Document:

Exhibit 10.5

                                ESCROW AGREEMENT

      THIS ESCROW  AGREEMENT  (this  "Agreement") is made and entered into as of
April  __,  2005  by  SIGNATURE  LEISURE,  INC.,  a  Colorado  corporation  (the
"Company");  KATALYST  CAPITAL  GROUP LTD (the  "Investor");  and  MARCHENA  AND
GRAHAM, P.A. (the "Escrow Agent").

                                   BACKGROUND

      WHEREAS,  the Company and the Investor have entered into an Standby Equity
Distribution Agreement (the "Standby Equity Distribution Agreement") dated as of
the date hereof,  pursuant to which the  Investor  will  purchase the  Company's
Common Stock,  par value $0.001 per share (the "Common  Stock"),  at a price per
share equal to the Purchase Price, as that term is defined in the Standby Equity
Distribution  Agreement,  for an aggregate  price of up to Five Million  Dollars
($5,000,000).  The Standby Equity  Distribution  Agreement provides that on each
Advance  Date the  Investor,  as that  term is  defined  in the  Standby  Equity
Distribution Agreement, shall deposit the Advance pursuant to the Advance Notice
in a segregated  escrow account to be held by Escrow Agent and the Company shall
deposit  shares of the Company's  Common Stock,  which shall be purchased by the
Investor as set forth in the Standby  Equity  Distribution  Agreement,  with the
Escrow  Agent,  in order to  effectuate  a  disbursement  to the  Company of the
Advance by the Escrow Agent and a disbursement  to the Investor of the shares of
the Company's  Common Stock by Escrow Agent at a closing to be held as set forth
in the Standby Equity Distribution Agreement (the "Closing").

      WHEREAS,  Escrow Agent has agreed to accept,  hold, and disburse the funds
and the shares of the  Company's  Common Stock  deposited  with it in accordance
with the terms of this Agreement.

      WHEREAS,  in order to  establish  the escrow of funds and shares to effect
the provisions of the Standby Equity Distribution Agreement,  the parties hereto
have entered into this Agreement.

      NOW THEREFORE,  in consideration of the foregoing,  it is hereby agreed as
follows:

      1. Definitions. The following terms shall have the following meanings when
used herein:

            a. "Escrow  Funds" shall mean the Advance funds  deposited  with the
Escrow Agent pursuant to this Agreement.

            b. "Joint Written Direction" shall mean a written direction executed
by the  Investor  and the Company  directing  Escrow  Agent to disburse all or a
portion  of the  Escrow  Funds or to take or  refrain  from  taking  any  action
pursuant to this Agreement.

<PAGE>

            c.  "Common  Stock  Joint  Written  Direction"  shall mean a written
direction  executed by the Investor and the Company directing  Company's Counsel
to disburse all or a portion of the shares of the  Company's  Common Stock or to
refrain from taking any action pursuant to this Agreement.

      2. Appointment of and Acceptance by Escrow Agent.

            a. The Investor and the Company hereby appoint Escrow Agent to serve
as Escrow Agent  hereunder.  Escrow Agent hereby accepts such  appointment  and,
upon receipt by wire transfer of the Escrow Funds in  accordance  with Section 3
below,  agrees to hold,  invest and disburse the Escrow Funds in accordance with
this Agreement.

            b. The Investor and the Company  hereby  appoint the Escrow Agent to
serve as the holder of the shares of the  Company's  Common Stock which shall be
purchased by the Investor. The Escrow Agent hereby accepts such appointment and,
upon receipt of the  certificates  representing  of the shares of the  Company's
Common Stock in accordance with Section 3 below, agrees to hold and disburse the
shares of the Company's Common Stock in accordance with this Agreement.

            c. The Investor hereby acknowledges that the Escrow Agent is counsel
to the Investor in connection with the transactions  contemplated and referenced
herein.  The  Investor  agrees  that in the  event  of any  dispute  arising  in
connection  with this Escrow  Agreement  or  otherwise  in  connection  with any
transaction or agreement  contemplated and referenced  herein,  the Escrow Agent
shall be permitted to continue to  represent  the Company and the Investor  will
not seek to disqualify such counsel.

      3. Creation of Escrow Account/Common Stock Account.

On or prior to the date of this  Agreement  the Escrow Agent shall  establish an
escrow account for the deposit of the Escrow Funds entitled as follows: Marchena
and Graham P.A. as trustee for Signature  Leisure,  Inc./Katalyst  Capital Group
Ltd. The Investor will wire funds to the account of the Escrow Agent.

BANK:                      SunTrust Bank
ROUTING #:                 0 6 1 0 0 0 1 0 4
ACCOUNT #:                 0 7 1 3 7 1 3 0 2 6 9 8 0
NAME ON ACCOUNT:           Marchena and Graham P.A. Trust Account as trustee for
                           Signature Leisure, Inc./Katalyst Capital Group Ltd.

      4. Deposits  into the Escrow  Account.  The Investor  agrees that it shall
promptly  deliver all monies for the  payment of the Common  Stock to the Escrow
Agent for deposit in the Escrow Account.

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<PAGE>

      5. Disbursements from the Escrow Account.

            a.  At  such  time as  Escrow  Agent  has  collected  and  deposited
instruments  of payment in the total amount of the Advance and has received such
Common Stock from the Company which are to be issued to the Investor pursuant to
the Standby  Equity  Distribution  Agreement,  the Escrow Agent shall notify the
Company  and the  Investor.  The Escrow  Agent will  continue to hold such funds
until the Investor  and Company  execute and deliver a Joint  Written  Direction
directing  the Escrow  Agent to  disburse  the Escrow  Funds  pursuant  to Joint
Written  Direction at which time the Escrow Agent shall wire the Escrow Funds to
the Company.  In disbursing such funds,  Escrow Agent is authorized to rely upon
such Joint Written  Direction from Company and may accept any signatory from the
Company  listed on the signature  page to this  Agreement and any signature from
the  Investor  that  is  listed  on  the  signature  page  to  this   agreement.
Simultaneous with delivery of the executed Joint Written Direction to the Escrow
Agent the  Investor and Company  shall  execute and deliver a Common Stock Joint
Written  Direction to the Escrow Agent directing the Escrow Agent to release via
Federal  Express to the Investor the shares of the Company's  Common  Stock.  In
releasing  such shares of Common  Stock the Escrow Agent is  authorized  to rely
upon such Common Stock Joint Written  Direction  from Company and may accept any
signatory  from the Company  listed on the signature  page to this Agreement and
any signature  from the Investor  that is listed on the  signature  page to this
agreement.

      In the event the Escrow  Agent does not  receive the amount of the Advance
from the  Investor or the shares of Common Stock to be purchased by the Investor
from the Company, the Escrow Agent shall notify the Company and the Investor.

      In the event that the Escrow Agent has not received the Common Stock to be
purchased by the Investor from the Company, in no event will the Escrow Funds be
released to the Company until such shares are received by the Escrow  Agreement.
For purposes of this Agreement,  the term "Common Stock certificates" shall mean
Common Stock  certificates  to be purchased  pursuant to the respective  Advance
Notice pursuant to the Standby Equity Distribution Agreement.

      6. Deposit of Funds. The Escrow Agent is hereby  authorized to deposit the
wire transfer proceeds in the Escrow Account.

      7. Suspension of Performance: Disbursement Into Court.

            a.  Escrow  Agent.  If at any time,  there  shall  exist any dispute
between the Company and the Investor with respect to holding or  disposition  of
any portion of the Escrow Funds or the Common Stock or any other  obligations of
Escrow Agent  hereunder,  or if at any time Escrow Agent is unable to determine,
to Escrow Agent's sole  satisfaction,  the proper  disposition of any portion of
the  Escrow  Funds  or  Escrow  Agent's  proper  actions  with  respect  to  its
obligations hereunder, or if the parties have not within thirty (30) days of the
furnishing  by Escrow  Agent of a notice of  resignation  pursuant  to Section 9
hereof,  appointed a successor Escrow Agent to act hereunder,  then Escrow Agent
may, in its sole discretion, take either or both of the following actions:

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<PAGE>

                  i.  Suspend  the   performance  of  any  of  its   obligations
(including  without  limitation any disbursement  obligations) under this Escrow
Agreement  until  such  dispute or  uncertainty  shall be  resolved  to the sole
satisfaction  of  Escrow  Agent  or  until a  successor  Escrow  Agent  shall be
appointed (as the case may be); provided however, Escrow Agent shall continue to
invest the Escrow Funds in accordance with Section 8 hereof; and/or

                  ii. Petition (by means of an interpleader  action or any other
appropriate method) any court of competent  jurisdiction in any venue convenient
to Escrow Agent, for  instructions  with respect to such dispute or uncertainty,
and to the  extent  required  by law,  pay into  such  court,  for  holding  and
disposition in accordance with the instructions of such court, all funds held by
it in the Escrow Funds,  after deduction and payment to Escrow Agent of all fees
and expenses  (including  court costs and attorneys'  fees) payable to, incurred
by, or expected to be incurred by Escrow Agent in connection with performance of
its duties and the exercise of its rights hereunder.

                  iii. Escrow Agent shall have no liability to the Company,  the
Investor,  or any person with respect to any such  suspension of  performance or
disbursement  into  court,  specifically  including  any  liability  or  claimed
liability that may arise, or be alleged to have arisen, out of or as a result of
any delay in the  disbursement of funds held in the Escrow Funds or any delay in
with respect to any other action required or requested of Escrow Agent.

      8.  Investment of Escrow Funds.  The Escrow Agent shall deposit the Escrow
Funds in a non-interest bearing money market account.

      If Escrow  Agent has not  received a Joint  Written  Direction at any time
that an  investment  decision  must be made,  Escrow Agent may retain the Escrow
Fund, or such portion thereof,  as to which no Joint Written  Direction has been
received, in a non-interest bearing money market account.

      9.  Resignation and Removal of Escrow Agent.  Escrow Agent may resign from
the performance of its duties  hereunder at any time by giving thirty (30) days'
prior written notice to the parties or may be removed, with or without cause, by
the parties,  acting jointly,  by furnishing a Joint Written Direction to Escrow
Agent,  at any time by the  giving of ten (10)  days'  prior  written  notice to
Escrow Agent as provided  herein below.  Upon any such notice of  resignation or
removal,  the  representatives  of the  Investor and the Company  identified  in
Sections 13a.(iv) and 13b.(iv),  below, jointly shall appoint a successor Escrow
Agent  hereunder,  which  shall be a  commercial  bank,  trust  company or other
financial  institution.  Upon the  acceptance in writing of any  appointment  of
Escrow Agent hereunder by a successor Escrow Agent,  such successor Escrow Agent
shall  thereupon  succeed  to and become  vested  with all the  rights,  powers,
privileges  and duties of the retiring  Escrow  Agent,  and the retiring  Escrow
Agent  shall be  discharged  from its duties and  obligations  under this Escrow
Agreement,  but shall not be discharged  from any liability for actions taken as
Escrow Agent  hereunder  prior to such  succession.  After any  retiring  Escrow
Agent's  resignation or removal,  the provisions of this Escrow  Agreement shall
inure to its benefit as to any actions  taken or omitted to be taken by it while
it was Escrow Agent under this Escrow Agreement. The retiring Escrow Agent shall
transmit all records pertaining to the Escrow Funds and shall pay all funds held
by it in the Escrow Funds to the successor Escrow Agent,  after making copies of
such records as the retiring  Escrow Agent deems  advisable and after  deduction
and payment to the retiring  Escrow  Agent of all fees and  expenses  (including
court costs and  attorneys'  fees)  payable to,  incurred  by, or expected to be
incurred by the retiring  Escrow Agent in connection with the performance of its
duties and the exercise of its rights hereunder.

