Document:

Exhibit 10.4

                 S H A R E   P L E D G E   A G R E E M E N T

PLEDGOR:                TELEPLUS CONNECT CORP.

SECURED PARTIES:        JAMES R. FAIRHEAD IN TRUST
                        TOM HARDS IN TRUST
                        STEVE KEREKES IN TRUST
                        PAUL CHAPMAN IN TRUST
                        JACQUES PILON IN TRUST
                        TOM DAVIS IN TRUST
                        ALAN R. PURSER IN TRUST
                        ARNOLD McAULEY IN TRUST

CORPORATION:            TELIZON INC.

ESCROW AGENT:           PURSER, DOOLEY LLP

<PAGE>

                             SHARE PLEDGE AGREEMENT
PARTIES

      Pledgor:

         Name:          TELEPLUS CONNECT CORP.
         Address:               465 St-Jean, Suite 601
                        Montreal, Quebec H2Y 2R6
         Facsimile:     905-947-8234

      Secured Parties:

         Name:          JAMES R. FAIRHEAD IN TRUST
                        TOM HARDS IN TRUST
                        STEVE KEREKES IN TRUST
                        PAUL CHAPMAN IN TRUST
                        JACQUES PILON IN TRUST
                        TOM DAVIS IN TRUST
                        ALAN R. PURSER IN TRUST
                        ARNOLD McAULEY IN TRUST
         Address:               c/o Purser, Dooley LLP
                        151 Ferris Lane, Suite 300
                        Barrie, Ontario L4M 6C1
         Facsimile:     705-792-6911

      Corporation:

         Name:          TELIZON INC.
         Address:               85 Bayfield Street, Suite 300
                        Barrie, Ontario L4M 3A7
         Facsimile:     705-725-7045

      Escrow Agent:

         Name:          PURSER, DOOLEY LLP
         Address:               151 Ferris Lane, Suite 300
                        Barrie, Ontario L4M 6C1
         Facsimile:     705-792-6911

EFFECTIVE DATE

         as of July       , 2005

--------------------------------------------------------------------------------

WHEREAS:

      a)    pursuant to the  provisions  of a certain share  purchase  agreement
            dated as of the 30th day of June,  2005 between the Secured  Parties
            as vendors and the Pledgor (the  "Agreement"),  the Pledgor acquired
            nine (9) common  shares,  being all of the  issued  and  outstanding
            common shares in the Corporation (the "Shares");

<PAGE>

      b)    as part of the  consideration  to be paid for the Purchased  Shares,
            the Pledgor has authorized,  executed and delivered in favour of the
            Secured Parties a certain  promissory note (the  "Promissory  Note")
            dated  July , 2005 in the  principal  amount  of Five  Million  Nine
            Hundred  Eighty Three  Thousand One Hundred  Seventy  Eight  Dollars
            ($5,983,178.);
      c)    the Secured  Parties and the Pledgor  have agreed to enter into this
            Agreement to provide the Secured  Parties  with a remedy  should the
            Pledgor not honour its obligations pursuant to the provisions of the
            Promissory Note by having the Shares deposited with the Escrow Agent
            and dealt with as provided in this Agreement; and
      d)    Escrow Agent, as escrow agent, is agreeable to maintaining in escrow
            the  Purchased  Shares  and to  make  them or the  proceeds  thereof
            available to the parties  hereto under the terms and  conditions  of
            this agreement.

1.    Grant of Security Interest

      For valuable  consideration  (the receipt and sufficiency of which each of
the parties hereto hereby acknowledges) the Pledgor hereby grants to the Secured
Parties  security  interests  (to  which  the  Personal  Property  Security  Act
(Ontario),  R.S.O.  1990  c.P.10,  as  amended  from time to time  (the  "PPSA")
applies) in and grants, mortgages and charges and by way of a fixed and specific
mortgage  and  charge  to  and in  favour  of the  Secured  Parties,  all of the
Pledgor's right, title and interest in and to the Shares, all pursuant to and in
accordance with the provisions of this Agreement.

2.    Secured Obligations

      The security  interests,  mortgages and charges  granted hereby secure the
payment  to the  Secured  Parties  of all  obligations,  debts  and  liabilities
pursuant to the Promissory Note, (the "Obligations").

      Upon  payment  in  full  of all  amounts  due and  owing  pursuant  to the
Promissory  Note,  the Escrow  Agent shall  forthwith  deliver the Shares to the
Pledgor.

3.    Attachment

      Each of the parties  acknowledges  and  confirms  that it intends that the
security interests,  mortgages and charges granted hereby shall attach forthwith
upon the Effective Date with respect to the Shares.

      For greater certainty,  without in any way limiting the above, the parties
acknowledge  and  confirm  that they have not  agreed to  postpone  the time for
attachment of the said security interests, mortgages and charges.

