Document:

Restricted Stock Agreement

 Exhibit 10.35 
 REDBACK NETWORKS INC. 
 1999 STOCK INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 
 Unless
otherwise defined herein, capitalized terms defined in the 1999 Stock Incentive Plan shall have the same defined meanings in this Restricted Stock Agreement (the “Agreement”). 
 I. NOTICE OF RESTRICTED STOCK GRANT 
  

			
	 Name:
	  	Paul Giordano
		
	Address:	  	

 The undersigned Outside Director has been granted Restricted Shares, subject to the terms and
conditions of the Plan and this Restricted Stock Agreement, as follows: 
  

			
	Grant Date:	 	November 3, 2005
		
	Vesting Commencement Date:	 	November 3, 2005
		
	Restricted Shares:	 	25,000
		
	 Vesting Schedule:
	 	

 1/24th of the Restricted Shares shall vest after the expiration of each month following the Vesting Commencement Date such that 100% of the Restricted Shares shall be vested on the two-year anniversary of
the Vesting Commencement Date, subject to the Outside Director’s continued service as a member of the Company’s Board through each relevant vesting date. 
 Notwithstanding the foregoing, if the Outside Director is removed from the Board or voluntarily resigns from the Board at the request of the acquiror within one year following a Change in Control, the Restricted
Shares shall partially accelerate and become vested and exercisable with respect to the number of shares that would have otherwise vested within the 12 months following the date of the Outside Director’s termination of service as though the
Outside Director had remained in service as a member of the Company’s Board through such date. 
 II. TERMS OF THE AGREEMENT 
 1. Grant. The Company hereby grants to the individual named in the Notice of Restricted Stock Grant an award for that number of Restricted Shares
set forth in the Notice of Restricted Stock Grant in exchange for the par value ($0.0001 per share) of the Restricted Shares, commencing on the date hereof, subject to all of the terms and conditions in this Agreement and the Plan, which is
incorporated herein by reference. 

 2. Shares Held in Escrow. Unless and until the Restricted Shares shall have vested in the manner
set forth in Sections 3 or 4 herein, such shares shall be issued in the name of the Outside Director and held by the Secretary of the Company as escrow agent (the “Escrow Agent”), and shall not be sold, transferred, assigned, or
otherwise disposed of, and shall not be pledged, alienated, or otherwise hypothecated. The Company may instruct the transfer agent for its Common Stock to place a legend on the certificates representing the Restricted Shares or otherwise note on its
records as to the restrictions on transfer set forth in this Agreement and the Plan. The certificate or certificates representing such shares shall not be delivered by the Escrow Agent to the Outside Director unless and until the shares have vested
and all other terms and conditions in this Agreement have been satisfied. The Restricted Shares will be released from escrow as soon as practicable after the shares vest. 
 The Outside Director shall, upon execution of this Agreement, deliver and deposit with the Escrow Agent the share certificates representing the Restricted Shares, together with the Assignment Separate from Certificate
(the “Stock Assignment”) duly endorsed in blank, attached hereto as Appendix A. The unvested Restricted Shares and Stock Assignment shall be held by the Escrow Holder until such time as the Restricted Shares vest and are released
from escrow. 
 3. Vesting Schedule. Except as provided in Section 4, and subject to Section 5, the Restricted Shares
awarded by this Agreement shall vest in the Outside Director according to the vesting schedule set forth in the Notice of Restricted Stock Grant. 
 4. Committee Discretion. The Committee, in its absolute discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested Restricted Shares at any time. If so accelerated, such shares shall
be considered as having vested as of the date specified by the Committee. 
 5. Forfeiture. Except as provided in Section 4, and
notwithstanding any contrary provision of this Agreement, the balance of the Restricted Shares which have not vested at the time of the Outside Director’s termination of status as a member of the Company’s Board (“Termination of
Service”) shall thereupon be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company. The Outside Director hereby appoints the Escrow Agent with full power of substitution, as the Outside
Director’s true and lawful attorney-in-fact with irrevocable power and authority in the name and on behalf of the Outside Director to take any action and execute all documents and instruments, including, without limitation, stock powers which
may be necessary to transfer the certificate or certificates evidencing such unvested shares to the Company upon such Termination of Service. 
 6. Death of Outside Director. Any distribution or delivery to be made to the Outside Director under this Agreement shall, if the Outside Director is then deceased, be made to the Outside Director’s designated beneficiary, or if
no beneficiary survives the Outside Director, to the administrator or executor of the Outside Director’s estate. Any designation of a beneficiary by the Outside Director shall be effective only if such designation is made in a form and manner
acceptable to the Committee. Any transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any
laws or regulations pertaining to said transfer. 

