Document:

THIS AGREEMENT IS SUBJECT TO ARBITRATION

STATE OF TEXAS       ss.
                     ss.
COUNTY OF DALLAS     ss.

                              EMPLOYMENT AGREEMENT

          THIS EMPLOYMENT  AGREEMENT (this "Agreement") is made and entered into
as of February 29, 2008,  but  effective as of February 1, 2008 (the  "Effective
Date"), by and between CUBIC ENERGY,  INC., a Texas corporation (the "Company"),
and JON S. ROSS (the "Employee").

          WHEREAS, the Company desires to enter into an employment  relationship
with the Employee on certain terms and conditions as set forth herein; and

          WHEREAS, the Employee is willing to accept such employment;

          NOW,  THEREFORE,  the parties hereto,  in  consideration of the mutual
covenants and promises hereinafter contained, do hereby agree as follows:

          1. Employment.  The Company hereby employs Employee in the capacity of
Corporate  Secretary,  or in such other positions of the same or greater stature
as the Company may direct or desire, and Employee hereby accepts the employment,
on the terms and conditions hereinafter set forth.

          2. Duties. The Employee's principal duties and responsibilities  shall
be as set forth in the Bylaws of the  Company.  The  Employee  agrees to perform
such  services  and duties and hold such  offices as may be assigned to him from
time  to time  by the  Company  and to  devote  a  reasonable  amount  of  time,
consistent with past practices,  to the  performance  thereof.  It is understood
that Employee has and will have other business endeavors, but Employee is hereby
agreeing  to devote  the  majority  of his time,  if not more,  to his duties on
behalf of Employer.

          3. Term. The term of employment  under this  Agreement  shall begin on
the Effective Date and continue until terminated as herein provided.

          4. Salary and Other Compensation.  As compensation for the services to
be rendered  by the  Employee to the  Company  pursuant to this  Agreement,  the
Employee shall be paid the following compensation and other benefits:

               (a) Salary:  $12,500 per month,  payable in  accordance  with the
Company's ordinary payroll practices,  and subject to all applicable withholding
obligations,  or such higher  compensation  as may be established by the Company
from time to time.  Should the employee become  "Partially  Disabled," which for
purposes  of this  subsection  means the  inability  because of any  physical or
emotional  illness to perform his  assigned  duties  under this  Agreement,  the

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Employee's  Salary shall  nevertheless  be paid in full prior to the  Employee's
termination  pursuant  to  Section  10. If the  Employee,  during  any period of
Partial   Disability,   receives  any  periodic   payments   representing   lost
compensation   under  any  health  and  accident  policy  or  under  any  salary
continuation  insurance  policy,  the  premiums  for which have been paid by the
Company,  the amount of Salary  that the  Employee  would be entitled to receive
from the Company during the Partial Disability shall be decreased by the amounts
of such payments.

               (b)  Stock  Grant:  The  Company  shall  issue  to  the  Employee
restricted  shares of Common Stock,  on such dates and in such amounts as may be
determined by the  Compensation  Committee  and/or the Board of Directors of the
Company.

               (c) Employee  Benefit  Plans:  The Employee  shall be eligible to
participate,  to  the  extent  he  may  be  eligible,  in  any  profit  sharing,
retirement, insurance or other employee benefit plan maintained by the Company.

               The  Employee  acknowledges  and  agrees  that  he  shall  not be
entitled  to any  additional  compensation  with  respect to his  service on the
Company's Board of Directors or on any committee thereof.

          5. Life and Health  Insurance.  The Company,  in its  discretion,  may
apply for and procure in its own name and for its own benefit, life insurance on
the life of the  Employee in any amount or amounts  considered  advisable by the
Company,  and the Employee shall submit to any medical or other  examination and
execute and deliver any application or other  instrument in writing,  reasonably
necessary  to  effectuate  such  insurance.   The  Company  may  provide  health
insurance,  including major medical  coverage,  for the Employee.  All insurance
provided to Employee  shall be in such form and provide such  coverage as may be
determined by the Board of Directors or the Compensation  Committee of the Board
of Directors.

          6.  Vacations  and Leave.  The Employee  shall be entitled to the same
vacation and leave time as the other  executive  officers of the Company,  or as
otherwise approved by the Board of Directors.

          7.   Non-Disclosure   of   Confidential   Information.   The  Employee
acknowledges  that in and as a result of his employment by the Company,  he will
be making use of,  acquiring,  and/or adding to  confidential  information  of a
special and unique  nature and value  relating to such matters as the  Company's
patents,   copyrights,   proprietary   information,   trade  secrets,   systems,
procedures,  manuals,  confidential  reports,  and lists of customers (which are
deemed for all purposes confidential and proprietary), as well as the nature and
type of services  rendered by the Company,  the equipment and methods used,  and
the fees paid by the Company in obtaining services.  As a material inducement to
the Company to enter into this Agreement and to pay to Employee the compensation
stated in Section 4, the Employee covenants and agrees that he shall not, at any
time during or  following  the term of his  employment,  directly or  indirectly
divulge or disclose for any purpose whatsoever any confidential information that
has been obtained by, or disclosed to, him as a result of his  employment by the
Company, except to affiliates of the Company.

          8. Reasonableness of Restrictions

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               (a) The Employee has carefully read and considered the provisions
of Section 7, and,  having done so,  agrees that the  restrictions  set forth in
that section,  including,  but not limited to, the time period of restriction is
fair  and  reasonable  and is  reasonably  required  for the  protection  of the
interests of the Company and its subsidiary and affiliated  entities,  officers,
directors, shareholders, and other employees.

               (b) In the event that,  notwithstanding the foregoing, any of the
provisions  of  Section  7 shall be held to be  invalid  or  unenforceable,  the
remaining  provisions  thereof  shall  nevertheless  continue  to be  valid  and
enforceable as though the invalid or  unenforceable  parts had not been included
therein.  In the event that any  provision  of Section 7 shall be  declared by a
court of competent jurisdiction to exceed the maximum restrictiveness such court
deems reasonable and enforceable, restrictions deemed reasonable and enforceable
by the court shall become and  thereafter  be the maximum  restrictions  in such
regard,  and the  restrictions  shall remain  enforceable  to the fullest extent
deemed reasonable by such court.

          9. Remedies for Breach of Employee's  Covenant of  Non-Disclosure.  In
the event of a breach or threatened breach of any of the covenants in Section 7,
the Company  shall have the right to seek  monetary  damages for any past breach
and equitable relief,  including specific  performance by means of an injunction
against   the   Employee   or  against  the   Employee's   affiliates,   agents,
representatives,  servants, employers,  employees, family members and/or any and
all persons acting directly or indirectly by or with him, to prevent or restrain
any such breach.

          10.  Termination.  Employment  of the  Employee  under this  Agreement
may/will be terminated:

               (a) Death. By the Employee's death.

               (b) If the Employee is Totally Disabled. For the purposes of this
Agreement,  the Employee  will be Totally  Disabled if he (i) has been  declared
legally  incompetent  by a final court  decree  (the date of such  decree  being
deemed  to be  the  date  on  which  the  disability  occurred),  (ii)  receives
disability  insurance  benefits  from any  disability  income  insurance  policy
maintained by the Company for a period of six (6) consecutive  months,  or (iii)
has  been  found  to be  disabled  pursuant  to a  Disability  Determination.  A
Disability  Determination  means a  finding  that  the  Employee,  because  of a
medically determinable disease,  injury, or other mental or physical disability,
is unable to perform  substantially all of his regular duties to the Company and
that such  disability  is  determined  or  reasonably  expected to last at least
twelve (12) months. The Disability  Determination  shall be based on the written
opinion of the  physician  regularly  attending  the  Employee.  If the  Company
disagrees  with the opinion of this physician  (the "First  Physician"),  it may
engage at its own expense another physician (the "Second  Physician") to examine
the  Employee.  If the First and Second  Physicians  agree in  writing  that the
Employee is or is not disabled, their written opinion shall, except as otherwise
set forth in this subsection,  be conclusive on the issue of disability.  If the
First and Second  Physicians  disagree on the  disability of the Employee,  they
shall choose a third  consulting  physician (whose expense shall be borne by the
Company), and the written opinion of a majority of these three physicians shall,
except  as  otherwise  provided  in this  subsection,  be  conclusive  as to the
Employee's disability.  The date of any written opinion conclusively finding the

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Employee to be disabled  is the date on which the  disability  will be deemed to
have occurred. If there is a conclusive finding that the Employee is not Totally
Disabled,  the  Company  shall have the right to request  additional  Disability
Determinations  provided  it agrees to pay all the  expenses  of the  Disability
Determinations and does not request an additional Disability  Determination more
frequently  than once every three (3) months.  In conjunction  with a Disability
Determination, the Employee hereby consents to any required medical examination,
and  agrees to  furnish  any  medical  information  requested  by any  examining
physician and to waive any applicable physician-patient privilege that may arise
because of such  examination.  All physicians except the First Physician must be
board-certified  in the  specialty  most  closely  related  to the nature of the
disability alleged to exist.

               (c) By the  Company  for  Just  Cause.  This  Agreement  and  the
Employee's  employment  with the Company may be terminated for Just Cause at any
time in accordance with Section 11. For purposes of this  Agreement,  Just Cause
shall mean only the  following:  (i) a conviction of or a plea of guilty or nolo
contendre  by  the  Employee  to  a  felony  or  misdemeanor   involving  fraud,
embezzlement,  theft or  dishonesty  or other  criminal  conduct,  (ii) habitual
neglect  of the  Employee's  duties or  failure  by the  Employee  to perform or
observe  any  substantial  lawful  obligation  of  such  employment  that is not
remedied  promptly  following written notice or (iii) any material breach by the
Employee of this  Agreement  that is not  remedied  promptly  following  written
notice.  Should the Employee  dispute  whether he was terminated for Just Cause,
then  the  Company  and  the  Employee  shall  enter  immediately  into  binding
arbitration  pursuant  to the  Commercial  Arbitration  Rules  of  the  American
Arbitration  Association,  the cost of which shall be borne by the substantially
non-prevailing party.

