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**Exhibit      10.18**

**DATED      10 January 2006**

**VIEWSONIC      NETHERLANDS **

**and**

**JAN      JENSEN**

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**DIRECTOR’S      SERVICE AGREEMENT**

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**asb      **
***law***

**Innovis      House**

**108      High Street**

**Crawley**

**West      Sussex**

**RH10      1AS**

**Tel:      01293 603627**

**Fax:      01293 603669**

**Ref:      AMDK/346968/2**

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**DIRECTOR’S      SERVICE AGREEMENT**

**DATED**

**PARTIES**

| (A) | **VIEWSONIC                NETHERLANDS**that                being**VIEWSONIC EUROPE LIMITED**a                company registered in England & Wales under Company registration                number 3131161 operating out of Teleport Palace, Kings Fordweg 151,                Amsterdam, Netherlands (“the Company”);                and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | **JAN                JENSEN**                (“the Director”) |
|-----|---------------------------------------------------------------------------|

**OPERATIVE      PART**

| **1** | **DEFINITIONS** |
|-------|-----------------|

| 1.1 | In                this Agreement the following words shall, unless the context otherwise                requires, have the meanings set out                below: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Agreement | this                Agreement as may be amended, modified or supplemented from time to                time in                accordance with these provisions; |
|--------|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Applicable                Exchange Rate | is                in respect of the period prior to 1 January 2005, the Exchange Rate                on the                Commencement Date, and thereafter such other greater or lesser sum                as may                be published in the ViewSonic Europe Internal Exchange Rate Document                on                the later of 1 January or 1 July immediately preceding the date of                payment                of sums due to the Director or benefits to which the Director is                entitled                in any calendar month; |
|--------|-----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Board | the                Board of Directors from time to time of the                Company; |
|--------|-------|----------------------------------------------------------------------------------------|

|   | Business | the                business of the Company from time to time which shall include without                limitation the development and exploitation of intellectual property                rights owned by the Company; |
|--------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Commencement                Date | 18                October 2004; |
|--------|----------------------------------|---------------------------------|

|   | Revision                Date to Director’s | 1                January 2006 |
|--------|--------------------------------------------------|-------------------------------|

|   | Confidential                  Information | includes                  but is not limited to:- |
|--------|-------------------------------------------|---------------------------------------------------|

|   | (i) | all                un-patented designs, drawings, data specifications, manufacturing                processes, testing procedures and all other technical business and                similar                information relating to the Business including all readable or computer                or                other machine readable data, logic, logic diagrams, flow charts,                coding                sheets, coding, source or object codes, listings, test data, test                routines, diagnostic programs or other material relating to or comprising                software which is part of the                Business; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | all                strategic information being all and any forward plans whether in                intangible or tangible form developed by the Company relating to                the                development of the Business and information relating to the implementation                of any such strategies developed; |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | pricing                information which shall include all and any rates used by the Company,                prices charged to and terms of business with clients, suppliers or                customers of the Company; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | statistical                information and methods which shall include information relating                to                research activities, designs, formulae and all and any statistical                methods                used by the Company; |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (v) | management                information which shall include financial information, results and                forecasts (save to the extent that these are included in published                and                audited accounts), any proposals relating to the acquisition or disposal                of a firm or business or any part thereof or to any proposed expansion                or                contraction of activities, details of employees and officers and                of the                remuneration and other benefits paid as far as this information relates                to                the Company; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vi) | corporate                information which shall include all and any information whether in                intangible or tangible form relating to the business methods, corporate                plans, management systems, finances, maturing new business opportunities                or research and development projects of the Company or any Group                Company;                and |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vii) | any                confidential information which the Director is told is confidential                and                any information which has been given to the Company in confidence                by                businesses, investors, suppliers and other                persons. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Copyright                works | any                item of Confidential Information in which copyright or design right                subsists; |
|--------|--------------------------------|-----------------------------------------------------------------------------------------------------------------|

|   | Customer | any                person, firm, Company or other organisation who or which during the                Relevant Period is or was negotiating with the Company for the provision                of Relevant Services or to whom or which the Company shall at any                time                during the Relevant Period have provided any Relevant                Services; |
|--------|----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Documents | all                records, reports, documents, papers, computer generated data and                other                materials whatsoever originated by or upon behalf of the Director                pursuant                to this Agreement, including all and any data stored in any computer                system or database; |
|--------|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Employee | any                person employed by the Company who either acts in a managerial or                technical capacity, is a sales representative or is in a skilled                or                supervisory position and with whom the Director had significant contact                during the Relevant Period; |
|--------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Exchange                Rate | the                rate of pounds sterling to euros published in the ViewSonic Europe                Internal Exchange Rate Document; |
|--------|------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | Group | the                Company, its subsidiaries and any holding or parent company or subsidiary                of such holding or parent company from time to time, and ‘Group Company’                shall be construed accordingly; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Incapacity | any                illness or other like cause which prevents the Director from attending                to                his duties; |
|--------|------------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | Invention | any                invention or discovery conceived or originated or made by the Director                during the course of his                employment; |
|--------|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Patent                Rights | any                patents and applications thereof relating to Inventions including                (without                prejudice to the generality of the foregoing) author certificates,                inventor certificates, improvement patents, utility certificates                and                models and certificates of addition and including any divisions,                renewals,                continuation, extensions or reissues                thereof; |
|--------|------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Relevant                Period | the                period of twelve months up to and including the date of termination                of the                Director’s employment; |
|--------|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Relevant                Services | good,                products, and/or services similar to and/or competitive with those                supplied and/or marketed during the Relevant Period by the Company                to                Customers with which the Director was personally concerned and/or                for                which the Director was responsible to a material extent at any time                during                the Relevant Period; |
|--------|----------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Relevant                Supplier | any                supplier of the Company with which during the Relevant Period the                Director                or an Employee have dealt to a material extent in respect of Relevant                Services; |
|--------|----------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Termination                Date | the                date of termination of the                employment; |
|--------|---------------------------------|--------------------------------------------------------------------------|

|   | ViewSonic                  Europe Internal |   |
|--------|--------------------------------------------|--------|

