Document:

<PAGE>
                                                                 Exhibit 10.35.1

[LETTERHEAD APPEARS HERE]
*BANK OF SCOTLAND
CORPORATE BANKING                        Corporate Banking (Scotland)
                                         4th Floor
                                         New Uberior House
                                         11 Earl Grey Street
                                         Edinburgh
                                         EH3 9BN
<TABLE>
<CAPTION>
<S>                                       <C>
Strictly Private & Confidential          Telephone: Direct Line:  0131-559-0717
Vernon Brannon, Senior Vice President               Switchboard:  0131-442-7777
HLM Design Inc                                      Fax:          0131-859-0760
Suite 2950
121 West Trade Street                    Email:     chris_solley@bankofscotland.co.uk
Charlotte, NC 28202-5399                 Our Ref:   CORP/03
USA                                      Your ref:

</TABLE>
                                                               18 September 2002

Dear Vernon,

Re: Term Loan dated 15th February 2002 ("the Term Loan") between GA Design
International (Holdings) Limited ("Borrower") and Bank of Scotland ("BoS")

With reference to schedule 4 (Financial Covenants) of the Term Loan agreement.
The purpose of this letter is to confirm that BoS shall review the current suite
of covenants prior to 31st October 2002, and in the meantime, BoS will waive
the Borrowers obligation to comply with the Gearing (clause 1.1). Trade Debtor
Cover (1.2) and Consolidated Interest Cover (1.5) covenant tests, as at 31st
July 2002.

This waiver is for a period of one year and a day and only applies to the
financial covenants and test date noted above, and is provided on the basis that
the Borrower and BoS agree a revised suite of covenants prior to the 31st
October test.

All other rights are reserved under the facility letter as noted above.

I trust that this is in order.

Kind regards

/s/ Chris Solley

Chris Solley
Corporate Banking ManagerEXHIBIT 4.1

--------------------------------------------------------------------------------
             INCORPORATED UNDER THE LAWS OF THE STATE Of WASHINGTON
--------------------------------------------------------------------------------

--------------                                                    --------------
No.                                                                       Shares
--------------                                                    --------------

                             The State of Washington

                              Valemont Supply Limited

                One Million Shares Authorized, $0.0001 Par Value

This Certifies That SPECIMEN is the owner of       Shares of $0.0001 each of the
                    --------                -------

Capital Stock of Valemont Supply Limited transferable only on the books of the
Corporation by the holder hereof in person or by Attorney upon surrender of this
Certificate properly endorsed.

In Witness whereof, the said corporation has caused this Certificate to be
signed by its duly authorized officers, and to be sealed with the Seal of the
Corporation this      day of             At
                -----       ------------

[SEAL]

--------------------------                              ------------------------
President                                                Secretary

                                -----------------
                                SHARES $0.01 EACH
                                -----------------

<PAGE>
                                                                     EXHIBIT 4.1

                                   CERTIFICATE
                                       FOR
                                     SHARES

                                SEAL APPEARS HERE
                                     OF THE

                                  CAPITAL STOCK

                              VALEMONT SUPPLY LIMITED

                                    ISSUED TO

                        ---------------------------------
                                      DATED

                        ---------------------------------

     For Value Received        hereby sell, assign and transfer unto
                       -------                                       -----------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

------------------------------------------------------------------------- Shares

of the Capital Stock represented by the written Certificate and do hereby
irrevocably constitute and appoint
                                  ----------------------------------------------
to transfer the said Stock on the books of the within named corporation
with full power of substitution in the premises.

     Dated
           ---------------------------

           In presence of
                         -------------------------------------------

NOTICE. THE SIGNATURE OF THIS ASSIGNMENT MUST CORESPOND WITH THE NAME AS WRITTEN
ON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR WITH OUT ALTERATION AND
ENLARGEMENTS OR ANY CHANGE WHATEVER

     PLEASE  NOTE  THAT  ALL  CERTIFICATES  MUST  BE  LEGENDED  AS  FOLLOWS:

     The shares to be acquired upon exercise of these warrants have not been
     registered under the Securities Act of 1933, as amended, (the "Act") and
     may not be sold, transferred or otherwise disposed of by the holder, unless
     registered under, the Act or unless, in the opinion of council satisfactory
     to the issuer, the transfer qualifies for all exemption from or exemption
     to the registration provisions thereof.Exhibit 10.2

                          SHARE SUBSCRIPTION AGREEMENT
                          ----------------------------

TO:          VALEMONT SUPPLY LIMITED

ADDRESS:     Suite 504 - 455 Granville Street.
             Vancouver, B.C.
             Canada   V2C 6V7

     1.  Share Subscription.  The undersigned ("Subscriber") hereby agrees to
         ------------------

purchase eight million (8,000,000) shares of common stock, par value $0.0001, of
Valemont  Supply  Limited,  a  Washington  corporation  ("Company")  for a total
purchace  price  of  $46,000  ($.0058  per  share).

