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aperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart Pg1}{\bkmkend Pg1}\par\pard\ql
\li4666\sb0\sl-322\slmult0 \par\pard\ql\li4666\sb0\sl-322\slmult0
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\up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf7\f8\fs28\ul Shareholders Agreement
\par\pard\ql \li1800\sb0\sl-276\slmult0 \par\pard\ql\li1800\sb0\sl-276\slmult0
\par\pard\ql\li1800\sb264\sl-276\slmult0 \up0 \expndtw-5\charscalex100
\ul0\nosupersub\cf2\f3\fs24 This Shareholders Agreement is made on
\u8230?\u8230?\u8230?\u8230?\u8230?..by and between: \par\pard\ql \li2160\sb0\sl-
276\slmult0 \par\pard\ql\li2160\sb268\sl-276\slmult0 \up0 \expndtw-4\charscalex100
1. Mr. \u8230? with residence at .., (hereinafter
\u8216?\ul0\nosupersub\cf3\f4\fs24 X\ul0\nosupersub\cf2\f3\fs24 \u8217?);
\par\pard\ql \li2160\sb0\sl-276\slmult0 \par\pard\ql\li2160\sb8\sl-276\slmult0 \up0
\expndtw-4\charscalex100 2. Mr \u8230?. with residence at (hereinafter
\u8216?\ul0\nosupersub\cf3\f4\fs24 Y\ul0\nosupersub\cf2\f3\fs24 \u8217?);
\par\pard\li2160\sb0\sl-276\slmult0\par\pard\li2160\sb10\sl-
276\slmult0\fi0\tx2520\tx4818 \up0 \expndtw0\charscalex100 3.\tab \up0
\expndtw0\charscalex100 \u8230?. nv, a Belgian\tab \up0
\expndtw0\charscalex100 \u8216?naamloze vennootschap\u8217?, with registered
office at\par\pard\li2160\sb0\sl-276\slmult0\fi359 \up0
\expndtw0\charscalex100 \u8230?\u8230?\u8230?\u8230?\u8230?\u8230?.., (hereinafter
the \u8216?Company\u8217?), validly represented by its
founder\par\pard\li2160\sb0\sl-276\slmult0\fi359 \up0 \expndtw0\charscalex100
shareholder Mr. X;\par\pard\li2160\sb276\sl-276\slmult0\fi0\tx2520 \up0
\expndtw0\charscalex100 4.\tab \up0 \expndtw0\charscalex100 \u8230?\u8230?..
Finance nv, a Belgian \u8216?naamloze vennootschap\u8217?, with registered office
at\par\pard\li2160\sb0\sl-276\slmult0\fi359 \up0 \expndtw0\charscalex100
\u8230?\u8230? (hereinafter \u8216?\ul0\nosupersub\cf3\f4\fs24
Z\ul0\nosupersub\cf2\f3\fs24 \u8217?), validly represented by Mr\u8230?\u8230? and
Mr\u8230?..;\par\pard\li2160\sb276\sl-276\slmult0\fi0\tx2519\tx10140 \up0
\expndtw0\charscalex100 5.\tab \up0 \expndtw0\charscalex100 \u8230?\u8230? nv, a
Belgian \u8216?naamloze vennootschap\u8217?, with registered office at\tab \up0
\expndtw0\charscalex100 \u8230?,\par\pard\li2160\sb0\sl-276\slmult0\fi359 \up0
\expndtw0\charscalex100 (hereinafter \u8216?\ul0\nosupersub\cf3\f4\fs24
B\ul0\nosupersub\cf2\f3\fs24 \u8217?), validly represented by Mr.
\u8230?\u8230?.\par\pard\qj \li1800\sb0\sl-280\slmult0 \par\pard\qj\li1800\sb0\sl-
280\slmult0 \par\pard\qj\li1800\ri1608\sb251\sl-280\slmult0 \up0 \expndtw-
1\charscalex100 WHEREAS the Company has acquired full and unrestricted ownership of
certain assets \up0 \expndtw-3\charscalex100 from B (hereinafter the \u8216?
