Document:

Exhibit 10.3

    STOCK
      OPTION AGREEMENT

    

     

    Stock
      Option Agreement (the
      “Agreement”)
      dated
      as of June 29, 2007 by and among Yuan Qing Li and Ling Chen as “Sellers”
and
      Warner Technology & Investment Corp. as “Purchaser.”
      Each
      of
      the Purchaser and Sellers
      is
      referred to herein individually as a “Party”
and
      all
      are referred to collectively as the “Parties.”

    

    PREAMBLE

    

    WHEREAS,
      the
      Sellers are the holders of record and beneficial owners of a total of 12,600,000
      shares of common stock (the “OptionOption
      Shares”)
      of
      China Software Technology Group Co., Ltd. (“CSWT”),
      and
      the Purchaser is associated with American Wenshen Steel Group, Inc.
      (“AWSG”);
      and

    

    WHEREAS,
      CSWT
      and AWSG have determined that a business combination between them is advisable
      and are on this date entering into a Merger Agreement (the “Merger
      Agreement”)
      that
      contemplates the merger of AWSG into a subsidiary of CSWT; and 

     

    WHEREAS,
      the
      Purchaser wishes to purchase and the Sellers wish to sell an option to acquire
      the Option Option Shares, on the terms and subject to the conditions set forth
      herein. 

    

    NOW,
      THEREFORE,
      in
      consideration of the premises and the mutual covenants, representations and
      warranties contained herein, the Parties, intending to be legally bound, hereby
      agree as follows:

    

    CERTAIN
      DEFINITIONS

    

    As
      used
      in this Agreement, the following terms shall have the meanings set forth below:
      

    

    “Applicable
      Law”
means
      any domestic or foreign law, statute, regulation, rule, policy, guideline or
      ordinance applicable to the businesses of the Parties or the Merger.

    

    “DGCL”
      means
      Delaware General Corporation Law.

    

    “Knowledge”
      means a
      particular fact or other matter of which the Party is actually aware or which
      a
      prudent individual would be expected to discover or otherwise become aware
      of in
      the course of conducting a review
      or
      investigation
      that is
      reasonable under the present circumstances. 

    

    “Lien”
means,
      with respect to any property or asset, any mortgage, lien, pledge, charge,
      security interest, claim, encumbrance, royalty interest, any other adverse
      claim
      of any kind in respect of such property or asset, or any other restrictions
      or
      limitations of any nature whatsoever.

    

    “Material
      Adverse Effect”
with
      respect to any entity or group of entities means any event, change or effect
      that has or would have a materially adverse effect on the financial condition,
      business or results of operations of such entity or group of entities, taken
      as
      a whole. 

    

    “Person”
means
      any individual, corporation, partnership, trust or unincorporated organization
      or a government or any agency or political subdivision thereof. 

    

    “Tax”
(and,
      with correlative meaning, “Taxes”
and
      “Taxable”)
      means:

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    (i)
      any
      income, alternative or add-on minimum tax, gross receipts tax, sales tax, use
      tax, ad valorem tax, transfer tax, franchise tax, profits tax, license tax,
      withholding tax, payroll tax, employment tax, excise tax, severance tax, stamp
      tax, occupation tax, property tax, environmental or windfall profit tax, custom,
      duty or other tax, impost, levy, governmental fee or other like assessment
      or
      charge of any kind whatsoever together with any interest or any penalty,
      addition to tax or additional amount imposed with respect thereto by any
      governmental or Tax authority responsible for the imposition of any such tax
      (domestic or foreign), and 

    

    (ii)
      any
      liability for the payment of any amounts of the type described in clause (i)
      above as a result of being a member of an affiliated, consolidated, combined
      or
      unitary group for any Taxable period, and 

     

    (iii)
      any
      liability for the payment of any amounts of the type described in clauses (i)
      or
      (ii) above as a result of any express or implied obligation to indemnify any
      other person. 

    

    “Tax
      Return”
means
      any return, declaration, form, claim for refund or information return or
      statement relating to Taxes, including any schedule or attachment thereto,
      and
      including any amendment thereof.

    

    ARTICLE
      I

    THE
      OPTION

    

    SECTION
      1.01  ESTABLISHMENT
      OF THE OPTION

    

    (a) On
      the
      Closing Date of the Merger Agreement, the Purchaser shall purchase the Option
      Shares from the Sellers for cash consideration of Five Hundred Seventy Thousand
      Dollars ($570,000) (the “Option
      Purchase Price”).
      

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (b) On
      the
      Closing Date of the Merger Agreement, the Sellers will deliver certificates
      for
      the Option Shares to Robert Brantl, Esq. (the “Escrow
      Agent”)
      along
      with stock powers endorsed in blank with a medallion signature guarantee. The
      Escrow Agent is instructed to hold the said documents until (a) the Option
      Closing, at which time he will deliver the documents to Warner or (b) the
      expiration of the Option Period, at which time he will deliver the documents
      to
      the Shareholder. 

    

    (c)
       The
      Sellers hereby grant to the Purchaser an irrevocable option (the “Option”) to
      purchase the Option Shares for the purchase price of Thirty Thousand Dollars
      ($30,000) (the “Purchase Price”) at any time during the period commencing on the
      date which is 90 days after the closing of the Merger and ending six months
      from
      the date of such closing (“Option Period”). The Purchaser may exercise the
      Option at any time during the Option Period by (a) giving notice of exercise,
      in
      writing, to the Sellers accompanied by a personal check or wire transfer for
      the
      Purchase Price and (b) giving documentary evidence to the Escrow Agent of
      payment of the Purchase Price to the Sellers. 

    

    SECTION
      1.02  CLOSING.

    

    (a)  Upon
      receipt of the documentary evidence described in Section 1.01(c) above, the
      Escrow Agent shall deliver the certificates for the Shares and the stock powers
      to the Purchaser (the “Option Closing”). 

    

    

    

    (b) The
      Parties intend that the sale of the OptionOption Shares shall be exempt from
      the
      registration requirements of the Securities Act pursuant to Section 4(2) of
      the
      Securities Act and the rules and regulations promulgated
      thereunder.

    

    (c) The
      Option Shares will not be registered under the Securities Act, or the securities
      laws of any state, and cannot be transferred, hypothecated, sold or otherwise
      disposed of until: (i) a registration statement with respect to such securities
      is declared effective under the Securities Act, or (ii) CSWT receives an opinion
      of its counsel that an exemption from the registration requirements of the
      Securities Act is available. The certificates representing the Option Shares
      shall contain a legend substantially as follows:

    

    “THE
      SECURITIES WHICH ARE REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED,
      HYPOTHECATED OR OTHERWISE DISPOSED OF UNTIL A REGISTRATION STATEMENT WITH
      RESPECT THERETO IS DECLARED EFFECTIVE UNDER SUCH ACT, OR CHINA SOFTWARE
      TECHNOLOGY GROUP CO., LTD. RECEIVES AN OPINION OF COUNSEL FOR CHINA SOFTWARE
      TECHNOLOGY GROUP CO., LTD. THAT AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
      OF SUCH ACT IS AVAILABLE.” 

    

    

    ARTICLE
      II

    REPRESENTATIONS
      AND WARRANTIES OF SELLERS

    

    The
      Sellers hereby jointly and severally represent and warrant to the Purchaser,
      as
      of the date of this Agreement and as of the Option Closing Date, as follows:
      

    

    SECTION
      2.01  
ORGANIZATION,
      STANDING AND POWER. 

    

    CSWT
      is a
      corporation duly incorporated, validly existing and in good standing under
      the
      laws of the State of Delaware, and has corporate power and authority to conduct
      its business as presently conducted by it and to enter into and perform this
      Agreement and to carry out the transactions contemplated by this Agreement.
      

