Document:

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                                                                   EXHIBIT 10.12

                    AGREEMENT REGARDING TERMINATION BENEFITS

This "Agreement Regarding Termination Benefits" ("Agreement") is entered into on
April 21, 2003 (the "Effective Date") between GSI Lumonics Inc., a New
Brunswick, Canada Corporation with Canadian offices at 39 Auriga Drive, Nepean,
Ontario K2E 7T9 Canada (the "Company") and Felix Stukalin with a residential
address of 451 Brook Street, Framingham, MA 01701 ("Employee").

WHEREAS, Employee is employed by the Company as Vice President, Business
Development, a position that the Company has designated as a key managerial
position; and

WHEREAS, the Company and Employee have agreed on certain Termination Benefits in
the event the Employee's employment with the Company terminates under the
conditions described herein.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the
Company and the Employee agree as follows:

1.       Effective Date and Term: This Agreement shall become effective as of
         the date set forth in the opening paragraph. Subject to the provisions
         of Sections 3 and 5 below, this Agreement shall continue in effect for
         a period of one year from the Effective Date and may only be extended
         or renewed by a written amendment, signed by the parties hereto.

2.       Definitions: For purposes of this Agreement, capitalized terms shall be
         defined as follows:

         "Base Salary" shall mean the Employee's annual salary, exclusive of
         benefits, stock options, bonuses, commissions, and incentive payments,
         in effect on the Date of Termination.

         "Cause" shall mean: (i) any material breach by the Employee of any
         agreement between the Employee and the Company or the Company's
         subsidiaries, affiliates or divisions, including without limitation any
         non-competition, non-disclosure, non-solicitation, confidentiality,
         trade secret or other such agreements; (ii) any act (other than
         termination of employment for Good Reason) or omission to act by the
         Employee that would reasonably be likely to have a material adverse
         effect on the business of the Company or the Company's subsidiaries,
         affiliates or divisions, as the case may be; (iii) the failure by the
         Employee to substantially performance the Employee's material duties;
         (iv) the use by the Employee of drugs or of alcohol in a manner which
         materially affects his/her ability to perform his/her employment
         duties; (v) the conviction of the Employee by a court of competent
         jurisdiction of any criminal offense involving dishonesty or breach of
         trust or any felony; or (vi) any material misconduct or material
         violation of the Company's policies by the Employee.

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         "Change in Control" shall mean (i) any Person becomes a beneficial
         owner of thirty percent (30%) or more of the then outstanding shares of
         common stock of the Company or the combined voting power of the
         Company's then outstanding securities; (ii) the Company's stockholders
         approve a complete liquidation or dissolution of the Company, a merger
         or consolidation, or the sale or other disposition of all or
         substantially all of the Company's assets or stock; or (iii) there is
         consummated a merger or consolidation of the Company with another
         corporation. Notwithstanding the foregoing, a Change of Control shall
         not include (x) a consummated merger or consolidation effected to
         implement a recapitalization of the Company (or similar transaction) in
         which no Person is or becomes a beneficial owner of thirty percent
         (30%) or more of the then outstanding shares of common stock of the
         Company or the combined voting power of the Company's then outstanding
         securities; or (y) a consummated merger or consolidation of the Company
         resulting in the voting securities of the Company immediately prior to
         such merger or consolidation continuing to represent (by remaining
         outstanding or by being converted into voting securities of the
         surviving entity or any parent thereof) at least 60% of the combined
         voting power of the securities of the Company or such surviving entity
         or parent thereof outstanding immediately after such merger or
         consolidation; or (z) a shareholder approved sale or disposition of all
         or substantially all of the Company's assets or stock to an entity in
         which at least 60% of the combined voting power of the voting
         securities owned by shareholders are in substantially the same
         ownership proportions immediately before and after such sale or
         disposition.

         "Company" shall mean "GSI Lumonics Inc. and, except in determining
         whether or not a Change of Control of the Company has occurred, shall
         include its successor and assigns, and any corporation or other entity
         which is the surviving or continuing entity following a merger,
         consolidation, or sale of all or substantially all of the Company's
         assets or stock.

         "Date of Termination" shall mean the date the Company designates as the
         last day of Employee's employment with the Company.

         "Disability" shall mean incapacity of the Employee due to physical or
         mental illness such that the Employee shall have been absent from the
         full time performance of his/her duties with the Company for a period
         of six (6) consecutive months or two-hundred and forty (240) days in
         any period of 365 days but such term shall not include death.

