Schedule A
The un-audited balance sheet of inCall Systems Pte Ltd as of September 30, 2002
as per Clause 1.10 of the Share Purchase Agreement.
INCALL SYSTEMS PTE LTD - CONSOLIDATED BALANCE SHEET (Asia only) UN-AUDITED
9 Months ACTUAL FY 2002
SGD SGD USD USD
Fixed Assets
Leasehold Improvements 24,936 14,041
Acc depn - Leasehold Improvement (3,810) (2,145)
---------- -----------
Net - Leasehold Improvement 21,127 11,896
Computer & Software 100,477 56,575
Acc depn - Computer & Software (39,856) (22,442)
---------- -----------
Net - Computer & Software 60,621 34,133
Office Equipment 46,612 26,246
Acc depn - Office Equipment (6,998) (3,941)
---------- -----------
Net - Office Equipment 39,614 22,305
Office Furniture & Fittings 5,865 3,302
Acc depn - Office Furniture & Fittings (817) (460)
---------- -----------
Net - Office Furniture & Fittings 5,048 2,842
---------- -----------
Net Fixed Assets 126,410 71,177
Current Assets
Trade Debtors 142,971 80,502
Other Debtors -- --
Deposits 29,656 16,698
Prepayments 861 485
Deferred expenses -- --
Contra (464) (261)
Cash at Bank 12,339 6,948
Petty cash 55 31
GST Input Tax 1,599 901
Amount due to Holding Co - Malaysia Branch -- --
-------- --------
187,018 105,303
Schedule A
Page 2.
Less: Current Liabilities
Trade Creditors 110,486 62,211
Other Creditors -- --
Accruals - Bonus -- --
-------- --------
Accruals - CPF 7,254 4,084
Accruals - Salaries 80,640 45,406
Accruals - HP/Tpt allowances 1,335 752
Accruals - Expenses 27,352 15,401
Leasing Creditors -- --
Interest Payable -- --
-------- --------
GST Output Tax 7,275 4,096
Short Term Convertible Loan -- --
Provision of Contingency
-------- --------
Amount due to Directors
-------- --------
Amount due to Holding Co -
inCall Systems, Inc. 353,432 199,004
Deferred Income 33,344 18,775
Amount due to The Internet Call Centre 23,769 13,383
-------- --------
644,888 (457,871) 363,113 (257,810)
-------- --------
(331,461) (186,633)
======== ========
Financed by:
Share Capital 2 1
Share Premium -- --
Retained Earnings (87,251) (49,128)
Total Profit (Loss) for the period (244,212) (137,507)
-------- -------
Total Shareholders Equity (331,461) (186,633)
======== ========
Schedule B
Accounts Payable as per Clause 1.11 of the Share Purchase Agreement.
Accounts Payable as of March 17, 2003
INCALL SYSTEMS PTE LTD
Vendor Aged Summary as of March 17, 2003
Total Current 31 to 60 61 to 90 91+
--------- --------- --------- -------- ---------
Ascendas Land (Singapore) Pte Ltd 43,307.37 9,390.03 10,347.58 9,390.03 14,179.73
Asia Corporate Services (SEA) 7,682.66 0.00 0.00 (7,682.66) 15,365.32
Fon Kon Tan Grant Thornton 12,161.32 2,281.00 0.00 0.00 9,880.32
Fuji Xerox Phaser Printing Southest 252.35 0.00 0.00 0.00 252.35
Graphics And Copier Systems Pte Ltd 682.20 102.96 0.00 0.00 579.24
Kompass South East Asia Ltd 1,854.00 0.00 0.00 0.00 1,854.00
Logos Communications 2,060.00 0.00 0.00 0.00 2,060.00
Pacific Internet Limited 57.85 26.70 31.15 0.00 0.00
Pagesetters Services Pte Ltd 515.00 0.00 0.00 0.00 515.00
Purple Circle Design Pte Ltd 2,360.00 0.00 0.00 0.00 2,360.00
Rimec Construction 2,336.45 0.00 0.00 0.00 2,336.45
San Printing Company 198.00 198.00 0.00 0.00 0.00
Singapore Press Holdings Limited 374.40 312.00 62.40 0.00 0.00
Singapore Telecommunications Ltd 1,781.39 1,781.39 0.00 0.00 0.00
SP Services Ltd 1,401.64 677.85 723.79 0.00 0.00
StarHub Internet Pte Ltd 2,758.08 1,379.04 1,379.04 0.00 0.00
StarHub Pte Ltd 1,297.19 0.09 0.00 0.00 1,297.10
WMG Pte Ltd (249.78) 0.00 0.00 0.00 (249.78)
Yong Joon 1,000.00 0.00 0.00 0.00 1,000.00
Zone Telecom Pte Ltd 1,112.54 1,112.46 0.00 0.08 0.00
--------- --------- --------- -------- ---------
S$ 82,942.66 17,261.52 12,543.96 1,707.45 51,429.73
========= ========= ========= ======== =========
US$ 47,252.43 9,833.89 7,146.29 972.73 29,299.52
========= ========= ========= ======== =========
Schedule B
Page 2.
INCALL SYSTEMS PTE LTD
Accrued Staff Salary up to February 28, 2003
- --------------------------------------------------------------------------------------------------------------
S/no. Name Nov'02 Salary Dec'02 Salary Jan'03 Feb'03 Total
- --------------------------------------------------------------------------------------------------------------
1 Christopher Wong 0.00 1,288.37 1,519.50 2,807.87
- --------------------------------------------------------------------------------------------------------------
2 Clarence Sim Khern Ngai 1,800.00 2,800.00 2,800.00 7,400.00
- --------------------------------------------------------------------------------------------------------------
3 Cleonice Chua 0.00 1,360.00 1,360.00 2,720.00
- --------------------------------------------------------------------------------------------------------------
4 Erine Franco 700.00 1,278.26 2,100.00 4,078.26
- --------------------------------------------------------------------------------------------------------------
6 Lim Ai Wah 1,472.00 2,104.00 2,423.00 5,999.00
- --------------------------------------------------------------------------------------------------------------
7 Ng Jen Foek 0.00 1,119.50 1,119.50 2,239.00
- --------------------------------------------------------------------------------------------------------------
8 Rita Kho Lee Ling 0.00 929.35 1,450.00 2,379.35
- --------------------------------------------------------------------------------------------------------------
9 Seah Chin Tiong 1,000.00 5,700.00 5,700.00 5,700.00 18,100.00
- --------------------------------------------------------------------------------------------------------------
11 Wong Sook Foon Karen 0.00 1,760.00 1,760.00 3,520.00
- --------------------------------------------------------------------------------------------------------------
S$ 1,000.00 9,672.00 18,339.48 20,232.00 49,243.48
-----------------------------------------------------------------------------
US$ 569.70 5,510.14 10,448.00 11,526.17 28,054.01
=============================================================================
Accrued CPF Contributions and Permanent Staff Salary as of February, 2003
INCALL SYSTEMS PTE LTD
Accrued CPF Contributions for Permanent Staff:
---------------
Feb'03
---------------
- -------------------------------
CPF CONTRIBUTIONS: 6,241.00
- ---------------------------------------------
CDAC 1.00
- ---------------------------------------------
SDL: 28.00
- ---------------------------------------------
S$ 6,270.00
---------------
US$ 3,572.02
===============
Schedule C
All existing customer contracts signed with inCall Systems Pte Ltd; the Internet
domain (www.incallsystems.com) and the Accounts Receivable as per Clause 1.16 of
the Share Purchase Agreement.