               (d)  By  Employee  for  Good  Reason.   This  Agreement  and  the
Employee's  employment  with the Company may be  terminated  at any time, at the
election of the Employee, for Good Reason in accordance with Section 11 and such
termination  for Good Reason shall be treated as an involuntary  separation from
service within the meaning of Section 409A of the Internal Revenue Code of 1986,
as amended (the "Code") and the Treasury regulations promulgated thereunder.  As
used in this  Agreement,  Good  Reason  shall  mean  (i) the  assignment  to the
Employee of duties  inconsistent  with the title of  Secretary of the Company or
his then current office, or a material diminution in the Employee's then current
authority,  duties or  responsibilities;  (ii) the  material  diminution  of the
Employee's  then current  Salary or other action or inaction that  constitutes a
material  breach of this  Agreement by the Company;  (iii) the relocation of the
Company's  principal  executive offices to a location more than fifty (50) miles
from the  Company's  then  current  offices or the transfer of the Employee to a
place other than the Company's  principal  executive offices (excepting required
travel on the Company's  business).  Prior to any termination at the election of
the Employee for Good Reason,  the Employee  must provide  notice to the Company
within ninety (90) days of the initial  occurrence of such event upon which Good
Reason is based,  and provide the Company not less than thirty (30) days to cure
such event in which case the Company  shall not be required to make the payments
required by Section 12(b).

               (e)  Expiration  of  Time.  At the  end  of 36  months  from  the
Effective Date (the "Term"); provided,  however, that the Term shall be extended
automatically  at the end of each month by one  additional  month unless by such
date the  Compensation  Committee or the Board of Directors gives written notice
to the Employee that the Term shall not be so extended. Such notice may indicate

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that it shall have the effect of preventing any further extension of the Term.

          11. Notice of Termination. Any purported termination of the Employee's
employment,  either by the  Company for Just Cause or by the  Employee  for Good
Reason,  shall be  communicated  by a written Notice of Termination to the other
party hereto.  Such notice shall  indicate a specific  termination  provision in
this Agreement which is relied upon, recite the facts and circumstances  claimed
to provide the basis for such  termination  and specify the Date of Termination.
As used in this Agreement,  Date of Termination shall mean the date specified in
the Notice of Termination,  if Notice of Termination is required pursuant to the
previous  sentence,  which date shall not be less than thirty (30) nor more than
sixty (60) days from the date the Notice of Termination  is given.  If Notice of
Termination is not so required,  then the Date of Termination  shall be the date
of the event giving rise to such  termination.  If within  thirty (30) days from
the date the Notice of  Termination  is given,  the party  receiving such notice
notifies the other party that a dispute exists concerning such termination,  the
Date of Termination  shall be the date on which the dispute is finally resolved.
The Date of  Termination  shall be extended by a notice of dispute  only if such
notice is given in good  faith and the party  giving  such  notice  pursues  the
resolution  of such dispute by entering  immediately  into  binding  arbitration
pursuant  to  the  Commercial  Arbitration  Rules  of the  American  Arbitration
Association,   the   cost  of  which   shall  be  borne  by  the   substantially
non-prevailing  party.  Notwithstanding  the pendency of any such  dispute,  the
Company  will  continue to pay the  Employee his full Salary in effect as of the
date of the Notice of Termination  and continue the Employee as a participant in
all  compensation,  benefit and insurance plans in which he was participating at
such date, until the dispute is finally resolved.  Notwithstanding the preceding
or any provision of this Agreement to the contrary,  the Employee's  termination
shall not be considered  for Good Reason unless any dispute with respect to such
Good Reason  termination is resolved and the  Employee's  Date of Termination is
not later than two (2) years from the initial occurrence of the event upon which
Good Reason is based.

          12.  Payments  Upon   Termination.   Payments  to  the  Employee  upon
termination shall be as follows:

               (a) If the Employee is terminated  upon death pursuant to Section
10(a),  Total  Disability  pursuant  to Section  10(b),  Just Cause  pursuant to
Section 10(c) or time pursuant to Section 10(e),  the Employee shall be entitled
to all  arrearages  of  Salary  as of the Date of  Termination  but shall not be
entitled to further compensation.

               (b) If the  Employee  terminates  for  Good  Reason  pursuant  to
Section  10(d),  or if the  Employee is  terminated  by the  Company  other than
pursuant to Section  10(a),  the  Employee  shall be  entitled to all  remaining
Salary under this Agreement to the end of the Term, payable in a lump sum amount
on the first  business  day of the  payroll  period next  following  the Date of
Termination,  subject to the provisions of Section 13 (the "Severance Payment");
and, in  addition,  be entitled  to receive all stock  compensation  pursuant to
Section 4(b) through the end of the Term.

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          13. Limitation or Payments Upon Termination; Deferral of Payments.

               (a) Change in Control. As used in the Agreement, the term "Change
in Control" shall mean:

               (i)            a change in the  ownership  of the  Company  which
                              shall be  deemed to occur on the date that any one
                              person,  or more than one person acting as a group
                              (as determined under Section  13(b)(i)),  acquires
                              ownership of stock of the Company  that,  together
                              with stock held by such person or group,  has more
                              than 50% of the total fair  market  value or total
                              voting   power  of  the  stock  of  the   Company;
                              provided, however, if any one person, or more than
                              one person acting as a group, is considered to own
                              more than 50% of the total  fair  market  value or
                              total  voting  power of the stock of the  Company,
                              the  acquisition  of additional  stock by the same
                              person or  persons  is not  considered  to cause a
                              change in the ownership of the Company;

               (ii)           a change in the  effective  control of the Company
                              which  shall be presumed to occur on the date that
                              either (A) any one person, or more than one person
                              acting as a group  (as  determined  under  Section
                              13(b)(i)),  acquires (or has  acquired  during the
                              12-month  period  ending  on the  date of the most
                              recent  acquisition  by such  person  or  persons)
                              ownership of stock of the Company  possessing  20%
                              or more of the total  voting power of the stock of
                              the  Company,  or (B) a majority of members of the
                              Board of  Directors  of the  Company  is  replaced
                              during  any  12-month  period by  directors  whose
                              appointment  or  election  is  not  endorsed  by a
                              majority of the members of the Board of  Directors
                              of  the   Company   prior   to  the  date  of  the
                              appointment or election; or

               (iii)          a change in the ownership of a substantial portion
                              of the  Company's  assets which shall be deemed to
                              occur on the date  that  any one  person,  or more
                              than one person  acting as a group (as  determined
                              under   Section   13(b)(ii)),   acquires  (or  has
                              acquired  during the 12-month period ending on the
                              date of the most recent acquisition by such person
                              or persons)  assets  from the Company  that have a
                              total  gross fair  market  value  equal to or more
                              than  one-third  of the total  gross  fair  market
                              value  of  all  of  the  assets  of  the   Company
                              immediately   prior   to   such   acquisition   or
                              acquisitions;  provided  that  for  this  purpose,
                              gross  fair  market  value  means the value of the
                              assets of the Company,  or the value of the assets
                              being  disposed of,  determined  without regard to
                              any liabilities associated with such assets.

The determination of whether a Change in Control of the Company has occurred for
purposes of this  Section  13(a) shall be made in  accordance  with the Treasury

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regulations  promulgated  under Section 280G of the Code. The presumption  under
Section 13(a)(ii) that a Change in Control of the Company has occurred by reason
of the occurrence of an event described in Section  13(a)(ii) may be rebutted by
establishing  that such acquisition or acquisitions of the stock of the Company,
or such  replacement of the majority of the members of the Board of Directors of
the Company, does not transfer the power to control (directly or indirectly) the
management  and  policies of the  Company  from any one person (or more than one
person acting as a group as determined under Section 13(b)(i)) to another person
(or group).

                  (b) Persons Acting as a Group. For purposes of determining
whether a Change in Control of the Company has occurred under Section 13(a):

               (i)            persons  shall not be considered to be acting as a
                              group for purposes of Section  13(a)(i) or Section
                              13(a)(ii)  merely  because they happen to purchase
                              or own stock of the  Company at the same time,  or
                              as a result of the same public offering; provided,
                              however,  persons shall be considered to be acting
                              as a group if they  are  owners  of a  corporation
                              that enters into a merger, consolidation, purchase
                              or  acquisition  of  stock,  or  similar  business
                              transaction with the Company; and

               (ii)           persons  shall not be considered to be acting as a
                              group for purposes of Section  13(a)(iii),  merely
                              because  they  happen  to  purchase  assets of the
                              Company  at the same  time,  or as a result of the
                              same public offering;  provided,  however, persons
                              shall be  considered  to be  acting  as a group if
                              they are owners of a corporation  that enters into
                              a merger,  consolidation,  purchase or acquisition
                              of assets,  or similar  business  transaction with
                              the Company.

                  (c) Possible Reduction of Severance Payment. If the Employee
is terminated without Just Cause or the Employee terminates his employment for
Good Reason within the period beginning one year before and ending one year
after the Change in Control of the Company, and the presumption, if any, under
the Treasury regulations promulgated under Section 280G of the Code that such
employment termination was contingent on that Change in Control is not
successfully rebutted, then the Severance Payment specified in Section 12(b)
shall be adjusted as set forth below:

               (i)            The  Severance  Payment  shall  be  reduced  to an
                              amount  equal to 2.99  times  the  average  of the
                              annual  compensation  which  was  payable  to  the
                              Employee  by the  Company  and  includible  in the
                              Employee's  gross  income for  federal  income tax
                              purposes  for the five (5)  calendar  years ending
                              before  the  calendar  year in which a  Change  in
                              Control  occurred,  or for  the  portion  of  such
                              period  during  which the  Employee  was  actually
                              employed by the Company if the  Employee  has been
                              employed  by the  Company  for less  than five (5)
                              calendar years (the "Base Period"). The Employee's
                              average annual compensation shall be determined in
                              accordance    with   the   Treasury    regulations
                              promulgated  under Section 280G(d) of the Code. As

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                              used in this  Agreement,  the term  "compensation"
                              shall  mean  and  include  every  type and form of
                              compensation  includible in the  Employee's  gross
                              income  in  respect  of  his   employment  by  the
                              Company,  including compensation income recognized
                              as a result of the  exercise  of stock  options or
                              sale  of the  stock  so  acquired,  except  to the
                              extent   otherwise   provided   in  the   Treasury
                              regulations  promulgated  under Section 280G(d) of
                              the Code.

