Document:

Exhibit 10.1

ASSET PURCHASE AGREEMENT

(Acufile and IntelliPlant Software)

by and between

SHEA DEVELOPMENT CORP. and INFORMATION INTELLECT, INC.,

As Seller,

and

POWERPLAN CONSULTANTS, INC.,

As Buyer

Dated as of August 14, 2007

TABLE
OF CONTENTS

	
  

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
  DEFINITIONS

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
  ACQUISITION OF ACQUIRED ASSETS

  	
   

  	
  3

  
	
   

  	
  2.1

  	
  Purchase and Sale of Acquired Assets

  	
   

  	
  3

  
	
   

  	
  2.2

  	
  No Transfer or Assumption of Liabilities or
  Obligations

  	
   

  	
  4

  
	
   

  	
  2.3

  	
  Purchase Consideration

  	
   

  	
  4

  
	
   

  	
  2.4

  	
  Conditions Precedent to Closing

  	
   

  	
  4

  
	
   

  	
  2.5

  	
  Time and Place of Closing

  	
   

  	
  5

  
	
   

  	
  2.6

  	
  Closing Deliveries and Post-Closing Cessation of
  Seller’s Software Business

  	
   

  	
  5

  
	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
  REPRESENTATIONS AND WARRANTIES OF SELLER

  	
   

  	
  5

  
	
   

  	
  3.1

  	
  Organization and Authority

  	
   

  	
  5

  
	
   

  	
  3.2

  	
  Title to Assets

  	
   

  	
  6

  
	
   

  	
  3.3

  	
  Intellectual Property

  	
   

  	
  6

  
	
   

  	
  3.4

  	
  Licenses, Maintenance and Support Obligations and
  Escrow Documents

  	
   

  	
  7

  
	
   

  	
  3.5

  	
  Legal Proceedings; Orders

  	
   

  	
  7

  
	
   

  	
  3.6

  	
  Brokers or Finders

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
  REPRESENTATIONS AND WARRANTIES OF BUYER

  	
   

  	
  8

  
	
   

  	
  4.1

  	
  Organization and Authority

  	
   

  	
  8

  
	
   

  	
  4.2

  	
  Certain Proceedings

  	
   

  	
  8

  
	
   

  	
  4.3

  	
  Brokers or Finders

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
  EMPLOYEES

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
  LIMITED LICENSE BACK TO SELLER FOR SUPPORT
  BUSINESS; COVENANT TO FULFILL MAINTENANCE OBLIGATIONS; POST-CLOSING
  ENFORCEMENT AND ASSIGNMENT OF LICENSES

  	
   

  	
  9

  
	
   

  	
  6.1

  	
  Support License
  to Seller; Title to Derivative Works; Source Code Protection

  	
   

  	
  9

  
	
   

  	
  6.2

  	
  Fulfillment of
  Maintenance Obligations

  	
   

  	
  9

  
	
   

  	
  6.3

  	
  Early
  Termination of Maintenance Obligations by Mutual Consent

  	
   

  	
  10

  
	
   

  	
  6.4

  	
  Enforcement of
  Licensee Obligations

  	
   

  	
  10

  
	
   

  	
  6.5

  	
  Post-Closing
  Assignment of Licenses

  	
   

  	
  10

  
	
   

  	
  6.6

  	
  Buyer May Offer
  Substitute Software

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
  CONFIDENTIALITY

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
  TERMINATION

  	
   

  	
  11

  
	
   

  	
  8.1

  	
  Termination Events

  	
   

  	
  11

  
	
   

  	
  8.2

  	
  Effect of Termination

  	
   

  	
  11

  
	
   

  	
   

  	
   

  	
   

  
	
  9.

  	
  POST-CLOSING RESTRICTIONS ON SELLER

  	
   

  	
  11

  
	
   

  	
  9.1

  	
  Noncompetition

  	
   

  	
  11

  
	
   

  	
  9.2

  	
  Nonsolicitation

  	
   

  	
  12

  
	
   

  	
  9.3

  	
  Mutual Nondisparagement

  	
   

  	
  12

  
	
   

  	
  9.4

  	
  Modification of Covenant

  	
   

  	
  12

  

 

 

	
  10.

  	
  SURVIVAL OF WARRANTIES AND COVENANTS;
  INDEMNIFICATION

  	
   

  	
  12

  
	
   

  	
  10.1

  	
  Survival

  	
   

  	
  12

  
	
   

  	
  10.2

  	
  Indemnification and Reimbursement by Seller

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  
	
  11.

  	
  GENERAL PROVISIONS

  	
   

  	
  14

  
	
   

  	
  11.1

  	
  Expenses

  	
   

  	
  14

  
	
   

  	
  11.2

  	
  Notices

  	
   

  	
  14

  
	
   

  	
  11.3

  	
  Further Assurances

  	
   

  	
  14

  
	
   

  	
  11.4

  	
  Waiver

  	
   

  	
  14

  
	
   

  	
  11.5

  	
  Entire Agreement and Modification

  	
   

  	
  15

  
	
   

  	
  11.6

  	
  Successors; No Third-Party Rights

  	
   

  	
  15

  
	
   

  	
  11.7

  	
  Severability

  	
   

  	
  15

  
	
   

  	
  11.8

  	
  Time of Essence

  	
   

  	
  15

  
	
   

  	
  11.9

  	
  Governing Law

  	
   

  	
  15

  
	
   

  	
  11.10

  	
  Specific Performance

  	
   

  	
  15

  
	
   

  	
  11.11

  	
  Counterparts

  	
   

  	
  16

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EXHIBITS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Exhibit A

  	
  Assignment and Bill of Sale

  	
   

  	
   

  
	
   

  	
  Exhibit B

  	
  Officer’s Certificate

  	
   

  	
   

  
	
   

  	
  Exhibit C

  	
  Form of Notification

  	
   

  	
   

  
						

 

 ii

ASSET
PURCHASE AGREEMENT

This
Asset Purchase Agreement for Acufile and IntelliPlant Software and related assets (this “Agreement”)
is made and entered into as of this 14th day of August, 2007, by and between  Shea Development Corp.,
a Nevada corporation  having its
principal place of business at  1351 Dividend Drive, Suite G, Marietta, GA
30067 (“Shea”) and Information Intellect,
Inc., a Georgia corporation also having its principal place of
business at  1351 Dividend Drive, Suite G, Marietta, GA
30067 (the “Company”) (Shea and Information Intellect being
hereinafter sometimes collectively referred to as “Seller”), and PowerPlan Consultants, Inc., a
Delaware corporation, having its principal place of business at 1600 Parkwood
Circle, Suite 600, Atlanta, Georgia 
30339 (“Buyer”) (Seller and Buyer are hereinafter referred to
individually as a “Party” or collectively as the “Parties”).  Capitalized
terms used and not otherwise defined herein have the meanings set forth in
Section 1.

RECITALS

The Company has
developed and currently markets and supports the Software, has used the
Trademarks in relation thereto, and is the owner of the other Acquired Assets;
and Shea is the owner of all of the outstanding shares of the capital stock of
the Company.

The overall goals of this
transaction are to transfer to Buyer all rights in the Software, the
Trademarks, and the other Acquired Assets; to compensate Seller for these
assets; and to provide for an orderly exit of the Software Business by Seller
via Seller’s ongoing fulfillment of its existing contractual obligations with
respect to the Software Business, including its warranty, maintenance and
support obligations.

To achieve these
goals, Buyer desires to purchase the Software, the Trademarks and the other
Acquired Assets from Seller, if Seller desires to sell the same to Buyer, and
the parties wish to undertake other obligations towards one another, all as
more specifically set forth below.