Accounts Receivable as of March 17, 2003
INCALL SYSTEMS PTE LTD
Customer Aged Summary as of March 17, 2003
Total Current 31 to 60 61 to 90 91+
------------- ------------- ---------- ------------- ------------
AVAYA Singapore Pte Ltd 16,920.73 4,420.00 -- 12,500.73 --
INVESTools Asia Pacific Pte Ltd 3,416.40 3,416.40 -- -- --
Open Tide Asia Pte Ltd 3,605.00 -- -- -- 3,605.00
Reed Business Information 1,636.96 1,636.96 -- -- --
Singapore Tourism Board 6,240.00 -- 6,240.00 -- --
SITA Information Networking 2,080.20 1,040.52 1,039.68 -- --
SSA Global Technologies 6,602.75 6,602.75 -- -- --
Sun Microsystems Pte Ltd 1,336.92 1,336.92 -- -- --
Veritas Software (S) Pte Ltd 1,040.00 1,040.00 -- -- --
ZONE Telecom Pte Ltd 17,886.96 16,235.44 1,651.52 -- --
S$ 60,765.92 35,728.99 8,931.20 12,500.73 3,605.00
============= ============== ========== ============= ============
US$ 34,618.34 20,354.81 5,088.10 7,121.67 2,053.77
============= ============== ========== ============= ============
Schedule D
The Vocalscape Networks, Inc. grant of "Royalty Free License" to inCall Systems
Pte Ltd as per Clause 1.26 of the Share Purchase Agreement.
March 1, 2003
Grant of "Royalty Free License" to inCall Systems Pte Ltd of Singapore by
Vocalscape Networks, Inc., a Nevada incorporated company with a business office
located at Suite 610 - 1111 Melville Street, Vancouver, British Columbia, Canada
V6E 3C9.
Terms
Technology - specifically technology owned by Vocalscape Networks, Inc. of
Nevada including but not limited to VoIP (Voice over Internet Protocol)
[eyefone], PC (Personal Computer) to PC, PC to Phone, Phone to Phone, Maximum
Desktop, Rapid Classroom and interactive chat at www.vocalconnect.com.
Customer - any person or corporation that inCall Systems Pte Ltd provides call
center services to and invoices for those services.
License - to use the technology for its new and existing customers as part of
the services rendered to the customer. inCall Systems Pte Ltd may not sell or
provide the technology to any non-customer.
Indemnification
Vocalscape Networks, Inc. agrees to defend, indemnify and hold inCall Systems
Pte Ltd harmless for any loss, damage or liability for any claimed infringement
of any U.S. patent right, copyright and trade secrets, or other proprietary
rights asserted by any third person arising out of inCall Systems Pte Ltd's use
of any Vocalscape Networks, Inc. products, provided:
(1) that Vocalscape Networks, Inc. is promptly notified in writing by
inCall Systems Pte Ltd of any such claim against Distributor,
(2) that inCall Systems Pte Ltd authorizes Vocalscape Networks, Inc. to
assume sole control over the defense of any such claim thereafter,
together with the right to settle or compromise such claim, and
(3) that inCall Systems Pte Ltd makes available to Vocalscape Networks,
Inc. such information, assistance and authority as may be reasonably
requested by Vocalscape Networks, Inc. in order to enable Vocalscape
Networks, Inc. to defend any such claim. In the event any such claim is
asserted, Vocalscape Networks, Inc. shall have the right without
limitation, at its option either:
(a) to obtain such rights and/or licenses from the claimant as
may be necessary to enable inCall Systems Pte Ltd to continue
using and/or marketing the Vocalscape Networks, Inc. products
which are the subject of the claim, and/or
Schedule D
Page 2.
(b) to modify the Vocalscape Networks, Inc. products with
respect to which such claim is asserted so as to avoid further
claimed infringement by such Person.
Vocalscape Networks, Inc. further agrees to indemnify and hold harmless inCall
Systems Pte Ltd or any dealer from and against any and all liabilities, costs,
damages and expenses (including legal costs) arising out of or in connection
with any issue for warranty.
No Combination Claims.
Vocalscape Networks, Inc. shall not be liable to inCall Systems Pte Ltd
for any claim arising from or based upon the combination, operation or
use of any Vocalscape Networks, Inc. product or inCall Systems Pte Ltd
product with equipment, data or programming supplied by or not supplied
by Vocalscape Networks, Inc., or arising from any alteration or
modification of Vocalscape Networks, Inc. products or inCall Systems
Pte Ltd products.
Indemnification of Vocalscape Networks, Inc.
inCall Systems Pte Ltd agrees to indemnify Vocalscape Networks, Inc.
(including reasonable attorneys' fees and costs of litigation) against
and hold Vocalscape Networks, Inc. harmless from any and all claims by
any other party resulting from inCall Systems Pte Ltd's acts (other
than the mere marketing of Vocalscape Networks, Inc. products),
omissions or representations, regardless of the form of action.
Disclaimer of Warranties; Limited Liability.
Disclaimer of Warranties.
