**Exhibit 10.18**

**Common Stock Purchase Agreement**

This Common StockPurchase Agreement (“Agreement”) is made as of February 26, 2007, by and amongTelesource International, Inc., a Delaware corporation (“Seller”) with officesin Lombard Illinois and Ernil Continental S.A., BVI, with offices in Europe . (“Buyer”).

RECITALS

Seller desires to sell,and Buyer desires to purchase, shares of Telesource Common Stock (“Telesource”)as delineated below for the consideration and on the terms set forth in thisAgreement.

| Investment Date | ** ** | **Total Shares** | ** ** | **Price per Share** | ** ** | **Total Investment** | ** **   |
|----------------------|------------|-----------------------|------------|-------------------------------|------------|---------------------------|--------------|
| April 5, 2007        |       | 291,500               |       | 0.5                           |       | $                         | 145,750.00   |   |
| May 5, 2007          |       | 192,500               |       | 0.5                           |       | $                         | 96,250.00    |   |
| June 5, 2007         |       | 741,400               |       | 0.5                           |       | $                         | 370,700.00   |   |
| July 5, 2007         |       | 154,000               |       | 0.5                           |       | $                         | 77,000.00    |   |
| September 5, 2007    |       | 225,500               |       | 0.5                           |       | $                         | 112,750.00   |   |
| October 5, 2007      |       | 280,500               |       | 0.5                           |       | $                         | 140,250.00   |   |
| December 5, 2007     |       | 440,000               |       | 0.5                           |       | $                         | 220,000.00   |   |
|                 |       | 2,325,400             |       |                          |       | $                         | 1,162,700.00 |   |

 

The Buyer also agrees tobuy an additional 440,000 shares in 2007 at the same price stated above shouldthe Seller make the same available as and when necessary for Seller to raiseadditional funding to cover cash shortfalls caused by an early settlement ofpending litigation(e.g. Koblerville Housing Project) or any other unanticipatedclaim against Seller.

AGREEMENT

The parties, intending tobe legally bound, agree as follows:

1.  DEFINITIONS

For purposes of thisAgreement, the following terms have the meanings specified or referred to inthis Section 1:

**“BestEfforts”—**the efforts that a prudent Person desirous ofachieving a result would use in similar circumstances to ensure that suchresult is achieved as expeditiously as possible.

**“Buyer”**—ErnilContinental S.A., BVI, as defined in the first paragraph of this Agreement.

**“Closing”—**asdefined in Section 2.3.

**“ClosingDate”—**the date and time as of which the Closing actuallytakes place.

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**“SecuritiesAct”—**the Securities Act of 1933 or any successor law, andregulations and rules issued pursuant to that Act or any successor law.

**“Seller”**—Telesource International, as defined in the first paragraph of this Agreement.

**“Shares”**—2,325,400shares of Common Stock to be issued by Telesource International, Inc.

2.  SALE AND TRANSFER OF SHARES; CLOSING

2.1  SHARES AND AUTHORIZATION

Subject to the terms andconditions of this Agreement at the Closing, Seller will sell and transfer TwoMillion, Three Hundred and Twenty-Five Thousand and Four Hundred (2,325,400)shares to Buyer, and Buyer will purchase the Shares from Seller.

2.2  PURCHASE PRICE

The purchase price (the “PurchasePrice”) for the Shares will be One Million, One Hundred and Sixty-Two Thousandand Seven Hundred U.S. Dollars ($1,162,700.00)

2.3  CLOSING

The purchase and sale(the “Closing”) provided for in this Agreement will take place on (i) the datesas listed below:

|        |   | Investment  Date   |   |   |
|--------|--------|--------------------|--------|--------|
|   |   | April 5, 2007      |   |   |
|   |   | May 5, 2007        |   |   |
|   |   | June 5, 2007       |   |   |
|   |   | July 5, 2007       |   |   |
|   |   | September 5,  2007 |   |   |
|   |   | October 5, 2007    |   |   |
|   |   | December 5, 2007   |   |   |

 

or (ii) at such othertime and place as the parties may agree. Subject to the provisions of Section4, failure to consummate the purchase and sale provided for in this Agreementon the date and time and at the place determined pursuant to this Section 2.3will not result in the termination of this Agreement and will not relieve anyparty of any obligation under this Agreement.

