Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - ITonis, Inc. - Exhibit 10.5

EXHIBIT 10.5 

EMPLOYMENT AGREEMENT 

          This
EMPLOYMENT AGREEMENT (this “Agreement”) dated as of January 2, 2008 (the
“Effective Date”), is made and entered into by and between ITonis, Inc.,
a Nevada corporation (the “Company”), and Lawrence Haber
(“Executive”). 

RECITALS

	A. 	
      The Company desires to employ Executive as its Senior
      Vice President and General Counsel.

	 	 
	B. 	
      The Company and Executive desire to set forth in writing
      the terms and conditions of their agreement and understandings with
      respect to the employment of Executive.

AGREEMENT 

          NOW,
THEREFORE, in consideration of the mutual promises and agreements herein
contained and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows: 

1.      Employment.

          (a)      Position
and Duties of Executive. Executive shall serve as Senior Vice President and
General Counsel of the Company, and any and all subsidiaries and controlled
affiliates of the Company (collectively, the “Subsidiaries”), and will
faithfully and prudently perform such duties and responsibilities as the
Company’s Chief Executive Officer may from time to time reasonably determine and
assign to him and which are customarily performed by persons in Executive’s
position. A more detailed description of Executive’s job responsibilities is
attached as Exhibit “A” and made a part hereof. As the Senior Vice President and
General Counsel, Executive will report directly to the Chief Executive Officer.
Executive will conduct himself in a manner consistent with his position as the
Senior Vice President and General Counsel of a similar company. Executive shall
also comply with any reasonable written policies, practices and procedures of
the Company disclosed in writing to Executive to the extent not inconsistent
with the terms hereof.

          (b)     
Performance. During the Employment Period (as defined in Section
2), Executive shall devote, on an as- needed basis, all necessary time,
energy, knowledge, skill and reasonable best efforts to the business of the
Company. Executive shall be expressly permitted to continue his law practice and
limited involvement with outside business ventures which do not conflict with
the business of the Company. None of the foregoing opportunities may materially
interfere with Executive’s obligations to the Company pursuant to this
Agreement. 

          (c)      Travel.
Executive shall be based in Cocoa Beach, Florida. Executive understands that his
duties require travel as business needs dictate, except that he shall not be
required to relocate his residence outside of Cocoa Beach, Florida. 

2.      Term.
The period of employment of Executive by the Company hereunder shall
commence on January 2nd, 2008, and shall continue in effect through
the third anniversary of the Effective Date, unless further extended as provided
in this Section 2 or sooner terminated as provided in Section 4.
On the third anniversary of the Effective Date, the contract term of Executive’s
employment may be 

extended by the mutual written agreement of Company and
Executive (the initial term, as it may be so extended, the “Employment
Period”), although neither party shall have any obligation to enter into any
such extension. 

3.      Compensation.
In full consideration of the services rendered and rights granted by
the Executive hereunder, Executive shall be paid the following consideration:

          (a)      Salary.
The Company shall pay Executive a base salary in the amount of Two Hundred
Thousand Dollars ($200,000) per year, less applicable payroll deductions and tax
withholdings (“Base Salary”). The Company shall pay the Base Salary in
accordance with the then-current payroll policies of the Company (which shall be
no less frequently than once per month). The payment of Base Salary shall be
made only during the Employment Period, except as otherwise set forth in
Section 6 herein. 

          (b)     
Equity Incentive Award. Executive shall receive Ten Million (10,000,000)
common shares in the Company as a combination of option grants and share grants,
pursuant to separate stock and option grant agreements to be executed within
thirty (30) days of the Effective Date. 

          (c)     
Reimbursement of Expenses. The Company shall adopt a written expense
reimbursement policy from time to time, but no later than thirty (30) days prior
to the beginning of a fiscal period which will identify acceptable categories
and types of reimbursable expenses and the manner in which Executive shall
memorialize, evidence and submit such expenses in order to achieve reimbursement
by the Company. The Company will pay or reimburse Executive, upon submission of
proof, for all reasonable business expenses incurred by Executive during the
Employment Period in compliance with this policy. 

          (d)     
Vacations. During each calendar year of this Agreement, Executive shall
be entitled to two weeks of vacation, not including Company or public holidays,
as determined by the Company, during which time his compensation hereunder shall
be paid in full, as well as additional vacation time as may be specifically
approved in writing by the Company. Such vacation shall be taken at times
consistent with the effective discharge of Executive’s duties and the reasonable
business needs of the Company, and in accordance with any written Company policy
then in effect. Unless specifically stated to the contrary in writing by the
Company, unused vacations in any year shall be treated consistently with the
policies, rules and regulations adopted by the Company applicable to executives
of the Company, subject to applicable law.

