THIS AGREEMENT is made on this 30th day of December 2003 BETWEEN:-

Exhibit 2.1

THIS AGREEMENT is made on this 30th day of December 2003

BETWEEN:-

(1)	Vsource, Inc, 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 ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ("the Vendor") of the one part;
AND
(2)	The Persons listed in Schedule 2 ("the Purchasers") of the other part.
Both the Vendor and the Purchasers shall collectively be referred to as "the parties".
RECITALS:
A.	Vsource (Malaysia) Sdn Bhd (Company No. 502982-W) ("the Company") is a private limited company incorporated in Malaysia under the Act (as defined hereunder) and having its registered office at ▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇. The Company has an authorised share capital of Ringgit Malaysia Five Hundred Thousand (500,000) which is currently divided into Five Hundred Thousand (500,000) ordinary shares of Ringgit Malaysia One (RM1.00) each of which Two Hundred and Fifty Thousand (250,000) ordinary shares of Ringgit Malaysia One (RM1.00) each have been issued and are fully paid-up ("Current Share Capital").
B.	The Company is principally engaged in the provision of customized outsourcing and human capital management solutions, also known as business process outsourcing ("the Business").
C.	In furtherance of the Business, the Vendor is currently providing business process outsourcing services to the Vendor's customers in Japan and Taiwan, directly and through its wholly owned subsidiaries in Japan and Taiwan ("the Japanese and Taiwanese Vsource Companies"). It is the intention of the parties that the Vendor shall sell and that the Company shall purchase the Vendor's entire shareholding in the Japanese and Taiwanese Vsource Companies ("Japanese and Taiwanese Vsource Shares") prior to the Completion Date of this Agreement. The purchase by the Company of the Japanese and Taiwanese Vsource Shares will be satisfied fully through the issuance of new ordinary shares in the Company resulting in the enlargement of the Current Share Capital of the Company ("Enlarged Share Capital") upon the completion of the said purchase.
D.	The Purchasers are desirous of acquiring shares of the Company representing six point five eight per centum (6.58%) of the Enlarged Share Capital of the Company ("Sale Shares") from the Vendors and in furtherance thereto, the Vendor has agreed to sell the Sale Shares and the Purchasers have agreed to purchase the Sale Shares upon the terms and subject to the conditions hereinafter contained.

NOW IT IS HEREBY AGREED as follows:

1.	DEFINITIONS AND INTERPRETATION
1.1	Definitions

Wherever used in this Agreement, unless the context shall otherwise require, the following expressions shall have the following meanings:

"Accounts"	means collectively the Audited Accounts and the Completion Accounts of each of the Vsource Companies;
"Act"	means the Malaysian Companies Act of 1965;
"Audited Accounts"	means the latest audited accounts of each of the Vsource Companies as at their Last Accounting Dates;
"Balance Purchase Price"	means the balance sum amounting to Ringgit Malaysia Five Million Forty Hundred Thirty Seven Thousand Forty One (RM5,437,041), payable in the manner stipulated in Clause 3.1 herein;
"Business Day"	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 and KLSE is open for trading;
"Completion Accounts"	means the unaudited management accounts of each of the Vsource Companies made up to the Completion Accounts Date to be delivered to the Purchaser pursuant to Clause 4.4 herein;
"Completion Accounts Date"	means the latest month end date immediately preceding the Completion Date;
"Completion Date"	means a day to be mutually agreed between the parties falling within five (5) Business Days from the Unconditional Date unless extended further to such other date by the mutual agreement of the parties and "Completion" shall be construed accordingly;
"Completion Documents"	means the documents to be delivered on the Completion Date as set out in Clause 6.2 herein;

2Next Page

"Conditions Precedent"	means the conditions precedent referred to in Clause 4.1 herein;
"CP Period"	means the period of time commencing from the date of this Agreement and expiring on 28 February 2004;
"Deposit Sum"	means a deposit sum amounting to Ringgit Malaysia Six Hundred Four Thousand One Hundred and Nine (RM604,109), payable in the manner stipulated in Clause 3.1 herein;
"Disclosure Letter"	means subject to the provisions of Clause 5.3, a letter dated as of the date of this Agreement, to be delivered by the Vendor to the Purchasers within the time period stipulated in Clause 5.2 herein, setting out facts, circumstances and matters constituting exceptions, qualifications and limitations to the representations and warranties of the Vendor under this Agreement, in a form and manner to be mutually agreed by the parties; whereby the contents and substance thereof shall be acceptable to the Purchasers if, after having considered them, the Purchasers are of the reasonable view that such disclosures have no Material Adverse Effect or no Material Impact on the operations and Business of any of the Vsource Companies or if they have any Material Adverse Effect or Material Impact on the operations and Business of any of the Vsource Companies, the Purchasers nevertheless consents to their inclusion;
"EPF"	means the Employees Provident Fund established under the Employees Provident ▇▇▇▇ ▇▇▇ ▇▇▇▇;
"Intellectual Property"	means letters, patents, trademarks and designs, (whether registered or unregistered), utility models, copyrights (including design copyrights), applications and the right to apply for any of the foregoing in any part of the world, discoveries, creations, inventions or improvements upon or additions to an invention, confidential information, know-how and any research or effort relating to the Business and the businesses of the Japanese and Taiwanese Vsource Companies, (whether registrable or not), moral rights and any similar rights in any country;

3Next Page

"KLSE"	means Kuala Lumpur Stock Exchange (30632-P) a company limited by guarantee incorporated under the Act;
"Last Accounting Date(s)"	means 31 January 2003 in respect of the Company and the Japanese Vsource Company and 21 November 2003 in respect of the Taiwanese Vsource Company;
"Management Accounts"	means the unaudited management accounts of each of the Vsource Companies as at 30 November 2003 to be delivered to the Purchaser within the time period stipulated in Clause 5.2 herein;
"MSC Status"	means the recognition by the Malaysian Government through the Multimedia Development Corporation that the Company participates and undertakes its information, communication and technology ("ICT") activities in the Multimedia Super Corridor;
"Officers of Customs"	means any officer of the Royal Customs and Excise Department of Malaysia or any similar officer of competent authority under the applicable laws of Japan and Taiwan;
"Purchase Price"	means the purchase price for the Sale Shares which is Ringgit Malaysia Six Million Forty One Thousand One Hundred Fifty (RM RM6,041,150) only;
"Purchasers Solicitors"	means Messrs Albar & Partners of 6^th Floor, Faber ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ Kuala Lumpur;
"Ringgit Malaysia", "RM' and "Sen"	means the legal currency of Malaysia;
"Sale Shares"	means shares of the Company representing six point five eight per centum (6.58%) of the Enlarged Share Capital to which the Vendor is legally and beneficially entitled;
"SOCSO"	means the Social Security Organisation established under the Employees' Social Security ▇▇▇ ▇▇▇▇;
"Symphony House Berhad"	means Symphony House Berhad (Company No: 592563-P), a company incorporated in Malaysia under the Act and having its registered office at

4Next Page

	▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ Bandar ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇;
"Taxation"	means income or corporation tax, service tax, customs and other import duties, and any related tax penalty, interest, fine or surcharge under the applicable laws of Malaysia, Japan or Taiwan (as the case may be);
"Taxation Authority"	means any authority vested with fiscal or revenue collection powers in Malaysia, Japan or Taiwan (as the case may be);
"Technology"	means the technical know-how and information technology (present or future) in connection with the Business and the businesses of the Japanese and Taiwanese Vsource Companies, which shall include all operating systems, computer software and their applications;
"Unconditional Date"	means the date when the last of the Conditions Precedent set out in Clause 4.1 hereof shall have been fulfilled or waived in the manner set out herein;
"Unsuccessful Completion Date"	shall have the meaning ascribed to in Clause 6.4 herein;
"US"	means the United States of America;
"Vendor's Solicitors"	means Messrs ▇▇▇▇ & Partners of ▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇; and
"Vsource Companies"	means collectively, the Company, the Japanese and Taiwanese Vsource Companies and "Vsource Company" shall be construed to mean either one of them, (as the case may be).

