MANAGEMENT AGREEMENT

 

This MANAGEMENT AGREEMENT (“Agreement”) is made as of the 30th day of December,
2016 by and between 1-800 NY BULBS LIMITED, a New York corporation with its
principal place of business located at 620 Fayette Avenue, Mamaroneck, N.Y.
10543 (the “Company”), and NY BULBS MANAGEMENT LLC, a New York limited liability
company having its principal place of business at 9 Tyler Road, Scarsdale, N.Y.
10583 (the “Manager”).

 

RECITALS

 

WHEREAS, pursuant to a Stock Purchase Agreement, dated as of December 30, 2016
(the “Purchase Agreement”), by and among Tarsier Ltd., a Delaware corporation
(“Buyer”), and each of RANDALL DAVID SATIN with a residence address of 9 Tyler
Road, Scarsdale, N.Y. 10583 (“Satin”), and LAWRENCE MERSON with a residence of
132 Saxon Woods, Scarsdale, NY 10583 (“Merson”), upon the consummation of the
transactions contemplated by the Purchase Agreement, the Company will become a
wholly-owned subsidiary of Buyer;

 

WHEREAS, upon the closing of the transactions contemplated by the Purchase
Agreement, Satin and Merson, as the holders of common stock of the Company, will
receive a 100% of the consideration being paid by Buyer pursuant to the Purchase
Agreement;

 

WHEREAS, in consideration of the benefits to be derived by the Manager under
this Agreement and by Satin and Merson under the Purchase Agreement, the Manager
Satin and Merson are willing to undertake certain restrictions on the their
respective business activities from and after the date hereof upon the terms and
conditions set forth herein;

 

WHEREAS, the Company desires that the Manager, after the consummation of the
transactions contemplated by the Purchase Agreement will provide services to the
Company in accordance with the terms and conditions set forth herein and will
employ the services of Satin and Merson in furtherance thereof; and

 

WHEREAS, the Company and the Manager desire to enter into this Agreement which
will set forth the terms and conditions upon which the Manager shall provide
management services to the Company and upon which the Company shall compensate
the Manager.

 

NOW THEREFORE, in consideration of the foregoing and of the respective covenants
and agreements of the parties herein contained and intending to be legally
bound, the parties hereto agree as follows:

 

Section 1. Term. Subject to the provisions of Section 5 hereof, the term of this
Agreement shall commence on the date hereof and shall continue for a term
commencing on the date hereof and ending on December 31, 2019 (the “term of this
Agreement” or the “Term”).

 

Section 2. Services to Be Provided.

 

(a) Services. During the term of this Agreement, Company shall retain the
Managerto act as the Company’s full-time basis as General Manager of the
Company, or such other comparable services as may be mutually agreed by the
Manager and by the Board of Directors of the Company (the “Board”). As the
Company’s General Manager, the Managers shall work to develop new products and
offerings, and other duties as may be assigned to them by the Board, consistent
with the Manager’s position and as are customarily incident to such position.
The Manager will diligently perform such reasonable duties in connection with
the business and affairs of the Company as set forth above and in furtherance
thereof intends and expects to employee Satin and Merson.

 

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(b) Acceptance of Retention. The Manager hereby agrees to be so retained to
provide the services described in Section 2(a) above.

 

(c) Full-Time Service. During the term of this Agreement the Manager agree to
devote such time and attention to the business and affairs of the Company and to
use its best efforts to perform faithfully and efficiently the responsibilities
assigned to the Manager hereunder.

 

(d) Required Management Meetings. Although the Manager is expected to have Satin
and Merson (it’s “Principals”) travel extensively each month to meet with
customer prospects or to supervise projects, the Manager shall be required to
cause or both of its Principals to attend a management meeting in the Company’s
offices with the CEO, with such meetings expected to be no less frequent than
monthly.

 

Section 3. Compensation.

 

(a) Retainer. During the Term, the Company shall pay to the Manager to the sum
of thirty thousand dollars ($30,000) per month (the “Retainer”), pro rated for
any partial months under this Agreement. The Retainer shall be paid in advance
on the first business day of each calendar month. Each Manager shall be entitled
to fifty percent (50%) of the Retainer.

