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    AGREEMENT
      AND PLAN OF MERGER

     

    This
      AGREEMENT
      AND PLAN OF MERGER
      (this
“Agreement”)
      has
      been made as of April 18, 2007, by and among LGSE, a Nevada corporation
      (“LGSE”),
      LGSE
      Merger Sub, Inc., a Nevada corporation and a wholly-owned Subsidiary of LGSE
      (“Sub”),
      China
      Lipu Paper Limited, a British Virgin Islands corporation (“CLP”),
      and
      the shareholders of CLP, each of whom is identified on Schedule
      A
      to this
      Agreement (the “CLP
      Shareholders”).

     

    Whereas,
      the
      respective Boards of Directors of LGSE, Sub and CLP have approved the merger,
      pursuant and subject to the terms and conditions of this Agreement, of Sub
      with
      and into CLP (the “Merger”),
      whereby all of the issued and outstanding shares of the Common Stock of CLP
      (the
“CLP
      Common Stock”)
      will be
      converted into the right to receive a specified number of shares of the Common
      Stock of LGSE (the “LGSE
      Common Stock”);
      and
      the parties each desire to make certain representations, warranties and
      agreements in connection with the Merger and also to prescribe various
      conditions to the Merger;

     

    Now,
      Therefore,
      in
      consideration of the premises and the representations, warranties and covenants
      herein contained, the parties agree to effect the Merger on the terms and
      conditions herein provided and further agree as follows:

     

    ARTICLE
      1. DEFINITIONS

     

    1.1 Definitions.

     

    In
      addition to the other definitions contained in this Agreement, the following
      terms will, when used in this Agreement, have the following respective
      meanings:

     

    “Affiliate”
      means a
      Person that, directly or indirectly, controls, is controlled by, or is under
      common control with, the referenced party.

     

    “Claim”
      means
      any
      contest, claim, demand, assessment, action, suit, cause of action, complaint,
      litigation, proceeding, hearing, arbitration, investigation or notice of any
      of
      the foregoing involving any Person.

     

    “Closing”
      means
      the consummation of the Merger. 

     

    “Code”
      means
      the Internal Revenue Code of 1986, as amended, together with all rules and
      regulations promulgated thereunder. 

     

    “Constituent
      Corporations”
      means
      CLP and Sub, as the constituent corporations of the Merger.

     

    “GAAP”
      means
      United States generally accepted accounting practices.

     

    “GCL”
      means
      the
      Nevada General Corporation Law.

     

    “Person”
      means
      and includes any individual, partnership, corporation, trust, company,
      unincorporated organization, joint venture or other entity, and any Governmental
      Entity.

     

    “Record
      Holder”
      means a
      holder of record of CLP Common Stock as shown on the regularly maintained stock
      transfer records of CLP.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    “Subsidiary”
      means,
      with respect to any Person, any corporation, partnership, joint venture, trust
      or other entity of which such Person, directly or indirectly through an
      Affiliate, owns an amount of voting securities, or possesses other ownership
      interests, having the power, direct or indirect, to elect a majority of the
      Board of Directors or other governing body thereof.

     

    “Surviving
      Corporation” means
      CLP, as the surviving corporation of the Merger.

     

    “U.S.”
      means
      the
      United States of America.

     

    1.2 Interpretation.

     

    In
      this
      Agreement, unless the express context otherwise requires:

     

    (a) the
      words
“herein,” “hereof”
      and
“hereunder
      and
      words
      of similar import refer to this Agreement as a whole and not to any particular
      provision of this Agreement; 

     

    (b) references
      to “Article”
      or
“Section”
      are
      to
      the respective Articles and Sections of this Agreement, and references to
“Exhibit”
      or
      “Schedule”
      are to
      the respective Exhibits and Schedules annexed hereto;

     

    (c) references
      to a “party”
      means a
      party to this Agreement and include references to such party’s successors and
      permitted assigns;

     

    (d) references
      to a “third
      party”
      means a
      Person that is neither a Party to this Agreement nor an Affiliate thereof;
      

     

    (e) the
      terms
“dollars”
      and
      “$”
      means
      U.S. dollars;

     

    (f) terms
      defined in the singular have a comparable meaning when used in the plural,
      and
      vice versa;

     

    (g) the
      masculine pronoun includes the feminine and the neuter, and vice versa, as
      appropriate in the context; and 

     

    (h)  wherever
      the word “include,” “includes”
      or
“including
      is
      used
      in this Agreement, it will be deemed to be followed by the words “without
      limitation.”

     

    ARTICLE
      2. THE MERGER

     

    2.1 Effective
      Time of the Merger.

     

    Subject
      to the provisions of this Agreement, the Merger will be consummated by the
      filing with the Secretary of State of the State of Nevada of articles of merger,
      in such form as required by, and signed and attested in accordance with, the
      relevant provisions of the GCL (the time of such filing or such later time
      and
      date as is specified in such filing being the “Effective
      Time”).
      

     

    2.2 Closing.

     

    The
      Closing will take place at 10:00 a.m., local time, on the earliest date
      practicable after all of the conditions set forth in Article 9 are satisfied
      or
      waived by the appropriate party, but in no event later than the applicable
      date
      referred to in Section 10.1(d) (the “Closing
      Date”),
      unless
      another time, date or place is agreed to in writing by the parties.

    
      
         

      

      
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    2.3 Effects
      of the Merger.

     

    By
      virtue
      of the Merger and without the necessity of any action by or on behalf of the
      Constituent Corporations, or either of them:

     

    (a) at
      the
      Effective Time, (i) the separate existence of Sub will cease, and Sub will
      be
      merged with and into CLP, and (ii) the certificate of incorporation and bylaws
      of CLP as in effect immediately prior to the Effective Time will be the
      certificate of incorporation and bylaws of the Surviving Corporation until
      thereafter amended; and 

     

    (b) at
      and
      after the Effective Time, the Surviving Corporation will possess all the rights,
      privileges, powers and franchises of a public as well as of a private nature,
      and be subject to all the restrictions, disabilities and duties, of each of
      the
      Constituent Corporations; and all property, real, personal and mixed, and all
      debts due to either of the Constituent Corporations on whatever account, as
      well
      for stock subscriptions as all other things in action or belonging to each
      of
      the Constituent Corporations will be vested in the Surviving Corporation; and
      all property, rights, privileges, powers and franchises, and all and every
      other
      interest will be thereafter as effectually be the property of the Surviving
      Corporation as they were of the respective Constituent Corporations, and the
      title to any real estate vested by deed or otherwise, in either of the
      Constituent Corporations, will not revert or be in any way impaired; but all
      rights of creditors and all liens upon any property of either of the Constituent
      Corporations will be preserved unimpaired, and all debts, liabilities and duties
      of the respective Constituent Corporations will thereafter attach to the
      Surviving Corporation, and may be enforced against it to the same extent as
      if
      such debts and liabilities had been incurred or contracted by it. 

     

    ARTICLE
      3. EFFECT OF MERGER ON CAPITAL STOCK

     

    3.1 Effect
      on Capital Stock.

     

    As
      of the
      Effective Time, by virtue of the Merger and without any action on the part
      of
      any holder of shares of CLP Common Stock or of shares of the capital stock
      of
      Sub:

     

    (a)  Capital
      Stock of Sub. Each
      issued and outstanding share of the capital stock of Sub will be converted
      into
      the right to receive one fully paid and non-assessable share of the capital
      stock of the Surviving Corporation. 

     

    (b) Cancellation
      of Treasury Stock. Shares
      of
      CLP Common Stock, if any, that are held by CLP as treasury stock will be
      cancelled and retired and will cease to exist, and no Merger Consideration
      will
      be delivered in exchange therefor. LGSE Common Stock, if any, owned by CLP
      as of
      the Effective Time will remain unaffected by the Merger.

     

    (c) Exchanged
      Shares; Merger
      Consideration.

     

    (i) “Exchanged
      Shares”
      means
      all shares of CLP Common Stock issued and outstanding immediately prior to
      the
      Effective Time other than shares of CLP Common Stock, if any, held by CLP as
      treasury stock. 

    
      
         

      

      
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    (ii) The
      consideration payable in the Merger will consist of an aggregate of eight
      million (27,027,968) shares of LGSE Common Stock, which shall be distributed
      among the CLP Shareholders in accordance with Schedule
      A
      hereto
      (the “Stock
      Merger Consideration”).

     

    (iii) “Merger
      Consideration” means
      the
      Stock Merger Consideration. 

     

    (d) Exchange
      of Exchanged Shares for Merger Consideration.
      As of
      the Effective Time, by virtue of the Merger, each issued and outstanding
      Exchanged Share will be converted into the right to receive the Merger
      Consideration, payable, to the Record Holders of Exchanged Shares at the
      Effective Time. As of the Effective Time, all
      shares of CLP Common Stock will no longer be outstanding and will automatically
      be cancelled and retired and will cease to exist, and each holder of a
      certificate representing any such shares will cease to have any rights with
      respect thereto, except the right to receive the Merger Consideration therefor,
      without interest, upon the surrender of such certificate in accordance with
      Section 3.2.

     

    3.2 Exchange
      of Merger Consideration for Exchanged Shares.

     

    (a) Exchange.
      On the
      Closing Date, the holders of all of the CLP Common Stock shall deliver to LGSE
      certificates or other documents evidencing all of the issued and outstanding
      CLP
      Common Stock, duly endorsed in blank or with executed power attached thereto
      in
      transferable form. In exchange for all of the CLP Common Stock tendered pursuant
      hereto, LGSE shall issue to CLP Shareholders the Stock Merger
      Consideration.

     

    (b) No
      Further Ownership Rights in CLP Common Stock.
      All
      shares of LGSE Common Stock issued upon the surrender for exchange of shares
      of
      CLP Common Stock in accordance with the terms hereof will be deemed to have
      been
      issued in full satisfaction of all rights pertaining to such shares of CLP
      Common Stock, and there will be no further registration of transfers of the
      shares of CLP Common Stock (other than shares held directly or indirectly by
      LGSE) after the Effective Time. If, after the Effective Time, Certificates
      are
      presented to the Surviving Corporation or its transfer agent for any reason,
      such Certificates will be cancelled and exchanged as provided by this Article
      3.

     

    ARTICLE
      4. REPRESENTATIONS
      AND WARRANTIES OF CLP

     

    CLP
      represents and warrants to LGSE and to Sub as follows, as of the date hereof
      and
      as of the Closing Date: 

     

    4.1 Organization.

     

    CLP
      is a
      corporation duly organized, validly existing and in good standing under the
      laws
      of British Virgin Island and has the corporate power and is duly authorized,
      qualified, franchised and licensed under all applicable laws, regulations,
      ordinances and orders of public authorities to own all of its properties and
      assets and to carry on its business in all material respects as it is now being
      conducted, including qualification to do business as a foreign entity in the
      country or states in which the character and location of the assets owned by
      it
      or the nature of the business transacted by it requires qualification. Included
      in the attached Schedules (as hereinafter defined) are complete and correct
      copies of the articles of incorporation, bylaws and amendments thereto as in
      effect on the date hereof. The execution and delivery of this Agreement does
      not
      and the consummation of the transactions contemplated by this Agreement in
      accordance with the terms hereof will not, violate any provision of CLP’s
      certificate of incorporation or bylaws. CLP has full power, authority and legal
      right and has taken all action required by law, its articles of incorporation,
      bylaws or otherwise to authorize the execution and delivery of this
      Agreement.

    
      
         

      

      
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    4.2 Capitalization.

     

    The
      authorized capitalization of CLP consists of 50,000 shares of common stock,
      no
      par value and no preferred shares. As of the date hereof, there are 50,000
      shares of common stock issued and outstanding. All issued and outstanding common
      shares have been legally issued, fully paid, are nonassessable and not issued
      in
      violation of the preemptive rights of any other person. CLP has no other
      securities, warrants or options authorized or issued.

     

    4.3 Subsidiaries.

     

    CLP
      owns
      100% of Guangxi Forestry Lipu Paper Co., Ltd, Guangxi Lvbao Waste Paper
      Recycling Co., Ltd, and Guangxi Hengli Power Co., Ltd, all China corporations.
      

     

    4.4 Tax
      Matters; Books & Records

     

    (a) The
      books
      and records, financial and others, of CLP are in all material respects complete
      and correct and have been maintained in accordance with good business accounting
      practices; and

     

    (b) CLP
      has
      no liabilities with respect to the payment of any country, federal, state,
      county, local or other taxes (including any deficiencies, interest or
      penalties). 

     

    (c) CLP
      shall
      remain responsible for all debts incurred prior to the closing.

     

    4.5 Information.
      

     

    The
      information concerning CLP as set forth in this Agreement and in the attached
      Schedules is complete and accurate in all material respects and does not contain
      any untrue statement of a material fact or omit to state a material fact
      required to make the statements made, in light of the circumstances under which
      they were made, not misleading.

