Document:

EXHIBIT 10.15

                              CONSULTANT AGREEMENT

This Agreement is made and entered into as of the ___th day of May, 2005,
between Sonoma College, Inc. and its subsidiaries (the "Company") and CEOcast,
Inc. (the "Consultant")

     In consideration of and for the mutual promises and covenants contained
herein, and for other good and valuable consideration, the receipt of which is
hereby acknowledged, the parties agree as follows:

1.   PURPOSE. The Company hereby employs the Consultant during the Term (as
     defined below) to render Investor Relations services to the Company, upon
     the terms and conditions as set forth herein.

2.   TERM. This Agreement shall be effective for a one-year period commencing on
     the date hereof (unless terminated earlier pursuant to Section 6 below (the
     "TERM")).

3.   DUTIES OF CONSULTANT. During the term of this Agreement, the Consultant
     shall provide to the Company those services outlined in Exhibit A.
     Notwithstanding the foregoing, it is understood and acknowledged by the
     parties that the Consultant: (a) shall perform its analysis and reach its
     conclusions about the Company independently, and that the Company shall
     have no involvement therein; and (b) shall not render advice and/or
     services to the Company in any manner, directly or indirectly, that is in
     connection with the offer or sale of securities in a capital raising
     transaction or that could result in market making.

4.   EXPENSES. The Company, upon receipt of appropriate supporting
     documentation, shall reimburse the Consultant for any and all reasonable
     out-of-pocket expenses incurred by it in connection with services requested
     by the Company, including, but not limited to, all charges for travel,
     printing costs and other expenses spent on the Company's behalf. The
     Company shall immediately pay such expenses upon the presentation of
     invoices together with appropriate receipts and vouchers. Consultant shall
     not incur more than $500 in expenses without the express written consent of
     the Company.

5.   COMPENSATION. For services to be rendered by the Consultant hereunder, the
     Consultant shall receive from the Company upon the signing of the
     Agreement: (a) $10,000 (the "Retainer") which shall represent the first and
     last month's payment under the Agreement and (b) 200,000 shares of the
     Company's fully-paid non-assessable restricted common stock. Company agrees
     that it shall register, at its expense, Consultant's shares in connection
     with any offering of its securities other than the Company's Form SB2
     registration ("piggyback" registration rights). In addition, the Company
     shall pay Consultant on or before the 15th day of each of the next ten
     months, $5,000 plus expenses as outlined in Section 4. The Company shall
     also pay any accrued but unpaid expenses under Section 4 at the end of the
     Term. In the event that this Agreement is terminated pursuant to Section 6
     hereof, the Consultant shall refund and return to the Company shares of the
     Company (provided to the Consultant pursuant to Section 5(b)) in an amount
     equal to the number of days from the date of termination to the first
     anniversary of this agreement multiplied by 548.

6.   TERMINATION. The Company may terminate this Agreement at any time upon a
     breach of this Agreement by the Consultant and such breach remains uncured
     for five (5) days from the date of written notice from the Company to the
     Consultant of such breach.

7.   FURTHER AGREEMENTS. Because of the nature of the services being provided by
     Consultant hereunder, Consultant acknowledges that if it may receive access
     to Confidential Information (as defined in Section 8 hereof) and that, as a
     consultant to the Company, it will attempt to provide advice that serves
     the best interest of the Company. Because of the uniqueness of this
     relationship, the Consultant covenants and agrees that, with respect to the
     Company's common stock that it receives pursuant to Section 5 above,
     Consultant shall, at all times that it

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     is the beneficial owner of such shares, vote such shares on all matters
     coming before it as a stockholder of the Company in the same manner as the
     majority of the Board of Directors of the Company shall recommend.

8.   CONFIDENTIALITY.

     (a)  Consultant acknowledges that as a consequence of its relationship with
          the Company, it may be given access to confidential information which
          may include the following types of information; financial statements
          and related financial information with respect to the Company and its
          subsidiaries, trade secrets, products, product development, product
          packaging, future marketing materials and plans, business plans,
          certain methods of operations, procedures, improvements, systems,
          customer lists, supplier lists and specifications, and other private
          and confidential materials concerning the Company's business
          (collectively, "Confidential Information"). Information shall be
          treated as Confidential Information, whether provided in writing or
          orally, if it would, under the circumstances, appear to a reasonable
          person to be confidential or proprietary and all information
          identified as being "confidential" or "trade secret" shall be presumed
          to be Confidential Information.

     (b)  Consultant covenants and agrees to hold such Confidential Information
          strictly confidential and shall only use such information solely to
          perform its duties under this Agreement, and Consultant shall refrain
          from allowing such information to be used in any way for its own
          private or commercial purposes. Consultant shall also refrain from
          disclosing any such Confidential Information to any third parties
          except to those directors, officers, employees, consultants and agents
          of Consultant who are required to have the information in connection
          with this Agreement; provided, however that Consultant clearly informs
          such directors, officers, employees, consultants and agents who have
          access to Confidential Information of their obligation to maintain the
          confidential status of the Confidential Information. Consultant agrees
          to promptly notify the Company in writing of any misuse or
          misappropriation of such Confidential Information which may come to
          its attention. Consultant further agrees that upon termination or
          expiration of this Agreement, it will return all Confidential
          Information and copies thereof to the Company and will destroy all
          notes, reports and other material prepared by or for it containing
          Confidential Information.

     (c)  Consultant understands and agrees that the Company might be
          irreparably harmed by violation of this Agreement and that monetary
          damages may be inadequate to compensate the Company. Accordingly, the
          Consultant agrees that, in addition to any other remedies available to
          it at law or in equity, the Company shall be entitled to (i) to obtain
          injunctive relief against the threatened breach of this Agreement or
          the continuation of any such breach, without the necessity of proving
          actual damages; and (ii) to be indemnified by the Consultant from any
          loss or harm, including but not limited to attorney's fees, arising
          out of or in connection with any breach or enforcement of the
          Consultant's obligations under this Agreement or the unauthorized use
          or disclosure of the Confidential Information.

     (d)  Notwithstanding the foregoing, nothing herein shall be construed as
          prohibiting Consultant from disclosing any Confidential Information
          (a) which at the time of disclosure, Consultant can demonstrate either
          was in the public domain and generally available to the public or
          thereafter becomes a part of the public domain and is generally
          available to the public by publication or otherwise through no act of
          the Consultant; (b) which Consultant can establish was independently
          developed by a third party who developed it without the use of the
          Confidential Information and who did not acquire it directly or
          indirectly from Consultant under an obligation of confidence; (c)
          which Consultant can show was received by it after the termination of
          this Agreement from a third party who did not acquire it directly or
          indirectly from the Company under an obligation of confidence; or (d)
          to the extent that the Consultant can reasonably

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          demonstrate such disclosure is required by law or in any legal
          proceeding, governmental investigation, or other similar proceeding,
          provided that the Consultant shall give prompt notice so that the
          Company may seek a protective order or other appropriate relief. In
          the event that such protective order is not obtained, the Consultant
          shall disclose only that portion of the Confidential Information which
          its counsel advises that it is legally required to disclose.

9.   SEVERABILITY. If any provision of this Agreement shall be held or made
     invalid by a statute, rule, regulation, decision of a tribunal or
     otherwise, the remainder of this Agreement shall not be affected thereby
     and, to this extent, the provisions of this Agreement shall be deemed to be
     severable.

10.  GOVERNING LAW; VENUE; JURISDICTION. This Agreement shall be construed and
     enforced in accordance with and governed by the laws of the State of New
     York, without reference to principles of conflicts or choice of law
     thereof. Each of the parties consents to the jurisdiction of the U.S.
     District Court in the Southern District of New York in connection with any
     dispute arising under this Agreement and hereby waives, to the maximum
     extent permitted by law, any objection, including any objection based on
     FORUM NON CONVENIENS, to the bringing of any such ----- --- ----------
     proceeding in such jurisdictions. Each party hereby agrees that if another
     party to this Agreement obtains a judgment against it in such a proceeding,
     the party which obtained such judgment may enforce same by summary judgment
     in the courts of any country having jurisdiction over the party against
     whom such judgment was obtained, and each party hereby waives any defenses
     available to it under local law and agrees to the enforcement of such a
     judgment. Each party to this Agreement irrevocably consents to the service
     of process in any such proceeding by the mailing of copies thereof by
     registered or certified mail, postage prepaid, to such party at it address
     set forth herein. Nothing herein shall affect the right of any party to
     serve process in any other manner permitted by law. Each party waives its
     right to a trial by jury.

11.  MISCELLANEOUS.

     (a)  Any notice or other communication between parties hereto shall be
          sufficiently given if sent by certified or registered mail, postage
          prepaid, if to the Company, addressed to it at 1304 South Point Blvd.
          Suite 280, Petaluma, CA 94954 Attention: Chief Executive Officer or if
          to the Consultant, addressed to it at CEOcast, Inc., 55 John Street,
          11th Floor, New York, New York 10038, Attention: Administrator,
          facsimile number: (212) 732-1131, or to such address as may hereafter
          be designated in writing by one party to the other. Any notice or
          other communication hereunder shall be deemed given three days after
          deposit in the mail if mailed by certified mail, return receipt
          requested, or on the day after deposit with an overnight courier
          service for next day delivery, or on the date delivered by hand or by
          facsimile with accurate confirmation generated by the transmitting
          facsimile machine, at the address or number designated above (if
          delivered on a business day during normal business hours where such
          notice is to be received), or the first business day following such
          delivery (if delivered other than on a business day during normal
          business hours where such notice is to be received).

     (b)  This Agreement embodies the entire Agreement and understanding between
          the Company and the Consultant and supersedes any and all
          negotiations, prior discussions and preliminary and prior arrangements
          and understandings related to the central subject matter hereof.

     (c)  This Agreement has been duly authorized, executed and delivered by and
          on behalf of the Company and the Consultant.

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     (d)  This Agreement and all rights, liabilities and obligations hereunder
          shall be binding upon and inure to the benefit of each party's
          successors but may not be assigned without the prior written approval
          of the other party.

          IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
          of the date hereof.

                                                  SONOMA COLLEGE, INC.

                                                By:____________/s/____________

                                                CEOCAST, INC.

                                                By:_________/s/_______________

                                                          EXHIBIT ADated 23 May 2005

                    (1) UBINETICS HOLDINGS LIMITED as Seller

                (2) AEROFLEX TEST SOLUTIONS LIMITED as Purchaser

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

                           SALE AND PURCHASE AGREEMENT
     for the entire issued share capital of UbiNetics Limited together with
       such parts of the SPG business as are conducted in India, Japan and
                                    Hong Kong
    ------------------------------------------------------------------------

                               SUBJECT TO CONTRACT

                        STRICTLY PRIVATE AND CONFIDENTIAL

                                     MAYER
                                     BROWN
                                      ROWE
                                     & MAW

                                    LONDON

<PAGE>

                                    CONTENTS

CLAUSE                                                                  PAGE

1.       Definitions and interpretation...................................1
2.       Agreement to sell and purchase..................................13
3.       Consideration...................................................14
4.       Completion......................................................16
5.       Indian Completion...............................................17
6.       Joint Account...................................................18
7.       Contracts.......................................................19
8.       Employees.......................................................20
9.       Warranties......................................................25
10.      Purchaser's warranties..........................................26
11.      Guarantees......................................................26
12.      Restrictions on Seller..........................................27
13.      Asbestos indemnity..............................................29
14.      Announcements and confidentiality...............................30
15.      Costs...........................................................32
16.      Entire agreement................................................34
17.      Continuing effect...............................................34
18.      Invalidity......................................................34
19.      Amendments, variations and waivers..............................34
20.      Further assurance and assistance................................35
21.      Counterparts....................................................36
22.      Assignment and third party rights...............................37
23.      Notices.........................................................37
24.      Governing law and jurisdiction..................................38

<PAGE>

SCHEDULES

1.                  Details of the Company
2.                  Intellectual Property
3.                  Completion arrangements
4.                  Warranties
5.                  Limitations on claims
6.                  The Properties
7.                  Completion Net Asset Statement
8.                  Earn Out Consideration
9.                  Guarantees
10.                 Conduct of the Indian Business until Indian Completion
11.                 Conditions

<PAGE>

DOCUMENTS IN THE AGREED TERMS

Deed of Tax Covenant
Disclosure Letter
Letters of resignation for Directors and the secretary
Letters of resignation for auditors
Powers of attorney
Local Agreement relating to the Indian Assets
Local Agreement relating to the Far East Assets
Letter of Instructions
Transitional Services Agreement
Deed of Guarantee
Indemnity for lost share certificate
Deed of Waiver of Intra-Group Debt
Deed of Waiver of Dividend

<PAGE>

THIS AGREEMENT is dated 23 May 2005 and made between:

(1)  UBINETICS  HOLDINGS  LIMITED a company  incorporated  in England  and Wales
     (registered  number  03936291)  whose  registered  office  is at  Cambridge
     Technology Centre, Back Lane, Melbourn, Royston, Hertfordshire SG8 6DP (the
     "SELLER"); and

(2)  AEROFLEX TEST SOLUTIONS LIMITED a company incorporated in England and Wales
     (registered number 03491978) whose registered office is at Longacres House,
     Six Hills Way, Stevenage SG1 2AN (the "PURCHASER").

BACKGROUND:

(A)  UbiNetics  Limited is a company  limited by shares  incorporated in England
     and Wales on 16  October  1998 with  registered  number  03650692.  Further
     details of the Company are set out in Schedule 1 (Details of the Company).

(B)  The Seller has agreed to sell or procure to be sold and the  Purchaser  has
     agreed to purchase:

     (i)  the entire issued share capital of the Company; and

     (ii) the Assets,

     for the consideration and upon the terms set out in this Agreement.