          (e)     
Other Benefits. Executive is entitled to participate during the
Employment Period in any group health insurance plan, option or similar
incentive compensation plan, 401(k) plan, group life plan, automobile allowance
program, relocation programs, and any other benefit program or policy that is
made available, from time to time, to executives of the Company, subject to the
terms of the plan documents, as such plans may be modified, amended, terminated,
or replaced from time to time.

4.      Termination.
This Agreement and Executive’s employment hereunder (and the Employment Period)
may be terminated as follows: 

          (a)      Death.
This Agreement and Executive’s employment hereunder (and the Employment Period)
shall automatically terminate upon his death. 

          (b)      Disability.
The Company may terminate this Agreement and Executive’s employment hereunder
and the Employment Period (in accordance with the termination procedures set
forth in Section 5) upon determination of Disability of Executive. For
purposes of this Agreement, “Disability” shall mean a physical or mental
impairment that renders Executive unable to perform the essential 

functions of his position for a consecutive ninety (90)-day
period, even with reasonable accommodation that does not impose an undue
hardship on the Company. The Company shall make the determination of Disability,
reasonably and in good faith, based on information supplied by Executive and/or
his medical personnel, or neutral medical personnel as selected by the
Company.

          (c)      With
Cause by the Company. The Company may terminate this Agreement and
Executive’s employment hereunder and the Employment Period (in accordance with
the termination procedures set forth in Section 5) for Cause. For
purposes of this Agreement, the Company shall have “Cause” to terminate
Executive’s employment arrangement hereunder only upon: (i) Executive’s material
failure to perform his material duties or his material breach of the material
terms of this Agreement which failure or breach is not remedied by Executive
within thirty (30) days after receipt of written notice from the Company
specifically delineating each claimed failure or breach and setting forth the
Company’s intention to terminate Executive’s employment if the failure or breach
is not duly remedied; (ii) Executive’s conviction of, or entry by Executive of a
guilty or no contest plea to, a felony involving moral turpitude; or (iii)
Executive’s voluntary termination without Good Reason.

          (d)      Without
Cause by the Company. The Company may terminate this Agreement and
Executive’s employment hereunder and the Employment Period at any time after the
first year from the Effective Date (subject to the termination procedures set
forth in Section 5) without Cause.

          (e)     
By Executive. Executive may terminate this Agreement and Executive’s
employment and the Employment Period at any time (subject to the termination
procedures set forth in Section 5) for Good Reason. 

5.      Termination
Procedure. 

          (a)     
Notice of Termination. Any termination of Executive’s employment by the
Company or by Executive (other than termination pursuant to Section 4(a)
hereof) shall be communicated by written Notice of Termination to the other
party hereto in accordance with Section 13, except as otherwise set forth
herein. Except where otherwise clarified in this Agreement, a “Notice of
Termination” shall mean a notice indicating the specific termination
provision in this Agreement relied upon as the basis for such termination.

          (b)     
Date of Termination. “Date of Termination” shall mean (i) if
Executive’s employment is terminated by his death, the date of his death, (ii)
if Executive’s employment is terminated for Disability pursuant to Section
4(b), thirty (30) days after the date of delivery of Notice of Termination,
(iii) if Executive’s employment is terminated for Cause pursuant to Section
4(c), the date specified in the Notice of Termination (which shall not be
earlier than the date of the Notice of Termination and which shall be subject to
the cure provisions provided in Section 4(c)), (iv) if Executive’s
employment is terminated for Good Reason, the date (subject to Section 6(d)
below) specified in the Notice of Termination (which shall not be earlier than
the date of the Notice of Termination and which shall be subject to the cure
provisions provided in the definition of “Good Reason” below), and (v) if
Executive’s employment is terminated for any other reason, the date on which a
Notice of Termination is given or any later date set forth in such Notice of
Termination. After delivery of a Notice of Termination and the passage of any
applicable cure periods, the Company may require that Executive cease
representing the Company, cease taking any action on behalf of the Company and
cease being present at any Company location. 