     2.  Issuer  Representations  and  Warranties.  Issuer hereby represents and
         ----------------------------------------
warrants  to  Subscriber  as  follows:

          2.1     Organization,  Good  Standing  and  Qualification.  The
                  -------------------------------------------------
Issuer  is  a  corporation duly organized, validly existing and in good standing
under  the  laws  of  the  State  of  Washington.

          2.2     Valid  Issuance of Common Stock.   The Common Stock, when
                  -------------------------------
issued  and  delivered in accordance with the terms hereof for the consideration
expressed  herein,  will  be  validly  issued  and  outstanding,  fully paid and
nonassessable.

          2.3     Reporting  Issuer.  The  Issuer will use its best efforts
                  -----------------
to  become  subject to the reporting requirements of the Securities Exchange Act
of  1934  (the  "34  Act").

          2.4     No Market Conditioning.  The Issuer undertook no activity
                  ----------------------
for the purpose of, or that could reasonably be expected to have the effect of,
conditioning the market in the United States for the Common Stock. The Issuer
did not place any advertisements in any publication referring to the offering of
the Common Stock for sale.

     3.     Subscriber  Representations  and  Warranties.  Subscriber hereby
            --------------------------------------------
represents  and  warrants  to  Issuer  as  follows:

          3.1     Authority  of  Subscriber.  The  Subscriber,  if  a
                  -------------------------
corporation,  partnership,  trust,  or  any  other entity than a natural person,
represents  that  the  subscription  of  the  Common  Stock  referred to in this
Agreement  does  not contravene its charter or other organizational documents or
the  laws  of  the country, state or province of its incorporation, formation or
organization  or  of  any  other  relevant  jurisdiction.  The  Subscriber  also
represents  that  it  has  the  necessary  authorizations  to  that  effect.

          3.2     Investment Experience.  The Subscriber has such knowledge
                  ---------------------
and  experience  in  financial  and  business  matters  that  it  is  capable of
evaluating  the  merits  and  risks  of the prospective investment in the Common
Stock,  which are substantial and has in fact evaluated such merits and risks in
making its investment decision to purchase the Common Stock.  The Subscriber, by
virtue  of its business and financial expertise, has the capacity to protect its
own  interest  in  connection  with this transaction, or has consulted with tax,
financial, legal or business advisors as to the appropriateness of an investment
in  the  Common Stock.  The Subscriber has not been organized for the purpose of
investing  in  the Common Stock, although such investment is consistent with its
purposes.

          3.3     Accredited Investor - The Subscriber is (check applicable
box):

                                        1
<PAGE>
                                                                    Exhibit 10.2

          (a)     [ ]    a bank as defined in Section 3(a)(2) of the
                         Securities Act of 1933, as amended (the "Act"), or a
                         savings and loan association or other institution as
                         defined in Section 3(a)(5)(A) of the Act acting in
                         either an individual or fiduciary capacity.

          (b)     [ ]    an insurance company as defined in Section 2(13) of
                         the Act.

          (c)     [ ]    an investment company registered under the Investment
                         Issuer Act of 1940 or a business development company as
                         defined in Section 2(a)(48) of that act.

          (d)     [ ]    a Small Business Investment Issuer licensed by the
                         U.S. Small Business Administration under Section 301(c)
                         or (d) of the Small Business Investment Act of 1958.

          (e)     [ ]    a plan established and maintained by a state, its
                         political subdivisions or any agency or instrumentality
                         of a state or its political subdivisions for the
                         benefit of its employees, if such plan has total assets
                         in excess of $5,000,000.

