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                                                                     Exhibit 4.4
                                FIRST DEBENTURE B

NEITHER THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE
CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR
THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER RULE 504 OF REGULATION D PROMULGATED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND IN COMPLIANCE WITH
APPLICABLE STATE SECURITIES LAWS.

US $500,000                                                   September 22, 2003

                 1% CONVERTIBLE DEBENTURE DUE SEPTEMBER 21, 2008

     THIS DEBENTURE of Ophthalmic Solutions, Inc., a Delaware corporation (the
"Company") in the aggregate principal amount of Five Hundred Thousand Dollars
(US $500,000), is designated as its $500,000, 1% Convertible Debenture due
September 21, 2008 (the "Debentures").

     FOR VALUE RECEIVED, except as otherwise provided herein, the Company
promises to pay to HEM Mutual Assurance LLC or its registered assigns (the
"Holder"), the principal sum of Five Hundred Thousand Dollars (US $500,000), on
or prior to September 21, 2008 (the "Maturity Date") and to pay interest to the
Holder on the principal sum at the rate of one percent (1%) per annum. Except as
otherwise provided herein, interest shall accrue daily commencing on the
Original Issuance Date (as defined in Section 1 below) in the form of cash or
common stock of the Company selected by the Holder subject to the provisions of
Section 2(b) hereof, until payment in full of the principal sum, together with
all accrued and unpaid interest, has been made or duly provided for. If at any
time after the Original Issuance Date an Event of Default has occurred and is
continuing, interest shall accrue at the rate of eight percent (8%) per annum
from the date of the Event of Default and the applicable cure period through and
including the date of payment. Interest due and payable hereunder shall be paid
to the person in whose name this Debenture (or one or more successor Debentures)
is registered on the records of the Company regarding registration and transfers
of the Debentures (the "Debenture Register"); provided, however, that the
Company's obligation to a transferee of this Debenture shall arise only if such
transfer, sale or other disposition is made in accordance with the terms and
conditions hereof and of the Convertible Debenture Purchase Agreement (the
"Purchase Agreement") by and between the Company and the Purchaser (as such term
is defined in the Purchase Agreement), dated as of September 22, 2003, as may be
amended from time to time. A transfer of the right to receive principal and
interest under this Debenture shall be transferable only through an appropriate
entry in the Debenture Register as provided herein.

     If the Company in order to consummate a merger (the "Merger") enters into a
merger agreement or similar agreement with other parties (the "Merger
Partners"), the Merger Partners will effective upon the consummation of any such
Merger assume all of the obligations, jointly and

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severally, with the Company, under this Debenture and substitute the Company's
Common Stock, into which this Debenture is convertible, for common stock of such
Merger Partner ("MP Common Stock") including depositing 5,000,000 shares of MP
Common Stock with the Escrow Agent (as defined in the Purchase Agreement). If
and when the Merger occurs, at the time such Merger is effective, the Escrow
Agent will deliver the Company's Common Stock being held in accordance with the
Purchase Agreement and this Debenture to the Company. If the Merger occurs, then
(i) references herein to Company Common Stock shall be references to MP Common
Stock and (ii) any references the Company shall be read as references to the MP
that issued the MP Common Stock as if this Debenture were issued on the date
hereof by the MP that issued the MP Common Stock and the Company shall have no
further obligations to issue shares of Common Stock hereunder. For the benefit
of the Holder, the Company shall use its best efforts to effectuate the
intentions of this paragraph.

     If there is a Merger all of the provisions of this Debenture (specifically
including Section 4) shall be read and interpreted as if this Debenture was
issued by the Merger Partner issuing the MP Common Stock on the date hereof and
this Debenture was initially convertible into MP Common Stock.

     Notwithstanding anything contained herein, in the Purchase Agreement, or in
the Note to the contrary, this First Debenture B shall not accrue interest,
shall not be convertible, and shall not be subject to repayment by the Company
or the Merger Partner, as the case may be, at its maturity, and the Note shall
not be due and payable and shall not be deemed part of the "Purchase Price" for
purposes of Section 4.25 of the Purchase Agreement, unless and until:

          (i)  the closing bid price per share of the common stock of the
               Company or the Merger Partner, as the case may be, has been at or
               above the Fixed Conversion Price (as such term is defined and set
               forth in Section 4(c)(i) of the First Debenture A) for thirty
               (30) consecutive Trading Days at any time from the date hereof
               until the Maturity Date; and

          (ii) the number of Escrow Shares for the aggregate principal amount of
               the First Debenture A and the Second Debenture then outstanding
               and this First Debenture B is at least 200% of the number of
               shares of common stock of the Company or ISV, as the case may be,
               that would be needed to satisfy full conversion of all such
               unconverted Debentures,

provided, however, that if subparagraph (i) is satisfied and subparagraph (ii)
is not, the Company or the Merger Partner, as the case may be, shall increase in
accordance with and subject to the provisions of Section 4.14 of the Purchase
Agreement, the number of Escrow Shares to cover 200% of the number of shares of
common stock of the Company or the Merger Partner, as the case may be, that
would be needed to satisfy full conversion of all of such Debenture pursuant to
the procedures set forth in Section 4.14(e) of the Purchase Agreement; provided,
further, that, notwithstanding the foregoing, this First Debenture B shall not
accrue interest, shall not be convertible, and shall not be subject to repayment
by the Company or the Merger Partner, as the case may be, at its maturity, and
the Note shall not be deemed part of the "Purchase Price" for purposes of
Section 4.25 of the Purchase Agreement, unless and until the Note is paid in
full by the Holder or its successors and assigns.

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     If the Note has not been paid in full by the Holder to the Company (whether
or not it is otherwise then due or payable by its terms), (i) any payments from
the Company to the Holder pursuant to Sections 4.19 and 4.31 of the Purchase
Agreement will be offset by the principal amount of the Note and (ii)
"Debentures" shall specifically refer to First Debenture A, First Debenture B
and the Second Debenture in Sections 4.19 and 4.31 in Purchase Agreement.

     The Company's obligations are subject to compliance with the procedures
relating to the Shareholder Approval Rules contained in Section 4.14(e).

     This Debenture is subject to the following additional provisions:

     Section 1. Definitions. Capitalized terms used and not otherwise defined
herein shall have the meanings given such terms in the Purchase Agreement. As
used in this Agreement, the following terms shall have the following meanings:

     "Adjusted Conversion Price" means the lesser of the Fixed Conversion Price
or the Floating Conversion Price one day prior to the record date set for the
determination of stockholders entitled to receive dividends, distributions,
rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

     "Company" shall mean the Company (as defined in the Purchase Agreement) or
in the event there is a Merger, shall mean such Merger Partner that issues the
MP Common Stock.

     "Common Stock" shall mean the Common Stock (as defined in the Purchase
Agreement) and in the event there is a Merger, shall mean the MP Common Stock
(as adjusted for any reverse splits, forward splits, combination,
reclassification or stock dividend from the date the Purchase Agreement is
signed).

     "Conversion Date" shall have the meaning set forth in Section 4(a) hereof.

     "Conversion Ratio" means, at any time, a fraction, the numerator of which
is the then outstanding principal amount represented by the Debentures plus
accrued but unpaid interest thereon, and the denominator of which is the
conversion price at such time.

     "Depressed Price" shall have the meaning set forth in Section 4(c)(i)
hereof.

     "Fixed Conversion Price" shall have the meaning set forth in Section 4(c)i
hereof.

     "Floating Conversion Price" shall have the meaning set forth in Section
4(c)i hereof.

     "Maximum Conversion" shall have the meaning set forth in Section 4(c)(i)
hereof.

     "Notice of Conversion" shall have the meaning set forth in Section 4(a)
hereof.

     "Original Issuance Date" shall mean the date of the first issuance of this
Debenture regardless of the number of transfers hereof.

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     Section 2. Denominations of Debentures; Interest on Debentures. The
Debentures are exchangeable for an equal aggregate principal amount of
Debentures of different authorized denominations, as requested by the Holder
surrendering the same, but shall not be issuable in denominations of less than
integral multiplies of One Thousand Dollars (US$1,000.00). No service charge to
the Holder will be made for such registration of transfer or exchange.

     Section 3. Events of Default and Remedies.

     I. "Event of Default," when used herein, means any one of the following
events (whatever the reason and whether any such event shall be voluntary or
involuntary or effected by operation of law or pursuant to any judgment, decree
or order of any court, or any order, rule or regulation of any administrative or
governmental body):

     (a) any default in the payment of the principal of or interest on this
Debenture for more than five (5) Business Days after the same shall become due
and payable either at the Maturity Date, by acceleration, conversion, or
otherwise;

     (b) the Company shall fail to observe or perform any other covenant,
agreement or warranty contained in, or otherwise commit any breach of, this
Debenture, and such failure or breach shall not have been remedied within five
(5) Business Days of its receipt of notice of such failure or breach;

     (c) the occurrence of any event or breach or default by the Company under
the Purchase Agreement or any other Transaction Document and , if there is a
cure period, such failure or breach shall not have been remedied within the cure
period provided for therein;

     (d) the Company or any of its Subsidiaries shall commence a voluntary case
under the United States Bankruptcy Code as now or hereafter in effect or any
successor thereto (the "Bankruptcy Code"); or an involuntary case is commenced
against the Company under the Bankruptcy Code and the petition is not
controverted within thirty (30) days, or is not dismissed within sixty (60)
days, after commencement of the case; or a "custodian" (as defined in the
Bankruptcy Code) is appointed for, or takes charge of, all or any substantial
part of the property of the Company or the Company commences any other
proceeding under any reorganization, arrangement, adjustment of debt, relief of
debtors, dissolution, insolvency or liquidation or similar law of any
jurisdiction whether now or hereafter in effect relating to the Company or there
is commenced against the Company any such proceeding which remains undismissed
for a period of sixty (60) days; or the Company is adjudicated insolvent or
bankrupt; or any order of relief or other order approving any such case or
proceeding is entered; or the Company suffers any appointment of any custodian
or the like for it or any substantial part of its property which continues
undischarged or unstayed for a period of thirty (30) days; or the Company makes
a general assignment for the benefit of creditors; or the Company shall fail to
pay, or shall state in writing that it is unable to pay its debts generally as
they become due; or the Company shall call a meeting of its creditors with a
view to arranging a composition or adjustment of its debts; or the Company shall
by any act or failure to act indicate its consent to, approval of or
acquiescence in any of the foregoing; or any corporate or other action is taken
by the Company for the purpose of effecting any of the foregoing;

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     (e) the Company shall default in any of its obligations under any mortgage,
indenture or instrument under which there may be issued, or by which there may
be secured or evidenced, any indebtedness of the Company in an amount exceeding
One Hundred Thousand Dollars ($100,000.00), whether such indebtedness now exists
or shall hereafter be created and such default shall result in such indebtedness
becoming or being declared due and payable prior to the date on which it would
otherwise become due and payable;

     (f) the Company shall have its Common Stock deleted or delisted, as the
case may be, from the AMEX, OTCBB or other national securities exchange or
market on which such Common Stock is listed for trading or suspended from
trading thereon, and shall not have its Common Stock listed or relisted on the
same or another national securities exchange, market, or the OTCBB or have such
suspension lifted, as the case may be, within ten (10) Trading Days of such
deletion or delisting;

     (g) notwithstanding anything herein to the contrary, but subject to the
limitations set forth in the Debentures and Section 4.14 of the Purchase
Agreement, the Company shall fail to deliver to the Escrow Agent share
certificates representing the shares of Common Stock to be issued upon
conversion of the Debentures within five (5) Business Days after to the
Company's receipt of notice from the Escrow Agent to the Company that additional
shares of Common Stock are required to be placed in escrow pursuant to Section
4.14 of the Purchase Agreement, Article 2 of the Escrow Agreement, and/or
Section 4(b) of this Debenture;

     (h) the Company shall issue a press release, or otherwise make publicly
known, that it is not honoring a properly executed and duly delivered Notice of
Conversion complying with the terms of this Debenture, the Purchase Agreement
and the Escrow Agreement, for any reason whatsoever; and

     (i) the Company issues or enters into an agreement to issue any floorless
convertible security, any equity line of credit, or any security issued pursuant
to Rule 504 of Regulation D promulgated under the Securities Act, other than to
the Purchaser or any of its Affiliates or assigns, during the period commencing
on the date hereof and ending on the four month anniversary of the Post-Closing
Date. Except as specifically set forth above, the Company may engage in any
other debt or equity financing during such four month period.

     (j) the Company issues or enters into an agreement to issue additional
equity or debt financings without complying with Section 4.17(b) of the Purchase
Agreement.

     II. (a) If any Event of Default occurs, and continues beyond a cure period,
if any, then the Holder may, by written notice to the Company, accelerate all of
the payments due under this Debenture by declaring all amounts so due under this
Debenture, whereupon the same shall become immediately due and payable without
presentment, demand, protest or other notice of any kind, all of which are
waived by the Company, notwithstanding anything contained herein to the
contrary, and the Holder may immediately and without expiration of any
additional grace period enforce any and all of its rights and remedies hereunder
and all other remedies available to it under applicable law. Such declaration
may be rescinded and annulled by the Holder at any time prior to payment

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hereunder. No such rescission or annulment shall affect any subsequent Event of
Default or impair any right consequent thereon. This shall include, but not be
limited to the right to temporary, preliminary and permanent injunctive relief
without the requirement of posting any bond or undertaking.

     (b) The Holder may thereupon proceed to protect and enforce its rights
either by suit in equity and/or by action at law or by other appropriate
proceedings whether for the specific performance (to the extent permitted by
law) of any covenant or agreement contained in this Debenture or in aid of the
exercise of any power granted in this Debenture, and proceed to enforce the
payment of any of the Debentures held by it, and to enforce any other legal or
equitable right of such Holder.

     (c) Except as expressly provided for herein, the Company specifically
waives all rights it may have (A) to notice of nonpayment, notice of default,
demand, presentment, protest and notice of protest with respect to any of the
obligations hereunder or the shares of Common Stock and (B) notice of acceptance
hereof or of any other action taken in reliance hereon, notice and opportunity
to be heard before the exercise by the Holder of the remedies of self-help,
set-off, or other summary procedures and all other demands and notices of any
type or description except for cure periods, if any.

     (d) As a non-exclusive remedy, upon the occurrence of an Event of Default,
the Holder may convert the remaining principal amount of the Debentures and
accrued interest thereon at the lesser of the Fixed Conversion Price or the
Floating Conversion Price upon giving a Notice of Conversion to the Company.
Except as otherwise provided herein, the Company shall not have the right to
object to the conversion or the calculation of the applicable conversion price,
absent manifest error and the Escrow Agent shall release the shares of Common
Stock from escrow two (2) Business Days after upon notifying the Company of the
conversion.

     III. To effectuate the terms and provision of this Debenture, the Holder
may give notice of any default to the Attorney-in-Fact as set forth herein and
give a copy of such notice to the Company and its counsel, simultaneously, and
request the Attorney-in-Fact to comply with the terms of this Debenture and the
Purchase Agreement and all agreements entered into pursuant to the Purchase
Agreement on behalf of the Company.

     Section 4. Conversion.

     (a) Except as otherwise set forth herein or in the Purchase Agreement, the
unpaid principal amount of this Debenture shall be convertible into shares of
Common Stock at the Conversion Ratio as defined above, and subject to the
Limitation on Conversion described in Section 4.18 of the Purchase Agreement and
subject to the limitation set forth in Section 4.28 of the Purchase Agreement
and in the paragraphs three through five of this First Debenture B following the
paragraph that begin "For Value Received" and provided that the Company shall
never be required to

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issue more than an aggregate of 5,000,000 shares of Common Stock (as adjusted
for stock splits, reverse stock splits and the like) unless such shares are
issued in compliance with all applicable Shareholder Approval Rules (as defined
in the Purchase Agreement), at the option of the Holder, in whole or in part, at
any time, commencing on the Original Issuance Date. Such shares of Common Stock
shall be without any restriction and freely tradable pursuant to Rule 504 of
Regulation D of the Securities Act. Any conversion under this Section 4(a) shall
be for a minimum principal amount of $1,000.00 of the Debentures plus the
interest accrued and due thereon. The Holder shall effect conversions by
surrendering the Debenture to be converted to the Escrow Agent, together with
the form of notice attached hereto as Appendix I ("Notice of Conversion") in the
manner set forth in Section 4(j) hereof. Each Notice of Conversion shall specify
the principal amount of Debentures to be converted and the date on which such
conversion is to be effected (the "Conversion Date") which date shall not be
less than two (2) Business Days after the date on which the Notice of Conversion
is delivered to the Escrow Agent. Subject to the last paragraph of Section 4(b)
hereof, each Notice of Conversion, once given, shall be irrevocable. If the
Holder is converting less than all of the principal amount represented by the
Debentures tendered by the Holder in the Notice of Conversion, the Company shall
deliver to the Holder a new Debenture for such principal amount as has not been
converted within two (2) Business Days of the Conversion Date. In the event that
the Escrow Agent holds the Debentures on behalf of the Holder, the Company
agrees that in lieu of surrendering the Debentures upon every partial
conversion, the Escrow Agent shall give the Company and the Holder written
notice of the amount of the Debentures left unconverted. Upon conversion in full
of the Debentures or upon the Maturity Date, the Escrow Agent shall return the
Debentures and the Escrow Shares, if any, to the Company for cancellation.

     (b) Not later than two (2) Business Days after the Conversion Date, the
Escrow Agent shall deliver to the Holder (i) a certificate or certificates
representing the number of shares of Common Stock being acquired upon the
conversion of the Debentures, and once the Debentures so converted in part shall
have been surrendered to the Company, the Company shall deliver to the Holder
Debentures in the principal amount of the Debentures not yet converted;
provided, however, that the Company shall not be obligated to issue certificates
evidencing the shares of Common Stock issuable upon conversion of the
Debentures, until the Debentures are either delivered for conversion to the
Escrow Agent or the Company or any transfer agent for the Debentures or Common
Stock, or the Holder notifies the Company that such Debentures have been lost,
stolen or destroyed and provides an affidavit of loss and an agreement
reasonably acceptable to the Company indemnifying the Company from any loss
incurred by it in connection with such loss, theft or destruction. In the case
of a conversion pursuant to a Notice of Conversion, if such certificate or
certificates are not delivered by the date required under this Section 4(b), the
Holder shall be entitled, upon providing written notice to the Company at any
time on or before its receipt of such certificate or certificates thereafter, to
rescind such conversion, in which event, the Company shall immediately return
the Debentures tendered for conversion.

     Subject to any limitations set forth in the Purchase Agreement, including
Section 4.14(e), the Company agrees that at any time the conversion price of the
Debentures are such that the number of Escrow Shares is less than 200% of the
Full Conversion Shares, upon five (5) Business Days of the Company's receipt of
notice of such circumstance from the Purchaser and/or the Escrow Agent, the
Company shall issue share certificates in the name of the Purchaser and deliver
the same to the

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Escrow Agent, in such number that the new number of Escrow Shares is equal to
200% of the Full Conversion Shares.

     (c) (i) The conversion price for the Debentures in effect on any Conversion
Date shall be the lesser of (a) one hundred twenty five percent (125%) of the
Fixed Conversion Price (as defined and computed in the First Debenture A) (the
"Fixed Conversion Price") or (b) one hundred percent (100%) of the average of
the three (3) lowest closing bid prices per share of the Common Stock during the
forty (40) Trading Days immediately preceding the Conversion Date (the "Floating
Conversion Price"); provided, however, that the aggregate maximum number of
shares of Common Stock that the First Debenture A, First Debenture B and Second
Debenture may be converted into shall be Five Million (5,000,000) shares (the
"Maximum Conversion"); and further provided, however, that upon the Maximum
Conversion, the Company may, at its option (a) increase the Maximum Conversion
or (b) redeem the unconverted amount of the First Debenture A, First Debenture B
and Second Debenture in whole or in part at one hundred forty percent (140%) of
the unconverted amount of such Debentures being redeemed plus accrued interest
thereon. For purposes of determining the closing bid price on any day, reference
shall be to the closing bid price for a share of Common Stock on such date on
the American Stock Exchange (or such other exchange, market, or other system
that the Common Stock is then traded on), as reported on Bloomberg, L.P. (or
similar organization or agency succeeding to its functions of reporting prices).

          (ii) If the Company, at any time while any of the Debentures are
outstanding, (a) shall pay a stock dividend or otherwise make a distribution or
distributions on shares of its Common Stock payable in shares of its capital
stock (whether payable in shares of its Common Stock or of capital stock of any
class), (b) subdivide outstanding shares of Common Stock into a larger number of
shares, (c) combine outstanding shares of Common Stock into a smaller number of
shares, or (d) issue by reclassification any shares of capital stock of the
Company, the Fixed Conversion Price as applied in Section 4(c)(i) shall be
multiplied by a fraction, the numerator of which shall be the number of shares
of Common Stock of the Company outstanding immediately before such event and the
denominator of which shall be the number of shares of Common Stock outstanding
immediately after giving effect to such event. Any adjustment made pursuant to
this Section 4(c)(ii) shall become effective immediately after the record date
for the determination of stockholders entitled to receive such dividend or
distribution and shall become effective immediately after the effective date in
the case of a subdivision, combination or reclassification, provided that no
adjustment shall be made if the Company does not complete such dividend,
distribution, subdivision, combination or reclassification.

