Document:

DATED
                  April 4, 2008

              
	 
	
                (1)
                  BARRY HATCH and IAN STEWART

                 

                (2)
                  GREEN SCREEN INTERACTIVE SOFTWARE LLC

              
	
                 

                  

                

                 

                AGREEMENT

                relating
                  to the sale and purchase of 

                the
                  entire issued share capital of 

                Zoo
                  Digital Publishing Limited

                 

                
                  

                

                 

              
	
                HARBOTTLE
                  & LEWIS LLP

                Hanover
                  House

                14
                  Hanover Square

                London
                  W1S 1HP

              

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

      TABLE
        OF CONTENTS

      

        
          	
                  1.

                	
                  Definitions
                    and Interpretation

                	 	
                  1

                
	 	 	 	 
	
                  2.

                	
                  Sale
                    and Purchase of the Sale Shares

                	 	
                  9

                
	 	 	 	 
	
                  3.

                	
                  Consideration

                	 	
                  9

                
	 	 	 	 
	
                  4.

                	
                  Net
                    Working Capital Determination

                	 	
                  10

                
	 	 	 	 
	
                  5.

                	
                  Prior
                    to Completion

                	 	
                  12

                
	 	 	 	 
	
                  6.

                	
                  Completion

                	 	
                  13

                
	 	 	 	 
	
                  7.

                	
                  Warranties

                	 	
                  15

                
	 	 	 	 
	
                  8.

                	
                  Indemnities

                	 	
                  16

                
	 	 	 	 
	
                  9.

                	
                  Set
                    Off

                	 	
                  16

                
	 	 	 	 
	
                  10.

                	
                  Restrictive
                    Covenants

                	 	
                  18

                
	 	 	 	 
	
                  11.

                	
                  Confidential
                    Information

                	 	
                  19

                
	 	 	 	 
	
                  12.

                	
                  Notices

                	 	
                  20

                
	 	 	 	 
	
                  13.

                	
                  Business
                    Information

                	 	
                  21

                
	 	 	 	 
	
                  14.

                	
                  General

                	 	
                  21

                
	 	 	 	 
	
                  15.

                	
                  Tax
                    on Warranty Payments

                	 	
                  22

                
	 	 	 	 
	
                  16.

                	
                  Costs
                    and Expenses

                	 	
                  23

                

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      THIS
        AGREEMENT
        is made
        on the   4th          day of
  April,    2008.

       

      BETWEEN:

       

      
        	
                (1)

              	
                BARRY
                  HATCH of
                  37 Twentywell View, Bradway, Sheffield, South Yorkshire S17 4PX
                  (“Mr
                  Hatch”);
                  and 

              

      

       

      IAN
        CLIFFORD STEWART of
        Osborn
        House, Padley Hill, Grindleford, Hope Valley, Derbyshire S32 2HQ (“Mr
        Stewart”)

       

      (together,
        the “Sellers”
        and
        each
        a“Seller”);
        and

       

      
        	
                (2)

              	
                GREEN
                  SCREEN INTERACTIVE SOFTWARE LLC
                  of
                  575 Broadway NY, New York 10012 (the “Buyer”).

              

      

       

      WHEREAS

       

      
        	
                (A)

              	
                Zoo
                  Digital Publishing Limited (the “Company”)
                  is a limited liability company with registered number 5701472 which
                  was
                  incorporated in England and Wales on 7 February 2006. The Company
                  has an
                  authorised share capital of 100 Ordinary Shares of £1 each of which
                  100 have been issued and are fully paid. Further details of the
                  Company
                  are set out in Part 1 of Schedule 1 of this
                  Agreement.

              

      

       

      
        	
                (B)

              	
                The
                  Sellers are the sole legal and beneficial owners of the entire
                  issued
                  share capital of the Company. 

              

      

       

      
        	
                (C)

              	
                The
                  Sellers have agreed to sell and the Buyer has agreed to purchase
                  the
                  entire issued share capital of the Company (the “Sale
                  Shares”)
                  on the terms and conditions set out in this Agreement.
                  

              

      

       

      NOW
        IT IS AGREED
        as
        follows:

       

      
        	
                1.

              	
                Definitions
                  and Interpretation

              

      

       

      
        
          
            	1.1	
                    In
                      this Agreement the following words and expressions shall have
                      the
                      following meanings:

                  

          

        

      

       

      
        	
                “Acts”

              	 	
                means
                  the Companies Act 1985 and the Companies Act 2006 together, as in
                  force from time to time;

              
	 	 	 
	
                “Accounts”

              	 	
                means
                  the unaudited abbreviated accounts of the Company for the financial
                  year
                  ended on the Accounts Date including all documents required by
                  law to be
                  annexed to them;

              
	 	 	 
	
                “Accounts
                  Date”

              	 	
                means
                  31 March 2007;

              
	 	 	 
	
                “Auditors”

              	 	
                means
                  PKF (UK) LLP who shall be appointed as auditors of the Company
                  at
                  Completion;

              

      

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      
        	
                “Bad
                  Leaver”

              	 	
                means
                  a Seller ceasing to be employed by the Company to perform the duties
                  referred to in his Service Agreement as a result of: (a) the resignation
                  of a Seller (other than a Seller resigning as a result of his ill
                  health
                  provided that the Buyer is reasonably satisfied that such ill health
                  will
                  render such Seller incapable of performing the duties referred
                  to in his
                  Service Agreement); or (b) termination of the Service Agreement
                  by the
                  Company as a result of conviction (or pleading guilty) of a Seller of
                  any crime or offence involving money or fraud or other property
                  of the
                  Company or of any criminal offence other than a motoring offence;
                  or (c)
                  for any reason where such Seller is in breach of his obligations
                  pursuant
                  to clause 10.1 of this Agreement; or (d) a material breach by a
                  Seller of
                  a material term, covenant or condition of this Agreement or his
                  Service
                  Agreement which, if capable of remedy, has not been remedied to
                  the
                  reasonable satisfaction of the Buyer within twenty-one days of
                  written
                  notice specifying such breach having been delivered by or on behalf
                  of the
                  Buyer to the relevant Seller; or (e) a Seller’s dishonesty or gross
                  negligence; or (f) a material breach by a Seller of any material
                  obligation to the Company including, without limitation, a breach
                  of a
                  fiduciary duty to the Company; or (g) misappropriation of any material
                  asset or material opportunity of the Company by or on behalf of
                  a
                  Seller;

              
	 	 	 
	
                “Bank
                  of Scotland”

              	 	
                means
                  the Governor and Company of the Bank of Scotland;

              
	 	 	 
	
                “Business
                  Day”

              	 	
                means
                  a day (other than a Saturday or Sunday) on which banks are open
                  for
                  business in the City of London;

              
	 	 	 
	
                “Business
                  Intellectual Property”

              	 	
                shall
                  have the meaning given to that phrase in Paragraph 16.1 of Schedule
                  2;

              
	 	 	 
	
                “Buyer’s
                  Group”

              	 	
                any
                  of the following from time to time: the Buyer, its subsidiaries
                  and
                  subsidiary undertakings (including the Company) and any holding
                  company or
                  parent undertaking of the Buyer and all other subsidiaries and
                  subsidiary
                  undertakings of any holding company or parent undertaking of the
                  Buyer and
                  “member
                  of the Buyer’s Group”
                  will be construed accordingly;

              
	 	 	 
	
                “Buyer’s
                  Operating Agreement”

                  

                “Buyer’s
                  Solicitors”

              	 	
                means
                  the shareholders agreement relating to the Buyer;

                 

                means
                  Harbottle & Lewis LLP of Hanover House, 14 Hanover Square, London
                  W1S 1HP;

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
        	
                “Buyer’s
                  Solicitors Bank Account”

              	 	
                means
                  the client account of the Buyer’s Solicitors being that held with NatWest
                  Bank, North Audley Street, London W1A 2DG, Account Number 12465186,
                  Sort
                  Code 50-41-06;

              
	 	 	 
	
                “Cash
                  Consideration”

              	 	
                means
                  the consideration of USD $1,000,000 (subject to deduction in accordance
                  with Clause 3.3) to be paid in cash by the Buyer to the Sellers
                  on 30
                  April 2008 subject to Clause 5.6;

              
	 	 	 
	
                “Claim”

              	 	
                means
                  a claim by the Buyer against the Sellers for a breach of a Warranty
                  or
                  pursuant to the Tax Covenant;

              
	 	 	 
	
                “Completion”

              	 	
                means
                  the completion of the performance by the parties of their respective
                  obligations set out in Clause 6;

              
	 	 	 
	
                “Confidential
                  Information”

              	 	
                means
                  all information (whether oral or written) acquired by a party (whether
                  before or after the date of this Agreement and whether directly
                  or
                  indirectly) as a result of negotiating, entering into or performing
                  this
                  Agreement which relates to (a) in the case of information acquired
                  by the
                  Buyer, the affairs or business of the Sellers which is not related
                  to the
                  affairs or businesses of the Company or its products, operations
                  or
                  Know-How; and (b) in the case of information acquired by the Sellers,
                  the
                  affairs or business of the Buyer;

              
	 	 	 
	
                “Consideration”

              	 	
                shall
                  have the meaning given to that phrase in Clause 3;

              
	 	 	 
	
                “Consideration
                  Shares”

              	 	
                means
                  225,000 common units of the Buyer to be issued to the Sellers on
                  Completion;

              
	 	 	 
	
                “Current
                  Assets”

              	 	
                means
                  the following assets of the Company:

                 

                (a)       
                  cash;

                 

                (b)       
                  marketable
                  securities;

                 

                (c)       
                  trade
                  debtors;

                 

                (d)       
                  current
                  prepayments; and 

                 

                (e)        stock;

              

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      
        	
                “Current
                  Liabilities”

              	 	
                means
                  the following liabilities of the Company:

                 

                (a)      
                    trade
                  creditors;

                 

                (b)    
                      accrued
                  expenses;

                 

                (c)        amounts
                  outstanding pursuant to the Company’s overdraft facility with Bank of
                  Scotland; and

                 

                (d)    
                      amounts
                  due from the Company pursuant to the invoice discounting facility
                  with
                  Bank of Scotland;

              
	 	 	 
	
                “Data
                  Protection Legislation”

              	 	
                shall
                  have the meaning given to that phrase in Paragraph 17.1(e) of
                  Schedule 2;

              
	 	 	 
	
                “Deferred
                  Payments”

              	 	
                means
                  any Earn-out Payment and the Third Anniversary Payment;

              
	 	 	 
	
                “Directors
                  Personal Guarantees”

              	 	
                means
                  the personal guarantees of the obligations of the Company given
                  to the
                  Bank of Scotland by Mr Stewart;

              
	 	 	 
	
                “Director’s
                  Loan”

              	 	
                means
                  the sum of £324,950 which is, at Completion, owed by the Company to the
                  Trust; 

              
	 	 	 
	
                “Disclosed”

              	 	
                means
                  fairly disclosed to the Buyer in the Disclosure Letter in sufficient
                  detail to enable the Buyer to assess the impact of the relevant
                  fact,
                  matter or circumstance being disclosed;

              
	 	 	 
	
                “Disclosure
                  Letter”

              	 	
                means
                  the letter of today’s date from the Sellers to the Buyer (together with
                  any attachments) disclosing information relating to the
                  Warranties;

              
	 	 	 
	
                “Due
                  Proportion”

              	 	
                means
                  the proportion’s shown in Part 2 of Schedule 1 being the respective
                  proportions in which the Sale Shares are held by the
                  Sellers;

              
	 	 	 
	
                “Earn
                  Out Payment”

              	 	
                means
                  any payment made by the Buyer to the Sellers in Due Proportion
                  in
                  accordance with Clause 3.6 and Schedule 3;

              
	 	 	 
	
                “Encumbrance”

                 

              	 	
                means
                  any claim, charge, mortgage, security, lien, option, equity, power
                  of
                  sale, hypothecation or other third party rights, retention of title,
                  right
                  of pre-emption, right of first refusal or security interest of
                  any kind;
                  

              
	 	 	 
	
                “Financial
                  Year”

              	 	
                in
                  relation to a company, has the meaning given in section 223 of
                  the
                  Companies Act 1985;

              

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      
        	
                “Games”

              	 	
                means
                  the games listed in Schedule 5 and all other video, mobile and
                  computer
                  games and all other interactive entertainment software products
                  made in
                  whole or part by, for and on behalf of, the Company or otherwise
                  assigned
                  to the Company or in respect of which the Company has
                  rights;

              
	 	 	 
	
                “Initial
                  Consideration”

              	 	
                means
                  the Cash Consideration, the Loan Notes and the Consideration
                  Shares;

              
	 	 	 
	
                “Intellectual
                  Property”

              	 	
                means
                  any and all intellectual property rights or analogous intangible
                  rights
                  including all patents, trade marks, service marks, business names,
                  trade
                  names, domain names, logos and get-up, emblems, registered designs,
                  unregistered designs, copyright, rights relating to layout, design
                  graphics, and text, rights relating to look and feel and formulas
                  and
                  rights to any underlying source code and object code, all database
                  rights,
                  software programmes and source codes, and other forms of intellectual
                  or
                  industrial property (whether or not registered or registerable
                  and for the
                  full period thereof and all extensions and renewals thereof and
                  applications for registration of or otherwise in connection with
                  the
                  foregoing), Know-How, inventions, confidential or secret processes
                  and
                  information (in each case in any part of the world), unfair competition
                  rights and rights to sue for passing off or past infringements,
                  rights
                  under licences, consents, order, statutes or otherwise in respect
                  of any
                  rights of the nature specified above and rights of the same or
                  similar
                  effect or nature as the foregoing in any jurisdiction;

              
	 	 	 
	
                “Key
                  Person”

              	 	
                means
                  in respect of each Seller, the other Seller and any other person
                  with whom
                  the relevant Seller has personally dealt at any time during the
                  period of
                  12 months prior to the date of this Agreement and who is at the
                  date of
                  this Agreement employed or engaged as an employee, director or
                  consultant
                  of the Company in the capacity of manager, executive or any creative
                  capacity and who is in possession of confidential and/or commercially
                  sensitive information relating to the Company and/or its activities
                  or
                  whose departure would materially damage the
                  Company;

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      
        	
                “Know-How”

              	 	
                means
                  all information not publicly known which is owned and/or used by
                  the
                  Company in connection with its business existing in any form (including
                  paper, electronically stored data, magnetic media, film and
                  microfilm);

              
	 	 	 
	
                “Lease”

              	 	
                means
                  the lease dated 1 February 2007 between (1) Paul Andrew Williams
                  and Clare
                  Marie Williams T/A Tower Investments and (2) the Company in respect
                  of
                  Ground Floor Offices, Arundel Court, Sheffield 

              
	 	 	 
	
                “Leaver”

                 

                “Liabilities”

              	 	
                means
                  a Seller ceasing to be employed by the Company by reason of him
                  being a
                  Bad Leaver;

                 

                means
                  all liabilities, duties, commitments and obligations of every description,
                  whether deriving from contract, common law, statute or otherwise,
                  whether
                  present or future, actual or contingent or ascertained or unascertained
                  and whether owed or incurred severally or jointly or as a principal
                  or
                  surety;

              
	 	 	 
	
                “Licensed
                  IP”

              	 	
                means
                  all Intellectual Property owned by a third party and that is used
                  by or
                  licensed to the Company at the date of this Agreement;

              
	 	 	 
	
                “Loan
                  Notes”

              	 	
                means
                  the loan notes in the agreed form in the aggregate nominal amount
                  of
                  USD$2,500,000 to be issued by the Buyer to the Sellers pursuant
                  to the
                  Loan Note Instrument in accordance with Clause 3.2;

              
	 	 	 
	
                “Loan
                  Note Instrument”

              	 	
                means
                  the loan note instrument in the agreed form constituting the Loan
                  Notes;

              
	 	 	 
	
                “Management
                  Accounts”

              	 	
                means
                  the unaudited balance sheet and profit and loss account of the
                  Company in
                  respect of the period from the Accounts Date to 29 February 2008
                  and all
                  reports, notes and documents attached to such accounts;

              
	 	 	 
	
                “March
                  Figures”

                 

                “Net
                  Working Capital”

              	 	
                means
                  the preliminary gross sales figures of the Company in respect of
                  the
                  period up to 31 March 2008;

                  

                means
                  the sum of Current Assets minus the sum of Current
                  Liabilities;

              
	 	 	 
	
                “Owned
                  IP”

              	 	
                means
                  all Intellectual Property owned by the Company as at the date of
                  this
                  Agreement;

              
	 	 	 
	
                “Property”

              	 	
                means
                  the office premises at Ground Floor, Arundel Court, Sheffield occupied
                  by
                  the Company under the terms of the Lease;

              

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      
        	
                “Restricted
                  Business”

              	 	
                means
                  the business of the publishing, distribution and/or development
                  of
                  interactive entertainment products;

              
	 	 	 
	
                “Restricted
                  Customers”

              	 	
                means
                  in respect of each Seller any person who, during the period of
                  12 months
                  ending on the date of Completion, is or was a customer or distributor
                  of
                  or in the habit of dealing with the Company or with whom the Company
                  was
                  involved in negotiations with a view to such person becoming a
                  customer or
                  distributor and in each case with whom the relevant Seller has
                  had
                  material contact;

              
	 	 	 
	
                “Restricted
                  Supplier”

              	 	
                means
                  in respect of each Seller any person who, during the period of
                  12 months
                  ending on the date of Completion was a supplier or licensor of
                  goods or
                  services and/or rights to the Company or with whom the Company
                  was
                  involved in negotiations with a view to such person becoming a
                  supplier or
                  licensor of the Company and in each case with whom the relevant
                  Seller has
                  had material contact;

              
	 	 	 
	
                “Restricted
                  Territory”

              	 	
                means
                  the United Kingdom and the United States of America and any other
                  country,
                  state or area in which the Company is operating or planning to
                  operate any
                  Restricted Business at the date of this Agreement. A Restricted
                  Business
                  will be operating within a Restricted Territory if either any such
                  Restricted Business is located or to be located within a Restricted
                  Territory or it is conducted or to be conducted wholly or partly
                  within a
                  Restricted Territory;

              
	 	 	 
	
                “Sellers’
                  Solicitors”

              	 	
                means
                  Halliwells LLP of City Plaza, Pinfold Street, Sheffield S1 2GU;
                  

              
	 	 	 
	
                “Sellers’
                  Solicitors Bank Account”

              	 	
                means
                  the client account of the Sellers’ Solicitors being 

                 

                RBS

                Sort
                  Code          
                  16-00-01

                Account
                  No.      12661336

                Branch              
                  RBS,
                  Mosley St, Manchester; 

              
	 	 	 
	
                “Service
                  Agreements”

              	 	
                means
                  the service agreements in the agreed form to be entered into between each
                  of the Sellers and the Company on Completion;

              
	 	 	 
	
                “Service
                  Providers”

              	 	
                shall
                  have the meaning given to that phrase in Paragraph 12 of Schedule
                  2;

              
	 	 	 
	
                “tax”

              	 	
                shall
                  have the meaning given in the Tax
                  Covenant;

              

      

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      
        	
                “tax
                  authority”

              	 	
                shall
                  have the meaning given in the Tax Covenant;

              
	 	 	 
	
                “Tax
                  Covenant”

              	 	
                means
                  the tax covenant set out in Schedule 4;

              
	 	 	 
	
                “Third
                  Anniversary Payment”

              	 	
                means
                  the cash payments of USD $500,000 payable to each of the Sellers
                  on the
                  third anniversary of Completion in accordance with Schedule 3;
                  

              
	 	 	 
	
                “Transaction
                  Documents” 

              	 	
                means
                  this Agreement, the Disclosure Letter, the Service Agreements,
                  the Loan
                  Notes, the Loan Note Instrument and any other document entered
                  into by
                  either party pursuant to or as anticipated by or in connection
                  with the
                  terms of this Agreement; and

              
	 	 	 
	
                “Trust”

              	 	
                means
                  the I.C Stewart 2001 Trust;

              
	 	 	 
	
                 

                “Warranties”

              	 	
                means
                  the warranties given by the Sellers referred to in
                  Clause 7
                  and set out in Schedule 2 and “Warranty”
                  means any one of them.

              

      

      
      

       

      
        	
                1.2

              	
                In
                  this Agreement, unless otherwise specified, references to:
                  

              

      

       

      
        	 	
                (a)

              	
                any
                  statute or statutory provision are to that statute or statutory
                  provision
                  as from time to time amended extended or re-enacted and any subordinate
                  legislation made under it, provided that as between the parties
                  no such
                  amendment extension, re-enactment or subordinate legislation after
                  the
                  date of this Agreement shall apply to the extent that it creates,
                  extends
                  or increases any liability of any of the parties to this
                  Agreement;

              

      

       

      
        	 	
                (b)

              	
                a
                  “person”
                  includes any individual, company, firm, corporation, partnership,
                  joint
                  venture, association, institution or government (whether or not
                  having a
                  separate legal personality);

              

      

       

      
        	 	
                (c)

              	
                Recitals,
                  Clauses and Schedules are references to recitals, Clauses and schedules
                  of
                  this Agreement;

              

      

       

      
        	 	
                (d)

              	
                one
                  gender include all genders and references to the singular include
                  the
                  plural and vice versa; 

              

      

       

      
        
          	 	
                  (e)

                	
                  a
                    document are references to that document as from time to time
                    varied or
                    supplemented;

                

          	 	 	 

          	 	(f) 	
                  a
                    document in the “agreed form” are references to such
                    document in the terms approved by the Sellers and the Buyer;
                    such approval
                    may be evidenced either by the relevant document being entered
                    into at
                    Completion or by the final draft of the document being initialled
                    for the
                    purposes of identification by or on behalf of the Sellers and
                    the Buyer on
                    or before the date of this Agreement;

                

        

      

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      
        	 	
                (g)

              	
                a
                  “subsidiary” or “holding company” shall
                  be construed in accordance with Section 736 of the Companies Act
                  1985;

              

        	 	 	 

        	 	(h)	references
                to a person being “connected” to another person shall be
                construed in accordance with Section 839 of the Income and
                Corporation Taxes Act 1988; and

        	 	 	 

        	 	(i) 	references
                to a person being “associated” to another person shall be
                construed in accordance with Section 435 of the Insolvency
                Act 1986;

        	 	 	 

      

      
        	
                1.3

              	
                The
                  headings in this Agreement are for guidance only and shall not
                  affect its
                  interpretation.

              

      

       

      
        	
                1.4

              	
                Any
                  phrase in this Agreement introduced by the terms “including”,
                  “include”,
                  “in
                  particular”
                  or
                  any similar expression shall be construed as illustrative and shall
                  not
                  limit the sense of the words preceding those
                  terms.

              

      

       

      
        	
                1.5

              	
                Where
                  expressions such as “the
                  Sellers are not aware”,
                  “as
                  far as the Sellers are aware”
                  or
                  “to
                  the best of the Sellers’ knowledge”
                  and other references to the knowledge or awareness of the Sellers
                  are
                  used, they are to be construed as meaning that the Sellers have
                  made all
                  reasonable enquiries of all relevant persons which it would be
                  reasonable
                  for the Sellers to make in order to be confident that the Sellers’
                  knowledge or awareness is complete.

              

      

       

      
        	
                1.6

              	
                The
                  Schedules form part of this Agreement and will be of full force
                  and effect
                  as though they were expressly set out in the body of this
                  Agreement.

              

      

       

      
        
          
            	1.7	
                    Unless
                      this Agreement specifies a payment method, any payment under
                      this
                      Agreement is to be made by bank transfer in same day funds
                      to the client
                      account of the recipient’s solicitors, details of which are given in this
                      Agreement.

                  

          

        

      

       

      
        	
                2.

              	
                Sale
                  and Purchase of the Sale Shares

              

      

       

      
        	
                2.1

              	
                Subject
                  to the terms and conditions of this Agreement, the Sellers shall
                  with full
                  title guarantee sell and the Buyer shall purchase the Sale Shares
                  free
                  from all Encumbrances with effect from Completion together with
                  all rights
                  and advantages attaching or accruing to
                  them.

              

      

       

      
        
          
            	2.2	
                    The
                      Buyer shall not be obliged to complete the purchase of any
                      of the Sale
                      Shares unless the sale and purchase of all of the Sale Shares
                      is completed
                      simultaneously.

                  

          

        

      

       

      
        
          
            	2.3	
                    The
                      Sellers hereby irrevocably agree to waive any rights of pre-emption
                      that
                      they may have under the articles of association of the Company
                      or
                      otherwise in respect of the sale and purchase of any of the
                      Sale Shares
                      under the terms of this
                      Agreement.

                  

          

        

      

       

      
        	
                3.

              	
                Consideration

              

      

       

      
        	
                3.1

              	
                The
                  consideration for the sale of the Sale Shares shall be the aggregate
                  of:

              

      

       

      
        	 	
                (a)

              	
                the
                  Initial Consideration (as satisfied in accordance with Clause 3.2
                  below);
                  

              

      

       

      
        	 	
                (b)

              	
                the
                  Tax Relief Payments (if any) (as satisfied in accordance with Schedule
                  4
                  and ;

              

      

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      
        	 	
                (c)

              	
                the
                  Deferred Payments (if any) (as satisfied in accordance with Clause
                  3.6
                  below); 

              

      

       

      (the
        “Consideration”)

       

      
        	
                3.2

              	
                The
                  Initial Consideration shall be satisfied as
                  follows:

              

      

       

      
        	 	
                (a)

              	
                subject
                  to Clause 5.6, by the payment by the Buyer to each Seller on 30
                  April 2008
                  of that part of the Cash Consideration which is set out opposite
                  the name
                  of such Seller in Part 3 of Schedule 1 by way of telegraphic transfer
                  in
                  immediately available funds to the account specified by such Seller
                  for
                  such purpose;

              

      

       

      
        	 	
                (b)

              	
                by
                  the issue by the Buyer to each Seller on Completion of such nominal
                  amounts of Loan Notes set out opposite the name of such Seller
                  in Part 3
                  of Schedule 1; and

              

      

       

      
        	 	
                (c)

              	
                by
                  the allotment and issue to each Seller on Completion of the number
                  of
                  Consideration Shares set
                  out opposite the name of such Seller in Part 3 of Schedule 1 conditional
                  upon the Sellers delivering to the Buyer (or as the Buyer shall
                  direct) on
                  Completion an agreement in a form required by the Buyer signifying
                  their
                  assent to the Buyer’s Operating
                  Agreement.

              

      

       

      
        	
                3.3

              	
                There
                  shall be deducted from the Cash Consideration a sum equal to the
                  amount
                  (if any) by which Net Working Capital is less than £800,000. If the Cash
                  Consideration as adjusted in accordance with this Clause is less
                  than the
                  sum paid by the Buyer to the Sellers on 30 April 2008 in accordance
                  with
                  Clause 3.2(a) then the Sellers shall pay to the Buyers an aggregate
                  sum
                  equal to the amount of any such shortfall within 5 Business Days
                  after the
                  date on which the figure for Net Working Capital is agreed or otherwise
                  determined in accordance with Clause 4.
                  

              

      

       

      
        	
                3.4

              	
                Any
                  amounts which may be payable by the Sellers in accordance with
                  Clause 3.3
                  shall be paid by the Sellers in their Due Proportion and neither
                  Seller
                  shall be liable for any amount which exceeds such Seller’s Due Proportion
                  of the aggregate amount payable in accordance with such
                  clause.

              

      

       

      
        	
                3.5

              	
                Any
                  payment made by the Sellers pursuant to clause 3.3 shall be treated
                  as a
                  reduction in the Consideration.

              

      

       

      
        	
                3.6

              	
                The
                  Deferred Payments (if any) shall be payable in accordance with
                  the
                  provisions of Schedule 3. 

              

      

       

      
        	
                3.7

              	
                The
                  Buyer warrants that the Consideration Shares shall rank pari passu
                  in all
                  material respects with all other common units of the Buyer in issue
                  at
                  Completion.

              

      

       

      
        	4.	
                Net
                  Working Capital
                  Determination

              

      

       

      
        	
                4.1

              	
                The
                  parties agree that the day of Completion shall be the last day
                  of the
                  financial period beginning on the day after the Accounts Date and
                  that the
                  Completion Accounts (as defined below) shall be audited accounts
                  of the
                  Company for that period which shall also be used to determine the
                  Net
                  Working Capital. 

              

      

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      
        	
                4.2

              	
                As
                  soon as reasonably practicable following Completion (and in any
                  event
                  within 40 Business Days from Completion) the Sellers shall procure
                  that a
                  draft set of audited accounts of the Company (“Completion
                  Accounts”)
                  shall be prepared and sent to the Buyer together with all working
                  papers
                  relating to them and a report prepared by the Sellers (the “Report”)
                  stating the value of the Net Working Capital. The
                  draft Completion Accounts shall be prepared in accordance with
                  the
                  accounting policies, practices and bases which have been used and
                  adopted
                  in the preparation of the Accounts (other than any changes that
                  may be
                  necessary to comply with United Kingdom generally accepted accounting
                  principles and any other changes necessary for the Completion Accounts
                  to
                  be audited). 

              

      

       

      
        	
                4.3

              	
                The
                  Buyer may at any time within 40 Business Days after it receives
                  the draft
                  Completion Accounts and the Report notify the Sellers that it does
                  not
                  agree that the figure for Net Working Capital specified in the
                  draft
                  Completion Accounts is correct (an“Accounts
                  Objection Notice”).
                  Any Accounts Objection Notice shall provide reasonable detail about
                  the
                  grounds on which the Buyer believes the Net Working Capital figure
                  is not
                  correct and specify a figure for the Net Working
                  Capital.

              

      

       

      
        	
                4.4

              	
                If
                  any Accounts Objection Notice is served then the Buyer and the
                  Sellers
                  shall use all reasonable endeavours to agree upon the figure for
                  Net
                  Working Capital within 15 Business Days following receipt of the
                  Accounts
                  Objection Notice by the Sellers.

