----

|   |                                                                                                                                                                                                                                                                                                                       |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| AMONG: | COPERNIC INC., a corporation duly incorporated under the laws of Ontario, having its head office at 66 Wellington Street West, Suite 4200, Toronto, Ontario, M5K 1N6, herein acting and represented by Marc Ferland, its President and Chief Executive Officer, duly authorized for the purposes hereof as he so declares; |
|   |                                                                                                                                                                                                                                                                                                                       |
|   | (the “Seller”)                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                       |
| AND:   | EMPRESARIO INC., a corporation duly incorporated, under the laws of the State of Illinois, having its head office at 216 S. Jefferson, Suite 304, Chicago, Illinois, USA, 60661, herein acting and represented by Omar Solis, its President, duly authorized for the purposes hereof as he so declares;                    |
|   |                                                                                                                                                                                                                                                                                                                       |
|   | (the “Purchaser”)                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                       |
| AND:   | OMAR SOLIS, residing at 216 S. Jefferson, Suite 304, Chicago, Illinois, USA, 60661;                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                       |
|   | (the “Guarantor”)                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                       |
|   | (the Seller, the Guarantor and the Purchaser are referred individually as to as “Party” and collectively as “Parties”.)                                                                                                                                                                            |

----

|   |                                                                                                                                                                                                                                                                                                                      |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | “The Purchaser shall pay all Interest accrued as part of the Monthly Payments as set forth in the attached Schedule 4.5 with any such Monthly Payment paid being applied first to accrued and unpaid Interest, and the balance thereof, if any, will be applied to the unpaid balance of the Purchase Price.” |

----

----

|   |            |               |
|--------|-----------------|--------------------|
|   | COPERNIC INC.   |
|   |            |               |
|   | Per:            |               |
|   |            | JEAN-ROCK FOURNIER |
|   |            |               |
|   | EMPRESARIO INC. |
|   |            |               |
|   | Per:            |               |
|   |            | Omar Solis         |

|   |                                                               |   |
|--------|--------------------------------------------------------------------|--------|
|   |             |
|   | OMAR SOLIS                                                         |

----

| Copernic                   | SCHEDULE 4.5 |
|----------------------------|--------------|
| Search Unit Offer          |         |
| Interest and Capital Table |         |