IT IS AGREED THAT:

1.        DEFINITIONS AND INTERPRETATION

1.1       DEFINED TERMS

          In this Agreement:

          "ADDITIONAL  EMPLOYEE"  means  each of those  persons  working  in the
          Indian Business or the Far East Business who are based in India, Japan
          or Hong Kong and who are listed by hire date,  job title and  location
          on the list of Additional  Employees  disclosed at Disclosure Document
          5.84;

          "AGREED PAYMENT" shall have the meaning set out in Paragraph 4.4, Part
          1 of Schedule 7 (Completion Net Asset Statement);

          "AGREED  TERMS" means,  in relation to any document,  that document in
          the terms  agreed  between the parties  and signed or  initialled  for
          identification  purposes  only by or on behalf of each party  prior to
          execution of this Agreement;

          "AMOUNT  CLAIMED"  means in respect  of any Claim the  amount  claimed
          (including  costs and  expenses  incurred)  in respect of the relevant
          Claim;

          "ASBESTOS"  means the fibrous  silicate  material in any form commonly
          referred to as asbestos and includes  asbestos fibres and any asbestos
          containing materials;

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          "ASBESTOS HEALTH LOSSES" means all or any liabilities,  damages, costs
          and expenses  (including all expert,  professional and legal fees) and
          to the  extent  allowable  by law  fines  and  penalties  in each case
          incurred by the Company  and/or the Purchaser  and/or the  Purchaser's
          Group in  respect of any claim  made or  threatened  in writing by any
          Relevant Company Employee  (including their estate or family) or other
          person  (including  consultants,   contractors  and  visitors  to  the
          Melbourn  Site) in  respect of which the  Company  owed a duty of care
          prior to the Completion Date which in each case are in relation to any
          Asbestos  Illness  suffered  or  sustained  by  the  Relevant  Company
          Employee or such other person;

          "ASBESTOS  ILLNESS"  means  any  illness,  injury,  disease  or  death
          (including but without limitation asbestosis,  mesothelioma, cancer of
          the bronchii or peritoneum) arising from or related to the exposure to
          Asbestos  at, in,  on,  over or under the  Melbourn  Site prior to the
          Completion Date;

          "ASBESTOS  INDEMNITY"  means the indemnity set out at Clauses 13.1 and
          13.2;

          "ASBESTOS  INDEMNITY  PERIOD"  means the  period  of 6 years  from the
          Completion Date;

          "ASSETS" means the Indian Assets,  the Far East Assets and the benefit
          (subject to the burden) of the Contracts;

          "ASSET  REGISTER"  means  the  register  of  assets  of  the  Business
          disclosed at Disclosure Document 3.1.64;

          "AUDIT COSTS" means the sum of (pound)264,375 payable by the Seller to
          the Seller's Accountants;

          "BALANCE SHEET DATE" means 31 December 2004;

          "BALANCING  PAYMENT  DATE" means the first  Business  Day date falling
          three Business Days after the Net Worth Confirmation Date;

          "BUSINESS"  means the  development and supply by the Company and other
          members of the Seller's Group of test and measurement solutions for 3G
          and next generation  wireless radio cellular  networks and 3G and next
          generation wireless cellular telephones;

          "BUSINESS DATA" means data relating  predominantly to the Business and
          "RETAINED DATA" means data relating predominantly to the VPT Business;

          "BUSINESS DAY" means a day (not being a Saturday or Sunday) when banks
          generally  are  open in the  City of  London  for the  transaction  of
          general banking business;

          "BUSINESS  RECORDS" means records in written or other machine readable
          form (including  computer disks or tapes) relating  exclusively to the
          Additional  Employees or to the Plant and Equipment and any other such
          records  relating  exclusively  to the Far East Business or the Indian
          Business;

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<PAGE>

          "CAMBRIDGE  SUB-LEASE" means the sub-lease  between the Seller and the
          Company  relating  to:  (a) the  part  of the  premises  at  Cambridge
          Technology Centre,  Melbourn,  Cambridge;  and (b) Portacabin 4 at the
          same premises;

          "CLAIM"  means any claim for a breach of this  Agreement,  the Deed of
          Tax  Covenant,  either  of  the  Local  Agreements  or  the  Hive  Out
          Agreement;

          "CLONED IT SYSTEM" shall have the meaning set out in the  Transitional
          Services Agreement;

          "COMPANY"  means  UbiNetics  Limited  details  of which  are  given in
          Schedule 1 (Details of the Company);

          "COMPANY EMPLOYEE" means each of those persons employed by the Company
          and listed by hire date, job title and location on the list of Company
          Employees disclosed at Disclosure Document 5.84;

          "COMPANIES ACT" means Companies Act 1985;

          "COMPANY INTELLECTUAL  PROPERTY" means all Intellectual Property which
          at the  Completion  Date is owned by the  Company and which is used in
          the Business as currently  carried on,  excluding  the Group Names and
          the Intellectual Property agreed to be assigned to the Seller pursuant
          to the Hive Out  Agreement  but  including  that  listed  in Part 1 of
          Schedule 2 (Intellectual Property);

          "COMPLETION"  means completion of the sale and purchase of the Shares,
          the  Contracts   and  the  Far  East  Assets   pursuant  to  Clause  4
          (Completion);

          "COMPLETION  DATE" means the day Completion  takes place in accordance
          with Clause 4 (Completion);

          "COMPLETION NET ASSET STATEMENT" means the statement of net assets and
          liabilities  of  the  Business  as at the  close  of  business  on the
          Completion  Date,  which shall be drawn up in the form shown in Part 2
          of Schedule 7 (Completion Net Asset Statement) and otherwise prepared,
          reviewed  and  confirmed  in  accordance  with  Part 1 of  Schedule  7
          (Completion Net Asset Statement);

          "COMPLETION  NET WORTH"  means the sum  computed  in  accordance  with
          paragraph 3 of Part 1 of Schedule 7 (Completion Net Asset Statement);

          "CONDITIONS" means the conditions set out in Schedule 11 (Conditions);

          "CONFIDENTIALITY   AGREEMENT"  means  the  confidentiality   agreement
          entered into by the Seller and the Purchaser on 17 December 2004;

          "CONTRACTS"  means the  Qualcomm  Contract  and each of the  contracts
          disclosed at Disclosure Documents 9.4, 6.1.10,  6.2.28, 6.2.29, 6.2.31
          and 6.2.34;

          "DEED OF GUARANTEE" means the deed of that name in the Agreed Terms to
          be entered into between the Guarantor and the Seller at Completion;

          "DEED OF TAX COVENANT" means the deed of that name in the Agreed Terms
          to be entered into between the Seller and the Purchaser at Completion;

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          "DEED OF  WAIVER OF  DIVIDENDS"  means  the deed in the  Agreed  Terms
          waiving all dividend payments to be entered into by the Seller and the
          Company at Completion;

          "DEED OF  WAIVER OF  INTRA-GROUP  DEBT"  means the deed in the  Agreed
          Terms  waiving all  amounts  due to the Seller or any other  member of
          Seller's Group by the Company to be entered into by the Seller and the
          Company at Completion;

          "DIRECTORS"  means the  directors  of the Company  named in Schedule 1
          (Details of the Company);

          "DISCLOSURE  DOCUMENTS" means the bundles of documents attached to the
          Disclosure  Letter and  initialled  by the  Seller's  Lawyers  and the
          Purchaser's Lawyers for the purposes of identification;

          "DISCLOSURE LETTER" means the disclosure letter from the Seller to the
          Purchaser  together  with its annexures in the Agreed Terms having the
          same date as this Agreement;

          "EARN OUT CONSIDERATION"  means the amount payable by the Purchaser to
          the  Seller  pursuant  to the  provisions  of  Clause  3.5  (Earn  Out
          Consideration)  and  Paragraphs  4.1, 4.2 or 5 of Schedule 8 (Earn Out
          Consideration);

          "EARN OUT  CONSIDERATION  DATE" means the first Business Day following
          the  expiry of 5  Business  Days after the date on which the amount of
          the Earn Out  Consideration  is agreed  pursuant to the  provisions of
          Paragraph 2 of Schedule 8 (Earn Out Consideration);

          "EARN OUT PERIOD" means the period from 1 July 2005 to 30 June 2006;

          "EARN OUT STATEMENT"  means the statement of Turnover and Gross Profit
          prepared,  reviewed and agreed in  accordance  with the  provisions of
          Schedule 8 (Earn Out Consideration);

          "EMPLOYEES" means the Company Employees and the Additional Employees;

          "EMPLOYER'S  LIABILITY  INSURANCE  POLICIES"  means  those  employer's
          liability  insurance  policies held by the Company,  the Seller or any
          other member of the  Seller's  Group at or prior to the date hereof in
          respect of liabilities of the Company or the Business;

          "ENCUMBRANCE"  means any  claim,  charge,  mortgage,  security,  lien,
          option,  power of sale,  hypothecation  or other third  party  rights,
          retention of title,  right of  pre-emption,  right of first refusal or
          security  interest of any kind or agreement or  arrangement  to create
          any of the foregoing;

          "ENVIRONMENT"  means all and any of the following  media,  being land,
          water and air, and all living organisms including humans;

          "ENVIRONMENTAL  LAWS" means all or any applicable  law, in force at or
          prior to the date of this  Agreement  including  common law,  statute,
          statutory  instrument,  regulation,  code  of  practice  or  guidance,
          directive,  regulation,  by-law,  order, notice,  decree,  injunction,
          resolution  or  judgment  of any court  which in each case is  legally

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          binding and which has as its purpose or effect the  prevention of harm
          to or protection of the Environment;

          "ENVIRONMENTAL   PERMITS"   means  all  or  any   permits,   licences,
          authorisations,   consents,  approvals,   certificates  including  any
          conditions  thereof  required  under  any  Environmental  Laws for the
          activities  of the Company or the  occupation or use by the Company of
          any premises or the  Properties  in relation to the  activities of the
          Company each at the date hereof;

          "ESCROW AMOUNT" means an amount equal to  (pound)6,900,000  or, as the
          case may be, the  balance of such amount  after any  payment  from the
          Joint  Account to the Seller or the  Purchaser  pursuant to Clause 6.5
          (Payment from Joint Account);

          "ESSENTIAL  IP"  means  IPR (as  defined  in the  ETSI  Guide  on IPRs
          1.9.2004 namely Intellectual Property including  copyrights,  patents,
          utility models,  registered  designs and applications for any of these
          but excluding trade marks, trade secrets, confidential information and
          rights relating to get-up (packaging)),  without which it would not be
          possible  on  technical  (but not  commercial)  grounds,  taking  into
          account normal  technical  practice and the state of the art generally
          available  at the  time of  standardisation,  to  make,  sell,  lease,
          otherwise  dispose of,  repair,  use or operate  equipment  or methods
          which comply with a standard  (namely any standard  adopted by ETSI or
          by 3GPP  (the  Third  Generation  Partnership  Project)  or any  other
          organisational partner of 3GPP) without infringing that IPR;

          "FAR  EAST  ASSETS"  means  the  Business  Records  and the  Plant and
          Equipment,  in each  case to the  extent  they  relate to the Far East
          Business;

          "FAR EAST BUSINESS" means such part of the Business as is conducted by
          the Far East Seller;

          "FAR  EAST   PURCHASER"   means  Aeroflex  Asia  Limited,   a  company
          incorporated  under the laws of Hong Kong  (registered  number 733044)
          whose registered office is at Room 2810, China Resources Building,  26
          Harbour Road, Hong Kong;

          "FAR EAST EMPLOYEES" means each of the Additional Employees working in
          the Far East  Business who are based in Hong Kong or Japan and who are
          listed by hire date,  job title and  location  on the list of Far East
          Employees disclosed at Disclosure Document 5.84;

          "FAR EAST  SELLER"  means  UbiNetics  (Hong Kong)  Limited,  a company
          incorporated under the laws of Hong Kong (registered  number:  672423)
          whose registered  office is at 20/F, St George's  Building,  No.2, Ice
          House Street, Central, Hong Kong;

          "FINALLY DETERMINED" means, in relation to a Claim or any other claim,
          if and when a court of competent jurisdiction has delivered a judgment
          in respect of such Claim or claim (whether on appeal or otherwise) and
          any one of the following provisions applies:

          (a)  where no  application  has been made for  permission  or leave to
               appeal against such judgment within the requisite time period for
               so doing as provided in the relevant court rules; or

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<PAGE>

          (b)  where an  application  for permission or leave to appeal has been
               made within the requisite  time period but such  application  has
               been  refused and may not be renewed in a higher  court (or where
               the  requisite  time  period for  renewing  such  application  as
               provided in the relevant court rules has expired); or

          (c)  where  permission  or leave to appeal has been  granted  but such
               appeal has been withdrawn or refused; or

          (d)  where there is no right of appeal against any such judgment.

          Where a time  period  as  provided  in the  relevant  court  rules has
          expired,  an  application  to extend such time period or a court order
          extending  such time period  shall be of no effect for the purposes of
          this definition.

