**SECURITIES      PURCHASE AGREEMENT**

ECURITIES      PURCHASE AGREEMENT effective as of the Closing of the purchase of Shares      provided for herein, between **VERSADIAL,      INC.**(a      Nevada      corporation, referred to herein as the "Company"), and the purchasers identified      on the signature pages hereto (each, a “**Purchaser**”and      collectively, the “**Purchasers**”).

**WHEREAS**
**Securities      Act**
**Per      Unit Purchase Price**

**NOW,      THEREFORE**

| 1. | **PURCHASE                  PRICE; CLOSINGS; ISSUANCE**. |
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|  | 1.1. | Unit                Purchase.                In reliance on the representations and warranties contained herein                and                subject to the terms and conditions hereof, the Company shall issue                and                sell to each Purchaser, and each Purchaser shall, severally and not                jointly, purchase from the Company, such number of Units indicated                below                such Purchaser’s name on the signature page of this Agreement at the Per                Unit Purchase Price. Each Unit represents the purchase of one share                of                Common Stock and an appurtenant Warrant with an initial exercise                price of                $2.00 per share. |
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|  | 1.2. | Closings. |
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|  | 1.2.1. | The                purchase and sale of the Units shall take place at the offices of                counsel                to the Company (or remotely via the exchange of documents and signatures)                on one or more dates as the Company may elect prior to January 31,                2008                (each a “Closing”). |
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|  | 1.2.2. | Unless                extended by the Company as provided in the Term Sheet annexed to                the                Subscription Agreement, the last Closing shall not be after January                31,                2008. |
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|  | 1.3. | Closing                Deliveries.                At each Closing |
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|  | 1.3.1. | the                Company shall deliver or cause to be delivered to each Purchaser                buying                Units at such Closing, one or more stock certificates, representing                the                Shares comprising the Units and one or more warrant certificates                representing the Warrants comprising the Units, free and clear of                all                restrictive and other legends (except as expressly provided herein),                evidencing, respectively, the number of Shares equal to the number                of                Units, and such number of Warrants equal to 20% of the number of                Units,                indicated below such Purchaser’s name on the signature page of this                Agreement, registered in the name of such                Purchaser; |
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|  | 1.3.2. | each                Purchaser buying Units consisting of Shares and Warrants at such                Closing,                shall deliver or cause to be delivered an amount equal to the Per                Unit                Purchase Price multiplied by the number of Units indicated below                such                Purchaser’s name on the signature page of this Agreement under the heading                “Units Purchased”, in United States dollars and in immediately available                funds, by delivery of a check payable to the Company, or, with the                Company’s consent, wire transfer to an account designated in writing to                such Purchaser by the Company for such purpose. The total purchase                price                payable by each Purchaser shall be set forth under such Purchaser’s name                on the signature page of this Agreement under the heading “Purchase                Price.” |
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| 2. | **REPRESENTATIONS                  AND WARRANTIES OF THE COMPANY**.                  The Company represents and warrants to the Purchaser as                  follows: |
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|  | 2.1. | Organization                and Qualification.                Each of the Company and its subsidiary, Innopump, Inc., is an entity                duly                organized, validly existing and in good standing under the laws of                the                jurisdiction of its incorporation or organization (as applicable),                with                the requisite power and authority to own and use its properties and                assets                and to carry on its business as currently conducted. Neither the                Company                nor such subsidiary is in violation of any of the provisions of its                respective articles of incorporation, bylaws or other organizational                or                charter documents, except where such violation would not have a Material                Adverse Effect, as hereinafter defined. Each of the Company and                Innopump,Inc. is duly qualified to do business and is in good standing                as                a foreign corporation or other entity in each jurisdiction in which                the                nature of the business conducted or property owned by it makes such                qualification necessary, except where the failure to be so qualified                or in                good standing, as the case may be, could not, individually or in                the                aggregate, (i) adversely affect the legality, validity or enforceability                of any Transaction Document (as defined below), (ii) have or result                in a                material adverse effect on the results of operations, assets, prospects,                business or condition (financial or otherwise) of the Company and                the                Subsidiaries, taken as a whole on a consolidated basis, or (iii)                adversely                impair the Company’s ability to perform fully on a timely basis its                obligations under any of the Transaction Documents (any of (i), (ii)                or                (iii), a “Material Adverse                Effect”). |