6.      Obligations
Upon Termination. 

          (a)      The
Company’s Obligations to Executive upon Termination for Cause. In the event
the Company terminates Executive’s employment for Cause, death or Disability or
the Employment Period 

expires and is not renewed, the Company shall have no further
liability or obligation to Executive under this Agreement, except for (i) any
unpaid or accrued Base Salary through the Date of Termination; (ii) any bonus
payments then unpaid or accrued; (iii) any un-reimbursed expenses properly
incurred prior to the Date of Termination and subject to the Company’s
reimbursement policies; (iv) any accrued but unpaid vacation; (v) other unpaid
amounts then due Executive under Company benefit plans or programs (except that
in the event of death, those payments will be made to Executive’s estate or
legal representative, and Executive’s death benefits payable due to Executive’s
death under Company employee benefit plans or programs will also be paid); and
(vi) in the event of a termination for Cause under paragraph 4.(c)(iii),
compliance with the final paragraph of Exhibit B to the Award Agreement. 

          (b)     
The Company’s Obligations to Executive Upon Termination Without Cause.
Upon termination by the Company of the Executive’s employment without Cause, the
Company shall have no further liability or obligation to Executive under this
Agreement, except for (i) any unpaid or accrued Base Salary through the Date of
Termination; (ii) any bonus payments then unpaid or accrued; (iii) any
unreimbursed expenses properly incurred prior to the Date of Termination; (iv)
any accrued but unpaid vacation; and (v) ninety (90) days Base Salary. Sums due
under paragraphs (i), (ii), (iii) and (iv) shall be payable within five business
days after the effectiveness of such termination. Upon receipt of all of the
foregoing sums, Executive shall execute and return a release of claims in a form
reasonably satisfactory to the Company with post-term non-solicitation
covenants.

          (c)     
Voluntary Termination by Executive for Good Reason. In the event that
Executive terminates his employment for Good Reason, the Company shall have no
further liability or obligation to Executive under this Agreement or in
connection with his employment hereunder, except for making the same payments
and reimbursements contemplated by Section 6(b) hereof.

          “Good
Reason” means an occurrence without Executive’s written consent of any of
the following events (each, a “Good Reason Event”): (i) a reduction in
Base Salary; (ii) requiring Executive to report to anyone other than the
Company’s Chief Executive Officer; (iii) requiring Executive to relocate his
residence from the Cocoa Beach, Florida area; (iv) a change in title to one that
conveys less responsibility and/or lower status; (v) a material diminution in
duties, responsibilities or authority; (vi) the failure of the Company to pay
when due any compensation earned under this Agreement after Executive has
provided the Company written notice and the Company has had thirty (30) days
from the notice to cure; or (vii) a material uncured breach hereunder, where, in
every particular instance of a Good Reason Event, upon the occurrence of any
such Good Reason Event, Executive first delivers a written notice concerning the
Good Reason Event to the Company which specifically identifies the Good Reason
Event, and the Company continues to fail to correct such Good Reason Event
within thirty (30) days after such written demand is delivered by Executive.

7.      Severability.
Should a court determine that any paragraph or sentence, or any portion
of a paragraph or sentence of this Agreement, is invalid, unenforceable, or
void, this determination shall not have the effect of invalidating or validating
the remainder of the paragraph, sentence or any other provision of this
Agreement. Further, the court should construe this Agreement by limiting and
reducing it only to the extent necessary to be enforceable under then applicable
law.

8.      Breach
of Agreement. The prevailing party in any legal proceeding based
upon this Agreement shall be entitled to reasonable outside attorney’s fees and
court costs, in addition to any other recoveries allowed by law.

9.     
Successors. This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective heirs, successors and
permitted assigns. The Company may assign this Agreement to any individual,
business, firm, company, partnership, joint venture, organization or other
entity who or which may acquire substantially all of the Company’s assets or
business or with or into which the Company may be liquidated, consolidated,
merged or otherwise combined. The Agreement is personal to Executive and may not
be assigned or delegated by him, and any such purported assignment or delegation
shall be null and void. Any successor or assign of the Company shall be required
to agree to assume the responsibilities of the Company hereunder in writing. In
no event shall any assignment, merger or other transaction resulting in a
successor or assign of the Company hereunder constitute a novation as to the
Company’s obligations. 

Notwithstanding anything to the contrary contained herein,
Executive’s prior written consent shall be required with respect to any
assignment which does or could reasonably be anticipated to materially increase
the liability or obligations of Executive hereunder.