     

    4.6 Title
      and Related Matters. 

     

    CLP
      has
      good and marketable title to and is the sole and exclusive owner of all of
      its
      properties, inventory, interests in properties and assets, real and personal
      (collectively, the “Assets”) free and clear of all liens, pledges, charges or
      encumbrances. Except as set forth in the Schedules attached hereto, CLP owns
      free and clear of any liens, claims, encumbrances, royalty interests or other
      restrictions or limitations of any nature whatsoever and all procedures,
      techniques, marketing plans, business plans, methods of management or other
      information utilized in connection with CLP’s business. Except as set forth in
      the attached Schedules, no third party has any right to, and CLP has not
      received any notice of infringement of or conflict with asserted rights of
      others with respect to any product, technology, data, trade secrets, know-how,
      proprietary techniques, trademarks, service marks, trade names or copyrights
      which, singly or in the aggregate, if the subject of an unfavorable decision,
      ruling or finding, would have a materially adverse affect on the business,
      operations, financial conditions or income of CLP or any material portion of
      its
      properties, assets or rights.

    
      
         

      

      
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    4.7 Litigation
      and Proceedings

     

    There
      are
      no actions, suits or proceedings pending or threatened by or against or
      affecting CLP, at law or in equity, before any court or other governmental
      agency or instrumentality, domestic or foreign or before any arbitrator of
      any
      kind that would have a material adverse effect on the business, operations,
      financial condition, income or business prospects of CLP. CLP does not have
      any
      knowledge of any default on its part with respect to any judgment, order, writ,
      injunction, decree, award, rule or regulation of any court, arbitrator or
      governmental agency or instrumentality.

     

    4.8 Contracts.

     

    On
      the
      Closing Date:

     

    (a) Except
      as
      set forth on Schedule, there are no material contracts, agreements, franchises,
      license agreements, or other commitments to which CLP is a party or by which
      it
      or any of its properties are bound;

     

    (b) CLP
      is
      not a party to any contract, agreement, commitment or instrument or subject
      to
      any charter or other corporate restriction or any judgment, order, writ,
      injunction, decree or award which materially and adversely affects, or in the
      future may (as far as CLP can now foresee) materially and adversely affect,
      the
      business, operations, properties, assets or conditions of CLP; and 

     

    (c) CLP
      is
      not a party to any material oral or written: (i) contract for the employment
      of
      any officer or employee; (ii) profit sharing, bonus, deferred compensation,
      stock option, severance pay, pension, benefit or retirement plan, agreement
      or
      arrangement covered by Title IV of the Employee Retirement Income Security
      Act,
      as amended; (iii) agreement, contract or indenture relating to the borrowing
      of
      money; (iv) guaranty of any obligation for the borrowing of money or otherwise,
      excluding endorsements made for collection and other guaranties of obligations,
      which, in the aggregate exceeds $1,000; (v) consulting or other contract with
      an
      unexpired term of more than one year or providing for payments in excess of
      $10,000 in the aggregate; (vi) collective bargaining agreement; or (vii)
      contract, agreement, or other commitment involving payments by it for more
      than
      $10,000 in the aggregate.

     

    4.9 No
      Conflict With Other Instruments.

     

    The
      execution of this Agreement and the consummation of the transactions
      contemplated by this Agreement will not result in the breach of any term or
      provision of, or constitute an event of default under, any material indenture,
      mortgage, deed of trust or other material contract, agreement or instrument
      to
      which CLP is a party or to which any of its properties or operations are
      subject.

     

    4.10 Material
      Contract Defaults.

     

    To
      the
      best of CLP’s knowledge and belief, it is not in default in any material respect
      under the terms of any outstanding contract, agreement, lease or other
      commitment which is material to the business, operations, properties, assets
      or
      condition of CLP, and there is no event of default in any material respect
      under
      any such contract, agreement, lease or other commitment in respect of which
      CLP
      has not taken adequate steps to prevent such a default from
      occurring.

    
      
         

      

      
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    4.11 
      Governmental Authorizations. 

     

    To
      the
      best of CLP’s knowledge, CLP has all licenses, franchises, permits and other
      governmental authorizations that are legally required to enable it to conduct
      its business operations in all material respects as conducted on the date
      hereof. Except for compliance with federal and state securities or corporation
      laws, no authorization, approval, consent or order of, or registration,
      declaration or filing with, any court or other governmental body is required
      in
      connection with the execution and delivery by CLP of the transactions
      contemplated hereby.

     

    4.12 Compliance
      With Laws and Regulations.

     

    To
      the
      best of CLP’s knowledge and belief, CLP has complied with all applicable
      statutes and regulations of any federal, state or other governmental entity
      or
      agency thereof, except to the extent that noncompliance would not materially
      and
      adversely affect the business, operations, properties, assets or condition
      of
      CLP or would not result in CLP’s incurring any material liability.

     

    4.13 Insurance.
      

     

    All
      of
      the insurable properties of CLP are insured for CLP’s benefit under valid and
      enforceable policy or policies containing substantially equivalent coverage
      and
      will be outstanding and in full force at the Closing Date.

     

    4.14 Approval
      of Agreement.

     

    The
      directors of CLP have authorized the execution and delivery of the Agreement
      and
      have approved the transactions contemplated hereby.

     

    4.15 Material
      Transactions or Affiliations.

     

    As
      of the
      Closing Date, there will exist no material contract, agreement or arrangement
      between CLP and any person who was at the time of such contract, agreement
      or
      arrangement an officer, director or person owning of record, or known by CLP
      to
      own beneficially, ten percent (10%) or more of the issued and outstanding Common
      Shares of CLP and which is to be performed in whole or in part after the date
      hereof. CLP has no commitment, whether written or oral, to lend any funds to,
      borrow any money from or enter into any other material transactions with, any
      such affiliated person.

     

    ARTICLE
      5. REPRESENTATIONS
      AND WARRANTIES OF LGSE 

     

    LGSE
      represents and warrants to CLP, as of the date hereof and as of the Closing
      Date, as follows: 

     

    5.1 Organization.
      

     

    LGSE
      is a
      corporation duly organized, validly existing, and in good standing under the
      laws of Nevada and has the corporate power and is duly authorized, qualified,
      franchised and licensed under all applicable laws, regulations, ordinances
      and
      orders of public authorities to own all of its properties and assets and to
      carry on its business in all material respects as it is now being conducted,
      including qualification to do business as a foreign corporation in the
      jurisdiction in which the character and location of the assets owned by it
      or
      the nature of the business transacted by it requires qualification. The
      execution and delivery of this Agreement does not and the consummation of the
      transactions contemplated by this Agreement in accordance with the terms hereof
      will not violate any provision of LGSE’s articles of incorporation or bylaws.
      LGSE has full power, authority and legal right and has taken all action required
      by law, its articles of incorporation, its bylaws or otherwise to authorize
      the
      execution and delivery of this Agreement.

    
      
         

      

      
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    5.2 Capitalization.
      

     

    The
      authorized capitalization of LGSE consists of 75,000,000 shares of common stock,
      $0.001 par value per share. As of the date hereof, LGSE has approximately
      21,050,000 shares of common stock issued and outstanding. All issued and
      outstanding shares are legally issued, fully paid and nonassessable and are
      not
      issued in violation of the preemptive or other rights of any person.

     

    5.3 Subsidiaries.
      

     

    LGSE
      has
      no subsidiaries other than Sub.

     

    5.4 Tax
      Matters: Books and Records.

     

    (a) The
      books
      and records, financial and others, of LGSE are in all material respects complete
      and correct and have been maintained in accordance with good business accounting
      practices; and

     

    (b) LGSE
      has
      no liabilities with respect to the payment of any country, federal, state,
      county, or local taxes (including any deficiencies, interest or
      penalties).

     

    (c) LGSE
      shall remain responsible for all debts incurred by LGSE prior to the date of
      closing.

     

    5.5 Litigation
      and Proceedings. 

     

    There
      are
      no actions, suits, proceedings or investigations pending or threatened by or
      against or affecting LGSE or its properties, at law or in equity, before any
      court or other governmental agency or instrumentality, domestic or foreign
      or
      before any arbitrator of any kind that would have a material adverse affect
      on
      the business, operations, financial condition or income of LGSE. LGSE is not
      in
      default with respect to any judgment, order, writ, injunction, decree, award,
      rule or regulation of any court, arbitrator or governmental agency or
      instrumentality or of any circumstances which, after reasonable investigation,
      would result in the discovery of such a default.

     

    5.6 Material
      Contract Defaults. 

     

    LGSE
      is
      not in default in any material respect under the terms of any outstanding
      contract, agreement, lease or other commitment which is material to the
      business, operations, properties, assets or condition of LGSE, and there is
      no
      event of default in any material respect under any such contract, agreement,
      lease or other commitment in respect of which LGSE has not taken adequate steps
      to prevent such a default from occurring.

    
      
         

      

      
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    5.7 Information.
      

     

    The
      information concerning LGSE as set forth in this Agreement and in the attached
      Schedules is complete and accurate in all material respects and does not contain
      any untrue statement of a material fact or omit to state a material fact
      required to make the statements made in light of the circumstances under which
      they were made, not misleading. 

     

    5.8 Title
      and Related Matters. 

     

    LGSE
      has
      good and marketable title to and is the sole and exclusive owner of all of
      its
      properties, inventory, interest in properties and assets, real and personal
      (collectively, the “Assets”)
      free
      and clear of all liens, pledges, charges or encumbrances. LGSE owns free and
      clear of any liens, claims, encumbrances, royalty interests or other
      restrictions or limitations of any nature whatsoever and all procedures,
      techniques, marketing plans, business plans, methods of management or other
      information utilized in connection with LGSE’s business. No third party has any
      right to, and LGSE has not received any notice of infringement of or conflict
      with asserted rights of other with respect to any product, technology, data,
      trade secrets, know-how, proprietary techniques, trademarks, service marks,
      trade names or copyrights which, singly on in the aggregate, if the subject
      of
      an unfavorable decision ruling or finding, would have a materially adverse
      affect on the business, operations, financial conditions or income of LGSE
      or
      any material portion of its properties, assets or rights.

     

    5.9 Contracts.
      

     

    On
      the
      Closing Date:

     

    (a) There
      are
      no material contracts, agreements franchises, license agreements, or other
      commitments to which LGSE is a party or by which it or any of its properties
      are
      bound;

     

    (b) LGSE
      is
      not a party to any contract, agreement, commitment or instrument or subject
      to
      any charter or other corporate restriction or any judgment, order, writ,
      injunction, decree or award materially and adversely affects, or in the future
      may (as far as LGSE can now foresee) materially and adversely affect, the
      business, operations, properties, assets or conditions of LGSE; and

     

    (c) LGSE
      is
      not a party to any material oral or written: (i) contract for the employment
      of
      any officer or employee; (ii) profit sharing, bonus, deferred compensation,
      stock option, severance pay, pension benefit or retirement plan, agreement
      or
      arrangement covered by Title IV of the Employee Retirement Income Security
      Act,
      as amended; (iii) agreement, contract or indenture relating to the borrowing
      of
      money; (iv) guaranty of any obligation for the borrowing of money or otherwise,
      excluding endorsements made for collection and other guaranties, of obligations,
      which, in the aggregate exceeds $1,000; (v) consulting or other contract with
      an
      unexpired term of more than one year or providing for payments in excess of
      $10,000 in the aggregate; (vi) collective bargaining agreement; (vii) contract,
      agreement or other commitment involving payments by it for more than $10,000
      in
      the aggregate.

     

    
      
         

      

      
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    5.10 Compliance
      With Laws and Regulations. 

     

    To
      the
      best of LGSE’s knowledge and belief, LGSE has complied with all applicable
      statutes and regulations of any federal, state or other governmental entity
      or
      agency thereof, except to the extent that noncompliance would not materially
      and
      adversely affect the business, operations, properties, assets or condition
      of
      LGSE or would not result in LGSE incurring material liability.

     

    5.11 Insurance.
      

     

    LGSE
      maintains no insurance policies.

     

    5.12 Approval
      of Agreement. 

     

    The
      directors of LGSE have authorized the execution and delivery of the Agreement
      by
      and have approved the transactions contemplated hereby.

     

    5.13 Material
      Transactions or Affiliations. 

     

    There
      are
      no material contracts or agreements of arrangement between LGSE and any person,
      who was at the time of such contract, agreement or arrangement an officer,
      director or person owning of record, or known to beneficially own ten percent
      (10%) or more of the LGSE Common Stock and which is to be performed in whole
      or
      in part after the date hereof. Except as disclosed in the attached Schedule,
      LGSE has no commitment, whether written or oral, to lend any funds to, borrow
      any money from or enter into material transactions with any such affiliated
      person. 

