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                                                                   Exhibit 10.46

                        EMPLOYMENT CONTINUATION AGREEMENT

THIS AGREEMENT between Sylvan Inc., a Nevada corporation (the "Company"), and
Gary D. Walker (the "Executive"), dated as of this 24th day of September, 2002.

                              W I T N E S S E T H:

WHEREAS, the Company believes that, in the event it is confronted with a
situation that could result in a change in ownership or control of the Company,
continuity of management will be essential to its ability to evaluate and
respond to such situation in the best interests of shareholders;

WHEREAS, the Company desires to assure itself of the Executive's services during
the period in which it is confronting such a situation, and to provide the
Executive with certain financial assurances to enable the Executive to perform
the responsibilities of the position without undue distraction and to exercise
judgment without bias due to personal circumstances;

WHEREAS, to achieve these objectives, the Company and the Executive desire to
enter into an agreement providing the Company and the Executive with certain
rights and obligations upon the occurrence of a Change of Control or Potential
Change of Control (as defined in Section 2);

NOW, THEREFORE, in consideration of the promises and mutual covenants herein
contained, and intending to be legally bound, it is hereby agreed by and between
the Company and the Executive as follows:

1.       OPERATION OF AGREEMENT.

         (a)      EFFECTIVE DATE. The effective date of this Agreement shall be
                  the date on which a Change of Control occurs (the "Effective
                  Date"), provided that, except as provided in Section 1(b), if
                  the Executive is not employed by the Company or an Affiliate
                  on the Effective Date, this Agreement shall be void and
                  without effect.

         (b)      TERMINATION OF EMPLOYMENT FOLLOWING A POTENTIAL CHANGE OF
                  CONTROL. Notwithstanding Section 1(a), if (i) the Executive's
                  employment is terminated by the Company or an Affiliate
                  without Cause (as defined in Section 6[c]) or by the Executive
                  with Good Reason (as defined in Section 6[d]) after the
                  occurrence of a Potential Change of Control and prior to the
                  occurrence of a Change of Control and (ii) a Change of Control
                  that arises out of such Potential Change of Control occurs
                  within 24 months of such termination, the Executive shall be
                  deemed, solely for purposes of determining the Executive's
                  rights under this Agreement, to have remained employed until
                  the Effective Date and to have been terminated by the Company
                  without Cause immediately after this Agreement becomes
                  effective.

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2.       DEFINITIONS.

         (a)      CHANGE OF CONTROL. For the purposes of this Agreement, a
                  "Change of Control" shall mean:

                  (i)      the acquisition by any individual, entity or group
                           (within the meaning of Section 13[d][3] or 14[d][2]
                           of the Securities Exchange Act of 1934, as amended
                           [the "Exchange Act"] or any successor rule thereto)
                           (a "Person") of beneficial ownership (within the
                           meaning of Rule 13d-3 promulgated under the Exchange
                           Act or any successor rule thereto) of securities or
                           interests of the Company entitling such Person to 51%
                           or more of the combined voting power of the then
                           outstanding voting securities of the Company entitled
                           to vote generally in the election of directors of
                           such company (the "Voting Power"); provided, however,
                           that for purposes of this subsection (i), the
                           following acquisitions shall not constitute or cause
                           a Change in Control: (A) any acquisition directly
                           from the Company following which the members of the
                           Board continue to be comprised of at least 62% of
                           Continuing Directors, (B) any acquisition by the
                           Company, or (C) any acquisition of beneficial
                           ownership of securities of the Company by any
                           employee benefit plan (or related trust) sponsored or
                           maintained by the Company or by any Affiliate; or

                  (ii)     completion of a tender offer to acquire securities of
                           the Company entitling the holders thereof to 51% or
                           more of the Voting Power of the Company, excepting
                           any acquisitions specified in subsection (i), above,
                           that do not constitute a Change of Control; or

                  (iii)    either a successful solicitation subject to Rule
                           14a-11 under the Exchange Act relating to the
                           election or removal of 39% or more of the members of
                           the Board made by any Person other than the Company
                           or less than 62% of the members of the Board shall be
                           Continuing Directors; or

                  (iv)     the occurrence of a merger, consolidation, share
                           exchange, division or sale or other disposition of
                           assets of the Company and, as a result of which, the
                           shareholders of the Company immediately prior to such
                           transaction do not hold, directly or indirectly,
                           immediately following such transaction a majority of
                           the Voting Power (A) in the case of a merger or
                           consolidation, in the surviving or resulting company,
                           (B) in the case of a share exchange, in the acquiring
                           company, or (C) in the case of a division or a sale
                           or other disposition of assets, in each surviving,
                           resulting or acquiring company which, immediately
                           following the transaction, holds more than 30% of the
                           consolidated assets of the Company immediately prior
                           to the transaction; or

                  (v)      any other transaction or series of transactions that
                           the Board, in its sole discretion, determines is a
                           Change of Control with respect to the Employee.

         (b)      BOARD. For purposes of this Agreement, "Board" shall mean the
                  Board of Directors of the Company.

         (c)      POTENTIAL CHANGE OF CONTROL. For the purposes of this
                  Agreement, a Potential Change of Control shall be deemed to
                  have occurred if:

                  (i)      a Person commences a tender offer (with adequate
                           financing) for securities representing at least 51%
                           of the Voting Power of the Company's securities or
                           announces or otherwise makes known a bona fide intent
                           to commence such a tender offer, excepting any offers
                           that, if completed, would result in an acquisition
                           not constituting a Change of Control; or

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                  (ii)     the Company enters into an agreement the consummation
                           of which would constitute a Change of Control; or

                  (iii)    there is commenced a solicitation of proxies for the
                           election of directors of the Company by anyone other
                           than the Company which solicitation, if successful,
                           would effect a Change of Control.

         (d)      CONTINUING DIRECTORS. For purposes of this Agreement,
                  "Continuing Directors" shall mean a director of the Company
                  who either (i) was a director of the Company immediately prior
                  to the Effective Date or (ii) is an individual whose election,
                  or nomination for election, as a director of the Company was
                  approved by a vote of at least two-thirds of the directors
                  then still in office who were Continuing Directors (other than
                  an individual whose initial assumption of office is in
                  connection with an actual or threatened election contest
                  relating to the election of directors of the Company which
                  would be subject to Rule 14a-11 under the Exchange Act).

