Document:

MAGICINC.COM

                        2001 CONSULTANT COMPENSATION PLAN

1.       Purpose

         The Magicinc.com 2001 Consultant Compensation Plan (the "Plan") is
intended to promote the interests of Magicinc.com and its subsidiaries, if any
(collectively the "Corporation") by offering those outside consultants of the
Corporation who assist in the development and success of the business of the
Corporation, the opportunity to participate in a compensation plan designed to
reward them for their services and to encourage them to continue to provide
services to the Corporation.

2.       Definitions

         For all purposes of this Plan, the following terms shall have the
following meanings:

                  "Common Stock" means Magicinc.com common stock, $.0001 par
         value.

                  "Conditional Shares" means shares of Common Stock awarded
         under this Plan subject to conditions imposed by the Committee (as
         defined herein) or the conditions set forth in Section 6.2 or both.

                  "Discounted Purchase Shares" means shares of Common Stock sold
         under this Plan at a discount from the Common Stock's then current
         market price.

                  "Subsidiary" means any company of which Magicinc.com owns,
         directly or indirectly, the majority of the combined voting power of
         all classes of stock.

                  "Unconditional Shares" means shares of Common Stock awarded
         under this Plan subject to no conditions.

3.       Administration

         The Plan shall be administered by a committee (the "Committee") of not
less than two directors of Magicinc.com selected by, and serving at the pleasure
of, Magicinc.com's Board of Directors (the "Magicinc.com Board").

         Magicinc.com or any Subsidiary will recommend to the Committee persons
to whom shares may be awarded or may be sold at a discount. The Committee shall
make all final decisions with respect to the persons to whom awards shall be
granted or stock shall be sold at a discount ("Participants"), the number of
shares that shall be covered by each award or sale, the time or times at which
awards shall be granted or sales shall be made, the timing of when awards shall
vest, the percentage from the then current market price that any shares sold
shall be discounted, the terms and provisions of the instruments by which awards
or sales shall be evidenced, the interpretation of the Plan and all
determinations necessary or advisable for its administration.

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4.       Eligibility

         Only individuals who are outside consultants, or directors, officers,
partners or employees of outside consultants, of Magicinc.com or any Subsidiary
shall be granted awards or shall be permitted to purchase shares at a discount.

5.       Stock Subject to the Plan

         The stock, which may be awarded or sold pursuant to this Plan, shall be
shares of Common Stock. When shares of Common Stock are awarded or sold,
Magicinc.com may award or sell authorized but unissued Common Stock, or
Magicinc.com may award or sell issued Common Stock held in its treasury. Each of
the respective boards of Magicinc.com and all Subsidiaries involved in the award
or sale will fund the Plan to the extent so required to provide Common Stock for
the benefit of Participants. The total number of shares of Common Stock, which
may be granted or sold under this Plan, shall not exceed 1,500,000 shares in the
aggregate. Any shares awarded and later forfeited are again subject to award or
sale under the Plan.

6.       Share Awards and Sales

         6.1      Grant of Share Awards and Sale of Discounted Purchase Shares

                  The Committee may award to Participants Unconditional Shares
and Conditional Shares. The Committee will determine for each Participant
selected to be awarded Unconditional Shares and Conditional Shares the time or
times when Unconditional Shares or Conditional Shares shall be awarded and the
number of shares of Common Stock to be covered by each Unconditional Shares or
Conditional Shares award. Unless expressly specified as Conditional Shares by
the Committee, all shares of Common Stock awarded under this Plan shall be
Unconditional Shares. No Unconditional Shares or Conditional Shares shall be
awarded unless Magicinc.com (in the judgement of the Committee) has received
from the Participant either (a) a full performance of the services for which the
Unconditional Shares or Conditional Shares are being awarded, or (b) (i) a
partial performance of the services for which the Unconditional Shares or
Conditional Shares are being awarded and the value of such partial performance
(in the judgment of the Committee) equals or exceeds the aggregate par value of
the Unconditional Shares or Conditional Shares to be awarded and (ii) a binding
obligation from the Participant to provide in the future the remainder of the
services for which the Unconditional Shares or Conditional Shares are being
awarded. In addition to awarding Unconditional Shares and Conditional Shares,
the Committee may sell to Participants Discounted Purchase Shares, for purchase
prices at such discounts from the then current market price of the Common Stock,
and upon such terms and conditions, as the Committee shall determine.

         6.2      Conditions

                  Shares of Common Stock issued to a Participant, as a
Conditional Shares award, will be subject to the following conditions as well as
all other conditions imposed by the Committee ("Share Conditions"):

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                  (a) Except as set forth in Paragraphs 6.4 and 6.5, if Share
Conditions are not satisfied, Conditional Shares will be forfeited and returned
to Magicinc.com or, in the event such Conditional Shares were provided to the
Participant from shares of Common Stock purchased by the Subsidiary, then the
Conditional Shares will be returned to the Subsidiary. In either case, all
rights of the Participant to such Conditional Shares will terminate without any
payment of consideration by Magicinc.com or the Subsidiary with which the
Participant is associated, unless the Participant maintains his association with
Magicinc.com or a Subsidiary for the period of time (if any) determined by the
Committee.

                  (b) During the condition period ("Condition Period") relating
to a Conditional Share award none of the Conditional Shares subject to such
award may be sold, assigned, bequeathed, transferred, pledged, hypothecated or
otherwise disposed of in any way by the Participant.

                  (c) The Committee may require the Participant to enter into an
escrow agreement providing that the certificates representing Conditional Shares
sold or granted pursuant to the Plan will remain in the physical custody of
Magicinc.com or the applicable Subsidiary or an escrow holder during the
Condition Period.

                  (d) Certificates representing Conditional Shares sold granted
pursuant to the Plan may bear a legend making an appropriate reference to the
conditions imposed on the Conditional Shares.

                  (e) The Committee may impose other conditions on any
Conditional Shares issued pursuant to the Plan as it may deem advisable,
including without limitations, restrictions under the Securities Act of 1933, as
amended, under the requirements of any stock exchange upon which such share or
shares of the same class are then listed and under any state securities laws or
other securities laws applicable to such shares.

         6.3      Rights of a Stockholder

                  Except as set forth in Paragraph 6.2(b), the recipient of a
Conditional Share award will have all of the rights of a stockholder of
Magicinc.com with respect to the Conditional Shares, including the right to vote
the Conditional Shares and to receive all dividends or other distributions made
with respect to the Conditional Shares.

         6.4      Lapse of Conditions

                  In the event of the termination of association of Participant
during the Condition Period by reason of death, disability, or termination of
association, the Committee may, at its discretion, remove Share Conditions on
Conditional Shares.

                  Conditional Shares to which the Share Conditions have not so
lapsed will be forfeited and returned to the Corporation as provided in
Paragraph 6.2(a).

         6.5      Lapse of Conditions at Discretion of the Committee

                  The Committee may shorten the Condition Period or remove any
or all Share Conditions if, in the exercise of its absolute discretion, it
determines that such action is in the best interests of the Corporation and
equitable to the Participant.

         6.6      Listing and Registration of Shares

                  Magicinc.com may, in its reasonable discretion, postpone the
issuance and/or delivery of any shares of Common Stock awarded or sold pursuant
to this Plan until completion of stock exchange listing, or registration, or
other qualification of such shares under any law, rule or regulation.

