Document:

f8k082407ex10i_redmile.htm

    

    

    

    STOCK
      PURCHASE AND SALE AGREEMENT

    

    BY
      AND
      AMONG

    

    RED
      MILE
      ENTERTAINMENT, INC.,

    

    RED
      MILE
      ENTERTAINMENT PTY LTD

    

    IR
      GURUS
      PTY LTD,

    

    and

    

    NATHAN
      ERIC MURPHY,

    

    MICHAEL
      THOMAS FEGAN,

    

    ANDREW
      GEOFFREY NIERE,

    

    CRAIG
      PHILIP LAUGHTON,

    

    BEN
      BYRON
      PALMER and

    

    IAN
      GEORGE CUNLIFFE

    

    and

    

    VOTRAINT
      NO. 651 PTY LTD

    

    

    

    August
      24, 2007

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    TABLE
      OF CONTENTS

     

    
      
        	
                1.

              	
                DEFINITIONS

              	
                2

              
	 	
                1.1

              	
                Definitions.

              	
                2

              
	 	
                1.2

              	
                Other
                  Defined Terms.

              	
                5

              
	 	
                1.3

              	
                Construction.

              	
                5

              
	
                2.

              	
                PURCHASE
                  AND SALE

              	
                6

              
	 	
                2.1

              	
                Purchase
                  and Sale.

              	
                6

              
	 	
                2.2

              	
                Purchase
                  Price.

              	
                6

              
	 	
                2.3

              	
                Stage
                  1 of the Contemplated Transaction.

              	
                6

              
	 	
                2.4

              	
                Stage
                  2 of the Contemplated Transaction.

              	
                7

              
	 	
                2.5

              	
                Stage
                  3 of the Contemplated Transaction.

              	
                9

              
	 	
                2.6

              	
                Option
                  to convert Second Cash Payment and/or Third Cash Payment to
                  Stock

              	
                10

              
	 	
                2.7

              	
                The
                  proportions of cash and Parent Common Stock.

              	
                11

              
	 	
                  

              	
                The
                  proportions of the Purchase Price in cash and shares of Parent
                  Common
                  Stock which are to be paid to each of the Sellers is as
                  follows:

              	
                11

              
	 	
                2.8

              	
                Value
                  of Parent Common Stock.

              	
                12

              
	 	
                2.9

              	
                Consequence
                  of failure by Buyer or Parent

              	
                13

              
	 	
                2.1

              	
                Consequences
                  of failure by Sellers or Company

              	
                13

              
	 	
                2.11

              	
                Resignations
                  of Directors; Appointment of New Board of the Company

              	
                14

              
	 	
                2.12

              	
                No
                  Assignees

              	
                14

              
	
                3.

              	
                LOAN
                  FROM THE COMPANY TO BUYER

              	
                15

              
	
                4.

              	
                COMMERCIAL
                  RATES FOR DEVELOPMENT

              	
                15

              
	
                5.

              	
                DISCLAIMER
                  OF PREVIOUS REPRESENTATIONS ETC.

              	
                16

              
	
                6.

              	
                REPRESENTATIONS
                  AND WARRANTIES OF SELLERS

              	
                16

              
	 	
                6.1

              	
                Organization.

              	
                17

              
	 	
                6.2

              	
                Capitalization.

              	
                17

              
	 	
                6.3

              	
                Ownership.

              	
                18

              
	 	
                6.4

              	
                Authority.

              	
                18

              
	 	
                6.5

              	
                Consents
                  and Approvals.

              	
                18

              
	 	
                6.6

              	
                Non-contravention.

              	
                19

              
	 	
                6.7

              	
                Financial
                  Statements.

              	
                19

              
	 	
                6.8

              	
                No
                  Undisclosed Liabilities.

              	
                20

              
	 	
                6.9

              	
                Absence
                  of Certain Changes.

              	
                20

              
	 	
                6.1

              	
                Contracts.

              	
                22

              
	 	
                6.11

              	
                Intellectual
                  Property.

              	
                23

              
	 	
                6.12

              	
                Employee
                  Matters.

              	
                28

              
	 	
                6.13

              	
                Compliance.

              	
                29

              
	 	
                6.14

              	
                Legal
                  Proceedings.

              	
                30

              
	 	
                6.15

              	
                Title
                  to Property.

              	
                30

              
	 	
                6.16

              	
                Tax
                  Matters.

              	
                30

              
	 	
                6.17

              	
                Insurance.

              	
                30

              
	
                7.

              	
                REPRESENTATIONS
                  AND WARRANTIES OF BUYER AND PARENT

              	
                31

              
	 	
                7.1

              	
                Organization.

              	
                31

              
	 	
                7.2

              	
                Capitalization.

              	
                31

              
	 	
                7.3

              	
                Authority.

              	
                32

              
	 	
                7.4

              	
                Consents
                  and Approvals.

              	
                32

              
	 	
                7.5

              	
                Non-contravention.

              	
                32

              

      

    

     

     

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

     

    
      
        	 	
                7.6

              	
                Financial
                  Statements.

              	
                33

              
	 	
                7.7

              	
                No
                  Undisclosed Liabilities.

              	
                33

              
	 	
                7.8

              	
                Absence
                  of Certain Changes.

              	
                33

              
	 	
                7.9

              	
                Contracts.

              	
                35

              
	 	
                7.1

              	
                Intellectual
                  Property.

              	
                36

              
	 	
                7.11

              	
                Employee
                  Matters.

              	
                36

              
	 	
                7.12

              	
                Compliance.

              	
                36

              
	 	
                7.13

              	
                Legal
                  Proceedings.

              	
                36

              
	 	
                7.14

              	
                Title
                  to Property.

              	
                36

              
	 	
                7.15

              	
                Tax
                  Matters.

              	
                37

              
	 	
                7.16

              	
                Insurance.

              	
                37

              
	
                8.

              	
                COVENANTS
                  OF SELLERS BEFORE CLOSURE

              	
                38

              
	 	
                8.1

              	
                Operation
                  of the Business of the Company.

              	
                38

              
	 	
                8.2

              	
                Access.

              	
                38

              
	 	
                8.3

              	
                Notice
                  of Certain Events.

              	
                39

              
	
                9.

              	
                COVENANTS
                  OF BUYER AND PARENT BEFORE CLOSURE

              	
                45

              
	 	
                9.1

              	
                Operation
                  of the Business of the Buyer and Parent.

              	
                45

              
	 	
                9.2

              	
                Notice
                  of Certain Events.

              	
                46

              
	
                10.

              	
                COVENANTS
                  OF SELLERS, PARENT AND BUYER

              	
                46

              
	 	
                10.1

              	
                Reasonable
                  Best Efforts; Further Assurances.

              	
                46

              
	 	
                10.2

              	
                Certain
                  Filings.

              	
                47

              
	 	
                10.3

              	
                Public
                  Announcements.

              	
                47

              
	 	
                10.4

              	
                Confidentiality.

              	
                47

              
	
                11.

              	
                INDEMNIFICATION;
                  REMEDIES

              	
                51

              
	 	
                11.1

              	
                Survival
                  of Representations, Warranties and Covenants.

              	
                51

              
	 	
                11.2

              	
                Indemnification
                  by Sellers.

              	
                51

              
	 	
                11.2

              	
                Indemnification
                  by Buyer and Parent.

              	
                52

              
	 	
                11.3

              	
                Procedure
                  for Claims.

              	
                52

              
	 	
                11.4

              	
                Procedure
                  for Indemnification - Defense of Third-party Claims.

              	
                52

              
	 	
                11.5

              	
                Limitations
                  on Amount and Time.

              	
                52

              
	
                12.

              	
                TAX
                  MATTERS

              	
                53

              
	 	
                12.1

              	
                Cooperation
                  and Exchange of Information.

              	
                53

              
	 	
                12.2

              	
                Survival.

              	
                54

              
	 	
                12.3

              	
                Expenses.

              	
                54

              
	 	
                12.4

              	
                Notices.

              	
                54

              
	 	
                12.5

              	
                Incorporation
                  of Schedules and Exhibits.

              	
                55

              
	 	
                12.6

              	
                Entire
                  Agreement and Modification.

              	
                55

              
	 	
                12.7

              	
                Severability.

              	
                56

              
	 	
                12.8

              	
                Assignments,
                  Successors, and No Third Party Rights.

              	
                56

              
	 	
                12.9

              	
                Waiver.

              	
                56

              
	 	
                12.1

              	
                Governing
                  Law and Jurisdiction.

              	
                56

              
	 	
                12.11

              	
                Counterparts;
                  Language.

              	
                57

              
	
                13.

              	
                TERMINATION

              	
                57

              
	 	
                Schedule
                  1 – Company Financials (see Section 6.7)

              	 
	 	
                Schedule
                  2 – No Undisclosed Liabilituies (see Section 6.8)

              	 
	 	
                Schedule
                  3 - Absence of Certain Changes by the Company (see Section
                  6.9)

              	 
	 	
                Schedule
                  3.1 – Third Party Work (see Section 3.1)

              	 
	 	
                Schedule
                  5 – Retention plan and severance payments (see Section
                  6.12(h))

              	 
	 	
                Seller’s
                  Disclosure Schedule (see Section 6)

              	 

      

    

     

     

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

     

    
      
        	
                Schedule
                  6.3 – Material Contracts of the Company and Contracts which require
                  approval of third parties to this transaction or which may be terminated
                  due to this transaction (see Section 6.10)

              
	
                Schedule
                  6.11(a) – Company Products (see Section 6.11(a))

              
	
                Scehdule
                  6.11(b) - List of Company Intellectual Property Rights (see Section
                  6.11(b))

              
	
                Schedule
                  6.11(c) - Actions to be taken to protect Company IP (see Section
                  6.11(c))

              
	
                Schedule
                  6.11(i) - IP Licenses (see Section 6.11(i))

              
	
                Schedule
                  6.11(j) - IP used by Company not developed/owned by Company (see
                  Section
                  6.11(j))

              
	
                Schedule
                  6.11(k) – Third Party Licenses (see Section 6.11(k))

              
	
                Schedule
                  6.11(l) – Third Party Platform or unowned IP (see Section
                  6.11(l))

              
	
                Schedule
                  6.11(n) – IP Licenses (see Section 6.11(n))

              
	
                Schedule
                  6.11(o) – Open source or public software (see Section
                  6.11(o))

              
	
                Schedule
                  6.11(s)(i) – Inbound IP Licenses (see Section
                  6.11(s)(i))

              
	
                Schedule
                  6.11(s)(ii) – Outbound IP Licenses (see Section
                  6.11(s)(ii))

              
	
                Schedule
                  6.11(s)(iii) – IP Licenses for each Company Product (see Section
                  6.11(s)(iii))

              
	
                Schedule
                  6.11(u) – IP Licenses with warranties, reimbursements, etc..(see Section
                  6.11(u))

              
	
                Schedule
                  6.12(e) – Company contracts with employee obligations (see Section
                  6.12(e))

              
	
                Schedule
                  6.12(f) – Company Benefit Plans (see Section 6.12(f))

              
	
                Schedule
                  6 - Company’s Property Encumbrances (see Section 6.15)

              
	
                Schedule
                  7 - Tangible and intangible assets and properties (including business
                  software) of the Company (see Section 6.15)

              
	
                Schedule
                  6.17 – Insurance policies (see Section 6.17)

              
	
                Schedule
                  6.18 – No other subsidiaries (see Section 6.18)

              
	
                Schedule
                  7.2 – Capitalization of Parent (see Section 7.2)

              
	
                Schedule
                  7.8 – No undisclosed liabilities of Parent (see Section
                  7.8)

              
	
                Schedule
                  7.9 – Absence of Certain Changes in Parent (see Section
                  7.9)

              
	
                Schedule
                  7.15 – Encumbracnes on Parent propeties (see Section
                  7.15)

              
	
                Schedule
                  8.3(h) – Company insurance to be maintained (see Section
                  8.3(h))

              
	
                Schedule
                  8.3(i) – Exclusivity (see Section 8.3(i))

              
	
                Schedule
                  8.3(j) – Termination of Company Benefit Plans (see Section
                  8.3(j))

              
	
                Sellers’
                  Disclosure Schedules

              

      

    

     

    
      
        	
                Exhibit
                  A - List of Company Shares owned by each Seller (Section
                  2.12)

              
	
                Exhibit
                  B - Existing Contracts between Company and Parent (Section
                  4)

              
	
                Exhibit
                  C - Investor Representation Letter (Section 8.6 and
                  10.5(e))

              
	
                Exhibit
                  D - Release (Section 10.5(g)

              
	
                Exhibit
                  E - Form of Key Employee Employment Agreement

              
	
                Exhibit
                  F - At-Cost Contracts with detailed costs and billings attached
                  (Section 13(d))

              

      

    

     

     

     

     

    
      
        
        

      

      
        iii

        
          

        

      

      
        
        

      

    

    

    

    STOCK
      PURCHASE AND SALE AGREEMENT

    

    

    This
      STOCK PURCHASE AND SALE AGREEMENT, dated as of August 24, 2007 is made and
      entered into by and between RED MILE ENTERTAINMENT, INC., a Delaware corporation
      (“Parent”), RED MILE ENTERTAINMENT PTY LTD,
      a  corporation formed under the laws of Australia
      (“Buyer”), IR GURUS PTY LTD, a corporation formed under
      the laws of Australia (the “Company”), and NATHAN ERIC
      MURPHY, MICHAEL THOMAS FEGAN, ANDREW GEOFFREY NIERE, CRAIG PHILIP LAUGHTON,
      BEN
      BYRON PALMER, IAN GEORGE CUNLIFFE and VOTRAINT NO. 651 PTY LTD
      (“Votraint”), stockholders of the Company (each a
“Seller” and collectively, the
“Sellers”).

    

    

    

    RECITALS

    

    
      	
              A.

            	
              The
                Company has a total of 117 issued and outstanding shares of common
                stock,
                being the Company’s only issued and outstanding securities, of which the
                Sellers are the sole record and sole beneficial owners of 96 of such
                shares of common stock (the “Shares”) of the Company and
                of which the Parent is the sole record and sole beneficial owner
                of
                remaining 21 of such shares of common stock of the
                Company.

            

    

    

    
      	
              B.

            	
              Company
                is the sole record and sole beneficial owner of all of the issued
                shares
                of the following two subsidiaries: (i) Interactive Entertainment
                (AUST)
                PTY LTD and (ii) IR Gurus Interactive Pty Ltd.  For purposes of
                this Agreement, the term “the Company” shall be deemed to include the
                Company and all of its
                subsidiaries.

            

    

    

    
      	
              C.

            	
              Sellers
                propose to sell and transfer the Shares to Buyer, and Buyer proposes
                to
                purchase the Shares from Sellers, upon the terms and subject to the
                conditions set forth in this
                Agreement.

            

    

    

    
      	
              D.

            	
              Parent
                and the Company wish to confirm certain financial arrangements between
                themselves.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    AGREEMENT

    

    NOW,
      THEREFORE, in consideration of the mutual premises contained herein and
      for other good and valuable consideration, the receipt and sufficiency of which
      are hereby acknowledged, the parties hereto intending to be legally bound do
      hereby agree as follows:

    

    
      	
              1.  

            	
              DEFINITIONS

            

    

    

    
      	 	
              Definitions.

            

    

    

    

    The
      following terms, as used in this Agreement, have the following
      meanings:

    

    “Adjusted
      Minimum Working Capital” shall have the meaning set forth in Section
      3.1 of this Agreement.

     

    “Affiliate”
      of a specified person or entity means any person or entity who directly, or
      indirectly through one or more intermediaries, controls, is controlled by,
      or is
      under common control with, such specified person or entity.

     

    “Balance
      Sheet Date” shall refer to the unaudited balance sheet of the Company
      at June 30, 2007.

     

    “Business
      Day” means any day that is not a Saturday, Sunday or public holiday in
      the State of California, United States of America.

     

    “Capital
      Raising Transaction” has the meaning set forth in Section 2.3 of this
      Agreement.

     

    “ClosingDate”
      means the date on which Stage 1 of the Contemplated Transaction actually takes
      place.

     

    “Closure”
      means the date on which the Contemplated Transactions have been
      completed.

    

    “Consent”
      means any approval, consent, ratification, waiver or other
      authorization.

     

    
      	
               

            	
              “Contemplated
                Transactions” means the transactions comprised by Stage 1 of the
                Contemplated Transaction, Stage 2 of the Contemplated Transaction
                and
                Stage 3 of the Contemplated
                Transaction.

            

    

    

    “Contract”
      means any contract, agreement, commitment, understanding, lease, license,
      franchise, warranty, guarantee, mortgage, note, bond or other instrument or
      consensual obligation (whether written or oral and whether express or implied)
      that is legally binding.

     

    “Database”
      means all files and documents, including methodology documents and project
      deliverables stored on the Company file server.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    “Default”
      means (a) a breach, default or violation, (b) the occurrence of an event or
      existence of a condition that with or without the passage of time or the giving
      of notice, or both, would constitute a breach, default or violation, or (c)
      with
      respect to any Contract, the occurrence of an event or existence of a condition
      that with or without the passage of time or the giving of notice, or both,
      would
      give rise to a breach or right of termination, renegotiation or acceleration
      or
      a right to receive Damages or a payment of penalties.

     

    “First
      Cash Payment” has the meaning set forth in Section 2.3 of this
      Agreement.

     

     “Governmental
      Authorization” means any Consent, license, permit or registration
      issued, granted, given or otherwise made available by or under the authority
      of
      any Governmental Body or pursuant to any Law.

     

    “Governmental
      Body” means any (a) nation, region, state, county, prefecture, city,
      town, village, district or other jurisdiction; (b) national, local, municipal,
      foreign or other government; (c) governmental or quasi-governmental authority
      of
      any nature (including any governmental agency, branch, department or other
      entity and any court or other tribunal); (d) multinational organization; (e)
      body exercising, or entitled to exercise, any administrative, executive,
      judicial, legislative, policy, regulatory or taxing authority or governmental
      power of any nature; or (f) official of any of the foregoing.

     

    “Governing
      Document” means any charter, articles, bylaws, certificate, statement,
      statutes or similar document adopted, filed or registered in connection with
      the
      creation, formation or organization of an entity, and any Contract among all
      shareholders, partners or members of an entity.

     

    “Intellectual
      Property Rights” means all patents, utility models, trademarks, service
      marks, trade dress, logos, trade names, copyrights (and all registrations,
      applications and associated goodwill for each of the foregoing), trade secrets,
      know-how, Databases, and all other intellectual property rights (in whatever
      form or medium).

     

    “Knowledge”
      means, with respect to each Seller, the best knowledge and belief possessed
      by,
      or reasonably expected to be possessed by, such Seller after due and reasonable
      inquiry and investigation, and in the case when a Seller is also an officer,
      director and/or employee of the Company, then the Knowledge of such Seller
      shall
      also include the best knowledge and belief possessed by, or reasonably expected
      to be possessed by the Company, and/or its officers, directors and/or employees,
      after due and reasonable inquiry and investigation.

     

    “Law”
      means any constitution, law, statute, treaty, rule, regulation, ordinance,
      binding case law or principle of common law, notice, approval or Order of any
      Governmental Body, and any Contract with any Governmental Body relating to
      compliance with any of the foregoing.

     

    “Liabilities”
      includes liabilities or obligations of any nature, whether known or unknown,
      whether absolute, accrued, contingent, choate, inchoate or otherwise, whether
      due or to become due, and whether or not required to be reflected or disclosed
      on an audited or un-audited balance sheet and/or the notes thereto prepared
      in
      accordance with US GAAP.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Material
      Adverse Effect” means any change in, or effect on, the Company or the
      Shares that is materially adverse to the operations, senior management,
      business, financial condition, results of operations, assets or Shares of the
      Company and/or that would reasonably be expected to lead to the incurrence
      by
      the Company of Damages and/or Liabilities or be materially adverse to the
      Shares.

     

    “Order”
      means any order, injunction, judgment, decree, ruling, assessment or arbitration
      award of any Governmental Body or arbitrator.

     

    “Parent
      Common Stock” means unregistered, privately issued shares of common
      stock of Parent.

     

    “Proceeding”
      means any action, arbitration, audit, examination, investigation, hearing,
      litigation, mediation or suit (whether civil, criminal, administrative, judicial
      or investigative, whether formal or informal, and whether public or private)
      commenced, brought, conducted, or heard by or before, or otherwise involving,
      any Governmental Body or arbitrator.

     

    “Representative”
      means, with respect to a particular person, any director, officer, employee,
      agent, consultant, advisor, legal counsel, accountant or other representative
      of
      that person.

     

    “SEC”
      means the United States Securities and Exchange Commission.

     

    “Second
      Cash Payment” has the meaning set forth in Section 2.4 of this
      Agreement.

     

    “Sellers’
      Disclosure Schedules” means Schedule 3 attached to and incorporated
      into this Agreement.

     

    “Stage
      1 of Contemplated Transaction” means the transactions
      described in Section 2.3 of this Agreement.

     

    “Stage
      2 of Contemplated Transaction” means the transactions
      described in Section 2.4 of this Agreement.

     

    “Stage
      3 of Contemplated Transaction” means the transactions
      described in Section 2.5 of this Agreement.

     

    “Stock
      Payment” has the meaning set forth in Section 2.3 of this
      Agreement.

     

    “Tax” means
      any national, State, municipal or foreign income, license, payroll, employment,
      occupation, premium, windfall profits, environmental, customs duties, capital
      stock, franchise, profits, withholding, social insurance (or similar),
      unemployment, disability, real property, personal property, sales, use,
      transfer, registration, value added, consumption,  alternative or
      add-on minimum, estimated or other tax of any kind whatsoever, including any
      interest, penalty or addition thereto.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Tax
      Return” means any return, declaration,
      report or statement required to be filed in respect of Taxes, including any
      schedule or attachment thereto, and including any amendment
      thereof.

     

    “Third
      Cash Payment” has the meaning set forth in Section 2.5 of this
      Agreement.

     

    “USGAAP”
      means United States generally accepted accounting principles, consistently
      applied throughout the specified period and in the immediately prior comparable
      period.

     

    “$”
      means United States Dollars.  All monetary amounts stated in this
      Agreement mean United States Dollars.

     

    

    
      	 	
              Other
                Defined Terms.

            

    

    

    

    For
      purposes of this Agreement, the following capitalized terms have the meanings
      given to them respectively below:

    

    
      	
              Term

            	
              Reference

            
	
              Buyer

            	
              Preamble

            
	
              Company

            	
              Preamble

            
	
              Company
                Intellectual Property

            	
              Section
                6.11(b)

            
	
              Confidential
                Information

            	
              Section
                10.4

            
	
              Damages

            	
              Section
                11.2

            
	
              Encumbrances

            	
              Section
                6.2

            
	
              Financial
                Statements

            	
              Section
                6.7

            
	
              Indemnified
                Party

            	
              Section
                11.3

            
	
              Indemnifying
                Party

            	
              Section
                11.3

            
	
              Indemnification
                Claim Notice

            	
              Section
                11.3

            
	
              Key
                Employees and Consultants

            	
              Section
                10.5(k)

            
	
              Material
                Contracts

            	
              Section
                6.10

            
	
              Parent

            	
              Preamble

            
	
              Purchase
                Price

            	
              Section
                2.1

            
	
              Monthly
                Pro-Forma Cash Flow Statement

            	
              Section
                6.7

            
	
              Sellers

            	
              Preamble

            
	
              Shares

            	
              Recital
                A

            

    

    

    
      	 	
              Construction.

            

    

    

    
      	
              (a)  

            	
              Any
                reference in this Agreement to a “Clause,” “Section” or “Schedule” refers
                to the corresponding Clause, Section or Schedule of or to this Agreement,
                unless the context indicates
                otherwise.

            

    

     

    
      	
              (b)  

            	
              The
                headings of Clauses and Sections are provided for convenience only
                and do
                not affect the construction or interpretation of this
                Agreement.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (c)  

            	
              All
                words used in this Agreement shall be construed to be of such gender
                or
                number as the circumstances
                require.

            

    

     

    
      	
              (d)  

            	
              The
                terms “include” and “including” indicate examples of a foregoing general
                statement and not a limitation on that general
                statement.

            

    

     

    
      	
              (e)  

            	
              Any
                reference to a statute refers to the statute, any amendments or successor
                legislation, and all regulations promulgated under or implementing
                the
                statute, as in effect at the relevant
                time.

            

    

     

    
      	
              (f)  

            	
              Any
                reference to a Contract or other document as of a given date means
                the
                Contract or other document as amended, supplemented and modified
                from time
                to time up to and including such
                date.

            

    

     

    

    
      	
              2.  

            	
              PURCHASE
                AND SALE

            

    

    

    
      	 	
              Purchase
                and Sale; Purchase Price.