              

      

       

      
        	
                4.5

              	
                If
                  the Sellers and the Buyer shall not have agreed the final form
                  of the
                  Completion Accounts within the period referred to in Clause 4.3
                  then
                  either of them may refer the matter(s) in dispute to an independent
                  firm
                  of chartered accountants agreed between them or, in default of
                  agreement
                  within 5 Business Days of the expiry of the period referred to
                  in Clause
                  4.4, to an independent firm of chartered accountants nominated
                  by the
                  President for the time being of the Institute of Chartered Accountants
                  in
                  England and Wales (the "Expert")
                  on the application of either of
                  them.

              

      

       

      
        	
                4.6

              	
                The
                  parties shall use all reasonable endeavours to procure the due
                  and prompt
                  determination of the matter(s) in dispute by the Expert as soon
                  as
                  reasonably practicable. In determining any matter, the Expert shall
                  act as
                  an expert and not as an arbitrator. The decision of the Expert
                  shall (save
                  in the case of manifest error or fraud) be final and binding on
                  both
                  parties and its costs shall be borne as the Expert may determine
                  (or, in
                  default of such determination as to costs, as to half by the Sellers
                  and
                  half by the Buyer).

              

      

       

      
        	
                4.7

              	
                Each
                  of the parties shall promptly on request supply to the other parties
                  and
                  (if requested or instructed) the Expert all such access, assistance,
                  documents and information as they may reasonably require for the
                  purpose
                  of the preparation of the Completion Accounts and the Report and
                  for the
                  Buyer deciding whether to serve an Accounts Objection Notice and
                  any
                  determination required pursuant to Clause
                  4.5.

              

      

       

      
        	
                4.8

              	
                The
                  figure for Net Working Capital for the purposes of Clause 3.3
                  may be agreed in writing between the parties at any time but, subject
                  to
                  that, will be:

              

      

       

      
        	 	
                (a)

              	
                the
                  figure specified in the Report if no Accounts Objection Notice
                  is served
                  within the 40 Business Days specified in Clause
                  4.3;

              

      

       

      
        	 	
                (b)

              	
                if
                  an Accounts Objection Notice has been so served, the figure specified
                  by
                  the Expert.

              

      

       

      
        	
                4.9

              	
                For
                  the avoidance of doubt, the Disclosure Letter shall in no way limit
                  the
                  liability of the Sellers to make any payment pursuant to this
                  Clause.

              

      

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      
        	
                5.

              	
                Prior
                  to Completion

              

      

       

      
        	
                5.1

              	
                The
                  Sellers undertake and confirm to the Buyer that they have procured
                  that
                  prior to the date of this
                  Agreement:

              

      

       

      
        
          
            	
                  	(a)	
                    all
                      guarantees, indemnities, mortgages, surety, security and similar
                      agreements or arrangements given by or binding on the Company
                      in respect
                      of any Liabilities or obligations (actual or contingent) of
                      the Sellers
                      and/or any person connected to associated with them have been
                      fully and
                      effectively released without any provision or consideration
                      for such
                      release by the Company;

                  

          

        

      

       

      
        	 	
                (b)

              	
                other
                  than in respect of the Director’s Loan, any sums due to them as employees
                  and any liability that the Company may incur at any point in the
                  future as
                  a result of the enforcement of the Director's Personal Guarantees
                  against
                  Mr Stewart (in each case, provided that complete and accurate details
                  have
                  been Disclosed), the Company has been released, without payment
                  or other
                  cost to the Sellers, from any debts, Liabilities or obligations
                  of any
                  kind owed or outstanding to the Sellers or any person connected
                  or
                  associated to them; and

              

      

       

      
        	 	
                (c)

              	
                all
                  amounts owing (whether due for payment or not) to the Company by
                  the
                  Sellers, any of the other officers of the Company or any person
                  connected
                  to an associate of the Sellers or such officer shall have been
                  paid or
                  repaid provided that, without prejudice to the Sellers’ procurement
                  obligation, to the extent that any such amounts owing have not
                  been paid,
                  they shall continue to be due and payable on demand on and after
                  Completion.

              

      

       

      
        	
                5.2

              	
                If
                  any guarantee, indemnity, mortgage, surety, security or similar
                  agreement
                  or arrangement given by or binding on the Company shall not have
                  been
                  released prior to Completion in accordance with Clause 5.1
                  then the Sellers shall use all reasonable endeavours to procure
                  that as
                  from Completion the Company shall be so released and pending such
                  release
                  the Sellers shall fully and effectively indemnify the Company and
                  the
                  Buyer on demand against all liabilities under such guarantees,
                  indemnities, mortgages, sureties, security and similar agreements
                  or
                  arrangements arising in respect of or attributable to the period
                  on or
                  after Completion.

              

      

       

      
        	
                5.3

              	
                Subject
                  to Clause 5.5, the Buyer shall procure that the Company shall repay
                  the
                  Director’s Loan in full to the Trust as soon as is reasonably practicable
                  following Completion (taking into account the working capital requirements
                  of the Company and the interests of the Buyer’s Group as a whole) but in
                  any event by no later than 4 April 2009. For the avoidance of doubt,
                  the
                  existing interest rate of 1.75% above the official Bank of England
                  base
                  rate which applies to the Director’s Loan shall remain in place following
                  Completion until such time as the Director’s Loan is repaid in
                  full.

              

      

       

      
        	
                5.4

              	
                The
                  Buyer shall further procure that as soon as reasonably practicable
                  after
                  Completion, the Director's Personal Guarantees are released but
                  in any
                  event by no later than 4 April 2009. The Buyer shall until such
                  time as Mr
                  Stewart is fully, irrevocably and unconditionally released from
                  all
                  obligations and Liabilities under the Director’s Personal Guarantees
                  indemnify and keep Mr Stewart fully and effectively indemnified
                  against
                  any and all Liabilities, losses, claims, damages, costs, expenses
                  and
                  other liabilities whatsoever which may arise directly as a result
                  of the
                  Director’s Personal Guarantees.

              

      

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

      
        	
                5.5

              	
                At
                  any time prior to repayment of the Director’s Loan pursuant to Clause 5.3,
                  the Trust may, by giving written notice to the Buyer (the “Trust
                  Notice”),
                  assign the benefit of all or part of the Director’s Loan to the Buyer (the
                  “Relevant
                  Loan”)
                  and, if this occurs, in consideration of this, the Buyer will issue
                  to the
                  Trust (conditional upon the Trust delivering to the Buyer (or as
                  the Buyer
                  shall direct) an agreement in a form required by the Buyer signifying
                  its
                  assent to the Buyer’s Operating Agreement (the “Assent
                  Agreement”))
                  such number of common units in the capital of the Buyer as corresponds
                  to
                  the Relevant Loan calculated by dividing the amount of the Relevant
                  Loan
                  by the Price (as ascertained below) (the “Trust
                  Shares”).
                  The price shall be such price as on the date of issue of the Trust
                  Shares
                  represents in the opinion of the Buyer’s accountants the fair market value
                  of the Trust Shares taking into account all circumstances which
                  have been
                  notified to them including without limitation (and applying a discount
                  to
                  reflect): (a) the fact that the Trust Shares may represent a minority
                  interest in the Buyer; and (b) where there is a limited or no market
                  for
                  the Trust Shares, the fact that there is a limited or no market
                  (the
                  “Price”).
                  The Trust Notice shall
                  specify the amount of the Director's Loan which the Trust wishes
                  to assign
                  to the Buyer. As
                  soon as reasonably practicable after the Buyer receives the Trust
                  Notice,
                  assuming the Buyer has received the Assent Agreement from the Trust,
                  the
                  Buyer shall issue to the Trust the relevant number of Trust
                  Shares.
                  Any Trust Shares allotted under this Clause shall rank pari passu
                  in all
                  material respects with all other common units of the Buyer in issue
                  at the
                  time of issue of the Trust Shares.

              

      

       

      
        	
                5.6

              	
                The
                  Sellers shall procure that as soon as reasonably practicable after
                  Completion but in any event by no later than 30 April 2008 any
                  debts,
                  Liabilities or obligations of the Company of any kind owed or outstanding
                  to Destination Software, Inc in respect of the quarter ended 31
                  March 2008
                  have been satisfied in full. The Sellers acknowledge that payment
                  of the
                  Cash Consideration is entirely conditional on this having
                  happened.

              

      

       

      
        	
                6.

              	
                Completion

              

      

       

      
        	
                6.1

              	
                Completion
                  shall take place
                  immediately following the execution of this Agreement by the parties.
                  

              

      

       

      
        	
                6.2

              	
                On
                  Completion: 

              

      

       

      
        	 	
                (a)

              	
                the
                  Sellers shall deliver or cause to be delivered to the Buyer or
                  as the
                  Buyer shall direct:

              

      

       

      
        	 	
                (i)

              	
                counterparts
                  of this Agreement, the Disclosure Letter and the Service Agreements
                  duly
                  executed by them;

              

      

       

      
        
          
            	
                  	(ii)	
                    duly
                           completed and executed stock transfer forms in respect
                      of the Sale Shares
                      together with the share certificates relating to the Sale Shares
                      (or
                      indemnities in a form satisfactory to the Buyer in the case
                      of missing
                      certificates);

                  

          

        

      

       

      
        
          
            
              	
                    	(iii)	
                      the
                        letters of resignation in the agreed form executed by any
                        officers of the
                        Company who are resigning as officers on
                        Completion;

                    

            

          

        

         

        
          
            
              
                	
                      	(iv)	
                        the
                          certificates of incorporation (including any certificates
                          of incorporation
                          on change of name) of the Company and statutory and minute
                          books required
                          to be kept by the Company pursuant to the Act (in each
                          case up to date up
                          to (but not including) Completion), the common seal (if
                          any) of the
                          Company and any cheque books and credit cards of the
                          Company;

                      

                
                  
                    
                    

                  

                  
                    13

                    
                      

                    

                  

                  
                    
                    

                  

                

              

              
                 

                
                  
                    
                      
                        	
                              	
                                (v)

                              	
                                
                                  statements
                                    showing the current balances on all bank accounts,
                                    overdraft and loan
                                    facilities held by the Company as at the close
                                    of business on the Business
                                    Day prior to Completion;

                                

                              

                         

                        
                          
                            
                              
                                	
                                      	
                                        (vi)

                                      	
                                        
                                          evidence
                                            satisfactory to the Buyer that any Encumbrances
                                            affecting the Company have
                                            been unconditionally released (save for
                                            the Encumbrances securing the
                                            existing facilities with Bank of Scotland
                                            (details of which have been
                                            Disclosed)); 

                                        

                                      

                                 

                                
                                  
                                    
                                      
                                        	
                                              	
                                                (vii)

                                              	
                                                
                                                  all
                                                    the financial and accounting
                                                    books and records of the Company;
                                                    

                                                

                                              

                                         

                                        
                                          
                                            
                                              
                                                	
                                                      	
                                                        (viii)

                                                      	
                                                        
                                                          counterparts
                                                            of the document referred
                                                            to in Clause 3.2(c) confirming
                                                            the Sellers’
                                                            assent to the Buyer’s Operating Agreement;
                                                            and

                                                        

                                                      

                                                 

                                                
                                                  
                                                    
                                                      
                                                        	
                                                              	(ix)	
                                                                a
                                                                  duly executed power
                                                                  of attorney in
                                                                  the agreed form
                                                                  in favour of the
                                                                  Buyer
                                                                  in respect of the
                                                                  Sale
                                                                  Shares;

                                                              

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

               

            

          

        

      

      
        	 	
                (b)

              	
                the
                  Sellers shall procure that a board meeting of the Company is held
                  at which
                  (amongst other things) the following business shall be
                  transacted:

              

      

       

      
        	 	
                (i)

              	
                the
                  transfer of the Sale Shares, the entry of the name of the Buyer
                  in the
                  register of members of the Company and the issue to the Buyer of
                  share
                  certificates in respect of the Sale Shares shall be approved, subject
                  to
                  stamping;

              

      

       

      
        	 	
                (ii)

              	
                the
                  appointment of such people nominated by the Buyer to the board
                  of
                  directors shall be approved with immediate effect;
                  

              

      

       

      
        	 	
                (iii)

              	
                the
                  resignation of Debbie Hatch and the appointment of such person
                  nominated
                  by the Buyer as the Company Secretary shall be approved with immediate
                  effect;

              

      

       

      
        	 	
                (iv)

              	
                PKF
                  (UK) LLP shall be appointed as the auditors of the Company;
                  and

              

      

      
         

        
          	 	
                  (v)

                	
                  the
                    Service Agreements shall be
                    approved;

                

        

      

       

      
        	 	
                (c)

              	
                the
                  Buyer shall, following completion of the above
                  matters:

              

      

       

      
        	 	
                (i)

              	
                deliver
                  or cause to be delivered to the Sellers (or as the Sellers shall
                  direct)
                  duly executed counterparts of this Agreement and the Disclosure
                  Letter;

              

      

       

      
        	 	
                (ii)

              	
                deliver
                  or cause to be delivered to the Sellers (or as the Sellers shall
                  direct) a
                  copy of the duly executed Loan Note Instrument and loan note certificates
                  thereunder in favour of the Sellers in the Due
                  Proportion;

              

      

       

      
        	 	
                (iii)

              	
                issue
                  the Consideration Shares to the Sellers;

              

      

       

      
        	 	
                (d)

              	
                the
                  Tax Covenant shall come into force.

              

      

       

      
        	
                6.3

              	
                As
                  soon as reasonably practicable after Completion, the Buyer shall
                  deliver
                  or cause to be delivered to the Sellers (or as the Sellers shall
                  direct):

              

      

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      
        	 	
                (a)

              	
                a
                  copy of the written consent of the managers of the Buyer approving
                  the
                  transaction; and

              

      

       

      
        	 	
                (b)

              	
                an
                  opinion of a lawyer in the USA qualified so to give (in a form
                  reasonably
                  acceptable to the Sellers) that this Agreement, the Loan Notes
                  and the
                  Consideration Shares are properly executed or allotted (as applicable)
                  and, in the case of this Agreement and the Loan Note Instrument
                  form
                  legally binding obligations of the
                  Buyer.

              

      

       

      
        	
                7.

              	
                Warranties

              

      

       

      
        
          	7.1	
                  The
                    Sellers jointly and severally warrant to the Buyer that subject
                    to those
                    matters Disclosed each of the Warranties is at Completion true
                    and
                    accurate.

                

        

      

       

      
        
          
            	7.2	
                    The
                      Sellers acknowledge that the Buyer has entered into this Agreement
                      in
                      reliance upon the Warranties. Save as expressly otherwise provided,
                      each
                      of the Warranties shall be construed as a separate and independent
                      Warranty and shall not be limited by reference to any other
                      Warranty or by
                      anything in this Agreement or any of the other Transaction
                      Documents.

                  

          

        

      

       

      
        
          
            	7.3	
                    Notwithstanding
                      any other provision of this
                      Agreement:

                  

          

        

      

       

      
        	 	
                (a)

              	
                the
                  Warranties contained in Paragraph 1 of Schedule 2 shall not be
                  or be
                  capable of being qualified or discharged by the Disclosure Letter
                  or in
                  any other way; and

              

      

       

      
        	 	
                (b)

              	
                the
                  Warranties will each remain in full force and effect beyond and
                  notwithstanding Completion and are each made without prejudice
                  to any of
                  the others. 

              

      

       

      
        	7.4	
                The
                  Warranties shall not be or be capable of being qualified or discharged
                  by
                  the Disclosure Letter to the extent that any Claim arises as a
                  consequence
                  of fraud or wilful or negligent misconduct by the Sellers.
                  

              

      

       

      
        	
                7.5

              	
                Where
                  any information or documents have been supplied by or on behalf
                  of the
                  Company (or any officer, employee, agent or professional advisor
                  of the
                  Company) to the Sellers or their advisers the provision of such
                  information or documents shall not constitute a warranty, representation
                  or guarantee as to the accuracy of the information or documents
                  from the
                  Company (or any officer, employee, agent or professional advisor
                  of the
                  Company) to the Sellers or their advisers to the Sellers and the
                  Sellers
                  hereby undertake to waive any and all claims which they might otherwise
                  have against the Company in respect of such
                  claims.

              

      

       

      
        	7.6	
                The
                  amount of any successful Claim against the Sellers under the Warranties
                  and any amount payable by the Sellers under the Tax Covenant shall
                  to the
                  extent permissible by law be deemed to constitute a reduction in
                  the
                  Consideration.

              

      

       

      
        	
                7.7

              	
                The
                  Sellers shall not be liable in respect of any Claim (other than
                  a claim
                  under Clause 2.4 of the Tax Covenant)
                  unless:

              

      

       

      
        	 	
                (a)

              	
                the
                  amount of that Claim exceeds
                  USD$5,000;

              

      

       

      
        	 	
                (b)

              	
                the
                  amount of that Claim together with the aggregate amount of all
                  other
                  Claims not otherwise excluded pursuant to clause 7.7(a) exceeds
                  USD$75,000, in which case the Sellers shall be liable for the whole
                  amount
                  and not merely the excess.

              

      

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      
        	
                8.

              	
                Indemnities

              

      

       

      
        	
                8.1

              	
                The
                  Sellers will at all times (on a joint and several basis) indemnify
                  and
                  hold the Company and the Buyer fully and effectively indemnified
                  on demand
                  against any and all claims, loss, damage or Liabilities (and all
                  costs,
                  charges, interest, fees, fines, penalties, taxes and expenses incidental
                  or relating to or arising in connection with any such claims, loss,
                  damage
                  or Liabilities, including without limitation all expenses of
                  investigations and legal fees and expenses on a solicitor own-client
                  basis), whether or not reasonable, foreseeable, contemplated or
                  avoidable
                  as a result of or in connection
                  with:

              

      

       

      
        	 	
                (a)

              	
                any
                  document delivered by the Sellers under Clause 6
                  being unauthorised or invalid; 

              

      

       

      
        	 	
                (b)

              	
                any
                  and all claims which may be made by any person who resigns at Completion
                  as a director or the Company Secretary of the Company whose claim
                  arises
                  out of his or her resignation or the termination of his of her
                  employment
                  or office.

              

      

       

      
        	
                9.

              	
                Set
                  Off

              

      

       

      
        	9.1	
                Notwithstanding
                  any other provisions of this Agreement liability of the Sellers
                  in respect
                  of each and every Claim shall be limited in accordance with Schedule
                  6
                  (save in the case of fraud or wilful or negligent misconduct by
                  the
                  Sellers). 

              

      

       

      
        	
                9.2

              	
                The
                  Buyer shall be entitled to set off or (pending determination of
                  the
                  relevant amount but subject to this Clause 9) withhold any amounts
                  payable
                  by it to the Sellers against any sums owed by the Sellers pursuant
                  to a
                  Claim.

              

      

       

      
        	9.3	
                If
                  prior to the date on which any sum becomes payable by the Buyer
                  to the
                  Sellers under the terms of this Agreement or any of the Transaction
                  Documents, the Buyer shall have given notice to the Sellers of
                  a Claim and
                  (to the extent practicable) in sufficient detail and (where the
                  loss is
                  readily ascertainable) specifying the amount claimed to assist
                  the Sellers
                  to assess such Claim (such matters being referred to in this Clause
                  as a
                  “Relevant
                  Claim”)
                  then the following provisions of this Clause 9 shall
                  apply.

              

      

       

      
        	9.4	
                The
                  Buyer shall notify the Sellers in writing whenever it intends to
                  exercise
                  its rights of set off or withholding. Where the Sellers fail to
                  respond in
                  writing within fifteen Business Days of receipt of notification
                  of a
                  Relevant Claim (served in accordance with clause 9.3) or accept
                  in writing
                  that this Clause 9 shall apply to a Relevant Claim, that Relevant
                  Claim is
                  to be regarded as valid for all purposes and the Buyer may set
                  off or
                  withhold in the amount specified in any notice served in accordance
                  with
                  Clause 9.3 from any amount payable to the Sellers pursuant to this
                  Agreement.

              

      

       

      
        	9.5	
                Where
                  the Sellers challenge the proposed Relevant Claim in writing within
                  fifteen Business Days after receipt of notification of the same
                  (“Challenge
                  Notice”),
                  then the Buyer may within a period of a further fifteen Business
                  Days
                  after the Buyer’s receipt of such Challenge Notice instruct Counsel of not
                  less than five years’ standing to advise in respect of such Relevant
                  Claim. 

              

      

       

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

      
        	9.6	
                Where
                  such Counsel gives an opinion (a) confirming that the Buyer appears
                  to
                  have, prima facie, a bona fide claim (no account however being
                  taken of
                  any defence that may be advanced by the Sellers) and (b) estimating
                  the
                  monetary amount of the Sellers’ potential liability in respect of such
                  claim (“the
                  Estimated Amount”),
                  then pending Final Determination, the Buyer may, where money is
                  to be paid
                  in cash (including, for the avoidance of doubt, by way of principal
                  of the
                  Loan Notes to be redeemed pursuant to the Loan Note Instrument),
                  deduct
                  the Estimated Amount. If Counsel’s opinion does not confirm that the Buyer
                  has, prima facie, a bona fide claim, then the Buyer may
                  pursue such Relevant Claim but it may not set off or withhold in
                  relation
                  to the Relevant Claim.

              

      

       

      
        	9.7	
                If
                  any sums are set off or withheld pursuant to this Clause then the
                  Buyer
                  may pursue the Relevant Claim against the Sellers until the earlier
                  of:

              

      

       

      
        	 	
                (a)

              	
                judgment
                  being obtained;

              

      

       

      
        	 	
                (b)

              	
                the
                  claim being settled between the parties;

              

      

       

      
        	 	
                (c)

              	
                the
                  Buyer is no longer able to bring or pursue such Relevant Claim
                  by reason
                  of the expiration of any time limit set out in paragraph 2 of Schedule
                  6;
                  and

              

      

       

      
        	 	
                (d)

              	
                the
                  Buyer deciding, in its absolute discretion, not to pursue such
                  claim
                  

              

      

       

      (“Final
        Determination”).

       

      
        	9.8	
                Upon
                  a Final Determination of a Relevant Claim:
                  

              

      

       

      
        
          
            	
                  	(a)	
                    to
                      the extent that the Final Determination results in any sum
                      equal to, or in
                      excess of, the Estimated Amount becoming payable to the Buyer
                      in respect
                      of the Relevant Claim, the Buyer
                      may retain the amount deducted in accordance with clause 9.6
                      above and to
                      the extent that the Final Determination exceeds the Estimated
                      Amount may
                      set off the amount of such excess against any amount payable
                      by it to the
                      Sellers by reducing the principal amount of the next following
                      payment
                      that the Buyer is due to make to the Sellers under the terms
                      of this
                      Agreement or any of the other Transaction Documents. Where
                      following the
                      application of the foregoing the Sellers’ liability to the Buyer in
                      respect of the Relevant Claim has not been satisfied in full
                      the Sellers
                      shall transfer an amount equal to such shortfall in immediately
                      available
                      funds to the Buyer's Solicitors' Bank
                      Account;

                  

          

        

      

       

      
        	 	
                (b)

              	
                to
                  the extent that the Estimated Amount exceeds the total sum payable
                  to the
                  Buyer on the Final Determination, or in the event that the Final
                  Determination results in any sum becoming payable to the Buyer
                  in respect
                  of the Relevant Claim, which sum is less than the Estimated Amount
                  or
                  results in no sum becoming payable, the Buyer shall pay to the
                  Sellers by
                  telegraphic transfer of immediately available funds to the Sellers’
                  Solicitors' Bank Account an amount equal to the amount by which
                  the
                  Estimated Amount exceeds the sum (if any) payable to the
                  Buyer.

              

      

       

      
        	9.9	
                For
                  the avoidance of doubt, nothing contained in this Clause 9 shall
                  prejudice
                  the right of the Buyer to pursue a Claim against the Sellers and
                  to make
                  recovery in respect of any such Claim otherwise than in accordance
                  with
                  the procedure specified in this
                  Clause.

              

      

       

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

      
        	
                10.

              	
                Restrictive
                  Covenants 

              

      

       

      
        	10.1	
                In
                  order to assure to the Buyer the full benefit of the business and
                  goodwill
                  of the Company, each of the Sellers (on a several basis) undertakes
                  (as a
                  separate and independent undertaking) to the Buyer that they shall
                  not,
                  either alone or by their employees, agents or otherwise howsoever
                  or in
                  conjunction with or on behalf of or for any other person, or as
                  a manager,
                  agent, partner, director, consultant or employee of any other person,
                  directly or indirectly do any of the following
                  things:

              

      

       

      
        	 	
                (a)

              	
                at
                  any time after Completion:

              

      

       

      
        	 	
                (i)

              	
                disclose
                  to any person or use for any purpose any confidential information
                  concerning the Company including, without limitation, the business,
                  accounts or finances of the Company or any of its employees, Restricted
                  Customers or Restricted Suppliers; 

              

      

       

      
        	 	
                (ii)

              	
                use
                  any Intellectual Property belonging to the Company including, without
                  limitation, the words “Zoo” or “Digital Publishing” or any other names or
                  words similar to or likely to be confused with such words or use
                  any
                  distinctive mark, style or logo used by the Company whether by
                  using such
                  names as part of a corporate name, trade name, product name or
                  otherwise;
                  

              

      

       

      
        	 	
                (b)

              	
                for
                  a period of 3 years after Completion without the prior written
                  consent of
                  the Buyer:

              

      

       

      
        	 	
                (i)

              	
                be
                  engaged, concerned or interested in any capacity (other than as
                  a holder
                  of less than 3 per cent. of any class of shares or debentures listed
                  on
                  the Official List of the London Stock Exchange or any other recognised
                  investment exchange) in any business concern which carries on any
                  business
                  that competes with any Restricted Business of the Company in any
                  Restricted Territory;

              

      

       

      
        	 	
                (ii)

              	
                solicit,
                  canvass, interfere with or endeavour to entice away from the Company
                  (or
                  procure or assist any persons to do any of the foregoing) any Restricted
                  Customer or their business or custom with a view to: (I) providing
                  goods,
                  services and/or rights to that Restricted Customer in competition
                  with the
                  Company; and/or (II) reduce the amount of business or custom between
                  the
                  Company and any Restricted Customer; and/or (III) adversely vary
                  the terms
                  upon which business is conducted between the Company and the relevant
                  Restricted Customer; and/or (IV) adversely affecting the provision
                  or
                  licensing of goods, services or rights to that Restricted Customer
                  by the
                  Company; 

              

      

       

      
        	 	
                (iii)

              	
                solicit,
                  canvass, interfere with or endeavour to entice away from the Company
                  (or
                  procure or assist any persons to do any of the foregoing) any Restricted
                  Customer or Restricted Supplier or their business or custom with
                  a view
                  to: (I) receiving goods, services and/or rights from that Restricted
                  Supplier in competition with the Company; and/or (II) reduce the
                  amount of
                  business or custom and/or adversely vary the terms upon which business
                  is
                  conducted between the Company and that Restricted
                  Supplier;

              

      

       

      
        	 	
                (iv)

              	
                provide
                  or offer to provide any goods, services and/or rights to or receive
                  any
                  goods, services and/or rights from or otherwise have any business
                  dealings
                  with any Restricted Customer or any Restricted Supplier in competition
                  with the Company; 

              

      

       

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

      
        	 	
                (v)

              	
                offer
                  employment to or employ or offer or conclude any contract for services
                  with, canvass or solicit the employment or engagement of or endeavour
                  to
                  entice away from either the Company or the Buyer any Key Person;
                  or

              

      

       

      
        	 	
                (vi)

              	
                procure
                  or assist any third party to offer, employ, engage or solicit or
                  endeavour
                  to entice away from either the Company or the Buyer any Key Person
                  (whether or not such person would commit any breach of any contract
                  with
                  the Buyer or the Company).

              

      

       

      
        	10.2	
                None
                  of the restrictions set out in Clause 10.1 shall apply to restrict
                  the
                  Sellers from carrying out work in the proper performance of their
                  duties
                  under the terms of the Service Agreements.

              

      

       

      
        	10.3	
                The
                  provisions contained in the preceding provisions of this Clause
                  10
                  are:

              

      

       

      
        	 	
                (a)

              	
                considered
                  reasonable by the parties but in the event that any of them should
                  be
                  found to be void but would be valid if some part of such Clauses
                  were
                  deleted or the period or area of application reduced, such provisions
                  shall apply with such modification as may be necessary to make
                  them valid
                  and effective; and

              

      

       

      
        	 	
                (b)

              	
                separate
                  and severable and shall be enforceable
                  accordingly.

              

      

       

      
        
          
            	10.4	
                    Without
                      prejudice to any other rights or remedies that the Buyer may
                      have, the
                      Sellers acknowledge and agree that damages alone would not
                      be an adequate
                      remedy for any breach by the Sellers of the provisions of this
                      clause and
                      that, accordingly, the Buyer shall be entitled without proof
                      of special
                      damage to the remedies of injunction, specific performance
                      and other
                      equitable relief for any threatened or actual breach of the
                      provisions of
                      this clause by the
                      Sellers.

                  

          

        

      

       

      
        	10.5	
                Each
                  of the obligations on the Sellers contained in the above provisions
                  of
                  this Clause 10 constitutes an entirely separate and independent
                  restriction on the Sellers notwithstanding that they may be contained
                  in
                  the same sub-clause, paragraph, sentence or
                  phrase.

              

      

       

      
        	
                11.

              	
                Confidential
                  Information

              

      

       

      
        	11.1	
                Each
                  party shall following Completion treat all Confidential Information
                  as
                  strictly confidential and:

              

      

       

      
        	 	
                (a)

              	
                will
                  take all reasonable steps to prevent its use and/or
                  disclosure;

              

      

       

      
        	 	
                (b)

              	
                will
                  not itself make use of any Confidential Information belonging to
                  and/or
                  used by another party for a purpose other than the performance
                  of its
                  obligations under this Agreement (save that the Buyer may, following
                  Completion, use any Confidential Information of the Company for
                  any
                  purpose it thinks fit); and

              

      

       

      
        	 	
                (c)

              	
                will
                  not disclose Confidential Information to any person (other than
                  in
                  accordance with Clauses 11.2 and/or 11.3).

              

      

       

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

      
        	
                11.2

              	
                The
                  Buyer may disclose Confidential Information to any of its directors,
                  employees or professional advisers and the Sellers may disclose
                  Confidential Information to their professional advisers to the
                  extent that
                  disclosure is reasonably necessary for the purposes of this Agreement.
                  