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         6.7      Designation of Beneficiary

                  A Participant may, with the consent of the Committee designate
a person or persons to receive, in the event of death, any shares of Common
Stock to which such Participant would then be entitled pursuant to this Plan.
Such designation will be made upon forms supplied by and delivered to the
Committee and may be revoked in writing by the Participant. If a Participant
fails effectively to designate a beneficiary, then such Participant's estate
will be deemed to be the beneficiary.

7.       Capital Adjustments

         The number and consideration of Common Stock covered by each award
granted or each sale under this Plan and the total number of shares that may be
granted or sold under the Plan shall be proportionally adjusted to reflect,
subject to any required action by stockholders, any stock dividend or split,
recapitalization, merger, consolidation, spin-off, reorganization, combination
or exchange of shares or other similar corporate change.

8.       Change of Control

         Notwithstanding the provisions of Section 7, in the event of a change
of control, all Share Conditions on all Conditional Shares will lapse. For
purposes of this plan, a "Change of Control" of Magicinc.com shall be deemed to
have occurred at such time as (a) any "person" (as that term is used in Section
13(d) and 14(d) of the Securities Exchange Act of 1934), becomes the "beneficial
owner" (as defined in Rule 13d-3 under the foregoing act), directly or
indirectly, of securities of Magicinc.com representing 30% or more of the
combined voting power of Magicinc.com's outstanding securities ordinarily having
the right to vote at the election of directors; or (b)individuals who constitute
the Magicinc.com Board on the date hereof (the "Incumbent Board") cease for any
reasons to constitute at least a majority thereof, provided that any person
becoming a director subsequent to the date hereof whose election was approved by
at least a majority of the directors comprising the Incumbent Board, or whose
nomination or election was approved by a majority of the Magicinc.com Board
serving under an Incumbent Board, shall be, for purposes of this clause (b),
considered as if he or she were a member of the Incumbent Board; or (c) merger,
consolidation or sale of all or substantially all the assets of Magicinc.com
occurs, unless such merger or consolidation shall have been affirmatively
recommended to Magicinc.com's stockholders by a majority of the Incumbent Board;
or (d) a proxy statement soliciting proxies from stockholders of Magicinc.com,
by someone other than the current management of Magicinc.com seeking stockholder
approval of a plan of reorganization, merger or consolidation of Magicinc.com
with one or more corporations as a result of which the outstanding shares of
Magicinc.com's securities are actually exchanged for or converted into cash or
property or securities not issued by Magicinc.com unless the reorganization,
merger or consolidation shall have been affirmatively recommended to
Magicinc.com's stockholders by a majority of the Incumbent Board.

9.       Approvals

         The issuance of shares pursuant to this Plan is expressly conditioned
upon obtaining all necessary approvals from all regulatory agencies from which
approval is required.

10.      Effective Date of Plan

         The effective date of the Plan is November 17, 2000.

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11.      Term and Amendment of Plan

         This Plan shall expire on November 17, 2010 (except to Conditional
Shares outstanding on that date). Magicinc.com Board may terminate or amend the
Plan in any respect at any time, except no action of the Magicinc.com Board, the
Committee or Magicinc.com's stockholders, however, may, without the consent of a
Participant, alter or impair such Participant's rights under any conditional
Shares previously granted.

12.      No Right of Association

         Neither the action of Magicinc.com in establishing this Plan, nor any
action taken by any Magicinc.com Board or any Subsidiary or the Committee, nor
any provision of the Plan itself, shall be construed to limit in any way the
right of Magicinc.com to terminate a Participant's association with the
Corporation at any time.

13.      Withholding Taxes

         Magicinc.com or any Subsidiary, as applicable, shall have the right to
deduct withholding taxes from any payments made pursuant to the Plan or to make
such other provisions as it deems necessary or appropriate to satisfy its
obligations to withhold federal, state or local income or other taxes incurred
by reason of payment or the issuance of Common Stock under the Plan. Whenever
under the Plan, Common Stock is to be delivered upon vesting of Conditional
Shares, the Committee shall be entitled to require as a condition of delivery
that the Participant remit or provide for the withholding of an amount
sufficient to satisfy all federal, state and other government withholding tax
requirements related thereto.

14.      Plan not a Trust

         Nothing contained in the Plan and no action taken pursuant to the Plan
shall create or be construed to create a trust of any kind, or a fiduciary
relationship, between the Corporation and any Participant, the executor,
administrator or other personal representative, or designated beneficiary of
such Participant, or any other persons. If and to the extent that any
Participant or such Participant's executor, administrator or other personal
representative, as the case may be, acquires a right to receive any payment from
the Corporation pursuant to the Plan, such right shall be no greater than the
right of an unsecured general creditor of the Corporation.

15.      Notices

         Each Participant shall be responsible for furnishing the Committee with
the current and proper address for the mailing of notices and delivery of Common
Stock pursuant to the Plan. Any notices required or permitted to be given shall
be deemed given if addressed to the person to be notified at such address given
to the Committee by such person and mailed by regular United States mail,
first-class and prepaid. If any item mailed to such address is returned as
undeliverable to the addressee, mailing will be suspended until the Participant
furnishes the proper address. This provision shall not be construed as requiring
the mailing of any notice or notification if such notice is not required under
the terms of the Plan or any applicable law.

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16.      Severability of Provisions

         If any provisions of this Plan shall be held invalid or unenforceable,
such invalidity or unenforceability shall not affect any other provisions
hereof, and this Plan shall be construed and enforced as if such provisions had
not been included.

17.      Payment to Minors, etc.

         Any benefit payable to or for the benefit of a minor, an incompetent
person or other person incapable of receipting therefor shall be deemed paid
when paid to such person's guardian or the party providing or reasonably
appearing to provide for the care of such person, and such payment shall fully
discharge the Committee, the Magicinc.com Board, the Corporation and other
parties with respect thereto.

18.      Headings and Captions

         The headings and captions herein are provided for reference and
convenience only, shall not be considered part of the Plan, and shall not be
employed in the construction of the Plan.

19.      Controlling Law

         This Plan shall be construed and enforced according to the laws of the
State of Florida to the extent not preempted by federal law, which shall
otherwise control.

20.      Enforcement of Rights

         In the event the Corporation or a Participant is required to bring any
action to enforce the terms of this Plan, the prevailing party shall be
reimbursed by the non-prevailing party for all costs and fees, including actual
attorney fees, for bringing and pursuing such action.

                                       14RULE 504 OFFERING MEMORANDUM
Offering Circular
Dated May 10, 1998
Confidential

Ace Legal Courier Services.
(A Delaware Corporation)

500,000 Shares

At A Price of $.10 Per Share

Ace Legal Courier Services a Delaware corporation (the Company) is in the
business of conducting courier services within the California area There is no
assurance that the Company will be success or profitable in the future.

The Company's principal place office is located at 42-700 Bob Hope Drive,
Suite 304 Rancho Mirage, CA 92270.

AN INVESTMENT IN THE COMPANY IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF
RISK. INVESTMENT IN THE SECURITIES OFFFRED HEREBY IS SUITAELE ONLY FOR PERSONS
OF SUBSTANTIAL FINANCIAL MEANS WHO CAN AFFORD A TOTAL LOSS OF THEIR INVESTMENT
AND WILL EE SOLD ONLY TO ACCREDITED OR OTHER OTHERWISE QUALIFIED INVESTORS.
FOR A DISCUSSION OF THE MATERIAL RISKS IN CONNECTION WITH THE PURCHASE OF THE
SHARES, SEE "INVESTMENT RISK CONSIDERATIONS."