4.    Perfection

      Subject to the last  paragraph  in this Section 4, in  furtherance  of the
security interests, mortgages and charges hereby granted to the Secured Parties,
the Pledgor agrees that  contemporaneously with the execution of this Agreement,
it shall  deliver  the  following  to the  Escrow  Agent  upon the terms  hereof
(collectively the "Share Documents"):

      (a)   the relevant share  certificate(s)  representing  all of the Shares,
            duly  registered  in the name of the Pledgor,  and duly  endorsed in
            blank for transfer hereunder or accompanied by a duly executed stock
            transfer  power of  attorney  and noting  conspicuously  on the face
            thereof that they are subject to this Agreement;

      (b)   a transfer in blank of the Shares duly executed by the Pledgor,  the
            Pledgor hereby giving the Secured  Parties the authority to complete
            the said  transfer on its behalf upon the  occurrence of an Event of
            Default  (defined  below),  so long  as such  Event  of  Default  is
            continuing;

      (c)   a blank share transfer power of attorney; and

      (d)   certified  copies of resolutions of the directors of the Corporation
            approving the  hypothecation and pledge of the Shares to the Secured
            Parties,  the  notation  of  the  Secured  Parties  interest  on the
            relevant share  certificate(s) and in the shareholder ledgers of the
            Corporation,  any further  transfers of the Shares made  pursuant to
            this  Agreement,  and the recording of same in the books and records
            of the Corporation.

<PAGE>

The Escrow Agent  acknowledges  and agrees that it shall hold the Shares  hereby
delivered to it solely in accordance  with the terms of this  Agreement and that
it will not at any time  dispose,  encumber,  deal with or take any action  with
respect to the Shares except as provided in this Agreement.

5.    Right to Vote

      So long as no Event of Default has occurred  hereunder and is  continuing,
the Pledgor shall be entitled to remain as  shareholder  of record of the Shares
and to exercise all voting rights in respect of the Shares.

6.    Right to Dividends, Etc.

      So long as no Event of Default has occurred  hereunder and is  continuing,
the Pledgor shall be entitled to receive all  dividends and other  distributions
paid or payable in respect of the Shares. In the event that the Pledgor receives
any  dividend or other  distribution  contrary to the  foregoing  it shall stand
possessed  of same in trust solely for the Secured  Parties and shall  forthwith
pay or deliver the same to the Secured  Parties to be applied in accordance with
paragraph 14.

7.    Pledgor's Warranties

      The Pledgor  hereby  represents  and  warrants to and  covenants  with the
Secured  Parties as follows and  acknowledges  that the Secured  Parties are, in
part, relying upon such  representations,  warranties and covenants in accepting
the security interest granted upon the terms of this Agreement:

      (a)   Ownership  of Shares:  The Pledgor is the  absolute  and  beneficial
            owner of the  Shares  and none of the Shares are held in the name of
            any person  other  than the  Pledgor,  whether as agent,  trustee or
            other  nominee for the Pledgor,  the Shares are recorded in the name
            of the  Pledgor in the  shareholder  ledgers  and  registers  in the
            Corporation's minute book.

      (b)   No  Encumbrances:  The Shares are owned by the Pledgor with good and
            marketable title thereto and they are and shall at all times be kept
            free and clear of any and all mortgages, hypothecs, pledges, claims,
            adverse  claims,  demands,   liens,  charges,   security  interests,
            encumbrances, agreements, rights and equities of any kind whatsoever
            other than those given by the Pledgor to or in favour of the Secured
            Parties.

      (c)   Right to Grant: The Pledgor has and shall at all relevant times have
            the full right,  power and  authority  to enter into and perform its
            obligations  under this Agreement and to grant the security interest
            as herein provided.

      (d)   No Agreements or Options: No person, firm or corporation, other than
            the Secured Parties, has any agreement or option (whether written or
            oral) or any right or  privilege  (whether  by law,  pre-emptive  or
            contractual)  capable of  becoming  an  agreement  or option for the
            purchase of the Shares or any interests therein or rights thereto.

      (e)   No Litigation:  There is not pending any suit, action or other legal
            proceeding  of any sort either to restrain or  otherwise  prevent in
            any manner the Pledgor from  effectually  and legally  hypothecating
            and pledging the Shares to the Secured Parties free and clear of any
            and all  mortgages,  hypothecs,  pledges,  claims,  adverse  claims,
            demands,   liens,   charges,   security   interests,   encumbrances,
            agreements,  rights and equities of any kind whatsoever or any suit,
            action or proceeding the effect of which would be to cause a lien to
            attach to the Shares or to divest  title to the Shares in any manner
            whatsoever.

<PAGE>

      (f)   Release  of  Shares  for   Merger  and   Acquisition   Transactions:
            Notwithstanding the provisions hereof, but subject to the provisions
            of Subsection 8(b), the Secured Parties will not unreasonably delay,
            condition  or  withhold  the  release of the Shares in the event the
            Pledgor  requests  that the Secured  Parties  release such Shares in
            connection  with a sale,  merger,  reorganization,  or other similar
            event of the Pledgor (or its  affiliated  companies) and the Pledgor
            or a third party  agrees to provide the  Secured  Parties  with fair
            consideration for such release.