     

    5.14 No
      Conflict With Other Instruments. 

     

    The
      execution of this Agreement and the consummation of the transactions
      contemplated by this Agreement will not result in the breach of any term or
      provision of, or constitute an event of default under, any material indenture,
      mortgage, deed of trust or other material contract, agreement or instrument
      to
      which LGSE is a party or to which any of its properties or operations are
      subject.

     

    5.15 Governmental
      Authorizations. 

     

    LGSE
      has
      all licenses, franchises, permits or other governmental authorizations legally
      required to enable it to conduct its business in all material respects as
      conducted on the date hereof. Except for compliance with federal and state
      securities and corporation laws, as hereinafter provided, no authorization,
      approval, consent or order of, or registration, declaration or filing with,
      any
      court or other governmental body is required in connection with the execution
      and delivery by LGSE of this Agreement and the consummation of the transactions
      contemplated hereby.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    ARTICLE
      6. Special
      COVENANTS 

     

    6.1 Access
      to Properties and Records.

     

    Prior
      to
      closing, LGSE and CLP will each afford to the officers and authorized
      representatives of the other full access to the properties, books and records
      of
      each other, in order that each may have full opportunity to make such reasonable
      investigation as it shall desire to make of the affairs of the other and each
      will furnish the other with such additional financial and operating data and
      other information as to the business and properties of each other, as the other
      shall from time to time reasonably request.

     

    6.2 Availability
      of Rule 144.

     

    LGSE
      and
      CLP Shareholders holding “restricted securities, “ as that term is defined in
      Rule 144 promulgated pursuant to the Securities Act will remain as “restricted
      securities”. LGSE is under no obligation to register such shares under the
      Securities Act, or otherwise. The stockholders of LGSE and CLP holding
      restricted securities of LGSE and CLP as of the date of this Agreement and
      their
      respective heirs, administrators, personal representatives, successors and
      assigns, are intended third party beneficiaries of the provisions set forth
      herein. The covenants set forth in this Section 6.2 shall survive the Closing
      and the consummation of the transactions herein contemplated.

     

    6.3 The
      Stock Merger Consideration. 

     

    The
      consummation of this Agreement, including the issuance of the LGSE Common Stock
      to the CLP Shareholders as contemplated hereby, constitutes the offer and sale
      of securities under the Securities Act, and applicable state statutes. Such
      transaction shall be consummated in reliance on exemptions from the registration
      and prospectus delivery requirements of such statutes that depend, inter alia,
      upon the circumstances under which the CLP Shareholders acquire such securities.
      

     

    6.4 Third
      Party Consents. 

     

    LGSE
      and
      CLP agree to cooperate with each other in order to obtain any required third
      party consents to this Agreement and the transactions herein
      contemplated.

     

    6.5 Actions
      Prior and Subsequent to Closing.

     

    (a) From
      and
      after the date of this Agreement until the Closing Date, except as permitted
      or
      contemplated by this Agreement, LGSE and CLP will each use its best efforts
      to:

     

    (i) maintain
      and keep its properties in states of good repair and condition as at present,
      except for depreciation due to ordinary wear and tear and damage due to
      casualty; and

     

    (ii) perform
      in all material respects all of its obligations under material contracts, leases
      and instruments relating to or affecting its assets, properties and
      business.

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    (b) From
      and
      after the date of this Agreement until the Closing Date, LGSE will not, without
      the prior consent of CLP:

     

    (i) except
      as
      otherwise specifically set forth herein, make any change in its articles of
      incorporation or bylaws;

     

    (ii) declare
      or pay any dividend on its outstanding Common Shares, except as may otherwise
      be
      required by law, or effect any stock split or otherwise change its
      capitalization, except as provided herein;

     

    (iii) enter
      into or amend any employment, severance or agreements or arrangements with
      any
      directors or officers;

     

    (iv) grant,
      confer or award any options, warrants, conversion rights or other rights not
      existing on the date hereof to acquire any Common Shares; or 

     

    (v) purchase
      or redeem any LGSE Common Stock.

     

    6.6 Indemnification.

     

    (a) LGSE
      hereby agrees to indemnify CLP, each of the officers, agents and directors
      and
      current shareholders of CLP as of the Closing Date against any loss, liability,
      claim, damage or expense (including, but not limited to, any and all expense
      whatsoever reasonably incurred in investigating, preparing or defending against
      any litigation, commenced or threatened or any claim whatsoever), to which
      it or
      they may become subject to or rising out of or based on any material inaccuracy
      appearing in or misrepresentation made in this Agreement by LGSE. The
      indemnification provided for in this paragraph shall survive the Closing and
      consummation of the transactions contemplated hereby and termination of this
      Agreement for a period of two years; and 

     

    (b) CLP
      hereby agrees to indemnify LGSE, each of the officers, agents, directors and
      current shareholders of LGSE as of the Closing Date against any loss, liability,
      claim, damage or expense (including, but not limited to, any and all expense
      whatsoever reasonably incurred in investigating, preparing or defending against
      any litigation, commenced or threatened or any claim whatsoever), to which
      it or
      they may become subject arising out of or based on any inaccuracy appearing
      in
      or misrepresentation made in this Agreement by CLP. The indemnification provided
      for in this paragraph shall survive the Closing and consummation of the
      transactions contemplated hereby and termination of this Agreement.

     

    6.7 CLP
      Shareholder Representations.
      Each of
      the CLP Shareholders represents and warrants as follows:

     

    (a)
      as
      of the
      date of this Agreement each of the CLP Shareholders was, and at the Closing
      Date
      it is, an “accredited investor” as defined in Rule 501(a) under the Securities
      Act. Such CLP Shareholder has not been formed solely for the purpose of
      acquiring the LGSE Common Stock. Each CLP Shareholder is not a registered
      broker-dealer under Section 15 of the Exchange Act. 

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    (b)
      each of
      the CLP Shareholders are knowledgeable and experienced in finance and business
      matters and thus they are able to evaluate the risks and merits of acquiring
      the
      shares of Common Stock of LGSE; 

     

    (c)
      each
      of
      the CLP Shareholders are able to bear the economic risk of purchasing the LGSE
      common stock; 

     

    (d)
      LGSE
      has
      provided the CLP Shareholders with access to the type of information normally
      provided in a prospectus; 

     

    (e)
      LGSE
      did
      not use any form of public solicitation or general advertising in connection
      with the issuance of the shares;

     

    (f) as
      to the
      following CLP Shareholders (Fangde Zhang, Mingli Zhang, Lanrong Wei, Jianqiang
      Peng, Mengfang Chen, Wenwen Li, Jiajie Chen, Xiaoyan Zeng, Shaoqiu Li, Shenzhen
      Huayin Guaranty & Investment Company Limited, Arjuno Investments Limited,
      Billion Hero Investments Limited, Even Bright Investments Limited, Innovation
      Gaining Investments Limited, and Nation City Investments Limited, collectively
      the “Offshore
      CLP Shareholders”)  the
      offer
      of such securities was not made to a person in the United States and either
      (A)
      at the time the buy order was originated, each of the Offshore CLP Shareholders
      was outside the United States (in China), or LGSE and any person acting on
      its
      behalf reasonably believed that each Offshore CLP Shareholders was outside
      the
      United States, or (B) the transaction was not executed on or through the
      facilities of the Over the Counter Bulletin Board and neither LGSE nor any
      person acting on its behalf knows that the transaction has been prearranged
      with
      a person in the United States; 

     

    (g)
      the
      transactions contemplated hereby are bona fide and not for the purpose of
“washing off’ the resale restrictions imposed because the securities are
“restricted securities” (as that term is defined in Rule 144(a)(3) under the
      1933 Act); 

     

    (h)
      each of
      the CLP Shareholders understands and acknowledges that none of the LGSE Common
      Stock has been registered under the Securities Act. Each CLP Shareholder is
      acquiring the LGSE Common Stock as principal for its own account and not with
      a
      view to or for distributing or reselling such securities or any part thereof,
      without prejudice, however, to such CLP Shareholder's right, subject to the
      provisions of this Agreement, at all times to sell or otherwise dispose of
      all
      or any part of such securities pursuant to an effective registration statement
      under the Securities Act or under an exemption from such registration and in
      compliance with applicable federal and state securities laws. Nothing contained
      herein shall be deemed a representation or warranty by such CLP Shareholder
      to
      hold the securities for any period of time. Such CLP Shareholder is acquiring
      the LGSE Common Stock hereunder in the ordinary course of its business. Such
      CLP
      Shareholders does not have any agreement or understanding, directly or
      indirectly, with any Person to distribute any of the LGSE Common Stock.

     

     

    ARTICLE
      7. CONDITIONS PRECEDENT TO THE OBLIGATIONS

    OF
      LGSE AND SUB

     

    The
      obligations of LGSE and Sub under this Agreement are subject to the
      satisfaction, at or before the Closing Date, of the following
      conditions:

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    7.1 Accuracy
      of Representations. 

     

    The
      representations and warranties made by CLP in this Agreement were true when
      made
      and shall be true at the Closing Date with the same force and effect as if
      such
      representations and warranties were made at the Closing Date (except for changes
      therein permitted by this Agreement), and CLP shall have performed or complied
      with all covenants and conditions required by this Agreement to be performed
      or
      complied with by CLP prior to or at the Closing CLP shall be furnished with
      a
      certificate, signed by a duly authorized officer of CLP and dated the Closing
      Date, to the foregoing effect.

     

    7.2 Director
      Approval.

     

    The
      Board
      of Directors of LGSE shall have approved this Agreement and the transactions
      contemplated herein.

     

    7.3 Officer’s
      Certificate.

     

    LGSE
      shall have been furnished with a certificate dated the Closing Date and signed
      by a duly authorized officer of CLP to the effect that: (a) the representations
      and warranties of CLP set forth in the Agreement and in all exhibits, schedules
      and other documents furnished in connection herewith are in all material
      respects true and correct as if made on the Effective Date; (b) CLP has
      performed all covenants, satisfied all conditions, and complied with all other
      terms and provisions of this Agreement to be performed, satisfied or complied
      with by it as of the Effective Date; (c) since such date and other than as
      previously disclosed to LGSE, CLP has not entered into any material transaction
      other than transactions which are usual and in the ordinary course if its
      business; and (d) no litigation, proceeding, investigation or inquiry is pending
      or, to the best knowledge of CLP, threatened, which might result in an action
      to
      enjoin or prevent the consummation of the transactions contemplated by this
      Agreement or, to the extent not disclosed in the CLP Schedules, by or against
      CLP which might result in any material adverse change in any of the assets,
      properties, business or operations of CLP.

     

    7.4 No
      Material Adverse Change. 

     

    Prior
      to
      the Closing Date, there shall not have occurred any material adverse change
      in
      the financial condition, business or operations of nor shall any event have
      occurred which, with the lapse of time or the giving of notice, may cause or
      create any material adverse change in the financial condition, business or
      operations of CLP.

     

    7.5 Other
      Items.

     

    LGSE
      shall have received such further documents, certificates or instruments relating
      to the transactions contemplated hereby as LGSE may reasonably
      request.

     

    ARTICLE
      8. CONDITIONS
      PRECEDENT TO THE OBLIGATIONS

    OF
      CLP AND THE CLP SHAREHOLDERS

     

    The
      obligations of CLP and the CLP Shareholders under this Agreement are subject
      to
      the satisfaction, at or before the Closing date (unless otherwise indicated
      herein), of the following conditions:

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    8.1 Accuracy
      of Representations. 

     

    The
      representations and warranties made by LGSE in this Agreement were true when
      made and shall be true as of the Closing Date (except for changes therein
      permitted by this Agreement) with the same force and effect as if such
      representations and warranties were made at and as of the Closing Date, and
      LGSE
      shall have performed and complied with all covenants and conditions required
      by
      this Agreement to be performed or complied with by LGSE prior to or at the
      Closing. CLP shall have been furnished with a certificate, signed by a duly
      authorized executive officer of LGSE and dated the Closing Date, to the
      foregoing effect.

     

    8.2 Director
      Approval.

     

    The
      Board
      of Directors of LGSE shall have approved this Agreement and the transactions
      contemplated herein.

     

    8.3 No
      Material Adverse Change. 

     

    Prior
      to
      the Closing Date, there shall not have occurred any material adverse change
      in
      the financial condition, business or operations of nor shall any event have
      occurred which, with the lapse of time or the giving of notice, may cause or
      create any material adverse change in the financial condition, business or
      operations of LGSE 

     

    ARTICLE
      9. TERMINATION

     

    9.1 Termination
      Rights.

     

    (a) This
      Agreement may be terminated by the board of directors of either LGSE or CLP,
      respectively, at any time prior to the Closing Date if:

     

    (i) there
      shall be any action or proceeding before any court or any governmental body
      which shall seek to restrain, prohibit or invalidate the transactions
      contemplated by this Agreement and which, in the judgment of such board of
      directors, made in good faith and based on the advice of its legal counsel,
      makes it inadvisable to proceed with the exchange contemplated by this
      Agreement; or 

     

    (ii) any
      of
      the transactions contemplated hereby are disapproved by any regulatory authority
      whose approval is required to consummate such transactions.