         "Good Reason" shall mean any of the following acts by the Company or
         failures by the Company to act unless such act or failure to act is
         corrected within ten (10) days of the Date of Termination specified in
         the Notice of Termination given by the Employee to the Company: (i) a
         substantial adverse change in the nature or scope of the Employee's
         responsibilities, authorities, powers, functions or duties; (ii) a
         reduction in the Employee's annual Base Salary or benefits, except for
         across-the-board reductions similarly affection all or substantially
         all key managerial employees; (iii) the relocation of the office at
         which the Employee is principally employed to a location more than
         fifty (50) miles from such office; or (iv) the Company's failure to
         offer the Employee participation in any benefit plan(s) or include the
         Employee in any incentive plan(s) made available to all or
         substantially all other key managerial employees; provided however,
         that the Employee's failure

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         to meet the participation requirements in such incentive plan or other
         benefit plan or the Employee's failure to meet the requirements for
         receipt of such incentive plan payment or benefit under any such other
         plan will not constitute "Good Reason" within the meaning of this
         Agreement.

         "Notice of Termination: shall mean a written letter from one party to
         the other party indicating in reasonable detail the facts and
         circumstances claimed to provide a basis for termination of the
         Employee's employment and the specific provision in this Agreement
         relied upon.

         "Person" shall mean an individual, corporation, partnership, trust or
         other entity, other than (i) the Company, or its subsidiaries,
         affiliates or divisions, (ii) a trustee or fiduciary holding securities
         under an employee benefit plan of the Company or its subsidiaries or
         affiliates; (iii) an underwriter temporarily holding securities
         pursuant to an offering of such securities; and (iv) a corporation
         owned directly or indirectly by the stockholders of the Company in
         substantially the same proportions as their ownership of stock of the
         Company.

3.       Termination Benefits:

         The Company shall provide the following Termination Benefits to the
         Employee if his/her employment with the Company is terminated (i) by
         the Company for any reason other than for Death, Disability, or Cause,
         regardless of whether prior to, following or relating to a Change of
         Control; or (ii) by the Employee for Good Reason.

         Salary Continuation: The Company shall continue to pay the Employee his
         /her Base Salary as of the Date of Termination for a period of twelve
         (12) months. Under no circumstances shall the Employee receive more
         than a total of twelve (12) months of salary continuation under this
         Agreement. All salary continuation payments shall be in accord with the
         Company's usual pay practices.

         Bonus: At such time as the Company would customarily pay bonuses, the
         Company shall pay the Employee an amount equal to the bonus Employee
         earned pursuant to the terms of the applicable bonus plan, prorated
         based on the number of days the Employee actually worked in the
         calendar year in which the Date of Termination occurs and the bonus was
         earned. No additional bonus payment, other than that which was earned
         prior to the Date of Termination, shall be paid to the Employee.

         Benefits: The Employee's COBRA period shall commence on the first day
         following the expiration of the Employee's salary continuation period.
         During the salary continuation period, the Company shall continue
         contributing to the Employee's medical and dental insurance premiums on
         the same basis it contributes to such premiums for other key managerial
         employees and at the same level in existence prior to the Date of
         Termination. After the expiration of the salary continuation period,
         the Employee may continue his/her medical and dental insurance under
         the Company's medical and dental group plans at his/her own expense for
         the remainder of the COBRA period. All other benefits, including but
         not limited to short and long term disability insurance, life
         insurance, and participation in the employee stock purchase plan shall
         cease as of the Date of Termination.

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         Stock Options: All stock options held by the Employee shall be governed
         exclusively by the terms of the applicable Stock Option Plan and Stock
         Option Agreement (including any successor plan and agreement) under
         which the stock options were granted to the Employee, except that all
         stock options which are outstanding and unexercised as of the Date of
         Termination shall remain outstanding and exercisable for the shorter of
         (a) six (6) months from the Date of Termination, or (b) the remainder
         of the full term of the option pursuant to the applicable Stock Option
         Plan and Agreement. Except as otherwise expressly stated herein, this
         Agreement shall not modify or alter any of the terms applicable to the
         Employee's stock options, including but not limited to the vesting
         schedule.

         Conditions: The Company's obligation to provide and the Employee's
         right to receive any of the Termination Benefits described in this
         Section 3 are conditioned on the (i) Employee signing a release of any
         claims he/she may have against the Company in connection with his/her
         employment by and termination from employment with the Company in a
         form, mutually agreed upon that is customary for such transactions; and
         (ii) Employee's compliance with any post-termination obligations he/she
         may have to the Company arising from any agreement the Employee has
         with the Company, its subsidiaries, affiliates or divisions, including
         but not limited to any non-competition, non-disclosure,
         non-solicitation, confidentiality, trade secret protection or other
         such obligations.

         Taxes and Withholdings: All payments made by the Company to the
         Employee under this Agreement shall be net of any taxes (whether local,
         state, federal, provincial or otherwise) or other required or voluntary
         withholdings or deductions.

         The Employee shall not be eligible for or receive any Termination
         Benefits described above upon the Employee's resignation of or
         retirement from employment with the Company.

