Document:

Prepared by MerrillDirect

EXHIBIT
10(a)

ASSET
PURCHASE AGREEMENT

AND PLAN OF REORGANIZATION

                THIS ASSET PURCHASE AGREEMENT
AND PLAN OF REORGANIZATION (this "Agreement"), dated as of April 27,
2001, is made and entered into by and between HYPERFEED TECHNOLOGIES
CORPORATION, a Delaware corporation, or its nominee ("Purchaser"),
and MARKETSCREEN.COM, INC, a Delaware corporation, ("Seller") and
Andrew Yasinsky, Neil Waldo and James Wilson (each individually a “Principal”
and collectively, the "Principals").

WITNESSETH:

                WHEREAS, Seller desires to sell
certain of Seller's assets relating to Seller’s business and operations as such
business and operations are currently operated (the "Business"), and
Purchaser desires to purchase such assets and assume certain of Seller's liabilities,
in a form of transaction that qualifies as a tax-free reorganization under
Section 368 of the Internal Revenue Code;

                WHEREAS, the Principals are
Seller's sole stockholders.

                NOW, THEREFORE, in consideration
of the mutual representations, warranties and covenants herein contained, and
on the terms and subject to the conditions herein set forth, the parties
hereto, intending to be legally bound, hereby covenant and agree as follows:

ARTICLE
I

Purchase and Sale

                Section 1.1             Sale and Purchase of Assets.  Subject to and upon the terms and conditions
contained herein, at the Closing (as hereinafter defined); Seller shall sell,
transfer, assign, convey and deliver to Purchaser, and Purchaser shall
purchase, accept and acquire from Seller, substantially all of the assets of
Seller, including but not limited to the assets owned or used by Seller in the
Business, except for the Excluded Assets (as hereinafter defined), which assets
shall be free and clear of all liens, liabilities, security interests, claims,
and encumbrances, except as otherwise expressly provided herein.  All such assets to be acquired as provided
herein are sometimes collectively referred to as the "Purchased
Assets".  Notwithstanding anything
herein to the contrary, the Purchased Assets shall specifically exclude those
assets of Seller set forth in Schedule 1.1 hereto (collectively the
"Excluded Assets").  Without
limiting the generality of the foregoing description of the Purchased Assets,
the Purchased Assets shall include without limitation the following:

                (a)           Inventory.  All inventory (whether raw material, work-in-process or finished
goods) of Seller, if any, used in connection with the business of Seller
(collectively, the “Inventory”);

                (b)           Equipment.  All the furniture, office equipment, computer equipment,
machinery, equipment, vehicles, and other items of personal property owned by
Seller including, without limitation, the items set forth on Schedule 1.1(b)
(collectively, the “Fixed Assets”);

                (c)           Intangibles and Intellectual
Property.  All of the right, title and
interest Seller may possess in and to the following, whether owned or licensed
by Seller: any name used by Seller; the customer lists used by Seller in
connection with the business; the goodwill of Seller; all of Seller’s
trademarks, trade names, service marks, service names, internet domain names,
copyrights, patents, inventions, rights, trade secrets, engineering and other
drawings, computer software, technology, software source code and
documentation, technical information, engineering data, design and engineering
specifications, promotional literature; and all other intellectual property of
Seller (collectively, the “Intangible Assets”);

                (d)           Records.  Copies of all books, documents and records of, or relating to any
material necessary to the operation of, the business of Seller (including all
financial and business records, customer lists and files, supplier records,
insurance polices and any claims or credits thereunder);

                (e)           Employee Records.  Copies of all personnel records and payroll
records for the current and last two calendar years for all employees of
Seller;

                (f)            Contract Rights.  All rights, privileges and interest of
Seller arising from any contract, agreement, purchase orders, deposits and
other contractual rights to the extent set forth on Schedule 1.1(f) (the
“Assigned Contracts”);

                (g)           Computer Software.  All computer applications and operating
programs which are used in the operation of the business  (including third party packaged software
products and custom programs developed and written in house or by third party
consultants);

                (h)           Licenses and Permits.  All right, title and interest in any assignable licenses and
permits relating to the Business;

                (i)            Supplies.  All materials and supplies (other than inventory) and sundry
items relating to the operation of the business and the Purchased Assets;

                (j)            Prepaid Expenses.  All rights and privileges arising from
Seller’s prepaid expenses, prepayments and deposits;

                (k)           Securities.  All equity interests of Seller in any other entity; and

                (l)            Accounts Receivable.  All accounts receivable, notes receivable (and any security
therefor) and all other receivables of any other kind (collectively, the
“Accounts Receivable”);

                Section 1.2             Closing.  The closing of the transactions contemplated
hereby (the "Closing") shall occur on the date hereof (the
"Closing Date") concurrently with the execution of this Agreement in
the offices of Wildman, Harrold, Allen & Dixon, 225 West Wacker Drive,
Chicago, Illinois 60606.

                Section 1.3             Purchase Price.  The aggregate consideration (the
"Purchase Price"), to be paid to Seller for the Purchased Assets and
the non-compete agreements described in Section 1.7 hereof shall payable
as follows:

                (a)           $100,000 will be payable at the Closing by Purchaser’s
company check or, at Purchaser’s option, by wire transfer to a U.S. bank
designated by Seller to Purchaser in writing at least two (2) business days
prior to the Closing; and

                (b)           450,000 shares of Purchaser’s common stock (the “Shares”)
shall be issued to Seller at the Closing subject to the provisions of Section
1.6 below; and

                (c)           the Assumed Liabilities will be assumed and paid by
Purchaser as provided in Section 1.4 hereof.

                Section 1.4             Assumed Liabilities.

                (a)           Commencing from and after the Closing Date, Purchaser
shall assume and agree to pay, perform and discharge, promptly when due all
duties, liabilities and obligations under the Assigned Contracts arising after
the Closing (the "Assumed Liabilities").

                (b)           Purchaser does not assume or agree to pay, perform or
discharge any liability or obligation of Seller, whether known or unknown,
arising out of, incurred in connection with, or related to:  (i) liabilities or obligations of
Seller arising prior the Closing Date which are not specifically included
within the definition of "Assumed Liabilities" hereunder;
(ii) liabilities or obligations of Seller incurred on or after the Closing
Date; (iii) any product liability claims arising from defects in products
manufactured or sold by Seller; (iv) any pension or other benefit
liability relating to Seller's employees; or (v) any warranty claims
relating to products sold by Seller prior to Closing.

                Section 1.5             Allocation of Purchase Price.  Intentionally Deleted.

                Section 1.6             Treatment of Shares.

                (a)           Restrictions on Transfer; Escrow of Shares.  Seller hereby covenants that Seller shall
not sell, assign, encumber, hypothecate, pledge, convey in trust, gift,
transfer by bequest, devise, or otherwise transfer the Shares (including but
not limited to transfers to receivers, levying creditors, trustees or receivers
in bankruptcy proceedings, or general assignees for the benefit of creditors,
whether voluntarily or by operation of law, directly or indirectly) (in each
instance, a “Transfer”) for any reason for a period of twelve months from the
Closing.  Thereafter, Seller shall not
Transfer 225,000 of the Shares for an additional twelve-month period.  All Shares will be held in escrow pursuant
to the Escrow Agreement attached hereto as Exhibit A (the “Escrow Agreement”)
until all of the restrictions contained in this Section 1.6 have expired.  Notwithstanding the preceding, Seller may
transfer the Shares to the individuals and entities and in the amounts set
forth on Schedule 1.6 (the “Permitted Transferees”) upon dissolution of
Seller which is expected to occur within 90 days of Closing; provided (X) it is
expressly understood and acknowledged by Seller and each Permitted Transferee
that the conditions contained in this Section 1.6 shall continue to apply to
the Shares following the transfer to the Permitted Transferees and (Y) each
Permitted Transferee delivers to Purchaser an executed Investment
Representation Letter in the form attached hereto as Exhibit E at the Closing.
During the period that the Escrow Agreement is in effect, Seller (and,
following the above-mentioned transfers, the Permitted Transferees) shall have
ownership rights over the Shares, including voting rights, subject to the
provisions of this Section 1.6 and the Escrow Agreement.

                (b)           Post-Closing Adjustments. 
For a period of two years from the Closing, the Shares held in the
above-mentioned escrow shall be subject to the following post-closing
adjustments and provisions:

   (i)            In the event that Purchaser has made
any claim for indemnity pursuant to Article V below, no Shares held in escrow
pursuant to subsection (a) above shall be released until such claim is
resolved, provided that Seller shall forfeit to Purchaser and Purchaser may
withdraw a number of Shares equal to (A) the amount of any adjustment
determined  by mutual written consent of
the parties or upon the issuance of a final non-appealable order of a court in
an action to which Purchaser and Seller are parties divided by (B) the then
current value per share.

   (ii)           In the event that one or more of the
Consulting Agreements (a) is terminated by the consultant in such agreement for
any reason other than for Purchaser’s breach of such Consulting Agreement or
(b) expires according to its terms and is not renewed unless Purchaser is
unwilling to renew such agreement on substantially similar terms, then Seller
shall forfeit to Purchaser 25,000 Shares for each such Consulting Agreement
that is so terminated or expires during the first year following Closing or
12,500 Shares for each such Consulting Agreement that is so terminated or
expires during the second year following Closing; provided, however, no Shares
shall be forfeited in relation to a so terminated or expired Consulting
Agreement if within one month of such termination or expiration such Consulting
Agreement is replaced with an agreement on substantially similar terms with an
individual of equal or greater experience, education and qualifications as
determined in Purchaser’s reasonable discretion.

As used herein, the following agreements shall
be the “Consulting Agreements” and each such agreement shall be a “Consulting
Agreement”:

     (A)          Agreement dated November 1, 2000 by
and between Seller and Sukhomund Maxim Victorovich;

     (B)           Agreement dated November 1, 2000 by
and between Seller and Panin Alexander Andreevich;

     (C)           Agreement dated November 1, 2000 by
and between Seller and Yanov Valery Vladimirocivh;

     (D)          Agreement dated November 1, 2000 by
and between Seller and Puzirev Andrey Yurievich;

     (E)           Agreement dated November 1, 2000 by
and between Seller and Manilo Denis Vasiljevich; and

     (F)           Agreement dated January 1, 2001 by
and between Seller and Raskin Alexey Batkovich.

 

 

   In
relation to the above-mentioned Consulting Agreements, Purchaser hereby
covenants to provide the following support of the operations of the
above-mentioned consultants consistent with the standards previously met by
Seller:

     (I)            provide an adequate workplace;

     (II)           provide on-sight management,
including such support for recruiting as is reasonably necessary to maintain
the operations represented by the Consulting Agreements;

     (III)         provide adequate technical and
non-technical equipment;

     (IV)         make timely payment of amounts due to
such consultants; and

     (V)           take such reasonable steps as are
necessary to comply with Russian law applicable to the Consulting Agreements;
provided, however, Purchaser shall not be required to take steps which
Purchaser reasonably believes would make the operations represented by the
Consulting Agreements an undue or material economic burden to Purchaser.

Seller shall not be required to forfeit Shares
pursuant to this subsection (ii) to the extent any termination or expiration of
a Consulting Agreement is related to Purchaser’s failure to proved the
above-mentioned support.  Seller
acknowledges that 150,000 of the Shares being paid to Seller under this
Agreement are in consideration of the assignment to Purchaser of the Consulting
Agreements and the expectation that these agreements will remain in effect in
the future.  It is the plain intent of the
parties that Seller bear the risk of loss of such Consulting Agreements except
to the extent that such loss is caused by the failure of Purchaser to provide
the above-mentioned support referenced in items (I) through (V) above.  To the extent that such loss is caused by
the failure of Purchaser to provide the above-mentioned support referenced in
items (I) through (V) above Seller shall not be required to forfeit Shares as
provided above.

   (iii)          In the event that one or more of the
following Principals breaches the terms of their respective Non-Compete
Agreement, then Seller shall forfeit to Purchaser Shares pursuant to the
following schedule for each such Non-Compete Agreement that is so breached:

     (A)
Andrew Yasinsky Non-Compete Agreement- 180,000 Shares if the breach occurs in
the first year following Closing  or
90,000 Shares in the breach occurs in the second year following Closing;

     (B)
James Wilson Non-Compete Agreement- 60,000 Shares if the breach occurs in the
first year following Closing or 30,000 Shares if the breach occurs in the
second year following Closing; and

     (C)
Neil Waldo Non-Compete Agreement- 60,000 Shares if the breach occurs in the
first year following Closing or 30,000 Shares if the breach occurs in the
second year following Closing.

   (iv)          Purchaser shall notify Seller and each
of the Principals promptly upon its determination to make a claim for a Share
adjustment, stating the reason for the adjustment and providing an opportunity
to cure where appropriate.

                (c)           Registration of Shares. 
Subject to the limitations on transferability and adjustment provisions
set forth above, Purchaser shall undertake to register the Shares pursuant to a
statement of registration rights substantially similar to the statement
attached hereto as Exhibit B (the “Statement of Registration Rights”).

                (d)           Legends.  Each
certificate or instrument representing the Shares shall be imprinted with
legends in substantially the following form:

THE SALE, TRANSFER OR ASSIGNMENT OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS OF AN
AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER OR HIS PREDECESSOR IN
INTEREST.  COPIES OF SUCH AGREEMENT MAY
BE OBTAINED BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE
TO THE SECRETARY OF THE COMPANY.

THE SECURITIES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO FORFEITURE BY THE HOLDER PURSUANT TO THE TERMS OF AN AGREEMENT
BETWEEN THE COMPANY AND THE REGISTERED HOLDER OR HIS PREDECESSOR IN
INTEREST.  COPIES OF SUCH AGREEMENT MAY
BE OBTAINED BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE
TO THE SECRETARY OF THE COMPANY.

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY STATE.  THEY MAY NOT BE SOLD, OFFERED FOR SALE,
PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
AS TO THE SECURITIES UNDER SAID LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO
THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

Seller
acknowledges and agrees that Seller shall be bound by the terms contained in
such legends.

                Section 1.7             Employee Relation Issues.

                (a)           At or prior to the Closing, Seller shall pay to its
employees all accrued wages, accrued sick leave, holiday and vacation pay and
the accrued bonuses and severance pay, if any, and reimburse them for all
business expenses which they incurred in the ordinary course of business,
arising prior to and through the Closing Date. 
Purchaser hereby consents to Seller's payment of the above amounts.

                (b)           On or prior to the Closing Date, Seller shall notify all
of its employees that certain assets of Seller are being sold to Purchaser,
that all employees will be terminated from the employment of Seller on the
Closing Date, and that any decisions by Purchaser regarding its hiring
procedures or the hiring of Seller's employers will be determined, and
communicated to such employees, by Purchaser. 
Seller shall notify Purchaser prior to such employee notification and
shall afford Purchaser an opportunity to be present at such notification.  Seller agrees to cooperate with Purchaser,
as Purchaser may reasonably request, in making determinations regarding the
employees of Seller and communicating with such employees.

                (c)           At the Closing, Seller and the Principals will each execute
a Non-Compete Agreement in the form attached hereto as Exhibit C (the
"Non-Compete Agreements"). At the Closing, the Principals will each
execute an Employment Agreement in the form attached hereto as Exhibit D (the
"Employment Agreements").

                Section 1.8             Closing Deliveries.  In order to consummate the transactions
contemplated hereby, the following documents shall be executed and/or delivered
at the Closing, as appropriate:

                (a)           Seller shall deliver to Purchaser each of the following
items executed by Seller and/or the Principals as appropriate:

                (i)            a Bill of Sale and Assignment in form and substance
acceptable to Purchaser;

                (ii)           the Non-Compete Agreements;

                (iii)          the Employment Agreements;

                (iv)          the Escrow Agreement;

                (v)           the Statement of Registration Rights

                (vi)          all documentation reasonably required by Purchaser to
effect the change by Seller of its corporate name to a new name bearing no
resemblance to its present name and not including in such new name the words
“Marketscreen” or “Marketscreen.com”;

                (vii)         all documentation reasonably required by Purchaser to effect
the transfer of any trademarks, service marks, domain names or other
intellectual property included in the Purchased Assets;

                (viii)        Investment Representation Letters from each of the individuals
set forth on Schedule 1.6 in the form attached hereto as Exhibit E.

                (ix)           a Certificate of Good Standing for Seller from the
Delaware Secretary of State and the California Secretary of State dated within
twenty (20) days of the Closing;

                (x)            a copy of Seller’s charter documents certified by the
Delaware Secretary of State and qualification documents certified by the
California Secretary of State dated within twenty (20) days of the Closing;

                (xi)           and a duly executed Secretary’s Certificate as to Seller’s
Bylaws, incumbent officers and directors and resolutions adopted by Seller’s
board of directors and shareholders authorizing the execution of this
Agreement, confirmation of the sale provided for herein and performance by
Seller of all its obligations hereunder;

                (xii)          an opinion of legal counsel for Seller in form an substance
acceptable to Purchaser;

                (xiii)         search results of the public records of the California
Secretary of State and the Recorder's Office of San Mateo County, California
confirming the absence of security interests, judgments, tax liens and
bankruptcy proceedings which affect or could affect the Purchased Assets;

                (xiv)        an officer’s certificate dated as of the Closing confirming
that the representations and warranties of Seller are true and correct as of
the Closing;

                (xv)         copies of all third party and governmental consents,
approvals and filings required in connection with the consummation of the
transactions hereunder, including, without limitation, all blue sky law
filings;

                (xvi)        a copy of the Bill of Sale executed by Lasdorf Corporate
Services, Inc. pursuant to which the Fixed Assets were transferred to Seller;

                (xvii)       a copy of the fully-executed License Agreement between Lasdorf
Corporate Services, Inc. and Seller pursuant to which the Intangible Assets
were licensed exclusively to Seller.

