Confidential Materials omitted and filed separately with the
Securities and Exchange Commission.  Astericks denote omissions.

# Exhibit 10.23

| | ALLEN & GLEDHILL      
| | ----------------------
| | Advocates & Solicitors

---

Dated 29 September, 2002



# IOMEGA
OVERSEAS B.V.as Vendor

and



# VENTURE
CORPORATION LIMITEDas Purchaser

# --------------------------------------------------------------



# AGREEMENTrelating tothe sale and
purchase ofthe issued
share capital ofIomega
(Malaysia) Sdn. Bhd.

# --------------------------------------------------------------

| | ALLEN & GLEDHILL 
| | -----------------
| | 36 ROBINSON ROAD 
| | #18-01 CITY HOUSE
| | SINGAPORE 068877 

`TABLE OF CONTENTS

Contents                                                                                             Page


1.      DEFINITIONS.......................................................................................1


2.      CONDITIONAL AGREEMENT.............................................................................5


3.      SALE AND PURCHASE OF SALE SHARES..................................................................7


4.      CONSIDERATION.....................................................................................7


5.      COMPLETION........................................................................................8


6.      AUDIT............................................................................................11


7.      WARRANTIES AS TO TITLE AND AUTHORITY.............................................................13


8.      WARRANTIES AS TO THE COMPANY.....................................................................13


9.      ACTIONS PENDING COMPLETION.......................................................................14


10.     CONFIDENTIALITY..................................................................................16


11.     RESTRICTED ACTIVITIES............................................................................17


12.     ANNOUNCEMENTS....................................................................................18


13.     ENTIRE AGREEMENT.................................................................................18


14.     INDULGENCE, WAIVER ETC...........................................................................18


15.     POST COMPLETION COVENANTS........................................................................18


16.     SUCCESSORS AND ASSIGNS...........................................................................19


17.     TIME OF ESSENCE..................................................................................19


18.     FURTHER ASSURANCE................................................................................19


19.     INDEMNIFICATION AND RELATED MATTERS..............................................................20


20.     REMEDIES.........................................................................................24


21.     REASONABLENESS OF THIS CLAUSE....................................................................24


22.     RIGHTS OF THIRD PARTIES..........................................................................24


23.     COSTS............................................................................................24


24.     SEVERABILITY OF PROVISIONS.......................................................................24


25.     VARIATION........................................................................................24


26.     COMMUNICATIONS...................................................................................24


27.     GOVERNING LAW AND ARBITRATION....................................................................25


28.     RIGHTS TO NAME AND LOGO..........................................................................25


29.     COUNTERPARTS.....................................................................................25


Schedule 1...............................................................................................26


Schedule 2...............................................................................................27


Schedule 3...............................................................................................38


Schedule 4...............................................................................................39`

This Agreement is made on 29 September 2002 between:



|(1) | IOMEGA OVERSEAS B.V. (the "Vendor"), a company incorporated in the Netherlands with its principal place of business at
         Hardwareweg 4, 3821 BM Amersfoort, Netherlands; and
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(2) | VENTURE CORPORATION LIMITED (the "Purchaser"), a company incorporated in Singapore with its registered office at 10 Collyer
         Quay, #19-08 Ocean Building, Singapore 049315.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Whereas:



|(A) | Iomega (Malaysia) Sdn. Bhd. (the "Company") is a company incorporated in Malaysia and has at the date of this Agreement an
         authorised share capital of RM50,000,000 divided into 50,000,000 ordinary shares of RM1 each, of which 25,000,000 ordinary
         shares have been issued and are fully paid-up and are all held by the Vendor. Further particulars of the Company are
         contained in Schedule 1.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(B) | The Vendor is a wholly-owned indirect subsidiary of Iomega Corporation, a Delaware corporation.
|--- | -----------------------------------------------------------------------------------------------



|(C) | The Vendor has agreed to sell to the Purchaser, and the Purchaser has agreed to purchase from the Vendor, the Sale Shares
         (as defined below) on the terms and subject to the conditions contained in this Agreement.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

It is agreed as follows:

## 1. DEFINITIONS

|1.1 | In this Agreement and the Schedules, unless there is something in the subject or
context inconsistent therewith, the following expressions bear the following
meanings, namely:
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Accounting
Standards means the provisions of the Accounting Standards issued by
the Malaysian Accounting Standards Board in effect as at the Balance Sheet Date
and as applied on a consistent basis with the principles and practices adopted
by the Company in the preparation of the Accounts, and where none of the
provisions of such Accounting Standardsapply, then the principles and
practices adopted by the Company in the preparation of the Accounts;
Accounts means the audited accounts of the Company for the
financial year ended the Balance Sheet Date; Agreed Exchange
Rate means the exchange rate for converting RM to US$, being RM3.80 to
US$1; Balance Sheet Datemeans 31 December 2001;
Business Day means a day (other than a Saturday or Sunday) on
which commercial banks are open for business in Singapore and Malaysia;
Certificate shall have the meaning ascribed thereto in Clause
6.2;Commission means the Companies Commission of Malaysia;
 Companies Act means the Companies Act, 1965 of Malaysia;
Completion means completion of the sale and purchase of the
Sale Shares pursuant to Clause 5; 
Completion Date means the
first fiscal month-end date falling after the date on which the last of the
conditions specified in Clause 2.1 has been fulfilled (the Conditions
Fulfilment Date) unless such first fiscal month-end date is a date
falling less than 15 days after the Conditions Fulfilment Date in which event,
the Completion Date shall be the next fiscal month-end date falling after such
first fiscal month-end date (or such other date as the Parties may agree in
writing); Completion Value means the net tangible asset value
of the Company as at the Completion Date determined in accordance with Clause 6;
Cut-Off Date means the date falling three months after the
date of this Agreement (or such other date as the Parties may agree in writing);
Damages means:
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i) | in the case of the Purchaser:
| | --- | -----------------------------

| |  | (a) | out-of-pocket losses and damages incurred or suffered by the Purchaser or the
                           Company; and                                                                                                     
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |     |                                                                                                                                                                                                                           
| |  | (b) | the amount by which assets are over-stated in the Proforma Balance Sheet,
                           and/or the amount by which Liabilities are under-stated in the Proforma Balance
                           Sheet; and

| | (ii) | in the case of the Vendor, out-of-pocket losses and damages incurred or suffered by the
                  Vendor,
| | ---- | -----------------------------------------------------------------------------------------------------------------

| | provided, however, that for the purposes of computing the amount of Damages incurred or suffered
         by a Party or the Company (the "Affected Party"), there shall be deducted:
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (aa) | an amount equal to the amount of any tax benefit actually received by the Affected Party
                  or any of the Affected Party's affiliates in connection with such Damages or the
                  circumstances giving rise thereto; and
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (bb) | an amount equal to the amount of any insurance proceeds, indemnification
payments, contribution payments or reimbursements actually received by the
Affected Party or any of the Affected Partys affiliates in connection with
such Damages or the circumstances giving rise thereto;
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Disclosure
Letter means the letter dated today from the Vendor to the Purchaser
disclosing particulars of other matters referred to in this Agreement and
information constituting exceptions to the Vendor Warranties; Employee
Retention Plan means the Employee Retention Plan and Supplemental
Retention Plan for Key Employees, both adopted and made effective by the Company
on 7 June 2002, and the Retention Incentive Agreement, dated effective as of
June 8, 2002 made between Iomega Corporation and [**] relating to his
entitlement to a retention bonus payment; Encumbrances means
any claim, charge, mortgage, security, lien, option, equity, power of sale,
hypothecation or other third party rights, retention of title, right of
pre-emption, right of first refusal or security interest of any kind;
Independent Accountants Certificate shall have the
meaning ascribed thereto in Clause 6.7; Initial Pioneer
Period means the period of five years commencing from 1 September
1996; Intellectual Property means patents, trade marks and
service marks, rights in designs, trade or business names and copyrights
(whether or not any of these is registered and including pending applications
for registration of any such thing) and rights under licences and consents in
relation to any such thing and all rights or forms of protection of a similar
nature or having equivalent or similar effect to any of these which may subsist
anywhere in the world; Key Employees means the individuals
identified in Schedule 4; Liabilities means all and any
liabilities (whether accrued, absolute, contingent or otherwise) of or amounts
due from the Company including, without limitation, accounts payable and
liabilities in relation to Taxation; Malaysian Ringgit and
the sign RM mean the lawful currency of Malaysia;
Manufacturing Services and Supply Agreement means the
manufacturing services and supply agreement to be made between Iomega
Corporation and the Company in the agreed terms; Matter means
any claim, demand, dispute, action, suit, examination, audit, proceeding,
investigation, inquiry or other similar matter; MITI means
the Ministry of International Trade and Industry of Malaysia; MSSA
Termination Date means the date on which the Manufacturing Services
and Supply Agreement expires or is validly terminated in accordance with the
terms set out therein, whichever is earlier; Parties means
the Vendor and the Purchaser; Pioneer Certificate means the
existing certificate of pioneer status issued by MITI to the Company for the
Initial Pioneer Period pursuant to the Promotion of Investments Act, 1986 of
Malaysia, as amended or modified; Proforma Balance Sheet
means the financial accounts of the Company representing the net tangible assets
of the Company as at the Completion Date, as restated in compliance with Clause
5.1; Propertymeans the land and buildings owned,
leased, occupied or otherwise used in connection with the businesses of the
Company, details of which are set out in Schedule 3; Purchaser
Warranties means the representations, warranties and undertakings on
the part of the Purchaser set out in Clause 7.2;
Representatives means, as to either Party, such Partys
directors, officers, employees, agents and advisors (including, without
limitation, financial advisors, legal advisors and accountants); Sale
Shares means all of the 25,000,000 issued and fully paid-up ordinary
shares of RM1 each in the capital of the Company to be purchased by the
Purchaser from the Vendor pursuant to this Agreement;Vendor
Warranties means the representations, warranties and undertakings on
the part of the Vendor set out in Clause 8 (and incorporating Schedule 2);
Title Warranties means the representations, warranties and
undertakings on the part of the Vendor set out in Clause 7.1; and US
Dollars and the sign US$ mean the lawful currency
of the United States of America.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|1.2 | Construction of Certain References: Any reference in this Agreement and the Schedules to:
|--- | -----------------------------------------------------------------------------------------

| | Claim
means any written notice, demand or assessment, letter or other document issued
or action taken by the Inland Revenue Board or other statutory or governmental
authority, body or official whosoever (anywhere in the world) whereby the
Company is or may be placed or sought to be placed under a liability to make a
payment or deprived of any relief, allowance, credit or repayment otherwise
available; and Taxation comprises all forms of taxation
anywhere in the world (including, without limitation, capital gains tax, income
tax, estate duty, profits tax, stamp duty, value added tax, purchase tax,
customs and other import or export duties) and all other statutory, governmental
or state impositions, duties and levies and all penalties, charges, costs and
interest relating to any Claim.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|1.3 | Modification of Statutes: Any reference in this Agreement or the
Schedules to a statutory provision shall include that provision and any
regulations made in pursuance thereof.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|1.4 | Accounts: Any reference to accounts shall include the
directors reports, relevant balance sheets and profit and loss accounts
together with all documents which are or would be required by law to be annexed
to the accounts of the Company to be laid before the Company in general meeting
for the accounting period in question.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|1.5 | Miscellaneous:
|--- | --------------

| | 1.5.1 | Except where the context otherwise requires, words denoting the singular shall
include the plural and vice versa; words denoting any gender shall include all
genders; words denoting persons shall include firms and corporations and vice
versa.
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.5.2 | The expression financial year means a period in respect of
which an audited profit and loss account of the Company has or is to be prepared
for the purpose of laying before the Company at its annual general meeting,
whether that period is a year or not.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.5.3 | The words written and in writing include
any means of visible reproduction. References to Clauses,
Schedules and Appendices are to the
clauses of, and the schedules and the appendices to, this Agreement.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.5.4 | Clause headings are for ease of reference only and do not affect the
construction of this Agreement.
| | ----- | ----------------------------------------------------------------------------------------------------

| | 1.5.5 | The expression affiliate means with respect to any person,
any other person directly or indirectly controlling, controlled by, or under
common control with, such person. The expression control
(including its correlative meanings, controlled by,
controlling and under common control with)
shall mean, with respect to a corporation, the right to exercise, directly or
indirectly, more than 50 per cent. of the voting rights attributable to the
shares of the controlled corporation and, with respect to any person other than
a corporation, the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of such person.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.5.6 | The expression
transaction includes any transaction, act, or event of
whatever nature.
| | ----- | ----------------------------------------------------------------------------------------

| | 1.5.7 | The expression agreed terms means a document in the terms
agreed between the Parties and initialled for identification by or on behalf of
the Parties.
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.5.8 | The expression fiscal month-end date shall mean 3 November, 1
December, 31 December, 2 February, 2 March and 30 March.
| | ----- | ------------------------------------------------------------------------------------------------------------------------

