Document:

IPEX, Inc.
                       9255 Towne Centre Drive, Suite 235
                           San Diego, California 92121

                                  June 7, 2005

Massimo Ballerini
Via Alserio 13
Milano 20159 Italy

Dear Massimo:

      This  letter  is  being   delivered  in  connection  with  your  continued
employment by IPEX,  Inc., a Nevada  corporation  (the  "Company"),  in order to
facilitate an acquisition by the Company of certain assets of RGB Channel SRL, B
Tech, Ltd.,  Emanuele Boni and you. By signing this letter,  you agree that this
letter sets forth the basic terms and conditions of your employment.

      1. Salary. Your annual salary is currently set at $84,000 ("Salary").  Any
amounts paid as salary will be subject to regular payroll deductions and will be
paid on a semi-monthly  basis. As a general matter, your salary will be reviewed
annually,  but the Company reserves the right to change your  compensation  from
time to time on reasonable notice.  You will, as additional  salary,  subject to
payroll  deductions,  be provided a home to reside, an automobile and a cellular
phone with an aggregate minimum value of $3,000 per month.

      2.  Duties.  Your  job  title  is Chief  Science  Officer,  but you may be
assigned  other titles and duties as needed and your title and duties may change
from time to time on  reasonable  notice,  based on the needs of the Company and
your skills,  as  determined  by the  Company.  As an exempt  employee,  you are
required  to exercise  your  specialized  expertise,  independent  judgment  and
discretion to provide high-quality  services.  You are required to follow office
policies  and  procedures  adopted  from time to time by the Company and to take
such general  direction as you may be given from time to time by your superiors.
The Company  reserves the right to change these  policies and  procedures at any
time. (Also see Adjustments and Changes in Employment Status - below). Except as
set  forth in  Exhibit  A, you are  required  to devote  100% of your  energies,
efforts and abilities to your  employment,  unless the Board expressly agrees in
writing  otherwise.  Except  as set  forth  in  Exhibit  A  hereto,  you are not
permitted to engage in (i) any other business or (ii) any  investment  (directly
or indirectly, third-party or otherwise) made to support any business similar to
that conducted,  or proposed to be conducted by, the Company (except that a less
than two  percent  (2%)  ownership  interest  in a public  corporation  shall be
permitted).

      3. Hours of Work.  As an exempt  employee,  you are  expected  to work the
number  of  hours  required  to get the job  done.  However,  you are  generally
expected to be present  during normal  working hours of the Company.  Normal and
reasonable  working hours will be  established by the Company and may be changed
as needed to meet the needs of the business.

<PAGE>

      4. Adjustments and Changes in Employment  Status.  You understand that the
Company  reserves  the  right  to  make  personnel   decisions   regarding  your
employment,  including  but not limited to decisions  regarding  any  promotion,
salary  adjustment,  transfer  or  disciplinary  action,  up  to  and  including
termination, consistent with the needs of the business.

      5.  Proprietary  Information  Agreement.  You will be required to sign and
abide by the terms of the enclosed proprietary  information agreement,  which is
incorporated into this agreement by reference as Exhibit B.

      6.  Immigration  Documentation.  Please be  advised  that  your  continued
employment   is   contingent   on  your  ability  to  prove  your  identity  and
authorization  to work in the U.S.  for the  Company.  You must  comply with the
Immigration and Naturalization  Service's employment verification  requirements.
The Company shall hire an immigration  attorney,  at Company expense,  to assist
you in obtaining a work visa.

      7.  Representation and Warranty of Employee.  You represent and warrant to
the Company  that the  performance  of your duties has not violated and will not
violate any agreements with or trade secrets of any other person or entity.

      8.  Employee  Benefits.  You will be  eligible  to  receive  paid time off
("PTO") from work for vacations,  personal business,  personal illness or family
business in  accordance  with the  Company's  current PTO policy.  PTO will be a
minimum of twenty (20) working days per annum, or as otherwise  agreed to by the
Company.  You are  also  eligible  to  receive  the  Company's  standard  health
insurance benefits and dental insurance  benefits,  as provided in benefit plans
currently,  or to be, maintained by the Company. The Company shall obtain a term
life  insurance  policy  insuring your life,  payable to  beneficiaries  of your
choice, with a face value of one million dollars ($1,000,000),  for a term equal
to the lesser of (i) 5 years,  or (ii) the term of your  employment as set forth
in Section 10 of this  Agreement.  These  benefits may change from time to time.
You will be covered by  workers'  compensation  insurance  and State  Disability
Insurance, as required by state law.