4.       Termination Notice: Any purported termination of the Employee's
         employment (other than by reason of Death) shall be communicated by
         written Notice of Termination from one party to the other party and
         shall be deemed to have been duly given when (a) mailed by U.S.
         registered mail, return receipt requested, postage prepaid; (b) sent
         via facsimile with a confirmed facsimile transmission receipt; (c) hand
         delivered to the Employee or to the Chief Executive Officer; or (c)
         sent via overnight delivery with a confirmed receipt of delivery; in
         each instance addressed, if to the Employee or the Company, as the case
         may be at the address noted below or to such other address as either
         party may furnish to the other in writing in accordance herewith,
         except that notice of a change of address shall be effective only upon
         actual receipt.

                  To the Company:

                  GSI Lumonics Inc.
                  C/o GSI Lumonics Corporation
                  39 Manning Road
                  Billerica, MA  01821 USA
                  Attention: General Counsel

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                  To the Employee:

                  __________________________
                  __________________________
                  __________________________

5.       At-Will Employment: Nothing in this Agreement shall be construed as an
         express or implied contract of employment between the Employee and the
         Company (or its subsidiaries, affiliate or divisions) or as a
         commitment on the part of the Company to retain Employee in any
         capacity for any period of time. Employee acknowledges and agrees that
         his/her employment with the Company is on an at-will basis and may be
         terminated at any time, with or without Cause or for any reason, at the
         option of either the Company or Employee, with notice, subject to the
         Company's obligation to provide the Termination Benefits as provided
         for herein.

6.       Successors and Assigns/No Third Party Beneficiaries: This Agreement
         shall inure to the benefit of and be binding upon the successor and
         assigns of each of the parties; provided however, that neither party
         shall assign or delegate any of the obligations created under this
         Agreement without the prior written consent of the other party.
         Notwithstanding the foregoing (i) the Company shall have the
         unrestricted right to assign this Agreement and to delegate all or any
         part of its obligations hereunder to any of its subsidiaries,
         affiliates or divisions, but in such event such assignee shall
         expressly assume all obligations of the Company hereunder and (ii) the
         Company may assign its rights and obligations hereunder to any Person
         who succeeds to all or substantially all of the Company's business,
         assets or stock, whether by merger, consolidation, or purchase of all
         or substantially all of the Company's assets, stock, or business.
         Nothing in this Agreement shall confer upon any Person not a party to
         this Agreement, or the legal representative, executor, administrator or
         heir of such Person, any rights or remedies of any nature or kind
         whatsoever under or by reason of this Agreement, except that (and
         notwithstanding anything in this Agreement to the contrary) if the
         Employee's employment is terminated with the Company as a result of
         Death, then the Employee's heirs shall be entitled to the Salary
         continuation and Bonus payments in Section 3, Termination Benefits in
         addition to any applicable life insurance payments made to such heirs
         as beneficiaries under such life insurance policy, provided such heirs
         sign a release of any assigned claims described under section (i) in
         the Conditions paragraph of Section 3, Termination Benefits.

7.       Waiver and Amendments: Any waiver, alteration, amendment or
         modification o any of the terms of this Agreement shall be valid only
         if made in writing and signed by the parties hereto. No waiver by
         either of the parties hereto of their rights hereunder shall be deemed
         to constitute a waiver with respect to any subsequent occurrences or
         transactions hereunder unless such waiver is in writing and
         specifically states that it is to be construed as a continuing waiver.

8.       Severability and Governing Law: Employee acknowledges and agrees that
         the covenants set forth herein are reasonable and valid. If any of such
         covenants or such other provisions of this Agreement are found to be
         invalid or unenforceable by a final determination of a court of
         competent jurisdiction (i) the remaining terms

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         and provisions hereof shall be unimpaired and (ii) the invalid or
         unenforceable term or provision shall be deemed replaced by a term or
         provision that is valid and enforceable and that comes closest to
         expressing the intention of the invalid and unenforceable term or
         provision. The validity, interpretation, construction and performance
         of this Agreement shall be governed by and the laws of the Commonwealth
         of Massachusetts without regard to its conflict of law principles.

9.       Section Heading: The headings of the Sections and subsections of this
         Agreement are inserted for convenience only and shall not be deemed to
         constitute a part thereof, or affect the meaning or interpretation of
         this Agreement or of any term of provision hereof.

10.      Entire Agreement: This Agreement constitutes the entire understanding
         and agreement of the parties regarding the subject matter of this
         Agreement and supercedes all prior negotiations, discussions,
         correspondence, communications, understandings, representations and
         agreements between the parties, oral or otherwise, express or implied,
         relating to the subject matter of this Agreement.

11.      Counterparts: This Agreement may be executed in one or more
         counterparts, each of which shall be deemed an original and all of
         which together shall be considered one and the same agreement.

IN WITNESS WHEREOF, this Agreement has been executed as a sealed instrument by
the Company, by a duly authorized officer, and by the Employee.

