Document:

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                                STATE OF NEVADA
                       DEPARTMENT OF BUSINESS & INDUSTRY
                             DIVISION OF INSURANCE

                 WORKER'S COMPENSATION, SELF-INSURANCE SECTION

                        NEVADA INDUSTRIAL INSURANCE ACT
                                    AND THE
                           OCCUPATIONAL DISEASES ACT

                 CHAPTERS 616A, 616B, 616C, 616D AND 617 OF NRS
                           SELF-INSURER'S SURETY BOND

Bond Number WBM70159                                                  $56,250.00

     KNOW ALL PERSONS BY THESE PRESENTS, that Western Bonding Company a company
admitted to transact surety business in the State of Nevada, hereinafter
referred to as "Surety", shall act as surety for Fitzgerald's Gaming
Corporation, hereinafter "Employer", an employer certified by the Division of
Insurance to act as a self-insured employer pursuant to Chapters 616A, 616B,
616C and 616D of NRS.

     Surety, its successors and assigns, shall become obligated under this bond
if Employer does not pay or cause to be paid to its employees the compensation
and medical expenses due or that may become due to employees and their
dependents resulting from accidents, injuries or occupational diseases arising
under the provisions of Chapters 616A, 616B, 616C, 616D and 617 of NRS occurring
from the date of the execution of this bond to the date of its termination as
required by NRS 616B.306 and by Chapters 616A, 616B, 616C, 616D and 617 of NRS.

     Upon such event, the Commissioner of Insurance of the State of Nevada,
hereinafter "Commissioner", may commence immediate and direct action on the
bond, on behalf of said employees, to insure timely payment of said
compensation to such employees. No defense against the action of the
Commissioner may or shall be interposed by the Surety.

     Surety bond, executed by Western Bonding Company as surety shall be in the
amount of $2,500,000.00, payable in currency of the United States.

     Surety shall have the right to terminate this bond at any time by giving
Employer and Commissioner notice thereof pursuant to subsection 2 of NRS
616B.306. Surety shall give Commissioner 90 days notice of its intent to
terminate, pursuant to NRS 616B.306, however, such termination does not limit
Surety's obligation under this bond for compensation due and medical expenses
which may become due to employees and their dependents of Employer resulting
from accidents, injuries or occupational diseases which occurred during the
time dating from the date of execution of this bond to the date of its
termination.

     Signed, Sealed and Delivered this 19th day of October, 2000.

     THIS BOND SHALL BE EFFECTIVE AS OF October 19, 2000.

Seal                                    Seal
Bonding Agent                           Employer Fitzgerald's Gaming Corporation
                                                 -------------------------------

                                        By   /s/ MICHAEL E. McPHERSON
                                          --------------------------------------
                                                 Western Bonding Company
                                          --------------------------------------

                                        By   /s/ RICHARD N. COLLINGS
                                          --------------------------------------
                                                 Richard N. Collings
                                                  Attorney-in-fact
                                          --------------------------------------

Countersigned by /s/  R. SCOTT ROTTMAN
                 -------------------------
                 NEVADA RESIDENT AGENT<PAGE>   1
                                                                   Exhibit 10.44

                               PURCHASE AGREEMENT

ARTICLE 1 - DEFINITIONS

In the framework of this agreement, the terms used hereinafter shall have the
following meanings:

ACTIVITY means the activity of distributing "One For All" products manufactured
by the Universal Electronics Inc. company, conducted by the Transferor. From
time to time, the activity as is stipulated herein shall mean exclusively of
_____________ also conducted by the Transferor.

BUSINESS means the business involving the distribution of One For All products
manufactured by Universal Electronics Inc., as run by the Transferor, including
intangible and tangible assets as defined in ARTICLE 2 hereinbelow.

COMPLETION DATE means the date when the transfer, assignment of property and
rights of the Business is final. The Completion Date is set at the date of
execution of this business transfer agreement.

ESCROW means the Bank NSM located ______________ avenue Hoche in Paris (75008),
which will fulfil the role of escrow as defined in ARTICLE 6 of this business
transfer agreement.