              

      

       

      
        	
                11.3

              	
                Each
                  party may disclose Confidential Information where such disclosure
                  would
                  otherwise be prohibited by this Clause 11 if and to the
                  extent:

              

      

       

      
        	 	
                (a)

              	
                required
                  by law or any regulatory body; 

              

      

       

      
        	 	
                (b)

              	
                it
                  can be shown by that party (to the other party’s reasonable satisfaction)
                  to have been known by it before disclosure to it by the other party;
                  

              

      

       

      
        	 	
                (c)

              	
                it
                  can be shown by that party (to the other party’s reasonable satisfaction)
                  to have been subsequently lawfully disclosed to that party by a
                  third
                  party who did not impose any restrictions on its disclosure and
                  did not
                  obtain it (whether directly or indirectly) from the other party;
                  or

              

      

       

      
        	 	
                (d)

              	
                the
                  information was or has entered the public domain (other than by
                  reason of
                  a breach of this Clause by that
                  party).

              

      

       

      
        	
                12.

              	
                Notices 

              

      

       

      
        	
                12.1

              	
                Any
                  notice or other communication given under this Agreement shall
                  be in
                  writing and shall be delivered personally or sent by first class
                  post (or
                  airmail or international courier if overseas), to the party due
                  to receive
                  the notice or communication, at the address set out in Clause 12.2 or
                  such other address which may from time to time be notified by a
                  party to
                  any other in writing as being its usual address. 

              

      

       

      
        	
                12.2

              	
                The
                  addresses of the parties for the purposes of this Agreement
                  are:

              

      

       

      Barry
        Hatch 

       

      
        	
                Address:

              	
                37
                  Twentywell View, Bradway, Sheffield, South Yorkshire S17
                  4PX

              

      

       

      Ian
        Stewart 

       

      
        	
                Address:

              	
                Osborn
                  House, Padley Hill, Grindleford, Hope Valley, Derbyshire S32
                  2HQ

              

      

       

      The
        Buyer

       

      
        	
                Address:

              	
                575
                  Broadway NY, New York 10012

              
	 	 
	
                Marked
                  for the attention of:

              	
                General
                  Counsel

                 

                with
                  a copy delivered simultaneously to Harbottle & Lewis LLP, Hanover
                  House, 14 Hanover Square, London W1S 1HP marked for the attention
                  of Mark
                  Phillips.

              
	 	 

      

      
        	
                12.3

              	
                A
                  notice or other communication shall be deemed
                  given:

              

      

       

      
        	 	
                (a)

              	
                if
                  delivered personally, upon delivery at the relevant address referred
                  to in
                  Clause 12.2;

              

      

       

      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

      

      
        	 	
                (b)

              	
                if
                  sent by first class post (other than airmail), 2 Business Days after
                  the date of posting; and

              

      

       

      
        	 	
                (c)

              	
                if
                  sent by airmail or international courier, 5 Business Days after the
                  date of posting

              

      

       

      provided
        that where delivery occurs after 18.00 on a Business Day or on a day which
        is not a Business Day, receipt shall be deemed to occur at 09.00 on the
        next following Business Day.

       

      
        	
                12.4

              	
                In
                  proving the giving of notice, it shall be sufficient to prove that
                  the
                  envelope containing the notice was properly addressed to the relevant
                  party and delivered either to that address or posted as first class
                  post
                  (or registered airmail if
                  overseas).

              

      

       

      
        	
                13.

              	
                Business
                  Information

              

      

       

      
        	
                13.1

              	
                During
                  the period of six years after Completion and without prejudice
                  to any
                  other provisions of this Agreement
                  if
                  any information relating to the Company which is Required for the
                  Business
                  of the Company is not in the possession of the Buyer or the Company
                  or
                  readily discoverable by the Buyer or the Company but is in the
                  possession
                  or under the control of or available to the Sellers, the Sellers
                  shall
                  procure that such information is provided to the Buyer promptly
                  on
                  request.

              

      

       

      
        	
                13.2

              	
                For
                  the purposes of Clause 13.1, the phrase “Required
                  for the Business”
                  means any Intellectual Property or information of the Company which
                  is or
                  has in the last 6 years been used in the business of the Company and
                  would be needed by the Company to carry on its business in the
                  same manner
                  as it is presently carried on or to fulfil any of its present contracts,
                  plans or projects or to comply with any law applicable in relation
                  to it
                  or if it is vested in the Sellers and its retention by the Sellers
                  after
                  Completion would be damaging or detrimental to the business of
                  the
                  relevant Company.

              

      

       

      
        	
                14.

              	
                General

              

      

       

      
        	
                14.1

              	
                Save
                  for any announcement or filing required by law or the regulation
                  of a
                  stock exchange, no party shall make, or procure or permit the making
                  of,
                  any announcement whether before or after Completion with respect
                  to this
                  Agreement or any ancillary matter without the prior written consent
                  of the
                  other parties.

              

      

       

      
        	
                14.2

              	
                Each
                  of the parties shall (and shall use reasonable endeavours to procure
                  that
                  any necessary third parties shall) from time to time at the reasonable
                  request of the other party do all such legal acts and execute all
                  such
                  documents as such other party may from time to time reasonably
                  request on
                  or after Completion as soon as reasonably practicable in order
                  to
                  implement and give full effect to the provisions of this
                  Agreement.

              

      

       

      
        	
                14.3

              	
                The
                  Transaction Documents set out the entire agreement and understanding
                  between the parties and supersede all prior agreements, understandings
                  or
                  arrangements (oral or written) in respect of their subject
                  matter.

              

      

       

      
        	
                14.4

              	
                This
                  Agreement shall be binding upon and enure for the benefit of the
                  successors in title of each of the parties but shall not be assignable
                  by
                  any party without the prior written consent of the other party
                  (such
                  consent not to be unreasonably withheld, delayed or conditioned).
                  

              

      

       

      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

      

      
        	
                14.5

              	
                If
                  any provision of this Agreement is or becomes illegal, invalid
                  or
                  unenforceable in any respect under the law of any jurisdiction
                  then the
                  legality, validity and enforceability in that jurisdiction of the
                  remaining provisions shall be unaffected and the legality, validity
                  and
                  enforceability in any other jurisdiction of that or any other provision
                  shall be unaffected. 

              

      

       

      
        	
                14.6

              	
                No
                  purported variation of this Agreement shall be effective unless
                  it is in
                  writing and signed by or on behalf of each of the
                  parties.

              

      

       

      
        	
                14.7

              	
                A
                  failure to exercise or delay in exercising any right, remedy or
                  power
                  provided under this Agreement or by law does not constitute a waiver
                  of
                  the right, remedy or power or a waiver of any other right, remedy
                  or
                  power. No single or partial exercise of any right, remedy or power
                  prevents any further exercise of it or the exercise of any other
                  right,
                  remedy or power. Except where this Agreement provides otherwise,
                  the
                  rights, remedies and powers provided by this Agreement are cumulative
                  and
                  not exclusive of any rights, remedies or powers provided by law.
                  Any
                  waiver of a breach of any of the terms of this Agreement or of
                  any default
                  under this Agreement shall not be deemed a waiver of any other
                  breach or
                  default and shall not affect the other terms of this
                  Agreement.

              

      

       

      
        	
                14.8

              	
                This
                  Agreement may be executed in any number of counterparts and by
                  the parties
                  on separate counterparts, but shall not be effective until each
                  party has
                  executed at least one counterpart. Each counterpart, when executed,
                  shall
                  be an original of this Agreement and all counterparts shall together
                  constitute one instrument.

              

      

       

      
        	
                14.9

              	
                Subject
                  to Clause 14.10 below, the parties agree that the provisions of
                  this
                  Agreement are personal to them and are not intended to confer any
                  rights
                  of enforcement on any third party and the Contracts (Rights of
                  Third
                  Parties) Act 1999 shall not apply to this Agreement or any of its
                  provisions.

              

      

       

      
        	
                14.10

              	
                The
                  provisions of Clause 5.3 and 5.5 of this Agreement are intended
                  to benefit
                  the Trust and accordingly shall be enforceable by the Trust to
                  the fullest
                  extent permitted by law as if the Trust were a party to this
                  Agreement.

              

      

       

      
        	
                14.11

              	
                This
                  Agreement shall be governed by and construed in accordance with
                  the laws
                  of England. Other than in respect of Clause 4 and Schedule 3 the
                  parties
                  irrevocably submit to the exclusive jurisdiction of the Courts
                  of England
                  in relation to any legal action or proceedings arising out of or
                  in
                  connection with this Agreement.

              

      

       

      
        	
                14.12

              	
                Each
                  party irrevocably waives any objection which it might at any time
                  have to
                  the Courts of England being nominated as the forum to decide any
                  suit,
                  action or proceedings, and to settle any disputes, which may arise
                  out of
                  or in connection with this Agreement and agrees not to claim that
                  the
                  Courts of England are not a convenient or appropriate
                  forum

              

      

       

      
        	
                15.

              	
                Tax
                  on Warranty Payments

              

      

       

      
        	
                15.1

              	
                If
                  any tax authority brings into charge to tax any sum paid to the
                  Buyer or
                  the Company under this Agreement, then the Sellers shall pay such
                  additional amount as shall be required to ensure that the total
                  amount
                  paid, less the tax chargeable on such amount is equal to the amount
                  that
                  would otherwise be payable under this Agreement
                  unless the liability to taxation arises from the assignment of
                  the benefit
                  of this Agreement.

              

      

       

      
        
          
          

        

        
          22

          
            

          

        

        
          
          

        

      

      
        	
                15.2

              	
                Clause 15
                  shall apply in respect of any amount deducted or withheld as contemplated
                  by clause 15 as it applies to sums paid to the Buyer or the Company
                  concerned, save to the extent that in computing the tax chargeable
                  the
                  Buyer or the Company concerned is able to obtain a credit for the
                  amount
                  deducted or withheld.

              

      

       

      
        	
                16.

              	
                Costs
                  and Expenses

              

      

       

      
        	
                16.1

              	
                Subject
                  to Clause 16.2, all costs and expenses incurred by or on behalf
                  of the
                  parties to this Agreement in connection with this Agreement or
                  any of the
                  other Transaction Documents will be borne solely by the party who
                  incurs
                  them.

              

      

       

      
        	
                16.2

              	
                The
                  Sellers shall be responsible for and shall bear the cost of any
                  and all
                  applicable sales taxes, transfer taxes and similar charges in connection
                  with this Agreement or any of the other Transaction Documents save
                  for any
                  stamp duty arising on the acquisition of the Sale Shares which
                  shall be
                  payable by the Buyer but subject to a cap of
                  $45,000.

              

      

       

      This
        document has been entered into on the date stated at the beginning of
        it.

       

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

       

      Schedule
        1 –
        The
        Company

      Part
        1

      Details
        of the Company

       

      
        	
                Name

              	 	
                Zoo
                  Digital Publishing Limited 

              
	 	 	 
	
                Registered
                  Number

              	 	
                5701472

              
	 	 	 
	
                Date
                  of Incorporation

              	 	
                07/02/2006

              
	 	 	 
	
                Place
                  of Incorporation

              	 	
                UK

              
	 	 	 
	
                Former
                  Name

              	 	
                Zoo
                  Interactive Video Limited

              
	 	 	 
	
                Registered
                  Office

              	 	
                Arundel
                  Court, 177 Arundel Street, Sheffield, South Yorkshire S1
                  2NU

              
	 	 	 
	
                Directors

              	 	
                Barry
                  Hatch, Ian Clifford Stewart

              
	 	 	 
	
                Company
                  Secretary 

              	 	
                Debbie
                  Jane Hatch

              
	 	 	 
	
                Authorised
                  Share Capital

              	 	
                £100

              
	 	 	 
	
                Issued
                  Share Capital and Registered Holders

              	 	
                £100
                  – 50 ordinary shares of £1 each issued to Barry Hatch and 50 ordinary
                  shares of £1 each issued to Ian Stewart

              
	 	 	 
	
                Accounting
                  Reference Date

              	 	
                31/03

              
	 	 	 
	
                Outstanding
                  Charges Registered at Company House

              	 	
                Debenture
                  dated 27 December 2006 in favour of Bank of Scotland.

                 

                Debenture
                  dated 10 January 2007 in favour of Bank of
                  Scotland.

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        2

       

      Details
        of the Sellers 

       

      
        	
                Name

              	 	
                Address

              	 	
                Number of

                Shares

              	 	
                Due

                Proportion

              	 
	
                Barry
                  Hatch

              	 	
                37
                  Twentywell View, Bradway, Sheffield,

                South
                  Yorkshire S17 4PX; and 

              	 	 	
                50

              	 	 	
                50

              	
                %

              
	 	 	 	 	 	 	 	 	 	 
	
                Ian
                  Stewart

              	 	
                Osborn
                  House, Padley Hill, Grindleford,

                Hope
                  Valley, Derbyshire S32 2HQ

              	 	 	
                50

              	 	 	
                50

              	
                %

              

      

       

      Part
        3

       

      The
        Initial Consideration

       

      
        	
                Name

              	 	
                Cash Consideration

              	 	
                Loan Notes

              	 	
                Consideration Shares

              	 
	 	 	 	 	 	 	 	 	 	 	 
	
                Barry
                  Hatch

              	 	 	
                USD$500,000

              	 	 	
                USD$1,250,000

              	 	 	
                112,500

              	 
	 	 	 	 	 	 	 	 	 	 	 
	
                Ian
                  Stewart

              	 	 	
                USD$500,000

              	 	 	
                USD$1,250,000

              	 	 	
                112,500

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

    

    Schedule
      2 - Warranties

     

    Part
      1: General Warranties

     

    
      	
              1.

            	
              Capacity
                and Ownership of the Sale
                Shares

            

    

     

    
      	
              (a)

            	
              The
                Sellers have the necessary power and authority and have taken all
                necessary actions to enter into and perform their obligations under
                this
                Agreement and each of the other Transaction Documents to which they
                are a
                party which will, when executed, become binding and enforceable
                obligations upon them.

            

    

     

    
      	
              (b)

            	
              The
                execution and delivery of, and the performance by the Sellers of
                their
                obligations under this Agreement and each of the other Transaction
                Documents to which they are a party will
                not:

            

    

     

    
      	 	
              (a)

            	
              result
                in a breach of, conflict with, or give rise to an event of default
                under,
                any agreement or arrangement to which the Sellers are party or by
                which
                either of them is bound;

            

    

     

    
      	 	
              (b)

            	
              relieve
                any other party to an agreement or arrangement with the Company of
                its
                obligations or enable it to terminate the agreement or
                arrangement;

            

    

     

    
      	 	
              (c)

            	
              result
                in the creation of any Encumbrance on any of the assets of the Company;
                or

            

    

     

    
      	 	
              (d)

            	
              result
                in a breach of any licence, permission or consent granted to the
                Company
                in respect of its business or of any undertaking to or order of any
                court,
                governmental body or regulatory
                body.

            

    

     

    
      	
              (c)

            	
              The
                Sellers are the sole legal and beneficial owner of the Sale Shares,
                and
                are entitled to sell the Sale Shares with full title guarantee on
                the
                terms set out in this Agreement free from all Encumbrances and without
                the
                consent of any third party. There are no litigation, arbitration,
                prosecution, administrative or other legal proceedings or disputes
                in
                existence or threatened against the Sellers in respect of the Sale
                Shares
                or of the Sellers’ entitlement to dispose of the Sale Shares and there are
                no facts known to the Sellers which are likely to give rise to any
                such
                proceedings or any such dispute.

            

    

     

    
      	
              (d)

            	
              Other
                than this Agreement, there is no agreement, arrangement or other
                obligation requiring the creation, allotment, issue, transfer, redemption
                or repayment of, or the grant to any person of the right to require
                the
                allotment, issue, transfer, redemption or repayment of any shares
                in the
                capital of the Company (including, without limitation, any option
                or right
                of pre-emption or conversion).

            

    

     

    
      	
              (e)

            	
              There
                is no Encumbrance on, over or affecting the Sale Shares or any unissued
                shares in the capital of the
                Company.

            

    

     

    
      	
              (f)

            	
              The
                Sale Shares has never been the subject of a transaction at an undervalue
                within the meaning of Part IX or Part VI of the Insolvency Act 1986.
                

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              2.

            	
              Corporate
                Information 

            

    

     

    
      	
              (a)

            	
              The
                details of the Company set out in Schedule 1 are true, complete and
                accurate in all respects. 

            

    

     

    
      	
              (b)

            	
              The
                Sale Shares constitute the whole of the Company’s allotted and issued
                share capital and are fully paid
                up.

            

    

     

    
      	
              (c)

            	
              The
                Company does not use and never have used any name for any purpose
                other
                than its full corporate name.

            

    

     

    
      	
              (d)

            	
              So
                far as the Sellers are aware, none of the assets of the Company have
                ever
                been the subject of a transaction at an undervalue within the meaning
                of
                Part IX or Part VI of the Insolvency
                Act 1986.

            

    

     

    
      	
              (e)

            	
              The
                Company has not at any time:

            

    

     

    
      	 	
              (a)

            	
              received
                any application or notice of any intended application under the provisions
                of the Act for the rectification of its register of
                members;

            

    

     

    
      	 	
              (b)

            	
              exercised
                nor purported to exercise or claim any lien over the Sale Shares
                and no
                call on the Sale Shares is
                outstanding;

            

    

     

    
      	 	
              (c)

            	
              given
                any financial assistance in connection with the purchase of any shares
                as
                would fall within the provisions of sections 151 to 157 of the
                Act;

            

    

     

    
      	 	
              (d)

            	
              repaid,
                redeemed or purchased or agreed to repay, redeem or purchase any
                of its
                own shares, debentures, or securities of any kind or reduced or agreed
                to
                reduce its share capital;

            

    

     

    
      	 	
              (e)

            	
              capitalised
                or agreed or resolved to capitalise any profits or reserves nor advanced
                or borrowed any loan or issued any share, debenture or other security
                in a
                manner giving rise to a distribution or deemed distribution nor made
                any
                other distribution (whether of income or capital) except dividends
                shown
                in its accounts; 

            

    

     

    
      	 	
              (f)

            	
              paid
                nor (in circumstances in which it may be required to repay all or
                part of
                the same by virtue of Section 277 of the Act) received any dividend
                or other distribution paid in breach of the
                Act.

            

    

     

    
      	
              (f)

            	
              The
                Company is in all respects duly organised and registered, validly
                existing
                for an indefinite duration under the laws of England and has all
                requisite
                corporate power to own, lease and operate its assets and to carry
                out its
                business as it is now being
                conducted.

            

    

     

    
      	
              (g)

            	
              No
                person is or has at any time been a shadow director of the Company
                within
                the meaning of section 741(2) of the
                Act.

            

    

     

    
      	
              (h)

            	
              The
                Company does not carry on business in partnership with any other
                person
                and is not a member of any partnership or other unincorporated
                association, joint venture or consortium (other than a recognised
                trade
                association) or party to any other profit or income sharing arrangement
                (same for any commission or profit sharing arrangement detailed in
                the
                contract of employment of any employee which is
                Disclosed).

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (i)

            	
              The
                Company has not or ever has had any branch, agency or place of business
                or
                permanent establishment outside the United
                Kingdom.

            

    

     

    
      	
              (j)

            	
              The
                Company has not or has ever owned or agreed to acquire any shares
                or any
                other interest in any other body
                corporate.

            

    

     

    
      	
              3.

            	
              Insolvency

            

    

     

    In
      respect of the Company:

     

    
      	 	
              (a)

            	
              no
                resolution has been passed, no petition has been presented and no
                order
                has been made for administration or winding up or for the appointment
                of a
                receiver or provisional liquidator and no procedure has been commenced,
                by
                the Registrar of Companies or any other person, with a view to striking
                off under section 652 of the Act;

            

    

     

    
      	 	
              (b)

            	
              it
                has not stopped paying its creditors, is not insolvent, and is not
                unable
                to pay its debts for the purposes of section 123 of the Insolvency
                Act 1986 and there is no unsatisfied judgement or order of any court
                or tribunal, or award of any arbitrator, against it and no distress,
                execution or other process has been levied against any of its
                assets;

            

    

     

    
      	 	
              (c)

            	
              no
                meeting of its creditors, or any class of them, has been held or
                summoned,
                no proposal has been made for a moratorium, composition or arrangement
                in
                relation to any of its debts, or for a voluntary arrangement under
                Part 1 of the Insolvency Act 1986;
                and

            

    

     

    
      	 	
              (d)

            	
              no
                event analogous to any of the above has occurred in any
                jurisdiction.

            

    

     

    
      	
              4.

            	
              Accounts
                and Management Accounts

            

    

     

    
      	
              (a)

            	
              The
                Accounts have been prepared in accordance with the requirements of
                all
                relevant statutes and regulations and in accordance with generally
                accepted accounting principles and practices in the United Kingdom
                at the
                date of their preparation and give a true and fair view of the assets
                and
                liabilities and state of affairs of the Company as at the Accounts
                Date
                and its profits and losses for the relevant period ended on the Accounts
                Date.

            

    

     

    
      	
              (b)

            	
              The
                Accounts disclose a true and fair view of all the assets and make
                adequate
                provision or reserve for or, as appropriate, disclose all bad and
                doubtful
                debts and all accruals and liabilities and to the extent necessary
                contain
                a note of all capital commitments whether actual or contingent of
                the
                Company as at the Accounts Date.

            

    

     

    
      	
              (c)

            	
              The
                balance sheets and profit and loss accounts of the Company for the
                financial year ended on the Accounts Date complied with the requirements
                of all relevant laws then in force and with all statements of standard
                accounting practice, all financial reporting standards and all applicable
                generally accepted accounting principles and practices of the United
                Kingdom then in force and which were applicable to
                Company.

            

    

     

    
      	
              (d)

            	
              The
                rate of depreciation adopted in the balance sheets of the Company
                the
                financial year ended on the Accounts Date in respect of each of the
                fixed
                assets of such company has been consistently applied over such period
                and
                was sufficient for each of the fixed assets of the Company to be
                written
                down to nil by the end of its useful working
                life.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (e)

            	
              No
                asset (whether fixed intangible investment or current) has been revalued
                upwards in the Accounts and no intangible asset has been brought
                into the
                Accounts.

            

    

     

    
      	
              (f)

            	
              The
                turnover, profits and/or losses of the Company shown by the profit
                and
                loss accounts of the Company for the financial year ended on the
                Accounts
                Date have not (except as disclosed therein) been affected by any
                unusual,
                extraordinary, exceptional, non-recurring or short term item or by
                any
                other matter which has rendered such turnover, profits or losses
                for all
                or any of such periods unusually or artificially high or
                low.

            

    

     

    
      	
              (g)

            	
              The
                Company has no amounts outstanding under any loan, guarantee, acceptance
                or other borrowing facilities and arrangements (including, without
                limitation, money raised by acceptances or debt factoring) and no
                outstanding foreign exchange commitments or exposures.
                

            

    

     

    
      	
              (h)

            	
              The
                Company has not, and will (other than as specifically required under
                the
                terms of this Agreement) not by virtue of any aspect of the transactions
                contemplated pursuant to this Agreement or any of the other Transaction
                Documents become bound or liable to be called upon to pay or repay
                prematurely any indebtedness or to pay or discharge any obligation
                under
                any guarantee, indemnity, surety, or security arrangement nor has
                failed
                to pay or repay any indebtedness or to meet any such obligation in
                full on
                the due date.

            

    

     

    
      	
              (i)

            	
              Since
                the Accounts Date: 

            

    

     

    
      	 	
              (a)

            	
              the
                business of the Company has been carried on in the normal and usual
                course
                so as to maintain it as a going concern;

            

    

     

    
      	 	
              (b)

            	
              there
                has been no material deterioration either in turnover or in the financial
                or trading position of the Company compared with the same period
                during
                the preceding year;

            

    

     

    
      	 	
              (c)

            	
              there
                has not been any material decrease in the assets or any material
                increase
                in the liabilities (including contingent liabilities) of the Company
                as
                shown in the Accounts except for changes arising from routine payments
                and
                from routine supplies of goods or services in the normal course of
                trading;

            

    

     

    
      	 	
              (d)

            	
              The
                Company has not acquired, let, licensed, exchanged, sold, transferred
                or
                otherwise disposed or parted with possession or ownership of or created
                any Encumbrance over or agreed to do any of the foregoing things
                in
                respect of any business or any material asset or assumed or acquired
                any
                material liability (including a contingent liability) otherwise than
                in
                the normal and usual course of business and there has been no change
                in
                the nature and scope of the Company’
business;

            

    

     

    
      	 	
              (e)

            	
              all
                payments, receipts and invoices of the Company have been properly
                recorded
                or accrued in the books of the
                Company;

            

    

     

    
      	 	
              (f)

            	
              the
                Company has maintained in satisfactory working condition and repair
                (taking into account their age and subject to ordinary wear and tear)
                and
                has not suffered the repossession by the owner under any hire purchase,
                leasing, rental or similar agreement of any of the plant and machinery,
                fixtures, fittings, equipment, vehicles and other assets represented
                in
                the Accounts or subsequently acquired by the
                Company;

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (g)

            	
              the
                Company has performed in all material respect in accordance with
                their
                terms all contracts and orders and has not discontinued obtaining
                new
                contracts and orders in the normal and proper course of
                trading;

            

    

     

    
      	 	
              (h)

            	
              the
                Company has not given any guarantee, indemnity, surety or security
                or
                entered into or incurred or assumed any contract or liability of
                a
                material or unusual nature or which is not in the normal course of
                trading
                consistent with past practice or pursuant to which the Company is
                required
                to make a payment in excess of £10,000 or periodic payments which involved
                or may involve total annual expenditure in excess of £10,000 per contract
                or commitment (or series or related associated contracts and/or
                commitments);

            

    

     

    
      	 	
              (i)

            	
              the
                Company has paid its creditors in accordance with their respective
                credit
                terms and there are no undisputed amounts owing by the Company which
                have
                been overdue for more than
                30 days;

            

    

     

    
      	 	
              (j)

            	
              the
                book debts shown in the Accounts have realised their nominal amount
                less
                any reserve for bad or doubtful debts included in the Accounts and
                no
                debtor has been released by the Company on terms that such debtor
                pays
                less than the book value of its debt and no debt owing to the Company
                has
                been deferred, subordinated or written off or has proved to any extent
                irrecoverable the Company has not incurred any bad or doubtful debt
                or
                learned of any circumstances making bad or doubtful any previously
                incurred debt;

            

    

     

    
      	 	
              (k)

            	
              the
                Company has not lent or borrowed any amount to or from any person
                or
                entity or entered into any borrowing, factoring or other financing
                or any
                lending commitments which are outside the normal course of
                trading;

            

    

     

    
      	 	
              (l)

            	
              the
                Company has not paid or accrued or become liable to pay any accounting,
                management and consultancy or other fees to or entered into any
                transaction with or for the benefit of the Sellers and has not entered
                into any transaction with or for the benefit of any of its directors
                or
                any persons connected with such
                directors;

            

    

     

    
      	 	
              (m)

            	
              the
                Company has not paid or made (or made any oral or written commitments
                or
                representation to pay or make) any bonus, increased or special salary,
                remuneration, benefits or gratuitous payment to any director, officer,
                employee or consultant or entered into or varied the terms of any
                employment, consulting, agency, agreement for personal services,
                compensation or severance agreement or arrangement with any such
                person,
                or paid any severance or termination
                pay;

            

    

     

    
      	 	
              (n)

            	
              the
                Company has not changed its accounting reference period;
                

            

    

     

    
      	 	
              (o)

            	
              the
                Company has not by reason of any default by it in its obligations,
                become
                bound or liable to be called upon to repay prematurely any loan capital
                or
                borrowed monies;

            

    

     

    
      	 	
              (p)

            	
              the
                Company has not declared, set aside, or paid any dividend or made
                any
                distribution;

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (q)

            	
              there
                has not been any capitalisation of reserves of the Company and the
                Company
                has not issued or agreed to issue any share or loan capital other
                than
                that issued at the Accounts Date and has not granted or agreed to
                grant
                any option in respect of any share or loan capital and the Company
                has not
                repaid any loan capital in whole or in part nor has it, by reason
                of any
                default by it in its obligations, become bound or liable to be called
                upon
                to repay prematurely any loan capital or borrowed
                monies;

            

    

     

    
      	 	
              (r)

            	
              there
                has been no resolution of or agreement by the members of the Company
                or
                any class thereof and in particular there has been no capital
                reorganisation or other change in the capital structure of the
                Company;

            

    

     

    
      	 	
              (s)

            	
              the
                Company has not incurred or assumed or agreed to incur or assume
                any
                costs, expenses or other liabilities of any nature other than in
                the
                normal and usual course of its
                business.

            

    

     

    
      	
              (j)

            	
              To
                the best of the Sellers’ knowledge, the accounts receivable (net of any
                reserves) included as part of the Net Working Capital will be fully
                collectable by the Company within 90 days of
                Completion.

            

    

     

    
      	
              (k)

            	
              The
                Management Accounts have been carefully prepared on a basis consistent
                with the previous monthly management accounts of the Company and
                in
                accordance with the accounting policies applied to the Accounts and
                having
                regard to the purpose for which they were drawn up fairly represent
                the
                assets, liabilities, profits, losses and general financial and trading
                position of the Company for the period as at and to the date to which
                they
                were made up to and are not affected by any unusual, extraordinary,
                exceptional, non-recurring or short term item or by any other matter
                which
                has rendered any item appearing in such Management Accounts for any
                period
                unusually or artificially high or
                low.

            

    

     

    
      	
              4.12

            	
              The
                March Figures have been carefully prepared on a basis consistent
                with the
                previous monthly gross sales figures of the Company and in accordance
                with
                the accounting policies applied to such figures and having regard
                to the
                purpose for which they were drawn up fairly represent the gross sales
                figures of the Company for the period as at and to the date to which
                they
                were made up to and are not affected by any unusual, extraordinary,
                exceptional, non-recurring or short term item or by any other matter
                which
                has rendered any item appearing in such figures for such period unusually
                or artificially high or low.

            

    

     

    
      	
              5.

