
    in breach of any provisions of any of the foregoing.
(iii)
Claims
    by employees
There
    is no liability or claim against the Purchaser from any employee or former employee
    outstanding or anticipated.
(F)
Redundancies
Within
    a period of one year preceding the date of this Agreement the Purchaser has not given
    notice of any redundancies.
(G)
Termination
    of employment
No
    present director, officer or employee of the Purchaser has given or received notice
    terminating his employment except as expressly contemplated under this Agreement and
    Completion of this Agreement will not trigger any "golden parachute" agreement.
(H)
Share
    and other schemes
The
    Purchaser does not have in existence nor is it proposing to introduce:
(i)
any
    employee share trust, share incentive scheme, share option scheme or profit sharing scheme
    for the benefit of all or any of its directors, officers or employees; or
(ii)
any
    scheme whereunder any director, officer or employee of the Purchaser is entitled to a
    commission or remuneration of any other sort calculated by reference to the whole or part
    of the turnover, profits or sales of the Purchaser.
(I)
Disputes
    and claims
(i)
No
    dispute exists or can reasonably be anticipated between the Purchaser and a material
    number or category of its employees and there are no wages or other claims outstanding
    against the Purchaser by any person who is now or has been a director, officer or employee
    of the Purchaser.
(ii)
The
    Purchaser has not had during the last three years any strike, work stoppages, slow-down,
    work-to-rule or lock-out by its employees, nor is any anticipated.
15.
INTELLECTUAL
    PROPERTY
(A)
Ownership
    and rights
(i)
General
Full
    particulars of all Intellectual Property owned or otherwise exploited or used by the
    Purchaser in any part of the world will be disclosed to the Vendor during the due
    diligence to be conducted by the Vendor. All Intellectual Property exploited or used by
    the Purchaser is in the absolute beneficial ownership of the Purchaser or the Purchaser is
    a 1icensee of the same pursuant to an Intellectual Property Agreement and the Purchaser
    does not own, use, exploit or have any other interest in any Intellectual Property which
    has not been disclosed. In particular but without prejudice to the generality of the
    foregoing, none of the Intellectual Property disclosed is jointly owned by the Purchaser
    and a third party.
(ii)
Enforcement
All
    applications for any Intellectual Property owned, used or otherwise exploited by the
    Purchaser are being diligently prosecuted; patents, registered trademarks and registered
    designs and other similar registered or recorded Intellectual Property rights owned, used
    or otherwise exploited by the Purchaser have been maintained; nothing has been done to
    diminish or otherwise affect the reputation of unregistered trademarks, trade names, brand
    names or get up owned, used or otherwise exploited by the Purchaser; no copying or
    reproduction of the copyright material owned, used or otherwise exploited by the Purchaser
    has been permitted (expressly or by implication); the Technical Information and other
    knowhow owned, used or otherwise exploited by the Purchaser has been kept confidential;
    and (where applicable) all application, registration and renewal fees necessary to
    procure, register, record or maintain the Intellectual Property have been paid.
(iii)
Intellectual
    Property Agreements
All
    Intellectual Property Agreements have been disclosed and are valid and binding; none has
    been the subject of any breach or default by any party thereto or of any event which with
    notice or lapse of time or both would constitute a default; nor are there any disputes,
    claims or proceedings arising out of or relating to the Intellectual Property Agreements.
    The Purchaser has not authorised or otherwise permitted, expressly or by implication, any
    use whatsoever of the Intellectual Property owned, used or otherwise exploited by the
    Purchaser save insofar as any such authority is contained in the appropriate Intellectual
    Property Agreements. The Purchaser does not use or otherwise exploit any Intellectual
    Property belonging to a third party save insofar as it is licensed to do so in the
    appropriate Intellectual Property Agreements. All such agreements have been duly recorded
    or registered with the proper authorities whenever a requirement to do so exists.
SCHEDULE 4
The Subsidiaries
1.
Ren Ren
    Media Group Limited
2.
Good World
    Investments Limited
3.
A-Team
    Resources Sdn Bhd
4.
Beijing
    Ren Ren Health Culture Promotion Limited
5.
ATC
    Marketing Limited
SCHEDULE 5
Accounts
IN
    WITNESS whereof this Agreement has been duly executed by all parties hereto the day
    and year first above written.
SIGNED by
)
for and on behalf of
)
Samata Ventures Sdn Bhd
)        
    /S/ Dato Dr. Ir. Megat Radzman Megat Khairuddin
in the presence of:
)
SIGNED by
)
for and on behalf of
)
Clixster Sdn Bhd
)        
    /S/ Noor Azlan Khamis
in the presence of:
)
SIGNED by
)
for and on behalf of
)
China Media Group
    Corporation
)        
    /S/ Mohd Mahyudin Zainal
in the presence of:
)
SIGNED by
)
for and on behalf of
)
Clixster Mobile Sdn.
    Bhd.
)        
    /S/ Noor Azlan Khamis
in the presence of:
)