Document:

EXHIBIT 10.1
	 
	 	Dated July 1, 2005	
	 
	 
	 
	MSX INTERNATIONAL LIMITED
	 
	ARRK TECHNICAL SERVICES LIMITED
	 
	MSX INTERNATIONAL INC
	 
	and
	 
	ARRK PRODUCT DEVELOPMENT GROUP LIMITED
	 
	 
	 
	BUSINESS SALE AGREEMENT
	 
	 
	relating to the sale and purchase of the 
	Engineering and Technical Staffing Services Businesses of
	MSX International Limited
	 
	 
	 
	Linklaters Oppenhoff & Rädler 
	 
	 
	Mainzer Landstraße 16
	D-60325 Frankfurt am Main
	 
	 
	Telefon (49-69) 71 003 0
	Telefax (49-69) 71 003 333

	

	BUSINESS SALE AGREEMENT
	 	 
	This Agreement is made on	2005 between:
	 	 

	(1)           	MSX International Limited  a company incorporated in England and Wales with company number 01949542 whose registered office is at Lexden House, London Road, Colchester, Essex, CO3 4DB (the “Seller”);

		 

	(2)           	ARRK Technical Services Limited  a company incorporated in England and Wales with company number 5372267 whose registered office is at Hill House, 1 Little New Street, London EC4A 3TR (the “Purchaser”); 

		 

	(3)           	MSX International, Inc. whose registered address is at 1209 Orange Street, Wilmington, New Castle County, Delaware 19801 (“MSX”); and

		 

	(4)           	ARRK Product Development Group Limited  a company incorporated in England and Wales with company number 02306533 whose registered office is at Hill House, 1 Little New Street, London, EC4A 3TR (“ARRK”).

	 
	
Whereas:

	 

	(A)	The Seller operates amongst other divisions a UK automotive engineering design and consultancy division
  (the “Engineering Business”) and a UK human capital sourcing and recruitment business (the “HR Business”) (together, the “Businesses”). 

		 

	(B)	The Seller has agreed to sell the Businesses as carried on by it at the Effective Time (including the
  Business Assets) as going concerns and to assume the obligations imposed on the Seller under this
  Agreement.

		 

	(C)	The Purchaser has agreed to purchase the Businesses at the Effective Time (including the Business Assets)
  as going concerns and to assume the obligations imposed on the Purchaser under this Agreement.

		 

	(D)	MSX has agreed to guarantee the due performance of the obligations of the Seller under this Agreement
  and ARRK has agreed to guarantee the due performance of the obligations of the Purchaser under this
  Agreement.

	 	 
	It is agreed as follows:
	 	 
	1	 Interpretation
	 	 

	 	In this Agreement, unless the context otherwise requires, the provisions in this Clause 1 apply:

	 
	
1.1         
	 Definitions
	 

	 	“Accounts” means the accounting information in the agreed terms comprising the unaudited balance sheets
  of the Businesses as at the Accounts Date.

		 

	 	“Accounts Date” means 30 April 2005.

	 	 

	

	

	

1

	 	“Assumed Liabilities” has the meaning as set out in Clause 2.7.1.

		 

	 	“Budgeted Sales” means sales in a budgeted amount of £1,307,000.

		 

	 	“Businesses” has the meaning as set out in Recital (A).

		  

	 	“Business Assets” means all the assets, property, rights, contracts, goodwill and undertaking exclusively owned
  or used in relation to the Businesses but excluding the Excluded Assets and the Excluded Contracts. 

		  

	 	“Business Day” means a day on which banks are open for the transaction of normal banking business in the City
  of London.

		
	 	 
		“Business Intellectual Property” means all rights and interest held by the Seller in Intellectual Property (including but without limitation Know-how) (whether as owner, licensee or otherwise) which at or in the two years immediately before Closing is used exclusively in relation to the Businesses, including, without limitation, the Intellectual Property, details of which are set out in Annex 3.

		 
  

	 	“C&A” means Collins & Aikman GmbH.

		 

	 	“C&A Contracts” means the purchase orders for the provision of engineering services and the framework agreement
  in relation to the making available of certain facilities and rental equipment, all as entered into
  between C&A and the Seller.

		 

	 	“C&A Invoices” means invoices and work in progress totalling £685,449 in respect of the amounts owed by
  C&A to the Seller under the C&A Contract at the Effective Time including, in relation to
  the invoices issued before the Effective Time and those invoices listed in Annex 10, and “C&A Invoice” means any one of them.

		 

	 	“C&A Margin” means the sum of £148,941, being the amount of profit margin expected to be received by
  the Purchaser under the C&A Contract in respect of work carried out up to 31 December 2005.

		 

	 	“Claiming Party” has the meaning as set out in Clause 2.8.9.

		 

	 	“Closing” has the meaning as set out in Clause 4.1.

		 

	 	“Competent Authority” means any competent and legal authority from time to time having jurisdiction to exercise a
  regulatory role under, or for the purposes of, any Environmental Law, including (without limitation)
  all courts, tribunals and other judicial or quasi-judicial bodies.

		 

	 	“Competition Law” means the national and directly effective legislation of any jurisdiction which governs the
  conduct of persons in relation to restrictive or other anti-competitive agreements or practices (including,
  but not limited to, cartels, price fixing, resale price maintenance, market or customer sharing,
  bid rigging and other anti-competitive terms of trading, purchase or supply and joint ventures),
  dominant or monopoly market positions (whether held individually or collectively) and the control
  of acquisitions or mergers.

		 

	 	“Confidential Information” means all information relating to the subject matter or provisions of this Agreement (including
  but without limitation details of the Closing Amount and the Purchase Price) and all confidential
  information of a commercial, technical, financial or other nature which is exclusively used in or
  required to be used in or in connection with the Businesses (including the Business Assets) including
  but without limitation the sale or marketing of products or services including: customer names and
  lists and other details of customers, sales targets, sales statistics, market share statistics, prices,
  costs, market research reports and surveys, advertising or other 

	 	 

	
 
	

	

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	 	promotional materials; and all relevant financial information relating to the sale or marketing functions
  of the Businesses.

		 

	 	“Contracts” means all contracts, undertakings, arrangements and agreements whether set out in writing or
  not entered into prior to the date of this Agreement by or on behalf of the Seller exclusively in
  relation to the Businesses, to the extent that at the Effective Time the same remain to be completed
  or performed, including, without prejudice to the generality of the foregoing, the contracts detailed
  in Annex 1, but excluding:

		 

		(i)	employment and other agreements with Relevant Employees; 
			 
		(ii)	contracts of insurance relating to the Businesses; and
			 
		(iii)	the Excluded Contracts.
			 

	 	Contract Worker  means any individual who is not an employee of the Seller or any member of the Seller’s
  Group and who is a worker, a consultant or an individual who otherwise provides his or her services
  to or in respect of the Business whether via a personal services company or otherwise.

		 

	 	“Data Room Documents” means the data room documents made available to the Purchaser by the Seller in the data room
  at the offices of Linklaters at One Silk Street, London, EC2Y 8HQ.

		 

	 	“Disclosed Pension Arrangements” means the Sellers Group Personal Pension Plan (under which the Seller makes pension contributions
  of 10-13% of gross basic salary (GBS) for directors, 6-8% of GBS for managers, and 3-6% of GBS for
  Grade C, 10% of GBS for Grade D, 5% of GBS for Grade E, and 3% of GBS for Grade F Relevant Employees),
  and fully insured life assurance benefits (paying up to 4 times GBS on the death of a Relevant Employee)
  and permanent health insurance benefits (paying 75% of Members’ Assurable Earnings (as defined
  in the relevant insurance policy) per annum on insured events befalling a Relevant Employee).

		 

	 	“Disclosure Letter” means the disclosure letter dated on the same date as this Agreement from the Seller to the
  Purchaser.

		  

	 	“Draft Net Asset Statement” has the meaning given to it in Clause 5.1.

		 

	 	“Effective Time” means the close of business on the date of this Agreement.

		 

	 	“Employment Agencies”  means an employment agency which is regulated by the Conduct of Employment Agencies and Business
  Regulations 2003.

		 

	 	“Encumbrance” means any encumbrance or security interest whatsoever including, without limitation, any charge,
  mortgage, floating charge, pledge, hypothec, assignment, lien, burden, right of pre-emption, option,
  right to acquire, conversion right, third party right, interest and claim, right of set-off, right
  of counterclaim, title retention, conditional sale arrangement, trust arrangement and any other preferential
  right, agreement or arrangement having similar effect.

		 

	 	“Engineering Business” has the meaning as set out in Recital (A).

		 

	 	“Environment” means all or any of the following media namely air (including air within buildings and air within
  other natural or man-made structures above or below ground), water (including water under or within
  land or in pipes, drains or sewers) and land and soil (including buildings and structures thereon)
  and any living organisms (including man) or ecological systems supported by any one or more of such
  media.

		 

	 	“Environmental Law” means:

	 	 

	

	

	

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		(i)	all applicable laws, regulations, directives, statutes, subordinate legislation, rules of common law
  and generally all international EU, national and local laws; and 

			 

		(ii)	all final and binding judgments, orders, instructions, directions, by-laws, statutory guidance notices,
  decisions, codes of practice and other lawful statements of any Competent Authority,

			 

	 	applying from time to time to the Businesses and having force of law up to and including Closing, whose
  purpose is: (a) to prevent pollution of or to protect the Environment; or (b) to regulate emissions,
  discharges, releases or escapes into the Environment of Hazardous Materials; or (c) to regulate the
  production, processing, treatment, storage, transport or disposal of Hazardous Materials, or (d)
  to regulate or protect human health and safety in relation to the workplace, but excluding any law
  relating to planning or zoning matters.

		 

	 	“Escrow Account 1” means:

		 

	 	Barclays Bank plc- London Corporate Banking

		 

	 	Bignalls Clients Account - Account Number 70167282

		 

	 	Escrow Account Name: Bignalls Solicitors as Stakeholders Clients Account re MSX and AARK Escrow Account
  1

  Escrow Account Number: 20331988

  IBAN GB77 BARC 2036 4770 1672 82 

  Swift Code: BARCGB22L

  Sort code 20-36-47

		 

	 	“Escrow Account 2” means:

		 

	 	Barclays Bank plc

		 

	 	Bignalls Clients Account - Account Number 70167282

		 

	 	Escrow Account Name: Bignalls Solicitors as Stakeholders Clients Account re MSX and AARK 

  Escrow Account
  2

  Escrow Account Number: 30235385

  IBAN GB77 BARC 2036 4770 1672 82 

  Swift Code: BARCGB22L

  Sort code 20-36-47 

		 

	 	“Escrow Agent” means Bignalls, Solicitors of Fifth Floor, 9/10 Market Place, London W1W 8AQ.

		 

	 	“Escrow Amount 1” means the sum of £685,449 to be placed into the Escrow Account 1 and released to the Seller
  and the Purchaser in accordance with the provisions of Clause 5.4.

		 

	 	“Escrow Amount 2” means the sum of £148,941to be placed into the Escrow Account 2 and released to the Seller
  and the Purchaser in accordance with the provisions of Clause 5.4.

		 

	 	“Escrow Period” means the period from the Effective Time to 3 July 2006.

		 

	 	“Escrow Amount 1 Instruction Letter” means the letter in the agreed terms from the Purchaser and the Seller to the Escrow Agent.

		 

	 	“Escrow Amount 2 Instruction Letter” means the letter in the agreed terms from the Purchaser and the Seller to the Escrow Agent.

	 	 

	

	

	

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	 	“Event” means any event, act, omission, default, occurrence, circumstance, transaction, dealing or arrangement
  of any kind whatsoever, including but without limitation Closing, the death of any person or the
  winding up or dissolution of any entity.

		 

	 	“Excluded Assets” has the meaning as set out in Clause 2.3.

		 

	 	“Excluded Contracts” means the excluded contracts detailed in Annex 7.

		 

	 	“Excluded Liabilities” has the meaning as set out in Clause 2.7.2.

		 

	 	“Goodwill” means the goodwill of the Seller in relation to the Businesses as at the date of this Agreement
  together with (subject to the terms of this Agreement) the exclusive right for the Purchaser to represent
  itself as carrying on the Businesses in succession to the Seller.

		 

	 	“Hazardous Materials” has the meaning as set out in paragraph 18 of Annex 13.

		 

	 	“HR Business” has the meaning as set out in Recital (A).

		 

	 	“Intellectual Property” means trade marks, service marks, trade names, domain names, logos, patents, inventions, registered
  and unregistered design rights, copyrights and all other similar rights in any part of the world
  (including know-how) including, where such rights are obtained or enhanced by registration, any registration
  of such rights and applications and rights to apply for such registrations.

		 

	 	“Know-how” means confidential industrial and commercial information and techniques in any form owned by
  the Seller and used or is now intended to be used exclusively in connection with the Businesses,
  including (without limitation) drawings, formulae, test results, reports, project reports and testing
  procedures, instruction and training manuals, tables of operating conditions, lists and particulars
  of customers and suppliers.

		 

	 	“Leasehold Properties” means the leasehold properties used by the Businesses and detailed in Annex 2 Part 1.

		 

	 	“Losses” means all losses, liabilities, costs (including without limitation reasonable legal costs and
  reasonable experts’ and consultants’ fees), charges, expenses, actions, proceedings, claims
  and demands.

		 

	 	“Name Licence Agreement” means a licence in the agreed terms under which the Seller grants to the Purchaser the right
  to use the trade mark “MSX International” as a trading name on a royalty-free basis for
  a minimum period of six months from the date of this Agreement in relation to the Businesses.