          (iii) If, at any time while any of the Debentures are outstanding, the
Company issues or sells shares of Common Stock, or options, warrants or other
rights to subscribe for or purchase shares of Common Stock (excluding shares of
Common Stock issuable upon the conversion of the Debentures or upon the exercise
of options, warrants or conversion rights granted prior to the date hereof) and
at a price per share less than the Per Share Market Value (as defined in the
Purchase Agreement) of the Common Stock at the issue date mentioned below, the
Fixed Conversion Price shall be multiplied by a fraction, the numerator of which
shall be the number of shares of Common Stock (excluding treasury shares, if
any) outstanding on the date of issuance of such shares, options, warrants or
rights plus the number of shares which the aggregate offering price

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of the total number of shares so offered would purchase at such Per Share Market
Value, and the denominator of which shall be the number of shares of Common
Stock (excluding treasury shares, if any) outstanding on the date of issuance of
such options, rights or warrants plus the number of additional shares of Common
Stock offered for subscription or purchase. Such adjustment shall be made
whenever such options, rights or warrants are issued (and if such adjustment is
made, no further adjustment will be made when such options, rights or warrants
are exercised), and shall become effective immediately after the record date for
the determination of stockholders entitled to receive such options, rights or
warrants. However, upon the expiration of any options, right or warrant to
purchase Common Stock, the issuance of which resulted in an adjustment in the
conversion price designated in Section 4(c)(i) hereof pursuant to this Section
4(c)(iii), if any such options, right or warrant shall expire and shall not have
been exercised, the Fixed Conversion Price shall immediately upon such
expiration be recomputed and effective immediately upon such expiration be
increased to the price which it would have been (but reflecting any other
adjustments in the conversion price made pursuant to the provisions of this
Section 4 after the issuance of such rights or warrants) had the adjustment of
the conversion price made upon the issuance of such options, rights or warrants
been made on the basis of offering for subscription or purchase only that number
of shares of Common Stock actually purchased upon the exercise of such options,
rights or warrants actually exercised. There will be no adjustment under this
Section 4(c)(iii) if Common Stock is issued due to the exercise of (x) employee
stock options that were issued to such employee, or (y) other options, warrants
or rights to subscribe for or purchase that, in any case, are issued at an
exercise or subscription price equal to Per Share Market Value.

          (iv) If, at any time while Debentures are outstanding, the Company
distributes to all holders of Common Stock (and not to holders of Debentures)
evidences of Company indebtedness or assets, or rights or warrants to subscribe
for or purchase any security (excluding those referred to in Section 4(c)(iii)
hereof), then, in each such case, the conversion price at which each Debenture
then outstanding shall thereafter be convertible shall be determined by
multiplying (A) the Fixed Conversion Price in effect immediately prior to the
record date fixed for determination of stockholders entitled to receive such
distribution by a fraction, the numerator of which shall be the Per Share Market
Value of the Common Stock determined as of the record date mentioned above less
the then fair market value at such record date of the portion of such assets or
evidence of indebtedness so distributed applicable to one outstanding share of
Common Stock as determined by the Board of Directors in good faith and the
denominator of which shall be the Per Share Market Value of the Common Stock on
such record date; provided, however, that in the event of a distribution
exceeding ten percent (10%) of the net assets of the Company, such fair market
value shall be determined by a nationally recognized or major regional
investment banking firm or firm of independent certified public accountants of
nationally recognized standing (which may be the firm that regularly examines
the financial statements of the Company) (an "Appraiser") selected in good faith
by the holders of a majority of the principal amount of the Debentures then
outstanding; and provided, further, that the Company, after receipt of the
determination by such Appraiser, shall have the right to select an additional
Appraiser, in which case such fair market value shall be equal to the average of
the determinations by each such Appraiser. In either case the adjustments shall
be described in a statement provided to the Holder and all other holders of
Debentures of the portion of assets or evidences of indebtedness so distributed
or such subscription rights applicable to one share of Common Stock. Such
adjustment shall be made whenever any such distribution is made and shall

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become effective immediately after the record date mentioned above. Holders
shall pay all fees and expenses of any Appraiser selected by them and Company
shall pay all fees and expenses of any Appraiser selected by it.

          (v) All calculations under this Section 4 shall be made to the nearest
1/1000th of a cent or the nearest 1/1000th of a share, as the case may be. Any
calculation equal to or over .005 shall be rounded up to the next cent or share
and any calculation less than .005 shall be rounded down to the previous cent or
share.

          (vi) In the event the conversion price is not adjusted pursuant to
Section 4(c)(ii) or (v), within two (2) Business Days following the occurrence
of an event described therein and, in the case of Section 4c(iv), within three
(3) Business Days following the determination of the fair market value by the
Appraiser(s), the Holder shall have the right to require the Company to redeem
the Debentures at 140% of the Purchase Price and simultaneously pay such amount
and all accrued interest and dividends to the Holder pursuant to the written
instructions provided by the Holder. The Company will have two (2) Business Days
to make the appropriate adjustment from the time the Company is provided with
written notice from the Holder of a failure to comply with this Section 4.

          (vii) Whenever the Fixed Conversion Price is adjusted pursuant to
Section 4(c)(ii),(iii) or (iv), the Company shall within two (2) Business Days
after the determination of the new Fixed Conversion Price mail and fax (in the
manner set forth in Section 4(j) hereof) to the Holder and to each other holder
of Debentures, a notice ("Company Notice of Conversion Price Adjustment")
setting forth the Fixed Conversion Price after such adjustment and setting forth
a brief statement of the facts requiring such adjustment.

          (viii) In case of any reclassification of the Common Stock, any
consolidation or merger of the Company with or into another person, the sale or
transfer of all or substantially all of the assets of the Company or any
compulsory share exchange pursuant to which the Common Stock is converted into
other securities, cash or property, then each holder of Debentures then
outstanding shall have the right thereafter to convert such Debentures only into
the shares of stock and other securities and property receivable upon or deemed
to be held by holders of Common Stock following such reclassification,
consolidation, merger, sale, transfer or share exchange (except in the event the
property is cash, then the Holder shall have the right to convert the Debentures
and receive cash in the same manner as other stockholders), and the Holder shall
be entitled upon such event to receive such amount of securities or property as
the holder of shares of the Common Stock into which such Debentures could have
been converted immediately prior to such reclassification, consolidation,
merger, sale, transfer or share exchange would have been entitled. The terms of
any such consolidation, merger, sale, transfer or share exchange shall include
such terms so as to continue to give to the Holder the right to receive the
securities or property set forth in this Section 4(c)(viii) upon any conversion
following such consolidation, merger, sale, transfer or share exchange. This
provision shall similarly apply to successive reclassifications, consolidations,
mergers, sales, transfers or share exchanges;

          (ix) If:

                                     A2-10

<PAGE>

               (A)  the Company shall declare a dividend (or any other
                    distribution) on its Common Stock; or

               (B)  the Company shall declare a special non-recurring cash
                    dividend redemption of its Common Stock; or

               (C)  the Company shall authorize the grant to all holders of
                    the Common Stock rights or warrants to subscribe for or
                    purchase any shares of capital stock of any class or of
                    any rights; or

               (D)  the approval of any stockholders of the Company shall
                    be required in connection with any reclassification of
                    the Common Stock of the Company (other than a
                    subdivision or combination of the outstanding shares of
                    Common Stock), any consolidation or merger to which the
                    Company is a party, any sale or transfer of all or
                    substantially all of the assets of the Company, or any
                    compulsory share exchange whereby the Common Stock is
                    converted into other securities, cash or property; or

               (E)  the Company shall authorize the voluntary or
                    involuntary dissolution, liquidation or winding-up of
                    the affairs of the Company;

then the Company shall cause to be filed at each office or agency maintained for
the purpose of conversion of Debentures, and shall cause to be mailed and faxed
to the Holder and each other holder of the Debentures at their last addresses
and facsimile number set forth in the Debenture Register at least twenty (20)
calendar days prior to the applicable record or effective date hereinafter
specified, a notice stating (x) the date on which a record is to be taken for
the purpose of such dividend, distribution, redemption, rights or warrants, or
if a record is not to be taken, the date as of which the holders of Common Stock
of record to be entitled to such dividend, distributions, redemption, rights or
warrants are to be determined, or (y) the date on which such reclassification,
consolidation, merger, sale, transfer, share exchange, dissolution, liquidation
or winding-up is expected to become effective, and the date as of which it is
expected that holders of Common Stock of record shall be entitled to exchange
their shares of Common Stock for securities or other property deliverable upon
such reclassification, consolidation, merger, sale, transfer, share exchange,
dissolution, liquidation or winding-up; provided, however, that the failure to
mail such notice or any defect therein or in the mailing thereof shall not
affect the validity of the corporate action required to be specified in such
notice.

     (d) If at any time conditions shall arise by reason of action or failure to
act by the Company, which action or failure to act, in the opinion of the Board
of Directors of the Company, is not adequately covered by the other provisions
hereof and which the Board of Directors of the Company determines in good faith
is likely to materially and adversely affect the rights of the Holder and all
other holders of Debentures (different or distinguishable from the effect
generally on rights of holders of any class of the Company's capital stock), the
Company shall, at least twenty (20) calendar days prior to the effective date of
such action, mail and fax a written notice to each holder of Debentures briefly
describing the action contemplated, and an Appraiser selected by the holders of

                                     A2-11

<PAGE>

majority in principal amount of the outstanding Debentures shall give its
opinion as to the adjustment, if any (not inconsistent with the standards
established in this Section 4 and the terms of the Purchase Agreement and the
Debentures), of the conversion price (including, if necessary, any adjustment as
to the securities into which Debentures may thereafter be convertible) and any
distribution which is or would be required to preserve without diluting the
rights of the holders of Debentures; provided, however, that the Company, after
receipt of the determination by such Appraiser, shall have the right to select
an additional Appraiser, in which case the adjustment shall be equal to the
average of the adjustments recommended by each such Appraiser. The Company shall
pay all fees and expenses of any Appraiser selected under this Section 4(d). The
Board of Directors of the Company shall make the adjustment recommended
forthwith upon the receipt of such opinion or opinions or the taking of any such
action contemplated, as the case may be; provided, however, that no such
adjustment of the conversion price shall be made which, in the opinion of the
Appraiser(s) giving the aforesaid opinion or opinions, would result in an
increase of the conversion price above the conversion price then in effect.

     (e) Subject to the terms and limitations set forth in the Debentures and
the Purchase Agreement, including without limitation, Sections 4.14, 4.28 and
4.33 thereof, the Company covenants and agrees that it shall, at all times,
reserve and keep available out of its authorized and unissued Common Stock
solely for the purpose of issuance upon conversion of the Debentures as herein
provided, free from preemptive rights or any other actual contingent purchase
rights of persons other than the Holder of the Debentures, two (2) times such
number of shares of Common Stock as shall be issuable (taking into account the
adjustments and restrictions of Section 4(c) and Section 4(d) hereof) upon the
conversion of the aggregate principal amount of the outstanding Debentures,
provided, however, that the Company shall not be required to reserve and keep
available any shares pursuant to this Section 4(e) in violation of any
applicable Shareholder Approval Rules. The Company covenants that, subject to
the limitations set forth in this Section 4(e), all shares of Common Stock that
shall be issuable upon conversion of the Debentures shall, upon issuance, be
duly and validly authorized and issued and fully paid and non-assessable.

     (f) No fractional shares of Common Stock shall be issuable upon a
conversion hereunder and the number of shares to be issued shall be rounded up
to the nearest whole share. If a fractional share interest arises upon any
conversion hereunder, the Company shall eliminate such fractional share interest
by issuing to the Holder an additional full share of Common Stock.

     (g) The issuance of a certificate or certificates for shares of Common
Stock upon conversion of the Debentures shall be made without charge to the
Holder for any documentary stamp or similar taxes that may be payable in respect
of the issuance or delivery of such certificate, provided that the Company shall
not be required to pay any tax that may be payable in respect of any transfer
involved in the issuance and delivery of any such certificate upon conversion in
a name other than that of the Holder and the Company shall not be required to
issue or deliver such certificates unless or until the person or persons
requesting the issuance thereof shall have paid to the Company the amount of
such tax or shall have established to the satisfaction of the Company that such
tax has been paid.

     (h) The Debentures converted into Common Stock shall be canceled upon
conversion.

                                     A2-12

<PAGE>

     (i) On the Maturity Date, the unconverted principal amount of the
Debentures and all interest due thereon shall either be paid off in full by the
Company or, if payment in full is not received within two (2) Business Days
after the Maturity Date, convert automatically into shares of Common Stock at
the lesser of the Fixed Conversion Price and the Floating Conversion Price as
set forth in Section 4(c)(i).

     (j) Each Notice of Conversion shall be given by facsimile to the Escrow
Agent no later than 4:00 pm New York time on any Business Day. Upon receipt of
such Notice of Conversion, the Escrow Agent shall forward such Notice of
Conversion to the Company by facsimile by 6:00 p.m. New York time on the day on
which the Escrow Agent receives the Notice of Conversion, at the facsimile
telephone number and address of the principal place of business of the Company.
Any such notice shall be deemed given and effective upon the transmission of
such facsimile at the facsimile telephone number specified in the Purchase
Agreement (with printed confirmation of transmission). In the event that the
Escrow Agent receives the Notice of Conversion after 4:00 p.m. New York time or
the Company receives the Notice of Conversion after 6:00 p.m. New York time on
such day, or the Holder receives the Company Notice of Conversion Price
Adjustment after 6:00 p.m. New York time, any such notice shall be deemed to
have been given on the next Business Day.

     Section 5. Redemption of Debentures. (a) At any time after the Execution
Date, so long as no Event of Default has occurred and, if a cure period is
provided, has not been cured, the Company shall have the option to redeem any
unconverted amount of the Debentures, either in part or whole, upon no less than
thirty (30) days written notice thereof given to the Holder with a copy to the
Escrow Agent (the "Redemption Notice"), at one hundred forty percent (140%) of
the unconverted amount of the Debentures plus accrued interest thereon (the
"Redemption Price"). Notwithstanding anything contained herein to the contrary,
if the Company decides to redeem the outstanding principal amount of the
Debenture under the second proviso in the first sentence of Section 4(c)(i) of
this Debenture, the Company shall have three (3) Business Days from their
decision to redeem the Debenture in order to effectuate the redemption of such
principal amount of the outstanding Debenture.

     (b) Within three (3) Business Days prior to the date fixed for redemption
in the Redemption Notice, the Company shall deposit the Redemption Price by wire
transfer to the IOLA account of the Escrow Agent. Upon receipt of the Redemption
Price, on such redemption date, the Escrow Agent shall release the Redemption
Price to the Holder and return the remaining Debentures, Escrow Shares and
Underlying Shares to the Company.

     (c) In the event that the Company fails to deposit the Redemption Price in
the Escrow Agent's IOLA account number within the time allocated in Section 5(b)
hereof, then the redemption shall be declared null and void.

     Section 6. Intentionally Omitted.

     Section 7. Absolute Payment Obligation; Limitation on Prepayment. Except as
expressly provided herein, no provision of this Debenture shall alter or impair
the obligation of the Company, which is absolute and unconditional, to pay the
principal

                                     A2-13

<PAGE>

of, and interest on, this Debenture at the time, place, and rate, and in the
coin or currency, herein prescribed. This Debenture is a direct obligation of
the Company. This Debenture ranks pari passu with all other Debentures now or
hereafter issued under the terms set forth herein. The Company may not prepay
any portion of the outstanding principal amount on the Debentures except in
accordance with the Purchase Agreement or Sections 4(c)(i) or 5 hereof.

     Section 8. No Rights of Stockholders. Except as otherwise provided herein
or in the Purchase Agreement, this Debenture shall not entitle the Holder to any
of the rights of a stockholder of the Company, including without limitation, the
right to vote on or consent to any action, to receive dividends and other
distributions, or to receive any notice of, or to attend, meetings of
stockholders or any other proceedings of the Company, unless and to the extent
converted into shares of Common Stock in accordance with the terms hereof.

     Section 9. Loss, Theft, Mutilation or Destruction. If this Debenture shall
be mutilated, lost, stolen or destroyed, the Company shall execute and deliver,
in exchange and substitution for and upon cancellation of a mutilated Debenture,
or in lieu of or in substitution for a lost, stolen or destroyed Debenture, a
new Debenture for the principal amount of this Debenture so mutilated, lost,
stolen or destroyed but only upon receipt of an affidavit of such loss, theft or
destruction of such Debenture, and, if requested by the Company, an agreement to
indemnity the Company in form reasonably acceptable to the Company.

     Section 10. Governing Law. This Debenture shall be governed by and
construed and enforced in accordance with the internal laws of the State of New
York without regard to the principles of conflicts of law thereof. Any action to
enforce the terms of this Debenture, the Purchase Agreement or any other
Transaction Document shall be exclusively brought in the state and/or federal
courts in the state and county of New York. Service of process in any action by
the Holder to enforce the terms of this Debenture may be made by serving a copy
of the summons and complaint, in addition to any other relevant documents, by
commercial overnight courier to the Company at its address set forth in the
Purchase Agreement.

     Section 11. Notices. Any notice, request, demand, waiver, consent, approval
or other communication which is required or permitted to be given to any party
hereunder shall be in writing and shall be deemed duly given only if delivered
to the party personally or sent to the party by facsimile upon electronic
confirmation receipt (promptly followed by a hard-copy delivered in accordance
with this Section 12) or three days after being mailed by registered or
certified mail (return receipt requested), with postage and registration or
certification fees thereon prepaid, or if sent by nationally recognized
overnight courier, one day after being mailed, addressed to the party at its
address as set forth in Section 7.3 of the Purchase Agreement or such other
address as may be designated hereafter by notice given pursuant to the terms of
this Section 11.

     Section 12. Waiver. Any waiver by the Company or the Holder of a breach of
any provision of this Debenture shall not operate as or be construed to be a
waiver of any other breach of such provision or of any breach of any other
provision of this Debenture. The failure of the Company or the Holder to insist
upon strict adherence to any term of this Debenture on one or more occasions
shall not be considered a waiver or deprive that party of the right thereafter
to insist upon

                                     A2-14

<PAGE>

strict adherence to that term or any other term of this Debenture in any other
occasion. Any waiver must be in writing.

     Section 13. Invalidity. If any provision of this Debenture is held to be
invalid, illegal or unenforceable, the balance of this Debenture shall remain in
effect, and if any provision is held to be inapplicable to any person or
circumstance, it shall nevertheless remain applicable to all other persons and
circumstances.

     Section 14. Payment Dates. Whenever any payment or other obligation
hereunder shall be due on a day other than a Business Day, such payment shall be
made on the next following Business Day.

     Section 15. Transfer; Assignment. This Debenture may not be transferred or
assigned, in whole or in part, at any time, except in compliance by the
transferor and the transferee with applicable federal and state securities laws.

     Section 16. Fees of Enforcement. In the event any Party commences legal
action to enforce its rights under this Debenture, the non-prevailing party
shall pay all reasonable costs and expenses (including but not limited to
reasonable attorney's fees, accountant's fees, appraiser's fees and
investigative fees) incurred in enforcing such rights.

                            [Signature Page Follows]

                                     A2-15

<PAGE>

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed by an officer thereunto duly authorized as of the date first above
indicated.

                                OPHTHALAMIC SOLUTIONS, INC.

Attest:                         By: /s/ Jehu Hand
        ---------------------       --------------------------------------------
                                    Name: Jehu Hand
                                    Title: President and Chief Executive Officer

                                     A2-16

<PAGE>

                                   APPENDIX I

                              NOTICE OF CONVERSION
                          AT THE ELECTION OF THE HOLDER

(To be Executed by the Registered Holder
in order to Convert the Debentures)

Except as provided by Section 4(b) of the Debentures, the undersigned hereby
irrevocably elects to convert the attached Debenture into shares of Common
Stock, par value $0.001 per share (the "Common Stock"), of Ophthalmic Solutions,
Inc. (the "Company"), or, if a Merger (as defined in the Debenture) has
occurred, into shares of MP Common Stock (as defined in the Debenture) according
to the provisions hereof, as of the date written below. If shares are to be
issued in the name of a person other than undersigned, the undersigned will pay
all transfer taxes payable with respect thereto and is delivering herewith such
certificates and opinions as reasonably requested by the Company in accordance
therewith. A fee of $350 will be charged by the Escrow Agent to the Holder for
each conversion. No other fees will be charged to the Holder, except for
transfer taxes, if any.

Conversion calculations:
                                  ----------------------------------------------
                                  Date to Effect Conversion

                                  ----------------------------------------------
                                  Principal Amount of Debentures to be Converted

                                  ----------------------------------------------
                                  Interest to be Converted or Paid

                                  ----------------------------------------------
                                  Applicable Conversion Price (Pursuant to
                                  Section 4(c)(v))

                                  ----------------------------------------------
                                  Number of Shares to be Issued Upon Conversion

                                  ----------------------------------------------
                                  Signature

                                  ----------------------------------------------
                                  Name

                                  ----------------------------------------------
                                  Address

                                     A2-17Private Label Program Agreement

 Exhibit 4(d) 
  
 THIS AGREEMENT HAS BEEN MODIFIED. MATERIAL HAS BEEN OMITTED FROM THIS AGREEMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND
THAT MATERIAL HAS BEEN FILED SEPARATELY WITH THE OFFICE OF THE SECRETARY OF THE U.S. SECURITIES AND EXCHANGE COMMISSION. A DOUBLE ASTERISK (“**”) MARKS EACH PLACE WHERE INFORMATION HAS BEEN OMITTED FROM THIS AGREEMENT PURSUANT TO SUCH
REQUEST. 
  
 PRIVATE LABEL PROGRAM AGREEMENT

  
 between 
  
 DE LAGE LANDEN INTERNATIONAL B.V. 
  
 and 
  
 OCÉ N.V. 
  

