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DATED: 10 July 2007
CORP./55844-5/HSLO/PYYL : HK:8503BB_96(8)
(Offline)

Agreement

between

Investec Bank (UK) Limited

LP Asset Management Limited

Full Moon Resources Limited
as Noteholders

and

Lightscape Technologies Inc.
as Company

and

Bondy Tan
as Guarantor

relating to

the redemption of 60 US$100,000 10 per cent.
redeemable convertible notes due on 31 December 2009

[sslogo.gif]
35th Floor Cheung Kong Center 2 Queen’s Road Central Hong Kong
T (852) 2868 1131 F (852) 2810 5040 DX 009121 Central 1

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CONTENTS

1. Interpretation 1       2. Redemption of Convertible Notes 3       3. Payment
of the Redemption Amount 4       4. Completion 6       5. Warranties 6       6.
Guarantees 8       7. Confidentiality 9       8. Announcements 10       9.
Provisions relating to this Agreement 10       10. Law and Jurisdiction 13

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THIS AGREEMENT is dated the 10th day of July 2007 and made

BETWEEN:

(1)

Investec Bank (UK) Limited, (“Investec”) registered in United Kingdom and having
its registered office at 2 Gresham Street, London EC2V 7QP, United Kingdom;

    (2)

LP Asset Management Limited, (“LP Asset”) registered in the British Virgin
Islands and having its registered office at 2nd Floor, Abbott Building, P.O. Box
933, Road Town, Tortola, British Virgin Islands;

    (3)

Full Moon Resources Limited, (“Full Moon”) registered in the British Virgin
Islands and having its principal place of business at 33/F Alexandra House,
16-20 Chater Road, Central, Hong Kong;

   

Investec, LP Asset and Full Moon are collectively referred to as the
“Noteholders”.

    (4)

Lightscape Technologies Inc. (formerly called Global Innovative Systems Inc.), a
company incorporated in the State of Nevada, United States of America, (the
“Company”), having its registered office at 3155 East Patrick Lane, Suite 1, Las
Vegas, NV 89120- 3481, Nevada, USA; and

    (5)

BONDY TAN, (the “Guarantor”) (HKID number D500769(1)) of 2A, Tower 5,
Pacificview, 38 Tai Tam Road, Hong Kong.

BACKGROUND:

(A)

The Noteholders and the Company have agreed to have the Company redeem the
Convertible Notes (as defined below) held by the Noteholders, on and subject to
the terms of this Agreement.

    (B)

The Guarantor has agreed to guarantee the obligations of the Company under this
Agreement.

    (C)

The Guarantor and the Noteholders have, concurrently with the signing of this
Agreement, entered into a Charge over Shares whereby the 6,974,546 shares in
Lightscape Technologies Inc. legally and beneficially owned by the Guarantor and
entities controlled by the Guarantor have been charged in favour of the
Noteholders.

THE PARTIES AGREE THAT:

1.

Interpretation

    1.1

Definitions

   

In this Agreement where the context admits:

   

"Accrued Interest" means all interest accrued and remaining outstanding from
time to time and for the time being and payable by the Company on the
Convertible Notes under the Conditions thereof, including but not limited to (i)
the fixed rate interest payable quarterly on the principal amount of the
Convertible Notes as provided in Condition 2(A); (ii) any additional interest
provided in Condition 2(B); and (iii) any penalty interest provided in Condition
2(C).

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“Authority” means any competent governmental, administrative, supervisory,
regulatory, judicial, determinative, disciplinary, enforcement or tax raising
body, authority, agency, board, department, court or tribunal of any
jurisdiction and whether supranational, national, regional or local.

     

"Business Day" means a day (other than a Saturday or Sunday) on which banks are
open for ordinary face to face banking business in Hong Kong.

     

"Completion" means completion of the redemption of the Convertible Notes in
accordance with clause 4.

     

"Completion Date" means the day on which Completion takes place.

     

“Conditions” means the terms and conditions of the Convertible Notes, and
“Condition” means any one of such terms and conditions.

     

"Confidential Information" means the confidential information set out in clause
7.1(A).

     

“Consent” means any approval, consent, ratification, waiver or other
authorisation.

     

"Convertible Notes" means the 60 US$100,000 10 per cent. redeemable convertible
notes due on 31 December 2009 issued by the Company to be redeemed pursuant to
clause 2.

