Document:

EX-10.1

OFFICE LEASE

THIS LEASE is made and entered into as of the 18th day of October, 2006, by and between DH
Realty, LLC, an Indiana limited liability company (“Landlord”), and CTI Group (Holdings), Inc., a
Delaware corporation (“Tenant”).

ARTICLE I

DEMISE

Subject to and upon the terms, covenants, conditions and provisions hereinafter set forth, and
each in consideration of the duties, covenants and obligations of the other hereunder, Landlord
hereby leases, demises and lets to Tenant, and Tenant hereby leases from Landlord, the Leased
Premises (as hereinafter defined).

SECTION 1.01. PREPARATION OF LEASED PREMISES. Landlord agrees to perform and
complete the work required for preparation of the Leased Premises for Tenant’s occupancy as set
forth in Landlord’s and Tenant’s Work Letter (“Work Letter”) attached hereto and hereby made a part
hereof and marked as Exhibit A. Landlord shall complete all such work prior to the stated
Commencement Date of the Term subject to events and delays beyond its reasonable control. Landlord
shall contribute an amount not to exceed Two Hundred Thousand Dollars and No Cents ($200,000.00)
(the “Tenant Improvement Allowance”) toward such work as described in Exhibit A; provided, however,
Tenant may use up to Fifty Thousand Dollars ($50,000) of the Tenant Improvement Allowance for
improvements at its discretion. In the event the work required by Tenant is performed for less
than the allowance, Landlord shall be entitled to benefit by the extent of any savings. In the
event the work required by Tenant is more than the stated allowance, then Tenant shall bear any
such excess cost. Landlord shall keep Tenant advised of the status of completion and anticipated
completion of such work. Landlord shall notify Tenant when the work to be performed by Landlord
is substantially completed.

ARTICLE II

DEFINITIONS

The following terms shall have the following meanings:

(a) Building: 333 North Alabama Street, Indianapolis, Indiana.

(b) Leased Premises: Suite 240, designated on the plan attached hereto
as Exhibit B and by this reference incorporated herein, and containing
approximately 15,000 rentable square feet. This Lease shall be deemed and construed
to constitute a lease in gross, and Rental shall not be increased or decreased if
the actual rentable square footage of the Leased Premises is greater or less than
that in the parties’ contemplation as set forth above.

(c) Term: Seven (7) Years; Three (3) Months

(d) Commencement Date: December 1, 2006, or as set by execution of the
Declaration of Commencement of Lease.

(e) Expiration Date: February 28, 2014 or as adjusted by execution of
the Declaration of Commencement of Lease.

(f) Tenant’s Customary Business: general office.

(g) Basic Operating Cost: Actual Operating Cost (as hereinafter
defined) for calendar year 2006, equitably adjusted upward to reflect the amount
that Operating Cost would have been, in Landlord’s reasonable estimate, had
occupancy of the office portion of the Building been 100% throughout such calendar
year. Within ninety (90) days after the end of such calendar year, the parties
shall execute an addendum hereto specifying Basic Operating Cost.

(h) Tenant’s Proportionate Share: The Leased Premises constitute (i)
24.647% of the total rentable square footage of the office portion of the Project
for purposes of assessing Excess Operating Cost (as hereinafter defined) pursuant to
Section 5.03, and (ii) 8.36% of the total rentable square footage of the Project for
purposes of assessing Impositions (as hereinafter defined) pursuant to Section 5.05.

(i) Security Deposit: N/A.

(j) Project: Lockerbie Marketplace consisting of the real estate and
improvements thereon located at 333 North Alabama, 303 North Alabama, 324 East New
York Street, 350 and 310 East New York Street and the parking lot at 401 North New
Jersey Street, Indianapolis, Indiana.

ARTICLE III

TERM

SECTION 3.01. TERM. Subject to and upon the terms and conditions set forth herein,
or in any exhibit or addendum, hereto, this Lease shall continue in force for a term (the “Term”)
beginning on the Commencement Date and ending on the Expiration Date. In the event that the Leased
Premises should not be ready for occupancy by the Commencement Date for any reason, including
holding over by a prior tenant or the failure to complete Landlord’s portion of the work of
preparation of the Leased Premises for occupancy, Landlord shall not be liable or responsible for
any claims, damages or liabilities in connection therewith or by reason, thereof, and the Term of
this Lease shall be for the same number of months as set forth in Article II above but the
commencement shall be effective only from the time that Landlord’s work in preparation of the
Leased premises for occupancy by Tenant has been substantially completed in accordance with the
terms and conditions set forth herein. Should the Term of this Lease commence on a date other than
that specified in Article II, Landlord and Tenant will, at the request of either, execute a
declaration specifying the revised Commencement Date and Expiration Date of the Term of this Lease.
In such event, rental under this Lease shall not commence until said revised Commencement Date,
the Term of this lease shall thereupon commence, and the Expiration Date shall be extended so as to
give effect to the full stated term. If, as a result of the Commencement Date being other than the
first day of a month, this Lease would expire on a day other than the last day of a month, the
length of the Term shall be extended through the last day of that month.

SECTION 3.02. OPTION TO EXTEND. Tenant shall have the option (“Extension Option”) to
extend the Initial Term for one (1) period of five (5) years (“Extension Period”) upon fulfillment
of all the following terms and conditions:

(a) Written notice is given by Tenant to Landlord not later than one hundred
eighty (180) days prior to the expiration of the Initial Term that Tenant elects to
exercise such Extension Option; and

(b) Tenant is not, at the time of exercise of such Extension Option, in default
under any term or condition hereof and there have been no more than two (2) Events
of Default during the Term of the Lease; and

(c) This Lease has not been terminated during the Initial Term; and

(d) The Basic Rent and the Basic Operating Cost for the Extension Period shall
be at the then current market rate for comparable tenants in comparable buildings in
downtown Indianapolis

The Initial Term and the Extension Period, if any, are collectively referred to
herein as the “Term.”

ARTICLE IV

USE AND OCCUPANCY

SECTION 4.01. USE. The Leased Premises shall be used and occupied by Tenant solely
for the purpose of conducting Tenant’s Customary Business, and for no other purpose.

SECTION 4.02. CARE OF LEASED PREMISES. Tenant shall not commit or allow to be
committed any waste or damage on any portion of the Leased Premises. Tenant shall not occupy or
use, or permit to be occupied or used, any portion of the Leased Premises for any business or
purpose that is unlawful, disreputable, or deemed to be extra-hazardous on account of fire or other
casualty, or would increase the cost of fire and extended coverage insurance coverage on the
Building and/or its contents. Except for Tenant’s data room, Tenant shall not place any object in
any part of the Leased Premises that would place a load on the floor of the Leased Premises in
excess of seventy (70) pounds per square foot without prior approval by Landlord or an engineer
designated by Landlord of placement of such object. Landlord shall have the right to have a floor
load analysis made at any time. If such analysis indicates such limitation has been exceeded,
Tenant shall immediately take such action as may be required to eliminate such overloading, and
shall reimburse Landlord for the expense incurred in completing such load analysis and for any
damage caused by such overloading.

SECTION 4.03. LAWS AND REGULATIONS; RULES OF BUILDING. Tenant shall, at its sole
cost, comply with all laws, ordinances, orders, rules and regulations (state, federal, municipal,
or promulgated by other agencies or bodies having jurisdiction over Tenant’s Customary Business and
the Leased Premises), and all insurance requirements, relating to use, condition or occupancy of
the Leased Premises, except that, subject to the provisions of Section 5.03(i), Landlord shall be
responsible for any changes required to comply with such regulations unless the need therefor
arises because of Tenant’s manner of use of the Leased Premises and would not occur in the event of
other general office usage. Tenant shall comply with the rules of the Building adopted by Landlord
from time to time (including those attached hereto as Exhibit C and by this reference
incorporated herein) for safety, care and cleanliness of the Leased Premises and the Building, and
preservation of good order therein, all of which shall be sent by Landlord to Tenant in writing and
shall thereafter be carried out and observed by Tenant. Landlord shall not be held responsible or
liable for any other tenant’s failure to observe any rule of the Building or any other provision of
its lease.

SECTION 4.04. NUISANCE. Tenant shall conduct its business, and control its agents,
contractors, employees, invitees and visitors, in such manner as not to create any nuisance, or
interfere with, annoy or disturb Landlord, in its operation of the Building, or any other tenant.

ARTICLE V

RENT

SECTION 5.01. COMPONENTS OF RENT. Tenant shall pay Landlord as rent for the Leased
Premises an amount comprising the aggregate of the components of rent hereinafter identified and
defined as Basic Rent, and Tenant’s Proportionate Share of Excess Operating Cost and Impositions.
The aggregate of all such components is referred to herein as “Rental.” Rental shall commence to
be due and payable on the Commencement Date. Tenant shall pay Rental in monthly installments
during the Term. Rental for each calendar month during the Term shall be due and payable on the
first (1st) day of such calendar month. Tenant shall pay Rental to Landlord c/o Colliers Turley
Martin Tucker, Managing Agent, 1300 One American Square, Indianapolis, IN 46282, or at such other
location as Landlord may designate from time to time, without demand, and without any deduction,
abatement, counterclaim or setoff. In the event of a partial calendar month at the end of the
Term, Rental, and any other charges or costs payable by Tenant, shall be prorated on the basis of a
thirty (30) day month. Any Rental not paid by the due date shall bear a delinquency service charge
for each calendar month or portion thereof during which such delinquency exists equal to five
percent (5%) of such delinquent payment. All Rental and other charges payable by Tenant pursuant
hereto shall be payable in lawful money of the United States, without relief from valuation and
appraisement laws.

SECTION 5.02. BASIC RENT. Tenant shall pay Landlord basic rent (“Basic Rent”) as per
the following schedule:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Rentable	 	Rate	 	Monthly
	Lease Period	 	Sq. Ft.	 	PRSF	 	Basic Rent
	12/01/06 — 02/28/07

	 	 	15,000	 	 	 	     	 	 	No Basic Rent Due

	 
	 	 	 	 	 	 	 	 	 	 	 	 
	03/01/07 – 02/29/08

	 	 	15,000	 	 	$	15.25	 	 	$	20,245.65	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	03/01/08 – 02/28/09

	 	 	15,000	 	 	$	15.75	 	 	$	20,909.44	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	03/01/09 – 02/28/10

	 	 	15,000	 	 	$	16.25	 	 	$	21,573.23	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	03/01/10 – 02/28/11

	 	 	15,000	 	 	$	16.75	 	 	$	22,237.02	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	03/01/11 – 02/29/12

	 	 	15,000	 	 	$	17.25	 	 	$	22,900.81	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	03/01/12 – 02/28/13

	 	 	15,000	 	 	$	17.75	 	 	$	23,564.60	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	03/01/13 – 02/28/14

	 	 	15,000	 	 	$	18.25	 	 	$	24,228.40	 
	
 
	 	 	 	 	 	 	 	 	 	 	 	 

SECTION 5.03. EXCESS OPERATING COST. Tenant shall pay Landlord each calendar year
Tenant’s Proportionate Share of the amount by which Operating Cost for that calendar year exceeds
Basic Operating Cost (“Excess Operating Cost”). “Operating Cost” shall comprise all costs and
expenses (except specific costs separately billed to, and paid or reimbursed by, specific tenants)
of every kind and nature Landlord shall pay or become obligated to pay because of or in connection
with ownership and operation of the Land (as hereinafter defined) and the office portion of the
Building, as determined on an accrual basis and in accordance with generally accepted accounting
principles consistently applied, including, but not limited to, the following:

(a) Wages, salaries, fringe benefit costs, payroll taxes, unemployment
compensation payments, workers’ compensation insurance premiums and other related
expenses of all on-site and off-site employees engaged in operation, administration,
maintenance and security of the Land and the Building; costs of Building employee
uniforms and cleaning thereof; fair rental value of a management office in the
Building; and management fees payable by Landlord (except brokerage commissions for
leasing) if management of the Land and the Building is contracted to a third party;

(b) All labor, supplies and materials used in operation, cleaning and
maintenance of the Land, the Building, and machinery and equipment therein;

(c) Cost of utilities, including water and power, heating, lighting, air
conditioning and ventilating the entire Building (including all common and service
areas), fuel adjustment charges, sewer use charges and any utility taxes;

(d) Cost of all management, maintenance and service agreements for the Land,
the Building, and machinery and equipment therein, including, without limitation,
heating, ventilating and air conditioning maintenance and service, alarm service,
trash removal, window cleaning and maintenance, and elevator maintenance;

(e) Accounting costs pertaining to management and operation of the Land and the
Building;

(f) Cost of all insurance, including, without limitation, fire, extended
coverage, liability and rental insurance, applicable to the Land, the Building,
machinery and equipment therein, and Landlord’s personal property used in connection
with operation and maintenance thereof;

(g) Cost of repair, replacement and general maintenance of the Land, the
Building, and machinery and equipment therein (except repairs, replacements and
general maintenance paid by proceeds of insurance, or by Tenant or other third
parties, and alterations attributable solely to other tenants);

(h) Snow removal, landscaping and all other common area maintenance costs
related to public areas, including sidewalks and landscaping on the Land; and

(i) Amortization of capital improvements made to the Land, the Building, and
machinery and equipment therein, subsequent to the Commencement Date that may be
required to comply with laws, ordinances, orders, rules or regulations (state,
federal, municipal, or promulgated by other agencies or bodies having jurisdiction
over the Land and the Building), or insurance requirements, relating to use,
condition or occupancy of the Land, the Building or the Leased Premises,
specifically including, but not limited to, the Americans with Disabilities Act of
1990, or that will improve operating efficiency of the Land and the Building
resulting in reduction of Operating Cost.

In determining Operating Cost for any calendar year, if, at any time during such calendar year,
less than 100% of the total rentable square footage of the office portion of the Building was
occupied by tenants, Operating Cost shall be equitably adjusted upward to reflect the amount that
Operating Cost would have been, in Landlord’s reasonable estimate, had occupancy of the office
portion of the Building been 100% throughout such calendar year.