8.    Covenants of the Pledgor and the Corporation

      The  Pledgor  and the  Corporation  covenant  and agree  with the  Secured
Parties that:

      (a)   No Transfers or Encumbrances:  The Pledgor shall not either directly
            or  indirectly  (including  by  way  of  corporate   reorganization,
            amalgamation or otherwise) sell, transfer, convey, assign, exchange,
            convert  or in any  manner  dispose  of,  pledge  or in  any  manner
            encumber any of the Shares without the prior written  consent of the
            Secured Parties, except as expressly permitted or required elsewhere
            herein.

      (b)   Substituted or Additional  Shares:  In the event any  substituted or
            additional  shares in the capital of the Corporation are received or
            acquired  (directly or  indirectly)  by or on behalf of the Pledgor,
            whether as a result of a share issuance, subdivision, consolidation,
            conversion,   reclassification,   stock  dividend,  transfer,  sale,
            reorganization,  amalgamation  or  otherwise  (the  "Substituted  or
            Additional  Shares"),  the  Pledgor  shall  stand  possessed  of the
            Substituted  or Additional  Shares in trust for the Secured  Parties
            and shall  forthwith  deliver to the Secured Parties the certificate
            or certificates  representing  the Substituted or Additional  Shares
            together with certified  copies of the  resolutions of the directors
            of the Corporation approving the hypothecation and pledge thereof to
            the Secured  Parties  whereupon  the Secured  Parties shall hold and
            deal with the  Substituted or Additional  Shares and the certificate
            or certificates evidencing the same as the Shares.

      (c)   No Additional Shares Issued:  During the currency of this Agreement,
            the Corporation  shall not, without the prior written consent of the
            Secured  Parties,  issue any  additional  shares of any class (other
            than the Shares) in the capital of the Corporation whether by way of
            a   share   issuance,   subdivision,   consolidation,    conversion,
            reclassification,  stock dividend,  transfer, sale,  reorganization,
            amalgamation or otherwise.

9.    Escrow Agent

      (a)   Escrow Agent shall keep the Shares in a safe place on premises owned
            or leased by it in the City of Barrie and shall deal with the Shares
            only in accordance with the terms and conditions of this Agreement.

      (b)   Escrow  Agent shall not, by reason of its  signing  this  Agreement,
            assume any  responsibility or liability for any transaction  between
            Pledgor and the Secured  Parties other than the  performance  of its
            obligations  in accordance  with this  Agreement.  In no event shall
            Escrow Agent be liable to Pledgor and the Secured Parties, or to any
            other party for consequential,  special or incidental  damages.  The
            party on whose behalf,  or pursuant to whose direction  Escrow Agent
            acts,  shall  indemnify and hold harmless  Escrow Agent from any and
            all liability, damages, costs or expenses, including reasonable fees
            that shall be  sustained  or incurred by Escrow Agent as a result of
            taking such action except for damages,  costs or expenses  resulting
            from the gross  negligence of the Escrow  Agent.  Pledgor shall also
            indemnify and hold harmless Escrow Agent from any and all liability,
            damages,  costs or expenses,  including reasonable fees, incurred by
            Escrow Agent as a result of a third party claiming that Escrow Agent
            is in wrongful possession of the Shares.

      (c)   Escrow Agent may retain such independent counsel or other advisor as
            it may reasonably  require for the purpose of discharging its duties
            hereunder,  and may act on the advice or opinion  so  obtained.  The
            reasonable fees,  expenses or disbursements  for any such counsel or
            other advisors so retained shall be borne equally by Pledgor and the
            Secured  Parties.

      (d)   In the  exercise of its rights,  duties and  obligations  hereunder,
            Escrow  Agent  may rely as to the  truth of the  statements  and the
            accuracy of the opinions expressed therein and shall be protected in
            acting  upon  any  resolution,   direction,  statutory  declaration,
            opinion,  report,  notice,  certificate  or other  paper or document
            reasonably  believed by it to have been signed, sent or presented by
            or on behalf of the proper parties. However, Escrow Agent may in its
            discretion require reasonable  evidence of the due execution thereof
            before acting or relying thereon.

      (e)   Upon  receipt  of a  statutory  declaration  of one or  more  of the
            Secured  Parties  confirming  that an Event of Default has occurred,
            the Escrow  Agent  shall  deliver to the  Secured  Parties the Share
            Documents.

10.   Rights and Remedies - PPSA

      In the event the Pledgor  fails to make  payment of  principal or interest
pursuant to the  Promissory  Note after five (5) business days notice of default
is  provided to the Pledgor (an "Event of  Default"),  the  security  interests,
mortgages and charges  granted herein shall be  enforceable  and the Pledgor and
the Secured  Parties  shall have,  in addition to any other  rights and remedies
provided  by law,  the  rights  and  remedies  of a debtor  and a secured  party
respectively under the PPSA and those provided by this Agreement.