2.4  CLOSING OBLIGATIONS

At the Closing:

(a)  Seller will deliver to Buyer:

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(i)  Confirmation that funds havebeen received by the Company along with a copy of a letter instructing thetransfer agent to issue the new certificates representing the Shares at eachinstance of funds being invested;

(b)  Buyer will deliver to Seller:

(ii)  the total amount of $1,162,700 (US Dollars)by wire transfer to an account specified by Telesource International, Inc. inincrements as stated above.

3.  REPRESENTATIONS AND WARRANTIES OF BUYER

Buyer representsand warrants to Seller as follows:

Buyer is an “accredited investor” as that term isdefined in Rule 501 of Regulation D promulgated by the U.S. Securities andExchange Commission (the “SEC”) under the Securities Act of 1933, asamended (the “Securities Act”). For this purpose, Buyer understands that an “accredited investor”includes:

(i)            any individual who: (A) has a networth (with spouse) in excess of $1 million; or (B) has had an individualincome in excess of $200,000 (or joint income with spouse in excess of$300,000) in each of the two most recent years and who reasonably expects thesame income level for the current year; or (C) who is an executive officer ordirector of the Company;

(ii)           any entity in which all of the equityowners or partners are “accredited investors”; or

(iii)          any corporation or partnership withtotal assets in excess of $5,000,000 that was not formed for the specificpurpose of purchasing the securities sold hereunder.

(a)           Buyerconsiders itself to be a sophisticated investor in companies similarly situatedto the Company, and Buyer has substantial knowledge and experience in financialand business matters (including knowledge of finance, securities andinvestments, generally, and experience and skill in investments based on actualparticipation) such that Buyer is capable of evaluating the merits and risks ofthe prospective investment in the Company.

(b)           Buyer’scurrent address is as set forth on the signature page hereof.

(c)           Buyerhas been advised and acknowledges that the issuance of the Shares will not beregistered under the Securities Act, in reliance upon the exemption(s) fromregistration promulgated thereunder, and, therefore, are “restrictedsecurities.”  Buyer also acknowledgesthat the issuance of the Shares will not be registered under the securitieslaws of any state.  Consequently, Buyeragrees that the Shares cannot be resold unless they are registered under theSecurities Act and applicable state securities laws, or unless an exemptionfrom such registration requirements is available.  Buyer has been advised and acknowledges thatthe Company is under no obligation to take any action necessary in order tomake available any exemption for the transfer of the Shares withoutregistration.

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(d)           Buyeris purchasing the Shares solely for Buyer’s own account and not as nominee for,representative of, or otherwise on behalf of, any other person.  Buyer is purchasing the Shares with theintention of holding the Shares for investment, with no present intention ofparticipating directly or indirectly in a subsequent public distribution of theShares unless registered under the Securities Act and applicable statesecurities laws, or unless an exemption from such registration requirements isavailable.  Buyer shall not make anysale, transfer or other disposition of the Shares in violation of state orfederal law.

(e)           Buyerhas been advised that there is no assurance that the Company will continue tobe a “Public Company” (*i.e.,*a companywith equity securities registered with the SEC pursuant to the SecuritiesExchange Act of 1934, as amended (the “Exchange Act”) or, even if theCompany continues to be a Public Company, that there will be an active marketfor the Shares.  Buyer is aware thatBuyer’s investment in the Company is speculative and involves a high degree ofrisk of loss arising from, among other things, substantial market, operational,competitive and other risks, and, having made Buyer’s own evaluation of therisks associated with this investment, Buyer is aware and Buyer has beenadvised that Buyer must bear the economic risks of a purchase of the Sharesindefinitely.