GSI LUMONICS INC.                           EMPLOYEE:

\s\ Charles  D. Winston                              \s\ Felix Stukalin

----------------------------                         ---------------------------
Name: Charles  D. Winston                            Name: Felix Stukalin
Title: President and Chief Executive Officer

                                       6<PAGE>

                                                                   EXHIBIT 10.13

                                     - 1 -

                         AGREEMENT OF PURCHASE AND SALE

This agreement)(the "Agreement") dated as of the 20th day of June, 2003 between
NEGOTIART Inc. "In Trust" (the "Purchaser") and GSI LUMONICS INC. (the "Vendor")
provides for the purchase of the land and premises (the "Property") known as 105
Schneider Road, Ottawa (Kanata), Ontario, Canada as more particularly described
in Schedule "A" to this Agreement. For good and valuable consideration, the
receipt and adequacy of which are acknowledged, the Purchaser and Vendor agree
as follows:

1.       PURCHASE, PURCHASE PRICE AND CLOSING DATE. The Purchaser agrees to
purchase and the Vendor agrees to sell the Property on the terms and conditions
set out in this Agreement and for the purchase price (the "Purchase Price") of
THREE MILLION TWO HUNDRED THOUSAND CANADIAN DOLLARS (CDN $3,200,000.00) payable
as to TWENTY-FIVE THOUSAND CANADIAN DOLLARS (CDN $25,000.00) by cheque to be
delivered by the Purchaser no later than June 24,2003 paid to to the Vendor's
agent, namely Colliers Macaulay Nicolls (Ontario) Inc. "In Trust" to be held as
a deposit (the "Deposit"), and an amount of SEVEN HUNDRED SEVENTY-FIVE THOUSAND
CANADIAN DOLLARS (CDN $775,000), subject to adjustment, payable to the Vendor as
it may direct by cash or certified cheque on the completion of this Agreement.
This transaction will be completed on or before the 29th day of August, 2003
(the "Closing Date"). The balance of TWO MILLION FOUR HUNDRED THOUSAND CANADIAN
DOLLARS (CDN $2,400,000), shall be payable to the Vendor in accordance with the
mortgage terms contained in section 2 of this Agreement.

2.       MORTGAGE TERMS. Vendor agrees to provide to Purchaser, and Purchaser
accepts, a mortgage in the amount of TWO MILLION FOUR HUNDRED THOUSAND CANADIAN
DOLLARS (CDN $2,400,000) substantially in accordance with the terms and
conditions set forth in the mortgage attached as Schedule "B" hereto
("Mortgage") and the terms and conditions in this section 2. The Mortgage shall
be for a period of twenty-five (25) month from the Closing Date which shall be
August 29, 2003. The full amount of the Mortgage shall become due and payable
upon the expiration of the twenty-five (25) month period from the Closing Date
which shall be September 29, 2005. No capital payment of any kind is due from
Purchaser on the Mortgage prior to September 29,2005. The interest rate for the
Mortgage shall be 0% if paid on or before August 29, 2005 and the Purchaser
shall have the right to prepay the Mortgage without bonus or penalty anytime up
to and including August 29,2005. If Purchaser makes any such prepayment then
Vendor agrees to give Purchaser a discount rate on the pre-paid amount from the
date that such pre-payment is made, through September 29, 2005, the maturity
date of the Mortgage, at 2.5% annually.

If payment of the Mortgage is made (i) on or after August 30,2005 through
September 29, 2005 or (ii) during the cure period as contained in Schedule B if
Purchaser does not make the payment on September 29, 2005, interest would accrue
at the rate of 6% per anum on the unpaid balance.

3.       PARTIAL MORTGAGE RELEASE. For purposes of this Agreement the Purchase
Price for the Property shall be allocated as follows:

a. TWO MILLION EIGHT HUNDRED THOUSAND CANADIAN DOLLARS (CDN $2,800,000) for that
parcel as presently described on which the building is located ("Primary
Parcel").

b. FOUR HUNDRED THOUSAND CANADIAN DOLLARS (CDN $400,000) for the two parcels as
presently described on which no structures are located ("Secondary Parcels").

<PAGE>

                                      -2-

Subject to compliance with the Planning Act (Ontario) Vendor shall grant
Purchaser a partial mortgage release of the Secondary Parcels if Purchaser pays
to Vendor as it may direct by cash or certified cheque an amount of FOUR HUNDRED
THOUSAND CANADIAN DOLLARS (CDN $400,000) or Purchaser completes improvements on
the Primary Parcel in the amount of FOUR HUNDRED THOUSAND CANADIAN DOLLARS (CDN
$400,000) and can provide documentation Satisfactory to Vendor showing the
improvements made and their cost.