      9.  Equity-Based  Compensation.  You may be eligible to receive  awards of
equity-based  compensation (e.g., options to acquire shares of the capital stock
of the Company or the opportunity to purchase  restricted  shares of such stock)
pursuant to one or more employee  benefit  plans  maintained by the Company from
time to time for such  purpose;  however,  any  such  compensation  shall be (i)
solely  within  the  discretion  of the  Board  (or a  Committee  of  the  Board
maintained  for such  purpose) and (ii)  subject to the terms of any  definitive
agreement with respect thereto.

      10. Term of  Employment.  Your  employment  with the Company  shall remain
"at-will" after the effective date of this Agreement. In other words, either you
or the Company can terminate your employment at any time for any reason, with or
without cause and with or without notice.  If termination is without cause,  you
will be entitled to salary continuation and severance pay in the amount of three
(3) months Salary.  Termination  for cause is defined as (a) you are derelict in
your duties or commit any misconduct  with respect to the Company's  affairs and
such  dereliction  or  misconduct  shall  continue for a period of five (5) days
after  the  Company  shall  have  given  you  written  notice   specifying  such
dereliction  or  misconduct,  and advising  you that the Company  shall have the
right to  terminate  your  employment  hereunder  in the event  such  misconduct
continues  through  such  five-day  period;  (b) you commit an act  constituting
common law fraud or any crime,  which  could  reasonably  be expected to have an
adverse  impact on the Company,  its business or assets;  or (c) you should fail
(otherwise  than on account of illness or other  incapacity)  or refuse to carry
out the reasonable directives of the Board of Directors of the Company, and such
failure  or  refusal  shall  continue  for a period  of five (5) days  after the
Company has given you written notice  specifying such directives and wherein you
haves failed or refused to carry out the same, and advising you that the Company
shall have the right to terminate  your  employment  hereunder in the event such
failure or refusal continues through such five-day period.

                                      -2-
<PAGE>

      11.  Dispute  Resolution  Procedure.  You and the Company (the  "parties")
agree that any dispute arising out of or related to the employment relationship,
including the termination of that  relationship and any allegations of unfair or
discriminatory treatment arising under state or federal law or otherwise, to the
maximum  extent  permitted  by law,  shall  be  resolved  by final  and  binding
arbitration in San Diego, California,  except where the law specifically forbids
the use of arbitration as a final and binding remedy, or where section (d) below
specifically  allows  a  different  remedy.  The  following  dispute  resolution
procedure shall apply:

      (a) The party claiming to be aggrieved  shall furnish to the other party a
written  statement of the grievance  identifying any witnesses or documents that
support the grievance and the relief requested or proposed.

      (b) The responding party shall furnish a statement of the relief,  if any,
that it is willing to provide,  and the witnesses or documents  that support its
position as to the appropriate  action.  The parties can mutually agree to waive
this step. If the matter is not resolved at this step,  the parties shall submit
the dispute to non-binding mediation before a mediator to be jointly selected by
the parties. The Company will pay the cost of the mediation.

      (c) If the  mediation  does not produce a resolution  of the dispute,  the
parties  agree  that  the  dispute  shall  be  resolved  by  final  and  binding
arbitration.  The  parties  shall  attempt  to  agree  to  the  identity  of  an
arbitrator,  and,  if they  are  unable  to do so,  they  will  obtain a list of
arbitrators from the Federal  Mediation and  Conciliation  Service and select an
arbitrator by striking names from that list.

      The arbitrator  shall have the authority to determine  whether the conduct
complained  of in  subsection  (a) of this  section  violates  the rights of the
complaining  party and, if so, to grant any relief authorized by law, subject to
the  exclusions  of  subsection  (d) below.  The  arbitrator  shall not have the
authority  to modify,  change or refuse to enforce  the terms of any  employment
agreement  between the parties.  In addition,  the arbitrator shall not have the
authority to require the Company to change any lawful policy or benefit plan.

                                      -3-
<PAGE>

      The hearing shall be transcribed.  The Company shall bear the costs of the
arbitration if you prevail. If the Company prevails,  you will pay half the cost
of the arbitration or $5000,  whichever is less. Each party shall be responsible
for paying its own attorneys fees.

