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|  1. |   | Term. The term of this      Agreement (the "Term") shall commence and be in full force and effect as      of December 10, 2008 (the "Effective Date") and the Agreement will      continue indefinitely until terminated according to Paragraph      7. |
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| 2. | Definition.      The term the DaVinci Research Materials ("Davinci Research Materials")      shall refer to any and all of the documents, data, records, reports, maps,      compilations, computer models, writings and materials that are in any way      related to the DaVinci Project that have been accumulated by SeaRex, any      persons known to SeaRex, or any employees, contractors, consultants,      officers, directors, agents, affiliates, or associates of      SeaRex. |
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| 3. | Representations      and Warranties of SeaRex.      SeaRex represents and warrants that the following statements arc      true and correct as of the EffectiveDate: |
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|   | a. | SeaRex      has exclusive ownership and control of all of the DaVinci Research      Materials. |
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|   | b. | SeaRex,      or any person or entity known to SeaRex, has never previously      disseminated, copied, distributed, or shared any of the contents of the      DaVinci Research Materials with any thirdparty. |
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|   | c. | All      of the information contained in the DaVinci Research Materials is      currently owned by SeaRex and no copyright or other intellectual property      rights violations exist with regards to the DaVinci Research      Materials. |
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|   | d. | SeaRex      expressly agrees to indemnify Seafarer and hold Seafarer harmless from any      action relating to any copyright or other intellectual property rights      violations or lawsuits arising from the conduct of SeaRex with respect to      the DaVinci Research Materials. |
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|   | e. | SeaRex      will deliver all copies and originals of the DaVinci Research Materials to      Seafarer, and SeaRcx will not retain any copies or means of making      reproductions of the DaVinci ResearchMaterials. |
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|   | f. | Upon      delivery of the DaVinci Research Materials, SeaRex unconditionally,      absolutely and irrevocably transfers and assigns all rights, title,      interests, or benefits to the DaVinci Research Materials to Seafarer and      agrees to relinquish and forever forgo any rights, title, interests or      benefits whatsoever from the DaVinci Research  Materials. |
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|  | g. | SeaRex,      by entering into this Agreement, understands and agrees that should any      third party gain access to the DaVinci Research Materials, the damage to      Seafarer would be irreparable and SeaRex covenants that it will never      undertake any new research or attempt to ever reproduce anything relating      to the DaVinci Research Materials for any other party without the express      written permission of Seafarer. |
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|   | h.      The DaVinci Research Materials contain sufficient data, information and      documentation as to the approximate location of the DaVinci Project so      that Seafarer will not have to pay any additional fees to research the      Davinci Project. |
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|   | 4.      Consideration. Seafarer may, in its sole discretion and if funds are      available, pay SeaRex a fee of two hundred and fifty thousand dollars      ($250,000.00) (the "Upfront Fees") less any funds previously paid to      SeaRex in exchange for the Davinci Research Materials. SeaRex acknowledges      that it previously received ten thousand dollars ($10,000) from Seafarer      towards the purchase of the DaVinci Research Materials. The remaining      Upfront Fees will be paid in the following  increments: |
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|   | a) | Ten      thousand dollars ($10,000) will due upon execution of this      Agreement; |
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|   | b) | Thirty      thousand dollars ($30,000) will be due by December 31, 2008 unless the      parties mutually agree to extend the duedate; |
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|   | c) | Fifty      thousand dollars ($50,000) will be due by February 15, 2009 unless the      parties mutually agree to extend the due date; and              |
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|   | d) | One      hundred and fifty thousand dollars ($150,000) will be due by March 31,      2009 unless the parties mutually agree to extend the due    date. |

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|  5.  | Exclusivity of DaVinciResearch Materials.      Seafarer will have exclusive rights to the DaVinci Research      Materials during the Term of this Agreement. Moreover, SeaRex specifically      agrees and acknowledges that it and/or its affiliates, associates or any      person or entity known to SeaRex either now or in the future will not      approach, have any contact with, discussions with, meet with, conference      with or have any dialogue of any kind with any persons, entities or third      parties regarding the sale of the DaVinci Research Materials during the      Term of this Agreement. |
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| 6. | Delivery by SeaRex of      DaVinci      Research      Materials. SeaRex agrees to deliver all of the DaVinci Research      Materials to Seafarer at the time that Seafarer pays SeaRex the Upfront      Fees described in Paragraph 5(b). Seafarer will return      the DaVinci Research Materials to SeaRex if the Agreement is terminated      according to Paragraph 7. |
