Document:

SunOpta Inc.: Exhibit 10.2 - Prepared by TNT Filings Inc.

  

SECURITIES PURCHASE AGREEMENT

SUNOPTA BIOPROCESS INC.

 

and

 

SUNOPTA INC.

 

and

 

THE PURCHASERS NAMED IN  SCHEDULE I

Dated as of June 7, 2007

TABLE OF
CONTENTS 

	 	 
	ARTICLE I THE PURCHASED SHARES	1
	
    SECTION 1.01 ISSUANCE, SALE AND DELIVERY OF THE
    PURCHASED SHARES
	1
	
    SECTION 1.02 CLOSING
	2
	ARTICLE II REPRESENTATIONS AND
    WARRANTIES OF THE CORPORATION	2
	
    SECTION 2.01 INCORPORATION AND STATUS
	2
	
    SECTION 2.02 CORPORATE POWER
	2
	
    SECTION 2.03 CAPITALIZATION
	3
	
    SECTION 2.04 PURCHASED SHARES
	3
	
    SECTION 2.05 OBLIGATIONS TO ISSUE UNITS
	3
	
    SECTION 2.06 BUSINESS AND SUBSIDIARIES
	4
	
    SECTION 2.07 QUALIFICATION; GOOD STANDING
	4
	
    SECTION 2.08 CORPORATE AUTHORIZATION;
    ENFORCEABILITY
	4
	
    SECTION 2.09 NO CONFLICT
	5
	
    SECTION 2.10 APPROVALS AND CONSENTS
	5
	
    SECTION 2.11 OFFERING
	6
	
    SECTION 2.12 CORPORATE RECORDS AND BOOKS OF
    ACCOUNT
	6
	
    SECTION 2.13 FINANCIAL INFORMATION
	6
	
    SECTION 2.14 ABSENCE OF UNDISCLOSED LIABILITIES
	7
	
    SECTION 2.15 BANKRUPTCY
	7
	
    SECTION 2.16 CERTAIN PAYMENTS
	7
	
    SECTION 2.17 ABSENCE OF CHANGES
	7
	
    SECTION 2.18 AGREEMENTS
	8
	
    SECTION 2.19 TITLE TO ASSETS
	9
	
    SECTION 2.20 REAL PROPERTY
	9
	
    SECTION 2.21 INTELLECTUAL PROPERTY RIGHTS
	9
	
    SECTION 2.22 COMPLIANCE WITH LAWS; PERMITS
	10
	
    SECTION 2.23 LITIGATION
	11
	
    SECTION 2.24 ENVIRONMENTAL MATTERS
	12
	
    SECTION 2.25 TAX MATTERS
	12
	
    SECTION 2.26 EMPLOYEE BENEFIT PLANS
	13
	
    SECTION 2.27 LABOUR AGREEMENTS AND ACTIONS
	13
	
    SECTION 2.28 INSURANCE
	14
	
    SECTION 2.29 REGISTRATION RIGHTS
	14
	
    SECTION 2.30 NON ARM’S LENGTH TRANSACTIONS
	14
	
    SECTION 2.31 DISCLOSURE
	15
	
    SECTION 2.32 RELIANCE
	15
	ARTICLE III REPRESENTATIONS AND
    WARRANTIES OF SUNOPTA	15
	
    SECTION 3.01 INCORPORATION AND STATUS
	15
	
    SECTION 3.02 CORPORATE POWER
	15
	
    SECTION 3.03 CAPITALIZATION
	15
	
    SECTION 3.04 PURCHASED WARRANTS
	15
	
    SECTION 3.05 QUALIFICATION; GOOD
    STANDING
	15
	
    SECTION 3.06 CORPORATE
    AUTHORIZATION; ENFORCEABILITY
	16
	
    SECTION 3.07 NO CONFLICT
	16
	
    SECTION 3.08 APPROVALS AND
    CONSENTS
	16
	
    SECTION 3.09 OFFERING
	17
	
    SECTION 3.10 RELIANCE
	17
	ARTICLE IV REPRESENTATIONS AND
    WARRANTIES OF THE PURCHASERS	17
	
    SECTION 4.01 REPRESENTATIONS
	17
	
    SECTION 4.02 FURTHER REPRESENTATIONS
	20
	ARTICLE V CONDITIONS TO THE
    OBLIGATIONS OF THE PURCHASERS	21
	
    SECTION 5.01 OPINION OF COUNSEL
	21
	
    SECTION 5.02 REPRESENTATIONS AND WARRANTIES TO BE
    TRUE AND CORRECT
	21
	
    SECTION 5.03 PERFORMANCE
	22
	
    SECTION 5.04 ALL PROCEEDINGS TO BE SATISFACTORY
	22
	
    SECTION 5.05 PURCHASE BY OTHER PURCHASERS
	22
	
    SECTION 5.06 SUPPORTING DOCUMENTS
	22
	
    SECTION 5.07 TRANSACTION AGREEMENTS
	23
	
    SECTION 5.08 DIRECTOR INDEMNIFICATION
	23
	 	 
	 	 

	 	 
	ARTICLE VI CONDITIONS OF THE CORPORATION’S
    OBLIGATIONS AT CLOSING	23
	
    SECTION 6.01 REPRESENTATIONS AND WARRANTIES
	23
	
    SECTION 6.02 PAYMENT OF PURCHASE PRICE
	23
	
    SECTION 6.03 TRANSACTION AGREEMENTS
	24
	
    SECTION 6.04 PROCEEDINGS AND DOCUMENTS
	24
	ARTICLE VII
    COVENANTS OF THE CORPORATION	
    24
	
    SECTION 7.01 RESTRICTIVE AGREEMENTS PROHIBITED
	24
	
    SECTION 7.02 USE OF PROCEEDS
	24
	
    SECTION 7.03 KEEPING OF RECORDS AND BOOKS OF
    ACCOUNT
	24
	ARTICLE VIII
    MISCELLANEOUS	
    25
	
    SECTION 8.01 EXPENSES
	25
	
    SECTION 8.02 SURVIVAL OF AGREEMENTS
	25
	
    SECTION 8.03 BROKERAGE
	25
	
    SECTION 8.04 PARTIES IN INTEREST
	25
	
    SECTION 8.05 NOTICES
	25
	
    SECTION 8.06 GOVERNING LAW
	26
	
    SECTION 8.07 ENTIRE AGREEMENT
	26
	
    SECTION 8.08 COUNTERPARTS
	26
	
    SECTION 8.09 AMENDMENTS
	26
	
    SECTION 8.10 SEVERABILITY
	26
	
    SECTION 8.11 TITLES AND SUBTITLES
	26
	
    SECTION 8.12 ADVISORS
	27

 

 

	 	 
	INDEX TO SCHEDULES
	 	 
	SCHEDULE I	Purchasers
	SCHEDULE II	Disclosure Schedule
	 	 
	 	 
	INDEX TO EXHIBITS	 
	 	 
	EXHIBIT A	Form of Asset Purchase Agreement
	EXHIBIT B	Form of Unanimous Shareholders Agreement
	EXHIBIT C	Form of Registration Rights Agreement
	EXHIBIT D	Form of Legal Opinion
	EXHIBIT E	Form of Director Indemnification Agreement
	EXHIBIT F	Form of Warrant Certificate

 

SECURITIES PURCHASE AGREEMENT

STOCK PURCHASE AGREEMENT, dated as of June 7, 2007 (this “Agreement”) is entered into by and among SunOpta BioProcess Inc., a corporation organized under the Canada Business Corporations Act (the “Corporation”), SunOpta Inc., a corporation organized under the Canada Business Corporations Act (“SunOpta”), and the several purchasers named in the attached Schedule I (collectively, the “Purchasers” and individually, a “Purchaser”).

 

WHEREAS, the Corporation wishes to issue and sell to the Purchasers listed on Schedule I under the heading “Name and Address of Purchasers” (the “Purchasers”) an aggregate of up to 2,500,000 Series A convertible preferred shares in the capital of the Corporation (collectively, the “Purchased Shares”) on the terms and subject to the conditions set forth in this Agreement;

 

WHEREAS, SunOpta wishes to issue and sell to the Purchasers an aggregate of up to 1,080,380 Warrants of the Corporation (collectively, the “Purchased Warrants”), each Purchased Warrant being exercisable to purchase one common share in the capital of SunOpta (each a “Warrant Share” and, collectively, the “Warrant Shares”) any time prior to 4:00 p.m. (Toronto time) on the date that is six (6) months following the Closing Date (as defined below), at a purchase price of U.S.$11.57 per Warrant Share, on the terms and subject to the conditions set forth in this Agreement and in the Warrant Certificates (as defined below);

 

WHEREAS, the Purchasers, severally, wish to purchase the Purchased Units on the terms and subject to the conditions set forth in this Agreement; and

 

WHEREAS concurrently with the issue and sale of the Purchased Units to the Purchasers, the Corporation proposes to (i) acquire (the “Asset Acquisition”) from SunOpta all of the property, assets, undertaking and rights (collectively, the “Purchased Assets”) and assume certain of the liabilities relating to or used in connection with the SunOpta BioProcess Division (the “Division”) in consideration of the issuance by the Corporation to SunOpta of an aggregate of 9,199,900 common shares in the capital of the Corporation, pursuant to and in accordance with the terms and conditions of an asset purchase agreement to be dated as of the Closing Date between the Corporation and SunOpta (the “Asset Purchase Agreement”); and (ii) issue to certain employees of the Division an aggregate of 800,000 capped restricted share units (the “RSUs”) and 800,000 capped stock options (the “Capped Options”).

 

NOW THEREFORE, in consideration of the premises and the mutual covenants contained in this Agreement, the parties agree as follows:

ARTICLE I

THE PURCHASED UNITS

SECTION 1.01  Issuance, Sale and Delivery of the Purchased Units.  The Corporation and SunOpta agree to issue and sell to each Purchaser, and each Purchaser hereby agrees to purchase from the Corporation and SunOpta, respectively, the number of units (the “Purchased Units”), each consisting of one Purchased Share and 0.4322 of a Purchased Warrant, set forth opposite the name of such Purchaser on Schedule I at a purchase price of US$20.00 per Purchased Unit.  The Purchased Shares and Purchased Warrants comprising the Purchased Units shall be separable immediately upon issue.  All references to “dollars” or “$” in this Agreement are to U.S. dollars.

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SECTION 1.02  Closing.  The closing of the purchase and sale of the Purchased Units shall take place at the offices of Wildeboer Dellelce LLP, 365 Bay Street, Suite 800, Toronto, Ontario M5H 2V1 at 10:00 a.m., eastern standard time, on June 7, 2007 or at such other location, date and time as may be agreed upon by BlackRock Investment Management (UK) Limited (the “Lead Purchaser”), SunOpta and the Corporation (the “Closing” and such date and time being called the “Closing Date”).  At the Closing, the Corporation shall issue and deliver to each Purchaser certificates in definitive form, registered in the name of such Purchaser, representing the Purchased Shares and Purchased Warrants comprising the Purchased Units to be purchased by it from the Corporation and SunOpta, respectively, at the Closing.  In addition, as payment in full for the Purchased Units being purchased by it under this Agreement, against delivery of the share certificate or certificates therefor as aforesaid, on the Closing Date, each Purchaser shall deliver to Wildeboer Dellelce LLP, counsel to the Corporation (i) a certified cheque payable to the order of Wildeboer Dellelce LLP in trust in the amount set forth opposite the name of such Purchaser under the heading “Aggregate Purchase Price” on Schedule I, or (ii) transfer such sum to the account of the Wildeboer Dellelce LLP in trust by wire transfer.  Payments shall be denominated in U.S. dollars (calculated based on the “daily 12:00 p.m. foreign exchange rate” certified by the New York Federal Reserve Bank for the business day prior to the Closing Date).

ARTICLE II

REPRESENTATIONS AND WARRANTIES OF 

THE CORPORATION

The Corporation hereby represents and warrants to the Purchasers that, except as set forth in the Disclosure Schedule attached as Schedule II (which Disclosure Schedule makes explicit reference to the particular representation or warranty as to which exception is taken, which in each case shall constitute the sole representation and warranty as to which such exception shall apply), the statements contained in this Article II are true, correct and complete.

 

SECTION 2.01  Incorporation and Status .  The Corporation is duly incorporated and organized, and is validly existing and up to date in the filing of all corporate and similar returns under the laws of its jurisdiction of incorporation.  Attached as Schedule 2.01 is a correct and complete copy of the articles of incorporation and bylaws of the Corporation, as of the date of this Agreement.

SECTION 2.02  Corporate Power . The Corporation has the corporate power and capacity to (i) own or lease its assets and, collectively, to carry on the Business, as defined below, as the Business is currently conducted; (ii) enter into, perform its obligations under and consummate the transactions contemplated by this Agreement, including the execution, delivery and performance of the Asset Purchase Agreement, the Unanimous Shareholders Agreement and the Registration Rights Agreement in the forms attached as Exhibit A, Exhibit B and Exhibit C respectively (together with this Agreement, collectively, the “Transaction Agreements”); and (iii) to issue and deliver the Purchased Shares and the common shares issuable upon conversion of the Purchased Shared (the “Conversion Shares”).

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For the purposes of this Agreement, “Business” means the business of designing and constructing cellulosic biomass conversion processes, equipment and facilities and any services that are incidental and ancillary to that business as conducted by the Division prior to the date hereof and contemplated to be conducted by the Corporation following the date hereof.

SECTION 2.03  Capitalization .  The authorized share capital of the Corporation consists of an unlimited number of common shares and an unlimited number of preferred shares issuable in series, of which 100 common shares and no preferred shares are issued and outstanding as of the date hereof and of which 9,200,000 common shares and no preferred shares will be issued and outstanding immediately following completion of the Asset Acquisition but prior to giving effect to the transactions contemplated by this Agreement.  In addition, immediately following completion of the Asset Acquisition but prior to giving effect to the transactions contemplated by this Agreement, an aggregate of 800,000 RSUs and 800,000 Capped Options entitling the holders thereof to acquire an equivalent number of common shares of the Corporation (or, in lieu of such shares, receive a cash payment in an amount equal to the fair market value of such shares) will be issued and outstanding pursuant to the Corporation’s Capped Restricted Share Unit Plan and Capped Stock Option Plan, respectively, and options (the “Incentive Options”) to acquire an aggregate of 200,000 common shares of the Corporation will be reserved for issuance pursuant to the Corporation’s 2007 Employee Incentive Stock Option Plan at an exercise price equal to the fair market value of the common shares on the date of grant as determined by the Board of Directors of the Corporation.  SunOpta Inc. is currently the registered and beneficial owner of all of the issued and outstanding common shares of the Corporation, all of which have been validly issued and are outstanding as fully paid and non-assessable shares, and immediately following completion of the Asset Acquisition, will be the registered and beneficial owner of all of the outstanding common shares of the Corporation.

SECTION 2.04  Purchased Shares .  The Purchased Shares issued under this Agreement will have the rights, preferences, privileges and restrictions set out in the articles of incorporation and articles of amendment appended as Schedule 2.04 (collectively, the “Amended Articles”), subject only to the terms of any agreement disclosed pursuant to Section 2.05.

SECTION 2.05  Obligations to Issue Units .  Except for the RSUs, Capped Options and Incentive Options and as otherwise contemplated by the Transaction Agreements, both as of the date of this Agreement and immediately following completion of the Asset Acquisition:

(a)

there are no agreements, options, warrants, rights of conversion or exchange or other rights under which the Corporation is, or may become, obligated to issue any shares  or any securities convertible or exchangeable, directly or indirectly, into any shares of the Corporation;

(b)

the Corporation has no obligation (contingent or otherwise) to purchase, redeem or otherwise acquire any shares or any interest therein or to pay any dividend or make any other distribution in respect thereof except as required by the Amended Articles;

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(c)

there are no outstanding or authorized stock appreciation, phantom stock or similar rights with respect to the Corporation;

(i)

 the Corporation is not a party to any voting trust or agreement granting rights of first refusal, pre-emptive rights, registration rights or proxies relating to any of the shares of the Corporation and there are no voting trusts or agreements, shareholders’ agreements, pledge agreements, buy-sell agreements, rights of first refusal, pre-emptive rights, tag alongs, drag alongs or proxies relating to any of the shares of the Corporation; and

(a)

the issuance of the Purchased Shares will not (i) accelerate the vesting or exercise of, (ii) change any exercise or conversion price of, or (iii) change any other rights of the holder under, any option, warrant or convertible or exchangeable security issued by the Corporation.

(f)

Schedule 2.05 sets out particulars, in the case of options, warrants and other convertible or exchangeable securities, of the exercise price, vesting schedule, term and the number and type of securities issuable thereunder.  Schedule 2.26(b) also contains a true and complete copy of each plan, agreement or commitment of the Corporation to issue shares or any securities convertible or exchangeable, directly or indirectly, into any shares of the Corporation.

SECTION 2.06  Business and Subsidiaries .  The Corporation is a newly-formed corporation; has not heretofore carried on any business, venture or endeavour; and prior to entering into this Agreement and the consummation of the transactions contemplated by the Transaction Agreements, had not assets or liabilities.  The Corporation does not have any subsidiaries or investment in any other person.

SECTION 2.07  Qualification; Good Standing .  As of the Closing Date, the Corporation shall be duly registered, licensed or qualified as an extra-provincial or foreign corporation in each jurisdiction in which such registration is required in order to conduct the Business, except where the failure to do so would not have a material adverse effect on the Corporation or the Business.

SECTION 2.08  Corporate Authorization; Enforceability .
 

(a)  Each of the Transaction Agreements and all instruments
required by the Transaction Agreements to be delivered by the Corporation at the
Closing have been duly authorized by the Corporation.  This Agreement has been
duly executed and delivered by the Corporation and is a valid and binding
obligation of the Corporation, enforceable in accordance with its terms, subject
to the usual exceptions as to bankruptcy and the availability of equitable
remedies.  At the Closing, each of the Transaction Agreements and all
instruments required by the Transaction Agreements to be delivered by the
Corporation at the Closing will be duly executed and delivered by the
Corporation, and will be valid and binding obligations of the Corporation,
enforceable in accordance with their respective terms, subject to the usual
exceptions as to bankruptcy and the availability of equitable remedies. 