    

    SECTION
      2.02  CAPITALIZATION.
      

     

    (a) There
      are
      41,000,000 shares of capital stock of CSWT authorized, consisting of 40,000,000
      shares of common stock, $0.001 par value per share (the “CSWT
      Common Shares”)
      and
      1,000,000 shares of preferred stock, $0.001 per share (“CSWT
      Preferred Shares”).
      As of
      the date of this Agreement there are 21,513,380 CSWT Common Shares issued and
      outstanding.

    

    (b) No
      CSWT
      Common Shares or CSWT Preferred Shares have been reserved for issuance to any
      Person, and there are no other outstanding rights, warrants, options or
      agreements for the purchase of CSWT Common or Preferred Shares except as
      provided in the Merger Agreement or in the Operating Subsidiary Agreement.
      

    

    (c) All
      outstanding CSWT Common Shares are validly issued, fully paid, non-assessable,
      not subject to pre-emptive rights and have been issued in compliance with all
      state and federal securities laws or other Applicable Law. 

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    SECTION
      2.03  FINANCIAL
      CONDITION

     

    The
      financial statements of CSWT and the additional information regarding the
      financial condition of CSWT contained in the Annual Report on Form 10-KSB filed
      by CSWT with the Securities and Exchange Commission on April 6, 2007
      (“10-KSB”)
      are
      true,
      correct and complete in all material respects, are not misleading and do not
      omit to state any material fact which is necessary to make the statements and
      information contained in the Proxy Statement not misleading in any material
      respect. The financial statements included in the Proxy Statement were prepared
      in accordance with generally accepted accounting principles and fairly reflect
      the financial condition of CSWT as of the dates stated and the results of its
      operations for the periods presented.

    

    SECTION
      2.04  ABSENCE
      OF CERTAIN CHANGES OR EVENTS.
      

    

    Since
      December 31, 2006, except as reported in the 10-KSB and except as contemplated
      by this Agreement:

    

    (a) there
      has
      not been any Material Adverse Change in the business, operations, properties,
      assets, or condition of CSWT; 

    

    (b) CSWT
      has
      not (i) amended its Certificate of Incorporation; (ii) declared or made, or
      agreed to declare or make, any payment of dividends or distributions of any
      assets of any kind whatsoever to stockholders or purchased or redeemed, or
      agreed to purchase or redeem, any outstanding capital stock; (iii) made any
      material change in its method of management, operation, or accounting; (iv)
      entered into any material transaction; or (v) made any accrual or arrangement
      for payment of bonuses or special compensation of any kind or any severance
      or
      termination pay to any present or former officer or employee; 

    

    (c) CSWT
      has
      not (i) borrowed or agreed to borrow any funds or incurred, or become subject
      to, any material obligation or liability (absolute or contingent) except
      liabilities incurred in the ordinary course of business; (ii) paid any material
      obligation or liability (absolute or contingent) other than current liabilities
      reflected in or shown on the most recent CSWT balance sheet, and current
      liabilities incurred since that date in the ordinary course of business; (iii)
      sold or transferred, or agreed to sell or transfer, any material assets,
      properties, or rights, or canceled, or agreed to cancel, any material debts
      or
      claims; or (iv) made or permitted any material amendment or termination of
      any
      contract, agreement, or license to which it is a party. 

    

    
      	
              SECTION
                

            	 2.05             
              	
              LITIGATION

            

    

    

    There
      is
      no action, suit, investigation, audit or proceeding pending against, or to
      the
      Knowledge of CSWT, threatened against or affecting, CSWT or any of its assets
      or
      properties before any court or arbitrator or any governmental body, agency
      or
      official.

    

    SECTION
      2.06  COMPLIANCE
      WITH APPLICABLE LAWS. 

    

    To
      the
      Knowledge of the Sellers, the business of CSWT has not been, and is not being,
      conducted in violation of any Applicable Law. 

    

    
      	
              SECTION
                

            	 2.07              
              	
              TAX
                RETURNS AND PAYMENT

            

    

    

    CSWT
      has
      duly and timely filed all material Tax Returns required to be filed by it and
      has duly and timely paid all Taxes shown thereon to be due. Except as disclosed
      in financial statements filed with the 10-KSB, there is no material claim for
      Taxes that is a Lien against the property of CSWT other than Liens for Taxes
      not
      yet due and payable, none of which is material. CSWT has not received written
      notification of any audit of any Tax Return of CSWT being conducted or pending
      by a Tax authority, no extension or waiver of the statute of limitations on
      the
      assessment of any Taxes has been granted by CSWT which is currently in effect,
      and CSWT is not a party to any agreement, contract or arrangement with any
      Tax
      authority or otherwise, which may result in the payment of any material amount
      in excess of the amount reflected on the above referenced CSWT financial
      statements.

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    SECTION
      2.08  SECURITY
      LISTING

    

    CSWT
      is a
      fully compliant reporting company under the Securities Exchange Act of 1934,
      as
      amended (the “Exchange
      Act”),
      and
      all CSWT public filings required under the Exchange Act have been made. The
      common stock of CSWT is listed for quotation on the OTC Bulletin Board. To
      the
      Knowledge of CSWT, CSWT has not been threatened or is not subject to removal
      of
      its common stock from the OTC Bulletin Board. 

    

    SECTION
      2.09  FINDERS’
      FEES 

    

    The
      Sellers have not incurred, nor will they incur, directly or indirectly, any
      liability for brokers’ or finders’ fees or agents’ commissions or investment
      bankers’ fees or any similar charges in connection with this Agreement or any
      transaction contemplated hereby. 

    

    ARTICLE
      III

    SPIN-OFF
      OF SUBSIDIARY

    

    Prior
      to
      the Closing Date of the Merger, CSWT is entering into an Assignment and
      Assumption and Management Agreement which contemplates that it will assign
      to a
      wholly-owned subsidiary (the “Operating
      Sub”)
      all of
      its assets, and that it will subsequently distribute the capital stock of the
      Operating Sub to the holders of its Common Stock. The Purchaser hereby agrees,
      for the benefit of the Seller, CSWT and the Operating Sub, that upon receipt
      by
      it of any shares of capital stock of the Operating Sub, it will surrender said
      shares to the Operating Sub as a contribution to capital, without any additional
      consideration therefore.

    

    

    ARTICLE
      IV

    TERMINATION

    

    SECTION
      4.01  TERMINATION.
      

     

    This
      Agreement may be terminated and the Merger may be abandoned at any time prior
      to
      the Effective Time by: 

    

    (a) The
      mutual written consent of the Parties.

    

    (b) The
      Purchaser, if any of the Sellers shall have breached in any material respect
      any
      of his representations, warranties, covenants or other agreements contained
      in
      this Agreement, and the breach cannot be or has not been cured within thirty
      (30) calendar days after the giving of written notice by the Purchaser to the
      Sellers; 

    

    (c) The
      Sellers, if the Purchaser shall have breached in any material respect any of
      his
      representations, warranties, covenants or other agreements contained in this
      Agreement, and the breach cannot be or has not been cured within thirty (30)
      calendar days after the giving of written notice by AWSG to CSWT; or

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (d) Without
      any action on the part of the Parties if required by Applicable Law or if the
      Closing of the Merger shall not be consummated by July31, 2007, unless extended
      by written agreement of the Parties. 