From
time-to-time after the Closing, at Purchaser’s request and without further
consideration from Buyer, Seller shall execute and deliver such other
instruments of conveyance and transfer and take such other action as Buyer
reasonably may require to convey, transfer to and vest in Buyer and to put
Buyer in possession of Purchased Assets with customary warranties of title.

At
the Closing, and at all times thereafter as may be necessary, Seller shall
execute and deliver to Purchaser such other instruments as shall be reasonably
necessary or appropriate (i) to vest in Purchaser good and indefeasible title
to the Purchased Assets and (ii) to vest in Purchaser all rights of Seller
under the Assigned Contracts and to comply with the purposes and intent of this
Agreement.

                (b)           Purchaser shall deliver to Seller each of the following
items executed by Purchaser as appropriate:

                (i)            an Assumption of Liabilities and Assumed Contracts
Agreement in a form acceptable to Seller and Purchaser;

                (ii)           the Non-Compete Agreements;

                (iii)          the Employment Agreements

                (iv)          the Escrow Agreement;

                (v)           the Statement of Registration Rights; and

                (vi)          a copy of the resolutions of Purchaser’s Board of Directors
approving the Agreement and its related exhibits.

At the Closing,
and at all times thereafter as may be necessary, Purchaser shall execute and
deliver to Seller such other instruments as shall be reasonably necessary or
appropriate to evidence the assumption by Purchaser of the Assumed Liabilities,
including without limitation those arising under the Assigned Contracts, and to
comply with the purposes and intent of this Agreement.

ARTICLE
II

Purchaser's
Representations and Warranties

                Purchaser represents and
warrants that the following are true and correct as of this date and will be
true and correct through the Closing Date as if made on that date:

                Section 2.1             Organization and Good Standing.  Purchaser is a corporation duly organized,
validly existing and in good standing under the laws of the State of Delaware
and validly qualified to transact business in the State of Illinois, with all
requisite power and authority to carry on the business and in good standing in
which it is engaged, to own the properties it owns and to execute and deliver
this Agreement and to consummate the transactions contemplated hereby.

                Section 2.2             Authorization and Validity.  The execution, delivery and performance of
this Agreement and the other agreements contemplated hereby by Purchaser, and
the consummation of the transactions contemplated hereby and thereby, have been
duly authorized by Purchaser.  This
Agreement and each other agreement contemplated hereby have been or will be
prior to Closing duly executed and delivered by Purchaser and constitute or
will constitute as of the Closing, legal, valid and binding obligations of
Purchaser, enforceable against Purchaser in accordance with their respective
terms, except as may be limited by applicable bankruptcy, insolvency or similar
laws affecting creditors' rights generally or the availability of equitable
remedies.

                Section 2.3             Violation.  Neither the execution and performance of
this Agreement or the other agreements contemplated hereby, nor the
consummation of the transactions contemplated hereby or thereby, will (a)
conflict with, or result in a breach of the terms, conditions and provisions
of, or constitute a default under, the Articles of Incorporation or Bylaws of
Purchaser or of any agreement, indenture or other instrument under which Purchaser
is bound, or (b) violate or conflict with any judgment, decree, order, statute,
rule or regulation of any court or any public, governmental or regulatory
agency or body having jurisdiction over Purchaser or the properties or assets
of Purchaser.

                Section 2.4             Finder's Fee.  Purchaser has not incurred any obligation
for any finder's, broker's or agent's fee in connection with the transactions
contemplated hereby for which Seller or any Principal may be liable.

                Section 2.5             Tax Free Nature of the Transaction.  Purchaser explicitly makes no
representation or warranty in relation to the tax effects of the transactions
contemplated in this Agreement and specifically makes no representation
or warranty that the transactions contemplated in this Agreement qualify as a
tax-free reorganization under Section 368 of the Internal Revenue Code.

ARTICLE
III

Representations and
Warranties of Seller

                Except as set forth on the
Disclosure Schedules attached to this Agreement, Seller and the Principals, and
each of them, hereby jointly and severally represent and warrant that the
following are true and correct as of this date and will be true and correct
through the Closing Date as if made on that date.  Whenever any representation or warranty is qualified “to Seller’s
knowledge,” that phrase shall mean to the actual knowledge of the Principals.

                Section 3.1             Organization and Good Standing.  Seller is a corporation duly organized,
validly existing and in good standing under the laws of California, with all
requisite power and authority to carry on the business in which it is engaged
and to own the properties it owns. 
Seller is duly qualified to do business in California and every other
jurisdiction where Seller is required by law to be qualified to transact
business.  Except as set forth in Schedule
3.1 hereto, Seller does not have any assets, employees or offices in any
state other than in San Mateo County, California.  Seller does not own, directly or indirectly, any of the capital
stock of any other corporation or any equity, profit sharing, participation, or
other interest in any corporation, partnership, limited partnership, limited
liability partnership, limited liability company, joint venture or other
entity.

                Section 3.2             Capitalization.  The authorized, issued and outstanding
capital stock of Seller, and the record and beneficial shareholders of all
issued and outstanding capital stock of Seller, is set forth in Schedule 3.2
hereto.  The Principals own all such
capital stock of Seller, free and clear of all liens, liabilities, claims,
encumbrances, equities, voting agreements, voting trust agreements, and
proxies.  Each outstanding share of
capital stock of Seller has been legally and validly issued and is fully paid
and nonassessable.  There exist no
options, warrants, subscriptions or other rights to purchase, or securities
convertible into or exchangeable for, any of the authorized or outstanding
securities of Seller.  No shares of
capital stock of Seller are owned by Seller in treasury or otherwise or have
been issued or disposed of in violation of the preemptive rights of any of
Seller's shareholders.

                Section 3.3             Corporate Records.  Copies of Seller's Articles of Incorporation
and all amendments thereto, and its Bylaws of Seller and all amendments thereto
have been delivered to Purchaser and are full and complete copies thereof.  Purchaser has been given full and complete
access to the minute books of Seller.

                Section 3.4             Authorization and Validity.  The execution, delivery and performance of
this Agreement and the other agreements contemplated hereby by Seller and the
Principals, and the consummation of the transactions contemplated hereby and
thereby, have been unanimously approved and duly authorized by the Board of
Directors of Seller and shareholders of Seller.  This Agreement and each other agreement contemplated hereby have
been or will be duly executed and delivered by Seller and the Principals, as
the case may be, and constitute, or will constitute as of the Closing, legal,
valid and binding obligations of Seller and the Principals, enforceable against
each of them in accordance with their respective terms, except as may be
limited by applicable bankruptcy, insolvency or similar laws affecting
creditors' rights generally or the availability of equitable remedies.

                Section 3.5             Financial Statements.  Attached hereto as Schedule 3.5 are
the following financial statements (collectively, the "Financial
Statements"):

                (i)            the unaudited balance sheets of Seller as of December 31,
2000, and the related statements of income and cash flows (or the equivalent)
for the 12 month period then ended;

                (ii)           the unaudited balance sheet of Seller as of March 31,
2001, and the related statements of income and cash flows (or the equivalent)
for the 3 month period then ended; and

                (iii)          the unaudited balance sheet of Seller as of the Closing
(the "Latest Balance Sheet").

The Financial
Statements are true, correct and complete and fairly present the financial
condition and results of operations of Seller as of the dates and for the
periods indicated and have been prepared on a consistent basis with prior
practices. Seller has no liability or obligation, whether absolute, contingent
or otherwise as of the respective dates of the Financial Statements required to
be recorded, reflected or disclosed thereon or therein which was not so
recorded, reflected or disclosed.  The
accounts receivable shown on the Latest Balance Sheet and all accounts
receivable reflected on Seller's books and records that have arisen subsequent
to the date of the Latest Balance Sheet have been collected or are owed in the
amount shown on such Latest Balance Sheet or such books and records (less the
allowance in the aggregate for doubtful accounts shown thereon or in such books
and records) and, to Seller 's knowledge, such accounts receivable are not
subject to any offsets or defenses (whether or not meritorious).

                Section 3.6             Liabilities and Obligations.  To Seller’s knowledge, and except as
provided in Schedule 3.6 The Financial Statements reflect all liabilities
and obligations of Seller, accrued, contingent or otherwise (known or unknown
and asserted or unasserted), arising out of transactions effected or events
occurring on or prior to the date hereof and prior to the Closing.  All allowances and reserves shown in the
Financial Statements are appropriate, reasonable and sufficient to provide for
expenses and losses thereby contemplated. 
Except as set forth in the Financial Statements, Seller is not liable,
upon or with respect to, or obligated in any other way to provide funds in
respect of or to guarantee or assume in any manner, any debt, obligation or
dividend of any person, corporation, association, partnership, joint venture,
trust or other entity.  Seller knows of
no basis for the assertion of any other claims or liabilities of any nature or
in any amount.

                Section 3.7             Employee Benefits. Seller
does not sponsor, maintain, or otherwise is a party to, or is in default under,
or has any accrued obligations under any pension, deferred compensation, bonus
or other incentive plan, severance plan, health, group insurance or other
welfare plan, employee benefit plan or other similar plan, agreement, policy or
understanding.

                Section 3.8             Absence of Certain Changes.  Since the date of the Financial Statements,
Seller has not (a) suffered any material adverse change in its financial
condition, assets, liabilities or business; (b) contracted for or paid any
capital expenditure in excess of $10,000 or contracted for or paid more than
$50,000 for all capital expenditures to any person, entity, and/or any
affiliates of any such person or entity, (c) incurred any indebtedness for
borrowed money, issued or sold any debt securities or, other than in the
ordinary course of business consistent with prior practices, discharged any
liabilities or obligations, or agreed to do any of the foregoing; (d)
mortgaged, pledged or subjected to any lien, lease, security interest or other
charge or encumbrance any of Seller's properties or assets or agreed to do any
of the foregoing; (e) paid any amount on any indebtedness for borrowed money
prior to the due date, forgiven or canceled any material debts or claims or
released or waived any material rights or claims or agreed to do any of the
foregoing; (f) suffered any damage or destruction to or loss of any assets
(whether or not covered by insurance) that could or does materially and
adversely affect its business; (g) acquired or disposed of any assets or
incurred any liabilities or obligations or agreed to do any of the foregoing,
except in the ordinary course of business consistent with prior practice; (h)
written up or written down the carrying value of any of its assets; (i) changed
the costing system or depreciation methods of accounting for its assets or
otherwise changed any method of accounting or adopted any new method of
accounting or agreed to do any of the foregoing; (j) accelerated any item of
income or gain into the period prior to the Closing, or deferred any item of
expense or loss into the period after Closing, and such acceleration or
deferral is not made in the ordinary course of Seller's business consistent
with Seller's treatment of such items in prior periods; (k) lost or terminated
employees, consultants, agents, representatives, customers or suppliers that
could or does materially and adversely affect its business or assets; (l)
increased or agreed to increase the compensation of any consultant, agent,
representative or employee, except in the ordinary course of business
consistent with prior practices; (m) formed or acquired or disposed of any
interest in any corporation, partnership, joint venture or other entity; (n)
redeemed, purchased or otherwise acquired, or sold, granted or otherwise
disposed of, directly or indirectly, any of its capital stock or securities or
any rights to acquire such capital stock or securities, or agreed to change
terms and conditions of any such rights; or (o) entered into any employment,
compensation, consulting or collective bargaining agreement with any person or
group, or modified or amended the terms of any such existing agreement or
agreed to do any of the foregoing.

                Section 3.9             Title; Leased Assets.

                (a)           Except for those liens related to any of the Assumed
Liabilities and as set forth in Schedule 3.9 hereto, Seller owns the
Purchased Assets, and its real and personal property leaseholds, free and clear
of all liens, liabilities, claims, and encumbrances.  The Purchased Assets are the only ones necessary for the conduct
of the Business other than those assets to be acquired by Purchaser from
Lasdorf Corporate Services, Inc. concurrently with the Closing pursuant to a
separate agreement.  Schedule 3.9
also contains a listing of which Purchased Assets are leased.  Upon consummation of the transactions
contemplated hereby, Purchaser shall receive good, valid, and marketable title
to the Purchased Assets, and will be entitled to, subject to the receipt of all
appropriate consents, use as lessee all leased assets which are material to the
operation of the Business.

                (b)           Except as set forth on Schedule 3.9, all tangible
properties and assets material to the Business of Seller, other than those
assets to be acquired by Purchaser from Lasdorf Corporate Services, Inc.
concurrently with the Closing pursuant to a separate agreement, are reflected
in the Financial Statements and the notes thereto.  Seller owns or leases or otherwise possesses a transferable right
to use all Purchased Assets which are material to the operation of the Business
as conducted immediately before the date of this Agreement.

                Section 3.10           Material Agreements.  Except as set forth in Schedule 3.10
hereto, Seller has not entered into, nor are the Purchased Assets or the
Business bound by, whether or not in writing, any (i) partnership or joint
venture agreement; (ii) deed of trust or other security agreement; (iii)
guaranty or suretyship, indemnification or contribution agreement or
performance bond; (iv) employment, consulting or compensation agreement or
arrangement, including the election or retention in office of any director or
officer; (v) labor or collective bargaining agreement; (vi) debt instrument,
loan agreement or other obligation relating to indebtedness for borrowed money
or money lent to another; (vii) deed or other document evidencing an interest
in or contract to purchase or sell real property; (viii) agreement with
dealers or sales or commission agents, public relations or advertising
agencies, accountants or attorneys; (ix) lease of real or personal property,
whether as lessor, lessee, sublessor or sublessee; (x) powers of attorney; (xi)
agreement for the acquisition of services, supplies, equipment or other
personal property entered into other than in the ordinary course of business
consistent with prior practices and involving more than $10,000; (xii) contract
containing noncompetition covenants; (xiii) agreement relating to any matter or
transaction in which an interest is held by a person or entity which is an
"affiliate" of Seller or any Principal (as the term
"affiliate" is defined in Rule 144(a)(i) of the Securities and
Exchange Commission promulgated under the Securities Act of 1933), or any
"associate" of any such affiliate (as the term "associate"
is defined in Regulation 14A of the general rules and regulations under the
Securities Exchange Act of 1934); or (xiv) other agreement or commitment not
made in the ordinary course of business consistent with prior practices, that
is material to the Business or financial condition of Seller (all of the
foregoing are hereinafter collectively referred to as the "Material
Agreements").  True, correct and
complete copies of the written Material Agreements, and true, correct and
complete written descriptions of the oral Material Agreements, have heretofore
been delivered to Purchaser.  There are
no existing defaults, events of default or events, occurrences or acts that,
with the giving of notice or lapse of time or both, would constitute defaults,
and no penalties have been incurred nor are amendments pending, with respect to
the Material Agreements, except as set forth in Schedule 3.10.  The Material Agreements are in full force
and effect and are valid and enforceable obligations of the parties thereto in
accordance with their terms, and no defenses, off-sets or counterclaims have
been asserted or may be made by any party thereto, nor has Seller waived any
rights thereunder, except as set forth in Schedule 3.10.  Seller is not a party to, and none of the
Purchased Assets are subject to or otherwise affected by, any agreement or
instrument, or any charter or other restriction, or any judgment, order, writ,
injunction, decree, rule or regulation, that could or does materially and
adversely affect the Purchased Assets or Business.

                Section 3.11           Insurance.  Intentionally Deleted.

                Section 3.12           Patents, Trademarks and Copyrights.

                (a)           Other than the intellectual property rights to be acquired
by Purchaser from Lasdorf Corporate Serivices, Inc. concurrently with the
Closing pursuant to a separate agreement, Seller owns all patents, trademarks,
copyrights, and other intellectual property rights if any, necessary to conduct
the Business, or possesses adequate licenses or other rights, if any, therefor,
without conflict with the rights of others. 
Set forth in Schedule 3.12 hereto is a true and correct
description of the following ("Proprietary Rights"):

                (i)            All trademarks, trade names, service marks, domain names,
product labels, trade dress, and other trade designations, including common-law
rights, registrations and applications therefor, and all patents, copyrights
and applications currently owned, in whole or in part, by Seller, and all
licenses, royalties, assignments and other similar agreements relating to the
foregoing to which Seller is a party (including expiration dates if
applicable); and

                (ii)           All agreements relating to technology, know-how, processes
or web site development and hosting (including but not limited to all
agreements covering application software and/or operating system software) that
Seller is licensed or authorized to use by others, or which it licenses or
authorizes others to use.

                (b)           Except as set forth in Schedule 3.12, Seller has
the sole and exclusive right to use the Proprietary Rights identified in Schedule
3.12 without infringing or violating the rights of any third parties.  Except as set forth in Schedule 3.12,
no consent of third parties will be required for the use thereof by Purchaser
upon consummation of the transactions contemplated by this Agreement.  No claim has been asserted by any person to
the ownership of or right to use any Proprietary Right or challenging or
questioning the validity or effectiveness of any such license or agreement, and
neither Seller nor any Principal knows of any valid basis for any such
claim.  Each of the Proprietary Rights
is valid and subsisting, has not been canceled, abandoned or otherwise
terminated and, if applicable, has been duly issued or filed.