      Arbitration  shall be the exclusive  final remedy for any dispute  between
the parties,  to the maximum extent permitted by law,  including but not limited
to disputes  involving claims for  discrimination  or harassment (such as claims
under the Fair  Employment and Housing Act, Title VII of the Civil Rights Act of
1964,  the  Americans  with  Disabilities  Act,  or the  Age  Discrimination  in
Employment  Act),  wrongful  termination,  breach of contract,  breach of public
policy,  physical  or mental harm or  distress  or any other  disputes,  and the
parties agree that no dispute shall be submitted to arbitration  where the party
claiming to be aggrieved has not complied with the  preliminary  steps  provided
for in subsections (a) and (b) above.

      The parties agree that the  arbitration  award shall be enforceable in any
court having jurisdiction to enforce this Agreement, so long as the arbitrator's
findings  of fact are  supported  by  substantial  evidence on the whole and the
arbitrator has not made errors of law; provided,  however, that either party may
bring an action in a court of  competent  jurisdiction  regarding  or related to
matters  involving  the  Company's  confidential,  proprietary  or trade  secret
information,  or regarding or related to  inventions  that you may claim to have
developed prior to joining the Company or after joining the Company, pursuant to
California  Labor Code 2870.  The parties  further agree that, for violations of
your confidentiality,  proprietary information or trade secret obligations which
the parties have elected to submit to arbitration, the Company retains the right
to seek preliminary  injunctive  relief in court in order to preserve the status
quo or prevent irreparable injury before the matter can be heard in arbitration.

      (d) The  Company  reserves  the right to  modify,  change  or cancel  this
provision upon 30 days written  notice.  However,  such  cancellation  shall not
affect matters which have already been submitted to arbitration.

      12. Integrated  Agreement.  Please note that this Agreement supersedes any
prior  agreements,  representations  or promises of any kind,  whether  written,
oral,  express or implied between the parties hereto with respect to the subject
matters  herein.  It  constitutes  the full,  complete and  exclusive  agreement
between you and the Company with  respect to the subject  matters  herein.  This
agreement  cannot  be  changed  unless in  writing,  signed by you and the Chief
Executive Officer or President of the Company.

      13.  Severability.  If any term of this  Agreement  is held to be invalid,
void or  unenforceable,  the  remainder of this  Agreement  shall remain in full
force and effect and shall in no way be  affected;  and,  the parties  shall use
their best efforts to find an alternative way to achieve the same result.

                                      -4-
<PAGE>

      In order to confirm your agreement with these terms,  please sign one copy
of this letter and return it to me. The other copy is for your records. If there
is any matter in this letter  which you wish to discuss  further,  please do not
hesitate to speak to me.

                                 Very truly yours,

                                 IPEX, INC.

                                 By:   /s/ Milton Ault
                                      ------------------------------------------
                                      Milton "Todd" Alt, Chief Executive Officer

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

      I agree to the terms of employment set forth in this Agreement.

Signature: /s/ Massimo Ballerini
           ---------------------                        ---------------------
Name:  Massimo Ballerini                                Date:  June 7, 2005

                                      -5-
<PAGE>

                                    EXHIBIT A
                                    ---------

      The undersigned, Massimo Ballerini, hereby certifies, represents, warrants
and covenants to IPEX, Inc., a Nevada corporation (the "Company") the following:

      (a) Ownership Interests.  The undersigned is currently the owner (directly
or indirectly) of capital stock in the Company.  The  undersigned  owns no other
ownership interests in, nor has any rights to acquire any ownership interests in
(directly or indirectly) any business similar to that conducted,  or proposed to
be conducted by, the Company.

      (b)  Noncompetition.  The undersigned  represents,  warrants and covenants
that he shall not hold any  ownership  interests or rights to acquire  ownership
interests in, directly or indirectly, any business similar to that conducted, or
proposed  to be  conducted  by, the  Company,  or their  respective  affiliates,
related  parties,  predecessors,  successors  and assigns until the later of (i)
twelve (12) months  following the  termination of the  undersigned's  employment
with the  Company,  or (ii) six (6) months  after  such time as the  undersigned
holds no  ownership  interests or rights to acquire  ownership  interests in the
Company, except that a less than two percent (2%) ownership interest in a public
corporation shall be permitted.