Assets\u8217?), pursuant to an Asset Purchase Agreement dated \u8230?\u8230?.,
\up0 \expndtw-4\charscalex100 attached as Schedule 1 hereto; \par\pard\qj
\li1800\ri1607\sb260\sl-280\slmult0 \up0 \expndtw-3\charscalex100 WHEREAS the
Company is seeking financial support for the execution of the scheduled \line
\up0 \expndtw-4\charscalex100 payment for such Assets as agreed to in the
aforementioned Asset Purchase Agreement; \par\pard\qj \li1800\ri1608\sb280\sl-
280\slmult0 \up0 \expndtw0\charscalex109 WHEREAS Z is willing to grant such
financial support under certain terms and \up0 \expndtw-5\charscalex100 conditions;
\par\pard\ql \li1800\sb0\sl-276\slmult0 \par\pard\ql\li1800\sb268\sl-276\slmult0
\up0 \expndtw-3\charscalex100 NOW THEREFORE THE PARTIES HAVE AGREED AS FOLLOWS:
\par\pard\li1800\sb0\sl-276\slmult0\par\pard\li1800\sb0\sl-
276\slmult0\par\pard\li1800\sb12\sl-276\slmult0\fi0\tx2520 \up0 \expndtw-
3\charscalex100 \ul0\nosupersub\cf3\f4\fs24 1\tab \up0 \expndtw-3\charscalex100
\ul0\nosupersub\cf6\f7\fs24\ul Payment schedule of the purchase price of the
Assets\ul0\nosupersub\cf3\f4\fs24 .\par\pard\qj \li1800\sb0\sl-280\slmult0
\par\pard\qj\li1800\ri1607\sb261\sl-280\slmult0 \up0 \expndtw-3\charscalex100
\ul0\nosupersub\cf2\f3\fs24 Pursuant to the Asset Purchase Agreement dated
\u8230?\u8230?\u8230?\u8230?, the full consideration for the \up0 \expndtw-
4\charscalex100 Assets will be \u8230?\u8230?\u8230?\u8230?\u8230? Euro of
which : \par\pard\ql \li2880\sb264\sl-276\slmult0\tx3239 \up0 \expndtw-
3\charscalex100 -\tab \up0 \expndtw-3\charscalex100 .000 Euro will be paid in cash
on \u8230?\u8230?\u8230?\u8230?. \par\pard\ql \li10320\sb0\sl-276\slmult0
\par\pard\ql\li10320\sb0\sl-276\slmult0 \par\pard\ql\li10320\sb0\sl-276\slmult0
\par\pard\ql\li10320\sb0\sl-276\slmult0 \par\pard\ql\li10320\sb120\sl-
276\slmult0 \up0 \expndtw-3\charscalex100 1
\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart Pg2}
{\bkmkend Pg2}\par\pard\qj \li1800\sb0\sl-260\slmult0 \par\pard\qj\li1800\sb0\sl-
260\slmult0 \par\pard\qj\li1800\sb0\sl-260\slmult0 \par\pard\qj\li1800\sb0\sl-
260\slmult0 \par\pard\qj\li1800\ri1609\sb165\sl-260\slmult0 \up0
\expndtw0\charscalex100 \ul0\nosupersub\cf2\f3\fs24 For the remaining part of the
payment the Company has been granted a Vendor\u8217?s Loan \up0 \expndtw-
5\charscalex100 from B to be repaid as follows : \par\pard\ql \li2880\sb0\sl-
276\slmult0 \par\pard\ql\li2880\sb11\sl-276\slmult0 \up0 \expndtw-2\charscalex100 -
.. Euro will be paid in cash on \par\pard\li2880\sb8\sl-276\slmult0\fi0\tx3239 \up0
\expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 100.000 Euro will be
paid in cash on\par\pard\li2880\sb0\sl-276\slmult0\fi0\tx3239 \up0 \expndtw-
2\charscalex100 -\tab \up0 \expndtw-1\charscalex100 \u8230?. Euro will be paid in