## 2. CONDITIONAL
AGREEMENT

## 2.1      Conditions Precedent: Completion is conditional upon:

| | 2.1.1 | the issue by MITI of a new or amended certificate (or letter) confirming grant
of pioneer status to the Company for a period of not less than five years with
effect from 1 September 2001 having been obtained on or before the Cut-Off Date
and not having been revoked or amended on or before Completion and, where such
certificate is subject to conditions, such conditions being acceptable to the
Parties and to the extent that any such conditions are required to be fulfilled
on or before Completion, they are fulfilled;
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.2 | the receipt by the Purchaser on or before the Cut-Off Date of a written opinion
from KPMG, addressed to the Purchaser and in a form acceptable to the Purchaser,
confirming that the Company has had no liability to income tax during the
Initial Pioneer Period (the KPMG Opinion);
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.3 | the approval of (i) MITI for the transfer of the Sale Shares as required under
the Companys manufacturing licence(s), (ii) Bank Negara Malaysia for the
purchase price for the Sale Shares to be paid in a currency other than Malaysian
Ringgit and (iii) the Penang Development Corporation (the
PDC) pursuant to the terms of Clause 9 of that certain
agreement, dated 30 October 1993, by and between the PDC and Digital Equipment
Storage Products (Malaysia) Sdn Bhd (the PDC Agreement), or
the notification to the PDC in lieu of such approval, if such notification will
suffice for the purposes of satisfying Clause 9 of the PDC Agreement and the PDC
confirms in writing to the effect that it has no objections to the transfer of
the Sale Shares, being obtained on or before the Cut-Off Date and, where any
such approval is subject to conditions, such conditions being acceptable to the
Parties and to the extent that any such conditions are required to be fulfilled
on or before Completion, they are fulfilled;
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.4 | the delivery to the Purchaser of (i) a copy of each Form P completed and filed
with Bank Negara Malaysia for all dividend payments or other profit
distributions made by the Company since 31 December 2000 and (ii) written
confirmation from the Vendor that a Form P has been duly completed and filed for
all dividend payments and other profit distributions made by the Company, on or
before the Completion Date;
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.5 | the receipt by the Purchaser on or before the Cut-Off Date of the in-principle
agreement of substantially all of the Key Employees to the forms of employment
agreements prepared by the Purchaser which agreements are contemplated to be
executed by the Key Employees and the Company on the day immediately following
the Completion Date;
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.6 | the Title Warranties shall be accurate in all respects, and the Vendor
Warranties shall be accurate in all material respects, on the Completion Date,
except to the extent that any of the Title Warranties and the Vendor Warranties
refers specifically to a date other than the Completion Date, and except to the
extent that the accuracy of any of the Title Warranties and the Vendor
Warranties is affected by any of the transactions contemplated by this
Agreement;
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.7 | the Vendor shall have performed, in all material respects, all obligations
required by this Agreement to be performed by the Vendor on or before the
Completion Date;
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.1.8 | the Purchaser Warranties shall be accurate in all material respects on the Completion Date; and
| | ----- | -----------------------------------------------------------------------------------------------

| | 2.1.9 | the Purchaser shall have performed, in all material respects, all obligations
required by this Agreement to be performed by the Purchaser on or before the
Completion Date.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2.2 | Vendors Responsibility for Satisfaction: The Vendor shall use
reasonable endeavours to satisfy the conditions set out in Clauses 2.1.1 to
2.1.4 and the Purchaser shall use reasonable endeavours to assist the Vendor in
the satisfaction of such conditions. The Vendor shall pay the costs and expenses
of obtaining the KPMG Opinion and shall ensure that KPMG does not contractually
agree to any indemnity or other form of recourse from the Company in connection
with any liability of KPMG in delivering the KPMG Opinion.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2.3 | Termination by Purchaser:The conditions in Clauses 2.1.1 to 2.1.7 are
inserted for the benefit of the Purchaser and if any of them are not fulfilled
and the time for the fulfilment thereof is not extended by the agreement in
writing of the Parties, or in the case of the conditions in Clauses 2.1.2,
2.1.4, 2.1.5, 2.1.6 and 2.1.7, not waived in writing at the discretion of the
Purchaser, the Purchaser may, as its sole remedy, at any time before Completion
terminate this Agreement by notice in writing given to the Vendor. Upon such
termination, neither Party shall have any claim against the other for costs,
damages, compensation or otherwise arising out of this Agreement.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2.4 | Termination by Vendor:The conditions in Clauses 2.1.1, 2.1.3, 2.1.8 and
2.1.9 are inserted for the benefit of the Vendor and if any of them are not
fulfilled and the time for the fulfilment thereof is not extended by the
agreement in writing of the Parties, or in the case of the conditions in Clauses
2.1.8 and 2.1.9, not waived in writing at the discretion of the Vendor, the
Vendor may, as its sole remedy, at any time before Completion terminate this
Agreement by notice in writing given to the Purchaser. Upon such termination,
neither Party shall have any claim against the other for costs, damages,
compensation or otherwise arising out of this Agreement.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3. | SALE AND
PURCHASE OF SALE SHARES
|-- | --------------------------------

| | Subject
to the terms and conditions of this Agreement, the Vendor, relying on the
representations, warranties and undertakings of the Purchaser contained in this
Agreement, shall sell, as legal and beneficial owner, and the Purchaser, relying
on the representations, warranties and undertakings of the Vendor contained in
this Agreement, shall purchase for the Aggregate Consideration (as defined
below) the Sale Shares free from Encumbrances and together with all rights and
advantages now and hereafter attaching thereto, excluding the right to dividends
and other profit distribution to be made by the Company in accordance with
Clause 5.1.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4. | CONSIDERATION
|-- | -------------

|4.1 | Aggregate Consideration: The aggregate consideration for the purchase of
the Sale Shares (the Aggregate Consideration) shall be the
sum in Malaysian Ringgit equal to the Completion Value, and shall be paid in two
instalments in accordance with Clause 4.2.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4.2 | Manner of Payment:  The Aggregate Consideration shall be payable in the following manner:
|--- | -----------------------------------------------------------------------------------------

| | 4.2.1 | 90 per cent.  of the Proforma  Value (as defined  below) (the Initial  Consideration)  shall be
                  paid by the Purchaser in cash on Completion in accordance with Clause 5; and
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.2.2 | the sum equal to the difference between the Completion Value and the Initial
Consideration shall be paid by the Purchaser in cash on the date falling ten
Business Days after the date on which the Certificate has been issued in
accordance with Clause 6 or the date on which the Independent Accountants
Certificate has been issued in accordance with Clause 6 (whichever is later) if
the Completion Value is more than the Initial Consideration; or
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.2.3 | the sum equal to the difference between the Completion Value and the Initial
Consideration shall be paid by the Vendor in cash on the date falling ten
Business Days after the date on which the Certificate has been issued in
accordance with Clause 6 or the date on which the Independent Accountants
Certificate has been issued in accordance with Clause 6 (whichever is later) if
the Completion Value is less than the Initial Consideration.
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4.3 | Method of Payment: All and any payments to be made by a Party to the
other Party under this Clause 4 shall be made in US Dollars (by converting the
Aggregate Consideration to US Dollars at the Agreed Exchange Rate) and by way of
wire transfer in immediately available funds to a bank account notified to the
paying Party by the other Party in writing no later than three Business Days
before the due date of payment (or by such other method as may be agreed in
writing by the Parties).
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5. | COMPLETION
|-- | ----------

|5.1 | Restating of Balance Sheet: On or before Completion, the Vendor shall
procure and ensure that the Company shall dispose and transfer assets, discharge
Liabilities and distribute retained earnings, such that the balance sheet of the
Company shall be restated as follows:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.1 | assets comprise only the Property and production equipment, fittings and
inventory that are useful in connection with the business of the Company and
incidental accounts receivable, prepayments, cash and deposits in the ordinary
course of business, with the production equipment, fittings and inventory to be
properly depreciated in accordance with the Accounting Standards;
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.2 | all other production equipment, fittings and fixed assets not being used in
connection with the business of the Company have been fully depreciated and a
nominal consideration has been assigned to the same or removed from the balance
sheet;
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.3 | the aggregate value of the Property has been adjusted and fixed at RM45.6
million, beingthe aggregate current fair market value of the Property as
agreed by the Parties;
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.4 | the Liabilities comprise only accounts payable in the ordinary course of
business and provisions for accounts payable and salaries and other benefits
payable to the employees of the Company, including, without limitation,
liabilities of the Company under the Employee Retention Plan), and all such
Liabilities are not more than RM76 millionas at the Proforma Balance
Sheet Date (as defined below);
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.5 | the net  tangible  asset value of the Company is not more than RM45.6  million as at the  Proforma
                  Balance Sheet Date; and
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.6 | notwithstanding anything contained in the Accounting Standards, the Parties
agree that the provision for liabilities of the Company under the Employee
Retention Plan shall be RM8,978,474.24 (and it is hereby understood and agreed
between the Parties that this amount represents the maximum amount that may be
payable under such Plan, which amount is payable only to persons legally
employed by the Company as well as [**] (notwithstanding that [**]
is not legally employed by the Company) and that Joe Adams, and Melber Abdullah
Amir and his team members (whether or not any of them are legally employed by
the Company) shall not be entitled to any payment whatsoever under the Employee
Retention Plan) but for the purpose of determining the Initial Consideration
under Clause 4.2.1, the provision for liabilities under the Employee Retention
Plan shall be deemed to be RM5,178,474.24. In the event that any amount shall be
due to [**] under such Plan, the Purchaser shall procure and ensure that
payment is made to him of the amount due.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5.2 | Delivery of Proforma Balance Sheet: No later than three Business Days
prior to the Completion Date, the Vendor shall deliver to the Purchaser a
Proforma Balance Sheet having been restated in accordance with Clause 5.1, dated
no earlier than five Business Days prior to the Completion Date (the
Proforma Balance Sheet Date), such Proforma Balance Sheet to
be accompanied by a certificate of an officer or manager of the Company
certifying the net tangible asset value of the Company as at the Proforma
Balance Sheet Date disclosed by such Proforma Balance Sheet (the
Proforma Value).
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5.3 | Date and Place: Subject as hereinafter provided, Completion shall take
place at the offices of Allen & Gledhill at 36 Robinson Road, #18-01 City
House, Singapore 068877 (or such other place as the Parties may agree in
writing) on the Completion Date.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5.4 | Obligations of the Vendor:  On Completion:
|--- | ------------------------------------------

| | 5.4.1 | the Vendor shall deliver to the Purchaser:
| | ----- | ------------------------------------------

| |  | (i) | a duly  executed  transfer  of the Sale  Shares in favour of the  Purchaser  (or as it may direct)
                         accompanied by the share certificates in respect of such Sale Shares;
| |  | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (ii) | letters duly signed by all directors of the Company tendering their resignations
as directors of the Company and confirming that they have no claim against the
Company for compensation for loss of office or otherwise howsoever;
| |  | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (iii) | letters duly signed by Tan Leh Kiah, Tay Chee Wah and Pan Mi Keay tendering
their resignations as secretaries of the Company and confirming that they have
no claim against the Company for compensation for loss of office or otherwise
howsoever;
| |  | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (iv) | a letter duly signed by Ernst & Young tendering their resignation as
auditors of the Company and confirming that they have no claim against the
Company for compensation for loss of office or otherwise howsoever;
| |  | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (v) | any waiver,  consent or other document  necessary to give the Purchaser full legal
                         and beneficial ownership of the Sale Shares;
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (vi) | the Manufacturing  Supply and Services  Agreement duly executed by the Company and
                         Iomega Corporation;
| |  | ---- | -------------------------------------------------------------------------------------------------------------------------------