            

    

    

    Subject
      to all other terms and conditions of this Agreement, Sellers agree to sell
      and
      to transfer the Shares to Buyer, and Buyer agrees to purchase the Shares from
      Sellers for the aggregate total purchase price for the Shares (“Purchase
      Price”) will be $5.5 million.

    

    
      	 	
              [INTENTIONALLY
                OMITTED]

            

    

    

    
      	 	
              Stage
                1 of the Contemplated
                Transaction.

            

    

    

    (a)  Unless
      the parties
      agree otherwise in writing, Stage 1 of the Contemplated Transaction will be
      consummated and completed at the Parent’s head office as set forth in Section
      12.4 of this Agreement at 10:00 A.M., local time, on or before December 30,
      2007
      (with Parent to give the Company and the Sellers written notice of the actual
      closing date at least ten (10) days in advance) by the delivery and satisfaction
      by the Sellers and the Company of all items required to be delivered and
      satisfied by the Sellers and the Company, including but not limited to the
      transfer to the Buyer of all the Shares from all the Sellers, free and clear
      of
      any encumbrances, impairments or Liabilities of any kind whatsoever as provided
      in Section 2.3(b) below, after which the Parent and Buyer shall cause the
      following to occur: (i) a cash payment to the Sellers in the aggregate amount
      of
      $1,375,000 (“the First Cash Payment”) and the issuance to the
      Sellers of unregistered shares of Parent Common Stock with a value of
      $1,412,500, free and clear of any encumbrances, impairments or Liabilities
      of
      any kind whatsoever (“the Stock Payment”); provided, however,
      that notwithstanding anything contained in this Agreement to the contrary,
      Stage
      1 of the Contemplated Transaction shall be subject to the prior satisfaction
      of
      the condition precedents of (i) no uncured breach of this Agreement by the
      Sellers or the Company for which any of the Sellers or the Company have been
      issued a notice by the Buyer, the Parent or any third-party, (ii) all material
      terms and conditions of this Agreement to be satisfied by the Company and/or
      the
      Sellers having been satisfied, (iii) the Parent Common Stock having been
      registered under the U.S. Securities and Exchange Act of 1934, qualified for
      listing or quotation on a nationally recognized stock exchange or over the
      counter market in the United States of America, and the commencement of the
      trading and quotation thereof on such stock exchange or over the counter market,
      and (iv) the completion on or before December 30, 2007 of the capital raising
      transaction by the Parent with net proceeds in an amount equal to at least
      Fifteen Million United States Dollars ($15,000,000.00)  (the
“Capital Raising Transaction.”), with the Parent having the
      right to waive any or all of the foregoing conditions precedent as described
      in
      clause (i), (ii) or (iv) above. 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

                    
      (b)  At Stage 1 of the Contemplated Transaction, the Parent and Buyer
      shall first cause the First Cash Payment and the Stock Payment to be delivered
      to and held in an interest bearing escrow account by Davies Collison Cave
      Solicitors , for the benefit of the Sellers, with such First Cash Payment and
      the Stock Payment to be released by Davies Collison Cave Solicitors to the
      Sellers upon the Sellers delivering evidence to Davies Collison Cave Solicitors
      that the Sellers have caused all the Shares, together with the additional 21
      shares of common stock of the Company owned by the Parent, to be delivered
      to
      and registered in the name of Buyer under Australian law, including but not
      limited to being registered with the Australian Securities and Investment
      Commission, free and clear of any encumbrances, impairments or Liabilities
      of
      any kind whatsoever.

    

    
      	 	
              Stage
                2 of the Contemplated
                Transaction.

            

    

    

    (a)  Unless
      the parties agree
      otherwise in writing, Stage 2 of the Contemplated Transaction will commence
      at
      the same time as Stage 1 of the Contemplated Transaction, 2007, subject to
      the
      prior closing of the Capital Raising Transaction and the simultaneous occurrence
      of Stage 1 of the Contemplated Transaction, with Stage 2 of the Contemplated
      Transaction consisting of the cash payment to the Sellers of an aggregate amount
      of $1,412,500 (“the Second Cash Payment”), payable on a pro
      rata basis to each Seller until the full amount of the Second Cash Payment
      has
      been made to the Sellers; provided, however, that notwithstanding anything
      contained in this Agreement to the contrary, Stage 2 of the Contemplated
      Transaction shall be subject to the prior satisfaction of the condition
      precedents of (i) no uncured breach of this Agreement by the Sellers or the
      Company for which any of the Sellers or the Company have been issued a notice
      by
      the Buyer, the Parent or any third-party, and (ii) all material terms and
      conditions of this Agreement to be satisfied by the Company and/or the Sellers
      having been satisfied.  At the same time as the delivery the Buyer and
      Parent of the First Cash Payment and the Stock Payment into escrow with Rodney
      De Boos, Esquire, the Parent and Buyer shall also cause the Second Cash Payment
      to be delivered to and held in an interest bearing escrow account by Rodney
      De
      Boos, Esquire, for the benefit of the Sellers, with such Second Cash Payment
      to
      be released by Rodney De Boos, Esquire to the Sellers at the same time as the
      release of the payments in Stage 1 of the Contemplated transaction.

    

    (b)  The
      amount of the
      payments to be made to the Sellers in Stage 2 of the Contemplated Transaction
      shall be reduced by an amount equal to one dollar for each dollar that Buyer
      or
      Parent loans to the Company due to the actual cash needs of the Company for
      its
      normal and customary business operations, together with an annualized interest
      at the rate of 8.5 percent (8.5%) (adjusted for any amounts as is required
      to be
      in compliance with any taxing authorities in the United States or Australia),
      between the date of this Agreement and the completion of Stage 2 of the
      Contemplated Transaction; provided, however, that in the event the Company
      repays all 

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    such
      loans to the Parent or Buyer prior to the due date for the first payment
      pursuant to Stage 2 of the Contemplated Transaction and the Company does not
      need to reborrow funds from Parent or Buyer for one hundred twenty (120) days
      after the completion of the payments pursuant to Stage 2 of the Contemplated
      Transaction, then the temporary existence of such interim loan(s) between the
      date of this Agreement and the completion of Stage 2 of the Contemplated
      Transaction, which are repaid and not reborrowed as described above, will not
      be
      used to reduce the amount to be paid pursuant to Stage 2 of the Contemplated
      Transaction.  In the event the payments to be made to Sellers in Stage
      2 of the Contemplated Transaction are reduced by the amount of loans from the
      Buyer or Parent to the Company under this Section 2.4(b), then in the event
      the
      Company’s need for such loans were due to a breach of this Agreement by the
      Sellers, then the Parent and Buyer shall not also pursue the Sellers for such
      breach unless the damages to be incurred by Parent and/or Buyer as a result
      of
      such breach by the Sellers exceeds the amount of such loans from the Buyer
      or
      Parent to the Company, in which case the liability of the Sellers shall be
      for
      the amount in excess of such reduction of the payments to be made to Sellers
      in
      Stage 2 of the Contemplated Transaction.  Parent shall not
      intentionally breach any development contracts that Parent has with the Company
      in order to cause an artificial need by the Company for a loan from the Parent,
      nor shall Parent or Buyer make unnecessary loans to the Company nor shall Parent
      or Buyer manipulate the financial situation of the Company in order to cause
      an
      artificial loan requirement, so that Parent can reduce the amount of the
      payments to be made to the Sellers in Stage 2 of the Contemplated
      Transaction.  The Company shall operate in the ordinary course of
      business and not delay making any payments in a timely manner nor delay in
      entering into contracts which would result in expenditures, in any case which
      would have the effect of delaying the need of the Company for cash
      loans.  The amount of the payments made or to be made to the Sellers
      in Stage 2 of the Contemplated Transaction shall be further reduced by an amount
      equal to twenty-five percent (25%) of the Purchase Price in the event only
      sixty-five percent (65%) or less of the current employees of the Company as
      of
      the date of this Agreement as listed in Schedule 6.12(f) hereto are still
      employed by the Company on April 1, 2008 (the “Employee Retention
      Deduction”).  Parent and Buyer shall not manipulate the
      Company and its employees to cause an artificial need to terminate employees
      so
      that Parent can reduce the amount of the payments to be made to the Sellers
      in
      Stage 2 of the Contemplated Transaction due to the Employee Retention
      Deduction.

    

    
      	 	
              Stage
                3 of the Contemplated
                Transaction.

            

    

    

    (a)  Unless
      the parties agree
      otherwise in writing, Stage 3 of the Contemplated Transaction will be
      consummated and completed on the date which is thirty (30) days after the
      satisfaction of the last to occur of each of the following: (i) no uncured
      breach of this Agreement by the Sellers or the Company for which any of the
      Sellers or the Company have been issued a notice by the Buyer, the Parent or
      any
      third-party, (ii) all material terms and conditions of this Agreement to be
      satisfied by the Company and/or the Sellers having been satisfied, (iii) the
      prior consummation and completion of each of Stage 1 of the Contemplated
      Transaction and Stage 2 of the Contemplated Transaction, and 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    (iv)
      the
      Company meeting certain net profit requirements from third-party work which
      result in the Company receiving excess net profit from such third-party work
      in
      the amount of at least $1,300,000, all as described in greater detail in Section
      3 of this Agreement, and the Company thereafter making the loan of $1,300,000
      to
      the Buyer or Parent from the Company as described in greater detail in Section
      3.1 of this Agreement, which loan from the Company to the Buyer or Parent must
      occur on or before the deadline date set forth in Schedule 3.1 of this Agreement
      and which loan shall be used by the Buyer or Parent to make a cash payment
      to
      the Sellers of such excess net profit from such third-party work up to
      $1,300,000 as provided in Section 3 of this Agreement (“the Third Cash
      Payment”).  In the event the Company does not receive a
      sufficient amount of excess net profit from such third-party work as provided
      in
      Schedule 3.1 in the amount of at least $1,300,000 on or before the deadline
      date
      set forth in Schedule 3.1, then the Parent shall issue to the Sellers
      unregistered shares of Parent Common Stock, free and clear of any encumbrances,
      impairments or Liabilities of any kind whatsoever, with the value of such shares
      of Parent Common Stock being equal to the difference between the amount of
      the
      Third Cash Payment and the lesser amount of actual excess net profit received
      by
      the Company from such third-party work on or before the deadline date of
      December 31, 2008 as set forth in Schedule 3.1.

    

    (b)           The
      amount of the payments to be made by Buyer to the Sellers in Stage 3 of the
      Contemplated Transaction shall be reduced by an amount equal to one dollar
      for
      each dollar that Buyer or Parent loans to the Company due to the actual cash
      needs of the Company for its normal and customary business operations, together
      with an annualized interest at the rate of 8.5 percent (8.5%) (adjusted for
      any
      amounts as is required to be in compliance with any taxing authorities in the
      United States or Australia), between Stage 1 of the Contemplated Transaction
      and
      Stage 3 of the Contemplated Transaction, except to the extent, if any, that
      such
      loan amount has already reduced the payments to be made in Stage 2 of the
      Contemplated Transaction; provided, however, that in the event the Company
      repays all such loans to the Parent or Buyer prior to the due date for the
      payment to be made pursuant to Stage 3 of the Contemplated Transaction and
      the
      Company does not need to reborrow funds from Parent or Buyer for one hundred
      twenty (120) days after the completion of the payments pursuant to Stage 3
      of
      the Contemplated Transaction, then the temporary existence of such interim
      loan(s) between Stage 1 of the Contemplated Transaction and the completion
      of
      Stage 3 of the Contemplated Transaction, which are repaid and not reborrowed
      as
      described above, will not be used to reduce the amount to be paid pursuant
      to
      Stage 3 of the Contemplated Transaction.  In the event the payments to
      be made to Sellers in Stage 3 of the Contemplated Transaction are reduced by
      the
      amount of loans from the Buyer or Parent to the Company under this Section
      2.5(b), then in the event the Company’s need for such loans were due to a breach
      of this Agreement by the Sellers, then the Parent and Buyer shall not also
      pursue the Sellers for such breach unless the damages to be incurred by Parent
      and/or Buyer as a result of such breach by the Sellers exceeds the amount of
      such loans from the Buyer or Parent to the Company, in which case the liability
      of the Sellers shall be for the amount in excess of such reduction of the
      payments to be made to Sellers in Stage 3 of the Contemplated
      Transaction.  Parent shall not intentionally breach any development
      contracts that Parent has with the Company in order to cause an artificial
      need
      by the Company for a loan from the Parent, nor shall Parent or Buyer make
      unnecessary loans to the Company nor shall Parent or Buyer manipulate the
      financial situation of the Company in order to cause an artificial loan
      requirement, so that Parent can reduce the amount of the payments to be made
      to
      the Sellers in Stage 3 of the Contemplated Transaction.  

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    The
      Company shall operate in the ordinary course of business and not delay making
      any payments in a timely manner nor delay in entering into contracts which
      would
      result in expenditures, in any case which would have the effect of delaying
      the
      need of the Company for cash loans.  The amount of the payments to be
      made to the Sellers in Stage 3 of the Contemplated Transaction shall be further
      reduced by an amount equal to the amount of reduction applicable under the
      Employee Retention Deduction, with the Sellers agreeing to repay to the Parent,
      within thirty (30) days after Parent delivers a notice to the Sellers, any
      remaining amount of the Employee Retention Deduction that is not satisfied
      by
      such reduction of the payments to be made to the Sellers in Stage 3 of the
      Contemplated Transaction.  In the event the payments under Stage 3 of
      the Contemplated Transaction will be released to the Sellers prior to such
      Employee Retention Reduction, if any, being known, the Sellers agree to repay
      to
      the Parent the amount of the Employee Retention Deduction within thirty (30)
      days after Parent delivers a notice to the Sellers regarding the amount of
      the
      Employee Retention Deduction.  Parent and Buyer shall not manipulate
      the Company and its employees to cause an artificial need to terminate employees
      so that Parent can reduce the amount of the payments to be made to the Sellers
      in Stage 3 of the Contemplated Transaction due to the Employee Retention
      Deduction.

    

    
      	 	
              Option
                to convert Second Cash Payment and/or Third Cash Payment to
                Stock

            

    

    

    
      	
               

            	
              (a)

            	
              At
                any time prior to the Second Cash Payment having been made in full,
                each
                Seller shall have the right to notify Buyer and Parent in writing
                that it
                elects to receive the remaining portion of the Second Cash Payment
                by a
                further issuance of unregistered shares of Parent Common Stock in
                lieu of
                the remaining portion of such Second Cash Payment. Upon receiving
                such
                written notice, Parent shall no later than the following Business
                Day
                cause to be issued unregistered shares of Parent Common Stock to
                such
                Seller, of a value equal to the remaining portion of the Second Cash
                Payment.

            

    

    

    
      	
               

            	
              (b)

            	
              In
                the event the Company makes the full amount of the loan to the Buyer
                in a
                timely manner as required under Section 3 of this Agreement and the
                Third
                Cash Payment is thereafter required to be made to the Sellers, then
                at any
                time prior to the Third Cash Payment having been made in full, each
                Seller
                shall have the right to notify Buyer and Parent in writing that it
                elects
                to receive the remaining portion of the Third Cash Payment by a further
                issuance of unregistered shares of Parent Common Stock in lieu of
                the
                remaining portion of such Third Cash Payment.  Upon receiving
                such written notice, Parent shall no later than the following Business
                Day
                cause to be issued unregistered shares of Parent Common Stock to
                such
                Seller, of a value equal to the remaining portion of the Third Cash
                Payment.

            

    

    

    
      	
               

            	
              (c)

            	
              The
                issuance of Parent Common Stock pursuant to this Section 2.6 shall
                be in
                full satisfaction of the converted portion of the Purchase Price
                relating
                to the Sellers that elected to receive such shares of Parent Common
                Stock
                in lieu of such converted portion of the Purchase
                Price.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	
               

            	
              (d)

            	
              Notwithstanding
                anything contained in this Agreement to the contrary, in the event
                the
                provisions of this Section 2.6 and any other portions of this Agreement
                relating to offer by the Parent to allow the Sellers to convert a
                portion
                of the Second Cash Payment and/or the Third Cash Payment into shares
                of
                Parent Common Stock is deemed by the SEC and/or its rules and regulations
                promulgated under the federal securities laws to have an affect of
                barring, delaying and/or adversely affecting the filing, processing
                and/or
                timing of effectiveness of any registration statement filed or to
                be filed
                with the SEC relating to the securities of Parent issued or to be
                issued
                in the Capital Raising Transaction, then the provisions of this Section
                2.6 and any other related portions of this Agreement shall be deemed
                to be
                null, void and as if such provisions were never part of this
                Agreement.

            

    

    

    
      	 	
              The
                proportions of cash and Parent Common
                Stock.

            

    

    

    Subject
      to the other provisions of this Agreement, the Purchase Price in cash and shares
      of Parent Common Stock which are to be paid to each of the Sellers shall be
      paid
      in the following proportions; provided, however, that notwithstanding anything
      contained in this Agreement or any exhibit hereto to the contrary, in the event
      that the provisions of Section 10.5(l) of this Agreement are not fully satisfied
      prior to the time that the First Cash Payment, Stock Payment and Second Cash
      Payment are delivered by the Parent and Buyer to Davies Collison Cave
      Solicitors as the escrow agent under this Agreement, then the Parent or
      buyer may instruct such escrow agent to deduct from such cash portions of the
      Purchase Price an amount in cash equal to the total amount needed bring about
      the full satisfaction of all provisions and conditions set out in Section
      10.5(l) of this Agreement, including but not limited to the full vesting of
      all
      Intellectual Property Rights in respect of "Heroes Of The Pacific" in the
      Company as set out in Section 10.5(l), and after the provisions of Section
      10.5(l) have been fully satisfied, then the escrow agent shall pay to the
      Sellers their proportionate share of the amount of the First Cash Payment,
      Stock
      Payment and Second Cash Payment remaining after the deduction made by the escrow
      agent pursuant to this Section 2.7:  

     

    
      
        	
                Name

              	 	
                First
                  cash

                Payment

                $

              	 	 	
                Stock

                Payment

                $

              	 	 	
                Second
                  cash

                Payment

                $

              	 	 	
                Third
                  cash

                Payment

                $

              	 	 	
                Total

                $

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Nathan
                  Murphy

              	 	 	
                251,475

              	 	 	 	
                197,050

              	 	 	 	
                251,475

              	 	 	 	
                216,666.67

              	 	 	 	
                916,666.67

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Michael
                  Fegan

              	 	 	
                184,550

              	 	 	 	
                312,150

              	 	 	 	
                203,300

              	 	 	 	
                216,666.67

              	 	 	 	
                916,667.67

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Andrew
                  Niere

              	 	 	
                251,475

              	 	 	 	
                197,050

              	 	 	 	
                251,475

              	 	 	 	
                216,666.67

              	 	 	 	
                916,667.67

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Craig
                  Laughton

              	 	 	
                251,475

              	 	 	 	
                197,050

              	 	 	 	
                251,475

              	 	 	 	
                216,666.67

              	 	 	 	
                916,667.67

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Ben
                  Palmer

              	 	 	
                184,550

              	 	 	 	
                312,150

              	 	 	 	
                203,300

              	 	 	 	
                216,666.67

              	 	 	 	
                916,666.67

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Ian
                  Cunliffe

              	 	 	
                125,737.50

              	 	 	 	
                98,525

              	 	 	 	
                125,737.50

              	 	 	 	
                108,333.33

              	 	 	 	
                458,333.33

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Votraint

              	 	 	
                125,737.50

              	 	 	 	
                98,525

              	 	 	 	
                125,737.50

              	 	 	 	
                108,333.33

              	 	 	 	
                458,333.33

              	 
	
                Total

              	 	$	
                1,375,000

              	 	 	$	
                1,412,500

              	 	 	$	
                1,412,500

              	 	 	$	
                1,300,000

              	 	 	$	
                5,500,000

              	 

      

    

     

    (These
      figures assume no cash reduction in the amounts by the escrow agent as
      contemplated by this Section 2.7)

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              Value
                of Parent Common Stock.

            

    

    

    
      	
               

            	
              For
                purposes of calculating the number of shares of Parent Common Stock
                to be
                issued as part of the Purchase Price, the value of each share of
                Parent
                Common Stock to be issued to the Sellers under the terms of this
                Agreement
                (“Value per Share”) shall be deemed to be the lower of
                $3.75 per share (which gives effect to the reverse 3:1 split of the
                Parent
                Common Stock which occurred on February 8, 2007), adjusted proportionately
                for any stock splits or stock dividends (but excluding other changes
                in
                capitalization resulting from the issuance of additional shares of
                Parent
                in financing transactions) of Parent occurring prior to the date
                of
                issuance of any such shares, and the weighted average closing price
                per
                share of the Parent Common Stock in the principal market on which
                such
                shares are listed for trading, for the ten trading days immediately
                preceding the date on which such shares are issued to the Sellers;
                provided, however, that in the event the Company receives excess
                net
                profit from third-party work in an amount which is less than $1,300,000
                as
                described in Section 2.5 of this Agreement, then the value of any
                shares
                of Parent Common Stock issued or to be issued to the Sellers pursuant
                to
                Stage 3 of the Contemplated Transaction shall be equal to an amount
                which
                results in the total Purchase Price being equal to $5.5 million,
                after
                giving effect to all other consideration previously issued or issuable
                to
                the Sellers.

            

    

    

    
      	 	
              Consequence
                of failure by Buyer or Parent

            

    

    

    
      	
              (a)  

            	
              Failure
                to make Stock Payment

            

    

    

    Subject
      to all other terms and conditions of this Agreement, if Parent does not issue
      to
      the Sellers the unregistered shares of Parent Common Stock pursuant to Section
      2.3 hereof in satisfaction of the Stock Payment, the Sellers collectively shall
      have the right to elect to terminate this Agreement.  Any such
      election to terminate shall be subject to the unanimous written consent of
      all
      the Sellers and thereafter promptly communicated in writing to Buyer and
      Parent.  Until and unless such election is so communicated to Buyer
      and Parent by all the Sellers, this Agreement shall remain in full force and
      effect in all other respects and Parent shall be obliged to place itself in
      a
      position to make the Stock Payment, and shall make the Stock Payment, at the
      earliest possible time, subject to all other terms and conditions contained
      in
      this Agreement.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
 

    
      	
               

            	
              (b)

            	
              Failure
                to make First Cash Payment, the Second Cash Payment or the Third
                Cash
                Payment

            

    

    

    Subject
      to all other terms and conditions of this Agreement, if Buyer or Parent fails
      to
      make the First Cash Payment, the Second Cash Payment or the Third Cash Payment
      as required by this Agreement, the Sellers collectively shall have the right
      to
      elect to terminate this Agreement as provided in Section 13(d).  Any
      such election to terminate shall be subject to the unanimous written consent
      of
      all the Sellers and thereafter promptly communicated in writing to Buyer and
      Parent. Until and unless such election is so communicated to Buyer and Parent
      by
      all the Sellers, this Agreement shall remain in full force and effect in all
      other respects and Buyer and Parent shall be obliged to make the First Cash
      Payment, the Second Cash Payment and the Third Cash Payment at the earliest
      possible time, subject to all other terms and conditions contained in this
      Agreement.

    

    
      	
               

            	
              (c)

            	
              Termination
                by Sellers

            

    

    

    In
      the
      event of the termination of this Agreement by the Sellers pursuant to Section
      2.9(a) or (b) above, then the provisions of Section 13(d) shall
      apply.

    

    
      	 	
              Consequences
                of failure by Sellers or
                Company

            

    

    

    
      	
               

            	 	
              Subject
                to all other terms and conditions of this Agreement, if after the
                Parent
                and Buyer first cause the First Cash Payment, the Stock Payment and
                the
                Second Cash Payment to be delivered to and held in escrow by Rodney
                De
                Boos, Esquire, for the benefit of the Sellers pursuant to Section
                2.3(b),
                the Sellers do not thereafter deliver all the Shares to Buyer and
                cause
                all the Shares, together with the additional 21 shares of common
                stock of
                the Company owned by the Parent, to be registered in the name of
                the Buyer
                under Australian law, including but not limited to being registered
                with
                the Australian Securities and Investment Commission, then Buyer and
                Parent
                shall have the right to elect to terminate this Agreement and/or
                specifically enforce the terms of this Agreement against the Sellers
                in a
                court of competent jurisdiction.  Any such election to terminate
                or specifically enforce this Agreement shall be promptly communicated
                in
                writing to the Sellers.  Until and unless the Buyer or Parent
                elects to terminate this Agreement and such election is so communicated
                to
                the Sellers by the Buyer or Parent, this Agreement shall remain in
                full
                force and effect in all other respects and the Sellers shall be obliged
                to
                place themselves in a position to transfer the Shares to the Buyer
                and
                cause the Shares, together with the additional 21 shares of common
                stock
                of the Company owned by the Parent, to be registered in the name
                of the
                Buyer, subject to all other terms and conditions contained in this
                Agreement.