          "FINANCIAL  YEAR" means an accounting  reference  period as defined in
          accordance with s223 Companies Act;

          "GROSS  PROFIT"  means the gross  profit of the Business in respect of
          the Earn Out Period as calculated  and  determined in accordance  with
          the provisions of Schedule 8 (Earn Out Consideration);

          "GROSS PROFIT BENCHMARK" means 86.81 per cent;

          "GROSS PROFIT  PERCENTAGE" means the ratio of Gross Profit to Turnover
          expressed as a percentage;

          "GROUP"  means  the  Purchaser's  Group  or  the  Seller's  Group,  as
          appropriate;

          "GROUP  NAMES" means the name  UBINETICS  and the stylised  version of
          that name as shown in Part 2 of Schedule 2 (Intellectual Property);

          "GUARANTEES"  means each of the guarantees and  indemnities set out in
          Schedule 9 (Guarantees);

          "GUARANTOR" means Aeroflex  Incorporated a company incorporated in the
          State of Delaware whose registered office is at 35 South Service Road,
          Plainview, New York 11803 USA;

          "HAZARDOUS  SUBSTANCES"  means any natural or artificial  substance or
          combination of substances  including but not limited to waste (whether
          in solid or liquid  form or in the form of a gas or vapour)  which are
          hazardous,  toxic or  dangerous  and  capable of  causing  harm to the
          Environment;

          "HIVE OUT AGREEMENT" means the asset purchase  agreement  disclosed at
          Disclosure Document 6.3.25;

          "ICTA" means the Income and Corporation Taxes Act 1988;

          "INDIAN  ASSETS"  means  the  Business   Records  and  the  Plant  and
          Equipment,  in each  case to the  extent  they  relate  to the  Indian
          Business;

          "INDIAN  BUSINESS"  means such part of the Business as is conducted by
          the Indian Seller;

                                       6

<PAGE>

          "INDIAN  COMPLETION"  means the completion of the sale and purchase of
          the Indian Assets and the transfer of the Indian Employees pursuant to
          Clause 5 (Indian Completion);

          "INDIAN  COMPLETION DATE" means the day Indian  Completion takes place
          in accordance with Clause 5 (Indian Completion);

          "INDIAN  EMPLOYEES" means each of the Additional  Employees working in
          the Indian  Business who are based in India and who are listed by hire
          date, job title and location on the list of Indian Employees disclosed
          at  Disclosure  Document  5.84  as  such  list  shall  be  updated  in
          accordance with Clause 8.1 (Provision of Information);

          "INDIAN LONG STOP DATE" means 30 September  2005 or such later date as
          the Seller and the Purchaser agree in writing;

          "INDIAN   PROPERTY"   means   34   Langford   Road,   Shanthi   Nagar,
          Bangalore-560027, India;

          "INDIAN   PURCHASER"  means  Aeroflex  Test  Solutions  India  Private
          Limited,  (Registration  Number  CIN-U72200KA2004  PTC  035306)  whose
          registered  office is at 14th Floor, 'B' Wing,  Miltal Tower,  47/6 MG
          Road, Bangalore 560 001, India;

          "INDIAN  SELLER"  means  UbiNetics  India  Private  Limited  a company
          incorporated   under   the   laws   of   India   (registered   number:
          U72200KA2001PTC028495) whose registered office is at 34 Langford Road,
          Shanthi Nagar, Bangalore-560027, India;

          "INITIAL  CONSIDERATION"  shall have the meaning set out in Clause 3.2
          (Initial Consideration);

          "INITIAL  PAYMENT"  shall  have  the  meaning  set out in  Clause  3.3
          (Payment of Initial Consideration);

          "INTELLECTUAL  PROPERTY" means all  intellectual  property,  including
          patents,  utility models, trade and service marks, trade names, domain
          names, right in designs,  copyrights, moral rights, topography rights,
          rights in databases,  trade secrets and know-how, in all cases whether
          or not  registered  or  registrable  and including  registrations  and
          applications  for registration of any of these and rights to apply for
          the same and all rights and forms of protection of a similar nature or
          having  equivalent or similar  effect to any of these  anywhere in the
          world;

          "IP LICENCE" means the licence of Intellectual  Property  disclosed at
          Disclosure Document 9.9;

          "IT  COSTS"  means  the  costs  payable  by the  Company  on or  after
          Completion  in respect of  purchasing  the IT  hardware  and  software
          listed in Disclosure Document 9.73;

          "JOINT  ACCOUNT"  means the  separately  designated  interest  bearing
          deposit  account  to be opened  at Royal  Bank of  Scotland  Bank plc,
          Blackfriars  Branch in the joint names of the Seller's Lawyers and the
          Purchaser's Agent;

                                       7

<PAGE>

          "LETTER OF INSTRUCTIONS" means the letter of instructions  relating to
          the Joint Account in the Agreed Terms;

          "LIBOR" means:

          (a)  the applicable Screen Rate; or

          (b)  (if no Screen  Rate is  available  for the  relevant  currency or
               relevant  period)  the  rate as  supplied  to the  Seller  at its
               request  quoted by the Reference Bank to the leading banks in the
               London interbank market;

          "LOCAL AGREEMENTS" means the local transfer agreements relating to the
          Indian Assets and the Far East Assets in the Agreed Terms;

          "LOSSES" in respect of any  matter,  event or  circumstance  means all
          losses,  claims,  demands,  actions,  proceedings,  damages  and other
          payments, costs, expenses or other liabilities of any kind;

          "MATERIAL CONTRACTS" means:

          (a)  all  contracts  for  the  sale or  supply  by any  member  of the
               Seller's  Group of goods or services  relating to the Business in
               respect  of  which  there  are  unperformed  obligations  at  the
               Completion  Date for the sale or supply of such goods or services
               or for the payment for such goods or services;

          (b)  all  contracts  for  the  sale or  supply  to any  member  of the
               Seller's  Group of goods or services  relating to the Business in
               respect  of  which  there  are  unperformed  obligations  at  the
               Completion  Date for the sale or supply of such goods or services
               or for the payment for such goods or services and under which the
               relevant   member  of  the  Seller's  Group  has  an  outstanding
               obligation  to pay a sum  which  is  reasonably  likely  to be in
               excess of (pound)50,000;

          (c)  all agency or distribution  contracts  entered into by any member
               of the  Seller's  Group in  relation  to the  Business  which are
               subsisting at the Completion Date; and

          (d)  all contracts for the grant of a licence:

               (i)  by any member of the Seller's Group of Intellectual Property
                    granted in the course of the Business; and

               (ii) to any member of the Seller's Group of Intellectual Property
                    granted in the course of the Business,

                  which, in each case, are subsisting at the Completion Date;

          "MELBOURN  SITE"  means the  Cambridge  Technology  Centre,  Melbourn,
          Hertfordshire, SG8 6DP including all grounds and external areas within
          its boundaries;

          "NET WORTH CONFIRMATION DATE" means the date upon which the Completion
          Net Worth is determined in accordance  with Schedule 7 (Completion Net
          Asset Statement);

                                       8

<PAGE>

          "PENSION SCHEME" means the UbiNetics Stakeholder Pension Plan;

          "PLANT AND EQUIPMENT" means:

          (a)  all  items of  plant,  machinery,  tools,  patterns,  prototypes,
               fittings,  furniture  and  equipment  (whether  fixed  or  loose)
               including without limitation,  any computer  equipment,  owned or
               used by the Seller or any other member of the Seller's  Group and
               used  predominantly in connection with the Indian Business or the
               Far East Business at the Completion  Date (in the case of the Far
               East Business) or at the Indian  Completion  Date (in the case of
               the Indian Business); and

          (b)  the  motor  vehicle  owned or used by the  Indian  Seller  on the
               Indian Completion Date predominantly in the conduct of the Indian
               Business as listed in the Asset Register.

          "PROPERTIES"  means the leasehold  properties  described in Schedule 6
          (The Properties);

          "PURCHASER'S  AGENT"  means  Pinsent  Masons of 30  Aylesbury  Street,
          London EC1R 0ER;

          "PURCHASER'S  ACCOUNTANTS" means KPMG LLP of 37 Hills Road, Cambridge,
          CB2 1XL;

          "PURCHASER'S  GROUP" means any of the following from time to time: the
          Purchaser, its subsidiaries (including,  solely after Completion,  the
          Company)   and   subsidiary   undertakings   (and   their   respective
          subsidiaries and subsidiary  undertakings)  and any holding company or
          parent  undertaking  of the Purchaser and all other  subsidiaries  and
          subsidiary  undertakings of any holding company or parent  undertaking
          of the  Purchaser  and  "MEMBER  OF THE  PURCHASER'S  GROUP"  shall be
          construed accordingly;

          "PURCHASER'S LAWYERS" means Skadden,  Arps, Slate, Meagher & Flom (UK)
          LLP, 40 Bank Street, London E14 5DS;

          "QUALCOMM CONTRACT" means the test equipment licence agreement entered
          into  between the Seller and  Qualcomm  Incorporated  dated 7 February
          2003 (as varied on 12 February  2003) a copy of which is  disclosed at
          Disclosure Document 9.8;

          "REFERENCE BANK" means National Westminster Bank plc;

          "RELEVANT ACCOUNTING  STANDARDS" means, in relation to the SPG Audited
          Accounts, any of the following in force on the Balance Sheet Date: any
          applicable  Statement  of  Standard  Accounting  Practice,   Financial
          Reporting Standard,  Urgent Issues Task Force Abstract or Statement of
          Recommended  Practice issued by the Accounting Standards Board (or any
          successor body) or any committee of it or body recognised by it;

          "RELEVANT COMPANY EMPLOYEE" means any Relevant Employee of the Company
          at or prior to the Completion Date.

                                       9

<PAGE>

          "RELEVANT EMPLOYEE" means any officer or Employee or former officer or
          employee  of the  Company in respect of the  Business  or any of their
          dependants;

          "RESTRICTED AREA" means China,  Finland,  France,  Germany, Hong Kong,
          Ireland,  Italy, Japan, Korea, Poland, Sweden, United Kingdom,  United
          States of America and any other country where there have been sales of
          products or services of the Business in excess of (pound)75,000 within
          the 12 months immediately preceding the Completion Date;

          "RESTRICTED   BUSINESS"  means  research  into  and  the  development,
          distribution, sale and supply of test and measurement solutions for 3G
          and next generation  wireless radio cellular  networks and 3G and next
          generation  wireless  cellular  telephones as the same is conducted by
          the Company and other  members of the  Seller's  Group in the ordinary
          course prior to Completion;

          "RETENTION" means the sum of (pound)6,900,000;

          "RETENTION  RELEASE DATE" means the second  anniversary of the date of
          this Agreement;

          "SCREEN  RATE"  means  the  British   Bankers   Association   Interest
          Settlement Rate for the relevant  currency and period displayed on the
          appropriate Telerate screen. If the agreed page is replaced or service
          ceases to be available, the Seller may specify another page or service
          displaying the appropriate rate after consultation with the Purchaser;

          "SELLER'S  ACCOUNTANTS"  means  Deloitte & Touche  LLP of Leda  House,
          Station Road, Cambridge CB1 2RN;

          "SELLER'S  GROUP" means any of the  following  from time to time:  the
          Seller, its subsidiaries (including, solely prior to or on Completion,
          the  Company)  and  subsidiary   undertakings  (and  their  respective
          subsidiaries and subsidiary  undertakings)  and any holding company or
          parent  undertaking  of the  Seller  and all  other  subsidiaries  and
          subsidiary  undertakings of any holding company or parent  undertaking
          of the Seller and "MEMBER OF THE  SELLER'S  GROUP"  shall be construed
          accordingly;

          "SELLER'S  LAWYERS"  means  Mayer,  Brown,  Rowe & Maw LLP (an English
          limited  liability  partnership)  whose  registered  office  is  at 11
          Pilgrim Street, London EC4V 6RW;

          "SHARES" means the entire issued share capital of the Company  details
          of which are given in Schedule 1 (Details of the Company);

          "SPG  AUDITED  ACCOUNTS"  means the accounts  disclosed at  Disclosure
          Document 3.1.60;

          "SPG  MANAGEMENT  ACCOUNTS"  means,  in relation to the Business,  the
          unaudited  balance  sheet as at 28  February  2005  and the  unaudited
          profit and loss  account in respect of the two month  period  ended 28
          February 2005 disclosed at Disclosure Document 3.1.61;

                                       10

<PAGE>

          "SUPPLIER" means any person or other organisation  whatsoever that has
          supplied or agreed to supply  goods or services to the Business at any
          time during the eighteen  months prior to Completion,  or who supplied
          goods or services at Completion to the Business;

          "TAX" or "TAXATION" means and includes,  without limitation, (a) taxes
          on gross or net  income,  profits  and  gains,  (b) all  other  taxes,
          levies,  duties,  imposts,  charges  and  withholdings  of any nature,
          including any excise,  property,  value added, sales, use, occupation,
          transfer,  franchise and payroll  taxes and any national  insurance or
          social  security  contributions  and (c) all  penalties,  charges  and
          interest relating to any of the foregoing or to any later or incorrect
          return in respect of any of them;

          "TAX AUTHORITY" means any authority, body or person (whether inside or
          outside the United Kingdom) competent to impose any liability to Tax;

          "TAX  STATUTE"   means  all   legislation,   directives,   orders  and
          regulations  in force or coming into force from time to time providing
          for or imposing Tax;

          "TAX WARRANTIES" means the Warranties set out in Schedule 4, Paragraph
          19 (Taxation matters) and Warranty 17.9;

          "TRANSACTION  DOCUMENTS"  means  this  Agreement,   the  Deed  of  Tax
          Covenant,  the  Transitional  Services  Agreement,  each of the  Local
          Agreements, the Disclosure Letter and the Deed of Guarantee;

          "TRANSITIONAL  SERVICES  AGREEMENT"  means the agreement in the Agreed
          Terms relating to the provision of transitional services to be entered
          into between the Seller and the Company on Completion;

          "TURNOVER"  means the net  turnover of the  Business in respect of the
          Earn Out Period as calculated  and  determined in accordance  with the
          provisions of Schedule 8 (Earn Out Consideration);

          "TURNOVER  ELEMENT" means the amount calculated in accordance with the
          provisions of Paragraph 4.1 of Schedule 8 (Earn Out Consideration);

          "UNSATISFIED AMOUNTS CLAIMED" means, on the Retention Release Date, an
          amount equal to the aggregate of:

          (e)  the whole or part of an Amount  Claimed  pursuant to a Claim made
               before that date for which the Seller has  accepted  liability or
               for  which it has been  Finally  Determined  that the  Seller  is
               liable but which  liability has not in either case been satisfied
               by payment out of the Joint Account or otherwise; and

          (b)  any remaining Amount Claimed pursuant to a Claim made before that
               date which the Purchaser has not withdrawn,  for which the Seller
               has not accepted  liability or in respect of which,  it shall not
               have been Finally Determined whether or not the Seller is liable,
               and in  respect  of  such  Claim,  where  proceedings  have  been
               commenced or less than 12 months have elapsed since the date upon
               which the relevant Claim was notified to the Seller;

                                       11

<PAGE>

          "VAT" means  value  added tax as  provided  for in VATA at the rate(s)
          from time to time imposed;

          "VATA" means the Value Added Tax Act 1994;

          "VPT BUSINESS" means the business of developing,  making and licensing
          protocol  software,  handset  reference  designs  and  systems-on-chip
          solutions and related  applications as carried on by the Seller or any
          other  member of the Seller's  Group as at or prior to the  Completion
          Date  together  with all other assets and  liabilities  of the Company
          that do not relate to the Business;

          "VPT  LICENSED  IP" means all  Intellectual  Property  licensed to the
          Company by the Seller under the IP Licence; and

          "WARRANTIES" means the warranties referred to in Clause 9 (Warranties)
          and set out in Schedule 4 (Warranties) given and made by the Seller in
          favour of the Purchaser.