                                       4
<PAGE>

      10. Liability of Escrow Agent.

            a. Escrow Agent shall have no liability or  obligation  with respect
to the Escrow  Funds  except  for Escrow  Agent's  willful  misconduct  or gross
negligence.  Escrow Agent's sole  responsibility  shall be for the  safekeeping,
investment, and disbursement of the Escrow Funds in accordance with the terms of
this  Agreement.  Escrow Agent shall have no implied duties or  obligations  and
shall not be charged with  knowledge or notice or any fact or  circumstance  not
specifically  set forth herein.  Escrow Agent may rely upon any instrument,  not
only as to its due  execution,  validity and  effectiveness,  but also as to the
truth and  accuracy of any  information  contained  therein,  which Escrow Agent
shall in good faith  believe to be genuine,  to have been signed or presented by
the person or parties  purporting to sign the same and conform to the provisions
of this  Agreement.  In no event shall  Escrow  Agent be liable for  incidental,
indirect, special, and consequential or punitive damages. Escrow Agent shall not
be obligated to take any legal action or commence any  proceeding  in connection
with the Escrow  Funds,  any account in which Escrow Funds are  deposited,  this
Agreement  or the  Standby  Equity  Distribution  Agreement,  or to  appear  in,
prosecute  or defend  any such  legal  action or  proceeding.  Escrow  Agent may
consult legal counsel  selected by it in the event of any dispute or question as
to construction of any of the provisions hereof or of any other agreement or its
duties  hereunder,  or relating to any dispute  involving any party hereto,  and
shall  incur no  liability  and shall be fully  indemnified  from any  liability
whatsoever  in acting in  accordance  with the opinion or  instructions  of such
counsel.  The Company and the Investor jointly and severally shall promptly pay,
upon  demand,  the  reasonable  fees and expenses of any such counsel and Escrow
Agent is hereby  authorized  to pay such fees and  expenses  from  funds held in
escrow.

            b. The Escrow Agent is hereby authorized, in its sole discretion, to
comply with orders  issued or process  entered by any court with  respect to the
Escrow  Funds,  without  determination  by the  Escrow  Agent  of  such  court's
jurisdiction  in the matter.  If any portion of the Escrow  Funds is at any time
attached,  garnished  or  levied  upon  under any  court  order,  or in case the
payment, assignment, transfer, conveyance or delivery of any such property shall
be stayed or enjoined by any court order,  or in any case any order  judgment or
decree shall be made or entered by any court affecting such property or any part
thereof, then and in any such event, the Escrow Agent is authorized, in its sole
discretion, to rely upon and comply with any such order, writ judgment or decree
which it is advised by legal counsel  selected by it,  binding upon it,  without
the need for appeal or other action;  and if the Escrow Agent  complies with any
such  order,  writ,  judgment  or  decree,  it shall not be liable to any of the
parties  hereto  or to any other  person or entity by reason of such  compliance
even though such order,  writ judgment or decree may be  subsequently  reversed,
modified, annulled, set aside or vacated.

                                       5
<PAGE>

      11.  Indemnification of Escrow Agent. From and at all times after the date
of this  Agreement,  the parties  jointly and severally,  shall,  to the fullest
extent  permitted by law and to the extent provided  herein,  indemnify and hold
harmless Escrow Agent and each director, officer, employee,  attorney, agent and
affiliate of Escrow Agent (collectively,  the "Indemnified Parties") against any
and all actions,  claims (whether or not valid), losses,  damages,  liabilities,
costs  and  expenses  of  any  kind  or  nature  whatsoever  (including  without
limitation  reasonable  attorney's  fees,  costs and  expenses)  incurred  by or
asserted against any of the Indemnified  Parties from and after the date hereof,
whether direct, indirect or consequential,  as a result of or arising from or in
any way relating to any claim,  demand,  suit, action, or proceeding  (including
any inquiry or  investigation) by any person,  including without  limitation the
parties to this Agreement,  whether  threatened or initiated,  asserting a claim
for any legal or  equitable  remedy  against  any  person  under any  statute or
regulation, including, but not limited to, any federal or state securities laws,
or under any common law or  equitable  cause or  otherwise,  arising  from or in
connection with the negotiation,  preparation, execution, performance or failure
of performance of this Agreement or any transaction contemplated herein, whether
or not any such  Indemnified  Party is a party to any such action or proceeding,
suit or the target of any such inquiry or investigation; provided, however, that
no  Indemnified  Party  shall  have the right to be  indemnified  hereunder  for
liability finally determined by a court of competent jurisdiction, subject to no
further  appeal,  to have resulted  solely from the gross  negligence or willful
misconduct  of such  Indemnified  Party.  If any such  action or claim  shall be
brought or asserted against any Indemnified  Party, such Indemnified Party shall
promptly notify the Company and the Investor  hereunder in writing,  and the and
the Company  shall  assume the defense  thereof,  including  the  employment  of
counsel and the payment of all expenses.  Such  Indemnified  Party shall, in its
sole discretion,  have the right to employ separate counsel (who may be selected
by such  Indemnified  Party in its sole  discretion)  in any such  action and to
participate and to participate in the defense thereof, and the fees and expenses
of such  counsel  shall  be paid by such  Indemnified  Party,  except  that  the
Investor  and/or the  Company  shall be required to pay such fees and expense if
(a) the Investor or the Company agree to pay such fees and expenses,  or (b) the
Investor  and/or the Company  shall fail to assume the defense of such action or
proceeding or shall fail, in the sole discretion of such  Indemnified  Party, to
employ counsel  reasonably  satisfactory  to the  Indemnified  Party in any such
action or proceeding,  (c) the Investor and the Company are the plaintiff in any
such  action or  proceeding  or (d) the named or  potential  parties to any such
action or proceeding  (including any potentially impleaded parties) include both
Indemnified  Party the Company and/or the Investor and  Indemnified  Party shall
have been  advised  by  counsel  that  there may be one or more  legal  defenses
available to it which are different from or additional to those available to the
Company or the  Investor.  The  Investor  and the  Company  shall be jointly and
severally  liable to pay fees and expenses of counsel  pursuant to the preceding
sentence, except that any obligation to pay under clause (a) shall apply only to
the party so agreeing.  All such fees and expenses payable by the Company and/or
the Investor pursuant to the foregoing  sentence shall be paid from time to time
as incurred,  both in advance of and after the final  disposition of such action
or claim.  The  obligations  of the parties under this section shall survive any
termination of this  Agreement,  and  resignation or removal of the Escrow Agent
shall be independent of any obligation of Escrow Agent.

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<PAGE>

      12.  Expenses  of Escrow  Agent.  Except as set  forth in  Section  11 the
Company shall  reimburse  Escrow Agent for all of its  reasonable  out-of-pocket
expenses,  including  attorneys' fees, travel expenses,  telephone and facsimile
transmission  costs,  postage  (including  express mail and  overnight  delivery
charges),  copying  charges  and the like as  outlined  in  Section  12.4 of the
Standby  Equity  Distribution  Agreement  dated  the  date  hereof.  All  of the
compensation  and  reimbursement  obligations set forth in this Section shall be
payable by the Company,  upon demand by Escrow  Agent.  The  obligations  of the
Company under this Section shall survive any  termination  of this Agreement and
the resignation or removal of Escrow Agent.

      13. Warranties.

            a. The Investor makes the following  representations  and warranties
to the Escrow Agent and Company:

                  i. The  Investor  has full power and  authority to execute and
deliver this Agreement and to perform its obligations hereunder.

                  ii. This  Agreement  has been duly  approved by all  necessary
action of the Investor,  including any necessary approval of the limited partner
of the Investor, has been executed by duly authorized officers of the Investor's
general partner, enforceable in accordance with its terms.

                  iii. The execution,  delivery, and performance of the Investor
of this Agreement will not violate,  conflict with, or cause a default under the
agreement  of  limited  partnership  of  the  Investor,  any  applicable  law or
regulation,  any  court  order or  administrative  ruling or degree to which the
Investor  is a  party  or any of its  property  is  subject,  or any  agreement,
contract, indenture, or other binding arrangement.

                  iv.  Jason  Tribeca  has  been  duly  appointed  to act as the
representative  of  Investor  hereunder  and has full  power  and  authority  to
execute,  deliver, and perform this Agreement,  to execute and deliver any Joint
Written Direction,  to amend,  modify, or waive any provision of this Agreement,
and to take any and all other  actions as the  Investor's  representative  under
this Agreement, all without further consent or direction form, or notice to, the
Investor or any other party.

                  v. No party other than the parties hereto have, or shall have,
any lien, claim or security interest in the Escrow Funds or any part thereof. No
financing  statement  under  the  Uniform  Commercial  Code  is on  file  in any
jurisdiction claiming a security interest in or describing (whether specifically
or generally) the Escrow Funds or any part thereof.

                  vi. All of the  representations and warranties of the Investor
contained  herein are true and  complete  as of the date hereof and will be true
and  complete  at the time of any  disbursement  from the Escrow  Funds.

            b. The Company makes the following representations and warranties to
Escrow Agent and, the Investor:

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<PAGE>

                  i.  The  Company  is a  corporation  duly  organized,  validly
existing,  and in good standing  under the laws of the State of Nevada,  and has
full power and  authority to execute and deliver this  Agreement  and to perform
its obligations hereunder.

      t 18 0 ii.  This  Agreement  has  been  duly  approved  by  all  necessary
corporate action of the Company,  including any necessary  shareholder approval,
has been executed by duly  authorized  officers of the Company,  enforceable  in
accordance with its terms.

                  iii. The execution,  delivery,  and performance by the Company
of this Escrow  Agreement is in accordance with the Standby Equity  Distribution
Agreement  and will not violate,  conflict  with,  or cause a default  under the
certificate  of  incorporation  or bylaws of the Company,  any applicable law or
regulation,  any  court  order or  administrative  ruling or decree to which the
Company  is a  party  or any of  its  property  is  subject,  or any  agreement,
contract, indenture, or other binding arrangement.

                  iv.  Stephen W. Carnes has been duly  appointed  to act as the
representative  of the Company  hereunder  and has full power and  authority  to
execute,  deliver, and perform this Agreement,  to execute and deliver any Joint
Written Direction, to amend, modify or waive any provision of this Agreement and
to take all other actions as the Company's  Representative under this Agreement,
all without  further consent or direction from, or notice to, the Company or any
other party.

                  v. No party other than the  parties  hereto  shall  have,  any
lien,  claim or security  interest in the Escrow Funds or any part  thereof.  No
financing  statement  under  the  Uniform  Commercial  Code  is on  file  in any
jurisdiction claiming a security interest in or describing (whether specifically
or generally) the Escrow Funds or any part thereof.

                  vi. All of the  representations  and warranties of the Company
contained  herein are true and  complete  as of the date hereof and will be true
and complete at the time of any disbursement from the Escrow Funds.

      14. Consent to Jurisdiction  and Venue. In the event that any party hereto
commences  a  lawsuit  or other  proceeding  relating  to or  arising  from this
Agreement,  the parties  hereto agree that the United States  District Court for
the District of Florida shall have the sole and exclusive  jurisdiction over any
such  proceeding.  If all such courts lack federal subject matter  jurisdiction,
the parties agree that the Superior Court Division of Florida,  Seminole  County
shall have sole and exclusive jurisdiction.  Any of these courts shall be proper
venue for any such lawsuit or judicial  proceeding  and the parties hereto waive
any objection to such venue.  The parties  hereto consent to and agree to submit
to the  jurisdiction of any of the courts  specified  herein and agree to accept
the service of process to vest personal  jurisdiction  over them in any of these
courts.

      15. Notice.  All notices and other  communications  hereunder  shall be in
writing and shall be deemed to have been validly served, given or delivered five
(5) days after deposit in the United States mail, by certified  mail with return
receipt requested and postage prepaid,  when delivered  personally,  one (1) day
delivery to any overnight courier, or when transmitted by facsimile transmission
and addressed to the party to be notified as follows:

                                       8
<PAGE>

If to Investor, to:           Katalyst Capital Group
                              Leeward Highway
                              Providencials, Turks & Caicos Islands, B.W.I.
                              Attention:        Jason Tribeca, Portfolio Manager
                              Katalyst Capital Group

If to Escrow Agent, to:       Marchena and Graham P.A.
                              233 S. Semoran Blvd.
                              Orlando, FL 32807
                              Attention: Keith Graham
                              Marchena and Graham P.A.

If to Company, to:            Signature Leisure, Inc.
                              100 Candace Drive, Suite 100
                              Lake Mary, FL 32746
                              Attention:        Stephen W. Carnes, President

With a copy to:               Kirkpatrick & Lockhart LLP
                              201 South Biscayne Boulevard - Suite 2000
                              Miami, Florida  33131-2399
                              Attention:        Clayton E. Parker, Esq.
                              Telephone:        (305) 539-3300
                              Facsimile:        (305) 358-7095

      Or to such other  address as each party may  designate  for itself by like
notice.

      16.  Amendments  or  Waiver.  This  Agreement  may  be  changed,   waived,
discharged or terminated  only by a writing  signed by the parties of the Escrow
Agent.  No delay or omission by any party in  exercising  any right with respect
hereto  shall  operate  as  waiver.  A waiver on any one  occasion  shall not be
construed as a bar to, or waiver of, any right or remedy on any future occasion.

      17.  Severability.  To the  extent  any  provision  of this  Agreement  is
prohibited  by  or  invalid  under  applicable  law,  such  provision  shall  be
ineffective  to  the  extent  of  such  prohibition,   or  invalidity,   without
invalidating the remainder of such provision or the remaining provisions of this
Agreement.

      18.  Governing Law. This Agreement  shall be construed and  interpreted in
accordance  with the internal laws of the State of Nevada  without giving effect
to the conflict of laws principles thereof.

