Document:

Amend. 4, Services Agreement

    
      

      

    

    Exhibit
      10.21

     

    

      [CERTAIN
        INFORMATION IN THIS DOCUMENT HAS BEEN OMITTED 

      AND
        FILED
        SEPARATELY WITH THE SECURITIES AND 

      EXCHANGE
        COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN 

      REQUESTED
        WITH RESPECT TO THE OMITTED PORTIONS.]

      

      FOURTH
        AMENDMENT

      TO
        THE

      MARKETING

      AND

      ADMINISTRATIVE
        SERVICES AGREEMENT

      

      

      THIS
        FOURTH AMENDMENT TO THE MARKETING AND ADMINISTRATIVE SERVICES AGREEMENT,
        hereinafter referred to as the “Fourth Amendment,” is effective on this 1st day
        of February, 2006, by and between STUDENT LOAN XPRESS, INC., a Delaware
        corporation, hereinafter referred to as “SLX,”, having its principal place of
        business at 12680 High Bluff Drive, Suite 310, San Diego, California 92130,
        and
        RELIANT PARTNERS LLC, a California limited liability company, hereinafter
        referred to as “Marketer,” having its business address as 11526 Sorrento Valley
        Road, Suite A-1, San Diego, California 92121.

      

      RECITALS

      

      WHEREAS,
        SLX and Marketer desire to amend the Marketing and Administrative Services
        Agreement between the parties, dated December 1, 2001, as amended by the
        First
        Amendment, dated April 1, 2002, Letter Agreement, executed February 7, 2003,
        as
        amended by the Second Amendment, dated November 1, 2004, and as amended by
        the
        Third Amendment, dated April 1, 2005, hereinafter, collectively referred
        to as
        the “Marketing Agreement,” to grant exclusivity to SLX for a seventeen (17)
        month period, to increase the Marketing Fee payment, to decrease the ABI,
        and to
        each year review performance and compensation. 

      

      WHEREAS,
        SLX desires Marketer to exclusively market on behalf of SLX FFELP Loans,
        Consolidation Loans and private Loan to LearnTM loans offered by SLX, or its
        affiliates, (“Private Loan to LearnTM Loans”) to current and prospective
        customers of Marketer in the form of leads for Private Loan to LearnTM Loans;
        and

      

      WHEREAS,
        Marketer desires to exclusively market on behalf of SLX the FFELP Loans,
        Consolidation Loans, and Private Loan to LearnTM Loans offered by or through SLX,
        or its affiliates, on the terms and conditions hereinafter set
        forth.

      

      NOW,
        THEREFORE, in consideration of the foregoing and for other good and valuable
        consideration, the receipt and sufficiency of which are hereby acknowledged,
        the
        parties mutually agree as follows:

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      1.    MARKETING
        SERVICES.

      

      1.1    Paragraph
        1.1 of Section 1 of the Marketing Agreement is hereby amended in its entirety
        as
        follows:

      

      “1.1       
        Marketer
        shall exclusively
        market,
        for a seventeen (17) month period, beginning on February 1, 2006 and expiring
        on
        June 30, 2007, to all of its current and prospective customers utilizing
        its
        Website and direct marketing activities the FFELP Loans, Consolidation Loans
        and
        authorized under Sections 427 and 428 of the Higher Education Act of 1965,
        as
        amended (hereinafter referred to as the “Act”), and Private Loan to LearnTM Loans
        that are offered by and meet ELService’s FFELP Loan, Consolidation Loan, and
        Private Loan to LearnTM Loan criteria. Marketer agrees that it will not use the
        loan applications of ELServices or its affiliates for any FFELP Loan or
        Consolidation Loan not meeting such loan criteria or for any other FFELP
        lender
        during the term of this Agreement.”

      

      2.    COMPENSATION
        TO MARKETER.

      

      2.1    Beginning
        on the effective date of this Amendment through April 30, 2006, the amount
        of
        the Marketing Fee set forth in Exhibit 2.1 attached to the Marketing Agreement,
        for a compound Consolidation Loan Application shall be [**], and thereafter,
        shall be [**]. 

      

      3.    TERM
        AND TERMINATION.

      

      3.1    Paragraph
        5.1 of Section 5 of the Marketing Agreement is hereby amended to June 30,
        2007.

      

      3.2    Paragraph
        5.2 of Section 5 of the Marketing Agreement is hereby amended in its entirety
        as
        follows:

      

      “5.2        At
        the
        end of any calendar quarter during the term hereof beginning on March 31,
        2006,
        the average loan balance of all Completed Applications received from Marketer
        by
        CAP for such quarter period is less than THIRTY-TWO THOUSAND FIVE HUNDRED
        AND
        NO/100 DOLLARS ($32,500.00);”

      

      4.    ASSIGNMENT.

      

      4.1    Pursuant
        to Paragraph 13.1 of Section 13 of the Marketing Agreement, effective January
        31, 2006, ELServices ("Assignor") assigns, transfers, and sets over to SLX
        ("Assignee") all right, title and interest in and to the Marketing Agreement.
        The Assignor warrants and represents that the Marketing Agreement is in full
        force and effect and is fully assignable. SLX hereby assumes and agrees to
        perform all obligations of the Assignor under the contract and guarantees
        to
        hold the Assignor harmless from any claim or demand made there
        under.

      

      **
        CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH
        THE
        SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
        WITH RESPECT TO THE OMITTED PORTIONS.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      

      5.    MARKETING
        AGREEMENT.

      

      5.1    Except
        as
        amended by this Fourth Amendment to the Marketing Agreement, the terms and
        conditions of the Marketing Agreement, the First Amendment, the Letter
        Agreement, the Second Amendment, and the Third Amendment shall remain in
        full
        force and effect between ELServices and Marketer and are incorporated herein
        by
        this reference.

      

      IN
        WITNESS THEREOF, the parties have executed this Fourth Amendment to the
        Marketing and Administrative Services Agreement effective on the date first
        set
        forth above.

       

      
        
          	ELServices:	 	 	Marketer:
	 	 	 	 
	
                  EDUCATION LENDING SERVICES,
                    INC.

                  a Delaware corporation

                	 	 	
                  RELIANT
                    PARTNERS LLC

                  a California limited liability
                    company

                
	 	 	 	 
	 	 	 	 
	By:
                  /s/ Douglas L. Feist	 	 	By:
                  /s/ Les
                  Powell
	
                  
                    

                  

                  DOUGLAS L. FEIST

                  Sr. Executive Vice President and
                    Secretary

                	 	 	
                  
                    

                  

                   LES POWELL

                  Chief Operating
                    Officer

                

        

         

        	SLX:	 	 	 
	 	 	 	 
	
                STUDENT LOAN XPRESS, INC.

                a Delaware corporation

              	 	 	 
	 	 	 	 
	 	 	 	 
	By:
                /s/ Douglas L. Feist	 	 	 
	
                
                  

                

                DOUGLAS L. FEIST

                
                  Sr.
                    Executive Vice President and Secretary

                

              	 	 	
              

       

       

      3Stock Purchase Agreement

    
      

      

    

    Exhibit
      10.22

    CONFIDENTIALITY
      AGREEMENT

     

    The
      undersigned has requested that Zone Mining Limited (the “Company”) provide it
      with a copy of the Common Stock Purchase Agreement and other documents (the
      “Offering Documents”) relating to the Company’s offering of Common Stock (the
“Offering”).

     

    As
      a
      condition to the receipt of the Offering Documents, the undersigned acknowledges
      and agrees as follows:

     

    
      	1.  	
              The
                Offering Documents have been furnished to me on a confidential basis
                solely for the purpose of enabling me to evaluate the
                Offering.

            

    

     

    
      	2.  	
              Certain
                of the information contained in the Offering Documents constitutes
                material non public information under United States federal securities
                laws, and that United States federal securities laws prohibit any
                person
                who has received material non-public information relating to the
                Company
                from purchasing or selling securities of the Company, or from
                communicating such information to any person under circumstances
                in which
                it is reasonably foreseeable that such person is likely to purchase
                or
                sell securities of the Company. 

            

    

     

    
      	3.  	
              The
                undersigned will not communicate such information to any other person
                until such time as any such non-public information has been adequately
                disseminated to the public. 

            

    

     

    IN
      WITNESS WHEREOF, the undersigned acknowledges and agrees to abide by the terms
      of this Confidentiality Agreement.