To the extent permitted by applicable law, all Vocalscape Networks,
Inc. software and inCall Systems Pte Ltd software is delivered "as is"
and without express or implied warranty of any kind by either
Vocalscape Networks, Inc. or anyone else who has been involved in the
creation, production or delivery of such software, including but not
limited to any implied warranty of merchantability, noninfringement or
fitness for a particular purpose.
Limited Warranty.
Vocalscape Networks, Inc. warrants to inCall Systems Pte Ltd that it
shall fully and faithfully honor its obligations to all End-Users
pursuant to its End-User License Agreement. Satisfaction by Vocalscape
Networks, Inc. of its obligations pursuant thereto shall be Vocalscape
Networks, Inc.'s sole liability, and inCall Systems Pte Ltd's sole
remedy against Vocalscape Networks, Inc. on account of any claim
relating to the quality or performance of any Vocalscape Networks, Inc.
software and/or inCall Systems Pte Ltd software, whether such claim
shall be based upon principles of contract, or warranty, negligence or
other tort, breach of any statutory duty, or otherwise. If for any
reason Vocalscape Networks, Inc. should fail to meet its obligations
pursuant hereto, Vocalscape Networks, Inc.'s liability to inCall
Systems Pte Ltd nevertheless shall be limited to the fee paid by inCall
Systems Pte Ltd to Vocalscape Networks, Inc. with respect to the copy
or copies with respect to which any such claim is asserted.
Schedule D
Page 3.
Limitation of Liability.
Under no circumstances shall Vocalscape Networks, Inc. be liable to
inCall Systems Pte Ltd on account of any claim (whether based upon
principles of contract, warranty, negligence or other tort, breach of
any statutory duty, principles of indemnity, the failure of any limited
remedy to achieve its essential purpose, or otherwise) for any special,
consequential incidental or exemplary damages, including but not
limited to lost profits, or for any damages or sums paid by inCall
Systems Pte Ltd to third parties, even if Vocalscape Networks, Inc. has
been advised of the possibility of such damages.
inCall Systems Pte Ltd Warranty.
inCall Systems Pte Ltd will make no warranty, guarantee or
representation, whether written or oral, on Vocalscape Networks, Inc.'s
behalf.
- --------------------------
Marc Crimeni
President & CEO
Schedule E
Schedule of payments as per Clause 3.2 of the Share Purchase Agreement.
Payment to be made upon signing:
inCall Systems (B.C.) Inc. $12,000.00 USD
Name of Account: inCall Systems (B.C.) Inc.
dba inCall Systems
Account Number: 0004 4691 658
Bank: Bank of Montreal
First Bank Tower
595 Burrard Street
Vancouver, B.C.
Canada V7X 1L7
Telephone: (604) 665-7551
Swift Code: BOFMCAM2
Payments to be made within 5 days of signing:
(a) Pay the call center landlord in Singapore
Name of account: Ascendas Land (Singapore) Pte Ltd $10,000.00 USD
Account Number: 0-813155-001
Bank: Citibank N.A.
Bank Code: 7214
Branch Name: Head Office
Branch Code: 001
(b) Pay inCall Systems Pte Ltd auditors
Foo Kon Tan & Grant Thornton $11,486.45 USD
Account Name: Foo Kon Tan & Grant Thornton
Account No. 141-576090-001
Bank: The Hongkong & Shanghai Banking Corporation Ltd
10 Collyer Quay #01-01
Ocean Building
Singapore 049315
Bank code: 7232
Branch code: 141
Swift code: HSBCSGSG
Schedule E
Page 2.
(c) Pay inCall Systems Pte Ltd bookkeeper
Asian Corporate Services (SEA) Pte Ltd $6,848.00 USD
Name of Account: Asian Corporate Services (SEA) Pte Ltd
Account Number: 911-344-489-0
Account Type: Singapore Dollars
Bank: United Overseas Bank Limited
North Bridge Road Branch
Blk 231 Bain Street
#02-29/39 Bras Basah Complex
Singapore 180231
Swift Code: UOVBSGSG
Payment to be made within 14 days of signing the LOI:
Pay inCall Systems Pte Ltd $10,000.00 USD
(payment against Singapore call center staff accrued salaries)
Name of Account: inCall Systems Pte Ltd
Account Number: 0033-000669-01-1-022
Bank: DBS Bank
Raffles City Branch
252 Northbridge Road #01-11
Singapore 179103
Swift Code: DBSSSGSG
Notation:
The payments to:
Ascendas Land (Singapore) Pte Ltd
Foo Kon Tan & Grant Thornton
Asian Corporate Services (SEA) Pte Ltd
inCall Systems Pte Ltd
will reduce the accounts payable listing by approximately $37,554.98 SGD
(Singapore dollars).
Schedule F
The resolution of the Directors of the Seller authorizing the transfer of the
shares, the registration of the share in the name of the Buyer and the issuance
of share certificates representing the shares registered in the name of the
Buyer as per Clause 4.1 (a) (ii) Share Purchase Agreement.
inCall Systems, Inc.
DIRECTOR'S RESOLUTION
A special meeting of the Board of Directors was validly held on March 17, 2003,
which meeting was chaired by Marc Crimeni. Mr. Crimeni and Mr. Robert Harris
were in attendance, which constitutes all of the Directors of the Company.
WHEREAS the Company has decided to sell its wholly owned operating subsidiary
inCall Systems Pte Ltd in Singapore to Intercontinental Communications, Inc., a
private Nevada corporation.
RESOLVED that the Company will sell the Singapore call center to
Intercontinental Communications, Inc. for $800,000 US in a combination of cash
and a promissory note. The Company will sell the call center and all its assets
and business for $12,000 cash and a $788,000 promissory note that it will
exchange for equity in a publicly listed company. This sale does not represent
the sale of all or substantially all of the assets of the Company.
With no further business to transact, the meeting was closed.
DATED at Vancouver, British Columbia, Canada this 17th day of March 2003.
/s/ Marc Crimeni /s/ Robert Harris
- ---------------------------------- ----------------------------------
Marc Crimeni, Director Robert Harris, Director
Schedule G
The inCall Systems Pte Ltd "List of Assets" as per Clause 1.16 of the Share
Purchase Agreement.
Schedule G
The inCall Systems Pte Ltd "List of Assets" as per Clause 1.16 of the Share
Purchase Agreement.