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|  | 2.2. | Authority                of Agreement.                The Company has the power and authority to execute and deliver this                Agreement, the Registration Rights Agreement , the Warrants and the                Subscription Agreement (collectively referred to as the “Transaction                Documents”) and to carry out its obligations hereunder. The execution,                delivery and performance by the Company of this Agreement and the                consummation of the transactions contemplated hereby have been duly                authorized by all necessary corporate action on the part of the Company                and the Transaction Documents constitute the valid and legally binding                obligation of the Company enforceable against the Company in accordance                with its respective terms, except as the same may be limited by                bankruptcy, insolvency, reorganization or other laws affecting the                enforcement of creditors' rights generally now or hereafter in effect                and                subject to the application of equitable principles and the availability                of                equitable remedies. |
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|  | 2.3. | No                Conflicts.                The execution, delivery and performance of this Agreement and the                other                Transaction Documents and the consummation of the transactions                contemplated hereby and thereby by the Company do not and will not                with or                without the giving of notice or the passage of time or both, violate                or                conflict with or result in a breach or termination of any provision                of, or                constitute a default under, the Articles of Incorporation or the                By-Laws                of the Company or any order, judgment, decree, statute, regulation,                contract, agreement or any other restriction of any kind or description                to                which the Company or its assets may be bound or subject. The Company                is                not in violation of or (with or without notice or lapse of time or                both)                in default under, any material term or provision of its Articles                of                Incorporation or By-Laws or of any indenture, loan or credit agreement,                note agreement, mortgage, security agreement or other agreement,                lease or                other instrument, commitment or arrangement to which the Company                is a                party or by which the Company’s assets are                bound. |
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|  | 2.4. | Articles                and Bylaws.                The copies of the Articles of Incorporation and Bylaws of the Company                which have been made available for inspection by the Purchasers prior                to                the execution of this Agreement are true and complete and have not                been                amended or repealed. |
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|   | 2.5. | Capital                Stock.   Prior to the issuance and sale of the Units to the                Purchasers, the authorized capital stock of the Company will consist                of                35,000,000 shares of Common Stock, of which (i) 15,309,194 shares                shall be                outstanding, (ii) additional shares reserved for issuance upon the                exercise of outstanding warrants as adjusted pursuant to their terms                by                virtue of the sale of securities under this Agreement, and (iii)                an                additional 6,373,415 shares shall be reserved for issuance upon conversion                of the Company’s 10% Redeemable Convertible Secured Notes in the principal                amount of $7,500,000. All such outstanding shares of Common Stock                have                been duly authorized and validly issued and are fully paid and                nonassessable. |
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|   | 2.6. | Binding                Obligations.  This Agreement and the other Transaction Documents                each constitutes the legal, valid and binding obligations of the                Company,                enforceable against the Company in accordance with its respective                terms,                except as such enforcement is limited by bankruptcy, insolvency and                other                similar laws affecting the enforcement of creditors’ rights generally, and                by general equitable principles. |
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|  | 2.7. | Authorization                of Shares.                The Shares are duly authorized and, when issued and paid for in accordance                with the terms of this Agreement, will be duly authorized, validly                issued                and outstanding, fully paid and nonassessable and free and clear                of all                liens and restrictions, other than liens that might have been created                or                suffered by any Purchaser with respect to the Shares and restrictions                imposed by the Securities Act, state securities laws or this Agreement. |
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|  | 2.8. | Reservation                of Warrant Shares.                The Warrant Shares have been duly reserved for issuance upon exercise                of                the Warrants and, when issued and paid for in accordance with the                terms of                the Warrants, will be duly authorized, validly issued and outstanding,                fully paid and nonassessable and free and clear of all liens and                restrictions, other than liens that might have been created or suffered                by                any Purchaser with respect to the Warrant Shares and restrictions                imposed                by the Securities Act, state securities laws or this                Agreement. |
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|  | 2.9. | Securities                Laws.                Subject to the accuracy of the representations and warranties of                the                Purchasers, the offer, issue and sale of the Units are and will be                exempt                from registration and prospectus delivery requirements of the Securities                Act, are and will be issued in compliance with all applicable federal                and                state securities laws. |
