Document:

Exhibit 10.23

DIRECTOR COMPENSATION ARRANGEMENTS

Healthaxis Inc. (the
“Company”) maintains a compensation program for its non-employee directors, which is comprised of both an equity and a cash component.
Effective January 16, 2007, a new annual compensation program was approved for the Company’s Board of Directors for calendar year 2007. For 2007,
each non-employee director will receive 10,000 shares of restricted stock, with the chairman of each committee of the Board of Directors and the lead
director receiving an additional 2,500 shares of restricted stock and the Chairman of the Board receiving an additional 15,000 shares of restricted
stock. These grants of restricted stock vest at the rate of 25% for each of the four regular quarterly meetings of the Board of Directors and its
committees.

With respect to cash
compensation, non-employee directors other than the Chairman of the Board receive $1,875 for each meeting attended in person, $500 for each committee
meeting attended in person when not held on the same date and at the same location as a meeting of the Board of Directors, and $250 per hour for
attendance at telephonic meetings (with a maximum of $500 per telephonic meeting). The Chairman of the Board receives $5,675 for each meeting of the
Board of Directors attended in person, and $350 per hour for attendance at telephonic meetings (with a maximum of $750 per telephonic meeting).
Committee chairs and the lead director receive an additional $2,000 per committee meeting attended in person and $350 per hour for attendance at
telephonic meetings (with a maximum of $750 per telephonic meeting).

Page 68Exhibit 10.1.

                        STOCK SALE AND PURCHASE AGREEMENT

     THIS  AGREEMENT  is made this 14th day of March  2007,  by and among  David
Keaveney ("Seller"),  an individual,  MOTORSPORTS EMPORIUM, INC. ("Company"),  a
Nevada corporation, and Kenneth Yeung, ("Purchaser"), an individual.

     WHEREAS,  the Seller desires to sell to the Purchaser 200,000 shares of the
Series C Preferred  Stock of the Company,  with a par value of $0.001 per share,
representing  all the issued and  outstanding  Series C  Preferred  Stock of the
Company ("Stock" or "Company Stock").

     WHEREAS,  the  Purchaser  desires  to  purchase  the  Stock as  hereinafter
provided; and

     WHEREAS,  the  Purchaser  desires  to  reduce a  substantial  amount of the
Company's  indebtedness  in order to improve  the  Company's  balance  sheet and
financial  position  in order to  benefit  the  Company's  shareholders  and the
Purchaser desires to assist the Company in reducing its indebtedness;

     NOW, THEREFORE,  in consideration of the foregoing and the following mutual
covenants and agreements, the parties hereto agree as follows:

     PURCHASE OF STOCK. At the signing of this Agreement  ("Closing"),  upon the
basis of the  covenants,  warranties  and  representations  of the Purchaser set
forth in this Agreement, the Seller will sell, transfer,  assign, and deliver to
the Purchaser  200,000 shares of Company Stock,  represented by Certificate  No.
C-001, by causing the Company to reissue such 200,000 shares of Company Stock in
a new  Certificate  No.  C-002,  clear of all  liens,  pledges,  rights of third
parties  and any  other  encumbrances,  except  as  otherwise  may be  permitted
hereunder.

     COMPENSATION; PAY-OFF OF INDEBTEDNESS. Purchaser agrees to the following:

     PAYMENT OF $10,000.00 IN CASH TO SELLER; AND

     PAYMENT OF ALL ITEMS  LISTED IN THE COLUMN NAMED "NET BALANCE PAID IN CASH"
ON SCHEDULE A ATTACHED HEREIN AND THE ACCOMPANYING FOOTNOTES.

     RESTRICTIVE LEGEND. All shares of the Stock to be delivered hereunder shall
bear a restrictive legend in substantially the following form:

     "THE SHARES  REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE  SECURITIES  ACT OF  1933,  AS  AMENDED  ("SECURITIES  ACT"),  OR ANY  STATE
SECURITIES LAWS AND NEITHER SUCH SHARES NOR ANY INTEREST THEREIN MAY BE OFFERED,
SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS A REGISTRATION STATEMENT
WITH RESPECT  THERETO IS EFFECTIVE  UNDER THE  SECURITIES ACT AND ANY APPLICABLE
STATE SECURITIES LAWS, OR PURSUANT TO AN EXEMPTION FROM  REGISTRATION  UNDER THE
SECURITIES ACT."

                                       1
<PAGE>
     REPRESENTATIONS  AND  WARRANTIES  OF THE  SELLER.  Where  a  representation
contained in this  Agreement is qualified by the phrase "to the best of Seller's
knowledge"  (or words of similar  import),  such  expression  means that,  after
having conducted a due diligence review, the Seller believes the statement to be
true,  accurate and complete in all material  respects.  Knowledge  shall not be
imputed nor shall it include any matters  which such person should have known or
should have been reasonably  expected to have known.  The Seller  represents and
warrants to the Purchaser as follows:

     POWER AND  AUTHORITY.  The Seller has full power and  authority to execute,
deliver  and  perform  and  deliver  this  Agreement  and all other  agreements,
certificates  or documents to be delivered in  connection  herewith,  including,
without   limitation,   the  other   agreements,   certificates   and  documents
contemplated hereby (collectively the "Other Agreements").

     BINDING EFFECT.  Upon execution and delivery by the Seller,  this Agreement
shall be and constitute the valid,  binding and legal obligations of the Seller,
enforceable  against the Seller in accordance with the terms hereof and thereof,
except as the  enforceability  hereof or thereof may be subject to the effect of
(i) any applicable bankruptcy, insolvency, reorganization, moratorium or similar
laws  relating to or affecting  creditors'  rights  generally,  and (ii) general
principles of equity (regardless of whether such enforceability is considered in
a proceeding in equity or at law).

     EFFECT.  Neither the  execution  and  delivery of this  Agreement  nor full
performance  by the  Seller of its  obligations  hereunder  or  thereunder  will
violate or breach, or otherwise  constitute or give rise to a default under, the
terms or  provisions of the Articles of  Incorporation  or Bylaws of the Company
or, of any contract, commitment or other obligation of the Company or the Seller
or necessary for the operation of the Company following the Closing or any other
contract, commitment or other obligation to which the Seller or the Company is a
party,  or create or result in the  creation  of any  encumbrance  on any of the
property  of the  Company  other than what is  disclosed  in  Schedule A and the
accompanying  footnotes.  The  Company is not in  violation  of its  Articles of
Incorporation,  as amended,  its Bylaws,  as  amended,  or of any  indebtedness,
mortgage,  contract,  lease, or other agreement or commitment other than what is
disclosed in Schedule A and the accompanying footnotes.

     NO CONSENTS.  No consent,  approval or  authorization  of, or registration,
declaration or filing with any third party,  including,  but not limited to, any
governmental  department,  agency,  commission or other  instrumentality,  will,
except such consents,  if any, delivered or obtained on or prior to the Closing,
be  obtained  or made by the  Seller  prior  to the  Closing  to  authorize  the
execution, delivery and performance by the Seller of this Agreement or the Other
Agreements which are listed on Schedule A and the accompanying footnotes

     STOCK OWNERSHIP OF THE SHARES TO BE SOLD BY THE SELLER.  The Seller, who is
the only  legal  and  beneficial  owner of the  Stock,  has good,  absolute  and
marketable title to 200,000 shares of the Company Stock which constitute 100% of
the  issued  and  outstanding  shares of the  Company  Stock.  The shares of the
Company Stock to be sold by the Seller hereunder constitute all of the shares of
the  Company  Stock of the  Company  owned by the  Seller.  The  Seller  has the
complete and unrestricted right, power and authority to cause the sale, transfer
and assignment of the Company Stock pursuant to this Agreement.  The delivery of
the  Company  Stock to the  Purchaser  as herein  contemplated  will vest in the
Purchaser good, absolute and marketable title to the shares of the Company Stock
as  described  herein,  free and clear of all liens,  claims,  encumbrances  and
restrictions  of every kind,  except those  restrictions  imposed by  applicable
securities  laws.  No one  affiliated  with the  Seller or any of its  officers,

                                       2
<PAGE>
directors or principal  stockholders owns any shares of the Company Stock, other
than the Company Stock owned by the Seller.

     ORGANIZATION  AND STANDING OF THE COMPANY.  The Company is a duly organized
and validly  existing  Nevada  corporation in good standing,  with all requisite
corporate  power and authority to carry on its business as presently  conducted.
Purchaser  agrees that Seller has  provided a copy of  Certificate  of Existence
with Status in Good Standing as of January 31, 2007 prior to the signing of this
Agreement.  Currently, the Company is registered to do business in Nevada and in
no other jurisdiction.

