Exhibits



Exhibit 4.8



SEPTEMBER 4, 2003



---



ASSET PURCHASE AGREEMENT



between



beTRUSTed US INC. and beTRUSTed (UK) LIMITED



and



BALTIMORE TECHNOLOGIES INC., BALTIMORE TECHNOLOGIES (UK) LIMITED, and

BALTIMORE TECHNOLOGIES PLC



Dated as of September 4, 2003



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Exhibits



SEPTEMBER 4, 2003



TABLE OF CONTENTS



|   |  |                                                         |  |                                                    |  |   
|-- |  | ------------------------------------------------------- |  | -------------------------------------------------- |  | --
|   |  |                                                         |  | Page                                              
|1. |  | Definitions.                                            |  | 1                                                 
|   |  |                                                        
|2. |  | Purchase and Sale of Assets; Assumption of Liabilities. |  | 4                                                 
|   |  |                                                         | 
|   |  | (a)                                                     |  | Purchase and Sale of Assets                        |  | 4 
|   |  | (b)                                                     |  | Excluded Assets                                    |  | 5 
|   |  | (c)                                                     |  | Assumption of Liabilities                          |  | 5 
|   |  | (d)                                                     |  | Excluded Liabilities                               |  | 6 
|   |  | (e)                                                     |  | Purchase Price                                     |  | 6 
|   |  | (f)                                                     |  | The Closing                                        |  | 7 
|   |  | (g)                                                     |  | Deliveries at the Closing                          |  | 7 
|   |  | (h)                                                     |  | Closing Costs, Transfer Taxes and Fees             |  | 7 
|   |  |                                                        
|3. |  | Representations and Warranties of the Seller            |  | 7                                                 
|   |  |                                                         | 
|   |  | (a)                                                     |  | Organization of the Seller                         |  | 8 
|   |  | (b)                                                     |  | Authorization of Transaction                       |  | 8 
|   |  | (c)                                                     |  | Noncontravention                                   |  | 8 
|   |  | (d)                                                     |  | Brokers Fees                                      |  | 8 
|   |  | (e)                                                     |  | Title to Tangible Assets                           |  | 8 
|   |  | (f)                                                     |  | Legal Compliance                                   |  | 8 
|   |  | (g)                                                     |  | Tax Matters.                                       |  | 8 
|   |  | (h)                                                     |  | Certain Financial Information                      |  | 9 
|   |  | (i)                                                     |  | Customer Contracts                                 |  | 9 
|   |  | (j)                                                     |  | Intentionally Omitted                              |  | 9 
|   |  | (k)                                                     |  | Litigation                                         |  | 10
|   |  | (l)                                                     |  | Disclaimer of other Representations and Warranties |  | 10
|   |  |                                                        
|4. |  | Representations and Warranties of the Buyer             |  | 10                                                
|   |  |                                                         | 
|   |  | (a)                                                     |  | Organization of the Buyer                          |  | 10
|   |  | (b)                                                     |  | Authorization of Transaction                       |  | 10
|   |  | (c)                                                     |  | Noncontravention                                   |  | 10
|   |  | (d)                                                     |  | Brokers Fees                                      |  | 10
|   |  | (e)                                                     |  | Investigation                                      |  | 10
|   |  |                                                        
|5. |  | Pre-Closing Covenants                                   |  | 11                                                
|   |  |                                                         | 
|   |  | (a)                                                     |  | General                                            |  | 11
|   |  | (b)                                                     |  | Notices and Consents                               |  | 11
|   |  | (c)                                                     |  | Operation of Business                              |  | 11
|   |  | (d)                                                     |  | Full Access                                        |  | 11
|   |  | (e)                                                     |  | Notice of Developments                             |  | 11
|   |  | (f)                                                     |  | Retention of Employees                             |  | 12





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Exhibits



SEPTEMBER 4, 2003



|   |  |                                    |  |                                                                                                 |  |   
|-- |  | ---------------------------------- |  | ----------------------------------------------------------------------------------------------- |  | --
|6. |  | Conditions to Obligation to Close. |  | 12                                                                                             
|   |  |                                    | 
|   |  | (a)                                |  | Conditions to Obligation of the Buyer                                                           |  | 12
|   |  | (b)                                |  | Conditions to Obligation of the Seller                                                          |  | 12
|   |  |                                   
|7. |  | Termination.                       |  | 13                                                                                             
|   |  |                                    | 
|   |  | (a)                                |  | Termination of Agreement                                                                        |  | 13
|   |  | (b)                                |  | Effect of Termination                                                                           |  | 14
|   |  |                                   
|8. |  | Miscellaneous.                     |  | 14                                                                                             
|   |  |                                    | 
|   |  | (a)                                |  | Survival of Representations, Warranties and Agreements; No Other Representations and Warranties |  | 14
|   |  | (b)                                |  | Confidentiality                                                                                 |  | 15
|   |  | (c)                                |  | Press Releases and Public Announcements                                                         |  | 15
|   |  | (d)                                |  | No Third-Party Beneficiaries                                                                    |  | 16
|   |  | (e)                                |  | Entire Agreement                                                                                |  | 16
|   |  | (f)                                |  | Succession and Assignment                                                                       |  | 16
|   |  | (g)                                |  | Counterparts                                                                                    |  | 16
|   |  | (h)                                |  | Nonforeign Affidavit                                                                            |  | 16
|   |  | (i)                                |  | Notices                                                                                         |  | 16
|   |  | (j)                                |  | Governing Law; Waiver of Jury Trial                                                             |  | 17
|   |  | (k)                                |  | Limitation on Liability                                                                         |  | 17
|   |  | (l)                                |  | Amendments and Waivers                                                                          |  | 18
|   |  | (m)                                |  | Severability                                                                                    |  | 18
|   |  | (n)                                |  | Expenses                                                                                        |  | 18
|   |  | (o)                                |  | Construction                                                                                    |  | 18
|   |  | (p)                                |  | Incorporation of Exhibits and Schedules                                                         |  | 18
|   |  | (q)                                |  | Bulk Transfer Laws                                                                              |  | 19





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Exhibits



SEPTEMBER 4, 2003



ASSET PURCHASE AGREEMENT



Agreement entered into as of September 4, 2003, by and between beTRUSTed US INC., a Delaware corporation (beTrusted US), and beTRUSTed (UK) LIMITED, a United
Kingdom corporation (beTrusted UK and together with beTrusted US, the Buyer), and BALTIMORE TECHNOLOGIES INC., a Massachusetts corporation, BALTIMORE TECHNOLOGIES (UK) LIMITED, an English corporation, and
BALTIMORE TECHNOLOGIES PLC, and Irish corporation (collectively, the Seller). The Buyer and the Seller are referred to collectively herein as the Parties.



WHEREAS, the Buyer desires to purchase the Acquired Assets (as defined below) and to assume the Assumed
Liabilities (as defined below) from the Seller, and the Seller desires to sell the Acquired Assets and to transfer the Assumed Liabilities to the Buyer, upon the terms and subject to the conditions hereinafter set forth;



NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and for other
good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the Parties hereto agree as follows:



|1. |  | Definitions.
|-- |  | ------------



Acquired Assets has the meaning set forth in Section 2(a).



Acquired Business means the business relating to, or carried out with the use of, OmniRoot by the Seller on the
date hereof, including (i) the OmniRoot certificate business and (ii) the SureServer certificate business.



Affiliate has the meaning set forth in Rule 12b-2 of the regulations promulgated under the Securities Exchange Act of 1934, as amended.



Assumed Liabilities has the meaning set forth in
Section 2(c).



Books and Records means (i) all records
and lists of the Seller, including lists of customers, suppliers or personnel, (ii) all product, business and marketing plans of the Seller, and (iii) all books, ledgers, files, reports, plans, drawings and operating records of every kind maintained
by the Seller, in each case relating directly to the Acquired Business, but excluding the Sellers minute books, stock books or other corporate records.



Cash means cash and cash equivalents (including marketable securities and short term investments) calculated in accordance with GAAP.



Closing has the meaning set forth in Section 2(f).



Closing Date has the meaning set forth in Section 2(f).



Code means the Internal Revenue Code of 1986, as amended.





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Exhibits



SEPTEMBER 4, 2003



Confidential Information means any information concerning the businesses and affairs of the Acquired Business, the Acquired Assets, the Assumed
Liabilities, the Seller and its Subsidiaries that is not already generally available to the public (including, the terms or existence of this Agreement).



Contract means all contracts, leases, licenses, commitments, understandings and agreements, whether oral or written or express or implied,
relating directly to the Acquired Business to which the Seller is a party or is bound and are being assigned to and assumed by the Buyer and are identified on Schedule 3(i) of the Seller Disclosure Schedule under a heading other than Customer
Contracts.



Customer Contracts means the written
Contracts between the Seller and its customers which relate to the Acquired Business and are being assigned to and assumed by the Buyer and are identified on Schedule 3(i) of the Seller Disclosure Schedule as Customer Contracts.



Excluded Assets has the meaning set forth in Section
2(b).



Excluded Liabilities has the meaning set forth
in Section 2(d).



GAAP means United States generally
accepted accounting principles as in effect from time to time.



Included Equipment means all of the machinery, equipment and other tangible personal property owned, leased or licensed by the Seller which is used or held for use in the operation of the Acquired Business and is to be
acquired by or assigned to the Buyer and which is identified on Schedule 1 of the Seller Disclosure Schedule.



Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.



Income Tax Return means any return, declaration,
report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto.



Knowledge means the actual knowledge of an officer of the applicable Person without independent investigation.



License Agreement has the meaning set forth in Section 6(a)(vii).



Material Adverse Effect means a material adverse
effect on the financial condition of the Acquired Business taken as a whole or on the ability of the Parties to consummate the transactions contemplated by this Agreement.



OmniRoot means all of the roots listed on Schedule A to the Seller Disclosure Schedule including all Proprietary
Rights thereto and to the name OmniRoot.





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Exhibits



SEPTEMBER 4, 2003



Permits means all licenses, permits, approvals, authorizations or consents of any governmental authority, whether foreign, federal, state or
local, relating directly to the Acquired Business as currently conducted.



Person means an individual, a partnership, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, or a governmental entity (or any department, agency, or political
subdivision thereof).