10.     
No Waiver. The failure of either party to insist in any one or
more instances upon performance of any terms or conditions of this Agreement
shall not be construed as a waiver of future performance of any such term,
covenant or condition but the obligations of either party with respect thereto
shall continue in full force and effect. 

11.     
Notices. Any notice given hereunder shall be in writing and be
delivered or mailed by Registered or Certified Mail, Return Receipt Requested:

	 	(a) 	to the Company: 	Itonis, Inc. 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	  	to Executive: 	Lawrence Haber 	 
	 	  	  	6131 Messina Lane, Suite 305 	 
	 	  	  	Cocoa Beach, Florida 32931 	 

Any party may, by notice given as provided for above, designate
a different address. Any notice given hereunder shall be effective on the date
of receipt. 

12.      Entire
Agreement. There are no oral representations, understanding or
agreements with the Company or any of its officers, directors or representatives
covering the same subject matter as this Agreement. This Agreement supersedes
all previous employment agreements between Executive and the Company and
contains the final, complete and exclusive understanding and agreement between
the parties with respect to the subject matter hereof and cannot be amended,
modified or supplemented in any respect except by subsequent written agreement
entered into by both parties. 

13.      Counterparts.
This Agreement may be executed in one or more counterparts, each of
which will be deemed to be an original copy of this Agreement, and all of which,
when taken together, shall be deemed to constitute one and the same Agreement.
The exchange of copies of this Agreement and of signature pages by facsimile
transmission shall constitute effective execution and delivery of this Agreement
as to the parties and may be used in lieu of the original Agreement for all
purposes. Signatures of the parties transmitted by facsimile shall be deemed to
be their original signatures for any purpose whatsoever. 

14.      Captions.
The captions herein are for the convenience of reference of the parties and are
not to be construed as part of the terms of this Agreement. 

15.     
Applicable Law. Any dispute in the meaning, effect, or validity
of this Agreement shall be resolved in accordance with the laws of the State of
Nevada without regard to the conflict of laws provisions thereof. This Agreement
shall be governed by and construed under the laws of the State of Nevada. Venue
of any litigation arising from this Agreement shall be in a federal or state
court of competent jurisdiction in Clark County, Nevada.

          IN
WITNESS WHEREOF, the parties hereto have executed this Agreement the day and
year first above written. 

ITONIS, INC., 
a Nevada
corporation 

               
/s/ Thomas N. Roberts 
By: 
Name: Thomas N. Roberts 
Title: Chief
Executive Officer 

 

/s/ Lawrence Haber 

LAWRENCE HABER

EXHIBIT A 

Job Description 

Senior Vice President and General Counsel

Occupational Summary 

Exercise management responsibility over
Company’s legal affairs matters; advise Company on the legality of contemplated
actions.

Work Performed 

Confer with Company executives on
matters involving legal interpretation and decisions related to Company
activities, policy questions and operating problems.

Negotiate and draft all contracts
relating to Company’s business matters. 

Direct and participate in the research
of international, federal and state legislation and administrative and court
decisions; investigate legal problems and make recommendations.

Receive and investigate inquiries from
executives, employees and outside parties relating to Company matters,
including, but not limited to, matters relating to tax law, labor law,
insurance, risk management, patents and copyrights, delinquent fees, contracts
and Company policies.

Coordinate activities and actions with
outside securities counsel retained to represent the Company, including the
preparation of SEC filings.

Provide recommendations regarding
applicable legal matters. Recommend operational changes necessitated by
legislative mandates; develop alternative policies and procedures to enable the
Company to accomplish its objectives.

Coordinate, through accountable
management personnel, the establishment of major schedules, task assignments and
allocation of staff and equipment to aid and foster Company legal
activities.

Perform other related duties incidental
to the work described herein.Filed by Automated Filing Services Inc. (604) 609-0244 - Lightscape Technologies Inc. - Exhibit 10.1

NONE OF THE SECURITIES TO WHICH THIS TRANSFER AGREEMENT (THE
“AGREEMENT”) RELATES HAVE BEEN REGISTERED UNDER THE UNITED STATES 1933 ACT OF
1933, AS AMENDED (THE “1933 ACT”), OR ANY U.S. STATE SECURITIES LAWS, AND,
UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN
THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE
WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS.