PREMISES means those premises in which the business is run, located __________
in Fontainebleau (77300), ______________ (to be stipulated), representing a
surface area of ______________ square meters.

ARTICLE 2 - BUSINESS TRANSFER - DESIGNATION

DAM hereby transfers the Business, with all the assets and property defined
herein, to Universal Electronics France which accepts, under the conditions set
forth herein. ______________ moreover, undertakes to fulfill all the de facto
and de jure guarantees. The transfer of ownership and use of the Business shall
take ipso jure effect this day.

The Business hereby transferred includes the following tangible and intangible
assets:

-  the clientele and related goodwill;

-  the benefits of any contracts and agreements related to contracts concluded
   with the Business running as defined in SCHEDULE 7;

-  the merchandise on stock in the Business, as inventoried by both the
   Transferor and the Transferee on 24/8/00 defined in SCHEDULE 2;

-  [the machinery and office equipment necessary to the running of the Business
   including the tools of the Firstline products and the tools for the Remote
   Control Protectors at bookvalue, as inventoried by both the Transferor and
   the Transferee on 24/8/00 defined in Schedule 1];

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--   the employment contracts concerning the personnel connected to the
     Business, as listed in Schedule 4, for which the Transferee shall be
     subrogated to all rights and obligations of Transferor as from the date of
     registration of the company One For All with the Trade and Companies
     Register. However, for practical purposes, the transferred employees shall
     be paid by the Transferee as of September 1 2000.

The Business as it presently stands, with all tangible and intangible assets
defined hereabove, is an on-going concern and all the authorisations necessary
for its continued activity have been obtained and are valid without any
exceptions or reservations.

ARTICLE 3 - CONDITIONS

This Business transfer is consented and accepted under the usual de jure terms
and conditions, namely as follows:

3.1  TRANSFEROR COMMITMENTS

--   sign any additional clauses and assignments of agreements (and policies)
     presently in effect and connected to the running of the Business by the
     Transferee as from the Completion Date,

--   cease any activity connected with the running of the Business at the
     Completion Date,

--   expressly agree not to exercise the option of taking an interest in,
     operating, managing or participating in anyway whatsoever (whether as a
     representative, consultant, employee, corporate officer, or otherwise)
     directly or indirectly, on its own behalf or on behalf of any third party,
     company, grouping, association or any entity, in any activity which is
     directly or indirectly in competition with the running of the Business
     and/or with products related to the product range offered by Universal
     Electronics Inc. at Completion Date or known by the Transferor at
     Completion Date or during the period the Transferor acts as a free business
     consultant except for the products listed in Schedule 9, in France for a
     period of two (2) years as from the day of Completion Date, subject to
     damages which would be paid to Transferee or business successors and to the
     closing of the Business run in violation of this clause. As consideration
     for the non competition undertaking provided above, the Transferee will pay
     to the Transferor by way of a bank wire to the nominated account of the
     Transferor at completion Date a total amount of fifty thousand (50,000)
     Euros, i.e three hundred and twenty seven thousand nine hundred and seventy
     eight point give (327,978.5) Francs

--   keep the corporate accounts available to Transferee for a period of three
     (3) years as from the Completion Date,

--   bear any fees and expenses owing to the Escrow holding the price amount,
     possible duties for cancellation of pledges, or releases of mortgages or
     liens of any type, striking off of any registers, consignments and price
     allocation,

--   bear prorata temporis the fraction of vacation pay due, end of the year
     bonuses, incentives, salaries, and more generally any amounts outstanding
     to be paid to employees in connection with the Business concerning the
     period prior to the

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        Completion Date, as well as payment of amounts which might be owing to
        employees after the Completion Date, as well as the related social
        security contributions, with said Transferee being authorised to offset
        these amounts concerned against the price for the transfer of the
        Business at the time of settlement of said price to Transferor.