 7. Rights as Stockholder. Neither the Outside Director nor any person claiming under or through
the Outside Director shall have any of the rights or privileges of a stockholder of the Company in respect of any shares deliverable hereunder unless and until certificates representing such shares shall have been issued, recorded on the records of
the Company or its transfer agents or registrars, and delivered to the Outside Director or the Escrow Agent. Except as provided in Section 8, after such issuance, recordation and delivery, the Outside Director shall have all the rights of a
stockholder of the Company with respect to voting such shares and receipt of dividends and distributions on such shares. 
 8. Changes in
Stock. In the event that as a result of a stock dividend, stock split, reverse stock split, reclassification, recapitalization, combination of shares or the adjustment in capital stock of the Company or otherwise, or as a result of a merger,
consolidation, spin-off, or other reoganization, the Company’s shares shall be increased, reduced or otherwise changed, and by virtue of any such change the Outside Director shall in his or her capacity as owner of unvested Restricted Shares
which have been awarded to him or her (the “Prior Shares”) be entitled to new or additional or different shares of stock, securities or cash; such new or additional or different shares, securities or cash shall thereupon be
considered to be unvested Restricted Shares and shall be subject to all of the conditions and restrictions which were applicable to the Prior Shares pursuant to this Agreement and the Plan. If the Outside Director receives rights or warrants with
respect to any Prior Shares, such rights or warrants may be held or exercised by the Outside Director, provided that until such exercise any such rights or warrants and after such exercise any shares or other securities acquired by the exercise of
such rights or warrants shall be considered to be unvested Restricted Shares and shall be subject to all of the conditions and restrictions which were applicable to the Prior Shares pursuant to the Plan and this Agreement. The Administrator in its
absolute discretion at any time may accelerate the vesting of all or any portion of such new or additional shares of stock, securities, cash, rights or warrants to purchase securities or shares or other securities acquired by the exercise of such
rights or warrants. 
 9. Tax Consequences. Set forth below is a brief summary, as of the date of grant of Restricted Shares, of some
of the federal tax consequences arising from the grant of Restricted Shares and the disposition of such shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. 
 9.1 Grant of Restricted Shares. Generally, no income will be recognized by the Outside Director in connection with the grant of unvested
Restricted Shares, unless an election under Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”) is filed with the Internal Revenue Service within 30 days of the Grant Date. Otherwise, as the Restricted
Shares vest, the Outside Director will recognize compensation income in an amount equal to the difference between the fair market value of the Restricted Shares at the time the shares vest and the amount paid for the stock, if any (the
“Spread”). Generally, the Spread will be subject to tax withholding by the Company, and the Company will be entitled to a tax deduction in the amount and at the time the Outside Director recognizes compensation income with respect
to the Restricted Shares. 
 9.2 Section 83(b) Election. The Outside Director may elect to be taxed (and commence his capital
gains holding period for the Restricted Shares) at the time the Restricted Shares are granted rather than when any applicable forfeiture expires by filing an election under Section 83(b) of the Code with the United States Internal Revenue
Service within 30 days from the Grant Date. The form for making this election is attached as Appendix B hereto. THE OUTSIDE DIRECTOR ACKNOWLEDGES THAT IT IS THE OUTSIDE DIRECTOR’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO FILE
TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF THE OUTSIDE DIRECTOR REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE HIS OR HER BEHALF. If the Outside Director files an election under Section 83(b), the Outside
Director must pay the applicable income tax on any excess of the fair market value of the Restricted Shares at the time of the Grant Date over the amount paid for the unvested Restricted Shares, if any. However, if the Outside Director’s
service with the Company subsequently terminates before the Restricted Shares vest, the Outside Director will not be entitled to any refund of the taxes paid on the unvested Restricted Shares. 

 9.3 Disposition of Shares. Upon a disposition of the Restricted Shares, any gain or loss is
treated as capital gain or loss. If the shares are held for at least one year, any gain realized on disposition of the shares will be treated as long-term capital gain for federal income tax purposes. Long-term capital gains are grouped and netted
by holding periods. Net capital gains on assets held for more than 12 months is currently capped at 15%. Capital losses are allowed in full against capital gains, and up to $3,000 against other income. 
 The Outside Director has reviewed with the Outside Director’s own tax advisors the federal, state, local and foreign tax consequences of this
investment and the transactions contemplated by this Agreement. The Outside Director is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Outside Director understands that the
Outside Director (and not the Company) shall be responsible for the Outside Director’s own tax liability that may arise as a result of the transactions contemplated by this Agreement. 
 10. Address for Notices. Any notice to be given to the Company under the terms of this Agreement shall be addressed to the Company, in care of its
Secretary, at Redback Networks Inc., 300 Holger Way, San Jose, CA 95134 (fax: 408-750-5599) or at such other address as the Company may hereafter designate in writing. 
 11. Grant is Not Transferable. Except as provided in Section 6, this grant and the rights and privileges conferred hereby shall not be transferred, assigned, pledged or hypothecated in any way (whether by
operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred
hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately shall become null and void. 
 12. Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Agreement shall be binding upon and
inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 13. Conditions for
Issuance of Certificates for Stock. The shares deliverable to the Outside Director may be either previously authorized but unissued shares or issued shares that have been reacquired by the Company. The Company shall not be required to issue any
certificate or certificates for shares hereunder prior to fulfillment of all the following conditions: (a) the admission of such shares to listing on all stock exchanges on which such class of stock is then listed; (b) the completion of
any registration or other qualification of such shares under any state or federal law or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Committee shall, in its absolute
discretion, deem necessary or advisable; (c) the obtaining of any approval or other clearance from any state or federal governmental agency, which the Committee shall, in its absolute discretion, determine to be necessary or advisable; and
(d) the lapse of such reasonable period of time following the date of grant of the Restricted Stock as the Committee may establish from time to time for reasons of administrative convenience. 
 14. Plan Governs. This Agreement is subject to all terms and provisions of the Plan. In the event of a conflict between one or more provisions of
this Agreement and one or more provisions of the Plan, the provisions of the Plan shall govern. 
 15. Captions. Captions provided
herein are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 
 16. Agreement
Severable. In the event that any provision in this Agreement shall be held invalid or unenforceable, such provision shall be severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the remaining
provisions of this Agreement. 