1.2	Interpretation
In this Agreement, unless the context otherwise requires:-
(a)	words denoting the singular number include the plural number and vice-versa;
(b)	words denoting the masculine gender shall include the feminine and neuter genders and vice-versa;

5Next Page

(c)	reference to persons shall include bodies corporate, unincorporated associations and partnerships;
(d)	reference to Clauses and Schedules are reference to clauses and schedules to this Agreement unless otherwise specified;
(e)	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 prior to Completion 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, both 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 mutually agree to such other terms and conditions as may be necessary, to address the said effect or impact on the affected party;
(f)	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;
(g)	where a word or a phrase is defined, other parts of speech and grammatical forms of that word or phrase shall have corresponding meanings;
(h)	reference to any party to this Agreement or any other agreement or instrument shall include that party's successors and permitted assigns;
(i)	reference to any agreement or instrument shall include references to such agreement or instrument as amended, novated, supplemented, varied or replaced from time to time;
(j)	the Recitals and Schedules to this Agreement and all documents delivered pursuant to this Agreement shall form part of this Agreement;
(k)	where applicable, reference to "the best of the knowledge and belief" of any person or persons means "to the best of the knowledge and belief of such person or persons after undertaking enquiries which were reasonable in the circumstances;
(l)	where applicable, where reference to two or more persons or parties are included or comprised in any expression, agreements, covenants, terms, stipulations and undertakings expressed to be made by such persons or parties shall be enforceable by them jointly and severally and agreements, covenants, terms, stipulations and undertakings expressed to be made by or on behalf of or on the part of such persons or parties shall be deemed to be binding upon such persons or parties jointly and severally;
(m)	if an event must occur on a stipulated day which is not a Business Day then the stipulated day will be taken to be the next Business Day;

6Next Page

(n)	where an act is required to be done within a specified number of days after or from a specified date, the period is inclusive of and begins to run from the date so specified;
(o)	a period of a month from the happening of an event or the doing of an act or thing will be deemed to be inclusive of the day on which the event happens or the act or thing is required to be done;
(p)	where applicable, reference to "subsidiary(ies)", "related company(ies) and "holding company(ies)" shall have the meanings respectively ascribed to them under the Act and "associates" shall mean a company in which a party is entitled to exercise or control the exercise of not less than twenty per centum (20%) but not more than fifty per centum (50%) of the votes attaching to its voting shares;
(q)	reference to "assets" shall include all real property, Intellectual Property and Technology owned by the Company or the Japanese or Taiwanese Vsource Company (as the case may be);
(r)	the representations and warranties, covenants and undertakings on the part of either the Vendor or the Purchasers as set out in Clauses 8, 9, , and Schedule 1 herein shall be read in the context of all applicable laws, regulations, governing statutes, authorities and accounting standards of Malaysia, in so far as the said representations, warranties, covenants and/or undertakings refer to the Company and in the context of all applicable laws regulations, governing statutes, authorities and accounting standards of Japan or Taiwan, in so far as the said representations, warranties, covenants and/or undertakings refer to the Japanese or Taiwanese Vsource Company (as the case may be);
(s)	reference to something having a "Material Adverse Effect" or "Material Impact" shall mean, when used in connection with an entity, any change, event, violation, inaccuracy, circumstance or effect that is, or is reasonably likely to be, materially adverse to (i) the business, assets (including intangible assets), capitalization, regulatory environment, financial condition, operations or results of operations of such entity, or (ii) the ability of the parties hereto to consummate the sale of the Sale Shares in accordance with the terms hereof within the time frame such sale would otherwise be consummated in the absence of such change, event, violation, inaccuracy, circumstance or effect, except to the extent that any such change, event, violation, inaccuracy, circumstance or effect set forth in (i) or (ii) above, directly and primarily results from changes in general economic conditions or changes affecting the industry generally in which such entity operates (provided that such changes do not affect such entity in a disproportionate manner). Accordingly, reference to "material" and "materially" shall mean something having a Material Adverse Effect or Material Impact, (as the case may be);
(t)	reference to writing shall include any method of reproducing words in a legible manner on paper and delivered either through facsimile or post or by hand.

7Next Page

2.	AGREEMENT FOR THE SALE AND PURCHASE OF THE SALE SHARES

2.1 Subject to the terms and conditions herein contained, the Vendor hereby agrees to sell and the Purchasers hereby agree to purchase the Sale Shares at the Purchase Price, free from all claims, encumbrances, interests, rights, charges, liens, mortgages, pledges or any other security interests, whatsoever and howsoever arising and with all rights, benefits and entitlements attaching to the Sale Shares including without limitation all rights, dividends, coupon payments and/or other distributions which may be declared, made or paid in respect thereof, the entitlement date of which is on or subsequent to the Completion Date.

2.2 The sale and purchase shall be completed on the Completion Date subject to the Conditions Precedent having been fulfilled or waived in accordance with the terms of Clause 4 herein.

3. PURCHASE PRICE

3.1 The Purchase Price shall be fully satisfied by the Purchasers at the following times by way of cashiers' order or bankers' draft or in such manner as may be mutually agreed upon by the parties:

(a)	upon execution of this Agreement, the Purchasers shall pay to the Vendor's Solicitors as stakeholders, the Deposit Sum, and the Vendor shall immediately procure that the Deposit Sum be placed by the Vendor's Solicitors in an interest bearing account pending Completion of the Agreement; and
(b)	on the Completion Date, the Purchasers shall pay to the Vendor the Balance Purchase Price.

4. CONDITIONS PRECEDENT

4.1	Conditions Precedent:
4.1.1	Conditions Precedent-Vendor's Obligations: The obligations of the Purchasers to consummate and effect the sale and purchase of the Sale Shares contemplated under this Agreement shall be conditional upon the following Conditions Precedent having been fulfilled by the Vendor within the CP Period.
	The Vendor shall:

	(a)	obtain the approval of the applicable preference shareholders of the Vendor for the disposal of the Sale Shares by the Vendor to the Purchasers in accordance with the terms and conditions of this Agreement;
	(b)	complete the Sale & Purchase Agreement dated 11 December 2003 between the Vendor and Symphony House Berhad; and
	(c)	obtain all other approvals or consents from the regulatory authorities in Malaysia including (where applicable), the approval from the Multimedia Development Corporation for the disposal of the Sale Shares by the Vendor to the Purchasers in accordance with the terms and conditions of this Agreement.

8Next Page

4.2	Commencement of the Approval Process:
4.2.1	To the relevant authorities

	(a)	Application to the relevant authorites: The Vendor shall make the necessary applications to the relevant authorities referred to in Clause 4.1.1 above for their approvals, as soon as reasonably possible after the date of this Agreement, in order to obtain all required approvals within the CP Period, or such other date as the parties may mutually agree in writing. The Vendor shall forthwith notify the Purchaser in writing upon receipt of notification of the approval or rejection (as the case may be), from the relevant authority. The Purchaser shall provide all information within its knowledge required by the Vendor for the purpose of obtaining the respective approvals.
	(b)	Appeal to the relevant authorities: In the event that any of the relevant authorities shall impose materially adverse conditions and/or variations to the terms and conditions of this Agreement, either or both of the affected parties (as the case may be), may appeal to the said relevant authority within seven (7) Business Days from the date of receipt of such conditions and/or variations, failing which the said condition(s) and/or variation(s) shall be deemed to have been accepted by the affected party. If the results of the relevant appeal remain materially adverse to the affected party, the parties shall discuss in good faith the impact of such conditions and/or variations PROVIDED ALWAYS that the non-acceptance by the affected party of such conditions and/or variations shall not automatically be construed as a failure or inability by the affected party to fulfil the relevant Condition Precedent.

4.2.2

To the shareholders of the Vendor

(a)

The Vendor's preference shareholders: The Vendor shall within fourteen (14) days from the date of this Agreement, either procure a written consent from or hold a meeting of the applicable preference shareholders for the purposes of obtaining the approval referred to in Clause 4.1.1(b).

4.3	Waiver:
4.3.1	At any time before the expiry of the CP Period the Purchaser may waive the Condition Precedent set out in Clause 4.1.1(b)
4.3.2	The Conditions Precedent set out in Clauses 4.1.1(a) and 4.1.1(c) may not be waived by either party as they are required by law under the applicable laws of Malaysia, Japan and Taiwan.

4.4 Unconditional Date: This Agreement shall become unconditional on the Unconditional Date. Within two (2) days of the Unconditional Date, the parties shall mutually agree on the Completion Date. The Vendor shall deliver to the Purchaser the Completion Accounts of the Vsource Companies as at the Completion Accounts Date on the Completion Date.

9Next Page

4.5 Reasonable Steps and Efforts: The Vendor shall take all reasonable steps and use its reasonable efforts to fulfil of each of the Conditions Precedent set out in Clause 4.1.1 and the Purchasers shall take all reasonable steps and use their reasonable efforts to fulfil each of the Conditions Precedent set out in Clause 4.1.2. For the avoidance of doubt, each party shall be deemed to have taken all reasonable steps and used their reasonable efforts in obtaining the approvals from the relevant authorities if they are able to show that they have submitted the relevant application(s) or appeal(s) to the relevant authority(ies) within the time stipulated in Clause 4.2.1 herein.

4.6 Conditions Precedent not fulfilled or waived:

4.6.1.

If despite reasonable steps and efforts taken by both parties pursuant to Clause 4.5, one or more of the Conditions Precedent referred to above remain(s) unfulfilled and is/are not otherwise waived by the other party within the CP Period, the following shall take place on or before the expiry of seven (7) Business Days following the expiry of the CP Period:

	(a)	the Vendor shall procure that the Vendor's Solicitors refund the Deposit Sum (together with all interests accrued thereon, calculated from the date of this Agreement to the date of refund of the Deposit Sum following the expiry of the CP Period) to the Purchasers, and
	(b)	both parties shall return or cause to be returned to each other all documents and written materials forwarded to each other or their respective solicitors hereunder; and

	thereafter, the rights and obligations of the parties pursuant to this Agreement shall lapse and be of no further effect save for the rights and obligations of the parties pursuant to any antecedent breach of this Agreement.
4.6.2	If either party shall fail to take such reasonable steps or efforts in breach of their obligations under Clause 4.5, directly resulting in one or more of the Conditions Precedent being unfulfilled and the said Condition(s) Precedent is/are not waived by the other party within the CP Period, this Agreement may be terminated by the other party in accordance with the provisions of Clause 10 herein.