AGREEMENT

In consideration of
the premises and the mutual promises herein made, and in consideration of the
representations, warranties, and covenants herein contained, the Parties hereby
agree as follows:

1.                                      DEFINITIONS

For purposes of
this Agreement, the following words, terms and phrases, shall have the
following meanings and terms elsewhere defined in context shall have the
meanings there assigned:

“Acquired
Assets” means the Software; all Intellectual Property and other proprietary
rights in the Software; all rights in the Trademarks; all rights in any
licenses held by Seller to Intellectual Property of third parties that is used
as a component of the Software, or that is used as a Trademark; all the
goodwill associated with the Trademarks and the Software Business; all
Competitive Restriction Rights of Seller with regard to any of Seller’s
employees; and the originals of all Intellectual Property registration,
licenses and other documents referred to in the final sentence of Section
3.3(b) and of all Intellectual Property assignments, etc. referred to in
Section 3.3(f).  “Acquired Assets” does
not include any cash or accounts receivable of Seller, or any contract rights
of Seller other than Competitive Restriction Rights and licenses and
Intellectual Property assignments as described above.  For avoidance of doubt, the Acquired Assets
do not include any assets used exclusively in connection with lines of business
of the Company other than the Software Business.

“Closing
Documents” means the Bill of  Sale
and Software and Trademark Assignment attached hereto as Exhibit A and the
Officer’s Certificate attached hereto as Exhibit B.

“Competitive
Restriction Rights” means all contractual or common-law rights of Seller to
prevent any of Seller’s present or former employees, consultants or independent
contractors from (a) competing with the Software Business or engaging in a
business competitive with the Software Business as an employee, investor,
consultant, etc.; (b) disclosing any trade secrets or confidential information
relating to the Software Business; (c) violating any of Seller’s Intellectual
Property rights; (d) soliciting on behalf of a business competitive with the
Software Business, any customer of the Software Business; or (e) soliciting for
other employment, any persons employed by the Software Business.

 “Contemplated Transactions” means (a)
the acquisition of the Acquired Assets by Buyer from Seller and the payment of
the Purchase Consideration therefor; (b) the execution, delivery and
performance of the Closing Documents, and (c) the performance by the Parties of
their other covenants and obligations under this Agreement and the Closing
Documents.

“Escrow
Agreement” means any contract made by either party constituting Seller that
governs a third-party escrow of any Source Code of any of the Software and
provides for the release of the escrowed Source Code to, or for the benefit of,
a licensee under specified conditions. 
The parties to an Escrow Agreement would, at a minimum, include a Seller
party and a third-party escrow agent; the licensee/beneficiary may be a party
to the Agreement, or may simply be listed on a list of beneficiaries.

“Escrow
Documents” means all Escrow Agreements, all Escrow Requirements, and all
Source Code Licenses.

“Escrow
Requirement” means any provision of a Software license or other agreement
between a Seller party and a licensee of the Software, that either (a) imposes
an absolute or contingent requirement upon the Company to establish an Escrow
Agreement for the benefit of the licensee, or (b) imposes an absolute or
contingent requirement upon the Company to release or deliver Source Code for
any of the Software directly to the licensee.

“Intellectual Property”
means all trademarks and trademark rights, trade names and trade name rights,
service marks and service mark rights, service names and service name rights,
patents and patent rights, utility models and utility model rights, copyrights, mask work rights, brand names, trade dress,
product designs, product packaging, business and product names, logos, slogans,
rights of publicity, trade secrets, inventions (whether patentable or not),
invention disclosures, improvements, processes, formulae, industrial models,
processes, designs, specifications, technology, methodologies, computer
software (including all Source Code and object code), firmware, development tools,
flow charts, annotations, all databases and data collections and all rights
therein, any other confidential and proprietary right or information, whether
or not subject to statutory registration, and all related technical
information, the information set forth in manufacturing, engineering and
technical drawings, know-how and all pending applications for and registrations
of patents, utility models, trademarks, service marks and copyrights, and the
right to sue for past infringement, if any, in connection with any of the
foregoing.

“License” means any
agreement to which a Seller is a
party, that entitles any other party (a “Licensee”) to possess or use any of
the Software.

“Maintenance Obligations”
is defined in Section 3.4(b).

 2
 

“Software”
means all executable code, object code and Source Code versions of the two
asset management and accounting software product lines heretofore marketed by
Seller as “Acufile” and “IntelliPlant” including all versions, whether current or past, thereof and all
related user and programmer documentation, user, configuration, or installation
manuals, specifications, flow charts, logic diagrams, bug reports and debugging
reports, development records and version integrity and change management files,
and including all graphic, video, audio or textual content in any of the
foregoing. Acufile
is a software system used by asset-
and capital-intensive companies, including utilities and energy companies to, among other
things, compute tax depreciation, maintain deferred taxes, calculate regulatory
assets or liabilities and automate the monthly closing process.  IntelliPlant is a complete capital project
and fixed asset system designed specifically for asset- and capital-intensive
companies, including utilities and energy companies, which enables
organizations to manage capital construction from the initial capital request
(either through a project or work order) through the entire life cycle of
construction, capitalization, depreciation and asset retirement.

“Software
Business” means the business activities of the Company related to the
development, use, licensing, marketing, maintenance, updating, support and
error correction of the Software.

“Software
Intellectual Property” means all the Intellectual Property embodied in or related
to the Software or used by Seller exclusively in the Software Business.

“Support
Business” means the provision, by or on behalf of the Company, of
warranty, maintenance, user support, error correction, and update services with
respect to the Software, as required by contractual commitments of the Company
in existence as of the date of this Agreement.

“Source
Code” means any embodiment of any of the Software in the form of a
programming language that can be read by a suitably trained human programmer
(as opposed to object or executable code or machine language), together with
any programmer’s comments maintained by Seller with its copies of the
programming-language source code, and any linking, compiling and other instructions or
documentation necessary to enable competent programming professionals to
create executable code from the source code.

“Source
Code License” means any contract or contractual provision (whether or not
denominated a “license”) that prescribes the terms, conditions and restrictions
applicable to the possession and use of Source Code by a licensee of the
Software to whom Source Code of any Software has been released.

“Trademarks”
means all versions of the marks “Acufile” and “IntelliPlant,” together with any
other marks, whether or not registered, used by Seller as trademarks or service
marks exclusively in connection with the Software or the Software Business,
including any logos or other graphic representations thereof.

“Proceeding”
means any action, arbitration, hearing, charge, investigation, litigation, or
suit (whether civil, criminal, administrative, or investigative) commenced,
brought, conducted, or heard by or before, or involving, any governmental body
or arbitrator.

2.                                       ACQUISITION OF ACQUIRED ASSETS

2.1         Purchase and Sale of
Acquired Assets

On
the terms and subject to the conditions set forth in this Agreement, Buyer
agrees to purchase from Seller, and Seller agrees to sell, transfer, convey,
assign and deliver to Buyer, at the Closing,

 3
 

the Acquired Assets, for the
consideration specified in Section 2.3 below, free and clear of any liens or
security interests.

2.2        No Transfer or Assumption of Liabilities or Obligations.

Buyer is not assuming
any liability or obligation of any other Party that existed, was accrued, or is
based on matters that occurred, prior to the date of this Agreement.  In particular, and without limiting the
generality of the foregoing, Buyer shall not assume any liabilities or
obligations of Seller arising out of the operation of the Software Business
prior to Closing or the operation of the Support Business either before or
after Closing, and Seller shall retain all such liabilities and obligations.

2.3        Purchase Consideration

In
consideration for the sale, transfer, conveyance, assignment, and delivery of
the Acquired Assets by Seller to Buyer, Buyer shall deliver at Closing the
Purchase Consideration, consisting of US $1,000,000, by check or wire transfer
payable to Shea Development Corp. at Shea Development Operating Account –
Comerica Bank, Bank Code 111000753, Account Number 1881035255.

