Document:

Unassociated Document

    Exhibit
10.1

    

    AMENDMENT
ONE

    FIRST
COMMUNITY BANCSHARES, INC.

    DEFERRED
COMPENSATION

    AND
SUPPLEMENTAL BONUS PLAN FOR KEY EMPLOYEES

    

    First
Community Bancshares, Inc. (“Corporation”), pursuant to Section 7 of the First
Community Bancshares, Inc. Deferred Compensation and Supplemental Bonus Plan for
Key Employees (the “Plan”), hereby amends and terminates the Plan as of December
31, 2010 as follows:

    

    
      	
               
      

            	
              1.

            	
              All
      references to termination of employment contained in the Plan shall have
      the same meaning as the phrase “termination of employment” is defined in
      Treas. Reg. § 1.409A-1(h).

            

    

    

    
      	
               
      

            	
              2.

            	
              The
      last sentence of Section 4(a) of the Plan shall be deleted in its entirety
      and replaced with the following:

            

    

    

    Distribution
of all amounts credited to the Participant’s Account shall be made in the form
(installment payments or lump sum) as selected in the deferral election form(s)
submitted by the Participant with respect to the deferred
compensation.

    

    
      	
               
      

            	
              3.

            	
              The
      last sentence of Section 4(b) of the Plan shall be deleted in its entirety
      and replaced with the following:

            

    

    

    Distribution
of all amounts credited to the Participant’s Account shall be payable in a lump
sum with such payment being owed no later than the first day of the month
following sixty days after the Participant’s death.

    

    
      	
               
      

            	
              4.

            	
              Section
      4(c) of the Plan shall be deleted in its entirety and replaced with the
      following:

            

    

    

    Upon the
death of the Participant prior to complete distribution to him of the entire
balance of his Account (and after the date of termination of service or
employment with the Corporation and all other Employers), the balance of his
Account on the date of his death, shall be payable to the Participant’s
designated beneficiary or beneficiaries in a lump sum payable no later than the
first day of the month following sixty days after the Participant’s
death.

    

    
      	
               
      

            	
              5.

            	
              Section
      4(d) of the Plan shall be deleted in its
  entirety.

            

    

    

    
      	
               
      

            	
              6.

            	
              Section
      8 of the Plan shall be deleted in its entirety and replaced with the
      following:

            

    

    

    The Board
may terminate the Plan at any time.  The termination of the Plan shall
not cause immediate distributions to any participant.  Rather,
following termination of the Plan, amounts credited to a Participant’s Account
shall be distributed in the same manner and time previously selected in the
deferral election form(s) submitted by the Participant.  No additional
amounts shall be credited to the Account of a Participant following termination
of the Plan other than earnings thereon credited pursuant to Section
3.Exhibit 10.1

              	
                Transfer
      of Shares agreement with DLB Finance and Consultancy
  B.V.

              

      

    

     

    TRANSFER
OF SHARES

     

    Today, the fifteenth of October two
thousand ten, appeared before me, mr ANTONIUS LAMBERTUS GERRIT
ROCHUS VAN GRINSVEN, civil-law notary practising in the municipality of Loon op
Zand:

    
      
        	
              	
                1.

              	
                Mr
      Dirk Leonard Benschop, resident of Laakseweg 24, Etten-Leur 4874 LV, born
      in Rotterdam on the twentieth of August nineteen hundred sixty-seven
      (driving licence number 4609850106, issued in Etten-Leur on the eleventh
      of April two thousand seven), and married, acting in this
      matter:

              

      

    

    
       

    

    
      
        	
              	
                a.

              	
                as
      managing director of the private company with limited liability DLB FINANCE &
      CONSULTANCY B.V:. with registered office in Utrecht and principal
      place of business at Laakseweg 24, Etten-Leur 4874 LV, entered in the
      commercial register under number 20085504, and as such authorised to
      legally represent the aforementioned private company with limited
      liability in this matter;

              

      

    

    the
private company with limited liability DLB Finance & Consultancy
B.V. hereafter also referred to as: "the seller";

    
      
        	
              	
                b.

              	
                as
      director of the company under the law of the state of Florida (United
      States) TELECONNECT
      INC, with principal place of business at Oude Vest 4, Breda 4811
      HT, and as such authorised to legally represent the aforementioned company
      in this matter,

              

      

    

    the
company under the law of the state of Florida (United States) Teleconnect Inc
hereafter also referred to as: “the buyer”;

    
      
        	
              	
                2.