Proprietary Rights means (i)
all inventions (whether patentable or unpatentable and whether or not reduced to practice), all improvements thereto, and all patents, patent applications and patent disclosures, together with all reissuances, continuations, continuations-in-part,
revisions, extensions and reexaminations thereof, (ii) all trademarks, service marks, trade dress, trade rights, logos, trade names and corporate names, together with all translations, adaptions, derivations and combinations thereof and including
all goodwill associated therewith, and all applications, registrations and renewals in connection therewith, (iii) all copyrightable works, all copyrights and all applications, registrations and renewals in connection therewith, (iv) all mask works
and all applications, registrations and renewals in connection therewith, (v) all trade secrets and confidential business information (including ideas, research and development, know-how, formulas, compositions, manufacturing and production
processes and techniques, technical data, designs, drawings, specifications, customer and supplier lists, pricing and cost information and business and marketing plans and proposals), (vi) all computer software (including data and related
documentation), (vii) all other proprietary rights, (viii) all copies and tangible embodiments thereof (in whatever form or medium) and (ix) all rights to use any copyrights, trademarks or service marks, trade names, trade rights, patents or other
proprietary rights, in each case relating directly to the operation of the Acquired Business.



Purchase Price has the meaning set forth in Section 2(e)(i).



Purchase Price Allocation Schedule has the meaning set forth in Section 2(e)(ii).



Security Interest means any mortgage, pledge, lien, encumbrance, charge, or other security interest, other than (a)
mechanics, materialmens, and similar liens, (b) liens for taxes not yet due and payable or for taxes that the taxpayer is contesting in good faith through appropriate proceedings, (c) purchase money liens and liens securing rental
payments under capital lease arrangements, and (d) other liens arising in the ordinary course of business and not incurred in connection with the borrowing of money.



Subsidiary means any corporation with respect to which a specified Person (or a Subsidiary thereof) owns a majority
of the common stock or has the power to vote or direct the voting of sufficient securities to elect a majority of the directors or individuals performing similar functions.



SureServer means all Proprietary Rights to the SureServer product and name.



Taxes means any federal, state, local, foreign or other taxes,
levies, imposts, fees, assessments or other governmental charges, including, without limitation, income (net or gross), gross receipts, profits, alternative or add-on minimum, franchise, license, capital, capital stock,





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Exhibits



SEPTEMBER 4, 2003



intangible, services, premium, mining, transfer, sales, use, ad valorem, payroll, wage, severance, employment, occupation, property (real or personal), windfall
profits, import, excise, custom, stamp, withholding taxes, and similar governmental charges of any kind whatsoever, including interest, penalties, additions to tax or additional amounts with respect to such items, whether disputed or not.



Transition Services Agreement has the meaning set
forth in Section 6(a)(vii).



|2. |  | Purchase and Sale of Assets; Assumption of Liabilities.
|-- |  | -------------------------------------------------------



| | (a) |  | Purchase and Sale of Assets. Upon the terms and subject to the conditions contained herein, and to the extent transfer is permitted by law, at the Closing, the Seller will sell,
convey, transfer, assign and deliver to the Buyer, and the Buyer will purchase from the Seller, the assets specifically identified below that are used or held for use in the operation of the Acquired Business (collectively, the Acquired
Assets), including all of the Sellers right, title and interest in the following:
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) |  | OmniRoot and SureServer;
| | --- |  | ------------------------



| | (ii) |  | Included Equipment;
| | ---- |  | -------------------



| | (iii) |  | Customer Contracts and Contracts;
| | ----- |  | ---------------------------------



| | (iv) |  | Books and Records;
| | ---- |  | ------------------



| | (v) |  | Proprietary Rights;
| | --- |  | -------------------



| | (vi) |  | Permits;
| | ---- |  | --------



| | (vii) |  | accounts and notes receivable (whether current or noncurrent), refunds, deposits, prepayments or prepaid expenses to the extent they relate to the operation of the Acquired Business following
the Closing Date;
| | ----- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (viii) |  | all revenue received and receivable with respect to OmniRoot license agreements entered into or renewed after the date of this Agreement
| | ------ |  | ----------------------------------------------------------------------------------------------------------------------------------------



| | (ix) |  | rights under or pursuant to all warranties, representations and guarantees made by contractors or suppliers in connection with the Acquired Assets for services furnished to the Seller
relating to the Acquired Business, to the extent such warranties, representations and guarantees are assignable; and
| | ---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (x) |  | claims, causes of action, choses in action, rights of recovery and rights of set-off of any kind relating to the Acquired Assets or the Assumed Liabilities, against any Person.
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Notwithstanding anything to the contrary contained in this Agreement, the
Seller may retain copies of any Contracts, Books and Records or any other document or materials to the extent that the Seller and/or any Affiliates of the Seller (i) are required to retain them by law, (ii)





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Exhibits



SEPTEMBER 4, 2003



may need such copies for Tax purposes, or in connection with claims related to Excluded Liabilities or Excluded Assets, or (iii) may need such copies to carry out the terms or
purposes of this Agreement.



| | (b) |  | Excluded Assets. Notwithstanding any provision in this Agreement, the Buyer is purchasing only the Acquired Assets and the Buyer expressly understands and agrees that all other assets
and properties of the Seller shall be excluded from the Acquired Assets (such excluded assets, the Excluded Assets), and, notwithstanding anything to the contrary in this Agreement, none of the following shall be Acquired Assets
for the purposes of this Agreement:
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) |  | Cash and cash equivalents of the Seller;
| | --- |  | ----------------------------------------



| | (ii) |  | accounts and notes receivable (whether current or noncurrent), refunds, deposits, prepayments or prepaid expenses to the extent they relate to the operation of the Acquired Business on or
prior to the Closing Date other than amounts set forth in Section 2(a)(viii);
| | ---- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) |  | rights of the Seller arising under this Agreement or the transactions contemplated hereby;
| | ----- |  | ------------------------------------------------------------------------------------------



| | (iv) |  | claims for and right to receive Tax refunds relating to the operation of the Acquired Business on or prior to the Closing Date, all of the Sellers Tax returns relating to the operation
of the Acquired Business on or prior to the Closing Date and any notes, worksheets, files and documents relating thereto;
| | ---- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (v) |  | minute books, stock books and other corporate records of the Seller; and
| | --- |  | ------------------------------------------------------------------------



| | (vi) |  | claims, causes of action, choses in action, rights of recovery and rights of set-off of any kind relating to the Excluded Assets or the Excluded Liabilities, against any Person.
| | ---- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) |  | Assumption of Liabilities. Upon the terms and subject to the conditions contained herein, at the Closing, the Buyer shall assume and become responsible for the following and only the
following liabilities and obligations of the Seller relating to the Acquired Business (the Assumed Liabilities):
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) |  | accounts payable, accrued expenses and other current liabilities relating to the operation of the Acquired Business following the Closing Date;
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) |  | liabilities and obligations under the Contracts and the Customer Contracts to the extent arising or relating to performance following the Closing Date; and]
| | ---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) |  | liabilities and obligations relating to, or arising from, the Buyers conduct of the Acquired Business or the Buyers use of the Acquired Assets following the Closing Date.
| | ----- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| | (d) |  | Excluded Liabilities. Notwithstanding any other provision of this Agreement, except for the Assumed Liabilities, the Buyer shall not assume or be responsible for, and the Seller shall retain
and shall timely discharge, perform and be fully responsible for, all of the liabilities and obligations, fixed or contingent, known or unknown, matured or unmatured, whether arising out of occurrences prior to, at or after the date hereof relating
to the Acquired Business (the Excluded Liabilities), which Excluded Liabilities include:
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) |  | liabilities and obligations for fees and expenses incurred by or on behalf of the Seller in connection with the transactions contemplated by this Agreement;
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) |  | liabilities arising out of or relating to the Excluded Assets;
| | ---- |  | --------------------------------------------------------------



| | (iii) |  | accounts payable, accrued expenses and other current liabilities relating to the operation of the Acquired Business on or prior to the Closing Date; and
| | ----- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) |  | liabilities and obligations relating to former employees of the Acquired Business no longer employed by the Acquired Business on the Closing Date, except to the extent that the Buyer has
specifically assumes or agrees to assume responsibility for such obligations in this Agreement or as the Buyer may otherwise agree.
| | ---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) |  | Purchase Price.
| | --- |  | ---------------



| | (i) |  | The aggregate purchase price for the sale, conveyance, transfer, assignment and delivery of the Acquired Assets shall be two million British Pounds Sterling (the Purchase
Price). At the Closing, upon the terms and subject to the conditions set forth herein, Buyer shall pay the Purchase Price, subject to adjustment as set forth in Section 2, by wire transfer of immediately available funds to an account
designated by the Seller.
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) |  | Seller and Buyer agree that as soon as reasonably practical after the date of this Agreement, and prior to the filing of any Tax return which includes information related to the transactions
contemplated by this Agreement, the Purchase Price and the Assumed Liabilities shall be allocated among the Acquired Assets pursuant to a schedule (the Purchase Price Allocation Schedule) proposed by the Buyer and reasonably
acceptable to the Seller, which shall be prepared in a manner required by Section 1060 of the Code and other applicable law and delivered by the Buyer to the Seller within 60 days after the date of this Agreement. In connection with the Purchase
Price Allocation Schedule, the Seller and the Buyer shall discuss the allocation of the Purchase Price and attempt in good faith to reach agreement with respect thereto. The Seller and the Buyer shall prepare mutually acceptable and substantially
identical initial and supplemental IRS Forms 8594, Asset Acquisition Statements Under Section 1060, consistent with the Purchase Price Allocation Schedule. Each of the Seller and the Buyer shall report, for Tax purposes, the transactions
contemplated by this Agreement in a manner consistent with the Purchase Price Allocation Schedule and such IRS Forms 8594.
| | ---- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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SEPTEMBER 4, 2003