		 

	 	“Net Asset Adjustment” means the amount of any adjustment to the Purchase Price calculated in accordance with the provisions
  of Clause 5.3.

		  

	 	“Net Asset Statement” means in respect of Closing, the statement to be prepared by the Seller and to be agreed or
  determined in accordance with Clause 5 and Annex 8.

		 

	 	“Net Assets” means the aggregate amount of the net assets of the Businesses as set out in the Net Asset Statement.

		 

	 	“Notice” has the meaning as set out in Clause 20.6.1.

		 

	 	“Order” has the meaning as set out in Clause 3.5.

		 

	 	“Petronas Contract” means the agreement entered into between Petronas Technical Services Sdn. Bhd., Brumby Corporation
  Limited and MSX International Limited dated 20 December 2002 (as subsequently amended by a side letter
  dated 22 December 2004).

	 	 

	

	

	

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	 	“Plant and Machinery” means all the fixed and loose plant, equipment, machinery, tools, fixtures and fittings, furniture,
  trade utensils and other chattels owned or used by the Seller exclusively in connection with the
  Businesses (including, but without limitation, the Business Assets) at the Effective Time whether
  or not physically located at the Leasehold Properties (excluding any items which are part of the
  Excluded Assets) but including (without limitation) those which are set out in Annex 4.

		 

	 	“Purchase Price” has the meaning as set out in Clause 3.1.

		 

	 	“Receivables” means all book and other debts owed to the Seller arising out of or in connection with the operations
  of the Businesses (including the right to receive payment for goods and/or services rendered but
  not invoiced), but excluding;

		 

		(i)	debts owed to the Seller by any employee who is not a Relevant Employee;

			 

		(ii)	debts owed to the Seller by any relevant Tax Authority in respect of Taxation;

			 

		(iii)	debts owed to the Seller in respect of any contract of insurance;

			 

		(iv)	any item which falls to be treated as part of the cash in hand or at the Bank of the Businesses and
  held by or on behalf of the Seller at the Effective Time in relation to the Businesses; and

			  

		(v)	debts owed to the Sellers in relation to any Excluded Asset.

			 

	 	“Relevant Employees” means the employees whose names are listed in Annex 9.

		 

	 	“Reporting Accountants” means Deloitte & Touche or, if that firm is unable or unwilling to act in any matter referred
  to them under this Agreement, a firm of Chartered Accountants to be agreed by the Seller and the
  Purchaser within five Business Days of a notice by one to the other requiring such agreement or failing
  such agreement to be nominated on the application of either of them by or on behalf of the President
  for the time being of the Institute of Chartered Accountants in England and Wales.

		 

	 	“Restricted Employee” means any person who at, or at any time during 12 months immediately preceding, the date of
  this Agreement either of the Businesses is or was an employee or consultant and who during that period
  is or was acting at management grade or in a senior capacity or is or was in possession of Confidential
  Information.

		 

	 	“Retained Business” means the business of developing and implementing integrated business solutions, with client-directed
  payment mechanisms, for manufacturers, component suppliers and dealers in the automotive and related
  industries, and relating to aftermarket issues in the areas of product quality and concern identification,
  warranty cost reduction, customer satisfaction and loyalty as well as dealer efficiency and profitability
  improvement.

		 

	 	“Sellers Account” means: 

		 

	 	JPMorgan Chase Bank.

  Chaseside, Bournemouth. BH7 7DB

		 
	 	Account Name: MSX International Ltd - European Corp. Serv.
Account Number: 77052102
IBAN: GB43 CHAS 6092 4277 0521 02
Swift Code: CHASGB2L
Sort Code: 60-92-42.
	 	 

	

	

	

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	 	“Sellers Group” means the Seller and its subsidiaries (as such term is defined in the Companies Act 1985) and
  all associated companies from time to time.

		 

	 	“Seller’s Solicitors” means Linklaters of One Silk Street, London, EC2Y 8HQ.

		 

	 	“Shared Services Agreement” means the transitional services agreement in the form as attached under Annex 12.

		 

	 	“Software Licences” means the licences relating to the use of various software products and systems listed in Annex
  1.

		 

	 	“Taxation” or “Tax” means all forms of taxation whether direct or indirect and whether levied by reference to income,
  profits, gains, net wealth, asset values, turnover, added value or other reference and statutory,
  governmental, state, provincial, local governmental or municipal impositions, duties, contributions,
  rates and levies (including without limitation social security contributions and any other payroll
  taxes), whenever and wherever imposed (whether imposed by way of a withholding or deduction for or
  on account of tax or otherwise) and in respect of any person and all penalties, charges, costs and
  interest relating thereto.

		 

	 	“Tax Authority” means any taxing or other authority competent to impose any liability in respect of Taxation
  or responsible for the administration and/or collection of Taxation or enforcement of any law in
  relation to Taxation.

		 

	 	“Third Party Claim” has the meaning as set out in Clause 10.

		 

	 	“Third Party Consents” means all consents, licences, approvals, permits, authorisations or waivers required from third
  parties for the novation, assignment or transfer to the Purchaser of any of the Contracts and “Third Party Consent” means any one of them.

		 

	 	“Transfer Regulations” means the Transfer of Undertakings (Protection of Employment) Regulations 1981.

		 

	 	“Undisclosed Employee” means an individual (who is not a Relevant Employee) whose contract of employment is claimed
  or deemed to have effect after the Effective Date (or would have had effect had such employment not
  been terminated) as if originally made between the Purchaser and that individual, as a result of
  the application of the Transfer Regulations to the sale and purchase of the Business, or any judicial
  decision interpreting the same.

		 

	 	“VAT” means within the European Union such tax as may be levied in accordance with (but subject to
  derogations from) the Directive 77/388/EEC.

		 

	 	“VATA” means Value Added Tax Act 1994.

		 

	 	“Warranties” has the meaning as set out in Clause 6.1.

	 
	
1.2          
	Interpretation Act 1978
	 

	 	The Interpretation Act 1978 shall apply to this Agreement in the same way as it applies to an enactment.

	 
	
1.3         
	 Agreed Term Documents
	 

	 	A document in the “agreed terms” is a reference to that document in the form approved and
  for the purposes of identification signed by or on behalf of the Seller and the Purchaser including
  those listed in Annex 12 subject to such amendments as may subsequently be agreed to in writing by each party.

	 	 

	

	

	

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2 
	Sale of the Businesses
	 

	2.1         	On the terms set out in this Agreement, the Seller hereby agrees to sell to the Purchaser, which relying
  on the Warranties agrees to purchase with effect from the Effective Time, the Businesses (including
  but without limitation the Business Assets) as going concerns with full title guarantee.

		 

	2.2         	The Business Assets to be sold and purchased pursuant to this Agreement shall include (but not be limited
  to):

			 

		2.2.1	the Leasehold Properties (on the terms set out in Annex 2 Part 2);
		 	 
		2.2.2	the Business Intellectual Property owned or licensed to the Seller (subject to the terms set out in
  Clause 12 in respect of Software Licences);

			 

		2.2.3	the rights of the Seller arising under the Contracts (subject to the terms set out in Clause 12);

			 

		2.2.4	the Receivables; 
			 
		2.2.5	the Goodwill;
			 
		2.2.6	the Plant and Machinery.
			 

	2.3         	The following assets (the “Excluded Assets”) shall be explicitly excluded from the sale and purchase under this Agreement: 

		
	 

		2.3.1	any cash in hand or at the bank of the Businesses at the Effective Time;
		 	 
		2.3.2	the benefit of any claim under an insurance policy;
		 	 
		2.3.3     	the corporate and trading names “MSX” and “MSX International” and all intellectual
  property in such corporation and trading names;

			 

		2.3.4     	any property, rights or assets used by the Seller in connection with or otherwise relating to the Retained
  Business including, without limitation, those property, rights or assets detailed in Annex 6;

			 

		2.3.5	the rights and obligations of the Seller arising under the Excluded Contracts; and
			 
		2.3.6	debts due from any relevant Tax Authority in respect of Taxation.

		 

	2.4         	If, within six months following the date of this Agreement, it becomes apparent to the Purchaser or
  the Seller (acting reasonably and in good faith and with due regard to the Businesses as conducted
  by the Seller prior to the Effective Time) that the Seller owns or retains in its possession any
  asset which was used exclusively in the Businesses as conducted prior to the Effective Time (but
  excluding the Excluded Assets and the Excluded Contracts), then such party shall promptly notify
  the other in writing and, provided such notification is sent within such six month period, the Seller
  shall use all reasonable endeavours to assign, transfer or novate (as appropriate) the ownership
  of and deliver the asset to the Purchaser (for no consideration with each party bearing its own costs
  and otherwise on such terms as the Purchaser and the Seller, acting reasonably, agree) within a reasonable
  time following a written request from the Purchaser to do so.

		 

	2.5         	If, within six months following the date of this Agreement, it becomes apparent to the Purchaser or
  the Seller (acting reasonably and in good faith and with due regard to the Businesses as conducted
  by the Seller prior to the Effective Time) that the Seller has transferred an asset (other than the
  Business Assets) which was not used exclusively in the Businesses as conducted prior to the Effective
  Time, then such party shall promptly notify the other in writing and, provided such 

	 	 

	

	

	

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	 	notification is sent within such six month period, the Purchaser shall use all reasonable endeavours
  to assign, transfer or novate (as appropriate) the ownership of and deliver the asset to the Seller
  (for no consideration with each party bearing its own costs and otherwise on such terms as the Purchaser
  and the Seller, acting reasonably, agree) within a reasonable time following a written request from
  the Seller to do so. 

		 

	2.6         	If, within six months following the date of this Agreement, it becomes apparent to the Purchaser (acting
  reasonably and in good faith and with due regard to the Businesses as conducted by the Seller prior
  to the Effective Time) that the Seller owns or retains in its possession any asset which was used
  non-exclusively in the Businesses as conducted prior to the Effective Time, then the Purchaser shall
  promptly notify the Seller in writing and, provided:

		 

		2.6.1     	such notification is sent within such six month period together with a request from the Purchaser to
  share such assets;

			 

		2.6.2     	the use of such assets by the Businesses had not been fairly disclosed to the Purchaser prior to the
  Effective Date; and

			 

		2.6.3     	it is reasonably practicable for the Seller to share the use of such assets with the Purchaser;

			 

	 	the Seller and the Purchaser shall share the use of such assets (on such terms as the Purchaser and
  the Seller, acting reasonably, agree).

	 
	
2.7 

	Assumption of Liabilities 
	 

		2.7.1     	With effect from the Effective Time, the Purchaser hereby assumes all obligations and liabilities of
  the Seller which pertain to the Businesses and which exist on the Effective Time or arise thereafter
  from acts, omissions or circumstances prior to the Effective Time, unless expressly excluded from
  such assumption under this Agreement (the “Assumed Liabilities”).

			 

		2.7.2     	The following obligations and liabilities of the Seller shall be specifically excluded from the assumption
  of liabilities by the Purchaser pursuant to Clause 2.7.1 (the “Excluded Liabilities”): 

			 

		(i)	any liability in respect of any moneys borrowed or indebtedness in the nature of borrowings incurred
  by the Seller in relation to the Businesses or any security, guarantee, comfort or other financial
  accommodation in respect of such money or indebtedness; 

			 

		(ii)	any liability in respect of Taxes arising for Taxation purposes in respect of any Event occurring on
  or prior to the Effective Time, but not property transfer Taxes arising on or after the Effective
  Time; 

			 

		(iii)	any liability to the extent it relates to an Excluded Asset;

			 

		(iv)	any liability to remove the bridge at first floor level linking the workshop studio and office premises
  at Pipps Hill Business Park with the adjoining office premises of the Seller arising from:

			 

		(a)	clause 3.37 of the Lease dated 12 April 2000 made between The Prudential Assurance Company Limited
  (1) MSX International Limited (2) and MSX International Inc (3);

			 

		(b)	clause 12 of the Licence to Assign and Sublet Part dated 5 August 2004 made between HIPS (Trustees)
  Limited (1) Essex 

		 	 

	
 
	

	

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		 	Motors Limited (2) MSX International Limited (3) and MSX International Inc (4).

			 

		2.7.3     	The Purchaser shall indemnify and keep indemnified the Seller against all Losses suffered or incurred
  by the Seller in connection with the Assumed Liabilities including any liability of the Seller arising
  from the conduct of the Businesses after the date of this Agreement.

			 

		2.7.4     	The Seller shall indemnify and keep indemnified the Purchaser against all Losses suffered or incurred
  by the Purchaser in connection with the Excluded Liabilities.

	 
	
2.8 
	Transfer of Relevant Employees
	 

		2.8.1     	The Seller and the Purchaser acknowledge and agree that it is their intention that by virtue of the
  Purchaser’s purchase of the Businesses under this Agreement, and pursuant to the Transfer Regulations,
  that the contracts of employment between the Seller and the Relevant Employees (excluding terms relating
  to a provision of an occupational pension scheme providing benefits for old age, invalidity or survivors)
  will have effect after the Effective Time as if originally made between the Purchaser and the Relevant
  Employees or between the Purchaser and the relevant trade union (as the case may be) but the Seller
  and the Purchaser agree that the provisions of Clauses 2.7.2 to 2.7.4 (inclusive) shall apply irrespective
  of whether or not the Transfer Regulations do apply as anticipated in this Clause 2.8.1.

			 

		2.8.2     	Before the Effective Time, the Seller shall communicate to each Relevant Employee that their contract
  of employment will have effect after the Effective Time as specified in Clause 2.8.1.