 17. Modifications to the Agreement. This Agreement constitutes the entire understanding of the
parties on the subjects covered. The Outside Director expressly warrants that he or she is not executing this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement
or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. 
 By Outside
Director’s signature below, Outside Director represents that he or she is familiar with the terms and provisions of the Plan, and hereby accepts this Agreement subject to all of the terms and provisions thereof. Outside Director has reviewed
the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of this Agreement. Outside Director agrees to accept as binding, conclusive
and final all decisions or interpretations of the Administrator upon any questions arising under the Plan or this Agreement. Outside Director further agrees to notify the Company upon any change in the residence indicated in the Notice of Restricted
Stock Grant. 
  

					
	 OUTSIDE DIRECTOR
	 		 	REDBACK NETWORKS INC.
			
	  
  
	 		 	  

	 Signature
	 		 	By
	  
 Paul Giordano
  
	 		 	  
 Kevin A. Denuccio
  

	Print Name	 		 	Title President and CEO
		 		 	
	  
  
	 		 	
			
	  
  
	 		 	
			
	  
  
	 		 	
	 Residence Address
	 		 	

 APPENDIX A  
 ASSIGNMENT SEPARATE FROM CERTIFICATE 
 FOR VALUE RECEIVED
I,                                     , hereby sell,
assign and transfer unto Redback Networks Inc.                                 
(            ) shares of the Common Stock of Redback Networks Inc. standing in my name of the books of said corporation represented by Certificate
No.     herewith and do hereby irrevocably constitute and appoint
                             to transfer the said stock on the books of the within named
corporation with full power of substitution in the premises. 
 This Stock Assignment may be used only in accordance with the Restricted
Stock Purchase Agreement between Redback Networks Inc. and the undersigned dated                        ,
             (the “Agreement”). 
  

							
	 Dated:
	 	                        ,
            	 	Signature:	 	  

		 		 		 	  

 INSTRUCTIONS: Please do not fill in any blanks other than the signature line. The purpose of this assignment is to
enable the Company to exercise its “repurchase option,” as set forth in the Agreement, without requiring additional signatures on the part of the Outside Director. 

 APPENDIX B  
 ELECTION UNDER SECTION 83(b) 
 OF THE INTERNAL REVENUE CODE OF 1986 
 The undersigned taxpayer hereby elects, pursuant to the above-referenced Federal Tax Code, to include in taxpayer’s gross income for the current taxable year, the
amount of any compensation taxable to taxpayer in connection with his receipt of the property described below: 
  

	1.	The name, address, taxpayer identification number and taxable year of the undersigned are as follows: 

  

					
	NAME:	  	TAXPAYER: Paul Giordano	    	SPOUSE:
			
	ADDRESS:	  		    	
			
	IDENTIFICATION NO.:	  	TAXPAYER:	    	SPOUSE:
			
	TAXABLE YEAR:	  		    	

  

	2.	The property with respect to which the election is made is described as
follows:                             shares (the “Shares”) of the common stock of
Redback Networks Inc. (the “Company”). 

  

	3.	The date on which the property was transferred
is:                         , 200    . 

  

	4.	The property is subject to the following restrictions: 

 The Shares may be forfeited to the Company, or its assignee, on certain events. This right lapses with regard to a portion of the Shares based on the continued performance of services by the taxpayer over time. 
  

	5.	The fair market value at the time of transfer, determined without regard to any restriction other than a restriction which by its terms will never lapse, of such property is:
[            ] 

  

	6.	The amount (if any) paid for such property is: [            ] 

 The undersigned has submitted a copy of this statement to the person for whom the services were performed in connection with the undersigned’s
receipt of the above-described property. The transferee of such property is the person performing the services in connection with the transfer of said property. 
 The undersigned understands that the foregoing election may not be revoked except with the consent of the Commissioner. 
  

							
	Dated:	 		 	                        ,
            	 	  

		 		 		 	Paul Giordano, Taxpayer

 The undersigned spouse of taxpayer joins in this election. 
  