     

"Group" means the Company and each of its subsidiaries.

     

"Hong Kong" means the Hong Kong Special Administrative Region of the People’s
Republic of China.

     

“Interest Amount” means the amount of Accrued Interest on the Convertible Notes
(or a proportion of the Convertible Notes) as of each Payment Date as provided
in clause 3.2 and for such period(s) stipulated in clause 3.2.

     

“Payment Dates” means the dates on which the Company is obliged to pay part of
the Redemption Amount as stipulated in clause 3.2, or such other date as the
Noteholders may agree in writing, and “Payment Date” means any one of such
dates.

     

"Principal Amount" means the amount representing the principal amount of the
Convertible Notes.

     

"Redemption Amount" has the meaning given to that term in clause 3.1.

     

"Warranties" means the warranties set out in clause 5 given by the Company.

      1.2

Construction of certain references

     

In this Agreement, where the context admits:

      (A)

words and phrases the definitions of which are contained or referred to in the
Companies Ordinance (Chapter 32 of the Laws of Hong Kong) shall be construed as
having the meanings thereby attributed to them;

      (B)

references to clauses are references to clauses of this Agreement;

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  (C)

references to the singular shall include the plural and vice versa and
references to the masculine, the feminine and the neuter shall include all such
genders;

        (D)

"person" includes any individual, partnership, body corporate, corporation sole
or aggregate, state or agency of a state, and any unincorporated association or
organisation, in each case whether or not having separate legal personality;

        (E)

"company" includes any body corporate; and

        (F)

references to “indemnify” and “indemnifying” any person against any liability or
circumstance include indemnifying him and keeping him harmless from all actions,
claims, demands and proceedings from time to time made against that person and
all losses, damages, payments, costs and expenses (including legal costs and
expenses on a full indemnity basis) made, suffered or incurred by that person as
a consequence of or which would not have arisen but for that liability or
circumstance.

1.3

Headings

   

The headings and sub-headings are inserted for convenience only and shall not
affect the construction of this Agreement.

    2.

Redemption of Convertible Notes

    2.1

Redemption

   

Notwithstanding any provision in the Conditions to the contrary, subject to the
terms of this Agreement, the Company shall redeem from each of the Noteholders
all of the Convertible Notes held by it. Set forth below are the details of the
Convertible Notes held by each of the Noteholders and the Redemption Amount to
which it is entitled:

 Name of Noteholder Number of Principal Amount Proportion of   Convertible Notes
of Convertible Redemption Amount     Notes Entitled         Investec 35 US$3.5
million 58.33%         LP Asset 15 US$1.5 million 25%         Full Moon 10 US$1
million 16.67%

2.2

No partial redemption

   

Neither the Noteholders nor the Company shall be obliged to complete the
redemption of any of the Convertible Notes unless the redemption of all the
Convertible Notes is completed simultaneously.

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3.

Payment of the Redemption Amount

        3.1

Amount

       

The Convertible Notes shall be redeemed by the Company on the basis of the
Principal Amount and the aggregate Interest Amount as provided in clause 3.2
(collectively the “Redemption Amount”). Payment of such Redemption Amount shall
be paid to the Noteholders in accordance with clause 2.1.

        3.2

Payment Dates

       

The Company shall pay the Noteholders the Redemption Amount in cash by bank
draft in four instalments on or before each of the dates set forth below:

        (A)

on or before 10 July 2007, an amount equal to the aggregate of:

        (1)

one-sixth (1/6) of the Principal Amount; and

        (2)

an amount equal to the Interest Amount on all of the Convertible Notes as at 10
July 2007 (specifically including but not limited to all interest due to the
Noteholders in respect of the quarter ended 30 June 2007);

        (B)

on or before 16 July 2007, an amount equal to the aggregate of:

        (1)

one-third (1/3) of the Principal Amount; and

        (2)

an amount equal to the Interest Amount on five-sixth (5/6) of the Convertible
Notes from 11 July to 16 July 2007 inclusive;

        (C)

on or before 30 July 2007, an amount equal to the aggregate of:

        (1)

one-fourth (1/4) of the Principal Amount; and

        (2)

an amount equal to the Interest Amount on one-half (1/2) of the Convertible
Notes from 17 July to 30 July 2007 inclusive; and

        (D)

on or before 13 August 2007, an amount equal to the aggregate of:

        (1)

one-fourth (1/4) of the Principal Amount; and

        (2)

an amount equal to the Interest Amount on one-fourth (1/4) of the Convertible
Notes from 31 July to 13 August 2007 inclusive.