			 

		2.8.3     	All liabilities, costs, expenses and outgoings in relation to each Relevant Employee (including, but
  not limited to salaries, wages, bonus (even if not due and payable at that time), National Insurance
  Contributions, pension contributions, PAYE remittances and payments in respect of any other emoluments)
  (together referred to in this Clause 2.8.3 as “Charges”) shall be apportioned on a time basis so that the part of the Charges accruing in the period
  up to the Effective Time shall be borne and discharged by the Seller and the part of the Charges
  accruing in the period commencing on the Effective Time shall be borne and discharged by the Purchaser.
  The Seller shall put the Purchaser in funds with respect to any un-discharged Charges accruing in
  the period up to the Effective Time and thereafter the Purchaser shall settle all such Charges on
  behalf of the Seller. 

			 
		2.8.4     	The Seller shall indemnify and keep indemnified the Purchaser on demand from and against any Losses
  which relate to or arise out of any act or omission by the Seller or any other event or occurrence
  prior to the Effective Time for which the Purchaser is or becomes liable by reason of the operation
  of the Transfer Regulations or otherwise and/or any judicial decision interpreting the same including
  but not limited to any Losses suffered or incurred by the Purchaser as a result of any failure by
  the Seller to comply with its obligations under the Transfer Regulations.

			 

		2.8.5     	The Purchaser shall indemnify and keep indemnified the Seller on demand from and against any Losses:

			 

		(i)	in respect of the employment of the Relevant Employees on or after the Effective Time and against any
  Losses which relate to, arise out of or are connected with any act or omission by the Purchaser or
  any event, matter or any other occurrence having its origin on or after the Effective Time and which
  the Seller incurs in relation to any contract 

		 	 

	

	

	

10

	 	of employment or employment relationship of one or more of the Relevant Employees pursuant to the Transfer
Regulations and/or in respect of this Agreement; or

		 

		(ii)	which relate to or arise out of any act or omission by the Purchaser or any event or occurrence, prior
to the Effective Time, which the Seller incurs by virtue of Regulation 5(5) of the Transfer Regulations
and/or Article 4(2) of Council Directive 77/187 EEC.

			 

		2.8.6     	If the Purchaser becomes aware of any person becoming or claiming to be an Undisclosed Employee: 

			 

		(i)	the Purchaser shall notify the Seller of the existence of such individual within seven Business
Days of becoming aware of such Undisclosed Employee;

			 
		(ii)	five Business Days after notifying the Seller of any Undisclosed Employee, the Purchaser may terminate
the contract of employment of the Undisclosed Employee forthwith insofar as it has not already terminated;
and

			 
		(iii)	the Seller shall indemnify and keep indemnified the Purchaser on demand from and against any Losses
(including without prejudice to the foregoing generality, in relation to negligence claims by any
such individual or third party, unfair dismissal, redundancy, unlawful discrimination, breach of
contract, unlawful deduction of wages and equal pay, any obligation to any employee representatives
in respect of regulation 10 of the Transfer Regulations) incurred by the Purchaser in the employment
or termination of employment of such Undisclosed Employee.

			 

		2.8.7     	In accordance with its obligations under the Employment Regulations, the Purchaser shall provide the
Seller in writing with such information and at such time as will enable the Seller to carry out its
duties under Regulations 1-(2)(d) and 10(6) of the Employment Regulations concerning measures. 

			 
		2.8.8     	For the purposes of this Clause 2.8 the terms “contract of employment” and “collective
agreement” shall have the same meanings respectively as in the Transfer Regulations.

			 
		2.8.9     	If one party (the “Claiming Party”) becomes aware of any matter that may give rise to a claim against the other under the provisions
of Clause 2.8, the following provisions shall apply:

			 

		(i)	The Claiming Party shall give notice of such matter or claim as soon as reasonably practicable.

			 
		(ii)	The Claiming Party agrees that it will not prior to the notice or during the period of 14 days following
the notification referred to in Clause (i) above settle or compromise such claim without prior written
agreement of other party, such consent not to be unreasonably withheld.

			 
		(iii)	The Claiming Party shall give the other party and any of its professional advisers reasonable access
to all relevant documentation (and shall allow such Claiming Party to copy such documentation), 

	 
	

	

	

11

	 	premises, personnel or other information which the other party reasonably requires and which relates
to the claim and shall give to the other after any reasonable request such cooperation and assistance
and information as may be reasonably required.

	 	 
	3	Purchase Price, Payment and Escrow
	 	 
	3.1         	The consideration for the purchase of the Businesses, including the Business Assets, (the “Purchase Price”) shall be an amount in cash equal to the sum of 

		 
		3.1.1      £3,646,489 less Escrow Amount 1 and Escrow Amount 2 (the “Closing Amount”);
		 
		3.1.2      any adjustment provided for in Clause 5.3; and
		 
		3.1.3      any amounts distributed to the Seller pursuant to Clause 5.4 and Annex 5.
		 
	3.2         	The Closing Amount shall be due and payable on Closing without deduction of any fees or expenses.

		 
	3.3         	The Escrow Amount 1 and the Escrow Amount 2 shall be dealt with in accordance with Clause 5.4 and Annex 5.

		 
	3.4         	The Seller and the Purchaser agree that the Closing Amount and the Purchase Price are exclusive of
any VAT and confirm their understanding that no VAT is chargeable on the transactions contained herein.

		 
	3.5         	The Seller and the Purchaser shall use their respective endeavours to procure that the sale of the
Businesses under this Agreement is treated by H.M. Revenue and Customs as the transfer of a business
as a going concern for the purposes of both Section 49(1) of VATA and Article 5 of the Value Added
Tax (Special Provisions) Order 1995 (the “Order”). It is not contemplated by this Clause that any application shall be made by either the Seller
or the Purchaser to H.M. Revenue and Customs seeking confirmation that the sale is to be so treated.

		 
	3.6         	The Purchaser hereby notifies the Seller that article 5(2B) of the Order does not apply to the Purchaser.

		 
	3.7         	The Seller and the Purchaser intend that the Seller should retain all of the records of the Businesses
which, under paragraph 6 of Schedule 11 to VATA, are required to be preserved after Completion and
accordingly:

		 

		3.7.1     	the Seller shall forthwith request that H.M. Revenue and Customs make a decision in accordance with
Section 49(1)(b) VATA and the Purchaser shall render all reasonable assistance to the Seller in connection
with such a request;

			 
		3.7.2     	the Seller shall promptly notify the Purchaser of the result of that request and, if the request is
refused, shall procure the delivery of the said records to the Purchaser as soon as practicable following
such refusal;

			 
		3.7.3     	if, and to the extent that H.M. Revenue and Customs consent to the request referred to in sub- Clause
3.6.1, the Seller shall:

			 

		(i)	preserve the records in the United Kingdom for such periods as may be required by law; and

			 
		(ii)	for so long as they preserve the records, permit the Purchaser reasonable access to them to inspect
or make copies of them; and

	 
	

	

	

12

		(iii)	not at any time cease to preserve the records without giving the Purchaser a reasonable opportunity
to inspect and remove such of them as the Purchaser wishes;

			 

		3.7.4     	if and to the extent that the records are to be delivered to the Purchaser pursuant to sub-Clause 3.6.2
then sub-Clause 3.6.3 shall apply as if references therein to the Seller were references to the Purchaser
and vice versa.

			 

	3.8         	If, notwithstanding the provisions of sub-Clause 3.4, H.M. Revenue and Customs shall determine in writing
that VAT is chargeable in respect of the supply of all or any part of the Business Assets under this
Agreement, the Purchaser shall pay to the Seller the amount of that VAT, and any interest incurred
by the Seller for late payment thereof, forthwith against evidence that the due date for payment
of such tax has fallen due or will fall due within seven days or, if later, promptly after delivery
by the Seller to the Purchaser of a valid VAT invoice in respect thereof, together with a copy of
the determination from H.M. Revenue and Customs that VAT is payable.

		 
	3.9         	After Closing the Purchaser shall as required by the Order use the Business Assets in carrying on the
same kind of businesses, whether or not as part of any existing businesses of the Purchaser, as that
carried on by the Seller.

		 
	3.10       	Nothing in this Clause 3 shall require the Seller to make any appeal to any tribunal or court against
or otherwise challenge any determination of H.M. Revenue and Customs that the sale does not fail
to be treated as the transfer of a going concern.

		 
	3.11       	Where in relation to any Leasehold Property the Seller has at or prior to the date of this Agreement:
		 

		3.11.1  	notified the Purchaser that the transfer of that Leasehold Property under this Agreement would, but
for the application of Article 5 of the Order, fall within paragraph (a) of Item 1 of Group 1 of
Schedule 9 of the Value Added Tax Act 1994;

			 
		3.11.2  	notified the Purchaser that the Seller or a relevant associate of the Seller (as defined in paragraph
3(7) of Schedule 10 of Value Added Tax Act 1994) has elected under paragraph 2 of Schedule 10 of
Value Added Tax Act 1994 and that the election has not been revoked;

			 

	 	the Purchaser shall elect under paragraph 2 of Schedule 10 of Value Added Tax Act 1994 in relation
to that Leasehold Property with effect on or prior to the earliest date on which the Leasehold Property
concerned is to be transferred and shall give written notification to H.M. Revenue & Customs
as required by Schedule 10 of Value Added Tax Act 1994 no later than that date and shall not seek
the revocation of the election prior to the transfer of the Leasehold Property. The Purchaser shall
deliver certified copies of such election stamped by H.M. Revenue & Customs showing receipt thereof
at least five days in advance of Closing and in default of delivery thereof by Closing shall in addition
to any amounts expressed in this Agreement to be payable by the Purchaser in respect of the said
Leasehold Property pay to the Seller at Closing (against delivery by the Seller of an appropriate
tax invoice for VAT purposes) an additional amount in respect of VAT thereon.

		 
	3.12       	Within 60 Business Days of the Net Asset Adjustment being determined, the Seller and the Purchaser
shall use all reasonable endeavours to agree in good faith an allocation of the Closing Amount as
adjusted by the Net Asset Adjustment and the Seller and the Purchaser shall adopt that allocation
for all Tax Purposes. In the event the Seller and the Purchaser are unable to agree an allocation
the matter shall be decided on by the Reporting Accountants and the terms of Annex 8 shall apply mutatis mutandis.

	 
	

	

	

13

	4	Closing
	 	 
	4.1         	The completion of the sale and purchase of the Businesses (including the Business Assets) (the “Closing”) shall take place at the offices of the Seller’s Solicitors on the date of this Agreement.

		 
	4.2         	On Closing, the Seller shall permit the Purchaser to assume conduct of the Businesses and deliver or
make available to the Purchaser:

		 

		4.2.1     	copy (certified to be a true copy by a director or secretary of the MSX) of the minutes of a meeting
of the directors of the MSX authorising the execution by the MSX of this Agreement and any documents
to be entered into pursuant to or in connection with this Agreement

			 
		4.2.2     	copy (certified to be a true copy by a director or secretary of the Seller) of the minutes of a meeting
of the directors of the Seller authorising the execution by the Seller of this Agreement and any
documents to be entered into pursuant to or in connection with this Agreement;

			 
		4.2.3     	such duly executed assignments and novations of the Contracts and Intellectual Property in such form
as may be agreed by the Seller and the Purchaser (if any);

			 

		4.2.4   	such Third Party Consents as the Seller may have obtained;
		 

		4.2.5     	duly executed assignments of the Leasehold Properties, together with the relevant documents of title
and the relevant Third Party Consents;

			 

		4.2.6	a duly executed copy of the Shared Services Agreement;
		 	 
		4.2.7	a duly executed copy of the Name Licence Agreement; 
		 	 
		4.2.8	those Business Assets which are capable of transfer by delivery;
		 	 
		4.2.9     	a release and duly executed discharge in the agreed terms from JP Morgan and any other relevant person
of any fixed or floating charges, mortgages, debentures and guarantees relating to the Businesses
and/or the Business Assets;

			 
		4.2.10  	in relation to any relevant floating charge, a letter of non-crystallisation in agreed terms from the
holder of each relevant floating charge confirming that the floating charge created in its favour
has not crystallised and that it will not crystallise as a result of Closing;

			 
		4.2.11  	in each case where the said information is not at the Leasehold Properties, all books and records and
other information relating exclusively to the Businesses (save for books, records and other information
which the Seller is required by law to retain or in respect of which the Seller obtains a direction
to retain pursuant to Clause 3.7) and all information relating to customers, suppliers, distributors
as well as the Leasehold Properties;

			 

		4.2.12	information from Encore in a transferable form;
		 	 
		4.2.13  	a duly executed copy of the Escrow Amount 1 Instruction Letter and a duly executed copy of the Escrow
Amount 2 Instruction Letter; and

			 
		4.2.14	a signed letter of confirmation from the General Counsel of MSX in the agreed terms.

		 
	4.3	Upon compliance by the Seller with the provisions of Clause 4.2 the Purchaser shall:
		 	 
		4.3.1     	deliver to the Seller a copy (certified to be a true copy by a director or secretary) of the minutes
of a meeting of the directors of the Purchaser authorising the execution by the 

	 
	

	

	

14

	 	Purchaser of this Agreement and any documents to be entered into pursuant to or in connection with
this Agreement;

		 

		4.3.2     	deliver to the Seller a copy (certified to be a true copy by a director or secretary) of the minutes
of a meeting of the directors of ARRK authorising the execution by the ARRK of this Agreement and
any documents to be entered into pursuant to or in connection with this Agreement;

			 
		4.3.3     	deliver to the Seller a counterpart of the documents referred to in Clauses 4.2.3, 4.2.5, 4.2.6, 4.2.7
and 4.2.13;

			 
		4.3.4     	pay the Closing Amount to the Seller by way of direct electronic transfer of funds for same day delivery
into the Seller’s Account; and

			 
		4.3.5     	pay the Escrow Amount 1 and the Escrow Amount 2 to the Escrow Agent by way of direct electronic transfer
of funds for same day delivery into the Escrow Account 1 and the Escrow Account 2 respectively.