| | (f) |  | The Closing. The closing of the transactions contemplated by this Agreement (the Closing) shall take place at the offices of Latham & Watkins LLP, 275 Grove
Street, Newton, Massachusetts, commencing at 9:00 a.m. local time on the second business day following the satisfaction or waiver of all conditions to the obligations of the Parties to consummate the transactions contemplated hereby (other than
conditions with respect to actions the respective Parties will take at the Closing itself) or such other date as the Parties may mutually determine (the Closing Date).
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (g) |  | Deliveries at the Closing. At the Closing: (i) the Seller will deliver to the Buyer the various certificates, instruments, and documents referred to in Section 6(a) below; (ii) the
Buyer will deliver to the Seller the various certificates, instruments, and documents referred to in Section 6(b) below; (iii) the Seller will execute, acknowledge (if appropriate), and deliver to the Buyer such instruments of sale, transfer,
conveyance, and assignment as the Buyer and its counsel reasonably may request to effect the transactions contemplated by this agreement; (iv) the Buyer will execute, acknowledge (if appropriate), and deliver to the Seller such instruments of
assumption as the Seller and its counsel reasonably may request to effect the transactions contemplated by this Agreement; and (v) the Buyer will deliver to the Seller the consideration specified in Section 2(e)(i) above by wire transfer of
immediately available funds.
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (h) |  | Closing Costs, Transfer Taxes and Fees. The Buyer shall be liable and responsible for the timely payment of all sales, use, excise, value-added, goods and services, transfer, real
estate transfer, stamp, recording, documentary, registration, conveyancing or similar Taxes, duties or expenses imposed on, or arising as a result of, the contemplated sale and transfer of the Acquired Assets and the timely filing of all related Tax
returns. The Seller shall cooperate with the Buyer in preparing any Tax returns relating to such Taxes, duties or expenses. The Buyer and the Seller shall provide each other with applicable resale and exemption certifications.
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3. |  | Representations and Warranties of the Seller. The Seller represents and warrants to the Buyer that the statements contained in this Section 3 are correct and complete as of the date of
this Agreement, except as set forth in the Seller Disclosure Schedule. Section references in the Seller Disclosure Schedule are for the Parties convenience only, and any item disclosed in any section of the Seller Disclosure Schedule shall be
deemed to be an exception to each representation and warranty set forth in any subsection of this Section 3.
|-- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) |  | Organization of the Seller. Each Seller is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) |  | Authorization of Transaction. The Seller has full corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the
valid and legally binding obligation of the Seller, enforceable against the Seller in accordance with its terms and conditions. Each of Bijan Khezry, Denis Kelly and Simon Enoch has the authority to execute and deliver all documents referred to in
this Agreement on behalf of the Seller.
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| | (c) |  | Noncontravention. Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby (including the assignments and assumptions
referred to in Section 2 above), will (i) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government, governmental agency, or court to which the Seller is subject
or any provision of the charter or bylaws of the Seller or (ii) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require
any notice under any agreement, contract, lease, license, instrument, or other arrangement to which the Seller is a party or by which it is bound or to which its assets is subject (or result in the imposition of any Security Interest upon any of its
assets), except where the violation, conflict, breach, default, acceleration, termination, modification, cancellation, failure to give notice, or Security Interest would not have a Material Adverse Effect. The Seller does not need to give any notice
to, make any filing with, or obtain any authorization, consent, or approval of any government or governmental agency in order for the Parties to consummate the transactions contemplated by this Agreement (including the assignments and assumptions
referred to in Section 2 above), except where the failure to give notice, to file, or to obtain any authorization, consent, or approval would not have a Material Adverse Effect.
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) |  | Brokers Fees. The Seller has no liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect to the transactions contemplated by this
Agreement for which the Buyer or any of its Affiliates could become liable or obligated.
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) |  | Title to Tangible Assets. The Seller has good title to, or a valid leasehold interest in, the material tangible assets that are Acquired Assets used regularly in the conduct of the
Acquired Business.
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) |  | Legal Compliance. To the Knowledge of the Seller, the Seller has complied with all laws applicable to the Acquired Business (including rules, regulations, codes, plans, injunctions,
judgments, orders, decrees, rulings, and charges thereunder) of federal, state, local, and foreign governments (and all agencies thereof), except where the failure to comply would not have a Material Adverse Effect.
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (g) |  | Tax Matters.
| | --- |  | ------------



| | (i) |  | The Acquired Assets will not be, as of the Closing Date, subject to any Lien arising as a result of any Taxes due for any period on or prior to the Closing Date.
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) |  | The Seller has filed or will cause to be filed, within the times and in the manner prescribed by law, all of the federal, state, local tax returns, information returns and tax reports
(including any related or supporting information) which are required to be filed by the Seller in connection with the Acquired Business. Such tax returns are true, complete and all amounts shown accurate in all material respects. All Taxes due and
payable for which the Seller is liable have been paid in full by the due date thereof. No deficiencies for Taxes have been claimed, proposed or assessed by any taxing authority against the Seller and there are not pending audits, examinations or
other proceedings in respect of Taxes. No extension or waiver of a statute of limitations relating to Taxes is in effect with respect to the Seller.
| | ---- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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SEPTEMBER 4, 2003



| | (iii) |  | None of the Acquired Assets directly or indirectly secures any debt the interest on which is tax-exempt under Section 103(a) of the Code. None of the Acquired Assets is property required to
be treated as being owned by any other person pursuant to the safe harbor lease provisions of former Section 168(f)(8) of the Code. None of the Purchased Assets is Tax exempt use property within the meaning of Section 168(h)
of the Code.
| | ----- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) |  | Notwithstanding the foregoing, the representations and warranties set forth in this Section 3(g) shall not be applicable to the extent that the Acquired Assets cannot be made subject to Tax
liens and the Buyer cannot be held liable for Taxes relating to matters constituting any breach of such representations and warranties.
| | ---- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (h) |  | Certain Financial Information Section 3(h) of the Seller Disclosure Schedule contains certain financial information related to the conduct of the Acquired Business (the
Statements of Revenue). The Statements of Revenue fairly presents in all material respects the revenue generated by the Acquired Business for the most recent annual period with respect to each Customer, is materially complete, and
does not contain any material items of special or nonrecurring income except as set forth therein.
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) |  | Contracts. Section 3(i) of the Seller Disclosure Schedule lists all written Contracts that constitute Acquired Assets. The Seller has delivered, or will deliver prior to Closing, to
the Buyer a correct and complete copy of each Contract listed in Section 3(i) of the Seller Disclosure Schedule. To its Knowledge and assuming the truth and accuracy of statements made to it in connection with each document delivered to it in
connection with the transfer of a Contract to the Seller, the Seller further represents and warrants that it has full power and authority to assign the Contracts to the Buyer, and with respect to those Contracts where the Seller was not one of the
original parties, all such Customer Contracts have been properly assigned to the Seller.
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (j) |  | Intentionally Omitted.
| | --- |  | ----------------------



| | (k) |  | Litigation. Section 3(k) of the Disclosure Schedule sets forth each instance as of the date of this Agreement in which the Seller (i) is subject to any outstanding injunction,
judgment, order, decree, ruling, or charge related to the Acquired Business or (ii) is a party to any action, suit, proceeding, hearing, or investigation of, in, or before any court or quasi-judicial or administrative agency of any federal, state,
local, or foreign jurisdiction related to the Acquired Business, except where the injunction, judgment, order, decree, ruling, action, suit, proceeding, hearing, or investigation would not have a Material Adverse Effect.
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (l) |  | Disclaimer of other Representations and Warranties. Except as expressly set forth in this Section 3, neither the Seller nor any of its Affiliates makes any representation or warranty,
express or implied, at law or in equity, in respect of any of its assets (including the Acquired Assets), liabilities (including the Assumed Liabilities) or operations, including with
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| |  |  | respect to the Acquired Business, and any such other representations or warranties are hereby expressly disclaimed. The Buyer hereby acknowledges and agrees that (i) except to the extent
specifically set forth in this Section 3, the Buyer is purchasing the Acquired Assets and assuming the Assumed Liabilities on an as-is, where-is basis, (ii) it is not entitled to rely on the accuracy or completeness of any information
not expressly set forth in this Section 3, and (iii) it has relied and will rely solely on the representations and warranties expressly made in this Section 3.
| |  |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4. |  | Representations and Warranties of the Buyer. The Buyer represents and warrants to the Seller that the statements contained in this Section 4 are correct and complete as of the date of
this Agreement.
|-- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (a) |  | Organization of the Buyer. The Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) |  | Authorization of Transaction. The Buyer has full corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement
constitutes the valid and legally binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms and conditions. Each of John Garvey and Chris Ellis has the authority to execute and deliver all documents referred to in
this Agreement on behalf of the Buyer.
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) |  | Noncontravention. Neither the execution and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby (including the assignments and assumptions
referred to in Section 2 above), will (i) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government, governmental agency, or court to which the Buyer is subject
or any provision of its charter or bylaws or (ii) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under
any agreement, contract, lease, license, instrument, or other arrangement to which the Buyer is a party or by which it is bound or to which any of its assets is subject. The Buyer does not need to give any notice to, make any filing with, or obtain
any authorization, consent, or approval of any government or governmental agency in order for the Parties to consummate the transactions contemplated by this Agreement (including the assignments and assumptions referred to in Section 2
above).
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) |  | Brokers Fees. The Buyer has no liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect to the transactions contemplated by this
Agreement for which the Seller or any of its Affiliates could become liable or obligated.
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) |  | Investigation. The Buyer has received and reviewed information about the Seller, the Acquired Business, the Acquired Assets and the Assumed Liabilities, and has had an opportunity to
discuss the Acquired Business, the Acquired Assets and the Assumed Liabilities with the management of the Seller. The Buyer understands and acknowledges that (a) any financial information that may have been provided on behalf of the Seller may not
have been prepared in accordance with GAAP, unless specifically represented to have been so prepared and (b) such discussions, as well as any written information issued by the Seller (i) were intended to describe certain aspects of the business and
prospects of the Acquired Business which the
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| |  |  | management of the Seller believes to be material, but were not necessarily an exhaustive description, and (ii) may have contained forward-looking statements involving known and unknown risks
and uncertainties which may cause the actual results in future periods or plans for future periods to differ materially from what was anticipated and that no representations or warranties were or are being made with respect to any such
forward-looking statements or the probability of achieving any of the results that may have been projected in any of such forward-looking statements. The Buyer confirms that it has performed a comprehensive investigation of the Acquired Business to
its full and complete satisfaction.
| |  |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5. |  | Pre-Closing Covenants. The Parties agree as follows with respect to the period between the execution of this Agreement and the Closing.
|-- |  | ---------------------------------------------------------------------------------------------------------------------------------------