3.2     FOR THE TRANSFEREE

-       [take at the Completion Date any furnishings or movable property,
        equipment and installations that make up the business as listed in
        SCHEDULE 1, in the state in which they are at the Completion Date,]

-       [take at the Completion Date, any merchandise making up the Business, a
        list of which is given in SCHEDULE 2, in the state in which it is found
        at Completion Date,]

-       continue and take in charge as from Completion Date, those contracts
        which have been transferred in connection with the running of the
        Business, (as well as any insurance policies which may have been taken
        out for the purposes of said Business); notwithstanding, however,
        provisions to the contrary, the Transferee in compliance with the July
        12, 1930 law article 19 paragraph 2, retains the option of having the
        right to cancel the insurance policy or policies in progress providing
        it immediately subscribes to a new insurance policy with insurance
        companies of a financially sound reputation,

-       bear, as from Completion Date, all of the city and public order taxes
        to which the Business is subject, as well as pay any contributions of
        any kind incumbent upon that Business, and to be personally responsible
        for any gas, electric, water and telephone utilities contracts.

ARTICLE 4 - PRICE

4.1     TERMS AND CONDITIONS DEFINING THE BUSINESS TRANSFER PRICE

The Business transfer price, not including the merchandise related thereto
represents a total amount of (one million eleven thousand two hundred and sixty
five (1,011,265) Euros, i.e six million six hundred and thirty three thousand
four hundred and sixty three point six (6,633,463.6) French francs, allocated as
follows:

-       nine hundred and forty nine thousand four hundred and twenty one
        (949,421) Euros, i.e, six million two hundred and twenty seven thousand
        seven hundred and ninety three point fifty five (6,227,793.55) Francs
        for the intangible assets referred to in ARTICLE 2 hereinabove

-       sixty one thousand eight hundred and forty four (61,844) Euros, i.e
        four hundred and five thousand six hundred and seventy point zero five
        (405,670.05) francs for the tangible assets referred to in ARTICLE 2
        hereinabove

[The transfer price of the merchandise that belongs to the Business represents a
French Franc amount, taxes not included of FF 6.224.232,60].

The above mentioned price allocation is solely for the purpose of compliance
with the provisions of article 1 of March 17, 1909 law and the Transferor and
the Transferee covenant

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by mutual agreement that this price allocation shall under no circumstances give
right to any consequence or claim regarding the valuation of the assets taken
separately.

4.2     TERMS AND CONDITIONS FOR PAYMENT OF THE BUSINESS TRANSFER PRICE

(i)     The transfer price of the intangible and tangible assets of the Business
        referred to in ARTICLE 2 hereinabove paid today by the Transferee to:

        - the Escrow by way of bank wire, for an amount of five hundred thousand
          (500,000) Euros, i.e. three million two hundred and seventy nine
          thousand seven hundred and eighty five (3,279,785) French Francs,
          (hereinafter referred to as the "Portion of transfer price payable on
          account to the escrow")

        - the Transferor's nominated account by way of a bank wire for an amount
          of one hundred and sixty one thousand two hundred and sixty five
          (161,265) Euros, i.e. one million fifty seven thousand eight hundred
          and twenty nine point one (1,057,829.1) French Francs,

        The balance of the transfer price corresponding to the intangible assets
        [and tangible assets] of the Business, i.e. three hundred fifty thousand
        (350,000) Euros or two million two hundred and ninety five thousand
        eight hundred and forty nine point fifty (2,295,849.50) French Francs,
        will be paid by the Transferee to the Transferor according to the
        following terms and conditions:

        - thirty seven thousand five hundred (37,500) Euros (i.e. two hundred
          and forty five thousand nine hundred and eighty four (245,984) French
          Francs) as at December 1, 2000, March 1, 2001, June 1, 2001 and
          September 1, 2001

        - fifty thousand (50,000) Euros (i.e. three hundred twenty seven
          thousand nine hundred and seventy eight point fifty (327,978.50)
          French Francs) as at December 1, 2001, March 1, 2002, June 1, 2002 and
          September 1, 2002.

(ii)    [The transfer price for the merchandise belonging to the Business
        referred to in ARTICLE 2 will be paid by the Transferee to the
        Transferor at Completion Date, after deduction of the amounts referred
        to in paragraph 3.1 [and, after off-setting of the amounts due by
        Transferor to Transferee by virtue of the "Receivables on Contracts in
        Progress].