	 	 
	5	Post Closing Adjustment
	 	 
	5.1	Net Asset Statement
	 	 
	 	The Seller shall procure that as soon as practicable following Closing (but in any event no later than
15 Business Days following Closing) there shall be drawn up a draft of the Net Asset Statement as
at 3 July 2005 (the “Draft Net Asset Statement”) in accordance with Annex 8. The Purchaser undertakes to promptly give the Seller such information and access to such persons
as the Seller may reasonably require in respect of drawing up the Draft Net Asset Statement.

	 

	5.2	Determination of Net Asset Statement
	 	 
	 	The Draft Net Asset Statement as agreed or determined pursuant to paragraph 3 of Annex 8:
		 
		5.2.1      shall constitute the Net Asset Statement for the purposes of this Agreement; and
		 
		5.2.2      shall be final and binding on the Seller and the Purchaser.

	 

	5.3	Adjustment to Consideration
		 
		5.3.1      Net Assets
		 

		(i)	If the Net Assets are less than £1,900,000, the Seller shall pay to the Purchaser an amount equal
to such deficit.

			 
		(ii)	If the Net Assets exceed £2,100,000, the Purchaser shall pay to the Seller an additional amount
equal to such excess amount.

			 
		(iii)	Any payments pursuant to this Clause shall be made on or before 10 Business Days after the date on
which the process described in paragraph 3 of Annex 8 for the preparation of the Net Asset Statement
is complete.

			 

		5.3.2      Payment 
		 

	 	Where any payment is required to be made pursuant to this Clause 5.3, the payment of the Closing Amount
made on account of the Purchase Price by the Purchaser shall be reduced or increased accordingly.

	 
	

	

	

15

	5.4	Escrow
		 
		5.4.1      C&A Receivable
		 

		(i)	Upon the Purchaser receiving payment in respect of any C&A Invoice (whether in whole or in part)
after the Effective Time, the Purchaser shall notify the Seller and the Seller and the Purchaser
shall jointly instruct the Escrow Agent to release to the Seller from the Escrow Account 1 a sum
equal to 75% of such payment.

			 
		(ii)	In the event of the Seller and the Purchaser reasonably determining that a C&A Invoice is irrecoverable
in whole or in part for any reason, then the Seller and the Purchaser shall jointly instruct
the Escrow Agent to release to the Seller from the Escrow Account 1 an amount equal to 25% of the
irrecoverable amount of such C&A Invoice and an amount equal to 75% of the irrecoverable amount
of such C&A Invoice to the Purchaser.

			 
		(iii)	At the end of the Escrow Period, the Seller shall be entitled to receive an amount equal to 25% of
the payments received by the Purchaser referred to in Clause 5.4.1(i) and the Purchaser and the Seller
shall jointly instruct the Escrow Agent to release such amount from the Escrow Account 1 to the Seller.

			 
		(iv)	Any amount due in respect of the C&A Invoices not received by the Purchaser by the end of the Escrow
Period shall be treated as irrecoverable and, subject to any payment due to be made in accordance
with Clause 5.4.1(iii) having first been made, the Seller and the Purchaser shall jointly instruct
the Escrow Agent to release from the Escrow Account 1 an amount equal to 25% of the balance of the
Escrow Account 1 to the Seller and an amount equal to 75% of the balance of the Escrow Account 1
to the Purchaser.

			 
		(v)	The Purchaser undertakes to use all reasonable endeavours to collect the C&A Invoices but without
having to expend significant resource and expense in doing so.

			 
		(vi)	The Purchaser undertakes to continue the performance of the C&A Contracts in the normal course
and without prejudice to the lawful enforcement of its rights under such contract, it will not take
any action to cause any of the invoices referred to in Clause 5.4.1 to become irrecoverable or for
the postponement, or changes of order of, payment of such invoices.

			 
		(vii)	The Purchaser undertakes to give promptly to the Seller all information relating to the receipt of
any C&A Receivable together with all such other information as the Seller may reasonably require
in respect of calculating any payments due under this Clause 5.4.1.

			 

		5.4.2      C&A Margin
		 

		(i)	Following the Effective Time and until 31 December 2005, the Purchaser shall within 5 Business Days
after the end of each calendar month notify the Seller of its sales value of the services delivered
to 

	 
	

	

	

16

	 	C&A under the C&A Contracts and upon confirmation of such sales value the Seller and the Purchaser
shall jointly instruct the Escrow Agent to release to the Seller an amount equal to 14% of such value.

		 

		(ii)	Within 30 Business Days of 31 December 2005 the Purchaser shall calculate the value of the actual sales
for the period from the Effective Time to 31 December 2005 against the value of the Budgeted Sales.
To the extent that the value of such actual sales is less than 75% of the value of such Budgeted
Sales, then the Purchaser shall be entitled to be paid the balance of the C&A Margin remaining
in the Escrow Account 2 at such time and, to the extent the value of such actual sales is more than
75% of the value of such Budgeted Sales, then the Seller shall be entitled to be paid such balance.
Upon determination of actual sales the Seller and the Purchaser shall jointly instruct the Escrow
Agent to make the appropriate payment to the Purchaser or the Seller as the case may be.

			 

		5.4.3     	The Escrow Agent will hold the Escrow Amount 1 and the Escrow Amount 2 as stakeholder upon trust for
the Purchaser and the Seller on the terms of this Clause 5.

			 
		5.4.4     	Payments under this Clause 5 will be made by electronic transfer from the Escrow Account 1 and/or the
Escrow Account 2 to the bank account of the relevant party (or by such other method as shall be agreed
between them).

			 
		5.4.5     	Neither the Seller nor the Purchaser may effect any right of set-off in relation to any sums in the
Escrow Account 1 or the Escrow Account 2.

			 
		5.4.6     	The fees and expenses (including any VAT) charged by the Escrow Agent in relation to both the Escrow
Account 1 and the Escrow Account 2 shall be borne by the Seller and the Purchaser in equal parts.

	 	 
	6	Seller Warranties
	 	 
	6.1         	In consideration of the Purchaser agreeing to purchase the Businesses (including the Business Assets)
as going concerns on the terms contained in this Agreement, the Seller represents and warrants to
the Purchaser subject to Clause 6.2 that each of the statements contained in Annex 13 (the “Warranties” and each a “Warranty”)) is true and correct as at the date of this Agreement.

		 
	6.2         	If a Warranty refers to the Seller’s knowledge, such Warranty is deemed to refer to the actual
knowledge of those persons listed in Annex 11. 

		 
	6.3	The Seller shall not be in breach of any of the Warranties in respect of:
		 	 
		6.3.1     	any matter which is fairly disclosed in this Agreement, the Data Room Documents or the Disclosure Letter;
and

			 
		6.3.2     	any matter or thing done or omitted to be done by the Seller prior to the date of this Agreement at
the written request or with the written approval of the Purchaser.

		 
	6.4	Information supplied to Seller
		 	 
		6.4.1     	Any information supplied to the Seller by or on behalf of any of the Relevant Employees, or agents
or representatives of the Seller in connection with the Warranties, the information disclosed in
the Data Room Documents or the Disclosure Letter or the Businesses 

	 
	

	

	

17

	 	(including the Business Assets), shall not constitute a representation, warranty or undertaking as
to its accuracy, and shall not constitute a defence to the Seller to any claim made by the Purchaser.

		 

		6.4.2     	In the absence of fraud, fraudulent misrepresentation, deceit, wilful misstatement or wilful non disclosure
by any Relevant Employee the Seller hereby waives each and every claim which it might otherwise have
against any of the Relevant Employees in respect of such information (and undertakes that no other
person claiming under or through it will make any such claim).

		 
	6.5	Acknowledgement by Purchaser
		 	 
		6.5.1     	The Purchaser acknowledges that it has not been induced to enter into this Agreement by any representation
or warranty other than the Warranties.

			 
		6.5.2     	So far as is permitted by law and except in the case of fraud, fraudulent misrepresentation, deceit,
wilful misstatement or wilful non disclosure, the Purchaser agrees and acknowledges that its only
right and remedy in relation to any breach of Warranty shall be as expressly provided in this Agreement
to the exclusion of all other rights and remedies (including those in tort or arising under statute).

			 
		6.5.3	The Purchaser agrees that the provisions of this Clause 6.5 are fair and reasonable.

	 	 
	7	Limitation of Liability
	 	 
	7.1	Limitation of Liability
	 	 
	 	The liability of the Seller in respect of any claim under this Agreement shall be limited as provided
in Clauses 7.3 to 7.9 except:

		 

		7.1.1     	in relation to any claim which arises out of any fraud, fraudulent misrepresentation, deceit, wilful
misstatement or wilful non disclosure by or on behalf of the Seller; or

			 
		7.1.2     	in relation to any claim which arises out of a breach of the Seller’s indemnity contained in Clause
2.7.4, 

			 

	 	where the Seller’s liability shall remain unlimited in all respects; and except
		 

		7.1.3     	in relation to any claim which arises out of the Warranties in relation to the performance of the obligations
of the Seller under the Petronas Contract prior to the Effective Time,

			 

	 	where the Seller’s liability shall be as provided under Clause 7.10.
		 
	7.2         	The Purchaser undertakes to notify the Seller in writing of any breach of this Agreement within six
weeks after it should reasonably have become aware of the underlying facts and should reasonably
have concluded that such facts constituted a breach of this Agreement. Such notification shall describe
the breach and the underlying facts in reasonable detail. Should the Purchaser fail to notify the
Seller within the period noted above, it shall be precluded from raising a claim in respect of the
respective breach 

		 
	7.3	The Seller shall not be liable for a breach of this Agreement to the extent that:
		 

		7.3.1	the Purchaser is compensated for its loss arising from the breach by a third party;
		 	 
		7.3.2     	the liability is reserved against in the Accounts (with the exception of reserves made for Tax and
employment liabilities);

	 
	

	

	

18

		7.3.3	the Purchaser caused the breach after the Effective Time;
		 	 
		7.3.4     	the Purchaser failed after the Effective Time to mitigate its loss arising from the breach; or
			 
		7.3.5	the Purchaser suffered any consequential damages as a result of the breach.

		 
	7.4         	The Seller shall not be liable in relation to any claim under paragraph 18 of Annex 13 to the extent
that any loss results from any act or omission done or any circumstance arising after the Effective
Time.

		 
	7.5         	The Seller shall not be liable in respect of any claim under this Agreement unless notice of the claim
is given by the Purchaser to the Seller:

		 

		7.5.1     	in respect of any claim in relation to Tax or any claim under paragraph 18 of Annex 13, by 30
June 2012;

			 
		7.5.2     	in respect of any claims under paragraph 8.3 of Annex 13 in relation to Contracts concluded with customers,
by 30 June 2009; and

			 
		7.5.3	in respect of any other claims under the Warranties, by 30 June 2007; and
			 
		7.5.4	in respect of any other claims under the Agreement by 30 June 2009.
			 

	7.6         	Without prejudice to Clause 7.8, the Seller shall not be liable under this Agreement in respect of
any individual claim (or a series of claims arising from substantially identical facts or circumstances)
under this Agreement where the Seller’s liability agreed or determined (disregarding the provisions
of this Clause 7.6) in respect of any such claim or series of claims does not exceed EUR 50,000.
If such claim (or series of claims) exceeds such amount, all of such claim or claims (and not merely
the excess) shall be recoverable.

		 
	7.7         	Without prejudice to Clause 7.8, the Seller shall not be liable under this Agreement in respect of
any claim under this Agreement unless the aggregate amount of all claims for which the Seller would
otherwise be liable under this Agreement (disregarding the provisions of this Clause 7.7) exceeds
EUR 150,000 in which case all of such claim or claims (and not merely the excess) shall be recoverable.

		 
	7.8         	The Seller shall not be liable for any individual claim under paragraph 8.3 of Annex 13 in relation to Contracts concluded with customers where the Seller’s liability in
respect of any such individual claim (or a series of claims arising from substantially identical
facts or circumstances) agreed or determined (disregarding the provisions of this Clause 7.8) in
respect of such any claim or series of claims does not exceed EUR 10,000. If such claim (or
series of claims) exceeds such amount, all of such claim or claims (and not merely the excess) shall
be recoverable.

		 
	7.9         	The aggregate liability of the Seller in respect of all breaches of this Agreement shall not exceed
100 percent of the Purchase Price. 

		 
	7.10	Remedy for Breach of the Petronas Contract
		 	 
		7.10.1  	In relation to any claim which arises out of the Warranties in relation to the performance of the obligations
of the Seller under the Petronas Contract prior to the Effective Time, the Seller shall, subject
to the provisions of Clauses 7.3.1, 7.3.2, and 7.10.2, indemnify the Purchaser against all Losses
suffered or incurred by the Purchaser in connection therewith as the same may be agreed or determined.

	 
	

	

	

19

		7.10.2  	The Seller shall not be liable in respect of any claim under Clause 7.10.1 unless notice of the claim
is given by the Purchaser to the Seller by 30 June 2012.

	 

	8	Purchaser Warranties
	 	 
	 	In consideration of the Seller agreeing to sell the Businesses (including the Business Assets) as going
concerns on the terms contained in this Agreement, the Purchaser warrants to the Seller that each
of the statements contained in Annex 14 is true and correct as at the date of this Agreement.

	 	 
	9	Further Undertakings
	 	 
	9.1         	The Seller undertakes (at its own cost and expense), upon the request of the other, at any time after
the date of this Agreement to do or procure to be done all acts and things and/or execute or procure
the execution of all documents reasonably required of it by which may be necessary to implement the
provisions of this Agreement.

