Reach Internet Services Pte Ltd of 80 Raffles Place 33-01 UOB Plaza
1, Singapore ("Assignor"); and
Pacific Internet Limited of 89 Science Park Drive, #02-05/06 The
Rutherford, Singapore 118261 ("Assignee")
(hereinafter, each of the Assignor and the Assignee
shall be individually referred to as a "Party" and collectively referred to
as the "Parties").
By a sale and purchase of business agreement dated 11 November 2002 and
made between the parties hereto (the "Sale of Business Agreement"),
it was agreed, inter alia, that the Assignor shall transfer the Business
Assets (as defined in the Sale of Business Agreement) to the Assignee on terms
and conditions as stated in the Sale of Business Agreement.
This Deed is made pursuant to the Sale of Business Agreement.
NOW IT IS HEREBY AGREED AS FOLLOWS:
Pursuant to the Sale of Business Agreement, the Assignor as legal and beneficial
owner assigns to the Assignee absolutely all its rights title and interest
in all the Business Assets with effect from the date of signing of the Sale
of Business Agreement.
Unless the context otherwise requires, any term used in this Deed which
is defined in the Sale of Business Agreement and is not specifically defined
in this Deed shall have the meaning attributed to it in the Sale of Business
This Deed shall be binding on and shall enure for the benefit of each Party's
successors and assigns and personal representatives (as the case may be).
This Deed shall not be altered, changed or supplemented unless the same
is made in writing and signed by the Parties hereto.
This Deed shall be governed by and construed in accordance with the laws
of the Republic of Singapore and the Parties agree to submit to the non-exclusive
jurisdiction of the courts of the Republic of Singapore.
IN WITNESS WHEREOF this Deed has been executed
as a Deed on the day and year first abovewritten.