        3.3

Failure to make payment

       

Notwithstanding any other provision in this Agreement to the contrary, if the
Company fails to make payment as required by clause 3.2, the Noteholders may at
their option by notice in writing served on the Company:

        (A)

terminate this Agreement forthwith;

        (B)

extend any of the payment deadlines associated with the Payment Dates stipulated
in clause 3.2 (with consequential changes to the Interest Amount payable); or

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  (C)

where payment(s) has or have been made in accordance with clause 3.2 but short
of full payment thereunder (the aggregate of such payments referred to herein as
“Part Payment”), accept partial performance by the Company of its obligations
under this Agreement as provided in clause 3.5.

3.4

Termination

     

The Noteholders may terminate this Agreement forthwith if the Company or the
Guarantor breaches any of its or their obligations under this Agreement.
Termination of this Agreement pursuant to this clause 3.4 or clause 3.3(A) shall
not affect the Noteholders’ rights against the Company and/or the Guarantor.

      3.5

Partial performance

     

If the Noteholders accept partial performance by the Company of its obligations
under this Agreement as provided in clause 3.3(C):

      (A)

Each Noteholder shall deliver to the Company for redemption the number of
Convertible Notes (rounded down to the nearest whole number) held by it as
follows:

Number of Convertible Bonds to be redeemed (rounded down) = That Noteholder’s
Proportionate Share of the Net Redemption Amount divided by 100,000

“Net Redemption Amount” is the amount of the Part Payment less US$500,000.

For the purposes of illustration only:

If Part Payment amounts to US$4,000,000:

The Net Redemption Amount is US$4,000,000 less US$500,00 = US$3,500,000

Number of Convertible Bonds held by Investec to be redeemed (rounded down) is:

58.33% x 3,500,000/100,000 = 20

A Noteholder’s “Proportionate Share” is the percentage figure set forth in the
last column of the table in clause 2.1.

  (B)

With respect to the amount of the Part Payment that is not utilised for the
redemption of Convertible Notes as provided above, Noteholders shall be entitled
absolutely to that amount in accordance with their respective Proportionate
Share.

        (C)

Forthwith upon notice being served of the Noteholders’ acceptance of partial
performance pursuant to clause 3.3(C), the Guarantor shall pay to each
Noteholder its Proportionate Share of the amount resulting from the following:

“X” less the amount of the Part Payment

where “X” is the Principal Amount of all the Convertible Notes (i.e.
US$6,000,000) plus Accrued Interest thereon up to and including the date of

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actual payment by Guarantor of all amounts due by him under this Agreement.

  (D)

Against receipt by the Noteholders of all monies payable by the Guarantor under
this clause 3.5, each Noteholder shall transfer to the Guarantor all remaining
Convertible Bonds held by it.

3.6

Noteholders’ undertakings in relation to additional convertible bonds

     

Each of the Noteholders undertakes with the Company that, subject to Completion
taking place and with effect from Completion, each of the Noteholders shall
relinquish and forfeit its right to acquire further convertible bonds from the
Company (as may be prescribed under existing contractual arrangements between
the Company and each of the Noteholders). In addition, prior to Completion none
of the Noteholders shall exercise such rights to acquire further convertible
bonds from the Company.

      4.

Completion

      4.1

Date and place of Completion

     

Completion shall take place at the offices of Simmons & Simmons at 35/F Cheung
Kong Center, 2 Queens Road Central, Hong Kong, at 2:30 pm on 13 August 2007.

      4.2

Noteholders’ obligations

     

On Completion the Noteholders shall, subject to the due performance by the
Company of its obligations under clauses 3 and 4.3 and subject to all of the
Warranties remaining true and accurate in all respects, deliver to the Company:

      (A)

the certificates representing the Convertible Notes; and

      (B)

a letter to the Company confirming under seal that none of the Noteholders shall
claim against the Company, its subsidiaries and each of such entities’
directors, officers and shareholders for damages in relation to matters or
events up to and including the date of such Completion.

