Document:

SHARE
      PURCHASE AGREEMENT

     

      
        

      

    

     

    Between

     

    ROO
      GROUP, INC.

     

    and

     

    _________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    THIS
      AGREEMENT
      is dated
      this 30th
      of April
      2008

     

    PARTIES
      

     

    
      	
              (1)
                

            	
              ______________,
                of
                37 ____________________ (hereinafter “Vendor”);

            

    

    

    
      	
              (2)

            	
              ROO
                GROUP INC.,
                a
                Delaware USA corporation duly incorporated under the laws of Delaware,
                USA
                and having its principal place of business at 228 East 45th
                Street, New York, 10017 USA, or such other of its Affiliates from
                time to
                time as it may nominate pursuant to Clause 11.2 (the “Purchaser”)

            

    

     

    BACKGROUND
      

     

    
      	
              (A)
                

            	
              Vendor
                is the legal and beneficial owner of 37 Shares (collectively the
                “Sale
                Shares”)
                in Sputnik Agency Pty Ltd, a company duly organized under the laws
                of
                Australia having a registered address at 'Agostinelli Perlen', level
                2,
                200 Lygon Street, Carlton Victoria, Australia 3181 (the Company).
                

            

    

    

    
      	
              (B)

            	
              The
                Vendor has agreed to sell the Sale Shares to the Purchaser and the
                Purchaser has agreed to purchase the Sale Shares for the Purchase
                Price
                and upon and subject to the terms and conditions of this
                Agreement.

            

    

     

    IT
      IS
      AGREED AS FOLLOWS: 

    

    1. DEFINITIONS
      AND INTERPRETATION 

    

    
      	
              1.1
                

            	
              In
                this Agreement the following words and expressions have the meanings
                set
                opposite them: 

            

    

     

    Affiliate:
      in
      relation to any body corporate, any holding company or subsidiary of such body
      corporate or any subsidiary of a holding company of such body corporate;

     

    Agreement:
      this
      agreement including its recitals and the schedules and any ancillary agreement
      referred to herein forming part of the total agreement and understanding;

     

    Business:
      the
      business of the Company as conducted at the date hereof; 

     

    Business
      Day:
      a day
      (other than a Saturday or Sunday) when banks are open for business in Melbourne,
      Australia; 

     

    Claim:
      any
      claim by the Purchaser arising under the Warranties; 

     

    Claim
      Notice:
      as
      defined in Schedule 3, Paragraph 2(A); 

     

    Completion:
      completion of the sale and transfer of the Sale Shares pursuant to this
      Agreement; 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Completion
      Date:
      means
      May 5, 2008 or any earlier date agreed by the Parties upon which Completion
      takes place; 

     

    Disclosed:
      fully
      and fairly disclosed to the Purchaser expressly for the purposes of this
      Agreement; 

     

    Earn-Out
      Payment: the
      earn-out payment obligation of the Purchaser against its existing fifty-one
      (51%) shareholding in the Company payable to the Shareholders of the Company;
      

     

    Escrow
      Account means
      an
      Escrow account to be held by the Escrow Agent;

     

    Escrow
      Agent
      means
      William Buck (NSW) Pty Ltd;

     

    Escrow
      Deed means
      the
      deed of escrow to be entered into by the Vendor, the Purchaser and the Escrow
      Agent, in such mutually agreed form, which will govern the terms of how the
      Escrow Amount will be held and released (as referred to in clause
      3.2);

     

    Law
      or Laws:
      includes
      all applicable legislation, statutes, directives, regulations, judgments,
      decisions, decrees, orders, instruments, by-laws, and other legislative measures
      or decisions having the force of law, treaties, conventions and other agreements
      between states, or between states other supranational bodies, rules of common
      law, customary law and equity and all civil and other codes as such are
      implemented in Australia before or the date of this Agreement; 

     

    Purchase
      Price:
      the
sum
      specified in clause 3.1;

     

    Purchaser's
      Group:
      the
      Purchaser and its Affiliates; 

     

    Purchaser's
      Lawyers:
      Motei
& Associates of P.O. Box 112888, Dubai, United Arab Emirates and Colin
      Biggers & Paisley of Level 42, 2 Park Street, Sydney, NSW 2000, Australia;

     

    Sale
      Shares: means
      37
      Shares in the capital of the Company to which the Vendor is the legal and
      beneficial owner;

     

    Shares:
      1,000
      common shares representing 100% of the issued share capital of the Company;
      

     

    Tax
      Authority:
      the
      Australian Tax Office and any other governmental or other person whatsoever
      competent to enforce or collect any Taxation whether in Australia or elsewhere;
      

     

    Third
      Party Claim:
      as
      defined in paragraph 3.1 of Schedule 3; 

     

    Total
      Consideration means
      the
      payment of the Earn Out Payment and the Purchase Price;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Vendor's
      Lawyers:
      means
      DLA Phillips Fox, of 140 William Street, Melbourne, Victoria,
      Australia;

     

    Warranties:
      the
      warranties set out in Schedule 1; 

     

    "In
      the agreed terms" or "in the agreed form":
      in the
      form agreed between the Vendors' Lawyers and the Purchaser’s Lawyers and signed
      for the purposes of identification by or on behalf of each party. 

     

    
      	
              1.2
                

            	
              The
                table of contents and headings in this Agreement are inserted for
                convenience only and shall not affect its construction.
                

            

    

    

    
      	
              1.3
                

            	
              Unless
                the context otherwise requires words denoting the singular shall
                include
                the plural and vice versa, references to any gender shall include
                all
                other genders and references to persons shall include bodies corporate,
                unincorporated associations and partnerships in each case whether
                or not
                having a separate legal personality.

            

    

    

    
      	
              1.4
                

            	
              References
                to recitals, schedules and clauses are to recitals and schedules
                to and
                clauses of this Agreement unless otherwise specified and references
                within
                a schedule to paragraphs are to paragraphs of that schedule unless
                otherwise specified. 

            

    

    

    
      	
              1.5
                

            	
              References
                in this Agreement to any statute, statutory provision, or treaty
                include a
                reference to that statute, statutory provision, or treaty as operative
                only at the date of this Agreement and include any order, regulation,
                instrument or other subordinate legislation made under the relevant
                statute, statutory provision, or treaty.

            

    

    

    
      	
              1.7
                

            	
              Any
                reference to writing
                or
                written
                includes faxes and any non-transitory form of visible reproduction
                of
                words (but not e-mail). 

            

    

    

    
      	
              1.8
                

            	
              Any
                agreement, covenant, representation, warranty, undertaking or liability
                arising under this Agreement on the part of two or more persons shall
                be
                deemed to be made or given by such persons jointly and severally.
                

            

    

    

    
      	
              1.9
                

            	
              References
                to times of the day are to Melbourne time and references to a day
                are to a
                period of 24 hours running from midnight on the previous day, unless
                otherwise noted. 

            

    

    

    
      	2.	
              SALE
                AND PURCHASE

            

    

    

    
      	2.1	
              Obligation
                to sell and purchase 

            

    

     

    Subject
      to the terms of this Agreement, the Vendor as legal and beneficial owner shall
      sell and the Purchaser shall purchase the Sale Shares free from all charges,
      liens, encumbrances, equities and claims whatsoever and together with all rights
      attaching to them at the date of this Agreement. 

     

    
      	3.	
              CONSIDERATION 

            

    

    

    
      	
              3.1
                

            	
              The
                Earn-Out Payment and Purchase Price of the Sale Shares shall
                be:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (a)

            	
              Subject
                to 3.2, a cash Earn-Out Payment, which, subject to clause 3.1(b)
                and all
                other terms of this agreement, shall be full and final settlement
                by
                Purchaser for any and all such entitlements due the Vendor, at Completion
                in the amount of US$182,572.00.

            

    

     

    
      	 	
              (b)

            	
              The
                sum of US$46,800 (the “Cash Consideration”) payable to Vendor for the
                Vendor Sale Shares at Completion. 

            

    

     

    
      	3.2	
              Escrow

            

    

    

    An
      escrow
      of US$13,692.90
      (7.5% of the aggregate Earn-Out Payment) (the “Escrow Amount”) shall be held in
      the Escrow Account under the terms of the Escrow Deed for the purpose of
      indemnifying the Purchaser for any breach of the Warranties set out in Schedule
      2 after Completion. The Escrow Amount shall be held for no more than six (6)
      months after Completion, at which time said amounts shall be released to the
      Vendor, provided there are no liabilities arising out of the
      Warranties.

     

    
      	4.	
              COMPLETION 

            

    

    

    
      	4.1	
              Time
                and location 

            

    

     

    Completion
      shall take place at the offices of the Company on the Completion Date or any
      earlier date agreed by the parties at 4:00pm local time in Melbourne.

     

    
      	4.2	
              Vendors'
                obligations 

            

    

     

    The
      Vendor shall on the Completion Date deliver to the Purchaser each of the
      documents listed in Schedule 2. 

    

    
      	4.3	
              Purchaser's
                obligations 

            

    

     

    The
      Purchaser shall on the Completion Date pay the Earn-Out Payment and the Purchase
      Price less the escrow amount, by way of irrevocable electronic transfer for
      same
      day value before 14.00 hours on the Completion Date to the following
      account : 

     

    Bank:
      Westpac Banking Corporation

    Account
      number: 732000 791117

    Address:
      Sydney Office, 341 George Street, Sydney

    Swift
      Code: WPACAU2S

    

    
      	4.4	
              No
                acts or omissions contrary to Warranties

            

    

     

    The
      Vendor shall not undertake any act or omission before Completion which would
      constitute a breach of any of the Warranties if they were given at any and
      all
      times from the date hereof down to Completion or which would make any of the
      Warranties inaccurate or misleading if they were so given. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	4.5	
              Failure
                to complete 

            

    

     

    If
      in any
      material respect the obligations of the Vendor or Purchaser are not complied
      with on the date for Completion set by clause 4.1 the party not in default
      may: 

     

    
      	 	
              (a)
                

            	
              defer
                Completion to a date not more than 30 days after the date set by
                clause 4.1 (and so that the provisions of this clause 4.5, apart
                from this clause 4.5 (a), shall apply to Completion as so deferred);
                or 

            

    

    

    
      	 	
              (b)
                

            	
              proceed
                to Completion so far as practicable (without prejudice to its rights
                hereunder); or 

            

    

    

    
      	 	
              (c)

            	
              rescind
                this Agreement, provided the party not in default has given the other
                party sufficient opportunity to remedy its breach
                .

            

    

    

    
      	
              4.6

            	
              Without
                prejudice to clause 5.4, the Vendor shall forthwith disclose in
                writing to the Purchaser any matter or thing which may arise and
                become
                known to the Vendor after the date hereof and before Completion which
                is
                inconsistent with any of the Warranties or which might make any of
                them
                inaccurate or misleading if they were given at any and all times
                from the
                date hereof down to Completion or which is a breach of clause 4.4or
                which is material to be known to a purchaser for value of the Sale
                Shares.
                

            

    

     

    

    
      	
              4.7

            	
              At
                any time prior to or at Completion, the Purchaser becomes aware (whether
                or not as a result of any disclosure by the Vendor under clause 4.6)
                of any matter or circumstance which constitutes a material breach
                of any
                of the Warranties and if such matter or circumstance is reasonably
                likely
                to have a material adverse effect the Purchaser shall be entitled to
                terminate this Agreement by written notice ("Notice") to the Vendor
                (such
                Notice to specify that it constitutes Notice pursuant to this Clause
                and
                giving such reasonable particulars as are available to the Purchaser
                of
                the matter or circumstance giving rise to service of such Notice);
                and for
                the purposes of this clause, a matter or circumstance shall be considered
                to be reasonably likely to have a material adverse effect if as a
                result
                of such matter or circumstance it is reasonably anticipated that
                the
                aggregate turnover or profits of the Company will be at least 20
                (twenty)
                per cent lower for the current calendar year than would otherwise
                have
                been the case had that matter or circumstance not have existed or
                occurred. 

            

    

     

    

    
      	
              4.8
                

            	
              Clause 4.7
                shall not apply to such matter or circumstance referred to in 4.8
                which
                results from: 

            

    

    

    (a)
      matters Disclosed; 

    

    
      	 	
              (b)

            	
              changes
                after the date of this Agreement in stock markets, interest rates,
                exchange rates, commodity prices or other general economic conditions;
                

            

    

    

    
      	 	
              (c)
                

            	
              general
                changes in the political climate which shall include for the avoidance
                of
                doubt, war and acts of terrorism; 

            

    

    

    
      	 	
              (d)

            	
              changes
                after the date of this Agreement in the Law or accounting practices;
                or
                

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (e)

            	
              an
                event occurring after the date of this Agreement which is caused
                by the
                change of control resulting from this transaction.
                

            

    

    

    
      	5.	
              WARRANTIES 

            

    

    

    
      	5.1	
              The
                Vendor warrants to the Purchaser that each of the Warranties as set
                forth
                in Schedule 1 is true and accurate and the Vendor acknowledges that
                the Purchaser is entering into the Agreement in reliance upon each
                of the
                Warranties each of which is given on the basis that it is repeated
                at all
                times up to and including Completion.

            

    

    

    
      	5.2	
              The
                Warranties and any other representation, indemnity or undertaking
                contained hereinare given subject to any exceptions, qualifications
                or
                reservations disclosed or expressly provided for under this Agreement.
                

            

    

    

    
      	5.3	
              Warranties
                to be independent. Each of the Warranties shall be separate and
                independent and, save as expressly provided, shall not be limited
                by
                reference to any other Warranty or anything in this Agreement.
                

            

    

    

    
      	5.4	
              Where
                any of the Warranties is made or given so
                far as the Vendor is aware or to the best of the Vendor's knowledge,
                information and belief
                or
                any similar expression, such Warranty shall be deemed to be made
                on the
                basis of actual and constructive knowledge of the
                Vendor.

            

    

    

    
      	6.	
              LIMITATION
                OF VENDOR'S LIABILITY 

            

    

    

    
      	6.1	
              No
                liability shall accrue hereunder under the Warranties in relation
                to
                matters Disclosed. 

            

    

    

    
      	6.2	
              The
                liability of the Vendor hereunder shall be limited as provided in
                Schedule 3. 

            

    

    

    
      	7.	
              PROTECTION
                OF GOODWILL AND TRADE SECRETS 

            

    

    

    
      	7.1	
              Save
                as specifically provided herein, Vendor undertakes that it shall
                not and
                shall procure that the Vendor's Group shall not whether personally
                or by
                its officers, employees or agents do any of the following:
                

            

    

     

    
      	 	
              (a)

            	
              disclose
                to any other person within three (3) years after Completion (or in
                the
                case of Technical Know How, at any time within ten years after Completion)
                at any time any information of a secret or confidential nature relating
                exclusively or primarily to the Business ("Confidential Information")
                or
                any Technical Know How except: 

            

    

    

    
      	
            	(i)	
              to
                the extent that the Confidential Information or Technical Know How
                has
                entered the public domain otherwise than by reason of the unauthorised
                act
                or default of the Vendor or the Vendor's Group;

            

    

    

    
      	 	
              (ii)

            	
              information
                which it subsequently acquires from a third party lawfully and not
                under a
                duty of confidentiality; 

            

    

    

    
      	 	
              (iii)

            	
              in
                so far as may be required by law or by any regulatory authority;
                

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (iv)

            	
              any
                information which the Vendor or Vendor's Group independently develops
                without using the Confidential Information; and

            

    

    

    
      	 	
              (v)

            	
              any
                Confidential Information or Technical Know How.

            

    

    

    (b)
      within one year after Completion, solicit or entice away from the employment
      of
      the Company or the Purchaser, including Purchaser’s operating subsidiary Reality
      Group Pty Ltd., any person who is at Completion a senior Employee of the Company
      or the Purchaser, including Purchaser’s operating subsidiary Reality Group Pty
      Ltd. 

    

    (c)
      within six months after Completion, solicit or entice away from the employment
      of the Company or the Purchaser, including Purchaser’s operating subsidiary
      Reality Group Pty Ltd., any person who is at Completion an Employee of the
      Company or the Purchaser, including Purchaser’s operating subsidiary Reality
      Group Pty Ltd., save always that this paragraph c shall not apply in the event
      that any employee responds to an advertisement placed by the Vendor or any
      member of the Vendor's Group. 

     

    
      	7.2	
              Vendor
                shall procure that the obligations set out in this Clause 7 be
                binding on the Vendor's Group successors in title.
                

            

    

    

    
      	7.	
              OBLIGATIONS
                OF THE PURCHASER 

            

    

    

    
      	7.1	
              The
                Purchaser warrants to the Vendor that it is not aware of any circumstance
                or fact which to its knowledge would enable it to make a Claim at
                the date
                of Completion. 

            

    

    

    
      	7.2	
              The
                Purchaser warrants to the Vendor that:

            

    

    

    
      	 	
              (a)

            	
              it
                is a corporation validly existing under the laws of Delaware with
                the
                requisite power and authority to enter into and perform, and has
                taken all
                necessary corporate action to authorise, the execution and performance
                of,
                its obligations under this Agreement and all documents in the agreed
                form;
                and 

            

    

    

    
      	 	
              (b)
                

            	
              this
                Agreement constitutes valid and binding obligations of the Purchaser.
                

            

    

     

    
      	8.	
              DEBT
                AND GUARANTEES 

            

    

    

    
      	8.1	
              The
                Purchaser undertakes with the Vendor to procure the release at Completion
                (or as soon thereafter as is practicable) of the Vendor from all
                guarantees, indemnities, bonds, letters of comfort, undertakings,
                licenses
                and other arrangements to which it is a party in respect of the Company
                or
                its business and to indemnify and to keep indemnified on a continuing
                basis the Vendor from all claims, liabilities, costs and expenses
                (including without limitation, legal and other professional advisers'
                fees) arising in respect or by reason thereof.

            

    

    

    
      	8.2	
              Without
                limiting the generality of Clause 8.1 and provided that the Purchaser
                will not be obliged to provide greater security than the security
                provided
                by the Vendor, the Purchaser agrees, in discharging its obligations
                under
                that Clause, to offer any guarantees, indemnities or other undertakings
                (as the case may be) or otherwise procure satisfactory security in
                place
                of the guarantees and indemnities and other arrangements referred
                to in
                Clause 8.1. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	8.3	
              The
                obligations of the Purchaser under Clauses 8.1 and 8.2 will continue
                after
                Completion until all such releases are obtained.
                

            

    

    

    
      	9.	
              ANNOUNCEMENTS;
                CONFIDENTIALTY

            

    

     

    
      	
              9.1

            	
              Except
                in the course of its normal investor relations activities, provided
                no
                statements will be made to the detriment of the business of the Company
                and the Vendor, no press conference, announcement or other communication
                concerning this sale and purchase or any ancillary matter referred
                to in
                this Agreement, shall be made or despatched on or after the date
                hereof
                until Completion by the Vendor or the Purchaser or their respective
                agents, employees or advisers to any third party without the prior
                written
                consent of the other parties save as may be required by any:
                

            

    

     

    (a)
       law;
      

    

    (b)
       contractual
      arrangements existing at the date hereof; or 

    

    (c)
       listing
      authority or a stock exchange; or 

    

    
      	
            	(d)	
              any
                applicable regulatory authority to which a party is subject where
                such
                requirement has the force of law. 

            

    

     

    provided
      that in the event that any press conference announcement or other communication
      is made pursuant to the requirements of (a) to (d) above, the party
      required to make the same shall to the extent and in the manner reasonably
      practicable in the circumstances, notify and consult with the other parties
      hereto in advance as to the requirement to make such announcement press
      conference or other communication. 

     

    
      	
              9.2

            	
              The
                Vendor understands and acknowledges that the Purchaser has entered
                into
                share purchase agreements with the remaining minority Shareholders
                of the
                Company, namely, Gavin Campion, Stock and Stock Pty Ltd of Stock
                Family
                Trust No. 2, Truistic Pty Ltd of The Lee Investment Trust, Josie
                Brown,
                Mike Bollen of The Bollen Family Trust and Creative Pty Ltd of Cummins
                Family Trust and undertakes to hold in strict confidence and not
                disclose
                to any third party, except for the remaining minority Shareholders
                of the
                Company, the terms and conditions of this Agreement. 

            

    

    

    
      	10.	
              FURTHER
                ASSURANCE

            

    

     

    Each
      party shall, from time to time 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
      satisfactory to the other party as the other party may reasonably consider
      necessary for giving full effect to this Agreement and securing to the other
      party the full benefit of the rights, powers and remedies conferred upon the
      other party in this Agreement. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	11.	
              ASSIGNMENT 

            

    

    

    
      	11.1	
              Save
                as provided in Sub-clauses 11.2 a party may not assign, transfer,
                charge
                or deal in any other manner with this Agreement or any of its rights
                under
                it, nor purport to do any of the same, nor sub-contract any or all
                of its
                obligations under this Agreement without having obtained the prior
                written
                consent of the other party. 

            

    

    

    
      	11.2	
              The
                Purchaser shall be entitled to assign its rights under this Agreement
                to
                any member of the Purchaser's Group provided that:
                

            

    

    

    
      	
            	(a)	
              the
                Purchaser shall procure that any company to whom it assigns any of
                its
                rights under this Agreement shall assign such rights back to the
                Purchaser
                immediately prior to its ceasing to be a member of the Purchaser's
                Group;
                and 

            

    

    

    
      	
            	(b)	
              no
                such assignment shall relieve the Purchaser of any of its obligations
                under this Agreement. 

            

    

    

    
      	12.	
              ENTIRE
                AGREEMENT: REMEDIES 

            

    

    

    
      	
              12.1
                

            	
              The
                Purchaser acknowledges that, in agreeing to enter into this Agreement
                on
                the terms set out herein, it is not relying on any representation,
                warranty, promise, undertaking or other assurance except those expressly
                set out in this Agreement. 

            

    

    

    
      	
              12.2

            	
              The
                Purchaser and Vendor mutually acknowledge that this Agreement and
                the
                Escrow Deed represent the entire agreement between the Purchaser
                and
                Vendor. This Agreement and the Escrow Deed shall supersede and render
                null
                and void any past agreements into which the Purchaser and Vendor
                may have
                entered as well as any past agreements relating to the Company into
                which
                the Vendor may have entered with any of the other Shareholders of
                the
                Company, including, but not limited
                to:

            

    

    

    
      	
            	(a)	
              the
                Share Purchase Agreement dated October 28th,
                2005 (the “Factory 212 Agreement”) whereby the Purchaser purchased 51% of
                Factory 212;

            

    

    

    
      	
            	(b)	
              The
                Business Sale and Purchase Agreement executed in December 2006 by
                Sputnick
                Agency Ptd Ltd, Factory 212 Pty Ltd, the Purchaser, Truistic Pty
                Ltd,
                Michael Bollen, Gavin Campion and Josie Brown;
                and

            

    

    

    
      	
            	(c)	
              the
                Shareholders Agreement executed in December 2006 by Vendor and the
                other
                Shareholders of the Company.

            

    

     

    
      	
              12.3
                

            	
              Without
                prejudice to Clause 12.1, save as set out in this Agreement or the
                Escrow Deed, no representation or warranties or other assurances
                are given
                by the Vendor or any of the Vendor's respective advisers in respect
                of the
                Company, the Business or any information supplied to the Purchaser
                in the
                course of negotiations and the Purchaser acknowledges that it has
                not
                relied on any representations or warranties or information contained
                in
                any other written or oral information supplied by or on behalf of
                the
                Vendor or the Vendor's respective advisers or made or supplied in
                connection with the negotiations of the sale and purchase under this
                Agreement. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	13.	
              WAIVER
                AND VARIATION 

            

    

    

    
      	13.1	
              No
                waiver by omission, delay or partial exercise

            

    

     

    No
      omission by either party to exercise or delay in exercising any right, power
      or
      remedy provided by law or under this Agreement shall constitute a waiver of
      such
      right, power or remedy or any other right, power or remedy or impair such right,
      power or remedy. No single or partial exercise of any such right, power or
      remedy shall preclude or impair any other or further exercise thereof or the
      exercise of any other right, power or remedy provided by law or under this
      Agreement. 

