Document:

<PAGE>

PROVISIONS OF THE ARTICLES OF INCORPORATION AND BYLAWS EFFECTING SHAREHOLDER
RIGHTS

BYLAWS

                                   ARTICLE II

                            MEETINGS OF SHAREHOLDERS

     Section 1. All meetings of the shareholders for the election of directors
shall be held at such place either within or without the State of New York as
shall be designated from time to time by the Board and stated in the notice of
the meeting. Meetings of shareholders for any other purpose may be held at such
time and place, within or without the State of New York, as shall be stated in
the notice of the meeting or in a duly executed waiver of notice thereof.

     Section 2. Annual meetings of the shareholders shall be held in the month
of April in each year on such day and at such time as the Board shall designate,
or such other date as they be designated by the Board and stated in the notice
of the meeting, at which they shall elect directors by a plurality vote and
transact such other business as may properly be brought before the meeting.

     Section 3. Written notice of the annual meeting stating the place, date and
hour of the meeting shall be given to each shareholder entitled to vote at such
meeting not less than ten (10) nor more than sixty (60) days before the date of
the meeting. Unless provided in the certificate of incorporation of the New York
Business Corporation Law, notice of the annual meeting is not required to
contain a description of the purpose or purposes of the meeting.

     Section 4. A list of shareholders as of the record date, certified by the
corporate officer responsible for its preparation or by a transfer agent, shall
be produced at any meeting upon the request thereat or prior thereto of any
shareholder. If the right to vote at any meeting is

<PAGE>

challenged, the inspectors of election, or person presiding thereat, shall
require such list of shareholders to be produced as evidence of the right of the
persons challenged to vote at such meeting and all persons who appear from such
list to be shareholders entitled to vote thereat may vote at such meeting.

     Section 5. Special meetings of the shareholders, for any purpose or
purposes, unless otherwise prescribed by statute or by the certificate of
incorporation, may be called by the president or by the Board and shall be
called by the secretary of the Corporation upon receipt of one or more written
demands for a special meeting by the holders of the requisite percentage of
votes specified by the New York Business Law. Such request shall state the
purpose or purposes of the proposed meeting. Unless otherwise prescribed by
statute or by the certificate of incorporation, shareholders of this Corporation
shall not be entitled to request a special meeting of shareholders.

     Section 6. Written notice of a special meeting stating the place, date and
hour of the meeting and the purpose or purposes for which the meeting is called,
shall be given not less than ten (10) nor more than sixty (60) days before the
date of the meeting, to each shareholder entitled to vote at such meeting. The
notice should also indicate that it is being issued by, or at the direction of,
the person calling the meeting.

     Section 7. Business transacted at any special meeting of shareholders shall
be limited to the purposes stated in the notice.

     Section 8. The holders of a majority of the stock issued and outstanding
and entitled to vote thereat, present in person or represented by proxy, shall
constitute a quorum at all meetings of the shareholders for the transaction of
business except as otherwise provided by statute or by the certificate of
incorporation. When a quorum is once present it will not be broken by the

                                        2

<PAGE>

subsequent withdrawal of any shareholder. If, however, such quorum shall not be
present or represented at any meeting of the shareholders, the shareholders
entitled to vote thereat, present in person or represented by proxy, shall have
power to adjourn the meeting from time to time, without notice other than
announcement at the meeting, until a quorum shall be present or represented. At
such adjourned meeting at which a quorum shall be present or represented any
business may be transacted which might have been transacted at the meeting as
originally notified. If the adjournment is for more than thirty days, or if
after the adjournment a new record date is fixed for the adjourned meeting, a
notice of the adjourned meeting shall be given to each shareholder of record
entitled to vote at the meeting.

     Section 9. When a quorum is present at any meeting, the vote of the holders
of a majority of the issued and outstanding shares entitled to vote shall decide
any question brought before such meeting, unless the question is one upon which
by express provision of the statutes or of the certificate of incorporation, a
different vote is required in which case such express provision shall govern and
control the decision of such question.

     Section 10. Unless otherwise provided in the certificate of incorporation
each shareholder shall at every meeting of the shareholders be entitled to one
vote in person or by proxy for each share of the capital stock having voting
power held by such shareholder, but no proxy shall be voted on after eleven (11)
months from its date, unless the proxy provides for a longer period.