      4.3

Company's obligations

     

On Completion the Company shall:

      (A)

redeem all of the Convertible Notes; and

      (B)

pay to the Noteholders the amount of the Redemption Amount remaining to be paid
as provided in clause 3.2(D) by bank draft.

      4.4

Completion only upon full payment of Redemption Amount

     

For the avoidance of doubt, Completion shall only occur upon full receipt of the
Redemption Amount by each of the Noteholders.

      5.

Warranties

The Company warrants to the Noteholders as follows:-

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5.1

the Company is validly incorporated, in existence and duly registered under the
laws of the jurisdiction of its incorporation;

      5.2

the Company has the requisite power and authority to enter into and perform this
Agreement;

      5.3

this Agreement constitutes binding obligations of the Company in accordance with
its terms;

      5.4

no order has been made and no resolution has been passed for the winding up of
the Company or for a provisional liquidator to be appointed in respect of it and
no petition has been presented and no meeting has been convened for the purposes
of winding up the Company;

      5.5

no administration order has been made and no petition has been presented and no
other action for such an order has been taken in respect of the Company;

      5.6

no receiver (which expression shall include an administrative receiver) has been
appointed in respect of the Company;

      5.7

the Company has obtained all necessary shareholder and board approvals in
respect of the entry into of this Agreement;

      5.8

the execution and delivery of, and the performance by the Company of its
obligations under, this Agreement will not:

      (A)

be or result in a breach of any provision of the memorandum or articles of
association of the Company;

      (B)

be or result in a breach of, or constitute a default under, any instrument to
which the Company is a party or by which the Company is bound and which is
material in the context of the transactions contemplated by this Agreement;

      (C)

be or result in a breach of any order, judgment or decree of any court or
governmental agency to which the Company is a party or by which the Company is
bound and which is material in the context of the transactions contemplated by
this Agreement; or

      (D)

save as provided herein, require the Company to obtain any consent or approval
of, or give any notice to or make any registration with, any Authority which has
not been obtained or made at the date hereof both on an unconditional basis and
on a basis which cannot be revoked (save pursuant to any legal or regulatory
entitlement to revoke the same other than by reason of any misrepresentation or
misstatement); and

      5.9

the Company is solvent and able to meet its payment obligations as they fall due
and will continue to be solvent and able to pay its debts as they fall due
following the payment of the Redemption Amount.

Each of the foregoing Warranties is given on the basis that it will remain true
and accurate in all respects up to and including Completion and the Company
undertakes to forthwith disclose in writing to the Noteholders any matter or
thing which may arise or become known to the Company after the date of this
Agreement and before Completion which is inconsistent with any of the Warranties
or which is material to be known to the Noteholders accepting the Redemption

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Amount stipulated by this Agreement. In the event of it becoming apparent on or
before Completion that the Company is in breach of any of the Warranties or any
other term of this Agreement the Noteholders may at their option, without
restricting their rights or their ability to any other legal or equitable
relief, either:

  (A)

rescind this Agreement by notice in writing to the Company; or

        (B)

proceed to Completion (but without prejudice to its right to claim for breach of
this Agreement or the Warranties).

6.

Guarantees

        6.1

Obligations of the Guarantor

        (A)

In consideration of the Noteholders entering into this Agreement at the request
of the Guarantor (as the Guarantor hereby acknowledges), the Guarantor shall, as
primary obligations of him:

        (1)

procure that the Company shall duly observe and perform all its obligations
under this Agreement;

        (2)

if and whenever the Company shall be in default in the payment when due of any
amount payable under this Agreement or of any damages for breach of the same or
of any of the Warranties and within two Business Days after being given notice
to that effect by the Noteholders, or whenever the Guarantor becomes aware in
advance that the Company will be unable to fulfill any part of its payment
obligations, pay all such amounts then payable by the Company as though the
Guarantor instead of the Company was expressed to be the principal debtor; and

        (3)

indemnify the Noteholders against the cost of collecting any amount payable by
the Company or the Guarantor and referred to in clause 6.1(A)(2).

        (B)

Any amount not paid by the Company and not recoverable from the Guarantor on the
basis of a guarantee or otherwise (whether because of any legal limitation,
disability or incapacity on the part of the Company or any other matter or thing
whether known to the Noteholders or not) shall nevertheless be recoverable from
the Guarantor on the basis of an indemnity.