         (e)      AFFILIATE. For purposes of this Agreement, "Affiliate" or
                  "Affiliates" shall mean any company or business which, by
                  reason of stock ownership or otherwise, is controlled,
                  directly or indirectly, by the Company.

3.       EMPLOYMENT PERIOD. Commencing on the Effective Date and subject to
         Section 6 of this Agreement, the Company agrees to continue the
         Executive in its or an Affiliate's employ, and the Executive agrees to
         remain in the employ of the Company or the Affiliate.

4.       POSITION AND DUTIES.

         (a)      NO REDUCTION IN POSITION. Commencing on the Effective Date,
                  the Executive's position (including titles), authority,
                  responsibilities and status shall be at least commensurate
                  with those held, exercised and assigned immediately prior to
                  the Effective Date. It is understood that, for purposes of
                  this Agreement, such position, authority, responsibilities and
                  status shall not be regarded as not commensurate merely by
                  virtue of the fact that a successor shall have acquired all or
                  substantially all of the business and/or assets of the Company
                  as contemplated by Section 10(b) of this Agreement. Unless the
                  Executive willingly elects otherwise, the Executive's services
                  shall be performed at the location where the Executive was
                  employed immediately preceding the Effective Date or any
                  office or location within 50 miles from such location.

         (b)      BUSINESS TIME. Commencing on the Effective Date, the Executive
                  agrees to devote full attention during normal business hours
                  to the business and affairs of the Company and to use his best
                  efforts to perform faithfully and efficiently the
                  responsibilities assigned to the Executive hereunder, to the
                  extent necessary to discharge such responsibilities, except
                  for (i) time spent in managing personal, financial and legal
                  affairs and serving on corporate, civic or charitable boards
                  or committees, in each case only if and to the extent not
                  substantially interfering with the performance of such
                  responsibilities, and (ii) periods of vacation and sick leave
                  to which the Executive is entitled.

5.       COMPENSATION.

         (a)      BASE SALARY. Commencing on the Effective Date, the Executive
                  shall receive a base salary at a monthly rate of $16,667, or,
                  if higher, the monthly salary paid to the Executive by the
                  Company and its Affiliates immediately prior to the Effective
                  Date. The base salary may be increased (but not decreased) at
                  any time and from time to time by action of the Board of the
                  Company or any committee thereof or any individual having
                  authority to take such action in accordance with the Company's
                  regular practices. The Executive's base salary, as it may be

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                  increased from time to time, shall hereafter be referred to as
                  "Base Salary." Neither the Base Salary nor any increase in
                  Base Salary after the Effective Date shall serve to limit or
                  reduce any other obligation of the Company hereunder.

         (b)      ANNUAL BONUS. Commencing on the Effective Date, in addition to
                  the Base Salary, for each fiscal year of the Company ending
                  after the Effective Date and for each partial fiscal year
                  ending after the Effective Date, the Executive shall be
                  afforded the opportunity to receive an annual bonus or partial
                  bonus, as applicable, on terms and conditions substantially no
                  less favorable, in the aggregate, to the Executive (taking
                  into account reasonable changes in the Company's goals and
                  objectives and the consequences of the Change of Control upon
                  the Company's goals, objectives and performance measures) than
                  the annual bonus opportunity that had been made available to
                  the Executive for the fiscal year ended immediately prior to
                  the Effective Date (the "Annual Bonus Opportunity"). Any
                  amount payable in respect of the Annual Bonus Opportunity
                  shall be paid as soon as practicable following the year for
                  which the amount (or prorated portion) is earned or awarded,
                  unless electively deferred by the Executive pursuant to any
                  deferral programs or arrangements that the Company may make
                  available to the Executive.

         (c)      LONG-TERM INCENTIVE COMPENSATION PROGRAMS. Commencing on the
                  Effective Date and to the extent that such programs and plans
                  exist subsequent to the Effective Date, the Executive shall
                  participate in all long-term incentive compensation programs
                  for key executives, including stock option plans, at a level
                  that is commensurate with the Executive's opportunity to
                  participate in such plans of the Company immediately prior to
                  the Effective Date, or, if more favorable to the Executive, at
                  the level made available to the Executive or other similarly
                  situated officers at any time thereafter.

         (d)      BENEFIT PLANS. Commencing on the Effective Date and to the
                  extent that such plans and programs exist subsequent to the
                  Effective Date, the Executive shall be entitled to participate
                  in or be covered under all retirement, target benefit annuity,
                  medical, disability, group life, and group accidental death
                  and dismemberment insurance plans and programs of the Company
                  and its Affiliates at a level that is commensurate with the
                  Executive's participation in such plans immediately prior to
                  the Effective Date, or, if more favorable to the Executive, at
                  the level made available to the Executive or other similarly
                  situated officers at any time thereafter. All payments by the
                  Company or an Affiliate hereunder excepting payments for
                  Accrued Obligations (as defined in Section 7[a]) shall be
                  taken into account (to the extent permitted by, and consistent
                  with, law and the terms of the applicable plan document) in
                  determining the amount of contributions to be made by or on
                  behalf of the Executive under any tax-qualified defined
                  contribution plan of the Company or an Affiliate.

         (e)      VACATION AND FRINGE BENEFITS. Commencing on the Effective Date
                  and to the extent that such programs exist subsequent to the
                  Effective Date, the Executive shall be entitled to paid
                  vacation and fringe benefits at a level that is commensurate
                  with the paid vacation and fringe benefits available to the
                  Executive immediately prior to the Effective Date, or, if more
                  favorable to the Executive, at the level made available from
                  time to time to the Executive or other similarly situated
                  officers at any time thereafter.

         (f)      SUCCESS BONUS. Provided that either (i) the Executive
                  continues his employment with the Company or an Affiliate
                  during the Retention Period and remains employed by the
                  Company or an Affiliate on the last day of the Retention
                  Period, (ii) the Executive's employment is involuntarily
                  terminated by the Company or the Affiliate during the
                  Retention Period for reasons other than for death, disability,
                  retirement under any retirement plan of the Company or an
                  Affiliate, or Cause, as defined in Section 6(c), or (iii) the
                  Executive's employment is voluntarily terminated by the
                  Executive during the Retention Period for Good Reason, as
                  defined in Section 6(d), then the Company shall pay the
                  Executive a success bonus

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                  in an amount equal to $50,000. The success bonus shall be paid
                  in a lump sum to the Executive as soon as practicable
                  following the earlier of the events set forth in clause (i),
                  (ii) or (iii) of the foregoing sentence, but in no event later
                  than the first regular pay period following the last day of
                  the Retention Period of the Company or the Affiliate employing
                  the Executive. Nothing herein shall entitle the Executive to
                  payment of any success bonus if the Executive's employment is
                  terminated during the Retention Period by reason of death,
                  disability, retirement under any retirement plan or voluntary
                  termination (other than for Good Reason) or for Cause.