    

    ARTICLE
      V

    CONFIDENTIALITY

    

    SECTION
      5.01  CONFIDENTIALITY

    

    Each
      of
      the Parties will keep confidential all information and documents obtained from
      the other, (except for any information disclosed to the public pursuant to
      a
      press release authorized by the Parties); and in the event the Closing does
      not
      occur or this Agreement is terminated for any reason, will promptly return
      such
      documents and all copies of such documents and all notes and other evidence
      thereof, including material stored on a computer, and will not use such
      information for its own advantage, except to the extent that (i) the information
      must be disclosed by law, (ii) the information becomes publicly available by
      reason other than disclosure by the Party subject to the confidentiality
      obligation, (iii) the information is independently developed without use of
      or
      reference to the other Party’s confidential information, (iv) the information is
      obtained from another source not obligated to keep such information
      confidential, or (v) the information is already publicly known or known to
      the
      receiving Party when disclosed as demonstrated by written documentation in
      the
      possession of such Party at such time. 

    

    

    ARTICLE
      VI

    MISCELLANEOUS

    

    SECTION
      6.01  EXPENSES
      

    

    Except
      as
      contemplated by this Agreement, all costs and expenses incurred in connection
      with this Agreement and the consummation of the transactions contemplated by
      this Agreement shall be paid by the Party incurring such expenses. 

    

    SECTION
      6.02  APPLICABLE
      LAW 

    

    This
      Agreement shall be governed by the laws of the State of Delaware, without giving
      effect to the principles of conflicts of laws thereof, as applied to agreements
      entered into and to be performed in such state. 

     

    SECTION
      6.03  NOTICES.
      

    

    All
      notices and other communications under this Agreement shall be in writing and
      shall be deemed to have been duly given or made as follows: 

    

    (a) If
      sent
      by reputable overnight air courier (such as Federal Express), 2 business days
      after being sent; 

    

    (b) If
      sent
      by facsimile transmission, with a copy mailed on the same day in the manner
      provided in clause (a) above, when transmitted and receipt is confirmed by
      the
      fax machine; or 

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
      	 	
              (c)

            	
              If
                otherwise actually personally delivered, when delivered.
                

            

    

    

    All
      notices and other communications under this Agreement shall be sent or delivered
      as follows: 

    

    If
      to
      Purchaser, to: 

     

     

    David
      Zhou

    Warner
      Technology & Investment Corp.

    100
      Wall
      Street, 15th
      Floor

    New
      York,
      NY 10005

    Telephone:
      212-232-0120 X 223

    Facsimile:
      212-785-5867

    

    

    with
      a
      copy (which shall not constitute notice) to:

     

    Robert
      Brantl, Esq.

    52
      Mulligan Lane

    Irvington,
      NY 10533

    Telephone:
      914-693-3026

    Facsimile:
      914-693-1807

    

    If
      to
      Sellers, to: 

     

    Mr.
      Yuan
      Qing Li

    China
      Software Technology Group Co., Ltd.

    Skyworth
      Building, No. 5, Floor 6, Block A

    Hi-Tech
      Industrial Park, Nanshan District

    Shenzhen,
      P.R. China 518057

    Telephone:
      380-228-7356

    Facsimile:
      755-8282-1141

     

    with
      a
      copy (which shall not constitute notice) to:

    

    Darren
      Ofsink, Esq.

    600
      Madison Avenue, 14th
      Floor

    New
      York,
      NY 10022

    Telephone:
      212-371-8008

    Facsimile:
      212-688-7273

    

    Each
      Party may change its address by written notice in accordance with this Section.
      

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    SECTION
      6.04  
      ENTIRE AGREEMENT. 

    

    This
      Agreement (including the documents and instruments referred to in this
      Agreement) contains the entire understanding of the Parties with respect to
      the
      subject matter contained in this Agreement, and supersedes and cancels all
      prior
      agreements, negotiations, correspondence, undertakings and communications of
      the
      Parties, oral or written, respecting such subject matter. 

    

    

    SECTION
      6.05  COUNTERPARTS.
      

    

    This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed to be an original but all of which shall be considered one and the same
      agreement. 

    

    IN
      WITNESS WHEREOF,
      the
      Parties have duly executed this Agreement as of the date first above written.
      

     

     

     

    
      	 SELLERS:	 	 	WARNER
              TECHNOLOGY & INVESTMENT CORP.
	 	 	 	 
	 	 	 	 
	/s/ Yuan
              Qing
              Li      	 	 	/s/ Huakang
              Zhou  
	
              
Yuan
              Qing Li      	 	 	
              
Huakang
              Zhou,
	Name
Title
More
              Title	 	 	President

    

    
      	 	 	 	 
	/s/ Ling
              Chen       	 	 	 
	
              

              Ling
                Chen

            	 	 	
            
	
            	 	 	 

    

     

    8EXHIBIT 10.19

LOAN AND SECURITY AGREEMENT
 (Line of Credit - All Assets)
 Between

ROSS/FIALKOW CAPITAL PARTNERS LLP, TRUSTEE OF
 BRIGHTEC CAPITAL TRUST as
Lender
 and
 ADVANCED LUMITECH, INC.

Dated: June 8, 2006

          Ross/Fialkow Capital
Partners LLP, Trustee of Brightec Capital Trust, a Massachusetts nominee trust
established under Declaration of Trust dated June 8, 2006, and with a place of
business at 38 Glen Avenue, Newton, Massachusetts 02459 (the “Lender”)
is as of this date entering into a business loan arrangement with Advanced
Lumitech, Inc., a Nevada corporation with a place of business at 8C Pleasant
Street S., Natick, Massachusetts 01760 (the “Borrower”) for a line of
credit loan (the “Loan”) to be evidenced by a certain Convertible Line
of Credit Note (the “Note”), in the original principal amount of Seven
Hundred and Fifty Thousand ($750,000.00) Dollars, dated of even date herewith
and incorporated herein by reference, which shall be secured pursuant to the
terms of this Agreement by, among other things, a security interest in all
business assets of the Borrower, including a pledge of all its stock in its
wholly owned subsidiary, Brightec S.A. (formerly Lumitech, S.A.,
“Brighter”) pursuant to a Stock Pledge Agreement. The obligations of
the Borrower to the Lender are guaranteed by Brightec pursuant to a Corporate
Guaranty, and are secured by Brightec’s Collateral Assignment and Security
Interest in Patents. In consideration of its agreement to extend the Loan, the
Borrower has granted the Lender a Stock Purchase Warrant, pursuant to which the
Lender has the option to acquire up to 1,500,000 shares of Borrower’s
Common Stock at a purchase price of 12 cents ($0.12) per share for a three year
period following the date of this Agreement. The Lender also has the option to
convert all or any portion of the Loan to Borrower’s Common Stock at a
purchase price of 12 cents ($0.12) per share. This Agreement, the Note, the
Stock Purchase Warrant, the Stock Pledge Agreement, the Corporate Guaranty of
Brightec and its Collateral Assignment and Security Interest in Patents and all
other documents executed in connection with the Loan shall hereinafter be
referred to as the “Loan Documents”. Upon full and final irrevocable
payment or conversion of the Note in accordance with the terms thereof, all
Obligations of the Company to the Holder hereunder (except (i) as they relate to
its obligations to the Holder as a shareholder to the extent the Note has been
converted to common stock of the Company, (ii) any obligations of the Company to
the Holder pursuant to the Stock Purchase Warrant; any (iii) indemnity
obligations to the extent any indemnifiable claims have been asserted against
the Holder) shall terminate, and all security granted or pledged to the Lender
to secure the Company’s Obligations hereunder as well as Brightec’s
obligations under its Corporate Guaranty shall be terminated or reassigned, as
the case may be.