               (ii)           The Severance  Payment shall be further reduced by
                              the  amount of any other  payment  or the value of
                              any  benefit  received  or to be  received  by the
                              Employee in connection with the termination of his
                              employment or contingent  upon a Change in Control
                              (whether  payable  pursuant  to the  terms of this
                              Agreement,    any   other   plan,   agreement   or
                              arrangement  with  the  Company)  unless  (A)  the
                              Employee shall have effectively  waived in writing
                              his  receipt  or  enjoyment  of  such  payment  or
                              benefit prior to the date of payment or receipt of
                              the Severance  Payment,  (B) in the opinion of tax
                              counsel  selected  by  the  Company,   such  other
                              payment  or   benefit   does  not   constitute   a
                              "parachute  payment" within the meaning of Section
                              280G(b)(2)  of the Code,  or (C) in the opinion of
                              such tax counsel,  the  Severance  Payment (in its
                              full amount or as partially  reduced,  as the case
                              may be) plus all other  payments or benefits which
                              constitute "parachute payments" within the meaning
                              of Section  280G(b)(2) of the Code are  deductible
                              by the Company.  The value of any non-cash benefit
                              or any deferred payment shall be determined by the
                              independent  auditors of the Company in accordance
                              with the principles of Section 280G(d) (3) and (4)
                              of the Code.

               (d) Deferral of Payment Date Under Section  12(b).  No payment of
the Severance  Payment,  as reduced in accordance  with Section 13(c),  shall be
paid during the six-month  period  following the Employee's  Date of Termination
unless the Company  determines  that the Employee is not a "specified  employee"
(as that term is defined in the Treasury regulations promulgated Section 409A of
the Code),  or if the  Company  determines  that the  Employee  is a  "specified
employee,"  that  paying such  amount  would not cause the  Employee to incur an
additional tax under Section 409A of the Code.  The six-month  delay required by
the  preceding  sentence  shall not apply to the  extent  (i) the amount of such
reduced  Severance  Payment,  or any portion  thereof,  constitutes a short-term
deferral  within  the  meaning of the  Treasury  regulations  promulgated  under
Section  409A of the Code,  and (ii) to the extent  the  amount of such  reduced
Severance Payment does not constitute a short-term deferral,  the amount of such
reduced Severance Payment, or any portion thereof, does not exceed two times the
lesser of (A) the Employee's  annualized  compensation based upon the Employee's
annual rate of pay for services  provided to the Company for the taxable year of
the Employee  preceding the taxable year in which the Date of Termination occurs
(adjusted  for any  increase  during  that year that was  expected  to  continue
indefinitely had no separation from service occurred), or (B) the maximum amount
that may be taken  into  account  under a  qualified  plan  pursuant  to Section

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401(a)(17) of the Code for the year in which the Date of Termination  occurs. If
the  payment  of any  amount of the  reduced  Severance  Payment is delayed as a
result of the  application  of this  Section  13(d),  on the first  business day
following  the end of the  six-month  delay  period,  the Company  shall pay the
Employee a lump-sum  amount equal to the amount that would have  otherwise  been
previously  paid to the Employee under Section 12(b) during such six-month delay
period.  The  provisions  of this Section  13(d) shall apply only to the minimum
extent necessary,  after  application of the Treasury  regulations under Section
409A of the Code, to avoid the Employee's  incurrence of any additional taxes or
penalties  under  Section  409A of the  Code.  Notwithstanding  anything  to the
contrary contained herein, the Company shall not be responsible for, or have any
obligation to reimburse or pay (as damages or  otherwise)  any taxes or interest
charges imposed on the Employee pursuant to Section 409A of the Code.

          14. Resignation Upon Termination.  In the event of termination of this
Agreement  other than for death,  the Employee  hereby agrees to resign from all
positions held in the Company,  including without  limitations any position as a
director,  officer, agent, trustee or consultant of the Company or any affiliate
of the Company.  For the purposes of this provision,  the term "affiliate" means
any entity that  directly  or  indirectly,  through one or more  intermediaries,
controls, is controlled by, or is under common control with the Company.

          15. Waiver.  A party's  failure to insist on compliance or enforcement
of  any  provision  of  this  Agreement,   shall  not  affect  the  validity  or
enforceability or constitute a waiver of future enforcement of that provision or
of any other provision of this Agreement by that party or any other party.

          16. Governing Law. This Agreement shall in all respects be subject to,
and governed by, the laws of the State of Texas.

          17. Severability.  The invalidity or unenforceability of any provision
in the Agreement shall not in any way affect the validity or  enforceability  of
any other  provision and this Agreement shall be construed in all respects as if
such invalid or unenforceable provision had never been in the Agreement.

          18. Notice.  Any and all notices required or permitted herein shall be
deemed delivered if delivered personally or if mailed by registered or certified
mail to the Company at its  principal  place of business  and to the Employee at
the address hereinafter set forth following the Employee's signature, or at such
other address or addresses as either party may hereafter designate in writing to
the other.

          19. Assignment.  This Agreement,  together with any amendments hereto,
shall be binding  upon and shall inure to the benefit of the parties  hereto and
their respective successors, assigns, heirs and personal representatives, except
that the rights and  benefits of the  parties  under this  Agreement  may not be
assigned without the prior written consent of the other party.

          20.  Amendments.  This  Agreement may be amended at any time by mutual
consent of the parties  hereto,  with any such amendment to be invalid unless in
writing, signed by the Company and the Employee.

                                        9
<PAGE>

          21. Entire Agreement. This Agreement,  along with the Company handbook
to the  extent it does not  specifically  conflict  with any  provision  of this
Agreement,  contains the entire  agreement and  understanding by and between the
Employee and the Company with respect to the employment of the Employee,  and no
representations,  promises,  agreements,  or  understandings,  written  or oral,
relating to the  employment of the Employee by the Company not contained  herein
shall be of any force or effect.

          22.  References  to  Gender  and  Number  Terms.  In  construing  this
Agreement,  feminine or number pronouns shall be substituted for those masculine
in form and vice versa,  and plural terms shall be substituted  for singular and
singular for plural in any place which the context so requires.

          23. Headings.  The various headings in this Agreement are inserted for
convenience only and are not part of the Agreement.

                                       10
<PAGE>

         IN WITNESS WHEREOF, the Company and Employee have duly executed this
Agreement as of the date first above written.

                                COMPANY:
                                --------

                                CUBIC ENERGY, INC.

                                By: /s/ Calvin A. Wallen, III
                                    --------------------------------------------
                                    Name:  Calvin A. Wallen, III
                                    Title: President and Chief Executive Officer

                                EMPLOYEE:
                                ---------

                                /s/ Jon S. Ross
                                ------------------------------------------------
                                Jon S. Ross

                                Address for Notice:
                                -------------------

                                7040 Lavendale Avenue
                                Dallas, TX  75230ex101.htm

    Exhibit 10.1

    AMENDED
AND RESTATED AGREEMENT AND PLAN OF MERGER

    

    

    THIS AMENDED AND RESTATED AGREEMENT
AND PLAN OF MERGER, which amends and restates the agreement and plan of
merger made as of the 14th day of
February, 2008, is made as of the 27th day of
February, 2008,

     

    AMONG:

    

    MAILTEC, INC., a corporation
formed pursuant to the laws of the State of Nevada and having an office for
business at 4774 So. Holladay Blvd., Holladay, Utah 84117
(“MailTec”)

    AND:

    

    PROVISION MERGER CORP., a body
corporate formed pursuant to the laws of the State of Nevada and a wholly owned
subsidiary of MailTec (the "Merger Sub")

    

    AND:

    

    PROVISION INTERACTIVE TECHNOLOGIES,
INC., a company formed pursuant to the laws of the State of California
and having an office for business located at 9253 Eton Avenue, Chatsworth,
California 91311 ("ProVision")

     

    WHEREAS:

    

    A.              ProVision
is a California corporation engaged in the business of developing, producing,
marketing, distribution and selling 3-D holographic aerial imaging systems,
advertising and media;

    

    B.              MailTec
is a reporting company whose common stock is quoted on the NASD “Bulletin Board”
and which is not presently engaged in any business;

    

    C.              The
respective Boards of Directors of MailTec, ProVision and the Merger Sub deem it
advisable and in the best interests of MailTec, ProVision and the Merger Sub
that ProVision merge with and into the Merger Sub (the "Merger") pursuant to
this Agreement and the Certificate of Merger, and the applicable provisions of
the laws of the State of Nevada and the State of California; and

    

    D.           It
is intended that the Merger shall qualify for United States federal income tax
purposes as a reorganization within the meaning of Section 368 of the Internal
Revenue Code of 1986, as amended.

