Document:

EXHIBIT 4.9

                                    AGREEMENT

                                   PURCHASE OF

                NOM. DKK 100.000 SHARES IN AGH NORDAN INVEST A/S

Between                           EuroTrust A/S
                              Poppelgaardvej 11-13
                                   2860 Soborg
                               CVR-nr. 10 29 81 48

                                    as buyer
                                  (The "Buyer")

and

                            Soren Hager Holding 2 ApS
                              Dalgas Plads 6, 2. th

                                  7400 Herning
                                     CVR-nr.

                                    as seller

                                 (the "Seller")
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                                                                               2

1.      DEFINITIONS

        As used in this  Agreement the following  terms shall have the following
        meanings  (such  meanings to be equally  applicable  to the singular and
        plural forms of such terms):

        "Agreement"                     Shall mean this share purchase agreement
                                        and all exhibits  attached hereto,  each
                                        of which constitutes an integral part of
                                        this Agreement.

        "Assets"                        Shall  have  the   meaning  set  out  in
                                        Section 4.1.6 below.

        "Buyer"                         Shall  have the  meaning  set out in the
                                        introductory paragraph hereof.

        "Company"                       Shall  mean  AGH  Nordan   Invest   A/S,
                                        registration number 28 71 19 48.

        "Closing Date"                  Shall  mean the later of (i) may 1, 2006
                                        or (ii) the day on which the last of the
                                        conditions  set forth in Section 8 shall
                                        have been satisfied.

        "Confidential Information"      Shall  mean this  Agreement  and any and
                                        all  information  of any kind or  nature
                                        whatsoever,  whether  written  or  oral,
                                        including, without limitation, financial
                                        information, trade secrets, client lists
                                        and    other    proprietary     business
                                        information,  regarding the Company, the
                                        Subsidiaries   or   the   Buyer,   which
                                        information  is not known to the general
                                        public or to persons  unaffiliated  with
                                        the  Company,  the  Subsidiaries  or the
                                        Buyer, as the case may be.

        "Intellectual Property Rights"  Shall   mean   trademarks,    registered
                                        designs,   trade  and  business   names,
                                        rights under licenses,  and applications
                                        for any of these as used by the  Company
                                        and the Subsidiaries.
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                                                                               3

        "Material Adverse Effect"       Shall mean any effect  which  gives rise
                                        to or is reasonably  likely to give rise
                                        to a  material  adverse  effect  on  the
                                        assets or  financial  conditions  of the
                                        Company or the Subsidiaries.

        "Material Contracts"            Shall  mean  existing  contracts  of the
                                        Company  or the  Subsidiaries  having an
                                        annual  turnover or value  excluding VAT
                                        exceeding 50,000 Euro.

        "Parties"                       Shall mean the Seller and the Buyer when
                                        referred to jointly in this Agreement.

        "Party"                         Shall mean the Seller or the Buyer.

        "Seller"                        Shall  have the  meaning  set out in the
                                        introductory paragraph hereof.

        "Seller's Knowledge"            Shall mean the actual  knowledge  of the
                                        Key Employees of Seller.

        "Shares"                        Shall mean the 100,000  ordinary  shares
                                        nominal  value DKK 1 per share  equal to
                                        20% of the total  shares in the Company,
                                        to be sold by the  Seller  to the  Buyer
                                        pursuant to this Agreement.

        "Subsidiaries"                  Shall mean all the  companies  mentioned
                                        in exhibit 1.

        "Taxes"                         Shall mean all income  tax,  value added
                                        tax  and  any  other  taxes  by any  tax
                                        authority  including  all  penalties and
                                        interest.

        "Third Party Claim"             Shall  mean any  claim by a third  party
                                        (including  tax and  other  authorities)
                                        against the Company.

        "Warranties"                    Shall  mean  the  warranties  set out in
                                        Section 4 below.
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                                                                               4

2.      TRANSFER OF SHARES

2.1     The Shares, including all dividend rights thereto, shall, on the Closing
        Date  subject  to  the   conditions  set  forth  in  this  Agreement  be
        transferred with effect as of the date of signature on this Agreement to
        the Buyer, free and clear from any security interest,  mortgage, charge,
        pledge, lien, option, or encumbrance of any kind.

3.      PURCHASE AND SALE

3.1     Upon the terms and subject to the  conditions  set forth herein,  and in
        reliance   upon   the   representations,   warranties,   covenants   and
        undertakings made herein by each Party hereto to the other Party hereto,
        on the Closing  Date Seller  shall sell the Shares,  and the Buyer shall
        purchase  the  Shares  on the  terms  and  conditions  set  out in  this
        Agreement.

4.      REPRESENTATIONS AND WARRANTIES OF THE SELLERS

4.1     The Seller hereby makes the following  representations  and  warranties,
        each of which are made as of the date hereof.

4.1.1   EXISTENCE

        The Company and the Subsidiaries are duly organised and validly existing
        under the laws of the jurisdiction of their  incorporation and have full
        corporate  power to carry on their  business  as  conducted.  All of the
        Company's subsidiaries are as stated in EXHIBIT 1.

4.1.2   CORPORATE RECORDS AND DOCUMENTATION

        The  corporate   documentation  of  the  Company,   including,   without
        limitation, share registers, minutes of the board of directors' meetings
        and shareholders' meetings,  exists and is safely kept by the Company or
        its designated agents.