                  The success bonus to be provided to the Executive under this
                  Section 5(f) shall be in addition to, and not in lieu of,
                  continuation of the Executive's Base Salary, participation in
                  the Company's or an Affiliate's health, life, disability and
                  other employee benefit plans, programs and arrangements, in
                  accordance with the terms of such plans, programs and
                  arrangements, and other perquisites of employment, as provided
                  to him at the beginning of the Retention Period or as the same
                  may be increased thereafter.

                  For purposes of this Agreement, the Retention Period shall
                  mean the period:

                  (i)      beginning on the date on which a Potential Change of
                           Control occurs; and

                  (ii)     ending on the date on which a Change of Control
                           occurs.

6.       TERMINATION.

         (a)      DEATH, DISABILITY OR RETIREMENT. Subject to the provisions of
                  Section 1 hereof, this Agreement shall terminate automatically
                  upon the Executive's death, termination due to permanent and
                  total disability ("Disability") within the meaning of section
                  22(e)(3) of the Internal Revenue Code of 1986, as amended (the
                  "Code"), or successor provision, or voluntary retirement under
                  any of the Company's retirement plans as in effect from time
                  to time.

         (b)      VOLUNTARY TERMINATION. Notwithstanding anything in this
                  Agreement to the contrary, following a Change of Control the
                  Executive may, upon not less than 30 days' written notice to
                  the Company, voluntarily terminate employment for any reason
                  (including early retirement under the terms of any of the
                  Company's retirement plans as in effect from time to time),
                  provided that any termination by the Executive pursuant to
                  Section 6(d) on account of Good Reason (as defined therein)
                  shall not be treated as a voluntary termination under this
                  Section 6(b).

         (c)      CAUSE. The Company or an Affiliate may terminate the
                  Executive's employment for Cause. For purposes of this
                  Agreement, "Cause" means (i) the Executive's conviction of, or
                  plea of NOLO CONTENDERE to, a felony; (ii) an act or acts of
                  dishonesty or gross misconduct on the Executive's part which
                  result or are intended to result in material damage to the
                  Company's business or reputation; or (iii) the willful and
                  continued failure by Executive to substantially perform the
                  required duties with the Company (other than any such failure
                  resulting from Executive's incapacity due to physical or
                  mental illness or Disability or any actual or anticipated
                  failure after the termination by Executive for Good Reason as
                  defined in Section 6(d), below) after a written demand for
                  substantial performance is delivered to the Executive by the
                  Company, which demand specifically identifies the manner in
                  which the Company believes that the Executive has not
                  substantially performed the required duties.

         (d)      GOOD REASON. Following the occurrence of a Change of Control
                  or Potential Change of Control, the Executive may terminate
                  employment for Good Reason. For purposes of this Agreement,
                  "Good Reason" means the occurrence of any of the following,
                  without the express

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                  written consent of the Executive, after the occurrence of a
                  Change of Control or Potential Change of Control:

                  (i)      (A) the assignment to the Executive of any duties
                           inconsistent in any material adverse respect with the
                           Executive's position, authority, responsibilities or
                           status as contemplated by Section 4 of this
                           Agreement, or (B) any other material adverse change
                           in such position, responsibilities, authority or
                           status, or any removal of the Executive from or any
                           failure to re-elect the Executive to any position,
                           except in connection with the termination of the
                           Executive's employment due to Cause, Disability,
                           retirement, death or voluntary termination for
                           reasons other than those set forth in this Section
                           6(d);

                  (ii)     any failure by the Company to comply with any of the
                           provisions of Section 5 of this Agreement, other than
                           an insubstantial or inadvertent failure remedied by
                           the Company promptly after receipt of notice thereof
                           given by the Executive;

                  (iii)    any purported termination of the employment of the
                           Executive by the Company or an Affiliate which is not
                           due to the Executive's Disability, death, retirement,
                           for Cause in accordance with Section 6(c) or
                           voluntary termination for reasons other than those
                           set forth in this Section 6(d);

                  (iv)     the Company's or an Affiliate's requiring the
                           Executive to be based at any office or location more
                           than 50 miles from that location at which the
                           Executive performed services specified under the
                           provisions of Section 4 immediately prior to the
                           Change of Control, or the Company's or an Affiliate's
                           requiring the Executive to travel on business to a
                           substantially greater extent than required
                           immediately prior to the Effective Date; or

                  (v)      any failure by the Company to obtain the assumption
                           and agreement to perform this Agreement by a
                           successor as contemplated by Section 10(b).

                  In no event shall the mere occurrence of a Change of Control,
                  absent any further impact on the Executive, be deemed to
                  constitute Good Reason.

         (e)      NOTICE OF TERMINATION. For purposes of this Agreement, a
                  "Notice of Termination" means a written notice given, in the
                  case of a termination for Cause, within 30 days of the
                  Company's having actual knowledge of the events giving rise to
                  such termination, and in the case of a termination for Good
                  Reason, within 180 days of the Executive's having actual
                  knowledge of the events giving rise to such termination, and
                  which (i) indicates the specific termination provision in this
                  Agreement relied upon, (ii) sets forth in reasonable detail
                  the facts and circumstances claimed to provide a basis for
                  termination of the Executive's employment under the provision
                  so indicated, and (iii) if the termination date is other than
                  the date of receipt of such notice, specifies the termination
                  date (which date shall be not more than 15 days after the
                  giving of such notice). The failure by the Executive to set
                  forth in the Notice of Termination any fact or circumstance
                  which contributes to a showing of Good Reason shall not waive
                  any right of the Executive hereunder or preclude the Executive
                  from asserting such fact or circumstance in enforcing the
                  Executive's rights hereunder.

         (f)      DATE OF TERMINATION. For the purpose of this Agreement, the
                  term "Date of Termination" means (i) in the case of a
                  termination for which a Notice of Termination is required, the
                  date of receipt of such Notice of Termination or, if later,
                  the date specified therein, as the case may be, and (ii) in
                  all other cases, the actual date on which the Executive's
                  employment terminates on or after the Effective Date.

