Extension Letter for Non-Refundable Deposit Payment under Share Purchase Agreement – WKB Beteiligungsgesellschaft mbH, GA Computer Sciences Inc., and Others
This letter agreement, dated August 23, 2006, is between WKB Beteiligungsgesellschaft mbH, GA Computer Sciences Inc., Crystalwood Holdings Ltd., Vitavea AG, and individuals Peter J. Hoyle and Lina Zhou. It extends the deadline for GA Computer Sciences Inc. to pay a non-refundable deposit of EUR 300,000 under a prior Share Purchase Agreement for the sale of Vitavea AG. The payment deadline is changed from August 15, 2006, to September 15, 2006. All other terms of the original agreement remain unchanged.
WKB Beteiligungsgesellschaft mbH
Koesterstrasse 1a, 47053
Duisburg, Germany
August 23, 2006
Crystalwood Holdings Ltd.
PO Box N-3015
Goodmans 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. |
- Extension of date for payment of non-refundable deposit |
Please take notice that we have agreed to extend the date by which GA Computer Sciences Inc. is 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. We have agreed to extend the date by which the Deposit must be paid from August 15, 2006 to September 15, 2006.
Yours truly,
WKB Beteiligungsgesellschaft mbH
/s/ Walter Krahl
____________________________
By its Managing Director,
Walter Krahl