 

(b) Vacations. The Manager shall undertake to limit the vacation time to be
taken by each of its Principals to two (2) weeks and to limit their personal or
sick days to ten (10) days during each full calendar year during the Term Any
such time that is not taken during a calendar year during the Term, shall not
carry over to the subsequent year. Manager’s Principals shall also render
services to the Company on paid holidays observed by the Company’s management
employees and/or executives.

 

(c) Failure to Pay Retainer. In the event that the Company fails to pay any
monthly installment of the Retainer, the same shall not be a breach of this
Agreement; provided, that the Company has remedied such failure by timely paying
such amount no later than the due of the following monthly Retainer. Failure of
the Company to timely pay the monthly Retainer payment more than twice in any
thirty six (36) month period shall be considered a material default of the
provisions of this Agreement.

 

Section 4. Independent Contractors. The Company acknowledges that the Manager
has been retained solely to provide the services set forth in this Agreement. In
rendering such services, the Manager will act as an independent contractor, and
The Company acknowledges that nothing in this Agreement is intended to create
duties to the Company beyond those expressly provided for in this Agreement, and
the Manager and the Company specifically disclaim the creation of any fiduciary
relationship between, or the imposition of any fiduciary duties on, either
party, solely pursuant to this Agreement. The Manager shall not be entitled to
any fringe benefits from the Company for its Principals, including, without
limitation, retirement, life, disability and health insurance, and coverage
under workers’ compensation and unemployment compensation laws.

 

Section 5. Termination. Either Manager’s retention hereunder may be terminated
without any breach of this Agreement under the following circumstances:

 

(a) Death. The death of both Principals.

 

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(b) Disability. The total disability of both Principals defined. A Principal’s
Total Disability is defined as a Principal’s If having been absent from his
duties on a full-time basis for thirty (30) consecutive days or sixty (60) days
in any one-year period, The term “Disability”, when used herein, shall mean a
mental or physical condition which, in the reasonable opinion of a medical
doctor selected by the Board (excluding the vote of the Principal being
assessed, if such Principal is a Board member), can be expected to be permanent
or to be of an indefinite duration and that renders such Principal unable to
carry out the job responsibilities held by, or the tasks assigned to, such
Principal immediately prior to the time the disabling condition was incurred, or
that entitles such Principal to receive disability payments under any long-term
disability insurance policy that covers such Principal. Each Principal hereby
agrees to submit himself for appropriate medical examination to the medical
doctor selected by the Board as necessary for the purposes of this Section
promptly upon request of the Board.

 

(c) Discharge for Cause. The Company may terminate either Manager’s engagement
under this Agreement for Cause. For purposes of this Agreement, the Company
shall have “Cause” to terminate a Manager’s engagement if such Manager or one of
its Principals: (i) breaches or fails to perform any of its his material
covenants, commitments, duties, or obligations under this Agreement; (ii)
embezzles, misappropriates or converts to its own use or for its personal
benefit any the Company funds, or a the Company business opportunity; (iii)
destroys, or converts to its own use or for its personal benefit, any material
property of the Company, without the Company’s consent; (iv) is convicted of, or
enters a guilty or “no contest” plea with respect to a felony or a crime of
moral turpitude (whether or not a felony) unless the felony or crime is a
traffic-related offense; (v) is habitually intoxicated while performing services
for the Company, other than in a predominantly social environment; (vi) violates
federal or state securities or banking laws, rules or regulations, or violates
the rules or regulations of stock exchange on which the Company (or Buyer) is,
or may become, listed or included during the Term, for which the Manager or
Principal is found guilty or liable, for which the Manager or Principal agrees
to pay fines or suffer sanctions or injunctive relief whether or not it is found
to be guilty or liable; (vii) engages in misconduct or activities which a
reasonable person would find to be materially injurious to the Company or its
subsidiaries; or (viii) is found guilty at any time in any harassment procedures
brought on by any of the Company’s employees. The Company shall not have the
right to terminate the Manager’s engagement pursuant to clauses (i) or (vii) of
this Section unless the Company has provided ten (10) days written notice to the
Manager of such failure or breach and the Manager or Principal has not cured
such failure or breach within ten (10) days from the receipt of such notice.

