Definition of Pre-Closing NPAT

Pre-Closing NPAT means one-half (1/2) of the consolidated net profit after tax (assuming a 15% tax rate) of the Company from its operations during the period commencing on January 1, 2007 and ending on December 31, 2007 as reflected in the consolidated income statement and statement of cash flows for the Company covering the period from January 1, 2007 to December 31, 2007 and a consolidated balance sheet as of December 31, 2007, each audited and certified by an independent Big Four Accounting Firm selected by the Company, all prepared in accordance with US GAAP.