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| 7. | Right toTerminate the      Agreement. If Seafarer does not pay SeaRex the Upfront Fees      by the due      dates described in Paragraph 5, then SeaRex, in its sole      discretion, may terminate the      Agreement by      providing written notice to Seafarer. If SeaRex terminates the Agreement      then it agrees that within five (5) business days of providing written      notice of termination it will pay back any and all funds that it has      received from Seafarer. SeaRex specifically acknowledges that if      Seafarer does not pay the Upfront Fees by any of the due dates described      in Paragraph 5, then Seafarer will not have any further financial      obligations whatsoever or owe any consideration or fees of any kind to      SeaRex. |
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| 8. | Legal      Matters.      This Agreement shall be interpreted under and governed by the laws      of the State of Florida. |
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| 9. | Venue. The Parties hereby agree that the      venue of any action, proceeding, counterclaim,  crossclaim, or other      litigation relating to, involving, or resulting from the enforcement of      this Agreement shall be in Hillsborough County, Florida    only. |
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| 10. | Binding Effect. This      agreement shall be binding upon the parties and their respective personal      representatives, heirs, successors andassigns. |
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|  11. | Modification and Waiver.This Agreement contains      the entire Agreement of the parties and no change of any term or      provisions of this Agreement shall be valid or binding unless the same      shall be in writing and signed by all of the parties hereto. No waiver of      any of the terms of this Agreement shall be valid unless signed by the      party against whom the waiver is asserted. A waiver on any one occasion      shall not he constructed as a bar to or a waiver of any right on any      future occasion. |
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| 12. | Attorney's Fees. In the event that any party is      required to engage in services of legal counsel to enforce the terms and      conditions of this Agreement against any other party to this Agreement,      regardless of whether such action results in litigation, the prevailing      party shall be entitled to reimbursement of its reasonable attorney's fees      and costs. |
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| 13. | Counterparts. This Agreement may be      executed in any number of counterparts, each of which shall be an original      but all of which shall constitute one and the same    instrument. |
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| 14. | Notices. Notice required or permitted to      be given pursuant to the terms of this Agreement shall be deemed received      five (5) days after deposit into the United States mail, postage prepaid,      certified return receipt requested and addressed as provided below, or      upon receipt if delivered by any othermethod: |
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| 15. | Invalid Provision. The invalidity or      unenforceability of any particular provision of this Agreement shall not      affect the other provisions hereof, and the Agreement shall be constructed      in all respects as if the invalid or unenforceable provisions were      omitted. |
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|  16. | Equitable Remedies; Remedies      Cumulative. All breaches of this Agreement are subject to      specific enforcement, injunction and other forms of equitable relief,      without prejudice to the right to seek damages or other remedies. The      parties agree that monetary damages would not be sufficient remedy for      a breach of this      Agreement. The rights and remedies provided by this Agreement arc      cumulative and the use of any one right or remedy by any party shall not      preclude or waive the right to use any other remedies. These rights and      remedies are given in addition to any other rights the parties may have by      law, statute, ordinance or otherwise. The failure of any party to seek      redress for violation of or to insist on the strict performance of any      covenant or condition of this Agreement shall not prevent a subsequent      act, which would have originally constituted a violation, from having the      effect of an original violation. |
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|  17. |   | Entire Agreement. This Agreement constitutes the      entire agreement between the parties pertaining to the subject matter      hereof and supersedes and cancels any prior communications,      representations, understandings, and agreements, whether verbal or in      writing, between the parties. No modifications of or changes to this      Agreement shall be binding, nor can any of its provisions be waived,      unless agreed to in writing by theparties. |
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|  18. |   | Advice of Counsel. Each party signing      this Agreement: |
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|  19. | Miscellaneous. Whenever      the single number is used in this Agreement and when required by the      context, the same shall include plural and vice versa, and the masculine      gender shall include the feminine and neuter genders and vice versa. The      headings in this Agreement are inserted for convenience only and are in no      way intended to describe, interpret, define or      limit the scope, extent or intent of this Agreement or any      provision of this Agreement. Each and all of the covenants, terms,      provisions and agreements in this Agreement contained shall be binding on      and inure to the benefit of the parties and, to the extent permitted by      this Agreement, their respective heirs, legal representatives, successors      and assigns. |
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