      19. Entire  Agreement.  This Agreement  constitutes  the entire  Agreement
between the parties relating to the holding, investment, and disbursement of the
Escrow Funds and sets forth in their entirety the  obligations and duties of the
Escrow Agent with respect to the Escrow Funds.

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<PAGE>

      20. Binding Effect.  All of the terms of this  Agreement,  as amended from
time to time,  shall be binding upon, inure to the benefit of and be enforceable
by the respective heirs, successors and assigns of the Investor, the Company, or
the Escrow Agent.

      21.  Execution  of  Counterparts.  This  Agreement  and any Joint  Written
Direction  may be  executed  in  counter  parts,  which when so  executed  shall
constitute one and same agreement or direction.

      22. Termination. Upon the first to occur of the termination of the Standby
Equity  Distribution  Agreement dated the date hereof or the disbursement of all
amounts in the Escrow  Funds and Common  Stock into court  pursuant to Section 7
hereof,  this Agreement  shall  terminate and Escrow Agent shall have no further
obligation or liability  whatsoever with respect to this Agreement or the Escrow
Funds or Common Stock.

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                                       10
<PAGE>

      IN WITNESS WHEREOF the parties have hereunto set their hands and seals the
day and year above set forth.

                                       SIGNATURE LEISURE, INC.

                                       By: /s/ Stephen W. Carnes
                                           -------------------------------------
                                       Name:    Stephen W. Carnes
                                       Title:   President

                                       KATALYST CAPITAL GROUP

                                       By: /s/ Jason Tribeca
                                           -------------------------------------
                                       Name:    Jason Tribeca
                                       Title:   Portfolio Manager

                                       MARCHENA AND GRAHAM, P.A.

                                       By: /s/ Keith Graham, Esq.
                                           -------------------------------------
                                       Name:    Keith Graham, Esq.
                                       Title:   Partner

                                       11SHARE PURCHASE AGREEMENT

THIS AGREEMENT is made as of the 8th day of July, 2005

AMONG:

            B&D FOOD CORP.,  a  corporation  formed  pursuant to the
            laws of the State of  Delaware  and having an office for
            business  located  at Rua Luis  Coelho  223,  8th Floor,
            Cerqueira Cesar-Sao Paulo-Sp-Brazil-01415-001

            ("B&D")

AND:

            BDFC BRASIL  ALIMENTOS  LTDA., a company formed pursuant
            to the laws of Brazil and having an office for  business
            located at Rua Luis Coelho 223, 8th Floor,  Conjunto 81,
            Cerqueira Cesar, Sao Paulo-S.P.-Brazil-CEP:01309-901

            ("BDFC")

AND:

            The  shareholders of BDFC, each of whom are set forth on
            the signature page of this Agreement

            (the "BDFC Shareholders")

WHEREAS:

A.    The  BDFC  Shareholders  own  4,242,908  BDFC  Shares,  being  100% of the
presently issued and outstanding BDFC Shares;

B.    B&D is a  reporting  company  whose  common  stock is  quoted  on the NASD
"Bulletin Board"; and

C.    The respective  Boards of Directors of B&D, and BDFC deem it advisable and
in the best interests of B&D and BDFC that BDFC become a wholly-owned subsidiary
of B&D (the "Acquisition") pursuant to this Agreement.

NOW THEREFORE THIS AGREEMENT  WITNESSETH THAT in  consideration  of the premises
and the mutual covenants,  agreements,  representations and warranties contained
herein, and other good and valuable  consideration,  the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:

<PAGE>

                                      -2-

                                    ARTICLE 1
                         DEFINITIONS AND INTERPRETATION

DEFINITIONS

1.1   In this Agreement the following terms will have the following meanings:

      (a)   "ACQUISITION" means the Acquisition,  at the Closing, of BDFC by B&D
            pursuant to this Agreement;

      (b)   "ACQUISITION  SHARES" means the  95,344,688  B&D Common Shares to be
            issued to the BDFC  Shareholders at Closing pursuant to the terms of
            the Acquisition;

      (c)   "AGREEMENT" means this share purchase agreement among B&D, BDFC, and
            the BDFC Shareholders;

      (d)   "BDFC ACCOUNTS PAYABLE AND  LIABILITIES"  means all accounts payable
            and  liabilities of BDFC, due and owing or otherwise  constituting a
            binding  obligation of BDFC (other than a BDFC Material Contract) as
            of March 31, 2005 as set forth in Schedule "A" hereto;

      (e)   "BDFC ACCOUNTS  RECEIVABLE" means all accounts  receivable and other
            debts  owing to BDFC,  as of March 31, 2005 as set forth in Schedule
            "B" hereto;

      (f)   "BDFC ASSETS" means the  undertaking and all the property and assets
            of the BDFC  Business  of every  kind  and  description  wheresoever
            situated  including,   without  limitation,   BDFC  Equipment,  BDFC
            Inventory, BDFC Material Contracts,  BDFC Accounts Receivable,  BDFC
            Cash,  BDFC  Intangible  Assets  and BDFC  Goodwill,  and all credit
            cards, charge cards and banking cards issued to BDFC;

      (g)   "BDFC BANK ACCOUNTS" means all of the bank accounts,  lock boxes and
            safety deposit boxes of BDFC or relating to the BDFC Business as set
            forth in Schedule "C" hereto;

      (h)   "BDFC BUSINESS" means all aspects of the business conducted by BDFC;

      (i)   "BDFC  CASH"  means all cash on hand or on  deposit to the credit of
            BDFC on the Closing Date;

      (j)   "BDFC DEBT TO RELATED  PARTIES" means the debts owed by BDFC and its
            subsidiaries  to  the  BDFC  Shareholders  or to any  family  member
            thereof,  or to any  affiliate,  director  or officer of BDFC or the
            BDFC Shareholders as described in Schedule "D";

      (k)   "BDFC  EQUIPMENT"  means all machinery,  equipment,  furniture,  and
            furnishings   used  in  the  BDFC   Business,   including,   without
            limitation,  the items more  particularly  described in Schedule "E"
            hereto;

      (l)   "BDFC  FINANCIAL   STATEMENTS"  means   collectively,   the  audited
            consolidated  financial  statements  of  BDFC  for the  period  from
            inception to December 31, 2004, together with the reviewed financial
            statements  for the three month period  ended March 31,  2005,  true
            copies of which are attached as Schedule "F" hereto;

<PAGE>
                                      -3-

      (m)   "BDFC  GOODWILL"  means the goodwill of the BDFC  Business  together
            with the exclusive  right of B&D to represent  itself as carrying on
            the BDFC Business in succession of BDFC subject to the terms hereof,
            and the right to use any words  indicating that the BDFC Business is
            so carried on  including  the right to use the name  "BDFC" or "BDFC
            International" or any variation thereof as part of the name of or in
            connection  with the BDFC Business or any part thereof carried on or
            to be carried on by BDFC, the right to all corporate,  operating and
            trade names associated with the BDFC Business,  or any variations of
            such names as part of or in connection  with the BDFC Business,  all
            telephone listings and telephone advertising contracts, all lists of
            customers,  books and records and other information  relating to the
            BDFC Business,  all necessary  licenses and  authorizations  and any
            other rights used in connection with the BDFC Business;

      (n)   "BDFC INSURANCE  POLICIES" means the public liability  insurance and
            insurance  against  loss or  damage  to  BDFC  Assets  and the  BDFC
            Business as described in Schedule "G" hereto;

      (o)   "BDFC INTANGIBLE ASSETS" means all of the intangible assets of BDFC,
            including, without limitation, BDFC Goodwill, all trademarks, logos,
            copyrights,  designs, and other intellectual and industrial property
            of BDFC and its subsidiaries;

      (p)   "BDFC  INVENTORY"  means  all  inventory  and  supplies  of the BDFC
            Business as of March 31, 2005 as set forth in Schedule "H" hereto;

      (q)   "BDFC  MATERIAL  CONTRACTS"  means the burden and benefit of and the
            right,  title  and  interest  of BDFC in, to and under all trade and
            non-trade contracts,  engagements or commitments, whether written or
            oral, to which BDFC is entitled in connection with the BDFC Business
            whereunder  BDFC is  obligated to pay or entitled to receive the sum
            of $10,000 or more including, without limitation, any pension plans,
            profit  sharing  plans,  bonus  plans,  loan  agreements,   security
            agreements,   indemnities  and   guarantees,   any  agreements  with
            employees,  lessees, licensees,  managers,  accountants,  suppliers,
            agents, distributors, officers, directors, attorneys or others which
            cannot be terminated  without liability on not more than one month's
            notice, and those contracts listed in Schedule "I" hereto;

      (r)   "BDFC  RELATED  PARTY  DEBTS"  means  the  debts  owed  by the  BDFC
            Shareholders or by any family member  thereof,  or by any affiliate,
            director  or  officer of BDFC or the BDFC  Shareholders,  to BDFC as
            described in Schedule "J";

      (s)   "BDFC  SHARES"  means all of the  issued and  outstanding  shares of
            BDFC's equity stock;

      (t)   "B&D ACCOUNTS  PAYABLE AND  LIABILITIES"  means all accounts payable
            and  liabilities of B&D, on a consolidated  basis,  due and owing or
            otherwise   constituting  a  binding   obligation  of  B&D  and  its
            subsidiaries  (other than a B&D  Material  Contract) as of March 31,
            2005 as set forth is Schedule "K" hereto;

      (u)   "B&D ACCOUNTS  RECEIVABLE"  means all accounts  receivable and other
            debts owing to B&D, on a consolidated basis, as of March 31, 2005 as
            set forth in Schedule "L" hereto;

      (v)   "B&D ASSETS" means the  undertaking  and all the property and assets
            of the B&D  Business  of  every  kind  and  description  wheresoever
            situated   including,   without  limitation,   B&D  Equipment,   B&D
            Inventory,  B&D Material  Contracts,  B&D Accounts  Receivable,  B&D
            Cash, B&D Intangible Assets and B&D Goodwill,  and all credit cards,
            charge cards and banking cards issued to B & D;

<PAGE>
                                      -4-

      (w)   "B&D BANK ACCOUNTS"  means all of the bank accounts,  lock boxes and
            safety deposit boxes of B&D and its  subsidiaries or relating to the
            B&D Business as set forth in Schedule "M" hereto;

      (x)   "B&D  BUSINESS"  means all aspects of any business  conducted by B&D
            and its subsidiaries;

      (y)   "B&D CASH" means all cash on hand or on deposit to the credit of B&D
            and its subsidiaries on the Closing Date;

      (z)   "B&D COMMON  SHARES" means the shares of common stock in the capital
            of B & D;

      (aa)  "B&D DEBT TO  RELATED  PARTIES"  means the debts  owed by B&D to any
            affiliate,  director or officer of B&D as  described in Schedule "N"
            hereto;

      (bb)  "B&D  EQUIPMENT"  means all  machinery,  equipment,  furniture,  and
            furnishings used in the B&D Business, including, without limitation,
            the items more particularly described in Schedule "O" hereto;

      (cc)  "B&D  FINANCIAL   STATEMENTS"  means,   collectively,   the  audited
            consolidated  financial  statements of B&D for the fiscal year ended
            December 31, 2004,  together with the unqualified  auditors'  report
            thereon, and the unaudited  consolidated financial statements of B&D
            for the three  month  period  ended March 31,  2005,  true copies of
            which are attached as Schedule "P" hereto;

      (dd)  "B&D GOODWILL" means the goodwill of the B&D Business  including the
            right to all corporate,  operating and trade names  associated  with
            the B&D Business,  or any  variations of such names as part of or in
            connection  with the B&D  Business,  all books and records and other
            information relating to the B&D Business, all necessary licenses and
            authorizations  and any other rights used in connection with the B&D
            Business;

      (ee)  "B&D INSURANCE  POLICIES" means the public  liability  insurance and
            insurance  against  loss or  damage  to the B&D  Assets  and the B&D
            Business as described in Schedule "Q" hereto;

      (ff)  "B&D  INTANGIBLE  ASSETS" means all of the intangible  assets of B&D
            and its subsidiaries,  including,  without limitation, B&D Goodwill,
            all trademarks,  logos, copyrights,  designs, and other intellectual
            and industrial property of B&D and its subsidiaries;

      (gg)  "B&D INVENTORY" means all inventory and supplies of the B&D Business
            as of March 31, 2005, as set forth in Schedule "R" hereto;

      (hh)  "B&D  MATERIAL  CONTRACTS"  means the burden and  benefit of and the
            right,  title and  interest of B&D and its  subsidiaries  in, to and
            under all trade and non-trade contracts, engagements or commitments,
            whether  written  or oral,  to  which  B&D or its  subsidiaries  are
            entitled  whereunder B&D or its subsidiaries are obligated to pay or
            entitled  to receive the sum of $10,000 or more  including,  without
            limitation,  any pension plans,  profit sharing plans,  bonus plans,
            loan agreements,  security  agreements,  indemnities and guarantees,
            any  agreements  with  employees,   lessees,  licensees,   managers,

<PAGE>
                                      -5-

            accountants,  suppliers, agents, distributors,  officers, directors,
            attorneys or others which cannot be terminated  without liability on
            not more than one  month's  notice,  and those  contracts  listed in
            Schedule "S" hereto;

      (ii)  "CLOSING"  means  the  completion,  on  the  Closing  Date,  of  the
            transactions  contemplated  hereby  in  accordance  with  Article  9
            hereof;

      (jj)  "CLOSING  DATE" means the day on which all  conditions  precedent to
            the completion of the transaction as  contemplated  hereby have been
            satisfied or waived;

      (KK)  "CONVERTIBLE  NOTE" means an note in the aggregate  principal amount
            of Ten  Million  Dollars  ($10,000,000)  in the form of Exhibit  "A"
            hereto (as amended, modified or supplemented from time to time); and

      (ll)  "PLACE OF CLOSING"  means the  offices of  Sichenzia  Ross  Friedman
            Ference LLP, or such other place as B&D and BDFC may mutually  agree
            upon.