cash at any time before \u8230? it being agreed that, in\par\pard\qj
\li3240\ri1608\sb0\sl-280\slmult0 \up0 \expndtw-3\charscalex100 case such amount
would not have been reimbursed by that date, such loan \up0 \expndtw-
3\charscalex100 will have to be converted in Class C shares of the Company. Such
Class C \up0 \expndtw-4\charscalex100 shares will be issued at the price of
\u8230?..Euro per share. \par\pard\li1800\sb0\sl-
276\slmult0\par\pard\li1800\sb268\sl-276\slmult0\fi0\tx2520 \up0 \expndtw-
3\charscalex100 \ul0\nosupersub\cf3\f4\fs24 2\tab \up0 \expndtw-3\charscalex100
\ul0\nosupersub\cf6\f7\fs24\ul Equity of the Company\par\pard\li1800\sb0\sl-
276\slmult0\par\pard\li1800\sb273\sl-276\slmult0\fi0 \up0 \expndtw-
1\charscalex100 \ul0\nosupersub\cf2\f3\fs24 Following the execution of this
Agreement, the subscribed capital of the Company, paid-\par\pard\li1800\sb0\sl-
276\slmult0\fi0 \up0 \expndtw-2\charscalex100 in in cash, will be as
follows:\par\pard\li2880\sb0\sl-276\slmult0\par\pard\li2880\sb276\sl-
276\slmult0\fi0\tx3239 \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-
1\charscalex100 \u8230?.. Class A shares at 100 Euro per share, of which \u8230?..
shares have been\par\pard\li2880\sb0\sl-276\slmult0\fi360 \up0 \expndtw-
2\charscalex100 subscribed by X and \u8230? shares by Y;\par\pard\li2880\sb276\sl-
276\slmult0\fi0\tx3239 \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-
2\charscalex100 \u8230?\u8230?. Class B shares at 110 Euro per share, subscribed
by Z.\par\pard\ql \li1800\sb0\sl-276\slmult0 \par\pard\ql\li1800\sb272\sl-
276\slmult0 \up0 \expndtw-4\charscalex100 The Company further authorizes the issue
a number of share warrants as follows: \par\pard\ql \li2880\sb0\sl-276\slmult0
\par\pard\ql\li2880\sb268\sl-276\slmult0\tx3239 \up0 \expndtw-3\charscalex100 -\tab
\up0 \expndtw0\charscalex109 \u8230?. Class A shares at 100 Euro per share,
allocated to X and to be \par\pard\ql \li3240\sb4\sl-276\slmult0 \up0 \expndtw-
5\charscalex100 exercised at any time before December 31, 2006 \par\pard\ql
\li2880\sb4\sl-276\slmult0\tx3239\tx5744 \up0 \expndtw-3\charscalex100 -\tab
\up0 \expndtw0\charscalex113 \u8230?. Class A shares at \tab \up0
\expndtw0\charscalex113 100 Euro per share, to be allocated by the \par\pard\qj
\li3240\ri1607\sb0\sl-280\slmult0 \up0 \expndtw0\charscalex107 Company\u8217?s
Board of directors to employees of the Company, to be \up0 \expndtw-5\charscalex100
exercised at any time before December 31, 2006. \par\pard\li1800\sb0\sl-
276\slmult0\par\pard\li1800\sb274\sl-276\slmult0\fi0\tx2520 \up0 \expndtw-
3\charscalex100 \ul0\nosupersub\cf3\f4\fs24 3\tab \up0 \expndtw-3\charscalex100
\ul0\nosupersub\cf6\f7\fs24\ul Convertible loan by Z\par\pard\qj \li1800\sb0\sl-
