INDIA NON JUDICIAL RS 100 ONE HUNDRED RUPEES DELHI 202027 ASSETS PURCHASE AGREEMENT This Assets Purchase Agreement ("Agreement") is executed on this 31st day of March, 2005 BETWEEN: 1. SELLERS (i) M/S. SOFTWARE MOGULS INDIA PRIVATE LIMITED, a company incorporated in terms of the Companies Act, 1956 and having its registered office situated at D - 70 A, East of Kailash, New Delhi - 110 065 through its Director viz. SHRI KESHAV GARG in terms of Board Resolution dated December 03, 2004. (ii) M/S. S M INFOEXPERT PRIVATE LIMITED, a company incorporated in terms of the Companies Act, 1956 and having its registered office situated at D - 70 A, East of Kailash, New Delhi - 110 065 through its Director viz. SHRI KESHAV GARG in terms of Board Resolution dated December 03, 2004. For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -1- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director The aforesaid parties contained in paragraph (i) and (ii) are hereinafter jointly and severally called as "Sellers", which expression shall, unless repugnant to the meaning or context thereof, be deemed to include their successors, nominees and permitted assigns. AND 2. PURCHASERS (i) M/S. APA OPTRONICS (INDIA) PRIVATE LIMITED, a company incorporated in terms of the provisions of Companies Act, 1956 and having its registered office situated at 503-504, Chiranjiv Tower, 43 Nehru Place, New Delhi 110019 through its director Mr. Kulbhushan Jain in terms of Board Resolution dated September 13, 2004. The aforesaid party is hereinafter called as "Purchaser", which expression shall, unless repugnant to the meaning or context thereof, be deemed to include their successors, nominees and assigns. The Sellers and the Purchaser are referred to herein individually as "PARTY" and collectively as "PARTIES" WHEREAS A. The Sellers are the corporate having their units set up under Foreign Trade Policy of the Government of India in the Special Economic Zone (SEZ) situated at NOIDA at A-2, SDF, NSEZ, NOIDA - 201305 (U.P.) INDIA. B. The Sellers i.e. M/s. Software Moguls India Pvt. Ltd. and M/s. S M Infoexpert Pvt. Ltd., have agreed to sell and the Purchasers have agreed to purchase, all the assets as specified in the annexure attached in following manner with this agreement and forms part and parcel of this agreement: (i) List of Specified Assets of M/s. Software Moguls India Pvt. Ltd. as ANNEXURE - A. (ii) List of Specified Assets of M/s. S M Infoexpert Pvt. Ltd. as ANNEXURE - B. For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -2- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director The aforesaid specified assets as contained in Annexure A and B are hereinafter jointly called as "Specified Assets". C. The Parties now desire to record the terms and conditions of their understanding and wish to set forth their respective rights and obligations in respect thereof. NOW THEREFORE, in consideration of the foregoing and the mutual covenants and agreements contained herein, the Parties agree as follows: 1. That subject to condition contained in clause 2, the sellers had agreed to sell their entire assets ("Specified Assets") as described in the attached Annexure A & B on payment of the consideration of US $ 60,000 (equivalent to INR. 26,04,000/-) by the Purchaser. 2. That the sale consideration as mentioned above in clause 1 shall be subject to the deductions to the extent of Rs. 2,04,000/-, the sale value of the amount collected as Sale proceeds of Specified Assets, as detailed in Annexure C. 3. That some of the Softwares presently being used by the sellers are still having a useful life. These Softwares valuing Rs. 2,66,211/- (Rupees two lac sixty six thousand two hundred eleven only) have been sold to the purchasers by the software vendors directly. The purchaser has paid this amount directly to these vendors and this amount is to be reduced from consideration payable under clause 1 hereof. The purchaser can now use these softwares freely. The details of these software are included in ANNEXURE C-1 4. That the Purchaser shall pay the aforesaid consideration to the sellers vide Cheque(s) payable at NOIDA / New Delhi. For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -3- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director 5. That the Sellers hereby undertake the responsibility of ensuring that all the Specified Assets as detailed in ANNEXURE A and ANNEXURE B attached and as contained in the respective audited balance sheet as on March, 31, 2004, are free from all charges or encumbrance or lien of any kind whatsoever. 