     

    In
      the
      event of termination pursuant to this paragraph (a), no obligation, right,
      or
      liability shall arise hereunder and each party shall bear all of the expenses
      incurred by it in connection with the negotiation, drafting and execution of
      this Agreement and the transactions herein contemplated.

     

    (b) This
      Agreement may be terminated at any time prior to the Closing Date by action
      of
      the board of directors of LGSE if CLP shall fail to comply in any material
      respect with any of its covenants or agreements contained in this Agreement
      or
      if any of the representations or warranties of CLP contained herein shall be
      inaccurate in any material respect, which noncompliance or inaccuracy is not
      cured after 20 days written notice thereof is given to CLP. If this Agreement
      is
      terminated pursuant to this paragraph (b), this Agreement shall be of no further
      force or effect and no obligation, right or liability shall arise
      hereunder.

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    (c) This
      Agreement may be terminated at any time prior to the Closing Date by action
      of
      the board of directors of CLP if LGSE shall fail to comply in any material
      respect with any of its covenants or agreements contained in this Agreement
      or
      if any of the representations or warranties of LGSE contained herein shall
      be
      inaccurate in any material respect, which noncompliance or inaccuracy is not
      cured after 20 days written notice thereof is given to LGSE If this Agreement
      is
      terminated pursuant to this paragraph (d), this Agreement shall be of no further
      force or effect and no obligation, right or liability shall arise
      hereunder.

     

    (d) In
      the
      event of termination pursuant to paragraph (b) and (c) hereof, the breaching
      party shall bear all of the expenses incurred by the other party in connection
      with the negotiation, drafting and execution of this Agreement and the
      transactions herein contemplated.

     

    ARTICLE
      10. MISCELLANEOUS

     

    10.1 Brokers
      and Finders. 

     

    Each
      party hereto hereby represents and warrants that it is under no obligation,
      express or implied, to pay certain finders in connection with the bringing
      of
      the parties together in the negotiation, execution, or consummation of this
      Agreement. The parties each agree to indemnify the other against any claim
      by
      any third person for any commission, brokerage or finder’s fee or other payment
      with respect to this Agreement or the transactions contemplated hereby based
      on
      any alleged agreement or understanding between the indemnifying party and such
      third person, whether express or implied from the actions of the indemnifying
      party.

     

    10.2 Law,
      Forum and Jurisdiction.

     

    This
      Agreement shall be construed and interpreted in accordance with the laws of
      the
      State of New York, United States of America, except for applicable provisions
      of
      the Nevada General Corporation Law, which shall control to the extent
      applicable.

     

    10.3 Notices.
      

     

    Any
      notices or other communications required or permitted hereunder shall be
      sufficiently given if personally delivered to it or sent by registered mail
      or
      certified mail, postage prepaid, or by prepaid telegram addressed as
      follows:

     

    If
      to
      LGSE: 10880 Wilshire Blvd Suite 2250, Los Angeles, CA 90024. 

     

    If
      to
      CLP: Akara Building, No. 24 De Castro Street, Wickhams Cay 1, Road Town,
      Tortola, British Virgin Islands. 

    

    or
      such
      other addresses as shall be furnished in writing by any party in the manner
      for
      giving notices hereunder, and any such notice or communication shall be deemed
      to have been given as of the date so delivered, mailed or
      telegraphed.

     

    10.4 Attorneys’
      Fees.

     

    In
      the
      event that any party institutes any action or suit to enforce this Agreement
      or
      to secure relief from any default hereunder or breach hereof, the breaching
      party or parties shall reimburse the non-breaching party or parties for all
      costs, including reasonable attorneys’ fees, incurred in connection therewith
      and in enforcing or collecting any judgment rendered therein.

     

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    10.5 Confidentiality.

     

    Each
      party hereto agrees with the other party that, unless and until the transactions
      contemplated by this Agreement have been consummated, they and their
      representatives will hold in strict confidence all data and information obtained
      with respect to another party or any subsidiary thereof from any representative,
      officer, director or employee, or from any books or records or from personal
      inspection, of such other party, and shall not use such data or information
      or
      disclose the same to others, except: (i) to the extent such data is a matter
      of
      public knowledge or is required by law to be published; and (ii) to the extent
      that such data or information must be used or disclosed in order to consummate
      the transactions contemplated by this Agreement.

     

    10.6 Schedules;
      Knowledge.

     

    Each
      party is presumed to have full knowledge of all information set forth in the
      other party’s schedules delivered pursuant to this Agreement.

     

    10.7 Third
      Party Beneficiaries. 

     

    This
      contract is solely among the parties hereto and except as specifically provided,
      no director, officer, stockholder, employee, agent, independent contractor
      or
      any other person or entity shall be deemed to be a third party beneficiary
      of
      this Agreement.

     

    10.8 Entire
      Agreement. 

     

    This
      Agreement represents the entire agreement between the parties relating to the
      subject matter hereof. This Agreement alone fully and completely expresses
      the
      agreement of the parties relating to the subject matter hereof. There are no
      other courses of dealing, understanding, agreements, representations or
      warranties, written or oral, except as set forth herein. This Agreement may
      not
      be amended or modified, except by a written agreement signed by all parties
      hereto.

     

    10.9 Survival;
      Termination. 

     

    The
      representations, warranties and covenants of the respective parties shall
      survive the Closing Date and the consummation of the transactions herein
      contemplated for 18 months.

     

    10.10 Counterparts.
      

     

    This
      Agreement may be executed in multiple counterparts, each of which shall be
      deemed an original and all of which taken together shall be but a single
      instrument. 

     

    10.11 Amendment
      or Waiver.

     

    Every
      right and remedy provided herein shall be cumulative with every other right
      and
      remedy, whether conferred herein, at law, or in equity, and may be enforced
      concurrently herewith, and no waiver by any party of the performance of any
      obligation by the other shall be construed as a waiver of the same or any other
      default then, theretofore, or thereafter occurring or existing. At any time
      prior to the Closing Date, this Agreement may be amended by a by all parties
      hereto, with respect to any of the terms contained herein, and any term or
      condition of this Agreement may be waived or the time for performance hereof
      may
      be extended by the party or parties for whose benefit the provision is
      intended.

     

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    10.12 Expenses.

     

    Each
      party herein shall bear all of their respective cost s and expenses incurred
      in
      connection with the negotiation of this Agreement and in the consummation of
      the
      transactions provided for herein and the preparation thereof.

     

    10.13 Headings;
      Context.

     

    The
      headings of the sections and paragraphs contained in this Agreement are for
      convenience of reference only and do not form a part hereof and in no way
      modify, interpret or construe the meaning of this Agreement.

     

    10.14 Benefit.

     

    This
      Agreement shall be binding upon and shall inure only to the benefit of the
      parties hereto, and their permitted assigns hereunder. This Agreement shall
      not
      be assigned by any party without the prior written consent of the other party.
      

     

    10.15 Public
      Announcements.

     

    Except
      as
      may be required by law, neither party shall make any public announcement or
      filing with respect to the transactions provided for herein without the prior
      consent of the other party hereto.

     

    10.16 Severability.
      

     

    In
      the
      event that any particular provision or provisions of this Agreement or the
      other
      agreements contained herein shall for any reason hereafter be determined to
      be
      unenforceable, or in violation of any law, governmental order or regulation,
      such unenforceability or violation shall not affect the remaining provisions
      of
      such agreements, which shall continue in full force and effect and be binding
      upon the respective parties hereto.

     

    10.17 Failure
      of Conditions; Termination.

     

    In
      the
      event of any of the conditions specified in this Agreement shall not be
      fulfilled on or before the Closing Date, either of the parties have the right
      either to proceed or, upon prompt written notice to the other, to terminate
      and
      rescind this Agreement. In such event, the party that has failed to fulfill
      the
      conditions specified in this Agreement will liable for the other parties legal
      fees. The election to proceed shall not affect the right of such electing party
      reasonably to require the other party to continue to use its efforts to fulfill
      the unmet conditions.

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    10.18 No
      Strict Construction.

     

    The
      language of this Agreement shall be construed as a whole, according to its
      fair
      meaning and intendment, and not strictly for or against either party hereto,
      regardless of who drafted or was principally responsible for drafting the
      Agreement or terms or conditions hereof.

     

    10.19 Execution
      Knowing and Voluntary.

     

    In
      executing this Agreement, the parties severally acknowledge and represent that
      each: (a) has fully and carefully read and considered this Agreement; (b) has
      been or has had the opportunity to be fully apprized by its attorneys of the
      legal effect and meaning of this document and all terms and conditions hereof;
      (c) is executing this Agreement voluntarily, free from any influence, coercion
      or duress of any kind.

     

     

    [Signature
      page follows]

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    In
      Witness Whereof,
      LGSE,
      Sub and CLP, each pursuant to the approval and authority duly given, as well
      as
      the CLP Shareholders, have caused this Agreement and Plan of Merger to be
      executed as of the date first above written.

     

    
      	 	 	
              LGSE
                

            
	 	 	 
	 	 	
              By:

            	 
	 	 	 	
              Biao
                Tan

              Its
                Chairman of the Board and Chief Executive Officer

            
	 	 	 	 
	 	 	 	 
	 	 	
              LGSE
                Merger Sub, Inc. 

            
	 	 	 	 
	 	 	 	 
	 	 	
              By:

            	 
	 	 	 	
              Biao
                Tan

              Its
                Chairman of the Board and Chief Executive Officer

            
	 	 	 	 
	 	 	 	 
	 	 	
              China
                Lipu Paper Limited 

            
	 	 	 
	 	 	 
	 	 	
              By:

            	
               

            
	 	 	 	
              President/
                Director 

            
	 	 	 	 
	 	 	
              CLP
                Shareholders

            
	 	 	 	 
	 	 	 	 
	 	 	 	
              __________________

            
	 	 	 	
              Fangde
                Zhang 

            
	 	 	 	 
	 	 	 	
               

            
	
              __________________

            	 	 	
              __________________

            
	
              Wenwen
                Li

            	 	 	
              Mingli
                Zhang

            
	 	 	 	 
	 	 	 	 
	
              __________________

            	 	 	
              __________________

            
	
              Jiajie
                Chen

            	 	 	
              Lanrong
                Wei

            
	 	 	 	 
	 	 	 	 
	
              __________________

            	 	 	
              __________________

            
	
              Xiaoyan
                Zeng

            	 	 	
              Jianqiang
                Peng

            
	 	 	 	 
	
              __________________

            	 	 	
              __________________

            
	
              Shaoqiu
                Li

            	 	 	
              Mengfang
                Chen

            
	 	 	 	
               

            
	
              Innovation
                Gaining Investments Limited 

            	 	 	
              Shenzhen
                Huayin Guaranty & Investment Company Limited
                

            
	 	 	 	 
	
              By:
                ___________________________

            	 	
              By:

            	
               

            
	
              Name:

            	 	
              Name:

            	 
	
              Title:

            	 	
              Title:

            	 
	
              Nation
                City Investments Limited

            	 	 	
              Arjuno
                Investments Limited 

            
	 	 	 	 
	
              By:
                ___________________________

            	 	
              By:

            	
               

            
	
              Name:

            	 	
              Name:

            	 
	
              Title:

            	 	
              Title:

            	 
	 	 	 	
              Billion
                Hero Investments Limited 

            
	 	 	 	 
	 	 	
              By:

            	 
	 	 	
              Name:

            	
               

            
	 	 	
              Title:

            	 
	 	 	 	
              Even
                Bright Investment Limited

            
	 	 	 	 
	 	 	
              By:
                

            	
              ___________________________

            
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 

    

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    SCHEDULE
      A

     

    CLP
      SHAREHOLDERS

    

    
      	
               

              Name
                of CLP Shareholder

            	 	
              CLP
                Common Stock

              Ownership
                %

            	 	
               

              Shares
                of CLP

            	 	
               

              Shares
                of LGSE Common Stock 

            	 
	 	 	 	 	 	 	 	 
	
              Fangde
                Zhang 

              Mingli
                Zhang

              Lanrong
                Wei

              Jianqiang
                Peng

              Mengfang
                Chen

            	 	 	
              22.12

              5.688

              4.424

              6.952

              3.16

            	
              %

              %

              %

              %

              %

            	 	
              11,060

              2,844

              2,212

              3,476

              1,580

            	 	 	
              5,978,587

              1,537,351

              1,195,717

              1,878,984

              854,084

            	 
	
              Wenwen
                Li

              Jiajie
                Chen

              Xiaoyan
                Zeng

              Shaoqiu
                Li 

            	 	 	
              3.16

              7.584

              3.16

              6.952

            	
              %

              %

              %

              %

            	 	
              1,580

              3,792

              1,580

              3,476

            	 	 	
              854,084

              2,049,801

              854,084

              1,878,984

            	 
	
              Shenzhen
                Huayin Guaranty & Investment Company Limited

            	 	 	
              6.3

            	
              %

            	 	
              3,150

            	 	 	
              1,702,762

            	 
	
              Arjuno
                Investments Limited

            	 	 	
              6.1

            	
              %

            	 	
              3,050

            	 	 	
              1,648,706

            	 
	
              Billion
                Hero Investments Limited 

            	 	 	
              6.1

            	
              %

            	 	
              3,050

            	 	 	
              1,648,706

            	 
	
              Even
                Bright Investments Limited

            	 	 	
              6.1

            	
              %

            	 	
              3,050

            	 	 	
              1,648,706

            	 
	
              Innovation
                Gaining Investments Limited

            	 	 	
              6.1

            	
              %

            	 	
              3,050

            	 	 	
              1,648,706

            	 
	
              Nation
                City Investments Limited

            	 	 	
              6.1

            	
              %

            	 	
              3,050

            	 	 	
              1,648,706

            	 
	
              Total
                

            	 	 	
              100

            	
              %

            	 	
              50,000

            	 	 	
              27,027,968

            	 

    

    
      
         

      

      
        21--------------------------------------------------------------------------------

                            STOCK PURCHASE AGREEMENT

                                 By and Between

                         MEDICAL MEDIA TELEVISION, INC.

