Document:

Exhibit 10.15

                               HEADS OF AGREEMENT

1.       Pacific & Orient Investment Limited ("POIL") and Streamcom Pty Ltd ACN
         084 388 367 in the State of Victoria, Australia ("Streamcom")
         collectively referred to as ("the Vendor") agree to sell and I.T.
         Technology Pty Ltd ACN 085 839 738 ("IT") agrees to buy the Business
         and "Business Assets" of Streamcom as defined below and subject to the
         conditions contained herein:

"Business" shall mean the business carried on by and under the name of
Streamcom. "Business Assets" shall mean the following assets used in the
Business which are the assets sold by Streamcom to IT under this Agreement:

                  (a)      the Assets including but not limited to the "Assigned
                           Assets" as listed in Schedule 1 and Schedule 2
                           attached;

                  (b)      the Business Names;

                  (c)      The Business Records;

                  (d)      the Goodwill (including the exclusive right for IT to
                           represent itself as carrying on the business as
                           successor of Steamcom);

                  (e)      the Intellectual Property Rights;

                  (f)      the Plant and Equipment;

                  (g)      the Property;

                  (h)      the Clients;

                  (i)      the Database

                  (j)      Domain Names

                  (k)      Trademarks and patents

                  (l)      Cash at Bank, plus income from operations and the
                           monthly injection of $14,000 AUD from the Vendor up
                           until December 31st 2001, subject to a maximum of
                           $28,000. hereafter referred to as the ("Business
                           Assets")

2.       Streamcom carries on the business of live streaming production, video
         encoding production, online corporate communications project management
         and video on demand integration.

3.       IT's parent company I.T. Technology, Inc will issue to the Vendor or a
         nominated affiliate 10,000,000 shares of restricted common stock in
         I.T. Technology, Inc in consideration for the Business and Business
         Assets ("the Purchase Price"). The Vendor acknowledges that these
         shares will be issued pursuant to a subscription agreement,

<PAGE>

         substantially in the form of that which has been previously distributed
         to the Vendor and will be subject to Rule 144 promulgated under the
         United States Securities Act, but will otherwise rank equally with all
         other common stock of the company.

4.       The Vendor agrees to sell and IT agrees to buy the Business and the
         Business Assets for the purchase price as described in Clause 3 above,
         free of any mortgage, lien, charge, pledge, claim, covenant, or other
         encumbrance granted by the Vendor or any other party.

5.       The Vendor agrees to use all reasonable endeavours to achieve the
         transfer of the Business Assets and any business records, documents and
         information as soon as practically possible, upon completion of clause
         7 below.

6.       The Vendor agrees to indemnify, defend and hold IT harmless against any
         and all claims, actions, demands, lawsuits, causes of action, expenses,
         liabilities, interest, taxes and penalties arising out of Streamcom
         operations and/or actions prior to execution of this agreement.

7.       The Vendor agrees that upon completion of this Heads of Agreement, a
         Contract of Sale of Business will be prepared between the parties,
         which shall include standard representations and warranties.

8.       IT and the Parent will agree that, in the event the Parent fails to
         achieve:

         (i)      the completion of all necessary legal documentation within 30
                  days of the date of execution of this agreement as indicated
                  to the Vendor; and

         (ii)     the execution of a similar heads of agreement with Videodome
                  in relation to the equity in that company not already owned by
                  IT or its Parent, and/or

         (iii)    the Parent shall cease operation of its business for any
                  reason whatsoever,

         the Business of Streamcom together with any and all Intellectual
         Property included in the Assets and any improvements made to that
         Intellectual Property and assets in Schedule 2, including remaining
         cash at bank, shall immediately be reassigned exclusively to POIL with
         any and all supporting materials.

9.       The Vendor covenants, represents and warrants that it has full right,
         power, legal capacity and authority to execute this Agreement; and the
         transactions contemplated herein.

10.      This Heads of Agreement, and completion of the transaction contemplated
         herein shall be subject to finalisation of an agreed Contract of Sale
         of Business between the parties, as described in Clause 7. The Vendor
         agrees to use all reasonable endeavours to complete a Contract of Sale
         as soon as practically possible.

11.      The Vendor agrees that this Heads of Agreement shall be subject to the
         approval of the Board of Directors of IT.