        (C)

The Guarantor acknowledges that his liability under this clause 6.1 shall not be
discharged or affected in any way by time being given to the Company or by any
other indulgence or concession being granted to the Company or by any other act,
omission, dealing, matter or thing whatsoever (including any change in the
memorandum or articles of association of the Company, any amendment to this
Agreement or the liquidation, dissolution, reconstruction or amalgamation of the
Company or the illegality or enforceability of this Agreement) which but for
this provision might operate to release the Guarantor from his obligations under
this clause 6.1.

        6.2

Continuing guarantee

       

The guarantee contained in this clause 6 is a continuing guarantee and shall
remain in full force and effect until all obligations of the Company hereby
guaranteed have been discharged in full. It is in addition to and shall not
prejudice nor be prejudiced by any other

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guarantee, indemnity or other security or right against any other person which
the Noteholders may have for the due performance of the obligations concerned.

      7.

Confidentiality

      7.1

Confidentiality

     

Subject to clause 7.2 and to clause 8, each party to this Agreement:-

      (A)

shall treat as strictly confidential the provisions of this Agreement and the
process of the parties’ negotiation and all information about the other parties
obtained or received by it as a result of negotiating, entering into or
performing its obligations under this Agreement (“Confidential Information”);
and

      (B)

shall not, except with the prior written consent of the other parties (which
shall not be unreasonably withheld or delayed), make use of (save for the
purposes of performing its obligations under this Agreement) or disclose to any
person any Confidential Information.

      7.2

Permitted disclosure or use

     

Clause 7.1 shall not apply if and to the extent that the party using or
disclosing Confidential Information can demonstrate that:

      (A)

such disclosure is required by law or is required or requested by any
supervisory, regulatory or governmental body having jurisdiction over it and
whether or not the requirement or request has the force of law; or

      (B)

such disclosure is to its professional advisers in relation to the negotiation
entry into or performance of this Agreement or any matter arising out of the
same;

      (C)

in the case of disclosure or use, the Confidential Information concerned was
lawfully in its possession (as evidenced by written records) prior to its being
obtained or received as described in clause 7.1(A); or

      (D)

in the case of disclosure or use, the Confidential Information concerned has
come into the public domain other than through its fault or the fault of any
person to whom such Confidential Information has been disclosed in accordance
with clause 7.1(B).

      7.3

Continuance of restrictions

     

The restrictions contained in this clause 7 shall survive Completion and shall
continue without limit of time.

      7.4

Privilege

     

Where any confidential information is also privileged, the waiver of such
privilege is limited to the purposes of this Agreement and does not, and is not
intended to, result in any wider waiver of the privilege. Any party hereto in
possession of any Confidential Information relating to any other party hereto (a
“Privilege Holder”) shall take all reasonable steps to protect the privilege of
the Privilege Holder therein and shall inform the privilege holder if any step
is taken by any other person to obtain any of its privileged confidential
information.

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8.

Announcements

      8.1

Restrictions

     

Subject to clauses 8.2, no party to this Agreement shall make any announcement,
(including, without limitation any communication to the public, to any customers
or suppliers of the Company, or to all or any of the employees of the Company)
concerning the provisions or subject matter of this Agreement or containing any
information about the other party without the prior written approval of the
other parties (which shall not be unreasonably withheld or delayed).

      8.2

Permitted announcements

     

Clause 8.1 shall not apply if and to the extent that such announcement is
required by law or by any supervisory, regulatory or governmental body having
jurisdiction over it and whether or not the requirement has the force of law and
provided that any such announcement shall be made only after consultation with
the other parties.

      8.3

Continuance of restrictions

     

The restrictions contained in this clause 8 shall survive Completion and shall
continue without limit of time.

      9.

Provisions relating to this Agreement

      9.1

Successors and assigns

     

This Agreement shall be binding upon and enure for the benefit of the successors
of the parties but shall not be assignable. Any purported assignment shall be
void.

      9.2

Whole agreement, superceding of the Conditions, and variations

      (A)

This Agreement, together with any documents referred to in it, constitutes the
whole agreement between the parties relating to its subject matter and
supersedes and extinguishes any prior drafts, agreements, and undertakings,
whether in writing or oral, relating to such subject matter.

