DATED the 9th day of July, 2001











                             (1) QUAD EUROPE LIMITED



                         (2) TYCO ELECTRONICS UK LIMITED











                -------------------------------------------------



                           SALE AND PURCHASE AGREEMENT



                 for the purchase by Tyco Electronics UK Ltd of



                   the business and assets of Quad Europe Ltd



               --------------------------------------------------















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                                      INDEX



                               TABLE OF CONTENTS



1.   DEFINITIONS..................................................... 1



2    AGREEMENT FOR SALE.............................................. 6



3    EXCLUDED ASSETS................................................. 8



4    VALUE ADDED TAX................................................. 8



5    PURCHASE PRICE.................................................. 9



6    COMPLETION..................................................... 10



7    POST COMPLETION OBLIGATIONS.................................... 11



8    BOOK DEBTS..................................................... 11



9    EMPLOYEES...................................................... 12



10   RISK AND TITLE................................................. 13



11   APPORTIONMENTS................................................. 14



12   MUTUAL INDEMNITIES............................................. 14



13   FURTHER ASSURANCE.............................................. 15



15   COMPETITION.................................................... 18



16   POST COMPLETION ENFORCEABILITY................................. 19



17   NON-ASSIGNABILITY.............................................. 19



18   NOTICES........................................................ 19



19   ENTIRE AGREEMENT............................................... 19



20   INVALIDITY..................................................... 19



21   WAIVER......................................................... 19



22   ANNOUNCEMENTS.................................................. 20



23   SET OFF........................................................ 20



24   CONDUCT OF BUSINESS IN THE INTERIM PERIOD...................... 19



25   CONDITION PRECEDENT............................................ 20



26   GOVERNING LAW.................................................. 23



SCHEDULE 1  EMPLOYEES............................................... 24



SCHEDULE 2  WARRANTIES...............................................27



SCHEDULE 3  EXCLUDED ASSETS



SCHEDULE 4 THE CONTRACTS







<PAGE>





THIS AGREEMENT is made on the 9th day of July, 2001



BETWEEN:-



(1)   QUAD  EUROPE  LIMITED,  a company  incorporated  in  England  with

      registered  No.  2405486 whose  registered  office is at 78 Hatton

      Garden, London EC1N 8JA ("the Seller"); and



(2)   TYCO ELECTRONICS UK LIMITED, a company incorporated in England with

      registered No 550926 whose registered office is at 19/21 Denmark Street,

      Wokingham, Berkshire RG40 2QE ("the Buyer").



BACKGROUND:



The Seller carries on the Business (as defined below) and has agreed to sell the

Assets (as defined below) to the Buyer with a view to the Buyer carrying on the

Business as a going concern in succession to the Seller on the terms of this

Agreement.



IT IS HEREBY AGREED as follows:



1.    DEFINITIONS



1.1.  In this Agreement (which terms shall include the Schedules), the

      expressions set out below shall, unless the context otherwise requires,

      have the respective meanings given in this Clause:



"the Accounts" means the unaudited management accounts of the Seller in respect

of the Business comprising of a balance sheet as at, and a profit and loss

account for the 5 month period ended on, the Accounts Date;



"the Accounts Date" means 28 February 2001;



"agreed form" means in a form agreed between the respective parties as at the

date hereof and initialled by or on behalf of them for identification purposes;



"Associate"  means  in  connection  to  either  party,  all its  related

companies;



"the Assets" means the assets agreed to be sold pursuant to Clause 2;



"the Book Debts" means the book debts and other amounts owing to the Seller as

at the Completion Date (whether then due and payable or not) appearing in the

books of account of the Seller together with all retention of title rights (if

any) of the Seller in relation thereto and including amounts due from HM Customs

and Excise in relation to VAT bad debt relief and unrecovered VAT paid by the

Seller;



"the Business" means the entire business of surface mount technology and

advanced packaging assembly solutions and reflow oven business as carried on by

the Seller from the Property;



"Buyer's  Accountants"  means  Messrs  PricewaterhouseCoopers  of Abacus

Court, Minshull Street, Manchester M1 3ED;







                                      1



<PAGE>



"Claims" means all and any actions, awards, losses, damages, proceedings, costs

charges, demands, claims, expenses and liabilities and shall include, without

limitation, any compensation payments and interest properly incurred on any of

the foregoing;



"Completion" means completion of the sale and purchase of the Business and the

Assets in accordance with the terms of this Agreement;



"Completion Date" means the close of business on the date on which the North

American Agreement is completed in accordance with its terms;



"Computer Data" means all databases, computer files, records (in whatever medium

stored) and history relating to the Customer Agreements to allow the Buyer to

discharge its future obligations under the Customer Agreements and take the

benefit of those agreements;

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