11.   Additional Rights and Remedies

      In  addition  and  without  limitation,  upon an Event of Default  that is
continuing,  the Secured  Parties shall be entitled to possession and beneficial
ownership  of the Shares and shall be  entitled  to  retransfer  the Shares into
their own names and enjoy all of the benefits  associated  with ownership of the
Shares.  The  Secured  Parties  shall also  thereupon  be entitled to retain the
portion of the purchase price for the Shares heretofore received by them and the
Pledgor  shall be fully  released and  discharged  from any and all liability or
payment of the remaining Obligations as evidenced by the Promissory Note.

12.   Expenses

      The reasonable  costs and expenses  expressly  provided for in the PPSA in
respect of the  enforcement of the  Obligations,  including  taking  possession,
custody,  holding,  preserving,   protecting,  repairing,  using  or  operating,
collecting,  realizing,  processing,  preparing for disposition and disposing of
the Shares (collectively, the "Expenses") shall be payable by the Pledgor to the
Secured Parties forthwith upon demand.

13.   Mode of Disposition - PPSA

      The Secured  Parties may dispose of the Shares by a private sale or public
auction  or tender at any place and time  whatsoever  and in such  manner and at
such price as the Secured Parties may reasonably  determine,  either for cash or
on credit,  or for part cash and part credit.  The Secured  Parties may postpone
any sale  prior to the date  thereof  and may sell the  Shares  as a whole or in
parcels  and if in parcels in such order and manner as the  Secured  Parties may
reasonably determine.

14.   Proceeds of Disposition

      Any proceeds of any  disposition  of any of the Shares shall be applied by
the Secured Parties firstly on account of the Expenses,  and any balance of such
proceeds shall be applied by the Secured  Parties on account of the  Obligations
(other than the Expenses) in such order of  application  as the Secured  Parties
may from time to time effect and the same shall not be subject to dispute by the
Pledgor.

<PAGE>

15.   General Provisions

      (a)   Discharge:  The security  interests,  mortgages and charges  granted
            hereby shall be released  upon the full payment and  performance  of
            the Obligations, at which time the Secured Parties shall, at no cost
            to  the  Pledgor,   deliver  to  the  Pledgor  the  relevant   share
            certificate(s) representing all of the Shares duly endorsed in blank
            for  transfer,  all  other  documents  held by the  Secured  Parties
            pursuant  to  this  Agreement,  and  all  necessary  discharges  and
            releases of the security  interests,  mortgages and charges  granted
            hereby.

      (b)   Waiver, etc.: No failure or delay on the part of the Secured Parties
            to  exercise  any  right  provided  for in or  contemplated  by this
            Agreement  and no waiver as to an Event of Default  hereunder  shall
            operate as a waiver thereof unless made in writing and signed by the
            Secured  Parties and, in that event,  such waiver shall operate only
            as a waiver of the right or Event of Default  expressly  referred to
            therein.  Nothing in this  Agreement and nothing  referred to in the
            Obligations  shall  preclude any other remedy by action or otherwise
            for the enforcement of this Agreement or the payment and performance
            in full of the Obligations.

      (c)   Entire  Agreement:  This  Agreement sets forth the entire intent and
            understanding of the parties relating to the  subject-matter  hereof
            and  supersedes and replaces all prior  agreements and  commitments,
            whether  written or oral,  made  between the parties and all earlier
            discussions  and  negotiations  between  them.  The  parties are not
            relying upon and there are no collateral  or other  representations,
            warranties,  agreements,  or  covenants  made by any of the  parties
            hereto which are not contained herein.

      (d)   No  Amendment:  This  Agreement  may  not  be  amended,  altered  or
            qualified  except by a  memorandum  in writing  signed by all of the
            parties hereto and any amendment, alteration or qualification hereof
            shall be null and void and shall not be  binding  upon any party who
            has not signed such memorandum.

      (e)   Further Assurances:  Each of the parties hereto shall and will, from
            time  to time  and at all  times  hereafter  upon  every  reasonable
            written   request  so  to  do,  cause  such  meetings  to  be  held,
            resolutions  passed  and  by-laws  enacted,  exercise  its  vote and
            influence, make, do, execute and deliver, or cause to be made, done,
            executed  and  delivered,  all such  further  papers,  acts,  deeds,
            assurances  and  things  as may be  necessary  or  desirable  in the
            opinion of any party or counsel  for any party,  acting  reasonably,
            for  implementing  and carrying out more effectually the true intent
            and meaning of this  Agreement  including,  without  limitation,  to
            perfect or better  perfect the  security  interests,  mortgages  and
            charges of the Secured Parties in the Shares or any part thereof.

      (f)   Headings:  All  headings  and  titles  in  this  Agreement  are  for
            convenience   of   reference   only  and   shall  not   affect   the
            interpretation of the terms hereof.