                                      and

                           VICIS CAPITAL MASTER FUND

                                 April 18, 2007

--------------------------------------------------------------------------------

<PAGE>

                            STOCK PURCHASE AGREEMENT

         This STOCK PURCHASE AGREEMENT (the "Agreement"), dated this 18th day of
April,  2007, is made by and between MEDICAL MEDIA  TELEVISION,  INC., a Florida
corporation (the "Company"), and VICIS CAPITAL MASTER FUND, a trust formed under
the laws of the Cayman Islands (the "Purchaser").

                                 R E C I T A L S

         WHEREAS,  pursuant to the terms and conditions of this  Agreement,  the
Company wishes to issue and sell to the Purchaser,  and the Purchaser  wishes to
acquire  from the  Company  5,000,000  shares  (the  "Acquired  Shares")  of the
Company's common stock, par value $.0005 per share (the "Common Stock").

         WHEREAS,  the  Purchaser  is also the  holder of (a)  certain  warrants
issued by the Company to acquire  Common Stock of the Company (the  "Warrants");
(b) certain  shares of preferred  stock of the Company  convertible  into Common
Stock of the Company (the "Preferred Shares");  and (c) certain promissory notes
and debentures convertible into Common Stock of the Company (the "Notes").

         WHEREAS, the Warrants,  the Preferred Shares, and the Notes are subject
to certain anti-dilution  provisions (the "Ratchet Provisions") that require the
Company to reduce the exercise price of the Warrants and the conversion price of
the Preferred  Shares and Notes in the event that the Company  issues its Common
Stock in certain  transactions  for a price less than the exercise  price of the
Warrants or the conversion  price of the Preferred  Shares or Notes, as the case
may be;

         WHEREAS,  although  the  Company's  issuance  and sale of the  Acquired
Shares  to the  Purchaser  pursuant  to  this  Agreement  triggers  the  Ratchet
Provision  described in the  preceding  paragraph,  the  Purchaser has agreed to
waive the Ratchet Provisions  contained in the Preferred Shares and Notes solely
in connection with this transaction.

         NOW, THEREFORE, the Company and the Purchaser hereby agree as follows:

                                   ARTICLE I
                    PURCHASE AND SALE OF THE ACQUIRED SHARES

         1.1 Purchase and Sale of the Acquired Shares.  Subject to the terms and
conditions  hereof  and  in  reliance  on  the  representations  and  warranties
contained  herein,  or made pursuant hereto,  the Company will issue and sell to
the  Purchaser,  and the Purchaser will purchase from the Company at the closing
of the transactions contemplated hereby (the "Closing"), the Acquired Shares for
$50,000 in cash (the "Purchase Price").

         1.2  Closing.  The  Closing  shall be deemed to occur at the offices of
Quarles & Brady,  LLP, 411 East Wisconsin Avenue,  Milwaukee,  Wisconsin at 5:00
p.m.  CDT on April 18,  2007 or at such other  place,  date or time as  mutually
agreeable to the parties (the "Closing Date).

<PAGE>

         1.3  Closing  Matters.  On the Closing  Date,  subject to the terms and
conditions  hereof,  the Company  will deliver to the  Purchaser a  certificate,
registered in the name of the Purchaser, representing the Acquired Shares.

                                   ARTICLE II
                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

         The Company  hereby  represents and warrants to the Purchaser as of the
date of this Agreement as follows:

         2.1 Organization and  Qualification.  The Company is a corporation duly
organized  and  validly  existing  and in good  standing  under  the laws of the
jurisdiction in which it is incorporated,  and has all requisite corporate power
and  authority  to carry on its business as now  conducted.  The Company is duly
qualified as a foreign  corporation  to do business  and is in good  standing in
every  jurisdiction  in which its  ownership  of  property  or the nature of the
business  conducted  by it makes  such  qualification  necessary,  except to the
extent that the failure to be so qualified or be in good standing would not have
a Material Adverse Effect. As used in this Agreement,  "Material Adverse Effect"
means  any  material  adverse  effect  on  the  business,   properties,  assets,
operations,  results  of  operations,  condition  (financial  or  otherwise)  or
prospects  of the  Company  or its  Subsidiaries  (as  defined  below) or on the
transactions  contemplated  hereby or by the  agreements  and  instruments to be
entered  into in  connection  herewith,  or on the  authority  or ability of the
Company  to  perform  its  obligations  under  the  Transaction   Documents  (as
hereinafter defined).

         2.2  Subsidiaries.  The Company has no subsidiaries  other than PetCARE
Television Network,  Inc., a Florida corporation  ("PetCARE"),  African American
Medical Network,  Inc., a Florida corporation ("African American Medical"),  and
KidCARE Medical  Television  Network,  Inc., a Florida  corporation  ("KidCARE")
(each a "Subsidiary" and collectively, the "Subsidiaries").  Except as set forth
on Schedule 2.2, the Company owns,  directly or  indirectly,  all of the capital
stock of its  Subsidiaries,  free and  clear of any and all  Liens,  and all the
issued and  outstanding  shares of capital stock of each  Subsidiary are validly
issued and are fully paid,  non-assessable  and free of  preemptive  and similar
rights. Each Subsidiary is a corporation duly organized and validly existing and
in good standing under the laws of the jurisdiction in which it is incorporated,
and has all requisite  corporate power and authority to carry on its business as
now conducted.  Each Subsidiary is duly qualified as a foreign corporation to do
business and is in good standing in every jurisdiction in which its ownership of
property or the nature of the business  conducted by it makes such qualification
necessary,  except to the extent  that the failure to be so  qualified  or be in
good standing would not have a Material Adverse Effect.

         2.3 No Violation. Neither the Company nor any of its Subsidiaries is in
violation  of: (a) any of the  provisions  of its  certificate  or  articles  of
incorporation,  bylaws or other organizational or charter documents;  or (b) any
judgment,  decree  or  order  or any  statute,  ordinance,  rule  or  regulation
applicable  to the  Company  or any of its  Subsidiaries,  except  for  possible
violations  which would not,  individually or in the aggregate,  have a Material
Adverse Effect.

                                       2
<PAGE>

         2.4 Capitalization.

            (a) Immediately before the Closing,  the authorized capital stock of
the Company  consists of: (i)  100,000,000  shares of Common Stock, of which (A)
47,014,189 shares are issued and outstanding, (B) no shares of Common Stock held
in treasury,  (C)  52,819,872  shares of Common Stock reserved for issuance upon
the exercise of options,  warrants and other securities  convertible into Common
Stock; and (ii) 25,000,000  shares of Preferred Stock, of which 1,682,044 shares
have been designated as "Series A Preferred  Stock,"  2,612,329 shares have been
designated  as  "Series  B  Preferred  Stock,"  and  400,000  shares  have  been
designated as "Series C Preferred  Stock," of which (X) 1,682,044  shares of the
Company's  Series A Preferred  Stock are issued and  outstanding,  (Y) 2,612,329
shares of the Company's Series B Preferred Stock are issued and outstanding, and
(Z)  32,242  shares of the  Company's  Series C  Preferred  Stock are issued and
outstanding.  All of such  issued and  outstanding  shares  have  been,  or upon
issuance will be, validly issued, are fully paid and nonassessable.

            (b)  Except  as  disclosed  in  the  Company's  reports,   financial
statements,  schedules,  forms,  statements and other  documents  required to be
filed by it with the Securities and Exchange  Commission (the "SEC") pursuant to
the reporting  requirements  of the Securities  Exchange Act of 1934, as amended
(the "Exchange Act") or otherwise on Schedule  2.4(b),  prior to the date hereof
(the "SEC Documents"):

               (i) no holder of shares of the  Company's  capital  stock has any
preemptive  rights or any other similar  rights or has been granted or holds any
liens or encumbrances suffered or permitted by the Company;

               (ii) there are no outstanding options, warrants, scrip, rights to
subscribe to, calls or commitments of any character  whatsoever  relating to, or
securities or rights  convertible  into, or exercisable or exchangeable for, any
shares of capital stock of the Company or any of its Subsidiaries, or contracts,
commitments,  understandings  or arrangements by which the Company or any of its
Subsidiaries is or may become bound to issue additional  shares of capital stock
of the Company or any of its Subsidiaries or options, warrants, scrip, rights to
subscribe to, calls or commitments of any character  whatsoever  relating to, or
securities or rights  convertible  into, or exercisable or exchangeable for, any
shares of capital stock of the Company or any of its Subsidiaries;

               (iii) there are no outstanding  debt  securities,  notes,  credit
agreements,  credit  facilities or other  agreements,  documents or  instruments
evidencing  Indebtedness  (as defined in Section  2.13 hereof) of the Company or
any of its Subsidiaries or by which the Company or any of its Subsidiaries is or
may become bound;

               (iv) there are no financing  statements  securing  obligations in
any material  amounts,  either singly or in the  aggregate,  filed in connection
with the Company any of its Subsidiaries;

               (v) there  are no  agreements  or  arrangements  under  which the
Company or any of its  Subsidiaries  is obligated to register the sale of any of
their securities under the Securities Act of 1933, as amended,  (the "Securities
Act");

                                       3
<PAGE>

               (vi) there are no  outstanding  securities or  instruments of the
Company  or any of its  Subsidiaries  that  contain  any  redemption  or similar
provisions,  and  there  are  no  contracts,   commitments,   understandings  or
arrangements  by which the Company or any of its  Subsidiaries  is or may become
bound to redeem a security of the Company or any of its Subsidiaries; and

               (vii) the Company does not have any stock appreciation  rights or
"phantom stock" plans or agreements or any similar plan or agreement.

            (c) Except for the Warrants,  the Preferred  Stock and the Notes, or
as set  forth  in  Schedule  2.4(c),  there  are no  securities  or  instruments
containing   antidilution   provisions,   provisions   similar  to  the  Ratchet
Provisions,  or other similar  provisions that will be triggered by the issuance
of the Acquired Shares.

         2.5 Issuance of the Acquired  Shares.  The Acquired Shares to be issued
hereunder are duly  authorized and, upon payment and issuance in accordance with
the terms hereof,  shall be fully paid and  nonassessable  and are free from all
taxes, Liens and charges with respect to the issuance thereof.

         2.6 Authorization; Enforcement; Validity. The Company has the requisite
corporate  power and authority to enter into and perform its  obligations  under
this Agreement and each of the other  agreements or instruments  entered into by
the parties  hereto in connection  with the  transactions  contemplated  by this
Agreement (collectively,  the "Transaction Documents") and to issue the Acquired
Shares in  accordance  with the terms  hereof and  thereof.  The  execution  and
delivery of the Transaction Documents by the Company and the consummation by the
Company of the transactions contemplated hereby and thereby, including,  without
limitation,  and the issuance of the Acquired Shares,  have been duly authorized
by the board of directors of the Company (the "Board"),  and no further  consent
or authorization is required by the Company, the Board or its stockholders. This
Agreement  and the other  Transaction  Documents of even date herewith have been
duly executed and delivered by the Company,  and constitute the legal, valid and
binding obligations of the Company enforceable against the Company in accordance
with their respective terms, except (i) as such enforceability may be limited by
general   principles   of   equity   or   applicable   bankruptcy,   insolvency,
reorganization,   moratorium,  liquidation  or  similar  laws  relating  to,  or
affecting  generally,  the  enforcement  of  applicable  creditors'  rights  and
remedies,  or (ii) as any rights to indemnity or  contribution  hereunder may be
limited by federal and state securities laws and public policy consideration.