     SUBSIDIARIES.  The  Company  has  the  following  subsidiaries;  Scottsdale
Diecast, Inc., and Quadriga MotorSports, Inc. The Company also has the following
divisions;  Pit Stop Studios and Drivers  Digs.  The Purchaser has received full
disclosure  to include a copy of the  Company's  filed  Definitive  Schedule 14C
Information  statement  stipulating  its plans to issue a stock  dividend of the
Company's subsidiary,  Scottsdale Diecast, Inc., to shareholders of the Company.
A turn of events has caused the  Company to sell its web site  WWW.SCALECARS.COM
and divest its interest in the die cast model car business. Quadriga MotorSports
is currently  marketing a line of car care  products,  but generates very little
revenue  for the  Company.  Both  PitStop  Studios  and  Drivers  Digs  generate
insignificant  revenue and represent less than 1% of annual gross revenue to the
Company.  Since the Company has deemed it  imprudent  to carry out the  proposed
stock dividend of Scottsdale Diecast,  Inc., the Company will notify Nasdaq that
it will not follow through on such dividend.

     CAPITALIZATION  AND OTHER OUTSTANDING  SHARES. The Company is authorized by
its Articles of Incorporation to issue  500,000,000  shares of the Common Stock,
$.001 par value per share and 200,000 shares of Series C Preferred  Stock. As of
the  date of this  Agreement,  the  Company  has  duly and  validly  issued  and
outstanding, fully paid and non-assessable, 4,368,678 shares of the Common Stock
and 200,000 shares of the Series C Preferred  Stock. The Company intends to file
a Form S-8 registration  statement covering 1,000,000 shares of its common stock
for issuance under the Company's 2007 Employee and  Consultant  Stock  Incentive
Plan ("New form S-8"). With the exception of what is disclosed in Schedule A and
the  accompanying  footnotes  or  pursuant  to the New Form  S-8,  there  are no
outstanding  options,  contracts,  commitments,   warrants,  preemptive  rights,
agreements or any rights of any  character  affecting or relating in any manner,
including without limitation, with respect to the voting, sale, transfer, rights
of first refusal, rights of first offer, proxy or registration or calls, demands
or commitments of any kind, to the issuance of any common or preferred  stock of
the Company or other  securities  or  entitling  anyone to acquire the common or
preferred stock or other securities of the Company, whether directly or upon the
exercise or conversion of other  securities with the exception of 96 preferred A
share that are  convertible  into 19,200 shares of the  Company's  common stock.
Additionally,  Tracey Baron has a promissory  note for a total of $5,500 that is
due on April 23,  2006.  The Company can convert the debt into $10,000 of common
stock of the Company.  Also, with the exception of what is disclosed in Schedule
A and the accompanying footnotes or pursuant to the New Form S-8, there are, and
at the Closing  there will be, no  outstanding  contractual  obligations  of the
Seller or the Company to repurchase,  redeem or otherwise  acquire any shares of
their  respective  capital stock or to provide funds to, or make any  investment
(in the form of a loan, capital  contribution or otherwise) in, any other entity
or person. Upon Closing, the investors who have delivered the three Subscription
Agreements described in the Footnotes section of Schedule will have the right to
rescind  their  subscriptions  and  receive a full  refund  of their  collective
$75,000 in subscription  funds.  The  subscription  agreements are signed by the
investors but not by the Company. There are no anti-dilution or price adjustment

                                       3
<PAGE>
provisions contained in any security issued by the Company with the exception of
what is disclosed in Schedule A and the accompanying footnotes.

     TAXES. All federal,  state,  local or foreign return,  report,  information
return or other document (including any related or supporting information) filed
or  required  to be filed  with any  governmental  body in  connection  with the
determination,  assessment or collection of any Taxes (as defined  below) or the
administration of any laws, regulations or administrative  requirements relating
to any returns that are or were required to be filed by the Company, pursuant to
the laws or  administrative  requirements of each  governmental body with taxing
power over it or its  assets  have been duly  filed as of the  Closing  with the
exception of the  Company's  2006  Federal and State  returns that will be filed
upon the completion of the Company's 2006 audited financials.  "Taxes" means all
taxes, charges, fees, imposts, levies or other assessments,  including,  without
limitation,  all net income,  gross receipts,  capital,  sales, use, ad valorem,
value added, transfer,  franchise,  profits, inventory,  capital stock, license,
withholding,   payroll,  employment,  social  security,  unemployment,   excise,
severance, stamp, occupation,  property but not estimated taxes, customs duties,
fees, assessments and charges of any kind whatsoever, together with any interest
and any penalties,  fines, additions to tax or additional amounts imposed by any
governmental  body and shall  include  any  transferee  liability  in respect of
Taxes. As of the Closing there is no audit, action,  suit, claim,  proceeding or
any investigation or inquiry, whether formal or informal, public or private, now
pending or  threatened  against or with respect to the Company in respect of any
Tax that the Company has been made aware.  As of the Closing there exists no tax
assessment,  proposed  or  otherwise,  against the Company or any lien for Taxes
against any assets or property of the Company.  All Taxes that the Company is or
was required to withhold or collect  have been duly  withheld or collected as of
Closing and, to the extent required,  have been paid to the proper  governmental
body. The Company is not a party to, bound by or subject to any obligation under
any tax sharing, tax indemnity,  tax allocation or similar agreement. The Seller
is unaware of any claim, audit, action,  suit,  proceeding or investigation with
respect to Taxes due or claimed to be due from the  Company or of any Tax Return
filed or required to be filed by the Company  pending or  threatened  against or
with respect to the Seller or the Company as of the Closing  with the  exception
of the  Company's  2006  Federal  and  State  taxes  that  will be  filled  upon
completion of the Company's 2006 audited financials.

     LITIGATION.  Except as set forth in Schedule  A, there is no action,  suit,
hearing,  inquiry, review, proceeding or investigation by or before any court or
governmental body pending,  or threatened against or involving the Company,  its
affiliates  or the Seller or with respect to the  activities  of any employee or
agent of the Company.  Except as set forth in Schedule A, neither the Seller nor
the  Company  has  received  any notice of any event or  occurrence  which could
result  in any such  action,  suit,  hearing,  inquiry,  review,  proceeding  or
investigation.

     RECORDS. As of March 14, 2007, the books of account and minute books of the
Company  are  complete  and  correct  to the  best  of  Seller's  and  Company's
knowledge,  and reflect all those transactions involving the Company's business,
which properly should have been set forth in such books.

     INTERNAL  ACCOUNTING  CONTROLS.  The Company maintains a system of internal
accounting  controls  sufficient,  in the  judgment  of the  Company's  board of
directors, to provide reasonable assurance that (i) transactions are executed in
accordance  with   management's   general  or  specific   authorizations,   (ii)
transactions  are  recorded as  necessary  to permit  preparation  of  financial
statements in conformity with generally  accepted  accounting  principles and to
maintain  asset  accountability,  (iii)  access to assets is  permitted  only in

                                       4
<PAGE>
accordance  with  management's  general or specific  authorization  and (iv) the
recorded  accountability  for assets is  compared  with the  existing  assets at
reasonable  intervals  and  appropriate  action  is taken  with  respect  to any
differences.  To the best of the  Seller's  knowledge,  the  books  of  account,
corporate  records and minute  books of the Company are  complete and correct in
all material respects from September 30, 2004 to present.

     STOCK  ISSUANCES.  AS OF SEPTEMBER 30, 2004.  Since September 30, 2004, all
issuances  by the Company of its stock have been  legally and validly  effected.
All of the offerings were conducted in strict  accordance and in full compliance
with the  requirements  of the  Securities  Act of  1933,  as  amended,  and the
Securities  Exchange  Act of  1934,  as  amended,  as  applicable,  and in  full
compliance with and according to the  requirements of state law and the Articles
of Incorporation and By-laws of the company.

     ANTI-TAKEOVER  PLAN; STATE TAKEOVER STATUTES.  Other than what is set forth
and disclosed in Schedule A and the accompanying footnotes,  neither the Company
nor  any  of  its  subsidiaries  has in  effect  any  plan,  scheme,  device  or
arrangement,   commonly   or   colloquially   known  as  a   "poison   pill"  or
"anti-takeover"  plan or similar plan, scheme,  device or arrangement.  No other
state takeover  statute or similar statute or regulation  applies or purports to
apply to this agreement or the transactions contemplated hereby.

     THE SELLER'S  REPRESENTATIONS AND WARRANTIES TRUE AND COMPLETE. To the best
of  the  Seller's  knowledge,  in  all  material  respects  as of  the  Closing.
representations  and  warranties  of the  Seller  in this  Agreement  are  true,
accurate and complete,

     NO KNOWLEDGE OF THE  PURCHASER'S  DEFAULT.  Except for what is set forth in
Schedule A and the accompanying footnotes,  the Seller has no knowledge that any
of the Purchaser's representations and warranties contained in this Agreement or
the Other Agreements are untrue,  inaccurate or incomplete or that the Purchaser
is in  default  under  any term or  provision  of this  Agreement  or the  Other
Agreements.