 

(d) Termination with Good Reason. The Manager may resign during the term of this
Agreement for Good Reason. For purposes of this Agreement, the term “Good
Reason” shall mean (i) the Company breaches or fails to perform any of its
material commitments, duties, or obligations under this Agreement and such
breach or failure continues for a period of thirty (30) days after the Company
is provided with written notice of such breach or failure; (ii) a significant
reduction by the Company in the nature or scope of the authority of, such duties
or responsibilities assigned to or held by such Manager that are inconsistent
with such Manager’s role with the Company without such Manager’s consent; (iii)
a transfer or relocation of the site from which the Manager provides services to
the Company hereunder, without the Manager’s express written consent, to a
location more than fifty (50) miles from the location of the Manager’s then
current principal location of from which the Manager provides services to the
Company hereunder (excluding business travel) or (iv) the Company fails to
remedy a failure to make a monthly Retainer payment pursuant to Section 3(c)
above (a “Payment Failure”). .

 

(e) Termination for Failure to Pay Retainer. In the event of a Payment Failure
the restrictive covenants contained in this Agreement and in the Purchase
Agreement shall thereafter be considered null and void and of no further force
or effect.

 

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(f) Notice of Termination. Any termination of the Manager by the Company or by
the Manager pursuant to Section 5 hereof shall be communicated by written Notice
of Termination to the other party in accordance with Section 17 hereof. For
purposes of this Agreement, a “Notice of Termination” shall mean a notice which
shall indicate the specific termination provision in this Agreement relied upon
and shall set forth in reasonable detail the facts and circumstances, if any,
claimed to provide a basis for termination of the Manager’s engagement under the
provision so indicated.

 

(g) Date of Termination. The term “Date of Termination” shall mean (i) if the
Manager’s engagement is terminated by death, the date of death of the second
Principal to die, (ii) if the Manager’s engagement is terminated pursuant to
Section 5(b) hereof, ten (10) days after the Company’s notice is given (provided
that such Principal shall not have returned to the performance of his duties on
the basis provided for in Section 2 hereof during such ten (10) day period),
(iii) if the Manager is terminated pursuant to Section 5(c), one day after the
Notice of Termination is given, or (iv) if the Manager is terminated pursuant to
Section 5(d), ten (10) days after the Notice of Termination, or upon such date
set forth in the notice if such date is more than ten (10) days after the giving
of the Termination Notice, (v) if the Manager’s is terminated pursuant to
Section 5(e), upon the date the Notice of Termination is delivered; and (vi) if
this Agreement terminates at the end of the Term, the date of such termination.

 

Section 6. Compensation upon Termination.

 

(a) Cause. If the Manager’s engagement shall be terminated for Cause by the
Company, the Company shall have no further obligation or liability to the
Manager for compensation hereunder, except that the Company shall pay to the
Manager the portion, if any, of such Manager’s share of the Retainer for the
period up to the Date of Termination that remains unpaid.

 

(b) For Good Reason. If the Manager’s engagement shall be terminated for Good
Reason by, the Company shall continue to pay Manager the Retainer in accordance
with Section 4(a) for a period of the shorter of (A) two (2) months from the
Date of Termination, or (B) the length of time from the date of termination
until the end of the Term, had the Manager’s engagement not been terminated.

 

(c) Payment Failure. If the Manager’s engagement shall be terminated by such for
the occurrence of a Payment Failure, (i) the Company shall have no further
obligation or liability to the Manager for compensation hereunder, except that
the Company shall remain obligated to pay to Manager the Retainer for the period
up to the Date of Termination that remains unpaid; and (ii) the provisions of
Section 8 shall terminate and be of no further effect.

 

Section 7. Confidential Information.

 

(a) Defined. During the Term, the Company may provide the Manager and its
Principal with access to, and may confide in the Manager and its Principals and
the Manager and its Principals have or may prepare or create, information,
business methods and systems, techniques and methods of operation and Trade
Secrets (as hereinafter defined) developed by the Company and that the Manager
and its Principals recognize to be unique assets of the Company’s business (but
excluding therefrom information that is in the public domain or recognized in
the industry as standard industry practice) (the foregoing, subject to such
exclusion (“Trade Secrets”), which the Managers recognize constitute trade
secrets as defined in the Uniform Trade Secrets Act Section 1(4). Such Trade
Secrets, as well as all confidential and proprietary information of the Company,
including, but not limited to, information relating to strategic plans, costs,
profits or the business affairs and financial condition of the Company, or any
of its vendors or customers, or any of the Company’s business methods, systems,
or techniques, excluding such information that is in the public domain,
recognized in the industry as standard industry practice, or generally known
within the industry, is considered confidential (collectively, “Confidential
Information”).