      (g)   Gender,  etc.: In construing this Agreement,  all words and personal
            pronouns  relating thereto shall be read and construed as the number
            and gender of the party or parties referred to in each case require,
            and the verb agreeing  therewith shall be construed as agreeing with
            the required word and pronoun. Words such as "hereunder",  "hereto",
            "hereof",  "herein",  and other words commencing with "here",  shall
            unless the context  clearly  indicates  the  contrary,  refer to the
            whole of this Agreement and not to any particular  paragraph or part
            thereof.

      (h)   Severability:  In the event that any covenant or provision contained
            in this Agreement is held to be invalid, illegal or unenforceable in
            whole or in part, the validity,  legality and  enforceability of the
            remaining covenants and provisions shall not be affected or impaired
            thereby  and all  such  remaining  covenants  and  provisions  shall
            continue  in full force and effect.  All  covenants  and  provisions
            hereof  are  declared  to be  separate  and  distinct  covenants  or
            provisions, as the case may be.

<PAGE>

      (i)   Time of  Essence:  Time  shall be  strictly  of the  essence of this
            Agreement and of every part thereof and no extension or variation of
            this Agreement shall operate as a waiver of this provision.

      (j)   Governing  Law:  This  Agreement  shall be governed in all  respects
            exclusively by the laws of the Province of Ontario,  and the laws of
            Canada, as applicable.

      (k)   Notice:  Any notice  required  or desired to be given  hereunder  or
            under any instrument supplemental hereto shall be in writing and may
            be  given by  personal  delivery,  by  facsimile  or other  means of
            electronic  communication or by sending the same by registered mail,
            postage prepaid, to the Pledgor, Secured Parties,  Corporation or to
            the Escrow Agent at their respective addresses set out above and, in
            the case of electronic  communication,  to the facsimile numbers set
            out above.  Any notice so  delivered  shall be  conclusively  deemed
            given when personally  delivered and any notice sent by facsimile or
            other means of electronic  transmission shall be deemed to have been
            delivered on the Business Day  following  the sending of the notice,
            and any notice so mailed shall be  conclusively  deemed given on the
            third  Business Day following  the day of mailing,  provided that in
            the event of a known disruption of postal service,  notice shall not
            be given by mail. Any address for notice or payments herein referred
            to may be changed by notice in writing given pursuant hereto.

            Notwithstanding  the foregoing,  if the PPSA requires that notice be
            given in a special manner,  then such notice or communication  shall
            be given in such manner.

      (l)   Pledgor's  Receipt:  The Pledgor  hereby  acknowledges  receipt of a
            fully signed copy of this Agreement.

This Agreement shall become effective when it is signed by the Pledgor.

                [REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK]

<PAGE>

      IN WITNESS  WHEREOF the Pledgor has executed this Agreement under its seal
and agrees to be bound thereby as of the Effective Date set out above.

Executed by Pledgor on July                    , 2005

                                               TELEPLUS CONNECT CORP.

                                               Per:  /s/ Marius Silvasan
                                                   -----------------------------
                                               Name: Marius Silvasan
                                                     Title: President

Executed by Secured Parties on July            , 2005

Alan R. Purser In Trust                     Arnold McAuley In Trust

Per: /s/ Alan R. Purser                 Per: /s/ Arnold McAuley
     -------------------------------         -------------------------------
         Alan R. Purser                          Arnold McAuley

Jacques Pilon In Trust                      James R. Fairhead In Trust

Per: /s/ Jacques Pilon                  Per: /s/ James R. Fairhead
     -------------------------------         -------------------------------
         Jacques Pilon                           James R. Fairhead

Paul Chapman In Trust                       Steve Kerekes In Trust

Per: /s/ Paul Chapman                   Per: /s/ Steve Kerekes
     -------------------------------         -------------------------------
         Paul Chapman                            Steve Kerekes

Tom Davis In Trust                          Tom Hards In Trust

Per: /s/ Tom Davis                      Per: /s/ Tom Hards
     -------------------------------         -------------------------------
         Tom Davis                               Tom Hards

<PAGE>

      The undersigned  acknowledges the execution of the within agreement by the
Pledgor and agrees to give full force and effect to the terms thereof.

      IN WITNESS  WHEREOF the  undersigned has executed this Agreement under its
seal and agrees to be bound thereby as of the Effective Date set out above.

                                  TELIZON INC.

                                  Per: /s/ Marius Silvasan
                                      ---------------------------------------c/s
                                      Name: Marius Silvasan
                                      Title: Chief Executive Officer

      The undersigned  Escrow Agent has executed this Agreement and agrees to be
bound thereby.