Place: Eindhoven/Venlo 
  
 Date:  November 2002 

 INDEX 
  

	 WHEREAS:
	  	5
		
	 THE PLPA
	  	5
		
	 ARTICLE 1 - INTERPRETATION
	  	5
	 Definitions
	  	5
	 Interpretation
	  	7
	 Annexes and Appendices
	  	8
		
	 ARTICLE 2 - THE PLPA
	  	9
	 The scope of the PLPA
	  	9
	 Territories
	  	9
		
	 ARTICLE 3 - ACCESSION AGREEMENTS
	  	10
		
	 ARTICLE 4 - PRIVATE LABEL
	  	10
		
	 ARTICLE 5 - FINANCIAL PRODUCTS/PROGRAMS, PRICING, DELIVERY, INVOICING AND PAYMENT
	  	10
	 Financial products/programs
	  	10
	 Pricing *
	  	11
	* MATERIAL HAS BEEN OMITTED FROM THIS SECTION OF THE AGREEMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THAT MATERIAL HAS BEEN FILED SEPARATELY WITH THE
OFFICE OF THE SECRETARY OF THE U.S. SECURITIES AND EXCHANGE COMMISSION. A DOUBLE ASTERISK (“**”) MARKS EACH PLACE WHERE INFORMATION HAS BEEN OMITTED PURSUANT TO SUCH REQUEST.
	 Delivery and acceptance
	  	11
	 Transfer of title to the Equipment
	  	11
	 Invoicing and Payment
	  	11
		
	 ARTICLE 6 - TERMINATION AND EXPIRY OF FSC’S
	  	11
		
	 ARTICLE 7 - REMARKETING ON BEHALF OF DLL
	  	12
		
	 ARTICLE 8 - OBLIGATIONS OF THE PARTIES AND THEIR AFFILIATES
	  	13
	 Funding
	  	13
	 @-Once
	  	13
	 Océ’s right to use @-once
	  	14
	 @-once updates, upgrades etc.
	  	14
	 Annual certified confirmation by DLLI
	  	14
		
	 ARTICLE 9 - BUSINESS REVIEW AND ACCOUNT MANAGEMENT
	  	15
		
	 ARTICLE 10 - DURATION
	  	16
		
	 ARTICLE 11 - EARLY TERMINATION
	  	16
	 Early Termination
	  	16
	 Material default
	  	17
	 Orderly rundown
	  	17
	 Mitigation of damage and losses
	  	17
	 Surviving clauses
	  	17
		
	 ARTICLE 12 - SUPPORT BY THE PARTIES
	  	17
		
	 ARTICLE 13 - MISCELLANEOUS
	  	18
	 Guarantee and indemnification’s
	  	18
		
	 ARTICLE 14 - ANNOUNCEMENTS AND CONFIDENTIALITY
	  	19
	 Public announcement
	  	19

	 Confidentiality
	  	20
	 Assignment
	  	21
	 Amendments and waivers
	  	21
	 Entire agreement
	  	21
	 Governing law
	  	21
	 Disputes
	  	21
		
	 ANNEX 1: Financial Products, Programs, Equipment, Non-Equipment
	  	22
		
	* MATERIAL HAS BEEN OMITTED FROM THIS SECTION OF THE AGREEMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THAT MATERIAL HAS BEEN FILED SEPARATELY WITH THE OFFICE OF THE
SECRETARY OF THE U.S. SECURITIES EXCHANGE COMMISSION. A DOUBLE ASTERISK (“**”) MARKS EACH PLACE WHERE INFORMATION HAS BEEN OMITTED PURSUANT TO SUCH REQUEST.	  	 
		
	 Financial Products
	  	22
	 Lease Programs
	  	22
	 Billing programs
	  	22
	 Upgrade programs
	  	22
		
	 ANNEX 2 - Service Level Agreement (template)
	  	33
	 Appendix 1 to the SLA: Process Description
	  	43
	 Appendix 2 to the SLA: Access System Agreement (DRAFT ONLY)
	  	48
		
	 ANNEX 3 - Risk Management Policy    [In accordance with Sections 1.4 and 1.5 of the Agreement, Annex 3 is
for informational purposes only and is not part of the Agreement. Annex 3 contains confidential information of De Lage Landen, and, accordingly, has been omitted from this filing.]
	  	53
		
	 ANNEX 4 - Accession Agreement
	  	54
		
	 ANNEX 5 - Operational Guarantees
	  	57
		
	 ANNEX 6 - Management information Océ
	  	60
		
	 ANNEX 7 - Pricing Grid *
	  	61
		
	* MATERIAL HAS BEEN OMITTED FROM THIS SECTION OF THE AGREEMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THAT MATERIAL HAS BEEN FILED SEPARATELY WITH THE OFFICE OF
THE SECRETARY OF THE U.S. SECURITIES AND EXCHANGE COMMISSION. A DOUBLE ASTERISK (“**”) MARKS EACH PLACE WHERE INFORMATION HAS BEEN OMITTED PURSUANT TO SUCH REQUEST.	  	 
		
	 ANNEX 8 - Protocol migration existing portfolio
	  	62
		
	 A) Method to be used to calculate the value of the lease portfolio*
	  	 
	 B) Structure
	  	 
	 C) Timing
	  	 
	 D) Conditions precedent
	  	 
	
	* MATERIAL HAS BEEN OMITTED FROM THIS SECTION OF THE AGREEMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THAT MATERIAL HAS BEEN FILED SEPARATELY WITH THE
OFFICE OF THE SECRETARY OF THE U.S. SECURITIES AND EXCHANGE COMMISSION. A DOUBLE ASTERISK (“**”) MARKS EACH PLACE WHERE INFORMATION HAS BEEN OMITTED PURSUANT TO SUCH REQUEST.
		
	ANNEX 9 - Payment structure	  	105

 THE UNDERSIGNED: 
  

	1.	 	De Lage Landen International B.V., a private company with limited liability established under the laws of the Netherlands, whose corporate seat is at Eindhoven, The
Netherlands, hereinafter referred to as “DLLI”; 

  

	2.	 	Océ N.V. a public company established under the laws of The Netherlands, whose corporate seat is at Venlo, The Netherlands, hereinafter referred to as
“Océ”; 

  
 Hereinafter the parties
1 and 2 will be jointly referred to as “Parties” and severally as “Party”; 
  
 WHEREAS: 
  

	(A)	 	Océ NV and its subsidiaries are engaged in the engineering, manufacturing, sale, distribution, servicing and maintenance of certain copier, printing and IT-related products,
worldwide; 

  

	(B)	 	DLLI is a major player engaged – worldwide – in asset financing and offering its services through its subsidiaries; 

  

	(C)	 	Parties have extensively discussed ways to achieve their mutual goals being the gain of incremental sales for Océ, by offering a finance package to support the sale of the
equipment manufactured and/or distributed by Océ, thus bringing added value to the End-Users and allowing DLL to offer its financial services to the market via a strong partnership with Océ; 

  

	(D)	 	On December 12th 2001, DLLI and Océ NV
have entered into the LOI to the extent that Parties declared their intention to achieve their mutual goals by means of a joint venture structure; 

  

	(E)	 	On May 31st 2002 DLLI and Océ NV have
entered into the IVLAS setting out interim arrangements anticipating the envisaged co-operation by way of a corporate joint venture structure; 

  

	(F)	 	During the subsequent discussions and negotiations in order to come to a final joint-venture agreement Parties have gained new insights and experience and agreed that co-operation
in the Agreed Territories will be structured in a Private Label Program under the terms and conditions as contained in this PLPA. 

  
 NOW HEREBY AGREE AS FOLLOWS: 
  
 THE PLPA 
  
 ARTICLE 1 - INTERPRETATION 
  
 Definitions 
  

	1.1	 	For the purpose of this Agreement the words and expressions herein below set forth shall have the following meaning: 

  

	Affiliate:	  	with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under direct or indirect

	 	  	common control with such Person; for the purpose hereof, a Person controls another Person if he has control in the meaning of Article 2:24a paragraph 1 of the Dutch Civil Code,
which includes but is not limited to having the power (i) to control a majority of the voting rights in a general meeting of shareholders or partners, either directly or indirectly, or (ii) to appoint or dismiss more than half of the managing
directors.
		
	 Accession Agreement
	  	The agreement as referred to in art. 3.1 of which a template is attached to this PLPA as Annex 4.
		
	 Agreed territory:
	  	Any or all of the following countries: United Kingdom and Ireland, France, Germany, The Netherlands, Belgium and Spain
		
	 Annex:
	  	Any annex to this Agreement
		
	 @Once:
	  	A web based sales tool developed and owned by DLL for which DLL registered the trademark @OnceFinance with the “Benelux Merkenbureau”, the use of which can be granted
through inclusion in the SLA of a license agreement to an OCE Affiliate having entered into an Accession Agreement
		
	 Closing Date:
	  	The day of signing of this Agreement.
		
	 Contract Rate:
	  	The interest rate as applied in the FSC.
		
	 Cost of Funds:
	  	 
		
	 Credit Risk:
	  	The risk that an End User is not able to perform its financial obligations under an FSC always limited to amount financed and interest of the FSC. For sake of clarity, this
excludes any amounts charged to the End User relating to service and maintenance performed and to be performed by Océ under the relevant SLA.
		
	 DLL:
	  	DLLI and/or any of its Affiliates, as appropriate, unless explicitly stated otherwise.
		
	 End User:
	  	The user of Equipment and as such party to a FSC.
		
	 Equipment:
	  	New and used document processing equipment and pertaining accessories and software, and non-equipment to be financed by DLL in accordance with article 5.1 hereof and as further
defined in Annex 1.
		
	 FSC:
	  	The financial services contracts between a DLL Affiliate and an End User with respect to leasing of Equipment, entered into under this PLPA and as further defined in article 5
hereof.
		
	 International
 Executive
 Committee:
	  	The committee, as appointed by the Parties, referred to in article 9 hereof.

		
	 IVLAS
	  	The Interim Vendor Leasing Agreement dated May 31st 2002 and signed between Océ NV and De Lage Landen International BV and/or the Interim Vendor Leasing Agreement UK/Ireland dated 31st May 2002 signed between Océ (UK) Ltd, DLL (UK) Ltd, Océ Finance Ltd (a 100% Affiliate of DLL (UK) Ltd), Océ NV and De Lage Landen International BV and any subsequent extensions
thereof;
		
	 License:
	  	The license in respect of the Océ trademark and logo and intellectual property rights granted by Océ to DLL of even date hereof described in article 4
hereof.
		
	 LOI:
	  	The letter of intent signed on December 12th
2001 between Océ NV and De Lage Landen International BV;
		
	 Non Equipment:
	  	Items to be financed by DLL in accordance with article 5 hereof and as further defined in Annex 1.
		
	 Océ:
	  	Océ and/or any of its Affiliates, as appropriate, unless explicitly stated otherwise.
		
	 Other Specified Territory:
	  	Italy, Switzerland, Poland, Brasil and Australia.
		
	 PLP:
	  	The Private Label Program under this Agreement
		
	 PLPA:
	  	This Private Label Program Agreement
		
	 Rights:
	  	All national and international rights other than the trademarks wherever in the world, whether or not registered in a public register in the relevant country, which are required
for the business of DLL and are owned or held by Océ or licensed to Océ by a third party.
		
	 RMP:
	  	The risk management policy of which the initial version is attached in Annex 3 for information purposes only
		
	 Secret Information:
	  	has the meaning given to it in article 14 hereof.
		
	 SLA::
	  	Each or any service level agreement between a DLL Affiliate and an Océ Affiliate in an Agreed Territory under which the Océ Affiliate agrees to provide specified
services on the basis set out in such agreement. A template of a SLA has been attached as Annex 2.

  
 Interpretation 
  

	1.2	 	Upon signing and closing of this PLPA, this PLPA will replace the LOI. FSC’s entered into by Océ Finance Ltd and End-Users under the IVLAS will be governed by
this PLPA, except where it relates to the pricing grid, as soon as the FSC’s are transferred from Océ Finance Ltd to DLL. Transfer of these FSC’s will take place as soon as 

	 	 
possible. 

  

	1.3	 	In this PLPA unless the context otherwise requires or it is otherwise provided: 

  

	 	(a)	 	references to clauses, paragraphs, schedules and annexes are to be construed as references to clauses or paragraphs of schedules or annexes to this PLPA; 

 

	 	(b)	 	references to this PLPA or to any specified provision of this PLPA or any other document shall be construed as references to this PLPA, that provision or that document as from time
to time amended, and/or supplemented; 

  

	 	(c)	 	references to any party to this PLPA or any other document or any person shall include reference to such party’s or person’s successors and permitted assigns;

  

	 	(d)	 	references to a “person” shall include bodies corporate, partnerships, unincorporated associations, natural persons, sovereign states and agencies or executive bodies
thereof (including governments); 

  

	 	(e)	 	a reference to an enactment is a reference to that enactment as already amended and includes a reference to any repealed enactment which it may re-enact, with or without amendment,
and to any future re-enactment and/or amendment or consolidation of it; 

  

	 	(f)	 	references to the singular shall include the plural and vice versa; 

  

	 	(g)	 	references to “including” and “in particular” shall not be construed restrictively but shall mean “including, without limitation to the generality of the
foregoing” and “in particular, but without limitation to the generality of the foregoing” respectively; 

  

	 	(h)	 	references to “law” shall include any present or future common law, statute, statutory instrument, treaty, regulation, directive, order, decree, other legislative measure,
code, circular, notice, demand or injunction, including those with which it is customary for persons to whom it is directed to comply even if compliance is not mandatory; 

  

	 	(i)	 	references to one gender shall include all genders; and 

  

	 	(j)	 	headings are inserted for convenience only and shall be ignored in construing this PLPA. 

  

	 	(k)	 	English language words used in this PLPA intend to describe Dutch legal concepts only and the consequences of the use of those words in English law or any other foreign law shall be
disregarded. 

  
 Annexes and Appendices 
  

	1.4	 	Any Annex and appendix referred to in this PLPA, forms an integral and inseparable part of this PLPA, with the exception of Annexes 2, 3, and 4, which annexes have been
attached hereto for information purposes only. 

  

	1.5	 	Annex 3 is considered to be an initial policy document for DLL for which DLL reserves the right to modify it at any moment at her discretion, such modification not having any
influence on the PLPA. 

  

	1.6	 	Annex 7 is considered to be an initial policy document for DLL for which DLL reserves the right to modify the Spread as referred to in Annex 7, such modification not having any
influence on the PLPA other than the stipulation under article 14.3, with the 

	 	 
understanding that the Spread as referred to in Annex 7 will not be modified by DLL during the first 12 (twelve) months after Closing Date.

  
 ARTICLE 2 - THE PLPA  
  
 The scope of the PLPA 
  

	2.1	 	The Parties herewith enter into a PLPA operation by means of close co-operation in order to achieve mutual goals: 

  

	    	 	increase sales for Océ, by offering a finance package to support the sale of the Equipment and Non Equipment, by bringing added value to their End-Users; allowing DLL to
offer its financial services to the End-Users via a close partnership with Océ (the “Private Label Program”). 

  

	    	 	DLL will not offer - under this Private Label Program - operational leases as defined under US GAAP and IAS. The Private Label Program will only be related to business-to-business
financing. 

  

	2.2	 	The Parties will use their best endeavours to migrate the legal and beneficiary ownership of the existing portfolio of financial leases (thus including the Equipment) of the
Océ Affiliates or Océ Leasing Companies to DLL in the Agreed Territories under final terms and conditions to be agreed uponThe migration and method of assessment of the lease-portfolio will be done along agreed principles regarding,
amongst other, assessment and valuation, legal instruments as further outlined in Annex 8 hereto. Notwithstanding the above, before signing of the Accession Agreement, Parties shall have consensus on the transfer of the lease-portfolio of the
Océ Affiliate involved as well as on the financial consequences of such accession. 

  

	2.3	 	Consensus as referred to in article 2.2 will include, but not be limited to: 

  

	    	 	method and timing of the transfer (or not) of the lease-portfolio to DLL; in light of EU directives 87/187, 98/50 and 2001/23 and pertaining local laws on the transfer of an
undertaking, if and when such apply, the consequences for the Océ employees, the Océ Affiliate and the DLL Affiliate involved as well as the financial consequences thereof, in as far as these consequences deviate from the general
indemnification given by Océ as referred to in article 13.1. 

  
 Territories 
  

	2.4	 	The PLPA will relate to the Agreed Territories. The Parties will agree upon an implementation/roll out scenario in respect of The Agreed Territories, subject to the advice of
relevant workers councils or similar bodies, as and if applicable. 

  

	2.5	 	The Parties aim for the PLP to be ready for facilitating new business as soon as possible after Closing Date. Océ-Affiliates and DLL-Affiliates will liase and agree upon a
commencement date, to be confirmed by Océ NV and DLLI. 

  

	2.6	 	Within two months from the Closing Date the parties will jointly perform a feasibility study in order to establish whether a co-operation in the Other Specified Territories
is financially and commercially viable. Océ will during this feasibility study as indicated in this article with regard to the Other Specified Territories, not enter into or render their co-operation to any agreement with any third party
similar to this PLPA until such feasibility study has been finalised and the conclusion is that there will be no co-operation. 

  

	2.7	 	If and when Océ intends to outsource its leasing activities in any other country than the Agreed Territories or the Other Specified Territories, including but not limited to
the United States of America and Canada, Océ will timely invite DLL to make a detailed offer for co-operation. 

 ARTICLE 3 - ACCESSION AGREEMENTS 
  

	3.1	 	Before or at the start of the PLP’s business in a new Agreed Territory, the Océ Affiliate and the DLL Affiliate involved will enter into an agreement (“Accession
Agreement”) by which they commit to adhere to the terms and conditions of this PLPA. The template of an Accession Agreement has been attached as Annex 4. Such Accession Agreements need to be approved and countersigned by the
Parties. 

  

	3.2	 	An Accession Agreement may contain deviations from or supplements to the PLPA as the Parties may convene. Any deviation from or supplement to the PLPA, which has not been approved
and counter-signed by the Parties, shall be considered null and void. 

  

	3.3	 	The Océ Affiliate which is party to an agreement of sale- and purchase of an existing leasing-portfolio will be required to represent and warrant that DLL acquiring such
portfolio will obtain unencumbered legal title to the Equipment and End User contracts purchased by it. 

  
 ARTICLE 4 - PRIVATE LABEL 
  

	4.1	 	The Parties have agreed that this PLPA will be executed and marketed under the private label “Océ Finance” plus the name of the country involved. This means
that invoices, agreements, letterhead and the like will display the Océ logo and will mention “Océ Finance [country].” as trading name licensed to DLL by Océ N.V. DLL will, prior to the use of above mentioned
documents, ask for approval of Océ with respect to the format and lay out of the documents. 

  

	    	 	DLL is aware that the rights to the name Océ and the Océ logo belong to Océ, and that the name may only be used in the context and execution of the PLPA and
Accession Agreements and as long as this PLPA and the Accession Agreements are in force, including the run down period following a termination. 

  

	    	 	Océ reserves the right to withdraw DLL’s license to use Océ’s tradenames and logos or make such subject to further terms and conditions, with immediate
effect if and when DLL makes improper use thereof. 

  
 ARTICLE 5 - FINANCIAL PRODUCTS/PROGRAMS, PRICING, DELIVERY, INVOICING AND PAYMENT 
  
 Financial products/programs 
  

	5.1	 	DLL will offer financing products and programs to End-Users of the Equipment and Non Equipment, as further defined in Annex 1. In the Accession Agreements it may be
agreed upon to in- or exclude one or more programs to be offered in the relevant Agreed Territory. 

  

	5.2	 	DLL will directly with End Users enter into a FSC with respect to leasing of Equipment and Non-Equipment. 

  

	    	 	The FSC will concern capital leases or other sales-type leases or direct financing leases as defined in SFAS 13 paragraphs 7-8 (as amended from time to time) and IAS 17 paragraphs
5-11, as further defined in Annex 1.The FSC may provide for service and maintenance of the Equipment and Non Equipment (“all-in contract”). In an “all-in contract” the service and maintenance will be provided under
the SLA by the relevant Océ Affiliate on behalf of DLL to the End User. 

  

	5.3	 	Océ will not provide recourse for credit risk on the End-User contained in new or existing contracts, nor for economic risks related to the RV. Any and all credit
enhancements must be arranged by, or on behalf of, the End-User. 

	 	 
DLL will upon credit acceptance assume the Credit Risk on the End-User under a new or – upon migration to DLL - existing FSC.

  
 Pricing 
  

	5.4	 	* MATERIAL HAS BEEN OMITTED FROM THIS SECTION OF THE AGREEMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THAT MATERIAL HAS BEEN FILED SEPARATELY WITH THE OFFICE OF
THE SECRETARY OF THE U.S. SECURITIES AND EXCHANGE COMMISSION. A DOUBLE ASTERISK (“**”) MARKS EACH PLACE WHERE INFORMATION HAS BEEN OMITTED PURSUANT TO SUCH REQUEST. 

  

	    	 	As per the Closing Date DLL will apply a Contract Rate which is built up as follows: 

  

	 	1)	 	the Base Rate. 

  
 The Base Rate will be an effective rate in accordance with market conventions of the currency involved and the interest calculation conventions of that
currency. For payment frequencies other than the related convention, the monthly or quarterly rate will be calculated in such a way that the effective rate is equal to the rate mentioned in the preceding sentence. 
  
 The Base Rate will be increased by 
  

	 	2)	 	the Margin, being **. 

  
 Quarterly the Margin may be increased with ** —on a country by country basis—if and when less than **. This will be measured per country, on the
last day of the month of a three-months period starting from the first anniversary of the relevant Accession Agreement. 
  
 If and when at the day of measurement ** make ** or more of the total portfolio, the surcharge of ** will be withdrawn. 
  
 The Base Rate and the Margin will be increased by 
  

	 	3)	 	the Spread. 

  
 The Spread depends on ** as further defined in Annex 7. 
  
 The Contract Rates and as a consequence the lease rate factors in the systems and the lease rate factors sheet (hard copy) for the sales executives of Océ will be adjusted: 
  
 – in case of Base Rate movements of more than ** consistently for at
least 10 days, either up or down; 
  
 – in case of an
adjustment of the Margin or the Spread. 
  
 DLL shall provide
appropriate financing documentation suitable for the Agreed Territories, incl. but not limited to contract forms and lease-rate factor sheets. 
  
 Delivery and acceptance 
  

	5.5	 	The acceptance of the FSC and the equipment subject to it by the End-User is construed by the so-called “deemed acceptance” clause in the FSC with the End-User.

  
 Transfer of title to the Equipment 
  

	5.6	 	Océ shall procure that full and unencumbered title to each item of Equipment, which has been sold to DLL and which will be the subject of the FSC between DLL and the
End-User, shall pass to DLL upon delivery by Océ. 

  
 Invoicing and Payment 
  

	5.7	 	DLL will perform the invoicing, collection and dunning in relation to and in accordance with the FSC’s. DLL will expeditiously make relevant payments to the Océ
Affiliate, as further defined in the Annex 9. 

  

	5.8	 	Service and maintenance of the Equipment and supply of Non Equipment will be provided on behalf of DLL by the Océ Affiliates under a SLA. 