            	
              Financial
                Commitments
                and Borrowings

            

    

     

    
      	
              (a)

            	
              Complete
                and accurate details of all overdraft, loan and other financial facilities
                available to the Company and the amounts outstanding under each of
                them at
                the close of business on the day preceding the date of this Agreement
                are
                set out in the Disclosure Letter and the Company has not done or
                omitted
                to do anything as a result of which the continuance of any of those
                facilities might be affected or prejudiced. There have been no payments
                out of any such accounts except for routine payments and the aggregate
                balance on all current accounts shall not be substantially different
                at
                Completion from the aggregate balance shown on such
                statements.

            

    

     

    
      	
              (b)

            	
              The
                Company has no outstanding or any other borrowing or indebtedness
                in the
                nature of borrowing or any guarantee, indemnity, surety or similar
                undertaking or agreement to procure the solvency of any person or
                payment
                by any person of any sum to a third party or any similar
                obligation.

            

    

     

    
      	
              (c)

            	
              The
                Company has not at any time factored its debts and has never engaged
                in
                financing of a type which would not require to be shown in its
                accounts.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (d)

            	
              There
                is not outstanding any Encumbrance on the whole or any part of the
                Company’s undertaking, goodwill, uncalled capital, properties or assets
                nor is the Company a party to or subject to any agreement, arrangement
                or
                commitment to give or create any
                Encumbrance.

            

    

     

    
      	
              (e)

            	
              No
                floating charge created by the Company has crystallised and, so far
                as the
                Sellers are aware, there are no circumstances existing which are
                likely to
                cause such a floating charge to crystallise and no notice has been
                received by the Company from any person intimating that such person
                will
                enforce any security which it may hold over all or any of the assets
                of
                the Company and, so far as the Seller are aware, there are no
                circumstances existing which are likely to give rise to such a
                notice.

            

    

     

    
      	
              (f)

            	
              The
                Company is not a party to and has never agreed to give, any guarantee,
                suretyship, indemnity or similar agreement or any agreement for the
                postponement of debt or for lien or set-off in respect of any other
                person.

            

    

     

    
      	
              (g)

            	
              The
                amounts borrowed by the Company from its bankers do not exceed any
                of its
                overdraft facilities and the total amount borrowed by the Company
                (from
                whatever source) does not exceed any limitation on its borrowing
                powers
                whether contained in its memorandum or articles of association or
                in any
                debenture or loan stock deed or other deed, document or agreement
                executed
                by the Company or on its behalf or to which it is
                subject.

            

    

     

    
      	
              (h)

            	
              No
                event has occurred or been alleged by any person which is, or with
                the
                passing of time or the giving of notice would become an event of
                default
                under or breach of any of the terms of any loan capital, borrowing,
                debenture or financial facility of the Company or which would entitle
                any
                person to call for repayment prior to normal maturity.
                

            

    

     

    
      	
              (i)

            	
              The
                Company does not have any outstanding capital commitments nor has
                entered
                into any leasing or hire purchase or similar commitment involving
                any
                asset with a capital value in excess of
£5,000.

            

    

     

    
      	
              (j)

            	
              There
                are no debts owing by the Company which are overdue for payment by
                more
                than four weeks.

            

    

     

    
      	
              (k)

            	
              The
                Company has not lent any money which has not been repaid nor owns
                the
                benefit of any debt other than debts accrued to it in the ordinary
                course
                of business.

            

    

     

    
      	
              (l)

            	
              The
                Company has no credit cards in issue in its own name or that of any
                officer or employee or any person connected with an officer or
                employee.

            

    

     

    
      	
              (m)

            	
              Having
                regard to the existing bank and other facilities available to the
                Company,
                the Company has sufficient working capital for the purposes of continuing
                to carry on its business in its present form and at its present level
                of
                turnover for a period of at least 12 months after
                Completion.

            

    

     

    
      	
              (n)

            	
              All
                of the borrowings of the Company may be repaid by it at any time
                on no
                more than one month’s notice and without any premium or penalty (howsoever
                called) on repayment.

            

    

     

    
      	
              (o)

            	
              The
                Company has not received notice from any lenders of any money requiring
                repayment or relating to term loan facilities becoming on demand
                or
                altering to the disadvantage of the Company the terms of any such
                facility
                or intimating the enforcement by any such lender of any security
                which it
                may hold over any assets of the Company and, so far as the Sellers
                are
                aware, there are no circumstances which would now (or which could
                with the
                giving of notice or lapse of time or both) give rise to any such
                notice.
                

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (p)

            	
              None
                of the facilities of the Company are dependent on the guarantee or
                support
                or indemnity of, or any security provided by, the Sellers or any
                other
                person.

            

    

     

    
      	
              6.

            	
              Statutory
                Books, Documents Filed
                and Information Provided

            

    

     

    
      	
              (a)

            	
              The
                copy of the memorandum and articles of association of the Company
                attached
                to the Disclosure Letter is accurate and complete in all respects,
                includes copies of all resolutions and documents required to be
                incorporated therein and fully sets out the rights and restrictions
                attaching to each class of the Company’s share capital.
                

            

    

     

    
      	
              (b)

            	
              All
                documents required to be filed with or delivered to the Registrar
                of
                Companies in respect of the Company have been duly filed and all
                legal
                requirements in connection with its conduct and with all issued shares,
                debentures and other securities thereof have been complied with in
                full.

            

    

     

    
      	
              (c)

            	
              The
                register of members and other statutory books of the Company have
                been
                properly kept and contain an accurate and complete record of the
                matters
                with which they should deal and no notice or allegation that any
                of them
                is incorrect or should be rectified has been
                received.

            

    

     

    
      	
              (d)

            	
              The
                accounting records of the Company comply with the requirements of
                sections 221 and 222 of the Companies Act 1985. The Company has
                maintained its books and records accurately and in accordance with
                generally accepted accounting principles and standards and such books
                and
                records accurately reflect in all material respects all transactions
                entered into by the relevant company and the Company’s current debtors and
                creditors.

            

    

     

    
      	
              (e)

            	
              The
                Company is in possession of all books, records, papers, deeds and
                documents relating to its business, assets and liabilities and does
                not
                have any of its records, systems, controls, data or information recorded,
                stored, maintained, operated or otherwise wholly or partly dependent
                on or
                held by any means which (including all means or access thereto and
                therefrom) are not under the exclusive ownership and direct control
                of the
                relevant company.

            

    

     

    
      	
              6.6

            	
              All
                statements of fact and other information in relation to the Company
                and
                its activities contained in the excel spreadsheets given by (or on
                behalf
                of) the Sellers to the Buyer headed “ZDP Financial Forecast 2008- 2009
                March 08 V4 Detail.xls (2MB)” and “ZDP 3 Year P&L Forecast 08-11.xls
                (55KB)” (which are attached to this Agreement as Appendix A) were true,
                complete and accurate in all respects when given and insofar as they
                or
                either of them have not been superseded, altered or varied by matters
                made
                known in writing to the Buyer on or prior to the date of this Agreement
                are now true, complete and accurate in all respects and there is
                no fact
                or matter not Disclosed which renders any such statements or information
                untrue or misleading because of any omission or ambiguity or for
                any other
                reason. To the extent that any such information in such excel documents
                consisted of statements of opinion, estimates, forecasts and/or
                projections, such information was provided in good faith and based
                upon
                reasonable assumptions and to the best of the Sellers’ knowledge and
                belief at the time.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              7.

            	
              Ownership
                and Condition of Assets

            

    

     

    
      	
              (a)

            	
              All
                the property and assets which are described and included in the Accounts
                or the other books and records of the Company and which are primarily
                used
                in connection with the business of the Company and which are in the
                ownership of the Company are:

            

    

     

    
      	 	
              (a)

            	
              legally
                and beneficially owned solely by the
                Company;

            

    

     

    
      	 	
              (b)

            	
              where
                capable of possession, in the possession or control of such company
                or it
                is entitled to take possession or control of such
                asset;

            

    

     

    
      	 	
              (c)

            	
              free
                from all Encumbrances (excepting only liens arising by operation
                of law in
                the normal course of trading) and there is not any agreement or commitment
                to give or create, and no claim has been made by any person entitled
                to
                any Encumbrance; and

            

    

     

    
      	 	
              (d)

            	
              situated
                in the United Kingdom.

            

    

     

    
      	
              (b)

            	
              None
                of the assets referred to in Paragraph (a)
                of
                this Schedule are the subject of any assignment, royalty, overriding
                royalty, factoring arrangement, leasing, rental or hiring agreement,
                hire
                purchase agreement for payment on deferred terms or any similar agreement
                or arrangement (excepting any retention of title Clauses in
                contracts).

            

    

     

    
      	
              (c)

            	
              The
                Company owns all assets which are necessary for the effective operation
                of
                its business.

            

    

     

    
      	
              (d)

            	
              All
                the equipment and vehicles owned or used by the Company are in
                satisfactory repair and working order taking into account their age
                and
                use and have been maintained as appropriate in the circumstances
                and no
                substantial repairs are in hand or required and none of such equipment
                or
                vehicles are in need of renewal or replacement.

            

    

     

    
      	
              (e)

            	
              The
                Company is not owed and does not owe any third party any sums in
                excess of
                £1,000, other than trade debts incurred in the normal and usual course
                of
                business.

            

    

     

    
      	
              (f)

            	
              All
                documents which in any way affect the right, title or interest of
                the
                Company in or to any of its assets and which attract stamp duty (or
                would
                do so if brought into the United Kingdom) or require to be stamped
                with a
                particular stamp denoting that no duty is chargeable or that the
                document
                has been produced to one appropriate authority have been duly stamped
                within the requisite period for
                stamping.

            

    

     

    
      	
              (g)

            	
              The
                Company has not received any sum, property or benefit, the payment
                or
                transfer of which is liable to be avoided, or which is liable to
                be
                recovered from it under any rule of law and does not hold any sum,
                property or right as trustee or constructive
                trustee.

            

    

     

    
      	
              8.

            	
              Contracts

            

    

     

    
      	
              (a)

            	
              The
                Disclosure Letter contains:

            

    

     

    
      	 	
              (a)

            	
              complete
                and accurate copies of all material written agreements of whatever
                nature
                entered into by the Company with any other person and complete and
                accurate details of any amendments or variations agreed to be made
                to any
                of such agreements; and

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (b)

            	
              where
                the Company is a party to any material agreement or arrangement with
                any
                third party which has not been recorded in writing sufficient details
                of
                such agreement or arrangement for the Buyer to understand the rights
                and
                obligations of the relevant company and the relevant third party
                in
                relation to the relevant agreement or
                arrangement.

            

    

     

    
      	
              (b)

            	
              Save
                as Disclosed, the Company is not a party or subject to or under a
                Liability in respect of nor has it undertaken (by assignment or otherwise)
                or made any offer or tender to enter into
                any:

            

    

     

    
      	 	
              (a)

            	
              contract
                of an onerous or long-term nature or to any contract which is known
                to be
                or which may become unprofitable or which cannot readily be fulfilled
                or
                performed by the Company on time and/or without undue or unusual
                expenditure of money or effort by the Company or to any contract
                or
                obligation outside the normal course of the Company’s
                business;

            

    

     

    
      	 	
              (b)

            	
              agreement,
                arrangement or understanding which is not terminable by the Company
                on
                less than 3 months’ notice without compensation or which in any
                respect is unusual having regard to the usual practice of the Company
                or
                other persons carrying on businesses similar to the Company’s
                business;

            

    

     

    
      	 	
              (c)

            	
              agreement
                or arrangement to which the Consumer Credit Act 1974 applies or in
                respect of which a direction has been made by or on behalf of the
                Director
                of Fair Trading;

            

    

     

    
      	 	
              (d)

            	
              contract
                or arrangement which is invalid or which is voidable or can be rescinded
                or repudiated by any party (including the Company) and the Company
                has not
                received or given notice of any intention to terminate any such agreement
                or arrangement or itself repudiated or disclaimed any such transaction;
                or

            

    

     

    
      	 	
              (e)

            	
              any
                agreement or arrangement (other than any agreement contained in the
                contract of employment of any employee which has been Disclosed)
                requiring
                it to pay any commission, finder’s fee or
                royalty.

            

    

     

    
      	
              (c)

            	
              The
                Company does not carry on any activities that constitute a regulated
                activity for the purposes of the Financial Services and Markets
                Act 2000 from inside or outside the United Kingdom nor has it ever
                carried on such activities.

            

    

     

    
      	
              (d)

            	
              There
                is not outstanding in connection with the business of the Company
                any
                material offer tender or the like which is capable of being converted
                into
                an obligation of the Company by an acceptance or other act of some
                other
                person firm or corporation and details of any potential contractual
                arrangements which are currently being negotiated or discussed are
                set out
                in the Disclosure Letter.

            

    

     

    
      	
              (e)

            	
              So
                far as the Sellers are aware there are no grounds for the invalidity
                of or
                for rescission, avoidance or repudiation of any agreement to which
                the
                Company is a party. No threat or claim of default under any agreement
                to
                which the Company is a party has been made and is outstanding against
                the
                Company or any contract counter-party. No notice of any intention
                to do
                any of the foregoing has been received or given by the Company. No
                party
                to any material agreement to which the Company is a party has given
                notice
                of its intention to terminate, or has sought to repudiate or disclaim,
                such agreement. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (f)

            	
              So
                far as the Sellers are aware the Company has never defaulted under
                any
                agreement, trust deed, instrument or any arrangement to which it
                is a
                party and no claim of any default has been made against the Company
                and no
                other party is in default under any agreement with the Company and
                there
                is nothing whereby any such agreement or arrangement may be terminated,
                rescinded, avoided or repudiated by any other party or whereby the
                terms
                of it may be worsened.

            

    

     

    
      	
              (g)

            	
              The
                Company has not given any power of attorney or any other authority
                (express, implied or ostensible) which is still outstanding or effective
                to any person to enter into any contract or commitment or do anything
                on
                its behalf (other than any authority of directors or employees to
                enter
                into routine trading contracts or similar agreements or arrangements
                in
                the normal course of their duties).

            

    

     

    
      	
              9.

            	
              Related
                Party Transactions

            

    

     

    
      	
              (a)

            	
              There
                are set out in the Disclosure Letter details of all goods and services
                provided to the Company by the Sellers (whether provided to the relevant
                company free of charge or at any cost) and which are used in the
                day to
                day operation of the business of the Company at
                Completion.

            

    

     

    
      	
              (b)

            	
              There
                are no outstanding debts (whether or not due for payment and including
                contingent liabilities), unfulfilled obligations (present or future,
                actual or contingent), claims or liabilities owing by or to the Company
                to
                or by the Sellers and there are no circumstances in existence which
                are
                likely to give rise to any such claim or liability.
                

            

    

     

    
      	
              (c)

            	
              The
                Sellers do not have any direct or indirect interest in any firm,
                company
                or other entity which is or is likely to be or become, competitive
                with
                the business of the Company (save as the beneficial owner of any
                class of
                securities of any company listed on a recognised investment exchange
                (as
                defined in the Financial Services and Markets Act 2000) and in respect
                of
                which a Sellers or such person is beneficially interested in less
                than
                five per cent of all the issued securities of that
                class).

            

    

     

    
      	
              (d)

            	
              There
                is not outstanding any contract or arrangement (whether in writing
                or not)
                to which the Company is a party or by which it is or might be affected
                in
                any way and in which the Sellers are or has been interested, directly
                or
                indirectly, and the Company is not a party to nor have its profits
                or
                financial position been affected by any contract or arrangement which
                is
                not of an entirely arm’s length
                nature.

            

    

     

    
      	
              10.

            	
              Employees

            

    

     

    
      	
              (a)

            	
              Particulars
                of the main terms and conditions of employment of all of the officers
                and
                employees of the Company (including, without limitation, details
                of their
                respective names, dates of birth, the date of commencement of their
                continuous period of employment, all remuneration, incentives, bonuses,
                expenses, commissions or profit sharing arrangements and other payments,
                share option schemes and other benefits whatsoever payable and where
                an
                employee has been continuously absent from work for more than one
                month,
                the reason for the absence) are set out in the Disclosure Letter.
                None of
                such officers or employees has given or received notice in writing
                terminating their employment.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (b)

            	
              There
                are no contracts of service with employees (whether or not in writing)
                which cannot be terminated by the Company by three months’ notice or less
                without giving rise to any claim for damages or compensation (other
                than a
                statutory redundancy payment or statutory compensation for unfair
                dismissal) and the Company has not given or received notice of resignation
                from any of its present employees.

            

    

     

    
      	
              (c)

            	
              Save
                as set out in the schedule of employees of the Company referred to
                in
                Paragraph (a)
                of
                this Schedule and attached to the Disclosure
                Letter:

            

    

     

    
      	 	
              (a)

            	
              the
                Company does not have any
                employees;

            

    

     

    
      	 	
              (b)

            	
              there
                are no terms and conditions of employment in place for any employee
                other
                than the Company written standard terms and conditions of employment,
                copies of which are attached to the Disclosure
                Letter;

            

    

     

    
      	 	
              (c)

            	
              no
                employee receives or is entitled (contingently or otherwise) to receive
                any bonus, commission, variable remuneration, insurance, benefit
                in kind,
                motor vehicle for private use or other reward other than wages or
                salary
                at a fixed rate.

            

    

     

    
      	
              (d)

            	
              The
                Company is not obliged to increase the total annual remuneration
                payable
                to its officers and employees other than as set out in their terms
                and
                conditions of employment, copies of each of which are attached to
                the
                Disclosure Letter. The Company has not offered or agreed to increase
                the
                present remuneration of, or altered or sought to alter the terms
                and
                conditions of employment of any of its current
                employees.

            

    

     

    
      	
              (e)

            	
              There
                is no liability, outstanding or contingent or anticipated, to any
                present
                or former employee of the Company (including, without limitation
                in
                respect of any PAYE, national insurance and/or pension contributions)
                other than remuneration accrued for the current wage or salary period
                or
                for reimbursement of normal business expenses and no present or former
                employee of the Company has notified the Company of any claim, against
                the
                Company or right to be indemnified by the Company arising out of
                an act or
                omission in the course of his office or employment or in relation
                to the
                termination of that office or employment on or before the date of
                this
                Agreement (whether under the Employment Rights Act 1996, Race
                Relations Act 1976, Equal Pay Act 1970, Sex Discrimination
                Act 1975, Sex Discrimination Act 1986, Disability Discrimination
                Act 1995, Working Time Regulations 1998, National Minimum Wage
                Act 1998 and the regulations made under such acts or regulations or
                any other act or otherwise). 

            

    

     

    
      	
              (f)

            	
              In
                relation to each of the present officers or employees of the Company,
                the
                Company has in all material
                aspects:

            

    

     

    
      	 	
              (a)

            	
              complied
                with all obligations imposed on it by articles of the Treaty establishing
                the European Community, European Commission regulations and directives
                and
                all statutes and regulations relevant to the relations between it
                and its
                employees;

            

    

     

    
      	 	
              (b)

            	
              maintained
                up to date, adequate and suitable records as are required regarding
                the
                service of each of its employees;

            

    

     

    
      	 	
              (c)

            	
              maintained
                up to date, adequate and suitable records as required by statute
                for the
                purposes of the Working Time Regulations 1998 and has complied with
                all other obligations to its workers (as defined in section 2 of such
                Regulations) under such Regulations and there are no claims pending
                or
                threatened by any present or former officer or employee of the Company
                or
                the Health and Safety Executive or any local authority Environmental
                Health Department or any trade union or employee representative related
                to
                the Working Time Regulations;

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (d)

            	
              complied
                with all collective agreements for the time being dealing with such
                relations or the conditions of service of its employees;
                and

            

    

     

    
      	 	
              (e)

            	
              complied
                with all relevant orders and awards made under any statute affecting
                the
                conditions of service of its
                employees.

            

    

     

    
      	
              (g)

            	
              No
                amounts due to or in respect of any of the officers or employees
                or former
                employees of the Company are in arrears or
                unpaid.

            

    

     

    
      	
              (h)

            	
              No
                claim for unfair dismissal has been made against the Company by any
                former
                employee in the last
                12 months.

            

    

     

    
      	
              (i)

            	
              No
                employment conditions of any employee of the Company nor anything
                that has
                occurred prior to the date of this Agreement will give rise to any
                claim
                for sex or age discrimination or equal pay either under domestic,
                United
                Kingdom or European law or for race
                discrimination.

            

    

     

    
      	
              (j)

            	
              No
                trade union, works council, staff association or other body representing
                employees is recognised in any way for bargaining, information or
                consultation purposes in relation to the employees of the Company
                and
                there are no agreements (whether legally binding or not) with any
                such
                representative body in relation to the employees and there is no
                dispute
                with any such representative body pending or
                threatened.

            

    

     

    
      	
              (k)

            	
              There
                is no plan, scheme, commitment, policy, custom or practice (whether
                legally binding or not) relating to redundancy affecting any of the
                employees of the Company which is more generous than statutory redundancy
                requirements. 

            

    

     

    
      	
              (l)

            	
              There
                is no agreement or arrangement between the Company and any of its
                employees or officers with respect to his or her employment, his
                or her
                ceasing to be employed or his or her retirement which is not included
                in
                the written terms of his or her employment and there is no agreement,
                arrangement, scheme or obligation for the payment of any pensions,
                allowances, lump sums or other like benefits on redundancy on retirement
                or on death or during periods of sickness or disablement for the
                benefit
                of any of the officers or employees of the relevant company or former
                officers or employees or for the benefit of dependants of such
                persons.

            

    

     

    
      	
              (m)

            	
              So
                far as the Sellers are aware all plans, schemes, commitments, policies,
                custom or practice for the provision of benefits to the Company employees
                comply in all respects with all relevant statutes, regulations and
                other
                laws and all necessary consents in relation to the same have been
                obtained
                and all governmental filings in relation to the same have been
                made.

            

    

     

    
      	
              (n)

            	
              So
                far as the Sellers are aware all obligations under statute and otherwise
                concerning the health and safety at work of the Company’ employees have
                been complied with.

            

    

     

    
      	
              (o)

            	
              There
                are no current litigation, arbitration or mediation or administrative
                or
                criminal proceedings against the Company by any current or former
                employee
                or third party in respect of any accident or
                injury.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (p)

            	
              The
                Company has not:

            

    

     

    
      	 	
              (a)

            	
              entered
                into any arrangement involving the acquisition of non-cash assets
                or
                disposal to;

            

    

     

    
      	 	
              (b)

            	
              granted
                any loan or quasi-loan to, entered into any guarantee or credit
                transaction with; or

            

    

     

    
      	 	
              (c)

            	
              provided
                any security in connection with any loan, quasi-loan or credit transaction
                with,

            

    

     

    any
      current or former director or any person connected with such a person.

     

    
      	
              (q)

            	
              Within
                the two years preceding Completion, the Company has been a party
                to a
                relevant transfer (as defined in the Transfer of Undertakings (Protection
                of Employment)
                Regulations 2006).

            

    

     

    
      	
              (r)

            	
              Save
                for the employees who are listed in the Disclosure Letter, details
                of any
                other persons who have at any time in the last 12 months been
                employed by the Company (including details of the role they were
                employed
                to perform, the date on which their employed terminated and the reason
                for
                their departure) are disclosed in the Disclosure Letter. There is
                not
                outstanding any offer of employment or engagement to work for the
                relevant
                company that has not yet been accepted, or that has been accepted
                but the
                relevant employment has not yet
                commenced.

            

    

     

    
      	
              10.19

            	
              So
                far as the Sellers are aware, no person other than the individuals
                listed
                as employees in the Disclosure Letter would be able to argue that
                he or
                she has the protections afforded to employees or workers under any
                employment legislation.

            

    

     

    
      	
              11.

            	
              Pensions

            

    

     

    
      	
              (a)

            	
              The
                Company has never entered into any agreement, sponsored, designated,
                participated in or contributed to any arrangement (whether or not
                closed,
                funded or approved) for providing pension or other benefits on, or
                in
                anticipation of, the retirement, death, accident or sickness of any
                current or former director or employee of the relevant company (for
                the
                purposes of this Paragraph 11
                of
                this Schedule, together “Employees”),
                nor has it agreed or announced any proposal to enter into or establish
                any
                such arrangement.

            

    

     

    
      	
              (b)

            	
              The
                Company has complied with its duty to facilitate access to a stakeholder
                pension scheme under section 3 Welfare Reform and Pensions
                Act 1999 and, in particular, it
                has:

            

    

     

    
      	 	
              (a)

            	
              after
                appropriate consultation, designated one or more stakeholder schemes
                for
                relevant Employees;

            

    

     

    
      	 	
              (b)

            	
              supplied
                information about the designated scheme to relevant Employees;
                and

            

    

     

    
      	 	
              (c)

            	
              allowed
                the scheme representatives reasonable access to relevant
                Employees.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              12.

            	
              Service
                Providers

            

    

     

    
      	
              (a)

            	
              Details
                of all consultants, contractors, agents and other persons engaged
                by the
                Company to provide any services of any nature to it (together the
                “Service
                Providers”)
                are set out in the Disclosure Letter and there is not outstanding
                any
                offer made by the Company to any such person to provide any services
                to
                either of them. 

            

    

     

    
      	
              (b)

            	
              Copies
                of all agreements containing the terms on which any existing Service
                Providers are engaged by the Company are attached to the Disclosure
                Letter
                and there are no material terms applicable to the engagement of any
                of
                such Service Providers which are not set out in such agreements.
                

            

    

     

    
      	
              13.

            	
              Litigation
                and Disputes

            

    

     

    
      	
              (a)

            	
              The
                Company is not in default under any agreement to which it is a party
                or in
                respect of any other obligation binding upon it and neither it nor
                any
                person for whose acts or defaults it is vicariously liable is claimant,
                defendant or otherwise a party to any litigation, arbitration or
                administrative proceedings which are in progress or have been threatened
                or are pending by or against or concerning each of them or any of
                its
                assets and, so far as the Sellers are aware, there are no circumstances
                in
                existence which may give rise to any of the
                foregoing.

            

    

     

    
      	
              (b)

            	
              The
                Sale Shares were not purchased or subscribed for by the Sellers with
                funds
                derived from criminal proceeds.

            

    

     

    
      	
              (c)

            	
              The
                Company nor any employee, officer, agent or former officer, agent
                or
                employee of a member of the Company have not been convicted of any
                offence
                in relation to either of them, and no employee or officer has to
                the
                knowledge of the Sellers been convicted of any offence which reflects
                upon
                his or her suitability to hold his or her position or upon the reputation
                of either of them.

            

    

     

    
      	
              (d)

            	
              The
                Company is not being or ever has been prosecuted for any criminal
                offence
                and there are no circumstances in existence likely to lead to any
                such
                prosecution.

            

    

     

    
      	
              14.

            	
              Property
                

            

    

     

    
      	
              14.1

            	
              Copies
                of all agreements containing the terms on which any freehold or leasehold
                property is currently owned, leased or used by the Company are attached
                to
                the Disclosure Letter and there are no material terms applicable
                to the
                Property which are not set out in such
                agreements.

            

    

     

    
      	
              14.2

            	
              The
                Property is the only land and premises (freehold or leasehold) owned,
                used
                or occupied by the Company and the Company has never been a party
                to any
                lease or licence in respect of which any actual or contingent obligations
                may subsist.

            

    

     

    
      	
              14.3

            	
              The
                Company has in its possession all deeds and documents of title necessary
                to prove good title to the
                Property.

            

    

     

    
      	
              14.4

            	
              There
                are no disputes or outstanding notices which
                may materially or adversely affect the
                value of the Property or the proper use and enjoyment of the Property
                for
                the purpose of the business now being carried on or at the Property
                by the
                Company nor are there any matters or things known to the Sellers
                and which
                are not apparent from an inspection of the Property which may materially
                or adversely affect the value of the Property or the proper use and
                enjoyment thereof.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              14.5

            	
              The
                Company has not received any notice of breach of any covenants,
                restrictions, reservations, conditions, agreements, statutory
                requirements, bylaws, orders, building regulations and other stipulations
                and regulations affecting the Property and the use of the
                Property.

            

    

     

    
      	
              14.6

            	
              All
                outgoings payable under the
                terms of the Lease have been paid to date including rent, service
                charge
                and insurance and no notice of any alleged breach or non-observance
                of any
                of the terms of such Lease has been served on the
                Company.

            

    

     

    
      	
              14.7

            	
              The
                Company has exclusive vacant possession and occupation of the Property
                and
                the Property is not subject to any lease, tenancy, licence to occupy
                or
                agreement to grant any of them nor
                are the Sellers aware of any person who has or claims to have any
                interest, right or easement of any kind in respect of the Property
                adverse
                to the interest or title therein of the
                Company.

            

    

     

    
      	
              14.8

            	
              The
                Company has not received notice of any disputes concerning boundaries,
                easements, covenants or other matters relating to the Property or
                its use
                and occupation and there are no pending or anticipated disputes,
                actions,
                claims or demands in respect of the
                Property.

            

    

     

    
      	
              14.9

            	
              The
                written replies given by or on behalf of the Sellers to enquiries
                before
                contract raised by or on behalf of the Buyer relating in any way
                to the
                Properties are true and accurate in all
                respects.

            

    

     

    
      	
              15.

            	
              Insurances

            

    

     

    
      	
              (a)

            	
              The
                Company maintains, and at all material times has maintained the level
                of
                insurance cover which it is contractually and legally required so
                to
                do.

            

    

     

    
      	
              (b)

            	
              Copies
                of all insurance policies effected by the Company are attached to
                the
                Disclosure Letter and so far as the Sellers are aware all such insurance
                policies are currently in full force and effect and any premiums
                due in
                respect of such policies have been
                paid.

            

    

     

    
      	
              (c)

            	
              The
                Company has not done or omitted to do or suffered anything to be
                done or
                not to be done which has or, so far as the Sellers are aware, is
                likely to
                render any policies of insurance taken out by it void or voidable
                or which
                will result in an increase in the rate of premiums on the said policies
                and there are no claims outstanding and, so far as the Sellers are
                aware,
                no circumstances which would give rise to any claim under any policies
                of
                insurance.

            

    

     

    
      	
              (d)

            	
              So
                far as the Sellers are aware there are no outstanding claims against
                the
                Company in respect of any professional negligence, product liability
                or of
                any accident or injury (whether to property or to person) which is
                not
                fully covered by insurance.

            

    

     

    
      	
              16.