ARTICLE 5 - REPRESENTATIONS AND WARRANTIES

5.1     THE TRANSFEROR REPRESENTS AND WARRANTS THAT:

Transferor represent and warrants to Transferee the following, with it being
stipulated that the representations and warranties are an essential factor in
the consent of the Transferee to the acquisition of the Business as defined in
ARTICLE 2 herein above.

5.1.1   TRANSFEROR FINANCIAL POSITION

The corporate accounts of the DAM Company regarding the most recent financial
year ended June 30, 1999, a copy of which is given in Schedule 6 have been
established in conformity with the generally accepted accounting principles of
France. These principles have been

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applied in an on-going manner. These accounts are an exact reflection of the
actual financial position of the DAM Company at the closing of the most recent
financial year.

The corporate accounts have been kept in compliance with standard practices and
give an accurate account of the business financial standing; all of the
financial information regarding the Business has been communicated to
Transferee; this information has been prepared in compliance with the standard
and acceptable trade and accounting practices and are neither incorrect nor
likely to be misleading in any way.

At this time, the Transferor is not likely to be nor has said Transferor ever
been in a state of default on payments, court ordered financial recovery or
bankruptcy proceedings. Transferor has never been in a position of insolvency or
inability to pay its debts and no court ordered receiver or negotiater has ever
been appointed to manage the DAM company. There has been no "bankruptcy alert
procedure", whether in application of the March 1, 1984 law or any other texts
applicable intended to prevent financial difficulties for the DAM company, and
the latter has never entered into nor is it about to enter into any such
procedure.

5.1.2   BUSINESS OWNERSHIP

Transferor is the lawful owner, without contest, restriction, reservation or
any obstacle whatsoever of the Business which it has created; Transferor
represents and warrants that the Business has never been entrusted into a
management lease situation and more generally that no third party has ever held
any right whatsoever on the Business likely to enable such a third party to
claim all or part of the ownership or the right to run the Business.

The Business has not been subject to any registration of pledge whatsoever as
certified by the statement of preferential rank or any other type of lien
obtained as of today from the clerk of the Montereau commercial court.

The transfer of the Business is not in contradiction with any of the
obligations of the DAM company.

There is no prohibition of an administrative court or any other type to the
running of the Business or its transfer.

More generally, there is nothing which is in opposition to the Transferee
having unencumbered enjoyment of ownership of the Business as from Completion
Date.

5.1.3   ASSETS MAKING UP THE BUSINESS

(i)     EQUIPMENT AND FURNITURE

        The equipment and furniture transferred under the terms of this
        agreement are free of any pledge, surety or restriction of use or of
        any other charge whatsoever.

(ii)    [MERCHANDISE

        The Business consists of merchandise in sufficient quantity and of good
        and marketable quality; this merchandise is not subject to any lien,
        pledge, preferential,

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          rank and more generally to any surety; this merchandise may be used
          in the standard normal Business activities].

(iii)     EMPLOYMENT CONTRACTS

          There are no other employees contributing to the running of the
          Business other than those whose names and employment contracts are
          listed in SCHEDULE 4. In this respect, the Transferor shall expressly
          indemnify the Transferee for full damages which could be incurred in
          case of inaccuracy of this representation.

          The employees connected to the Business are subject to the following
          collective bargaining agreement: Whole sale ("Commerce de gros").

          With the exception of the application of the above mentioned
          collective bargaining agreement, the employees are not entitled to
          any specific benefits, whether in kind or on an exceptional basis,
          nor are they entitled to payment of any pensions or any other
          severance pay for departures due to any reasons whatsoever.

          None of the employees connected to the Business have served notice of
          resignation nor have they received notice of dismissal, nor are there
          any dismissal proceedings being notified. There is no amount due to
          any of these employees by virtue of a dismissal or a resignation.
          Social security contributions owed by virtue of salaries paid to
          these employees have been duly paid in a timely manner.