THE SECURITIES ARE BEING OFFERED WITHOUT REGISTRATION UNDER THE SECURITIES ACT
OF 1933 AS AMENDED (THE "ACT"), IN RELIANCE UPON THE EXEMPTION FROM
REGISTRATION AFFORDED BY SECTION'S 4(2) AND 3(b) OF THE SECURITIES ACT AND
REGULATION D PROMULGATED THEREUNDER

THIS MEMORANDUM HAS NOT BEEN REVIEWED OR APPROVED OR DISAPPROVED, NOR HAS THE
ACCURACY OR ADEQUACY OF THE INFORMATION SET FORTH HEREIN BEEN PASSED UPON BY
THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES ADMINISTRATOR.
ANY RESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. This OFFERING IS BEING
MADE PURSUANT TO THE EXEMPTION AFFORDED BY SECTIONS 4(2) OR 3(b) OF THE
SECURITIES ACT OF 1933 AND RULE 504 REGULATION D PROMULGATED THEREUNDER AND
STATE SMALL CORPORATE OFFERING REGISTRATION PROVISIONS. PURSUANT TO RULE 504,
THE SHARES SOLD HEREBY WILL NOT BE SUBJECT TO ANY LIMITATIONS ON RESALE
THEREOF UNDER FEDERAL LAW. THE SHARES MAY, HOWEVER, BE SUBJECT TO LIMITATIONS
ON THE OFFER AND SALE AND THE RESALE OF THE SHARES IMPOSED BY THE BLUE SKY
LAWS OF INDIVIDUAL STATES. IN ADDITION, The COMPANY INTENDS TO FILE THE
REQUIRED DOC~MENTS IN CERTAIN OTHER STATES IDENTIFIED BY MANAGEMENT AS HAVING
POSSIBLE INVESTOR~INTEREST AND USE ITS BEST EFFORTS TO QUALIFY THE SHARES FOR
SECONDARY TRADING IN SUCH STATES, THOUGH NO ASSURANCE CAN BE GIVEN THAT IT
WILL BE ABLE TO QUALIFY The SHARES FOR SECONDARY TRACKING IN ANY SUCH STATES
IN WHICH IT SUBMITS SUCH APPLICATIONS AND DOCUMENTS. AN INABILITY TO QUALIFY
THE SHARES FOR SECONDARY TRADING WILL CREATE SUBSTANTIAL RESTRICTION ON THE
TRANSFERABILITY OF SUCH SHARES WHICH MAY NEGATE The BENEFIT OF THE EXEMPTION
PROVIDED BY RULE 504 OF REGULATION D. SEE "RISK FACTORS." THE COMPANY WILL USE
ITS BEST EFFORTS TO CAUSE THE SHARES TO BE LISTED ON THE ELECTRONIC BULLETIN
BOARD OPERATED BY THE NATIONAL ASSOCIATION OF SECURITIES DEALERS INC. AS A
MARKET IN WHICH THEY MAY BE TRADED. THERE IS NO ASSURANCE THAT SUCH LISTING
WILL BE OBTAINED OR THAT IF A LISTING IS OBTAINED THAT ANY MARKEV FOR THE
SHARES WILL DEVELOP, OR IF DEVELOPED THAT IT WILL BE SUSTAINED.

               Subscription                    Proceeds to the
               Price          Commissions(1)   Company

Per Share      $.10           $-0-             $50,000

(1)  The Shares are being sold by the Company's sole Officer and Director and
no commission will be paid to him in connection with the Offering.

Ace Legal Courier Services
42-700 Bob Hope Drive, Suite 304
Rancho Mirage, CA 92270
(760)773-0278

<PAGE>

OFFERING MEMORANDUM

Ace Legal Courier Services
(A Delaware Corporation)

Offering Memorandum Dated

500,OOO Shares

Ace Legal Courier Services (the "Company"), a Delaware corporation is offering
on a "best efforts, no minimum
Basis" up to a maximum of 500,000 shares of common stock ("Shares, $.0001 par
value, at $.10 per Share. Since there is no minimum, no proceeds will be held
in escrow account and all funds will be immediately available to the Company.

The Company intends to apply for inclusion of the Common Stock on the Over the
Counter Electronic Bulletin Board. There can be no assurances that an active
trading market will develop, even if the securities are accepted for
quotation.

Prior to this offering, there has been no public market for the common stock
of the Company. The price of the Shares offered hereby was arbitrarily
determined by the Company and does not bear any relationship to the Company's
assets, book value, net worth, results of operations or any other recognized
criteria of value, or, additional information regarding the factors considered
in determining the offering price of the Shares. see "Risk Factors - Arbitrary
Offering Price", "Description of Securities".

The Company does not presently file reports or other information with the
Securities and Exchange Commission ("Commission"). However, following
completion of this offering the Company intends to furnish its security
holders with annual reports containing audited financial statements and such
interim reports, in each case as it may determine to furnish or as may be
required by law.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED ~Y THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE COMMISSION
OF ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF
THIS ROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

THE SECURITIES ARE OFFERED BY THE COMPANY SUBJECT TO PRIOR SALE. ACCEPTANCE OR
AN OFFER TO PURCHASE, WITHDRAWAL, CANCELLATION, OR MODIFICATION OF THE OFFER,
WITHOUT NOTICE, THE COMPANY RESERVES THE RIGHT TO REJECT ANY ORDER, IN WHOLE
OR IN PART, FOR THE
PURCHASE OF ANY OF THE SECURITIES OFFERED HEREBY.

This offering involves special risks concerning the Company (see "Risk
Factors'). Investors should carefully review the entire Memorandum and should
not invest any funds in this Offering unless they can afford to lose their
entire investment. In making an investment decision, investors must rely on
their own examination of the issuer and the terms of the Offering, including
the merit and risks involved.

OFFERING SUMMARY

The following summary is qualified in its entirety by the detailed information
and financial statements and notes thereto appearing elsewhere in this
Memorandum.

The Company is in the business of conducting courier services for lawyers in
the California area. The Company was incorporated in the State of Delaware and
its principal executive office is located at 42-700 Bob Hope Drive, Suite 304.
Rancho Mirage, CA 92270.

RISK FACTORS

THE SECURITIES OFFERED HEREBY ARE SPECULATIVE AND INVOLVE A HIGH DEGREE OF
RISK. ONLY THOSE PERSONS ABLE TO LOSE THEIR ENTIRE INVESTMENT SHOULD PURCHASE
THESE SECURITIES. PROSPECTIVE INVESTORS, PRIOR TO MAKING AN INVESTMENT
DECISION, SHOULD CAREFULLY READ THIS PROSPECTUS AND CONSIDER, ALONG WITH OTHER
FACTORS REFERRED TO HEREIN, THE FOLLOWING RISK FACTORS:

Risk Factors Relating to the Business of the Company

<PAGE>

Start-Up or Development Stage Company: The Company has had limited operations
since its organization and is a startup or development stage company No
assurance can be given that the Company will be able to compete with other
companies in its industry. The purchase of the securities offered hereby must
be regarded as the placing of funds at a high risk In a new or start-up
venture with all the unforeseen costs, expenses, problems, and difficulties to
which such ventures are subject See "Use of Proceeds to Issuer and Description
on of Business".