TRANSFER AGREEMENT

BETWEEN:

Glory Hill Holdings Limited, a BVI
company, whose
registered address is Sea Meadow House,
Blackburne
Highway, Road Town, Tortola, British Virgin Islands

(the “Vendor”)

AND:

Eastern Advisor Fund, LP, a Delaware
limited partnership,
whose registered address is 15 East North Street,
Dover,
Delaware 19901

(the “Purchaser”)

WHEREAS:

A. The Vendor is the beneficial owner of 2,730,685 common
shares in the capital of Lightscape Technologies Inc., a company incorporated
under the laws of the State of Nevada (the “Company”), which common shares are
registered in the name of the Vendor or in holding companies in which the Vendor
is the sole director and beneficial owner;

B. The Vendor proposes to sell to the Purchaser 2,343,685 of
the Company’s common shares (the “Shares”) on the terms set forth herein; 

C. The terms and conditions of this agreement are agreed by the
parties hereto to be effective as of September 28, 2007;

- 2 -

D. On September 28, 2007 (“Trade Date”), the Purchaser recorded
the purchase of the Shares into its books and records and initiated a wire
transfer in the amount of US$1,640,579.50 for the account of the Vendor (“Wire
Transfer”), which Wire Transfer was confirmed as having been received on October
4, 2007; 

E. The parties wish to formalize and clarify in writing that
the execution of the trade whereby the Purchaser agreed to purchase the Shares
from the Vendor and the Vendor agreed to sell the Shares to the Purchaser at an
agreed purchase price (the “Trade”) occurred as of the Trade Date, and that the
closing of this Agreement will complete the settlement and closing of the trade
and the legal transfer of the Shares from the Vendor to the Purchaser (the
“Settlement” and/or the “Closing”); and

F. The parties hereto desire to make certain representations,
warranties and agreements in connection with the proposed purchase and sale of
the Shares and to set forth various conditions to the transactions contemplated
hereby.

THEREFORE, in consideration of the mutual covenants and
agreements herein contained and other good and valuable consideration (the
receipt and sufficiency of which are hereby acknowledged by each of the
parties), the parties covenant and agree as follows:

1. Purchase and Sale

1.1 On the basis of the representations and warranties of the
parties to this Agreement and subject to the terms and conditions of this
Agreement, the Purchaser agrees to purchase from the Vendor, and the Vendor
agrees to sell to the Purchaser, the Shares free and clear of all liens, charges
and encumbrances of any kind whatsoever.

1.2 The Purchaser agrees to pay a purchase price of $0.70 per
Share for 2,343,685 shares of the Company’s common stock.

1.3 The Closing of the purchase and sale of the Shares shall
occur on the date that this Agreement is executed.

2. Conditions to Closing and Deliveries by the
Parties

2.1 The Purchaser’s obligation to purchase the Shares and to
take the other actions required to be taken by the Purchaser at the Closing is
subject to the Purchaser having received written confirmation from the Company’s
registrar and transfer agent stating that such registrar and transfer agent has
received all documents necessary to register the transfer of all of the Shares
to the Purchaser and to reissue one or more stock certificates to the Purchaser
representing the Shares in the name of the Purchaser. This condition is for the
sole benefit of the Purchaser and may be waived by the Purchaser, in whole or in
part.

2.2 At the Closing, the Vendor will deliver or cause to be
delivered to the Purchaser certificates representing the Shares registered in
the Purchaser’s name and transferring to the Purchaser good title to the Shares,
free and clear of all liens, charges and encumbrances of any kind
whatsoever.

- 3 -

2.3 At the Closing, the Purchaser will deliver to Vendor the
Purchase Price.

3. Acknowledgements

3.1 The Purchaser acknowledges and agrees that the Vendor is an
“affiliate” (as defined in Rule 144 promulgated under the 1933 Act) of the
Company and as a result the Shares will be subject to a holding period (as
contemplated under Rule 144 promulgated under the 1933 Act) which commences on
the date of the completion of the transactions contemplated by this Agreement
and will not be permitted to tack on to the period that the Vendor held the
Shares.