     NO UNTRUE  STATEMENTS.  No representation or warranty by the Seller in this
Agreement  or in any  writing  furnished  or to be  furnished  pursuant  hereto,
contains or will contain any untrue  statement of a material fact, or omits,  or
will omit to state any material fact required to make the  statements  herein or
therein contained not misleading.

     RELIANCE.  The foregoing  representations  and  warranties  are made by the
Seller with the knowledge and expectation that the Purchaser is placing complete
reliance thereon.

     ISSUANCES  OF  SECURITIES.  Other than what the  Company  is  contractually
obligated  to perform  under the  disclosure(s)  set forth in Schedule A and the
accompanying  footnotes  and in the New form S-8, the Company will not issue any
shares  of its  capital  stock,  issue  or  create  any  warrants,  obligations,
subscriptions, options, convertible securities, or other commitments under which
any  additional  shares of its  capital  stock of any class might be directly or
indirectly authorized,  issued, or transferred from treasury, or agree to do any
of the acts listed above

     REPRESENTATIONS  AND  WARRANTIES OF THE PURCHASER.  Where a  representation
contained  in this  Agreement  is  qualified  by the  phrase "to the best of the
Purchaser's knowledge" (or words of similar import), such expression means that,
after  having  conducted a due  diligence  review,  the  Purchaser  believes the
statement to be true, accurate, and complete in all material respects. Knowledge
shall not be imputed nor shall it include any matters  which such person  should

                                       5
<PAGE>
have known or should have been reasonably  expected to have known. The Purchaser
hereby represents and warrants to the Seller as follows:

     POWER AND AUTHORITY. The Purchaser has full power and authority to execute,
deliver and perform this Agreement and the Other Agreements.

     BINDING  EFFECT.  Only upon payment in full and  satisfaction  of all items
listed in the column  named  "Net  Balance  Paid In Cash" on  Schedule A and the
footnotes  attached  herein,  the execution and delivery by the Purchaser,  this
Agreement  shall be and constitute the valid,  binding and legal  obligations of
the Purchaser  enforceable  against the  Purchaser in accordance  with the terms
hereof or  thereof,  except as the  enforceability  hereof  and  thereof  may be
subject  to  the   effect  of  (i)  any   applicable   bankruptcy,   insolvency,
reorganization,  moratorium or similar laws relating to or affecting  creditors'
rights generally,  and (ii) general  principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law).

     NO CONSENTS.  No consent,  approval or  authorization  of, or registration,
declaration or filing with any third party,  including,  but not limited to, any
governmental  department,  agency,  commission or other  instrumentality,  will,
except such consents,  if any, delivered or obtained on or prior to the Closing,
be  obtained or made by the  Purchaser  prior to the  Closing to  authorize  the
execution,  delivery and  performance  by the Purchaser of this Agreement or the
Other Agreements.

     THE  PURCHASER'S  REPRESENTATIONS  AND  WARRANTIES  TRUE AND COMPLETE.  All
representations  and  warranties  of the  Purchaser in this  Agreement are true,
accurate and complete in all material respects as of the Closing.

     NO KNOWLEDGE OF THE SELLER'S DEFAULT.  Except what is set forth in Schedule
A and the accompanying footnotes the Purchaser has no further knowledge that any
of the Seller's  representations and warranties  contained in this Agreement are
untrue, inaccurate or incomplete in any respect or that the Seller is in default
under any term or provision of this Agreement..

     NO UNTRUE  STATEMENTS.  No  representation  or warranty by the Purchaser in
this Agreement or in any writing  furnished or to be furnished  pursuant hereto,
contains or will contain any untrue  statement of a material fact, or omits,  or
will omit to state any material fact required to make the  statements  herein or
therein contained not misleading.

     RECEIPT  AND  REVIEW  OF DUE  DILIGENCE  MATERIALS.  The  Purchaser  hereby
acknowledges,  represents  and  warrants  that the  Purchaser  has  received and
reviewed all Form 8-Ks, Form 10-QSBs,  Form 10-KSBs, Form S-8s and Schedule 14Cs
filed by the Company during the past three (3) years,  as well as all Forms 3, 4
and 5 and Schedule 13Ds filed by the Company's officers,  directors,  affiliates
and major  shareholders  during the past three (3) years. The Purchaser has been
given  unfettered  access  to the  management,  assets,  liabilities,  books  of
account,  stock  transfer  records of the Company and has received  satisfactory
answers to any and all  questions  the  Purchaser  has asked or  inquired  about
during the course of conducting  the  Purchaser's  due diligence with respect to
this transaction.

     RELIANCE.  The foregoing  representations  and  warranties  are made by the
Purchaser with the knowledge and expectation that the Seller is placing complete
reliance thereon.

                                       6
<PAGE>
     CONDITIONS  PRECEDENT TO OBLIGATIONS OF THE PURCHASER.  All  obligations of
the Purchaser under this Agreement are subject to the  fulfillment,  prior to or
at the Closing, of the following conditions:

     REPRESENTATIONS AND WARRANTIES TRUE AT THE CLOSING. The representations and
warranties of the Purchaser herein shall be deemed to have been made again as of
the Closing,  and then be true and correct,  subject to any changes contemplated
by this Agreement.  The Purchaser shall have performed all of the obligations to
be performed by it hereunder on or prior to the Closing.

     DELIVERIES AT THE CLOSING. The Purchaser shall have delivered to the Seller
at the Closing all checks  backed by good funds  required for full  satisfaction
and payment of all items  listed in the column  named "Net Balance Paid In Cash"
on Schedule A and the accompanying footnotes .

     CONDITIONS  PRECEDENT TO OBLIGATIONS OF THE SELLER.  All obligations of the
Seller under this Agreement are subject to the  fulfillment,  prior to or at the
Closing, of the following conditions:

     CORPORATE  RECORDS,  ETC. The Seller has provided  Purchaser with copies of
all  contracts  and  agreements  as set forth in  Schedule  A and the  footnotes
attached,  a copy of the Articles of  Incorporation,  Bylaws,  minute books, and
other  corporate  governance  that have been in the  Seller's  possession  since
September 30, 2004,  and such  documents will be turned over to Purchaser at the
Closing.

     REPRESENTATIONS  AND WARRANTIES TRUE AT CLOSING.  The  representations  and
warranties  of the Seller  herein shall be deemed to have been made again at the
Closing,  and then be true and correct,  subject to any changes  contemplated by
this  Agreement.  The Seller shall have  performed all of the  obligations to be
performed by it hereunder on or prior to the Closing.

     PAYMENT OF THE PURCHASE PRICE.  At or before  Closing,  the Purchaser shall
deliver checks backed by good funds to fully pay and satisfy all items listed in
the column named "Net  Balance Paid In Cash" on Schedule A and the  accompanying
footnotes  attached thereto.  Funds shall be valid and in good delivery no later
than two business days from Closing at which time  Certificate  No. C- 002 shall
be delivered to Purchaser or Purchaser's representative.

     EVIDENCE OF SATISFACTION. Purchaser shall deliver good deliverable funds at
Closing,  to satisfy the payment in full of all items listed on the  spreadsheet
in  the  column  named  "Net  Balance  Paid  In  Cash"  on  Schedule  A and  the
accompanying  footnotes.  Also,  Purchaser  shall  pay cash or issue  shares  of
registered  common  shares  to Seller  commencing  on or  before  July 31,  2007
continuing  for six (6) months in six equal  payments  of $7,250 as set forth on
Schedule A and the footnotes attached hereto.

     THE NATURE AND SURVIVAL OF REPRESENTATIONS,  COVENANTS AND WARRANTIES.  All
statements and facts  contained in any  memorandum,  certificate,  instrument or
other document  delivered by or on behalf of the parties hereto for  information
or  reliance  pursuant  to this  Agreement,  shall  be  deemed  representations,
covenants  and  warranties  by the  parties  hereto  under this  Agreement.  All
representations,  covenants  and  warranties  of the parties  shall  survive the
Closing and all  inspections,  examinations  or audits on behalf of the parties,
shall expire one year following the Closing.

                                       7
<PAGE>
     INDEMNIFICATION.