5. OBLIGATIONS UPON EXECUTION

5.1 Immediately upon or within seven (7) Business Days after the execution of this Agreement, the Vendor shall deliver to the Purchasers (with a copy to the Purchasers' Solicitors):

(a)	the Disclosure Letter; and
(b)	the Management Accounts.

5.2 The exceptions, qualifications and limitations to the representations and warranties as specified in the Disclosure Letter shall take effect from the date of this Agreement and shall continue for as long as the representations and warranties herein have effect. The Vendor may, with the consent of the Purchasers, at any time after the issue of the Disclosure Letter but prior to a date falling ten (10) Business Days before the Completion Date, issue an updated Disclosure Letter ("Updated Disclosure Letter") to the Purchasers, setting out in detail the changes to the representations and warranties set out herein whereby the contents and substance thereof shall be

10Next Page

acceptable to the Purchasers if, after having considered them, the Purchasers are of the reasonable view that such disclosures have no Material Adverse Effect or no Material Impact on the operations and Business of any of the Vsource Companies or if they have any Material Adverse Effect or Material Impact on the operations and Business of any of the Vsource Companies, the Purchasers nevertheless consents to their inclusion, PROVIDED ALWAYS that the changes proposed to be disclosed in the Updated Disclosure Letter shall not relate to any fact, circumstance or matter:

(a)	which occurred as a result of a breach by the Vendor of any of the terms, conditions, covenants or undertakings set out herein; or
(b)	which occurred prior to the date of this Agreement and which should have been disclosed by the Vendor in the Disclosure Letter; or
(c)	which should have been disclosed by the Vendor in the Disclosure Letter, by virtue of the Vendor having actual or constructive knowledge of the likelihood of occurrence of the said fact, circumstance or matter after the date of this Agreement.

6. COMPLETION

6.1 Unless otherwise agreed by the parties hereto in writing and subject to Clause 4.1 of this Agreement, Completion of this Agreement shall take place on the Completion Date at the office of the Purchasers or the Purchasers' Solicitors.

6.2 On or before the Completion Date, the following shall take place:

(a)	The Vendor shall deliver or cause to be delivered to the Purchasers the following documents ("Completion Documents"):

	(i)	the transfer forms in respect of the Sale Shares duly executed by the Vendor in favour of the Purchasers;
	(ii)	a certified true copy of the resolution of the board of directors of the Company which is in full force and effect and not revoked or amended and made in accordance with the memorandum and articles of association of the Company, approving the transfer of the Sale Shares to and the registration of the Sale Shares in the name of the Purchasers in accordance with the terms and conditions of this Agreement;

(b)

Simultaneously upon receipt of the Completion Documents from the Vendor, the Purchasers shall pay the Balance Purchase Price to the Vendor and deliver to the Vendor the resolutions of their respective shareholders (if necessary) and the resolutions of their respective board of directors approving the purchase of the Sale Shares by the Purchasers in accordance with the terms and conditions of this Agreement. Thereafter, either the Vendor or the Purchasers may then proceed to notify the Vendor's Solicitors to release the Deposit Sum together with all interests accrued to the Vendor.

6.3 On or before the Completion Date, the Vendor shall do all things, acts and execute all documents necessary to cause the Purchasers to be registered as the legal and beneficial owner of the Sale Shares.

11Next Page

6.4 Completion is conditional on the Vendor and the Purchasers complying with all of their respective obligations under Clause 6. If either the Vendor or the Purchasers shall fail to comply with their respective obligations and those obligations are not waived by the other party on the intended Completion Date, then Completion will not take place on the intended Completion Date, in which case the said date shall be referred to as the Unsuccessful Completion Date and either party may terminate this Agreement in accordance with Clause 10 herein; and

(a)	each party must do everything reasonably required by the other party to reverse any action taken pursuant to this Agreement; and
(b)	this Agreement and all ancillary agreements entered into pursuant to this Agreement will, save as otherwise agreed by the parties, be of no force or effect without prejudice to any other rights any party may have against the other in respect of any such failure or breach.

7. REPRESENTATIONS AND WARRANTIES BY THE VENDOR

7.1 The Vendor hereby represents and warrants to the Purchasers in relation to all the representations and warranties on its part as set out herein and as disclosed in the Disclosure Letter and the Updated Disclosure Letter, such representations and warranties are and will be true and accurate in all respects on the date(s) specified therein or, if no date is so specified, on the date of this Agreement and on each day up to and including the Completion Date by reference to the facts and circumstances existing on such date(s), subject only to:

(a)

any exception expressly provided for under the terms of this Agreement or disclosed in the Disclosure Letter or the Updated Disclosure Letter (as the case may be), whereby the contents of the Disclosure Letter or the Updated Disclosure Letter (as the case may be), constitute exceptions, qualifications and limitations to the representations and warranties and obligations of indemnity of the Vendor. The Vendor shall not be liable in any way for any breach, non-fulfilment or inconsistency with any representation or warranty provided by it if such breach, non-fulfilment or inconsistency arises from a fact, circumstance or matter that has been disclosed or otherwise specified in the Disclosure Letter or the Updated Disclosure Letter (as the case may be); and

(b)

any matter or thing hereafter done or omitted to be done at the request in writing or with the approval in writing of the Purchasers after the date hereof.

7.2 If prior to the Completion Date, it shall be found that any of the representations or warranties on the part of the Vendor as set out herein or as disclosed in the Disclosure Letter or the Updated Disclosure Letter (as the case may be), has not in all respects been carried out or complied with or is otherwise unfulfilled, untrue or incorrect in any respect, the Purchasers shall be entitled by notice in writing to the Vendor to terminate this Agreement, if the Vendor fails to remedy the same within fourteen (14) Business Days of receiving written notice from the Purchasers informing the Vendor of the breach.

7.3 The rights and remedies of the Purchasers in respect of any breach of the representations and warranties on the part of the Vendor as set out herein shall not be affected by the Completion of the sale and purchase of the Sale Shares, by the Purchasers rescinding or failing to rescind this Agreement or failing to exercise or delay in exercising any right or remedy, or by any other event or matter, except a specific and duly authorised written waiver or release, and no single or partial

12Next Page

exercise of any right or remedy shall preclude any further or other exercise of the Purchasers' full rights or remedies at law or in equity.

8.	REPRESENTATIONS AND WARRANTIES BY THE PARTIES IN RELATION TO EXECUTION, DELIVERY AND PERFORMANCE OF THE AGREEMENT

8.1 Both the Vendor and the Purchasers hereby represent and warrant to each other that they have full legal right, power and authority to execute, deliver and perform their obligations under this Agreement.

8.2 Both the Vendor and the Purchasers further represent and warrant that the provisions of this Agreement will not conflict with, or constitute a default under any provision of any lien, lease, order, judgment, award, injunction, decree, ordinance or regulation or any other restrictions of any kind or character by which either party is now bound.

9. COVENANTS AND UNDERTAKINGS PENDING COMPLETION

9.1 The Vendor hereby covenants and undertakes that it shall not sell, transfer, assign, or otherwise dispose of, convey to any third party or create any encumbrance over its equity interest in the Sale Shares, the Japanese or Taiwanese Vsource Shares (save for the transfer to the Company envisaged herein) or any portion of the Sale Shares or the Japanese or Taiwanese Vsource Shares (save for the transfer to the Company envisaged herein) or negotiate, initiate or take any step with a view to negotiations with any third party for such purposes.