SECTION 5.04. ESTIMATED EXCESS OPERATING COST. When Operating Cost is estimated to
exceed Basic Operating Cost, Estimated Operating Cost for any calendar year shall be Landlord’s
estimate of Operating Cost for such calendar year made prior to commencement of such calendar year.
Tenant shall pay Landlord its Proportionate Share of Excess Operating Cost for each calendar year
on the basis of Estimated Operating Cost for such calendar year in twelve (l2) equal monthly
installments payable on the first (1st) day of each calendar month as part of Rental. Within
ninety (90) days after the end of each calendar year, Landlord shall deliver to Tenant a statement
showing actual Operating Cost for such calendar year, and setting forth a computation of Tenant’s
Proportionate Share of Excess Operating Cost for such calendar year. However, Landlord’s failure to
provide such Operating Cost statement by the date provided herein shall in no way excuse Tenant
from its obligation to pay its prorata share of Operating Costs or constitute a waiver of
Landlord’s right to bill and collect such prorata share Operating Costs from Tenant in accordance
with this Section 5.04. If Estimated Operating Cost for such calendar year (or, if none, Basic
Operating Cost) was less than actual Operating Cost for such calendar year, Tenant shall make
payment to Landlord of Tenant’s Proportionate Share of such difference within fifteen (l5) days
after receipt of such statement. If Estimated Operating Cost for such calendar year was more than
actual Operating Cost for such calendar year, Landlord shall reimburse Tenant for Tenant’s
Proportionate Share of such excess within fifteen (15) days after delivery of such statement.
Basic Operating Cost, Operating Cost, Estimated Operating Cost and Excess Operating Cost for any
partial calendar year at the end of the Term shall be adjusted proportionately.

SECTION 5.05. IMPOSITIONS. Tenant shall pay Landlord each calendar year Tenant’s
Proportionate Share of all taxes, service payments in lieu of taxes, assessments, excises, levies,
fees and charges, general and special, ordinary and extraordinary, unforeseen as well as foreseen,
of any kind, that are assessed, levied, charged, confirmed or imposed by any public authority upon
the Project, the machinery and equipment therein, Landlord’s personal property used in connection
with operation and maintenance thereof, Landlord’s operations or Landlord’s rental receipts, and
payable during the Term (collectively, “Impositions”), except any income taxes upon Landlord’s
rental receipts. In determining Impositions for any calendar year, any tenant-specific property
tax exemptions shall be disregarded. Tenant shall be responsible for ad valorem
taxes on its own personal property in, on or about the Building, and on the value of any leasehold
improvements to the Leased Premises made by it. Tenant shall pay Tenant’s Proportionate Share of
Impositions in advance monthly during each calendar year. The amount payable during each calendar
year prior to the time the actual amount of Impositions payable during such calendar year is
determined shall be based upon Landlord’s estimate of the amount of such Impositions, to be
adjusted in the month next following the date the exact amount of such Impositions is determined.
Impositions payable during any partial calendar year at the beginning or end of the Term shall be
adjusted proportionately.

SECTION 5.06. SURVIVAL. The parties’ obligations under this Article shall survive
expiration or termination hereof.

ARTICLE VI

BUILDING OPERATION AND SERVICES

SECTION 6.01. SERVICES. Subject to the provisions of this Section 6.01, Section 9.05
and Section 15.09, Landlord shall furnish the Leased Premises the following services:

(a) Water at those points of supply provided for general use of tenants and
such other points to which Tenant may have extended the water service lines;

(b) Janitorial service on each business day, comprising standard evening
cleaning only, commensurate with that furnished in comparable office buildings in
downtown Indianapolis, Indiana;

(c) Central heat and air conditioning from 8:00 A.M. to 7:00 P.M. Monday
through Friday, and from 8:00 A.M. to l:00 P.M. Saturday, except generally
recognized holidays;

(d) Electrical power sufficient for operation of Building standard lighting,
customary general office copying, data processing, telecopying and word processing
equipment and machinery, and other equipment and machinery of similar low electrical
consumption, but excluding special lighting in excess of Building standard, or any
item of equipment or machinery that (singly) consumes more than 0.5 kilowatts per
hour at rated capacity or requires a voltage other than one hundred twenty (120)
volts single phase; provided that, if any of Tenant’s equipment or
machinery, or any special electrical equipment or machinery installed by Landlord to
service Tenant’s equipment or machinery, requires additional electrical service, air
conditioning or ventilating capacity above that provided by the Building’s standard
systems, then the additional electrical, air conditioning and/or ventilating
equipment or machinery shall be provided by Tenant, and the installation and
operating cost of such additional equipment or machinery shall be Tenant’s
obligation;

(e) Lamps, bulbs, starters and ballasts for Building standard lighting fixtures
used on the Leased Premises; and

(f) Building security service; provided that Landlord shall not be
liable to Tenant, or its agents, contractors, employees, invitees or visitors, for
loss due to theft or burglary, or damage done by persons in the Building or on the
Land.

Landlord may employ an independent power consumption survey expert to render an opinion as to the
quantity of electricity consumed by Tenant. If such survey indicates Tenant’s consumption is in
excess of one (1) kilowatt-hour per month per usable square foot in the Leased Premises, Tenant
shall pay the cost of such survey together with the cost to Landlord of such excess electrical
consumption. Heating and air conditioning service shall be available to Tenant at an additional
charge at times other than the hours during which such service is to be provided pursuant to
Section 6.0l(c). Tenant shall give Landlord eight (8) hours’ advance notice of need for additional
service. Landlord shall provide upon request a list of such charges from time to time. Should
any equipment or machinery utilized in supplying the services listed herein cease to function
properly, Landlord shall use reasonable efforts to repair same promptly, but Tenant shall have no
right to terminate this Lease, and no claim for rebate of Rental or damages, on account of any
interruption in service occasioned thereby or resulting therefrom. Notwithstanding any other
provision hereof, if any law, ordinance or other governmental regulation now or hereafter in effect
imposes a limit or allocation to the Building on any utility or other service, whether or not the
same is to be supplied to the Building or the Leased Premises by Landlord pursuant to this Section
6.0l, then Tenant shall not use or cause to be consumed on the Leased Premises, nor shall Landlord
be required to provide to the Leased Premises, such utility or other service in an amount or manner
that would result in violation by either party of such law, ordinance or regulation.

SECTION 6.02. LANDLORD’S REPAIRS. Landlord shall keep the Common Area (as
hereinafter defined), foundations, exterior Building walls (including door frames, window frames,
doors and windows), exteriors of Building interior demising walls (including door frames and window
frames, but excluding doors, windows and other glass), roof, drains, gutters, all structural parts
of the Building, and all air conditioning, electrical, heating, mechanical and plumbing systems in
the Building, in good repair and, if necessary or required by proper governmental authority, but
subject to the provisions of Section 5.03(i), make modifications or replacements thereof, except
that, subject to the provisions of Section 9.03, Landlord shall not be required to pay for any such
repairs or replacements that become necessary by reason of Tenant’s, or its agent’s, contractor’s,
employee’s, invitee’s or visitor’s, act or omission, unless covered by insurance against such
hazards however caused.

SECTION 6.03. TENANT’S REPAIRS. All repairs, replacements or maintenance to the
Leased Premises that are not Landlord’s express obligation shall be made by Tenant, and the same
shall at all times be kept by Tenant in good order, condition and repair, and in clean, sanitary
and safe condition in accordance with all applicable laws, ordinances and regulations of any
governmental authority having jurisdiction thereover. In addition, subject to the provisions of
Section 9.03, Tenant shall repair or replace any damage or injury done to the Building, or any part
thereof, outside the Leased Premises caused by Tenant’s, or its agent’s, contractor’s, employee’s,
invitee’s or visitor’s, act or omission, unless covered by insurance against such hazards however
caused. All repairs or replacements shall be undertaken by Tenant or contractors approved in
advance by Landlord. If Tenant fails to make such repairs or replacements promptly after notice,
Landlord may, at its option, make such repairs or replacements, and Tenant shall repay the costs
thereof, together with fifteen percent (15%) additional overhead charge, to Landlord upon demand.
Tenant shall also be responsible for all carpet and drapery cleaning, and other janitorial
services, not included within the standard cleaning set forth in Section 6.01(b), but Tenant shall
obtain Landlord’s prior approval of contractors engaged to perform such services.

SECTION 6.04. ADDITIONS, ALTERATIONS AND IMPROVEMENTS. Tenant shall not make nor
allow to be made any alterations or physical additions in or to the Leased Premises, without first
obtaining Landlord’s prior consent. All additions, alterations and improvements shall be made
under contracts providing for partial lien waivers from all persons otherwise entitled to a lien in
exchange for each progress payment. All contractors, mechanics or laborers used by Tenant in
performance of any such work shall be subject to Landlord’s prior approval. All such additions,
alterations or improvements when made to the Leased Premises by Tenant shall at once become
Landlord’s property, and shall be surrendered to Landlord upon expiration or termination hereof by
lapse of time or otherwise unless Landlord, by notice to Tenant no later than twenty (20) days
after the date fixed as the expiration or termination hereof, elects to have them removed
immediately at Tenant’s expense. Tenant shall repair any damage to the Building caused by
installation or removal of any such additions, alterations or improvements, or any movable
equipment or furniture of Tenant.

SECTION 6.05. LIENS. Tenant shall keep the Leased Premises free from any liens,
including, but not limited to, mechanics’ liens, arising out of goods or services furnished to
Tenant, or any person claiming by, through or under Tenant. If any such lien attaches to the
Leased Premises, Landlord may, after thirty (30) days’ notice to Tenant, pay the amount of such
lien to cause its release and such payment shall be deemed an advance under Section 11.03.

SECTION 6.06. USE OF COMMON AREA. The “Common Area” shall comprise all public
spaces within the Building, including lobbies, hallways, stairways, elevators and escalators.
Landlord hereby grants to Tenant, and its agents, contractors, employees, invitees and visitors,
the nonexclusive right to use the Common Area as from time to time constituted, in common with
Landlord and all other tenants, and its and their respective agents, contractors, employees,
invitees and visitors. No portion of the Common Area shall be used by Tenant for any purpose
whatsoever other than, or that would interfere with, pedestrian traffic.

ARTICLE VII

SECURITY

SECTION 7.01. SECURITY DEPOSIT. Intentionally omitted

ARTICLE VIII

ASSIGNMENT AND SUBLETTING

Tenant shall not assign or encumber this Lease or any interest herein, or sublet the Leased
Premises or any part thereof, or permit use of the Leased Premises or any part thereof by any
person other than Tenant, without Landlord’s prior. If this Lease is assigned, or the Leased
Premises or any part thereof are sublet or occupied by any person other than Tenant, Landlord may
collect rent from such assignee, subtenant or occupant, and apply the net amount collected to
Rental, but no such assignment, subletting, occupancy or collection shall be deemed a waiver of the
requirement for consent, or acceptance of such assignee, subtenant or occupant as tenant, or a
release of Tenant from further performance by Tenant of the terms, covenants, conditions and
provisions hereof. Notwithstanding any assignment, sublease or occupancy by others, Tenant shall
remain fully liable hereunder, and shall not be released from performing any term, covenant,
condition or provision hereof. If this Lease is assigned, or the Leased Premises are sublet or
occupied by someone other than Tenant, and such assignee, subtenant or occupant is required by
Tenant to pay an amount in excess of the amount required to be paid hereunder by Tenant to
Landlord, then such excess amount shall be Landlord’s property and Rental shall be deemed to be
raised to an amount that equals the amount agreed to be paid by such assignee, subtenant or
occupant.

ARTICLE IX

NONLIABILITY, INDEMNIFICATION AND INSURANCE

SECTION 9.01. EXCULPATION OF LANDLORD; WAIVER OF CLAIMS BY TENANT. Landlord, and
its agents, contractors, employees, invitees and visitors, shall have no liability to Tenant, or
its agents, contractors, employees, invitees or visitors, for any damage to Tenant’s, or its
agents’, contractors’, employees’, invitees’ or visitors’, person or property, including any
consequential damages arising therefrom, irrespective of the cause of such damage, and whether or
not caused or alleged to be caused, in part or whole, by joint or several negligence, breach of
contract, breach of warranty or other breach of duty on Landlord’s, or its agent’s, contractor’s,
employee’s, invitee’s or visitor’s, part. No such occurrence shall be deemed to be an actual or
constructive eviction from the Leased Premises, or result in abatement of Rental except as provided
in Article IX. Tenant shall carry such insurance as it deems adequate to fully protect it against
loss or damage to its property by any casualty coverable by fire and extended coverage insurance,
and all such insurance shall contain or be endorsed with a clause permitting waiver of rights of
recovery prior to loss and waiving all rights of subrogation so long as such a clause is available.
Tenant hereby waives all claims for recovery from and releases Landlord, and its agents,
contractors, employees, invitees and visitors, and hereby waives all claims of recovery from and
releases all other tenants, and their respective agents, contractors, employees, invitees and
visitors, for any loss or damage to Tenant’s property, to the extent such loss or damage is or
could have been insured by valid and collectible fire and extended coverage insurance policies in
standard form containing a waiver of subrogation provision or endorsement, it being the parties’
intent to assign the entire risk of loss arising out of damage to Tenant’s property to Tenant or
its insurance carrier. Landlord shall use reasonable efforts to require other tenants to make
similar waivers in their respective leases.

SECTION 9.02. PUBLIC LIABILITY INSURANCE FOR LEASED PREMISES. Tenant shall procure
and maintain during the Term a policy or policies of insurance written by a responsible insurance
company or companies (which may be written to include the Leased Premises in conjunction with other
premises owned or operated by Tenant) insuring Landlord, Tenant and any mortgagee(s) of Landlord
against all losses, claims, demands or actions for injury to or death of one or more persons in any
one occurrence to the limit of not less than Two Million Dollars ($2,000,000), and for damage to
property to the limit of not less than One Million Dollars ($1,000,000.00), arising from Tenant’s
conduct and operation of its business in the Leased Premises, and providing that such policy or
policies can be amended or canceled only upon at least thirty (30) days’ prior notice to Landlord,
with contractual liability endorsements, and shall furnish Landlord certificates evidencing the
existence thereof.