4.1.3   TITLE AND AUTHORITY TO TRANSFER THE SHARES; CAPITALISATION

        (a) The Seller  has full  ownership  to the  Shares and has full  power,
            capacity  and  authority  to sell and  transfer  such  Shares and to
            perform  all  other   undertakings  set  forth  in  this  Agreement,
            including,  but  not  limited  to,  the  approval  of the  Board  of
            Directors of the Company or any similar  organ of the  Company.  The
            Shares are fully transferable to the Buyer and are free and clear of
            all  restrictions  on the ability to vote on the Shares.  The
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                                                                               5

            Shares are not subject to claims,  options, liens, charges and other
            encumbrances   of  any  kind.  The  Shares   represent  20%  of  the
            outstanding equity capital of the Company.

        (b) The Shares have been duly authorised, legally and validly issued and
            fully paid in to the Company.

        (c) The  Seller  has the  full  corporate  power,  to  enter  into  this
            Agreement and to consummate the transactions contemplated hereby and
            thereby.  The execution of this Agreement,  the  consummation of the
            transactions  contemplated  herein and the  fulfilment  of the terms
            hereof,  will not  result  in a breach of any  judgement,  decree or
            order of any court or  governmental  body, any applicable law or the
            articles of association applicable to the Seller.

4.1.4   THE ACCOUNTS

        (a) The  Takeover  Accounts  have been  delivered to Buyer and Buyer has
            read, and is familiar with, such Takeover Accounts.

        (b) Any debt receivable  mentioned in the Takeover Accounts will be paid
            when due.

4.1.5   DIVIDENDS, ETC.

        The Company has not from the date of incorporation decided,  declared or
        paid any  dividends  or made any other  distributions  of its profits or
        assets to its  shareholders.  Neither the  Company nor the  Subsidiaries
        have received any conditional shareholders' contribution.

4.1.6   TITLE TO ASSETS AND PROPERTIES

        The Company or the  Subsidiaries  have title to all of the  personal and
        real  property and other  assets  recorded in EXHIBIT 1, except for such
        assets which are leased and assets sold, disposed of.

4.1.7   LEASEHOLD PROPERTIES

        The  Company or the  Subsidiaries  has not leased  real  property of any
        kind.

4.1.8   CONTRACTS

        (a) To the Seller's  Knowledge  all  contracts  are part of the ordinary
            course of business.
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                                                                               6

        (b) The Company or the Subsidiaries have not received or given notice of
            termination of any Material Contract.

        (c) No party to any Material  Contract has, to Seller's  Knowledge,  the
            right to  terminate  or modify  its  obligations  as a result of the
            transactions contemplated herein.

        (d) To  Seller's  Knowledge,  the  Company is not in  default  under any
            Material Contract, which default has a Material Adverse Effect.

4.1.9   INTELLECTUAL PROPERTY RIGHTS

        (a) All Intellectual Property Rights which are used in, or are necessary
            for,  the business of the Company,  whether  registered  or not, are
            owned by or  licensed to the  Company or the  Subsidiaries,  and the
            Intellectual  Property  will  not  be  affected  in  any  way by the
            transfer of ownership pursuant to this Agreement.

        (b) Ownership to all  Intellectual  Property  Rights  contributed to the
            Company or the  Subsidiaries  in connection  with their formation or
            included in the Takeover  Accounts have been transferred free of any
            charges or  encumbrances,  and no license payments or other payments
            are or may in the  future  become due to the  persons  or  companies
            contributing such Intellectual Property Rights.

        (c) The Company and the  Subsidiaries  have not, to Seller's  Knowledge,
            been given any notice of an  infringement  by any third party of any
            Intellectual Property owned by or licensed to the Company.

        (d) The  registrations of all registered  Intellectual  Property are, to
            Seller's  Knowledge,  in  force  and the  renewal  fees for all such
            registrations have been and will be paid.

        (e) There has not, to Sellers  Knowledge,  been presented to the Company
            or the Subsidiaries any Claim, whether for infringement,  damages or
            otherwise,   by  any  third  party  which  relates  to  the  use  of
            Intellectual   Property   or   know-how   by  the   Company  or  the
            Subsidiaries.

        (f) To Sellers  Knowledge,  the Company and the  Subsidiaries are not in
            breach  of  any   license  or  other   agreement   relating  to  the
            Intellectual Property or know-how.
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                                                                               7

4.1.10  LICENSES

        All material  licenses,  permits and  authorizations  necessary  for the
        Company and the Subsidiaries to carry on their business as conducted are
        in full force and effect,  and there are not currently existing material
        violations  of any such  licenses,  permits  and  authorisations  or any
        pending  action or other  proceeding  which seeks the  revocation of any
        such existing licenses,  permits or  authorisations.  True copies of any
        such material licenses, permits and authorizations have been provided to
        Buyer.

4.1.11  ENVIRONMENTAL MATTERS

        (a) The Company and the  Subsidiaries  comply in all  material  respects
            with all relevant  environmental laws and environmental licenses and
            all environmental  licenses are valid and subsisting and the Company
            and the  Subsidiaries  have not  received  any notice  that any such
            environmental license is being revoked, suspended,  amended, varied,
            withdrawn or not renewed.

        (b) No  proceedings  have been  issued or are  outstanding  against  the
            Company  or  the  Subsidiaries  in  respect  of  any  breach  of any
            legislation concerning the environment.

4.1.12  EMPLOYMENT AND PENSION AGREEMENTS

        (a) No  employee  has  announced  his or her  termination  of his or her
            position or employment with the Company or the Subsidiaries.

        (b) There are no  deferred  compensation  agreements,  pensions,  profit
            sharing,  severance pay or retirement plans in force with respect to
            any of the employees or former employees.