9.2 The parties hereby agree that as between the date of this Agreement and the Completion Date, the Vendor shall take such steps to ensure that the Vendor and/or the Company will not prior to the Completion Date, without the consent of the Purchasers:-

(a)	pass any resolution of the directors or shareholder of the Company that will be contrary to the terms of this Agreement;
(b)	alter the nature of the Business or the business of the Japanese or Taiwanese Vsource Companies;
(c)	pay any management fee, or similar amount, to the Vendor in its capacity as shareholder of any of the Vsource Companies , and any of the related corporations of the Vendor or enter into any contract to share its profits with any party save and except in the ordinary course of business;
(d)	pay or declare any dividend (in cash or otherwise) or make any distribution or return, reduction or cancellation of capital to the Vendor in its capacity as shareholder of any of the Vsource Companies;
(e)	issue any share, stock, security or otherwise in any of the Vsource Companies, which are convertible into shares or approve any transfer of shares in any of the Vsource Companies, or create any option, warrants or rights of whatever nature over any of the registered capital or interest in any of the Vsource Companies, other than for the purpose of acquiring the Japanese and Taiwanese Vsource Shares from the Vendor and the transfer of the sale shares to Symphony House Berhad pursuant to the terms of the Sale and Purchase Agreement dated 11 December 2003;

13Next Page

(f)	cause any change in the composition of the board of directors (or bodies of equivalent authority under the Japanese or Taiwanese laws) or management in any of the Vsource Companies, except as a result of dismissals for misconduct or as envisaged hereunder;
(g)	borrow any money or do anything which will result in a Material Adverse Effect or cause a Material Impact to the Company's financial position (after taking into account the financial position of the Japanese and Taiwanese Vsource Companies), save and except in the ordinary course of business;
(h)	effect any transaction of any kind (including the payment of any money or offsetting of any account) with or for the benefit, directly or indirectly, of the Vendor or any person in any way connected with the Vendor save and except in the ordinary course of business;
(i)	save for the acquisition by the Company of the Japanese and Taiwanese Vsource Shares from the Vendor, enter into any material arrangement, transaction or contract or incur any material or substantial liability or obligation save and except in the ordinary course of business;
(j)	create or permit to arise any claim, encumbrance, interest, right, charge, mortgage, pledge or other third party right or interest over or in respect of any of the property, assets, undertaking or goodwill of any of the Vsource Companies, save and except in the ordinary course of business;
(k)	cancel any order of purchase commitment in respect of any fixed assets required in the ordinary course of business of any of the Vsource Companies;
(l)	dispose of any fixed asset in any of the Vsource Companies, save and except in the ordinary course of business;
(m)	enter into any long term or abnormal contract or capital commitment involving any of the Vsource Companies, save and except in the ordinary course of business;
(n)	do anything not in the ordinary and proper course of the Business or the business of the Japanese and Taiwanese Vsource Companies;
(o)	alter the memorandum and articles of association or constituent documents of any of the Vsource Companies;
(p)	make any material change to any agreements entered into by any of the Vsource Companies, save and except in the ordinary course of business and/or do or cause or allow to be done or omitted to be done any act or thing which would result (or be likely to result) in a breach of any of the covenants, obligations and/or liabilities of any of the Vsource Companies under such agreements;
(q)	make any variation to the terms and conditions of engagement of the directors, officers or employees of any of the Vsource Companies, including the existing remuneration or benefits payable to the existing directors, officers or employees or any of them;

14Next Page

(r)	permit any of the policies of insurance of any of the Vsource Companies, to be void or voidable;
(s)	take any action or perform or do any deed, thing or matter which would cause the Vendor to cease becoming the registered or beneficial owner of the Sale Shares or any part thereof and upon the transfer of the Japanese and Taiwanese Vsource Shares by the Vendor to the Company, cause the Company to cease becoming the registered or beneficial owner of the Japanese or Taiwanese Vsource Shares (as the case may be); and
(t)	do or cause or allow to be done or omitted to be done any act or thing which would result (or be likely to result) in any of the Vsource Companies, incurring any material contingent liability or in the material diminution of the value of the Vsource Companies.

9.3 The parties hereby agree that as between the date of this Agreement and the Completion Date, the Vendor shall use its best endeavours to procure that the Vendor and/or the Company shall:

(a)	maintain sufficient working capital in each of the Vsource Companies to meet overhead cost and expenses and to sustain resources required for the efficient running of its business;
(b)	maintain each of the Vsource Companies' hardware, software, equipment and other tangible property in good repair, order and condition, except for depletion or depreciation caused by ordinary wear and tear and damage by unavoidable casualty;
(c)	perform in all material respects its obligations to the existing customers under the relevant agreements, other contracts and instruments relating to or affecting the assets of each of the Vsource Companies and its business;
(d)	maintain each of the Vsource Companies' books of accounts and records in the usual, regular and ordinary manner in each of their respective jurisdictions;
(e)	comply in all material respects with all statutes, laws, ordinances, rules and regulations applicable to the Vsource Companies and the conduct of their businesses under the applicable laws of Malaysia, Japan and/or Taiwan; and
(f)	promptly advise the Purchasers in writing of any material adverse change in the financial condition, operations, business or prospects of the Vsource Companies including but not limited to any claims or potential litigation proceedings brought by third parties against the any of the Vsource Companies.

10. TERMINATION OF THE AGREEMENT

10.1 Termination by the Vendor: If, prior to or on the Completion Date:-

15Next Page

(a)	the Purchasers default in the performance of their payment obligations contained in Clause 6.2 (b) herein;
(b)	there is a material breach of representation or warranty or a breach of material representation or warranty (as the case may be), which is made by the Purchasers in this Agreement; or
(c)	there is a material breach of any of the terms or conditions herein or a breach of any of the material terms or conditions herein (as the case may be), or a failure to perform or observe any material covenant, undertaking or obligation in this Agreement by the Purchasers (save for the obligation to make payment of the Purchase Price); or
(d)	a petition for winding up is presented against any of the Vsource Companies and/or the Purchasers which is not disputed by the relevant Vsource Company and/or the Purchasers pursuant to the applicable laws under each of their respective jurisdictions; or
(e)	an order is made, a shareholder(s)' resolution is passed or any legislation enacted for the winding up of any of the Vsource Companies and/or the Purchasers pursuant to the applicable laws under each of their respective jurisdictions; or
(f)	an administrator, a receiver and/or manager is appointed by the Court or any creditor pursuant to a debenture or any other security document in favour of such creditor over the undertakings, assets and properties of any of the Vsource Companies and/or the Purchasers or any part of their/its assets and properties pursuant to the applicable laws under each of their respective jurisdictions,
	then the Vendor shall in case of Clauses 10.1(b) and (c) above, be entitled to specific performance of this Agreement against the Purchasers; or in all cases referred to above, opt to terminate this Agreement with immediate effect by giving written notice to the Purchasers prior to or on Completion Date and after service of such notice whereupon:-

	(i)	no party shall have any further obligation to buy or sell the Sale Shares;
	(ii)	the Vendor shall be entitled to retain the Deposit Sum together with all interests accrued thereon, calculated from the date of this Agreement to the date the Deposit Sum is received by the Vendor ("Vendor's Accrued Interest"), as agreed liquidated damages in cases where the termination arose as a result of Clause 10.1(a), (b) or (c) above and the Vendor's Solicitors shall be authorised to release the Deposit Sum together with the Vendor's Accrued Interest to the Vendor within seven (7) Business Days from the date of determination of the breach referred to in either Clause 10.1(a),(b) or (c) above by the parties;
	(iii)	each party shall, within seven (7) Business Days of such termination notice, return to the other all such documents received by such party from the other(if applicable);

PROVIDED THAT the Vendor may exercise its right of termination under Clause 10.1 without affecting any of its other rights and remedies as may be available to the Vendor at law or in equity or as specified in this Agreement to claim for damages which it has suffered or incurred as a result of such breach by the Purchasers, including all fees, costs

16Next Page

	and expenses arising from or incidental to the sale of the Sale Shares by the Vendor to the Purchasers.
10.2	Termination by the Purchasers: If, prior to or on the Completion Date -
(a)	there is a material breach of representation or warranty or a breach of material representation or warranty (as the case may be), which is made by the Vendor in this Agreement;
(b)	there is a material breach of any of the terms or conditions herein or a breach of any of the material terms or conditions herein (as the case may be), or a failure to perform or observe any material covenant, undertaking or obligation in this Agreement by the Vendor;
(c)	a petition for winding up is presented against any of the Vsource Companies and/or the Vendor which is not disputed by the relevant Vsource Company and/or the Vendor pursuant to the applicable laws under each of their respective jurisdictions;
(d)	an order is made, a shareholder(s)' resolution is passed or any legislation enacted for the winding up of any of the Vsource Companies and/or the Vendor pursuant to the applicable laws under each of their respective jurisdictions; or
(e)	an administrator, a receiver and/or manager is appointed by the Court or any creditor pursuant to a debenture or any other security document in favour of such creditor over the undertakings, assets and properties of any of the Vsource Companies and/or the Vendor or any part of their/its assets and properties pursuant to the applicable laws under each of their respective jurisdictions;
	then the Purchasers shall be entitled to:-

	(i)	in respect of Clause 10.2.(a) and/or (b) above, specific performance of this Agreement against the Vendor and all such reliefs flowing therefrom; or
	(ii)	in all cases, opt to terminate this Agreement with immediate effect by giving written notice to the Vendor prior to or on the Completion Date and after service of such notice whereupon:-

		(aa)	no party shall have any further obligation to buy or sell the Sale Shares;
		(bb)	the Purchasers shall be entitled to the refund of the Deposit Sum together with all interest accrued thereon, calculated from the date of this Agreement to the date the Deposit Sum is refunded and received by the Purchasers ("Purchasers' Accrued Interest") whereby the Vendor shall release the Deposit Sum together with the Purchasers' Accrued Interest to the Purchasers within seven (7) Business Days of the notice of termination;
		(cc)	the Purchasers shall be entitled to agreed liquidated damages, a sum equivalent to the Deposit Sum and the Purchasers' Accrued Interest ("ALD Sum"), in cases where the termination arose as a result of Clause 10.2.(a) and/or (b) above and the Vendor shall pay to the Purchasers the

17Next Page

			ALD Sum within seven (7) Business Days of the date of determination of the breach referred to in either Clause 10.2(a) or (b) above by the parties;
		(dd)	each party shall, within seven (7) Business Days of such termination notice, return to the other all such documents received by such party from the other;

PROVIDED THAT the Purchasers may exercise their rights of termination under Clause 10.2 without affecting any of their other rights and remedies as may be available to the Purchasers at law or in equity or as specified in this Agreement to claim damages which they have suffered or incurred as a result of such breach by the Vendor including all fees, costs and expenses arising from or incidental to the acquisition of the Sale Shares by the Purchasers from the Vendor.