2.4        Conditions Precedent to Closing.

(a)                                  Buyer’s obligation to consummate the
Contemplated Transactions is expressly conditioned on the occurrence of the
following conditions precedent:

(i)                                    All of the employees of Seller who have been
interviewed and offered employment by Buyer pursuant to Section 5 below, or a
subset thereof satisfactory to Buyer, shall have accepted employment with Buyer
at salaries, and upon terms and conditions (including covenants relating to
competition with Buyer) acceptable to Buyer.

(ii)                                 Buyer shall have had adequate opportunity to
review and evaluate the documents referred to in Sections 3.3(b), 3.3(f) and 5
below, the Licenses, the Maintenance Obligations, and the Escrow Documents, and
any other documents referred to in the Schedules, and Seller shall have
provided Buyer with such additional available information relating thereto as
Buyer may have reasonably requested;

(iii)                              Buyer shall have approved the terms of the
documents referred to in Sections 3.3(b), 3.3(f) and 5 below and of all
existing Licenses, Maintenance Obligations and Escrow Documents,  and shall have approved the form of any
proposed new Escrow Documents needed to fulfill any obligations of Seller to
enter into Escrow Documents.  In considering
approval of any new Escrow Documents, Buyer shall be entitled to require that
Buyer be named as an express third-party beneficiary thereof.

(iv)                             The
representations and warranties of Seller herein shall be true as of the Closing
Date, and Seller shall have complied with all its obligations accruing
hereunder prior to the Closing Date.

(v)                                This Agreement shall not have been
terminated.

 4
 

(b)                                 Seller’s obligation to consummate the
Contemplated Transactions is expressly conditioned on the occurrence of the
following conditions precedent:

(i)                                    Buyer shall have offered employment to at
least seven (7) of the employees of Seller interviewed pursuant to Section 5.

(ii)                                 The representations and warranties of Buyer
herein shall be true as of the Closing Date, and Buyer shall have complied with
all its obligations accruing hereunder prior to the Closing Date.

(iii)                              This
Agreement shall not have been terminated.

2.5        Time and Place of Closing

The closing
of the Contemplated Transactions (the “Closing”) shall take place upon
not less than three (3) business days’ notice from Buyer to Seller (the “Closing
Date”), at the offices of Buyer’s counsel in Atlanta, Georgia.  The Closing shall be effective as of 11:59
p.m. on the Closing Date, not later than August 24, 2007.

2.6        Closing Deliveries and Post-Closing Cessation of Seller’s Software
Business

(a)                                  At the Closing, Buyer shall deliver the
Purchase Consideration.

(b)                                 At the Closing, Buyer and Seller shall each
execute and deliver the Closing Documents to one another.

(c)                                  Simultaneously with the Closing, Seller shall
deliver to Buyer physical possession of all of the Acquired Assets, subject to
Seller’s license from Buyer to possess and use copies of certain of those
assets to operate the Support Business after Closing as set forth in Section 6
below.

(d)                                 Promptly after the Closing, Seller shall
undertake an orderly exit of the Software Business.  Seller will promptly publish on its website,
and transmit to each of its Licensees who are parties to ongoing Maintenance Obligations,
an announcement, in a form approved by Buyer, stating that Seller will be
exiting the business and will no longer market or sell the Software, except for
providing support to existing Licensees as required by its existing contractual
commitments (see Exhibit C).

3.                                       REPRESENTATIONS AND WARRANTIES OF SELLER

The Parties constituting
Seller jointly and severally represent and warrant to Buyer that the statements
contained in this Section 3 are true, correct and complete as of the date
hereof, and will be true, correct and complete as of the Closing Date:

3.1        Organization and Authority

(a)                                  The parties constituting Seller are
corporations duly organized, and validly existing under the laws of Nevada
(Shea) and Georgia (the Company), each with all requisite corporate power,
authority and capacity to execute and deliver this Agreement and the Closing
Documents and to perform its obligations under this Agreement and the Closing
Documents. Seller has duly approved and authorized this Agreement and the
Contemplated Transactions.

 5
 

(b)                                 Neither the execution and delivery of this
Agreement nor the consummation or performance of any of the Contemplated
Transactions will, directly or indirectly (with or without notice or lapse of
time) contravene, conflict with, or result in a violation of, any
provision of the articles or certificate of incorporation of, or the bylaws of, of Seller, or any contract or undertaking by
which Seller or the Acquired Assets may be bound.

3.2        Title to Assets

(a)                                  Seller has, and at Closing will have, good
title to all of the Acquired Assets, and Seller has the unrestricted right to
transfer these rights to Buyer, free and clear of all mortgages, liens,
pledges, charges or encumbrances of any kind or character.

3.3        Intellectual Property

(a)                                  The Company owns, or is licensed or otherwise
possesses legally enforceable rights to use, all Software Intellectual Property
that is or has been used in the Software Business. Except as set forth in
Schedule 3.3(a), the Company has not (i) licensed or delivered any Source Code
to any third party or (ii) entered into any exclusive agreements relating to
any Software Intellectual Property with any third party. Seller is not
contractually obligated to provide the Software in the future to any third
party, under license or otherwise, except to the Licensees pursuant to
Licenses, Maintenance Obligations, and Escrow Documents disclosed under Section
3.4 and heretofore delivered to Buyer.

(b)                                 Schedule 3.3(b) lists (i) all patents and
patent applications and all registered trademarks, trade names and service
marks, registered copyrights, and domain names, included in the Software
Intellectual Property, including the jurisdictions in which each such
Intellectual Property right has been issued or registered or in which any application
for such issuance and registration has been filed, (ii) all unregistered
Trademarks used in connection with the Software or the Software business; (iii)
all licenses, sublicenses and other agreements to which the Company is a party
and pursuant to which any other person or entity is authorized to use any
Software Intellectual Property, and (iv) all licenses, sublicenses and other
agreements to which the Company is a party and pursuant to which the Company is
authorized to use any third-party Intellectual Property (“Third Party IP Rights”)
which are incorporated in or form a part of any Software or which are otherwise
used by the Company in the Software Business, other than commercial
off-the-shelf software programs that are licensed under standard “shrink wrap”
or “click wrap” license agreements and that are priced at less than $500 per
copy.  Seller has provided Buyer with
true and accurate copies of all Intellectual Property registrations and all
licenses, sublicenses and other agreements referred to above, other than the “shrink
wrap” or “click wrap” licenses.

(c)                                  No Person or entity (including employees and
former employees of the Company) is, to the best knowledge of the Company,
infringing, misappropriating or otherwise making any unauthorized use or
disclosure of any Software Intellectual Property rights of the Company or any
Intellectual Property right of any third party to the extent licensed by or
through the Company. The Company has not entered into any agreement to
indemnify any other person or entity against any pending or overtly threatened
charge of infringement of any Software Intellectual Property.

(d)                                 The Company is not, nor will it be as a
result of the execution and delivery of this Agreement or the performance of
its obligations under this Agreement, in breach of any license, sublicense or
other agreement relating to the Software Intellectual Property or Third Party
IP Rights.

(e)                                  All patents, registered trademarks, service
marks and copyrights held by the Company with respect to the Software are, to
the best knowledge of the Company, valid and subsisting, and the manufacturing,
marketing, and licensing of the Software, to the best knowledge of the Company,
does

 6
 

not infringe any patent, trademark, service mark, copyright, trade secret
or other proprietary right of any third party. The Company (i) has not been
sued in any Proceeding involving a claim of infringement of any patents,
trademarks, service marks, copyrights or violation of any trade secret or other
proprietary right of any third party; and (ii) has not brought any Proceeding
for infringement of Software Intellectual Property or breach of any license or
agreement involving Intellectual Property against any third party.

