EX-10.5 3 y53651a4ex10-5.txt AGREEMENT DATED FEBRUARY 21, 2002 EXHIBIT 10.5 This agreement is dated 21st Feb 2002 BETWEEN The Vendors John Joseph Carroll and Elizabeth Ann Carroll of The Coach House Wren Court Bridingbury Nr Rugby CV23 8EW and Derek Andrew Carroll and Suzette Carroll of Stonewood Cottage Draycotte Rugby Warwickshire CV23 9RB The Purchaser Warminster Systems Limited of 55-57 Woodcock Trading Estate Warminster Wiltshire BA12 9DX WHEREAS the parties entered into an agreement for the sale of the Vendors' shares in Automative Information Control Systems (UK) Limited (the Company) on 28 June 2001 and the vendors agreed to accept in payment of their shares in the Company 76924 shares in Auto-Q International Inc (Auto-Q) NOW IT IS HEREBY agreed that the completion of the acquisition of the shares held by the Vendors in the Company is contingent on the listing of the common shares of Auto-Q on the OTC Bulletin Board of Nasdaq Signed by the said Elizabeth Ann Carroll) /s/ E. A. Carroll in the presence of:- ) /s/ [SIGNATURE ILLEGIBLE] Signed by the said Suzette Carroll ) /s/ S. Carroll in the presence of:- ) /s/ [SIGNATURE ILLEGIBLE] Signed by the said Derek Andrew Carroll ) /s/ D. A. Carroll in the presence of:- ) /s/ [SIGNATURE ILLEGIBLE] Signed by the said John Joseph Carroll ) /s/ J. J. Carroll in the presence of:- ) /s/ [SIGNATURE ILLEGIBLE]