10.3. Disclosure Undertaking by Vendor: For the purpose of Clause 10.2, the Vendor undertakes to disclose in writing to the Purchasers immediately of any event or circumstances which may arise or become known to it after the date of this Agreement and prior to the Completion Date which is materially inconsistent with:-

(a)	any of the representations or warranties set out herein; or
(b)	any of the undertakings of the Vendor under this Agreement;

and which could reasonably be expected to affect a purchaser for value of the Sale Shares or which may entitle the Purchasers or any other party to make a claim under this Agreement or against the Purchasers pursuant to the terms of this Agreement. For the avoidance of doubt, such disclosure shall not form part of the Updated Disclosure Letter save and unless it meets the requirements set out in Clause 5.3 herein.

11. INDEMNITY

11.1 Subject to the limitations on liability set out in Clause 12 herein, the Vendor hereby agrees to indemnify the Purchasers against all claims, actions, damages, liabilities, outgoings, losses, costs (including legal costs on a solicitor and client basis) and expenses which the Purchasers directly suffers or incurs or is liable for in respect of:-

(a)	this Agreement for:-

	(i)	a material breach of a warranty or representation or breach of a material warranty or representation made by the Vendor; or
	(ii)	any warranty or representation not being true and correct in all respects; or
	(iii)	any material breach or default by the Vendor of its obligations and undertakings or any breach or default by the Vendor of its material obligations and undertakings given under this Agreement;

(b)	any fine, penalty or interest charged on the any of the Vsource Companies arising out of the default attributable to the Vendor before the Completion Date; or

18Next Page

(c)	any valid action, suit, proceeding or claim by the Purchasers against the Vendor in the enforcement or attempted enforcement of the terms of this Agreement.

11.2 Subject to the limitations on liability set out in Clause 12 herein, the Purchasers hereby agrees to indemnify the Vendor against all claims, actions, damages, liabilities, outgoings, losses, costs (including legal costs on a solicitor and client basis) and expenses which the Vendor directly suffers or incurs or is liable for in respect of:-

(a)	this Agreement for:-

	(i)	a material breach of a warranty or representation or breach of a material warranty or representation made by the Purchasers; or
	(ii)	any warranty or representation not being true and correct in all respects; or
	(iii)	any material breach or default by the Purchasers of their obligations and undertakings or any breach or default by the Purchasers of their material obligations and undertakings given under this Agreement;

(b)	any valid action, suit, proceeding or claim by the Vendor against the Purchasers in the enforcement or attempted enforcement of the terms of this Agreement.

11.3 For the avoidance of doubt, the indemnities given pursuant to Clause 11.1 and 11.2 shall, where applicable, survive the completion of this Agreement and shall not extend to damages for loss of future profits or other indirect economic or consequential losses.

12 LIMITATIONS ON LIABILITY

12.1 The parties hereby agree to the following limitations on liability in respect of all claims made by one party against the other for any breach of any of the party's obligations, representations, warranties, covenants and undertakings under this Agreement, the Disclosure Letter and the Updated Disclosure Letter:

(a)	the maximum liability of either party in respect of any or all claims shall not exceed One Hundred Per centum (100%) of the Purchase Price for the Sale Shares;
(b)	any and all individual claims must be combined to exceed Ringgit Malaysia Five Hundred Thousand (RM500,000) before a single composite claim may be brought against either party; and
(c)	all claims, must be made, instituted or issued within twelve (12) months from the Completion Date.

13. CONFIDENTIALITY

13.1 Except as permitted in Clauses 13.2 and 13.6 below, each party shall procure that each party, its employees, officers, agents and professional advisors must treat as strictly confidential

19Next Page

all information received or obtained by the party as a result of entering into or performing this Agreement, including any confidential, technical, commercial, financial or other information of or concerning the business or affairs of the other party ("Confidential Information") unless specifically agreed to between the parties save and except where the Purchasers or the Vendor is required to make such announcement as may be required by law.

13.2 A party, its employees, officers, agents, representatives or professional advisors may disclose information which would otherwise be classified as Confidential Information if and to the extent:

(a)	that is required to be disclosed by law or any securities exchange or regulatory or governmental body to which it is subject, wherever situated;
(b)	that is known to the party receiving the information prior to the same being disclosed to it pursuant to this Agreement;
(c)	that it considers necessary to disclose the information to its professional advisors or auditors provided that the party does so on a confidential basis; or
(d)	that the information has come into the public domain through no fault of that party and other than by reason of breach by any party or any of its employees, officers, agents, representatives or professional advisors in connection with its obligations herein.

13.3 The parties agree that:

(a)	monetary damages alone would not be adequate compensation to a party for a breach by the other party of the provisions of Clause 13.1 herein;
(b)	a party may seek an injunction from a court of competent jurisdiction if:

	(i)	the other party fails to comply or threatens to fail to comply with the provisions of Clause 13.1 herein; or
	(ii)	that party has reason to believe that the other party will not comply with the provisions of Clause 13.1 herein.

13.4 The provisions of Clause 13.1 will survive the termination of this Agreement. In the event that this Agreement is terminated, the parties shall promptly return to each other and the Company, (as the case may be), all documents and other written materials so obtained herein.

13.5 Each of the parties shall indemnify and keep each other fully and effectively indemnified against any loss, damage, cost and expense which the latter party may directly suffer or which the first party knew the latter party would be likely to suffer as a result of or in connection with any breach of the confidentiality provisions referred to in Clause 13.1 herein

13.6 For the avoidance of doubt, the Purchasers acknowledge that under the applicable securities laws and regulations of U.S, the Vendor will be required to publicly disclose the execution of this Agreement, a copy of this Agreement and a summary of the terms of the transactions contemplated under this Agreement, and the Purchasers hereby consent to such disclosure.

20Next Page

14. NOTICES

14.1 Any notice, or other communication, including, but not limited to any request, demand, consent or approval to or by a party under this Agreement must be in writing and in English, addressed to the relevant persons named below:-

(a)	The Vendor

	Address:	▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇
	Attention:	Chief Financial Officer
	Fax No:	▇▇ (▇▇▇) ▇▇▇-▇▇▇▇
	with a copy to:
	Address:	Vsource (Asia) Ltd ▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇
	Attention:	General Counsel
	Fax No:	▇▇▇▇ ▇▇▇▇-▇▇▇▇

(b)	The Purchasers

	Address:	Straits Investments Limited ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇. ▇▇, #▇▇-▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
	Attention:	▇▇ ▇▇ Geok Lan
	Fax No:	▇▇▇ ▇▇▇▇ ▇▇▇▇
	and
		JMF Asset Management Sdn Bhd ▇▇▇ ▇▇-▇▇ ▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
	Attention:	En Azahari Kamil
	Fax No:	▇▇-▇▇▇▇▇▇▇▇

21Next Page

14.2 A notice sent:-

(a)	by hand shall be deemed to have been served on the day of delivery;
(b)	by telefax shall be deemed to have been served upon confirmation of completion of transmission;
(c)	by registered post shall be deemed to have been served on the 5th Business Day after posting, and in proving service, it shall be sufficient to prove that the notice was properly addressed and posted.

15. TIME OF THE ESSENCE

15.1 The parties hereby mutually agree that time shall be of the essence in this Agreement.

16. COSTS AND STAMP DUTY

16.1 Save as otherwise provided in this Agreement, each party shall bear its own costs and expenses incurred in relation to or in connection with the negotiation, preparation and execution of this Agreement.

16.2 The Purchasers shall bear all stamp duty chargeable on this Agreement and on the transfer of the Sale Shares.

17. AMENDMENTS AND NON-WAIVER

17.1 A variation or an amendment of any term of this Agreement must be in writing and signed by or on behalf of the parties.

17.2 No failure or delay on the part of any party in exercising any power or right under this Agreement shall operate as a waiver of such power or right nor shall the knowledge or acquiescence by any party hereto of or in breach of any terms or conditions of this Agreement, constitute a waiver of such terms or conditions.

17.3 No waiver by any party of a breach of any term or condition of this Agreement shall constitute a waiver of any subsequent breach of the same or any other term or condition of this Agreement.

17.4 No waiver of any of the terms of this Agreement shall be valid unless in writing and signed by or on behalf of the parties.

18. ENTIRE AGREEMENT

18.1 This Agreement constitutes the entire agreement between the parties hereto and supersedes all prior negotiations, representations or agreements, whether oral or written.

222Next Page

19. BINDING EFFECT

19.1 This Agreement shall be binding on and shall enure for the benefit of the successors and permitted assigns of each party.