    

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

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    ARTICLE
1

    DEFINITIONS
AND INTERPRETATION

    

    Definitions

    

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

    

    
      	
              (a)  

            	
              “Acquisition Shares”
      means the 20,879,350 MailTec Common Shares to be issued to the ProVision
      Shareholders and the ProVision Debt Holders at Closing pursuant to the
      terms of the Merger in accordance with Schedule A, annexed
      hereto;

            

    

    

    
      	
              (b)  

            	
              “Agreement” means this
      amended and restated agreement and plan of merger among MailTec, the
      Merger Sub and ProVision;

            

    

    

    
      	
              (c)  

            	
              “Closing” means the
      completion, on the Closing Date, of the transactions contemplated hereby
      in accordance with Article 9
hereof;

            

    

    

    
      	
              (d)  

            	
              “Closing Date” means the
      day on which all conditions precedent to the completion of the transaction
      as contemplated hereby have been satisfied or
  waived;

            

    

    

    
      	
              (e)  

            	
              “Effective Time” means
      the date of the filing of this Agreement and officers’ certificates, as
      applicable, in the form required by State Corporation
  Law;

            

    

    

    
      	
              (f)  

            	
              “MailTec Accounts
      Receivable” means all accounts receivable and other debts owing to
      MailTec, on a consolidated basis,;

            

    

    

    
      	
              (g)  

            	
              “MailTec Assets” means
      the undertaking and all the property and assets of the MailTec Business of
      every kind and description wheresoever situated including, without
      limitation, MailTec Equipment, MailTec Inventory, MailTec Material
      Contracts, MailTec Accounts Receivable, MailTec Cash, MailTec Intangible
      Assets and MailTec Goodwill, and all credit cards, charge cards and
      banking cards issued to MailTec;

            

    

    

    
      	
              (h)  

            	
              “MailTec Business” means
      all aspects of any business conducted by MailTec and its
      subsidiaries;

            

    

    

    
      	
              (i)  

            	
              “MailTec Cash” means all
      cash on hand or on deposit to the credit of MailTec and its subsidiaries
      on the Closing Date;

            

    

    

    
      	
              (j)  

            	
              “MailTec Common Shares”
      means the shares of common stock in the capital of
  MailTec;

            

    

    

    
      	
              (k)  

            	
              “MailTec Equipment” means
      all machinery, equipment, furniture, and furnishings used in the MailTec
      Business;

            

    

    

    
      	
              (l)  

            	
              “MailTec Financial
      Statements” means, collectively, the audited consolidated financial
      statements of MailTec, together with the unqualified auditors' report
      thereon, and the unaudited consolidated financial statements of
      MailTec;

            

    

    

    
      	
              (m)  

            	
              “MailTec Goodwill” means
      the goodwill of the MailTec Business including the right to all corporate,
      operating and trade names associated with the MailTec Business, or any
      variations of such names as part of or in connection with the MailTec
      Business, all books and records and other information relating to the
      MailTec Business, all necessary licenses and authorizations and any other
      rights used in connection with the MailTec
  Business;

            

    

    

    
      	
              (n)  

            	
              “MailTec Intangible
      Assets" means all of the intangible assets of MailTec and its
      subsidiaries, including, without limitation, MailTec Goodwill, all
      trademarks, logos, copyrights, designs, and other intellectual and
      industrial property of MailTec and its
  subsidiaries;

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
              (o)  

            	
              “MailTec Inventory” means
      all inventory and supplies of the MailTec
  Business;

            

    

    

    
      	
              (p)  

            	
              “MailTec Material
      Contracts” means the burden and benefit of and the right, title and
      interest of MailTec and its subsidiaries in, to and under all trade and
      non-trade contracts, engagements or commitments, whether written or oral,
      to which MailTec or its subsidiaries are entitled whereunder MailTec or
      its subsidiaries are obligated to pay or entitled to receive the sum of
      $10,000 or more including, without limitation, any pension plans, profit
      sharing plans, bonus plans, loan agreements, security agreements,
      indemnities and guarantees, any agreements with employees, lessees,
      licensees, managers, accountants, suppliers, agents, distributors,
      officers, directors, attorneys or others which cannot be terminated
      without liability on not more than one month's
  notice;

            

    

    

    
      	
              (q)  

            	
              “Merger” means the
      merger, at the Effective Time, of ProVision and the Merger Sub pursuant to
      this Agreement;

            

    

    

    
      	
              (r)  

            	
              “Place of Closing” means
      the offices of Sichenzia Ross Friedman Ference LLP, or such other place as
      MailTec and ProVision may mutually agree
upon;

            

    

    

    
      	
              (s)  

            	
              “ProVision Accounts
      Receivable” means all accounts receivable and other debts owing to
      ProVision;

            

    

    

    
      	
              (t)  

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

            

    

    

    
      	
              (u)  

            	
              “ProVision Business”
      means all aspects of the business conducted by
  ProVision;

            

    

    

    
      	
              (v)  

            	
              “ProVision Cash” means
      all cash on hand or on deposit to the credit of ProVision on the Closing
      Date;

            

    

    

    
      	
              (w)  

            	
              “ProVision Debt” means
      all of the issued and outstanding convertible promissory notes of
      ProVision;

            

    

    

    
      	
              (x)  

            	
              “ProVision Debt Holders”
      means all of the holders of the issued and outstanding ProVision
      Debt;

            

    

    

    
      	
              (y)  

            	
              “ProVision Equipment”
      means all machinery, equipment, furniture, and furnishings used in the
      ProVision Business;

            

    

    

    
      	
              (z)  

            	
              “ProVision Financial
      Statements” means collectively, the audited consolidated financial
      statements of ProVision, together with the unqualified auditors' report
      thereon;

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              (aa)  

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

            

    

    

    
      	
              (bb)  

            	
              “ProVision Intangible
      Assets” means all of the intangible assets of ProVision, including,
      without limitation, ProVision Goodwill, all trademarks, logos, copyrights,
      designs, and other intellectual and industrial property of ProVision and
      its subsidiaries;

            

    

    

    
      	
              (cc)  

            	
              “ProVision Inventory”
      means all inventory and supplies of the ProVision
  Business;

            

    

    

    
      	
              (dd)  

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

            

    

    

    
      	
              (ee)  

            	
              “ProVision Option” shall
      mean any option to purchase or otherwise acquire ProVision Shares (whether
      or not vested) outstanding under any ProVision Option
  Plan;

            

    

    

    
      	
              (ff)  

            	
              “ProVision Option Plan”
      shall mean (i) ProVision’s 2002 Employee Stock Plan and (ii) any other
      compensatory option plans or contracts of ProVision, including option
      plans or contracts assumed by the ProVision pursuant to a merger or
      acquisition;

            

    

    

    
      	
              (gg)  

            	
              “ProVision Shares” means
      all of the issued and outstanding shares of ProVision's equity
      stock;

            

    

    

    
      	
              (hh)  

            	
              “ProVision Shareholders”
      means all of the holders of the issued and outstanding ProVision
      Shares;

            

    

    

    
      	
              (ii)  

            	
              “ProVision Warrants”
      shall mean any warrant to purchase or otherwise acquire shares of capital
      stock of ProVision;

            

    

    

    
      	
              (jj)  

            	
              “State Corporation Law”
      means either the California General Corporation Law or
      the  Nevada Revised Statutes, as
  applicable;

            

    

    

    
      	
              (kk)  

            	
              “Surviving Company” means
      ProVision following the merger with the Merger
  Sub;

            

    

    

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

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    Captions
and Section Numbers

    

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

    

    Section
References and Schedules

    

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

    

    Severability
of Clauses

    

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

    

    ARTICLE
2

    THE
MERGER

    

    The
Merger

    

    2.1              The
Merger Sub shall be merged with and into ProVision pursuant to this Agreement
and the separate corporate existence of the Merger Sub shall cease and
ProVision, as it exists from and after the Closing, shall be the Surviving
Company.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    Effect
of the Merger

    

    2.2              The
Merger shall have the effect provided therefor by the State Corporation Law.
Without limiting the generality of the foregoing, and subject thereto, at
Closing (i) all the rights, privileges, immunities, powers and franchises, of a
public as well as of a private nature, and all property, real, personal and
mixed, and all debts due on whatever account, including without limitation
subscriptions to shares, and all other choses in action, and all and every other
interest of or belonging to or due to ProVision or the Merger Sub, as a group,
subject to the terms hereof, shall be taken and deemed to be transferred to, and
vested in, the Surviving Company without further act or deed; and all property,
rights and privileges, immunities, powers and franchises and all and every other
interest shall be thereafter as effectually the property of the Surviving
Company, as they were of ProVision and the Merger Sub, as a group, and (ii) all
debts, liabilities, duties and obligations of ProVision and the Merger Sub, as a
group, subject to the terms hereof, shall become the debts, liabilities and
duties of the Surviving Company and the Surviving Company shall thenceforth be
responsible and liable for all debts, liabilities, duties and obligations of
ProVision and the Merger Sub, as a group, and neither the rights of creditors
nor any liens upon the property of ProVision or the Merger Sub, as a group,
shall be impaired by the Merger, and may be enforced against the Surviving
Company.

    

    Certificate
of Incorporation; Bylaws; Directors and Officers

    

    2.3              The
Certificate of Incorporation of the Surviving Company from and after the Closing
shall be the Certificate of Incorporation of ProVision until thereafter amended
in accordance with the provisions therein and as provided by the applicable
provisions of the State Corporation Law.  The Bylaws of the Surviving
Company from and after the Closing shall be the Bylaws of ProVision as in effect
immediately prior to the Closing, continuing until thereafter amended in
accordance with their terms, the Certificate of Incorporation of the Surviving
Company and as provided by the State Corporation Law.  The Directors
of ProVision at the Effective Time shall continue to be the Directors of the
Merger Sub.

    

    Conversion
of Securities

    

    2.4              At
the Effective Time, by virtue of the Merger and without any action on the part
of the Merger Sub or ProVision, the shares of capital stock of each of ProVision
and the Merger Sub shall be converted as follows:

    

    
      	
              (a)  

            	
              Capital Stock of the
      Merger Sub. Each issued and outstanding share of the Merger Sub's
      capital stock shall continue to be issued and outstanding and shall
      represent one share of validly issued, fully paid, and non-assessable
      common stock of the Surviving Company owned by MailTec. Each stock
      certificate of the Merger Sub evidencing ownership of any such shares
      shall continue to evidence ownership of such shares of capital stock of
      the Surviving Company.