      (c)  Nonsolicitation.  During the period commencing on the date hereof and
ending two (2) years after the  termination of the  undersigned 's employment by
the Company for any reason,  the  undersigned  shall not directly or  indirectly
induce or  attempt to induce any of the  employees  of the  Company to leave the
employ of the Company,  or solicit the business of any client or customer of the
Company or any consultant to the Company.

      (d) Proprietary Information.

            (i) For purposes of this Agreement,  "Proprietary Information" shall
mean any  information  relating  to the  business  of the  Company  that has not
previously  been publicly  released by duly  authorized  representatives  of the
Company and shall include (but shall not be limited to) information  encompassed
in all  proposals,  marketing  and sales plans,  financial  information,  costs,
pricing  information,  computer  programs  (including  source code, object code,
algorithms and models),  customer information,  customer lists, and all methods,
concepts,  know-how  or ideas in or  reasonably  related to the  business of the
Company  as  well  as  confidential  information  belonging  to the  Company  's
customers  or  clients.  The  undersigned  agrees  to  regard  and  preserve  as
confidential   all  Proprietary   Information   whether   undersigned  has  such
Proprietary Information in undersigned 's memory or in writing or other physical
form.

            (ii) The undersigned  will not,  without written  authority from the
Company to do so, directly or indirectly,  use any  Proprietary  Information for
the undersigned 's benefit or purposes, nor disclose any Proprietary Information
to  others,  either  during the term of the  undersigned  's  employment  by the
Company or thereafter,  except as required by the conditions of the  undersigned
's  employment  by the Company.  The  undersigned  agrees not to remove from the
premises of the Company,  except as an employee of the Company in pursuit of the
business of the Company,  or except as specifically  permitted in writing by the
Company,  any  document  or object  containing  or  reflecting  any  Proprietary
Information.  The  undersigned  recognizes  that all such documents and objects,
whether  developed by undersigned or by someone else, are the sole and exclusive
property of the Company.

                                      A-1
<PAGE>

            (iii) All  Proprietary  Information  and all of the  undersigned  's
interest in trade secrets, trademarks,  computer programs, customer information,
customer lists, employee lists, products, procedure, copyrights and developments
created or developed by the  undersigned  during the term of this Agreement as a
result of, or in connection  with, the undersigned 's employment by the Company,
shall be the sole and exclusive property of the Company and shall be deemed work
made for hire for purposes of the United States copyright laws.  Without further
compensation,  but at the  Company's  expense,  forthwith  upon  request  of the
Company,  the undersigned  shall execute any and all such  assignments and other
documents  and take any and all such other action as the Company may  reasonably
request in order to vest in the Company all of the  undersigned 's right,  title
and interest in all of the aforesaid items, free and clear of any and all liens,
claims and encumbrances of any kind or nature whatsoever.

      (e)  Indemnification.  The  undersigned  hereby  agrees to  indemnify  the
Company, and to save the Company harmless, from and against any loss, liability,
demand,  claim,  action, cause of action, cost, damage or expense whether or not
arising out of third party claims  (including,  without  limitation,  attorneys'
fees and court  costs)  (collectively,  "Losses")  which the Company may suffer,
sustain or become subject to as a result of, in connection with,  relating to or
by virtue of any inaccuracy in or breach of the representations,  warranties and
covenants made in Sections 2, 5 or 7 or this Exhibit A of this employment letter
(the undersigned hereby  acknowledging that such  indemnification is a necessary
inducement  to the  Company,  in order to  continue  its  interest,  agreements,
arrangements,  business  or  affairs  with the  Company  (and thus  benefit  the
undersigned)).

      (f) Survival.  The representations,  warranties and covenants made in this
employment  letter  shall  terminate  only  when  all  applicable   statutes  of
limitation  with respect to the  liabilities  in question  shall  expire  (after
giving effect to any extensions or waivers thereof); provided, however, that any
representation, warranty or covenant in respect of which indemnity may be sought
under the rights  enumerated in this employment  letter,  and the indemnity with
respect  thereto,  shall survive the time at which it would otherwise  terminate
pursuant  to this  employment  letter if notice  of an  inaccuracy  or breach or
potential  inaccuracy or breach  thereof  giving rise to such right or potential
right of indemnity shall have been given to the undersigned prior to such time.