            

    

    

    
      	 	
              Resignations
                of Directors; Appointment of New Board of the
                Company

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    At
      the
      time of the commencement of Stage 1 of the Contemplated Transaction, Sellers
      will deliver or cause to be delivered to Buyer written notices of resignation
      of
      all directors and statutory auditors of the Company, all of whom shall have
      resigned as of that date and Buyer and Parent shall promptly thereafter cause
      to
      be elected the following persons to constitute the new Board of Directors of
      the
      Company, with each such person to serve as a director of the Company until
      the
      earlier of either their resignation or the occurrence of Stage 3 of the
      Contemplated Transaction: (i) Ben Palmer, (ii) Michael Fegan, (iii) Andrew
      Niere, and (iv) five additional persons to be appointed by the Parent and the
      Buyer.

    

    
      	 	
              No
                Assignees

            

    

    

    Each
      of
      the Sellers represents and warrants that he, she or it owns the number of Shares
      set forth in Exhibit A of this Agreement, subject to no other rights, interests
      or Encumbrances (as defined in Section 6.2) whatsoever and each of the Sellers
      agrees that upon the execution of this Agreement, they shall not sell, transfer,
      assign, pledge, encumber in any way or otherwise transmit or alienate any of
      their Shares other than to Buyer except on terms expressly agreed to in writing
      by Buyer and Parent in their sole discretion, in which case as such successor
      in
      interest to such Shares will be bound by all terms and conditions of this
      Agreement in all respects as if they stood in the shoes of the transferring
      Seller, with any such successor being required to execute any documents required
      by Buyer and/or Parent to evidence the agreement by such successor to be bound
      by the terms and conditions of this Agreement.  This term is intended
      to refer to and to bind any permitted successor, heir, executor or personal
      representative of a Seller.

    

    

    
      	
              3.  

            	
              LOAN
                FROM THE COMPANY TO BUYER

            

    

    

    
      	
              3.1

            	
              At
                any time after the completion of Stage 1 of the Contemplated Transaction
                and prior to the deadline date shown in Schedule 3.1 of this Agreement,
                in
                the event the Company completes the work and projects for third-parties
                unaffiliated with the Company or the Sellers as shown in Schedule
                3.1 of
                this Agreement in accordance with the milestone delivery dates, gross
                revenue amounts and total net profit amounts of at least $1.3 million
                as
                shown on Schedule 3.1 hereto, then the net profit amount actually
                received
                by the Company with respect to such third-party work, as confirmed
                by an
                independent third-party auditor, shall be loaned by the Company to
                the
                Buyer and/or the Parent, after which such loaned amount actually
                received
                by the Buyer and/or Parent up to a maximum amount of $1.3 million
                shall be
                used to satisfy Stage 3 of the Contemplated Transaction.  At the
                time the Company is able to make such loan to the Buyer pursuant
                to this
                Section 3, the Company shall make such loan amount to the Buyer and/or
                the
                Parent, after which the Buyer or the Parent shall thereafter utilize
                such
                loan to make the Third Cash Payment to the Sellers, with the Third
                Cash
                Payment being in an amount equal to the amount of such loan from
                the
                Company to the Buyer and/or the Parent.  If the Company does not
                have sufficient funds to satisfy the terms of this Section 3 and
                make such
                loan to Buyer and/or the Parent before the deadline time set forth
                in
                Schedule 3.1 hereto, then Buyer and Parent shall no longer be obligated
                to
                make the Third Cash Payment, but in lieu thereof the Parent shall
                issue to
                the Sellers unregistered shares of Parent Common Stock as provided
                in
                Section 2.5(a).  Notwithstanding anything contained in this
                Agreement to the contrary, the Company must pay off in full immediately
                prior to Stage 1 of the Contemplated Transaction each of the following
                pre-closing “deal costs” of the Company: all attorneys’ fees, all
                accounting fees, all other professional fees, and all other costs
                related
                to this Agreement and the Contemplated Transactions.  These
                costs exclude costs of the Parent and
                Buyer.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	
              3.2

            	
              The
                purpose of such loan shall be to enable Buyer and/or the Parent to
                pay the
                Third Cash Payment, and any amounts received by Buyer and/or the
                Parent
                from the Company pursuant to such loan shall, within five (5) business
                days after receipt of such loan monies by the Buyer and/or the Parent
                from
                the Company, be applied by Buyer and/or the Parent for that
                purpose.  Notwithstanding any lack of privity in such loan
                agreement, any Seller may enforce the terms of such loan agreement
                against
                Buyer and/or the Parent to the extent that such loan funds have been
                received by Buyer and/or the Parent and applied otherwise than in
                payment
                of the Third Cash Payment.

            

    

    

    
      	
              4.  

            	
              COMMERCIAL
                RATES FOR DEVELOPMENT

            

    

    

    
      	
               

            	
              In
                consideration of the Company’s participation in this Agreement, from
                January 1, 2007 until the Purchase Price is paid in full, Buyer,
                Parent
                and Company shall in good faith negotiate an arms-length price for
                all
                work performed by the Company.  Notwithstanding anything
                contained in this Agreement to the contrary, (i) all agreements between
                the Company and Parent prior to the date of this Agreement, including
                but
                not limited to those agreements listed on Exhibit B hereto, shall
                remain
                in place and be unaffected in any way whatsoever by this Agreement
                and/or
                its existence or non-existence, except in the case of the uncured
                breach
                of this Agreement by the Sellers, and (ii) the Company shall pay
                to the
                Parent a management fee equal to the difference between (A) the amount
                to
                be paid by the Buyer and/or Parent to the Company under each arms-length
                price contract minus (B) the actual cost of the Company to perform
                each
                such contract on an at-cost basis.

            

    

    

    
      	
              5.  

            	
              DISCLAIMER
                OF PREVIOUS REPRESENTATIONS
                ETC.

            

    

    

    This
      Agreement replaces all former agreements, discussions and representations,
      if
      any, concerning the sale or possible sale of the Shares by the parties to one
      another, and each party releases the other in respect thereof.

    

    

    
      	
              6.  

            	
              REPRESENTATIONS
                AND WARRANTIES OF SELLERS

            

    

    

    Each
      Seller represents and warrants to Buyer and Parent that, except as set forth
      in
      Sellers’ Disclosure Schedules (as defined below) or in any other provision of
      this Agreement, to the Knowledge of each such Seller the statements in this
      Section 6are all true and correct as of the date of this Agreement and as
      of the closing of Stage 1 of the Contemplated Transaction, except as otherwise
      set forth in the Sellers’ Disclosure Schedules.  The Buyer and Parent
      shall have twelve (12) months from the date of the completion of Stage 1 of
      the
      Contemplated Transaction to claim any breach of the representations and/or
      warranties of the Sellers.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    At
      least
      fifteen (15) Business Days prior to the date of this Agreement, each Seller
      shall deliver to Buyer and Parent a written disclosure schedule (collectively,
      the “Sellers’ Disclosure Schedules”), signed by each of the Sellers, in which
      the Sellers shall set forth in detail all exceptions to any and all provisions
      of this Agreement, with such Sellers’ Disclosure Schedules to be updated by the
      Sellers and delivered to Buyer and Parent as of the date of Stage 1 of the
      Contemplated Transaction.  Buyer and Parent shall not be obligated to
      perform any of its or their obligations under this Agreement in the event Buyer
      and Parent have not received an updated, true and correct Sellers’ Disclosure
      Schedules as of each of the preceding dates contained in the immediately
      preceding sentence.

    

    In
      the
      event any such Sellers’ Disclosure Schedules contains information which Buyer
      and Parent deem has or will have a Materially Adverse Effect on the Sellers,
      the
      Company, its subsidiaries, their business, and/or the Shares, then Buyer and/or
      Parent shall issue to the last known address of each Seller a written notice
      (the “Buyer/Parent Notice”) of such determination by Buyer and
      Parent.  The Sellers shall have ten (10) Business Days after the
      issuance of any such Buyer/Parent Notice to mutually resolve such matter between
      the Sellers, Buyer and Parent or otherwise for the parties to mutually execute
      all necessary amendments to this Agreement and any other necessary documents
      to
      reflect the mutual agreement of the Sellers, Parent and Buyer to a mutually
      acceptable decrease to the Purchase Price.

    

    In
      the
      event the Sellers, Parent and Buyer have not mutually agreed upon an appropriate
      decrease to the Purchase Price within such ten (10) Business Days from the
      date
      of any such Buyer/Parent Notice, then if such Buyer/Parent Notice is issued
      prior to the closing under Stage 1 of the Contemplated Transaction, then the
      parties shall either mutually agree to terminate this Agreement or resolve
      their
      dispute in accordance with Section 12.10 of this Agreement.  In the
      event such Buyer/Parent Notice is issued after the closing under Stage 1 of
      the
      Contemplated Transaction, then Rodney De Boos, Esq. shall continue to hold
      in
      escrow the portion of the Purchase Price equal to the damages claimed as being
      or to be suffered by the Parent and/or Buyer in such matter, after which the
      parties shall use their good faith efforts to attempt to resolve any dispute
      pursuant to Section 12.10 of this Agreement. 

    

     

    
      	 	
              Organization.

            

    

    

    Company
      is the sole record and beneficial owner of all of the issued shares of the
      following two subsidiaries, being the only subsidiaries of the Company: (i)
      Interactive Entertainment (AUST) Pty Ltd. and (ii) IR Gurus Interactive Pty
      Ltd.  Sellers, the Company and each of the Company’s subsidiaries are
      each duly organized, validly existing and, where applicable, in good standing
      under the Laws of the jurisdiction of its organization.  

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    Each
      of
      Sellers, the Company and each of the Company’s subsidiaries each also have all
      requisite power and authority to own its assets and carry on business as
      presently conducted by it.  The Company and each of its subsidiaries
      have delivered to Buyer and Parent true, correct and complete copies of all
      Governing Documents of each of the Company and such subsidiaries, each as
      amended up through the date of delivery thereof to Buyer and Parent, with no
      other changes thereto being made from and after the delivery thereof to Buyer
      and Parent.  Sellers, the Company and each of the Company’s
      subsidiaries represents and warrant that the Company and its subsidiaries are
      not in violation of any provision of any of their respective Governing
      Documents, nor any other operational or business agreements to which the Company
      or its subsidiaries are a party, nor any agreements to which any Seller is
      a
      party which has or could have an adverse affect on the Shares.

    

    
      	 	
              Capitalization.

            

    

    

    The
      Company has a total of 117 issued and outstanding shares of common stock, being
      the only class of securities issued by the Company, of which the Sellers are
      the
      sole record and sole beneficial owners of 96 of such shares and of which the
      Parent is the sole record and sole beneficial owner of the remaining 21 of
      such
      shares.  All such issued and outstanding shares of the Company and
      each of its subsidiaries have been duly authorized and validly issued and are
      fully paid and non-assessable, free and clear of all liens, charges, security
      interests, pledges, assessments, defects of title, options, encumbrances and
      other restrictions and/or third party rights of any kind (collectively,
“Encumbrances”).

    

    
      	 	
              Ownership.

            

    

    

    Sellers
      are the current sole record and sole beneficial owner of all 96 of the Shares,
      free and clear of any Encumbrance, and will transfer and deliver to Buyer at
      Stage 1 of the Contemplated Transaction valid title to all the Shares free
      and
      clear of any and all Encumbrances whatsoever.  Sellers represent and
      warrant that, except for the 117 issued and outstanding shares of common stock
      of the Company, being the only class of securities issued by the Company, no
      other types of stock, securities or other obligations of the Company exist,
      including without limitation, any convertible bond and/or preferred
      shares.  Sellers further confirm that Parent is the sole record owner
      of the remaining 21 issued and outstanding shares of common stock of the
      Company.

    

    
      	 	
              Authority.

            

    

    

    Sellers
      and the Company have all necessary corporate power and authority and have taken
      all actions necessary to enter into this Agreement and to carry out the
      Contemplated Transactions.  The boards of directors of the Company and
      Votraint have taken all action required by Law and the Company’s Governing
      Documents and otherwise to be taken by the Company and Votraint to authorize
      (a)
      the execution, delivery and performance of this Agreement and (b) the
      consummation of the Contemplated Transactions in accordance with the terms
      and
      conditions of this Agreement, and no shareholder action is required by Sellers
      with respect to clause (a) or (b) above.  This Agreement has been duly
      and validly executed and delivered by Sellers and the Company and, when executed
      and delivered, will constitute a legal, valid and binding obligation of
      Sellers and the Company enforceable against it and them in accordance with
      its terms, except as such enforceability may be limited by (i) bankruptcy,
      insolvency, reorganization, moratorium or similar Laws relating to or affecting
      generally the enforcement of creditors’ rights and (ii) available
      remedies.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              Consents
                and Approvals.

            

    

    

    Neither
      the Sellers nor the Company is nor will be required to give any notice to any
      person or obtain any Consent or Governmental Authorization in connection with
      the execution and delivery of this Agreement, or the consummation or performance
      of any of the Contemplated Transactions, except for those notices, Consents
      or
      Governmental Authorizations which the failure to give or obtain would not have
      a
      Material Adverse Effect, but with all such notices, Consents or Governmental
      Authorizations of any type being set forth in the Sellers’ Disclosure
      Schedules.

    

    
      	
              6.6

            	
              No
                Conflicts.  The execution and delivery by the Sellers and
                the Company of this Agreement and the performance by the Sellers
                and the
                Company of their respective obligations under this Agreement and
                the
                consummation of the Contemplated Transactions will not: (a) conflict
                with
                or result in a violation or breach of the Governing Documents of
                the
                Sellers, the Company and/or its subsidiaries; (b) conflict with or
                result
                in a violation or breach of any Law or Order applicable to the Sellers,
                the Shares, the Company, its subsidiaries and/or any of their respective
                assets and properties; or (c) (i) conflict with or result in a violation
                or breach of, (ii) constitute (with or without notice or lapse of
                time or
                both) a default under, (iii) require the Sellers, the Company and/or
                its
                subsidiaries to obtain any consent, approval or action of, make any
                filing
                with or give any notice to any person as a result or under the terms
                of,
                (iv) result in or give to any person or entity any right of termination,
                cancellation, acceleration or modification in or with respect to,
                or (v)
                result in the creation or imposition of any Encumbrance upon Sellers,
                the
                Shares, the Company, its subsidiaries and/or any of their respective
                assets and properties under any agreement to which the Sellers, the
                Shares, the Company, and/or its subsidiaries is a party or by which
                any of
                their respective assets or properties is
                bound.

            

    

    

    
      	 	
              Non-contravention.

            

    

    

    Neither
      the entry into this Agreement nor its execution will directly or indirectly
      (with or without notice or lapse of time):

    

    
      	
               

            	
              (a)

            	
              contravene
                any provision of the Governing Documents of the Sellers, the Company
                and/or its subsidiaries;

            

    

     

    
      	
               

            	
              (b)

            	
              contravene
                any Governmental Authorization, Law or Order to which Sellers, the
                Company
                or its subsidiaries may be subject, except as would not have a Material
                Adverse Effect, but with the Sellers being required to disclose all
                such
                matters in the Sellers’ Disclosure Letters to
                Buyer;

            

    

     

    
      	
               

            	
              (c)

            	
              conflict
                with or result in a Default under any of the Company’s Material Contract
                (as defined in Section 6.10), except as would not have a Material
                Adverse
                Effect.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              Financial
                Statements.

            

    

    

     

    Sellers
      have delivered to Buyer and Parent audited balance sheets of the Company for
      the
      fiscal years ended June 30, 2006 and 2005, and an unaudited balance sheet for
      the period ended June 30, 2007, and the related audited statements of income,
      statements of cash flows, and changes in shareholders’ equity for each of the
      fiscal years then ended and the period ended December 31, 2006 (the
“Company’s Financial Statements”).  The Company’s
      Financial Statements were prepared in accordance with Australian generally
      accepted accounting principles consistently applied, and fairly present, in
      all material respects, the financial position, results of operations of the
      Company as of the respective dates and for the respective periods indicated
      therein.

     

    Schedule
      1 of this Agreement details: (a) the Company’s current balance
      sheet as at June 30, 2006 (Audited) and (b) an unaudited balance sheet
      as of June 30, 2007; and (c) a monthly “pro forma” cash flow
      statement for the Company for each month commencing from and after February
      1, 2007 (“Company’s Monthly Pro-Forma
Cash Flow Statement”).  The Company’s
      Monthly Pro-Forma Cash Flow Statements shall include all amounts of cash
      received and all amounts of cash paid by the Company during each month covered
      by each such statement. The information detailed in Schedule 1
      fairly presents, in all material respects, the respective actual and
      expected financial position, results of operations and cash flows of the Company
      as of the respective dates and for the respective periods indicated
      therein.  The Company shall continue to provide Buyer and Parent,
      within ten (10) Business Days after the end of each month from the date of
      this
      Agreement through to the completion of all the Contemplated Transactions, a
      balance sheet, statements of income, statements of cash flows, and changes
      in
      shareholders’ equity for the Company and each of its subsidiaries for such each
      calendar month then ended.

    

    
      	 	
              No
                Undisclosed Liabilities.

            

    

    

     

    Except
      as
      disclosed in the Company’s Financial Statements and Schedule 2 hereto,
      the Company has no liability (current or contingent) or obligation, except
      for liabilities and obligations incurred in the ordinary course of business
      since the Balance Sheet Date, but with all liabilities and obligations incurred
      in the ordinary course of business nevertheless being set forth in Schedule
      2 hereto.  Except as disclosed in Schedule 2, there
      is no planned or expected undisclosed future cash expenditures, other than
      in
      the ordinary course of business, such as but not limited to any loan by the
      Company to any of the Sellers, which may affect Company’s cash flow or financial
      condition.

    

    
      	 	
              Absence
                of Certain Changes.

            

    

    

     

    Except
      as
      disclosed in Schedule 3 or as contemplated by this Agreement, since the
      Balance Sheet Date, the Company has not:

    

    
      	
              (a)  

            	
              declared,
                set aside or paid any dividend or other distribution with respect
                to any
                shares of its capital stock, or otherwise made any payment to Sellers
                or
                any Affiliate of the Company or
                Sellers;

            

    

    

    
      	
              (b)  

            	
              taken
                any other actions except in the ordinary course of
                business;

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	
              (c)  

            	
              accelerated
                the collection of accounts receivable, delayed the payment of accounts
                payable or otherwise changed its treasury management practices, in
                each
                case in any material respect; or

            

    

    

    
      	
              (d)  

            	
              made
                any change in its accounting policies or procedures, in any material
                respect.

            

    

    

    

    In
      addition to the foregoing, since the date of the Company’s Financial
      Statements:

     

    (e)
      the
      Company and is subsidiaries have not (i) amended, or agreed to amend, their
      Governing Documents, (ii) merged with or into or consolidated with, or agreed
      to
      merge with or into or consolidate with, any other person or entity, or (iii)
      except as reasonably required in connection with the transactions contemplated
      by this Agreement or as described elsewhere in this Agreement, changed, or
      agreed to change, in any material manner the character of its
      business;

     

    (f)
      the
      Company and is subsidiaries have conducted their business only in the usual
      and
      ordinary course and in accordance with past practices;

     

    (g)
      there
      has been no material change (or series of changes, casualty or otherwise) in
      the
      business, condition (financial or otherwise), results of operations, assets,
      Liabilities or earnings of the Company and is subsidiaries, other than changes
      arising in the ordinary course of business consistent with past practice and
      experience, none of which changes, individually or in the aggregate, has had
      or
      reasonably could be expected to have a Material Adverse Effect on the Company,
      its subsidiaries or the Shares;

     

    (h)
      the
      Company and is subsidiaries have not made or promised to make any increase
      in
      any salaries, rates of pay or other compensation or benefits of any business
      of
      its employees, nor has the Company or its subsidiaries made any accrual for
      or
      commitment or agreement to make or pay the same, nor any payment or commitment
      to pay any severance or termination pay to any of the business of its employees,
      and no employees are covered by any collective bargaining
      agreements;

     

    (i)
      the
      Company and is subsidiaries have not suffered any strike or other labor trouble,
      and the Company and is subsidiaries have not entered into any material agreement
      or material negotiation with any labor union or other collective bargaining
      representative of any business of its employees;

     

    (j)
      to
      the best Knowledge and belief of the Sellers, the Company and its subsidiaries,
      there has been no change or, any threat of any change, in any of the Company’s
      or its subsidiaries’ relations with, or any loss of or, to the Knowledge of the
      Sellers, the Company and/or its subsidiaries, threat of loss of, any of the
      suppliers, distributors or customers of its respective business, or any material
      decrease or limitation, of any such supplier’s provision of services, supplies
      or materials to the Company or any of its subsidiaries or any such customer’s
      usage or purchase of services or products of the Company or any of its
      subsidiaries that has had or reasonably could be expected to have a Material
      Adverse Effect on the Company or its subsidiaries;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (k)
      there
      has been no change in the method of accounting or keeping of books of account
      or
      accounting practices with respect to the Company and/or its
      subsidiaries;

     

    (l)
      the
      Sellers, the Company and its subsidiaries have not waived, or agreed to waive,
      any right of material value with respect to the Company, its subsidiaries or
      any
      of its respective assets or properties;

     

    (m)
      the
      Company and its subsidiaries have not changed, or agreed to change, any of
      its
      respective business policies or practices, including advertising, marketing,
      pricing, purchasing, personnel, sales, returns or budget policies or practices,
      which changes would have a Material Adverse Effect on the Company and/or its
      subsidiaries;

     

    (n)
      except in the ordinary course of business or as otherwise permitted or required
      by this Agreement, the Company and its subsidiaries have not (i) entered into,
      or agreed to enter into, any lease (as lessor or lessee) or any license (as
      licensee or licensor) on behalf of the Company or its subsidiaries, (ii) sold,
      abandoned or made, or agreed to sell, abandon or make, any other disposition
      of
      any of the assets or properties of the Company or its subsidiaries; or (iii)
      waived or relinquished any other rights of material value;

     

    (o)
      neither the Sellers nor the Company or its subsidiaries have granted or
      suffered, or agreed to grant or suffer, any Encumbrance on any assets or stock
      of the Company or its subsidiaries;

     

    (p)
      except as provided herein, the Company and/or its subsidiaries have not entered
      into or amended, or agreed to enter into or amend, any contract or other
      agreement by or to which the Company and/or its subsidiaries is bound or
      subject, pursuant to which it agrees to indemnify any party on behalf of the
      Company or its subsidiaries or pursuant to which it agrees to refrain from
      competing with any party;

     

    (q)
      the
      Company and its subsidiaries have not, except in the ordinary course of
      business, incurred or assumed, or agreed to incur or assume, any material
      Liability (whether or not currently due and payable);

     

    (r)
      the
      Company and its subsidiaries have not terminated, or agreed to terminate, or
      failed to renew or received any oral or written threat (that was not
      subsequently withdrawn) to terminate or fail to renew, any Contract, license
      or
      Permit and/or Approval, where any such termination or failure to renew could
      reasonably be expected to have a Material Adverse Effect on the Company and/or
      its subsidiaries; and

     

    (s)
      the
      Sellers, the Company and/or its subsidiaries have not entered into, or agreed
      to
      enter into, any transaction where the same has or could reasonably be expected
      to have a Material Adverse Effect on the Company and/or its
      subsidiaries.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	 	
              Contracts.

            

    

     

    Each
      Contract to which the Company and/or its subsidiaries is a party that is
      material to the Company and/or its subsidiaries or is otherwise material to
      the
      operation of the Company’s business and/or its subsidiaries’ business as
      presently conducted (collectively, the “Company’s
Material Contracts”) is in full force and effect,
      constitutes a legal, valid and binding agreement of the Company and/or its
      subsidiaries, respectively, and is enforceable in accordance with its terms
      as
      to the Company and/or its subsidiaries, respectively, except as such
      enforceability may be limited by (a) bankruptcy, insolvency,
      reorganization, moratorium or similar laws relating to or affecting generally
      the enforcement of creditors’ rights and (b) the availability of
      remedies.  To the Knowledge of the Sellers, the Company and its
      subsidiaries, the Company and its subsidiaries are not in violation or breach
      of
      or Default under any Material Contract. Schedule 6.3 lists
      all Material Contracts (where the value of aggregate payments or receipts is
      $45,000 or greater) of the Company and/or its subsidiaries. True and correct
      copies of all Material Contracts have been provided to Buyer.