		 
	9.2         	The Purchaser acknowledges that the Businesses are currently (partly) covered by a group insurance
policy of MSX International Inc. and that it has to make its own arrangements for appropriate insurance
coverage for the period following the Effective Time.

		 
	9.3         	At all times the Purchaser shall (at its own cost and expense) provide or procure to be provided to
the Seller and its representatives, agents and advisers all such information (including, without
limitation, the books, accounts, records and returns of the Purchaser) relating to the Businesses
(including the Business Assets) in respect of the period until the Effective Time as the Purchaser
may have in its possession or under its control as the Seller or its representatives, agents or advisers
may from time to time reasonably require and, for this purpose (subject to reasonable notice), shall
give the Seller and its representatives, agents and advisers all reasonable access to, and permit
them to copy, all such information.

		 
	9.4         	At all times the Seller shall (at its own cost and expense) provide or procure to be provided to the
Purchaser and its representatives, agents and advisers all such information (including, without limitation,
the books, accounts, records and returns of the Seller) relating to the Businesses (including the
Business Assets) as the Seller may have in its possession or under its control as the Purchaser or
its representatives, agents or advisers may from time to time reasonably require and, for this purpose
(subject to reasonable notice), shall give the Purchaser and its representatives, agents and advisers
all reasonable access to, and permit them to copy, all such information.

		 	 
	9.5	The Seller shall promptly upon receipt:
		 	 
		9.5.1     	pass to the Purchaser all notices, correspondence or enquiries relating to the Businesses (including
the Business Assets); and/or 

			 
		9.5.2     	pass or pay to the Purchaser all monies and other items belonging to the Purchaser which the Seller
receives after Closing; and/or

			 
		9.5.3     	assign to the Purchaser all orders relating to the Businesses which the Seller may receive after Closing.

			 

	9.6         	The Seller undertakes to the Purchaser to complete the work which was assigned to the Retained Business
prior to the Effective Time in relation to the Seller meeting its obligations under the Petronas
Contract, after the Effective Time, and the Purchaser undertakes to the Seller to invoice Petronas
for any work done by the Retained Business after the Effective Time and to pay such part of any monies
received by the Purchaser from Petronas in respect of the work carried out by the 

	 
	

	

	

20

	 	Retained Business after the Effective Time to the Seller within 10 Business Days of receipt of such
  monies by the Purchaser.

		 
	9.7         	The Purchaser undertakes to the Seller that between the Closing and 3 July 2005 and in relation to
  either of the Businesses, it shall not enter into any agreement, incur any commitment involving any
  capital expenditure or incur any borrowings which may have an effect on the Net Asset Statement.

	 	 
	10 	Conduct of Third Party Claims
	 	 
	10.1       	Subject to Clause 10.5, the Purchaser shall promptly notify the Seller if an action, claim, demand
  or proceedings with respect to which the Seller may be liable under this Agreement is asserted or
  announced by any third party in relation to the Businesses (a “Third Party Claim”) and provided that the Seller notifies the Purchaser in writing that it wishes to conduct the
  defence of the Third Party Claim within 10 Business Days of being notified of the Third Party Claim,
  the Purchaser shall allow the Seller and its professional advisers to investigate the matter or circumstance
  alleged to give rise to such claim and shall give all reasonable assistance (subject only to it being
  specifically indemnified and secured to its satisfaction against any costs, loss or expense which
  it may reasonably incur), including (on being given reasonable notice) access to premises and personnel,
  and the right to examine and copy or photograph any documents and records as the Seller or its professional
  advisers may reasonably request. 

		 
	10.2       	In connection with a Third Party Claim no admission of liability shall be made by or on behalf of the
  Purchaser and the claim shall not be compromised, disposed of or settled without the consent of the
  Seller (such consent not to be unreasonably withheld or delayed). 

		 
	10.3       	The Seller undertakes that it shall meet in full, without recourse to the Purchaser, the full amount
  of such Third Party Claim and the whole costs and expenses of the Purchaser in defending the same
  including without prejudice thereto any professional or other costs incurred by any or each of them
  in being advised with regard thereto and the Seller shall from time to time and forthwith upon the
  request of the Purchaser keep the Purchaser fully informed of its conduct of and any negotiations
  relating to the defence of such Third Party Claim. 

		 
	10.4       	If the Seller has informed the Purchaser in writing that it does not wish to defend a Third Party Claim,
  the Purchaser may take such action as the Purchaser sees fit with regard thereto without prejudice
  to any other rights or remedies of the Purchaser under this Agreement in relation to such Claim. 

		 
	10.5       	The Purchaser may elect not to notify the Seller under Clause 10.1 and allow the Seller the opportunity
  to conduct the defence of a Third Party Claim if, in the Purchaser’s opinion, such conduct would
  prejudice the business interests or reputation of the business of the Purchaser provided however
  that, if the Purchaser so elects, then the Seller shall cease to be liable for any Loss in relation
  to such Third Party Claim under the provisions of this Clause 10.

	 

	11	Receivables
	 	 
	11.1       	The Seller and the Purchaser shall (at the Purchaser’s request and at the Seller’s cost)
  within 30 Business Days of the Effective Time give notice in writing to the relevant debtors of the
  assignment of the Receivables to the Purchaser.

		 
	11.2       	Subject to the terms of the Shared Services Agreement, the Purchaser shall collect for its own account
  the Receivables.

	 
	

	

21

	11.3       	If any Receivable (or sum receivable in respect of either of the Businesses (including the Business
  Assets) as from the Effective Time) is received by the Seller after the Effective Time then the Seller
  shall be deemed to have received such Receivable or other sum as agent, and on trust for the Purchaser
  and shall report and account to the Purchaser on a two weekly basis in respect of all monies so received.

		 
	11.4       	The Seller shall not, without the prior written instruction or consent of the Purchaser, effect any
  settlement, compromise or release any claim in respect of any of the Receivables (or sum receivable
  in respect of either of the Businesses (including the Business Assets) as from the Effective Time)
  nor, without such consent, institute, carry on, defend, compromise, abandon or submit to judgement
  in any legal proceedings or join in and submit to arbitration or give security or indemnities for
  costs, pay any sum of money into court or obtain payment for money lodged into court or assign or
  deal with any of the Receivables (or sum receivable in respect of either of the Businesses (including
  the Business Assets) as from the Effective Time).

	 

	12	Contracts
	 	 
	12.1       	Subject to the provisions of this Clause 12, the Seller shall use all reasonable endeavours to assign,
  novate or transfer, or procure the assignment, novation or transfer of, the Contracts (in each case
  in such form as may be reasonably acceptable to the Purchaser) to the Purchaser and the Purchaser
  shall accept such assignment novation, or transfer, and shall be entitled with effect from the Effective
  Time to the benefit and rights, and shall observe and perform (or procure to be observed and performed)
  with effect from the Effective Time all the obligations, of the Seller thereunder.

		 
	12.2       	In relation to any Contract which is not assignable without a Third Party Consent, this Agreement shall
  not be construed as an assignment or an attempted assignment and the Seller and the Purchaser shall
  at the Seller’s expense use all reasonable endeavours at all times to obtain all necessary Third
  Party Consents as soon as possible and the Seller shall keep the Purchaser informed of progress in
  obtaining such Third Party Consents. The Purchaser shall supply to the Seller such information as
  may be reasonably requested by the Seller or the third party in connection with the same.

		 
	12.3       	Subject to Clause12.4, the Purchaser shall, from Closing, assume, carry out, perform and discharge
  the Seller’s obligations under the Contracts and shall indemnify and keep indemnified the Seller
  against any liability incurred by the Seller arising from the failure by the Purchaser to assume,
  carry out, perform or discharge such obligations and against any Losses which the Seller may suffer
  by reason of the Seller taking any reasonable action to avoid, resist or defend any liability referred
  to in this Clause.

		 
	12.4       	In respect of any Contract, from Closing until the relevant Third Party Consent has been obtained or
  where the Third Party Consent has been refused:

		 

		12.4.1  	the Seller shall continue in its corporate existence and hold the benefit of the Contract on trust
  for the Purchaser to the extent it is lawfully able to do so or where it is not lawfully able to
  do so, the Seller and the Purchaser shall make such other arrangements between themselves as the
  Purchaser may reasonably require to provide the benefits of the Contract for the Purchaser, including
  the enforcement at the cost and for the account of the Purchaser of all rights of the Seller against
  any other party thereto;

			 
		12.4.2  	to the extent that the Purchaser is lawfully able to do so, the Purchaser shall perform the Seller’s
  obligations under the Contract as agent or sub-contractor and shall indemnify the Seller in respect
  thereof. To the extent that the Purchaser is not lawfully able to do so, the Seller shall (subject
  to being indemnified by the Purchaser for all Losses the Seller may 

	 
	

	

22

	 	incur in connection therewith) do all such things as the Purchaser may reasonably require to enable
  due performance of the Contract. 

		 

	12.5       	If the Purchaser is not lawfully able to perform or procure the performance of any Contract in accordance
  with Clause 12.4 or to receive the benefits of any Contract in accordance with Clause 12.3 within
  9 months of Closing:

		 

		12.5.1  	the Seller shall be entitled with the prior written consent of the Purchaser (such consent not to be
  unreasonably withheld) to procure the termination of the Contract and the obligations of the parties
  under this Agreement in relation to such Contract shall cease forthwith; and 

			 
		12.5.2  	references in this Agreement to the Contracts and the Businesses (other than in this Clause12) shall
  be construed as excluding such Contract. 

	  

	13	Name
	 	 
	 	Except for those rights which are granted to the Purchaser under the Name Licence Agreement, the Purchaser
  shall use all reasonable endeavours to ensure that after the Effective Time, the Businesses no longer
  use the name “MSX” or “MSX International” (or any name which is likely to be
  confused with the same) or any related logos or devices. 

	  

	14 	Software Indemnities
	 	 
	14.1       	In relation to the Software Licences, the Seller undertakes to indemnify the Purchaser 50 percent of
  any increase in fees or royalties which are charged the Purchaser as a direct result of their assignment
  to the Purchaser by the Seller and in respect of the period to the next renewal of such Software
  Licences as in force at the Effective Time.]

	  

	15 	Non-competition
	 	 
	15.1       	Except with the prior written consent of the Purchaser, the Seller shall not, whether on its own behalf,
  or whether directly or indirectly on behalf of any person or business, or with any members of the
  Sellers Group:

	 	  

		15.1.1  	until 2 years after the Effective Time, carry on or be employed, engaged, concerned, interested or
  in any way assist within the United Kingdom in any business which is in any way in competition with
  all or part of the Businesses; or 

			 
		15.1.2  	until 2 years after the Effective Time, canvass, solicit, approach or entice or cause to be canvassed,
  solicited, approached or enticed (in relation to a business which may in any way compete with all
  or part of the Businesses) any person who at any time during the six months preceding Closing shall
  have been a client, customer, supplier, distributor or agent of the Businesses; or 

			 
		15.1.3  	until 2 years after the Effective Time, offer employment to or conclude any contract of services with
  any Restricted Employee or procure or facilitate the making of such an offer by any person, firm
  or company or entice or endeavour to entice any Restricted Employee to terminate their employment
  or contract for services with a view to the specific knowledge or skills of any Restricted Employee
  being used by, or for the benefit of, any person carrying on business in competition with the Businesses
  provided that the placing of an advertisement of a post available to a member of the public generally
  and the recruitment of a person through an employment agency shall not constitute a breach of this 

	 
	

	

23

	 	Clause 15.1.3 provided that no member of the Seller’s Group encourages or advises such agency
  to approach any Relevant Employee; or

		 

		15.1.4  	at any time after the Effective Time do anything which is intended to damage the goodwill or reputation
  of the Businesses; or

			 
		15.1.5  	at any time after the Effective Time, in any way hold itself out or permit itself or any member of
  the Seller’s Group to be held out as being interested in, or in any way connected with, the
  Businesses (other than as a matter of historic fact) without the express agreement of the Purchaser.

	 

	15.2	The Seller and the Purchaser confirm and agree that each undertaking in Clause 15.1:
		 	 
		15.2.1  	shall be read and construed independently of the other undertakings in that clause as an entirely separate
  and severable undertaking; 

			 

		15.2.2	is reasonable in all the circumstances;
		 

		15.2.3  	is of no greater duration, extent or application than is necessary for the protection of the goodwill
  of the Businesses; 

			 
		15.2.4  	has been given as a constituent part of the sale of the Businesses and the Business Assets and to enable
  the Purchaser to obtain the full benefit and value of the goodwill of the Businesses; and

			 
		15.2.5  	has been taken into account in determining, and is adequately compensated for, the amount of the consideration
  paid by the Purchaser for the Businesses (including the Business Assets).

			 

	 	However, if any one or more of such undertakings should for any reason be held to be invalid and unenforceable
  but would have been held to be valid and enforceable if part of the relevant wording was deleted
  or the relevant period reduced or the relevant range of activities or area covered thereby reduced
  in scope, such undertakings shall apply with the minimum modifications necessary to make them valid
  and enforceable.