20. GOVERNING LAW

20.1 This Agreement shall be governed by and construed in accordance with the laws of Malaysia and each party hereby irrevocably submits to the exclusive jurisdiction of the courts of Malaysia.

(The rest of this page has been intentionally left blank)

23Next Page

IN WITNESS WHEREOF the parties hereto have caused this Agreement to be executed on the day and year above written.

THE VENDOR
SIGNED by	)
	)
for and on behalf of	)
Vsource Inc	)
in the presence of	)
THE PURCHASERS
SIGNED by	)
	)
for and on behalf of	)
JMF Asset Management Sdn Bhd (Co No 309646-H)	)
in the presence of	)
SIGNED by	)
	)
for and on behalf of	)
Straits Investment Limited (Reg No NBD/2427)	)
in the presence of	)

24Next Page

SCHEDULE 1

REPRESENTATIONS AND WARRANTIES ON THE PART OF THE VENDOR

Save as otherwise excepted, qualified or limited by the Vendor to the Purchasers by way of disclosure in the Disclosure Letter or the Updated Disclosure Letter (as the case may be), of facts, circumstances or matters relating to or concerning the Vendor, the Vsource Companies or any other matter or thing relevant to the Agreement, the Vendor hereby represents and warrants to the Purchasers as follows:-

1. The Sale Shares and the Japanese and Taiwanese Vsource Shares

1.1 The Sale Shares and the Japanese and Taiwanese Vsource Shares (prior to their transfer to the Company) are held and beneficially owned by the Vendor free from all claims, encumbrances, interests, rights, charges, liens, mortgages or pledges. Upon the transfer of the Japanese and Taiwanese Vsource Shares from the Vendor to the Company, the Vendor further warrants that Japanese and Taiwanese Vsource Shares will be held and beneficially owned by the Company free from all claims, encumbrances, interests, rights, charges, liens, mortgages or pledges

1.2 Save as provided for under this Agreement, there is not now, nor is there any agreement or arrangement to create any claim, encumbrance, interest, right, charge, lien, mortgage or pledge over any of the Sale Shares or the Japanese and Taiwanese Vsource Shares nor are the Sale Shares or the Japanese and Taiwanese Vsource Shares the subject of any rights to acquire or options.

1.3 Save as provided for under this Agreement, there is no restriction, contractual or otherwise binding on the Company against the sale and transfer by the Vendor to the Purchasers of the Sale Shares, or the sale and transfer by the Vendor to the Company of the Japanese and Taiwanese Vsource Shares, and the Vendor is and will be competent and entitled on Completion Date to transfer the legal and beneficial ownership of the Sale Shares to the Purchasers and of the Japanese and Taiwanese Vsource Shares to the Company, free from all claims, encumbrances, interests, rights, charges, liens, mortgages or pledges.

2. Corporate Information, Records, Memorandum and Articles of Association

2.1 To the best of the knowledge and belief of the Vendor, such statements in the Recitals to this Agreement as they relate to the Vendor and the Company (and where applicable, the Japanese and Taiwanese Vsource Companies), are true and accurate in all respects.

2.2 Save for its shareholding in the Japanese and Taiwanese Vsource Companies (upon the transfer of the Japanese and Taiwanese Vsource Shares from the Vendor to the Company), the Company does not hold any equity interest in any other company or corporation.

2.3 To the best of the knowledge and belief of the Vendor, the registers of members of the Vsource Companies and other registers, all material records, statutory and minute books have been properly kept, are up-to-date and contain substantially true and accurate records of all matters required to be recorded therein in accordance with all legal requirements applicable thereto, do not contain any material inaccuracies or discrepancies and all such books, records and documents (including documents of title) which are the property of each of the Vsource Companies, are in the respective Vsource Company's possession or under its control.

25Next Page

2.4 To the best of the knowledge and belief of the Vendor, all accounts, documents and returns material to the operations of the Vsource Companies and which are required to be delivered or made to the relevant regulatory authorities under the applicable laws of Malaysia, and similar laws thereto in Japan and Taiwan, have been duly and correctly delivered or made and contain information in accordance with generally accepted principles relating to all transactions to which each of the Vsource Companies has been a party.

2.5 No notification from the Companies Registrar, Companies Commission or other equivalent authority that any of the foregoing in sections 2.3 and 2.4 is incorrect or should be rectified has been received.

3. Share Capital

3.1 Other than the issuance of shares by the Company to the Vendor in consideration for the Japanese and Taiwanese Vsource Shares, the sale of the Sale Shares pursuant to this Agreement and the sale of shares of the Company by the Vendor pursuant to the sale and purchase agreement dated 11 December 2003 between the Vendor andSymphony House Berhad, there are no valid and enforceable agreements or other arrangements which provide for the present or future issue, allotment or transfer of or accordance to any person of the right (absolute or conditional) to call for the issue, allotment or transfer of, any share or loan capital of any of the Vsource Companies including (without limitation) any option or right of pre-emption or conversion.

3.2 Since the Last Accounting Date:-

	3.2.1	save for the issuance of share capital by the Company for the acquisition of the Japanese and Taiwanese Vsource Shares, no share or loan capital of any of the Vsource Companies has been issued or allotted and none of the Vsource Companies has agreed to issue or allot whether conditionally or absolutely, any share or loan capital;
	3.2.2	none of the Vsource Companies has reduced its share capital;
	3.2.3	no dividend or other distribution of profits has been declared, made or paid by any of the Vsource Companies except out of profits.

3.3 All the issued shares of the Vsource Companies are fully paid-up and none of the Vsource Companies has exercised or purported to exercise or claim any lien over any of them.

3.4 No allotment, issue or transfer of share capital in each of the Vsource Companies has been made in contravention of its memorandum and articles of association or constituent documents or the provisions of the Act or of any similar laws thereto in Japan or Taiwan.

3.5 None of the Vsource Companies has issued any redeemable preference shares or other convertible securities to any third party nor has any person the right to call for the issue of any share or loan capital in any of the Vsource Companies by reason of any conversion rights or under any option or other agreement.

26Next Page

3.6 None of the Vsource Companies has given any financial assistance for the purchase of its own shares or that of the Vendor's in contravention of section 67 of the Act or of any similar laws thereto in Japan or Taiwan.

3.7 None of the Vsource Companies has entered into any arrangement involving the acquisition from or disposal to its directors, substantial shareholders (as defined by section 69D of the Act) or persons connected (as defined by section 122A of the Act) with any of them or otherwise in breach of section 132E or 132G of the Act or of any similar laws thereto in Japan or Taiwan.

3.8 None of the Vsource Companies has granted loans, given guarantees or security in contravention of sections 133 and 133A of the Act or of any similar laws thereto in Japan or Taiwan.

4. Audited Accounts and Completion Accounts

4.1 The financial year for the Company ends on 31 January and that of the Japanese and Taiwanese Vsource Companies ends on 31 January respectively.

4.2 The copies (certified as true by a director or the company secretary or competent person of the relevant Vsource Company) of the Audited Accounts and the Completion Accounts supplied/to be supplied to the Purchasers are true and correct copies of the Accounts.

4.3 Based on applicable accounting and tax principles, the Audited Accounts and where applicable, the Completion Accounts:

	4.3.1	have been and will be prepared on a consistent basis in accordance with generally accepted accounting principles and practices and approved accounting standards prevailing in Malaysia, Japan and Taiwan, as applicable;
	4.3.2	to the best of the knowledge and belief of the Vendor, comply with the requirements of the Act and all other similar regulatory provisions thereto in Japan and Taiwan;

	4.3.3	show a true and fair view of the state of affairs, financial position, assets and liabilities of each of the Vsource Companies and its results for its financial period ending on the Last Accounting Date and the Completion Accounts Date;
	4.3.4	make provision for the depreciation of the fixed assets of each of the Vsource Companies in accordance with generally accepted accounting principles and practices and approved accounting standards prevailing in Malaysia, Japan and Taiwan, as applicable;
	4.3.5	make full provision for all bad and/or doubtful debts of each of the Vsource Companies in accordance with generally accepted principles and practices and approved accounting standards prevailing in Malaysia, Japan and Taiwan, as applicable;
	4.3.6	make full provision for all taxation for which each of the Vsource Companies was liable;

27Next Page

4.3.7

set out all such reserves or provisions for taxation as was advised by each of the Vsource Companies' tax advisers to make on the basis of the rates of tax in force as at the relevant dates in respect of transactions occurring before the Last Accounting Date and where relevant, at the Completion Accounts Date.

4.4 Based on applicable accounting and tax principles, all liabilities or outstanding capital commitments of each of the Vsource Companies as at its Last Accounting Date have been included in the Audited Accounts and where relevant, will be included in the Completion Accounts as at the Completion Accounts Date:

	4.4.1	by way of a provision or reserve; or
	4.4.2	in the case of a liability which was contingent, unquantified or disputed, by way of a note disclosing and stating the likely amount which has been or could be claimed and the likelihood, in the opinion of the directors of the relevant Vsource Company, of the materialisation or success of such a claim.

4.5 The accounting and other books, ledgers, financial and other records of each of the Vsource Companies are in its possession.