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7.       OBLIGATIONS OF THE COMPANY UPON TERMINATION.

         (a)      DEATH OR DISABILITY. If the Executive's employment is
                  terminated on or after the Effective Date by reason of the
                  Executive's death or Disability, this Agreement shall
                  terminate without further obligations to the Executive or the
                  Executive's legal representatives under this Agreement other
                  than those obligations accrued hereunder at the Date of
                  Termination, and the Company shall pay to the Executive (or
                  the Executive's beneficiary or estate) (i) the Executive's
                  full Base Salary through the Date of Termination (the "Earned
                  Salary"), (ii) any vested amounts or benefits owed to the
                  Executive under the Company's otherwise applicable employee
                  benefit plans and programs, including any compensation
                  previously deferred by the Executive (together with any
                  accrued earnings thereon) and not yet paid by the Company and
                  any accrued vacation pay not yet paid by the Company (the
                  "Accrued Obligations"), and (iii) any other benefits payable
                  due to the Executive's death or Disability under the Company's
                  plans, policies or programs (the "Additional Benefits").

                  Any Earned Salary shall be paid in cash in a single lump sum
                  as soon as practicable, but in no event more than 30 days (or
                  at such earlier date required by law), following the Date of
                  Termination. Accrued Obligations and Additional Benefits shall
                  be paid in accordance with the terms of the applicable plan,
                  program or arrangement.

         (b)      CAUSE AND VOLUNTARY TERMINATION. If, on or after the Effective
                  Date, the Executive's employment shall be terminated for Cause
                  or voluntarily terminated by the Executive (other than on
                  account of Good Reason following a Change of Control), the
                  Company shall pay the Executive (i) the Earned Salary in cash
                  in a single lump sum as soon as practicable, but in no event
                  more than 30 days (or at such earlier date required by law),
                  following the Date of Termination, and (ii) the Accrued
                  Obligations in accordance with the terms of the applicable
                  plan, program or arrangement.

         (c)      TERMINATION BY THE COMPANY OTHER THAN FOR CAUSE AND
                  TERMINATION BY THE EXECUTIVE FOR GOOD REASON.

                  (i)      LUMP SUM PAYMENTS. If, on or after the Effective
                           Date, the Company terminates the Executive's
                           employment other than for Cause, or the Executive
                           terminates employment for Good Reason, the Company
                           shall pay to the Executive the following amounts:

                           (A)      the Executive's Earned Salary;

                           (B)      a cash amount (the "Severance Amount") equal
                                    to two times the Executive's annual Base
                                    Salary; and

                           (C)      the Accrued Obligations.

                           The Earned Salary and one-half of the Severance
                           Amount shall be paid in cash in a single lump sum as
                           soon as practicable, but in no event more than 30
                           days (or at such earlier date required by law),
                           following the Date of Termination. The remaining
                           one-half of the Severance Amount shall be paid in
                           cash in four semi-annual installments commencing on
                           the first business day of the seventh month following
                           the Date of Termination. The Accrued Obligations
                           shall be paid in accordance with the terms of the
                           applicable plan, program or arrangement.

                  (ii)     CONTINUATION OF BENEFITS. If, on or after the
                           Effective Date, the Company terminates the
                           Executive's employment other than for Cause, or the
                           Executive terminates employment for Good Reason, the
                           Executive (and, to the extent applicable, the

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                           Executive's dependents) shall be entitled, after the
                           Date of Termination until the earlier of (A) the
                           twelve month anniversary of the Date of Termination
                           (the "End Date") and (B) the date the Executive
                           becomes eligible for comparable benefits under a
                           similar plan, policy or program of a subsequent
                           employer, to continue participation in all of the
                           employee and executive welfare and fringe benefit
                           plans of the Company or of the Affiliate employing
                           the Executive (the "Benefit Plans"). To the extent
                           any such benefits cannot be provided under the terms
                           of the applicable plan, policy or program, the
                           Company shall provide a comparable benefit under
                           another plan or from the Company's general assets.
                           The Executive's participation in the Benefit Plans
                           will be on the same terms and conditions that would
                           have applied had the Executive continued to be
                           employed by the Company or the Affiliate through the
                           End Date.

         (d)      TAX GROSS-UP AMOUNT. In the event that any amount or benefit
                  paid or distributed to the Executive pursuant to this
                  Agreement, taken together with any amounts or benefits
                  otherwise paid or distributed to the Executive by the Company
                  or any affiliated company (collectively, the "Covered
                  Payments"), would be an excess parachute payment" as defined
                  in Section 280G of the Code and would thereby subject the
                  Executive to the tax (the "Excise Tax") imposed under Section
                  4999 of the Code (or any similar tax that may hereafter be
                  imposed), then the Company will reimburse the Executive in an
                  amount equal to the "Tax Gross-Up Amount" (as defined in the
                  next sentence). The Tax Gross-Up Amount means an amount equal
                  to the sum of the Excise Tax, any other similar federal tax
                  and the amount of any other additional federal tax, including
                  any additional income tax, arising as a result of any payment
                  pursuant to this Section 7(d), which sum may be due and
                  payable by the Executive or withheld by the Company
                  (collectively, the "Total Taxes") so that the Executive
                  receives actual payments or benefits, after payment or
                  withholding, in an amount no less than that which would have
                  been received by him or her if no obligation for Total Taxes
                  had arisen.

8.       LEGAL FEES AND EXPENSES. If the Executive asserts any claim in any
         contest (whether initiated by the Executive or by the Company) as to
         the validity, enforceability or interpretation of any provision of this
         Agreement and if the Executive is the prevailing party in such contest,
         the Company shall pay the Executive's costs (or cause such costs to be
         paid) in so asserting, including, without limitation, reasonable
         attorneys' fees and expenses, as determined by the arbitrators selected
         pursuant to Section 11(b) hereof to resolve such contest.

9.       CONFIDENTIAL INFORMATION; COMPANY PROPERTY; NON-COMPETE. For and in
         consideration of the salary and benefits to be provided by the Company
         hereunder, the Executive agrees that:

         (a)      CONFIDENTIAL INFORMATION. The Executive shall hold in a
                  fiduciary capacity for the benefit of the Company all secret
                  or confidential information, knowledge or data relating to the
                  Company or any of its Affiliates, and their respective
                  businesses, (i) obtained by the Executive during the
                  Executive's employment by the Company or any Affiliate and
                  (ii) not otherwise public knowledge (other than by reason of
                  an unauthorized act by the Executive). After termination of
                  the Executive's employment with the Company, the Executive
                  shall not, without the prior written consent of the Company,
                  unless compelled pursuant to an order of a court or other body
                  having jurisdiction over such matter, communicate or divulge
                  any such information, knowledge or data to anyone other than
                  the Company and those designated by it.