            	
              Business
                Intellectual Property

            

    

     

    
      	
              (a)

            	
              Complete
                and accurate particulars of all the intellectual property rights
                in
                relation to which the Company is the sole unencumbered legal and
                beneficial owner and, where registered, the sole registered proprietor
                are
                set out in the Disclosure Letter.

            

    

     

    
      	
              (b)

            	
              For
                the purposes of this Schedule, “Business
                Intellectual Property”
                means all material Intellectual Property used by the Company in the
                business of the Company at any time prior to Completion including,
                without
                limitation, the Owned IP and the Licensed
                IP.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (c)

            	
              Complete
                and accurate particulars of all material unregistered Owned IP and
                complete and accurate particulars as to ownership and registration
                (and
                applications therefor) of any registered Owned IP, including priority
                and
                renewal dates where applicable, are set out in the Disclosure
                Letter.

            

    

     

    
      	
              (d)

            	
              So
                far as the Sellers are aware each and every part of the Owned IP
                is valid,
                subsisting and enforceable and not subject to any limit as to time
                or any
                other limitation, right of termination, reassignment or
                restriction.

            

    

     

    
      	
              (e)

            	
              So
                far as the Sellers are aware none of the Business Intellectual Property
                is
                the subject of any pending or threatened proceedings for opposition,
                cancellation, revocation or rectification or claims by any person
                (including, without limitation, from the Sellers or any employees
                or
                former employees of the Company) and, so far as the Sellers are aware,
                there are no facts or matters in existence (including but without
                limitation acquiescence in the activities of third parties) which
                might
                give rise to any such proceedings or to any threat to the validity
                or
                enforceability of the Business Intellectual
                Property.

            

    

     

    
      	
              (f)

            	
              All
                application and renewal fees and costs and charges regarding the
                Owned IP
                due on or before Completion have been paid in
                full.

            

    

     

    
      	
              (g)

            	
              The
                Company has not granted or entered into, and is not obliged to grant
                or
                enter into, any agreement, arrangement or understanding (whether
                legally
                enforceable or not) for the licensing or otherwise permitting or
                authorising the use or exploitation of the Business Intellectual
                Property
                by third parties or which prevent, restrict or otherwise inhibit
                the
                Company's freedom to use and fully exploit the Owned IP (whether
                now or in
                the future). 

            

    

     

    
      	
              (h)

            	
              All
                Licensed IP is licensed by the Company under the agreements licences,
                consents or other documentation appended to the Disclosure Letter
                (the
                "IP
                Licences").
                So far as the Sellers are aware all the IP Licences are valid and
                subsisting (and will continue to be so notwithstanding Completion).
                Neither the Company nor any other party to any of the IP Licences
                is in
                breach of any of the provisions thereof and there are no circumstances
                that may give rise to the early termination of any of the IP
                Licences.

            

    

     

    
      	
              (i)

            	
              So
                far as the Sellers are aware none of the Owned IP is currently being
                infringed or has been so infringed in the 12 month period preceding
                Completion and no third party has threatened any such infringement
                and nor
                is it the subject of any claim for ownership or compensation by any
                third
                party or any criminal investigation or prosecution in relation
                thereto.

            

    

     

    
      	
              (j)

            	
              Other
                than the IP Licences, the carrying on of the Company's business as
                presently constituted does not require any licences or consents from
                or
                the making of royalty or similar payments to any third
                party.

            

    

     

    
      	
              (k)

            	
              So
                far as the Sellers are aware the Company is not, and has not for
                the 12
                month period prior to Completion been, engaged in any activities
                which,
                and none of the Company's activities, processes or products, infringe
                any
                Intellectual Property or other rights belonging to or vested in any
                third
                party.

            

    

     

    
      	
              (l)

            	
              There
                are no outstanding claims against the Company, and the Sellers are
                not
                aware of any circumstances that may give rise to any such claim,
                for
                infringement of any Business Intellectual Property and no such claims
                have
                been settled by the giving of any undertakings which remain in
                force.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (m)

            	
              The
                Company does not carry on business or sell any product or service
                under
                any name other than its corporate name and the trading names, trade
                marks,
                current product names and other trading styles as disclosed to the
                Buyer
                in the Disclosure Letter.

            

    

     

    
      	
              (n)

            	
              Save
                as Disclosed, the Company has not granted or entered into, nor is
                obliged
                to grant or enter into, any agreement, arrangement or understanding
                (whether legally enforceable or not) for the licensing or otherwise
                permitting or authorising the use or exploitation of any Owned IP
                by any
                third parties. Where the Company has granted or entered into any
                such
                agreement, arrangement or understanding as Disclosed, it is not in
                breach
                of any of those agreements, arrangements or understandings prior
                to the
                date of Completion.

            

    

     

    
      	
              (o)

            	
              The
                Company does not use any processes or are engaged in any activities
                which
                involve the misuse of any confidential information belonging to any
                third
                party or any alleged misuse and the Sellers nor the Company has received
                any notice of any such misuse by any third party. Neither the Company
                nor
                the Sellers are aware of any actual or alleged misuse by any person
                of any
                of their confidential information. 

            

    

     

    
      	17.	
              Computer
                Systems

            

    

     

    
      	
              (a)

            	
              All
                the computers and computer systems owned by the Company or used by
                or on
                behalf of the Company (including software, peripherals, communication
                links, storage media):

            

    

     

    
      	 	
              (a)

            	
              are
                in satisfactory operating order and are fulfilling the purposes for
                which
                they were acquired or established in an efficient manner without
                material
                failures, downtime or errors;

            

    

     

    
      	 	
              (b)

            	
              have
                adequate capacity for the Company’s present
                needs;

            

    

     

    
      	 	
              (c)

            	
              on
                the date of this Agreement, have adequate security, back-up systems,
                duplication, hardware and software support and maintenance (including
                emergency cover) and trained personnel to ensure that breaches of
                security, errors and breakdowns are kept to a minimum and that the
                availability, confidentiality and integrity of data held or transmitted
                by
                the computer systems used by the Company are preserved;
                

            

    

     

    
      	 	
              (d)

            	
              are
                under the sole control of the Company, are located in premises within
                the
                United Kingdom occupied by it, are not shared with or used by or
                on behalf
                of or accessible by any other person;
                and

            

    

     

    
      	 	
              (e)

            	
              comply
                with and are used in accordance with the Data Protection Act 1998
                (the “Data
                Protection Legislation”)
                and the data protection principles established under the Data Protection
                Legislation.

            

    

     

    
      	
              (b)

            	
              The
                Company has not suffered any major failures or bugs in or breakdowns
                of
                any of the computer systems (including hardware and software) which
                it
                currently uses in its business or in any website which have resulted
                in
                significant or repeated disruption or loss or interruption in or
                to its
                use. 

            

    

     

    
      	
              (c)

            	
              All
                software used on or stored or resident in the Company’s said computers or
                computer systems:

            

    

     

    
      	
            	(a)	
              performs
                satisfactorily and without any apparent
                defect;

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	(b)	
              is
                lawfully held and used and so far as the Sellers are aware does not
                infringe the copyright or other Intellectual Property of any person
                and
                all copies held have been lawfully made;
                and

            

    

     

    
      	
            	(c)	
              as
                to the copyright therein, in the case of software written or commissioned
                by the Company, is owned exclusively by it, no other person has rights
                therein or rights to use or copies of the software or source codes,
                and
                complete written listings and written copies of the source codes
                for the
                software are held by it.

            

    

     

    
      	
              (d)

            	
              So
                far as the Sellers are aware, no person is in a position, by virtue
                of his
                rights in, knowledge of or access to any of the computer systems
                used by
                the Company or any part of them (including software) to prevent or
                impair
                the proper and efficient functioning of the computer
                systems.

            

    

     

    
      	
              (e)

            	
              The
                Company is the sole registered owner of the domain names Disclosed
                in the
                Disclosure Letter.

            

    

     

    
      	
              18.

            	
              Data
                Protection

            

    

     

    
      	
              (a)

            	
              The
                Company has obtained and maintained in force all registrations necessary
                under the Data Protection Legislation in relation to its business
                including, without limitation, all necessary registrations relating
                to the
                obtaining, holding, processing, transfer and disclosure of personal
                data
                effected by it (including, without limitation, to the
                Buyer).

            

    

     

    
      	
              (b)

            	
              The
                Company has duly complied with and currently complies with all
                requirements under the Data Protection Legislation including, without
                limitation:

            

    

     

    
      	 	
              (a)

            	
              the
                data protection principles set out under the Data Protection Act
                1998;

            

    

     

    
      	 	
              (b)

            	
              requests
                from individuals for access to person data held by
                it;

            

    

     

    
      	 	
              (c)

            	
              the
                requirements relating to the registration and/or notification of
                processing of personal data; and

            

    

     

    
      	 	
              (d)

            	
              where
                necessary, under the Data Protection Act 1998, acquiring the consent
                of
                the data subjects to the processing of personal data relating to
                them has
                been obtained.

            

    

     

    
      	
              (c)

            	
              The
                Company has not received a notice from or any other correspondence
                from
                the Information Commissioner regarding non-compliance or alleged
                non-compliance by it with any provision of the Data Protection
                Acts 1984 and 1998 (including, without limitation, the data
                protection principles) and, so far as the Sellers are aware, no individual
                has alleged that it has failed to comply with the provisions of any
                Data
                Protection Legislation or claimed compensation from it under such
                legislation including for unauthorised disclosure of personal data
                and
                there are no circumstances existing which might give rise to the
                it
                receiving such a notice or might give rise to such an allegation
                being
                made.

            

    

     

    
      	
              19.

            	
              Legal
                Matters 

            

    

     

    
      	
              (a)

            	
              The
                Company has at all times conducted its business in accordance with
                its
                memorandum and articles of association and all applicable law and
                regulations of any jurisdiction in which it carries on business and,
                so
                far as the Sellers are aware, there has been no violation of, or
                default
                with respect to, any order or judgement of any court, tribunal,
                governmental agency or regulatory authority in any jurisdiction which
                has,
                or could have, a material adverse effect on its assets or
                business.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (b)

            	
              Due
                compliance has been made with the provisions of the Act and other
                legal
                requirements in connection with the formation of the Company, the
                allotment and issue, purchase and redemption of shares, debentures
                or
                other securities, the payment of dividends, any reduction of share
                capital
                and the conduct of its business and no notice or allegation has been
                received that any of the foregoing is incorrect or should be
                rectified.

            

    

     

    
      	
              (c)

            	
              So
                far as the Sellers are aware there is no ongoing governmental, regulatory
                or other investigation, enquiry or disciplinary action regarding
                the
                Company or any of its activities and, in so far as the Sellers are
                aware,
                none is pending or threatened there are no circumstances known to
                the
                Sellers which could give rise to such an investigation, enquiry or
                action.

            

    

     

    
      	
              19.4

            	
              The
                Company has all necessary licences, permissions, authorisations and
                consents (together the “Licences”) (full details of which are Disclosed)
                required for the proper carrying on of its business in any part of
                the
                world and each Licence is valid, in force and unconditional or subject
                only to a condition that has been fulfilled and under which no further
                action is required.

            

    

     

    
      	
              20.

            	
              Competition
                and Trade Regulation Law

            

    

     

    
      	
              (a)

            	
              There
                are no agreements, arrangements or understandings in force restricting
                the
                freedom of the Company to provide and take goods or services or to
                otherwise conduct its trade and business by such means and from and
                to
                such persons as it may from time to time think
                fit.

            

    

     

    
      	
              (b)

            	
              The
                Company is not nor has been party to any agreement, arrangement,
                concerted
                practice or course of conduct which so far as the Sellers are aware
                infringes any competition, anti-restrictive trade practice, anti-trust
                law
                or legislation applicable in the United Kingdom or
                elsewhere.

            

    

     

    
      	
              (c)

            	
              The
                Company is not in a dominant position in a market in the European
                Community or European Economic Area, or a substantial part of a market
                in
                the European Community or European Economic Area, for the purposes
                of
                Article 82 of the Treaty of Rome and Article 54 of the Agreement
                on the European Economic Area.

            

    

     

    
      	
              (d)

            	
              The
                Company has not received any process, notice or other communication
                (whether formal or informal) by or on behalf of the Office of Fair
                Trading
                or the European Commission or any other authority of any country
                or any
                political or administrative sub-division thereof having jurisdiction
                in
                competition, anti-trust or analogous regulatory matters in relation
                to any
                aspect of its business or any agreement or arrangement to which it
                is or
                is alleged to be a party and, so far as the Sellers are aware, there
                are
                no matters which exist which make it likely to receive any such process,
                notice or communication.

            

    

     

    
      	
              (e)

            	
              The
                Company has never ever received, any aid (as that term is understood
                for
                the purposes of Articles 87 to 89 of the Treaty of Rome) from a
                Member State of the European Community or from State resources and
                it is
                not aware of any investigation, complaint, action or negative decision
                in
                relation to the receipt or alleged receipt by it of any aid or alleged
                aid
                or of any such threatened investigation, complaint, action or negative
                decision.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              21.

            	
              The
                Games 

            

    

     

    
      	
              (a)

            	
              The
                Company is the sole legal and beneficial owner, registered proprietor
                or
                licensee of all of the Games, free from any
                Encumbrances.

            

    

     

    
      	
              (b)

            	
              Full
                and complete details of all Games and copies of any licences and
                other
                agreements relating to them (including, without limitation, their
                Exploitation) are Disclosed.

            

    

     

    
      	
              (c)

            	
              All
                royalties and other payments due to any third party by the Company
                in
                respect of the development and/or Exploitation of the Games prior
                to
                Completion have been paid in full and in accordance with the terms
                of the
                relevant contracts. For the purposes of this paragraph 21, “Exploit”
                shall mean to reproduce, manufacture, publish, market, distribute,
                sell,
                licence, disseminate, communicate, make available, diffuse, perform,
                display, exhibit, show, play, transmit, re-transmit, download, rent,
                hire,
                lend, issue to the public and otherwise exploit and authorise any
                third
                party to do any of the foregoing and “Exploitation”
                shall be construed accordingly.

            

    

     

    
      	
              (d)

            	
              The
                Company enjoys good relations with all contributors to the Games
                and the
                Sellers have no knowledge of any disputes or disagreements with any
                of
                them which would result in them failing to perform their obligations.
                No
                loans have been made to such persons nor has any agreement been entered
                into to pay sums for or on behalf of any of them other than as Disclosed
                and the Company does not have the custom of granting perquisites
                to any of
                them.

            

    

     

    
      	
              (e)

            	
              The
                Company has not received any notification from third parties at the
                date
                hereof of their intention to audit or inspect the books and records
                of the
                Company pertaining to any of the
                Games.

            

    

     

    
      	
              (f)

            	
              Attached
                to the Disclosure Letter is an up to date accurate and complete
                publication release schedule of all Games developed, in development,
                Exploited and/or to be Exploited by the Company. The Sellers have
                disclosed all material correspondence relating to the progress of
                uncompleted Games. None of the completion dates stated therein have
                been
                delayed and the Sellers have no reason to believe that any such dates
                falling after Completion will be
                delayed.

            

    

     

    
      	
              (g)

            	
              All
                contributors to the Games (other than Games which have not been produced
                by or for the Company or in respect of which the rights have not
                been
                assigned to the Company) have been either employees of the Company
                or have
                assigned all Intellectual Property in their work to the
                Company.

            

    

     

    
      	
              (h)

            	
              Work-in-progress
                in respect of the Games is at its normal level having regard to current
                orders and to orders reasonably anticipated from customers of the
                Company
                and attached to the Disclosure Letter is a true complete list of
                all work
                in progress.

            

    

     

    
      	
              (i)

            	
              Accurate
                copies of all licences or other agreements or arrangements concerning
                rights to the Games have been sent to the Buyer and there has been
                no
                other agreement or arrangement to grant rights to another to exploit
                any
                of the Games entered into.

            

    

     

    
      	
              (j)

            	
              So
                far as the Sellers are aware the Company’s Exploitation of the Games has
                not infringed the Intellectual Property of any third party and, after
                Completion, the Company will be entitled to continue to Exploit the
                Games
                and such Exploitation will not infringe the Intellectual Property
                of any
                third party.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Part
      2: Tax Warranties

     

    
      	
              1.

            	
              Definitions

            

    

     

    In
      this
      Part 2 of Schedule 2:

     

    
      	1.1	
              Paragraphs
                1.2, 1.3 and 1.4 of the Tax Covenant shall
                apply.

            

    

     

    
      	
              1.2

            	
              References
                to any provision of an enactment are references to it as from time
                to time
                amended, consolidated or re-enacted (with or without modification),
                and
                also include any provision replaced by such provision.
                

            

    

     

    
      	
              2.

            	
              General/Compliance

            

    

     

    Accounts

     

    
      	
              2.1

            	
              All
                liabilities, whether actual, deferred, contingent or disputed, of
                each
                Company for tax measured by reference to income, profits or gains
                earned,
                accrued or received on or before the Accounts Date or arising in
                respect
                of an event occurring or deemed to occur on or before the Accounts
                Date
                are properly provided for or (as appropriate) disclosed in the Accounts
                to
                the extent required by UK GAAP. All other warranties relating to
                specific
                tax matters set out in this Schedule are made without prejudice to
                the
                generality of this paragraph.

            

    

     

    Position
      since Accounts Date

     

    
      	2.2	
              Since
                the Accounts Date:

            

    

     

    
      	 	
              (a)

            	
              the
                Company has not been involved in any transaction which has given
                or may
                give rise to a liability to tax on the Company (or would have given
                or
                might give rise to such a liability but for the availability of any
                Relief) other than tax in respect of normal trading income or receipts
                of
                the Company concerned arising from transactions entered into by it
                in the
                ordinary course of business;

            

    

     

    
      	 	
              (b)

            	
              no
                event has occurred which has or may have the effect of prejudicing
                any
                Relief taken into account in computing or eliminating the provision
                for
                deferred tax contained in the Accounts;
                and

            

    

     

    
      	 	
              (c)

            	
              no
                accounting period (as defined in section 12 of the Taxes Act) of
                the
                Company has ended as referred to in section 12(3) of that
                Act.

            

    

     

    Continuing
      commitments

     

    
      	
              2.3

            	
              All
                revenue sums greater than £10,000 payable under any obligation incurred by
                the Company prior to Completion and which will continue to bind the
                Company after Completion have been deductible for the purposes of
                corporation tax (or any corresponding tax on profits in any relevant
                foreign jurisdiction), either in computing the profits of the Company
                or
                in computing the corporation tax or corresponding tax chargeable
                on
                them.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Returns
      etc

     

    
      	
              2.4

            	
              The
                Company has duly, made all returns, given all notices and supplied
                all
                other information required to be supplied to all relevant tax authorities
                in the last six years and maintains all records required to be maintained
                for tax purposes; all such information was and remains complete and
                accurate in all material respects and all such returns and notices
                were
                and remain complete and accurate in all material respects and were
                made on
                the proper basis and do not, and so far as the Sellers are aware
                are not
                likely to, reveal any transactions which may be the subject of any
                dispute
                with, or any enquiry raised, by any tax
                authority.

            

    

     

    Disputes,
      investigations

     

    
      	
              2.5

            	
              The
                Company is not involved in any current dispute with any tax authority
                or
                is or has in the last six years been the subject of any investigation,
                enquiry, audit or non-routine visit by any tax authority. So far
                as the
                Sellers are aware in relation to the Company there is no planned
                investigation, enquiry, audit or non-routine visit by any tax authority
                and there are no facts which might cause such an investigation, enquiry,
                audit or non-routine visit to be
                instituted.

            

    

     

    Penalties,
      interest

     

    
      	
              2.6

            	
              Within
                the past three years, neither the Company nor any director or officer
                of
                the Company (in his capacity as such) has paid or become liable to
                pay,
                and there are no circumstances by reason of which it or they may
                become
                liable to pay to any tax authority, any penalty, fine, surcharge
                or
                interest in respect of tax (including in respect of any failure to
                make
                any return, give any notice or supply any information to any relevant
                tax
                authority, or any failure to keep or preserve any records or to pay
                tax on
                the due date for payment).

            

    

     

    Consents,
      clearances

     

    
      	
              2.7

            	
              No
                transaction in respect of which any consent or clearance was required
                or
                sought from any tax authority has been entered into or carried out
                by the
                Company without such consent or clearance having first been properly
                obtained and all information supplied to any tax authority or other
                appropriate authority in connection with any such consent or clearance
                fully and accurately disclosed all facts and circumstances material
                to the
                giving of such consent or clearance. Any transaction for which such
                consent or clearance was obtained has been carried out only in accordance
                with the terms of such consent or clearance and the application on
                which
                the consent or clearance was based and at a time when such consent
                or
                clearance was valid and effective. No facts or circumstances have
                arisen
                since any such consent or clearance was obtained which would cause
                the
                consent or clearance to become invalid or
                ineffective.

            

    

     

    Special
      arrangements

     

    
      	
              2.8

            	
              No
                tax authority has operated or agreed to operate any special arrangement
                (being an arrangement which is not based on relevant legislation
                or any
                published practice) in relation to the Company’s affairs which is in force
                at Completion.

            

    

     

    Administration

     

    
      	
              2.9

            	
              In
                relation to the Company, the Disclosure Letter gives full details
                of all
                assessments to tax made by any tax authority, and any determinations
                or
                directions made by any tax authority of or in relation to amounts
                of tax
                or relevant to the calculation of tax, which are subject to
                appeal.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Corporation
      Tax instalment payments

     

    
      	
              2.10

            	
              the
                Company is not a large company within the meaning of Regulation 3
                of The
                Corporation Tax (Instalment Payments) Regulations
                1998.

            

    

     

    Outstanding
      rights

     

    
      	
              2.11

            	
              The
                Disclosure Letter gives details of the rights of the Company which
                have
                not, at the time of Completion, been exercised, to make any claim
                for
                Relief and any rights to make an appeal against an assessment of
                any
                tax.

            

    

     

    Withdrawal
      etc. of Reliefs after Completion

     

    
      	
              2.12

            	
              No
                Relief has been claimed by and/or given to the Company, or taken
                into
                account in determining or eliminating any provision for tax or deferred
                tax in the Accounts, which could or might be effectively withdrawn,
                postponed, restricted or otherwise lost as a result of the sale and
                purchase hereunder.

            

    

     

    Withholdings

     

    
      	
              2.13

            	
              The
                Company has made all deductions and retentions of or on account of
                tax as
                it was or is obliged or entitled to make and all such payments of
                or on
                account of tax as should have been made to any tax authority in respect
                of
                such deductions or retentions.

            

    

     

    
      	3.	
              Employees/Pensions

            

    

     

    
      	
              3.1

            	
              All
                National Insurance contributions and sums payable to HM Revenue &
                Customs under the P.A.Y.E. system and any amounts of a corresponding
                nature payable to any foreign tax authority due and payable by the
                Company
                up to the date hereof have been paid and the Company has made all
                such
                deductions and retentions as should have been made under section
                203 to
                203J of the Taxes Act and Part 11 of ITEPA and all regulations made
                thereunder or under any comparable laws or regulations of any relevant
                foreign jurisdiction.

            

    

     

    
      	
              3.2

            	
              The
                Company has not adopted nor operates, nor is part of any scheme approved,
                or for which approval has been or is to be sought, under section
                202 of
                the Taxes Act (Charities: Payroll Deduction
                Scheme).

            

    

     

    
      	
              3.3

            	
              Since
                the Accounts Date, no payment has been made to the Company to which
                section 601 of the Taxes Act applies (pension scheme surpluses: payments
                to employers).

            

    

     

    
      	
              3.4

            	
              No
                tax relief for any contribution made or that may be made to any pension
                scheme after the Accounts Date could be restricted under section
                112 of
                the Finance Act 1993 by reference to contributions made in or provisions
                for contributions made in respect of any period ending on or prior
                to the
                Accounts Date.

            

    

     

    
      	
              4.

            	
              Capital
                Assets

            

    

     

    
      	
              4.1

            	
              If
                the Company disposed of each of its assets (except trading stock
                and
                work-in-progress) for a consideration equal to the book value of
                that
                asset as shown in or adopted for the purposes of the Accounts to
                a person
                not connected with it and by way of bargain at arm's length, no liability
                to tax would arise by reference to any actual or deemed profit or
                gain and
                the Company has not acquired any such asset except by way of bargain
                at
                arm's length and from an unconnected
                person.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              4.2

            	
              No
                allowable loss which might accrue on the disposal by the Company
                of any
                asset is liable to be reduced or eliminated and no chargeable gain
                is
                liable to be created or increased by virtue of any depreciatory
                transaction which occurred prior to Completion or reduction in value
                of
                that or any related asset for the purposes of corporation tax on
                chargeable gains or any corresponding tax of any relevant foreign
                jurisdiction.

            

    

     

    
      	
              4.3

            	
              The
                Company has not made any election under section 171A or 179A of the
                TCGA
                or paragraph 66 of Schedule 29 to the Finance Act
                2002.

            

    

     

    
      
        
          	4.4	
                  The
                    implementation of the transactions contemplated by this Agreement
                    will not
                    give rise to any deemed disposal or realisation by the Company
                    of any
                    asset for any tax
                    purpose.

                

        

      

    

     

    
      	4.5	
              No
                asset of the Company has any “held-over gain” as referred to in section
                154 of the TCGA to which section 154(2) of the TCGA
                applies.

            

    

     

    
      	
              5.

            	
              Intangible
                Fixed Assets

            

    

     

    
      
        
          	5.1	
                  Otherwise
                    than as provided for in the Accounts, if the Company disposed
                    of each of
                    its assets which qualifies for capital allowances, or disposed
                    of any pool
                    of such assets (that is to say all those assets expenditure relating
                    to
                    which would be taken into account in computing whether a balancing
                    charge
                    would arise on a disposal of any of those assets) for a consideration
                    equal to their book value as shown in or adopted for the purpose
                    of the
                    Accounts, no balancing charge would arise in respect of any such
                    asset or
                    pool of assets under any legislation relating to capital
                    allowances.

                

        

      

    

     

    
      	
              5.2

            	
              If
                the Company realised each of its intangible fixed assets to which
                Schedule
                29 to the Finance Act 2002 applies for a consideration equal to its
                book
                value as shown in or adopted for the purposes of the Accounts, no
                credit
                would be required to be brought into
                account.

            

    

     

    
      	
              5.3

            	
              All
                intangible fixed assets (including goodwill) owned by the Company
                and
                treated for tax purposes as assets falling within Schedule 29 FA
                2002
                (gains and losses of a company from intangible fixed assets) are
                disclosed.

            

    

     

    Group
      composition

     

    
      	
              5.4

            	
              During
                the period of six years prior to Completion the Company has not been
                treated as a member of a group for tax
                purposes.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	6.	
              Close
                Companies

            

    

     

    
      	6.1	
              In
                the period of six years prior to
                Completion:

            

    

     

    
      	
              (a)

            	
              the
                Company has not made any transfers of value within section 94 of
                the
                Inheritance Tax Act 1984;

            

    

     

    
      	
              (b)

            	
              the
                Company is not and has not been a close investment-holding company
                as
                defined in section 13A of the Taxes Act;
                or

            

    

     

    
      	
              (c)

            	
              the
                Company has not issued a relevant discounted security to which paragraph
                18 of Schedule 9 to the Finance Act 1996 (Discounted securities of
                close
                companies) may apply.

            

    

     

    
      	
              6.2

            	
              The
                Company has not made a loan to which the provision of section 419
                (as
                extended by section 422) of the Taxes Act (loans to participators
                and
                associates) applies which is outstanding at Completion or has been
                waived,
                released or repaid since the Accounts
                Date.

            

    

     

    
      	
              7.

            	
              Distributions
                etc.

            

    

     

    General

     

    
      	7.1	
              The
                Company has not in the period of six years prior to
                Completion:

            

    

     

    
      	 	
              (a)

            	
              made
                any distribution or deemed distribution within the meanings of section
                209, 210 or 418 of the Taxes Act (distributions and deemed distributions)
                except as provided for in its audited
                accounts;

            

    

     

    
      	 	
              (b)

            	
              repaid,
                redeemed or purchased or agreed to repay, redeem or purchase any
                of its
                share capital; or

            

    

     

    
      	 	
              (c)

            	
              capitalised
                or agreed to capitalise in the form of shares or debentures any profits
                or
                reserves of any class or description, or otherwise issued or agreed
                to
                issue share capital otherwise than wholly for new consideration (as
                defined in section 254 of the Taxes
                Act).

            

    

     

    
      	
              8.

            	
              Company
                Residence etc.

            

    

     

    Residence/permanent
      establishment

     

    
      	
              8.1

            	
              The
                Company is and has at all times been resident in the United Kingdom
                for
                tax purposes and is not and has not at any time been treated as resident
                in any other jurisdiction for any tax purpose (including any double
                Taxation arrangement). The Company is not subject to tax in any
                jurisdiction other than its place of incorporation by virtue of having
                a
                permanent establishment or other place of business in that
                jurisdiction.

            

    

     

    Agency,
      permanent establishment

     

    
      
        
          	8.2	
                  The
                    Company is not liable for any tax as the agent of any other person
                    or
                    business or constitutes a permanent establishment of any other
                    person,
                    business or enterprise for any tax
                    purpose.

                

        

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              9.

            	
              Transfer
                Pricing

            

    

     

    All
      transactions that the Company has entered into have been and are on arm's length
      terms. There are no circumstances which as far as the Sellers are aware could
      cause any tax authority to make any adjustment for tax purposes, or require
      any
      such adjustment to be made, to the terms on which any such transaction is
      treated as taking place, and no such adjustment has been made, threatened or
      attempted in fact.

     

    
      	
              10.

            	
              Value
                Added Tax

            

    

     

    
      	
              10.1

            	
              For
                the purposes of this paragraph 11 the expression VAT legislation
                shall
                include the Value Added Tax Act 1994 and all other enactments in
                relation
                to value added tax and all notices, provisions and conditions made
                or
                issued thereunder including the terms of any agreement reached with
                HM
                Revenue & Customs or any concession referred to in the Disclosure
                Letter.