                                       /s/ Massimo Ballerini
                                        ---------------------
                                       Massimo Ballerini

                                      A-2
<PAGE>

                                    EXHIBIT B

     Assignment of Intellectual Property, Know-how and Inventions Agreement

                                   [attached]

                                      B-1Covenant Not to Compete and Confidentiality Agreement

      THIS COVENANT NOT TO COMPETE AND CONFIDENTIALITY  AGREEMENT ("Agreement"),
dated June 7, 2005,  by and between  IPEX,  Inc., a  corporation  organized  and
existing under the laws of Nevada with offices at 9255 Towne Centre Drive, Suite
235,  San  Diego,  California  92121  (the  "Company")  and RGB  Channel  SRL, a
corporation  organized and existing  under the laws of Italy with offices at Via
Alserio 13, Milano 20159 Italy , Massimo Ballerini, B Tech, Ltd.., a corporation
organized and existing under the laws of the British Virgin Islands and Emanuele
Boni (collectively "Covenanter").

                              W I T N E S S E T H:

      WHEREAS, the Company and Covenanter,  among others, are parties to two (2)
certain asset purchase and sale  agreements (the "APA's") of even date herewith,
whereby  the  Company  has  agreed  to  purchase  certain  of the  assets of the
Covenanter;

      WHEREAS,  the Company and  Covenanter  are  desirous  of  restricting  the
competition of Covenanter, as provided herein.

      NOW THEREFORE,  in consideration of the inducement to enter into the APA's
and other good and valuable  consideration,  the receipt and sufficiency whereof
are hereby  acknowledged,  and in further  consideration  of the  covenants  and
agreements  contained  herein,  the parties  hereto  agree with each  other,  as
follows:

      1.  Covenant  Not  to  Compete.   Covenanter  agrees  and  covenants  that
Covenanter shall not, without the prior written consent of the Company, directly
or indirectly,  anywhere within the territory in which the Company  conducts its
business (the  "Restricted  Territory")  for a period from the date hereof until
five (5) years following the date hereof: (1) form,  acquire,  finance,  assist,
support,  or become  associated  as an employee,  agent,  partner,  shareholder,
coventurer or otherwise,  directly or indirectly, with, or engage in, a business
which  is  similar  to the  business  of  the  Company  (any  such  business  is
hereinafter  referred to as a  "Competitive  Business");  (2) for the purpose of
conducting or engaging in any Competitive Business,  call upon, solicit,  advise
or  otherwise  do, or attempt to do business  with any  suppliers,  customers or
accounts of the Company or take away or interfere  or attempt to interfere  with
any customer, trade, business or patronage of the Company; (3) interfere with or
attempt to interfere with or hire any officers,  employees,  representatives  or
agents of the Company,  or any of the Company's  subsidiaries or affiliates,  or
induce or attempt  to induce  any of them to leave the employ of the  Company or
any of the Company's  subsidiaries or affiliates,  or violate the terms of their
contract with any of them, or (4) make any statement disparaging the business of
the Company, or its subsidiaries,  officers, directors and shareholders,  to any
person, firm, corporation or other business organization whatsoever.  Covenanter
shall not use or disclose, after the date hereof, any proprietary information or
know-how of the Company in any Competitive Business.

                                        1
<PAGE>

      2. Confidentiality.  Covenanter agrees expressly that Covenanter shall not
use, permit the use of, disclose,  or permit the disclosure to any competitor or
other  third  party  of  any  Confidential   Information  (as  herein  defined).
Covenanter  acknowledges  that the  continued  success  of  Company  is  largely
dependent  upon  maintaining  the   confidentiality   of  such  information  and
preventing its disclosure to competitors and other third parties.  "Confidential
Information"  includes,  but shall not be limited to, information  pertaining to
research and development of new product designs, sales and marketing information
of Company,  trade  secrets,  software  programs,  and  customer  data and shall
include  any  information  of a  similar  nature  hereafter  identified  to this
Agreement as confidential or proprietary.  "Customer data" means any information
pertaining  to a  customer,  distributor,  supplier,  or other  person or entity
contacted  to utilize  Company's  services or purchase or license its  products,
including, but not limited to, preferences,  pricing information, service needs,
software,  and similar insider knowledge of such parties'  requirements obtained
by Company at any time or obtained by Covenanter. Covenanter agrees that for the
five  (5) year  term of this  Agreement  Covenanter  will  not  disclose  to any
unauthorized person or use for its own account, anywhere within the geographical
territory in which  Company is marketing  its services or products,  any of such
Confidential  Information  without the prior written consent of Company,  unless
and to the extent the  aforementioned  matters  become known to or available for
use by the public  otherwise than as a result of Covenanter 's acts or omissions
to act.  Covenanter  further  agrees that upon  termination of this Agreement it
will not  withhold or retain any  records,  papers,  letters,  or other data and
information  with respect to Buyer's  business without the prior written consent
of Company's Board of Directors.