| |  | (vii) | the Certificate of Incorporation, Memorandum and Articles of Association, common
seal, cheque books and statutory books of the Company (duly written up-to-date);
| |  | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (viii) | all the financial and accounting books and records of the Company;
| |  | ------ | ------------------------------------------------------------------

| |  | (ix) | a certified true copy of the board resolutions of the Vendor approving its sale
of the Sale Shares to the Purchaser on the terms and subject to the conditions
herein and its execution of and entry into this Agreement and the transactions
contemplated herein; and
| |  | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (x) | a certified true copy of the board resolutions of Iomega Corporation approving
its execution and entry into the Manufacturing Services and Supply Agreement and
the Deed of Indemnity entered into by Iomega Corporation on the date of this
Agreement in favour of the Purchaser and the transactions respectively
contemplated therein;
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.4.2 | the Vendor shall procure the passing of board resolutions of the Company (in
terms approved by the Purchaser prior to Completion):
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------

| |  | (i) | approving the registration of the share transfers referred to in Clause 5.4.1(i);
| |  | --- | ---------------------------------------------------------------------------------

| |  | (ii) | revoking all existing authorities to bankers in respect of the operation of its
bank accounts and giving authority in favour of such persons as the Purchaser
may nominate to operate such accounts;
| |  | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (iii) | accepting the resignations referred to in Clauses 5.4.1(ii) and 5.4.1(iii) and
appointing such persons as the Purchaser may nominate as directors and the
secretary of the Company; and
| |  | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (iv) | approving the entry by the Company into the Manufacturing Services and Supply Agreement,
| |  | ---- | ----------------------------------------------------------------------------------------

| |  | and shall deliver to the Purchaser duly certified copies of such board resolutions; and
| |  | ---------------------------------------------------------------------------------------

| | 5.4.3 | the Vendor shall procure and ensure the passing of resolutions  in general  meeting of the Company
in terms approved by the Purchaser prior to Completion accepting the resignation of
Ernst & Young referred to in Clause 5.4.1(iv) and appointing Deloitte Kassim
Chan as the auditors of the Company and shall deliver to the Purchaser duly
certified copies of such resolutions.
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5.5 | Obligations of the Purchaser:  Against  compliance  with the foregoing  provisions of this Clause,
         the Purchaser shall:
|--- | --------------------------------------------------------------------------------------------------------------------------------

| | 5.5.1 | pay to the Vendor the Initial Consideration on the Completion Date;
| | ----- | -------------------------------------------------------------------

| | 5.5.2 | on the Completion Date deliver to the Vendor certified true copies of the board
resolutions of the Purchaser approving its purchase of the Sale Shares on the
terms and subject to the conditions herein and its execution of and entry into
this Agreement and the transactions contemplated herein; and
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.5.3 | within three days prior to the Completion Date, deliver to the Vendor the names
of its nominees for the director and secretary positions.
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------

|5.6 | Right to Terminate: If any of the documents required to be delivered to
either Party on Completion under this Clause 5 is not forthcoming for any reason
or if some only and not all of the Sale Shares are to be transferred to the
Purchaser on Completion or if in any other respect the foregoing provisions of
this Clause 5 are not fully complied with by either Party, the Party not in
default shall be entitled (in addition to and without prejudice to all other
rights or remedies available to it including the right to claim damages):
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.6.1 | to elect to terminate this Agreement, except in the case where the conditions
required under Clauses 5.4.1(ii), 5.4.1(iii) and 5.4.1(iv) have not been met,
the Vendor shall have a period of time reasonable under the circumstances to
satisfy such conditions or otherwise cure the effect of such failure;
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.6.2 | to effect Completion so far as practicable having regard to the defaults which have occurred;
| | ----- | ---------------------------------------------------------------------------------------------

| | 5.6.3 | to specific performance of this Agreement without prejudice to any other rights
or remedies the Vendor may be entitled to under any applicable laws; or
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.6.4 | to fix a new date for Completion (not being more than 28 days after the
Completion Date) in which case the foregoing provisions of this Clause shall
apply to Completion as so deferred; however,
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.6.5 | in no event shall a Partys claim for Damages arising under this Clause 5.6
exceed the Completion Value.
| | ----- | --------------------------------------------------------------------------------------------------------

|6. | AUDIT
|-- | -----

|6.1 | Audit: Immediately following the execution of this Agreement, the
Purchaser shall appoint Deloitte Kassim Chan(Deloitte), solely for the purpose of making a
determination of the Completion Value.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6.2 | Certificate: Following the conduct of the audit referred to in Clause
6.1, the Purchaser shall use reasonable endeavours to procure that Deloitte
delivers a certificate (the Certificate) to each Party
certifying the Completion Value as soon as reasonably practicable but in any
event no later than 30 days from the Completion Date.The Vendor shall
request that Ernst & Young provide Deloitte with access to all of Ernst
& Youngs working papers used to prepare the Accounts on such terms and
conditions as Ernst & Young may reasonably require. The costs of Deloitte
shall be borne by the Purchaser.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6.3 | Determination of Completion Value:For the purpose of determining the
Completion Value, the net tangible asset value of the Company as at the
Completion Date shall be valued or calculated in accordance with the Accounting
Standards so as to give a true and fair view of the Completion Value to the
extent possible in light of the actions taken by the Company in order to prepare
and deliver the Proforma Balance Sheet in accordance with Clauses 5.1 and 5.2.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6.4 | Assumptions by Deloitte: Notwithstanding anything contained in this
Clause 6, Deloitte shall be directed by the Purchaser to assume that for the
purpose of determining the Completion Value:
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6.4.1 | the  provision  for  liabilities  of the  Company  under  the  Employee  Retention  Plan  shall be
                  RM5,178,474.24 instead of RM8,978,474.24; and
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6.4.2 | the value of the Property shall be fixed at RM45.6 million.
| | ----- | -----------------------------------------------------------

|6.5 | Dispute by Vendor: The Vendor shall within ten Business Days from the
date of delivery of the Certificate notify the Purchaser in writing (the
Vendors Notice) if the Vendor disputes the Certificate.
The Vendors Notice shall specify the nature and reasons for such dispute
and shall include its statement as to what the Completion Value should be (the
Vendor Stated Completion Value). For the avoidance of
doubt, if the Purchaser does not receive the Vendors Notice within the
said ten Business Day period, the Vendor shall be deemed to have accepted the
Certificate.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6.6 | Independent Accountant: If the Vendor and the Purchaser cannot agree on
the aspect of the Certificate which is being disputed by the Vendor within 15
Business Days of the delivery of the Vendors Notice, then the Vendor may
refer the dispute to an independent accountant (the Independent
Accountant) with a request that the Independent Accountant make a
decision on the disagreement. The Independent Accountant shall be a firm of
public accountants practising in Malaysia appointed by the Vendor with the
Purchasers agreement or if the Vendor and the Purchaser do not agree on
which firm of public accountants practising in Malaysia should be appointed as
the Independent Accountant within five Business Days of the expiry of the said
15 Business Day period, the Independent Accountant shall be appointed by the
Director for the time being of the Kuala Lumpur Regional Centre for Arbitration
(the KLRCA) at the request of either the Vendor or the
Purchaser and such appointment by the Director of the KLRCA shall be final and
binding on the Parties.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6.7 | Determination by Independent Accountant:Each of the Vendor and the
Purchaser shall be entitled to make written submissions to the Independent
Accountant. The Independent Accountant, in making its decision, shall adopt the
Accounting Standards and shall make the same assumptions as Deloitte as
contained in Clause 6.4. Subject to the foregoing, the procedures for
determination are to be decided by the Independent Accountant in its absolute
discretion. The Independent Accountant shall deliver a certificate (the
Independent Accountants Certificate) setting out its
decision on the disagreement and its determination of the Completion Value to
the Parties within 21 days of its appointment.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6.8 | Determination to be Binding: In determining the Completion Value, the
Independent Accountants shall be deemed to act as experts and not as arbitrators
and in the absence of fraud or manifest error, the determination of the
Independent Accountant shall be final and binding on the Parties. In the absence
of fraud or manifest error, the Independent Accountant shall be under no
liability to any person by reason of its determination or the Independent
Accountants Certificate or by anything done or omitted to be done by it
for the purposes thereof or in connection therewith.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6.9 | Costs of Independent  Accountant:  The costs and expenses of the Independent Accountant in respect
         of  the  preparation  of  the  Independent  Accountant's  Certificate  and  determination  of  the
         Completion Value shall be borne by:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6.9.1 | the Purchaser, if the difference between the Completion Value set out in the
Certificate and the Completion Value set out in the Independent
Accountants Certificate is greater than the difference between the Vendor
Stated Completion Value and the Completion Value set out in the Independent
Accountants Certificate;
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6.9.2 | the Vendor, if the difference between the Vendor Stated Completion Value and the
Completion Value set out in the Independent Accountants Certificate is
greater than the difference between the Completion Value set out in the
Certificate and the Completion Value set out in the Independent
Accountants Certificate; or
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6.9.3 | the Vendor and the Purchaser in equal proportions, if the difference between the
Vendor Stated Completion Value and the Completion Value set out in the
Independent Accountants Certificate is the same as the difference between
the Completion Value set out in the Certificate and the Completion Value set out
in the Independent Accountants Certificate.
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|7. | WARRANTIES
AS TO TITLE AND AUTHORITY
|-- | ------------------------------------

|7.1 | Ownership of Sale Shares:  The Vendor hereby  represents and warrants to and undertakes  with the Purchaser and its successors
         in title as follows:
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7.1.1 | it is or will on Completion be legally and beneficially entitled to or is
otherwise able to transfer the Sale Shares to the Purchaser under this
Agreement; and
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7.1.2 | such Sale Shares are or will on Completion be free from any Encumbrances whatsoever.
| | ----- | ------------------------------------------------------------------------------------

|7.2 | Warranties as to Authority:  Each Party hereby  severally  represents and warrants to and undertakes  with the other Party and
         its successors in title that:
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7.2.1 | it has full power, authority and legal right to enter into this Agreement and to
observe and perform its obligations hereunder and has taken all necessary
corporate (if required) and other action to authorise its execution, delivery
and performance of this Agreement and all such other documents and instruments
as are specified or referred to in this Agreement;
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7.2.2 | this Agreement constitutes legal, valid and binding obligations enforceable
against it in accordance with the terms of this Agreement and the performance by
it of its obligations under this Agreement shall not:
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (i) | result in a breach of its Memorandum and Articles of Association or equivalent
constitutional documents and do not infringe, or constitute a material default
under, any directive, instrument, contract, document or agreement to which it is
a party or by which it is bound (whether in Singapore or elsewhere); and
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (ii) | result in a material breach of any law, rule, regulation, ordinance, order,
judgment or decree of or undertaking to any court, government body, statutory
authority or regulatory, administrative or supervisory body (including, without
limitation, any relevant stock exchange or securities council).
| |  | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|7.3 | Effect of Completion: Subject to Clauses 19.3, 19.4 and 19.5, the said
representations, warranties and undertakings given under this Clause shall be
separate and independent and not in any respect be limited, extinguished or
affected by Completion or by any other event or matter whatsoever or by any due
diligence investigations conducted by the Purchaser on the Company.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|8. | WARRANTIES
AS TO THE COMPANY
|-- | ----------------------------

|8.1 | Incorporation of Schedule 2:The Vendor hereby represents and warrants to
and undertakes with the Purchaser and its successors in title in the terms set
out in Schedule 2, subject only to:
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8.1.1 | any exceptions disclosed in the Disclosure Letter; and
| | ----- | ------------------------------------------------------