     Indemnification by Seller. The Seller agrees to indemnify and hold harmless
the  Purchaser  and its  affiliates  against  and in respect to all  damages (as
hereinafter  defined) up to the amount of the Purchase Price.  Damages,  as used
herein shall include any claim,  salary,  wage, action, tax, demand, loss, cost,
expense,  liability (joint or several),  penalty,  and other damage,  including,
without  limitation,  counsel  fees and  other  costs  and  expenses  reasonably
incurred in  investigating  or  attempting to avoid same or in opposition to the
imposition thereof,  or in enforcing this indemnity,  resulting to the Purchaser
from any intentional inaccurate  representation or omission made by or on behalf
of the Seller in or pursuant to this Agreement,  breach of any of the warranties
made by or on behalf of the Seller in or pursuant to this  Agreement,  breach or
default  in the  performance  by the  Seller  of  any of the  obligations  to be
performed by it hereunder.

     Notwithstanding  the scope set forth in the  attached  Schedules  A and the
accompanying  footnotes,  the Seller  represents and warranties herein or of any
individual representation or warranty, or any disclosure to the Purchaser herein
or pursuant  hereto,  or the  definition  of damages  contained in the preceding
sentence,  or the Purchaser's  knowledge of any fact or facts at or prior to the
Closing, damages shall also include all debts,  liabilities,  and obligations of
any nature that is not disclosed or set forth in Schedule A and the accompanying
footnotes as of the date hereof; all potential claims, actions, demands, losses,
costs,  expenses,  or liabilities  resulting from any potential  litigation from
causes of action  arising  prior to the Closing  involving  the Company has been
disclosed  as set  forth in  Schedules  A and the  accompanying  footnotes;  all
potential claims,  actions,  demands,  losses, costs,  expenses,  liabilities or
potential penalties  resulting from (i) the Company's potential  infringement or
potential claimed infringement upon or acting adversely to the rights or claimed
rights  of  any  person  under  or in  respect  to any  copyrights,  trademarks,
trademark  rights,  patents,  patent  rights  or  patent  licenses;  or (ii) any
potential  claim or potential  pending or threatened  action with respect to the
matters described in clause (i); all potential claims, actions, demands, losses,
costs, expenses, liabilities or potential penalties resulting from the Company's
failure in any respect to perform any obligation  required by it to be performed
at or prior to the Closing,  or by reason of any default of the Company,  at the
Closing, under any of the contracts,  agreements,  leases,  documents,  or other
commitments  to which  it is a party or  otherwise  bound or  affected;  and all
losses,   costs,  and  expenses  (including  without  limitation  all  fees  and
disbursements of counsel) relating to damages.

     The Seller shall reimburse and/or pay on behalf of the Purchaser and/or the
Company on demand for any payment  made or required to be made by the  Purchaser
and/or the Company at any time after the Closing  based upon the judgment of any
court of  competent  jurisdiction  or  pursuant  to a bona  fide  compromise  or
settlement  of claims,  demands or actions,  in respect to the damages that were
not  disclosed  by the Seller as set forth in  Schedules A and the  accompanying
footnotes. The Purchaser shall give, or the Purchaser shall cause the Company to
give,  the  Seller  written  notice  within 30 days  after  notification  of any
litigation  threatened or instituted  against the Company which might constitute
the basis of a claim for indemnity by the Purchaser  and/or the Company  against
the Seller.  Purchaser agrees that the maximum potential liability of the Seller
will be the value of the shares of  registered  common stock the  Purchaser  has
agreed to issue to the Seller on or before  July 31,  2007 as it is set forth in
Schedule A and the  accompanying  footnotes.  Seller shall not be liable for any
liabilities of or on behalf of the Purchaser or Company or its affiliates  after
the Purchaser issues Seller registered common shares.

     Notwithstanding  anything contained in this Agreement to the contrary,  the
right to  indemnification  described  in this  paragraph  shall expire three (3)
months after the Closing.

                                       8
<PAGE>
     Indemnification  by Purchaser.  The Purchaser  agrees to indemnify and hold
harmless the Seller,  the Company and its  affiliates  against and in respect to
all damages (as hereinafter defined).  Damages, as used herein shall include any
claim, salary, wage, action, tax, demand, loss, cost, expense,  liability (joint
or several), penalty, and other damage, including,  without limitation,  counsel
fees and other  costs and  expenses  reasonably  incurred  in  investigating  or
attempting  to avoid same or in  opposition  to the  imposition  thereof,  or in
enforcing  this  indemnity,  resulting  to the  Seller or the  Company  from any
intentional  inaccurate  representation  or omission made by or on behalf of the
Purchaser in or pursuant to this Agreement, breach of any of the warranties made
by or on behalf of the  Purchaser  in or pursuant to this  Agreement,  breach or
default in the  performance  by the  Purchaser of any of the  obligations  to be
performed by it hereunder.

     The Purchaser shall reimburse and/or pay on behalf of the Seller and/or the
Company  on demand for any  payment  made or  required  to be made by the Seller
and/or the Company at any time after the Closing  based upon the judgment of any
court of  competent  jurisdiction  or  pursuant  to a bona  fide  compromise  or
settlement of claims,  demands or actions, in respect to the damages incurred by
the Seller and/or the Company resulting from any  misrepresentation  or omission
of Purchaser in or related to this Agreement or for non-performance by Purchaser
of any of its covenants,  agreements or obligations  under this  Agreement.  The
Seller and/or the Company shall give the Purchaser written notice within 30 days
after notification of any litigation threatened or instituted against the Seller
and/or the Company which might  constitute the basis of a claim for indemnity by
the Seller and/or the Company against the Purchaser.

     RECORDS OF THE COMPANY.  For a period of five years  following the Closing,
the books of account and records of the Company  pertaining to all periods prior
to the  Closing  shall be  available  for  inspection  by the  Seller for use in
connection with tax audits or any event that is deemed material by the Seller.

     FURTHER CONVEYANCES AND ASSURANCES.  After the Closing,  the Seller and the
Purchaser  will,  without  further cost or expense to, or  consideration  of any
nature  from the  other,  execute  and  deliver,  or cause  to be  executed  and
delivered,  to the other,  such  additional  documentation  and  instruments  of
transfer and conveyance,  and will take such other and further  actions,  as the
other may reasonably request as more completely to sell,  transfer and assign to
and fully vest in the Purchaser ownership of the Company Stock and to consummate
the transactions contemplated hereby.

     CLOSING. The Closing of the sale and purchase contemplated  hereunder shall
be on or before March___2007,  subject to acceleration or postponement from time
to time as the Seller and the Purchaser may mutually agree.

     DELIVERIES AT THE CLOSING BY THE SELLER.  At the Closing,  the Seller shall
deliver to the Purchaser:

     Certificates  representing  200,000  shares  of  the  Company  Stock,  duly
endorsed by the Seller, free and clear of all liens, claims,  encumbrances,  and
restrictions  of every  kind  except  for the  restrictive  legend  required  by
Paragraph 3 hereof,  it being  understood by the parties that such  certificates
shall not be deliverable to Purchaser until good funds have been received by the
Seller for the Company Stock and the  liabilities  set forth on Schedule A under
the column named "Net Balance Paid in Cash" and the attached footnotes have been
paid in full.

                                       9
<PAGE>
     Seller will submit a letter of  resignation  for his  positions as CEO, CFO
and Director effective on or about April 2, 2007

     Rhonda  Keaveney will submit a letter of  resignation  for her positions of
secretary, COO and Director effective on or about April 2, 2007

     DELIVERIES AT THE CLOSING BY THE PURCHASER.  At the Closing,  the Purchaser
shall deliver to the Seller the following:

     Full payment and  satisfaction of all items listed in the column named "Net
Balance  Paid In Cash" on  Schedule A and the  accompanying  footnotes  attached
herein

     Agreement  that sets forth the payment of cash or  issuance  of  registered
common stock to the Seller  commencing on or before July 31, 2007 continuing for
six (6) months in six equal payments of $7,250.

     Purchaser   represents   it  is  his   intentions   with  the  Company  and
acknowledgment  of the Company's debts and its continuing  obligation to satisfy
the debts pursuant to Schedule A attached and the footnotes hereinto.

     NO ASSIGNMENT.  This Agreement shall not be assignable by any party without
the prior written  consent of the other parties,  which consent shall be subject
to such parties' sole, absolute and unfettered discretion.

     BROKERAGE.  The  Seller  and the  Purchaser  agree  to  indemnify  and hold
harmless each other against, and in respect of, any claim for brokerage or other
commissions relative to this Agreement, or the transactions contemplated hereby,
based in any way on agreements,  arrangements,  understandings or contracts made
by either party with a third party or parties whatsoever.