         2.7 No  Conflicts.  The  execution,  delivery  and  performance  of the
Transaction  Documents by the Company and the consummation by the Company of the
transactions  contemplated hereby and thereby will not (i) result in a violation
of  any  articles  or  certificate   of   incorporation,   any   certificate  of
designations,  preferences  and rights of any  outstanding  series of  preferred
stock or bylaws of the Company or any of its Subsidiaries or (ii) conflict with,
or  constitute a default (or an event which with notice or lapse of time or both
would  become a default)  under,  or give to others  any rights of  termination,
amendment, acceleration or cancellation of, any material agreement, indenture or
instrument to which the Company or any of its  Subsidiaries is a party, or (iii)
result in a violation of any law, rule,  regulation,  order,  judgment or decree
(including federal and state securities laws and regulations)  applicable to the
Company  or any of its  Subsidiaries  or by which any  property  or asset of the
Company or any of its  Subsidiaries is bound or affected,  except in the case of
clauses (ii) and (iii), for such breaches or defaults as would not be reasonably
expected to have a Material Adverse Effect.

                                       4
<PAGE>

         2.8 Governmental  Consents.  Except for the filing of a Form D and Form
8-K  with  the  SEC,  the  Company  is  not  required  to  obtain  any  consent,
authorization  or order of, or make any filing or registration  with, any court,
governmental  agency or any  regulatory or  self-regulatory  agency or any other
Person (as hereinafter  defined) in order for it to execute,  deliver or perform
any of its obligations  under or contemplated by the Transaction  Documents,  in
each  case,  in  accordance  with the terms  hereof or  thereof.  All  consents,
authorizations,  orders, filings and registrations which the Company is required
to obtain at or prior to the Closing  pursuant to the  preceding  sentence  have
been obtained or effected.  The Company is unaware of any facts or circumstances
which  might  prevent  the  Company  from  obtaining  or  effecting  any  of the
foregoing.

         2.9 No  General  Solicitation.  Neither  the  Company,  nor  any of its
affiliates,  nor any Person  acting on its or their  behalf,  has engaged in any
form of general  solicitation  or general  advertising  (within  the  meaning of
Regulation D under the Securities  Act) in connection  with the offer or sale of
the Acquired Shares.

         2.10 No Integrated Offering. None of the Company, its subsidiaries, any
of their  affiliates,  and any Person  acting on their  behalf has,  directly or
indirectly,  made any offers or sales of any security or solicited any offers to
buy any security,  under  circumstances  that would require  registration of the
Acquired  Shares under the Securities Act or cause this offering of the Acquired
Shares to be integrated  with prior offerings by the Company for purposes of the
Securities Act or any applicable stockholder approval provisions.

         2.11 Placement Agent's Fees. No brokerage or finder's fee or commission
are or  will  be  payable  to  any  Person  with  respect  to  the  transactions
contemplated  by this Agreement based upon  arrangements  made by the Company or
any of its affiliates.

         2.12  Litigation.  Except as set forth on  Schedule  2.12,  There is no
action,  suit,  proceeding,  inquiry  or  investigation  before or by any court,
public board,  government agency,  self-regulatory  organization or body pending
or, to the  knowledge  of the  Company,  threatened  against  or  affecting  the
Company, the transactions  contemplated by the Transaction Documents, the Common
Stock or any of its  Subsidiaries or any of their  respective  current or former
officers or  directors  in their  capacities  as such.  To the  knowledge of the
Company,  there has not been  within  the past two (2)  years,  and there is not
pending,  any  investigation  by the SEC involving the Company or any current or
former director or officer of the Company (in his or her capacity as such).  The
SEC has not issued any stop order or other order suspending the effectiveness of
any registration  statement filed by the Company under the Securities Act within
the past two (2) years.

                                       5
<PAGE>

         2.13  Indebtedness and Other Contracts.  Except as disclosed in the SEC
Documents or otherwise set forth on Schedule  2.13,  neither the Company nor any
of its Subsidiaries (a) has any outstanding Indebtedness (as defined below), (b)
is a party to any contract,  agreement or instrument, the violation of which, or
default  under,  by any other party to such  contract,  agreement or  instrument
would result in a Material Adverse Effect, (c) is in violation of any term of or
in  default  under  any  contract,  agreement  or  instrument  relating  to  any
Indebtedness,  except  where such  violations  and  defaults  would not  result,
individually  or in the aggregate,  in a Material  Adverse  Effect,  or (d) is a
party to any contract, agreement or instrument relating to any Indebtedness, the
performance  of which,  in the  judgment of the  Company's  officers,  has or is
expected to have a Material Adverse Effect. For purposes of this Agreement:  (x)
"Indebtedness" of any Person means, without duplication (i) all indebtedness for
borrowed  money,  (ii) all  obligations  issued,  undertaken  or  assumed as the
deferred  purchase  price of  property or  services  (other than trade  payables
entered into in the ordinary  course of business),  (iii) all  reimbursement  or
payment  obligations  with respect to letters of credit,  surety bonds and other
similar instruments,  (iv) all obligations evidenced by notes, bonds, debentures
or  similar  instruments,   including   obligations  so  evidenced  incurred  in
connection  with the  acquisition  of property,  assets or  businesses,  (v) all
indebtedness  created  or  arising  under any  conditional  sale or other  title
retention  agreement,  or incurred as financing,  in either case with respect to
any property or assets  acquired  with the proceeds of such  indebtedness  (even
though the rights and remedies of the seller or bank under such agreement in the
event of default are limited to repossession or sale of such property), (vi) all
monetary  obligations  under  any  leasing  or  similar  arrangement  which,  in
connection with generally accepted accounting  principles,  consistently applied
for the periods  covered  thereby,  is classified as a capital lease,  (vii) all
indebtedness  referred to in clauses (i) through  (vi) above  secured by (or for
which the holder of such  Indebtedness  has an  existing  right,  contingent  or
otherwise,  to be secured  by) any  mortgage,  lien,  pledge,  change,  security
interest  or other  encumbrance  upon or in any  property  or assets  (including
accounts and contract rights) owned by any Person,  even though the Person which
owns such assets or property has not assumed or become liable for the payment of
such  indebtedness,   and  (viii)  all  Contingent  Obligations  in  respect  of
indebtedness  or  obligations  of others of the kinds referred to in clauses (i)
through (vii) above; (y) "Contingent  Obligation"  means, as to any Person,  any
direct or  indirect  liability,  contingent  or  otherwise,  of that Person with
respect to any  indebtedness,  lease,  dividend or other  obligation  of another
Person if the primary purpose or intent of the Person  incurring such liability,
or the primary effect  thereof,  is to provide  assurance to the obligee of such
liability that such liability will be paid or discharged, or that any agreements
relating  thereto will be complied  with, or that the holders of such  liability
will be protected (in whole or in part) against loss with respect  thereto;  and
(z) "Person" means an individual, a limited liability company, a partnership,  a
joint venture,  a corporation,  a trust, an  unincorporated  organization  and a
government or any department or agency thereof.

         2.14  Financial  Information;  SEC  Documents.  Except  as set forth on
Schedule 2.14, the Company has filed all reports,  schedules,  forms, statements
and other  documents  required  to be filed by it with the SEC  pursuant  to the
reporting  requirements of the Exchange Act. As of their  respective  dates, the
SEC Documents  complied in all material  respects with the  requirements  of the
Exchange Act and the rules and  regulations  of the SEC  promulgated  thereunder
applicable to such SEC Documents,  and none of such SEC  Documents,  at the time
they were filed with the SEC,  contained any untrue statement of a material fact
or omitted to state a material fact  required to be stated  therein or necessary
in order to make the statements therein, in the light of the circumstances under
which  they  were  made,  not  misleading.  As of their  respective  dates,  the
financial  statements of the Company included in such SEC Documents  complied as
to form in all material respects with applicable accounting requirements and the
published rules and regulations of the SEC with respect thereto.  Such financial
statements have been prepared in accordance with generally  accepted  accounting
principles, consistently applied, during the periods involved (except (i) as may
be otherwise  indicated in such financial  statements or the notes  thereto,  or
(ii) in the case of unaudited interim statements, to the extent they may exclude
footnotes or may be condensed or summary  statements)  and fairly present in all
material respects the financial  position of the Company as of the dates thereof
and the  results of its  operations  and cash flows for the  periods  then ended
(subject,  in the  case  of  unaudited  statements,  to  normal  year-end  audit
adjustments).  No other  information  provided by or on behalf of the Company to
the  Purchaser  that is not  included in the SEC  Documents  contains any untrue
statement of a material  fact or omits to state any material  fact  necessary in
order to make the statements  therein,  in the light of the  circumstance  under
which they are or were made, not misleading.

                                       6
<PAGE>

         2.15  Absence  of  Certain  Changes.  Except  as  disclosed  in the SEC
Documents,  since December 31, 2005,  there has been no material  adverse change
and no material  adverse  development in the business,  properties,  operations,
condition  (financial or  otherwise),  results of operations or prospects of the
Company or its  Subsidiaries.  Since  December 31, 2005, the Company has not (i)
declared or paid any  dividends,  (ii) sold any assets,  individually  or in the
aggregate,  in excess of $50,000  outside of the ordinary  course of business or
(iii) had capital expenditures,  individually or in the aggregate,  in excess of
$100,000. The Company has not taken any steps to seek protection pursuant to any
bankruptcy law nor does the Company have any knowledge or reason to believe that
its  creditors  intend to initiate  involuntary  bankruptcy  proceedings  or any
actual  knowledge of any fact which would  reasonably  lead a creditor to do so.
After  giving  effect to the  transactions  contemplated  hereby to occur at the
Closing,  the  Company  will not be  Insolvent  (as  hereinafter  defined).  For
purposes of this  Agreement,  "Insolvent"  means (i) the present  fair  saleable
value of the  Company's  assets  is less  than the  amount  required  to pay the
Company's  total  indebtedness,  contingent  or  otherwise,  (ii) the Company is
unable to pay its debts and liabilities,  subordinated, contingent or otherwise,
as such debts and  liabilities  become  absolute and matured,  (iii) the Company
intends to incur or  believes  that it will incur debts that would be beyond its
ability to pay as such debts mature or (iv) the Company has  unreasonably  small
capital  with  which to  conduct  the  business  in which it is  engaged as such
business is now conducted and is proposed to be conducted.

         2.16 Foreign Corrupt Practices.

            (a) Neither the Company, nor any director,  officer, agent, employee
or other  Person  acting on  behalf of the  Company  has,  in the  course of its
actions  (a) used any  corporate  funds  for any  unlawful  contribution,  gift,
entertainment or other unlawful  expenses  relating to political  activity,  (b)
made any  direct  or  indirect  unlawful  payment  to any  foreign  or  domestic
government  official or employee  from  corporate  funds,  (c) violated or is in
violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as
amended or (d) made any  unlawful  bribe,  rebate,  payoff,  influence  payment,
kickback  or other  unlawful  payment  to any  foreign  or  domestic  government
official or employee.

            (b)  None of the  Subsidiaries  of the  Company,  nor  any of  their
respective  directors,  officers,  agents,  employees or other Persons acting on
behalf of such subsidiaries  has, in the course of their respective  actions (a)
used any corporate funds for any unlawful contribution,  gift,  entertainment or
other unlawful expenses relating to political  activity,  (b) made any direct or
indirect  unlawful  payment to any  foreign or domestic  government  official or
employee from corporate  funds, (c) violated or is in violation of any provision
of the U.S.  Foreign  Corrupt  Practices Act of 1977, as amended or (d) made any
unlawful bribe, rebate,  payoff,  influence payment,  kickback or other unlawful
payment to any foreign or domestic government official or employee.

                                       7
<PAGE>

         2.17  Transactions  With  Affiliates.  Except  as set  forth in the SEC
Documents,  none of the  officers,  directors  or  employees  of the  Company is
presently a party to any transaction with the Company or any of its Subsidiaries
(other than for ordinary course  services as employees,  officers or directors),
including  any  contract,  agreement  or  other  arrangement  providing  for the
furnishing  of  services  to or by,  providing  for  rental of real or  personal
property  to or  from,  or  otherwise  requiring  payments  to or from  any such
officer,  director  or  employee  or,  to  the  knowledge  of the  Company,  any
corporation,  partnership,  trust or other  entity  in which  any such  officer,
director,  or employee has a  substantial  interest or is an officer,  director,
trustee or partner.

         2.18 Insurance. The Company and each of its Subsidiaries are insured by
insurers of recognized  financial  responsibility  against such losses and risks
and in such  amounts as  management  of the  Company  believes to be prudent and
customary in the  businesses  in which the Company and each of its  Subsidiaries
are engaged.  Neither the Company nor any of its  Subsidiaries  has been refused
any insurance  coverage sought or applied for and neither the Company nor any of
its Subsidiaries has any reason to believe that it will not be able to renew its
existing  insurance  coverage  as and when such  coverage  expires  or to obtain
similar  coverage  from  similar  insurers as may be  necessary  to continue its
business at a cost that would not have a Material Adverse Effect.