| | 8.1.2 | the limitations set out in Clause 19 and elsewhere in this Agreement.
| | ----- | ---------------------------------------------------------------------

|8.2 | Updating to  Completion:  The Vendor further  represents and warrants to and undertakes  with the Purchaser and its successors
         in title that:
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8.2.1 | subject to Clause 8.1, the Vendor Warranties will be fulfilled down to, and will
be true and correct in all material respects and not misleading at, Completion
as if they had been entered into afresh at Completion; and
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8.2.2 | if after the signing of this Agreement and before Completion any event actually
known to the Vendor shall occur or matter arises which results in any of the
Vendor Warranties being unfulfilled, untrue or incorrect in any material respect
at Completion the Vendor shall immediately notify the Purchaser in writing fully
thereof prior to Completion and the Vendor shall make any reasonable
investigation concerning the event or matter which the Purchaser may require.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|8.3 | Effect of Completion: Subject to Clauses 19.3, 19.4 and 19.5, the Vendor
Warranties shall be separate and independent and not in any respect be limited,
extinguished or affected by Completion or by any other event or matter
whatsoever or by any due diligence investigations conducted by the Purchaser on
the Company.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|8.4 | Right of Termination:If prior to Completion, the Purchaser shall become
aware that any of the Vendor Warranties has not in all material respects been
carried out or complied with or is otherwise untrue or misleading in any
material respect, the Purchaser shall be entitled by notice in writing to the
Vendor, as its sole remedy, to terminate this Agreement and upon such
termination, neither Party shall have any claim against the other for costs,
damages, compensation or otherwise arising out of this Agreement.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|8.5 | Waiver: Save in the case of fraud, the Vendor undertakes to the Purchaser
not to make or pursue any claim against the Company or its officers, employees
or agents in connection with assisting the Vendor in giving the Vendor
Warranties, preparing the Disclosure Letter and/or entering into this Agreement
and the documents entered into pursuant to this Agreement.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|8.6 | Knowledge:Any statement qualified by the expression so far as the
Vendor is aware, to the Vendors knowledge, known
to the Vendor or any similar expression shall, unless otherwise stated, be
deemed to refer to the knowledge of all directors and senior officers of the
Vendor, all directors and senior officers and managers (director level employees
and above) of the Company, including without limitation, Joe Adams, [**],
Khaw Lam Peng, John Leong, Richard M. Marsh, Noraini Mustaffa and Tay Cheng Ai.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|9. | ACTIONS
PENDING COMPLETION
|-- | --------------------------

|9.1 | Save as permitted by Clauses 2.1 or 5 or as expressly disclosed in the
Disclosure Letter or with the prior written consent or agreement of the
Purchaser, the Vendor hereby undertakes to procure that, prior to the Completion
Date:
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.1 | the business of the Company will be carried on in the ordinary and usual course
so as to maintain the Company as a going concern and no steps will be taken
outside the ordinary course of business of the Company;
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.2 | there is no creation or issue or allowance to come into being of any Encumbrance
upon or over any part of the property or assets of the Company or uncalled
capital of the Company to secure any debt other than in the ordinary course of
business of the Company;
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.3 | the Company will not issue any shares, options, warrants, or other rights to
purchase any shares or any securities convertible or exchangeable for shares of
such stock or commit to do any of the foregoing;
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.4 | the Company will not modify or abrogate the rights
attached to any of the shares in its issued capital;
| | ----- | -------------------------------------------------------------------------------------------------------

| | 9.1.5 | the Company will not incur any capital expenditure or enter into any long term
contract or capital commitment other than replacements or necessary additions of
production equipment in the ordinary course of business of the Company and not
exceeding RM100,000 for each item;
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.6 | the Company will not pass any resolution by its members in general meeting or
make any alteration to the provisions of its Memorandum and Articles of
Association or other constitutional documents;
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.7 | the Company will not merge or consolidate with, purchase substantially all or
any substantial part of the assets of, or otherwise acquire any business or any
proprietorship, firm, association, corporation, or other business organisation
or divisions thereof;
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.8 | there is no capitalisation or repayment of any amount standing to the credit of
the reserve of the Company or redemption or purchase of any shares or any other
reorganisation of the share capital of the Company;
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.9 | there is no admission of any person (howsoever occurring) as a member of the
Company or the transfer or approval of the transfer of any of the shares in its
issued capital other than as contemplated in this Agreement;
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.10 | the Company will not pay or agree to pay to its directors or officers or any of
them any remuneration or other emoluments or benefits whatsoever other than
those which have been disclosed to the Purchaser;
| | ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.11 | there is no dismissal or transfer
(other than for cause following consultation with the Purchaser) of any Key Employee;
| | ------ | -----------------------------------------------------------------------------------------------------------------------

| | 9.1.12 | the Company will not lend any money or otherwise pledge the credit of the
Company other than in the ordinary course of business of the Company;
| | ------ | -----------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.13 | there is no giving of any  guarantees  or  indemnity  by the
Company  other than in the  ordinary  course of  business of the
                  Company;
| | ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.14 | there is no compromise, settlement, release, discharge or compounding of
litigation or arbitration proceedings or a liability, claim, action, demand or
dispute, or waiver of a right in relation to litigation or arbitration
proceedings by the Company which is material in the context of its business;
| | ------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.1.15 | there is no termination of, or giving of a notice to terminate,
the lease of any of the properties of the Company; and
| | ------ | ----------------------------------------------------------------------------------------------------------------------

| | 9.1.16 | there is no recruitment of any person as a key or senior employee within the
Company, or the making of any change to the terms of employment (including
bonuses and ex gratia payments) of any Key Employee.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10. | CONFIDENTIALITY
|--- | ---------------

|10.1 | Effect of Clause: The Parties acknowledge and agree that the provisions
of this Clause 10 shall continue to have full force and effect notwithstanding
Completion or termination of this Agreement.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10.2 | Vendors Obligations: Subject to Clause 10.4, the Vendor shall, and
shall procure and ensure that its Representatives shall, treat as confidential
and not disclose or use any information received or obtained as a result of, or
in connection with, entering into this Agreement (or any agreement entered into
pursuant to this Agreement) which relates to:
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.2.1 | the provisions of this Agreement and any agreement entered into pursuant to this Agreement;
| | ------ | -------------------------------------------------------------------------------------------

| | 10.2.2 | the negotiations relating to this Agreement (and such other agreements);
| | ------ | ------------------------------------------------------------------------

| | 10.2.3 | the Purchaser's business, financial or other affairs (including future plans and targets); and
| | ------ | ----------------------------------------------------------------------------------------------

| | 10.2.4 | the
Companys business, financial or other affairs (including future plans and
targets).
| | ------ | ----------------------------------------------------------------------------------------

|10.3 | Purchasers Obligations: Subject to Clause 10.4, the Purchaser
shall, and shall procure and ensure that its Representatives shall, treat as
confidential and not disclose or use any information received or obtained as a
result of, or in connection with, entering into this Agreement (or any agreement
entered into pursuant to this Agreement) which relates to:
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.3.1 | the provisions of this Agreement and any agreement entered into pursuant to this Agreement;
| | ------ | -------------------------------------------------------------------------------------------

| | 10.3.2 | the negotiations relating to this Agreement (and such other agreements);
| | ------ | ------------------------------------------------------------------------

| | 10.3.3 | the Vendor's business, financial or other affairs (including future plans and targets); and
| | ------ | -------------------------------------------------------------------------------------------

| | 10.3.4 | unless and until Completion takes place, the Companys business, financial
or other affairs (including future plans and targets).
| | ------ | ---------------------------------------------------------------------------------------------------------------------------------

|10.4 | Permitted  Disclosures:  Neither  Clause 10.2 or 10.3 shall  prohibit  disclosure  (or use) of any  information  if and to the
         extent:
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------

| | 10.4.1 | the disclosure or use is required by law, any regulatory body or the rules and
regulations of any recognised stock exchange;
| | ------ | ----------------------------------------------------------------------------------------------------------------------------

| | 10.4.2 | the disclosure or use is required to vest the full benefit of this  Agreement in the Vendor or the Purchaser,  as the case may
                  be;
| | ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.4.3 | the disclosure or use is required for the purpose of any judicial or arbitral
proceedings arising out of this Agreement or any other agreement entered into
under or pursuant to this Agreement or the disclosure is reasonably required to
be made to a Taxation authority in connection with the Taxation affairs of the
disclosing party;
| | ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.4.4 | the disclosure is made to Representatives of the Purchaser or the Vendor on
terms that such Representatives undertake to comply with the provisions of
Clause 10.2 or 10.3 (as the case may be) in respect of such information as if
they were a party to this Agreement;
| | ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.4.5 | the information becomes publicly available (other than by breach of this Agreement);
| | ------ | ------------------------------------------------------------------------------------

| | 10.4.6 | the other Party has given prior written approval to the disclosure or use;
| | ------ | --------------------------------------------------------------------------

| | 10.4.7 | the disclosure is made pursuant to Clause 12 in relation to public announcements; or
| | ------ | ------------------------------------------------------------------------------------

| | 10.4.8 | the information is independently developed after Completion,
| | ------ | ------------------------------------------------------------

| | provided
that prior to disclosure or use of any information pursuant to Clauses 10.4.1,
10.4.2 or 10.4.3, the Party concerned shall, to the extent practicable, promptly
give written notice to the other Party of such requirement with a view to
providing the other Party with the opportunity to contest such disclosure or use
or otherwise to agree the timing and content of such disclosure or use and, if
requested by the other Party, provide a written opinion by external legal
advisors on the legal requirement for disclosure.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10.5 | Return of Information: In the event that this Agreement is terminated and
the transactions contemplated by this Agreement are not consummated, each Party
will return or destroy as much of such written information of the other Party as
such other Party may reasonably request unless such written information is
required by a Party for the purpose of any judicial or arbitral proceedings
arising out of this Agreement or any other agreement entered into under or
pursuant to this Agreement.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10.6 | Proprietary Records:The Parties agree that the following shall
constitute information that is confidential and proprietary to, and owned by,
Iomega Corporation (the Records), and that the Records are
not part of the assets of the Company being sold, and the Purchaser shall comply
with Clause 10.3 as though the Records form part of information relating to the
Vendors business, financial or other affairs:
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Any
and all information, records and documentation that is necessary for or utilised
in the development, manufacture and servicing of Iomega Corporations
products, including but not limited to development, manufacturing, testing,
error correction, software/firmware and supply chain records. For the avoidance
of doubt, such information, records and documentation shall not include the
statutory registers and minute books of the Company, the financial and
accounting books and records of the Company, the licencesof the Company,
lists of the customers and suppliers of the Company and payroll and other human
resource records relating to the employees of the Company.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|11. | RESTRICTED
ACTIVITIES
|--- | ---------------------

|11.1 | Non-solicitation of Employees:The Vendor hereby undertakes with the
Purchaser that, except with the consent in writing of the Purchaser, during the
period of 12 months falling after the Completion Date, it will not, and will
procure and ensure that its affiliates will not, either on its own account or in
conjunction with or on behalf of any other person, firm, company or
organisation, solicit or entice away or attempt to solicit or entice away from
the Company any person who is an officer, manager or key employee of the
Company, whether or not such person would commit a breach of his contract of
employment by reason of leaving such employment. The hiring of any individual
who responds to an advertisement of a post available to a member of the public
generally shall not constitute a breach of this Clause 11.1.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|11.2 | Modifications to Restrictions: While the Vendor acknowledges that the
restrictions contained in Clause 11.1 are reasonable in all the circumstances it
is recognised that restrictions of the nature in question may fail for technical
reasons unforeseen and accordingly it is hereby agreed and declared that if any
of such restrictions shall be adjudged to be void as going beyond what is
reasonable in all the circumstances for the protection of the interests of the
Company but would be valid if part of the wording thereof were deleted or the
periods thereof reduced or the range of activities or area dealt with thereby
reduced in scope, the said restriction shall apply with such modifications as
may be necessary to make it valid and effective.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|12. | ANNOUNCEMENTS
|--- | -------------