            

    

     

    
      	10.2	
              the
                Company:

            

    

     

    
      	 	
              (a)

            	
              is
                registered for the purposes of value added tax, has been so registered
                at
                all times that it has been required to be registered by VAT legislation,
                and such registration is not subject to any conditions imposed by
                or
                agreed with HM Revenue &
Customs;

            

    

     

    
      	 	
              (b)

            	
              has
                complied fully with and observed in all material respects the terms
                of VAT
                legislation;

            

    

     

    
      	 	
              (c)

            	
              maintains
                complete, correct and up-to-date records, invoices and other documents
                (as
                the case may be) appropriate or requisite for the purposes of VAT
                legislation and preserves such records, invoices and other documents
                in
                such form and for such periods as are required by VAT
                legislation;

            

    

     

    
      	 	
              (d)

            	
              obtains
                credit for all input tax paid or suffered by
                it;

            

    

     

    
      	 	
              (e)

            	
              is
                not and has not been treated as a member of a group for the purposes
                of
                VAT legislation, and has not applied for such
                treatment;

            

    

     

    
      	 	
              (f)

            	
              is
                not required to make payments on account of value added tax for which
                it
                may become liable in a prescribed accounting period pursuant to the
                Value
                Added Tax (Payments on Account) Order 1993;
                and

            

    

     

    
      	 	
              (g)

            	
              is
                not and has not been subject under VAT legislation to any penalty
                liability notice, written warning of failure to comply, surcharge
                liability notice or requirement to give security as a condition of
                making
                Taxable supplies.

            

    

     

    
      	
              10.3

            	
              There
                are no assets of the Company which are a capital item for the purpose
                of
                Part XV of the Value Added Tax Regulations
                1995.

            

    

     

    
      	
              10.4

            	
              All
                VAT, import duty and other taxes or charges payable by the Company
                upon
                the supply, acquisition, use or importation of goods or services,
                and all
                excise duties payable in respect of any assets (including trading
                stock)
                imported or owned by the Company, have been paid in
                full.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              11.

            	
              Stamp
                Taxes

            

    

     

    General

     

    
      	
              11.1

            	
              All
                documents in the possession or under the control of the Company or
                to the
                production of which the Company is entitled which establish or are
                necessary to establish the title of the Company to any asset have
                been
                duly stamped and any applicable stamp duties or charges in respect
                of such
                documents have been duly accounted for and paid, and no such documents
                which are outside the United Kingdom would attract stamp duty if
                they were
                brought into the United Kingdom.

            

    

     

    
      	
              11.2

            	
              The
                Disclosure Letter contains full details of any Relief or exemption
                from
                stamp duty, stamp duty land tax that has been claimed or obtained
                by the
                Company (including details of the parties to the relevant transaction,
                its
                subject matter and date and the nature of the Relief claimed), being
                a
                Relief or exemption which will or may be withdrawn or restricted
                as a
                result of:

            

    

     

    
      	
              (a)

            	
              any
                event that is planned to occur prior to Completion; or
                

            

    

     

    
      	
              (b)

            	
              any
                of the transactions contemplated by this Agreement; or
                

            

    

     

    
      	
              (c)

            	
              any
                event that might occur after Completion.

            

    

     

    UK
      Land

     

    
      	
              11.3

            	
              For
                the purposes of the remaining provisions of this paragraph 13, the
                terms
                “land transaction” and “effective date” shall be construed in accordance
                with Part 4 of the Finance Act
                2003.

            

    

     

    
      	
              11.4

            	
              The
                Company is not under nor may become subject to any obligation to
                deliver
                any return or further return in respect of any land transaction,
                or to pay
                additional stamp duty land tax or to pay stamp duty land tax where
                none
                was payable before, in respect of any land transaction which has
                an
                effective date prior to Completion, or in respect of which the date
                of the
                contract for that land transaction is prior to
                Completion.

            

    

     

    
      	
              11.5

            	
              The
                Company has not made any application to defer payment of stamp duty
                land
                tax pursuant to section 90 Finance Act
                2003.

            

    

     

    
      	
              12.

            	
              Employee
                Share Incentives

            

    

     

    
      	
              12.1

            	
              No
                person has been granted options in a scheme approved under Schedules
                3 or
                4 ITEPA or options which qualify as enterprise management incentives
                under
                Schedule 5 ITEPA or are participants in a share incentive plan approved
                under Schedule 2 ITEPA in each case by reason of employment with
                the
                Company.

            

    

     

    
      	
              12.2

            	
              No
                person has been granted a right to acquire shares or securities which
                may
                give rise to a liability in respect of income tax or national insurance
                contributions or similar taxes in other jurisdictions on  the Company
                upon the exercise of that right or upon the acquisition of those
                shares or
                securities.

            

    

     

    
      	
              12.3

            	
              No
                person has acquired an interest in shares which is only conditional
                within
                the meaning of Chapter 2, Part 7 ITEPA as originally enacted (conditional
                interest in shares) nor acquired shares which are convertible within
                the
                meaning of Chapter 3, Part 7 ITEPA as originally enacted (convertible
                shares) which may give rise to a liability in respect of income or
                national insurance contributions on the Company under those
                provisions.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              12.4

            	
              No
                person has acquired any employment related securities (within the
                meaning
                of Section 421B ITEPA) to which Part 7 ITEPA
                applies.

            

    

     

    
      	
              13.

            	
              Tax
                avoidance 

            

    

     

    
      	
              13.1

            	
              The
                Company has not engaged in or been a party to any scheme or arrangement
                in
                respect of which the main (or one of the main) purpose or purposes
                is or
                was the avoidance of tax.

            

    

     

    
      	
              13.2

            	
              The
                Company has not been a party to any preordained series of transactions
                containing one or more steps which have no commercial purpose other
                than
                avoiding deferring or saving tax or obtaining of a tax
                advantage.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Schedule
      3 – Earn-Out

     

    
      	
              1

            	
              Interpretation

            

    

     

    The
      definitions in this paragraph apply in this Agreement.

     

    "Earn-out
      Period"

     

    the
      period of three Financial Years commencing on 4th
      April
      2008 and ending on 31st
      March
      2011.

     

    "Expert"

     

    a
      person
      appointed in accordance with paragraph 4
      of this
      Schedule to resolve a dispute arising in relation to the calculation of Relevant
      Turnover and any Earn-out Payment.

     

    "Lower Turnover
      Target"

     

    the
      lower
      Turnover target of the Company in each Financial Year (“Relevant
      Financial Year”)
      during
      the Earn-out Period being:

     

    
      	 	
              a)

            	
              £5,000,000
                for the Financial Year 4th
                April 2008 to 31st
                March 2009

            

    

     

    
      	 	
              b)

            	
              £6,000,000
                for the Financial Year 1st
                April 2009 to 31st
                March 2010; and

            

    

     

    
      	 	
              c)

            	
              £7,000,000
                for the Financial Year 1st
                April 2010 to 31st
                March 2011

            

    

     

    "Relevant
      Turnover"

     

    in
      relation to any Financial Year within the Earn-out Period, the aggregate
      Turnover of the Company as shown in the audited accounts of the Company for
      that
      period.

     

    “Turnover”

     

    the
      audited revenue of the Company net of all sales, excise, import or export,
      value
      added or similar tax or duty or other adjustments made in accordance with
      generally accepted accounting principles and practices in the United Kingdom
      then in force

    

    "Upper Turnover
      Target"

     

    the
      upper
      Turnover target of the Company in each Financial Year during the Earn-out Period
      being:

     

    
      	 	
              a)

            	
              £12,600,000
                for the Financial Year 4th
                April 2008 to 31st March 2009

            

    

     

    
      	 	
              b)

            	
              £14,000,000
                for the Financial Year 1st April 2009 to 31st March 2010;
                and

            

    

     

    
      	 	
              c)

            	
              £15,600,000
                for the Financial Year 1st April 2010 to 31st March
                2011

            

    

     

    
      	
              2

            	
              Amount
                of Deferred Payment

            

    

     

    
      	
              2.1

            	
              Subject
                to paragraph 2.2 below, the Buyer shall pay to each Seller, in accordance
                with the provisions of this Agreement and in Due Proportion, such
                amounts
                to form part of the Consideration:

            

    

     

    
      	 	
              2.1.1

            	
              by
                way of Earn-out Payment, in respect of each Relevant Financial Year
                during
                the Earn-out Period such amount as is equal
                to:

            

    

     

    where:  
      A –
      B
      X
      USD$250,000

                  
      C – B

     

    A= the
      Relevant Turnover in respect of such Relevant Financial Year; 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    B=
       the
      Lower
      Turnover Target in respect of such Relevant Financial Year; and

     

    C= the
      Upper
      Turnover Target in respect of such Relevant Financial Year

     

    Provided
      that the Earn-out Payment in respect of any Relevant Financial Year during
      the
      Earn-out Period shall not exceed USD$250,000; and

     

    
      	 	
              2.1.2

            	
              the
                Third Anniversary Payment provided the Company has in aggregate throughout
                the Earn-Out Period at least £1 of profit on ordinary activities after
                taxation (as shown in its audited accounts for each Financial
                Year).

            

    

     

    
      	
              2.2

            	
              The
                Buyer shall not be obliged to make:

            

    

     

    
      	 	
              2.2.1

            	
              an
                Earn-out Payment, in accordance with the provisions of paragraph
                2.1.1
                above, in relation to a Seller, if such Seller is a Leaver during
                the
                Relevant Financial Year to which such Earn-out Payment relates; and
                

            

    

     

    
      	 	
              2.2.2

            	
              the
                Third Anniversary Payment, in accordance with the provisions of paragraph
                2.1.2 above, in relation to a Seller, if such Seller is a Leaver
                at any
                time on or before 31 March 2011.

            

    

     

    
      	
              2.3

            	
              For
                the avoidance of doubt nothing in paragraph 2.2 above shall prejudice
                the
                right of either Seller who remains employed by the Company at such
                time or
                who is a leaver in any circumstances other than being a Bad Leaver
                to
                receive any payments under this Schedule notwithstanding the fact
                that the
                other Seller may not be entitled to any such payments as a result
                of the
                foregoing provisions.

            

    

     

    
      	
              2.4

            	
              For
                the avoidance of doubt, the Sellers shall not be required to make
                any
                payment to the Buyer if the Relevant Turnover in any Financial Year
                falls
                below the Lower Turnover Target for such
                year.

            

    

     

    
      	
              2.5

            	
              In
                the event that the Company terminates a Seller’s Services Agreement other
                than in circumstances where such Seller is a Bad Leaver then the
                Buyer
                shall make any Deferred Payment or payment of principal under the
                Loan
                Notes due to a Seller pursuant to this Agreement or the Loan Note
                Instrument (save to the extent that such payments have already been
                made
                to a Seller) to a Seller in his Due Proportion within twelve months
                of the
                date of such termination.

            

    

     

    
      	
              3

            	
              Procedure
                for making deferred
                payments

            

    

     

    
      	
              3.1

            	
              The
                Buyer shall use its reasonable endeavours to ensure that the accounts
                of
                the Company are audited by the Auditors within 3 months of the last
                day of
                each Financial Year within the Earn-out Period.

            

    

     

    
      	
              3.2

            	
              The
                Buyer shall, within 15 Business Days of receiving the audited accounts
                of
                the Company for each Financial Year within the Earn-out Period, send
                to
                each of the Sellers:

            

    

     

    
      	 	
              3.2.1

            	
              a
                copy of the audited accounts of the Company;
                and

            

    

     

    
      	 	
              3.2.2

            	
              a
                certificate issued by the Auditors stating the amounts which are,
                in their
                opinion:

            

    

     

    
      	
            	a)	
              the
                Relevant Turnover for such Financial
                Year;

            

    

     

    
      	 	
              b)

            	
              the
                amount of the Earn-out Payment (if any) payable in respect of that
                year
                .

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              3.3

            	
              Unless
                the Sellers shall serve written notice (a “Review
                Notice”)
                on the Buyer disputing the certificate prior to the day which falls
                20
                Business Days after receipt of such certificate, the amounts stated
                in
                such certificate shall be final and binding upon the parties for
                the
                purposes of this Agreement.
                Any such Review Notice must state the amounts in dispute and the
                reasons
                for the dispute and any adjustments which the Sellers would like
                to make
                to the certificate.

            

    

     

    
      	
              3.4

            	
              In
                the event of service of a Review Notice, the parties have 10 Business
                Days, starting with the expiry of the period referred to in paragraph
                3.3
                above, within which to resolve any disagreement relating to the
                certificate. The parties shall use their best endeavours to resolve
                the
                disagreement within that period.

            

    

     

    
      	
              3.5

            	
              Where
                the parties are unable to resolve their disagreement within the 10
                Business Day period, the calculation of the Relevant Turnover and
                Earn-out
                Payment for the relevant Financial Year shall be referred to an
                Expert.

            

    

     

    
      	
              3.6

            	
              The
                Buyer shall, subject to Clause 9 of this Agreement, make the relevant
                Deferred Payment due to the Sellers in such year in the Due Proportion
                within a period of 5 Business Days starting with the day on which
                the
                amount of such payment has been agreed or determined pursuant to
                this
                Schedule. 

            

    

     

    
      	
              3.7

            	
              Any
                Deferred Payment payable under this Schedule shall be satisfied by
                the
                payment by the Buyer to the relevant Seller by telegraphic transfer
                of
                immediately available funds to the account nominated to the Buyer
                by the
                relevant Seller for such purpose of an amount equal to such Deferred
                Payment.

            

    

     

    
      	
              3.8

            	
              Save
                as otherwise provided in this Schedule, the parties shall each bear
                their
                own costs incurred in the preparation of the certificate and the
                agreement
                of the Relevant Turnover and any Earn-out
                Payment.

            

    

     

    
      	
              4

            	
              Expert 

            

    

     

    
      	
              4.1

            	
              An
                Expert is a person appointed in accordance with this
                paragraph 4
                to
                resolve a dispute arising in relation to the calculation of Relevant
                Turnover and any Earn-out Payment. 

            

    

     

    
      	
              4.2

            	
              The
                parties shall agree on the appointment of an independent firm of
                accountants to act as Expert. 

            

    

     

    
      	
              4.3

            	
              If
                the parties are unable to agree on an Expert within seven days of
                either
                party serving details of a suggested expert on the other, either
                party may
                request the President for the time being of the Institute of Chartered
                Accountants in England and Wales to appoint an Expert.
                

            

    

     

    
      	
              4.4

            	
              The
                Expert is required to prepare a written decision and give notice
                (including a copy) of the decision to the parties within a maximum
                of
                three months of the matter being referred to the
                Expert.

            

    

     

    
      	
              4.5

            	
              If
                the Expert dies or becomes unwilling or incapable of acting, or does
                not
                deliver the decision within the time required by paragraph 4.4,
                then:

            

    

     

    
      	 	
              (a)

            	
              either
                party may apply to President for the time being of the Institute
                of
                Chartered Accountants in England and Wales to discharge the Expert
                and to
                appoint a replacement Expert with the required expertise;
                and

            

    

     

    
      	 	
              (b)

            	
              this
                paragraph 4
                applies in relation to the new Expert as if he were the first Expert
                appointed. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              4.6

            	
              All
                matters under this paragraph 4
                shall be conducted, and the Expert's decision shall be written, in
                the
                English language. 

            

    

     

    
      	
              4.7

            	
              The
                parties are entitled to make submissions to the Expert and shall
                provide
                (or procure that others provide) the Expert with such assistance
                and
                documents as the Expert reasonably requires for the purpose of reaching
                a
                decision.

            

    

     

    
      	
              4.8

            	
              To
                the extent not provided for by this paragraph, the Expert may, in
                his
                reasonable discretion, determine such other procedures to assist
                with the
                conduct of the determination as he considers just or appropriate,
                including (to the extent he considers necessary) instructing professional
                advisers to assist him in reaching his
                determination.

            

    

     

    
      	
              4.9

            	
              Each
                party shall, with reasonable promptness, supply each other party
                with all
                information and give each other party access to all documentation
                and
                personnel as each other party reasonably requires to make a submission
                under this paragraph 4.

            

    

     

    
      	
              4.10

            	
              The
                Expert shall act as an expert and not as an arbitrator. The Expert
                shall
                determine the amount of Relevant Turnover and any Earn-out Payments,
                which
                may include any issue involving the interpretation of any provision
                of
                this Agreement, his jurisdiction to determine the matters and issues
                referred to him or his terms of reference. The Expert's written decision
                on the matters referred to him shall be final and binding on the
                parties
                in the absence of manifest error or
                fraud.

            

    

     

    
      	
              4.11

            	
              Each
                party shall bear its own costs in relation to the Expert. The Expert's
                fees and any costs properly incurred by him in arriving at his
                determination (including any fees and costs of any advisers appointed
                by
                the Expert) shall be borne by the parties equally or in such other
                proportions as the Expert directs.

            

    

     

    
      	
              5

            	
              Buyer
                Covenants

            

    

     

    
      	
              5.1

            	
              The
                Buyer undertakes with the Sellers to procure (so far as it is lawfully
                able and to the extent it is within its power and control) that (save
                with
                the prior consent of the Sellers not to be unreasonably withheld
                or
                delayed) during the Earn-out
                Period:

            

    

     

    
      	 	
              5.1.1

            	
              no
                avoidable change is made to the business of the Company an intention
                of
                which is to reduce the Relevant Turnover of the Company provided
                that if
                the effect of any such change is, for example, that the Company is
                no
                longer responsible for the publishing, distribution and/or development
                of
                interactive entertainment products in Europe (or there is a similar
                effect
                which would reduce the Relevant Turnover of the Company) then the
                parties
                shall discuss in good faith an appropriate adjustment of the relevant
                Lower Turnover Target and Upper Turnover Target ;
                and

            

    

     

    
      	 	
              5.1.2

            	
              nothing
                shall be done between the Company and the Buyer or any member of
                the
                Buyer’s Group with an intention of artificially reducing or distorting
                the
                turnover of the Company.

            

    

     

    
      	
              5.2

            	
              In
                order to further protect and safeguard the Sellers' potential entitlement
                to any Earn-out Payment, the Buyer hereby agrees and undertakes with
                the
                Sellers that during the Earn-out
                Period:

            

    

     

    
      	 	
              5.2.1

            	
              the
                business of the Company will be under the day to day management of
                the
                Sellers for so long as they are employed pursuant to their Service
                Agreements (subject always to the business of the Company being under
                the
                ultimate control and direction of the Buyer);

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              5.2.2

            	
              it
                will not do any act an intention of which is to materially adversely
                affect the ability or power of the Company to carry on its business
                in the
                same manner in which such business has been conducted prior to the
                date
                hereof;

            

    

     

    
      	 	
              5.2.3

            	
              the
                Buyer will use reasonable endeavours where reasonably practicable
                and in
                the interest of the Buyer’s Group to promote and support the business and
                interests of the Company, will act in good faith towards the Sellers
                having regard to the Sellers' interests hereunder, will procure that
                the
                Company's business is conducted on sound commercial principles and
                the
                Company shall not (unless there are commercial reasons or it is in
                the
                interests of the Company):

            

    

     

    
      	 	
              a)

            	
              enter
                into any contract or agreement other than on arm's length commercial
                terms; or

            

    

     

    
      	 	
              b)

            	
              part
                with or dispose of or licence or otherwise alienate the whole or
                any
                substantial part of its undertaking, property, assets, revenues or
                any
                interest therein by a single transaction or a series of transactions
                otherwise than in the normal and ordinary course of trading;
                or

            

    

     

    
      	 	
              c)

            	
              make
                any gift or enter into any material transaction at a material undervalue
                without receiving a commensurate benefit;

            

    

     

    
      	 	
              5.2.4

            	
              no
                resolution will be passed to wind up the Company or cause the Company
                to
                cease carrying on any part of its business, and no receiver,
                administrative receiver or administrator shall be appointed over
                the whole
                or any part of the assets or undertaking of the Company (save where
                the
                Company is unable to pay its debts as they fall due or pursuant to
                a bona
                fide reorganisation of the Buyer’s
                Group);

            

    

     

    
      	 	
              5.2.5

            	
              (other
                than where the Sellers are no longer employed by the Company) the
                Buyer
                will not require the Sellers to employ any person with a salary in
                excess
                of £50,000 or (other than in accordance with their terms and conditions
                or
                their employment contract) to terminate the employment of any employee
                with a salary in excess of £50,000, save where the Buyer reasonably
                considers that such appointment or removal is in the best interests
                of the
                Company;

            

    

     

    
      	 	
              5.2.6

            	
              the
                Buyer will not do any act an intention of which is to: (a) prevent
                the
                Company from supplying goods or services in the ordinary course of
                its
                business; or (b) divert any custom from the
                Company;

            

    

     

    
      	 	
              5.2.7

            	
              if
                Transcap agrees to help fund the Company’s working capital, the Buyer will
                use reasonable endeavours to procure that the Company is able to
                participate in the Transcap funding available to other members of
                the
                Buyer’s Group and the Buyer may consider extending the payment terms of
                royalty payments due by the Company to other members of the Buyer’s Group.
                However, in making any working capital available to the Company,
                the Buyer
                will take into account the interests of the Buyer’s Group as a whole
                (albeit that it will treat the Company no more prejudicially than
                any
                other member of the Buyer’s Group);

            

    

     

    
      	 	
              5.2.8

            	
              the
                Buyer will not impose management charges on the Company (other than
                on
                normal arms length commercial terms and at levels which would be
                consistent with levels of equivalent charges imposed on other members
                of
                the Buyer’s Group).

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              6.

            	
              Seller
                Covenants

            

    

     

    Each
      of
      the Sellers undertakes to and covenants with the Buyer that he will (so far
      as
      he is lawfully able and to the extent it is within his power and control) during
      the Earn-Out Period:

     

    not
      do
      anything to prejudice the Buyer’s ability to comply with its covenants set out
      in paragraph 5 above;

     

    procure
      that the Company will comply with the Buyer’s requirements for participation in
      the Buyer’s Group banking arrangements and treasury procedures;

     

    procure
      that the Company will comply with the Buyer’s requirements for participation in
      the finance arrangements of the Buyer, including without limitation, financial
      reporting requirements and budgeting compliance;

     

    procure
      that the Company will not to do anything which results in costs or expenses
      which should properly have arisen or been included in a Financial Year being
      deferred or excluded from that year or any income due to the Company which
      should properly have arisen or been included in a later Financial Year being
      recognised in an earlier Financial Year;

     

    (for
      so
      long as the business is under the day to day management of the Sellers) procure
      that the Company will continue to be run on sound long term commercial
      principles and in the best interests of the Company and the Buyer’s
      Group;

     

    not
      waive
      any salary, bonus or other emoluments due to him as an employee of the
      Company;

     

    consult
      with the Buyer in respect of all matters concerning strategic development and
      procure that the Company will not make any acquisition of any business or
      company or other undertaking or enter into any joint venture or partnership
      with
      any third party;

     

    procure
      that the Company will not, without the prior consent of the Buyer (such consent
      not to be unreasonably withheld or delayed), in any Financial Year incur capital
      expenditure above £20,000;

     

    procure
      that the Company will not employ or engage any employee or consultant whose
      aggregate gross remuneration (including benefits) is in excess of
£75,000;

     

    Each
      of
      the Sellers undertakes to and covenants with the Buyer that, during the Earn-Out
      Period, he will procure (so far as is lawfully able and to the extent it is
      within his power and control) that notice of termination by the Company shall
      not be given in respect of any service arrangements with any senior employee
      of
      the Company without the prior written consent of the Buyer.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule
      4 – Tax Covenant

     

    
      	1.	
              Interpretation

            

    

     

    
      	1.1	
              In
                this Schedule, the following definitions shall have the following
                meanings:

            

    

    

      
        	
                "Buyer’s
                  Group"

              	 	
                means
                  the Buyer and any other company or companies which either are or
                  become
                  after Completion, or have within the six years ending at Completion
                  been,
                  treated as members of the same group as, or otherwise connected
                  or
                  associated in any way with, the Buyer for any tax
                  purpose;

              
	 	 	
                 

              
	
                "Buyer’s
                  relief"

              	 	
                means:

                 

                (a)
                   any relief arising to the Company (other than the Losses) in respect
                  of an event occurring or period ending on or before Completion
                  which was
                  taken into account in computing the provision for deferred tax
                  in the
                  Completion Accounts or in eliminating such provision, or was included
                  as
                  an asset or otherwise taken into account in the Completion
                  Accounts

                 

                (b)
                   any relief arising to the Company in respect of an event occurring
                  or period ending after Completion; and

                 

                (c) 
                  any relief arising to any member of the Buyer’s Group (other than the
                  Company); 

              
	 	 	
                 

              
	
                “Corresponding
                  Relief”

              	 	
                (a)
                   any relief arising as a result of a tax liability in respect of
                  which the Sellers have made a payment under paragraph 2 of this
                  Schedule 4
                  or for breach of any Taxation Warranty; or

                 

                (b)
                   any relief which:

                 

                (i)
                   was claimed in respect of any period prior to
                  Completion;

                 

                (ii)
                   was disallowed by a tax authority in respect of such pre-Completion
                  period so as to give rise to a tax liability in respect of which
                  the
                  Sellers have made a payment under paragraph 2 of this Schedule
                  4 or for
                  breach of any Taxation Warranty; and

                 

                (iii)
                   is subsequently allowed by such tax authority and utilised in an
                  accounting period of the Company after Completion; or

                 

                (c)
                   any relief arising as a result of or in connection with any
                  deduction, withholding or tax referred to in paragraphs 5.2 and
                  6.1;

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                “Costs”

              	 	
                means
                  obligations, liabilities, losses, costs (including reasonable legal
                  costs
                  but excluding internal management costs) and expenses (including
                  tax) in
                  each case of any nature whatsoever;

              
	 	 	 
	
                "event"

              	 	
                includes
                  (without limitation) the death or the winding up or dissolution
                  of any
                  person, and any act, transaction or omission whatsoever, and any
                  reference
                  to an event occurring on or before a particular date shall include
                  events
                  which for tax purposes are deemed to have, or are treated or regarded
                  as
                  having, occurred on or before that date;

              
	 	 	 
	
                “Losses”

              	 	
                means
                  the trading losses of the Company which arise in respect of an
                  event
                  occurring or period ending before Completion and which remain available
                  at
                  Completion;

              
	 	 	 
	
                “Over
                  Provision”

              	 	
                means,
                  applying the accounting policies, principles and practices in relation
                  to
                  the Completion Accounts 

                 

                (i) 
                  the amount by which any provision for Taxation in the Completion
                  Accounts
                  proves to be an over provision; and

                 

                (ii)
                   the amount by which any repayment of Taxation which is treated
                  (or
                  which could have been treated) as an asset in the Completion Accounts
                  proves to be understated;

              
	 	 	 
	
                "relief"
                   

              	 	
                includes,
                  unless the context otherwise requires, any allowance, credit, deduction,
                  exemption or set-off in respect of any tax or relevant to the computation
                  of any income, profits or gains for the purposes of any tax, or
                  any
                  repayment of or saving of tax (including any repayment supplement
                  or
                  interest in respect of tax), and:

                 

                (a)
                    any reference to the use or set off of relief shall be
                  construed accordingly and shall include use or set off in part;
                  and

                 

                (b) 
                   any reference to the loss of a relief shall include the absence,
                  non-existence or cancellation of any such relief, or to such relief
                  being
                  available only in a reduced amount;

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                “Saving”

              	 	
                the
                  reduction or elimination of any liability of any member of the
                  Buyer’s
                  Group to make an actual payment of corporation tax in respect of
                  which the
                  Sellers would not have been liable under paragraph 2, by the use of
                  any Sellers’ Relief or Corresponding Relief;

              
	 	 	 
	
                “Sellers’
                  relief”

              	 	
                any
                  Relief other than a Buyer’s relief;

              
	 	 	 
	
                "tax"

              	 	
                includes
                  (without limitation) corporation tax, income tax (including income
                  tax or
                  amounts on account of income tax required to be deducted or withheld
                  from
                  or accounted for in respect of any payment), capital gains tax,
                  inheritance tax, value added tax, national insurance contributions,
                  capital duty, stamp duty, stamp duty reserve tax, stamp duty land
                  tax,
                  duties of customs and excise, petroleum revenue tax, rates, all
                  taxes,
                  duties or charges replaced by or replacing any of them, and all
                  other
                  taxes on gross or net income, profits or gains, distributions,
                  receipts,
                  sales, use, occupation, franchise, value added, and personal property,
                  and
                  all levies, imposts, duties, charges or withholdings in the nature
                  of
                  taxation, and any payment whatsoever which the relevant person
                  may be or
                  become bound to make to any person as a result of the discharge
                  by that
                  person of any tax which the relevant person has failed to discharge,
                  together with all penalties, charges and interest relating to any
                  of the
                  foregoing or to any late or incorrect return in respect of any
                  of them,
                  and regardless of whether any such taxes, levies, duties, imposts,
                  charges, withholdings, penalties and interest are chargeable directly
                  or
                  primarily against or attributable directly or primarily to the
                  relevant
                  person or any other person and of whether any amount in respect
                  of any of
                  them is recoverable from any other person;

              
	 	 	 
	
                "tax
                  authority"

              	 	
                means
                  any taxing or other authority (whether within or outside the United
                  Kingdom) competent to impose any tax liability;

              
	 	 	 
	
                "tax
                  claim"

              	 	
                means:

                 

                (a)
                   the issue of any notice, demand, assessment, letter or other
                  document by or on behalf of any tax authority or the imposition
                  of any
                  withholding of or on account of tax; or

                 

                (b)
                   the preparation or submission of any notice, return, assessment,
                  letter or other document by the Buyer, the Company or any other
                  person,
                  from
                  which it appears that a tax liability has been incurred by or will
                  be
                  imposed on the Company;

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                "tax
                  liability"

              	 	
                means
                  both a liability of the Company to make or suffer an actual payment
                  of tax
                  (or an amount in respect of tax) and also:

                 

                (a) 
                  the loss of any relief falling within paragraph (a) of the definition
                  of
                  Buyer’s relief; and

                 

                (b)
                   the use or set off of any Buyer’s relief in circumstances where, but
                  for such use or set off, the Company would have had an actual tax
                  liability in respect of which the Buyer would have been able to
                  make a
                  claim against the Sellers under this Schedule,

                 

                and,
                  where paragraph (a) or (b) above applies, the amount that is to
                  be treated
                  for the purposes of this Schedule as a tax liability of the Company
                  shall
                  be determined as follows:

                 

                (i)
                    where the relief that is the subject of the loss or which is used
                  or set off as mentioned in those paragraphs is a deduction from
                  or offset
                  against tax, the tax liability shall be the amount of that relief
                  so lost,
                  used or set off;

                 

                (ii)
                   where the relief that is the subject of the loss or which is used
                  or
                  set off as mentioned in those paragraphs is a deduction from or
                  offset
                  against income, profits or gains, the tax liability shall be, in
                  the case
                  of a relief which is used or set off, the amount of tax saved thereby
                  and,
                  in the case of a relief which is lost, the amount of tax which
                  but for
                  such loss would have been saved by virtue of the relief so lost,
                  ignoring
                  for this purpose the effect of reliefs (other than deductions in
                  computing
                  profits for the purpose of tax) arising in respect of an event
                  occurring
                  or period ending after Completion; and

                 

                (iii) where
                  the relief that is the subject of the loss or setting off is a
                  repayment
                  of tax, the tax liability shall be the amount of the repayment
                  that would
                  have been obtained but for the loss, use or setting
                  off;

              
	 	 	 
	
                “Tax
                  Payment Date”

              	 	
                means,
                  in relation to any Losses, nine months after the end of the accounting
                  period of the relevant member of the Buyer’s Group in which such Losses
                  are Utilised.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                “Tax
                  Relief Payment”

              	 	
                means
                  a payment (if any) to the Sellers in Due Proportion in respect
                  of the
                  Losses which are Utilised by any member of the Buyer’s Group in any period
                  following Completion and calculated in accordance with paragraph
                  14.