          (f)     [ ]    an employee benefit plan within the meaning of Title
                         1 of the Employee Retirement Income Security Act of
                         1974, and the investment decision is made by a plan
                         fiduciary, as defined in Section 3(21) of such Act,
                         which is either a bank, savings and loan association,
                         insurance company or registered investment advisor, or
                         an employee benefit plan having total assets in excess
                         of $5,000,000 or, if a self-directed plan, with
                         investment decisions made solely by persons who are
                         Accredited Investors.

          (g)     [ ]    a private business development company as defined in
                         Section 202(a(22) of the investment Advisors Act of
                         1940.

          (h)     [ ]    an organization described in Section 501(c)(3) of the
                         Internal Revenue Code of 1986, a corporation,
                         Massachusetts or similar business trust, or a
                         partnership not formed for the specific purpose of
                         acquiring the Common Stock, with total assets in excess
                         of $5,000,000.

          (i)     [ ]    any trust with total assets in excess of $5,000,000
                         not formed for the specific purpose of acquiring the
                         Common Stock, whose purchase is directed by a
                         sophisticated person who has such knowledge and
                         experience in financial and business matters that he is
                         capable of evaluating the merits and risks of the
                         prospective investment.

          (j)     [ ]    a broker or dealer registered pursuant to Section 15
                         of the Securities Exchange Act of 1934, as amended.

          (k)     [X]    an individual (See Section 3.4(a) below)

          (l)     [ ]    none of the above (See Section 3.4(b) below)

          3.4(a) Individual Subscriber.  If the Subscriber is an individual,
                 ---------------------
then the Subscriber (check an applicable box):

                                        2
<PAGE>
                                                                    Exhibit 10.2

                  [X]     is a director, executive officer or general partner of
                  the issuer of the Common Stock being offered or sold or a
                  director, executive officer or general partner of a general
                  partner of that issuer.

                  [ ]     has an individual net worth, or joint net worth with
                  that person's spouse, at the time of his purchase exceeding
                  $1,000,000.

                  [ ]     had an individual income in excess of $200,000 in each
                  of the two most recent years or joint income with that
                  person's spouse in excess of $300,000 in each of those years
                  and has a reasonable expectation of reaching the same income
                  level in the current year.

                  [ ]     none of the above.

                                                          (Initial)
                                            -------------

               3.4(b) If the Subscriber checked the box for "none of the above",
then the Subscriber is an entity each equity owner of which is an individual who
could check one of the first three boxes in section 3.4(a) above.

                                                          (Initial)
                                            -------------
               3.5     No Distributor, Dealer or Underwriter.  Subscriber is not
                       -------------------------------------
a distributor or dealer of the Common Stock.  Subscriber is not taking the
Common Stock with the intent to make a distribution of the Common Stock, as such
terms are defined in the Act and the '34 Act.  In any event, if Subscriber is
deemed to be the distributor of the Common Stock offered hereby, Subscriber will
act in accordance with applicable law.

               3.6     Investment Intent.  The Subscriber is acquiring the
                       -----------------
Common Stock for its own account and for investment purposes and not for sale or
with a view to distribution of all or any part of such Common Stock and has no
present plans to enter into any contract, undertaking, agreement or arrangement
for such resale or distribution.

               3.7     No Immediate Need for Liquidity.  The Subscriber
                       -------------------------------
understands that the Common Stock is a "restricted security" within the meaning
of the Act, and certificates representing the Common Stock are legended with
certain restrictions on the resale of the Common Stock and the Common Stock may
not be resold without a valid exemption from registration under the Act, or
until a registration statement is filed with respect thereto under the Act.
There can be no assurance that upon registration of the Common Stock pursuant to
the Act, that a market for the Common Stock will exist on an exchange or market
or quotation system. Accordingly, the Subscriber is aware that there are legal
and practical limits on the Subscriber's ability to sell or dispose of the
Common Stock, and, therefore that the Subscriber must bear the economic risk of
the investment for an indefinite period of time.  The Subscriber has adequate
means of providing for the Subscriber's current needs and possible personal
contingencies and has need for only limited liquidity of this investment.  The
Subscriber's commitment to illiquid investments is reasonable in relation to the
Subscriber's net worth. The Subscriber is capable of bearing the high degree of
economic risks and burdens of this investment, including but not limited to the
possibility of complete loss of all its investment capital and the lack of a
liquid market, such that it may not be able to liquidate readily the investment
whenever desired or at the then current asking price.