            

    

    

    
      	
              (b)  

            	
              Conversion of
      ProVision Shares. Each ProVision Share that is issued and
      outstanding at the Effective Time, set forth on Schedule A, shall
      automatically be cancelled and converted, without any action on the part
      of the holder thereof, into the right to receive two (2) Acquisition
      Shares for each ProVision Share. All such ProVision Shares, when so
      converted, shall no longer be outstanding and shall automatically be
      cancelled and retired and shall cease to exist, and each holder of a
      certificate representing any such shares shall cease to have any rights
      with respect thereto, except the right to receive the Acquisition Shares
      paid in consideration therefor upon the surrender of such certificate in
      accordance with this Agreement.

            

    

    

    
      	
              (c)  

            	
              Conversion of Certain
      ProVision Debt. At the Effective Time the outstanding ProVision
      Debt, held by the ProVision Debt Holders set forth on Schedule A, shall
      automatically be cancelled and extinguished and converted, without any
      action on the part of the holder thereof, into the right to receive
      ProVision Shares, which shall then automatically be cancelled and
      extinguished and converted in accordance with Section
    2.4(b).

            

    

    

    
      	
              (d)  

            	
              Conversion of Certain
      ProVision Warrants. At the Effective Time the outstanding ProVision
      Warrants, held by ProVision Warrant Holders set forth on Schedule A, shall
      automatically be cancelled and extinguished and converted, without any
      action on the part of the holder thereof, into the right to receive
      ProVision Shares, which shall then automatically be cancelled and
      extinguished and converted in accordance with Section
    2.4(b).

            

    

    

    Assumption
of Remaining Options, Warrants and Debt

    

    2.5              At
the Effective Time, by virtue of the Merger and without any action on the part
of the Merger Sub, MailTec or ProVision, the Provision Options, ProVision
Warrants and ProVision Debt shall be assumed by MailTec as follows:

    

    

    
      	
              (a)  

            	
              Assumption of
      Outstanding ProVision Options. At the Effective Time by virtue of
      the transactions contemplated hereunder and without any action on the part
      of the holders of any ProVision Options, each ProVision Option that is
      issued and outstanding immediately prior to the Closing Date, whether or
      not then exercisable, will be assumed by MailTec and converted
      automatically into an option to purchase two (2) MailTec Common Shares
      (“Assumed
      Options”).  Each Assumed Option will continue to have,
      and be subject to, the same terms and conditions set forth in the
      ProVision Option Plan and the agreements evidencing the grant thereof
      immediately prior to the Closing Date, including provisions with respect
      to vesting, except that they shall be exercisable for two (2) of MailTec
      Common Shares.  It is the intention of the parties that each
      Assumed Option that qualified as an incentive stock option (as defined in
      Section 422 of the Code) shall continue to so qualify, to the maximum
      extent permissible, following the Closing
Date.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	
              (b)  

            	
              Assumption of
      ProVision Option Plan. At the Effective Time, MailTec will be able
      to grant stock awards, to the extent permissible by applicable Law and
      regulations, under the terms of the ProVision Option Plan or the terms of
      another plan adopted by MailTec to issue the reserved but unissued
      ProVision Shares under such ProVision Option Plan and the shares that
      would otherwise return to the ProVision Option Plan pursuant to the terms
      thereof, except that (i) ProVision Shares covered by such awards will be
      shares of MailTec Common Shares and (ii) all references to a number of
      ProVision Shares will be changed to reference MailTec Common
      Shares.  Notwithstanding the foregoing, neither ProVision, nor
      any ProVision Stockholder, nor any holder of a ProVision Option, makes any
      representation or warranty or shall have any obligation or any liability
      whatsoever, including without limitation any indemnification obligation
      under this Agreement.

            

    

    

    
      	
              (c)  

            	
              Assumption of
      Outstanding ProVision Warrants. At the Effective Time by virtue of
      the transactions contemplated hereunder and without any action on the part
      of the holders of any ProVision Warrants, except for the ProVision
      Warrants converted in accordance with Section 2.4(d), each ProVision
      Warrant that is issued and outstanding immediately prior to the Closing
      Date will be assumed by MailTec and converted automatically into a warrant
      to purchase twice the number of shares of MailTec Common Shares as set
      forth in the instruments evidencing such ProVision Warrant at the exercise
      price set forth in the instruments evidencing such ProVision
      Warrant.

            

    

    

    
      	
              (d)  

            	
              Assumption of
      Outstanding ProVision Debt. At the Effective Time by virtue of the
      transactions contemplated hereunder and without any action on the part of
      the holders of any ProVision Debt, except for the ProVision Debt converted
      in accordance with Section 2.4(c), all ProVision Debt that is issued and
      outstanding immediately prior to the Closing Date will be assumed by
      MailTec and converted automatically into a debt obligations convertible
      into twice the number of shares of MailTec Common Shares as set forth in
      the instruments evidencing such ProVision Debt at the conversion price set
      forth in the instruments evidencing such ProVision
  Debt.

            

    

    

    Adherence
with Applicable Securities Laws

    

    2.6           The
ProVision Shareholder agrees that he is acquiring the Acquisition Shares for
investment purposes and will not offer, sell or otherwise transfer, pledge or
hypothecate any of the Acquisition Shares issued to them (other than pursuant to
an effective Registration Statement under the Securities Act of 1933, as
amended) directly or indirectly unless:

    

    
      	
              (a)  

            	
              the
      sale is to MailTec;

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              (b)  

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

            

    

    

    
      	
              (c)  

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

            

    

    

    The ProVision Shareholder acknowledges
that the certificates representing the Acquisition Shares shall bear the
following legend:

    

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

    

    

    ARTICLE
3

    REPRESENTATIONS
AND WARRANTIES

    OF
MAILTEC

    

    Representations
and Warranties

    

    3.1              MailTec
represents and warrants in all material respects to ProVision, with the intent
that ProVision will rely thereon in entering into this Agreement and in
approving and completing the transactions contemplated hereby,
that:

    

    MailTec
- Corporate Status and Capacity

    

    
      	
              (a)  

            	
              Incorporation.
      MailTec is a corporation duly incorporated and validly subsisting under
      the laws of the State of Nevada, and is in good standing with the office
      of the Secretary of State for the State of
  Nevada;

            

    

    

    
      	
              (b)  

            	
              Carrying on
      Business. MailTec conducts the business described in its filings
      with the Securities and Exchange Commission and does not conduct any other
      business. The nature of the MailTec Business does not require MailTec to
      register or otherwise be qualified to carry on business in any other
      jurisdictions;

            

    

    

    
      	
              (c)  

            	
              Corporate
      Capacity. MailTec has the corporate power, capacity and authority
      to own the MailTec Assets and to enter into and complete this
      Agreement;

            

    

    

    
      	
              (d)  

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

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    Merger
Sub - Corporate Status and Capacity

    

    
      	
              (e)  

            	
              Incorporation.
      The Merger Sub is a corporation duly incorporated and validly subsisting
      under the laws of the State of Nevada, and is in good standing with the
      office of the Secretary of State for the State of
  Nevada;

            

    

    

    
      	
              (f)  

            	
              Carrying on
      Business. Other than corporate formation and organization, the
      Merger Sub has not carried on business activities to
  date.

            

    

    

    
      	
              (g)  

            	
              Corporate
      Capacity. The Merger Sub has the corporate power, capacity and
      authority to enter into and complete this
  Agreement;

            

    

    

    
       
MailTec
- Capitalization

    

    

    
      	
              (h)  

            	
              Authorized
      Capital. The authorized capital of MailTec consists of 100,000,000
      MailTec Common Shares, $0.001 par value and 4,000,000 shares of preferred
      stock, $0.001 par value, of which 425,516 MailTec Common Shares, and no
      shares of preferred stock are presently issued and
      outstanding;

            

    

    

    
      	
              (i)  

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

            

    

    

    
      	
              (j)  

            	
              Capacity.
      MailTec has the full right, power and authority to enter into this
      Agreement on the terms and conditions contained
  herein;

            

    

    

    Merger
Sub Capitalization

    

    
      	
              (k)  

            	
              Authorized
      Capital. The authorized capital of the Merger Sub consists of
      25,000,000 shares of common stock, $0.001 par value, of which one share of
      common stock is presently issued and
  outstanding;

            

    

    

    
      	
              (l)  

            	
              No Option. No
      person, firm or corporation has any agreement or option or any right
      capable of becoming an agreement or option for the acquisition of any
      common or preferred shares in Merger Sub or for the purchase, subscription
      or issuance of any of the unissued shares in the capital of Merger
      Sub;

            

    

    

    
      	
              (m)  

            	
              Capacity. The
      Merger Sub has the full right, power and authority to enter into this
      Agreement on the terms and conditions contained
  herein;

            

    

    

    
       
MailTec
- Records and Financial Statements

    

    

    
      	
              (n)  

            	
              Charter
      Documents. The charter documents of MailTec and the Merger Sub have
      not been altered since the incorporation of each, respectively, except as
      filed in the record books of MailTec or the Merger Sub, as the case may
      be;

            

    

    

    
      	
              (o)  

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

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      	
              (p)  

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

            

    

    

    
      	
              (q)  

            	
              MailTec Accounts
      Payable and Liabilities. There are no material liabilities,
      contingent or otherwise, of MailTec or its subsidiaries which are not
      disclosed in its filings with the Securities and Exchange Commission or
      reflected in the MailTec Financial Statements except those incurred in the
      ordinary course of business since the date of the said filings and the
      MailTec Financial Statements, and neither MailTec nor its subsidiaries
      have guaranteed or agreed to guarantee any debt, liability or other
      obligation of any person, firm or
corporation;

            

    

    

    
      	
              (r)  

            	
              MailTec Accounts
      Receivable. All the MailTec Accounts Receivable result from bona
      fide business transactions and services actually rendered without, to the
      knowledge and belief of MailTec, any claim by the obligor for set-off or
      counterclaim;

            

    

    

    
      	
              (s)  

            	
              No Debt to Related
      Parties. Neither MailTec nor its subsidiaries are, and on Closing
      will not be, materially indebted to any affiliate, director or officer of
      MailTec except accounts payable on account of bona fide business
      transactions of MailTec incurred in normal course of the MailTec Business,
      including employment agreements, none of which are more than 30 days in
      arrears;