(f)                                    The Company has secured from all consultants
and employees who contributed to the creation or development of Software
Intellectual Property, valid written assignments of the copyright and patent
rights to, and waiver of any moral rights in, such contributions, to the extent
that the Company did not automatically acquire ownership of the same by
operation of law at the time of their creation.

(g)                                 The Company has taken reasonably necessary
and appropriate steps to protect and preserve the confidentiality of all
Software Intellectual Property and other information relating to the Software
Business that is not otherwise protected by patents, patent applications or
copyright and that is not generally known or readily available to the public (“Confidential
Information”).  All disclosure of Confidential Information by the Company
to a third party has been pursuant to a written agreement between the Company
and such third party requiring the third party to maintain the confidentiality
thereof.

3.4        Licenses, Maintenance and Support Obligations
and Escrow Documents

(a)                                  Schedule 3.4(a) contains a true and complete
list of each of the Licenses of the Company, and identifies any Licenses that
are subject to any dispute or, to the knowledge of the Company, threatened
dispute.  There are no material
obligations of the Company under any License, except for any Maintenance
Obligations that may be contained therein.

(b)                                 Schedule 3.4(b) sets forth a true and
complete list of all written warranties, maintenance agreements and support
agreements of the Company in respect of the Software, which are now in effect,
including any warranty, maintenance or support obligations that are contained
in a License (collectively, the “Maintenance Obligations”), identifying each by
the title of the document, the date of the document, the identity of the other
party or parties, the end date of the current term of each such Maintenance
Obligation, and the end date of the final renewal  term, if any, available at the option of the
Licensee, and specifically identifying any Maintenance Obligation that is
subject to any dispute or, to the knowledge of the Company, threatened
dispute..

(c)                                  Schedule 3.4 (c) sets forth (i) a true and
complete list of all Escrow Documents currently in effect, identifying any
Escrow Document that is subject to any demand for release of any of the
escrowed Source Code or to any dispute or, to the knowledge of the Company,
threatened dispute; and (ii) the duration of the Maintenance Obligation which
is secured by the respective Escrow Document.

(d)                                 True and correct copies of all of the
documents required to be disclosed under this Section 3.4 have been delivered
to Buyer prior to the execution of this Agreement. No party to any document
required to be disclosed under this Section 3.4 has received notice either that
it is, or with notice or lapse of time or both, would be, in violation or
breach of or default under any such document.

3.5        Legal Proceedings; Orders

(a)                                  There is no pending Proceeding: (i) that
has been commenced by or against Seller with respect to the Acquired Assets or
the Software; or (ii) that challenges, or that may have the effect of
preventing, delaying, making illegal, or otherwise interfering with, any of the
Contemplated Transactions.  No such
Proceeding has been threatened in writing or, to the knowledge of Seller,
orally. There is no court order to which Seller is subject with respect to the
Acquired Assets.

 7
 

(b)                                 There are no existing or, to the knowledge of
Seller, threatened, Proceedings against Seller (i) claiming that the Software,
any Trademark or the operation of the Software Business infringes the patent,
copyright, trademark, or other Intellectual Property rights of any third party,
or (ii) claiming breach of Seller’s obligations under any of its contracts
related to the Software Business.

3.6        Brokers or Finders

Seller has
not incurred any obligation or liability, contingent or otherwise, for
brokerage or finders’ fees or agents’ commissions or other similar payment in
connection with this Agreement.

4.                                       REPRESENTATIONS AND WARRANTIES OF BUYER

Buyer represents and
warrants to Seller as follows:

4.1        Organization and Authority

(a)                                  Buyer is a corporation duly organized and
validly existing under the laws of Delaware and has the corporate power,
authority, and capacity to execute and deliver this Agreement and the Closing
Documents and to perform its obligations under this Agreement and the Closing
Documents. Buyer has duly approved and authorized this Agreement and the
Contemplated Transactions.

(b)                                 Neither the execution and delivery of this
Agreement nor the consummation or performance of any of the Contemplated
Transactions will, directly or indirectly (with or without notice or lapse of
time), contravene, conflict with, or result in a violation of any
provision of the articles or certificate of incorporation of, or the bylaws of, Buyer or of any contract in which Buyer may
be bound.

4.2        Certain Proceedings

There is no
pending Proceeding that has been commenced against Buyer and that challenges,
or may have the effect of preventing, delaying, making illegal, or otherwise
interfering with, any of the Contemplated Transactions.  To the knowledge of Buyer, no such Proceeding
has been threatened.

4.3        Brokers or Finders

Buyer has
not incurred any obligation or liability, contingent or otherwise, for
brokerage or finders’ fees or agents’ commissions or other similar payment in
connection with this Agreement.

5.                                       EMPLOYEES

From and
after the date of this Agreement, upon reasonable notice from Buyer the Company
will (i) provide Buyer with current salary and benefit information on all
twelve (12) non-clerical employees and other personnel of the Company involved
in the Software Business; (ii) allow Buyer the opportunity to interview any or
all twelve of the foregoing personnel and to offer employment to any such
personnel that Buyer wishes to hire, provided that Buyer shall designate at
least one technical employee and one functional employee whom Seller may  retain for its Support Business; and (iii)
provide Buyer with true and correct copies of any contracts of employment,
employee confidentiality or invention assignment agreements, and agreements
conferring Competitive Restriction Rights with respect to such employees. Prior
to and after the Closing, Seller will assist and cooperate with Buyer in the
transition to Buyer’s employment of any employees so hired.

 8
 

6.                                       LIMITED
LICENSE BACK TO SELLER FOR SUPPORT BUSINESS; COVENANT TO FULFILL MAINTENANCE
OBLIGATIONS; POST-CLOSING ENFORCEMENT AND ASSIGNMENT OF LICENSES

6.1        Support
License to Seller; Title to Derivative Works; Source Code Protection

(a)                                  Notwithstanding
the transfer of Seller’s ownership rights in the Acquired Assets to Buyer as
set forth above, Buyer hereby grants to Seller, effective as of the Closing, a
nonexclusive, royalty-free, limited, short-term license, purely on an “as-is”
basis and without any warranty by Buyer whatsoever, for Seller to continue to
possess and use copies of the Software, solely for internal use by Seller’s
employees for the purpose of operating the Support Business after the Closing
Date for those respective periods of time required by the various Maintenance
Obligations, in order to fulfill the Maintenance Obligations and effect an
orderly cessation of operations of the Support Business.  This includes a license for Seller to retain
copies of the Source Code for use in fixing “bugs” and updating, maintaining
and improving the software as and to the extent required by the Maintenance
Obligations.

(b)                                 Seller
shall deliver to Buyer copies of all revisions, enhancements, modifications,
and updates to the Software, in both Source Code and executable form,
substantially simultaneously with the delivery of executable versions thereof
to Licensees under Maintenance Obligations. Buyer shall be the exclusive owner
of all such revisions, etc. and of any other derivative works of the Software,
and upon request Seller will execute a written assignment thereof to Buyer
confirming Buyer’s ownership.

(c)                                  It is of
the essence of this Agreement that Seller shall, and shall require its
employees to, treat all copies of the Software and its Source Code remaining in
Seller’s possession as Confidential Information of Buyer; shall use due care
(and in any event at least that degree of care that Seller uses in protecting
its own most sensitive confidential information) to preserve the
confidentiality thereof; shall permit access to Source Code only on a
password-protected basis by Seller’s employees having a “need to know” in order
to perform their duties and shall keep appropriate records of the whereabouts
of all copies of the Source Code and of the parties having access thereto; and
shall not use, disclose, distribute, or permit third-party access to the Source
Code or any other such Confidential Information except as required by the
Maintenance Obligations. With respect to any particular item of Confidential
Information retained by Seller after Closing, Seller’s confidentiality
obligations shall terminate at such time as that information becomes generally
known by or readily available to the public other than through the act or
omission of Seller, Seller’s personnel or any of Seller’s Licensees.

