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Our Ref: JF/MJB/ADR/26075CF

18 February 2008
Mr I Anwar
Beaconhouse Educational Services Limited
5 Kensington High Street
LONDON
W8 5NP
Dear Imraan
ACQUISITION SEARCH ENGAGEMENT LETTER
Further to our recent meeting, I enclose my firms engagement letter reflecting the terms of the
acquisition search assignment that we discussed. I would be grateful if you could review the
engagement letter, arrange for both copies to be signed on behalf of the Company and then
return one copy to me.
Once I have received the signed engagement letter back from you, I will send you a suggested
scope of due diligence work and a pricing matrix and then contact you to arrange an initial
meeting to share information, as discussed.
Kind regards.
Yours sincerely

John Foundling
Partner
e-mail: john.foundling@morleyandscott.co.uk

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