1.2       CONTENTS PAGE AND HEADINGS

          In this  Agreement,  the  contents  page and headings are included for
          convenience   only  and  shall  not  affect  the   interpretation   or
          construction of this Agreement.

1.3       MEANING OF REFERENCES

          In  this  Agreement,   unless  the  context  requires  otherwise,  any
          reference to:

          (a)  this AGREEMENT includes the Background and Schedules,  which form
               part of this Agreement for all purposes;

          (b)  a CLAUSE or to a SCHEDULE  is, as the case may be, to a clause of
               or a schedule to this  Agreement  and any reference in a Schedule
               to a  PART  or  PARAGRAPH  is to a  part  or  paragraph  of  that
               Schedule;

          (c)  a  DOCUMENT  is  to  that  document  as  supplemented,  otherwise
               amended, replaced from time to time;

          (d)  any ENGLISH  STATUTORY  PROVISION  or ENGLISH  LEGAL TERM for any
               action,  remedy, method of judicial proceeding,  document,  legal
               status,  court, official or other legal concept or thing shall in
               respect  of any  jurisdiction  other  than  England  be deemed to
               include what most nearly approximates in that jurisdiction to the
               English statutory provision or English legal term;

          (e)  INDEMNIFY and to  INDEMNIFYING  any person  against any Losses by
               reference   to  a   matter,   event  or   circumstance   includes
               indemnifying  and keeping him  indemnified  immediately on demand
               against all Losses  from time to time made,  suffered or incurred
               by that  person as a direct or  indirect  result of that  matter,
               event or circumstance;

          (f)  a PARTY  or the  PARTIES  is to a party  or the  parties  to this
               Agreement and shall include any permitted assignees of a party;

                                       12

<PAGE>

          (g)  a PERSON includes any  individual,  firm,  company,  corporation,
               government, state or agency of state or any association, trust or
               partnership (whether or not having a separate legal personality);

          (h)  the masculine,  feminine and neuter GENDER respectively  includes
               the other genders and any reference to the singular  includes the
               plural and vice versa;

          (i)  POUNDS,  STERLING or (POUND) is to the lawful  currency from time
               to time of the United Kingdom;

          (j)  a STATUTE or STATUTORY  PROVISION  includes any  consolidation or
               re-enactment,  modification  or  replacement  of  the  same,  any
               statute or statutory  provision  of which it is a  consolidation,
               re-enactment,  modification  or replacement  and any  subordinate
               legislation  in force  under  any of the same  from  time to time
               except  to  the  extent  that  any  consolidation,  re-enactment,
               modification  or  replacement  enacted  after  the  date  of this
               Agreement  would extend or increase the liability of either party
               to the other under this Agreement;

          (k)  a TIME OF DAY is to London time and  references to a DAY are to a
               period of 24 hours running from midnight to midnight; and

          (l)  WRITING shall include any modes of reproducing words in a legible
               and non-transitory form.

1.4       NO RESTRICTIVE INTERPRETATIONS

          In this  Agreement,  general  words  shall not be given a  restrictive
          interpretation  by reason of their being preceded or followed by words
          indicating a particular class of acts, matters or things.

1.5       COMPANIES ACT DEFINITIONS

          Unless  the  context  requires  otherwise,  any words and  expressions
          defined in Part XXVI  Companies Act and not defined in this  Agreement
          shall have the meanings given to them in that Act.

2.        AGREEMENT TO SELL AND PURCHASE

2.1       SALE AND PURCHASE OF THE SHARES

          The  Seller  shall sell the  Shares to the  Purchaser  with full title
          guarantee  and free from any  Encumbrances,  and the  Purchaser  shall
          purchase from the Seller the entire legal and beneficial  ownership in
          and to the Shares  together  with all rights  attached  or accruing to
          them at  Completion  including  the right to  receive  all  dividends,
          distributions  or any return of capital  hereafter  declared,  made or
          paid.

2.2       ASSETS BEING SOLD

          The Seller shall sell or shall  procure to be sold to the Purchaser or
          a member of the  Purchaser's  Group with full title guarantee and free
          from any  Encumbrances  and  together  with  all  rights  attached  or
          accruing to them at or after  Completion (in the case of the Contracts
          and the Far East  Assets)  or  Indian  Completion  (in the case of the
          Indian Assets) and the Purchaser  shall purchase or shall procure that
          a member of the

                                       13

<PAGE>

          Purchaser's  Group shall purchase from the Seller or another member of
          the Seller's Group as at and from midnight on the Completion  Date (in
          the  case of the  Contracts  and the Far East  Assets)  or at and from
          midnight  on the  Indian  Completion  Date (in the case of the  Indian
          Assets) the entire legal and beneficial  ownership in the Assets which
          shall be sold and transferred on a going concern basis by means of the
          relevant Local Agreement  (provided always that the provisions of this
          Agreement  shall  prevail  over any Local  Agreement in the event of a
          conflict,  unless  expressly  stated  otherwise in the relevant  Local
          Agreement). The Seller and the Purchaser (as applicable) shall procure
          that each of the parties to the Local Agreements shall not assert,  or
          seek to  assert,  against  any  other  party  to such  agreement,  any
          provision(s)  of a Local  Agreement if and to the extent that any such
          provision(s)  shall  be  in  conflict  with  the  provisions  of  this
          Agreement.

          For the  purposes  of this  Clause 2.2,  the  Purchaser  is acting for
          itself and as agent or trustee  for the Indian  Purchaser  and the Far
          East Purchaser.

2.3       SALE OF SHARES AND ASSETS INTER-DEPENDENT

          The sale and purchase of the Shares,  the  Contracts  and the Far East
          Assets are inter-dependent and shall be completed simultaneously.

3.        CONSIDERATION

3.1       TOTAL CONSIDERATION

          The total  consideration  for the sale and  purchase of the Shares and
          the Assets shall be the aggregate of:

          (a)  the Initial Consideration; and

          (b)  the Earn Out Consideration.

3.2       INITIAL CONSIDERATION

          The  "INITIAL CONSIDERATION" shall be a sum equal to:

          (a)  (pound)45,999,997 (being the sum payable for the Shares);

          (b)  (pound)1.00 (being the sum payable for the Contracts);

          (c)  (pound)1.00 (being the sum payable for the Indian Assets); and

          (d)  (pound)1.00 (being the sum payable for the Far East Assets),

          plus the amount (if any) by which the Completion Net Worth exceeds the
          sum of  (pound)3,677,000,  or minus the  amount  (if any) by which the
          Completion Net Worth is less than the sum of (pound)3,677,000.

3.3       PAYMENT OF INITIAL CONSIDERATION

          The Initial Consideration shall be satisfied:

          (a)  on Completion by the payment by the Purchaser:

                                       14

<PAGE>

               (i)  to the Seller in cash of the sum of  (pound)39,100,000  (the
                    "INITIAL PAYMENT"); and

               (ii) of the Retention into the Joint Account,

          in  each  case  in  accordance  with  the  provisions  of  Clause  4.2
          (Completion  arrangements)  and  Paragraph  3 of Part 1 of  Schedule 3
          (Completion arrangements); and

          (b)  on the  Balancing  Payment  Date, by the payment to the Seller in
               cash of an  amount  (minus  any  Agreed  Payment  which  may have
               already  been paid to the  Seller in  accordance  with  Paragraph
               4.4(b) of Part 1 of Schedule 7 (Completion Net Asset Statement)),
               equal to the amount (if any) by which the  Initial  Payment  plus
               the  Retention is less than the Initial  Consideration,  together
               with accrued  interest.  Such interest which shall be charged for
               the period  beginning  on the  Completion  Date and ending on the
               date of actual  payment  (both before and after  judgment) at the
               rate of 2% above LIBOR as at the Completion  Date with respect to
               deposits with a term most nearly corresponding to the time period
               between  the  Completion  Date and the  Balancing  Payment  Date.
               Interest  shall be  calculated on the basis of a year of 365 days
               and for the actual  number of days  elapsed and shall accrue from
               day to day.

3.4       IF  INITIAL  CONSIDERATION  IS  LESS  THAN  INITIAL  PAYMENT PLUS  THE
          RETENTION

          Notwithstanding  any other provision of this Agreement to the contrary
          (including  those  provisions  set out in Schedule 5  (Limitations  on
          claims)),  if the  Initial  Consideration  is less  than  the  Initial
          Payment  plus the  Retention  the Seller shall be liable to pay to the
          Purchaser,  on the  Balancing  Payment  Date,  the full  amount of the
          shortfall minus any Agreed Payment which may have already been paid to
          the  Purchaser  in  accordance  with  Paragraph  4.4(b)  of  Part 1 of
          Schedule 7  (Completion  Net Asset  Statement),  together with accrued
          interest.  Such interest shall be charged for the period  beginning on
          the  Completion  Date and ending on the date of actual  payment  (both
          before  and after  judgment)  at the rate of 2% above  LIBOR as at the
          Completion  Date with  respect  to  deposits  with a term most  nearly
          corresponding  to the time period between the Completion  Date and the
          Balancing Payment Date. Interest shall be calculated on the basis of a
          year of 365 days and for the actual  number of days  elapsed and shall
          accrue from day to day.

3.5       EARN OUT CONSIDERATION

          The Earn Out Consideration  shall be paid in cash by way of electronic
          transfer  by  the  Purchaser  to  the  Seller  (a)  on  the  Earn  Out
          Consideration  Date,  together with accrued  interest,  which shall be
          charged for the period beginning on the first day following the end of
          the Earn Out Period and ending on the Earn Out  Consideration  Date at
          the rate of 2% above  LIBOR  at the end of the  Earn Out  Period  with
          respect to deposits with a term most nearly  corresponding to the time
          period  between  the end of the  Earn  Out  Period  and the  Earn  Out
          Consideration  Date,  or (b) in  accordance  with  the  provisions  of
          Paragraph 5 of Schedule 8 (Earn Out Consideration).

                                       15

<PAGE>

3.6       RECEIPT BY SELLER'S LAWYERS

          Receipt by the Seller's  Lawyers  (including by deposit to the account
          referred  to in  Paragraph  3(a) of Part 1 of  Schedule 3  (Completion
          arrangements)) of any monies or completed documentation to be provided
          by the  Purchaser in  satisfaction  of any of the  obligations  of the
          Purchaser  to the Seller  under this  Agreement  shall be deemed to be
          full and complete  discharge of any such  obligation the Purchaser has
          to  the  Seller  under  this  Agreement  and  any  obligation  to  pay
          consideration  for any of the Assets the Far East Purchaser has to the
          Far East Seller or the Indian Purchaser has to the Indian Seller under
          either of the Local Agreements.

3.7       PAYMENT PURSUANT TO CLAIM

          If any  payment is made by the Seller to the  Purchaser  pursuant to a
          claim  made by the  Purchaser  for any  breach  of this  Agreement  or
          otherwise pursuant to this Agreement or the Deed of Tax Covenant,  the
          payment  shall be deemed to be made by way of reduction of the Initial
          Consideration  and the allocation of the Initial  Consideration to the
          Shares, the Contracts, the Indian Assets and the Far East Assets shall
          accordingly  be deemed to be reduced by the amount of that  payment as
          appropriate.

3.8       INTEREST ON OVERDUE AMOUNTS

          Save as otherwise expressly provided in this Agreement, interest shall
          be payable by either party on any money which is not paid by it to the
          other party under this Agreement by the due date for its payment. That
          interest shall accrue and be calculated on a daily basis,  both before
          and after any judgment,  at the rate of 2% above LIBOR with respect to
          deposits with a term most nearly corresponding to the time period from
          the due date for its  payment  until the date on which it is  actually
          paid.

4.        COMPLETION

4.1       COMPLETION

          Completion  shall take place at the offices of the Seller's Lawyers on
          the date of this Agreement.

4.2       COMPLETION ARRANGEMENTS

          At Completion the Seller and the Purchaser shall deliver all documents
          and  take all  actions  listed  in Part 1 of  Schedule  3  (Completion
          arrangements).

4.3       INSURANCE

          (a)  With effect from the Completion Date the Seller shall be entitled
               to  terminate  any  insurances  maintained  by any  member of the
               Seller's  Group  in  relation  to the  Company  or the  Far  East
               Business and the Purchaser shall be responsible for arranging all
               necessary  insurances  in respect of the Company and the Far East
               Business.

          (b)  With effect from the Indian  Completion  Date the Seller shall be
               entitled to terminate any insurances  maintained by any member of
               the  Seller's  Group in

                                       16

<PAGE>

          relation  to the  Indian  Business  and with  effect  from the  Indian
          Completion  Date the Purchaser  shall be responsible for arranging all
          necessary insurances in respect of the Indian Business.

4.4       RISK AND TITLE

          Risk and title in respect of the  Shares,  the  Contracts  and the Far
          East Business shall transfer to the Purchaser on Completion.

5.        INDIAN COMPLETION

5.1       INDIAN COMPLETION

          Indian  Completion  shall  take place at the  offices of the  Seller's
          Lawyers (or such other place agreed between the parties):

          (a)  5  Business  Days  after  all of the  Conditions  have  been duly
               fulfilled or duly waived in accordance  with Clause 5.4 (Waiver);
               or

          (b)  on the Indian Long Stop Date,

          whichever is the earlier to occur.

5.2       CONDUCT UNTIL INDIAN COMPLETION

          The Seller  and the  Purchaser  shall from the date of this  Agreement
          until Indian  Completion  comply with the  obligations  set out in and
          procure that the Indian  Business is conducted in accordance  with the
          provisions of Schedule 10 (Conduct of the Indian Business until Indian
          Completion).