      (B)

This Agreement specifically supercedes any and all Conditions in relation to the
redemption of the Convertible Notes. To the extent that any inconsistency
between this Agreement and the Conditions exists, this Agreement shall prevail.

      (C)

No variation of this Agreement shall be effective unless made in writing and
signed by each of the parties.

      9.3

Agreement survives Completion

     

The Warranties and all other 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.

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9.4

Rights etc cumulative and other matters

        (A)

The rights, powers, privileges and remedies provided in this Agreement are
cumulative and are not exclusive of any rights, powers, privileges or remedies
provided by law or otherwise.

        (B)

No failure to exercise nor any delay in exercising any right, power, privilege
or remedy under this Agreement shall in any way impair or affect the exercise
thereof or operate as a waiver thereof in whole or in part.

        (C)

No single or partial exercise of any right, power, privilege or remedy under
this Agreement shall prevent any further or other exercise thereof or the
exercise of any other right, power, privilege or remedy.

        9.5

Invalidity

       

If any provision of this Agreement shall be held to be illegal, void, invalid or
unenforceable under the laws of any jurisdiction, the legality, validity and
enforceability of the remainder of this Agreement in that jurisdiction shall not
be affected, and the legality, validity and enforceability of the whole of this
Agreement in any other jurisdiction shall not be affected.

        9.6

Counterparts

       

This Agreement may be executed in any number of counterparts, which shall
together constitute one Agreement. Any party may enter into this Agreement by
signing any such counterpart.

        9.7

Costs

       

Save as otherwise expressly provided herein, each party shall bear its own costs
arising out of or in connection with the preparation, negotiation and
implementation of this Agreement, save that if this Agreement shall terminate
due to the Company’s failure to make payment as required by clause 3.2, the
Company shall pay to the Noteholders their accountancy, legal and other costs
and expenses in relation to the preparation and negotiation of this Agreement.

        9.8

Notices

        (A)

Any notice or other communication required to be given under this Agreement or
in connection with the matters contemplated by it shall, except where otherwise
specifically provided, be in writing in the English language and shall be
addressed as provided in clause 9.8(B) and may be:

        (1)

personally delivered, in which case it shall be deemed to have been given upon
delivery at the relevant address; or

        (2)

if within Hong Kong, sent by pre-paid post, in which case it shall be deemed to
have been given two Business Days after the date of posting; or

        (3)

if from or to any place outside Hong Kong, sent by pre-paid airmail or by air
courier, in which case it shall be deemed to have been given seven Business Days
after the date of posting in the case of airmail or two Business Days after
delivery to the courier in the case of air courier; or

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  (4)

sent by fax, in which case it shall be deemed to have been given when
despatched, subject to confirmation of uninterrupted transmission by a
transmission report provided that any notice despatched by fax after 17.00 hours
(at the place where such fax is to be received) on any day shall be deemed to
have been received at 08.00 on the next Business Day.

  (B)

The addresses and other details of the parties referred to in clause 9.8(A) are,
subject to clause 9.8(D):

  The Noteholders           Name: Investec Bank (UK) Limited         For the
attention of: Richard Forlee         Address: 2 Gresham Street, London EC2V 7QP,
          United Kingdom.         Fax number: +44 20 7595 4365         Name: LP
Asset Management Limited         For the attention of: Patrick Wong        
Address: 24A Horace Court, 3 Shan Kwong Road,           Happy Valley, Hong Kong.
        Fax number: +86 755 8373 4696         Name: Full Moon Resources Limted  
      For the attention of: Francis Leung         Address: 33/F Alexandra House,
16-20 Chater Road,           Central, Hong Kong.         Fax number: +852 2523
2912         The Company           Name: Lightscape Technologies Inc.        
For the attention of: Chief Executive Officer         Address: 3/F 80 Gloucester
Road, Wanchai, Hong Kong         Fax number: +852 2546 6878         The
Guarantor           Name: Bondy Tan

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  Address: 2A, Tower 5, Pacificview, 38 Tai Tam Road,           Hong Kong.      
  Fax number: +852 2546 6878

  (C)

In proving service of any notice it shall be sufficient to prove:

          (1)

in the case of a notice sent by post that such notice was properly addressed,
stamped and placed in the post;

          (2)

in the case of a notice personally delivered that it was delivered to or left at
the specified address;

          (3)

in the case of a notice sent by fax that it was duly despatched to the specified
number as confirmed by a transmission report; and

          (4)

in the case of a notice sent by air courier that it was delivered to a
representative of the courier.