No Assurance of Profitability: To date, the Company has not generated any
revenue from operations. The Company does not anticipate any significant
revenues in the near future. The Company's ability to successfully implement
its business plan is depended on the completion of this Offering.

No Assurance of Payment of Dividends. No assurance can be made that the future
operations of the Company will result in additional revenues or will be
profitable. Should the operations of the Company become profitable it is
likely that the Company would retain much or all of its earnings in order to
finance future growth and expansion therefore the Company does not presently
intend to pay dividends, and it is not likely that any dividends will be paid
in the foreseeable future. See Dividend Policy.

Possible Need for Additional Financing. The Company intends to fund its
operations and other capital needs for the next 12 months substantially from
the proceeds of this Offering, but there can be no assurance that such funds
will be sufficient for these purposes. The Company may require additional
Offering amounts of capital for its future expansion, operations and working
capital. The Company has made no commitments to obtain future additional
financing and if required, there can be no assurance that such financing will
be available, or that such financing will be available on acceptable terms.
See "Use of Proceeds".

Dependence of Management: The Company's success is principally dependent on
its current management personnel for the operations of its business.

Broad Discretion in Application of Proceeds: The Management of the Company has
broad discretion to adjust the application and allocation of the met proceeds
of this offering, In order to address changed circumstances and opportunity.
As a result of the foregoing the Company will be substantially dependent upon
the discretion and judgment of the management of the Company with respect to
the application and allocation of the net proceeds hereof. Pending use of such
proceeds, the net proceeds of this offering will be invested by the Company in
temporary, short-term interest-bearing investments See "Use of Proceeds".

Arbitrary Offering Price: There has been no public market for the Company
securities. The price to the public of the Shares offered hereby has been
arbitrarily determined by the Company and hears no relationship to the
Company's earnings, book value, or any other recognized criteria of value.

Immediate and Substantial Diffusion: An investor In this offering will
experience immediate and substantial dilution.

Lack of Prior Market for Securities of the Company: No prior market has
existed for the securities being offered hereby and no assurance can be given
that a market will develop subsequent to this offering.

No Escrow of Investors' Funds: This Offering is being made on a "best efforts,
no minimum basis". As such, all the funds from this Offering will be
immediately available to the company.

USE OF PROCEEDS

The proceeds will be used by the Company for general working capital.

DIVIDEND POLICY

Holders of the Company's Common Stock are entitled to dividends when, ac and
if declared by the Board of Directors out of funds legally available
therefore. The Company does not anticipate the declaration or payment of any
dividends in the fore6eeable future. The company intends to retain earnings,
if any, to finance the development and expansion of its business. Future
dividend policy will be subject to the discretion of the Board of Directors
and will be contingent upon future earnings, if any, the Company's financial
condition, capital requirements, general business conditions and other
factors. Therefore, there can he no assurance that any dividends of any kind
will ever be paid.

THE COMPANY

The Company was founded with the specific intent of conducting courier
services for lawyers within the California area. The Company's president, Dal
Grauer age 51 holds a B.A. degree from the University of British Columbia,
Vancouver. B.C Mr. Grauer serves as Director and Secretary of Classic Vision
Entertainment since June 1996. Since April 1996 Mr. Grauer also serves as
Director and Secretary of Time Line Entertainment Inc, he also serves as
Director of Xecom Corp and Maesa Corp. two publicly held corporation's which
trades on the NNOTC electronic Bulletin Board.

Management

The following sets forth the names of the Company's officers and directors.

<PAGE>

       Dal Grauer  President, Secretary, and Director

Mr. Grauer is the Company's sole officer and director.

EXECUTIVE COMPENSATION

Since the Company was recently incorporated, it has no historical information
with respect to executive compensation. However, at the Conclusion of the
Offering, the Company does not intend to compensate its officers from the
proceeds of this Offering and will do so only when the Company generates
profits

Compensation of Directors

Directors are not paid fees for their services nor reimbursed for expenses of
attending board meetings.

PRINCIPAL SHAREHOLDERS

Prior to this Offering, the Company had 1,000,000 shares of its Common Stock
issued and outstanding. The following table sets forth, as of May, 1998, the
beneficial ownership of the Company's Common Stock (i) by the only persons who
are known by the Company to own beneficially more than 5% of the Company's
Common Stock; (ii) by each director of the Company; and (ii) by all directors
and officers as a group.

     Name    Number of Shares   Percentage owned   Percentage Owned
                    Owned           Prior to Offering   After Offering

     Dal Grauer 1,000,000           100%                66.67%

All Officer
as a Group      1,000,000           100%                66.67%

DESCRIPTION OF SECURITIES

Shares

The Company is offering hereby a best efforts, no minimum basis" up to a
maximum of 500,000 shares of Common Stock at $.0001 per Share.

Common Stock

The authorized capital stock of the Company consists of 80,000,000 Common
Stock, $.0001 par value and 20,000,000 Preferred Stock, $.0001 par value.
Holders of the Common Stock do not have preemptive rights to purchase
additional shares of Common Stock or other subscription rights. The Common
Stock carries no conversion rights and is not subject to redemption or to any
sinking fund provisions. All shares of Common Stock are entitled to share
equally in dividends and from sources available therefore when, as and if by
the Board of Directors and, upon liquidations or dissolution of the Company,
whether voluntary or involuntary, to share equally in the dividends of the
Company available for distribution to stockholders. All outstanding shares of
Common Stock are validly authorized and issued, fully paid and nonassessable
and all shares to be sold and issued as hereby will be validly authorized and
issued, fully paid and nonassessable. The Board of Director is authorized to
issue additional shares of Common stock riot to the amount authorized by the
Company's Certificate of Incorporation, on such terms and conditions and for
such consideration, as the Board may deem appropriate without further
stockholder action. The above description concerning the Common stock of the
Company does not purport to be complete. Reference is made to the Company's
Certificate of Incorporation and by which are available for inspection notice
at the Company's offices, as well as 10 the applicable statutes of the state
of Delaware for a more complete descriptions concerning the rights and
liabilities of stockholders.

Prior to this Offering, there has been no market for the Common Stock of the
Company and no predictions can be made of the effect, if any, that market
sales of shares or the availability of shares for sale will have on the market
price

<PAGE>

prevailing from time to time. Nevertheless, sales of significant amount of the
Common Stock of the Company in the public market may adversely affect
prevailing market prices and may impair the ability to raise capital at that
time through the sale of its equity securities.

Each holder of common stock is entitled to one vote per share on all matters
on which stockholders are entitled to vote. Since the shares of the common
Stock do not have cumulative voting rights, the holders of more than 50
percent of the shares voting can elect all the directors if they choose to do
so and, in such event the holders of the remaining shares will not be able to
elect any person to the Board of Directors.

PLAN OF DISTRIBUTION

The Company has no underwriter for this Offering. The Shares will be offered
by the Company at the offering price of US$0.10 per Share on a best-efforts
basis.

Price of the Offering

There is no and never has been, a market for the shares, and there is no
guarantee that a market will ever develop for the Company's shares.
Consequently, the offering price has been determined by the Company. Among
other factors considered in such determination were estimates of business
potential for the Company, the Company's financial condition, and assessment
of the Company's management and the general condition of the securities market
at the time of this Offering. However, such price does not necessarily bear
any relationship to the assets, income or net worth of the Company.