     

    
      	
              Date:
                _______________________

               

            	
              By:
                __________________________________

               

            
	
               

            	
              Name:
                ________________________________

               

            
	
               

            	
              Title:
                _________________________________

               

            
	
               

            	
              Address:
                ______________________________

               

            
	
               

            	
              _____________________________________

               

            

    

    

    EXECUTION
      OF THIS DOCUMENT DOES NOT INDICATE ANY INTENT TO SUBSCRIBE FOR OR PURCHASE
      THE
      SECURITIES OFFERED IN THE OFFERING DOCUMENTS. THIS DOCUMENT MUST BE SIGNED
      AT
      THE TIME YOU RECEIVE THE ATTACHED OFFERING DOCUMENTS AND
      RETURNED
      TO THE SECRETARY OF THE COMPANY.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    

    

    

    ZONE
      MINING LIMITED

    

    

    

    

    

    _______________________________________

    

    

    Common
      Stock Purchase Agreement

    

    

    _____________________________________________

    

    

     

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    CONFIDENTIAL

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    CONFIDENTIAL
      INFORMATION

     

    THE
      OFFEREE, BY ACCEPTING THE COMMON STOCK PURCHASE AGREEMENT AND THE OTHER OFFERING
      DOCUMENTS RELATING TO THE COMPANY’S PROPOSED OFFERING OF COMMON STOCK,
ACKNOWLEDGES
      AND AGREES THAT: (I) THE
      OFFERING DOCUMENTS HAVE
      BEEN FURNISHED TO THE OFFEREE ON A CONFIDENTIAL BASIS SOLELY FOR THE PURPOSE
      OF
      ENABLING THE OFFEREE TO EVALUATE THE OFFERING; (II) THAT THE OFFEREE MAY NOT
      FURTHER DISTRIBUTE THE OFFERING DOCUMENTS WITHOUT THE PRIOR WRITTEN CONSENT
      OF
      THE COMPANY, EXCEPT TO THE OFFEREE’S LEGAL, FINANCIAL OR OTHER PERSONAL
      ADVISORS, IF ANY, WHO WILL USE THE OFFERING DOCUMENTS ON THE OFFEREE’S BEHALF
      SOLELY FOR PURPOSES OF EVALUATING THE OFFERING; (III) ANY REPRODUCTION OR
      DISTRIBUTION OF THE OFFERING DOCUMENTS, IN WHOLE OR IN PART, OR THE DIRECT
      OR
      INDIRECT DISCLOSURE OF THE CONTENTS OF THE OFFERING DOCUMENTS FOR ANY OTHER
      PURPOSE WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY IS PROHIBITED; AND
      (IV)
THE
      OFFEREE SHALL BE BOUND BY ALL TERMS AND CONDITIONS SPECIFIED IN THE OFFERING
      DOCUMENTS.

    

    NOTICE
      TO OFFEREES

     

    THE
      SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER THE APPLICABLE SECURITIES
      LAWS OF ANY STATE OR OTHER JURISDICTION. THIS COMMON
      STOCK
      PURCHASE AGREEMENT AND THE OTHER OFFERING DOCUMENTS DO NOT CONSTITUTE AN OFFER
      TO SELL OR SOLICITATION OF AN OFFER TO BUY THE SECURITIES IN ANY JURISDICTION
      IN
      WHICH SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. 

     

    THE
      SECURITIES ARE BEING SOLD FOR INVESTMENT PURPOSES ONLY, WITHOUT A VIEW TO RESALE
      OR DISTRIBUTION THEREOF, AND MAY NOT BE TRANSFERRED, RESOLD OR OFFERED FOR
      RESALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
      SECURITIES ACT AND EFFECTIVE REGISTRATION OR QUALIFICATION UNDER THE APPLICABLE
      SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, OR THE AVAILABILITY OF
      AN
      EXEMPTION THEREFROM. 

     

    NEITHER
      THE SECURITIES AND EXCHANGE COMMISSION NOR THE SECURITIES COMMISSION OR OTHER
      REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION HAS APPROVED OR
      DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OR ACCURACY OF
      THIS
COMMON
      STOCK
      PURCHASE AGREEMENT OR ANY OF THE OTHER OFFERING DOCUMENTS. ANY REPRESENTATION
      TO
      THE CONTRARY IS A CRIMINAL OFFENSE.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    ADDITIONAL
      INFORMATION

     

    Zone
      Mining Limited (the “Company”) files annual, quarterly and current reports,
      proxy statements and other information with the Securities and Exchange
      Commission (the “SEC”) under the Securities Exchange Act of 1934, as amended.
      Reports, statements or other information that we file with the SEC are available
      to the public at the SEC’s Website at http://www.sec.gov. The following
      documents that we have previously filed with the SEC are incorporated by
      reference into this agreement:

     

    
      	·  	
              Quarterly
                Report on Form 10-QSB for the fiscal quarter ended September 30,
                2006;

            

    

     

    
      	·  	
              Current
                Reports on Form 8-K dated October 20, 2006, October 27, 2006, December
                12,
                2006, and December 22, 2006; and

            

    

     

    
      	·  	
              Any
                Quarterly Reports on Form 10-QSB or Current Reports on Form 8-K filed
                with
                the SEC after January 23, 2007 and before the date this agreement
                is
                executed.

            

    

     

    The
      information incorporated by reference into this agreement is an important part
      of this agreement.
      Any
      statement contained in a document incorporated by reference into this agreement
      shall be deemed to be modified or superseded for the purposes of this agreement
      to the extent that a statement contained herein or in any other subsequently
      filed document modifies or supersedes such statement. Any statement so modified
      or superseded shall not be deemed, except as so modified or superseded, to
      constitute a part of this agreement.

    

    The
      Company will provide to each person to whom this agreement is sent, upon the
      written or oral request of such person, a copy of any or all of the documents
      referred to above that have been incorporated by reference into this agreement
      but not delivered with this agreement. You may make such requests at no cost
      to
      you by writing or telephoning us at the following address or
      number:

    

    Zone
      Mining Limited

    111
      Presidential Boulevard, Suite 165

    Bala
      Cynwyd, PA 19004

    Attention:
      Chief Executive Officer

    

    You
      should rely only on the information contained in this agreement or incorporated
      by reference into this agreement. The Company has not authorized anyone to
      provide you with different information. You should not assume that the
      information in this agreement is accurate as of any date other than the date
      this agreement is sent to you for review or that the information incorporated
      by
      reference into this agreement is accurate as of any date other than the date
      set
      forth on the front of the document containing such information.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    CONFIDENTIAL

    

    COMMON
      STOCK
      PURCHASE AGREEMENT

    

    THIS
      COMMON STOCK PURCHASE AGREEMENT (this "Agreement"), dated _______________,
      2007,
      by and between Zone Mining Limited, a Nevada corporation (the "Company"), and
      the purchaser or purchasers identified on the signature page hereof
      ("Purchaser").

     

    R
      E C
      I T A L S:

    

    WHEREAS,
      Purchaser desires to purchase and the Company desires to sell shares of Common
      Stock on the terms and conditions set forth herein.

     

    NOW,
      THEREFORE, in consideration of the premises hereof and the agreements set forth
      herein below, the parties hereto hereby agree as follows:

     

    1.  The
      Offering. 

     

    (a)  Private
      Offering.
      The
      securities offered by this Agreement are being offered in a private offering
      (the "Offering") of shares of the Company’s Common Stock, $0.00001 par value per
      share (the “Common Stock”). The shares of Common Stock to be sold hereunder
      (collectively, the “Shares”) will be sold at a purchase price (the “Purchase
      Price”) of $1.00 per Share. The Company is offering up to 2,500,000 Shares for
      an aggregate purchase price of $2,500,000 (the “Maximum Amount”); provided,
      however,
      that in
      the event of any over-allotments of Shares during the Offering Period (as
      defined below), the Company reserves the right to sell Shares for an aggregate
      purchase price in excess of $2,500,000 to
      cover
      such over-allotments. The Shares will be sold on a reasonable “best efforts”
basis pursuant to Section 4(2) of the Securities Act of 1933, as amended (the
      "Securities Act"), and/or Rule 506 of Regulation D thereunder. The Shares are
      being offered solely to a limited number of “accredited investors” as that term
      is defined in Rule 501(a) of the Securities Act during an offering period (the
      “Offering Period”) commencing January 24, 2007 and terminating not later than
      February 15, 2007, unless extended by the Company in its sole discretion for
      up
      to an additional thirty-day period (the “Termination Date”). The Offering may be
      terminated by the Company at any time in its sole discretion. 