|   | Exchange                Rate Document | the                document published from time to time by ViewSonic Corporation Inc                setting                out the currency exchange rates applicable to transactions and payments                between Group Companies. |
|--------|---------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | All                references in this Agreement to statutory provisions shall extend                to those                provisions as re-enacted or modified and to regulations thereunder                and any                statutory replacement from time to time in                force. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | Words                and phrases defined in the Companies Acts 1985 and 1989 shall have                the                same meaning herein as therein but excluding any statutory modification                thereof not in force on the date of this                Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.4 | References                to clauses, schedules and recitals are reference to clauses, sub-clauses,                schedules and recitals of this Agreement unless otherwise specified.                References to the singular shall include the plural and vice versa,                and                references to the masculine gender shall include the feminine and                neuter                genders and vice versa. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.5 | Headings                are for convenience only and shall not affect the interpretation                or                construction of this Agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.6 | References                to the Company shall, unless the context otherwise requires be deemed                to                include any Group Company. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.7 | The                Director shall obtain a Form E101 (otherwise known as a certificate                of                coverage as laid down in EU Regulation 1408/71 article 14.2b). The                Company                shall provide all reasonable assistance to the Director to enable                him to                obtain such a Form E101. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **2** | **APPOINTMENT** |
|-------|-----------------|

| 2.1 | The                employment of the Director commences* *on                the Commencement Date and shall continue unless and until terminated                by                either party giving to the other not less than six months notice                in                writing or until terminated in accordance with the termination provisions                of this Agreement provided below. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | No                previous period of employment will count as part of the Director’s period                of continuous employment with the                Company. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.3 | The                Company shall be entitled in its discretion after notice shall have                been                given under the terms of this Agreement to require the Director to                remain                away from the offices of the Company or any Group Company during                all or                any part or parts of the unexpired period of the notice in which                event the                Director shall comply with any conditions laid down by the Company                during                such period. During any such period the Director’s employment will                continue as will all terms expressly provided for under this Agreement                together with any implied obligations including but not limited to                good                faith and confidentiality. The parties agree that the period of notice                is                a reasonable period of garden leave. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **3** | **TITLE                AND PLACE OF WORK** |
|-------|--------------------------------------------|

| 3.1 | The                Director will be employed by the Company as President and Managing                Director ViewSonic Europe and the Director will be a member of the                Board. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | The                Director will be based at the Company’s offices in Netherlands, although                his place or residence will be in Denmark. The Company reserves the                right                to appoint the Director to other positions as may reasonably be required,                whether within the Company or any Group Company and to base the Director                permanently or temporarily at other locations in the Netherlands                or                abroad. The Company will use its reasonable endeavours to provide                the                Director with reasonable notice of any relocation temporary or                otherwise. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | The                Director may be required to work at any of the Company’s offices or Group                Company’s. The Director will also be expected to travel throughout Europe                and overseas in the performance of his duties for such periods as                the                Company may reasonably require. The Director will be expected to                work for                at least one day in every week from his home in                Denmark. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **4** | **DUTIES** |
|-------|------------|

| 4.1 | The                Director shall during his employment under this                Agreement: |
|-----|----------------------------------------------------------------------------------------------|

|   | 4.1.1 | perform                the duties and exercise the powers which the Board may from time                to time                properly assign to him in his capacity as Managing Director* *in                connection with the business of the Company, including undertaking                duties                on the Board of the Company and the Group as required from time to                time by                the Board; and |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.1.2 | do                all in his power to promote develop and extend the business of the                Company                and the Group and at all times and in all respects conform to and                comply                with the proper and reasonable directions and regulations of the                Board. |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.1.3 | in                the absence of any specific directions from the Board (but subject                always                to the memorandum and articles of association of the Company) have                the                general control and responsibility for the management of the business                of                the Company; and |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.1.4 | devote                the whole of his time, attention and ability to the duties of his                employment with the Company; and |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.1.5 | at                all times keep the Company promptly and fully informed (in writing                if so                requested) of his conduct of the business or affairs of the Company                and                provide such explanations as the Company may require;                and |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.1.6 | work                and faithfully serve the Company to the best of the Director’s ability and                use his best endeavours to promote the interests of the Company;                and |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.1.7 | not                to make any untrue or disparaging statements relating to the Group; |
|--------|-------|----------------------------------------------------------------------------------------|

| 4.2 | The                Director’s normal duties are set out in the attached Job Description. |
|-----|------------------------------------------------------------------------------------------------|

| 4.3 | The                Director will (without further remuneration) if and for so long as                the                Company requires and for so long as the Director remains employed                by the                Company: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.3.1 | carry                out duties on behalf of any Group                Company |
|--------|-------|-------------------------------------------------------------------------------|

|   | 4.3.2 | act                as an officer of any Group Company or hold any other employment or                office                as nominee or representative of the                Company; |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 4.3.3 | carry                out such duties and the duties attendant on any such employment as                if they                were duties to be performed by him on behalf of the                Company. |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4 | For                the avoidance of doubt, unless specifically authorised in writing,                the                Director shall not be entitled to and is specifically prohibited                from                entering into on behalf of the Company any binding contracts or                arrangements involving or relating to the Company when in                Denmark. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **5** | **TIME                AND ATTENTION** |
|-------|---------------------------------------|

| 5.1 | During                the                continuance of his employment under this Agreement the Director shall                unless prevented by Incapacity devote his whole time and attention                to the                business of the Company and shall not without the prior written consent                of                the Board: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1.1 | engage                in any other business; or |
|--------|-------|-------------------------------------------------|

|   | 5.1.2 | be                concerned or interested in any other business of a similar nature                to or                competitive with that carried on by the Company or any of its Group                Companies or which is a supplier or customer of the Company or of                its                Group Companies |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **6** | **INTELLECTUAL                PROPERTY RIGHTS** |
|-------|-------------------------------------------------|