The offering price should not be considered an indication of the actual value
of the shares. Such price is subject to change as a result of market
conditions and other factors, and no assurance can be given that the shares
can be resold at the Offering price.

There can be no assurance that an active trading market will develop upon
completion of this Offering, or if such market develops that it will continue.
Consequently, purchase of the Shares offered hereby may not find a ready
market for Shares.

PLAN OF DISTRIBUTION

The Company has no underwriter for this Offering. The Offering is therefore a
self-underwritten. The Shares will be offered by the Company at the offering
price of $.10 per Share.

Price of the Offering.

There is no and never has been, a market for the Shares, and there is no
guaranty that a market will ever develop for the Company's shares.
Consequently, the offering price has been determined by the Company. Among
other factors considered in such determination were estimates of business
potential for the Company, the Company's financial condition, an assessment of
the Company's management, and the general condition of the securities market
at the time of this Offering. However, such price does not necessarily bear
any relationship to the assets, income or net worth of the Company.

The offering price should not be considered an indication of the actual value
of the $hares. Such price is subject to change as a result of market
conditions and other factors, and no assurance can be given that the Shares
can be resold at the Offering Price.

There can be no assurance that an active trading market will develop upon
completion of this Offering, or if such market develops that it will continue.
Consequently, purchasers of the Shares offered hereby may not find a ready
market for Shares.

ADDITIONAL INFORMATION

Each investor warrants and represents to the Company that, prior to making an
investment in the Company, that he has had the opportunity to inspect the
books and records of the Company and that he has had the opportunity to make
inquiries to the officers and directors of the Company and further that he has
been provided full access to such information.

INVESTOR SUITABLITY STANDARDS AND INVESTMENT RESTRICTIONS

Suitability

Shares will be offered and sold pursuant to an exemption under the Securities
Act, and exemptions under applicable state securities and Blue Sky Laws. There
are different standards under these federal and slate exemptions, which must
be met by potential investors in the Company.

The Company will sell shares only to those investors it reasonably believes
meet certain suitability requirements described below.

Each prospective investor must complete a Confidential Purchaser Questionnaire
and each Purchaser Represents, if any, must complete a Purchaser
Representative Questionnaire.

EACH INVESTOR MUST BE RESPONSIBLE FOR DETERMINING THAT IT IS PERMITTED TO
INVEST IN THE COMPANY, THAT ALL APPROPRIATE ACTIONS TO AUTHORIZE SUCH AN
INVESTMENT HAVE BEEN TAKEN, AND THAT ANY REQUIRMENTS THAT ITS INVESTMENTS BE
DIVERSIFIED OR SUFFICIENTLY LIQUID HAVE BEEN MET.

An investor will qualify as an accredited Investor if he/she falls within any
one or the following categories at the time of the sale of the Shares to that
investor:

(1) A bank as defined in Section 3(a)(2) of the Securities Act, or a savings
end loan association or other institution as defined in Section 3(a)(5)(A) of
the Securities Act, whether acting as in its Individual or fiduciary capacity,
a broker or dealer registered pursuant to Section is of the Securities Act of
1934. an Insurance company as defined in Section 2(13) of the Securities Act,
an investment company registered under the Investment Company Act of 1940 or a
business development company as defined in Section 2(a)(48) of that Act, a
Small Business Investment Company licensed by the United States Small Business
Administration under Section 301(c) or(d)of the Small Business Investment Act
of 1958,; a plan established and maintained by a state, its political
subdivision, or any agency or instrumentality of a state of its political
subdivisions, for the benefit of its employees, if such plan has total assets
in excess of $5,000,000; an employee benefit plan within the meaning of the
Employee Retirement Income Security Act of 1974, if the investment decision is
made by a plan's fiduciary, as defined in Section 3(21) of that Act, which is
either a bank, savings and loan association, insurance company, or

<PAGE>

registered investment adviser or if the employee benefit plan has total assets
in excess of $5,000,000, or,  if a self-directed plan with the investment
decisions made solely by persons that are accredited investors:

(2) A private business development company as defined in section 202(a)(22) of
the Investment Advisers Act of 1940:

(3) An organization described in Section 501(c)(3) of the Internal Revenue
Code with total assets in excess of $5,000,000:

(4) A director or executive of the Company:

(5) A nature person whose individual net worth, or joint net worth with that
person's spouse at the time of such persons purchase of the share exceeds
$1,000,000;

(6) A natural person who has had an Individual income in excess of $200,000 in
each of the two most recent years or joint income with the person's spouse in
excess of $200,000 in each of those years and has a reasonable expectations of
reaching the same income level in the current year;

(7) A trust with total assets in excess of $5,000,000 not formed for the
specific purpose of acquiring the securities offered, whose purchase is
directed by a sophisticated person as describe in Rule 508(b)(2)(II) of
Regulation D: and

(8) An entity in which all of the equity owners are accredited investors (as
defined above)

As used in this Memorandum, the term net worth means the total assets over
total liabilities, in computing net worth for the purpose of (5) above, the
principal residence of the Investor must be valued at cost, Including cost of
improvements or at recently appraised value by an institutional lender making
a secured loan, net of encumbrances in determining income an investor should
add to the investors adjusted gross income any amount attributable to tax
exempt income, received, losses claimed as a limited partner in any limited
partnership, deductions claimed for depletion, contributions to an IRA or
KEOGH retirement plan, alimony payments and any amount by which income form
long term capital gains has been reduced in arriving at adjusted gross income.

In order to meet the conditions for exemption from the registration
requirements under the securities laws of certain jurisdictions, investors who
are residence of such jurisdiction may be required to meet additional
suitability requirements.

An Investor that does not qualify as an accredited Investor is a non-
accredited Investor and may acquire Shares only if.

(1) The Investor's knowledgeable and experienced with respect to investments
in speculative commons stock such as is offered here: and

(2) The Investor has been provided access to all relevant documents it desires
or needs; and

(3) The Investor is aware of its limited ability to sell and/or transfer its
Shares in the Company; and

(4) The Investor can bear the economic risk (including loss of the entire
Investment) without impairing its ability to provide for its financial needs
and contingencies in the same manner as it was prior to making such
investment.

THE COMPANY RESERVES THE RIGHT IN ITS ABSOLUTE DISCRETION TO DETERMINE IF A
POTENTIAL INVESTOR MEETS OR FAILS TO MEET THE SUITABILITY STANDARDS SET FORTH
IN THIS SECTION.

Additional Suitability Requirements for Benefit Plan Investors

In addition to the foregoing suitability standards generally applicable to all
Investors, the ("ERISA") Retirement income Security act of 1934, as amended
("ERISA"), and the regulations promulgated thereunder by the Department of
Labor impose certain additional suitability standards for investors that are
qualified pension, profit sharing or stock bonus plans ("Benefit Plan
Investor"). In considering the purchase of Shares, the fiduciary with respect
to a prospective Benefit Plan investor must consider whether an investment in
the Shares will satiety the prurience requirement of Section 404(a)(i)(B) of
ERISA. Since there is not expected to be any market created in which to sell
or otherwise dispose of the Shares. In addition, the fiduciary, must consider
whether the investment in Shares will satisfy the diversification requirements
of Section 404(a)(1)c of ERISA.