| Interest Rate |   |   |  13.60 | %      |           |               |                    |     |   |      |         |    |   |   |
|---------------|--------|--------|-------------|--------|----------------|--------------------|-------------------------|----------|--------|-----------|--------------|---------|--------|--------|
|          |   |   |        |   |           |               |                    |     |   |      |         |    |   |   |   |   |   |   |   |   |
| Openingdate   |   | Period |        |   | OpeningBalance |               |                    | Interest |   |      |         | Capital |   |   | Payment |   |   | ClosingBalance |   | Closingdate |
| 30-juin-09    |   |   | 0.5         |   |           |  4 447 230.23 |                    |     |   | 25 129.97 | -            |    |   |   | 25 129.97 |   |   |   |   |   |   | 4 472 360.20 |   | 15-juil-09 |
| 15-juil-09    |   |   | 1           |   |           |               | 4 472 360.20       |     |   |      | 25 271.97    | -       |   |   |   | 25 271.97 |   |   |   |   |   |   | 4 497 632.17 |   | 31-juil-09 |
| 31-juil-09    |   |   | 1.5         |   |           |               | 4 497 632.17       |     |   |      | 25 414.78    | -       |   |   |   | 25 414.78 |   |   |   |   |   |   | 4 523 046.95 |   | 15-aout-09 |
| 15-aout-09    |   |   | 2           |   |           |               | 4 523 046.95       |     |   |      | 25 558.39    | -       |   |   |   | 25 558.39 |   |   |   |   |   |   | 4 548 605.33 |   | 31-aout-09 |
| 31-aout-09    |   |   | 2.5         |   |           |               | 4 548 605.33       |     |   |      | 25 702.81    |    |   |   |   | 74 297.19 |   |   |   | 100000.00 |   |   |   | 4 474 308.14 |   | 15-sept-09 |
| 15-sept-09    |   |   | 3           |   |           |               | 4 474 308.14       |     |   |      | 25 282.98    | -       |   |   |   | 25 282.98 |   |   |   |   |   |   |   | 4 499 591.12 |   | 30-sept-09 |
| 30-sept-09    |   |   | 3.5         |   |           |               | 4 499 591.12       |     |   |      | 25 425.85    |    |   |   |   | 74 574.15 |   |   |   | 100000.00 |   |   |   | 4 425 016.97 |   | 15-oct-09 |
| 15-oct-09     |   |   | 4           |   |           |               | 4 425 016.97       |     |   |      | 25 004.45    | -       |   |   |   | 25 004.45 |   |   |   |   |   |   |   | 4 450 021.42 |   | 31-oct-09 |
| 31-oct-09     |   |   | 4.5         |   |           |               | 4 450 021.42       |     |   |      | 25 145.74    |    |   |   |   | 151 354.60 |   |   |   | 176500.34 |   |   |   | 4 298 666.82 |   | 15-nov-09 |
| 15-nov-09     |   |   | 5           |   |           |               | 4 298 666.82       |     |   |      | 24 290.48    | -       |   |   |   | 24 290.48 |   |   |   |   |   |   |   | 4 322 957.31 |   | 30-nov-09 |
| 30-nov-09     |   |   | 5.5         |   |           |               | 4 322 957.31       |     |   |      | 24 427.74    |    |   |   |   | 150 640.63 |   |   |   | 175068.37 |   |   |   | 4 172 316.67 |   | 15-dec-09 |
| 15-dec-09     |   |   | 6           |   |           |               | 4 172 316.67       |     |   |      | 23 576.52    | -       |   |   |   | 23 576.52 |   |   |   |   |   |   |   | 4 195 893.19 |   | 31-dec-09 |
| 31-dec-09     |   |   | 6.5         |   |           |               | 4 195 893.19       |     |   |      | 23 709.74    |    |   |   |   | 149 926.66 |   |   |   | 173636.40 |   |   |   | 4 045 966.53 |   | 15-janv-10 |
| 15-janv-10    |   |   | 7           |   |           |               | 4 045 966.53       |     |   |      | 22 862.55    | -       |   |   |   | 22 862.55 |   |   |   |   |   |   |   | 4 068 829.07 |   | 31-janv-10 |
| 31-janv-10    |   |   | 7.5         |   |           |               | 4 068 829.07       |     |   |      | 22 991.74    |    |   |   |   | 149 212.70 |   |   |   | 172204.44 |   |   |   | 3 919 616.38 |   | 15-fevr-10 |
| 15-fevr-10    |   |   | 8           |   |           |               | 3 919 616.38       |     |   |      | 22 148.58    | -       |   |   |   | 22 148.58 |   |   |   |   |   |   |   | 3 941 764.96 |   | 28-fevr-10 |
| 28-fevr-10    |   |   | 8.5         |   |           |               | 3 941 764.96       |     |   |      | 22 273.74    |    |   |   |   | 148 498.73 |   |   |   | 170772.47 |   |   |   | 3 793 266.23 |   | 15-mars-10 |