Incall Systems Pte Ltd
Fixed Assets Schedule as at 31 Jan 2003
SPLIT TABLE
Cost as at Additions Acc. Depn
Date Descriptions Reference as at Jan 01- Dec'02 Jan-03 Jan 01- Dec'02
Leasehold Improvements (A/C Code "2000") (6 years) GL - Batch S$ S$ S$
- --------------------------------------------------
11/05/01 CT-Allswell Removal & Disposal Svc-3ft
Partition @ 67pcs DBS 103046 2,680.00 -- 521.08
11/05/01 CT-Chuan Seng Garage Sales-Partition
3ft @ 23pcs DBS 103046 920.00 -- 178.92
11/05/01 Rimec Constrution RMC/01/0130 17,154.65 -- 3,335.64
11/16/01 Rimec Constrution RMC/01/0132 4,181.80 -- 813.12
------------------------------------------------
S$ 24,936.45 -- 4,848.76
================================================
*US$ 14,206.30 2,762.34
================================================
Cost as at Additions Acc. Depn
Date Descriptions Reference as at Jan 01- Dec'02 Jan-03 Jan 01- Dec'02
Computer (A/C Code "2200")(6years) GL - Batch S$ S$ S$
- --------------------------------------------------
04/25/00 HP Brio D6900 C400 (M4300) Gl-GJ 1-5 7,583.33 -- 3,159.76
04/25/00 HP Brio C333 Series (D6779A) Gl-GJ 1-5 691.25 -- 288.00
04/25/00 HP Brio C400 Series (D6779A) Gl-GJ 1-5 2,765.00 -- 1,152.04
04/25/00 Claris Headset (18 sets @ S$147.50 per set) Gl-GJ 1-5 1,548.75 -- 645.36
05/12/00 A220510Z-Dell Dimension L600r Desktop Gl-GJ 1-5 12,075.56 -- 5,031.44
05/23/00 A420521-Dell Poweredge 2400/600 Server Gl-GJ 1-5 4,528.94 -- 1,887.02
07/03/00 HP CD-Writer Plus 931OI HP CD-R Media Gl-GJ 1-5 368.67 -- 153.60
07/07/00 Catalyst 3548 x Enterprise Edition Gl-GJ 1-5 12,233.33 -- 5,097.20
09.08.00 A420828 - Dell Poweredge 2400/733 server Gl-GJ 1-5 5,457.64 -- 2,274.00
08/09/00 A720830-Dell (TM) Latitude(TM) CPx J750GT Gl-GJ 1-5 4,079.17 -- 1,699.62
08/09/00 A720830-Dell (TM) Latitude(TM) CPx J750GT Gl-GJ 1-5 8,977.78 -- 3,740.78
07/25/00 HP VECTRA VEI8 PIII650,INTEL PENTIUM Gl-GJ 1-5 2,760.00 -- 1,150.00
07/25/00 UPGRADE 17" HP MONITOR Gl-GJ 1-5 200.00 -- 83.38
07/11/00 HP D9896A + HP-D8894A Gl-GJ 1-5 18,506.67 -- 7,711.16
06/29/01 Gl-GJ 1-5 10,142.91 -- 4,226.20
COMPAQ DeskPro 1000 P5/200MMX
Rack Mount Unit
HP NetServer L H Pro 6/200 (SQL Server)
HP NetServer LD Pro 6/200 (NT PDC)
3-com Dual Speed Hub 500 10/100BT 12-Port
48 Ports Patch Panel
24 Ports Patch Panel
MS Office Pro97
HP Laserjet 6NP
UPS APC SmartUPS 1400 with powerchute
Webramp M3
HP Brio 233 MMX
OEM Pentium II 300 Mhz CPU
OEM Pentium 200 MMX
HP Surestore 81
Prima 25 Binder
Call Accounting Software
Goldmine for Win95 Enterprise Version (10 Users)
Rightfax 2 - Channel System
Gammalink 2 Channels Board
12/28/01 Yong Joon-Install PDBX Phone System DBS 299702 500.00 -- 179.19
12/28/01 Khern Ngai-PK Computer-Creative Web Camera DBS 299711 178.00 -- 63.79
12/28/01 Khern Ngai-PK Computer-Logitech Web Camera DBS 299711 129.00 -- 46.27
06/30/02 Khern Ngai-Pur Mcafee software Exp cl 11-2 45.85 8.05 1.15
------------------------------------------------
S$ 92,725.99 45.85 38,596.86
================================================
US$ 52,826.00 26.12 21,988.64
================================================
Cost as at Additions Acc. Depn
Date Descriptions Reference as at Jan 01- Dec'02 Jan-03 Jan 01- Dec'02
Software (A/C Code "2250") - 1 year GL - Batch S$ S$ S$
- --------------------------------------------------
07/01/99 CA ARC ServelT 6.6 SQL Agent CD Gl-GJ 1-5 325.02 -- 297.99
07/01/99 Cisco IP Fire Wall Pack Gl-GJ 1-5 566.68 -- 519.42
07/01/99 Call Master VI Gl-GJ 1-5 3,907.20 -- 3,581.60
04/25/00 MS Off '00 Std-Ver Upgrade, OLP-A License Gl-GJ 1-5 831.25 -- 761.97
05/20/00 Ms Office Win Project 2000 Pro Full Gl-GJ 1-5 1,928.67 -- 1,767.92
07/13/00 PC ANYCHERE VER 9.0 HOST & REMOTE Gl-GJ 1-5 146.67 -- 134.42
------------------------------------------------
S$ 7,705.49 -- 7,063.32
================================================
US$ 4,389.82 -- 4,023.97
================================================