| | (a) |  | General. Each of the Parties will use its reasonable best efforts to take all action and to do all things necessary, proper, or advisable in order to consummate and make effective the
transactions contemplated by this Agreement (including satisfaction, but not waiver, of the closing conditions set forth in Section 6 below).
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) |  | Notices and Consents. The Seller will give any notices to third parties, and the Seller will use its reasonable best efforts to obtain any third party consents, that the Buyer
reasonably may request in connection with the matters referred to in Section 3(c) above. Each of the Parties will give any notices to, make any filings with, and use its reasonable best efforts to obtain any authorizations, consents, and approvals
of governments and governmental agencies in connection with the matters referred to in Section 3(c) and Section 4(c) above. Without limiting the generality of the foregoing, each of the Parties will file any Notification and Report Forms and related
material that it may be required to file with the Federal Trade Commission and the Antitrust Division of the United States Department of Justice under the Hart-Scott-Rodino Act, will use its reasonable best efforts to obtain a waiver from the
applicable waiting period, and will make any further filings pursuant thereto that may be necessary, proper, or advisable in connection therewith.
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) |  | Operation of Business. The Seller will not cause the Acquired Business to engage in any practice, take any action, or enter into any transaction outside the ordinary course of
business. The Seller will not amend or modify any Customer Contract that constitutes an Acquired Asset without the Buyers consent, which shall not be unreasonably withheld or delayed.
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) |  | Full Access. The Seller will permit representatives of the Buyer to have full access during normal business hours and after reasonable notice, and in a manner so as not to interfere
with the normal business operations of the Seller and its Affiliates, to all premises, properties, personnel, books, records (including tax records), contracts, and documents of or pertaining directly to the Acquired Business.
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (e) |  | Notice of Developments. Either Party may elect at any time to notify the other Party of any development causing a breach of any of its representations and warranties in Section 3 or
Section 4 above, as applicable. Unless the Party receiving such notice has the right to terminate this Agreement pursuant to Section 7(a)(ii) below by reason of the development and exercises that right within the period of three business days
referred to in Section 7(a)(ii) below,
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| |  |  | the written notice pursuant to this Section 5(e) will be deemed to have amended the Seller Disclosure Schedule, to have qualified the representations and warranties contained in Section 3 or
Section 4 above, as applicable, and to have cured any misrepresentation or breach of warranty that otherwise might have existed hereunder by reason of the development.
| |  |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|6. |  | IConditions to Obligation to Close.
|-- |  | -----------------------------------



| | (a) |  | Conditions to Obligation of the Buyer. The obligation of the Buyer to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the
following conditions:
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) |  | the representations and warranties set forth in Section 3 above shall be true and correct in all material respects at and as of the Closing Date;
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) |  | the Seller shall have performed and complied with all of its covenants hereunder in all material respects through the Closing;
| | ---- |  | ------------------------------------------------------------------------------------------------------------------------------



| | (iii) |  | there shall not be any injunction, judgment, order, decree, ruling, or charge in effect preventing consummation of any of the transactions contemplated by this Agreement;
| | ----- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) |  | the Seller shall have delivered to the Buyer a certificate to the effect that each of the conditions specified above in Section 6(a)(i)-(iii) is satisfied in all respects;
| | ---- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (v) |  | the Seller shall have delivered to the Buyer the consent required under the Customer Contracts listed on Exhibit A hereto;
| | --- |  | --------------------------------------------------------------------------------------------------------------------------



| | (vi) |  | all actions to be taken by the Seller in connection with consummation of the transactions contemplated hereby and all certificates, instruments, and other documents required to effect the
transactions contemplated hereby shall be reasonably satisfactory in form and substance to the Buyer; and
| | ---- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (vii) |  | the execution by the Seller of a license agreement in substantially the form attached hereto as Exhibit B (the License Agreement), a transition services agreement in
substantially the form attached hereto as Exhibit C (the Transition Services Agreement).
| | ----- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The Buyer may waive any condition specified in this Section 6(a) if it executes a writing so stating at or prior to the Closing.



| | (b) |  | Conditions to Obligation of the Seller. The obligation of the Seller to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of
the following conditions:
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) |  | the representations and warranties set forth in Section 4 above shall be true and correct in all material respects at and as of the Closing Date;
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| | (ii) |  | the Buyer shall have performed and complied with all of its covenants hereunder in all material respects through the Closing;
| | ---- |  | -----------------------------------------------------------------------------------------------------------------------------



| | (iii) |  | there shall not be any injunction, judgment, order, decree, ruling, or charge in effect preventing consummation of any of the transactions contemplated by this Agreement;
| | ----- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) |  | the Buyer shall have delivered to the Seller a certificate to the effect that each of the conditions specified above in Section 6(b)(i)-(iii) is satisfied in all respects;
| | ---- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (v) |  | the Seller shall have delivered to the Buyer the consent required under the Customer Contracts listed on Exhibit A hereto;
| | --- |  | --------------------------------------------------------------------------------------------------------------------------



| | (vi) |  | all actions to be taken by the Buyer in connection with consummation of the transactions contemplated hereby and all certificates, instruments, and other documents required to effect the
transactions contemplated hereby shall be reasonably satisfactory in form and substance to the Seller; and
| | ---- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (vii) |  | the execution by the Buyer of the License Agreement, the Transition Services Agreement, the Support Agreement and the ORC Agreement.
| | ----- |  | ------------------------------------------------------------------------------------------------------------------------------------



The Seller may waive any condition specified in this Section 6(b) if it executes a writing so stating
at or prior to the Closing. The Buyer covenants and agrees to execute and deliver the License Agreement, the Transition Services Agreement, the Support Agreement and the ORC Agreement upon satisfaction or waiver of each condition set forth in
Sections 6(a)(i)-(vi).



|7. |  | Termination.
|-- |  | ------------



| | (a) |  | Termination of Agreement. The Parties may terminate this Agreement as provided below:
| | --- |  | -------------------------------------------------------------------------------------



| | (i) |  | the Buyer and the Seller may terminate this Agreement by mutual written consent at any time prior to the Closing;
| | --- |  | -----------------------------------------------------------------------------------------------------------------



| | (ii) |  | either Party may terminate this Agreement by giving written notice to the other Party at any time prior to the Closing in the event (A) the other Party has within the then previous three
business days delivered a notice pursuant to Section 5(e) above and (B) the development that is the subject of the notice makes the representations and warranties set forth in Section 3 or Section 4 above, as applicable, not true and correct in all
material respects;
| | ---- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) |  | the Buyer may terminate this Agreement by giving written notice to the Seller at any time prior to the Closing (A) in the event the Seller has breached any material representation, warranty,
or covenant contained in this Agreement (other than a representation or warranty expressly mentioned in the notice described in Section 5(e)) in any material respect, the Buyer has notified the Seller of the breach, and the breach has continued
without cure for a period of
| | ----- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| |  |  | 30 days after the notice of breach or (B) if the Closing shall not have occurred on or before midnight on November 30, 2003, by reason of the failure of any condition precedent under Section
6(a) hereof (unless the failure results primarily from the Buyer itself breaching any representation, warranty, or covenant contained in this Agreement or from any action taken by the Buyer, on the Buyers behalf, or at the Buyers
request); and
| |  |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) |  | the Seller may terminate this Agreement by giving written notice to the Buyer at any time prior to the Closing (A) in the event the Buyer has breached any material representation, warranty,
or covenant contained in this Agreement (other than a representation or warranty expressly mentioned in the notice described in Section 5(e)) in any material respect, the Seller has notified the Buyer of the breach, and the breach has continued
without cure for a period of 30 days after the notice of breach or (B) if the Closing shall not have occurred on or before midnight on November 30, 2003, by reason of the failure of any condition precedent under Section 6(b) hereof (unless the
failure results primarily from the Seller itself breaching any representation, warranty, or covenant contained in this Agreement or from any action taken by the Seller, on the Sellers behalf, or at the Sellers request).
| | ---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) |  | Effect of Termination. If either Party terminates this Agreement pursuant to Section 7(a) above, all rights and obligations of the Parties hereunder shall terminate without any liability of
either Party to the other Party (except for any liability of either Party then in breach); provided, however, that the provisions contained in Section 8 shall survive termination.
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|8. |  | Miscellaneous.
|-- |  | --------------



| | (a) |  | Survival of Representations, Warranties and Agreements; No Other Representations and Warranties. The representations, warranties, covenants and other agreements in this Agreement or in
any instrument delivered pursuant to this Agreement, including any rights arising out of any breach of such representations, warranties, covenants and other agreements, shall survive the Closing for a period of one year, except for those covenants
and agreements contained in this Article 2 and Article 8 which shall survive indefinitely; provided that neither the Seller nor any of its affiliates shall not have any liability in connection with this Agreement or any transaction
contemplated thereby with respect to any matter of which the Buyer or its affiliates had knowledge at or prior to the Closing. Each party hereto agrees that, except for the representations and warranties contained in this Agreement, no Party makes
any other representations or warranties, and each hereby disclaims and agreed not to rely upon any other representations and warranties made by itself or any of its officers, directors, employees, agents, financial and legal advisors or other
representatives, with respect to the execution and delivery of this Agreement, the documents and the instruments referred to herein, or the transactions contemplated hereby or thereby, notwithstanding the delivery or disclosure to the other party or
the other partys representatives of any documentation or other information with respect to any one or more of the foregoing.
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| | (b) |  | Confidentiality
| | --- |  | ---------------