| 15-mars-10    |   |   | 9           |   |           |               | 3 793 266.23       |     |   |      | 21 434.61    | -       |   |   |   | 21 434.61 |   |   |   |   |   |   |   | 3 814 700.84 |   | 31-mars-10 |
| 31-mars-10    |   |   | 9.5         |   |           |               | 3 814 700.84       |     |   |      | 21 555.74    |    |   |   |   | 147 784.76 |   |   |   | 169340.50 |   |   |   | 3 666 916.08 |   | 15-avr-10 |
| 15-avr-10     |   |   | 10          |   |           |               | 3 666 916.08       |     |   |      | 20 720.65    | -       |   |   |   | 20 720.65 |   |   |   |   |   |   |   | 3 687 636.73 |   | 30-avr-10 |
| 30-avr-10     |   |   | 10.5        |   |           |               | 3 687 636.73       |     |   |      | 20 837.73    |    |   |   |   | 147 070.80 |   |   |   | 167908.53 |   |   |   | 3 540 565.93 |   | 15-mai-10 |
| 15-mai-10     |   |   | 11          |   |           |               | 3 540 565.93       |     |   |      | 20 006.68    | -       |   |   |   | 20 006.68 |   |   |   |   |   |   |   | 3 560 572.61 |   | 31-mai-10 |
| 31-mai-10     |   |   | 11.5        |   |           |               | 3 560 572.61       |     |   |      | 20 119.73    |    |   |   |   | 146 356.83 |   |   |   | 166476.56 |   |   |   | 3 414 215.79 |   | 15-juin-10 |
| 15-juin-10    |   |   | 12          |   |           |               | 3 414 215.79       |     |   |      | 19 292.71    | -       |   |   |   | 19 292.71 |   |   |   |   |   |   |   | 3 433 508.50 |   | 30-juin-10 |
| 30-juin-10    |   |   | 12.5        |   |           |               | 3 433 508.50       |     |   |      | 19 401.73    |    |   |   |   | 145 642.86 |   |   |   | 165044.59 |   |   |   | 3 287 865.64 |   | 15-juil-10 |
| 15-juil-10    |   |   | 13          |   |           |               | 3 287 865.64       |     |   |      | 18 578.75    | -       |   |   |   | 18 578.75 |   |   |   |   |   |   |   | 3 306 444.38 |   | 31-juil-10 |
| 31-juil-10    |   |   | 13.5        |   |           |               | 3 306 444.38       |     |   |      | 18 683.73    |    |   |   |   | 144 928.90 |   |   |   | 163612.63 |   |   |   | 3 161 515.49 |   | 15-aout-10 |
| 15-aout-10    |   |   | 14          |   |           |               | 3 161 515.49       |     |   |      | 17 864.78    | -       |   |   |   | 17 864.78 |   |   |   |   |   |   |   | 3 179 380.27 |   | 31-aout-10 |
| 31-aout-10    |   |   | 14.5        |   |           |               | 3 179 380.27       |     |   |      | 17 965.73    |    |   |   |   | 144 214.93 |   |   |   | 162180.66 |   |   |   | 3 035 165.34 |   | 15-sept-10 |
| 15-sept-10    |   |   | 15          |   |           |               | 3 035 165.34  |     |   |      | 17 150.81    | -       |   |   |   | 17 150.81 |   |   |   |   |   |   |   | 3 052 316.15 |   | 30-sept-10 |
| 30-sept-10    |   |   | 15.5        |   |           |               | 3 052 316.15       |     |   |      | 17 247.73    |    |   |   |   | 143 500.96 |   |   |   | 160748.69 |   |   |   | 2 908 815.19 |   | 15-oct-10 |
| 15-oct-10     |   |   | 16          |   |           |               | 2 908 815.19       |     |   |      | 16 436.85    | -       |   |   |   | 16 436.85 |   |   |   |   |   |   |   | 2 925 252.04 |   | 31-oct-10 |
| 31-oct-10     |   |   | 16.5        |   |           |               | 2 925 252.04       |     |   |      | 16 529.73    |    |   |   |   | 142 786.99 |   |   |   | 159316.72 |   |   |   | 2 782 465.04 |   | 15-nov-10 |
| 15-nov-10     |   |   | 17          |   |           |               | 2 782 465.04       |     |   |      | 15 722.88    | -       |   |   |   | 15 722.88 |   |   |   |   |   |   |   | 2 798 187.92 |   | 30-nov-10 |
| 30-nov-10     |   |   | 17.5        |   |           |               | 2 798 187.92       |     |   |      | 15 811.72    |    |   |   |   | 142 073.03 |   |   |   | 157884.75 |   |   |   | 2 656 114.90 |   | 15-dec-10 |
| 15-dec-10     |   |   | 18          |   |           |               | 2 656 114.90       |     |   |      | 15 008.91    | -       |   |   |   | 15 008.91 |   |   |   |   |   |   |   | 2 671 123.81 |   | 31-dec-10 |
| 31-dec-10     |   |   | 18.5        |   |           |               | 2 671 123.81       |     |   |      | 15 093.72    |    |   |   |   | 141 359.06 |   |   |   | 156452.78 |   |   |   | 2 529 764.75 |   | 15-janv-11 |