4.       CONDITIONS.

a.       Purchaser's Conditions. The Purchaser's obligation to carry out the
transactions contemplated by this Agreement is subject to the satisfaction or
waiver by the Purchaser of each of the following conditions by the date
specified, which conditions are for the sole benefit of the Purchaser and which
may be waived by the Purchaser in its sole discretion:

         i.       Due Diligence. This Agreement is conditional upon the
         Purchaser inspection and approval of the physical property by its
         agents, consultants or any other persons as the Purchaser deems
         necessary. The physical inspection shall include but not be limited to
         roof, mechanical, environmental, and structural space inspections, the
         examination of any legal restrictions, rights of way or easements which
         the Vendor is not obliged to discharge on or before the Closing Date,
         and the obtaining of reports satisfactory to the Purchaser at its own
         expense. The Vendor agrees to co-operate with the Purchaser in
         providing reasonable access to the Property for the purpose of this
         inspection and Purchaser agrees that Vendor will have the right to have
         one or more representatives of Vendor accompany Purchaser's
         representatives, agents or designees while they are on the Property.
         Unless the Purchaser gives notice in writing delivered to the Vendor
         not later than 5:00 P.M. Ottawa Time on the 22nd day of August 2003
         (the "Condition Date") that this condition is fulfilled, this Agreement
         shall be null and void and the deposit shall be returned to the
         Purchaser in full (without interest). This condition is included for
         the sole benefit of the Purchaser and may be waived at their option in
         writing to the Vendor within the time period stated herein. Any damage
         resulting from the Purchaser's tests or investigations will be promptly
         repaired at its sole expense.

         ii.      Closing Date. As of the Closing Date, the representations and
         warranties of the Vendor set out in this Agreement will be true and
         accurate and of the same effect as if made on and as of the Closing
         Date and all the terms, covenants and conditions of this Agreement to
         be complied with or performed by the Vendor on or prior to the Closing
         Date will have been complied with or performed.

         iii.     Purchaser's Board Approval. This Agreement is conditional upon
         the Purchaser obtaining final approval from the Board of Directors of
         Negotiart Inc. Unless the Purchaser gives notice in writing delivered
         to the Vendor not later than 5:00 P.M. Ottawa Time on the 25th day of
         June, 2003 that this condition is fulfilled, this Agreement shall be
         null and void and the deposit shall be retained by the Vendor in full
         together with accrued interest.

b.       Vendor's Board Approval. This Agreement is conditional upon the Vendor
obtaining final approval from the Board of Directors of GSI Lumonics Inc. Unless
the Vendor gives notice in writing delivered to the Purchaser not later than
5:00 P.M. Ottawa Time on the 25th day of June, 2003 that this condition is
fulfilled, this Agreement shall be null and void and the deposit shall be
returned to the Purchaser in full together with accrued interest.

<PAGE>

                                     - 3 -

5.       VENDOR'S REPRESENTATIONS. The Vendor covenants, represents and warrants
to and in favour of the Purchaser that:

a.       ENVIRONMENTAL. To the best of the Vendor's knowledge and belief, the
Property has never been used at any time as a landfill or waste disposal site
and that the use and occupation of the Property and condition of the Property do
not contravene any law, by-law, order, ordinance, ruling, regulation, guideline,
policy, certificate, approval, consent or directive of any applicable federal,
provincial or municipal government, department, agency or authority or any court
relating to any environmental matters relating to the Property and the Property
does not contain any contaminant, pollutant, dangerous, noxious or toxic
substance, hazardous waste, flammable, explosive or radioactive material,
ureaformaldehyde foam insulation, asbestos, polychlorinated biphenyls or any
other substance or material ("Hazardous Substance") that may be detrimental to
the environment, including the air, soil, subsoil or surface or ground water at
the Property. The Vendor has not emitted, released, discharged or disposed or
deposited any Hazardous Substance at or near the Property and there are no
claims, actions, prosecutions, charges or any other proceedings, and the Vendor
has received no notice of any such proceedings, which relate to the
environmental status of the Property.

b.       Section 116. The Vendor is not now, and will on the Closing Date not
be, a non-resident of Canada within the meaning of Section 116 of the Income Tax
Act (Canada).

c.       Liabilities. There are no contracts, agreements or employees associated
with the Property in respect of which the Purchaser will incur any liability as
a result of becoming the owner of the Property.

d.       Charges and Levies. There are no local improvement charges, development
charges or special levies outstanding against the Property and there will be no
such charges or levies outstanding against the Property as of the Closing Date.

e.       Work Orders. If any work order, deficiency notice, notice of violation
or other communication from any governmental authority or other regulating
entity is received by the Vendor or the Purchaser on or prior to the Closing
Date, the Vendor will, at its expense, perform any required work or other
actions required pursuant to such communication on or prior to the Closing Date.

f.       No Litigation. There are no actions, suits or proceedings pending or,
to the knowledge of the Vendor, threatened against or affecting the Vendor, the
Property or the occupancy or use of the Property by the Vendor or by the Tenant,
in law or in equity, which could affect the validity of this Agreement or any
transaction provided for in this Agreement, the title to the Property or any
part of the Property, the conveyance of the Property to the Purchaser, the right
of the Purchaser from and after the Closing Date to own, occupy and obtain the
revenue from the Property or any action taken or to be taken in connection with
this Agreement.

g.       No Indebtedness Constituting a Lien. The Vendor will not on the Closing
Date have any indebtedness to any person that might by operation of law or
otherwise constitute a lien, charge or encumbrance on the Property or any part
of the Property or which could affect the right of the Purchaser, from and after
the Closing Date, to own occupy and obtain the revenue from the Property.