SECTION 9.03. WAIVER OF CLAIMS BY LANDLORD. Landlord shall procure and keep in
effect during the Term fire and extended coverage insurance on the Building in such amounts as
Landlord deems necessary effectively to protect itself against loss to its property arising out of
casualty covered by such insurance. All fire and extended coverage insurance carried by Landlord
with respect to the Building or its property located therein shall contain or be endorsed with a
clause permitting waiver of rights of recovery prior to loss and waiving all rights of subrogation
so long as such a clause is available. Landlord hereby waives all claims for recovery from and
releases Tenant, and its agents, contractors, employees, invitees and visitors, for any loss or
damage to the Building or Landlord’s property located therein, to the extent such loss or damage is
or could have been insured by valid and collectible fire and extended coverage insurance policies
in standard form containing a waiver of subrogation provision or endorsement, it being the parties’
intent to assign the risk of loss arising out of damage to the Building or Landlord’s property
located therein to Landlord or its insurance carrier to the maximum extent possible. However,
Tenant shall remain liable to Landlord for the cost of repairing any damage to the Leased Premises,
the Building or Landlord’s property located therein caused or contributed to by Tenant’s, or its
agent’s, contractor’s, employee’s, invitee’s or visitor’s, act or omission, to the extent such
damage is not insured or insurable by Landlord under standard fire and extended coverage insurance
policies, or Tenant’s, or its agent’s, contractor’s, employee’s, invitee’s or visitor’s, liability
for such damage is not waived or waivable under such a waiver of subrogation provision or
endorsement. Any expense to Landlord in obtaining such a waiver of subrogation provision or
endorsement, together with the underlying premiums for such insurance, shall be deemed to be
included in Operating Cost.

SECTION 9.04. PUBLIC LIABILITY INSURANCE FOR BUILDING. Landlord shall procure and
maintain during the Term a policy or policies of insurance written by a responsible insurance
company or companies (which may be written to include the Building in conjunction with other
property owned or operated by Landlord or its affiliates) insuring Landlord against all losses,
claims, demands or actions for injury to or death of one or more persons in any one occurrence to
the limit of not less than One Million Dollars ($1,000,000.00), and for damage to property to the
limit of not less than Five Hundred Thousand Dollars ($500,000.00), which insurance shall cover
accidents or occurrences in the Building.

SECTION 9.05. LANDLORD’S NONLIABILITY. Landlord shall not be liable to Tenant, or
its agents, contractors, employees, invitees or visitors, for any injury or damage to person or
property sustained by reason of the condition of the Leased Premises, the Land or the Building, or
any part thereof, or arising from bursting or leaking of any water, gas, sewer or steam pipe, or
due to any act or omission of any other tenant or other person in or on the Land or the Building,
or due to any casualty or accident in, on or about the Land or the Building.

SECTION 9.06. INDEMNITY. Tenant shall indemnify Landlord and hold Landlord harmless
from and against all loss, cost, liability or expense arising out of or related to claims of injury
to or death of persons, or damage to property, occurring or resulting directly or indirectly from
use or occupancy of the Leased Premises, or any activities of Tenant, or its agents, contractors,
employees, invitees or visitors, in, on or about the Leased Premises, the Land or the Building,
such indemnity to include, without limitation, the obligation to provide all costs of defense
against any such claims; provided, however, that the foregoing indemnity shall not
apply to any claims arising by reason of Landlord’s, or its agent’s or employee’s, gross negligence
or willful misconduct.

ARTICLE X

DESTRUCTION AND DAMAGE

SECTION 10.01. DAMAGE BY CASUALTY. In the event of fire or other casualty in the
Leased Premises, Tenant shall give prompt notice thereof to Landlord. If the Leased Premises,
through no fault of Tenant, or its agents, contractors, employees, invitees or visitors, are
damaged or destroyed by fire or other casualty so as to render the Leased Premises partially or
wholly untenantable, Rental shall be abated in part or whole on the basis of usable square footage
occupiable thereafter until such time as the Leased Premises are made fully fit for use by Tenant.

SECTION 10.02. RESTORATION. If the Leased Premises are damaged or destroyed by fire
or other casualty, Landlord shall, to the extent of available insurance proceeds not applied by
Landlord’s lender(s) to any indebtedness secured by a mortgage on the Building, repair the damaged
portions of the Leased Premises to tenantable condition for use by Tenant as soon as reasonably
possible Landlord shall have no duty to repair, restore or replace Tenant’s fixtures or
improvements, including, without limitation, wall and floor coverings, special lighting fixtures,
built-in cabinets and bookshelves, and any other improvements originally installed by or for
Tenant. If the Leased Premises or the Building are damaged or destroyed to the extent Landlord
decides not to rebuild the Building in the same manner as originally constructed, this Lease shall
terminate as of the date of such damage or destruction, with all Rental paid or refunded so as to
adjust to such date. If damage to or destruction of the Building as the result of any casualty is
such that the Leased Premises cannot be used by Tenant for Tenant’s Customary Business for a period
of one (1) year or more, either party may cancel and terminate this Lease with all Rental paid or
refunded so as to adjust to the date of such damage or destruction; provided,
however, that Tenant shall not have the right to cancel and terminate this Lease if any act
or omission of Tenant, or its agents, contractors, employees, invitees or visitors, contributed to
the cause of such casualty.

ARTICLE XI

DEFAULTS AND REMEDIES

SECTION 11.01. EVENTS OF DEFAULT. The happening of any of the following shall be
deemed an “Event of Default”:

(a) Tenant’s making an assignment for the benefit of creditors;

(b) Levying of a writ of execution or attachment on or against the Leased
Premises or Tenant’s interest therein as Tenant’s property, which writ is not
released or discharged within thirty (30) days thereafter;

(c) Institution of proceedings in a court of competent jurisdiction for
Tenant’s reorganization, liquidation or involuntary dissolution, or Tenant’s
adjudication as a bankrupt or insolvent, or appointment of a receiver of Tenant’s
property, which proceedings are not dismissed, and any receiver, trustee or
liquidator appointed therein discharged, within thirty (30) days after institution
of such proceedings;

(d) Voluntary filing of any proceeding for Tenant’s liquidation, dissolution or
adjudication as a bankrupt;

(e) Tenant’s failure to perform any covenant under Section 6.05 or Section
11.03;

(f) Tenant’s making any assignment hereof, or subletting of the Leased Premises
or any portion thereof, without Landlord’s prior consent;

(g) Tenant’s failure to pay any installment of Rental within ten (10) days
after receiving written notice of the nonpayment; provided, however, Landlord shall
not be required to give such written notice more than two (2) times during any
twelve month period; or

(h) Tenant’s failure to perform any other term, covenant, condition or
provision hereof within ten (l0) days after notice or demand therefor is served upon
Tenant by Landlord, unless Tenant commences action reasonably designed to eliminate
such failure of performance within such ten (l0) day period, and thereafter
diligently, expeditiously and continuously pursues such action to a successful
conclusion; provided that in all events such curative action is successfully
concluded within sixty (60) days after the initial notice or demand from Landlord,
or if such curative action cannot reasonably be accomplished within such time, a
reasonable time under the circumstances provided Tenant continues diligently to
pursue such cure.

SECTION 11.02. REMEDIES. Upon occurrence of an Event of Default, Landlord may:

(a) Terminate Tenant’s rights hereunder without terminating Tenant’s
obligations hereunder;

(b) Re-enter the Leased Premises with or without process of law, using such
means as may be necessary to remove all persons and property therefrom;

(c) Exercise any other right or remedy available to Landlord at law or
in equity in addition or as an alternative to Landlord’s other rights and remedies
specified herein.

If Landlord relets the Leased Premises or some portion thereof during the balance of the Term, the
proceeds of such reletting, after deduction of all costs in connection with repossession and
reletting of the Leased Premises (including, without limitation, all attorneys’ fees, leasing
commissions, remodeling costs and similar expenses), shall be applied to satisfaction of Tenant’s
obligations hereunder. Landlord shall have the right at any time to file suit to recover any sums
that have fallen due hereunder from time to time on one or more occasions without being obligated
to wait until expiration of the Term, including, but not limited to, past due Rental, interest,
delinquency service charges, advances and attorneys’ fees. Landlord shall also be entitled
immediately to recover as damages from Tenant a sum of money equal to the total of the cost of
recovering possession of the Leased Premises, the unpaid Rental owed at the time of such
termination or repossession, the balance of Rental for the remainder of the Term less the fair
market rental value of the Leased Premises for such period, and any other sum of money or damages
owed by Tenant to Landlord.

SECTION 11.03. ADVANCES. If Tenant breaches any obligation hereunder, Landlord shall
also have the right to cure such breach for Tenant’s account and at Tenant’s expense. Any money
spent, or costs or expenses incurred, in curing such a breach for Tenant’s account, together with
fifteen percent (l5%) additional overhead charge, shall be reimbursed to Landlord within ten (l0)
days of rendition of a bill or statement to Tenant for such costs, and Landlord shall have the same
remedies for nonpayment thereof as for nonpayment of Rental. Any advance not paid when due shall
bear interest from the date due until the date paid at four percent (4%) per annum over the prime
rate announced by a major Indianapolis financial institution, from time to time.

SECTION 11.04. FEES AND COSTS. In the event Tenant defaults in performance of any
term, covenant, condition or provision hereof, or any part thereof, or of collection of any Rental
due or to become due hereunder, or of recovery of possession of the Leased Premises, Tenant shall
pay Landlord all attorneys’ fees, other professional fees and costs incurred by Landlord in
connection therewith. Any judgment rendered in favor of Landlord against Tenant in any legal
action, whether commenced by Landlord or Tenant, shall include additionally a judgment for
attorneys’ fees that Tenant shall pay. If Landlord is made a party to any action brought by any
third party arising out of Tenant’s use or occupancy of the Leased Premises, Tenant shall indemnify
and hold Landlord harmless from any costs or fees in defending such action, and from any judgment
rendered against Landlord therein.

ARTICLE XII

EMINENT DOMAIN

SECTION 12.01. EFFECTS OF TAKING. If any part of the Leased Premises, the Land or
the Building is taken under exercise of power of eminent domain, Landlord may terminate this Lease
or continue the same in effect. If Landlord elects to continue this Lease in effect, Rental shall
be reduced in proportion to the usable square footage of the Leased Premises so taken and Landlord
shall be responsible for performance of all work necessary to make the Leased Premises usable by
Tenant in addition to all work necessary in other portions of the Building as a result of such
taking. In the case of taking of a material portion of the Leased Premises, Tenant shall also have
the right to terminate this Lease. In the event of termination hereof by either party, notice of
such termination shall be given to the other party within thirty (30) days after possession of the
portion of the Leased Premises is taken by the condemning authority. Such termination shall be
effective as of the date when such possession is taken as it relates to any portion of the Leased
Premises taken and as of the date when exclusive possession of the Leased Premises is surrendered
to Landlord as it relates to the balance of the Leased Premises. If any part of the Leased
Premises is taken temporarily under exercise of power of eminent domain, Rental shall be abated on
the basis of usable square footage temporarily taken until such taking ceases, but Tenant shall not
have the right to terminate this Lease.

SECTION 12.02. AWARDS. All sums awarded or agreed upon between Landlord and the
condemning authority for taking of either party’s interest, whether as damages or as compensation,
shall be Landlord’s property, free of any claim of Tenant. Notwithstanding the foregoing, Landlord
shall not be entitled to any award or compensation paid to Tenant for its moving expenses or for
its personal property that may be taken in any such proceeding.

SECTION 12.03. DEFINITION. The term “taking” as used herein shall include any
conveyance or transfer in lieu of condemnation, as well as any legal action in condemnation taken
under power of eminent domain.

ARTICLE XIII

SUBORDINATION TO MORTGAGES

SECTION 13.01. AUTOMATIC SUBORDINATION. This Lease and Tenant’s rights hereunder
shall be subject and subordinate to the lien of any mortgage now or hereafter in force with respect
to the Building and/or the Land, all extensions, modifications, consolidations, renewals,
amendments or substitutions thereof, and all advances heretofore or hereafter made upon security
thereof. The provisions of this Section 13.01 shall be self-operative and no further instrument of
subordination shall be required. If requested by the holder of any such mortgage, Tenant shall
promptly execute and deliver to such holder an instrument in form and substance satisfactory to
such holder specifically subordinating this Lease to the lien of such mortgage as set forth above.

SECTION 13.02. WAIVER OF SUBORDINATION. Notwithstanding the terms of Section 13.01,
the holder of any such mortgage shall have the right at any time to declare this Lease to be
superior in priority to the lien of such mortgage notwithstanding the respective dates of execution
or recordation of such documents.

SECTION 13.03. ATTORNMENT. If, by reason of any default on Landlord’s or any
successor thereto’s part as mortgagor under any such mortgage to which this Lease is subordinate,
such mortgage is foreclosed by legal proceedings, or extinguished by conveyance in lieu of
foreclosure or otherwise, then, at the sole option and upon demand of such person, Tenant shall
attorn to and recognize such holder, and its successors and assigns, including any purchaser in
foreclosure or grantee of a deed in lieu thereof, as landlord hereunder and, if necessary,
reinstate this Lease after foreclosure. Tenant shall execute and deliver at any time, upon request
of Landlord or any holder of a mortgage to which this Lease is subordinate, an instrument
evidencing such attornment and containing Tenant’s agreement that no action taken to enforce any
such mortgage by reason of any default thereunder shall terminate this Lease, or invalidate or
constitute a breach of any term hereof, provided that Tenant’s possession of the Leased
Premises is not disturbed if there is no existing Event of Default. Nothing contained in this
Section 13.03 shall be construed to impair or waive any right, privilege or option of any mortgage
holder, or its successors and assigns.

SECTION 13.04. AFTER ATTORNMENT. (a) If Landlord’s interest becomes vested in the
holder of any mortgage, or anyone claiming by, through or under such holder, then such holder or
its successor shall not be:

(i) liable for any act or omission of any prior landlord
(including Landlord);

(ii) subject to any setoff or defense Tenant may have against
any prior landlord (including Landlord); or

(iii) bound by any Rental Tenant may have paid for more than
the current month to any prior landlord (including Landlord).

(b) No alteration or modification of any provision hereof, or cancellation or surrender
hereof, shall be valid or binding as against any holder of any mortgage, unless the same has been
approved in writing by such holder.

SECTION 13.05. NO TERMINATION. Notwithstanding anything contained herein to the
contrary, and specifically Section 18.17, in the event of any default by Landlord in performing its
covenants or obligations that would give Tenant the right to terminate this Lease, Tenant shall not
exercise such right unless and until (i) Tenant gives notice of such default (which notice shall
specify the exact nature of such default and how the same may be cured) to Mortgagee (as
hereinafter defined) and any other holder of a mortgage that has notified Tenant of its interest
and the address to which notices are to be sent, and (ii) Mortgagee or such other holder fails to
cure or cause to be cured such default within thirty (30) days or, if such default cannot
reasonably be cured within such time, a reasonable time under the circumstances from the giving of
such notice by Tenant, provided Mortgagee or such other holder continues diligently to
pursue such cure.