| 6.1 | Forthwith                following the conception, origination or making of an Invention by                the                Director during the course of his employment, the Director shall                disclose                full details of such Invention to the Company. Further, forthwith                following the origination or development of any Confidential Information                during the course of his employment, the Director shall disclose                and make                available such Confidential Information to the                Company. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | The                Company shall, in its sole discretion, be entitled to apply for Patent                Rights in respect of any Invention conceived, originated or made                by the                Director and shall be responsible for the maintenance and renewal                of the                Patent Rights. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 6.3 | The                Director agrees to assign to the Company all rights, title and interest                in                and to any Inventions or Confidential Information made, originated                or                developed during the course of their employment together with any                other                intellectual property rights arising out of the course of his employment                and further agrees to assist the Company in connection with any                application for Patent Rights and to do all such acts and things                as the                Company’s legal advisers may advise are necessary or desirable in                connection with any such assignment or assistance. The Director                irrevocably appoints the Company to be his attorney or agent in his                name                and on his behalf to do all such acts and things and to sign all                such                deeds and documents as may be necessary in order to give the Company                the                full benefit of the provisions of this Agreement and, in particular                but                without limitation of this clause, the Director agrees that, with                respect                to any third party, a certificate signed by any duly authorised officer                of                the Company that any act or thing or deed or document falls within                the                authority hereby conferred shall be conclusive evidence that this                is the                case. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.4 | The                Director assigns to the Company by way of future assignment of copyright                the copyright subsisting in the Copyright Works and in the documents                originated by the Director for all the classes of act which by virtue                of                the Copyright Designs and Patents Act 1988 the owner of the copyright                has                the exclusive right to do throughout the world and for the whole                period                for which copyright is to subsist. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.5 | The                Director warrants that any Inventions, Confidential Information,                Copyright                Works or Documents conceived, originated, made or developed by the                Director will not infringe any intellectual property rights of which                a                third party is the proprietor including, in particular but without                limitation, any patents, copyrights, registered designs or rights                of                confidence. The Director agrees to indemnify the Company against                any and                all liability, loss, damage, costs and expenses which the Company                or a                third party may incur or suffer whether direct or consequential (including                but without limitation any economic loss or other loss of profits,                business or goodwill) as a result of any dispute or contractual,                tortious                or other claims or proceedings brought against the Company by a third                party alleging infringement of its intellectual property rights by                reason                of the use or exploitation of any Invention, Confidential Information,                Copyright Works or Documents conceived, originated, made or developed                by                the Director or any of its personnel PROVIDED ALWAYS                that: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.5.1 | the                Company shall forthwith give written notice to the Director of any                claims                or proceedings following receipt of                them; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 6.5.2 | the                Company shall make no admission of liability and must give the Director                sole authority to defend or settle the claims or proceedings at the                Director’s cost and expense; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.5.3 | the                Company must give the Director all reasonable assistance in connection                with the claims or proceedings at the Director’s cost and                expense; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6.5.4 | in                addition to the aforesaid indemnity, where an injunction restraining                use                or exploitation by the Company of any Invention Patent Rights Confidential                Information Copyright Works or Documents is, in the opinion of the                Company’s legal advisers, likely to be granted by the Court to the third                party, the Director shall do all such acts and things either to render                them non-infringing without affecting any of the Director’s other duties                and obligations under this Agreement or shall obtain a licence from                the                third party granting the Company the right to continue using                them. |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **7** | **CONFIDENTIAL                INFORMATION / COMPANY                DOCUMENTS** |
|-------|--------------------------------------------------------------------------------|

| 7.1 | The                Director shall neither during the employment (except in the proper                performance of its duties) nor at any time after the termination                of his                employment:- |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7.1.1 | divulge                or communicate to any person, company, business entity or other                organisation; or |
|--------|-------|------------------------------------------------------------------------------------------------------------------------|

|   | 7.1.2 | use                for his own purpose or for any purposes other than those of the                Company; |
|--------|-------|------------------------------------------------------------------------------------------------------------|

|   | 7.1.3 | through                any failure to exercise due care and diligence cause any unauthorised                disclosure of |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------|

| 7.2 | All                notes, memoranda, records, lists of customers and suppliers and employees,                correspondence, documents, computer and other discs and tapes, data                listings, codes, designs and drawings and other documents and material                whatsoever (whether made or created by the Director or otherwise)                relating                to the business of the Company (and any copies of the same)                - |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | 7.2.1 | shall                be and remain the property of the Company;                and |
|--|-------|------------------------------------------------------------------------------------|

|  | 7.2.2 | shall                be handed over by the Director to the Company on demand and in any                event                on the termination of the                employment. |
|--|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.3 | The                Director may not at any time during or after the termination of his                employment make, disclose or publish any untrue, disparaging or misleading                remarks about the Company, its customers, suppliers or employees                or any of                the Company’s associated companies or their customers, suppliers or                employees. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4 | All                enquiries from the press should be directed towards the ViewSonic                Corporation Marketing Department. The Director should assume that                anything                he says to the press could be published and therefore, he should                never                have dealings with the press ‘off the record’. Failure to observe this                rule may result in disciplinary action being taken by the                Company.  |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.5 | The                provisions in this clause will also apply as if references to any                associated company were substituted for references to the                Company. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **8** | **HOURS                OF WORK** |
|-------|----------------------------------|

| 8.1 | The                Director’s normal hours of work will be from 9 am to 5pm Monday to Friday                (including a half hour lunch break) or such other hours as are deemed                necessary to ensure the discharge of the Director’s duties under the terms                of this employment. The Director may be required to work over and                above                the number of hours specified in this clause without additional                remuneration so as to meet the needs of the                business. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **9** | **REMUNERATION                AND DISCRETIONARY BONUS** |
|-------|---------------------------------------------------------|