               3.8     Exempt Subscription.  The Subscriber understands that the
                       -------------------
Common Stock is being offered and sold in reliance on specific exemptions from
the registration requirements of U.S. federal and state law and that the
representations, warranties, agreements, acknowledgments and understandings set
forth herein are being relied upon by the Issuer in determining the
applicability of such exemptions and the suitability of the Subscriber to
acquire such Common Stock.

                                        3
<PAGE>
                                                                    Exhibit 10.2

          3.9     Authority of Signatory.  The Subscriber has full power
                  ----------------------
and authority to execute and deliver this Agreement and each other document
included herein as an exhibit to this Agreement for which signature is required,
and the person executing this Agreement on behalf of the subscribing individual,
partnership, trust, estate, corporation or other entity executing this Agreement
is a duly authorized signatory.  If the signatory of this Agreement on behalf of
the Subscriber is not the Subscriber or an authorized officer or partner of the
Subscriber, the signatory represents and warrants to the Issuer that the
signatory is a professional fiduciary of the Subscriber, acting solely in its
capacity as holder of such account, as a fiduciary, executor or trustee.

          3.10.     Private Transaction.  At no time was the Subscriber
                    -------------------
presented with or solicited by any leaflet, public promotional meeting,
circular, newspaper or magazine article, radio or television advertisement or
any other form of general advertising.

          3.11.     Citizenship. The Subscriber hereby certifies that:
                    -----------

                    (a)     neither it nor its beneficial owner[s], as
determined pursuant to Rule 13d-3 under the '34 Act, was a citizen of the United
States at the time it received the offer to purchase the Common Stock, or at the
closing of the purchase of the Common Stock;

                    (b)     it was not in the United States at the time its buy
order was originated; and

                    (c)     it did not acquire the Common Stock for the account
or benefit of any U.S. person.

          3.12     Reliance on Own Advisors.  The Subscriber has relied
                   ------------------------
completely on the advice of, or has consulted with, his own personal tax,
investment, legal or other advisors and has not relied on the Issuer or any of
its affiliates, officers, directors, attorneys, accountants or any affiliates of
any thereof and each other person, if any, who controls any thereof, within the
meaning of Section 15 of the Act, except to the extent such advisors shall be
deemed to be as such.

     4.     Subscriber' Covenants and Acknowledgments. Subscribers make the
            -----------------------------------------
following covenants and acknowledgments

          4.1  Covenants of Subscriber.  Subscriber shall not make any
               -----------------------
sale, transfer or other disposition of the Common Stock in violation of the Act
or the '34 Act, or any other applicable securities laws, or the rules and
regulations of the U.S. Securities and Exchange commission or of any securities
authority of any jurisdiction in which the sale, transfer or disposition of all
or any portion of the Common Stock unless and until (i) there is then in effect
a Registration Statement under the Act covering such proposed sale, transfer or
disposition and such disposition is made in accordance with such Registration
Statement; or (ii) the sale, transfer or disposition is made pursuant to a valid
exemption from the registration and prospectus delivery requirements of
applicable securities laws.

          4.2  Acknowledgments of Subscriber.  Subscriber acknowledges
               -----------------------------
and understands as follows:

               4.2.1     Risks of Investment.  The Subscriber recognizes
                         -------------------
that investment in the Issuer involves certain risks, including the potential
loss of the Subscriber's investment herein, and the Subscriber has taken full
cognizance of and understands all of the risk factors related to the purchase of
the Common Stock.

               4.2.2     No Government Approval.   No federal or state
                         ----------------------
agency has passed upon the Common Stock or made any finding or determination as
to the fairness of this transaction.

               4.2.3     Price.  The Price of the Common Stock was
                         -----
determined by the Issuer and bears no relationship to the Issuer's assets, book
value or results of operation.

                                        4
<PAGE>
                                                                    Exhibit 10.2

               4.2.4     No Registration.  The Common Stock and any
                         ---------------
component thereof has not been registered under the Act or any securities laws
of any other jurisdiction by reason of exemptions from the registration
requirements of the Act and such laws, and may not be sold, pledged, assigned or
otherwise disposed of in the absence of an effective registration statement for
the Common Stock and any component thereof under the Act or unless an exemption
from such registration is available.