ARTICLE XIV

TENANT’S CERTIFICATES

From time to time, upon request by any such person, Tenant shall execute and deliver to
Landlord, any mortgagee or prospective mortgagee of Landlord’s interest in the Land and/or the
Building, or any purchaser or prospective purchaser of Landlord’s interest in the Land and/or the
Building, a statement in form and content supplied by, and reasonably acceptable to, such person
certifying (i) that this Lease is unmodified, and in full force and effect (or, if there have been
any modifications, identifying the modifications, and certifying that this Lease, as modified, is
in full force and effect); (ii) the dates to which Rental and any other charges have been paid;
(iii) the Commencement Date and the Expiration Date; (iv) that Landlord is not in default in
performance of any of its obligations under the terms hereof or, if any such default is claimed,
the exact nature thereof in detail; and (v) such other matters as such person may reasonably
request. Any such certificate shall be executed and delivered by Tenant within ten (l0) days after
request therefore is made.

ARTICLE XV

RESERVED RIGHTS

SECTION 15.0l. RIGHT OF INSPECTION. With reasonable notice, Landlord reserves the
right at any reasonable time, and from time to time, to enter the Leased Premises by its agents,
contractors and employees for the purpose of examining the condition thereof.

SECTION 15.02. REPAIRS. Landlord reserves the right to enter the Leased Premises as
may be necessary from time to time for the purpose of making repairs or alterations thereto or to
the Building required for safety, protection and preservation of the Leased Premises and the
Building. Reservation of such right of entry shall not enlarge in any way Landlord’s obligations
for maintenance and repair of the Building or the Leased Premises as otherwise provided in Article
VI.

SECTION 15.03. RIGHTS WITH RESPECT TO BUILDING. Landlord reserves the right to
perform any work in, on or about the Land or the Building, or any adjacent or nearby land, street
or other facility not included within the Leased Premises. Landlord reserves the right to erect
scaffolding, ladders and other materials in, on or about the Land or the Building. Landlord
reserves the right to change the number, size, height, location or arrangement of the Common Area,
from time to time, as Landlord may deem proper. Landlord reserves the right to close the Building
during times of emergency, and require that all persons entering or leaving the Building during
such hours as Landlord may from time to time specify identify themselves to persons designated by
Landlord by registration or otherwise, and establish their right to enter or leave the Building.
Landlord reserves the right to exclude or expel any peddler, solicitor or unruly person, or any
person causing any disturbance, at any time from the Leased Premises, the Land or the Building.

SECTION 15.04. EXHIBITION OF PREMISES. Landlord reserves the right to enter the
Leased Premises during Tenant’s normal business hours and with advance notice to Tenant for the
purpose of exhibiting the Leased Premises to existing and prospective mortgagees, prospective
purchasers and, during the last ninety (90) days of the Term, prospective tenants.

SECTION 15.05. EXTENSION OF BUILDING SERVICES. Landlord reserves the right to use,
maintain and replace pipes, conduit, wires and ductwork in and through the Leased Premises, and to
erect new pipes, conduit, wires and ductwork therein, required for service to other portions of
the Building, and to enter upon the Leased Premises as may be required for exercise of such rights;
provided, however, such pipes, conduit, wires and ductwork shall not materially
reduce the size or usefulness of the Leased Premises.

SECTION 15.06. BUILDING IDENTIFICATION. Landlord reserves the right to change the
name and/or street address of the Building on reasonable notice to Tenant. Landlord reserves the
right to install, remove, replace and maintain signs on the exterior of the Building.

SECTION 15.07. WINDOW COVERINGS AND LIGHTING. Landlord reserves the right to
designate and/or approve, prior to installation, all types of window coverings of the Leased
Premises, the Common Area and the Building, and to control all internal lighting visible outside
the Leased Premises.

SECTION 15.08. PASS KEYS. Landlord reserves the right to have pass keys to the
Leased Premises and all portions thereof.

SECTION 15.09. SUSPENSION OF SERVICES. Landlord reserves the right to suspend
service of the heating, elevator, plumbing, electrical, air conditioning or other mechanical
systems when necessary by reason of governmental regulations, civil commotion, riot, accident or
emergency, or for repairs, alterations or improvements in Landlord’s judgment desirable or
necessary, or for any other reason beyond Landlord’s reasonable power or control (including,
without limitation, unavailability of fuel or energy, or compliance by Landlord with any applicable
laws, rules or regulations relating thereto), without liability in damages therefor. Landlord
shall not in any way be liable or responsible to Tenant for any loss, damage or expense Tenant may
sustain or incur if, during the Term and for reasons beyond Landlord’s reasonable control, either
the quality or character of electric current is changed, or is no longer available or suitable for
Tenant’s requirements.

SECTION 15.10. EFFECT OF EXERCISE OF RESERVED RIGHTS. Exercise of any right reserved
to Landlord under the terms hereof shall not constitute an actual or constructive eviction of
Tenant in part or whole, or a trespass by Landlord, or its agents, contractors or employees, or
entitle Tenant to any abatement, diminution or reduction of Rental by reason thereof, or relieve
Tenant from any of its obligations hereunder, or impose any liability upon Landlord, or its agents,
contractors or employees, by reason of annoyance or inconvenience to Tenant, injury to or
interruption of Tenant’s business, or otherwise.

ARTICLE XVI

RIGHTS ON TERMINATION

SECTION 16.0l. SURRENDER OF POSSESSION. At expiration or termination hereof, by
lapse of time or otherwise, Tenant shall deliver the Leased Premises to Landlord in as good
condition as they were at the date of possession by Tenant, ordinary wear and tear, and damage
resulting from casualty or condemnation that Tenant is not obligated to repair, excepted. Upon
such expiration or termination, Landlord shall have the right to re-enter and resume possession of
the Leased Premises without notice.

SECTION 16.02. HOLDING OVER. If Tenant remains in possession of the Leased Premises
after expiration or termination hereof, it shall be deemed to be occupying the Leased Premises as a
tenant at sufferance subject to all terms, covenants, conditions and provisions hereof, and at a
daily Rental of one hundred fifty percent (l50%) of the per diem Rental for the
thirty (30) day period immediately prior to such expiration or termination, computed on the basis
of a thirty (30) day month. Landlord, upon notice to Tenant, shall have the right to deem Tenant’s
continuing occupancy to constitute creation of a month-to-month tenancy at the monthly Rental
provided in the preceding sentence for the immediately prior period, which month-to-month tenancy
shall continue until either party gives the other party thirty (30) days’ notice of termination of
such month-to-month tenancy.

ARTICLE XVII

NOTICES

SECTION 17.0l. NOTICES. All notices, demands, requests, consents and approvals that
may or are required to be given by either party to the other party hereunder shall be in writing
and shall be deemed to have been duly given when deposited with the United States Postal Service or
its successor, certified or registered mail, return receipt requested, postage prepaid, addressed
as follows:

	 	 	 	 	 
	If to Landlord:
	 	DH Realty, LLC

	 
	 	c/o Colliers Turley Martin Tucker, Managing Agent
	 
	 	1300 One American Square
	 
	 	Indianapolis, IN 46282

	 
	 	and

	 
	 	DH Realty, LLC

	 
	 	1990 Market Tower
	 
	 	10 West Market Street
	 
	 	Indianapolis, IN  46204-2960

	 
	 	Attn:  Mark R. Willis

	with a copy to:
	 	Harry F. Todd, Esq.

	 
	 	Bose McKinney & Evans LLP

	 
	 	2700 First Indiana Plaza
	 
	 	135 N. Pennsylvania Street
	 
	 	Indianapolis, IN  46204

	If to Tenant:
	 	CTI Group (Holdings), Inc.

	 
	 	Suite 200

	 
	 	333 North Alabama Street
	 
	 	Indianapolis, IN 46204

	with a copy to:
	 	David G. Blachly, Esq.

	 
	 	Sommer Barnard PC

	 
	 	8888 Keystone Crossing, Suite 1400
	 
	 	Indianapolis, IN  46240

Either party may from time to time designate in notice given to the other party in the manner
provided herein another address for notices.

SECTION 17.02. EFFECTIVE DATE OF NOTICE. Any notice given as aforesaid shall be
deemed to have been given on the day following the date upon which it is deposited with the United
States Postal Service or its successor, addressed as required herein.

SECTION 17.03. NOTICES TO MORTGAGEES. If Tenant is provided the name and address for
notices of any Mortgagee of the Leased Premises, together with a request that copies of notices
served on Landlord be served on such Mortgagee, Tenant shall send such Mortgagee a copy of any
notice of default or demand for performance served upon Landlord, and shall permit such Mortgagee
to cure such default or otherwise perform Landlord’s obligations within the time provided in
Section 13.05 for such Mortgagee so to do.

ARTICLE XVIII

MISCELLANEOUS AGREEMENTS

SECTION 18.01. WAIVER. Landlord’s failure to seek redress for violation of, or to
insist upon strict and timely performance of, any term, covenant, condition or provision hereof,
or any rule of the Building set forth herein or hereafter adopted by Landlord, shall not constitute
a waiver of any such violation, or prevent a subsequent act that would originally have constituted
a violation from having all the force and effect of an original violation. Receipt by Landlord of
Rental with knowledge of breach of any term, covenant, condition or provision hereof shall not be
deemed a waiver of such breach, and no term, covenant, condition or provision hereof shall be
deemed to have been waived by Landlord unless such waiver is in writing signed by Landlord. No
payment by Tenant or receipt by Landlord of a lesser amount than full Rental due shall be deemed to
be other than on account of the earliest stipulated payments due, nor shall any endorsement or
statement on any check, or in any letter accompanying any check or other payment, be deemed an
accord and satisfaction, and Landlord may accept such check or payment without prejudice to
Landlord’s right to recover the balance of such Rental or to pursue any other remedy as provided
herein. No act or thing done by Landlord, or its agents or employees, shall be deemed an
acceptance of surrender of the Leased Premises, and no agreement to accept such a surrender shall
be valid unless in writing signed by Landlord. No agent or employee of Landlord shall have any
power to accept the keys to the Leased Premises prior to expiration or termination hereof, and
delivery of keys to any such agent or employee shall not operate as a termination hereof or an
acceptance of surrender of the Leased Premises.

SECTION 18.02. REPRESENTATIONS. Neither Landlord, nor its agents or employees, have
made any representation or promise with respect to the Leased Premises, the Building, the land upon
which the Building is erected (the “Land”), Rental, Operating Cost, Impositions, or any other
matter or thing affecting or related to execution hereof, except as expressly set forth herein, and
no rights, easements or licenses are acquired by Tenant by implication or otherwise except as
expressly set forth herein. All understandings and agreements heretofore made between the parties
with respect to the subject matter hereof are merged in this Lease, which alone fully and
completely expresses the agreement between the parties with respect to the subject matter hereof.
Any agreement hereafter made shall be ineffective to change, modify or amend this Lease in part or
in whole unless such agreement is in writing and signed by the party against which enforcement of
such change, modification or amendment is sought. Tenant acknowledges that it has independently
investigated the potential for the success of its operations upon the Leased Premises and has not
relied upon any inducements or representations on the part of Landlord or Landlord’s
representatives other than those contained in this Lease.

SECTION 18.03. QUIET ENJOYMENT. Upon Tenant’s paying Rental and all other charges
due hereunder, and observing and performing all terms, covenants, conditions and provisions on its
part to be observed and performed, Tenant may peaceably and quietly enjoy the Leased Premises,
subject, however, to the terms, covenants, conditions and provisions hereof and of
any mortgage(s) encumbering the Building.

SECTION 18.04. STATUS OF LANDLORD. The term “Landlord” as used herein, so far as
covenants or obligations on Landlord’s part are concerned, shall be limited to mean and include
only the owner(s) at the time in question of Landlord’s interest in the Land and the Building .
Tenant shall look solely to the Land and the Building for collection of any judgment (or
enforcement of any other judicial process) requiring payment of money by Landlord with respect to
any term, covenant, condition or provision hereof to be observed or performed by Landlord, and no
other property or assets of Landlord or any partner thereof shall be subject to levy, execution or
other enforcement procedures for satisfaction of any obligation due Tenant.

SECTION 18.05. AIR AND LIGHT. This Lease does not grant or guarantee Tenant
continuance of or any right of a view, or any easement for light and air over any property
adjoining the Leased Premises, the Land or the Building.

SECTION 18.06. CONSENTS AND APPROVALS. Whenever Landlord’s consent or approval is
required hereunder, such consent or approval shall only be valid when given expressly in writing
and identified in such writing as being intended as a consent or approval required by the terms
hereof. Consent or approval shall never be implied by any act performed or statement made by
Landlord, or its agents or employees.

SECTION 18.07. PARTIAL INVALIDITY. If any term, covenant, condition or provision
hereof, or application thereof to any person or circumstance, is invalid or unenforceable to any
extent, the remainder hereof, or application of such term, covenant, condition or provision to
persons or circumstances other than those as to which it is held invalid or unenforceable, shall
not be affected thereby, and each term, covenant, condition or provision hereof shall be valid and
enforceable to the fullest extent permitted by law.

SECTION 18.08. GOVERNING LAW. This Lease has been negotiated in the State of Indiana
with respect to premises located in such State, and shall be governed by the laws of such State.

SECTION 18.09. REASONABLENESS OF CONSENTS. Whenever Landlord’s consent or approval
is required hereunder, such consent or approval shall not be unreasonably conditioned, delayed or
withheld except as to a change of use, which consent or approval may be withheld in Landlord’s sole
and absolute discretion. If Landlord does not consent to a request made by Tenant when Landlord is
required to be reasonable, Tenant’s sole right and course of action to contest Landlord’s failure
to give such consent shall be to institute an action in Superior or Circuit Court in Marion County,
Indiana, for a declaratory judgment to determine whether such consent was unreasonably withheld.
If it is ultimately determined by a court of competent jurisdiction that such consent was
unreasonably withheld, then Tenant’s sole remedy shall be that Landlord’s consent shall be deemed
to have been given and Landlord shall pay Tenant’s reasonable attorneys’ fees and costs associated
with the declaratory judgment action.

SECTION 18.10. INTERPRETATION. The captions or headings to the various articles and
sections hereof are inserted only as a matter of convenience and for reference, and in no way
define, limit, construe or describe the scope hereof or the intent of any provision hereof. When
applicable, use of the singular form of any word shall also mean and apply to the plural, and the
neuter form shall mean and apply to the masculine or feminine.

SECTION 18.11. SUCCESSORS AND ASSIGNS. Except as herein limited, this Lease shall be
binding upon and inure to the benefit of the parties, and their respective legal representatives,
successors and assigns.