     MEDIATION  AND  ARBITRATION.  All  disputes  arising  or  related  to  this
Agreement  must  exclusively  be  resolved  first by  mediation  with a mediator
selected by the parties, with such mediation to be held in Scottsdale,  Arizona.
If such  mediation  fails,  then any such  dispute  shall be resolved by binding
arbitration under the Commercial  Arbitration Rules of the American  Arbitration
Association in effect at the time the arbitration  proceeding commences,  except
that (a) Arizona law and the Federal  Arbitration  Act must govern  construction
and effect,  (b) the locale of any arbitration  must be in Scottsdale,  Arizona,
and (c) the arbitrator must with the award provide written  findings of fact and
conclusions  of law. Any party may seek from a court of  competent  jurisdiction
any  provisional  remedy that may be  necessary  to protect its rights or assets
pending the selection of the arbitrator or the arbitrator's determination of the
merits of the controversy.  The exercise of such arbitration rights by any party
will not preclude  the exercise of any  self-help  remedies  (including  without
limitation,  setoff  rights) or the  exercise  of any  non-judicial  foreclosure
rights. An arbitration award may be entered in any court having jurisdiction.

     ATTORNEY'S FEES. In the event that it should become necessary for any party
entitled  hereunder to bring suit against any other party to this  Agreement for
enforcement  of the covenants  contained in this  Agreement,  the parties hereby
covenant and agree that the party or parties who are found to be in violation of
said covenants shall also be liable for all reasonable attorney's fees and costs
of court incurred by the other party or parties that bring suit.

                                       10
<PAGE>
     BENEFIT.  All the terms and provisions of this  Agreement  shall be binding
upon and  inure to the  benefit  of and be  enforceable  by each of the  parties
hereto,   and  his  respective  heirs,   executors,   administrators,   personal
representatives, successors and permitted assigns.

     NOTICES. All notices, requests, demands, and other communications hereunder
shall be in writing and delivered  personally or sent by registered or certified
United  States  mail,  return  receipt  requested  with postage  prepaid,  or by
telecopy or e-mail,  if to the Seller,  addressed to 7525 E. Williams Road Suite
B,  Scottsdale,  AZ 85255 and if to the  Purchaser,  addressed to Kenneth  Yeung
17800 Castleton Street,  Suite 630 City of Industry,  CA 91748. Any party hereto
may change its address upon 10 days'  written  notice to any other party hereto.
Purchaser  shall  deliver  at  Closing a $10,000  check  made  payable  to David
Keaveney  with all funds to be satisfy  listed in the column  named "Net Balance
Paid In Cash" on Schedule A and the accompanying footnotes attached herein to be
deliver to the Company's bank account.

     CONSTRUCTION.  Words of any gender used in this Agreement shall be held and
construed to include any other gender, and words in the singular number shall be
held to  include  the  plural,  and vice  versa,  unless  the  context  requires
otherwise.

     WAIVER. No course of dealing on the part of any party hereto or its agents,
or any failure or delay by any such party with respect to exercising  any right,
power or privilege of such party under this Agreement or any instrument referred
to herein shall operate as a waiver thereof,  and any single or partial exercise
of any such right,  power or privilege  shall not  preclude  any later  exercise
thereof or any  exercise of any other  right,  power or  privilege  hereunder or
thereunder.

     CUMULATIVE  RIGHTS.  The  rights  and  remedies  of any  party  under  this
Agreement and the instruments executed or to be executed in connection herewith,
or any of them,  shall be cumulative and the exercise or partial exercise of any
such right or remedy  shall not  preclude  the  exercise  of any other  right or
remedy.

     INVALIDITY.  In the event any one or more of the  provisions  contained  in
this Agreement or in any instrument referred to herein or executed in connection
herewith shall, for any reason, be held to be invalid,  illegal or unenforceable
in any respect,  such  invalidity,  illegality,  or  unenforceability  shall not
affect the other provisions of this Agreement or any such other instrument.

     INCORPORATION BY REFERENCE. The Attachments and Schedules to this Agreement
referred to or included herein  constitute  integral parts to this Agreement and
are incorporated into this Agreement by this reference.

     CONTROLLING  AGREEMENT.  In the event of any conflict  between the terms of
this Agreement or exhibits referred to herein, the terms of this Agreement shall
control.

     LAW  GOVERNING;  JURISDICTION.  This  Agreement  shall be  governed  by and
construed in accordance  with the laws of the State of Arizona without regard to
any conflicts of laws provisions thereof.  Each party hereby irrevocably submits
to the personal  jurisdiction  of the United States  District Court for Maricopa
County, Arizona, as well as of the Courts of the State of Arizona over any suit,
action or proceeding  arising out of or relating to this  Agreement.  Each party
hereby irrevocably waives, to the fullest extent permitted by law, any objection
which  it may now or  hereafter  have to the  laying  of the  venue  of any such
mediation,  arbitration,  suit, action or proceeding  brought in any such county

                                       11
<PAGE>
and any claim that any such mediation,  arbitration,  suit, action or proceeding
brought in such county has been brought in an inconvenient forum.

     MULTIPLE  COUNTERPARTS.  This  Agreement  may be  executed  in one or  more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.  A facsimile transmission
of this signed Agreement shall be legal and binding on all parties hereto.

     ENTIRE  AGREEMENT.  This instrument and the attachments  hereto contain the
entire  understanding of the parties and may not be changed orally,  but only by
an instrument in writing  signed by the party  against whom  enforcement  of any
waiver, change, modification, extension, or discharge is sought.

                             SIGNATURE PAGE FOLLOWS

<PAGE>

           IN WITNESS  WHEREOF,  this  Agreement  has been  executed on the date
first written above.

                                 FOR: SELLER

                                 By /s/ David Keaveney
                                   ---------------------------------------------
                                   David Keaveney

                                 FOR: PURCHASER

                                 By /s/ Kenneth Yeung
                                   ---------------------------------------------
                                   Kenneth Yeung

                                 FOR: ROBERT C. BREHM NOTE HOLDER

                                 Accepted and Authorized

                                 By /s/ Robert C. Brehm
                                   ---------------------------------------------
                                   Robert C. Brehm

                                 FOR IAC NOTE HOLDER

                                 Accepted and Authorized

                                 By /s/ Robert C Brehm
                                   ---------------------------------------------
                                   Robert C. Brehm for IAC

                                 FOR: MOTORSPORTS EMPORIUM, INC.

                                 By /s/ David Keaveney
                                   ---------------------------------------------
                                   David Keaveney
                                   Its President, CEO, CFO and Director

                                       12
<PAGE>
MOTOR SPORTS EMPORIUM - MSEM                                          SCHEDULE A
3/14/2007 V5

<TABLE>
<CAPTION>

                                                        Due up to         Due             Due           Due
#       Total Liabilities             Amount Due        March 2         March 9         March 16      March 23
--      -----------------             ----------        -------         -------         --------      --------
<S>                                  <C>              <C>              <C>            <C>             <C>
1    ACCOUNTS PAYABLES
2    Allen & Vellone (law firm)      $ 20,488.19      $ 20,488.19
3    HJ & Associates (auditor)       $ 16,376.33      $  8,376.33
4    AZ Dept of Revenue              $  1,515.59      $  1,515.59
5    City of Scottsdale              $     50.00      $     50.00
6    UPS                             $    795.09      $    505.09      $  290.00
7    US Treasury                     $    343.40                                      $   171.70
8    Business Wire                   $    570.00      $    570.00
9    Eaton & Associates              $  4,149.03      $  4,149.03
10   David Wise (attorney)           $ 17,213.98      $  6,112.50
11   Qwest                           $     --
12   Salaries                        $  1,581.40                                      $   790.70
12A  David/Rhonda Salaries                                                            $ 9,461.54
13   Internet                        $    121.00                                                      $  121.00
14   Hughes Accounting               $    700.00                                      $   350.00
15   Rent                            $  3,166.44
16   Expenses                        $  1,964.12                                                      $1,964.12
17   Rivers/Moorehead                $  7,000.00                       $5,000.00

18   TOTAL ACCOUNTS PAYABLES         $ 76,034.57      $ 41,766.73      $5,290.00      $10,773.94      $2,085.12

19   ACCRUED EXPENSES
20   Tom Sawyer & Tony Cranford      $ 60,000.00      $ 60,000.00
21   Brehm Consulting Debt           $114,000.00      $114,000.00
22   X-Clearing Judgement            $ 40,649.06      $ 40,649.06
23   Bryan Herta (Consulting)        $  9,233.00      $  9,233.00

24   ACCRUED WAGES PAYABLE
25   David                           $ 85,787.70      $ 85,787.70
26   Rhonda                          $ 49,615.35      $ 49,615.35

