Debt Settlement Agreement
THIS DEBT SETTLEMENT AGREEMENT is dated effective the 12th day of December, 2001.
BETWEEN: LMC CAPITAL CORP., a body corporate, duly incorporated pursuant to the laws of the State of
Nevada, and having offices at Suite 2602 - 1111 Beach Ave., Vancouver, BC V6E 1T9
AND: ETIFF HOLDINGS, INC., a body corporate, duly incorporated pursuant to the laws of the State of
Delaware and having its offices at 8025 Excelsior Drive, Suite 200 Madison, Wisconsin 53717
AND: K-TRONIK INT'L CORP., a body corporate, duly incorporated pursuant to the laws of the State of
California and having its offices at 290 Vincent Avenue 3rd Floor, Hackensack NJ 07601
AND: EIGER TECHNOLOGIES INC., a body corporate, duly incorporated pursuant to the laws of the
Province of British Columbia and having its offices at 330 Bay Street, Toronto, Ontario M5H 2S8
A. The COMPANY, K-TRONIK, EIGER and ETIFF (a wholly owned subsidiary of EIGER) have agreed,
pursuant to a share purchase agreement dated effective November 29, 2001 (the "K- Tronik Agreement"), that
the Company and ETIFF are to engage in a reverse acquisition of the Company by ETIFF which results in
ETIFF holding a majority of the issued and outstanding shares of LMC and which will also result in the Company
holding all of the issued and outstanding shares of K-Tronik.
B. ETIFF is owed the sum of $4,071,000 by K-Tronik (the "Debt") which sum includes principal and interest
accruing to date.
C. Pursuant to the K-Tronik Agreement, the Company has agreed on Closing to settle the Debt of K-Tronik,
which is to be its subsidiary, and to issue to ETIFF, in full and final satisfaction of the Debt, 4,071,000 shares of
its common stock (the "Shares"). ETIFF has agreed to accept the Shares in full and final satisfaction of the Debt.
NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the sum of $10.00 paid by
the Company to the Creditor, the receipt and sufficie