            

    

    

    
      	
              (t)  

            	
              No Related Party Debt
      to MailTec. No director or officer or affiliate of MailTec is now
      indebted to or under any financial obligation to MailTec or its
      subsidiaries on any account whatsoever, except for advances on account of
      travel and other expenses not exceeding $5,000 in
  total;

            

    

    

    
      	
              (u)  

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

            

    

    

    
      	
              (v)  

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

            

    

    

    
      	
              (w)  

            	
              No Pension
      Plans. There are no pension, profit sharing, group insurance or
      similar plans or other deferred compensation plans affecting MailTec or
      its subsidiaries;

            

    

    

    
      	
              (x)  

            	
              No Adverse
      Events. Since the date of the MailTec Financial
      Statements

            

    

    

    
      	
              (i)  

            	
              there
      has not been any material adverse change in the financial position or
      condition of MailTec, its subsidiaries, its liabilities or the MailTec
      Assets or any damage, loss or other change in circumstances materially
      affecting MailTec, the MailTec Business or the MailTec Assets or MailTec’
      right to carry on the MailTec Business, other than changes in the ordinary
      course of business,

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      	
              (ii)  

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

            

    

    

    
      	
              (iii)  

            	
              there
      has not been any material increase in the compensation payable or to
      become payable by MailTec to any of MailTec’ officers, employees or agents
      or any bonus, payment or arrangement made to or with any of
      them,

            

    

    

    
      	
              (iv)  

            	
              the
      MailTec Business has been and continues to be carried on in the ordinary
      course,

            

    

    

    
      	
              (v)  

            	
              MailTec
      has not waived or surrendered any right of material
  value,

            

    

    

    
      	
              (vi)  

            	
              Neither
      MailTec nor its subsidiaries have discharged or satisfied or paid any lien
      or encumbrance or obligation or liability other than current liabilities
      in the ordinary course of business,
and

            

    

    

    
      	
              (vii)  

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

            

    

    

    MailTec
- Income Tax Matters

    

    
      	
              (y)  

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

            

    

    

    
      	
              (z)  

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

            

    

    

    MailTec
- Applicable Laws and Legal Matters

    

    
      	
              (aa)  

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

            

    

    

    
      	
              (bb)  

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

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
      	
              (cc)  

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

            

    

    

    
      	
              (dd)  

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

            

    

    

    
      	
              (ee)  

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

            

    

    

    
      	
              (ff)  

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

            

    

    

    Execution
and Performance of Agreement

    

    
      	
              (gg)  

            	
              Authorization and
      Enforceability. The execution and delivery of this Agreement, and
      the completion of the transactions contemplated hereby, have been duly and
      validly authorized by all necessary corporate action on the part of
      MailTec and the Merger Sub;

            

    

    

    
      	
              (hh)  

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

            

    

    

    
      	
              (i)  

            	
              violate
      the charter documents of MailTec or the Merger Sub or result in any breach
      of, or default under, any loan agreement, mortgage, deed of trust, or any
      other agreement to which MailTec or its subsidiaries are
      party,

            

    

    

    
      	
              (ii)  

            	
              give
      any person any right to terminate or cancel any agreement including,
      without limitation, the MailTec Material Contracts, or any right or rights
      enjoyed by MailTec or its
subsidiaries,

            

    

    

    
      	
              (iii)  

            	
              result
      in any alteration of MailTec’ or its subsidiaries’ obligations under any
      agreement to which MailTec or its subsidiaries are party including,
      without limitation, the MailTec Material
  Contracts,

            

    

    

    
      	
              (iv)  

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

            

    

    

    
      	
              (v)  

            	
              result
      in the imposition of any tax liability to MailTec or its subsidiaries
      relating to the MailTec Assets, or

            

    

    

    
      	
              (vi)  

            	
              violate
      any court order or decree to which either MailTec or its subsidiaries are
      subject;

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    The
MailTec Business

    

    
      	
              (ii)  

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

            

    

    

    
      	
              (jj)  

            	
              Subsidiaries.
      Except for the Merger Sub, MailTec does not own any subsidiaries and does
      not otherwise own, directly or indirectly, any shares or interest in any
      other corporation, partnership, joint venture or firm;
  and

            

    

    

    MailTec
- Acquisition Shares

    

    
      	
              (kk)  

            	
              Acquisition
      Shares. The Acquisition Shares when delivered to the holders of
      ProVision Shares pursuant to the Merger shall be validly issued and
      outstanding as fully paid and non-assessable shares and the Acquisition
      Shares shall be transferable upon the books of MailTec, in all cases
      subject to the provisions and restrictions of all applicable securities
      laws.

            

    

    

    Non-Merger
and Survival

    

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

    

    Indemnity

    

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

    

    

    ARTICLE
4

    COVENANTS
OF MAILTEC

    

    Covenants

    

    4.1              MailTec
covenants and agrees with ProVision that it will:

    

    
      	
              (a)  

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

            

    

    

    
      	
              (b)  

            	
              Preservation of
      Business.  Until the Closing, use its best efforts to
      preserve the MailTec Business and the MailTec Assets and, without
      limitation, preserve for ProVision MailTec’ and its subsidiaries’
      relationships with any third party having business relations with
      them;

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      	
              (c)  

            	
              Access. Until
      the Closing, give ProVision, the ProVision Shareholder, and their
      representatives full access to all of the properties, books, contracts,
      commitments and records of MailTec, and furnish to ProVision, the
      ProVision Shareholder and their representatives all such information as
      they may reasonably request;

            

    

    

    
      	
              (d)  

            	
              Procure
      Consents. Until the Closing, take all reasonable steps required to
      obtain, prior to Closing, any and all third party consents required to
      permit the Merger and to preserve and maintain the MailTec Assets
      notwithstanding the change in control of ProVision arising from the
      Merger; and

            

    

    

    
      	
              (e)  

            	
              Name Change.
      Forthwith after the Closing, take such steps are required to change the
      name of MailTec as may be acceptable to the board of directors of
      ProVision.

            

    

    

    Authorization

    

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

    

    Survival

    

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

    

    

    ARTICLE
5

    REPRESENTATIONS
AND WARRANTIES OF

    PROVISION

    

    Representations
and Warranties

    

    5.1              ProVision
represents and warrants in all material respects to MailTec, with the intent
that it will rely thereon in entering into this Agreement and in approving and
completing the transactions contemplated hereby, that:

    

    ProVision
- Corporate Status and Capacity

    

    
      	
              (a)  

            	
              Incorporation.
      ProVision is a corporation duly incorporated and validly subsisting under
      the laws of the State of California, and is in good standing with the
      office of the Secretary of State for the State of
    California;

            

    

    

    
      	
              (b)  

            	
              Corporate
      Capacity. ProVision has the corporate power, capacity and authority
      to own ProVision Assets, to carry on the Business of ProVision and to
      enter into and complete this
Agreement;

            

    

    

    ProVision
- Capitalization

    

    
      	
              (c)  

            	
              Authorized
      Capital. The authorized capital of ProVision consists of 25,000,000
      shares of common stock, no par
value;

            

    

    

    
      	
              (d)  

            	
              Ownership of ProVision
      Shares. The issued and outstanding shares of ProVision common stock
      will on Closing consist of 7,677,500 shares of common stock,  no
      par value, (being the ProVision Shares), which shares on Closing shall be
      validly issued and outstanding as fully paid and non-assessable shares.
      The ProVision Shareholders at Closing will be the registered and
      beneficial owners of the ProVision Shares. The ProVision Shares owned by
      the ProVision Shareholders will on Closing be free and clear of any and
      all liens, charges, pledges, encumbrances, restrictions on transfer and
      adverse claims whatsoever;

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    
      	
              (e)  

            	
              Options, Warrants or
      Other Rights. Except as set forth on Schedule 5.1, annexed hereto,
      no person, firm or corporation has any agreement, option, warrant,
      preemptive right or any other right capable of becoming an agreement,
      option, warrant or right for the acquisition of ProVision Shares held by
      the ProVision Shareholders or for the purchase, subscription or issuance
      of any of the unissued shares in the capital of
  ProVision;

            

    

    

    ProVision
- Records and Financial Statements

    

    
      	
              (f)  

            	
              Charter
      Documents. The charter documents of ProVision have not been altered
      since its incorporation date, except as filed in the record books of
      ProVision;

            

    

    

    
      	
              (g)  

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

            

    

    

    
      	
              (h)  

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

            

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    
      	
              (i)  

            	
              ProVision Accounts
      Payable and Liabilities. There are no material liabilities,
      contingent or otherwise, of ProVision which are not disclosed in the
      ProVision Financial Statements except those incurred in the ordinary
      course of business since the date of the said schedule and the ProVision
      Financial Statements, and ProVision has not guaranteed or agreed to
      guarantee any debt, liability or other obligation of any person, firm or
      corporation;

            

    

    

    
      	
              (j)  

            	
              ProVision Accounts
      Receivable. All ProVision Accounts Receivable result from bona fide
      business transactions and services actually rendered without, to the
      knowledge and belief of ProVision, any claim by the obligor for set-off or
      counterclaim;

            

    

    

    
      	
              (k)  

            	
              No Debt to Related
      Parties. ProVision is not, and on Closing will not be, materially
      indebted to the ProVision Shareholder nor to any family member thereof,
      nor to any affiliate, director or officer of ProVision or the ProVision
      Shareholder except accounts payable on account of bona fide business
      transactions of ProVision incurred in normal course of ProVision Business,
      including employment agreements with the ProVision Shareholder, none of
      which are more than 30 days in
arrears;

            

    

     

    
      	
              (l)  

            	
              No Related Party Debt
      to ProVision. Neither the ProVision Shareholder nor any director,
      officer or affiliate of ProVision are now indebted to or under any
      financial obligation to ProVision on any account whatsoever, except for
      advances on account of travel and other expenses not exceeding $5,000 in
      total;

            

    

    

    
      	
              (m)  

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

            

    

    

    
      	
              (n)  

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

            

    