                                          Due                                        Gross
                                       March 30       Write Offs          Paid         Amount Due
                                       --------       ----------          ----         ----------
1    ACCOUNTS PAYABLES
2    Allen & Vellone (law firm)                      $ (8,388.19)                      $12,100.00
3    HJ & Associates (auditor)        $ 8,000.00                      $ (8,376.33)     $ 8,000.00
4    AZ Dept of Revenue                                               $ (1,515.59)     $    --
5    City of Scottsdale                                               $    (50.00)     $    --
6    UPS                                                              $   (419.62)     $   375.47
7    US Treasury                      $   171.70                                       $   343.40
8    Business Wire                                                    $   (570.00)     $    --
9    Eaton & Associates                                               $ (4,149.03)     $    --
10   David Wise (attorney)            $11,101.48                                       $17,213.98
11   Qwest                                                                             $    --
12   Salaries                         $   790.70                                       $ 1,581.40
12A  David/Rhonda Salaries            $ 9,461.54                                       $18,923.08
13   Internet                                                                          $   121.00
14   Hughes Accounting                $   350.00                                       $   700.00
15   Rent                             $ 3,166.44                                       $ 3,166.44
16   Expenses                                                                          $ 1,964.12
17   Rivers/Moorehead                 $ 2,000.00                      $ (3,000.00)     $ 4,000.00

18   TOTAL ACCOUNTS PAYABLES          $35,041.86     $ (8,388.19)     $(18,080.57)     $68,488.89

19   ACCRUED EXPENSES
20   Tom Sawyer & Tony Cranford                      $(60,000.00)                      $    --
21   Brehm Consulting Debt                           $(50,000.00)                      $64,000.00
22   X-Clearing Judgement                                                              $40,649.06
23   Bryan Herta (Consulting)                                                          $ 9,233.00

24   ACCRUED WAGES PAYABLE
25   David                                           $ 11,500.00      $ (5,000.00)     $92,287.70
26   Rhonda                                          $(11,500.00)                      $38,115.35
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                        Due up to         Due             Due           Due
#       Total Liabilities             Amount Due        March 2         March 9         March 16      March 23
--      -----------------             ----------        -------         -------         --------      --------
<S>                                  <C>              <C>              <C>            <C>             <C>
27   ACCRUED INTEREST
28   Interest on Ron Adam's Note      $  8,728.60      $  8,728.60

29   NOTE PAYABLE
30   Scott Cartwright                 $ 14,500.00      $ 14,500.00
31   Damascus Group                   $ 62,000.00      $ 62,000.00
32   Bob Brehm Note (2/21/07)         $ 31,139.14      $ 31,139.14
33   IAC Note (2/21/07)               $226,437.48      $226,437.48
34   Ron Adams Note                   $121,919.19      $121,919.19
35   Allen & Vellone (law firm)       $ 15,000.00      $ 15,000.00
36   Leif Nelson (lawyer)             $  6,499.96      $  6,499.96
37   William and Romy Hales           $ 23,000.00      $ 23,000.00
38   ECG International                $    900.00
39   KEAVENEY VOTING SHARES           $ 10,000.00      $ 10,000.00

TOTAL AMOUNTS                         $955,444.05      $920,276.21     $5,290.00        $10,773.94     $2,085.12

                                          Due                                             Gross
                                       March 30       Write Offs          Paid          Amount Due
                                       --------       ----------          ----          ----------
27   ACCRUED INTEREST                                                                   $  8,728.60
28   Interest on Ron Adam's Note

29   NOTE PAYABLE                                    $ (14,500.00)                      $     --
30   Scott Cartwright                                $ (62,000.00)                      $     --
31   Damascus Group                                                    $ (2,418.00)     $ 28,721.14
32   Bob Brehm Note (2/21/07)                                          $(17,582.00)     $208,855.48
33   IAC Note (2/21/07)                                                                 $121,919.19
34   Ron Adams Note                                  $  (6,100.00)                      $  8,900.00
35   Allen & Vellone (law firm)                                                         $  6,499.96
36   Leif Nelson (lawyer)                                                               $ 23,000.00
37   William and Romy Hales                                                             $    900.00
38   ECG International                                                                  $ 10,000.00
39   KEAVENEY VOTING SHARES
                                      $35,041.86     $(200,988.19)     $(43,080.57)     $729,398.37
TOTAL AMOUNTS
</TABLE>

Current Common Shares Outstanding   4,368,768.00

Restricted Shares Issued for Debt          --

S-8 Issued For Debt                 8,528,872.33

Restricted Issued For Service       3,500,000.00

Total Shares Issued/Oustanding      16,397,640.33

Disclaimer:
All prior worksheets,  including this attached worksheet,  are unaudited and are
presumed  to be  relatively  accurate.  The  worksheets  do  not  represent  any
guarantee of accuracy  therefore are used for  discussion  purposes  only.  Only
worksheets market AUDITED represent  reliable facts and figures to the company's
best ability.

SEE FOOTNOTES ATTACHED
<PAGE>
                            FOOTNOTES TO SCHEDULE A:

                              AS OF MARCH 14, 2007

ITEM 2: $20,488.19 Allen & Vellone legal bills for defending the Company against
its lawsuit against X-Clearing (item 22). Though no formal settlement  agreement
has been  reached,  the Company and Allen & Vellone (via Patrick  Russell)  have
discussed full  satisfaction of the debt in the form of restricted common shares
valued at approximately $12,100.

ITEM 3:  $8,000 is an  estimated  amount  that  will be due to HJ &  Associates,
Company's Auditors, to complete the 2006 10-KSB

ITEM 6: $375.47 due UPS

ITEM 7: $343.40 due US Treasury from the Salaries in Item 12

ITEM 10:  $17,213.98  December 21, 2005 the Company  entered into an  engagement
agreement  with the law offices of David E Wise.  The law firm accepts shares of
S-8 stock for payment of services.  Should  proceeds  received  from the sale of
securities be less than the invoice amount, additional shares shall be issued to
satisfy any deficiency.  The Company has a current balance due of $6,112.50 with
a deficiency of $11,101.48.

ITEM 12: $1,581.40 Salaries

ITEM 12A: $18,923.08 Salaries of David and Rhonda

ITEM 13: $121 Internet fee

ITEM 14: $700 Hughes Accounting

ITEM 15: $3,166.44 Total rent

ITEM 16: $1,964.12 Expense reimbursements

ITEM 17:  $4,000 is an  estimate  amount  that  Rivers &  Moorhead,  the Company
Controller, will charge to complete the Company's 2006 10-KSB

ITEM 20: $60,000 June 30, 2004, the Company,  its prior management Tony Cranford
and Tom Sawyer  along with  Robert C Brehm  entered  into a  Management  Service
Agreement.  On December 20, 2004 the Company,  its new management David Keaveney
and prior  management  Cranford and Sawyer  entered  into a General  Release and
Assignment  Agreement.  Cranford  and Sawyer were to receive a total of $100,000
for services;  however,  certain obligations and costs born by the Company would
reduce the debt  owed.  Cranford  and  Sawyer had a balance of $60,000  due them
until the  Company  was  served  with a lawsuit  from its prior  transfer  agent
X-Clearing.   Prior  management  was  aware  of  potential  liability  and  even
litigation but failed to disclose this within the Management  Service  Agreement
or the General Release and Assignment  Agreement.  The cost of the lawsuit is in
excess of $60,000 and on December  29, 2006 the  Company's  attorney  rendered a
legal opinion that the Company is no longer liable for this debt.  However,  the
legal  opinion was  intended for  negotiating  with the  Company's  auditors and
cannot be relied on by the  Company or the  Purchaser  and the  Company  and the
Purchaser  waive any and all rights against the law firm arising from such legal
opinion.
<PAGE>
ITEM 21:  $144,000 In November  16, 2005 the Company  entered  into a Consulting
Agreement with Robert Brehm whereby Mr. Brehm would perform  services in receipt
of cash, restricted common stock or a combination. The debt due and owing to Mr.
Brehm  which is believed to be a  combination  a current and a prior  consulting
balance due to Mr. Brehm.  Once the Company completes its 2006 10-KSB audit, the
Company can verify and confirm an exact amount due to Mr. Brehm.

ITEM 22: $40,639.06 In June 2006 the Company lost a lawsuit in Colorado (Case No
05-CV5129) against its former transfer agent X-Clearing.  X-Clearing was awarded
judgments and on November 27, 2006 case No.  CV2006-018061  was  domesticated in
Arizona  for  attorney's  fees  of  $19,231  and  a one  time  charge  of  $912.
Additionally,  case No.  CV2006-018060 was domesticated for the principal amount
of $20,496.06 for costs. The Company has communicated  with X-Clearing to settle
the judgment but nothing has been agreed to in writing.