5.3       INDIAN COMPLETION ARRANGEMENTS

          At Indian  Completion  the Seller and the Purchaser  shall deliver all
          documents  and  take  all  actions  listed  in  Part 2 of  Schedule  3
          (Completion arrangements).

5.4       WAIVER

          The  Seller  shall  be  entitled  to  waive  Conditions  1,  2 or 3 of
          Condition A. The Purchaser  shall be entitled to waive  Condition 5 of
          Condition A. Condition 4 of Condition A may only be waived by both the
          Purchaser and the Seller. Any waiver under this Clause 5.4 shall be in
          writing.

5.5       NOTIFICATION

          Upon  either  party  becoming  aware  of any of the  Conditions  being
          fulfilled,  delayed in fulfilment or becoming incapable of fulfilment,
          the party so becoming aware shall  immediately  notify the other party
          and shall supply to the other party written evidence (if available) of
          the  fulfilment of the relevant  Condition or (as the case may be), an
          explanation for the delay or non-fulfilment.

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<PAGE>

5.6       RISK AND TITLE

          Risk and title in respect of the Indian Business shall transfer to the
          Purchaser on Indian Completion.

6.        JOINT ACCOUNT

6.1       OPERATION IN ACCORDANCE WITH LETTER OF INSTRUCTIONS

          The Joint Account will be operated jointly by the Seller's Lawyers and
          the  Purchaser's  Agent in accordance  with the Letter of Instructions
          which shall be delivered to the Seller's  Lawyers and the  Purchaser's
          Agent at Completion signed by the Seller and the Purchaser.

6.2       PARTIES TO GIVE PROPER WRITTEN INSTRUCTIONS

          The Seller and the  Purchaser  agree that upon  either or both of them
          becoming entitled to payment of any amount out of the Joint Account in
          accordance  with the terms of this Agreement they shall promptly after
          the date such  entitlement  arises give joint written  instructions to
          the Seller's Lawyers and the Purchaser's  Agent in the form set out in
          schedule 1 (Written  notice) to the Letter of  Instructions to release
          such amount from the Joint  Account to the Seller or the  Purchaser as
          the  case  may be and  each  of the  Seller  and the  Purchaser  shall
          indemnify the other from and against any Losses the other may incur as
          a result of the Seller or the  Purchaser  (as the case may be) failing
          to comply with its obligations under this Clause.

6.3       NO PAYMENTS OUT OF JOINT ACCOUNT

          No amount (including  interest) shall be paid out of the Joint Account
          save as  expressly  permitted  under this  Agreement  or the Letter of
          Instructions.

6.4       INTEREST

          Any  interest  which  accrues on the monies held in the Joint  Account
          shall  (after  any  required  deductions  on account  of  taxation  on
          interest by either or both of the Seller's Lawyers and the Purchaser's
          Agent in accordance  with the Letter of  Instructions)  be credited to
          the Joint  Account and shall be added to the monies  then  standing to
          the  credit  of the Joint  Account.  Upon the whole or any part of the
          principal  amount  standing to the credit of the Joint  Account  being
          released to either party the  recipient  shall be entitled to interest
          which has accrued on the  principal  amount(s)  so  released  and such
          interest shall be paid at the same time as the principal  amount is so
          released.

6.5       PAYMENT FROM JOINT ACCOUNT

          If the  Purchaser  wishes to use the Escrow  Amount in settlement of a
          Claim:

          (a)  the  Purchaser  shall give to the Seller notice in writing of its
               intention  to seek  satisfaction  of the  Claim  from the  Escrow
               Amount from the Joint Account;

          (b)  within 15  Business  Days after  receipt of a  notification  of a
               Claim in  accordance  with Clause  6.5(a)  above the Seller shall
               give the Purchaser notice stating:

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<PAGE>

               (i)  whether or not it accepts liability for the Claim; and

               (ii) if the Seller  accepts  liability  in  accordance  with this
                    Clause 6.5(b)  whether or not the Seller accepts all or part
                    of the Amount Claimed;

          (c)  if the Seller  fails to give  notice in  accordance  with  Clause
               6.5(b)  above  the  Amount  Claimed  or, if less,  the  remaining
               balance of the Joint Account shall be paid from the Joint Account
               to the Purchaser;

          (d)  if and to the extent that the Seller  accepts  liability or it is
               Finally  Determined  that the  Seller is liable in respect of the
               whole or part of the Amount Claimed, the Seller and the Purchaser
               shall procure that the Amount  Claimed or (as  appropriate)  that
               part  of  the  Amount   Claimed  which  is  accepted  or  Finally
               Determined shall be paid from the Joint Account to the Purchaser;

          (e)  on the  Retention  Release Date there shall be paid to the Seller
               (or as the Seller may direct)  from the Joint  Account the Escrow
               Amount  less any  Unsatisfied  Amounts  Claimed in respect of all
               Claims which shall be retained in the Joint Account provided that
               in the event  that the  aggregate  Amount  Claimed  in respect of
               Claims which  comprise  claims under the Warranties do not exceed
               (pound)1,000,000  there  shall be paid to the  Seller  (or as the
               Seller may  direct) on the  Retention  Release  Date any  Amounts
               Claimed in respect of such claims under the Warranties; and

          (f)  if at any time after the Retention Release Date the amount of the
               Escrow Amount exceeds the Unsatisfied  Amounts Claimed in respect
               of all Claims  the excess  shall be paid to the Seller (or as the
               Seller may direct) from the Joint Account.

6.6       AMOUNTS PAID ON ACCOUNT

          If and to the extent that a payment to the  Purchaser out of the Joint
          Account in respect of a Claim is less than the Amount Claimed it shall
          be a payment on account  of such  Claim and the  Seller  shall  remain
          liable in accordance  with the terms of this  Agreement for any of the
          amount  agreed or Finally  Determined  to be payable in respect of the
          remainder of such Claim.

7.        CONTRACTS

7.1       FULFILMENT OF CONTRACTS

          Subject to Clause 7.2 (Third  party  consents),  the  Purchaser  shall
          after Completion perform for its own account and fulfil, observe and
          be bound by the terms of the Contracts.

7.2       THIRD PARTY CONSENTS

          The Seller shall use its best  endeavours and the Purchaser  shall use
          its reasonable  endeavours to procure that after  Completion the other
          parties  to the  Contracts  shall,  where that  consent is  necessary,
          consent to the  substitution of the Purchaser or another member of the
          Purchaser's  Group in place of the Seller or,  where  applicable,  any
          other

                                       19

<PAGE>

          member of the  Seller's  Group,  as a party to the  relevant  Contract
          (whether by contract, assignment, novation or otherwise):

          (a)  provided  that if that  consent  is not  obtained  or until it is
               obtained,  the  Seller  or,  where  applicable,  a member  of the
               Seller's Group,  shall hold the relevant Contract and any monies,
               goods or other  benefits  received  under the Contract as trustee
               for the Purchaser and shall,  promptly  following  receipt of the
               same,  account for and pay or deliver them to the Purchaser;

          (b)  provided  that if that  consent  is not  obtained  or until it is
               obtained and if the Seller or, where applicable,  a member of the
               Seller's Group, shall comply with the provisions of Clause 7.2(a)
               above,  to the extent  permitted  by the  relevant  Contract  the
               Purchaser  shall  benefit  from and shall  perform  the  relevant
               Contract as subcontractor for the Seller or, where applicable,  a
               member of the Seller's  Group and the Purchaser  shall  indemnify
               the Seller for itself and where  applicable  as trustee  for each
               member of the Seller's  Group against or reimburse the Seller or,
               where  applicable,  a member of the Seller's Group for all Losses
               incurred  by the Seller  or,  where  applicable,  a member of the
               Seller's  Group in  relation  to the  performance  or  failure to
               perform the  relevant  Contract by the  Purchaser  or the Company
               after the Completion Date;

          (c)  provided  that if that  consent is  obtained  but the Seller or a
               member of the Seller's  Group retains any liability in respect of
               the  period  after  Completion  under  any of the  Contracts  the
               Purchaser  shall  indemnify  the Seller or, where  applicable,  a
               member of the Seller's  Group against or reimburse the Seller or,
               where  applicable,  a member of the Seller's Group for all Losses
               incurred  by the Seller  or,  where  applicable,  a member of the
               Seller's  Group in  relation  to the  performance  or  failure to
               perform the  Contracts by the  Purchaser or the Company after the
               Completion Date; and

          (d)  in  relation  to  the  Qualcomm  Contract,  the  Purchaser  shall
               indemnify  the Seller  against or  reimburse  the Seller for, all
               Losses  incurred  after  Completion  by the  Seller  or any other
               member of the Seller's  Group in relation to the  performance  or
               failure to perform the Qualcomm  Contract by the Purchaser or the
               Company after the Completion Date, including for the avoidance of
               doubt, the making of any payments thereunder.

8.        EMPLOYEES

8.1       PROVISION OF INFORMATION

          (a)  As soon as practical following Completion and in any event within
               15  Business  Days before  Indian  Completion,  the Seller  shall
               provide the Purchaser with (or shall procure the provision to the
               Purchaser of) all information relating to the Indian Employees as
               it may  require  in order to comply  with its  obligations  under
               Clauses 8.2  (Purchaser to make offer)  including a list of those
               employees of the Indian Seller working in the Indian  Business at
               that  time  and  their  then  current  terms  and  conditions  of
               employment.

          (b)  The Seller confirms and agrees that it has provided the Purchaser
               with all information relating to the Far East Employees as it may
               require in order to

                                       20

<PAGE>

          comply with its obligations under Clause 8.2 (Purchaser to make offer)
          including a list of those  employees of the Far East Seller working in
          the Far East  Business  at  Completion  and  their  current  terms and
          conditions of employment.

8.2       PURCHASER TO MAKE OFFER

          (a)  Subject to the Seller complying with its obligations under Clause
               8.1, at least three Business Days prior to the Indian  Completion
               the Purchaser shall, or shall procure that the relevant member of
               the Purchaser's  Group shall,  make an offer on the terms set out
               in Clause 8.3 (Terms of offer) (which shall be conditional solely
               on Indian Completion occurring) by letter to each Indian Employee
               (other than to those under notice of  termination  of  employment
               (for whatever  reason) at the time the Purchaser (or the relevant
               member of the  Purchaser's  Group) makes its offer) to employ him
               under a new contract of employment to commence  immediately after
               Indian  Completion.  The Seller  shall or shall  procure that the
               relevant  member of the Seller's  Group shall  require the Indian
               Employees to indicate  their  acceptance  of the offer by signing
               and returning a copy of the offer letter to the Purchaser (or the
               relevant  member of the  Purchaser's  Group).  In connection with
               making such offers,  the Purchaser (or the relevant member of the
               Purchaser's  Group) shall, with effect from the Indian Completion
               Date, in respect of the Indian Employees, as may be applicable:

               (i)  comply  in  all  material   respects  with  its  duties  and
                    obligations under the Indian Industrial Disputes Act 1947 in
                    respect of the Indian  Employees,  including  complying with
                    Section 25FF of that Act; and

               (ii) comply  with  all  other   material   applicable   statutory
                    enactments, rules and regulations in respect of the employer
                    of the Indian Employees.

          (b)  Subject to the Seller complying with its obligations under Clause
               8.1,  the  Purchaser  shall,  or shall  procure that the relevant
               member of the  Purchaser's  Group shall, at Completion or as soon
               as reasonably practicable thereafter,  make an offer on the terms
               set out in Clause 8.3 (Terms of offer) by letter to each Far East
               Employee  (other than to those  under  notice of  termination  of
               employment  (for  whatever  reason) at the time the Purchaser (or
               the relevant member of the Purchaser's Group) makes its offer) to
               employ him under a new contract of  employment  to commence  with
               effect  from  Completion  or as  soon as  reasonably  practicable
               thereafter (the "TRANSFER DATE").

          (c)  The  Seller  undertakes  to (and  shall  procure  that the Indian
               Seller or the Far East Seller (as the case may be) and each other
               member of the Seller's Group shall) provide all assistance to the
               Purchaser  and the relevant  member of the  Purchaser's  Group to
               enable it to comply  with its  obligations  under this Clause 8.2
               and Clause 8.3 (Terms of offer).

8.3       TERMS OF OFFER

          The offer by the Purchaser (or the relevant  member of the Purchaser's
          Group) made under  Clause 8.2  (Purchaser  to make offer) will be such
          that  the  provisions  of the new  contract  as to the  continuity  of
          service and as to other terms and conditions of his or

                                       21

<PAGE>

          her  contract  of  employment  having  regard  to any  relevant  local
          employment  legislation or rules will be no less  favourable  than the
          corresponding  provisions  of his or her  contract  of  employment  as
          existing  immediately  before such offer is made as the same have been
          supplied by the Seller under Clause 8.1  (Provision  of  information),
          save as to the identity of the employer. Subject at all times to their
          obligations in this Clause 8 (Additional Employees), the parties agree
          that, in connection with the operation of the business in the ordinary
          course the Purchaser and the members of the Purchaser's Group shall be
          entitled to take or omit to take any action they deem necessary in the
          exercise of their business judgement.

8.4       SELLER TO PROCURE WAIVER

          (a)  Two Business  Days before the offer of  employment  is made to an
               Indian  Employee by the Purchaser (or the relevant  member of the
               Purchaser's  Group) in accordance  with Clause 8.2  (Purchaser to
               make offer),  the Seller (or the relevant  member of the Seller's
               Group)  shall  deliver a letter to each  Indian  Employee to whom
               such an offer is to be made  advising  them of the  background to
               and reasons for such offer of employment.

          (b)  If an  Additional  Employee  wishes to accept  the offer  made in
               accordance  with Clause 8.2  (Purchaser to make offer),  then the
               Seller  shall  procure  that the  Indian  Seller  or the Far East
               Seller (as the case may be) shall with immediate effect waive any
               requirement  on the  Additional  Employee  to give any  period of
               notice of  termination  of his or her  employment  to the  Indian
               Seller or the Far East Seller (as the case may be) so as to allow
               the relevant  Additional Employee to commence employment with the
               Purchaser or the relevant member of the Purchaser's  Group at and
               with effect from the Indian  Completion in relation to the Indian
               Employees  and at the  Transfer  Date in relation to the Far East
               Employees.