     

    
      	13.2	
              Variations
                to be in writing 

            

    

     

    No
      variation to this Agreement shall be of any effect unless it is agreed in
      writing and signed by or on behalf of each party. 

     

    
      	13.3	
              Time
                of the essence 

            

    

     

    Notwithstanding
      any other provisions and particularly sub-Clause 13.1 above, time shall be
      of the essence of this Agreement both as regards dates, times and periods
      mentioned and as regards any dates, times and periods that may be substituted
      for them in accordance with this Agreement or by agreement in writing between
      the parties. 

     

    
      	14.	
              COSTS
                AND EXPENSES 

            

    

    

    
      	14.1	
              Payment
                of costs 

            

    

     

    Save
      as
      otherwise stated in this Agreement, each party shall pay its own costs and
      expenses in relation to the negotiation, preparation, execution and carrying
      into effect of this Agreement and other agreements forming part of the
      transaction of the sale and purchase hereunder. 

     

    
      	
              14.2
                

            	
              For
                the avoidance of doubt, the Purchaser shall be responsible for any
                stamp
                duty payable in connection with the transfer of the Sale Shares.
                

            

    

    

    
      	15.	
              NOTICES 

            

    

    

    
      	15.1	
              Form
                of notices 

            

    

     

    Any
      communication to be given in connection with the matters contemplated by this
      Agreement shall, except where expressly provided otherwise, be in writing and
      shall either be delivered by hand or sent by first class pre-paid post or
      facsimile transmission. Delivery by courier shall be regarded as delivery by
      hand. 

     

    
      	15.2	
              Address
                and facsimile 

            

    

     

    Such
      communication shall be sent to the address of the relevant party referred to
      in
      this Agreement or the facsimile number set out below or to such other address
      or
      facsimile number as may be communicated to the other party in accordance with
      this clause. Each communication shall be marked for the attention of the
      relevant person. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Vendor:
      

     

    Tim
      Homewood, 37 Blackwood Street, Yarraville, VIC Australia 3013

     

    With
      Copy
      to:

     

    Purchaser:
      Kaleil Isaza Tuzman, Chairman & CEO

     

    With
      Copy
      to: Robin Smyth, Chief Financial Officer

     

    
      	15.3	
              Deemed
                time of service 

            

    

     

    A
      communication shall be deemed to have been served: 

     

    
      	 	
              (a)
                

            	
              if
                delivered by hand at the address referred to in Clause 15.2, at the
                time of delivery; 

            

    

    

    
      	 	
              (b)

            	
              if
                sent by first class pre-paid post to the address referred to in
                Clause 15.2, at the expiration of two clear days after the time of
                posting; and 

            

    

    

    
      	 	
              (c)
                

            	
              if
                sent by facsimile to the number referred to in Clause 15.2, at the
                time of completion of transmission by the sender.
                

            

    

     

    If
      a
      communication would otherwise be deemed to have been delivered outside normal
      business hours (being 9:30 a.m. to 5:30 p.m. on a Business Day) in the
      time zone of the territory of the recipient under the preceding provisions
      of
      this sub-clause, it shall be deemed to have been delivered at the next opening
      of business in the territory of the recipient. 

     

    
      	15.4	
              Proof
                of service 

            

    

     

    In
      proving service of the communication, it shall be sufficient to show that
      delivery by hand was made or that the envelope containing the communication
      was
      properly addressed and posted as a first class pre-paid letter or that the
      facsimile was despatched and a confirmatory transmission report received.

     

    
      	15.5	
              Change
                of details 

            

    

     

    A
      party
      may notify the other party or parties to this agreement of a change to its
      name,
      relevant person, address or facsimile number for the purposes of
      Clause 15.1 PROVIDED THAT such notification shall only be effective on:

     

    
      	
            	(a)	
              the
                date specified in the notification as the date on which the change
                is to
                take place; or 

            

    

    

    
      	
            	(b)	
              if
                no date is specified or the date specified is less than five clear
                Business Days after the date on which notice is deemed to have been
                served, the date falling five clear Business Days after notice of
                any such
                change is deemed to have been given.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	16.	
              COUNTERPARTS

            

    

    

    
      	16.1	
              Execution
                in counterparts 

            

    

     

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

     

    
      	16.2	
              One
                agreement 

            

    

     

    Each
      counterpart shall constitute an original of this Agreement but all the
      counterparts shall together constitute one and the same Agreement. 

     

    
      	17.	
              INVALIDITY 

            

    

    

    
      	
               

            	
              Each
                of the provisions of this Agreement is severable. If any such provision
                is
                or becomes illegal, invalid or unenforceable in any respect under
                the law
                of any jurisdiction, the legality, validity or enforceability in
                that
                jurisdiction of the remaining provisions of this Agreement shall
                not in
                any way be affected or impaired thereby.

            

    

    

    
      	18.	
              AGREEMENT
                TO CONTINUE IN FULL FORCE AND EFFECT 

            

    

    

    
      	
               

            	
              This
                Agreement shall, to the extent that it remains to be performed, continue
                in full force and effect notwithstanding Completion.
                

            

    

    

    
      	19.	
              THIRD
                PARTY RIGHTS 

            

    

    

    
      	 	
              Nothing
                in this Agreement is intended to confer on any person not a party
                to this
                agreement any right to enforce any term of this agreement.
                

            

    

    

    
      	20.	
              GOVERNING
                LAW AND JURISDICTION 

            

    

    

    
      	20.1	
              This
                agreement shall be governed in accordance with the laws of State
                of
                Victoria, Australia.

            

    

    

    
      	20.2	
              The
                parties will attempt in good faith to negotiate a settlement to any
                claim
                or dispute between them arising out of or in connection with this
                Agreement 

            

    

    

    
      	
              20.3
                

            	
              The
                parties hereby submit to the exclusive jurisdiction of the courts
                of the
                State of Victoria, Australia to settle any dispute which may arise
                and or
                in connection with this Agreement. 

            

    

    

    This
      Agreement thus signed and agreed upon the 30th
      of April
      2008,

    

      
        	
                By:
                  Vendor

              	 	
                By:
                  ROO Group, Inc.

              
	
                 

                __________________________

              	
              	
                 

                _______________________________

              
	
                 

                _______________________

              	 	
                 

                Kaleil
                  Isaza Tuzman, Chairman &
CEO

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE 1

     

    THE
      WARRANTIES 

     

    The
      Warranties set out below are subject to all matters Disclosed. 

     

    
      	1.	
              Capacity

            

    

     

    The
      Vendor has the requisite power and authority to enter into and perform its
      obligations under this Agreement. 

     

    
      	2.	
              Valid
                Obligations

            

    

     

    This
      Agreement constitutes valid and binding obligations of the Vendor. 

     

    
      	3.	
              Ownership
                of the Sale Shares 

            

    

    

    
      	
              3.1

            	
              The
                Sale Shares constitute the issued shares held by the Vendor in the
                capital
                of the Company. 

            

    

    

    
      	
              3.2

            	
              There
                is no option, right of pre-emption or right to acquire, mortgage,
                charge,
                pledge, lien or other form of security or encumbrance on, over or
                affecting any of the Sale Shares nor is there any commitment to give
                or
                create any of the foregoing. 

            

    

    

    
      	
              3.3

            	
              The
                Vendor is exclusively entitled to the benefit of, and to enjoy all
                rights
                attaching to, the Sale Shares and is entitled to transfer the full
                legal
                and beneficial ownership in the Sale Shares to the Purchaser on the
                terms
                set out in this Agreement. 

            

    

    

    
      	
              3.4

            	
              There
                is no dispute concerning the title of the Vendor to the Sale Shares
                or its
                ability to sell the same and no other person has claimed to have
                title to
                the same or to be entitled to any interest therein. The Vendor is
                not
                engaged in any litigation, arbitration or other proceedings in any
                way
                relating to its title to the Sale Shares, and the Company has not
                received
                any application for the rectification of its register of members.
                To the
                best of the knowledge, information and belief of the Vendor, there
                are no
                circumstances likely to give rise to any of the matters referred
                to in
                this paragraph. 

            

    

    

    
      	4.	
              Liabilities
                owing to or by Vendor

            

    

     

    There
      is
      not outstanding any indebtedness or other liability (actual or contingent)
      owing
      by the Company to the Vendor, nor is there any indebtedness owing to the Company
      by the Vendor. 

     

    
      	5.	
              Consequence
                of share acquisition by the Purchaser 

            

    

    

    
      	
              5.1 

            	
              To
                the best of the knowledge, information and belief of the Vendor,
                the sale
                of the Sale Shares by the Vendor will not:

            

    

    

    
      	
            	(a)	
              cause
                the Company to lose the benefit of any material license, consent,
                permit,
                approval or authorization (public or private) or any right or privilege
                it
                presently enjoys or relieve any person of any obligation to the Company
                (whether contractual or otherwise) or enable any person to determine
                any
                such obligation or any material contractual right or benefit now
                enjoyed
                by the Company or to exercise any right whether under an agreement
                with
                the Company or otherwise; 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	(b)	
              result
                in a breach of, or constitute a default under any order, judgement
                or
                decree of Authority by which the Company is bound or subject; and
                

            

    

    

    
      	
            	(c)	
              result
                in a breach of, or constitute a default under the terms, conditions
                or
                provisions of any material agreement, understanding, arrangement
                or
                instrument (including, but not limited to, any of the Company's contracts)
                

            

    

    

    5.2  The
      Vendor has not been informed or is otherwise aware that any person who now
      has
      business dealings with the Company would or might cease to do so from and after
      sale of the Sale Shares. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE 2
      

     

    COMPLETION
      

     

    Vendor's
      Obligations 

     

    On
      Completion, the Vendor shall deliver to the Purchaser transfer of the Sale
      Shares duly executed in favour of the Purchaser or its nominee(s) together
      with
      the relevant share certificates (or an express indemnity in the case of any
      found to be missing). 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE 3 

    

    LIMITATIONS
      ON LIABILITY 

     

    1.    Limitation
      on Quantum and General 

     

    1.1 The
      total
      aggregate liability of the Vendor for any liability under this Agreement in
      respect of the Warranties and/or claims in respect of Tax shall be equal to
      the
      amount of US$57,343.00, representing 25% of the Total Consideration.

     

    1.2 The
      Vendor shall only be liable for damages, whether in respect of a Claim arising
      out of or caused by matters existing on or before the Completion Date and
      relating to the period prior to the Completion Date. 

     

    1.3 Each
      provision of this Schedule shall be read and construed without prejudice to
      each
      of the other provisions of this Schedule. 

     

    2.    Time
      Limits For Bringing Claims 

     

    2.1 Subject
      to paragraph 5 no Claim shall be brought against the Vendor unless the
      Purchaser shall give to the Vendor written notice of such claim specifying
      such
      reasonable details as are available to the Purchaser (the "Claim Notice") on
      or
      before the date falling 12 months after the date of this
      Agreement.

     

    3.    Conduct
      of Litigation 

     

    
      	
              3.1

            	
              Upon
                the Purchaser becoming aware of any assessment, claim, action or
                demand
                against it or any other matter likely to give rise to any Claim (the
                "Third Party Claim"), the Purchaser shall:

            

    

    

    
      	 	
              (a)

            	
              as
                soon as practicable notify the Vendor by written notice as soon as
                it
                appears to the Purchaser that any Third Party Claim received may
                result in
                a Claim; 

            

    

    

    
      	 	
              (b)

            	
              subject
                to the Vendor indemnifying the Purchaser against any liability, cost,
                damage or expense which may be incurred in relation to the Third
                Party
                claim, at the request of the Vendor and in the Vendor's absolute
                discretion allow the Vendor to take the sole conduct of such actions
                as in
                the Vendor's reasonably held opinion but taking into account the
                legitimate business interest of the Purchaser the Vendor may deem
                appropriate in connection with the Third Party claim in the name
                of the
                Purchaser or any relevant company and in that connection the Purchaser
                shall give or cause to be given to the Vendor (provided it does not
                cause
                undue interference to the conduct of the Business) all such assistance
                as
                the Vendor may reasonably require in avoiding, disputing, resisting,
                settling, compromising, defending or appealing any Third Party Claim
                and
                shall instruct such legal or other professional advisors as the Vendor
                may
                nominate to act on behalf of the Purchaser or any relevant company,
                as
                appropriate, to act in accordance with the Vendor's instruction;
                and
                

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (c)
                

            	
              make
                no admission of liability, agreement, settlement or compromise with
                any
                third party in relation to any Third Party claim or adjudication
                without
                the prior written consent of the Vendor; (not to be unreasonably
                withheld
                or delayed). 

            

    

    

    
      	3.2	
              In
                connection with any such Third Party claim, the Vendor shall:
                

            

    

    

    
      	
            	(a)	
              at
                all times keep the Purchaser informed as to its intentions with regard
                to
                the Vendor's conduct and any material action the Vendor proposes
                to take
                in respect of the Third Party Claim in order to allow the Purchaser
                sufficient time to consider the matter and consult with the Vendor
                about
                the Third Party Claim, and the Vendor shall take reasonable account
                of any
                proposals made by the Purchaser in connection with the Third Party
                claim;
                and 

            

    

    

    
      	
            	(b)	
              make
                no admission of liability, agreement, settlement or compromise with
                any
                third party in relation to any Third Party Claim or adjudication
                without
                the prior written consent of the Purchaser (not to be unreasonably
                withheld or delayed). 

            

    

    

    
      	
              3.3

            	
              The
                Vendor shall be entitled at any stage and at its absolute discretion
                to
                settle the Third Party Claim. 

            

    

     

    4.    No
      Liability if Loss is Otherwise Compensated For 

     

    
      	
              4.1

            	
              To
                the extent that any payment is made by the Vendor to the Purchaser
                in
                respect of any Claim and the Company subsequently obtains a deduction
                for
                corporation tax purposes in respect of the whole or part of the matter
                to
                which such Claim relates then, to the extent that the payment originally
                made by the Vendor did not reflect the availability of such deduction,
                the
                Vendor shall be entitled to reimbursement from the Purchaser of the
                amount
                of corporation tax saved as a result of the whole or part of such
                payment
                being deductible for corporation tax purposes.

            

    

     

    5.    Recovery
      from Insurers and Other Third Parties 

     

    
      	
              5.1

            	
              If,
                in respect of any matter which would give rise to a Claim, the Purchaser
                or the Company is entitled to claim under any policy of insurance,
                then no
                such matter shall be the subject of a Claim unless and until the
                Purchaser
                or the Company shall have made a claim against the insurers and used
                all
                reasonable endeavours to pursue such claim and any Claim shall be
                reduced
                by the amount recovered under such policy provided that the time
                limit in
                paragraph 2 shall not expire until 18 months after the insurance
                claim has been settled or determined.

            

    

    

    
      	
              5.2

            	
              Where
                the Purchaser or the Company is at any time entitled to recover from
                some
                other person any sum in respect of any matter giving rise to a Claim
                the
                Purchaser shall, subject to the Vendor indemnifying the Purchaser
                or the
                relevant member of the Purchaser's Group against any cost, liability
                or
                expense in connection therewith, take all reasonable steps to enforce
                such
                recovery prior to taking action against the Vendor (other than to
                notify
                the Vendor of the Claim against the Vendor) and, in the event that
                the
                Purchaser or any member of the Purchaser's Group shall recover any
                amount
                from such other person, the amount of the Claim shall be reduced
                by the
                amount recovered provided that the Purchaser shall not be required
                to
                commence any legal proceedings or to take any action which would
                be
                materially prejudicial to the goodwill of the Business, provided
                that the
                time limit in paragraph 2 shall not expire until 18 months after
                the claim against such other person has been settled or determined.
                

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              5.3

            	
              If
                the Vendor pays at any time to the Purchaser an amount pursuant to
                a Claim
                and the Purchaser or the Company subsequently recovers from some
                other
                person any sum in respect of any matter giving rise to the Claim,
                the
                Purchaser, shall repay to the Vendor the lesser of (i) the amount
                paid by the Vendor to the Purchaser plus interest; or (ii) the sum
                including interest (if any) recovered from such other person.
                

            

    

     

    
      	
              5.4

            	
              For
                the avoidance of doubt, references in this Paragraph 5 to amounts
                recovered (and like expressions) are to the amounts so recovered
                net of
                the reasonable costs and expenses properly incurred in effecting
                such
                recovery. 

            

    

     

    6.    Acts
      of Purchaser 

     

    
      	
              6.1

            	
              No
                Claim shall lie against the Vendor to the extent that such claim
                is
                attributable to: 

            

    

    

    
      
        (a)
          any
          voluntary act, omission, transaction or arrangement carried out by the
          Purchaser
          or the Company on or after Completion which the Purchaser or the Company
          was
          aware or ought reasonably to have been aware would give rise to or increase
          the
          amount of a Claim; or 

      

    

    

    (b) any
      admission of liability made in breach of the provisions of this Schedule after
      the date of this Agreement by the Purchaser or the Company or on its behalf.
      

     

    
      	
              6.2

            	
              No
                Claim shall lie against the Vendor to the extent that such Claim
                is
                attributable to any reorganization or change in ownership of the
                Company
                or its parent or of any assets of the Company after Completion or
                change
                in any accounting basis for valuing the Company's assets or any accounting
                basis, method, policy or practice which is different from that adopted
                or
                used in the preparation of the Audited Accounts.
                

            

    

     

    7.    Retrospective
      Legislation 

     

    The
      Vendor shall not be liable for a breach of any Warranty or pursuant to or
      arising under or in connection with this Agreement to the extent that liability
      for such breach or under such indemnification occurs or is increased directly
      or
      indirectly as a result of any legislation not in force on or prior to the date
      of this Agreement or as a result of the withdrawal of any extra-statutory
      concession or other agreement or arrangement currently granted by or made with
      any governmental authority or Tax Authority or as a result of any change after
      the date of this Agreement of any generally accepted interpretation or
      application of any legislation or in the enforcement policy or practice of
      the
      relevant authorities or as a result of the withdrawal of any extra-statutory
      concession or any other formal agreement or arrangements with any Tax Authority
      (whether or not having the force of law) currently granted by or made with
      any
      Tax Authority. 

     

    8.    Rescission
      

     

    Other
      than in circumstances of fraud, the Purchaser shall not be entitled to rescind
      or repudiate this Agreement (whether in respect of a breach of Warranties or
      otherwise).SHARE
      PURCHASE AGREEMENT

     

    For
      the Acquisition of Shares

     

    of

     

    KAMERA
      CONTENT AB

    
      

    

     

    Between

     

    KIT
      DIGITAL, INC. 

     

    and

     

    MAJORITY
      SHAREHOLDERS
      OF KAMERA CONTENT AB

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    CONTENTS
      

     

    
      	
              CLAUSE

            	
               

            	
              Page

            
	
              1.
                DEFINITIONS AND INTERPRETATION

            	
               

            	
              3

            
	
              2.
                SALE AND PURCHASE

            	
               

            	
              7

            
	
              3.
                CONSIDERATION

            	
               

            	
              7

            
	
              4.
                COMPLETION

            	
               

            	
              12

            
	
              5.
                WARRANTIES

            	
               

            	
              16

            
	
              6.
                LIMITATION OF VENDORS’
                LIABILITY

            	
               

            	
              16

            
	
              7.
                PROTECTION OF GOODWILL AND TRADE SECRETS

            	
               

            	
              16

            
	
              8.
                OBLIGATIONS OF THE PURCHASER

            	
               

            	
              18

            
	
              9.
                EMPLOYMENT MATTERS

            	
               

            	
              18

            
	
              10.
                DEBT AND GUARANTEES

            	
               

            	
              18

            
	
              11.
                ANNOUNCEMENTS

            	
               

            	
              19

            
	
              12.
                FURTHER ASSURANCE

            	
               

            	
              19

            
	
              13.
                ASSIGNMENT

            	
               

            	
              19

            
	
              14.
                ENTIRE AGREEMENT: REMEDIES

            	
               

            	
              20

            
	
              15.
                WAIVER AND VARIATION

            	
               

            	
              20

            
	
              16.
                COSTS AND EXPENSES

            	
               

            	
              20

            
	
              17.
                NOTICES

            	
               

            	
              21

            
	
              18.
                COUNTERPARTS

            	
               

            	
              22

            
	
              19.
                INVALIDITY

            	
               

            	
              22

            
	
              20.
                AGREEMENT TO CONTINUE IN FULL FORCE AND EFFECT

            	
               

            	
              22

            
	
              21.
                THIRD PARTY RIGHTS

            	
               

            	
              22

            
	
              22.
                GOVERNING LAW AND JURISDICTION

            	
               

            	
              23

            

    

    

    
      	
              Schedules

            
	
              Schedule
                1: The Company

            
	
              Schedule
                2: The Properties

            
	
              Schedule
                3: Warranties

            
	
              Schedule
                4: Obligations of Company or Vendors’
                Group

            
	
              Schedule
                5: Completion

            
	
              Schedule
                6: Limitations on Liability

            
	
              Schedule
                7: Retained Employees

            
	
              Schedule
                8: Disclosure Letter

            
	
              Schedule
                9: Accession Agreement

            
	
              Schedule
                10: Existing Clients and Revenue per 1 April 2008

            
	
              Schedule
                11: Purchasers Due Diligence Reports

            

    

    

    Appendix
      A: Form Written Resignations of Directors

    Appendix
      B: Form Employment Agreements for Key Personnel

    Appendix
      C: Power of Attorney to Purchasers

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    THIS
      AGREEMENT
      is dated
May
      19,
      2008

     

    PARTIES
      

     

    
      	
              (1)
                

            	
              The
                Majority Shareholders of the Company, being the persons
                listed in Schedule 1, Part B of this Agreement (hereinafter “Vendors”);
                and 

            

    

    

    

    
      	(2)	
              ROO
                GROUP, INC. D/B/A KIT
                DIGITAL,
                INC.,
                a
                Delaware USA corporation duly incorporated under the laws of Delaware,
                USA
                and having its principal place of business at 228 East 45th
                Street, New York, 10017 USA, or such other of its Affiliates from
                time to
                time as it may nominate pursuant to Clause 13.2 (the “Purchaser”).
                

            

    

    

    The
      Parties above are hereinafter jointly referred to as the “Parties”
or
      individually as a “Party”.

     

    BACKGROUND
      

     

    
      	
              (A)
                

            	
              The
                Vendors are the legal and beneficial owners of 71.12
                %
                of the issued share capital of Kamera
                Content AB, Swedish reg no 556666-2135, with current registered address
                at
                Drottninggatan 92-94, 111 36 Stockholm, Sweden
                (the “Company”),
                further details of which are set out in Schedule 1.
                

            

    

    

    
      	
              (B)
                

            	
              The
                Vendors have agreed to sell the Shares to the Purchaser and the Purchaser
                has agreed to purchase the Shares for the Purchase Price and upon
                and
                subject to the terms and conditions of this Agreement.
                