(b)  The issuance, sale and delivery of the Purchased Shares and the issuance and delivery of the Conversion Shares have been duly authorized by all requisite corporate action of the Corporation and will not violate any provision of law, any order of any court or other agency of government, the Amended Articles or the bylaws of the Corporation, or any provision of any indenture, agreement or other instrument to which the Corporation or any of its properties or assets is bound, or conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such indenture, agreement or other instrument, or result in the creation or imposition of any lien, charge, restriction, claim or encumbrance of any nature whatsoever upon any of the properties or assets of the Corporation.

- 5 -

(c)  When issued in accordance with this Agreement, the Purchased Shares will be validly issued, fully paid and non-assessable shares with no personal liability attaching to the ownership thereof and will be free and clear of all liens, charges, restrictions, claims and encumbrances, other than restrictions on transfer under the Transaction Agreements and under applicable federal, provincial and state securities laws.  The Conversion Shares have been duly reserved for issuance upon conversion of the Purchased Shares and, when so issued, will be duly authorized, validly issued, fully paid and non-assessable shares with no personal liability attaching to the ownership thereof and will be free and clear of all liens, charges, restrictions, claims and encumbrances imposed other than restrictions on transfer under the Transaction Agreements and under applicable federal, provincial and state securities laws.  None of the issuance, sale or delivery of the Purchased Shares or the issuance or delivery of the Conversion Shares is subject to any preemptive right of the shareholders of the Corporation or to any right of first refusal or other right in favor of any person.

SECTION 2.09  No Conflict .  Neither the entering into of any of the Transaction Agreements by the Corporation nor the performance by the Corporation of any of its obligations under the Transaction Agreements will contravene, breach or result in any default under the articles, bylaws, constituting documents or other organizational documents of the Corporation or contravene, breach, result in any default or give rise to any right of termination, cancellation, acceleration or payment under any mortgage, lease, agreement, other legally binding instrument, or Governmental Authorization, as defined below, to which the Corporation is or, following completion of the Asset Acquisition, will be, a party or by which the Corporation or the Business is bound.

For purposes of this Agreement:

“Governmental Authorization” means any authorization, order, permit, approval, grant, licence, quota, consent, commitment, right, franchise, privilege, certificate, judgment, writ, injunction, award, determination, direction, decree or demand or the like which may be issued or granted by law or by rule or regulation of any Governmental Body; and

“Governmental Body” means any government, parliament, legislature, regulatory authority, agency, commission, board or court or other law, rule, or regulation-making entity having or purporting to have jurisdiction on behalf of any nation or state or province or other subdivision thereof including any municipality or district.

SECTION 2.10  Approvals and Consents .  Except for (i) the filing of the Amended Articles under the Canada Business Corporations Act; (ii) any filings required pursuant to applicable securities laws, which filings will be effected within the required statutory period; (iii) any other filings required under applicable laws, which filings will be timely filed within the applicable periods therefor; and (iv) the consent of the principal lenders to SunOpta  in respect of the Asset Acquisition and the release by such lenders of the security granted to them by SunOpta in respect of the Purchased Assets, which consent and release shall be obtained on or prior to the Closing Date, no Governmental Authorization or authorization, consent, approval of, order, registration, qualification, designation, declaration or filing with or notice to any other person or federal, state or local governmental authority is required in connection with the execution, delivery or performance of the Transaction Agreements by the Corporation or the offering, sale and purchase of the Purchased Shares under this Agreement.

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SECTION 2.11  Offering .  Subject in relevant part to the truth and accuracy of each Purchaser’s representations set forth in Article IV, the offer, sale and issuance of the Purchased Shares as contemplated by this Agreement to such Purchaser and the issuance and delivery of the Conversion Shares issuable upon conversion of the Purchased Shares, are exempt from prospectus and registration requirements under applicable securities laws.  Neither the Corporation nor any authorized agent acting on its behalf will take any action hereafter that would cause the loss of such exemptions.  All of the issued and outstanding securities of the Corporation have been offered, issued and sold by the Corporation in compliance with prospectus and registration requirements under applicable securities laws.

SECTION 2.12  Corporate Records and Books of Account .   The corporate records and minute books of the Corporation contain complete and accurate minutes of all meetings and resolutions of the directors and shareholders of the Corporation since its date of incorporation.  The share certificate ledger, registers of shareholders, registers of transfers and registers of directors and officers of the Corporation are complete and accurate.  The books and records of the Corporation fairly present and disclose the respective financial position of the Corporation as at the relevant dates and all material financial transactions of the Corporation have been accurately recorded in those books and records.

SECTION 2.13  Financial Information ..

(a)

The audited consolidated financial statements of SunOpta as at and for the year ended December 31, 2006 (collectively, the “SunOpta Financial Statements”) have been prepared in accordance with United States generally accepted accounting principles (subject to usual year-end adjustments) consistently applied throughout the periods indicated.  The divisional financial statements of the Division as at and for the year ended December 31, 2006 (the “Divisional Financial Statements”) have been prepared on a consistent basis however have not been audited as a stand alone division.  The SunOpta Financial Statement and the Divisional Financial Statements (collectively, the “Financial Statements”) completely and accurately present the financial position of the Division and the Corporation (as applicable) on a consolidated basis and the results of operations as of the dates and throughout the periods indicated and there has been no material adverse change in the financial position of the Division or the Corporation from that reflected in the Financial Statements.
 

(b)

The accounts receivable reflected on the balance sheets forming part of the Financial Statements and all accounts receivable arising after the date of the Financial Statements are bona fide and collectible, other than those accounts receivable which are doubtful accounts and in respect of which a reasonable allowance, consistent with past practice, has been made, and are not subject to any set-off or counterclaim.
 

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SECTION 2.14  Absence of Undisclosed Liabilities .  Neither the Division nor the Corporation has any outstanding liabilities, contingent or otherwise, and neither the Division nor the Corporation is a party to or bound by any agreement of guarantee, support, indemnification, assumption or endorsement of, or any other similar commitment with respect to, the obligations, liabilities (contingent or otherwise) or indebtedness of any person, other than:

(a)

those set out in the Financial Statements; and

(b)

liabilities in respect of trade or business obligations incurred after December 31, 2006 in the ordinary course of the Business, consistent with past practice, none of which has been materially adverse to the nature, results of operations, assets or financial condition of, or manner of conducting, the Business or the Corporation.

SECTION 2.15  Bankruptcy .  The Corporation is not an insolvent person within the meaning of the Bankruptcy and Insolvency Act (Canada) or the bankruptcy laws of the United Stated or any other jurisdiction nor has made an assignment in favour of its creditors nor a proposal in bankruptcy to its creditors or any class thereof nor had any petition for a receiving order presented in respect of it.  The Corporation has not initiated proceedings with respect to a compromise or arrangement with its creditors or for its winding-up, liquidation or dissolution.  No receiver has been appointed in respect of the Corporation or any of its assets and no execution or distress has been levied upon any of its assets.

SECTION 2.16  Certain Payments .  None of the Division, the Corporation, or any director, officer, agent or employee of the Corporation or the Division, or any other person associated with or acting for or on behalf of any of them, has directly or indirectly (a) made any contribution, gift, bribe, rebate, payoff, influence payment, kick-back, or other similar payment to any person, private or public, regardless of form, whether in money, property or services (i) to obtain favourable treatment in securing business, (ii) to pay for favourable treatment for business secured, (iii) to obtain special concessions or for special concessions already obtained, for or in respect of the Division or the Corporation or any of their respective affiliates, or (iv) in violation of any applicable laws, or (b) established or maintained any fund or asset that has not been recorded in the books and records of the Corporation.

SECTION 2.17  Absence of Changes .  Since December 31, 2006 there has not been (i) any adverse material change in the assets, liabilities, operations, results of operations, condition (financial or otherwise), profitability, business affairs, or, to the knowledge of the Corporations, the prospects of the Business or the Corporation, (ii) any issuance of securities of the Corporation except the issuance of 9,199,900 Common Shares to SunOpta in connection with the Asset Acquisition and the issuance of 800,000 RSUs and Capped Options as described in Schedule 2.05; (iii) any borrowing or agreement to borrow any funds or any liability or obligation of any nature (contingent or otherwise) incurred by the Division or the Corporation, other than current liabilities or obligations incurred in the ordinary course of the Business, (iv) any declaration or payment of dividends or other distributions with respect to, or direct or indirect redemption or acquisition of, any shares of the Corporation, (v) any loan by the Division or the Corporation to any officer, director, employee or shareholder thereof, or any agreement or commitment therefor, (vi) any damage, destruction or loss (whether or not covered by insurance) adversely affecting the assets, properties or business the Division or the Corporation, or (vii) any increase in the annual compensation payable, directly or indirectly, to any officer, director or employee of or consultant to the Division or the Corporation except for usual annual adjustments retroactive to January 1, 2007.

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SECTION 2.18  Agreements .

(a)  Except as set out in Schedule 2.18(a) and except as disclosed in any other Schedule to this Agreement, neither the Division nor the Corporation is a party to or bound by any:

(i)

agreement or commitment for the purchase of equipment, materials, supplies or services which requires payment of more than $100,000, in the case of any single agreement or commitment, or, in the case of all those agreements or commitments, in excess of $200,000 in the aggregate, except for purchases of inventories in the ordinary course of the Business, consistent with past practice and upon terms and conditions not more onerous than those usual and customary in the industry;

(ii)

management, consulting, agency or similar agreement or commitment;

(iii)

licence or royalty agreement relating to Intellectual Property (as defined below) except for agreements with customers of the Division entered into in the ordinary course of the Business, consistent with past practice and upon terms and conditions not more onerous than those usual and customary in the industry;

(iv)

agreement or commitment to grant rights to manufacture, produce, assemble, licence, distribute, market, or sell its products to any other person or any agreement that affects the exclusive right of the Division or the Corporation to develop, manufacture, produce, assemble, licence, distribute, market or sell its products; or

(v)

lease, agreement in the nature of a lease or agreement to lease whether as lessor or lessee, and whether in respect of real property or personal property, except for any lease or agreement in the nature of a lease relating to personal property where the aggregate annual payments under that lease or agreement and under any related service or maintenance or similar contract do not exceed $100,000.

Correct and complete copies of all of the agreements and commitments set out in Schedule 2.18(a), or, where an agreement or commitment is oral, a correct and complete written summary of its terms, have been made available to the Purchasers.

(b)  Each written or oral agreement or understanding entered into by the Division or the Corporation set out in Schedule 2.18(a) is in full force and effect and constitutes a valid and binding obligation of all parties thereto.  Except as provided in Schedule 2.18(b), the Division or the Corporation, as applicable, have in all material respects performed the obligations required to be performed by it and is not in default or alleged to be in default in any respect under any agreement or understanding to which it is a party where any such default or alleged default could be reasonably expected to have a material adverse effect on the Corporation or the Business.  There exists no event or condition which, after notice or lapse of time, or both, would constitute a default, except where such default would not have a material adverse effect on the Corporation or the Business.

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SECTION 2.19  Title to Assets .  

(a)  Immediately upon Closing the Corporation shall be the absolute beneficial owner of, and have good and marketable title, free of all liens, charges, restrictions, claims, security interests and encumbrances (collectively, “Charges”), except for Permitted Liens (as defined below), to the Purchased Assets.  The Purchased Assets constitute all of the property, assets, undertaking and rights necessary to conduct the Business in substantially the same manner as conducted prior to the date hereof.  The physical assets comprising the Purchased Assets are in good operating condition and in a state of good maintenance and repair.

(b)  For the purposes of this Agreement, “Permitted Liens” means:

(i)

liens for taxes, assessments and governmental charges due and being contested in good faith and diligently by appropriate proceedings (and for the payment of which adequate provision has been made);

(ii)

servitudes, easements, restrictions, rights of parties in possession, zoning restrictions, encroachments, reservations, rights-of-way  and other similar rights in real property or any interest therein, provided the same are not of such nature as to materially adversely affect the validity of title to or the value, marketability or use of the property subject thereto;

(iii)

liens for taxes either not due and payable or due but for which notice of assessment has not been given;

(iv)

undetermined or inchoate liens, charges and privileges incidental to current construction or current operations and encumbrances claimed or held by any regulatory authority that have not at the time been filed or registered against the title to the asset or served upon the Vendor pursuant to law or that relate to obligations not due or delinquent;

(v)

assignments of insurance provided to landlords (or their mortgagees) pursuant to the terms of any lease and liens or rights reserved in any lease for rent or for compliance with the terms of such lease; and

(vi)

security given in the ordinary course of the Business to any regulatory authority, other than security for borrowed money.

SECTION 2.20  Real Property .  Neither the Division nor the Corporation owns or has ever owned, directly or indirectly, any real property.

SECTION 2.21  Intellectual Property Rights .  

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(a)

Except as set forth in Schedule 2.21, the Intellectual Properties (as defined below) used in whole or in part in, or required for the carrying on of the Business in the manner heretofore carried on and to be carried on after Closing as currently contemplated will, as of the Closing Date, be owned by, or validly licensed to, the Corporation, and any such licenses will give the Corporation the sole and exclusive right to use such Intellectual Property. To the Corporation’s knowledge, all registrations and filings necessary to preserve the rights of the Corporation in the Intellectual Properties have been or, as of the Closing Date, will be made and are in good standing and neither the conduct of the Business nor the Intellectual Properties of the Division infringe upon the Intellectual Properties of any other person.

(b)

Neither the Corporation nor the Division has received any communications alleging that the Corporation or the Division has violated or, by conducting its Business, would violate any of the patents, trademarks, service marks, trade names, copyrights or trade secrets or other proprietary rights of any other person, nor is the Corporation aware of any basis therefore.  

(c)

To the Corporation’s knowledge, (i) no employee of the Division or the Corporation is obligated under any contract (including licenses, covenants or commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency, that would interfere with his or her duties to the Corporation or that would conflict with the Business; and (ii) it will not be necessary to utilize any inventions, trade secrets or proprietary information of any employee of the Division or the Corporation made prior to their employment by the Division or the Corporation, except for inventions, trade secrets or proprietary information that will be assigned to the Corporation as of the Closing Date.

For purposes of this Agreement, “Intellectual Properties” means all right, title, interest and benefit in Canada, the United States and world-wide, in and to any and all:

 

(a)

registered or unregistered trademarks, trademark applications, trademark renewals, business names, service marks, trade names, domain names and the goodwill pertaining thereto;

(b)

inventions, designs, methods, processes and apparatuses, patent applications, patents, continuations, continuations-in-part, divisionals, renewals, extensions, re-issues;

(c)

copyright works; copyright applications, computer software and source code;

(d)

industrial designs;

(e)

know-how, trade secrets, formulas, algorithms, processes, data; and

(f)

licenses, sublicenses, franchises.

SECTION 2.22  Compliance with Laws; Permits .  Each of the Division and the Corporation has complied with and is in compliance with all applicable laws, rules, regulations and orders applicable to the Business except where failure to do so would not have a material adverse effect on the Corporation or the Business.  As of the Closing Date, the Corporation will have all permits, licenses and other authorizations required in the conduct of the Business as presently conducted.  There is no existing law, rule, regulation or order, and the Corporation is not aware of any proposed law, rule, regulation or order, whether United States or Canadian federal, state, provincial, county or local, which would prohibit or restrict the Corporation from, or otherwise materially adversely affect the Corporation in, conducting the Business in any jurisdiction in which it is now conducting business or in which it proposes to conduct business.
 

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SECTION 2.23  Litigation .  There is no court, administrative, regulatory or similar proceeding (whether civil, quasi-criminal or criminal); arbitration or other dispute settlement procedure; investigation or inquiry by any governmental, administrative, regulatory or similar body; or any similar matter or proceeding (collectively “proceedings”) against or involving the Division, the Corporation or any of their assets (whether in progress or threatened) and no event has occurred, to the knowledge of the Corporation, which might give rise to any proceedings and there is no judgment, decree, injunction, rule, award or order of any court, government department, board, commission, agency, arbitrator or similar body outstanding against any the Division or the Corporation or in respect of any of their assets. To the knowledge of the Corporations, no complaint, grievance, claim, work order or investigation has been filed, made or commenced against either the Division or the Corporation under the Ontario Human Rights Code, the Occupational Health & Safety Act, the Workplace Safety and Insurance Act (Ontario), the Employment Standards Act or the Pay Equity Act, in each case of the Province of Ontario, or any similar legislation of Canada, the Province of Ontario or of any other jurisdiction.

 

 

 

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SECTION 2.24  Environmental Matters ..

(a)

The business and operations carried on by the Division are in material compliance with all Environmental Laws except to the extent that any such non-compliance would not have a material adverse effect on the Corporation.  Neither the Division nor the Corporation has any material contingent liability of which the Corporation has actual knowledge or reasonably should have knowledge in connection with any release of any Hazardous Materials on or into the Environment or generates, transports, treats, stores or disposes of any Hazardous Materials on any of the Premises in contravention of applicable Environmental Laws, except to the extent such release is in compliance with all applicable Environmental Laws or to the extent such non-compliance, if any, would not have a material adverse effect on the Corporation.  No underground storage tanks or surface impoundments containing a Hazardous Material are known to be located on any of the Premises in contravention of applicable Environmental Laws, except to the extent that any such contravention would not have a material adverse effect on the Corporation.

(b)

In this Section:

(i)

“Environment” means the ambient air, all layers of the atmosphere, surface water, underground water, all land, all living organisms and the interacting natural systems that include components of air, land, water, organic and inorganic matter and living organisms, and includes indoor spaces;

(ii)

“Environmental Law” means all applicable federal, provincial, municipal or local statutes, regulations, by-laws, orders or rules, and any policies or guidelines of any governmental or regulatory body or agency, and any requirements or obligations arising under the common law, relating to the Environment and the transportation of dangerous goods and occupational health and safety and the term “applicable” with respect to those Environmental Laws, means that those laws that apply to the Division, the Corporation or the Business and emanate from a person having jurisdiction over any of the Division, the Corporation or the Business;

(iii)

“Hazardous Material” means any substance or material which under any Environmental Law is defined to be “hazardous”, “toxic”, “deleterious”, “caustic”, “dangerous”, a “contaminant”, a “pollutant”, a “dangerous good”, a “waste”, a “source of contamination” or a source of a “pollutant”
 

(iv)

“Premises” means all real property, buildings and facilities, including any part of any property, building or facility, owned, leased, or operated by the Division or the Corporation.

