Document:

BILL OF SALE
                     AND ASSUMPTION OF LIABILITIES AGREEMENT

Reference is made to the Exchange Agreement, dated as of April 18, 2002 (the
"Exchange Agreement"), among Saratoga Holdings I, Inc., a Texas corporation
("Seller"), SH2, Inc., a Delaware corporation ("Buyer"), Agence 21, Inc., a
Delaware corporation, A21 Acquisition LLC, a Delaware limited liability company
("A21 Acquisition"), and the Sellers (as defined in the Exchange Agreement)

Capitalized terms used herein without definition shall have the meaning assigned
to them in the Exchange Agreement.

A.       Transfer of Assets and Business. For good and sufficient consideration,
receipt of which is hereby acknowledged Seller, has SOLD, ASSIGNED, and
TRANSFERRED and by these presents does hereby SELL, ASSIGN, TRANSFER, and
DELIVER to Buyer, its successors and assigns ("Buyer"), effective as of April
25, 2002, all Seller's right, title, and interest in and to each and all of the
assets, properties, and business of Seller of every kind and description and
wherever situated as they existed on April 25, 2002, except as expressly stated
otherwise herein or in the Exchange Agreement (collectively, the "Assets and
Business"); provided, that no assets, properties or business of Seller acquired
or received after April 25, 2002 are being sold, assigned or transferred
hereunder, including, without limitation, Seller's 100% ownership interest in
A21 Acquisition.

Without limiting the generality of the foregoing, the Assets and Business
include:

                  (a)      All of Seller's goodwill and business as a going
         concern, including the name "Saratoga" or any variation thereof.

                  (b)      All of Seller's accounts receivable, miscellaneous
         accounts receivable, and notes receivable or other rights to receive
         payments, whether arising out of the manufacture, sale, distribution,
         or use of its products, technology, services, or otherwise.

                  (c)      All of Seller's inventories of finished goods,
         work-in-process, raw materials, and other miscellaneous supplies and
         materials.

                  (d)      All of Seller's prepaid expenses (excluding those, if
         any, pertaining to taxes, to pension or other benefits plans, or to
         insurance policies that are listed on the Schedule of Excluded Assets
         and will not be acquired by Buyer pursuant to this Agreement).

                  (e)      All interests of Seller in real property including
         land, buildings, structures, improvements, fixtures, leaseholds, and
         leasehold improvements.

                  (f)      All machinery, equipment, tools, molds, motor
         vehicles, transportation, packing and delivery equipment, and supplies,
         furniture, and fixtures of every kind and description owned by Seller
         or ordered by it on or before the Closing Date.

                  (g)      All of Seller's right, title, and interest of every
         kind and description in and to the following assets:

                           (i)      All of Seller's rights to or under all
         trademarks, service marks, certification marks, United States and
         foreign trademark registrations and applications, trade names,

                                        1
<PAGE>

         copyrights, United States and foreign patents and patent applications,
         if any, including international priority rights associated therewith,
         and all patent and other license, trade secrets, inventions, and
         royalties and rights to sue for past infringements, including, without
         limitation, those items listed or otherwise described on the Schedules
         attached to the Agreement.

                           (ii)     All of Seller's customer lists, uncollected
         invoices, credit files, payroll records, schedules of fixed assets,
         books of account, contracts, sales representation agreements and sales
         agency agreements (if any), files, papers, books, records, designs,
         drawings, specifications and engineering data, and all other public or
         confidential business records, all to the extent reasonably required
         for the orderly continuation of the business operations of Seller
         (excluding minute books, stock books and tax returns, and
         communications in respect thereof, of Seller).

                  (h)      Except as otherwise specified on the Schedules to the
         Exchange Agreement, all of Seller's causes of action, judgments, claims
         and demands of whatever nature, memberships, agencies and permits,
         claims for refunds, and rights of offset and credits, all to the extent
         that they are assignable by Seller.

                  (i)      All of Seller's rights under employment contracts,
         restrictive covenants, nondisclosure agreements, and similar
         obligations of present and former officers and employees of Seller.