		 
	15.3       	The restrictions in Clause 15.1 shall not operate to prohibit any member of the Seller’s Group
  from:

		 

		15.3.1  	carrying on or being engaged in the engineering services business of MSX as is carried on as at the
  date of this Agreement in and from Germany;

			 
		15.3.2  	carrying on or being engaged in the Retained Business as it is carried on as at the date of this Agreement;

			 
		15.3.3  	holding or being interested in up to 5 percent of the outstanding issued share capital of a company
  listed on any recognised stock exchange;

			 
		15.3.4  	fulfilling any obligation pursuant to this Agreement and any agreement to be entered into pursuant
  to this Agreement; 

			 
		15.3.5  	acquiring any business a part of which is of a same or similar type to the Businesses as now carried
  on and which is or is likely to be in competition with any part of the Businesses as now carried
  on if the turnover attributed to that part of the business to be acquired in the last financial year
  is less than Euro 375,000; or 

			 
		15.3.6	performing any Excluded Contract.

	 
	

	

  24

	16	Confidentiality
	 	 
	16.1       	Each of the parties undertakes with each other party that it shall preserve the confidentiality of
  the Confidential Information, and except to the extent otherwise expressly permitted by this Agreement,
  not directly or indirectly reveal, report, publish, disclose, transfer or use such Confidential Information
  for its own or any other purpose.

		 
	16.2       	Notwithstanding any other provision in this Agreement, a party may, after consultation with the other
  parties whenever practicable, disclose Confidential Information if and to the extent: 

		 

		16.2.1 	required by law; or
		 	 
		16.2.2  	required by any securities exchange on which that party’s securities are listed or traded; or 
			 
		16.2.3  	required by any regulatory or governmental or other authority with relevant powers to which that party
  is subject or submits (whether or not the authority has the force of law); or

			 

		16.2.4	required to enable that party to enforce its rights under this Agreement; or

		 	 
		16.2.5  	required by its professional advisers, officers, employees, consultants, sub-contractors or agents
  to provide their services (and subject always to similar duties of confidentiality); or 

			 
		16.2.6  	that information is in or has come into the public domain through no fault of that party; or 

			 
		16.2.7	the other parties have given prior written consent to the disclosure; or 

			 
		16.2.8 	it is necessary to obtain any relevant tax clearances from any appropriate tax authority. 

	 

	17	Guarantee of MSX
	 	 
	17.1       	MSX unconditionally and irrevocably guarantees to the Purchaser the due and punctual performance, payment
  and observance by the Seller of all its obligations (monetary or otherwise), undertakings and indemnities
  under or pursuant to this Agreement and/or any documents or agreements to be entered into or executed
  at Closing (the “Guaranteed Obligations”) to the extent of any limit on liability of the Seller under or pursuant to this Agreement and/or
  any documents or agreements to be entered into or executed at Closing.

		 
	17.2       	If and whenever the Seller defaults for any reason in the performance, or payment of any Guaranteed
  Obligation MSX shall upon demand unconditionally perform (or procure performance of) and satisfy
  (or procure the satisfaction of) the obligation or liability in regard to which such default has
  been made and so that the same benefits shall be conferred on the Purchaser as it would have received
  if such obligation or liability had been duly performed and satisfied by the Seller. 

		 
	17.3       	MSX agrees that if all or any of the Guaranteed Obligations may not be enforceable against or recoverable
  from the Seller by reason of any legal limitation, disability or incapacity or any other reason whatsoever
  such Guaranteed Obligation shall nevertheless be enforceable against or recoverable from MSX as though
  MSX were the sole and principal obligor in respect of the Guaranteed Obligations.

		 
	17.4       	The liability of MSX and the Purchaser’s rights under this guarantee shall not be affected or
  prejudiced by the Purchaser holding or taking any other or further securities, guarantees or indemnities
  in respect of the Guaranteed Obligations or any of them, or by the Purchaser varying, releasing,
  omitting or neglecting to enforce any of the terms of this Agreement and/or any such securities,
  guarantees or indemnities, or by any time being given or any indulgence granted to the 

	 
	

	

25

	 	Seller or MSX or by any other fact or circumstance which (apart from this provision) would or might
  discharge a surety or guarantor.

		 
	17.5       	This guarantee shall continue in force until all the Guaranteed Obligations of the Seller have been
  paid, performed or discharged.

		 
	17.6       	With the exception of the obligations under this Clause 17 and Clause 20.12, MSX shall have no further
  responsibilities under this Agreement.

	 

	18 	Guarantee of ARRK
	 	 
	18.1       	ARRK unconditionally and irrevocably guarantees to the Seller the due and punctual performance, payment
  and observance by the Purchaser of all its obligations (monetary or otherwise), undertakings and
  indemnities under or pursuant to this Agreement and/or any documents or agreements to be entered
  into or executed at Closing (the “Guaranteed Obligations”) to the extent of any limit on liability of the Purchaser under or pursuant to this Agreement
  and/or any documents or agreements to be entered into or executed at Closing.

		 
	18.2       	If and whenever the Purchaser defaults for any reason in the performance, or payment of any Guaranteed
  Obligation, ARRK shall upon demand unconditionally perform (or procure performance of) and satisfy
  (or procure the satisfaction of) the obligation or liability in regard to which such default has
  been made and so that the same benefits shall be conferred on the Seller as it would have received
  if such obligation or liability had been duly performed and satisfied by the Purchaser. 

		 
	18.3       	ARRK agrees that if all or any of the Guaranteed Obligations may not be enforceable against or recoverable
  from the Purchaser by reason of any legal limitation, disability or incapacity or any other reason
  whatsoever such Guaranteed Obligation shall nevertheless be enforceable against or recoverable from
  ARRK as though ARRK were the sole and principal obligor in respect of the Guaranteed Obligations.

		 
	18.4       	The liability of ARRK and the Seller’s rights under this guarantee shall not be affected or prejudiced
  by the Seller holding or taking any other or further securities, guarantees or indemnities in respect
  of the Guaranteed Obligations or any of them, or by the Seller varying, releasing, omitting or neglecting
  to enforce any of the terms of this Agreement and/or any such securities, guarantees or indemnities,
  or by any time being given or any indulgence granted to the Purchaser or ARRK or by any other fact
  or circumstance which (apart from this provision) would or might discharge a surety or guarantor.

		 
	18.5       	This guarantee shall continue in force until all the Guaranteed Obligations of the Purchaser have been
  paid, performed or discharged.

		 
	18.6       	With the exception of the obligations under this Clause 18 and Annex 2 Part II, ARRK shall have no
  further responsibilities under this Agreement.

	 

	19	Announcements
	 	 
	 	The parties authorise the issue of a press release or announcement in the agreed terms but shall not
  make any other public announcement or issue any other press release or respond to any enquiry from
  the press or other media concerning or relating to this Agreement or its subject matter or any ancillary
  matter (including but without limitation any terms of this Agreement such as price) except with the
  prior written approval of the other parties (such approval not to be unreasonably withheld, 

	 
	

	

26

	 	delayed or made subject to any unreasonable conditions) or if, and to the extent, required by law or
  governmental, regulatory or other authority.

	 
	

	

27

	20	Miscellaneous
	 	 
	20.1	Costs
	 	 
	 	All costs and expenses incurred in connection with this Agreement and the consummation of the transactions
  shall be paid by the party incurring such expenses, except as specifically provided to the contrary
  in this Agreement.

	 

	20.2	Variation
	 	 
	 	Changes and amendments to this Agreement shall be effective only if made in writing and signed by or
  on behalf of each of the parties.

	 	 
	20.3	Invalidity
	 	 

		20.3.1  	If any provision of this Agreement is held to be invalid or unenforceable by any judicial or other
  competent authority, all other provisions of this Agreement will remain in full force and effect
  and will not in any way be impaired.

			 
		20.3.2  	If any provision of this Agreement is held to be invalid or unenforceable but would be valid or enforceable
  if some part of the provision were deleted, or the period of the obligation reduced in time, or the
  range of activities or area covered, reduced in scope, the provision in question shall apply with
  the minimum modifications necessary to make it valid and enforceable

	 	 
	20.4	Entire Agreement
	 	 
	 	This Agreement (together with the documents referred to or incorporated in it or executed at Closing)
  contains the entire agreement between the parties relating to the subject matter of this Agreement
  at the date of this Agreement to the exclusion of any terms implied by law which may be excluded
  by contract and supersedes any previous written or oral agreement between the parties in relation
  to the matters dealt with in this Agreement. The parties agree that the provisions of this Clause
  20.4 are fair and reasonable.

	 	 
	20.5	Headings and Annexes
	 	 
	 	The Annexes to this Agreement shall form an integral part of this Agreement. The headings in this Agreement

  shall only serve the purpose of easier orientation and are of no consequence for the contents and
  interpretation of this Agreement. 

	 	 
	20.6	Notices
	 	 

		20.6.1  	Any notice or other communication in connection with this Agreement (each, a “Notice”) shall be:

			 

		(i)	in writing in English; and
			 
		(ii)	delivered by hand, fax, pre-paid first class post or courier using an internationally recognised courier
  company.

			 

		20.6.2  	A Notice to the Seller or MSX shall be sent to the following address, or such other person or address
  as the Seller may notify to the Purchaser from time to time:

			 

	 	MSX International Limited
		 
	 	Lexden House, London Road, Colchester, Essex, CO3 4DB

	 
	

	

28

	 	Fax: +44 1206 767615
		 
	 	Attention: Alan Roberts
		 
	 	with a copy to:
		 
	 	MSX International, Inc.
		 
	 	1950 Concept Drive, Warren, Michigan 48091
		 
	 	Fax: +1 248 829 6310
		 
	 	Attention: Lea Wilson
		 

		20.6.3  	A Notice to the Purchaser or ARRK shall be sent to the following address, or such other person or address
  as the Purchaser may notify to the Seller from time to time:

			 

	 	ARRK Technical Services Limited 
		 
	 	Unit 11, Olympus Park, Quedgely, Gloucester
		 
	 	Fax:
		 
	 	Attention: Peter Rawson
		 

		20.6.4    	A Notice shall be effective upon receipt and shall be deemed to have been received:

		 

		(i)	60 hours after posting, if delivered by pre-paid first class post;

			 
		(ii)	at the time of delivery, if delivered by hand or courier; or

			 
		(iii)	at the time of transmission in legible form, if delivered by fax.

	 	 
	20.7	Assignment
	 	 
	 	Except as provided otherwise in this Agreement, no Party may assign, hold on trust or otherwise dispose
  or encumber this Agreement or any of the rights and claims relating to or resulting from this Agreement
  without the express written consent of the other.

	 	 
	20.8	Counterparts
	 	 
	 	This Agreement may be entered into in any number of counterparts, all of which taken together shall
  constitute one and the same instrument.

	 	 
	20.9 	Third Party Rights
	 	 
	 	A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties)
  Act 1999 to enforce any term of, or enjoy any benefit under, this Agreement.

	 

	20.10  	Waivers
	 	 
	 	Without prejudice to the express terms of this Agreement:

		 

		20.10.1              	a waiver of any right, power, privilege or remedy provided by this Agreement must be in writing and
  may be given subject to any conditions thought fit by the grantor. For the avoidance of doubt, any
  omission to exercise, or delay in exercising, any right, power, privilege or remedy provided by this
  Agreement shall not constitute a waiver of that or any other right, power, privilege or remedy.

			 
		20.10.2              	a waiver of any right, power, privilege or remedy provided by this Agreement shall not constitute a
  waiver of any other breach or default by the other party and shall 

	 
	

	

29

	 	not constitute a continuing waiver of the right, power, privilege or remedy waived or a waiver of any
  other right, power, privilege or remedy. 

		 

		20.10.3              	any single or partial exercise of any right, power, privilege or remedy arising under this Agreement
  shall not preclude or impair any other or further exercise of that or any other right, power, privilege
  or remedy. 

	 	 
	20.11	Law and Jurisdiction
	 	 
	 	This Agreement shall be governed by and construed in accordance with English law. Each of the parties
  irrevocably submits to the exclusive jurisdiction of the courts of England and Wales to settle any
  dispute arising out of or in connection with this Agreement.

	 	 
	20.12	MSX Process Agent
	 	 

		20.12.1              	MSX hereby irrevocably appoints MSX International Limited of Lexden House, London Road, Colchester,
  Essex, CO3 4DB as its agent to accept service of process in England in any legal action or proceedings
  arising out of this Agreement, service upon whom shall be deemed completed whether or not forwarded
  to or received by MSX.

			 
		20.12.2              	If such process agent ceases to be able to act as such or to have an address in England, MSX irrevocably
  agrees to appoint a new process agent in England acceptable to the Purchaser and to deliver
  to the Purchaser within 20 Business Days a copy of a written acceptance of appointment by the process
  agent.

			 
		20.12.3              	Nothing in this Agreement shall affect the right to serve process in any other manner permitted by
  law.

	 
	

	

30

	
This Agreement is executed as a deed by the parties and is delivered and takes effect on the date at
the beginning of this Agreement.

	 

	 	 
	/s/ Frederick
      K. Minturn 	 
	
      

    	 
	 	 
	/s/ Stewart Garnett
      	 
	
      

    	 
	Executed as a Deed
      by Frederick K. 