 

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(b) Prohibited Acts and Continuing Obligations. The Manager and its Principals
shall not, during or after the expiration of this Agreement, directly or
indirectly, in any manner disclose to any person, firm, corporation, association
or other entity, any portion of the Confidential Information or use any portion
of the Confidential information for any purpose unrelated to the business of the
Company, except for such disclosures that may be required by law. The Manager
and its Principals further agree that, upon the Company’s request, each of them
will promptly deliver to the Company all of the Company’s Confidential
Information and any other material in any medium in their possession relating in
any way to the business of the Company, whether confidential or not, on or
before the Manager’s Date of Termination. In the event that the Manager or its
Principals are requested or required (by oral question or written request for
information or documents in any legal proceeding, interrogatory, subpoena, civil
investigative demand, or similar legal proceeding) to disclose any Confidential
Information, it or he will notify the Company promptly of the request or
requirement so that the Company may seek a protective order, and the Manager or
its Principal shall not disclose such Confidential Information unless the
Company fails to promptly and diligently seek a protective order or such
protective order is denied, or such disclosure is required in the opinion of the
Manager’s or Principal’s counsel. For the avoidance of doubt, if the Company
does not seek a protective order in accordance with the rules and procedures of
the applicable jurisdiction prior to the time that the Manager or Principal is
compelled to provide information or documents pursuant to the aforementioned
request or requirement, the Company shall be deemed to have failed to seek a
protective order in a prompt and diligent manner for the purposes of this
Section 7(b).

 

(c) The Company. For the purposes of this Section 7, the term “the Company”
shall include all subsidiaries and the parent of the Company in existence from
time to time.

 

Section 8. Noninterference; Non-competition.

 

(a) Noninterference. The Manager and each of its Principals agree that during
the Term and for a period of twelve (12) months following the Date of
Termination, the Manager and its Principals will not, directly or indirectly,
for their selves or on behalf of any third party, at any time or in any manner,
directly or indirectly: (i) solicit, entice, persuade, induce, request or
otherwise cause any employee, officer or agent of the Company to refrain from
rendering services to the Company or to terminate his relationship, contractual
or otherwise, with the Company; or (ii) induce or attempt to influence any
customer, vendor or other contractor, or prospective customer, vendor or other
contractor then being actively solicited by the Company, to cease or refrain
from doing business or to decline to do business with the Company. It shall not
be a breach of the covenant set forth in this Section 8(a) for the Manager on
behalf of himself or a third party to hire a former employee of the Company
whose employment relationship with the Company terminated at least six (6)
months prior to such hiring, without any involvement, directly or indirectly, on
the part of the Manager or a Principal of the Manager provided such former
employee approaches the Manager for employment without being solicited in any
way by the Manager or its Principals.

 

(b) Non-competition. The Manager and each of its Principals agree that during
the Term and for a period of twelve (12) months following the Date of
Termination, they will not, directly or indirectly, own, manage, operate, join,
control, finance or participate in the ownership, management, operation, control
or financing of, or be connected as an officer, director, executive, partner,
principal, agent, representative, consultant or otherwise with, any business,
firm, person, partnership, corporation or other entity that is engaged in the
development, construction, brokering or in the rendering of advisory services
related to the business of buying, selling, distributing, leasing, servicing,
repairing or maintaining and otherwise dealing in light bulbs, electrical
supplies, lighting systems and fixtures, and associated equipment including any
such activities involving solid state or LED lighting (collectively, the
“Lighting Business”) in the United States of America. Notwithstanding the
foregoing, the foregoing shall not preclude ownership by the Manager or one of
its Principals of not more than five percent (5%) of the issued and outstanding
stock of any publicly traded Business. The term “Business” means such business
as the Company is engaged in on the Date of Termination including, without
limitation, the Lighting Business, in each case, (1) for so long as the Company
continues to engage in such business and (2) in the vertical markets in which
the Company provides such services in on the Date of Termination.

 

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(c) Severability. If any term or provision of this Section 8 shall be determined
by a court of competent jurisdiction to be unenforceable because of the scope or
duration thereof or the geographic area included therein, the parties hereto
expressly agree that the court making such determination shall have the power to
reduce the scope and duration and restrict the geographic area of such term or
provision in such manner as the court shall deem necessary in order to permit
enforcement of such term or provision.