     

    Sellers
      have not provided any guarantee on behalf of the Company and/or any of its
      subsidiaries in respect of any Material Contract.

     

    Sellers,
      the Company and its subsidiaries will each take any and all steps reasonably
      requested by the Buyer which are necessary to ensure that the Material Contracts
      are not terminated or any services or revenues contemplated thereunder reduced
      in any way as a result of the transactions contemplated by this Agreement
      (including, but not limited to, executing any transfer and/or assignment
      agreements and effecting any measures associated therewith). Contracts which
      require approval of third parties to this transaction or which may be terminated
      due to this transaction are listed on Schedule 6.2.

    

    
      	 	
              Intellectual
                Property.

            

    

    

    (a)
      Schedule 6.11(a) of this Agreement contains a complete and accurate list (by
      name and version number) of all products, internet properties, software and/or
      service offerings of the Company and/or its subsidiaries (collectively,
“Company Products”) (i) that have been operated, sold, licensed,
      distributed or otherwise provided in the three (3)-year period
      immediately preceding the date hereof, (ii) for which the Company and/or any
      its
      subsidiaries has any obligation or liability related thereto, or (iii) which
      the
      Company and/or its subsidiaries intends to sell, distribute, operate, license
      or
      otherwise provide in the future, including any Company Products under
      development.

     

    (b)
      Schedule 6.11(b) of this Agreement lists all Intellectual Property Rights
      owned by, filed in the name of, or applied for, by any of the Sellers, the
      Company and/or its subsidiaries which are applicable to the business or
      operations of the Company and/or its subsidiaries (the “Company Registered
      Intellectual Property Rights”) and lists any proceedings or actions before
      any court, tribunal (including but not limited to the United States Patent
      and
      Trademark Office (the “PTO”), or equivalent authority anywhere in the
      world, related to any of the Company Registered Intellectual Property Rights
      or
      any other intellectual property of any type (“Intellectual Property”) owned,
      licensed and/or used by or in the business or products of the Company and/or
      its
      subsidiaries (collectively, the “Company Intellectual Property”).  The
      Company and the Sellers represent and warrant that the Company Intellectual
      Property includes, but is not limited to, all rights of all types relating
      to
“Heroes Of The Pacific” intellectual property.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    (c)
      Each
      item of Company Registered Intellectual Property Right is currently in
      compliance with all necessary formal legal requirements (including payment
      of
      filing, examination and maintenance fees and proofs of use) and is valid and
      subsisting.  All necessary documents and certificates in connection
      with such Company Registered Intellectual Property Rights have been filed with
      the relevant patent, copyright, trademark, Internet, or other authorities in
      the
      United States and all applicable foreign jurisdictions, as the case may be,
      for
      the purposes of applying for, perfecting, prosecuting and maintaining each
      such
      Company Registered Intellectual Property Right.  Except as set forth
      on Schedule 6.11(c) of this Agreement, there are no actions that must be
      taken by the Sellers, the Company and/or its subsidiaries within two (2) years
      of the date hereof, including but not limited to the payment of any
      registration, maintenance or renewal fees or the filing of any responses to
      PTO
      (or other comparable entities elsewhere in the world) office actions, documents,
      applications or certificates for the purposes of obtaining, maintaining,
      perfecting or preserving or renewing any Company Registered Intellectual
      Property Rights.  The Sellers, the Company and/or its subsidiaries
      have not claimed any small business status in the application for or
      registration of any Company Registered Intellectual Property Rights that would
      not be applicable following the consummation of the Contemplated
      Transactions.

     

    (d)
      The
      Company’s and/or its subsidiaries use or distribution of any data, information,
      content or other works (including data, information content or works belonging
      to third parties) does not, has not, and following the transactions contemplated
      by this Agreement will not: (i) infringe or violate the rights (including
      Intellectual Property Rights or rights under contract or policy) of any person
      or entity or (ii) violate any law or regulation of any country or jurisdiction,
      and the Sellers, the Company and/or its subsidiaries have not received any
      notice of any infringement or violation with respect thereto.

     

    (e)
      In
      each case in which the Company and/or its subsidiaries has acquired any
      Intellectual Property or Intellectual Property Right from any person or entity,
      including the Company’s acquisition of all Intellectual Property Rights with
      respect to the “Heroes Of The Pacific,” including but not limited to all rights
      thereto from Ben Byron Palmer, the Company and its subsidiaries, as applicable,
      have obtained a valid and enforceable assignment sufficient to irrevocably
      transfer all rights in and to all such Intellectual Property and the associated
      Intellectual Property Rights (including the right to seek damages with respect
      thereto) to the Company.  To the maximum extent required by, and in
      accordance with, applicable laws and regulations, the Company and its
      subsidiaries, if applicable, have recorded each such assignment of a Registered
      Intellectual Property Right assigned to the Company and/or its subsidiaries
      with
      the relevant Governmental Body or regulatory authority.

     

    (f)
      To
      the best Knowledge and belief of the Sellers, the Company and its subsidiaries,
      there are no facts or circumstances that would render any Company Intellectual
      Property invalid or unenforceable, nor have the Sellers, the Company or its
      subsidiaries taken, or failed to take, any action in the application for or
      prosecution of any Company Intellectual Property that would render such Company
      Intellectual Property invalid or unenforceable.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (g)
      Each
      item of Company Intellectual Property is free and clear of any liens or
      encumbrances, except for non-exclusive licenses granted to end-user customers
      in
      the ordinary course of business, consistent with past practice, the forms of
      which have been provided to Buyer and Parent.

     

    (h)
      The
      Company is the exclusive owner or exclusive licensee of all Company Intellectual
      Property, including but not limited to the Company being the exclusive owner
      of
“Heroes Of The Pacific,” with no obligations (financial or otherwise) to any
      other person or entity with respect to such ownership or
      license.  Without limiting the generality of the foregoing, (i) the
      Company is the exclusive owner of all trademarks and internet properties used
      in
      connection with the operation or conduct of the businesses of the Company and/or
      its subsidiaries, including the sale, distribution or provision of any Company
      Products and the operation of any web sites by the Company and/or its
      subsidiaries, (ii) the Company owns exclusively, and has good title to, all
      copyrighted works that are included or incorporated into Company Products or
      which the Company and/or its subsidiaries otherwise purports to own, and (iii)
      to the extent that any patent would be infringed by any Company Product, the
      Company is the exclusive owner of such patent.

     

    (i)
      Schedule 6.11(i) of this Agreement lists all Intellectual Property
      licenses (“IP Licenses”) pursuant to which the Company or its subsidiaries
      created or developed any Intellectual Property for or on behalf of any third
      party and granted such third party any exclusive rights to or joint ownership
      of
      such Intellectual Property or related Intellectual Property
      Rights.  Except as otherwise provided in Schedule 6.11(i) of
      this Agreement, the Company has not (i) transferred ownership of, or granted
      any
      exclusive license of or right to use, or authorized the retention of any
      exclusive rights to use or joint ownership of, any Intellectual Property or
      Intellectual Property Right that is or was Company Intellectual Property, to
      any
      other person or entity, or (ii) permitted Company’s rights in such Company
      Intellectual Property to lapse or enter the public domain.

     

    (j)
      Except as set forth on Schedule 6.11(j) of this Agreement, all
      Intellectual Property used in or necessary to the conduct of Company’s
      businesses (including its subsidiaries) as presently conducted or used at any
      time in the conduct of Company’s businesses (including its subsidiaries) as
      currently contemplated by the Company and its subsidiaries to be conducted,
      was
      written and created solely by either (i) employees of the Company acting within
      the scope of their employment, with all such employees having executed all
      necessary assignments of inventions, discoveries and intellectual property
      rights to the Company, (ii) third parties who have validly and irrevocably
      assigned all of their rights, including all Intellectual Property Rights
      therein, to the Company, or (iii) third parties who have entered into an
      agreement with the Company pursuant to which any Intellectual Property authored
      or created by such third party would be considered a work made for hire pursuant
      to Australian intellectual property laws which inure solely to the benefit,
      right and ownership of the Company and no third party owns or has any rights
      to
      any such Intellectual Property.  The Company and the Sellers represent
      and warrant that the Intellectual Property of the Company includes, but is
      not
      limited to, all rights of all types relating to “Heroes Of The Pacific”
intellectual property.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (k)
      To
      the extent that any Intellectual Property or Intellectual Property Rights have
      been developed or created by a third party for the Company or its subsidiaries
      or is incorporated into any of the Company Products, the Company has a written
      agreement with such third party with respect thereto and the Company thereby
      has
      obtained, pursuant to an IP License listed on Schedule 6.11(k) of this
      Agreement, a perpetual, non-terminable, full-paid, world-wide license
      (sufficient for the conduct of the Company’s businesses as currently conducted
      and as proposed to be conducted) to, all such third party’s Intellectual
      Property and Intellectual Property Rights, and in each case such rights and
      licenses shall survive the transactions contemplated by this
      Agreement.

     

    (l)
      Schedule 6.11(l) of this Agreement sets forth, for each Company
      Product, (i) whether use or operation of such Company Product by any customer
      or
      end-user on any third party hardware or software platform (a “Third Party
      Platform”) requires such customer or end-user to enter into an agreement or
      license with the manufacturer of such Third Party Platform, and (ii) all IP
      Licenses entered into with such manufacturer of such Third Party
      Platform.  Except as set forth on Schedule 6.11(l), the Company
      Intellectual Property constitutes all the Intellectual Property and Intellectual
      Property Rights used in or necessary to the conduct of the businesses of the
      Company and its subsidiaries, and as it is currently planned or contemplated
      to
      be conducted by the Company and/or its subsidiaries, including, without
      limitation, the operation, design, development, manufacture, use, import,
      distribution and sale of Company Products.

     

    (m)
      No
      person who has licensed any Intellectual Property or Intellectual Property
      Rights to the Company or its subsidiaries has ownership rights or license rights
      to improvements made by or for the Company and/or its subsidiaries in such
      Intellectual Property or Intellectual Property Rights, and all such licenses
      provide that all such ownership rights or license rights to improvements made
      by
      or for the Company and/or its subsidiaries in such Intellectual Property or
      Intellectual Property Rights shall inure to solely the Company and/or its
      subsidiaries.

     

    (n)
      Company has the right to use, pursuant to valid licenses which are listed on
      Schedule 6.11(n) of this Agreement, all data (including personal data of
      third parties), all software development tools, library functions, operating
      systems, data bases, compilers and all other third-party software that are
      used
      in the business and/or operation of the Company and/or its subsidiaries or
      that
      are required to create, modify, compile, operate or support any software that
      is
      Company Intellectual Property or is incorporated into any Company
      Product.

     

    (o)
      Except as set forth on Schedule 6.11(o) of this Agreement, no open source
      or public library software, including without limitation, any version of any
      software licensed pursuant to any public license, was used in the development
      or
      modification of any software that is or was Company Intellectual Property or
      is
      incorporated into any Company Product.

     

    (p)
      No
      governmental entity, university, college, other educational institution or
      research center or third parties have any rights whatsoever in any Company
      Intellectual Property.  

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    No
      current or former employee, consultant or independent contractor of the Company
      or any of its subsidiaries, who was involved in, or who contributed to, the
      creation or development of any Company Intellectual Property, has performed
      services for the government, university, college, or other educational
      institution or research center during a period of time during which such
      employee, consultant or independent contractor was also performing services
      for
      the Company or any of its subsidiaries.

     

    (q)
      The
      operation of the businesses of the Company and its subsidiaries as it is
      currently conducted, or is contemplated to be conducted, by the Company and
      its
      subsidiaries, including but not limited to the design, development, use, import,
      branding, advertising, promotion, marketing, operation, manufacture and sale
      of
      Company Products, does not and will not after the transactions contemplated
      by
      this Agreement infringe or misappropriate any and Intellectual Property and/or
      any Intellectual Property Right of any person or entity, violate any right
      of
      any person or entity (including any right to privacy or publicity), or
      constitute unfair competition or trade practices under the laws of any
      jurisdiction, and the Sellers, the Company and/or its subsidiaries have not
      received notice from any person or entity claiming that such operation or any
      act, product, technology or service (including products, technology or services
      currently under development) of the Company or its subsidiaries infringes or
      misappropriates any Intellectual Property Right of any person or entity or
      constitutes unfair competition or trade practices under the laws of any
      jurisdiction (nor do the Sellers, the Company and/or its subsidiaries have
      any
      Knowledge of any basis therefor).

     

    (r)
      No
      Company Intellectual Property or Company Product is subject to any proceeding
      or
      outstanding decree, order, judgment or settlement agreement or stipulation
      that
      restricts in any manner the use, transfer or licensing thereof by the Company
      or
      that may affect the validity, use or enforceability of such Company Intellectual
      Property.

     

    (s)
      Schedule 6.11(s)(i) of this Agreement lists all inbound IP Licenses
      (including without limitation all non-negotiated IP Licenses such as free
      downloads, shrink-wrap and click-through agreements and open source licenses
      and
      agreements), Schedule 6.11(s)(ii) of this Agreement lists all material
      outbound IP Licenses, and Schedule 6.11(s)(iii) of this Agreement lists,
      for each Company Product, all Intellectual Property or Intellectual Property
      Rights of a third party used in such Company Product and the IP License pursuant
      to which Company acquired the right to use such Intellectual Property or
      Intellectual Property Rights.

     

    (t)
      All
      IP Licenses are in full force and effect.  The Company and/or its
      subsidiaries are not in breach of nor has it/they failed to perform under,
      and
      the Sellers, the Company and/or its subsidiaries have not received any notice
      of
      any breach or failure to perform under, any of the IP Licenses and, to the
      Knowledge of the Sellers, the Company and/or its subsidiaries, no other party
      to
      any such contract, license or agreement is in breach thereof or has failed
      to
      perform thereunder.  The consummation of the transactions contemplated
      by this Agreement will neither violate nor result in the breach, modification,
      diminution, reduction, cancellation, termination or suspension of any IP
      Licenses or entitle the other party or parties to such IP Licenses to terminate
      such IP Licenses.  The transactions contemplated by this Agreement
      will not result in any third party being granted any rights to any Company
      Intellectual Property Rights that are in addition to, or greater than, such
      third party currently has under such IP Licenses, including any access to or
      release of any source code owned by or licensed to the Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    (u)
      Schedule 6.11(u) of this Agreement lists all IP Licenses between the
      Company and any other person or entity wherein or whereby the Company or any
      of
      its subsidiaries has agreed to, or assumed, any obligation or duty to warrant,
      indemnify, reimburse, hold harmless, guaranty or otherwise assume or incur
      any
      obligation or liability or provide a right of rescission with respect to the
      infringement or misappropriation by the Company or its subsidiaries or such
      other person or entity of the Intellectual Property Rights of any person or
      entity other than the Company.

     

    (v)
      There
      are no contracts, licenses or agreements between the Company and/or its
      subsidiaries and any other person or entity with respect to Company Intellectual
      Property under which there is any dispute regarding the scope of such agreement,
      or performance under such agreement, including with respect to any payments
      to
      be made or received by the Company or its subsidiaries thereunder.

     

    (w)
      To
      the Knowledge of the Sellers, the Company and/or its subsidiaries, no person
      is
      infringing or misappropriating any Company Intellectual Property
      Right.

     

    (x)
      The
      Company has taken all steps that are reasonably required to protect the
      Company’s rights and its subsidiaries’ rights in confidential information and
      trade secrets of the Company and/or is subsidiaries or provided by any other
      person or entity to the Company and/or its subsidiaries.

     

    

    
      	 	
              Employee
                Matters.

            

    

    

     

    
      	
               

            	
              (a)

            	
              There
                is not presently pending or existing, and to the Knowledge of
                Sellers, the Company and/or its subsidiaries, there is not threatened,
                any
                strike, slowdown, picketing, employee grievance process or other
                work
                stoppage or labor dispute involving the Companyand/or its subsidiaries
                and
                no event has occurred or circumstance exists that may provide the
                basis
                for any such work stoppage or labor
                dispute.

            

    

    

    
      	
               

            	
              (b)

            	
              The
                Company and its subsidiaries are not obligated to grant stock
                options or other similar rights or make any retirement payment to any
                person or entity except for the retention plan and severance payments
                as
                provided under Schedule 5 of this
                Agreement.

            

    

    

    
      	
               

            	
              (c)

            	
              To
                the Knowledge of Sellers, the Company and/or its subsidiaries, there
                is not pending or threatened, any Proceeding against or affecting
                the
                Company and/or its subsidiaries relating to the alleged violation
                of any
                Law pertaining to labor relations or employment
                matters

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	
               

            	
              (d)

            	
              Sellers
                have not, prior to the date of this Agreement, and Sellers will not
                from
                and after the execution of this Agreement and for an additional period
                of
                at least two (2) years immediately after Stage 1 of the Contemplated
                Transaction solicit, directly or indirectly, any of the Company’s
                employees or any of its subsidiaries’ employees to resign from or
                otherwise cease employment with the Company or its
                subsidiaries.

            

    

     

    
      
        	
                 

              	
                (e)

              	
                 Schedule
                  6.12(e) of this Agreement lists all Contracts providing for a
                  commitment of employment, consulting or independent contractor
                  services
                  (and provides a description of all oral agreements related thereto)
                  to
                  which the Company or its subsidiaries is a party which either (i)
                  contain
                  severance, bonus or other provisions that may be triggered by the
                  Contemplated Transactions or (ii) contain obligations continuing
                  beyond
                  the consummation of the Contemplated Transactions, and true, correct
                  and
                  complete copies of all such written agreements have been delivered
                  to
                  Buyer and Parent.  In addition, Schedule
                  6.12(e) of this Agreement identifies all current
                  employees, consultants and independent contractors of the Company
                  and/or
                  its subsidiaries, including, without limitation, all officers of
                  the
                  Company and/or its subsidiaries, and describes the job title of
                  and
                  compensation (including, without limitation, salary, bonuses and
                  perks)
                  payable to, each such individual.  None of such employees has
                  indicated to the Company or is subsidiaries a present intention
                  to resign
                  or retire, and the Company does not have a present intention to
                  terminate
                  the employment of any of them.  No employee of the Company is in
                  violation of any material term of any employment contract (whether
                  written
                  or oral), patent disclosure agreement or any other contract or
                  agreement
                  relating to the relationship of any such employee with the Company
                  or is
                  subsidiaries or any other person or entity (including prior employers)
                  because of the nature of the business now conducted or now proposed
                  to be
                  conducted by the Company and/or its
                  subsidiaries.

              

      

      
         

        
          
            	
                     

                  	
                    (f)

                  	
                    Company
                      Employee Benefit Plans.Schedule 6.12(f) of this Agreement contains a
                      list of all employee benefit plans in which employees of the
                      Company
                      and/or its subsidiaries participate as of the date of this
                      Agreement
                      and/or at any time thereafter (the “Benefit
                      Plans”).  Sellers and the Company have delivered to Buyer
                      and Parent true, correct and complete copies of all documents
                      (including
                      the most recent plan document incorporating all plan amendments,
                      the most
                      recent summary plan description and, if applicable, the most
                      recent
                      governmental determination letter) embodying the Benefit
                      Plans.  To the Knowledge of the Sellers, the Company and its
                      subsidiaries, each of the Benefit Plans is and has at all times
                      been in
                      compliance in all material respects with applicable provisions
                      of
                      Victorian and the Federal Government of Australia laws and
                      regulations and
                      all other applicable laws and regulations .  With respect to
                      each Benefit Plan, no action, suit, proceeding, hearing, or
                      investigation
                      with respect to the administration or the investment of the
                      assets of any
                      such Benefit Plan (other than routine claims for benefits)
                      is
                      pending.

                  

          

           

        

      

    

    
      	 	
              Compliance.

            

    

    

    
      	
               

            	
              Sellers,
                the Company and its subsidiaries represent and warrant that the Company
                and its subsidiaries conduct its/their business in accordance with
                all
                applicable Laws, including any applicable Laws relating to
                anti-competition, anti-trust, tax, commercial law, corporate law
                and
                anti-monopoly and the regulation
                thereof.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	 	
              Legal
                Proceedings.

            

    

    

    
      	
               

            	
              The
                Sellers, the Company and its subsidiaries represent and warrant that
                there
                are no Proceedings pending against, or threatened against or affecting
                (a)
                the Company and/or its subsidiaries, (b) any asset of the Company
                and/or
                its subsidiaries, or (c) the Company Intellectual Property
                Rights.  Neither the Company, its subsidiaries nor Sellers is
                subject to any Order that has or could reasonably be expected to
                have a
                Material Adverse Effect or that could be reasonably expected to materially
                impair the business or prospects of the Company and/or its subsidiaries
                or
                materially impair or delay the ability of Sellers to consummate the
                Contemplated Transactions.

            

    

    

    
      	 	
              Title
                to Property.

            

    

    

    The
      Company has good title to, or in the case of leased property and assets, has
      valid leasehold interests in all property and assets utilized by the Company
      and/or its subsidiaries without Encumbrances of any kind (whether real,
      personal, tangible or intangible) reflected on the Company’s balance sheet or
      acquired after the Balance Sheet Date, except for (i) any Encumbrances as
      described in Schedule 6 (ii) nor have any properties and assets been sold
      or disposed of since the Balance Sheet Date except in the ordinary course of
      business consistent with past practices.  Schedule 7 contains a
      true, correct and complete list of all tangible and intangible assets and
      properties (including business software) of the Company, all of which shall
      be
      transferred with the Company.  The Company has the right to
      commercially exploit the Intellectual Property in the Database included herein.
      True, correct and complete copies of all titles and leases have been provided
      to
      Buyer.

    

    
      	 	
              Tax
                Matters.

            

    

    

    
      	
               

            	
              (a)

            	
              All
                Tax Returns required by Law to be filed by or on behalf of the Company
                have been filed.  All Taxes owed by the Company (whether or not
                shown as due on its Tax Returns) and due have been
                paid.

            

    

    

    
      	
               

            	
              (b)

            	
              No
                audits or other Proceedings exist with respect to any Taxes or Tax
                Returns
                of the Company (including its subsidiaries).  The Company and/or
                its subsidiaries do not currently have any Tax deficiency proposed
                or
                assessed against it in writing by any Governmental
                Authority.

            

    

    

    
      	 	
              Insurance.

            

    

    

    The
      Company has at all times maintained all insurances: (a) necessary for the proper
      conduct of the business of the Company and its subsidiaries, in the ordinary
      course including insurance for the actions of and injury to employees; and
      (b)
      against all risks normally insured against by persons or entities carrying
      on
      the same type of business as the Company.  There is no claim
      outstanding under any insurance policy or insurance contract exceeding $10,000
      and to the  Knowledge of the Sellers, the Company and/or its
      subsidiaries, there are no circumstances likely to give rise to a
      claim.  No claim has been made under any insurance contract during the
      12 months before the date of this Agreement.  The Company has never
      had an insurance claim refused or been refused insurance
      coverage.  Schedule 6.17 of this Agreement lists all insurance
      policies and contracts covering the Company, its subsidiaries and/or their
      respective employees, properties, assets, liabilities and/or risks.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              6.18

            	
              Subsidiaries.  The
                Company has no other subsidiaries except for only (i) Interactive
                Entertainment (AUST) PTY LTD and (ii) IR Gurus Interactive Pty
                Ltd.  Except as set forth on Schedule 6.18 of this
                Agreement, the Company does not directly or indirectly own any equity
                or
                similar interest in, or any interest convertible or exchangeable
                or
                exercisable for, any equity or similar interest in, any corporation,
                partnership, joint venture or other business association or
                entity.

            

    

    
 

    
      	
              6.19

            	
              Brokers;
                Finders.  No broker, investment bank, financial advisor or
                other person or entity is entitled to any broker’s, finder’s, financial
                advisor’s or other similar fee or commission in connection with the
                Contemplated Transactions based upon any arrangements made by or
                on behalf
                of the Sellers or the Company and/or its
                subsidiaries.

            

    

    

    

    

    
      	
              7.  

            	
              REPRESENTATIONS
                AND WARRANTIES OF BUYER AND
                PARENT

            

    

    

    Buyer
      and
      Parent each represents and warrants to Sellers that the statements in this
      Section 7 are all true and correct as
      of the date of this Agreement:

     

    
      	 	
              Organization.

            

    

    

    

    
      	
               

            	
              Parent
                is duly organized, validly existing and, if applicable, in good standing,
                under the Laws of Delaware and has all requisite power and authority
                to
                own its assets and carry on business as presently conducted by
                it.  Buyer is duly organized, validly existing and, if
                applicable, in good standing, under the Laws of Australia and has
                all
                requisite power and authority to own its assets and carry on business
                as
                presently conducted by it.  Parent and Buyer have delivered to
                the Company true, correct and complete copies of all Governing Documents
                of each of the Parent and Buyer, each as amended up through the date
                of
                delivery thereof to the Company, with no other changes thereto being
                made
                from and after the delivery thereof to the Company.  Parent and
                Buyer represent and warrant that the Parent and Buyer are not in
                violation
                of any provision of any of their respective Governing Documents,
                nor any
                other operational or business agreements to which the Parent and
                Buyer are
                a party.

