SYMPHONY BUSINESS ALLIANCE AGREEMENTStrategic Alliance Agreement |
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Alliance Agreement dated February 27, 2004+ADw-/title+AD4-
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+ADw-o:LastAuthor+AD4-E. Russell McGregor
III+ADw-/o:LastAuthor+AD4-
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FOR PORTIONS OF PAGES 5 AND 6 OF THIS DOCUMENT. PORTIONS FOR WHICH
CONFIDENTIAL TREATMENT IS REQUESTED ARE DENOTED BY +AFsAKgBd-.
CONFIDENTIAL INFORMATION OMITTED HAS BEEN FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION +ADw-/span+AD4APA-/p+AD4- +ADw-p
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AGREEMENT +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p
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AGREEMENT+ADw-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- is made the 27th day of February
2004 +ADw-/span+AD4APA-/p+AD4- +ADw-p
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style+AD0-'font-size:10.0pt'+AD4-Symphony House Berhad (Company No.
592563-P) (+IBw-SHB+IB0-)+ADw-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-, a company incorporated in
Malaysia under the Act (as defined hereunder), and having its
registered office at Level 17, Menara Milenium, Jalan Damanlela,
Pusat Bandar Damansara, 50490, Kuala Lumpur, Malaysia, of the one
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style+AD0-'font-size:10.0pt'+AD4-Vsource (Malaysia) Sdn Bhd
(Company No. 502982-W)
(+IBw-V-COE+IB0-),+ADw-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- a company incorporated in
Malaysia under the Act (as defined hereunder) and having its
registered office at Level 41, Suite B, Menara Maxis, Kuala Lumpur
City Centre, 50088 Kuala Lumpur, Malaysia, of the second part+ADs-
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style+AD0-'font-size:10.0pt'+AD4-Vsource Inc
(+IBw-VSCE+IB0-),+ADw-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- a company incorporated in
Delaware, the United States of America, pursuant to the laws of the
State of Delaware, United States of America and having its
headquarters at 7855 Ivanhoe Avenue, Suite 200, La Jolla,
California 92037, United States of America, of the third part+ADs-
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style+AD0-'font-size:10.0pt'+AD4-SHB, V-COE and VSCE shall be
referred to in this Agreement individually as +IBw-Party+IB0- and
collectively as +IBw-the Parties+IB0-. +ADw-/span+AD4APA-/p+AD4-
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style+AD0-'font-size:10.0pt'+AD4-Pursuant to a Sale and Purchase
Agreement dated 11 December 2003 between SHB and VSCE
(+IBwAPA-b+AD4-SPA+ADw-/b+AD4gHQ-), SHB had agreed to acquire from
VSCE, 30.34+ACU- of the enlarged share capital of V-COE for a cash
consideration of RM27,855,392. It was also a condition precedent to
Completion (as defined hereunder) of the SPA that SHB, VSCE and
V-COE shall enter into a business agreement to regulate their
inter-company relationship following the Completion of the SPA.
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style+AD0-'font-size:10.0pt'+AD4-Upon or after the Completion of
the SPA, V-COE will enter into sub-contracts with the nominated
subsidiaries of SHB, setting out the terms governing the provision
of services by V-COE or any member of the V-COE Group (as defined
hereunder), as sub-contractor to the clients of SHB and its related
corporations (+IBwAPA-b+AD4-Symphony Sub-contracts+ADw-/b+AD4gHQ-).
The Symphony Sub-contracts will be premised upon the terms of the
business structure set out in this Agreement.
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style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-C.+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-V-COE is a wholly owned subsidiary
of VSCE. It is the intention of the Parties that upon or after the
Completion of the SPA, V-COE will enter into sub-contracts with
VSCE, setting out the terms governing the provision of services by
V-COE or any member of the V-COE Group, as sub-contractor, to the
clients of VSCE and its related corporations (+IBwAPA-b+AD4-VSCE
Sub-contracts+ADw-/b+AD4gHQ-). Simultaneous with the execution of
this Agreement, V-COE will enter into a separate business alliance
agreement with VSCE and SHB, setting out the terms of the business
structure upon which the VSCE Sub-contracts will be premised.