        (c) The Seller has not received  notice,  which notice remains  current,
            for any claim that it has not complied with any  employment,  labour
            or related laws.

        (d) There is no  pending  or  current  and,  to  Sellers  Knowledge,  no
            threatened (i) claims or labour litigation in respect of the Company
            or the  Subsidiaries;  and (ii) strike or any other material  labour
            dispute involving the employees.
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                                                                               8

4.1.13  POWERS OF ATTORNEY

        Only employees of the Company and the  Subsidiaries  having  appropriate
        position within the Company or the  Subsidiaries  are authorised to sign
        for the Company or the Subsidiaries and to operate bank accounts.

4.1.14  CLAIMS; LITIGATION

        The Company and the Subsidiaries has not been served with any summons or
        notice to arbitrate.  There is, to Sellers Knowledge, no action or other
        proceedings  pending or  threatened  by the Company or the  Subsidiaries
        against any other person or entity regarding any Material Contracts.

4.1.15  ORDINARY COURSE OF BUSINESS

        Up to the date of this agreement,  the Company or the Subsidiaries  have
        neither  taken nor shall take any action or measure which is outside the
        ordinary  course of  business  and which  will have a  Material  Adverse
        Effect,  unless  the  action  or  measure  is  directly  related  to the
        transactions contemplated herein.

4.2     TAX WARRANTIES

        (a) The Company and the  Subsidiaries  fulfil all requirements for a VAT
            registration  with  effect  as of the date of  incorporation  of the
            Company.

        (b) The  Company  and  the   Subsidiaries   have  duly  filed  with  the
            appropriate  tax  authorities all tax returns and reports in respect
            of any  and all  Taxes  required  to be duly  filed  with  such  tax
            authorities.  The  Company  and the  Subsidiaries  have  paid to the
            appropriate  tax  authorities  all Taxes required to be paid to them
            according  to filed tax returns or according to orders to pay issued
            by tax  authorities.  The  Company and the  Subsidiaries  are not in
            breach or in default in respect of any Taxes.

        (c) There are no tax audits currently pending against the Company or the
            Subsidiaries.

        (d) All  Taxes  required  to  have  been  paid  by the  Company  and the
            Subsidiaries  have  been  paid  in due  time.  The  Company  and the
            Subsidiaries  have not been  given  or has been  granted  by any tax
            authority  any  waiver or  extension  of any  period  of  limitation
            governing the time of assessment or collection of any Taxes.
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                                                                               9

5.      COVENANTS OF THE SELLER

5.1     NO CLAIMS

        The Seller confirms that no party may claim any fees or salaries against
        the Company or the Buyer in relation  to the  transactions  contemplated
        herein.

5.2     OPERATION OF THE BUSINESS OF THE COMPANY

        From and after the date hereof until the Closing Date,  the Seller shall
        cause the Company to:

        (a) operate its business only in the usual,  regular and ordinary manner
            and, to the extent  consistent with such operation,  to (i) preserve
            the present business  organization intact, (ii) use its best efforts
            to  keep  available  the  services  of  its  present   officers  and
            significant  employees,  and (iii) use its best  efforts to preserve
            the present business  relationships with customers,  suppliers,  and
            others having business dealings with the Company;

        (b) maintain its books,  records and accounts in the usual,  regular and
            ordinary manner on a basis consistent with prior periods;

        (c) perform all of its material obligations without material default;

        (d) neither (i) merge with or into,  consolidate  or  otherwise  combine
            with, or acquire all or substantially all of the stock or assets of,
            any other  entity;  nor (ii) sell,  lease or otherwise  transfer any
            significant  part of its assets other than in the ordinary course of
            business consistent with past practice;

        (e) neither  (i) change  the number of shares of capital  stock or other
            equity  securities issued and outstanding nor (ii) grant any option,
            warrant,  or other right to  purchase  or to convert any  obligation
            into shares of stock; and

        (f) neither declare,  pay or make any dividend or other  distribution or
            payment in respect of the outstanding shares of capital stock of the
            Company,  nor  purchase,  redeem or otherwise  acquire any shares of
            capital stock of the Company.

6.      PURCHASE PRICE

6.1     AMOUNT
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                                                                              10

        The total  purchase  price for the Shares is 1.060.000  ordinary  shares
        nominal value DKK 7.50 per share in EuroTrust A/S.

        Shares will be newly  issued  shares and buyer is  committed to register
        the Shares in Vaerdipapircentralen (VP) upon completion.

6.2     SETTLEMENT

        The purchase price shall be paid on the Closing Date.

7.      BREACH OF CONTRACT

        The Purchase  price of 1.060.000  shares in EuroTrust  A/S is based upon
        The Valuation Report, Exhibit 2.

        The Buyer has been  presented  with all  necessary  information  and can
        therefore  not claim any  compensation  regarding  the  purchase  price,
        unless  seller  deliberately  have withheld or  misrepresented  material
        information.  The Buyer and its  subsidiary,  Aktiv Gruppen  Holding A/S
        already owns 50% of The Company, and has full access to all informations
        regarding The Company.

        The  Seller  has had  access  to all  public  information  about  Buyer,
        especially all fillings made by Buyer with United States  Securities and
        Exchange Commission ("SEC").

8.      CONDITIONS

        The Purchase is conditioned to the following:

        1.  Buyer  shall  acquire  an  additional  300,000  shares in AGH Nordan
            Invest A/S and thereby 50% of AGH Nordan Invest A/S.