| 15-janv-11    |   |   | 19          |   |           |               | 2 529 764.75       |     |   |      | 14 294.95    | -       |   |   |   | 14 294.95 |   |   |   |   |   |   |   | 2 544 059.69 |   | 31-janv-11 |
| 31-janv-11    |   |   | 19.5        |   |           |               | 2 544 059.69       |     |   |      | 14 375.72    |    |   |   |   | 140 645.09 |   |   |   | 155020.82 |   |   |   | 2 403 414.60 |   | 15-fevr-11 |
| 15-fevr-11    |   |   | 20          |   |           |               | 2 403 414.60       |     |   |      | 13 580.98    | -       |   |   |   | 13 580.98 |   |   |   |   |   |   |   | 2 416 995.58 |   | 28-fevr-11 |
| 28-fevr-11    |   |   | 20.5        |   |           |               | 2 416 995.58       |     |   |      | 13 657.72    |    |   |   |   | 139 931.13 |   |   |   | 153588.85 |   |   |   | 2 277 064.45 |   | 15-mars-11 |
| 15-mars-11    |   |   | 21          |   |           |               | 2 277 064.45       |     |   |      | 12 867.01    | -       |   |   |   | 12 867.01 |   |   |   |   |   |   |   | 2 289 931.46 |   | 31-mars-11 |
| 31-mars-11    |   |   | 21.5        |   |           |               | 2 289 931.46       |     |   |      | 12 939.72    |    |   |   |   | 139 217.16 |   |   |   | 152156.88 |   |   |   | 2 150 714.30 |   | 15-avr-11 |
| 15-avr-11     |   |   | 22          |   |           |               | 2 150 714.30       |     |   |      | 12 153.04    | -       |   |   |   | 12 153.04 |   |   |   |   |   |   |   | 2 162 867.35 |   | 30-avr-11 |
| 30-avr-11     |   |   | 22.5        |   |           |               | 2 162 867.35       |     |   |      | 12 221.72    |    |   |   |   | 138 503.19 |   |   |   | 150724.91 |   |   |   | 2 024 364.16 |   | 15-mai-11 |
| 15-mai-11     |   |   | 23          |   |           |               | 2 024 364.16       |     |   |      | 11 439.08    | -       |   |   |   | 11 439.08 |   |   |   |   |   |   |   | 2 035 803.23 |   | 31-mai-11 |
| 31-mai-11     |   |   | 23.5        |   |           |               | 2 035 803.23       |     |   |      | 11 503.72    |    |   |   |   | 137 789.23 |   |   |   | 149292.94 |   |   |   | 1 898 014.01 |   | 15-juin-11 |
| 15-juin-11    |   |   | 24          |   |           |               | 1 898 014.01       |     |   |      | 10 725.11    | -       |   |   |   | 10 725.11 |   |   |   |   |   |   |   | 1 908 739.12 |   | 30-juin-11 |
| 30-juin-11    |   |   | 24.5        |   |           |               | 1 908 739.12       |     |   |      | 10 785.71    |    |   |   |   | 137 075.26 |   |   |   | 147860.97 |   |   |   | 1 771 663.86 |   | 15-juil-11 |
| 15-juil-11    |   |   | 25          |   |           |               | 1 771 663.86       |     |   |      | 10 011.14    | -       |   |   |   | 10 011.14 |   |   |   |   |   |   |   | 1 781 675.00 |   | 31-juil-11 |
| 31-juil-11    |   |   | 25.5        |   |           |               | 1 781 675.00       |     |   |      | 10 067.71    |    |   |   |   | 136 361.29 |   |   |   | 146429.01 |   |   |   | 1 645 313.71 |   | 15-aout-11 |
| 15-aout-11    |   |   | 26          |   |           |               | 1 645 313.71       |     |   |      | 9 297.18     | -       |   |   |   | 9 297.18 |   |   |   |   |   |   |   | 1 654 610.89 |   | 31-aout-11 |
| 31-aout-11    |   |   | 26.5        |   |           |               | 1 654 610.89       |     |   |      | 9 349.71     |    |   |   |   | 135 647.32 |   |   |   | 144997.04 |   |   |   | 1 518 963.56 |   | 15-sept-11 |
| 15-sept-11    |   |   | 27          |   |           |               | 1 518 963.56       |     |   |      | 8 583.21     | -       |   |   |   | 8 583.21 |   |   |   |   |   |   |   | 1 527 546.77 |   | 30-sept-11 |
| 30-sept-11    |   |   | 27.5        |   |           |               | 1 527 546.77       |     |   |      | 8 631.71     |    |   |   |   | 134 933.36 |   |   |   | 143565.07 |   |   |   | 1 392 613.41 |   | 15-oct-11 |
| 15-oct-11     |   |   | 28          |   |           |               | 1 392 613.41       |     |   |      | 7 869.24     | -       |   |   |   | 7 869.24 |   |   |   |   |   |   |   | 1 400 482.66 |   | 31-oct-11 |
| 31-oct-11     |   |   | 28.5        |   |           |               | 1 400 482.66       |     |   |      | 7 913.71     |    |   |   |   | 134 219.39 |   |   |   | 142133.10 |   |   |   | 1 266 263.27 |   | 15-nov-11 |