Seller hereby authorizes Buyer to take any appropriate action in connection with
any of these rights, claims, causes of action, and property, in the name of
Seller or in its own or any other name, but at Buyer's own expense.

TO HAVE AND TO HOLD these rights, claims, causes of action, property, assets,
business, and goodwill, as a going concern unto Buyer, its successors and
assigns, to and for its or their use forever.

And Seller, subject to the terms of the Agreement, does hereby agree that it
will take commercially reasonable steps necessary to put Buyer, its successors
or assigns, in actual possession and operating control of the "Assets and
Business"; provided, however, that Buyer shall advance funds to Seller for any
costs or expenses incurred in connection with such actions by Seller.

B.       Assumption of Liabilities. Anything in this Bill of Sale and Assumption
of Liabilities Agreement to the contrary notwithstanding, Buyer hereby assumes
any and all Liabilities of Seller arising on or prior to April 30, 2002 (the
"Assumed Liabilities"), other than the Permitted Liabilities referred to in the
Exchange Agreement which Permitted Liabilities shall be retained by Seller and
other than obligations of Seller to perform certain actions pursuant to the
Exchange Agreement. As used herein "Liabilities" means all debts, liabilities,
and obligations of any kind, nature or description whatsoever, whether voluntary
or involuntary, and whether accrued or fixed, absolute or contingent, matured or
unmatured, known or unknown, liquidated or unliquidated, secured or unsecured,
determined or determinable, including, without limitation, all debts,
liabilities, and obligations based upon, resulting from, arising out of or
relating to any law, action or order or any contract, document or instrument.

C.       Right to Rely. Any individual, partnership, corporation, or other
entity may rely without further inquiry upon the powers and rights herein
granted to the Buyer and upon any notarization, certification, verification,
affidavit, or jurat by any notary public of any state relating to the
authorization, execution, and delivery of this Bill of Sale and Assumption of
Liabilities Agreement or to the authenticity of any copy, conformed or
otherwise, hereof.

                                        2
<PAGE>

D.       Miscellaneous. This Agreement shall be governed by and interpreted in
accordance with the laws of the State of Delaware (without giving effect to
conflicts of law principles thereunder). If any provision of this Agreement
shall be invalid or unenforceable in any jurisdiction, such invalidity or
unenforceability shall not affect the validity or enforceability of the
remainder of this Agreement in that jurisdiction or the validity or
enforceability of any provision of this Agreement in any other jurisdiction.
This Agreement and the Exchange Agreement supersede all other prior oral or
written agreements between Cooke and the Company, and their respective
affiliates and persons acting on their behalf with respect to the sale of the
Assets and Business and assumption of Liabilities, this Agreement and the
matters covered hereby and by the Exchange Agreement. No provision of this
Agreement may be waived or amended other than by an instrument in writing signed
by the party to be charged with enforcement. Any notice, consent, waiver, or
other communication required or permitted to be given under the terms of this
Agreement shall be given as provided in the Exchange Agreement. This Agreement
shall be binding upon and inure to the benefit of the parties and their
respective successors and assigns. Neither party hereto shall assign this
Agreement or any rights or obligations hereunder without the prior written
consent of the other party. This Agreement is intended for the benefit of the
parties hereto and their respective permitted successors and assigns, and is not
for the benefit of, nor may any provision hereof be enforced by, any other
person.

                [Remainder of this page intentionally left blank]

                                        3
<PAGE>

IN WITNESS WHEREOF, Seller has caused this Bill of Sale and Assumption of
Liabilities Agreement to be signed by its President and Secretary and its
corporate seal to be affixed hereto on the date first written above.

                                       SARATOGA HOLDINGS I, INC.

                                       By: /s/ THOMAS F. COOKE
                                           ----------------------
                                           Name: Thomas F. Cooke
                                                 President

ATTEST:

By: /s/ THOMAS F. COOKE
    -----------------------
Name:  Thomas F. Cooke
Title: Secretary

STATE OF NEW YORK
COUNTY OF NEW YORK

         On the day of April 30, 2002 before me personally came Thomas F. Cooke
to me known, who being by me duly sworn, did depose and say that he is the
Chairman of Saratoga Holdings I, Inc., a Texas corporation; and that he executed
the foregoing instrument on behalf of such corporation.

