"Agreement made this 15th day of October 1997 by and between the bankruptcy of the estate of Mr. Lauri Antero Holmaranta hereinafter referred to as the bankruptcy estate and Mr. Karl E. Lindroos herein referred to as Lindroos, witness: Whereas Mr. Lauri Antero Holmaranta has been declared bankrupt on the 5th June 1996 with a judgement which has gained legal force and binding, and Whereas attorneys at law Mr. Heikki Leisvuori and Mr. Tero Lahti have been appointed as trustees in the bankruptcy of Mr. Lauri Antero Holmaranta, and Whereas Mr. Holmaranta claims to an interest in the shares in Regatta Trading Limited in action before the High Court of Justice of the Isle of Man, and Whereas Mr. Karl E. Lindroos also has interest in the shares in Regatta Trading Limited. Now therefore in consideration of the premises it is hereby mutually agreed as follows:-

1. Mr. Karl E. Lindroos shall pay to the trustees in bankruptcy of the estate of Mr. Holmaranta the sum of 10,000 USD

2. The trustees in this bankruptcy as the representatives of Mr. Holmaranta's rights and on behalf of himself announce after their good and valuable consideration to His Honour Deemster Corrin that they have no claim to an interest in the shares in Regatta Trading in relation to the action before the High Court of Justice of the Isle of Man.

3. The trustees in bankruptcy estate of Mr. Holmaranta shall inform His Honour Deemster Corrin that they will be satisfied with any such judgement whatsoever, except that the bankruptcy shall be free now and forever from any proceeding costs at any event.

In witness whereof the parties hereto have executed this agreement the day and year first above written."

Signed by both trustees in bankruptcy and witnessed and signed by Mr. Lindroos by his proxy Jorma Lindstrom.

I refer back for a moment to Professor Majamaa's Opinion when he said that a debtor can retain the right to proceed in his own name if he provides the bankrupt's estate with collateral security.