4. Representations and Warranties

4.1 The Vendor represents and warrants to the Purchaser (which
representations and warranties shall survive the closing of the transactions
contemplated in this Agreement), with the intent that the Purchaser will rely
thereon in entering into this Agreement and in concluding the purchase and sale
of the Shares as contemplated herein, that:

	 	(a) 	
      the Vendor is the beneficial owner of the Shares free and
      clear of all liens, charges and encumbrances of any kind
  whatsoever;

	 	 	 	 
	 	(b) 	
      there are no written instruments, buy-sell agreements,
      registration rights or agreements, voting agreements or other agreements
      by and between or among the Vendor or any other person, imposing any
      restrictions upon the transfer, prohibiting the transfer of or otherwise
      pertaining to the Shares or the ownership thereof;

	 	 	 	 
	 	(c) 	
      no person, firm, corporation or entity of any kind has or
      will have any agreement or option or any right capable at any time of
      becoming an agreement to:

	 	 	 	 
	 		(i) 	
      purchase or otherwise acquire the Shares; or

	 	 	 	 
	 		(ii) 	
      require the Vendor to sell, transfer, assign, pledge,
      charge, mortgage or in any other way dispose of or encumber any of the
      Shares other than under this Agreement;

	 	 	 	 
	 	(d) 	
      the Vendor has the power and capacity and good and
      sufficient right and authority to enter into this Agreement on the terms
      and conditions set forth in this Agreement and to transfer the legal and
      beneficial title and ownership of the Shares to the Purchaser;

	 	 	 	 
	 	(e) 	
      this Agreement and all other documents required to be
      executed and delivered by the Vendor have been duly, or will when executed
      and delivered be duly, executed and delivered by the Vendor, and
      constitute the legal, valid and binding obligations of the Vendor,
      enforceable against the Vendor in accordance with their terms, subject to
      laws of general application relating to bankruptcy, insolvency, the relief
      of debtors, specific performance, injunctive relief and other equitable
      remedies;

- 4 -

	 	(f) 	
      the entering into of this Agreement and the transactions
      contemplated hereby do not result in the violation of any of the terms and
      provisions of any law applicable to, or the governing documents of, the
      Vendor or of any agreement, written or oral, to which the Vendor may be a
      party or by which the Vendor is or may be bound;

	 	 	 
	 	(g) 	
      the Vendor has complied and will comply with all
      applicable Federal and state securities laws in connection with the
      transfer and sale of the Shares and the hereunder. Neither the Vendor nor
      anyone acting on its behalf, directly or indirectly, has or will sell,
      offer to sell or solicit offers to buy any of the Shares or similar
      securities to, or solicit offers with respect thereto from, or enter into
      any preliminary conversations or negotiations relating thereto with, any
      person, or has taken or will take any action, so as to bring the transfer
      and sale of any of the Shares under the registration provisions of the
      1933 Act and applicable state securities laws, and neither the Vendor nor
      any of its affiliates, nor any person acting on its or their behalf, has
      engaged in any form of general solicitation or general advertising (within
      the meaning of Regulation D under the 1933 Act) in connection with the
      transfer or sale of any of the Shares;

	 	 	 
	 	(h) 	
      the Vendor acquired the Shares in a transaction exempt
      from the registration requirements of the 1933 Act either (i) pursuant to
      Section 4(1) of the 1933 Act, or (ii) pursuant to Section 4(2) of the 1933
      Act in the event that the Vendor is deemed an underwriter, or (iii)
      pursuant to Regulation S promulgated under the 1933 Act (in which event
      the Shares were acquired in an “off-shore transaction,” as defined in Rule
      902(h) of Regulation S);

	 	 	 
	 	(i) 	
      the Vendor is not an “underwriter” (as such term is
      defined in Section 2(11) of the 1933 Act) of any securities of the
      Company; and

	 	 	 
	 	(j) 	
      no brokers, finders or financial advisory fees or
      commissions will be payable by the Vendor and/or any of its affiliates
      with respect to the transactions contemplated by this
  Agreement.

4.2 The Purchaser represents and warrants to the Vendor (which
representations and warranties shall survive the closing of the transactions
contemplated in this Agreement), with the intent that the Vendor will rely
thereon in entering into this Agreement and in concluding the purchase and sale
of the Shares as contemplated herein, that:

	 	(a) 	
      the Purchaser has the power and capacity and good and
      sufficient right and authority to enter into this Agreement on the terms
      and conditions set forth in this Agreement;

	 	 	 
	 	(b) 	
      this Agreement and all other documents required to be
      executed and delivered by the Purchaser have been duly, or will when
      executed and delivered be duly, executed and delivered by the Purchaser,
      and constitute the legal, valid and binding obligations of the Purchaser,
      enforceable against the Purchaser in accordance with their terms, subject
      to laws of general application relating to