          (D)

Any party to this Agreement may notify the other parties of any change to its
address or other details specified in clause 9.8(B), provided that such
notification shall only be effective on the date specified in such notice or
five Business Days after the notice is given, whichever is later.

          (E)

For the avoidance of doubt, notices sent by electronic mail and other forms of
electronic messages, shall not constitute valid notice under this clause 9.8.

9.9

Noteholders’ liability

   

The obligations and liability assumed by each of the Noteholders under this
Agreement shall in each case be several (and neither joint nor joint and
several), so that each of the Noteholders shall only be liable for its own
actions or failures to act in accordance with them, and none of the Noteholders
shall be liable for a failure to procure anything required under this Agreement
where such failure is attributable to any action or failure to act by another
Noteholder.

    9.10

Investec’s representation of the Noteholders

   

To the extent any clause in this Agreement contemplates an option or a choice
for the Noteholders, or requires approval or consent from the Noteholders, the
Noteholders hereby agree that Investec shall serve as the Noteholders’
representative in all such respects such that Investec may, on behalf of the
Noteholders, notify the Company and/or the Guarantor as to the Noteholder’s
decision on such issues, and such notification shall be binding on each of the
Noteholders.

    10.

Law and Jurisdiction

    10.1

Hong Kong Law

   

This Agreement shall be governed by, and construed in accordance with the law of
Hong Kong.

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10.2

Jurisdiction

   

In relation to any legal action or proceedings to enforce this Agreement or
arising out of or in connection with this Agreement each of the parties
irrevocably submits to the non- exclusive jurisdiction of the Hong Kong courts.

    10.3

Process agent

   

The Company irrevocably appoints Lightscape Technologies (Greater China) Ltd. of
3/F 80 Gloucester Road, Wanchai, Hong Kong as its process agent to receive on
its behalf service of process in any proceedings in Hong Kong. Service upon the
process agent shall be good service upon the Company whether or not it is
forwarded to and received by the Company. If for any reason the process agent
ceases to be able to act as process agent, or no longer has an address in Hong
Kong, the Company irrevocably agrees to appoint a substitute process agent with
an address in Hong Kong acceptable to the Noteholders and to deliver to the
Noteholders a copy of the substitute process agent's acceptance of that
appointment within 20 Business Days. In the event that the Company fails to
appoints a substitute process agent, it shall be effective service for the
Noteholders to serve the process upon the last known address in Hong Kong of the
last known process agent for the Company notified to the Noteholders,
notwithstanding that such process agent is no longer found at such address or
has ceased to act.

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AS WITNESS the hands of the duly authorised representatives of the parties on
the date first before written.

SIGNED by Richard Forlee ) /s/ Richard Forlee duly authorised for and on )  
behalf of Investec Bank (UK) Limited )   in the presence of )         /s/ Henry
Ong     Ong Henry Seng Lit     Simmons & Simmons     Solicitor, Hong Kong SAR  
        SIGNED by Patrick Man Ning Wong ) /s/ Patrick Man Ning Wong duly
authorised for and on )   behalf of LP Asset Management Limited )   in the
presence of )         /s/ Henry Ong     Ong Henry Seng Lit     Simmons & Simmons
    Solicitor, Hong Kong SAR           SIGNED by Patrick Man Ning Wong ) /s/
Patrick Man Ning Wong as attorney for and on )   behalf of Full Moon Resources
Limited )   in the presence of )         /s/ Henry Ong     Ong Henry Seng Lit  
  Simmons & Simmons     Solicitor, Hong Kong SAR           SIGNED by Bondy Tan )
/s/ Bondy Tan duly authorised for and on )   behalf of Lightscape Technologies
Inc. )   in the presence of )         /s/ Henry Ong     Ong Henry Seng Lit    
Simmons & Simmons     Solicitor, Hong Kong SAR           SIGNED AND SEALED by
Bondy Tan ) /s/ Bondy Tan in the presence of )         /s/ Henry Ong     Ong
Henry Seng Lit     Simmons & Simmons     Solicitor, Hong Kong SAR    

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