                (c)           To the best of Seller's knowledge, no product, activity or
operation of Seller infringes upon or involves, or has resulted in the
infringement of, any Proprietary Right of any other person, corporation or
other entity.  No proceedings have been
instituted, are pending or, to the best knowledge of Seller and the Principals,
are threatened which challenge the rights of Seller with respect thereto.  Seller has not given and is not bound by any
agreement of indemnification for or regarding any Proprietary Right.

                Section 3.13           No Violation.  Neither the execution and performance of
this Agreement or the agreements contemplated hereby nor the consummation of
the transactions contemplated hereby or thereby will (a) result in a violation
or breach of the Articles of Incorporation or Bylaws of Seller or any agreement
or other instrument under which Seller is bound or to which any of the
Purchased Assets are subject, or result in the creation or imposition of any
lien, charge or encumbrance upon any of the Purchased Assets except as
described in Schedule 3.13 or (b) violate any applicable law or
regulation or any judgment or order of any court or governmental agency.

                Section 3.14           Taxes.

                (a)           Seller has filed or will file prior to the Closing all
income, excise, corporate, franchise, property, sales, payroll, withholding and
other tax returns and reports required to be filed by it as of the date hereof
by the United States of America or any state or any political subdivision
thereof and has paid or established adequate reserves for all taxes (including
penalties and interest) which have or may become due pursuant to such returns
and any assessments which have been received by it or otherwise.  All such tax returns or reports fairly and
accurately reflect the taxes of Seller for the periods covered thereby.  Seller is not delinquent in the payment of
any tax, assessment or governmental charge, there is no tax deficiency or delinquency
asserted against Seller and there is no unpaid assessment, proposal for
additional taxes, deficiency or delinquency in the payment of any of the taxes
of Seller that could be asserted by any taxing authority, nor of any violation
of any federal, state, local or foreign tax law.  No Internal Revenue Service or other tax audit of Seller is
pending or, to Seller's actual knowledge, threatened, and the results of any
completed audits are properly reflected in the Financial Statements.  No Internal Revenue Service or other tax
audit of Seller has occurred during the last five (5) years. Seller has not
granted any extension to any taxing authority of the limitation period during
which any tax liability may be asserted. Seller has not committed a violation of
any federal, state, local or foreign tax laws. 
All monies required to be withheld by Seller from employees or other
payees, including amounts attributable to tips or gratuities received by
employees, or collected from customers or other payees for income taxes, social
security and unemployment insurance taxes and sales, excise and use taxes,
including but not limited to penalties and interest thereon, have been
collected or withheld and either paid to the respective governmental agencies
or set aside in accounts for such purpose. Seller has furnished to Purchaser
true and accurate copies the tax returns for the years 1998 through 2000.

                (b)           The liabilities (including deferred taxes) shown in the
Financial Statements and to be accrued on the books and records of Seller
through the Closing Date for taxes, interest and penalties are and will be
adequate accruals with respect to income from operations, including any
extraordinary items, of Seller for all periods commencing after January 1, 2001
and ending on the last day of the last accounting period ending prior to the
Closing Date, and have been and will be accrued in a manner consistent with the
practices utilized for accruing tax liabilities in the tax year ended December
31, 2000 and take or will take into account net operating losses, investment
credits and other carryovers for periods ended prior to January 1, 2001.

                Section 3.15           Consents.  Except as set forth in Schedule 3.15
hereto, no authorization, consent, approval, permit or license of, or filing with,
any governmental or public body or authority, any lender or lessor or any other
person or entity is required (i) to authorize, or is required in connection
with, the execution, delivery and performance of this Agreement or the
agreements contemplated hereby on the part of Seller or the Principals or (ii)
in connection with the transfer of any Purchased Assets from Seller to
Purchaser, including but not limited to the assignment of the Assigned
Contracts.  Schedule 1.1(f)
contains a complete and accurate list and description of the Assigned
Contracts.

                Section 3.16           Compliance with Laws and
Agreements.

                (a)           Seller is not in violation of any term or provision of any
charter, bylaw, mortgage, indenture, contract, agreement, instrument, judgment,
decree, order, or to Seller’s knowledge, any law, statute, rule, regulation or
judicial or administrative decision applicable to, or which could materially
affect, Seller, the Purchased Assets or the Business.

                (b)           Neither Seller nor any Principal has (i) made any payment
to any person (an "Official") employed by or affiliated with any
customer, supplier, or governmental entity or agency charged with reviewing,
monitoring, or regulating any activities of Seller or any Principal, (ii) given
any personal property or real property to any Official, (iii) sold any personal
property or real property to any Official at less than fair market value, (iv)
made a political contribution to any governmental official in violation of
applicable law, or (v) otherwise taken any action in violation of any statute,
rule, or regulation prohibiting bribes, kickbacks, or other activities that
seek to wrongfully influence any Official.

                (c)           Except as set forth in Schedule 3.16(c) hereto, to
Seller’s knowledge, neither Seller nor any Principal has (i) committed any act,
(ii) violated any law, or (iii) been charged with violating any law that has
restricted or impaired, or could restrict or impair, the ability of Seller or
any Principal (or following the Closing, Purchaser) to conduct business.

                Section 3.17           Finder's Fee.  Seller and the Principals have not incurred
any obligation for any finder's, broker's or agent's fee in connection with the
transactions contemplated hereby for which Purchaser may be liable or for which
a claim could be asserted against the Purchased Assets.

                Section 3.18           Claims and Proceeding.  Schedule 3.18 is a complete and
accurate list and description of all claims, actions, suits, proceedings and
investigations currently pending or, to the best knowledge of Seller, threatened
against or affecting Seller, any Principal or the Business or any of the
properties, Purchased Assets, at law or in equity, or before or by any court,
municipal or other governmental department, commission, board, agency or
instrumentality.  Except as set forth in
Schedule 3.18, none of such claims, actions, suits, proceedings or
investigations will result in any liability or loss to Seller, the Purchased
Assets or the Business which (individually or in the aggregate) is material to
Seller, the Purchased Assets, or the Business and Seller has not been, and is
not now, subject to any order, judgment, decree, stipulation or consent of any
court, governmental body or agency.  No
inquiry, action or proceeding has been asserted, instituted or, to the best knowledge
of Seller, threatened to restrain or prohibit the carrying out of the
transactions contemplated by this Agreement or to challenge the validity of
such transactions or any part thereof or seeking damages on account thereof.  To the best knowledge of Seller, there is no
basis for any claim or action which would, or could reasonably be expected to
(individually or in the aggregate), have a material adverse effect on the
Business or financial condition of Seller. 
Except as set forth in Schedule 3.18, no claim, complaint, suit,
action, proceeding or investigation is pending or, to Seller's actual
knowledge, threatened against any of the Principals or to any other person or
entity having an ownership interest in, or who was an officer, director, or agent
of Seller, which may result in any restraint, prohibition or the obtaining of
damages or any other relief.

                Section 3.19           Employees and Consultants.  Set forth in Schedule 3.19 hereto is
a complete and accurate list of all employees of Seller, as of the date set
forth on Schedule 3.19, together with their dates of hire (for managers
only), positions and their annual salaries and other compensation.  Seller has not granted or become obligated
to grant any increases in the wages or salary of, or paid or become obligated
to pay any bonus or made or become obligated to make any similar payment to or
grant any benefit to or on behalf of, any officer, employee or agent.   Seller has no direct or indirect, express
or implied, obligation to pay severance or termination pay to any officer or
employee of Seller or to pay any amounts to any consultant, agent or similar
person or entity.  Seller and the
Principals have no actual knowledge of any facts which would indicate that any
employee of Seller will not accept employment with Purchaser on a basis no less
favorable than that upon which such employee is currently employed by Seller.

                Section 3.20           Other Employee Matters.  Set forth in Schedule 3.20 hereto are
the following:

                (i)            A description of the termination or severance pay policy
of Seller.

                (ii)           A complete and accurate list of all holiday and vacation
pay and other benefits accrued as of the date hereof, in respect of employees
of Seller.

                (iii)          A description of the workers compensation losses in excess
of $2,500.

Except as set
forth in Schedule 3.20 hereto, no employment manual or written
employment policy and/or procedures have been provided to or for employees, and
no written or verbal employment, consultant or independent contractor agreement
exists to which Seller may be bound. 
Seller has delivered to Purchaser accurate and complete copies of all
such employment agreements, consulting agreements, confidentiality agreements
and all other agreements, plans and other instruments to which Seller is a
party and under which its employees or consultants are entitled to receive
benefits of any nature.  To Seller's
actual knowledge, Seller is in compliance with all federal and state laws
respecting employment and employment practices, terms and conditions of
employment and wages and hours and is not engaged in, nor has it committed, any
unfair labor practice as defined in the National Labor Relations Act of 1947,
as amended. There is no unfair labor practice claim against Seller before the
National Labor Relations Board.

                Section 3.21           Overtime. Back Wages.  Vacation and Minimum Wages.  No present or former employee of Seller has,
or will as of the Closing Date have, any claim against Seller (whether under
federal, state or local law, any employment agreement, or otherwise) on account
of or for (a) overtime pay, other than overtime pay for the then current
payroll period, (b) wages or salary for any period other than the current
payroll period, (c) vacation, time off or pay in lieu of vacation or time off,
other than that earned in respect of the current fiscal year or accrued on
Seller's books and records, or (d) any violation of any statute, ordinance or
regulation relating to minimum wages or maximum hours of work.  All amounts required to be withheld by
Seller from its employees have been properly withheld and will be timely
deposited and all contributions required to be paid by Seller in respect of its
employees have been paid in accordance with the applicable provisions of
federal, state and local laws regarding income tax withholding and social
security, workers compensation, unemployment compensation or similar taxes or
contributions.

                Section 3.22           Discrimination and Occupational
Safety and Health.  No person or
party (including, but not limited to, governmental agencies of any kind) has
any claim, or basis for any action or proceeding, against Seller arising out of
any statute, ordinance or regulation relating to discrimination in employment
or employment practices or occupational safety and health standards.  Seller has not received any notice from any
federal, state or local entity alleging a violation of occupational safety or
health standards.

                Section 3.23           ADA.  Seller has not received notice from any individual, entity or
federal, state, local governmental agency or official notifying it that Seller
or any property or asset of Seller is in violation of, or in noncompliance
with, the Americans with Disabilities Act (the "ADA").  Seller has not received any notice of a
claim or potential claim under the Civil Rights Act of 1991 for any violation
of the ADA.

                Section 3.24           Condition of Fixed Assets.  Except as set forth in Schedule 3.24,
all of the Fixed Assets owned or leased by Seller are in good condition and
repair, ordinary wear and tear excepted, and are fit for their intended use in
the ordinary course of business.

                Section 3.25           Books of Account and Records.  The books of account of Seller have been
kept accurately in the ordinary course of its business, the transactions
entered therein represent bona fide transactions and the revenues, expenses,
assets and liabilities of Seller have been properly recorded in such
books.  The Records are in good order,
are complete, and have been maintained in accordance with sound business
practices.

                Section 3.26           Corporate Name.  Except as set forth on Schedule 3.26,
there are no actions, suits or proceedings pending, or to the best knowledge of
Seller threatened, against or affecting Seller which may result in any
impairment of the right of Seller to use its corporate name or the right of
Purchaser to use such name following the Closing.  To Seller's actual knowledge, the use of such corporate name does
not infringe the rights of any third party nor is it confusingly similar with
the corporate name of any third party. 
After the Closing Date, no person or business entity other than
Purchaser will be authorized, directly or indirectly, by Seller to use the name
"Marketscreen" or "Marketscreen.com", or any name
confusingly similar thereto.

                Section 3.27           Investments in Competitors.  Except for the ownership of non-controlling
interests in securities of corporations the shares of which are listed on
generally recognized stock exchanges, none of the Principals owns directly or
indirectly any interest or has any investment in any corporation, business or
other person which is a competitor of, or which otherwise directly does
business with, Seller.

                Section 3.28           Contracts and Transactions with
Affiliates and Others.  Except as
set forth on Schedule 3.28, no Principal, director or officer of Seller,
nor any person who is a spouse or descendant of such Principal, director or
officer, has any direct or indirect relationship with any customer or supplier
of, or other contracting party with, Seller. 
Except as set forth on Schedule 3.28 and except for salaries and
benefits paid in the ordinary course of Seller’s business, Seller has not paid
any sum, assumed any debt or distributed any assets to any Principal or any
director or officer of Seller, or any person who is a spouse or descendant of such
Principal, director or officer

                Section 3.29           Real Property.  Schedule 3.29 describes all real
estate owned or leased by Seller or otherwise occupied by Seller in the
Business (the "Real Property"). 
Except as set forth on Schedule 3.29, Seller's use and operation
of the Real Property and Purchaser's use of such premises in the same manner as
used by Seller are, and at the Closing Date will be, valid and permitted uses
of such premises which in no way violate any Laws (as hereinafter defined) or
any agreement, document or instrument respecting such premises and do not
constitute non-conforming use.  All uses
of the Real Property and all uses made thereby by Seller have been, and as of
the Closing Date will be, in compliance with all federal, state, county and
local laws, rules, orders, regulations and ordinances, including without
limitation, all applicable planning and zoning laws, rules, regulations and
ordinances (collectively, "Laws"), except for minor violations which
do not and will not have a material adverse effect on the operation of the
Business.  Neither Seller, a Principal,
nor anyone on its or their behalf, has received any notices of any violations
of any Laws regarding the Real Property.

                Section 3.30           Business Relations with Suppliers.  Except as set forth in Schedule 3.30
hereto, neither Seller nor any Principal has received actual notice, that any
supplier of Seller will, cease or refuse to do business with Purchaser after
the consummation of the transactions contemplated hereby.  Except as set forth in Schedule 3.30,
neither Seller nor any Principal has received any actual notice of any
disruption (including delayed deliveries or allocations by suppliers or service
providers) in the availability of the materials, products, supplies or services
used by Seller, nor is Seller aware of any facts which could lead Seller to
believe that the Business (whether before or after the Closing) will be subject
to any such material disruption.  Seller
is not aware of any condition (financial or otherwise) affecting any of
Seller's major suppliers that is likely to reduce each such supplier's ability
to do business with Purchaser in a similar manner that each such supplier has
done business with Seller during the period preceding this Agreement.

                Section 3.31           Agents.  Seller has not designated or appointed any
person or other entity to act for it or on its behalf pursuant to any power of
attorney or any agency which is presently in effect.

                Section 3.32           Permits.  Set forth in Schedule 3.32 hereto is
a list of all permits, licenses and approvals from federal, state, county,
local and foreign governmental and regulatory bodies (collectively,
"Permits") held, utilized or applied for by Seller, including,
without limitation, all state licenses required to be issued in those states in
which Seller does business, and the Permits are valid and in full force and
effect.  Except as set forth in Schedule
3.32, no other or additional licenses, permits or approvals are required of
or from any governmental authority or agency in connection with the conduct of
the Business which, if not obtained, could materially and adversely affect the
Business or the Purchased Assets. 
Seller and the Business have complied and are in compliance, in all
material respects, with the terms and conditions of the Permits and no
violation of any of the Permits or the laws or rules governing the issuance or
continued validity thereof has occurred. 
Seller has not received any claim or notice, have no knowledge
indicating, that Seller or the Business is not in compliance with the terms of
any such Permits or with any of the requirements, standards and procedures of
the federal, state, county, local and foreign governmental regulatory bodies
which issued them.  To Seller’s
knowledge, Seller is in material compliance with all federal, state, county and
local laws, ordinances, codes, regulations, orders, requirements, standards and
procedures which are applicable to Seller, the Business or the Purchased
Assets.

                Section 3.33           Proprietary Information.  Neither Seller, nor any Principal (nor to
the best knowledge of Seller, any employee of Seller) has disclosed any
confidential information purported to be transferred hereunder (including, but
not limited to, current or prospective customer lists, financial statements,
trade secrets, methods by which the business of Seller is or has been
conducted, and methods by which the customers or business of Seller are or have
been obtained) which does not exist in the public domain to any third party
except (i) in the ordinary course of business and then under appropriate
confidentiality covenants or agreements sufficient to protect and maintain the
confidentiality and proprietary nature of such information, (ii) to prospective
buyers of Seller's Business under appropriate confidentiality covenants or
agreements sufficient to protect and maintain the confidentiality and
proprietary nature of such information, and (iii) to Purchaser or its agents or
representatives.

                Section 3.34           Necessary Property.  The Purchased Assets (including the Assigned
Contracts) constitute all of the property, rights and agreements now used,
necessary or advisable for the conduct and operation of the Business in the
manner and to the extent presently conducted or currently proposed to be
conducted by Seller.  Each Assigned
Contract is valid, binding, and in full force and effect and has not been
amended, rescinded, or modified, will not be breached or violated as a result
of its assignment to Purchaser (except for the obtaining of the appropriate consents
for the Assigned Contracts which are listed on Schedule 3.15 as requiring
consents) and will be fully enforceable by Purchaser in accordance with its
terms.  To the best of Seller's and
Principal's knowledge, no party to any of the Assigned Contracts is in default
or alleged to be in default thereunder and there exists no condition or event
which, after notice or lapse of time or both, would constitute a default by any
party and Seller is not aware of any cancellation, or threat to cancel or not
to renew or extend any of the Assigned Contracts by any party thereto.  A list of all the Assigned Contracts is
attached as Schedule l.l(f) and Seller has furnished Purchaser complete
and accurate copies of the Assigned Contracts. 
Except for the Assigned Contracts, Seller has no oral or written
agreement, contract or understanding with any person or entity

                Section 3.35           Environmental Matters.