         (b)      COMPANY PROPERTY. Except as expressly provided herein,
                  promptly following the Executive's termination of employment,
                  the Executive shall return to the Company all property of the
                  Company and all copies thereof in the Executive's possession
                  or under the Executive's control.

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         (c)      NON-COMPETE.

                  (i)      Commencing on the Effective Date and continuing for
                           two years after the Effective Date, the Executive
                           shall not engage directly or indirectly in any
                           competing business.

                  (ii)     Commencing on the Effective Date and continuing for
                           two years after the Effective Date, the Executive
                           shall not, directly or indirectly, (A) use any
                           information obtained in the course of the Executive's
                           employment by the Company or an Affiliate for the
                           purpose of notifying individuals of the termination
                           of such employment, or of the Executive's willingness
                           to provide services after such termination, (B)
                           otherwise solicit any person who is, or at any time
                           during the term of the Executive's employment by the
                           Company or an Affiliate was, a customer of the
                           Company or an Affiliate, or (C) solicit or induce, or
                           attempt to solicit or induce, any employee of the
                           Company or an Affiliate to terminate such employment
                           for any reason whatsoever or hire any employee of the
                           Company or an Affiliate.

                  (iii)    The Executive may request from the Company a waiver
                           of the application to the Executive of all or parts
                           of Sections 9(c)(i) and (ii), above, and the Company
                           shall not unreasonably deny such a request.

         (d)      INJUNCTIVE RELIEF AND OTHER REMEDIES WITH RESPECT TO
                  COVENANTS. The Executive acknowledges and agrees that the
                  covenants and obligations of the Executive with respect to
                  confidentiality and Company property relate to special, unique
                  and extraordinary matters and that a violation of any of the
                  terms of such covenants and obligations will cause the Company
                  irreparable injury for which adequate remedies are not
                  available at law. Therefore, the Executive agrees that the
                  Company shall (i) be entitled to an injunction, restraining
                  order or such other equitable relief (without the requirement
                  to post bond) restraining Executive from committing any
                  violation of the covenants and obligations contained in this
                  Section 9 and (ii) have no further obligation to make any
                  payments to the Executive hereunder following any finding by a
                  court or an arbitrator that the Executive has engaged in a
                  material violation of the covenants and obligations contained
                  in this Section 9. These remedies are cumulative and are in
                  addition to any other rights and remedies the Company may have
                  at law or in equity. In no event shall an asserted violation
                  of the provisions of this Section 9 constitute a basis for
                  deferring or withholding any amounts otherwise payable to the
                  Executive under this Agreement.

10.      SUCCESSORS.

         (a)      This Agreement is personal to the Executive and, without the
                  prior written consent of the Company, shall not be assignable
                  by the Executive. This Agreement shall inure to the benefit of
                  and be enforceable by the Executive's legal representatives,
                  including by will or the laws of descent and distribution.

         (b)      This Agreement shall inure to the benefit of and be binding
                  upon the Company and its successors. The Company shall require
                  any successor to all or substantially all of the business
                  and/or assets of the Company, whether direct or indirect, by
                  purchase, merger, consolidation, acquisition of stock, or
                  otherwise, by an agreement in form and substance satisfactory
                  to the Executive, expressly to assume and agree to perform
                  this Agreement in the same manner and to the same extent as
                  the Company would be required to perform if no such succession
                  had taken place.

                                       68
<PAGE>

11.      MISCELLANEOUS.

         (a)      APPLICABLE LAW. This Agreement shall be governed by and
                  construed in accordance with the laws of the Commonwealth of
                  Pennsylvania, applied without reference to principles of
                  conflict of laws.

         (b)      ARBITRATION. Any dispute or controversy arising under or in
                  connection with this Agreement shall be resolved by binding
                  arbitration. The arbitration shall be held in the City of
                  Pittsburgh, Commonwealth of Pennsylvania, and except to the
                  extent that it is inconsistent with this Agreement, shall be
                  conducted in accordance with the Expedited Employment
                  Arbitration Rules of the American Arbitration Association then
                  in effect at the time of the arbitration, and otherwise in
                  accordance with principles which would be applied by a court
                  of law or equity. The arbitrator shall be acceptable to both
                  the Company and the Executive. If the parties cannot agree on
                  an acceptable arbitrator, the dispute shall be heard by a
                  panel of three arbitrators, one appointed by each of the
                  parties and the third appointed by the other two arbitrators.

         (c)      AMENDMENTS. This Agreement may not be amended or modified
                  otherwise than by a written agreement executed by the parties
                  hereto or their respective successors and legal
                  representatives.

         (d)      ENTIRE AGREEMENT. Excepting any plans, agreements or
                  arrangements specifically referred to in this Agreement, this
                  Agreement constitutes the entire agreement between the parties
                  hereto with respect to the matters referred to herein.

         (e)      TAX WITHHOLDING. The Company shall withhold from any amounts
                  payable under this Agreement such federal, state, foreign, or
                  local taxes or levies as shall be required to be withheld
                  pursuant to any applicable law or regulation.

         (f)      SEVERABILITY. In the event that one or more of the provisions
                  of this Agreement shall become invalid, illegal or
                  unenforceable in any respect, the validity, legality and
                  enforceability of the remaining provisions contained herein
                  shall not be affected thereby.

         (g)      EFFECT OF AGREEMENT ON RIGHTS OF EXECUTIVE. The Executive and
                  the Company acknowledge that, except as may otherwise be
                  provided under any other written agreement between the
                  Executive and the Company, the employment of the Executive is
                  "at will" and, prior to the Effective Date, the Executive's
                  employment may be terminated by the Executive or by the
                  Company or an Affiliate, in which case the Executive shall
                  have no further rights under this Agreement except in
                  circumstances relating to a Potential Change of Control as
                  provided for herein.

         (h)      WAIVER. Waiver by any party hereto of any breach or default by
                  the other party of any of the terms of this Agreement shall
                  not operate as a waiver of any other breach or default,
                  whether similar to or different from the breach or default
                  waived.