6.2        Fulfillment
of Maintenance Obligations

(a)                                  It is the
mutual desire of the Parties that Seller’s licensees shall continue to receive
from Seller warranty, maintenance, and support for the Software, for so long as
they are entitled to the same under the Maintenance Obligations, and in
accordance with the Maintenance Obligations. 
Accordingly, for so long as Maintenance Obligations remain in effect,
Seller covenants that it shall, solely at Seller’s expense, comply with and
fulfill in all material respects all of its duties and obligations under all of
the Maintenance Obligations, in particular so as to prevent any valid claim by
a Licensee for breach of contract or for release of the Source Code.  In this connection Seller shall throughout
the term of its Maintenance Obligations employ sufficient personnel, including
one employee with technical expertise and one with functional expertise,
appropriate to perform Seller’s Maintenance Obligations at a level consistent
with all contractual requirements and industry norms. As stated in Section 5,
after interviewing Seller’s personnel Buyer will designate at least one
technical and one functional employee that Seller may retain for this purpose.

(b)                                 Beginning
immediately after execution of this Agreement Seller shall take any actions
that Seller is permitted to take, as soon as Seller is permitted to take them,
in order to prevent

 9
 

automatic or consensual renewal of
any of its Maintenance Obligations, and Seller shall terminate each Maintenance
Obligation as soon as Seller is contractually permitted to do so.

6.3        Early Termination of Maintenance
Obligations by Mutual Consent

Notwithstanding the foregoing, nothing shall prevent Seller from
negotiating with any Licensee a mutually-agreed settlement, buy-out, or other
consensual termination of Seller’s Maintenance obligations to that Licensee,
provided that no such negotiated settlement, buyout, or termination may involve
the release (or the contingent possibility of release) of any Source Code to
the Licensee without the prior written consent of Buyer in each case.  After the Maintenance Obligations have
expired or otherwise been satisfied, Seller shall discontinue the operation of
the Support Business and deliver exclusive possession of the remaining copies
of the Software and all Software Intellectual Property to Buyer.

6.4        Enforcement
of Licensee Obligations.

It is
acknowledged that the existing Licenses and Maintenance Obligations between the
Company and Licensees shall survive in accordance with their terms
notwithstanding the transfer of the Software to Buyer, and that Seller shall be
entitled to enforce the respective Licensees’ obligations thereunder, including
collecting payment under any executory payment obligations.  Seller shall promptly report to Buyer, in
writing, any material breach by any Licensee of the confidentiality
requirements, use, copying or distribution restrictions, intellectual property
protection provisions, or similar provisions of any License Agreement which
comes to Seller’s attention.  In the case
of any such material breach, Seller will reasonably cooperate with Buyer with
respect to the enforcement of these provisions, including declaring a default
under the relevant agreement if requested by Buyer, and including permitting
Buyer to institute an action under the relevant agreement, in the name of the
Company, to enforce the Company’s rights under the agreement; however, Seller
shall not be obligated to incur any out-of-pocket expense in connection with
such cooperation, unless Buyer agrees to reimburse the same.

6.5        Post-Closing Assignment of Licenses

Promptly upon the expiration, satisfaction or termination of
all Maintenance Obligations and other executory obligations on the part of
Seller to a given Licensee, Seller shall assign to Buyer all of Seller’s rights
under all Licenses and Maintenance Obligations to that Licensee.  Likewise, if, for any reason, Source Code is
released to any Licensee pursuant to Maintenance Obligations, Escrow Documents
or otherwise, Seller shall promptly assign to Buyer all of Seller’s rights
under the relevant Source Code License. 
To the extent possible, Seller does hereby assign all the rights
described above, each such assignment to become effective at the relevant time
described above, and upon request of Buyer, Seller shall execute at that time a
confirmatory written assignment.

6.6        Buyer May Offer Substitute
Software.

Seller acknowledges that Buyer may, and shall be fully entitled
to, offer any Licensee the opportunity to transition from the Software to Buyer’s
other software products on such terms as may be satisfactory to the Licensee
and Buyer.

7.                                       CONFIDENTIALITY

From and after the Closing, Seller will treat and hold in trust, as
confidential information of Buyer, all confidential and proprietary information
and trade secrets formerly owned by Seller that are included in the Acquired
Assets, as well as this Agreement and the terms and conditions hereof, and will
not disclose or use the same except as expressly authorized either by this
Agreement or otherwise in writing by

 10
 

Buyer;
provided, however, that this
Section 7 shall not restrict disclosure of any such information  to the extent that, in the written opinion of
Seller’s counsel, disclosure is required by law or by order of any court of
competent jurisdiction.  If, on advice of
counsel, Seller determines that any such information is required by law or
court order to be disclosed, Seller will as soon as practicable (and in any
event before disclosure) notify Buyer of the requirement and cooperate with
Buyer to minimize the required disclosure, for example by seeking a protective
order, or by requesting confidential treatment and redaction of any document
required to be filed with the Securities and Exchange Commission. The parties
acknowledge that money damages would not be an adequate remedy for breach of
this Section 7, and accordingly injunctive or other equitable relief is
appropriate to enforce the provisions hereof.

8.                                       TERMINATION

8.1        Termination Events

This
Agreement may be terminated by any Party, for convenience and without cause, by
written notice given prior to or at the Closing.  In addition, and without limiting the
foregoing, this Agreement may be terminated by written notice at any time prior
to, or at, the Closing:

(a)                                  by either Party, if a material breach of any
provision of this Agreement has been committed by the other Party and such
breach has not been waived and has not been cured after ten (10) days’ written
notice by the non-breaching Party to the breaching Party;

(b)                                 by mutual consent of all of the Parties;

(c)                                  by Buyer on the one hand, or Seller on the
other hand, if the Closing has not occurred (other than through the failure of
any Party seeking to terminate this Agreement to comply fully with its
obligations under this Agreement, or to meet conditions precedent to the other
party’s obligation to close) on or before August 31, 2007.

Following the Closing, this
Agreement may not be terminated by either party.

8.2        Effect of Termination

Each Party’s
right of termination under Section 8.1 is in addition to any other rights it
may have under this Agreement or otherwise, and the exercise of a right of
termination will not be an election of remedies. If this Agreement is
terminated pursuant to Section 8.1, all further obligations of the Parties
under this Agreement will terminate, except that the obligations in Section 11
will survive; provided, however,
that if this Agreement is terminated by a Party because of the breach of the
Agreement by the other Party or because one or more of the conditions to the
terminating Party’s obligations under this Agreement is not satisfied as a
result of the other Party’s failure to comply with its obligations under this
Agreement, the terminating Party’s right to pursue all legal remedies will
survive such termination unimpaired.

9.                                       POST-CLOSING RESTRICTIONS ON SELLER

9.1        Noncompetition.

For
a period of three (3) years after the termination of the last of the
Maintenance Obligations in effect, Seller (including entities controlled by
Seller and including Seller’s employees, officers and directors at the relevant
time) shall not, anywhere in the United States or Canada, directly or
indirectly invest in, own, manage, operate, finance, control, advise, render
services to or guarantee the obligations of any Person engaged in or planning
to become engaged in a business that is competitive with the Software Business,
or

 11
 

that
sells products or services that fill substantially the same market need as any
of the Software (“Competing Business”), provided, however, that Seller may
purchase or otherwise acquire up to (but not more than) two percent (2%) of any
class of the securities of any Person (but may not otherwise participate in the
activities of such Person) if such securities are listed on any national or
regional securities exchange or have been registered under Section 12(g) of the
Exchange Act.  Seller shall take
appropriate action, by agreement, instruction or otherwise, to ensure that its
employees, officers, and directors do not engage in competitive activities that
Seller is prohibited from engaging in hereunder.  Buyer acknowledges that the Seller is in the
MeterMesh solution business with some of the same or similar customers and
Seller will continue to pursue that business in a non competitive way to the
software application business.