                (a)           The following terms shall have the following meanings:

                (i)            "Applicable Environmental Laws" means all
federal, state and local or municipal, statutory, regulatory and common law
requirements relating to the protection of human health and safety or the
environment, including, without limitation, the Comprehensive Environmental
Response Compensation and Liability Act (42 U.S.C. § 9601 et seq.), the
Resource Conservation and Recovery Act (42 U.S.C. § 6901 et seq.), the Clean
Water Act, (33 U.S.C. § 1251 et seq.), the Clean Air Act, (42 U.S.C. § 7401 et
seq.), the Toxic Substance Control Act (15 U.S.C. § 2601 et seq.), Federal
Insecticide Fungicide Rodenticide Act (7 U.S.C. § 136 et seq.), Occupational
Safety and Health Act (29 U.S.C. § 651 et seq.), and all applicable judicial,
administrative, and regulatory decrees, judgments, and orders.

                (ii)           "Hazardous Materials" means any chemical
substances, pollutants, contaminants, materials, industrial solid wastes or
other wastes, or combinations thereof, whether solid, liquid or gaseous in
nature which poses or may pose a hazard to the health or safety of persons or
the environment or the presence of which may require investigation or
remediation under any Applicable Environmental Laws, including, without
limitation, material which is or becomes defined as a "hazardous
waste" or "hazardous substance" under the Comprehensive Environmental
Response Compensation and Liability Act (42 U.S.C. § 9601 et seq.) and/or the
Resource Conservation and Recovery Act (42 U.S.C. § 6901 et seq.) or which
contains gasoline, diesel fuel or other petroleum hydrocarbons, polychlorinated
biphenyls (PCBs), asbestos, urea formaldehyde foam insulation, or radon gas.

                (b)           To the best of Seller's and Principal's knowledge, Seller
is and has been in compliance with all Applicable Environmental Laws.

                (c)           To the best of Seller's and Principal's knowledge, there
has been no past or present spill, discharge, disposal or release of Hazardous
Materials onto or from the Real Property or other property occupied by Seller,
nor are any Hazardous Materials presently deposited, stored, or otherwise
located on, under, in or about the Real Property or such other property (except
in strict compliance with applicable laws), nor have any Hazardous Materials
migrated from the Real Property or such other property upon or beneath other
properties.

                (d)           Schedule 3.35(d) contains a list of all applicable
permits, licenses, approvals and/or registrations required to be issued to it
under Applicable Environmental Laws on account of any or all of its activities
and is in full compliance with the terms and conditions of each permit, license,
approval and registration.  No material
change in the facts or circumstances reported or assumed in the application for
or granting of such permit, license, approval or registration exists.  Each such permit, license, approval, or
registration is in full force and effect, and following consummation of the
transactions contemplated herein, will continue to be in full force and effect
without any consent or approval, or may be modified, transferred or replaced by
Purchaser in the ordinary course of business without any interruption of the
conduct of its business, assuming timely application therefor and reasonable
diligence in pursuit thereof by Purchaser.

                (e)           Seller has not received any notice or other communication
concerning any alleged violation of any Applicable Environmental Law, whether
or not corrected to the satisfaction of the appropriate authority, or notice or
other communication concerning alleged liability for any response costs or
remedial action in connection with: (i) the Real Property or any other property
occupied by Seller, or (ii) any activities of Seller, or for which Seller is
alleged to be liable under any Applicable Environmental Law. There exists no
writ, injunction, decree, order, judgment, or lien outstanding, nor any
lawsuit, claim, proceeding, citation, directive, summons or investigation,
pending or, to the Seller's actual knowledge, threatened, relating to: (i) the
occupancy, use, maintenance or operation of the Real Property or other property
occupied by Seller, or (ii) conduct of the Business or other operations by
Seller, or (iii) any alleged violation of Applicable Environmental Law by
Seller or (iv) the suspected presence of Hazardous Materials on the Real
Property or other property occupied by Seller (other than those stored or
utilized by Seller in the conduct of the Business which storage and usage has
been and is in conformity with applicable laws including but not limited to
Applicable Environmental Laws).

                (f)            No claim has been asserted, and Seller has no actual knowledge
of any unasserted claims arising out of violations of any Applicable
Environmental Laws or the handling, treatment, storage, transportation,
disposal (or the arranging therefor) or the discharge into the environment of
any Hazardous Materials, including, without limitation, claims for penalties,
natural resource damage, personal injury, property damage or response or
remedial costs.

                (g)           No underground storage tanks for petroleum or any other
substance, or underground piping or conduits associated with such tanks, are or
have previously been located on the Real Property or any other property
occupied by Seller.

                (h)           No Hazardous Materials, including without limitation,
asbestos-containing materials or PCB-containing materials, are installed,
contained in building material, contained in transformers or other electrical
equipment, or are otherwise present on the Real Property nor any other property
occupied by Seller (other than those stored or utilized on the Real Property by
Seller in the conduct of the Business which storage and usage has been and is
in conformity with Applicable Environmental Laws).

                (i)            Seller has not been refused insurance coverage, nor has
insurance coverage ever been canceled, as a result of the presence of Hazardous
Materials on the Real Property or other property occupied by Seller, or
violations of Applicable Environmental Laws, or due to other concerns relating
to matters affecting human health or the environment.

                (j)            There are no activities on the Real Property or any other
property occupied by Seller, or any type of material, including but not limited
to Hazardous Materials, on the Real Property or other property occupied by
Seller that would currently require deed recordation of such activities by
Seller.

                (k)           There are no active or inactive solid waste management
units or hazardous waste management units on the Real Property or any other
property occupied by Seller.

                (l)            There are no plans or documents, whether or not
government approved, including, but not limited to, contingency plans, closure
and post-closure plans or consent decrees or settlement agreements which impose
environmental obligations on Seller or against the Real Property.  There are no requirements, whether by
regulation, agreement or otherwise, imposing financial obligations on Seller or
on the Real Property with respect to environmental conditions or activities
which exist, have existed, are occurring or have occurred on the Real Property
or in connection with or resulting from the conduct of the Business by Seller
or other activities of Seller.

                (m)          Seller has provided Purchaser with all environmental
studies and reports in its possession or control by whomsoever conducted, all
environmental records of Seller, and all documents of Seller concerning
environmental conditions of the Real Property or other property occupied by
Seller, or which identify underground tanks, or otherwise relate to actual or
potential contamination of the soil or groundwater.

                (n)           No Hazardous Materials have been disposed of by Seller on
the Real Property or other property occupied by it or have been transported to
any off-site disposal area other than those identified in Schedule 3.35(n)
and, to the actual knowledge of Seller, none of those sites have been
designated or are being considered for designation as a site requiring clean-up
pursuant to any Environmental Law.

                Section 3.36           Investment Representations

                (a)           Seller acknowledges that it has been furnished with such
documents, materials and information as Seller deems necessary or appropriate
for evaluating an investment in Purchaser. 
Seller confirms that it has made such further investigation of Purchaser
as was deemed appropriate to evaluate the merits and risks of this investment.
Seller acknowledges that it has had the opportunity to ask questions, or, and
receive answers from, the directors and officers of Purchaser, and persons
acting on Purchaser's behalf, concerning the terms and conditions of the
transfer of the Shares.

                (b)           Seller represents that it is acquiring the Shares
purchased hereunder for its own account with the present intention of holding
such securities for purposes of investment, and that it has no intention of
selling such securities in violation of the federal securities laws or any
applicable state securities laws.

                (c)           Seller is acquiring the Shares for its own account for
investment and not with a view to, or for sale in connection with, any
distribution thereof, nor with any present intention of distributing or selling
the same.

                (d)           Seller confirms that, except as set forth in this
Agreement, no representations or warranties have been made to Seller by
Purchaser or any of its officers or general partners, or any agent, employee or
affiliate of any of them, and that in entering into this transaction the Seller
is not relying upon information, other than that contained in this Agreement
and in the public filing of Purchaser with the Securities and Exchange, and the
results of the Seller's own independent investigation.

                (e)           Seller understands that the securities being sold hereby
have not been registered under the Securities Act, or applicable state
securities laws, and are being issued in reliance on exemptions for private
offerings contained in Section 4(2) of the Securities Act and the
provisions of Regulation D promulgated thereunder and in reliance on exemptions
from the registration requirements of certain state securities laws, on the
basis that the securities will be sold to a limited number of accredited
investors. Seller acknowledges that the Shares will be “Restricted Securities”
as defined in Rule 144 under the Securities Act.  Because the Shares have not been registered under the Securities
Act or applicable state securities laws, the Shares may not be re-offered or
resold except through a valid and effective registration statement pursuant to
a valid exemption from the registration requirements under the Securities Act
and applicable state securities laws.

                (g)           Seller is fully aware of the restrictions on sale,
transferability and assignment of the Shares and that Seller must bear the
economic risk of the investment in Purchaser for an indefinite period of time.
Seller is aware that an investment in the shares cannot be readily liquidated
if Seller desires to do so, but rather may be required to be held for an
extended period of time.

                Section 3.37           Accuracy of Information Furnished.  To Seller's best knowledge, all information
furnished to Purchaser by Seller, as an Exhibit or Schedule hereto, is true,
correct and complete in all material respects. 
Such information states all material facts required to be stated therein
or necessary to make the statements therein, in light of the circumstances
under which such statements are made, true, correct and complete in all
material respects.  Seller has made due
inquiry and investigation concerning the matters to which representations and
warranties of Seller under this Agreement pertain and Seller is not unaware of
any facts, events or circumstances which have not been disclosed to Purchaser
which are material to the Purchased Assets, the Business or Seller.

ARTICLE
IV

Cross Default

                Section 4.1             Any breach or default under any
covenant or any inaccuracy in any representation made by Seller’s Affiliate,
Lasdorf Corporate Services, Inc., in that certain Asset Purchase Agreement of
even date herewith among Purchaser, Lasdorf Corporate Services, Inc. and Andrew
Yasinsky, the sole shareholder of Lasdorf Corporate Services, Inc., including
any exhibits and schedules thereto or in any certificate, document or other instrument
delivered in connection with the transfer or other transactions contemplated by
this such agreement shall be deemed a breach and default under this Agreement
by Seller and each of the Principals. 
In that event, Purchaser shall have the right to any and all legal
remedies available to it for a breach/violation of both Asset Purchase
Agreements

ARTICLE
V

Indemnification

                Section 5.1             Seller's Indemnity.  Subject to the terms and conditions of this
Article V, Seller and the Principals, and each of them hereby jointly and
severally agree to indemnify, defend and hold Purchaser and its shareholders,
officers, directors, agents, attorneys and affiliates (defined as Purchaser and
any person or entity controlling, controlled by, or under common control with,
Purchaser) harmless from and against all losses, claims, obligations, demands,
assessments, penalties, liabilities, costs, damages, reasonable attorneys' fees
and expenses (collectively, "Damages"), incurred by any or all of
them or assessed against the Purchased Assets by reason of or resulting from or
based upon:

                (a)           The inaccuracy of any representation or breach or default
of or under any warranty, covenant or agreement made by Seller and/or the
Principals in this Agreement, including, the Exhibits and Schedules or in any
certificate, document or other instrument delivered in connection with the
transfer or other transactions contemplated by this Agreement including the
Non-Compete Agreements;

                (b)           Any product liability claims relating to products sold
and/or leased by Seller;

                (c)           Any general liability claims arising out of or relating to
occurrences of any nature relating to Seller's Business or the conduct thereof,
prior to the Closing, whether any such claims are asserted prior to or after
the Closing;

                (d)           Any obligation or liability under or related to any Plan
or the termination thereof;

                (e)           Any failure to comply with all applicable bulk transfer
laws;

                (f)            Any sales, use, or similar taxes in connection with the
purchase and sale transaction contemplated by this Agreement; or

                (g)           Any general liability claims arising out of or relating to
occurrences of any nature relating to Seller's conduct from and after the
Closing.

                Section 5.2             Purchaser's Indemnity.  Subject to the terms and conditions of this
Article V, Purchaser hereby agrees to indemnify, defend and hold Seller
and its shareholders, officers, directors, agents, attorneys and affiliates
(defined as Seller and any person or entity controlling, controlled by, or
under common control with, Seller), and Principals harmless from and against
all Damages asserted against or incurred by any or all of them by reason of or
resulting from or based on:

                (a)           The inaccuracy of any representation or breach or default
of or under any warranty, covenant or agreement made by Purchaser in this
Agreement, including Exhibits and Schedules, or in any certificate, document,
or other instrument delivered in connection herewith or with the transfer or
other transactions contemplated by this Agreement;

                (b)           The failure of Purchaser to pay, perform and discharge
when due any Assumed Liabilities;

                (c)           Any product liability claims relating to products sold by
Purchaser; or

                (d)           Any general liability claims arising out of or relating to
occurrences of any nature relating to the conduct of the Business after the
Closing.

                Section 5.3             Conditions of Indemnification.  The respective obligations and liabilities
of Seller and Purchaser (the "indemnifying party") to the other (the
"party to be indemnified") under Sections 5.1 and 5.2 hereof with
respect to claims resulting from the assertion of liability by third parties
shall be subject to the following terms and conditions:

                (a)           Within 20 days (or such earlier time as might be required
to avoid prejudicing the indemnifying party's position) after receipt of notice
of commencement of any legal action evidenced by service of process or other
legal pleading, or with reasonable promptness after the assertion in writing of
any claim by a third party, the party to be indemnified shall give the
indemnifying party written notice thereof together with a copy of such claim,
process or other legal pleading, and the indemnifying party shall have the
right to undertake the defense thereof by representatives of its own choosing
(but subject to the approval of the indemnified party which approval will not
be unreasonably withheld or delayed) and at its own expense; provided, however,
that the party to be indemnified may participate in the defense with counsel of
its own choice and at its own expense and, provided further, that the failure
of the party to be indemnified to give timely notice shall not affect the right
to indemnification hereunder except to the extent (and then only to the extent)
the indemnifying party proves actual damages caused by such failure.

                (b)           In the event that the indemnifying party, by the 30th day
after receipt of notice of any such claim (or, if earlier, by the 10th day
preceding the day on which an answer or other pleading must be served in order
to prevent judgment by default in favor of the person asserting such claim),
does not elect to defend against such claim, the party to be indemnified will
(upon further notice to the indemnifying party) have the right to undertake the
defense, compromise or settlement of such claim on behalf of and for the
account and risk of the indemnifying party and at the indemnifying party's
expense, subject to the right of the indemnifying party to assume the defense
of such claims in accordance with this Section 5.3(b) at any time prior to
settlement, compromise or final determination thereof.

                (c)           Anything in this Section 5.3 to the contrary
notwithstanding, the indemnifying party shall not settle any claim without the
consent of the party to be indemnified unless such settlement involves only the
payment of money and the claimant provides to the party to be indemnified a
release from all liability in respect of such claim.  If the settlement of the claim involves more than the payment of
money, the indemnifying party shall not settle the claim without the prior
consent of the party to be indemnified, which consent shall not be unreasonably
withheld.

                (d)           The party to be indemnified and the indemnifying party
will each cooperate with all reasonable requests of the other.

                Section 5.4             Remedies Not Exclusive.  The remedies provided in this Article V
shall not be exclusive of any other rights or remedies available by one party
against the other, either at law or in equity.

                Section 5.5             Actions to Minimize Losses.  Notwithstanding any provision of this
Article V to the contrary, any party to this Agreement shall be entitled,
without first complying with the provisions of Sections 5.1, 5.2 or 5.3 hereof,
to (c) pay to and/or compromise or settle with the claimant any claim for which
such party is entitled to indemnification under Section 5.1 or 5.2 hereof, if
delay in the resolution of such claim could reasonably be expected to have an
immediate and material adverse effect on such party or on the conduct of the
Business and (d) compromise and settle any lawsuit, enforcement action or
administrative proceeding for which indemnification is provided to such party,
or with respect to which such party has the right to control the defense and
investigation under Section 5.3 hereof, if the pendency of such lawsuit,
enforcement action or administrative proceeding or delay in the resolution of
the claim to which it relates could reasonably be expected to have an immediate
and material adverse effect on the conduct of the Business; provided, however,
such party shall, prior to exercising its rights pursuant to this Section 5.6,
give at least ten (10) days prior written notice to the other party(ies) of the
intent to exercise the rights granted hereunder, the occurrence causing such
intended exercise, the action requested of the other party(ies) and the time
within which such action by the other party(ies) must be taken to avoid the
exercise of rights pursuant to this Section 5.5.

                Section 5.6             Restrictions on Indemnification.  Neither party shall have liability under
this Article V arising from any breach of warranty, misrepresentation or
omission unless the aggregate amount of all Damages finally determined to arise
from such breaches, misrepresentations or omissions exceeds Fifty Thousand
Dollars ($50,000), and, in such event the indemnifying party shall be required
to pay the full amount of such Damages including the first Fifty Thousand
Dollars ($50,000) of such Damages.

ARTICLE
VI

Miscellaneous

                Section 6.1             Amendment and Waiver.  No provision of this Agreement may be
amended, modified, supplemented or waived except by an instrument in writing
executed by all of the parties hereto or, in the case of an asserted waiver,
executed by the party against which enforcement of the waiver is sought.