| 9.1 | The                Director shall be paid for his services to the Company with effect                from                the revision date to the Directors Service Agreement a basic salary                at a                rate of €7,210                gross per calendar month in arrears. This salary will be paid in                euros,                from which the Company will make statutory and voluntary deductions,                and                make payment of such net sum in euros by bank transfer on or about                the                25th                day of each calendar month (or such higher rate as may from time                to time                be agreed). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2 | For                such period as the Director may hold a Form E101 (as referred to                in clause                1.7), the Company shall pay to the Director sums saved by the Company                in                respect of employer’s United Kingdom National Insurance contributions.                This salary will be converted (if necessary) into sterling based                on the                Applicable Exchange Rate, from which the Company will make statutory                and                voluntary deductions, convert the net sum back into euros based on                the                Applicable Exchange Rate and make payment of such net sum in euros                by bank                transfer on or about the 25th                day of each calendar month. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 9.3 | The                Director shall also be paid an allowance with effect from the revision                date to the Directors Service Agreement at a rate of €583.33                gross per                calendar month in arrears in respect of personal travel and accommodation                expenses (which does not form part of pensionable pay). The Company                will                make statutory and voluntary deductions, and make payment of such                net sum                in euros by bank transfer on or about the 25th                day of each calendar month (or such higher rate as may from time                to time                be agreed). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.4 | Rates                of pay are reviewed in 1 April each year without any obligation to                increase the same. The basic salary shall be deemed to include any                fees                receivable by the Director in his position as a director of the                Company. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.5 | The                Director shall be entitled to receive an on-target commission of€42,000                per annum (in accordance with the commission accelerator schedule                in force                at the time subject to achieving performance targets), details of                which                will be supplied separately and which may be reviewed on a quarterly                basis. This commission will either be converted into sterling based                on the                Applicable Exchange Rate, from which the Company will make statutory                and                voluntary deductions, convert the net sum back into euros based on                the                Applicable Exchange Rate and make payment of such net sum in euros                by two                half-yearly instalments in January and July in arrears by bank transfer                on                or about the 25th                day of those months. The Director may alternatively be paid the commission                by a Group Company. Your entitlement to commission will cease on                the date                of termination and your accrued entitlement for the period up to                the date                of termination may be paid after the date of termination as provided                separately. No commission is payable in respect of any period after                the                date of termination. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.6 | No                payments are made for overtime. For the purposes of the Working Time                Regulations 1998 (as amended), the Director is considered a managing                executive who can determine the duration of his working time. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.7 | For                the avoidance of doubt, the Director will be liable to and personally                responsible for all UK, Danish or other taxes and national insurance                contributions (or equivalent) assessed as payable in respects of                all sums                received from the Company during this employment. The Director shall                also                be personally responsible for any professional fees incurred in this                regard. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 9.8 | Also                for the avoidance of doubt, 80% of remuneration received by the Director                from the Company during this employment shall relate to duties performed                in the United Kingdom. The remaining 20% of remuneration received                shall                relate to duties performed in Denmark in accordance with Clause                3.3. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **10** | **DEDUCTION                FROM WAGES** |
|--------|-----------------------------------------|

| 10.1 | The                Company reserves the right at any time during, or in any event upon                termination, to deduct from the Director’s salary and/or any commission                payment and/or any other monies due to the Director, an amount equivalent                to any of the following: |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1.1 | any                overpayment of salary, bonus, commission, remuneration or other payment                made to the Director during the course of this                employment; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1.2 | the                amount of any expenses claimed by the Director and paid but subsequently                disallowed by the Company; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1.3 | the                outstanding amount of any loan or advance made by the Company to                the                Director; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1.4 | any                cost of repairing any damage to or loss of property of, any fines                or                charges imposed upon or any other loss sustained by the Company or                any                third party, caused by the Director’s breach of contract or breach of the                Company’s rules or as a result of the Director’s negligence or                dishonesty. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **11** | **PENSION** |
|--------|-------------|

| 11.1 | The                Company will make a monthly contribution of 10% of the Director’s basic                monthly salary into a personal pension scheme of his choice, provided                that                such pension scheme is approved by the United Kingdom Inland Revenue                or                Denmark Inland Revenue. No contracting out certificate under the                Pension                Schemes Act 1993 is in force. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **12** | **EXPENSES** |
|--------|--------------|

| 12.1 | The                Company will reimburse the Director for all travelling, hotel,                entertainment and other expenses (in euros and in accordance with                the                Applicable Exchange Rate where applicable) reasonably incurred by                him in                the proper performance of his duties subject to the Director complying                with such guide-lines or regulations issued by the Company from time                to                time in this respect and to the production to the Company of such                vouchers                or other evidence of actual payment of the expenses as the Company                may                reasonably require. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 12.2 | The                Director will use any Company credit or chargecard only for the expenses                reimbursable under Clause 12.1 above, and will return it to the Company                forthwith upon request or on the termination of his                employment. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.3 | The                Company will pay (in euros and in accordance with the Applicable                Exchange                Rate where applicable) the costs of telephone and broadband rental                in                respect of the Director’s home telephone and internet access respectively,                together with the cost of all calls made in performing his duties                under                this Agreement, upon receipt of a copy of the relevant telephone                or other                bill. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.4 | Any                benefits provided by the Company to the Director or the Directors                family                which are not expressly referred to in this Agreement are ex gratia                and                are at the entire discretion of the Company and do not form part                of the                Director's terms of employment. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **13** | **DEBTS                TO THE COMPANY** |
|--------|-----------------------------------------|

| 13.1 | If                at any time money is owed and payable by the Director to the Company,                whether under this Agreement or otherwise, it is agreed that the                Company                may deduct the sum or sums from time to time owed to it from any                payment                due to the Director from the Company, howsoever arising. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **14** | **VEHICLES** |
|--------|--------------|