                                  PURSER, DOOLEY LLP

                                  Per:  /s/ Alan R. Purser
                                      ------------------------------------------
                                        Alan R. PurserExhibit 10.5

                            SHARE PURCHASE AGREEMENT

MEMORANDUM OF AGREEMENT made as of the 30th day of June, 2005

A M O N G

      JAMES FAIRHEAD,  STEVE KEREKES and TOM DAVIS, each individuals resident in
      the Province of Ontario (hereinafter referred to as the "Vendors")
                                                               OF THE FIRST PART

      - and -

      TELEPLUS CONNECT CORP., a corporation  incorporated  under the laws of the
      Province of Ontario  (hereinafter  referred to as the  "Purchaser")
                                                              OF THE SECOND PART

      - and -

      1500536  ONTARIO  INC., a corporation  incorporated  under the laws of the
      Province of Ontario (hereinafter referred to as the "Corporation")
                                                               OF THE THIRD PART

WHEREAS the  authorized  capital of the  Corporation  consists  of an  unlimited
number of Class A,  Class B and Class C common  shares of which 100 Class A, 100
Class B and 100 Class C common  shares have been issued and are  outstanding  as
fully paid and non-assessable shares, all of which are owned by the Vendors;

AND WHEREAS the Purchaser has agreed with the Vendors to purchase the 300 issued
and  outstanding  shares in the capital  stock of the  Corporation  owned by the
Vendors;

THIS AGREEMENT  WITNESSETH that in consideration  of the covenants,  agreements,
warranties  and  payments  herein set out and provided  for, the parties  hereto
hereby respectively covenant and agree as follows:

1. Purchased Shares

      Subject to the terms and conditions hereof, the Vendors covenant and agree
to sell, assign,  and transfer to the Purchaser and the Purchaser  covenants and
agrees to  purchase  from the  Vendors all (and not less than all) of the issued
and  outstanding  shares in the capital  stock of the  Corporation  owned by the
Vendors (the "Purchased  Shares") for the purchase price (the "Purchase  Price")
payable as set out in Article 2 hereof.

2. Purchase Price

      (1)   The  Purchase  Price  shall  be  the  sum  of  One  Million  Dollars
            ($1,000,000.) of lawful money of Canada.

      (2)   The  Purchase  Price  shall  be  payable  to or to the  order of the
            Vendors by certified cheques as follows:

            (a)   Three Hundred Eighty Three Thousand One Hundred  Seventy Eight
                  Dollars  ($383,178.)  shall be paid to the Vendors at the Time
                  of Closing by certified  cheque or bank draft payable to or to
                  the order of the Vendors at the Time of Closing as hereinafter
                  defined;

<PAGE>

            (b)   Two Hundred  Twenty Four  Thousand  Two Hundred  Ninety  Eight
                  Dollars and Seventy Two Cents  ($224,298.72.) shall be paid to
                  the  Vendors  by  certified  cheque or bank draft to or to the
                  order of the  Vendors  in  twenty  four (24)  equal  principal
                  installments  in the  amount of Nine  Thousand  Three  Hundred
                  Forty  Five  Dollars  Seventy  Eight  Cents  ($9,345.78)  each
                  commencing August 1, 2005 to and including July 1, 2007;

            (c)   Two Hundred  Twenty  Four  Thousand  Two  Hundred  Ninety Nine
                  Dollars  ($224,299.) shall be paid to the Vendors by certified
                  cheque or bank draft payable to or to the order of the Vendors
                  on or before July 1, 2006; and

            (d)   One Hundred  Sixty  Eight  Thousand  Two  Hundred  Twenty Four
                  Dollars and Twenty Eight Cents  ($168,224.28) shall be paid to
                  the Vendors by certified cheque or bank draft payable to or to
                  the order of the Vendors on or before July 1, 2007.

      (3)   The balance of the Purchase  Price not paid on closing in the amount
            of Six Hundred  Sixteen  Thousand  Eight Hundred  Twenty Two Dollars
            ($616,822.)  shall be  evidenced by a  promissory  note  authorized,
            executed and  delivered  by the  Purchaser in favour of the Vendors,
            (the "Promissory Note").

      (4)   The obligation of the Purchaser  under the Promissory  Note shall be
            guaranteed by the Corporation (the  "Guarantee") and as security for
            the Guarantee the Corporation shall in addition  authorize,  execute
            and  deliver in favour of the Vendors a general  security  agreement
            (the "General Security  Agreement") in form and content satisfactory
            to the  solicitors  for  the  Vendors  and in  respect  of  which  a
            financing statement shall be filed pursuant to the provisions of the
            Personal  Property  Security Act of the Province of Ontario in first
            position.

      (5)   The Promissory Note shall be additionally secured by a pledge of the
            Purchased Shares authorized, executed and delivered by the Purchaser
            in favour of the Vendors in a form and content  satisfactory  to the
            solicitors  for the Vendors  (the  "Pledge  Agreement").  The Pledge
            Agreement  shall  stipulate  that  until  default  pursuant  to  the
            provisions of the Promissory Note, the Purchased Shares may be voted
            by the  Purchaser,  and any dividends  authorized  and issued by the
            Corporation  shall be directed to the Purchaser.  Upon default under
            the  Promissory  Note which remains  uncured,  the Purchased  Shares
            shall  be  returned  to the  Vendors  in full  satisfaction  of such
            default and that portion of the Purchase Price previously paid shall
            be forfeited as liquidated damages and not as a penalty.