(iv)      CONTINUITY OF CONTRACTUAL RELATIONS

          The transfer of the Business will have no impact on on-going
          contractual relations of the Business for which the Transferor
          guarantees namely to Transferee the free transfer thereof, to the
          latter's benefit.

          Any trade transactions have been made by the Transferor under normal
          operating conditions of the Business at ARM'S LENGTH, without any
          illicit discrimination.

          No contracts have been entered into in connection with the running of
          the Business other than those listed in SCHEDULE 7.

(v)       INSURANCE POLICIES

          The running of the Business is sufficiently and appropriately insured
          with an insurance company having a reputation of solvency covering
          the property making up the Business and the risks to which the
          Business may be exposed as well as the employees related thereto
          namely as regards civil liability. A list of the insurance policies
          is given in SCHEDULE 8.

          Transferor is up to date in payment of all premiums and has complied
          with all formalities required for these insurance policies. These
          policies are in conformity with the provisions of the lease indicated
          in SCHEDULE 8.

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        The running of the Business has not been subject to any loss of a nature
        such that it would entail a slowing down of the normal continuance of
        business activity, or entail a material increase of premiums or excess
        deductible amounts.

(vi)    DISPUTES

        Running of the Business has not given rise to any court cases,
        litigation, disputes or arbitration, whether as plaintiff or defendant
        [with the exception of a case with (i) the AUCHAN company described in
        SCHEDULE ___ for which Transferor undertakes to be fully responsible
        regarding all costs in connection with the follow-up of this case as
        well as make payment for any amounts which would be owed by the
        Transferee as a result of this dispute] and (ii) M6/Australian for
        which the outcome will be respected by both parties except for the part
        of the court decision for expenses allowance which will be 100% for the
        benefit of the Transferee since he has paid all the expenses for legal
        advise.

        There is no procedure, action, or any claim of any nature whatsoever,
        nor is there about to be any such event by virtue of the running of the
        Business by the Transferor, action against the Transferor, or against
        any party whose action would be likely to involve the liability of the
        Transferor. There is no likelihood of any such action, procedure or
        claim taking place.

(vii)   LEASE

        The lease indicated in SCHEDULE 3, which namely concerns the Premises
        has been amended by a rider dated 18/8/00, which is indicated in
        SCHEDULE 3 to this Business Transfer Agreement, in order to exclude
        said Premises from the lease as from the Completion Date. Therefore, at
        this time, the Transferor is no longer bound by any lease whatsoever
        with regard to the Premises.

(viii)  TAX REGULATIONS

        All taxes, contributions, duties and other legal charges or contractual
        charges regarding the running of the Business by the Transferor have
        been fully paid by said Transferor.

5.2     TRANSFEREE REPRESENTATIONS AND WARRANTIES

The Transferee represents and warrants the following:

(i)     The Transferee represents that all of the conditions for qualified
        running of the business have been fulfilled.

(ii)    The Transferee has never been subject to any court sentence or civil
        suit sanctions of a nature that would prohibit the running of the
        Business.

(iii)   The Transferee shall be solely responsible all for contracts and
        insurance policies related to the Business as from the Completion Date
        such that the Transferor shall be held harmless.

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(iv)   The Transferee will pay all the direct and indirect charges of its
       running of the Business as from the Completion Date. In particular, said
       Transferee will pay as from said date the taxes, duties, contributions,
       business licence fees and other charges of any nature whatsoever related
       to the running of the Business which could arise as from the Completion
       Date.

5.3    REPRESENTATIONS ACCORDING TO THE JUNE 29, 1935 LAW (ARTICLE 12)

The Transferor represents as follows in compliance with the June 29, 1935 law:

(i)    ORIGIN OF TITLE

The Transferor represents that it is the owner of the Business and had created
it as of October 19, 1992, date when it entered into an agreement with
Universal Electronics Inc. concerning exclusive distribution of products for
the French territory.

(ii)   LEASE

It is pointed out that the Premises are no longer the subject of any lease
granted to Transferor.

The Premises where necessary will be the subject of the new lease to be granted
by DAM SA company to the benefit of the Transferee.