      Minturn (a director) and Stewart Garnett (a 

      director) on behalf of 

      MSX INTERNATIONAL LIMITED:	
      

    
	 	 
	 	 
	/s/
      Peter Rawson	 
	
      

    	 
	Executed as a Deed
      by 

      Peter Rawson 

      on behalf of 

      ARRK TECHNICAL SERVICES 
LIMITED:	
      

    
	 	 
	 	 
	/s/ Frederick K. Minturn
      	 
	
      

    	 
	Executed as a Deed
      by 

      Frederick K. Minturn 

      on behalf of 

      MSX INTERNATIONAL INC:	
      

    
	 	 
	 	 
	/s/
      Abhilash Katkoria	 
	
      

    	 
	Executed as a Deed
      by 

      Abhilash Katkoria

      on behalf of 

      ARRK PRODUCT DEVELOPMENT 
LIMITED:	
      

    

	 
	

	

31EXHIBIT 10.2

Notarial Deed No.: 594/2005R

Negotiated in Cologne on June 10, 2005

Before me

Dr. Franz J. Robertz

notary public in Cologne

appeared:

	 	 
	1.	Mr. Wolfgang Kurth, born April 10, 1942,

  with business address: Stolberger Straße 313, 50933 Cologne,

  identified by his official identity card,

  here acting as
		 

		a)	managing director with sole power of representation and being released from the restriction pursuant to Section 181 BGB of MSX International Engineering GmbH with its seat in Homberg/Ohm, registered
  with the Magistrates Court of Gießen under Registration No. HRB 5415 

			(business address: Berliner Straße 13 A, 35315 Homberg),
			 
			- hereinafter referred to as “MSXIE” -
			 
	and
			 
		b)	managing director with sole power of representation and being released from the restrictions of Section 181 BGB of CADFORMMSX Engineering GmbH with its seat in Homberg/Ohm, registered with the Commercial Register of the Magistrates Court of Gießen under Registration No. HRB 5062,

			(business address: Berliner Straße 13 A, 35315 Homberg)
			 
			- hereinafter referred to as “CADFORM” -
			 
	and
			 
		c)	managing director with sole power of representation and being released from the restrictions pursuant to Section 181 BGB of MSX Holding GmbH with its seat in Cologne, registered with the Commercial Register of the Magistrates Court of Cologne under Registration No. HRB 29505,

			(business address: Stolberger Straße 313, 50933 Köln)
			 
			- hereinafter referred to as “MSX Holding” -
			 
	2.	Mr. Willi Stellmacher, born February 16, 1951, residing at: Briesener Str. 16, 03046 Cottbus, identified by his official identity card, here acting in his own name

			 
			- hereinafter referred to as “Purchaser” -
			
			
			
			
			
			
	
	
	
	
	
	

	

1

	
Preamble:

	 

	1.	MSXIE is the sole shareholder of CADFORM. CADFORM is engaged as engineering service provider, in particular in the automotive industry. As a result of markets being tight since several years and a therefrom
  resulting decrease of business, necessary restructuring measures are about to be planned and executed
  at CADFORM. For principle and entrepreneurial reasons, MSXIE has decided to divest CADFORM to enable
  the company together with Purchaser as new responsible shareholder, to plan and perform the necessary
  measures to achieve a continuation of its business.

		 

	2.	To further the planning and performance of the above-mentioned measures, MSXIE has today resolved a contribution to the capital reserves of CADFORM pursuant to § 272 Section 2 No. 4
  HGB in the amount of EUR 1,000,000 (in words: Euro one million) and has arranged for the consummation
  of such contribution to CADFORM.

		 

	 	Furthermore, MSX Holding, the sole shareholder of MSXIE, is prepared to sell and transfer its silent partnership interest in CADFORM to the Purchaser in accordance with the terms and conditions of this Agreement.

		 

	 	Finally, the parties agree that, in order to strengthen the liquidity position of CADFORM, CADFORM shall sell and transfer its real property to MSXIE in accordance with the terms and conditions of
  this Agreement and shall lease such real property in accordance with the terms and conditions of
  this Agreement.

	 	  
	Now therefore, the parties declare as follows: 

	

2

	
A.

Purchase and Sale Agreement

First, MSXIE and CADFORM declare the following real property purchase and sale agreement:

	 

	1.	CADFORM is the registered owner of the property registered in the Land Register of the Magistrates Court of Alsfeld, Land Register Homberg, Folio 2562, Area 4, Lot No. 170/3 and 170/5, Berliner Straße
  13, 2.594 m2, (hereinafter referred to as “Real Property”).

		 
	 	The Real Property is encumbered in the Land Register as follows:

		 

	 	Department II:

		 

		No. 1	Limited personal easement (aqueduct right) for the municipality of Homberg,

			 

		No. 2	easement in favor of the Federal State of Hessen, that no commercial building shall be erected or maintained on the real property causing emissions, noise, light or other effects exceeding the extent usual
  for real property serving living purposes,

		 	 
		No. 3	easement (walking and driving right),

		 	 

		No. 5	easement (walking and driving right).

	 	 
	 	Department III: 
	 	 	 
	 	No. 1	DM 100,000,
	 	No. 2 	DM 100,000,
	 	No. 3 	DM 50,000,
	 	No. 4  	DM 40,000,
	 	No. 5	DM 40,000,
	 	No. 6	DM 40,000,
	 	No. 7	 DM 40,000,
	 	No. 8	 DM 40,000,
	 	No. 9	DM 50,000,
	 	No. 10	DM 100,000
	 	No. 1-10	land charges in favour of Kreissparkasse Aalsfeld
	 	No. 11	DM 1,000,000
	 	No. 12	DM 800,000,
	 	No. 13	DM 750,000,
	 	No. 11-13	land charges in favour of BHF-Bank AG, Frankfurt.
		 
	 	BHF-Bank AG is now trading under ING BHF Bank AG.

    According to the Seller the land charges No. 1-10 have been transferred to ING BHF Bank AG, which has not been registered in the land register.

	 	 

	 	The notary public had the above contents of the Land Register confirmed.

		 

	 	The encumbrances registered in Department II of the Lad Register shall be assumed by MSXIE.

		 

	 	Based on information received from CADFORM, the land charges registered in Department III of the Land Register no longer value, i.e. there are no outstanding secured obligations. In relation to those
  land charges, authorizations from the creditor banks required to delete the land charges have been
  obtained already. 

	

3

	2.	CADFORM hereby sells to MSXIE, who accepts such sale, exclusive title to the Real Property, together
  with all components and statutory fixtures. 

		 

	3.	The purchase price amounts to EUR 1,300,000 (in words: Euro one million three hundred thousand) and
  is due and payable as follows:

		 

	 	The purchase price shall be due and payable into the account of CADFORM, to be designated by CADFORM
  within three weeks after the officiating notary public has confirmed to the parties in writing that
  (i) the application regarding the registration of the priority notice in favor of MSXIE pursuant
  to Section 9 below has been filed with in the Land Register and (ii) that there are no other
  applications submitted to the Land Register in relation to the Real Property which have priority
  in rank, at the latest, however, on July 4, 2005. The point in time of payment of the purchase
  price is hereinafter referred to as “Effective Date”, it being agreed that the payment
  by MSXIE shall be decisive. 

		  

	4.	MSXIE hereby submits itself vis-á-vis CADFORM to immediate enforcement under this Deed with regard
  to its payment obligation into his entire assets and authorizes the isuance of enforceable counterparts
  of this Deed without further proof.

		  

	 	The notary is hereby instructed to apply for the registration of the conveyance of title as soon as
  he has received evidence of the complete payment of the purchase price. Prior thereto, the notary
  shall not issue to MSXIE or the Land Register counterparts or certified copies of this Deed containing
  the conveyance of the Real Property.

		  

	5.	Any rights of MSXIE based upon defects of the Real Property, the buildings and movable property sold
  along therewith is excluded. This also applies to damage claims unless CADFORM has acted intentionally.
  CADFORM hereby represents that he is not aware of hidden defects. MSXIE has diligently inspected
  the Real Property; he buys the Real Property in its present used and old-age condition. CADFORM hereby
  assigns all of its claims owed by third parties that he may have in relation to the Real Property
  and the buildings erected thereupon, including, without limitation, such resulting from existing
  insurance coverage and/or claims owed by crafts people, to MSXIE, who accepts such assignment. The
  assignment is made under the condition precedent that the purchase price is fully paid in accordance
  with Section 3 above.

		  

	 	The above exclusion of liability shall also apply to defects coming into existence after the notarization
  of this Deed. The risk of fire, elementary and water damage, however, shall remain with CADFORM until
  the Effective Date. In addition, CADFORM shall treat the Real Property with due care and maintain
  the present usability of the Real Property; in this respect the term of limitations shall be reduced
  to three months from the transfer of possession.

		  

	 	CADFORM shall not be responsible for the correctness of the size of the Real Property as registered
  in the Land Register.

		  

	6.	Any encumbrances not registered in the Land Register, (e.g. easements under previous laws, rights of
  neighbors, building charges) shall be assumed by MSXIE. However, CADFORM is not aware of any such
  rights.

		 

	7.	CADFORM shall be obliged to transfer the real property free from encumbrances and restrictions and
  interestes, taxes, and duties which have not been assumed. As per the Effective Date MSXIE, shall
  assume.

		 

	 	-
	possession and benefits, 

	   	   	   
	 	-
	risks, 
  

	   	   	   
	 	- 
	current obligations including all obligations regarding insurances relating to the Real 

	 	Property,
	   	   	   
	 	- 
	legal duty to maintain safety.

	

4

	 	CADFORM guarantees, that there is no obligation for residential use under the Residential Use Obligation
  Act or the Residential Use Advancement Act.

		 

	 	Infrastructure contributions according to the Building Act and other infrastructure charges shall be
  borne by MSXIE,

		 

		-	to the extent they have been levied until the date hereof by submission of a notification, in addition

	   	   	   
		-	to the extent they will be levied upon installations existing on the date hereof, independently from
  the obligation to pay such contributions and the submission of a notification.

	 	 	 

	 	The notary has advised that, independently from the above agreement, the respective owner is responsible
  for such charges vis-á-vis the municipality and that such charges constitute a public law encumbrance
  upon the Real Property.

		 

	8.	The Land Register and notary fees associated with Part A of this Deed and its implementation, as well
    as Real Estate transfer tax, shall be borne by MSXIE. Cost for deletions in the Land Register shall
    also be borne by MSXIE.

		 
	9. 	The Parties agree the title to the real property shall pass to MSXIE.

		 

		The registration of the change of ownership in the land register is hereby consented and applied for. [Comment LOR: Those sentences will enter into force upon payment of the Purchase Price.]

		  

		In order to secure the claim relating to the transfer of title, CADFORM hereby consents to and CADFORM and MSXIE hereby apply for the registration of a priority notice in favor of MSXIE.

		

	 	MSXIE hereby consents to the deletion of such priority notice upon registration of the transfer of title provided that no rights have been registered or applied in the Land Register in the intermediate term without his consent.

		 

	 	The deletion of all encumbrances registered in Department II and III of the Land Register which are not assumed is hereby consented to and applied for. CADFORM hereby assigns to MSXIE all its rights relating to land charges effective upon the transfer of title.

		 

	10.	The parties hereby waive the right to make applications to the Land Register to the effect that only the notary may make such applications to the Land Register.

		 

	 	The notary shall be entitled to make applications under this Deed separately and with limitations and to withdraw them in the same manner. In addition, the notary is entitled to make any declarations which are necessary or useful to implement this Agreement. The notary is entitled to determine the rank of registratons.

		 

	 	The claim for conveyance of title and any in-rem rights under this Deed shall be subject to a limitation period of 30 years from the commencement of the limitation terms stipulated by law.

		 

	 	Any approvals to this Deed shall become effective upon receipt by the notary.

		 

	 	The parties have been advised of any potentially existing statutory pre-emption or acquisition rights, in particular based upon the Building Act. The notary shall provide this Agreement to the municipality for purposes of it declaring itself with regard to the exercise of any such rights and accept any waivers and declarations.

		 

	 	In the event that a pre-emption or acquisition right is exercised, any notification thereof shall be submitted to the parties directly with a copy to the notary. In this event, CADFORM assigns its payment claim vis-á-vis the municipality to MSXIE to the extent that MSXIE had already paid the purchase price. All rights of rescission shall be excluded.

		 

	 	The notary has advised the parties in particular of the following:

	 	 

		-      CADFORM and MSXIE are jointly liable for taxes relating to the Real Property, Real Estate transfer tax, duties and costs under applicable laws.

	

5

		-      All contractual arrangements must be recorded in one notarial deed; ancillary agreements outside of this Deed may result in the entire transaction being void.

		 
		-      Title passes only upon registration of the transfer in the Land Register. Prior to the registration of transfer all necessary consents and declarations as well as the clearance certificate of the tax office with regard to the Real Estate transfer tax and the declaration of the municipality with regard to the existing statutory pre-emption right must be obtained.

	 
	B.
	 
	
Lease Agreement

	 

	MSXIE and CADFORM hereby conclude the lease agreement, a draft of which is attached hereto as Annex B.1. 

	 
	MSXIE and CADFORM undertake to execute such lease agreement in two originals, one for each party
    thereto.

	 
	C.
	 