          NOW THEREFORE, for
good and valuable consideration the receipt and legal sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

          SECTION
1.     THE LOAN

                    1.1            Credit
Limit.  Subject to the terms and provisions of this Agreement, the
Lender hereby establishes a line of credit in Borrower’s favor in the
amount of up to Seven Hundred and Fifty Thousand ($750,000.00) Dollars (the
“Credit Limit”). The aggregate principal amount of the Loan
outstanding will not exceed the Credit Limit at any time.

                    1.2            Loans. 
Lender agrees, subject to the terms and conditions of this Agreement, from time
to time make advances to the Borrower hereunder upon Borrower’s written
request made at least three (3) business days in advance of funding, which
request shall be made no more frequently than monthly. The Loan shall be
repayable on the Termination Date as defined in Section 1.6 and shall be
conclusively evidenced by Lender’s records of advances and repayments as
set forth in Schedule “A” to the Note. All advances by Lender to
Borrower under this Agreement and under any other agreement between Borrower and
Lender constitute one general fluctuating Loan, and all indebtedness of Borrower
to Lender under this and under any other agreement constitute one general
Obligation. Each advance to Borrower hereunder or otherwise shall be made upon
the security of all of the Collateral held and to be held by Lender. Once
repaid, amounts borrowed hereunder may not be reborrowed.

                    1.3            Interest. 
The aggregate principal Loan balance outstanding shall bear interest thereon at
a fixed per annum rate equal to twenty (20%) percent (computed on the basis of
the actual number of days elapsed over a year of 360 days), which shall be
payable monthly in arrears on the 8th day of each month, commencing July 8,
2006.

                    1.4            Commitment
Fee.  In consideration of Lender’s commitment to grant the Loan to
the Borrower. Lender shall have earned, and Borrower shall pay Lender from the
initial advance of Loan proceeds, a commitment fee of five percent (5%) of the
Credit Limit, or $37,500.

                    1.5            Warrant. 
In consideration of Lender’s commitment to grant the Loan to the Borrower,
and as a condition precedent to Lender’s obligation to grant the Loan,
Borrower shall execute and deliver to Lender a Stock Purchase Warrant in form
satisfactory to Lender, pursuant to which Borrower shall grant the Lender the
right to purchase up to 1,500,000 shares of Borrower’s Common Stock at a
purchase price of 12 cents ($0.12) per share for a three year period following
the date of this Agreement.

                    1.6            Loan
Termination Date; Conversion Option.  The Loan, all accrued interest
and any other Obligations due Lender shall be payable on the sooner to occur of
(i) May 31, 2007 (the “Termination Date”) or such later date as may be
agreed to by the Lender in writing in its sole discretion; (ii) acceleration and
demand by reason of an Event of Default as defined below. At the Lender’s
option, to be exercised in writing prior to May 31, 2007, all or any portion of
the Loan as may be outstanding as of the date of such exercise may be converted
at any time to common stock of the Borrower at a purchase price of 12 cents
($0.12) per share, as provided in the Note.

                    1.7            Cross-Default
and Cross-Collateral.  All of the rights of Lender contained in this
Agreement shall likewise apply, insofar as applicable, to any modification of or
supplement to this Agreement and to any other agreements between Lender and
Borrower. Any default of this Agreement by Borrower shall constitute, likewise,
a default by Borrower of any other existing agreement with Lender, and any
default by Borrower of any other agreement with Lender shall constitute a
default of this Agreement.

          SECTION
2.     SECURITY INTEREST AND REPRESENTATIONS REGARDING
COLLATERAL

                    2.1            Grant. 
To induce Lender to grant the Loan, Borrower hereby grants to Lender a
continuing security interest in all of the Borrower’s personal property and
business assets, including but not limited to the following property
(collectively, the “Collateral”):
 
          All equipment,
machinery, furniture, trade fixtures and motor vehicles and all tangible
personal property or goods, utilized in the conduct of the Borrower’s
business, and all replacements or substitutions therefore and all accessions
thereto;

2

          All inventory,
including all goods held for sale or lease or to be furnished under contracts of
service, finished goods, work in process, raw materials, materials used or
consumed by Borrower, parts, supplies, all wrapping, packaging, advertising
labeling, and shipping materials, devices, names and marks, all contract rights
and documents relating to any of the foregoing, whether any of the foregoing be
now existing or hereafter arising, wherever located, now owned or hereafter
acquired by Borrower, and all farm products;

          All accounts,
accounts receivable, contract rights (meaning rights of the Borrower to payment
under contracts not yet earned by performance and not evidenced by instruments
or chattel paper, including any rights of Borrower under any licensing
agreements, joint venture agreements or any other agreement or contract pursuant
to which Borrower may be entitle to receive fees, royalties, or other payments),
chattel paper, regardless of whether or not they constitute proceeds of other
Collateral; and all rights under all licenses, permits, leases, contracts,
governmental approvals, franchises, applications for any of the foregoing,
renewals for any of the foregoing and similar rights and privileges;

          All general
intangibles, regardless of whether or not they constitute proceeds of other
Collateral, including, without limitation, all of the Borrower’s rights to
tax refunds and all the Borrower’s rights (which the Lender may exercise or
not as it in its sole discretion may determine) to acquire or obtain goods
and/or services with respect to the Collateral, All liens, guaranties,
securities, rights, remedies and privileges pertaining to any of the Collateral,
including the right of stoppage in transit;

          All obligations
owing to the Borrower of every kind and nature; all chosen in action, and all
“payment entitlements,” “commercial tort claims,” and all
“letter of credit rights,” as such terms are defined in the Uniform
Commercial Code;
 
          All goodwill, trade
secrets, computer programs and data and all storage media containing computer
programs, source codes and data, customer lists and mailing lists, trade names,
trademarks, trade name and trade mark applications, patents and patent
applications, copyrights and copyright applications, in each case whether or not
registered or filed, All documents and instruments (whether negotiable or
nonnegotiable, and regardless of their being attached to chattel
paper);

          All books and
records relating to the conduct of the Borrower’s business including,
without in any way limiting the generality of the foregoing, those relating to
its accounts, customer and mailing lists, and other records relating to the
business, assets, liabilities or capital of Borrower, all summaries,
compilation, disks, tapes, printouts, periodicals directories, catalogues,
publications and other documents and media where the fore going is stored or
embodied, and any source codes relating to any of the foregoing;

          All deposit accounts
maintained by the Borrower with any bank, trust company, investment firm or
fund, or any similar institution or organization.

          All “investment
property” as such term is defined in the Uniform Commercial Code, including
but not limited to all Borrower’s stock in Brightec.

          All products of and
accessions to any of the Collateral, and all proceeds of Collateral of every
kind and nature in whatever form, including, without limitation, both cash and
noncash proceeds resulting or arising from the rendering of services or the
licensing of patents or other rights or interests by the Borrower or the sale or
other disposition by the Borrower of any Collateral.

                    2.2       Obligations
Secured.  The security interest of Lender in the Collateral and all
other security granted to the Lender as collateral for the Loan and shall secure
the payment and performance of all liabilities and obligations of Borrower to
Lender of every kind and description, direct or indirect, absolute or
contingent, due or to become due, whether pursuant to and in connection with the
Loan or otherwise and including all other obligations of the Borrower to the
Lender whether now existing or hereinafter acquired or contracted, all interest
and other charges chargeable to the Borrower or due from the Borrower to the
Lender from time to time, and all costs and expenses referred to in this
Agreement (all hereinafter called “Obligations”).