  

	5.9	 	The terms and conditions of the FSC’s shall be defined by DLL. 

  
 ARTICLE 6 - TERMINATION AND EXPIRY OF FSC’S 
  

	6.1	 	At the expiration of the term of a FSC or at the earlier occurrence of an early termination by the End-User without at the same time entering into a new FSC or at the
insolvency of an End-User and provided that title to the Equipment has not passed to the End-User, Océ shall have the first right of refusal, but not the obligation to purchase the Equipment - as is where is - at a price equal to the fair
market value of the Equipment. 

  

	6.2	 	If an End-User wishes to terminate a FSC prematurely whilst entering at the same time into a new FSC with DLL, Océ shall have the first right of refusal, but not the
obligation to purchase the FSC and/or the Equipment - as is where is - at a price equal to the fair market value of the FSC and/or the Equipment. 

  

	6.3	 	If an End-User wishes to terminate a FSC prematurely during a run-down period, Océ shall have the first right of refusal, but not the obligation to purchase the FSC
and/or the Equipment - as is where is - at a price equal to the fair market value of the FSC and/or the Equipment. 

	6.4	 	In case of automatic extension of FSC’s with a maximum of one year, leaving unchanged the Equipment (incl. whole or part of the Non-Equipment) and the amount of the periodic
payments, DLL will continue to invoice and collect. Lease payments received under such extension over and above the RV will be divided between DLL and Océ allowing for DLL a fair share for invoicing and collection services and Océ to
receive fair value remuneration for the extensions of the software-licenses included. The remainder will be divided between DLL and Océ. 

  
 Disputes (as a result of non-performing of Equipment or Non Equipment) 
  

	6.5	 	If the End-User has not paid the leasing fee within sixty (60) days after due date for (alleged) cause of non-performance of the Equipment or Non-Equipment, DLL will at
Océ’s request stall the dunning process and Océ is in such cases bound to: either (i) purchase the FSC at a price equal to the Net Outstanding increased with arrears and late charges, if any, or (ii) compensate DLL by means of
cure-payments with a maximum of four (4) instalments or six (6) months (whichever covers the shortest period) which will include arrears and late charges (including interest), if any, or (iii) reimburse DLL for any reduction granted to the End-User
in respect of its payment obligations under a FSC. If a solution with the End-User resulting in an explicit acceptance of delivery is not reached after a period of the mentioned 4 instalments or 6 months, or so much earlier as it is clear that such
a situation will not be reached, then the dunning and collection procedures of DLL will resume. If and when in the ultimate event of litigation between DLL and the End-User, the competent court decides that the End-User was rightfully withholding
monies for cause of non-performance of Equipment or Non-Equipment, then Océ will compensate DLL for losses and damages. 

  

	6.6	 	Payments received by DLL from the End-User whilst DLL also receiving cure payments from Océ these cure-payments will be remitted to Océ to the extent of the
amount received over and above the amounts DLL is entitled to according the FSC. 

  
 ARTICLE 7 - REMARKETING ON BEHALF OF DLL 
  

	7.1	 	If and when Océ does not exercise its right of first refusal referred to under article 6.1, 6.2 and 6.3 hereof, then Océ will offer to use its best endeavours to
remarket the Equipment for and on behalf of DLL. Such offer to remarket will include a written estimate, together with appropriate documentation relating thereto, of its reasonable and customary costs of repossession, repair, refurbishment
(including software licenses and upgrades), storage, recertifying and remarketing and sales expenses and commission payments (“Out-Of-Pocket-Costs”). Based upon this offer and any subsequent discussions, DLL may give Océ
instructions to remarket. 

  

	7.2	 	Océ shall have a one hundred and eighty (180) day period or such other period as Océ and DLL may agree from the date of the expiry or termination of the term of the
FSC (such period being the “Remarketing Period”) in which it will remarket the Equipment on a non-discriminatory and best endeavours basis. In performing its remarketing responsibilities hereunder: 

  

	 	(a)	 	if so instructed in accordance with article 7.1 hereof, Océ will refurbish the Equipment and make available maintenance services (which shall include upgrading the Equipment
with its most recent available upgrades to software and hardware where DLL considers it being economic to do so) applicable to its existing configuration, to DLL at no greater price than Océ would otherwise offer its most favoured End-Users
and, at Océ’s sole discretion, market the Equipment to any subsequent purchaser or lessee of Equipment at Océ’s then current market prices. 

  

	 	(b)	 	Océ will warrant that the Equipment that is delivered to purchasers or lessees will be in good working order, condition and repair, conforming to specifications

	 	 
according to Océ’s current warranty policy (if any) for used or refurbished equipment and meets all applicable standards established by any
applicable governmental entity. Océ shall not make any representation or warranty binding on DLL. 

  

	 	(c)	 	Océ will not agree to any sales price or lease payment structure nor will it approve any credit application to be financed by DLL without the prior written consent of DLL.

  

	 	(d)	 	Océ shall take whatever steps are necessary, including assigning or licensing any software, to enable remarketing of the Equipment to a subsequent purchaser or lessee of such
Equipment. 

  

	 	(e)	 	Océ may, with the prior written consent of DLL, appoint an agent to perform its obligations under this article 7, provided that such appointment shall not relieve Océ
from its obligations to DLL under this article 7. 

  

	7.3	 	If Océ is able to sell the Equipment on behalf of DLL to a third party during the Remarketing Period, the remarketing proceeds will be distributed in the following manner:

  

	    	 	In the event Océ is able to remarket the Equipment on behalf of DLL by way of DLL entering into a new FSC, the investment price will be considered to be the remarketing
proceeds and distributed in the above mentioned manner. 

  

	7.4	 	If Océ is unable to remarket the Equipment during the Remarketing Period then, unless the Parties agree to extend the Remarketing Period, DLL may sell the Equipment for its
own account. Any sale proceeds received by DLL from the sale of the Equipment will be distributed in the following manner: 

  
 ARTICLE 8 - OBLIGATIONS OF THE PARTIES AND THEIR AFFILIATES 
  

Funding 
  

	8.1	 	The lease-portfolio will be funded by DLL in accordance with its funding policies 

  

	8.2	 	If and when DLL refuses an End-User or a FSC on the grounds of doing other business with that End-User, implying that that End-User has exceeded a total credit risk or on the
grounds that the branch of industry in which such End-User is engaged may not be creditworthy, then DLL is entitled to act as a broker to find another financing company for that End-User or FSC, in which event DLL will remain the point of contact
with Océ. 

  
 @-Once 
  

	8.3	 	The co-operation between the Parties is based on the premise that Océ will use DLL’s web-based sales tool @-Once. To that purpose Océ will enter into a
separate license agreement related thereto, a template of which has been attached as appendix 2 to the SLA (Annex 2). 

  

	8.4	 	@-Once and its contents are owned by DLL, which retains the right to continue developing and modifying @-Once. DLL shall keep @-Once in operation during such times as agreed
in the SLA. DLL will supply proper backup systems in case of any failure of @-Once. 

  

	8.5	 	DLL’ responsibility for providing compensation for faults or deficiencies in @-Once is limited to EURO per event. Such compensation for damage will only be paid if the
damage can be shown to have been the result of carelessness on DLL’ part, and if Océ, acting in good faith was not able, within reason, to avoid said damage 

	8.6	 	DLL is obliged to make sure that codes and passwords are stored in a secure way, are kept confidential and that unauthorised persons are not granted access to them. DLL’
responsibility in this respect extends not only to their own personnel, but to subcontractors and other suppliers/consultants under their contract or in their employ. 

  
 Océ’s right to use @-once 
  

	8.7	 	Océ has the right to use @-Once only within the framework of the PLP, and in accordance with the instructions submitted and the authorisation granted.

  

	8.8	 	Océ is responsible for providing the technical equipment required, i.e., the correct interface, etc., to be able to use @-Once’s functionality. Océ is
obliged to make sure that codes and passwords are stored in a secure way, are kept confidential and that unauthorised persons are not granted access to them. 

  

	8.9	 	Océ’s responsibility in this respect extends not only to their own personnel, but to subcontractors and other suppliers/consultants under their contract or in
their employ. Any reasonable suspicion of misuse on Océ’s part can cause Océ to be barred from using @-Once. 

  
 @-once updates, upgrades etc. 
  

	8.10	 	DLL will notify Océ on a continuous basis about modifications in @-Once’s functionality and revisions of the routines for its use. Océ will provide information to
DLL about the employees who should be given authorisation, on Océ’s behalf, to use @-Once. DLL must be informed in good time of any changes in personnel or authorisations. Before submitting information to DLL about a new user, Océ
must obtain the user’s consent to allow his/her name and organisational designation to be registered so that he/she may use @-Once. 

  
 Annual certified confirmation by DLLI 
  

	8.11	 	For the purpose of enabling Océ to comply with its statutory and/or regulatory reporting and disclosure obligations DLLI will: 

  

	 	-	 	before signing of each Accession Agreement, provide Océ NV with the most recent certified public financial statements of the DLL-Affiliate involved. If no such financial
statements are available or are older than 1 (one) year, then DLLI will provide on a strictly confidential basis Océ and its external auditors with all information readily available within DLL to the extent necessary as determined by
Océ and its external auditors. The above information will also contain DLL’s external auditor’s confirmation (the “Confirmation”) of the respective DLL Affiliate not qualifying as a ‘Special Purpose Entity’ under
US-GAAP (Consolidation of Certain Special-Purpose Entities, an Interpretation of ARB 51.) and IAS but being a ‘Substantive Operating Entity’, whereby it will be understood that the Confirmation cannot be a substitute for any other
procedure Océ NV or its external auditor may have to perform to assess that the DLL-Affiliate is a “Substantive Operating Entity”; 

  

	 	-	 	at the latest six months after closing of each financial year provide to Océ NV certified public financial statements of the DLL-affiliates involved;

  

	 	-	 	each calender year allow and instruct its external auditor to reconfirm to Océ NV, at any date between December 1st of that year and January 10th of the next year, the
Confirmation and that in the period between the balance sheet date of the latest available certified public financial statements and prior to November 30th of that calendar year, no material changes have taken place with regard to each of the
DLL’s Affiliates party to an Accession Agreement in respect of their organisation, structure or business methods. 

  

	 	-	 	Allow and instruct its external auditor to co-operate with Océ’s external auditor to enable Océ NV’s external auditor to review KPMG working papers
underlying their confirmation with the objective to enable Océ NV and its external auditor to independently form an opinion whether each DLL Affiliate 

	 	 
being party to an accession agreement does not qualify as a ‘Special Purpose Entity’ under US-GAAP (Consolidation of Certain Special-Purpose
Entities, an Interpretation of ARB 51.) and IAS; 

  

	 	-	 	if and immediately when foreseen or occurring, inform Océ NV about any change in DLL’s organisation, structure, business methods or otherwise, which might have
implications for Océ’s statutory and US reporting or disclosure obligations. 

  
 DLL is entitled to charge Océ with the costs of the involvement of its external auditor with respect to activities related to this article.

  
 ARTICLE 9 - BUSINESS REVIEW AND ACCOUNT MANAGEMENT

  

	9.1	 	DLL and Océ N.V. will each appoint 3 employees who will jointly serve as the primary management contact between Océ N.V. and DLL under the PLPA (the
“International Executive Committee” or “IEC”). 

  

	9.2	 	On local level DLL’s country managers and Océ’s representatives will meet in a “Business Review Meeting” as often as business requires to discuss
operational, marketing, system, reporting and other operational issues. 

	    	 	To that purpose in each Agreed Territory the respective DLL Affiliate and Océ Affiliate will appoint a local program manager (“LPM”). 

	    	 	Business Review Meeting will be chaired by the DLL LPM. 

  

	9.3	 	The International Executive Committee and the Business Review Meeting will be charged with the regular and on-going monitoring and management of the relationship between the
End-Users, Océ and DLL under the PLPA and any FSC, including compliance by the parties with the specific provisions of this PLPA and the Accession Agreements. 

  

	9.4	 	The International Executive Committee will meet at least 4 times a year. 

  

	9.5	 	Each Party will appoint an International Program Manager (“IPM”). The IPMs will operate as first points of contact with the International Executive Committee and they will
liase and meet as often as business requires. 

  

	9.6	 	The Business Review Meeting will discuss guidelines for the work, make decisions regarding campaigns, identifying incentives, introducing new products, etc., but may not
agree on any amendment of this PLPA or any Accession Agreement. 

  

	9.7	 	DLL will supply the local Business Review Meetings and the meetings of the International Executive Committee with regular and up to date management information in order to
give these meetings a meaningful content. 

  

	9.8	 	As clarification it is hereby understood that new financial products (different from the Financial Products defined in Annex 1) offered to an Océ affiliate should need
consultation with the International Executive Committee, prior to implementation. 

  
 International Executive Committee 
  

	9.9	 	As from the Closing Date the following persons will act as initial IEC members: 

  

	    	 	For Océ N.V.: 

	    	 	Messrs. Jan van den Belt, Willem Roos and Ward van den Dungen (also Océ’s IPM ) 

  

	    	 	For DLL:. Messrs. Ab Gillhaus, Leo van den Dungen and René van Rooij. IPM [to be nominated as soon as possible but not later than 2 months after Closing Date]

 ARTICLE 10 - DURATION 
  

	10.1	 	This PLPA will come into force on the date hereof (“Closing Date”) and will be valid until terminated or amended with 12 month’s prior written notice. Such notice may
not be given within 48 (forty-eight) months after Closing Date, this leading to an initial fixed term of this PLPA of 5 (five) years hereinafter referred to as the “Initial Period”. 

  

	10.2	 	A Party may give notice for one or more Accession Agreements or for this PLPA. If a Party gives notice for the PLPA, such notice and subsequent termination will be effective
against all Parties and will include the entire PLPA and all pertaining Accession Agreements. 

  

	    	 	Notice given for one Accession Agreement does not affect the other Accession Agreements. 

  

	10.3	 	In the event of termination the following may occur: 

  

	 	-	 	Extension on revised conditions as agreed by both Parties; or, 

  

	 	-	 	Orderly run-down of the portfolio; 

  

	 	-	 	the Parties agree on DLL transferring the FSC’s and the underlying Equipment and Non- Equipment to Océ. 

  

	10.4	 	Within 120 calendar days after the date that notice has been given, the Parties shall have reached agreement on which of the above alternatives shall apply. If such agreement may
not have been reached, or as soon as Parties have agreed to do so, the portfolios under each Accession Agreement will be orderly run down. 

  
 ARTICLE 11 - EARLY TERMINATION  
  
 Early Termination 
  

	11.1	 	Notwithstanding anything contained in article 10.1, early termination of the Accession Agreement respectively the PLPA may occur in any one of the following events:

  
 (i) as defined under articles 11.2, 11.3, 11.4,
12.2 and 12.5; 
  
 (ii) Material default of any of the Parties
(“toerekenbare tekortkoming, waardoor van de andere partij in redelijkheid niet langer gevergd kan worden deze overeenkomst te continueren”); 
  
 (iii) Océ withdrawing - during the Initial Period - DLL’s first right of refusal in respect of FSC’s, as further outlined in article
14.3. In such case DLL may give Océ 12-month notice of termination. Article 10.2 - 10.3 will apply. 
  

	11.2	 	In the event that during the term of this PLPA either (i) DLL or any of the DLL Affiliates party to an Accession Agreement finds itself in a restructuring or chooses to restructure
itself, which restructuring has implications for Océ’s reporting or disclosure obligations with regard to this PLPA, or (ii) generally accepted accounting principles relevant for Océ change Océ’s reporting or
disclosure obligations with regard to this PLPA, or (iii) information provided to Océ by DLL or its external auditors under article 8.11 has implications for Océ’s reporting or disclosure obligations, then the Parties will
renegotiate the terms and conditions of the PLPA. 

  

	    	 	It is Océ’s sole discretion to assess, which assessment requires written confirmation of Océ’s external auditor, whether or not events indicated herein may
have implications for Océ’s reporting or disclosure obligations. 

  

	    	 	If these negotiations do not lead to a satisfactory result within 90 days after commencement of the renegotiations then the parts of the PLP concerned will be terminated by way of a
transfer of the FSC’s at fair terms and conditions to be stipulated by an independent professional 3rd party to
be appointed by the Parties. 

  

	11.3	 	In the event that Parties are compelled to cease or amend this PLPA, or any Accession Agreement thereunder, by a binding, non-appealable decision of a national or Supranational
antitrust authority or by a non-appealable court order rendered on the request of a third party, Parties shall negotiate in good faith to amend the part of the PLPA concerned, to meet such a decision or order. If these negotiations do not

	 	 
lead to a satisfactory result within 90 days after commencement thereof and article 10.2-10.3 will apply. 

  

	11.4	 	Change of Control in respect of one of the Parties will be considered an early termination event if and when such will have a material adverse effect on the business of the other
Party and/or the PLPA, such to be decided at the sole discretion of that other Party, and communicated to the other Party within 90 days after the occurrence of the Change of Control. The Accession Agreements and - if applicable - this PLPA as a
result of Change of Control may be terminated with a notice period of 90 days and art. 10.2 -10.3 will apply. 

  
 Material default 
  

	11.5	 	In the event of material default of either Party as indicated under article 11.1 (ii) hereof having being determined by means of an non-appealable court order or an agreement
between the Parties, termination of the Accession Agreements and - if applicable - this PLPA can be terminated with observance of a notice period of 90 days and art 10.2-10.3 will apply. 

  
 Orderly rundown 
  

	11.6	 	Until the last FSC of a portfolio in an orderly rundown has expired or has been terminated, the DLL and Océ Affiliates involved will continue their support services under the
SLA, at the same terms and conditions. 

  
 Mitigation of damage
and losses 
  

	11.7	 	Either Party will exercise due influence to mitigate damages or losses of the other Party. 

  
 Surviving clauses 
  

	11.8	 	The provisions of this PLPA will remain in force until the moment on which all of the FSC’s have been expired or transferred to Océ. 

  

	    	 	The provisions of Article 14.2 (confidentiality) will continue to apply for a further period of two years after the moment indicated here above. 

  
 ARTICLE 12 - SUPPORT BY THE PARTIES 
  

	12.1	 	The Parties will procure - in their capacity as ultimate shareholder - that their Affiliates will abide to and comply with the terms and conditions of this PLPA and the Accession
Agreement to which such Affiliate is a party. 

  

	12.2	 	Océ-Technologies BV and Océ Printing Systems GmbH, being the two manufacturing companies will guarantee obligations of Océ towards DLL. The guarantee has been
attached hereto as Annex 5. 

  

	    	 	At the latest six months after closing of every financial year i) Océ Interholdings BV, being 100% shareholder of Océ-Technologies BV (and having issued an article
2:403 BW declaration) and ii) Océ Printing Systems GmbH will provide to DLL their annual accounts, certified by external auditors. Océ will inform DLL timely if Océ Interholdings has the intention to withdraw the article 2:403
BW declaration. Océ-Technologies BV will then provide instantly to DLL their accounts and further at the latest six months after closing of every financial year to DLL their annual accounts, certified by external auditors,

  

	    	 	Océ N.V. declares that it presently has no intention of (i) decreasing/disposing its 

	 	 
interest in or (ii) withdrawing support from Océ-Technologies BV and Océ Printing Systems GmbH. If Océ’s intentions as mentioned in
the previous sentence change, then Océ will negotiate with DLL in good faith and in good time appropriate arrangements to safeguard DLL’s interests. If the Parties do not reach agreement on a suitable solution for DLL within 90 days
after commencement of the negotiations then the PLPA will be terminated with a notice period of three months and art. 10.2 - 10.3 will apply. 

  

	12.3	 	Océ hereby agrees to insert a provision in the FSC, the SLA or in any separate local maintenance agreement with DLL, permitting DLL to exercise an option to replace
Océ or the party to which Océ outsourced the maintenance as the maintenance-subcontractor. However, this option shall be conditional upon a material and repeated breach of the maintenance obligations, which is either unremediable or
has not been remedied within 90 days of being served written notice of such breach. This 90 days “remedy period” being not applicable in the event of an insolvency/administrative proceedings of Océ. 

 

	12.4	 	DLLI guarantees the continued performance of DLL-Affiliates under the Accession Agreements. 

  

	    	 	DLLI and Océ NV state that they have no intention to dispose of or decrease their interests in their Affiliates being party to an Accession Agreement. Should however in the
future this intention change, both Parties will negotiate in good faith and in good time appropriate arrangements in order to safeguard each other’s interests. 

  

	12.5	 	DLLI is part of the “Kruislingse garantieregeling” with the Rabobank Group as meant in art. 12 of the “Wet toezicht kredietwezen 1992”). If and when
either Rabobank or DLLI decides to change or terminate the “Kruislingse garantieregeling” then DLLI will timely notify Océ N.V. and Parties will negotiate in good faith and in good time with a view to make alternative arrangements.
In the event the Parties do not reach agreement on a suitable solution within 90 days after commencement of the negotiations then this will entitle either Party to terminate this agreement and art. 10.2-10.3 will apply.

  

	12.6	 	Within 6 months after commencement of this PLPA the Parties will implement an ICT-platform which will ensure the development, implementation, maintenance and evaluation of
systems, processes and related procedures in a timely manner. 

  
 ARTICLE 13 - MISCELLANEOUS  
  
 Guarantee and
indemnification’s 
  

	13.1	 	Océ indemnifies and will hold harmless DLL against all costs DLL might incur in respect of redundancy costs and severance payments of personnel taken over from
Océ or one of its Affiliates - as a conveyance of an enterprise as meant in EU Directives 87/187, 98/50 and 2001/23, as amended from time to time or similar provisions in the acts or laws of foreign jurisdictions, as well as in the event of a
transfer of shares in Océ’s subsidiaries to DLL as far as these costs refer to an employment history with Océ prior to the employment with DLL. This indemnification is only applicable during the Initial Period as referred to in
article 10.1. 

  

	13.2	 	Océ will cause the Océ organisation in an Agreed Territory to be adequately staffed during the implementation/transition phase of the entrepreneurial activities
of DLL in the territories mentioned. 

  

	13.3	 	DLL will cause the DLL organisation in an Agreed Territory to be adequately staffed during the orderly rundown phase of the FSC portfolio in the territories mentioned.

  

	13.4	 	Océ guarantees that DLL will be duly licensed to (sub)license the use of the operating software in the Equipment to the End-Users or other third parties DLL will sell the
Equipment to in circumstances as referred to in article 7. 