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|  | 2.10. | Financial                Statements.                The financial statements of the Company made available for inspection                by                the Purchasers (i) are complete and correct in all material respects                and                are in accordance with the books and records of the Company, (ii)                present                fairly the consolidated financial condition of the Company and its                subsidiaries at September 30, 2007 (the “Balance Sheet Date”) and other                dates therein specified and the results of operations and changes                in                financial position of the Company and its subsidiaries for the periods                therein specified, and (iii) have been prepared in accordance with                generally accepted accounting principles applied on a basis consistent                with prior accounting periods, except that the unaudited financial                statements are subject to year-end audit adjustments and do not contain                complete footnotes or statement of stockholders equity. The Company                and                its subsidiaries have no liabilities or obligations, either acquired                or                absolute, contingent or otherwise, of a type required by generally                accepted accounting principles to be reflected on, or reserved against                in,                a balance sheet, which are not reflected or provided for in the financial                statements and related notes except liabilities arising after the                Balance                Sheet Date which were incurred in the ordinary course of                business. |
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|  | 2.11. | Changes.                Since the Balance Sheet Date, neither the Company nor any of its                subsidiaries has (a) mortgaged, pledged or subjected to lien any of                its material assets, tangible or intangible, (b) sold, transferred                or                leased a material portion of its assets, (c) cancelled or compromised                any                material debt or claim, or waived or released any right, of material                value, (d) suffered any physical damage, destruction or loss (whether                or                not covered by insurance) having a material effect, (e) declared                or paid                any dividends on or made any other distributions with respect to,                or                purchased or redeemed, any of its outstanding equity securities,                or                (f) suffered or experienced any material adverse change or loss in                its business other than its continuing losses from                operations. |
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|  | 2.12. | Litigation.                There is no action pending and, to the best knowledge of the Company,                there is no material action threatened against the Company, its                subsidiaries or their properties or assets. The Company is not in                default                with respect to any order, writ, judgment, injunction, decree,                determination or award of any court or of any governmental entity. |
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|  | 2.13. | Disclosure.                The representations and warranties of the Company contained herein                do not                contain any untrue statement of material fact or omit to state a                material                fact necessary to make the statements therein, in light of the                circumstances under which they are made, not                misleading. |
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|  | 2.14. | No                Governmental Consent or Approval Required.                Based in part on the representations made by the Purchaser in the                Transaction Documents, no authorization, consent, approval or other                order                of, declaration to, or registration, qualification, designation or                filing                with, any federal, state or local governmental agency or body is                required                by or from the Company for the valid and lawful authorization, execution                and delivery by the Company of this Agreement or any other agreement                entered into by the Company in connection with this Agreement, and                consummation of the transactions contemplated hereby or thereby,                or for                the valid and lawful authorization, issuance, sale and delivery of                the                Shares and the Warrants comprising the Units, and the issuance of                the                Warrant Shares upon exercise of the Warrants other than the qualification                (or taking of such action as may be necessary to secure an exemption                from                qualification, if available) of the offer and sale of the Shares,                Warrants                and Warrant Shares under applicable blue sky laws and federal securities                laws, which filings and qualifications, if required, will be accomplished                in a timely manner so as to comply with such qualification or exemption                from qualification requirements. |
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| 3. | **REPRESENTATIONS                AND WARRANTIES OF EACH PURCHASER**.                Each Purchaser represents and warrants to the Company as                follows: |
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|  | 3.1. | Status.                If the Purchaser is a corporation or other entity, the Purchaser                is a                corporation or other entity duly organized, validly existing and                in good                standing under the laws of the jurisdiction of its organization with                full                power and authority to execute, deliver and perform its obligations                under                this Agreement, and the other Transaction Documents. If the Purchaser                is                an individual, the Purchaser has legal capacity to execute, deliver                and                perform his or her obligations under this Agreement, and the other                Transaction Documents. |