            

    

     

    IT
      IS AGREED AS FOLLOWS: 

     

    
      	1.	
              DEFINITIONS
                AND INTERPRETATION 

            

    

     

    
      	
              1.1
                

            	
              In
                this Agreement the following words and expressions have the meanings
                set
                opposite them (for avoidance of doubt, other words and expressions
                are
                defined directly elsewhere in this Agreement in quotation marks):
                

            

    

     

    Accounting
      Standards: means
      Swedish
      Generally Accepted Accounting Principles (GAAP) complemented by the accounting
      rules used by the Company; 

     

    Accounts
      Date: means
      31
      December 2007; 

     

    Accession
      Agreement:
      means
      the accession agreements to this Agreement, entered into by Minority
      Shareholders on or prior to Completion, and enclosed hereto as Schedule
      9;

     

    Adjusted
      Purchase Price: means
      the
      price
      paid
      for the Sale Shares less any adjustments to the Purchase Price made in
      accordance with Clause
      3.3;

     

    Affiliate: means
      in
      relation to any body corporate or its successors, any holding company or
      subsidiary of such body corporate or its successors, or any subsidiary of a
      holding company of such body corporate or its successors; 

     

    Agreed
      Form:
      means
      initialed by or on behalf of the Parties
      for the
      purposes of identification; 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Agreement: means
      this
      Agreement
      including the Schedules attached
      hereto;
      

     

    Accounts: means
      the
      balance sheet of the Company made up as at the Accounts Date and the profit
      and
      loss account of the Company in respect of the financial year ended on the
      Accounts Date including, in each case, the notes thereto and the directors'
      report and auditor's report; 

     

    Business: means
      the
      business of the Company as conducted at the date hereof
      i.e.
the
      development, operation and sale of content for mobile and online distribution;
      

     

    Business
      Day: means
      a
      day
      (other than a Saturday or Sunday) when banks are open for business in New
      York
      and in
      Stockholm;
      

     

    Claim: means
      any
      bona
      fide
claim
      by
      the Purchaser arising under the Warranties with the exception of any Claim
      in
      respect of Tax; 

     

    Claim
      in respect of Tax: means
      any
      claim
      under or in connection with or pursuant to the Tax Warranties; 

     

    Claim
      Notice: is
      defined
      in Schedule 6, Paragraph
      2.1;
      

     

    Companies
      Acts: means
      the
Swedish
      Companies Act (Sw. aktiebolagslagen);

     

    Completion: means
      that the conditions set out in clause 4.1 and
      the
      completions requirements set out in Part A, Schedule 5 have been met (the
“Completion
      Conditions”);
      

     

    Completion
      Date:
      means
the
      date
      of Completion;
      

     

    Confidential
      Information: is
      defined
      in Clause 7.1
      (d);

     

    Content
      Distribution Agreement (also referred to as “CDA”): means
      the
      agreement entered between Kamera and ROO Group Inc, dated 14 March 2008;

     

    Current
      Assets:
      means
the
      sum
      of the following items as per 18 May, 2008: cash and cash equivalents, accounts
      receivable, inventory, marketable securities, prepaid expenses, and any and
      all
      other assets that could be converted to cash in less than one year.

     

    Current
      Liabilities: means
      the
      sum of the following items as per 18 May, 2008: accounts payable,
      accrued
      expenses, income
      tax payable, short-term notes payable and portion of long-term debt payable
      this
      should include the specific debt items (including the CDA
      outstanding).

     

    Disclosed: means
      fairly
      disclosed by the Disclosure Documents and/or
      by the
      general disclosures and specific disclosures referred to in the Disclosure
      Letter and/or otherwise in this Agreement and "disclosure"
      or
      "disclosed"
      shall
      be construed accordingly; 

     

    Disclosure
      Documents: means
      the
      Disclosure Letter (including the documents annexed thereto) and the contents
      of
      the Purchaser’s Due Diligence Reports;

     

    Disclosure
      Letter: means
      the
      letter set
      out in
      Schedule 8;
      

     

    Employees: means
      the
      individuals who are employed by the Company, details of whom are given in or
      annexed to the Disclosure Letter; 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    Environment: means
      any
      air
      (including the air within buildings and the air within other natural or man-made
      structures whether above or below ground); water (including water under or
      within land or in drains or sewers and coastal and inland waters); and land
      (including land under water); 

     

    Environmental
      Law: means
      all
      Swedish
      laws
      at
      the date hereof which have as a purpose or effect the protection of the
      Environment including regulations, directives, codes of practice and guidance
      notes which are of mandatory effect imposed by any relevant authority so far
      as
      they relate to the Environment; 

     

    Existing
      Clients: means
      the
      Clients and the corresponding revenue (turnover) from each client/customer
      as
      set out in Schedule
      10;

     

    Hazardous
      Substances:
      means
      any material or substance which alone or in combination with others is capable
      of causing harm to man or any other living organism or the Environment.

     

    Health
      and Safety Laws:
      means
      all Swedish
      laws
      at
      the date hereof concerning the health and safety of those who work for the
      Company,
      visit
      the Properties or are in any way affected by the activities of the Company
      or by
      persons working for the Company; 

     

    Intellectual
      Property:
      means
Swedish
      patents,
      know-how, registered and unregistered trade marks and service marks (including
      any trade, brand or business names), domain names, registered designs, design
      rights, utility models, copyright (including all such rights in computer
      software), database rights and all rights under licenses
      and
      consents in relation to such things and all rights or forms of protection of
      a
      similar nature
      or
      having equivalent effect; 

     

    IT
      Contracts: means
      all
      contracts entered into by the Company for supply or maintenance of, or provision
      of services relating to, the IT System; 

     

    IT
      System: means
      material
      computer systems, communication systems, software, hardware and data owned,
      firmware, middleware, screens,
      terminals, peripherals, cabling and other material prepared electronic equipment
      used
      by
      or
      licensed to the Company; 

     

    Key
      Personnel: means Ola
      Scholander, Henrik Eklund and Dan Willstrand;
      

     

    KIT
      Shares: means
      common shares in ROO Group, Inc. or its successor by purchase, sale or
      merger;

     

    Listed
      Intellectual Property Agreements:
      means
      the agreements or arrangements relating (wholly or partly) to Intellectual
      Property, the details of which are set out in the Disclosure Letter;

     

    Majority
      Shareholders:
      means
      the persons listed in Schedule 1,
      Part B
      of this Agreement;

     

    Minority
      Shareholders: means
      the
      persons listed in Schedule
      1,
      Part C
      of this Agreement;

     

    Properties:
      means
      the
      properties of which short particulars
      are set
      out in Schedule
      2
      and the property leases in the Subsidiaries; 

     

    Purchase
      Price: means
      the
      sum
      specified in Clause
      3.1;

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    Purchaser’s
      Due Diligence Reports:
      means
      the report prepared by the Purchaser and attached hereto as Schedule
11;

     

    Purchaser's
      Group: means
      the
      Purchaser, its subsidiaries, Affiliates and successors;

     

    Purchaser's
      Lawyers: means
      Motei
      & Associates of P.O. Box 112888, Dubai, United Arab Emirates and Hellström
      Advokatbyrå KB of P.O. Box 7305, 103 90 Stockholm Sweden; 

     

    Purchaser’s
      Mobile Business: means
      the
      combination of the Company’s and the Purchaser’s net revenue that relate to
      mobile operators including, but not limited to, the ingestion of content, the
      transcoding and encoding of content and the distribution of content
      in the
      mobile operator context;  

     

    Restricted
      Businesses: as
      defined in Clause 7.1(a);
      

     

    Sale
      Shares: means
      the
      actual number of issued ordinary Shares acquired by the Purchaser at
      Completion;

     

    Shares: means
      100
      % of
      the
      issued ordinary shares, being 2,267,000 of SEK 0.10 each in the capital of
      the
      Company; 

     

    Shareholder:
      means
      a
      holder of all
      or
      part of the Shares
      in
      the Company.;

     

    Signing
      Date: means
      the
      date
      when all Parties have signed this Agreement.

     

    Source
      Code: means
      the
      source code for the core software components in the Kamera One production
      platform and all ancillary and derivative rights associated
      therewith;

     

    Tax
      Act:
      means
      the Swedish Income Tax Act (Sw. inkomstskattelagen);
      

     

    Taxation
      or Tax:
      means
      any applicable tax; 

     

    Tax
      Warranties: means
      the
      warranties set out in Paragraphs
      34-37 of
      Schedule 3; 

     

    Taxation
      Authority: means
      the
      Swedish Tax Agency (Sw. Skatteverket)
      and any
      other Swedish
      governmental
      or other person whatsoever competent to enforce or collect any Taxation whether
      in Sweden or elsewhere; 

     

    Third
      Party Claim: is
      defined
      in Schedule
      6;
      Paragraph 3.1; 

     

    VAT: means
      value
      added tax; 

     

    Vendors’ Group:
      means
      the Vendors and their Affiliates; 

     

    Vendors’
      Group Obligations: means
      as
      set out in Schedule 4, Part C;

     

    Vendors’
      Lawyers:
      means
      any lawyer of Wistrand
      Advokatbyrå, Box 7543, SE-103 93 Stockholm, Sweden;

     

    Warranties: means
      the
      Warranties
      set out
      in Schedule 3; 

     

    Working
      Capital: means
      the
      Current Assets less the Current Liabilities of the Company determined in
      accordance with the Accounting Standards; 

     

    "In
      the agreed terms" or "in the agreed form": means
      in
      the
      form agreed between the Parties
      and
      signed for the purposes of identification by or on behalf of each Party.
      

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	
              1.2
                

            	
              The
                table of contents and headings in this Agreement are inserted for
                convenience only and shall not affect its construction.
                

            

    

    

    
      	
              1.3
                

            	
              Unless
                the context otherwise requires words denoting the singular shall
                include
                the plural and vice versa, references to any gender shall include
                all
                other genders and references to persons shall include bodies corporate,
                unincorporated associations and partnerships in each case whether
                or not
                having a separate legal personality.

            

    

    

    
      	
              1.4
                

            	
              References
                to recitals, schedules and clauses are to recitals and schedules
                to and
                clauses of this Agreement unless otherwise specified and references
                within
                a schedule to paragraphs are to paragraphs of that schedule unless
                otherwise specified. 

            

    

    

    
      	
              1.5
                

            	
              References
                in this Agreement to any statute, statutory provision, or treaty
                include a
                reference to that statute, statutory provision, or treaty as operative
                only at the date of this Agreement and include any order, regulation,
                instrument or other subordinate legislation made under the relevant
                statute, statutory provision, or treaty.

            

    

    

    
      	
              1.6
                

            	
              Any
                reference to “writing”
                or
                “written”
                includes
                faxes and any non-transitory form of visible reproduction of words,
                excluding e-mails. 

            

    

    

    
      	2.	
              SALE
                AND PURCHASE 

            

    

    

    
      	2.1	
              Conditions
                Precedent 

            

    

    

    This
      Agreement shall be conditional upon the execution of this Agreement by not
      less
      than 91% of the Shareholders of the Company, consisting of the Majority
      Shareholders
      and the
      first 3 Minority Sellers
      listed
      in Schedule 1, Part B
      and
      C.

    

    
      	2.2	
              Obligation
                to sell and purchase 

            

    

    

    Subject
      to the terms of this Agreement, the Vendors as legal and beneficial owners
      shall
      sell and the Purchaser shall purchase the Sale Shares free from all charges,
      liens, encumbrances, equities and claims whatsoever and together with all rights
      attached
      to them
      at the date of this Agreement. 

    

    
      	3.	
              CONSIDERATION 

            

    

    

    
      	
              3.1
                

            	
              The
                Purchase Price for the Shares shall
                be:

            

    

    

    
      	 	
              (a)

            	
              The
                sum of United States Dollars Four Million Five Hundred Thousand
                (US$
                4,500,000.00)
                payable at Completion (for the avoidance of doubt adjustments shall
                be
                made according to Clause 3.3 (a-b), i. e., the US$ 300,000.00 CDA
                deduction plus accrued interest, cf. Schedule 4, Part C, is to be
                deducted
                according to Clause 3.3 (c) and the Deposit is to be deducted, making
                the
                net amount US$ 3,700,000.00) (the “Cash
                Consideration”)
                ;
                and 

            

    

    

    
      	 	
              (b)

            	
              KIT
                Shares issued on the following basis (the “Stock
                Consideration”): 

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    
      	
            	(i)	
              US$
                1,500,000
                equivalent in KIT Shares, number determined based on the ten (10)
                day
                trailing weighted average market trading price six (6) months from
                Completion, issued six (6) months from
                Completion;

            

    

    

    
      	
            	(ii)	
              US$
                1,500,000
                equivalent in KIT Shares, number determined based on the twenty (20)
                day
                trailing weighted average market trading price thirteen (13) months
                from
                Completion, issued thirteen (13) months from Completion;
                and

            

    

    

    
      	
            	(iii)	
              Subject
                to Clause
                3.2, US$ 3,000,000
                equivalent in KIT
                Shares, number determined based on the twenty (20) day trailing weighted
                average market trading price twenty-one (21) months from Completion,
                issued twenty-one (21) months from
                Completion.

            

    

    

    
      	 	
              (c)

            	
              Notwithstanding
                Clause
                3.1(b), the Purchaser
                shall have the right in its sole discretion to substitute
                payment
                in cash as an alternative to the issuance of the KIT
                Shares.

            

    

    

    
      	 	
              (d)

            	
              If
                the KIT Shares cease to be listed on a recognized stock exchange
                (for
                avoidance of doubt, the NASDAQ OTC market shall constitute a recognized
                stock exchange), all payments under (i) – (iii) still outstanding at
                such time shall be paid in cash instead of in KIT Shares.
                

            

    

     

    The
      Adjusted Purchase Price shall be allocated between the Vendors as set out in
      Schedule 1. 

    

    
      	
              3.2
                

            	
              The
                issuance of KIT Shares under Clause 3.1(b)(iii)
                is subject to meeting certain criteria as described as
                follows:

            

    

    

    
      	 	
              (a)
                

            	
              The
                Parties have determined
                that the employees staff listed in Schedule
                7 shall
                be
                retained in the continuing operation at least to following extent;
                a
                minimum 75% of the employees in question shall be retained during
                12
                months from the Completion Date and a minimum of 65% of these employees
                be
                retained during 21 months from Completion. The
                Key Personnel will be retained in the employment of the Company for
                a
                period of 21 months from Completion. Any
                termination by the Company of the employment of a Key Personnel shall
                not
                mean that this criteria has not been met, unless the termination
                qualifies
                as a termination based on personal reasons according to the Swedish
                Employment Protection Act (Sw.
                personliga skäl enligt lagen om anställningsskydd);
                

            

    

     

    
      	 	
               (b)
                

            	
              Clients
                must be retained in any ongoing operations and 80% of Existing
                Clients
                as
                of 1 April 2008 must continue as clients
                through 31 March 2009 AND revenue from these clients must have grown
                during that 12 month
                period by more than 10%. However, if revenue growth is more than
                10% from
                Existing
                Clients as
                of 1
                April 2008 in the 12 months ending
                31
                March 2009 a correspondingly (number of percentage units by which
                revenue
                growth exceeds 10%) lower percentage of client retention is acceptable
                provided that the client retention is not below 60%.
                The
                Parties
                agree that the goal of this Clause
                is
                to generate revenue growth from Existing
                Clients
                and to ensure against
                revenue concentration amongst a small number of clients. 

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (c)

            	
              Clients
                must be retained in any ongoing operations and 70% of Existing
                Clients
                as
                of 1 April 2009 must continue as clients through 31 December 2009
                AND
                revenue from these clients must have grown during that 9 month period
                by
                more than 8%. However, if revenue growth is more than 8% from Existing
                Clients
                as
                of 1 April 2009 in the 9 months ended 31 December 2009 a correspondingly
                (number of percentage units by which revenue growth exceeds 8%) lower
                percentage of client retention is acceptable provided that the client
                retention is not below 50%.The
                parties agree that the goal of this clause is to generate revenue
                growth
                from ongoing clients and to ensure against revenue concentration
                amongst a
                small number of clients.

            

    

     

     

    
      	
            	
              (d)
                

            	
              The
                revenue generated through the Purchaser’s Mobile
                Business during
                the 12 months period as from 1 June 2007 up to and including 31 May
                2008,
                which shall be determined prior to Completion, currently reported
                at SEK
                _______________ for the Company and SEK 0 for Purchaser,
                must be at least maintained in the period of twelve months as from
                1 June
                2008 up to and including 31 May 2009 and increased by 10% in the
                period of
                nine months as from 1 June 2009 up to and including 28 February
                2010.
                

            

    

     

    
      	3.3	
              Adjustments
                to Purchase Price 

            

    

    

    
      	
            	(a)	
              The
                Purchase Price shall be adjusted to reflect the actual number of
                Shares
                purchased by the Purchaser at Completion (the “Sale
                Shares”).

            

    

     

    
      	
            	(b)	
              The
                portion of the Purchase Price payable pursuant to Clause
                3.1(a) is subject to the Company’s Working Capital being neutral at 18 May
                2008. In the event of the Working Capital being above zero (-0-)
                on that
                date, the Purchaser will immediately compensate the Vendors
                in
                cash on a dollar for dollar basis, and in the event of the Working
                Capital
                being below zero (-0-) on that date, the Vendors
                will immediately compensate the Purchaser in cash on a dollar for
                dollar
                basis. Any deviations in the Working Capital will be agreed between
                the
                Parties based
                on the balance sheet as per 18 May 2008, to be prepared by the Purchaser.
                If the Parties
                have not agreed on the final Working Capital by the Completion Date,
                either Party
                may refer the settlement of the Working Capital as of Completion
                to a
                single arbitrator with PWC, paid for by the Parties
                jointly. The
                arbitrator will deliver the final amount of the Working Capital calculated
                in accordance with this Agreement, within one month from his appointment.
                The decision of the arbitrator shall be final and conclusive, and
                the
                Parties shall not be entitled to refer the decision to arbitration
                according to Clause 22 of this Agreement. The Parties shall use best
                efforts to establish the possible deviations in the Working Capital
                before
                Completion and such deviations shall in such case be deducted in
                cash or
                added in cash to the Purchase Price. Should the deviations not have
                been
                established before Completion, then payment of the deviation shall
                be made
                by the relevant Party in cash promptly after the deviation has been
                established.

            

    

     

    
      	
            	(c)	
              The
                portion
                of the Purchase Price payable pursuant to Clause
                3.1(a) will furthermore be reduced by any
                indebtedness of the Company at Completion
                in relation to: 

            

    

     

    
      	
            	(i)	
              Almi
                Loan as set out in Schedule 4, Part B;
                and

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      	
            	(ii)	
              Shareholder
                loans of the Company of which there are three (3) as set out in Schedule
                4, Part A, and

            

    

     

    
      	
            	(iii)	
              Vendors’
                Group Obligations as set out in Schedule 4, Part
                C.
                

            

    

     

    
      	 	
              Consequently,
                only item (iii) above shall hereby be deducted from the Cash Consideration
                payable to the Vendors’ Lawyer’s Client Account, whereas the items (i) and
                (ii) above (which are also payable to the Vendors’ Lawyer’s Client
                Account) are instead to be deducted from the Purchase Price.
                The amount of the indebtedness shall be determined as per 18 May
                2008
                finally at Completion based on the terms of the relevant
                agreements.
                Any dispute in relation to such final determination will be settled
                as set
                out in b) above. 

            

    

     

    
      	
            	(d)	
              During
                the period from Signing Date and until 21 months after Completion,
                the
                Purchaser
                shall, subject to the restrictions and responsibilities set out in
                4.7 (c)
                be entitled to manage the Company provided that any decisions or
                acts
                taken or made by the Purchaser which negatively impact the criteria
                set
                out in Clause
                3.2 shall
                not result in the adjustment of KIT Shares to be issued, provided
                that Key
                Personnel has advised the Purchaser in writing that the decisions
                or acts
                taken or made will negatively impact the criteria to be
                achieved.

            

    

     

    
      	
            	(e)	
              Any
                payment made by the Vendors
                in
                respect of a breach of this Agreement or arising under or pursuant
                to this
                Agreement shall be and shall be deemed to be pro tanto a reduction
                in the
                Purchase Price paid for the Shares under this Agreement.
                

            

    

     

    
      	3.4	
              Payment

            

    

     

    
      	
            	(a)	
              Upon
                Completion the Purchaser shall make the total payment as defined
                in Clause
                3.1 (a) above (i.e. subject to Clause 3.3 but not including Clause
                3.1
                (b-d)). 

            

    

     

    
      	
            	(b)	
              The
                Purchaser’s obligation to pay the Cash Consideration shall be deemed to
                have been fulfilled on payment: (i) of the Escrow Amount (as defined
                under
                Clause 3.5 below) to the escrow agent; and (ii) of the Cash
                Consideration,
                less the Escrow Amount and other applicable adjustments elsewhere
                disclosed, to the Vendors' Lawyers' Client Account.
                

            

    

     

    
      	3.5	
              Escrow
                

            

    

     

    
      	
            	(a)	
              At
                Completion, the sum of SEK 900,000
                (the “Escrow
                Amount”)
                from the Adjusted Purchase Price shall be deposited by the Purchaser
                with
                an escrow agent, appointed by the Parties for the purpose of covering
                any
                costs associated with legal proceedings due to a request from (i)
                the
                Minority Shareholders that the Majority Shareholders purchase the
                Shares
                of the Minority Shareholders; or (ii) the Purchaser to buy-out the
                Shares
                of the Minority Shareholders. The Escrow Amount shall be held by
                the agent
                until the earlier of: 

            

    

     

    
      	
            	(i)	
              all
                Minority Shareholders have agreed to transfer the Shares to the Purchaser;
                or 

            

    

     

    
      	
            	(ii)	
              twelve
                (12) months after Completion; or

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      	
            	(iii)	
              all
                claims or actions related to the acquisition of the Shares of the
                Minority
                Shareholders have been finally resolved

            

    

     

    at
      which
      time the Escrow Amount, less any costs associated with the legal proceedings
      set
      forth in 3.5(a) (i)-(iii) above, shall be released to the Vendors.

     

    
      	3.6	
              Issuance
                of Stock Consideration

            

    

     

    
      	 	
              (a)

            	
              The
                KIT Shares shall be withheld (i) for purposes of indemnifying the
                Purchaser for any claims or breaches in respect of the Warranties
                set out
                in Schedule 3 for a period of 12 months after Completion; and (ii)
                against
                the obligation of the Company to achieve the criteria set out in
                Clause
                3.2. 

            

    

     

    
      	 	
              (b)

            	
              For
                the purpose of the Clause 3.6(a)
                above, the KIT Shares will be released as detailed below:
                

            

    

     

    
      	 	
              (i)
                

            	
              upon
                vesting of the KIT Shares as provided in Clause 3.1(b) (i) (the
                “First
                Vesting Date”),
                any
                claim or breach that occurs prior to the First Vesting Date shall
                first be
                deducted on a dollar-for-dollar basis wherein the value of the stock
                shall
                be based on the ten (10) day trailing weighted average market trading
                price six months from Completion, and the balance shall be released
                to the
                Vendors. 

            

    

     

    
      	 	
              (ii)
                

            	
              Upon
                vesting of the KIT Shares as provided in Clause 3.1(b)(ii)
                (the “Second
                Vesting Date”),
                any such claim or breach that occurs prior
                to the Second Vesting Date, not already recovered under the First
                Vesting
                Date, shall be first deducted on a dollar-for-dollar basis, wherein
                the
                value of the stock shall be based on the twenty (20) day trailing
                weighted
                average market trading price thirteen months from Completion and
                the
                balance shall be released to the Vendors.