              	
                Mr Sander Ewout
      Sciarone, resident of Dennenlaan 1, Fijnaart 4793 BL, born in Gouda on the
      fourth of March nineteen hundred seventy-two, (passport number NNF6072J5,
      issued in Moerdijk on the nineteenth of September two thousand seven), and
      married, acting
      in this matter as managing director of the private company with limited
      liability Sciarone Interim Sales B.V., with registered office and
      principal place of business at Laakseweg 24, Etten-Leur 4874 LV, entered
      in the commercial register under number 27015616, and as such authorised
      to legally represent the aforementioned private company with limited
      liability in this matter, the private company with limited liability
      Sciarone Interim Sales B.V. acting in this matter as managing director of
      the private company with limited liability WILROOT
      B.V., with registered office and principal place of business at
      Laakseweg 24, Etten-Leur 4874 LV, entered in the commercial register under
      number 20136338, and as such authorised to legally represent the
      aforementioned private company with limited liability in this matter; the
      private company with limited liability Wilroot B.V. hereafter also
      referred to as: "the
  company".

              

      

    

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    INTRODUCTION/PURCHASE
AGREEMENT

    The
persons appearing, acting in the aforesaid capacity, declared the following in
advance:

    -     On
the fifteenth of October two thousand ten, an agreement of sale and purchase was
established between the seller and buyer with regard to shares to be reported
below, a copy of which agreement of sale and purchase shall be appended to this
deed and the annexes of which agreement of sale and purchase are filed at the
offices of me, the civil-law notary, and therefore under the custody of me, the
civil-law notary;

    - The
transfer of the shares described in the agreement of sale and purchase shall
take place by this deed.

    

    EXECUTION / MANNER OF
ACQUISITION OF OWNERSHIP (TITLE)

    In
execution of the aforementioned agreement of sale and purchase dated the
fifteenth of October two thousand ten, the persons appearing, acting in the
aforesaid capacity, declared that the seller hereby transfers to the buyer, who
hereby accepts:

    ownership of the forty-five (45) shares registered to the
seller's name in the shareholder register, numbered 91 through 135, each of
nominal value of one hundred euros (€ 100.00) in the capital of the company,

    hereafter
also referred collectively to as: "the shares",  which
shares were acquired in ownership by the seller by participation in the capital
upon the incorporation of the company.

    

    PURCHASE
PRICE

    With
regard to the purchase price and the manner in which it shall be paid by the
buyer, the parties referred to the aforementioned agreement of sale and
purchase.

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    SELLER'S
GUARANTEE

    The
seller guarantees the following:

    
      
        	
              	
                -

              	
                The
      company is entered in the Chamber of Commerce and Industry for the
      South-western Netherlands under number
20136338.

              

      

    

    
      
        	
              	
                -

              	
                The
      company's annual report and accounts for the financial year two thousand
      nine and previous years have been filed at the office of the commercial
      register.

              

      

    

    
      
        	
              	
                -

              	
                The
      company was incorporated by deed executed on the twenty-eighth of December
      two thousand seven before mr M.J.
      Moerland-Jansen, civil-law notary in Brielle, for which articles of
      association the ministerial certificate of no objection was issued by
      decision of the Ministry of Justice on the twenty-ninth of November two
      thousand seven under number B.V.
1465507.

              

      

    

    The
company's articles of association were subsequently amended by a deed executed
today before me, the civil-law notary, for which amendment of the articles of
association the ministerial certificate of no objection was issued by decision
of the Ministry of Justice on the thirteenth of October two thousand ten under
number B.V. 1465507. Since that time, no resolution to amend the articles of
association or dissolve the company has been adopted.

    
      
        	
              	
                -

              	
                No
      one has any entitlement in respect of the company to an issue of shares in
      the company’s capital.

              

      

    

    The
company has not issued any options or entered into any obligations in relation
to shares in the company that have not yet been placed.

    
      
        	
              	
                -

              	
                The
      shareholder register is present and has been regularly
      updated.

              

      

    

    
      
        	
              	
                -

              	
                There
      are in total one hundred eighty (180) shares, numbered 1 to 180, each with
      nominal value of one hundred euros (€ 100.00) of the company issued, which
      shares are all entirely fully paid-up and no depositary receipts for
      shares in the company's capital have been
  issued.

              

      

    

    
      
        	
              	
                -

              	
                There
      are forty-five (45) shares, numbered 91 through 135, each with nominal
      value of one hundred euros (€ 100.00) placed with the
    seller.

              

      

    

    
      
        	
              	
                -

              	
                The
      seller is the lawful owner of the shares to be transferred by this deed,
      in accordance with the company's shareholder
  register.

              

      

    

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    
      
        	
              	
                -

              	
                There
      are no options or other rights pursuant to which anyone can lay claim to
      one or more of the shares to be transferred by this deed or pursuant to
      which anyone can demand that such a right be provided
  him.

              

      

    

    
      
        	
              	
                -

              	
                The
      shares to be transferred are entirely free of attachment, pledge and any
      other security right and no usufruct or other right of enjoyment has been
      established on them; nor can anyone whosoever demand that such rights be
      granted him; the seller has full authority to dispose of these shares by
      transferring them.

