**Letter      of Intent**

**Signed      in Montreal, Canada, on May 16, 2005-08-22**

**By      and Between:**

**9151-4877      Quebec Inc**

**And**

**United      American Corporation**

**And**

**Lukas      Dufault**

**And**

**Nicole      Ranger**

**Henceforth      referred to as “the parties”**

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**Whereas**

**Whereas**

**Whereas**

**Whereas**

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**Whereas**

**Whereas**

**Whereas      **

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**In      consideration of all that precedes, the parties agree to the      following:**

| 1.   | A                new company (hereby referred to as NewCo) should be constituted in                Canada |
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| 2.   | The                totality of the shares of NewCo shall be held in the following                way: |
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| a.   | 75%                held by UAC |
|----------------|--------------------------------|

| b.   | 25%                held by Lukas Dufault of a holding company wholly owned by                him |
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| 3.   | 9151-4877                Quebec Inc. will transfer all of its client base to                NewCo |
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| 4.   | 915104877                Quebec Inc. will transfer the following supplier contracts to                NewCo: |
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| a.   | Agreement                to resell high speed cable internet services of Videotron Ltd (for                the                intent to utilize it for VoIP                services) |
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| b.   | Agreements                to resell telecommunications lines, PRI’s, DSL, long distance and toll                free services from Charitel Inc. |
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| c.   | Agreement                to resell DSL services from                Inter.net |
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| d.   | Agreement                to resell VoIP telecommunications services from Teliphone                Inc. |
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| e.   | Agreement                to resell commercial services from                Cogeco |
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| f.   | All                other previously signed agreements by 9151-4877 Quebec Inc. and which                are                presently being utilized by them |
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| 5.   | 9151-4877                Quebec inc. will transfer to NewCo its following resseller                agreements: |
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| a.   | The                agreement of resale by the association of owners of                Quebec |
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| b.   | The                agreement of partnership which is currently being concluded with                the                association of restaurateurs of                Quebec |
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| c.   | The                agreement of resale with DBB                Informatique |
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| d.   | The                agreement of resale with Sirius                Informatique |
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| e.   | The                agreement of resale with Mayrand                Telecom |
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| f.   | The                agreement of resale with Communication Nelson                Bilodeau |
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| g.   | The                agreement of resale with Stephane                Desbiens |
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| h.   | The                agreement of resale with Charitel                Inc. |
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| i.   | The                agreement of resale with InfoFortin |
|----------------|--------------------------------------------------------|

| j.   | All                other agreements previously signed by NCTel and/or 9151-4877 Quebec                Inc.                which are presently being utilized by                them |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 6.   | 9151-4788                Quebec inc. will transfer to NewCo the following                assets: |
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| a.   | 18                Wireless IP telephones |
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| b.   | 35                Sipura single line devices |
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| c.   | 10                Sipura 2 line devices |
|----------------|-----------------------------------------|

| d.   | 3                Asus mini access wi-fi access                points |
|----------------|----------------------------------------------------------------------|

| e.   | 2                ADSL router/modems |
|----------------|-------------------------------------|

| f.   | The                total of its short term assets, ie. Its cash and accounts                receivable |
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| 7.   | 9151-4877                Quebec Inc. will conserve its banking operations until the complete                transfer of items listed in section 6 above to NewCo. All amounts                received                on behalf of NewCo will likewise be transferred Newco. NewCo will                assume                all banking fees. NewCo will also utilize for the same period the                merchant                ID numbers for 9151-4877 Quebec                Inc. |
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| 8.   | UAC                will inject the funds and resources necessary for the operation of                NewCo                including but not limited to the following: a customer service department,                a billing system, administration and accounting, service provisioning,                collections services as well as a technical support                department. |
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| 9.   | UAC                will inject the funds necessary in order for NewCo to bring up to                date its                accounts payables to all suppliers listed in item 4                above. |
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| 10.   | 9151-4877                Quebec Inc. will transfer its entire accounts receivables to                NewCo. |
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| 11.   | In                addition to the items set forth previously, UAC will pay 9151-4788                Quebec                Inc. the amount of Cdn$55,000 in the form of 12 equal monthly                disbursements. This entire sum will be transferred to Nicole Ranger.                She                will therefore perform the                following: |
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| a.   | Transfer                the total amount of her shares of 9151-4788 Quebec Inc. to                UAC |
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| b.   | To                retain all references to this agreement, to 9151-4788 Quebec Inc.                and                NewCo, its suppliers, clients, and all other technical and commercial                information as being of a confidential                nature. |
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| c.   | For                a period of 3 years, from the point of signature of this agreement                for any                reason whatsoever, be it justified or not, to not, directly or indirectly,                personally or through a third party, that this third party is an                individual, of a corporation, solicit one or more clients, suppliers                and/or partners of 9151-4788 Quebec Inc. and/or NewCo, that she may                know                of due to her implication in 9151-4788 Quebec Inc. or her personal                contacts that she had with 9151-4788 Quebec Inc. or within the framework                of her role within it. |
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| d.   | To                provide total, complete and final control of 9151-4877 Quebec Inc.                to                Lukas Dufault, UAC and Newco, all rights to its assets, rights and                agreements. |
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| 12.   | The                entire operations of NewCo will be transferred to 1080 Beaver Hall                in                Montreal |
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| 13.   | Within                5 days of signing this agreement, Lukas Dufault will provide a personal                guarantee against all recourses that could occur on behalf of the                old                employer, shareholder, administrator, client or supplier (other than                those                mentioned in paragraph 4 of this agreement) or any claims against                its                assets being transferred to NewCo. In addition, this declaration                will                confirm the amounts of accounts receivable and payable being transferred,                of actual invoice able revenues and its resulting gross                profits. |
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| 14.   | Lukas                Dufault will be named President and Chief Executive Officer of NewCo                for a                minimal 5 year term from the date of incorporation of                NewCo. |
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| 15.   | UAC                will name an additional administrator of its choice to the Board                of                Directors of NewCo prior to the closure of the                transaction. |
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| 16.   | Lukas                Dufault and one other person will be named as the 2 signatories of                NewCo                and 2 signatures will be required for all banking matters and resolutions                of NewCo. |
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| 17.   | Lukas                Dufault will be responsible for New Business Development , relations                with                suppliers as well as the management and training of NewCo’s                resellers. |
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| 18.   | Lukas                Dufault will be remunerated by NewCo in the following                way: |
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| a.   | A                base salary of Cdn$60,000 per year, payable                bi-weekly |
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| b.   | A                bonus of 40% of the gross margin of NewCo which surpasses the first                Cdn$7,500 of gross margin per month. (Gross margin is calculated                the                following way: Total sales of NewCo minus (-) total purchases of                goods and                services re-sold and all other costs associated with the delivery                of the                products and services sold) |
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| c.   | The                cost of leasing a vehicle for Lukas Dufault will be assumed by NewCo                to a                maximum of Cdn$400 per month before                tax. |
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| d.   | The                costs related to the use of the vehicle (insurance, registration,                fuel and                maintenance related to business use) will be assumed by                NewCo. |
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| e.   | Share                options of the public corporation, to be determined between parties                upon                signing of the final contract |
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| 19.   | All                parking fees for Lukas Dufault’s vehicle will be paid for by                NewCo. |
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| 20.   | The                date predicted for the start of the rights and obligations of this                contract is May 17, 2005. |
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| 21.   | NewCo                and its administrators will decide what they will do with the offices                space belonging to them situated at 6 Wellington South street, suite                302,                in Sherbrooke Quebec, as soon as                possible. |
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