--_007_YQXPR01MB24881B4418CE99771AF7C889AECD0YQXPR01MB2488CANP_ Content-Type: multipart/related; boundary="_006_YQXPR01MB24881B4418CE99771AF7C889AECD0YQXPR01MB2488CANP_"; type="multipart/alternative" --_006_YQXPR01MB24881B4418CE99771AF7C889AECD0YQXPR01MB2488CANP_ Content-Type: multipart/alternative; boundary="_000_YQXPR01MB24881B4418CE99771AF7C889AECD0YQXPR01MB2488CANP_" --_000_YQXPR01MB24881B4418CE99771AF7C889AECD0YQXPR01MB2488CANP_ Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Dear Tim and Timothy, Attached is the clean and compared revised share purchase agreement, modifi= ed as per our discussions. As discussed, I have provided for a further adjustment for post closing bal= ance sheet refunds and other receipts, received by the Company within 9 mon= ths of the date of confirmation of the closing adjustments (Section 3.7). Given that there is a contemplated assignment by the Company to the Buyer o= f the franchise agreements, it would seem that the intent of the purchaser = is to cease operations of the Company and to continue such operations in th= e Buyer entity. This has ramifications both in terms of the continuance of= operations of the ordinary course for the purposes of establishing the ave= rage weekly revenue for the 6 months post-closing as well as your respectiv= e employment with the successor entity. It is not clear why it seems that the intent is for the Company to cease ca= rrying on its activities, and you need to verify with the purchaser group i= ts intent in terms of the manner in which future operations are to be condu= cted, as well as whether there is a possibility that this enterprise will b= e owned or operated by a third party in the near future. Yours truly, Michael Gaon Associ=E9 / Partner 514-878-2861 ext. 115 mgaon@kklex.com [kkemail] ______________________________ Kugler Kandestin S.E.N.C.R.L. / LLP Avocats * Lawyers 1, Place Ville-Marie, Suite 1170 Montr=E9al, QC H3B 2A7 Canada T=E9l. : 514-878-2861 Fax : 514-875-8424 www.kklex.com Ce courriel est confidentiel, peut =EAtre prot=E9g=E9 par le secret profess= ionnel et est =E0 l'usage exclusif de son destinataire. Toute autre personn= e est par les pr=E9sentes avis=E9e qu'il lui est strictement interdit de le= diffuser ou de le reproduire. Si le destinataire ne peut =EAtre joint ou v= ous est inconnu, veuillez informer l'exp=E9diteur par courriel imm=E9diatem= ent et d=E9truire ce message et toute copie de celui-ci. This e-mail message is confidential, may be privileged and is intended for = the exclusive use of the addressee. Any other person is strictly prohibited= from disclosing or reproducing it. If the addressee cannot be reached or i= s unknown to you, please inform the sender by return e-mail immediately and= delete this e-mail message and destroy all copies. --_000_YQXPR01MB24881B4418CE99771AF7C889AECD0YQXPR01MB2488CANP_ Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable v\