        2.  Approval of this transaction by a shareholders meeting of Buyer

        3.  Sellers shall receive approval of tax-free transfer of shares

        4.  Registration in  Vaerdipapircentralen  (VP) of shares of Buyer to be
            issued to Seller

If  conditions  are not met by July 31,  2006  each  party  can  terminate  this
agreement on 10 days prior written notice.
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                                                                              11

9.      FINAL CLOSING

        When the  conditions in Clause 8 are fulfilled the Seller shall transfer
        the Shares to the Buyer free of charge.

        When the  conditions in Clause 8 are fulfilled the Buyer shall  transfer
        the  new  shares  in   EuroTrust   A/S,   registered   in  Erhvervs-  og
        Selskabsstyrelsen, to the Seller's VP account free of charge.

10.     CONFIDENTIALITY

        The  parties   agree  to  maintain  in   confidence   all   Confidential
        Information.  In this regard the parties agree to disclose  Confidential
        Information  only to  those  of  their  directors,  managers  employees,
        attorneys,  accountants  and agents who are directly  concerned with the
        use of said  information,  and the parties  shall take all necessary and
        reasonable  precautions to prevent such information from being disclosed
        or made  public  to any  unauthorised  person,  forum or  company.  Upon
        disclosing   Confidential   Information  to  its  directors,   managers,
        employees,  attorneys,  accountants  and agents the parties shall advice
        such  persons  of the  confidential  nature  thereof  and shall take all
        necessary  and  reasonable   precautions  to  prevent  the  unauthorised
        disclosure of such information by persons.

        The  aforementioned  obligations  shall not apply to the extent that the
        receiving party can show that the Confidential Information:

        a)  is or becomes  generally  available to the public  otherwise than by
            reason of breach by the  receiving  party of the  provisions of this
            Agreement;

        b)  is known to the receiving party and is at its free disposal  (having
            been generated independently by the receiving party or a third party
            in  circumstances   where  it  has  not  been  derived  directly  or
            indirectly  from the  disclosing  party),  provided that evidence of
            such knowledge is furnished by the receiving party to the disclosing
            party within 5 days of receipt of demand for such proof;

        c)  is subsequently  disclosed to the receiving party without obligation
            of  confidence  by a third  party owing no such  obligations  to the
            disclosing party in respect of that information;
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                                                                              12

        d)  is  required  by  law  to be  disclosed;  it  being  understood  and
            acknowledged by Seller that Buyer shall be required to disclose this
            Agreement  and certain  financial  and other  information  about the
            Company in connection with (i) ADRs of Buyer continuing to be listed
            on the Nasdaq Small Cap Market and (ii) certain  requirements of the
            SEC.

11.     COSTS

        Each of the  Parties  shall  bear all the fees  and  costs of  auditors,
        bankers  or  financial,  legal or  other  advisers  retained  by them in
        connection  with the  preparation for or consummation of the transaction
        contemplated hereunder, and no such fees or costs will be charged to the
        Company.

12.     ASSIGNMENT

12.1    This  Agreement,  and the  rights  resulting  there  from,  shall not be
        assignable by any of the Parties  without the prior  written  consent of
        the other Party.

13.     ENTIRE AGREEMENT

        This Agreement represents the entire understanding and agreement between
        the Buyer and the  Seller  relating  to the  subject  matter  hereof and
        supersedes any and all prior  negotiations and  understandings,  whether
        written or oral, relating to the subject matter hereof.

14.     AMENDMENTS AND WAIVERS

14.1    No amendment to this Agreement or waiver of any of its provisions  shall
        be effective unless signed by the Buyer and the Sellers.

15.     GOVERNING LAW AND DISPUTES

15.1    This Agreement shall be governed by and construed in accordance with the
        laws of Denmark excluding its conflict of laws provisions.

        Any dispute,  controversy or claim arising out of or in connection  with
        this Agreement, or the breach,  termination or invalidity thereof, shall
        be finally  settled by arbitration  in

<PAGE>
                                       13

        accordance  with  the  rules  of Det  danske  Voldgiftsinstitut  (Danish
        Arbitration).  Arbitration  proceedings  shall  be  in  Danish  although
        documents  may be  produced  and  witnesses  heard in  English or Danish
        without  translations.  The arbitration  tribunal shall consist of three
        arbitrators, all of which shall be appointed by the Institute. The place
        of arbitration shall be Copenhagen, Denmark.

16.     SEPARABILITY

        Any term or provision of the Agreement which is invalid or unenforceable
        shall   be   ineffective   to  the   extent   of  such   invalidity   or
        unenforceability   without   rendering   invalid  or  unenforceable  the
        remaining  terms and provisions of this  Agreement.  In the event of any
        invalidity  or  unenforceability,  the Parties  shall agree on modifying
        such term or provisions to the extent  necessary to most closely achieve
        the meaning of the original term or provision.

                                    - o 0 o -

IN WITNESS  WHEREOF the parties  hereto  have caused this  Agreement  to be duly
executed the day and year first above written in two original copies,  one being
retained by the Buyer, and one by the Representative on behalf of the Seller.

For and on behalf of

The Seller:                                   The Buyer:
Herning, april 25, 2006                       Soborg, april 25, 2006

Soren Hager Holding 2 ApS:                    EuroTrust A/S

...............................                .............................