         (i)      COUNTERPARTS. This Agreement may be executed in counterparts,
                  each of which shall be deemed an original, but all of which
                  together shall constitute one and the same instrument.

         (j)      CAPTIONS. The captions of this Agreement are not part of the
                  provisions hereof and shall have no force or effect.

                                       69
<PAGE>

IN WITNESS WHEREOF, the Executive has hereunder set his hand and the Company has
caused this Agreement to be executed in its name on its behalf all as of the day
and year first above written.

                                          SYLVAN INC.

                                              By:  /s/ VIRGIL JURGENSMEYER
                                              Chairman, Compensation Committee

                                          EXECUTIVE

                                              /s/ GARY D. WALKER
                                              Gary D. Walker

                                       70<PAGE>

                                                                   Exhibit 10.47

               M A N A G E R ' S  S E R V I C E  A G R E E M E N T

T H I S  A G R E E M E N T is made the seventeenth day of April, One thousand
nine hundred and eighty-eight B E T W E E N :

(1)      WHITE QUEEN LIMITED whose registered office is situate at 13
         Christopher Street, London EC2 (hereinafter called "the Company") of
         the one part; and

(2)      MICHAEL A. WALTON of 15 Hyholmes, Bretton, Peterborough (hereinafter
         called "the Manager") of the other part.

W H E R E A S :

(1)      The Manager has been employed by the Company since the fourth day of
         August 1975 and his date of continuous employment for the purposes of
         the employment Protection (Consolidation) Act 1978 commenced on the
         fourth day of August 1975.

(2)      The parties hereto desire to express in writing the terms of the
         continued engagement of the Manager as general manager of the Company
         in the manner hereinafter appearing.

N O W IT IS HEREBY AGREED AND DECLARED by and between the parties hereto as
follows:

1.       In this Agreement:

         "Subsidiary"                   shall mean any subsidiary now or in the
                                        future of the Company or of any holding
                                        company of which the Company is a
                                        subsidiary and "holding company" and
                                        "subsidiary" shall have the meanings
                                        ascribed by Section 736 of the Companies
                                        Act 1985

         "Group"                        shall mean the Company and all
                                        Subsidiaries and any holding company of
                                        the Company for the time being "Group
                                        Company" shall mean any Subsidiary and
                                        holding company

         "Board"                        shall mean the board of directors of the
                                        Company

         "letters patent" or "patent"   shall mean and include letters patent,
                                        brevet d' invention, petty patent,
                                        gebrauschmuster, utility model, design
                                        registration or any other form of
                                        protection for any invention, discovery
                                        or improvement that can be obtained in
                                        the United Kingdom or any British
                                        Dominion Colony or Dependency or in any
                                        foreign country

2.       The Manager holds and shall continue to hold the office of General
         Manager of the Company for a period of three years from the date hereof
         and continuing thereafter until such employment shall be determined by
         not less than three years' notice in writing given by the Company to
         the Manager at any time after the first anniversary of the date hereof
         or one year's notice in writing given by the Manager to the Company at
         any time after the first anniversary of the date hereof

                                       71
<PAGE>

3.       (1)      During the continuance of this Agreement the Manager shall
                  subject as herein mentioned devote the whole of his time and
                  attention during normal business hours to the business of the
                  Company and such of any Group Company as the Board may require
                  and shall at all times use his best endeavours to promote the
                  interest and welfare of the Group

         (2)      The Manager shall exercise and perform such powers and duties
                  in relation to the Company or any Group Company as the Board
                  may from time to time direct subject to such restrictions as
                  the Board may from time to time impose (which the Manager
                  shall duly and faithfully perform and observe) and in
                  particular his duties shall be to manage the day to day
                  operations of the Company and E. Hauser Limited and to oversee
                  and manage all aspects of finance administration development
                  and sales in the United Kingdom and Ireland of the Company and
                  E. Hauser Limited

4.       (1)      The Manager shall be entitled by way of remuneration for
                  his services to the Company to a salary at the rate of TWENTY
                  FOUR THOUSAND POUNDS (L24,000) per annum payable monthly on or
                  about the fifteenth day of every month

         (2)      (a)      The Company shall provide the Manager as long as he
                           is legally entitled to drive with a suitable car
                           appropriate to the Manager's status for his exclusive
                           use and shall pay for the licensing, insurance,
                           maintenance, repair and servicing of such car and,
                           when necessary, replacement thereof and for the cost
                           of petrol and oil not required for its private use by
                           the Manager

                  (b)      The Manager shall on the termination of his
                           employment hereunder promptly return or account for
                           any such car and failure to do so shall entitle the
                           Company to withhold any outstanding moneys due from
                           the Company to the Manager up to the value of the
                           car. In the event that the Manager does not for any
                           reason work during any notice period prior to
                           termination of his employment hereunder he shall not
                           be entitled to continued use of the car during that
                           unworked period

         (3)      In addition to his said remuneration the Manager shall be
                  entitled to be reimbursed by the Company all out of pocket
                  expenses wholly and exclusively and properly incurred in the
                  performance of his duties hereunder and the Manager shall on
                  being so required provide the Company with vouchers or other
                  evidence of actual payment of such expenses

         (4)      In the event of the Manager performing services for any Group
                  Company payment of the said remuneration and expenses shall be
                  apportioned between the Company and any such other Group
                  Company or Companies and be paid by them respectively in such
                  proportions that the Board shall from time to time determine
                  having regard to the services performed by the Manager for
                  each of such companies

         (5)      The salary payable to the Manager under sub-clause (1) of this
                  Clause shall be reviewed with effect from the First day of
                  January in each year by the Board, provided always that such
                  increase in salary shall not be less than the percentage
                  increase in the Retail Price Index in the twelve months
                  immediately preceding the relevant Review Date unless such an
                  increase would be precluded by statutory restrictions in force
                  at the relevant Review Date, in which case the increase shall
                  be the maximum permitted under such restrictions

         (6)      For the purposes of the preceding sub-clause of this Clause
                  "the Retail Price Index" shall mean the Index of Retail Prices
                  published by the Department of Employment (or by any
                  Government Department upon which duties in connection with
                  such Index shall have devolved) provided always that

                                       72
<PAGE>

                  (a)      In the event of any change after the date hereof in
                           the reference based used to compile the said Index
                           the figure taken to be shown in the said Index after
                           such change shall be the figure which would have been
                           shown in the said Index if the reference base current
                           at the date of execution hereof had been retained and