     

    (b)  The
      Acquisition.
      The
      Company has entered into a Letter of Intent (the “LOI”), pursuant to which the
      Company intends to enter into a definitive purchase agreement to purchase all
      of
      the outstanding limited liability company membership interests (the
“Transaction”) of Reliant Partners LLC, a California limited liability company
      (“Reliant”). A description of the general terms of the Transaction as currently
      proposed and a description of Reliant are attached hereto as Exhibit
      A
      and
Exhibit
      B,
      respectively. The closing of the Transaction is subject to the completion and
      execution of a definitive purchase agreement along with satisfaction or waiver
      of standard and customary approvals and closing. Accordingly, there can be
      no
      assurance that the Transaction will be completed and the Company makes no
      representations or warranties herein as to whether the transactions contemplated
      under the LOI will be consummated and, if so, the effect those transactions
      will
      have on the Company.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (c)  Use
      of
      Proceeds.
      Assuming the Company sells the Maximum Amount, the net proceeds to the Company
      are estimated to be approximately $2,480,000 after deducting offering expenses
      payable by the Company estimated at $20,000. The
      Company intends to use $100,000 of the net proceeds to fund the initial cash
      purchase price of the Transaction and the balance for general working capital
      purposes, which may include repayment of existing indebtedness and the
      acquisition of additional companies or assets.

     

    (d)  No
      Minimum Offering Amount.
      Funds
      shall be released to the Company upon the Company’s execution of this Agreement
      and similar agreements and the Company is not required to raise any minimum
      amount of proceeds prior to executing this Agreement or any similar agreement
      and obtaining such funds. Because there is no minimum amount of subscriptions
      which the Company must receive before accepting funds in the Offering, Purchaser
      will not be assured that the Company will have sufficient funds to operate
      its
      business and will bear the risk that the Company will be unable to secure the
      funds necessary to meet its current and anticipated financial obligations.
      

     

    (e)  Placement
      Agent
      and Finders Fees.
      The
      Company reserves the right to pay cash fees to agents, brokers, dealers and
      finders in connection with the sale of the Shares in an amount up to eight
      percent (8%) of the Purchase Price of such Shares.

     

    2.  Sale
      and Purchase of Shares. 

     

    (a)  Purchase
      and Sale.
      Subject
      to the terms and conditions hereof, the Company agrees to sell, and Purchaser
      irrevocably subscribes for and agrees to purchase, the number of Shares set
      forth on the signature page of this Agreement at a purchase price of $1.00
      per
      Share. The aggregate purchase price for the Shares shall be as set forth on
      the
      signature page hereto (the “Aggregate Purchase Price”) and shall be payable upon
      execution hereof by check or wire transfer of immediately available funds as
      set
      forth below.

     

    (b)  Subscription
      Procedure.
      In
      order to purchase Shares, Purchaser shall deliver to the Company, 111
      Presidential Boulevard, Suite 165, Bala Cynwyd, Pennsylvania 19004: (i) one
      completed and duly executed copy of this Agreement; and (ii) immediately
      available funds, or a certified check or bank check, in an amount equal to
      the
      Aggregate Purchase Price. Execution and delivery of this Agreement shall
      constitute an irrevocable subscription for that number of Shares set forth
      on
      the signature page hereto. The minimum investment that may be made by a
      Purchaser is $50,000 or
      50,000
      Shares, although the Company may, in its sole discretion, accept subscriptions
      for a lesser amount. Payment for the Shares may be made by wire transfer
      to:

     

    Sovereign
      Bank

    1130
      Berkshire Blvd.

    Wyomissing,
      PA 19610

    

    ABA# 231
      372
      691

    For
      Credit to: Zone Mining Limited

    111
      Presidential Boulevard, Suite 165

    Bala
      Cynwyd, PA 19004

    Account
      #
      236 106 7331

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

    

    or
      by
      check made payable to: “Zone Mining Limited.” Receipt by the Company of funds
      wired, or deposit and collection by the Company of the check tendered herewith,
      will not constitute acceptance of this Agreement by the Company. The Shares
      subscribed for will not be deemed to be issued to, or owned by, Purchaser until
      the Company has executed this Agreement. All funds tendered by Purchaser will
      be
      held by the Company pending acceptance or rejection of this Agreement by the
      Company and the closing of Purchaser’s purchase of Shares. This Agreement will
      either be accepted by the Company, in whole or in part, in its sole discretion,
      or rejected by the Company as promptly as practicable. If this Agreement is
      accepted only in part, Purchaser agrees to purchase such smaller number of
      Shares as the Company determines to sell to Purchaser. If this Agreement is
      rejected for any reason, including the termination of the Offering by the
      Company, this Agreement and all funds tendered herewith will be promptly
      returned to Purchaser, without interest or deduction of any kind, and this
      Agreement will be void and of no further force or effect.

     

    
      (c)  Closing.
        Subscriptions will be accepted by the Company in its sole discretion until
        the
        Termination Date. Upon the Company’s execution of this Agreement, the
        subscription evidenced hereby, if not previously rejected by the Company,
        will,
        in reliance upon Purchaser’s representations and warranties contained herein, be
        accepted, in whole or in part, by the Company. If Purchaser’s subscription is
        accepted only in part, this Agreement will be marked to indicate such fact,
        and
        the Company will return to Purchaser the portion of the funds tendered by
        Purchaser representing the unaccepted portion of Purchaser’s subscription,
        without interest or deduction of any kind. Upon acceptance of this Agreement
        in
        whole or in part by the Company, the Company will issue certificates for
        the
        Common Stock to Purchaser, together with a copy of Purchaser’s executed
        Agreement countersigned by the Company. 

    

     

    3.  Representations
      and Warranties of Purchaser.
      Purchaser represents and warrants to the Company as follows:

     

    (a)  Organization
      and Qualification.
      

     

    (i)  If
      Purchaser is an entity, Purchaser is duly organized, validly existing and in
      good standing under the laws of its jurisdiction of organization, with the
      corporate or other entity power and authority to own and operate its business
      as
      presently conducted, except where the failure to be or have any of the foregoing
      would not have a material adverse effect on Purchaser, and Purchaser is duly
      qualified as a foreign corporation or other entity to do business and is in
      good
      standing in each jurisdiction where the character of its properties owned or
      held under lease or the nature of their activities makes such qualification
      necessary, except for such failures to be so qualified or in good standing
      as
      would not have a material adverse effect on it.

     

    (ii)  If
      Purchaser is an entity, the address of its principal place of business is as
      set
      forth on the signature page hereto, and if Purchaser is an individual, the
      address of its principal residence is as set forth on the signature page
      hereto.

     

    (b)  Authority;
      Validity and Effect of Agreement.
      

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (i)  If
      Purchaser is an entity, Purchaser has the requisite corporate or other entity
      power and authority to execute and deliver this Agreement and perform its
      obligations under this Agreement. The execution and delivery of this Agreement
      by Purchaser, the performance by Purchaser of its obligations hereunder and
      all
      other necessary corporate or other entity action on the part of Purchaser have
      been duly authorized by its board of directors or similar governing body, and
      no
      other corporate or other entity proceedings on the part of Purchaser is
      necessary for Purchaser to execute and deliver this Agreement and perform its
      obligations hereunder. 

     

    (ii)  This
      Agreement has been duly and validly authorized, executed and delivered by
      Purchaser and, assuming it has been duly and validly executed and delivered
      by
      the Company, constitutes a legal, valid and binding obligation of Purchaser,
      in
      accordance with its terms.

     

    (c)  No
      Conflict; Required Filings and Consents.
      Neither
      the execution and delivery of this Agreement by Purchaser nor the performance
      by
      Purchaser of its obligations hereunder will: (i) if Purchaser is an entity,
      conflict with Purchaser’s articles of incorporation or bylaws, or other similar
      organizational documents; (ii) violate any statute, law, ordinance, rule or
      regulation, applicable to Purchaser or any of the properties or assets of
      Purchaser; or (iii) violate, breach, be in conflict with or constitute a default
      (or an event which, with notice or lapse of time or both, would constitute
      a
      default) under, or permit the termination of any provision of, or result in
      the
      termination of, the acceleration of the maturity of, or the acceleration of
      the
      performance of any obligation of Purchaser under, or result in the creation
      or
      imposition of any lien upon any properties, assets or business of Purchaser
      under, any material contract or any order, judgment or decree to which Purchaser
      is a party or by which it or any of its assets or properties is bound or
      encumbered except, in the case of clauses (ii) and (iii), for such violations,
      breaches, conflicts, defaults or other occurrences which, individually or in
      the
      aggregate, would not have a material adverse effect on its obligation to perform
      its covenants under this Agreement.

     

    (d)  Accredited
      Investor.
      Purchaser
      is an “accredited investor” as that term is defined in Rule 501(a) of Regulation
      D under the Securities Act. If Purchaser is an entity, Purchaser was not formed
      for the specific purpose of acquiring the Shares, and, if it was, all of
      Purchaser’s equity owners are “accredited investors” as defined
      above.