3. Closing Arrangements

      (1)   The  closing  of this  transaction  shall  take  place at 10:00 a.m.
            (local  time)(the  "Time of  Closing")  at the  offices  of  Messrs.
            Purser, Dooley LLP Barristers and Solicitors,  located at 151 Ferris
            Lane,  Suite 300,  Barrie,  Ontario,  on or before July 8, 2005 (the
            "Closing Date").

      (2)   On the Closing Date, upon  fulfillment of all the conditions set out
            herein,  the Vendors shall deliver to the Purchaser the certificates
            representing all the Purchased Shares duly endorsed in favour of the
            Purchaser.

4. Representations and Warranties of the Vendors

      The  Vendors  jointly and  severally  covenant,  represent  and warrant as
follows as of the date  hereof and as of the Closing  Date and they  acknowledge
that  the  Purchaser  is  relying  upon  such  covenants,   representations  and
warranties  in  connection  with the purchase by the  Purchaser of the Purchased
Shares:

      (1)   The  Corporation  is a  corporation  is duly  incorporated,  validly
            existing  and in good  standing  under the laws of the  Province  of
            Ontario.  The  Corporation  has all  necessary  corporate  power and
            authority to own or lease its  properties,  to carry on its business
            as now being  conducted by it, to enter into this  agreement  and to
            perform its obligations hereunder.

<PAGE>

      (2)   The authorized  capital of the Corporation  consists of an unlimited
            number of Class A,  Class B and  Class C common  shares of which 100
            Class A, 100  Class B and 100 Class C common  shares  have been duly
            issued for an  aggregate  purchase  price of Three  Hundred  Dollars
            ($300.) and are outstanding as fully paid and non-assessable shares.

      (3)   The shareholders of record of the Corporation are as follows:

            James Fairhead - 100 Class A common shares
            Steve Kerekes - 100 Class B common shares
            Tom Davis - 100 Class C common shares

            and such  shares  are owned by the  Vendors,  are held with good and
            marketable title, free and clear of all mortgages,  liens,  charges,
            security  interests,  adverse  claims,  pledges,   encumbrances  and
            demands  whatsoever.  All rights  and  powers to vote the  Purchased
            Shares are held  exclusively  by the  Vendors.  The  delivery of the
            Purchased Shares to the Purchaser  pursuant to the provisions hereof
            will transfer to the Purchaser  valid title thereto,  free and clear
            of all encumbrances.

      (4)   No person,  firm or  corporation  has any agreement or option or any
            right  (whether by law,  pre-emptive  or  contractual  and including
            convertible  securities,  warrants or convertible obligations of any
            nature) for the purchase or the issue of either the Purchased Shares
            or any unissued shares in the capital stock of the Corporation.

      (5)   The  entering   into  of  this   agreement   and  the   transactions
            contemplated hereby will not result in the violation of the articles
            or by-laws of the  Corporation or any indenture or other  agreement,
            written or oral, to which any of the Vendors or the  Corporation may
            be a party.

      (6)   This  agreement  has been duly executed and delivered by each of the
            Vendors and is a valid and binding obligation of each of the Vendors
            enforceable in accordance with its terms.

      (7)   None of the  Vendors is a  non-resident  within  the  meaning of the
            Income Tax Act (Canada).

      (8)   To the Vendors' knowledge, there are no existing or threatened legal
            actions or claims against the Corporation.

      (9)   There are no liens,  charges or  encumbrances of any kind whatsoever
            on the assets of the Corporation.

5. Covenants of the Vendors

      The Vendors  covenant and agree with the  Purchaser  that on or before the
Closing Date, they will do or will cause to be done the following:

      (1)   all necessary  steps and  proceedings to permit all of the Purchased
            Shares to be duly and validly  transferred  to the  Purchaser  shall
            have been taken by the Vendors and the Corporation; and

      (2)   the existing  directors of the Corporation shall resign as directors
            and  officers  of the  Corporation  in  favour  of  nominees  of the
            Purchaser, such resignations to be effective as at the Closing Date.

<PAGE>

6. Covenants of the Purchaser

      The  Purchaser  covenants and agrees with the Vendors that upon closing of
the purchase and sale of the Purchased Shares contemplated by this agreement, it
shall  cause  the  Corporation  to  cease  using  the  Vendors'  trade-name  and
trade-mark, "One Bill".