              

      

    

    
      
        	
              	
                -

              	
                As
      evidenced by a written statement from all the company's shareholders,
      indicated by the aforementioned agreement of sale and purchase, the
      application of the transfer restrictions included in the company's
      articles of association may be omitted with regard to the transfer at
      hand.

              

      

    

    

    With
regard to other guarantees and statements relating to the company, the seller
and buyer referred to the guarantees and statements included in the
aforementioned agreement of sale and purchase, the content of which annex the
seller and buyer declared they were satisfactorily familiar with and a copy of
which agreement shall be appended to this deed.

    

    OTHER
PROVISIONS

    This
agreement of sale, purchase and transfer has also been entered into under the
following provisions and clauses:

    
      
        	
              	
                a.

              	
                the
      seller guarantees the buyer of the accuracy of its statements included
      above;

              

      

    

    
      
        	
              	
                b.

              	
                from
      the first of October two thousand ten, the sold and transferred shares are
      entirely to the benefit and at the expense and risk of the
      buyer;

              

      

    

    
      
        	
              	
                c.

              	
                the
      parties waive all rights and actions which could result in dissolution or
      annulment of the aforementioned agreement of sale and purchase appended to
      this deed and/or the transfer described in this
  deed;

              

      

    

    
      
        	
              	
                d.

              	
                all
      costs of this deed and its execution are at the buyer's
      expense.

              

      

    

    

    The other
provisions agreed between the seller and buyer are set down in the
aforementioned agreement of sale and purchase dated the fifteenth of October two
thousand ten and appended to this deed, including in particular especially the
annexes belonging to this agreement of sale and purchase and appended to this
agreement. The provisions and clauses included in the aforementioned agreement
of sale and purchase and in the aforementioned annexes are regarded as literally
constituting part of this deed. In the event of differences of interpretation
relating to the provisions of this deed and the provisions of the aforementioned
agreement of sale and purchase, the provisions of the aforementioned agreement
of sale and purchase as well as the provisions of the aforementioned annexes
shall have priority.

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    ACKNOWLEDGEMENT

    The
person appearing listed in 2, acting in the aforesaid capacity, acknowledges the
transfer of shares in the company's capital that is set down in this
deed.

    

    CHANGE OF MANAGEMENT
BOARD

    In
accordance with a unanimous resolution (taken outside the meeting) by the
shareholders, with effect from the signing of this deed, the private company
with limited liability DLB Finance & Consultancy B.V., aforementioned,
resigns as managing director of the company.

    

    SECTION 204C, BOOK 2 OF THE
DUTCH CIVIL CODE

    The
person appearing listed in 1, acting in his capacity reported in b, also
declared that section 204c, Book 2 of the Dutch Civil Code does not apply in
this case.

    

    DUTCH
LAW

    This
agreement/deed is exclusively governed by the law of
the Netherlands.

    

    REGISTERED
PARTNERSHIP

    Where in
this deed a legal effect is made dependent on whether or not a person is married
or on a legal fact directly connected with marriage, a registered partnership is
equated with marriage, unless this equivalence is explicitly deviated from in
this deed.

    

    FINAL
STATEMENTS

    The
persons appearing, acting in the aforesaid capacity, also declared the
following:

    
      
        	
              	
                a.

              	
                According
      to statements by the seller and buyer, this transfer does not involve the
      acquisition of shares as referred to in section 4 of the Legal
      Transactions (Taxation)
Act.

              

      

    

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    
      
        	
              	
                b.

              	
                According
      to a statement from the seller, in at least the last five years, there has
      been no appeal to an exemption or concession in the sense of the Legal
      Transactions (Taxation) Act by the company, the seller or a third party
      which stipulated the requirement that the seller had to remain shareholder
      of the company for a certain period of
time.

              

      

    

    

    CHOICE OF ADDRESS FOR
SERVICE

    For the
execution of this agreement, and for its fiscal consequences and requests for
rectification, the office of the custodian of this deed is chosen as address for
service.

    IDENTITY OF THE PERSONS
APPEARING

    The
persons appearing are known to me, the civil-law notary and the identity of the
persons/parties appearing in relation to this deed was determined by me, the
civil law notary, based on the above-mentioned documents intended for that
purpose.

    

    THE
ORIGINAL OF THIS DEED

    was
executed at Kaatsheuvel on the date cited in the preamble of this deed. The
substance of this deed was communicated and explained to the persons appearing.
The persons appearing then unanimously declared that they did not require the
deed to be read out in full, that they had received a draft deed well in advance
of execution, that they had taken note of the content of the deed and that they
agreed to the content. The deed was read out in part and signed immediately
thereafter by the persons appearing and by me, the civil-law notary, at two
minutes past twelve.

     

    
      
        
          	
                  Signatures
      follow.