Any other terms defined within the text of this Agreement will have the meanings
so ascribed to them.

CAPTIONS AND SECTION NUMBERS

1.2   The headings and section  references in this Agreement are for convenience
of reference  only and do not form a part of this Agreement and are not intended
to interpret,  define or limit the scope,  extent or intent of this Agreement or
any provision thereof.

SECTION REFERENCES AND SCHEDULES

1.3   Any reference to a particular "Article", "section",  "paragraph", "clause"
or other  subdivision is to the  particular  Article,  section,  clause or other
subdivision  of this  Agreement  and any  reference to a Schedule by letter will
mean the appropriate  Schedule  attached to this Agreement and by such reference
the appropriate  Schedule is incorporated  into and made part of this Agreement.
The Schedules to this Agreement are as follows:

Information concerning BDFC

      Schedule "A" BDFC Accounts  Payable and  Liabilities
      Schedule "B" BDFC Accounts  Receivable
      Schedule "C" BDFC Bank Accounts
      Schedule "D" BDFC Debts to Related Parties
      Schedule "E" BDFC Equipment
      Schedule "F" BDFC Financial  Statements
      Schedule "G" BDFC Insurance Policies
      Schedule "H" BDFC Inventory
      Schedule "I" BDFC Material  Contracts
      Schedule "J" BDFC Related Party Debts

Information concerning B&D

      Schedule "K" B&D Accounts Payable and Liabilities
      Schedule "L" B&D Accounts Receivable
      Schedule "M" B&D Bank Accounts
      Schedule "N" B&D Debts to Related Parties
      Schedule "O" B&D Equipment

<PAGE>
                                      -6-

      Schedule "P" B&D Financial Statements
      Schedule "Q" B&D Insurance Policies
      Schedule "R" B&D Inventory
      Schedule "S" B&D Material Contracts

SEVERABILITY OF CLAUSES

1.4   If any part of this  Agreement  is  declared or held to be invalid for any
reason, such invalidity will not affect the validity of the remainder which will
continue in full force and effect and be construed as if this Agreement had been
executed without the invalid portion, and it is hereby declared the intention of
the parties that this Agreement  would have been executed  without  reference to
any portion  which may,  for any  reason,  be  hereafter  declared or held to be
invalid.

                                    ARTICLE 2
                                 THE ACQUISITION

SALE OF SHARES

2.1   The BDFC  Shareholders  hereby  agree to sell to B&D the  BDFC  Shares  in
exchange for the Acquisition Shares and the Convertible Note on the Closing Date
and to transfer to B&D on the Closing Date a 99.85% undivided interest in and to
the BDFC Shares free from all liens, mortgages,  charges, pledges,  encumbrances
or other burdens with all rights now or thereafter attached thereto.

ALLOCATION OF CONSIDERATION

2.2   The  Acquisition  Shares shall be allocated to the BDFC  Shareholders,  in
accordance with Exhibit "B" hereto,  on the basis of  22.5050649248  Acquisition
Shares for each one BDFC Share held by a BDFC  Shareholder  and the  Convertible
Note shall be issued to the BDFC Shareholders who held preferred BDFC Shares.

ADHERENCE WITH APPLICABLE SECURITIES LAWS

2.2   The BDFC Shareholders agree that they are acquiring the Acquisition Shares
for investment purposes and will not offer, sell or otherwise  transfer,  pledge
or hypothecate any of the Acquisition Shares issued to them (other than pursuant
to an effective  Registration  Statement  under the  Securities  Act of 1933, as
amended) directly or indirectly unless:

      (a)   the sale is to B & D;

      (b)   the sale is made pursuant to the exemption from  registration  under
            the  Securities  Act of  1933,  as  amended,  provided  by Rule  144
            thereunder; or

      (c)   the  Acquisition  Shares  are sold in a  transaction  that  does not
            require  registration  under the Securities Act of 1933, as amended,
            or any applicable United States state laws and regulations governing
            the offer and sale of  securities,  and the vendor has  furnished to
            B&D an  opinion of  counsel  to that  effect or such  other  written
            opinion as may be reasonably required by B&D.

      The BDFC Shareholders  acknowledge that the certificates  representing the
Acquisition Shares shall bear the following legend:

<PAGE>
                                      -7-

            NO SALE, OFFER TO SELL, OR TRANSFER OF THE SHARES  REPRESENTED
            BY THIS  CERTIFICATE  SHALL  BE  MADE  UNLESS  A  REGISTRATION
            STATEMENT  UNDER  THE  FEDERAL  SECURITIES  ACT  OF  1933,  AS
            AMENDED,  IN  RESPECT  OF SUCH  SHARES IS THEN IN EFFECT OR AN
            EXEMPTION FROM THE  REGISTRATION  REQUIREMENTS  OF SAID ACT IS
            THEN IN FACT APPLICABLE TO SAID SHARES.

                                    ARTICLE 3
                         REPRESENTATIONS AND WARRANTIES
                                     OF B&D

REPRESENTATIONS AND WARRANTIES

3.1   B&D hereby  represents  and warrants in all material  respects to BDFC and
the BDFC Shareholders,  with the intent that BDFC and the BDFC Shareholders will
rely thereon in entering into this Agreement and in approving and completing the
transactions contemplated hereby, that:

B&D - CORPORATE STATUS AND CAPACITY

      (a)   Incorporation.  B&D is a corporation  duly  incorporated and validly
            subsisting  under the laws of the State of Delaware,  and is in good
            standing  with the office of the Secretary of State for the State of
            Delaware;

      (b)   Carrying on Business.  B&D  conducts  the business  described in its
            filings with the  Securities  and Exchange  Commission  and does not
            conduct any other business. B&D is duly authorized and registered or
            otherwise  qualified  to carry on such  business  as required by any
            relevant jurisdiction;

      (c)   Corporate  Capacity.  B&D  has the  corporate  power,  capacity  and
            authority to own the B&D Assets and to enter into and complete  this
            Agreement;

      (d)   Reporting Status;  Listing.  B&D is required to file current reports
            with the  Securities  and  Exchange  Commission  pursuant to section
            15(d) of the Securities  Exchange Act of 1934, the B&D Common Shares
            are quoted on the NASD "Bulletin Board", and all reports required to
            be filed by B&D with the Securities and Exchange  Commission or NASD
            have been timely filed;

B&D - CAPITALIZATION

      (e)   Authorized  Capital.  The  authorized  capital  of B&D  consists  of
            400,000,000  B&D  Common  Shares,  $0.001  par value and  10,000,000
            shares of preferred stock.  $0.001 par value, of which 4,655,312 B&D
            Common Shares, and no shares of preferred stock are presently issued
            and outstanding;

      (f)   No Option,  Warrant or Other Right.  No person,  firm or corporation
            has any agreement,  option,  warrant,  preemptive right or any other
            right capable of becoming an agreement, option, warrant or right for
            the   acquisition   of  B&D  Common  Shares  or  for  the  purchase,
            subscription  or  issuance  of  any of the  unissued  shares  in the
            capital of B & D;

<PAGE>
                                      -8-

B&D - RECORDS AND FINANCIAL STATEMENTS

      (g)   Charter Documents. The charter documents of B&D and its subsidiaries
            have not been altered since the incorporation of each, respectively,
            except as filed in the record books of B&D or its  subsidiaries,  as
            the case may be;

      (h)   Corporate  Minute Books.  The corporate  minute books of B&D and its
            subsidiaries are complete and each of the minutes  contained therein
            accurately  reflect the actions that were taken at a duly called and
            held meeting or by consent without a meeting. All actions by B&D and
            its subsidiaries which required director or shareholder approval are
            reflected on the corporate minute books of B&D and its subsidiaries.
            B&D and its  subsidiaries  are not in  violation or breach of, or in
            default with respect to, any term of their  respective  Certificates
            of Incorporation (or other charter documents) or by-laws.

      (i)   B&D  Financial  Statements.  The B&D  Financial  Statements  present
            fairly,  in  all  material  respects,  the  assets  and  liabilities
            (whether  accrued,  absolute,  contingent or otherwise) of B&D, on a
            consolidated  basis,  as of the respective  dates  thereof,  and the
            sales and  earnings of the B&D Business  during the periods  covered
            thereby,  in  all  material  respects  and  have  been  prepared  in
            substantial accordance with generally accepted accounting principles
            consistently applied;

      (j)   B&D  Accounts  Payable  and  Liabilities.   There  are  no  material
            liabilities,  contingent  or otherwise,  of B&D or its  subsidiaries
            which are not  disclosed  in Schedule "B" hereto or reflected in the
            B&D  Financial  Statements  except  those  incurred in the  ordinary
            course of business  since the date of the said  schedule and the B&D
            Financial  Statements,  and  neither B&D nor its  subsidiaries  have
            guaranteed  or agreed to  guarantee  any  debt,  liability  or other
            obligation of any person, firm or corporation.  Without limiting the
            generality of the foregoing, all accounts payable and liabilities of
            B&D as of March 31, 2005, are described in Schedule "B" hereto;

      (k)   B&D Accounts Receivable. All the B&D Accounts Receivable result from
            bona fide  business  transactions  and  services  actually  rendered
            without,  to the  knowledge  and  belief  of B&D,  any  claim by the
            obligor for set-off or counterclaim. Without limiting the generality
            of the  foregoing,  all accounts  receivable  of B&D as of March 31,
            2005, are described in Schedule "C" hereto;

      (l)   B&D Bank  Accounts.  All of the B&D Bank Accounts,  their  location,
            numbers and the authorized  signatories  thereto are as set forth in
            Schedule "D" hereto;

      (m)   No Debt to Related  Parties.  Except as  disclosed  in Schedule  "E"
            hereto,  neither B&D nor any of its  subsidiaries is, and on Closing
            will not be,  indebted to any affiliate,  director or officer of B&D
            except   accounts   payable  on   account  of  bona  fide   business
            transactions  of B&D incurred in normal  course of the B&D Business,
            including employment agreements, none of which are more than 30 days
            in arrears;

      (n)   No Related Party Debt to B&D. No director or officer or affiliate of
            B&D is now indebted to or under any  financial  obligation to B&D or
            any  subsidiary  on any account  whatsoever,  except for advances on
            account of travel and other expenses not exceeding $1,000 in total;

      (o)   No Dividends.  No dividends or other  distributions on any shares in
            the capital of B&D have been made,  declared or authorized since the
            date of B&D Financial Statements;

<PAGE>
                                      -9-

      (p)   No  Payments.  No payments of any kind have been made or  authorized
            since the date of the B&D  Financial  Statements  to or on behalf of
            officers,  directors,  shareholders  or  employees  of  B&D  or  its
            subsidiaries  or under  any  management  agreements  with B&D or its
            subsidiaries,  except  payments  made  in  the  ordinary  course  of
            business  and at the regular  rates of salary or other  remuneration
            payable to them;

      (q)   No  Pension  Plans.  There are no  pension,  profit  sharing,  group
            insurance  or similar  plans or other  deferred  compensation  plans
            affecting B & D;

      (r)   No Adverse Events. Since the date of the B&D Financial Statements

            (i)   there  has  not  been  any  material  adverse  change  in  the
                  consolidated  financial  position  or  condition  of B&D,  its
                  subsidiaries, its liabilities or the B&D Assets or any damage,
                  loss or other  change in  circumstances  materially  affecting
                  B&D, the B&D Business or the B&D Assets or B&D' right to carry
                  on the B&D Business, other than changes in the ordinary course
                  of business,

            (ii)  there  has not been  any  damage,  destruction,  loss or other
                  event  (whether or not covered by  insurance)  materially  and
                  adversely affecting B&D, its subsidiaries, the B&D Business or
                  the B&D Assets,

            (iii) there has not been any material  increase in the  compensation
                  payable or to become  payable by B&D to any of B&D'  officers,
                  employees or agents or any bonus,  payment or arrangement made
                  to or with any of them,

            (iv)  the B&D  Business  has been and  continues to be carried on in
                  the ordinary course,

            (v)   B&D has not waived or surrendered any right of material value,

            (vi)  neither B&D nor its subsidiaries  have discharged or satisfied
                  or paid any lien or  encumbrance  or  obligation  or liability
                  other  than  current  liabilities  in the  ordinary  course of
                  business, and

            (vii) no capital  expenditures in excess of $10,000  individually or
                  $30,000 in total have been authorized or made.