               4.2.5     No Assurances of Registration. There can be no
                         -----------------------------
absolute assurance that any registration statement will be filed with respect to
the Common Stock or the Common Stock underlying the Common Stock, or if filed,
that such registration statement will become effective. Therefore, unless an
exemption from the registration requirements under applicable law is available,
the Subscriber may be required to bear the economic risk of the Subscriber's
investment for an indefinite period of time.

               4.2.6     Legends.  The certificates representing the Common
                         -------
Stock shall bear the following legend:

               THIS SECURITY HAS NOT BEEN REGISTERED WITH THE U.S. SECURITIES
               AND EXCHANGE COMMISSION UNDER THE U.S. SECURITIES ACT OF 1933, AS
               AMENDED (THE "ACT") OR ANY OTHER SECURITIES AUTHORITIES. IT IS
               BEING OFFERED PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER
               REGULATIONS PROMULGATED UNDER THE ACT. IT MAY NOT BE SOLD OR
               TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
               STATEMENT OR AN EXEMPTION TO THE REGISTRATION REQUIREMENTS OF
               THOSE SECURITIES LAWS.

The Issuer may in its sole discretion place a "Blue Sky" legend on the
certificates in accordance with U.S. State securities laws or as required by
applicable securities laws.

     5.     Regulation S.  Issuer and Subscriber agree that Issuer, through
            ------------
its transfer agent, shall refuse to register any transfer or attempted transfer
of the Common Stock not made in accordance with the provisions of Regulation S
of the Securities Act of 1933 (the "Act"), pursuant to registration under the
Act, or pursuant to an available exemption from registration.  The Subscriber
agrees to resell the Common Stock only in accordance with the provisions of
Regulation S of the Act, pursuant to registration under the Act, or pursuant to
an available exemption from registration; and agrees not to engage in hedging
transactions with regard to the Common Stock unless in compliance with the Act.

     6.     Notices.  Any notice required or permitted to be given under
            -------
this Subscription shall be deemed to have been given when sent by registered or
certified mail, postage prepaid, addressed to the person to receive notice at
the last address available in the records of the Company.

     7.     Heirs and Successors Bound.  Subscriber may not cancel,
            --------------------------
terminate or revoke this Subscription.  Subscriber executes this Subscription on
behalf of Subscriber, Subscriber's spouse and the marital community composed of
them.  This Subscription shall bind and inure to the benefit of Subscriber's
heirs, personal representatives and successors.

     8.     Assignments.  Subscriber may not assign or delegate any right
            -----------
or duty under this Subscription without the written consent of the Company.

     9.     Applicable Law And Jurisdiction.
            -------------------------------

                                        5
<PAGE>
                                                                    Exhibit 10.2

          9.1     This Agreement shall be governed by and construed in
accordance with the laws of the State of Washington, without regard to conflicts
of law principles.

          9.2     In the event of any dispute, controversy, claim or difference
that should arise between the parties out of or relating to or in connection
with this Agreement or the breach thereof, the parties shall endeavor to settle
such conflicts amicably among themselves. Should they fail to do so, the matter
in dispute shall be settled by arbitration pursuant to the provisions of R.C.W.
7.04. Procedurally, the arbitration will be conducted in conformity with
Washington Mandatory Arbitration Rules 5.1 - 5.4. The parties shall select a
single arbitrator within ten (10) days of the receipt of demand for arbitration.
If the parties fail to appoint an arbitrator within the ten (10) day period, any
party may make immediate application to the King County Superior Court for the
appointment of an arbitrator. The arbitration hearing shall take place in
Seattle, Washington, and shall commence within sixty (60) days of the
appointment of an arbitrator. Any party which is determined in such arbitration
to be the prevailing party shall be entitled to have its attorneys' fees and
costs paid by the non-prevailing party.

     IN WITNESS WHEREOF, the undersigned Subscriber has executed this Share
Subscription Agreement this 25th day of June 2001.

                                        SUBSCRIBER:
                                        ----------

                                        /s/  A. E. Daem
                                        ---------------
                                        A.E. Daem

                                   ACCEPTANCE

     The foregoing subscription agreement and the consideration reflected
     therein are hereby accepted.

     DATED this 25th day of June 2001.

                                        /s/  A. E. Daem
                                        --------------------
                                        A.E. Daem, President

                                        6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}]]