3

                    2.3       Additional
Actions; Brightec Stock Pledge Agreement.  Borrower shall perform any
and all further steps requested by Lender to perfect Lender’s security
interest in the Collateral. Borrower hereby authorizes the Lender to file such
UCC financing statements or other documents or instruments as Lender deems
necessary to perfect and protect Lender’s security interest in the
Collateral. In addition, as a condition precedent to Lender’s obligation to
grant the Loan, Borrower shall execute and deliver to Lender a separate Stock
Pledge Agreement, pursuant to which Borrower shall pledge to Lender all
Borrower’s stock in Brightec, and in connection therewith shall deliver to
the Lender all original stock certificates and a stock power, and such other
documents as Lender may require, such documents to be in such form as may be
required by Lender.

                    2.4       Brightec
Corporate Guaranty and Collateral Assignment and Security Interest in
Patents.  As an additional condition precedent to Lender’s
obligation to grant the Loan, Brightec shall execute and deliver to Lender a
Corporate Guaranty and a Collateral Assignment and Security Interest in Patents
in such form as may be required by Lender.

                    2.5       Title
to Collateral.  At the date hereof the Borrower is (and as to
Collateral that the Borrower may acquire after the date hereof, will be) the
lawful owner of the Collateral, and the Collateral and each item thereof is,
will be and shall continue to be free of all restrictions, liens, encumbrances
or other rights, title or interests (other than the security interest therein
granted to the Lender hereby), credits, defenses, recoupments, set-offs or
counterclaims whatsoever. The Borrower has and will have full power and
authority to grant to the Lender a security interest in the Collateral, and the
Borrower has not transferred, assigned, sold, pledged, encumbered, subjected to
lien or granted any security interest in, and will not transfer, assign, sell
(except sales or other dispositions in the ordinary course of business or as
otherwise as expressly permitted in this Agreement), pledge, encumber, subject
to lien or grant any security interest in any of the Collateral (or any of the
Borrower’s right, title or interest therein), to any person other than the
Lender. The Borrower will warrant and defend the Lender’s right to and
interest in the Collateral against all claims and demands of all
persons.

                    2.6       Additional
Collateral.  It is the intention of the Borrower that the Collateral
granted to the Lender includes all Borrower’s tangible and intangible
assets and that the Lender have a perfected first priority security interest
therein. To the extent that Borrower acquires any new assets, interests or
rights in any Collateral, Borrower shall immediately notify Lender of such new
Collateral and shall take all necessary steps required by Lender to insure that
Lender shall have a perfected first priority security interest in any such new
Collateral. New Collateral shall include, but shall not be limited to, any new
license or sales agreements or joint venture agreements or other agreements with
third parties for the generation of fees, royalties or income for the
exploitation of any of Borrower’s or Brightec’s patents, procedures or
other intellectual property rights. Notwithstanding the foregoing Borrower shall
not be obligated to notify Lender of new collateral transactions that are within
the ordinary course of its business, the intent being that such notification
obligations shall be limited to such new collateral that is of material
consequence to Borrower’s financial condition and comprises a significant
portion of its assets.

                    2.7       Taxes. 
Borrower will promptly pay all real and personal property taxes, assessments and
charges and all franchise, income, unemployment, old age benefits, withholding,
sales and other taxes assessed against it or payable by it before delinquent;
provided that this covenant shall not apply to any tax assessment or charge
which is being contested in good faith and with respect to which reserves have
been established and are being maintained. The Lender may, at its option, from
time to time, discharge any taxes, liens or encumbrances of any of the
Collateral, and the Borrower will pay to the Lender on demand or the Lender in
its sole discretion may charge to the Borrower all amounts so paid or incurred
by it.

4

          SECTION
3.     REPRESENTATIONS AND WARRANTIES

          Borrower hereby
represents and warrants as follows:

                    3.1            Organization. 
Borrower is a duly organized, validly existing public corporation organized
under the laws of the State of Nevada, with full power and authority to own its
property and assets and to conduct its business in the manner and in the places
in which it has been and is now being conducted. Borrower is qualified to do
business in, and is in good standing under the laws of the Commonwealth of
Massachusetts and each other state where failure to qualify would materially
adversely affect its business.

                    3.2          Authority. 
Borrower has taken all action that may be required by its charter documents, the
laws of the state of incorporation and all other applicable laws to authorize
the execution, delivery and performance of this Agreement and the Loan
Documents. Borrower has disclosed to Lender that as of the date of this
Agreement there are insufficient authorized shares of the common stock of the
Borrower to allow for conversion of this Note or the exercise of the Warrant in
accordance with their respective terms. Borrower shall prior to May 31, 2007
have obtained all necessary authorization to increase the amount of its
authorized shares in an amount sufficient to allow for such conversion and
exercise.

                    3.3          No
Obstacles to Transaction.  The execution, delivery and performance by
Borrower of this Agreement and the other documents executed in connection
herewith will not violate any provision of Borrower’s charter documents,
the laws of the state of its incorporation or any other applicable law, rule,
regulation or order and will not conflict with or result in any breach of any
provision of, or constitute a default under, or result in the imposition of any
lien or charge upon any asset of Borrower under, or result in the acceleration
of any obligation under, the terms of any agreement or document binding upon
Borrower (other than in favor of Lender), in respect of. which Borrower
represents that it has obtained all necessary consents and/or
waivers.

                    3.4          Ownership
of Assets.  Borrower has good and marketable title to all its
properties and assets including, but not limited to, those reflected on its
balance sheet except as such properties or assets have been disposed of in the
ordinary course of business since the date of the balance sheet, and all
Borrower’s properties and assets are free and clear of all liens,
restrictions and encumbrances.

                    3.5          Litigation;
Compliance with Law.  There are no actions, suits, proceedings or
investigations threatened or pending against or affecting Borrower, its agents,
servants, or employees, while in the course of the Borrower’s business and
arising out of that business, or Borrower’s assets whether Borrower is
plaintiff or defendant, and Borrower is not in default with respect to any
order, judgment, decree or award of any court, agency or governmental authority,
except for its failure to timely file required quarterly and annual reports with
the SEC, which Borrower represents shall be brought current on or before
December 31, 2006,

                    3.6          Accuracy
of Financial Information.  Borrower has furnished to Lender such
financial statements, including balance sheets and statements of profit (or
loss) and other information about Borrower’s financial condition as the
Lender shall have requested. These financial statements and other information
fairly present the financial condition of Borrower for the periods then ended,
reflect all known liabilities, direct or contingent, and its financial
statements have been prepared in accordance with generally accepted accounting
principles applied on a consistent basis. There has been no material adverse
change in the assets, liabilities, financial condition or business of the
Borrower since the date of Borrower’s most recent financial statements, or
other information delivered to Lender before or after the date of this
Agreement.

5

                    3.7          Borrower’s
Principal Place of Business.  Borrower warrants that (all the records
concerning Borrower’s business and the Collateral are located and shall
remain at the address set forth on the first page hereof.

                    3.8          Cornell
Capital Partners Stock Purchase Commitment.  Borrower warrants that
prior to its first request for a Loan advance hereunder, that certain May 17,
2006 Standby Equity Distribution Agreement Term Sheet (setting forth the
proposed terms and conditions under which Cornell Capital Partners, LP will
agree purchase up to $10,000,000 of Borrower’s common stock) shall have
been executed and a copy thereof furnished to Lender by Borrower. Borrower shall
furnish Lender with a true copy of its final definitive agreement with Cornell
Capital Partners, LP (the “Cornell Capital Partners Stock Purchase
Commitment”) promptly upon its execution, and keep Lender informed as to
the status of such transaction.