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4--1- +ADw-/span+AD4APA-/p+AD4-
+ADw-div class+AD0-MsoNormal align+AD0-center
style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3
width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI-
align+AD0-center+AD4- +ADw-/div+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-1.+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-DEFINITIONS
AND INTERPRETATION +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-1.1+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Definitions+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-1.1.1+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Whenever used in this Agreement,
unless the context shall otherwise require, the following
expressions shall have the following meanings:
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4-+ADw-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-Act+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means the
Malaysian Companies Act of 1965+ADs- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-Agreed Gross
Margin+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means, with
respect to each Malaysian BPO Contract that the Symphony Group
enters into with a client and for which the V-COE Group is
delivering BPO Services pursuant to a Symphony Sub-contract, an
amount as determined in good faith by the V-COE Pricing Committee
that is equivalent to the difference between the annual revenue
derived from BPO Services under such Malaysian BPO Contract and the
Agreed Contract Costs+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-Agreed+ACY-nbsp+ADs-Contract+ACY-nbsp+ADs-Costs+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means, as
determined in good faith by the V-COE Pricing Committee, the actual
annual cost of the Symphony Group+IBk-s personnel, infrastructure,
technology, out-of-pocket expenses, depreciation and amortization
of fixed assets and licences associated with the delivery of BPO
Services under a Symphony Sub-contract in connection with a
Malaysian BPO Contract+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-BPO
Services+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means the
provision of customized business process outsourcing and human
capital management solutions+ADs- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-Business
Day+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means a day
(other than a Saturday, a Sunday or a public holiday) on which
banks in Kuala Lumpur and Hong Kong (as the case may be) are open
for business+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-Completion+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means the
completion of the SPA subject to the terms and conditions of the
SPA+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-Malaysian BPO
Contracts+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means
contracts entered into or originated by the Symphony Group relating
to the delivery of BPO Services to Malaysian companies and their
related corporations+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-Symphony
Group+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means SHB,
its present and future subsidiaries and related corporations+ADs-
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-V-COE
Group+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means V-COE
and its present and future subsidiaries, including without
limitation Vsource (Japan) Limited and Vsource Taiwan Insurance
Broker Limited Company+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-V-COE Pricing
Committee+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means a
sub-committee to be set up by the Board of Directors of V-COE after
the Completion of the SPA, which shall be chaired by the chief
executive officer of V-COE, with its members represented by one
V-COE director nominated by VSCE and one V-COE director nominated
by SHB respectively+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-34+ACUAIg- valign+AD0-top
style+AD0-'width:34.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
12.25pt+ADs-text-indent:-12.25pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHA-VSCE Business Alliance
Agreement+IB0APA-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:.75pt+ADs-margin-left:
79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-means the
business alliance agreement of even date entered into between
V-COE, VSCE and SHB. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-1.2+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Interpretation+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-1.2.1+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-In this Agreement, unless the
context otherwise requires:- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(a)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-words denoting the singular number
include the plural number and vice-versa+ADs-
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4--2- +ADw-/span+AD4APA-/p+AD4-
+ADw-div class+AD0-MsoNormal align+AD0-center
style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3
width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI-
align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table
class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(b)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-words denoting the masculine
gender shall include the feminine and neuter genders and
vice-versa+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(c)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-reference to persons shall include
bodies corporate, unincorporated associations and partnerships+ADs-
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4-+ADw-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(d)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-reference to Clauses and Schedules
are reference to clauses and schedules to this Agreement unless
otherwise specified+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(e)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-reference to any legislation or to
any provision of legislation shall include any modification or
re-enactment of that legislation and all regulations, guidelines,
practice notes and statutory instruments issued under such
legislation or provision made in pursuance thereof as from time to
time modified or re-enacted whether before or after the date of
this Agreement, so far as such modification or re-enactment,
applies or is capable of applying to any transactions entered into
pursuant to this Agreement and (so far as liability thereunder may
exist or can arise) shall include also any past statutory
provisions, regulations, guidelines, practice notes (as from time
to time modified or re-enacted) which have directly or indirectly
been replaced. For the avoidance of doubt, if such modification or
re-enactment has the retrospective effect of increasing the
liability of either Party hereunder, the other Parties may, in good
faith, review the effect or impact of such modification or
re-enactment on the affected Party in the context of this
Agreement, and may agree to such other terms and conditions as may
be necessary, to address the said effect or impact on the affected
Party+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(f)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-headings to the Clauses and
Schedules of this Agreement are inserted for convenience only and
shall not affect the construction or interpretation of this
Agreement+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(g)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-where a word or a phrase is
defined, other parts of speech and grammatical forms of that word
or phrase shall have corresponding meanings+ADs-
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
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Contracts:+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Unless this Agreement is
terminated in accordance with Clause 7 of this Agreement, the V-COE
Group will have a first right of refusal to deliver BPO Services,
as primary sub-contractor, to clients with which the Symphony Group
has entered into new Malaysian BPO Contracts, on the understanding
that: +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-5+ACUAIg-
style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(a)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-the revenue earned by the V-COE
Group on each Symphony Sub-contract shall be equivalent to the
Agreed Contract Costs plus +AFsAKg-Confidential information omitted
and filed separately with the Securities and Exchange
Commission+AF0AJQ- of the Agreed Gross Margin+ADs- and
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-5+ACUAIg-
style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(b)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-the V-COE Group will undertake in
each Symphony Sub-contract to deliver the specified sub-contracted
BPO Services to the relevant Symphony Group client in accordance
with the service level agreements set forth in the relevant
Malaysian BPO Contract. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-The V-COE Group shall continue to
have the first right of refusal to deliver the BPO Services in the
manner stipulated herein upon each successive renewal of such
Malaysian BPO Contract. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.1.2+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-V-COE as primary
contractor:+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- The Parties hereby agree that new
Malaysian BPO Contracts with the Symphony Group clients may be
entered into directly by any member of the V-COE Group as the
primary or sole contractor, if so requested by the relevant client.
In each such case, the relevant member of the V-COE Group shall pay
to SHB the management fee set out in Clause 3.2 herein.