Dated this 1st day of  November, 2001

Agreed to and accepted by the Vendor:

/s/ Charles Phillip Grummisch   CHAIRMAN OF THE STREAMCOM BOARD
-----------------------------
Charles Phillip Grummisch

                                       2
<PAGE>

                                   SCHEDULE 1
                                 Assigned Assets

The Assigned Assets, as defined and described in Section 1 of the Term Sheet,
include, but are not limited to, the following items:

1.       Names, trademarks, service marks. Logos, or other branding devices, and
         registrations therefore, which the Streamcom is currently using or
         intends to use in the course of business. Including, without
         limitation, "Streamcom" and "Streamcom.com.au" and derivations thereof.

2.       Domain names which the Streamcom is currently using or intends to use
         in the course of business, including without limitation,
         www.streamcom.com.au

3.       All designs, software, methodologies, presentations, demonstration,
         source code, scripts inventions, software architecture specifications,
         and any provisional patent applications related to the business of the
         Streamcom, (collectively "Streamcom Technology").

4.       All confidential information related to the business of Streamcom,
         including methods of promoting the use of Streamcom Technology,
         strategic partners and alliances for furthering the adoption of Company
         Technology, future functions or features of Streamcom Technology,
         revenue projections, market research, business models, methods of
         exploiting Streamcom Technology, business plans, and business
         development strategies.Exhibit 10.16

                               Heads of Agreement

               Roo Media Corporation Inc. / I.T. Technology, Inc.

1.       Robert Petty and Roo Media Corporation ("ROO") agrees to sell and I.T.
         Technology, Inc. (the "Company") agrees to buy the Business and
         "Business Assets" of ROO as defined below (the "Acquisition"):

"Business" shall mean the business carried on by and under the name of ROO. "
Business Assets" shall mean the following assets used in the Business which are
the assets sold by ROO to the Company under this Agreement:

                  (a)      the Assets including but not limited to the "Assigned
                           Assets" as listed in Schedule 1 attached;

                  (b)      the Business Names;

                  (c)      The Business Records;

                  (d)      the Goodwill;

                  (e)      the Intellectual Property Rights;

                  (f)      the Plant and Equipment;

                  (g)      the Property;

                  (h)      the Clients;

                  (i)      the SalesForce Database

                  (j)      Domain Names

                  (k)      Trademarks and patents

                  hereafter referred to as the ("Business Assets")

2.    It shall be a condition of this agreement and the consummation of the
      Acquisition, that Robert Petty and Petty Consulting, Inc. agree that
      Robert Petty shall be engaged to the Company for a period of not less than
      36 months from the date of this agreement in a principal executive role as
      shall be determined by the Board of Directors from time to time and as is
      further defined in clause 7 below. It is agreed that in this role, subject
      to the approval of the Board of Directors, Robert Petty shall amongst
      other things, be responsible for: developing and fostering the goals and
      strategies of the Company, setting the Company 's strategic direction and
      maintaining responsibility for the Company 's overall financial results.

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3.    Upon the consummation of the Acquisition, the Company will issue a total
      of 20,000,000 $0.0002 par value shares of restricted common stock in the
      Company (Common Stock") to Robert Petty and/or ROO or their nominated
      affiliates in consideration for the Business and Business Assets.

4.    Upon the consummation of the Acquisition (the "Closing"), the Company will
      grant to Robert Petty and/or ROO or their nominated affiliates
      non-qualified stock options to purchase up to a total of an additional
      20,000,000 shares of restricted Common Stock, at $.05 per share. (the "New
      Petty Options"). The New Petty Options will vest and be exercisable in
      twelve quarterly installments commencing three months from the Closing, as
      follows

         a.       1st Installment 3 months after the Closing, options to
                  purchase 1,666,666 shares exercisable;

         b.       2nd Installment 6 months after the Closing, options to
                  purchase a total of 3,333,333 shares exercisable;

         c.       3rd Installment 9 months after the Closing, options to
                  purchase a total of 5,000,000 shares exercisable;

         d.       4th Installment 12 months after the Closing, options to
                  purchase a total of 6,666,666 shares exercisable;

         e.       5th Installment 15 months after the Closing, options to
                  purchase a total of 8,333,333 shares exercisable;

         f.       6th Installment 18 months after the Closing, options to
                  purchase a total of 10,000,000 shares exercisable;

         g.       7th Installment 21 months after the Closing, options to
                  purchase a total of 11,666,666 shares exercisable;

         h.       8th Installment 24 months after the Closing, options to
                  purchase a total of 13,333,333 shares exercisable;

         i.       9th Installment 27 months after the Closing, options to
                  purchase a total of 15,000,000 shares exercisable;

         j.       10th Installment 30 months after the Closing, options to
                  purchase a total of 16,666,666 shares exercisable;

         k.       11th Installment 33 months after the Closing, options to
                  purchase a total of 18,333,333 shares exercisable;

         l.       12th Installment 36 months after the Closing, options to
                  purchase a total of 20,000,000 shares exercisable;

         These options will have a term of 4 years from the date of grant.

