EXHIBIT 10.3

[elcr_ex10z3002.gif] [elcr_ex10z3002.gif]

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[elcr_ex10z3004.gif] [elcr_ex10z3004.gif]

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[elcr_ex10z3006.gif] [elcr_ex10z3006.gif]

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[elcr_ex10z3008.gif] [elcr_ex10z3008.gif]

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[elcr_ex10z3010.gif] [elcr_ex10z3010.gif]

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[elcr_ex10z3012.gif] [elcr_ex10z3012.gif]

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[elcr_ex10z3014.gif] [elcr_ex10z3014.gif]

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[elcr_ex10z3016.gif] [elcr_ex10z3016.gif]