| 14.1 | The                Director shall receive a car allowance of €805 gross per calendar month in                arrears. This allowance will be converted into sterling based on                the                Applicable Exchange Rate, from which the Company will make statutory                and                voluntary deductions, convert the net sum back into euros based on                the                Applicable Exchange Rate and make payment of such net sum in euros                by bank                transfer on or about the 25th                day of each calendar month (or such higher car allowance as may from                time                to time be agreed). The Company reserves the right to replace the                car                allowance with a leased company                car. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.2 | In                the event that the car allowance is replaced with a leased company                car                (“the Vehicle”), the Company will provide the Director with the Vehicle                (within an annual leasing allowance of the sterling equivalent of€27,600                in accordance with the Applicable Exchange Rate) for use for private                and                business purposes in accordance with the Company’s car policy as it may                vary from time to time. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.3 | The                Vehicle will be of a type determined by the Company (BMW 525 saloon                manual                or equivalent Audi, Saab or Jaguar model) and may be changed at such                intervals as it may determine. The Company may in its discretion                withdraw                the use of the Vehicle from the Director at any time without giving                a                reason or paying compensation, in which case the Director will be                entitled                to receive the car allowance referred to in this                clause. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 14.4 | The                Company will be responsible for all running costs incurred in respect                of                the Vehicle, including petrol for private and business mileage in                respect                of which the Company may provide the Director with a fuel                card. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.5 | The                Director will maintain the Vehicle in good running order and in a                clean                and tidy condition. The Director shall ensure that the Vehicle is                checked                (including oil, water, battery and tyres) before each journey and                any                faults are recorded in the appropriate log and appropriate action                taken.                The Director shall ensure that the Vehicle is regularly serviced                bearing                in mind that at least seven days’ notice is required. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.6 | The                Director shall keep such records relating to the Vehicle’s use as are                necessary to satisfy any queries which may be raised by the Inland                Revenue                or other relevant taxation authorities. The Director will also be                wholly                responsible for the payment of any taxes assessed in respect of the                Director’s use of the Vehicle. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.7 | The                Director                will return, at his own expense and without the need for any prior                request                by the Company, the Vehicle and the keys to the head office of the                Company                immediately following termination of his employment or at any other                time                if so requested by the Company. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.8 | The                Director shall not cause anything to be done to the Vehicle, either                directly or indirectly, which might invalidate any warranty in force                or                damage the Vehicle itself. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.9 | The                Director shall be liable for any fine or penalty charge imposed on                him and                shall reimburse the Company in respect thereof should such sum be                paid by                the Company on the Director’s                behalf. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.10 | The                Director will immediately inform the Company                if:- |
|-------|-------------------------------------------------------------------------------------|

|   | 14.10.1 | he                is prosecuted or is to be prosecuted for any road traffic offence                in the                United Kingdom; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------|

|   | 14.10.2 | his                driving licence is endorsed; or |
|--------|---------|----------------------------------------------------|

|   | 14.10.3 | he                is disqualified from holding a driving licence in the United                Kingdom. |
|--------|---------|--------------------------------------------------------------------------------------------------------|

----

| 14.11 | The                Director will on request from the Company produce his driving licence(s)                for inspection.                If                the Director is required to use his own vehicle for Company business,                he                is required to ensure that it is fully insured at all times and that                such                insurance will cover any equipment or other company property carried                in                the vehicle. The Director may be required to produce proof of cover                on                request. |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.12 | The                Director must ensure that he uses mobile phones responsibly and in                accordance with legal requirements, irrespective of whether or not                the                Company has supplied him with the mobile phone or the mobile phone                is his                personal property**.**For                the avoidance of doubt, the Director shall not use a hand-held mobile                phone whilst driving. |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **15** | **HOLIDAYS** |
|--------|--------------|

| 15.1 | The                Director is entitled to 25 working days paid holiday in each holiday                year                in addition to any statutory public holidays granted in England and                Wales. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.2 | The                holiday will be taken at dates agreed in advance with the Board of                the                Company. Whilst every endeavour will be made to co-operate with fixing                the                dates of holiday, such dates will remain in the ultimate discretion                of the                Company. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.3 | Holidays                must be taken in the year of entitlement and may not be carried forward                to                the following year except with prior agreement of the Board of the                Company. The holiday year runs concurrently with the calendar year. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.4 | Upon                termination of this employment the Director will be entitled to pay                in                lieu of any unused holiday entitlement or be required to pay to the                Company pay received for holiday taken in excess of holiday entitlement.                Any sums so due may be deducted from any money owing to the Director.                Holiday pay will be paid at the net basic                rate. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.5 | The                Company reserves the right to require the Director to take any unused                holiday during the notice period, even if booked to be taken after                the end                of the notice period. For the purpose of calculating any holiday                pay due                to the Director or owed by the Director to the Company one day’s pay shall                be the basic annual pay divided by                260. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **16** | **COMPUTERS** |
|--------|---------------|

| 16.1 | The                Director will be authorised to gain access to certain computer systems,                programs and data. He must use all computer systems in a responsible                manner and with due regard to any risks relating to such use In particular                but without prejudice to the generality of the foregoing the Director                should have due regard to risks relating                to:- |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 16.1.1 | loading                any program into any computer; |
|--------|--------|-------------------------------------------------------|

|   | 16.1.2 | electronic                data transferor; |
|--------|--------|--------------------------------------------|

|   | 16.1.3 | loading                any disks or CD Roms; |
|--------|--------|----------------------------------------------|

|   | 16.1.4 | downloading                of any files from the internet; |
|--------|--------|------------------------------------------------------------|

|   | 16.1.5 | use                of the internet; |
|--------|--------|-------------------------------------|

|   | 16.1.6 | connection                of any new hardware to any of the Company’s                systems. |
|--------|--------|-----------------------------------------------------------------------------------------------------|

|   | 16.1.7 | using                any Company equipment to visit any inappropriate internet                site. |
|--------|--------|-----------------------------------------------------------------------------------------------------|

| 16.2 | The                Director will be responsible for any action taken against the Company                for                breaches of copyright or otherwise resulting from the inappropriate                use by                the Director of any computer equipment of the                Company. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.3 | Breach                of obligations under this Clause 16 in any way that has an adverse                effect                on the Company renders the Director liable to summary                dismissal. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.4 | The                Company reserves the right to monitor on a regular basis the Director’s                use of its computer and/or telecommunications systems, including                phone                calls, facsimile, e-mails and use of the Internet in order to ensure                compliance with the provisions of this                clause. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **17** | **ILLNESS,                MEDICAL MATTERS AND                INSURANCES** |
|--------|---------------------------------------------------------------------------|

