Document:

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                                                                    EXHIBIT 10.7

           GLOBAL BILL OF SALE AND ASSIGNMENT AND ASSUMPTION AGREEMENT

         This global bill of sale and assignment and assumption agreement (the
"ASSIGNMENT") is made and entered into as of April 1, 2004, by and between
Splinex LLC, a Florida limited liability company (the "ASSIGNOR"), and Splinex
Technology Inc., a Delaware corporation (the "ASSIGNEE").

                              W I T N E S S E T H:

         WHEREAS, in connection with a restructuring of the Assignor, the
parties hereto have agreed that all the right, title and interest of the
Assignor in and to (i) all of the assets and property, tangible or intangible,
used or owned, by the Assignor which have not been previously sold or assigned
to the Assignee, except for the assets set forth on SCHEDULE 1 hereto (such
assets, excluding the excluded assets, if any, the "ASSETS") shall be sold,
conveyed, transferred, assigned, set over and delivered by Assignor to Assignee
and (ii) all of the liabilities and obligations, whether known or unknown,
contingent or otherwise, of the Assignor which have not previously been assumed
by the Assignee, except for the liabilities set forth on SCHEDULE 1 hereto (such
liabilities, excluding the excluded liabilities, if any, the "LIABILITIES")
shall be contributed, conveyed, transferred, assigned and assumed by Assignor to
Assignee, upon the terms and conditions set forth below.

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

         1. Assignor does hereby contribute, assign, convey, transfer, set over
and deliver unto Assignee all of the Assignor's right, title and interest in and
to the Assets, free and clear of all pledges, assignments (other than the
assignment to which reference is made herein), hypothecations, security
interests, liens, encumbrances, restrictions or claims whatsoever, except
restrictions and obligations contained in any agreements assigned pursuant
hereto.

         2. Assignee hereby assumes all of the Liabilities.

         3. This Assignment will be construed in accordance with, and be
governed by, the laws of the State of Florida.

         4. This Assignment may be executed in counterparts, each of which will
be deemed to be an original and all of which are one and the same assignment.
Delivery of an executed counterpart of a signature page to this Assignment by
facsimile transmission shall be effective delivery of a manually executed
counterpart of this Assignment.

                           (signatures page to follow)

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         IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment
to be duly executed as of the date first above written.

                                     SPLINEX LLC

                                     By: /s/ Peter Novak
                                        --------------------------------------
                                     Name: Peter Novak
                                        --------------------------------------
                                     Title: President
                                        --------------------------------------

                                     SPLINEX TECHNOLOGY INC.

                                     By: /s/ Peter Novak
                                        --------------------------------------
                                     Name: Peter Novak
                                        --------------------------------------
                                     Title: President
                                        --------------------------------------

                                      -2-<PAGE>
                                                                    EXHIBIT 10.8

[Splinex logo]

PRIVATE AND CONFIDENTIAL

May 20, 2004

Jerry Herlihy
2850 Farragut Lane
West Palm Beach, FL 33409

Dear Jerry:

On behalf of Splinex, Inc., I am very pleased to offer you the position of CHIEF
FINANCIAL OFFICER based upon the following terms:

         o  A salary of $110,000 per year, paid semi-monthly.

         o  An annual target bonus up to 50% of annual salary based on
            performance and Board approval.

         o  Options to purchase 100,000 shares of post stock split Splinex, Inc.
            common stock.

         o  You will be required to sign the Company's Nondisclosure Agreement,
            its Confidentiality Agreement and its Business Code of Conduct, as a
            condition of accepting this position.

         o  Medical and dental insurance coverage shall begin on the first of
            the month following 30 days of employment.

         o  A mutually agreeable start date will be established upon your
            acceptance of this offer.

         o  Your employment with Splinex will be on an "at will" basis.

         o  You will be entitled to receive three (3) weeks of paid vacation per
            12 months of employment relative to your anniversary date.

We are excited about the prospect of you joining our team. If the above proposal
meets your approval, please sign below and fax back to 954 556 4031.

 Thank you again for your time and I look forward hearing from you.

Sincerely,

Kevin Fitzgerald
Director
Splinex, Inc.

Print Name   Gerard Herlihy

Signature /s/ Gerard Herlihy                 date:
          -----------------------                  -----------------------------<PAGE>

                                                                    EXHIBIT 10.9

                          SPLINEX CONSULTANT AGREEMENT

         This Consultant Agreement ("Agreement") is entered into and effective
as of 1 Feb, 2004 (the "Effective Date") by and between Splinex Technology Inc.,
a Delaware corporation with an office at 550 Cypress Creek Road, Suite 410, Fort
Lauderdale, Florida 33309 ("Splinex") and Peter Novak ("Consultant") with an
address at 550 West Cypress Creek Road, Fort Lauderdale, Florida 33306.