8.5       INDEMNITY

          (a)  Subject to Clause 8.5(b) and (c), the Seller  hereby  indemnifies
               the  Purchaser  (acting  for  itself  and as agent or  trustee on
               behalf of the Indian Purchaser in respect of the Indian Employees
               and the Far East Purchaser in respect of the Far East  Employees)
               against  all  Losses  in  connection  with any of the  Additional
               Employees arising directly or indirectly from:

               (i)  the Seller's  failure to comply with its  obligations  under
                    Clauses 8.1  (Provision of  information),  8.2 (Purchaser to
                    make offer) and 8.4 (Seller to procure  waiver)  prior to on
                    or after the Completion Date; and

               (ii) any Additional  Employee  opposing at any time or making any
                    claim in relation to or in connection  with the  Purchaser's
                    or any relevant member of the  Purchaser's  Group's offer of
                    employment  to any  Additional  Employee  or  refusal by the
                    Additional  Employee thereof provided that such Losses shall
                    not  include  loss  of  profits  or  opportunity  of or  any
                    negative  commercial  impact on the  Business as a result of
                    the relevant  Additional  Employee  opposing or refusing the
                    Purchaser's  or  any  relevant  member  of  the  Purchaser's
                    Group's offer of employment.

                                       22

<PAGE>

          (b)  Subject to the Seller complying with its obligations under Clause
               8.1,  Clause  8.5(a)  will not apply  unless  the  Purchaser  has
               complied with its  obligations  in Clause 8.2  (Purchaser to make
               offer).

          (c)  The Purchaser or relevant  member of the  Purchaser's  Group will
               comply with the  provisions of Paragraph 6 (Conduct of Claims) of
               Schedule 5 (Limitation  on claims) in relation to any  opposition
               from or claim made by an Additional Employee in relation to or in
               connection  with the  Purchaser's  or any relevant  member of the
               Purchaser's   Group's  offer  of  employment  to  any  Additional
               Employee.

8.6       MISCELLANEOUS

          (a)  To the  extent not  included  in  creditors  or  accruals  in the
               Completion Net Asset Statement, the Seller shall be liable to pay
               to the  Additional  Employees  all  amounts  due and  payable  or
               becoming due and payable to them up to the date of Completion (in
               relation to the Far East  Employees)  and Indian  Completion  (in
               relation  to the  Indian  Employees),  pursuant  to the  terms of
               employment  and  statutory  provisions  by way of wages,  salary,
               bonus, gratuity, pension and settlement of any employment-related
               claims (including existing claims arising out of employee related
               litigation,  if any) and the  Purchaser  shall be liable for such
               amounts in respect  of the Far East  Employees  in respect of the
               period  commencing  on the  Completion  Date  and  ending  on and
               including the Transfer Date (if later than the Completion  Date).
               For the  avoidance of doubt it is clarified  that any claims made
               by the  Additional  Employees  following  the  Transfer  Date (in
               relation  to the Far East  Employees)  or Indian  Completion  (in
               relation  to the  Indian  Employees),  but  relating  to any such
               amounts  payable by the relevant member of the Seller's Group for
               the period  prior to the  Transfer  Date (in  relation to the Far
               East  Employees) or Indian  Completion (in relation to the Indian
               Employees), shall be borne by the Seller.

          (b)  The  Seller  and  Purchaser  (or  the  relevant   member  of  the
               Purchaser's Group) shall, as soon as practicable after Completion
               in respect of the Far East  Employees and as soon as  practicable
               after the Indian  Completion in respect of the Indian  Employees,
               take all  steps  as may be  necessary  to  transfer  the  amounts
               accumulated  for  the  benefit  of the  Additional  Employees  in
               accordance  with  applicable  law  (including  in  respect of the
               employee  benefit  funds for the benefit of the Indian  Employees
               being  transferred  pursuant to this  Agreement)  on the basis of
               actuarial valuation in respect of the Additional Employees (which
               accumulations  are held on trust by the  trustees  of each of the
               employee   benefit  funds  for  the  benefit  of  the  Additional
               Employees) to the funds to be constituted by the Purchaser or the
               relevant member of the Purchaser's Group.

          (c)  References to  "Additional  Employees" in Clauses  8.6(a) and (b)
               only  relate  to and  apply to those  Additional  Employees  that
               accept an offer of employment  made by the Purchaser (or a member
               of the  Purchaser's  Group)  pursuant to Clause 8.2 (Purchaser to
               make offer).

          (d)  The Seller is liable to pay to the  Additional  Employees that do
               not accept an offer of  employment  made by the  Purchaser

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<PAGE>

          (or a  member  of  the  Purchaser's  Group)  pursuant  to  Clause  8.2
          (Purchaser  to make offer) all amounts due and payable or becoming due
          and payable to such Additional  Employees after Completion pursuant to
          the terms of  employment  and  statutory  provisions  by way of wages,
          salary,   bonus,    gratuity,    pension   and   settlement   of   any
          employment-related  claims  (including  existing claims arising out of
          employee related litigation, if any) or otherwise.

8.7       TUPE TRANSFER 2000

          The Seller hereby  indemnifies the Purchaser (acting for itself and as
          agent or trustee on behalf of the Company)  against any and all Losses
          in connection  with any finding or allegation  that the application of
          the Transfer of  Undertakings  (Protection of Employment)  Regulations
          1981 to the  employment of any person who  transferred  to the Company
          from PA Consulting  Group Limited on 1 January  2000.  This  indemnity
          shall apply to Company  Employees only to the extent such  regulations
          entitle any such employee to terms and conditions or any other payment
          or benefit  different or in addition to those disclosed in relation to
          such Company  Employees in the Disclosure  Letter against Warranty set
          out in Paragraph 17.1 of Schedule 4 (Warranties).

8.8       SELLER'S INDEMNITY RE. CONTRACTS

          The Seller hereby  indemnifies the Purchaser (acting for itself and as
          agent or trustee on behalf of the Company)  against any and all Losses
          arising out of or in  connection  with the transfer or novation of the
          Contracts  to the  Purchaser  or the Company  amounting  to a relevant
          transfer under the Transfer of Undertakings (Protection of Employment)
          Regulations 1981 ("the Regulations").

8.9       EXCLUDED EMPLOYEES

          If any contract of employment  of any past or present  employee of the
          Seller or any member of the  Seller's  Group  (excluding  any  Company
          Employee)  engaged in or assigned to the  Contracts  has effect  after
          Completion as if originally  made between the Purchaser or the Company
          and the employee concerned as a result of the Regulations:

          (a)  the  Purchaser  may (or  may  procure  that  the  Company),  upon
               becoming aware of any such contract, terminate it forthwith;

          (b)  the Seller hereby  indemnifies  the Purchaser  (acting for itself
               and as agent or trustee  on behalf of the  Company)  against  all
               Losses  arising  out  of  such  termination   including   without
               limitation  such sums payable to, or on behalf of, such  employee
               in respect of his employment  whether  arising before on or after
               Completion;

          (c)  the Seller hereby  indemnifies  the Purchaser  (acting for itself
               and as agent or trustee of behalf of the Company) against any and
               all Losses arising in connection with or as a result of any claim
               arising in  connection  with the transfer to the Purchaser or the
               Company of the Contracts (including any individual entitlement of
               an  employee  under or  consequent  upon such claim) by any trade
               union, staff association (whether or not recognised by the Seller
               or any member the Seller's  Group in respect of all or any of its
               employees) or by any other representatives (within the meaning of
               Regulation 10 of the

                                       24

<PAGE>

          Regulations)  arising  from or in  connection  with any failure by the
          Seller or any member of the  Seller's  Group to comply  with any legal
          obligation  to  such  trade  union,   staff  association  or  employee
          representatives  (in  his  capacity  as  an  employee  representative)
          whether under  Regulation 10 of the  Regulations or otherwise  whether
          any such claim arises or has its origin before on or after Completion.

9.        WARRANTIES

9.1       WARRANTIES

          As at the date of this Agreement, the Seller warrants to the Purchaser
          in the terms set out in Schedule 4 (Warranties)  on the basis that the
          Warranties  are given to the Purchaser  acting for itself and as agent
          or trustee for the Indian Purchaser and the Far East Purchaser.

9.2       LIMITATIONS ON CLAIMS

          The liability of the Seller under the Warranties  shall (except in the
          case of fraud) be limited as set out in  Schedule  5  (Limitations  on
          claims).

9.3       STATUS OF WARRANTIES

          Subject to Clause 9.4 (Certain Warranties specific), the Seller agrees
          that each of the  Warranties is separate from and  independent  of any
          other  Warranty and (except as otherwise  provided in this  Agreement)
          shall not be limited by any other provision of this Agreement.

9.4       CERTAIN WARRANTIES SPECIFIC

          The only Warranties given:

          (a)  in respect of Intellectual  Property and licences of Intellectual
               Property   are  those  set  out  in  Schedule  4,   Paragraph  11
               (Warranties)  and the other  Warranties shall be deemed not to be
               given in  relation  to  Intellectual  Property  and  licences  of
               Intellectual Property;

          (b)  in respect of  employment  matters  including  pensions and other
               benefits   are  those  set  out  in  Schedule  4,   Paragraph  17
               (Warranties)  and the other  Warranties shall be deemed not to be
               given in relation to employment  matters  including  pensions and
               other benefits (subject to Clause 9.4(e) below);

          (c)  in respect of the  Properties  subject to sub paragraph  (e), are
               those set out in Schedule 4,  Paragraph 18  (Warranties)  and the
               other  Warranties  shall be deemed not to be given in relation to
               the Properties;

          (d)  in respect of Tax are the Tax Warranties and the other Warranties
               shall be deemed not to be given in relation to Tax; and

          (e)  in respect of the Environment,  Environmental Laws, Environmental
               Permits  and health and safety are those set out in  Schedule  4,
               Paragraphs 15 and 20 (Warranties)  and the other Warranties shall
               be  deemed  not to be  given  in

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<PAGE>

               relation to the Environment,  Environmental  Laws,  Environmental
               Permits or health and safety.

9.5       NO RIGHT OF RESCISSION

          The sole remedy of the Purchaser for breach of the Warranties shall be
          damages and the Purchaser  acknowledges that it shall have no right to
          rescind this Agreement after Completion in any circumstances  (save in
          the event of fraud) and  irrevocably  waives any other remedies it may
          have in relation to a breach of the Warranties.

          9.6 MEANING OF "SO FAR AS THE SELLER IS AWARE"

          If any of the  Warranties  are  expressed  to be given  "so far as the
          Seller  is  aware" or "to the best of the  knowledge  information  and
          belief of the Seller" (or words to that  effect) then such words shall
          mean to the best of the Seller's knowledge,  information and belief it
          having made all reasonable  enquiries.  Reasonable enquiries for these
          purposes  means due,  diligent  and  careful  enquiry of each of Bjorn
          Krylander,  Christopher  Edwards,  James  Maclaurin,  Philip  Windred,
          Christopher  Poole and, in relation only to the  Warranties set out in
          Schedule 4, Paragraph 17  (Warranties),  Terry Nolan and, in each case
          any  supplemental   enquiries  arising  therefrom  that  it  would  be
          reasonable to make.

10.       PURCHASER'S WARRANTIES

          The Purchaser warrants to the Seller that:

          (a)  the  Purchaser  has full  power to enter  into and  perform  this
               Agreement,  the Deed of Tax Covenant and this  Agreement  and the
               Deed of Tax Covenant  will, on entry by the  Purchaser  into such
               agreements,  each constitute valid and binding obligations on the
               Purchaser in accordance with their respective terms;

          (b)  the Purchaser is entering  into this  Agreement on its own behalf
               and not on behalf of any other person; and

          (c)  the  execution  and  delivery  of,  and  the  performance  by the
               Purchaser of its obligations under this Agreement and the Deed of
               Tax Covenant will not:

               (i)  result in a breach of any  provision  of its  memorandum  or
                    articles of association;

               (ii) result in a breach of any order,  judgment  or decree of any
                    court or  governmental  agency to which the  Purchaser  is a
                    party or by which the Purchaser is bound; or

               (iii)require the  Purchaser  to obtain any consent or approval of
                    its shareholders or any other material third party consent.

11.       GUARANTEES

11.1      RELEASE

          The Purchaser  undertakes to the Seller (for itself and as trustee for
          any member of the  Seller's  Group)  that,  following  Completion  and
          subject  to  Clause  11.2  (Assistance),  it

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<PAGE>

          will use its  reasonable  endeavours  to  procure  the  release of the
          Seller  or  the  relevant  member  of  the  Seller's  Group  from  any
          obligations  or liabilities it has under any of the Guarantees as soon
          as reasonably  practicable  after  Completion and pending such release
          shall  indemnify  and keep the  Seller or the  relevant  member of the
          Seller's  Group  indemnified  against any Losses  arising  under those
          Guarantees  relating  to  events,  facts or  circumstances  arising in
          connection with the conduct of the Business after Completion.

11.2      ASSISTANCE

          The Seller  undertakes to provide to the Purchaser  (and shall procure
          that each member of the Seller's Group shall provide to the Purchaser)
          at its own cost all assistance and  co-operation as may be required by
          the Purchaser in connection  with the  performance of its  obligations
          under Clause 11.1 (Release).

12.       RESTRICTIONS ON SELLER

12.1      SELLER'S COVENANT

          The Seller undertakes to the Purchaser that during the period of three
          years  from the  Completion  Date it shall not,  and the Seller  shall
          procure that no member of the Seller's Group shall, whether by itself,
          through  its agents or  otherwise  and whether on its own behalf or on
          behalf of any other person, directly or indirectly:

          (a)  facilitate,  carry on or be engaged,  concerned or  interested in
               carrying  on any  Restricted  Business  or enter  into any  joint
               venture, alliance or other corporate partnering arrangement which
               engages  in any  Restricted  Business,  or act as  consultant  or
               advisor  to or  otherwise  assist any  person  that  carries on a
               Restricted Business, in each case in the Restricted Area;

          (b)  solicit or entice away from the  employment  of the Company,  the
               Indian Business or the Far East Business any Employee; or

          (c)  otherwise than in the ordinary course of business take any action
               that could reasonably be expected to interfere with the supply of
               goods or services to the Business  from any  Supplier  where such
               interference inhibits the supply of such goods or services to the
               Business.