B&D - INCOME TAX MATTERS

      (s)   Tax Returns. All tax returns and reports of B&D and its subsidiaries
            required  by law to be filed have been filed and are true,  complete
            and correct,  and any taxes  payable in  accordance  with any return
            filed by B&D and its  subsidiaries  or in accordance with any notice
            of assessment or  reassessment  issued by any taxing  authority have
            been so paid;

      (t)   Current Taxes.  Adequate provisions have been made for taxes payable
            for the current period for which tax returns are not yet required to
            be filed and there are no agreements, waivers, or other arrangements
            providing for an extension of time with respect to the filing of any
            tax  return  by, or  payment  of,  any tax,  governmental  charge or
            deficiency  by B&D  or its  subsidiaries.  B&D is not  aware  of any
            contingent  tax  liabilities  or any grounds  which  would  prompt a
            reassessment  including  aggressive treatment of income and expenses
            in filing earlier tax returns;

<PAGE>
                                      -10-

B&D - APPLICABLE LAWS AND LEGAL MATTERS

      (u)   Licenses.  B&D and its subsidiaries hold all licenses and permits as
            may be  requisite  for carrying on the B&D Business in the manner in
            which it has heretofore  been carried on, which licenses and permits
            have been  maintained  and  continue to be in good  standing  except
            where the  failure to obtain or  maintain  such  licenses or permits
            would not have a material adverse effect on the B&D Business;

      (v)   Applicable Laws.  Neither B&D nor its subsidiaries have been charged
            with or received notice of breach of any laws, ordinances, statutes,
            regulations, by-laws, orders or decrees to which they are subject or
            which  apply to them the  violation  of which  would have a material
            adverse effect on the B&D Business,  and to B&D' knowledge,  neither
            B&D nor its  subsidiaries  are in breach  of any  laws,  ordinances,
            statutes,  regulations,  bylaws, orders or decrees the contravention
            of which  would  result  in a  material  adverse  impact  on the B&D
            Business;

      (w)   Pending or Threatened Litigation. There is no material litigation or
            administrative  or  governmental  proceeding  pending or  threatened
            against or relating to B&D, its subsidiaries,  the B&D Business,  or
            any of the B&D  Assets  nor  does  B&D  have  any  knowledge  of any
            deliberate  act or  omission of B&D or its  subsidiaries  that would
            form any material basis for any such action or proceeding;

      (x)   No  Bankruptcy.  Neither  B&D nor its  subsidiaries  have  made  any
            voluntary  assignment or proposal under  applicable laws relating to
            insolvency and bankruptcy and no bankruptcy  petition has been filed
            or presented  against B&D or its  subsidiaries and no order has been
            made or a  resolution  passed  for the  winding-up,  dissolution  or
            liquidation of B&D or its subsidiaries;

      (y)   Labor  Matters.  Neither B&D nor its  subsidiaries  are party to any
            collective  agreement  relating to the B&D  Business  with any labor
            union  or  other  association  of  employees  and no part of the B&D
            Business has been  certified as a unit  appropriate  for  collective
            bargaining or, to the knowledge of B&D, has made any attempt in that
            regard;

      (z)   Finder's  Fees.  Neither B&D nor its  subsidiaries  are party to any
            agreement which provides for the payment of finder's fees, brokerage
            fees,  commissions  or other fees or amounts which are or may become
            payable to any third  party in  connection  with the  execution  and
            delivery of this Agreement and the transactions contemplated herein;

EXECUTION AND PERFORMANCE OF AGREEMENT

      (aa)  Authorization and Enforceability. The execution and delivery of this
            Agreement,  and  the  completion  of the  transactions  contemplated
            hereby,  have  been duly and  validly  authorized  by all  necessary
            corporate action on the part of B & D;

      (bb)  No  Violation  or Breach.  The  execution  and  performance  of this
            Agreement will not:

            (i)   violate the charter  documents  of B&D or result in any breach
                  of, or default under,  any loan agreement,  mortgage,  deed of
                  trust, or any other agreement to which B&D or its subsidiaries
                  are party,

<PAGE>
                                      -11-

            (ii)  give any person any right to terminate or cancel any agreement
                  including,  without limitation, the B&D Material Contracts, or
                  any right or rights enjoyed by B&D or its subsidiaries,

            (iii) result  in  any  alteration  of  B&D'  or  its   subsidiaries'
                  obligations   under  any   agreement   to  which  B&D  or  its
                  subsidiaries are party including,  without limitation, the B&D
                  Material Contracts,

            (iv)  result in the creation or imposition of any lien,  encumbrance
                  or  restriction  of any nature  whatsoever in favor of a third
                  party upon or against the B&D Assets,

            (v)   result in the  imposition  of any tax  liability to B&D or its
                  subsidiaries relating to the B&D Assets, or

            (vi)  violate any court  order or decree to which  either B&D or its
                  subsidiaries are subject;

THE B&D ASSETS - OWNERSHIP AND CONDITION

      (cc)  Business  Assets.  The B&D Assets  comprise  all of the property and
            assets of the B&D Business, and no other person, firm or corporation
            owns any assets used by B&D or its subsidiaries in operating the B&D
            Business,   whether  under  a  lease,   rental  agreement  or  other
            arrangement, other than as disclosed in Schedules "F" or "I" hereto;

      (dd)  Title. B&D or its subsidiaries are the legal and beneficial owner of
            the B&D Assets,  free and clear of all  mortgages,  liens,  charges,
            pledges,   security   interests,   encumbrances   or  other   claims
            whatsoever,  save and except as disclosed  in  Schedules  "F" or "I"
            hereto;

      (ee)  No Option.  No person,  firm or  corporation  has any  agreement  or
            option or a right  capable of becoming an agreement for the purchase
            of any of the B&D Assets;

      (ff)  B&D Insurance Policies. B&D and its subsidiaries maintain the public
            liability  insurance and insurance against loss or damage to the B&D
            Assets and the B&D Business as described in Schedule "G" hereto;

      (gg)  B&D  Material  Contracts.  The  B&D  Material  Contracts  listed  in
            Schedule "I" constitute all of the material contracts of B&D and its
            subsidiaries;

      (hh)  No  Default.  There  has  not  been  any  default  in  any  material
            obligation  of B&D or any other party to be  performed  under any of
            the B&D Material Contracts, each of which is in good standing and in
            full force and effect and unamended (except as disclosed in Schedule
            "I" hereto),  and B&D is not aware of any default in the obligations
            of any other party to any of the B&D Material Contracts;

      (ii)  No Compensation on Termination. There are no agreements, commitments
            or understandings relating to severance pay or separation allowances
            on  termination  of  employment  of  any  employee  of  B&D  or  its
            subsidiaries.  Neither B&D nor its  subsidiaries  are obliged to pay
            benefits or share  profits with any employee  after  termination  of
            employment except as required by law;

<PAGE>
                                      -12-

B&D ASSETS - B&D EQUIPMENT

      (jj)  B&D  Equipment.  The B&D Equipment  has been  maintained in a manner
            consistent  with  that  of  a  reasonably  prudent  owner  and  such
            equipment is in good working condition;

B&D ASSETS - B&D GOODWILL AND OTHER ASSETS

      (kk)  B&D  Goodwill.  B&D and its  subsidiaries  does not carry on the B&D
            Business under any other business or trade names.  B&D does not have
            any knowledge of any  infringement by B&D or its subsidiaries of any
            patent, trademarks, copyright or trade secret;

THE B&D BUSINESS

      (ll)  Maintenance  of  Business.  Since  the  date  of the  B&D  Financial
            Statements,  B&D and its  subsidiaries  have  not  entered  into any
            material  agreement or commitment  except in the ordinary course and
            except as disclosed herein;

      (mm)  Subsidiaries. Except for the Kama Sutra Media Ltd., B&D does not own
            any subsidiaries and does not otherwise own, directly or indirectly,
            any shares or interest in any other corporation,  partnership, joint
            venture or firm; and

B&D - ACQUISITION SHARES

      (nn)  Acquisition  Shares.  The  Acquisition  Shares when delivered to the
            BDFC  Shareholders  pursuant  to the  Acquisition  shall be  validly
            issued and outstanding as fully paid and  non-assessable  shares and
            the Acquisition  Shares shall be transferable upon the books of B&D,
            in all cases  subject  to the  provisions  and  restrictions  of all
            applicable securities laws.

NON-MERGER AND SURVIVAL

3.2   The representations and warranties of B&D contained herein will be true at
and as of Closing in all material  respects as though such  representations  and
warranties  were made as of such time.  Notwithstanding  the  completion  of the
transactions  contemplated  hereby, the waiver of any condition contained herein
(unless such waiver expressly  releases a party from any such  representation or
warranty)  or any  investigation  made  by BDFC or the  BDFC  Shareholders,  the
representations and warranties of B&D shall survive the Closing.

INDEMNITY

3.3   B&D agrees to indemnify and save  harmless BDFC and the BDFC  Shareholders
from and against  any and all  claims,  demands,  actions,  suits,  proceedings,
assessments,  judgments,  damages,  costs,  losses and  expenses,  including any
payment made in good faith in settlement  of any claim  (subject to the right of
B&D  to  defend  any  such  claim),  resulting  from  the  breach  by it of  any
representation   or   warranty   made   under   this   Agreement   or  from  any
misrepresentation  in or  omission  from any  certificate  or  other  instrument
furnished or to be furnished by B&D to BDFC or the BDFC Shareholders hereunder.

<PAGE>
                                      -13-

                                    ARTICLE 4
                                COVENANTS OF B&D

COVENANTS

4.1   B&D covenants and agrees with BDFC and the BDFC Shareholders that it will:

      (a)   Conduct of  Business.  Until the  Closing,  conduct the B&D Business
            diligently and in the ordinary course  consistent with the manner in
            which the B&D Business generally has been operated up to the date of
            execution of this Agreement;

      (b)   Preservation of Business. Until the Closing, use its best efforts to
            preserve  the  B&D   Business  and  the  B&D  Assets  and,   without
            limitation,   preserve   for  BDFC   B&D's  and  its   subsidiaries'
            relationships  with any third party having  business  relations with
            them;

      (c)   Access.  Until the Closing,  give BDFC, the BDFC  Shareholders,  and
            their  representatives full access to all of the properties,  books,
            contracts,  commitments and records of B&D, and furnish to BDFC, the
            BDFC Shareholders and their  representatives all such information as
            they may reasonably request;

      (d)   Procure  Consents.  Until the  Closing,  take all  reasonable  steps
            required  to  obtain,  prior to  Closing,  any and all  third  party
            consents  required to permit the  Acquisition  and to  preserve  and
            maintain  the B&D  Assets  notwithstanding  the change in control of
            BDFC arising from the Acquisition;

AUTHORIZATION

4.2   B&D hereby  agrees to  authorize  and direct any and all  federal,  state,
municipal,  foreign and  international  governments  and regulatory  authorities
having  jurisdiction  respecting B&D and its subsidiaries to release any and all
information in their possession  respecting B&D and its subsidiaries to the BDFC
Shareholders.  B&D shall promptly  execute and deliver to the BDFC  Shareholders
any and all consents to the release of information  and specific  authorizations
which the BDFC  Shareholders  reasonably  requires to gain access to any and all
such information.

SURVIVAL

4.3   The  covenants set forth in this Article shall survive the Closing for the
benefit of BDFC and the BDFC Shareholders.