     

    (e)  No
      Government Review.
      Purchaser understands that neither the United States Securities and Exchange
      Commission (“SEC”) nor any securities commission or other governmental authority
      of any state, country or other jurisdiction has approved the issuance of the
      Shares or passed upon or endorsed the merits of the Shares, this Agreement,
      the
      Common Stock, or any of the other documents relating to the proposed Offering
      (collectively, the “Offering Documents”), or confirmed the accuracy of,
      determined the adequacy of, or reviewed this Agreement, the Common Stock or
      the
      other Offering Documents.

     

    (f)  Investment
      Intent.
      The
      Shares are being acquired for the Purchaser’s own account for investment
      purposes only, not as a nominee or agent and not with a view to the resale
      or
      distribution of any part thereof, and Purchaser has no present intention of
      selling, granting any participation in or otherwise distributing the same.
      By
      executing this Agreement, Purchaser further represents that Purchaser does
      not
      have any contract, undertaking, agreement or arrangement with any person to
      sell, transfer or grant participation to such person or third person with
      respect to any of the Shares.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (g)  Restrictions
      on Transfer.
      Purchaser understands that the Shares are “restricted securities” as such term
      is defined in Rule 144 under the Securities Act and have not been registered
      under the Securities Act or registered or qualified under any state securities
      law, and may not be, directly or indirectly, sold, transferred, offered for
      sale, pledged, hypothecated or otherwise disposed of without registration under
      the Securities Act and registration or qualification under applicable state
      securities laws or the availability of an exemption therefrom. In any case
      where
      such an exemption is relied upon by Purchaser from the registration requirements
      of the Securities Act and the registration or qualification requirements of
      such
      state securities laws, Purchaser shall furnish the Company with an opinion
      of
      counsel stating that the proposed sale or other disposition of such securities
      may be effected without registration under the Securities Act and will not
      result in any violation of any applicable state securities laws relating to
      the
      registration or qualification of securities for sale, such counsel and opinion
      to be satisfactory to the Company. Purchaser acknowledges that it is able to
      bear the economic risks of an investment in the Shares for an indefinite period
      of time, and that its overall commitment to investments that are not readily
      marketable is not disproportionate to its net worth.

     

    (h)  Investment
      Experience.
      Purchaser has such knowledge, sophistication and experience in financial, tax
      and business matters in general, and investments in securities in particular,
      that it is capable of evaluating the merits and risks of this investment in
      the
      Shares, and Purchaser has made such investigations in connection herewith as
      it
      deemed necessary or desirable so as to make an informed investment decision
      without relying upon the Company for legal or tax advice related to this
      investment. In making its decision to acquire the Shares, Purchaser has not
      relied upon any information other than information provided to Purchaser by
      the
      Company or its representatives and contained herein and in the other Offering
      Documents.

     

    (i)  Access
      to Information.
      Purchaser acknowledges that it has had access to and has reviewed all documents
      and records relating to the Company, including, but not limited to, the
      Company’s Quarterly Report on Form 10-QSB for the fiscal quarter ended September
      30, 2006, and the Company’s Current Reports on Form 8-K dated October 20, 2006,
      October 27, 2006, December 12, 2006, and December 22, 2006,
      respectively (as
      such
      documents have been amended since the date of their filing, collectively, the
      “Company SEC Documents”), that it has deemed necessary in order to make an
      informed investment decision with respect to an investment in the Shares; that
      it has had the opportunity to ask representatives of the Company certain
      questions and request certain additional information regarding the terms and
      conditions of such investment and the finances, operations, business and
      prospects of the Company and has had any and all such questions and requests
      answered to its satisfaction; and that it understands the risks and other
      considerations relating to such investment.

     

    (j)  Reliance
      on Representations.
      Purchaser understands that the Shares are being offered and sold to it in
      reliance on specific exemptions from the registration requirements of the
      federal and state securities laws and that the Company is relying in part upon
      the truth and accuracy of, and such Purchaser’s compliance with, the
      representations, warranties, agreements, acknowledgments and understandings
      of
      such Purchaser set forth herein in order to determine the availability of such
      exemptions and the eligibility of such Purchaser to acquire the Shares.
      Purchaser represents and warrants to the Company that any information that
      Purchaser has heretofore furnished or furnishes herewith to the Company is
      complete and accurate, and further represents and warrants that it will notify
      and supply corrective information to the Company immediately upon the occurrence
      of any change therein occurring prior to the Company’s issuance of the Shares.
      Within five (5) days after receipt of a request from the Company, Purchaser
      will
      provide such information and deliver such documents as may reasonably be
      necessary to comply with any and all laws and regulations to which the Company
      is subject.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (k)  No
      General Solicitation.
      Purchaser is unaware of, and in deciding to participate in the Offering is
      in no
      way relying upon, and did not become aware of the Offering through or as a
      result of, any form of general solicitation or general advertising including,
      without limitation, any article, notice, advertisement or other communication
      published in any newspaper, magazine or similar media, or broadcast over
      television or radio or the internet, in connection with the
      Offering.

     

    (l)  Placement
      and Finder’s Fees.
      No
      agent, broker, investment banker, finder, financial advisor or other person
      acting on behalf of Purchaser or under its authority is or will be entitled
      to
      any broker’s or finder’s fee or any other commission or similar fee, directly or
      indirectly, in connection with the Offering, and no person is entitled to any
      fee or commission or like payment in respect thereof based in any way on
      agreements, arrangements or understanding made by or on behalf of
      Purchaser.

     

     

    (m)  Investment
      Risks.
      Purchaser understands that purchasing Shares in the Offering will subject
      Purchaser to certain risks, including, but not limited to, each of the
      following:

     

    (i)  The
      offering price of the Shares offered hereby has been determined solely by the
      Company and does not necessarily bear any relationship to the value of the
      Company’s assets, current or potential earnings of the Company, or any other
      recognized criteria used for measuring value and, therefore, there can be no
      assurance that the offering price of the Shares is representative of the actual
      value of the Shares.

     

    (ii)  In
      order
      to capitalize the Company, execute its business plan, and for other corporate
      purposes, the Company has issued, and expects to issue additional shares of
      Common Stock, securities exercisable or convertible into shares of Common Stock,
      or debt. Such securities have been and may be issued for a purchase price
      consisting of cash, services or other consideration that may be materially
      different than the purchase price of the Shares. The issuance of any such
      securities may result in substantial dilution to the relative ownership
      interests of the Company’s existing shareholders and substantial reduction in
      net book value per share. Additional equity securities may have rights,
      preferences and privileges senior to those of the holders of Common Stock,
      and
      any debt financing may involve restrictive covenants that may limit the
      Company’s operating flexibility. 

     

    (iii)  An
      investment in the Shares may involve certain material legal, accounting and
      federal and state tax consequences. Purchaser should consult with its legal
      counsel, accountant and/or business adviser as to the legal, accounting, tax
      and
      related matters accompanying such an investment.

     

    (iv)  There
      is
      no minimum amount required to be raised in this Offering and, therefore, the
      Company may not generate enough net proceeds form this Offering to execute
      its
      business plan and satisfy its working capital requirements. 

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (v)  At
      this
      time, the Company has nominal operations and assets and is, therefore,
      considered a shell corporation under applicable rules of the Exchange Act (as
      defined in Section 6.1(a) hereof).

     

    (n)  Legends.
      The
      certificates and agreements evidencing the Shares shall have endorsed thereon
      the following legend (and appropriate notations thereof will be made in the
      Company’s stock transfer books), and
      stop
      transfer instructions reflecting these restrictions on transfer will be placed
      with the transfer agent of the Shares:

     

    THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE. THE SECURITIES
      REPRESENTED HEREBY HAVE BEEN TAKEN BY THE REGISTERED OWNER FOR INVESTMENT,
      AND
      WITHOUT A VIEW TO RESALE OR DISTRIBUTION THEREOF, AND MAY NOT BE SOLD,
      TRANSFERRED OR DISPOSED OF WITHOUT AN OPINION OF COUNSEL SATISFACTORY TO THE
      ISSUER THAT SUCH TRANSFER OR DISPOSITION DOES NOT VIOLATE THE SECURITIES ACT
      OF
      1933, AS AMENDED, THE RULES AND REGULATIONS THEREUNDER OR OTHER APPLICABLE
      SECURITIES LAWS.