	13.5.	 	Without prejudice to any other right in favour of DLL which may be implied by law, Océ indemnifies DLL against all liabilities, losses, suits, damages, costs, expenses,
claims, defences and demands whatsoever which may be incurred or sustained by DLL, but only made to the extent that such liabilities, losses, suits, damages, costs, expenses, claims, defences and demands have been asserted by any person whatsoever
(including any subsequent purchasers of the Equipment or any third party) against DLL in either case by reason of or in any way arising out of or in connection with: 

  

	    	 	(i) Any loss, damage or injury (including death and personal injury) to any person or property whatsoever and whether occurring directly or indirectly in contract or in tort or in
delict for the time being in force in connection with Océ’s product’s description, design, manufacture, construction, malperformance (and such malperformance is not for the risk of the End User), the execution of duties on behalf of
DLL (such as but not limited to delivery, installation, supply, repossession, removal or disposal of or in relation to Equipment) and/or in connection with the workmanship, materials or any intellectual property rights in the Equipment and /or in
connection with any delay or failure to deliver the Equipment; 

  

	    	 	(ii) Any false or misleading statement, warranty or representation made or information given by Océ or its servants or agents concerning the terms and/or conditions of the
FSC’s; 

  

	    	 	(iii) Any maintenance obligations that Océ carries out in connection with an FSC or any other obligation Océ may have towards the customer or in respect of Equipment;

  

	13.6	 	Unless claims as hereinafter referred to are awarded by court sentence Océ Océ not assume any liability related to claims made by third parties against DLL and/or
Océ arising out of personal injury or property damages to such third parties allegedly caused by defective Equipment if such a claim is a result of: 

  

	    	 	(i) maintenance and/or service not carried out by or on behalf of Océ, or; 

  

	    	 	(ii) use of spare parts which are not recommended by Océ and which use has not taken place under by or on behalf of Océ, or; 

  

	    	 	(iii) improper usage by an End-User of the Equipment, or; (iv) the alleged defectiveness of the Equipment being a result of any action or omissions on the part of DLL;

  

	    	 	or the Parties hereto have established and agreed that such claims are not substantial and would not be deemed to be solidly legally founded and/or substantiated in the competent
court. 

  

	13.7	 	In the FSC’s liability for consequential damages (amongst others but not limited to delay damage, loss of earnings or loss of profits) will be excluded. If, notwithstanding
this exclusion and in the circumstances as referred to in article 13.5, liability for consequential damages is concluded on the basis of the (applicable) law or a court sentence Océ indemnifies DLL fully for this liability.

  

	13.8	 	Either party becoming aware of a claim relevant for the purposes of the indemnity in Article 13.5 above, it shall forthwith give written notice thereof to the other and the
party in receipt of such notice shall take such action and give such information and assistance in connection with the claim as the other party may reasonably and promptly by written notice request to avoid, resist, appeal or compromise the claim.

  

	13.9	 	Océ and DLL will not assume liability for consequential damages towards each other resulting from or in connection with this PLPA to the extent permitted by law.

  
 ARTICLE 14 - ANNOUNCEMENTS AND
CONFIDENTIALITY 
  
 Public announcement 

	14.1	 	Neither Party shall with respect to this PLPA make public announcements or issue press releases: 

  

	 	(i)	 	as to DLL without the prior consent of Océ, as to Océ Group without the prior consent of DLLI, which consent shall not be unreasonably withheld; unless an obligation
pursuant to mandatory provisions of law require such announcement or release, and in that case, only after having informed and consulted with the other Parties on the wording, timing and manner of such announcement or release or;

  

	 	(ii)	 	unless an obligation pursuant to applicable stock exchanges regulations require such announcement or release. In such case the other Party will be timely informed and to the extend
necessary cooperate in full, especially, but not only, in case of any (discretionary) decision or action of DLL affecting reporting or disclosure obligations of Océ. 

  
 Confidentiality 
  

	14.2	 	Each of the Parties undertakes not to, at any time during or after termination of this PLPA, divulge or communicate to any company, person or entity the Know-how or any
confidential information or information of an apparently confidential nature whatsoever concerning the business, affairs dealings, transactions, End-Users, suppliers or business relations of any or all of the Parties, as well as any information
relating to the Rights. 

  

	    	 	Each of the Parties warrants to observe secrecy by itself, its Affiliates, its officers and its advisers with respect to all information, data, Know-how and technology (hereinafter
referred to as the “Secret Information”) obtained by it from any Party and/or from their Affiliates. Neither Party shall make available nor otherwise disclose in any way, to third parties the Secret Information, or in any way use or allow
the use of the Secret Information for other purposes than the execution of this PLPA, unless explicitly authorised by the other Parties in writing or under statutory obligation. 

  

	    	 	These commitments shall cease in so far as the relevant Party can demonstrate that the relevant Secret Information: 

  

	 	(a)	 	has become part of the public domain lawfully through no causes attributable directly or indirectly to the relevant Party; 

  

	 	(b)	 	was already lawfully known to the relevant Party prior to the time Parties first entered into negotiations with regard to the PLP; 

  

	 	(c)	 	has subsequently been made available to the relevant Party by third parties entitled to do so. 

  

	14.3	 	Océ and its subsidiaries will not - in the Agreed Territories - co-operate with any third party but DLL and grant to DLL the right of first refusal, with respect to the
offering of leases or other financial services to End-Users for Océ products (i.e. products manufactured, distributed or offered by Océ or any of its subsidiaries) except: 

  

	 	(i)	 	in cases and/or categories which may be defined as excluded from the PLP; 

  

	 	(ii)	 	if DLL rejects a proposed transaction in respect of inter alia credit assessment, of the DLL Affiliate involved; 

  

	 	(iii)	 	if no decision is taken by DLL regarding acceptance or non-acceptance of a proposed transaction within the time frame as agreed in the applicable SLA. 

  

	 	(iv)	 	during a period of orderly rundown. 

  

	    	 	During the Initial Period Océ may terminate, at its sole discretion and on a country by country basis, this exclusivity or right of first refusal for DLL, if and when DLL
gives notice of an increase of the Spread (see Annex 7) to be applied in any of the Agreed Territories. 

  

	    	 	By receipt of DLL of this termination of exclusivity, DLL is entitled to give Océ 6 (six) month notice of termination with regard to the relevant Accession Agreement. Article

	 	 
10.2 – 10.3 will apply. 

  
 Assignment 
  

	14.4	 	DLL is entitled to transfer the FSC’s and its pertaining receivables and DLLI is entitled to transfer the DLL Affiliate holding such FSC’s and the pertaining
receivables except for a transfer to one or more of Océ’s competitors in the copying and printing business or to one of Océ’s lenders. In case of such a transfer to aforesaid parties prior approval of Océ is required.
Such consent will not be unreasonably withheld. 

  
 Amendments
and waivers 
  

	14.4	 	This PLPA may be amended, modified, renewed or extended only by instrument in writing signed by the Parties hereto. Any amendment by DLL of its Risk Management Policy (Annex 3)
shall be made known to Océ prior to implementation. 

  
 Entire agreement 
  

	14.5	 	This PLPA contains the entire agreement among the Parties with respect to the matters set forth therein and to supersede any prior agreement or understanding, or written between
them with respect to the subject matter of this PLPA. 

  
 Governing law 
  

	14.6	 	This PLPA shall be governed by and construed in accordance with the laws of the Netherlands. 

  
 Disputes 
  

	14.7	 	The Parties agree that any dispute, which may arise in relation the PLPA or any agreement resulting will be exclusively settled, at the request of either Party, by the competent
court in Amsterdam 

  
 As agreed this day
             2002 at Eindhoven/Venlo 
  

	De Lage Landen International B.V.	 	 	 	Océ. N.V.
			
	 /s/    A.S. GILLHAUS

	 	 	 	 /s/    JAN VAN DEN
BELT

	 By:
	 	 	 	 	 	 By:
	 	 
	 Name:
	 	 A.S. Gillhaus
	 	 	 	 Name:
	 	 Jan van den Belt

	 Title:
	 	 Executive Director
	 	 	 	 Title:
	 	 Chief Financial Officer

				
	 	 	 	 	 	 	 /s/    ROKUS VAN
IPEREN

	 	 	 	 	 	 	 By:
	 	 
	 	 	 	 	 	 	 Name:
	 	 Rokus van Iperen

	 	 	 	 	 	 	 Title:
	 	 Chief Executive Officer

 ANNEX 1: Financial Products, Programs, Equipment, Non-Equipment 
  
 * MATERIAL HAS BEEN OMITTED FROM THIS SECTION OF THE AGREEMENT PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND THAT MATERIAL HAS BEEN FILED SEPARATELY WITH THE OFFICE OF THE SECRETARY OF THE U.S. SECURITIES EXCHANGE COMMISSION. A DOUBLE ASTERISK (“**”) MARKS EACH PLACE WHERE INFORMATION HAS BEEN OMITTED PURSUANT TO SUCH
REQUEST. 
  
 Financial Products 
  
 The amount financed may include Equipment and Non Equipment. 
  
 It is important to distinguish the description and value of each item as they may impact
other items. 
  

	 Equipment:
	  	the type of equipment (Océ built and OEM (both Océ labelled)) and third party products) and whether it is new, re-manufactured, used or refurbished. Also defined as
Equipment is Océ labelled software.

  
 Non-Equipment: other,
non-manufactured Océ equipment, as described below 
  

	 	i.	 	Consultant / training and other business / professional services 

  

	 	ii.	 	Software 

  

	 	iii.	 	Buyouts of competitive leases 

  

	 	iv.	 	Refinancing of existing Océ leases 

  

	 	v.	 	Supplies (Toner) 

  

	 	vi.	 	Installation or freight 

  

	 	vii.	 	Local taxes 

  

	 	viii.	 	Other 

  
 Lease Programs 
  

	-	 	Leases with a bargain purchase option (Euro 1 – or 1%); 

  

	-	 	Leases with a fixed, pre determined purchase option (e.g.10%); 

  

	-	 	Leases with a Fair Market Value (FMV) purchase option; 

  

	-	 	Leases with no purchase option, often considered as a Rental. 

  

	-	 	Leases that qualify as hire purchase. 

  
 Billing programs 
  

	•	 	Unequal payments: 

  

	 	-	 	Step up or step down payments 

  

	 	-	 	Skip payments: payments may be skipped for a short period during the contract term 

  

	 	-	 	Down payments 

  

	 	-	 	Deferred payments : payments may be deferred for an initial period 

  

	•	 	Periodic payment programs 

  

	 	-	 	Monthly and quarterly invoices in advance and in arrears 

  

	 	-	 	Semi-annual and annual invoices in advance. 

  

	•	 	All-in / rental programs: a consolidated, bundled invoice will include lease, service and supplies (e.g. toner) charges: 

  

	 	-	 	may be packaged to the End-User based on cost per image and committed volume or 

  

	 	-	 	may be packaged to the End-User as a total fixed amount including a number of images. For the additional images an additional charge is calculated. 

  
 Upgrade programs 
  
 Programs will be offered that enable End-Users to upgrade to new equipment during the contract, according to pre-determined terms and
conditions. 

 Product information 
  
 Product 1 “Purchase 1 Euro” 
  
 Name financial product 
  
 Leases with bargain purchase option 
  
 Option: 1 EUR or 1% 
  
 Legal type (legal owner/economic owner): 
  
 Lessor is legal owner 
  
 Lessee is economic owner 
  
 On/Off balance sheet for lessee 
  
 On balance for lessee. 
  
 Rate structure (according to Annex 7 of the PLPA) 
  
 Standard: 
  

	 	-	 	based upon ** 

  

	 	-	 	** 

  
 Fixed rate/Variable rate 
  
 Always fixed rate.

  
 Advance/arrears 
  
 Both are possible for monthly and quarterly payments; quarterly is default

  
 Advance for half year and yearly payments 
  
 Seasonal rental scheme/Up front payments 
  

	 	-	 	Skip billing (e.g. 2 summer months) for “school /university”- market segment (max 3 months) 

  

	 	-	 	Step up and step down payments. 

  

	 	-	 	Down payments (up front) 

  

	 	-	 	Deferred payments (= initial payment delayed: “Grace period with a max of 6 month’s.”) 

  
 Stub rental 
  
 Stub rental for period between delivery/installation date and 1st new month/quarter (based upon normal rental and number of days). All following rentals will be due on first day of month/quarter. 
  
 The STUB rental will be calculated based on: 
  

	 	-	 	the normal rental and 

  

	 	-	 	on the number of days in the period before the first day of the next month/quarter. 

  
 The stub rental will consist of 2 parts: financial rental and maintenance/fixed consumption. 
  
 The financial part of the Stub will be registered as fee income/investment
service. 
  
 The fixed consumption will be registered as an
object service (for fixed consumption/maintenance) and will be paid to Océ. 
  
 Term 
  
 From 12 months till 72 months.

  
 For specific (named) products the maximum term can be
shorter, see the SLA 
  
 PRV Cover 
  
 No PRV (option = max. 1 %). 
  
 Océ has option if End-User does not use his option. 

 VAT issues 
  
 To be checked per country. 
  
 VAT payable upfront or to be paid on top of each rental. 
  
 Early termination & swaps 
  
 Standard SM@RT rule applies as defined in the PLPA, article 7.1. 
  
 The calculation will be made in ILS or @-Once finance (as from May 2002). The disinvestment will always be done in ILS on
the date the equipment has left the contract (can not be on due date). 
  
 End of contract procedure 
  
 Letter to be sent
to End-User mentioning option (and that the default action will be the sale). 
  
 Automatic sale at option price via the system (unless manual action/intervention). 
  
 Provision(s)/commission 
  
 No, but is no system issue; will be handled if applicable on a DLL corporate level 
  
 Fee’s/Other income 
  
 See the PLPA, Annex 7 
  
 Subsidy 
  
 No subsidy 
  
 Maintenance 
  
 No maintenance or extra copies with this product. 
  
 Insurance 
  
 No insurance 
  
 Taxes 
  
 No taxes 
  
 Other services 
  
 No indexation with this product 
  
 Product 2 “Fixed Purchase” 
  
 Name financial product 
  
 Leases with fixed purchase option 
  

Option at e.g. 10% 
  
 Legal type (legal owner/economic owner): 
  
 Lessor is legal owner 
  
 Lessee is economic owner - to be checked per country 
  
 On/Off balance sheet for lessee 
  
 On balance for lessee - to be checked per country 
  
 Rate structure (according to Annex 7 of the PLPA) 
  
 Standard: 
  

	 	-	 	based upon ** 

  

	 	-	 	** 

  
 Fixed rate/Variable rate 
  
 Always fixed rate.

 Advance/arrears 
  
 Both are possible for monthly and quarterly payments 
  
 Advance for half year and yearly payments 
  
 Seasonal rental scheme/Upfront payments 
  

	 	-	 	Skip billing (e.g. 2 summer months) for “school /university”- market segment (max 3 months) 

  

	 	-	 	Step up and step down payments. 

  

	 	-	 	Down payments (up front) 

  

	 	-	 	Deferred payments (= initial payment delayed: “Grace period = max.6 month’s”) 

  
 Stub rental 
  
 Stub rental for period between delivery/installation date and 1st new month/quarter (based upon normal rental and number of days).
All following rentals will be due on first day of month/quarter. 
  
 The STUB rental will be calculated based on: 
  

	 	-	 	the normal rental and 

  

	 	-	 	on the number of days in the period before the first day of the next month/quarter. 

  
 The stub rental will consist of 2 parts: financial rental and maintenance/fixed consumption. 
  
 The financial part of the Stub will be registered as fee income/investment
service. 
  
 The fixed consumption will be registered as an
object service (for fixed consumption/maintenance) and will be paid to Océ. 
  
 Term 
  
 From 12 months till 72 months;
amortisation upto no more then 10 % PRV; 
  
 For specific (named)
products the maximum term can be shorter, see the PLPA. 
  
 PRV Cover

  
 PRV = purchase option  
  
 option = max. 10 %  
  
 Océ has option if End-User does not use his option. 
  
 VAT issues 
  
 To be checked per country. 
  
 VAT payable up front or to be paid on top of each rental. 
  
 Early termination & swaps 
  
 Standard SM@RT rule applies as defined in article 7.1 of the PLPA. 
  
 The calculation will be made in ILS (as from May 2002). The disinvestment will always be done in ILS on the date the
equipment has left the contract (can not be on due date[???]). 
  
 End
of contract procedure 
  
 Letter to be sent to end user
mentioning option (and that the default action will be the sale to the End User). Automatic sale via the system (unless manual action/intervention). 
  
 Provision(s)/commission 
  
 No, but is no system issue; will be handled if applicable on a DLL corporate level 
  
 Fee’s/Other income 
  
 See the PLPA 
  
 Subsidy 
  
 No subsidy

 Maintenance 
  
 No maintenance or extra copies with this product. 
  
 Insurance 
  
 No insurance 
  
 Taxes 
  
 No taxes

  
 Other services 
  
 No indexation with this product. 
  
 Product 3 “Rental FMV” 
  
 Name financial product 
  
 Leases with purchase option at FAIR MARKET VALUE 
  
 RV based upon RV-table 
  
 Only the OPTION distinguishes this product from the RENTAL PRODUCT. 
  
 Except for some possible necessary actions at end of contract, both products are equal. 
  
 Legal type (legal owner/economic owner): 
  
 Lessor is legal & economic owner 
  
 On/Off balance sheet for lessee 
  
 Off balance for lessee (art 5.2 of the PLPA always applies). 
  
 Rate structure (according to Annex 7 of the PLPA) 
  
 Standard: 
  

	 	-	 	based upon ** 

  

	 	-	 	** 

  
 Fixed rate/Variable rate 
  
 Always fixed rate.

  
 Advance/arrears 
  
 Both are possible for monthly and quarterly payments; quarterly is default
Advance for half year and yearly payments 
  
 Seasonal rental scheme/Upfront
payments 
  

	 	-	 	Skip billing (e.g. 2 summer months) for “school /university”- market segment (max 3 months) 

  

	 	-	 	Step up and step down payments. 

  

	 	-	 	Down payments (up front) 

  

	 	-	 	Deferred payments (= initial payment delayed: “Grace period = max of 6 month’s”) 

  
 Stub rental 
  
 Stub rental for period between delivery/installation date and 1st new month/quarter (based upon normal rental and number of days). All following rentals will be due on first day of month/quarter. 
  
 The STUB rental will be calculated based on: 
  

	 	-	 	the normal rental and 

  

	 	-	 	on the number of days in the period before the first day of the next month/quarter. 

 The stub rental will consist of 2 parts: financial rental and maintenance/fixed consumption. 

 
 The financial part of the Stub will be registered as fee
income/investment service. 
  
 The fixed consumption will be
registered as an object service (for fixed consumption/maintenance) and will be paid to Océ. 
  
 Term 
  
 From 36 months
tip 72 months. 
  
 For specific (named ) products the maximum
term can be shorter; see the SLA. 
  
 PRV Cover 
  
 The PRV’s depend on the equipment . 
  
 All equipment (Océ built, OEM and 3rd party) will be put in one of the following categories. 
  
 PRV ** 
  
 No PRV cover (re-marketing: best effort). 
  
 Océ has option if End-User does not use his option and contract is not extended. 
  
 VAT issues 
  
 To be checked in each country 
  
 VAT to be paid by lessee on top of each rental. 
  
 Early termination & swaps 
  
 Standard SM@RT rule applies as defined in the PLPA, article 7.1. 
  
 The calculation will be made in ILS (as from May 2002). The disinvestment will always be done in ILS on the date the
equipment has left the contract (can not be on due date). This is necessary as the fixed consumption will be stopped in Océ’s system on the day the equipment leaves the contract. 
  
 End of contract procedure 
  
 The contract will go into extension period (12 months at same rental amount)
unless end user has reacted on purchase option. The rental during the extension is NOT indexed and is based on the rental that was applicable during the last year of the contract. 
  
 The financial rental during the extension period will be used first to fully amortise any PRV-position. Once the PRV fully
amortised, the financial rental will generate extra income that will be splitted between and DLL and Océ. See for detailed information the PLPA. 
  
 Provision(s)/commission 
  
 No,, but is no system issue; will be handled if applicable on a DLL corporate level 
  
 Fee’s/Other income 
  
 See the PLPA 
  
 Subsidy 
  
 No subsidy

 Maintenance 
  
 Maintenance and a pre-defined number of copies can be included in the rental. The amounts can be specified (or not) on the invoice of the End User.

  
 The amount invoiced for the fixed consumption is registered
as an object service and will be paid unconditionally to Océ based upon a list made by DLL (KREP050). Océ will issue a general invoice based upon the list (KREP050) of DLL. For payment period, see the PLPA, Annex
9. 
  
 Extra copies will be charged via separate
invoice. Océ will invoice DLL and will deliver the detailed financial information in a file. The details of the invoice will be delivered in file format in order to allow DLL to print them as such on an appendix to the invoice. The amount for
the extra consumption will be paid unconditionally towards Océ with however a payment delay; see for detailed information the PLPA, Annex 9. 
  
 Insurance 
  
 No insurance 
  
 Taxes 
  
 No taxes

  
 Other services 
  
 Indexation based upon a fixed percentage (same % for all contracts at that
specific indexation moment) on the whole rental (or on the fixed service amount) applies preferable once a year and with a maximum of 12 times a year at the anniversary date of the contracts. 
  
 It is possible to exclude clients from Indexation; this has to be
administrated at the start of the contract. 
  
 Will only apply
to contracts activated before a certain date (e.g. 1/9). (This is at the date hereof not possible in the systems; will be possible hereafter as soon as reasonably possible) 
  
 The prDLLt of the indexation will be added to the service amount (so Océ benefits of the full indexation amount).

  
 At registration of a new operation it must be clear:

  
 if indexation will apply to this deal. 
  
 Product 4 “Rental” 
  
 Name financial product 
  
 Leases with NO purchase option - “Rental” 
  
 PRV based upon PRV-table 
  
 Legal type (legal owner/economic owner): 
  
 Lessor is legal & economic owner 
  
 On/Off balance sheet for lessee 
  
 Mainly off balance for lessee. (art. 5.2 of the PLPA always applies). 
  