6. That this agreement is only for the purchase of the entire specified assets of the Sellers and no liabilities of the Sellers of any kind are taken over by the purchaser. 7. That Sellers hereby warrants that all other, rights, claims, intellectual property rights and other assets of the seller, whether tangible and/or intangible. shall hereafter fully vest in the Purchaser and the Sellers will not have any interest of any kind whatsoever in any of the said Assets. 8. The sellers has provided a comprehensive list of intellectual property rights developed and owned by the sellers as annexed with this agreement as ANNEXURE D. This list clearly identify Softwares which had been sold/transferred to the customer of the Sellers in past in the ordinary course of business and the extent to which these rights have been transferred. The seller also hereby warrants that any royalty, license fee or renewal or maintenance charges on IPR sold / transferred in past, if any, will belong to the purchaser. The general applications of such softwares could be used by the purchaser to the extent such usage do not infringe the rights of the buyers as identified in the list. 9. That the assets transferred to the purchaser do not include cash, bank balances, investments, loans and advances and other non business assets of the sellers and specific fixed assets of nominal value as per ANNEXURE E. The security deposits and other advances in the ordinary course of business given by the sellers to various persons or authorities including to state electricity Boards, Telephone companies etc. will belong to the sellers. For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -4- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director 10. That the Sellers jointly as well as severally undertake that the said Specified Assets are free from all liabilities, obligations or charge of any kind whatsoever against it. The Sellers hereby undertake to indemnify the Purchasers and the Company of any liability, which may arise on the Purchaser, of any kind whatsoever in relation to the said Specified Assets. 11. That the Sellers will fully indemnify and co-operate with the Purchasers to ensure that the Purchasers are able to freely enjoy the free physical possession, ownership title and all rights attached to the Specified Assets. The Sellers hereby agree to sign all necessary papers, undertakings, no objection certificates, letters and such other papers and documents as may be required by the Government, Noida Special Economic Zone Authority or any authority or any party dealing with the Purchaser. 12. That the Sellers have warranted that all employees of the sellers as on 1st February, 2005 shall be available to the purchaser for being employed by the purchaser, at the option of the purchaser. 13. That the Sellers also agrees not to employ any of their employees as mentioned above in para 12 for a period of 3 years, in case the said employee is opted for being employed by the Purchaser even if such employees leave the employment of the purchaser at any date for any reason whatsoever. 14. That this Agreement is subject to the approval to various applications as filed by the Purchaser, with the NSEZ Authorities. Govt. of India etc. in a manner acceptable to Purchaser and suited to the business plan of the Purchaser. No legal right will arise in favour of the Sellers in pursuance to this Agreement till the Purchaser fully approve the transaction, as suitable to them in writing by way of Certificate issued by the Purchaser to the Sellers. For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -5- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director 15. That as per the approval of Noida Special Economic Zone (NSEZ) authorities, the Sellers has surrendered the tenancy / lease rights in the premises located at A - 2. SDF, NSEZ, NOIDA - 201305 (U.P.) INDIA and has provided their No Objection Certificate (NOC) in favour of the Purchaser for taking on lease / rent from NSEZ Authorities. The said premise has been allotted by NSEZ, NOIDA on lease to the purchaser. The purchaser have taken possession the premises and all the specified assets as per Annexure A and Annexure B. 16. That the Sellers have warranted that there are no litigation, cases etc. of any kind whatsoever pending before any authority, court of law against the Sellers related to Specified Assets, to the best of their knowledge, information and belief. 