SECTION 2.25  Tax Matters  .

(a)  The Corporation has filed all tax returns required to be filed by it in all applicable jurisdictions and has paid all Governmental Charges (as defined below) required to be paid by it.  Adequate provision has been made in the Financial Statements for all Governmental Charges, and all professional fees related thereto, payable in respect of the Business or assets of the Division or the Corporation (as applicable) or otherwise for all periods up to December 31, 2006.

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For the purposes of this Agreement, “Governmental Charges” means all taxes, levies, assessments, reassessments and other charges together with all related penalties, interest and fines, due and payable to any Governmental Body.

(b)  There are no proceedings in progress, pending or threatened against or in respect of the Division or the Corporation in respect of any Governmental Charges and, in particular, there are no currently outstanding reassessments or written enquiries which have been issued to, or raised in respect of, the Division or the Corporation by any Governmental Body relating to any Governmental Charges.

(c)  The Division has withheld or collected and remitted all amounts required to be withheld or collected and remitted by it in respect of any Governmental Charges.

SECTION 2.26  Employee Benefit Plans .

Schedule 2.26 lists all:

(a)

written or formal employee benefit, pension or other plans or group arrangements involving direct or indirect compensation (not including any government-mandated programs), in each case currently or previously maintained or contributed to for the benefit of any employee or former employee of the Division or under which the Division or the Corporation has or may have any present or future obligation or liability (collectively, the “Employee Plans”); and

(b)

plans or group arrangements (written or oral) providing for insurance coverage (including any self-insured arrangements), workers’ compensation, disability benefits, supplemental unemployment benefits, vacation benefits, retirement benefits, deferred compensation, profit-sharing, bonuses, stock options, stock appreciation, or other forms of incentive compensation, insurance or benefits (collectively, the “Benefit Arrangements”) which (i) are not Employee Plans, (ii) are maintained or contributed to by the Division, and (iii) cover any employee or former employee of the Division.

SECTION 2.27  Labour Agreements and Actions .

(a)  Neither the Division nor the Corporation is a party to or is bound by any:

(i)

oral or written agreement or commitment for the employment or retainer of any individual, including, for greater certainty, any agreement or commitment with directors, officers, employees, independent contractors or agents;

(ii)

oral or written agreement or commitment providing for severance, termination or similar payments, including on a change of control; or

(iii)

agreement with or commitment to any trade union, council of trade unions, employee bargaining agent or affiliated bargaining agent (collectively called “labour representatives”) and neither the Division nor the Corporation has conducted negotiations with respect to any future agreements or commitments; no labour representatives hold bargaining rights with respect to any employees of the Division; no labour representatives have applied to have the Division declared a related employer under the Labour Relations Act (Ontario); and there are no current or threatened attempts to organize or establish any trade union or employee association with respect to the Division, the Corporation or the Business.

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(b)  There is no work stoppage or other concerted action, grievance or dispute existing or threatened against any of the Division, the Corporation or the Business.

(c)  To the knowledge of the Corporation, no officer or key employee, or group of key employees, intends to terminate their employment with the Division or not accept employment with the Corporation on substantially the same terms and conditions as his or her current employment arrangements.  Neither the Division nor the Corporation has a present intention to terminate the employment of any of the foregoing.

SECTION 2.28  Insurance .  All physical assets of the Division are covered by fire and other insurance with responsible insurers against those risks and in those amounts as are reasonable for prudent owners of comparable assets.  Schedule 2.28 sets out particulars of all the insurance policies held by the Division, including the name of the insurer, the risks insured against, the amount of coverage and the amount of any deductible applicable to that coverage, and each such policy shall be transferred to and assumed by the Corporation effective the Closing Date (or otherwise maintained for the benefit of the Corporation).  No other insurance is necessary to the conduct of the Business or would be considered to be desirable by a prudent person operating a business similar to the Business.  The Division is not in default with respect to any of the provisions contained in any such policies of insurance or has failed to give any notice or pay any premium or present any claim under any such insurance policy

SECTION 2.29  Registration Rights .  Except as provided in the Registration Rights Agreement, the Corporation has not granted or agreed to grant any registration rights, including piggyback rights, to any person or entity.

SECTION 2.30  Non Arm’s Length Transactions .

(a)  Except as set out in Schedule 2.30 or the Financial Statements and except for contracts of employment, neither the Division nor the Corporation has made any payment or loan to, or borrowed any monies from or is otherwise indebted to, or is a party to any other agreement with, any officer, director, employee, shareholder or any other person on any basis other than arm’s length (within the meaning of the Income Tax Act (Canada)) or any affiliate of any of the foregoing.

(b)  No officer, director, employee, shareholder or any other person with whom either the Division or the Corporation is not dealing at arm’s length (within the meaning of the Income Tax Act (Canada)) or any affiliate of any of the foregoing has, to the knowledge of the Corporation, any direct or indirect ownership interest in any firm or corporation with which the Division has a business relationship, or any firm or corporation which competes with the Business, except that officers, directors, employees and shareholders of the Corporation may own up to 5% of the outstanding voting stock in any such firm or corporation where such stock is publicly traded.

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SECTION 2.31  Disclosure .  The Corporation has provided each Purchaser with all the information that such Purchaser has requested to assist the Purchaser in deciding whether to purchase the Purchased Shares.  No representation or warranty of the Corporation contained in this Agreement contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained in this Agreement not misleading in light of the circumstances under which they were made.  There is no fact regarding the Division or the Corporation of which the Corporation is aware and which the Corporation has not disclosed or caused to be disclosed which could result in a material adverse change in the Business.  

SECTION 2.32  Reliance .  The representations and warranties in this Article II are made with the knowledge and expectation that the Purchasers are placing reliance thereon.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF 

SUNOPTA

SunOpta hereby represents and warrants to the Purchasers that the statements contained in this Article III are true, correct and complete.

 

SECTION 3.01  Incorporation and Status .  SunOpta is duly incorporated and organized, and is validly existing and up to date in the filing of all corporate and similar returns under the laws of its jurisdiction of incorporation.

SECTION 3.02  Corporate Power . SunOpta has the corporate power and capacity to (i) own or lease its assets and to carry on its business as its business is currently conducted; (ii) enter into, perform its obligations under and consummate the transactions contemplated by this Agreement and the Warrant Certificates; and (iii) to issue and deliver the Purchased Warrants and the Warrant Shares upon exercise of the Purchased Warrants in accordance with the terms and conditions of the Warrant Certificates (as defined below).

SECTION 3.03  Capitalization .  The authorized share capital of SunOpta consists of an unlimited number of common shares and an unlimited number of special shares issuable in series, of which 62,995,134 common shares and no special shares are issued and outstanding as of the date hereof.
 

SECTION 3.04  Purchased Warrants .  The terms and conditions of the Purchased Warrants will be as set out in the form of certificate representing Warrants attached as Exhibit F (the “Warrant Certificates”).  

SECTION 3.05  Qualification; Good Standing .  As of the Closing Date, SunOpta shall be duly registered, licensed or qualified as an extra-provincial or foreign corporation in each jurisdiction in which such registration is required in order to conduct of its business as currently, conducted, except where the failure to do so would not have a material adverse effect on SunOpta or its business.

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SECTION 3.06  Corporate Authorization; Enforceability .
 

(a)  Each of this Agreement and the Warrant Certificates to be delivered by SunOpta at the Closing have been duly authorized by SunOpta.  This Agreement has been duly executed and delivered by SunOpta and is a valid and binding obligation of SunOpta, enforceable in accordance with its terms, subject to the usual exceptions as to bankruptcy and the availability of equitable remedies.  At the Closing, the Warrant Certificates to be delivered by SunOpta at the Closing will be duly executed and delivered by SunOpta, and will be valid and binding obligations of SunOpta, enforceable in accordance with their terms, subject to the usual exceptions as to bankruptcy and the availability of equitable remedies.  

(b)  The issuance, sale and delivery of the Purchased Warrants and the issuance and delivery of the Warrant Shares upon exercise of the Purchased Warrants in accordance with the terms of the Warrant Certificates have been duly authorized by all requisite corporate action of SunOpta and will not violate any provision of law, any order of any court or other agency of government, the articles or the bylaws of SunOpta, or any provision of any indenture, agreement or other instrument to which SunOpta or any of its properties or assets is bound, or conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such indenture, agreement or other instrument, or result in the creation or imposition of any lien, charge, restriction, claim or encumbrance of any nature whatsoever upon any of the properties or assets of SunOpta.

(c)  When issued in accordance with this Agreement, the Purchased Warrants will be validly issued with no personal liability attaching to the ownership thereof and will be free and clear of all liens, charges, restrictions, claims and encumbrances imposed other than restrictions on transfer applicable federal, provincial and state securities laws.  The Warrant Shares have been duly reserved for issuance upon exercise of the Purchased Warrants and, when so issued, will be duly authorized, validly issued, fully paid and non-assessable shares with no personal liability attaching to the ownership thereof and will be free and clear of all liens, charges, restrictions, claims and encumbrances imposed other than restrictions on transfer under applicable federal, provincial and state securities laws.  None of the issuance, sale or delivery of the Purchased Warrants or the issuance or delivery of the Warrant Shares is subject to any preemptive right of the shareholders of SunOpta or to any right of first refusal or other right in favor of any person.

SECTION 3.07  No Conflict .  Neither the entering into of any of this Agreement by SunOpta nor the performance by SunOpta of any of its obligations under this Agreement or the Warrant Certificates will contravene, breach or result in any default under the articles, bylaws, constituting documents or other organizational documents of SunOpta or contravene, breach, result in any default or give rise to any right of termination, cancellation, acceleration or payment under any mortgage, lease, agreement, other legally binding instrument, or Governmental Authorization to which SunOpta is by which SunOpta is bound.

SECTION 3.08 Approvals and Consents .  Except for (i) the approval of the Toronto Stock Exchange of the issuance of the Purchased Warrants and the Warrant Shares, which approval shall be obtained prior to the Closing Date; (ii) any filings required pursuant to applicable securities laws, which filings will be effected within the required statutory period; and (iii) any other filings required under applicable laws, which filings will be timely filed within the applicable periods therefor, no Governmental Authorization or authorization, consent, approval of, order, registration, qualification, designation, declaration or filing with or notice to any other person or federal, state or local governmental authority is required in connection with the execution, delivery or performance of this Agreement by SunOpta or the offering, sale and purchase of the Purchased Warrants under this Agreement.

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SECTION 3.09  Offering .  Subject in relevant part to the truth and accuracy of each Purchaser’s representations set forth in Article IV, the offer, sale and issuance of the Purchased Warrants as contemplated by this Agreement to such Purchaser and the issuance and delivery of the Warrant Shares issuable upon conversion of the Purchased Warrants, are exempt from prospectus and registration requirements under applicable securities laws.  Neither SunOpta nor any authorized agent acting on its behalf will take any action hereafter that would cause the loss of such exemptions.

SECTION 3.10  Reliance .  The representations and warranties in this Article III are made with the knowledge and expectation that the Purchasers are placing reliance thereon.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS

SECTION 4.01  Representations.  Each Purchaser severally represents and warrants to each of the Corporation and SunOpta that:  

(a)

it was not organized for the specific purpose of acquiring the Purchased Units;

(b)

it has sufficient knowledge and experience in investing in companies similar to the Corporation in terms of the Corporation’s stage of development so as to be able to evaluate the risks and merits of its investment in the Corporation and it is able financially to bear the risks associated with the purchase of the Purchased Units; and such Purchaser’s financial condition is such that it is able to bear the risk of holding the Purchased Units for an indefinite period of time and can bear the loss of its entire investment in the Corporation;

(c)

it has had an opportunity to discuss the Corporation’s business, management and financial affairs with the Corporation’s management and management has made available to each Purchaser any and all written information which it has requested and has answered to such Purchaser’s satisfaction all inquiries made by such Purchaser and with respect to individual or other tax and other economic considerations involved in this investment, and the Purchaser acknowledges that any documents pertaining to this investment of which it has been made aware have been made available for inspection by the Purchaser and the Purchaser’s attorney, account or other advisor(s);

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(d)

the Purchased Units being purchased by it are being acquired for its own account for the purpose of investment and not with a view to or for sale in connection with any distribution thereof;

(e)

the purchase of the Purchased Units has not been made through or as a result of, and the issue and sale of the Purchased Units is not being accompanied by, an advertisement in printed media of general and regular paid circulation, on radio, television or telecommunications, including electronic display, and no prospectus, registration statement or offering memorandum within the meaning of applicable laws has been delivered to any Purchaser in connection with the purchase and sale of the Purchased Units;

(f)

it understands that (i) the Purchased Units, the Conversion Shares and the Warrant Shares have not been registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) by reason of their issuance in a transaction exempt from the registration requirements of the U.S. Securities Act pursuant to Section 4(2) thereof or Rule 505 or 506 promulgated under the U.S. Securities Act, (ii) the Purchased Units, the Conversion Shares and the Warrant Shares constitute “restricted securities” under the U.S. Securities Act, (iii) the Purchased Units, the Conversion Shares issuable upon conversion of the Purchased Shares and the Warrant Shares issuable upon exercise of the Purchased Warrants must be held indefinitely unless a subsequent disposition thereof is registered or otherwise in compliance under the U.S. Securities Act and/or applicable Canadian securities laws or is exempt from such registration, and (iv) the Corporation or SunOpta, or the transfer agent of either of them, will make a notation on its transfer books to such effect;

(g)

it understands that in addition to any legend setting forth transfer restrictions under Canadian securities laws, each certificate evidencing Purchased Units shall bear a legend substantially similar to the following:

(1)

If the Purchaser is a U.S. Person (as defined in subsection 4.02(b)(ii)):

 

“THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS.  THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 PROMULGATED UNDER THE ACT.  ANY SUCH TRANSFER MAY ALSO BE SUBJECT TO APPLICABLE STATE SECURITIES LAWS.”

 

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(2)

If the Purchaser is not a U.S. Person:

 

“THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS.  THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED, EXCEPT IN COMPLIANCE WITH REGULATION S UNDER THE ACT, IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED, OR UNLESS SOLD PURSUANT TO RULE 144 PROMULGATED UNDER THE ACT OR IN ACCORDANCE WITH APPLICABLE CANADIAN SECURITIES LAWS.  ANY SUCH TRANSFER MAY ALSO BE SUBJECT TO APPLICABLE STATE SECURITIES LAWS.  HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT.”

 

and

 

in the case of the Purchased Shares: “UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER THE LATER OF (I) [THE CLOSING DATE], AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY.”

 

and

 

in the case of the Purchased Warrants and Warrant Shares (if the Purchased Warrants are expired prior to the date that is four months and a day after the Closing Date): “UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE [THE DATE THAT IS 4 MONTHS AND A DAY AFTER THE CLOSING DATE].”

(h)

If the Purchaser is a resident of a country other than Canada or the United States (an “International Jurisdiction”) then in addition to the other representations and warranties contained herein, the Purchaser represents and warrants that:

(i)

the Purchaser is knowledgeable of, or has been independently advised as to, the applicable securities laws of the International Jurisdiction which would apply to this Agreement, if any;

(ii)

the Purchaser is purchasing the Purchased Units pursuant to exemptions from any prospectus, registration or similar requirements under the applicable securities laws of that International Jurisdiction or, if such is not applicable, the Purchaser is permitted to purchase the Purchased Units under the applicable securities laws of the International Jurisdiction without the need to rely on an exemption;

(iii)

the applicable securities laws do not require the Corporation or SunOpta to file a prospectus, registration statement or similar document or to register the Purchased Shares or Purchased Warrants, respectively, or to make any filings or seek any approvals of any kind whatsoever from any regulatory authority of any kind whatsoever in the International Jurisdiction; and
 

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(iv)

the issue, sale and delivery of the Purchased Units complies with all applicable laws of the Purchaser’s jurisdiction of residence or domicile and all other applicable laws and will not cause the Corporation to become subject to or comply with any disclosure, prospectus or reporting requirements under any such applicable laws; and

(i)

all corporate, personal or other action on the part of each Purchaser necessary for the authorization, execution and delivery of this Agreement and the other Transaction Agreements and for the performance of all obligations of the Purchasers hereunder and thereunder has been taken.  This Agreement has been, and the other Transaction Agreements will be, duly executed and delivered by the Purchasers and will constitute valid and legally binding obligations of the Purchasers, enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization and moratorium laws and other laws of general application affecting enforcement of creditors’ rights generally.

SECTION 4.02  Further Representations.

(a)

Each Purchaser represents that such Purchaser is an “accredited investor” within the definition set forth in Rule 501(a) under the U. S. Securities Act and, as applicable, an “accredited investor” within the meaning of National Instrument 45-106 of the Canadian Securities Administrators.

