Document:

EXHIBIT 10.1
                                  Press Release

        ActiveCore Technologies Announces Proposed Acquisition of Cratos
                          Technology Solutions Limited

Toronto, February 22, 2005: ActiveCore Technologies, Inc. formerly IVP
Technology Corporation (OTCBB: TALL) announced today that its board of directors
has approved a binding Letter of Intent ("LOI") to acquire the common shares of
Cratos Technology Solutions Limited for the equivalent of CAD $2,400,000 in
common shares of ActiveCore Technologies and 200,000 in cash at time of closing.

Cratos, established in 1997, is a private company headquartered in Oakville,
Ontario a suburb of Toronto. Cratos is a software solutions company specializing
in international banking and financial transaction processing. The majority of
the Cratos' clients consist of banks and financial institutions who use the
processing software for services such as Visa(R), MasterCard(R), Eurocard(R),
Smart cards, debit cards, other credit cards, store cards, private label cards
and loyalty based products. Over the past few years the company has earned on
average approximately $5,000,000 in sales revenue with an EBITDA of
approximately $500,000. Most of their revenue comes from large financial
institutions throughout North America, Europe and Australia. Projects undertaken
by Cratos usually extend from a few months to over 1 year in duration.

Mr. Peter Hamilton stated, "The acquisition of Cratos is the first of several
major growth initiatives planned for in 2005. According to their most recent
financial projections Cratos is expected to add approximately $7.5 million to
our revenue and approximately $800,000 in EBITDA to income in 2005. We already
have a firm foothold in the European market with our Twincentric operation;
however, Cratos will add significant critical mass to our operations in North
America and in Europe. Cratos Technology is a solidly profitable operation that
will round out our modernization division."

Andrew Wickett, CEO of CRATOS said, "In joining the ActiveCore Team, we are able
to offer our clients a broader array of services and expertise. Together we can
evolve the business, drive future sales and expand profitability. Our
partnership with ActiveCore begins the next stage of growth for CRATOS. Our
combined Products and Services coupled with our joint international experience
will allow our enlarged company to grow rapidly. The entire CRATOS team is
delighted to have the opportunity to play a key role in ActiveCore's future."

In order to satisfy the terms of the purchase agreement, ActiveCore will conduct
a reverse split of its shares on a 10:1 basis effective March 1, 2005. The cost
of the transaction post reverse split is expected to result in the issuance of
approximately 8 million shares, of which a significant portion will be held in
escrow pending the achievement of certain net earnings benchmarks over the next
two years. Under the terms of the proposed purchase agreement, the purchase
price for CRATOS will rise if there is an over achievement in net income and
there will be a retraction of shares if net earnings are below targeted levels.
Shares provided to shareholders of CRATOS will initially be unregistered pending
an SB 2 registration document.

The projected number of shares that will be outstanding for ActiveCore following
the reverse split and the proposed acquisition of Cratos will be approximately
58,000,000. Employees, management and other affiliates will hold approximately
60% of the outstanding shares. As such, the outstanding float will consist of
approximately 23,200,000 common shares.

                                      A-1
<PAGE>

Concurrent with the reverse split, the Company will formally change its stock
listing from IVP Technology Corporation to ActiveCore Technologies, Inc. A
symbol change is also likely.

Mr. Hamilton indicated that "ActiveCore projects that it will deliver between
18-20 million in revenue in the fiscal year 2005 and will have profit after
income tax of approximately $3.5 - $4 million for an estimated Earnings Per
Share ("EPS") of .06 to .07 cents a share based on the new number of outstanding
common shares."

For the first three quarters of fiscal 2004 the company earned revenue of US
$2,994,479 for the 9 months ended September 30, 2004. Net income for the 9
months ended September 30, 2004 was US $570,882 or 0.0015 EPS on the nine month
weighted average 387,810,403 shares outstanding. During the quarter ended
September 30, 2004 the company continued to improve its balance sheet with
several preferred share transactions. Assets climbed to US $5,669,321 while
liabilities were US $3,227,027 and shareholders equity was US $2,442,294.