17. That Sellers also warrants that they are duly authorized to sell the said Specified Assets and Sellers will obtain necessary permissions for the sale. 18. That Sellers hereby undertake that they have taken all permissions as was be required for the purpose to sell the Specified Assets to the Purchaser in terms of the provisions as contained under Chapter 7 of the Foreign Trade Policy 2004-2009 and has also undertaken that there shall, be no subsistence or continuing obligation, warranties or guarantees relating to the Specified Assets except as specifically undertaken by the purchaser, 19. That the Sellers have agreed that they will not commence any business or operations similar to their present operations or any other business or profession which may amounts to competition with the Purchaser for a period of 3 years from the date of signing of this agreement. 20. That the Sellers have the authorizations to execute this Agreement 21. NOTIFICATION - Any notice or written communication provided for or required in terms of this Agreement by either Party to the other, including but not limited to For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -6- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director any and all offers, writings, or notices to be given hereunder, shall be made in English by courier service delivered letter. The date of receipt of a notice or communication hereunder shall be deemed to be five (5) days after the letter is given to the courier service in the case of a courier service delivered letter. All notices and communications shall be sent to the appropriate address set forth above, until the same is changed by notice given in writing to the other Party. 22. WAIVER OF RIGHTS - Failure or delay on the part of either Party to exercise any right, power or privilege under this Agreement shall not operate as a waiver thereof; nor shall any single or partial non-exercise of any right, power or privilege preclude any other future exercise thereof. 23. ENTIRE AGREEMENT - This Agreement supersede all prior agreements. understandings and representations, written and oral. In case of any inconsistency between this Agreement and any prior understanding this Agreement shall prevail. 24. FORCE MAJEURE 24.1 If an event of Force Majeure occurs, the contractual obligations of the Party affected by Force Majeure shall be automatically suspended during the period of delay caused by such Force Majeure and the period for performing the obligations shall be extended, without incurring any liability there from, for a period equal to such suspension. 24.2 The Party affected by Force Majeure shall promptly inform the other Party in writing and shall furnish within fifteen (15) days thereafter-sufficient proof of the occurrence and expected duration of such Force Majeure. The Party affected by Force Majeure shall also use all reasonable endeavours to mitigate the negative effects of such Force Majeure on such Party's ability to perform its contractual obligations. 24.3 In the event of Force Majeure, the Parties shall immediately consult with each For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -7- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director other in order to find an equitable solution and shall use all reasonable endeavours to minimize the consequences of such Force Majeure. 24.4 For the purposes of this clause, Force Majeure shall mean any act of god such as earthquake, floods, storms or any governmental actions that would render the obligations under this Agreement impossible to perform. 25. EXPENSES - Each Party hereto will bear the legal, accounting and other expenses, duties and taxes incurred by such Party in connection with the negotiation, preparation and execution of this Agreement and the documents and transactions contemplated hereby. 26. AMENDMENTS - This Agreement may be amended only by an instrument in writing signed by duly authorized representatives of each of the Parties. 