     Section 11. Whenever shareholders are required or permitted to take any
action by vote, such action may be taken without a meeting on written consent,
setting forth the action so taken, signed by the holders of all outstanding
shares entitled to vote thereon or, if the certificate of incorporation so
permits, signed by the holders of outstanding shares having not less than the

                                        3

<PAGE>

minimum number of votes that would be necessary to authorize or take such action
at a meeting at which all shares entitled to vote thereon were present and
voted. Prompt notice of the taking of the corporate action without a meeting by
less than unanimous written consent shall be given to those shareholders who
have not consented in writing.

                                   ARTICLE IV

                                     NOTICES

     Section 1. Whenever, under the provisions of the statutes or of the
certificate of incorporation or these bylaws, notice is required to be given to
any director or shareholder, such notice may be given in writing, by mail,
addressed to such director or shareholder, at his address as it appears on the
records of the Corporation, with postage thereon prepaid, and such notice shall
be deemed to be given at the time when the same shall be deposited in the United
States mail. Notice to directors may also be given by personal delivery,
telegram or telefax.

     Section 2. Whenever any notice is required to be given under the provisions
of the statutes or of the certificate of incorporation or of these bylaws, a
waiver thereof in writing, signed by the person or persons entitled to said
notice, whether before or after the time stated therein, shall be deemed
equivalent thereto.

                                   ARTICLE VI

                             CERTIFICATES FOR SHARES

     Section 1. The shares of the Corporation shall be represented by a
certificate or certificates. Each certificate shall be signed by, or in the name
of the Corporation by, the president, or vice-president and the treasurer or the
secretary of the Corporation.

                                        4

<PAGE>

     Section 2. Any of or all the signatures on a certificate may be facsimile
if the certificate is countersigned by a transfer agent or registered by a
registrar other than the Corporation itself or an employee of the Corporation,
or if the shares are listed on a national security exchange. In case any
officer, transfer agent or registrar who has signed or whose facsimile signature
has been placed upon a certificate shall have ceased to be such officer,
transfer agent or registrar before such certificate is issued, it may be issued
by the Corporation with the same effect as if he were such officer, transfer
agent or registrar at the date of issue.

                                LOST CERTIFICATES

     Section 3. The Board may direct a new certificate or certificates or
uncertificated shares to be issued in place of any certificate or certificates
theretofore issued by the Corporation alleged to have been lost, stolen or
destroyed, upon the making of an affidavit of that fact by the person claiming
the certificate of stock to be lost, stolen or destroyed. When authorizing such
issue of a new certificate or certificates or uncertificated shares, the Board
may, in its discretion and as a condition precedent to the issuance thereof,
require the owner of such lost, stolen or destroyed certificate or certificates,
or his legal representative, to advertise the same in such manner as it shall
require and/or to give the Corporation a bond in such sum as it may direct as
indemnity against any claim that may be made against the Corporation with
respect to the certificate alleged to have been lost, stolen or destroyed.

                                TRANSFER OF STOCK

     Section 4. Upon surrender to the Corporation or the transfer agent of the
Corporation of a certificate for shares duly endorsed or accompanied by proper
evidence of succession, assignation or authority to transfer, it shall be the
duty of the Corporation to issue a new certificate to the person entitled
thereto, cancel the old certificate and record the transaction upon

                                        5

<PAGE>

its books. Upon receipt of proper transfer instructions from the registered
owner of uncertificated shares such uncertificated shares shall be canceled and
issuance of new equivalent uncertificated shares or certificated shares shall be
made to the person entitled thereto and the transaction shall be recorded upon
the books of the Corporation.

                               FIXING RECORD DATE

     Section 5. In order that the Corporation may determine the shareholders
entitled to notice of or to vote at any meeting of shareholders or any
adjournment thereof, or to express consent to corporate action in writing
without a meeting, or entitled to receive payment of any dividend or other
distribution or allotment of any rights, or entitled to exercise any rights in
respect of any change, conversion or exchange of stock or for the purpose of any
other lawful action, the Board may fix, in advance, a record date, which shall
not be more than sixty (60) nor less than ten (10) days before the date of such
meeting, nor more than sixty (60) days prior to any other action. A
determination of shareholders of record entitled to notice of or to vote at a
meeting of shareholders shall apply to any adjournment of the meeting; provided,
however, that the Board may fix a new record date for the adjourned meeting.