Cost as at Additions Acc. Depn
Date Descriptions Reference as at Jan 01- Dec'02 Jan-03 Jan 01- Dec'02
Office Equipment (A/C Code "2300")(6years) GL - Batch S$ S$ S$
- --------------------------------------------------
11/29/01 Pureland Int'l PL-Water dispens DBS 299926
or/Pressure regulator 788.00 -- 142.22
07/22/98 Brother 1270 fax Gl-GJ 1-5 13.88 -- 2.47
07/18/98 Brother PT 320 Label Mach Gl-GJ 1-5 5.00 -- 0.91
09/25/99 Recorder c/w Digital Phone Gl-GJ 1-5 13.93 -- 2.47
09/28/99 Porcelain Enamel Whiteboard Gl-GJ 1-5 38.93 -- 7.02
02/03/99 Variatex Board & letter Gl-GJ 1-5 57.39 -- 10.40
05/08/99 Aluminium Whiteboard Gl-GJ 1-5 86.65 -- 15.60
09/02/00 Standard Whiteboard Gl-GJ 1-5 27.24 -- 4.94
04/15/00 HP 1100 Laserjet Gl-GJ 1-5 387.92 -- 70.07
06/09/00 Plantronice Noise Canceling Supra Gl-GJ 1-5 4,791.67 -- 865.15
Monaural Headset c/w 10" Coil Cord
07/03/00 TEKTRONIX PHASER 360 CLR.PRT Gl-GJ 1-5 1,877.02 -- 338.91
PBX
04/25/00 Lucent Definity ECS G3SI
Release 6 System- Gl-GJ 1-5 22,348.08 -- 4,035.07
INCLUDED CALL MASTER VI PHONESEST 16sets Gl-GJ 1-5
06/29/01 Lucent Definity ECS G3siR6 PABX
System (with Call Centre Package) Gl-GJ 1-5 11,924.44 -- 2,153.06
BCMS Vu
Call Centre Elite Package (up to 25 Agents)
Storage Cabinet for PABX
System & Battery Backup
Call Master VI
Headsets
Analogue Phoneset 9103
Analogue Phoneset 9110
12/5/2001 CT-Mega Discount Store Pte
Ltd-Microven #RG1003067 DBS 103046 90.00 -- 15.00
1/16/2002 PCShow Presentations-LCD Projector DBS 299724 3,950.00 -- 603.46
3/11/2002 KW-Cassette recorder @ 2 DBS 299845 212.00 -- 26.46
------------------------------------------------
S$ 46,612.15 -- 8,293.21
================================================
US$ 26,554.94 -- 4,724.64
================================================
Cost as at Additions Acc. Depn
Date Descriptions Reference as at Jan 01- Dec'02 Jan-03 Jan 01- Dec'02
Furniture & Fittings (A/C Code "2400")(6years) GL - Batch S$ S$ S$
- --------------------------------------------------
08/03/98 3 Seater Half Leather Gl-GJ 1-5 41.70 -- 8.12
09/11/98 LS46 Stand Lamp Gl-GJ 1-5 12.77 -- 2.52
09/22/98 Pigeon Hole Cabinet Gl-GJ 1-5 9.08 -- 1.82
03/01/99 Effektiv table , rail & Short Leg Gl-GJ 1-5 44.21 -- 8.54
05/16/00 Shelf-Plauks Gl-GJ 1-5 36.67 -- 7.14
12/5/2001 CT-Point One Light Shop-Lamp #15351 DBS 103046 100.00 -- 18.07
12/5/2001 CT-Fixed Price-Wall Clock #05880 DBS 103046 49.50 -- 8.97
12/5/2001 CT-Tom & Stephanie-Pictures #0035 DBS 103046 25.80 -- 4.68
12/5/2001 CT-Chuan Seng Garage
Sales-Coffee Table #1126 DBS 103046 15.00 -- 2.73
12/5/2001 CT-Chuan Seng Garage
Sales-Cabinet #1126 DBS 103046 40.00 -- 7.28
12/5/2001 CT-Chuan Seng Garage
Sales-6ft Table #1116 DBS 103046 180.00 -- 32.50
12/5/2001 CT-Allswell Removal & Disposal
Svc-Conference Table #0053 DBS 103046 500.00 -- 90.22
12/5/2001 CT-Allswell Removal & Disposal
Svc-High Back chair #0053 @ 3 DBS 103046 270.00 -- 48.75
12/5/2001 CT-Allswell Removal & Disposal
Svc-Staff chair #0053 @ 50 DBS 103046 2,000.00 -- 361.14
12/5/2001 CT-Allswell Removal & Disposal
Svc-Full Height Cabinet #0053 @ 4 DBS 103046 320.00 -- 57.72
12/5/2001 CT-Allswell Removal & Disposal
Svc-1/2 Height Cabinet #0053 @ 2 DBS 103046 80.00 -- 14.43
12/5/2001 CT-Allswell Removal & Disposal
Svc-5ft table #0053 @ 6 DBS 103046 540.00 -- 97.50
12/5/2001 CT-Allswell Removal & Disposal
Svc-3ft table #0053 @ 40 DBS 103046 1,600.00 -- 288.86
------------------------------------------------
S$ 5,864.72 -- 1,060.99
================================================
US$ 3,341.14 -- 604.45
================================================
------------------------------------------------
GRAND TOTAL S$ 177,844.80 45.85 59,863.14
------------------------------------------------
US$101,318.18 26.12 34,104.03
------------------------------------------------
Schedule G
The inCall Systems Pte Ltd "List of Assets" as per Clause 1.16 of the Share
Purchase Agreement.