Restrictions on Transfer or Resale of Shares

The Availability of Federal and state exemptions and the liability of the
offers and sales of the Shares are conditioned upon among other things, the
fact that the purchase of Shares by all investors are for investment purposes
only and not with a view to resale or distribution. Accordingly each potential
investor will he required to represent in the Subscription Agreement that it
is purchasing the Shares for its own account and for the purpose of investment
only, not with a view to resale or in

<PAGE>

accordance with the distribution of sale of the Shares and that it will not
offer to sell, pledge, assign or transfer any of its shares without an
effective registration statement under the Securities Act, or an exemption
there from and an opinion of counsel acceptable to the Company that
registration under the Securities Act is not required an that the transaction
complies with all other applicable federal and state securities or Blue Sky
Laws

                         ALBERTA CANADA OFFERING MEMORANDUM
CONFIDENTIAL
PRIVATE PLACEMENT OFFERING MEMORANDUM

NO SECURITIES COMMISSION OR SIMILAR REGULATORY AUTHORITY HAS PASSED ON THE
MERITS OF THE SECURITIES OFFERED NOR HAS IT REVIEWED THIS OFFERING MEMORANDUM
AND ANY REPRESENTATION TO THE CONTRARY IS AN OFFENCE.

THE OFFERING CONTEMPLATED IN THIS OFFERING MEMORANDUM IS NOT AND
UNDER NO CIRCUMSTANCES IS TO BE, CONSTRUED AS A PUBLIC OFFERING OF THE
SECURITIES DESCRIBED HEREIN

ACE LEGAL COURIER SERVICES INC.
(hereinafter called the "Issuer")
42-700 Bob Hope Drive, Suite 304
Rancho Mirage, CA 92270
(760) 773-0278

PRIVATE PLACEMENT
500,000 Common Shares

This OFFERING IS MADE TO THOSE PERSONS RESIDENT IN THE PROVINCE OF
ALBERTA AND TO OTHER NON-UNITED STATES RESIDENTS/CITIZENS. SUBSCRIPTIONS WILL
NOT BE ACCEPTED FROM ANY PERSON WHO APPEARS TO BE, OR THE ISSUER HAS REASON TO
BELIEVE, IS A RESIDENT OF THE UNITED STATES OF AMERICA OR ANY OF ITS
TERRITORIES OR POSSESSIONS OR OF ANY CANADIAN JURISDICTION OTHER THAN ALBERTA.

      No of Shares      Price Per $hare   Proceeds (1)
      500,000           US$0.10           US$50,000

(1) Before deducting expenses of the offering estimated at $1500.

RESTRICTIONS ON RESALE OF SHARES

The Shares offered hereunder will be issued under an exemption(s) from the
registration and prospectus requirements of the Securities Act ("Alberta") and
will be subject to certain resale restrictions thereunder.  These resale
restrictions include a restriction which requires the purchaser to hold the
shares for eighteen months from the later of the date of the trade and the
date that the Issuer becomes a reporting issuer, unless another statutory
exemption can be relied upon, a discretionary order is obtained from the
Alberta Securities Commission or if the Shares are qualified for distribution
under ~ prospectus at a later date.

The Issuer is not currently a reporting issuer in Alberta and does not
currently intend to become a reporting issuer and, as there is no market for
these Shares, it may be difficult or even impossible for the purchaser to sell
them

Prospective purchasers are advised to carefully review the entire contents of
this Offering Memorandum and should consult with their professional advisors
on matters relating to this investment.

DATED: May 10, 1998

<PAGE>

OFFERING MEMORANDUM

Ace Legal Courier Services, Inc.
(a Delaware Corporation)

Offering Memorandum Dated May 10,1998

500,000 Shares at US$0.10 per Share

Ace Legal Courier Services, Inc. (the Company), a Delaware corporation is
offering on a "best efforts, no minimum basis" up to a maximum of 500,000
shares of common stock ("Shares"), $.0001 par value, at US$0.10 per Share.
Since there is no minimum, no proceeds be held in an escrow account and all
funds will be Immediately available to the Company.

The Company intends to apply for inclusion of the Common stock on the Over the
Counter Electronic Bulletin Board. There can be no assurance that an active
trading market will develop, even if the securities are accepted for
quotation.

Prior to this offering, there has been no public market for the common stock
of the Company. The price of the Shares offered hereby was arbitrarily
determined by the Company and does not bear any relationship to the Company's
assets, book value, net worth results of operations or any other recognized
criteria of value. For additional information regarding the factors considered
in determining the offering price of the Shares, see "Risk Factors" -
Arbitrary Offering Price, Description of Securities.

The Company does not presently file reports or other information with the
Securities and Exchange Commission ("Commission"). However, following
completion of this offering the Company intends to furnish security holders
with annual reports containing audited financial statements and such interim
reports, in each case as it may determine to furnish or as may be required by
law.

THESE SECURITIES ARE OFFERED ONLY TO NON-UNITED STATES RESIDENTS. THESE
SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
E)(CHANGE COMMISION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SUBMISSION
OR ANY STATE SECURITIES CQMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF
THIS OFFERING MIIMORANDUM ANY REPRESENTATION TO THE CONTRARY is A CRIMINAL
OFFENSE.

THE SECURITIES ARE OFFERED BY THE COMPANY SUBJECT TO PRIOR SALE, ACCEPTANCE OR
AN OFFER TO PURCHASE, WITHDRAWAL, CANCELLATION OR MODIFICATION OF THE OFFER,
WITHOUT NOTICE. THE COMPANY RESERVES THE RIGHT TO REJECT ANY ORDER, IN WHOLE
OR IN PART, FOR THE PURCHASE OR ANY OF THE SECURITIES OFFERED HEREBY.

This Offering involves special risks concerning the Company (see "Risk
Factors"). Investors should carefully the entire Memorandum should not invest
any funds in this Offering unless they can afford to theirs entire
investments. In making an Investment decision investors must rely on their own
examination of the Issuer and the terms of the Offering, including the merit
and risks Involved.

OFFERING SUMMARY

The following summary information is qualified in its entirety in its entirety
by the detailed information and financial statements and notes thereto
appearing elsewhere in this Memorandum.

The Company is in the business of providing corporate services on the Internet
to public and private corporations in the area of preparing corporate
resolutions and minutes of directors and shareholder meetings. The Company is
incorporated in the Stale of Delaware and its principle executive office is
located at 42-700 Bob Hope Drive, Suite 304, Rancho Mirage CA 92270.

RISK FACTORS

THE SECURITIES OFFERED HEREBY ARE SPECULATIVE AND INVOLVE A HIGH DEGREE OF
RISK. ONLY THOSE PERSONS ABLE TO LOSE THEIR ENTIRE INVESTMENTS SHOULD PURCHASE
THESE SECURITIES. PROSPECTIVE INVESTORS, PRIOR TO MAKING AN INVESTMENT
DECISION, SHOULD CAREFULLY READ THIS PROSPECTUS AND CONSIDER ALONG WITH OTHER
MATTERS REFERRED TO HEREIN, THE FOLLOWING RISK
FACTORS.

Risk Factors Relating to the Business of the Company

<PAGE>

Start-Up or Development Stage Company: The Company has had limited operations
since its organization and is a startup or development stage company No
assurance can be given that the Company will be able to compete with other
companies in its industry. The purchase of the securities offered hereby must
be regarded as the placing of funds at a high risk In a new or start-up
venture with all the unforeseen costs, expenses, problems, and difficulties to
which such ventures are subject See "Use of Proceeds to Issuer and Description
on of Business".