              
	 	 	 
	
                “Taxation
                  Warranty”

              	 	
                a
                  Warranty in Part 2 of Schedule 2

              
	 	 	 
	
                "Taxes
                  Act"  

              	 	
                means
                  the Income and Corporation Taxes Act 1988.

              
	 	 	 
	
                Utilised

              	 	
                means
                  used by the Buyer, the Company or any member of the Buyer’s Group to
                  reduce their respective liability to Tax or obtain a repayment
                  in respect
                  of Tax.

              

      

    

     

    
      	
              1.2

            	
              Any
                reference to income, profits or gains earned, accrued or received
                on or
                before a particular date or in respect of a particular period shall
                include income, profits or gains which for tax purposes are deemed
                to have
                been or are treated or regarded as earned, accrued or received on
                or
                before that date or in respect of that
                period.

            

    

     

    
      	
              1.3

            	
              Any
                reference to an event occurring on or before Completion shall be
                deemed to
                include a series or combination of events the first of which occurred
                on
                or before Completion within the ordinary course of business of the
                Company
                as carried on at Completion, and the second of which occurred after
                Completion outside the ordinary course of business of the Company
                as
                carried on at Completion.

            

    

     

    
      	
              1.4

            	
              Persons
                shall be treated as connected for the purposes of this Schedule if
                they
                are connected within the meaning of section 839 of the Taxes
                Act.

            

    

     

    
      	
              1.5

            	
              Any
                stamp duty which is charged or chargeable on any document executed
                prior
                to Completion which is necessary to establish the title of the Company
                to
                the asset or in the enforcement or production of which the Company
                is
                interested shall be deemed, together with any interest, fines or
                penalties
                relating to such stamp duty, to be a liability of the Company to
                make an
                actual payment of tax.

            

    

     

    
      	
              1.6

            	
              The
                rule known as the ejusdem generis rule shall not apply and
                accordingly:

            

    

     

    
      	 	
              a)

            	
              general
                words shall not be given a restrictive meaning by reason of the fact
                that
                they are preceded by words indicating a particular class of acts,
                matters
                or things; and

            

    

     

    
      	 	
              b)

            	
              general
                words shall not be given a restrictive meaning by reason of the fact
                that
                they are followed by particular examples intended to be embraced
                by the
                general words.

            

    

     

    
      	
              1.7

            	
              In
                this Schedule, unless the context otherwise
                requires:

            

    

     

    
      	 	
              a)

            	
              references
                to persons include individuals, bodies corporate (wherever incorporated),
                unincorporated associations and
                partnerships;

            

    

     

    
      	 	
              b)

            	
              the
                headings are inserted for convenience only and do not affect the
                construction of this Schedule;

            

    

     

    
      	 	
              c)

            	
              references
                to one gender include all genders;

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              d)

            	
              any
                reference to an enactment or statutory provision is a reference to
                it as
                it may have been, or may from time to time be, amended, modified,
                consolidated or re-enacted; and

            

    

     

    
      	 	
              e)

            	
              references
                to any English legal term for any action, remedy, method of judicial
                proceeding, legal document, legal status, court official or any other
                legal concept is, in respect of any jurisdiction other than England,
                deemed to include the legal concept or term which most nearly approximates
                in that jurisdiction to the English legal
                term.

            

    

     

    
      	
              1.8

            	
              All
                payments made by the Sellers to the Buyer or by the Buyer to the
                Sellers
                under this Schedule, other than payments of interest, shall so far
                as
                possible be made by way of adjustment to the consideration for the
                sale of
                the Shares.

            

    

     

    
      	
              2

            	
              Covenant
                to pay

            

    

     

    The
      Sellers hereby jointly and severally covenant with the Buyer (for itself and
      as
      trustee for its successors in title) to pay to the Buyer an amount equivalent
      to:

     

    
      	
              2.1

            	
              any
                tax liability arising in respect of, by reference to or in consequence
                of:

            

    

     

    
      	 	
              a)

            	
              any
                income, profits or gains earned, accrued or received on or before
                Completion;

            

    

     

    
      	 	
              b)

            	
              any
                event which occurs or occurred on or before Completion;
                and

            

    

     

    
      	 	
              c)

            	
              any
                failure to discharge or default in discharging any of the Sellers’
                obligations under this schedule, including any failure to meet any
                relevant time limit; 

            

    

     

    
      	
              2.2

            	
              any
                tax liability arising in respect of any inheritance tax
                which:

            

    

     

    
      	 	
              a)

            	
              is
                at Completion a charge on any of the shares or assets of the Company
                or
                gives rise to a power to sell, mortgage or charge any of the shares
                or
                assets of the Company; or

            

    

     

    
      	 	
              b)

            	
              after
                Completion becomes a charge on or gives rise to a power to sell,
                mortgage
                or charge any of the shares or assets of the Company, being a liability
                in
                respect of additional inheritance tax payable on the death of any
                person
                within seven years after a transfer of value if a charge on or power
                to
                sell, mortgage or charge any such shares or assets existed at Completion
                or would, if death had occurred immediately before Completion and
                the
                inheritance tax payable as a result of such death had not been paid,
                have
                existed at Completion; or

            

    

     

    
      	 	
              c)

            	
              arises
                as a result of a transfer of value occurring on or before Completion
                (whether or not in conjunction with the death of any person whenever
                occurring) which increased or decreased the value of the estate of
                any
                participator in the Company;

            

    

     

    
      	
              2.3

            	
              any
                Costs reasonably and properly suffered or incurred by the Company
                as a
                result of, or in connection with, any claim being made against the
                Company
                in respect of or relating to tax under the terms of any agreement
                for the
                sale and purchase of shares or a business or part of a business entered
                into by the Company prior to Completion;
                or

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              2.4

            	
              any
                tax liability which is a liability to account for amounts in respect
                of
                income tax or National Insurance Contributions as a consequence of
                the
                Consideration or any part thereof paid to the Sellers pursuant to
                this
                Agreement being treated as
                remuneration.

            

    

     

    
      	
              3

            	
              Exclusions 

            

    

     

    The
      covenant contained in paragraph 2.1 shall not cover any tax liability nor shall
      the Sellers be liable for a breach of a Taxation Warranty to the extent
      that:

     

    
      	 	
              a)

            	
              provision
                in respect of that tax liability has been made in the Completion
                Accounts
                or the tax liability was paid or discharged before the Completion;
                or

            

    

     

    
      	 	
              b)

            	
              the
                tax liability arises or is increased as a result only of any increase
                in
                rates of tax, any change in legislation, any change in the judicial
                interpretation of any legislation or any change in the published
                practice
                of a tax authority in all cases which is announced and comes into
                force
                after Completion with retrospective effect;
                or

            

    

     

    
      	 	
              c)

            	
              the
                tax liability would not have arisen but for a voluntary transaction,
                action or omission carried out or effected by the Company concerned
                at any
                time after Completion, except that this exclusion shall not apply
                where
                any such transaction, action or
                omission:

            

    

     

    
      	 	
              (i)

            	
              is
                carried out or effected pursuant to a legally binding commitment
                created
                on or before Completion, or which for some other reason could not
                reasonably have been avoided; or

            

    

     

    
      	 	
              (ii)

            	
              is
                carried out or effected in the ordinary course of business;
                or

            

    

     

    
      	 	
              d)

            	
              such
                tax liability would not have arisen or would have been reduced or
                eliminated but for a failure or omission on the part of any member
                of the
                Buyer’s Group Company after Completion to make any claim or election or
                to
                give any notice or consent or to do any other thing in relation to
                Taxation which was taken into account in the Completion Accounts in
                circumstances where the Sellers have notified the Buyer in advance
                and in
                writing of all claims, elections, notices, consents, or any other
                things,
                the making, giving or doing of which will be or are assumed to have
                been
                taken into account in the Completion Accounts;
                or

            

    

     

    
      	 	
              e)

            	
              such
                tax liability would not have arisen but for a change in the accounting
                reference date of or of any accounting policies of any member of
                the
                Buyer’s Group Company other than any changes required to comply with UK
                generally accepted accounting principles in force at Completion;
                or

            

    

     

    
      	 	
              f)

            	
              such
                tax liability is in respect of the actual as opposed to the deemed
                earning, receipt or accrual for any Taxation purpose of any income,
                profit
                or gain which is not recognised in the Completion Accounts;
                or

            

    

     

    
      	 	
              g)

            	
              such
                tax liability or other liability would not have arisen but for the
                Company
                ceasing to carry on any trade or business after Completion or effecting
                a
                major change after Completion in the nature or conduct of any trade
                or
                business carried on by it; or

            

    

     

    
      	 	
              h)

            	
              such
                tax liability would not have arisen but for the withdrawal or amendment
                by
                the Company after Completion of any claim election, surrender, disclaimer,
                notice or consent made by the Company on or before Completion or
                in
                respect of any accounting period ending on or before Completion;
                or

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              i)

            	
              such
                tax liability would not have arisen but for the withdrawal or amendment
                by
                the Company after Completion of any claim, election, surrender,
                disclaimer, notice or consent made by the Company on or before Completion
                or in respect of any accounting period ending on or before Completion
                in
                circumstances where the relevant claims, elections, surrenders,
                disclaimers, notices or consents which have been made given or done
                by the
                Company in respect of such periods are apparent from the documents
                provided to the Buyer in the Disclosure Letter;
                or

            

    

     

    
      	 	
              j)

            	
              such
                tax liability would not have arisen but for any failure by the Buyer
                or
                the Company to comply with its obligations under this Schedule 4;
                or

            

    

     

    
      	 	
              k)

            	
              such
                tax liability would not have arisen but for any failure or delay
                by the
                Buyer in paying over to any taxation authority any payment previously
                made
                by the Sellers under this Schedule 4;
                or

            

    

     

    
      	 	
              l)

            	
              such
                tax liability is increased as a result of the average rate of corporation
                tax of the Company increasing as a result of becoming associated
                with the
                Buyer; or

            

    

     

    
      	 	
              m)

            	
              a
                Sellers’ relief is available (or is made available) at no cost to the
                Company to be used against the liability in
                question.

            

    

     

    
      	
              4

            	
              Costs
                and expenses

            

    

     

    The
      covenant contained in this Schedule shall extend to all Costs incurred by the
      Buyer or the Company in connection with a claim for which the Sellers are liable
      under this Schedule or in connection with the subject matter of any such claim,
      including in connection with any action taken as referred to in paragraph 7
      and
      any satisfaction or settlement of a tax liability in accordance with that
      paragraph.

     

    
      	
              5

            	
              Withholdings/deductions
                from covenant payments

            

    

     

    
      	
              5.1

            	
              All
                sums payable by the Sellers under this Schedule (other than interest
                payable under paragraph 8.6) shall be paid without set-off or
                counterclaim. 

            

    

     

    
      	
              5.2

            	
              All
                sums payable by the Sellers under this Schedule (other than interest
                payable under paragraph 8.6) shall be paid free and clear of all
                deductions or withholdings unless the deduction or withholding is
                required
                by law, in which event the Sellers shall pay such additional amount
                as
                shall be required to ensure that the net amount received by the Buyer
                under this Schedule will equal the full amount which would have been
                received by it had no such deduction or withholding been required
                to be
                made.

            

    

     

    
      	
              6

            	
              Tax
                on covenant payments

            

    

     

    
      	
              6.1

            	
              If
                any tax authority brings into charge to tax any sum paid to the Buyer
                under this Schedule (other than interest payable under paragraph
                8.6)
                including in circumstances where any relief is available in respect
                of
                such charge to tax), then the Sellers shall pay such additional amount
                as
                shall be required to ensure that the total amount paid, less the
                tax
                chargeable on such amount (or that would be so chargeable but for
                such
                relief), is equal to the amount that would otherwise be payable under
                this
                Schedule save to the extent that any such amounts are increased solely
                as
                a result of the Buyer assigning the benefit of this
                Schedule.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              6.2

            	
              Paragraph
                6.1 shall apply in respect of any amount deducted or withheld as
                contemplated by paragraph 5.2 as it applies to sums paid to the Buyer,
                save to the extent that in computing the tax chargeable the Buyer
                is able
                to obtain a credit for the amount deducted or
                withheld.

            

    

     

    
      	
              7

            	
              Notification
                of claims and conduct of
                disputes

            

    

     

    
      	
              7.1

            	
              If
                the Buyer becomes aware of any tax claim relevant for the purposes
                of this
                Schedule, the Buyer shall give, or shall procure that notice of that
                tax
                claim is given, to the Sellers as soon as reasonably practicable
                and in
                any event within 15 Business Days of the Buyer so becoming aware
                and shall
                (subject to paragraphs 7.2 and 7.3) take (or shall procure that the
                Company shall take) such action as the Sellers may reasonably request
                to
                dispute, resist, appeal, compromise or defend the tax claim and any
                adjudication in respect thereof including applying to postpone (so
                far as
                legally possible) the payment of any taxation. The written notice
                of the
                tax claim given to the Sellers will, in reasonable detail, explain
                the tax
                claim and the tax liability to which the tax claim relates (including,
                without limitation, an explanation as to how such tax liability may
                give
                rise to a claim under this Schedule 4), where possible, give an estimate
                of the amount thereof and show how the estimate was
                calculated.

            

    

     

    
      	
              7.2

            	
              The
                Buyer shall not be required to take any action pursuant to paragraph
                7.1:

            

    

     

    
      	
            	(a)	
              unless
                the Buyer and the Company is each promptly indemnified to the Buyer’s
                reasonable satisfaction by the Sellers against all Costs and additional
                tax that may be thereby incurred;
                or

            

    

     

    
      	
            	(b)	
              if,
                in the Buyer's reasonable opinion, the action is likely to affect
                adversely either the future liability of the Buyer, the Company to
                tax or
                the relation of any of them or of any person connected with any of
                them
                with a tax authority; or

            

    

     

    
      	
            	(c)	
              which
                involves contesting a tax claim beyond the first appellate body (excluding
                the tax authority which has made the tax claim) in the jurisdiction
                concerned unless the Sellers obtain (at the Sellers’ Cost) the opinion of
                tax counsel of at least ten years’ call that it is reasonable in all
                circumstances to make such an
                appeal.

            

    

     

    
      	
              7.3

            	
              If
                the Sellers do not request the Buyer to take any appropriate action
                within
                twenty eight days of notice to the Sellers, or no action is required
                to be
                taken by virtue of any of the provisions of paragraph 7.2, the Buyer
                shall
                be free to satisfy or settle (or to allow the Company to satisfy
                or
                settle) the relevant tax liability on such terms as it may in its
                absolute
                discretion, exercised in good faith, think
                fit.

            

    

     

    
      	
              8

            	
              Due
                date of payment and
                interest

            

    

     

    
      	
              8.1

            	
              Where
                a claim under this Schedule relates to a liability to make or suffer
                an
                actual payment or increased payment of tax or an amount in respect
                thereof, the Sellers shall pay to the Buyer the amount claimed under
                this
                Schedule in respect thereof on or before the date which is the later
                of
                the date ten Business Days after demand is made therefor under this
                Schedule and the third Business Day prior
                to:

            

    

     

    
      	
            	(a)	
              in
                the case of tax in respect of which there is no provision for payment
                by
                instalments, the latest date on which the tax in question can be
                paid to
                the relevant tax authority in order to avoid a liability to interest
                or
                penalties accruing; or

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	(b)	
              in
                the case of tax in respect of which there is provision for payment
                by
                instalments, each date on which an instalment of such tax becomes
                payable
                (and so that on each such date an appropriate proportion of the amount
                claimed shall be paid, such proportion to be notified by the Buyer
                to the
                Sellers at least five Business Days prior to each such date);
                

            

    

     

    Provided
      that, if the date on which tax to which this paragraph applies can be recovered
      is deferred following application to the appropriate authority and the Sellers
      indemnify the Buyer, the Company to the Buyer’s reasonable satisfaction in
      accordance with paragraph 7.2, the date for payment by the Sellers shall be
      the
      earlier of the date on which the tax becomes recoverable by the relevant tax
      authority (notwithstanding any initial deferral) and such date when the amount
      of tax is finally and conclusively determined. For this purpose, an amount
      of
      tax shall be deemed to be finally determined when, in respect of such amount,
      an
      agreement under section 54 of the Taxes Management Act 1970 or any legislative
      provision corresponding to that section is made, or a decision of a court or
      tribunal is given or any binding agreement or determination is made from which
      either no appeal lies or in respect of which no appeal is made within the
      prescribed time limit.

     

    
      	
              8.2

            	
              Where
                a claim under this Schedule relates to the loss or set off of a repayment
                of tax, the Sellers shall pay to the Buyer the amount claimed under
                this
                Schedule in respect thereof on or before the date which is the later
                of
                the date ten Business Days after demand is made therefor under this
                Schedule and the date when such repayment would have been due were
                it not
                for such loss or setting off.

            

    

     

    
      	
              8.3

            	
              Where
                a claim under this Schedule relates to the loss, use or set off of
                any
                Buyer’s relief other than a repayment of tax, the Sellers shall pay to
                the
                Buyer the amount claimed under this Schedule in respect thereof on
                or
                before the date which is the later of the date ten Business Days
                after
                demand is made therefor under this Schedule,
                and:

            

    

     

    
      	
            	(a)	
              in
                the case of a relief which is used or set off, the date or dates
                referred
                to in paragraph 8.1(a) or 8.1(b) that would have applied to the tax
                saved
                by the use or set off of the relief if that tax had been payable;
                or

            

    

     

    
      	
            	(b)	
              in
                the case of a relief which is lost, the date or dates referred to
                in
                paragraph 8.1(a) or 8.1(b) that apply to the tax which but for such
                loss
                would have been saved by virtue of such relief, ignoring for this
                purpose
                the effect of reliefs (other than deductions in computing profits
                for the
                purposes of tax) arising in respect of an event occurring or period
                ending
                after Completion.

            

    

     

    
      	
              8.4

            	
              Where
                a claim under this Schedule relates to Costs of the type referred
                to in
                paragraph 2.3 above, the Sellers shall pay to the Buyer the amount
                claimed
                under this Schedule in respect thereof on or before the date which
                is the
                later of the date ten Business Days after demand is made therefor
                under
                this Schedule and the fifth Business Day prior to the date when the
                Company becomes liable to pay or incur such Costs under the relevant
                sale
                and purchase agreement.

            

    

     

    
      	
              8.5

            	
              Paragraphs
                8.1, 8.2, 8.3 and 8.4 shall apply to any additional amount payable
                under
                paragraphs 4, 5 and 6 so that such amount shall be paid on the later
                of
                the date ten Business Days after demand is made therefor by or on
                behalf
                of the claimant and such other date or dates determined under paragraphs
                8.1, 8.2, 8.3 and 8.4 in relation to the tax, relief or Costs to
                which the
                claim under paragraph 2 in respect of which such additional amount
                is due,
                relates.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              8.6

            	
              Any
                sum not paid by the Sellers on the due date for payment specified
                in this
                paragraph 8 shall bear interest (which shall accrue from day to day
                after
                as well as before any judgment for the same) at the rate of 3 per
                cent.
                per annum over the base rate of Barclays Bank Plc (or in the absence
                of
                such rate at such similar rate as the Buyer shall select) from the
                due
                date to and including the day of actual payment of such sum. Such
                interest
                shall be paid on the demand of the
                Buyer.

            

    

     

    
      	
              9

            	
              Recovery
                from third parties

            

    

     

    
      	
              9.1

            	
              If
                any payment is made by the Sellers under this Schedule in full discharge
                of a liability which arises under this Schedule in respect of a tax
                liability and the Buyer or the Company subsequently receives from
                any
                person other than the Buyer, the Company or any person connected
                with any
                of them a payment or relief in respect of the tax liability in question
                (which payment or relief is received by virtue of a legal right),
                the
                Buyer shall pay to the Sellers an amount equal to the amount received
                or
                the amount that the Buyer or the Company will save by virtue of the
                receipt of the relief (less the amount of all Costs incurred in obtaining
                such payment or relief, and net of any tax payable on the amount
                received)
                to the extent that the payment to the Sellers does not exceed the
                payment
                originally made by the Sellers (net of any tax suffered thereon),
                and to
                the extent that the right to such payment or relief is not prejudiced
                thereby.

            

    

     

    
      	
              9.2

            	
              Where
                the Buyer or the Company receives a relief as referred to in paragraph
                9.1, a payment shall be made to the Sellers within 10 Business Days
                of the
                date on which the tax that would have been payable but for the relief
                would have become recoverable by the appropriate tax authority. Such
                payment shall not be made to the extent that, but for the use of
                such
                relief, the Company would have had an actual tax liability in respect
                of
                which the Buyer would have been able to make a claim against the
                Sellers
                under this Schedule.

            

    

     

    
      	
              9.3

            	
              The
                provisions of paragraph 8.6 shall apply to payments under this paragraph
                9
                as if references to the Buyer were substituted with references to
                the
                Sellers and vice versa and subject to any other necessary
                modifications.

            

    

     

    
      	
              10

            	
              Secondary
                liabilities

            

    

     

    
      	
              10.1

            	
              The
                Sellers covenant with the Buyer to pay to the Buyer an amount equivalent
                to any tax or any amount on account of tax which the Company, or
                any other
                member of the Buyer’s Group, is required to pay as a result of a failure
                by any member of the Sellers to discharge that
                tax.

            

    

     

    
      	
              10.2

            	
              The
                Buyer covenants with the Sellers to pay to the Sellers an amount
                equivalent to any tax or any amount on account of tax which the Sellers
                are required to pay as a result of a failure by the Company, or any
                other
                member of the Buyer’s Group, to discharge that tax.
                

            

    

     

    
      	
              10.3

            	
              The
                covenants contained in paragraphs 10.1 and 10.2
                shall:

            

    

     

    
      	
            	(a)	
              extend
                to any Costs incurred in connection with such tax or a claim under
                paragraphs 10.1 or 10.2 as the case may
                be;

            

    

     

    
      	
            	(b)	
              (in
                the case of paragraph 10.2) not apply to tax to the extent that the
                Buyer
                could claim payment in respect of it under paragraph 2, except to
                the
                extent a payment has been made pursuant to paragraph 2 and the tax
                to
                which it relates was not paid by the Company;
                and

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	(c)	
              not
                apply to tax to the extent it has been recovered under any relevant
                statutory provision (and the Buyer or the Sellers as the case may
                be shall
                procure that no such recovery is sought to the extent that payment
                is made
                hereunder).

            

    

     

    
      	
              10.4

            	
              Paragraphs
                6, 7 and 8 (tax on covenant payments, conduct of disputes and due
                date for
                payment) shall apply to the covenants contained in paragraphs 10.1
                and
                10.2 as they apply to the covenants contained in paragraph 2, replacing
                references to the Sellers by the Buyer (and vice versa) where appropriate,
                and making any other necessary
                modifications.

            

    

     

    
      	
              11

            	
              Management
                of pre-completion tax affairs 

            

    

     

    Interpretation

     

    
      	
              11.1

            	
              In
                this paragraph 11 and in paragraph
                12:

            

    

     

    
      
        	
                "accounting
                  period"

              	 	
                means
                  any period by reference to which any income, profits or gains, or any
                  other amounts relevant for the purposes of tax, are measured or
                  determined;

              
	 	 	 
	
                "pre-Completion
                  tax affairs"

              	 	
                means
                  the tax affairs of the Company for which the Sellers are responsible
                  under
                  this paragraph 11;

              
	 	 	 
	
                "tax
                  documents"

              	 	
                means
                  the tax returns, claims and other documents which the Sellers are
                  required
                  to prepare on behalf of the Company under paragraphs 11.2(a) and
                  11.2(b);

              
	 	 	 
	
                "tax
                  return"

              	 	
                means
                  any return required to be made to any tax authority of income,
                  profits or
                  gains or of any other amounts or information relevant for the purposes
                  of
                  tax, including any related Completion Accounts, computations and
                  attachments; and

              
	 	 	 
	
                "time
                  limit"

              	 	
                means
                  the latest date on which a tax document can be executed or delivered
                  to a
                  relevant tax authority either without incurring interest or a penalty,
                  or
                  in order to ensure that such tax document is
                  effective.

              

      

    

     

    Rights
      and Obligations of the Sellers

     

    
      	
              11.2

            	
              Subject
                to and in accordance with the provisions of this paragraph the Sellers
                or
                their duly authorised agents shall, in respect of all accounting
                periods
                ending on or before Completion, and at the Company’s
                cost:

            

    

     

    
      	
            	(a)	
              prepare
                the tax returns of the Company;

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	(b)	
              prepare
                on behalf of the Company all claims, elections, surrenders, disclaimers,
                notices and consents for the purposes of tax;
                and

            

    

     

    
      	
            	(c)	
              (subject
                to paragraph 7) deal with all matters relating to tax which concern
                or
                affect the Company, including the conduct of all negotiations and
                correspondence and the reaching of all agreements relating thereto
                or to
                any tax documents.

            

    

     

    
      	
              11.3

            	
              Except
                with the Buyer's written consent, the Sellers shall not, and shall
                procure
                that its duly authorised agents do not, prepare any tax document
                (or any
                similar document relating to the tax affairs of the Sellers or any
                company
                under its control) which comprises or includes a claim, election,
                surrender, disclaimer, notice or consent, or withdraw any such item
                unless
                the making, giving or withdrawal of it (as the case may be) either
                has
                been taken into account in preparing the Completion Accounts, or
                could not
                have any adverse effect on the liability to tax of the
                Company.

            

    

     

    
      	
              11.4

            	
              The
                Sellers or their duly authorised agents shall deliver all tax documents
                to
                the Buyer for authorisation, signing and submission to the relevant
                tax
                authority. If a time limit applies in relation to any tax document,
                the
                Sellers shall ensure that the Buyer receives the tax document no
                later
                than 10 Business Days before the expiry of the time
                limit.

            

    

     

    
      	
              11.5

            	
              If
                the Sellers or their duly authorised agent fails to deliver a tax
                document
                to which a time limit applies to the Buyer within the period specified
                in
                paragraph 11.4, and such tax document is a tax return or is otherwise
                material to the tax position of the Company,
                then:

            

    

     

    
      	
            	(a)	
              the
                Sellers shall notify the Buyer of such failure as soon as is
                practicable;

            

    

     

    
      	
            	(b)	
              the
                Buyer shall be permitted to arrange for the preparation and submission
                of
                the tax document (but shall not be liable for any failure to do so);
                and

            

    

     

    
      	
            	(c)	
              (for
                the avoidance of doubt) paragraph 2.1(c) shall apply in respect of
                such
                failure.

            

    

     

    
      	
              11.6

            	
              The
                Sellers shall procure that:

            

    

     

    
      	
            	(a)	
              the
                Buyer is kept fully informed of the progress of all matters relating
                to
                the pre-Completion tax affairs;

            

    

     

    
      	
            	(b)	
              the
                Buyer promptly receives copies of all written correspondence with
                any tax
                authority insofar as it is relevant to the pre-Completion tax
                affairs;

            

    

     

    
      	
            	(c)	
              no
                tax document is submitted to any tax authority which is not, so far
                as the
                Sellers are aware, complete, true and accurate in all respects, and
                not
                misleading; and

            

    

     

    
      	
            	(d)	
              no
                Material Correspondence is submitted to, or any Material Agreement
                reached
                with, any tax authority without the prior approval of the Buyer (such
                approval not to be unreasonably withheld or
                delayed).

            

    

     

    For
      the
      purposes of sub-paragraph 11.6(d) above, Material Correspondence and Material
      Agreements are tax documents, other correspondence and agreements which the
      Sellers consider or ought reasonably to consider may be of material importance
      to the Buyer as regards either the future relationship with the tax authority
      concerned, or the future liability to tax, of the Buyer or the
      Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              11.7

            	
              The
                Sellers agree to devote reasonable resources to dealing with
                pre-Completion tax affairs, and shall use reasonable endeavours to
                ensure
                that they are finalised as soon as reasonably practicable. Following
                such
                date the Sellers and their agents shall cease to be responsible for,
                or to
                have power or authority to deal with, pre-Completion tax affairs
                on behalf
                of the Company but shall pay to the Buyer the amount of any reasonable
                costs and expenses thereafter incurred in conducting such
                affairs.

            

    

     

    Obligations
      of the Buyer

     

    
      	
              11.8

            	
              The
                Buyer shall procure that:

            

    

     

    
      	
            	(a)	
              the
                Sellers and their duly authorised agents are afforded such access
                (including the taking of copies) to the books, Completion Accounts
                and
                records of the Company and such other assistance as it or they reasonably
                require to enable the Sellers to discharge their obligations under
                paragraph 11.2 and to enable the Sellers to comply with their own
                tax
                obligations; and

            

    

     

    
      	
            	(b)	
              the
                Sellers are sent a copy of any communication from any tax authority
                insofar as it relates to the pre-Completion tax
                affairs.