         2.19   Employee   Relations.   Neither  the  Company  nor  any  of  its
Subsidiaries  is a party to any collective  bargaining  agreement or employs any
member of a union.  No  Executive  Officer of the  Company  (as  defined in Rule
501(f) of the Securities Act) has notified the Company that such officer intends
to leave the Company or otherwise  terminate such officer's  employment with the
Company.  No Executive Officer of the Company,  to the knowledge of the Company,
is, or is now, in  violation of any material  term of any  employment  contract,
confidentiality,    disclosure    or    proprietary    information    agreement,
non-competition agreement, or any other contract or agreement or any restrictive
covenant,  and the continued  employment of each such executive officer does not
subject the Company or any of its  Subsidiaries to any liability with respect to
any of the foregoing  matters.  The Company and each of its  Subsidiaries are in
compliance  with all  federal,  state,  local and foreign  laws and  regulations
respecting  employment  and  employment  practices,   terms  and  conditions  of
employment and wages and hours,  except where failure to be in compliance  would
not, either  individually or in the aggregate,  reasonably be expected to result
in a Material Adverse Effect.

         2.20 Title.  Except as set forth on Schedule 2.20, the Company and each
of its  Subsidiaries  have good and  marketable  title to all personal  property
owned by them which is material to their respective business,  in each case free
and clear of all liens, encumbrances and defects except such as are described in
the SEC Documents or such as do not materially affect the value of such property
and do not interfere  with the use made and proposed to be made of such property
by the Company and its Subsidiaries. Any real property and facilities held under
lease by the Company and each of its  Subsidiaries are held by them under valid,
subsisting and  enforceable  leases with such exceptions as are not material and
do not interfere  with the use made and proposed to be made of such property and
buildings by the Company and each of its Subsidiaries.

                                       8
<PAGE>

         2.21 Intellectual  Property Rights.  Schedule 2.21 sets forth a list of
all of the Company's patents, trademarks, trade names, service marks copyrights,
and  registrations  and  applications  therefor,  trade  secrets  and any  other
intellectual  property right  (collectively,  "Intellectual  Property  Rights"),
identifying  whether owned by the Company,  any of its  Subsidiaries  or a third
party.  The  Intellectual  Property  Rights  are,  to the best of the  Company's
knowledge,  fully valid and are in full force and effect.  The Company  does not
have any knowledge of any infringement by the Company or any of its Subsidiaries
of  Intellectual  Property  Rights  of  others.  There is no  claim,  action  or
proceeding  being made or brought,  or to the  knowledge of the  Company,  being
threatened,  against  the  Company  or  any of its  Subsidiaries  regarding  its
Intellectual  Property  Rights that could have a Material  Adverse  Effect.  The
Company is unaware of any facts or circumstances which might give rise to any of
the foregoing  infringements or claims, actions or proceedings.  The Company and
its Subsidiaries have taken reasonable security measures to protect the secrecy,
confidentiality and value of their Intellectual Property Rights.

         2.22  Environmental  Laws. The Company and each of its Subsidiaries (a)
are in compliance with any and all Environmental Laws (as hereinafter  defined),
(b) have  received all  permits,  licenses or other  approvals  required of them
under applicable  Environmental Laws to conduct their respective  businesses and
(c) are in compliance with all terms and conditions of any such permit,  license
or approval  where,  in each of the  foregoing  clauses  (a),  (b) and (c),  the
failure to so comply could be reasonably  expected to have,  individually  or in
the aggregate,  a Material Adverse Effect. The term  "Environmental  Laws" means
all federal, state, local or foreign laws relating to pollution or protection of
human health or the environment  (including,  without  limitation,  ambient air,
surface  water,  groundwater,  land surface or  subsurface  strata),  including,
without  limitation,  laws  relating  to  emissions,   discharges,  releases  or
threatened  releases  of  chemicals,  pollutants,   contaminants,  or  toxic  or
hazardous substances or wastes  (collectively,  "Hazardous  Materials") into the
environment, or otherwise relating to the manufacture, processing, distribution,
use, treatment, storage, disposal, transport or handling of Hazardous Materials,
as well as all  authorizations,  codes,  decrees,  demands  or  demand  letters,
injunctions,  judgments,  licenses,  notices or notice letters, orders, permits,
plans or regulations issued, entered, promulgated or approved thereunder.

         2.23 Tax  Matters.  The Company and each of its  Subsidiaries  (a) have
made or filed all federal and state  income and all other tax  returns,  reports
and declarations  required by any jurisdiction to which it is subject,  (b) have
paid all taxes and other governmental  assessments and charges that are material
in  amount,  shown  or  determined  to be  due  on  such  returns,  reports  and
declarations,  except those being contested in good faith and (c) have set aside
on its books  reasonably  adequate  provision  for the  payment of all taxes for
periods subsequent to the periods to which such returns, reports or declarations
apply, except where such failure would not have a Material Adverse Effect. There
are no unpaid  taxes in any  material  amount  claimed  to be due by the  taxing
authority of any jurisdiction,  and the officers of the Company know of no basis
for any such claim.

         2.24  Sarbanes-Oxley Act. The Company is in compliance with any and all
requirements of the Sarbanes-Oxley Act of 2002 that are effective as of the date
hereof and applicable to it, and any and all rules and  regulations  promulgated
by the SEC  thereunder  that are effective  and  applicable to it as of the date
hereof,  except  where  such  noncompliance  would not have a  Material  Adverse
Effect.

                                       9
<PAGE>

         2.25  Investment  Company  Status.  The Company is not, and immediately
after  receipt of payment for the  Acquired  Shares will not be, an  "investment
company," an "affiliated  person" of, "promoter" for or "principal  underwriter"
for, or an entity "controlled" by an "investment company," within the meaning of
the Investment Company Act.

         2.26  Material  Contracts.  Each  contract of the Company that involves
expenditures  or receipts in excess of $100,000 (each an "Applicable  Contract")
is in full force and effect and is valid and  enforceable in accordance with its
terms. The Company has not given or received from any other entity any notice or
other  communication  (whether oral or written)  regarding any actual,  alleged,
possible or potential  violation or breach of, or default under,  any Applicable
Contract.

         2.27 Inventory.  All inventory of the Company consists of a quality and
quantity  usable and  salable in the  ordinary  course of  business,  except for
obsolete items and items of  below-standard  quality,  all of which have been or
will be written off or written down to net realizable  value on the consolidated
balance sheet of the Company and its  Subsidiaries  as of December 31, 2006. The
quantities of each type of inventory (whether raw materials, work-in-process, or
finished  goods) are not  excessive,  but are  reasonable  and  warranted in the
present circumstances of the Company.

         2.28  Disclosure.  The Company  confirms  that neither it nor any other
Person  acting on its behalf has provided the Purchaser or its agents or counsel
with any information that constitutes or might  constitute  material,  nonpublic
information  that has not  been  disclosed  in the SEC  Documents.  The  Company
understands  and  confirms  that  the  Purchaser  will  rely  on  the  foregoing
representations  in effecting  transactions  in securities  of the Company.  All
disclosure provided to the Purchaser regarding the Company, its business and the
transactions  contemplated  hereby,  including the Schedules to this  Agreement,
furnished by or on behalf of the Company are true and correct and do not contain
any untrue  statement  of a  material  fact or omit to state any  material  fact
necessary  in  order  to make  the  statements  made  therein,  in  light of the
circumstances under which they were made, not misleading.

                                  ARTICLE III
                 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
         The Purchaser  hereby  represents and warrants to the Company as of the
date of this Agreement as follows:

         3.1  Organization.  The Purchaser is a corporation,  limited  liability
company or partnership duly  incorporated or organized,  validly existing and in
good  standing  under  the  laws of the  jurisdiction  of its  incorporation  or
organization.

         3.2  Authorization.  This Agreement has been duly  authorized,  validly
executed and delivered by the Purchaser and is a valid and binding agreement and
obligation of the Purchaser enforceable against the Purchaser in accordance with
its terms, subject to limitations on enforcement by general principles of equity
and by bankruptcy or other laws affecting the  enforcement of creditors'  rights
generally, and the Purchaser has full power and authority to execute and deliver
this Agreement and the other agreements and documents contemplated hereby and to
perform its obligations hereunder and thereunder.

                                       10
<PAGE>

         3.3  Investment  Investigation.   The  Purchaser  understands  that  no
Federal,  state, local or foreign  governmental body or regulatory authority has
made any finding or  determination  relating to the fairness of an investment in
the Acquired Shares and that no Federal,  state,  local or foreign  governmental
body or regulatory  authority has recommended or endorsed,  or will recommend or
endorse,  any investment in the Acquired  Shares.  The Purchaser,  in making the
decision  to  purchase  the  Acquired   Shares,   has  relied  upon  independent
investigation   made  by  it  and  has  not   relied  on  any   information   or
representations made by third parties.

         3.4 Accredited Investor.  The Purchaser is an "accredited  investor" as
defined under Rule 501 of Regulation D promulgated under the Securities Act.

         3.5 No  Distribution.  The  Purchaser  is and  will  be  acquiring  the
Acquired  Shares  for its own  account,  and not  with a view to any  resale  or
distribution  of the  Acquired  Shares in whole or in part,  in violation of the
Securities Act or any applicable securities laws.

         3.6 Resale.  The parties intend that the offer and sale of the Acquired
Shares be  exempt  from  registration  under the  Securities  Act,  by virtue of
Section 4(2) and/or Rule 506 of  Regulation D promulgated  under the  Securities
Act. The Purchaser understands that the Acquired Shares purchased hereunder have
not been,  and may never be,  registered  under the  Securities Act and that the
Acquired  Shares cannot be sold or  transferred  unless its is first  registered
under the  Securities  Act and such  state and other  securities  laws as may be
applicable  or in the  opinion of counsel  for the  Company  an  exemption  from
registration under the Securities Act is available (and then the Acquired Shares
may be sold or  transferred  only in  compliance  with  such  exemption  and all
applicable state and other securities laws).

         3.7 Reliance.  The Purchaser  understands  that the Acquired  Shares is
being  offered and sold to it in reliance on specific  provisions of Federal and
state  securities  laws and that the  Company  is  relying  upon the  truth  and
accuracy of the  representations,  warranties,  agreements,  acknowledgments and
understandings  of the Purchaser set forth herein for purposes of qualifying for
exemptions  from  registration  under the Securities  Act, and applicable  state
securities laws.

                                   ARTICLE IV
                     CONDITIONS TO CLOSING OF THE PURCHASERS

         The obligation of the Purchaser to purchase the Acquired  Shares at the
Closing is subject to the  fulfillment  to the  Purchaser's  satisfaction  on or
prior to the Closing Date of each of the following conditions,  any of which may
be waived by the Purchaser:

         4.1  Representations  and Warranties  Correct.  The representations and
warranties  in Article II hereof shall be true and correct when made,  and shall
be true and  correct  on the  Closing  Date with the same force and effect as if
they had been made on and as of the Closing Date.

         4.2 Performance. All covenants,  agreements and conditions contained in
this  Agreement to be  performed or complied  with by the Company on or prior to
the Closing Date shall have been  performed  or complied  with by the Company in
all material respects.

         4.3 No  Impediments.  Neither the Company  nor any  Purchaser  shall be
subject to any order,  decree or injunction of a court or administrative  agency
of competent jurisdiction that prohibits the transactions contemplated hereby or
would  impose  any  material  limitation  on the  ability of such  Purchaser  to
exercise  full rights of ownership of the  Acquired  Shares.  At the time of the
Closing,  the purchase of the Acquired  Shares to be purchased by the  Purchaser
hereunder  shall be legally  permitted by all laws and  regulations to which the
Purchaser and the Company are subject.

                                       11
<PAGE>

         4.4 Other  Agreements  and  Documents.  Company shall have executed and
delivered the following agreements and documents:

            (a)  A  certificate,  registered  in  the  name  of  the  Purchaser,
representing the Acquired Shares;

            (b) A certificate  of good standing with respect to the Company from
the Secretary of State of Florida; and

            (c) A  certificate  of the  Company's  Secretary,  dated the Closing
Date, certifying (i) the fulfillment of the conditions specified in Sections 4.1
and 4.2 of this Agreement,  (ii) the Board resolutions  approving this Agreement
and the transactions  contemplated  hereby,  (iii) the Company's  certificate of
incorporation, and (iv) other matters as the Purchaser shall reasonably request.

         4.5 Due Diligence  Investigation.  No fact shall have been  discovered,
whether or not  reflected  in the  Schedules  hereto,  which in the  Purchaser's
determination  would make the consummation of the  transactions  contemplated by
this Agreement not in the Purchaser's best interests.