                                       Notary Public in and for
                                       The State of New York

                                       Name: /s/ PETER HIRSHFIELD
                                             -----------------------------------

My Commission Expires: December 28, 2005

                                       4================================================================================

                         COMMON STOCK PURCHASE AGREEMENT

                                     BETWEEN

                            SARATOGA HOLDINGS I, INC.
                                  (THE COMPANY)

                                       AND

                            SARATOGA RESOURCES, INC.
                                  (RESOUIRCES)

                           DATED AS OF APRIL 29, 2002

================================================================================
<PAGE>

                         COMMON STOCK PURCHASE AGREEMENT

This Common Stock Purchase Agreement (this "Agreement") is made and entered into
as of April 29, 2002 (the "Effective Date"), between Saratoga Holdings I, Inc.
(the "Company"), a Texas corporation, and Saratoga Resources, Inc.
("Resources"), a Texas corporation.

                                   Background

Reference is made to that certain Exchange Agreement dated as of April 18, 2002
(the "Exchange Agreement"), among the Company, Thomas F. Cooke, SH2, Inc., a
Delaware corporation wholly-owned by the Company ("SH2"), A21 Acquisition LLC, a
Delaware limited liability company wholly-owned by the Company ("A21
Acquisition"), Agence 21, Inc., ("A21") and the sellers of outstanding
securities of A21 who sign the Exchange Agreement (the "Sellers"), pursuant to
which, among other things, the Sellers have agreed to exchange their outstanding
securities of A21 for common stock options and warrants of the Company owned by
A21 Acquisition in a transaction intended for federal income tax purposes to
qualify as an exchange described in section 351 of the Internal Revenue Code of
1986 (the "Code") and a reorganization described in section 368 of the Code.
Capitalized terms used herein without definition have the respective meanings
assigned to such terms in the Exchange Agreement.

Pursuant to the Exchange Agreement, the Company has authorized the sale and
delivery of all of the 1,000 shares, par value $0.001 per share, (the "Shares")
it owns of SH2, in exchange for the forgiveness of One Hundred and Thirty Five
Thousand Dollars ($135,000) the Company owes to Resources for rent commencing
January 2000 and ending the date hereof, and the assumption by Resources of all
other liabilities of the Company outstanding as of the Effective Date
immediately before giving effect to the Exchange other than the Permitted
Liabilities (the "Debt").

Resources is acquiring and will acquire, as the case may be, the Shares solely
for its own account for investment purposes only and not with a view toward
resale or distribution thereof other than pursuant to an effective registration
statement or applicable exemption from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act").

                                    Agreement

For and in consideration of the premises and the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Company and Resources hereby agree as
follows:

Section 1. Shares.

         Section 1.1.  Sale of the Shares

         The Company agrees to sell the Shares to Resources and Resources agrees
         to purchase the Shares from the Company for its own account, at the
         Closing, for the forgiveness and/or assumption of the Debt by
         Resources.

         Section 1.2.  Closing.

         The closing of the purchase and sale of the Shares shall take place at
         the offices of Warshaw Burstein Cohen Schlesinger & Kuh, LLP; 555 Fifth
         Avenue, 11th Floor, New York, New York 10017, at 3:00 p.m., Eastern
         Time, on Wednesday, May 1, 2002, or at such other location or time as
         the parties may agree (the "Closing").

                                        1
<PAGE>

         Section 1.3.  Deliveries at Closing

         At the Closing the Company shall deliver to Resources the Shares, which
         shall represent all of the issued and outstanding shares of SH2,
         together with a duly executed stock power.

Section 2. Resources' Representations and Warranties

         Resources represents and warrants to the Company that:

         Section 2.1.  Investment Purpose

         Resources is acquiring and will acquire, as the case may be, the Shares
         solely for its own account for investment purposes only and not with a
         view toward resale or distribution thereof other than pursuant to an
         effective registration statement or applicable exemption from the
         registration requirements of the Securities Act. Resources understands
         that such Shares will be sold in reliance upon an exemption from the
         registration requirements of the Securities Act and that subsequent
         sale or transfer of such securities is prohibited absent registration
         or exemption from the provisions of the Securities Act. Resources
         hereby agrees that it will not sell, assign, transfer, pledge or
         otherwise convey any of the Shares, except in compliance with the
         provisions of the Securities Act and in accordance with any transfer
         restrictions or similar terms set forth on the certificates
         representing such securities or otherwise set forth herein.

