SETTLEMENT AGREEMENT
BETWEEN:
1. Elite World S.A., a company registered under the laws of Luxembourg, hav-
ing its address at 28, Boulevard d'Avranches1,-1160 Luxembourg,
Luxembourg (hereinafter: "Elite ... four copies:
Cristian D'Ippolito Paul Johnston
For and on behalf of Elite World S.A.,
Imad Izermane Frank Butselaar Date
For and on behalf of ModelM asters The Agency