27. DISPUTE RESOLUTION - That any dispute in relation to this agreement shall be referred to a panel of arbitrators consisting of one nominee each from both sides who will appoint an umpire in terms of Arbitration and Conciliation Act, 1996. 28. JURISDICTION - That the jurisdiction of this agreement will be at New Delhi/Delhi. IN WITNESS WHEREOF THE PARTIES HERETO HAVE HEREUNTO SET THEIR RESPECTIVE HANDS THE DAY AND YEAR ABOVE WRITTEN: FOR SELLERS For SOFTWARE MOGULS INDIA PRIVATE LIMITED /s/ Keshav Garg KESHAV GARG DIRECTOR (Signed in terms of authority given vide Board Resolution dated 3rd December, 2004.) For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -8- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director For S M INFOEXPERT PRIVATE LIMITED /s/ Keshav Garg KESHAV GANG DIRECTOR (Signed in terms of authority given vide Board Resolution dated 3rd December, 2004) FOR THE PURCHASERS FOR APA OPTRONICS (INDIA) PRIVATE LIMITED /S/ Kul Bhushan Jain KUL BHUSHAN JAIN DIRECTOR (Signed in terms of authority given vide Board Resolution dated September 13, 2004.) WITNESSES : 1. 2. For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -9- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director ANNEXURE - A
LIST OF SPECIFIED ASSETS OF M/S. SOFTWARE MOGULS INDIA PVT. LTD. PARTICULARS QUANTITY 1. 125 KVA Generator 1 Manufacturer - Meera & Co, Delhi 2. 20 KVA Generator Manufacturer - Bhaskar, Pune 1 3. DB System Online UPS 5 KVA with 14 Batteries each 3 4. Tata Liebert UPS System Online UPS 6 KVA each 1 with 16 Batteries 5. One KVA UPS of Enlova with 1 Battery 1 6. One KVA UPS of DB with 2 Batteries 1 7. Window ACs of 1.5 tons each (of Voltas Ltd.) 10 with 4 KVA Voltage Stabilizers of Logicstat 8. Split AC of l.5 tons each (of Voltas Ltd.) 1 with 4 KVA Voltage Stabilizer of Logicstat 9. Vintron PC set complete P-III 1 10. Cisco Router-Computer Peripheral-Hard ware 1 11. Hand Dryer 1 12. Refrigerator 1 13. Water Dispenser 1 14. Vending Machine 1 15. Hot Case 1 16. Photo Copier 1 17. Fax Machine 1 18. Projector 1
For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -10- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director
PARTICULARS QUANTITY 19. Wall Clocks 3 20. EPBX System 1 21. Vacuum Cleaner 1 22. Old Carpet on Floor LS 23. Old Chairs 89 24. Old Plastic Chairs 26 25. Sofa Chairs 4 (Total Chairs - 119) 26. Computer Tables 54 27. Plastic Tables 5 28. Side Table 1 29. Executive Table 2 30. Conference Table 1 31. Wooden Table Big 6 32. Steel Table with Side 1 33. Fixed Table 20 (Total Tables - 90) 34. Front Desk 1 35. White Writing Boards & Notice Boards 8 36. Wooden Cabinet 15 37. Filing Cabinet 4 Drawers 1
For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -11- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director
PARTICULARS QUANTITY 38. Filing Cabinet 2 Drawers 1 39. Server Room Rack 1 40. Filing Rack 2 41. Battery Racks 5 42. Almirahs 3 43. Old Exhaust Fans 6 44. Old ceiling Fans 3 45. Pedestrial Fans 2 46. Tube Light Sets fitted with false ceiling 65 47. X lanbit Modem 1 48. GVC Modem 2 49. 16 port HUB DX Lanb 1 50. HPLeaser jet printer 2100 1 51. Sun System 1 52. BayNetworks Switch 1 53. DlinkHub 10 Base T 16 Port 3 54. Enhanced CAT 5 UTP AMP CABLE LS 55. Dual Port Iconable pace plate 20 56. Gang Box- Metallic 20 57. Cisco 2501 Router, 4 MB Flash, 4 mb dram 1 58. Port jack panel 3 59. Conduit Wire Managers 6 60. Power Strip 2 61. HP LI 6P Printer 1 62. 14" Vintron Color monitor 5 63. Samtron Digital 14" Color Monitor 1 64. Dlink utp 16 port Hub 3
For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -12- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director
PARTICULARS QUANTITY 65. Compaq proliant 800- P-II 350mhz Server 1 66. Micom 3k Single Bank, Flach Pak 1 67. Computer Machines - Touch make 7 68. Hubs 6 69. CD Re-Writer 8230 1 70. Epson Stylus-400 Color 1 71. HP SJ5100C-Scanner 1 72. Monitor Sharer 4:1 3 73. Ratioalrose 2000 ent edition Expired requiring Up gradation 1 74. D 4100 - 08939 Rationalrose 2000 enterprise edition 1 documentation kit 75. Roof Ceiling Fixed 5500 sq. ft. 76. Wooden partition embedded in earth having up to 9 ft height 1600 sq. ft. 77. Cubicle of 1.5"*2.5" aluminum embedded in earth with 1200 sq. ft. height of 4'6" appx. 78. Generator room acoustics fixed on walls and ceiling for making it sound proof. 79. Electric fittings for running the unit embedded in walls including cables and electrical MCBs, panel, bush bar and all accessories thereof.