SECTION 18.12. USE OF BROKERS. Each party represents and warrants to the other party
that it has dealt with no broker, finder or other person other than Meridian Real Estate with
respect to Tenant and Colliers Turley Martin Tucker with respect to Landlord (collectively,
“Broker”) with respect hereto or the transaction contemplated hereby. Each party further
represents and warrants to the other party that, insofar as it knows, no broker or other person
other than Broker is entitled to any commission or fee in any such connection. Each party shall
indemnify and hold harmless the other party against any loss, liability, damage or claim incurred
by reason of any commission or fee alleged to be payable to anyone other than Broker because of any
act, omission or statement of the indemnifying party. Such indemnity obligation shall be deemed to
include payment of reasonable attorneys’ fees and court costs incurred in defending any such claim.

SECTION 18.13. PARKING. Landlord shall provide to Tenant, at Landlord’s expense,
twenty seven (27) parking spaces in the lower level of the garage beneath the Building for the Term
of the Lease and up to thirty three (33) spaces in the 401 North New Jersey surface lot for the
Term of the Lease.

SECTION 18.14. AMERICANS WITH DISABILITIES ACT. With respect to the public
accommodation provisions of the Americans With Disabilities Act (Title III), Landlord shall be
responsible for making readily achievable changes and providing auxiliary aids and services in
common areas of the Building and for modifying policies, practices, or procedures applicable to all
tenants. Tenant shall be responsible for readily achievable changes, provision of auxiliary aids,
and modification of policies within the Leased Premises. Landlord shall have no responsibility
for any policies that Tenant applies in operating its business. Tenant shall be solely responsible
for any costs associated with making reasonable accommodations to any of its employees under Title
I of the Americans With Disabilities Act within the Leased Premises.

SECTION 18.15. HAZARDOUS MATERIALS. Tenant will not in any manner use, maintain or
allow the use or maintenance of the Leased Premises in violation of any law, ordinance, statute,
regulation, rule or order (collectively “Laws”) of any governmental authority, including but not
limited to laws governing zoning, health, safety (including fire safety), occupational hazards, and
pollution and environmental control. Tenant shall not use, maintain or allow the use or
maintenance of the Leased Premises or any part thereof to treat, store, dispose of, transfer,
release, convey or recover hazardous, toxic or infectious waste nor shall Tenant otherwise, in any
manner, possess or allow the possession of any hazardous, toxic or infectious waste on or about the
Leased Premises; provided, however, any toxic material lawfully permitted and generally recognized
as necessary and appropriate for general office use may be stored and used on the Leased Premises
so long as (i) such storage and use is in the ordinary course of Tenant’s business permitted under
this Lease; (ii) such storage and use is performed in compliance with all applicable Laws and in
compliance with the highest standards prevailing in the industry for the storage and use of such
materials; (iii) Tenant delivers prior written notice to Landlord of the identity of and
information regarding such materials as Landlord may require; and (iv) Landlord consents thereto.
Hazardous, toxic or infectious waste shall mean any solid, liquid or gaseous waste, substance or
emission or any combination thereof which may (i) cause or significantly contribute to an increase
in mortality or in serious illness, or (ii) pose the risk of a substantial present or potential
hazard to human health, to the environment or otherwise to animal or plant life, and shall include
without limitation hazardous substances and materials described in the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, as amended; the Resource Conservation and
Recovery Act, as amended; and any other applicable federal, state or local laws. Tenants shall
immediately notify Landlord of the presence or suspected presence of any hazardous, toxic or
infectious waste on or about the Leased Premises and shall deliver to Landlord any notice received
by Tenant relating thereto.

Landlord and its agents shall have the right, but not the duty, to inspect the Leased Premises
and conduct tests thereon at any time to determine whether or the extent to which there is
hazardous, toxic or infectious waste on the Leased Premises. Landlord shall have the right to
immediately enter upon the Leased Premises to remedy any contamination found thereon. In
exercising its rights herein, Landlord shall use reasonable efforts to minimize interference with
Tenant’s business but such entry shall not constitute an eviction of Tenant, in whole or in part,
and Landlord shall not be liable for any interference, loss or damage to Tenant’s property or
business caused thereby. If any lender or governmental agency shall ever require testing to
ascertain whether there has been a release of hazardous materials, then the reasonable costs
thereof shall be reimbursed by Tenant to Landlord upon demand as additional Rental if such
requirement arose in whole or in part because of Tenant’s use of the Leased Premises. Tenant shall
execute affidavits, representations and the like from time to time, at Landlord’s request,
concerning Tenant’s best knowledge and belief regarding the presence of any hazardous, toxic or
infectious waste on the Leased Premises or Tenant’s intent to store or use toxic materials on the
Leased Premises. Tenants shall indemnify and hold harmless Landlord from any and all claims, loss,
liability, costs, expenses or damage, including attorneys’ fees and costs of remediation, incurred
by Landlord in connection with any breach by Tenant of its obligations under this section. The
covenants and obligations of Tenant hereunder shall survive the expiration or earlier termination
of this Lease.

SECTION 18.16. REMOVAL OF ELECTRICAL AND TELECOMMUNICA-TIONS WIRES.

(a) Landlord May Elect to Either Remove or Keep Wires. Within 30 days after
the expiration or sooner termination of the Lease or at any time that any of the
Wires (as defined below) are no longer in active use by Tenant, Landlord may elect
(“Election Right”) by written notice to Tenant to:

	 	(i)	 	Retain any or all wires, cables, and similar
installations appurtenant thereto (“Wires”) installed by Tenant with
the Leased Premises or anywhere in the Building outside the Leased
Premises, including, without limitation, the plenums or risers of the
Building.	 

	 	(ii)	 	Remove any or all of the Wires and restore the Leased
Premises or the Building, as the case may be, to their condition
existing prior to the installation of the Wires (“Wire Restoration
Work”). Landlord, at its option, may perform such Wire Restoration
Work at Tenant’s sole cost and expense; or	 

	 	(iii)	 	Require Tenant to perform all or part of the Wire
Restoration Work at Tenant’s sole cost and expense.	 

(b) Compliance with Laws and Discontinuance of Wire Use. Tenant shall comply
with all applicable laws with respect to the Wires, subject to Landlord’s right to
elect to retain the Wires. In the event that Tenant discontinues the use of all or
any part of the Wires or is no longer using all or any part of the Wires, Tenant
shall within 30 days thereafter notify Landlord of same in writing, accompanied by a
plan or other reasonable description of the current type, quantity, points of
commencement and termination, and routes of the Wires to allow Landlord to determine
if Landlord desires to retain same.

(c) Condition of Wires. In the event Landlord elects to retain any or all of
the Wires (pursuant to subparagraph a(i) hereof), Tenant covenants that:

	 	(i)	 	Tenant shall be the sole owner of the Wires, Tenant
shall have the sole right to surrender the Wires, and the Wires shall
be free of all liens and encumbrances; and	 

	 	(ii)	 	All Wires shall be left in good condition, working
order, properly labeled and capped or sealed at each end and in each
telecommunications/ electrical closet and junction box, and in safe
condition.	 

(d) Survival. The provisions of this Section 18.16 shall survive the
expiration or sooner termination of the Lease.

SECTION 18.17. OPTION TO TERMINATE. Tenant shall have a one-time option to terminate
this Lease at the expiration of the 39th month of the Term on the following terms and
conditions:

(a) Tenant shall give Landlord a written notice of its intention to exercise
its option to terminate at least six (6) months prior to the termination date;

(b) Tenant shall not be entitled to exercise its option to terminate this Lease
if an uncured default exists under any of the provisions of this Lease at the time
it attempts to exercise such option;

(c) Tenant shall pay Rent through the last date of the month in which the
termination date occurs;

(d) Tenant shall pay Landlord a termination fee of $199,241.31 to compensate
Landlord for any unamortized leasing commission and unamortized tenant improvement
costs accrued at the rate of 8% through the last date of the month in which the
termination date occurs.

SECTION 18.18. BACK UP GENERATOR. Landlord shall assist Tenant in
identifying acceptable options on the Project for Tenant to install a back-up generator. Tenant
shall be responsible for all costs associated with such generator, including installation, use,
maintenance and any increases in Landlord’s insurance premiums resulting from such installation and
use.

— Signature pages to follow.—

1

IN WITNESS WHEREOF, the parties have executed this Lease as of the day and year first above
written.

“LANDLORD”

DH REALTY, LLC,

an Indiana limited liability company

	 	 	 
	By:

	 	/s/ Mark R. Willis
	 

	 	 
	Printed:Mark R. Willis

	 	

	 
	 	 
	 

	 
	 	 
	Title:

	 	Assistant General Manager
	
 
	 	 

“TENANT”

CTI GROUP (HOLDINGS), INC.

a Delaware corporation

	 	 	 	 	 
	By:	 	/s/ William Miller
	 	 	(signature)	 	 
	
 
	 	William Miller
	 	COO
	
 
	 	 
	 	 

(printed signature), (title)

2

Exhibit “C”

Rules of the Building

	1.	 	The sidewalks, entrances, driveways, passages, courts, elevators, vestibules, stairways,
corridors or halls shall not be obstructed or encumbered by any tenant or used for any purpose
other than for ingress to egress from the Leased Premises and for delivery of merchandise and
equipment in a prompt and efficient manner using only elevators and passageways designated for
such delivery by Landlord. There shall not be used in any space, or in the public hall of the
Building, either by any tenant or by jobbers or others in the delivery or receipt of
merchandise, any hand trucks other than those equipped with rubber tiers and side guards.

	2.	 	The wash basins, water closets and other plumbing fixtures shall not be used for any purposes
other than those for which they were designed or constructed and no sweeping, rubbish, rags,
acids or other substances shall be deposited therein, and the expense of any breakage,
stoppage, or damage resulting from the violation of this rule shall be borne by the tenant
who, or whose agents, employees or visitors, shall have caused it.

	3.	 	No tenant shall sweep or throw or permit to be swept or thrown from the Leased Premises any
dirt or other substances into any of the corridors, halls, elevators or stairways of the
Building, and tenants shall not use, keep or permit to be used or kept any foul or noxious gas
or substance in the Leased Premises or permit or suffer the Leased Premises to be occupied or
used in a manner offensive or objectionable to Landlord or other occupants of the Building by
reason of noise, odors and/or vibrations, or interfere in any way with other tenants or those
having business therein, nor shall any animals or birds be kept in or about the Building.
Smoking or carrying lighted tobacco products in the elevators of the Building is prohibited.
Cooking in the Building is prohibited. Use of any part of the Leased Premises as a residence
is prohibited.

	4.	 	No sign, advertisement, notice or other lettering shall be exhibited, inscribed, pointed or
affixed by any tenant or to any part of the outside of the Leased Premises of the Building or
on the inside of the Leased Premises without the prior consent of Landlord. In the event of
the violation of the foregoing by any tenant, Landlord may remove same without any liability,
and may charge the expense incurred by such removal to any tenant violating this rule.
Interior signs on doors and directory tablet shall be inscribed, printed or affixed for each
tenant by Landlord at the expense of such Tenant, and shall be of size, color and style
acceptable to Landlord.

	5.	 	No tenant shall mark paint, drill into, or in any way deface any part of the Leased Premises
of the Building. No boring, cutting or stringing or wires shall be permitted, except with the
prior consent of Landlord, and as Landlord may direct. No tenant shall lay linoleum or other
similar floor covering so that the same shall come in direct contact with the floor of the
Leased Premises, and if linoleum or other similar floor covering is desired to be used, an
interlining of builder’s deadening felt shall be first affixed to the floor, by a paste or
other material, soluble in water, the use of cement or other similar adhesive material shall
be expressly prohibited.

	6.	 	Freight, furniture, business equipment, merchandise and bulky matter of any description shall
be delivered to and removed from the Leased Premises only on the freight elevator and through
the service entrances and corridors, and only during hours and in a manner approved by
Landlord. Landlord reserves the right to inspect all freight to be brought into the Building
and to exclude from the Building all freight which violates any of these Rules of the Building
or the Lease of which these rules are a part.

	7.	 	Landlord reserves the right to exclude from the Building between the hours of 6 P.M. and 8
A.M. and at all hours on Saturdays, Sundays, and legal holidays all persons who do not present
a pass to the Building signed by Landlord. In such event, Landlord will furnish passes to
persons for whom the tenant requires same in writing. Each tenant shall be responsible. for
all persons for whom it requests such a pass and shall be liable to Landlord for all acts of
such persons.

	8.	 	Landlord shall have the right to prohibit any advertising by any tenant which, in Landlord’s
opinion, tends to impair the reputation of the Building or its desirability as a Building of
offices, and upon written notice from Landlord, tenant shall refrain from or discontinue such
advertising.

	9.	 	Tenant shall not bring or permit to be brought or kept in or on the Leased Premises any
inflammable, combustible or explosive fluid, material, chemical or substance, or cause or
permit any odors of cooking or other processes, or any unusual or other objectionable odors to
permeate in or emanate from the Leased Premises.

	10.	 	Landlord shall furnish two (2) keys for each corridor door entering the Leased Premises.
Additional keys required by tenant shall be obtained from Landlord at a charge by Landlord to
reimburse it for the cost of making and providing any such keys. All such keys shall remain
the property of Landlord. No additional locks shall be permitted on any doors of the Leased
Premises without Landlord’s prior permission and tenant shall not make, or permit to be made,
any duplicate keys except those furnished by Landlord. Upon termination of the Lease, tenant
shall surrender to Landlord all keys to the Leased Premises and shall give to Landlord the
keys to and combination of all locks for safes, safe cabinets and vault doors, if any,
remaining in the Leased Premises.

	11.	 	Canvassing, peddling, soliciting and distribution of handbills or any other written materials
in the Building are prohibited, and each tenant shall cooperate to prevent the same.

	12.	 	The requirements of the tenants under these rules will be attended to only upon application
by telephone or in person at the office of the Building, followed by a written request.
Employees of Landlord shall not perform any work or do anything outside of their regular
duties at the direction of any tenant unless under special instructions from Landlord. Any
request made by Tenants under a Lease shall be made in accordance with the terms of the Lease.

	13.	 	Landlord may waive any one or more of these Rules for the benefit of any particular tenant or
tenants, but no such waiver by Landlord shall be construed as a waiver of such Rules in favor
of any other tenants, nor prevent Landlord from thereafter enforcing any such Rules against
any or all of the, tenants of the Building.

	14.	 	These Rules of the Building are in addition to, and shall not be construed to in any way to
modify or amend, in whole or in part, the terms, covenants, agreements and conditions of any
lease of premises in the Building.