| | (i) |  | The Buyer acknowledges that (a) is in possession of Confidential Information and (b) pursuant to the actions contemplated by Section 5(d) will have access to Confidential Information. For a
period of three years following the Closing or the termination of this Agreement, the Buyer and its Affiliates shall treat such information as confidential, not disclose to any other Person any such information, preserve the confidentiality of such
information, not duplicate such information and instruct its employees who have had access to such information to keep confidential unless such information (i) is now or is hereafter disclosed, through no act or omission of the Buyer or its
Affiliates, in a manner making it available to the general public or (ii) is required by law to be disclosed.
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) |  | Notwithstanding anything to the contrary set forth herein or in any other written or oral understanding or agreement to which the parties hereto are parties or by which they are bound, the
parties acknowledge and agree that (i) any obligations of confidentiality contained herein and therein do not apply and have not applied from the commencement of discussions between the parties to the tax treatment and tax structure of the
transactions contemplated by this Agreement (and any related transactions or arrangements), and (ii) each party (and each of its employees, representatives, or other agents) may disclose to any and all Persons, without limitation of any kind, the
tax treatment and tax structure of the transactions contemplated by this Agreement and all materials of any kind (including opinions or other tax analyses) that are provided to such party relating to such tax treatment and tax structure, all within
the meaning of Treasury Regulations Section 1.6011-4; provided, however, that each party recognizes that the privilege each has to maintain, in its sole discretion, the confidentiality of a communication relating to the transactions
contemplated by this Agreement, including a confidential communication with its attorney or a confidential communication with a federally authorized tax practitioner under Section 7525 of the Code, is not intended to be affected by the foregoing.
| | ---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (c) |  | Non-Competition. For a period of three years following the Closing, neither Seller nor any of its affiliates, in any form or manner, directly or indirectly, on its own behalf or in
combination with others, engage in, solicit for, provide services to, or become interested in as a partner or investor in any business that is engaged in any Root or SSL Certificate business, except that Seller may license OmniRoot in connection
with its UniCERT business.
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (d) |  | Press Releases and Public Announcements. No Party shall issue any press release or make any public announcement relating to the subject matter of this Agreement prior to the Closing without
the prior written approval of the other Party, which shall not be unreasonably withheld; provided, however, that either Party may make any public disclosure it believes in good faith is required by applicable law or any listing or trading
agreement concerning its publicly-traded securities (in which case the disclosing Party will use commercially reasonable efforts to advise the other Party prior to making the disclosure).
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| | (e) |  | No Third-Party Beneficiaries. This Agreement shall not confer any rights or remedies upon any Person other than the Parties and their respective successors and permitted
assigns.
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (f) |  | Entire Agreement. This Agreement (including the documents referred to herein) constitutes the entire agreement between the Parties and supersedes any prior understandings, agreements,
or representations by or between the Parties, written or oral, with respect to the subject matter hereof, and neither Party shall be liable or bound to the other Party in any manner by any warranties, representations or covenants except as
specifically set forth herein or therein.
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (g) |  | Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may
assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other Party.
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (h) |  | Counterparts. This Agreement may be executed in two counterparts, each of which shall be deemed an original, but both of which together shall constitute one and the same instrument.
Each Party may rely on a facsimile signature on this Agreement, and each Party shall, if the other Party so requests, provide an originally signed copy of this Agreement to the other party.
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) |  | Nonforeign Affidavit. The Seller shall furnish to the Buyer an affidavit, stating, under penalty of perjury, that the indicated number is the transferors United States taxpayer
identification number and that the transferor is not a foreign person, pursuant to Section 1445(b)(2) of the Internal Revenue Code of 1986, as amended.
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (j) |  | Notices. All notices, requests, demands, claims, and other communications hereunder will be in writing. Any notice, request, demand, claim, or other communication hereunder shall be
deemed duly given one business day after it is sent by overnight delivery with a nationally recognized courier service (such as Federal Express or United Parcel Service) and addressed to the intended recipient as set forth below:
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                                                                                                                                        |  |                                                                                                                                     
|------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------
|If to the Seller:                                                                                                                                       |  | with a copy to:                                                                                                                     
|                                                                                                                                                        | 
|Baltimore Technologies Inc. Innovation House Hemel Hempstead Hartfordshire HP27DN England Attn:
Corporate Secretary Tel: +44-367-7000 Fax: +44-367-7156 |  | Latham & Watkins 275 Grove Street, Suite 2-400 Newton, Massachusetts 02466 Attn: Ian Blumenstein Tel: 617-663-4842 Fax: 617-663-5319





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Exhibits



SEPTEMBER 4, 2003



|                                                                                                                                             |  |                                                                                                                                         
|-------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------
|If to the Buyer:                                                                                                                             |  |                                                                                                                                         
|                                                                                                                                             | 
|c/o beTrusted US INC. 11000 Broken Land Pkwy Suite 900 Columbia, MDE 21044 Attn: Chief Financial Officer Tel: 443-367-7000 Fax: 410-730-7156 |  | Gilbride, Tusa, Last & Spellane, Esq. 31 Brookside Drive Greenwich, CT 06830 Attn: Lincoln W. Briggs Tel: 203-622-9360 Fax: 203-622-9392



Either Party may send any notice, request,
demand, claim, or other communication hereunder to the intended recipient at the address set forth above using any other means (including personal delivery, expedited courier, messenger service, telecopy, ordinary mail, or electronic mail), but no
such notice, request, demand, claim, or other communication shall be deemed to have been duly given unless and until it actually is received by the intended recipient. Either Party may change the address to which notices, requests, demands, claims,
and other communications hereunder are to be delivered by giving the other Party notice in the manner herein set forth.



| | (k) |  | Governing Law; Waiver of Jury Trial. This Agreement shall be governed by and construed in accordance with the domestic laws of the Commonwealth of Massachusetts without giving effect
to any choice or conflict of law provision or rule (whether of the Commonwealth of Massachusetts or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the Commonwealth of Massachusetts. Any action of
any type or nature whatsoever with respect to this Agreement, whether arising in contract, tort or otherwise, shall be brought in the Norfolk Superior Court or U.S. District Court for the District of Massachusetts, and each Party accepts for itself
and its assets and properties, generally and unconditionally, the nonexclusive jurisdiction of the aforesaid courts.
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Each Party waives, to the fullest extent permitted by applicable law, any objection (including any objection to the laying of venue or based on the grounds of forum non conveniens)
which it may now or hereafter have to the bringing of any such action in any such jurisdiction. Each party waives any right to trial by jury with regard to any action of any type or nature whatsoever under or concerning this Agreement or in any way
related to this Agreement or the administration or enforcement thereof.



| | (l) |  | Limitation on Liability. Neither Party shall have any liability under or in connection with this Agreement for special, exemplary, punitive, incidental, indirect or consequential
damages of any sort in any action of any type or nature whatsoever in connection with this Agreement or in any way related to this Agreement or the administration or enforcement thereof. Except to the extent prohibited by law, each Party waives any
right they may have to claim or recover in any such action any special, exemplary, punitive, incidental, indirect or consequential damages of any sort other than actual damages. In no event shall either Party shall have any liability under or in
connection with this Agreement or any transaction contemplated thereby that exceeds 10% of the Purchase Price actually paid. Further, each party
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| |  |  | hereto agrees not to make any claim or demand or seek any relief in connection with this Agreement or any transaction contemplated hereby, unless such claim, demand or relief seeks damages in
excess of $50,000.
| |  |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (m) |  | Amendments and Waivers. No amendment of any provision of this Agreement shall be valid unless the same shall be in writing and signed by the Buyer and the Seller. No waiver by either
Party of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, shall be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect
in any way any rights arising by virtue of any prior or subsequent such occurrence.
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (n) |  | Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the
remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction.
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (o) |  | Expenses. Each Party shall bear its own costs and expenses (including legal fees and expenses) incurred in connection with this Agreement and the transactions contemplated hereby.
Notwithstanding the foregoing, in any action of any type or nature whatsoever with respect to this Agreement or any transaction contemplated hereby, whether arising in contract, tort or otherwise, the party to this Agreement that does not prevail in
such action shall pay all fees and expenses (including reasonable legal fees) incurred by each other party to this Agreement (and any affiliate of such other party) that was involved in such action.
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (p) |  | Construction. The Parties acknowledge that each is sophisticated in transactions of this type, represented by counsel, and each has participated jointly in the negotiation and drafting
of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties and no presumption or burden of proof shall arise favoring or disfavoring either
Party by virtue of the authorship of any of the provisions of this Agreement. In this Agreement, references to any section, exhibit or schedule are to sections, exhibits or schedules hereto unless otherwise indicated; references to any federal,
state, local, or foreign statute or law are to be construed as including all statutory provisions consolidating, amending or replacing the statute referred to and shall be deemed also to refer to all rules and regulations promulgated thereunder;
references to writing include printing, typing, lithography, e-mail and other means of reproducing words in a visible form; the words include, includes and including when used herein shall be deemed in
each case to be followed by the words without limitation; and the term or is not exclusive. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. Any material adverse effect shall be determined with reference to the condition of the Acquired Business on the date hereof and is intended by the Parties to address events that would substantially
threaten the overall long-term earnings potential of the Acquired Business.
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (q) |  | Incorporation of Exhibits and Schedules. The Exhibits and Schedules identified in this Agreement are incorporated herein by reference and made a part hereof.
| | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------





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Exhibits



SEPTEMBER 4, 2003



| | (r) |  | Bulk Transfer Laws. The Buyer acknowledges that the Seller will not comply with the provisions of any bulk transfer laws of any jurisdiction in connection with the transactions
contemplated by this Agreement.
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



[Signature Page
Follows]





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Exhibits



SEPTEMBER 4, 2003



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



BALTIMORE TECHNOLOGIES INC.ByNameTitleBALTIMORE TECHNOLOGIES (UK) LIMITEDByNameTitleBALTIMORE TECHNOLOGIES PLCByNameTitlebeTRUSTed US INC.ByNameTitlebeTRUSTed (UK) LIMITEDByNameTitle






---

Exhibits



SEPTEMBER 4, 2003



Exhibit A



Customer Contracts that require consent to be delivered as a closing condition:



Telecom Italia



PosteCom



Deutsche Telecom



Entrust



Cable & Wireless



GeoTrust



Tradelink



NTT Communications



Sun Microsystems



TSI



AOL



Guidant



Wells Fargo



Akamai





---

Exhibits



SEPTEMBER 4, 2003



Exhibit B



Agreed Form of License Agreement





---

Exhibits



SEPTEMBER 4, 2003



Exhibit C



Agreed Form of Transition Services Agreement





---

Exhibits



SEPTEMBER 4, 2003



Seller Disclosure Schedule



Baltimore Technologies Inc. is delivering the attached Seller Disclosure Schedule in connection with the Asset Purchase Agreement, dated as of September 4, 2003 (the
Agreement), by and between beTRUSTed US INC., a Delaware corporation (beTrusted US), and beTRUSTed (UK) LIMITED, a United Kingdom corporation (beTrusted UK and together with beTrusted US, the
Buyer), and BALTIMORE TECHNOLOGIES INC., a Massachusetts corporation, BALTIMORE TECHNOLOGIES (UK) LIMITED, an English corporation, and BALTIMORE TECHNOLOGIES plc, and Irish corporation (collectively, (the
Seller). The Buyer and the Seller are referred to collectively herein as the Parties. Capitalized terms used but not defined herein have the meanings given in the Agreement.