For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -13- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director ANNEXURE- B LIST OF SPECIFIED ASSETS OF M/S. S M INFOEXPERT PVT. LTD.
PARTICULARS QUANTITY 1 . Intel P-IV 2.4 Ghz Server 1 2. Intel P-IV 3.6 Ghz Server 1 3. Intel P-IV 1.8 Ghz Computers 10 4. Sonicwall SOH03/25 VPN (25 user) (validity till dec. 2004) 1 5. Dlink Swith 24 ports 10/100 1
For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -14- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director ANNEXURE-C LIST OF ASSETS SOLD BY THE SELLERS
PARTICULARS QUANTITY 1. Old Computers 37 2. HP Printer def 1 3. Chairs 16 4. Table 1 5. Other Defective Items: - P-133 with multimedia (only sound port without speakers) 2 - Computer System-server :- 2 PII 266mhz , scsi 18 gb hdd, 1.44fdd 128ram, lan card, keyboard, mouse - Computer System Server 4 Intel MMX 200, scsi 4.3gb hdd, 1.44 FDD, 24x cdrom drive, 32mb ram, Lan card, keyboard ,mouse, modem 56 - Computer System Workstation 166mmx ,4.3 hdd, 32mb ram, 1.44fdd 24x cdrom drive, lan card, mouse 15 keyboard - Computer System-Workstation 6 166 MMX, 4.3GB HDD, 32MB Ram, 1.44 FDD, 24x Cdrom lan card Keyboard, Mouse - Dlink hub 8 Port 10 Base T 6 - 14' Digital Color Monitor 8 - HP-CDR 7100E CD-REWRITER 1 For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -15- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director - 14" Vintron Color monitor 1 - Samtron Digital 14" Color Monitor 2 - Vintron II 350 mhz,64 sdram,4.3gb, 3 color monitor,lan card ,mouse keyboard - Vintron P-II 350 mhz 64mb 4.3 gb, 5 14" color monitor, mouse, speaker, modem, 36x cdrom drive,cvt 500va - Compaq Presario 2262 300mhz, cyrix 1 Processor, 32mb ram, 2.1 gb hdd 1.44 fdd,32x cdrom drive, 15"color monitor, modem, lan card , keyboard mouse, sound card, speaker - Compaq Deskpro EP, celeron 300A, 1 64 mb ram, 1.44fdd, 4.3gb hdd,Agp card,lan card, compaq v45 color monitor, mouse, keyboard, microsoft windows 95 pre loaded - Compaq Deskpro EP,celeron 300A, 2 64 mb ram, 1.44fdd, 4.3gb hdd,Agp card, lan card, compaq v45 color monitor,mouse,keyboard, microsoft windows 95 pre loaded - P-II 350 MHZ Intel Processor along with 64mb dimm,pcivga 2 mb with cabinet, smps 3 - Vintron PC 1 P-II 350/64 RAM/4.3 HDD/1.44 FDD,PCI VGA 2 MB 14"COLOUR Keyboard/ Mouse
For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -16- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director ANNEXURE C1 SOFTWARE PURCHASED FROM THIRD PARTY A. M/s. SOFTWARE MOGULS INDIA PRIVATE LIMITED
- ----------------------------------------------------------------------------------------------------------- S. DETAILS OF QTY. REMARKS ON TRANSFERABILITY / INVOICE ISSUED BY No. SOFTWARE INVOICE(S) ISSUED IN FAVOUR OF M/s. APA Optronics India Pvt. Ltd. - ----------------------------------------------------------------------------------------------------------- 01 Visual studio 97 1 Through Invoice No. FSPL / BD / 2004-05 Third party vendor against debit Prof. upgrade / 524 dated 14/02/2005of M/s. Futuresoft note no. SMIPL/2004-05/2 dated on cd Rom Solutions Pvt. Ltd. for Rs. 25,000/- 01.02.2005 of M/s. Software Moguls India Pvt. Ltd. for Rs. 15,250. - ----------------------------------------------------------------------------------------------------------- 02 Windows NT 1 Through Invoice No. 59 dated 09/02/2005 Third party vendor against debt Server 4.0 (5 of M/s. S & S Enterprises for Rs. 25,000/- note no. SMIPL/HO 20047-05/01 user) dated 01.02.2005 of M/s. Software