Incall Systems Pte Ltd
Fixed Assets Schedule as at 31 Jan 2003
SPLIT TABLE
(CONTINUE)
Depn for Acc. Depn Net Book
Date Descriptions Reference as at Jan-03 Aug Value
Leasehold Improvements (A/C Code "2000") (6 years) GL - Batch S$ S$ S$
- --------------------------------------------------
11/05/01 CT-Allswell Removal & Disposal Svc-3ft
Partition @ 67pcs DBS 103046 37.22 558.30 2,121.70
11/05/01 CT-Chuan Seng Garage Sales-Partition
3ft @ 23pcs DBS 103046 12.78 191.70 728.30
11/05/01 Rimec Constrution RMC/01/0130 238.26 3,573.90 13,580.75
11/16/01 Rimec Constrution RMC/01/0132 58.08 871.20 3,310.60
------------------------------------------------
S$ 346.34 5,195.10 19,741.35
================================================
US$ 197.31 2,959.65 11,246.65
================================================
Depn for Acc. Depn Net Book
Date Descriptions Reference as at Jan-03 Aug Value
Computer (A/C Code "2200")(6years) GL - Batch S$ S$ S$
- --------------------------------------------------
04/25/00 HP Brio D6900 C400 (M4300) Gl-GJ 1-5 157.99 3,317.75 4,265.58
04/25/00 HP Brio C333 Series (D6779A) Gl-GJ 1-5 14.40 302.40 388.85
04/25/00 HP Brio C400 Series (D6779A) Gl-GJ 1-5 57.60 1,209.64 1,555.36
04/25/00 Claris Headset (18 sets @ S$147.50 per set) Gl-GJ 1-5 32.27 677.63 871.12
05/12/00 A220510Z-Dell Dimension L600r Desktop Gl-GJ 1-5 251.57 5,283.01 6,792.55
05/23/00 A420521-Dell Poweredge 2400/600 Server Gl-GJ 1-5 94.35 1,981.37 2,547.57
07/03/00 HP CD-Writer Plus 931OI HP CD-R Media Gl-GJ 1-5 7.68 161.28 207.39
07/07/00 Catalyst 3548 x Enterprise Edition Gl-GJ 1-5 254.86 5,352.06 6,881.27
09.08.00 A420828 - Dell Poweredge 2400/733 server Gl-GJ 1-5 113.70 2,387.70 3,069.94
08/09/00 A720830-Dell (TM) Latitude(TM) CPx J750GT Gl-GJ 1-5 84.98 1,784.60 2,294.57
08/09/00 A720830-Dell (TM) Latitude(TM) CPx J750GT Gl-GJ 1-5 187.04 3,927.82 5,049.96
07/25/00 HP VECTRA VEI8 PIII650,INTEL PENTIUM Gl-GJ 1-5 57.50 1,207.50 1,552.50
07/25/00 UPGRADE 17" HP MONITOR Gl-GJ 1-5 4.17 87.55 112.45
07/11/00 HP D9896A + HP-D8894A Gl-GJ 1-5 385.56 8,096.72 10,409.95
06/29/01 Gl-GJ 1-5 211.31 4,437.51 5,705.40
COMPAQ DeskPro 1000 P5/200MMX
Rack Mount Unit
HP NetServer L H Pro 6/200 (SQL Server)
HP NetServer LD Pro 6/200 (NT PDC)
3-com Dual Speed Hub 500 10/100BT 12-Port
48 Ports Patch Panel
24 Ports Patch Panel
MS Office Pro97
HP Laserjet 6NP
UPS APC SmartUPS 1400 with powerchute
Webramp M3
HP Brio 233 MMX
OEM Pentium II 300 Mhz CPU
OEM Pentium 200 MMX
HP Surestore 81
Prima 25 Binder
Call Accounting Software
Goldmine for Win95 Enterprise Version (10 Users)
Rightfax 2 - Channel System
Gammalink 2 Channels Board
12/28/01 Yong Joon-Install PDBX Phone System DBS 299702 11.46 190.65 309.35
12/28/01 Khern Ngai-PK Computer-Creative Web Camera DBS 299711 4.08 67.87 110.13
12/28/01 Khern Ngai-PK Computer-Logitech Web Camera DBS 299711 2.96 49.23 79.77
06/30/02 Khern Ngai-Pur Mcafee software Exp cl 11-2 9.20 36.65 1.15
------------------------------------------------
S$ 1,934.63 40,531.49 52,240.35
================================================
US$ 1,102.16 23,090.79 29,761.33
================================================
Depn for Acc. Depn Net Book
Date Descriptions Reference as at Jan-03 Aug Value
Software (A/C Code "2250") - 1 year GL - Batch S$ S$ S$
- --------------------------------------------------
07/01/99 CA ARC ServelT 6.6 SQL Agent CD Gl-GJ 1-5 27.09 325.08 (0.06)
07/01/99 Cisco IP Fire Wall Pack Gl-GJ 1-5 47.22 566.64 0.04
07/01/99 Call Master VI Gl-GJ 1-5 325.60 3,907.20 --
04/25/00 MS Off '00 Std-Ver Upgrade, OLP-A License Gl-GJ 1-5 69.27 831.24 0.01
05/20/00 Ms Office Win Project 2000 Pro Full Gl-GJ 1-5 160.72 1,928.64 0.03
07/13/00 PC ANYCHERE VER 9.0 HOST & REMOTE Gl-GJ 1-5 12.22 146.64 0.03
------------------------------------------------
S$ 642.12 7,705.44 0.05
================================================
US$ 365.82 4,389.79 0.03
================================================
Depn for Acc. Depn Net Book
Date Descriptions Reference as at Jan-03 Aug Value
Office Equipment (A/C Code "2300")(6years) GL - Batch S$ S$ S$
- --------------------------------------------------
11/29/01 Pureland Int'l PL-Water dispens DBS 299926 10.94 153.16 634.84
or/Pressure regulator
07/22/98 Brother 1270 fax Gl-GJ 1-5 0.19 2.66 11.22
07/18/98 Brother PT 320 Label Mach Gl-GJ 1-5 0.07 0.98 4.02
09/25/99 Recorder c/w Digital Phone Gl-GJ 1-5 0.19 2.66 11.27
09/28/99 Porcelain Enamel Whiteboard Gl-GJ 1-5 0.54 7.56 31.37
02/03/99 Variatex Board & letter Gl-GJ 1-5 0.80 11.20 46.19
05/08/99 Aluminium Whiteboard Gl-GJ 1-5 1.20 16.80 69.85
09/02/00 Standard Whiteboard Gl-GJ 1-5 0.38 5.32 21.92
04/15/00 HP 1100 Laserjet Gl-GJ 1-5 5.39 75.46 312.46
06/09/00 Plantronice Noise Canceling Supra Gl-GJ 1-5 66.55 931.70 3,859.97
Monaural Headset c/w 10" Coil Cord
07/03/00 TEKTRONIX PHASER 360 CLR.PRT Gl-GJ 1-5 26.07 364.98 1,512.04
PBX
04/25/00 Lucent Definity ECS G3SI
Release 6 System- Gl-GJ 1-5 310.39 4,345.46 18,002.62