                Section 6.2             Assignment.  Neither this Agreement nor any right created
hereby shall be assignable by any party hereto, except by Purchaser to an
affiliate.

                Section 6.3             Notice.  Any notice or communication must be in
writing and given by depositing the same in the United States mail, addressed
to the party to be notified, postage prepaid and registered or certified with
return receipt requested, or by delivering the same in person or by fax.  Such notice shall be deemed received on the
date on which it is hand-delivered or faxed (with confirmation received) or on
the third business day following the date on which it is so mailed.  For purposes of notice, the addresses of the
parties shall be:

	If
  to Purchaser:	HyperFeed
  Technologies, Inc.

  300 South Wacker Drive

  Suite 300

  Chicago, IL 60606

  Attn: John Juska

  Fax: 312-913-2900
	 	 
	with
  a copy to:	Craig
  M. White, Esq.

  Wildman, Harrold, Allen & Dixon

  225 West Wacker Drive,  Suite 3000

  Chicago, IL 60606

  Fax: 312-201-2555
	 	 
	If
  to Seller:	Marketscreen,
  Inc.

  c/o Andrew Yasinsky

  512 Davey Glen Rd.

  Belmont, CA 94002

  Fax: (650)654-3354
	 	 
	with
  a copy to:	David
  C. Longinotti

  Hanson, Bridgett, Marcus, Vlahos & Rudy, LLP.

  333 Market Street, Suite 2300

  San Francisco, CA 94105

  FAX:  (415)541-9366
	 	 

Any party may
change its address for notice by written notice given to the other parties in
accordance with this Section 6.3.

                Section 6.4             Confidentiality.  Until the Closing, the parties shall keep
this Agreement and its terms confidential, but after the Closing (i) any party
may make such disclosures after the Closing as it reasonably considers are
required by law, but each party will notify the other parties in advance of any
such disclosure and (ii) the parties may disclose this Agreement, but not its
terms, in such manner as such party deems in the exercise of good faith
necessary or appropriate.  In the event
that the transactions contemplated by this Agreement are not consummated for
any reason whatsoever, the parties hereto agree not to disclose or use any
confidential information they may have concerning the affairs of the other
parties, except for information which is required by law to be disclosed.  Confidential information includes, but is
not limited to: customer lists and files, prices and costs, business and
financial records, valuations, surveys, reports, plans, proposals, financial
information, information relating to personnel contracts, stock ownership,
liabilities and litigation.  Should the
transactions contemplated hereby not be consummated, nothing contained in this
section shall be construed to prohibit a party hereto from operating a business
in competition with the other party.

                Section 6.5             Entire Agreement.  This Agreement and the exhibits hereto
supersede all prior agreements and understandings relating to the subject matter
hereof, except that the obligations of any party under any agreement executed
pursuant to this Agreement shall not be affected by this Section.

                Section 6.6             Transactional Expenses.

                (a)           Except as otherwise provided in this Agreement, Purchaser
and Seller shall each bear their respective costs and expenses of the
transactions contemplated hereby, including without limitation, the fees and
expenses of their attorneys, accountants and other advisors. The prevailing
party in any arbitration or other legal proceeding hereunder or under any
agreement executed pursuant hereto will, however, be entitled to recover its
reasonable attorneys' fees and expenses.

                (b)           Seller shall pay out of the proceeds of the purchase and
sale transaction contemplated by this Agreement all sales, use, and similar
taxes, if any, in connection with such purchase and sale of the Purchased
Assets.

                Section 6.7             Severability.  If any provision of this Agreement is held
to be illegal, invalid or unenforceable under present or future laws effective
during the term hereof, such provision shall be fully severable and this
Agreement shall be construed and enforced as if such illegal, invalid or
unenforceable provision never comprised a part hereof; and the remaining
provisions hereof shall remain in full force and effect and shall not be
affected by the illegal, invalid or unenforceable provision or by its severance
herefrom.  Furthermore, in lieu of such
illegal, invalid or unenforceable provision, there shall be added automatically
as part of this Agreement, a provision as similar in its terms to such illegal,
invalid or unenforceable provision as may be possible and be legal, valid and
enforceable.

                Section 6.8             Specific Performance.  Each party to this Agreement acknowledges
that a refusal by the other party to consummate the transactions contemplated
hereby will cause irrevocable harm to the non-refusing party, for which there
may be no adequate remedy at law and for which the ascertainment of damages
would be difficult.  Therefore, the
non-refusing party shall be entitled, in addition to, and without having to
prove the inadequacy of, other remedies at law, to specific performance of this
Agreement, as well as injunctive relief.

                Section 6.9             Survival of Representations.  Warranties and Covenants. Except as
otherwise set forth in this Section 6.9, all representations and warranties of
the parties hereunder shall survive for three (3) years after the Closing Date;
provided that there shall be no termination of any such representation or
warranty as to which a claim has been asserted prior to the termination of such
survival period.  All representations
and warranties of Seller set forth in Sections 3.4, 3.9 and 3.35 shall survive
indefinitely.  All representations and
warranties of Seller set forth in Section 3.14 shall survive the Closing and
remain effective until one year after the expiration of the applicable statute
of limitations for claims that might be asserted for matters related thereto.

                Section 6.10           Governing Law.  This Agreement shall be governed by, and
construed in accordance with, the substantive laws of the State of Illinois
without reference or regard to the conflicts of law rules of said state.  In the event a dispute arises under this
Agreement, the parties agree that the exclusive jurisdiction and venue for the
resolution of any dispute shall be state and Federal courts located in Cook
County, Illinois.  Each party
irrevocably submits to the jurisdiction of the State of Illinois and waives any
objection, which it may have based upon improper venue or forum non conveniens
to the conduct of any proceeding in any such court.  Both parties waive personal service of any process upon it and
consents to service of process by mail.

                Section 6.11           Captions.  The captions in this Agreement are for
convenience of reference only and shall not limit or otherwise affect any of
the terms or provisions hereof.

                Section 6.12           Counterparts.  This Agreement may be executed in
counterparts, each of which shall be deemed an original, and all of which together
shall constitute one and the same instrument.

                Section 6.13           Number and Gender.  Whenever the context requires, references in
this Agreement to the singular number shall include the plural, the plural
number shall include the singular and words denoting gender shall include the
masculine, feminine and neuter.

[SIGNATURE PAGES TO FOLLOW]

                IN WITNESS WHEREOF, the parties
hereto, intending to be legally bound, have executed this Agreement as of the
date first above written.

 

	 	PURCHASER:	 
	 	 	 
	 	HyperFeed
  Technologies Corporation,
	 	a
  Delaware corporation	 
	 	 	 
	 	By:

	

	 	Name:

	

	 	Its:

	

	 	 	 
	 	 	 
	 	SELLER:	 
	 	 	 
	 	Marketscreen.com,
  Inc.,	 
	 	a
  Delaware corporation	 
	 	By:

	

	 	Name:

	

	 	Its:

	

	 	 	 
	 	 	 
	 	PRINCIPALS:	 
	 	 	 
	 	 	 
	 	

	 	Name:	Andrew
  Yasinsky
	 	 	 
	 	 	 
	 	

	 	Name:	Neil
  Waldo
	 	 	 
	 	 	 
	 	

	 	Name:	James
  WilsonPrepared by MerrillDirect

EXHIBIT
10(b)

ASSET PURCHASE AGREEMENT

 

             THIS ASSET PURCHASE AGREEMENT (this
"Agreement"), dated as of April 27, 2001, is made and
entered into by and between HYPERFEED TECHNOLOGIES CORPORATION, a Delaware
corporation, or its nominee ("Purchaser"), and LASDORF CORPORATE
SERVICES, INC, a California corporation, ("Seller") and Andrew
Yasinsky (the “Principal”).

WITNESSETH:

             WHEREAS, concurrently with the
execution of this Agreement, Purchaser, Marketscreen.com, Inc. (an affiliate of
Seller) and certain stockholders of Marketscreen.com, Inc. have entered into
that certain Asset Purchase Agreement and Plan of Reorganization (the
“Marketscreen APA”) pursuant to which Purchaser is acquiring all of the assets,
business and operations of Marketscreen.com, Inc.

             WHEREAS, the parties hereto
acknowledge that the purpose of this Agreement is to allow Purchaser to acquire
ownership of the assets necessary for Purchaser to own and operate the
Marketscreen.com web site offerings.

             WHEREAS, Seller desires to sell all
of Seller's assets, whether tangible or intangible, licenses and other property
rights of any kind or nature necessary to own, develop, market support, enhance
or otherwise commercially develop the offerings of the markestreen.com web site
as currently offered on such site.  See
Exhibit A for a representative description of offerings of the marketscreen.com
web site (the "Business Segment"), and Purchaser desires to purchase
such assets and assume certain of Seller's liabilities;

             WHEREAS, Seller is not selling and
Purchaser is not purchasing any of Seller’s assets not specified herein;

             WHEREAS, the Principal is Seller's
sole stockholder.

             NOW, THEREFORE, in consideration of
the mutual representations, warranties and covenants herein contained, and on
the terms and subject to the conditions herein set forth, the parties hereto,
intending to be legally bound, hereby covenant and agree as follows:

 

ARTICLE I

Purchase and Sale

             Section 1.1       Sale and Purchase of Assets.  Subject to and upon the terms and conditions contained herein, at
the Closing (as hereinafter defined) Seller shall sell, transfer, assign,
convey and deliver to Purchaser, and Purchaser shall purchase, accept and
acquire from Seller the assets of Seller relating to the Business Segment as
specified in Section 1.1 hereto which assets shall be free and clear of all
liens, liabilities, security interests, claims, and encumbrances, except as
otherwise expressly provided herein. 
All such assets to be acquired as provided herein are sometimes
collectively referred to as the "Purchased Assets".  All assets of Seller of whatever nature
other than the Purchased Assets are expressly excluded from this sale.  The Purchased Assets shall include the
following specified assets:

             (a)         Inventory.  None;

             (b)        Equipment.  None;

             (c)         Intangibles and Intellectual
Property.  All of the right, title and
interest Seller may possess in and to the items set forth on Schedule 3.12
whether owned or licensed by Seller (collectively, the “Intangible Assets”);

             (d)        Records.  Copies of all books, documents and records of, or relating to any
material necessary to the operation of the Business Segment (including all
financial and business records, customer lists and files, supplier records,
insurance polices and any claims or credits thereunder relating to the Business
Segment);

             (e)         Employee Records.  Copies of all personnel records and payroll
records for the current and last two calendar years for all employees of Seller
relating to the Business Segment, if any;

             (f)         Contract Rights.  All rights, privileges and interest of
Seller arising from any contract, agreement, purchase orders, deposits and
other contractual rights to the extent set forth on Schedule 1.1(f) (the
“Assigned Contracts”);

             (g)        Computer Software.  All computer applications and operating
programs which are used in the operation of the Business  Segment (including third party packaged
software products and custom programs developed and written in house or by
third party consultants);

             (h)        Licenses and
Permits.  All right, title and interest
in any assignable licenses and permits relating to the Business Segment, if
any;

             (i)          Supplies.  None;

             (j)          Prepaid Expenses.  None;

             (k)         Securities.  None; and

             (l)          Accounts
Receivable.  None.

             Section 1.2       Closing.  The
closing of the transactions contemplated hereby (the "Closing") shall
occur on the date hereof (the "Closing Date") concurrently with the
execution of this Agreement in the offices of Wildman, Harrold,
Allen & Dixon, 225 West Wacker Drive, Chicago, Illinois 60606.

             Section 1.3       Purchase Price. 
The aggregate consideration (the "Purchase Price"), to be paid
to Seller for the Purchased Assets and the non-compete agreements described in
Section 1.7 hereof shall payable as follows:

             (a)         $300,000
will be payable at the Closing by Purchaser’s company check or, at Purchaser’s
option, by wire transfer to a U.S. bank designated by Seller to Purchaser in
writing at least two (2) business days prior to the Closing.; and

             (b)        the
Assumed Liabilities will be assumed and paid by Purchaser as provided in
Section 1.4 hereof.

             Section 1.4       Assumed Liabilities.

             (a)         Commencing
from and after the Closing Date, Purchaser shall assume and agree to pay,
perform and discharge, promptly when due all duties, liabilities and
obligations under the Assigned Contracts arising after the Closing (the
"Assumed Liabilities").

             (b)        Purchaser
does not assume or agree to pay, perform or discharge any liability or
obligation of Seller, whether known or unknown, arising out of, incurred in
connection with, or related to: 
(i) liabilities or obligations of Seller arising prior the Closing
Date which are not specifically included within the definition of "Assumed
Liabilities" hereunder; (ii) liabilities or obligations of Seller
incurred on or after the Closing Date; (iii) any product liability claims
arising from defects in products manufactured or sold by Seller; (iv) any
pension or other benefit liability relating to Seller's employees; or
(v) any warranty claims relating to products sold by Seller prior to
Closing.

             Section 1.5       Allocation of Purchase Price.  Intentionally Deleted..

             Section 1.6       Intentionally Deleted.

             Section 1.7       Employee Relation Issues.  At the Closing, Seller and the Principal will each execute a
Non-Compete Agreement in the form attached hereto as Exhibit B (the
"Non-Compete Agreements").

             Section 1.8       Closing Deliveries. 
In order to consummate the transactions contemplated hereby, the
following documents shall be executed and/or delivered at the Closing, as
appropriate:

             (a)         Seller
shall deliver to Purchaser each of the following items executed by Seller
and/or the Principal as appropriate:

             (i)          a
Bill of Sale and Assignment in form and substance acceptable to Purchaser;

             (ii)         the Non-Compete Agreements;

             (iii)        all documentation reasonably required by Purchaser to effect
the transfer of any trademarks, service marks, domain names or other
intellectual property included in the Purchased Assets;

             (iv)       a Certificate of Good Standing for Seller from the California
Secretary of State dated within twenty (20) days of the Closing;

             (v)        a
copy of Seller’s charter documents certified by the California Secretary of
State dated within twenty (20) days of the Closing;

             (vi)       and a duly executed Secretary’s Certificate as to Seller’s
Bylaws, incumbent officers and directors and resolutions adopted by Seller’s
board of directors and shareholders authorizing the execution of this
Agreement, confirmation of the sale provided for herein and performance by
Seller of all its obligations hereunder;

             (vii)      an opinion of legal counsel for Seller in form an substance
acceptable to Purchaser;

             (viii)     search results of the public records of the California Secretary
of State and the Recorder's Office of San Mateo County, California confirming
the absence of security interests, judgments, tax liens and bankruptcy
proceedings which affect or could affect the Purchased Assets;

             (ix)        an officer’s certificate dated as of the Closing confirming
that the representations and warranties of Seller are true and correct as of
the Closing;

             (x)         copies
of all third party and governmental consents, approvals and filings required in
connection with the consummation of the transactions hereunder, if any;

             (xi)        copies of the fully-executed assignments form each of Andew
Yasinsky, Neil Waldo and James Wilson in the form attached hereto as Exhibit C;
and

From
time-to-time after the Closing, at Purchaser’s request and without further
consideration from Buyer, Seller shall execute and deliver such other
instruments of conveyance and transfer and take such other action as Buyer
reasonably may require to convey, transfer to and vest in Buyer and to put
Buyer in possession of Purchased Assets with customary warranties of title.

At
the Closing, and at all times thereafter as may be necessary, Seller shall
execute and deliver to Purchaser such other instruments as shall be reasonably
necessary or appropriate (i) to vest in Purchaser good and indefeasible title
to the Purchased Assets and (ii) to vest in Purchaser all rights of Seller
under the Assigned Contracts and to comply with the purposes and intent of this
Agreement.

             (b)        Purchaser
shall deliver to Seller each of the following items executed by Purchaser as
appropriate:

             (i)          an
Assumption of Liabilities and Assumed Contracts Agreement in a form acceptable
to Seller and Purchaser;

             (ii)         the Non-Compete Agreements; and

             (iii)        a copy of the resolutions of Purchaser’s Board of Directors
approving the Agreement and its related exhibits.

At
the Closing, and at all times thereafter as may be necessary, Purchaser shall
execute and deliver to Seller such other instruments as shall be reasonably
necessary or appropriate to evidence the assumption by Purchaser of the Assumed
Liabilities, including without limitation those arising under the Assigned
Contracts, and to comply with the purposes and intent of this Agreement.

ARTICLE II

Purchaser's Representations and Warranties

             Purchaser represents and warrants
that the following are true and correct as of this date and will be true and
correct through the Closing Date as if made on that date:

             Section 2.1       Organization and Good Standing.  Purchaser is a corporation duly organized,
validly existing and in good standing under the laws of the State of Delaware
and validly qualified to transact business in the State of Illinois, with all
requisite power and authority to carry on the business and in good standing in
which it is engaged, to own the properties it owns and to execute and deliver
this Agreement and to consummate the transactions contemplated hereby.

             Section 2.2       Authorization and Validity.  The execution, delivery and performance of this Agreement and the
other agreements contemplated hereby by Purchaser, and the consummation of the
transactions contemplated hereby and thereby, have been duly authorized by
Purchaser.  This Agreement and each
other agreement contemplated hereby have been or will be prior to Closing duly
executed and delivered by Purchaser and constitute or will constitute as of the
Closing, legal, valid and binding obligations of Purchaser, enforceable against
Purchaser in accordance with their respective terms, except as may be limited
by applicable bankruptcy, insolvency or similar laws affecting creditors'
rights generally or the availability of equitable remedies.