            

    

     

    
      	 	
              Capitalization.

            

    

    

    
      	
               

            	
              The
                capitalization of Parent is set forth in Schedule 7.2
                hereto.

            

    

     

    
      	 	
              Authority.

            

    

    

    Buyer
      and
      Parent each have all necessary power and authority and has taken all actions
      necessary to enter into this Agreement and to carry out the Contemplated
      Transactions.  

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    The
      respective boards of directors of Buyer and Parent have taken all action
      required by Law and their respective Governing Documents or otherwise to be
      taken by Buyer and/or Parent to authorize the execution and delivery of this
      Agreement by Buyer and Parent and the consummation of the Contemplated
      Transactions, subject to the terms and conditions contained in this
      Agreement.  This Agreement has been duly and validly executed and
      delivered by Buyer and Parent and, when executed and delivered by Sellers,
      will
      constitute a legal, valid and binding obligation of Buyer and Parent enforceable
      against them in accordance with their terms, except as such enforceability
      may
      be limited by (a) bankruptcy, insolvency, reorganization, moratorium or
      similar Laws relating to or affecting generally the enforcement of creditors’
rights and (b) available remedies.  The shares of Parent Common
      Stock to be issued to the Sellers as the Stock Payment shall have been duly
      authorized and validly issued to the Sellers and deposited into escrow as
      provided in this Agreement.

    

    
      	 	
              Consents
                and Approvals.

            

    

    

    Buyer
      and
      Parent are not nor will be required to give any notice to any person or obtain
      any Consent or Governmental Authorization in connection with the execution
      and
      delivery of this Agreement, or the consummation or performance of any of the
      Contemplated Transactions, except for those notices, Consents or Governmental
      Authorizations generally referred to elsewhere herein.

     

    
      	 	
              No
                Conflicts.

            

    

    

    
      	
               

            	
              The
                execution and delivery by the Parent and the Buyer of this Agreement
                and
                the performance by the Parent and the Buyer of their respective
                obligations under this Agreement and the consummation of the Contemplated
                Transactions will not: (a) conflict with or result in a violation
                or
                breach of the Governing Documents of the Parent or the Buyer; (b)
                conflict
                with or result in a violation or breach of any Law or Order applicable
                to
                the Parent or the Buyer and/or any of their respective assets and
                properties; or (c) (i) conflict with or result in a violation or
                breach
                of, (ii) constitute (with or without notice or lapse of time or both)
                a
                default under, (iii) require the Parent or the Buyer to obtain any
                consent, approval or action of, make any filing with or give any
                notice to
                any person as a result or under the terms of, (iv) result in or give
                to
                any person or entity any right of termination, cancellation, acceleration
                or modification in or with respect to, or (v) result in the creation
                or
                imposition of any Encumbrance upon Parent or the Buyer and/or any
                of their
                respective assets and properties under any agreement to which the
                Parent
                or the Buyer is a party or by which any of their respective assets
                or
                properties is bound.

            

    

    

    
      	 	
              Non-contravention.

            

    

    

    Neither
      entry into this Agreement nor its execution will directly or indirectly (with
      or
      without notice or lapse of time):

    

    
      	
               

            	
              (a)

            	
              contravene
                any provision of the governing documents of Buyer or
                Parent;

            

    

     

    
      	
               

            	
              (b)

            	
              contravene
                any Governmental Authorization, Law or Order to which Buyer or Parent
                may
                be subject;

            

    

     

    
      	
               

            	
              (c)

            	
              conflict
                with or result in a Default under any Material Contract of Buyer
                or
                Parent.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              Financial
                Statements.

            

    

     

    Parent
      has delivered to Sellers un-audited financial statements of the Parent as of
      December 31, 2006.  Parent has also delivered its audited financial
      statements for each of the financial years ending on March 31, 2005 and March
      31, 2006  (the “Parent’sFinancial
      Statements”),  The Parent’s Financial Statements were
      prepared in accordance with US GAAP, and fairly present, in all material
      respects, the financial position, results of operations of the Buyer as of
      the
      respective dates and for the respective periods indicated therein.

    

    
      	 	
              No
                Undisclosed Liabilities.

            

    

    

    Except
      as
      disclosed in the Parent’s Financial Statements and the Parent’s Balance Sheet
      and Schedule 7.8 of this Agreement, the Parent has
      no liability (current or contingent) or obligation, except for liabilities
      and obligations incurred in the ordinary course of business since the Parent’s
      Balance Sheet Date.  Except as disclosed in Schedule 7.8, there
      is no planned or expected undisclosed future cash expenditures, other than
      in
      the ordinary course of business, such as but not limited to any loan by the
      Buyer, which may adversely affect Parent’s or Buyer’s cash flow or financial
      condition.

    

    
      	 	
              Absence
                of Certain Changes.

            

    

    

    Except
      as
      disclosed in Schedule 7.9 or as contemplated by this Agreement, since the
      Parent’s Balance Sheet Date, the Parent has not:

    

    (a)
      declared, set aside or paid any dividend or other distribution with respect
      to
      any shares of its capital stock, or otherwise made any payment to Sellers or
      any
      Affiliate of the Parent;

    

    (b)
      taken
      any other actions except in the ordinary course of business;

    

    (c)
      accelerated the collection of accounts receivable, delayed the payment of
      accounts payable or otherwise changed its treasury management practices, in
      each
      case in a material respect; or

    

    (d)
      made
      any change in its accounting policies or procedures, in any material
      respect.

    

    In
      addition to the foregoing, since the date of the Parent’s Financial
      Statements:

     

    (e)
      Parent and Buyer have not (i) amended, or agreed to amend, their Governing
      Documents, (ii) merged with or into or consolidated with, or agreed to merge
      with or into or consolidate with, any other person or entity, or (iii) except
      as
      reasonably required in connection with the transactions contemplated by this
      Agreement or as described elsewhere in this Agreement, changed, or agreed to
      change, in any material manner the character of its business;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    (f)
      Parent and Buyer have conducted their business only in the usual and ordinary
      course and in accordance with past practices;

     

    (g)
      there
      has been no material change (or series of changes, casualty or otherwise) in
      the
      business, condition (financial or otherwise), results of operations, assets,
      Liabilities or earnings of the Parent and Buyer, other than changes arising
      in
      the ordinary course of business consistent with past practice and experience,
      none of which changes, individually or in the aggregate, has had or reasonably
      could be expected to have a material adverse effect on the Parent and
      Buyer;

     

    (h)
      Parent and Buyer have not made or promised to make any material increase in
      any
      salaries, rates of pay or other compensation or benefits of any business of
      its
      employees, nor has Parent and Buyer made any accrual for or commitment or
      agreement to make or pay the same, nor any payment or commitment to pay any
      severance or termination pay to any of the business of its employees, and no
      employees are covered by any collective bargaining agreements;

     

    (i)
      Parent and Buyer have not suffered any strike or other labor trouble, and Parent
      and Buyer have not entered into any material agreement or material negotiation
      with any labor union or other collective bargaining representative of any
      business of its employees;

     

    (j)
      to
      the best Knowledge and belief of the Parent and Buyer, there has been no change
      or, any threat of any change, in any of the Parent’s or Buyer’s relations with,
      or any loss of or, to the Knowledge of the Parent or buyer, threat of loss
      of,
      any of the suppliers, distributors or customers of its respective business,
      or
      any material decrease or limitation, of any such supplier’s provision of
      services, supplies or materials to the Parent or Buyer or any such customer’s
      usage or purchase of services or products of Parent or Buyer that has had or
      reasonably could be expected to have a material adverse effect on the Parent
      and
      Buyer;

     

    (k)
      there
      has been no change in the method of accounting or keeping of books of account
      or
      accounting practices with respect to the Parent and Buyer;

     

    (l)
      Parent and Buyer have not waived, or agreed to waive, any right of material
      value with respect to the Parent and Buyer or any of its respective assets
      or
      properties;

     

    (m)
      Parent and Buyer have not changed, or agreed to change, any of its respective
      business policies or practices, including advertising, marketing, pricing,
      purchasing, personnel, sales, returns or budget policies or practices, which
      changes would have a material adverse effect on the Parent and/or
      Buyer;

     

    (n)
      except in the ordinary course of business or as otherwise permitted or required
      by this Agreement, the Parent and Buyer have not (i) entered into, or agreed
      to
      enter into, any lease (as lessor or lessee) or any license (as licensee or
      licensor) on behalf of the Parent or Buyer, (ii) sold, abandoned or made, or
      agreed to sell, abandon or make, any other disposition of any of the assets
      or
      properties of the Parent or Buyer; or (iii) waived or relinquished any other
      rights of material value;

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (o)
      neither the Parent or Buyer have granted or suffered, or agreed to grant or
      suffer, any Encumbrance on any assets or stock of the Parent or
      Buyer;

     

    (p)
      except as provided herein, the Parent and/or Buyer have not entered into or
      amended, or agreed to enter into or amend, any contract or other agreement
      by or
      to which the Parent and/or Buyer is bound or subject, pursuant to which it
      agrees to indemnify any party on behalf of the Parent and/or Buyer or pursuant
      to which it agrees to refrain from competing with any party;

     

    (q)
      Parent and Buyer have not, except in the ordinary course of business, incurred
      or assumed, or agreed to incur or assume, any material Liability (whether or
      not
      currently due and payable);

     

    (r)
      Parent and Buyer have not terminated, or agreed to terminate, or failed to
      renew
      or received any oral or written threat (that was not subsequently withdrawn)
      to
      terminate or fail to renew, any Contract, license or Permit and/or Approval,
      where any such termination or failure to renew could reasonably be expected
      to
      have a material adverse effect on the Parent and/or Buyer; and

     

    (s)
      Parent and/or Buyer have not entered into, or agreed to enter into, any
      transaction where the same has or could reasonably be expected to have a
      material adverse effect on Parent and/or Buyer.

     

    
      	 	
              Contracts.

            

    

     

    Each
      Contract to which the Parent is a party that is material to the Parent or is
      otherwise material to the operation of the Parent’s business as presently
      conducted (collectively, the
“Parent’s Material
      Contracts”) is in full force and effect, constitutes a legal, valid and
      binding Agreement of the Parent and is enforceable in accordance with its
      terms as to the Parent, except as such enforceability may be limited by
      (a) bankruptcy, insolvency, reorganization, moratorium or similar laws
      relating to or affecting generally the enforcement of creditors’ rights and
      (b) the availability of remedies.  To Parent’s Knowledge, the
      Parent is not in violation or breach of or Default under any of Parent’s
      Material Contracts.

    

    
      	 	
              Intellectual
                Property.

            

    

     

    Parent
      is
      the legal owner or licensee of all intellectual property of the
      Parent.

     

    
      	 	
              Employee
                Matters.

            

    

     

    
      	
               

            	
              (a)

            	
              There
                is not presently pending or existing, and to the Knowledge of Parent
                or
                the Buyer, there is not threatened, any strike, slowdown, picketing,
                employee grievance process or other work stoppage or labor dispute
                involving the parent or the Buyer and no event has occurred or
                circumstance exists that may provide the basis for any such work
                stoppage
                or labor dispute.

            

    

    

    
      	
               

            	
              (b)

            	
              To
                the Knowledge of the Parent and the Buyer, there is not pending or
                threatened, any Proceeding against or affecting the parent or the
                Buyer
                relating to the alleged violation of any Law pertaining to labor
                relations
                or employment matters

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              Compliance.

            

    

    

    
      	
               

            	
              Buyer
                and Parent represent and warrant that the Buyer and the Parent conduct
                their respective business in accordance with all applicable Laws,
                including any applicable Laws relating to anti-competition, anti-trust,
                tax, commercial law, corporate law and anti-monopoly and the regulation
                thereof.

            

    

     

    
      	 	
              Legal
                Proceedings.

            

    

    

    
      	
               

            	
              The
                Buyer and Parent represent and warrant that there is no Proceeding
                pending
                against threatened against the Buyer or Parent, or relating to, affecting
                or arising in connection with it.  Neither Buyer nor Parent are
                subject to any Order that could be reasonably expected to materially
                impair the business or prospects of the Parent and/or its
                subsidiaries.

            

    

    

    
      	 	
              Title
                to Property.

            

    

    

    The
      Parent has good title to, or in the case of leased property and assets, has
      valid leasehold interests in all property and assets utilized by the Parent
      without Encumbrances (whether real, personal, tangible or intangible) reflected
      on the Parent’s Balance Sheet or thereafter acquired, except for (i) any
      Encumbrances as described in Schedule 7.15 and/or (ii) properties and
      assets sold or disposed of since the Parent’s Balance Sheet Date in the ordinary
      course of business consistent with past practices.

    

    
      	 	
              Tax
                Matters.

            

    

    

    
      	
               

            	
              (a)

            	
              All
                material Tax Returns required by Law to be filed by or on behalf
                of the
                Buyer and Parent have been filed.  All Taxes owed by the Buyer
                or Parent (whether or not shown as due on its Tax Returns) and due
                have
                been paid, except to the extent that a reserve for such Taxes has
                been
                reflected on the Financial Statements in accordance with US
                GAAP.

            

    

    

    
      	
               

            	
              (b)

            	
              No
                audits or other Proceedings exist with respect to any Taxes or Tax
                Returns
                of the Buyer or the Parent.  Neither the Buyer nor the Parent
                currently have any Tax deficiency proposed or assessed against it
                in
                writing by any Governmental
                Authority.

            

    

    

    
      	 	
              Insurance.

            

    

    

    The
      Buyer
      and the Parent have at all times maintained all insurances: (a) necessary for
      the proper conduct of the business of the Buyer and the Parent, in the ordinary
      course including insurance for the actions of and injury to employees; and
      (b)
      against all risks normally insured against by persons carrying on the same
      type
      of business as the Buyer and the Parent.  There is no claim
      outstanding under any insurance contract exceeding $10,000 and to the Knowledge
      of Buyer or Parent, there are no circumstances likely to give rise to a claim.
      No claim has been made under any insurance contract during the 12 months before
      the date of this Agreement.  The Buyer and the Parent have never had
      an insurance claim refused or been refused insurance coverage.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              Subsidiaries.

            

    

    

    
      	
               

            	
              The
                Parent has no other subsidiaries except for only the Buyer, 2WG Media,
                Inc. and Roveractive Ltd. The Parent does not directly or indirectly
                own
                any other equity or similar interest in, or any interest convertible
                or
                exchangeable or exercisable for, any equity or similar interest in,
                any
                corporation, partnership, joint venture or other business association
                or
                entity, other than the 21 shares of the Company which are owned by
                the
                Parent.

            

    

    

    
      	 	
              Brokers;
                Finders.

            

    

    

    
      	
               

            	
              No
                broker, investment bank, financial advisor or other person or entity
                is
                entitled to any broker’s, finder’s, financial advisor’s or other similar
                fee or commission in connection with the Contemplated Transactions
                based
                upon any arrangements made by or on behalf of the Parent or the
                Buyer.

            

    

    

    
      	
              8.  

            	
              COVENANTS
                OF SELLERS BEFORE CLOSURE

            

    

    

    
      	 	
              Operation
                of the Business of the Company.

            

    

    

     

    Between
      the date of this Agreement and the subsequent date that Buyer and Parent take
      control of the Company’s Board of Directors pursuant to Section 2.11 of this
      Agreement after the closing of Stage 1 of the Contemplated Transaction, except
      as otherwise specifically provided in  this Agreement, Sellers will
      ensure that the Company will:

     

    
      	
               

            	
              (a)

            	
              conduct
                the business of the Company only in the ordinary course of
                business;

            

    

     

    
      	
               

            	
              (b)

            	
              use
                all reasonable efforts to preserve intact the current business
                organization of the Company, keep available the services of the current
                officers, employees and agents of the Company, and maintain relations
                and
                goodwill with suppliers, customers, landlords, employees, agents
                and
                others having business relationships with the Company;
                and

            

    

     

    
      	
               

            	
              (c
                )

            	
              will
                not knowingly or intentionally be in breach or default of any obligation,
                duty or other matter and, in the event of any breach or default of
                any
                obligation, duty or other matter, the Sellers shall use all reasonable
                efforts to cure each and every such breach or
                default.

            

    

     

    
      	 	
              Access.

            

    

    

    
      	
              (a)  

            	
              From
                the date of this Agreement until the completion of Stage 1 of the
                Contemplated Transaction, Sellers will (i) permit Buyer, Parent and
                their
                authorized Representatives reasonable access to the offices, properties,
                books and records of the Company and its subsidiaries, and (ii) furnish,
                and cause the Company to furnish, to Buyer, Parent and their authorized
                Representatives such financial and operating data and other information
                relating to the Company and its subsidiaries as such persons may
                reasonably request; provided, however, that any such access will be
                during regular business hours and upon reasonable advance
                notice.  Sellers will instruct its employees, counsel and
                financial advisors to provide reasonable cooperation to Buyer, Parent
                and
                their authorized Representatives in its investigation of the Company
                and
                its subsidiaries.  Buyer and Parent will also have access to all
                personnel records of the Company and its subsidiaries, including
                records
                relating to information which in Sellers’ good faith opinion is sensitive
                or the disclosure of which could expose the Company and/or its
                subsidiaries to risk of liability.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	
              (b)  

            	
              On
                and after the execution hereof, Sellers will promptly afford to Buyer,
                Parent and their Representatives reasonable access to books of account,
                financial and other records, information, employees and auditors
                to the
                extent necessary in connection with any audit, investigation, dispute
                or
                litigation or any other reasonable business purpose relating to the
                Company and its subsidiaries; provided that any such access by
                Buyer, Parent and their Representatives will not unreasonably interfere
                with the conduct of the business of the Company.
                

            

    

     

    
      	 	
              Notice
                of Certain Events.

            

    

    

    Sellers
      and the Company shall comply with each of the following provisions of this
      Section 8.3 and Sellers will promptly notify Buyer and Parent in writing
      of:

    

    
      	
              (a)  

            	
              any
                notice or other communication for any person or entity alleging that
                the
                Consent of such person or entity is or may be required in connection
                with
                the Contemplated Transactions;

            

    

     

    
      	
              (b)  

            	
              any
                notice or other communication for any Governmental Body that is or
                may be
                required in connection with the Contemplated Transactions;
                and

            

    

     

    
      	
              (c)  

            	
              any
                Proceedings relating to the Sellers, the Company and/or its subsidiaries
                or any Order relating to Sellers or the Company and/or its subsidiaries
                that, if pending on the date of this Agreement, would have been required
                to have been disclosed pursuant to this
                Agreement.

            

    

     

    
      	
              (d)  

            	
              Regulatory
                and Other Approvals.

            

    

     

    Between
      the date of this Agreement and the subsequent date that Buyer and Parent take
      control of the Company’s Board of Directors pursuant to Section 2.11 of this
      Agreement after the closing of Stage 1 of the Contemplated Transaction, Sellers
      will, and will cause the Company and its subsidiaries to, (a) proceed
      diligently, expeditiously and in good faith as promptly as practicable to obtain
      all consents, approvals or actions of, to make all filings with and to give
      all
      notices to Governmental Bodies or Regulatory Authorities or any other person
      or
      entity required of Sellers, the Company and the subsidiaries to consummate
      the
      transactions contemplated hereby, (b) provide such other information and
      communications to such Governmental Bodies or Regulatory Authorities or other
      persons as such Governmental Bodies or Regulatory Authorities or other persons
      may reasonably request in connection therewith, and (c) cooperate with Buyer
      and
      Parent in obtaining all consents, approvals or actions of, making all filings
      with and giving all notices to Governmental Bodies or Regulatory Authorities
      or
      other persons or entities required of Buyer and/or Parent to consummate the
      Contemplated Transactions.  

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    Sellers
      will provide prompt notification to Buyer and Parent when any such consent,
      approval, action, filing or notice referred to in clause (a) above is obtained,
      taken, made or given, as applicable, and will advise Buyer and Parent in writing
      of any communications (and, unless precluded by law, provide copies of any
      such
      communications that are in writing) with any Governmental Bodies or Regulatory
      Authority or other person or entity regarding any of the Contemplated
      Transactions.  Buyer and Parent will proceed diligently, expeditiously
      and in good faith to endeavor to obtain as promptly as practicable all consents,
      approvals or actions of, to make all filings with and to give all notices to
      Governmental Bodies or Regulatory Authorities or any other person required
      of
      Buyer and/or Parent to consummate the transactions contemplated hereby, provide
      such other information and communications to such Governmental Bodies or
      Regulatory Authorities or other persons or entities as such Governmental Bodies
      or Regulatory Authorities or other persons or entities may reasonably request
      in
      connection therewith, and provide reasonable cooperation to Seller and the
      Company in obtaining all consents, approvals or actions of, making all filings
      with and giving all notices to Governmental Bodies or Regulatory Authorities
      or
      other persons required of Seller, the Company and/or its subsidiaries to
      consummate the Contemplated Transactions.  Buyer and/or Parent will
      provide prompt notification to one Representative of all the Sellers, as
      designated in writing to Buyer by all the Sellers prior to the date of this
      Agreement (the “Sellers’ Notification Representative”), when any such consent,
      approval, action, filing or notice referred to in clause (a) above is obtained,
      taken, made or given, as applicable, and will advise Sellers’ Notification
      Representative of any communications (and, unless precluded by law, provide
      copies of any such communications that are in writing) with any Governmental
      Bodies or Regulatory Authority or other person or entity regarding any of the
      Contemplated Transactions.

     

    (e)  Conduct
      of Business.  Between the date of this Agreement and the
      subsequent date that Buyer and Parent take control of the Company’s Board of
      Directors pursuant to Section 2.11 of this Agreement after the closing of Stage
      1 of the Contemplated Transaction, Sellers will cause the Company and its
      subsidiaries to conduct business only in the ordinary course. Without limiting
      the generality of the foregoing, Sellers will cause the Company and its
      subsidiaries to (a) preserve intact the present business organization and
      reputation of the Company and its subsidiaries in all material respects, (b)
      use
      their best efforts to keep available and retain the services of all employees
      of
      the Company and its subsidiaries and to encourage such employees to continue
      in
      the employment of the Company and/or its subsidiaries, (c) maintain the assets
      and properties of the Company and its subsidiaries in good working order and
      condition, subject to ordinary wear and tear, (d) maintain the good will of
      key
      customers, suppliers and lenders and other persons with whom the Company and/or
      its subsidiaries otherwise has significant business relationships, and (e)
      maintain the Company Intellectual Property and preserve all protections thereof,
      including but not limited to responding appropriately and in a timely manner
      to
      any office action issued by the United States Patent and Trademark Office and
      any similar entity in Australia and any other jurisdiction in which the Company
      and/or its subsidiaries conducts business or to any other inquiry by any other
      governmental or regulatory agency or any third party regarding the Company
      Intellectual Property.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    
      	
              (f)  

            	
              Certain
                Restrictions.  Except as otherwise specifically provided in
                this Agreement, between the date of this Agreement and the subsequent
                date
                that Buyer and Parent take control of the Company’s Board of Directors
                pursuant to Section 2.11 of this Agreement after the closing of Stage
                1 of
                the Contemplated Transaction, Sellers will cause the Company and
                its
                subsidiaries to refrain from the
                following:

            

    

     

    (i)
      amending its articles of incorporation or bylaws (or other comparable corporate
      charter documents) or taking any action with respect to any such amendment
      or
      any recapitalization, reorganization, liquidation or dissolution of any such
      corporation;

     

    (ii)
      authorizing, issuing, selling or otherwise disposing of any shares of capital
      stock of or any option, warrant or other right with respect to the capital
      stock
      of the Company or its subsidiaries, or modifying or amending any right of any
      holder of outstanding shares of capital stock of or options with respect to
      the
      Company and/or its subsidiaries;

     

    (iii)
      except for with respect to transfers to and from the Company’s central cash
      account made in the ordinary course of business, the Company and its
      subsidiaries shall not declare, set aside or pay any dividend or other
      distribution, directly or indirectly, nor directly or indirectly redeem,
      purchase or otherwise acquire any capital stock of or any option with respect
      to
      the Company or any of its subsidiaries;

     

    (iv)
      other than in the ordinary course of business, acquiring or disposing of, or
      incurring any Encumbrance on, any assets and properties;

     

    (v)
      entering into, amending, modifying, terminating (partially or completely),
      granting any waiver under or giving any consent with respect to any Contracts
      or
      IP Licenses that exceed ten thousand dollars (US$10,000) individually, or
      twenty-five thousand dollars (US$25,000) in the aggregate, or have a term
      exceeding six months, except for revenue related IP Licenses and other Contracts
      entered into in the ordinary course of business; provided, however, that the
      Buyer or Parent must approve in writing of each such Contract and/or IP License
      prior to the Company entering into such Contract and/or IP License;

     

    (vi)
      incurring or obtaining a draw on any indebtedness (including any indebtedness
      from Film Victoria) or (ii) other than as contemplated by this Agreement,
      purchasing, canceling, prepaying or otherwise providing for a complete or
      partial discharge in advance of a scheduled payment date with respect to, or
      waiving any right under, any indebtedness;

     

    (vii)
      engaging with any person or entity in any merger or other business combination
      or sale of assets ;or incurrence of any Encumbrances;

     

    (viii)
      making capital expenditures or commitments for additions to property, plant
      or
      equipment constituting capital assets or entering into any operating lease
      or
      other obligation in the aggregate in excess of ten thousand dollars
      (US$10,000);

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    (ix)
      except to the extent required by applicable law, making any material change
      in
      (A) any pricing, investment, accounting, financial reporting, inventory, credit,
      allowance or Tax practice or policy, or (B) any method of calculating any bad
      debt, contingency or other reserve for accounting, financial reporting or Tax
      purposes;

     

    (x)
      except to the extent required by applicable law, adopting, entering into or
      becoming bound by any material Benefit Plan, employment-related Contract or
      collective bargaining agreement, or amending, modifying or terminating
      (partially or completely) any such Benefit Plan, employment-related Contract
      or
      collective bargaining agreement;

     

    (xi)
      making any change in its fiscal year;

     

    (xii)
      causing or committing the damage, destruction, or loss of (whether or not
      covered by insurance) any property other than dispositions of property in the
      ordinary course of business;

     

    (xiii)
      making any loan or cash advance to, any director, officer, or
      employee;

     

    (xiv)
      granting any increase in the base compensation of any employee, officer,
      consultant or director;

     

    (xv)
      making any other change in employment terms that will be in force on the date
      of
      this Agreement or any time thereafter for any director, officer, employee or
      consultant;

     

    (xvi)
      initiating any lawsuit or similar grievance except in the ordinary course of
      business; or

     

    (xvii)
      entering into any Contract to do or engage in any of the foregoing.