273\slmult0 \par\pard\qj\li1800\ri1607\sb269\sl-273\slmult0 \up0
\expndtw0\charscalex100 \ul0\nosupersub\cf2\f3\fs24 Z agrees and commits to grant
to the Company a convertible loan in the amount of \u8230?.. \up0 \expndtw-
3\charscalex100 Euro, to be repaid over a two year period at an interest rate of
10% per annum, to be paid \up0 \expndtw0\charscalex100 in arrears on a quarterly
basis. Such loan will be granted on request of the Company\u8217?s \up0 \expndtw-
5\charscalex100 Board of Directors not later than December \u8230?. \par\pard\qj
\li1800\sb0\sl-273\slmult0 \par\pard\qj\li1800\ri1605\sb14\sl-273\slmult0 \up0
\expndtw-1\charscalex100 Z reserves the right to convert such loan at any time into
Class B shares at 110 Euro per \up0 \expndtw-4\charscalex100 share or alternatively
to pass such shares on to a third party. In the latter case, X will have \up0
\expndtw0\charscalex107 a right of first refusal to acquire such shares at the same
price that is offered by a \up0 \expndtw-5\charscalex100 bonafide third party.
\par\pard\ql \li10320\sb0\sl-276\slmult0 \par\pard\ql\li10320\sb0\sl-276\slmult0
\par\pard\ql\li10320\sb173\sl-276\slmult0 \up0 \expndtw-3\charscalex100 2
\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart Pg3}
{\bkmkend Pg3}\par\pard\li1800\sb0\sl-276\slmult0\par\pard\li1800\sb0\sl-
276\slmult0\par\pard\li1800\sb0\sl-276\slmult0\par\pard\li1800\sb0\sl-
276\slmult0\par\pard\li1800\sb0\sl-276\slmult0\par\pard\li1800\sb0\sl-
276\slmult0\par\pard\li1800\sb90\sl-276\slmult0\fi0\tx2520
\up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf3\f4\fs24 4\tab \up0 \expndtw-
3\charscalex100 \ul0\nosupersub\cf6\f7\fs24\ul Mission of the
Company\par\pard\qj \li1800\sb0\sl-273\slmult0 \par\pard\qj\li1800\sb0\sl-
273\slmult0 \par\pard\qj\li1800\ri1607\sb6\sl-273\slmult0 \up0
\expndtw0\charscalex106 \ul0\nosupersub\cf2\f3\fs24 Following and based on the
Assets acquired from B, the Company will have as its \up0 \expndtw0\charscalex107
objective to firstly continue and strongly expand the current sales activities of
the \up0 \expndtw-3\charscalex100 products, by offering the \u8230?\u8230? industry
better \u8230?\u8230?\u8230? solutions for a competitive price. It \up0 \expndtw-
4\charscalex100 is recognized that such efforts will be pursued in a mature market.
\par\pard\qj \li1800\sb0\sl-273\slmult0 \par\pard\qj\li1800\ri1607\sb14\sl-
273\slmult0 \up0 \expndtw0\charscalex102 Secondly, the Assets acquired will allow
to also serve the industrial part of the \u8230?\u8230?. \up0
\expndtw0\charscalex103 industry, by facilitating the configuration, measurement,
pricing and delivery of \u8230?.. \up0 \expndtw-4\charscalex100 products and
installations via the internet. Such clients will primarily include \u8230?..