EXHIBITS:

Exhibit 1  AGH Nordan Invest A/S and subsidiaries
Exhibit 2  Valuation reportEXHIBIT 4.10

Version 01.06.2006 - NK

                    THIS AGREEMENT is made as of 2 June 2006

between                      Hans Schmidt Holding A/S
                             Company Registration No. (CVR) 13356572
                             Vinkelvej 18
                             DK-6270 Tonder

                             (hereinafter referred to as HS)

and                          VIDA Holding ApS
                             Company Registration No. (CVR) 26714958
                             Vidagade 29
                             DK-6270 Tonder

                             (hereinafter referred to as VH)

                             (hereinafter collectively referred to as
                             the Seller)

and                          Aktiv Gruppen Holding A/S
                             Company Registration No. (CVR) 20358645
                             Kokholm 3
                             DK-6000 Kolding

                             (hereinafter referred to as the Purchaser)

                            SHARE TRANSFER AGREEMENT

1.      RECITALS

1.1.    WHEREAS  HS is the  owner  of  50%  and  VH is  the  owner  of 50% of 2S
        Ejendomsinvest ApS, Company Registration No. (CVR) 26848652, hereinafter
        referred to as "the  Company"  and the Seller  therefore is the owner of
        100% of the shares in the Company, equal to nominal DKK 125,000.00; and

1.2.    WHEREAS  the  Company  is the parent  company  in a group of  companies,
        comprised of the following wholly-owned subsidiaries:

            o  Silkegade Invest ApS
<PAGE>

            o  RGW A/S

            o  Romo Golf A/S

            o  Romo Golf & Wellness A/S

            o  Romo Ferie ApS; and

WHEREAS the Purchaser is desirous of obtaining all of the Seller's shares in the
Company; NOW, THEREFORE, the Parties agree that the Seller shall transfer all of
its shares in the Company to the Purchaser  subject to the terms and  conditions
set forth in this Share Transfer Agreement.

2.      SUBJECT MATTER OF THIS SHARE TRANSFER AGREEMENT

2.1.    By this  Agreement,  the  Seller  transfers  100% of its  shares  in the
        Company (nominal DKK 125,000.00) to the Purchaser.

2.2.    The transfer includes the shares in the Company and its subsidiaries, as
        set  forth  under  Clause  1.2.,  and  the  activities/projects  related
        thereto,  including the Romo Project, the Mommark Marinepark Project and
        the Adal Strandpark Project plus all other assets/activities,  which are
        owned by the Company or its subsidiaries.

2.3.    The Seller  represents  that an additional  project  related to the Romo
        Project is being  discussed at present,  and in case this project  turns
        out to become a sound  project,  it shall pass to the Purchaser  without
        further consideration.  The project, which is situated at Sylt, provides
        30  houses/accommodations  and shared facilities,  a total gross area of
        2,560 sq metres.

3.      DATE OF COMPLETION

3.1.    The Parties have fixed 02 June 2006 as the date of completion.

3.2.    The Purchaser  shall take over the financial  rights and the  managerial
        powers  pertaining  to  the  shares   transferred  as  of  the  date  of
        completion.  The  Purchaser  shall have the full right to  dividend  and
        other  financial  rights for the whole of the  financial  years 2005 and
        2006.

4.      PURCHASE PRICE AND PAYMENT

4.1.    The purchase  price is agreed at DKK  134,160,000.00,  say Danish kroner
        one hundred and thirty-four million one hundred and sixty-thousand only.

4.2.    The purchase price shall be paid as follows:

        a)  DKK  38,060,000.00  shall be paid on the date of  completion  to the
            Seller's bank, cf. Clause 7.

        b)  DKK 43,380,000.00  shall be paid on 01 November 2006 to the Seller's
            bank.

        c)  DKK 43,380,000.00  shall be paid on 20 December 2006 to the Seller's
            bank.
<PAGE>

        d)  DKK  9,340,000.00  shall be paid on 20 December 2006,  provided that
            the Company  before this date - directly or  indirectly - regardless
            of  the  date  of   completion   -  has  sold  not  less   than  100
            houses/accommodations  (units) to external purchasers. The Purchaser
            and the  Company  shall be  under an  obligation  to  contribute  to
            achieving  these sales  targets.  In case of failure to achieve such
            sales  targets not later than by 20 December  2006,  this portion of
            the purchase price shall lapse.

            A house/accommodation unit shall be deemed "sold" once a conditional
            conveyance,  signed by a purchaser,  and down payment and  guarantee
            for the remaining purchase price have been provided.

            For the purpose of this  Agreement,  the term "external  purchasers"
            means other  purchasers  than the  Company and any of the  Company's
            affiliated companies.

        Upon signing  this  Agreement,  the  Purchaser  grants a first  priority
        pledge of the subject matter of this  Agreement,  i.e. the shares in the
        Company, amounting to nominal DKK 125,000.00 as security for the payment
        of the portion of the purchase  price, as set forth under Clauses 4.2.b,
        c. and d. The pledge shall be registered  in the  Company's  register of
        shareholders.  The Seller  shall not be entitled to exercise  the voting
        right attached to the pledged shares unless the Purchaser commits breach
        of the provisions of this Share Transfer Agreement.

        Until  the  total   purchase   price  has  been  paid,  any  payment  or
        distribution  of funds  from the  Company or from the  subsidiaries  set
        forth under Clause 1.2.  hereof to the Purchaser  and/or other companies
        affiliated with Eurotrust A/S shall be subject to prior written approval
        by the Seller.  The same  applies to  companies  and persons that either
        directly or  indirectly  are  shareholders  of Eurotrust A/S or any such
        companies' or persons' next of kin/closely related relatives.