| 15-nov-11     |   |   | 29          |   |           |               | 1 266 263.27       |     |   |      | 7 155.28     | -       |   |   |   | 7 155.28 |   |   |   |   |   |   |   | 1 273 418.54 |   | 30-nov-11 |
| 30-nov-11     |   |   | 29.5        |   |           |               | 1 273 418.54       |     |   |      | 7 195.71     |    |   |   |   | 133 505.42 |   |   |   | 140701.13 |   |   |   | 1 139 913.12 |   | 15-dec-11 |
| 15-dec-11     |   |   | 30          |   |           |               | 1 139 913.12       |     |   |      | 6 441.31     | -       |   |   |   | 6 441.31 |   |   |   |   |   |   |   | 1 146 354.43 |   | 31-dec-11 |
| 31-dec-11     |   |   | 30.5        |   |           |               | 1 146 354.43       |     |   |      | 6 477.71     |    |   |   |   | 132 791.46 |   |   |   | 139269.16 |   |   |   | 1 013 562.97 |   | 15-janv-12 |
| 15-janv-12    |   |   | 31          |   |           |               | 1 013 562.97       |     |   |      | 5 727.34     | -       |   |   |   | 5 727.34 |   |   |   |   |   |   |   | 1 019 290.31 |   | 31-janv-12 |
| 31-janv-12    |   |   | 31.5        |   |           |               | 1 019 290.31       |     |   |      | 5 759.71     |    |   |   |   | 132 077.49 |   |   |   | 137837.20 |   |   |   | 887 212.82 |   | 15-fevr-12 |
| 15-fevr-12    |   |   | 32          |   |           |               | 8 872 12.82   |     |   |      | 5 013.37     | -       |   |   |   | 5 013.37 |   |   |   |   |   |   |   | 892 226.20 |   | 29-fevr-12 |
| 29-fevr-12    |   |   | 32.5        |   |           |               | 8 922 26.20        |     |   |      | 5 041.70     |    |   |   |   | 131 363.52 |   |   |   | 136405.23 |   |   |   | 760 862.67 |   | 15-mars-12 |
| 15-mars-12    |   |   | 33          |   |           |               | 7 608 62.67        |     |   |      | 4 299.41     | -       |   |   |   | 4 299.41 |   |   |   |   |   |   |   | 765 162.08 |   | 31-mars-12 |
| 31-mars-12    |   |   | 33.5        |   |           |               | 7 651 62.08        |     |   |      | 4 323.70     |    |   |   |   | 130 649.56 |   |   |   | 134973.26 |   |   |   | 634 512.53 |   | 15-avr-12 |
| 15-avr-12     |   |   | 34          |   |           |               | 6 345 12.53        |     |   |      | 3 585.44     | -       |   |   |   | 3 585.44 |   |   |   |   |   |   |   | 638 097.97 |   | 30-avr-12 |
| 30-avr-12     |   |   | 34.5        |   |           |               | 6 380 97.97        |     |   |      | 3 605.70     |    |   |   |   | 129 935.59 |   |   |   | 133541.29 |   |   |   | 508 162.38 |   | 15-mai-12 |
| 15-mai-12     |   |   | 35          |   |           |               | 5 081 62.38        |     |   |      | 2 871.47     | -       |   |   |   | 2 871.47 |   |   |   |   |   |   |   | 511 033.85 |   | 31-mai-12 |
| 31-mai-12     |   |   | 35.5        |   |           |               | 5 110 33.85        |     |   |      | 2 887.70     |    |   |   |   | 129 221.62 |   |   |   | 132109.32 |   |   |   | 381 812.23 |   | 15-juin-12 |
| 15-juin-12    |   |   | 36          |   |           |               | 3 818 12.23        |     |   |      | 2 157.51     | -       |   |   |   | 2 157.51 |   |   |   |   |   |   |   | 383 969.74 |   | 30-juin-12 |
| 30-juin-12    |   |   | 36.5        |   |           |               | 3 839 69.74        |     |   |      | 2 169.70     |    |   |   |   | 128 507.66 |   |   |   | 130677.35 |   |   |   | 255 462.08 |   | 15-juil-12 |
| 15-juil-12    |   |   | 37          |   |           |               | 2 554 62.08        |     |   |      | 1 443.54     | -       |   |   |   | 1 443.54 |   |   |   |   |   |   |   | 256 905.62 |   | 31-juil-12 |
| 31-juil-12    |   |   | 37.5        |   |           |               | 2 569 05.62        |     |   |      | 1 451.70     |    |   |   |   | 256 905.62 |   |   |   | 258357.32 |   |   |   | - |   | 15-aout-12 |
|          |   |   |        |   |           |               |                    |     |   |      |         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total         |   |   |        |   |           |               |                    |     |   |      | 1 079 559.04 |    |   |   |   | 4 447 230.23 |   |   |   | 5 526 789.27 |   |   |   |   |   |   |

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