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.1.3+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-The Parties further agree that the
Gross Margin referred to in Clause 2.1.1 shall continue to be
payable by the Symphony Group to the V-COE Group for each
successive renewal of the Malaysian BPO Contracts between the
Symphony Group and the Symphony Group clients.
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.1.4+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-For the avoidance of doubt, the
V-COE Group will remain as the primary contractor to provide BPO
Services to Malaysian companies and their subsidiaries under MNC
BPO Contracts (as defined in the VSCE Business Alliance Agreement)
to which any member of the V-COE Group is a party and are
subsisting as of the date of Completion of the SPA, and the V-COE
Group will not be required to compensate SHB or any member of the
Symphony Group for services provided in respect of these MNC BPO
Contracts except if otherwise or as mutually agreed.
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.1.5+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-The Parties further acknowledge
that the Symphony Group currently provides BPO Services in
accounting, cheque and payroll processing to certain clients and
consequently, the Parties agree that the first right of refusal
referred to in Clause 2.1.1 shall not be applicable for:
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-5+ACUAIg-
style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(a)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Malaysian BPO Contracts with a
value of less than RM500,000 per annum+ADs-
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-5+ACUAIg-
style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(b)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Malaysian BPO Contracts with
companies and entities that are currently existing clients of the
Symphony Group+ADs- and +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-5+ACUAIg-
style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
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style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-(c)+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Malaysian BPO Contracts for the
provision of cheque processing services irrespective of the value
attached to the relevant contract. +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.1.6+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
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0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-The Parties further agree that the
execution of this Agreement and the VSCE Business Alliance
Agreement shall be deemed satisfaction of the condition precedent
referred to in Clause 4.1.3 of the SPA. +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3.
+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-PRICING,
MANAGEMENT FEES AND SUB-CONTRACT FEES
+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
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cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
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style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3.1+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4-+ADw-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Pricing:+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3.1.1+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
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0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-The Parties further agree that the
pricing of any new Malaysian BPO Contracts with multinational and
Malaysian companies shall be subjected to the approval of the V-COE
Pricing Committee, which approval shall not be unreasonably
withheld or delayed. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4--4- +ADw-/span+AD4APA-/p+AD4-
+ADw-div class+AD0-MsoNormal align+AD0-center
style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3
width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI-
align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table
class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3.1.2+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Any decision of the V-COE Pricing
Committee shall be unanimous and decided by all three (3) members
of the V-COE Pricing Committee. If there should be any deadlock or
impasse amongst the members of the V-COE Pricing Committee, the
matter shall, unless VSCE and SHB otherwise agree, be referred to
mediation in accordance with the terms set out in this Agreement.
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3.2+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Malaysian BPO Contracts where
V-COE Group is the primary or sole
contractor+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-: +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3.2.1+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-SHB shall be entitled to a
management fee amounting to +AFsAKg-Confidential information
omitted and filed separately with the Securities and Exchange
Commission+AF0AJQ- of the Agreed Gross Margin
(+IBwAPA-b+AD4-Symphony Management Fee+ADw-/b+AD4gHQ-) for each new
Malaysian BPO Contract where the said contract, at the request of
the client, is executed between the relevant client and any member
of the V-COE Group, with such member of the V-COE Group as the
primary or sole contractor (+IBwAPA-b+AD4-Direct Malaysian BPO
Contract+ADw-/b+AD4gHQ-). The Management Fee shall continue to be
payable by the relevant member of the V-COE Group to SHB for each
successive renewal of such Direct Malaysian BPO Contract.
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3.2.2+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-The Symphony Management Fee shall
be paid by V-COE to SHB within seven (7) Business Days of receipt
by the V-COE Group of any payment from the relevant client for the
performance of the V-COE Group+IBk-s services under the relevant
Direct Malaysian BPO Contract. +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3.3+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Symphony
Sub-contracts:+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- Save as otherwise provided in the
relevant Symphony Sub-contract, the V-COE Group+IBk-s
sub-contracting fees shall be invoiced to SHB on a
+IBw-back-to-back+IB0- basis to match the times that SHB or a
member of the Symphony Group will invoice clients under the
relevant Malaysian BPO Contracts or renewed Malaysian BPO
Contracts, as the case may be, and such invoiced fees shall be paid
by SHB to V-COE within seven (7) Business Days of receipt by the
Symphony Group of the corresponding payment from the relevant
clients under the relevant Malaysian BPO Contract or renewed
Malaysian BPO Contract, as the case may be.
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-4.+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-REPRESENTATIONS
AND WARRANTIES +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-4.1+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Each Party hereby represents and
warrants to the other Parties that: +ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-5+ACUAIg-
style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top
style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-4.1.1+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-1+ACUAIg- valign+AD0-top
style+AD0-'width:1.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-it is a company incorporated and
validly existing under the laws of the country of its incorporation
and has full power and authority to enter into this Agreement+ADs-
+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
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style+AD0-'font-size:10.0pt'+AD4-the execution, delivery and
performance of this Agreement is within each Party+IBk-s respective
corporate power, have been duly authorised by all necessary
corporate actions and do not contravene each Party+IBk-s respective
memorandum and articles of association+ADs-