The Seller Disclosure Schedule sets forth, among other things, items the disclosure of which is
necessary or appropriate either in response to an express disclosure requirement contained in a provision of the Agreement or as an exception to one or more of Sellers representations and warranties contained in the Agreement; provided,
however, that certain information set forth in the Seller Disclosure Schedule has been included and disclosed solely for informational purposes and may not be required to be disclosed pursuant to the terms and conditions of the Agreement. The
disclosure of any information in any part of the Seller Disclosure Schedule shall not be deemed to constitute an acknowledgment or agreement that the information is required to be disclosed in connection with the representations and warranties made
in the Agreement or that the information is material, nor shall any information so included and disclosed be deemed to establish a standard of materiality or otherwise be used to determine whether any other information is material or should have
been disclosed.



This Seller Disclosure Schedule is qualified in its entirety by
reference to specific provisions of the Agreement, and is not intended to constitute, and shall not be construed as constituting, representations or warranties of the Seller, except as and to the extent provided in the Agreement. Inclusion of
information herein shall not be construed as an admission that such information is material to the Seller.



Matters reflected in this Seller Disclosure Schedule are not necessarily limited to matters required by the Agreement to be reflected in the Seller Disclosure Schedule. Such additional matters are set forth for information
purposes and do not necessarily include other matters of a similar nature.



Headings have
been inserted on the sections of this Seller Disclosure Schedule are for convenience of reference only and shall to no extent have the effect of amending or changing the express description of the Sections as set forth in the Agreement.



The information contained herein is in all events subject to the confidentiality provisions
contained in the Agreement.





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Exhibits



SEPTEMBER 4, 2003



SCHEDULE A

OMNIROOT



Location of Embedded Roots



|                           |  |                                                                                                                                                                                                                                                                                           |  |                       |  |                                                                                                                                                |  |                 
|-------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------
|CompanyName                |  | Product                                                                                                                                                                                                                                                                                   |  | Company Web Site      |  | Roots Inserted                                                                                                                                 |  | Insertedon:     
|                          
|3Com                       |  | a browser for a new internet appliance                                                                                                                                                                                                                                                    |  | http://www.3com.com/  |  | All 6 New Roots *GTE CT Root *GTE CT Global Root *GTE CT Root 5 *Baltimore CT Root *Baltimore CT Code Signing Root *Baltimore
CT Mobile Root |  | 7/2000          
|                           |  |                                                                                                                                                                                                                                                                                           |  |                      
|au (KDDI)                  |  | A5401CA                                                                                                                                                                                                                                                                                   |  | TBS                   |  | TBS                                                                                                                                            |  | 6/2003          
|                           |  |                                                                                                                                                                                                                                                                                           |  |                      
|Apple                      |  | Mac OS 9 Found in Built-in Certificates root cert database that
is part of Mac OS 9.                                                                                                                                                                                                    |  | http://www.apple.com/ |  | * Global Root * Root (Renewed Root) * Root 2 * Root 3 * Root 4 * Root 5 * Baltimore CT Root * BT CT Code Signing Root * BT CT Mobile Root      |  | 8/99      7/2000
|                           |  |                                                                                                                                                                                                                                                                                           |  |                      
|Citrix                     |  | Working with V-One Citrix Mainframe 1.8, feature release 1 released Sept
2000                                                                                                                                                                                                             |  | www.citrix.com        |  | GTE CyberTrust Root GTE CyberTrust Global Root Baltimore CyberTrust Root                                                                       |  | 7/2000          
|                           |  |                                                                                                                                                                                                                                                                                           |  |                      
|CommerceOne                |  |                                                                                                                                                                                                                                                                                           |  | www.commerceone.com   |  | GTE CyberTrust Root GTE CyberTrust Global Root Baltimore CyberTrust Root                                                                       |  | 12/2000         
|                           |  |                                                                                                                                                                                                                                                                                           |  |                      
|Digital Applications, Inc. |  | SecurSign a plug-In for Adobe
Acrobat Exchange 4.0 that adds support for RSA digital signatures to PDF files. The digital signature becomes an integral part of the PDF file and provides the reader with a mechanism to verify both the authenticity and the integrity of the
document. |  | http://www.digapp.com |  | * Global Root * Root (Renewed Root) * Root 2 * Root 3 * Root 4 * Root 5 * CyberTrust Japan Root CA * CyberTrust Japan Secure Server CA         |  | 10/99           





---

Exhibits



SEPTEMBER 4, 2003



|                    |  |                                                                                                                                                                   |  |                          |  |                                                                                                                                                       |  |                 
|------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------ |  | ----------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------
|Eicon               |  | Eicons Aviva for Java is a true thin-client, browser-based TN3270E emulator providing full-function and secure SNA host access. http://www.eicon.com/avivajav/ |  | http://www.eicon.com     |  | * Global Root * Renewed GTE Root                                                                                                                      |  | 9/99            
|                    |  |                                                                                                                                                                   |  |                         
|Ericsson            |  | WAP Phones                                                                                                                                                        |  | http://www.ericsson.com  |  | WAP Root WAP Root and Baltimore CyberTrust Mobile Root                                                                                                |  | 8/2000  12/2000 
|                    |  |                                                                                                                                                                   |  |                         
|Hewlett Packard     |  | Java development kits Java 1.4.1-2 for Tru64 UNIX, Java 1.4.1-1 for OpenVMS                                                                                       |  | http://www.hp.com        |  | TBS                                                                                                                                                   |  | 7/2003          
|                    |  |                                                                                                                                                                   |  |                         
|Intel               |  | Internet Applianced, Java based browser from SBL, in hardware with Intel brandname                                                                                |  | www.intel.com            |  | All 6 New Roots *GTE CT Root *GTE CT Global Root *GTE CT Root 5 *Baltimore CT Root *Baltimore CT Code Signing Root *Baltimore
CT Mobile Root        |  | 7/2000          
|                    |  |                                                                                                                                                                   |  |                         
|J-Phone / Vodaphone |  | Cell phones  J-SH51, J-K51series and after                                                                                                                       |  | http://www.j-phone.com   |  | TBS                                                                                                                                                   |  | 1/2002          
|                    |  |                                                                                                                                                                   |  |                         
|Lotus               |  | Lotus Notes 5.0 Domino 5.0 Shipped in March Currently on 5.02a as of 12/1/99                                                                                      |  | http://www.lotus.com     |  | * Global Root * Root (Renewed Root) * Root 2 * Root 3 * Root 4 * Root 5 Baltimore CT Root Baltimore CT Code Signing Root Baltimore CT Mobile Root     |  | 2/99      8/2000
|                    |  |                                                                                                                                                                   |  |                         
|Microsoft           |  | Internet Explorer 5.0 + Mobile Explorer Product                                                                                                                   |  | http://www.microsoft.com |  | * Global Root * Renewed GTE Root *Baltimore CT Root *Baltimore CT Code Signing Root *Baltimore CT Mobile Root in both formats * GTE CyberTrust Root 5 |  | 9/98  7/2000    





---

Exhibits



SEPTEMBER 4, 2003



|           |  |                                                                                                                                                                     |  |                                                                                       |  |                                                                                                                                                                                                                     |  |                    
|---------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------
|Motorola   |  | WAP Phones                                                                                                                                                          |  | www.motorola.com                                                                      |  | Baltimore CyberTrust Mobile Root WAP Root                                                                                                                                                                           |  | 12/2000            
|           |  |                                                                                                                                                                     |  |                                                                                      
|Netscape   |  | Netscape Communicator 4.5 +                                                                                                                                         |  | http://www.netscape.com                                                               |  | * Global Root * Root (Renewed Root) * Root 2 * Root 3 * Root 4 * Root 5 * CyberTrust Japan Root CA * CyberTrust Japan Secure Server CA *Baltimore CT Root *Baltimore CT Code Signing Root *Baltimore CT Mobile Root |  | 8/98         7/2000
|           |  |                                                                                                                                                                     |  |                                                                                      
|Nokia      |  | WAP Phones                                                                                                                                                          |  | www.nokia.com                                                                         |  | Baltimore CyberTrust Mobile Root WAP Root Baltimore CyberTrust Root GTE CyberTrust Root                                                                                                                             |  | 1/2001             
|           |  |                                                                                                                                                                     |  |                                                                                      
|NTT DoCoMo |  | Cell phones  503i, 211i, 671i, 692i series and after; FOMA 2001 series and after                                                                                   |  | http://www.nttdocomo.com                                                              |  | TBS                                                                                                                                                                                                                 |  | 1/2001             
|           |  |                                                                                                                                                                     |  |                                                                                      
|Opera      |  | Web Browser Build 789 of Opera 4.10                                                                                                                                 |  | Makes Web Browsers fordifferent systems, i.e. pc,mac, linux, beoshttp://www.opera.com |  | * Global Root * Root (Renewed Root) * Root 5 *Baltimore CT Root *Baltimore CT Code Signing Root *Baltimore CT Mobile Root                                                                                           |  | 9/2000             
|           |  |                                                                                                                                                                     |  |                                                                                      
|Oracle     |  | Products that use the Oracle Wallet Manager including:  Oracle
Internet Directory  Oracle Advanced Security  Oracle Application
Server  Oracle Developer Server |  | http://www.oracle.com                                                                 |  | * Global Root * Root (Renewed Root) * Root 2 * Root 3 * Root 4 * Root 5 * Baltimore CT Root * BT CT Code Signing Root * BT CT Mobile Root                                                                           |  | 8/99      7/2000   





---

Exhibits



SEPTEMBER 4, 2003



|          |  |                                                                                                     |  |               |  |          |  |       
|--------- |  | --------------------------------------------------------------------------------------------------- |  | ------------- |  | -------- |  | ------
|Phone.com |  | Web browser for WAP phones Openwave Mobile Browser 6.2.0 and
6.2.1 Openwave Universal Edition 1.0.9 |  | www.phone.com |  | WAP Root |  | 8/2000
|          |  |                                                                                                     |  |              
|Sun       |  | Java Runtime Environment (JRE) 1.4.1                                                                |  | www.sun.com   |  | TBS      |  | TBS   