<PAGE>

                                      -4-

h.       Licenses, Approvals & Permits. All necessary licenses, approvals and
permits for the construction, occupancy and operation of the Property and for
its existing use have been obtained.

i.       Vacant Possession. The Property is not subject to any lease or
agreement to lease and the Purchaser shall have vacant possession of the
Property on the Closing Date.

6.       PURCHASER'S REPRESENTATIONS. the purchaser covenants, represents and
warrant to and in favour of the vendor that:

a.       Authority to Execute; Organization. Purchaser is validly organized and
in good standing under the laws of the province of its organization, and the
execution of this Agreement, delivery of money and all required documents,
Purchaser's performance of this Agreement and the transaction contemplated
hereby have been duly authorized by the requisite action on the part of the
Purchaser and Purchaser's directors, partners, members, managers or trustees.

b.       Purchaser Acknowledgement. As of the expiration of the Condition Date
Purchaser acknowledges that it has been given a reasonable opportunity to
inspect and investigate the Property, all improvements thereon and all aspects
relating thereto, either independently or through agents and experts of
Purchaser's choosing and that Purchaser is acquiring the Property based upon
Purchaser's own investigation and inspection thereof, but subject to its
reliance on the representations and warranties of the Vendor contained in this
Agreement.

7.       VENDOR'S DELIVERIES/COVENANTS. the vendor will provide to the purchaser
the following:

a.       Survey and other Documentation. The Vendor covenants to make available
to the Purchaser any plan of survey and construction drawings or environmental
studies that are in the possession of the Vendor, For clarity, the Vendor shall
have no responsibility to provide any new or up to date survey except as may be
in the Vendor's possession as of the date of this Agreement. Any surveys, tests,
investigations, or studies, performed by or at the direction of Purchaser shall
be at Purchaser's sole cost and expense.

b.       Miscellaneous Documentation. Between the date of this Agreement and the
Condition Date, the Vendor shall, upon reasonable written request in advance by
the Purchaser, provide the Purchaser with reasonable access to pertinent files,
documents, inspection reports and historical building operating statements that
are in the possession of the Vendor. In addition, the Vendor shall cooperate in
providing reasonable access to Purchaser and its contractors for the purpose of
completing roof, mechanical, environmental, and structural space inspections.
All costs of such inspections shall be the responsibility of Purchaser and shall
be at Purchaser's sole cost and expense. Purchaser shall restore any damage
caused to the Property by Purchaser's entry on the Property for inspection
purposes at Purchaser's sole cost and expense if the transaction contemplated
under this Agreement is not completed.

c.       Material Change(s). The Vendor covenants that until the successful
completion of this transaction, the Vendor will give the Purchaser prompt
written notice of any material change of which the Vendor becomes aware in
respect of any of the documentation delivered pursuant to this Agreement, or any
change of which the Vendor becomes aware in respect of the Property.

d.       Commissions. The Vendor shall pay any real estate commissions payable
in connection with the sale of the Property and indemnify the Purchaser, if
necessary, only for the amount of such commissions.

<PAGE>

                                       -5-

8.       TITLE. Provided that title to the Property will be marketable and free
and clear of all liens, charges, encumbrances, easements, encroachments,
rights-of-way, dower or spousal claims, restrictive covenants, reservations and
defects of every nature or kind other than any building or other restrictions
registered on title to the Property, and any easements or rights-of-way for the
installation of and/or maintenance of services, utilities, provided same have
been complied with to the Closing Date. The Purchaser will be allowed until the
22nd day of August 2003 to examine the title to the Property at its own expense.
If within that time the Purchaser provides any valid objection to title or
description in writing to the Vendor which the Vendor is unable or unwilling to
remove or satisfy and which the Purchaser will not waive, this Agreement will,
at the option of the Purchaser, and notwithstanding any intermediate acts or
negotiations in respect of such objection, terminate and the Deposit and other
monies paid under this Agreement by the Purchaser, together with accrued
interest, will be returned to the Purchaser immediately. The Vendor covenants to
discharge all liens, charges, and other encumbrances on or prior to the Closing
Date and will deliver up vacant possession of the Property on the Closing Date.