     

    
      	
              (g)

            	
              Litigation.  From
                the date hereof through the subsequent date that Buyer and Parent
                take
                control of the Company’s Board of Directors pursuant to Section 2.11 of
                this Agreement after the closing of Stage 1 of the Contemplated
                Transaction, Sellers shall promptly notify Buyer and Parent of any
                investigations of which any Seller has Knowledge or any lawsuits,
                claims,
                notices of violation or proceedings that after the date hereof are
                commenced or, to the Knowledge of the Sellers, the Company and/or
                its
                subsidiaries threatened, against the Company and/or its
                subsidiaries.

            

    

     

    
      	
              (h)

            	
              Insurance.  From
                the date hereof through subsequent date that Buyer and Parent take
                control
                of the Company’s Board of Directors pursuant to Section 2.11 of this
                Agreement after the closing of Stage 1 of the Contemplated Transaction,
                Sellers shall maintain in force (including necessary renewals thereof)
                any
                insurance policies listed on Schedule 8.3(h) of this Agreement,
                except to the extent that they may be replaced with policies or
                self-insurance determinations appropriate to insure that the assets,
                properties and business of the Company to the same extent as currently
                insured.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              (i)

            	
              Exclusivity.  Neither
                Sellers nor any of their respective Affiliates, agents, or representatives
                will (and Sellers will not cause or permit the Company or its subsidiaries
                to) up through the completion of Stage 1 of the Contemplated Transaction
                and the transfer of all shares of the Company to the Buyer or Parent
                (i)
                solicit, initiate, or encourage the submission of any proposal or
                offer
                from any person or entity relating to the acquisition of any capital
                stock
                or other voting securities of the Company or its subsidiaries (other
                than
                pursuant to director and employee stock options and contractual
                obligations disclosed in Schedule 8.3(i) of this Agreement), or any
                substantial portion of the assets, of the Company or its subsidiaries
                (including any acquisition structured as a merger, consolidation,
                or share
                exchange) or (ii) participate in any discussions or negotiations
                regarding, furnish any information with respect to, assist or participate
                in, or facilitate in any other manner any effort or attempt by any
                person
                to do or seek any of the foregoing.  In addition, Sellers will
                not (i) transfer, sell, give, pledge or otherwise encumber any of
                the
                Shares or (ii) vote any of the Shares in favor of any such acquisition
                structured as a merger, consolidation, or share exchange, except
                only with
                the Buyer and Parent.  In the event this Agreement is terminated
                by the Sellers as provided herein, then this Section 8.3(i) shall
                be void
                at that time.

            

    

     

    
      	
              (j)

            	
              Termination
                of Benefits Plans.  Schedule 8.3(j) lists all Company
                Benefit Plans, with full and complete copies of all such plans being
                attached thereto and with the material provisions of each such plan
                being
                set forth in such Schedule. The Company, effective immediately prior
                to
                the date of Stage 1 of the Contemplated Transaction, shall by all
                necessary and appropriate action terminate all Company Benefit Plans
                (relating to the Company and/or its subsidiaries), except the Company's
                vacation and health plans, which shall be terminated as soon as coverage
                begins under Buyer's vacation and health plans, and shall terminate
                all
                administrative agreements, trust agreements, contracts and/or policies
                associated with all Company Benefit Plans, and shall commence all
                administrative actions as are necessary properly and legally to terminate
                such Company Benefit Plans, as demonstrated by documents or other
                evidence
                reasonably satisfactory to Buyer and
                Parent.

            

    

     

    8.4           Agreement
      Not to Solicit.  For the period beginning on the date of this
      Agreement and ending two (2) years after Closure, Sellers will not, without
      the
      prior written consent of each of Buyer and Parent (which consent may be withheld
      in the sole discretion of Buyer or Parent), solicit for employment any employee
      of the Company and/or any of its subsidiaries; for purposes of this paragraph,
      the term “solicit” shall be deemed not to include advertisements or other
      generalized employment searches, including advertisements in various media
      (including trade media) or any job posting system of Sellers, not specifically
      directed to employees of the Company and/or any of its subsidiaries and shall
      not include any action by Sellers following any response by any person to such
      advertisements or generalized searches.

     

    8.5           Non-Compete.

     

    (a)
      From the date of this Agreement and
      continuing for a period of two (2) years immediately following the Closure,
      Sellers covenant and agree that they will not:  (i) either themselves
      or through any Affiliate or representative or agent, engage, directly or
      indirectly, in any business or investment activity relating to entertainment
      software for computer and/or gaming consoles and/or the video game industry
      or
      (ii) directly or indirectly solicit any customer or supplier of the Company
      or
      its subsidiaries to cease doing business with such entity.

     

    (b)
      The restrictions set forth in
      paragraph (a) above shall be effective within all cities, counties, states,
      provinces and territories of the United States, Australia and all other
      countries in which either the Company, its subsidiaries and/or the Buyer and/or
      Parent has engaged in licensing or sales activities or otherwise conducted
      business or selling or licensing efforts during the two (2) years prior to
      the
      Closure, or currently has plans to begin such activities within the period
      ending two (2) years from the Closure.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    (c)
      Sellers agree that the terms and
      time period provided for, and the geographical area encompassed by, the
      covenants contained in paragraphs (a) and (b) above are necessary and reasonable
      in order to protect Buyer and Parent in the conduct of the business of the
      Company and its subsidiaries acquired by virtue of this Agreement.  If
      any court having jurisdiction at any time hereafter shall hold any provision
      or
      clause of this Section 8.5 to be unreasonable as to its scope, territory or
      term, and if such court in its judgment or decree shall declare or determine
      that scope, territory or term which such court deems to be reasonable, then
      such
      scope, territory or term, as the case may be, shall be deemed automatically
      to
      have been reduced or modified to conform to that declared or determined by
      such
      court to be reasonable.  In the event such court shall not determine
      the scope, territory or term which such court deems to be reasonable, then
      the
      scope, territory or term of this Section 8.5 shall be deemed to be the maximum
      amount permitted under the laws of the country that are most favorable to
      interpreting such scope, territory or term to be as broad as
      possible.  In the event of any conflict of the Laws of Australia and
      any state in the United States, then the Laws of any state in the United States
      that are most favorable to interpreting such broadest scope, territory or term
      shall be deemed to apply to this non-compete provisions contemplated by this
      Section 8.5.

     

    (d)
      It is expressly agreed that
      monetary damages would be inadequate to compensate Buyer and/or Parent for
      any
      breach by any Seller of Sellers’ covenants as set forth in this Section 8.5 and,
      accordingly, that in the event of any breach or threatened breach by any Seller
      of any such covenant, Buyer and Parent will be entitled to seek and obtain
      preliminary and permanent injunctive relief in any court of competent
      jurisdiction located in any state in the United States selected by Buyer or
      Parent, in addition to any other remedies at law or in equity to which Buyer
      and/or Parent may be entitled, and each Seller hereby agrees to personal
      jurisdiction and venue in such court of competent jurisdiction selected by
      Buyer
      or Parent.

     

    8.6           Investor
      Representation Statement.  The parties hereto acknowledge and
      agree that the portion of the Purchase Price consisting of shares of Parent
      Common Stock issuable to the Sellers shall constitute “restricted securities”
within the meaning of the Securities Act of 1933, as amended, and the rules
      and
      regulations promulgated thereunder (collectively, the “Securities
      Act”).  The certificates of Parent Common Stock evidencing the
      Stock Payment portion of the Purchase Price shall bear the legends set forth
      in
      Section 8.7 below.  Each Seller will execute and deliver to Parent an
      Investor Representation Statement in the form attached hereto as Exhibit
      C.  It is acknowledged and understood that Parent is relying on
      the written representations made by each Seller in the Investor Representation
      Statements.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    8.7           Certificate
      Legends.  The Stock Payment portion of the Purchase Price to be
      issued by Parent to the Sellers pursuant to this Agreement shall not have been
      registered and shall be characterized as “restricted securities” under the
      federal securities laws of the United States of America, including the
      Securities Act,, and under such laws such shares may be resold without
      registration under the Securities Act only in certain limited
      circumstances.  Each certificate evidencing shares of Parent Common
      Stock issued as all or any portion of the Stock Payment portion of the Purchase
      Price shall bear the following legend and any additional legends required under
      any and all applicable laws:

     

    “THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT
      PURPOSES ONLY, WITHOUT ANY VIEW TOWARDS RESALE AND HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933.  SUCH SHARES MAY NOT BE SOLD OR
      OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION WITHOUT AN EXEMPTION
      UNDER THE SECURITIES ACT OR AN OPINION OF LEGAL COUNSEL REASONABLY ACCEPTABLE
      TO
      THE RED MILE ENTERTAINMENT, INC. THAT SUCH REGISTRATION IS NOT
      REQUIRED.”

     

    8.8                 Compliance
      with U.S. Securities Laws.  The Sellers each and all agree to
      comply with all requirements of the federal securities laws of the United
      States, including but not limited to Regulation FD, insider trading rules,
      and
      the requirements under Rule 144.

     

    
      	
              9.  

            	
              COVENANTS
                OF BUYER AND PARENT BEFORE
                CLOSURE

            

    

    

    
      	 	
              Operation
                of the Business of the Buyer and
                Parent.

            

    

    

     

    Between
      the date of this Agreement and the completion of Stage 1 of the Contemplated
      Transaction, Buyer and Parent will ensure that the Buyer and the Parent
      will:

     

    
      	
               

            	
              (a)

            	
              conduct
                the business of the Buyer, the Parent and its subsidiaries only in
                the
                ordinary course of business and conduct the business of the Company
                and
                its subsidiaries after completion of Stage 1 of the Contemplated
                Transaction only in the ordinary course of
                business;

            

    

     

    
      	
               

            	
              (b)

            	
              use
                all reasonable efforts to preserve intact the business organization
                of
                Buyer, Parent and its subsidiaries, keep available the services of
                the
                current officers, employees and agents, and maintain relations and
                goodwill with suppliers, customers, landlords, employees, agents
                and
                others having business relationships with the Buyer and the Parent,
                and
                after the completion of Stage 1 of the Contemplated Transaction,
                to use
                reasonable efforts to achieve the same results for the Company and
                its
                subsidiaries; and

            

    

     

    
      	
               

            	
              (c)

            	
              not
                knowingly or intentionally be in breach or default of any obligation,
                duty
                or other matter and, in the event of any breach or default of any
                obligation, duty or other matter, the Buyer and/or Parent shall use
                all
                reasonable efforts to cure each and every such breach or
                default.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	
              Notice
                of Certain Events.

            

    

    

    Buyer
      and
      Parent shall comply with each of the following provisions of this Section 9.2
      and will promptly notify Sellers of:

    

    (a)
      any
      notice or other communication for any person or entity alleging that the Consent
      of such person or entity is or may be required in connection with the
      Contemplated Transactions;

     

    (b)
      any
      notice or other communication for any Governmental Body that is or may be
      required in connection with the Contemplated Transactions;

     

    (c)
      any
      Proceedings relating to the Buyer and/or Parent or any Order relating to Buyer
      and/or Parent that, if pending on the date of this Agreement, would have been
      required to have been disclosed pursuant to this Agreement; and

     

    (d)
      any
      regulatory approvals relating to the Contemplated Transactions.

     

    Buyer
      and
      Parent will make all reasonable efforts in good faith to obtain all necessary
      regulatory consent and approvals regarding the Contemplated Transactions and
      will keep Sellers informed of all such efforts.

     

    
      	
              (e)

            	
              Litigation.  From
                the date hereof through to Stage 3 of the Contemplated Transactions,
                Buyer
                and Parent shall promptly notify Sellers of any investigations of
                which
                any Buyer or Parent has Knowledge or any lawsuits, claims, notices
                of
                violation or proceedings that after the date hereof are commenced
                or, to
                the Knowledge of the Buyer or Parent and/or its subsidiaries threatened,
                against the Buyer or Parent.

            

    

     

    
      	
              (f)

            	
              Insurance.  From
                the date hereof through to Stage 3 of the Contemplated Transactions,
                Buyer
                and/or Parent shall maintain in force (including necessary renewals
                thereof) all insurance policies referred to in Section 7.17, except
                to the
                extent that they may be replaced with policies or self-insurance
                determinations appropriate to insure that the assets, properties
                and
                business of the Company to the same extent as currently
                insured.

            

    

     

    

    
      	
              10.  

            	
              COVENANTS
                OF SELLERS, PARENT AND
                BUYER

            

    

    

    Sellers,
      Parent and Buyer agree that:

    

    
      	 	
              Reasonable
                Best Efforts; Further
                Assurances.

            

    

    

    Subject
      to the terms and conditions of this Agreement, Sellers, Parent, Buyer and the
      Company will use their respective reasonable best efforts and act in good faith
      to take, or cause to be taken, all actions and to do, or cause to be done,
      all
      things necessary or desirable under applicable Laws to consummate the
      Contemplated Transactions.  

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Without
      limiting the generality of the preceding sentence, after the completion of
      Stage
      1 of the Contemplated Transactions, Buyer will cause the Company to appoint
      such
      directors and statutory auditors as may be necessary to ensure that the Company
      complies at all times with the Company’s obligation under applicable Laws and
      the Company’s Governing Documents to elect a minimum number of directors and
      statutory auditors and will promptly take such action as is necessary to have
      the Company’s registration records updated to reflect any resignations delivered
      in accordance with Section 2.11.

    

    
      	 	
              Certain
                Filings.

            

    

    

    Sellers,
      Parent, Buyer and the Company will cooperate with each other (a) in determining
      whether any action by or in respect of, or filing with, any Governmental Body
      is
      required, or any Consents are required in connection with the consummation
      of
      the Contemplated Transactions, and (b) in taking such actions or making any
      such
      filings, furnishing information required in connection with obtaining such
      Consents and seeking timely to obtain such Consents.

    

    
      	 	
              Public
                Announcements.

            

    

    Sellers, Parent
      Buyer and the Company agree to consult with each other before issuing any press
      release or making any public statement with respect to this Agreement and will
      not issue any such press release prior to such consultation; provided,
      however, that, Sellers and the Company shall not issue any public
      announcement or press release prior to any press release or filing under the
      federal securities laws by Parent which may be required as a result of the
      parties entering into this Agreement and/or the performance by Parent of the
      Contemplated Transactions; and provided, further that with respect to any press
      releases or public announcements the making of which may be required by any
      applicable Law, or SEC regulation or any listing agreement with any national
      securities exchange, then reasonable prior written notice to the other party
      will suffice.

    

    
      	 	
              Confidentiality.

            

    

    

    Between
      the date of this Agreement and until such time as the party providing any
      confidential, non-public information under this Agreement makes such information
      public after Closure, the Sellers, Parent, Buyer and the
      Company will maintain in confidence, and will cause their
      Representatives to maintain in confidence, and not use to the detriment of
      any
      party any information furnished by a party in connection with this Agreement
      (such information being “Confidential Information”), unless (a)
      such information is already legally known to such party other than as a result
      of disclosure thereof under this Agreement or already legally known to others
      not bound by a duty of confidentiality or such information becomes publicly
      available through no fault of such party, (b) the use of such information is
      necessary or appropriate as determined by the formal written opinion of the
      independent legal counsel for the party seeking such use and disclosure in
      making any filing or obtaining any Consent required for the consummation of
      the
      Contemplated Transactions, in which case the party desiring to use such
      information in such manner shall first consult with the party that provided
      such
      Confidential Information and allow such party to either publicly disclose such
      Confidential Information prior to its use in making any filing or obtaining
      any
      Consent required for the consummation of the Contemplated Transactions or to
      legally oppose such disclosure in a court of competent jurisdiction or (c)
      the
      furnishing or use of such information is required by or necessary or appropriate
      in connection with any Proceeding; provided, however, that prior to the use
      of
      disclosure of such Confidential Information in any such Proceeding, the party
      seeking to make sure disclosure shall give written notice to and provide a
      reasonable opportunity to the party’s seeking to protect its Confidential
      Information to legally oppose such disclosure in such Proceedings.  If
      the Contemplated Transaction is not consummated, each party will return or
      destroy as much Confidential Information as the other party may reasonably
      request.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    10.5           Obligations
      of Buyer and Parent.

    

    The
      obligations of Buyer and Parent pursuant to this Agreement are subject to the
      fulfillment, at or before each of the date of this Agreement and for a
      continuous period of twelve (12) months from the date of completion of Stage
      1
      of the Contemplated Transaction, unless Stage 3 of the Contemplated Transaction
      occurs on a date which is after such 12-month period, in which case such
      obligations shall continue until the completion of Stage 3 of the Contemplated
      Transaction ( “Fulfillment Period”), of each of the following conditions (all or
      any of which may be waived in whole or in part by Buyer and Parent in their
      sole
      discretion):

    

    
      	
              a.  

            	
              Representations
                and Warranties.  The representations and warranties made by
                the Company and Sellers in this Agreement and all the disclosure
                Schedules, shall be true and correct as of the date of this Agreement
                and
                as of the closing of Stage 1 of the Contemplated Transaction or,
                in the
                case of representations and warranties made as of a specified date
                earlier
                than the date of this Agreement, then on and as of such earlier date,
                except where the failure of such representations and warranties to
                be true
                and correct could not reasonably be expected to have a Material Adverse
                Effect on the Company or the
                Shares.

            

    

     

    
      	
              b.  

            	
              Performance.  The
                Company and the Sellers in all material respects shall have performed
                and
                complied with, the agreements, covenants and obligations required
                by this
                Agreement to be so performed or complied with by the Company or Sellers
                at, before and as of the closing of Stage 1 of the Contemplated
                Transaction.

            

    

     

    
      	
              c.  

            	
              Confirmation
                Certificates.  On the date of this Agreement and on the date
                of Stage 1 of the Contemplated Transaction, the Company and the Sellers
                shall have delivered to Buyer and Parent: (i) a certificate, dated
                on each
                such date and executed by the Sellers and an executive officer of
                the
                Company, certifying to the satisfaction of the conditions set forth
                in
                Sections 10.5(a) and 10.5(b) above and (ii) a certificate, dated
                on each
                such date and executed by the Secretary or any Assistant Secretary
                of the
                Company, certifying as to the truth and accuracy of, and attaching
                copies
                of the certificate or articles of incorporation, bylaws and all board
                resolutions adopted in connection with this Agreement, of the Company
                and
                its subsidiaries, in each case in a form reasonably satisfactory
                to Buyer
                and Parent.

            

    

     

    
      	
              d.  

            	
              Third
                Party Consents and Releases.  The consents (or in lieu
                thereof waivers), including, but not limited to, any releases relating
                to
                intellectual property, real estate or otherwise, as listed in any
                disclosure Schedules provided under this Agreement, shall have been
                obtained and shall be in full force and
                effect.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              e.  

            	
              Investor
                Representation Statement.  Each Seller shall have delivered
                to Parent a signed Investor Representation Statement in substantially
                the
                form attached hereto as Exhibit C and each such Investor
                Representation Statement shall be and remain in full force and
                effect.  

            

    

     

    
      	
              f.  

            	
              Financial
                Statements.  Buyer and Parent shall have received a true and
                complete copies of: (i) the Company Financial Statements, (ii) the
                Company
                Balance Sheet, together with such notes as would be necessary for
                such
                reader to understand such balance sheet; and (iii) the unaudited
                balance
                sheet and income statement of the Company as of June 30, 2007, and
                each
                month thereafter until the date that Buyer and Parent take control
                of the
                Company’s Board of Directors pursuant to Section 2.11 of this Agreement
                after the closing of Stage 1 of the Contemplated
                Transaction.  All due diligence and audits of the Company and
                the Sellers shall not contain any materially adverse information
                relating
                to the Company and/or the Shares occurring at any time prior to the
                date
                that Buyer and Parent take control of the Company’s Board of Directors
                pursuant to Section 2.11 of this Agreement after the closing of Stage
                1 of
                the Contemplated Transaction.

            

    

     

    
      	
              g.  

            	
              General
                Release.  Each Seller and each director, officer and key
                employee of the Company and its subsidiaries as required by Buyer
                and
                Parent shall have executed and delivered a general release, substantially
                in the form attached hereto as Exhibit D, of any claims against the
                Company (except as any claim relates to indemnification or employment
                arrangements between the Company and such individual) in a form reasonably
                satisfactory to Buyer and Parent.

            

    

     

    
      	
              h.  

            	
              Resignations.  The
                directors of the Company and its subsidiaries shall have resigned
                from
                such positions, subject to the provisions of Section 2.11 whereby
                the
                Parent and the Buyer shall reappoint certain of the directors of
                the
                Company to continue to serve on the Board of Directors of the Company
                after the Closing.

            

    

     

    
      	
              i.  

            	
              Stockholder
                Approval.  Parent shall have received any required approval
                by its stockholders of this Agreement and the transactions contemplated
                hereby.

            

    

     

    
      	
              j.  

            	
              Repayment
                of Indebtedness.

            

    

     

    All
      notes
      or other debt payable to any Seller which are outstanding on the date hereof
      shall be paid in full by the Company prior to the commencement of Stage 1 of
      the
      Contemplated Transaction.  All outstanding obligations to That Game
      shall be paid in full prior to the commencement of Stage 1 of the Contemplated
      Transaction.  On or prior to the commencement of Stage 1 of the
      Contemplated Transaction, all notes or other debt payable to the Kinlock Family
      Trust (if applicable) which are outstanding on the date hereof and thereof
      shall
      be paid in full.