                             REGISTERED SHAREHOLDERS

     Section 6. The Corporation shall be entitled to recognize the exclusive
right of a person registered on its books as the owner of shares to receive
dividends, and to vote as such owner, and to hold liable for calls and
assessments a person registered on its books as the owner of shares, and shall
not be bound to recognize any equitable or other claim to or interest in such
share or shares on the part of any other person, whether or not it shall have
express or other notice thereof, except as otherwise provided by the laws of New
York.

                                        6

<PAGE>

                                   ARTICLE VII

                               GENERAL PROVISIONS

                                    DIVIDENDS

     Section 1. Dividends upon the capital stock of the Corporation, subject to
the provisions of the certificate of incorporation, if any, may be declared by
the Board at any regular or special meeting, pursuant to law. Dividends may be
paid in cash, in property, or in shares of the capital stock, subject to the
provisions of the certificate of incorporation.

     Section 2. Before payment of any dividend, there may be set aside out of
any funds of the Corporation available for dividends such sum or sums as the
directors from time to time, in their absolute discretion, think proper as a
reserve or reserves to meet contingencies, or for equalizing dividends, or for
repairing or maintaining any property of the Corporation, or for such other
purpose as the directors shall think conducive to the interest of the
Corporation, and the directors may modify or abolish any such reserve in the
manner in which it was created.

                                  ARTICLE VIII

                                   AMENDMENTS

     Section 1. These bylaws may be amended or repealed or new bylaws may be
adopted at any regular or special meeting of shareholders at which a quorum is
present or represented, by a majority of the votes cast by the shares entitled
to vote in the election of any directors, provided notice of the proposed
alteration, amendment or repeal be contained in the notice of such meeting.
These bylaws may also be amended or repealed or new bylaws may be adopted by the
affirmative vote of a majority of the Board at any regular or special meeting of
the board. Bylaws adopted by the Board may be amended or repealed by the
shareholders.

                                        7

<PAGE>

ARTICLES OF INCORPORATION

SEVENTH: (a) A director of the Corporation shall not be liable to the
Corporation or its shareholders for monetary damages for breach of duty as a
director in an amount in excess of the compensation received by such director
for serving the Corporation during the year of such breach (or such lesser
amount as may hereafter be permitted by the Business Corporation Law), except to
the extent such exemption from liability or limitation thereof is not permitted
under the Business Corporation Law as currently in effect or as the same may
hereafter be amended. No amendment, modification or repeal of this provision
shall adversely affect any right or protection of a director that exists at the
time of such amendment, modification or repeal.

     (b) (i) The Corporation shall indemnify any person who is or was a director
of the Corporation for liability to any person for any action taken, or any
failure to take any action, as a director of the Corporation to the fullest
extent permitted by law. (ii) The Corporation also shall indemnify any person
who is a party to a proceeding because such person is or was an officer of the
Corporation against liability incurred in the proceeding to the fullest extent
permitted by law. (iii) No person who is a party to a proceeding because such
person is or was an agent of the Corporation shall be entitled to
indemnification in any case unless such indemnification is authorized by the
Board of Directors, by contract, or by order of a court of competent
jurisdiction, or mandated by statute. (iv) No amendment or repeal of this
provision shall impair the rights of any person arising at any time with respect
to events occurring prior to such amendment or repeal.

                                        8<PAGE>

                                                                    EXHIBIT 10.1

                               HUDSON VALLEY BANK
                            ESCROW ACCOUNT AGREEMENT

MEMBER FDIC

                                                                     DATE 5-9-05

NAME OF BUSINESS: SEGUSO HOLDINGS, INC.

NAME OF MASTER ESCROW ACCOUNT: ___________________________

ADDRESS: 3045 54TH DRIVE W-G102, BRANDENTON, FL 34210

PHONE NO: 941-753-7303

CONTACT NAME: ROBERT SEGUSO

Hudson Valley Bank (the "Bank") has developed an Escrow Account Program. This
Agreement explains the terms and conditions of the program.