| 17.1 | In                the event of the Director’s Incapacity due to sickness or                injury                or                for any other reason they are unable to attend work, the Director                should                contact another director of the Company as early as possible (and                in any                event within three hours of the time the Director should have started                work) on the first day of absence and each day thereafter, with an                estimate of how long the Director will be away from work. If the                Director                cannot notify the Company himself he should arrange for someone else                to do                it for him. At this time full reasons must be given of the nature                of any                sickness or injury. Failure to notify the Company without good reason                will                amount to unauthorised absence and may lead to disciplinary action. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.2 | If                the Director is absent for one days or more, immediately upon returning                to                work the Director shall complete a self-certification form, as evidence                of                their Incapacity, in respect of each day of                absence. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 17.3 | If                the Director is absent for seven days or more, the Director must                on the                eighth day of absence provide the Company with a medical certificate                from                a General Practitioner stating the reason for absence and provide                subsequent certificates to cover any subsequent periods of                absence. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.4 | In                the event that the notification requirements referred to in Clauses                17.1                to 17.3 are complied with, by the Director, he shall be entitled                to                receive his full net salary and benefits for the first three months                of                absence. The Director will not be entitled to any further payments                following the expiry of the first three months of continued absence.                The                Director will not be entitled to payments under this clause in excess                of                three months net salary and benefits in any 12 month                period. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.5 | Subject                to the rules of Statutory Sick Pay, all other pay for any period                when the                Director is unable to work through Incapacity will be at the discretion                of                the Company. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.6 | From                time to time the Company may reasonably require the Director to undergo                a                medical examination by a medical practitioner appointed by the Company.                The costs of any such medical examination will be borne by the Company.                The Director hereby consents to any report arising out of such examination                being given to the Company by that medical                practitioner. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.7 | In                the event that the Director shall unreasonably refuse to undergo                any such                medical examination, the Company may withhold all or any part of                the                salary and other entitlements of the                Director. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.8 | In                the event that a medical practitioner appointed by the Company requires                details of the Director’s medical history or access to any medical report                prepared for them then the Director will (subject always to the Director’s                rights under the Access to Medical Records Act 1988) not unreasonably                refuse their consent to a request that a medical practitioner appointed                by                the Company makes to any medical practitioner of the Directors for                such                details or access. For the purposes of the Access to Medical Records                Act                1988 the Director hereby authorise any medical practitioner appointed                by                the Company to make any such request to any medical practitioner                of the                Director’s for such details or                access. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.9 | The                Company will take out and maintain insurance cover on behalf of the                Director for life insurance with an insurance company and the details                and                type of cover will be at the discretion of the Company. These details                are                available from the Human Resources Department on                request. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 17.10 | If                the Director’s absence due to sickness or injury is occasioned by the                actionable negligence of a third party in respect of which damages                are                recoverable, then all sums paid by the Company shall constitute loans                to                the Director who shall:- |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 17.10.1 | forthwith                notify the Company of all relevant circumstances and of any claim,                compromise, settlement or judgment made or awarded in connection                therewith; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 17.10.2 | if                the Company so requires, refund to the Company such sum as the Company                may                determine not exceeding the lesser of:- |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 17.10.2.1 | the                amount of damages recovered by the Director under such compromise,                settlement or judgment; or |
|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------|

|   | 17.10.2.2 | the                sums advanced to the Director in respect of the period of                incapacity. |
|--------|-----------|---------------------------------------------------------------------------------------------------------|

| 17.11 | The                Company shall be entitled to retain sensitive personal data relating                to                the Director’s health for any or all of the purposes set out in this                clause. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **18** | **TERMINATION                OF DIRECTORSHIP** |
|--------|------------------------------------------------|

| 18.1 | The                employment of the Director under this Agreement shall terminate                automatically in the event of his ceasing to be a director of the                Company                and in that event the Director shall have no claim for damages against                the                Company unless he shall cease to be a Director of the Company by                virtue of                a resolution passed by the members of the Company in general meeting,                and                at the time of such removal the Company shall not be otherwise entitled                to                terminate his employment under this                Agreement. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **19** | **N****OTICE                PROVISIONS, DISMISSAL AND                SUSPENSION** |
|--------|-----------------------------------------------------------------------------------|

| 19.1 | This                Agreement shall be subject to termination by: |
|------|-------------------------------------------------------------------|

|   | 19.1.1 | either                party upon giving notice in writing to the other party in accordance                with                Clause 2.1 above; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 19.1.2 | the                Company giving not less than three months’ notice in writing at any time                when the Director is or has been incapacitated by ill health or accident                (incurred otherwise than in the due performance of his duties hereunder)                from performing his duties hereunder and shall have been so incapacitated                for a total period of one hundred and eighty days or more in the                preceding                twelve months; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 19.1.3 | the                Company giving summary notice in writing to the Director if the Director                - |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | 19.1.3.1 | commits                any material or persistent breaches of this                Agreement; |
|--------|----------|----------------------------------------------------------------------------------------------|

|   | 19.1.3.2 | mismanages                the business of the Company or any of the Group Company so as to                cause the                Company financial loss; |
|--------|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 19.1.3.3 | is                guilty of conduct tending to bring himself or the Company or any                of the                Group Company into disrepute; |
|--------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 19.1.3.4 | becomes                of unsound mind or commits an act of bankruptcy or compounds with                his                creditors generally; |
|--------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 19.1.3.5 | is                disqualified from holding the office of                director |
|--------|----------|-----------------------------------------------------------------------------------|

| 19.2 | The                Company may at any time and for whatever reason suspend the Director                from                his employment hereunder on full salary for such period of time as                is                necessary for the Company to carry out any necessary investigations                to                consider the Director’s future employment with the                Company. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.3 | Should                the Director fail to resign as a Director, if so requested to do                so by the                Company, the Director hereby irrevocably authorises the Company to                nominate a person to sign the relevant resignation documentation                on their                behalf. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.4 | The                Company                may, at its option, pay salary in lieu of notice but nothing in these                terms and conditions of employment shall prevent the Company from                terminating the Director’s employment without notice or payment in lieu of                notice in appropriate circumstances. Where a payment in lieu of notice                is                made, the Director will be paid his basic salary only and his entitlement                to any benefits or payment for any benefits shall cease on his termination                date |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.5 | This                employment will automatically terminate without notice at the end                of the                month in which the Director attains the age of 65. After the Director                reach this age, any further employment and the terms of such employment                will be totally at the discretion of the                Company. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.6 | The                Director will be subject to a three month probationary period, at                the end                of which the Director’s performance will be                reviewed. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **20** | **POSITION                ON TERMINATION** |
|--------|--------------------------------------------|