          SECTION
4.    AFFIRMATIVE COVENANTS

                    4.1          Payments
of Liabilities.  Borrower shall pay all liabilities as they become due
to any creditor of the Borrower (other than liabilities that are subordinated to
Borrower’s obligations to Lender), except that Borrower will not be
obligated to pay any such liability if the validity thereof is being contested
in good faith by appropriate proceedings diligently pursued and appropriate
reserves therefor have been set aside.

                     
4.2          Conduct of
Business. Borrower shall keep in full force and effect its legal existence
and all rights, licenses, permits, patents, leases, franchises and governmental
approvals necessary for the conduct of its business and shall comply with all
applicable federal, state and local laws and regulations. Borrower shall not
engage in any business substantially different from its present business without
Lender’s prior written consent, which consent shall not be unreasonably
withheld.

                    4.3          Preservation
and Maintenance of Collateral and Other Property.  Borrower shall (i)
keep all of the Collateral and other property in good order and condition and
shall make all necessary repairs, replacements, additions and improvements
thereto consistent with its business requirements, and in the case of
Borrower’s patents, take all necessary and reasonable steps to protect,
preserve and promote and commercially exploit Borrower’s patents, (ii) pay
all taxes, assessments or other charges on the Collateral when due, except where
the validity thereof is being contested in good faith by appropriate proceedings
diligently pursued and appropriate reserves therefore have been set
aside.

                    4.4          Insurance.
Borrower shall maintain insurance including, but not limited to insurance
covering the Collateral against such risks, with such insurers, in such form,
and in such amounts as shall from time to time be required by Lender including,
but not limited to, property and casualty insurance and fire and extended form
coverage for one hundred (100%) percent replacement value, liability insurance,
and workmen’s compensation insurance. All insurance policies shall be
written so as to be payable in the event of loss to Lender as its interests may
appear and shall provide for twenty (20) days’ written notice to Lender of
cancellation or modification. Copies of all insurance policies shall be
furnished to Lender upon Lender’s request for same.

                    4.5          Financial
Records: Inspection.  Borrower shall at all times keep proper books of
records and account, in which correct and complete entries shall be made of all
its dealings, in accordance with generally accepted accounting practices.
Borrower shall specifically maintain its books and records relating to the
receipt and disbursement of the proceeds of the Note. Lender shall from time to
time also be entitled to visit and inspect the Collateral and any of the
properties and financial records of Borrower, which visits shall, in the absence
of default, be on reasonable notice and at reasonable times, but no more
frequently than quarterly.

6

                    4.6          Projections/
Budgets.  Borrower shall have delivered to Lender on or before August
31, 2006 a twelve month business plan of the Borrower and projections of its
operating results, including a budget detailing all known and reasonably
anticipated operating expenses, prepared on a monthly basis, which shall be
approved by the Lender (the “Projections/Budget”). Within 30
days of the close of each calendar quarter, (or if waived by Lender, at such
time as Lender requests the same) the Borrower shall provide the Lender with an
update of the Projections/Budget. The Projections/Budget shall contain such
substance and detail and shall be in such form as will be reasonably acceptable
to the Lender.

                    4.7          SEC
Compliance S1 Registration.  Borrower shall have filed all required
filings with the Securities Exchange Commission (including its 2005 10 KSB, and
10Q1, 10Q2, and 10Q3 for 2006) and shall have filed its SI Registration no later
than December 31, 2006. Borrower shall deliver to Lender copies of any of its
SEC filings within ten (10) days of filing same.

                    4.8          Additional
Financial Information.  Borrower shall from time to time deliver to
Lender such other financial data and information as Lender may reasonably
request.

                    4.9          Maintenance
of Records.  Borrower covenants to keep accurate and complete records
listing and describing the Collateral, including but not limited to schedules of
all of Borrower’s patents and patent applications and any license, royalty
or other agreements in respect thereof. When requested by Lender, Borrower shall
give Lender a certificate listing and describing the Collateral. Lender shall
have the right at any time to inspect the Collateral and to review and make
copies of any records or other writings that relate to the Collateral or the
general financial condition of Borrower, which inspections shall, in the absence
of default, be on reasonable notice and at reasonable times. Lender may copy
such records and access to copying facilities shall be provided by
Borrower.

                    4.10          Notice
of Loss.  Borrower shall notify Lender promptly of any loss of assets
or assertion of liability outside the ordinary course of business involving more
than $10,000, including but not limited to, any loss from theft, fire or other
casualty or the occurrence of any personal injury whether or not covered by
insurance.

                    4.11          Borrower’s
Management.  For so long as the Borrower owes any Obligation to the
Lender and as a condition to Lender’s initial Loan advance hereunder, the
Borrower’s management team will be led by Patrick Planche.

          SECTION
5.     NEGATIVE COVENANTS

                    5.1            Distribution
or  Redemption.   Borrower shall not pay or accrue any dividend or make
any other distribution  either in cash or in kind with respect to its securities
of any class, nor shall Borrower redeem, retire or purchase,  either directly or
indirectly any of its securities of any class without prior written consent from
Lender.

                    5.2            Sale
or Consolidation Name or Legal Entity Change:  Borrower shall not merge
or consolidate with any other entity, nor shall Borrower sell, license, assign
or sell or divest any of its assets, including but not limited to the Collateral
(except for the sale of assets in the ordinary course of Borrower’s
business) nor may it sell or transfer Borrowers capital stock or issue any
additional shares of capital stock interests without the Lender’s prior
written consent, which consent shall not be required in

7

the case of the pending capital transaction with Cornell Capital Partners LP or
its assigns, or the issuance of any shares pursuant to existing subscription
agreements, warrants, convertible debentures or option agreements. Borrower
shall not change its legal name or reconstitute its organizational structure in
a manner that would change the state in which it is chartered as a legal entity
without first notifying Lender at least thirty (30) days in advance of such
event.

                    5.3            Encumbrances. 
Borrower hereby warrants that Borrower has title to the Collateral and that
there are no sums owed or claims, liens, security interests or other
encumbrances against the Collateral except those in favor of Lender as they
exist as of the date hereof. Borrower will not grant or suffer to exist any
mortgage, pledge, security interest, lien, or encumbrance on the Collateral
without Lender’s prior written consent. Borrower covenants to notify Lender
of any claim, lien, security interest or other encumbrance made against the
Collateral and shall otherwise defend the Collateral against any claim, lien,
security interest or other encumbrance adverse to Lender.

                    5.4            Loans
and Investments.  Borrower shall not make any loans, investments,
advances, or other extraordinary payment to any person, firm or corporation
except in the ordinary course of business, nor shall Borrower make any guaranty
or endorse the indebtedness of any person, firm or corporation without
Lender’s prior written consent.

                    5.5            Additional
Indebtedness. Borrower shall not borrow any funds or become indebted to or
obligated to or grant a security interest in its assets to any person, firm or
corporation, whether directly, indirectly or contingently, without Lender’s
prior express written approval, which approval shall not be unreasonably
withheld, other than (i) for trade obligations arising in the ordinary course of
business; (ii) the Obligations to Lender; (iii) obligations contemplated in the
Budget/Projections as submitted to and approved by the Lender or as otherwise
approved by the Lender in writing, (iv) or as may be consented to in writing by
Lender.

                    5.6            Sale
of Collateral.  Borrower shall not sell or otherwise dispose of any
item of the Collateral except in the ordinary course of its business or in
connection with a permitted capital transaction or license agreement and shall
not use the Collateral in violation of any law.

                    5.7            Loans
from Related Parties.  Borrower shall not make any payments respecting
any debt or obligation of the Borrower to any Shareholders or their immediate
family or to any officers of the Borrower or related parties to the
Borrower.