This press release is available on the company's official online investor
relations site for investor commentary, feedback and questions. Investors are
asked to visit http://www.agoracom.com and view the "ActiveCore" IR Hub.
Alternatively, investors can e-mail AGORA Investor Relations directly at
TALL@Agoracom.com.

About Cratos Technology Solutions Limited (www.cratos.ca)

Cratos Technology Solutions Limited was established in 1997 and is a leading
technology solutions provider for financial institutions throughout the world.
Our highly specialized staff are experts in maintaining and modernizing credit
card and other financial processing systems. From our offices near Toronto we
service and support many of the world's largest banks and finance institutions.

About ActiveCore Technologies, Inc. (www.activecore.com)

ActiveCore Technologies, Inc. formerly IVP Technology Corporation, operates a
group of subsidiaries and divisions in the US, UK and Canada that offer a Smart
Enterprise Suite of products and services. We integrate, enable, and extend
functions performed by current and legacy IT systems and facilitate mass
corporate messaging through our ActiveCast product set. Our products encompass
web portals, enterprise middleware, mobile data access, data management and
system migration applications. ActiveCore operates under the trade names of MDI
Solutions, C Comm Communications Inc. and Twincentric Limited. ActiveCore
services clients in healthcare, financial services, government and manufacturing
worldwide.

IR CONTACT:

AGORA Investor Relations
TALL@agoracom.com http://www.agoracom.com
(Select "ActiveCore" Forum)

Statements contained in this news release regarding ActiveCore Technologies,
Inc. formerly IVP Technology and planned events are forward-looking statements,
subject to uncertainties and risks, many of which are beyond ActiveCore's
control, including, but not limited to, reliance on key markets, suppliers, and
products, currency fluctuations, dependence on key personnel and trade
restrictions, each of which may be impacted, among other things, by economic,
competitive or regulatory conditions. These and other applicable risks are
summarized under the caption "Risk Factors" in ActiveCore's Registration
Statement on Form SB-2 filed with the Securities and Exchange Commission on
January 4, 2005. Forward-looking statements by their nature involve substantial
risks and uncertainties. As a result, actual results may differ materially
depending on many factors, including those described above.

                                      A-2EXHIBIT 4.1

THE SECURITIES  REFERENCED  HEREIN HAVE NOT BEEN  REGISTERED WITH OR APPROVED OR
DISAPPROVED BY THE SECURITIES  AND EXCHANGE  COMMISSION OR ANY STATE  SECURITIES
COMMISSION  NOR  HAS  THE  SECURITIES  AND  EXCHANGE  COMMISSION  OR  ANY  STATE
SECURITIES  COMMISSION  PASSED UPON THE ACCURACY OR ADEQUACY OF THE  INFORMATION
CONTAINED HEREIN.

                                 LOAN AGREEMENT

      THIS LOAN AGREEMENT,  dated as of January 25, 2005, is entered into by and
between RCG Companies Incorporated,  a Delaware corporation (the "Company"), and
each  individual  named on a signature  page hereto (as used  herein,  each such
signatory is referred to as the "Lender" or a "Lender")  (each  agreement with a
Lender being deemed a separate and independent agreement between the Company and
such  Lender,  except that each Lender  acknowledges  and consents to the rights
granted to each other Lender each, an "Other  Lender"  under such  agreement and
the Transaction Agreements, as defined below, referred to therein).