	15.	 	Landlord reserves the right to make such other reasonable rules and regulations as in its
judgment may from time to time be needed for the safety, care and cleanliness of the Building,
and for the preservation of good order therein.

3Filing

Subscription for Units Document

EX-4.1

MOVENTIS CAPITAL, INC.

Convertible Secured Debenture 

SUBSCRIPTION FOR UNITS

TO/PAYEE:

Moventis Capital, Inc., 

a Delaware corporation  (the “Company”)

The following Subscription Agreement is for Units (as defined herein) of a three-year convertible secured debenture ("Debenture") in the Company, which will bear an interest rate (“Rate”) of 10% per annum, paid semi-annually, which may be increased to a maximum of 14% in the event the Company issues debt at a higher interest rate to a senior lender under certain circumstances. The Debenture shall be convertible into Common Shares of the Company at the option of the holder, and contains warrant coverage as further provided herein.   The Company's obligations under the Debentures are secured by a grant, subject to certain limitations, of a security interest in certain assets of the Company. 

The undersigned (the “Subscriber”) hereby subscribes for and agrees to purchase the number of units (the “Units”) in the capital of the Company, set forth below for the aggregate subscription price set forth below, representing a subscription price of US$25,000 per Unit, upon and subject to the terms and conditions set forth in the “Terms and Conditions of Subscription for Securities of Moventis Capital, Inc.” attached to and forming a part hereof.  

Each Unit is comprised of (i) one Debenture of the Company with a principal face amount of US$25,000.00, and (ii) common share purchase warrants (the “Warrants”) to purchase 12,295 additional Common Shares (a “Warrant Share”) for a period of three years from the Closing Date (as defined herein).  The Debentures and the Warrants carry piggyback registration rights with respect to the shares issuable upon conversion of the Debentures and exercise of the Warrants.   

This subscription may be accepted as to the number of Units set forth below or such lesser number as may be determined by the Company at its discretion.  In addition to this face page, the Subscriber must also complete all applicable Schedules attached hereto and sign the signature pages to the Transaction Documents.  At the Closing Time, the Company will deliver to the Subscriber, the Debenture(s), Warrant(s), Registration Rights Agreement and General Security Agreement. 

			
	

Number of Units ___________   Aggregate Subscription Value US$  ____________ (in US$25,000 increments)  Number of common shares of the Company held by the Subscriber excluding those being subscribed for hereunder:  _______________ (fully-diluted)

Subscriber is an Insider*    Yes    No

* Director, Senior Officer or 10% Shareholder

	

__________________________________________

(Name of Subscriber – please print)

By: ________________________________________

      (Authorized Signature, if other than individual)

__________________________________________

(Official Capacity or Title, if Applicable – Please Print)

__________________________________________

__________________________________________

(Subscriber’s Address)

__________________________________________

(Telephone Number)

__________________________________________

(email address)

	 
	Register the Purchased Securities as set forth below:

__________________________________________

(Name)

__________________________________________

(Account reference, if applicable)

__________________________________________

__________________________________________

(Address)

Deliver the Purchased Securities as set forth below:

__________________________________________

(Name)

__________________________________________

(Account reference, if applicable)

__________________________________________

(Contact Name)

__________________________________________

__________________________________________

(Address)

TERMS AND CONDITIONS OF SUBSCRIPTION FOR SECURITIES OF MOVENTIS CAPITAL, INC.

Terms of the Offering

(i)

The Subscriber acknowledges that the Units subscribed for hereunder form part of an issuance and sale by the Company of securities for gross proceeds of up to US$2,500,000 comprised of up to 100 Units at a subscription price of US$25,000 per Unit, each Unit consisting of one debenture and Warrants to purchase 12,295 Common Shares (the “Offering”).

(ii)

Each Unit is comprised of (i) one debenture of the Company with a principal face amount of US$25,000 (“Debenture”), and (ii) common share purchase warrants (the “Warrants”).  Such debenture will be initially convertible into 32,496 shares of the Company’s Common Shares at any time after the issuance thereof as follows:

a.

One-third (US$8,333.00) of the Debenture is convertible at a price of US$0.65 per Share into 12,820 Common Shares;

b.

One-third (US$8,332.80) of the Debenture is convertible at a price of US$0.80 per Share into  10,416 Common Shares; and

c.

One-third (US$8,334.00) of the Debenture is convertible at a price of US$0.90 per Share into 9,260 Common Shares.

Each Unit entitles the Subscriber to purchase 12,295 additional Common Shares (a “Warrant Share”) for a period of three years from the Closing Date (as defined herein) (i) 6,147 of which warrants will have an exercise price of US$0.65; and (ii) 6,148 of which warrants will have an exercise price of US$0.80.

(iii)

 The Subscriber acknowledges and agrees that the Company may, acting unilaterally, increase or decrease the size of the Offering without the consent of or notice to the Subscriber.

Representations, Warranties and Covenants by Subscriber

4.

The Subscriber represents, warrants and covenants to the Company (and acknowledges that the Company and its counsel, are relying thereon) as at the date hereof and as at the Closing Time (as such term is defined below) that:

(a)

it understands that the Securities are “restricted securities” and have not been registered under the United States Securities Act of 1933 (the “1933 Act”) or any applicable state securities law, understands the restrictions with respect to trading in the Units, Common Shares, the Warrants and the Warrant Shares (collectively, the “Purchased Securities”), imposed by applicable securities legislation in the jurisdiction in which it resides, confirms that no representation has been made to it by or on behalf of the Company with respect thereto, acknowledges that it is aware of the characteristics of the Purchased Securities, the risks relating to an investment therein and of the fact that it may not be able to resell the Purchased Securities except in accordance with limited exemptions under applicable securities legislation and regulatory policies until expiry of the applicable hold period (one year in the United States) and in compliance with the other requirements of applicable law;

(b)

the Subscriber is resident in the jurisdiction set forth in this Subscription Agreement as the “Subscriber’s Address” below the Subscriber’s signature as set forth on the first page hereof, and the purchase by and sale to the Subscriber of the Units, and any act, solicitation, conduct or negotiation directly or indirectly in furtherance of such purchase and sale has occurred only in such jurisdiction;

(c)

the Subscriber is purchasing the Units as principal for its own account, for investment only and not for the benefit of any other person, and not with a view to the resale or distribution of all or any of the Purchased Securities in compliance with applicable federal and state securities laws);

(d)

(i) if the Subscriber is a person in the United States or a U.S. Person (as defined below), the Subscriber is (A) an “accredited investor” as defined in Exhibit “1” of Schedule “D” attached hereto (and has concurrently executed and delivered an Accredited Investor Certificate in the form attached hereto as Schedule “D”, including Exhibit “1” thereto completed as directed) or (B) a “qualified institutional buyer” as defined in Rule 144A(a) under the 1933 Act; or

(ii) if the Subscriber is resident in British Columbia, Alberta, Ontario or Quebec, the Subscriber is an “accredited investor” as defined in Exhibit “1” of Schedule “A” attached hereto and has concurrently executed and delivered an Accredited Investor Certificate in the form attached hereto as Schedule “A”, including Exhibit “1” thereto completed as directed; or

(iii) if the Subscriber is resident in British Columbia, Alberta or Quebec, the Subscriber is an “eligible purchaser” as defined in Schedule “B” attached hereto and has concurrently executed and delivered an Eligible Purchaser Certificate in the form attached hereto as Schedule “B” and completed as directed; 

(iv) if the Subscriber is resident in Ontario, the Subscriber is an “eligible purchaser” as defined in Schedule “C” attached hereto and has concurrently executed and delivered an Eligible Purchaser Certificate in the form attached hereto as Schedule “C” and completed as directed;

(e)

it is aware that the Purchased Securities have not been and will not be registered under the 1933 Act, and that these securities may not be offered or sold in the United States without registration under the 1933 Act or compliance with requirements of an exemption from registration;

(f)

it undertakes and agrees that it will not offer or sell the Purchased Securities in the United States unless such securities are registered under the 1933 Act and the securities laws of all applicable states of the United States or an exemption from such registration requirements is available, and further that it will not resell the Purchased Securities, except in accordance with the provisions of applicable securities legislation, regulations, rules, policies and orders and stock exchange rules;

– 2 –

(g)

unless the Subscriber has completed and delivered an Accredited Investor Certificate in the form attached as Schedule “D”, including Exhibit “1” thereto (in which case the Subscriber makes the representations, warranties and covenants therein):

(i)

the Subscriber is not a person in the United States or a U.S. person, as defined in Regulation S under the 1933 Act (“U.S. Person”) (the definition of which generally includes, and is not limited to, (A) any natural person resident in the United States, (B) any partnership or corporation organized or incorporated under the laws of the United States, (C) any estate or trust of which any executor, administrator or trustee is a U.S. Person, (D) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States, and (E) any partnership or corporation organized or incorporated under the laws of any non-U.S. jurisdiction which is formed by a U.S. Person principally for the purpose of investing in securities not registered under the 1933 Act, unless it is organized or incorporated, and owned, by accredited investors, as defined in Rule 501 under the 1933 Act, who are not natural persons, estates or trusts);

(ii)

the offer to purchase the Units was not made to the Subscriber in the United States; and

(iii)

at the time the Subscriber’s subscription for the Units was executed and delivered to the Company, the Subscriber (or the Subscriber’s authorized signatory, if it is an entity) was outside the United States;

(h)

the Subscriber acknowledges that the Warrants may not be exercised by or on behalf of a U.S. Person or a person in the United States unless an exemption is available from the registration requirements of the 1933 Act and the securities laws of all applicable states, and the holder has furnished an opinion of counsel satisfactory to the Company to such effect; provided that a Subscriber that delivers the Accredited Investor Certificate attached as Schedule “C”, including Exhibit “1” thereto, in connection with its purchase of Units will not be required to deliver an opinion of counsel in connection with its due exercise of the Warrants on its own behalf at a time when the Subscriber remains an accredited investor, as defined in Rule 501 under the 1933 Act; 

(i)

if the Subscriber is a company or body corporate that is a valid and subsisting corporation, it has the necessary corporate capacity and authority to execute and deliver this Subscription Agreement and to take all actions required pursuant thereto and certifies that all necessary approvals by its directors, shareholders, partners, members or otherwise has been given;

(j)

if the Subscriber is an individual, it is of the full age of majority and is legally competent to execute this Subscription Agreement and take all action pursuant hereto;

(k)

this Subscription Agreement has been duly and validly authorized, executed and delivered by and constitutes a legal, valid, binding and enforceable obligation of the undersigned;

(l)

the Subscriber, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment and is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

(m)

the Subscriber acknowledges that the certificates representing the Purchased Securities, including if necessary, the Warrant Shares, will bear the following legend:

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”) OR ANY STATE SECURITIES LAWS.  THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE COMPANY THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY, (B) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE LOCAL LAWS AND REGULATIONS, OR (C) EITHER (1) PURSUANT TO AN AVAILABLE EXEMPTION UNDER THE U.S. SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, UPON RECEIPT BY THE COMPANY OF A LEGAL OPINION (IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY) TO SUCH EFFECT, OR (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE U.S. SECURITIES ACT FOR SUCH SECURITIES.”

(n)

the Subscriber acknowledges that the certificates representing the Purchased Securities, including if necessary, the Warrant Shares, will bear such additional legends as required to comply with United States and applicable state securities laws;

(o)

no representation has been made to it regarding the present or future value of the Purchased Securities;

(p)

it is aware that it is not purchasing the Purchased Securities hereunder pursuant to a prospectus and as a result:

(i)

it is restricted from using most of the civil remedies available under applicable securities legislation;

(ii)

there is no government or other insurance covering the Purchased Securities;

(iii)

it will not receive information that would otherwise be required to be provided to it under applicable securities legislation;

(iv)

there are risks associated with the purchase of the Purchased Securities;

(v)

the Company is relieved of certain obligations that would otherwise apply under applicable securities legislation;

– 3 –

(vi)

there are restrictions on the Subscriber’s ability to resell the Purchased Securities and it is the responsibility of the Subscriber to find out what those restrictions are and to comply with them before selling the Purchased Securities;

(vii)

no securities commission or similar regulatory authority has reviewed or passed on the merits of the Purchased Securities or the Offering; and

(viii)

the Subscriber acknowledges that the Company has advised the Subscriber that the Company is relying on exemptions from the requirements to provide the Subscriber with a prospectus and to sell the Purchased Securities through a person registered to sell securities under the applicable securities legislation and, as a consequence of acquiring the Purchased Securities pursuant to these exemptions, certain protections, rights and remedies provided by applicable securities legislation, including statutory rights of rescission or damages, will not be available to the Subscriber;

(q)

it understands that the sale and delivery of the Units is conditional upon such sale being exempt from the requirements as to the filing of a prospectus or upon the issuance of such orders, consents or approvals as may be required to permit such sale without the requirement of filing a prospectus;

(r)

if required by applicable securities legislation, regulations, rules, policies or orders or by any securities commission, stock exchange or other regulatory authority, the undersigned will execute, deliver, file and otherwise assist the Company in filing, such reports, undertakings and other documents with respect to the issue or continued ownership of the Purchased Securities as may be reasonably required;

(s)

it will comply with all applicable securities legislation, regulations, rules, orders, policies or other laws concerning the purchasing, holding and resale or other disposition of the Purchased Securities, including the execution and filing of any required private placement reports.  In particular, the Subscriber will not resell or otherwise transfer or dispose of any of the Purchased Securities except in accordance with the provisions of all applicable securities laws and stock exchange rules;

 (t)

the acquisition of Units hereunder by the Subscriber will not result in the Subscriber becoming a “Control Person”, as defined under applicable Canadian securities laws; 

(u) 

the Subscriber is not required to be registered as a broker-dealer under Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

(v)

the Subscriber acknowledges that it has been directed to obtain independent legal, income tax and investment advice with respect to its subscription for Units and accordingly, has had the opportunity to acquire an understanding of the meanings of all terms contained herein relevant to the Subscriber for purposes of giving representations, warranties and covenants under this Subscription Agreement.

(w)

the Subscriber acknowledges that is has been afforded (i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the offering of the Units and the merits and risks of investing in the Units, (ii) access to information about the Company and its subsidiaries and their respective financial condition, results of operations, businesses, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) opportunity to obtain such additional information that the Company possesses or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision with respect to the investment; and

(x)

the subscriber is not purchasing the Units as a result of any advertisement, article, notice or other communication regarding the Units published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or any other general solicitation or general advertisement.