                	 
      
	 
      	
                  CERTIFIED

                  AS
      A TRUE

                  COPY

                
	 
      	
                  [signature]

                

        

      

    

     

    [stamp:
mr A.L.G.R. VAN
GRINSVEN, CIVIL-LAW NOTARY IN LOON OP ZAND]

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    
      AGREEMENT
FOR THE PURCHASE AND SALE OF THE SHARES IN THE

      SHARE
CAPITAL OF THE PRIVATE COMPANY WILROOT B.V.

    

    
      

    

    
      the
undersigned:

    

    
      

    

    
      
        	
              	
                1.

              	
                the
      company under the law of the state of Florida TELECONNECT INC.,
      hereinafter “TLCO” or “buyer,” with registered office and place of
      business at Oude Vest no. 4, Breda, the Netherlands, postal code 4811 HT,
      duly represented in this matter by its managing director Dirk Leonard
      Benschop;

              

      

    

    
      

    

    
      
        	
              	
                2.

              	
                the
      private company with limited liability DLB FINANCE & CONSULTANCY
      B.V., hereinafter "DLB", with its registered office in Utrecht and
      place of business at Laakseweg no. 24, Etten-Leur, the Netherlands, postal
      code (4874 LV), duly represented in this matter by its managing director
      Dirk Leonard Benschop;

              

      

    

    
      hereinafter
also referred to as: “seller”

    

    
      

    

    
      
        	
              	
                3.

              	
                the
      private company with limited liability WILROOT B.V.,
      hereinafter “Wilroot” or “the company,” with its registered office and
      place of business at Laakseweg no. 24, Etten-Leur, the Netherlands, postal
      code (4874 LV), duly represented in this matter by its managing directors
      Sciarone Interim Sales B.V. (duly represented by its managing director
      Sander Ewout Sciarone), HITD Information Technology B.V. (duly represented
      by its managing director Henderik Reinout Benschop), DLB Finance &
      Consultancy B.V. (duly represented by its managing director Dirk Leonard
      Benschop), and Marcus Communicatie B.V. (duly represented by its managing
      director Marcus Kurt
Ouwerling)

              

      

    

    
      

    

    
      
        	
              	
                4.

              	
                the
      private company with limited liability HOLLANDSCHE EXPLOITATIE
      MAATSCHAPPIJ B.V., hereinafter “HEM” or “the subsidiary,” with its
      registered office in Etten-Leur and place of business at Oude Vest no. 4,
      Breda, the Netherlands, postal code (4811 HT), duly represented in this
      matter by its managing directors (1) Wilroot, the aforementioned, and (2)
      the private company with limited liability PECK Management B.V., which in
      turn is duly represented in this matter by its managing director, the
      private company with limited liability KICO Investments B.V., which in
      turn is duly represented in this matter by Ernest Johannes Gerardus
      Wilhelmus Maria van Langh

              

      

    

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    
      whereas:

    

    
      
        	
              	
                -

              	
                the
      Seller is the owner of 45 (forty-five) registered shares, numbered 91
      through 135, each with a face value of € 100 (one hundred euro), in the
      issued share capital of Wilroot, which shares, together with the shares of
      HITD Information Technology B.V., Sciarone Interim Sales B.V. and Marcus
      Communicatie B.V., represent the entire issued and paid-up share capital
      of Wilroot;

              

      

    

    
      
        	
              	
                -

              	
                the
      buyer wishes to purchase the shares from the seller, and the sellers wish
      to simultaneously sell the shares to the buyer under the conditions set
      out hereinafter;

              

      

    

    
      
        	
              	
                -

              	
                the
      parties have set out their intentions in a letter of intent signed on 3
      May 2010, and that this letter of intent is confirmed and further
      elaborated in this contract;

              

      

    

    
      
        	
              	
                -

              	
                that
      the premise of the letter of intent was that the buyer would take over the
      shares in the issued share capital of the subsidiary (HEM), but that after
      that time the parties resolved that the buyer would take over the shares
      in the issued share capital of the company (Wilroot) and thereby
      indirectly take over the shares in the issued share capital of the
      subsidiary (HEM);

              

      

    

    
      
        	
              	
                -

              	
                after
      the signing of the letter of intent, a value appraisal was performed at
      the buyer’s request;

              

      

    

    
      
        	
              	
                -

              	
                in
      its meeting of 8 October 2010, the buyer’s general meeting of shareholders
      granted its required approval of this participation in the capital of the
      company;

              

      

    

    
      
        	
              	
                -

              	
                the
      articles of association of the company include a system governing the
      offer of the shares, and that by signing this agreement the seller
      acknowledges that all shareholders have offered the shares to each other,
      that they have not availed themselves of this offer, and that each are now
      free to offer their shares to a third party, being the buyer in this
      instance

              

      

    

    
      
        	
              	
                -

              	
                the
      seller is also the managing director of the company, and as such will step
      down as managing director as of the moment of the
  takeover;

              

      

    

    
      

    

    
      declare
that they agree as follows:

    

    
      

    

    
      
        	
              	
                Article 1

              	
                Sale
      and transfer in title of the
shares

              

      

    

    
      
        
          	
                	
                  1.1 

                	
                  The
      seller hereby sells to the buyer as of 15 October 2010 (hereinafter also
      to be referred to as “the transfer date”), and the buyer hereby purchases
      under the conditions specified hereinafter and in observance of all
      representations and warranties given thereby, 45 shares, each with a face
      value of € 100 (one hundred euro), numbered 91 through
  135.