                                    ARTICLE 5
                        REPRESENTATIONS AND WARRANTIES OF
                              THE BDFC SHAREHOLDERS

REPRESENTATIONS AND WARRANTIES

5.1   The BDFC Shareholders hereby jointly and severaly represent and warrant in
all  material  respects  to B&D,  with the intent  that it will rely  thereon in
entering into this Agreement and in approving and  completing  the  transactions
contemplated hereby, that:

BDFC - COMPANY STATUS AND CAPACITY

      (a)   Formation.  BDFC is a company  duly  formed and  validly  subsisting
            under the laws of Brazil;

<PAGE>
                                      -14-

      (b)   Carrying on Business. BDFC carries on the BDFC Business primarily in
            Brazil and does not carry on any material  business  activity in any
            other  jurisdiction.  BDFC is duly  authorized  to carry on the BDFC
            Business in Brazil. The nature of the BDFC Business does not require
            BDFC to register or  otherwise  be qualified to carry on business in
            any other jurisdiction;

      (c)   Legal Capacity.  BDFC has the legal power, capacity and authority to
            own BDFC Assets,  to carry on the Business of BDFC and to enter into
            and complete this Agreement;

BDFC - CAPITALIZATION

      (d)   Authorized Capital. The authorized capital of BDFC consists of 1,500
            shares of capital stock;

      (e)   Ownership of BDFC Shares.  The issued and outstanding  share capital
            of BDFC will on Closing  consist of 4,242,908  common  shares (being
            the BDFC Shares),  which shares on Closing  shall be validly  issued
            and outstanding as fully paid and  non-assessable  shares.  The BDFC
            Shareholders will be at Closing the registered and beneficial owners
            of the BDFC Shares.  The BDFC Shares owned by the BDFC  Shareholders
            will on  Closing  be free and clear of any and all  liens,  charges,
            pledges,  encumbrances,  restrictions on transfer and adverse claims
            whatsoever;

      (f)   No Option,  Warrant or Other Right.  No person,  firm or corporation
            has any agreement,  option,  warrant,  preemptive right or any other
            right capable of becoming an agreement, option, warrant or right for
            the acquisition of BDFC Shares held by the BDFC  Shareholders or for
            the purchase, subscription or issuance of any of the unissued shares
            in the capital of BDFC;

      (g)   No Restrictions.  There are no restrictions on the transfer, sale or
            other  disposition of BDFC Shares contained in the charter documents
            of BDFC or under any agreement;

BDFC - RECORDS AND FINANCIAL STATEMENTS

      (h)   Charter  Documents.  The  charter  documents  of BDFC  have not been
            altered  since its  formation  date,  except as filed in the  record
            books of BDFC;

      (i)   Minute Books.  The minute books of BDFC are complete and each of the
            minutes contained therein  accurately  reflect the actions that were
            taken at a duly  called and held  meeting  or by  consent  without a
            meeting.  All actions by BDFC which required director or shareholder
            approval are reflected on the corporate  minute books of BDFC.  BDFC
            is not in violation or breach of, or in default with respect to, any
            term  of  its  Certificate  of   Incorporation   (or  other  charter
            documents) or by-laws.

      (j)   BDFC Financial  Statements.  The BDFC Financial  Statements  present
            fairly,  in  all  material  respects,  the  assets  and  liabilities
            (whether accrued,  absolute,  contingent or otherwise) of BDFC as of
            the date  thereof,  and the sales and earnings of the BDFC  Business
            during the periods covered thereby,  in all material  respects,  and
            have been prepared in substantial accordance with generally accepted
            accounting principles consistently applied;

<PAGE>
                                      -15-

      (k)   BDFC  Accounts  Payable  and  Liabilities.  There  are  no  material
            liabilities,   contingent  or  otherwise,  of  BDFC  which  are  not
            disclosed in Schedule "K" hereto or reflected in the BDFC  Financial
            Statements  except those incurred in the ordinary course of business
            since  the  date  of  the  said  schedule  and  the  BDFC  Financial
            Statements,  and BDFC has not  guaranteed or agreed to guarantee any
            debt,   liability  or  other  obligation  of  any  person,  firm  or
            corporation.  Without limiting the generality of the foregoing,  all
            accounts  payable and  liabilities  of BDFC as of March 31, 2005 are
            described in Schedule "K" hereto;

      (l)   BDFC Accounts  Receivable.  All the BDFC Accounts  Receivable result
            from bona fide business  transactions and services actually rendered
            without,  to the knowledge and belief of the BDFC Shareholders,  any
            claim by the obligor for set-off or  counterclaim.  Without limiting
            the generality of the foregoing,  all accounts receivable of BDFC as
            of March 31, 2005, are described in Schedule "L" hereto;

      (m)   BDFC Bank Accounts.  All of the BDFC Bank Accounts,  their location,
            numbers and the authorized  signatories  thereto are as set forth in
            Schedule "M" hereto;

      (n)   No Debt to Related  Parties.  Except as  disclosed  in Schedule  "N"
            hereto, BDFC is not and on Closing will not be, indebted to the BDFC
            Shareholders nor to any family member thereof, nor to any affiliate,
            director or officer of BDFC or the BDFC Shareholders except accounts
            payable  on  account  of bona  fide  business  transactions  of BDFC
            incurred in normal  course of BDFC  Business,  including  employment
            agreements with the BDFC  Shareholders,  none of which are more than
            30 days in arrears;

      (o)   No Related  Party Debt to BDFC.  Except as set forth on Schedule "S"
            hereto,  no BDFC Shareholder nor any director,  officer or affiliate
            of BDFC is now indebted to or under any financial obligation to BDFC
            on any account whatsoever,  except for advances on account of travel
            and other expenses not exceeding $5,000 in total;

      (p)   No Dividends.  No dividends or other  distributions on any shares in
            the capital of BDFC have been made, declared or authorized since the
            date of the BDFC Financial Statements;

      (q)   No  Payments.  No payments of any kind have been made or  authorized
            since the date of the BDFC  Financial  Statements to or on behalf of
            the BDFC  Shareholders  or to or on behalf of  officers,  directors,
            shareholders or employees of BDFC or under any management agreements
            with BDFC,  except  payments made in the ordinary course of business
            and at the regular rates of salary or other remuneration  payable to
            them;

      (r)   No  Pension  Plans.  There are no  pension,  profit  sharing,  group
            insurance  or similar  plans or other  deferred  compensation  plans
            affecting   BDFC,   except  as  set  forth  in  the  BDFC  Financial
            Statements;

      (s)   No Adverse Events. Since the date of the BDFC Financial Statements:

            (i)   there  has  not  been  any  material  adverse  change  in  the
                  consolidated  financial  position or  condition  of BDFC,  its
                  liabilities  or the BDFC Assets or any  damage,  loss or other
                  change in  circumstances  materially  affecting BDFC, the BDFC
                  Business  or the BDFC  Assets or BDFC's  right to carry on the
                  BDFC  Business,  other than changes in the ordinary  course of
                  business,

<PAGE>
                                      -16-

            (ii)  there  has not been  any  damage,  destruction,  loss or other
                  event  (whether or not covered by  insurance)  materially  and
                  adversely  affecting  BDFC,  the  BDFC  Business  or the  BDFC
                  Assets,

            (iii) there has not been any material  increase in the  compensation
                  payable or to become payable by BDFC to the BDFC  Shareholders
                  or to any of  BDFC's  officers,  employees  or  agents  or any
                  bonus, payment or arrangement made to or with any of them,

            (iv)  the BDFC  Business has been and  continues to be carried on in
                  the ordinary course,

            (v)   BDFC has not  waived  or  surrendered  any  right of  material
                  value,

            (vi)  BDFC  has not  discharged  or  satisfied  or paid  any lien or
                  encumbrance  or  obligation  or  liability  other than current
                  liabilities in the ordinary course of business, and

            (vii) no capital  expenditures in excess of $10,000  individually or
                  $30,000 in total have been authorized or made;

BDFC - INCOME TAX MATTERS

      (t)   Tax Returns.  All tax returns and reports of BDFC required by law to
            be filed have been filed and are true, complete and correct, and any
            taxes  payable in  accordance  with any  return  filed by BDFC or in
            accordance with any notice of assessment or  reassessment  issued by
            any taxing authority have been so paid;

      (u)   Current Taxes.  Adequate provisions have been made for taxes payable
            for the current period for which tax returns are not yet required to
            be filed and there are no agreements, waivers, or other arrangements
            providing for an extension of time with respect to the filing of any
            tax  return  by, or  payment  of,  any tax,  governmental  charge or
            deficiency  by  BDFC.  BDFC  is  not  aware  of any  contingent  tax
            liabilities  or  any  grounds  which  would  prompt  a  reassessment
            including  aggressive  treatment  of income and  expenses  in filing
            earlier tax returns;

BDFC - APPLICABLE LAWS AND LEGAL MATTERS

      (v)   Licenses.  BDFC holds all  licenses  and permits as may be requisite
            for  carrying  on the BDFC  Business  in the  manner in which it has
            heretofore  been  carried on,  which  licenses and permits have been
            maintained  and  continue to be in good  standing  except  where the
            failure to obtain or maintain  such  licenses  or permits  would not
            have a material adverse effect on the BDFC Business;

      (w)   Applicable  Laws.  BDFC has not been charged with or received notice
            of breach of any laws, ordinances,  statutes, regulations,  by-laws,
            orders or decrees to which they are subject or which applies to them
            the violation of which would have a material  adverse  effect on the
            BDFC Business, and, to the knowledge of the BDFC Shareholders,  BDFC
            is not in  breach of any laws,  ordinances,  statutes,  regulations,
            by-laws,  orders or decrees the  contravention of which would result
            in a material adverse impact on the BDFC Business;

<PAGE>
                                      -17-

      (x)   Pending or Threatened Litigation.  Except as previously disclosed to
            B&D,  there  is  no  material   litigation  or   administrative   or
            governmental proceeding pending or threatened against or relating to
            BDFC, the BDFC Business,  or any of the BDFC Assets, nor do the BDFC
            Shareholders have any knowledge of any deliberate act or omission of
            BDFC that  would  form any  material  basis  for any such  action or
            proceeding;

      (y)   No  Bankruptcy.  BDFC  has not  made  any  voluntary  assignment  or
            proposal under applicable laws relating to insolvency and bankruptcy
            and no bankruptcy  petition has been filed or presented against BDFC
            and  no  order  has  been  made  or  a  resolution  passed  for  the
            winding-up, dissolution or liquidation of BDFC;

      (z)   Labor  Matters.  Except as previously  disclosed to B&D, BDFC is not
            party to any collective agreement relating to the BDFC Business with
            any labor union or other association of employees and no part of the
            BDFC  Business  has  been  certified  as  a  unit   appropriate  for
            collective bargaining or, to the knowledge of the BDFC Shareholders,
            has made any attempt in that regard;

      (aa)  Finder's Fees.  BDFC is not a party to any agreement  which provides
            for the payment of finder's  fees,  brokerage  fees,  commissions or
            other fees or amounts  which are or may become  payable to any third
            party  in  connection  with  the  execution  and  delivery  of  this
            Agreement and the transactions contemplated herein;

EXECUTION AND PERFORMANCE OF AGREEMENT

      (bb)  Authorization and Enforceability. The execution and delivery of this
            Agreement,  and  the  completion  of the  transactions  contemplated
            hereby,  will  be  duly  and  validly  authorized  by all  necessary
            corporate action on the part of BDFC;

      (cc)  No  Violation  or Breach.  The  execution  and  performance  of this
            Agreement will not

            (i)   violate the charter  documents of BDFC or result in any breach
                  of, or default under,  any loan agreement,  mortgage,  deed of
                  trust, or any other agreement to which BDFC is a party,

            (ii)  give any person any right to terminate or cancel any agreement
                  including, without limitation, BDFC Material Contracts, or any
                  right or rights enjoyed by BDFC,

            (iii) result  in any  alteration  of  BDFC's  obligations  under any
                  agreement  to  which  BDFC  is  a  party  including,   without
                  limitation, the BDFC Material Contracts,

            (iv)  result in the creation or imposition of any lien,  encumbrance
                  or  restriction  of any nature  whatsoever in favor of a third
                  party upon or against the BDFC Assets,

            (v)   result in the imposition of any tax liability to BDFC relating
                  to BDFC Assets or the BDFC Shares, or

            (vi)  violate  any court  order or decree  to which  either  BDFC is
                  subject;

<PAGE>
                                      -18-

BDFC ASSETS - OWNERSHIP AND CONDITION

      (dd)  Business Assets.  The BDFC Assets,  comprise all of the property and
            assets of the BDFC Business,  and neither the BDFC  Shareholders nor
            any other person,  firm or corporation  owns any assets used by BDFC
            in  operating  the BDFC  Business,  whether  under a  lease,  rental
            agreement or other arrangement, other than as disclosed in Schedules
            "O" or "R" hereto;

      (ee)  Title.  BDFC is the legal and  beneficial  owner of the BDFC Assets,
            free and clear of all mortgages,  liens, charges,  pledges, security
            interests,  encumbrances or other claims whatsoever, save and except
            as disclosed in Schedules "O" or "R" hereto;