- 5 -

	 		
      bankruptcy, insolvency, the relief of debtors, specific
      performance, injunctive relief and other equitable remedies;

	 	 	 
	 	(c) 	
      the entering into of this Agreement and the transactions
      contemplated hereby do not result in the violation of any of the terms and
      provisions of any law applicable to, or the governing documents of, the
      Purchaser or of any agreement, written or oral, to which the Purchaser may
      be a party or by which the Purchaser is or may be bound;

	 	 	 
	 	(d) 	
      no brokers, finders or financial advisory fees or
      commissions will be payable by the Purchaser and/or any of its affiliates
      with respect to the transactions contemplated by this Agreement;

	 	 	 
	 	(e) 	
      the Purchaser understands that the Shares are being
      offered and sold in reliance on a transactional exemption from the
      registration requirement of Federal and state securities laws and the
      Vendor is relying upon the truth and accuracy of the representations,
      warranties, agreements, acknowledgments and understandings of such
      Purchaser set forth herein in order to determine the applicability of such
      exemptions and the suitability of such Purchaser to acquire the
    Shares;

	 	 	 
	 	(f) 	
      the Purchaser understands that the Shares must be held
      indefinitely unless such Shares are registered under the 1933 Act or an
      exemption from registration is available. The Purchaser acknowledges that
      it is familiar with Rule 144 of the rules and regulations of the
      Securities and Exchange Commission, as amended, promulgated pursuant to
      the 1933 Act (“Rule 144”), and that it has been advised that Rule 144
      permits resales only under certain circumstances. The Purchaser
      understands that to the extent that Rule 144 is not available, the
      Purchaser will be unable to sell any Shares without either registration
      under the 1933 Act or the existence of another exemption from such
      registration requirement;

	 	 	 
	 	(g) 	
      it has access to all of the books and records of the
      Company and accordingly agrees that it is familiar with and has access to
      information regarding the Company similar to information that would be
      available in a registration statement filed by the Company under the 1933
      Act;

	 	 	 
	 	(h) 	
      the Purchaser is an “accredited investor” as defined in
      Regulation D promulgated under the 1933 Act;

	 	 	 
	 	(i) 	
      the Purchaser acknowledges that such Purchaser has had
      the opportunity to ask questions of and receive answers from, or obtain
      additional information from, the executive officers of the Company
      concerning the financial and other affairs of the Company, and to the
      extent deemed necessary in light of such Purchaser’s personal knowledge of
      the Company’s affairs, such Purchaser has asked such questions and
      received answers to the full satisfaction of such Purchaser, and such
      Purchaser desires to invest in the Company;

	 	 	 
	 	(j) 	
      it is acquiring the Shares as principal for its own
      account, for investment purposes only, and not with a view to, or for,
      resale, distribution or fractionalization

- 6 -

	 		
      thereof, in whole or in part, and no other person has a
      direct or indirect beneficial interest in such Shares;

	 	 	 
	 	(k) 	
      it (i) has adequate net worth and means of providing for
      its current financial needs and possible personal contingencies, (ii) has
      no need for liquidity in this investment, and (iii) is able to bear the
      economic risks of an investment in the Shares for an indefinite period of
      time;

	 	 	 
	 	(l) 	
      the Purchaser is not an “underwriter” (as such term is
      defined in Section 2(11) of the 1993 Act) of any securities of the
      Company; and

	 	 	 
	 	(m) 	
      the Purchaser is not acquiring the Shares as a result of
      any form of general solicitation or general advertising including
      advertisements, articles, notices or other communications published in any
      newspaper, magazine or similar media or broadcast over radio, or
      television, or any seminar or meeting whose attendees have been invited by
      general solicitation or general advertising.

5. Legending and Registration of Subject
Shares

5.1 The Purchaser hereby acknowledges that a legend may be
placed on the certificates representing the Shares to the effect that the Shares
represented by such certificates are subject to a holding period and may not be
sold until the expiry of such holding period except as permitted by applicable
securities legislation.

5.2 The Purchaser hereby acknowledges and agrees to the Company
making a notation on its records or giving instructions to the registrar and
transfer agent of the Company in order to implement the restrictions on transfer
set forth and described in this Agreement.

5.3 The Purchaser may submit instructions to the Company and
the Company’s registrar and transfer agent to remove any legend placed on the
certificates representing the Shares upon the expiry of the relevant holding
period required by applicable securities legislation. Upon receipt of such
instructions, the Company will facilitate the removal of any such legend and the
Company’s registrar and transfer agent will deliver certificates representing
the Shares free of any such legend. 