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|  | 3.2. | Authority                for Agreements.                The Purchaser has the power and authority to execute and deliver                this                Agreement and the other Transaction Documents and to carry out its                obligations hereunder and thereunder. The execution, delivery and                performance by the Purchaser of this Agreement and the other Transaction                Documents and the consummation of the transactions contemplated hereby                and                thereby have been duly authorized by all necessary action on the                part of                the Purchaser and this Agreement and the other Transaction Documents                each                constitutes the valid and legally binding obligation of the Purchaser,                enforceable against the Purchaser in accordance with its terms, except                as                the same may be limited by bankruptcy, insolvency, reorganization                or other                laws affecting the enforcement of creditors' rights generally now                or                hereafter in effect and subject to the application of equitable principles                and the availability of equitable                remedies. |
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|  | 3.3. | No                Conflicts.                The execution, delivery and performance of this Agreement and the                other                Transaction Documents by the Purchaser and the consummation of the                transactions contemplated hereby and thereby by the Purchaser does                not and                will not with or without the giving of notice or the passage of time                or                both, violate or conflict with or result in a breach or termination                of any                provision of, or constitute a default under, the Certificate of                Incorporation or the By-Laws of the Purchaser (if the Purchaser is                a                corporation), any other organizational instrument (if the Purchaser                is a                legal entity other than a corporation) or any order, judgment, decree,                statute, regulation, contract, agreement or any other restriction                of any                kind or description to which the Purchaser is a party or by which                the                Purchaser may be bound. |
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|  | 3.4. | Purchaser                Representations and Acknowledgments. |
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|  | 3.4.1. | The                Purchaser is acquiring the Units for the Purchaser’s own account for                investment only and not as nominee or agent and not with a view to,                or for                sale in connection with, a distribution of the Shares and with no                present                intention of selling, transferring, granting a participation in or                otherwise distributing, the Units, all within the meaning of the                Securities Act of 1933, as amended, and the rules and regulations                hereunder (the "Securities Act") and any applicable state, securities                or                blue-sky laws. |
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|  | 3.4.2. | The                Purchaser is not a party or subject to or bound by any contract,                undertaking, agreement or arrangement with any person to sell, transfer                or                pledge the Units or any part thereof to any person, and has no present                intention to enter into such a contract, undertaking, agreement or                arrangement. |
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|  | 3.5. | The                Purchaser acknowledges to the Company                that: |
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|  | 3.5.1. | The                Company has advised the Purchaser that the Units and Warrant Shares                have                not been registered under the Securities Act or under the laws of                any                state on the basis that the issuance thereof contemplated by this                Agreement is exempt from such                registration; |
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|  | 3.5.2. | The                Company has advised the Purchaser that a purchase of the Units involves                a                high degree of risk and is suitable only for persons of substantial                financial means who have no need for liquidity in their                investments; |
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|  | 3.5.3. | The                Company's reliance on the availability of such exemption is, in part,                based upon the accuracy and truthfulness of the Purchaser's                representations contained herein; |
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|  | 3.5.4. | The                Units and the Warrant Shares cannot be resold without registration                or an                exemption under the Securities Act and such state securities laws,                and                that certificates representing the Units and the Warrant Shares will                bear                a restrictive legend to such effect substantially as                follow; |
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|  | 3.5.5. | The                Purchaser has evaluated the merits and risks of purchasing the Units,                and                has such knowledge and experience in financial and business matters                that                the Purchaser are capable of evaluating the merits and risks of such                purchase, is aware of and has considered the financial risks and                financial                hazards of purchasing the Units, and is able to bear the economic                risk of                purchasing the Units, including the possibility of a complete loss                with                respect thereto; |
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|  | 3.5.6. | The                Purchaser has had access to such information regarding the business                and                finances of the Company and its subsidiaries, and have been provided                the                opportunity to discuss with the Company's management the business,                affairs                and financial condition of the Company and its subsidiaries and such                other                matters with respect to the Company and its subsidiaries as would                concern                a reasonable person considering the transactions contemplated by                this                Agreement and/or concerned with the operation of the Company; |