| | Neither
Party shall make any public announcement or issue any circular relating to the
existence or subject matter of this Agreement without the express written
consent of the other Party. If a public announcement or a circular is required
by law or by any requirement of any regulatory authority or any recognised stock
exchange, the Party required to make such announcement or to issue such circular
shall first notify the other Party in writing before such announcement or
circular is made or issued, and, to the extent permitted by any time limits
imposed by law, any regulatory authority or any recognised stock exchange,
consult with the other Party as to the contents of such announcement or
circular, before such announcement or circular is made or issued. If requested
by the other Party, the disclosing Party shall provide a written opinion by
external legal advisors on the legal requirement for disclosure.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|13. | ENTIRE
AGREEMENT
|--- | ----------------

| | This
Agreement embodies all the terms and conditions agreed upon between the Parties
as to the subject matter of this Agreement and supersedes and cancels in all
respects all previous agreements and undertakings, if any, between the Parties
with respect to the subject matter hereof, whether such be written or oral.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|14. | INDULGENCE, WAIVER ETC.
|--- | -----------------------

| | No
failure on the part of either Party to exercise and no delay on the part of such
Party in exercising any right hereunder will operate as a release or waiver
thereof, nor will any single or partial exercise of any right under this
Agreement preclude any other or further exercise of it.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|15. | POST
COMPLETION COVENANTS
|--- | -------------------------

|15.1 | Pioneer Status.
|---- | ---------------

| | 15.1.1 | At all times after the Completion Date, the Purchaser shall comply, and cause
the Company to comply, in all material respects, with all conditions and
requirements applicable to the certificate of pioneer status referred to in
Clause 2.1.1 and shall indemnify the Vendor against any Damages that the Vendor
incurs as a result of any failure on the part of the Company or the Purchaser to
so comply with such conditions or requirements on and after the Completion Date.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 15.1.2 | The Vendor shall indemnify the Purchaser against any Damages that the Purchaser
incurs as a result of any failure on the part of the Company or the Vendor to
comply with all conditions and requirements applicable to the Pioneer
Certificate or the certificate of pioneer status referred to in Clause 2.1.1
prior to the Completion Date.
| | ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|15.2 | Access of the Vendor to Books and Records. For a period of not more than
four years after the Completion Date, the Purchaser shall give the Vendor, and
the Vendors Representatives, reasonable access to the books and records of
the Company (to the extent such books and records relate to the period prior to
the Completion Date) during usual business hours subject to:
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 15.2.1 | not less than 48 hours notice and subject to the Vendor and the
Vendors Representatives complying with such conditions as to
confidentiality and use of such books and records as the Purchaser may
reasonably stipulate; and
| | ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 15.2.2 | any confidentiality obligations which are binding on the Company and which may
restrict or prohibit disclosure by the Company of any information in such books
and records.
| | ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | The
Purchaser shall, in addition, provide such copies of the books and records of
the Company (to the extent such books and records relate to the period prior to
the Completion Date) as may be reasonably requested by the Vendor from time to
time after such four-year period, such request to be accompanied by the reason
for the need for such copies.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|16. | SUCCESSORS
AND ASSIGNS
|--- | ----------------------

|16.1 | Agreement Binding:  This Agreement shall be binding on and shall enure for the benefit of each of the Parties'  successors and
         assigns. Any reference in this Agreement to either of the Parties shall be construed accordingly.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|16.2 | Assignment:  Neither Party may transfer or assign its rights and  obligations  under this Agreement  without the prior written
         consent of the other Party.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------

|17. | TIME OF ESSENCE
|--- | ---------------

| | Time
shall be of the essence of this Agreement, both as regards the dates and periods
mentioned and as regards any dates and periods which may be substituted for them
in accordance with this Agreement or by agreement in writing between the
Parties.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|18. | FURTHER
ASSURANCE
|--- | -----------------

| | At
any time after the date of this Agreement each Party shall, and shall use its
reasonable endeavours to procure that any necessary third party shall, execute
such documents and do such acts and things as the other Party may reasonably
require for the purpose of giving to such other Party the full benefit of all
the provisions of this Agreement and for the purpose of ensuring that the
transactions contemplated by this Agreement are carried out in compliance with
applicable laws and regulations.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19. | INDEMNIFICATION AND RELATED MATTERS
|--- | -----------------------------------

|19.1 | Indemnification by Vendor:
|---- | --------------------------

| | (i) | Subject to the limitations set forth in this Clause 19 and elsewhere in this
Agreement, the Vendor shall indemnify the Purchaser against any and all Damages
that the Purchaser incurs as a result of any breach by the Vendor of any of the
Title Warranties or the Vendor Warranties.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii) | Notwithstanding Clause 8.1.1 but subject to the limitations set forth in this
Clause 19 and elsewhere in this Agreement, the Vendor shall indemnify the
Purchaser against any and all Damages that the Purchaser incurs as a result of:
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (a) | the matters disclosed in paragraph 5 of the Disclosure Letter; and
| |  | --- | ------------------------------------------------------------------

| |  | (b) | the matters disclosed in paragraph 6 of the Disclosure Letter provided always
that the Purchaser shall procure that the Company shall continue to defend in
good faith the two labour disputes referred to in the said paragraph 6.
| |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.2 | Indemnification by Purchaser:The Purchaser shall indemnify the
Vendor against any and all Damages that the Vendor incurs as a result of any
breach by the Purchaser of any of the Purchaser Warranties.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.3 | Expiration of Representations, Warranties and Covenants: All of:
|---- | ----------------------------------------------------------------

| | 19.3.1 | the Vendor Warranties, representations and covenants relating to Taxation shall
terminate and expire, and shall cease to be of any force or effect, on the date
falling two years after the Completion Date;
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 19.3.2 | the Vendor Warranties, representations and covenants relating to a contravention
of, or non-compliance with any environmental, health and safety laws or
regulations shall terminate and expire, and shall cease to be of any force or
effect, on the date falling three years after the Completion Date;
| | ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 19.3.3 | the other Vendor Warranties, Title Warranties, representations and covenants
shall terminate and expire, and shall cease to be of any force or effect, on 31
December 2003, and all liability of the Vendor with respect to such Vendor
Warranties, Title Warranties, representations and covenants shall on the
relevant dates specified above be extinguished provided, however, that if, prior
to such relevant dates, the Purchaser shall have duly delivered a Claim Notice
(as defined below) to the Vendor in conformity with Clause 19.9, then the
specific indemnification claim set forth in such Claim Notice shall survive such
relevant date (and shall not be extinguished thereby); and
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 19.3.4 | the Purchaser Warranties, representations and covenants shall terminate and
expire, and shall cease to be of any force or effect, on 31 December 2003, and
all liability of the Purchaser with respect to such Purchaser Warranties,
representations and covenants shall on 31 December 2003 be extinguished
provided, however, that if, prior to 31 December 2003, the Vendor shall have
duly delivered a Claim Notice (as defined below) to the Purchaser in conformity
with Clause 19.9, then the specific indemnification claim set forth in such
Claim Notice shall survive such relevant date (and shall not be extinguished
thereby).
| | ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.4 | De Minimis Amount:
|---- | ------------------

| | 19.4.1 | Without limiting the effect of any of the other limitations set forth herein,
the Vendor shall not be required to make any indemnification payment hereunder
with respect to any breach of any of the Vendor Warranties, except to the extent
that (i) the amount of the Damages incurred by the Purchaser as a result of any
individual breach of the Vendor Warranties exceed US$30,000 and (ii) the
cumulative amount of the Damages incurred by the Purchaser as a result of all
such breaches of the Vendor Warranties exceeds the De Minimis Amount (as defined
below). For the avoidance of doubt, the Vendor shall be required to pay, and
shall be liable for, the entire amount of such Damages incurred, and not merely
the difference between the amount of such Damages incurred and the De Minimis
Amount. For the purpose of this Clause 19.4.1 and Clause 19.4.2, the De Minimis
Amount shall be US$300,000.
| | ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 19.4.2 | Without limiting the effect of any of the other limitations set forth herein,
the Purchaser shall not be required to make any indemnification payment
hereunder with respect to any breach of the Purchaser Warranties, except to the
extent that (i) the amount of the Damages incurred by the Purchaser as a result
of any individual breach of the Purchaser Warranties exceed US$ 30,000 and (ii)
the cumulative amount of the Damages incurred by the Vendor as a result of all
such breaches of the Purchaser Warranties exceeds the De Minimis Amount. For the
avoidance of doubt, the Purchaser shall be required to pay, and shall be liable
for, the entire amount of such Damages incurred, and not merely the difference
between the amount of such Damages incurred and the De Minimis Amount.
| | ------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.5 | De
Maximis:
|---- | -----------

| | 19.5.1 | Without limiting the effect of any of the other limitations set forth herein, in
no event shall the aggregate liability of the Vendor in respect of all claims
for breach of the Title Warranties, the Vendor Warranties, undertakings and
covenants of the Vendor exceed the Completion Value.
| | ------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 19.5.2 | Without limiting the effect of any of the other limitations set forth herein, in
no event shall the aggregate liability of the Purchaser in respect of all claims
for breach of the warranties, undertakings and covenants of the Purchaser exceed
the Completion Value.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.6 | No Limitation: Clause 19.5.1 shall not apply to the liability of the
Vendor under Clause 19.1 specifically in respect of any breach of the Vendor
Warranties if such breach relates to, or results in, a Liability owed or payable
by the Company to the Vendor or Iomega Corporation or its affiliate.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.7 | Fraud: None of the limitations contained in this Clause 19 shall apply to
any claim by one Party against the other Party which arises as the consequence
of, or which is delayed as a result of, fraud by such other Party.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.8 | No Implied  Representations: The Purchaser and the Vendor  acknowledge that, except as expressly provided in Clauses 7 and 8,
         neither Party has made or is making any representations or warranties whatsoever, implied or otherwise.
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.9 | Indemnification Claims: If either Party (the Claimant)
wishes to assert an indemnification claim against the other Party, the Claimant
shall deliver to the other Party a written notice (a Claim
Notice) setting forth:
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 19.9.1 | the specific representation, warranty or covenant alleged to have been breached by such other Party;
| | ------ | ----------------------------------------------------------------------------------------------------

| | 19.9.2 | a detailed description of the facts and circumstances  giving rise to the alleged breach of such  representation,  warranty or
                  covenant; and
| | ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 19.9.3 | a detailed description of, and a reasonable estimate of the total amount of, the
Damages actually incurred or expected to be incurred by the Claimant as a direct
result of such alleged breach.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.10 | Defence of Third Party Actions:
|----- | -------------------------------

| | 19.10.1 | If either Party (the Indemnitee) receives notice or otherwise
obtains knowledge of any Matter or any threatened Matter that may give rise to
an indemnification claim against the other Party (the Indemnifying
Party), then the Indemnitee shall as soon as practicable deliver to
the Indemnifying Party a written notice describing such Matter in reasonable
detail; provided, however, that for the sole purpose of determining whether a
Matter or threatened Matter may give rise to an indemnification claim against
the Vendor within the meaning of this sentence, the limitation set forth in
Clause 19.4 shall not be taken into account. The timely delivery of such written
notice by the Indemnitee to the Indemnifying Party shall not be a condition
precedent to any liability on the part of the Indemnifying Party under this
Clause 19 with respect to such Matter.
| | ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 19.10.2 | The provisions of Clause 19.10.3 shall only apply if:
| | ------- | -----------------------------------------------------