9.       ADJUSTMENTS.

a.       Utilities. The amount due on any gas, electric, water, sewer, or other
utility bill relating to the Property shall be paid by Vendor as of the Closing
Date (the day itself to be apportioned to the Purchaser). Any utility deposits
made by Vendor shall be and remain the property of Vendor. Vendor shall
terminate all such utilities in its name as of August 29, 2003 and shall have no
further obligation to pay any such utilities. Purchaser shall be responsible for
notifying all utilities and commencing their own service as of August 30, 2003,
in their name. Purchaser shall be responsible for paying all utilities
commencing August 30,2003.

b.       Realty Taxes. All real estate taxes in respect to any calendar year
prior to the year in which the Closing Date occurs, including penalties,
interest and deferred payments, shall be paid by Vendor on or before the Closing
Date. Purchaser shall have the same obligation for the period of time subsequent
to the calendar year in which the Closing Date occurs. All real estate taxes
attributable to the Property due and payable in the calendar year in which the
Closing Date occurs shall be prorated as of the Closing Date (the day itself to
be apportioned to the Purchaser). If the Closing Date shall occur before the
actual real estate taxes for the year of the Closing Date (i.e., taxes due and
payable in 2003) are known, the apportionment of real estate taxes shall be upon
the basis of the real estate taxes for the immediately preceding year, provided
that if the taxes for the current year are thereafter determined to be more or
less than the real estate taxes for the preceding year (after any appeal in
assessed valuation thereof is concluded) Vendor and Purchaser promptly shall
adjust the proration of such real estate taxes and Vendor or Purchaser, as the
case may be, shall pay to the other any amount required as a result of such an
adjustment. If there is any refund, this shall be prorated between Vendor and
Purchaser based on the Closing Date. For purposes of calculating prorations, all
prorations shall be made on the basis of the actual number of days of the year
and month which have elapsed as of the Closing Date.

c.       Insurance. Any insurance maintained by the Vendor will not be
transferred as of the Closing Date but will remain the responsibility of the
Vendor until the Closing Date. All risk of loss or damage with respect to the
Property shall pass from Vendor to Purchaser on the Closing Date.

10.      GST. No goods and services tax will be paid by the Purchaser to the
Vendor with respect to the purchase by the Purchaser of the Property if the
Purchaser provides to the Vendor on or

<PAGE>

                                       -6-

prior to the Closing Date a certificate of the Purchaser indicating the
Purchaser's registration number for the purposes of the Goods and Services Tax
imposed under the Excise Tax Act (Canada).

11.      CLOSING ARRANGEMENTS AND VENDOR'S DELIVERIES. This Agreement will be
completed at or prior to 5:00 p.m. (Ottawa time) on the Closing Date at the
offices of the Vendor's Solicitors in Ottawa, Ontario. On the Closing Date the
Vendor will deliver to the Purchaser the following documents:

a.       Deed. A registrable transfer/deed to the Property in fee simple;

b.       Certificate. A Certificate of the Vendor certifying that it is not a
non-resident within the meaning of S. 116 of the Income Tax Act (Canada) and
that the representations and warranties of the Vendor contained in this
Agreement are true and accurate as of the Closing Date;

c.       Undertaking. An undertaking to adjust and readjust any items properly
adjustable pursuant to this Agreement.

d.       Keys. All keys and entry devices with respect to the property and the
combination of any locks or vaults.

e.       Other. Such other bills of sale, transfers, assignments, declarations,
discharges, if any, and documents relating to the completion of this Agreement
as may be reasonably necessary and appropriate to complete the transaction
contemplated in this Agreement.

12.      CLOSING DELIVERIES OF THE PURCHASER. The Purchaser will on the Closing
Date deliver to the Vendor the amount of SEVEN HUNDRED SEVENTY-FIVE THOUSAND
CANADIAN DOLLARS (CDN $775,000) by a certified cheque or bank draft payable to
the Vendor, or as the Vendor may in writing direct; an undertaking to readjust;
the GST certificate referred to in Section 10, an executed mortgage in
accordance with section 2, Mortgage Terms, hereof in substantially the form of
Schedule "B" attached hereto, and such other documentation as may be reasonably
necessary and appropriate to complete the transaction contemplated in this
Agreement.

13.      RISK. All buildings and improvements on the Property will be and remain
until the Closing Date at the risk of the Vendor. Until completion of this
Agreement, the Vendor will maintain insurance on the Property in such amounts as
a careful and prudent owner of similar property and premises would maintain.
Pending completion, the Vendor will hold all insurance policies, if any, and the
proceeds from any such policies in trust for the parties as their interests may
appear and In the event of damage, the Purchaser may either terminate this
Agreement and have the Deposit and other monies paid under this Agreement by the
Purchaser returned together with any accrued interest or, at its option, take
the proceeds of any insurance and complete the purchase.

14.      LIABILITY OF PURCHASER. If the Purchaser will default in the
performance of any obligation under this Agreement and such default entitles the
Vendor to terminate this Agreement, such right of termination will be the
Vendor's only remedy and the, Vendor will be entitled to retain the Deposit as
liquidated damages and not as a penalty.