4.6 To the best of the knowledge and belief of the Vendor, none of the Vsource Companies has entered into any contract or arrangement or transaction which is an off-balance sheet item having a material adverse effect on the financial condition of the Vsource Companies.

4.7 All assets required to be disclosed as assets of the Vsource Companies pursuant to applicable accounting standards and principles are stated in the Audited Accounts and as at the Completion Accounts Date, will be stated in the Completion Accounts (except for such items as have been disposed of or realised by any of the Vsource Companies in the ordinary course of business) and shall continue to remain in the absolute beneficial ownership of the relevant Vsource Company and to the best of the knowledge and belief of the Vendor, are free from any claims, encumbrances, interests, rights, charges, liens, mortgages or pledges over its assets, hire or hire purchase agreement or leasing agreement or agreement for payment on deferred terms (other than those disclosed in the Audited Accounts or the Completion Accounts).

4.8 The particulars of the balance on each of the Vsource Companies' bank accounts will be made available to the Purchasers within a reasonable time from the date hereof and it has no bank accounts other than those mentioned in such particulars and since the date of such particulars, there has been no payment out of such bank accounts except for routine payments.

5. Business of the Vsource Companies

5.1 Since the Last Accounting Date (save and except as disclosed in the Management Accounts):-

5.1.1

there has been no material adverse change in the financial position any of the Vsource Companies or in the value or state of the assets or amount or nature of its liabilities;

28Next Page

	5.1.2	none of the Vsource Companies has disposed of any asset or assumed or incurred any outstanding material capital commitment or any material liability (whether actual or contingent) otherwise than in the ordinary course of business;
	5.1.3	each of the Vsource Companies has carried on its business in the ordinary course of business without interruption and as a going concern; and
	5.1.4	each of the Vsource Companies has conducted its business in all material respects in accordance with all applicable laws, regulations and requirements of Malaysia or any similar laws thereto in Japan and Taiwan and any relevant foreign country or authority and there is no order, decree or judgment of any court or any governmental or other competent authority or agency of Malaysia, Japan or Taiwan or any foreign country outstanding against any of the Vsource Companies or any person for whose acts any of the Vsource Companies is vicariously liable which may have a material adverse effect upon the assets or business of the Vsource Companies.

5.2 Having regard to the existing bank and other facilities available to the Vsource Companies and on the assumption that they are renewed on the same terms and conditions as they fall due, to the best of the knowledge and belief of the Vendor, each of the Vsource Companies has sufficient working capital for the purposes of continuing to carry on its business in its present form and at its present level of turnover for a period of twelve (12) months after the Completion Date and for the execution, carrying out and fulfillment of all terms, orders, projects and contractual obligations which have been placed with or undertaken by each of the Vsource Companies.

5.3 There are no powers of attorney in force relating to the operations of any of the Vsource Companies given by it to any person to enter into any contract or commitment or do anything on its behalf other than authority to employees to enter into routine contracts in the normal course of their duties.

6. Borrowings & Lending

6.1 As at the date of this Agreement, the total amount borrowed by each of the Vsource Companies from its bankers does not exceed the limit of its facilities and does not exceed any limitation on the borrowing powers contained in its articles of association or constituent document or in any debenture or other agreement or arrangement binding on it.

6.2 Save as disclosed in the Audited Accounts or the Management Accounts, none of the Vsource Companies has any outstanding:

	6.2.1	borrowing or indebtedness in the nature of borrowings including (without limitation) any bank overdrafts, liability under acceptances or any acceptance credit; or
	6.2.2	indebtedness due to any of its present or former directors or to any of its shareholders (other than remuneration accrued or due or reimbursement of business expenses); or
	6.2.3	claims, encumbrances, interests, rights, charges, liens, mortgages or pledges over its assets.

29Next Page

6.3 None of the Vsource Companies has, otherwise than in the ordinary course of its business, lent any money which has not been repaid to it.

6.4 In relation to any claims, encumbrances, interests, rights, charges, liens, mortgages or pledges over its assets or guarantee or bank overdraft, borrowing or other financial facility currently available to or financial obligations currently incurred by each of the Vsource Companies:

6.4.1

the relevant Vsource Company has not been notified of:-

		(a)	any contravention of or non-compliance by it of any provision of any relevant document;
		(b)	the enforcement of any such claims, encumbrances, interests, rights, charges, liens, mortgages or pledges over its assets;
		(c)	the issue of any demand for the immediate repayment of an overdraft, borrowing or other financial facility before the due date for such repayment; and
		(d)	any alteration to the terms and conditions of any credit arrangement or facility currently available to it, all of which are in full force and effect;

		which would have a Material Adverse Effect on the business or financial condition of the Vsource Companies;
	6.4.2	details of all claims, encumbrances, interests, rights, charges, liens, mortgages or pledges over its assets, guarantees, bank overdraft, borrowings and other financial facilities currently available to or financial obligations currently incurred by each of the Vsource Companies will be made available by the Vendor to the Purchasers within a reasonable time after the date hereof;
	6.4.3	where applicable and subject to the lenders' consent or approval of the change of shareholding contemplated by this Agreement, to the best of the knowledge and belief of the Vendor, neither the Vendor nor any of the Vsource Companies has done anything by which the continuance of such credit arrangements and facilities currently available to each of the Vsource Companies might be affected or prejudiced; and
	6.4.4	none of the aforesaid credit arrangements and facilities are dependent on the guarantee of or security provided by any party other than the Vendor.

6.5 None of the Vsource Companies has:

	6.5.1	discounted or factored any of its debts or engaged in financing of a type which could not be required to be shown or reflected in the Audited Accounts and where relevant, in the Completion Accounts; or
	6.5.2	become liable to repay or prepay any loan or loan capital or indebtedness in advance of its maturity date.

7. Licences, Consents, Permits, Approvals

7.1 All necessary material licences, consents, permits, approvals and authorisations have been obtained by each of the Vsource Companies under the applicable laws of Malaysia or any similar laws thereto in Japan and Taiwan, to enable each of the Vsource Companies to carry on its business effectively in the places and in the manner in which such business is now carried on and all such licences, consents, permits, approvals and authorisations are in full force and effect and

30Next Page

to the best of the knowledge and belief of the Vendor, the Vendor knows of no reason why any of them should be suspended, cancelled and revoked. There are no required licences, consents, permits, approvals and authorisations which have not been granted or issued due to the inaction of any of the Vsource Companies and any non-issue of licences, consents, permits, approvals or other authorization, due to the default of any of the Vsource Companies.

7.2 All material reports, returns and information required by law or as a condition of any material licence, consent, permit, approval or other authorisation to be made or given to any person or authority in connection with each Vsource Company's business, have been made or given to the appropriate person or authority.

8. Assets

8.1 Each of the Vsource Companies is the beneficial owner of and has good title to, possession and control of its material assets.

9. Contracts & Arrangements

9.1 Save as disclosed in the Audited Accounts or the Management Accounts, none of the Vsource Companies is a party to:

	9.1.1	any joint venture, consortium or other partnership agreement or arrangement not made in the ordinary course of business;
	9.1.2	any guarantee, warranty, undertaking or contract for indemnity or for suretyship under which the relevant Vsource Company assumes a prospective or contingent liability otherwise than in the ordinary course of its business; or any unlimited undertaking or indemnity given in favour of its clients or third parties in the ordinary course of business;
	9.1.3	any long term or abnormal contract or undertaken any obligations with any third party except in the ordinary course of its business. "Long term contract" means a contract exceeding a term of twelve (12) months or is otherwise not terminable by giving three (3) months' notice in writing.

For the avoidance of doubt, the representations made under Clause 9.1 only relate to contracts which have a value of at least Ringgit Malaysia Five Hundred Thousand (RM500,000.00) or higher.

9.2 To the best of the knowledge and belief of the Vendor, the terms of all contracts have been complied with by each of the Vsource Companies and by the other parties to the contracts in all material respects and there are no circumstances likely to give rise to a default by any of the Vsource Companies or by the other parties under any such contract that would result in a Material Adverse Effect on the business or financial condition of the Vsource Companies.

9.3 There is no outstanding contract of service between any of the Vsource Companies and any of its directors, officers or employees which is not terminable by the relevant company without compensation by giving no more than three (3) months' notice in writing.

31Next Page

9.4 The list of customers of each of the Vsource Companies and all relevant contracts required to be executed in relation to these customers will be provided in the course of the Due Diligence Review.

10. Intellectual Property Rights and Technology

10.1 None of the Intellectual Property rights and Technology of the Vsource Companies have been subjected to any revocation or claim for infringement or passing-off action. In addition, to the best of the knowledge and belief of the Vendor, each of the Vsource Companies has complied with and shall continue to comply with all the legal and regulatory requirements within all laws having jurisdictions over it including new laws or regulations introduced by the relevant authority from time to time.

10.2 Each of the Vsource Companies, its employees and authorised agents are fully licensed to use the Technology and neither the relevant company, its employees nor authorised agents have breached any of the terms or conditions of such licences. For the avoidance of doubt, reference to licences in section 10 of this Schedule shall include all sub-licences and third party rights. Where necessary, each of the Vsource Companies has been duly authorized by the software owners to modify, alter and configure all existing software to suit its business operations and customer specifications.