      (ff)  No Option.  No person,  firm or  corporation  has any  agreement  or
            option or a right  capable of becoming an agreement for the purchase
            of any of the BDFC Assets;

      (gg)  BDFC  Insurance  Policies.   BDFC  maintains  the  public  liability
            insurance  and  insurance  against loss or damage to the BDFC Assets
            and the BDFC Business as described in Schedule "P" hereto;

      (hh)  BDFC  Material  Contracts.  The BDFC  Material  Contracts  listed in
            Schedule "R" constitute all of the material contracts of BDFC;

      (ii)  No  Default.  There  has  not  been  any  default  in  any  material
            obligation  of BDFC or any other party to be performed  under any of
            BDFC  Material  Contracts,  each of which is in good standing and in
            full force and effect and unamended (except as disclosed in Schedule
            "R"), and BDFC is not aware of any default in the obligations of any
            other party to any of the BDFC Material Contracts;

      (jj)  No Compensation on Termination. There are no agreements, commitments
            or understandings relating to severance pay or separation allowances
            on  termination  of employment of any employee of BDFC.  BDFC is not
            obliged to pay benefits or share  profits  with any  employee  after
            termination of employment except as required by law;

BDFC ASSETS - BDFC EQUIPMENT

      (kk)  BDFC  Equipment.  The BDFC Equipment has been maintained in a manner
            consistent  with  that  of  a  reasonably  prudent  owner  and  such
            equipment is in good working condition;

BDFC ASSETS - BDFC GOODWILL AND OTHER ASSETS

      (ll)  BDFC Goodwill. BDFC carries on the BDFC Business only under the name
            " Tianjin BDFC Biology Development Co., Ltd." and variations thereof
            and under no other business or trade names. The BDFC Shareholders do
            not have any  knowledge of any  infringement  by BDFC of any patent,
            trademark, copyright or trade secret;

THE BUSINESS OF BDFC

      (mm)  Maintenance  of  Business.  Since  the  date of the  BDFC  Financial
            Statements,  the BDFC  Business  has been carried on in the ordinary
            course  and BDFC has not  entered  into any  material  agreement  or
            commitment except in the ordinary course; and

<PAGE>
                                      -19-

      (nn)  Subsidiaries.  BDFC  does  not own any  subsidiaries  and  does  not
            otherwise own, directly or indirectly, any shares or interest in any
            other corporation,  partnership, joint venture or firm and BDFC does
            not own any  subsidiary  and does not  otherwise  own,  directly  or
            indirectly,  any  shares  or  interest  in  any  other  corporation,
            partnership, joint venture or firm.

NON-MERGER AND SURVIVAL

5.2   The  representations  and warranties of BDFC contained herein will be true
at and as of Closing in all material respects as though such representations and
warranties  were made as of such time.  Notwithstanding  the  completion  of the
transactions  contemplated  hereby, the waiver of any condition contained herein
(unless such waiver expressly  releases a party from any such  representation or
warranty) or any investigation made by B&D, the  representations  and warranties
of BDFC shall survive the Closing.

INDEMNITY

5.3   The BDFC  Shareholders  agree to indemnify  and save harmless B&D from and
against any and all claims, demands, actions, suits,  proceedings,  assessments,
judgments,  damages,  costs, losses and expenses,  including any payment made in
good  faith  in  settlement  of any  claim  (subject  to the  right  of the BDFC
Shareholders to defend any such claim), resulting from the breach by any of them
of any  representation  or warranty of such party made under this  Agreement  or
from  any  misrepresentation  in or  omission  from  any  certificate  or  other
instrument  furnished or to be furnished by BDFC or the BDFC Shareholders to B&D
hereunder.

                                    ARTICLE 6
                              COVENANTS OF BDFC AND
                              THE BDFC SHAREHOLDERS

COVENANTS

6.1   BDFC and the BDFC Shareholders covenant and agree with B&D that they will:

      (a)   Conduct of Business.  Until the Closing,  conduct the BDFC  Business
            diligently and in the ordinary course  consistent with the manner in
            which the BDFC  Business  generally has been operated up to the date
            of execution of this Agreement;

      (b)   Preservation of Business.  Until the Closing, use their best efforts
            to preserve  the BDFC  Business  and the BDFC  Assets  and,  without
            limitation,   preserve  for  B&D  BDFC's  relationships  with  their
            suppliers, customers and others having business relations with them;

      (c)   Access.  Until the Closing,  give B&D and its  representatives  full
            access to all of the properties,  books, contracts,  commitments and
            records of BDFC  relating to BDFC,  the BDFC  Business  and the BDFC
            Assets,  and  furnish  to  B&D  and  its  representatives  all  such
            information as they may reasonably request;

      (d)   Procure  Consents.  Until the  Closing,  take all  reasonable  steps
            required  to  obtain,  prior to  Closing,  any and all  third  party
            consents  required to permit the  Acquisition  and to  preserve  and
            maintain the BDFC Assets,  including  the BDFC  Material  Contracts,
            notwithstanding  the  change in  control  of BDFC  arising  from the
            Acquisition;

<PAGE>
                                      -20-

      (e)   Reporting  and Internal  Controls.  From and after the Closing,  the
            BDFC  Shareholders  shall  forthwith  take all  required  actions to
            implement  internal  controls on the business of BDFC to ensure that
            BDFC and B&D comply  with  Section  13(b)(2) of the  Securities  and
            Exchange Act of 1934;

      (f)   1934 Act  Reports.  From and after the Closing  Date,  take all such
            steps  as are  necessary  to  discharge  all  reporting  obligations
            imposed upon them by the Securities Exchange Act of 1934.

AUTHORIZATION

6.2   BDFC hereby  agrees to authorize  and direct any and all  federal,  state,
municipal,  foreign and  international  governments  and regulatory  authorities
having jurisdiction  respecting BDFC to release any and all information in their
possession  respecting  BDFC to B&D. BDFC shall promptly  execute and deliver to
B&D  any  and  all  consents  to  the  release  of   information   and  specific
authorizations  which B&D reasonably  require to gain access to any and all such
information.

SURVIVAL

6.3   The  covenants set forth in this Article shall survive the Closing for the
benefit of B&D.

                                    ARTICLE 7
                              CONDITIONS PRECEDENT

CONDITIONS PRECEDENT IN FAVOR OF B&D

7.1   B&D's  obligations to carry out the transactions  contemplated  hereby are
subject to the fulfillment of each of the following  conditions  precedent on or
before the Closing:

      (a)   all  documents  or copies of  documents  required to be executed and
            delivered to B&D hereunder will have been so executed and delivered;

      (b)   all of the terms,  covenants and  conditions of this Agreement to be
            complied  with or performed by BDFC or the BDFC  Shareholders  at or
            prior to the Closing will have been complied with or performed;

      (c)   title to the BDFC  Shares held by the BDFC  Shareholders  and to the
            BDFC Assets will be free and clear of all mortgages, liens, charges,
            pledges,   security   interests,   encumbrances   or  other   claims
            whatsoever, save and except as disclosed herein, and the BDFC Shares
            shall be duly transferred to B&D;

      (d)   subject to Article 8 hereof, there will not have occurred

            (i)   any  material  adverse  change in the  financial  position  or
                  condition of BDFC,  its  liabilities or the BDFC Assets or any
                  damage,  loss or other change in circumstances  materially and
                  adversely affecting BDFC, the BDFC Business or the BDFC Assets
                  or  BDFC's  right to carry on the BDFC  Business,  other  than
                  changes in the ordinary course of business,  none of which has
                  been materially adverse, or

            (ii)  any  damage,  destruction,  loss  or  other  event,  including
                  changes to any laws or statutes applicable to BDFC or the BDFC
                  Business (whether or not covered by insurance)  materially and
                  adversely  affecting  BDFC,  the  BDFC  Business  or the  BDFC
                  Assets; and

<PAGE>
                                      -21-

      (e)   the transactions contemplated hereby shall have been approved by all
            other regulatory  authorities  having  jurisdiction over the subject
            matter hereof, if any.

WAIVER BY B&D

7.2   The conditions precedent set out in the preceding section are inserted for
the exclusive benefit of B&D and any such condition may be waived in whole or in
part by B&D at or prior to the Closing by delivering to BDFC a written waiver to
that effect signed by B&D. In the event that the conditions precedent set out in
the preceding  section are not satisfied on or before the Closing,  B&D shall be
released from all obligations under this Agreement.

CONDITIONS PRECEDENT IN FAVOR OF BDFC AND THE BDFC SHAREHOLDERS

7.3   The  obligations  of BDFC  and the  BDFC  Shareholders  to  carry  out the
transactions  contemplated  hereby are subject to the fulfillment of each of the
following conditions precedent on or before the Closing:

      (a)   all  documents  or copies of  documents  required to be executed and
            delivered  to  BDFC   hereunder  will  have  been  so  executed  and
            delivered;

      (b)   all of the terms,  covenants and  conditions of this Agreement to be
            complied  with or  performed  by B&D at or prior to the Closing will
            have been complied with or performed;

      (c)   B&D will have delivered the Acquisition Shares to be issued pursuant
            to the  terms  of the  Acquisition  to BDFC at the  Closing  and the
            Acquisition  Shares  will be  registered  on the books of B&D in the
            name of the holder of BDFC Shares at the time of Closing;

      (d)   title  to the  Acquisition  Shares  will be free  and  clear  of all
            mortgages, liens, charges, pledges, security interests, encumbrances
            or other claims whatsoever;

      (e)   subject to Article 8 hereof, there will not have occurred

            (i)   any  material  adverse  change in the  financial  position  or
                  condition of B&D, its  subsidiaries,  their liabilities or the
                  B&D   Assets  or  any   damage,   loss  or  other   change  in
                  circumstances  materially and adversely affecting B&D, the B&D
                  Business  or the B&D  Assets or B&D' right to carry on the B&D
                  Business,  other  than  changes  in  the  ordinary  course  of
                  business, none of which has been materially adverse, or

            (ii)  any  damage,  destruction,  loss  or  other  event,  including
                  changes to any laws or statutes  applicable  to B&D or the B&D
                  Business (whether or not covered by insurance)  materially and
                  adversely affecting B&D, its subsidiaries, the B&D Business or
                  the B&D Assets;

      (f)   the transactions contemplated hereby shall have been approved by all
            other regulatory  authorities  having  jurisdiction over the subject
            matter hereof, if any; and

      (g)   the  satisfaction  of all  liabilities  of B&D  on or  prior  to the
            Closing Date, other than those  liabilities to be transferred to Mr.
            Pandya, save and except for liabilities  incurred in connection with
            the Acquisition.

<PAGE>
                                      -22-

WAIVER BY BDFC AND THE BDFC SHAREHOLDERS

7.4   The conditions precedent set out in the preceding section are inserted for
the exclusive  benefit of BDFC and the BDFC  Shareholders and any such condition
may be waived in whole or in part by BDFC or the BDFC  Shareholders  at or prior
to the Closing by  delivering  to B&D a written  waiver to that effect signed by
BDFC and the BDFC Shareholders.  In the event that the conditions  precedent set
out in the preceding  section are not  satisfied on or before the Closing,  BDFC
and the BDFC  Shareholders  shall be released  from all  obligations  under this
Agreement.

NATURE OF CONDITIONS PRECEDENT

7.5   The  conditions  precedent  set forth in this  Article are  conditions  of
completion  of the  transactions  contemplated  by  this  Agreement  and are not
conditions  precedent  to the  existence  of a  binding  agreement.  Each  party
acknowledges   receipt  of  the  sum  of  $1.00  and  other  good  and  valuable
consideration  as  separate  and  distinct  consideration  for  agreeing  to the
conditions of precedent in favor of the other party or parties set forth in this
Article.

CONFIDENTIALITY

7.7   Notwithstanding  any provision herein to the contrary,  the parties hereto
agree that the existence and terms of this Agreement are  confidential  and that
if this  Agreement is terminated  pursuant to the preceding  section the parties
agree to return to one another any and all  financial,  technical  and  business
documents  delivered  to the  other  party or  parties  in  connection  with the
negotiation  and  execution of this  Agreement  and shall keep the terms of this
Agreement and all information  and documents  received from BDFC and B&D and the
contents  thereof  confidential  and not  utilize  nor reveal or  release  same,
provided,  however,  that B&D will be required to issue a news release regarding
the execution and  consummation  of this  Agreement and file a Current Report on
Form 8-K with the  Securities  and Exchange  Commission  respecting the proposed
Acquisition  contemplated  hereby  together  with such  other  documents  as are
required to maintain  the  currency of B&D's  filings  with the  Securities  and
Exchange Commission.