No Assurance of Profitability: To date, the Company has not generated any
revenue from operations. The Company does not anticipate any significant
revenues in the near future. The Company's ability to successfully implement
its business plan is depended on the completion of this Offering.

No Assurance of Payment of Dividends. No assurance can be made that the future
operations of the Company will result in additional revenues or will be
profitable. Should the operations of the Company become profitable it is
likely that the Company would retain much or all of its earnings in order to
finance future growth and expansion therefore the Company does not presently
intend to pay dividends, and it is not likely that any dividends will be paid
in the foreseeable future. See Dividend Policy.

Possible Need for Additional Financing. The Company intends to fund its
operations and other capital needs for the next 12 months substantially from
the proceeds of this Offering, but there can be no assurance that such funds
will be sufficient for these purposes. The Company may require additional
Offering amounts of capital for its future expansion, operations and working
capital. The Company has made no commitments to obtain future additional
financing and if required, there can be no assurance that such financing will
be available, or that such financing will be available on acceptable terms.
See "Use of Proceeds".

Dependence of Management: The Company's success is principally dependent on
its current management personnel for the operations of its business.

Broad Discretion in Application of Proceeds: The Management of the Company has
broad discretion to adjust the application and allocation of the met proceeds
of this offering, In order to address changed circumstances and opportunity.
As a result of the foregoing the Company will be substantially dependent upon
the discretion and judgment of the management of the Company with respect to
the application and allocation of the net proceeds hereof. Pending use of such
proceeds, the net proceeds of this offering will be invested by the Company in
temporary, short-term interest-bearing investments See "Use of Proceeds".

Arbitrary Offering Price: There has been no public market for the Company
securities. The price to the public of the Shares offered hereby has been
arbitrarily determined by the Company and hears no relationship to the
Company's earnings, book value, or any other recognized criteria of value.

Immediate and Substantial Diffusion: An investor In this offering will
experience immediate and substantial dilution.

Lack of Prior Market for Securities of the Company: No prior market has
existed for the securities being offered hereby and no assurance can be given
that a market will develop subsequent to this offering.

No Escrow of Investors' Funds: This Offering is being made on a "best efforts,
no minimum basis". As such, all the funds from this Offering will be
immediately available to the company.

USE OF PROCEEDS

After deducting expenses of the offering estimated at $1,500 the net proceeds
will be used by the company for general working capital.

DIVIDEND POLICY

Holders of the Company's Common Stock are entitled to dividends when, ac and
if declared by the Board of Directors out of funds legally available
therefore. The Company does not anticipate the declaration or payment of any
dividends in the fore6eeable future. The company intends to retain earnings,
if any, to finance the development and expansion of its business. Future
dividend policy will be subject to the discretion of the Board of Directors
and will be contingent upon future earnings, if any, the Company's financial
condition, capital requirements, general business conditions and other
factors. Therefore, there can he no assurance that any dividends of any kind
will ever be paid.

THE COMPANY

The Company was founded with the specific intent of conducting courier
services for lawyers within the California area. The Company's president, Dal
Grauer age 51 holds a B.A. degree from the University of British Columbia,
Vancouver. B.C Mr. Grauer serves as Director and Secretary of Classic Vision
Entertainment since June 1996. Since April 1996 Mr. Grauer also serves as
Director and Secretary of Time Line Entertainment Inc, he also serves as
Director of Xecom Corp and Maesa Corp. two publicly held corporation's which
trades on the NNOTC electronic Bulletin Board.

MANAGMENT

The following sets forth names of the Company's Officers and Directors:

<PAGE>

     Dal Grauer         President, Secretary, Treasurer and
                        Director and, Promoter

Dal Grauer - President, Secretary, Treasurer and Director

Mr. Grauer has served as President, Secretary, Treasurer and Director of Ace
Legal Courier Services, Inc. since inception (May 5, 1998). He has served as

Classic Vision
Airstar
Maesa
Security Industries

                  - Director

EXECUTIVE COMPENSATION

Since the Company was recently incorporated, it has no historical information
with respect to executive compensation. However, at the conclusion of the
Offering, the Company does not intend to compensate its officer from the
proceeds of this Offering and will do so only when the Company generates
profits.

Compensation of Directors:

Directors are not paid fees for their services nor reimbursed for expenses of
attending board meetings.

PRINCIPAL SHAREHOLDERS

Prior to this Offering, the Company had 1,000,000 shares of its Common Stock
issued and outstanding. The following table sets forth, as of May 27, 1998,
the beneficial ownership of the Company's Common stock (I) by the only persons
who are known by the Company to own beneficially more than 10% of the
Company's Common Stock; (ii) by each director of the Company; and (iii) by all
directors and officers as a group.

         Name    Number of Shares   Percentage owned   Percentage Owned
                    Owned           Prior to Offering   After Offering

     Dal Grauer 1,000,000           100%                66.67%

All Officer
as a Group      1,000,000           100%                66.67%

DESCRIPTION OF SECURITIES

Shares

The Company is offering hereby a best efforts, no minimum basis" up to a
maximum of 500,000 shares of Common Stock at $.0001 per Share.

Common Stock

The authorized capital stock of the Company consists of 80,000,000 Common
Stock, $.0001 par value and 20,000,000 Preferred Stock, $.0001 par value.
Holders of the Common Stock do not have preemptive rights to purchase
additional shares of Common Stock or other subscription rights. The Common
Stock carries no conversion rights and is not subject to redemption or to any
sinking fund provisions. All shares of Common Stock are entitled to share
equally in dividends and from sources available therefore when, as and if by
the Board of Directors and, upon liquidations or dissolution of the Company,
whether voluntary or involuntary, to share equally in the dividends of the
Company available for distribution to stockholders. All outstanding shares of
Common Stock are validly authorized and issued, fully paid and nonassessable
and all shares to be sold and issued as hereby will be validly authorized and
issued, fully paid and nonassessable. The Board of Director is authorized to
issue additional shares of Common stock riot to the amount authorized by the
Company's Certificate of Incorporation, on such terms and conditions and for
such consideration, as the Board may deem appropriate without further
stockholder action. The above description concerning the Common stock of the
Company does not purport to be complete. Reference is made to the Company's
Certificate of Incorporation and by which are available for inspection notice
at the Company's offices, as well as 10 the applicable statutes of the state
of Delaware for a more complete descriptions concerning the rights and
liabilities of stockholders.

Prior to this Offering, there has been no market for the Common Stock of the
Company and no predictions can be made of the effect, if any, that market
sales of shares or the availability of shares for sale will have on the market
price

<PAGE>

prevailing from time to time. Nevertheless, sales of significant amount of the
Common Stock of the Company in the public market may adversely affect
prevailing market prices and may impair the ability to raise capital at that
time through the sale of its equity securities.

Each holder of common stock is entitled to one vote per share on all matters
on which stockholders are entitled to vote. Since the shares of the common
Stock do not have cumulative voting rights, the holders of more than 50
percent of the shares voting can elect all the directors if they choose to do
so and, in such event the holders of the remaining shares will not be able to
elect any person to the Board of Directors.

PLAN OF DISTRIBUTION

The Company has no underwriter for this Offering. The Shares will be offered
by the Company at the offering price of US$0.10 per Share on a best-efforts
basis.