							
	Dated:	 		 	                        ,
            	 	  

		 		 		 	Spouse of TaxpayerExhibit 10.1
                            SHARE EXCHANGE AGREEMENT
                                       AND
                             PLAN OF REORGANIZATION

DATE:    March 23, 2006

BETWEEN: Pacel Corp. a Nevada corporation
         7621 Little Ave., Suite 101
         Charlotte, NC 28226                          ("Pacel")

AND:     Antoinette Peterson, owner of all  of the issued and outstanding
         shares of common stock of World Wide Personnel Services of Maine, Inc.,
         a Maine corporation
                                                      ("Peterson")

                                    RECITALS

         A. Peterson owns 100% of the issued and outstanding shares ("Peterson
Shares") of World Wide Personnel Services of Maine, Inc., a Maine corporation,
which operates a professional services organization in the State of Maine ("
World Wide").

         B. Pacel desires to acquire the Peterson Shares.

         C. Previously, Pacel and Peterson executed a Share Exchange Agreement
dated March 7, 2006 pursuant to which Pacel acquired from Peterson all of the
issued and outstanding common stock of United Personnel Services, Inc. ("United
Shares") and pursuant to which Peterson agreed to transfer the Peterson Shares
and the World Wide Shares in exchange for the issuance of Pacel's Series "C"
Convertible Preferred Stock. ("Series "C" Stock").

         D. Pacel and Peterson intend by the execution of this Agreement to
adopt and qualify a plan of reorganization within the meaning of Section 368 (b)
of the Internal Revenue Code of 1986, as amended, pursuant to the terms and
conditions of this Agreement.

         NOW, THEREFORE, in consideration of the mutual promises and agreements
set forth herein, the parties hereto do hereby agree as follows:

                                    AGREEMENT

         1. EFFECTIVE DATE The effective date of this Agreement shall be April
1, 2006. ("Effective Date").

         2. EXCHANGE OF SHARES. At the Closing, as defined in Section 9 of this
Agreement, Peterson shall assign, transfer and deliver to Pacel the Peterson
Shares. In exchange for the Peterson Shares and the United Shares, Pacel shall
issue to Peterson 500,000 shares of the Series "C" Stock. The Series "C" Stock
shall have the rights and limitations as set forth in the Certificate of
Designation, attached hereto as Exhibit "A" and incorporated by reference. The
assignment, transfer, and delivery by Peterson of the Peterson Shares to Pacel
shall be effected on the Closing Date by Peterson's execution and delivery of
documents and instruments necessary to assign, transfer, and deliver the
Peterson Shares, free and clear of any and all liens, encumbrances, security
interests, claims and other restrictions or charges of any kind whatsoever.

Page 1 - Share Exchange Agreement and Plan of Reorganization
<PAGE>
         3. EMPLOYMENT AGREEMENT

                  (a) The parties acknowledge that the willingness of Pacel to
enter into this Agreement is contingent upon the ability of Pacel, as more
particularly described in Section 10 herein, to retain the services of
Antoinette Peterson and her husband, Michael Peterson, United and World Wide,
respectively.

                  (b) Within thirty (30) days of the Effective Date, Pacel and
Michael Peterson and Antoinette Peterson, respectively, shall negotiate and
agree upon compensation and other terms and conditions of their respective
employment agreements between Pacel and/or its subsidiaries and affiliates and
the Petersons ("Employment Agreements") based on the summary "Outline of
Employment Agreement Between Pacel and Peterson attached hereto as Exhibit "B"
and incorporated by this reference. Such terms and conditions agreed upon
between the parties shall be memorialized in separate Employment Agreements
within the time frame set forth in this section and shall be executed by the
parties thereto concurrent with the Closing of this Agreement.

         4. DUE DILIGENCE REVIEW Pacel and Peterson shall permit their
respective employees, agents, accountants, legal counsel and other
representatives to have access to each others books, records, employees,
counsel, accountants, and other representatives at all reasonable times for the
purpose of conducting their respective due diligence investigation. Each party
will make available to the other for examination and reproduction all documents
and data of every kind and character relating to this Agreement and the
transactions contemplated hereby, in possession or control of, or subject to
reasonable access by either party. All such due diligence investigation shall be
completed and each party shall notify the other in writing of the satisfaction
or removal of this due diligence review condition within thirty (30) days of the
Effective Date. Upon mutual agreement of the parties, additional time may be
allowed to complete such due diligence investigation. Should a party ("Reviewing
Party") become aware of any information during its due diligence investigation
which, in the opinion of the Reviewing Party, could have material adverse impact
on this Agreement and/or the transactions contemplated hereby, the Reviewing
Party shall immediately notify the other party ("Receiving Party") in writing of
such information and the concerns which such information has caused. The
Receiving Party shall have a reasonable time to respond to those concerns. In
the event that the concerns cannot be resolved to the satisfaction of the
Reviewing Party, the Reviewing Party shall have the right to terminate this
Agreement without further liability hereunder. Each party shall bear the costs
and expenses of its own due diligence investigation hereunder, including the
fees and expenses of professional advisors.