        Until the total  purchase price has been paid, any transfer of assets or
        capital  participation  from the  Company  and its  subsidiaries  to the
        Purchaser and/or other companies  affiliated with Eurotrust A/S shall be
        subject to prior  written  approval by the Seller.  The same  applies to
        companies   and  persons  that  either   directly  or   indirectly   are
        shareholders of Eurotrust A/S or any such companies' or persons' next of
        kin/closely related relatives.

        Failure of fulfilling the condition set forth under Clause 6.5 hereof as
        at 01 November  2006 will require an amount of DKK  3,000,000.00  of the
        portion of the  purchase  price as set forth under  Clause 4.2. b. to be
        deposited  in the  Seller's  name in  Tonder  Bank  for  release  to the
        Purchaser  or the Seller  according  to the  provisions  set forth under
        Clause 6.5.

5.      INFORMATION

5.1.    In connection with the negotiations  and the due diligence  exercised by
        the  Purchaser,  the Purchaser has been given access to documents,  e.g.
        containing  legal,  financial and

<PAGE>

        technical   information   concerning   the  Company  and  the  companies
        affiliated  with the Company and to the projects  placed in the hands of
        these companies.

        The Parties  have  agreed that these  documents  shall be  deposited  in
        Tonder Bank for a period of 2 years reckoned from the date of completion
        and subject to the terms that the Parties  are given  jointly  access to
        inspect  and copy the  contents  hereof..  In the  event  that one Party
        wishes to be given access to the deposited  material,  the other Parties
        shall contribute to giving the Party supervised  access to the deposited
        documents.

5.2.    Moreover, the Purchaser has obtained the following oral information:

            o  That the equity  capital in the Company as of 31.12.2005  amounts
               to approx.  DKK 5,500,000 - excluding  profits  pertaining to the
               Romo Project.

            o  That the  final  operating  permit  pertaining  to the  Silkegade
               Project has not yet been  obtained  and that the Seller shall pay
               any  expenditure  in  excess  of DKK  100.000,00  concerning  the
               application for the final operating permit.

5.3.    SELLER GUARANTEES:

        THAT the draft accounts for the Company for 2005, as submitted,  gives a
             true and fair view of the operations in the financial period and of
             the  financial  state of affairs  at the end of that year.  Thus no
             obligations of material  nature apart from those appearing from the
             aforesaid  draft  accounts are  chargeable to the Company as at the
             end of 2005.  Obligations arising from soil pollution or other soil
             problems,  if any,  unknown to the Company and therefore not booked
             are excluded from this guarantee.

5.4.    SELLER REPRESENTS:

        THAT to the best  knowledge  and belief of the Seller,  there is nothing
             new of material nature as from the presentation of the accounts for
             2005 to date, except for the information given about  circumstances
             pertaining to the transferred projects,

        THAT the transferred shares in the Company are pledged to Tonder Bank,

        THAT the Company or the  companies  within the group of companies  shall
             have the right or option to acquire  the title to the land on which
             the projects contained in this Agreement,  are to be constructed at
             the  purchase  prices  contained  in the  budgets  prepared  by the
             Seller,

        THAT to the best  knowledge  and  belief  of the  Seller,  the  building
             project,  Romo Golf & Wellness,  can be implemented and to the best
             knowledge and belief of the Seller,  no objections have been lodged
             by  authorities,  plot owners or others that might  jeopardize  the
             implementation  of  the  project.  Due to the  early  stage  of the
             projects, Adal Strandpark and Mommark Marinepark,  the Seller needs
             the necessary  basis to say with  certainty that these projects can

<PAGE>

             be implemented so as to meet the expected design and size,

        THAT to the best  knowledge and belief of the Seller,  the latest budget
             introduced  pertaining  to Romo  Golf and  Wellness  including  the
             adjustments made in connection with the due diligence  exercised by
             the Purchaser  resulting in the budgeted  proceeds being reduced by
             DKK 40 million,  has been  prepared on a  realistic  basis.  In all
             essentials, the estimates pertaining to Adal Strandpark and Mommark
             Marinepark,  as supplied,  are based on the Seller's  best estimate
             and are therefore not the result of an actual budgeting procedure,

        THAT to the best knowledge and belief of the Seller, no events have been
             observed  that should rebut the budgets or indicate that the budget
             objectives  cannot be achieved  or that any such event  should have
             been included in the budgets,

        THAT until the date of completion, the Seller will carry on the group of
             companies subject to the previous conduct of business in compliance
             with the  directions  according to which the Company has previously
             been  carried  on  thereby   having   regard  to  the   Purchaser's
             acquisition thereof,

        THAT until the date of  completion,  the Seller shall not enter into any
             essential or onerous agreements or enter into any agreements, which
             would materially  change the basis for the building projects unless
             receiving the prior written approval by the Purchaser,

        THAT to the best  knowledge  and belief of the Seller,  any  information
             about this Share Transfer  Agreement given during the  negotiations
             is correct,

        THAT to the best knowledge and belief of the Seller, any information set
             forth in this Share Transfer  Agreement and Appendices  thereto and
             in the material otherwise supplied by the Seller is correct,

        THAT the  Seller  has  informed   about  all   essential   circumstances
             pertaining  to the  Company  and the  group of  companies  that the
             Seller knows about,

        THAT otherwise  to the best  knowledge  and  belief  of the  Seller,  no
             essential obligations of whatsoever nature, about which information
             has not been given or cannot be obtained from the material supplied
             under  this  Agreement,  are  chargeable  to  the  Company  or  its
             subsidiaries,