      3. Saving Clause.  The Company and Covenanter intend that the covenants of
Sections 1 and 2 shall be deemed to be a series of separate  covenants,  one for
each county of each and every state, country, province, municipality,  territory
or  jurisdiction  located in the Restricted  Territory and one for each month of
the period specified above. If, in any judicial proceeding, a court shall refuse
to enforce any of such  covenants,  then such  unenforceable  covenants shall be
deemed eliminated from the provisions hereof for the purpose of such proceedings
to the  extent  necessary  to permit  the  remaining  separate  covenants  to be
enforced in such proceedings.

      4.  Injunction.  In the  event  of a  breach  or a  threatened  breach  by
Covenanter  or any of its  affiliates of this Sections 1 or 2, the Company shall
be entitled to an injunction  restraining  such breach without posting bond, but
nothing  herein shall be  construed  to prohibit  the Company from  pursuing any
remedy available to the Company for such breach or such threatened breach.

      5.  Successors  and Assigns;  Gender.  This  Agreement  shall inure to the
benefit of the Company,  its  successors  and assigns and may not be terminated,
amended or modified,  except by an instrument in writing  executed by Covenanter
and the Company.  The  masculine  gender shall be deemed to include the feminine
and neuter genders in this Agreement.

      6. Governing Law. The provisions of this Agreement shall be construed, and
the  performance  thereof  shall be  enforced,  in  accordance  with the laws of
California.  The parties hereby  irrevocably and  unconditionally  submit to the
exclusive  jurisdiction  and venue of the courts of  California  and the federal
courts of the United States of America located in such State in the event of any
dispute hereunder.

                                       2
<PAGE>

      7.  Designation of Agent.  Covenanter  represents,  warrants and covenants
that it is subject to service of process at the official  residence of Ballerini
in California,  or an identified location  communicated from time to time to the
Company should Ballerini's  employment  relationship with the Company terminate,
and that it will remain so subject so long as this Agreement is in effect

      Covenanter  further  acknowledges  that it will  materially,  directly  or
indirectly,   receive  financial  benefit  from  the  underlying   transactions.
Covenanter  agrees that the execution of this  Agreement and  performance of its
obligations hereunder shall be deemed to have a California situs, and Covenanter
shall be subject to the personal  jurisdiction  of the courts of California with
respect  to any action the  Company,  its  successors  or assigns  may  commence
hereunder.  Accordingly,  Covenanter  hereby  specifically  and  irrevocably (a)
agrees  that any suit,  action or other  legal  proceedings  arising out of this
Agreement  may be brought in the courts of record of California or the courts of
the United States  located in such state;  (b) consents to the  jurisdiction  of
each such  court in any such  suit,  action or  proceeding;  and (c)  waives any
objection  which  Covenanter  may have to the  laying of venue of any such suit,
action or proceeding in any of such courts.

                            [Signature page follows.]

                                        3
<PAGE>

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

                                    COMPANY
                                    IPEX, Inc.

                                    By:  /s/ Milton Ault
                                        ----------------------------------------
                                    Name: Milton "Todd" Alt
                                    Title: Chief Executive Officer

                                    COVENANTER
                                    RGB Channel SRL

                                    By: consigliere administezio de RGB Channel
                                        ----------------------------------------
                                    Name:  /s/ Massimo Ballerini
                                          --------------------------------------
                                    Title: consigliere
                                           -------------------------------------

                                     /s/ Massimo Ballerini
                                    --------------------------------------------
                                    Massimo Ballerini

                                    B Tech, Ltd.

                                    By:
                                          --------------------------------------
                                    Name:
                                          --------------------------------------
                                    Title:
                                          --------------------------------------

                                       /s/ Emanuele Boni
                                       --------------------------------------
                                       Emanuele Boni

                                        4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]