product \up0 \expndtw-5\charscalex100 manufacturers, \u8230?.., \u8230?. and
\u8230?... \par\pard\li1800\sb0\sl-276\slmult0\par\pard\li1800\sb0\sl-
276\slmult0\par\pard\li1800\sb12\sl-276\slmult0\fi0\tx2520 \up0 \expndtw-
3\charscalex100 \ul0\nosupersub\cf3\f4\fs24 5\tab \up0 \expndtw-3\charscalex100
\ul0\nosupersub\cf6\f7\fs24\ul Management of the Company\par\pard\qj
\li1800\sb0\sl-270\slmult0 \par\pard\qj\li1800\sb0\sl-270\slmult0
\par\pard\qj\li1800\ri1607\sb10\sl-270\slmult0 \up0 \expndtw-2\charscalex100
\ul0\nosupersub\cf2\f3\fs24 The Company\u8217?s Board of Directors shall consist of
three Directors. The holders of Class \line \up0 \expndtw0\charscalex104 A shares
shall have the right to nominate two Directors (Class A Directors) and the \line
\up0 \expndtw0\charscalex108 holders of Class B shares shall have the right to
nominate one Director \up0 \expndtw0\charscalex104 (Class B \par\pard\ql
\li1800\sb6\sl-276\slmult0 \up0 \expndtw-5\charscalex100 Director). \par\pard\qj
\li1800\sb0\sl-280\slmult0 \par\pard\qj\li1800\ri1610\sb1\sl-280\slmult0 \up0
\expndtw0\charscalex100 The Chairman of the Board shall be elected from among the
Class A Directors, unless \up0 \expndtw-4\charscalex100 such Directors decide
otherwise. The Chairman will have a casting vote. \par\pard\qj
\li1800\ri1608\sb260\sl-280\slmult0 \up0 \expndtw0\charscalex100 In the event of
vacancy in the Board of Directors, such vacancy will be filled with the \line
\up0 \expndtw0\charscalex107 nomination of a Director of the same Class as that of
the Director who caused the \line \up0 \expndtw-5\charscalex100 vacancy.
\par\pard\qj \li1800\ri1608\sb260\sl-280\slmult0 \up0 \expndtw-2\charscalex100 The
Managing Director shall conduct the daily management of the Company, according
\line \up0 \expndtw0\charscalex103 to the delegation of powers entrusted to him by
the Board of Directors and under its \line \up0 \expndtw-1\charscalex100
supervision. X will be appointed as full time Managing Director of the Company at
the \line \up0 \expndtw-4\charscalex100 Company\u8217?s first shareholders meeting,
following the Company\u8217?s incorporation. \par\pard\qj \li1800\ri1607\sb260\sl-
280\slmult0 \up0 \expndtw-4\charscalex100 The decisions of the Board of Directors
will be taken by simple majority. Approval of the \up0 \expndtw-4\charscalex100
Class B Director will, however, be required on the following corporate
decisions: \par\pard\ql \li2880\sb0\sl-280\slmult0
\par\pard\ql\li2880\ri1608\sb260\sl-280\slmult0\tx3240 \up0 \expndtw0\charscalex104
- the appointment, dismissal, powers and remuneration of the Managing
\line\tab \up0 \expndtw-5\charscalex100 Director and the Company\u8217? senior
personnel; \par\pard\li2880\sb15\sl-276\slmult0\fi0\tx3239 \up0 \expndtw-
3\charscalex100 -\tab \up0 \expndtw-2\charscalex100 any corporate transactions
involving share or asset acquisitions or mergers\par\pard\li2880\sb0\sl-
276\slmult0\fi360 \up0 \expndtw-3\charscalex100 with another
company;\par\pard\ql \li2880\sb0\sl-273\slmult0 \up0 \expndtw-3\charscalex100 -
all investments or divestments in fixed assets exceeding 10.000 Euro;
\par\pard\ql \li10320\sb0\sl-276\slmult0 \par\pard\ql\li10320\sb0\sl-276\slmult0
\par\pard\ql\li10320\sb0\sl-276\slmult0 \par\pard\ql\li10320\sb157\sl-
276\slmult0 \up0 \expndtw-3\charscalex100 3
\par\pard\sect\sectd\fs24\ul0\nosupersub\cf999999\f1000000
\pard\fs32 ATTENTION!\fs24\par
\par
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