     

    k.           Key
      Employees and Consultants.  All employees and consultants of the
      Company and its subsidiaries that are designated by Buyer and Parent to be
      key
      employees and/or key consultants of the Company and/or its subsidiaries shall
      have entered into agreements with the Buyer and Parent in the form attached
      hereto as Exhibit E to remain employed with or retained by the Company and/or
      its subsidiaries on such terms and conditions as the Buyer and Parent shall
      determine.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    l.           Assignment
      of all Rights to Heroes of the Pacific.  Prior to Stage 1 of the
      Contemplated Transaction, the Company and Ben Byron Palmer shall have caused
      the
      Company to be the sole and exclusive owner of all Intellectual Property Rights,
      including but not limited to all software codes, trademarks and tradenames,
      with
      respect to “Heroes Of The Pacific” with no obligations (financial or otherwise)
      being due or owing as a result thereof to any person or entity.  Ben
      Byron Palmer and That Game shall have first provided to the Parent with all
      written evidence of the completed transfer to the Company prior to Stage 1
      of
      the Contemplated Transactions of all Intellectual Property Rights, including
      but
      not limited to all software codes, trademarks and tradenames, with respect
      to
“Heroes Of The Pacific” with no other obligations (financial or otherwise) being
      due or owing as a result thereof to any person or entity
      whatsoever.  The foregoing actions of Ben Byron Palmer and That Game
      shall include but not be limited to the following: (i) the License Agreement
      between That Game and IRGI, dated October 2003, shall be terminated prior to
      Stage 1 of the Contemplated Transaction, (ii) the “Relationship Deed between
      IRGI and That Game,” dated February 6, 2004, shall be terminated prior to Stage
      1 of the Contemplated Transaction and no amounts shall be due or owning under
      that agreement, (iii) the License Agreement between That Game and IRGI, dated
      February 6 2004, shall be terminated prior to Stage 1 of the Contemplated
      Transaction, and (iv) Ben Byron Palmer and That Game shall execute a written
      release of the Company from any and all claims under the aforementioned
      agreements to confirm that no obligations remain thereunder prior to Stage
      1 of
      the Contemplated Transaction.

    

    m.           Governmental
      Grant.  Any funds received or to be received by the Company from
      any entity affiliated with the Australian government and/or any agency thereof
      shall be a non-recourse grant, which amount has no repayment or interest
      obligations relating thereto.

    

    10.6           Obligations
      of Sellers.  The obligations of Sellers pursuant to this Agreement
      are subject to the fulfillment, at or before the Closing, of each of the
      following conditions (all or any of which may be waived in whole or in part
      by
      Sellers in the sole discretion of the Sellers’ Representative):

    

               (a)
      Representations and Warranties.  The representations and
      warranties made by Buyer and Parent in this Agreement, shall be true and correct
      on and as of the date of this Agreement, the date of Stage 1 of the Contemplated
      Transactions, the date of Stage 2 of the Contemplated Transactions and the
      date
      of Stage 3 of the Contemplated Transactions or, in the case of representations
      and warranties made as of a specified date earlier than the date of this
      Agreement, on and as of such earlier date, except where the failure of such
      representations and warranties to be true and correct could not reasonably
      be
      expected to have a material adverse effect on the Buyer or Parent.

     

    (b)
      Performance.  Buyer and Parent in all material respects shall have
      performed and complied with, the agreements, covenants and obligations required
      by this Agreement to be so performed or complied with by Buyer and parent at
      or
      before the Closure.

     

               (c)
      Officers’ Certificates.  Buyer and Parent shall have delivered to
      Sellers a certificate, dated the date of Stage 1 of the Contemplated Transaction
      and executed by any proper officer of each of Buyer and Parent, certifying
      as to
      the satisfaction of the conditions set forth in Sections 10.6(a) and 10.6(b)
      above.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    10.7           Fulfillment
      of Conditions.  Each part will use its best efforts to satisfy
      each condition to the obligations contained in this Agreement and will not
      take
      or fail to take any action that could reasonably be expected to result in the
      nonfulfillment of any such condition.  Each party shall give prompt
      written notice to each other party of any event, condition or circumstance
      occurring from the date hereof through the Closure that would cause the
      representations and warranties contained in this Agreement to become untrue
      in
      any material respect or that would constitute a material violation or breach
      of
      this Agreement.  Any disclosure made pursuant to this Section 10.7
      shall not be deemed to amend or supplement this Agreement or any of the
      disclosure Schedules hereto, nor to prejudice any right of a party to a claim
      for indemnity under this Agreement and/or to pursue all legal remedies against
      the other parties, nor to prevent or cure any misrepresentation or breach of
      this Agreement.  Notwithstanding the foregoing, the delivery of any
      written notice pursuant to this Agreement shall not (a) constitute an admission
      that such an event has occurred or (b) limit or otherwise effect any remedies
      or
      defenses available to the parties to this Agreement.

     

    

    
      	
              11.  

            	
              INDEMNIFICATION;
                REMEDIES

            

    

    

    
      	 	
              Survival
                of Representations, Warranties and
                Covenants.

            

    

    
      	
               

            	 

    

    
      	
               

            	
              The
                representations and warranties of Sellers, Parent or Buyer contained
                in
                this Agreement will survive Stage 1 of the Contemplated Transaction
                and
                consummation of the Contemplated Transactions, subject to the limitations
                contained in this Section 11 and Section
                12.

            

    

    

    11.2           Indemnification
      by the Parties.

    

    Subject
      to the provisions of this Section, Sellers will indemnify and hold harmless
      Buyer, Parent and each of their respective Affiliates (including for this
      purpose the Company) and their respective officers, directors, employees,
      agents, successors and assigns from and against any and all Liabilities, costs,
      losses, damages, fines, penalties, Taxes, judgments, amounts paid in settlement,
      lawsuits, deficiencies, claims and expenses (including reasonable fees and
      disbursements of attorneys and other professionals, including third-party
      consultants and, to the extent allowable at Law, medical monitoring costs and
      expenses) of every kind and nature (collectively, “Damages”)
      incurred in connection with, arising out of, resulting from or incident to
      any
      breach of a representation, warranty, covenant or agreement of
      Sellers and/or the Company and/or its subsidiaries made in or under
      this Agreement. Subject to the provisions of this Section, Buyer and
      Parent will indemnify, defend and hold harmless Sellers and their respective
      successors and assigns from and against any and all Damages incurred in
      connection with, arising out of, resulting from or incident to any breach of
      a
      representation, warranty, covenant or agreement made by Buyer and/or Parent
      in
      or under this Agreement.

     

    
      	 	
              [INTENTIONALLY
                OMITTED].

            

    

    

    
      	 	
              Procedure
                for Claims.

            

    

    A
      party
      entitled to indemnification under this Section (an “Indemnified
      Party”) must give the person obligated to indemnify under such Section
      (an “Indemnifying Party”) prompt written
      notice (an “Indemnification Claim Notice”) of any Damages or
      discovery of fact upon which such Indemnified Party intends to base a request
      for indemnification under this Section.  

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    Failure
      to give any such Indemnification Claim Notice will not constitute a waiver
      of
      any right to indemnification or reduce in any way the indemnification available
      hereunder, except to the extent such failure to notify directly increases the
      amount to be indemnified hereunder.  Each Indemnification Claim Notice
      must contain a description of the claim and the nature and amount of such
      Damages (to the extent that the nature and amount of such Damages are known
      at
      such time).  The Indemnified Party must furnish promptly to the
      Indemnifying Party copies of all papers and official documents received in
      respect of any Damages.  

     

    
      	 	
              Procedure
                for Indemnification - Defense of Third-party
                Claims.

            

    

    

    
      	
               

            	
              Promptly
                after receipt by an Indemnified Party of notice of the assertion
                of a
                third-party claim, including any Governmental Body claim, against
                it, the
                Indemnified Party will, if a claim is to be made against an Indemnifying
                Party, give notice to the Indemnifying Party of the assertion of
                such
                claim.  The Indemnifying Party will have 15 days after receipt
                of the notice to elect to defend the claim with the Indemnified Party’s
                cooperation, and if the Indemnifying Party so elects, the Indemnified
                Party will undertake, through counsel chosen in consultation with
                the
                Indemnifying Party and at the expense of the Indemnifying Party,
                the
                settlement or defense thereof; provided, however, that any
                such settlement will be subject to the consent of the Indemnifying
                Party,
                which consent will not be unreasonably withheld.  If the
                Indemnifying Party does not notify the Indemnified Party within 15
                days
                after receipt of the Indemnified Party’s notice of a claim of indemnity
                hereunder that the Indemnifying Party elects to defend the claim
                with the
                Indemnified Party’s cooperation, or the Indemnifying Party ceases to
                reasonably contest such claim in good faith, the Indemnified Party
                will
                have the right to contest, settle or compromise the claim in its
                exclusive
                discretion at the expense of the Indemnifying Party.  Nothing
                contained in this Section 11.5 will be construed as a limitation of
                the right of any party to indemnification under this
                Agreement.

            

    

    

    
      	 	
              Limitations
                on Amount and Time.

            

    

    

    Neither
      Sellers, Parent nor Buyer will be liable for any Damages pursuant to claims
      arising under this Agreement based upon the breach or violation of any
      representation or warranty or any covenant or Agreement until the aggregate
      amount of such Damages exceeds $50,000 and then only for the amount by
      which the aggregate amount of such Damages exceeds $50,000; provided, however,
      that no party shall be liable to the other parties for any Damages which exceed
      the Purchase Price amount of $5,500,000.00; and provided, further, that (i)
      in
      the event of a breach of this Agreement by the Company or the Sellers in which
      the Parent or Buyer terminates this Agreement, then each Seller shall only
      be
      liable to repay to the Parent and the Buyer the amount of the Purchase Price
      consideration that each Seller has received under this Agreement as of the
      date
      of such termination of this Agreement; and (ii) in the event of a breach of
      this
      Agreement by the Company or the Sellers in which the Parent or Buyer does not
      terminate this Agreement, then each Seller shall only be liable up to the
      portion of the Purchase Price which such Seller is entitled to receive under
      this Agreement, with each Seller being obligated to repay to the Parent and
      the
      Buyer the sum of (A) the amount of the Purchase Price consideration that each
      Seller has received under this Agreement and (B) the waiver by each Seller
      or
      any other portions of the Purchase Price which each Seller is entitled to
      receive under this Agreement.  

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    Any
      right
      for indemnification shall be exercised not later than the first anniversary
      of
      the completion of Stage 3 of the Contemplated Transaction Date; provided,
      however, that with respect to any proceedings related to any Taxes or any matter
      which can be shown to have resulted from the willful or knowing failure of
      a
      party to make any required disclosure required under this Agreement which could
      have resulted in the avoidance, in whole or substantial part, of such Damages,
      then the right of indemnification under this Section 11 and Section 12.2 shall
      be exercisable throughout the statute of limitations period relating thereto
      by
      the party that reasonably believes it will incur Damages as a result
      thereof.  Sellers will not be liable for any Damages (A) pursuant to
      claims arising under this Agreement if the breach or violation of the
      representation or warranty giving rise to the claim is disclosed in writing
      to
      the Buyer and Parent in reasonable detail in a Schedule attached to this
      Agreement, (B) caused by any action of Buyer or Parent, or (C) arising from
      or
      in connection with any change of any Law.

     

    
      	
              12.  

            	
              TAX
                MATTERS

            

    

    

    
      	 	
              Cooperation
                and Exchange of Information.

            

    

    

    
      	
               

            	
              (a)

            	
              Buyer,
                Parent and Sellers and their respective Affiliates will reasonably
                cooperate in the preparation of all Tax Returns or amendments thereto
                and
                any audit, or other examination, or any judicial or administrative
                Proceeding relating to Taxes.

            

    

    

    
      	
               

            	
              (b)

            	
              Prior
                to Closure, Sellers will provide or cause the Company to provide
                timely
                notice to Buyer and Parent in writing of any pending or proposed
                audit or
                assessment with respect to Taxes.  Prior to Closure, Sellers
                will extend reasonable efforts to procure that Buyer and Parent are
                given
                reasonable opportunity to take part in all Tax audits and all meetings
                with any Taxing authority in the context of Tax audits, disputes
                and Tax
                assessments, and to present its position to any Taxing authority
                in
                writing. The Company will furnish Buyer and Parent with copies of
                all
                relevant correspondence received from any Taxing authority in connection
                with any Tax audit

            

    

    

    
      	 	
              Survival.

            

    

    The
      covenants and agreements of the parties contained in this Section and the
      representations and warranties contained in this Agreement will remain in full
      force and effect notwithstanding Closure.

    

    
      	 	
              Expenses.

            

    

    Each
      party will bear its respective expenses incurred in connection with the
      preparation, execution and performance of this Agreement and the Contemplated
      Transactions, including all fees and expenses of its attorneys, accountants
      and
      Representatives.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              Notices.

            

    

    All
      notices, consents, waivers and other communications under this Agreement will
      be
      in writing and will be deemed given to a party when (a) delivered to the
      appropriate address by hand or by nationally recognized overnight courier
      service (costs prepaid); (b) sent by facsimile or e-mail with confirmation
      of
      transmission by the transmitting equipment; or (c) received or rejected by
      the
      addressee, if sent by certified mail, return receipt requested; in each case
      to
      the following addresses, facsimile numbers or e-mail addresses and marked to
      the
      attention of the individual (by name or title) designated below (or to such
      other address, facsimile number, e-mail address or individual as a party may
      designate by notice to the other party in conformity with this
      Section):

    

    If
      to
      Buyer and/or Parent:

    

    Attention:
      Ben Zadik

    Address:  Red
      Mile Entertainment, Inc.

    4000
      Bridgeway, Suite 101

    Sausalito,
      California  94965

    Tel:
      415-339-4243

    Fax:
      415-339-4249

    

    If
      to
      Sellers:

     

    Nathan
      Eric Murphy

    Address:
      Unit 2, 14 Collins Close

    Keilor
      East, Victoria Australia 3033

    Tel:              613
      9336 0097

    Fax:              N/A

    Email:
      nmurphy@unlimtedmail.org

    

    Michael
      Thomas Fegan

    Address:
      5 Caroline Street South,

    South
      Yarra Victoria, Australia3141

    Tel:          
      +613 9821 4491

    Fax:          
      N/A

    Email:
      mike@thefegans.com

    

    Andrew
      Geoffrey Niere

    Address:
      22 Liardet Street

    Port
      Melbourne, Victoria Australia  3207

    Tel:           +613
      9646 5031

    Fax:           N/A

    Email:
      andrewniere@optusnet.com.au

    

    Craig
      Philip Laughton

    Address:
      2/743 Nepean Hwy

    Brighton
      East, Victoria Australia 3187

    Tel:              +613
      9593 2078

    Fax:              N/A

    Email:
      claughton@novell.com

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    Ben
      Byron
      Palmer

    Address:
      1 Ballarat Street, Brunswick

    Victoria,
      Australia 3056

    Tel:              +613
      9387 2824

    Email:
      benp@thatgame.com

    

    Ian
      George Cunliffe

    Address:
      146 Faraday Street

    Carlton,
      Victoria, Australia 3053

    Tel:              +613
      9348 0908

    Email:           ian.cunliffe@nwmelb.com.au

    

    Votraint
      No. 651 PTY LTD.

    Address:
      146 Faraday Street

    Carlton,
      Victoria, Australia
      3053

    Tel:              +613
      9348 0908

    Email:           ian.cunliffe@nwmelb.com.au

    

    
      	 	
              Incorporation
                of Schedules and Exhibits.

            

    

    

    The
      Schedules and Exhibits identified in this Agreement are incorporated herein
      by
      reference and made a part of this Agreement.

    

    
      	 	
              Entire
                Agreement and Modification.

            

    

    

    
      	
               

            	
              This
                Agreement supersedes all prior agreements among the parties with
                respect
                to its subject matter (including the Non-disclosure Agreement between
                Parent and Sellers dated 19 April 2006 as may be amended or extended)
                and
                constitutes (along with the documents delivered pursuant to this
                Agreement) a complete and exclusive statement of the terms of the
                Agreement between the parties with respect to its subject
                matter.  This Agreement may not be amended, supplemented or
                otherwise modified except in a written document executed by the party
                against whose interest the modification will
                operate.

            

    

    

    
      	 	
              Severability.

            

    

    

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

    

    
      	 	
              Assignments,
                Successors, and No Third Party
                Rights.

            

    

    

    No
      party
      may assign any of its rights or delegate any of its obligations under this
      Agreement without the prior written consent of the other
      party.  Nothing expressed or referred to in this Agreement will be
      construed to give any person or entity, other than the parties to this
      Agreement, any legal right, remedy or claim under or with respect to this
      Agreement or any provision of this Agreement except such rights as may inure
      to
      a successor or permitted assignee pursuant to this Section 12.8.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              Waiver.

            

    

    

    Neither
      any failure nor any delay by a party in exercising any right, power or privilege
      under this Agreement or any of the documents referred to in this Agreement
      will
      operate as a waiver of such right, power or privilege, and no single or partial
      exercise of any such right, power or privilege will preclude any other or
      further exercise of such right, power or privilege or the exercise of any other
      right, power or privilege.

    

    
      	 	
              Governing
                Law and Jurisdiction; Non-Binding Arbitration or
                Mediation.

            

    

    

    This
      Agreement will be governed by and construed under the laws of the State of
      Delaware, United States of America, without regard to conflicts of laws
      principles that would require the application of any other law, with all
      proceedings of any type under this Agreement being conducted in a court of
      competent jurisdiction located in the State of California, United States of
      America, with all the parties to this Agreement agreeing to personal
      jurisdiction and venue in such court.  Prior to any party to this
      Agreement filing for any legal action in a court of law as provided in the
      preceding sentence, the parties agree to use their good faith efforts to attempt
      to resolve any dispute between them by engaging in non-binding arbitration
      or
      mediation at the Law Institute of Victoria located in Australia.  In
      the event the parties nevertheless thereafter engage in litigation in a court
      of
      competent jurisdiction located in the State of California, United States of
      America, then the non-prevailing party in such litigation shall reimburse the
      prevailing party for all costs and expenses incurred by the prevailing party
      in
      such litigation, including reasonable attorneys fees.

     

    

    
      	 	
              Counterparts;
                Language.

            

    

    

    This
      Agreement may be executed in one or more counterparts.  All matters
      and proceedings under this Agreement shall be conducted in the English
      language.

    

    
      	
              13.  

            	
              TERMINATION

            

    

    

    This
      Agreement may be terminated, and the transactions contemplated hereby may be
      abandoned:

    

    (a)           at
      any time before Stage 1 of the Contemplated Transaction, by Sellers, Parent
      or
      Buyer, in the event that any Order or law becomes effective restraining,
      enjoining or otherwise prohibiting or making illegal the consummation of any
      of
      the transactions contemplated by this Agreement, upon notice to the
      non-terminating party by the terminating party; 

     

     (b)           at
      any time before the completion of Stage 1 of the Contemplated Transaction,
      by
      Sellers, by notice to Buyer and Parent, in the event of a breach of this
      Agreement by Buyer or Parent which if uncured would cause one or more of the
      conditions to Closure set forth in this Agreement not to be satisfied and which
      remains uncured for ten (10) Business Days after written notice thereof is
      given
      to Buyer and Parent by the Sellers; or

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (c)           at
      any time before the completion of Stage 1 of the Contemplated Transaction,
      by
      Buyer or Parent, by notice to Sellers, in the event of a breach of this
      Agreement by Sellers or the Company or its subsidiaries which if uncured would
      cause one or more of the conditions to Closure set forth in this Agreement
      not
      to be satisfied and which remains uncured for ten (10) Business Days after
      notice thereof is given to Sellers by Buyer or Parent.

     

    (d)           In
      the event this Agreement is terminated by the Sellers due to a breach by the
      Buyer and/or the Parent to make the First Cash Payment, the Stock Payment,
      the
      Second Cash Payment and/or the Third Cash Payment pursuant to the terms of
      this
      Agreement, and in the event such breach is not cured by the Buyer and/or the
      Parent within ten (10) Business Days of the date of receipt by Buyer and Parent
      of written notice thereof from the Sellers, then the Sellers shall have the
      option (the “Option”) to repurchase all of the Shares of the Company from the
      Parent and the Buyer for a purchase price in United States Dollars equal to
      the
      result of (i) all amounts loaned by the Parent or the Buyer to the Company,
      (ii)
      the value of the shares of Parent Common Stock issued to the Sellers under
      this
      Agreement; (iii)  all amounts paid by the Parent and/or the Buyer to
      the Sellers under this Agreement in respect of the First Cash Payment, Second
      Cash Payment or Third Cash Payment, minus a liquidated damages amount of Two
      Hundred Thousand United States Dollars ($200,000), with such resulting Option
      exercise amount being paid by the Sellers to Parent in cash by wire transfer
      of
      immediately available funds within sixty (60) calendar days after the expiration
      of such cure period.  In the event such Option exercise price is not
      paid in full by the Sellers to the Parent within such sixty (60) calendar day
      exercise period, then the Option shall become null and void.  In the
      event the Sellers exercise the Option in full and in a timely manner, then
      the
      parties further agree for the current contracts between Parent and the Company
      as listed in Exhibit F hereto for which the Company has performed all
      work at cost with no profit for the benefit of Parent or Buyer as shown in
      detail by the costs and billings attached to Exhibit F hereto, which
      costs and billings shall be subject to audit and confirmation by an
      independent  third-party auditor (the “At-Cost Contracts”), the Parent
      or the Buyer shall pay to the Company an amount equal to (i) the lowest profit
      margin charged during that same period of time by the Company to third-parties
      other than the Parent multiplied by billings attached to Exhibit F hereto
      for the At-Cost Contracts minus (ii) a credit in the amount of US$200,000.00
      from the Company to the Parent to be applied by the Parent against any amounts
      due in the immediately preceding clause (i), with the amount of such credit
      being equal to the prior payments by Parent to the Company for the 21 shares
      of
      common stock of the Company owned by Parent prior to the date of this
      Agreement.

    

    

    
      	
              14.  

            	
              GOVERNMENTAL
                CLAUSES.

            

    

    

    The
      Sellers have represented to the Buyer and the Parent that the following
      provisions are required to be contained in this Agreement and adhered to by
      the
      parties in order for the Company to be eligible to receive a grant from
      governmental agencies in Australia, and as a result thereof, the parties hereby
      agree to the following provisions, subject to all other provisions of this
      Agreement; provided, however, that in the event any or all of the following
      clauses are not required by governmental agencies to be contained in this
      Agreement nor adhered to by the parties, then each such clause shall be deemed
      to be null, void and as if such provisions were never part of this Agreement,
      without any further action by any of the parties:

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    (a)           The
      Company shall own any IP it develops and be able to exploit this IP to its
      own
      benefit;

    

    (b)           The
      Company shall be able to license games or its technology to other
      developers;

    

    (c)           The
      Company shall be able to bid for its own contracts to build games for
      Parent;

    

    (d)           The
      Company shall be able to bid for its own contracts to build games for all other
      global publishers;

    

    (e)           The
      Company shall be self sustaining and be able to fund its own activities as
      well
      as grow its operations;

    

    (f)           The
      Company shall be able to undertake sales and marketing activities regarding
      its
      expertise globally;

    

    (g)           The
      Company shall be able to undertake sales and marketing activities on behalf
      of
      the Parent for the Asia Pacific region;

    

    (h)           The
      Company shall work together with Parent where possible to achieve growth of
      the
      consolidated group consisting of the Company and Parent;

    

    (i)           The
      Company shall maintain a management structure in Australia;

    

    (j)           The
      Company shall maintain employment of personnel in Australia; and

    

    (k)           The
      Company shall operate independently and employ additional people as
      required.

    

    

    [Remainder
      of this page intentionally left blank; signature page
      follows.]

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    IN
      WITNESS OF THIS AGREEMENT, the parties have executed this Agreement by their
      duly authorized officers as of the date first above written.

    

    RED
      MILE ENTERTAINMENT, INC.,

    a
      Delaware corporation

    

    By:
      _______________________________

    Name: 
      _______________________________

    Title: 
      _______________________________

    

    RED
      MILE ENTERTAINMENT PTY LTD

    an
      Australian corporation

    

    By: 
      _______________________________

    Name: 
      _______________________________

    Title: 
      _______________________________

    

    IR
      GURUS PTY LTD

    

    By: 
      _______________________________

    Name: 
      _______________________________

    Title: 
      _______________________________

    

    SELLERS:

    

    /s/                    
CRAIG
      PHILIP LAUGHTON

    

    /s/                    

    NATHAN
      ERIC MURPHY

    

    /s/                    

    MICHAEL
      THOMAS FEGAN

    

    /s/                    

    ANDREW
      GEOFFREY

    

    /s/                    

    BEN
      BYRON
      PALMER

    

    /s/                    

    IAN
      GEORGE CUNLIFFE

     

    /s/                      
          

    VOTRAINT
      No 651 PTY LTDf8k082407ex10ii_redmile.htm

    

     

    RED
      MILE ENTERTAINMENT, INC.