 

(d) The Company. For the purposes of this Section 8, the term “the Company”
shall include all subsidiaries and the parent of the Company in existence from
time to time.

 

Section 9. Intellectual Property Disclosure and Assignment.

 

(a) Disclosure. The Manager and each of its Principals shall, promptly and fully
disclose to the Company, with all necessary detail, (i) all developments,
know-how, software, discoveries, inventions, improvements, concepts, ideas,
formulas, processes and methods, Trade Secrets and other intellectual property
rights (whether copyrighted, copyrightable, patented, patentable or otherwise)
related to the Lighting Business (collectively, the “Intellectual Property”)
made, received, conceived, acquired, written or reduced to practice by the
Manager or its Principals (whether or not at the request or upon the suggestion
of the Company), solely or jointly with others, in the course of and related to
such Manager’s engagement by the Company.

 

(b) Assignment and Transfer. The Manager and each of its Principals hereby
assigns and transfers to the Company all of his right, title and interest in and
to all of the Intellectual Property, and agrees that they shall, without any
additional compensation, at any time or from time to time promptly upon the
request of the Company or its successors or assigns, do, execute, acknowledge
and deliver, or cause to be done, executed, acknowledged and delivered, to the
Company or its successors or assigns, as the case may be, all such further acts,
transfers, assignments, deeds, powers and assurances of title, and additional
papers and instruments, and shall do or cause to be done all acts or things as
often as may be proper or necessary or advisable for better assuring, conveying,
transferring, assigning, protecting and safeguarding the Intellectual Property,
and effectively to carry out the intent hereof, and to vest in the Company the
entire right, title and interest of the Manager or Principal in and to all of
the Intellectual Property, including applications for and assignments of patents
and copyrights, and all renewals thereof as may be necessary to obtain patents
and copyrights in any and all countries, and the Manager or Principal shall
cooperate in the defense of any claims or demands with respect to the
Intellectual Property.

 

(c) Records. The Manager and each of its Principals agree that, in connection
with any services performed for the Company, it or he will use best efforts to
maintain careful, adequate and contemporaneous written records of Intellectual
Property, which records shall be the property of the Company.

 

(d) The Company. For the purposes of this Section 9, the term “the Company”
shall include all direct and indirect subsidiaries or the parent of the Company
in existence from time to time.

 

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Section 10. Injunctive Relief. The Manager and each of its Principals
acknowledges and agrees that, in the event they shall violate any of the
restrictions of Sections 7, 8 or 9 hereof, the Company will be without an
adequate remedy at law and will therefore be entitled to enforce such
restrictions by temporary or permanent injunctive or mandatory relief in any
court of competent jurisdiction without the necessity of proving damages and
without prejudice to any other remedies which it may have at law or in equity,
and without the necessity of posting a bond or other surety. The Manager and
each of its Principals acknowledges and agrees that, any such relief maybe
sought in any jurisdiction having proper jurisdiction.

 

Section 11. No Prior Agreements. The Manager and each of its Principals
represent that they is not a party to, or otherwise subject to or bound by the
terms of, any contract, agreement, or understanding which in any manner would
limit or otherwise affect his ability to perform his obligations hereunder,
including, without limitation, any contract, agreement, or understanding
containing any provision limiting their right to compete with a prior employer.
In the event that a representation in this Section 11 is not accurate and the
Company is required to expend sums in defense or settlement of, or in
satisfaction of any judgment on, an action brought by a former employer of
regarding the relationship created herein, the Manager will indemnify and hold
the Company harmless from such action including, but not limited to, all
damages, attorneys’ fees, court costs or other sums reasonably incurred by the
Company. The foregoing indemnification shall be without prejudice to any other
remedies which the Company may have at law or in equity.

 

Section 12. Expenses. Each party agrees to reimburse the other party for any
reasonable expenses (including attorneys’ fees) incurred by it or him in
enforcing the provisions hereof if the other party prevails in that enforcement.

 

Section 13. Indemnification. Each Principal will indemnify the Company from any
actions, which shall arise from any harassment suits, whether they have occurred
prior to or after this agreement.