10.3 None of the Vsource Companies has disclosed or to the best of the knowledge and belief of the Vendor, permitted the disclosure to any person of any of its Intellectual Property rights, Technology, data information pertaining to the Business or its business or lists of customers or suppliers, save to persons who have been properly authorised by the relevant Vsource Company to accept such information.

10.4 None of the Vsource Companies carry on business under any name other than under its current name.

11. Litigation and Insolvency

11.1 Subject to Clause 15 herein, none of the Vsource Companies has been notified of any civil, criminal or arbitration proceedings pending or threatened against it .

11.2 None of the Vsource Companies has been notified of any investigation or inquiry into it by any government department or agency, governmental, public or regulatory authority.

11.3 None of the Vsource Companies has:

	11.3.1	engaged in any material litigation or arbitration proceedings;
	11.3.2	given any undertaking to any court or to any third party arising out of any legal proceedings;
	11.3.3	stopped or suspended payment of its debts, become unable or is deemed unable to pay its debts under section 218(2) of the Act or of similar laws thereto in Japan or Taiwan;

32Next Page

	11.3.4.	been nor is the subject of an action taken for or with a view to its winding-up (whether compulsory or voluntary) pursuant to the Act or of similar laws thereto in of Japan or Taiwan;
	11.3.5	had any receiver and manager or administrators appointed over it or the whole or any part of its assets or undertakings;
	11.3.6	entered into dealings with any of its creditors with a view to avoiding or in expectation of insolvency;
	11.3.7	entered into any scheme of arrangement or reconstruction under section 176 of the Act or of any similar schemes pursuant to similar laws thereto in Japan or Taiwan;
	11.3.8	had any unsatisfied judgment or order (including injunction orders) against it nor any written demand against it; or
	11.3.9	is not subject to any distress, execution or other legal process.

11.4 No governmental or official investigation or inquiry concerning any of the Vsource Companies has been made or threatened and there are no circumstances which are likely to give rise to any such investigation or inquiry.

12. Insurance

12.1 Each of the Vsource Companies has at all material times valid insurance cover from reputable insurers over all of its material assets:

	12.1.1	against all material risks normally insured against by companies carrying on similar types of business as each of the Vsource Companies or having similar assets including, but without limitation, comprehensive all risks, commercial and general liability insurance and workmen's compensation or employers' liability insurance;
	12.1.2	for the full replacement value of the material assets, technology software and equipment therein and for such amount in respect of its business or related to the Business.

12.2 No premium payable in respect of any of the Vsource Companies' material insurance policies are in arrears and none of the Vsource Companies has been notified of any termination of any of its insurance policies by reason of any act done or omitted to be done by it.

12.3 All material insurance policies taken out by each of the Vsource Companies are valid and in force at the Last Accounting Date and will continue to be valid and in force at the Completion Accounts Date.

33Next Page

13. Consequences of the Acquisition of the Sale Shares by the Purchasers and the acquisition of the Japanese and Taiwanese Vsource Shares by the Company

13.1 The acquisition of the Sale Shares by the Purchasers or the acquisition of the Japanese and Taiwanese Vsource Shares by the Company or compliance with the terms of this Agreement:

	13.1.1	to the best of the knowledge and belief of the Vendor, will not cause any of the Vsource Companies to lose the benefit of any right or privilege it presently enjoys or cause any person who normally does business with it including any of its customers to discontinue to do so on the same basis;
	13.1.2	to the best of the knowledge and belief of the Vendor, will not relieve any person of any obligation to any of the Vsource Companies (whether contractual or otherwise) or enable any person to determine any such obligation or any right or benefit enjoyed by it or to exercise any right whether under an agreement or otherwise in respect of it;
	13.1.3	will not conflict with or result in the breach of or constitute a default under any of the terms, conditions or provisions of any agreement or instrument to which any of the Vsource Companies is now a party or any loan or mortgage to which it is a party;
	13.1.4	will not result in any present or future indebtedness of any of the Vsource Companies becoming due and payable or capable of being declared due and payable prior to its stated maturity;
	13.1.5	to the best of the knowledge and belief of the Vendor, will not result in any material loss to any of the Vsource Companies of any other allowance, deduction or credit available for relief for Taxation purposes against the profit or deemed profits of the relevant Vsource Company; or
	13.1.6	will not cause the Company to lose its MSC Status; or
	13.1.7	to the best of the knowledge and belief of the Vendor, will not render any of the Vsource Companies liable to any additional material taxation.

14. Taxation

14.1 Save as disclosed in the Audited Accounts:

	14.1.1	all computations, payments and returns, required to be made by each of the Vsource Companies for any Taxation purpose have been made within the requisite time limits and are proper, correct and up to date; and
	14.1.2	none of the Vsource Companies is liable to pay any penalty, interest, fine or surcharge in connection with such computation, payments or returns.

14.2 None of the Vsource Companies has been:

	14.2.1	notified of any material dispute with any Taxation Authority; and/or
	14.2.2	notified of any inquiry or has been subjected to any investigation audit or visit by any Taxation Authority; and/or

343Next Page

14.2.3

notified of any inquiry or has been subject to any investigation audit or visit by any Officers of Customs;

in relation to its Taxation under the applicable laws of Malaysia, Japan or Taiwan.

14.3 None of the Vsource Companies has entered into or been a party to any scheme or arrangement for which the main purpose or one of the main purposes was the avoidance of, reduction in or deferment of liability for Taxation.

14.4 Each of the Vsource Companies has sufficient records relating to past events to calculate any liability for Taxation or relief from Taxation which might arise.

14.5 To the best of the knowledge and belief of the Vendor, all payments made by each of the Vsource Companies to any person which ought to have been made under deduction or withholding tax (or of sums on account of tax) have been so made and (where required by law) accounted to the appropriate Taxation Authority for the tax so deducted or withheld.

14.6 To the best of the knowledge and belief of the Vendor, none of the Vsource Companies has carried out nor been involved in any transaction in respect of which the relevant Taxation Authority may seek to impose any material additional Taxation.

14.7 All returns, notices and information required to be supplied by each of the Vsource Companies to the Officers of Customs or any other relevant authority have been made within the requisite time limits and are proper, correct and up-to-date.

14.8 Save as disclosed in the Audited Accounts or the Management Accounts, all such documents for transactions entered into by each of the Vsource Companies which are in its possession or under its control and which attract stamp duty, have been properly stamped and no document is presently subjected to adjudication for stamp duty or claims for exemption or relief from payment of stamp duty.

14.9 None of the Vsource Companies has:

	14.9.1	disposed of any material asset (including trading stock) or made any supply for any service or business facility of any kind (including a loan of money or the letting, hiring or licensing of any property whether tangible or intangible) in circumstances where the consideration actually received or receivable for such disposal or supply is less than the consideration which should have been received for tax purposes; or
	14.9.2	entered into or been a party to any transaction which will or may give rise to a material claim for corporation tax on chargeable gains.

15. Employees

15.1 The remuneration and other benefits payable to the officers and employees of each of the Vsource Companies pursuant to their relevant service contracts will be disclosed to the Purchasers within a reasonable time after the date hereof.

35Next Page

15.2 None of the Vsource Companies is a party to any profit sharing, incentive, bonus scheme or arrangement with its employees including contractual bonus nor does it contribute towards any pension fund save for contributions required to be made to the EPF, SOCSO or other statutory funds pursuant to similar laws thereto in Japan and Taiwan.

15.3 None of the Vsource Companies is a party to any collective or similar agreement.

15.4 Except for the remuneration payable under their respective letters of employment and as otherwise required by the law, no contribution or payment is required to be made by any of the Vsource Companies in relation to services provided by its officers or employees.

15.5 No senior management (being any personnel holding the office of vice president or any other higher offices) of any of the Vsource Companies has given or received notice terminating his/her employment except as may be expressly contemplated under this Agreement.

15.6 There are no wage or other claims outstanding against any of the Vsource Companies by any person who is now or has been a director, officer or employee of the relevant Vsource Company.

15.7 To the best of the knowledge and belief of the Vendor, each of the Vsource Companies has in relation to each of its employees (and so far as relevant to each of its former employees):

	15.7.1	complied with all obligations imposed on it by all relevant employment protection legislation in Malaysia, Japan or Taiwan or any other statute regulation or code of conduct relevant to industrial relations between each of the Vsource Companies and its employees; and
	15.7.2	complied with all relevant judicial and/or administrative orders and awards made under the employment protection legislations of Malaysia, Japan and Taiwan.

36Next Page

SCHEDULE 2

DETAILS OF THE PURCHASERS

Name	Percentage of Enlarged Share Capital to be Acquired
JMF Asset Management Sdn Bhd (Company No: 309646-H)	2.58%
Straits Investment Limited (Registration No: NBD/2427)	4.00%
TOTAL	6.58%

THIS AGREEMENT is made on this 30th day of December 2003 BETWEEN:-

Document Metadata

Document Metadata

Table of Contents