1. OVERVIEW - The Escrow Account Program consists of three bank accounts, which
operate as follows:

     A) MASTER ESCROW ACCOUNT. This account is a escrow checking account that
contains all funds designated for deposit. All disbursements from the other two
linked accounts, described below, will clear through this checking account. Each
month the business will receive from the Bank a statement detailing all
transactions. This Master Escrow Account will not be subject to service charges.

     B) CLIENT ESCROW ACCOUNT: NON-INTEREST BEARING. This account consists of a
series of sub-accounts. Each sub-account will contain the business's name, the
client's name and address, the client's tax identification number ("TIN") and
the client's sub-account number. Failure to provide this information will
require the Bank to place the deposited funds into the business's Master Escrow
Account account. Multiple deposits into each sub-account will be accepted. There
is no limit on the number of transfers from each sub-account. These accounts
will not be subject to monthly service charges.

     C) CLIENT ESCROW ACCOUNT: INTEREST BEARING. The third linked account will
consist of another series of sub-accounts. The sub-accounts will contain the
business's name, the client's name and the client's sub-account number. The
business shall certify to the Bank each respective TIN as may be required by
applicable tax statutes and regulations. This is partially to prevent the
business from receiving any 1099's on these accounts. Unless the Bank receives
different instructions from the business, the funds will be deposited into a
money market account with a floating interest rate. The rate will be determined
by the Bank based on conditions and can change periodically. Rate changes become
effective the day of any change. Multiple deposits into each sub-account will be
accepted. Interest earned will be subject to taxation as ordinary income to the
client, and a form 1099 will be mailed directly to each client. These accounts
will

                                        1

<PAGE>

not be subject to monthly service charges.

     Interest on the sub-accounts is earned on collected balances and is
computed on a 365 day, or of a leap year, on a 366 day basis. There is no limit
on the number of transfers from each sub-account when the instructions are
submitted in writing. However, there may not be more than six (6) transfers per
sub-account initiated by Electronic Devices (telephone or telefax) during any
monthly statement.

     II. PROCEDURES

     A) The business is responsible to determine into which account the deposits
should be made by use of the appropriate deposit slip. The Bank shall not be
responsible under any circumstances to determine the place of deposit.

     B) Transfers may be made between all of the accounts, either; a) in person;
b) in writing, or c) by telephone (unless the business elects not to have
telephone transfer services available). Only authorized signatories of the
account or the business's other designated representatives may make such
transfers.

     C) All disbursements must be made through the Master Escrow Account. This
may require the business to transfer funds from the sub-accounts.

     D) A $25.00 service fee shall be deducted from each sub-account at the time
it is opened.

     E) All written and telephone instructions relating to transfers between
accounts should be directed to: Hudson Valley Bank, 21 Scarsdale Road, Yonkers
NY 10707, Attention: Deposit Operations, (914) 961-6100.

     III. APPLICABLE LAWS, RULES AND REGULATIONS. Each of the accounts described
in this agreement is governed by: (1) the laws of the United States; (2) the
laws of New York State; (3) the supervisory rules and regulations of Federal
Reserve System, Comptroller of the Currency and the New York State Banking
Department; (4) local clearing house rules; and (5) this Bank's rules and
regulations pertaining to the bank deposits and checking accounts (to the extent
that they are not inconsistent with the terms of this agreement).

     IV. CHANGES/WAIVER. Bank may change the terms of this agreement at any
time, except for changes in the law, which must be implemented immediately.
Notice of any changes will be sent to the business by ordinary mail. Notice by
mail shall be effective immediately.

     Bank may change the terms and conditions of this agreement, but the waiver
will apply only on that occasion and any failure to exercise any of its rights
in any instance will not preclude the Bank from exercising such rights at any
other time.

     By signing this form the undersigned, on behalf of the Business, certifies
that the business to the terms and conditions of this agreement.

                                        2

<PAGE>

ESCROW ACCOUNT NUMBER ...............
                                        ----------------------------------------

ESCROW FAX NUMBER ...................   BY /S/ ROBERT SEGUSO
                                           ----------------------------   5-9-05
                                        SIGNATURE                          DATE

                                        PRESIDENT/CEO
                                        TITLE

                                        3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]