         5. CONDUCT OF BUSINESS; INTERIM OPERATIONS Pending the Closing of this
Agreement and the transactions contemplated thereby, Peterson shall use her best
efforts to conduct the business of World Wide in a reasonable and prudent manner
in accordance with its past practices, to preserve its existing business
organizations and relationships with its employees, customers, clients and
others with whom it has a business relationship, to preserve and protect its
properties, and to conduct its business in compliance with applicable laws and
regulations. Without the prior written consent of Pacel, World Wide shall not:

                  (a) merge into or with or consolidate with, any other
corporation;

                  (b) amend its articles of incorporation or bylaws;

                  (c) issue any capital stock or other securities, or grant or
enter into any agreement to grant, any options, convertible rights, warrants,
calls, or agreements relating to its securities;

                  (d) enter into, or terminate, any material agreement;

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<PAGE>
                  (e) engage in any one or more activities or transactions
outside the ordinary course of business;

                  (f) enter into any transaction or make any commitment which
could result in any of the warranties and representations of Peterson contained
in this Agreement not being true and correct after the occurrence of such
transaction or event.

         6. WARRANTIES AND REPRESENTATIONS OF PETERSON Peterson warrants and
represents to Pacel, as of the date hereof, as follows:

                  (a) World Wide is a corporation duly organized under the laws
of the State of Maine, validly existing and in good standing, authorized to
exercise all its corporate powers, rights and privilege and has the corporate
power and authority to own and operate its properties and to carry on its
business as now conducted.

                  (b) Peterson has all requisite legal and corporate power to
execute and deliver this Agreement, consummate the transactions contemplated
hereby and perform its obligations hereunder.

                  (c) All corporate action on the part of World Wide necessary
for the authorization, execution, delivery and performance of all obligations
under this Agreement will be taken and this Agreement constitutes a legal, valid
and binding obligation enforceable according to its terms.

                  (d) Peterson has, and will have at Closing, legal and
beneficial ownership of Peterson Shares, free and clear of any and all liens and
encumbrances or other restrictions or limitations and has, and will have at
Closing, all required legal and corporate power to transfer and convey Peterson
Shares to Pacel.

                  (e) There are no claims, actions, suits, investigations or
proceedings against Peterson or World Wide pending or, to the knowledge of
Peterson, threatened in any court or before or by any governmental authority, or
before any arbitrator, that might have an adverse effect on World Wide or
Peterson Shares, and to the knowledge of Peterson, there is no basis for any
such claim, action, suit, investigation or proceeding that is likely to result
in a judgment, decree or order having an adverse effect on World Wide or
Peterson Shares. Peterson and World Wide are not in default under, and no
condition exists that would (i) constitute a default under, or breach or
violation of, any legal requirement, permit or contract applicable to Peterson
or United, or (ii) accelerate or permit the acceleration of the performance
required under, or give any party the right, to terminate any contract.

                  (f) No suit, action or other proceeding is pending or, or to
the knowledge of Peterson, threatened before any governmental authority seeking
to restrain Peterson or prohibit its entry into this Agreement or prohibit the
Closing, or seeking damages against Peterson or World Wide as a result of the
consummation of this Agreement.

                  (g) Neither the execution and delivery of this Agreement nor
the carrying out of any of the transactions contemplated hereby will:

                           i.       violate or conflict with any of the terms
                                    and conditions or provisions of the articles
                                    of incorporation or bylaws of United;

Page 3 - Share Exchange Agreement and Plan of Reorganization
<PAGE>
                           ii.      violate any legal requirement applicable to
                                    Peterson or United

                           iii.     violate, conflict with, result in a breach
                                    of, constitute a default under, or
                                    accelerate or permit the acceleration of the
                                    performance required by, or give any other
                                    party the right to terminate, any contract
                                    or permit applicable to Peterson or United;

                           iv.      result in the creation of any lien, charge
                                    or other encumbrance on any property of
                                    Peterson or World Wide other than as
                                    provided for herein; or

                           v.       require Peterson or World Wide to obtain or
                                    make any waiver, consent, action, approval
                                    or authorization of, or registration,
                                    declaration, notice or filing with, any
                                    private non-governmental third party or any
                                    governmental authority.

         7. WARRANTIES AND REPRESENTATIONS OF PACEL Pacel warrants and
represents to Peterson as follows:

                  (a) Pacel is a corporation duly organized under the laws of
the State of Nevada, validly existing and in good standing, is authorized to
exercise all its corporate powers, rights and privileges and has the corporate
power and authority to own and operate its properties and to carry on its
businesses as now conducted.

                  (b) Pacel has all requisite legal and corporate power to
execute and deliver this Agreement, consummate the transactions contemplated
hereby and perform its obligations hereunder.

                  (c) All corporate action on Pacel's part necessary for the
authorization, execution, delivery and performance of all obligations under this
Agreement and for the issuance and delivery of the Pacel Shares will be taken,
and this Agreement constitutes a legal, valid and binding obligation of Pacel
enforceable according to its terms.