                  (b)      In the event of it becoming impossible by reason of
                           any change after the date hereof in the methods used
                           to compile the said Index or for any other reason
                           whatsoever to calculate the salary by reference to
                           the said Index or if any dispute or question
                           whatsoever shall arise between the parties hereto
                           with respect to the construction or effect of this
                           Clause the determination of the salary or other
                           matter in difference shall be determined by an
                           independent Chartered Accountant to be nominated by
                           the President for the time being of the Institute of
                           Chartered Accountants in England and Wales who shall
                           act as an expert and not an arbitrator and who shall
                           have full power to determine on such dates as he
                           shall deem apposite what would have been the increase
                           in the said Index had it continued on the original
                           basis and giving the information assumed to be
                           available for the operation of this Clause

         (7)      The Manager or his personal representatives shall be entitled
                  to a rateable (on a time apportionment basis) proportion of
                  the Manager's salary for any broken portion of a financial
                  year of the Company during which the Manager's engagement
                  hereunder subsists

         (8)      For the avoidance of doubt it is hereby provided that the
                  Manager has no contractual entitlement to any bonus or
                  commission payment, any such payment being made at the
                  absolute discretion of the Board

5.       The Manager shall in addition to statutory and other public holiday be
         entitled to take five weeks holiday is each calendar year (of which not
         more than three weeks may be consecutive) at such time or times as he
         may agree with the Board and he may also take such additional or
         special holidays (if any) as the Board may from time to time approve

6.       (1)      In the case of illness of the Manager (verified by a
                  registered medical practitioner) or other cause incapacitating
                  him from duly attending to his duties the Company shall
                  continue to pay his said remuneration until the expiry of a
                  consecutive period of 90 days and thereafter the payment of
                  his said remuneration shall be at the discretion of the Board,
                  provided always that in case of such illness or other cause
                  incapacitating the Manager from duly attending to his duties
                  for a period exceeding in all 90 days (whether consecutive or
                  otherwise) in any consecutive period of 360 days the Company
                  may by notice in writing given to the Manager at any time
                  during or within thirty days after the end of such period
                  forthwith determine the Manager's employment as general
                  manager and executive director of the Company hereunder and at
                  such date the Manager's employment hereunder shall absolutely
                  cease and determine without prejudice to his rights of salary
                  up to such date (subject as aforesaid) and to all arrears of
                  salary

         (2)      The Company shall set off the Manager's remuneration paid in
                  accordance with this Clause against the liability of the
                  Company to pay statutory sick pay to the Manager pursuant to
                  the statutory Sick Pay Scheme introduced on 6th April 1983
                  under the provisions of the Social Security and Housing
                  Benefits Act 1982 and the Company may also deduct from the
                  Manager's remuneration the amount of any State benefits to
                  which the Manager shall be entitled and the Manager shall
                  inform the Company concerning such payments

         (3)      If any incapacity shall be or appear to be occasioned by
                  actionable negligence of a third party in respect of which
                  damages are or may be recoverable the Manager shall forthwith
                  notify the Board of that fact and of any claim compromise
                  settlement or judgment made or awarded in connection therewith
                  and shall give to the Board all such particulars of such
                  matters as the

                                       73
<PAGE>

                  Board may reasonably require and shall if so required by the
                  Board refund to the Company such sum (not exceeding the amount
                  of damages recovered by him under such compromise settlement
                  or judgment less any costs in or in connection with or under
                  such claim compromise settlement or judgment borne by the
                  Manager and not exceeding the aggregate of the remuneration
                  paid to him by way of salary (net of income tax borne thereon)
                  in respect of the period of the incapacity) as the Board may
                  determine

         (4)      The Company undertakes that it will maintain the Manager's
                  membership of the Private Patients Plan at corporate health
                  plan Band C benefit levels for the Manager

7.       (1)      The Manager has joined the Company's retirement benefits
                  scheme ("the Scheme") in accordance with its Rules and the
                  Company shall during the period of employment of the Manager
                  hereunder continue to make contributions in respect of him of
                  6 per cent of his annual salary to and in accordance with the
                  Scheme, which sum shall be reviewed with effect from the First
                  day of January in each year by the Board. Full details of the
                  Scheme may be obtained from the Company Secretary on request

8.       (1)      The Manager shall not at any time either while employed
                  hereunder or for a period of one year after termination of his
                  employment whether on his own account or for any other person
                  firm or company whether directly or indirectly approach
                  canvass solicit or endeavour to entice away from the Company
                  or any other Group Company with a view to doing business of a
                  like nature to that which the Company or any such Group
                  Company carries on or has carried on at any time during the
                  course of this Agreement any person firm or company who has
                  been a customer or supplier of the Company or any other Group
                  Company and (in the case of the enforcement of this Clause
                  after the termination of the Manager's employment) a person
                  firm or company shall be deemed to be a customer or supplier
                  who was such at any time during the period of twelve months
                  ending with the date of the determination of the Manager's
                  employment hereunder and with whom the Manager dealt while
                  employed hereunder

         (2)      The manager shall not after the termination of his employment
                  without the prior written consent of the Company at any time
                  or for any purpose use the name of the Company or of any Group
                  Company in connection with his own or any other name in any
                  way calculated to suggest that he continues to be connected
                  with the business of the Company or any Group Company or in
                  any way hold himself out as having such connection

         (3)      The Manager shall not for a period of one year after
                  termination of his employment hereunder whether on his own
                  account or for any other person firm or company whether
                  directly or indirectly approach canvass, solicit or endeavour
                  to entice away any person who shall be an employee of the
                  Company or any Group Company at the date of the termination of
                  the Manager's employment hereunder with a view to such
                  employee being employed by any person firm or company carrying
                  on business in competition with the business carried on by the
                  Company or any Group Company at any time during the course of
                  this Agreement

9.       (1)      The Manager shall not at any time while employed by the
                  Company without the prior written consent of the Board be a
                  director of any company other than a Group Company or be
                  engaged or employed concerned or in any other way interested
                  in any other business whatsoever provided that this shall not
                  prevent him (together with any person with whom he is
                  connected as defined in Section 346(4) of the Companies Act
                  1985) holding an interest as an investment amounting to not
                  more than 5% of the share capital of any company whose shares
                  are quoted on any recognised stock exchange

         (2)      The Manager shall not for a period of one year after the date
                  of termination of his employment hereunder be engaged,
                  concerned or interested directly or indirectly and either