     

    4.  Representations
      and Warranties of the Company.
      The
      Company represents and warrants to Purchaser as follows:

     

    (a)  Organization
      and Qualification.
      The
      Company is duly organized, validly existing and in good standing under the
      laws
      of its jurisdiction of organization, with the corporate power and authority
      to
      own and operate its business as presently conducted, except where the failure
      to
      be or have any of the foregoing would not have a material adverse effect on
      the
      Company. The Company is duly qualified as a foreign corporation or other entity
      to do business and is in good standing in each jurisdiction where the character
      of its properties owned or held under lease or the nature of their activities
      makes such qualification necessary, except for such failures to be so qualified
      or in good standing as would not have a material adverse effect on the
      Company.

     

    (b)  Authority;
      Validity and Effect of Agreement.
      

     

    (vi)  The
      Company has the requisite corporate power and authority to execute and deliver
      this Agreement, perform its obligations under this Agreement, and conduct the
      Offering. The execution and delivery of this Agreement by the Company, the
      performance by the Company of its obligations hereunder, the Offering and all
      other necessary corporate action on the part of the Company have been duly
      authorized by its board of directors, and no other corporate proceedings on
      the
      part of the Company are necessary to authorize this Agreement or the Offering.
      This Agreement has been duly and validly executed and delivered by the Company
      and, assuming that it has been duly authorized, executed and delivered by
      Purchaser, constitutes a legal, valid and binding obligation of the Company,
      in
      accordance with its terms, subject to the effects of bankruptcy, insolvency,
      fraudulent conveyance, reorganization, moratorium and other similar laws
      relating to or affecting creditors’ rights generally, general equitable
      principles (whether considered in a proceeding in equity or at law) and an
      implied covenant of good faith and fair dealing.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (vii)  The
      Shares have been duly authorized and, when issued and paid for in accordance
      with this Agreement, will be validly issued, fully paid and non-assessable
      shares of Common Stock with no personal liability resulting solely from the
      ownership of such Shares and will be free and clear of all liens, charges,
      restrictions, claims and encumbrances imposed by or through the Company.

    

    (c)  No
      Conflict; Required Filings and Consents.
      Neither
      the execution and delivery
      of this
      Agreement by the Company nor the performance by the Company of its obligations
      hereunder will: (i) conflict with the Company’s articles of incorporation or
      bylaws; (ii) violate any statute, law, ordinance, rule or regulation, applicable
      to the Company or any of the properties or assets of the Company; or (iii)
      violate, breach, be in conflict with or constitute a default (or an event which,
      with notice or lapse of time or both, would constitute a default) under, or
      permit the termination of any provision of, or result in the termination of,
      the
      acceleration of the maturity of, or the acceleration of the performance of
      any
      obligation of the Company, or result in the creation or imposition of any lien
      upon any properties, assets or business of the Company under, any material
      contract or any order, judgment or decree to which the Company is a party or
      by
      which it or any of its assets or properties is bound or encumbered except,
      in
      the case of clauses (ii) and (iii), for such violations, breaches, conflicts,
      defaults or other occurrences which, individually or in the aggregate, would
      not
      have a material adverse effect on its obligation to perform its covenants under
      this Agreement.

     

    (d)  SEC
      Reports and Financial Statements.
      The
      Company has filed with the SEC, and has heretofore made available to Purchaser,
      true and complete copies of all forms, reports, schedules, statements and other
      documents required to be filed by it under the Exchange Act (as defined in
      Section 6.1(a)) or the Securities Act. In addition, the Company has incorporated
      by reference into this Agreement the Company SEC Documents. As of their
      respective dates or, if amended, as of the date of the last such amendment,
      the
      Company SEC Documents, including any financial statements or schedules included
      therein: (i) did not contain any untrue statement of a material fact or omit
      to
      state a material fact required to be stated therein or necessary in order to
      make the statements made therein, in light of the circumstances under which
      they
      were made, not misleading; and (ii) complied in all material respects with
      the
      applicable requirements of the Exchange Act and the Securities Act, as the
      case
      may be, and the applicable rules and regulations of the SEC thereunder. Each
      of
      the financial statements included in the Company SEC Documents have been
      prepared from, and are in accordance with, the books and records of the Company,
      comply in all material respects with applicable accounting requirements and
      with
      the published rules and regulations of the SEC with respect thereto, have been
      prepared in accordance with generally accepted accounting principles applied
      on
      a consistent basis during the periods involved (except as may be indicated
      in
      the notes thereto) and fairly present the financial position and the results
      of
      operations and cash flows of the Company as of the dates thereof or for the
      periods presented therein (subject, in the case of unaudited statements, to
      normal year-end audit adjustments not material in amount).

     

    5.  Indemnification.
      Purchaser agrees to indemnify, defend and hold harmless the Company and its
      respective affiliates and agents from and against any and all demands, claims,
      actions or causes of action, judgments, assessments, losses, liabilities,
      damages or penalties and reasonable attorneys’ fees and related disbursements
      incurred by the Company that arise out of or result from a breach of any
      representations or warranties made by Purchaser herein, and Purchaser agrees
      that in the event of any breach of any representations or warranties made by
      Purchaser herein, the Company may, at its option, forthwith rescind the sale
      of
      the Shares to Purchaser.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    6.  Registration
      Rights. The Company covenants and agrees as follows:

     

    6.1     
      For
      the
      purpose of this Section 6, the following definitions shall apply:

     

        (a)  “Exchange
      Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules
      and regulations of the SEC thereunder, all as the same shall be in effect at
      the
      time.

     

        (b)  “Person”
      shall mean an individual, partnership (general or limited), corporation, limited
      liability company, joint venture, business trust, cooperative, association
      or
      other form of business organization, whether or not regarded as a legal entity
      under applicable law, a trust (inter vivos or testamentary), an estate of a
      deceased, insane or incompetent person, a quasi-governmental entity, a
      government or any agency, authority, political subdivision or other
      instrumentality thereof, or any other entity.

     

        (c)  “Register,”
      “registered,” and “registration” shall refer to a registration effected by
      preparing and filing a registration statement in compliance with the Securities
      Act, and the declaration or order of effectiveness of such registration
      statement or document by the SEC.

     

        (d)  “Registration
      Statement” shall mean any registration statement of the Company filed with the
      SEC pursuant to the provisions of Section 6.2 of this Agreement, which covers
      the resale of the Restricted Stock on an appropriate form then permitted by
      the
      SEC to be used for such registration and the sales contemplated to be made
      thereby under the Securities Act, or any similar rule that may be adopted by
      the
      SEC, and all amendments and supplements to such registration statement,
      including any pre- and post- effective amendments thereto, in each case
      including the prospectus contained therein, all exhibits thereto and all
      materials incorporated by reference therein.

     

        (e)  “Restricted
      Stock” shall mean (i) the shares of Common Stock issued and sold hereunder; and
      (ii) any additional shares of Common Stock of the Company issued or issuable
      after the date hereof in respect of any shares of the foregoing securities
      by
      way of a stock dividend or stock split, provided that as to any particular
      shares of Restricted Stock, such securities shall cease to constitute Restricted
      Stock when (x) a Registration Statement with respect to the sale of such
      securities shall have become effective under the Securities Act and such
      securities shall have been disposed of thereunder, (y) such securities are
      permitted to be transferred pursuant to Rule 144(k) (or any successor provision
      to such rule) under the Securities Act or (z) such securities are otherwise
      freely transferable to the public without further registration under the
      Securities Act.

     

        (f)  “Selling
      Stockholders” shall mean Purchaser and any other purchaser of Shares in the
      Offering, and their respective successors and assigns.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    6.2.     
      Registration
      of the Shares.

     

        (a)   
        The
      Company shall notify all Selling Stockholders in writing at least twenty
      (20) days
      prior to the filing of any registration statement under the Securities Act
      for
      the purpose of registering securities of the Company, excluding registration
      statements on SEC Forms S-4, S-8 or any similar or successor forms, and will
      afford each such Selling Stockholder an opportunity to include in such
      registration statement all or part of such Restricted Stock held by such Selling
      Stockholder. Each Selling Stockholder desiring to include in any such
      registration statement all or any part of the Restricted Stock held by it shall,
      within ten (10) days after the above-described notice from the Company, so
      notify the Company in writing. Such notice shall state the intended method
      of
      disposition of the Restricted Stock by such Selling Stockholder. If a Selling
      Stockholder decides not to include all of its Restricted Stock in any
      registration statement thereafter filed by the Company, such Selling Stockholder
      shall nevertheless continue to have the right to include any Restricted Stock
      in
      any subsequent registration statement or registration statements as may be
      filed
      by the Company with respect to offerings of its securities, all upon the terms
      and conditions set forth herein. The Company may, without the consent of the
      Selling Stockholders, withdraw such registration statement prior to its becoming
      effective if the proposal to register the securities proposed to be registered
      thereby is abandoned.