6. Termination

6.1 This Agreement may be terminated at any time prior to the
Closing (a) by the mutual consent of the Purchaser and the Vendor, or (b) by any
party hereto if the Closing has not occurred on or before the 15th
day of February, 2008.

6.2 In the event of the termination of this Agreement, this
Agreement shall terminate and the parties shall have no liabilities or
obligations to each other hereunder; provided that nothing contained herein
shall relieve any party of liability for fraud or willful breach of this
Agreement.

- 7 -

7. Further Assurances

7.1 The parties to this Agreement hereby agree to execute and
deliver all such further documents and instruments and do all acts and things as
may be necessary or convenient to carry out the full intent and meaning of and
to effect the transactions contemplated by this Agreement.

8. Governing Law

8.1 This Agreement shall be governed by and construed and
interpreted solely in accordance with the laws of the State of New York without
regard to New York’s conflict of laws principles. The parties hereto irrevocably
consent to and choose the Federal and state courts located in New York County as
having sole and exclusive personal jurisdiction over the parties with regard to
any dispute that is related in any way to this agreement. The parties hereto
irrevocably consent to and choose the Federal and state courts located in New
York County as the sole and exclusive forum for any dispute related in any way
to this agreement and the parties irrevocably waive any and all objections to
this forum on the grounds that it is inconvenient or improper. The parties
hereto acknowledge and agree that New York has extensive contacts with any
transaction related to this agreement and this agreement was made and entered
into in the State of New York.

9. Survival

9.1 This Agreement, including without limitation the
representations and warranties contained herein, shall survive and continue in
full force and effect and be binding upon the parties hereto notwithstanding the
completion of the purchase of the Shares as contemplated herein.

10. Assignment

10.1 This Agreement is not transferable or assignable to any
person without the prior written consent of the other party hereto and any
attempt to do so will be void, except for assignments by operation of law.

11. Electronic Means

11.1 Delivery of an executed copy of this Agreement by
electronic facsimile transmission or other means of electronic communication
capable of producing a printed copy will be deemed to be execution and delivery
of this Agreement as of the date set forth on page one of this Agreement.

12. Severability

12.1 The invalidity or unenforceability of any particular
provision of this Agreement shall not affect or limit the validity or
enforceability of the remaining provisions of this Agreement.

- 8 -

13. Entire Agreement

13.1 Except as expressly provided in this Agreement and in the
agreements, instruments and other documents contemplated or provided for herein,
this Agreement contains the entire agreement between the parties with respect to
the sale of the Shares and there are no other terms, conditions, representations
or warranties, whether expressed, implied, oral or written, by statute or common
law.

14. Notices

14.1 Any notice required or permitted to be given under this
Agreement will be validly given if in writing and delivered, sent by electronic
facsimile transmission or other means of electronic communication capable of
producing a printed copy or sent by prepaid registered mail, addressed to the
applicable party at its address indicated on the first page of this Agreement or
to such other address as any party may specify by notice in writing to the
other. Any notice delivered on a business day will be deemed conclusively to
have been effectively given on the date notice was delivered and any notice
given by electronic communication will be deemed conclusively to have been given
on the date of such transmission. Any notice sent by prepaid registered mail
will be deemed conclusively to have been effectively given on the third business
day after posting, but if at the time of posting or between the time of posting
and the fifth business day thereafter there is a strike, lockout or other labour
disturbance affecting postal service, then the notice will not be effectively
given until actually delivered.

15. Counterparts

15.1 This Agreement may be executed in any number of
counterparts, each of which, when so executed and delivered, shall constitute an
original and all of which together shall constitute one instrument.

16. Currency

16.1 Unless otherwise provided, all dollar amounts referred to
in this Agreement are in lawful money of the United States.

[SIGNATURE APPEARS ON FOLLOWING PAGE]

- 9 -

IN WITNESS WHEREOF the parties hereto have duly executed
this Agreement as of the 11th day of February,
2008.

GLORY HILL HOLDINGS LIMITED

By: /s/ Bondy Tan 
Authorized Signatory 
Name:
Bondy Tan 
Title: Director 

EASTERN ADVISOR FUND, LP

By: /s/ Jerry Koljenovic 
Authorized Signatory

Name: Jerry Koljenovic 
Title: Chief Financial Officer

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