INCLUDED CALL MASTER VI PHONESEST 16sets Gl-GJ 1-5
06/29/01 Lucent Definity ECS G3siR6 PABX
System (with Call Centre Package) Gl-GJ 1-5 165.62 2,318.68 9,605.76
BCMS Vu
Call Centre Elite Package (up to 25 Agents)
Storage Cabinet for PABX
System & Battery Backup
Call Master VI
Headsets
Analogue Phoneset 9103
Analogue Phoneset 9110
12/5/2001 CT-Mega Discount Store Pte
Ltd-Microven #RG1003067 DBS 103046 1.25 16.25 73.75
1/16/2002 PCShow Presentations-LCD Projector DBS 299724 54.86 658.32 3,291.68
3/11/2002 KW-Cassette recorder @ 2 DBS 299845 2.94 29.40 182.60
------------------------------------------------
S$ 647.38 8,940.59 37,671.56
================================================
US$ 368.81 5,093.45 21,461.49
================================================
Depn for Acc. Depn Net Book
Date Descriptions Reference as at Jan-03 Aug Value
Furniture & Fittings (A/C Code "2400")(6years) GL - Batch S$ S$ S$
- --------------------------------------------------
08/03/98 3 Seater Half Leather Gl-GJ 1-5 0.58 8.70 33.00
09/11/98 LS46 Stand Lamp Gl-GJ 1-5 0.18 2.70 10.07
09/22/98 Pigeon Hole Cabinet Gl-GJ 1-5 0.13 1.95 7.13
03/01/99 Effektiv table , rail & Short Leg Gl-GJ 1-5 0.61 9.15 35.06
05/16/00 Shelf-Plauks Gl-GJ 1-5 0.51 7.65 29.02
12/5/2001 CT-Point One Light Shop-Lamp #15351 DBS 103046 1.39 19.46 80.54
12/5/2001 CT-Fixed Price-Wall Clock #05880 DBS 103046 0.69 9.66 39.84
12/5/2001 CT-Tom & Stephanie-Pictures #0035 DBS 103046 0.36 5.04 20.76
12/5/2001 CT-Chuan Seng Garage
Sales-Coffee Table #1126 DBS 103046 0.21 2.94 12.06
12/5/2001 CT-Chuan Seng Garage
Sales-Cabinet #1126 DBS 103046 0.56 7.84 32.16
12/5/2001 CT-Chuan Seng Garage
Sales-6ft Table #1116 DBS 103046 2.50 35.00 145.00
12/5/2001 CT-Allswell Removal & Disposal
Svc-Conference Table #0053 DBS 103046 6.94 97.16 402.84
12/5/2001 CT-Allswell Removal & Disposal
Svc-High Back chair #0053 @ 3 DBS 103046 3.75 52.50 217.50
12/5/2001 CT-Allswell Removal & Disposal
Svc-Staff chair #0053 @ 50 DBS 103046 27.78 388.92 1,611.08
12/5/2001 CT-Allswell Removal & Disposal
Svc-Full Height Cabinet #0053 @ 4 DBS 103046 4.44 62.16 257.84
12/5/2001 CT-Allswell Removal & Disposal
Svc-1/2 Height Cabinet #0053 @ 2 DBS 103046 1.11 15.54 64.46
12/5/2001 CT-Allswell Removal & Disposal
Svc-5ft table #0053 @ 6 DBS 103046 7.50 105.00 435.00
12/5/2001 CT-Allswell Removal & Disposal
Svc-3ft table #0053 @ 40 DBS 103046 22.22 311.08 1,288.92
------------------------------------------------
S$ 81.46 1,142.45 4,722.27
================================================
US$ 46.40 650.85 2,690.28
================================================
------------------------------------------------
GRAND TOTAL S$ 3,651.93 63,515.07 114,375.58
------------------------------------------------
US$ 2,080.50 36,184.54 65,159.77
------------------------------------------------
Schedule G
The inCall Systems Pte Ltd "List of Assets" as per Clause 1.16 of the Share
Purchase Agreement.
Incall Systems Pte Ltd
Fixed Assets Schedule as at 31 Jan 2003
SPLIT TABLE
(CONTINUE)
Depn Mths available
Date Descriptions Reference as at per mth for depn
Leasehold Improvements (A/C Code "2000") (6 years) GL - Batch S$
- --------------------------------------------------
11/05/01 CT-Allswell Removal & Disposal Svc-3ft
Partition @ 67pcs DBS 103046 37.22 57
11/05/01 CT-Chuan Seng Garage Sales-Partition
3ft @ 23pcs DBS 103046 12.78 57
11/05/01 Rimec Constrution RMC/01/0130 238.26 57
11/16/01 Rimec Constrution RMC/01/0132 58.08 57
------------------------------------------------
S$ 346.34
================================================
US$ 197.31
================================================
Depn Mths available
Date Descriptions Reference as at per mth for depn
Computer (A/C Code "2200")(6years) GL - Batch S$
- --------------------------------------------------
04/25/00 HP Brio D6900 C400 (M4300) Gl-GJ 1-5 157.99 27
04/25/00 HP Brio C333 Series (D6779A) Gl-GJ 1-5 14.40 27
04/25/00 HP Brio C400 Series (D6779A) Gl-GJ 1-5 57.60 27
04/25/00 Claris Headset (18 sets @ S$147.50 per set) Gl-GJ 1-5 32.27 27
05/12/00 A220510Z-Dell Dimension L600r Desktop Gl-GJ 1-5 251.57 27
05/23/00 A420521-Dell Poweredge 2400/600 Server Gl-GJ 1-5 94.35 27
07/03/00 HP CD-Writer Plus 931OI HP CD-R Media Gl-GJ 1-5 7.68 27
07/07/00 Catalyst 3548 x Enterprise Edition Gl-GJ 1-5 254.86 27
09.08.00 A420828 - Dell Poweredge 2400/733 server Gl-GJ 1-5 113.70 27
08/09/00 A720830-Dell (TM) Latitude(TM) CPx J750GT Gl-GJ 1-5 84.98 27
08/09/00 A720830-Dell (TM) Latitude(TM) CPx J750GT Gl-GJ 1-5 187.04 27
07/25/00 HP VECTRA VEI8 PIII650,INTEL PENTIUM Gl-GJ 1-5 57.50 27
07/25/00 UPGRADE 17" HP MONITOR Gl-GJ 1-5 4.17 27
07/11/00 HP D9896A + HP-D8894A Gl-GJ 1-5 385.56 27
06/29/01 Gl-GJ 1-5 211.31 27
COMPAQ DeskPro 1000 P5/200MMX
Rack Mount Unit
HP NetServer L H Pro 6/200 (SQL Server)
HP NetServer LD Pro 6/200 (NT PDC)
3-com Dual Speed Hub 500 10/100BT 12-Port
48 Ports Patch Panel
24 Ports Patch Panel
MS Office Pro97
HP Laserjet 6NP