ITEM 23: $9,200 On September 25, 2005 the Company and Bryan Herta Racing entered
into a Personal  Service  Agreement  whereby Bryan Herta would  perform  certain
services for the Company for the 2006 racing series.  Scheduled payments were to
be made to Bryan Herta starting February 2006 thru Nov. 2006. Mr. Herta received
shares of the  Company's  registered  common  stock and the Company is currently
delinquent in issuing/paying  Mr. Herta the balance of approximately  $9,200 and
has agreed to receive  shares of register  common stock in the Company for final
payment. Mr. Herta has reported the approximate balance of $9,200 the Company is
showing is incorrect  due to the decline in share price from time of issuance to
time of sale. The Company's current management has a personal  relationship with
Mr. Herta and will work directly  with him and hold the Company  harmless of any
debt over the stated $9,200.

ITEM 25:  $80,787,  WITH AN ADJUSTED  AMOUNT DUE OF  $92,287.70  David  Keaveney
accrued wages.  $48,787.70 is immediately  due with the balance of $43,500 to be
paid in cash or issuance of registered  common stock to the Seller commencing on
or before July 31, 2007  continuing  for six (6) months in six equal payments of
$7,250.  Seller  agrees to forfeit the  registered  shares should the 10K not be
filed in compliance with the deadlines.

ITEM 26:  $49,615.35 WITH AN ADJUSTED  AMOUNT DUE OF $38,115.35  Rhonda Keaveney
accrued wages to be immediately paid.

ITEM 28: $8,728.60 Interest on Ron Adams Note.

ITEM 30: $14,500 On or around 2002 Scott  Cartwright  made a $14,500  investment
into the Company  formally  known as Ten Stix,  Inc.  Past Company  filings show
$14,500 owed to Mr. Cartwright.  Only recently did the Company discover transfer
agent  records  that reveal the issuance of common  stock to Mr.  Cartwright  in
excess of $14,500.  Current  management is unaware of any written  requests from
Mr.  Cartwright  to collect  debt.  On December 29, 2006 the Company  received a
legal  opinion from its attorney  stating the $14,500 was  satisfied and paid in
full as a result of shares issued.  However,  the legal opinion was intended for
negotiating  with the Company's  auditors and cannot be relied on by the Company
or the  Purchaser  and the  Company and the  Purchaser  waive any and all rights
against the law firm arising from such legal opinion.

ITEM 31:  $62,000 On or around  2002  Damascus  invested  $47,000 and Rob & Jodi
Stevens  (owners of Damascus and X-Clearing)  invested  $15,000 into the Company
formally  known as Ten Stix,  Inc.  The total debt of $62,000 has been  reported
under  Damascus  and none under Rob & Jodi  Stevens  (personally).  The  Company
recently  discovered  transfer  agent records that reveal the issuance of common
<PAGE>
stock to Damascus.  It was also reports in the Company's 10K in 2003 that shares
were issued to Damascus  to satisfy the debt.  On December  29, 2006 the Company
received a legal  opinion  from its  attorney  stating  the  $47,000 and $15,000
($62,000)  can be legally  considered  satisfied and paid in full as a result of
the issuance of shares.  However, the legal opinion was intended for negotiating
with the  Company's  auditors  and  cannot be relied  on by the  Company  or the
Purchaser and the Company and the Purchaser waive any and all rights against the
law firm arising from such legal opinion.

ITEMS 32 & 33:  $31,139.14 AND $226,437 August 21, 2006 the Company entered into
a Twelve Month Convertible Note with IAC (owned by Mr. Brehm) and Bob Brehm. The
Company purchased  1,250,000 shares of Pf B stock held by IAC and 171,897 shares
of Pf B stock  held by Bob Brehm for a sum of  $250,000  plus 10%  interest  per
annum.  Scheduled  payments are to be made with the balance due August 30, 2007.
The Company can extend the Note twice for an additional  year with penalties and
a higher monthly  payment.  The Company is current with all scheduled  payments.
The Note is fully assignable, in whole or in part, and any new HOLDERS will have
the same rights and privileges as the original HOLDERS.

ITEM 34: $121,919.19  November 23, 2004 the Company,  its subsidiary  Scottsdale
Diecast,  Inc. and Ron Adams of  ScaleCars,  Ltd entered into an Asset  Purchase
Agreement,  Bill of Sale and  Promissory  Note for the sum of 4.9M shares of the
Company common restricted stock and $166,919.89.  The Promissory note called for
scheduled  payments in which the Company had  difficulty  meeting so the parties
entered into a revised  promissory  Note on  September  22, 2006  extending  the
balance of  $121,919.89  with scheduled  payments and the remaining  balance due
February 2007. On October 16, 2006 the Company,  its subsidiary and the creditor
(Adams) entered into an Assignment, Assumption and Release Agreement whereby the
creditor will solely look towards the Company (not the  subsidiary) for all debt
payments. Adams has expressed interest in converting the Note into common stock.
No formal arrangements have been made to convert debt into equity.

ITEM 35:  $15,000 July 28, 2005 the Company  entered  into a Settlement  of Debt
Agreement  with Allen & Vellone law firm for  representing  the Company in April
2004 in the "Rapid  Funding,  LLC vs. Ten Stix,  Inc. et al., Case No 04-CV-0461
("Rapid  Funding  Litigation").   The  Company  incurred  substantial  fees  and
expenses,  which as of June 30, 2005 was  $33,254.64.  Allen & Vellone agreed to
accept $30,000 in full and complete  satisfaction  of the account which shall be
paid in 24 equal payments of $1,250 commencing on or before August 15, 2005. The
Company is  currently  in default  and the balance  now due is  estimated  to be
$15,000.  The Company and Allen & Vellone (via Patrick  Russell)  have  verbally
discussed  satisfaction  of the debt in the  form of  restricted  common  shares
valued at $8,900.

ITEM 36: $6,499.96 July 14, 2005 the Company entered into a Promissory Note with
Leif Nelson, P.C. for the principal amount of $13,000. The debt holder agreed to
receive 24 equal  payments of $541.67  (no  interest)  beginning  August 1, 2005
until July 1, 2007.  In 2004 the debt holder  also  received  500,000  shares of
restricted  common  stock of the  company.  The  Company is in  default  with an
estimated balance of $6,499.96 due to debt holder.  The Company has communicated
with debt holder to settle the balance in restricted common stock,  however this
was verbal and some time ago. The Company is unable to guarantee the  settlement
of this debt.

ITEM 37:  $23,000 On or around  February  2007 the  Company  entered  into three
separate  subscription  agreements,  each to sell 1,000,000 shares of restricted
common  stock at $.025 for  $25,000.  A total of  3,000,000  shares were sold at
$.025  for a grand  total  of  $75,000.  Upon  Closing  and  payment  in full by
Purchaser,  all three  subscription  agreements  will be cancelled and all funds
<PAGE>
returned to  investors.  $23,000 of the $75,000 needs to be paid back to William
and Romy Hales.

ITEM 38: $900 ECG International

ITEM 39: $10,000 Keaveney Voting Shares

OTHER 1: August 10, 2005 the Company  entered into a Consulting  Agreement  with
Michael  Wachholz to perform  certain  duties for the Company.  The Company also
entered  into a license  Agreement  with  Wachholz on Aug.  10, 2005 whereby the
Company has the exclusive rights to design,  develop and sell a product known as
GS610, a high performance brake fluid. The relationship  began in June 2005 when
the Company loaned Mr. Wachholz $5,000 and began discussions about licensing the
GS610 product. Certain disputes arose between the Company and Mr. Wachholz which
disputes  resulted  in  the  Company  filing  a  lawsuit  against  Mr.  Wachholz
(CV2005-052607).  On June 28,  2006 the  Company  and  Wachholz  entered  into a
Settlement  Agreement  that  terminated  the  Loan  agreement,   terminated  the
Consulting  Agreement  and the  Company  dismissed  the  complaint  against  Mr.
Wachholz.  The  Licensing  Agreement  remains in full  force  today and is for a
period of five years with an extension  for an  additional  five years solely at
the discretion of the Company.  The Agreement stipulates that Mr. Wachholz shall
receive a 7% commission on gross sales made by the Company. The Company produced
an  estimated  34,000  bottles of GS610  brake  fluid  which has been sold.  Mr.
Wachholz has  received all earned  commissions.  Recently Mr.  Wachholz  learned
about a distributor  (ComarPerformance) that purchased the bulk of the Company's
GS610  inventory at a reduced price (see  ComarPerformance/Peter  Hansel below).
Mr. Wachholz has made recent unfounded allegations that the Company has violated
the Licensing  Agreement stating the Company has sublicensed the product without
the  approval of Mr.  Wachholz.  Under the  Licensing  Agreement  the Company is
allowed to grant sublicenses to third parties with the approval of Mr. Wachholz,
which  shall  not be  unreasonably  withheld.  The  Company  has NOT  granted  a
sublicense;  rather it entered into an exclusive  distributor's  agreement  with
ComarPerformance/Peter  Hansel.  It is the Company's  opinion that Mr.  Wachholz
will continue to make false and/or  misleading  statements to induce the Company
into filing a  suit/claim.  It is the  Company's  opinion that Mr.  Wachholz has
violated the  Settlement  Agreement  by posting  false,  misleading  and private
Company  information on public stock message  boards.  The Company has not taken
legal recourse against Mr. Wachholz for his recent actions. The Company believes
Mr. Wachholz has an unpaid judgment  against him and should the Company prevail,
no financial gain could be collected.