                

        

      

    

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    
      
        
          	
                	
                  1.2 

                	
                  As
      of 1 October 2010, the shares are at the expense and risk of
      the buyer, so that as of that date the buyer will be authorized to
      participate in the result of the
company.

                

        

      

    

    
      
        The
transfer in title of the shares will be effected on the transfer date. The
parties therefore undertake the obligation to, on the transfer date, grant their
cooperation with the signing of the notarial deed for the transfer in title of
the shares in question. The transfer in title of the shares will be effected on
the transfer date before civil law notaries Dierckxsens|Van Grinsven|Franken,
with place of business at Brugske 19, Kaatsheuvel, the Netherlands, postal code
5171 VR.

      

    

    
      

    

    
      
        	
              	
                Article 2

              	
                Exchange
      ratio

              

      

    

    
      

    

    
      
        
          	
                	
                  2.1 

                	
                  The
      parties agree that the seller will not receive the purchase price for the
      shares in cash, but will acquire shares in the share capital of
      Teleconnect.

                

        

      

    

    
      
        	
              	
                2.2

              	
                For
      this acquisition, Teleconnect will issue new shares. After the share
      issue, the seller acquires 0.21% of the shares in the share capital of
      Teleconnect.

              

      

    

    
      
        	
              	
                2.3

              	
                Both
      the buyer and the sellers explicitly declare their acceptance of this
      exchange ratio. The buyer and the sellers hereby explicitly waive any
      right to compensation of any potential discrepancy, whether higher or
      lower, in the ratio of the value of the shares in the share capital of the
      company as compared to the value of the shares in the share capital of the
      buyer to be acquired.

              

      

    

    
      
        	
              	
                2.4

              	
                The
      buyer will ensure that the shares to be issued will be registered in the
      name of the sellers within three business days after the transfer
      date.

              

      

    

    
      
        	
              	
                2.5

              	
                The
      buyer will ensure that for a period of two years, the shares to be issued
      cannot be transferred, and that after this two-year period, the shares
      will be freely negotiable.

              

      

    

    
      

    

    
      
        	
              	
                Article 3

              	
                Transactions
      on date of transfer in title

              

      

    

    
      

    

    
      
        	
                 
      

              	
                3.1

              	
                The
      parties undertake the obligation to effect the transfer in title of the
      shares free of pledge, usufruct or attachment, on the transfer date, by
      means of notarial deed.

              

      

    

    
      
        	
                 
      

              	
                3.2

              	
                The
      company undertakes the obligation to register the transfer in title in the
      company’s register of shareholders after issue of the deed referred to in
      the first paragraph of this
article.

              

      

    

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    
      
        	
                 
      

              	
                3.3

              	
                If
      the seller remains in default of the provision of paragraph 1 of this
      article, the obligation towards the seller for the transfer in title of
      the shares in the share capital of the buyer will be suspended until all
      shares have been duly transferred in title to the buyer in a legally valid
      manner, without prejudice to the buyer's right to demand fulfillment of
      this contract by the seller.

              

      

    

    
      
        	
                 
      

              	
                3.4

              	
                The
      seller hereby irrevocably authorizes the buyer to effect the transfer in
      title of the shares by all means permitted by
  law.

              

      

    

    
      

    

    
      
        	
              	
                Article 4

              	
                Audit
      & Value Appraisal

              

      

    

    
      

    

    
      
        	
                 
      

              	
                4.1

              	
                At
      the instruction of the buyer, the value of the company and the subsidiary
      has now been appraised.

              

      

    

    
      
        	
                 
      

              	
                4.2

              	
                The
      buyer declares that it has sufficiently investigated the company and that
      the findings are in accordance with
  expectations.

              

      

    

    
      

    

    
      
        	
              	
                Article 5

              	
                Intellectual
      property

              

      

    

    
      

    

    
      
        	
              	
                5.1

              	
                The
      subsidiary is active in the development, commercial exploitation and sale
      of machines/sales systems for the retail trade, everything related thereto
      or which may be beneficial thereto, and the performance of age
      verification for the purposes of retail sales, as well as the processing
      of personal data for the purposes of this age verification, all in the
      broadest sense. The seller and/or its managing directors are the title
      holders to the intellectual property rights (including, but explicitly not
      limited to, copyright, patent rights and design rights) relating to these
      products. All intellectual property rights relating to age verification
      are transferred to HEM as a component of the present agreement. The title
      holders will grant their cooperation with all formalities required for
      this transfer.