                                   ARTICLE V
                      CONDITIONS TO CLOSING OF THE COMPANY

         The Company's  obligation to sell the Acquired Shares at the Closing is
subject to the  fulfillment to its  satisfaction on or prior to the Closing Date
of each of the following conditions:

         5.1 Representations. The representations made by the Purchaser pursuant
to Article III hereof  shall be true and correct when made and shall be true and
correct on the Closing Date.

         5.2 No  Impediments.  Neither the Company  nor any  Purchaser  shall be
subject to any order,  decree or injunction of a court or administrative  agency
of competent jurisdiction that prohibits the transactions contemplated hereby or
would  impose  any  material  limitation  on the  ability of such  Purchaser  to
exercise  full rights of ownership of the  Acquired  Shares.  At the time of the
Closing,  the purchase of the Acquired  Shares to be purchased by the  Purchaser
hereunder  shall be legally  permitted by all laws and  regulations to which the
Purchaser and the Company are subject.

         5.3 Payment of Purchase  Price.  The Company  shall have  received  the
Purchase Price.

                                       12
<PAGE>

                                   ARTICLE VI
                                 INDEMNIFICATION

         6.1  Indemnification  by the  Company.  The  Company  agrees to defend,
indemnify and hold harmless the Purchaser and shall reimburse the Purchaser for,
from and  against  each claim,  loss,  liability,  cost and  expense  (including
without limitation, interest, penalties, costs of preparation and investigation,
and the reasonable fees,  disbursements  and expenses of attorneys,  accountants
and other professional advisors) (collectively, "Losses") directly or indirectly
relating  to,  resulting  from  or  arising  out of any  untrue  representation,
misrepresentation,  breach  of  warranty  or  non-fulfillment  of any  covenant,
agreement or other  obligation by or of the Company  contained  herein or in any
certificate, document, or instrument delivered to the Purchaser pursuant hereto.

         6.2  Indemnification by the Purchaser.  The Purchaser agrees to defend,
indemnify  and hold  harmless the Company and shall  reimburse  the Company for,
from and against all Losses directly or indirectly  relating to,  resulting from
or  arising  out of any  untrue  representation,  misrepresentation,  breach  of
warranty or  non-fulfillment  of any covenant,  agreement or other obligation of
the Purchaser  contained  herein or in any  certificate,  document or instrument
delivered to the Company pursuant hereto.

         6.3  Procedure.   The  indemnified  party  shall  promptly  notify  the
indemnifying  party  of any  claim,  demand,  action  or  proceeding  for  which
indemnification will be sought under Sections 6.1 or 6.2 of this Agreement, and,
if such claim,  demand,  action or  proceeding  is a third party claim,  demand,
action or proceeding,  the indemnifying party will have the right at its expense
to assume  the  defense  thereof  using  counsel  reasonably  acceptable  to the
indemnified party. The indemnified party shall have the right to participate, at
its own expense,  with respect to any such third party claim, demand,  action or
proceeding.  In connection  with any such third party claim,  demand,  action or
proceeding,  the Purchaser and the Company shall  cooperate  with each other and
provide  each  other  with  access  to  relevant  books  and  records  in  their
possession.  No such third party claim,  demand,  action or proceeding  shall be
settled without the prior written consent of the indemnified  party, which shall
not be unreasonably withheld. If a firm written offer is made to settle any such
third party claim,  demand,  action or  proceeding  and the  indemnifying  party
proposes to accept such settlement and the indemnified  party refuses to consent
to such settlement,  then: (i) the indemnifying party shall be excused from, and
the indemnified  party shall be solely  responsible  for, all further defense of
such third  party  claim,  demand,  action or  proceeding;  and (ii) the maximum
liability of the indemnifying party relating to such third party claim,  demand,
action or  proceeding  shall be the  amount of the  proposed  settlement  if the
amount  thereafter  recovered  from the  indemnified  party on such third  party
claim,  demand,  action or proceeding is greater than the amount of the proposed
settlement.

                                  ARTICLE VII
                                  MISCELLANEOUS

         7.1  Governing  Law.  This  Agreement  and the  rights  of the  parties
hereunder shall be governed in all respects by the laws of the State of New York
wherein  the terms of this  Agreement  were  negotiated,  without  regard to the
conflicts of laws thereof.

         7.2   Survival.   Except   as   specifically   provided   herein,   the
representations  and  warranties  made  herein  shall  survive  until  the first
anniversary  of the Closing Date;  provided  that,  the covenants and agreements
herein and the  representations  and warranties  contained in Sections 2.1, 2.2,
2.3, 2.4, 2.5, 2.6, 2.7, 2.11, and 2.28 hereof shall survive indefinitely.

                                       13
<PAGE>

         7.3  Amendment.  This  Agreement  may  not be  amended,  discharged  or
terminated (or any provision  hereof waived)  without the written consent of the
Company and the Purchaser.

         7.4  Successors  and Assigns.  Except as otherwise  expressly  provided
herein, the provisions hereof shall inure to the benefit of, and be binding upon
and enforceable by and against, the successors,  assigns,  heirs,  executors and
administrators  of the  parties  hereto.  The  Purchaser  may  assign its rights
hereunder,  and the Company may not assign its rights or  obligations  hereunder
without the consent of the Purchaser or any of its successors,  assigns,  heirs,
executors and administrators.

         7.5 Entire Agreement. This Agreement, the Transaction Documents and the
other documents delivered pursuant hereto and simultaneously herewith constitute
the full and entire  understanding and agreement between the parties with regard
to the subject matter hereof and thereof.

         7.6 Notices,  etc. All notices,  demands or other  communications given
hereunder  shall be in  writing  and shall be  sufficiently  given if  delivered
either personally or by a nationally  recognized courier service marked for next
business day delivery or sent in a sealed envelope by first class mail,  postage
prepaid and either registered or certified, addressed as follows:

            (a) if to the Company:

                           8406 Benjamin Road, Suite C
                           Tampa, Florida  33634
                           Attn: Philip Cohen, Chief Executive Officer

            (b) if to a Purchaser:

                           Vicis Capital Master Fund
                           Tower 56, Suite 700
                           126 E. 56th Street, 7th Floor
                           New York, NY 10022
                           Attn: Shad Stastney

            with a copy to:

                           Andrew D. Ketter, Esq.
                           Quarles & Brady LLP
                           411 East Wisconsin Avenue
                           Milwaukee, Wisconsin 53202

         7.7 Delays or  Omissions.  No delay or omission to exercise  any right,
power or remedy accruing to any holder of any Acquired Shares upon any breach or
default of the Company under this Agreement  shall impair any such right,  power
or remedy of such  holder nor shall it be  construed  to be a waiver of any such
breach or default,  or an acquiescence,  therein, or of or in any similar breach
or default  thereafter  occurring;  nor shall any waiver of any single breach or
default  be deemed a waiver  of any  other  breach  or  default  theretofore  or
thereafter  occurring.  Any waiver,  permit,  consent or approval of any kind or
character  on the  part of any  holder  of any  breach  or  default  under  this
Agreement,  or any  waiver  on the  part  of any  holder  of any  provisions  or
conditions  of this  Agreement  must be, made in writing and shall be  effective
only to the extent specifically set forth in such writing. All remedies,  either
under this  Agreement  or by law or otherwise  afforded to any holder,  shall be
cumulative and not alternative.

                                       14
<PAGE>

         7.8  Severability.  The  invalidity  of any  provision  or portion of a
provision of this Agreement shall not affect the validity of any other provision
of this Agreement or the remaining  portion of the applicable  provision.  It is
the  desire  and  intent  of the  parties  hereto  that the  provisions  of this
Agreement shall be enforced to the fullest extent permissible under the laws and
public policies  applied in each  jurisdiction  in which  enforcement is sought.
Accordingly,  if any particular provision of this Agreement shall be adjudicated
to be invalid or unenforceable, such provision shall be deemed amended to delete
therefrom  the portion thus  adjudicated  to be invalid or  unenforceable,  such
deletion to apply only with respect to the  operation  of such  provision in the
particular jurisdiction in which such adjudication is made.

         7.9 [Intentionally Omitted].

         7.10 Consent to Jurisdiction; Waiver of Jury Trial. EACH OF THE PARTIES
TO  THIS  AGREEMENT  HEREBY  IRREVOCABLY  AND  UNCONDITIONALLY  SUBMITS  TO  THE
EXCLUSIVE  JURISDICTION  OF THE STATE AND FEDERAL  COURTS  LOCATED THE STATE AND
COUNTY OF NEW YORK FOR  PURPOSES  OF ALL  LEGAL  PROCEEDINGS  ARISING  OUT OF OR
RELATING TO THIS AGREEMENT AND THE TRANSACTION DOCUMENTS. EACH OF THE PARTIES TO
THIS AGREEMENT  IRREVOCABLY  WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY
OBJECTION  WHICH SUCH PARTY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE
OF ANY SUCH  PROCEEDING  BROUGHT IN ANY SUCH  COURTS AND ANY CLAIM THAT ANY SUCH
PROCEEDING BROUGHT IN ANY SUCH COURTS HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.
EACH OF THE PARTIES HERETO  IRREVOCABLY  WAIVES, TO THE FULLEST EXTENT PERMITTED
BY LAW,  ANY RIGHT TO TRIAL BY JURY IN ANY SUCH  LEGAL  PROCEEDING.  EACH OF THE
PARTIES TO THIS AGREEMENT HEREBY CONSENTS TO SERVICE OF PROCESS BY NOTICE IN THE
MANNER  SPECIFIED IN SECTION 7.6 AND IRREVOCABLY  WAIVES,  TO THE FULLEST EXTENT
PERMITTED BY LAW, ANY OBJECTION  SUCH PARTY MAY NOW OR HEREAFTER HAVE TO SERVICE
OF PROCESS IN SUCH MANNER.

         7.11 Titles and  Subtitles.  The titles of the  articles,  sections and
subsections of this Agreement are for  convenience of reference only and are not
to be considered in construing this Agreement.

         7.12 Further  Assurances.  The parties agree to execute and deliver all
such  further  documents,  agreements  and  instruments  and take such other and
further  action as may be necessary or appropriate to carry out the purposes and
intent of this Agreement.

         7.13  Counterparts.  This  Agreement  may be  executed in any number of
counterparts,  each of which  shall be an  original,  but all of which  together
shall constitute one instrument.

                                       15
<PAGE>

         7.14 Adjustments Pursuant to Ratchet Provisions.

            (a) Adjustment to Warrants.  The parties agree and acknowledge  that
as a result of the  issuance  of the  Acquired  Shares  hereunder,  the  Ratchet
Provisions  contained in the Warrants require the Company to adjust the exercise
price of all such  Warrants  to $.01 per share of Common  Stock.  Within 20 days
after the Closing,  the Company agrees to deliver to Purchaser new warrants (the
"New  Warrants")  in the name of Purchaser  in a form  identical to the existing
Warrants with the new exercise price of $.01 per share of Common Stock. Promptly
upon receipt of the New Warrants, the Purchaser agrees to deliver to the Company
for cancellation the existing Warrants.

            (b)  Adjustment to the Preferred  Shares and Notes.  Notwithstanding
the fact that as a result of the issuance of the Acquired Shares hereunder,  the
Ratchet  Provisions  applicable  to the  Preferred  Shares  and the Notes  would
require the Company to adjust the conversion  price of all such Preferred Shares
and the Notes to $.01 per share of Common Stock,  the Purchaser agrees to waive,
in connection  with this  transaction  only, its right to require the Company to
adjust such conversion  prices.  The parties agree that (i) the foregoing waiver
shall not be deemed to be a waiver of such  right  with  respect  to any  future
transactions by the Company,  (ii) that the foregoing  waiver shall not preclude
the Purchaser from further enforcement of the Ratchet  Provisions,  and (iii) in
the event the Company breaches its representations  and warranties  contained in
Section 2.4(c),  in addition to any other remedies  available to Purchaser,  (y)
the foregoing waiver shall  automatically be rescinded and shall no longer be of
any force or effect and (z) the Company shall pay to the Purchaser as liquidated
damages $100,000 in cash.

                                       16
<PAGE>

         IN WITNESS  WHEREOF,  the parties  hereto have duly executed this Stock
Purchase Agreement, as of the day and year first above written.

                                         COMPANY:

                                         MEDICAL MEDIA TELEVISION, INC.

                                         /s/ Philip M. Cohen
                                         ---------------------------------------
                                         Philip M.  Cohen
                                         President and Chief Executive Officer

                                         PURCHASER:

                                         VICIS CAPITAL MASTER FUND
                                          By: Vicis Capital LLC

                                         /s/ Keith W. Hughes
                                         ---------------------------------------
                                         Keith Hughes
                                         Chief Financial Officer

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