                  (d) Neither the execution and delivery of this Agreement nor
the carrying out of any of the transactions contemplated hereby will:

                           i.       violate or conflict with any of the terms
                                    and conditions or provisions of the articles
                                    of incorporation or bylaws of Pacel;

                           ii.      violate any legal requirement applicable to
                                    Pacel;

                           iii.     violate, conflict with, result in a breach
                                    of, constitute a default under, or
                                    accelerate or permit the acceleration of the
                                    performance required by, or give any other
                                    party the right to terminate, any contract
                                    or permit applicable to Pacel;

                           iv.      result in the creation of any lien, charge
                                    or other encumbrance on any property of
                                    Pacel; or

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<PAGE>
                           v.       require Pacel to obtain or make any waiver,
                                    consent, action, approval or authorization
                                    of, or registration, declaration, notice or
                                    filing with, any private non-governmental
                                    third party or any governmental authority.

                  (e) The Pacel Shares, when issued and delivered in accordance
with the terms of this Agreement and for the consideration expressed herein,
shall be duly and validly issued, fully paid and non-assessable.

                  (f) No suit, action or other proceeding is pending or, to
Pacel's best knowledge, threatened before any governmental authority seeking to
restrain Pacel or prohibit entry into this Agreement or prohibit the Closing, or
seeking damages against Pacel or its properties as a result of the consummation
of this Agreement.

                  (g) The current authorized capital stock of Pacel consists of
Ten Billion (10,000,000,000) shares of common stock, $0.001 par value per share,
of which 4,445,584 shares are issued and outstanding and One Million (1,000,000)
shares of 1997 Series "A" Preferred Stock, of which 1,000,000 are issued and
outstanding. There are no other securities, options, warrants, or other rights
to purchase any securities of Pacel outstanding. All outstanding securities of
Pacel are duly and validly issued, are fully paid and non-assessable and were
issued in compliance with all applicable federal and state securities laws.

         8. COVENANTS.

                  8.1 APPROVAL OF DIRECTORS Prior to the effective date of this
Agreement, Pacel and World Wide , to the extent required, shall each hold a
special meeting of their respective Boards of Directors to approve the Agreement
and the transactions contemplated thereby.

                  8.2 THIRD PARTY CONSENTS Pacel and Peterson each agree to use
their respective best efforts to obtain, as soon as reasonably practicable, all
permits, authorizations, consents, waivers and approvals from third parties or
governmental authorities necessary to consummate this Agreement and the
transactions contemplated hereby.

         9. CLOSING Subject to the satisfaction of the conditions set forth in
Section 10 and Section 11 of this Agreement, the closing of the transactions
contemplated hereby ("Closing") shall be held at the office of Pacel in North
Carolina. The date upon which the Closing occurs is hereinafter referred to as
the "Closing Date". If by the close of business on March 23, 2006, Closing has
not occurred, then either party hereto may terminate this Agreement by written
notice to such effect to the other party without liability to any other party to
this Agreement unless the reason for the Closing having not occurred is (i) such
party's willful breach of this Agreement, or (ii) , if all of the conditions to
such party's obligations set forth in Section 10 and Section 11 of this
Agreement have been satisfied or waived in writing by the date scheduled for the
Closing, the failure of such party to perform its obligations under this
Agreement on such date. However, any termination pursuant to this Section 9
shall not relieve any party hereto who was responsible for Closing having not
occurred of liability for such party's willful breach of this Agreement or the
failure of such party to perform its obligations under this Section 9 on such
date.

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<PAGE>
         10. CONDITIONS TO OBLIGATIONS OF PACEL The obligations of Pacel to
carry out the transactions contemplated by this Agreement are subject, at the
option of the Pacel, to the satisfaction, or waiver by Pacel, of the following
conditions:

                  (a) All warranties and representations of Peterson contained
in this Agreement shall be true and correct in all material respects as of the
Closing and Peterson shall have performed and satisfied in all material respects
all agreements and covenants required by this Agreement to be performed or
satisfied by it at or prior to the Closing.

                  (b) As of the Closing Date, no suit, action, or other
proceeding, shall be pending or threatened before any court or governmental
agency seeking to restrain Pacel or prohibit the Closing or seeking damages
against Pacel or Peterson or World Wide as a result of the consummation of this
Agreement.

                  (c) Since the date of this Agreement and up to and including
the Closing there have not been:

                           i.       any changes in the business, operations,
                                    prospects or financial condition of World
                                    Wide that had or might have a material
                                    adverse effect on United; or

                           ii.      any damage, destruction or loss to World
                                    Wide that had or might have an adverse
                                    effect on World Wide or Peterson Shares.

                  (d) Peterson shall have furnished Pacel with a copy of all
necessary corporate action on its behalf approving Peterson's execution,
delivery and performance of this Agreement.

                  (e) Pacel shall have completed its due diligence investigation
and the results thereof have not revealed that any of the warranties and
representations of Peterson set forth herein are untrue or incorrect in any
respect or otherwise unsatisfactory to Pacel or that exceptions, if any, have
been resolved to the satisfaction of Pacel.