(b)

Each Purchaser that is not a U.S. Person represents that:

 

(i)

Such Purchaser is not acquiring the Purchased Units being issued hereunder for the account or benefit of a U.S. Person; and no offer relating to the Purchased Units was made to such Purchaser in the United States and, at the time of execution by such Purchaser or on behalf of such Purchaser of this Agreement and any Closing, such Purchaser will be outside the United States.  For purposes of this Section 4.02, “United States” means the United States of America, its territories and possessions, any state of the United States and the District of Columbia; and “U.S. Person” means: (i) any natural person resident in the United States; (ii) any partnership or corporation organized or incorporated under the laws of the United States; (iii) any estate of which any executor or administrator is a U.S. Person; (iv) any trust of which any trustee is a U.S. Person; (v) any agency or branch of a foreign entity located in the United States; (vi) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. Person; (vii) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (viii) any partnership or corporation if: (A) organized or incorporated under the laws of any foreign jurisdiction; and (B) formed by a U.S. Person principally for the purpose of investing in securities not registered under the U.S. Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the U.S. Securities Act) who are not natural persons, estates or trusts; provided, however, the following are not “U.S. Persons”: (i) any discretionary account or similar account (other than an estate or trust) held for the benefit or account of a non-U.S. Person by a dealer or other professional fiduciary organized, incorporated, or (if an individual) resident in the United States; (ii) any estate of which any provisional fiduciary acting as executor or administrator in a U.S. Person if: (A) an executor or administrator of the estate who is not a U.S. Person has sole or shared investment discretion with respect to the assets of the estate; and (B) the estate is governed by foreign law; (iii) any trust of which any professional fiduciary acting as trustee is a U.S. Person, if a trustee who is not a U.S. Person has sole and shared investment discretion with respect to the trust assets, and no beneficiary of the trust (and no settlor if the trust is revocable) is a U.S. Person; (iv) an employee benefit plan established and administered in accordance with the law of a country other than the United States and customary practices and documentation of such country; (v) any agency or branch of a U.S. Person located outside the United States if: (A) the agency or branch operates for valid business reasons; and (B) the agency or branch is engaged in the business of insurance or banking and is subject to substantive insurance or banking regulation, respectively, in the jurisdiction where located; and; (vi) the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank, the United Nations, and their agencies, affiliates and pension plans, and any other similar international organizations, their agencies, affiliates and pension plans.

 

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(ii)

Such Purchaser agrees that it, she or he will resell the Purchased Units being issued hereunder only in accordance with Regulation S under the U.S. Securities Act, pursuant to an effective registration statement under the U.S. Securities Act or pursuant to an available exemption from the registration requirements of the U.S. Securities Act or otherwise in accordance with applicable Canadian securities laws; and further agrees not to engage in hedging transactions with regard to the Purchased Units being issued hereunder unless in compliance with the U.S. Securities Act or applicable Canadian securities laws.

 

ARTICLE V

CONDITIONS TO THE OBLIGATIONS OF THE PURCHASERS

The obligation of each Purchaser to purchase and pay for the Purchased Units being purchased by it on the Closing Date, is, at its option, subject to the satisfaction, on or before the Closing Date, of the following conditions set forth in this Article V below:

 

SECTION 5.01  Opinion of Counsel.  The Purchasers shall have received from Wildeboer Dellelce LLP, Canadian counsel for the Corporation and SunOpta, an opinion dated the Closing Date, in the form attached hereto as Exhibit D.  

SECTION 5.02  Representations and Warranties to be True and Correct.  Except to the extent that a particular representation or warranty speaks as of a certain date, the representations and warranties contained in Article II (in respect of the Corporation) and Article III (in respect of SunOpta) shall be true, complete and correct on and as of the Closing Date, with the same effect as though such representations and warranties had been made on and as of such date, and the President of the Corporation and the President of SunOpta, respectively, shall have certified to such effect to the Purchasers in writing.

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SECTION 5.03  Performance.  Each of the Corporation and SunOpta shall have performed and complied with all agreements contained herein required to be performed or complied with by it prior to or at the Closing Date, and the President of the Corporation and the President of SunOpta, respectively, shall have certified to the Purchasers in writing to such effect and to the further effect that all of the conditions set forth in this Article V have been satisfied.

SECTION 5.04  All Proceedings to be Satisfactory.  All corporate and other proceedings to be taken by the Corporation and SunOpta in connection with the transactions contemplated hereby and by the Asset Purchase Agreement, as applicable, and all documents incidental hereto and thereto shall be reasonably satisfactory in form and substance to the Lead Purchaser, and the Lead Purchaser shall have received all such counterpart originals or certified or other copies of such documents as it reasonably may request.

SECTION 5.05  Purchase by Other Purchasers.  Each Purchaser shall have purchased and paid for the Purchased Units being purchased by it on the Closing Date in accordance with the terms of this Agreement.
 

SECTION 5.06  Supporting Documents.  The Purchasers and their counsel shall have received copies of the following documents:

(a)

a certificate of compliance issued by Industry Canada official dated as of a recent date as to the due incorporation and good standing of the Corporation;

(b)

a certificate of the Secretary or an Assistant Secretary of the Corporation dated the Closing Date and certifying:  (i) that attached thereto is a true and complete copy of the Amended Articles and the bylaws of the Corporation as in effect on the date of such certification; (ii) that attached thereto is a true and complete copy of all resolutions adopted by the Board of Directors and the shareholders of the Corporation authorizing the execution, delivery and performance of the Transaction Agreements, the issuance, sale and delivery of the Purchased Shares and the reservation, issuance and delivery of the Conversion Shares, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated by the Transaction Agreements; (iii) that the Amended Articles (as attached thereto) are in full force and effect, unamended, to the date thereof, and that no proceedings have been taken or are pending to amend, supplement, surrender or cancel the Amended Articles as at the date thereof; and (iv) to the incumbency and specimen signature of each officer of the Corporation executing any of the Transaction Agreements, the share certificates representing the Purchased Shares and any certificate or instrument furnished pursuant hereto, and a certification by another officer of the Corporation as to the incumbency and signature of the officer signing the certificate referred to in this clause (b);
 

(c)

a certificate of compliance issued by Industry Canada official dated as of a recent date as to the due incorporation and good standing of each of SunOpta;

(d)

a certificate of the Secretary or an Assistant Secretary of SunOpta dated the Closing Date and certifying:  (i) that attached thereto is a true and complete copy of the articles and the bylaws of SunOpta as in effect on the date of such certification; (ii) that attached thereto is a true and complete copy of all resolutions adopted by the Board of Directors of SunOpta authorizing the execution, delivery and performance of this Agreement, the issuance, sale and delivery of the Purchased Warrants and the reservation, issuance and delivery of the Warrant Shares, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated by this Agreement; and (iii) to the incumbency and specimen signature of each officer of the Corporation executing this Agreement, the share certificates representing the Purchased Warrants and any certificate or instrument furnished pursuant hereto, and a certification by another officer of the Corporation as to the incumbency and signature of the officer signing the certificate referred to in this clause (c); and

- 23 -

(e)

such additional supporting documents and other information with respect to the operations and affairs of the Corporation as the Lead Purchaser may reasonably request.

SECTION 5.07  Transaction Agreements.  The Asset Purchase Agreement substantially in the form of Exhibit A attached hereto shall have been executed and delivered by SunOpta and the Corporation and the Asset Acquisition contemplated thereby shall have been completed substantially in accordance with the Asset Purchase Agreement.  The Unanimous Shareholders Agreement substantially in the form of Exhibit B attached hereto shall have been executed and delivered by the Corporation and each of the Purchasers such that the Unanimous Shareholders Agreement is effective in accordance with its terms.  The Registration Rights Agreement substantially in the form of Exhibit C attached hereto shall have been executed and delivered by the Corporation and each of the Purchasers such that the Registration Rights Agreement is effective in accordance with its terms.

SECTION 5.08  Director Indemnification.  The Corporation shall have provided evidence of directors and officers insurance in an aggregate amount reasonably acceptable to the Lead Purchaser and each member of the Board of Directors shall have been provided a Director Indemnification Agreement substantially in the form of Exhibit E.

ARTICLE VI

CONDITIONS OF THE CORPORATION’S AND SUNOPTA’S OBLIGATIONS AT CLOSING

The obligations of the Corporation and SunOpta under Article I of this Agreement are subject to the fulfillment on or before the Closing of each of the following conditions unless waived by the Corporation:

 

SECTION 6.01  Representations and Warranties.  The representations and warranties of the Purchasers contained in Article IV shall be true and correct on and as of the date of the Closing with the same effect as though such representations and warranties had been made on and as of the Closing Date.

 

SECTION 6.02  Payment of Purchase Price.  The Purchasers shall have delivered payment of the aggregate purchase price for the Purchased Units to be purchased by them at the Closing as set forth in Article I.

- 24 -

SECTION 6.03  Transaction Agreements.  The Asset Purchase Agreement substantially in the form of Exhibit A attached hereto shall have been executed by the Corporation and SunOpta and delivered to the other party thereto and the Asset Acquisition contemplated thereby shall have been completed substantially in accordance with the Asset Purchase Agreement.  The Unanimous Shareholders Agreement substantially in the form of Exhibit B attached hereto shall have been executed and delivered by each of the Purchasers such that the Unanimous Shareholders Agreement is effective in accordance with its terms.  The Registration Rights Agreement substantially in the form of Exhibit C attached hereto shall have been executed and delivered by each of the Purchasers such that the Registration Rights Agreement is effective in accordance with its terms.

SECTION 6.04  Proceedings and Documents.  All corporate and other proceedings in connection with the transactions contemplated at the Closing and all documents incidental thereto shall be reasonably satisfactory in form and substance to the Corporation, SunOpta and the their counsel, and they shall have received all such counterpart original and certified or other copies of such documents as they may reasonably request.

ARTICLE VII

COVENANTS OF THE CORPORATION

The Corporation covenants and agrees with each of the Purchasers that:

 

SECTION 7.01  Restrictive Agreements Prohibited.  Neither the Division nor the Corporation shall become a party to any agreement which by its terms restricts the Corporation’s performance of any of the Transaction Agreements or the requirements of the Amended Articles.  

SECTION 7.02  Use of Proceeds.  The Corporation shall use the proceeds from the sale of the Purchased Shares to fund investments in cellulosic ethanol plants, for working capital, to fund research and development, for associated transaction costs and for repayment of inter-company debt payable to SunOpta.  

SECTION 7.03  Keeping of Records and Books of Account.  The Corporation shall keep adequate records and books of account, in which complete entries will be made in accordance with generally accepted accounting principles consistently applied, reflecting all financial transactions of the Corporation, and in which, for each fiscal year, all proper reserves for depreciation, depletion, obsolescence, amortization, taxes, bad debts and other purposes in con­nection with its business shall be made.

- 25 -

ARTICLE VIII

MISCELLANEOUS

SECTION 8.01  Expenses.  Each party hereto will pay its own expenses in connection with the transactions contemplated hereby, whether or not such transactions shall be consummated.  

SECTION 8.02  Survival of Agreements.  All covenants, agreements, representations and warranties made in this Agreement or any certificate or instrument delivered to the Purchasers pursuant to or in connection with this Agreement, shall survive the execution and delivery of this Agreement, the issuance, sale and delivery of the Purchased Units and the issuance and delivery of the Conversion Shares and Warrant Shares for a period of eighteen (18) months following the Closing Date, and all statements contained in any certificate or other instrument delivered by the Corporation or SunOpta hereunder or thereunder, or in connection herewith or therewith, shall be deemed to constitute representations and warranties made by the Corporation or SunOpta, as applicable.  

SECTION 8.03  Brokerage.  Each party hereto will indemnify and hold harmless the others against and in respect of any claim for brokerage or other commissions relative to this Agreement or to the transactions contemplated hereby, based in any way on agreements, arrangements or understandings made or claimed to have been made by such party with any third party.  

SECTION 8.04  Parties in Interest.  All representations, covenants and agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not.  Without limiting the generality of the foregoing, all representations, covenants and agreements benefiting the Purchasers shall inure to the benefit of any and all subsequent holders from time to time of Purchased Units or Conversion Shares.  

SECTION 8.05  Notices.  All notices, requests, consents and other communications hereunder shall be in writing and shall be delivered in person, mailed by certified or registered mail, return receipt requested, or sent by telecopier, addressed as follows:
 

(a)

if to the Corporation, at 2838 Bovaird Drive West, Brampton, Ontario, Canada L7A 0H2, Attention: President and Chief Executive Officer, Telecopier: (905) 455-2529, with a copy to Wildeboer Dellelce LLP, Suite 800, Wildeboer Dellelce Place, 365 Bay Street, Toronto, Ontario M5H 2V1, Attention: Troy Pocaluyko; Telecopier: (416) 361-1790;
 

(b)

if to SunOpta, at 2838 Bovaird Drive West, Brampton, Ontario, Canada L7A 0H2, Attention: Chief Financial Officer, with a copy to Wildeboer Dellelce LLP, Suite 800, Wildeboer Dellelce Place, 365 Bay Street, Toronto, Ontario M5H 2V1, Attention: Troy Pocaluyko; Telecopier: (416) 361-1790; and
 

(c)

if to any Purchaser, at the address of such Purchaser set forth in Schedule I;

- 26 -

or, in any such case, at such other address or addresses as shall have been furnished in writing by such party to the others.  

 

SECTION 8.06  Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario, without giving effect to the principles of conflicts of law.

SECTION 8.07  Entire Agreement.  This Agreement, including the Schedules and Exhibits hereto, constitutes the sole and entire agreement of the parties with respect to the subject matter hereof.  All Schedules and Exhibits hereto are hereby incorporated herein by reference.  

SECTION 8.08  Counterparts.  This Agreement may be executed in two or more counterparts (including by facsimile), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  

SECTION 8.09  Amendments.  This Agreement may not be amended or modified, and no provisions hereof may be waived, without the written consent of the Corporation and Purchasers holding or proposing to acquire at least sixty-six and two-thirds percent (66-2/3%) of the Purchased Shares.  Any amendment, termination or waiver effected in accordance with this Section 8.09 shall be binding upon each holder of any Purchased Shares that is a party hereto even if they do not execute such consent, each future holder of all such  and the Corporation; provided, that such amendment, termination or waiver applies to all Purchasers in the same fashion.  Promptly after any amendment, termination or waiver effected in accordance with this Section 8.09, the Corporation shall give notice of such amendment, termination or waiver to each Purchaser that did not consent in writing thereto.  No waivers of or exceptions to any term, condition or provision of this Agreement, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such term, condition or provision

SECTION 8.10  Severability.  If any provision of this Agreement shall be declared void or unenforceable by any judicial or administrative authority, the validity of any other provision and of the entire Agreement shall not be affected thereby.

SECTION 8.11  Titles and Subtitles.  The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting any term or provision of this Agreement.

- 27 -

SECTION 8.12  Advisors. Each of the parties to this Agreement acknowledge and agree that Wildeboer Dellelce LLP has acted as counsel only to the Corporation and SunOpta and that Canaccord Capital Corporation and National Bank Financial Inc. have acted as advisor only to the Corporation and that Wildeboer Dellelce LLP, Canaccord Capital Corporation and National Bank Financial Inc. are not protecting the rights and interests of any other party to this Agreement.  The Purchasers acknowledge and agree that each of the Corporation and SunOpta has given them the opportunity to seek, and have recommended that such parties obtain, independent legal advice with respect to the subject matter of this Agreement and the Transaction Agreements and, further, each of the other parties hereby represents and warrants to the Corporation and SunOpta that such party has sought independent legal advice or waives such advice.

[Remainder of Page Intentionally Left Blank]

- 28 -

IN WITNESS WHEREOF, the Corporation, SunOpta and each of the Purchasers have executed this Agreement as of the day and year first above written.  

  	SUNOPTA BIOPROCESS INC.
	 
	 
	By: 
      __________________________________
	Name:
	Title:
	 
	 
	SUNOPTA INC.
	 
	 
	By: 
      __________________________________
	Name:
	Title:
	 
	BLACKROCK INVESTMENT
	MANAGEMENT (UK) LIMITED
	 
	 
	By: 
      __________________________________
	Name:
	Title:
	 
	 
	 
	[securities purchase
      agreement signature page]

 

- 29 -

  	TRIMARK CANADIAN RESOURCES
      FUND,
	by its manager
	AIM FUNDS MANAGEMENT INC.
	 
	 
	By: 
      __________________________________
	Name:
	Title:
	 
	 
	 
	[securities purchase agreement
      signature page]

- 30 -

  	WILDSTOIC LLC
	 
	 
	By: 
      __________________________________
	Name:
	Title:

 

[Additional Signature Pages to be Added Once Purchasers’ List is Finalized]

 

 

- 31 -

SCHEDULE I

 

Purchasers

 

	Name and Address of

Purchasers

	Number of

Purchased Shares

	Number of

Purchased Warrants

	Aggregate

Purchase Price

	BlackRock Investment Management (UK) Limited

33 King William Street

London, UK

EC4R 9A5

	

1,150,000

	

497,030

	

US$23,000,000

	Trimark Canadian Resources Fund, by its Manager, AIM Funds Management Inc.

5140 Yonge Street

Suite 900

Toronto, Ontario

M2N 6X7

	

35,000

	

15,127

	

US$700,000

	Wildstoic LLC

3033 Central Street

Evanston, Illinois

60201

	

50,000

	

21,610

	

US$1,000,000

	Rod Fuller

205 Corrie Crescent

Waterloo, Ontario

N2L 5W3

	5,000

	2,161

	US$100,000

	Wendy Strub 

317 Bushwood Court

Waterloo, Ontario

N2T 2E5

	2,500

	1,081

	US$50,000

	Peter J. Chandler

317 Bushwood Court

Waterloo, Ontario

N2T 2E5

	7,500

	3,242

	US$150,000

	Todd L. Noffke

1629 Hinman Avenue

Evanston, IL

60201

	8,000

	3,458

	US$160,000

	GWL Growth Equity Fund

31st Floor

TD Bank Tower

Toronto, Ontario

M5K 1E9

	6,419

	2,774

	US$128,380

- 32 -

	London Life Growth Equity Fund

31st Floor

TD Bank Tower

Toronto, Ontario

M5K 1E9

	25,221

	10,900

	US$504,420

	IG AGF Canadian Diversified Growth Fund

31st Floor

TD Bank Tower

Toronto, Ontario

M5K 1E9

	19,348

	8,362

	US$386,960

	IG AGF Canadian Diversified Growth Class

31st Floor

TD Bank Tower

Toronto, Ontario

M5K 1E9

	1,482

	640

	US$29,640

	AGF Canadian Growth Equity Fund

31st Floor

TD Bank Tower

Toronto, Ontario

M5K 1E9

	85,030

	36,750

	US$1,700,600

	MacKenzie Financial Corporation

150 Bloor Street West

Toronto, Ontario

M5W 3B5

	50,000

	21,610

	US$1,000,000

	Canaccord Capital Corporation

161 Bay Street

Suite 3000

Toronto, Ontario

M5J 2S1

	54,500

	23,555

	US$1,090,000Exhibit 10.1

MASTER ASSIGNMENT AGREEMENT

THIS AGREEMENT is made at __________ on this ____ day of June 2007, between Novasoft Information Technology (Europe) Limited (Co. No.3653100)  a corporation incorporated and existing under the laws of England and having its principal place of business at  7/8, Shenley Pavillions, Chalkdell Drive, Shenley Wood, Milton Keynes, MKS 6LB  (hereinafter referred to as “ the Assignor”, which expression shall mean and include its representatives, successors and permitted assigns) of the ONE PART;

AND

Intelligroup Europe Limited (Co no. 03205142) a company incorporated under the laws of England , and having its registered office at Challenge House, Sherwood Drive, Bletchley, Buckinghamshire, MK3 6DP (hereinafter referred to as “the Assignee” which expression shall mean and include its representatives, successors and permitted assigns) of the SECOND PART.