OTHER 2: The  Seller  has  agreed  to remain on as  President  of the  Company's
subsidiary known as Quadriga  MotorSports.  No later than September 30, 2007 the
Seller  will  purchase  100% of the  subsidiary  for $200 so that the Seller may
continue to conduct its motor sports related business.

OTHER 3: March 7, 2006 the Company entered into a Personal Service Agreement and
Consulting Services Agreement with Image Motorsport Management and Arie Luyendyk
Jr whereby Arie  Luyendyk,  Jr. would perform  certain  services for the Company
throughout  the 2006 racing series.  Scheduled  payments were to be made to Arie
Luyendyk,  Jr.  starting March 2006 thru December 2006. Mr.  Luyendyk would also
receive  Company  product  known as GS610 brake fluid.  Mr.  Luyendyk  agreed to
receive shares of the Company's registered common stock for payment, however the
shares  received were priced more than what was received when sold and therefore
there is a balance due Mr.  Luyendyk.  The  balance  due is not  reported on the
books because Mr.  Luyendyk has not provided the Company with reports  showing a
balance.
<PAGE>
OTHER 3: On September 14, 2006 the Company entered into a Subscription Agreement
with  Nicholas  Babyak for the sale of $50,000 of restricted  common  stock.  On
March 1, 2007 the  Agreement  was  amended to  represent a total  investment  of
$33,875.50 which has been paid in full and closed.

OTHER 4: October 23, 2006 the Company entered into a Promissory Note with Tracey
Baron for the  principal  amount of $5,000 with 10%  interest.  $5,500 is due on
April 23, 2007. Upon default Mr. Barron has the right to convert the entire debt
into $10,000 of common stock.

OTHER 5: The Company has a storage unit space for; shelves,  wire rack bookcases
and misc. assets that are valued below $1,000.  The Company is charged a monthly
rent rate of $150 directly to the debit card of the Company.  This is a month-to
month rental with 30 day termination notice required.  Arrangements will need to
be made to either sell or dispose of the assets.

OTHER 6: On October  10,  2006,  the  Company's  Board of  Directors  declared a
special dividend of shares of its wholly-owned  subsidiary,  Scottsdale Diecast,
Inc., a Nevada  corporation.  As a result of this special dividend,  the Company
intended to distribute to its  stockholders  of record on November 6, 2006,  one
share of common stock of Scottsdale  Diecast,  Inc., a Nevada  corporation,  for
each one share of the Company's issued and outstanding  common stock held by its
stockholders  on such date.  Approximately  2,148,550  shares of common stock of
Scottsdale  Diecast,  Inc. would have been distributed,  (plus an indeterminable
number of shares of common  stock  will be issued in  settlement  of  fractional
shares),  representing  approximately  11.5% of  Scottsdale  Diecast,  Inc.  The
special dividend would have been distributed within five business days following
the SEC's  declaration of  effectiveness of a Form SB-2  Registration  Statement
that was intended to have been filed by  Scottsdale  Diecast,  Inc.  Because the
diecast business is no longer a viable business entity,  the Company has decided
not to proceed  with the issuance of the special  dividend and will,  therefore,
contact  the Nasdaq  and make a formal  press  release  to the  effect  that the
dividend will not be paid.

OTHER 7: On  January  25,  2007 the  Company  entered  into a Bill of Sale  with
Automobilia   Collectibles/   Brian  Sheahan  to  sell  the  URL  (web  address)
www.scalecars.com  and approximately  6,000 customer names to for a total sum of
$15,000.  It was agreed that $10,000 will be paid on January 29, 2007 and $5,000
to be paid on or before March 25, 2007.  On March 13, 2007 the final payment was
received and the sale is considered completed. The web address and customer data
base was used by the Company's subsidiary Scottsdale Diecast to sell its diecast
model cars under the name ScaleCars.com

OTHER 8: On  November  9, 2006 the  Company's  subsidiary  Quadriga  MotorSports
entered into an Exclusive  Distribution  Agreement with Comar  Performance/Peter
Hansel.  The agreement calls for Comar Performance to purchase 29,952 bottles of
GS610 brake  fluid for the price of $1.13515  per bottle for a total of $34,000.
Quadriga  MotorSports  has been paid in full and Comar  Performance has retained
ownership of the product.  The product  GS610 brake fluid is a derivative of the
agreement mentioned above with Michael Wachholz.

Buyer has received copies of the above mentioned disclosures including:

     *    2005 10K and third quarter 10Q ending September 30, 2006
     *    Certificate of Designation for Pf A, Pf B and Pf C
     *    Definitive 14C (proxy for shareholder vote)
     *    Approximate shareholder count as of March 14, 2007
<PAGE>
<TABLE>
<CAPTION>
        Restricted Shares                           S-8 Shares
----------------------------------     ------------------------------------
               Value                                Value       Total S8                          Total In
                per                                  per      share payment    Total Share      notes Payble     Net Balance
Issued         Share    Payment        Issued       Share       in 9 mos        Payment         in 12 mos@8%     Paid in Cash
------         -----    -------        ------       -----       --------        -------         ------------     ------------
<S>         <C>         <C>        <C>             <C>         <C>              <C>             <C>              <C>
                        $   --                                 $    --          $     --                         $     --
                        $   --                                 $    --          $     --        $ 12,100.00      $     --
                        $   --                                 $    --          $     --                         $  8,000.00
                        $   --                                 $    --          $     --                         $     --
                        $   --                                 $    --          $     --                         $     --
                        $   --                                 $    --          $     --                         $    375.47
                        $   --                                 $    --          $     --                         $    343.40
                        $   --                                 $    --          $     --                         $     --
                        $   --                                 $    --          $     --                         $     --
                        $   --       573,799.33    $  0.03     $ 17,213.98      $ 17,213.98                      $     --
                        $   --                                 $    --          $     --                         $     --
                        $   --                                 $    --          $     --                         $  1,581.40
                                                                                                                 $ 18,923.08
                        $   --                                 $    --          $     --                         $    121.00
                        $   --                                 $    --          $     --                         $    700.00
                        $   --                                 $    --          $     --                         $  3,166.44
                        $   --                                 $    --          $     --                         $  1,964.12
                        $   --                                 $    --          $     --                         $  4,000.00
                        $   --                                 $    --          $     --                         $     --
                        $   --                                 $    --          $     --                         $     --
                        $   --       573,799.33                $ 17,213.98      $ 17,213.98     $ 12,100.00      $ 39,174.91
                        $   --                                 $    --          $     --                         $     --
                        $   --                                 $    --          $     --                         $     --
                        $   --                                 $    --          $     --                         $     --
                        $   --     2,133,333.33    $  0.03     $ 64,000.00      $ 64,000.00                      $     --
                        $   --                                 $    --          $     --                         $ 40,649.06
                        $   --       307,766.67    $  0.03     $ 9,233.00       $  9,233.00                      $     --
                        $   --                                 $    --          $     --                         $     --
                        $   --                                 $    --          $     --                         $     --
                        $   --     1,450,000.00    $  0.03     $ 43,500.00      $ 43,500.00                      $ 48,787.70
                        $   --                                 $     --         $     --                         $ 38,115.35
                        $   --                                 $     --         $     --                         $     --
                        $   --                                 $     --         $     --                         $     --
                        $   --                                 $     --         $     --        $  8,728.60      $     --
                        $   --                                 $     --         $     --                         $     --
                        $   --                                 $     --         $     --                         $     --
                        $   --                                 $     --         $     --                         $     --
                        $   --                                 $     --         $     --                         $     --
                        $   --                                 $     --         $     --        $ 28,721.14      $     --
                        $   --                                 $     --         $     --        $208,855.48      $     --
                        $   --     4,063,973.00    $  0.03     $121,919.19      $121,919.19                      $     --
                        $   --                                 $     --         $     --        $  8,900.00      $     --
                        $   --                                 $     --         $     --        $  6,499.96      $     --
                        $   --                                 $     --         $     --                         $ 23,000.00
                        $   --                                 $     --         $     --                         $    900.00
                        $   --                                 $     --         $     --                         $ 10,000.00
                        $   --                                 $     --         $     --                         $     --
                        $   --     8,528,872.33                $255,866.17      $255,866.17     $273,805.18      $200,627.02
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]