7. Securities Law Compliance Certificates.

      Each  Vendor  who is an officer of the  Corporation  agrees and  covenants
that,  from time to time  subsequent  to the Closing  Date,  such officer  shall
provide to the Purchaser such certificates regarding the conduct of the Business
and/or  financial  information  of the  Corporation  prior to the Closing as the
Purchaser  may  reasonably  require from such officer to enable the  Purchaser's
Chief Executive  Officer and Chief  Financial  Officer (and such other executive
officers  of the  Purchaser)  to execute  and  deliver  such  certificates  (the
"Officers'  Certificates")  as they are  required  to execute  and file with the
Securities Exchange  Commission under  Sarbanes-Oxley Act of 2002 (or such other
legislative  or regulatory  requirements  as may be adopted) when such Officers'
Certificates  include or, in whole or in part, are based upon the conduct of the
Business  and/or  the  financial  information  of the  Corporation  prior to the
Closing.  Each  Vendor  who is an officer of the  Corporation  agrees  that this
Covenant  shall  survive for a period of six (6) years from the Closing  Date or
for such longer period as may be required by applicable Law.

8. Purchaser's Condition

      On or before the Closing  Date,  the  Purchaser  shall have  concluded and
closed satisfactory financing arrangements to fund the transaction  contemplated
by this Agreement.

9. Survival of Representations and Warranties

      The  representations  and  warranties  of the  Vendors  and the  Purchaser
contained in this agreement and contained in any document or  certificate  given
pursuant  hereto  shall  survive  the  closing of the  purchase  and sale of the
Purchased  Shares  herein  provided  for,  for a period of one (1) year from the
Closing Date.

10. Indemnification

      The  Vendors  hereby   jointly  and  severally   indemnify  and  save  the
Corporation,  the  Purchaser  and  their  respective  shareholders,   directors,
officers,  employees and agents  harmless of and from any cause or claim arising
with respect to the Corporation or its activities prior to the Closing Date. The
Vendors  shall  remain  liable to defend at their  expense  any such  actions or
claims  that may  arise  with  respect  to the  Corporation  or its  activities,
concerning  the time  period  prior  to the  Closing  Date.  Such  indemnity  is
conditional  upon the  Purchaser  not  entering  into any  claim or action in an
adverse position to the Vendors.

11. Notices

      Any notice,  direction  or other  instrument  required or  permitted to be
given to the Vendors  hereunder  shall be in writing and may be given by mailing
the same postage prepaid or delivering the same addressed to the Vendors at:

      85 Bayfield Street, Suite 300
      Barrie, Ontario  L4M 3A7

      Any notice,  direction  or other  instrument  required or  permitted to be
given to the Purchaser or the Corporation  hereunder shall be in writing and may
be given by mailing the same postage prepaid or delivering the same addressed to
the Purchaser or the Corporation at:

<PAGE>

      85 Bayfield Street, Suite 300
      Barrie, Ontario  L4M 3A7

      Any notice, direction or other instrument aforesaid if delivered, shall be
deemed to have been  given or made on the date on which it was  delivered  or if
mailed,  shall be deemed to have been  given or made on the fifth  business  day
following the day on which it was mailed.

12. Costs

      (1)   The parties hereto agree that there are no broker's or finder's fees
            due or payable with respect to this transaction.

      (2)   Each of the parties  hereto shall pay its own legal,  accounting and
            other costs and expenses  associated with this  transaction and this
            agreement.

      (3)   The  Purchaser  shall be  responsible  for all expenses and costs in
            connection with the Corporation from and after the Closing Date, and
            to legal  actions  and claims as set forth in Section 8 hereof,  for
            which the Vendors have assumed liability hereunder.

13. Entire Agreement

      This  agreement  constitutes  the entire  agreement  between  the  parties
hereto.  There are not and shall not be any verbal statements,  representations,
warranties,  undertakings  or  agreements  between the  parties  hereto and this
agreement  may not be  amended  or  modified  in any  respect  except by written
instrument signed by the parties hereto.

14. Proper Law of Contract

      This agreement shall be construed and enforced in accordance with, and the
rights of the parties shall be governed by, the laws of the Province of Ontario.
Each of the  parties  hereto  hereby  irrevocably  submits  and  attorns  to the
jurisdiction of the courts of the Province of Ontario.

15. Benefit and Binding Nature of the Agreement

      This  agreement  shall  enure to the  benefit of and be  binding  upon the
parties hereto and their respective successors and assigns.

      IN WITNESS WHEREOF this agreement has been executed by the parties hereto.

                                /S/ JAMES FAIRHEAD
-------------------             -------------------
Witness                         JAMES FAIRHEAD

                                /S/ STEVE KEREKES
-------------------             -------------------
Witness                         STEVE KEREKES

                                /S/ TOM DAVIS
-------------------             -------------------
Witness                         TOM DAVIS

<PAGE>

                                TELEPLUS CONNECT CORP.

                                Per:     /s/ Marius Silvasan
                                    -----------------------------------------c/s
                                         Marius Silvasan President

                                I have the authority to bind the Corporation

                                1500536 ONTARIO INC.

                                Per:     /s/ Tom Davis
                                    -----------------------------------------c/s
                                         Tom Davis - President

                                Per:     /s/ Steve Kerekes
                                    -----------------------------------------
                                    Steve Kerekes - Secretary-Treasurer
                                We have the authority to bind the Corporation

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]