     

        (b) 
          In
      the
      event that any registration pursuant to Section 6.2(a) shall be, in whole or
      in
      part, an underwritten public offering of Restricted Stock on behalf of the
      Company, all Purchasers proposing to distribute their Restricted Stock through
      such underwriting shall enter into an underwriting agreement in customary form
      with the underwriter or underwriters selected for such underwriting by the
      Company. If the managing underwriter thereof advises the Company in writing
      that
      in its opinion the number of securities requested to be included in such
      registration exceeds the number which can be sold in an orderly manner in such
      offering within a price range acceptable to the Company, the Company shall
      include in such registration (i) first, the securities the Company proposes
      to
      sell, and (ii) second, the Restricted Stock and any other registrable securities
      eligible and requested to be included in such registration to the extent that
      the number of shares to be registered under this clause (ii) will not, in the
      opinion of the managing underwriter, adversely affect the offering of the
      securities pursuant to clause (i). In such a case, shares shall be registered
      pro rata among the holders of such Restricted Stock and registrable securities
      on the basis of the number of shares eligible for registration that are owned
      by
      all such holders and requested to be included in such registration.

     

        (c)    
       Notwithstanding
      anything to the contrary contained herein, the Company’s obligation in Sections
      6.2(a) and 6.2(b) above shall extend only to the inclusion of the Restricted
      Stock in a Registration Statement. The Company shall have no obligation to
      assure the terms and conditions of distribution, to obtain a commitment from
      an
      underwriter relative to the sale of the Restricted Stock or to otherwise assume
      any responsibility for the manner, price or terms of the distribution of the
      Restricted Stock. 

     

        (d)    
       The
      Company shall have the right to terminate or withdraw any registration initiated
      by it under this Section 6.2 prior to the effectiveness of such registration
      without thereby incurring liability to the holders of the Restricted Stock,
      regardless of whether any holder has elected to include securities in such
      registration. The Registration Expenses (as defined in Section 6.5) of such
      withdrawn registration shall be borne by the Company in accordance with
      Section 6.4 hereof.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    6.3.     
      Registration
      Procedures.
      Whenever it is obligated to register any Restricted Stock pursuant to this
      Agreement, the Company shall:

     

        (a)   
        prepare
      and file with the SEC a Registration Statement with respect to the Restricted
      Stock in the manner set forth in Section 6.2 hereof and use its reasonable
      best
      efforts to cause such Registration Statement to become effective as promptly
      as
      possible and to remain effective until the earlier of: (i) the sale of all
      shares of Restricted Stock covered thereby, (ii) the availability under Rule
      144
      for the Selling Stockholder to immediately, freely resell without restriction
      all Restricted Stock covered thereby, or (iii) two (2) years from the date
      of
      this Agreement;

     

        (b)    
       prepare
      and file with the SEC such amendments (including post-effective amendments)
      and
      supplements to such Registration Statement and the prospectus used in connection
      therewith as may be necessary to keep such Registration Statement effective
      for
      the period specified in Section 6.3(a) above and to comply with the provisions
      of the Securities Act with respect to the disposition of all Restricted Stock
      covered by such Registration Statement in accordance with the intended method
      of
      disposition set forth in such Registration Statement for such
      period;

     

        (c)   
        furnish
      to the Selling Stockholders such number of copies of the Registration Statement
      and the prospectus included therein (including each preliminary prospectus)
      as
      such person may reasonably request in order to facilitate the public sale or
      other disposition of the Restricted Stock covered by such Registration
      Statement;

     

        (d)    
       use
      its
      reasonable best efforts to register or qualify the Restricted Stock covered
      by
      such Registration Statement under the state securities laws of such
      jurisdictions as any Selling Stockholder shall reasonably request; provided,
      however,
      that
      the Company shall not for any such purpose be required to qualify generally
      to
      transact business as a foreign corporation in any jurisdiction where it is
      not
      so qualified or to consent to general service of process in any such
      jurisdiction;

     

        (e)   
        in
      the
      event of any underwritten public offering, enter into and perform its
      obligations under an underwriting agreement, in usual and customary form, with
      the managing underwriter(s) of such offering. Each Purchaser participating
      in
      such underwriting shall also enter into and perform its obligations under such
      an agreement, as described in Section 6.2(b);

     

        (f)    
       immediately
      notify each Selling Stockholder at any time when a prospectus relating thereto
      is required to be delivered under the Securities Act, of the happening of any
      event as a result of which the prospectus contained in such Registration
      Statement, as then in effect, includes an untrue statement of a material fact
      or
      omits to state a material fact required or necessary to be stated therein in
      order to make the statements contained therein not misleading in light of the
      circumstances under which they were made. The Company will use reasonable
      efforts to amend or supplement such prospectus in order to cause such prospectus
      not to include any untrue statement of a material fact or omit to state a
      material fact required to be stated therein or necessary to make the statements
      therein not misleading in the light of the circumstances under which they were
      made;

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

        (g)     
      prepare
      and file with the SEC such amendments and supplements to such Registration
      Statement and the prospectus used in connection with such Registration Statement
      as may be necessary to comply with the provisions of the Securities Act with
      respect to the disposition of all securities covered by such Registration
      Statement;

     

        (h)    
       use
      its
      reasonable best efforts to list the Restricted Stock covered by such
      Registration Statement on each exchange or automated quotation system on which
      similar securities issued by the Company are then listed (with the listing
      application being made at the time of the filing of such Registration Statement
      or as soon thereafter as is reasonably practicable);

     

        (i)     
      notify
      each Selling Stockholder of any threat by the SEC or state securities commission
      to undertake a stop order with respect to sales under the Registration
      Statement; and 

     

        (j)     
      cooperate
      in the timely removal of any restrictive legends from the shares of Restricted
      Stock in connection with the resale of such shares covered by an effective
      Registration Statement.

     

    6.4.     
      Delay
      of Registration. 
      No
      Selling Stockholder shall have any right to obtain or seek an injunction
      restraining or otherwise delaying any such registration as the result of any
      controversy that might arise with respect to the interpretation or
      implementation of this Section 6.

     

    6.5      
      Expenses.

     

        (a)    
       For
      the
      purposes of this Section 6.5, the term “Registration Expenses” shall mean: all
      expenses incurred by the Company in complying with Section 6.2 of this
      Agreement, including, without limitation, all registration and filing fees,
      printing expenses, fees and disbursements of counsel and independent public
      accountants for the Company, fees under state securities laws, fees of the
      National Association of Securities Dealers, Inc. (“NASD”), fees and expenses of
      listing shares of Restricted Stock on any securities exchange or automated
      quotation system on which the Company’s shares are listed and fees of transfer
      agents and registrars. The term “Selling Expenses” shall mean: all underwriting
      discounts and selling commissions applicable to the sale of Restricted Stock
      and
      all accountable or non-accountable expenses paid to any underwriter in respect
      of such sale.

     

        (b)    
       Except
      as
      otherwise provided herein, the Company will pay all Registration Expenses in
      connection with the Registration Statements filed pursuant to Section 6.2 of
      this Agreement. All Selling Expenses in connection with any Registration
      Statements filed pursuant to Section 6.2 of this Agreement shall be borne by
      the
      Selling Stockholders, pro rata, on the basis of the number of shares registered
      by each Selling Stockholder whose shares of Restricted Stock are covered by
      such
      Registration Statement, or by such persons other than the Company (except to
      the
      extent the Company may be a seller) as they may agree in writing.

     

    
      
        
        

      

      
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    6.6.     
      Obligations
      of the Selling Stockholders.

     

        (a)  
         In
      connection with each registration hereunder, each Selling Stockholder will
      furnish to the Company in writing such information with respect to it and the
      securities held by it and the proposed distribution by it, as shall be
      reasonably requested by the Company in order to assure compliance with
      applicable federal and state securities laws as a condition precedent to
      including the Selling Stockholder’s Restricted Stock in the Registration
      Statement. Each Selling Stockholder shall also promptly notify the Company
      of
      any changes in such information included in the Registration Statement or
      prospectus as a result of which there is an untrue statement of material fact
      or
      an omission to state any material fact required or necessary to be stated
      therein in order to make the statements contained therein not misleading in
      light of the circumstances under which they were made.

     

        (b)   
        In
      connection with the filing of the Registration Statement, each Selling
      Stockholder shall furnish to the Company in writing such information and
      affidavits as the Company reasonably requests for use in connection with such
      Registration Statement or prospectus.