                  (f) Pacel shall have received written evidence, in form and
substance satisfactory to it, of the consent to the transactions contemplated by
this Agreement of all governmental and private third parties where the absence
of any such consent would result in a violation of law or breach or default
under any agreement to which Peterson is a party.

                  (g) Pacel shall have entered into Employment Agreements with
Michael Peterson and Antoinette Peterson, respectively, as that term is defined
in Section 3 of this Agreement.

         11. CONDITIONS TO OBLIGATIONS OF PETERSON The obligations of Peterson
to carry out the transactions contemplated by this Agreement are subject, at the
option of the Peterson, to the satisfaction or waiver by Peterson, of the
following conditions:

                  (a) Pacel shall have furnished Peterson with copies of all
necessary corporate action on its behalf approving the execution, delivery and
performance of this Agreement.

                  (b) All warranties and representations of Pacel contained in
this Agreement shall be true and correct in all material respects as of the
Closing and Pacel shall have performed and satisfied in all material respects
all agreements and covenants required by this Agreement to be performed or
satisfied by it at or prior to the Closing.

Page 6-  Share Exchange Agreement and Plan of Reorganization
<PAGE>
                  (c) As of the Closing Date, no suit, action, or other
proceeding, shall be pending or threatened before any court or governmental
agency seeking to restrain Peterson or World Wide or prohibit the Closing or
seeking damages against Pacel or Peterson or World Wide as a result of the
consummation of this Agreement.

         12. INDEMNIFICATION Peterson agrees to indemnify and hold harmless
Pacel from and against any and all damages, liabilities, obligations, penalties,
fines, judgments, claims, deficiencies, losses, costs, expenses and assessments
arising out of, resulting from or in any way related to (a) a breach of, or
failure to perform or satisfy any of, the warranties and representations,
covenants and agreements made by Peterson in this Agreement or in any document
or certificate delivered by Peterson at the Closing, or (b) the existence of any
liabilities or obligations of World Wide other than those disclosed in Schedule
13 attached hereto.

         13. PUBLIC ANNOUNCEMENTS Neither party shall issue or approve a news
release or other public announcement concerning the transactions contemplated by
this Agreement without the prior written consent of the other as to the contents
of the announcement and its release, which approval shall not be unreasonably
withheld.

         14. NOTICES All notice, consents, waivers and other communications
required or permitted by this Agreement shall be in writing and shall be deemed
given to a party when (a) delivered to the appropriate address by hand or by
nationally recognized overnight courier service, with costs prepaid; (b) sent by
facsimile or e-mail with confirmation of transmission by the transmitting
equipment; or (c) sent by certified mail, return receipt requested, in each case
to the following addresses, facsimile numbers or e-mail addresses and marked to
the attention of the person designated below:

         To Pacel:
         Gary Musselman
         7621 Little Ave., Suite 101
         Charlotte, NC 28226
         Facsimile: (704) 501-5651
         E-mail: Gmusselman@asmarahr.com

         To: Peterson:
         Antoinette Peterson
         4 Washington Street
         Auburn, ME 04210
         Facsimile: (540) 667-1984
         Toni@worldwideps.com

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<PAGE>
         15. EXPENSES Each party shall bear the costs and expenses of its own
fees and expenses of professional advisors and other costs relating to this
Agreement.

         16. ARBITRATION REQUIRED/MEDIATION FIRST OPTION. Any dispute or claim
that arises out of or that relates to this agreement, or to the interpretation
or breach thereof, or to the existence, scope, or validity of this agreement or
the arbitration agreement, shall be resolved by arbitration in accordance with
the then effective arbitration rules of American Arbitration Association.
Judgment upon the award rendered pursuant to such arbitration may be entered in
any court having jurisdiction thereof. The parties acknowledge that mediation
usually helps parties to settle their dispute. Therefore, any party may propose
mediation whenever appropriate through the organization named above or any other
mediation process or mediator as the parties may agree upon.

         17. BINDING EFFECT This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns;
but neither this Agreement nor any of the rights, benefits or obligations
hereunder shall be assigned, by operation of law or otherwise, by either party
hereto without the prior written consent of the other party, which approval
shall not be unreasonably withheld.

         18. SURVIVAL OF WARRANTIES AND REPRESENTATIONS The warranties and
Representations of the parties as set forth in this Agreement are the exclusive
warranties and representations of the parties. All warranties and
representations, covenants and agreements by the parties to this Agreement shall
expressly survive the Closing.

         19. GOVERNING LAW This Agreement and the documents and instruments
delivered pursuant hereto shall be governed by and construed in accordance with
the laws of the State of North Carolina. Each party hereto irrevocably submits
to the jurisdiction of the court of the State of North Carolina, in any action
or proceeding arising out of or relating to this Agreement. Each party hereto
consents to service of process by any means authorized by applicable law and
waives the defense of an inconvenient form to the maintenance of such action or
proceeding in any such court.