 

Section 14. Binding Agreement. This Agreement and all rights of the Manager
hereunder shall inure to the benefit of and shall be binding upon the Manager’s
respective personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. The Manager shall assign
any of his rights or delegate any of its obligations under this Agreement. This
Agreement shall not be assignable by the Company, except to the extent set forth
in the following provisions of this Section 14. Notwithstanding the foregoing,
nothing in the Agreement shall preclude the Company from consolidating or
merging into or with or transferring all or substantially all of its equity or
assets to another person or entity. In that event, such other person or entity
shall assume this Agreement and all obligations of the Company hereunder. Upon
such consolidation, merger, or transfer of equity or assets and assumption, the
term the “Company” as used herein, shall mean such other person and this
Agreement shall continue in full force and effect.

 

Section 15. Entire Agreement. This Agreement constitutes the full and complete
understanding and agreement of the Manager and the Company respecting the
subject matter hereof, and supersedes all prior understandings and agreements,
oral or written, express or implied. This Agreement may not be modified or
amended orally, but only by an agreement in writing, signed by the party against
whom enforcement of any waiver, change, modification, extension or discharge is
sought.

 

Section 16. Headings. The section headings of this Agreement are for convenience
of reference only and are not to be considered in the interpretation of the
terms and conditions of this Agreement.

 

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Section 17. Notices. Any notice required or permitted to be given under this
Agreement shall be in writing and shall be deemed to have been given when (i)
delivered in person, (ii) sent by certified mail, postage prepaid, (iii)
delivered by a nationally recognized overnight delivery service or (iv) sent by
telecopy, provided that a confirmation copy is sent via a nationally recognized
overnight delivery service on the same business day, addressed, if to the
Company, at the Company’s executive offices, Attention.: Chairman of the Board
of Directors, and if to the Manager or Principal at their address first set
forth above, with a copy sent via certified mail, return receipt requested, to
any attorney designated by the Manager in writing to the Company prior to the
Company giving the notice in question. Any party may change the person and
address to which notices or other communications are to be sent by giving
written notice of such change to the other party in the manner provided herein
for giving notice.

 

Section 18. Waiver of Breach. No waiver by either party of any condition or of
the breach by the other of any term or covenant contained in this Agreement
shall be effective unless it is in writing and signed by the aggrieved party. A
waiver by a party hereto in anyone or more instances shall not be deemed or
construed as a further or continuing waiver of any such condition or breach or a
waiver of any other condition, or of the breach of any other term or covenant
set forth in this Agreement. Moreover, the failure of either party to exercise
any right hereunder shall not bar the later exercise thereof.

 

Section 19. Governing Law. This Agreement shall be governed by the internal laws
of the State of New York, without regard to conflicts of laws principles.

 

Section 20. Representation by Counsel; Interpretation. Each party acknowledges
that it or he has been represented by counsel, or has been afforded the
opportunity to be represented by counsel in connection with this Agreement and
the transactions contemplated hereby. Accordingly, any rule or law or any legal
decision that would require the interpretation of any claimed ambiguities in
this Agreement against the party that drafted it has no application and is
expressly waived by the parties. The provisions of this Agreement shall be
interpreted in a reasonable manner to give effect to the intent of the parties
hereto.

 

Section 21. Continuation of Covenants. The provisions of Sections 6, 7, 8, 9,
10, 11 and 20 hereof shall survive any termination of the Manager’s engagement
or termination of this Agreement, and shall continue thereafter; provided, that
the covenants and agreements of the Manager and its Principals in Section 8
shall expire as expressly set forth in Section 8.

 

Section 22. Invalidity or Unenforceability. If any term or provision of this
Agreement is held to be invalid or unenforceable, for any reason, such
invalidity or unenforceability shall not affect any other term or provision
hereof and this Agreement shall continue in full force and effect as if such
invalid or unenforceable term or provision (to the extent of the invalidity or
unenforceability) had not been contained herein.

 

Section 23. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original, but all of which
together will constitute one and the same instrument.

 

[Remainder of Page Intentionally Left Blank; Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above written.

 

NY BULBS MANAGENT LLC         By: /s/ Randall David Satin     Randall David
Satin, Member         By: /s/ Lawrence Merson     Lawrence Merson, Member      
  1-800 NY BULBS LIMITED         By: /s/ Isaac H. Sutton     Isaac H. Sutton,
Director  

 

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