        THAT to the best  knowledge  and  belief  of the  Seller,  there  are no
             pending  actions,  arbitration  proceedings,   complaints  actions,
             actions on behalf of public  authorities  or public  investigations
             against  the  group of  companies  apart  from two  legal  disputes
             concerning  painting pertinent to the Silkegade Project about which
             detailed  information  has been given in connection with exercising
             the  due  diligence,  and  operationally  only  the  usual  matters
             involving authorities, such as building applications, etc.,

        THAT to the best knowledge and belief of the Seller, the group is not in
             current or
<PAGE>

             anticipatory breach of its obligations contained in any contractual
             relationship,

        THAT to the best  knowledge and belief of the Seller,  unless  otherwise
             provided by the  accounts  for 2005,  no claims or  reservation  of
             claims for the payment of taxes and dues have been  raised  against
             the  group  of  companies  by any  authorities,  and the  group  of
             companies has paid all taxes and dues.

5.5.    Claims for damages can alone be raised  against the Seller if  evidenced
        that at the time of the Agreement, the Seller misrepresented facts or on
        any other grounds if evidenced  that the Seller has  committed  fraud or
        gross negligence in the form of gross  professional  mistakes.  However,
        this shall not apply to matters  contained  in the  guarantee  set forth
        under Clause 5.3. Thus, the Purchaser can alone claim damages and cannot
        cancel  the  purchase  or  raise  any  claim on the  basis of the  rules
        applying to a pro rate reduction.

        Compensation  for any  separate  claim  under DKK 2 million  will not be
        paid. For any separate claim above this limit,  compensation  will alone
        be paid at a rate equal to 60% of the documented loss. In the event that
        the Purchaser can advance several separate claims, these claims will not
        accumulate in relation to this provision.

        The Parties  agree that the  purchase  price has been fixed  taking into
        consideration the limitation of the Seller's liability as agreed.

5.6.    No claim for  damages  can be raised  against  the Seller due to matters
        that the  Purchaser  knew  about or should  have  known  about  from the
        information  that has been  provided  either in writing or orally to the
        Purchaser prior to entering into this Agreement.

5.7.    Where the Purchaser  feels  entitled to claim damages in  consequence of
        guarantee failure,  lack of information or  misrepresentations or on any
        other  grounds,  a written  notice to that effect  shall be given to the
        Seller without  unreasonable  delay after the Purchaser became or should
        have become  aware of matters  forming  the basis of the claim.  If such
        notice is not given by the  Purchaser  not later than one year after the
        date of completion, any claim will be forfeited.

6.      CONDITIONS

6.1.    This Share Transfer  Agreement is subject to Tonder Bank  renouncing the
        pledge of the shares in the Company.

6.2.    This Share Transfer  Agreement is subject to the Seller and Hans Schmidt
        and Lars Svensen  personally  being  discharged  of any  guarantees  and
        warranties  that they have  undertaken for the debts and  liabilities of
        the Company and its  subsidiaries  in relation to Tonder Bank,  EIK Bank
        and Kaupthing Bank, Luxemburg.

        However,  the  Seller,  Lars  Svensen and Hans  Schmidt are  prepared to
        continue  providing  a  limited  security  for  the  liabilities  of  2S
        Ejendomsinvest  ApS'  group of
<PAGE>

        companies in relation to EIK Bank and Tonder Bank in conformity with the
        provisions set forth in Appendix 6.2 attached hereto.

        For the sake of good order,  it is pointed out that the Purchaser  shall
        indemnify the Seller, Lars Svensen and Hans Schmidt, for any loss caused
        by any such security.

6.3.    Furthermore,  this  Agreement  is subject to the 'clear  title final and
        conclusive  conveyance'  to RGW A/S  pertaining to the property of title
        number:  428 m.fl.(and  others) Kirkeby,  Romo, not later than as of the
        date of completion.

6.4.    Furthermore,  this  Agreement  is  subject  to  Eurotrust  A/S,  Company
        Registration  No. (CVR)  10298148 by  endorsement on this Share Transfer
        Agreement  undertakes  vicarious liability as guarantor assuming primary
        liability  for  the  Purchaser's   proper  performance  of  all  of  its
        obligations towards the Seller according to this Agreement.

6.5.    On the Purchaser's part, this Agreement is subject to an agreement being
        made with DanParcs not later than by 20 December 2006 to the effect that
        the term,  during  which the  contract  made  between  the  Company  and
        DanParcs is not terminable, can be changed. Either in a way enabling the
        Company to  terminate  the contract by giving 12 months'  prior  written
        notice to expire on the last day of any month to expire at the  earliest
        as of  31.12.2009,  though,  or  subject  to any  other  terms  that are
        acceptable to the Purchaser.  If this condition is not fulfilled  before
        the said date, the purchase price shall be reduced by DKK  3,000,000.00,
        and the portion of the  purchase  amount on deposit  according to Clause
        4.2.  shall be repaid to the  Purchaser.  However,  if this condition is
        fulfilled  within the said date, the amount on deposit shall be released
        to the Seller.