         20. SEVERABILITY The provisions of this Agreement are severable. If any
one or more provisions may be determined to be illegal or otherwise
unenforceable, in whole or in part, the remaining provisions, to the extent
enforceable, shall nevertheless be binding and enforceable.

         21. NON-WAIVER Failure by any party at any time to require performance
of the other party of the provisions of this Agreement shall in no way affect
any party's rights hereunder to enforce the same, nor shall any such waiver by
either party of any breach be held to be a waiver of any succeeding breach or
waiver of this clause.

         22. REMEDIES The rights and remedies provided by this Agreement are
cumulative and the use of any one right or remedy by any party hereto shall not
preclude or constitute a waiver of its rights to use any or all other remedies.
Such rights and remedies are given in addition to any other rights and remedies
a party may have by law, statute or otherwise.

         23. ATTORNEYS' FEES In the event suit or action is brought, or an
arbitration proceeding is initiated, to enforce or interpret any of the
provisions of this agreement, or that arise out of or relate to this agreement,
the prevailing party shall be entitled to reasonable attorney's fees in
connection therewith. The determination of who is the prevailing party and the
amount of reasonable attorney's fees to be paid to the prevailing party shall be
decided by the arbitrator(s) ,with respect to attorney's fees incurred prior to
and during the arbitration proceedings, and by the court or courts, including
any appellate court, in which such matter is tried, heard, or decided, including
a court that hears a request to compel or stay litigation or that hears any
exceptions or objections to,

Page 8 - Share Exchange Agreement and Plan of Reorganization
<PAGE>
or requests to modify, correct, or vacate, an arbitration award submitted to it
for confirmation as a judgment, with respect to attorney's fees incurred in such
court proceedings.

         24. ENTIRE AGREEMENT This Agreement, together with all exhibits
attached hereto, constitutes the entire agreement between the parties with
respect to the subject matter hereof and supersedes all prior agreements,
understandings, negotiations and discussions, whether oral or written, by any of
the parties or by any officer or representative of any party. No amendment or
modification of this Agreement shall be binding unless executed in writing by
the party to be bound thereby.

         25. COUNTERPARTS This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument.

         26. ADVICE OF COUNSEL This Agreement was prepared by the Law Office of
Robert C. Laskowski on behalf of Pacel and Peterson has been advised to retain
her own legal counsel to represent them in connection with this Agreement and
they have elected not to seek the advice of such legal counsel.

         IN WITNESS WHEREOF, the parties have executed this Agreement on the
dates indicated below.

PACEL CORP.
By: /s/ GARY MUSSELMAN                                  Date: March 23, 2006.
Name: Gary Musselman
Title: President

ANTOINETTE PETERSON, AS HOLDERS OF 100% OF THE ISSUED AND OUTSTANDING COMMON
STOCK OF WORLD WIDE PERSONNEL SERVICES OF MAINE, INC.

By: /s/ ANTOINETTE PETERSON                             Date: March 23, 2006

Page 9 - Share Exchange Agreement and Plan of Reorganization
<PAGE>
                                   EXHIBIT "A"
                           CERTIFICATE OF DESIGNATION
                     SERIES "C" CONVERTIBLE PREFERRED STOCK

         The Series "C" Convertible Preferred Stock ("Series "C" Stock") shall
consist of 500,000 shares, par value $0.001 per share. The preferences, rights
and privileges of the Series "C" Stock shall be as follows:

         o        Dividends shall be declared and set aside for any shares of
                  the Series " C" Stock in the same manner as the Common Stock;

         o        The Shares of Series "C" Stock, in the aggregate, shall be
                  convertible, at the option of the holders, into such number of
                  shares of Common Stock as shall be equal $500,000, based on
                  the closing bid price of the Common Stock as quoted on the OTC
                  Bulletin Board on the date of conversion. No conversion shall
                  occur for a period of twelve months from the date of issuance
                  of the Series "C" Stock. Any conversion shall occur without
                  the payment of any additional consideration;

         o        The Series "C" Stock shall have no voting rights;

         o        In the event of any liquidation, dissolution or winding up of
                  the corporation, the holders of the Series "C" Stock shall be
                  entitled to be paid out of the assets of the corporation
                  available for distribution to its shareholders in the same
                  manner as, and without preference over, the holders of Common
                  Stock.

Page 10 - Share Exchange Agreement and Plan of Reorganization
<PAGE>
                                   EXHIBIT "B"
           OUTLINE OF EMPLOYMENT AGREEMENTS BETWEEN PACEL AND PETERSON

     Michael Peterson shall become an employee of Piedmont HR, a subsidiary
                                    of Pacel.

      Antoinette Peterson shall be appointed President and Chief Executive
             Officer of World Wide Personnel Services of Maine, Inc.

       The terms and conditions of each employment agreement with respect
          to the term of each agreement and the compensation to be paid
               thereunder will be subject to further negotiation.

Page 11 - Share Exchange Agreement and Plan of Reorganization
<PAGE>

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