Extension Letter for Payment of Non-Refundable Deposit under Share Purchase Agreement – WKB Beteiligungsgesellschaft mbH, GA Computer Sciences Inc., and Others
This letter, dated September 15, 2006, is from WKB Beteiligungsgesellschaft mbH to GA Computer Sciences Inc., Crystalwood Holdings Ltd., Vitavea AG, and individuals Peter J. Hoyle and Lina Zhou. It confirms an extension of the deadline for GA Computer Sciences Inc. to pay a non-refundable deposit of EUR 300,000 under a Share Purchase Agreement for the sale of Vitavea AG. The new payment deadline is September 30, 2006, replacing the previous deadline of September 15, 2006.
WKB Beteiligungsgesellschaft mbH
Koesterstrasse 1a, 47053
Duisburg, Germany
September 15, 2006
Crystalwood Holdings Ltd.
PO Box N-3015
Goodman’s Bay Corp. Centre
West Bay Street
Nassau, Bahamas
GA Computer Sciences Inc.
349-6540 East Hastings Street
Burnaby, BC
Canada V5B 4Z5
Vitavea AG
Pascalstrasse 5, D-47506
Neukirchen-Vluyn, Germany
Peter J. Hoyle and Lina Zhou
349-6540 East Hastings Street
Burnaby, BC
Canada V5B 4Z5
Dear Sirs and Mesdames:
| RE: | SALE OF VITAVEA AG to GA Computer Sciences Inc. |
| - Further extension of date for payment of non-refundable deposit |
By a letter dated August 23, 2006, we agreed to extend the date by which GA Computer Sciences Inc. was required to pay us a non-refundable deposit of EUR 300,000 (the “Deposit”) pursuant to Section 2.4 of the Share Purchase Agreement dated for reference as of July 31, 2006 amongst us and each of you, from August 15, 2006 to September 15, 2006.
We are writing to each of you in order to provide you with notice that we have agreed to further extend the date by which GA Computer Sciences Inc. is required to pay the Deposit. We have agreed to extend the date by which the Deposit must be paid to September 30, 2006.
Yours truly,
WKB Beteiligungsgesellschaft mbH
/s/ Walter Krahl
____________________________
By its Managing Director,
Walter Krahl