                                       2
<PAGE>

5.       The Company will organize the surrender and cancellation by BM of its
         existing option to acquire a 25% equity interest in ROO.

6.       Robert Petty agrees to underwrite all funding requirements concerning
         the operations of the Business of ROO, including fees of $US 6000 per
         month payable to Petty Consulting, Inc. for the services of Robert
         Petty ("the operations") in the form of a loan which shall be no less
         than $US40,000 to the Company ("the Loan"). Robert Petty undertakes
         that the Loan will ensure adequate funding of the operations for at
         least 90 days from the date of this agreement. The Loan shall bear
         interest at a rate of 8% per annum, calculated monthly and may only be
         repaid in the event that after the repayment of the Loan the Company
         retains working capital (determined in accordance with generally
         accepted accounting principles ("GAAP")), adjusted as set forth in the
         following sentence, of no less than $US500,000 (the "Adjusted Working
         Capital"). For the purposes hereof, the Adjusted Working Capital shall
         exclude any proceeds or current assets derived from proceeds of a
         transaction involving the sale, transfer, disposition or liquidation of
         (i) assets currently owned by the Company or (ii) assets acquired in
         connection with proposed Sale or the Company's proposed acquisition of
         the business and assets of VideoDome or Streamcom.

7.       Petty Consulting Inc, shall enter into a 3 year consulting agreement
         with the Company to provide the services of Robert Petty on an
         exclusive basis to serve as a President, Chief Executive Officer and
         Director of the Company, or such other position as the Board of
         Directors of the Company shall determine on such terms and conditions
         as the parties shall mutually agree upon.

8.       Petty Consulting Inc, shall enter into a 1 year consulting agreement
         with the Company to provide the services of Michael Neistat to serve an
         executive officer of the Company or such other position as the Board of
         Directors of the Company shall determine on such terms and conditions
         as the parties shall mutually agree upon.

9.       Petty Consulting, Inc. and Robert Petty both agree that all previous
         amounts of consulting fees previously deemed outstanding from the
         Company's affiliate, VideoDome.com Networks, Inc shall no longer be
         payable or of any force or effect.

10.      Robert Petty and ROO both agree, that all previous share options in the
         Company either granted and/or vested to both Robert Petty and ROO,
         pursuant to the two separate Option Agreements dated July 30, 2001
         shall terminate and no longer be of any force or effect.

11.      Robert Petty and ROO agree to sell and the Company agrees to buy the
         Business and the Business Assets of ROO for the purchase price as
         described in Clause 3 above, free of any mortgage, lien, charge,
         pledge, claim, covenant, or other encumbrance granted by Robert Petty,
         ROO or any other party.

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<PAGE>

12.      ROO agrees to use all reasonable endeavours to achieve the transfer of
         the Business Assets and any business records, documents and information
         as soon as practically possible not currently in the possession of the
         Company.

13.      Robert Petty and ROO agree that upon completion of this Heads of
         Agreement, the Company will complete a due diligence review on ROO and
         a formal definitive agreement will be prepared between the parties with
         standard representations and warranties.

14.      Robert Petty and ROO hereto covenants, represents and warrants that
         each such party has full right, power, legal capacity and authority to
         execute this Heads of Agreement has been approved by the board of
         directors of ROO; that except as contemplated herein, no other consents
         or approvals of any other third parties are required or necessary for
         the transactions contemplated by this term sheet to be consummated..

15.      Robert Petty and ROO agree that this term sheet shall be subject to the
         approval of the Board of Directors of the Company.

Dated this 7th day of November, 2001

Agreed to and accepted by:

/s/ Robert Petty
Robert Petty
President (Principal Executive Officer)
Petty Consulting, Inc.

/s/ Robert Petty
Robert Petty
President (Principal Executive Officer)
ROO Media Corporation, Inc.