---

Exhibits



SEPTEMBER 4, 2003



Baltimore Roots



|                                          |  |                                                                                                              |  |            |  |                 |  |                |  |                                                                                   |  |                                                         
|----------------------------------------- |  | ------------------------------------------------------------------------------------------------------------ |  | ---------- |  | --------------- |  | -------------- |  | --------------------------------------------------------------------------------- |  | --------------------------------------------------------
|Root Name                                 |  | Key Length / VersionNumber                                                                                   |  | Expires on |  | NetscapeBrowser |  | IEBrowser      |  | Application Netscape                                                              |  | Application Internet Explorer                           
|                                         
|GTE CyberTrust Root (Renewed)             |  | Same as the current GTE root certificate except for ending validity period and serial number, PKIX Version 1 |  | 02/23/2006 |  | 4.5 andgreater  |  | 5.0 andgreater |  | Certifying network sites, Certifying e-mail users, Certifying software developers |  | Secure Email, ClientAuthentication, ServerAuthentication
|                                          |  |                                                                                                              |  |            |  |                
|Baltimore CyberTrust Code Signing Root    |  | New unique 2048 bit keys, PKIX Version 3.                                                                    |  | 5/17/2025  |  | 6.0             |  | N/A            |  | Identify software Makers                                                          |  | N/A                                                     
|                                          |  |                                                                                                              |  |            |  |                
|Baltimore CyberTrust Mobile Commerce Root |  | New unique 1024 bit keys, PKIX Version 3.                                                                    |  | 5/12/2020  |  | 6.0             |  | N/A            |  | Identify Web Sites, Identify Mail Users                                           |  | N/A                                                     
|                                          |  |                                                                                                              |  |            |  |                
|Baltimore CyberTrust Root                 |  | New unique 2048 bit keys, PKIX Version 3.                                                                    |  | 5/12/2025  |  | 6.0             |  | N/A            |  | Identify Web Sites, Identify Mail Users                                           |  | N/A                                                     
|                                          |  |                                                                                                              |  |            |  |                
|GTE CyberTrust Root 5                     |  | New unique 2048 bit keys, PKIX Version 3                                                                     |  | 08/14/2013 |  | 4.5 andgreater  |  | N/A            |  | Certifying network sites, Certifying e-mail users, Certifying software developers |  | N/A                                                     
|                                          |  |                                                                                                              |  |            |  |                
|GTE CyberTrust Global Root                |  | New 1024 bit key, PKIX Version 1.                                                                            |  | 01/12/2018 |  | 4.5 andgreater  |  | 5.0 andgreater |  | Certifying network sites, Certifying e-mail users, Certifying software developers |  | Secure Email                                            
|                                          |  |                                                                                                              |  |            |  |                
|GTE CyberTrust Root 2                     |  | New unique 1024 bit keys, PKIX Version 1.                                                                    |  | 08/11/2008 |  | 4.5 andgreater  |  | N/A            |  | Certifying network sites, Certifying e-mail users, Certifying software developers |  | N/A                                                     
|                                          |  |                                                                                                              |  |            |  |                
|GTE CyberTrust Root 3                     |  | New unique 1024 bit keys, PKIX Version 1.                                                                    |  | 08/10/2008 |  | 4.5 andgreater  |  | N/A            |  | Certifying network sites, Certifying e-mail users, Certifying software developers |  | N/A                                                     
|                                          |  |                                                                                                              |  |            |  |                
|GTE CyberTrust Root 4                     |  | New unique 2048 bit keys, PKIX Version 1.                                                                    |  | 08/13/2013 |  | 4.5 andgreater  |  | N/A            |  | Certifying network sites, Certifying e-mail users, Certifying software developers |  | N/A                                                     





---

Exhibits



SEPTEMBER 4, 2003



Schedule 1

Included Equipment



|          |  |                     |  |             |  |         |  |           |  |        |  |             |  |                              |  |           
|--------- |  | ------------------- |  | ----------- |  | ------- |  | --------- |  | ------ |  | ----------- |  | ---------------------------- |  | ----------
|Asset Tag |  | Location /Assign to |  | Dept        |  | Vendor  |  | Category  |  | Model  |  | Description |  | Comments                    
|         
|BT-       |  | 000000              |  | Dublin      |  | Hosting |  | Sun       |  | Server |  | Ultra10     |  | 847720798 OmniRoot DR system |  | OmniRoot  
|BT-       |  | 001338              |  | online room |  | Hosting |  | sun       |  | tape   |  | dlt         |  | 847c0206                     |  | SureServer
|BT-       |  | 001339              |  | online room |  | Hosting |  | sun       |  | server |  | ultra2      |  | 849f2860                     |  | SureServer
|BT-       |  | 001340              |  | online room |  | Hosting |  | mosler    |  | safe   |  | safe        |  | 901973f                      |  | SureServer
|BT-       |  | 001341              |  | online room |  | Hosting |  | Chrysalis |  | ped    |  | lunaped     |  | 387                          |  | SureServer
|BT-       |  | 001342              |  | online room |  | Hosting |  | clariion  |  | disk   |  | array       |  | 9739036                      |  | SureServer
|BT-       |  | 001375              |  | online room |  | Hosting |  | sun       |  | server |  | ultra2      |  | 849f286b                     |  | SureServer
|BT        |  | 00656               |  |             |  |         |  | Compaq    |  |        |  |             |  | SP700, SN D849CCD60001       |  |           





---

Exhibits



SEPTEMBER 4, 2003



SCHEDULE 3(c)

NON
CONTRAVENTION



1  Netscape Communications Corporation Root
Certificate Authority Product Agreement, between Baltimore Technologies, Inc. and Netscape Communications Corporation, with an effective date of April 10, 2001



2  Root Key Certificate Agreement, dated as of January 7, 2000, by and between GTE CyberTrust Solutions Incorporated and Oracle Corporation



3  Baltimore Technologies Root Key Certificate Agreement, executed by Baltimore Technologies on
May 13, 2002, between Baltimore Technologies, Inc. and Sun Microsystems, Inc.



4 
OPENWAVE WTLS Root Certificate License Agreement, executed by Baltimore Technologies, Inc. on December 4, 2000, between Baltimore Technologies, Inc. and Openwave SYSTEMS Inc.



5  Netscape Communications Corporation Root Certificate Authority Product Agreement, between Netscape Communications Corporation and GTE
CyberTrust Solutions, Inc. effective March 6, 2000





---

Exhibits



SEPTEMBER 4, 2003



Schedule 3(h)

Financial Information





---

Exhibits



SEPTEMBER 4, 2003



SCHEDULE 3(I)

CUSTOMER
CONTRACTS



Root Agreements



1  Baltimore Technologies Root Key Certificate Agreement, dated July 21, 2000, between Baltimore
Technologies, Inc. and 3Com Corporation



2  Root Key Certificate Agreement, dated
as of August 27, 1999, between GTE CyberTrust Solutions Incorporated and Apple Computer, Inc.



3  Netscape Communications Corporation Root Certificate Authority Product Agreement, between Baltimore Technologies, Inc. and Netscape Communications Corporation, with an effective date of April 10, 2001



4  Root Key Certificate Agreement, executed August 20, 1998 by GTE CyberTrust Solutions
Incorporated, between GTE CyberTrust Solutions Incorporated and Bay Networks Inc.



5
 Commerce One  Baltimore Technologies Root Key Certificate Embedding Agreement, executed on December 27, 2000 by Baltimore Technologies, Inc., between Baltimore Technologies, Inc. and Commerce One, Inc.



6  Root Key Certificate Agreement, dated as of October 21, 1999, by and between GTE CyberTrust
Solutions Incorporated and Digital Applications, Inc.



7  Root Key Certificate
Agreement, dated as of September 1, 1999, by and between GTE CyberTrust Solutions Incorporated and Eicon Technology Corporation



8  Baltimore Technologies Root Key Certificate Agreement, dated September 25, 2000, between Baltimore Technologies, Inc. and Intel Corporation



9  Root Key Certificate Agreement, dated as of August 18, 2000, by and between Baltimore
Technologies, Inc., and Opera Software AS



10  Root Key Certificate Agreement,
dated as of January 7, 2000, by and between GTE CyberTrust Solutions Incorporated and Oracle Corporation



11  Root Key Certificate Agreement dated as of June 9, 1998, by and between GTE CyberTrust Solutions Incorporated and RSA Data Security, Inc.



12  Baltimore Technologies Root Key Certificate Agreement, executed by Baltimore Technologies on May 13, 2002, between Baltimore Technologies,
Inc. and Sun Microsystems, Inc.



13  OPENWAVE WTLS Root Certificate License
Agreement, executed by Baltimore Technologies, Inc. on December 4, 2000, between Baltimore Technologies, Inc. and Openwave SYSTEMS Inc.





---

Exhibits



SEPTEMBER 4, 2003



14  Memorandum, dated March 12, 2002, by and between Baltimore Technologies, Inc. and NTT DoCoMo Inc.



15  Root Key Certificate Agreement, dated November 15, 2000, by and between Baltimore Technologies, Inc. and NTT DoCoMo Inc.



16  First Addendum to Netscape Root Certificate Authority Product Agreement, dated June 2, 2003,
between America Online Inc. and Baltimore Technologies, Inc.



17 Netscape
Communications Corporation Root Certificate Authority Product Agreement, between Netscape Communications Corporation and GTE CyberTrust Solutions, Inc. effective March 6, 2000



18  Baltimore PKI World Progress Marketing Agreement, dated as of March 3, 1999, between Baltimore Technologies Limited and Netscape
Communications



19  Netscape Server Product Terms and Conditions



20  Master Agreement for CyberTrust Services (Domestic), dated as of September 30, 1999, between
GTE CyberTrust Solutions Incorporated and Adobe Systems Incorporated



21  Baltimore
Technologies Root Key Certificate Agreement, executed by Aplix Corporation on December 25, 2001, between Aplix Corporation and Baltimore Technologies, Inc.