9.2        Nonsolicitation

For a
period of three (3) years after the Closing Date, Seller shall not, directly or
indirectly:

(a)                      solicit the business of any Person who is a
customer of Buyer on behalf of a Competing Business;

(b)                     cause, induce or attempt to cause or induce
any customer, supplier, licensee, licensor, franchisee, employee, consultant or
other business relation of Buyer to cease doing business with Buyer, to deal
with any competitor of Buyer or in any way interfere with its relationship with
Buyer;

(c)                      hire, retain or attempt to hire or retain any
employee or independent contractor of Buyer or in any way interfere with the
relationship between Buyer and any of its employees or independent contractors.

9.3        Mutual Nondisparagement

After the
Closing Date, neither Seller nor Buyer or any of their respective shareholders,
officers, directors, employees or agents will disparage the other.  Provided, however, nothing shall limit the
ability of Buyer and its employees to compare the relative merits of Acufile
and IntelliPlant in the marketplace.

9.4        Modification of Covenant

If a final
judgment of a court or tribunal of competent jurisdiction determines that any
term or provision contained in Section 9.1 through (c) is invalid or
unenforceable, then the parties agree that the court or tribunal will have the
power to reduce the scope, duration or geographic area of the term or
provision, to delete specific words or phrases or to replace any invalid or
unenforceable term or provision with a term or provision that is valid and
enforceable and that comes closest to expressing the intention of the invalid
or unenforceable term or provision. This Section 9 will be enforceable as so
modified after the expiration of the time within which the judgment may be
appealed. This Section 9 is reasonable and necessary to protect and preserve
Buyer’s legitimate business interests and the value of the Assets and to
prevent any unfair advantage conferred on Seller.

10.                                 SURVIVAL
OF WARRANTIES AND COVENANTS; 
INDEMNIFICATION

10.1                                        Survival

All
representations, warranties, covenants, rights, and obligations in this
Agreement and any Closing Document delivered pursuant to this Agreement will
survive the Closing.

 12

10.2                                                   Indemnification and Reimbursement by Seller

The parties
constituting Seller, jointly and severally, shall indemnify, defend, and hold
harmless Buyer and its employees, agents, representatives, shareholders, and
subsidiaries (collectively, the “Indemnified Persons”), and will pay or, if
paid by an Indemnified Person, reimburse the Indemnified Persons for, any loss,
liability, claim, damage, expense (including costs of investigation and defense
and reasonable attorneys’ fees and expenses) or diminution of value, whether or
not involving a third-party claim (collectively, “Damages”), arising from or in
connection with:

(a)                                 any
breach of any representation or warranty made by Seller in (i) this Agreement,
(ii) any Closing Document or (iii) any other certificate, document, writing or
instrument delivered by Seller pursuant to this Agreement;

(b)                                any
breach of any covenant or obligation of Seller in this Agreement, any Closing
Document, or in any other certificate, document, writing or instrument
delivered by Seller pursuant to this Agreement, including covenants to be
performed after the Closing;

(c)                                 the
operation of the Software Business prior to the Closing, or any product or
component thereof sold or licensed by, or any services provided by, Seller, in
whole or in part, prior to the Closing Date in connection with the Software
Business;

(d)                                any
brokerage or finder’s fees or commissions or similar payments based upon any
agreement or understanding made, or alleged to have been made, by any Person
with Seller (or any Person acting on their behalf) in connection with any of
the Contemplated Transactions;

(e)                                 any
claim that the Software, or any part thereof, or any of the Trademarks,
infringe Intellectual Property rights of a third party;

(f)                                   Seller’s
relationships with its Licensees, including without limitation the performance,
non-performance, or breach by Seller of any of the Maintenance Obligations or
Escrow Documents before or after the Closing;

(g)                                Seller’s
relationships with its employees, including without limitation the performance,
non-performance, or breach by Seller of any obligations with respect to
compensation or benefits;

(h)                                the
breach by any Licensee of a License Agreement or Source Code License Agreement
pertaining to the Software.

(i)                                    Seller’
wind-down of, and exit from the Software Business after the Closing, including
any termination by Seller of any person’s employment or of any other
contractual obligations; or

(j)                                     any
alleged noncompliance with any bulk sales laws or fraudulent transfer law in
respect of this transaction.

 13
 

11.                                 GENERAL PROVISIONS

11.1                                                   Expenses

Each Party
will bear its own expenses incurred in connection with the preparation,
execution, and performance of this Agreement and the Contemplated Transactions,
including all fees and expenses of agents, representatives, and counsel.

11.2                                                   Notices

All
notices, consents, waivers, and other communications under this Agreement must
be in writing and will be deemed to have been duly given when (a) delivered by
hand (with written confirmation of receipt), (b) sent by telecopier (with
written confirmation of receipt), or (c) when received by the addressee, if
sent by a nationally recognized overnight delivery service (receipt requested),
in each case to the appropriate addresses and telecopier numbers set forth
below (or to such other addresses and telecopier numbers as a party may
designate by notice to the other Parties):

	
  If to Seller, Shea, or the
  Company, to:

  	
   

  	
  If to Buyer, to:

  
	
   

  	
  Shea Development
  Corp. and

  	
   

  	
   

  	
  PowerPlan Consultants, Inc.

  
	
   

  	
  Information
  Intellect, Inc.

  	
   

  	
   

  	
  1600 Parkwood
  Circle, Suite 600,

  
	
   

  	
  1351 Dividend
  Drive, Suite G

  	
   

  	
   

  	
  Atlanta, Georgia
  30339

  
	
   

  	
  Marietta, GA
  30067

  	
   

  	
   

  	
  Attn:Pat Pelling

  
	
   

  	
  Attn:    E. Joseph Vitetta, Jr.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Copy to:

  	
   

  	
   

  	
   

  
	
   

  	
  Dunnington, Bartholow & Miller LLP

  	
   

  	
   

  
	
   

  	
  477 Madison Avenue, 12th Floor

  	
   

  	
   

  
	
   

  	
  New York, NY 10022

  	
   

  	
   

  
	
   

  	
  Attn:    Robert T. Lincoln, Esq.

  	
   

  	
   

  

 

11.3                                                Further Assurances

(a)                     Each Party agrees, without further
compensation, (i) to furnish upon request to each other such further information,
(ii) to execute and deliver to each other such other documents, and (iii) to do
such other acts and things, all as the other Party may reasonably request for
the purpose of carrying out the intent of this Agreement, the documents
referred to herein, and the Contemplated Transactions.

11.4                                                  Waiver

The rights
and remedies of the Parties are cumulative and not alternative. Neither the
failure nor any delay by any Party in exercising any right, power, or privilege
under this Agreement or the documents referred to in this Agreement will
operate as a waiver of such right, power, or privilege, and no single or
partial exercise of any such right, power, or privilege will preclude any other
or further exercise of such right, power, or privilege or the exercise of any
other right, power, or privilege.  To the
maximum extent permitted by applicable law, (a) no waiver or renunciation
of a claim or right shall be effective hereunder unless in writing and signed
by the waiving or renouncing Party; (b) no waiver that may be given by a
Party will be applicable except in the specific instance for which it is given;
and (c) no notice to or demand on one Party will be deemed to be a waiver
of any obligation of such Party or of the right of the

 14
 

Party giving such notice or demand to take further
action without notice or demand as provided in this Agreement or the documents
referred to in this Agreement.