7.      CLOSING

7.1.    If the conditions set forth under Clauses 6.1.,  6.2., 6.3. and 6.4. are
        fulfilled,  the Parties  shall meet at the  Purchaser's  premises on the
        date of completion at 11:00 a.m. for completion of the transaction by

        a)  the  Seller   handing  over  to  the   Purchaser   the  register  of
            shareholders  in the Company,  stating the Purchaser as the owner of
            the total  share  capital  in the  Company,  and  simultaneously  an
            endorsement  as regards  the pledge of the shares in the  Company as
            set forth under Clause 4.2.

        b)  Documentation  to the effect that an annual general meeting has been
            held  in the  Company  and the  Company's  subsidiaries,  which  are
            included  in the  transfer  prior  to the  date  of  completion,  if
            according   to  the  rules  in  force  from  time  to  time,   these
            subsidiaries  are under an  obligation  to  prepare  accounts  as of
            31.12.2005.  At the same time, it must be documented  that Torben B.
            Pedersen  is the only  registered  member of the  management  of the
            Company

        c)  Transfer of the first instalment of the purchase price in the amount
            of DKK  38,060,000.00  to a bank account in Tonder Bank according to
            instructions to be given by the Seller.
<PAGE>

        d)  The Seller submitting documentation to the effect that the shares in
            the  Company  have been  released  from the  pledge to Tonder  Bank,
            perhaps  subject  to the  payment  of the  first  instalment  of the
            purchase price in the amount of DKK 38,060,000.00 to Tonder Bank.

        e)  The  Purchaser  submitting  documentation  to the  effect  that  the
            Seller,  Hans  Schmidt  and  Lars  Svensen  personally,  subject  to
            effecting  the transfer,  have been  released  from the  obligations
            listed under Clause 6.2.

        f)  The Seller  undertaking the limited security towards EIK Bank as set
            forth under Clause 6.2.

        g)  Signing of the  Consultancy  Agreements  attached  as  Appendix  8.1
            hereto.

8.      HANS SCHMIDT AND LARS SVENSEN

8.1.    This  transfer  is  subject to Hans  Schmidt  and Lars  Svensen  via the
        companies,  LBS Consult ApS and Rorkaer  Ingeniorfirma  ApS, signing the
        Consultancy  Agreements  attached  as  Appendix  8.1  pertaining  to the
        completion of projects in progress.

8.2.    The  Purchaser is under an  obligation  to indemnify the Seller and Hans
        Schmidt and Lars Svensen for any  guarantees  and financial  warranties,
        they  might  have  undertaken   pertaining  to  the  building   projects
        transferred and for any operating credits from the companies transferred
        to the extent  these  liabilities  appear from the accounts or otherwise
        can be documented  to be chargeable to the Company or to any  subsidiary
        and forming part of the budgets for the building projects introduced.

9.      TORBEN B. PEDERSEN

9.1.    The Parties agree that Torben B. Pedersen's  employment with the Company
        shall  remain in full effect at a similar  level and on minimum the same
        terms of employment as during his previous  employment  with the Company
        and a level of  salaries  that is equal to his market  value.  Torben B.
        Pedersen's employment shall be governed by separate written agreement to
        be executed not later than as of the date of completion.

10.     NON-COMPETITION

10.1.   For a period of 2 years from the date of the transfer,  the Seller, Hans
        Schmidt and/or Lars Svensen ("the Obligators") shall not either directly
        or  indirectly  have  any  financial  interests  in  or  otherwise  have
        interests in enterprises  carrying on project  development in Denmark in
        the field of holiday  and  housing  projects.  Within the same period of
        time,  Hans  Schmidt and Lars Svensen  cannot  either be employed in any
        enterprises that are interested in such projects.

        This  non-competition  clause  shall not  prevent  the  Obligators  from
        engaging in normal investment in real property,  including modernisation
        and development such properties.
<PAGE>

        Furthermore, not withstanding the non-competition clause, the Obligators
        shall be  entitled  to  commercially  carry on  project  development  of
        holiday and housing projects  subject to the total investment  framework
        in connection with the individual project does not exceed DKK 20 million
        or for purely sale of land projects DKK 10 million.

        At the time of entering into this Agreement, the Obligators are directly
        or indirectly involved in a range of investments in real property. These
        property  investments  are  specified  on  the  list  attached  to  this
        Agreement as Appendix 10.1. The Parties agree that the Obligators  shall
        remain entitled to own,  modernise and develop these properties  without
        thereby committing breach of this non-competition clause.

10.2.   In case of breach by either  Obligator of this  non-competition  clause,
        the Obligator in breach shall pay an agreed penalty in the amount of DKK
        2 million to the  Purchaser  for any one breach  hereof.  In addition to
        paying  the  penalty,  the  Obligator  in  breach  shall  surrender  the
        contribution  margin/gross  profits  gained by committing  breach of the
        non-competition clause to the Purchaser.

10.3.   Any breach of the  aforesaid  provision  can be defended  by  injunctive
        relief without posting bond.

11.     NUMBER OF COPIES

11.1.   This Share  Transfer  Agreement  shall be executed  simultaneously  in 4
        copies of which the  Purchaser,  Eurotrust A/S, HS and VH shall keep one
        counterpart.

Kolding, 02 June 2006

As Sellers:                             As Purchaser:

For Vida Holding ApS                    For Aktiv Gruppen Holding A/S
and Lars Svensen

(SIGNATURES ILLEGIBLE)                  (SIGNATURES ILLEGIBLE)
----------------------------            -----------------------------

For Hans Schmidt Holding A/S
and Hans Schmidt:

(SIGNATURE ILLEGIBLE)
----------------------------
<PAGE>

The undersigned  Company Eurotrust A/S, Company  Registration No. (CVR) 10298148
agrees to hold itself primarily liable as a guarantor for the Purchaser's proper
performance  of its  obligations  towards  the  Seller,  Lars  Svensen  and Hans
Schmidt, in conformity with the aforesaid Share Transfer Agreement.

For Eurotrust A/S:

(SIGNATURES ILLEGIBLE)
----------------------------

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