                              W I T N E S S E T H:

      WHEREAS,  the Company and each of the Lenders are executing and delivering
this  Agreement  in  accordance  with and in reliance  upon the  exemption  from
securities registration for offers and sales to accredited investors afforded by
Section 4(2) of the Securities Act of 1933, as amended (the "1933 Act"); and

      WHEREAS,  each Lender wishes to lend funds to the Company,  subject to and
upon the terms and conditions of this Agreement and acceptance of this Agreement
by the Company,  the repayment of which will be represented by Promissory  Notes
of the Company (each, a "Note"), on the terms and conditions referred to herein;
and

      WHEREAS,  in  connection  with  the  loan to be made by each  Lender,  the
Company has agreed to issue the Warrants (as that term is defined  below) to the
Lender; and

      WHEREAS,  the  Company's  obligations  to repay the Notes will be secured,
pursuant to a Pledge Agreement (the "Pledge Agreement")  executed by Flightserv,
Inc. a wholly owned subsidiary of the Company,  by a pledge of certain shares of
the common stock of FS SunTours,  d/b/a/ SunTrips (the "Pledged Shares"),  as to
which Pledged Shares Flightserv, Inc. is the registered and beneficial owner.

      NOW THEREFORE,  in  consideration of the premises and the mutual covenants
contained  herein and other good and  valuable  consideration,  the  receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

<PAGE>

      AGREEMENT TO PURCHASE; PURCHASE PRICE.

            a. PURCHASE.

                  (i) Subject to the terms and  conditions of this Agreement and
the other  Transaction  Agreements,  each  Lender  hereby  agrees to loan to the
Company the principal  amount  specified on the Lender's  signature  page hereof
(the  "Loan  Amount").  The  aggregate  Loan  Amount  of all  Lenders  shall  be
$1,098,500 (the "Aggregate Loan Amount").

                  (ii) The obligation to repay the loan from the Lender shall be
evidenced by the Company's  issuance of the Note,  which shall be in the form of
ANNEX I annexed  hereto.  The Note will be secured by the pledge of the  Pledged
Shares under the terms of the Pledge Agreement,  which Pledge Agreement shall be
substantially in the form of ANNEX II hereto (the "Pledge Agreement").

                  (iii) The loan to be made by the  Lender and the  issuance  of
the Note to the  Lender  and the  other  transactions  contemplated  hereby  are
sometimes  referred  to herein and in the other  Transaction  Agreements  as the
purchase  and sale of the  Securities  (as defined  below),  and are referred to
collectively as the "Transactions."

            b. CERTAIN DEFINITIONS.  As used herein, each of the following terms
has the meaning set forth below, unless the context otherwise requires:

            "Affiliate"  means, with respect to a specific Person referred to in
the relevant provision, another Person who or which controls or is controlled by
or is under common control with such specified Person.

            "Certificates"  means the Note each duly executed by the Company and
issued on the Closing Date in the name of the Lender.

            "Closing Date" means the date of the closing of the Transactions, as
provided herein.

            "Material  Adverse  Effect" means an event or combination of events,
which  individually  or in the  aggregate,  would  reasonably be expected to (w)
materially and adversely affect the legality,  validity or enforceability of the
Securities  or any of the  Transaction  Agreements,  (x)  have  or  result  in a
material  adverse  effect on the  results  of  operations,  assets or  condition
(financial or otherwise) of the Company and its subsidiaries,  taken as a whole,
(y) adversely  impair the  Company's  ability to perform fully on a timely basis
its  material  obligations  under  any  of  the  Transaction  Agreements  or the
transactions  contemplated  thereby,  or (z) materially and adversely affect the
value of the rights granted to the Lender in the Transaction Agreements.

            "Person"  means any living  person or any  entity,  such as, but not
necessarily limited to, a corporation, partnership or trust.

            "Principal Trading Market" means the American Stock Exchange or such
other  market on which the Common  Stock is  principally  traded at the relevant
time.

                                       2
<PAGE>

            "Securities"  means the Note,  the  Shares,  the  Warrants,  and the
shares of common stock underlying the Warrants.

            "Shares" means the Pledged Shares.

            "State of Incorporation" means Delaware.

