0001104659-04-017299 Sample Contracts

SCL VENTURES, LTD. REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • June 18th, 2004 • Laser Recording Systems Inc • Services-computer integrated systems design • New York

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of June 1, 2004 by and between SCL Ventures, Ltd., a company organized under the laws of the British Virgin Islands (the “Company”), the Tier I Shareholders (as defined below) listed on Schedule I hereto, the Tier II Shareholders (as defined below) listed on Schedule II hereto and the Tier III Shareholders (as defined below) listed on Schedule III hereto. The Tier I Shareholders, the Tier II Shareholders and the Tier III Shareholders are collectively referred to as the “Shareholders.”

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EMPLOYMENT AGREEMENT
Employment Agreement • June 18th, 2004 • Laser Recording Systems Inc • Services-computer integrated systems design • Delaware

EMPLOYMENT AGREEMENT effective as of April 1, 2004 (the “Commencement Date”) by and between SCL Ventures, Ltd. (the “Company”) and Mitchell J. Sepaniak (the “Executive”) (this “Agreement”).

SECOND AMENDMENT TO SHARE EXCHANGE AGREEMENT
Share Exchange Agreement • June 18th, 2004 • Laser Recording Systems Inc • Services-computer integrated systems design

SECOND AMENDMENT TO SHARE EXCHANGE AGREEMENT (this “Amendment”), dated as of March 31, 2004, by and among SCL VENTURES, LTD., a British Virgin Islands company having an address at 515 East Olas Boulevard, Suite 1350, Fort Lauderdale, FL 33301 (“SCL”), LASER RECORDING SYSTEMS, INC., a New Jersey corporation having an address at 1395 New York Avenue, Huntington Station, NY 11746 (“Laser” or the “Company”), certain shareholders of SCL signatory hereto (“SCL Signatory Shareholders”), and certain shareholders of Laser signatory hereto (the “Laser Signatory Shareholders”).

SHARE LOCK-UP AND ESCROW AGREEMENT
Share Lock-Up and Escrow Agreement • June 18th, 2004 • Laser Recording Systems Inc • Services-computer integrated systems design • New York

THIS SHARE LOCK-UP AND ESCROW AGREEMENT (this “Agreement”) is made and entered into as of the 16th day of April 2004 by and among Raice Paykin & Krieg LLP (the “Escrow Agent”), Laser Recording Systems Inc., a New Jersey corporation (“Laser”), SCL Ventures Ltd., a British Virgin Islands company (“SCL”), certain shareholders of Laser signatory hereto (the “Laser Signatory Shareholders”), A. Giordano Family Limited Partnership (the “Family Partnership”) having various partners including Anthony Giordano, EPG Limited, a limited liability company organized under the laws of the British Virgin Islands (“EPG”) having various members including Anthony Giordano, and Anthony Giordano (“Mr. Giordano” and together with Family Partnership and EPG, the “SCL Investors”).

EMPLOYMENT AGREEMENT
Employment Agreement • June 18th, 2004 • Laser Recording Systems Inc • Services-computer integrated systems design • Delaware

EMPLOYMENT AGREEMENT effective as of April 1, 2004 (the “Commencement Date”) by and between SCL Ventures, Ltd. (the “Company”) and Amanda Harmon (the “Executive”) (this “Agreement”).

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