         Section 2.2.  Indebtedness

         The Debt represents all of the liabilities of the Company as of the
         Effective Date, other than the Permitted Liabilities, immediately
         before giving effect to the Exchange.

Section 3. Representations And Warranties Of The Company

         The Company represents and warrants to Resources that, on the Closing
         Date, the Shares will represent all of the issued and outstanding
         shares of SH2.

Section 4. Expenses

         Each party hereto shall pay its own expenses incurred in connection
         with this Agreement and the transactions contemplated hereby.

Section 5. General Provisions

         Section 5.1.  Governing Law

         This Agreement shall be governed by and interpreted in accordance with
         the laws of the State of Delaware without giving effect to conflicts of
         law principles thereunder).

         Section 5.2.  Counterparts

         This Agreement may be executed in two or more identical counterparts,
         all of which shall be considered one and the same agreement and shall
         become effective when counterparts have been signed by each party and
         delivered to the other party.

                                        2
<PAGE>

         Section 5.3.  Headings

         The headings of this Agreement are for convenience of reference and
         shall not form part of, or affect the interpretation of, this
         Agreement.

         Section 5.4.  Severability

         If any provision of this Agreement shall be invalid or unenforceable in
         any jurisdiction, such invalidity or unenforceability shall not affect
         the validity or enforceability of the remainder of this Agreement in
         that jurisdiction or the validity or enforceability of any provision of
         this Agreement in any other jurisdiction.

         Section 5.5.  Entire Agreement, Amendments

         This Agreement supersedes all other prior oral or written agreements
         between Resources and the Company, and their respective affiliates and
         persons acting on their behalf with respect to the sale of the Shares,
         this Agreement and the matters covered hereby. No provision of this
         Agreement may be waived or amended other than by an instrument in
         writing signed by the party to be charged with enforcement.

         Section 5.6.  Successors and Assigns

         This Agreement shall be binding upon and inure to the benefit of the
         parties and their respective successors and assigns. Neither party
         hereto shall assign this Agreement or any rights or obligations
         hereunder without the prior written consent of the other party.

         Section 5.7.  No Third Party Beneficiaries

         This Agreement is intended for the benefit of the parties hereto and
         their respective permitted successors and assigns, and is not for the
         benefit of, nor may any provision hereof be enforced by, any other
         person.

         Section 5.8.  Survival

         Unless this Agreement is terminated under Section 5.10, the
         representations and warranties of the Company and Resources contained
         in Sections 2 and 3, the agreement and covenant set forth in Section 4,
         shall survive the Closing.

         Section 5.9.  Further Assurances

         Each party hereto shall do and perform, or cause to be done and
         performed, all such further acts and things, and shall execute and
         deliver all such other agreements, certificates, instruments, and
         documents, as the other party may reasonably request in order to carry
         out the intent and accomplish the purposes of this Agreement and the
         consummation of the transactions contemplated hereby.

         Section 5.10. Termination

         In the event that the Exchange shall not have been consummated on the
         Effective Date either party shall have the option to terminate this
         Agreement by giving written notice of termination to the other party,
         in which event this Agreement shall become null and void.

                                        3
<PAGE>

         Section 5.11. No Strict Construction

         The language used in this Agreement will be deemed to be the language
         chosen by the parties to express their mutual intent, and no rules of
         strict construction will be applied against any party.

         IN WITNESS WHEREOF, the Company and Resources have caused this Common
Stock Purchase Agreement to be duly executed as of the date first written above.

SARATOGA HOLDINGS I, INC.              SARATOGA RESOURCES, INC.

By: /s/ THOMAS F. COOKE                By: /s/ THOMAS F. COOKE
    --------------------------             --------------------------
    Thomas F. Cooke, President             Thomas F. Cooke, President

                                        4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]