            

    

    

    
      	 	
              (c)
                

            	
              For
                the failure of the Company to achieve the criteria of Clause 3.2,
                the KIT
                Shares shall be withheld as detailed below:

            

    

     

    
      	
            	(i)	
              failure
                to achieve the criteria in Clause 3.2(a) will be satisfied by the
                hold
                back of shares from Clause 3.1(b) (i) of a value of $500,000.
                

            

    

     

    
      	
            	(ii)	
              failure
                to achieve the criteria in Clause 3.2(b) will be satisfied by the
                hold
                back of shares from Clause 3.1(b) (ii) of a value of
                $666,667.

            

    

     

    
      	
            	(iii)	
              failure
                to achieve the criteria in Clause 3.2(c) will be satisfied by the
                hold
                back of shares from Clause 3.1(b) (iii) of a value of
                $666,667.

            

    

     

    
      	
            	(iv)	
              failure
                to achieve the criteria in Clause 3.2(d) will be satisfied by the
                hold
                back of shares from Clause 3.1(b) (iii) of a value of
                $666,667.

            

    

    

    
      	
              3.7

            	
              Failure
                of Purchaser to
                issue
                Stock Consideration subject
                to
                Clause
                3.1(d) 

            

    

     

    
      	 	
              In
                the event the Purchaser fails to issue the Stock Consideration due
                to the
                fact that the Purchaser has become insolvent or is unable to issue
                the
                Stock Consideration for any reason beyond its control, the Vendors
                shall
                have the option to buy back the Shares for the Purchase Price paid
                by the
                Purchaser, less payment of the obligations set out in Schedule
                4.

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
      	4.	
              COMPLETION 

            

    

    

    
      	4.1	
              Conditions
                to Completion

            

    

     

    
      	
            	(a)	
              The
                obligations of the Parties
                to
                complete the transactions contemplated by this Agreement is subject
                to:

            

    

     

    
      	
            	(i)	
              the
                Vendors use best effort to present to the Purchaser share certificates
                for
                all Sale Shares as of June 8, 2008 and at the latest on June 30,
                2008;

            

    

     

    
      	
            	(ii)	
              the
                Purchaser communicating to the Vendors that it has filed a Registration
                Statement with the U.S. Securities and Exchange Commission ("SEC")
                with
                SEC acceptance of Registration Statement, in connection with Purchaser’s
                announced financing. The Purchaser will use its reasonable best effort
                to
                gain SEC acceptance as of June 8, 2008 and at the latest on June
                30, 2008.
                For the avoidance of doubt, even if the SEC has not accepted the
                Registration Statement, the Purchaser may waive this condition to
                completion;

            

    

     

    In
      the
      event that the conditions precedent set out in this Clause 4.1(a) (i) has not
      been fulfilled the Purchaser
      shall be entitled,
      in
its
      sole
      discretion,
      to
      terminate this Agreement forthwith in writing, and the Vendors shall not be
      entitled
      to any compensation of any kind due to such declaration, and the Purchaser
      shall
      receive the payments as outlined in Clause 4.4 (g) below.

    

    In
      the
      event that the conditions precedent set out in this Clause 4.1(a) (ii) has
      not
      been fulfilled and not waived by the Purchaser, each Party shall be
      entitled,
      in
its
      sole
      discretion,
      to
      terminate this Agreement forthwith in writing. In
      the
      event that the conditions precedent set out in this Clause 4.1 (a) (ii) has
      not
      been fulfilled or waived by Purchaser, the Vendors will be entitled to the
      payments as outlined in Clause 4.4 (f) below.

     

    
      	4.2	
              Time
                and location 

            

    

     

    Completion
      shall take place at the offices of Wistrand
      Advokatbyrå
      within 3
      days of notification by either Party that all the conditions to completion
      set
      out
      in Clause
      4.1 and
      the completion requirements set out in Schedule 5, Part A have been met at
      such
      time as may be mutually agreed between the Parties. 

    

    
      	4.3	
              Vendors'
                obligations 

            

    

     

    At
      Completion
      the
Vendors
      shall
      deliver to the Purchaser each of the documents listed in Schedule
      5,
      Part
      A.

    

    
      	4.4	
              Purchaser's
                obligations and Vendors’ penalty

            

    

     

    
      	 	
              (a)
                

            	
              The
                Purchaser shall on the Completion Date make
                the payments in accordance with Clause 3.4,
                by
                way of irrevocable electronic transfer for same day value before
                14.00
                hours on the Completion Date.Vendors’ Lawyer’s
                Client Account;
                is to be held with Vendors’ Lawyer
                and has the following details: 

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	
              Bank:

            	
              Swedbank

            
	
              Account
                number:

            	
              8327-9
                904 899 488-4

            
	
              IBAN:

            	
              SE83
                8000 0832 7990 4899 4884

            
	
              Swift
                Code:

            	
              SWEDSESS

            
	
              Address:

            	
              Box
                70292, 107 32 Stockholm

            

    

     

    
      	 	
              (b)
                

            	
              For
                the avoidance of doubt, the payments under Clause 4.4 (a) shall include
                accrued interest set out as set out in Schedule 4.

            

    

    

    
      	 	
              (c)
                

            	
              The
                Purchaser shall restore the deficit in the shareholders equity by
                way of
                an unconditional shareholders’
contribution.

            

    

    

    
      	 	
              (d)
                

            	
              The
                Stock Consideration portion shall be payable in accordance with Clause
                3.6
                above.

            

    

    

    
      	
            	(e)	
              The
                Purchaser
                shall procure that all necessary steps are taken properly to effect
                the
                matters listed in
                Schedule
                5,
                Part B at
                shareholders’ meeting and board meetings of the Company and shall deliver
                to the Vendors duly signed minutes of all such shareholders’ and board
                meetings. 

            

    

    

    
      	
            	(f)	
              At
                the Signing Date, the Purchaser shall transfer the sum of US$500,000
                (the
                “Deposit”)
                to the Vendors’ Lawyer’s client account for the purpose of securing the
                Purchaser’s fulfillment of all requirements with regard to filing
                according to Clause 4.1 (a) (ii). Should the Purchaser fail to fulfill
                the
                requirements according to this Clause; (i) the Deposit, (ii) the
                Vendors’
                Group Obligations and (iii) any other amount provided by Purchaser
                to the
                Company between Signing Date and Completion shall be deemed to be
                vested
                in the Vendors pro-rata
                to their shareholding in the Company in accordance with Schedule
                1, Part B
                and C.

            

    

    

    
      	
            	(g)	
              Should
                the Vendors fail to fulfill the requirements according to Clause
                4.1 (a)
                (i), the Deposit shall immediately be repaid by the Vendors and the
                principal and accrued interest of the CDA, and any other amounts
                provided
                by Purchase to the Company for general working capital and expenses
                between Signing Date and Completion, shall be immediately repaid
                to the
                Purchaser by Company. 

            

    

    

    
      	
            	(h)	
              The
                Purchaser shall as from 19 May 2008 assume full responsibility to
                provide
                the Company with the funds required to conduct its business including
                without limitation, including the funds required to repay any accrued
                operating payables.

            

    

     

    
      	
              4.5
                

            	
              Upon
                satisfaction of the conditions set out in Clause
                4.1, the Purchaser shall disburse the amount specified in 3.4 (a)
                as
                follows:

            

    

     

    
      	
            	(a)	
              Payments
                on account of the Company’s obligations shall be paid directly to the
                third party creditors as set out in Schedule 4, Part A and Part B.
                Upon
                payment of the same, Vendors’ Lawyer shall provide proof to Purchaser and
                Vendors of the payment;

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      	
            	(b)	
              From
                the remaining funds, the balance of the Cash Consideration (after
                deducting the payments made in Clause 4.5(a) above) shall be disbursed
                to
                the Majority Shareholders and the Minority Shareholders who have
                signed
                the Accession Agreement pro-rata
                to their shareholding in the Company in accordance with Schedule
                1, Part B
                and C. 

            

    

     

    
      	4.6	
              Purchaser's
                right of access prior to Completion

            

    

     

    From
      the
      date of this Agreement the Purchaser and any persons authorized by it, upon
      its
      request, not to be unreasonably withheld by the
      Vendors,
      shall
      be allowed full access
      all the
      premises, books and records of the Company and the Vendors
      shall
      supply or procure the supply of any information reasonably required by the
      Purchaser
      relating to the Company and its affairs, provided always that any such
      information shall be treated with strict confidentiality by the Purchaser.
      

     

    
      	
              4.7
                

            	
              From
                Signing Date until Completion:

            

    

     

    
      
        
          	
                	(a)	
                  From
                    Signing Date until Completion
                    the Vendors shall procure that (save only as may be necessary
                    to give
                    effect to this Agreement) neither the Vendors
                    nor any member of the Vendors’ Group shall do, allow or procure any act or
                    omission before Completion which would constitute a breach of
                    any of the
                    Warranties if they were given at any and all times from the date
                    hereof
                    down to Completion or which would make any of the Warranties
                    inaccurate or
                    misleading if they were so given. In particular, the Vendors
                    shall procure that Schedule 3, Paragraph 13 insofar as it concerns
                    acts
                    taken by the Vendors shall be complied with at all times from
                    the date
                    hereof down to
                    Completion;

                

        

      

    

     

    
      
        
          	
                	(b)	
                  From
                    Signing
                    Date of this Agreement, the
                    Purchaser
                    shall be entitled to manage and have decisive influence over
                    the Company,
                    including, but not limited to servicing clients, paying
                    Vendors’ and other trade payables, collecting receivables, instituting
                    combined personnel reporting structures and accountability, setting
                    goals
                    and incentives and budgeting and financial processes provided
                    that any decisions or acts taken or made by the Purchaser which
                    negatively
                    impact the criteria set out in Clause
                    3.2 shall
                    not result in the adjustment of KIT Shares to be issued, and
                    provided that
                    Key Personnel have advised the Purchaser in writing that the
                    decisions or
                    acts taken or made will negatively impact the criteria to be
                    achieved. For
                    avoidance of doubt, all managerial decisions from the date of
                    signing of
                    this Agreement onwards must be made by the Purchaser or with
                    the prior
                    consent of the Purchaser.
                    Consequently, the board of directors shall adhere to the directions
                    given
                    by the Purchaser. However, the Purchaser shall always submit
                    to the
                    Company’s board of directors any decision which the Purchaser has reason
                    to believe may be in conflict with the Companies Act or the Company’s
                    Articles of Association and the Company’s board of directors will always
                    have the right to decide in such issues. The Purchaser shall
                    indemnify and
                    keep the Company’s board of directors harmless against any claims, cost or
                    damages etc. raised against any member of the board of directors
                    due to
                    actions or failure to act by the Purchaser when managing the
                    Company, or
                    by the board, acting on instructions from the Purchaser.
                    

                

        

      

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    
      	4.8	
              Failure
                to complete 

            

    

     

    If
      in any
      material respect the obligations of the Vendors or the Purchaser are not
      complied with on the date for Completion set by Clause
      4.2 the
Party
      not in
      default may: 

     

    
      	 	
              (a)
                

            	
              defer
                Completion to a date not more than 10 days after the date set by
                Clause
                4.2 (and
                so that the provisions of this Clause
                4.9, apart from this Clause
                4.8 (a),
                shall apply to Completion as so deferred); or

            

    

    

    
      	 	
              (b)
                

            	
              proceed
                to Completion so far as practicable (without prejudice to its rights
                hereunder); or 

            

    

    

    
      	 	
              (c)

            	
              rescind
                this Agreement, provided the Party
                not in default has given the other Party
                sufficient opportunity to remedy its
                breach.

            

    

    

    
      
        	4.9	
                Without
                  prejudice to Clause
                  4.7, the Vendors shall forthwith disclose in writing to the Purchaser
                  any
                  matter or thing which may arise and become known to the
                  Vendors
                  after the date hereof and before Completion which is inconsistent
                  with any
                  of the Warranties or which might make any of them inaccurate or
                  misleading
                  if they were given at any and all times from the date hereof down
                  to
                  Completion or which is a breach of Clause
                  4.7 or 4.8 or which is material to be known to the
                  Purchaser
                  for value of the Shares. 

              

      

    

    

    
      	4.10	
              Subject
                to Clause
                4.11 if, at any time prior to or at Completion, the Purchaser becomes
                aware (whether or not as a result of any disclosure by the Vendors
                under
                Clause
                4.8 of any matter or circumstance which constitutes a material breach
                of
                any of the Warranties or a material breach of any undertaking given
                herein
                and if such matter or circumstance is reasonably likely to have a
                material
                adverse effect the Purchaser shall be entitled to terminate this
                Agreement
                by written notice ("Notice")
                to the Vendors
                (such Notice to specify that it constitutes Notice pursuant to this
                Clause
                and giving such reasonable particulars as are available to the Purchaser
                of the matter or circumstance giving rise to service of such Notice);
                and
                for the purposes of this Clause,
                a
                matter or circumstance shall be considered to be reasonably likely
                to have
                a material adverse effect if as a result of such
                matter or circumstance it is reasonably anticipated that the aggregate
                turnover or profits of the Company will be at least 20 (twenty) per
                cent
                lower for the current calendar year than would otherwise have been
                the
                case had that matter or circumstance not existed
                or occurred. 

            

    

     

    
      	
              4.11
                

            	
              Clause
                4.10 shall not apply to such matter or circumstance referred to in
                4.10
                which
                results from:

            

    

     

    
      	
            	(a)	
              matters
                Disclosed in the Disclosure Letter;

            

    

    

    
      	 	
              (b)

            	
              changes
                after the date of this Agreement in stock markets, interest rates,
                exchange rates, commodity prices or other general economic conditions;
                

            

    

    

    
      	 	
              (c)
                

            	
              general
                changes in the political climate which shall include for the avoidance
                of
                doubt, war and acts of terrorism; 

            

    

    

    
      	 	
              (d)

            	
              changes
                after the date of this Agreement in the Law or accounting practices;
                or
                

            

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (e)

            	
              an
                event occurring after the date of this Agreement which is caused
                by the
                change of control resulting from this transaction. 

            

    

     

    
      	5.	
              WARRANTIES 

            

    

    

    
      	
              5.1
                

            	
              The
                Vendors
                warrant to the Purchaser that the
                Warranties as set forth in Schedule 3
                is true and accurate and Vendors
                acknowledge that the Purchaser is entering into the Agreement in
                reliance
                upon each
                of the Warranties each of which is given as of the date of this
                Agreement. 

            

    

    

    
      	
              5.2
                

            	
              The
                Warranties and any other representation,
                or
                undertaking contained herein are given subject to any circumstances
                Disclosed or qualifications or reservations stated in the Disclosure
                Letter
                or
                expressly provided for under this Agreement.

            

    

    

    
      	
              5.3 

            	
              Where
                any of the Warranties is made or given so far as the Vendors
                are aware or to the best of the Vendors
                knowledge, information and belief or any similar expression, such
                Warranty
                shall be deemed to have
                been
                made on the basis of actual knowledge or constructive knowledge after
                due
                and thorough
                inquiry concerning such matter by a prudent and diligent
                person.

            

    

     

    
      	6.	
              LIMITATION
                OF VENDORS’
                LIABILITY 

            

    

    

    
      	6.1	
              No
                liability shall accrue hereunder under the Warranties in relation
                to
                matters Disclosed. 

            

    

    

    
      	
              6.2
                

            	
              The
                liability of the Vendors
                hereunder shall be limited to direct damages and as further provided
                in
                Schedule 6. 

            

    

     

    
      	7.	
              PROTECTION
                OF GOODWILL AND TRADE SECRETS 

            

    

    

    
      	
              7.1
                

            	
              Save
                as specifically provided herein, the Vendors
                undertakes
                that it shall not
                do
                any of what is stated in subsection d) – f) below and H2O Education
                AB, NewCo
                2092 Sweden AB, NewCo 2084 Sweden AB undertake and the Company shall
                procure that the Key Personnel undertake (by way of execution of
                the
                Employment Agreements) that
                they shall not
                do
                any of the following: 

            

    

    

    
      	 	
              (a)

            	
              for
                a period of two years from Completion, be engaged or (save as the
                holder
                of the shares or debentures in a listed company which confer not
                more than
                10 per cent of the votes which could normally be cast at a general
                meeting
                of that company) be directly or indirectly concerned in carrying
                on a business which has as a main area of activity video content
                delivery
                for mobile operators, video transcoding, mobile or online video content
                aggregation or syndication, online marketing services, network fulfillment
                for Internet or mobile video, or online or mobile content management
                (the
                "Restricted
                Businesses");

            

    

    

    
      	 	
              (b)

            	
              within
                two
                years after Completion, either on its own account or in conjunction
                with
                or on behalf of any person, firm or company in connection with any
                Restricted Business, solicit or endeavour to entice away from the
                Company
                any person who at the date of Completion
                is
                a client or customer of the Company whether or not such person would
                commit a breach of contract by reason of transferring business;
                

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    
      	
            	(c)	
              within
                two
                years after Completion, either on its own account or in conjunction
                with
                or on behalf of any person, firm or company, in connection with any
                Restricted Business, endeavour to entice away from the Company any
                person
                who at Completion is a supplier of the Company whether or not such
                person
                would commit a breach of contract by reason of transferring business;
                

            

    

    

    
      	 	
              (d)

            	
              disclose
                to any other person within three years after Completion at any time
                any
                information of a secret or confidential nature relating exclusively
                or
                primarily to the Business ("Confidential
                Information")
                except: 

            

    

    

    
      	
            	(i)	
              to
                the extent that the Confidential Information has entered the public
                domain
                otherwise than by reason of the unauthorized act or default of the
                Vendors;
                

            

    

    

    
      	
            	(ii)	
              information
                which it subsequently acquires from a third party lawfully and not
                under a
                duty of confidentiality; 

            

    

    

    
      	
            	(iii)	
              in
                so far as may be required by law or by any regulatory authority;
                

            

    

    

    
      	
            	(iv)	
              any
                information which the Vendors
                or
                Vendors’
                Group independently develops without using the Confidential Information;
                and 

            

    

    

    
      	
            	(v)	
              any
                Confidential Information
                or technical
                know how.
                

            

    

    

    
      	
            	(e)	
              within
                one year after Completion, solicit or entice away from employment
                of the
                Company any person who is at Completion a senior Employee of the
                Company
                save always that this Clause 7.1(e)
                shall not apply
                in
                the event that any employee responds to an advertisement placed by
                a
                Vendor or any member of a
                Vendor's Group. 

            

    

    

    
      	
            	(f)	
              within
                six months after Completion, solicit or entice away from the employment
                of
                the Company any person who is at Completion an Employee (but not
                a senior
                Employee) of the Company save always that this paragraph 7.1(f) shall
                not
                apply in the event that any employee responds to an advertisement
                placed
                by a
                Vendor or any member of a
                Vendor's Group. 

            

    

    

    
      	7.2  	
              The
                Key
                Personnel
                shall be deemed not to be in breach of this Clause 7 if as a result
                of an
                acquisition or merger or similar arrangement it acquires after Completion
                a Restricted Business which is part of a larger business company
                or group
                of companies, provided that the Restricted Business is not the principal
                trading activity of such business, company or group of companies.
                For the
                purposes of the Clause 7.1 (a) Restricted Business shall not be deemed
                to
                be the principal trading activity of such business, company or group
                of
                companies if it accounts for not more than ten per cent (10%) of
                the
                turnover (on a consolidated basis in respect of a group of companies)
                of
                the company, business or group of companies so
                acquired.

            

    

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    
      	8.	
              WARRANTIES
                OF THE PURCHASER 

            

    

    

    
      	
              8.1
                

            	
              The
                Purchaser warrants to the Vendors
                that it is not aware of any circumstance or fact which to its knowledge
                would enable it to make a Claim or a Claim in respect of Tax at the
                date
                of Completion. 

            

    

    

    
      	8.2	
              The
                Purchaser warrants to the Vendors that:

            

    

     

    (a) it
      is a
      corporation validly existing under the laws of Delaware with the requisite
      power
      and authority to enter into and perform, and has taken all necessary corporate
      action to authorise, the execution and performance of, its obligations under
      this Agreement and all documents in the agreed form; 

    

    (b)
       this
      Agreement constitutes valid and binding obligations of the Purchaser;
      and 

    

    (c)
      neither
      the
      Purchaser nor any of its professional advisors, directors, officers, employees,
      nor
      consultants
      has any reason as of the date hereof to believe that the Vendors are or will
      be
      in breach of any of the representations, warranties, agreements or undertakings
      in this Agreement.

    

    
      	
              8.3

            	
              The
                Vendors and any representative
                of
                the Vendors shall have the right to consult the books and records
                of the
                Company on reasonable notice and during normal business hours in
                order to
                properly defend any Claim or any Claim in respect of Tax or under
                Clause 6
                hereof, including third party claims.

            

    

    

    
      	9.	
              EMPLOYMENT
                MATTERS 

            

    

    

    
      	9.1	
              The
                Employees to be retained by the Company at Completion are identified
                in
                Schedule 7
                (“Retained
                Employees”).
                

            

    

    

    
      	9.2	
              The Vendors
                and the Purchaser represent that they have fulfilled their respective
                information and negotiation obligations under the Democracy at Work
                Act
                (SFS 1976:580) (Sw. medbestämmandelagen).

            

    

     

    
      	10.	
              DEBT
                AND GUARANTEES 

            

    

    

    
      	
              10.1
                

            	
              The
                Purchaser undertakes with the Vendors
                to
                procure the release at Completion of the Vendors
                and any member of the Vendors’
                Group from all guarantees, indemnities, bonds, letters of comfort,
                undertakings, licenses and other arrangements to which they or any
                of them
                are a party in respect of the Company or its business or [the
                Properties]
                (including without limitation Henrik Eklund’s pledge of shares as security
                for
                the advance fee set out in Schedule 4, Part C)
                and to indemnify and to keep indemnified on a continuing basis the
                Vendors
                and any member of the Vendors’
                Group from all claims, liabilities, costs and expenses (including
                without
                limitation, legal and other professional advisers' fees) arising
                in
                respect or by reason thereof. 

            

    

    

    
      	
              10.2
                

            	
              Without
                limiting the generality of Clause 10.1 and provided that the Purchaser
                will not be obliged to provide greater security than the security
                provided
                by the Vendors
                or
                by any of the Vendors’
                Group, the Purchaser agrees, in discharging its obligations under
                that
                Clause, to offer any guarantees, indemnities or other undertakings
                (as the
                case may be) or otherwise procure satisfactory security in place
                of the
                guarantees and indemnities and other arrangements referred to in
                Clause
                10.1. 

            

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    
      	
              10.3
                

            	
              The
                obligations of the Purchaser under Clauses 10.1 and 10.2 will continue
                after Completion until all such releases are obtained.
                

            

    

    

    
      	11.	
              ANNOUNCEMENTS
                

            

    

     

    Except
      in
      the course of its normal investor relations activities, provided no statements
      will be made to the detriment of the business of the Company and the
Vendors,
      no
      press conference, announcement or other communication concerning this sale
      and
      purchase or any ancillary matter referred to in this Agreement, shall be made
      until Completion by the Vendors
      or their
      respective agents, employees or advisers to any third party without the prior
      written consent of the Purchaser
      save
      as
      may be required by any: 

     

    (a)
       law;
      

    

    (b)
       contractual
      arrangements existing at the date hereof;

    

    (c)
       listing
      authority or a stock exchange; or 

    

    (d)
       any
      applicable regulatory authority to which a Party
      is
      subject where such requirement has the force of law. 