RECITALS:

WHEREAS 

1.                    The Assignor is engaged in the business of providing IT consultancy, support and such other services to its customers.

2.                    The Assignee is, inter alia, engaged in the business of providing IT consultancy, support and such other services to its customers ; and

3.                    The Assignor wishes to assign and the Assignee wishes to accept such assignment of the rights and obligations under Contracts as in Part I, Employees as under Part II and the Lease as under part III to this Agreement. Further, the Assignor also wishes to sell and transfer and the Assignee also wishes to purchase and take delivery of the Moveable Fixed Assets. 

IN CONSIDERATION of the respective representations and warranties hereinafter set forth and of the mutual covenants and agreements and Consideration contained herein  THE PARTIES HEREBY AGREE AS FOLLOWS:

	
  
1.
  	
  
PRELIMINARY
  
	
  
 
  	
  
 
  
	
  
1.1
  	
  
Definitions
  
	
  
 
  	
  
 
  
	
  
1.1.1
  	
  
“Agreement”   shall mean this agreement, annexures including any written modification and   amendment thereof signed by the Parties.
  
	
  
 
  	
  
 
  
	
  
1.1.2
  	
  
“Assignor”   shall mean Novasoft Information Technology (Europe) Limited  or its parent company namely,  NovaSoft Information Technology   Corporation, U.S.A for purposes of any and all indemnity or indemnification   provisions contained herein.
  

	
  
1.1.3
  	
  
“Contracts”   shall mean the contracts entered into with various parties by Assignor, as   identified in Schedule A including the rights and obligations arising out   of such contracts and the receivables and work in progress relating thereto.
  
	
  
 
  	
  
 
  
	
  
1.1.4
  	
  
“Customers/Consultants”   means the parties referred to in Schedule A with whom the Assignor has   entered into the Contracts, including their successors and assigns.
  
	
  
 
  	
  
 
  
	
  
1.1.5
  	
  
“Closing”   shall mean the date agreed upon by the Parties, which shall be no later than   5 business days from the date on which the last of the Conditions Precedent   set out in this Agreement are satisfied on which date the Contracts, the   Employment Agreements and the Lease Agreement stand assigned and the Moveable   Fixed Assets stand transferred in favour of the Assignee in the manner set   out in this Agreement.
  
	
  
 
  	
  
 
  
	
  1.1.6
  	
  
“Employment   Agreement” shall mean the employment agreement between each of the   Employees and the Assignor.
  
	
  
 
  	
  
 
  
	
  
1.1.7
  	
  
“Employees”   shall mean those employees of the Assignor who are immediately prior to   Closing employed by the Assignor and for the purposes of identification are   set out in Schedule E hereto.
  
	
  
 
  	
  
 
  
	
  
1.1.8
  	
  
“Leased   Premises” shall mean lease of premises between the Assignor and   the concerned landlord pursuant to the Lease Agreement dated 23rd   February 2006 in respect of the premises situate at Office Units 7 & 8,   Shenley Pavilions, Shenley more fully described in Annexure I to Schedule D   hereto.
  
	
  
 
  	
  
 
  
	
  
1.1.9
  	
  
“Moveable Fixed Assets”   shall mean the assets as per the list set out in Schedule F.
  
	
  
 
  	
  
 
  
	
  1.1.10
  	
  
“Party”   - The term “Party” shall mean the Assignor and Assignee individually and the   “Parties” shall mean the Assignor and the Assignee jointly.
  
	
  
 
  	
  
 
  
	
  
1.1.11
  	
  
“Territory”   shall mean the United Kingdom.
  
	
  
 
  	
  
 
  
	
  
1.1.12
  	
  
“Regulations”   shall mean The Transfer of Undertakings Protection of Employment) Regulations   2006
  
	
  
 
  	
  
 
  
	
  
1.2
  	
  
Rules of Interpretation
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In this   Agreement unless the context requires otherwise:
  
	
  
 
  	
  
 
  
	
  1.2.1
  	
  
references   to statutes are to the statutes in force in the United Kingdom for the time   being ;
  
	
  
 
  	
  
 
  
	
  
1.2.2
  	
  
references   to recitals and clauses are references to recitals and clauses of and to this   Agreement unless otherwise stated.
  
	
  
 
  	
  
 
  
	
  
1.2.3
  	
  
Unless the   context requires otherwise, the singular shall mean the plural and vice   versa.
  

	
  
1.3
  	
  
Headings
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The headings   in this Agreement are inserted for convenience only and shall not be taken   into account in the construction of any provision of this Agreement.
  
	
   
  	
  
 
  
	
  
2.
  	
  
ASSIGNMENT AND CONSIDERATION
  
	
  
 
  	
  
 
  
	
  
2.1
  	
  
The Assignor   hereby agrees to assign and transfer the Contracts to the Assignee on the   Closing date, free and clear of any mortgage, lien, pledge, security,   interest, conditional sales agreement or other encumbrances of any kind   whatsoever, subject to the satisfaction of the Conditions Precedent, subject   to and in accordance with the provisions of Part I of the Agreement set out   below.
  
	
  
 
  	
  
 
  
	
  
2.2
  	
  
The Assignor   hereby agrees to assign and transfer the Employees to the Assignee on the   Closing date in accordance with the provisions of Part II of the Agreement   set out below, and shall cause each of the Employees to execute an Amendment   Agreement with the Assignee substantially in the form set out in Schedule C.
  
	
  
 
  	
  
 
  
	
  
2.3
  	
  
The Assignor   hereby agrees to assign and transfer the lease of the Leased Premises to the   Assignee on the Closing date in accordance with Part III of this Agreement   set out below, and shall cause the concerned landlord of the Leased Premises   to execute an agreement in relation to the assignment of the lease   substantially in the form set out in Schedule D.
  
	
   
  	
  
 
  
	
  
2.4
  	
  
The Assignor   hereby agrees to sell and transfer the Moveable Fixed Assets to the Assignee   on the Closing date, free and clear of any lien, pledge, security, interest,   conditional sales agreement or other encumbrances of any kind whatsoever.
  
	
  
 
  	
  
 
  
	
  
2.5
  	
  
The   aggregate consideration for the assignment of the Contracts, Employment   Agreement and the Lease Agreement pursuant to Part I, II and III of this   Agreement respectively and sell and transfer of Moveable Fixed Assets, shall   be as follows–
  

	
  
 
  	
  
(i)
  	
  
USD 1.7   million to be paid upfront in cash by the Assignee to the Assignor on the   Closing, in free and clear funds without any deduction or withholding   whatsoever.
  

	
  
2.6
  	
  
In addition   to the consideration to be paid pursuant to clause 2.5 hereinabove, the   Assignee shall make payment of the following amounts to the Assignor, in free   and clear funds without any deduction or withholding whatsoever:
  
	
  
 
  	
  
 
  
	
  
2.6.1
  	
  
Within three   (3) business days of Assignee’s receipt of payment from Customer/Consultants   against the bills of Assignor, Assignee shall transfer to Assignor the amount   actually paid by the Customers/Consultants to the Assignee for the work   performed and services rendered by the Assignor to the   Contractors/Consultants pursuant to the Contracts. Assignee shall use its   best endeavor to recover Assignor’s dues from the Contractors/Consultants.   The Assignee shall provide necessary assistance to Assignor for recovery of   such dues from the Contractors/Consultants including instituting recovery   suits and other legal proceedings (at the cost of Assignor) against   Contractors/Consultants as may be required for recovery of such dues and
  

	
  
2.6.2
  	
  
the amount   of security deposit, advance rent or any other advances paid by the Assignor   to or on behalf of the landlord of the Leased Premises, as on  Closing, as certified by the Assignor and   such landlord in writing.
  
	
   
  	
  
 
  
	
  
3.
  	
  
CLOSING
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Subject to   the terms and conditions hereof, it is expected that the Closing shall take   place at the offices of the Assignee on July 15, 2007 or on such date or   place as the Parties may agree upon after the satisfaction of the Conditions   Precedent. The Parties agree that the Closing shall in any event take place   on or prior to eight (8) weeks following the execution of this Agreement   failing which this agreement shall terminate without any further act of the   Parties.
  
	
  
 
  	
  
 
  
	
  
4.
  	
  
CONDITIONS PRECEDENT FOR OBLIGATIONS
  
	
  
 
  	
  
 
  
	
  
4.1
  	
  
Conditions   Precedent for Assignee’s obligations.
  
	
  
 
  	
  
 
  
	
   
  	
  
Each of the   obligations of the Assignee to be performed under this Agreement shall be   subject to the following conditions precedent:
  

	
  
 
  	
  
(i)
  	
  
That the   Assignor and the Customers/Consultants are in compliance of their respective   material obligations to each other under the Contracts up to the date of   Closing.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
That the   Assignor has received/paid all amounts due to/by it from/to the   Customers/Consultants and that as on May 31, 2007 there are no amounts   outstanding from/to the Customers/Consultants but for the amounts due as   detailed in Schedule B hereto.
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(iii)
  	
  
That the   Contracts are valid, binding and enforceable in respect of each of the   contracting parties thereto.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iv)
  	
  
That the   Assignor has provided a certificate counter signed by the respective   Customers/Consultants setting out percentage of work completed/remaining and   the amounts outstanding/due under or in respect of each of the Contracts.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(v)
  	
  
That the   Assignor has duly obtained the written consent from each of the   Customers/Consultants approving the assignment of each of the Contracts in favour   of the Assignee.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vi)
  	
  
That the   representations and warranties made in this Agreement hereof remain true and   correct in all material respects as of the Closing.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(vii)
  	
  
That the assignor has obtained duly executed compromise agreements in   respect of the employees not being transferred pursuant to this agreement as   listed in Schedule G
  

	
  
4.2
  	
  
Conditions   Precedent for Assignor’s obligations.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Each of the   obligations of the Assignor to be performed hereunder shall be subject to the   conditions precedent that the representations and warranties of the Assignee   made in this Agreement hereof remain true and correct as on the Closing.
  
	
  
 
  	
  
 
  
	
  
5.
  	
  
REPRESENTATIONS AND WARRANTIES
  
	
   
  	
  
 
  
	
  
5.1
  	
  
ASSIGNOR’S REPRESENTATIONS AND WARRANTIES
  
	
  
 
  	
  
 
  
	
  
5.1.1
  	
  
Organization   and Good Standing.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Each   Assignor is a corporation duly formed, validly existing and in good standing   under the laws of the United Kingdom.
  
	
  
 
  	
  
 
  
	
  
5.1.2
  	
  
Authority
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement and all transactions contemplated hereby have been duly authorized   and all requisite corporate actions on the part of the Assignor which are   necessary in order to enable the Assignor to enter into and perform the same   have been obtained. This Agreement constitutes a valid and binding obligation   enforceable against the Assignor in accordance with its terms.
  
	
   
  	
  
 
  
	
  
5.1.3
  	
  
Approval.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The Assignor   has the approval of all governmental or regulatory bodies required for the   Assignor under this Agreement. All such consents, permits, licenses, orders   and approvals are in full force and effect and no suspension or cancellation   of any of them, to the Assignor’s knowledge, is threatened, and none of such   consents, permits, licenses, orders or approvals will be materially and   adversely affected by this Agreement.
  
	
  
 
  	
  
 
  
	
  
5.1.4
  	
  
Litigation.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
To the best   of the knowledge of Assignor, there are no material actions, suits,   proceedings or investigations  pending   or, threatened against the Assignor, which affects or could reasonably be   expected to affect the transactions contemplated in this Agreement, before   any state, statutory or regulatory authority; and the Assignor is not   operating in violation of or in default with respect to, any judgment, order,   writ, injunction or decree of any court, state, statutory or regulatory   authority.
  
	
   
  	
  
 
  
	
  
5.1.5
  	
  
Compliance   with Law.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The Assignor   is not in violation of any laws or material governmental orders, rules or   regulations to which the Assignor is subject.
  
	
  
 
  	
  
 
  
	
  
5.1.6
  	
  
Disclosure.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
No   representations or warranties made by the Assignor in this Agreement omits to   state any material fact necessary to make such representations or warranties   not misleading.
  

	
  5.2
  	
  
ASSIGNEE’S REPRESENTATIONS AND WARRANTIES
  
	
  
 
  	
  
 
  
	
  
5.2.1
  	
  
Organization   and Good Standing.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The Assignee   is a corporation duly formed, validly existing and in good standing under the   laws of England and Wales.
  
	
  
 
  	
  
 
  
	
  
5.2.2
  	
  
Corporate   Authority.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The Assignee   has full authority and power to execute and to perform this Agreement in   accordance with its terms; the execution and delivery of this Agreement and   the consummation of the transactions contemplated hereby will not result in a   breach, violation or default or give rise to an event which, with the giving   of notice or the passage of time, would result in a breach, violation or default   of any of the terms or provisions of the Assignee’s Certificate of   Incorporation or By-Laws or of any other indenture, agreement, judgment,   decree or other instrument or restriction to which the Assignee is a party or   by which the Assignee may be bound; the execution and delivery of this   Agreement and the completion of the transactions contemplated hereby have   been duly authorized by all requisite corporate actions on the part of the   Assignee and no further authorization or approval, whether of the shareholders   or directors of the Assignee or
governmental bodies or otherwise, is   necessary in order to enable the Assignee to enter into and perform the same;   and this Agreement constitutes a valid and binding obligation enforceable   against the Assignee in accordance with its terms.
  
	
   
  	
  
 
  
	
  
5.2.3
  	
  
Governmental   Approval.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The Assignee   has all permits, licenses, orders and approvals of all federal, state, local   and foreign governmental or regulatory bodies required for the Assignee to   consummate the transactions contemplated by this Agreement. All such permits,   licenses, orders and approvals are in full force and effect and no suspension   or cancellation of any of them, to the Assignee’ knowledge, is threatened,   and none of such permits, licenses, orders or approvals will be materially   and adversely affected by the consummation of the transactions contemplated   by this Agreement.
  
	
  
 
  	
  
 
  
	
  
6.
  	
  
INDEMNIFICATION & WAIVER OF CLAIMS
  
	
  
 
  	
  
 
  
	
  
6.1
  	
  
Indemnity   against Claims.
  
	
  
 
  	
  
 
  
	
   
  	
  
Subject to   clause 6.2 hereof, the Assignor hereby agrees to jointly and severally   indemnify and hold the Assignee harmless from and against any and all damages   directly incurred by the Assignee resulting from any material   misrepresentation or breach of any warranty, including representations and   warranties related to employees set forth in Section 11, on the part of   Assignor. Upon receipt of written notices by the Assignee of such damages,   the Assignor shall have thirty (30) days to remedy such damage.
  
	
  
 
  	
  
 
  
	
  
6.2
  	
  
Notice of   Claim, Assumption of Defense & Settlement of Claims.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
With respect   to any indemnities of the Assignor pursuant to clause 6.1 hereof, the   Assignee shall promptly give written notice to the Assignor after the   Assignee has knowledge of any 
  

	
  
 
  	
  
claim as to   which recovery may be sought against the Assignor pursuant to Clause 6.1   hereof and shall permit the Assignor to assume the defense of any such claim   or any litigation resulting from such claim with counsel of its choice. The   Assignor shall not, in the defense of such claim or any litigation resulting   there from, enter into any settlement (except with the prior written consent   of the Assignee) which has the effect of creating a liability against the   Assignee.
  
	
   
  	
  
 
  
	
  
6.3
  	
  
Indemnification   by the Assignee
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The Assignee   agrees to indemnify and hold the Assignor harmless from and against any and   all liabilities, losses, damages, claims, costs and expenses of the Assignor   resulting from (i) any material misrepresentations or breach of any   representation on the part of the Assignee, or (ii) any liability or   obligation accruing on or after the date of Closing in respect of the   transaction contemplated under this Agreement. The procedures set forth in   Clause 6.2 hereof shall apply to indemnification under the Clause 6.3.
  
	
  
 
  	
  
 
  
	
  
6.4
  	
  
Limitation of   Liability
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Notwithstanding   anything to the contrary contained in this Agreement, the liability of the   Assignor (in aggregate) under Clause 5.1 hereof or any other provisions of   the Agreement shall not exceed the sum equivalent to 50% of the consideration   amount actually received by the Assignor from the Assignee.
  
	
   
  	
  
 
  
	
  
 
  	
  
Further,   after Closing and receipt of the Consideration by the Assignor referred to in   2.5 (i), 2.6.1 and 2.6.2 herein notwithstanding anything to the contrary  the liability of Assignee (in aggregate)   under Clause 6.3 hereof or any other provisions of the Agreement shall not   exceed the sum equivalent to 50% of the consideration amount actually paid by   Assignee to Assignor.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Neither   party shall be liable to the other party for any form of incidental, indirect   or consequential damages of any kind.
  
	
  
 
  	
  
 
  
	
  
7.
  	
  
FURTHER ASSURANCES
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The Assignor   agrees that it will at any time and from time to time after the Closing, upon   the reasonable request of the Assignee, execute, acknowledge and deliver, or   will cause to be done, executed, acknowledged and delivered, all such further   acknowledgements, deeds, assignments, transfers, conveyances, and assurances   as may be mutually agreed between the Assignor and the Assignee for the   better assigning, transferring, granting, conveying, assuring and confirming   to the Assignee and to its respective successors and assigns, or for aiding   and assisting in collecting and reducing to possession, any and all of the   assets to be assigned to the Assignee as provided herein.
  
	  
	  

	
  8.
  	