            "Trading  Day"  means any day  during  which the  Principal  Trading
Market shall be open for business.

            "Transaction  Agreements"  means this Loan Agreement,  the Note, the
Warrants and the Pledge Agreement, and includes all ancillary documents referred
to in those agreements.

            "Warrants"  means  warrants to purchase a total of 549,250 shares of
common  stock of the  Company,  exercisable  for $1.25 per share for a period of
three (3) years, to be issued pro rata to the Lenders based on their  respective
Loan Amount.

            c.  FORM OF  PAYMENT.  The  Lender  shall  pay the  Loan  Amount  by
delivering  immediately  available  good funds in United  States  Dollars to the
Company no later than the date prior to the Closing Date.

      2. LENDER REPRESENTATIONS,  WARRANTIES,  COVENANTS; ACCESS TO INFORMATION;
INDEPENDENT INVESTIGATION.

            The Lender  represents  and  warrants to, and  covenants  and agrees
with, the Company as follows:

      a. Without limiting  Lender's right to sell the Securities  pursuant to an
effective  registration  statement or otherwise in compliance with the 1933 Act,
the Lender is purchasing the Securities for its own account for investment  only
and not with a view towards the public sale or distribution thereof and not with
a view to or for sale in connection with any distribution thereof.

      b. The Lender is (i) an  "accredited  investor" as that term is defined in
Rule 501 of the General  Rules and  Regulations  under the 1933 Act by reason of
Rule 501(a)(3),  (ii) experienced in making investments of the kind described in
this Agreement and the related documents,  (iii) able, by reason of the business
and  financial  experience  of its  officers  (if an  entity)  and  professional
advisors (who are not  affiliated  with or compensated in any way by the Company
or any of its  Affiliates  or selling  agents),  to protect its own interests in
connection with the  transactions  described in this Agreement,  and the related
documents,  and to  evaluate  the  merits  and  risks  of an  investment  in the
Securities,  and (iv) able to afford the entire  loss of its  investment  in the
Securities.

      c. All  subsequent  offers and sales of the Securities by the Lender shall
be made pursuant to registration of the relevant  Securities  under the 1933 Act
or pursuant to an exemption from registration.

                                       3
<PAGE>

            d. The Lender  understands that the Securities are being offered and
sold to it in reliance on specific exemptions from the registration requirements
of the 1933 Act and state  securities  laws and that the Company is relying upon
the  truth  and   accuracy   of,  and  the   Lender's   compliance   with,   the
representations,  warranties, agreements,  acknowledgments and understandings of
the Lender  set forth  herein in order to  determine  the  availability  of such
exemptions and the eligibility of the Lender to acquire the Securities.

            e. The Lender and its advisors,  if any, have been furnished with or
have been given access to all materials  relating to the business,  finances and
operations  of the Company and  materials  relating to the offer and sale of the
Securities which have been requested by the Lender, including those set forth in
any annex  attached  hereto.  The Lender  and its  advisors,  if any,  have been
afforded the  opportunity to ask questions of the Company and its management and
have received complete and satisfactory  answers to any such inquiries.  WITHOUT
LIMITING  THE  GENERALITY  OF  THE  FOREGOING,  THE  LENDER  HAS  ALSO  HAD  THE
OPPORTUNITY TO OBTAIN AND TO REVIEW THE COMPANY'S FILINGS ON EDGAR.

            f. The Lender  understands  that its  investment  in the  Securities
involves a high degree of risk.

            g.  The  Lender  hereby  represents  that,  in  connection  with its
purchase of the Securities, it has not relied on any statement or representation
by the Company or any of its  officers,  directors  and  employees or any of its
attorneys or agents, except as specifically set forth herein.

            h. The Lender  understands  that no United  States  federal or state
agency or any other government or governmental  agency has passed on or made any
recommendation or endorsement of the Securities.

            i. The Lender  acknowledges  that the Lender has relied  solely upon
Lender's  own tax  advisors  with  respect  to all tax  matters  related to this
investment.

            j. This Agreement and the other Transaction  Agreements to which the
Lender is a party, and the transactions contemplated thereby, have been duly and
validly authorized, executed and delivered on behalf of the Lender and are valid
and  binding  agreements  of the Lender  enforceable  in  accordance  with their
respective terms,  subject as to enforceability to general  principles of equity
and to bankruptcy,  insolvency,  moratorium and other similar laws affecting the
enforcement of creditors' rights generally.