          SECTION
6.     USE OF PROCEEDS AND PURPOSE OF LOAN
ARRANGEMENT

          Borrower shall use
the proceeds of the Loan for working capital purposes in connection with
Borrower’s business.

          SECTION
7.     COLLECTION OF COLLATERAL PROCEEDS POWERS
EXPENSES

                    7.1            At
any time or times following the occurrence of an Event of Default, Borrower
irrevocably appoints Lender its true and lawful attorney, with power of
substitution, in the name of Borrower or in the name of Lender or otherwise for
the use and benefit of Lender, but at the cost and expense of Borrower, without
notice to Borrower or any of its representatives or successors except as may be
required by applicable law, to demand, collect, receipt for and give renewals,
extensions of any Collateral; to institute and to prosecute legal and equitable
proceedings to realize upon the Collateral; to settle, compromise, compound or
adjust claims in respect of any Collateral or any legal proceedings brought in
respect thereof; and generally to sell in whole or in part for cash, credit or
property to others or to itself at any public or private sale, assign, make any
agreement with respect to or otherwise deal with any of the Collateral as fully
and completely as though Lender were the absolute owner thereof for all
purposes.

8

                    7.2            At
any time or times following the occurrence of an Event of Default, Borrower
hereby irrevocably appoints Lender its true and lawful attorney, with power of
substitution, to take control in any manner of any cash or non-cash items of
payment or proceeds thereof; to endorse the name of Borrower upon any notes,
acceptances, checks, drafts, money orders, bills of lading, freight bills,
chattel paper or other evidences of payment or Collateral that may come into
Lender’s possession; to sign Borrower’s name on any invoices relating
to any accounts or licenses, on drafts against account debtors and notices to
account debtors or licensees; to sign Borrower’s name on any proof of claim
in any bankruptcy proceeding for any account debtors or licensees; and to do all
other acts and things necessary, in Lender’s sole judgment, to carry out
this Agreement. In addition, at any time or times when Borrower is in default
hereunder, Lender shall have the right to enter upon Borrower’s premises
and to receive and open all mail directed to Borrower; provided, however, that
Lender shall turn over to Borrower all of such mail not relating to Collateral.
In the event of default, Lender shall have the right, in the name of Borrower,
to notify the Post Office authorities to change the address for the delivery of
mail addressed to Borrower to such address as Lender may designate, and Borrower
shall make no subsequent change of address without the Lender’s written
permission. Lender shall have the right also to turn over mail either to
Borrower, or to any trustee in bankruptcy, receiver, assignee for the benefit of
creditors of Borrower, in Lender’s sole discretion. All checks and other
forms of remittance received as provided by Borrower shall be endorsed in such
manner as Lender may designate. Lender may insert borrower’s signature or
name in longhand, in typewriting or by rubber stamp. Every such endorsement,
however signed or made, shall be deemed to be a valid endorsement of
Borrower.

                    7.3            In
the absence of an Event of Default, Borrower shall have the privilege of
collecting its accounts, licensing fees and royalties for the account of and in
trust for Lender. Lender may revoke such privilege at its option, at any time
following the occurrence of an event of default by giving notification of its
assignment of, or security interest in the Collateral to Borrower’s account
debtors and licensees. Following the occurrence and during the continuance of an
event of default, all moneys, checks, notes, drafts and other items of payment
together with any and all relating vouchers, identifications, communications or
other data received from account debtors and licensees collected or received by
Borrower (or by any receiver, trustee or successor in interest of Borrower, or
by any person acting on behalf of Borrower) in reference to the Borrower’s
accounts, licensing fees and royalties shall belong to Lender and shall be
immediately transmitted by Borrower to Lender at its office (or, directed by
Lender, deposited in Lenders account as designated by Lender) in the original
form in which the same are received and endorsed by Borrower. Borrower shall
have no right and agrees not to commingle with its own funds or to use, divert
or withhold any of the proceeds of any collections or proceeds if its accounts,
licensing fees or royalties. Effective upon the occurrence and during the
continuance of an Event of Default, Borrower shall divest itself of all dominion
over its accounts, licensing fees and royalties and the proceeds thereof and
collections received thereon. Borrower shall make entries on its books and
records in form satisfactory to Lender disclosing the absolute and unconditional
assignment of its accounts, licensing fees or royalties to Lender and shall keep
a separate account on its record books of all collections received thereon.
Should any suit or proceeding be instituted by or against Lender or Borrower
upon any of the Collateral or for the collection or enforcement of any of its
accounts, licensing fees or royalties, Borrower shall, without expense to
Lender, make available such of its officers, employees, agents, books, records
and files as Lender may deem necessary to make proper proof in court.

                    7.4            Lender
shall be entitled to recover from Borrower (i) all damages sustained by Lender
by reason of any misrepresentation, breach of warranty or breach of covenant of
Borrower herein, express or implied, whether caused by the acts or defaults of
Borrower, account debtors, licensees or others, (ii) all reasonable expenses
which may be incurred by Lender in enforcing payment of any of its

9

accounts, licensing fees or royalties or in attempting to enforce payment, or in
realizing upon any Collateral, whether against any account debtor, licensee,
Borrower or others, (iii) in supervising the records and proper management and
disposition of the collection of its accounts, licensing fees or royalties, and
(iv) in prosecuting or defending any proceeding arising from the efforts of
Lender to recover any money or other thing of value or otherwise to enforce or
protect any of Lender’s rights hereunder.

          SECTION
8.    EVENTS OF DEFAULT

                    8.1            If
any of the following events, each an “Events of Default”, set forth
below shall occur and be continuing the Lender may, but shall not be obligated
to, accelerate the Loan and all other all Obligations, and make demand upon
Borrower for full and immediate payment thereof:

                                   (a)          Failure
of Borrower to pay in full any amounts due hereunder or under the Note within
fifteen (15) days following written notice to Borrower of such payment
default;

                                   (b)          Failure
by the Borrower to perform, observe or comply with any other covenant,
agreement, term or condition set forth in; Section 4 or 5 hereof provided
however that in the case of such failures that are susceptible of being cured
and do not fall within one of the other enumerated events set forth in this
Section 8.1, such failures will not be deemed to be an default if cured or
remedied with thirty (30) days of written notice of such default;

                                   (c)          If
any material representation or warranty made by the Borrower in this Agreement
or in any certificate, statement, or information furnished in writing to the
Lender by, on behalf of or at the request of the Borrower proves to be untrue
and incorrect when made or furnished;

                                   (d)          The
(i) occurrence of any material loss, theft, damage or destruction of the
Collateral to the extent not adequately covered by insurance, or (ii) issuance
or making of any levy, seizure, attachment, execution or similar process on any
material portion of the Collateral which levy, seizure, attachment, execution or
similar process remains undischarged for a period of the sooner to occur of the
expiration of the applicable appeals period or thirty (30) days;

                                   (e)          Either
the Borrower shall (i) apply for or consent to the appointment of a receiver,
conservator, trustee or liquidator of all or a substantial part of any of its
assets; (ii) file or permit the filing of any petition, case, arrangement,
reorganization, or the like under any insolvency or bankruptcy law, or the
adjudication of it as a bankrupt, or the making of an assignment for the benefit
of creditors or the consenting to any form of arrangement for the satisfaction,
settlement or delay of debt or the appointment of a receiver for all or any part
of its properties; or (iii) take any action for the purpose of effecting any of
the foregoing;

                                   (f)          An
order, judgment or decree shall be entered, or a case shall be commenced,
against the Borrower, without the application, approval or consent of the
Borrower by or in any court of competent jurisdiction, approving a petition or
permitting the commencement of a case seeking liquidation of the Borrower, or
appointing a receiver, trustee, conservator or liquidator of the Borrower, or of
all or a substantial part of its assets and the Borrower, by any act, indicates
its approval thereof, consent thereto, or acquiescence therein, and such order,
judgment, decree or case shall continue unstayed and in effect for a period of
sixty (60) consecutive days;