         1. ENGAGEMENT OF SERVICES. Splinex desires to engage Consultant perform
the following services (the "Services"); technical advice, technical management,
strategic planning and international licensing advice. All Services to be
performed by Consultant shall be assigned on a project basis by a designated
representative of Splinex (the "Designated Representative"). The initial
Designated Representatives shall be Torn Stitt.

         2. COMPENSATION.

         2.1 FEES. Consultant agrees to perform the Services for a monthly rate
of $8333.33 for each month during which Consultant performs Services for Splinex
pursuant to this Agreement.

         2.2 PAYMENT. At the end of each month, Consultant shall submit an
invoice to Splinex. Each invoice submitted by Consultant shall describe (i) the
hours during which Consultant performed Services, and (ii) a detailed
description of the Services actually performed for Splinex during each day
Consultant performed Services for Splinex. Payment of the cash portion of each
invoice shall be due within five (5) days of receipt of a correct invoice.
Consultant shall only be paid for Services that have been both assigned and
approved by the Designated Representative.

         3. INDEPENDENT CONTRACTOR. The parties expressly intend and agree that
Consultant is acting as an independent contractor and not as an employee of
Splinex. Nothing in this Agreement is intended to or should be construed to
create a partnership, joint venture, or employment relationship. Consultant
understands and agrees that Splinex will not pay or withhold from the
compensation paid to Consultant pursuant to this Agreement any sums customarily
paid or withheld for or on behalf of employees for income tax, unemployment
insurance, social security, worker's compensation or any other withholding tax,
insurance, or payment pursuant to any law or governmental requirement, and all
such payments as may be required by law are the sole responsibility of
Consultant.

         4. CONFIDENTIAL INFORMATION.

         4.1 CONFIDENTIAL INFORMATION. During the term of this Agreement,
Consultant may acquire access to proprietary and confidential information
belonging to Splinex, its customers, its suppliers and other third parties (all
such proprietary and confidential information is collectively defined as

<PAGE>

"Confidential Information"). Confidential Information includes but is not
limited to customer lists, marketing plans, proposals, contracts, technical
and/or financial information, data bases, software (including, but not limited
to object and source code, software output., screen displays, file hierarchies,
algorithms, graphics and user interfaces), trade secrets, formulas, designs,
ideas, processes techniques, know-how, improvements, schematics, inventions
(whether patentable or not), business and product development plans, and
information concerning the Splinex's actual or anticipated business, research or
development activities. Consultant agrees (a) it shall use the same degree of
care and means that it utilizes to protect its own information of a similar
nature, but in any event not less than reasonable care and means, to prevent the
unauthorized use or the disclosure of such Confidential Information to third
parties, (b) not to disclose or use any of such Confidential Information for any
purpose except as necessary and consistent with the terms of this Agreement, (c)
to limit the use of and access to such Confidential Information to such
employees who have a need to know such Confidential Information and have signed
legally binding non-disclosure agreements, (d) not remove any of the
Confidential Information of Splinex from the premises of Splinex, and (e) to
promptly notify Splinex in writing of any unauthorized disclosures end/or use
thereof. All Confidential Information belonging to Splinex remains the
confidential and proprietary information of the Splinex.

         4.2 EXCLUSIONS. Notwithstanding the foregoing, Confidential Information
does not include information: (a) that is or becomes generally available to the
public other than as a result of a disclosure by Consultant or any other person
who directly or indirectly receives such information from Consultant, or (b) is
required by law to be disclosed by Consultant.

         4.3 NO CONFLICT OF INTEREST. Consultant represents that Consultant's
performance of the obligations under this Agreement does not and will not
violate the terms of any agreements or understandings that Consultant has with
any other party.

         5. INTELLECTUAL PROPERTY RIGHTS.

         5.1 INTELLECTUAL PROPERTY RIGHTS. For the purposes of this Agreement,
"Intellectual Property Rights" means any and all intellectual property,
inventions, patents, copyrightable material, trademarks, trade secret rights,
improvements, discoveries, and technical developments that Consultant, solely or
jointly with others, conceives, makes, or reduces to practice within the scope
of the work under this Agreement.

         5.2 ASSIGNMENT OF INTELLECTUAL PROPERTY RIGHTS.

         (a) Assignment of IP is a subiect of separate agreement to be signed
not later than June 30, 2004.

         (b) Consultant agrees to assist Splinex in any reasonable manner to
obtain and enforce Splinex's benefit patents, copyrights, trademarks and other
property rights covering the Inventions in any and all countries, and Consultant
agrees to execute, when requested, patent, copyright, trademarks or similar
applications and assignments to Splinex and any other lawful documents deemed
necessary by Splinex to carry out the purpose of this Agreement. Consultant
further agrees that the obligations and undertaking stated in this Section 5.2
(b) will continue beyond the termination of Consultants service to Splinex. If
called upon to render assistance under this Section 5.2 (10, Consultant will be
entitled to a fair and reasonable fee in addition to reimbursement of authorized
expenses incurred at the prior written request of Splinex.