     

        (c)   
        In
      connection with each registration pursuant to this Agreement, each Selling
      Stockholder agrees that it will not effect sales of any Restricted Stock until
      notified by the Company of the effectiveness of the Registration Statement,
      and
      thereafter will suspend such sales after receipt of telegraphic or written
      notice from the Company to suspend sales to permit the Company to correct or
      update a Registration Statement or prospectus. At the end of any period during
      which the Company is obligated to keep a Registration Statement current, each
      Selling Stockholder shall discontinue sales of Restricted Stock pursuant to
      such
      Registration Statement upon receipt of notice from the Company of its intention
      to remove from registration the Restricted Stock covered by such Registration
      Statement that remains unsold, and each Selling Stockholder shall notify the
      Company of the number of shares registered which remain unsold immediately
      upon
      receipt of such notice from the Company.

     

    6.7.     
      Information
      Blackout and Holdbacks.

     

        (a)    
       At
      any
      time when a Registration Statement effected pursuant to Section 6.2 is
      effective, upon written notice from the Company to Purchaser that the Company
      has determined in good faith that the sale of Restricted Stock pursuant to
      the
      Registration Statement would require disclosure of non-public material
      information, Purchaser shall suspend sales of Restricted Stock pursuant to
      such
      Registration Statement until such time as the Company notifies Purchaser that
      such material information has been disclosed to the public or has ceased to
      be
      material, or that sales pursuant to such Registration Statement may otherwise
      be
      resumed.

     

        (b)    
       Notwithstanding
      any other provision of this Agreement, Purchaser shall not effect any public
      sale or distribution (including sales pursuant to Rule 144 under the Securities
      Act), if and when available, of equity securities of the Company, or any
      securities convertible into or exchangeable or exercisable for such securities,
      during the thirty (30) days prior to the commencement of any primary offering
      to
      be undertaken by the Company of shares of its unissued Common Stock (“Primary
      Offering”), which may also include other securities, and ending one hundred
      twenty (120) days after completion of any such Primary Offering, unless the
      Company, in the case of a non-underwritten Primary Offering, or the managing
      underwriter, in the case of an underwritten Primary Offering, otherwise agree
      in
      writing.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    6.8.     
      Indemnification.

     

        (a)    
       The
      Company agrees to indemnify, to the extent permitted by law, each Selling
      Stockholder, such Selling Stockholder’s respective partners, officers,
      directors, underwriters and each Person who controls any Selling Stockholder
      (within the meaning of the Securities Act) against all losses, claims, damages,
      liabilities and expenses caused by (i) any untrue statement of or alleged untrue
      statement of material fact contained in the Registration Statement, prospectus
      or preliminary prospectus or any amendment or supplement thereto, (ii) any
      omission of or alleged omission of a material fact required to be stated therein
      or necessary to make the statements therein not misleading, or (iii) any
      violation or alleged violation by the Company of the Securities Act, the
      Exchange Act, any state securities law or any rule or regulation promulgated
      under the Securities Act, the Exchange Act or any state securities law in
      connection with the offering covered by such Registration Statement
      (“Violations”); provided,
      however,
      that
      the indemnity agreement contained in this Section 6.8(a) shall not apply to
      amounts paid in settlement of any such loss, claim, damage, liability or action
      if such settlement is effected without the consent of the Company, which consent
      shall not be unreasonably withheld, nor shall the Company be liable in for
      any
      loss, claim, damage, liability or action to the extent that it arises out of
      or
      is based upon a Violation which occurs in reliance upon and in conformity with
      information furnished to the Company by such Selling Stockholder, partner,
      officer, director, underwriter or controlling person of such Selling
      Stockholder.

     

        (b)    
       To
      the
      extent permitted by law, each Selling Stockholder shall indemnify and hold
      harmless the Company, each of its directors, its officers and each person,
      if
      any, who controls the Company within the meaning of the Securities Act, any
      underwriter and any other Selling Stockholder selling securities under such
      registration statement or any of such other Selling Stockholder’s partners,
      directors or officers or any person who controls such Selling Stockholder,
      against any losses, claims, damages or liabilities (joint or several) to which
      the Company or any such director, officer, controlling person, underwriter
      or
      other such Selling Stockholder, or partner, director, officer or controlling
      person of such other Selling Stockholder, may become subject under the
      Securities Act, the Exchange Act or other federal or state law, insofar as
      such
      losses, claims, damages or liabilities (or actions in respect thereto) arise
      out
      of or are based upon any Violation, in each case to the extent (and only to
      the
      extent) that such Violation occurs (i) in reliance upon and in conformity with
      information furnished by such Selling Stockholder to the Company, (ii) as a
      result of any failure to deliver a copy of the prospectus relating to such
      Registration Statement, or (iii) as a result of any disposition of the
      Restricted Stock in a manner that fails to comply with the permitted methods
      of
      distribution identified within the Registration Statement; provided,
      that in
      no event shall Selling Stockholder’s obligation under this Section 6.8(b) exceed
      the net proceeds from the sale of Restricted Stock purchased by Selling
      Stockholder hereunder.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

        (c)     
      Any
      Person entitled to indemnification hereunder shall (i) give prompt written
      notice to the indemnifying party of any claim with respect to which it seeks
      indemnification (provided that the failure to give prompt notice shall not
      impair any Person’s right to indemnification hereunder to the extent such
      failure has not prejudiced the indemnifying party), and (ii) unless in such
      indemnified party’s reasonable judgment a conflict of interest between such
      indemnified and indemnifying parties may exist with respect to such claim,
      permit such indemnifying party to assume the defense of such claim with counsel
      reasonably satisfactory to the indemnified party. If such defense is assumed,
      the indemnifying party shall not be subject to any liability for any settlement
      made by the indemnified party without its consent (but such consent shall not
      be
      unreasonably withheld). An indemnifying party who is not entitled to, or elects
      not to, assume the defense of a claim shall not be obligated to pay the fees
      and
      expenses of more than one counsel for all parties indemnified by such
      indemnifying party with respect to such claim, unless in the reasonable judgment
      of any indemnified party a conflict of interest may exist between such
      indemnified party and any other of such indemnified parties with respect to
      such
      claim.

     

        (d)    
       If
      the
      indemnification provided for in this Section 6.8 is held by a court of
      competent jurisdiction to be unavailable to an indemnified party with respect
      to
      any losses, claims, damages or liabilities referred to herein, the indemnifying
      party, in lieu of indemnifying such indemnified party thereunder, shall to
      the
      extent permitted by applicable law contribute to the amount paid or payable
      by
      such indemnified party as a result of such loss, claim, damage or liability
      in
      such proportion as is appropriate to reflect the relative fault of the
      indemnifying party on the one hand and of the indemnified party on the other
      in
      connection with the violation(s) described in Section 6.8(a) that resulted
      in
      such loss, claim, damage or liability, as well as any other relevant equitable
      considerations. The relative fault of the indemnifying party and of the
      indemnified party shall be determined by a court of law by reference to, among
      other things, whether the untrue or alleged untrue statement of a material
      fact
      or the omission to state a material fact relates to information supplied by
      the
      indemnifying party or by the indemnified party and the parties’ relative intent,
      knowledge, access to information and opportunity to correct or prevent such
      statement or omission; provided,
      that in
      no event shall any contribution by a Selling Stockholder hereunder exceed the
      net proceeds from the sale of the Restricted Stock purchased by Selling
      Stockholder hereunder.

     

        (e)     
      The
      indemnification provided for under this Agreement shall remain in full force
      and
      effect regardless of any investigation made by or on behalf of the indemnified
      party or any officer, director or controlling Person of such indemnified party
      and shall survive the transfer of securities. The Company also agrees to make
      such provisions as are reasonably requested by any indemnified party for
      contribution to such party in the event the Company’s indemnification is
      unavailable for any reason. 

     

    7.  Confidentiality.
      Purchaser acknowledges and agrees that:

     

    (a)  All
      of
      the information contained herein and in the other Offering Documents is of
      a
      confidential nature and may be regarded as material non-public information
      under
      Regulation FD of the Securities Act.

     

    (b)  This
      Agreement and the other Offering Documents have been furnished to Purchaser
      by
      the Company for the sole purpose of enabling Purchaser to consider and evaluate
      an investment in the Company, and will be kept confidential by Purchaser and
      not
      used for any other purpose.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    (c)  The
      existence of this Agreement and the information contained herein shall not,
      without the prior written consent of the Company, be disclosed by Purchaser
      to
      any person or entity, other than Purchaser’s personal financial and legal
      advisors for the sole purpose of evaluating an investment in the Company, and
      Purchaser will not, directly or indirectly, disclose or permit Purchaser’s
      personal financial and legal advisors to disclose, any of such information
      without the prior written consent of the Company.

     

    (d)  Purchaser
      shall make its representatives aware of the terms of this Section 7 and to
      be
      responsible for any breach of this Agreement by such representatives.