UPS APC SmartUPS 1400 with powerchute
Webramp M3
HP Brio 233 MMX
OEM Pentium II 300 Mhz CPU
OEM Pentium 200 MMX
HP Surestore 81
Prima 25 Binder
Call Accounting Software
Goldmine for Win95 Enterprise Version (10 Users)
Rightfax 2 - Channel System
Gammalink 2 Channels Board
12/28/01 Yong Joon-Install PDBX Phone System DBS 299702 11.46 27
12/28/01 Khern Ngai-PK Computer-Creative Web Camera DBS 299711 4.08 27
12/28/01 Khern Ngai-PK Computer-Logitech Web Camera DBS 299711 2.96 27
06/30/02 Khern Ngai-Pur Mcafee software Exp cl 11-2 1.15 32
------------------------------------------------
S$ 1,934.63
================================================
US$ 1,102.16
================================================
Depn Mths available
Date Descriptions Reference as at per mth for depn
Software (A/C Code "2250") - 1 year GL - Batch S$
- --------------------------------------------------
07/01/99 CA ARC ServelT 6.6 SQL Agent CD Gl-GJ 1-5 27.09 (0)
07/01/99 Cisco IP Fire Wall Pack Gl-GJ 1-5 47.22 0
07/01/99 Call Master VI Gl-GJ 1-5 325.60 0
04/25/00 MS Off '00 Std-Ver Upgrade, OLP-A License Gl-GJ 1-5 69.27 0
05/20/00 Ms Office Win Project 2000 Pro Full Gl-GJ 1-5 160.72 0
07/13/00 PC ANYCHERE VER 9.0 HOST & REMOTE Gl-GJ 1-5 12.22 0
------------------------------------------------
S$ 642.12
================================================
US$ 365.82
================================================
Date Descriptions Reference as at Depn Mths available
Office Equipment (A/C Code "2300")(6years) GL - Batch per mth for depn
- -------------------------------------------------- S$
11/29/01 Pureland Int'l PL-Water
dispensor/Pressure regulator DBS 299926 10.94 58
07/22/98 Brother 1270 fax Gl-GJ 1-5 0.19 58
07/18/98 Brother PT 320 Label Mach Gl-GJ 1-5 0.07 58
09/25/99 Recorder c/w Digital Phone Gl-GJ 1-5 0.19 58
09/28/99 Porcelain Enamel Whiteboard Gl-GJ 1-5 0.54 58
02/03/99 Variatex Board & letter Gl-GJ 1-5 0.80 58
05/08/99 Aluminium Whiteboard Gl-GJ 1-5 1.20 58
09/02/00 Standard Whiteboard Gl-GJ 1-5 0.38 58
04/15/00 HP 1100 Laserjet Gl-GJ 1-5 5.39 58
06/09/00 Plantronice Noise Canceling Supra Gl-GJ 1-5 66.55 58
Monaural Headset c/w 10" Coil Cord
07/03/00 TEKTRONIX PHASER 360 CLR.PRT Gl-GJ 1-5 26.07 58
PBX
04/25/00 Lucent Definity ECS G3SI
Release 6 System- Gl-GJ 1-5 310.39 58
INCLUDED CALL MASTER VI PHONESEST 16sets Gl-GJ 1-5
06/29/01 Lucent Definity ECS G3siR6 PABX
System (with Call Centre Package) Gl-GJ 1-5 165.62 58
BCMS Vu
Call Centre Elite Package (up to 25 Agents)
Storage Cabinet for PABX
System & Battery Backup
Call Master VI
Headsets
Analogue Phoneset 9103
Analogue Phoneset 9110
12/5/2001 CT-Mega Discount Store Pte
Ltd-Microven #RG1003067 DBS 103046 1.25 59
1/16/2002 PCShow Presentations-LCD Projector DBS 299724 54.86 60
3/11/2002 KW-Cassette recorder @ 2 DBS 299845 2.94 62
------------------------------------------------
S$ 647.38
================================================
US$ 368.81
================================================
Date Descriptions Reference as at Depn Mths available
Furniture & Fittings (A/C Code "2400")(6years) GL - Batch per mth for depn
- -------------------------------------------------- S$
08/03/98 3 Seater Half Leather Gl-GJ 1-5 0.58 57
09/11/98 LS46 Stand Lamp Gl-GJ 1-5 0.18 57
09/22/98 Pigeon Hole Cabinet Gl-GJ 1-5 0.13 57
03/01/99 Effektiv table , rail & Short Leg Gl-GJ 1-5 0.61 57
05/16/00 Shelf-Plauks Gl-GJ 1-5 0.51 57
12/5/2001 CT-Point One Light Shop-Lamp #15351 DBS 103046 1.39 58
12/5/2001 CT-Fixed Price-Wall Clock #05880 DBS 103046 0.69 58
12/5/2001 CT-Tom & Stephanie-Pictures #0035 DBS 103046 0.36 58
12/5/2001 CT-Chuan Seng Garage
Sales-Coffee Table #1126 DBS 103046 0.21 58
12/5/2001 CT-Chuan Seng Garage
Sales-Cabinet #1126 DBS 103046 0.56 58
12/5/2001 CT-Chuan Seng Garage
Sales-6ft Table #1116 DBS 103046 2.50 58
12/5/2001 CT-Allswell Removal & Disposal
Svc-Conference Table #0053 DBS 103046 6.94 58
12/5/2001 CT-Allswell Removal & Disposal
Svc-High Back chair #0053 @ 3 DBS 103046 3.75 58
12/5/2001 CT-Allswell Removal & Disposal
Svc-Staff chair #0053 @ 50 DBS 103046 27.78 58
12/5/2001 CT-Allswell Removal & Disposal
Svc-Full Height Cabinet #0053 @ 4 DBS 103046 4.44 58
12/5/2001 CT-Allswell Removal & Disposal
Svc-1/2 Height Cabinet #0053 @ 2 DBS 103046 1.11 58
12/5/2001 CT-Allswell Removal & Disposal
Svc-5ft table #0053 @ 6 DBS 103046 7.50 58
12/5/2001 CT-Allswell Removal & Disposal
Svc-3ft table #0053 @ 40 DBS 103046 22.22 58
------------------------------------------------
S$ 81.46
================================================
US$ 46.40
================================================
------------------------------------------------
GRAND TOTAL S$ 3,651.93
------------------------------------------------
US$ 2,080.50
------------------------------------------------
*US Dollar Conversions are based on 07/11/2003 Bank of Canada "nominal rates,"
which are neither buying nor selling rates. Rates available from financial
institutions will likely differ.