Customer Contracts



1  Telecom Italia S.p.A. Agreements



Agreement for Baltimore
OmniRoot CA Certificate (Domestic) Baltimore Technologies Ltd., dated as of November 15, 2002, between Saritel S.p.A and Baltimore Technologies Ltd.



Amendment No. 1 to the Product License Agreement dated January 1998, executed by GTE CyberTrust Solutions Incorporated on February 13, 1998, by and between GTE CyberTrust Solutions
Incorporated and Telecom Italia S.p.A.



Amendment No. 2 to the Product License Agreement
dated January 1998, executed by GTE CyberTrust Solutions Incorporated on June 30, 1998, by and between GTE CyberTrust Solutions Incorporated and Telecom Italia S.p.A.



Product License Agreement between Telecom Italia S.p.A. and GTE CyberTrust Solutions Incorporated dated February 13, 1998





---

Exhibits



SEPTEMBER 4, 2003



2  PosteCom S.p.A. Agreements



Professional Services Supply Agreement, executed by Baltimore Technologies Limited on January 17, 2001, between PosteCom S.p.A. and Baltimore Technologies Limited



Appendix 1-A to Professional Services Supply Agreement, executed by PosteCom S.p.A. on January 3, 2002,
between PosteCom S.p.A. and Baltimore Technologies, Inc.



Appendix 1-B to Professional
Services Supply Agreement, executed by PosteCom S.p.A. on December 19, 2002, between PosteCom S.p.A. and Baltimore Technologies, Inc.



License Agreement, executed by PosteCom S.p.A. on March 16, 2001, between Baltimore Technologies Ltd. and Postecom S.p.A.



Maintenance and Support Agreement, dated September 27, 1999, between PosteCom S.p.A. and Baltimore
Technologies Ltd.



Appendix 2 to Professional Services Supply Agreement, executed by
PosteCom S.p.A. on January 2, 2002, between PosteCom S.p.A. and Baltimore Technologies, Inc.



License Agreement between PosteCom S.p.A. and Baltimore Technologies, Inc., executed by Baltimore Technologies, Inc. on September 29, 1999



3  Baltimore Technologies Japan Co., Ltd. Agreements



Agreement for Baltimore OmniRoot CA Certificate, dated as of November 14, 2001, between Baltimore Technologies, Inc. and Baltimore Technologies Japan Co., Ltd.



4  Deutch Telekom AG Agreements



Agreement for CyberTrust Global Provider CA GTEI Internetworking Incorporated, CyberTrust Solutions Division, executed by Deutsche Telekom AG on April
30, 1999, between Deutsche Telekom AG and GTEI Internetworking Incorporated, CyberTrust Solutions Division



Amendment No. 1 to CyberTrust Global Provider CA
Agreement with Deutsche Telekom AG, executed by Deutsche Telekom AG on April 30, 1999, between Deutsche Telekom AG and GTE Internetworking Incorporated CyberTrust Solutions Division



Amendment No. 2 to CyberTrust Global Provider CA Agreement with Deutsche Telekom AG, executed by Deutsche Telekom AG on April 30, 1999, between Deutsche Telekom AG and GTE Internetworking Incorporated
CyberTrust Solutions Division



Amendment No. 3 to CyberTrust Global Provider CA Agreement with Deutsche Telekom AG, executed by Deutsche Telekom AG on January 31,
2000, between Deutsche Telekom AG and GTE Internetworking Incorporated CyberTrust Solutions Division





---

Exhibits



SEPTEMBER 4, 2003



Amendment No. 4 to CyberTrust Global Provider CA Agreement with Deutsche Telekom AG between Deutsche Telekom AG and GTE Internetworking Incorporated CyberTrust Solutions Division



5  Korea Information Certificate Authority (KICA) Agreements



Agreement for Baltimore Omniroot CA Certificate (Domestic) Baltimore Technologies, Inc., executed by Korea Information Certificate Authority (KICA) on
March 28, 2003 by Korea Information Certificate Authority (KICA), between Korea Information Certificate Authority (KICA) and Baltimore Technologies, Inc.



Agreement for Baltimore OmniRoot CA Certificate Baltimore Technologies Pty Ltd., executed by Korea Information Certificate Authority (KICA) on December 20, 2000, between Korea
Information Certificate Authority (KICA) and Baltimore Technologies, Inc.



OmniRoot CA
Certificate Addendum (Product Customers), executed by Korea Information Certificate Authority (KICA) on December 16, 2002, between Korea Information Certificate Authority (KICA) and Baltimore Technologies, Inc.



6  Taiwan-CA.com Inc. Agreements



OmniRoot CA Certificate Addendum (Product Customers), executed by Baltimore Technologies, Inc. on
January 28, 2003, between Taiwan-CA.com Inc. and Baltimore Technologies, Inc.



OmniRoot
CA Certificate Addendum (Product Customers), executed by Baltimore Technologies, Inc. on January 2, 2003, between Taiwan-CA.com Inc. and Baltimore Technologies, Inc.



Agreement for Baltimore OmniRoot CA Certificate Baltimore Technologies, Inc., dated as of March 16, 2001, between Baltimore Technologies, Inc. and
Taiwan-CA.com Inc.



7  Entrust, Inc.



Agreement for Cross Certificate(s) (Domestic) Baltimore Technologies, Inc., executed by Entrust, Inc.
on August 17, 2001, between Entrust, Inc. and Baltimore Technologies, Inc.



8 
Cable & Wireless Global Limited



Agreement, dated September 28, 2000, between
Baltimore Technologies Ltd. and Cable & Wireless Global Limited



Adoption Agreement,
dated April 26, 2001, between Baltimore Technologies Ltd. and Cable & Wireless Global Limited





---

Exhibits



SEPTEMBER 4, 2003



9  GeoTrust Agreements



License Agreement, dated December 12, 2002, between GeoTrust and Baltimore Technologies, Inc.



10  Tradelink Agreements



Maintenance and Support Agreement, executed by TradeLink Electronic Commerce Limited on February 26, 2002, between TradeLink Electronic Commerce Limited and Baltimore Technologies Pty Limited



Maintenance and Support Agreement, executed by TradeLink Electronic Commerce Limited on January 27,
2000, between TradeLink Electronic Commerce Limited and Baltimore Technologies Pty Limited



License Agreement, executed by TradeLink Electronic Commerce Limited on November 10, 2000, between TradeLink Electronic Commerce Limited and Baltimore Technologies Pty Limited



Maintenance and Support Agreement, executed by TradeLink Electronic Commerce Limited on June 28, 2002, between TradeLink Electronic Commerce Limited
and Baltimore Technologies Pty Limited



License Agreement, executed by TradeLink
Electronic Commerce Limited on June 28, 2002, between TradeLink Electronic Commerce Limited and Baltimore Technologies Pty Limited



11  Comodo Agreements



Agreement for Baltimore OmniRoot CA Certificate (EMEAI) Baltimore Technologies Ltd., dated as of August 2, 2002, between Baltimore Technologies Ltd. and Comodo



12  NTT DoCoMo Agreements



Baltimore Technologies Root Key Certificate Agreement, dated May 28, 2002, between Baltimore Technologies, Inc. and NTT DoCoMo, Inc.



13  Sun Agreements



Agreement for CyberTrust OmniRoot Certificate (Domestic) GTE CyberTrust Solutions Incorporated, executed by Sun Microsystems, Inc. on February 3,
2000, between Sun Microsystems, Inc. and GTE CyberTrust Solutions Incorporated



14 
TSI Verizon Agreements



OmniRoot CA Certificate Addendum (Service Customers),
executed by GTE Telecommunications Services Incorporated on September 26, 2000, between CyberTrust Solutions, Inc. and GTE Telecommunications Services Incorporated





---

Exhibits



SEPTEMBER 4, 2003



15  AOL Agreements



Agreement for Baltimore OmniRoot CA Certificate (Domestic) Baltimore Technologies, Inc., dated as of July 13, 2001, between America Online Incorporated and Baltimore Technologies, Inc.



16  Guidant Agreements



Agreement for Baltimore OmniRoot CA Certificate (Domestic) Baltimore Technologies, Inc., dated as of October 30, 2002, between Guidant Corporation and
Baltimore Technologies, Inc.



17  State of Georgia Agreements



Agreement for Baltimore OmniRoot CA Certificate (Domestic) Baltimore Technologies, Inc., dated as of
July 24, 2002, between the State of Georgia Department of Agriculture and Baltimore Technologies, Inc.



18  Wells Fargo Agreements



Master Software License
Agreement, dated as of June 27, 2000, by and between Baltimore Technologies Limited and Wells Fargo Services Company



Schedule 2, dated September 9, 2000, by and between Baltimore Technologies Limited and Wells Fargo Services Company



19  Akami Agreements



Master Services Agreement, dated as of October 10, 2002, between Baltimore Technologies, Inc. and Akami Technologies, Inc.



20  Microsoft Agreements



Agreement for Code Authentication/Signing Program Certificates by and between Microsoft Corporation and GTE Government Systems Corporation, Network
Systems Division, dated July 17, 1996



Strong Encryption Enabling Agreement, dated as of
April 27, 1999, by and between GTE CyberTrust Solutions, Inc. and Microsoft Corporation



Agreement for Baltimore OmniRoot CA Certificate (Domestic) Baltimore Technologies, Inc., dated as of February 6, 2003, between Baltimore Technologies, Inc. and Microsoft Corporation





---

Exhibits



SEPTEMBER 4, 2003



21  Diginotar Agreements



License Agreement, executed by Wells Fargo Service Company on May 27, 2001, by and between Baltimore Technologies Limited and Wells Fargo Service Company



Maintenance and Support Agreement, executed by Wells Fargo Service Company on June 27, 2001, by and between Baltimore Technologies Limited and Wells
Fargo Service Company



22  SOK Agreements



The SOK Agreement previously provided to the Buyer.



23  Multcert Agreements



The Multicert Agreement previously provided to the Buyer.



Baltimore CMS Related Agreements



1  License with Solaris for software running on Baltimore CMS related assets



2  License with Oracle for software running on Baltimore CMS related assets



Smartphone Related Agreements



1  License for Windows
2000 for software running on Smartphone related assets



2  License with Oracle for
software running on Smartphone related assets



Miscellaneous



1  Contract with Dunn & Bradstreet





---

Exhibits



SEPTEMBER 4, 2003



SCHEDULE 3(K)

LITIGATION