     

    provided
      that in the event that any press conference announcement or other communication
      is made pursuant to the requirements of (a) to (d) above, the Party
      required
      to make the same shall to the extent and in the manner reasonably practicable
      in
      the circumstances, notify and consult with the other Parties
      hereto
      in advance as to the requirement to make such announcement press conference
      or
      other communication. 

     

    
      	12.	
              FURTHER
                ASSURANCE

            

    

     

    Each
      Party
      shall,
      from time to time 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 satisfactory
      to
      the other Party
      as the
      other Party
      may
      reasonably consider necessary for giving full effect to this Agreement and
      securing to the other Party
      the full
      benefit of the rights, powers and remedies conferred upon the other Party
      to
      this
      Agreement. 

     

    
      	13.	
              ASSIGNMENT 

            

    

    

    
      	
              13.1
                

            	
              Save
                as provided in Clause
                13.2,
                a
                Party
                may not assign, transfer, charge or deal in any other manner with
                this
                Agreement or any of its rights under it, nor purport to do any of
                the
                same, nor sub-contract any or all of its obligations under this Agreement
                without having obtained the prior written consent of the other
                Party.
                

            

    

    

    
      	
              13.2
                

            	
              The
                Purchaser shall be entitled to assign its rights under this Agreement
                to
                any member of the Purchaser's Group provided that:
                

            

    

     

    (a)
      the
      Purchaser shall procure that any company to whom it assigns any of its rights
      under this Agreement shall assign such rights back to the Purchaser immediately
      prior to its ceasing to be a member of the Purchaser's Group; and 

    

    (b)
       no
      such
      assignment shall relieve the Purchaser of any of its obligations under this
      Agreement. 

     

    For
      the
      avoidance of doubt, any; change of ownership of shares in the Purchaser, change
      in the structure of shares (such as share split etc.), merger of the Purchaser
      or similar, shall also be allowed under this Agreement.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    
      	14.	
              ENTIRE
                AGREEMENT: REMEDIES 

            

    

    

    
      	
              14.1
                

            	
              The
                Purchaser acknowledges that, in agreeing to enter into this Agreement
                on
                the terms set out herein, it is not relying on any representation,
                indemnity,
                warranty,
                promise, undertaking or other assurance except those expressly set
                out in
                this Agreement. 

            

    

    

    
      	
              14.2
                

            	
              Without
                prejudice to Clause 14.1, save as set out in this Agreement, no
                representation or warranties or other assurances are given by
                the Vendors
                or the Vendors’ Group or any
                of their respective advisers in respect of the Company, the Business
                or
                any information supplied to the Purchaser in the course of negotiations
                and the Purchaser acknowledges that it has not relied on any
                representations or warranties or information contained in any other
                written or oral information supplied by or on behalf of
                the Vendors
                or
                the Vendors’
                Group or their
                respective advisers or made or supplied in connection with the
                negotiations of the sale and purchase under this Agreement.
                

            

    

    

    
      	
              14.3

            	
              The
                remedies provided for in this Agreement in case of a breach of any
                warranty, representation or other assurances shall be the sole and
                exclusive remedy of the Purchaser and therefore it is specifically
                agreed
                that no remedy whatsoever under the sale of goods act (Sw.
                Köplagen 1990:931) or
                under any other statute law or legal principle including but not
                limited
                to the right to rescind this Agreement shall be available to the
                Purchaser.

            

    

    

    
      	15.	
              WAIVER
                AND VARIATION 

            

    

    

    
      	15.1	
              No
                waiver by omission, delay or partial exercise

            

    

     

    No
      omission by either
      Party
      to
      exercise or delay in exercising any right, power or remedy provided by law
      or
      under this Agreement shall constitute a waiver of such right, power or remedy
      or
      any other right, power or remedy or impair such right, power or remedy. No
      single or partial exercise of any such right, power or remedy shall preclude
      or
      impair any other or further exercise thereof or the exercise of any other right,
      power or remedy provided by law or under this Agreement. 

     

    
      	15.2	
              Variations
                to be in writing 

            

    

     

    No
      variation to this Agreement shall be of any effect unless it is agreed in
      writing and signed by or on behalf of each Party.
      

     

    
      	16.	
              COSTS
                AND EXPENSES 

            

    

    

    
      	16.1	
              Payment
                of costs 

            

    

     

    Save
      as
      otherwise stated in this Agreement, each of the Vendors and the Purchaser shall
      pay their own costs and expenses in relation to the negotiation, preparation,
      execution and carrying into effect of this Agreement and other agreements or
      fees forming part of the transaction of the sale and purchase hereunder. For
      the
      avoidance of doubt said costs, fees and expenses shall not be borne by the
      Company. 

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    
      	17.	
              NOTICES 

            

    

    

    
      	17.1	
              Form
                of notices 

            

    

     

    Any
      communication to be given in connection with the matters contemplated by this
      Agreement shall, except where expressly provided otherwise, be in writing and
      shall either be delivered by hand or sent by first class pre-paid post or
      facsimile transmission. Delivery by courier shall be regarded as delivery by
      hand. 

     

    
      	17.2	
              Address
                and facsimile 

            

    

     

    Such
      communication shall be sent to the address of the relevant Party
      referred
      to in this Agreement or the facsimile number set out below or to such other
      address or facsimile number as may be communicated to the other Party
      in
      accordance with this Clause.
      Each
      communication shall be marked for the attention of the relevant
      person.
      

     

    Vendors:
      

    

    Wistrand
      Advokatbyrå

    

    Regeringsgatan
      65

    Box
      7543

    SE-103
      93
      Stockholm

    Tel:
      +46
      8 50 72 00 00

    Fax:
      +46
      8 50 73 00 00

    Atten:
      Peter Lexenberg 

     

    Purchaser:
      

     

    ROO
      GROUP,
      INC.

    228
      East
      45th
      Street

    New
      York,
      10017 USA,

    Tel:
      +1-646-502-7484

    Fax:
      +1-212-937-3999

    Atten:
      Kaleil Isaza Tuzman, CEO

     

    With
      Copy to:

     

    Motei
      & Associates, Attorneys

    P.O.
      Box
      112888

    Dubai,UAE

    Tel:
      +971
      4 348 6100

    Fax:
      +971
      4 348 6264

    Atten:
      Rima Jameel

    

    17.3
       Deemed
      time of service 

     

    A
      communication shall be deemed to have been served: 

     

    (a)
       if
      delivered by hand at the address referred to in Clause 17.2, at the time of
      delivery; 

    

    (b) if
      sent
      by first class pre-paid post to the address referred to in Clause 17.2, at
      the
      expiration of two clear days after the time of posting; and 

    

    (c)
       if
      sent
      by facsimile to the number referred to in Clause 17.2, at the time of completion
      of transmission by the sender. 

     

    If
      a
      communication would otherwise be deemed to have been delivered outside normal
      business hours (being 9:30 a.m. to 5:30 p.m. on a Business Day) in the time
      zone
      of the territory of the recipient under the preceding provisions of this
      sub-clause, it shall be deemed to have been delivered at the next opening of
      business in the territory of the recipient. 

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    
      	17.4	
              Proof
                of service 

            

    

     

    In
      proving service of the communication, it shall be sufficient to show that
      delivery by hand was made or that the envelope containing the communication
      was
      properly addressed and posted as a first class pre-paid letter or that the
      facsimile was dispatched and a confirmatory transmission report received.

     

    
      	17.5	
              Change
                of details 

            

    

     

    A
      Party
      may
      notify the other Party
      or
Parties
      to this
      agreement of a change to its name, relevant person, address or facsimile number
      for the purposes of Clause 17.1 PROVIDED THAT such notification shall only
      be
      effective
      on:

     

    
      	 	
              (a)
                

            	
              the
                date specified in the notification as the date on which the change
                is to
                take place; or 

            

    

    

    
      	 	
              (b)
                

            	
              if
                no date is specified or the date specified is less than five clear
                Business Days after the date on which notice is deemed to have been
                served, the date falling five clear Business Days after notice of
                any such
                change is deemed to have been given.

            

    

    

    
      	18.	
              COUNTERPARTS

            

    

    

    
      	18.1	
              Execution
                in counterparts 

            

    

     

    This
      Agreement may be executed in any number of counterparts and by
      the
Parties
      on
      different counterparts, but shall not be effective until each Party
      has
      executed at least one counterpart. 

     

    
      	18.2	
              One
                agreement 

            

    

     

    Each
      counterpart shall constitute an original of this Agreement but all the
      counterparts shall together constitute one and the same Agreement. 

     

    
      	19.	
              INVALIDITY 

            

    

    

    
      	
              19.1
                

            	
              If
                any provision of this Agreement or the application of it shall be
                declared
                or deemed void, invalid or unenforceable in whole or in part for
                any
                reason, the Agreement and the other provisions will remain in force
                with
                whatever modification that is necessary to give effect to the commercial
                intention
                of
                the Parties.
                

            

    

    

    
      	20.	
              AGREEMENT
                TO CONTINUE IN FULL FORCE AND EFFECT 

            

    

    

    
      	
              20.1
                

            	
              This
                Agreement shall, to the extent that it remains to be performed, continue
                in full force and effect notwithstanding Completion.
                

            

    

    

    
      	21.	
              THIRD
                PARTY RIGHTS 

            

    

    

    
      	
              21.1
                

            	
              Subject
                to Clause 21.2, nothing in this Agreement is intended to confer on
                any
                third party any right to enforce any term of this Agreement.
                

            

    

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    
      	
              21.2
                

            	
              Where
                any rights are conferred upon the Vendors
                pursuant to this Agreement, each Vendor
                shall be entitled to directly enforce such rights against the
                Purchaser.

            

    

    

    
      	22.	
              GOVERNING
                LAW AND JURISDICTION 

            

    

    

    
      	
              22.1
                

            	
              This
                Agreement
                shall be governed by and construed in accordance with Swedish
                law
                without regard to its rules on conflict of law.
                

            

    

    

    
      	
              22.2
                

            	
              The
                Parties
                will attempt in good faith to negotiate a settlement to any claim
                or
                dispute between them arising out of or in connection with this Agreement.
                If the matter is not resolved by negotiation within 20 days the
                Parties
                will refer the dispute to mediation in accordance with the Rules
                of the
                Mediation Institute of the Stockholm Chamber of Commerce (Mediation
                Rules).
                Where the dispute is not solved by mediation,
                within the period of time prescribed by the Mediation Rules, the
                dispute
                shall be finally settled by arbitration at the Arbitration Institute
                of
                the Stockholm Chamber of Commerce. 

            

    

    

    
      	22.3	
              The
                arbitral tribunal shall be composed of three (3) arbitrators. The
                seat of
                arbitration shall be Stockholm, Sweden. The language to be used in
                the
                arbitral proceedings shall be English.

            

    

    

    
      	22.4	
              The
                Parties
                undertake and agree that all arbitral proceedings conducted with
                reference
                to this arbitration Clause
                will be kept strictly confidential. This confidentiality undertaking
                shall
                cover all information disclosed in the course of such arbitral
                proceedings, as well as any decision or award that is made or declared
                during the proceedings. Information covered by this confidentiality
                undertaking may not, in any form, be disclosed to a third party without
                the written consent of the other Party.
                This notwithstanding, a Party
                shall not be prevented from disclosing such information in
                order to safeguard in the best possible way his rights in connection
                with
                the dispute, or if obligated to do so pursuant to statute, regulation,
                a
                decision by an authority, a stock exchange agreement or
                similar.

            

    

    

    IN
      WITNESS WHEREOF
      this
      Share Purchase Agreement is executed on the day and year first written
      above.

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    FOR
      PURCHASER:

    

    
      
        	
                /s/
                  Kaleil Isaza Tuzman

              	
              
	
                Kaleil
                  Isaza Tuzman

              
	
                Chief
                  Executive Officer

              
	
                ROO
                  Group, Inc.

              

      

       

    

    VENDORS:

    

    
      	
              FOR
                H2O Education AB:

            	 	
              FOR
                NewCo 2092 Sweden AB/scholander

              förvaltnings
                 ab:

            
	 	 	 
	
                /s/
                Henrik Eklund

            	 	
                /s/
                Ola Scholander 

            
	
              Henrik
                Eklund

            	 	
              Ola
                Scholander

            
	 	 	 
	
              FOR
                NewCo 2084 Sweden AB/ 

              Danwill
                Holding AB:

            	 	
              FOR
                Lumaby Media AB:

            
	 	 	 
	
                /s/
                Dan Willstrand 

            	 	
                /s/
                Henrik Sundberg 

            
	
              Dan
                Willstrand

            	 	
              Henrik
                Sundberg thru PoA

            
	 	 	 
	
              FOR
                Mellanmon Media AB:

            	 	
              FOR
                Stella Advisors AB:

            
	 	 	 
	
                /s/
                Henrik Sundberg 

            	 	
                /s/
                Henrik Sundberg 

            
	
              Henrik
                Sundberg thru PoA

            	 	
              Henrik
                Sundberg

            
	 	 	 
	
              FOR
                EToM AB:

            	 	
              FOR
                Daniel Franck:

            
	 	 	 
	
                /s/
                Henrik Sundberg

            	 	
                /s/
                Henrik Sundberg

            
	
              Henrik
                Sundberg thru PoA

            	 	
              Henrik
                Sundberg thru PoA

            
	 	 	 
	
              FOR
                Niklas Lund:

            	 	
              FOR
                Westhill Group Aktiebolag:

            
	 	 	 
	
                /s/
                Henrik Sundberg 

            	 	
                /s/
                Henrik Sundberg

            
	
              Henrik
                Sundberg thru PoA

            	 	
              Henrik
                Sundberg thru PoA

            

    

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      1 THE COMPANY AND THE VENDORS

     

    PART
      A: THE COMPANY

     

    
      	
              Name
                of Company:

            	
               

            	
              Kamera
                Content AB

            
	 	 	 
	
              Date
                of Incorporation:

            	
               

            	
              2004-09-13

            
	 	 	 
	
              Registered
                number:

            	 	
              556666-2135

            
	 	 	 
	
              Registered
                office:

            	
               

            	
              Drottninggatan
                92-94, 111 36 Stockholm, Sweden

            
	 	 	 
	
              Accounting
                reference date:

            	
               

            	
              Calendar
                Year

            
	
              Directors:

               

               

              Deputy
                Director:

            	
               

            	
              Henrik
                Sundberg

              Niklas
                Lund

              Mikael
                Lövgren

              Henrik
                Eklund

              Ola
                Scholander

            
	 	 	 
	
              Auditors:

            	
               

            	
              Grant
                Thornton, Maria Jalkenäs

            
	 	 	 
	
              Shareholders:
                

            	
               

            	
              SEE
                LIST OF VENDORS BELOW

            
	 	 	 
	
              Authorized
                Share Capital:

            	
               

            	
              400,000
                SEK

            
	 	 	 
	
              Issued
                Share Capital:

            	
               

            	
              226,700
                SEK

            
	 	 	 
	
              No
                of Shares issued:

            	
               

            	
              2,267,000

            

    

    

    PART
      B THE VENDORS

    

    MAJORITY
      SHAREHOLDERS 

    
      	
              NAME OF VENDOR

            	 	
              NO SHARES

            	 	
              PERCENTAGE

              SHARES

            	 	
              ALLOCATION OF

              ADJUSTED

              PURCHASE PRICE

            	 
	
              H2O
                Education

            	 	 	
              314,000

            	 	 	
              13.85

            	
              %

            	 	 	 
	
              NewCo
                2092 Sweden AB

            	 	 	
              277,000

            	 	 	
              12.22

            	
              %

            	 	 	 
	
              NewCo
                2084 Sweden AB

            	 	 	
              249,000

            	 	 	
              10.98

            	
              %

            	 	 	 
	
              Lumaby
                Media AB

            	 	 	
              199,000

            	 	 	
              8.78

            	
              %

            	 	 	 
	
              Mellanmon
                Media AB

            	 	 	
              199,000

            	 	 	
              8.78

            	
              %

            	 	 	 
	
              Stella
                Advisors AB

            	 	 	
              170,000

            	 	 	
              7.50

            	
              %

            	 	 	 
	
              EToM
                AB

            	 	 	
              79,000

            	 	 	
              3.48

            	
              %

            	 	 	 
	
              Daniel
                Franck

            	 	 	
              48,000

            	 	 	
              2.12

            	
              %

            	 	 	 
	
              Niklas
                Lund

            	 	 	
              45,000

            	 	 	
              1.99

            	
              %

            	 	 	 
	
              Westhill
                Group Aktiebolag

            	 	 	
              32,000

            	 	 	
              1.41

            	
              %

            	 	 	 
	
              TOTAL

            	 	 	
              1,612,000

            	 	 	
              71.12

            	
              %

            	 	 	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    PART
      C 

    

    MINORITY
      SHAREHOLDERS 

    
      	
              NAME OF VENDOR

            	 	
              NO. SHARES

            	 	
              PERCENTAGE

              SHARES

              (Approximate)

            	 	
              ALLOCATION OF

              ADJUSTED

              PURCHASE PRICE

            	 
	
              Skandifinanz
                Bank AG

            	 	 	
              181,000

            	 	 	
              7.98

            	
              %

            	 	 	 
	
              Lövgren
                & Partners (Mikael Lövgren)

            	 	 	
              184,000

            	 	 	
              8.12

            	
              %

            	 	 	 
	
              Westindia
                AB

            	 	 	
              95,000

            	 	 	
              4.19

            	
              %

            	 	 	 
	
              Bertil
                Hallsten

            	 	 	
              30,000

            	 	 	
              1.32

            	
              %

            	 	 	 
	
              ACH
                Securities SA

            	 	 	
              20,000

            	 	 	
              .88

            	
              %

            	 	 	 
	
              Berndt
                Plotk/Emendum AB

            	 	 	
              20,000

            	 	 	
              .88

            	
              %

            	 	 	 
	
              AB
                Havstuten

            	 	 	
              20,000

            	 	 	
              .88

            	
              %

            	 	 	 
	
              Barbro
                Vasilis

            	 	 	
              20,000

            	 	 	
              .88

            	
              %

            	 	 	 
	
              Georg
                Bergegren

            	 	 	
              15,000

            	 	 	
              .66

            	
              %

            	 	 	 
	
              Sound
                Invest

            	 	 	
              15,000

            	 	 	
              .66

            	
              %

            	 	 	 
	
              Molinders
                Management AB

            	 	 	
              10,000

            	 	 	
              .44

            	
              %

            	 	 	 
	
              Janne
                Lundstrom

            	 	 	
              10,000

            	 	 	
              .44

            	
              %

            	 	 	 
	
              Bjorn
                Blom

            	 	 	
              2,500

            	 	 	
              .11

            	
              %

            	 	 	 
	
              Goran
                Kallebo

            	 	 	
              5,000

            	 	 	
              .22

            	
              %

            	 	 	 
	
              Magnus
                Harning-Nilsson

            	 	 	
              2,500

            	 	 	
              .11

            	
              %

            	 	 	 
	
              Peter
                Moller (dodsbo)

            	 	 	
              2,500

            	 	 	
              .11

            	
              %

            	 	 	 
	
              Gunnar
                Stromberg AB

            	 	 	
              2,500

            	 	 	
              .11

            	
              %

            	 	 	 
	
              Richard
                Goldman

            	 	 	
              5,000

            	 	 	
              .22

            	
              %

            	 	 	 
	
              E.
                Ohman J. or FK

            	 	 	
              5,000

            	 	 	
              .22

            	
              %

            	 	 	 
	
              Mats
                Ekholm

            	 	 	
              3,000

            	 	 	
              .13

            	
              %

            	 	 	 
	
              Roger
                Skogman

            	 	 	
              2,500

            	 	 	
              .11

            	
              %

            	 	 	 
	
              Sture
                Hedlund

            	 	 	
              2,500

            	 	 	
              .11

            	
              %

            	 	 	 
	
              Eva
                Robins

            	 	 	
              500

            	 	 	
              .02

            	
              %

            	 	 	 
	
              Charlie
                Hansson

            	 	 	
              500

            	 	 	
              .02

            	
              %

            	 	 	 
	
              Anders
                Berglund

            	 	 	
              500

            	 	 	
              .02

            	
              %

            	 	 	 
	
              Carola
                Karlsson

            	 	 	
              500

            	 	 	
              .02

            	
              %

            	 	 	 
	
              TOTAL

            	 	 	
              655,000

            	 	 	
              28.88

            	
              %

            	 	 	 

    

    

    
      	
              TOTAL
                MAJORITY SHAREHOLDERS:

            	 	 	
              1,612,000

            	 	 	
              71.12

            	
              %

            
	
              TOTAL
                MINORITY SHAREHOLDERS:

            	 	 	
              655,000

            	 	 	
              28.88

            	
              %

            
	 	 	 	 	 	 	 	 
	
              TOTAL
                SHARES:

            	 	 	
              2,267,000

            	 	 	 	 
	
              TOTAL
                PERCENTAGE:

            	 	 	
              100

            	
              %

            	 	 	 

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    SCHEDULE
      2

     

    PROPERTIES
      – THE COMPANY’S STOCKHOLM LEASE

     

    
      	
              Property

            	
               

            	
              Date
                of

              Lease

            	
               

            	
              Term
                of

              Lease

            	
               

            	
              Parties

            	
               

            	
              Date
                of

              Assignment

              (if
                any)

            	
               

            	
              Current

              Monthly

              rent

            
	 	 	 	 	 	 	 	 	 	 	 
	
              Drottninggatan
                92-94, Stockholm, Sweden

            	 	
              31
                December 200-31 December 2008

            	 	
              Termination
                upon 3 months written notice prior to end of Term

            	 	
              Landlord:
                World Television Sweden Property AB

               

              Tenant:
                Kamera Content AB

            	 	
              N/A

            	 	
              80,396
                SEK payable quarterly in advance

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      3

     

    THE
      WARRANTIES 

     

    The
      Warranties set out below are subject to all matters Disclosed. 

     

    
      	1.	
              Due
                Incorporation and Capacity

            

    

     

    The Vendors,
      where
      applicable, is a corporation validly existing under the laws of Sweden with
      the
      requisite power and authority to enter into and perform, and has taken all
      necessary corporate action to authorize
      the execution and performance of, its obligations under this Agreement.

     

    
      	2.	
              Valid
                Obligations

            

    

     

    This
      Agreement constitutes valid and binding obligations of the Vendors.

     

    
      	3.	
              The
                Company

            

    

     

    The
      particulars relating to the Company set out in Schedule 1,
      Part
      A,
      are true
      and correct.
      

     

    
      	4.	
              Incorporation

            

    

     

    The
      Company is a corporation validly existing under the laws of Sweden with full
      power and authority to conduct its business as presently conducted.

     

    
      
        	5.	
                Articles
                  of Association

              

      

    

     

    A
      copy of
      the current
      registered Articles
      of Association of the Company is
      included
      in the Disclosure Letter
      is
      accurate in all respects.
      

     

    
      	6.	
              Ownership
                of the Shares 

            

    

    

    
      	
              6.1

            	
              The
                Sale Shares of the Company constitute 99,54
                % of the
                whole of the issued share capital of the Company.
                

            

    

    

    
      	
              6.2

            	
              There
                is no option, right of pre-emption or right to acquire, mortgage,
                charge,
                pledge, lien or other form of security or encumbrance on, over or
                affecting any of the Sale Shares nor is there any commitment to give
                or
                create any of the foregoing. 

            

    

    

    
      	
              6.3

            	
              The
                Vendors are exclusively entitled to the benefit of, and to enjoy
                all
                rights attaching to, the Sale Shares and is entitled to transfer
                the full
                legal and beneficial ownership in the Sale Shares to the Purchaser
                on the
                terms set out in this Agreement. 