     

    AND

     

    RED
      MILE ENTERTAINMENT PTY LTD

    ACN
      114
      034 383

     

    AND

     

    IR
      GURUS PTY LTD

    ACN
      074
      304 582

     

    AND

     

    NATHAN
      ERIC MURPHY

     

    AND

     

    MICHAEL
      THOMAS FEGAN

     

    AND

     

    ANDREW
      GEOFFREY NIERE

     

    AND

     

    CRAIG
      PHILIP LAUGHTON

     

    AND

     

    BEN
      BYRON PALMER

     

    AND

     

    IAN
      GEORGE CUNLIFFE

     

    AND

     

    VOTRAINT
      NO. 651 PTY LTD

    ACN
      __________________ [insert
      ACN]

     

    AND

     

    DAVIES
      COLLISON CAVE SOLICITORS

    ___________________________________________________________________________

    

    DEED
      OF APPOINTMENT OF ESCROW AGENT

    ___________________________________________________________________________

     

    
      DAVIES
        COLLISON CAVE SOLICITORS

      Intellectual
        Property Law

      1
        Nicholson Street

      MELBOURNE  VIC  3000

      AUSTRALIA

      Tel:
        +61
        3 9254 2888

      Fax:
        +61
        3 9254 2880

      Ref:   RMD:DYL:260387

      ©
Davies
        Collison Cave Solicitors 2007

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      TABLE
        OF CONTENTS

    

     

     

     

    
      
        	
                1.

              	
                Definitions
                  and Interpretation

              	
                2

              
	 	 	 
	
                2.

              	
                Functions
                  and Responsibilities

              	
                3

              
	 	 	 
	
                3.

              	
                Liability
                  and Indemnity

              	
                5

              
	 	 	 
	
                4.

              	
                Dispute
                  Resolution

              	
                5

              
	 	 	 
	
                5.

              	
                Force
                  Majeure

              	
                6

              
	 	 	 
	
                6.

              	
                General

              	
                6

              

      

    

     

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      DEED
        OF APPOINTMENT OF ESCROW AGENT

      

      THIS
        DEED is made
        the                                                                           24th   day
        of  August 2007

      

      BETWEEN

      

      RED
        MILE ENTERTAINMENT, INC., a Delaware
        corporation with premises at 4000 Bridgeway, Suite 01, Sausalito, California,
        United States of America 94965 
(Parent)

      

      AND

      

      RED
        MILE ENTERTAINMENT PTY LTD ACN 114 034 383, of Level 14, 607 Bourke
        Street, Melbourne, Victoria, Australia
        3000 (Buyer)

      

      AND

      

      IR
        GURUS PTY LTD ACN 074 304 582 of Level 11, 499 St Kilda Road,
        Melbourne, Victoria, Australia
        3004 (Company)

      

      AND

      

      NATHAN
        ERIC MURPHY of Unit 2, 14 Collins Close, Keilor East, Victoria,
        Australia 3033

      

      AND

      

      MICHAEL
        THOMAS FEGAN of 5 Caroline Street South, South Yarra, Victoria,
        Australia 3141

      

      AND

      

      ANDREW
        GEOFFREY NIERE of 22 Liardet Street, Port Melbourne, Victoria,
        Australia 3207

      

      AND

      

      CRAIG
        PHILIP LAUGHTON of 2/743 Nepean Highway, Brighton East, Victoria,
        Australia 3187

      

      AND

      

      BEN
        BYRON PALMER of 1 Ballarat Street, Brunswick, Victoria, Australia
        3056

      

      AND

      

      IAN
        GEORGE CUNLIFFE of 146 Faraday Street, Carlton, Victoria, Australia
        3053

      

      AND

      

      VOTRAINT
        NO. 651 PTY LTD ACN __________________[insert
        ACN]
        of 146 Faraday Street, Carlton, Victoria, Australia
        3053 (Votraint)

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    -2-

     

     

    
      collectively
        referred to in this Agreement as the
Sellers

      

      AND

      

      DAVIES
        COLLISON CAVE SOLICITORS, a firm of Australian Legal Practitioners with
        premises at 1 Nicholson Street, Melbourne, Victoria, Australia
        3000 (DCCS)

      

      

      RECITALS:

       

      
        	
                A.  

              	
                Pursuant
                  to a Stock Purchase and Sale Agreement dated [insert
                  date] (the Principal Agreement), a
                  copy of which is annexed to this Deed as Annexure A, the Buyer
                  agreed to
                  purchase all shares of the Company from Sellers not already held
                  by the
                  Parent.

              

      

       

      
        	
                B.  

              	
                Sellers
                  agreed to sell all shares of the Company held by each of them on
                  the
                  condition that a portion of the consideration for such sale would
                  be held
                  in escrow for the benefit of the Sellers until such time as Sellers
                  met
                  certain conditions for release of such
                  consideration.

              

      

       

      
        	
                C.  

              	
                The
                  Buyer, the Parent, and each of the Sellers wish to appoint DCCS
                  as escrow
                  agent, and DCCS accepts such appointment on the following terms
                  and
                  conditions.

              

      

      

       

      THE
        PARTIES AGREE:

       

      
        	
                1.  

              	
                Definitions
                  and Interpretation

              

      

       

      
        	
                1.1  

              	
                In
                  this Deed, the following terms shall have the following meanings
                  except
                  where the context requires
                  otherwise.

              

      

       

      Escrow
        Monies means the First Cash Payment (as that term is defined in
        the Principal Agreement) and the Second Cash Payment (as that term is defined
        in
        the Principal Agreement).

       

      Escrow
        Stock means the Parent Common Stock (as that term is defined in
        the Principal Agreement) to be issued by the Parent to each of the Sellers
        as
        part of the Stock Payment (as that term is defined in the Principal
        Agreement).

       

      
        	
                1.2  

              	
                The
                  following rules apply unless the context requires
                  otherwise.

              

      

       

      
        	
                (a)  

              	
                Headings
                  are for convenience only and do not affect
                  interpretation.

              

      

       

      
        	
                (b)  

              	
                The
                  singular includes the plural and
                  conversely.

              

      

       

      
        	
                (c)  

              	
                The
                  meaning of general words is not limited by specific examples introduced
                  by
                  including or for
                  example or similar
                  expressions.

              

      

       

      
        	
                (d)  

              	
                If
                  a word or phrase is defined, its other grammatical forms have a
                  corresponding meaning.

              

      

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
       

      -3-

       

    

    
      

       

      
        	
                (e)  

              	
                A
                  reference to a clause,Schedule,
                  Exhibit or Annexure is a reference to a clause of, a
                  Schedule to, an Exhibit of or an Annexure to this
                  Deed.

              

      

       

      
        	
                (f)  

              	
                A
                  reference to an agreement or document (including, a reference to
                  this
                  Deed) is to the agreement or document as amended, varied, supplemented,
                  novated or replaced, except to the extent prohibited by this Deed
                  or the
                  other agreement or document.

              

      

       

      
        	
                (g)  

              	
                A
                  reference to a party to this Deed or another agreement or document
                  includes the party's successors and permitted
                  assigns.

              

      

       

      
        	
                (h)  

              	
                A
                  reference to legislation or to a provision of legislation includes
                  a
                  modification or re-enactment of it, a legislative provision substituted
                  for it and a regulation or statutory instrument issued under
                  it.

              

      

       

      
        	
                2.  

              	
                Functions
                  and Responsibilities

              

      

       

      
        	
                2.1  

              	
                Escrow
                  Property. 

              

      

       

      The
        Buyer
        and the Parent are jointly and severally responsible for ensuring the delivery
        of the Escrow Monies and the Escrow Stock to DCCS in accordance with the
        terms
        of the Principal Agreement.  Upon receipt of the Escrow Monies and the
        Escrow Stock:

       

      
        	
                (a)  

              	
                DCCS
                  agrees to hold the Escrow Monies in an interest-bearing account
                  for the
                  pro-rated benefit of each of the Sellers;
                  and

              

      

       

      
        	
                (b)  

              	
                DCCS
                  agrees to hold the Escrow Stock,

              

      

       

      until
        such time as the Escrow Monies and Escrow Stock respectively may be released
        in
        accordance with the terms of the Principal Agreement.

       

      
        	
                2.2  

              	
                Authority
                  to act.

              

      

       

      
        	
                (a)  

              	
                Notwithstanding
                  anything to the contrary in this Deed, the Parent, the Buyer, the
                  Company
                  and each of the Sellers grants to DCCS full authority to take any
                  action
                  necessary to effect the disposition of the Escrow Monies and the
                  Escrow
                  Stock in accordance with the terms of the Principal
                  Agreement.

              

      

       

      
        	
                (b)  

              	
                For
                  the sole purpose of making such disposition, each of the Sellers
                  appoints
                  DCCS as its lawful attorney-in-fact to execute all documents necessary
                  to
                  effect such disposition.

              

      

       

      
        	
                (c)  

              	
                DCCS
                  may act upon any instrument or signature believed by it to be proper
                  or
                  genuine and may assume that any person purporting to give any notice
                  or
                  instruction by such instrument or signature to be duly authorised
                  to give
                  such instructions.

              

      

       

      
        	
                2.3  

              	
                Seeking
                  Advice.

              

      

      DCCS
        may
        consult any legal or other counsel at its discretion, on any matter or issue
        arising out of or in connection with this Deed or any duties or obligations
        of
        DCCS under this Deed and the obtained advice or opinion of such counsel shall
        be
        full and complete authorisation and protection in respect of any action taken,
        suffered, or omitted by it in good faith and in accordance with the advice
        or
        opinion of such counsel.

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
         

        -4-

         

       

      
        	
                2.4  

              	
                Expenditure.

              

      

       

      DCCS
        is
        not obliged to spend or risk any of its own funds or otherwise incur any
        financial liability in carrying out its duties and obligations under this
        Deed.  Where DCCS incurs any expenses (including, without limitation,
        any legal fees or other counsel fees, government charges or other expenses)
        in
        carrying out its duties and obligations under this Deed, DCCS is entitled
        to be
        reimbursed on demand by any other party to this Deed.

       

      
        	
                2.5  

              	
                Limitations.
                  The Parent, the Buyer, the Company and each of the Sellers
                  acknowledge and agree that:

              

      

       

      
        	
                (a)  

              	
                the
                  duties and obligations of DCCS are to be determined solely by reference
                  to
                  the terms of this Deed and the Principal Agreement and DCCS is
                  not charged
                  with any special knowledge of or any duties or responsibilities
                  in
                  connection with any other documents or
                  agreements;

              

      

       

      
        	
                (b)  

              	
                DCCS
                  is not responsible or liable for the sufficiency or validity of
                  any funds
                  or property deposited with it in escrow pursuant to the Principal
                  Agreement or this Deed; and

              

      

       

      
        	
                (c)  

              	
                DCCS
                  is not a trustee or fiduciary of any other party in respect of
                  any escrow
                  arrangements contemplated by this Deed or the Principal
                  Agreement.

              

      

       

      
        	
                2.6  

              	
                Return
                  of Escrow Property.  In the event that the Principal
                  Agreement is terminated or otherwise expires and DCCS holds, at
                  that time,
                  any Escrow Monies or Escrow Stock, then DCCS will return such Escrow
                  Monies or Escrow Stock (as the case may be) to the party responsible
                  for
                  ensuring the delivery of the same to DCCS under this Deed, being
                  either
                  the Buyer or the Parent, as the case may
                  be.

              

      

       

      
        	
                2.7  

              	
                Resignation
                  of Escrow Agent.  DCCS may, at any time, resign from
                  its appointment as escrow agent by giving at least thirty (30)
                  days
                  written notice of its resignation to all other parties to this
                  Deed.  Upon receipt of such notice from DCCS, the Buyer, with
                  the approval of each of the Sellers, the Company and the Parent,
                  which
                  approval will not be unreasonably withheld, may appoint another
                  escrow
                  agent to succeed DCCS within the 30-day notice period.  If no
                  successor escrow agent is appointed by the Buyer, DCCS may appoint
                  a
                  successor escrow agent or may apply to a court of competent jurisdiction
                  for the appointment of such successor. Upon the effective date
                  of such
                  resignation, the balance of the Escrow Monies and the Escrow Stock
                  together with all cash and other property then held by DCCS pursuant
                  to
                  this Deed shall be delivered by DCCS to such successor escrow agent
                  or as
                  otherwise instructed in writing by the Buyer, representing all
                  other
                  parties to this Deed.

              

      

       

      
        	
                2.8  

              	
                Cessation
                  of duties. Notwithstanding any provision to the contrary in this
                  Deed or the Principal Agreement, the functions and obligations
                  of DCCS
                  under this Deed cease upon the complete disposition of all of the
                  Escrow
                  Monies and the Escrow Stock to any
                  person.

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
         

        -5-

         

      

       

       

      
        	
                3.  

              	
                Liability
                  and Indemnity

              

      

       

      
        	
                3.1  

              	
                DCCS
                  is not liable for any losses, liabilities, damages (whether direct,
                  indirect, punitive, special or consequential), costs, expenses,
                  demands,
                  actions or claims whatsoever and howsoever arising out of any action
                  taken, suffered, or omitted by it under or in connection with this
                  Deed.

              

      

       

      
        	
                3.2  

              	
                Without
                  prejudice to any indemnity afforded to DCCS by law, the Parent,
                  the Buyer,
                  the Company and each of the Sellers jointly and severally indemnifies
                  DCCS, its partners, directors, officers, staff, employees and contractors,
                  against any and all losses, liabilities, damages (whether direct,
                  indirect, punitive, special or consequential), costs, expenses,
                  demands,
                  actions and claims (including legal and other counsel fees, costs
                  and
                  disbursements, and other expenses) which DCCS incurs or may incur
                  as a
                  result of or in connection with:

              

      

       

      
        	
                (a)  

              	
                its
                  appointment under this Deed as escrow
                  agent;

              

      

       

      
        	
                (b)  

              	
                the
                  carrying out of its duties and obligations pursuant to this Deed;
                  or

              

      

       

      
        	
                (c)  

              	
                any
                  action taken or omitted to be taken by it under this
                  Deed.

              

      

       

      
        	
                3.3  

              	
                The
                  Parent, the Buyer, the Company and each of the Sellers jointly
                  and
                  severally agrees to assume any and all obligations imposed now
                  or in the
                  future by any applicable tax law with respect to the transfer of
                  the
                  Escrow Monies or Escrow Stock under this Deed or the Principal
                  Agreement
                  and to indemnify and hold DCCS, its partners, directors, officers,
                  staff,
                  employees and contractors, harmless from and against any taxes,
                  additions
                  for late payment, interest, penalties and other government charges
                  that
                  may be assessed against DCCS on any such payment or other activities
                  of
                  DCCS undertaken pursuant to this
                  Deed.

              

      

       

      
        	
                4.  

              	
                Dispute
                  Resolution

              

      

       

      
        	
                4.1  

              	
                If
                  there is a dispute between any of the parties with respect to any
                  of the
                  escrow arrangements contemplated by this Deed or the Principal
                  Agreement,
                  DCCS may interplead the balance of the Escrow Monies and the Escrow
                  Stock
                  in a court of competent jurisdiction, in which event, DCCS will
                  be fully
                  relieved from any further duty or obligation with respect to the
                  whole or
                  any part of the Escrow Monies or the Escrow Stock.  DCCS will
                  have no liability whatsoever in relation to any costs or charges
                  incurred
                  or suffered by any person as a result of any early cessation of
                  its
                  responsibilities pursuant to this clause 4.1
                  or under any other provision of this
                  Deed.

              

      

       

      
        	
                4.2  

              	
                Any
                  legal proceedings brought by any of the Parent, the Buyer, the
                  Company or
                  the Sellers must be pursued without making DCCS a party to such
                  proceedings, unless the dispute involves the fraud or gross negligence
                  of
                  DCCS in carrying out its obligations under this
                  Deed.

              

      

       

      
        	
                4.3  

              	
                Nothing
                  in this clause 4 prevents a party from
                  applying to a court at any stage for urgent injunctive or other
                  relief.

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
         

        -6-

         

      

       

       

      
        	
                5.  

              	
                Force
                  Majeure

              

      

       

      
        	
                5.1  

              	
                Where
                  DCCS is unable, wholly or in part, by reason of a circumstance
                  beyond its
                  reasonable control including strike, lock out or industrial action,
                  acts
                  of God, enactment, ruling or decree of any governmental authority,
                  insurrection, riot or other civil commotion or war (Force
                  Majeure Event), to carry out any of its obligations under
                  this Deed, then that obligation is suspended for as long as the
                  Force
                  Majeure Event endures.  DCCS will be allowed a reasonable
                  extension of time to perform its obligations under this Deed once
                  the
                  Force Majeure Event ceases.

              

      

       

      
        	
                6.  

              	
                General

              

      

       

      
        	
                6.1  

              	
                Survival.  Subject
                  to any expressions to the contrary in this Deed, the covenants
                  and
                  agreements of the parties contained in this Deed and all representations,
                  warranties and indemnities contained in this Deed will remain in
                  full
                  force and effect notwithstanding the termination or complete performance
                  of this Deed by the parties.

              

      

       

      
        	
                6.2  

              	
                Expenses.  Except
                  where expressly stated otherwise in this Deed, each party to this
                  Deed
                  must bear its own expenses incurred in connection with the preparation,
                  execution and performance of this Deed, including all fees and
                  expenses of
                  its legal attorneys, accountants and other
                  consultants.

              

      

       

      
        	
                6.3  

              	
                Notices.  All
                  notices, consents, waivers and other communications under this
                  Agreement
                  must be in writing and are deemed given to a party
                  when:

              

      

       

      
        	
                (a)  

              	
                delivered
                  by hand or nationally recognised courier service to the address
                  of the
                  party specified at the beginning of this Deed or as otherwise notified
                  by
                  the relevant party from time to
                  time;

              

      

       

      
        	
                (b)  

              	
                sent
                  by facsimile or e-mail to the last known facsimile number or e-mail
                  address of the relevant addressee with confirmation of transmission
                  by the
                  transmitting equipment; or

              

      

       

      
        	
                (c)  

              	
                received
                  or rejected by the addressee, if sent by certified mail, return
                  receipt
                  requested.

              

      

       

      
        	
                6.4  

              	
                Entire
                  Agreement.  This Deed supersedes all prior agreements
                  amongst the parties with respect to its subject matter and constitutes
                  (together with any documents scheduled, exhibited or annexed to
                  this Deed)
                  a complete and exclusive statement of the terms of this Deed between
                  the
                  parties with respect to its subject
                  matter.

              

      

       

      
        	
                6.5  

              	
                Variation.  No
                  alteration, amendment, variation, supplementation or other modification
                  to
                  this Deed takes effect unless and until such time as agreed in
                  writing by
                  all parties.

              

      

       

      
        	
                6.6  

              	
                Assignments,
                  Successors etc. No party may assign any of its rights or delegate
                  any of its obligations under this Deed without the prior written
                  consent
                  of all other parties.  Nothing expressed or referred to in this
                  Deed gives any person or entity, other than the parties to this
                  Deed, any
                  legal right, remedy or claim under or with respect to this Deed
                  or any
                  provision of this Deed except such rights as may enure to a successor
                  or
                  permitted assignee pursuant to this clause 6.6.

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
         

        -7-

         

      

       

       

      
        	
                6.7  

              	
                Waiver.  No
                  failure or delay by a party in exercising any right, power or privilege
                  under or with respect to this Deed or any documents to which this
                  Deed
                  makes reference operates as a waiver of such right, power or
                  privilege.  No single or partial exercise of any such right,
                  power or privilege precludes any other or further exercise of such
                  right,
                  power or privilege or the exercise of any other right, power or
                  privilege.

              

      

       

      
        	
                6.8  

              	
                Severability.  Any
                  provision of this Deed held to be invalid, unenforceable or illegal
                  for
                  any reason is deemed deleted from the Deed and all other provisions
                  of
                  this Deed shall remain in full force and
                  effect.

              

      

       

      
        	
                6.9  

              	
                Governing
                  Law.  This Deed will be governed by and construed
                  according to the laws of the State of Victoria, Australia.  All
                  parties irrevocably submit to the non-exclusive jurisdiction of
                  that State
                  and any courts of appeal from them.

              

      

       

      
        	
                6.10  

              	
                Counterparts.  This
                  Deed may be executed in one or more counterparts, each of which
                  when
                  executed is deemed to be an original.  All such counterparts
                  together constitute one document.

              

      

      

      

      EXECUTED
        AS A DEED by the parties.

      

      
        	
                EXECUTED
                  as a DEED on behalf of RED MILE ENTERTAINMENT,
                  INC., by its duly authorised representative in the presence
                  of:

              	
                )

                )

                )

                )

              	
                 /      /2007

                Authorised
                  Representative – Signature(date)

              
	
                 /      /2007

                Witness
                  – Signature (date)

              	 	
                Authorised
                  Representative – Name and position

              
	
                Witness
                  – Name

              	 	 

      

      

      
        	
                EXECUTED
                  as a DEED by RED MILE ENTERTAINMENT PTY
                  LTD ACN 114 034 383 in accordance with Section 127 of the
                  Corporations Act 2001 (Cth):

              	
                )

                )

                )

                )

              	
                 /      /2007

                Director
                  – Signature (date)

              
	
                 /      /2007

                Director/Secretary
                  – Signature (date)

              	 	
                Director
                  – Name

              
	
                Director/Secretary
                  – Name

              	 	 

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
         

        -8-

         

      

       

       

      
        	
                EXECUTED
                  as a DEED by IR GURUS PTY LTD ACN 074
                  304 582 in accordance with Section 127 of the Corporations Act
                  2001 (Cth):

              	
                )

                )

                )

                )

              	
                 /      /2007

                Director
                  – Signature (date)

              
	
                 /      /2007

                Director/Secretary
                  – Signature (date)

              	 	
                Director
                  – Name

              
	
                Director/Secretary
                  – Name

              	 	 

      

      

      
        	
                SIGNED,
                  SEALED and DELIVERED by NATHAN ERIC MURPHY in
                  the presence of:

              	
                )

                )

                )

              	
                 /      /2007

                NATHAN
                  ERIC MURPHY (date)

              
	
                 /      /2007

                Witness
                  – Signature (date)

              	 	 
	
                Witness
                  – Name

              	 	 

      

      
 

      
        	
                SIGNED,
                  SEALED and DELIVERED by MICHAEL THOMAS FEGAN in
                  the presence of:

              	
                )

                )

                )

              	
                 /      /2007

                MICHAEL
                  THOMAS FEGAN (date)

              
	
                 /      /2007

                Witness
                  – Signature (date)

              	 	 
	
                Witness
                  – Name

              	 	 

      

      

      
        	
                SIGNED,
                  SEALED and DELIVERED by ANDREW GEOFFREY NIERE in
                  the presence of:

              	
                )

                )

                )

              	
                 /      /2007

                ANDREW
                  GEOFFREY NIERE (date)

              
	
                 /      /2007

                Witness
                  – Signature (date)

              	 	 
	
                Witness
                  – Name

              	 	 

      

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        -9-

         

      

      
 

      
        	
                SIGNED,
                  SEALED and DELIVERED by CRAIG PHILIP LAUGHTON in
                  the presence of:

              	
                )

                )

                )

              	
                 /      /2007

                CRAIG
                  PHILIP LAUGHTON (date)

              
	
                 /      /2007

                Witness
                  – Signature (date)

              	 	 
	
                Witness
                  – Name

              	 	 

      

      

      
        	
                SIGNED,
                  SEALED and DELIVERED by BEN BYRON PALMER in the
                  presence of:

              	
                )

                )

                )

              	
                 /      /2007

                BEN
                  BYRON PALMER (date)

              
	
                 /      /2007

                Witness
                  – Signature (date)

              	 	 
	
                Witness
                  – Name

              	 	 

      

      

      
        	
                SIGNED,
                  SEALED and DELIVERED by IAN GEORGE CUNLIFFE in
                  the presence of:

              	
                )

                )

                )

              	
                 /      /2007

                IAN
                  GEORGE CUNLIFFE (date)

              
	
                 /      /2007

                Witness
                  – Signature (date)

              	 	 
	
                Witness
                  – Name

              	 	 

      

      

      
        	
                EXECUTED
                  as a DEED by VOTRAINT NO. 651 PTY LTD
                  ACN _____________ [insert
                  ACN] in accordance with Section 127 of the Corporations
                  Act 2001 (Cth):

              	
                )

                )

                )

                )

              	
                 /      /2007

                Director
                  – Signature (date)

              
	
                 /      /2007

                Director/Secretary
                  – Signature (date)

              	 	
                Director
                  – Name

              
	
                Director/Secretary
                  – Name

              	 	 

      

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
         

        -10-

         

      

      
 

      
        	
                EXECUTED
                  as a DEED on behalf of DAVIES COLLISON CAVE
                  SOLICITORS by its duly authorised representative in the presence
                  of:

              	
                )

                )

                )

                )

              	
                 /      /2007

                Authorised
                  Representative – Signature(date)

              
	
                 /      /2007

                Witness
                  – Signature (date)

              	 	
                Authorised
                  Representative – Name and position

              
	
                Witness
                  – Name

              	 	 

      

       

       

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
         

        -11-

         

      

       

       

       

       

      ANNEXURE
        A

      

      Annex
        copy of executed Stock Purchase and Sale Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]