             Section 2.3       Violation. 
Neither the execution and performance of this Agreement or the other
agreements contemplated hereby, nor the consummation of the transactions
contemplated hereby or thereby, will (a) conflict with, or result in a breach
of the terms, conditions and provisions of, or constitute a default under, the
Articles of Incorporation or Bylaws of Purchaser or of any agreement, indenture
or other instrument under which Purchaser is bound, or (b) violate or conflict
with any judgment, decree, order, statute, rule or regulation of any court or
any public, governmental or regulatory agency or body having jurisdiction over
Purchaser or the properties or assets of Purchaser.

             Section 2.4       Finder's Fee. 
Purchaser has not incurred any obligation for any finder's, broker's or
agent's fee in connection with the transactions contemplated hereby for which
Seller or any Principal may be liable.

 

ARTICLE III

Representations and Warranties of Seller

             Except as set forth on the
Disclosure Schedules attached to this Agreement, Seller and the Principal, and
each of them, hereby jointly and severally represent and warrant that the
following are true and correct as of this date and will be true and correct
through the Closing Date as if made on that date.  Whenever any representation or warranty is qualified “to Seller’s
knowledge,” that phrase shall mean to the actual knowledge of the Principal.

             Section 3.1       Organization and Good Standing.  Seller is a corporation duly organized,
validly existing and in good standing under the laws of California, with all
requisite power and authority to carry on the business in which it is engaged
and to own the properties it owns. 
Seller is duly qualified to do business in California and every other
jurisdiction where Seller is required by law to be qualified to transact
business.  Except as set forth in Schedule
3.1 hereto, Seller does not have any assets, employees or offices in any
state other than in San Mateo County, California.  Seller does not own, directly or indirectly, any of the capital
stock of any other corporation or any equity, profit sharing, participation, or
other interest in any corporation, partnership, limited partnership, limited
liability partnership, limited liability company, joint venture or other
entity.

             Section 3.2       Capitalization.  The authorized, issued and outstanding capital stock of Seller,
and the record and beneficial shareholders of all issued and outstanding
capital stock of Seller, is set forth in Schedule 3.2 hereto.  The Principal owns all such capital stock of
Seller, free and clear of all liens, liabilities, claims, encumbrances,
equities, voting agreements, voting trust agreements, and proxies.  Each outstanding share of capital stock of
Seller has been legally and validly issued and is fully paid and
nonassessable.  There exist no options,
warrants, subscriptions or other rights to purchase, or securities convertible
into or exchangeable for, any of the authorized or outstanding securities of
Seller.  No shares of capital stock of
Seller are owned by Seller in treasury or otherwise or have been issued or
disposed of in violation of the preemptive rights of any of Seller's
shareholders.

             Section 3.3       Corporate Records. 
Copies of Seller's Articles of Incorporation and all amendments thereto,
and its Bylaws of Seller and all amendments thereto have been delivered to
Purchaser and are full and complete copies thereof.

             Section 3.4       Authorization and Validity.  The execution, delivery and performance of this Agreement and the
other agreements contemplated hereby by Seller and the Principal, and the
consummation of the transactions contemplated hereby and thereby, have been
unanimously approved and duly authorized by the Board of Directors of Seller
and shareholders of Seller.  This Agreement
and each other agreement contemplated hereby have been or will be duly executed
and delivered by Seller and the Principal, as the case may be, and constitute,
or will constitute as of the Closing, legal, valid and binding obligations of
Seller and the Principal, enforceable against each of them in accordance with
their respective terms, except as may be limited by applicable bankruptcy,
insolvency or similar laws affecting creditors' rights generally or the
availability of equitable remedies.

             Section 3.5       Financial Statements. 
Intentionally Deleted.

             Section 3.6       Liabilities and Obligations.  To Seller’s knowledge, Schedule 3.6 provides a listing of
all liabilities and obligations of Seller, accrued, contingent or otherwise
(known or unknown and asserted or unasserted), arising out of transactions
effected or events occurring on or prior to the date hereof and prior to the
Closing and related to the Purchased Assets or the Business Segment. Except as
set forth on Schedule 3.6, Seller is not liable, upon or with respect to, or
obligated in any other way to provide funds in respect of or to guarantee or
assume in any manner, any debt, obligation or dividend of any person,
corporation, association, partnership, joint venture, trust or other entity
that in any way affects the Purchased Assets or the Business Segment.  Seller knows of no basis for the assertion
of any other claims or liabilities of any nature or in any amount that in any
way affects the Purchased Assets or the Business Segment.

             Section 3.7       Employee Benefits. Seller does not sponsor, maintain,
or otherwise is a party to, or is in default under, or has any accrued
obligations under any pension, deferred compensation, bonus or other incentive
plan, severance plan, health, group insurance or other welfare plan, employee
benefit plan or other similar plan, agreement, policy or understanding.

             Section 3.8       Absence of Certain Changes.  Except as disclosed on Schedule 3.6, in relation only to the
Purchased Assets or the Business Segment Seller has not (a) suffered any
material adverse change in its financial condition, assets, liabilities or
business; (b) contracted for or paid any capital expenditure in excess of
$10,000 or contracted for or paid more than $50,000 for all capital
expenditures to any person, entity, and/or any affiliates of any such person or
entity, (c) incurred any indebtedness for borrowed money, issued or sold any
debt securities or, other than in the ordinary course of business consistent
with prior practices, discharged any liabilities or obligations, or agreed to
do any of the foregoing; (d) mortgaged, pledged or subjected to any lien,
lease, security interest or other charge or encumbrance any of Seller's
properties or assets or agreed to do any of the foregoing; (e) paid any amount
on any indebtedness for borrowed money prior to the due date, forgiven or
canceled any material debts or claims or released or waived any material rights
or claims or agreed to do any of the foregoing; (f) suffered any damage or
destruction to or loss of any assets (whether or not covered by insurance) that
could or does materially and adversely affect its business; (g) acquired or
disposed of any assets or incurred any liabilities or obligations or agreed to
do any of the foregoing, except in the ordinary course of business consistent
with prior practice; (h) written up or written down the carrying value of any
of its assets; (i) changed the costing system or depreciation methods of
accounting for its assets or otherwise changed any method of accounting or
adopted any new method of accounting or agreed to do any of the foregoing; (j)
accelerated any item of income or gain into the period prior to the Closing, or
deferred any item of expense or loss into the period after Closing, and such
acceleration or deferral is not made in the ordinary course of Seller's
business consistent with Seller's treatment of such items in prior periods; (k)
lost or terminated employees, consultants, agents, representatives, customers
or suppliers that could or does materially and adversely affect its business or
assets; (l) increased or agreed to increase the compensation of any consultant,
agent, representative or employee, except in the ordinary course of business
consistent with prior practices; (m) formed or acquired or disposed of any
interest in any corporation, partnership, joint venture or other entity; (n)
redeemed, purchased or otherwise acquired, or sold, granted or otherwise
disposed of, directly or indirectly, any of its capital stock or securities or
any rights to acquire such capital stock or securities, or agreed to change
terms and conditions of any such rights; or (o) entered into any employment,
compensation, consulting or collective bargaining agreement with any person or
group, or modified or amended the terms of any such existing agreement or agreed
to do any of the foregoing.

             Section 3.9       Title; Leased Assets.

             (a)         Seller
owns the Purchased Assets free and clear of all liens, liabilities, claims, and
encumbrances.  The Purchased Assets are
the only ones necessary for the conduct of the Business Segment other than
those assets to be acquired by Purchaser from Marketscreen.com, Inc.
concurrently with the Closing pursuant to a separate agreement.  Schedule 3.9 also contains a listing
of which Purchased Assets are leased. 
Upon consummation of the transactions contemplated hereby, Purchaser
shall receive good, valid, and marketable title to the Purchased Assets, and
will be entitled to, subject to the receipt of all appropriate consents, use as
lessee all leased assets which are material to the operation of the Business
Segment.

             (b)        Except as set forth on Schedule 3.9,
all tangible properties and assets material to the Business Segment, other than
those assets to be acquired by Purchaser from Marketscreen.com, Inc.
concurrently with the Closing pursuant to a separate agreement, are included in
the Purchased Assets.  Seller owns or
leases or otherwise possesses a transferable right to use all Purchased Assets
which are material to the operation of the Business Segment as conducted
immediately before the date of this Agreement.

             Section 3.10     Material Agreements. 
Except as set forth in Schedule 3.10 hereto, Seller has not
entered into, nor are the Purchased Assets or the Business Segment bound by,
whether or not in writing, any (i) partnership or joint venture agreement;
(ii) deed of trust or other security agreement; (iii) guaranty or
suretyship, indemnification or contribution agreement or performance bond; (iv)
employment, consulting or compensation agreement or arrangement, including the
election or retention in office of any director or officer; (v) labor or
collective bargaining agreement; (vi) debt instrument, loan agreement or other
obligation relating to indebtedness for borrowed money or money lent to
another; (vii) deed or other document evidencing an interest in or contract to
purchase or sell real property; (viii) agreement with dealers or sales or
commission agents, public relations or advertising agencies, accountants or
attorneys; (ix) lease of real or personal property, whether as lessor, lessee,
sublessor or sublessee; (x) powers of attorney; (xi) agreement for the
acquisition of services, supplies, equipment or other personal property entered
into other than in the ordinary course of business consistent with prior
practices and involving more than $10,000; (xii) contract containing
noncompetition covenants; (xiii) agreement relating to any matter or
transaction in which an interest is held by a person or entity which is an
"affiliate" of Seller or any Principal (as the term "affiliate"
is defined in Rule 144(a)(i) of the Securities and Exchange Commission
promulgated under the Securities Act of 1933), or any "associate" of
any such affiliate (as the term "associate" is defined in Regulation
14A of the general rules and regulations under the Securities Exchange Act of
1934); or (xiv) other agreement or commitment not made in the ordinary course
of business consistent with prior practices, that is material to the Business
Segment or financial condition of Seller (all of the foregoing are hereinafter
collectively referred to as the "Material Agreements").  True, correct and complete copies of the
written Material Agreements, and true, correct and complete written
descriptions of the oral Material Agreements, have heretofore been delivered to
Purchaser.  There are no existing
defaults, events of default or events, occurrences or acts that, with the
giving of notice or lapse of time or both, would constitute defaults, and no
penalties have been incurred nor are amendments pending, with respect to the Material
Agreements, except as set forth in Schedule 3.10.  The Material Agreements are in full force
and effect and are valid and enforceable obligations of the parties thereto in
accordance with their terms, and no defenses, off-sets or counterclaims have been
asserted or may be made by any party thereto, nor has Seller waived any rights
thereunder, except as set forth in Schedule 3.10.  Seller is not a party to, and none of the
Purchased Assets are subject to or otherwise affected by, any agreement or instrument,
or any charter or other restriction, or any judgment, order, writ, injunction,
decree, rule or regulation, that could or does materially and adversely affect
the Purchased Assets or Business Segment.

 

Section
3.11     Insurance.  Intentionally Deleted.

             Section 3.12     Patents, Trademarks and Copyrights.

             (a)         Other
than the intellectual property rights to be acquired by Purchaser from
Marketscreen.com, Inc. concurrently with the Closing pursuant to a separate
agreement, Seller owns all patents, trademarks, copyrights, and other
intellectual property rights if any, necessary to conduct the Business Segment,
or possesses adequate licenses or other rights, if any, therefor, without
conflict with the rights of others.  Set
forth in Schedule 3.12 hereto is a true and correct description of the
following ("Proprietary Rights"):

             (i)          All
trademarks, trade names, service marks, domain names, product labels, trade
dress, and other trade designations, including common-law rights, registrations
and applications therefor, and all patents, copyrights and applications
currently owned, in whole or in part, by Seller, and all licenses, royalties,
assignments and other similar agreements relating to the foregoing to which
Seller is a party (including expiration dates if applicable) related to the
Business Segment; and

             (ii)         All agreements relating to technology, know-how, processes
or web site development and hosting (including but not limited to all
agreements covering application software and/or operating system software) related
to the Business Segment that Seller is licensed or authorized to use by others,
or which it licenses or authorizes others to use.

             (b)        Except
as set forth in Schedule 3.12, Seller has the sole and exclusive right
to use the Proprietary Rights identified in Schedule 3.12 without
infringing or violating the rights of any third parties.  Except as set forth in Schedule 3.12,
no consent of third parties will be required for the use thereof by Purchaser
upon consummation of the transactions contemplated by this Agreement.  No claim has been asserted by any person to
the ownership of or right to use any Proprietary Right or challenging or
questioning the validity or effectiveness of any such license or agreement, and
neither Seller nor any Principal knows of any valid basis for any such
claim.  Each of the Proprietary Rights
is valid and subsisting, has not been canceled, abandoned or otherwise
terminated and, if applicable, has been duly issued or filed.

             (c)         To
the best of Seller's knowledge, no product, activity or operation of Seller
infringes upon or involves, or has resulted in the infringement of, any
Proprietary Right of any other person, corporation or other entity.  No proceedings have been instituted, are pending
or, to the best knowledge of Seller and the Principal, are threatened which
challenge the rights of Seller with respect thereto.  Seller has not given and is not bound by any agreement of
indemnification for or regarding any Proprietary Right.

             Section 3.13     No Violation. 
Neither the execution and performance of this Agreement or the
agreements contemplated hereby nor the consummation of the transactions
contemplated hereby or thereby will (a) result in a violation or breach of the
Articles of Incorporation or Bylaws of Seller or any agreement or other
instrument under which Seller is bound or to which any of the Purchased Assets
are subject, or result in the creation or imposition of any lien, charge or
encumbrance upon any of the Purchased Assets except as described in Schedule
3.13 or (b) violate any applicable law or regulation or any judgment
or order of any court or governmental agency.

             Section 3.14     Taxes.    Seller
has filed or will file prior to applicable deadlines all income, excise,
corporate, franchise, property, sales, payroll, withholding and other tax
returns and reports required to be filed by it as of the date hereof by the
United States of America or any state or any political subdivision thereof and
has paid or established adequate reserves for all taxes (including penalties
and interest) which have or may become due pursuant to such returns and any
assessments which have been received by it or otherwise.  All such tax returns or reports fairly and
accurately reflect the taxes of Seller for the periods covered thereby.  Seller is not delinquent in the payment of
any tax, assessment or governmental charge, there is no tax deficiency or
delinquency asserted against Seller and there is no unpaid assessment, proposal
for additional taxes, deficiency or delinquency in the payment of any of the
taxes of Seller that could be asserted by any taxing authority, nor of any
violation of any federal, state, local or foreign tax law.  No Internal Revenue Service or other tax
audit of Seller is pending or, to Seller's actual knowledge, threatened.  No Internal Revenue Service or other tax
audit of Seller has occurred during the last five (5) years. Seller has not
granted any extension to any taxing authority of the limitation period during
which any tax liability may be asserted. Seller has not committed a violation
of any federal, state, local or foreign tax laws.  All monies required to be withheld by Seller from employees or
other payees, including amounts attributable to tips or gratuities received by
employees, or collected from customers or other payees for income taxes, social
security and unemployment insurance taxes and sales, excise and use taxes,
including but not limited to penalties and interest thereon, have been
collected or withheld and either paid to the respective governmental agencies
or set aside in accounts for such purpose. Seller has furnished to Purchaser
true and accurate copies the tax returns for the years 1998 through 2000.

             Section 3.15     Consents.  Except
as set forth in Schedule 3.15 hereto, no authorization, consent,
approval, permit or license of, or filing with, any governmental or public body
or authority, any lender or lessor or any other person or entity is required
(i) to authorize, or is required in connection with, the execution, delivery
and performance of this Agreement or the agreements contemplated hereby on the
part of Seller or the Principal or (ii) in connection with the transfer of any
Purchased Assets from Seller to Purchaser, including but not limited to the
assignment of the Assigned Contracts.  Schedule
l.1(f) contains a complete and accurate list and description of the
Assigned Contracts.

             Section 3.16     Compliance with Laws and Agreements.

             (a)         Seller
is not in violation of any term or provision of any charter, bylaw, mortgage,
indenture, contract, agreement, instrument, judgment, decree, order, or to
Seller’s knowledge, any law, statute, rule, regulation or judicial or
administrative decision applicable to, or which could materially affect,
Seller, the Purchased Assets or the Business Segment.

             (b)        Neither
Seller nor the Principal has (i) made any payment to any person (an
"Official") employed by or affiliated with any customer, supplier, or
governmental entity or agency charged with reviewing, monitoring, or regulating
any activities of Seller or the Principal, (ii) given any personal property or
real property to any Official, (iii) sold any personal property or real
property to any Official at less than fair market value, (iv) made a political
contribution to any governmental official in violation of applicable law, or
(v) otherwise taken any action in violation of any statute, rule, or regulation
prohibiting bribes, kickbacks, or other activities that seek to wrongfully
influence any Official.

 

             (c)         Except
as set forth in Schedule 3.16(c) hereto, to Seller’s knowledge, neither
Seller nor the Principal has (i) committed any act, (ii) violated any law, or
(iii) been charged with violating any law that has restricted or impaired, or
could restrict or impair, the ability of Seller or the Principal (or following
the Closing, Purchaser) to conduct business.