            

    

    

    
      	
              6.4

            	
              There
                is no dispute concerning the title of the Vendors to the Sale Shares
                or
                its ability to sell the same and no other person has claimed to have
                title
                to the same or to be entitled to any interest therein. The
                Vendors
                are not engaged in any litigation, arbitration or other proceedings
                in any
                way relating to its title to the Sale Shares, and the Company has
                not
                received any application for the rectification of its register of
                shareholders. To the best of the knowledge, information and belief
                of the
                Vendors, there are no circumstances likely to give rise to any of
                the
                matters referred to in this paragraph.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	7.	
              Subsidiaries

            

    

     

    
      	
              7.1

            	
              The
                Company is the parent company of the following subsidiaries (the
                “Subsidiaries”):

            

    

     

    
      
        	
              	a)	
                Swegypt
                  For Communication Services S.A.A. (Egypt: Registration No.
                  17806)

              

      

    

     

    
      
        	
              	b)	
                Kamera
                  (s) PTE. Ltd (Singapore: Registration No. 200604451W)
                  

              

      

    

     

    
      	
              7.2

            	
              The
                Company has no past, current or outstanding obligation to finance
                the
                Subsidiaries other than in the ordinary course of business and in
                accordance with the memorandum and articles of association and/or
                bylaws.

            

    

     

     

    
      	
              7.3

            	
              The
                execution of this Agreement, the
                consummation of the transaction contemplated herein and the fulfillment
                of
                the terms hereof will not:

            

    

     

    (a)
      result in a breach of any charter, articles of association or equivalent
      document
      of
      any Subsidiary; or

     

    (b)
      cause
      any acceleration of maturity of any contract or of any obligation to which
      the
      Subsidiary is a party; or 

     

    (c)
      give
      to any other person any interest or right (including any right of termination
      or
      cancellation or change) in or with respect to the contracts or the assets or
      properties of the Subsidiary.

     

    
      	8.	
              Liabilities
                owing to or by Vendors

            

    

     

    There
      is
      not outstanding any indebtedness or other liability (actual or contingent)
      owing
      by the Company to any member of the Vendors’ Group or to any Director or any
      person connected with any of them, nor is there any indebtedness owing to the
      Company by any such person. 

     

    
      	9.	
              Compliance
                with Laws

            

    

     

    The
      Company has conducted its business in all material respects in accordance with
      all applicable Laws of Sweden and each other jurisdiction in which it has an
      establishment or conducts any business and there is no order, decree or judgment
      of any Authority outstanding against the Company or any person for whose acts
      the Company is vicariously liable which may have a material adverse effect
      upon
      the assets or business of the Company. 

     

    
      	10.	
              Books
                and Records

            

    

     

    To
      the
      best of the knowledge, information and belief of the Vendors all accounts,
      books, ledgers, financial and other records of whatsoever kind (“Records”) of
      the Company: 

     

    
      	10.1	
              have
                been fully, properly and accurately maintained on a consistent basis,
                are
                up to date and in the possession and control of the Company and contain
                true, complete and accurate records of all material
                matters
                required by Law to be entered therein;

            

    

    

    
      
        	10.2	
                do
                  not contain or reflect any material inaccuracies or discrepancies;
                  

              

      

    

    

    
      
        	10.3	
                and
                  no notice or allegation that any of the Records is incorrect or
                  should be
                  rectified has been received. 

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	11.	
              Accounts 

            

    

    

    
      	11.1	
              The
                Accounts: 

            

    

     

    
      
        	
              	(a)	
                were
                  prepared in accordance with the requirements of all relevant Swedish
                  Laws
                  and the
                  Accounting Standards
                  at
                  the time they were prepared; 

              

      

    

     

    
      	 	
              (b)
                

            	
              show
                a true and fair view of the assets and liabilities of the Company
                as at,
                and the profits of the Company for the accounting reference period
                ended
                on, the Accounts Date; 

            

    

    

    
      	11.2	
              Operating
                Profit

            

    

     

    The
      operating profit of the Company for the three years ended on the Accounts Date
      as shown by the Accounts and the accounts for such previous years and the trend
      of operating profit thereby shown has not (save as fairly disclosed in such
      accounts) been affected by the inclusion of non-recurring items or extra
      ordinary results, both as defined in the Accounting Standards applying a
      threshold of 5% of the Company’s operating profit per single item. 

     

    
      	11.3	
              Provision
                for liabilities

            

    

     

    Full
      and
      proper provision has been made in the Accounts for all material
      liabilities of the Company
      outstanding at the Accounts Date and proper provision (or note) in accordance
      with the Accounting Standards at the time they were prepared has been made
      therein for all other material
      liabilities of the Company.
      

     

    

    
      	11.4	
              Assets
                and charges 

            

    

    

    
      	
            	(a)	
              The
                Company owned as at the Accounts Date all the assets included in
                the
                Accounts and particulars of all fixed assets with a cost in excess
                of
                SEK
                50,000
                acquired since the Accounts Date are set out in the Disclosure Letter.
                Since the Accounts Date, the Company has not acquired any fixed asset
                having a value in excess of SEK
                350,000.

            

    

    

    
      	
            	(b)	
              Except
                for current assets disposed of by the Company in the ordinary course
                of
                its Business, the Company is the owner legally and beneficially of
                and has
                good and marketable title to all assets and all assets which have
                been
                acquired by the Company since the Accounts Date and no encumbrance,
                mortgage, charge, lien over or in respect of the whole or any part
                of the
                Company’s assets, undertaking, goodwill or uncalled capital of the Company
                has been created and no agreement has been entered into to create
                any of
                the foregoing. Since the Accounts Date there have been no disposals
                of
                assets having a total aggregate value of US$10,000. 

            

    

     

    
      	
            	(c)	
              The
                assets owned or leased by the Company comprise all material assets
                currently used in the Business. 

            

    

    

    
      
        	11.5	
                Third
                  Party
                  Loans/Obligations

              

      

    

    

    
      	 	
              (a)
                

            	
              The
                obligations set out in Schedule 4 are the only loans/debt obligations
                of
                the Company. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	12.	
              Returns
                

            

    

     

    To
      the
      best of the knowledge, information and belief of the Vendors the Company has
      complied with the provisions of all applicable laws in
      the
      jurisdictions in which it has an establishment or conducts any business
and
      all
      returns, particulars, resolutions and other documents required under any
such
      law
      to be
      delivered on behalf of the Company to the Registrar of Companies have been
      properly made and delivered. All such documents which have been so delivered,
      whether or not required by any such
      law,
      were
      true
      and
      accurate when so delivered and the Company has not received notification of
      the
      levy of any fine or penalty for non-compliance by the Company or any
      director
      of the
      Company. 

     

    
      	13.	
              Position
                since Accounts Date 

            

    

     

    Since
      the
      Accounts Date: 

     

    (a) the
      business of the Company has been carried on in the ordinary course and so as
      to
      maintain the same as a going concern; 

    

    (b) the
      Company has not entered into any unusual (not
      in
      the ordinary course) contract
      or commitment (other than contracts or commitments disclosed to the Purchaser);
      

    

    (c) there
      has
      been no material adverse change in
      the
      business financial or trading position, profitability, prospects or turnover
      of
      the Company;

    

    (d) except
      for dividends provided for in the Accounts no dividend or other distribution
      of
      profits or assets has been or agreed to be declared, made or paid by the
      Company; 

    

    (e) no
      material change has been made in terms of employment by the Company (other
      than
      those required by law, collective bargaining agreements and those made pursuant
      to any annual salary review); 

    

    (f) no
      share
      or loan capital had been issued or agreed to be issued by the Company;

    

    (g) no
      capital commitment has been entered into by the Company to spend monies in
      excess of SEK
      50,000;

     

    (h) so
      far as
      the Vendors are
      aware
      there has been no significant event or occurrence (including the loss of any
      significant customer or supplier) which has had or may following Completion
      have
      a material adverse effect on the Company’s business; 

    

    (i) the
      Company has not borrowed or raised any money or taken any form of financial
      facility (whether pursuant to a factoring arrangement or otherwise);

    

    (j) the
      Company has paid its creditors in accordance with their respective credit terms
      or (if not) within the time periods usually applicable to such creditors and
      save as disclosed there are no debts outstanding by the Company which have
      been
      due for more than eight weeks with an average overdue amount after eight weeks
      of more than SEK
      50,000,
      with the
      exception of the obligations of the Company as set out in the CDA and related
      agreements as between the Company and the Purchaser; 

    

    (k) there
      has
      been no unusual (not
      in
      the ordinary course) change
      in
      the Company’s stock in trade or work in progress; and 

    

    (l) no
      distribution of capital or income has been declared, made or paid in respect
      of
      any share capital of the Company and (excluding fluctuations in overdrawn
      current accounts with bankers) no loan or share capital of the Company has
      been
      repaid in whole or part or has become liable to be repaid in whole or part.
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	14.	
              Compliance
                with Statutes 

            

    

    

    
      	
              14.1

            	
              The
                Company has all licenses (including statutory licenses) authorizations
                and
                registrations and consents the absence of which would materially
                affect
                the ability of the Company to carry on its Business in the places
                and in
                the manner in which it is now carried on and all of them are in full
                force
                and effect. Neither the Vendors nor the Company have received any
                written
                notice of the revocation, suspension or modification of any of those
                licenses, authorizations, registrations or consents. So far as the
                Vendors
                are aware,
                there are no
                reasons why those licenses, authorizations, registrations and consents
                ought not to be reviewed upon application for renewal by the Company.
                

            

    

    

    
      	
              14.2

            	
              The
                Company is in all respects in compliance with the Companies
                Act.

            

    

    

    
      	15.	
              Insider
                Contracts 

            

    

     

    
      	
              15.1

            	
              There
                is not outstanding, and there has not at any time during the last
                three
                years been outstanding, any material agreement or arrangement to
                which the
                Company is a party and in which:

            

    

    

    
      	 	
              (a)
                

            	
              the
                Vendors, 

            

    

    

    
      	 	
              (b)
                

            	
              any
                other member of the Vendors’ Group,

            

    

    

    
      	 	
              (c)

            	
              any
                person beneficially interested in the Company’s share capital,
                

            

    

    

    
      	 	
              (d)

            	
              any
                Director, or 

            

    

    

    
      	 	
              (e)

            	
              any
                person connected with any of them 

            

    

    

    is
      or has
      been interested, whether directly or indirectly. 

    

    
      	
              15.2

            	
              The
                Company is not a party to, nor have its profits or financial position
                during such period been affected by, any agreement or arrangement
                which is
                not of an arm’s length nature. 

            

    

    

    
      	
              15.3

            	
              All
                material costs incurred by the Company have been charged to the Company
                and not borne by any other member of the Vendors’ Group or any other
                person. 

            

    

    

    
      	
              16. 

            	
              Litigation 

            

    

    

    
      	
              16.1

            	
              To
                the best of the knowledge, information and belief of the Vendors,
                the
                Company is not
                engaged
                in or the subject of any litigation or arbitration or administrative
                or
                criminal proceedings, except as plaintiff for collection of debts
                in the
                ordinary course of business or in any proceedings before an employment
                tribunal whether as claimant, plaintiff, defendant or otherwise,
                or any
                investigation or enquiry by any Authority.

            

    

     

    
      	
              16.2

            	
              No
                litigation or arbitration or administrative or criminal proceedings
                or
                investigation or enquiry are pending or threatened or so far as the
                Vendors
                are aware expected by or against the Company or any such officer,
                agent or
                employee and so far as the Vendors
                are aware there are no facts or circumstances likely to give rise
                to the
                same. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              16.3

            	
              Neither
                the Company nor any member of the Vendors’ Group in relation to the
                business of the Company (nor any officer, agent or employee of any
                of
                them) has been a party to any undertaking or assurance given to any
                court
                or regulatory body having jurisdiction over Company or the subject
                of any
                injunction or other similar court order which is still in force.
                

            

    

     

    
      	17.	
              Consequence
                of share acquisition by the Purchaser 

            

    

    

    
      	
              17.1 

            	
              To
                the best of the knowledge, information and belief of the Vendors
                Sale of
                the Sale Shares by the Vendors will not:

            

    

    

    
      	
            	(a)	
              cause
                the Company to lose the benefit of any material licence, consent,
                permit,
                approval or authorization (public or private) or any right or privilege
                it
                presently enjoys or relieve any person of any obligation to the Company
                (whether contractual or otherwise) or enable any person to determine
                any
                such obligation or any material contractual right or benefit now
                enjoyed
                by the Company or to exercise any right whether under an agreement
                with
                the Company or otherwise; 

            

    

    

    
      	
            	(b)	
              result
                in a breach of, or constitute a default under any order, judgement
                or
                decree of Authority by which the Company is bound or subject; and
                

            

    

    

    
      	
            	(c)	
              result
                in a breach of, or constitute a default under the terms, conditions
                or
                provisions of any material agreement, understanding, arrangement
                or
                instrument (including, but not limited to, any of the Company’s contracts)
                

            

    

    

    
      	
              17.2 

            	
              The
                Vendors have not been informed or is otherwise aware that any person
                who
                now has business dealings with the Company would or might cease to
                do so
                from and after sale of the shares. 

            

    

    

    
      	18.	
              Environmental
                Matters  

            

    

     

    
      	18.1	
              The
                Company has at all times complied in all material respects with
                Environmental Law. 

            

    

     

    
      	
              18.2

            	
              The
                Company, is not engaged in any material civil, criminal or administrative
                action or other litigation concerning any Environmental Law nor
                are
                the Vendors aware of any circumstances that may give rise to such
                action
                or other litigation. 

            

    

     

    
      	
              18.3

            	
              There
                are and have been no landfills, underground storage tanks, uncontained
                or
                unlined storage treatment or disposal areas for Hazardous Substances
                at
                any of the Properties during the Company’s period of occupation so far as
                the Vendors and
                are
                aware, there are no polychlorinated biphenyls or asbestos at any
                of the
                Properties nor are the Vendors aware of the discharge or escape of
                Hazardous Substances into the Environment from the Properties.
                

            

    

    

    
      	
              18.4

            	
              All
                environmental or health and safety investigations, audits or appraisals
                undertaken or commissioned by the Company or of which the
                Vendors
                are aware relating to the operation of the Business or the Properties
                have
                been provided to the Purchaser and, so far as the Vendors
                are aware,
                where recommendations have been made, these have been complied with
                in all
                material respects. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	19.	
              Health
                and Safety 

            

    

     

    
      	
              19.1

            	
              The
                Company has not received any prohibition or improvement notice from
                any
                enforcement body which is outstanding with regard to material breaches
                of
                Health and Safety Laws and the Company is not aware of any situation
                which
                could give rise to being sent any such prohibition or improvement
                notice.
                

            

    

     

    
      	
              19.2

            	
              There
                are no material claims, investigations or proceedings outstanding
                against
                or threatened against the Company in respect of breaches of Health
                and
                Safety Law. 

            

    

    

    
      	
              20. 

            	
              Insolvency 

            

    

    

    
      	
              20.1

            	
              No
                administrator, receiver or administrative receiver or trustee has
                been
                appointed in respect of the whole or any part of the assets or undertaking
                of the Company. 

            

    

     

    
      	
              20.2

            	
              No
                meeting has been convened at which a resolution will be proposed,
                no
                resolution has been passed, no petition has been presented and which
                is
                outstanding and no order has been made for the winding-up of the
                Company.
                

            

    

    

    
      	21.	
              Suppliers
                and Customers 

            

    

     

    Since
      the
      Accounts Date, 

     

    
      	
              21.1

            	
              no
                material supplier of the Company has ceased or notified its intention
                to
                cease supplying it or has reduced its supplies to the Company in
                any
                material respect; and

            

    

     

    
      	
              21.2

            	
              no
                material customer of the Company has terminated or indicated its
                intention
                to terminate any contract with it or withdraw or reduce its custom
                with it
                in any material respect. 

            

    

     

    
      	22.	
              Defective
                Products 

            

    

     

    So
      far as
      the Vendors
      are
      aware
      since the Accounts Date no products which have been manufactured, sold or
      supplied by the Company were or will become defective. 

    

    
      	23.	
              Regulatory
                Requirements 

            

    

    

    
      	
              23.1

            	
              Compliance
                with Laws, etc.

            

    

     

    
      	 	
              The
                Company and (in relation to the business and assets of the Company)
                its
                directors, officers and employees have at all times complied in all
                material
                respects
                with all applicable laws including the Companies
                Act.

            

    

     

    
      
        	23.2	
                Licenses

              

      

    

     

    All
      material
      licenses,
      consents, permissions and authorizations required to enable the Company to
      carry
      on its business as it is presently carried on have been obtained, are in full
      force and effect and in the name of the Company and are not limited in duration
      or subject to onerous conditions.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              23.3

            	
              No
                act, event or omission has occurred or is alleged as a result of
                which any
                material
                license,
                consent, permission or authorization may be suspended, cancelled,
                revoked
                or not renewed and there are to
                the Vendors’ knowledge no
                events or circumstances (including the signature or performance of
                this
                Agreement) likely to lead to any such suspension, cancellation, revocation
                or non-renewal

            

    

     

    
      	24.	
              Contracts 

            

    

    

    
      	
              24.1

            	
              There
                are not in force in relation to the Company’s business, assets or
                undertaking any agreements, undertakings, understandings, arrangements
                or
                other engagements, whether written or oral, to which the Vendors
                or any
                member of the Vendors’ Group is a party or of which it has the benefit or
                to which it is otherwise subject, the benefit of which would be required
                to be assigned to or otherwise vested in the Company to enable the
                Company
                to carry on its business and/or to enjoy all the rights and privileges
                attaching thereto and/or to any of its assets and undertaking in
                the same
                manner and scope and to the same extent and on the same basis as
                the
                Company has carried on business or enjoyed such rights prior to the
                date
                of this Agreement, with the exception of the Content Distribution
                Agreement between the Company and the
                Purchaser and the agreements related thereto.

            

    

     

    
      	
              24.2

            	
              So
                far as the Vendors
                are aware
                each of the Company’s contracts is valid and binding and no notice of
                termination of any such contract has been received or served by the
                Company. 

            

    

     

    
      	24.3	
              The
                Company is not a party to any contract
                which:

            

    

    

    
      	
            	(a)	
              is
                not in the ordinary course of trading; or

            

    

    

    
      	 	
              (b)
                

            	
              is
                incapable of performance in accordance with its terms within six
                months of
                the date on which it was entered into or undertaken; or
                

            

    

    

    
      	 	
              (c)
                

            	
              requires
                an aggregate consideration payable by the Company in excess of US$
                50,000
                or 

            

    

    

    
      	 	
              (d)
                

            	
              involves
                the supply of goods the aggregate sales value of which will represent
                in
                excess of US$ 100,000; or 

            

    

    

    
      	24.4	
              The
                Company is not a party to any material contract which:
                

            

    

    

    
      	
            	(a)	
              are
                known by the Vendors
                so
                far as the Vendor is aware or by the Company to be likely to result
                in a
                loss to the Company on completion of performance; or
                

            

    

    

    
      	
            	(b)	
              so
                far as the Vendors
                are
                aware cannot readily be fulfilled or performed by the Company on
                time and
                without undue or unusual expenditure of money or effort; or
                

            

    

    

    
      	
            	(c)	
              so
                far as the Vendors
                are
                aware involves or is likely to involve obligations, restrictions,
                expenditure or
                receipts of an unusual, onerous or exceptional nature; or
                

            

    

    

    
      	
            	(d)	
              is
                a contract for the supply of assets to the Company on hire, lease,
                hire
                purchase, credit or deferred payment terms; or

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	(e)	
              is
                dependent on the guarantee or covenant of or security provided by
                any
                other person; or 

            

    

    

    
      	
            	(f)	
              is
                a contract for the sale of shares or assets comprising a business
                undertaking which contains warranties or indemnities under which
                the
                Company still has a remaining liability or obligation; or
                

            

    

    

    
      	
            	(g)	
              is
                in any way otherwise than in the ordinary course of the Company’s
                business. 

            

    

    

    
      	
              24.5

            	
              All
                material contracts of the Company have been made available for inspection
                in the Data Room. 

            

    

    

    
      	25.	
              Agencies,
                Joint Ventures 

            

    

    

    
      	25.1	
              The
                Company is not a party to any agency, distributorship or licensing
                agreement. 

            

    

     

    
      	
              25.2

            	
              The
                Company is not and has not agreed to become a member of any partnership
                or
                other unincorporated association, joint venture or consortium (other
                than
                recognized trade associations). 

            

    

     

    
      	26.	
              Anti-competitive
                Arrangements 

            

    

    

    
      	
              26.1

            	
              The
                Company is not a party to any agreement, arrangement, understanding
                and
                has not been included in any business practice in respect of which
                an
                anti-trust order has been made against the Company.
                

            

    

     

    
      	
              26.2

            	
              The
                Company is not a party to any agreement or arrangement and is not
                involved
                in any business practice in respect of which any request for information,
                statement of objections or similar matter has been received from
                any
                court, tribunal, governmental, national or supranational
                authority.

            

    

     

    
      	27.	
              Intellectual
                Property Rights 

            

    

    

    
      
        	27.1	
                The
                  Vendors
                  have
                  received no notice of any claim that the activities of the Company
                  infringe any Intellectual Property of any third party in any material
                  respect. 

              

      

    

     

    
      	27.2	
              Save
                as may appear from the Listed Intellectual Property Agreements, no
                person
                has been authorized to make any use whatsoever of any Intellectual
                Property and the Company does not use any Intellectual Property in
                respect
                of which any third party has any right, title or interest.
                

            

    

     

    
      	27.3	
              Save
                in respect of Intellectual Property used by the Company under licence
                from
                third parties, as may appear from the Listed Intellectual Property
                Agreements, the Company is the sole legal and beneficial owner free
                from
                encumbrances of the Intellectual Property and owns no other Intellectual
                Property material to the operation of its Business.
                

            

    

     

    
      	27.4	
              All
                the Intellectual Property owned or used by the Company is valid and
                enforceable. 

            

    

     

    
      	27.5	
              None
                of the Intellectual Property is to the best knowledge of the Vendors
                being
                used, claimed, applied for, opposed or attacked by any person.
                

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
       

      
        	
                27.6

              	
                The
                  Vendors
                  are
                  not aware
                  of any infringement of the Intellectual Property or of any rights
                  relating
                  to it by any person.

              
	 	 
	
                27.7

              	
                Confidential
                  information and know-how used by the Company is kept strictly
                  confidential. The Company has not disclosed (except in the ordinary
                  course
                  of its business) any of its know-how, trade secrets or customer
                  lists to
                  any other person.

              
	 	 
	
                27.8

              	
                If
                  required to do so, the Company has notified any processing of personal
                  data to the Swedish Data Inspection
                  Board (Sw. Datainspektionen)
                  in accordance with the Swedish Personal Data Act (Sw. personuppgiftslagen)
                  and has also in all other aspects complied with the data protection
                  principles set out in such Act.

              
	 	 
	
                28.

              	
                Information
                  Technology

              
	 	 
	
                28.1

              	
                The
                  Company is validly licensed to use all third party software (which
                  the
                  Company does not own or did not develop) comprised in the IT System
                  and
                  used in connection with the Business and no action will be necessary
                  to
                  enable use of such software to continue to the same extent and
                  in the same
                  manner as they have been used prior to the date hereof. All royalties
                  and
                  other payments due under the licences for such software have been
                  paid
                  when due and the Company is not in breach of any obligations owed
                  under
                  such licences.

              
	 	 
	
                28.2

              	
                The
                  Company is the developer and owner of the Source Code (need to
                  define
                  this) and there are no liens, encumbrances, pledges, or mortgages
                  on said
                  Source Code, except as provided in the Disclosure
                  Schedule.