  
GENERAL
  
	
  
 
  	
  
 
  
	
  
8.1
  	
  
Notices.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
All notices,   request, demands and other communications hereunder shall be in writing and   shall be delivered personally or sent by certified, registered or express   mail, postage prepaid. Any such notice shall be deemed given when so   delivered personally of, if mailed, four days after the date of deposit in   the mail, if addressed :
  

	
  
 
  	
  
(a)
  	
  
in the case   of the Assignor, to:
  
	
  
 
  	
  
 
  	
  
NovaSoft   Information Technology Corporation,
  
	
   
  	
  
 
  	
  
181,   Washington Street, Suite 525
  
	
  
 
  	
  
 
  	
  
Conshohocken,   PA 19428
  
	
  
 
  	
  
 
  	
  
Attention:   CEO
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  
in the case   of the Assignee, to:
  
	
  
 
  	
  
 
  	
  
Intelligroup,   Inc.
  
	
  
 
  	
  
 
  	
  
499 Thornall   Street, 11th Floor
  
	
  
 
  	
  
 
  	
  
Edison, NJ   08837
  
	
   
  	
  
 
  	
  
Attention:  Legal Department
  

	
  
 
  	
  
or to such   other address or to such other person as the Assignee or the Assignor shall   have last designated by notice to the other parties given as herein provided.
  
	
  
 
  	
  
 
  
	
  
8.2
  	
  
Modification.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement contains the entire agreement among the Parties hereto with respect   to the transactions contemplated herein. All prior negotiations, agreements   and the understandings are superseded hereby. This Agreement shall not be   modified or amended except by any instrument in writing signed by or on   behalf of the Parties hereto.
  
	
  
 
  	
  
 
  
	
  8.3
  	
  
Governing Law.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement shall be governed by and construed and enforced in accordance with   the English law.
  
	
  
 
  	
  
 
  
	
  
8.4
  	
  
Binding Effect.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement shall be binding upon the parties and inure to the benefit of the   successors, assigns, heirs and legal representatives of the respective   Parties hereto.
  
	
  
 
  	
  
 
  
	
  
8.5
  	
  
Transaction Expense.
  
	
  
 
  	
  
 
  
	
   
  	
  
Notwithstanding   anything else in the Agreement to the contrary, the parties hereto shall each   be responsible for the payment of any and all of its own expense, including   without limitation the fees and expenses of counsel, accountants and other   advisers, arising out of or relating directly or indirectly to the   transactions contemplated by this Agreement.
  
	
  
 
  	
  
 
  
	
  
8.6
  	
  
Assignment.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
None of the   parties shall assign any of their rights or obligations under this Agreement   without the prior written consent of the other parties, which consent shall   not be unreasonably withheld.
  

	
  
8.7
  	
  
Announcements
  
	
  
 
  	
  
 
  
	
   
  	
  
Save and   except the announcements, statement or circular required pursuant to any law   or regulation, no announcement, statement to the press or circular relating   to any matters referred to in this Agreement shall be made or issued by or on   behalf of any of the Parties prior to the Closing, without the prior written   approval of the other party hereto.
  
	
  
 
  	
  
 
  
	
  
8.8
  	
  
Dispute Resolution
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In the event   of any dispute, differences or claim(s) arising out of or in connection with   or relating to this Agreement, the Parties shall attempt to first resolve   such dispute, difference or claim(s) through discussions between the senior   executives or chief executives of the Parties.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
If the   dispute is not resolved through such discussions within 30 days after the   receipt of written notice for mutual discussions, the dispute, difference or claim(s)   shall be finally settled by arbitration under the United Nations Commission   on International Trade Law Arbitration Rules (the “UNCITRAL Rules”) as are in   force at the time of any such arbitration.    For the purpose of such arbitration, the Parties shall mutually   appoint a three arbitrator panel. In the event the Parties fail to appoint   such panel of three arbitrators, then each party shall appoint one arbitrator   and the two arbitrators so appointed shall mutually agree upon the   appointment of the third arbitrator in accordance with UNCITRAL Rules. All   arbitration proceedings shall be conducted in English language and the place   of arbitration shall be in London. The arbitration award shall be binding on   and non - appealable by all the parties. Judgement upon any
arbitration award   so rendered may be entered in any court having jurisdiction, or application   may be made to such court for a judicial acceptance of the award and an order   to enforcement, as the case may be. The cost of arbitration shall be borne by   the losing party.  The governing law   of the contract shall be the substantive law of England and Wales.
  
	
   
  	
  
 
  
	
  
 
  	
  
Each of the   Parties agrees that notwithstanding that a matter may be referred to   arbitration as provided herein, the Parties shall nevertheless, pending the   resolution of the controversy or disagreement, continue to fulfil their   obligations under this Agreement, so far as they are reasonably able to do   so.
  
	
  
 
  	
  
 
  
	
  
9.
  	
  
FORCE MAJEURE
  
	
  
 
  	
  
 
  
	
  
9.1
  	
  
Neither   Party shall be liable to the other for any failure to perform its obligations   under this Agreement (save and except the obligation to make the payment when   due) if such performance has been delayed or prevented by force majeure. The   notification of force majeure and any abatement thereof shall be made promptly   in writing by the Party suffering such force majeure event.
  
	
  
 
  	
  
 
  
	
  
9.2
  	
  
For the   purposes of Clause 9.1, force majeure shall mean circumstances beyond the   reasonable control of the Party affected including but not limited to war,   hostilities, riots, acts of terrorism, flood, fire or other physical   disaster, change in Government policies, acts of the Government or   Governmental bodies (including but not limited to legislative bodies or   agencies), strikes or other industrial disputes or labour disturbances.
  

	
  
9.3
  	
  
A Party   invoking the provisions of this Clause shall take all actions, which are   reasonable in the circumstances to overcome the force majeure situation and   to resume the performance of its obligations hereunder.
  

PART I

	
  
10.
  	
  
ASSIGNMENT OF CONTRACTS
  
	
  
 
  	
  
 
  
	
  
10.1
  	
  
THE ASSIGNOR’S REPRESENTATIONS &   WARRANTIES RELATING TO ASSIGNMENT OF CONTRACTS
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The Assignor   represents and warrants to the Assignee as follows:
  
	
   
  	
  
 
  
	
  
10.1.1
  	
  
No   Encumbrances
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Other than   as may be specifically set forth herein, none of the Contracts:
  

	
  
 
  	
  
(i)
  	
  
contravenes   any applicable law or ordinance or any other administrative regulation or   violates any restrictive covenant or any provision of law, the enforcement of   which would result in any liability to the Assignee or would in any respect   interfere with or prevent the current and continued implementation of the   Contracts, or
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
other than   as set forth herein, is subject to any agreement or arrangement between the   Assignor and any third person which has an adverse effect upon the Assignor’s   ability to assign the Contracts as set out herein.
  

	
  
10.1.2
  	
  
Customer/Consultant   documents.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Any   Customer/Consultant related documents provided by Assignor to Assignee prior   to the Closing date are true and correct copies of the Customer/Consultant   documents in Assignor’s possession as of the Closing date.  As of the Closing date, to Assignor’s   knowledge, none of the Customers/Consultants    intends to exercise any right to cancel any order or commence legal   proceedings, in each case as a result of a default or alleged default of   Assignor and there does not exist as of the Closing date any default of   Assignor, or, to assignor’s knowledge, of the Customer/Consultant thereto   (except for aged accounts receivable from the Customer), or event or   condition that, with notice or lapse of time, or both, would constitute a   default of the Customer’s/Consultant’s obligations.  The Assignor covenants to provide, as of the Closing date, the   customer wise break up of the value of orders placed by the
Customers not yet   taken up for execution as well as the value of such portion of orders under   execution that remain to be executed.
  

	
  10.1.3
  	
  
Tax Matters.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Assignor has   no knowledge of any tax deficiency against Assignor related to the Contracts.   To the Assignor’s Knowledge, all taxes and other assessments and levies   related to the Contracts, Employment Agreements and Leased Premises that   Assignor was required by law to withhold or to collect have been duly   withheld and collected, and have been paid over to the proper governmental   entity.
  
	
  
 
  	
  
 
  
	
  
10.2
  	
  
COVENANTS OF THE ASSIGNOR RELATING TO   ASSIGNMENT OF CONTRACTS
  
	
  
 
  	
  
 
  
	
  
10.2.1
  	
  
Announcements.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Assignor   shall co-operate with the Assignee after the Closing date to coordinate the   preparation of communications to Customers relating to this transaction.
  
	
   
  	
  
 
  
	
  
10.2.2
  	
  
Post-Closing   Cooperation.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In   connection with the assignment of the Contracts, the Assignor on the one   hand, and the Assignee, on the other, shall cooperate with each other to the   extent practicable, until one year from the Closing date, with respect to any   administrative actions or proceedings, litigations and any other matters   involving third parties that my occur after the Closing. The party requesting   cooperation shall be responsible for the reasonable cost incurred by the   other party.
  

PART II

	 11.
	 EMPLOYEES

	
  
11.1
  	
  
The parties acknowledge that the transaction herein constitutes a   relevant transfer for the purposes of the Regulations so that the contracts   of employment of the Employees will take effect as if made between the   Assignee and the Employees at Closing.
  
	
  
 
  	
  
 
  
	
  11.2
  	
  
The Assignor shall be responsible for all emoluments of the Employees   in respect of the period up to Closing.
  
	
  
 
  	
  
 
  
	
  
11.3
  	
  
Subject to Clause 6.4 of this Agreement, the Assignor shall indemnify   the Assignee against any Employee related liability arising after Closing   relating to or arising from events occuring prior to and up to Closing and   any liability which the Assignee incurs under the Regulations for any costs   and claims related to Employees of Assignor arising from events or   circumstances ocurring prior to and    up to Closing.
  
	
  
 
  	
  
 
  
	
  
11.4
  	
  
Warranties relating to Employees
  
	
  
 
  	
  
 
  
	
  
11.4.1
  	
  
The Assignor warrants that all the Employees will be transferred on   Closing save those listed in Schedule G
  
	
  
 
  	
  
 
  
	
  11.4.2
  	
  
There are not in existence any contracts or arrangements, other than   those included in the Employee Records, between the Assignor and any   Employee.
  
	
  
 
  	
  
 
  
	
  
11.4.3
  	
  
The Assignor has complied with all its obligations up to Closing   (other than amounts representing salary accrued due for the current pay   period or for reimbursement of business expenses to be apportioned on   Closing)to   each Employee.
  
	
  
 
  	
  
 
  
	
  
11.4.4
  	
  
There will be no amounts of remuneration outstanding to any Employee   at Closing (other than amounts representing salary accrued due for the   current pay period or for reimbursement of business expenses).
  
	
  
 
  	
  
 
  
	
  
11.4.5
  	
  
No Employee has given notice to terminate, or is under notice of   termination of, and to the best of Assignor’s knowledge, there are no grounds   on which any Employee may be given notice to terminate, his employment.
  
	
  
 
  	
  
 
  
	
  11.4.6
  	
  
All necessary consents and work permits have been obtained and are   valid and current  in relation to Employees
  
	
  
 
  	
  
 
  
	
  
11.5
  	
  
Non-Solicitation
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The Assignor   shall not directly or indirectly solicit Employees and engage them as   employee or contractor directly or through a third party in the United   Kingdom or India for a period of two years after Closing.
  
	
  
 
  	
  
 
  
	
  
11.6
  	
  
Post-Closing   Cooperation.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In   connection transfer of the services of the Employees, the Assignor on the one   hand, and the Assignee, on the other, shall cooperate with each other to the   extent practicable, until one year from the Closing date, with respect to any   administrative actions or proceedings, litigations and any other matters   involving third parties that my occur after the Closing. The party requesting   cooperation shall be responsible for the reasonable cost incurred by the   other party.
  

PART III

	
  
12.
  	
  
ASSIGNMENT OF LEASED PREMISES
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The Assignor   will assign and the Assignee will accept assignment of the Leased Premises.   The assignment of the Leased Premises shall be substantially in the manner as   set out in Schedule D to this Agreement.
  

	
  
S.NO
  	
   
 	
  
ASSIGNOR
  	
   
 	
  
ASSIGNEE
  
	
  

  	
   
 	
  

  	
   
 	
  

  
	
  1
  	
  
 
  	
  
Novasoft Information Technology (Europe) Limited
  	
  
 
  	
  
Intelligroup Europe Ltd.
  

	
  
12.1
  	
  
ASSIGNOR’S REPRESENTATIONS RELATING TO   ASSIGNMENT OF LEASED PREMISES.
  
	
  
 
  	
  
 
  
	
  
12.1.1
  	
  
Save and   except as disclosed to the Assignee, the lease has not been modified,   amended, supplemented, terminated, extended or renewed.
  
	
   
  	
  
 
  
	
  
12.1.2
  	
  
Assignor has   not previously assigned Leased Premises or any portion thereof or entered   into any agreement permitting any person or entity to use or occupy any   portion of the Leased Premises.
  
	
  
 
  	
  
 
  
	
  
12.1.3
  	
  
To the best   knowledge of Assignor, the Leased Premises comply with all applicable laws,   insurance underwriters’ requirements, and all sidewalks, parking lots, plumbing,   electrical, HVAC, roof and all other building systems serving the Leased   Premises, are in good working order, repair and water- tight condition.
  
	
  
 
  	
  
 
  
	
  
12.1.4
  	
  
The lease in   respect of the Leased Premises is in full force and effect and there exists   no default under the lease nor, has any event occurred which, with the giving   of notice or the passage of time or both, could constitute a breach or   default by either Assignor or the landlord under lease of the Leased   Premises.
  
	
  
 
  	
  
 
  
	
  
12.1.5
  	
  
That the   Assignor has made all payments due under the Lease including any deposit as   detailed in the Completion Statement annexed to Schedule D hereto.
  

	
  
12.1.6
  	
  
To the best   knowledge of Assignor, no hazardous materials are located on or about the   Leased Premises in violation of applicable environmental laws.
  
	
  
 
  	
  
 
  
	
  
12.1.7
  	
  
To the best   knowledge of Assignor, no pending litigation currently exists which may   affect Assignee’s use of or operations on the Leased Premises.
  
	
  
 
  	
  
 
  
	
  
12.2
  	
  
INDEMNITIES
  
	
  
 
  	
  
 
  
	
  
12.2.1
  	
  
Subject to   clause 6.4 hereof, the Assignor shall indemnify, defend, protect and hold   harmless Assignee and its officers, employees, shareholders, agents and   assigns from and against all claims, demands, losses, costs (including   attorney’s reasonable fees and costs) or liabilities arising in connection   with the Leased Premises as a consequence of Assignor’s breach or default of   the obligations on its part to be performed under the lease agreement of the   Leased Premises prior to the Closing, or as a result of any action, occurrence,   inaction or condition undertaken or existing with respect to Assignor’s use   or occupancy of the Leased Premises prior to the Closing.
  
	
   
  	
  
 
  
	
  
12.2.2
  	
  
Assignee   shall indemnify, defend, protect and hold harmless Assignor and its officers,   employees, shareholders, agents and assigns from and against all claims,   demands, causes of action, costs (including attorney’s reasonable fees and   costs) or liabilities arising in respect of the Leased Premises as a   consequence of Assignee’s breach or default of the obligations on its part to   be performed under the Lease on or after the Closing, or as a result of any   action, occurrence, inaction or condition undertaken or existing with respect   to Assignee’s use or occupancy of the Leased Premises on or after the   Closing.
  
	
  
 
  	
  
 
  
	
  
12.3
  	
  
CONDITIONS PRECEDENT
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Assignor   shall use best endeavours to obtain the written consent of the landlord of   the Leased Premises.
  
	
  
 
  	
  
 
  
	
  
12.4
  	
  
MISCELLANEOUS
  
	
   
  	
  
 
  
	
  
12.4.1
  	
  
Insurance:   The Assignor also agrees to transfer the valid Insurance policies, if any,   for the Leased Premises in favor of the Assignee with effect from the   Closing.
  
	
  
 
  	
  
 
  
	
  
12.5 
  	
  
Severability
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   invalidity or unenforceability of any one or more of the provisions hereof or   any part thereof shall not invalidate or render unenforceable the remaining   provisions of the Agreement.  Any   illegal or invalid provision of this Agreement shall be severable and all   other provisions shall remain in full force and effect.
  

In Witness whereof the parties to this Agreement have signed this Agreement on the date and place mentioned above:

	
  Novasoft   Information Technology (Europe) Limited
  	
  
 
  
	  
	  
	  

	
  
Name:
  	
  
 
  	
  
 
  
	  
	  
	  

	
  
Title:
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Intelligroup   Europe Limited
  	
  
 
  
	  
	  
	  

	
  
Name:
  	
 
Alok Bajpai
  	
  
 
  
	  
	  
	  

	
  
Title:
  	
  
Director
  	
  
 
  

SCHEDULE A

[List and Particulars of Contracts]

NOVASOFT INFORMATION TECHNOLOGY (EUROPE) LTD, UK

	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
S.NO.
  	