Moguls India Pvt. Ltd. for Rs. 23,000/- - ----------------------------------------------------------------------------------------------------------- 03 True DB Grid Through Invoice No. 59 dated 09/02/2005 Third party vendor against debt pro 6.0 (exp. of M/s. S & S Enterprises for Rs. 1,000/- note no. SMIPL/HO /2004-05/01 reg. updation) dated 01.02.2005 of M/s. Software Mogul India Pvt. Ltd. for Rs. 500/- - ----------------------------------------------------------------------------------------------------------- 04 Olectra chart Through Invoice No. 59 dated 09/02/2005 Third party vendor against debit 6.0 (exp. req. of M/s. S & S Enterprises for Rs. 1,000/- note no. SMIPL/HO /2004-05/01 updation) dated 01.02.2005 of M/s. Software Moguls India Pvt. Ltd. for Rs. 500/- - ----------------------------------------------------------------------------------------------------------- 05 Installshield 1 Through Invoice No. 59 dated 09/02/2005 Third party vendor against debit Software (exp. of M/s. S & S Enterprises for Rs. 1,000/- note no. SMIPL/HO /2004-05/01 req. updation) dated 01.02.2005 of M/s. Software Moguls India Pvt. Ltd. For Rs. 500/- - ----------------------------------------------------------------------------------------------------------- 06 Visual studio 1 Through Invoice No. 59 dated 09/02/2005 Third party vendor against debit Ent full pack of M/s. S & S Enterprises for Rs. 55,000/- note no. SMIPL/HO /2004-05/01 - ---------------------------- for 5 Users. dated 01.02.2005 of M/s. 07 Visual studio 4 Software Moguls India Pvt. Ltd. ver6.0 Ent for Rs. 50,000/- Edition OLP NL. - ----------------------------------------------------------------------------------------------------------- 08 Visual C++ 6.0 1 Through Invoice No. 59 dated 09/02/2005 Third party vendor against debit STD Full pack of M/s. S & S Enterprises for Rs. 3,600/- note no. SMIPL/HO /2004-05/01 dated 01.02.2005 of M/s. Software Moguls India Pvt. Ltd. for Rs. 3,000/- - ----------------------------------------------------------------------------------------------------------- 09 Windows 2000 1 Through Invoice No. 59 dated 09/02/2005 Third party vendor against debit prof PUP with of M/s. S & S Enterprises for Rs. 6,200/- note no. SMIPL/HO /2004-05/01 95 full pack dated 01.02.2005 of M/s. Software Moguls India Pvt. Ltd. for Rs. 6,000/- - -----------------------------------------------------------------------------------------------------------
For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -17- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director
- ---------------------------------------------------------------------------------------------------------- 10 SBS 2000 FP 1 Through Invoice No FSPL / BD / 2004-05 Third party vendor against debit with 5 clients / 524 dated 14/02/2005 of M/s. Futuresoft note no. SMIPL/2004-05/2 dated CPUP from sun Solutions Pvt. Ltd. for Rs. 36,961/- 01.02.2005 of M/s. Software solaris 8.X intel Moguls India Pvt. Ltd. for Rs. version 36,961/-. - ---------------------------------------------------------------------------------------------------------- 11 Windows 2000 2 Through Invoice No. FSPL / BD / 2004-05 Third party vendor against debit server with 5 / 524 dated 14/02/2005 of M/s. Futuresoft note no. SMIPL/2004-05/2 dated CALS FP CUP Solutions Pvt. Ltd. for Rs. 32,200/- 01.02.2005 of M/s. Software with Sun Moguls India Pvt. Ltd. for Rs. Solaris 8.X intel 32,200/- version - ---------------------------------------------------------------------------------------------------------- 12 Anti virus 1 Through Invoice No. 59 dated 09/02/2005 Third party vendor against debit software of M/s. S & S Enterprises for Rs. 500/- note no. SMIPL/HO/2004-05/01 (expired dated 01.02.2005 of M/s. requires Software Moguls India Pvt. Ltd. updation) for Rs. 100/- - ----------------------------------------------------------------------------------------------------------