15.      CONFIDENTIALITY. Vendor and Purchaser hereby covenant and agree that,
at all times after the date of execution hereof and prior to the Closing Date,
unless consented to in writing by the

<PAGE>

                                      - 7 -

other party, no press release or other public disclosure concerning this
transaction shall be made, and each party agrees to use best efforts to prevent
disclosure of this transaction, other than (i) to directors and officers of the
parties, and employees, prospective mortgage lenders of Purchaser, solicitors,
accountants, agents and affiliates of the parties who are Involved in the
ordinary course of business with this transaction, all of which shall be
instructed to comply with the confidentiality provisions hereof or (ii) as
required by law. Upon termination of this Agreement for any reason by either
party, Purchaser shall have the obligation to return to Vendor all documents and
copies thereof and any other information received by Purchaser from Vendor or
Vendor's agents with respect to the Property ("Information ")and shall not
disclose to any third party the contents thereof. Vendor shall have no
obligation to return any sums due Purchaser until all Information has been
returned to Vendor.

16.      ASSIGNMENT. Neither party may assign this Agreement and/or the Mortgage
without the prior written consent of the other party which consent shall not be
unreasonably withheld.

17.      GENERAL. Any tender of documents or money may be made upon the Vendor
or the Purchaser or upon their respective solicitors and money may be tendered
by certified cheque or bank draft drawn on a Canadian Chartered Bank. This
Agreement will be binding upon and inure to the benefit of the Vendor and the
Purchaser and their respective successors and assigns. This Agreement may be
executed in any number of counterparts, each of which will be deemed to be an
original and all of which taken together will be deemed to constitute one and
the same Agreement. Counterparts may be executed either in an original or fax
form and the parties agree to adopt any signature received by facsimile as
original signatures, provided however that any party providing its signature in
such manner promptly forwards to the other party an original of the signed copy
of the Agreement which, was so faxed. This Agreement will be governed and
construed in accordance with the laws of the Province of Ontario and the laws of
Canada applicable to this Agreement and will be treated in all respects as an
Ontario contract. The use of headings in this Agreement is for convenience of
reference only and will not affect the meaning or construction of this
Agreement. This Agreement constitutes the entire Agreement between the parties
pertaining to the subject matter of this Agreement and supersedes all prior
agreements, warranties or representations, discussions and negotiations with
respect to this Agreement, whether oral or written. If the time limited for the
performance or completion of any matter in this Agreement does not fall on a day
that the public offices for registering documents to be delivered pursuant to
this Agreement are open for business (a "Business Day"), the time so limited
will extend to the next following Business Day. The parties will promptly do,
execute, deliver or cause to be done, executed and delivered all further acts,
documents and things to carry out the true intent of this Agreement. In the
event of a conflict between the terms and conditions of the body of this
Agreement and Schedule "B" hereto, the terms and conditions contained in the
body of this Agreement shall take precedence over the terms and conditions
contained in Schedule "B" hereto.

18.      PLANNING ACT. This Agreement will be effective to create an interest in
the Property only if the provisions of the Planning Act (Ontario) are complied
with.

19.      NOTICE. Any notice, certificate, consent, waiver, amendment or other
written communication required or permitted to be given under the Agreement will
be in writing made by the parties or their respective solicitors and will be
effectively given and made if delivered personally or by facsimile
communication, in the case of the Vendor, addressed to it at:

         GSI Lumonics Inc.
         39 Manning Road

<PAGE>

                                      -8-

         Bellerica,MA 01821
         U.S.A
         Attention: Mr. Charles Winston, President and Chief Executive Officer
         Facsimile No.: (978) 663-9466

and in the case of the Purchaser, addressed to it at:

         Negotiart Inc.
         4 Cyrus Court
         Ottawa, Ontario
         K2H9C9
         Attention: Mr. Tony Isaac, President
         Facsimile No.: (613)762-2092

Any communication given or made will be deemed to have been given or made on the
day it was received unless (i) it was received after 5 p.m.; or (ii) if such day
is not a Business Day, in each of which cases it will be deemed to have been
given and made and to have been received on the next following Business Day.

20.      COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which will be deemed an original, but all of which
together will constitute one and the same instrument.

IN WITNESS WHEREOF the parties have executed this Agreement.

NEGOTIART INC. "IN TRUST"                        GSI LUMONICS INC.

By:/s/ Tony Isaac                              By:/s/ Thomas R. Swain
   ----------------------------                   ------------------------------
Name:  Tony Isaac                              Name:  Thomas R. Swain
Title: President                               Title: Vice President & CFO

<PAGE>

                                       -9-

                                  SCHEDULE "A"
                        LEGAL DESCRIPTION OF THE PROPERTY

         PIN 04516-0012 and

         PIN 04516-0013 and

         PIN 04516-0036

         ALL AS FURTHER DESCRIBED IN SCHEDULE B

<PAGE>

                                      -10-

                                  SCHEDULE "B"

                          MORTGAGE TERMS AND CONDITIONS

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