              

      

    

    
      

    

    
      
        	
                 
      

              	
                5.2

              	
                Any
      costs relating to the formalities required for the transfer of these
      intellectual property rights will be borne by
  HEM.

              

      

    

    
      

    

    
      
        	
              	
                5.3

              	
                This
      contract will be co-signed by the managing directors of the seller in
      their personal capacity as evidence of their consent to the transfer
      referred to in this article. The managing directors of HEM will co-sign
      this contract as evidence of HEM’s acceptance of the rights referred to in
      this article and all obligations associated
  therewith.

              

      

    

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    
      
        	
              	
                Article 6

              	
                Representations
      and warranties

              

      

    

    
      

    

    
      
        	
              	
                6.1

              	
                the
      seller and the company represent and warrant to the
  buyer:

              

      

    

    
      
        	 	
                a.

              	
                that
      the present shares in total comprise the entire issued share capital of
      the company, and that all shares are fully paid
  up;

              

      

    

    
      
        
          
            
              
                	 	
                        b.

                      	
                        that
      at the time of the signing of this contract, the seller is lawful owner
      of these
      shares in accordance with the register of shareholders, a copy of which is
      attached as a schedule to this
agreement;

                      

              

            

          

        

      

    

    
      
        	 	
                c.

              	
                that
      all shares are fully paid-up, free of attachment and entirely
      unencumbered, and that no depositary receipts for shares have been
      issued;

              

      

    

    
      
        	 	
                d.

              	
                that
      the seller has the full right of disposal required to sell and transfer
      the shares in title to the
buyer;

              

      

    

    
      
        	 	
                e.

              	
                that
      no options have been issued or obligations entered into in relation to the
      shares in question and/or presently unsubscribed shares in the company
      under which another party could make a claim for the transfer in title of
      one or more shares;

              

      

    

    
      
        
          
            
              	 	
                      f.

                    	
                      that
      the company has not issued any priority shares or any other
      securities apart
      from the shares currently being
sold;

                    

            

          

        

      

    

    
      
        	 	
                g.

              	
                that
      the articles of association of the company currently read in accordance
      with the text attached to this
contract;

              

      

    

    
      
        	 	
                h.

              	
                that
      no rights as referred to in article 232, Book 2, Dutch Civil Code, have
      been granted that could be compromised in the event of an amendment to the
      articles of association;

              

      

    

    
      
        	 	
                i.

              	
                that
      both the company and the seller in its capacity as shareholder in the
      company have complied with the provisions prescribed by the articles of
      association of the company on the legal validity of the alienation under
      this contract, and that this is evidenced by the minutes of the 8 October
      2010 extraordinary meeting of shareholders of the company, which are
      attached to this contract;

              

      

    

    
      
        	 	
                j.

              	
                that
      the company is the legitimate owner of all shares in the share capital of
      the subsidiary;

              

      

    

    
      
        	 	
                k.

              	
                that
      the company was duly incorporated by deed of 28 December 2007, and that
      the subsidiary was duly incorporated by deed of that same
      date;

              

      

    

    
      
        	 	
                l.

              	
                that
      the company is registered in the trade register of the Chamber of Commerce
      for the Netherlands Southwest under number 20136338 and that the
      subsidiary is registered in the trade register of the Chamber of Commerce
      for the Netherlands Southwest under number 20136334, and that the
      information registered there is
correct;

              

      

    

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

    
      
        	 	
                m.

              	
                that
      no resolution for the dissolution of the company has been adopted, and
      that no claim or request for the dissolution of the company is
      pending;

              

      

    

    
      
        	 	
                n.

              	
                that
      the company is not a party to a legal merger, and that no resolution to
      that effect has been adopted but not yet
  implemented;

              

      

    

    
      
        	 	
                o.

              	
                that
      the company has not made any dividends payable, and that no parties other
      than the shareholders of the company, in their capacity as shareholders of
      the company, have any entitlement to payment of the profit, the reserves
      and/or the liquidation balance of the
company;

              

      

    

    
      
        	 	
                p.

              	
                that
      the company has not adopted a resolution for the further issue of shares,
      nor granted rights to third parties to take shares to be newly issued by
      the company;

              

      

    

    
      
        	 	
                q.

              	
                that
      the company has neither purchased shares in its own capital nor undertaken
      the obligation to do so;

              

      

    

    
      
        	 	
                r.

              	
                that
      the 2009 annual accounts of the company attached to this contract have
      been drafted in accordance with the provisions of law, and that they
      reliably and systematically reflect the assets on 31 December 2009 and the
      result over 2009;

              

      

    

    
      
        	 	
                s.