Price of the Offering

There is no and never has been, a market for the shares, and there is no
guarantee that a market will ever develop for the Company's shares.
Consequently, the offering price has been determined by the Company. Among
other factors considered in such determination were estimates of business
potential for the Company, the Company's financial condition, and assessment
of the Company's management and the general condition of the securities market
at the time of this Offering. However, such price does not necessarily bear
any relationship to the assets, income or net worth of the Company.

The offering price should not be considered an indication of the actual value
of the shares. Such price is subject to change as a result of market
conditions and other factors, and no assurance can be given that the shares
can be resold at the Offering price.

There can be no assurance that an active trading market will develop upon
completion of this Offering, or if such market develops that it will continue.
Consequently, purchase of the Shares offered hereby may not find a ready
market for Shares.

ADDITIONAL INFORMATION

Each investor warrants and represents to the Company that, prior to making an
Investment in the Company that he has had the opportunity to inspect the books
and records of the Company and that he has had the opportunity to make
inquiries to the officers and directors of the Company and further that he has
been provided full access to such information.

INVESTOR SUITABLITY STANDARDS AND INVESTMENT RESTRICTIONS

Suitability

Shares will be offered and sold pursuant to an exemption under the Securities
Act, and exemptions under applicable state securities and Blue Sky Laws. There
are different standards under these federal and slate exemptions, which must
be met by potential investors in the Company.

The Company will sell shares only to those investors it reasonably believes
meet certain suitability requirements described below.

Each prospective investor must complete a Confidential Purchaser Questionnaire
and each Purchaser Represents, if any, must complete a Purchaser
Representative Questionnaire.

EACH INVESTOR MUST BE RESPONSIBLE FOR DETERMINING THAT IT IS PERMITTED TO
INVEST IN THE COMPANY, THAT ALL APPROPRIATE ACTIONS TO AUTHORIZE SUCH AN
INVESTMENT HAVE BEEN TAKEN, AND THAT ANY REQUIRMENTS THAT ITS INVESTMENTS BE
DIVERSIFIED OR SUFFICIENTLY LIQUID HAVE BEEN MET.

An investor will qualify as an accredited Investor if he/she falls within any
one or the following categories at the time of the sale of the Shares to that
investor:

(1) A bank as defined in Section 3(a)(2) of the Securities Act, or a savings
end loan association or other institution as defined in Section 3(a)(5)(A) of
the Securities Act, whether acting as in its Individual or fiduciary capacity,
a broker or dealer registered pursuant to Section is of the Securities Act of
1934. an Insurance company as defined in Section 2(13) of the Securities Act,
an investment company registered under the Investment Company Act of 1940 or a
business development company as defined in Section 2(a)(48) of that Act, a
Small Business Investment Company licensed by the United States Small Business
Administration under Section 301(c) or(d)of the Small Business Investment Act
of 1958,; a plan established and maintained by a state, its political
subdivision, or any agency or instrumentality of a state of its political
subdivisions, for the benefit of its employees, if such plan has total assets
in excess of $5,000,000; an employee benefit plan within the meaning of the
Employee Retirement Income Security Act of 1974, if the investment decision is
made by a plan's fiduciary, as defined in Section 3(21) of that Act, which is
either a bank, savings and loan association, insurance company, or

<PAGE>

registered investment adviser or if the employee benefit plan has total assets
in excess of $5,000,000, or,  if a self-directed plan with the investment
decisions made solely by persons that are accredited investors:

(2) A private business development company as defined in section 202(a)(22) of
the Investment Advisers Act of 1940:

(3) An organization described in Section 501(c)(3) of the Internal Revenue
Code with total assets in excess of $5,000,000:

(4) A director or executive of the Company:

(5) A nature person whose individual net worth, or joint net worth with that
person's spouse at the time of such persons purchase of the share exceeds
$1,000,000;

(6) A natural person who has had an Individual income in excess of $200,000 in
each of the two most recent years or joint income with the person's spouse in
excess of $200,000 in each of those years and has a reasonable expectations of
reaching the same income level in the current year;

(7) A trust with total assets in excess of $5,000,000 not formed for the
specific purpose of acquiring the securities offered, whose purchase is
directed by a sophisticated person as describe in Rule 508(b)(2)(II) of
Regulation D: and

(8) An entity in which all of the equity owners are accredited investors (as
defined above)

As used in this Memorandum, the term net worth means the total assets over
total liabilities, in computing net worth for the purpose of (5) above, the
principal residence of the Investor must be valued at cost, Including cost of
improvements or at recently appraised value by an institutional lender making
a secured loan, net of encumbrances in determining income an investor should
add to the investors adjusted gross income any amount attributable to tax
exempt income, received, losses claimed as a limited partner in any limited
partnership, deductions claimed for depletion, contributions to an IRA or
KEOGH retirement plan, alimony payments and any amount by which income form
long term capital gains has been reduced in arriving at adjusted gross income.

In order to meet the conditions for exemption from the registration
requirements under the securities laws of certain jurisdictions, investors who
are residence of such jurisdiction may be required to meet additional
suitability requirements.

An Investor that does not qualify as an accredited Investor is a non-
accredited Investor and may acquire Shares only if.

(1) The Investor's knowledgeable and experienced with respect to investments
in speculative commons stock such as is offered here: and

(2) The Investor has been provided access to all relevant documents it desires
or needs; and

(3) The Investor is aware of its limited ability to sell and/or transfer its
Shares in the Company; and

(4) The Investor can bear the economic risk (including loss of the entire
Investment) without impairing its ability to provide for its financial needs
and contingencies in the same manner as it was prior to making such
investment.

THE COMPANY RESERVES THE RIGHT IN ITS ABSOLUTE DISCRETION TO DETERMINE IF A
POTENTIAL INVESTOR MEETS OR FAILS TO MEET THE SUITABILITY STANDARDS SET FORTH
IN THIS SECTION.

Additional Suitability Requirements for Benefit Plan Investors

In addition to the foregoing suitability standards generally applicable to all
Investors, the ("ERISA") Retirement income Security act of 1934, as amended
("ERISA"), and the regulations promulgated thereunder by the Department of
Labor impose certain additional suitability standards for investors that are
qualified pension, profit sharing or stock bonus plans ("Benefit Plan
Investor"). In considering the purchase of Shares, the fiduciary with respect
to a prospective Benefit Plan investor must consider whether an investment in
the Shares will satiety the prurience requirement of Section 404(a)(i)(B) of
ERISA. Since there is not expected to be any market created in which to sell
or otherwise dispose of the Shares. In addition, the fiduciary, must consider
whether the investment in Shares will satisfy the diversification requirements
of Section 404(a)(1)c of ERISA.

Restrictions on Transfer or Resale of Shares

The Availability of Federal and state exemptions and the liability of the
offers and sales of the Shares are conditioned upon among other things, the
fact that the purchase of Shares by all investors are for investment purposes
only and not with a view to resale or distribution. Accordingly each potential
investor will he required to represent in the Subscription Agreement that it
is purchasing the Shares for its own account and for the purpose of investment
only, not with a view to resale or in

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accordance with the distribution of sale of the Shares and that it will not
offer to sell, pledge, assign or transfer any of its shares without an
effective registration statement under the Securities Act, or an exemption
there from and an opinion of counsel acceptable to the Company that
registration under the Securities Act is not required an that the transaction
complies with all other applicable federal and state securities or Blue Sky
Laws.

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