    

    
      	
              (o)  

            	
              No Pension
      Plans. There are no pension, profit sharing, group insurance or
      similar plans or other deferred compensation plans affecting
      ProVision;

            

    

    

    
      	
              (p)  

            	
              No Adverse
      Events. Since the date of the ProVision Financial
      Statements:

            

    

    

    
      	
              (i)  

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

            

    

    

    
      	
              (ii)  

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

            

    

    

    
      	
              (iii)  

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

            

    

    

    
      	
              (iv)  

            	
              the
      ProVision Business has been and continues to be carried on in the ordinary
      course,

            

    

    

    
      	
              (v)  

            	
              ProVision
      has not waived or surrendered any right of material
  value,

            

    

    

    
      	
              (vi)  

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

            

    

    

    
      	
              (vii)  

            	
              no
      capital expenditures in excess of $10,000 individually or $30,000 in total
      have been authorized or made, except with respect to the procurement of
      raw materials, tooling, prototypes, and operating expenditures and
      purchases for the purpose of building kiosks to support Provision’s
      business plans as a media based company in the grocery industry, which
      purchases later may be capitalized;

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    ProVision
- Income Tax Matters

    

    
      	
              (q)  

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

            

    

    

    
      	
              (r)  

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

            

    

    

    
       
ProVision
- Applicable Laws and Legal Matters

    

    

    
      	
              (s)  

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

            

    

    

    
      	
              (t)  

            	
              Applicable
      Laws. ProVision has not been charged with or received notice of
      breach of any laws, ordinances, statutes, regulations, by-laws, orders or
      decrees to which it is subject or which applies to it the violation of
      which would have a material adverse effect on the ProVision Business, and,
      to ProVision’s knowledge, ProVision is not in breach of any laws,
      ordinances, statutes, regulations, by-laws, orders or decrees the
      contravention of which would result in a material adverse impact on the
      ProVision Business;

            

    

    

    
      	
              (u)  

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

            

    

    

    
      	
              (v)  

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

            

    

    

    
      	
              (w)  

            	
              Labor Matters.
      ProVision is not a party to any collective agreement relating to the
      ProVision Business with any labor union or other association of employees
      and no part of the ProVision Business has been certified as a unit
      appropriate for collective bargaining or, to the knowledge of ProVision,
      has made any attempt in that regard and ProVision has no reason to believe
      that any current employees will leave ProVision's employ as a result of
      this Merger.

            

    

    

    
      	
              (x)  

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

            

    

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    Execution
and Performance of Agreement

    

    
      	
              (y)  

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

            

    

    

    
      	
              (z)  

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

            

    

    

    
      	
              (i)  

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

            

    

    

    
      	
              (ii)  

            	
              give
      any person any right to terminate or cancel any agreement including,
      without limitation, ProVision Material Contracts, or any right or rights
      enjoyed by ProVision,

            

    

    

    
      	
              (iii)  

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

            

    

    

    
      	
              (iv)  

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

            

    

    

    
      	
              (v)  

            	
              result
      in the imposition of any tax liability to ProVision relating to ProVision
      Assets or the ProVision Shares, or

            

    

    

    
      	
              (vi)  

            	
              violate
      any court order or decree to which either ProVision is
      subject;

            

    

    

    
      	
               
      

            	
              The
      Business of ProVision

            

    

    

    
      	
              (aa)  

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

            

    

    

    
      	
              (bb)  

            	
              Subsidiaries.
      Except as disclosed in its Private Offering Memorandum, dated as of April
      20, 2007, or financial statements, ProVision does not own any subsidiaries
      and does not otherwise own, directly or indirectly, any shares or interest
      in any other corporation, partnership, joint venture or firm and ProVision
      does not own any subsidiary and does not otherwise own, directly or
      indirectly, any shares or interest in any other corporation, partnership,
      joint venture or firm.

            

    

    

    Non-Merger
and Survival

    

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

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    Indemnity

    

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

    

    

    ARTICLE
6

    COVENANTS
OF PROVISION AND

    THE
PROVISION SHAREHOLDER

    

    Covenants

    

    6.1              ProVision
covenants and agrees with MailTec that they will:

    

    
      	
              (a)  

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

            

    

    

    
      	
              (b)  

            	
              Preservation of
      Business.  Until the Closing, use their best efforts to
      preserve the ProVision Business and the ProVision Assets and, without
      limitation, preserve for MailTec ProVision’s relationships with their
      suppliers, customers and others having business relations with
      them;

            

    

    

    
      	
              (c)  

            	
              Access. Until
      the Closing, give MailTec and its representatives full access to all of
      the properties, books, contracts, commitments and records of ProVision
      relating to ProVision, the ProVision Business and the ProVision Assets,
      and furnish to MailTec and its representatives all such information as
      they may reasonably request;

            

    

    

    
      	
              (d)  

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

            

    

    

    
      	
              (e)  

            	
              Reporting and Internal
      Controls. From and after the Effective Time, the ProVision
      Shareholder shall forthwith take all required actions to implement
      internal controls on the business of the Surviving Company to ensure that
      the Surviving Company and MailTec comply with Section 13(b)(2) of the
      Securities and Exchange Act of
1934;

            

    

    

    
      	
              (f)  

            	
              Audited Financial
      Statements.  Immediately upon execution of this
      Agreement, cause to be prepared audited financial statements of ProVision
      in compliance with the requirements of Regulation SB as promulgated by the
      Securities and Exchange Commission, such audited financial statements to
      be provided no later than 74 days after the Closing Date;
    and

            

    

    

    
      	
              (g)  

            	
              Name Change.
      Forthwith after the Closing, take such steps are required to change the
      name of MailTec as may be acceptable to the board of directors of
      MailTec.

            

    

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    Authorization

    

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

    

    Survival

    

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

    

    

    ARTICLE
7

    CONDITIONS
PRECEDENT

    

    Conditions
Precedent in favor of MailTec

    

    7.1              MailTec’
obligations to carry out the transactions contemplated hereby are subject to the
fulfillment of each of the following conditions precedent on or before the
Closing:

    

    
      	
              (a)  

            	
              all
      documents or copies of documents required to be executed and delivered to
      MailTec hereunder will have been so executed and
  delivered;

            

    

    

    
      	
              (b)  

            	
              all
      of the terms, covenants and conditions of this Agreement to be complied
      with or performed by ProVision or the ProVision Shareholder at or prior to
      the Closing will have been complied with or
  performed;

            

    

    

    
      	
              (c)  

            	
              MailTec
      shall have completed its review and inspection of the books and records of
      ProVision and shall be satisfied with same in all material
      respects;

            

    

    

    
      	
              (d)  

            	
              title
      to the ProVision Shares held by the ProVision Shareholder and to the
      ProVision Assets will be free and clear of all mortgages, liens, charges,
      pledges, security interests, encumbrances or other claims whatsoever, save
      and except as disclosed herein;

            

    

    

    
      	
              (e)  

            	
              the
      Certificate of Merger shall be executed by ProVision in form acceptable
      for filing with State Corporation Law, as
  appliacable;

            

    

    

    
      	
              (f)  

            	
              subject
      to Article 8 hereof, there will not have
  occurred

            

    

    

    
      	
              (i)  

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

            

    

    

    
      	
              (ii)  

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

            

    

    

    
      	
              (g)  

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

            

    

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    Waiver
by MailTec

    

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

    

    Conditions
Precedent in Favor of ProVision and the ProVision Shareholder

    

    7.3              The
obligation of ProVision and the ProVision Shareholder to carry out the
transactions contemplated hereby is subject to the fulfillment of each of the
following conditions precedent on or before the Closing:

    

    
      	
              (a)  

            	
              all
      documents or copies of documents required to be executed and delivered to
      ProVision hereunder will have been so executed and
    delivered;

            

    

    

    
      	
              (b)  

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

            

    

    

    
      	
              (c)  

            	
              ProVision
      shall have completed its review and inspection of the books and records of
      MailTec and its subsidiaries and shall be satisfied with same in all
      material respects;

            

    

    

    
      	
              (d)  

            	
              MailTec
      will have delivered the Acquisition Shares to be issued pursuant to the
      terms of the Merger to ProVision at the Closing and the Acquisition Shares
      will be registered on the books of MailTec in the name of the holder of
      ProVision Shares at the Effective
Time;

            

    

    

    
      	
              (e)  

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

            

    

    

    
      	
              (f)  

            	
              the
      Certificate of Merger shall be executed by the Merger Sub in form
      acceptable for filing with State Corporation Law, as
      applicable;

            

    

    

    
      	
              (g)  

            	
              subject
      to Article 8 hereof, there will not have
  occurred

            

    

    

    
      	
              (i)  

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

            

    

    

    
      	
              (ii)  

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

            

    

    

    
      	
              (h)  

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

            

    

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    Waiver
by ProVision and the ProVision Shareholder

    

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

    

    Nature
of Conditions Precedent

    

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

    

    Confidentiality

    

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

    

    ARTICLE
8

    RISK

    

    Material
Change in the Business of ProVision

    

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

    

    
      	
              (a)  

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

            

    

    

    
      	
              (b)  

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

            

    

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    Material
Change in the MailTec Business

    

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

    

    
      	
              (a)  

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

            

    

    

    
      	
              (b)  

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

            

    

     

    ARTICLE
9

    CLOSING

    

    Closing

    

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

    

    Documents
to be Delivered by ProVision

    

    9.2              On
or before the Closing, ProVision and the ProVision Shareholder will deliver or
cause to be delivered to MailTec:

    

    
      	
              (a)  

            	
              the
      original or certified copies of the charter documents of ProVision and all
      corporate records documents and instruments of ProVision, the corporate
      seal of ProVision and all books and accounts of
  ProVision;

            

    

    

    
      	
              (b)  

            	
              all
      reasonable consents or approvals required to be obtained by ProVision for
      the purposes of completing the Merger and preserving and maintaining the
      interests of ProVision under any and all ProVision Material Contracts and
      in relation to ProVision Assets;

            

    

    

    
      	
              (c)  

            	
              certified
      copies of such resolutions of the directors of ProVision as are required
      to be passed to authorize the execution, delivery and implementation of
      this Agreement;

            

    

    

    
      	
              (d)  

            	
              an
      acknowledgement from ProVision of the satisfaction of the conditions
      precedent set forth in section 7.3
hereof;

            

    

    

    
      	
              (e)  

            	
              the
      Certificate of Merger, duly executed by ProVision;
  and

            

    

    

    
      	
              (f)  

            	
              such
      other documents as MailTec may reasonably require to give effect to the
      terms and intention of this
Agreement.