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|  | 3.5.7. | All                of the Purchaser's representations and warranties set forth herein                are                correct and complete as of the date of this Agreement, shall be true                and                correct as of the closing of the transaction contemplated by this                Agreement, shall survive such closing and if there should be any                material                change in such information prior to the sale to the Purchaser of                the Units                the Purchaser will immediately furnish such revised or corrected                information to the Company; and |
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|  | 3.5.8. | The                Purchaser, by initialing the applicable paragraphs in the Subscription                Agreement that is a part of the Transaction Documents represents                and                warrants that the Purchaser is an "Accredited                Investor"                within the meaning of Rule 501 of Regulation D promulgated under                Section 4(2) of the Securities Act, as presently in effect. |
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| **4.** | **CONDITIONS                PRECEDENT TO CLOSING** |
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|  | 4.1. | Conditions                Precedent to the Obligations of the Purchasers.                The obligation of each Purchaser to acquire Units at the Closing                is                subject to the satisfaction or waiver by such Purchaser, at or before                the                Closing, of each of the following                conditions: |
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|  | 4.1.1. | *Representations                and Warranties*.                The representations and warranties of the Company contained herein                shall                be true and correct in all material respects as of the date when                made and                as of the Closing as though made on and as of such date;                and |
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|  | 4.1.2. | *Performance*.                The Company and each other Purchaser shall have performed, satisfied                and                complied in all material respects with all covenants, agreements                and                conditions required by the Transaction Documents to be performed,                satisfied or complied with by it at or prior to the                Closing. |
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|  | 4.1.3. | *No                Injunction*.                No statute, rule, regulation, executive order, decree, ruling or                injunction shall have been enacted, entered, promulgated or endorsed                by                any court or governmental authority of competent jurisdiction that                prohibits the consummation of any of the transactions contemplated                by the                Transaction Documents; |
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|  | 4.1.4. | *Adverse                Changes*.                Since the date of execution of this Agreement, no event or series                of                events shall have occurred that reasonably would be expected to have                or                result in a Material Adverse                Effect. |
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|  | 4.2. | Conditions                Precedent to the Obligations of the Company.                The obligation of the Company to sell Units at the Closing is subject                to                the satisfaction or waiver by the Company, at or before the Closing,                of                each of the following conditions: |
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|  | 4.2.1. | *Representations                and Warranties*.                The representations and warranties of the Purchasers contained herein                shall be true and correct in all material respects as of the date                when                made and as of the Closing Date as though made on and as of such                date;                and |
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|  | 4.2.2. | *Performance*.                The Purchasers shall have performed, satisfied and complied in all                material respects with all covenants, agreements and conditions required                by the Transaction Documents to be performed, satisfied or complied                with                by the Purchasers at or prior to the                Closing. |
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| 5. | **INDEPENDENT                NATURE OF PURCHASERS’ OBLIGATIONS AND RIGHTS**.                The obligations of each Purchaser under any Transaction Document                are                several and not joint with the obligations of any other Purchaser,                and no                Purchaser shall be responsible in any way for the performance of                the                obligations of any other Purchaser under any Transaction Document.                The                decision of each Purchaser to purchase Units pursuant to this Agreement                has been made by such Purchaser independently of any other Purchaser                and                independently of any information, materials, statements or opinions                as to                the business, affairs, operations, assets, properties, liabilities,                results of operations, condition (financial or otherwise) or prospects                of                the Company or of the Subsidiary which may have been made or given                by any                other Purchaser or by any agent or employee of any other Purchaser,                and no                Purchaser or any of its agents or employees shall have any liability                to                any other Purchaser (or any other Person) relating to or arising                from any                such information, materials, statements or opinions. Nothing contained                herein or in any Transaction Document, and no action taken by any                Purchaser pursuant thereto, shall be deemed to constitute the Purchasers                as a partnership, an association, a joint venture or any other kind                of                entity, or create a presumption that the Purchasers are in any way                acting                in concert or as a group with respect to such obligations or the                transactions contemplated by the Transaction Document. The Company                hereby                confirms that it understands that the Purchasers