                                    ARTICLE 8
                                      RISK

MATERIAL CHANGE IN THE BUSINESS OF BDFC

8.1   If any  material  loss or  damage  to the BDFC  Business  occurs  prior to
Closing  and  such  loss  or  damage,  in B&D'  reasonable  opinion,  cannot  be
substantially repaired or replaced within sixty (60) days, B&D shall, within two
(2) days following any such loss or damage, by notice in writing to BDFC, at its
option, either:

      (a)   terminate this  Agreement,  in which case no party will be under any
            further obligation to any other party; or

      (b)   elect  to  complete  the  Acquisition  and  the  other  transactions
            contemplated  hereby,  in which case the  proceeds and the rights to
            receive the proceeds of all  insurance  covering such loss or damage
            will, as a condition  precedent to B&D' obligations to carry out the
            transactions  contemplated  hereby,  be vested in BDFC or  otherwise
            adequately  secured  to the  satisfaction  of B&D on or  before  the
            Closing Date.

<PAGE>
                                      -23-

MATERIAL CHANGE IN THE B&D BUSINESS

8.2   If any material loss or damage to the B&D Business occurs prior to Closing
and such loss or damage, in BDFC's reasonable  opinion,  cannot be substantially
repaired or replaced  within  sixty (60) days,  BDFC shall,  within two (2) days
following  any such loss or damage,  by notice in writing to B&D, at its option,
either:

      (a)   terminate this  Agreement,  in which case no party will be under any
            further obligation to any other party; or

      (b)   elect  to  complete  the  Acquisition  and  the  other  transactions
            contemplated  hereby,  in which case the  proceeds and the rights to
            receive the proceeds of all  insurance  covering such loss or damage
            will, as a condition  precedent to BDFC's  obligations  to carry out
            the transactions  contemplated hereby, be vested in B&D or otherwise
            adequately  secured  to the  satisfaction  of BDFC on or before  the
            Closing Date.

                                    ARTICLE 9
                                     CLOSING

CLOSING

9.1   The Acquisition and the other transactions  contemplated by this Agreement
will be closed at the Place of Closing in accordance with the closing  procedure
set out in this Article.

DOCUMENTS TO BE DELIVERED BY BDFC

9.2   On or before the Closing,  BDFC and the BDFC  Shareholders will deliver or
cause to be delivered to B&D:

      (a)   the  original or certified  copies of the charter  documents of BDFC
            and all corporate  records  documents and  instruments  of BDFC, the
            corporate seal of BDFC and all books and accounts of BDFC;

      (b)   all reasonable consents or approvals required to be obtained by BDFC
            for the purposes of completing  the  Acquisition  and preserving and
            maintaining  the  interests of BDFC under any and all BDFC  Material
            Contracts and in relation to BDFC Assets;

      (c)   certified  copies  of  such  resolutions  of  the  shareholders  and
            directors  of BDFC as are  required  to be passed to  authorize  the
            execution, delivery and implementation of this Agreement;

      (d)   an  acknowledgement  from  BDFC  and the  BDFC  Shareholders  of the
            satisfaction  of the  conditions  precedent set forth in section 7.3
            hereof;

      (e)   the  certificates or other evidence of ownership of the BDFC Shares,
            together with such other documents or instruments required to effect
            transfer of ownership of the BDFC Shares to B & D; and

      (f)   such other documents as B&D may reasonably require to give effect to
            the terms and intention of this Agreement.

DOCUMENTS TO BE DELIVERED BY B&D

9.3   On or before the  Closing,  B&D shall  deliver or cause to be delivered to
BDFC and the BDFC Shareholders:

<PAGE>
                                      -24-

      (a)   share   certificates   representing  the  Acquisition   Shares  duly
            registered  in the names of the  holders  of  shares of BDFC  Common
            Stock;

      (b)   certified  copies of such resolutions of the directors of B&D as are
            required  to be passed to  authorize  the  execution,  delivery  and
            implementation of this Agreement;

      (c)   a certified copy of a resolution of the directors of B&D dated as of
            the Closing Date appointing the nominees of BDFC as officers of BDFC
            and appointing the nominee of the BDFC  Shareholders to the board of
            directors of B & D;

      (d)   an  acknowledgement  from B&D of the  satisfaction of the conditions
            precedent set forth in section 7.1 hereof;

      (e)   such other  documents as BDFC may reasonably  require to give effect
            to the terms and intention of this Agreement.

                                   ARTICLE 10
                              POST-CLOSING MATTERS

      Forthwith after the Closing,  B&D, BDFC and the BDFC Shareholders,  as the
case may be, agree to use all their best efforts to:

      (a)   issue a news release reporting the Closing;

      (b)   file  a  Form  8-K  with  the  Securities  and  Exchange  Commission
            disclosing the terms of this Agreement within 15 days of the Closing
            and,  not more than 60 days  following  the  filing of the Form 8-K,
            file and  amended  Form 8-K which  includes  the  audited  financial
            statements  of BDFC as well as pro forma  financial  information  of
            BDFC and B&D as required by Item 310 of Regulation SB as promulgated
            by the Securities and Exchange Commission;

      (c)   file  reports on Forms 13D and 3 with the  Securities  and  Exchange
            Commission  disclosing the acquisition of the Acquisition  Shares by
            the BDFC Shareholders;

                                   ARTICLE 11
                               GENERAL PROVISIONS

ARBITRATION

11.1  The parties  hereto  shall  attempt to resolve any  dispute,  controversy,
difference or claim arising out of or relating to this  Agreement by negotiation
in good  faith.  If  such  good  negotiation  fails  to  resolve  such  dispute,
controversy,  difference  or claim  within  fifteen  (15)  days  after any party
delivers  to any other  party a notice of its  intent to submit  such  matter to
arbitration,  then any party to such dispute,  controversy,  difference or claim
may submit such matter to arbitration in the City of New York, New York.

NOTICE

11.2  Any notice  required or  permitted to be given by any party will be deemed
to be given when in  writing  and  delivered  to the  address  for notice of the
intended recipient by personal delivery,  prepaid single certified or registered
mail, or telecopier.  Any notice  delivered by mail shall be deemed to have been
received on the fourth  business  day after and  excluding  the date of mailing,
except in the event of a  disruption  in regular  postal  service in which event
such notice shall be deemed to be  delivered on the actual date of receipt.  Any
notice  delivered  personally  or by  telecopier  shall be  deemed  to have been
received on the actual date of delivery.

<PAGE>
                                      -25-

ADDRESSES FOR SERVICE

11.3  The  address  for  service of notice of each of the  parties  hereto is as
follows:

      (a)   B&D:

            B&D Holdings, Inc.
            Rua Luis Coelho 223,8th Floor, Conjunto 81
            Cerqueira Cesar, Sao Paulo, S.P. - Brazil - CEP: 01309-901
            Attn:  Daniel Ollech, President
            Phone:  (55.11) 3214.5505
            Telecopier: (55.11) 3151.6615

      (b)   BDFC or the BDFC Shareholders:

            BDFC Brasil Alimentos Ltda.
            Rua Luis Coelho 223,8th Floor, Conjunto 81
            Cerqueira Cesar, Sao Paulo, S.P. - Brazil - CEP:01309-901

            With a copy to:

            Sichenzia Ross Friedman Ference LLP
            1065 Avenue of the Americas
            New York, New York 10018
            Attn:  Greg Sichenzia, Esq.
            Phone:  (212) 930-9700
            Telecopier:  (212) 930-9725

CHANGE OF ADDRESS

11.4  Any party  may,  by notice to the other  parties  change its  address  for
notice to some other address in North America and will so change its address for
notice  whenever  the  existing  address  or notice  ceases to be  adequate  for
delivery by hand. A post office box may not be used as an address for service.

FURTHER ASSURANCES

11.5  Each of the  parties  will  execute  and  deliver  such  further and other
documents  and do and perform such further and other acts as any other party may
reasonably  require to carry out and give effect to the terms and  intention  of
this Agreement.

TIME OF THE ESSENCE

11.6  Time is expressly declared to be the essence of this Agreement.

ENTIRE AGREEMENT

11.7  The provisions  contained  herein  constitute the entire  agreement  among
BDFC,  the BDFC  Shareholders  and B&D  respecting the subject matter hereof and
supersede all previous communications,  representations and agreements,  whether
verbal or written, among BDFC, the BDFC Shareholders and B&D with respect to the
subject matter hereof.

<PAGE>
                                      -26-

ENUREMENT

11.8  This  Agreement  will  enure to the  benefit  of and be  binding  upon the
parties hereto and their respective heirs, executors, administrators, successors
and permitted assigns.

ASSIGNMENT

11.9  This Agreement is not assignable  without the prior written consent of the
parties hereto.

COUNTERPARTS

11.10 This  Agreement  may be  executed  in  counterparts,  each of  which  when
executed  by any  party  will be  deemed  to be an  original  and  all of  which
counterparts  will together  constitute one and the same Agreement.  Delivery of
executed copies of this Agreement by telecopier will constitute proper delivery,
provided  that  originally  executed  counterparts  are delivered to the parties
within a reasonable time thereafter.

APPLICABLE LAW

11.11 This Agreement is subject to the laws of the State of New York.

                  [Remainder of page intentionally left blank.]

<PAGE>
                                      -27-

      IN WITNESS  WHEREOF the parties have executed this Agreement  effective as
of the day and year first above written.

                                                   B&D FOOD CORP.

                                                   By: /s/ Daniel Ollech
                                                      --------------------------
                                                      Daniel Ollech, President

                                                   BDFC BRASIL ALIMENTOS LTDA.

                                                   By: /s/ Daniel Ollech
                                                      --------------------------
                                                      Daniel Ollech, Director

                                                   SHAREHOLDERS

                                                   CONIBER S.A.

                                                   By: /s/ Ruben Weiszman
                                                      --------------------------
                                                      Name:  Ruben Weiszman
                                                      Title: President

                                                   BARDIMEL S.A.

                                                   By: /s/ Alex Rosset
                                                      --------------------------
                                                      Name:  Alex Rosset
                                                      Title: Director

                                                       /s/ Silvia Benedek
                                                      --------------------------
                                                      Silvia Benedek

                                                       /s/ Valquiria da Cunha
                                                      --------------------------
                                                      Valquiria da Cunha

                                                       /s/ Daniela Ovale
                                                      --------------------------
                                                      Daniela Ovale

                                                      /s/ Deborah van Moergastel
                                                      --------------------------
                                                      Deborah van Moergastel

                                                       /s/ Moshe Krausz Tr
                                                      --------------------------
                                                      Moshe Krausz Tr

                                                       /s/ Natan Ollech
                                                      --------------------------
                                                      Natan Ollech

                                                       /s/ Barbara Klein
                                                      --------------------------
                                                      Barbara Klein

<PAGE>
                                      -28-

                                              /s/ Seth Farbman
                                              ----------------------------------
                                              Seth Farbman

                                              ROLFE INVESTMENTS LTD

                                              By: /s/ M. Meyer
                                                 -------------------------------
                                                 Name:  M. Meyer
                                                 Title: Director

                                              LIVORNO INVESTMENTS S.A.

                                              By: /s/ Daniel Ollech
                                                 -------------------------------
                                                 Name:  Daniel Ollech
                                                 Title: Director

                                              /s/ Walter Eugenio Carvalho Pimto
                                              ----------------------------------
                                              Walter Eugenio Carvalho Pimto

                                              ALTHSHULER SHACHAM LTD

                                              By: /s/ Althshuler Gilad
                                                 -------------------------------
                                                 Name:  Althshuler Gilad
                                                 Title: Chairman

                                              ZEGA@ROSS CAPITAL

                                              By: /s/ Mark Zegal
                                                 -------------------------------
                                                 Name:  Mark Zegal
                                                 Title:

                                                  /s/ Amir Rachmani
                                                 -------------------------------
                                                 Amir Rachmani

                                              DAHAV FINANCIALS LTD

                                              By: /s/ Dov Heilpern
                                                 -------------------------------
                                                 Name:  Dov Heilpern
                                                 Title: CEO

                                              ZONBIT & CO

                                              By: /s/ Zvi Sonshine
                                                 -------------------------------
                                                 Name:  Zvi Sonshine
                                                 Title:

<PAGE>
                                      -29-

                                                EMERDALE ENTERPRISES LTD

                                                By: /s/ M. Meyer
                                                   -----------------------------
                                                   Name:  M. Meyer
                                                   Title: Director

                                                "C" BE MALL LIMITED

                                                By: /s/ Y.K. Stadelmann
                                                   -----------------------------
                                                   Name:  Y.K. Stadelmann
                                                   Title:

                                                    /s/ Haim Finn
                                                   -----------------------------
                                                   Haim Finn

                                                ASSET MANGERS INTERNATIONAL LTD

                                                By: /s/ Oskar P. Lewnowski
                                                   -----------------------------
                                                   Name:  Oskar P. Lewnowski
                                                   Title: Director

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