11.5                                                  Entire Agreement and Modification

The
Schedules and Exhibits identified in this Agreement are incorporated herein by
reference and made a part of this Agreement. 
This Agreement, together will the Closing Documents, supersedes all
prior agreements between the Parties with respect to its subject matter and
constitutes (along with the documents referred to in this Agreement) a complete
and exclusive statement of the terms of the agreement between the Parties with
respect to its subject matter. This Agreement may not be amended except by a
written agreement executed by each of the Parties.

11.6                                                  Successors; No Third-Party Rights

This
Agreement will apply to, be binding in all respects upon, and inure to the
benefit of the successors and assigns of the Parties.  Except with respect to successors and
assigns, nothing expressed or referred to in this Agreement will be construed
to give any Person other than the Parties any legal or equitable right, remedy,
or claim under or with respect to this Agreement or any provision of this
Agreement. This Agreement and all of its provisions and conditions are for the
sole and exclusive benefit of the Parties and their successors and permitted
assigns.

11.7                                                  Severability

If any
provision of this Agreement is held invalid or unenforceable by any court of
competent jurisdiction, the other provisions of this Agreement will remain in
full force and effect. Any provision of this Agreement held invalid or
unenforceable only in part or degree will remain in full force and effect to
the extent not held invalid or unenforceable.

11.8                                                  Time of Essence

With regard
to all dates and time periods set forth in this Agreement, time is of the
essence.

11.9                                                  Governing Law

This
Agreement will be governed by the laws of the State of Georgia without regard
to conflicts of laws principles.

11.10                                            Specific Performance

Each of the
Parties acknowledges and agrees that the other Party would be damaged
irreparably in the event any of the provisions of this Agreement are not
performed in accordance with their specific terms or otherwise are
breached.  Accordingly, each of the
Parties agrees that the other Party shall be entitled to seek an injunction or
injunctions to prevent breaches of the provisions of this Agreement and to
enforce specifically this Agreement and the terms and provisions hereof in any
action instituted in any court having jurisdiction over the Parties and the matter,
in addition to any other remedy to which it may be entitled, at law or in
equity.

 15
 

11.11                                             Counterparts

This
Agreement may be executed in one or more counterparts, each of which will be
deemed to be an original copy of this Agreement and all of which, when taken
together, will be deemed to constitute one and the same agreement.

IN WITNESS WHEREOF, the Parties have executed and delivered
this Agreement as of the date

 16
 

first written above.

	
  

  	
  BUYER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  PowerPlan Consultants, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ PATRICIA G.
  PELLING

  	
   

  
	
   

  	
   

  	
  Name: Patricia
  G. Pelling

  
	
   

  	
   

  	
  Title: Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SELLER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Information Intellect, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Tom Wheeler

  
	
   

  	
   

  	
  Name:

  	
  Tom Wheeler

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Shea Development
  Corp.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Frank Wilde

  	
   

  
	
   

  	
   

  	
  Name: Frank
  Wilde

  
	
   

  	
   

  	
  Title: Chairman
  and CEO

  
									

 

 17
 

EXHIBIT A

BILL
OF SALE AND ASSIGNMENT

This BILL OF SALE AND
ASSIGNMENT (this “Agreement”) is delivered as of August 17,
2007, by Information Intellect, Inc. and Shea Development
Corp. (jointly and severally, the “Seller”), to Powerplan
Consultants, Inc., a Delaware Corporation (the “Buyer”).  The Buyer and the Seller are referred to in
this Agreement individually as a “Party” and collectively, as the “Parties”.
Capitalized terms not otherwise defined herein shall have the meanings ascribed
to them in the “Purchase Agreement” (defined below).

STATEMENT OF FACTS

I.                                         The Parties have entered into an Asset
Purchase Agreement (the “Purchase Agreement”), dated as of August 14, 2007,
pursuant to which the Seller has agreed to sell, transfer, assign, and deliver
to the Buyer the Acquired Assets, and the Buyer has agreed to purchase and
accept the Acquired Assets, subject to the terms and conditions of the Purchase
Agreement.

II.                                     The Purchase Agreement is in full force and
effect and has not been terminated.

III.                                 In accordance with the Purchase Agreement,
the Seller desires by this instrument to sell, transfer, assign and deliver to
the Buyer all of the Acquired Assets.

AGREEMENT

NOW, THEREFORE, for good and valuable consideration,
the receipt, adequacy and sufficiency of which are hereby acknowledged,
intending to be legally bound, the Parties agree as follows:

1.               Conveyance.  The Seller hereby grants,
bargains, transfers, sells, assigns and conveys to the Buyer, the Seller’s
entire right, title and interest in and to the Software, the Trademarks, and
the other Acquired Assets, together with all options, rights, claims and
privileges associated with the Acquired Assets, free and clear of any lien or
security interest.  With respect to
documents conferring Competitive Restriction Rights, the Seller hereby conveys
and assigns to Buyer all of Seller’s Competitive Restriction Rights thereunder
but retains and agrees to perform all of Seller’s obligations, if any,
thereunder.

2.               The Purchase Agreement.  This
Agreement is subject in all respects to the terms of the Purchase Agreement,
and all of the representations, warranties, covenants and agreements contained
in the Purchase Agreement, all of which shall survive the execution and
delivery of this Agreement in accordance with the terms of the Purchase
Agreement.  Nothing contained in this
Agreement shall be deemed to supersede, enlarge on or modify any of the
obligations, agreements, covenants, or warranties of the Parties contained in
the Purchase Agreement.

3.               Governing Law.  This
Agreement shall be governed and construed in accordance with the laws of the
State of Georgia without regard to conflicts of laws principles thereof and all
questions concerning the validity and construction hereof shall be determined
in accordance with the laws of the State of Georgia.

IN WITNESS
WHEREOF, the Parties have caused this Bill of Sale and Assignment to be

 18
 

executed and delivered under seal as of the date first above written.

	
  

  	
  THE
  SELLER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Information Intellect, Inc.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ TOM WHEELER

  	
  (Seal)

  
	
   

  	
  Name:

  	
  Tom Wheeler

  	
   

  
	
   

  	
  Title:

  	
  President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Shea Development
  Corp.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ E. JOSEPH
  VITETTA

  	
  (Seal)

  
	
   

  	
  Name:

  	
  E. Joseph
  Vitetta

  	
   

  
	
   

  	
  Title:

  	
  SVP &
  Corporate Secretary

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THE
  BUYER:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  PowerPlan
  Consultants, Inc.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ PATRICIA G.
  PELLING

  	
  (Seal)

  
	
   

  	
  Name:

  	
  Patricia G.
  Pelling

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
							

 

 19
 

EXHIBIT B

OFFICER’S CERTIFICATE

August 17, 2007

I,                                       ,
do hereby certify that I am a duly appointed and qualified officer of
Information Intellect, Inc., a Georgia corporation (the “Company”) and of Shea
Development Corp., a Nevada corporation (“Shea”) (the Company and Shea being
collectively referred to as “Seller”).

This Officer’s Certificate has been prepared for and is to be delivered
to PowerPlan Consultants, Inc. (“Buyer”), in accor­dance with the Asset Purchase
Agreement, dated as of August 17, 2007 (the “Agreement”), between Buyer
and Seller.  The Agreement is in full
force and effect and has not been terminated.

Capitalized terms appearing in this Officer’s Certificate, but not
otherwise defined, shall have the meanings given to them in the Agreement.