Closing

5.

The Subscriber agrees to deliver to the Company not later than 11:00 a.m. (Pacific Daylight Time) onOctober 6, 2006 (or two business days before any amended Closing Date of which the Subscriber receives notice):

(a)

a certified cheque or bank draft in the amount of the aggregate subscription price set forth on the face page of this Subscription Agreement made payable to “Moventis Capital, Inc.”; and

(b)

such other documents as may be required by counsel to the Company.

6.

The sale and issuance of the Units will be completed at the offices of Fasken Martineau DuMoulin, 2100 - 1075 West Georgia Street, Vancouver, B.C. V6E 3G2, on or before October 6, 2006 (the “Closing Date”) or such other place, time or date as the Company may determine (such other date also being referred to as the Closing Date), provided that the Company shall not be required to complete the sale and issuance of the Purchased Securities unless the Subscriber shall have complied with Section 4 hereof.  In the event that these conditions have not been met or waived by the Company prior to the Closing Date, the Subscriber shall not be required to purchase, and the Company shall not be required to issue and sell, any Purchased Securities, and any subscription funds received by the Company will be returned to the Subscriber without interest thereon or deduction there from.

7.

The Company shall be entitled to rely on delivery of a facsimile copy of executed subscriptions.

– 4 –

General

8.

The Subscriber undertakes to immediately notify the Company of any change in any statement or other information relating to the Subscriber set forth herein which takes place prior to the Closing Date.

9.

This Subscription Agreement and all documents relating thereto shall be governed by and construed in accordance with the laws of the State of Delaware.

10.

Time shall be of the essence hereof.

11.

The Subscriber acknowledges its consent and requests that all documents evidencing or relating in any way to its purchase of Purchased Securities be drawn up in the English language only.

12.

This Subscription Agreement represents the entire agreement of the parties hereto relating to the subject matter hereof and there are no representations, covenants or other agreements relating to the subject matter hereof except as stated or referred to herein.

13.

If any provision of this Subscription Agreement is determined to be void or unenforceable in whole or in part, it shall be deemed not to affect or impair the validity of any other provision of this agreement and such void or unenforceable provision shall be severable from this agreement.

14.

The covenants, representations and warranties contained herein shall survive the closing of the transactions contemplated hereby.

15.

The Subscriber acknowledges and consents to the fact that the Company is collecting the Subscriber’s personal information for the purposes of completing the Subscriber’s subscription.  The Subscriber acknowledges and consents to the Company retaining the personal information for as long as permitted or required by applicable law or business practices and disclosing such information to the Company’s registrar and transfer agent, legal counsel and any other party involved in the purchase and sale of the Purchased Securities.  The Subscriber further acknowledges and consents to the fact the Company may be required by applicable securities laws, stock exchange rules, and investment dealers association rules to disclose to regulatory authorities any personal information provided by the Subscriber respecting itself.

17.

The Subscriber acknowledges and agrees that all costs incurred by the Subscriber (including any fees and disbursements of any special counsel retained by the Subscriber) relating to the sale of the Purchased Securities to the Subscriber shall be borne by the Subscriber. 

18.

In this Subscription Agreement (including attachments), references to “$” are to United States dollars, unless otherwise noted.

SCHEDULE “A”

ACCREDITED INVESTOR CERTIFICATE

FOR BRITISH COLUMBIA, ALBERTA, ONTARIO AND QUEBEC PURCHASERS

TO:

MOVENTIS CAPITAL, INC. (the “Company”)

In connection with the purchase by the undersigned purchaser (the “Subscriber”) of Units of the Company, the Subscriber hereby represents, warrants, covenants and certifies that:

		
	1.

	the Subscriber is resident in the Province of Alberta, British Columbia, Ontario or Quebec or is subject to the laws of the Province of Alberta, British Columbia, Ontario or Quebec;

	2.

	the Subscriber is purchasing the Subscriber’s Shares as principal for its own account;

	3.

	the Subscriber is an “accredited investor” within the meaning of National Instrument 45-106, Prospectus and Registration Exemptions, by virtue of satisfying the indicated criterion as set out in Appendix “A” to this certificate (YOU MUST ALSO INITIAL SCHEDULE A TO THIS CERTIFICATE):

	4.

	the above representations, warranties and covenants will be true and correct both as of the execution of this certificate and as of the closing time of the purchase and sale of the Subscriber’s Units and will survive the completion of the issue of the Subscriber’s Units; and

	5.

	the foregoing representations, warranties and covenants are made by the undersigned with the intent that they be relied upon in determining the suitability of the undersigned as a purchaser of the Subscriber’s Units and the undersigned undertakes to immediately notify the Company of any change in any statement or other information relating to the Subscriber set forth herein which takes place prior to the closing time of the purchase and sale of the Subscriber’s Units.

Dated at _______, this _________ day of September, 2006.

__________________________________________

Name of Subscriber

__________________________________________

Signature

__________________________________________

If the Subscriber is a corporation, office or title of signatory

IMPORTANT: PLEASE INITIAL THE APPLICABLE ITEM ON ‘SCHEDULE A’ ATTACHED TO THIS CERTIFICATE.

EXHIBIT “1”

[Please check the appropriate box.]

“accredited investor” means:

		
	c

	(a)

a Canadian financial institution, or a Schedule III Bank,

	c

	(b)

the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada),

	c

	(c)

a subsidiary of any person referred to in paragraph (a) or (b) if the person owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary,

	c

	(d)

a person or company registered under the securities legislation of a jurisdiction of Canada as an adviser or dealer, other than a person registered solely as a limited market dealer registered as a limited market dealer registered under one or both of the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador),

	c

	(e)

an individual registered or formerly registered under the securities legislation of a jurisdiction of Canada, as a representative of a person referred to in paragraph (d),

	c

	(f)

the Government of Canada or a jurisdiction of Canada, or any crown corporation, agency or wholly owned entity of the Government of Canada or a jurisdiction of Canada,

	c

	(g)

a municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion de la taxe scolaire de l’île de Montréal or an intermunicipal management board in Québec,

	c

	(h)

any national, federal, state, provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency of that government,

	c

	(i)

a pension fund that is regulated by either the Office of the Superintendent of Financial Institutions (Canada) or a pension commission or similar regulatory authority of a jurisdiction of Canada,

	c

	(j)

an individual who, either alone or with a spouse, beneficially owns, directly or indirectly, financial assets having an aggregate realizable value that, before taxes but net of any related liabilities, exceeds C$1,000,000,

	c

	(k)

an individual whose net income before taxes exceeded C$200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded C$300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year,

	c

	(l)

an individual who, either alone or with a spouse, has net assets of at least C$5,000,000,

	c

	(m)

a person, other than an individual or investment fund, that has net assets of at least C$5,000,000 as shown on its most recently prepared financial statements,

	c

	(n)

an investment fund that distributes or has distributed its securities only to

(i)

a person that is or was an accredited investor at the time of the distribution,

(ii)

a person that acquires or acquired securities in the circumstances referred to in sections 2.10 [Minimum amount investment], and 2.19 [Additional investment in investment funds], or

(iii)

  a person described in paragraph (i) or (ii) that acquires or acquired securities under section 2.18 [Investment fund reinvestment],

	c

	(o)

an investment fund that distributes or has distributed securities under a prospectus in a jurisdiction of Canada for which the regulator or, in Québec, the securities regulatory authority, has issued a receipt,

	c

	(p)

a trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a fully managed account managed by the trust company or trust corporation, as the case may be,

– 2 –

		
	c

	(q)

a person acting on behalf of a fully managed account managed by that person, if that person

(i)

is registered or authorized to carry on business as an adviser or the equivalent under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction, and

(ii)

in Ontario, is purchasing a security that is not a security of an investment fund;

	c

	(r)

a registered charity under the Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility advisor or an advisor registered under the securities legislation of the jurisdiction of the registered charity to give advice on the securities being traded,

	c

	(s)

an entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) to (d) or paragraph (i) in form and function,

	c

	(t)

a person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required by law to be owned by directors, are persons that are accredited investors,

	c

	(u)

an investment fund that is advised by a person registered as an adviser or a person that is exempt from registration as an adviser, or

	c

	(v)

a person that is recognized or designated by the securities regulatory authority or, except in Ontario and Québec, the regulator as

            (i)

an accredited investor, or

(ii)

an exempt purchaser in Alberta or British Columbia after September 14, 2005.

For the purposes hereof:

“Canadian financial institution” means (a) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (b) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada.

“financial assets” means (a) cash; (b) securities; or (c) a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation.

“investment fund” means a mutual fund or a non-redeemable investment fund, and, for greater certainty in British Columbia, includes an EVCC and a VCC.

“person” includes (a) an individual; (b) a corporation; (c) a partnership, trust, fund and an association, syndicate, organization or other organized group of persons, whether incorporated or not; and (d) an individual or other person in that person’s capacity as a trustee, executor, administrator or personal or other legal representative.

“related liabilities” means (a) liabilities incurred or assumed for the purpose of financing the acquisition or ownership of financial assets; or (b) liabilities that are secured by financial assets.

“subsidiary” means an issuer that is controlled directly or indirectly by another issuer and includes a subsidiary of that subsidiary.

Affiliate and Control

A.

an issuer is an affiliate of another issuer if (a) one of them is the subsidiary of the other; or (b) each of them is controlled by the same person.

B.

a person (first person) is considered to control another person (second person) if (a) the first person, directly or indirectly, beneficially owns or exercises control or direction over securities of the second person carrying votes which, if exercised, would entitle the first person to elect a majority of the directors of the second person, unless that first person holds the voting securities only to secure an obligation; (b) the second person is a partnership, other than a limited partnership, and the first person holds more than 50% of the interests of the partnership; or (c) the second person is a limited partnership and the general partner of the limited partnership is the first person.

SCHEDULE “B”

CERTIFICATE OF ELIGIBLE RELATED INVESTOR

The Subscriber is resident in British Columbia, Alberta or Quebec, is purchasing as principal its own account and not for the benefit of another and is [Check one or more]:

			
	 
	(iv)

a director, executive officer or control person of the Issuer or of an affiliate of the Issuer,

	 
	(v)

a spouse, parent, grandparent, brother, sister or child of a director, executive officer or control person of the Issuer or of an affiliate of the Issuer,

	 
	(vi)

a parent, grandparent, brother, sister or child of a spouse of a director, executive officer or control person of the Issuer or of an affiliate of the Issuer,

	 
	(vii)

a founder of the Issuer or a spouse, parent, grandparent, brother, sister or child of a founder of the Issuer,

	 
	(viii)

a parent, grandparent, brother, sister or child of a spouse of a founder of the Issuer,

	 
	(ix)

a person of which a majority of the voting securities are beneficially owned by, or a majority of the directors are, persons described in paragraphs (i) to (v), or

	 
	(x)

a trust or estate of which all of the beneficiaries or a majority of the trustees or executors are persons described in paragraphs (i) to (v),

	 
	(xi)

a close personal friend of a director, executive officer or control person of the Issuer or of an affiliate of the Issuer, who has known ______________________ [insert name of close personal friend], a

	 
	(a)

director

(b)

executive officer, or

(c)

control person

	 
	(check one) for ____________________ and is able to assess the capabilities and trustworthiness of such director, executive officer or control person by virtue of

	 
	 
	 

	 
	 
	 

	 
	(xii)

a close business associate of a director, executive officer or control person of the Issuer, or of an affiliate of the Issuer who has had a number of prior business dealings with ____________________________ [insert name of close business associate], a

	 
	(a)

director

(b)

executive officer, or

(c)

control person

	 
	(check one) for _________________________ and is able to assess the capabilities and trustworthiness of such director, executive officer or control person by virtue of

	 
	 
	 

	 
	 
	 

	 
	(xiii)

a close personal friend of a founder of the Issuer who has known __________________________ [insert name of founder that is the close personal friend], a founder of the Issuer for __________________________ and is able to assess the capabilities and trustworthiness of the founder by virtue of

	 
	 
	 

	 
	 
	 

	 
	(xiv)

a close business associate of a founder of the Issuer who has had a number of prior business dealings with _____________________________ [insert name of founder that is close business associate], a founder of the Issuer for _________________________ and is able to assess the capabilities and trustworthiness of the founder by virtue of

	 
	 
	 

	 
	 
	 

– 2 –

			

For the purposes of this certificate, the following definitions apply:

“control person” has the same meaning as in securities legislation except in Manitoba, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island and Quebec where control person means any person that holds or is one of a combination of persons that holds

(a)

a sufficient number of any of the securities of an issuer so as to affect materially the control of the issuer, or

(b)

more than 20% of the outstanding voting securities of an issuer except where there is evidence showing that the holding of those securities does not affect materially the control of the issuer;

“director” means

(a)

a member of the board of directors of a company or an individual who performs similar functions for a company, and

(b)

with respect to a person that is not a company, an individual who performs functions similar to those of a director of a company;

“executive officer” means, for an issuer, an individual who is

(a)

a chair, vice-chair or president,

(b)

a vice-president in charge of a principal business unit, division or function including sales, finance or production,

(c)

an officer of the issuer or any of its subsidiaries and who performs a policy-making function in respect of the issuer, or

(d)

performing a policy-making function in respect of the issuer;

“founder” means, in respect of an issuer, a person who,

(a)

acting alone, in conjunction, or in concert with one or more persons, directly or indirectly, takes the initiative in founding, organizing or substantially reorganizing the business of the issuer, and

(b)

at the time of the trade is actively involved in the business of the issuer;

“spouse” means, an individual who,

(a)

is married to another individual and is not living separate and apart within the meaning of the Divorce Act (Canada), from the other individual,

(b)

is living with another individual in a marriage-like relationship, including a marriage-like relationship between individuals of the same gender, or

(c)

in Alberta, is an individual referred to in paragraph (a) or (b), or is an adult interdependent partner within the meaning of the Adult Interdependent Relationships Act (Alberta);

“subsidiary” means an issuer that is controlled directly or indirectly by another issuer and includes a subsidiary of that subsidiary.

For the purpose hereof, an issuer is an affiliate of another issuer if

(a)

one of them is the subsidiary of the other, or

(b)

each of them is controlled by the same person. 

For the purpose hereof, a person (first person) is considered to control another person (second person) if

(a)

the first person, directly or indirectly, beneficially owns or exercises control or direction over securities of the second person carrying votes which, if exercised, would entitle the first person to elect a majority of the directors of the second person, unless that first person holds the voting securities only to secure an obligation,

(b)

the second person is a partnership, other than a limited partnership, and the first person holds more than 50% of the interests of the partnership, or

(c)

the second person is a limited partnership and the general partner of the limited partnership is the first person.

