EXHIBIT 1
AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities and Exchange Act of
1934, as amended, the undersigned hereby agree that only one statement
containing the information required by Schedule 13D need be filed with respect
to the ownership by each of the undersigned of the shares of Common Stock of
Perle Systems Limited.
Dated November 5, 2003.
ROYAL CAPITAL MANAGEMENT INC.
By: /s/ Xxxxxxx Xxxxx
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Xxxxxxx Xxxxx, President and Chief
Executive Officer
/s/ Xxxx Shoom
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Xxxx Shoom