                                       74
<PAGE>

                  on his own behalf or on behalf of or in association with any
                  other person, firm or company and whether as an employee or in
                  any other capacity in carrying on business within the United
                  Kingdom in competition with the business carried on at the
                  date of termination of his employment hereunder by the Company
                  or any Group Company for whom he has performed duties in
                  accordance with Clause 3 above provided that nothing in this
                  sub-clause shall prevent the Manager (together with persons
                  connected with him as defined by Section 346 of the Companies
                  Act 1985) from holding an interest as an investment amounting
                  to not more than 5% of the share capital of any company whose
                  shares are quoted on any recognised stock exchange

10.      The Manager shall not either during the continuance of his employment
         (otherwise than in the proper performance of his duties) or after the
         termination thereof disclose or divulge to any person firm or company
         and shall use his best endeavours to prevent the publication or
         disclosure of any trade secret, manufacturing process, technical data,
         software specifications, copyrights, industrial or registered designs
         or any other know how, information relating to patents and inventions
         or property of the Company in the nature of intellectual property
         details of which are not in the public domain and customer and supplier
         lists, price lists, details of contracts with customers or any other
         confidential information concerning the business or finances of the
         Group or any of its dealings transactions or affairs which may come to
         his knowledge while acting as an employee of the Company and upon the
         expiration or termination of this Agreement for whatsoever cause the
         Manager shall forthwith deliver up to the Company or its authorized
         representative all statistics, documents, account records or papers
         which may be in his possession, custody or control and which relate in
         any way to the business or affairs of the Company or any Group Company
         and no copies of the same or any part thereof shall be retained by him
         and he shall then (if required by the Company or any such Group
         Company) make a statutory declaration that the whole of the provisions
         of this Clause have been complied with

11.      Each of the undertakings contained in Clauses 8, 9 and 10 above is and
         shall be a separate and independent undertaking by the Manager and in
         the event that any restraint comprised in any such undertaking shall be
         found to be void or unenforceable because it is too broad as to the
         area or time or subject covered, the said area or time or subject may
         be reduced to whatever extent necessary to make the restraint valid and
         effective and such undertaking shall apply as so modified and the
         Manager acknowledges that in view of his position and responsibility to
         the Company and the Group it is reasonable for him to give the
         undertakings referred to above

12.      The Company shall have the right to determine this Agreement at any
         time by summary notice in the event of the Manager:

         (a)      Becoming of unsound mind

         (b)      Committing an act of bankruptcy

         (c)      Being convicted of any criminal offence other than a minor
                  offence under the Road Traffic Acts

         (d)      Persistently and willfully neglecting or becoming incapable of
                  efficiently performing his duties under this Agreement

         (e)      Refusing to carry out instructions of the Board, provided that
                  such duties are such that by the nature of his office he may
                  reasonably and properly be expected to perform them

         (f)      Doing any action manifestly prejudicial to the interest of the
                  Company or Group Company or

                                       75
<PAGE>

         (g)      Being guilty of any serious misconduct or any breach or
                  non-observance of the provisions of this Agreement

         and the Manager shall have no claim against the Company in respect of
         the determination of his employment by the Company pursuant to this
         Clause provided always that if any such act of misconduct or such
         breach or non-observance is capable of being remedied the Manager shall
         first be offered a reasonable opportunity to remedy the same prior to
         termination as aforesaid and if and when so remedied, the employment of
         the Manager hereunder shall continue without interruption

13.      If before the expiration of this Agreement the employment of the
         Manager hereunder shall be determined by reason of the liquidation of
         the Company for the purpose of amalgamation or reconstruction or as any
         part of any arrangement for the amalgamation of the undertaking of the
         Company not involving liquidation and the Manager shall be offered
         employment with the amalgamating or reconstructed company for a period
         not less than the unexpired term of this Agreement and on terms not
         less favourable than the terms of this Agreement the Manager shall have
         no claim against the Company in respect of the determination of his
         employment by the Company hereunder

14.      The Manager hereby agrees that he will at the request and expense of
         any other Group Company enter into a direct agreement with such other
         Group Company whereby he will accept provisions corresponding to the
         provisions set forth in Clauses 3, 8, 9, 10, 11 and 13 hereof (or such
         of them as may be applicable to the circumstances) in such terms as the
         Group Company may reasonably require for the protection of its
         interests

15.      There are no unusual disciplinary rules relating to the Manager's
         employment hereunder

16.      If the Manager wishes redress of any grievance relating to his
         employment he should apply in writing setting out the details and
         nature of any such grievance to the Board

17.      For the purpose of the Employment Protection (Consolidation) Act 1978
         this Agreement shall be deemed to constitute the contract of employment
         between the Company and the Manager and the following shall be the
         particulars of employment for the purpose of Section 1 of the said Act:

         Title of Employment                                     See Clause 2

         Date of Commencement of Employment hereunder            See Clause 2

         Date of Commencement of Continuous Employment        See Recital (1)

         Remuneration                                            See Clause 4

         Hours of Work                                           See Clause 3

         Holidays                                                See Clause 5

         Sickness or incapacity                                  See Clause 6

         Pension                                                 See Clause 7

         Notice                                          See Clauses 2 and 12

         Redress of Grievances                                  See Clause 16

                                       76
<PAGE>

18.      This Agreement is in substitution for and wholly replaces with effect
         from the date hereof such other contracts of employment (whether
         written or oral or implied by law) which have heretofore subsisted
         between the parties hereto and the Manager hereby acknowledges that he
         has no claim outstanding against the Company for salary or in respect
         of any other matter whatsoever (apart from unpaid commission) arising
         prior to the date hereof

19.      The provisions of this Agreement and all matters arising thereout shall
         be interpreted and construed in accordance and subject to the laws of
         England and the parties submit to the jurisdiction of the English
         Courts

I N  W I T N E S S whereof the Common Seal of the Company has been hereunto
affixed and the Manager has hereunto set his hand and seal the day and year
first above written

THE COMMON SEAL of WHITE           )
QUEEN LIMITED was hereunto   )
affixed in the presence of:        )

                                                 Director
                                                 /s/ U. Hauser

                                                 Secretary
                                                 /s/ M.A. Walton

SIGNED SEALED and DELIVERED        )
by the said MICHAEL A. WALTON      )
in the presence of:                )

                                                 Im Hasenbuel
                                                 CH 8625 Gossau
                                                 Switzerland

                                                 Company Director
                                                 & Chairman

                                                 /s/ U. Hauser

                                       77

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