– 3 –

The foregoing representation and warranty is true and accurate as of the date of this certificate and will be true and accurate as of the Closing Date of the Offering of Common Shares as set forth in the attached Subscription Agreement.  If any such representation or warranty shall not be true and accurate prior to Closing Date, the undersigned shall give immediate written notice of such fact to the Issuer.

			
	Dated: ______________________

	 
	Signed: 

	

	 
	

	Witness (If Subscriber is an Individual)

	 
	Print Name of Subscriber

	 
	 
	 

	 
	 
	 

	 
	 
	 

	Print Name of Witness

	 
	If Subscriber is a Corporation,

Print Name and Title of 

Authorized Signing Officer

– 4 –

SCHEDULE “C”

CERTIFICATE OF ELIGIBLE ONTARIO RELATED INVESTOR

ONTARIO RESIDENTS ONLY

The Subscriber is resident in Ontario and is purchasing as principal for its own account and not for the benefit of another and is: [check one or more]

		
	 
	(a)

a founder of the Corporation, 

	 
	(b)

a spouse, parent, brother, sister, grandparent or child or an executive officer, director or founder of the Corporation, or 

	 
	(c)

a person that is a control person of the Corporation.

For the purposes of this certificate, the following definitions apply:

“control person” has the same meaning as in securities legislation except in Manitoba, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island and Quebec where control person means any person that holds or is one of a combination of persons that holds

(a)

a sufficient number of any of the securities of an issuer so as to affect materially the control of the issuer, or

(b)

more than 20% of the outstanding voting securities of an issuer except where there is evidence showing that the holding of those securities does not affect materially the control of the issuer;

“director” means

(a)

a member of the board of directors of a company or an individual who performs similar functions for a company, and

(b)

with respect to a person that is not a company, an individual who performs functions similar to those of a director of a company;

“executive officer” means, for an issuer, an individual who is

(a)

a chair, vice-chair or president,

(b)

a vice-president in charge of a principal business unit, division or function including sales, finance or production,

(c)

an officer of the issuer or any of its subsidiaries and who performs a policy-making function in respect of the issuer, or

(d)

performing a policy-making function in respect of the issuer;

“founder” means, in respect of an issuer, a person who,

(a)

acting alone, in conjunction, or in concert with one or more persons, directly or indirectly, takes the initiative in founding, organizing or substantially reorganizing the business of the issuer, and

(b)

at the time of the trade is actively involved in the business of the issuer;

“spouse” means, an individual who,

(a)

is married to another individual and is not living separate and apart within the meaning of the Divorce Act (Canada), from the other individual,

(b)

is living with another individual in a marriage-like relationship, including a marriage-like relationship between individuals of the same gender, or

(c)

in Alberta, is an individual referred to in paragraph (a) or (b), or is an adult interdependent partner within the meaning of the Adult Interdependent Relationships Act (Alberta);

“subsidiary” means an issuer that is controlled directly or indirectly by another issuer and includes a subsidiary of that subsidiary.

For the purpose hereof, an issuer is an affiliate of another issuer if

(a)

one of them is the subsidiary of the other, or

– 5 –

(b)

each of them is controlled by the same person. 

For the purpose hereof, a person (first person) is considered to control another person (second person) if

(a)

the first person, directly or indirectly, beneficially owns or exercises control or direction over securities of the second person carrying votes which, if exercised, would entitle the first person to elect a majority of the directors of the second person, unless that first person holds the voting securities only to secure an obligation,

(b)

the second person is a partnership, other than a limited partnership, and the first person holds more than 50% of the interests of the partnership, or

(c)

the second person is a limited partnership and the general partner of the limited partnership is the first person.

The foregoing representation and warranty is true and accurate as of the date of this certificate and will be true and accurate as of the Closing Date of the Offering of Common Shares as set forth in the attached Subscription Agreement.  If any such representation or warranty shall not be true and accurate prior to Closing Date, the undersigned shall give immediate written notice of such fact to the Issuer.

			
	Dated: ______________________

	 
	Signed: 

	

	 
	

	Witness (If Subscriber is an Individual)

	 
	Print Name of Subscriber

	 
	 
	 

	 
	 
	 

	 
	 
	 

	Print Name of Witness

	 
	If Subscriber is a Corporation,

Print Name and Title of 

Authorized Signing Officer

SCHEDULE “D”

ACCREDITED INVESTOR CERTIFICATE

FOR UNITED STATES PURCHASERS

In connection with the purchase by the undersigned subscriber (the “Subscriber”) of Units of the Company, the Subscriber hereby represents, warrants, covenants and certifies to the Company that the Subscriber is purchasing the Units as principal for its own account, for investment purposes only and not with a view to resale or distribution and, in particular, it has no intention to distribute either directly or indirectly any of the Units or the securities issuable upon exercise of the Warrants (collectively, the “Purchased Securities”); provided, however, that this sentence shall not restrict the Subscriber from selling  or otherwise disposing of any of the Purchased Securities pursuant to registration thereof pursuant to the U.S. Securities Act of 1933 (the “U.S. Securities Act”) and any applicable state securities laws or under an exemption from such registration requirements.  The Subscriber is an “accredited investor” as defined in Rule 501 of Regulation D under the U.S. Securities Act by virtue of satisfying one of the indicated criteria as set out in Exhibit ”1” to this Accredited Investor Certificate and as so marked by the Subscriber.

Subscriber acknowledges that (A) the Units and the underlying securities are and will be “restricted securities” as defined in Rule 144 promulgated under the U.S. Securities Act; (B) neither the Units nor the underlying securities may be sold or otherwise transferred except to the Company, outside the United States in compliance with Rule 904 of Regulation S under the U.S. Securities Act and in compliance with applicable local laws and regulations, pursuant to an effective registration statement under the U.S. Securities Act and all applicable state securities laws, or pursuant to an available exemption under the U.S. Securities Act and the Subscriber shall have first delivered to the Company a written opinion of counsel (which counsel and opinion shall be reasonable satisfactory to the Company), to the effect that the proposed sale or transfer of the securities is registered under or exempt from the registration provisions of the U.S. Securities Act and all applicable state securities laws; and (C) upon the original issuance of the Units (and any underlying securities into which the Warrants are exercisable), and until such time as the same is no longer required under applicable requirements of the U.S. Securities Act or applicable state securities laws, the certificates representing the Units (and any such underlying securities) will bear a restrictive securities legend in substantially the following form:

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”) OR ANY STATE SECURITIES LAWS.  THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE COMPANY THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY, (B) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE LOCAL LAWS AND REGULATIONS, OR (C) EITHER (1) PURSUANT TO AN AVAILABLE EXEMPTION UNDER THE U.S. SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, UPON RECEIPT BY THE COMPANY OF A LEGAL OPINION (IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY) TO SUCH EFFECT, OR (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE U.S. SECURITIES ACT FOR SUCH SECURITIES.”

The Subscriber has had access to such information regarding the Company as it has deemed necessary in connection with its decision to invest in the Units.

The Subscriber consents to the Company making a notation on its records or giving instruction to the registrar and transfer agent of the Company in order to implement the restrictions on transfer set forth and described herein.

The office or other address of the Subscriber at which the Subscriber received and accepted the offer to purchase the Units is the address listed as the “Subscriber’s Address” on the first page of the Subscription Agreement.

The Subscriber understands and agrees that there may be material tax consequences to the Subscriber of an acquisition, disposition or exercise of any of the Purchased Securities; the Company gives no opinion and makes no representation with respect to the tax consequences to the Subscriber under United States, state, local or foreign tax law of the Subscriber’s acquisition or disposition of such Purchased Securities; in particular, no determination has been made whether the Company will be a “passive foreign investment company” within the meaning of Section 1297 of the United States Internal Revenue Code.

– 2 –

The Subscriber understands and agrees that the certificates representing the Warrants, and all certificates issued in exchange therefor or in substitution thereof, shall bear substantially the following legend:

“THIS WARRANT AND THE SECURITIES DELIVERABLE UPON EXERCISE THEREOF HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES.  THIS WARRANT MAY NOT BE EXERCISED BY OR ON BEHALF OF A U.S. PERSON OR PERSON IN THE UNITED STATES UNLESS THIS WARRANT AND SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE BEEN REGISTERED UNDER THE U.S. SECURITIES ACT AND THE APPLICABLE SECURITIES LEGISLATION OF ANY SUCH STATE OR AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE.  “UNITED STATES” AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE U.S. SECURITIES ACT.”

Dated at _____________________, this _____ day of September, 2006.

__________________________________________

Name of Subscriber

__________________________________________

Signature

__________________________________________

If the Subscriber is a corporation, office or title of signatory

EXHIBIT ”1”

Please check the appropriate box(es), indicating which box(es) applies to the Subscriber.

“accredited investor” means:

		
	c

	(a)

A bank as defined in Section 3(a)(2) of the U.S. Securities Act whether acting in its individual or fiduciary capacity; or

	c

	(b)

A savings and loan association or other institution as defined in Section 3(a)(5)(A) of the U.S. Securities Act, whether acting in its individual or fiduciary capacity; or

	c

	(c)

A broker or dealer registered pursuant to Section 15 of the U.S. Securities Exchange Act of 1934; or

	c

	(d)

An insurance company as defined in Section 2(13) of the U.S. Securities Act; or

	c

	(e)

An investment company registered under the U.S. Investment Company Act of 1940; or

	c

	(f)

A business development company as defined in Section 2(a)(48) of the U.S. Investment Company Act of 1940; or

	c

	(g)

A small business investment company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the U.S. Small Business Investment Act of 1958; or

	c

	(h)

A plan established and maintained by a state, its political subdivisions or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, with total assets in excess of US$5,000,000; or

	c

	(i)

An employee benefit plan within the meaning of the U.S. Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such Act, which is either a bank, savings and loan association, insurance company or registered investment adviser, or an employee benefit plan with total assets in excess of US$5,000,000 or, if a self-directed plan, the investment decisions are made solely by persons who are accredited investors, as defined herein; or

	c

	(j)

A private business development company as defined in Section 202(a)(22) or the U.S. Investment Advisers Act of 1940; or

	c

	(k)

A corporation, a partnership, an organization described in Section 501(c)(3) of the U.S. Internal Revenue Code, or a Massachusetts or similar business trust, not formed for the specific purpose of acquiring the Units, with total assets in excess of US$5,000,000; or

	c

	(l)

A director or executive officer of the Company; or

	c

	(m)

A natural person whose individual net worth (defined as the excess of total assets over total liabilities), or joint net worth with that person’s spouse, at the time of his or her purchase exceeds US$1,000,000; or

	c

	(n)

A natural person who had an individual income in excess of US$200,000 in each of the two most recent years or joint income with that person’s spouse in excess of US$300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year; or

	c

	(o)

A trust, with total assets in excess of US$5,000,000, not formed for the specific purpose of acquiring the Units, whose purchase is directed by a sophisticated person as described under the U.S. Securities Act Rule 506(b)(2)(ii); or

	c

	(p)

An entity in which each of the equity owners satisfies the requirements of at least one of the above categories.

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Dated at _____________________, this _____ day of _____________, 200__.

__________________________________________

Name of Subscriber

__________________________________________

Signature

__________________________________________

If the Subscriber is a corporation, office or title of signatory

SCHEDULE “D”

FORM 4C

CORPORATE PLACEE REGISTRATION FORM

Where subscribers to a Private Placement are not individuals, the following information about the placee must be provided.  This Form will remain on file with the Exchange.  The corporation, trust, portfolio manager or other entity (the “Placee”) need only file it on one time basis, and it will be referenced for all subsequent Private Placements in which it participates.  If any of the information provided in this Form changes, the Placee must notify the Exchange prior to participating in further placements with Exchange listed companies.  If as a result of the Private Placement, the Placee becomes an Insider of the Issuer, Insiders of the Placee are reminded that they must file a Personal Information Form (2A) or, if applicable, Declarations, with the Exchange. 

Placee Information:

Name:  ____________________________________________________________________________________ 

Complete Address:  __________________________________________________________________________

Jurisdiction of Incorporation or Creation: __________________________________________­­­­­­­­­­­­­­________________ 

(a)  Is the Placee purchasing securities as a portfolio manager (Yes/No)? ________ 

(b)  Is the Placee carrying on business as a portfolio manager (Yes/No)? ________, 

If the answer to 2(b) above was “Yes”, the undersigned certifies that:

It is purchasing securities of an Issuer on behalf of managed accounts for which it is making the investment decision to purchase the securities and has full discretion to purchase or sell securities for such accounts without requiring the client’s express consent to a transaction;

it carries on the business of managing the investment portfolios of clients through discretionary authority granted by those clients (a “portfolio manager” business) in ____________________ [jurisdiction], and it is permitted by law to carry on a portfolio manager business in that jurisdiction;

it was not created solely or primarily for the purpose of purchasing securities of the Issuer;

the total asset value of the investment portfolios it manages on behalf of clients is not less than US$20,000,000; and

it has no reasonable grounds to believe, that any of the directors, senior officers and other insiders of the Issuer, and the persons that carry on investor relations activities for the Issuer has a beneficial interest in any of the managed accounts for which it is purchasing

If the answer to 2(a). above was “No”, please provide the names and addresses of control persons of the Placee:

				
	Name

	City

	Province or State

	Country

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

The undersigned acknowledges that it is bound by the provisions of applicable Securities Law, including provisions concerning the filing of insider reports and reports of acquisitions (See for example, sections 87 and 111 of the Securities Act (British Columbia) and sections 176 and 182 of the Securities Act (Alberta).

Acknowledgement - Personal Information

“Personal Information” means any information about an identifiable individual, and includes information contained in sections 1, 2 and 4, as applicable, of this Form.

The undersigned hereby acknowledges and agrees that it has obtained the express written consent of each individual to:

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(a)

the disclosure of Personal Information by the undersigned to the Exchange (as defined in Appendix 6B) pursuant to this Form; and 

(b)

the collection, use and disclosure of Personal Information by the Exchange for the purposes described in Appendix 6B or as otherwise identified by the Exchange, from time to time.

Dated at 

 on

.

__________________________________________

(Name of Purchaser - please print)

__________________________________________

(Authorized Signature)

__________________________________________

(Official Capacity - please print)

__________________________________________

(please print name of individual whose signature

appears above)

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