12.2      PERMITTED ACTIVITIES

          The Purchaser  agrees that nothing in this Clause 12 shall prevent the
          Seller or any other member of the Seller's Group from:

          (a)  being  or  becoming  a holder  of  securities  and/or  debentures
               representing not more than a 5% interest in any one company; or

          (b)  acquiring  all  of,  or an  interest  in  excess  of 5%  in,  the
               business,  assets or shares of any company or group of  companies
               which  carries  on a  Restricted  Business  or any  part  of such
               Restricted Business in the Restricted Area provided that:

               (i)  the  acquisition  of the  Restricted  Business  is  not  the
                    principal  reason  for the  acquisition  of  such  business,
                    assets or shares; and

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<PAGE>

               (ii) the  Restricted  Business does not  constitute 5% or more of
                    the business or assets so acquired or the business or assets
                    of the  company or group of  companies  so acquired or if it
                    does  constitute more than such 5% it does not generate more
                    than  (pound)1,370,000  of  revenue  per annum and  provided
                    further that in the event that such business or assets shall
                    constitute  such  5% or  more  and it  generates  more  that
                    (pound)1,370,000  of revenue per annum the Seller  shall not
                    be under any  liability  under this  Clause 12 if within the
                    period of 12 months from such  acquisition the Seller or the
                    relevant member of the Seller's Group shall have disposed of
                    or otherwise ceased to operate such business; or

          (c)  being  or  continuing  to be  engaged,  concerned  or  interested
               (whether  alone  or in  association  with  any  person,  firm  or
               company)  in any  business or activity in which it or any of them
               is engaged, concerned or interested at Completion; or

          (d)  employing under a contract of employment or contract for services
               or otherwise  any person  formerly  employed by the Company,  the
               Indian Business or the Far East Business where:

               (i)  such   person  has   responded   to  a  bona  fide   general
                    advertisement  published  in  the  ordinary  course  without
                    direct   solicitation   or   encouragement   of  the  person
                    concerned; or

               (ii) the  Seller or any other  member of the  Seller's  Group has
                    approached a recruitment  agency and such person is a client
                    of such  agency  provided  that  there  has  been no  direct
                    solicitation or encouragement of the person concerned; or

          (e)  whether  on its own  behalf or on  behalf  of any  other  person,
               directly  or  indirectly,  facilitating,  carrying  on  or  being
               engaged, concerned or interested in carrying on, or entering into
               any  joint  venture,   alliance  or  other  corporate  partnering
               arrangement  which engages in, or acting as consultant or advisor
               to,  or  otherwise  assisting  any  person  that  carries  on the
               development,  manufacturing  or  licensing  of,  and/or any other
               activities in relation to:

               (i)  handset   reference    designs,    protocol   software   and
                    systems-on-chip solutions; and

               (ii) verification   scripts  and  systems  to  enable  acceptance
                    testing of any of the above,  such acceptance  testing being
                    carried  out on a  standalone  basis  and/or when any of the
                    above is integrated into a product; or

          (f)  licensing,  sub-licensing or assigning any Intellectual  Property
               except as restricted by the IP Licence; or

          (g)  carrying  on the  Indian  Business  in  accordance  with  each of
               Schedule 10 and the Transitional  Services Agreement until Indian
               Completion.

12.3      REASONABLE RESTRICTIONS

          For the purposes of this Clause 12, the Purchaser contracts as trustee
          and  agent  of each  member  of the  Purchaser's  Group.  The  parties
          acknowledge that the  restrictions

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<PAGE>

          contained in Clause 12.1  (Seller's  covenant) are fair and reasonable
          restrictions  having regard to the acquisition by the Purchaser of the
          Shares and the Assets.

12.4      SEVERABILITY

          The obligations undertaken pursuant to Clause 12.1 (Seller's covenant)
          shall,  with  respect  to  each  member  of  the  Purchaser's   Group,
          constitute  an  entirely  separate  and  independent  covenant  by and
          restriction on the Seller.  The Purchaser and the Seller agree that if
          any such  restrictions,  by themselves,  or taken  together,  shall be
          adjudged to go beyond what is reasonable in all the  circumstances for
          the  protection  of the  legitimate  interests  of the  Company or any
          member of the  Purchaser's  Group,  but may be adjudged  reasonable if
          part or parts of the  wording  thereof  were  deleted,  or the area of
          operation or the period of application reduced, such restriction shall
          apply with such modifications as may be necessary to make the covenant
          valid and effective.

12.5      RIGHT OF FIRST REFUSAL

          In the event the Seller (or the relevant member of the Seller's Group)
          is  obliged  to  sell  a  Restricted  Business  by  virtue  of  Clause
          12.2(b)(ii) (Permitted activities):

          (a)  the Seller shall (or shall  procure that the relevant  member the
               Seller's Group shall) negotiate with the Purchaser with a view to
               selling to the Purchaser such Restricted  Business on arms length
               fair market value terms; and/or

          (b)  in  the  event  that  the  Seller  receives  an  offer  for  such
               Restricted  Business from a third party, the Seller shall procure
               that the  Purchaser,  as a right of first  refusal,  is given the
               opportunity  to match the price and all other  material  terms of
               that third  party  offer for such  Restricted  Business  within a
               period of 10 Business Days after  receiving  notice  thereof from
               the Seller,  and in the event the Purchaser enters into a binding
               agreement  to so match such third  party  offer  within a further
               period of 10 Business Days after the Seller  receives notice that
               the  Purchaser  will match such offer,  the Seller shall sell, or
               procure that the relevant  member of the Seller's Group sells, to
               the Purchaser such Restricted  Business on the relevant terms and
               if such binding  agreement  has not been  entered  within such 10
               Business  Day  period  the  Seller  shall  be free  to sell  such
               Restricted Business to the third party

13.       ASBESTOS INDEMNITY

13.1      The Seller  covenants to pay the Purchaser an amount equal to  any and
          all  Asbestos  Health  Losses  to  the  extent  that a claim  for such
          Asbestos  Health  Losses  under any  applicable  Employer's  Liability
          Insurance  Policy has not resulted in payment or  reimbursement to the
          Company  and/or the  Purchaser  and/or  any member of the  Purchaser's
          Group of the Asbestos  Health  Losses under the  Employer's  Liability
          Insurance  Policies following the use by the Company of all reasonable
          endeavours to pursue such claim.

13.2      The Seller  shall only make  payment  to the  Purchaser  in respect of
          claims for Asbestos  Health  Losses to the extent that such claims are
          not  insured  under  the  Employer's   Liability   Insurance  Policies
          (including  for the  avoidance  of doubt as a  result  of a breach  of
          policy term, condition, condition precedent or warranty or as a result
          of a  misrepresentation  or  material  non  disclosure  prior  to  the
          Completion  Date on behalf

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<PAGE>

          of  the  Seller,  the  Company  or a  member  of the  Seller's  Group)
          following  the use by the  Company  of all  reasonable  endeavours  to
          pursue such  claims  provided  that  nothing in this Clause 13.2 shall
          affect the operation of Clause 13.3.

13.3      If any  insurer  makes any  payment  of a sum in  connection  with any
          Asbestos  Illness  under  any  insurance  policy,  which  but for such
          insurance policy would have been an Asbestos Health Loss,  directly to
          a Relevant  Company Employee (or their estate or family) or such other
          person making a claim in relation to such an Asbestos Illness but then
          seeks recovery, reimbursement or repayment ("RECOVERY") of part or all
          of such  payment  from the  Company  and/or the  Purchaser  and/or any
          member of the  Purchaser's  Group,  such  party  being an  "Interested
          Party",  the Seller  covenants to pay the Purchaser an amount equal to
          any  such  payment  successfully  Recovered  by the  insurer  from the
          Company and/or the Purchaser  and/or the  Purchaser's  Group following
          the use by the Company and/or the Purchaser and/or the relevant member
          of the  Purchaser's  Group where they are an  Interested  Party of all
          reasonable  endeavours  to  resist  and  defend  any such  claim by an
          insurer.

13.4      The  Seller  shall   co-operate  with  all  reasonable   requests  for
          information or documents (including,  but not limited to, the identity
          of relevant insurers,  requests for copies of relevant certificates or
          policy  wordings  in relation to the  Employer's  Liability  Insurance
          Policies,  Relevant Company Employee records and contact details) made
          by or on behalf of the  Company,  the  Purchaser  and/or any  relevant
          member of the  Purchaser's  Group arising out of or in connection with
          any claim under the Employer's  Liability Insurance Policies save that
          nothing  in this  Clause  13.4  shall  require  the  Seller to provide
          information or documents the provision of which is  prohibited,  or to
          the  extent  restricted,  under  law  or  where  such  information  or
          documents are legally privileged.

14.       ANNOUNCEMENTS AND CONFIDENTIALITY

14.1      NO ANNOUNCEMENTS WITHOUT PRIOR APPROVAL

          The parties  mutually agree that,  save as provided for in Clause 14.2
          (Announcement  exceptions),  no press or  other  public  announcements
          (whether  to   shareholders,   employees,   customers,   suppliers  or
          otherwise)  shall be made or sent out by any of them in respect of the
          sale and purchase of the Company or the Assets or any ancillary matter
          without  the text of the  announcement  receiving  the  prior  written
          approval  of the  Purchaser  (in the case of the Seller) or the Seller
          (in the case of the Purchaser)  (such approval not to be  unreasonably
          withheld or delayed).

14.2      ANNOUNCEMENT EXCEPTIONS

          Either party may make or send out any press or public  announcement to
          the extent the announcement is required by:

          (a)  the law of any relevant jurisdiction; or

          (b)  any  securities  exchange or regulatory or  governmental  body to
               which  that  party is  subject  or  submits,  wherever  situated,
               whether or not the  requirement  for information has the force of
               law,

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<PAGE>

          in which  case,  the party  concerned  shall  take all steps as may be
          reasonable and practicable in the  circumstances  to consult with, and
          take into account any reasonable requirements of the other party prior
          to making any such announcement.

14.3      CONFIDENTIALITY

          Subject to Clauses 14.1 (No announcements  without prior approval) and
          14.2 (Announcement exceptions), either of the parties shall, and shall
          procure that the other members of their respective Groups shall, treat
          as strictly  confidential  all  information  received or obtained as a
          result of entering into or performing this Agreement which relates to:

          (a)  the provisions of this Agreement or the other documents  referred
               to in this Agreement;

          (b)  the negotiations relating to this Agreement; or

          (c)  the other party.

          Without  limiting the above,  the Purchaser  shall,  and shall procure
          that  the  Company   shall,   treat  the  Retained  Data  as  strictly
          confidential  and the Seller shall treat the Business Data as strictly
          confidential.

14.4      CONTROL OF DATA

          In relation to any  Business  Data in the  Seller's  possession  after
          Completion, the Company shall be the data controller, the Seller shall
          be a data  processor  and the Seller  shall only  process the Business
          Data in accordance with the Company's instructions. In relation to any
          Retained  Data  in  the  Purchaser's  or  Company's  possession  after
          Completion, the Seller shall be the data controller, the Purchaser and
          Company shall be data  processors and the Purchaser  shall,  and shall
          procure that the Company  shall,  only  process the  Retained  Data in
          accordance  with the Seller's  instructions.  Each party  intends that
          data relating to the other  party's  Group be completely  removed from
          their own IT system as soon as reasonably practicable but in any event
          by no later than six months after  Completion and each shall therefore
          take all reasonable steps to achieve this.

14.5      CONFIDENTIALITY EXCEPTIONS

          Either of the parties may disclose  information  referred to in Clause
          14.3 (Confidentiality) which would otherwise be confidential if and to
          the extent the disclosure is:

          (a)  required by law or judicial proceedings;

          (b)  required by any securities exchange or regulatory or governmental
               body to  which  the  disclosing  party  is  subject  or  submits,
               wherever situated,  whether or not the requirement for disclosure
               has the force of law;

          (c)  required  to enable the party  concerned  to  enforce  its rights
               under this Agreement;

          (d)  disclosed on a strictly confidential basis to:

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<PAGE>

               (i)  the professional advisers, auditors or bankers of that party
                    or other any  member of the  Seller's  Group (in the case of
                    the Seller) or any other member of the Purchaser's Group (in
                    the case of the Purchaser);

               (ii) the  officers or employees of that party or any other member
                    of the  Seller's  Group (in the case of the  Seller)  or any
                    other  member of the  Purchaser's  Group (in the case of the
                    Purchaser) who need to know the information for the purposes
                    of  the  transactions   effected  or  contemplated  by  this
                    Agreement;

          (e)  of  information  that has  already  come into the  public  domain
               through no fault of that party; or

          (f)  following the receipt of the prior written  approval of the other
               party (such approval not to be unreasonably withheld or delayed),

          provided that any information  disclosed pursuant to Clause 14.5(a) or
          (b) shall be disclosed  after the party  concerned has taken all steps
          as may be reasonable and practicable in the  circumstances  to consult
          with, and take into account any reasonable  requirements of, the other
          party prior to making any such disclosure.

14.6      NO LIMIT IN TIME

          The  restrictions  contained in this Clause 14 shall continue to apply
          after Completion without limit in time.

14.7      NO PREJUDICE TO CONFIDENTIALITY AGREEMENT

          This Clause 14 shall be without  prejudice  to the  provisions  of the
          Confidentiality  Agreement,  which  shall  continue  in full force and
          effect despite Completion.