              
	 	 
	
                28.3

              	
                The
                  IT System:

              
	 	 
	 	
                    (a)    

              	
                for
                  the period of 18 months directly prior to the date hereof has not
                  materially interrupted or hindered the running or the operation
                  of the
                  Company’s Business and has been adequate to enable the Company to conduct
                  its Business.

              
	 	
                    (b)    

              	
                any
                  business critical software and bespoke software is owned and operated
                  by
                  and is under the control of the Company and is not dependent on
                  any
                  facilities which are not under the ownership, operation or control
                  of the
                  Company.

              
	 	 
	
                28.4

              	
                So
                  far as the Vendors
                  are
                  aware, the Company has available to it sufficiently competent and
                  trained
                  employees to ensure proper handling, operation, monitoring and
                  use of the
                  IT System and the IT System has been in all material respects maintained
                  and supported.

              
	 	 
	
                28.5

              	
                the
                  Company has all necessary rights in respect of the software elements
                  of
                  the IT System to enable it to modify or procure modification of
                  such
                  software (other than commercial off the shelf software) without
                  undue
                  expense or delay.

              
	 	 
	
                28.5

              	
                The
                  IT Contracts include disaster recovery contracts which will enable
                  the IT
                  System and the data held on the IT System, to be recovered, repaired
                  and/or replaced without material disruption to the
                  Business.

              
	 	 
	
                28.6

              	
                There
                  are adequate procedures and facilities in place to ensure the internal
                  and
                  external security of the IT System

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                28.7

              	
                The
                  Company owns, and is in possession and control of, original copies
                  of all
                  the manuals and technical documents required to operate the IT
                  System.

              
	 	 
	
                28.8

              	
                The
                  Vendors
                  have
                  not
                  received notice of and is not aware of any circumstances including,
                  without limitation, execution of this Agreement which would enable
                  any
                  third party to terminate any of the IT Contracts or any arrangements
                  pursuant to which any element of the IT System has been made available
                  by
                  any third party.

              
	 	 
	
                28.9

              	
                The
                  IT System has the ability to process date information including
                  accepting
                  date input, providing accurate date output and performing accurate
                  calculations involving dates or portions of dates.

              
	 	 
	
                28.10

              	
                The
                  Company is the sole current registered owner of all domain names
                  used by
                  the Company.

              
	 	 
	
                29.

              	
                Property

              
	 	 
	
                29.1

              	
                The
                  particulars of the Properties shown in Schedule 2 are true and
                  accurate.

              
	 	 
	
                29.2

              	
                The
                  Properties are the only properties used
                  or occupied by the Company in connection with the
                  Business.

              
	 	 
	
                29.3

              	
                The
                  Company has not in relation to any of the Properties granted rights
                  to any
                  third party or parties to occupy any Property.

              
	 	 
	
                29.4

              	
                So
                  far as the Vendors are aware none of the landlords have issued
                  any written
                  notices of breach in respect of the covenants, conditions and agreements
                  contained in the leases relating to the Properties and there are
                  no
                  breaches of the leases pursuant to which the properties are held
                  (including, without limitation, the obligation to keep the Properties
                  in a
                  good state of repair and condition).

              
	 	 
	
                29.5

              	
                The
                  Company is solely legally and beneficially entitled to the lease
                  interest
                  in each of the Properties as set out in Schedule 2 to this Agreement
                  and
                  holds each of the Properties free from any mortgage or charge,
                  encumbrance, exception, reservation, lease, tenancy, licence, easement,
                  quasi-easement, or privilege (or agreement for any of the same)
                  in favour
                  of a third party.

              
	 	 
	
                29.6

              	
                The
                  current use of each of the Properties complies in all respects
                  with all
                  relevant statutes and regulations, and is duly authorized pursuant
                  to
                  planning legislation. Not relevant for the lessee.

              
	 	 
	
                29.7

              	
                The
                  leases pursuant to which the Properties are held are valid and
                  subsisting.

              
	 	 
	
                29.8

              	
                Except
                  in relation to the Properties, the Company has no liabilities (actual
                  or
                  contingent) arising out of the conveyance, transfer, lease, tenancy,
                  licence or other document relating to land or premises or an interest
                  in
                  land or premises, including, without limitation, leased premises
                  assigned
                  or otherwise disposed of.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                30.

              	
                Particulars
                  of Employees

              
	 	 
	
                30.1

              	
                The
                  terms of employment (including particulars of benefits and emoluments
                  the
                  redundancy scheme and the individual bonuses) of all categories
                  of
                  Employees are contained in the Data Room or Disclosed.

              
	 	 
	
                30.2

              	
                None
                  of the senior Employees of the Company or the sales staff has given
                  notice
                  to terminate their employment, in the last six months. None of
                  the senior
                  Employees or sales staff is under notice of dismissal.

              
	 	 
	
                30.3

              	
                There
                  is no scheme in operation by the Company under which any employee
                  is
                  entitled to profit sharing, bonuses or for incentive payments or
                  commission, except as set out in Schedule 30.3 attached to the
                  Disclosure
                  Schedule.

              
	 	 
	
                30.4

              	
                The
                  Company has not failed to a material degree to comply with all
                  relevant
                  employment legislation and laws.

              
	 	 
	
                31.

              	
                Employee
                  Benefits

              
	 	 
	
                31.1

              	
                All
                  equity incentive arrangements of the Company have been Disclosed.

              
	 	 
	
                31.2

              	
                No
                  assurance or undertaking as to the continuance, introduction or
                  increase
                  in equity incentive benefits has been given by the Company or any
                  member
                  of the Vendors’ Group to any employee of the Company.

              
	 	 
	
                31.3

              	
                The
                  Company does not have any stock or share plans.

              
	 	 
	
                31.4

              	
                The
                  Company has the Pension and Sick Insurance Plans in place for the
                  Employees set out in Schedule 31.4 to the Disclosure
                  Schedule

              
	 	 
	
                31.5

              	
                The
                  Company not does owe any Employees for any governmental or other
                  pension
                  or insurance program for any time period prior to the Completion
                  Date.

              
	 	 
	
                32.

              	
                Disputes
                  and Collective Agreements

              
	 	 
	
                32.1

              	
                There
                  is not currently occurring or so far as the
                  Vendors
                  are
                  aware threatened, and during the twelve months preceding the date
                  of this
                  Agreement there has not been any collective industrial action,
                  whether
                  official or unofficial, affecting the Company in any material
                  respect.

              
	 	 
	
                32.2

              	
                The
                  Company is not a party to any collective agreement, dismissal procedures
                  agreement or union membership agreement.

              
	 	 
	
                32.3

              	
                There
                  is no outstanding or threatened claim by any person who is now
                  or has been
                  an employee of the Company or was engaged by the Company on a
                  self-employed basis or was supplied to the Company by an agency
                  or any
                  dispute outstanding with any of the said persons or with any unions
                  or any
                  other body representing all or any of them in relation to their
                  employment
                  by the Company or as far as the Vendors
                  are
                  aware of any circumstances likely to give rise to any such
                  dispute.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                33.

              	
                Insurance

              
	 	 
	 	
                A
                  summary of all the principal insurances taken out by the Company
                  and by
                  the Vendors
                  for the benefit of the Company are in the Data Room
                  and are annexed to the Disclosure Letter, the premiums on such
                  insurances
                  have been paid and there are no material claims outstanding under
                  such
                  insurances. All such policies are in force.

              
	 	 
	
                34.

              	
                Tax
                  Warranties—General

              
	 	 
	
                34.1

              	
                All
                  returns in the last five years relating to Taxes for the Company
                  which
                  were required to be filed or otherwise made have been filed and
                  none of
                  such returns has been disputed by or contains material issues raised
                  by
                  any taxing or other competent regulatory authority.

              
	 	 
	
                34.2

              	
                The
                  Company has paid all Taxes in the last five years which it has
                  become
                  liable to pay and which were due for payment and is not under any
                  liability to pay any penalty or interest in connection with any
                  claim for
                  Taxes.

              
	 	 
	
                34.3

              	
                No
                  material dispute with the Swedish Tax Agency (Sw. Skatteverket)
                  or any other relevant authority is outstanding and no outstanding
                  notices,
                  demands or assessments have been received by or on behalf of the
                  Company
                  from or on behalf of the said Commissioners or
                  authority.

              
	 	 
	
                34.4

              	
                The
                  Company is a duly registered and taxable person for value added
                  tax
                  purposes.

              
	 	 
	
                34.5

              	
                The
                  Company is and always has been resident for Tax purposes only in
                  Sweden
                  and has no permanent establishment, branch or taxable presence
                  outside
                  Sweden.

              
	 	 
	
                34.6

              	
                Proper
                  provision or reserve has been made in the Accounts for all Tax
                  liable to
                  be assessed on the Company or for which it is accountable in respect
                  of
                  income, profits or gains earned, accrued or received on or before
                  the
                  Accounts Date and any event on or before the Accounts Date including
                  distributions made down to such date or provided for in the
                  Accounts.

              
	 	 
	
                34.7

              	
                The
                  Company has kept and preserved all such records and information
                  as may be
                  needed to enable it to deliver correct and complete returns for
                  its
                  accounting periods.

              
	 	 
	
                34.8

              	
                All
                  payments by the Company to any person which ought to have been
                  made under
                  deduction of Tax have been so made and the Company has (if required
                  by law
                  to do so) provided certificates of deduction to such person and
                  accounted
                  to the Swedish Tax Agency for the Tax so deducted.

              
	 	 
	
                35.

              	
                Anti-avoidance

              
	 	 
	
                35.1

              	
                The
                  Company has not at any time entered into or been a party to a transaction
                  or series of transactions the purpose or one of the main purposes
                  of which
                  was the avoidance of Tax which is in conflict with the Swedish
                  tax
                  avoidance act.

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                36.

              	
                Social
                  security contributions

              
	 	 
	 	
                The
                  Company has paid all social security contributions for which it
                  is liable
                  and has kept proper books and records relating to the same and
                  has not
                  been a party to any scheme or arrangement to avoid any liability
                  to
                  account for social security contributions.

              
	 	 
	
                37.

              	
                Value
                  added Tax

              
	 	 
	
                37.1

              	
                The
                  Company:

              
	 	 
	 	
                (a)

              	
                has
                  complied in all material respects with all statutory provisions
                  relating
                  to VAT ("VAT legislation"); and

              
	 	 	 
	 	
                (b)

              	
                maintains
                  all necessary records for the purposes of VAT
                  legislation.

              
	 	 
	 	 
	
                38.

              	
                Full
                  Disclosure

              
	 	 
	 	
                Neither
                  the Warranties set forth in this Agreement nor the related Disclosures
                  contain any misstatement of a material fact or omit to state a
                  material
                  fact necessary to prevent the statements made therein from being
                  misleading and neither has any material information not been Disclosed
                  necessary to enable the Purchaser to make an informed decision
                  in respect
                  of the contemplated transaction.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      SCHEDULE
        4 

      

      OBLIGATIONS
        OF COMPANY OR VENDORS’
        GROUP

       

      Part
        A. Shareholder/Director Loans to the Company 

      

        
          	
                  Henrik
                    Eklund:

                	
                  SEK1,900,000
                    (Plus accrued Interest as at 18
                    May, 2008)

                
	 	 
	
                  Stella
                    Advisors AB:

                	
                  SEK1,000,000
                    (Plus accrued Interest as at 18 May, 2008)

                
	 	 
	
                  Lövgren
                    & Partners:

                	
                  SEK1,000,000
                    (Plus accrued Interest as at 18 May,
                    2008)

                

        

      

       

      Part
        B. Other Indebtedness of the Company

      

        
          	
                  Almi
                    Loan:

                	
                  SEK1,500,000
                    (Plus accrued Interest as at 18 May, 2008)

                
	 	 
	
                  Almi
                    Loan:

                	
                  SEK2,000,000
                    (Plus accrued Interest as at 18 May,
                    2008)

                

        

      

       

      Part
        C. Vendors’
        Group Obligations 

       

      Content
        Distribution Agreement: US$300,000 (Plus accrued Interest as at 18 May, 2008)
        

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        SCHEDULE
          5

         

        COMPLETION

         

        PART
          A 

         

        1.  
          Vendors’
          Obligations 

         

        On
          Completion, the Vendors
          shall
          deliver to the Purchaser: 

        

        
          	
                  1.1
                    

                	
                  the
                    share certificates (or an express indemnity in the case of any
                    found to be
                    missing)
                    representing the Sale Shares duly endorsed to the Purchaser;
                    

                

        

        

        
          	
                  1.2
                    

                	
                  the
                    Company’s shareholders’ register (Sw.
                    aktiebok);
                    

                

        

        

        
          	
                  1.3 

                	
                  the
                    written resignations,
                    in
                    the form attached hereto, as Appendix A, of
                    all the resigning directors of the Company from their respective
                    offices,
                    such resignations to take effect from Completion waiving all
                    claims
                    against the Company to the reasonable satisfaction of the Purchaser
                    and
                    stating that these directors will not exercise their formal authority
                    to
                    represent the Company; 

                

        

        

        
          	
                  1.4

                	
                  duly
                    executed Employment Agreements between the Key Personnel and
                    the Company
                    as per the Agreed Form attached hereto as Schedule
                    7;

                

        

        

        
          	
                  1.5

                	
                  powers
                    of attorney,
                    in Appendix C,
                    issued in favour of persons appointed by the
                    Purchaser.

                

        

         

        PART
          B 

         

        
          	
                  2.1

                	
                  On
                    Completion
                    or
                    as soon as possible thereafter,
                    the Purchaser shall hold an extra-ordinary shareholders’ meeting and a
                    board meeting in the Company to appoint new directors and auditors
                    and to
                    appoint company signatories. The Purchaser shall procure
                    that the documentation immediately
                    is
                    submitted to the Swedish Companies Registration Office (Sw. Bolagsverket).
                    

                

        

        

        
          	
                  2.2

                	
                  The
                    Purchaser covenants the Purchaser shall hold an extra-ordinary
                    shareholders’ meeting (Sw.
                    Andra kontrollstämma)
                    in the Company within two (2) weeks after Signing Date at which
                    balance
                    sheet (Sw.
                    den andra kontrollbalansräkningen)
                    together with the auditor’s report shall be
                    approved.

                

        

        

        
          	
                  2.3

                	
                  The
                    Purchaser covenants that the next annual shareholders’ meeting of the
                    Company will pass the necessary resolutions whereby the present
                    directors
                    will be discharged from liability with respect to their administration
                    of
                    the Company’s affairs, provided, however, that the Company’s auditors will
                    approve such discharge from
                    liability.

                

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        SCHEDULE
          6

         

        LIMITATIONS
          ON LIABILITY

         

        1.  
          Limitation on Quantum and General 

        

        1.1 The
          Vendors’ liability under the Warranties is several and not joint. The
          total
          aggregate liability of each
          Vendor
in
          Vendors
          Group for
          any
          liability under this Agreement in respect of the Warranties and claims
          in
          respect of Tax shall be equal to its proportionate share (equal to the
          number of
          shares sold by it in relation to the total number of shares sold) of
the
          amount of US$ 1,500,000. 

         

        1.2  The
          Vendors shall not be liable for damages unless the aggregated amount of
          all
          claims exceeds US$75,000, in which case only the excess shall be recoverable.
          Furthermore, the Purchaser shall not be entitled to compensation for any
          individual claim which is less than US$10,000 and such amount shall not
          be taken
          into account when establishing the above threshold of US$75,000. 

         

        1.3 The
          Vendors
          shall
          only be liable for damages, whether in respect of a Claim or a Claim in
          respect
          of Tax, arising out of or caused by matters existing on or before the Completion
          Date and relating to the period prior to the Completion Date. 

         

        1.4 The
          Vendors shall not be liable for any claim which arises out of any consequential,
          indirect, special or incidental damage or loss of profit, revenue or
          goodwill.

         

        2.  
          Time Limits For Bringing Claims 

         

        2.1 Subject
          to paragraphs 2.2 and 5 no Claim shall be brought against the Vendors
          unless
          the Purchaser has given to the Vendors written notice of such claim specifying
          such reasonable details as are available to the Purchaser (the “Claim Notice”)
          on or before the date falling 12 
          months
          after the date of this Agreement. For the avoidance of doubt in the event
          of a
          Claim arising,
          the
          Purchaser must also observe the terms of Clause 22.2 of this Agreement,
          such
          that the Parties
          must
          also
          have participated in mediation from the date of the Claim Notice being
          issued.
Any
          such
          Claim which may be made, which has not been previously satisfied, settled
          or
          withdrawn, shall be deemed to have been withdrawn six (6) months subsequent
          to
          when the Claim was made, unless legal proceedings in respect thereof by
          then
          have been commenced against the Seller.

        

        2.2 Paragraph
          2.1 notwithstanding claims relating to Tax
          can be
          brought against the Vendors by the Purchaser by giving written notice to
          the
          Vendors of such claim specifying such reasonable details as are available
          to the
          Purchaser for as long as such claim can be legally imposed on the Purchaser
          or
          the Company by the Taxation Authority. 

         

        3.  
          Conduct of Litigation 

         

        
          	
                  3.1

                	
                  Upon
                    the Purchaser becoming aware of any assessment, claim, action
                    or demand
                    against it or any other matter likely to give rise to any Claim
                    (the
                    “Third
                    Party Claim”), the Purchaser shall:

                

        

        

        
          	 	
                  (a)

                	
                  as
                    soon as practicable notify the Vendors by
                    written notice as soon as it appears to the Purchaser that any
                    Third Party
                    Claim received may result in a Claim;

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	 	
                  (b)

                	
                  subject
                    to the Vendors indemnifying the Purchaser against any liability,
                    cost,
                    damage or expense which may be incurred in relation to the Third
                    Party
                    Claim,
                    at the request of the Vendors
                    and in the Vendors’ absolute discretion allow the Vendors to take the sole
                    conduct of such actions as in the Vendors’ reasonably held opinion but
                    taking into account the legitimate business interest of the Purchaser
                    the
                    Vendors
                    may deem appropriate in connection with the Third Party claim
                    in the name
                    of the Purchaser or any relevant company, including the right
                    to make any
                    counter claim available provided that such counter claim is caused
                    by the
                    same circumstances as the relevant Third Party Claim, and in
                    that
                    connection the Purchaser shall give or cause to be given to the
                    Vendors
                    (provided it does not cause undue interference to the conduct
                    of the
                    Business) all such assistance as the Vendors may reasonably require
                    in
                    avoiding, disputing, resisting, settling, compromising, defending
                    or
                    appealing any Third Party Claim and shall instruct such legal
                    or other
                    professional advisors as the Vendors may nominate to act on behalf
                    of the
                    Purchaser or any relevant company, as appropriate, to act in
                    accordance
                    with the Vendors’
                    instruction. The Purchaser shall give the Vendors or the Vendors’ duly
                    authorized representatives, full access to the personnel of the
                    Purchaser
                    and/or the Company, as the case may be, and to any relevant premises,
                    accounts, documents and records within their respective possession,
                    and to
                    take copies thereof, in order to enable the Vendors or the Vendors’
                    duly
                    authorized representatives, to examine the basis of any potential
                    Third
                    Party Claim and defend against such claim; and  

                

        

        

        
          	 	
                  (c)
                    

                	
                  make
                    no admission of liability, agreement, settlement or compromise
                    with any
                    third party in relation to any Third Party claim or adjudication
                    without
                    the prior written consent of the Vendors; (not to be unreasonably
                    withheld
                    or delayed). 

                

        

        

        
          	3.2	
                  In
                    connection with any such Third Party claim, the Vendors
                    shall: 

                

        

        

        
          	
                	(a)	
                  at
                    all times keep the Purchaser informed as to its intentions with
                    regard to
                    the Vendors’ conduct and any material action the
                    Vendors
                    proposes to take in respect of the Third Party Claim in order
                    to allow the
                    Purchaser sufficient time to consider the matter and consult
                    with the
                    Vendors
                    about the Third Party Claim, and the Vendors shall take reasonable
                    account
                    of any
                    proposals made by the Purchaser in connection with the Third
                    Party claim;
                    and 

                

        

        

        
          	
                	(b)	
                  make
                    no admission of liability, agreement, settlement or compromise
                    with any
                    third party in relation to any Third Party Claim or adjudication
                    without
                    the prior written consent of the Purchaser (not to be unreasonably
                    withheld or delayed). 

                

        

        

        
          	
                  3.3

                	
                  The
                    Vendors shall be entitled at any stage and at its absolute discretion
                    to
                    settle the Third Party Claim. 

                

        

         

        4.  
          No Liability if Loss is Otherwise Compensated For 

        

        
          	
                  4.1

                	
                  To
                    the extent that any payment is made by the Vendors to the Purchaser
                    in
                    respect of any Claim and the Company subsequently obtains a deduction
                    for
                    corporation tax purposes in respect of the whole or part of the
                    matter to
                    which such Claim relates then, to the extent that the payment
                    originally
                    made by the Vendors
                    did not reflect the availability of such deduction, the Vendors
                    shall be
                    entitled to reimbursement from the Purchaser of the amount of
                    corporation
                    tax saved as a result of the whole or part of such payment being
                    deductible for corporation tax purposes.

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	
                  4.2

                	
                  If,
                    in respect of any matter which would give rise to a Claim,
                    a
                    provision or allowance for the matter of the loss (whether as
                    a specific
                    reserve or as a general reserve) has been made in the accounts
                    of the
                    Company or the same is otherwise taken account of or reflected
                    in the
                    accounts of the Company, then no such matter will be the subject
                    of a
                    Claim. 

                

        

         

        5.  
          Recovery from Insurers and Other Third Parties 

         

        
          	
                  5.1

                	
                  If,
                    in respect of any matter which would give rise to a Claim, the
                    Purchaser
                    or the Company is entitled to claim under any policy of insurance,
                    then no
                    such matter shall be the subject of a Claim unless and until
                    the Purchaser
                    or the Company shall have made a claim against the insurers and
                    used all
                    reasonable endeavours to pursue such claim and any Claim shall
                    be reduced
                    by the amount recovered under such policy provided that the time
                    limit in
                    paragraph 2 shall not expire until six
                    (6) months after the insurance claim has been settled or determined.
                    

                

        

        

        
          	
                  5.2

                	
                  Where
                    the Purchaser or the Company is at any time entitled to recover
                    from some
                    other person any sum in respect of any matter giving rise to
                    a Claim the
                    Purchaser shall, subject to the Vendors
                    indemnifying the Purchaser or the relevant member of the Purchaser’s Group
                    against any cost, liability or expense in connection therewith,
                    take all
                    reasonable steps to enforce such recovery prior to taking action
                    against
                    the Vendors (other than to notify the Vendors of the Claim against
                    the
                    Vendors) and, in the event that the Purchaser or any member of
                    the
                    Purchaser’s Group shall recover any amount from such other person, the
                    amount of the Claim shall be reduced by the amount recovered
                    provided that
                    the Purchaser shall not be required to commence any legal proceedings
                    or
                    to take any action which would be materially prejudicial to the
                    goodwill
                    of the Business, provided that the time limit in paragraph 2
                    shall not
                    expire until 6
                    months after the claim against such other person has been settled
                    or
                    determined. 

                

        

        

        
          	
                  5.3

                	
                  If
                    the Vendors pays at any time to the Purchaser an amount pursuant
                    to a
                    Claim and the Purchaser or the Company subsequently recovers
                    from some
                    other person any sum in respect of any matter giving rise to
                    the Claim,
                    the Purchaser, shall repay to the Vendors the lesser of (i) the
                    amount
                    paid by the Vendors to the Purchaser plus interest; or (ii) the
                    sum
                    including interest (if any) recovered from such other person.
                    