      3. COMPANY REPRESENTATIONS.

            The  Company  represents  and  warrants to the Lender as of the date
hereof and as of the  Closing  Date that,  except as  otherwise  provided in the
Company's SEC Documents:

            a. STATUS.  The Company is a  corporation  duly  organized,  validly
existing and in good standing under the laws of the State of  Incorporation  and
has the  requisite  corporate  power to own its  properties  and to carry on its
business  as now being  conducted.  The Company is duly  qualified  as a foreign
corporation  to do business and is in good standing in each  jurisdiction  where
the  nature  of the  business  conducted  or  property  owned by it  makes  such
qualification necessary,  other than those jurisdictions in which the failure to
so qualify would not have or result in a Material  Adverse  Effect.  The Company
has registered its stock and is obligated to file reports pursuant to Section 12
or Section  15(d) of the  Securities  and Exchange Act of 1934,  as amended (the
"1934 Act").  The Common Stock is quoted on the Principal  Trading  Market.  The
Company has  received no notice,  either  oral or written,  with  respect to the
continued  eligibility  of the Common Stock for such  quotation on the Principal
Trading Market.

                                       4
<PAGE>

            b.  TRANSACTION  AGREEMENTS.  This  Agreement  and each of the other
Transaction  Agreements,  and the transactions  contemplated  thereby, have been
duly and  validly  authorized  by the  Company,  this  Agreement  has been  duly
executed and delivered by the Company and this Agreement is, and the Notes,  the
Warrants  and  each of the  other  Transaction  Agreements,  when  executed  and
delivered by the Company,  will be, valid and binding  agreements of the Company
enforceable  in  accordance  with  their   respective   terms,   subject  as  to
enforceability  to general  principles of equity and to bankruptcy,  insolvency,
moratorium,  and other  similar laws  affecting  the  enforcement  of creditors'
rights generally.

            c.  NON-CONTRAVENTION.  The execution and delivery of this Agreement
and each of the other Transaction Agreements by the Company, the issuance of the
Securities,  and the  consummation  by the  Company  of the  other  transactions
contemplated  by  this  Agreement,   the  Notes,  the  Warrants  and  the  other
Transaction  Agreements  do not and will not conflict with or result in a breach
by the Company of any of the terms or  provisions  of, or  constitute  a default
under (i) the certificate of  incorporation  or by-laws of the Company,  each as
currently  in effect,  (ii) any  indenture,  mortgage,  deed of trust,  or other
material  agreement or instrument to which the Company is a party or by which it
or any of its  properties or assets are bound,  or (iii) to its  knowledge,  any
existing applicable law, rule, or regulation or any applicable decree, judgment,
or  order  of any  court,  United  States  federal  or  state  regulatory  body,
administrative  agency, or other governmental body having  jurisdiction over the
Company or any of its properties or assets;  except where such conflict,  breach
or default which would not have or result in a Material Adverse Effect.

            d. FILINGS.  To the Company's  knowledge,  none of the Company's SEC
Documents  contained,  at the time they were filed,  any untrue  statement  of a
material  fact or  omitted  to state any  material  fact  required  to be stated
therein  or  necessary  to make  the  statements  made  therein  in light of the
circumstances under which they were made, not misleading.

            e. NO BROKERS. There are no broker, finder or investment banker fees
or  commissions  owed or to be owed by or on behalf of the Company or any Lender
in connection with the transactions contemplated by this Agreement.