                                   (g)          The
dissolution, termination of existence, business failure, merger or consolidation
(except as permitted in Section 5.2) of Borrower;

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                                   (h)          Sale
or transfer of any material assets of Borrower except in the ordinary course of
business or as permitted in Section 5.2, without the prior written consent of
the Lender;

                                   (i)          Failure
of Borrower to pay when due any tax unless such tax obligation is being
contested in good faith, adequate reserves have been set aside therefore, and
the non payment of such obligation will not result in an adverse consequence to
the Borrower’s business or the Collateral;

                                   (j)          A
judgment or judgments for the payment of money shall be rendered against
Borrower and any such judgment shall remain unsatisfied and in effect for a
period of thirty (30) consecutive days without a stay of execution;

                                   (k)          Participation
in any illegal or prohibited activity, whether or not related to the business of
the Borrower, that may subject the assets of the Borrower to (i) a restraining
order or any form of injunction issued by any federal or state court or (ii)
seizure or forfeiture or confiscation by any federal or state government
instrumentality;

                                   (l)          Any
change in Borrower’s senior management structure from that set forth in
Section 4.11 without Lender’s written approval, or the death of Patrick
Planche;

                                   (m)          Such
a change in the condition or affairs (financial or otherwise) of Borrower, which
in the reasonable opinion of Lender, exercised in good faith, materially impairs
Lender’s security or materially increases its risk;

                                   (n)          If
any of the foregoing events, as applicable, shall occur with respect to
Brightec; the Borrower’s failure to submit its S1 SEC registration by
December 31, 2006; or

                                   (o)          the
termination (or the failure to finalize and execute by March 31, 2007) for any
reason of the Cornell Capital Partners Stock Purchase Commitment and the failure
of Borrower to secure a comparable alternate equity investor or viable written
commitment from an alternate lender to refinance the Borrower’s Obligations
to Lender within 30 days of such termination.

                    8.2          Rights
on Default.  Upon the occurrence and during the continuance of an event
of a default under this Agreement, without further notice, Lender
may:

                                   (a)          immediately
accelerate the Obligations;

                                   (b)          perform
any warranty, covenant or agreement which Borrower has failed to perform under
this Agreement;

                                   (c)          take
any other action which Lender deems reasonably necessary or desirable to protect
its interest, including but not limited to exercising its rights as set forth in
Section 6; and

                                   (d)          take
any other action available to a Lender under the Uniform Commercial Code of
Massachusetts, including without limitation, the right to take possession of the
Collateral and/or sell the Collateral at public auction or private sale, in lots
or in bulk, for cash or for credit, enter upon the Borrower’s premises for
the purpose thereof.

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          No course of dealing
or delay or in taking or failing to take any other action with respect to any
event of default shall affect Lender’s right to take such action at a later
time. No waiver as to any one default or shall affect Lender’s rights upon
any other default.

          Lender may exercise
any or all of its rights on the occurrence of an Event of Default concurrently
with or independently of and without regard to the provisions of any other
document that secures the Borrower’s obligations to Lender.

          After the occurrence
of an Event of Default, Borrower, upon demand by Lender, shall assemble the
Collateral at Borrower’s cost and make it available to Lender at a place to
be reasonably designated by Lender.

          The requirement of
the Uniform Commercial Code that Lender give Borrower reasonable notice of any
proposed sale or disposition of the Collateral shall be met if such notice is
given to Borrower at least ten (10) days before the time of such sale or
disposition.

                    8.3            Expenses. 
Any payment made or expense reasonably incurred by Lender (including, without
limitation, reasonable attorney’s fees and disbursements) in connection
with the exercise of any right under the Loan Documents shall be payable on
demand and shall be secured pursuant to the terms of this Agreement, and if not
paid when requested, shall be deemed to be an advance of principal under the
Loan and added to the Obligations of Borrower to Lender.

          SECTION
9.     MISCELLANEOUS PROVISIONS

                    9.1            Governing
Law; Submission to Jurisdiction.  The laws of the Commonwealth of
Massachusetts shall govern the validity, interpretation, enforcement and effect
of this Agreement. Borrower hereby consents to the jurisdiction of all courts in
said Commonwealth.

                    9.2            Severability. 
In the event that any provision hereof be deemed to be invalid by reason of the
operation of any law or by reason of the interpretation placed thereon by any
court, this Agreement shall be modified so as to make such provision valid, or
if that is not possible, this Agreement shall be construed as not containing
such provision, and in either event, the invalidity of such provision shall not
affect the validity of any provision hereof and any and all other provisions
hereof which are otherwise lawful and valid shall remain in full force and
effect.

                    9.3            Waiver
of Notice.  Borrower waives any and all notice or demand which Borrower
might be entitled to receive with respect to this Agreement by virtue of any
applicable statute or law, and waives demand, protest, notice of protest, notice
of demand or default or dishonor, notice of payments and non-payments, or of any
default, release, compromise, settlement, extension or renewal of all commercial
paper, accounts, contract rights, instruments, chattel paper, guaranties, and
otherwise, at any time held by Lender on which Borrower may in any way be
liable, notice of nonpayment of any and all accounts, (including any licensing
fees or royalties), instruments or chattel paper, notice of any action taken by
Lender unless expressly required by this Agreement.

                    9.4            Materiality. 
All covenants, agreements, representations and warranties made by Borrower in
the Loan Documents, notwithstanding any investigation by Lender, shall be deemed
to be material and relied upon by Lender and shall survive the execution and
delivery of this Agreement.

                    9.5            Successors
and Assigns.  This Agreement and all documents executed in connection
herewith shall bind and inure to the benefit of the heirs, executors,
administrators, legal representatives, successors and assigns of each
party.

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                    9.6            Modification. 
This Agreement and the obligations of the parties hereto may not be modified
without the written approval of Lender.

                    9.7            Interpretation. 
Reference to the singular or the plural shall be deemed to include the other
where the context requires.

                    9.8            Certain
Waivers.  BORROWER IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN
ANY PROCEEDING HEREAFTER INSTITUTED BY OR AGAINST LENDER OR BORROWER IN RESPECT
OF THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY OTHER DOCUMENT, INSTRUMENT OR
AGREEMENT EVIDENCING, GOVERNING OR SECURING THE OBLIGATIONS, AS WELL AS ANY
RIGHT IT MAY HAVE OR HEREAFTER HAVE TO SPECIAL, INCIDENTIAL OR CONSEQUENTIAL
DAMAGES.

                    This
Agreement represents the entire Agreement between the parties and shall have the
effect of an instrument under seal.

	
  WITNESS:
  	
  
ADVANCED LUMITECH, INC. d/b/a BRIGHTEC
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
/s/ David Geffen
  	
  
By:
  	
  
/s/ Patrick Planche
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
 
  	
  
Patrick   Planche
  
	
  
 
  	
  
 
  	
  
 
  
	
  
WITNESS:
  	
  
ROSS/FIALKOW CAPITAL PARTNERS LLP,
TRUSTEE   OF BRIGHTEC CAPITAL TRUST
  
	
   
  	
   
  	
   
  
	
   
  	
   
  	
   
  
	
  /s/ Jeffrey P. Ross
  	
  By:
  	
  /s/ Jay L. Fialkow
  
	
   
  	
   
  	
  

  
	
   
  	
   
  	
  Jay L.   Fialkow, Manager
  

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