         (c) In the event that Splinex is unable for any reason whatsoever to
secure Consultant's signature to any lawful and necessary document required to

                                      -2-
<PAGE>

apply for or execute any patent, copyright, trademark or other applications with
respect to any Inventions (including improvements, renewals, extensions,
continuations, divisions, or continuations in part thereof, Consultant hereby
irrevocably designates and appoints Splinex and its duly authorized officers and
agents as Consultant's agents and attorneys-in-fact co act for and in his behalf
and instead of Consultant, to execute and file any such application and to do
all other lawfully permitted acts to further the prosecution and issuance of
patents, copyrights, trademarks or other rights thereon with the same legal
force and effect as if executed by Consultant.

         6. TERMINATION.

         6.1 TERMINATION. This Agreement is for the services of Consultant, and
may be immediately terminated at any time by either party upon written notice to
the other party. Upon termination or expiration of this Agreement, or at any
time upon request of Splinex, Consultant will immediately return or destroy, at
the direction of Splinex, all copies of Confidential Information and any other
property of Splinex in Consultant's possession. Consultant agrees that the
Consultant's sole and exclusive remedy for any breach of this Agreement by
Splinex will be limited to monetary damages and that the Consultant will nor
make any claim in respect of any rights to or interest in any Confidential
Information.

         6.2 NON-INTERFERENCE. During the term of this Agreement, and for a
period of one (1) year immediately following the last date that Consultant
performs services for Splinex, Consultant agrees not to solicit or induce any
employee or independent Consultant to terminate or breach an employment,
contractual, or other relationship with Splinex.

         9. GENERAL PROVISIONS.

         9.1 GOVERNING LAW. This Agreement is governed by the laws of the State
of Florida and the parties agree to the exclusive jurisdiction a court of
competent jurisdiction in Fort Lauderdale, Florida in relation to this
Agreement.

         9.2 WAIVER. No term or provision hereof will be considered waived by
either party, and no breach excused by either party, unless such waiver or
consent is in writing signed on behalf of the party against whom the waiver is
asserted. No consent by either party to, or waiver of, a breach by either party,
whether express or implied, will constitute consent to, waiver of, or excuse of
any other, different or subsequent breach by either party.

         9.3 SUCCESSORS AND ASSIGNS. Consultant may not assign its rights or
obligations arising under this Agreement without Splinex's prior written
consent. Splinex may assign its rights and obligations under this Agreement.
This Agreement will be for the benefit of Splinex's successors and assigns, and
will be binding on Consultant's heirs, legal representatives, and permitted
assignees.

         9.4 ATTORNEYS' FEES. If any dispute arises between the parties with
respect to the matters covered by this Agreement which leads to a proceeding to
resolve such dispute, the prevailing party in such proceeding shall be entitled

                                      -3-
<PAGE>

to receive its reasonable attorneys' fees, expert witness fees and out-of-pocket
administrative and court costs incurred in connection with such proceeding, in
addition to any other relief to which it may be entitled.

         9.5 NOTICES. All notices, requests and other communications required to
be given under this Agreement must be in writing, and must be mailed by
registered or certified mail, postage prepaid and return receipt requested, or
delivered by hand to the party to whom such notice is required or permitted to
be given. The mailing address for notice to either party will be the address in
the preamble to this Agreement. Either party may change its mailing address by
notice as provided by this Section 8.5.

         9.6 SURVIVAL. The terms of Section 4 ("Confidential Information") and
Section 5 ("Intellectual Property Rights") shall survive any termination or
expiration of this Agreement.

         9.7 SEVERABILITY. If any provision of this Agreement is held by a court
of competent jurisdiction to be invalid or unenforceable, tat provision shall be
deleted and the other provisions shall remain in effect.

         9.8 ENTIRE AGREEMENT. This Agreement, including all Exhibits to this
Agreement, constitutes the entire agreement between the parties relating to this
subject matter and supersedes all prior or simultaneous representations,
discussions, negotiations, and agreements, whether written or oral. This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, and all of which together shall constitute on and the same
instrument.

                CONSULTANT                            SPLINEX TECHNOLOGY INC.

By:   /s/ Peter Novak                    By:     /s/ Tom Stitt
      ---------------------------------          ------------------------------

Name: Peter Novak                        Name:   Tom Stitt
      ---------------------------------          ------------------------------

Title:                                   Title:  SVP
      ---------------------------------          ------------------------------

                                      -4-

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