| 20.1 | Upon                the termination by whatever means of their employment under this                Agreement                the Director shall at the request of the Company immediately resign                from                office as a director of the Company and from such offices held by                him in                any Group Company as may be so requested without claim for compensation                and in the event of his failure so to do, the Company is hereby                irrevocably authorised to appoint some person in his name and on                his                behalf to sign and deliver such resignation or resignations to the                Company                and to each of the Group Companies of which the Director is at the                material time a director or other                officer. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **21** | **POST                TERMINATION** |
|--------|-------------------------------------|

| 21.1 | Upon                the termination of the employment (howsoever occurring) the Director                shall                immediately deliver up to the Company all correspondence documents                specifications and property belonging to the Company or any Group                Company                which may be in his possession or under his control or in the possession                or control of his personal                representatives. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21.2 | After                the termination of his employment, the Director shall not represent                himself as being in any way connected with the Company or any Group                Company.  |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21.3 | The                Director covenants with the Company that he will not, without the                prior                written consent of the Company: |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 21.3.1 | for                a period of six months after the termination of the Director’s employment,                either alone or jointly with or as a director, manager, agent, consultant,                partner, or employee of any person, firm, company or other organisation                directly or indirectly carry on or be engaged in any activity or                business                which is engaged or concerned with the supply of Relevant                Services; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 21.3.2 | for                a period of nine months after the termination of the Director’s                employment, canvass, solicit, approach, deal with, entice away or                cause to                canvassed, solicited, approached, dealt with or enticed away any                Customer                for business in respect of Relevant                Services; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 21.3.3 | for                a period of nine months after the termination of the Director’s                employment, interfere or seek to interfere with the continuation                of                supplies to the Company from any Relevant                Supplier; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 21.3.4 | for                a period of nine months after the termination of the Director’s                employment, solicit, interfere with or attempt to entice away any                Employee. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21.4 | The                Director acknowledges that: |
|------|------------------------------------------------|

|   | 21.4.1 | each                of the foregoing sub-clauses constitutes an entirely separate and                independent restriction on him; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | 21.4.2 | the                duration, extent and application of each of the restrictions are                no                greater than is necessary for the protection of the Company’s                interests; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 21.4.3 | the                duration of each of the restrictions shall be reduced by any period                of                time during which the Company requires the Director not to attend                his                place of work during any period of notice of termination. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 21.4.4 | the                restrictions contained in this clause are considered to be reasonable                but                if any of the restrictions are found to be void in circumstances                where it                would be valid if some part of it were deleted it is agreed that                the** **restrictions                shall apply with such deletion as is necessary to make it                valid. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **22** | **NO                OBLIGATION TO THIRD                PARTIES** |
|--------|------------------------------------------------------------------|

| 22.1 | The                Director undertakes that he is at liberty to take up employment with                the                Company and perform all the obligations set out in this Agreement                without                limitation or breach of any obligations or duties he has to a third                party. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **23** | **INDEMNITIES                AND DIRECTORS AND OFFICERS’INSURANCE** |
|--------|---------------------------------------------------------------------------|

| 23.1 | The                Director will indemnify the Company in respect of any liability incurred                by the Company as a direct consequence of the Directors negligence,                breach                of contract, breach of duty or breach of trust in relation to the                affairs                of the Company. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 23.2 | The                Company will at its discretion take out and maintain insurance cover                on                behalf of the Director for Directors’ and Officers’ Insurance and details                are available on request from the Human Resources                Department. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **24** | **DISCIPLINARY                PROCEDURE**  |
|--------|-------------------------------------------------|

| 24.1 | The                procedure laid down is in accordance with the procedure annexed hereto                at                Schedule A to this Agreement, which is not to be regarded as contractually                binding save as far as required under legislation in force from time                to                time. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 24.2 | The                Director shall refer any grievance relating to any disciplinary decision                to the Board whose decision shall be                final. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **25** | **GRIEVANCE                PROCEDURE** |
|--------|----------------------------------------|

| 25.1 | The                Director shall refer any grievance relating to his employment hereunder                or                relating to any disciplinary decision to the Board whose decision                shall be                final. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **26** | **COLLECTIVE                AGREEMENTS** |
|--------|------------------------------------------|

| 26.1 | This                employment is unaffected by the terms of any collective                agreement. |
|------|-------------------------------------------------------------------------------------------------------|

| **27** | **GENERAL** |
|--------|-------------|

| 27.1 | This                Agreement (together with the Company’s Employee Handbook) embodies and                sets forth the entire agreement and understanding of the parties                and                supersedes all prior oral or written agreements understandings or                arrangements relating to the subject matter of this Agreement. Neither                party shall be entitled to rely on any agreement, understanding or                arrangement, which is not expressly set forth in this Agreement or                Employee Handbook. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 27.2 | The                Company reserves the right to vary the terms and conditions of this                Agreement which will be notified to the Director in writing within                one                month of such variation. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 27.3 | In                the event of any conflict between the terms set out in this Agreement                and                the Company’s Employee Handbook, the terms of this Agreement shall                prevail. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 27.4 | This                Agreement shall not be amended, modified, varied or supplemented                except in                writing signed by duly authorised representatives of the                parties. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 27.5 | No                failure or delay on the part of either party hereto to exercise any                right                or remedy under this Agreement shall be construed or operate as a                waiver                thereof nor shall any single or partial exercise of any right or                remedy as                the case may be. The rights and remedies provided in this Agreement                are                cumulative and are not exclusive of any rights or remedies provided                by                law. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **28** | **NOTICES** |
|--------|-------------|