             Section 3.17     Finder's Fee. 
Seller and the Principal have not incurred any obligation for any
finder's, broker's or agent's fee in connection with the transactions
contemplated hereby for which Purchaser may be liable or for which a claim
could be asserted against the Purchased Assets.

             Section 3.18     Claims and Proceeding. 
Schedule 3.18 is a complete and accurate list and description of
all claims, actions, suits, proceedings and investigations currently pending
or, to the best knowledge of Seller, threatened against or affecting Seller,
the Principal or the Business Segment or any of the properties, Purchased
Assets, at law or in equity, or before or by any court, municipal or other
governmental department, commission, board, agency or instrumentality.  Except as set forth in Schedule 3.18,
none of such claims, actions, suits, proceedings or investigations will result
in any liability or loss to Seller, the Purchased Assets or the Business
Segment which (individually or in the aggregate) is material to Seller, the
Purchased Assets, or the Business Segment and Seller has not been, and is not
now, subject to any order, judgment, decree, stipulation or consent of any
court, governmental body or agency.  No
inquiry, action or proceeding has been asserted, instituted or, to the best
knowledge of Seller, threatened to restrain or prohibit the carrying out of the
transactions contemplated by this Agreement or to challenge the validity of
such transactions or any part thereof or seeking damages on account
thereof.  To the best knowledge of
Seller, there is no basis for any claim or action which would, or could
reasonably be expected to (individually or in the aggregate), have a material
adverse effect on the Business Segment or financial condition of Seller.  Except as set forth in Schedule 3.18,
no claim, complaint, suit, action, proceeding or investigation is pending or,
to Seller's actual knowledge, threatened against the Principal or to any other
person or entity having an ownership interest in, or who was an officer,
director, or agent of Seller, which may result in any restraint, prohibition or
the obtaining of damages or any other relief.

             Section 3.19     Employees and Consultants.  Set forth in Schedule 3.19 hereto is a complete and
accurate list of all employees and consultants of Seller related to the
Business Segment.  Seller has not
granted or become obligated to grant any increases in the wages or salary of,
or paid or become obligated to pay any bonus or made or become obligated to
make any similar payment to or grant any benefit to or on behalf of any of such
individuals.   Seller has no direct or
indirect, express or implied, obligation to pay severance or termination pay to
any such individuals or to pay any amounts to any consultant in relation to the
Business Segment other than the individuals set forth on Schedule 3.19.  Seller and the Principal have no actual
knowledge of any facts which would indicate that any employee or consultant of
Seller listed on Schedule 3.19 will not accept employment or a consulting
relationship with Purchaser on a basis no less favorable than such employee or
consultant’s current relationship with Seller.

             Section 3.20     Other Employee Matters. To Seller's actual knowledge, Seller
is in compliance with all federal and state laws respecting employment and
employment practices, terms and conditions of employment and wages and hours
and is not engaged in, nor has it committed, any unfair labor practice as
defined in the National Labor Relations Act of 1947, as amended. There is no
unfair labor practice claim against Seller before the National Labor Relations
Board.

             Section 3.21     Overtime. Back Wages. Vacation and Minimum Wages.  No present or former employee of Seller has,
or will as of the Closing Date have, any claim against Seller (whether under
federal, state or local law, any employment agreement, or otherwise) on account
of or for (a) overtime pay, other than overtime pay for the then current
payroll period, (b) wages or salary for any period other than the current
payroll period, (c) vacation, time off or pay in lieu of vacation or time off,
other than that earned in respect of the current fiscal year or accrued on
Seller's books and records, or (d) any violation of any statute, ordinance or
regulation relating to minimum wages or maximum hours of work.  All amounts required to be withheld by
Seller from its employees have been properly withheld and will be timely
deposited and all contributions required to be paid by Seller in respect of its
employees have been paid in accordance with the applicable provisions of
federal, state and local laws regarding income tax withholding and social
security, workers compensation, unemployment compensation or similar taxes or
contributions.

             Section 3.22     Discrimination and Occupational Safety and Health.  No person or party (including, but not
limited to, governmental agencies of any kind) has any claim, or basis for any
action or proceeding, against Seller arising out of any statute, ordinance or
regulation relating to discrimination in employment or employment practices or
occupational safety and health standards. 
Seller has not received any notice from any federal, state or local
entity alleging a violation of occupational safety or health standards.

             Section 3.23     ADA.  Seller has
not received notice from any individual, entity or federal, state, local
governmental agency or official notifying it that Seller or any property or
asset of Seller is in violation of, or in noncompliance with, the Americans
with Disabilities Act (the "ADA"). 
Seller has not received any notice of a claim or potential claim under
the Civil Rights Act of 1991 for any violation of the ADA.

             Section 3.24     Condition of Fixed Assets.  Intentionally Deleted.

             Section 3.25     Books of Account and Records.  The books of account of Seller have been kept accurately in the
ordinary course of its business, the transactions entered therein represent
bona fide transactions and the revenues, expenses, assets and liabilities of
Seller have been properly recorded in such books.  The Records are in good order, are complete, and have been
maintained in accordance with sound business practices.

             Section 3.26     Corporate Name. 
Intentionally Deleted.

             Section 3.27     Investments in Competitors.  Except for the ownership of non-controlling interests in
securities of corporations the shares of which are listed on generally
recognized stock exchanges, the Principal does not own directly or indirectly
any interest or has any investment in any corporation, business or other person
which is a competitor of the Business Segment, or which otherwise directly does
business with Seller in relation to the Business Segment.

             Section 3.28     Contracts and Transactions with Affiliates and Others.  Except as set forth on Schedule 3.28,
no Principal, director or officer of Seller, nor any person who is a spouse or
descendant of such Principal, director or officer, has any direct or indirect
relationship with any customer or supplier of, or other contracting party with,
Seller.  Except as set forth on Schedule 3.28
and except for salaries and benefits paid in the ordinary course of Seller’s
business, Seller has not paid any sum, assumed any debt or distributed any
assets to the  Principal or any director
or officer of Seller, or any person who is a spouse or descendant of the
Principal, director or officer

             Section 3.29     Real Property.  Schedule
3.29 describes all real estate owned or leased by Seller or otherwise
occupied by Seller in the Business Segment (the "Real Property").  Except as set forth on Schedule 3.29,
Seller's use and operation of the Real Property and Purchaser's use of such
premises in the same manner as used by Seller are, and at the Closing Date will
be, valid and permitted uses of such premises which in no way violate any Laws
(as hereinafter defined) or any agreement, document or instrument respecting
such premises and do not constitute non-conforming use.  All uses of the Real Property and all uses
made thereby by Seller have been, and as of the Closing Date will be, in
compliance with all federal, state, county and local laws, rules, orders,
regulations and ordinances, including without limitation, all applicable
planning and zoning laws, rules, regulations and ordinances (collectively,
"Laws"), except for minor violations which do not and will not have a
material adverse effect on the operation of the Business Segment.  Neither Seller, the Principal, nor anyone on
its or their behalf, has received any notices of any violations of any Laws
regarding the Real Property.

             Section 3.30     Business Relations with Suppliers.  Except as set forth in Schedule 3.30
hereto, neither Seller nor any Principal has received actual notice, that any
supplier of Seller will, cease or refuse to do business with Purchaser after
the consummation of the transactions contemplated hereby.  Except as set forth in Schedule 3.30,
neither Seller nor any Principal has received any actual notice of any
disruption (including delayed deliveries or allocations by suppliers or service
providers) in the availability of the materials, products, supplies or services
used by Seller, nor is Seller aware of any facts which could lead Seller to
believe that the Business Segment (whether before or after the Closing) will be
subject to any such material disruption. 
Seller is not aware of any condition (financial or otherwise) affecting
any of Seller's major suppliers that is likely to reduce each such supplier's
ability to do business with Purchaser in a similar manner that each such
supplier has done business with Seller during the period preceding this
Agreement.

             Section 3.31     Agents.  Seller
has not designated or appointed any person or other entity to act for it or on
its behalf pursuant to any power of attorney or any agency which is presently
in effect.

             Section 3.32     Permits.  Set
forth in Schedule 3.32 hereto is a list of all permits, licenses and
approvals from federal, state, county, local and foreign governmental and
regulatory bodies (collectively, "Permits") held, utilized or applied
for by Seller, including, without limitation, all state licenses required to be
issued in those states in which Seller does business, and the Permits are valid
and in full force and effect.  Except as
set forth in Schedule 3.32, no other or additional licenses, permits or
approvals are required of or from any governmental authority or agency in
connection with the conduct of the Business Segment which, if not obtained,
could materially and adversely affect the Business Segment or the Purchased
Assets.  Seller and the Business Segment
have complied and are in compliance, in all material respects, with the terms
and conditions of the Permits and no violation of any of the Permits or the
laws or rules governing the issuance or continued validity thereof has occurred.  Seller has not received any claim or notice,
have no knowledge indicating, that Seller or the Business Segment  is not in compliance with the terms of any
such Permits or with any of the requirements, standards and procedures of the
federal, state, county, local and foreign governmental regulatory bodies which
issued them.  To Seller’s knowledge,
Seller is in material compliance with all federal, state, county and local
laws, ordinances, codes, regulations, orders, requirements, standards and
procedures which are applicable to Seller, the Business Segment or the
Purchased Assets.

             Section 3.33     Proprietary Information. 
Neither Seller, nor any Principal (nor to the best knowledge of Seller,
any employee of Seller) has disclosed any confidential information purported to
be transferred hereunder (including, but not limited to, current or prospective
customer lists, financial statements, trade secrets, methods by which the
business of Seller is or has been conducted, and methods by which the customers
or business of Seller are or have been obtained) which does not exist in the
public domain to any third party except (i) in the ordinary course of business
and then under appropriate confidentiality covenants or agreements sufficient
to protect and maintain the confidentiality and proprietary nature of such
information, (ii) to prospective buyers of the Business Segment under
appropriate confidentiality covenants or agreements sufficient to protect and
maintain the confidentiality and proprietary nature of such information, and
(iii) to Purchaser or its agents or representatives.

             Section 3.34     Necessary Property. 
The Purchased Assets (including the Assigned Contracts) constitute all
of the property, rights and agreements now used, necessary or advisable for the
conduct and operation of the Business Segment in the manner and to the extent
presently conducted or currently proposed to be conducted by Seller.  Each Assigned Contract is valid, binding,
and in full force and effect and has not been amended, rescinded, or modified,
will not be breached or violated as a result of its assignment to Purchaser
(except for the obtaining of the appropriate consents for the Assigned
Contracts which are listed on Schedule 3.15 as requiring consents) and will be
fully enforceable by Purchaser in accordance with its terms.  To the best of Seller's and Principal's
knowledge, no party to any of the Assigned Contracts is in default or alleged
to be in default thereunder and there exists no condition or event which, after
notice or lapse of time or both, would constitute a default by any party and
Seller is not aware of any cancellation, or threat to cancel or not to renew or
extend any of the Assigned Contracts by any party thereto.  A list of all the Assigned Contracts is
attached as Schedule l.l(f) and Seller has furnished Purchaser complete
and accurate copies of the Assigned Contracts. 
Except for the Assigned Contracts, Seller has no oral or written
agreement, contract or understanding with any person or entity

 

Section
3.35     Environmental Matters.

             (a)         The
following terms shall have the following meanings:

             (i)          "Applicable
Environmental Laws" means all federal, state and local or municipal,
statutory, regulatory and common law requirements relating to the protection of
human health and safety or the environment, including, without limitation, the
Comprehensive Environmental Response Compensation and Liability Act (42 U.S.C.
§ 9601 et seq.), the Resource Conservation and Recovery Act (42 U.S.C. §
6901 et seq.), the Clean Water Act, (33 U.S.C. § 1251 et seq.), the Clean Air
Act, (42 U.S.C. § 7401 et seq.), the Toxic Substance Control Act (15 U.S.C. §
2601 et seq.), Federal Insecticide Fungicide Rodenticide Act (7 U.S.C. § 136 et
seq.), Occupational Safety and Health Act (29 U.S.C. § 651 et seq.), and all
applicable judicial, administrative, and regulatory decrees, judgments, and
orders.

             (ii)         "Hazardous Materials" means any chemical
substances, pollutants, contaminants, materials, industrial solid wastes or
other wastes, or combinations thereof, whether solid, liquid or gaseous in
nature which poses or may pose a hazard to the health or safety of persons or
the environment or the presence of which may require investigation or
remediation under any Applicable Environmental Laws, including, without
limitation, material which is or becomes defined as a "hazardous
waste" or "hazardous substance" under the Comprehensive
Environmental Response Compensation and Liability Act (42 U.S.C. § 9601 et
seq.) and/or the Resource Conservation and Recovery Act (42 U.S.C. § 6901 et
seq.) or which contains gasoline, diesel fuel or other petroleum hydrocarbons,
polychlorinated biphenyls (PCBs), asbestos, urea formaldehyde foam insulation,
or radon gas.

             (b)        To
the best of Seller's and Principal's knowledge, Seller is and has been in
compliance with all Applicable Environmental Laws.

             (c)         To
the best of Seller's and Principal's knowledge, there has been no past or
present spill, discharge, disposal or release of Hazardous Materials onto or
from the Real Property or other property occupied by Seller, nor are any
Hazardous Materials presently deposited, stored, or otherwise located on,
under, in or about the Real Property or such other property (except in strict
compliance with applicable laws), nor have any Hazardous Materials migrated
from the Real Property or such other property upon or beneath other properties.

             (d)        Schedule
3.35(d) contains a list of all applicable permits, licenses, approvals
and/or registrations required to be issued to it under Applicable Environmental
Laws on account of any or all of its activities and is in full compliance with
the terms and conditions of each permit, license, approval and
registration.  No material change in the
facts or circumstances reported or assumed in the application for or granting
of such permit, license, approval or registration exists.  Each such permit, license, approval, or
registration is in full force and effect, and following consummation of the
transactions contemplated herein, will continue to be in full force and effect
without any consent or approval, or may be modified, transferred or replaced by
Purchaser in the ordinary course of business without any interruption of the
conduct of its business, assuming timely application therefor and reasonable
diligence in pursuit thereof by Purchaser.

             (e)         Seller has not received any notice or
other communication concerning any alleged violation of any Applicable
Environmental Law, whether or not corrected to the satisfaction of the
appropriate authority, or notice or other communication concerning alleged
liability for any response costs or remedial action in connection with: (i) the
Real Property or any other property occupied by Seller, or (ii) any activities
of Seller, or for which Seller is alleged to be liable under any Applicable
Environmental Law. There exists no writ, injunction, decree, order, judgment,
or lien outstanding, nor any lawsuit, claim, proceeding, citation, directive,
summons or investigation, pending or, to the Seller's actual knowledge,
threatened, relating to: (i) the occupancy, use, maintenance or operation of
the Real Property or other property occupied by Seller, or (ii) conduct of the
Business Segment or other operations by Seller, or (iii) any alleged violation
of Applicable Environmental Law by Seller or (iv) the suspected presence of
Hazardous Materials on the Real Property or other property occupied by Seller
(other than those stored or utilized by Seller in the conduct of the Business
Segment which storage and usage has been and is in conformity with applicable
laws including but not limited to Applicable Environmental Laws).

             (f)         No
claim has been asserted, and Seller has no actual knowledge of any unasserted
claims arising out of violations of any Applicable Environmental Laws or the
handling, treatment, storage, transportation, disposal (or the arranging
therefor) or the discharge into the environment of any Hazardous Materials,
including, without limitation, claims for penalties, natural resource damage,
personal injury, property damage or response or remedial costs.

             (g)        No
underground storage tanks for petroleum or any other substance, or underground
piping or conduits associated with such tanks, are or have previously been
located on the Real Property or any other property occupied by Seller.

             (h)        No
Hazardous Materials, including without limitation, asbestos-containing
materials or PCB-containing materials, are installed, contained in building
material, contained in transformers or other electrical equipment, or are
otherwise present on the Real Property nor any other property occupied by
Seller (other than those stored or utilized on the Real Property by Seller in
the conduct of the Business Segment which storage and usage has been and is in
conformity with Applicable Environmental Laws).

             (i)          Seller
has not been refused insurance coverage, nor has insurance coverage ever been
canceled, as a result of the presence of Hazardous Materials on the Real
Property or other property occupied by Seller, or violations of Applicable
Environmental Laws, or due to other concerns relating to matters affecting
human health or the environment.

             (j)          There
are no activities on the Real Property or any other property occupied by
Seller, or any type of material, including but not limited to Hazardous Materials,
on the Real Property or other property occupied by Seller that would currently
require deed recordation of such activities by Seller.

             (k)         There
are no active or inactive solid waste management units or hazardous waste
management units on the Real Property or any other property occupied by Seller.

             (l)          There are no plans or documents,
whether or not government approved, including, but not limited to, contingency
plans, closure and post-closure plans or consent decrees or settlement
agreements which impose environmental obligations on Seller or against the Real
Property.  There are no requirements,
whether by regulation, agreement or otherwise, imposing financial obligations
on Seller or on the Real Property with respect to environmental conditions or activities
which exist, have existed, are occurring or have occurred on the Real Property
or in connection with or resulting from the conduct of the Business Segment by
Seller or other activities of Seller.

             (m)        Seller
has provided Purchaser with all environmental studies and reports in its
possession or control by whomsoever conducted, all environmental records of
Seller, and all documents of Seller concerning environmental conditions of the
Real Property or other property occupied by Seller, or which identify
underground tanks, or otherwise relate to actual or potential contamination of
the soil or groundwater.