(f)            Buyeracknowledges that the Shares were not offered to Buyer by means of any form ofgeneral or public solicitation or general advertising, or publicly disseminatedadvertisements or sales literature, including (i) any advertisement, article,notice or other communication published in any newspaper, magazine or similarmedia, or broadcast over television or radio, or (ii) any seminar or meeting towhich Buyer was invited by any of the foregoing means of communication.

(g)           Buyerunderstands and agrees that the Company, and all current and futurestockholders of the Company, are relying on the agreements and representationscontained herein.

(h)           Inconnection with the purchase of the Shares by Buyer, Buyer has not paid andwill not pay, and has no knowledge of the payment of, any commission or otherdirect or indirect remuneration to any person or entity for soliciting orotherwise coordinating the purchase of the Shares.

(i)            Buyerhas been advised and agrees that there will be placed on any certificates representingthe Shares, or any substitution(s) thereof, a legend stating in substance thefollowing (and including any restrictions or conditions that may be required byany applicable state law), and Buyer has been advised and further agrees thatthe Company will refuse to permit the transfer of the Shares out of Buyer’sname in the absence of compliance with the terms of such legend:

“The shares represented by this certificate have not been registeredunder the Securities Act of 1933, as amended, or under any state securitieslaws and may not be sold, pledged, transferred, assigned or otherwise disposedof except in accordance with such Act and the rules and regulations thereunderand in accordance with applicable state securities laws.  The Company will transfer such shares onlyupon receipt of evidence satisfactory to the Company, which may include anopinion of counsel, that the registration provisions of such Act have beencompiled with or that such registration is not required and that such transferwill not violate any applicable state securities laws.”

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(j)            Buyer is aware thatthe Company may offer and sell additional shares of Preferred Stock, CommonStock or other securities in the future, thereby diluting Buyer’s percentageequity ownership of the Company.

3.1  INVESTMENT INTENT

Buyer is acquiring theShares for its own account and not with a view to their distribution within themeaning of Section 2(11) of the Securities Act.

3.2  CERTAIN PROCEEDINGS

There is no pendingProceeding that has been commenced against Buyer and that challenges, or mayhave the effect of preventing, delaying, making illegal, or otherwiseinterfering with, any of the Contemplated Transactions. To Buyer’s Knowledge,no such Proceeding has been threatened.

3.3  BROKERS OR FINDERS

Buyer and its officersand agents have incurred no obligation or liability, contingent or otherwise,for brokerage or finders’ fees or agents’ commissions or other similar paymentin connection with this Agreement and will indemnify and hold Sellers harmlessfrom any such payment alleged to be due by or through Buyer as a result of theaction of Buyer or its officers or agents.

4.  Intentionally Omitted

5.  GENERAL PROVISIONS

5.1  EXPENSES

Except as otherwiseexpressly provided in this Agreement, each party to this Agreement will bearits respective expenses incurred in connection with the preparation, execution,and performance of this Agreement and the Contemplated Transactions, includingall fees and expenses of agents, representatives, counsel, and accountants.

5.2  NOTICES

All notices, consents,waivers, and other communications under this Agreement must be in writing andwill be deemed to have been duly given when (a) delivered by hand (with writtenconfirmation of receipt), (b) sent by telecopier (with written confirmation ofreceipt), provided that a copy is mailed by registered mail, return receiptrequested, or (c) when received by the addressee, if sent by a nationallyrecognized overnight delivery service (receipt requested), in each case to the appropriateaddresses and telecopier numbers set forth