are not acting as                a                “group” as that term is used in Section 13(d) of the Exchange Act. Each                Purchaser acknowledges that no other Purchaser has acted as agent                for such                Purchaser in connection with making its investment hereunder and                that no                other Purchaser will be acting as agent of such Purchaser in connection                with monitoring its investment hereunder. Each Purchaser shall be                entitled                to independently protect and enforce its rights, including without                limitation the rights arising out of this Agreement or out of the                other                Transaction Documents, and it shall not be necessary for any other                Purchaser to be joined as an additional party in any proceeding for                such                purpose. Each Purchaser represents that it has been represented by                its own                separate legal counsel in its review and negotiations of this Agreement                and the Transaction Documents |
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| 6. | **MISCELLANEOUS**  |
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|  | 6.1. | Entire                Agreement; Survival of Provisions.                The Transaction Documents constitute the entire agreement of the                parties                with respect to the transactions contemplated hereby and supersede                all                prior agreements and understandings with respect thereto, whether                written                or oral. All of the covenants of the parties made herein shall remain                operative and in full force and effect pursuant to their respective                terms                regardless of acceptance of the Shares and payment therefor. The                representations and warranties set forth herein shall survive the                execution and delivery of this Agreement, and the issuance of the                Shares                and Warrants in each case until the second anniversary of the date                of this                Agreement (the "Expiration                Date"),                and shall in no way be affected by any investigation of the subject                matter                thereof made by or on behalf of the Purchaser or the Company.                Notwithstanding the preceding sentence, any representation or warranty                in                respect of which an indemnity may be sought hereof shall survive                the time                at which it would otherwise terminate pursuant to the preceding sentence,                if a claim for indemnification shall have been given to the party                against                whom such indemnity may be sought prior to the Expiration Date. The                agreements and covenants of the parties set forth in a Transaction                Document shall survive for the term of the Transaction Document.                The                representations, warranties, agreements and covenants made in the                Transaction Documents shall be deemed to have been relied upon by                the                parties hereto. |
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|  | 6.2. | No                Waiver; Modifications in Writing.                No failure or delay by a party in exercising any right, power or                remedy                hereunder shall operate as a waiver thereof, nor shall any single                or                partial exercise of any such right, power or remedy preclude any                other or                further exercise thereof or the exercise of any other right, power                or                remedy. Except as otherwise expressly provided herein with respect                to any                right of indemnification, the remedies provided for herein are cumulative                and are not exclusive of any remedies that may be available to any                party                at law or in equity or otherwise. No waiver of or consent to any                departure                by a party from any provision of this Agreement shall be effective                unless                signed in writing by the parties entitled to the benefit thereof.                No                amendment, modification or termination of any provision of this Agreement                shall be effective unless signed in writing by all parties. Any amendment,                supplement or modification of or to any provision of this Agreement,                any                waiver of any provision of this Agreement, and any consent to any                departure from the terms of any provision of this Agreement, shall                be                effective only in the specific instance and for the specific purpose                for                which made or given. |
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|  | 6.3. | Notices.                All notices, demands and other communications provided for hereunder                shall                be in writing, shall be given by registered or certified mail, return                receipt requested, on the date sent by telecopy with electronic                confirmation of such transmission, the date given by electronic or                email                delivery, or the business day next following deposit with a courier                service for overnight delivery with written confirmation of such                delivery                or upon personal delivery, addressed to the parties, as                follows: |
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|  | 6.4. | Execution                in Counterparts.                This Agreement may be executed in any number of counterparts and                by                different parties hereto on separate counterparts, which may be delivered                by facsimile or electronic copy, each of which counterparts, when                so                executed and delivered, shall be deemed to be an original and all                of which                counterparts, taken together, shall constitute but one and the same                Agreement. |