              	
                that
      the administration of the company is in compliance with all reasonable
      requirements that could be set under article 10, Book 2, Dutch Civil Code,
      and the provisions of title 9 of Book 2 of the Dutch Civil
      Code;

              

      

    

    
      
        	 	
                t.

              	
                that
      the company does not warrant, nor has it warranted in the past, provided
      security for or in any other way committed itself for the obligations of
      third parties;

              

      

    

    
      
        	 	
                u.

              	
                that
      as of now, the company is in compliance with the standard obligations
      under the laws governing tax, social security, accounting and corporate
      obligations in regard to reporting and tax and social insurance payments,
      and that there is no dispute currently pending with the tax authorities or
      the authorities charged with the application of social security
      legislation, nor is there any reasonable expectation of such a dispute
      arising;

              

      

    

    
      
        	 	
                v.

              	
                that
      the company is not a party to any civil, criminal or administrative law
      proceedings (including arbitration or binding third-party opinion
      proceedings) or any proceedings of a tax
nature;

              

      

    

    
      
        	 	
                w.

              	
                that
      the company has not performed any juristic acts that could be annulled on
      any grounds, such as the provisions of articles 15, 204c, 207c or 247 of
      Book 2 of the Dutch Civil
Code;

              

      

    

    
      
        	 	
                x.

              	
                that
      the company’s claims against its accounts receivable as stated on the
      balance sheet of 31 December 2009, where not classified as doubtful
      receivables on the annual accounts as per 31 December 2009, are fully
      valid and 100%
collectible;

              

      

    

    
      
         

      

      
        -12-

        
          

        

      

      
         

      

    

    
      
        	 	
                y.

              	
                that
      the personnel employed by the company include only the persons specified
      in the schedule attached to this
contract;

              

      

    

    
      
        	 	
                z.

              	
                that
      the company is entitled to the trade name “Wilroot” and that the
      subsidiary is entitled to the trade name “Hollandsche Exploitatie
      Maatschappij”;

              

      

    

    
      
        	 	
                aa.

              	
                that
      the company has not attributably failed in the fulfillment of any
      contractual or like
obligation;

              

      

    

    
      
        	 	
                bb.

              	
                that
      the preceding warranties pertaining to the company also pertain to the
      subsidiary.

              

      

    

    
      

    

    
      
        	 	
                Article 7

              	
                Current
      financial year

              

      

    

    
      

    

    
      
        	
                 
      

              	
                7.1

              	
                The
      exchange ratio is calculated to account for the claims the seller as
      shareholder may have for payment of dividend and interim dividend over the
      past financial year and the current financial
  year.

              

      

    

    
      
        	
                 
      

              	
                7.2

              	
                As
      from 1 October 2010, the business operated by the company will be operated
      at the expense and risk of the buyer as new and sole
      shareholder.

              

      

    

    
      
        	
                 
      

              	
                7.3

              	
                The
      sellers and the company warrant that as from 1 October 2010 no changes in
      the assets and liabilities of the company have taken place other than
      those appropriate to normal business
operations.

              

      

    

    
      
        	
                 
      

              	
                7.4

              	
                Since
      1 October 2010, the company has not made any dividend or interim dividend
      payable, has not committed to any distribution of profit under any title
      whatsoever, has not made any repayment on shares and has not transferred
      any assets to the sellers.

              

      

    

    
      

    

    
      
        	
              	
                Article 8

              	
                Liability

              

      

    

    
      

    

    
      
        	
              	
                8.1

              	
                If
      the buyer is confronted with a situation that in all likelihood will lead
      to a claim under the warranties, the buyer will inform the seller in
      advance. At a minimum, the buyer undertakes the obligation to report any
      claims, including claims in regard to taxes and/or social insurance
      premiums, to the sellers within the term within which any appeal and/or
      objection against such a claim can be
filed.

              

      

    

    
      
        	
                 
      

              	
                8.2

              	
                The
      buyer will only be able to submit a claim under the warranties within 70
      days after the date of transfer in title of the
  shares.

              

      

    

    
      
        	
                 
      

              	
                8.3

              	
                The
      buyer will not file any claims for compensation of damages in regard to
      any violation or shortcoming that the buyer had already observed prior to
      the transfer of the shares, and warrants to the sellers that prior to the
      transfer of the shares, it, the buyer, will inform the sellers concerning
      any violations or shortcomings suspected by the
  buyer.

              

      

    

    
      
         

      

      
        -13-

        
          

        

      

      
         

      

    

    
      
        	
              	
                Article 9

              	
                Managing
      directors of the company

              

      

    

    
      

    

    
      
        	
              	
                9.1

              	
                As
      of the transfer date, DLB Finance & Consultancy B.V. will step down as
      managing director of the company under the articles of
      association.