             (n)        No
Hazardous Materials have been disposed of by Seller on the Real Property or
other property occupied by it or have been transported to any off-site disposal
area other than those identified in Schedule 3.35(n) and, to the actual
knowledge of Seller, none of those sites have been designated or are being
considered for designation as a site requiring clean-up pursuant to any
Environmental Law.

             Section 3.36     Investment Representations.  Intentionally Deleted.

             Section 3.37     Accuracy of Information Furnished.  To Seller's best knowledge, all information
furnished to Purchaser by Seller, as an Exhibit or Schedule hereto, is true,
correct and complete in all material respects. 
Such information states all material facts required to be stated therein
or necessary to make the statements therein, in light of the circumstances
under which such statements are made, true, correct and complete in all
material respects.  Seller has made due
inquiry and investigation concerning the matters to which representations and
warranties of Seller under this Agreement pertain and Seller is not unaware of
any facts, events or circumstances which have not been disclosed to Purchaser
which are material to the Purchased Assets, the Business Segment or Seller.

ARTICLE IV

Cross Default

             Section 4.1       Any breach or default under any covenant or any inaccuracy in
any representation made by Seller’s Affiliate, Lasdorf Corporate Services,
Inc., in that certain Asset Purchase Agreement of even date herewith among
Purchaser, Lasdorf Corporate Services, Inc. and Andrew Yasinsky, the sole
shareholder of Lasdorf Corporate Services, Inc., including any exhibits and
schedules thereto or in any certificate, document or other instrument delivered
in connection with the transfer or other transactions contemplated by this such
agreement shall be deemed a breach and default under this Agreement by Seller
and the Principal.  In that event,
Purchaser shall have the right to any and all legal remedies available to it
for a breach/violation of both Asset Purchase Agreements

ARTICLE V

Indemnification

             Section 5.1       Seller's Indemnity. 
Subject to the terms and conditions of this Article V, Seller and the
Principal, and each of them hereby jointly and severally agree to indemnify,
defend and hold Purchaser and its shareholders, officers, directors, agents,
attorneys and affiliates (defined as Purchaser and any person or entity
controlling, controlled by, or under common control with, Purchaser) harmless
from and against all losses, claims, obligations, demands, assessments,
penalties, liabilities, costs, damages, reasonable attorneys' fees and expenses
(collectively, "Damages"), incurred by any or all of them or assessed
against the Purchased Assets by reason of or resulting from or based upon:

             (a)         The
inaccuracy of any representation or breach or default of or under any warranty,
covenant or agreement made by Seller and/or the Principal in this Agreement,
including, the Exhibits and Schedules or in any certificate, document or other
instrument delivered in connection with the transfer or other transactions
contemplated by this Agreement including the Non-Compete Agreements;

             (b)        Any
product liability claims relating to products sold and/or leased by Seller;

             (c)         Any
general liability claims arising out of or relating to occurrences of any
nature relating to the Business Segment or the conduct thereof, prior to the
Closing, whether any such claims are asserted prior to or after the Closing;

             (d)        Any
obligation or liability under or related to any Plan or the termination
thereof;

             (e)         Any
failure to comply with all applicable bulk transfer laws;

             (f)         Any
sales, use, or similar taxes in connection with the purchase and sale
transaction contemplated by this Agreement; or

             (g)        Any
general liability claims arising out of or relating to occurrences of any
nature relating to Seller's conduct from and after the Closing.

             Section 5.2       Purchaser's Indemnity. 
Subject to the terms and conditions of this Article V, Purchaser
hereby agrees to indemnify, defend and hold Seller and its shareholders,
officers, directors, agents, attorneys and affiliates (defined as Seller and any
person or entity controlling, controlled by, or under common control with,
Seller), and Principal harmless from and against all Damages asserted against
or incurred by any or all of them by reason of or resulting from or based on:

             (a)         The
inaccuracy of any representation or breach or default of or under any warranty,
covenant or agreement made by Purchaser in this Agreement, including Exhibits
and Schedules, or in any certificate, document, or other instrument delivered
in connection herewith or with the transfer or other transactions contemplated
by this Agreement;

             (b)        The
failure of Purchaser to pay, perform and discharge when due any Assumed
Liabilities;

             (c)         Any
product liability claims relating to products sold by Purchaser; or

             (d)        Any
general liability claims arising out of or relating to occurrences of any
nature relating to the conduct of the Business Segment after the Closing.

             Section 5.3       Conditions of Indemnification.  The respective obligations and liabilities
of Seller and Purchaser (the "indemnifying party") to the other (the
"party to be indemnified") under Sections 5.1 and 5.2 hereof with
respect to claims resulting from the assertion of liability by third parties
shall be subject to the following terms and conditions:

             (a)         Within
20 days (or such earlier time as might be required to avoid prejudicing the
indemnifying party's position) after receipt of notice of commencement of any
legal action evidenced by service of process or other legal pleading, or with
reasonable promptness after the assertion in writing of any claim by a third
party, the party to be indemnified shall give the indemnifying party written
notice thereof together with a copy of such claim, process or other legal
pleading, and the indemnifying party shall have the right to undertake the
defense thereof by representatives of its own choosing (but subject to the
approval of the indemnified party which approval will not be unreasonably
withheld or delayed) and at its own expense; provided, however, that the party
to be indemnified may participate in the defense with counsel of its own choice
and at its own expense and, provided further, that the failure of the party to
be indemnified to give timely notice shall not affect the right to
indemnification hereunder except to the extent (and then only to the extent)
the indemnifying party proves actual damages caused by such failure.

             (b)        In
the event that the indemnifying party, by the 30th day after receipt of notice
of any such claim (or, if earlier, by the 10th day preceding the day on which
an answer or other pleading must be served in order to prevent judgment by
default in favor of the person asserting such claim), does not elect to defend
against such claim, the party to be indemnified will (upon further notice to
the indemnifying party) have the right to undertake the defense, compromise or
settlement of such claim on behalf of and for the account and risk of the
indemnifying party and at the indemnifying party's expense, subject to the
right of the indemnifying party to assume the defense of such claims in
accordance with this Section 5.3(b) at any time prior to settlement, compromise
or final determination thereof.

             (c)         Anything
in this Section 5.3 to the contrary notwithstanding, the indemnifying party
shall not settle any claim without the consent of the party to be indemnified
unless such settlement involves only the payment of money and the claimant
provides to the party to be indemnified a release from all liability in respect
of such claim.  If the settlement of the
claim involves more than the payment of money, the indemnifying party shall not
settle the claim without the prior consent of the party to be indemnified,
which consent shall not be unreasonably withheld.

             (d)        The
party to be indemnified and the indemnifying party will each cooperate with all
reasonable requests of the other.

             Section 5.4       Remedies Not Exclusive.  The remedies provided in this Article V shall not be exclusive of
any other rights or remedies available by one party against the other, either
at law or in equity.

             Section 5.5       Actions to Minimize Losses.  Notwithstanding any provision of this Article V to the contrary,
any party to this Agreement shall be entitled, without first complying with the
provisions of Sections 5.1, 5.2 or 5.3 hereof, to (c) pay to and/or compromise
or settle with the claimant any claim for which such party is entitled to
indemnification under Section 5.1 or 5.2 hereof, if delay in the resolution of
such claim could reasonably be expected to have an immediate and material adverse
effect on such party or on the conduct of the Business Segment and
(d) compromise and settle any lawsuit, enforcement action or
administrative proceeding for which indemnification is provided to such party,
or with respect to which such party has the right to control the defense and
investigation under Section 5.3 hereof, if the pendency of such lawsuit,
enforcement action or administrative proceeding or delay in the resolution of
the claim to which it relates could reasonably be expected to have an immediate
and material adverse effect on the conduct of the Business Segment; provided,
however, such party shall, prior to exercising its rights pursuant to this
Section 5.6, give at least ten (10) days prior written notice to the other
party(ies) of the intent to exercise the rights granted hereunder, the
occurrence causing such intended exercise, the action requested of the other
party(ies) and the time within which such action by the other party(ies) must
be taken to avoid the exercise of rights pursuant to this Section 5.5.

             Section 5.6       Restrictions on Indemnification.  Neither party shall have liability under
this Article V arising from any breach of warranty, misrepresentation or
omission unless the aggregate amount of all Damages finally determined to arise
from such breaches, misrepresentations or omissions exceeds Fifty Thousand
Dollars ($50,000), and, in such event the indemnifying party shall be required
to pay the full amount of such Damages including the first Fifty Thousand
Dollars ($50,000) of such Damages.

ARTICLE VI

Miscellaneous

             Section 6.1       Amendment and Waiver. 
No provision of this Agreement may be amended, modified, supplemented or
waived except by an instrument in writing executed by all of the parties hereto
or, in the case of an asserted waiver, executed by the party against which
enforcement of the waiver is sought.

             Section 6.2       Assignment. 
Neither this Agreement nor any right created hereby shall be assignable
by any party hereto, except by Purchaser to an affiliate.

             Section 6.3       Notice.  Any
notice or communication must be in writing and given by depositing the same in
the United States mail, addressed to the party to be notified, postage prepaid
and registered or certified with return receipt requested, or by delivering the
same in person or by fax.  Such notice
shall be deemed received on the date on which it is hand-delivered or faxed
(with confirmation received) or on the third business day following the date on
which it is so mailed.  For purposes of
notice, the addresses of the parties shall be:

	If to Purchaser:	HyperFeed
  Technologies, Inc. 

  300 South Wacker Drive

  Suite 300

  Chicago, IL 60606

  Attn: John Juska

  Fax: 312-913-2900
	 	 
	with a copy to:	Craig M. White, Esq.

  Wildman, Harrold, Allen & Dixon

  225 West Wacker Drive,  Suite 3000

  Chicago, IL 60606

  Fax: 312-201-2555
	 	 
	If to Seller:	Lasdorf Corporate
  Services, Inc.

  c/o Andrew Yasinsky

  512 Davey Glen Rd.

  Belmont, CA 94002

  Fax: (650)654-3354
	with a copy to:	David C. Longinotti

  Hanson, Bridgett, Marcus, Vlahos & Rudy, LLP.

  333 Market Street, Suite 2300

  San Francisco, CA 94105

  FAX:  (415)541-9366

Any
party may change its address for notice by written notice given to the other
parties in accordance with this Section 6.3.

             Section 6.4       Confidentiality. 
Until the Closing, the parties shall keep this Agreement and its terms
confidential, but after the Closing (i) any party may make such disclosures
after the Closing as it reasonably considers are required by law, but each
party will notify the other parties in advance of any such disclosure and (ii)
the parties may disclose this Agreement, but not its terms, in such manner as
such party deems in the exercise of good faith necessary or appropriate.  In the event that the transactions
contemplated by this Agreement are not consummated for any reason whatsoever,
the parties hereto agree not to disclose or use any confidential information
they may have concerning the affairs of the other parties, except for
information which is required by law to be disclosed.  Confidential information includes, but is not limited to:
customer lists and files, prices and costs, business and financial records,
valuations, surveys, reports, plans, proposals, financial information,
information relating to personnel contracts, stock ownership, liabilities and
litigation.  Should the transactions
contemplated hereby not be consummated, nothing contained in this section shall
be construed to prohibit a party hereto from operating a business in
competition with the other party.

             Section 6.5       Entire Agreement. 
This Agreement and the exhibits hereto supersede all prior agreements
and understandings relating to the subject matter hereof, except that the
obligations of any party under any agreement executed pursuant to this
Agreement shall not be affected by this Section.

             Section 6.6       Transactional Expenses.

             (a)         Except
as otherwise provided in this Agreement, Purchaser and Seller shall each bear
their respective costs and expenses of the transactions contemplated hereby,
including without limitation, the fees and expenses of their attorneys,
accountants and other advisors. The prevailing party in any arbitration or
other legal proceeding hereunder or under any agreement executed pursuant
hereto will, however, be entitled to recover its reasonable attorneys' fees and
expenses.

             (b)        Seller
shall pay out of the proceeds of the purchase and sale transaction contemplated
by this Agreement all sales, use, and similar taxes, if any, in connection with
such purchase and sale of the Purchased Assets.

             Section 6.7       Severability. 
If any provision of this Agreement is held to be illegal, invalid or
unenforceable under present or future laws effective during the term hereof,
such provision shall be fully severable and this Agreement shall be construed
and enforced as if such illegal, invalid or unenforceable provision never
comprised a part hereof; and the remaining provisions hereof shall remain in
full force and effect and shall not be affected by the illegal, invalid or
unenforceable provision or by its severance herefrom.  Furthermore, in lieu of such illegal, invalid or unenforceable
provision, there shall be added automatically as part of this Agreement, a
provision as similar in its terms to such illegal, invalid or unenforceable
provision as may be possible and be legal, valid and enforceable.

             Section 6.8       Specific Performance. 
Each party to this Agreement acknowledges that a refusal by the other
party to consummate the transactions contemplated hereby will cause irrevocable
harm to the non-refusing party, for which there may be no adequate remedy at
law and for which the ascertainment of damages would be difficult.  Therefore, the non-refusing party shall be
entitled, in addition to, and without having to prove the inadequacy of, other
remedies at law, to specific performance of this Agreement, as well as
injunctive relief.

             Section 6.9       Survival of Representations.  Warranties and Covenants. Except as otherwise set forth in this
Section 6.9, all representations and warranties of the parties hereunder shall
survive for three (3) years after the Closing Date; provided that there shall
be no termination of any such representation or warranty as to which a claim
has been asserted prior to the termination of such survival period.  All representations and warranties of Seller
set forth in Sections 3.4, 3.9 and 3.35 shall survive indefinitely.  All representations and warranties of Seller
set forth in Section 3.14 shall survive the Closing and remain effective until
one year after the expiration of the applicable statute of limitations for claims
that might be asserted for matters related thereto.

             Section 6.10     Governing Law. 
This Agreement shall be governed by, and construed in accordance with,
the substantive laws of the State of Illinois without reference or regard to
the conflicts of law rules of said state. 
In the event a dispute arises under this Agreement, the parties agree
that the exclusive jurisdiction and venue for the resolution of any dispute
shall be state and Federal courts located in Cook County, Illinois.  Each party irrevocably submits to the
jurisdiction of the State of Illinois and waives any objection, which it may
have based upon improper venue or forum non conveniens to the conduct of any
proceeding in any such court.  Both parties
waive personal service of any process upon it and consents to service of
process by mail.

             Section 6.11     Captions.  The
captions in this Agreement are for convenience of reference only and shall not
limit or otherwise affect any of the terms or provisions hereof.

             Section 6.12     Counterparts.  This
Agreement may be executed in counterparts, each of which shall be deemed an
original, and all of which together shall constitute one and the same
instrument.

             Section 6.13     Number and Gender. 
Whenever the context requires, references in this Agreement to the
singular number shall include the plural, the plural number shall include the
singular and words denoting gender shall include the masculine, feminine and
neuter.

[SIGNATURE PAGES TO
FOLLOW]

             IN WITNESS WHEREOF, the parties
hereto, intending to be legally bound, have executed this Agreement as of the
date first above written.

 

	 	PURCHASER:	 
	 	

	 
	 	 	 
	 	HyperFeed Technologies
  Corporation,

  a Delaware corporation
	 	 
	 	By:	 
	 	 	

	 	Name:	 
	 	 	

	 	Its:	 
	 	 	

	 	 	 
	 	 	 
	 	SELLER:	 
	 	

	 
	 	 	 
	 	Lasdorf Corporate Services,
  Inc., 

  a California corporation
	 	 
	 	By:	 
	 	 	

	 	Name:	 
	 	 	

	 	Its:	 
	 	 	

	 	 	 
	 	 	 
	 	PRINCIPAL:	 	 
	 	

	 	 
	 	 	 	 
	 	 	 	 
	 	

	

	 
	 	Name:	Andrew Yasinsky	 
						

 

SUPPORT SERVICES

Document Log Sheet

Note:  This
requisition is for WP use only — please do not delete

 

	Attorney
  Name:  Geoffrey Cockrell	Docs
  Open No.:  644370v1
	Extension:  2422	Client ID:  C5950-00001 (N/B)
	Secretary
  Extension:  2466	Billing
  Attorney:  
	Floor:  26	Duplicate
  Document No.:  
	Document Title:  HF – APA TIME
  IN                                                                                DUE
  DATE/TIME                                                                     COMPARE
  TO                                                                                              ________________                                                          _______________   DRAFT                                                                             MAKE
  NEW VERSION                                                                               FINAL(for compare purposes)MAKE NEW DOCUMENT

 

 

SPECIAL
INSTRUCTIONS

                                                                                                                                                                                                                                                

                                                                                                                                                                                                                                                

(WP abbreviations:      S=Scan; K=Key; R=Revise; D=Draft; F=Final;
P=Print Only; FM=Form Document; Dupe=Duplicate; C=Cleanup; CV=Convert)

 

	Operator	Revs/etc.	Date	Begin	End	Proof	Compare
	Megan	SD	3/2/01	5:45	6:30	mm	 
	Carolyn	SD	3/4/01	10:52	12:20	spck	 
	Natalie	Proof	03/04/00	1:30	2:45	natalie	 
	Agnes	v2,R	3/7/01	6:20a	7:00a	 	 
	Kathy	rd/cp	3/7/01	8:20	8:55	edits	v1
	Hazel	RD	4/11/01	12:05

  1:18	12:18

  2:15	edits/mm	v3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]