      4. CERTAIN COVENANTS AND ACKNOWLEDGMENTS.

            a.  TRANSFER  RESTRICTIONS.  The  Lender  acknowledges  that (1) the
Securities  have not been and are not being  registered  under the provisions of
the 1933 Act and,  the Shares have not been and are not being  registered  under
the 1933 Act,  and may not be  transferred  unless (A)  subsequently  registered
thereunder  or (B) the Lender shall have  delivered to the Company an opinion of
counsel, reasonably satisfactory in form, scope and substance to the Company, to
the  effect  that  the  Securities  to be  sold  or  transferred  may be sold or
transferred pursuant to an exemption from such registration; (2) any sale of the
Securities  made in reliance on Rule 144  promulgated  under the 1933 Act may be
made only in accordance with the terms of said Rule and further, if said Rule is
not applicable,  any resale of such Securities under  circumstances in which the
seller,  or the  Person  through  whom the sale is made,  may be deemed to be an
underwriter,  as that term is used in the 1933 Act, may require  compliance with
some other  exemption under the 1933 Act or the rules and regulations of the SEC
thereunder;  and (3)  neither  the  Company  nor any  other  Person is under any
obligation to register the  Securities  under the 1933 Act or to comply with the
terms and conditions of any exemption thereunder.

                                       5
<PAGE>

            b.  RESTRICTIVE  LEGEND.  The Lender  acknowledges  and agrees that,
until such time as the relevant Shares have been registered  under the 1933 Act,
and  sold  in  accordance  with  an  effective   registration   statement,   the
certificates and other instruments representing any of the Securities shall bear
a restrictive  legend in  substantially  the following form (and a stop-transfer
order may be placed against transfer of any such Securities):

      THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  UNDER THE  SECURITIES ACT OF
      1933, AS AMENDED,  OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD
      OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE  REGISTRATION STATEMENT
      FOR THE SECURITIES OR AN OPINION OF COUNSEL OR OTHER  EVIDENCE  ACCEPTABLE
      TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

            c. FILINGS.  Each of the parties hereby consents to the inclusion of
the text of the  Transaction  Agreements in filings made with the SEC as well as
any descriptive  text  accompanying or part of such filing which is accurate and
reasonably  determined  by the  Company's  counsel to be legally  required.  The
Company will, after the Closing Date, promptly file a Current Report on Form 8-K
or, if  appropriate,  a  quarterly  or annual  report on the  appropriate  form,
referring to the transactions contemplated by the Transaction Agreements.

            d.  INDEPENDENT  NATURE OF  LENDERS'  OBLIGATIONS  AND  RIGHTS.  The
obligations of each Lender under the Transaction  Agreements are several and not
joint  with  the  obligations  of any  Other  Lender,  and no  Lender  shall  be
responsible  in any way for the  performance  of the  obligations  of any  Other
Lender under any one or more of the Transaction Agreements. The decision of each
Lender or Other  Lender  to  purchase  Securities  pursuant  to the  Transaction
Agreements  has been made by such  Lender  independently  of any  Other  Lender.
Nothing contained herein or in any Transaction Agreement, and no action taken by
any  Lender  pursuant  thereto,  shall be deemed to  constitute  any two or more
Lenders as a partnership,  an association,  a joint venture or any other kind of
entity,  or  create a  presumption  that the  Lenders  are in any way  acting in
concert  or as a group  with  respect to such  obligations  or the  transactions
contemplated by the Transaction  Agreements.  Each Lender  acknowledges  that no
Other  Lender has acted as agent for such Lender in  connection  with making its
investment  hereunder  and that no Lender  will be acting as agent of such Other
Lender in  connection  with  monitoring  its  investment  in the  Securities  or
enforcing  its rights  under the  Transaction  Agreements.  Each Lender shall be
entitled to  independently  protect and enforce its rights,  including,  without
limitation,  the  rights  arising  out of  this  Agreement  or out of the  other
Transaction Agreements, and it shall not be necessary for any Other Lender to be
joined as an additional party in any proceeding for such purpose.