            

    

     

    
      	
              11.9

            	
              The
                Buyer shall (subject to paragraph 11.10 below and to compliance by
                the
                Sellers with the other provisions of this paragraph 11) be obliged
                to
                procure that the Company shall cause any tax document delivered to
                it
                under paragraph 11.4 to be authorised, signed and submitted to the
                appropriate tax authority.

            

    

     

    Rights
      of the Buyer

     

    
      	
              11.10

            	
              The
                Buyer shall be under no obligation to procure the authorisation,
                signing,
                or submission to a tax authority of any tax document delivered to
                it under
                paragraph 11.4 which it considers in its reasonable opinion to be
                false,
                misleading, incomplete or inaccurate in any respect, but for the
                avoidance
                of doubt shall be under no obligation to make any enquiry as to the
                completeness or accuracy thereof and shall be entitled to rely entirely
                on
                the Sellers and its agents.

            

    

     

    
      	
              11.11

            	
              If
                the Buyer considers in its reasonable opinion
                that:

            

    

     

    
      	
            	(a)	
              any
                tax document prepared by or on behalf of the Sellers pursuant to
                paragraph
                11.2 is false, misleading, incomplete or inaccurate in any material
                respect (otherwise than as a result of the non-disclosure of information
                by the Buyer or the Company to the Sellers);
                or

            

    

     

    
      	
            	(b)	
              the
                way in which the Sellers or their duly authorised agents are conducting
                or
                are proposing to conduct the pre-Completion tax affairs is improper
                or
                negligent or is likely to:

            

    

     

    
      	 	
              (i)

            	
              involve
                unreasonable delay in reaching agreement with a relevant tax authority;
                or

            

    

     

    
      	 	
              (ii)

            	
              prejudice
                the future relationship with the tax authority of the Buyer or the
                Company,

            

    

     

    then,
      without prejudice to any rights or remedies available to the Buyer under this
      Schedule, the Buyer shall be entitled to serve notice on the Sellers terminating
      their authority to deal with pre-Completion tax affairs, whereupon the
      provisions of paragraph 10.7 shall apply as if the date referred to in that
      paragraph had passed.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              12

            	
              Conduct
                of other tax affairs

            

    

     

    
      	
              12.1

            	
              Subject
                to paragraph 7, the Buyer or its duly authorised agents shall have
                sole
                conduct of all tax affairs of the Company which are not pre-Completion
                tax
                affairs and shall be entitled to deal with such tax affairs in any
                way in
                which it, in its absolute discretion, considers
                fit.

            

    

     

    
      	
              12.2

            	
              In
                respect of any accounting period commencing prior to Completion and
                ending
                after Completion (the "Straddle Period") the Buyer shall procure
                that the
                tax returns of the Company shall be prepared on a basis which is
                consistent with the manner in which the tax returns of the Company
                were
                prepared for all accounting periods ending prior to
                Completion.

            

    

     

    
      	
              12.3

            	
              The
                Buyer shall procure that the Company provide to the Sellers all tax
                returns relating to the Straddle Period no later than 20 Business
                Days
                before the date on which such tax returns are required to be filed
                with
                the appropriate tax authority without incurring interest or penalties.
                The
                Buyer shall further procure that the Company shall take the Sellers’
                reasonable comments into account before those tax returns are submitted
                to
                the appropriate tax authority.

            

    

     

    
      	
              12.4

            	
              The
                Sellers shall provide such assistance as the Buyer shall reasonably
                request in preparing all tax returns relating to the Straddle
                Period.

            

    

     

    
      	
              13

            	
              Savings
                and Over Provisions

            

    

     

    
      	
              13.1

            	
              If
                any member of the Buyer’s Group obtains a Saving or it becomes apparent
                that an Over Provision has been made, the Saving or Over Provision
                (as the
                case may be) will be applied as
                follows:

            

    

     

    
      	 	
              a)

            	
              first,
                the amount of the Saving or Over Provision will be set off against
                any
                payment then due from the Sellers under this Schedule
                4;

            

    

     

    
      	 	
              b)

            	
              secondly,
                to the extent that there is an excess, the Buyer will, within ten
                Business
                Days of a member of the Buyer’s Group obtaining a Saving or it becoming
                apparent that there is an Over Provision, as the case may be, pay
                to the
                Sellers the lesser of:

            

    

     

    
      	 	
              (i)

            	
              the
                amount of the excess; and

            

    

     

    
      	 	
              (ii)

            	
              any
                amount previously paid by the Sellers under this Schedule 4 (including
                for
                any breach of any Taxation
                Warranty);

            

    

     

    
      	 	
              c)

            	
              thirdly,
                and in the case of a Saving only where the Saving arises from the
                use of a
                Corresponding Relief, to the extent that the excess referred to in
                paragraph 13.1(b) is not exhausted, the remainder of that excess
                will
                carried forward and set off against any future liability of the Sellers
                under this Schedule 4 (including for any breach of any Taxation Warranty).
                For the avoidance of doubt, the Buyer shall have no obligation to
                make,
                and the Sellers shall have no right to receive any payment in excess
                of
                any amounts paid by the Sellers under this Tax
                Covenant.

            

    

     

    
      	
              13.2

            	
              The
                Buyer will procure that the Company uses any Sellers’ relief available to
                it which would give rise to a Saving as soon as it is reasonably
                practicable for the Company to do
                so.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              13.3

            	
              The
                Buyer will inform the Sellers as soon as reasonably practicable after
                it
                or the Company becomes aware that the Company may obtain a Saving
                or that
                there may be an Over Provision.

            

    

     

    
      	
              13.4

            	
              If
                the parties cannot agree as to the existence and/or the quantum of
                any
                Saving or Over Provision or the date on which any Saving is obtained,
                such
                disagreement may be referred by either party to the Auditors for
                determination and, in making such determination, the Auditors will
                act as
                experts and not as arbitrators and their determination will (in the
                absence of manifest error) be conclusive and binding on the parties.
                The
                costs of the Auditors shall be borne as the Auditors shall determine
                having regard to the relative merits of the parties in respect of
                the
                disagreement and such determination as to costs will be conclusive
                and
                binding on the parties.

            

    

     

    
      	
              13.5

            	
              The
                provisions of paragraph 8.6 will apply to paragraph 13.1(b) as if
                references to the Buyer were substituted with references to the Sellers
                and vice versa and subject to any other necessary
                modifications.

            

    

     

    
      	
              14

            	
              Tax
                Relief Payments

            

    

     

    
      	
              14.1

            	
              The
                Buyer will inform the Sellers as soon as reasonably practicable after
                it
                or the Company becomes aware that any Losses may be
                Utilised.

            

    

     

    
      	
              14.2

            	
              If
                any member of the Buyer’s Group is able to Utilise Losses, the Buyer shall
                make a Tax Relief Payment to the
                Sellers.

            

    

     

    
      	
              14.3

            	
              The
                amount of such Tax Relief Payment shall be an amount equal to 80%
                of any
                relevant Losses which have been Utilised, multiplied by the rate
                of
                Corporation Tax payable by the relevant member of the Buyer’s Group on the
                taxable amounts against which such Losses have been
                Utilised.

            

    

     

    
      	
              14.4

            	
              Each
                Tax Relief Payment shall become payable on the Tax Payment Date which
                relates to the Losses in question.

            

    

     

    
      	
              14.5

            	
              If
                any Losses which have been Utilised are subsequently disallowed by
                HM
                Revenue & Customs (for whatever reason) the Sellers will repay to the
                Buyer the amount of any Tax Relief Payment made by the Buyer in respect
                of
                the amount of the relevant Losses which are disallowed. Such repayment
                shall be made by the Sellers within 15 Business Days of receipt of
                written
                notice from the Buyer that such Losses have been
                disallowed.

            

    

     

    
      	
              14.6

            	
              For
                the avoidance of doubt, notwithstanding the existence of any Losses
                at
                Completion, the Buyer shall be under no obligation to make any Tax
                Relief
                Payments unless (and only to the extent that) such Losses are
                Utilised.

            

    

     

    
      	
              14.7

            	
              The
                provisions of paragraph 8.6 will apply to paragraph 14.4 as if references
                to the Buyer were substituted with references to the Sellers and
                vice
                versa and subject to any other necessary modifications.
                

            

    

     

    
      	
              14.8

            	
              The
                Buyer shall provide the Sellers with copies of the tax returns
                and computations of the Company (or any company in the Buyer's Group
                which acquires the Company's business and assets) for all the accounting
                periods ending after Completion until the Losses are
                utilised.

            

    

     

    
      	
              14.9

            	
              To
                the extent permitted by law, the Buyer shall use the Losses in priority
                to
                any other reliefs which arise to the Company after
                Completion.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              15

            	
              Illegality 

            

    

     

    If
      at any
      time any provision of this Schedule is or becomes illegal, invalid or
      unenforceable in any respect under the law of any jurisdiction, neither the
      legality, validity or enforceability of the remaining provisions hereof nor
      the
      legality, validity or enforceability of such provision under the law of any
      other jurisdiction shall in any way be affected or impaired
      thereby.

     

    
      	
              16

            	
              Waiver

            

    

     

    
      	
              16.1

            	
              Subject
                to the foregoing provisions of this Schedule, no delay or omission
                of the
                Buyer in exercising any right or power under or pursuant to this
                Schedule
                shall impair such right or power or be construed as a waiver or variation
                thereof or preclude its exercise at any subsequent time and no single
                or
                partial exercise of any such right or power shall preclude any other
                or
                further exercise of it or any other right or power. The rights and
                remedies of the Buyer provided in this Schedule are cumulative, may
                be
                exercised as often as such party considers appropriate, and are in
                addition to its rights and remedies under general
                law.

            

    

     

    
      	
              16.2

            	
              The
                rights and remedies of the Buyer under this Schedule shall not be
                affected, and the Sellers’ liabilities under this Schedule shall not,
                subject to compliance with the notice requirements in this Schedule
                and in
                this Agreement, be released, discharged or impaired, by the expiry
                of any
                limitation period prescribed by
                law.

            

    

     

    
      	
              17

            	
              Assignment 

            

    

     

    
      	
              17.1

            	
              The
                Sellers agree and acknowledge that the Buyer shall be entitled at
                any time
                to assign, transfer or charge all or any of its rights under this
                Schedule.

            

    

     

    
      	
              17.2

            	
              If
                the Buyer assigns or transfers or charges any of its rights under
                this
                Schedule the Buyer will notify the Sellers as soon as practicable
                after
                such assignment, transfer or charge together with particulars of
                the
                assignee, transferee or chargee.

            

    

     

    
      	
              17.3

            	
              The
                Sellers shall from time to time upon request from the Buyer execute
                any
                agreements or other instruments (including, without limitation, any
                supplement or amendment to this Schedule) which may be required in
                order
                to give effect to or perfect any assignment, transfer or charge referred
                to in paragraph 15.1.

            

    

     

    
      	
              17.4

            	
              The
                Sellers shall not nor shall it purport to assign, transfer, charge
                or
                otherwise deal with all or any of its rights under this Schedule
                nor
                grant, declare, create or dispose of any right or interest in it
                without
                the prior written consent of the Buyer, such approval not to be
                unreasonably withheld or delayed.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule
      5 - Games

     

    
      	
              Playstation
                Titles

            
	
              Actua
                Soccer 3

            
	
              Actua
                Golf 3

            
	
              Actua
                Tennis

            
	
              Actua
                Pool/Pool Shark

            
	
              Actua
                Ice Hockey

            
	
              Loaded

            
	
              Re-Loaded

            
	
              Hardcore
                4x4

            
	
              Buggy

            
	
              Premier
                Manager 2000

            
	
              N20

            
	
              Motorhead

            
	
               

              PC
                Titles

              Casino
                Poker

            
	
              Casino
                Blackjack

            
	
              Fragile
                Allegiance

            
	
              Hardwar

            
	
              Litil
                Divil

            
	
              Motorhead

            
	
              Normality

            
	
              Realms
                of the Haunting

            
	
              Slipstream
                5000

            
	
              Fatal
                Racing

            
	
              Wild
                Metal Country

            
	
              Prem
                Man 98

            
	
              Soulbringer

            
	
              Buggy

            
	
              Pool
                Shark

            
	
              Hardcore
                4x4

            
	
              Sand
                Warriors

            
	
              Actua
                Golf

            
	
              Actua
                Soccer 3

            
	
              Actua
                Ice Hockey

            
	
              Actua
                Tennis

            
	
              Zool

            
	
              Zool
                2

            
	
              K240

              Gun
                Metal

            
	
              Home
                Creative Studio

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule
      6 – Limitations on the liability
      of the Sellers

     

    
      	
              1

            	
              Financial
                limits

            

    

     

    The
      aggregate liability of the Sellers for all Claims, shall not exceed the
      aggregate amount of the Consideration actually received by the Sellers pursuant
      to this Agreement from time to time. For the avoidance of doubt, for the
      purposes of this paragraph, the value of the Consideration Shares is an amount
      equal to USD$20.00 per share.

    

    
      	
              2

            	
              Time
                limits

            

    

     

    
      	
              2.1

            	
              The
                Sellers shall not be liable for a Claim unless the Buyer gives each
                of the
                Sellers notice of such Claim (stating in reasonable detail the matter
                which gives rise to the Claim, the nature of the Claim and (so far
                as
                possible) a reasonable estimate of the amount
                claimed):

            

    

     

    
      	 	
              a)

            	
              in
                the case of a Claim for breach of any of the Warranties in part 2
                of
                schedule 2 or under the Tax Covenant, within a period ending 28 days
                following the sixth anniversary of the accounting period in which
                Completion occurs; or

            

    

    

    
      	 	
              b)

            	
              in
                the case of any other Claim, on or before date which is 2 years from
                Completion.

            

    

     

    
      	
              2.2

            	
              A
                Claim notified in accordance with paragraph 2.1, which is not previously
                satisfied, settled or withdrawn, shall be deemed to have been withdrawn
                and waived in full by the Buyer unless a letter of claim in respect
                of
                such Claim compliant with the pre-action protocol has been sent to
                the
                Sellers within the period of 9 months starting on the day such claim
                was
                notified to the Sellers.

            

    

    

    
      	
              3

            	
              General
                limits

            

    

     

    The
      Seller shall not be liable in respect of a Claim (other than a claim under
      the
      Tax Covenant) and accordingly no such Claim may be brought:

     

    
      	
              3.1

            	
              to
                the extent that the matter, fact or circumstance giving rise to the
                Claim:

            

    

    

    
      	 	
              a)

            	
              is
                Disclosed;

            

    

    

    
      	 	
              b)

            	
              would
                not have arisen or occurred but for an act, omission or transaction
                done,
                made or carried out:

            

    

     

    
      	 	
              (i)

            	
              by
                the Sellers or the Company, or any of their employees or agents prior
                to
                Completion at the specific written request of or with the specific
                written
                consent of the Buyer and with actual knowledge that such act, omission
                or
                transaction would give rise to the relevant Claim;
                or

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (ii)

            	
              by
                the Buyer or any of its directors, employees or agents at any time
                with
                actual knowledge that such act, omission or transaction would give
                rise to
                the relevant Claim; 

            

    

     

    other
      than where any such act, omission or transaction is carried out (i) in the
      ordinary course of the business of the Company, (ii) pursuant to a legally
      binding obligation to which the Company, the Buyer and/or any member of the
      Buyer’s Group is bound or (iii) to avoid or reduce any potential liability
      arising from any facts, matters or circumstances which would otherwise give
      rise
      to a Claim or increase the amount of any Claim;

     

    
      	 	
              c)

            	
              would
                not have arisen or occurred but for the passing of, or a change in,
                a law,
                rule, regulation, interpretation of the law or administrative practice
                of
                a government, governmental department, agency or regulatory body,
                or a
                judgment passed, after the date of this Agreement and which takes
                effect
                retrospectively; or

            

    

    

    
      	 	
              d)

            	
              is
                specifically provided or reserved for in the Accounts or the Completion
                Accounts (and then only as to the amount of the specific provision
                or
                reserve).

            

    

    

    
      	
              3.2

            	
              where
                the matter giving rise to the Claim is capable of remedy without
                any
                damage, loss, liability, expense or prejudice to the Company, the
                Buyer or
                any member of the Buyer’s Group, until after notice of the breach is given
                to each of the Sellers and the matter is not remedied to the reasonable
                satisfaction of the Buyer (without any damage, loss, liability, expense
                or
                prejudice to the Company, the Buyer or any member of the Buyer’s Group
                arising as a result) within 20 days after the date on which such
                notice is
                served;

            

    

     

    
      	
              3.3

            	
              where
                the matter giving rise to the Claim is one for which the Buyer or
                the
                Company has a right of recovery under any policy of insurance (and
                only to
                the extent that the Buyer or the Company makes such a recovery and
                provided such recovery does not result in or increase any damage,
                loss,
                liability, expense or prejudice to the Company, the Buyer or any
                member of
                the Buyer’s Group or any material increase in any future insurance
                premiums);

            

    

     

    
      	
              3.4

            	
              where
                the loss or liability resulting from the Claim has been or is made
                good or
                otherwise compensated for at no expense to the Buyer or the
                Company;

            

    

     

    
      	
              3.5

            	
              which
                is contingent or unquantifiable unless and until either such contingent
                liability becomes an actual liability or such unquantifiable liability
                becomes quantifiable and, in either case, such liability is due and
                payable provided that this paragraph shall not operate to avoid a
                Claim in
                respect of any contingent liability made before the expiry of the
                period
                referred to in paragraph 2.1 of this Schedule if reasonable details
                of the
                Claim have been sent to the Sellers before the expiry of such period
                even
                if such liability shall not become an actual liability until after
                the
                expiry of the relevant period and in the case of a Claim based upon
                a
                contingent liability, the 9 month period referred to in paragraph
                2.2
                shall start on the date such liability becomes an actual
                liability;

            

    

     

    
      	
              4

            	
              Conduct
                of Claims
                and Recovery from Third Parties

            

    

    

    
      	
              4.1

            	
              This
                paragraph does not apply to regulate the conduct of Claims in relation
                to
                tax but it applies to regulate the conduct of all other Claims as
                set out
                below. All Claims or potential Claims in relation to tax shall be
                conducted in accordance with the Tax
                Covenant.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              4.2

            	
              Without
                prejudice to the Buyer’s right to bring any Claim against the Sellers, the
                Sellers may require the Buyer at the expense of the Sellers to take
                and to
                procure that the Company takes all such reasonable steps or proceedings
                as
                the Sellers may in good faith consider reasonably necessary in order
                to
                avoid, resist, mitigate, compromise, defend or appeal against any
                Third
                Party Claim or to enforce any Third Party Recovery Right provided
                that:

            

    

     

    
      	 	
              (a)

            	
              the
                Buyer shall not be obliged to take nor procure that the Company take
                any
                such steps or proceedings if or to the extent that they would, in
                the
                reasonable opinion of the Buyer:

            

    

     

    
      	
            	(i)	
              damage
                or prejudice the Company, the Buyer or any member of the Buyer’s Group or
                their business interests, goodwill or connections ; or
                

            

    

     

    
      	
            	(ii)	
              adversely
                prejudice the relevant Third Party Claim or Third Party Recovery
                Right;
                

            

    

     

    
      	
            	(b)	
              the
                Sellers shall indemnify the Company and the Buyer on demand against
                any
                and all costs and expenses incurred in connection with the taking
                of those
                steps or proceedings and provide the Buyer with such security as
                to
                payment of such sums as the Buyer may reasonably require;
                and

            

    

     

    
      	 	
              (c)

            	
              the
                Sellers shall discuss and use all reasonable endeavours to agree
                any such
                proposed course of action with the Buyer prior to requiring the Buyer
                or
                the Company to undertake the same.

            

    

     

    
      	 	
              (d)

            	
              If
                the Sellers do not take any action or fail to indemnify and give
                security
                as aforesaid within 14 days of notice being given to them, the Buyer
                and
                the Company shall be free to avoid, resist, mitigate, compromise,
                defend
                or appeal against any Third Party Claim or enforce any Third Party
                Recovery Right as they wish. 

            

    

     

    
      	
              4.3

            	
              If
                any sum is recovered by the Buyer or any member of the Buyer’s Group from
                a third party under a Third Party Recovery Right, unless the Buyer
                has
                paid any amount pursuant to this Schedule in respect of the same,
                any
                Claim by the Buyer or any member of the Buyer’s Group in respect of any
                loss, damage or liability to which that sum relates shall be reduced
                (without prejudice to any other limitations on the liability of the
                Sellers referred to in this Schedule 6) by the amount of the sum
                recovered
                from the third party which is directly attributable to the subject
                matter
                of the relevant Claim after deducting from it all costs, charges
                and
                expenses incurred and not recovered by the Buyer or any member of
                the
                Buyer’s Group (as the case may be) in recovering that sum from the third
                party.

            

    

     

    
      	
              4.4

            	
               Notwithstanding
                the preceding provisions of this paragraph
                4:

            

    

     

    
      	 	
              (a)

            	
              no
                failure by the Purchaser to give any notice required under this paragraph
                4 shall relieve the Sellers of any liability under this Agreement;
                and

            

    

     

    
      	 	
              (b)

            	
              the
                Sellers may not exercise any right pursuant to paragraph 4.2 of this
                Schedule unless they first admit in writing that the relevant Claim
                is one
                in respect of which the Buyer is entitled to be compensated under
                the
                terms of this Agreement. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              4.5

            	
              For
                the purposes of this paragraph 4:

            

    

     

    
      	 	
              (a)

            	
              “Third
                Party Claim”
                means any claim by a third party against the Company and/or the Buyer’s
                Group which will or is likely to give rise to a Claim;
                and

            

    

     

    
      	 	
              (b)

            	
              “Third
                Party Recovery Right”
                means any right to which the Buyer or a member of the Buyer’s Group is or
                becomes entitled (whether under any insurance or by way of payment,
                discount, credit, set off, counterclaim or otherwise) to recover
                from any
                third party any material sum in respect of any loss, damage or liability
                which is or is likely to be the subject of a
                Claim.

            

    

     

    
      	
              5

            	
              Remedies
                and rescission

            

    

     

    
      	
              5.1

            	
              The
                Buyer acknowledges that, save in the case of
                fraud:

            

    

     

    
      	 	
              a)

            	
              its
                sole remedy for any Claim (other than a claim under the Tax Covenant)
                or
                any other claim under this Agreement shall be damages (subject to
                the
                provisions of this Schedule 6) and the Buyer waives any other right,
                power
                or remedy which it might otherwise have relating to any such claim;
                and

            

    

     

    
      	 	
              b)

            	
              no
                breach of any provision of this Agreement shall entitle the Buyer
                to
                rescind this Agreement or treat it as having been terminated and,
                save as
                aforesaid and to the fullest extent permitted by law, the Buyer waives
                all
                such rights of rescission and termination in respect of this Agreement
                howsoever arising.

            

    

     

    
      	
              6

            	
              No
                double claim

            

    

    

    The
      Buyer
      is not entitled to recover damages or otherwise obtain payment, reimbursement
      or
      restitution (whether under the Warranties, Tax Covenant or otherwise) more
      than
      once in respect of the same liability or loss.

     

    
      	
              7

            	
              Duty
                to mitigate

            

    

     

    Nothing
      in this schedule restricts or limits the Buyer's general obligation at law
      to
      mitigate any loss or damage which it may incur in consequence of a matter giving
      rise to a Claim (other than a claim under the Tax Covenant).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              SIGNED
                by

              BARRY
                HATCH

            	
              )

              )

            	 

    

    

     

    
      	
              SIGNED
                by

              IAN
                CLIFFORD STEWART

            	
              )

              )

            	 

    

    

    

    
      	
              SIGNED
                by    

              duly
                authorised for and on behalf of  

              GREEN
                SCREEN INTERACTIVE 

              SOFTWARE LLC

            	
              )

              )

              )

              )

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Appendix
      A

    

    “ZDP
      Financial Forecast 2008- 2009 March 08 V4 Detail.xls (2MB)” 

    

    “ZDP
      3
      Year P&L Forecast 08-11.xls (55KB)”AMENDMENT
        TO LOAN NOTE INSTRUMENT

      

      

      THIS
        AMENDMENT effective and dated as of 30/7/2008 (the "Amendment"), to that
        certain
        LOAN NOTE INSTRUMENT (the "Instrument"), dated as of April 4, 2008 by GREEN
        SCREEN INTERACTIVE SOFTWARE, INC. (f/k/a GREEN SCREEN INTERACTIVE SOFTWARE,
        LLC)
        a Delaware corporation ("Green Screen").

      

      WHEREAS,
        Green Screen entered into a sale and purchase agreement with Barry Hatch
        and Ian
        Stewart (the "Shareholders") on April 4, 2008, under which Green Screen
        purchased from the Shareholders the entire issued share capital of Zoo Digital
        Publishing Limited (the "Agreement);

      

      WHEREAS,
        under the terms of the Agreement, Green Screen agreed to issue and allot
        to the
        Shareholders as part of the consideration payable under the Agreement loan
        notes
        in the principal sum of $2,500,000 and the loan notes constituted by the
        Instrument were issued by Green Screen to the Shareholders to satisfy this
        obligation;

      

      WHEREAS,
        the Parties desire to amend the Instrument in the manner described
        below,

      

      NOW,
        THEREFORE, in consideration of the mutual promises herein made, in consideration
        of the representations herein contained, and for other good and valuable
        consideration, the receipt and sufficiency of which are hereby acknowledged,
        the
        Parties, intending to be legally bound, hereby agree as follows:.

      

      
        	 	
                1.

              	
                Capitalized
                  terms used in this Amendment which are not otherwise defined shall
                  have
                  the same meaning as set forth in the
                  Instrument.

              

      

      

      
        	 	
                2.

              	
                That
                  Certificate issued by Green Screen to Ian Stewart on April 4, 2008
                  in
                  respect of Notes for the original principal amount of $1,250,000
                  has been
                  delivered to Green Screen by Ian Stewart for cancellation, and
                  such Notes
                  are hereby redeemed in full and such Certificate is hereby cancelled,
                  and
                  Green Screen shall simultaneously with the execution of this Amendment
                  deliver to Ian Stewart a certificate for 117,370 shares of common
                  stock of
                  Green Screen valued at a price of $10.65 per share. Green Screen
                  represents that such shares are duly authorized, validly issued,
                  fully
                  paid and nonassessable.

              

      

       

      
        	 	
                3.

              	
                That
                  Certificate issued by Green Screen to Barry Hatch on April 4, 2008
                  in
                  respect of Notes for the original principal amount of $1,250,000
                  has been
                  delivered to Green Screen by Barry Hatch for partial redemption
                  of such
                  Notes and enfacement of a memorandum for $500,000 in principal
                  of Notes
                  which shall be payable by December 31, 2008 and Green Screen shall
                  simultaneously with the execution of this Amendment deliver to
                  Barry Hatch
                  a certificate for 70,422 shares of common stock of Green Screen
                  valued at
                  a price of $10.65 per share. Green Screen represents that such
                  shares are
                  duly authorized, validly issued, fully paid and
                  nonassessable.

              

      

      
      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 	
                4.

              	
                Clause
                  5.1 of the Instrument shall be deemed to be deleted and replaced
                  with the
                  following wording:

              

      

      

      
        	 	 	
                “Subject
                  to Clause 4, Clause 5.2 and the other provisions of this Deed and
                  Clause 9
                  of the Share Sale Agreement, the Notes shall be redeemed at par
                  in the
                  principal amount of $500,000 on December 31, 2008 (the “Maturity
                  Date”).”

              

      

      

      
        	 	
                5.

              	
                The
                  Parties intend that the cancellation of the Certificates and redemption
                  of
                  the Notes and enforcement of a memorandum and the delivery of certificates
                  for common stock referred to in paragraphs 2 and 3 above shall
                  be treated
                  as a “conversion” for the purposes of Section 132 of the Taxation of
                  Chargeable Gains Act 1992.

              

      

      

      
        	 	
                6.

              	
                Except
                  as expressly amended by this Amendment, the terms of the Instrument
                  remain
                  in full force and effect. In the event of any conflict between
                  the terms
                  of the Instrument and this Amendment the term of this Amendment
                  shall
                  control.

              

      

      

      
        	 	
                7.

              	
                This
                  Amendment may be executed in any number of counterparts with the
                  same
                  effect as if all Parties hereto had signed the same document. All
                  counterparts shall be construed together and shall constitute one
                  agreement. This Amendment and any signed agreement or instrument
                  entered
                  into in connection with this Agreement or contemplated hereby,
                  and any
                  amendments hereto or thereto, to the extent signed and delivered
                  by means
                  of a facsimile machine or other electronic means, shall be treated
                  in all
                  manner and respects as an original agreement or instrument and
                  shall be
                  considered to have the same binding legal effect as if it were
                  the
                  original signed version thereof delivered in person. At the request
                  of any
                  party hereto or to any such agreement or Instrument, each other
                  party
                  hereto or thereto shall re-execute original forms thereof and deliver
                  them
                  to all other Parties. No party to any such agreement or instrument
                  shall
                  raise the use of a facsimile machine or other electronic means
                  to deliver
                  a signature or the fact that any signature or agreement or instrument
                  was
                  transmitted or communicated through the use of a facsimile machine
                  or the
                  internet as a defense to the formation of a contract and each such
                  party
                  forever waives any such defense.

              

      

       

      [Signature
        Page Follows]

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      

      IN
        WITNESS WHEREOF, the Parties hereto have executed and delivered as a deed
        this
        Amendment to the Instrument as of the date first above written.

      

      Executed
        and delivered as a deed by

      GREEN
        SCREEN INTERACTIVE SOFTWARE, INC

      acting
        by

      

      /s/
        Mark
        Seremet, President

      

      Executed
        and delivered as a deed by

      BARRY
        HATCH /s/ Barry Hatch

      in
        the
        presence of

      

      /s/
        Stephen Bailey

      

      Executed
        and delivered as a deed by

      IAN
        STEWART /s/ Ian Stewart

      in
        the
        presence of

      

      /s/
        Joanne Dale

      

      
        
           

        

        
          3

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