 Rate structure (according to Annex 7 of the PLPA) 
  
 Standard: 
  

	 	-	 	based upon ** 

  

	 	-	 	** 

  
 Fixed rate/Variable rate 
  
 Always fixed rate. 

 Advance/arrears 
  
 Both are possible for monthly and quarterly payments; default is quarterly payments 
 Advance for half year and yearly payments 
  
 Seasonal rental scheme/Up front payments 
  

	 	-	 	Skip billing (e.g. 2 summer months) for “school /university”- market segment (max 3 months) 

  

	 	-	 	Step up and step down payments. 

  

	 	-	 	Down payments (up front) 

  

	 	-	 	Deferred payments (= initial payment delayed: “Grace period of max. 6 months) 

  
 Stub rental 
  
 Stub rental for period between delivery/installation date and 1st new month/quarter (based upon normal rental and number of days). All following rentals will be due on first day of month/quarter. 
  
 The STUB rental will be calculated based on: 
  

	 	-	 	the normal rental and 

  

	 	-	 	on the number of days in the period before the first day of the next month/quarter. 

  
 The stub rental will consist of 2 parts: financial rental and maintenance/fixed consumption. 
  
 The financial part of the Stub will be registered as fee income/investment
service. 
  
 The fixed consumption will be registered as an
object service (for fixed consumption/maintenance) and will be paid to Océ. 
  
 Term 
  
 From 36 months till 72 months.

  
 For specific (named) products the maximum term can be
shorter, see the SLA 
  
 PRV Cover 
  
 The PRV’s depend on the equipment 
  
 All equipment (Océ built, OEM and 3rd party) will be put in one of the following categories. 
  
 PRV ** 
  
 No PRV cover (re-marketing: best effort). Océ has option if contract is not extended. 
  
 VAT issues 
  
 To be checked in each country 
  
 VAT to be paid by lessee on top of each rental. 
  
 Early termination & swaps 
  
 The calculation will be made in ILS (as from May 2002). The disinvestment will always be done in ILS on the date the equipment has left the contract (can
not be on due date). This is necessary as the fixed consumption will be stopped in Océ’s system on the day the equipment leaves the contract. 

 End of contract procedure 
  
 Contract will go into extension period (12 months at same rental amount) unless end user has cancelled the contract. The
rental during the extension is NOT indexed and is based on the rental that was applicable during the last year of the contract. 
  
 The financial rental during the extension period will first be used to fully amortise any PRV-position. Once the PRV fully amortised, the financial rental
will generate extra income that will be split between DLL and Océ. See for detailed information the PLPA 
  
 Provision(s)/commission 
  
 No, but is no system issue; will be handled if applicable on a DLL corporate level 
  
 Fee’s/Other income 
  
 See the Business Plan 
  
 Subsidy 
  
 No subsidy 
  
 Maintenance 
  
 Maintenance and a pre-defined number of copies can be included in the
rental. The amounts can be specified or not on the invoice of the end user. 
  
 The amount charged for the fixed consumption is registered as an object service and will be paid unconditionally to Océ based upon a list made by DLL (KREP050). Océ will issue a global invoice
based upon the list (KREP050) of DLL. For the payment period, see the PLPA, Annex 9. 
  
 Extra copies will be charged via separate invoice. Océ will invoice DLL and will deliver the detailed financial information in a file. The details
of the invoice will be delivered in file format in order to allow DLL to print them as such on an appendix to the invoice. The amount for the extra consumption will be paid unconditionally towards Océ with however a payment delay. See
the PLPA, Annex 9. 
  
 Insurance 
  
 No insurance 
  
 Taxes 
  
 No taxes 
  
 Other services 
  
 Indexation based upon a fixed percentage (same % for all contracts at the specific moment of indexation) on the whole rental (or on the fixed service amount ) applies preferable once a year and with a maximum of 12 times a year at the
anniversary date of the contracts. 
  
 It is possible to exclude
clients from indexation; this has to be administrated at the start of the contract. 
  
 This will only apply to contracts activated before a certain date (e.g. 1/9). (at this moment not possible in the systems; is to be expected as soon as reasonably possible ) 
  
 The prDLLt of the indexation will be added to the service amount (so
Océ benefits of the full indexation amount). 
  
 At
registration of a new operation it must be clear: 
  

	 	-	 	if indexation will apply to this deal 

  
 Product 5 “Hire Purchase” 
  
 Name financial product 
  
 Hire purchase 

 Legal type (legal owner/economic owner): 
  
 Lessee is legal and economic owner 
  

On/Off balance sheet for lessee 
  
 On balance for lessee. 
  
 Rate structure (according to Annex 7 of the Agreement) 
  
 Standard: 
  

	 	-	 	based upon ** 

  

	 	-	 	** 

  
 Fixed rate/Variable rate 
  
 Always fixed rate.

  
 Advance/arrears 
  
 Both are possible for monthly and quarterly payments; quarterly is default

  
 Advance for half year and yearly payments 
  
 Seasonal rental scheme/Up front payments 
  

	 	-	 	Skip billing (e.g. 2 summer months) for “school /university”- market segment (max 3 months) 

  

	 	-	 	Step up and step down payments. 

  

	 	-	 	Down payments (up front) 

  

	 	-	 	Deferred payments (= initial payment delayed: “Grace period = max. of 6 month’s”) 

  
 Stub rental 
  
 Stub rental for period between delivery/installation date and 1st new month/quarter (based upon normal rental and number of days). All following rentals will be due on first day of month/quarter. 
  
 The STUB rental will be calculated based on: 
  

	 	-	 	the normal rental and 

  

	 	-	 	on the number of days in the period before the first day of the next month/quarter. 

  
 The stub rental will consist of 2 parts: financial rental and maintenance/fixed consumption. 
  
 The financial part of the Stub will be registered as fee income/investment
service. 
  
 The fixed consumption will be registered as an
object service (for fixed consumption/maintenance) and will be paid to Océ. 
  
 Term 
  
 From 36 months till 72 months.

  
 For specific (named ) products the maximum term can be
shorter, see the SLA 
  
 PRV/PRV Cover 
  
 No PRV 
  
 VAT issues 
  
 VAT payable upfront. 
  
 Early termination & swaps 
  
 The calculation will be made in ILS (as from May 2002). The disinvestment will always be done in ILS on the date the equipment has left the contract (can
not be on due date). 
  
 End of contract procedure

  
 No action (automatic transfer of ownership). 

 Provision(s)/commission 
  

No, but is no system issue; will be handled if applicable on a DLL corporate level 
  
 Fee’s/Other income 
  
 See the PLPA 
  
 Subsidy 
  
 No subsidy

  
 Maintenance 
  
 Not applicable 
  
 Insurance 
  
 No insurance 
  
 Taxes 
  
 No taxes 
  
 Other services 
  
 Not applicable 

 ANNEX 2 - Service Level Agreement (template) 
  
 This Service Level agreement is made on [            ] 2002. 

 
 BETWEEN: 
  

	(1)	 	Océ          (the “Marketing Company”) who’s registered office is at
            ,             ,             

  

	(2)	 	DLL          (the “Leasing Company”) who’s registered office is at
            ,             ,             

  
 WHEREAS: 
  

	(A)	 	The Leasing Company is a locally operating entity wholly owned by De Lage Landen International BV (“DLLI”). 

  

	(B)	 	The Marketing Company is a locally operating entity (indirectly) wholly owned by Océ N.V. (“Océ NV”). 

  

	(C)	 	The Marketing Company and the Leasing Company will perform certain tasks and services to one another in order to facilitate the carrying on of their respective business and wish to
agree those tasks and services to be performed under observance of and in accordance with the PLPA and all its Annexes and/or Appendices, signed between DLLI and Océ NV on
        /         2002. 

  
 Now this Agreement Witnesseth as follows: 
  
 Article 1: Condition precedent and Interpretation 
  
 This Service Level Agreement (“SLA”) is conditional to the existence of the PLPA. 
  
 This SLA, unless the context explicitly otherwise requires or it is otherwise provided will be interpreted according the interpretation of
the PLPA. In the event of any other contradiction of clauses and/or meanings in this SLA with the PLPA, the PLPA will prevail. 
  
 Article 2: Definitions and Construction 
  
 Definitions: The definitions used in the PLPA will also apply in this SLA and are considered to be inserted here. 
  
 The following words and expressions shall, unless the PLPA or context otherwise require, have
the following respective meanings. 
  
 “Business Day” means a day
when banks are open for business in the respective territory; 
  
 “Capital
Invoiced Amount” means, in respect of an item of Equipment, the purchase price of such item of Equipment agreed between the Marketing Company and the Leasing Company in the ordinary course of business being the amount to be financed to such
End-User under a FSC together with the VAT where appropriate 
  
 “Collection Account” means the bank account with Rabo Bank in the name of the Leasing Company with account number                  and
any other bank account maintained from time to time, for the purpose of collection of payments from End-User: 
  
 “End-User” means each of the lessees under a FSC; 
  
 “Days Sales Outstandings” means the average payment days for an invoice after invoice due date. 
  
 “Effective Date” means the date of this SLA; 

 “PLPA” means the Private Label Program Agreement dated on or about the Effective Date between De Lage
Landen International B.V and Océ N.V.; 
  
 “Party” means
each, any or all, as the context may require, of the Marketing Company and the Leasing Company; 
  
 “Services” means the maintenance and other services, which the Marketing Company has agreed to provide to the End-Users in respect of the Equipment (but excluding the leasing of any Equipment).

  
 Article 3: Representations and Warranties 
  
 Each Party represents and warrants to the others that: 
  

	3.1	 	Power and authority: It has the power to enter into and perform its obligations under this SLA and has taken all necessary corporate action to authorise the entry into and
performance of this SLA. 

  

	3.2	 	Legal validity: This SLA constitutes legal, valid and binding obligations of such Party enforceable in accordance with its terms subject to principles of equity, laws
relating to bankruptcy, insolvency or liquidation or any other laws or legal procedures generally affecting the enforcement of creditors’ rights or the rights of contracting parties. 

  

	3.3	 	No conflict with laws, etc. The entry into and performance of this SLA and the transactions contemplated hereby do not and will not conflict with (i) any law or regulation or
any official or judicial order to which it is subject or by which it is bound, or (ii) the constitutional documents of such Party, or (iii) any agreement or document to which such Party is a party or which is binding upon it or any of its assets,
nor result in the creation or imposition of any lien on any of its assets pursuant to the provisions of any such agreement or document. 

  

	3.4	 	Consents: All authorisations, approvals, consents, licences, exemptions, filings, registrations, notarisations and other matters, official or otherwise, required by it
in connection with the entry into, performance, validity and enforceability of this SLA and the transactions contemplated hereby have been obtained or effected and are in full force and effect. 

  
 Article 4: Processes/Services and Service Levels: Tasks of parties involved

  

	4.1	 	The parties to this SLA have agreed on a split of tasks and responsibilities, which has herein been contained in Appendix 1 hereto (the “Split of Tasks and
Responsibilities”). 

  

	4.2	 	Tasks which are the responsibility of the one Party but which are executed by the other Party shall be charged at arm’s length rates to the responsible Party.

  

	4.3	 	Océ shall enter into license agreement for the use of DLL’s web-based sales tool “@-once” a specimen of which has been attached hereto as Appendix
2. 

  

	4.4	 	Océ and DLL have agreed upon the following releases: Patch 1 and Patch 2 for Océ and for DLL ILS 2002-4 and 2003-1. 30 days after the acceptance of the releases
both local organisations will be obliged to make use of the features of the aforementioned releases and have implemented the necessary and agreed process changes. 

  

	4.5	 	DLL will be responsible for the implementation of the Quinty workstations and the infrastructure that is an integral part of the Quinty environment. 

	4.6	 	Océ will provide data via an interface to enable DLL to prepare invoices including fixed maintenance amounts. These data should be provided 5 working days before the
DLL-invoices will be produced. 

  
 Article 5: Lease Application

  

	5.1	 	On each occasion that the Marketing Company proposes a lease to a prospective End-User of Equipment it shall give details of the proposed transaction to the Leasing Company
according the format as described in annex [xx] of the RMP or any other format to be agreed upon between the Parties and issued by DLL to the Océ sales force and such details shall ordinarily include: 

  

	 	(a)	 	identity of the prospective lessee, chamber of commerce number (if applicable) and all financial data/reports as defined in the RMP to be required by the Leasing Company in order to
assess to the creditworthiness of the End-User; 

  

	 	(b)	 	the proposed terms of the lease (including contract value): 

  

	 	(c)	 	details of the type and quantity of the Equipment proposed to be leased; details of any then proposed credit support or security; any unusual circumstances applicable to such
proposed transaction; and the Leasing Company shall have a reasonable opportunity to consider and either approve such proposed lease or reject it. 

  

	5.2	 	Where a proposed leasing transaction is approved by the Leasing Company, the Marketing Company sales force shall prepare the lease document (and any other ancillary document)
and the Marketing Company shall take all reasonable steps to arrange execution of such lease document by the proposed End-User. A sample of the lease documents that have been approved by both Parties is attached to this SLA as Appendix 3.

  

	5.3	 	Where the proposed leasing transaction is executed by the proposed End-User prior to its being approved by the Leasing Company, the Leasing Company may, at its sole
discretion, require the Marketing Company to renegotiate the proposed transaction with the proposed End-User to the satisfaction of the Leasing Company. These renegotiations may include restructuring the proposed transaction and obtaining additional
security. 

  

	5.4	 	The Leasing Company will communicate to the Marketing Company the decision resulting from such credit check. Should there be any doubt in respect of the credit application
the Leasing Company will consult with the Marketing Company in order to try to resolve the doubtful situation. The Marketing Company will to its best endeavours facilitate the resolution of these remaining issues. 

  

	5.5	 	The acceptance of the FSC by the End-User is construed by the so-called “deemed acceptance” clause in the FSC with the End-User. 

  
 Article 6: Title to Equipment 
  

	6.1	 	The Marketing Company shall procure that title to each item of Equipment which is to be leased by the Leasing Company to an End-User shall pass to the Leasing Company upon
delivery of the Equipment. 

  

	6.2	 	The Marketing Company shall arrange delivery to the End-User and, where applicable, install all Equipment at the End-User’s designated location which is or which will
become subject to a FSC. 

  

	6.3	 	The Marketing Company shall issue an invoice in respect of Equipment that is to be subject to a FSC to the Leasing Company in respect of the Capital Invoiced Amount

	 	 
upon installation of the Equipment at the End-User’s designated location. The invoice will be paid by the Leasing Company with observance of the
conditions as described in Annex 9 of the PLPA. 

  

	6.4	 	Unless otherwise agreed between parties to the PLPA risk in Equipment which is or which will become subject to a FSC shall, pass on to the Leasing Company upon payment of the
invoice in respect of such Equipment. 

  

	6.5	 	The Marketing Company shall be responsible for the warranty claims in respect of any Equipment subject to a FSC. 

  
 Article 7: Agency Arrangements 
  

	7.1.	 	Following the written acceptance of the End-User under a FSC, the Leasing Company shall appoint the Marketing Company as the Leasing Company’s agent (the
“Agent”) under the terms and conditions of this SLA to enter in the name and for the account of DLL into FSC’s in respect only of Equipment and Non-Equipment to be purchased in accordance with Clause 5 hereof. FSC’s shall be
completed and purchase payments shall be conditional upon the following: 

  

	 	7.1.1.	 	Financial Information in respect of End-Users 

  

	 	    	 	The Agent shall first provide to the Leasing Company a proforma submittal letter along with the latest available financial accounts of the End-User; 

  

	 	7.1.2	 	Acceptance by the Leasing Company 

  

	 	    	 	On receipt of the submittal letter, the Leasing Company will notify the Agent whether it accepts the FSC with the proposed End-User or not and that it, in the positive case,
authorises the Agent (on a contract by contract basis) to enter into a FSC on behalf of the Leasing Company. If it does so authorise the Agent, it will sign and return to the Agent the relevant submittal letter by way of confirmation;

  

	 	7.1.3.	 	The Agent signs FSC 

  

	 	    	 	On, and conditional upon, receipt of the signed submittal letter under Clause 7.1.2, of this SLA, the Agent may, as agent of the Leasing Company, enter into the FSC (in such form as
has previously been approved in writing by the Leasing Company) with the End-User on terms complying with those set out in the submittal letter and any additional requirements set by the Leasing Company. 

  

	7.2.	 	Delivery of Equipment by the Agent 

  

	    	 	The Marketing Company will procure delivery to the End-User of any Equipment and Non-Equipment purchased or to be purchased by the Leasing Company pursuant to the acceptance
decision of the Leasing Company related to the FSC; 

  

	7.3.	 	The Marketing Company claims payment 

  

	      	 	On the payment date but conditional upon (i) prior completion of the relevant FSC and (ii) delivery of all Equipment and Non-Equipment the subject thereof, the Marketing Company
will supply to the Leasing Company in respect of the Equipment and Non-Equipment delivered in respect of which it claims payment:- 

  

	 	-	 	a value added tax invoice addressed to the Leasing Company for the relevant Equipment and Non-Equipment; and 

  

	 	-	 	the completed FSC signed by the Marketing Company on behalf of the Leasing 

	 	 
Company and the relevant End-User for all the Equipment and Non-Equipment and 

  

	    	 	-(deemed) acceptance by the End-User as referred to under clause 4.5 hereof, adequately communicated - in writing - to the Leasing Company ; 

  

	7.4.	 	Payment of purchase price to the Marketing Company 

  

	    	 	See Annex 9 of the PLPA 

  

	7.5.	 	The Marketing Company’s Representations and Warranties to the Leasing Company 

  

	    	 	Upon delivery to the Leasing Company of any FSC by the Agent pursuant to and in conformity with the provisions of this SLA the Agent shall be deemed to represent and warrant after
making enquiries that:- 

  

	 	-	 	the particulars of the Equipment and Non-Equipment and the other information set out in the FSC are correct in all material respects; 

  

	 	-	 	all the Equipment in the FSC has been delivered to the End-User in good order, repair and condition and complies in all respects with the requirements of relevant laws, statutes and
statutory regulations and with all the terms of the FSC, whether express or implied; 

  

	 	-	 	each sale by the Marketing Company constitutes valid and binding obligation of the respective Marketing Company enforceable in law; 

  

	 	-	 	the Marketing Company has not assigned or encumbered in any manner any of its rights under the FSC; 

  

	 	-	 	the Marketing Company has full power to enter into and perform its obligations under this SLA and has obtained and will maintain in full force and effect all necessary corporate
authorisations and all necessary consents; 

  

	7.6	 	The Marketing Company’s Indemnity 

  

	    	 	The Marketing Company shall indemnify the Leasing Company and keep the Leasing Company fully indemnified against all losses incurred by the Leasing Company as a consequence of the
Marketing Company acting or purporting to act as the Leasing Company’s Marketing Company save as provided in this SLA. 

  
 Article 8: Services 
  

	8.1	 	The Marketing Company will provide services to End-Users of a FSC as stipulated in the terms and conditions thereof. The Leasing Company will – if applicable – pay
unconditionally (i.e. regardless the receipt of the payments by the End-Users) in accordance with the PLPA the amounts due to the Marketing Company. 

  

	8.2	 	It is clearly understood that the Leasing Company is not responsible for any credit risk on the maintenance component. The Leasing Company will inform the Marketing Company
in case End-Users have not paid the instalments, which also include a maintenance amount as described in the RMP (Chapter 3.2). 

  

	8.3	 	In case of excess copies the Marketing Company will provide the Leasing Company with the information that enables the Leasing Company to prepare invoices for the End-Users.
The Leasing Company will pay the amounts due to the Marketing Company in accordance with Annex 9 of the PLPA In case the End-User has not paid because he does not agree with the invoice the Marketing Company will need to credit the related
amount to the Leasing Company. The Leasing Company will not be exposed to credit risk related to excess copies. 

	8.4	 	Cash Application: In case of End-Users making partial payments to any bundled invoices such payments will be divided between and accrue to the Leasing Company and the
Marketing Company respectively, pro rata the lease- component and the service component of the amount invoiced. 

  
 Article 9: Training 
  
 The Leasing Company shall provide sales aid training to the Marketing Company as reasonably agreed, from time to time, between the Leasing Company and the Marketing Company. 
  
 Article 10: Service Levels, Settlement Quotation Calculation 
  

	10.1	 	The Leasing Company shall provide settlement quotes, upon request, to the Marketing Company in accordance with articles 7.1, 7.2 and 7.3 and Annex 7 of the PLPA.

  

	10.2	 	The Leasing Company shall assess the credit-worthiness of prospect End-Users in accordance with the RMP 

  

	10.3	 	The Leasing Company will respond to requests for credit assessment within the following credit acceptance turn-round times: 

  

	 Exposure in € mio

	  	 Authorised body

	  	 Time

	 Up to 0,5
	  	Authorised employee	  	1 business day
	 0,5 – <**
	  	LCC**	  	5 business days
	 >** – 7,5
	  	DCC	  	7 business days + decision time LCC
	 7,5 – 25,0
	  	ICC	  	2 business + decision time DCC and LCC
	 Above 25,0
	  	CCI	  	Approx. 5 business days + decision time ICC, DCC and LCC

  

	 LCC
	  	=	  	Local credit committee of DLL
	 DCC
	  	=	  	Divisional credit committee of DLL
	 ICC
	  	=	  	International credit committee of, DLL
	 CCI
	  	=	  	Credit Committee International Rabo Bank

	**	 	The parties acknowledge the authority level of the LCC differs per DLL country and is usually set between €1 million and € 2.5 million. 

  

	    	 	The days set out above are the maximum number of working days needed for a decision after receipt of the complete credit application. The Leasing Company shall comply with any
additional obligations set out in the RMP. 

  

	    	 	The Leasing Company will perform and abide to a minimum credit acceptance ratio of 70% (positive decisions / total credit decisions) and will maintain an uptime guarantee with
regard to the credit acceptance procedure and adherence to response times which will be a minimum of 95%. 

  
 Article 11. Reporting 
  

	11.1	 	The Leasing Company shall, as agreed between Parties, provide management reports in accordance with Annex 6 of the PLPA, 

  

	11.2	 	The Marketing Company shall, as agreed between parties, provide management reports as the Leasing Company may reasonably request from time to time in relation to the
performance by the Marketing Company of its obligations pursuant to the terms of this Agreement in view of the recovery of the amounts due by the End-Users. 