                                       6
<PAGE>

            e. INDEPENDENT INVESTMENT DECISION. No Lender has agreed to act with
any Other Lender for the purpose of acquiring,  holding,  voting or disposing of
the Securities  purchased hereunder for purposes of Section 13(d) under the 1934
Act, and each Lender is acting  independently  with respect to its investment in
the Securities.  The decision of each Lender to purchase  Securities pursuant to
this Agreement has been made by such Lender  independently of any other purchase
and  independently of any information,  materials,  statements or opinions as to
the business, affairs, operations, assets, properties,  liabilities,  results of
operations,  condition  (financial  or otherwise) or prospects of the Company or
its  subsidiaries  which may have  made or given by any  Other  Lender or by any
agent or  employee  of any Other  Lender,  and no Lender or any of its agents or
employees  shall have any  liability to any Other  Lender (or any other  person)
relating  to or arising  from any such  information,  materials,  statements  or
opinions.

      5. CLOSING DATE.

            a. The  Closing  Date  shall  occur on the date  which is the  first
Trading Day after each of the conditions contemplated by Sections 6 and 7 hereof
shall have either been satisfied or been waived by the party in whose favor such
conditions run.

            b. The closing of the  Transactions  shall occur on the Closing Date
at the  offices  of Adorno & Yoss,  LLP and shall  take place no later than 3:00
P.M.,  New York  time,  on such day or such  other  time,  place or manner as is
mutually agreed upon by the Company and the Lender.

      6. CONDITIONS TO THE COMPANY'S OBLIGATION TO SELL.

            The Lender  understands  that the  Company's  obligation to sell the
Notes,  the Shares and the Warrants to the Lender  pursuant to this Agreement on
the Closing Date is conditioned upon:

            a. The execution and delivery of this Agreement by the Lender;

            b. Delivery by the Lender good funds as payment in full of an amount
equal to the Loan Amount in accordance with this Agreement;

            c. The  accuracy on such  Closing  Date of the  representations  and
warranties of the Lender  contained in this  Agreement,  each as if made on such
date, and the  performance by the Lender on or before such date of all covenants
and  agreements  of the Lender  required to be performed on or before such date;
and

            d.  There  shall  not be in  effect  any  law,  rule  or  regulation
prohibiting or restricting the transactions  contemplated  hereby,  or requiring
any consent or approval, which shall not have been obtained.

                                       7
<PAGE>

      7. CONDITIONS TO THE LENDER'S OBLIGATION TO PURCHASE.

            The Company understands that the Lender's obligation to purchase the
Notes and the Warrants on the Closing Date is conditioned upon:

            a. The  execution  and  delivery  of this  Agreement  and the  other
Transaction Agreements by the Company;

            b. The execution and delivery of the Pledge Agreement;

            c. The accuracy in all material  respects on the Closing Date of the
representations and warranties of the Company contained in this Agreement,  each
as if made on such date,  and the  performance  by the Company on or before such
date of all covenants and agreements of the Company  required to be performed on
or before such date; and

            d.  There  shall  not be in  effect  any  law,  rule  or  regulation
prohibiting or restricting the transactions  contemplated  hereby,  or requiring
any consent or approval, which shall not have been obtained.

      8. JURY TRIAL WAIVER.

            The  Company  and the  Lender  hereby  waive a trial  by jury in any
action,  proceeding  or  counterclaim  brought by either of the  Parties  hereto
against the other in respect of any matter arising out or in connection with the
Transaction Agreements.