(iii)  TURNOVER AND TRADING PROFITS

The Transferor represents that as regards turnover and trading profits, and
according to tax returns and accounting documents submitted, the turnover for
the running of the Business has been for the preceding three financial years:

- Financial year ended on June 30, 1998: 23,991,337 FRF
- Financial year ended on June 30, 1999: 19,106,177 FRF
- Financial year ended on June 30, 2000: 21,400,000 FRF
From July 1, 2000 to the Completion Date: 2,768,000 FRF

Trading profits realised during the same period represent:

- Financial year ended on June 30, 1998: 2,445,423 FRF
- Financial year ended on June 30, 1999: 2,344,801 FRF
- Financial year ended on June 30, 2000: 2,380,000 FRF
From July 1, 2000 to the Completion Date: 304,480 FRF

The parties hereby review and approve all of the accounting documents for the
preceding three financial years as well as the inventory which has been drawn
up and for which each of the parties represents having a copy.

ARTICLE 6 - ESCROW

The Portion of the Price Payable on Account to the Escrow has been paid today
by the Transferee to the Escrow by bank wire for an amount of five hundred
thousand (500,000)

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Euros, i.e. three million two hundred and seventy nine thousand seven hundred
and eighty five (3,279,785) French Francs to the order of the Escrow.

The Parties acknowledge that the total amount of interests generated by the
Portion of the Price Payable on Account to the Escrow will be paid by the
Escrow to the Transferor at the end of the period for any creditor opposition
to the transfer.

The Portion of the Price Payable on Account to the Escrow cannot be paid by the
Escrow to the Transferor without the presence and cooperation of the Transferee
and this cannot take place until the end of the period for any creditor
opposition to the transfer and upon substantiating documents submitted by the
Transferor regarding:

1.    the striking off from of any records of encumbrances on the Business,

2.    the withdrawal of any oppositions which may have been made,

3.    the payment of any direct and indirect taxes which could be owing by the
      Transferor prior to or because of the transfer of the Business,

4.    the settlement of any amounts which could be owing to the URSSAF, the
      ASSEDIC by the Transferor and, more generally, to any agencies responsible
      for the collection of taxes and other specific taxes,

      all in such a way that the Transferee is held harmless at all times from
      any court action taken by possible creditors of Transferor and is not
      subject in any way to any prejudice in the running of the Business.

The Transferor and the Transferee entrust the Escrow with the irrevocable
assignment of settling any outstanding payments owed to creditors of the
Transferor, after the end of the period for opposition and according to the
rank conferred upon them by law, except for unsettled claims with Universal
Electronics Inc. company or any related companies in connection with the
previous distribution agreement.

In case of insufficient amount to pay creditors of a preferential rank who may
have opposed the transfer and after failure to reach an out of court
settlement regarding the price allocation, failing the parties being able to do
so, at the end of a period of 3 months as provided by article 19 of the June
29, 1935 law, the Escrow will be able to petition the presiding judge of the
court of commerce for an interim decision under a summary proceeding, to be
released from the assignment of Escrow into the hands of whomsoever it shall
concern.

ARTICLE 7 -- PRICE ALLOCATION

The Escrow will be released from its assignment:

(i)   if there are no creditors:

      by making payment of the price to the Transferor, at the end of the legal
      period for creditor oppositions and after submission by said Transferor of
      substantiating documents proving payments of the taxes owed by the latter
      as indicated herein above.

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(ii) if there are creditors:

-    either by settlement of their respective debts, in conformity with the law,
and payment to Transferor of the available balance,

-    or by the payment of the amount, held in escrow, into the hands of the
party appointed by the presiding judge ruling under the summary proceeding,
accounting to the conditions stipulated herein above.

The fees for the Escrow and possibly for the price allocation shall be at the
charge of the Transferor and calculated according to the method which follows:

-    escrow fees:

-    allocation fees:

ARTICLE - FORMALITIES

The Transferee shall ensure that the legal announcement and registration
formalities resulting from the establishment of this agreement are carried out
within the legal time period set forth, under the March 17, 1909 law.