I further certify that, as of the date of this Certificate:

1.                                       The representations and warranties of the
Seller contained in the Agreement are true and correct as of the date of this
Certificate.

2.                                       Each of the covenants and obligations of the
Seller to be performed at or before the date of this Certificate pursuant to
the terms of the Agreement have been duly performed on or before the date of
this Certificate.

This Officer’s Certificate is executed as of the date first written
above.

	
   

  	
  INFORMATION INTELLECT, INC.

  
	
   

  	
  and

  
	
   

  	
  SHEA DEVELOPMENT
  CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ EUGENE J. VITETTA

  	
   

  
	
   

  	
   

  	
  Authorized Signatory

  	
   

  
	
   

  	
   

  	
  Eugene J. Vitetta

  	
   

  

 

 20
 

EXHIBIT  C

FORM OF NOTIFICATION

Shea Development Corp. Announces
Plan to Increase Focus on Business Process Management Customers

Company withdraws Acufile 2 and Intelliplant from
Market

DALLAS, TX – August 17, 2007 --Shea Development Corp., (OTCBB:SDLP -
News), ("Shea") an emerging leader in the business process management
("BPM") and content delivery space, today announced that it will
increase its focus on its long term strategy in the on demand BPM space. The
Company also announced it will withdraw from the legacy utility applications
business, discontinuing the Acufile 2, and Intelliplant products.

 

“Over the past few months, we have successfully completed two
acquisitions to better position the Company and execute our long term growth
strategy. With a total focus on our BPM solutions, we are able to deliver even
greater value to our enterprise customers and help them fulfill their mission
critical business needs,” said Frank Wilde, chairman and chief executive officer
of Shea Development Corp.

 

Shea announced the acquisitions of Riptide and Bravera in April 2007.
Both companies extend Shea’s capabilities in the rapidly growing BPM market and
add world-class customers to the combined company.  Riptide has a strong track record of
delivering mission-critical, zero-defect solutions on custom,
mid-to-large-scale software systems for government and commercial
customers.  With an on demand delivery
platform that is unique to the BPM industry, Bravera provides a robust suite of
BPM and content management solutions that deliver rapid deployments,
significant ROI and faster work flow capabilities.

 

All customers currently operating under service agreements with Shea or
Information Intellect using Acufile, and Intelliplant will be supported by the
company until the end of the service contract period. This announcement does
not affect its customers who are utilizing the company’s newly announced
MeterMesh product line or its Utiliprice customers.   

 

About Shea Development Corp. 

 

Shea develops BPM software solutions to integrate, assemble and
optimize available IT assets to drive business process productivity,
reliability and security. Shea is in the process of developing an innovative,
enterprise class business integration platform that incorporates proven
integration technologies with next generation capabilities into a real-time,
on-demand solution that delivers a unique combination of efficiency, agility
and control. Shea is an emerging leader in this industry and has a commitment
to deliver tangible business value to its customers. Shea serves customers in
the commercial and utility markets as well as federal government, and civilian
and military agencies through its subsidiaries, Information Intellect, Inc.,
Bravera, Inc. and Riptide Software, Inc. and has offices located in Marietta,
Georgia, Reston, Virginia, Orlando, Florida and Fort Worth, Texas. 

 

FORWARD-LOOKING STATEMENTS: 

 

This press release
may contain forward-looking statements that are intended to be subject to the
safe harbor protection provided by Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. These statements relate
to future events or future financial performance and involve known and unknown
risks and uncertainties that may cause actual results or performance to be
materially different from those indicated by any forward-looking statements. In
some cases, you can identify forward-looking statements 

 21
 

by terminology such as "forecast," "may,"
"will," "could," "should,"
"anticipate," "expect," "plan,"
"believe," "potential" or other similar words indicating
future events or contingencies. 

 

Some of the effects that could cause actual results to differ from
expectations are: a lack of Shea operating history; the uncertainty of success
of our acquisition strategy to grow the Company; uncertainty of our ability to
successfully integrate the acquired companies into Shea; dependence upon the
federal, state and local agencies and industries and companies which experience
volatility in funding budgets and sales cycles that may be lengthy and
unpredictable; uncertainty of product development and acceptance; changes in
the information technology spending trends; the uncertainty that the combined
companies' prospective sales pipeline will result in final contracts; the
potential changes in the buying decision makers during a customer purchasing
cycle; the complexities in scope and timing for finalization of contracts; the
fluctuations in product delivery schedules; uncertainty of ability to compete
effectively in a new market; the uncertainty of profitability and cash flow of
Shea; intellectual property rights and dependence on key personnel; economic
conditions; the continued impact of threatened terrorist attacks, global instability
and potential U.S. military involvement; the competitive environment and other
trends in the business process automation and content delivery markets; the
effects of inflation; changes in laws and regulations; changes in the company's
business plans; interest rates and the availability of financing; liability,
legal and other claims asserted against the company; labor disputes; and the
company's ability to attract and retain qualified personnel. 

 

For a discussion of these and other risk factors, see the company's
Current Report on Form 8-K filed on March 8, 2007 and its Quarterly Report on
Form 10-QSB for the three months and six months ended June 30, 2007. All of the
forward-looking statements are qualified in their entirety by reference to the
risk factors discussed therein. These risk factors may not be exhaustive. Shea
operates in a continually changing business environment, and new risk factors
emerge from time to time. Management cannot predict such new risk factors, nor
can it assess the impact, if any, of such new risk factors on Shea's business
or events described in any forward-looking statements. Shea disclaims any
obligation to publicly update or revise any forward-looking statements after
the date of this press release to conform them to actual results. 

 

Contact:

Shea Development Corp

Rich Connelly, 469-954-9581

rich.connelly@bravera.com

or

The Blueshirt Group

Stacie Bosinoff, 415-217-7722

stacie@blueshirtgroup.com

Todd Friedman, 415-217-7722

todd@blueshirtgroup.com

 22Exhibit
10.1(a)

Shea Development Corp.

1351 Dividend Drive, Suite G

Marietta,
Georgia  30067

July 1, 2007

Christopher Watson

300 Bucksley Lane, #305

Daniel Island, SC 29492

Dear Chris:

This letter letter
confirms the understanding of you, Christopher Watson (the “Shareholder”) of
Bravera, Inc. (“Bravera”) and Shea Development Corp. (the “Parent”) (of which
the undersigned is Chairman and CEO) with respect to the Agreement and Plan of
Merger, dated as of April 26, 2007, to which Shareholder, Bravera, and the
Parent are parties (the “Merger Agreement”).

Section 1.13 (c) of the Merger Agreement
which provides, “Parent shall provide a warrant to the Shareholder in the form
attached hereto as Exhibit D.” is amended to read “Parent shall issue to
the Shareholder 5,000,000 shares of Parent Common Stock that will vest ratably
over thirty-six (36) months beginning on July 1, 2007.”

Please sign below
and return a signed copy of this letter to my attention, to evidence your
agreement to the foregoing amendment.

	
   

  	
   

  	
  Very
  truly yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ FRANCIS E. WILDE

  	
   

  
	
   

  	
   

  	
  Francis E. Wilde

  
	
   

  	
   

  	
  as Chairman and
  CEO of

  
	
   

  	
   

  	
  Shea Development
  Corp. and

  
	
   

  	
   

  	
  President of Shea
  Development

  
	
   

  	
   

  	
  Acquisition No. 3 Corp.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Agreed to and accepted by:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ CHRISTOPHER WATSON

  	
   

  	
   

  	
   

  
	
  Christopher Watson, on behalf of

  	
   

  	
   

  
	
  Bravera, Inc. and as the sole

  	
   

  	
   

  
	
  Shareholder of Bravera, Inc.

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