  

	11.3	 	The Marketing Company shall provide the Leasing Company with the following information: 

	 	-	 	a yearly updated price-book including but not limited to list (gross) prices of new and used Equipment and prices for maintenance- and repairservices; 

  

	 	-	 	Maximum term for leases of Equipment that deviate from the standard rule on annual basis; 

  

	 	-	 	Availability of service parts at the end of the life cycle. This determines the maximum financing period for older models. This information has to be provided on an annual basis or
more frequently in the event of new product introductions or end of life announcements; 

  

	 	-	 	PRV tables. 

  

	11.4	 	The Marketing Company shall provide the Leasing Company with all relevant information to prepare a business plan. 

  
 Article 12: Remarketing 
  

	12.1	 	If and when the Marketing Company will remarket the Equipment for and on behalf of the Leasing Company the Marketing Company and the Leasing Company will abide by the
arrangements as stipulated in art. 7.4 and 8 of the PLPA. 

  
 Article 13: Facilities 
  

	13.1	 	The Marketing Company shall through the appropriate renting/utilisation agreement(s) provide - at arm’s length conditions and rates - premises, utility services,
telephone and other telecommunication equipment, computers, servers and related equipment, all media ancillary thereto, office equipment, mail room services and other information services to the Leasing Company and its employees and employees of the
Marketing Company in such a way that the Leasing Company is able to operate its business in an efficient, reasonable and prudent commercial manner during Business Days. 

  
 Article 14: Rate and Fees 
  

	14.1	 	The Leasing Company shall be responsible for setting lease rates from time to time in accordance with Annex 7 of the PLPA. The Marketing Company shall be entitled to
suggest revisions to the rate table from time to time reflecting then current market rates but the Leasing Company shall retain responsibility for making adjustment to lease rates. 

  
 Article 15: Coming into force 
  

	15.1	 	This SLA shall take effect from the Effective Date. 

  
 Article 16: Review and Termination of this Agreement 
  

	16.1	 	Annually as per Effective Date the Parties may review the terms of this SLA and amend the terms of this SLA as they consider necessary to reflect the commercial understanding
at that time. 

  

	16.2	 	This SLA shall terminate and cease to have effect on termination of the PLPA. Like the PLPA the relevant articles remain applicable until the last FSC has expired.

  
 Article 17: Amendments and Waivers 
  

	17.1	 	This SLA may be amended, modified, renewed or extended only by instrument in writing signed by all parties hereto, however only upon prior approval by Océ NV and DLLI.

  
 Article 18: Governing Law and Dispute resolution

	18.1	 	This SLA shall be governed by and construed in accordance with the laws and regulations as stipulated in the PLPA i.e. the laws of the Netherlands. 

 

	18.2	 	The Parties shall submit any dispute in connection with this SLA or any agreement resulting herefrom firstly to Océ NV and DLLI. Should this not result in a settlement
of that dispute then the Parties shall handle any dispute in connection with this SLA or any agreement resulting herefrom in accordance with article 14.8 of the PLPA. 

  

	 Océ ...... (local entity)
	  	 	  	 	  	 
	 Executed
	  	)	  	 	  	 
	 by
	  	)	  	 	  	 
	 for and on behalf of
	  	)	  	
	  	 
	 	  	)	  	
	  	 
				
	 DLL [local entity]
	  	 	  	 	  	 
	 Executed
	  	)	  	 	  	 
	 by
	  	)	  	 	  	 
	 for and on behalf of
	  	)	  	
	  	 
	 	  	)	  	
	  	 
				
	 for approval
	  	 	  	 	  	 
				
	 Océ N.V.
	  	 	  	 	  	 
	 Executed
	  	)	  	 	  	 
	 by
	  	)	  	 	  	 
	 for and on behalf of
	  	)	  	
	  	 
	 	  	)	  	
	  	 
				
	 De Lage Landen International B.V.
	  	 	  	 	  	 
	 Executed
	  	)	  	 	  	 
	 by
	  	)	  	 	  	 
	 for and on behalf of
	  	)	  	
	  	 
	 	  	)	  	
	  	 

 Appendix 1 to the SLA: Process Description 
  
 PURPOSE : 
  
 Registration of the Split of Responsibilities between OCE ( OCE ) and DLL ( LE ) to cover 95
% of all possible responsibilities 
  
 Registration of the Split of Tasks between
OCE and the LE to cover 95 % of all possible tasks 
  
 IN GENERAL : 
  
 OCE is responsible to initiate the lease
transacations and LE is responsible to originate, service, maintain and end the lease contracts 
  
 ESCALATION : 
  
 For all issues which do not comply with the guidelines, instructions etc. there is a possibility to bring these under the attention of the Business Review Meeting and/or
the Executive Committee, who will assess these within their resp. authorities 
  

	 NR

	  	 RESPONSIBILITY

	  	OCE

	  	Executed by

	  	LE

	 	  	 General
	  	 	  	 	  	 
	 1
	  	 Out Right Sales List Price Book
	  	X	  	OCE	  	 
	 2
	  	 Service Price Book
	  	X	  	OCE	  	 
	 3
	  	 Periodical Update Prices ORS and services
	  	X	  	OCE	  	 
	 4
	  	 Selling Process
	  	X	  	OCE	  	 
	 5
	  	 Lease Factors (Customer Rate Sheets)
	  	 	  	LE	  	X
	 6
	  	 Pricing Grid Lease Products
	  	 	  	LE	  	X
	 7
	  	 Front Office Lease System
	  	 	  	LE	  	X
	 8
	  	 Back Office Lease System
	  	 	  	LE	  	X
	 9
	  	 Labeled Paper
	  	 	  	OCE	  	X
	 10
	  	 End User Contracts
	  	 	  	LE	  	X
	 	  	 Order Registration, Acceptance and Delivery
	  	 	  	 	  	 
	 11
	  	 Quolations
	  	 	  	OCE	  	X
	 12
	  	 Proposal Documentation
	  	 	  	OCE	  	X
	 13
	  	 Register proposal in OCE systems
	  	X	  	OCE	  	 
	 14
	  	 Input Data In @ONCE/OLCS for Proposal and Credit decision
	  	 	  	OCE	  	X
	 15
	  	 Executing the credit decision throughout OLCS
	  	 	  	LE	  	X
	 16
	  	 Complete Credit Application Report with standard formats
	  	 	  	OCE	  	X
	 17
	  	 Execute credit decision
	  	 	  	LE	  	X
	 18
	  	 Assessment of the refers
	  	 	  	LE	  	X
	 19
	  	 Executing Credit Application Reports
	  	 	  	LE	  	X
	 20
	  	 Selling and reviewing Credit Lines
	  	 	  	LE	  	X
	 21
	  	 Lease Contract and Other Lease Documents
	  	 	  	OCE	  	X
	 23
	  	 Customer acceptance of successfully delivering
	  	 	  	OCE	  	X

 PURPOSE : 
  
 Registration of the Split of Responsibilities between OCE ( OCE ) and DLL ( LE ) to cover 95 % of all possible responsibilities 

 
 Registration of the Split of Tasks between OCE and the LE to cover 95 % of all possible
tasks 
  
 IN GENERAL : 

 
 OCE is responsible to initiate the lease transacations and LE is responsible to
originate, service, maintain and end the lease contracts 
  
 ESCALATION : 
  
 For all issues
which do not comply with the guidelines, instructions etc. there is a possibility to bring these under the attention of the Business Review Meeting and/or the Executive Committee, who will assess these within their resp. authorities 
  

	 NR

	  	 RESPONSIBILITY

	  	OCE

	  	Executed by

	  	LE

	 	  	 Final Check, Activation and Pay Out
	  	 	  	 	  	 
	 24
	  	 Check on standard terms and conditions : financials, 125 % rule, service amounts, duration,

 residual values, third party products, competetive buy outs, remanufactured
equipment
	  	 	  	OCE	  	X
	 25
	  	 Validation check between systems OCE and LE
	  	X	  	OCE	  	 
	 26
	  	 Complete contract file and data in systems
	  	 	  	OCE	  	X
	 27
	  	 Final check and end control on correctness and completeness
	  	 	  	OCE	  	X
	 28
	  	 Singing the lease proposal by becoming then a lease contract
	  	 	  	OCE	  	X
	 29
	  	 Activate application ( < defined limit )
	  	 	  	OCE	  	X
	 30
	  	 Archiving and scanning contract file ( < defined limit )
	  	 	  	OCE	  	X
	 31
	  	 Sending contract file to LE ( = > defined limit )
	  	 	  	OCE	  	X
	 32
	  	 Final check and end control on correctness and completeness ( = > defined limit )
	  	 	  	LE	  	X
	 33
	  	 Activate application ( = > defined limit )
	  	 	  	LE	  	X
	 34
	  	 Archiving and scanning contract file (= > defined limit )
	  	 	  	LE	  	X
	 35
	  	 Service Administration
	  	 	  	OCE	  	X
	 36
	  	 Funding
	  	 	  	LE	  	X
	 37
	  	 Sending daily list of activated contracts to OCE ( Investment List )
	  	 	  	LE	  	X
	 38
	  	 Producing and sending a daily summary invoice to LE based on the Investment List
	  	X	  	OCE	  	 
	 	  	 Contract Servicing - periodical
	  	 	  	 	  	 
	 39
	  	 Billing and collecting lease invoices ( Incl. All Inn’s )
	  	 	  	LE	  	X
	 40
	  	 Submit data variable usage to LE
	  	X	  	OCE	  	 
	 41
	  	 Billing and collecting variables services
	  	 	  	LE	  	X
	 42
	  	 Send monthly service payment reports to OCE ( KREP050 )
	  	 	  	LE	  	X
	 43
	  	 Matching KREP050 with maintenance amounts
	  	X	  	OCE	  	 
	 44
	  	 Producing and sending a monthly summary invoice to LE based on the KREP050
	  	X	  	OCE	  	 
	 45
	  	 Pay out the summary invoices to OCE
	  	 	  	LE	  	X
	 46
	  	 Submit indexation data
	  	 	  	OCE	  	X

  

 PURPOSE : 
  
 Registration of the Split of Responsibilities between OCE ( OCE ) and DLL ( LE ) to cover 95 % of all possible responsibilities 

 
 Registration of the Split of Tasks between OCE and the LE to cover 95 % of all possible
tasks 
  
 IN GENERAL : 

 
 OCE is responsible to initiate the lease transacations and LE is responsible to
originate, service, maintain and end the lease contracts 
  
 ESCALATION : 
  
 For all issues
which do not comply with the guidelines, instructions etc. there is a possibility to bring these under the attention of the Business Review Meeting and/or the Executive Committee, who will assess these within their resp. authorities 
  

	 NR

	  	 RESPONSIBILITY

	  	OCE

	  	Executed by

	  	LE

	 47
	  	 Execute indexation on anniversary date
	  	 	  	LE	  	X
	 48
	  	 Join variables service invoices with the specifications
	  	 	  	LE	  	X
	 49
	  	 Dunning normal lease invoices and information to OCE
	  	 	  	LE	  	X
	 50
	  	 Dunning variable lease invoices and information to OCE
	  	 	  	LE	  	X
	 51
	  	 Dunning separate service invoices and information to LE
	  	X	  	OCE	  	 
	 52
	  	 Handling customers in default
	  	 	  	LE	  	X
	 53
	  	 Risk costs process
	  	 	  	LE	  	X
	 54
	  	 Managing repossession process of equipment
	  	 	  	LE	  	X
	 	  	 Contract Servicing - occasional
	  	 	  	 	  	 
	 55
	  	 Helpdesk for information, requests, disputes etc
	  	 	  	OCE	  	X
	 56
	  	 Get approval customer for change
	  	 	  	OCE	  	X
	 57
	  	 Get approval LE for change
	  	 	  	LE	  	X
	 58
	  	 Contract Amendments in ILS
	  	 	  	LE	  	X
	 59
	  	 Contract amendments in systems OCE
	  	X	  	OCE	  	 
	 60
	  	 Early terminations : request for calculation
	  	 	  	OCE	  	X
	 61
	  	 Early terminations : negotiation with customer
	  	 	  	OCE	  	X
	 62
	  	 Early terminations : effectuation
	  	 	  	LE	  	X
	 63
	  	 Create and send copy of invoices, other documents
	  	 	  	LE	  	X
	 64
	  	 Contract take over
	  	 	  	LE	  	X
	 	  	 Contract Servicing - end of contract
	  	 	  	 	  	 
	 65
	  	 Sending management information to OCE
	  	 	  	LE	  	X
	 66
	  	 Credit Approval in case of a non automatic extension
	  	 	  	LE	  	X
	 67
	  	 Negotiations about the final step if applicable
	  	 	  	OCE	  	X
	 68
	  	 Inform customer about the options if applicable
	  	 	  	LE	  	X
	 69
	  	 Invoicing customer (if applicable) for the fixed priced residual value
	  	 	  	LE	  	X
	 70
	  	 Collecting the priced residual value
	  	 	  	LE	  	X

 PURPOSE : 
  
 Registration of the Spilt of Responsibilities between OCE ( OCE ) and DLL ( LE ) to cover 95 % of all possible responsibilities 

 
 Registration of the Spilt of Tasks between OCE and the LE to cover 95 % of all possible
tasks 
  
 IN GENERAL : 

 
 OCE is responsible to initiate the lease transactions and LE is responsible to originate,
service, maintain and end the lease contracts 
  
 ESCALATION : 
  
 For all issues which do not comply with
the guidelines, instructions etc. there is a possibility to bring these under the attention of the Business Review Meeting and/or the Executive Committee, who will assess these within their resp. authorities 
  

	 NR

	  	 RESPONSIBILITY

	  	OCE

	  	Executed by

	  	LE

	 	  	 Miscellaneous
	  	 	  	 	  	 
	 95
	  	 Authority lines
	  	 	  	LE	  	X
	 96
	  	 Commercial Reporting
	  	 	  	LE	  	X
	 97
	  	 Create and maintain Service Level Agreements
	  	 	  	LE	  	X
	 98
	  	 Create and maintain Local Business Plans
	  	 	  	LE	  	X
	 99
	  	 Maintain Local Lease Systems and Processes
	  	 	  	LE	  	X
	 100
	  	 Local implementation and maintenance of the front office systems
	  	 	  	LE	  	X
	 101
	  	 Create and maintain local legal documents
	  	 	  	LE	  	X
	 102
	  	 Local general facilities for the LE
	  	 	  	LE	  	X
	 103
	  	 Create and maintain the price tables in the systems
	  	 	  	LE	  	X
	 104
	  	 General Lease Archive
	  	 	  	LE	  	X
	 105
	  	 General Financial Archive
	  	 	  	LE	  	X

 PURPOSE : 
  
 Registration of the Split of Responsibilities between OCE ( OCE ) and DLL ( LE ) to cover 95 % of all possible responsibilities 

 
 Registration of the Split of Tasks between OCE and the LE to cover 95 % of all possible
tasks 
  
 IN GENERAL : 

 
 OCE is responsible to initiate the lease transacations and LE is responsible to
originate, service, maintain and end the lease contracts 
  
 ESCALATION : 
  
 For all issues
which do not comply with the guidelines, instructions etc. there is a possibility to bring these under the attention of the Business Review Meeting and/or the Executive Committee, who will assess these within their resp. authorities 
  

	 NR

	  	 RESPONSIBILITY

	  	OCE

	  	Executed by

	  	LE

	 71
	  	 Offering the equipment ( if applicable ) to OCE
	  	 	  	LE	  	X
	 72
	  	 Remarketing the equipment ( if applicable ) in case of losses
	  	 	  	OCE	  	X
	 73
	  	 Extending the service contract ( if applicable )
	  	X	  	OCE	  	 
	 	  	 Treasury
	  	 	  	 	  	 
	 74
	  	 Create and submit funding rates to LE
	  	 	  	LE	  	X
	 75
	  	 Process and control total funding
	  	 	  	LE	  	X
	 	  	 Finance and control
	  	 	  	 	  	 
	 76
	  	 General Ledger
	  	 	  	LE	  	X
	 77
	  	 Processing direct debit tapes
	  	 	  	LE	  	X
	 78
	  	 Processing incoming payments
	  	 	  	LE	  	X
	 79
	  	 Pay out process
	  	 	  	LE	  	X
	 80
	  	 Resolve unknown payments
	  	 	  	LE	  	X
	 81
	  	 Managing bank accounts
	  	 	  	LE	  	X
	 82
	  	 Managing expenses
	  	 	  	LE	  	X
	 83
	  	 Managing purchase ledger
	  	 	  	LE	  	X
	 84
	  	 Create and submit monthly management accounts
	  	 	  	LE	  	X
	 85
	  	 Administer and handling VAT
	  	 	  	LE	  	X
	 86
	  	 Administer and handling taxes
	  	 	  	LE	  	X
	 87
	  	 Create and submit monthly vendor management reports
	  	 	  	LE	  	X
	 88
	  	 Create and submit annual budgets
	  	 	  	LE	  	X
	 89
	  	 Create and submit quarterly forecasts
	  	 	  	LE	  	X
	 90
	  	 Administer payroll
	  	 	  	LE	  	X
	 91
	  	 Managing suspense accounts
	  	 	  	LE	  	X
	 92
	  	 Periodical Income Statement and Balance Sheet
	  	 	  	LE	  	X
	 93
	  	 Managing total financial reporting
	  	 	  	LE	  	X
	 94
	  	 Managing and executing the periodical Audits
	  	 	  	LE	  	X

 Appendix 2 to the SLA: Access System Agreement (DRAFT ONLY) 
  
 ACCESS SYSTEM AGREEMENT 
  
 PARTIES: 
  

	I	 	[full name vendor/VAR/dealer] 

	    	 	established at [name registration place] 

	    	 	hereinafter referred to as “Vendor” [or name vendor] 

  
 and 
  

	II	 	De Lage Landen [local entity] 

	    	 	established at [name registration place] 

	    	 	hereinafter referred to as “DLL”, 

  
 together referred to as the “Parties”. 
  
 WHEREAS: 
  

	A.	 	Parties have entered into a co-operation agreement on the xx of xx XXXX, [name of the co-operation agreement], hereinafter referred to as the “Co-operation” a copy of
which is attached to this Agreement as Schedule 1; 

  

	B.	 	De Lage Landen International B.V. (DLLI) has developed several automated systems among others to administer leasing activities and to take Credit Decisions with respect to
(potential) End-Users, hereinafter together referred to as the “System”. 

  

	C.	 	DLLI has granted Vendor the right to use the System and has authorised DLL to grant the Vendor a non-exclusive, non-transferable right to use the System under the terms and
conditions of this Agreement 

  
 NOW IT IS HEREBY AGREED AS
FOLLOWS: 
  
 ARTICLE 1: DEFINITIONS 
  

	 •
	  	 Acceptance Form:
	  	a form to be signed by Users in which the applicability of the terms and conditions connected to the use of the SecurID Card and the System are explicitly
accepted.
			
	 •
	  	 Application:
	  	a request from the Vendor to DLL to finance a End-User Agreement
			
	 •
	  	 Confidential Information:
	  	all information acquired by a Party from the other Party as a result of or in any manner connected to the implementation, adaptation or use of the System.
			
	 •
	  	 Credit Decision:
	  	determination of the credit rating of a (potential) End-User which results in an acceptance, decline or referal of an Application.
			
	 •
	  	 End-User:
	  	the lessee or end user of the Equipment and non-Equipment, party to a FSC.
			
	 •
	  	 End-User Agreement :
	  	an agreement with a End-User, in whatever form and however called, with respect to the financing of goods.

	 •
	  	Manual:	  	an extensive user guide to assist and support the Users to work with the System.
			
	 •
	  	 System:
	  	automated systems developed by De Lage Landen International B.V. as defined in Schedule 2.
			
	 •
	  	 SecurID Card:
	  	a security card which gives the User that identifies itself through the password generated by the card together with a personal pin code access to the System.
			
	 •
	  	 Transaction:
	  	an application accepted and/or funded by DLL.
			
	 •
	  	 User:
	  	a person authorised by DLL to have access to the System.
			
	 •
	  	 Working Day:
	  	any day which is not Saturday, Sunday, or a (public) banking holiday.

  
 ARTICLE 2: RIGHT TO USE THE
SYSTEM 
  

	2.1.	 	DLL herewith grants to Vendor a non-exclusive, non-transferrable right to use the System upon the terms and conditions of this Agreement. 

  

	2.2.	 	The Vendor acknowledges that DLLI holds all copyrights and other intellectual property rights to the software of the System and shall not further distribute or copy this
software without the prior written permission of DLL. 

  

	2.3.	 	Only Users individually and personally authorised by DLL to use the System are allowed to enter the System by means of the SecurID Card together with their personal pin code.
The Vendor shall ensure that the Users respect and obey the terms and conditions connected to the use of the SecurID card as laid down in the Manual and the Protocol. 

  

	2.4.	 	The System may only be used for the purposes described in this Agreement and/or the Co-operation and only by the Users. 

  
 ARTICLE 3: USE OF THE SYSTEM 
  

	3.1	 	The Vendor is allowed to use or have the System used by Users for the sole purpose of entering Applications, to obtain Credit Decisions with respect to the End-Users entered
into the System and to print the contractual documentation. 

  

	3.2	 	Vendor shall install a desk (Vendor Desk) consisting of one or more persons to coordinate the use of the System, to answer the questions of Users and to solve small problems
that might arise. All questions and problems of Users should be addressed at the Vendor Desk. 

  

	3.3	 	DLL shall install a desk (DLL Desk) consisting of one or more persons to help with the implementation of the System and to support the Vendor Desk. All questions and problems
of Users that the Vendor Desk is not able to solve, should be addressed at the DLL Desk. 

  
 ARTICLE 4: OBLIGATIONS OF DLL 
  

	4.1	 	DLL shall use best endeavours to ensure that the System is available to the Vendor from Monday up to and including Saturday, from 6.00 to 22.00 hours.