	
Purchase and Assignement of Shares

Now, MSXIE, Purchaser and, in relation to the declarations pursuant to Sections 6.2 and 6.3 below,
also CADFORM, declare the following share purchase and transfer agreement:

	 

	1.	MSXIE holds shares in CADFORM in the aggregate nominal amount of DM 3.405.000,00 (= 100 %
  of the shares), comprising of, 

		 

	 	1 share	nominal amount	DM	281.800,00	 
	 	1 share	nominal amount	DM	281,800,00	 
	 	1 share	nominal amount	DM	1.105.000,00	 
	 	1 share	nominal amount	DM	17.200,00	 
	 	1 share	nominal amount	DM	17.200,00	 
	 	1 share	nominal amount	DM	10.000,00	 
	 	1 share	nominal amount	DM	10.000,00	 
	 	1 share	nominal amount	DM	18.400,00	 
	 	1 share	nominal amount	DM	18.400,00	 
	 	1 share	nominal amount	DM	1.400,00	 
	 	1 share	nominal amount	DM	1.400,00	 
	 	1 share	nominal amount	DM	17.000,00	 
	 	1 share	nominal amount	DM	17.000,00	 
	 	1 share	nominal amount	DM	9.500,00	 
	 	1 share	nominal amount	DM	9.500,00	 
	 	1 share	nominal amount	DM	208.200,00	 
	 	1 share	nominal amount	DM	208.200,00	 
	 	1 share	nominal amount	DM	25.000,00	 
	 	1 share	nominal amount	DM	5.200,00	 
	 	1 share	nominal amount	DM	8.000,00	 
	 	1 share	nominal amount	DM	255.300,00	 
	 	1 share	nominal amount	DM	37.500,00	 
	 	1 share	nominal amount	DM	700,00	 
	 	1 share	nominal amount	DM	255.300,00	 
	 	1 share	nominal amount	DM	17.000,00	 
	 	1 share	nominal amount	DM	11.000,00	 
	 	1 share	nominal amount	DM	8.000,00	 

	

6

	 	1 share	nominal amount	DM	17.500,00	 
	 	1 share	nominal amount	DM	3.100,00	 
	 	1 share	nominal amount	DM	160.500,00	 
	 	1 share	nominal amount	DM	20.000,00	 
	 	1 share	nominal amount	DM	131.900,00	 
	 	1 share	nominal amount	DM	217.000,00	 

		 
	2.	MSXIE hereby sells its above-mentioned shares in CADFORM in the aggregate nominal amount of DM 3,405,000.00
  with all rights and obligations and the right to all profits not yet distributed as per today’s
  date and all profit drawing rights as from today’s date to the Purchaser and assigns such shares
  and other rights to the Purchaser who accepts such assignment. It is the understanding of the parties,
  that the Purchaser shall acquire all shares in CADFORM, i.e. all shares in CADFORM are hereby assigned
  by MSXIE to the Purchaser even if the nominal amounts of the shares have denominations other than
  as set out in Section 1 above.

		 

	3.	The purchase price amounts to 1 € (one Euro). The purchase price is due and payable immediately
  and has been paid already. MSXIE hereby confirms receipt of the purchase price.

		 

	4.	MSXIE guarantees to the Purchaser within the meaning of an independent guarantee promise pursuant to § 311 Section 1 BGB that the following statements are correct as of today’s date:

		 

	4.1	The shares sold and transferred to the Purchaser pursuant to Section 2 above are fully paid in
  and have not been repaid to MSXIE. Upon transfer of the shares in CADFORM pursuant to Section 2
  above, the Purchaser can dispose of them free of encumbrances and free of charges and other liens
  whatsoever.

		 

	4.2	The current version of the Articles of Association of CADFORM is attached to this notarial Deed as
    Annex C.4.

		 

	4.3	The Commercial Register excerpt attached hereto as Annex C.4.3 correctly reflects the current registration status of CADFORM. There are no pending registration applications.
  Also, no shareholder’s resolutions requiring registration have been adopted.

		 

	4.4	The preliminary management accounts as per May 31, 2005 attached hereto as Annex C.4.4 have, to the knowledge of MSXIE, been properly prepared; the assets reflected therein, are available
  to CADFORM to continue its business operations and over and beyond the liabilities reflected therein
  there are, to the knowledge of MSXIE, no other liabilities owed by the company which would have to
  be accrued on the basis of accounting principles generally accepted in Germany. 

		 

	4.5	The financial statement of CADFORM as per December 31, 2002 attached hereto as Annex C.4.5.1 has, to the knowledge of MSXIE, been prepared in accordance with applicable accounting principles.
  The draft financial statements of CADFORM as per December 31 2003 and 2004 have been delivered
  to the Purchaser.

		 

	4.6	To the knowledge of MSXIE, CADFORM has until today’s date in due time discharged all payment obligations
  relating to taxes, social security contributions and other public dues.

		 

	4.7	To the extent the above guarantees are being made on the basis of Seller’s awareness, the positive
  knowledge of the management of MSXIE shall be exclusively decisive.

		 

	5.1.	In the event that any of the guarantees pursuant to Section 4 above is incorrect, MSXIE shall
  put the Purchaser in the position as if the guarantee had been correct as of today’s date. Claims
  of the Purchaser 

	

7

	 	based on the guarantees pursuant to Section 4 above are excluded if and to the extent (i) the
  Purchaser was aware of the underlying circumstances as per today’s date, (ii) the damage has
  already been reflected or accrued in the management accounts referred to in Section 4.4 above, (iii)
  CADFORM can request compensation from a third party and (iv) to the extent the damage to be compensated
  by MSXIE under the terms of this agreement exceeds the amount of EUR 10,000 in the individual
  case. All claims of the Purchaser pursuant to Part C of this Deed are capped by the maximum amount
  of EUR 100,000. The parties are in agreement that claims, if any, under the guarantees pursuant
  to Section 4 above in connection with this Section 5 would arise to the exclusive benefit
  of the Purchaser and shall not be assignable to third parties. In this respect, the Parties expressly
  agree a covenant against assignment.

		 

	5.2.	The rights and claims of the Purchaser under this Part C of this Deed in relation to the transferred
  shares in CADFORM and its business operations are exclusive. All other rights and claims the Purchaser
  might otherwise have in relation to the shares in CADFORM and its business operations are expressly
  excluded, in particular including, without limitation, claims resulting from a challenge of this
  Agreement, further reaching claims relating to factual or legal deficits, claims resulting from §§ 280,
  311 and 313 BGB. Claims of the Purchaser based on bad intent or fraud shall remain unaffected.

	 	 
	5.3.	All rights of the parties to rescind this Agreement are explicitly excluded.

	 	 

	5.4.	Claims of the Purchaser based on the guarantees pursuant to Section 4 above shall become time
  barred upon expiration of 6 months after the date hereof.

		 

	6.1.	To the extent not otherwise provided herein, the Purchaser undertakes to indemnify MSXIE as from the
  date hereof from and against all obligations and liabilities of CADFORM which might be raised against
  MSXIE, in particular including any such obligations and liabilities resulting from the conduct of
  the business operations of CADFORM as from the date hereof.

		 

	6.2.	MSXIE undertakes to indemnify CADFORM and the Purchaser as from today’s date from and against
  all obligations of CADFORM resulting from or relating to the silent partnership interests in CADFORM
  of MBG Mittelständische Beteiligungsgesellschaft Hessen Gmbh, Wiesbaden, and S-Beteiligungsgesellschaft
  Hessen-Thüringen, Frankfurt am Main.

		 

		Moreover, MSXIE and CADFORM hereby agree the termination of all reciprocal contractual and other legal
  relations with immediate effect. Payment claims existing in the relation between CADFORM and MSXIE
  after such termination shall first be settled by way of off-set and any excess claims of MSXIE against
  CADFORM, if any, are hereby assigned to the Purchaser, who accepts such assignement. Furthermore,
  MSXIE undertakes to indemnify CADFORM from and against all obligations and liabilities owed to other
  MSX group companies, except to the extent such can be settled by way of off-set, which off-set is
  hereby agreed in principle and except for such obligations and liabilities resulting from delivery
  or supply relations.

		 

	6.3.	Purchaser is aware that the parental guarantee of MSX Holding declared in favor of CADFORM automatically
  terminates as a result of the share transfers agreed in Part C of this Notarial Deed with the consequence
  that no further claims of CADFORM vis-á-vis MSX Holding exist.

		

   
	7.1.	MSXIE undertakes to use reasonable efforts to assist CADFORM and the Purchaser in connection with the
  preparation and completion of the financial statements of CADFORM relating to the fiscal years ending
  December 31, 2003 and December 31, 2004.

		 

	7.2.	The Purchaser and CADFORM shall grant MSXIE sufficient opportunity to participate in administrative
  audits of CADFORM relating to the period of time until the date hereof. The Purchaser and CADFORM
  undertake to make statements which may be binding for MSXIE or other companies of MSX group only
  upon consent of MSXIE.

	

8

	8.	Pursuant to § 10 of the Articles of Association, the transfer of shares requires the cent
  of the majority of the shareholders meeting. Waiving all provisions as regards notice and form, MSXIE
  hereby convenes a shareholders meeting of CADFORM and resolves the consent of the shareholders meeting
  to the transaction contemplated in Part C of this Deed.

		 

	9.	Notarial fees resulting from the notarization of this Part C of this Deed shall be borne by MSXI.

	 
	D.
	 
	
Shareholders Meeting of CADFORM

Waiving all provisions as to notice and form, the Purchaser hereby convenes a 

shareholders meeting

of CADFORM and resolves as follows:

	 

	1.	Amendment of the Articles of Association

	    	    
	 	The company name of the company shall be changed. § 1 Section 1 is hereby revised as
  follows:

“The company name of the company is: CADFORM Engineering GmbH.”

  Apart therefrom, the Articles of Association shall not be changed.

	 	 

	2.	Changes to the Management

	    	    
	 	1.
	The appointment of Mr. Wolfgang Kurth as managing director is hereby revoked. 

    Performance of his duties is hereby approved.  

	    	    	    
	 	2.
	Mr. Willi Stellmacher, born February 16, 1951, residing at Briesener Str. 16, 03046 Cottbus, is hereby appointed new managing director.

	    	    	    
	 	
	He shall always be entitled to sole representation, even if further managing directors are appointed. The managing director is furthermore entitled to represent the company in connection with transactions involving himself as a party or involving him as proxy of a third party (release from the restrictions pursuant to § 181 BGB).

	    	    	    
	3.	1.  
	Miss Monika Petersen, notarial clerk,

	    	    	    
	 	2.          Mr. Axel Helbig, notarial clerk, both with business address at the acting notary public, are hereby authorized to resolve changes to the Articles of Association which may be required or useful to achieve the registration in the Commercial Register. Moreover, the proxies are authorized to make all declarations which are required to implement the resolutions adopted in this shareholders meeting.
    
	    	    

	4.            	The notary instructed that the amendment to the Articles of Association only becomes effective upon
  registration with the Commercial Register. Prior to the registration, administrative approvals and
  the consent of competent chambers will have to be obtained and the cost of the Commercial Register
  will have to be paid.

	    	     

	 	Approvals to this Notarial Deed shall become effective upon receipt by the notary. All cost relating
  to Part D of this Notarial Deed and its implementation, including the notarial, Chamber of Commerce,
  Commercial Register fees shall be borne by CADFORM.

	

9

	
E.

Assignment of the Silent Partnership Interest of the MSX Holding to the Purchaser

	 

	1.	MSX Holding hereby sells and transfers to the Purchaser, who accepts such sale and transfer, all of
  its silent partnership interests in CADFORM with all related rights and obligations, i.e.:

		 

		(i)	the silent partnership interest acquired from S-Beteiligungsgesellschaft Hessen-Thüringen mbH
  pursuant to Section II.1 of notarial deed NO. 165/1999Ro of the notary public Axel Rodert in Cologne
  dated January 8, 1999 (as increased on the basis of Section IV of the aforesaid notarial deed),

	    	    	    
		(ii)	the silent partnership interest acquired from MBG Mittelständische Beteiligungsgesellschaft Hessen
  GmbH pursuant to Section II.2 of notarial deed No. 165/1999Ro of the notary public Axel Rodert in
  Cologne dated January 8, 1999,

	    	    	    
		(iii)	the silent partnership interest agreed in Section I.1 of the notarial deed No. 4064/1999Ro of the notary
  public Axel Rodert in Cologne dated October 15, 1999.

	    	    	    

	2.	The Purchaser had the opportunity to review the aforesaid notarial deeds and is aware of the terms
  and conditions underlying the silent partnership interests.

	    	     

	3.	The purchase price for the sale and transfer of the silent partnership interests pursuant to Section
    1 above amounts to EUR 1 (in words: Euro one). The purchase price is due and payable immediately
    and MSX Holding hereby confirms receipt of the purchase price from the Purchaser.

	    	     

	4.	Purchaser undertakes to fully and without undue delay subordinate all claims acquired pursuant to this
    Part E of this Deed as well as all other claims owed by CADFORM that Purchaser otherwise acquires
    under this Deed.

	 
	F
	 
	
Joint Provisions

	 

	1.	To the extent not otherwise provided herein, each party shall bear its own costs and taxes and the
  cost of its advisers and auditors.

	    	     

	2.	Changes and amendments to this Agreement as well as declarations to be made hereunder shall require
  to be made in writing, unless a notarial deed is required. This shall also apply to any amendment
  of this Section 2.

	    	     

	3.	Should a provision of this Agreement be invalid or not contain a necessary provision, the validity
  of the remaining provisions of this contract shall not be affected. Instead of the invalid provision
  or to fill the gap, a legally permissible regulation shall apply which, as close as possible, corresponds
  to what the parties had in mind or would have had in mind according to the aims and objectives of
  this Agreement, had they been aware of the gap.

	    	     

	4.	The Annexes of this Agreement shall be an integral part of this Agreement. Headings only serve as easier
  orientation and have no relevance for the contents and interpretation of this Agreement.

	    	     

	5.	This Agreement shall be governed by the laws of the Federal Republic of Germany.

	    	     

	6.	All disputes which may arise in connection with this Agreement or in relation to its validity, shall be finally decided in accordance with the arbitration rules of the German Arbitration Institute e.V. (DIS), under

	

10

	 	exclusion of recourse to the ordinary courts.
	    	     

	 	The place of arbitration is Cologne.
	    	     

	 	The arbitration panel shall consist of three arbitrators.
	    	     

	 	The language of the arbitration in proceedings is German.

	 
	
The Annexes 4.4 and C 4.5.1, to which reference is made and as to which the parties waived their right
to have them read aloud, are presented for the acknowledgement of the appeared. Each page of these
Annexes was signed by the appeared.

This Notarial Deed and its Annexes have been read aloud in the presence of the notary public, have
been approved by the parties and have been signed by the parties and the notary public mano propria:

	

11

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