   
 	
  
PARTY / CUSTOMER NAME
  	
   
 	
  
PROJECT NAME
  
	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  1
  	
  
 
  	
  
CORUS INTERNATIONAL
  	
  
 
  	
  
COR DATABASE MNGT SUPP ON SQL2000
  
	
  
 
  	
  
 
  	
  
CORUS INTERNATIONAL
  	
  
 
  	
  
COR BAAN APPLICATION MNGT & SUPP
  
	
  
3
  	
  
 
  	
  
INTERMEC INTERNATION INC
  	
  
 
  	
  
INTM BAAN SUPPORT SERVICES
  
	
  
4
  	
  
 
  	
  
SAMSUNG SDS EUROPE LTD
  	
  
 
  	
  
SAM SAP ABAP DEVELOPMENT- ROLLING
  
	
  
5
  	
  
 
  	
  
SIEMENS INDUSTRIAL TURBO MACHINERY LTD
  	
  
 
  	
  
SIE SAP SUPPORT SERVICES
  
	
  6
  	
  
 
  	
  
PIONEER CONSULTING LTD
  	
  
 
  	
  
PIONEER INVENSYS
  
	
  
7
  	
  
 
  	
  
SIEMENS INDUSTRIAL TURBO MACHINERY LTD
  	
  
 
  	
  
ECC-Forced Group EIR’s”
  
	
  
8
  	
  
 
  	
  
SIEMENS INDUSTRIAL TURBO MACHINERY LTD
  	
  
 
  	
  
ATLAS BACKFILL
  
	
  
9
  	
  
 
  	
  
SIEMENS INDUSTRIAL TURBO MACHINERY LTD
  	
  
 
  	
  
Overhauls Development
  
	
  
10
  	
  
 
  	
  
ADVANCED RESOURCE MANAGEMENT LIMITED
  	
  
 
  	
  
CRM   IMPLEMENTATION -AXON/ XEROX (T&M)
  
	
  11
  	
   
  	
  ADVANCED RESOURCE MANAGEMENT LIMITED
  	
   
  	
  CRM   IMPLEMENTATION -AXON/ XEROX (T&M)
  
	
  12
  	
   
  	
  INTELLIGROUP, INC
  	
   
  	
  CAPITA SAP   UPGRADE (T&M)
  
	
  13
  	
   
  	
  CASTLE CONSULTING
  	
   
  	
  Baan Support for Napier Turbochargers
  

SCHEDULE B

 [List of Amount Outstanding from/to the Customers/Consultants respectively]

NOVASOFT INFORMATION TECHNOLOGY EUROPE LTD
 DEBTOR AGEING

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 Figures in     GBP           
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	  
	 

	GL ACCOUNT NAME
	 
	 0-30
 DAYS
	 
	 31-45
 DAYS
	 
	 46 - 60
 DAYS
	 
	 60 - 90
 DAYS
	 
	 > 90
 DAYS
	 
	 AMOUNT
	 

	

    	  
	

    	

    	  
	

    	

    	  
	

    	

    	  
	

    	

    	  
	

    	

    	  
	

    	

    	  

	ADVANCED RESOURCES
	  
	  
	 16538.71
	  
	  
	 
	  
	  
	 
	  
	  
	 
	  
	  
	 
	  
	  
	 16,538.71
	  

	 CORUS INTERNATIONAL
	  
	  
	 
	  
	  
	 7,402.50
	  
	  
	 
	  
	  
	 
	  
	  
	 7,402.50
	  
	  
	 14,805.00
	  

	CISA CERRA DURSA S.A.
	  
	  
	 6,620.00
	  
	  
	 
	  
	  
	 
	  
	  
	 
	  
	  
	 
	  
	  
	 6,620.00
	  

	 INTERMEC INTERNATIONAL INC.
	  
	  
	 27,656.33
	  
	  
	 30,500.53
	  
	  
	 
	  
	  
	 
	  
	  
	 (113.47
	 )
	  
	 58,043.39
	  

	INTELLIGROUP, INC
	  
	  
	 22,148.75
	  
	  
	 
	  
	  
	 1,700.00
	  
	  
	 2,125.00
	  
	  
	 
	  
	  
	 25,973.75
	  

	NHBC
	  
	  
	 8,225.00
	  
	  
	 
	  
	  
	 
	  
	  
	 
	  
	  
	 
	  
	  
	 8,225.00
	  

	 PIONEER CONSULTING
	  
	  
	 10,381.13
	  
	  
	 
	  
	  
	 
	  
	  
	 
	  
	  
	 
	  
	  
	 10,381.13
	  

	SAMSUNG SDS EUROPE LTD
	  
	  
	 13,160.41
	  
	  
	 5,346.63
	  
	  
	 
	  
	  
	 3,819.02
	  
	  
	 11,371.56
	  
	  
	 33,697.62
	  

	 Siemens Industrial Turbomachinery Ltd.
	  
	  
	 32,176.00
	  
	  
	 51,371.00
	  
	  
	 
	  
	  
	 
	  
	  
	 38,370.80
	  
	  
	 121,917.80
	  

	 
	  
	

    	

    	  
	

    	

    	  
	

    	

    	  
	

    	

    	  
	

    	

    	  
	

    	

    	  

	 TOTAL
	  
	  
	 136,906.33
	  
	  
	 94,620.66
	  
	  
	 1,700.00
	  
	  
	 5,944.02
	  
	  
	 57,031.39
	  
	  
	 296,202.40
	  

	 
	  
	

    	

    	  
	

    	

    	  
	

    	

    	  
	

    	

    	  
	

    	

    	  
	

    	

    	  

SCHEDULE C

	
  
 
  	
  
This   ASSIGNMENT AND AMENDMENT TO EMPLOYMENT AGREEMENT (this “ Amendment   Agreement”) is made and entered into as of ___________, 2007 by and among   Novasoft Information Technology (Europe) Limited, corporation, organized and   existing under the laws of England and having its principal place of business   at  7/8, Shenley Pavillions, Chalkdell   Drive, Shanley Wood, Milton Keynes, MKS 6LB    (hereinafter individually referred to as “ the Assignor” which   expression shall mean and include its/their representatives, successors and   permitted assigns) of the ONE PART; And
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Intelligroup   Europe Limited a company incorporated under the Laws of England company no.   03205142 and having its registered office at Challenge House, Sherwood Drive,   Bletchley, Milton Keynes, Bucks MK3 6DP (hereinafter referred to as “the   Assignee” which expression shall mean and include its representatives,   successors and permitted assigns) of the SECOND PART; And
  
	
  
 
  	
  
 
  
	
  
 
  	
  
___________________,   residing at ___________ having an effective employment agreement with the   Assignor on the date of this Amendment Agreement (“Employee”) of the THIRD   PART
  
	
   
  	
  
 
  
	
  
 
  	
  
This   Amendment will become effective on the date of the completion of the   transactions between the Assignor and the Assignee.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
WHEREAS   Assignor and Employee are parties to an Employment Agreement, dated  ______________ of ______ (the “Employment   Agreement”), which Assignor now desires to assign to Assignee and which   Assignor, Assignee and Employee now desire to amend as set forth herein; and
  
	
  
 
  	
  
 
  
	
  
 
  	
  
WHEREAS   Novasoft Information Technology (Europe) Limited, has certain rights and   obligations under the Employment Agreement, and desires to assign all of such   rights (other than with respect to its “Confidential Information” as defined   in the Agreement) and transfer such obligations to Intelligroup Inc., and   Intelligroup Inc. desires to accept and assume all of such rights and   obligations;
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Whereas   the parties acknowledge that the transaction between the Assignor and the   Assignee constitutes a relevant transfer for the purposes of the Regulations   so that the contract(s) of employment of the employee will take effect as if   made between the Assignee and the Employee at Closing
  

	
  
 
  	
  
NOW   THEREFORE, in consideration of the mutual promises herein made and for other   good and valuable consideration, the sufficiency of which is hereby   acknowledged, Assignor, Assignee and Employee hereby agree as follows:
  

ARTICLE 1

ASSIGNMENT

	
  
1.1
  	
  
Assignor   hereby assigns to Assignee all of its right, title and interest in and to the   Employment Agreement, and Assignee hereby accepts such assignment and   assumes, accepts responsibility for, and agrees to pay, perform, and   discharge all of Assignor’s liabilities and obligations under the Employment   Agreement.  Employee hereby consents   to such assignment and assumption. As a result of this assignment and   assumption, all of the rights and obligations of Assignor under the   Employment Agreement hereby become the rights and obligations of Assignee,   and Assignor will have no further rights or obligations under the Employment   Agreement, and all provisions of the Employment Agreement, including any   accompanying Exhibits or Schedules, relating or referring to Assignor will   hereafter be deemed to relate or refer to Assignee. The Assignor also hereby   confirms and the Employee also accepts that there are no amounts due by the   Assignor
to the Employee in any manner i.e. by way of Salary dues, Incentives,   bonus provident fund dues, etc.
  
	
   
  	
  
 
  
	
  
ARTICLE 2
  
	
  
 
  	
  
 
  
	
  
AMENDMENTS
  
	
  
 
  	
  
 
  
	
  
(a)
  	
  
Names.  Throughout the Employment Agreement,   including any accompanying Exhibits or Schedules, the Assignor’s name are   hereby deleted and replaced with the words “ Intelligroup Inc.”.
  
	
  
 
  	
  
 
  
	
  
(b)
  	
  
Effect.  As a result of the amendments set forth in   Article 2(a), all of the rights and obligations of Assignor under the   Employment Agreement will become the rights and obligations of Intelligroup,   and Assignor will have no further rights or obligations under the Employment   Agreement, and all provisions of the Employment Agreement, including any   accompanying Exhibits or Schedules, relating or referring to Assignor, will   hereafter be deemed to relate or refer to Intelligroup Inc., Notwithstanding anything   to the contrary contained in this amendment, Assignor will continue to enjoy   its pre-existing third-party beneficiary rights under provisions of the   Employment Agreement concerning “Confidential Information” (as defined in the   Employment Agreement).
  
	
   
  	
  
 
  
	
  
(c)
  	
  
Notice.  The “Notice” provision of the Employment   Agreement are hereby amended to delete the name and addresses of Assignor and   replace it with the following:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          “To   the Company:     Intelligroup Europe Limited
  
	
  
 
  	
  
 
  
	
  
 
  	
  
          with   a copy to:
  
	
  
 
  	
  
 
  
	
  
(d)
  	
  
Stock   options. Any reference to stock options are deleted and the Assignor and   employee both hereby acknowledge that these provisions have never been   brought into effect and that the deletion of this clause does not constitute   a change in the terms of employment
  

ARTICLE 3

EFFECT

	
  
3.1
  	
  
Except   as specifically amended by these Articles or as stated to be amended   independently, the Employment Agreement will remain in full force and effect.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
IN   WITNESS WHEREOF, the Assignor, the Assignee and Employee have executed this   Amendment as of the date first above written.
  

	
  
ASSIGNOR
  	
  
 
  
	
  
Novasoft   Information Technology (Europe) Limited
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
By:
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
ASSIGNEE
  	
  
 
  
	
  
Intelligroup   Europe Limited
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  By:
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
EMPLOYEE
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  

  	
  
 
  

Schedule D

	
  
 
  	
  
This   ASSIGNMENT OF LEASE AGREEMENT (this “ Agreement”) is made and entered into as   of ________________, 2007 by and among Novasoft Information Technology   (Europe) Limited, corporation, organized and existing under the laws of   England and having its principal place of business at  7/8, Shenley Pavillions, Chalkdell Drive,   Shanley Wood, Milton Keynes, MKS 6LB    (hereinafter individually referred to as “ the Assignor” which   expression shall mean and include its/their representatives, successors and   permitted assigns) of the ONE PART; And
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Intelligroup   Inc. (Co no. 03205142) a company incorporated under the laws of England  and having its registered office at   Challenge House, Sherwood Drive, Bletchley, Buckinghamshire, MK3 6DP  (hereinafter referred to as “the Assignee”   which expression shall mean and include its representatives, successors and   permitted assigns) of the SECOND PART; And
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Milton   Keynes Parks Trust Limited, a Company and the Trustees of Milton Keynes Parks   Trust Limited having their registered offices at Campbell Park Pavilion, 1300   Silbury Boulevard, Campbell Park Milton, Keynes MK 9 4AD (the “Master   Landlords”) of the THIRD PART.
  
	
   
  	
  
 
  
	
  
ARTICLE1
  
	
  
 
  	
  
 
  
	
  
ASSIGNMENT
  
	
  
 
  	
  
 
  
	
  
1.1
  	
  
For   the consideration as set out hereunder –
  
	
  
 
  	
  
 
  
	
  
 
  	
  
________________________________
  
	
  
 
  	
  
 
  
	
  
 
  	
  
and   subject to the limitations contained herein, Assignor hereby grants to   Assignee, from and after the Commencement Date, all of Assignor’s rights,   title and interest under the Leased Premises more fully described under   Schedule A hereto for the remaining term of the lease as per lease deed dated   23rd February 2006 between the Assignor and the Master Landlord,   except for any obligations of Assignor under the lease arising out of any   action, occurrence, inaction or condition undertaken or existing on or prior   to the Commencement Date, which obligations Assignor shall perform.
  
	
   
  	
  
 
  
	
  
 
  	
  
For   purposes of this Assignment, “Commencement Date” shall mean the date by which   all of the following have occurred:
  
	
  
 
  	
  
 
  
	
  
(a)
  	
  
Master   Landlord has delivered to the Assignor and to the Assignee the written   consents required under the Master Assignment Agreement and the same is   supported vide letter dated ______.
  
	
  
 
  	
  
 
  
	
  
(b)
  	
  
That   the Assignor has delivered possession of the Leased Premises to the Assignee   clean and free of debris, with all sidewalks, parking lot, plumbing,   electrical, HVAC, proof and all other building systems serving the Leased   Premises, in good working order, repair and condition.  Assignor shall use diligent efforts to   deliver possession of the Leased Premises to Assignee as soon as reasonably   possible.
  

ARTICLE 2

ACCEPTANCE AND ASSUMPTION

	
  2.1
  	
  
Assignee   hereby accepts the foregoing assignment of the Leased Premises and Assignor’s   rights and obligations there under; provided, however, that Assignee shall   not assume, and shall have no liability with respect to, any obligations of   Assignor under the Leased Premises arising out of any action, occurrence, and   inaction or condition undertaken or existing on or prior to the Commencement   Date.  From and after the Commencement   Date, Assignee shall make all payments to the “Master Landlord” (refer to   Annexure II) of Base Quarterly Rent as given under Annexure II hereto.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
IN   WITNESS WHEREOF, the Assignor, the Assignee and Employee have executed this   Amendment as of the date first above written.
  

	
  
ASSIGNOR
  	
  
 
  
	
  
Novasoft   Information Technology (Europe) Limited
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
By:
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
ASSIGNEE
  	
  
 
  
	
  
Intelligroup   Europe Limited
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  By:
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
MASTER   LANDLORD
  	
  
 
  
	
  
Milton   Keynes Parks Trust Limited, a Company and the Trustees of Milton Keynes Parks   Trust Limited]
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
 
  	
  
 
  
	
   
  	
  

  	
  
 
  

Annexure I

Full Address and description of Leased Premises

Units 7&8, Shenley Pavilions
 Shenley Wood
 Milton Keynes
 Buckinghamshire
 MK5 6LB

Annexure II

[Base Quarterly Rent, Operating Expense Increases] – to be specified and defined

	
  
Base Quarterly Rent for Office     – GBP   8617/-     (excl. VAT)
  
	
  
Service Charges –   Quarterly         – GBP   3317.72  (excl. VAT)
  

SCHEDULE E

List of Employees

	
  Sl.
   No
  	
   
 	
  
Name
  	
   
 	
  
Position /   Title
  	
   
 	
  
Date of
   Joining
  	
   
 	
  
Date of   Birth
  	
   
 	
  
Education
  	
   
 	
  
Total
   Experience
   in Years.
  	
   
 	
  
Tenure   with
   ISGN in
   Years
  	
   
 	
  
Primary
   Skill
  	
   
 	
  
Brief   Skills
  
	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  1
  	
  
 
  	
  
Borra   Rao Srinivas
  	
  
 
  	
  
SAP Consultant
  	
  
 
  	
  
13/06/05
  	
   
 	
  
13/12/76
  	
  
 
  	
  
MCA
  	
  
 
  	
  
6+
  	
  
 
  	
  
1+
  	
  
 
  	
  
ABAP
  	
  
 
  	
  
Skilled   in ABAP programming including Business Connector, WebDynPro.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  2
  	
  
 
  	
  
Bujade   Sunil
  	
  
 
  	
  
SAP Technical Basis Consultant
  	
  
 
  	
  
2/1/07
  	
   
 	
  
2/1/74
  	
  
 
  	
  
B.Com
  	
  
 
  	
  
10+
  	
  
 
  	
  
<1
  	
  
 
  	
  
SAP   Basis
  	
  
 
  	
  
SAP   Certified Basis Consultant.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  3
  	
  
 
  	
  
Chadhary   Pankaj
  	
  
 
  	
  
SAP Functional Consultant
  	
  
 
  	
  
16/02/06
  	
   
 	
  
1/19/76
  	
  
 
  	
  
MBA   Mktg
  	
  
 
  	
  
6+
  	
  
 
  	
  
1+
  	
  
 
  	
  
SD/CS/CRM
  	
  
 
  	
  
SAP   Functional - SD/CS
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  4
  	
  
 
  	
  
Chintawar   Manoj
  	
  
 
  	
  
Programmer - Analyst
  	
  
 
  	
  
1/4/00
  	
   
 	
  
1/7/71
  	
  
 
  	
  
MCA
  	
  
 
  	
  
10+
  	
  
 
  	
  
6
  	
  
 
  	
  
BAAN   TECHNICAL
  	
  
 
  	
  
Senior   Baan Technical Consultant
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  5
  	
  
 
  	
  
Ganesan   Dwarak
  	
  
 
  	
  
Senior Consultant
  	
  
 
  	
  
26/08/05
  	
   
 	
  
30/07/62
  	
  
 
  	
  
CA
  	
  
 
  	
  
12+
  	
  
 
  	
  
1+
  	
  
 
  	
  
SAP   FICO
  	
  
 
  	
  
FICO   Consultant. COPA expert
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  6
  	
  
 
  	
  
Gatle   Vinayak
  	
  
 
  	
  
SAP CRM Consultant
  	
  
 
  	
  
21/11/05
  	
   
 	
  
13/07/70
  	
  
 
  	
  
B.E   (Electronics)
  	
  
 
  	
  
8+
  	
  
 
  	
  
2.5+
  	
  
 
  	
  
SAP   CRM (T)/ BW/ABAP
  	
  
 
  	
  
Senior   SAP Technical Consultant. Certified ABAP/BW and FICO. CRM Techical   Consultant.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  7
  	
  
 
  	
  
Hawkins   Sonya
  	
  
 
  	
  
Telesales Executive
  	
  
 
  	
  
19/09/05
  	
   
 	
  
3/5/75
  	
  
 
  	
  
GCSE
  	
  
 
  	
  
15+
  	
  
 
  	
  
2+
  	
  
 
  	
  
Telesales
  	
  
 
  	
  
Telesales   and Professional Services selling.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  8
  	
  
 
  	
  
Jain   Anshu
  	
  
 
  	
  
BaaN Consultant
  	
  
 