	4.2	 	DLL shall have the DLL Desk installed and operating during Working Days from [8.00] to [17.00] hours. 

  

	4.3	 	DLL shall train the Users at the implementation of the System and thereafter if so requested. 

  

	4.4	 	DLL shall provide the Vendor with a Manual including working instructions and a description of the procedures. 

  

	4.5	 	DLL shall inform the Vendor as soon as possible, but with at least one week notice, of the implementation of an upgrade or other working activities on the System which might
reduce temporarily the availability of the System considerably. 

  
 ARTICLE 5: OBLIGATIONS OF THE VENDOR 
  

	5.1	 	Vendor is obliged to have a reputable Internet provider to be approved by DLL from time to time. 

  

	5.2	 	Vendor shall have a Vendor Desk installed and operating during Working days from [8.00] to [17.00] hours. 

  

	5.3	 	In order to interface with the System, the Vendor shall make available the required hard- and software with sufficient capacity to ensure the System’s functioning as
specified in the Manual and the Protocol. 

  

	5.4	 	Vendor shall take all precautions to prevent unauthorised persons and/or third parties from accessing the System and/or acquiring Confidential Information and warrants that
unauthorised use or misuse shall not take place. 

  

	5.5	 	Vendor represents and warrants that the Users observe strict confidentiality with respect to the information acquired through a Credit Decision. Furthermore Vendor shall
ensure that the System and the use, processing and storage of the information acquired through the System shall only be used for the purpose described under 3.1 and that the instructions and procedures described in the Manual and the Protocol are
fully observed and complied with. 

  

	5.6	 	Vendor is responsible for the complete and correct input of all information in the System. 

  

	5.7	 	Vendor shall accept all upgrades, updates and other changes made by DLL or DLLI to the System and shall if necessary adapt its IT environment to meet the requirements of the
System. 

  
 ARTICLE 6: EXPENSES 
  

	6.1	 	The Vendor shall pay no fees or other specific charge for the use of the System, such being included in DLL’s income under the FSC’s. 

  

	6.2	 	All the costs connected to the installation and implementation of the System in the environment of the Vendor as well as all the costs to maintain the System operating within
this environment shall be fully for the Vendor’s account. 

  

	6.3	 	The costs related to the installation and maintenance of the DLL desk and the costs related to the Manual and other documentation as well as the technical support for the
System shall be for DLL’s account. 

 ARTICLE 7: LIABILITIES 
  

	7.1	 	Vendor shall be liable for all damages incurred by DLL and/or DLLI as a result of the non-compliance with this Agreement and/or the Manual and/or the Protocol, the incorrect,
incomplete and/or erroneous input of information in the System and other cases of gross negligence. 

  

	7.2	 	Vendor shall be liable for all the damages incurred by DLL as a result of the unauthorised use of the System and/or unauthorised changes to the System.

  

	7.3	 	Vendor shall be further liable for all damages incurred by DLL as a result of the loss, theft, abuse or destruction of any SecurID Card. 

  

	7.4	 	Vendor shall hold DLL and/or DLLI harmless and indemnified with respect to the damages incurred under clause 7.1, 7.2 and/or 7.3 above. 

  

	7.5	 	Without prejudice to the rights of DLL and/or DLLI to indemnification of the damages incurred by DLL and/or DLLI, the Vendor will be charged with an amount of xxxx Euro for
each replacement of a SecurID Card. 

  
 ARTICLE 8:
APPLICATION & CREDIT DECISION 
  

	8.1	 	Vendor is obliged to enter the Application into the System and represents and warrants to DLL the correct input of all information into the System with respect to the
End-User for which a Credit Decision is to be obtained. 

  

	8.2	 	The System shall give Credit Decisions with respect to End-Users of which the required data is entered into the System. Provided that all the information required is entered
into the System correctly and the procedures as described in the Protocol and the Manual are followed, a positive Credit Decision shall result in the acceptance of the Vendor’s Application by DLL. 

  

	8.3	 	In case of an adverse material change in the financial position of a End-User or other unanticipated circumstances, DLL has the right to overrule a Credit Decision and
consequently to decline an Application regardless of the positive Credit Decision. DLL shall inform the Vendor as soon as possible as to the decision to overrule the Credit Decision. 

  

	8.4	 	DLL shall not be liable for any damages due to the decision to overrule a positive Credit Decision, unless these damages are the result of gross negligence of DLL.

  
 ARTICLE 9: AVAILABILITY OF THE SYSTEM

  

	9.1	 	DLL shall use best endeavours to ensure that the System shall become and remain available to the Vendor during the time indicated in article 4.1. 

  

	9.1.1	 	DLL shall not be liable for damages caused by the non- or less availability of the System, unless these damages are the result of gross negligence of DLL. Under no
circumstance DLL can be hold liable for the non performance of the Internet Provider. 

  

	9.2	 	DLL may request Vendor’s co-operation whenever adaptations to the System or upgrades are required to maximise the System’s availability and functionality. During
the implementation of these activities, the System might be less or not available. DLL shall in consultation with the Vendor undertake all required measures to minimise the inconveniences of the implementation of the adaptations or upgrades.

	9.2.1	 	It the System does not function as expected, Vendor may request DLL to investigate the causes and DLL shall in consultation with the Vendor propose adaptations to remedy the
defects or optimise the functionality. 

  
 ARTICLE 10:
SECURITY 
  

	10.1	 	Only Users authorised by DLL and in the possession of a SecurID Card in combination with a personal pin code are allowed to access and use the System.

  

	10.2	 	A SecurID Card can be requested by sending an application in accordance with the procedures described in the “Remote Access, SecurID Card Procedures” document,
attached hereto as Schedule 3. Each potential User must sign an Acceptance Form as well as a confirmation of receipt of the SecurID Card before access to the System is granted. 

  
 Vendor warrants that it shall take all precautions to ensure that the Users comply with the
terms and conditions connected to the use of the SecurID Card and that third, not authorised persons are not able to and will not acc 

 ANNEX 3 - Risk Management Policy    [In accordance with Sections 1.4 and 1.5 of the Agreement,
Annex 3 is for informational purposes only and is not part of the Agreement. Annex 3 contains confidential information of De Lage Landen, and, accordingly, has been omitted from this filing.] 

 ANNEX 4 - Accession Agreement 
  

	I	 	Océ OPCO 

  

	    	 	Hereinafter referred to as “Océ” 

  

	II	 	DLL local entity 

  

	    	 	Hereinafter referred to as “DLL” 

  
 All together hereinafter referred to as “the Parties” 
  
 WHEREAS: 
  

	-	 	Océ N.V. and De Lage Landen International B.V. have signed on [../../..] a Private Label Program Agreement in which parties agreed to co-operate in the field of leasing
Océ manufactured and/or distributed document processing equipment (hereinafter referred to as the “PLPA” and of which copy has been attached hereto). 

  

	-	 	In the PLPA the possibility has been created that subsidiaries of the parties to the PLPA may accede to the PLPA. 

  

	-	 	Océ and DLL want to access the PLPA 

  
 HEREBY AGREE AS FOLLOWS: 
  

	1	 	References to clauses, paragraphs or schedules are to be construed as references to clauses, paragraphs or schedules to the PLPA. 

  

	    	 	Definitions used herein will have the same meaning as defined in the PLPA unless explicitly agreed and stated otherwise herein. 

  

	    	 	In case of discrepancy between any provision of the PLPA and anything contained in this Accession Agreement, the PLPA will prevail unless explicitly agreed and stated otherwise
herein. 

  

	2	 	Océ and DLL hereby accede to the PLPA for the Agreed territory []. From the date of signing of this Accession Agreement, they agree to be bound by and act in accordance with
the terms and conditions of the PLPA and this Accession Agreement. 

  

	3	 	Contrary and/or supplemental to the contents of the PLPA anmd with the prior authorisation of the international Executive Committee, Océ and DLL have agreed to the following:

  

	    	 	- 

  

	    	 	- 

  

	    	 	- 

  

	4	 	Contrary or supplemental to the contents of Annexes [....] to the PLPA, Océ and DLL have agreed to the deviations as further defined in the respective Annexes that are
attached to this Accession Agreement. 

  

	5	 	To this Accession Agreement is attached the document “Transfer of lease-portfolio” which reflects the consensus between Parties on the transfer of the existing portfolio
of Océ to DLL as referred to in article 2.2 of the PLPA. 

  

	6	 	This Accession Agreement will only come into force as from the date Océ N.V. and De Lage Landen International B.V. will have ratified such by way of counter-signing this
Accession Agreement. 

  

	7	 	This Accession Agreement will be governed by and construed under Dutch law. Any disputes under this Accession Agreement will be exclusively settled in the same manner and by the
same competent authority as stipulated in the PLPA. 

	 Océ

	 	 	 	 DLL

	 	 	 Name    :
	 	 	 	 	 	 Name:

	 	 	 Title      :
	 	 	 	 	 	 Title:

  
 Océ N.V. and De Lage Landen
International BV hereby approve the accession of the parties mentioned above under the terms and conditions of this Accession Agreement. 
  

	 for Océ N.V
	 	 	 	for De Lage Landen International B.V.
			
	 Name    :
	 	 	 	 Name    :

	 Title      :
	 	 	 	 Title      :

 ANNEX 5 - Operational Guarantees  
  
 OPERATIONAL GUARANTEE 
  
 Dear Sirs, 
  
 We have been informed of your intention to enter into a Private Label Program Agreement (“PLPA”) with Océ N.V. in order to provide financial services and solutions to certain end users/customers of
the Océ Group based in the United Kingdom, Germany, France, The Netherlands, Belgium, Spain and such other countries as from time may be agreed between yourselves and Océ N.V. An Accession Agreement will be entered into for each
country under the said PLPA, by the local Océ subsidiary and the local De Lage Landen entity. Hereinafter we will refer to the PLPA and the Accession Agreements as the “Agreements”. 
  
 Upon your request, we would like to confirm the following: 
  
 Océ-Technologies B.V is a major manufacturing company of the Océ Group, of
which also form part Océ (UK) Ltd, Océ-Deutschland GmbH, Océ-France SA, Océ-Nederland BV, Océ-Belgium NV and Océ-Espana SA and other wholly owned national operating companies, to be jointly referred to as
the “Océ Subsidiaries” and we, Océ-Technologies B.V, are the supplier of the relevant products to the Océ Subsidiaries. 
  
 Océ-Technologies B.V. undertakes and guarantees to you and the respective local De Lage Landen entity, during the term of the PLPA and the applicable Accession
Agreement between the respective Océ Subsidiaries and the local De Lage Landen entity: 
  

	•	 	to provide the Océ Subsidiaries with all support necessary for a proper and timely installation of the relevant products supplied to the end users/customers, which products
are to be leased to the end-user; 

  

	•	 	to provide the Océ Subsidiaries with all support necessary for the proper functioning, service and maintenance of all products supplied under the Agreements;

  

	•	 	in case any or all of the Océ Subsidiaries at any time during the term of the Agreements is/are no longer able to provide you with support, service, maintenance and spare
parts for said products, to ensure that the necessary support for proper and timely installation, service, maintenance and spare parts will be provided to you, the respective local De Lage Landen entity or the end-users under the relevant
FSC’s, on a. continuing basis under the terms and conditions of the applicable Agreements;

  
 This guarantee shall be governed by, and construed in accordance
with, Dutch law. Any dispute shall be settled exclusively by means of [arbitration]. Any litigation will take place in the competent Court of The Hague (The Netherlands). 
  
 Yours sincerely, 
  
 Océ-Technologies B.V. 
  
 Nico Koole 

 OPERATIONAL GUARANTEE  
  
 Dear Sirs, 
  
 We have been informed of your intention to enter into a Private Label Program Agreement (“PLPA”) with Océ N.V. in order to provide financial services and
solutions to certain end users/customers of the Océ Group based in the United Kingdom, Germany, France, The Netherlands, Belgium, Spain and such other countries as from time may be agreed between yourselves and Océ N.V. An Accession
Agreement will be entered into for each country under the said PLPA, by the local Océ subsidiary and the local De Lage Landen entity. Hereinafter we will refer to the PLPA and the Accession Agreements as the “Agreements”.

  
 Upon your request, we would like to confirm the following: 
  
 Océ Printing Systems GmbH is a major manufacturing company of the Océ Group,
of which also form part Océ (UK) Ltd, Océ-Deutschland GmbH, Océ-France SA, Océ-Nederland BV, Océ-Belgium NV and Océ-Espana SA and other wholly owned national operating companies, to be jointly referred to as
the “Océ Subsidiaries” and we, Océ-Technologies B.V, are the supplier of the relevant products to the Océ Subsidiaries. 
  
 Océ Printing Systems GmbH undertakes and guarantees to you and the respective local De Lage Landen entity, during the term of the PLPA and the applicable Accession
Agreement between the respective Océ Subsidiaries and the local De Lage Landen entity: 
  

	•	 	to provide the Océ Subsidiaries with all support necessary for a proper and timely installation of the relevant products supplied to the end users/customers, which
products are to be leased to the end-user; 

  

	•	 	to provide the Océ Subsidiaries with all support necessary for the proper functioning, service and maintenance of all products supplied under the Agreements;

  

	•	 	in case any or all of the Océ Subsidiaries at any time during the term of the Agreements is/are no longer able to provide you with support, service, maintenance and spare
parts for said products, to ensure that the necessary support for proper and timely installation, service, maintenance and spare parts will be provided to you, the respective local De Lage Landen entity or the end-users under the relevant
FSC’s, on a continuing basis under the terms and conditions of the applicable Agreements; 

  
 This guarantee shall be governed by, and construed in accordance with, Dutch law. Any dispute shall be settled exclusively by means of [arbitration]. Any litigation will take place in the competent Court of The Hague
(The Netherlands). 
  
 Yours sincerely, 
  
 Océ Printing Systems GmbH 
  
 Peter Feldweg 

	 Final text dd November 5. 2002
	 	KDLO/NV

  
 ANNEX 6 - Management information Océ 
  

	 	 	 To be
 delivered
	 	 Might be
 possible
 in the future
	 	Comments
	Credit	 	 	 	 	 	 
	Numbers of deals approved/rejected/hold	 	A/B	 	C/D*	 	 
	Amounts of deals approved/rejected/hold	 	A/B	 	C	 	 
	Numbers of cases deviated from credit-advice	 	A/B	 	C	 	 
	Reason of rejections	 	No	 	No	 	On request on individual
	 	 	 	 	 	 	transaction level
	Status pending deals	 	No	 	No	 	On request on individual
	 	 	 	 	 	 	transaction level
	Response times on applications	 	 	 	A/B	 	 
	Credit approval rate	 	A/B	 	C	 	 
				
	Commercial	 	 	 	 	 	 
	NBV: number of contracts (monthly & ytd)	 	A/B/C	 	D*	 	 
	NBV: number of contracts by program (monthly & ytd)	 	A/B/C	 	D*	 	 
	NBV: number of investments	 	A/B/C	 	D*	 	 
	NBV: amount financed	 	A/B/C	 	D*	 	 
	NBV: average contract size	 	A/B/C/E	 	D*	 	 
	NBV: average contract rate	 	A/B/C/E	 	D*	 	Sum of the rates/number
	 	 	 	 	 	 	of deals
	NBV: average duration	 	A/B/C/E	 	D*	 	Sum of the terms/number
	 	 	 	 	 	 	of deals
	Lease penetration	 	A/B/C/E	 	D*	 	Océ has to deliver info on
	 	 	 	 	 	 	outright sales
				
	Portfolio	 	 	 	 	 	 
	Percentage DD	 	A/B/C	 	 	 	 
	Maturation in layers (amounts)	 	A/B/C	 	 	 	 
	Gross lease portfolio	 	A/B/C	 	 	 	 
	Net lease portfolio	 	A/B/C	 	 	 	 
	Net lease portfolio by program	 	A/B/C	 	 	 	 
	Amount PRV	 	A/B/C	 	 	 	 
	Delinquencies/arrears as a percentage of gross	 	A/B/C	 	 	 	Without service
	receivables (in layers)	 	 	 	 	 	 
	Delinquencies/arrears as a percentage of gross	 	A/B/C	 	 	 	Fixed service components
	receivables (in layers)	 	 	 	 	 	 
	Contracts extended divided by total contract at	 	A/B/C	 	 	 	 
	expiration date	 	 	 	 	 	 
	Total assets in repossession (to be repossessed,	 	A/B/C	 	 	 	 
	repossessed and sold)	 	 	 	 	 	 
				
	Operational	 	 	 	 	 	 
	NBV: contractnumber, rental, fixed service, due	 	A/B/C	 	 	 	 
	dates, expiry dates	 	 	 	 	 	 
	Portfolio: Early settlement amounts	 	A/B/C	 	 	 	 
				
	A – Consolidated	 	 	 	 	 	 
	B – Country	 	 	 	 	 	 
	C – SBU	 	 	 	 	 	 
	 *D – Marketsegment (regarding this element Parties
 have acknowledged that the intended practical
 solution is not workable. As such Parties will
 investigate other solutions to capture the information
 regarding Océs
marketsegment in the systems of
 DLL).
	 	 	 	 	 	 
	E – Product type	 	 	 	 	 	 

	 Final text dd November 5. 2002
	 	KDLOINV

  
 ANNEX 7—Pricing
Grid    MATERIAL HAS BEEN OMITTED FROM THIS SECTION OF THE AGREEMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THAT MATERIAL HAS BEEN FILED SEPARATELY WITH THE OFFICE OF THE SECRETARY OF THE U.S. SECURITIES
EXCHANGE COMMISSION. A DOUBLE ASTERISK (“**”) MARKS EACH PLACE WHERE INFORMATION HAS BEEN OMITTED PURSUANT TO SUCH REQUEST. 
  
 As per the Closing Date DLL will apply a Contract Rate which is built up as follows: 
  

	1)	 	the Base Rate. 

  
 The Base Rate will be an effective rate in accordance with market conventions of the currency involved and the interest calculation conventions of that
currency. For payment frequencies other than the related convention, the monthly or quarterly rate will be calculated in such a way that the effective rate is equal to the rate mentioned in the preceding sentence. 
  
 The Base Rate will be increased by 
  

	2)	 	the Margin, being **. 

  
 Quarterly the Margin may be increased with **—on a country by country basis—if and when less than **. This will be measured per country, on the
last day of the month of a three-month period starting from the first anniversary of the relevant Accession Agreement. 
  
 If and when at the day of measurement ** make ** or more of the total portfolio, the surcharge of ** will be withdrawn. 
  
 The Base Rate and the Margin will be increased by 
  

	3)	 	The Spread. 

  
 The Spread depends on **, as follows: ** 
  
  
  
  

	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 

  
  
 CoF + spread = discount rate or Contract Rate 
  
 The Margin and Spread Rate are fixed for one year as of the Closing Date. 
  
 Fees : 
  
 On top of the Contract Rates used in the lease-rate factors used in the offers to the End-Users, the DLL may also charge fees to **. 
  
 Late payment charges of ** will be charged for amounts which are overdue for more than 30 days, but only if and when such nominal amount **. 
  
 Orderly rundown or portfolio transfer 
  
 In case of churns, upgrades or extensions under an orderly rundown DLL will use a discount
rate equal to **. 
  
 In case of DLL selling the portfolio to Océ as a
consequence of the termination of the PLPA or Accession Agreement, as applicable, the value of the lease-portfolio will be calculated **. 

 Final text dd November 5. 2002 
 KDLOINV 
  
 ANNEX 8—Protocol migration
existing portfolio 
  
 MATERIAL HAS BEEN OMITTED FROM THIS SECTION OF
THE AGREEMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THAT MATERIAL HAS BEEN FILED SEPARATELY WITH THE OFFICE OF THE SECRETARY OF THE U.S. SECURITIES EXCHANGE COMMISSION. A DOUBLE ASTERISK (“**”) MARKS EACH PLACE WHERE
INFORMATION HAS BEEN OMITTED PURSUANT TO SUCH REQUEST. 
  

	A)	 	Method to be used to calculate the value of the lease portfolio 

  
 The portfolio can only be accepted if the contract and the program (= financial product) offered are in line with the agreed approach for new business and the credit of
the End-User is acceptable according to the requirements of the RMP 
  
 The
discount rate that will be used to calculate the value of the portfolio will be based on the following formula: **. 
  

	B)	 	Structure 

  
 No recourse and loss pool structures 
  
 Background 
  
 Océ would like to transfer the full existing lease portfolio to the DLL Companies. However, as the acceptance rate may not be 100%, part of the portfolio would
remain with Océ. As Océ would prefer to not maintain its current lease systems and infrastructure, Océ and DLL will in such case consider different structures, (which should be acceptable to both parties), such as but not
limited to arrangements under which DLL services the part of the lease-portfolio remaining with Océ (on its balance sheets), always at arms lengths rates and conditions. 
  
 Please note that for the purpose of this document, Océ assumes that applications are only rejected because of unacceptable
creditworthiness of the lessees. Other issues (e.g. legal and operational issues) have not been taken into account at this point in time. 
  

	C)	 	Timing 

  
 Migration of the existing portfolio of an Océ subsidiary may take place in one or more batches but will be organised such that it can be finalised within 6 month’s after commencement of migration of that
portfolio. 
  

	D)	 	Conditions precedent 

  
 Each Sale & Purchase Agreement will be subject to a legal opinion on true sale under SFAS 140. Costs involved will be for the account of Océ. 

 ANNEX 9 - Payment structure 
  

	 	-	 	DLL will pay investment invoices related to activated contracts to Océ (country) on behalf of DLL within 3 working days after receipt of the original invoice and the other
requirements as set out in the SLA. 

  

	 	-	 	In case fixed maintenance has to be invoiced to the End-Users, DLL will pay the invoiced amounts unconditionally upon due date of the relevant End-User invoice. DLL will however not
bear the credit risk in that respect. If an End-User argues the invoice and subsequently does not pay, Océ will repay the respective amounts to DLL, within 5 days after the day the dispute was notified to Océ 

 

	 	-	 	In case DLL Company has invoiced variable maintenance (excess copies) to End-Users, the amounts due will be paid unconditionally on due date (by DLL), which happens to be country
specific but normally at 60 days after invoice date. DLL will however not bear the credit risk in that respect If a End-User argues the variable invoice Océ will repay the respective amounts to DLL, within 5 days after the 60th day indicated above.

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