| 28.1 | Any                notice to be given hereunder shall be in writing and be sufficiently                served in the case of the Director by being delivered either personally                to                him or sent by registered post addressed to him at his usual or last                known                place of abode or in the case of the Company by being delivered at                or sent                by registered post or recorded delivery addressed to its registered                office                and any such notice if so posted shall be deemed to be served on                the                second day following that on which it was                posted. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **29** | **STATEMENT                OF EMPLOYMENT PARTICULARS** |
|--------|--------------------------------------------------------|

| 29.1 | The                Company and the Director agree that this Agreement constitutes a                Statement                of Employment Particulars in accordance with Section 1 Employment                Rights                Act 1996. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **30** | **LAW                AND JURISDICTION** |
|--------|-----------------------------------------|

| 30.1 | The                terms of this Agreement shall be governed by the Laws of England                and Wales                and the Courts of England and Wales shall have exclusive jurisdiction                in                all matters relating thereto. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SCHEDULE      A**

**DISCIPLINARY      PROCEDURE**

| 1 | In                the first instance the Board will establish the facts surrounding                the                complaint (if necessary) taking into account the statements of any                available witnesses. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | If                the Board considers that it is not necessary to resort to the formal                warning procedure, the Board will discuss the matter with the Director                suggesting areas for improvements The discussion will in so far as                is                possible be in private and the Director will be informed that no                formal                disciplinary action is being taken. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | If                the Board considers that it is necessary to invoke the formal warning                procedure, the Board will inform the Director in writing giving detail                as                to the proposed venue date and time of the meeting together with                detail as                to the matter to be discussed. The following procedure will then                apply but                depending upon the seriousness of the offence may be invoked at any                level                including summary dismissal. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1 | In                the case of minor offences the Director will be given a formal oral                warning in the event that the Board deems fit. He will be advised                that the                warning constitutes the first formal stage of the disciplinary procedure                and that a note will be placed on his personal file and will remain                on                file for the period of 6 months. The nature of the offence and the                likely                consequences of further offences or a failure to improve will be                explained                to him. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | In                the case of serious offences or a repetition of earlier minor offences                the                Director will be given a written warning in the event that the Board                deems                fit which will remain on file for the period of 12 months. The warning                will set out the precise nature of the offence the likely consequences                of                further offences and specifying if appropriate the improvement required                and over what period. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | In                the case of a further repetition of earlier offences or if the Director                still fails to improve or if the offence whilst falling short of                gross                misconduct is serious enough to warrant only one written warning                the                Director will receive in the event that the Board deems fit one written                warning which will remain on file for the period of 9 months. The                warning                will set out the precise nature of the offence containing a statement                that                any recurrence will lead to dismissal or whatever other penalty is                considered appropriate and specifying if appropriate the improvement                required and over what period. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3.4 | In                the case of gross misconduct or if all previous stages of the warning                procedure have been exhausted the Director will normally be dismissed                but                only after consideration of other possible disciplinary action including                (but without limitation) demotion or transfer, loss of seniority                or salary                increment suspension with or without                pay. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | Where                the Director is accused of an act of gross misconduct, he may be                suspended                from work for such period as the Board decides on full pay pending                outcome                of the investigation into the alleged                offence. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | In                all cases before any disciplinary action (including warnings) is                taken the                Director will be interviewed by the Board and will be informed of                the                allegations made against him. He will be given the opportunity to                state                his case and at the interview may be accompanied by a colleague or                trade                union representative of his choice. If the complaint is upheld the                Director will be informed of the disciplinary action to be taken                the stage                in the disciplinary procedure to be adopted depending upon the seriousness                of the offence and of the right to                appeal. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6 | The                following are non-exhaustive examples of the sort of offences which                if                committed will normally lead to formal disciplinary action being                taken. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1 | Minor                offences (oral warning) poor job performance involving sub-standard                work                punctuality, absenteeism or any minor breach of the Company’s                regulations. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | Serious                offences (written warnings) negligence resulting in minor loss damage                or                injury failure to comply with specific instruction irresponsibility                in                relation to the Company’s employees activities or impropriety in relation                to the Director’s tasks for the Company whether or not within working                hours which the Company reasonably considers to be detrimental to                or                conflicting with the interests of the Company or its clients or likely                to                affect the Director’s standard of work failure to disclose any personal                interest of the employee which conflicts with any matter of a client                or                customer with which the Director is engaged or any breach of confidence                relating to the Company or its clients’ or customers’                affairs. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 6.3 | Gross                misconduct (dismissal) negligence resulting in serious loss damage                or                injury, assault or attempted assault, theft, malicious damage to                property,                wilful disregard of duties or of instructions relating to the employment,                deliberate and serious breach of confidence relating to the Company’s or                its clients’ or customers’ affairs, the use for personal ends of                confidential information obtained by the Director in the course of                his                employment, falsification of records, conduct violating common decency,                being incapable through alcohol or under the influence of drugs,                conviction on a criminal charge relevant to the Director’s employment or                misuse of the Company’s computer and telecommunications                systems.                In                serious cases dismissal will normally be without                notice. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | The                Director has the right to appeal against any disciplinary decision.                The                appeal must be instituted in writing and be received by the Chairman                within 5 working days of the decision being appealed. The Appeal                Notice                must specify the Grounds of Appeal and be addressed to the Chairman.                The                Appeal will then be heard at a hearing by the Board whose decision                will be                final. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**IN      WITNESS**

| SIGNED                as a DEED by JAMES CHU  | )      | /s/                James Chu       |
|-----------------------------------------------|--------|------------------------------------|
|                                          |   |                               |
| on                behalf of the COMPANY       | )      |                               |
|                                          |   |                               |
| in                the presence of :-          | )      | /s/                James A. Morlan |
|                                          |   |                               |
|                                          |   |                               |
|                                          |   |                               |
|                                          |   |                               |
| SIGNED                as a DEED by JAN JENSEN | )      | /s/                Jan Jensen      |
|                                          |   |                               |
| in                the presence of :-          | )      | /s/                Thomas Bucknall |

----