  	
  
15/02/00
  	
   
 	
  
9/9/64
  	
  
 
  	
  
B.E   (Electrical)
  	
  
 
  	
  
8+
  	
  
 
  	
  
6
  	
  
 
  	
  
BAAN   FUNCTIONAL
  	
  
 
  	
  
SAP   NetWeaver Consultant. Baan Supply Chain consultant
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  9
  	
  
 
  	
  
Joshi   Manish
  	
  
 
  	
  
Sr. SAP CRM Functional Consultant
  	
  
 
  	
  
27/11/06
  	
   
 	
  
5/7/75
  	
  
 
  	
  
BE
  	
  
 
  	
  
9+
  	
  
 
  	
  
<1
  	
  
 
  	
  
SAP   CRM
  	
  
 
  	
  
SAP   CRM Functional Consutant
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  10
  	
  
 
  	
  
Kanati   Sunil
  	
  
 
  	
  
SAP ABAP Consultant
  	
  
 
  	
  
6/7/02
  	
   
 	
  
1/8/78
  	
  
 
  	
  
BE
  	
  
 
  	
  
5+
  	
  
 
  	
  
3+
  	
  
 
  	
  
ABAP
  	
  
 
  	
  
SAP   ABAP Consultant
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  11
  	
  
 
  	
  
Kesagani   Raj
  	
  
 
  	
  
SAP Basis Technical Consultant
  	
  
 
  	
  
29/3/07
  	
   
 	
  
7/12/74
  	
  
 
  	
  
AMIE
  	
  
 
  	
  
6+
  	
  
 
  	
  
<1
  	
  
 
  	
  
SAP   Basis
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  12
  	
  
 
  	
  
Pabari   Jatin
  	
  
 
  	
  
Consultant (ERP)
  	
  
 
  	
  
21/05/02
  	
   
 	
  
6/1/73
  	
  
 
  	
  
B.E   (E&C)
  	
  
 
  	
  
9+
  	
  
 
  	
  
4+
  	
  
 
  	
  
SAP   BW / ABAP
  	
  
 
  	
  
Certified   SAP BW. Senior ABAP Consultant
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  13
  	
  
 
  	
  
Patalay   Avinash
  	
  
 
  	
  
BaaN Consultant
  	
  
 
  	
  
5/9/01
  	
   
 	
  
26/11/74
  	
  
 
  	
  
Bcom;PGDBA
  	
  
 
  	
  
8+
  	
  
 
  	
  
5+
  	
  
 
  	
  
BAAN   FUNCTIONAL
  	
  
 
  	
  
Baan   Financials Consultant. MS Certified Axapta functional consultant.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  14
  	
  
 
  	
  
Patil   Avinash
  	
  
 
  	
  
Sr. SAP Functional Consultant
  	
  
 
  	
  
1/1/03
  	
   
 	
  
23/07/73
  	
  
 
  	
  
 
  	
  
 
  	
  
8+
  	
  
 
  	
  
4+
  	
  
 
  	
  
SAP   PS
  	
  
 
  	
  
SAP   PS Consultant. Team Lead for Support Delivery at Siemens
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  15
  	
  
 
  	
  
Rajan   Avinash
  	
  
 
  	
  
SAP Basis    Consultant
  	
  
 
  	
  
5/6/02
  	
   
 	
  
5/9/70
  	
  
 
  	
  
MSc   (Comp.Sc)
  	
  
 
  	
  
9+
  	
  
 
  	
  
4+
  	
  
 
  	
  
SAP   BASIS
  	
  
 
  	
  
SAP   Basis Senior Consultant
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  16
  	
  
 
  	
  
Sah   Kaushal
  	
  
 
  	
  
SAP ABAP Consultant
  	
  
 
  	
  
15/08/05
  	
   
 	
  
17/08/78
  	
  
 
  	
  
PGDCA
  	
  
 
  	
  
6+
  	
  
 
  	
  
1
  	
  
 
  	
  
ABAP
  	
  
 
  	
  
SAP   ABAP Consultant
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  17
  	
  
 
  	
  
Singh   Sumit
  	
  
 
  	
  
SAP ABAP Consultant
  	
  
 
  	
  
28/06/05
  	
   
 	
  
19/03/76
  	
  
 
  	
  
B.E   (E&C)
  	
  
 
  	
  
6+
  	
  
 
  	
  
3+
  	
  
 
  	
  
ABAP
  	
  
 
  	
  
SAP   Certfified ABAP resource
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  18
  	
  
 
  	
  
Subramanian   Ananth
  	
  
 
  	
  
Vice President
  	
  
 
  	
  
27/10/05
  	
   
 	
  
10/4/69
  	
  
 
  	
  
BE;   MBA; CPIM
  	
  
 
  	
  
13+
  	
  
 
  	
  
2+
  	
  
 
  	
  
Managerial
  	
  
 
  	
  
Managerial,   Operations and Presales experience
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  19
  	
  
 
  	
  
Tennyson   Ponnyraj
  	
  
 
  	
  
Sr. SAP Functional Consultant
  	
  
 
  	
  
9/5/06
  	
   
 	
  
21/06/74
  	
  
 
  	
  
PGDCA
  	
  
 
  	
  
6+
  	
  
 
  	
  
0.5
  	
  
 
  	
  
SD/CS/MM/ABAP/PM
  	
  
 
  	
  
Senior   Consutant - Multi-skilled
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  20
  	
  
 
  	
  
Thota   Abhishek
  	
  
 
  	
  
Baan Technical Consultant
  	
  
 
  	
  
25/11/06
  	
   
 	
  
20/05/79
  	
  
 
  	
  
MSc   (Comp.Sc)
  	
  
 
  	
  
4+
  	
  
 
  	
  
0.5
  	
  
 
  	
  
BAAN   TECHNICAL
  	
  
 
  	
  
Baan   Technical Consultant. Oracle / Unix Admin for SAP Support. MS Certified SQL   Server professional
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  21
  	
  
 
  	
  
Venkitraman   Rajiv
  	
  
 
  	
  
BaaN Consultant
  	
  
 
  	
  
4/8/01
  	
   
 	
  
7/11/75
  	
  
 
  	

 
  	
  
 
  	
  
6+
  	
  
 
  	
  
4+
 	
  
 
  	
  
BAAN   FUNCTIONAL
 	
   
 
   	
  
Baan   Financials Consultant

 
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  22
  	
  
 
  	
  
Willis   Kirsty
  	
  
 
  	
  
Admin Executive
  	
  
 
  	
  
22/09/03
  	
   
 	
  
8/12/73
  	
  
 
  	
  
GCSE;NVQ   Level 2
  	
  
 
  	
  
7+
  	
  
 
  	
  
3+
  	
  
 
  	
  
General   admin
  	
  
 
  	
  
General   Admin
  

SCHEDULE F

List of Moveable Fixed Assets
 List of Servers & Desktops

	
  Location
  	
   
 	
  
Type
  	
   
 	
  
Model
  	
   
 	
  
Serial No
  	
   
 	
  
Product No
  	
   
 	
  
Issued To
  	
   
 	
  
Condition
  
	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  MK
  	
  
 
  	
  
SVR
  	
  
 
  	
  
Compaq   Proliant 800
  	
  
 
  	
  
8010CSG10059
  	
  
 
  	
  
PL800
  	
  
 
  	
  
Old   Domain Controller
  	
  
 
  	
  
DAMAGED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
SVR
  	
  
 
  	
  
DELL   PowerEdge SC1420
  	
  
 
  	
  
10620998695
  	
  
 
  	
  
4VNGV1J
  	
  
 
  	
  
Domain   Controller
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
SVR
  	
  
 
  	
  
HP   Proliant ML370 G3
  	
  
 
  	
  
800PLH714D
  	
  
 
  	
  
-
  	
  
 
  	
  
Axapta   Server
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
SVR
  	
  
 
  	
  
Unbranded
  	
  
 
  	
  
-
  	
  
 
  	
  
-
  	
  
 
  	
  
New   Act Server
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
Compaq   Presario Desktop 2200
  	
  
 
  	
  
CZB329661L
  	
  
 
  	
  
-
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
DELL   Dimension 2400
  	
  
 
  	
  
16388534359
  	
  
 
  	
  
7J1B61J
  	
  
 
  	
  
Kirsty   Willis
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
DELL   Optiflex GX520
  	
  
 
  	
  
28454614507
  	
  
 
  	
  
D2L552J
  	
  
 
  	
  
Shiva   Patil
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
DELL   Optiflex GX520
  	
  
 
  	
  
24101049835
  	
  
 
  	
  
B2L552J
  	
  
 
  	
  
Sonya   Hawkins
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
DELL   Optiflex GX520
  	
  
 
  	
  
-
  	
  
 
  	
  
-
  	
  
 
  	
  
Finance   Room
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
DELL   Optiflex GX520
  	
  
 
  	
  
-
  	
  
 
  	
  
-
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
Ei   System 5025
  	
  
 
  	
  
4000165700241
  	
  
 
  	
  
914.159
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
Ei   System 5025
  	
  
 
  	
  
4000165700170
  	
  
 
  	
  
914.159
  	
  
 
  	
  
BaaN   Go2MyPC setup
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
Ei   System 5025
  	
  
 
  	
  
4000165700258
  	
  
 
  	
  
914.159
  	
  
 
  	
  
Telephone   System
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
E-Machines   810
  	
  
 
  	
  
QIM3850200362
  	
  
 
  	
  
-
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
DAMAGED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
HP   Brio
  	
  
 
  	
  
NLO2517224
  	
  
 
  	
  
D9099E
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
HP   Brio
  	
  
 
  	
  
NLO3716728
  	
  
 
  	
  
D8963T
  	
  
 
  	
  
BaaN   Test Machine
  	
  
 
  	
  
OUTDATED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
HP   Brio
  	
  
 
  	
  
NLO2519221
  	
  
 
  	
  
D9099E
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
HP   Brio
  	
  
 
  	
  
NLO1715371
  	
  
 
  	
  
D9099E
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DT
  	
  
 
  	
  
HP   Brio
  	
  
 
  	
  
NLO3716766
  	
  
 
  	
  
D8963T
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  

SVR:  Server
 DT:    Desktop
 MK:   Milton Keynes

List of Notebook Computers

	
  Location
  	
   
 	
  
Model
  	
   
 	
  
Serial No
  	
   
 	
  
Product No
  	
   
 	
  
Issued To
  	
   
 	
  
Condition
  
	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  
MK
  	
  
 
  	
  
Acer   Travelmate 4150
  	
  
 
  	
  
LXT760606852810276ED00
  	
  
 
  	
  
TM4151Lmi
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
Good   Working Condition
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
LI
  	
  
 
  	
  
Acer   Travelmate 4150
  	
  
 
  	
  
LXT760606852810310ED00
  	
  
 
  	
  
TM4151Lmi
  	
  
 
  	
  
Vinayak   Gatle
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  LON
  	
  
 
  	
  
Compaq   Presario 2100
  	
  
 
  	
  
CNF3411VSS
  	
  
 
  	
  
DP834E
  	
  
 
  	
  
Sumit   Singh
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
Compaq   Presario 2100
  	
  
 
  	
  
CNF3430BOP
  	
  
 
  	
  
 
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
Good   Working Condition
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
Compaq   Presario 2500
  	
  
 
  	
  
CN30815181
  	
  
 
  	
  
2511EA
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  LI
  	
  
 
  	
  
Compaq   Presario 2500
  	
  
 
  	
  
CNF3471Q25
  	
  
 
  	
  
 
  	
  
 
  	
  
Avinash   Rajan
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
LI
  	
  
 
  	
  
Compaq   Presario 2500
  	
  
 
  	
  
CNF3471ND3
  	
  
 
  	
  
DU590E#ABU
  	
  
 
  	
  
Avinash   Patil
  	
  
 
  	
  
Good   Working Condition
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
Compaq   Presario 2500
  	
  
 
  	
  
TW30616972
  	
  
 
  	
  
2511EA
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
DAMAGED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
Compaq   Presario 2500
  	
  
 
  	
  
CNF4090GGW
  	
  
 
  	
  
DX723E#ABU
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
DAMAGED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
Compaq   Presario 2500
  	
  
 
  	
  
CNF3471P6P
  	
  
 
  	
  
DU590E#ABU
  	
  
 
  	
  
Avinash   Patalay
  	
  
 
  	
  
Good   Working Condition
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
LON
  	
  
 
  	
  
Compaq   Presario 2500
  	
  
 
  	
  
CNF4090G2K
  	
  
 
  	
  
 
  	
  
 
  	
  
Dwarakanath   Ganesan
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DELL   Inspiron 1100
  	
  
 
  	
  
CN-08U782-12961-36D-2074
  	
  
 
  	
  
PP07L
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
DELL   Inspiron 1100
  	
  
 
  	
  
CN-09U782-12961-36D-4856
  	
  
 
  	
  
PP07L
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
Good   Working Condition
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
LI
  	
  
 
  	
  
DELL   Latitude D500
  	
  
 
  	
  
CN-04Y212-48643-38Q-2055
  	
  
 
  	
  
PP05L
  	
  
 
  	
  
Kesagani   Nagaraju
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
DELL   Precision M50
  	
  
 
  	
  
2PB974A01
  	
  
 
  	
  
PP01X
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
Good   Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
DELL   Precision M50
  	
  
 
  	
  
2PG74A01
  	
  
 
  	
  
PP01X
  	
  
 
  	
  
Avinash   Patalay
  	
  
 
  	
  
Good   Working Condition
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
HP   Omnibook XE2
  	
  
 
  	
  
TW02912961
  	
  
 
  	
  
 
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
HP   Omnibook XE3
  	
  
 
  	
  
TW10314984
  	
  
 
  	
  
T18M038
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
LI
  	
  
 
  	
  
HP   Omnibook XE3
  	
  
 
  	
  
TW15205516
  	
  
 
  	
  
T18M038
  	
  
 
  	
  
Sunil   Kumar
  	
  
 
  	
  
Good   Working Condition
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
HP   Omnibook XE3
  	
  
 
  	
  
TW04309683
  	
  
 
  	
  
T18M038
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
DAMAGED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
HP   Omnibook XE3
  	
  
 
  	
  
TW15205519
  	
  
 
  	
  
F2337K
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
HP   Omnibook XE3
  	
  
 
  	
  
TW11619064
  	
  
 
  	
  
F2337K
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  

	
  
MK
  	
  
 
  	
  
HP Omnibook XE3
  	
  
 
  	
  
-
  	
  
 
  	
  
T18M038
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
HP Omnibook XT6200
  	
  
 
  	
  
TW22400215
  	
  
 
  	
  
-
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
DAMAGED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  RED
  	
  
 
  	
  
Packard Bell EasyNote E5
  	
  
 
  	
  
MIT-LYN02
  	
  
 
  	
  
P830401001
  	
  
 
  	
  
Anshu Jain
  	
  
 
  	
  
Good Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
Sony VIAO
  	
  
 
  	
  
281435505101809
  	
  
 
  	
  
PCG - ZIRSP
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
DAMAGED
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
Toshiba Satellite A30-203
  	
  
 
  	
  
Z3407122K
  	
  
 
  	
  
-
  	
  
 
  	
  
David Adams
  	
  
 
  	
  
Good Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
Toshiba Satellite A30-203
  	
  
 
  	
  
14314317K
  	
  
 
  	
  
-
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
DAMAGED
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
Toshiba Satellite S1800   -921
  	
  
 
  	
  
3278373434G
  	
  
 
  	
  
PS183E-00HTT-EN
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
OUTDATED
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
Toshiba Satellite Pro 4600
  	
  
 
  	
  
31671718G SS460-0
  	
  
 
  	
  
PS460E-0002P-EN
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
Good Working Condition
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  MK
  	
  
 
  	
  
Toshiba Pro SPA 40
  	
  
 
  	
  
44062843H
  	
  
 
  	
  
 
  	
  
 
  	
  
AVAILABLE
  	
  
 
  	
  
DAMAGED
  

	
  
LI
  	
  
Lincoln
  
	
  
MK
  	
  
Milton   Keynes
  
	
  
LON
  	
  
London
  
	
  
RED
  	
  
Reading
  

List of Printers

	
  
Location
  	
   
 	
  
Type
  	
   
 	
  
Model
  	
   
 	
  
Serial No
  	
   
 	
  
Product No
  	
   
 	
  
Issued To
  	
   
 	
  
Condition
  
	
  

  	
   
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  
MK
  	
  
 
  	
  
PRINTER
  	
  
 
  	
  
HP   Laserjet 1100
  	
  
 
  	
  
-
  	
  
 
  	
  
-
  	
  
 
  	
  
Unit   7
  	
  
 
  	
  
Good   Working Codition
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
PRINTER
  	
  
 
  	
  
HP   Laserjet 2100
  	
  
 
  	
  
-
  	
  
 
  	
  
-
  	
  
 
  	
  
Unit   8
  	
  
 
  	
  
Good   Working Codition
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
MK
  	
  
 
  	
  
PRINTER
  	
  
 
  	
  
Canon   IR 3100CN
  	
  
 
  	
  
VLY00258
  	
  
 
  	
  
-
  	
  
 
  	
  
Unit   8
  	
  
 
  	
  
Good   Working Codition
  

Schedule G

List of Employees Not being transferred

	
  
Sl.
   No
  	
   
 	
  
Name
  	
   
 	
  
Position /   Title
  	
   
 	
  
Date of   Joining
  	
   
 	
  
Date of   Birth
  	
   
 	
  
Education
  	
   
 	
  
Total   Experience in Years.
  	
   
 	
  
Tenure   with ISGN in Years
  	
   
 	
  
Primary
   Skill
  	
   
 	
  
Brief   Skills
  
	
  

  	
   
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  	
  
 
  	
  

  
	
  
1
  	
  
 
  	
  
David Adams
  	
  
 
  	
  
Vice   President
  	
  
 
  	
  
23/02/2004
  	
   
 	
  
20/08/1949
  	
  
 
  	
  
B.Sc (Hons)
  	
  
 
  	
  
23+
  	
  
 
  	
  
3+
  	
  
 
  	
  
Sales
  	
  
 
  	
  
Sales and Customer   Relationship Management

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]