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below (or to such otheraddresses and telecopier numbers as a party may designate by notice to theother parties):
| Seller:                Telesource  International Inc.                                                       |   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                           860  Parkview Blvd.             |   |   |
|                           Lombard  Ill. 60148 USA         |   |   |
|                                                                                                                                                                                        |   |   |
| Attention:          Nidal  Z. Zayed                                                                                                       |   |   |
|                           Corporate  Secretary            |   |   |
|                           Telesource  International, Inc. |   |   |
|                                                                                                                                                                                        |   |   |
| Facsimile No.:  (630) 620-4753                                                                                                                                                    |   |   |
|                                                                                                                                                                                        |   |   |
| Buyer:               Ernil  Continental S.A., BVI                                                                |   |   |
|                           European  Office                |   |   |
|                           Herrengasse  5                  |   |   |
|                           PO  Box 1155                    |   |   |
|                           FL  — 9490 Vaduz           |   |   |
|                                                                                                                                                                                        |   |   |
| Attention:          Mrs.  Sandra A. Marc-Büchel                                                                                      |   |   |
|                           Director                        |   |   |
|                                                                                                                                                                                        |   |   |
| Facsimile No.:  00423 237 69 78                                                                                                                                                   |   |   |

 

5.3  WAIVER

The rights and remediesof the parties to this Agreement are cumulative and not alternative. Neitherthe failure nor any delay by any party in exercising any right, power, orprivilege under this Agreement or the documents referred to in this Agreementwill operate as a waiver of such right, power, or privilege, and no single orpartial exercise of any such right, power, or privilege will preclude any otheror further exercise of such right, power, or privilege or the exercise of anyother right, power, or privilege. To the maximum extent permitted by applicablelaw, (a) no claim or right arising out of this Agreement or the documentsreferred to in this Agreement can be discharged by one party, in whole or inpart, by a waiver or renunciation of the claim or right unless in writingsigned by the other party; (b) no waiver that may be given by a party will beapplicable except in the specific instance for which it is given; and (c) nonotice to or demand on one party will be deemed to be a waiver of anyobligation of such party or of the right of the party giving such notice ordemand to take further action without notice or demand as provided in thisAgreement or the documents referred to in this Agreement.

5.4  ENTIRE AGREEMENT AND MODIFICATION

This Agreement supersedesall prior agreements between the parties with respect to its subject matter andconstitutes (along with the documents referred to in this Agreement) a completeand exclusive statement of the terms of the agreement between the parties withrespect to its subject matter. This Agreement may not be amended except by awritten agreement executed by the party to be charged with the amendment.

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5.5  ASSIGNMENTS, SUCCESSORS, AND NO THIRD-PARTYRIGHTS

Neither party may assign any of its rights under this Agreement withoutthe prior consent of the other parties, (which will not be unreasonablywithheld), except that Buyer may assign any of its rights under this Agreementto any Subsidiary of Buyer. Subject to the preceding sentence, this Agreementwill apply to, be binding in all respects upon, and inure to the benefit of thesuccessors and permitted assigns of the parties. Nothing expressed or referredto in this Agreement will be construed to give any Person other than theparties to this Agreement any legal or equitable right, remedy, or claim underor with respect to this Agreement or any provision of this Agreement. ThisAgreement and all of its provisions and conditions are for the sole andexclusive benefit of the parties to this Agreement and their successors andassigns.

 

5.6  SEVERABILITY

If any provision of thisAgreement is held invalid or unenforceable by any court of competentjurisdiction, the other provisions of this Agreement will remain in full forceand effect. Any provision of this Agreement held invalid or unenforceable onlyin part or degree will remain in full force and effect to the extent not heldinvalid or unenforceable.

5.7  GOVERNING LAW

This Agreement will begoverned by the laws of the State of Delaware without regard to conflicts oflaws principles.

5.8  COUNTERPARTS

This Agreement may beexecuted in one or more counterparts, each of which will be deemed to be anoriginal copy of this Agreement and all of which, when taken together, will bedeemed to constitute one and the same agreement.

IN WITNESS WHEREOF, theparties have executed and delivered this Agreement as of the date first writtenabove.

 
| Buyer: |                        |   | Seller: |                           |
|--------|-----------------------------|--------|---------|--------------------------------|
|   |                        |   |    |                           |
|   | Sandra A. Marc-Büchel  |   |    | Nidal Z. Zayed                 |
|   | Director                    |   |    | President & CEO            |
|   | Ernil Continental S.A., BVI |   |    | Telesource International, Inc. |

 

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