/s/ Robert Petty
Robert Petty

                                       4

<PAGE>

                                   SCHEDULE 1
                                 Assigned Assets

The Assigned Assets, as defined and described in Section 1 of the Term Sheet,
include, but are not limited to, the following items:

1.       Names, trademarks, service marks. Logos, or other branding devices, and
         federal registrations therefore, which the Company is currently using
         or intends to use in the course of business. Including, without
         limitation "Roo Media" and "Roo Media Corporation, Inc" and derivations
         thereof.

2.       Domain names which the Company is currently using or intends to use in
         the course of business, including without limitation, www.roomedia.com

3.       All designs, software, presentations, demonstration, source code,
         inventions, software architecture specifications, and provisional
         patent applications related to the business of the Company, the
         organization of all information in a database format, the product
         portal, and the dynamic creation of web pages providing organized
         access to information from the database (collectively "Company
         Technology")

4.       All confidential information related to the business of the Company,
         including methods of promoting the use of Company Technology, strategic
         partners and alliances for furthering the adoption of Company
         Technology, future functions or features of Company Technology, revenue
         projections, market research, business models, methods of exploiting
         Company Technology, business plans, and business development
         strategies.

<PAGE>

                                 LOAN AGREEMENT

THIS DEED is made this 7th day of November 2001

BETWEEN:

ROBERT PETTY of 3A Tollington Avenue, Malvern East , Victoria 3145, Australia
(hereinafter referred to as "the Lender") of the first part;

AND

I.T. TECHNOLOGY, INC. of 34-36 Punt Road, Windsor, Victoria, Australia
(hereinafter referred to as "the Borrower")

of the second part.

WHEREAS:

A.       The Borrower wishes to borrow monies from the Lender.

B.       The Lender is prepared to advance to the Borrower a minimum sum of
         FORTY THOUSAND AMERICAN DOLLARS ($US40,000.00), on such terms and
         conditions as noted in this Agreement, or such higher amounts as shall
         be recorded in the Schedule of Loan Advances in this Agreement.

IN CONSIDERATION of the terms and conditions set out hereunder the parties
heretofore agree as follows:-

1.       The Lender agrees to lend to the Borrower the amount specified in
         Recital B hereof (hereinafter referred to as "the said Loan").

2.       The details of every advance of funds by the Lender to the Borrower
         pursuant to this Agreement shall be recorded in the Schedule of Loan
         Advances in this Agreement, which shall be signed by a Director of the
         Lender and a Director of the Borrower.

3.       Said Loan shall be repaid by the Borrower to the Lender only in the
         event that the Borrower retains after such repayment, working capital
         (determined in accordance with generally accepted accounting principles
         ("GAAP")), adjusted as set forth in the following sentence, of no less
         than $500,000. (the "Adjusted Working Capital") For the purposes
         hereof, the Adjusted Working Capital shall exclude any proceeds or
         current assets derived from proceeds of a transaction involving the
         sale, transfer, disposition or liquidation of (y) assets currently
         owned by the Company or (z) assets acquired in connection with proposed
         Sale or the Company's proposed acquisition of the business and assets
         of VideoDome or Streamcom.

<PAGE>

4.       Interest calculated monthly at a rate of 8% per annum on all loan funds
         from time to time advanced pursuant to this Agreement shall be paid by
         the Borrower to the Lender upon repayment of the said Loan.

5.       This Agreement shall be governed by and construed in accordance with
         the laws of the State of Victoria, Australia.

6.       This Agreement shall be binding on and enure to the benefit of the
         assignees and successors in title of the parties.

7.       If any provision of this Agreement is held invalid, unenforceable or
         illegal for any reason, this Agreement shall remain otherwise in full
         force and the said provision shall be read down to such extent as may
         be necessary to ensure that it does not infringe the laws of the said
         State and as may be reasonable in all the circumstances so as to give
         it a valid operation of a partial character and in the event that such
         provision cannot be so read down it shall be deemed void and severable.

IN WITNESS WHEREOF the parties hereto have hereunto set their hands and seals
the day and year hereinbefore written.

THE LENDER

/s/ Robert Petty
Robert Petty

THE COMMON SEAL of the Borrower                }
was hereto affixed                             }
in the presence of authorised persons:         }

Director /s/ Yam-Hin Tan...............   Director/Secretary /s/ Jonathan Herzog
Full Name Yam-Hin Tan..................   Full Name  Jonathan Herzog

<PAGE>

                            SCHEDULE OF LOAN ADVANCES

--------------------------------------------------------------------------------
Advance  Date  Amount ($US)     Lender's Signature          Borrower's Signature

1.

2.

3.

4.

5.

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