            

    

    

    Documents
to be Delivered by MailTec

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    9.3              On
or before the Closing, MailTec shall deliver or cause to be delivered to
ProVision and the ProVision Shareholder:

    

    
      	
              (a)  

            	
              share
      certificates representing the Acquisition Shares duly registered in the
      names of the holders of shares of ProVision Common
  Stock;

            

    

    

    
      	
              (b)  

            	
              certified
      copies of such resolutions of the directors of MailTec as are required to
      be passed to authorize the execution, delivery and implementation of this
      Agreement;

            

    

    

    
      	
              (c)  

            	
              a
      certified copy of a resolution of the directors of MailTec dated as of the
      Closing Date appointing the nominees of ProVision as officers of
      ProVision;

            

    

    

    
      	
              (d)  

            	
              a
      resolution of the directors of MailTec appointing the nominees of the
      ProVision Shareholders to the board of directors of
    MailTec;

            

    

    

    
      	
              (e)  

            	
              resignations
      of all of the officers and directors of MailTec as of the Closing
      Date;

            

    

    

    
      	
              (f)  

            	
              an
      acknowledgement from MailTec of the satisfaction of the conditions
      precedent set forth in section 7.1
hereof;

            

    

    

    
      	
              (g)  

            	
              the
      Certificate of Merger, duly executed by the Merger
  Sub;

            

    

    

    
      	
              (h)  

            	
              such
      other documents as ProVision may reasonably require to give effect to the
      terms and intention of this
Agreement.

            

    

     

    ARTICLE
10

    POST-CLOSING
MATTERS

    

    Forthwith after the Closing, MailTec,
ProVision and the ProVision Shareholder agree to use all their best efforts
to:

    

    
      	
              (a)  

            	
              file
      the Certificate of Merger in accordance with State Corporation Law, as
      applicable;

            

    

    

    
      	
              (b)  

            	
              issue
      a news release reporting the
Closing;

            

    

    

    

    
      	
              (c)  

            	
              file
      a Form 8-K with the Securities and Exchange Commission disclosing the
      terms of this Agreement and, not more than 60 days following the filing of
      such Form 8-K, to file an amended Form 8-K which includes audited
      financial statements of ProVision as well as pro forma financial
      information of ProVision and MailTec as required by Regulation SB as
      promulgated by the Securities and Exchange
  Commission;

            

    

    

    
      	
              (d)  

            	
              take
      such steps are required to change the name of MailTec as may be acceptable
      to the board of directors of
MailTec.

            

    

    

    ARTICLE
11

    GENERAL
PROVISIONS

    

    Arbitration

    

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

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

    Notice

    

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

    

    Addresses
for Service

    

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

    

    
      	
              (a)  

            	
              MailTec
      or the Merger Sub:

            

    

    

    4774 So.
Holladay Blvd.

    Holladay,
Utah 84117

    Attention:  David
Stefansky

    Telephone
no. (801) 274-2220

    Facsimile
no.

    

    With a
copy to:

    Nathan W.
Drage, P.C.

    4766
Holladay Blvd.

    Holladay,  UT  84117

    ________

    _____________

                                   
_____________

    Attn:  _Nathan
W. Drage____________

    Telephone
no. __801-273-9300___________

    

    Facsimile
no.  _801-273-9314____________

    

    
      	
              (b)  

            	
              ProVision

            

    

    

    9253 Eton
Avenue

    Chatsworth,
California 91311

    Attention:
Curt Thornton

    Telephone
no. (818) 775-1624

    Facsimile
no.  (818) 775-1628

    

    With a
copy to:

    

    Sichenzia
Ross Friedman Ference LLP

    61
Broadway

    New York,
New York 10006

    Attn:  Andrea
Cataneo, Esq.

    Phone:  (212)
930-9700

    Telecopier:  (212)
930-9725

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    Change
of Address

    

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

    

    Further
Assurances

    

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

    

    Time
of the Essence

    

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

    

    Entire
Agreement

    

    11.7              The
provisions contained herein constitute the entire agreement among ProVision, the
ProVision Shareholder, the Merger Sub and MailTec respecting the subject matter
hereof and supersede all previous communications, representations and
agreements, whether verbal or written, among ProVision, the ProVision
Shareholder, the Merger Sub and MailTec with respect to the subject matter
hereof.

    

    Enurement

    

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

    

    Assignment

    

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

    

    Counterparts

    

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

    

    Applicable
Law

    

    11.11                      This
Agreement is subject to the laws of the State of California.

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

     

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

     

    
      
        	MAILTEC HOLDINGS,
      INC.	 
	 	 	 
	
                By:
      

              	/s/ Jeff
      A. Hanks  	 
	 	Jeff
      A. Hanks	 
	 	President
      and Secretary	 

      

    

     

     

    
      
        
          	PROVISION MERGER CORP.	 
	 	 	 
	
                  By:
      

                	/s/  Curt
      Thornton	 
	 	Curt
      Thornton	 
	 	President
      and Secretary	 

        

      

      
 

    

    
      
        
          	PROVISION INTERACTIVE TECHNOLOGIES,
      INC.	 
	 	 	 
	
                  By:
      

                	/s/ Curt
      Thornton      	 
	 	Curt
      Thornton	 
	 	President	 

        

      

       

    

    
      
        
          
            	 	 
	 	 	 
	
                    By:
      

                  	/s/ Bob
      Ostrander   	 
	 	Bob
      Ostrander	 
	 	Secretary	 

          

        

         

      

    

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

       

      SCHEDULE  A

    

    

    Capitalization

     

    
      	 
      	
              ProVision
      Shares

            	
              Acquisition
      Shares

            
	
              Current
      ProVision Shareholders

            	
              7,677,500

            	
              15,355,000

            
	
              Curt
      Thornton

            	
              400,000

            	
              800,000

            
	
              Bob
      Ostrander

            	
              300,000

            	
              600,000

            
	
              Jeff
      Vrachan

            	
              300,000

            	
              600,000

            
	
              Thomas
      E. Nix III

            	
              107,742

            	
              215,484

            
	
              Gregory
      Seifert

            	
              161,242

            	
              322,485

            
	
              Joseph
      D.McMahon

            	
              69,854

            	
              139,708

            
	
              Shawn
      Holmes

            	
              53,734

            	
              107,467

            
	
              Joel
      Yanowitz

            	
              85,908

            	
              171,816

            
	
              Scott
      D.Christensen

            	
              26,846

            	
              53,693

            
	
              Kevin
      Sullivan

            	
              53,693

            	
              107,385

            
	
              Joel
      Franciosa

            	
              26,819

            	
              53,638

            
	
              Stephen
      Sullivan

            	
              26,743

            	
              53,487

            
	
              A.
      Hosseinioun & S.Shooshtary

            	
              53,459

            	
              106,918

            
	
              Gerald
      Yanowitz

            	
              53,404

            	
              106,809

            
	
              Karen
      A. Meena

            	
              26,633

            	
              53,267

            
	
              George
      H. David

            	
              26,627

            	
              53,253

            
	
              Charles
      Gullo & Michelle Meena

            	
              26,606

            	
              53,212

            
	
              Thomas
      Dunn

            	
              26,489

            	
              52,979

            
	
              Richard
      B. & Sherry L.Payne

            	
              158,318

            	
              316,637

            
	
              Ronald
      Landsman

            	
              20,972

            	
              41,944

            
	
              Joseph
      D. McMahon

            	
              36,624

            	
              73,248

            
	
              Scott
      D.Christensen

            	
              26,050

            	
              52,100

            
	
              Joseph
      D. McMahon

            	
              77,883

            	
              155,765

            
	
              Kevin
      Sullivan

            	
              51,908

            	
              103,816

            
	
              Joel
      Franciosa

            	
              25,927

            	
              51,853

            
	
              Stephen
      Sullivan

            	
              51,771

            	
              103,542

            
	
              Dennis
      Trainor

            	
              25,789

            	
              51,579

            
	
              John
      A. Rowel

            	
              51,565

            	
              103,130

            
	
              Kevin
      Sullivan

            	
              51,551

            	
              103,102

            
	
              Jonathan
      Shane

            	
              256,932

            	
              513,864

            
	
              Seifert
      Family Trust

            	
              25,666

            	
              51,332

            
	
              Josiah
      Lilly

            	
              50,316

            	
              100,631

            
	
              Charles
      Gullo & Michelle Meena

            	
              25,103

            	
              50,206

            
	 
      	 
      	 
      
	
              Totals

            	
              10,439,674

            	
              20,879,350

            

    

     

    Total
MailTec Shares Post Merger - 24,126,438

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    Schedule
5.1

    

    
      	
              ·  

            	
              Millennium
      Hanson – Piggyback registration rights (details on due diligence FTP
      site)

            

    

     

    
      	
              ·  

            	
              Catalpa
      Enterprises – Piggyback registration rights; Preemptive Rights (details on
      due diligence FTP site)

            

    

     

    
      	
              ·  

            	
              Warrants
      (not included in 6/30/07 audited financials or Due Diligence FTP
      site)

            

    

     

    
      	
              o  

            	
              Tracey
      Yeager – 25,000

            

    

     

    
      	
              o  

            	
              Patrick
      Maes – 60,000

            

    

     

    
      	
              o  

            	
              Bob
      Ostrander – 100,000

            

    

     

    
      	
              o  

            	
              Curt
      Thornton – 140,000

            

    

     

     

    29

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