If the carrying out of the legal announcement formalities reveals any
restrictions and/or oppositions on the Business or regarding the price of this
transfer made by claimants, then the Transferor shall undertake to bear all the
charges necessary to withdraw said oppositions within a thirty (30) day period
following receipt of such oppositions served to its elected domiciliation as
indicated herein below.

ARTICLE 9 - WAIVER WITH REGARD TO THE PARTY DRAFTING THIS DOCUMENT

The parties acknowledge that they have not asked the party drafting this
Business Transfer Agreement to verify the accuracy of the representations made
by the Transferor according to the terms of this agreement and in this respect,
they release the party drafting this agreement from any liability by virtue of
other facts which may arise subsequent to this agreement regardless of their
nature and their scope.

ARTICLE 10 -- DECLARATION OF SINCERITY

The Parties have been informed by the party drafting this agreement and
acknowledge that they are aware of sanctions applicable in case of inaccurate on
intentionally misleading information regarding transfer prices, or regarding
wrongful representation of sincerity or of the State's preemptive right on
Business assets sold.

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The Transferor and Transferee represent and warrant, under penalties provided
by article 1938 of the French tax code and by article 8 of the law of April
8,1915 that this transfer agreement stipulates the total amount of the agreed
price at the Date of Completion.

ARTICLE 11 -- VAT REGISTRATION

The parties require registration of this Business Transfer Agreement.

For the purposes of registration, it is stipulated that to the knowledge of the
Transferor, there is no liability in connection with the financing of the
assets transferred.

The Transferee undertakes to subject all future transfers of assets to VAT tax
and to perform, as necessary all formalities provided under articles 210 and
215 of Annex II of the French Tax Code as would have been required if the
Transferor had continued to use such assets.

ARTICLE 12 -- ONE FOR ALL MERCHANDISE NOT TRANSFERRED TO THE TRANSFEREE

The parties acknowledge that the One For All merchandise, listed hereafter,
which were not transferred by the Transferor in the framework of this business
transfer agreement and thereby remaining the property of the Transferor, may
only be transferred to the current clients of the Business after notification
to the Transferee in case this could affect the relationship between clients
and the Transferee and under the further condition that such products are only
sold on behalf of DAM and this without warranty being given by the Transferee
or related company. The Transferor will be held solely liable for any defects
in such products and other obligations related thereto. It is agreed that the
products not transferred shall henceforth be deemed to be manufactured by the
Transferor.

ARTICLE 13 -- ELECTION OF DOMICILE

For the performance of this agreement and its subsequent terms, the Parties
elect domicile at their respective registered offices as indicated herein above.

For receipt, notification and payment of claims made by creditors on transfer
price, correspondence and return of documents, the parties elect domiciles at
Fontainebleau.

ARTICLE 14 -- JURISDICTION

The parties covenant that for any dispute arising over this agreement the
Montereau Commercial Court shall be the competent jurisdiction.

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ARTICLE 15 -- COSTS AND POWERS OF ATTORNEY

Duties, expenses and fees incurred in the setting up and performance of this
agreement, including registration fees, shall be borne by the Transferee who
undertakes to ensure their payment.

ARTICLE 16 -- SCHEDULES

Schedule 1: list of equipment and furniture
Schedule 2: list of merchandise
Schedule 3: lease and rider to this lease agreement
Schedule 4: list of employees connected with the Business
Schedule 5: list of agreements in the process of being transferred
Schedule 6: Transferor's corporate accounts
Schedule 7: contracts and agreements connected with the running of the Business
            for which the term extends beyond December 31, 2000.
Schedule 8: list of insurance policies.
Schedule 9: list of products not purchased by the Transferee

Established in 25/8/00.
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On FONTAINEBLEAU.
   ------------------------
In 2 originals
   -

For the DAM Company                    /s/ LOUIS RADEMAKERS
Mr. Didier Briad                       -----------------------------------------
/s/ DIDIER BRIAD                       Mr. Louis Rademakers acting for and on
                                       behalf of the company One For All in the
                                       process of being incorporated.

                                       12

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