     

    (e)  Purchaser
      shall not, without the prior written consent of the Company, directly or
      indirectly, make any statements, public announcements or release to trade
      publications or the press with respect to the subject matter of this Agreement
      and the other Offering Documents. 

     

    (f)  If
      Purchaser decides to not pursue further investigation of the Company or to
      not
      participate in the Offering, Purchaser will promptly return this Agreement,
      the
      other Offering Documents and any accompanying documentation to the
      Company.

     

    8.  Non-Public
      Information.
      Purchaser acknowledges that information concerning the matters that are the
      subject matter of this Agreement may constitute material non-public information
      under United States federal securities laws, and that United States federal
      securities laws prohibit any person who has received material non-public
      information relating to the Company from purchasing or selling securities of
      the
      Company, or from communicating such information to any person under
      circumstances in which it is reasonably foreseeable that such person is likely
      to purchase or sell securities of the Company. Accordingly, until such time
      as
      any such non-public information has been adequately disseminated to the public,
      Purchaser shall not purchase or sell any securities of the Company, or
      communicate such information to any other person.

     

    9.  Entire
      Agreement. This Agreement contains the entire agreement between the parties
      and
      supersedes all prior agreements and understandings, both written and oral,
      between the parties with respect to the subject matter hereto, and no party
      shall be liable or bound to any other party in any manner by any warranties,
      representations, guarantees or covenants except as specifically set forth in
      this Agreement. Nothing in this Agreement, express or implied, is intended
      to
      confer upon any party other than the parties hereto or their respective
      successors and assigns any rights, remedies, obligations or liabilities under
      or
      by reason of this Agreement, except as expressly provided in this
      Agreement.

     

    10.  Amendment
      and Modification. This Agreement may not be amended, modified or supplemented
      except by an instrument or instruments in writing signed by the Company and
      the
      holders of a majority of the Shares sold in the Offering.

     

    11.  Extensions
      and Waivers. At any time prior to the Closing, the parties hereto entitled
      to
      the benefits of a term or provision may (a) extend the time for the performance
      of any of the obligations or other acts of the parties hereto, (b) waive any
      inaccuracies in the representations and warranties contained herein or in any
      document, certificate or writing delivered pursuant hereto, or (c) waive
      compliance with any obligation, covenant, agreement or condition contained
      herein. Any agreement on the part of a party to any such extension or waiver
      shall be valid only if set forth in an instrument or instruments in writing
      signed by the by the Company and the holders of a majority of the Shares sold
      in
      the Offering. No failure or delay on the part of any party hereto in the
      exercise of any right hereunder shall impair such right or be construed to
      be a
      waiver of, or acquiescence in, any breach of any representation, warranty,
      covenant or agreement.

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    12.  Successors
      and Assigns. This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective successors and assigns; provided, however, that no party
      hereto may assign its rights or delegate its obligations under this Agreement
      without the express prior written consent of the other party hereto. Except
      as
      provided in Sections 5 and 6, nothing in this Agreement is intended to confer
      upon any person not a party hereto (and their successors and assigns) any
      rights, remedies, obligations or liabilities under or by reason of this
      Agreement.

     

    13.  Survival
      of Representations, Warranties and Covenants. The representations and warranties
      contained herein shall survive the Closing and shall thereupon terminate 18
      months from the Closing, except that the representations contained in Sections
      3(a), 3(b), 4(a), and 4(b) shall survive indefinitely. All covenants and
      agreements contained herein which by their terms contemplate actions following
      the Closing shall survive the Closing and remain in full force and effect in
      accordance with their terms. All other covenants and agreements contained herein
      shall not survive the Closing and shall thereupon terminate.

     

    14.  Headings;
      Definitions. The Section headings contained in this Agreement are inserted
      for
      convenience of reference only and will not affect the meaning or interpretation
      of this Agreement. All references to Sections contained herein mean Sections
      of
      this Agreement unless otherwise stated. All capitalized terms defined herein
      are
      equally applicable to both the singular and plural forms of such
      terms.

     

    15.  Severability.
      If any provision of this Agreement or the application thereof to any person
      or
      circumstance is held to be invalid or unenforceable to any extent, the remainder
      of this Agreement shall remain in full force and effect and shall be reformed
      to
      render the Agreement valid and enforceable while reflecting to the greatest
      extent permissible the intent of the parties.

     

    16.  Notices.
      All notices hereunder shall be sufficiently given for all purposes hereunder
      if
      in writing and delivered personally, sent by documented overnight delivery
      service or, to the extent receipt is confirmed, telecopy, telefax or other
      electronic transmission service to the appropriate address or number as set
      forth below:

     

    If
      to
      the Company:

     

    Zone
      Mining Limited

    111
      Presidential Boulevard, Suite 165

    Bala
      Cynwyd, PA 19004

    Attention:
      Chief Executive Officer

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    with
      a
      copy to:

     

    Fox
      Rothschild LLP

    997
      Lenox
      Drive

    Building
      3

    Lawrenceville,
      NJ 08648-2311

    Attention:
      Vincent A. Vietti, Esquire

    

    If
      to
      Purchaser:

     

    To
      that
      address indicated on the signature page hereof.

     

    17.  Governing
      Law. This Agreement shall be governed by and construed in accordance with the
      laws of the Commonwealth of Pennsylvania, without regard to the laws that might
      otherwise govern under applicable principles of conflicts of laws thereof,
      except to the extent that the General Corporation Law of the State of Nevada
      shall apply to the internal corporate governance of the Company.

     

    18.  Arbitration.
      If a dispute arises as to the interpretation of this Agreement, it shall be
      decided in an arbitration proceeding conforming to the Rules of the American
      Arbitration Association applicable to commercial arbitration then in effect
      at
      the time of the dispute. The arbitration shall take place in Philadelphia,
      Pennsylvania. The decision of the arbitrators shall be conclusively binding
      upon
      the parties and final and such decision shall be enforceable as a judgment
      in
      any court of competent jurisdiction. The parties shall share equally the costs
      of the arbitration.

     

    19.  Counterparts.
      This Agreement may be executed and delivered by facsimile in two or more
      counterparts, each of which shall be deemed to be an original, but all of which
      together shall constitute one and the same agreement.

    

    [Signature
      page follows]

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, intending to be legally bound, the parties hereto have caused
      this Agreement to be executed as of the date set forth below.

     

     

    
      	
               

               

               

               

              Date:
                ____________________

            	
              PURCHASER

               

               

               

              ___________________________________

               

               

               

              By:
                ________________________________

              Name:___________________________

              Title:____________________________

              Address:_________________________

              ________________________________

              ________________________________

                     
Social
                Security 

              
                       
                  or Tax ID No.:_____________________

              

            
	
               

            	
               

               

            
	
               

            	
               

            
	
               

            	
              Number
                of Shares Purchased:_____________

               

              Aggregate
                Purchase Price: $______________

               

              ________________
                Shares @ $1.00 per Share

            
	
               

            	
               

              Delivery
                Instructions (if different from Address):

               

              ____________________________________

              ____________________________________

              ____________________________________

               

            
	
               

            	
               

            
	
               

               

               

              Date:____________________

            	
              ZONE
                MINING LIMITED

               

               

              By:_________________________________

              Name:_______________________________

              Title:________________________________

            
	
               

            	
               

            
	
               

            	
               

            

    

    

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    SUMMARY
      OF TERMS OF PROPOSED TRANSACTION

    

    Below
      is
      a summary of certain of the material terms of the proposed transaction with
      Reliant Partners, LLC 

     

    
      	The Parties:	
              Zone Mining Limited (“ZM”), Reliant Partners LLC
                (“Reliant”), and Jason W. Kincaid (“Kincaid”), the sole member of
                Reliant.

               

            	 
	Purchase Price:	
              1,000,000 shares of Common Stock and $100,000
                to be paid
                at closing. Additional cash payments to be made 5 and 45 days after
                closing based on the value of certain loan originations and certain
                accounts receivable of Reliant and $400,000 to be paid 6 months after
                closing.

               

            	 
	Employment Agreement:	
              One (1) year annual renewable employment agreement
                with
                Kincaid to serve as an officer of the Company at an annual base salary
                of
                $200,000.

               

            	 
	Closing conditions:	Execution of a definitive
              purchase
              agreement and the satisfaction or waiver of all closing conditions
              which
              will include delivery of audited financial statements of Reliant and
              standard and customary approvals and representations.  	 

    

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      B

     

    INFORMATION
      REGARDING RELIANT PARTNERS, LLC.

     

    Reliant
      is a San Diego, California based company engaged in the business of direct
      marketing and sales of federal consolidation loans. 

     

     

    25

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