      9. GOVERNING LAW: MISCELLANEOUS.

            a. This Agreement shall be governed by and interpreted in accordance
with the laws of the State of Delaware for  contracts to be wholly  performed in
such state and without  giving effect to the  principles  thereof  regarding the
conflict of laws.

            b.  Failure of any party to exercise  any right or remedy under this
Agreement or otherwise,  or delay by a party in exercising such right or remedy,
shall not operate as a waiver thereof.

            c. This Agreement  shall inure to the benefit of and be binding upon
the successors and assigns of each of the parties hereto.

            d. All pronouns and any  variations  thereof refer to the masculine,
feminine or neuter, singular or plural, as the context may require.

            e. A facsimile  transmission of this signed Agreement shall be legal
and binding on all parties hereto.

            f. This Agreement may be signed in one or more counterparts, each of
which shall be deemed an original.

                                       8
<PAGE>

            g. The headings of this  Agreement are for  convenience of reference
and shall not form part of, or affect the interpretation of, this Agreement.

            h.  If  any  provision  of  this  Agreement   shall  be  invalid  or
unenforceable in any jurisdiction, such invalidity or unenforceability shall not
affect the validity or  enforceability of the remainder of this Agreement or the
validity or enforceability of this Agreement in any other jurisdiction.

            i. This  Agreement  may be amended only by an  instrument in writing
signed by the party to be charged with enforcement thereof.

            j. This Agreement supersedes all prior agreements and understandings
among the parties hereto with respect to the subject matter hereof.

      10. NOTICES.

            Any notice required or permitted hereunder shall be given in writing
(unless otherwise specified herein) and shall be deemed effectively given on the
earliest of

            a. the date delivered,  if delivered by personal delivery as against
written receipt therefor or by confirmed facsimile transmission,

            b. the  third  Trading  Day after  mailing  by  receipted  overnight
courier, with delivery costs and fees prepaid,

in each case,  addressed to each of the other parties thereunto  entitled at the
following  addresses (or at such other  addresses as such party may designate by
ten (10)  days'  advance  written  notice  similarly  given to each of the other
parties hereto):

      COMPANY:               RCG Companies Incorporated
                             6836 Morrison Blvd., Suite 200
                             Charlotte, North Carolina  28211
                             Attention:  President
                             Telephone No.:  (704) 366-5054
                             Telecopier No.:  (704) 366-5056

                             with a copy to:

                             Adorno & Yoss, LLP
                             350 East Las Olas Boulevard, Suite 1700
                             Fort Lauderdale, Florida 33301
                             Attention: Joel D. Mayersohn, Esq.
                             Telephone No.:  (954) 763-1200
                             Telecopier No.: (954) 766-7800

      LENDER:                At the address set forth on the signature page of
                             this Agreement.

                                       9
<PAGE>

      11. SURVIVAL OF REPRESENTATIONS AND WARRANTIES.

            The Company's and the Lender's representations and warranties herein
shall survive the  execution and delivery of this  Agreement and the delivery of
the  Certificates  and the  payment of the Loan  Amount,  and shall inure to the
benefit  of the Lender  and the  Company  and their  respective  successors  and
assigns.

                  [REMIANDER OF PAGE INTENTIOANALLY LEFT BLANK]

                                       10
<PAGE>

      IN WITNESS WHEREOF,  with respect to the Loan Amount specified below, this
Agreement  has been duly  executed  by the Lender and the Company as of the date
set first above written.

        LOAN AMOUNT:                               $______________

                                     LENDER

                             Printed Name of Lender

Telephone No. _______________________      By: _________________________________
Telecopier No._______________________          (Signature of Authorized Person)

_____________________________________         __________________________________
Jurisdiction of Incorporation                       Printed Name and Title
or Organization

                                     COMPANY

RCG COMPANIES INCORPORATED

By: ________________________________
   (Signature of Authorized Person)

____________________________________
Printed Name and Title
<PAGE>

                                     ANNEX I
                                  FORM OF NOTE

<PAGE>

                                    ANNEX II
                                PLEDGE AGREEMENT

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