| |  | (i) | in the case where the Purchaser is the Indemnitee, the Matter involves a claim
by a third party (which shall include any governmental, regulatory or Taxation
authority) against the Company or the Purchaser; and
| |  | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (ii) | in the case where the Vendor is the Indemnitee, the Matter involves a claim by a
third party (which shall include any governmental, regulatory or Taxation
authority) against the Vendor.
| |  | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 19.10.3 | The Indemnifying Party shall have the right, at its option, to assume the
defence of any such Matter with its own counsel. If the Indemnifying Party
elects to assume the defence of any such Matter, then:
| | ------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (i) | notwithstanding anything to the contrary contained in this Agreement, the
Indemnifying Party shall not be required to pay or otherwise indemnify the
Indemnitee against any attorneys fees or other expenses incurred on behalf
of the Indemnitee in connection with such Matter following the Indemnifying
Partys election to assume the defence of such Matter;
| |  | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (ii) | the Indemnitee shall make available to the Indemnifying Party all books, records
and other documents and materials that are under the direct or indirect control
of the Indemnitee and that is reasonably necessary for the defence of such
Matter;
| |  | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (iii) | the Indemnitee shall at the Indemnifying Partys cost and expense execute
such documents and take such other actions as the Indemnifying Party may
reasonably request for the purpose of facilitating the defence of, or any
settlement, compromise or adjustment relating to, such Matter;
| |  | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (iv) | the Indemnitee  shall  otherwise
fully  cooperate as reasonably  requested by the  Indemnifying  Party in the defence of such
                         Matter;
| |  | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (v) | the Indemnitee shall not admit any liability
with respect to such Matter; and
| |  | --- | -----------------------------------------------------------------------------

| |  | (vi) | the Indemnifying Party shall have the exclusive right to settle, adjust or
compromise such Matter, on such terms as it may deem appropriate, without the
consent or approval of the Indemnitee or any other person.
| |  | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | If
the Indemnifying Party elects not to assume the defence of such Matter, then the
Indemnitee shall defend, settle, adjust or compromise such Matter as the
Indemnitee deems fit (but shall not settle, adjust or compromise such Matter
without the Indemnifying Partys prior written consent, such consent not to
be unreasonably withheld).
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.11 | Subrogation: Subject to Clause 8.5, to the extent that either Party (the
Indemnitor) makes or is required to make any indemnification
payment to the other Party (the Indemnified Party), the
Indemnitor shall be entitled to exercise, and shall be subrogated to, any rights
and remedies (including rights of indemnity, rights of contribution and other
rights of recovery) that the Indemnified Party may have against any other person
with respect to any Damages, circumstances or Matter to which such
indemnification payment is directly or indirectly related. The Indemnified Party
shall permit the Indemnitor to use the name of the Indemnified Party in any
transaction or in any proceeding or other Matter involving any of such rights or
remedies; and the Indemnified Party shall, at the Indemnitors cost and
expense, take such actions as the Indemnitor may reasonably request for the
purpose of enabling the Indemnitor to perfect or exercise the Indemnitors
right of subrogation hereunder.
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.12 | Exclusivity: A Party shall not be entitled to the remedy of rescission
for breach by the other Party of any representation or warranty or covenant once
Completion has taken place unless the breach arises out of the fraud of the
other Party. Save as aforesaid, the right of each Party to assert
indemnification claims and receive indemnification payments pursuant to this
Clause 19 shall be the sole and exclusive right and remedy exercisable by such
Party with respect to any breach by the other Party of any representation,
warranty or covenant.
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19.13 | Exceptions: Notwithstanding anything to the contrary contained in this
Agreement, neither Party shall have any liability to the other Party in respect
of any special, indirect, aggravated and/or punitive Damages except for any
Damages sustained by one Party attributable to the other Partys
intentional acts or omissions, wilful misconduct or gross negligence.
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|20. | REMEDIES
|--- | --------

| | Subject
to Clause 19.3, each indemnity given by a Party in this Agreement is a
continuing obligation, separate and independent from the other obligations of
such Party and survives termination of this Agreement. It is not necessary for a
Party to incur expense or make payment before enforcing a right of indemnity
conferred by this Agreement.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|21. | REASONABLENESS OF THIS CLAUSE
|--- | -----------------------------

| | Each
Party confirms it has received independent legal advice relating to all the
matters provided for in this Agreement, including the provisions of this Clause,
and agrees, having considered the terms of this Clause and this Agreement as a
whole, that the provisions of this Clause are fair and reasonable.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|22. | RIGHTS OF
THIRD PARTIES
|--- | -----------------------

| | A
person who is not a party to this Agreement has no right under any applicable
law to enforce any term of this Agreement.
| | --------------------------------------------------------------------------------------------------------------------------

|23. | COSTS
|--- | -----

| | Subject
to Clauses 2.2 and 6.9, each Party shall bear its own legal and other costs and
expenses incurred by it in connection with this Agreement and the sale and
purchase of the Sale Shares. The Purchaser shall bear all transfer taxes, stamp
duty, filing fees, registration fees, recordation expenses or other similar
taxes, fees, charges or expenses payable in connection with the purchase of the
Sale Shares.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|24. | SEVERABILITY OF PROVISIONS
|--- | --------------------------

| | If
any provision of this Agreement is held to be illegal, invalid or unenforceable
in whole or in part in any jurisdiction, this Agreement shall, as to such
jurisdiction, continue to be valid as to its other provisions and the remainder
of the affected provision; and the legality, validity and enforceability of such
provision in any other jurisdiction shall be unaffected.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|25. | VARIATION
|--- | ---------

| | No variation of this Agreement shall be effective unless in writing and signed by or on behalf of each of the Parties to
         this Agreement.
| | -------------------------------------------------------------------------------------------------------------------------------------------------

|26. | COMMUNICATIONS
|--- | --------------

| | All
notices, demands or other communications required or permitted to be given or
made hereunder shall be in writing and delivered personally or (if to or from an
address outside Singapore) sent by prepaid registered air-mail or overnight
courier, or by facsimile transmission addressed to the intended recipient
thereof at its address or at its facsimile number set out at the end of this
Agreement (or to such other address or facsimile number as either Party may from
time to time duly notify the other Party in writing). Any such notice, demand or
communication shall be deemed to have been duly served (if delivered personally
or given or made by facsimile) immediately or (if made or given by overnight
courier) three Business Days after delivery to the courier or (if made or given
by prepaid registered air-mail) 10 Business Days after posting and in proving
delivery it shall be sufficient to show that personal delivery was made or that
the envelope containing such notice was properly addressed as a prepaid
registered delivery letter or that the facsimile transmission was properly
addressed and despatched.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|27. | GOVERNING
LAW AND ARBITRATION
|--- | -----------------------------

|27.1 | Governing Law:  This Agreement shall be governed by, and construed in accordance with, the laws of Singapore.
|---- | -------------------------------------------------------------------------------------------------------------

|27.2 | Arbitration:In case any dispute or difference shall arise amongst the
Parties as to the construction of this Agreement or as to any matter of
whatsoever nature arising thereunder or in connection therewith, including any
question regarding its existence, validity or termination, such dispute or
difference shall be submitted to a single arbitrator to be appointed by the
Parties or, failing agreement within 14 days after either Party has given to the
other Party in dispute a written request to concur in the appointment of an
arbitrator, a single arbitrator to be appointed on the request of either Party
by the President for the time being of the International Chamber of Commerce
(ICC) and such submission shall be a submission to
arbitration in accordance with the rules of the ICC as presently in force by
which the Parties in dispute agree to be so bound. The place of arbitration
shall be Singapore and the arbitration shall be conducted wholly in the English
language.
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|28. | RIGHTS TO
NAME AND LOGO
|--- | -----------------------

| | For
a period of three months following Completion, the Company may continue its use
of the Iomega name and logo to the extent it has utilised the same prior to
Completion. Thereafter, the Company shall cease use of the Iomega name and logo
and any and all likeness thereto, and shall change and adopt a new name for the
Company. At such time the Company shall notify all necessary parties of such
name change as is reasonable and practicable under the circumstances. The
Company does not have the right to transfer, license or otherwise assign its
rights in and to the Iomega name and logo or any likeness thereto. The Purchaser
and the Company shall be responsible to the Vendor for any Damages caused by the
Companys unauthorised or improper use of the Iomega name and logo.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|29. | COUNTERPARTS
|--- | ------------

| | This
Agreement may be signed in any number of counterparts and by the Parties on
separate counterparts, each of which, when so executed, shall be an original,
but all counterparts so executed by the Parties shall together constitute one
and the same document and shall be binding on the Parties as if they had
executed this Agreement in a single document. Signatures may be exchanged by
facsimile, with original signatures to follow. Each Party agrees to be bound by
its own facsimile signature and that it accepts the facsimile signature of the
other Party.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

# Schedule 1

# Particulars Of The Company

`(1)        Registration Number                                        :    395223-W
(2)        Registered Office                                          :    Suite 13.03, 13th Floor,  Menara Tan &
                                                                           Tan,   207  Jalan  Tun  Razak,   Kuala
                                                                           Lumpur 50400
(3)        Date and Place of Incorporation                            :    23 July 1996
                                                                           Malaysia

(4)        Authorised Share Capital                                   :    RM50,000,000
(5)        Issued and Fully Paid-up Share Capital                     :    RM25,000,000
(6)        Par Value                                                  :    RM1
(7)        Shareholder and Number of Shares                           :    The Vendor
                                                                           25,000,000

(8)        Director(s)                                                :    Tan Leh Kiah
                                                                           William Stanley Walker Davidson
                                                                           Joseph John Adams

(9)        Secretaries                                                :    Tan Leh Kiah
                                                                           Tay Chee Wah
                                                                           Pan Mi Keay

(10)       Financial Year                                             :    1 January to 31 December
(11)       Auditors                                                   :    Ernst & Young`

# Schedule 2

# Warranties
By The Vendor Under Clause 8.1

Except as detailed in the Disclosure Letter:

|1. | Organisation
|-- | ------------

| | The
Company is a company limited by shares validly existing under the laws of
Malaysia and has all requisite corporate power to own, lease and operate its
properties and to carry on its business as now being conducted, and is duly
qualified to do such business in each jurisdiction where the conduct of its
business or ownership of its properties requires such qualification.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2. | Company
|-- | -------

|2.1 | Memorandum
and Articles of Association
|--- | --------------------------------------

| | The
execution and delivery of, and the performance by the Vendor of its obligations
under, this Agreement will not:
| | -------------------------------------------------------------------------------------------------------------------

| | 2.1.1 | result in a breach of any provision of the Memorandum or Articles of Association of the Company; or
| | ----- | ---------------------------------------------------------------------------------------------------

| | 2.1.2 | result in a breach of any order, judgment or decree of any court, governmental
agency or regulatory body to which the Company is a party or by which the
Company is bound.
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2.2 | Options
over Shares
|--- | -------------------

| | No
person has the right (whether exercisable now or in the future and whether
contingent or not) to call for the allotment, issue, sale or transfer of any
share or loan capital of the Company under any option or other agreement
(including conversion rights and rights of pre-emption).
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3. | Proforma
Balance Sheet
|-- | ----------------------

|3.1 | Proforma
Balance Sheet
|--- | ----------------------

| | The
Proforma Balance Sheet has been prepared in accordance with the Accounting
Standards so as to give a true and fair view of the Completion Value, to the
extent possible in light of the actions taken by the Company to prepare and
deliver the Proforma Balance Sheet in accordance with Clauses 5.1 and 5.2, and
as at that date make:
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3.1.1 | full provision for all actual Liabilities;
| | ----- | ------------------------------------------

| | 3.1.2 | proper provision for Liabilities referred to in Clause 5.1.4; and
| | ----- | -----------------------------------------------------------------

| | 3.1.3 | provision reasonably regarded as adequate for all bad and doubtful debts.
| | ----- | -------------------------------------------------------------------------

|3.2 | Depreciation of Fixed Assets
|--- | ----------------------------

| | In
the Proforma Balance Sheet, the fixed assets of the Company (other than the
Property) have been depreciated in accordance with the Accounting Standards or
otherwise written down to zero.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3.3 | Taxation
|--- | --------

| | Full
provision or reserve has been made in the Proforma Balance Sheet for all
Taxation liable to be assessed on the Company or for which the Company is or may
become accountable in respect of:
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3.3.1 | profits, gains or income (as computed for Taxation purposes) arising or accruing
or deemed to arise or accrue on or before the Proforma Balance Sheet Date;
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3.3.2 | any transactions or omissions effected or deemed to be effected on or before the
Proforma Balance Sheet Date or provided for in the Proforma Balance Sheet; and
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3.3.3 | distributions made or deemed to be made on or before the Proforma Balance Sheet
Date or provided for in the Proforma Balance Sheet.
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------