15.       COSTS

15.1      COSTS

          Each  party  shall  be  responsible  for all the  costs,  charges  and
          expenses  incurred  by it in  connection  with and  incidental  to the
          preparation  and  completion of this  Agreement,  the other  documents
          referred to in this  Agreement  and the sale and  purchase  under this
          Agreement.  Subject to the other  provisions  of this  Agreement,  the
          Seller shall be  responsible  for and shall pay all costs  incurred by
          the Company,  the Indian Seller,  the Far East Seller or any member of
          the  Purchaser's  Group  in  connection  with  and  incidental  to the
          transfer of any of the  Additional  Employees  or any of the Assets to
          the  Purchaser  or any  other  member  of the  Purchaser's  Group  and
          effecting the assignment, novation or transfer of any of the Contracts
          to the Company.  The  Purchaser  shall pay all stamp duty,  stamp duty
          reserve tax and stamp duty land tax (and any  associated  interest and
          penalties)  payable in respect of the  transfer  of the Assets and the
          Shares.

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<PAGE>

15.2      NO WITHHOLDING

          All sums payable under this Agreement or any Local  Agreement shall be
          made in full without any set off, restriction, condition, deduction or
          withholding whatsoever save only as may be required by law.

15.3      GROSS UP IF A WITHHOLDING REQUIRED BY LAW

          If any  deduction or  withholding  is required by law from any payment
          made under  this  Agreement  or any Local  Agreement  then,  except in
          relation to interest, the party making the payment shall be obliged to
          pay the other party such additional sum as will,  after such deduction
          or  withholding  has been  made,  leave the other  party with the same
          amount as it would have been entitled to receive in the absence of any
          such requirement to make a deduction or withholding.

15.4      GROSS UP IF PAYMENT CHARGED TO TAX

          If any Tax Authority brings into charge to Tax any sum paid by a party
          to any other party under this Agreement or any Local  Agreement  then,
          except in relation to interest, the amount so payable shall be grossed
          up by such amount as will  ensure  that,  after  payment of the Tax so
          charged,  there  will be left a sum  equal to the  amount  that  would
          otherwise  have  been  payable  had the sum in  question  not  been so
          charged to Tax.

15.5      REIMBURSEMENT OF CONSEQUENTIAL BENEFIT

          If any party  receiving  payment  under  this  Agreement  or any Local
          Agreement also  receives,  by virtue of the receipt of that payment or
          in relation to the matter giving rise to the payment:

          (a)  a credit for,  refund of or relief  from any Tax or other  monies
               payable by it; or

          (b)  a similar benefit by reason of any deduction or withholding:

               (i)  for or on account of Tax; or

               (ii) by reason of any Tax  charged in respect of which there is a
                    gross up under Clause 15.3 or Clause 15.4,

          then that party  shall  reimburse  to the other  relevant  parties the
          amount of such credit, refund, relief, or similar benefit.

15.6      LIABILITY TO GROSS UP NOT TO INCREASE ON ASSIGNMENT

          If a party to this  Agreement  or to any Local  Agreement  assigns the
          benefit of this  Agreement or of the  relevant  Local  Agreement,  the
          other  relevant  parties  shall  only be  liable  to  make  additional
          payments  pursuant  to Clauses  15.3 or 15.4 to the extent  that those
          other  parties  would have been  liable to make those  payments  if no
          assignment had occurred.

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<PAGE>

16.       ENTIRE AGREEMENT

16.1      ENTIRE AGREEMENT

          This Agreement and the other Transaction Documents, together represent
          the whole and only  agreement  between  the parties in relation to the
          sale and purchase of the Shares and the Assets  supersede any previous
          agreement  whether  written or oral between the parties in relation to
          that  subject  matter.  Accordingly,   all  other  terms,  conditions,
          representations, warranties and other statements which would otherwise
          be  implied  (by  law or  otherwise)  shall  not  form  part  of  this
          Agreement.

16.2      NO LIABILITY UNLESS STATEMENT MADE FRAUDULENTLY

          The Seller is not liable:

          (a)  in contract in respect of any  representation,  warranty or other
               statement  being  false,  inaccurate  or  incomplete  (other than
               contained in and in accordance  with the terms of the Transaction
               Documents); or

          (b)  in  equity,  tort or  under  the  Misrepresentation  Act  1967 in
               respect  of  any  representation,  warranty  or  other  statement
               (whether  or  not  contained  in  this  Agreement)  being  false,
               inaccurate or incomplete,

          unless in any case it was made fraudulently.

17.       CONTINUING EFFECT

          Each  provision  of this  Agreement  shall  continue in full force and
          effect  after  Completion,  except to the extent that a provision  has
          been fully performed on or before Completion.

18.       INVALIDITY

          If any term or  provision  of this  Agreement  is held to be  illegal,
          invalid  or  unenforceable,  in whole or in part,  then  such  term or
          provision shall (so far as it is illegal, invalid or unenforceable) be
          given  no  effect  and  shall be  deemed  not to be  included  in this
          Agreement but the remainder of this  Agreement  shall not be affected.
          The parties  shall then use all  reasonable  endeavours to replace the
          illegal,  invalid or unenforceable  provision by a valid provision the
          effect of which is as close as possible to the intended  effect of the
          illegal, invalid or unenforceable provision.

19.       AMENDMENTS, VARIATIONS AND WAIVERS

19.1      AMENDMENTS

          No  amendment  or  variation  of the  terms  of  this  Agreement,  the
          Disclosure  Letter  or the Deed of Tax  Covenant  shall  be  effective
          unless it is made or confirmed in a written  document signed by all of
          the parties to the relevant document.

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19.2      WAIVERS

          No delay in  exercising  or  non-exercise  by any party of any  right,
          power or remedy  under or in  connection  with this  Agreement  or any
          other  document  referred to in it shall  impair that right,  power or
          remedy or operate as a waiver or release of it.

20.       FURTHER ASSURANCE AND ASSISTANCE

20.1      FURTHER ASSURANCE

          Each of the parties  shall from time to time at its own cost, on being
          required to do so by the other party now or at any time in the future,
          do or procure the doing of all such acts and/or execute or procure the
          execution of all such documents in a form  reasonably  satisfactory to
          the party  concerned as the party  concerned may  reasonably  consider
          necessary,  whether on or after Completion,  for giving full effect to
          this Agreement and the other Transaction  Documents and securing to it
          the full benefit of the rights,  powers and remedies conferred upon it
          in this Agreement and the other Transaction Documents.

20.2      BOOKS AND RECORDS

          Subject to Clause  14.4  (Control  of data) the Seller  will (and will
          procure  that all other  members of the  Seller's  Group will) and the
          Purchaser  will (and will  procure  that the  Company  and each  other
          member of the  Purchaser's  Group will) retain and preserve all books,
          records,  documents and information (including information recorded or
          retained in any electronic form) of or relating to the Business or the
          VPT Business in each case in respect of the period prior to Completion
          for a period of 3 years from  Completion,  or the relevant  prescribed
          statutory period,  whichever is the greater and as from the Completion
          Date,  each of the  Seller and the  Purchaser  shall give to the other
          such access  (during  normal  business  hours and on reasonable  prior
          notice) to such books, records, documents and information as the other
          may  require  including  the  right to take  copies  and  extracts  on
          reasonable  advance notice within such period save as may otherwise be
          provided for in the Transitional Services Agreement.

20.3      AVAILABILITY OF EMPLOYEES

          After the  Completion  Date,  the Purchaser  shall use its  reasonable
          endeavours to make  available to the Seller the  assistance of such of
          its  and  the  Business's  employees  as the  Seller  may  require  in
          connection with the conduct of proceedings against the Seller or other
          members  of the  Seller's  Group  and of  which  such  employees  have
          particular  knowledge  by virtue of their  involvement  in the  matter
          giving  rise to  those  proceedings  or  otherwise  provided  that the
          Purchaser shall be under no such obligation if:

          (a)  such  proceedings  are being  brought  against  the Seller by the
               Purchaser; and

          (b)  it  determines  acting  reasonably  that  making  such  employees
               available would materially  adversely interfere with the carrying
               on of the Business.

                                       35

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20.4      PAYMENT OF IT COSTS

          If the aggregate amount taken into account in the Completion Net Asset
          Statement (whether as a specific provision or otherwise) in respect of
          IT Costs ("PROVIDED FOR IT COSTS") differs from the actual amount paid
          after Completion by the Company or any member of the Purchaser's Group
          in  respect of the IT Costs  (the  "ACTUAL IT COSTS")  then as soon as
          reasonably practicable after the Actual IT Costs have been established
          to the reasonable satisfaction of the Seller and the Purchaser:

          (d)  the Seller  shall pay to the  Purchaser a sum equal to the amount
               by which the Actual IT Costs exceed the Provided for IT Costs; or

          (e)  the  Purchaser  shall pay to the Seller a sum equal to the amount
               by which the  Actual IT Costs are less than the  Provided  for IT
               Costs.

20.5      DOMAIN NAME

          The Seller shall procure that its employee,  John Joannou, shall after
          Completion,  promptly  provide to an  employee  of the  Purchaser  (as
          nominated  by the  Purchaser)  the user  identification  and  password
          details  relating  to the domain  name  SPG-TM.com  and shall take all
          reasonable  steps to transfer the contact details for that domain name
          out of his  name  and  into  the  name  of the  Purchaser's  nominated
          employee.

20.6      PAYMENT OF CERTAIN BONUSES

          If the aggregate amount taken into account in the Completion Net Asset
          Statement  in  respect  of  bonuses  or other  incentive  compensation
          payable to  Employees as at the  Completion  Date in  connection  with
          their  employment  by the  Seller,  the Far East  Seller or the Indian
          Seller (as the case may be) prior to the  Completion  Date  ("PROVIDED
          FOR BONUS COSTS") differ from the actual  aggregate  amount paid after
          Completion  by the Company or any member of the  Purchaser's  Group in
          respect of such bonuses or other incentive  compensation  (the "ACTUAL
          BONUS COSTS"),  then as soon as reasonably  practical after the Actual
          Bonus Costs have been  established to the reasonable  satisfaction  of
          the Seller and the Purchaser:

          (a)  the Seller  shall pay to the  Purchaser a sum equal to the amount
               by which the Actual  Bonus costs  exceed the  Provided  for Bonus
               Costs; or

          (b)  the  Purchaser  shall pay to the Seller a sum equal to the amount
               by which the Actual  Bonus Costs are less than the  Provided  for
               Bonus Costs.

21.       COUNTERPARTS

21.1      ANY NUMBER OF COUNTERPARTS

          This Agreement and the other Transaction  Documents may be executed in
          any  number  of   counterparts   and  by  the   parties  on   separate
          counterparts, but shall not be effective until each of the parties has
          executed at least one counterpart.

                                       36

<PAGE>

21.2      EACH COUNTERPART AN ORIGINAL

          Each  counterpart  shall  constitute an original of this  Agreement or
          other  Transaction  Documents  (as  the  case  may  be),  but  all the
          counterparts   shall   together   constitute  but  one  and  the  same
          instrument.

22.       ASSIGNMENT AND THIRD PARTY RIGHTS

22.1      AGREEMENT BINDING ON SUCCESSORS AND PERMITTED ASSIGNEES

          This  Agreement  and the Deed of Tax Covenant  shall be binding on and
          enure for the benefit of the successors and permitted assignees of the
          parties.

22.2      BENEFIT OF AGREEMENT NOT ASSIGNABLE

          The benefit of this  Agreement and the Deed of Tax Covenant may not be
          assigned,  transferred,  charged  or  dealt  in  (whether  by  way  of
          security, trust or otherwise) either in whole or in part to any person
          except as provided in Clause 22.3 (Permitted assignments).

22.3      PERMITTED ASSIGNMENTS

          Either  party  (the  "ASSIGNING  PARTY")  may assign all or any of its
          rights under this  Agreement or the Deed of Tax Covenant,  without the
          other  party's prior  written  consent,  to one or more members of its
          Group subject to the condition  that the Assigning  Party will procure
          that, before any assignee  subsequently ceases to be a member of their
          Group,  that assignee shall assign back to the Assigning  Party, or to
          another member of their Group (which itself shall then be deemed to be
          an assignee of the relevant party for the purposes of this clause), so
          much of the benefit of this  Agreement or the Deed of Tax Covenant (as
          the  case  may be) as has  been  assigned  to it,  provided  that  the
          liability of the other party as a result of the  assignment  shall not
          be greater than its liability had no assignment  occurred and that any
          purported assignment in contravention of this clause shall be void.

22.4      NO RIGHTS OF THIRD PARTIES

          A person who is not a party to this  Agreement  has no right under the
          Contracts  (Rights of Third  Parties)  Act 1999 to enforce any term of
          this Agreement.

23.       NOTICES

          All communications  relating to this Agreement shall be in writing and
          delivered by hand or sent by post or facsimile to the party  concerned
          at the relevant  address shown at the start of this Agreement (or such
          other address as may be notified from time to time in accordance  with
          this  clause  by  the  relevant   party  to  the  other  party).   Any
          communication  shall  take  effect if  delivered,  upon  delivery;  if
          posted,  at the  earlier  of  delivery  and,  if sent by  first  class
          registered  post,  10.00 a.m. on the second Business Day after posting
          and if sent by  facsimile,  when a complete  and  legible  copy of the
          communication,  whether  that sent by facsimile or a hard copy sent by
          post or  delivered  by hand,  has  been  received  at the  appropriate
          address.

                                       37

<PAGE>

24.       GOVERNING LAW AND JURISDICTION

24.1      GOVERNING LAW

          This Agreement  shall be governed by and construed in accordance  with
          English law.

24.2      JURISDICTION

          Each party  irrevocably  submits to the exclusive  jurisdiction of the
          English  courts  to settle  any  dispute  which may arise  under or in
          connection with this Agreement.

EXECUTION

          The parties have shown their acceptance of the terms of this Agreement
          by executing it after the Schedules.

                                       38

<PAGE>

                              [SCHEDULES OMITTED]

EXECUTION:

SIGNED by James Mclaurin, Director,     )  /s/James Mclaurin
duly authorised for and on behalf of    )
UBINETICS HOLDINGS LIMITED              )

SIGNED by Derek Smith       , Director, )  /s/Derek Smith
duly authorised for and on behalf of    )
AEROFLEX TEST SOLUTIONS LIMITED         )

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