B. M/s. SM INFOEXPERT PRIVATE LIMITED
- ------------------------------------------------------------------------------------------------------------ S. DETAILS OF QTY. REMARKS ON TRANSFERABILITY / INVOICE ISSUED BY NO. SOFTWARE INVOICE(S) ISSUED IN FAVOUR OF M/s. APA Optronics India Pvt. Ltd. - ------------------------------------------------------------------------------------------------------------ 13 SQL server 1 Through Invoice No. 58 dated 01/02/2005 Third party vendor against debit 2000 (5 users) of M/s. S & S Enterprises for Rs. 53,500/- note no. SMIEPL 2004- With paper 05/DTA/01 dated 01.02.2005 of licence and CD M/s. Software Infoexpert Pvt. media (lifetime) Ltd. for Rs.50,000/- - ------------------------------------------------------------------------------------------------------------ 14 Crystal report 9.0 1 Through Invoice No. 58 dated 01/02/2005 Third party vendor against debit (Developer) of M/s. S & S Enterprises for Rs. 34,000/- note no. SMIEPL 2004- 05/DTA/01 dated 01.02.2005 of M/s. Software Infoexpert Pvt. Ltd. for Rs.30,000/- - ------------------------------------------------------------------------------------------------------------ 15 Symantec 2 Through Invoice No. 59 dated 09/02/2005 Third party vendor against debit Norton anti of M/s. S & S Enterprises for Rs. 500/- note no. SMIEPL 2004- virus (5 users) 05/DTA/01 dated 01.02.2005 of (expired M/s. Software Infoexpert Pvt. Required Ltd. for Rs.200/- updation) - ------------------------------------------------------------------------------------------------------------
For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -18- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director ANNEXURE - D LIST OF INTELLECTUAL PROPERTY RIGHTS (IPR) DEVELOPED BY THE SELLERS A. M/S. SOFTWARE MOGULS INDIA PRIVATE LIMITED (a) Software Developed for customers of M/s. Advanced Web Solutions Inc. USA and Owned (non exclusive rights) are as follows: - E. Mail server - Developed for Lawsons, USA - Site Builder - Developed for Lawsons and Fifty below (b) Software Developed for Customers of M/s. Advanced Web Solutions Inc. USA are as follows: - S. M. OLUM - K R S Education Programme - Maintrax - 1 H 1 - Web enabling - Health easy - web enabled - Marconi Cass - Clients of C H Robinson - Banta - Clients of C H Robinson - Ship LTL - C H Robinson B. M/S. S M INFOEXPERT PVT. LTD. (a) Software Developed for customers of M/s. Advanced Web Solutions Inc. USA are as follows: - Utility Captain renamed as SM OLUM, the enhanced version of SMENG. For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -19- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director ANNEXURE - E DETAILS OF ASSETS NOT SOLD A. M/S. S M INFOEXPERT PVT. LTD.
1. FURNITURE & FIXTURE RS. 22,270/- 2. ELECTRIC FITTING RS. 8,075/- 3. POWER SUPPLY SYSTEM RS. 15,570/- TOTAL RS. 46,095/-
For Software Moguls India Private Limited For SM INFOEXPERT PVT. LTD. /s/ Keshav Garg Director /s/ Keshav Garg DIRECTOR - -------------------------------------------------------------------------------- -20- For APA OPTRONICS (INDIA) PVT. LTD. /s/ Kul Bhushan Jain Director