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|  | 6.5. | Binding                Effect; Assignment.                The rights and obligations of the parties under this Agreement may                not be                assigned or otherwise transferred to any other Person, without the                prior                written consent of the other party hereto. Except as expressly provided                in                this Agreement, this Agreement shall not be construed so as to confer                any                right or benefit upon any Person other than the parties to this Agreement                and their respective successors and permitted assigns. This Agreement                shall be binding upon and shall inure to the benefit of the Company,                the                Purchasers and their respective permitted successors and                assigns. |
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|  | 6.6. | Governing                Law.                This Agreement shall be deemed to be a contract made under and shall                be                governed by and construed in accordance with the internal laws of                the                State of New York without reference to the principles of conflict                of laws,                provided, however, that the due authorization, issuance and enforceability                of the terms of the Common Stock or any requirement of stockholder                approval or the validity or invalidity of any action by the Board                of                Directors or compliance by the Company or any subsidiary with its                Certificate of Incorporation or bylaws or any of their corporate                authority, shall be governed by, and construed in accordance with,                the                laws of the domicile of such entity, without giving effect to the                principles thereof relating to the conflict of laws. |
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|  | 6.7. | Consent                to Jurisdiction and Service of Process.                Any suit, action or proceeding arising out of or relating to the                Transaction Documents or the transactions contemplated hereby or                thereby                may be instituted in any Federal court situated in the State of New                York                or any state court of the State of New York, in each case, in the                Borough                of Manhattan, City of New York, in the State of New York, and each                party                agrees not to assert, by way of motion, as a defense or otherwise,                in any                such suit, action or proceeding, any claim that it is not subject                personally to the jurisdiction of such court, that the suit, action                or                proceeding is brought in an inconvenient forum, that the venue of                the                suit, action or proceeding is improper or that the Transaction Documents                or the subject matter hereof or thereof may not be enforced in or                by such                court. Each party further irrevocably submits to the jurisdiction                of such                court in any such suit, action or proceeding. Any and all service                of                process and any other notice in any such suit, action or proceeding                shall                be effective against any party if given personally or by registered                or                certified mail, return receipt requested if sent to such party at                the                address for such party set forth in Section 6.3 hereof, or by any                other                means of mail that requires a signed receipt, postage fully prepaid,                mailed to such party as herein provided. Nothing herein contained                shall be                deemed to affect the right of any party to serve process in any manner                permitted by law or to commence legal proceedings or otherwise proceed                against any other party in any other                jurisdiction. |
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|  | 6.8. | Further                Assurances.                Each of the parties hereto shall execute and deliver such documents,                instruments and agreements and take such further actions as may be                reasonably required or desirable to carry out the provisions of the                Transaction Documents and the transactions contemplated hereby and                thereby, and each of the parties hereto shall cooperate with each                other in                connection with the foregoing. |
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|  | 6.9. | Severability                of Provisions.                Any provision hereof that is prohibited or unenforceable in any                jurisdiction shall, as to such jurisdiction, be ineffective to the                extent                of such prohibition or unenforceability without invalidating the                remaining                provisions hereof, and any such prohibition or unenforceability in                any                jurisdiction shall not invalidate or render unenforceable such provision                in any other jurisdiction. To the extent permitted by law, the parties                hereto waive any provision of law that renders any such provision                prohibited or unenforceable in any                respect. |
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|  | 6.10. | Headings.                The Article, Section and subsection headings used or contained in                this                Agreement are for convenience of reference only and shall not affect                the                construction of this Agreement. |
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|  | 6.11. | Costs                and Expenses.                Other then as previously agreed to in a separate writing between                the                Company and Fursa Master Global Event Driven Fund, L.P., each party                shall                bear its own costs and expenses in connection with the execution                and                delivery of the Transaction                Documents. |
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|  | 6.12. | Waiver                of Jury Trial.                The parties hereto hereby irrevocably waive all right to a trial                by jury                in any action, proceeding or counterclaim arising out of or relating                to                this Agreement or any other Transaction Document or the transactions                contemplated hereby or thereby. |
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**SIGNATURE      PAGE **

**The      Parties acknowledge that the signature page of the Subscription Agreement which      is part of the Transaction Documents shall be deemed the signature page      hereof.**

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