              

      

    

    
      

    

    
      
        	
              	
                Article 10

              	
                Confidentiality

              

      

    

    
      

    

    
      
        	
              	
                10.1

              	
                The
      seller undertakes the obligation to refrain from disclosing in any way any
      information on the company and the subsidiary to third parties. This
      includes information on finances, know-how, working methods, product
      selection, vendors, clients, etc. This obligation does not apply if and
      insofar as disclosure is required in order to meet the obligations of law.
      The confidentiality obligations as set out in this article are cancelled
      if and insofar as the data/information in question is available through
      other channels normally accessible by the general
  public.

              

      

    

    
      

    

    
      
        	
              	
                Article 11

              	
                Costs

              

      

    

    
      

    

    
      
        	
              	
                11.1

              	
                The
      costs of drafting the present contract, as well as the costs involved in
      the value appraisal will be borne by the
buyer.

              

      

    

    
      
        	
              	
                11.2

              	
                Should
      the transaction comprised in this agreement not be completed for any
      reason, the buyer is in no way entitled to recover the costs referred to
      in the preceding paragraph from the
buyers.

              

      

    

    
      

    

    
      
        	
              	
                Article 12

              	
                Other
      provisions

              

      

    

    
      

    

    
      
        	
              	
                12.1

              	
                This
      contract replaces and supersedes all previous negotiations and contracts
      conducted/contracted between the parties in regard to the takeover of the
      shares. This contract contains all arrangements made between the parties
      on the subject of this
contract.

              

      

    

    
      
        	
              	
                12.2

              	
                The
      schedules to this contract constitute an indivisible part of this
      contract.

              

      

    

    
      
        	
              	
                12.3

              	
                Amendments
      or supplements to this contract or transfers of rights and/or obligations
      may only be effected in writing and with the consent of all
      parties.

              

      

    

    
      
        	
              	
                12.4

              	
                If
      any of the provisions of this contract are or become non-enforceable,
      whether in whole or in part, the remaining provisions of this contract
      remain in force undiminished. In that event, the parties will make every
      effort to reach a consensus on the replacement of the invalid provision by
      a provision approaching the scope of the invalid provision(s) as closely
      as possible.

              

      

    

    
      
         

      

      
        -14-

        
          

        

      

      
         

      

    

    
      
        	
              	
                Article13

              	
                Exclusion
      of dissolution

              

      

    

    
      

    

    
      
        	
              	
                13.1

              	
                The
      parties each waive their rights to dissolve this contract extra-judicially
      or to claim the dissolution of this contract at law for any reason
      whatsoever.

              

      

    

    
      

    

    
      
        	
              	
                Article 14

              	
                Applicable
      law and disputes

              

      

    

    
      

    

    
      
        	
              	
                14.1

              	
                Any
      disputes that may arise based on the present contract or any further
      contracts resulting there-from will be adjudicated by the competent court
      in Rotterdam, to the exclusion of all other
  forums.

              

      

    

    
      
        	
              	
                14.2

              	
                This
      contract is exclusively subject to the law of the
    Netherlands.

              

      

    

    
      

    

    
      Schedules:

    

    
      Letter of
Intent

    

    
      Register
of shareholders

    

    
      Articles
of Association of Wilroot and Hollandsche Exploitatie
Maatschappij

    

    
      Wilroot
annual accounts

    

    
      List of
personnel of Hollandsche Exploitatie Maatschappij

    

    
      

    

    
      Thus
agreed, drafted and signed in eight copies in ___ on ________________________
2010.

    

    
      

    

    For
Teleconnect Inc.:

    

    [signed]

    D.L.
Benschop

    

    For
DLB Finance & Consultancy B.V.

    

    [signed]

    D.L.
Benschop

    

    D.L.
Benschop in personal capacity

    (see
article 5)

    

    [signed]

    
      
         

      

      
        -15-

        
          

        

      

      
         

      

    

    For
Wilroot B.V.:

    

    
      
        
          
            	
                    [signed]

                  	 	
                    [signed]

                  	 	
                    [signed]

                  	 	
                    [signed]

                  
	
                    S.I.S.
      bv

                  	 	
                    HITD
      bv

                  	 	
                    DLB
      bv

                  	 	
                    MC
      bv

                  

          

        

      

    

    

    For
Hollandsche Exploitatie Maatschappij B.V.:

    

    
      
        
          
            	
                    [signed]

                  	 	
                    [signed]

                  	 	
                    [signed]

                  	 	
                    [signed]

                  
	 
      	 	 
      	 	 
      	 	 
      
	
                    S.E.
      Sciarone 

                      Ouwerling

                    

                  	 	
                    H.R.
      Benschop

                  	 	
                    D.L.
      Benschop

                  	 	
                    M.K.

                  

          

        

      

    

     

    [signed]

    PECK
Management bv

    

    For
PECK Management B.V.:

    

    [signed]

    
      
         

      

      
        -16-

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