                

        

         

        
          	
                  5.4

                	
                  For
                    the avoidance of doubt, references in this Paragraph 5 to amounts
                    recovered (and like expressions) are to the amounts so recovered
                    net of
                    the reasonable costs and expenses properly incurred in effecting
                    such
                    recovery. 

                

        

         

        6.  
          Acts of Purchaser 

         

        
          	6.1	
                  No
                    Claim shall lie against the Vendors to the extent that such claim
                    is
                    attributable to: 

                

        

         

        (a) any
          voluntary act, omission, transaction or arrangement carried out by the
          Purchaser
          or the Company on or after Completion which the Purchaser or the Company
          was
          aware or ought reasonably to have been aware would give rise to or increase
          the
          amount of a Claim; or 

         

        (b) any
          admission of liability made in breach of the provisions of this Schedule
          after
          the date of this Agreement by the Purchaser or the Company or on its behalf.
          

         

        
          	
                  6.2

                	
                  No
                    Claim shall lie against the Vendors to the extent that such Claim
                    is
                    attributable to any reorganization or change in ownership of
                    the Company
                    or its parent or of any assets of the Company after Completion
                    or change
                    in any accounting basis for valuing the Company’s assets or any accounting
                    basis, method, policy or practice which is different from that
                    adopted or
                    used in the preparation of the
                    Accounts. 

                

        

         

        7.  
          Retrospective Legislation 

         

        The
          Vendors shall not be liable for a breach of any Warranty or pursuant to
          or
          arising under or in connection with this Agreement to the extent that liability
          for such breach or under such indemnification occurs or is increased directly
          or
          indirectly as a result of any legislation not in force on or prior to the
          date
          of this Agreement or as a result of the withdrawal of any extra-statutory
          concession or other agreement or arrangement currently granted by or made
          with
          any governmental authority or Tax Authority or as a result of any change
          after
          the date of this Agreement of any generally accepted interpretation or
          application of any legislation or in the enforcement policy or practice
          of the
          relevant authorities or as a result of the withdrawal of any extra-statutory
          concession or any other formal agreement or arrangements with any Tax Authority
          (whether or not having the force of law) currently granted by or made with
          any
          Tax Authority. 

         

        8.  
          Recission

         

        Subject
          to Clause 4.1 (a) (i), other than in circumstances of fraud, the Purchaser
          shall
          not be entitled to rescind or repudiate this Agreement (whether in respect
          of a
          breach of Warranties or otherwise).

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        SCHEDULE
          7

        

        RETAINED
          EMPLOYEES 

        

        Henrik
          Eklund

        Dan
          Willstrand

        Ola
          Scholander

        Mats
          Ekholm

        Fatima
          Churgi

        Carola
          Karlsson

        Linda
          Bernström

        Anna
          Lundström-Gars

        David
          Ljunggren

        Carl
          Hagström

        Anders
          Berglund

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        SCHEDULE
          8

        

        DISCLOSURE
          LETTER

         

        THE
          WARRANTIES 

         

        Note
          to Vendors: if there is no disclosure to be made with regard to a particular
          representation or warranty, please indicate that this is the case by
          writing“no
          disclosure” in
          the
          disclosure column (to be filled in at Completion).

        
          

            
              	
                      Representation
                        and Warranty Section Number

                    	 	
                      Disclosure

                    
	 	 	
                      (If
                        none, please write “No Disclosure.”)

                    
	
                      1.
                        Due Incorporation and Capacity

                       

                    	 	 
	
                      2.
                        Valid Obligations

                       

                    	 	 
	
                      3.
                        The Company

                       

                    	 	 
	
                      4.
                        Incorporation

                       

                    	 	 
	
                      5.
                        Articles of Association

                       

                    	 	 
	
                      6.
                        Ownership of the Shares

                       

                    	 	 
	
                      6.1
                        

                       

                    	 	 
	
                      6.2

                       

                    	 	 
	
                      6.3

                       

                    	 	 
	
                      6.4

                       

                    	 	 
	
                      7.
                        Subsidiaries

                       

                    	 	 
	
                      7.1

                       

                    	 	 
	
                      7.2

                       

                    	 	 
	
                      8.
                        Liabilities owing to or by Vendors

                       

                    	 	 
	
                      9.
                        Compliance with Laws

                       

                    	 	 
	
                      10.
                        Books and Records

                       

                    	 	 
	
                      10.1
                        

                    	 	 

            

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

            
              	
                      10.2

                       

                    	 	 
	
                      10.3

                       

                    	 	 
	
                      11.
                        Accounts

                       

                    	 	 
	
                      11.1
                        The Accounts

                       

                    	 	 
	
                      (a)

                       

                    	 	 
	
                      (b)
                        

                       

                    	 	 
	
                      11.2
                        Operating Profit

                       

                    	 	 
	
                      11.3
                        Provision for liabilities

                       

                    	 	 
	
                      11.4
                        Assets and charges

                       

                    	 	 
	
                      (a)

                       

                    	 	 
	
                      (b)

                       

                    	 	 
	
                      (c)

                       

                    	 	 
	
                      11.4
                        Third Party Loans/Obligations

                       

                    	 	
                      See
                        Schedule 4

                       

                    
	
                      12.
                        Returns

                       

                    	 	 
	
                      13.
                        Position since Accounts Date

                       

                    	 	 
	
                      (a)

                       

                    	 	 
	
                      (b)

                       

                    	 	 
	
                      (c)

                       

                    	 	 
	
                      (d)

                       

                    	 	 
	
                      (e)

                       

                    	 	 
	
                      (f)

                       

                    	 	 
	
                      (g)

                       

                    	 	 
	
                      (h)

                       

                    	 	 
	
                      (i)

                       

                    	 	 
	
                      (j)

                    	 	 

            

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

            
              	
                      (k)

                       

                    	 	 
	
                      (l)

                       

                    	 	 
	
                      14.
                        Compliance with Statutes

                       

                    	 	 
	
                      14.1

                       

                    	 	 
	
                      14.2

                       

                    	 	 
	
                      15.
                        Insider Contracts

                       

                    	 	 
	
                      15.1

                       

                    	 	 
	
                      (a)

                       

                    	 	 
	
                      (b)

                       

                    	 	 
	
                      (c)

                       

                    	 	 
	
                      (d)

                       

                    	 	 
	
                      (e)

                       

                    	 	 
	
                      15.2

                       

                    	 	 
	
                      15.3

                       

                    	 	 
	
                      16.
                        Litigation

                       

                    	 	 
	
                      16.1

                       

                    	 	 
	
                      16.2

                       

                    	 	 
	
                      16.3

                       

                    	 	 
	
                      17.

                       

                    	 	 
	
                      17.1

                       

                    	 	 
	
                      (a)

                       

                    	 	 
	
                      (b)

                       

                    	 	 
	
                      (c)

                       

                    	 	 
	
                      17.2

                       

                    	 	 

            

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

            
              	
                      18.
                        Environmental Matters

                       

                    	 	 
	
                      18.1

                       

                    	 	 
	
                      18.2

                       

                    	 	 
	
                      18.3

                       

                    	 	 
	
                      18.4

                       

                    	 	 
	
                      19.
                        Health and Safety

                       

                    	 	 
	
                      19.1

                       

                    	 	 
	
                      19.2

                       

                    	 	 
	
                      20.
                        Insolvency

                       

                    	 	 
	
                      20.1

                       

                    	 	 
	
                      20.2

                       

                    	 	 
	
                      21.
                        Suppliers and Customers

                       

                    	 	 
	
                      21.1

                       

                    	 	 
	
                      22.
                        Defective Products

                       

                    	 	 
	
                      23.
                        Regulatory 

                       

                    	 	 
	
                      23.1

                       

                    	 	 
	
                      23.2

                       

                    	 	 
	
                      23.3

                       

                    	 	 
	
                      24.
                        Contracts

                       

                    	 	 
	
                      24.1

                       

                    	 	 
	
                      24.2

                       

                    	 	 
	
                      24.3

                       

                    	 	 
	
                      (a)

                       

                    	 	 
	
                      (b)

                       

                    	 	 
	
                      (c)

                       

                    	 	 
	
                      (d)

                       

                    	 	 

            

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

            
              	
                      24.4
                        The Company is not a party to any material contract
                        which:

                       

                    	 	 
	
                      (a)

                       

                    	 	 
	
                      (b)

                       

                    	 	 
	
                      (c)

                       

                    	 	 
	
                      (d)

                       

                    	 	 
	
                      (e)

                       

                    	 	 
	
                      (f)

                       

                    	 	 
	
                      (g)

                       

                    	 	 
	
                      24.5
                        

                       

                    	 	 
	
                      25.
                        Agencies, Joint Ventures

                       

                    	 	 
	
                      25.1

                       

                    	 	 
	
                      25.2

                       

                    	 	 
	
                      26.
                        Anti-competitive Arrangements

                       

                    	 	 
	
                      26.1

                       

                    	 	 
	
                      26.2

                       

                    	 	 
	
                      27.
                        Intellectual Property Rights

                       

                    	 	 
	
                      27.1

                       

                    	 	 
	
                      27.2

                       

                    	 	 
	
                      27.3

                       

                    	 	 
	
                      27.4

                       

                    	 	 
	
                      27.5

                       

                    	 	 
	
                      27.6

                       

                    	 	 
	
                      27.7

                       

                    	 	 
	
                      27.8

                       

                    	 	 

            

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

            
              	
                      28.
                        Information Technology

                       

                    	 	 
	
                      28.1

                       

                    	 	 
	
                      28.2

                       

                    	 	 
	
                      28.3

                       

                    	 	 
	
                      (a)

                       

                    	 	 
	
                      (b)

                       

                    	 	 
	
                      28.4

                       

                    	 	 
	
                      28.5

                       

                    	 	 
	
                      28.6

                       

                    	 	 
	
                      29.7

                       

                    	 	 
	
                      28.8

                       

                    	 	 
	
                      28.9

                       

                    	 	 
	
                      28.10

                       

                    	 	 
	
                      29.
                        Property

                       

                    	 	 
	
                      29.1

                       

                    	 	 
	
                      29.2

                       

                    	 	 
	
                      29.3

                       

                    	 	 
	
                      29.4

                       

                    	 	 
	
                      29.5

                       

                    	 	 
	
                      29.6

                       

                    	 	 
	
                      29.7

                       

                    	 	 
	
                      29.8

                       

                    	 	 
	
                      30.
                        Particulars of Employees

                       

                    	 	 
	
                      30.1

                       

                    	 	 
	
                      30.2

                       

                    	 	 
	
                      30.3

                       

                    	 	
                      See
                        Attached Schedule 30.3 to this Disclosure Schedule for Company
                        Bonus
                        Model

                       

                    

            

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

            
              	
                      30.4

                       

                    	 	 
	
                      31.
                        Employee Benefits

                       

                    	 	 
	
                      31.1

                       

                    	 	 
	
                      31.2

                       

                    	 	 
	
                      31.3

                       

                    	 	 
	
                      3.14

                       

                    	 	
                      See
                        Attached Schedule 31.4 to this Disclosure Schedule for Company
                        Pension
                        Plans and Sick Insurance

                       

                    
	
                      32.
                        Disputes and Collective Agreements

                       

                    	 	 
	
                      32.1

                       

                    	 	 
	
                      32.2

                       

                    	 	 
	
                      32.3

                       

                    	 	 
	
                      33.
                        Insurance

                       

                    	 	 
	
                      34.
                        Tax Warranties-General

                       

                    	 	 
	
                      34.1

                       

                    	 	 
	
                      34.2

                       

                    	 	 
	
                      34.3

                       

                    	 	 
	
                      34.4

                       

                    	 	 
	
                      34.5

                       

                    	 	 
	
                      34.6

                       

                    	 	 
	
                      34.7

                       

                    	 	 
	
                      34.8

                       

                    	 	 
	
                      35.
                        Anti-avoidance

                       

                    	 	 
	
                      36.
                        Social Security Contributions

                       

                    	 	 
	
                      37.
                        Value Added Tax 

                       

                    	 	 
	
                      37.1

                       

                    	 	 

            

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

             

            
              	
                      37.2

                       

                    	 	 
	
                      38.
                        Full Disclosure

                    	 	 

            
 

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

        

         

        SCHEDULE
          9 

         SHARE
          PURCHASE AGREEMENT

        

        Minority
          Seller

        

        By
          signing this Accession and Share Purchase Agreement (the “Agreement”),
          [DETAILS OF THE MINORITY SELLER, SUCH AS NAME, /PERSONAL IDENTIFICATION
          NUMBER],
          the “Minority
          Seller“
hereby
          agrees to transfer to KIT digital, Inc. (the “Purchaser”)
          all its
          shares in Kamera Content AB (the “Company”),
          subject to the Completion of the transaction contemplated in the share
          purchase
          agreement entered into by and among the Purchaser and the Majority Shareholders
          on May
          19,
          2008
          (the “SPA”).
          

        

          
            	
                    1.

                  	
                    Sale
                      and Purchase of Shares

                  
	 	 
	 	
                    The
                      Minority Seller agrees to sell all shares that it holds in
                      the Company (in
                      total [INSERT NUMBER] shares) (the “Sale Shares”) to the Purchaser on the
                      following terms and conditions.

                  
	 	 
	
                    2.

                  	
                    Consideration
                      and completion

                  
	 	 
	 	
                    Section
                      3.1 – 3.4 and 3.6 and Section 4 in the SPA, will apply to the
                      transfer of the Sale Shares under this Agreement and are hereby
                      incorporated by reference into this Agreement.

                  
	 	 
	
                    3.

                  	
                    Representations
                      and Warranties

                  
	 	 
	 	
                    Subject
                      to the qualifications and limitations set forth in this Agreement,
                      the
                      Minority Seller hereby warrants and represents as
                      follows;

                  
	 	 
	 	 	
                    (i)

                  	
                    the
                      Minority Seller has full power and authority to enter into
                      this Agreement
                      and each other document or instrument delivered in connection
                      herewith and
                      to carry out the transactions contemplated hereby;

                  
	 	 	 	 
	 	 	
                    (ii)

                  	
                    any
                      documents or instruments executed by the Minority Seller or
                      its lawful
                      attorney in connection with this Agreement have been duly authorised
                      and
                      constitute binding obligations of, and are enforceable against,
                      the
                      Minority Seller in accordance with their respective terms,
                      

                  
	 	 	 	 
	 	 	
                    (iii)

                  	
                    that
                      it owns the Sale Shares set out next to its name in Schedule
                      1 Part C
                      ,
                      and such Sale Shares have been validly issued and fully paid
                      and will be
                      free and clear of all charges, liens and other encumbrances
                      at the Signing
                      Date, and 

                  
	 	 	 	 
	 	 	
                    (iv)

                  	
                    there
                      are no outstanding obligations, warrants, options, pre-emptive
                      rights or
                      other agreements to which any of the Minority Sellers or the
                      Company is a
                      party or otherwise bound, providing for the issuance of any
                      additional
                      shares in the Company or for the purchase, repurchase, redemption
                      or other
                      acquisition of the Sale Shares in the
                      Company.

                  

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

          
            	 	 	
                    (v)

                  	
                    There
                      is no dispute concerning the title of the Minority Seller to
                      the Sale
                      Shares or its ability to sell the same and no other person
                      has claimed to
                      have title to the same or to be entitled to any interest therein.
                      The
                      Minority Seller is not engaged in any litigation, arbitration
                      or other
                      proceedings in any way relating to its title to the Sale Shares,
                      and the
                      Company has not received any application for the rectification
                      of its
                      register of members. To the best of the knowledge, information
                      and belief
                      of the Minority Seller, there are no circumstances likely to
                      give rise to
                      any of the matters referred to in this paragraph. 

                  
	 	 
	
                    4.
                      

                  	
                    Miscellaneous

                  
	 	 
	
                    4.1

                  	
                    The
                      Minority Seller confirms that all amounts payable by the Purchaser
                      shall
                      be paid to Wistrand Advokatbyrå KB’s client account.

                  
	 	 
	
                    4.2

                  	
                    This
                      Agreement shall be governed by and construed in accordance
                      with Swedish
                      law without regard to its rules on conflict of law. 

                  
	 	 
	
                    4.3

                  	
                    The
                      Parties
                      will attempt in good faith to negotiate a settlement to any
                      claim or
                      dispute between them arising out of or in connection with this
                      Agreement.
                      If the matter is not resolved by negotiation within 20 days
                      the
                      Parties
                      will refer the dispute to mediation in accordance with the
                      Rules of the
                      Mediation Institute of the Stockholm Chamber of Commerce (Mediation
                      Rules). Where the dispute is not solved by mediation, within
                      the period of
                      time prescribed by the Mediation Rules, the dispute shall be
                      finally
                      settled by arbitration at the Arbitration Institute of the
                      Stockholm
                      Chamber of Commerce. 

                  
	 	 
	
                    4.4

                  	
                    The
                      arbitral tribunal shall be composed of three (3) arbitrators.
                      The seat of
                      arbitration shall be Stockholm, Sweden. The language to be
                      used in the
                      arbitral proceedings shall be
                      English.

                  

          

        

         

         

          
            

          

        

        Place:

        Date:
          19
          May, 2008

        

        
          
 ...................
          (as the case may be), by power of attorney

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        SCHEDULE
          10

        

        EXISTING
          CLIENTS AND TURNOVER PER 1 APRIL2008

        [THIS
          SCHEDULE SHALL BE FINALISED AS PER COMPLETION]

        [The
          Vendors warrant the below list details all Customers retained by the Company
          per
          1 April, 2008 and the turnover from each Customer:

        

        
          	
                  CUSTOMERS
                    THAT EXISTED AS OF APRIL 1,
                    2008

                	 
	 	 	 	 
	
                  SEK
                    000s

                	 	
                  Turnover April 07-

                  March 08

                	 
	
                  20
                    Minuten

                	 	 	
                  502
                    

                	 
	
                  Aftonbladet

                	 	 	
                  152
                    

                	 
	
                  AP

                	 	 	
                  1,302
                    

                	 
	
                  Associated
                    Northcliff

                	 	 	
                  558
                    

                	 
	
                  Austria
                    Press Agentur

                	 	 	
                  233
                    

                	 
	
                  Axel
                    Springer

                	 	 	
                  313
                    

                	 
	
                  Belga
                    News Agency

                	 	 	
                  170
                    

                	 
	
                  CTK

                	 	 	
                  167
                    

                	 
	
                  Dagbladet

                	 	 	
                  185
                    

                	 
	
                  Dagens
                    Nyheter

                	 	 	
                  114
                    

                	 
	
                  Ericsson
                    SA

                	 	 	
                  32
                    

                	 
	
                  Expressen
                    

                	 	 	
                  778
                    

                	 
	
                  Europapress

                	 	 	
                  100
                    

                	 
	
                  FTV
                    

                	 	 	
                  245
                    

                	 
	
                  Geocell

                	 	 	
                  672
                    

                	 
	
                  Hjemmet

                	 	 	
                  355
                    

                	 
	
                  Hutchison
                    3G Austria

                	 	 	
                  226
                    

                	 
	
                  Irish
                    Times

                	 	 	
                  156
                    

                	 
	
                  MktMedia

                	 	 	
                  2,410
                    

                	 
	
                  MSN

                	 	 	
                  280
                    

                	 
	
                  Next
                    Media

                	 	 	
                  64
                    

                	 
	
                  O2
                    Gmbh

                	 	 	
                  23
                    

                	 
	
                  Onet

                	 	 	
                  287
                    

                	 
	
                  Orange
                    UK

                	 	 	
                  131
                    

                	 
	
                  Oriental
                    Press Group

                	 	 	
                  172
                    

                	 
	
                  Polkomtel

                	 	 	
                  98
                    

                	 
	
                  Popcorn

                	 	 	
                  5
                    

                	 
	
                  Simply
                    Media

                	 	 	
                  348
                    

                	 
	
                  Singapore
                    Press Holdings

                	 	 	
                  114
                    

                	 
	
                  Singapore
                    Telecome Mobile

                	 	 	
                  30
                    

                	 
	
                  Smartone

                	 	 	
                  466
                    

                	 
	
                  StarnetOne

                	 	 	
                  658
                    

                	 
	
                  Tele2

                	 	 	
                  923
                    

                	 
	
                  Telefonica

                	 	 	
                  5
                    

                	 
	
                  Telenor
                    Sverige

                	 	 	
                  719
                    

                	 
	
                  The
                    Press Association

                	 	 	
                  633
                    

                	 

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	
                  TV2
                    Interactive

                	 	 	
                  496
                    

                	 
	
                  UK
                    Metro

                	 	 	
                  138
                    

                	 
	
                  Verdens
                    Gang

                	 	 	
                  734
                    

                	 
	
                  Wirtualna

                	 	 	
                  584
                    

                	 
	
                  ZAO
                    kommersant

                	 	 	
                  60
                    

                	 
	
                  Astro
                    

                	 	 	
                  127
                    

                	 
	
                  Globe7

                	 	 	
                  114
                    

                	 
	
                  PGK
                    

                	 	 	
                  97
                    

                	 
	
                  Celcom
                    

                	 	 	
                  1
                    

                	 
	
                  IMImobile
                    

                	 	 	
                  8
                    

                	 
	
                  I
                    MP LTD 

                	 	 	
                  49
                    

                	 
	
                  Starhub
                    

                	 	 	
                  2
                    

                	 
	
                  Glamourfone

                	 	 	
                  9
                    

                	 
	
                  Guardian

                	 	 	
                  78
                    

                	 
	
                  Hello
                    magazine

                	 	 	
                  5
                    

                	 
	
                  Iltalehti

                	 	 	
                  14
                    

                	 
	
                  Ritzau

                	 	 	
                  72
                    

                	 
	
                  Aftenposten

                	 	 	
                  9
                    

                	 
	
                  APCOM

                	 	 	
                  33
                    

                	 
	
                  Joost

                	 	 	
                  1
                    

                	 
	
                  Axill
                    Europe

                	 	 	
                  13
                    

                	 
	
                  In
                    the Box

                	 	 	
                  73
                    

                	 
	
                  Léquipe

                	 	 	
                  32
                    

                	 
	
                  Perform
                    

                	 	 	
                  24
                    

                	 
	
                  Real

                	 	 	
                  24
                    

                	 
	
                  ROK

                	 	 	
                  24
                    

                	 
	
                  Roo
                    Media

                	 	 	
                  63
                    

                	 
	
                  Six
                    by Six

                	 	 	
                  13
                    

                	 
	
                  SNTV

                	 	 	
                  264
                    

                	 
	
                  Sportal
                    Australia

                	 	 	
                  13
                    

                	 
	
                  Sportsplaza

                	 	 	
                  14
                    

                	 
	
                  Stryx

                	 	 	
                  13
                    

                	 
	
                  Virgin
                    Media

                	 	 	
                  18
                    

                	 
	
                  Yahoo!
                    Hong kong

                	 	 	
                  13
                    

                	 
	
                  Yonhap

                	 	 	
                  95
                    

                	 
	 	 	 	
                  16,953
                    

                	 

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        SCHEDULE
          11

        PURCHASER’S
          DUE DILIGENCE REPORTS

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        APPENDIX
          A

        FORM
          OF
          RESIGNATIONS

        

        APPENDIX
          B

        FORM
          EMPLOYMENT AGREEMENT

        KEY
          PERSONNEL

        

        APPENDIX
          C

        POWER
          OF
          ATTORNEY

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]