|3.4 | Accounts
Receivable
|--- | -------------------

| | None
of the accounts receivable listed in the Proforma Balance Sheet has been
outstanding for more than two months from their due dates for payment or has
been released on terms that the debtor has paid less than the full value of his
debt and all such debts have realised or will realise in the normal course of
collection their full value as included in the Proforma Balance Sheet after
taking into account the provision for bad and doubtful debts made in the
Proforma Balance Sheet. For the avoidance of doubt, a debt shall not be regarded
as realising its full value to the extent that it is paid, received or otherwise
recovered in circumstances in which such payment, receipt or recovery is or may
be void, voidable or otherwise liable to be reclaimed or set aside.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3.5 | Accounting
and other Records
|--- | ----------------------------

| | Taking
into account the special transactions contemplated under this Agreement, the
statutory books, books of account and other records of whatsoever kind of the
Company are up-to-date and maintained in accordance with all applicable legal
requirements on a proper and consistent basis and contain complete and accurate
records of all matters required to be dealt with in such books and all such
books and records and all other documents (including documents of title and
copies of all subsisting agreements to which the Company is a party) which are
the property of the Company or ought to be in its possession are in its
possession or under its control and no notice or allegation that any is
incorrect or should be rectified has been received. All accounts, documents and
returns required by law to be delivered or made to the Commission and other
relevant governmental or regulatory authorities in Malaysia have, in all
material respects, been duly and correctly delivered or made.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3.6 | Liabilities
|--- | -----------

| | There
are no Liabilities (including contingent liabilities) which are outstanding on
the part of the Company, other than those Liabilities disclosed in the Proforma
Balance Sheet or which have arisen in the ordinary course of business since the
date to which such accounts were prepared.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4. | Title to
Properties
|-- | -------------------

|4.1 | Subsidiaries, Associates and Branches
|--- | -------------------------------------

| | The Company:
| | ------------

| | 4.1.1 | is not the holder of, nor has agreed to acquire,  any share or loan  capital of any other  company  (whether  incorporated  in
                  Malaysia or elsewhere); or
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.1.2 | does not have outside Malaysia any branch, agency or place of business, or any
permanent establishment (as that expression is defined in the relevant double
Taxation relief orders current at the date of this Agreement).
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4.2 | Title to
Assets
|--- | ---------------

| | The
Company has good, valid and marketable title to all assets of the Company
included in the Proforma Balance Sheet and none is the subject of any
Encumbrance (excepting only liens arising by operation of law in the normal
course of trading).
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4.3 | Plant and
Machinery
|--- | -------------------

| | 4.3.1 | The plant,
machinery, vehicles, hardware and all other equipment used in connection with
the business of the Company:
| | ----- | ---------------------------------------------------------------------------------------------------------------------

| |  | (i) | are in good repair and condition and satisfactory
 working order; and
| |  | --- | ---------------------------------------------------------------------

| |  | (ii) | are in the possession and control of the Company and are not expected to require
repair, replacements or additions within 12 months from the date of this
Agreement unless such repair, replacement or addition is in the ordinary course
of business of the Company.
| |  | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.3.2 | Maintenance contracts are in full force and effect in respect of all assets of
the Company which it is normal to have maintained by independent or specialist
contractors and in respect of all assets which the Company is obliged to
maintain or repair under any agreement; and to Vendors knowledge all such
assets have been maintained regularly to a good technical standard and in
accordance with safety regulations usually observed in relation thereto and in
accordance with the terms of any leasing or other agreement.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4.4 | Intellectual Property
|--- | ---------------------

| | 4.4.1 | The Company does not own any rights in any Intellectual Property.
| | ----- | -----------------------------------------------------------------

| | 4.4.2 | The Company is not, nor to the Vendors knowledge is any party with which
the Company has contracted, in breach of any licence, sub-licence or assignment
granted to or by it in respect of any Intellectual Property used by or otherwise
required for the business of the Company.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.4.3 | The products made, used or sold, the services provided and the businesses
conducted by the Company within the last three years do not, and/or at the time
of being provided or conducted did not, infringe the rights of any other person
in any Intellectual Property.
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4.5 | The
Property
|--- | ------------

| | 4.5.1 | The Property comprises all of the premises and land leased, owned, occupied or
otherwise used in connection with the business of the Company.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------

| | 4.5.2 | The Company is the legal owner of, and beneficially entitled to the whole of the
proceeds of sale of, and has good and marketable title to the whole of the
Property.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.5.3 | The Company has in its possession or unconditionally held to its order all the
original documents of title and other documents and papers relating to the
Property.
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.5.4 | To the Vendors knowledge, there are no mortgages, charges or debentures
(whether legal or equitable and whether fixed or floating), rent charges,
liabilities to maintain roadways, liens (whether for costs or to an unpaid
vendor or otherwise), annuities or trusts (whether for securing money or
otherwise), affecting the Property or the proceeds of sale thereof.
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.5.5 | To the knowledge of the Vendor,the Property is not subject to any
adverse estate, right, interest, covenant, restriction, stipulation, easement,
option, right of pre-emption, wayleave, profit a prendre, licence or other right
or informal arrangement in favour of any third party (whether in the nature of a
public or private right or obligation) nor is there any agreement or commitment
to give or create any of the foregoing and where the Property is subject to any
such arrangement no breach has occurred of any of the terms thereof and all
rights of light, air and support are enjoyed fully as of right.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.5.6 | The Property drains into a public sewer and is served by water, electricity and
gas utilities. To the knowledge of the Vendor,either the pipes, sewers,
wires, cables, conduits and other conducting media serving the Property connect
directly to the mains without passing through land in the occupation or
ownership of a third party or, if they do not, the facilities, easements or
rights necessary for the enjoyment and present use of the Property are enjoyed
on terms, to the knowledge of the Vendor,which do not entitle any person
to terminate or curtail the same.
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.5.7 | There are no outstanding actions, disputes, claims or demands in writing between
the Company and any third party affecting the Property.
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------

| | 4.5.8 | In relation to the Property:
| | ----- | ----------------------------

| |  | (i) | To the knowledge of the Vendor,no development at the Property or use of
the Property has been undertaken in breach of any planning legislation or any
other laws, regulations, bye-laws, orders, consents or permissions made or given
thereunder.
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (ii) | The planning consents and permissions affecting the Property are either
unconditional or are subject only to conditions which are, to the knowledge of
the Vendor, not temporary and which have been satisfied or fully observed and
performed up to the date of this Agreement.
| |  | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (iii) | To the knowledge of the Vendor,there is no resolution, proposal, scheme
or order, whether formally adopted or not, for the compulsory acquisition of the
whole or any part of the Property or any access or egress, or for the
alteration, construction or improvement of any road, sub-way, underpass,
footbridge, elevated road, dual carriageway or flyover upon or adjoining the
Property or any access or egress.
| |  | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (iv) | To the knowledge of the Vendor,there is no outstanding statutory or
informal written notice relating to the Property or any business carried on
thereat or the use thereof.
| |  | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | (v) | To the knowledge of the Vendor,
 there is no outstanding monetary claim or liability,  contingent or otherwise,  in respect of the Property.
| |  | --- | --------------------------------------------------------------------------------------------------------------------------------------------

| | 4.5.9 | In relation to the Property:
| | ----- | ----------------------------

| |  | (i) | To the Vendor's knowledge, the buildings and other structures
 on the Property are in good and substantial repair.
| |  | --- | ------------------------------------------------------------------------------------------------------------------

| |  | (ii) | To the knowledge of the Vendor,none of the following has in the past or
might in the future affect the Property in any material respect:
| |  | ---- | ----------------------------------------------------------------------------------------------------------------------------------------

| |  |  | (a) | structural  or other defects in the Property or the building of which the Property is part or in any drains,  pipes,  wires or
                                    services;
| |  |  | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  |  | (b) | flooding;
| |  |  | --- | ---------

| |  |  | (c) | subsidence; or
| |  |  | --- | --------------

| |  |  | (d) | wet or dry rot or any infestation.
| |  |  | --- | ----------------------------------

|5. | Taxation
Matters
|-- | ----------------

|5.1 | Returns,
Information and Clearances
|--- | -----------------------------------

| | 5.1.1 | All returns, computations and notices which are or have been required to be made
or given by the Company for any Taxation purpose (i) have been made or given
within the requisite periods and on a proper basis and are up-to-date and
correct and (ii) none of them is, or is likely to be, the subject of any dispute
with any Taxation authorities.
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.2 | All information required to be provided to the relevant Taxation authorities has
been provided within the requisite period and is full and accurate.
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.3 | No transaction has been effected by the Company and there has been no omission
by the Company in respect of which any consent or clearance from the relevant
Taxation authorities or other governmental authorities was required or was or
could have been sought (i) without such consent or clearance having been validly
obtained before the transaction was effected or before such omission occurred
and (ii) otherwise than in accordance with the terms of and so as to satisfy any
conditions attached to such consent or clearance, and (iii) otherwise than at a
time when and in circumstances in which such consent or clearance was valid and
effective.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.4 | All particulars furnished to the relevant Taxation authorities or other
governmental authorities, in connection with the application for the Pioneer
Certificate or any other consent or clearance by the Company, fully and
accurately disclosed all facts and circumstances material to the decision of the
relevant Taxation authorities or the governmental authority concerned.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.5 | There are no circumstances that have arisen since any application for the
Pioneer Certificate or any such other consent or clearance was made which might
reasonably be expected to cause the Pioneer Certificate or such other consent or
clearance to be or become invalid or to be withdrawn by the relevant Taxation
authorities or the governmental authority concerned.
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.6 | The Company has complied in all material respects with the terms and conditions
of the Pioneer Certificate or any other arrangement or agreement which it has
previously had with the relevant Taxation authorities or the governmental
authority concerned.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.7 | The Company has not nor has any director or officer of the Company since its
incorporation paid, or become liable to pay, any fine, penalty or interest
charged by virtue of any other statutory provision relating to Taxation.
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.1.8 | The Company is not party to any contract, licence, concession or other agreement
of whatsoever nature in respect of which the Company has or may have a liability
to Taxation as a result of the sale of the Sale Shares under this Agreement.
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5.2 | Deductions
from Payments
|--- | ------------------------

| | The
Company has complied in all respects with all statutory provisions relating to
Taxation and requiring the deduction of tax from any payment made by it, and has
properly accounted for any such tax which ought to have been accounted for.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5.3 | Anti-avoidance Provisions
|--- | -------------------------

| | The
Company has not since its incorporation engaged in, or been a party to, any
transaction or omission or series of transactions or omissions or scheme or
arrangement of which the main purpose, or one of the main purposes, was or could
be said to be the unlawful avoidance of, or unlawful deferral of or a reduction
in the liability to, Taxation.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6. | Contracts
|-- | ---------

|6.1 | Compliance
with Agreements
|--- | --------------------------

| | To
the Vendors knowledge, the terms of all leases, tenancies, licences,
concessions and agreements of whatsoever nature to which the Company is a party
have been complied with in all material respects by the Company and there are no
circumstances likely to give rise to any breach of such terms.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6.2 | Effect of
Sale of the Shares
|--- | ----------------------------

| | 6.2.1 | Compliance with this Agreement does not and will not conflict with or result in
the breach of or constitute a default under any material agreement or instrument
to which the Company is now a party or any loan to or mortgage created by the
Company or entitle such party to terminate such contract, whether summarily or
by notice, or to the knowledge of the Vendor, relieve any other party to a
contract with the Company of its obligations under such contract.
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6.2.2 | To the knowledge of the Vendor, neither entering into nor completing this
Agreement will or is likely to cause the Company to lose the benefit of any
material right or privilege it presently enjoys with any person (excluding
Iomega Corporation and its affiliates) who normally does business with or gives
credit to the Company.
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|7. | Legal
Matters
|-- | -------------

|7.1 | Compliance
with Laws
|--- | --------------------

| | The
Company has carried on its business in accordance with applicable laws,
regulations and byelaws in Malaysia and in any relevant foreign country and
there is no investigation or enquiry by, or order, decree or judgment of, any
court or any governmental agency or regulatory body outstanding or to the
Vendors knowledge, anticipated against the Company which, if determined
adversely to the Company, would have a material adverse effect upon its assets
or business.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|7.2 | Licences
and Consents
|--- | ---------------------

| | All
statutory, municipal and other licences, consents, permits and authorities
necessary or desirable for the carrying on of the business of the Company as now
carried on have been obtained and are valid and subsisting and all conditions
applicable to any such licence, consent (including any planning consent) permit
or authority have been complied with in all material respects and none of such
licences, consents, permits or authorities has been breached in any material
respect or is likely to be suspended, cancelled, refused or revoked.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|7.3 | Litigation
|--- | ----------

| | 7.3.1 | Since the
Balance Sheet Date, no written claim sounding in damages has been made against
the Company.
| | ----- | -----------------------------------------------------------------------------------------------------

| | 7.3.2 | The Company is not at present engaged whether as plaintiff or defendant or
otherwise in any legal action, proceedings or arbitration (other than as
plaintiff in the collection of debts arising in the ordinary course of its
business none of which exceeds RM100,000) or is being prosecuted for any
criminal offence and there are no such proceedings or prosecutions pending or to
the knowledge of the Vendor, threatened in writing.
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7.3.3 | To the knowledge of the Vendor, there are no investigations, disciplinary
proceedings or other circumstances likely to lead to any such claim or legal
action, proceedings or arbitration (other than as aforesaid) or prosecution.
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|7.4 | Insolvency
etc.
|--- | ---------------

| | 7.4.1 | No order has
been made, petition presented, resolution passed or meeting convened for the
winding up of the Company.
| | ----- | --------------------------------------------------------------------------------------------------------------------

| | 7.4.2 | No petition has been presented for an administration order to be made in
relation to the Company, nor has any such order been made.
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------

| | 7.4.3 | No receiver (including an administrative receiver) has been appointed of the
whole or any part of any of the property, assets and/or undertaking of the
Company.
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7.4.4 | No composition in satisfaction of the debts of the Company, or scheme of
arrangement of its affairs, or compromise or arrangement between it and its
creditors and/or members or any class of its creditors and/or members, has been
proposed, sanctioned or approved.
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7.4.5 | No distress, distraint, charging order, garnishee order, execution or other
process has been levied or applied for in respect of the whole or any part of
any of the property, assets and/or undertaking of the Company.
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|8. | Insurance
|-- | ---------

| | Other
than the insurance policies specified in the Disclosure Letter (the
Specified Policies), no other insurance policies have been
taken out by the Company. In respect of the Specified Policies:
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8.1 | all premiums have been duly paid to date;
| | --- | -----------------------------------------

| | 8.2 | to the knowledge of the Vendor,  all the Specified  Policies are in force and are not voidable on account of any act, omission
                  or non-disclosure on the part of the insured party; and
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8.3 | to the knowledge of the Vendor, no claim is outstanding, unpaid or in dispute
and no circumstances exist which are likely to give rise to any claim.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------

|9. | Environmental, Health and Safety and Products Liability
|-- | -------------------------------------------------------

|9.1 | For the purposes of this paragraph 9:
|--- | -------------------------------------

| | Environment
means living organisms including the ecological systems of which they form part
and the following media (alone or in combination): air (including the air within
buildings and the air within other natural or man-made structures whether above
or below ground); water (including, without limitation, water under or within
land or in drains or sewers and coastal and inland waters); and land (including
land under water); and in the case of man includes his property;
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Environmental
Laws means all applicable laws which have as a purpose or effect the
protection of, and/or prevention of harm or damage to, the Environment and/or
the provision of remedies or compensation for harm or damage to the Environment
or which relate to health and safety matters (including, without limitation,
laws relating to workers and public or consumer health and safety, hygiene,
emissions, discharges or threatened releases of Hazardous Substances into the
Environment or the production, processing, distribution, management, use,
treatment, storage, burial, disposal, transport or handling of any Hazardous
Substances) and all bye-laws, codes, regulations, decrees, demands or demand
letters, injunctions, judgments, notices or notice demands, orders or plans
issued, promulgated or approved by a governmental agency thereunder or in
connection therewith; and
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Hazardous
Substances means wastes, pollutants, contaminants or other substances
(including without limitation liquids, solids, gases, ions, living organisms,
and noise) that are known or suspected by a governmental agency having
jurisdiction over such matters to be harmful to human health or other life or
the Environment or a nuisance to any person or that may make the use or
ownership of any affected land or property more costly.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|9.2 | To the Vendors knowledge, the Company has complied with Environmental Laws
and has obtained and complied in all material respects with the terms of all
permits, licences and other authorisations required under such Environmental
Laws. As at Completion no material work or expenditure is required to obtain,
retain or secure compliance with any permits, licences or other authorisations
required under Environmental Laws or otherwise to comply with Environmental
Laws.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|9.3 | To the Vendors knowledge, there is no civil, criminal, regulatory or
administrative action, claim, investigation or other proceeding or suit pending
or threatened in writing against the Company arising from or relating to
Hazardous Substances or Environmental Laws, nor has the Vendor or the Company
received written notice of any complaint, claim, dispute, investigation or other
action against the Company arising from or relating to any such matters and
there are no circumstances which may lead to any such action, claim, dispute,
investigation, proceeding or suit.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|9.4 | To the Vendors knowledge,the Property is not contaminated with any
Hazardous Substances, and no material discharge, release, leaching, emission or
escape into the Environment of any Hazardous Substance has occurred or is
occurring:
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.4.1 | on or from the surface of the Property or onto or under the Property or onto,
under, on or from any property previously owned or occupied by the Company; or
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.4.2 | as a result of the Companys operations which might result in the Purchaser
and/or the Company incurring liability, suffering loss or being required to
undertake remedial action in respect thereof.
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|9.5 | The Company has
not manufactured, sold or supplied products or services which do not comply with
Environmental Laws.
|--- | --------------------------------------------------------------------------------------------------------------------

|10. | Employees
etc.
|--- | --------------

|10.1 | Employees
and terms of Employment
|---- | ---------------------------------

| | 10.1.1 | All existing contracts of service with directors or employees of the Company and
all consultancy agreements entered into by the Company have been disclosed to
the Purchaser.
| | ------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.1.2 | There are not in existence any contracts of service with directors or employees
of the Company, nor any consultancy agreements with the Company, which cannot be
terminated by three months notice or less or (where not reduced to
writing) by reasonable notice without giving rise to any claim for damages or
compensation (other than a statutory redundancy payment or statutory
compensation for unfair dismissal).
| | ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.1.3 | No changes to the contracts or agreements with the directors of the Company or
referred to in paragraph 10.1.1 above have been made or proposed whether by the
Company or employee or consultant since the Balance Sheet Date.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.1.4 | The Company has not, nor has it had, any apprentices or trainees.
| | ------ | -----------------------------------------------------------------

|10.2 | Liabilities to and for Employees
|---- | --------------------------------

| | 10.2.1 | There are no amounts owing to any present or former directors or employees of
the Company other than remuneration accrued due or for the reimbursement of
business expenses and no directors of the Company nor any of the Key Employees
has given or been given notice terminating his contract of employment.
| | ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.2.2 | Save to the extent (if any) to which provision or allowance has been made in the
Proforma Balance Sheet, the Company has not made nor has it agreed to make any
payment to or provided or agreed to provide any benefit for any present or
former director or employee which is not allowable as a deduction for the
purposes of Taxation.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.2.3 | Save to the extent (if any) to which provision or allowance has been made in the
Proforma Balance Sheet, the Company does not have outstanding any undischarged
liability to pay to any governmental or regulatory authority in any jurisdiction
any taxation, contribution or other impost arising in connection with the
employment or engagement of employees or directors by it.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.2.4 | Save to the
extent (if any) to which provision or allowance has been made in the Proforma
Balance Sheet:
| | ------ | --------------------------------------------------------------------------------------------------------

| |  | (i) | no liability has been incurred by the Company for breach of any contract of
service or for services of any employee or director, for redundancy payments
(including protective awards) or for compensation for wrongful dismissal or
unfair dismissal or for failure to comply with any order for the reinstatement
or re-engagement of any employee; 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 of any present or former director or employee.
| |  | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.2.5 | There are no
claims pending or to the knowledge of the Vendor threatened in writing, against
the Company:
| | ------ | ---------------------------------------------------------------------------------------------------------

| |  | (i) | by an employee or workman or third party, in respect of an accident or injury which
 is not fully covered by insurance; or
| |  | --- | --------------------------------------------------------------------------------------------------------------------------

| |  | (ii) | by an employee or director in relation to his terms and conditions of employment or appointment.
| |  | ---- | ------------------------------------------------------------------------------------------------

|10.3 | Compliance with Statutes
|---- | ------------------------

| | The
Company has in relation to each of its employees (and so far as relevant to each
of its former employees) complied in all material respects with:
| | -----------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.3.1 | all obligations imposed on it by all statutes, regulations and codes of conduct
and practice relevant to the relations between it and its employees or any trade
union and has maintained current adequate and suitable records regarding the
service of each of its employees;
| | ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.3.2 | all collective agreements and customs and practices for the time being dealing
with such relations or the conditions of service of its employees; and
| | ------ | -----------------------------------------------------------------------------------------------------------------------------------------------------

| | 10.3.3 | all relevant orders, declarations and awards made under any relevant statute,
regulation or code of conduct and practice affecting the conditions of service
of its employees.
| | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10.4 | Industrial Disputes and Negotiations
|---- | ------------------------------------

| | The
Company is not involved in any industrial or trade dispute or any dispute or
negotiation regarding a claim of material importance with any trade union or
association of trade unions or organisation or body of employees and there are
no facts known to the Vendor which might indicate that there may be any such
dispute.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10.5 | Share
Incentive, Bonus Schemes etc.
|---- | -----------------------------------

| | The
Company does not have in existence nor is it proposing to introduce any share
incentive scheme, share option scheme or profit sharing scheme for all or any
part of its directors or employees.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10.6 | Industrial Agreements
|---- | ---------------------

| | The
Company has not entered into any union membership, security of employment,
recognition or other collective agreement (whether legally binding or not) with
a trade union nor has it done any act which might be construed as recognition.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10.7 | Pensions
|---- | --------

| | The
Company does not have a pension or other scheme pursuant to which it makes or
could become liable to make payments for providing retirement benefits. No
proposal has been announced by the Company to establish any pension or other
scheme for providing any such benefits and the Company does not provide and has
not promised to provide any such benefits.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|10.8 | Employee
Retention Plan
|---- | -----------------------

| | The Company's maximum liability under the Employee Retention Plan is RM8,978,474.24.
| | ------------------------------------------------------------------------------------

---

# Schedule 3

# The Property

All that piece of leasehold
land held under H.S.(D) 8712, P.T. 3217, Mukim 12, South West District, Penang,
Malaysia together with all buildings erected thereupon.

---

# Schedule 4

# Key Employees

# [**]

---

`In witness whereof this Agreement has been entered into on the date stated at the beginning.

The Vendor

IOMEGA OVERSEAS B.V.


                        /s/Robert Crowley
By       :        _____________________________

                        Robert Crowley
Name     :        _____________________________

                        Director
Title    :        _____________________________


Address  :                 Iomega Overseas BV
                           c/o Iomega Corporation
                           4435 Eastgate Mall
                           San Diego, CA 92121 USA

Facsimile No.     :        (858) 795-7012

Attention         :        General Counsel

The Purchaser

VENTURE CORPORATION LIMITED


                        /s/Wong Ngit Liong
By       :        _____________________________

                        Wong Ngit Liong
Name     :        _____________________________

                        Chief Executive Officer
Title    :        _____________________________


Address  :                 5006 Ang Mo Kio Avenue 5
                           #05-01/12 TECHplace II
                           Singapore 569873

Facsimile No.     :        (65) 6482 0122

Attention         :        Mr Wong Ngit Liong`