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                                                                   EXHIBIT 10.80

            THIRD AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT

     THIRD AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this
"Agreement"), dated as of July ___, 2001, among UNITED SHIPPING & TECHNOLOGY,
INC., a Utah corporation (the "Company"), TH LEE.PUTNAM INTERNET PARTNERS, L.P.,
a Delaware limited partnership ("THLI"), TH LEE.PUTNAM INTERNET PARALLEL
PARTNERS, L.P., a Delaware limited partnership ("THLIP"), THLi COINVESTMENT
PARTNERS LLC ("THLI COINVEST"), a Delaware limited liability company, BLUE STAR
I, LLC ("BLUE STAR"), a Delaware limited liability company and together with
THLI, THLIP, THLI COINVEST, the "THLI Investors"), RS INVESTMENT MANAGEMENT,
INC., MARSHALL T. MASKO, HOME POINT CORPORATION, TENXVENTURE PARTNERS, LLC,
AL-MAL ISLAMIC COMPANY and SHEIKH SALAH A.H. AL-QUAHTANI (each a "Series D
Purchaser") and the persons executing a Series F Purchaser Signature Page
attached hereto (each a "Series F Purchaser"). Capitalized terms used herein but
not otherwise defined have the meaning set forth in Section 1 hereof.

     WHEREAS, THLI, THLIP and the Company entered into a Securities Purchase
Agreement, dated as of May 15, 2000, pursuant to which THLI and THLIP purchased
from the Company certain shares of the Company's Series B Convertible Preferred
Stock, par value $0.004 per share (the "Series B Preferred Stock").

     WHEREAS, the THLI Investors and the Company have entered into a Securities
Purchase Agreement, dated as of September 1, 2000, pursuant to which the THLI
Investors purchased from the Company certain shares of the Company's Series C
Convertible Preferred Stock, par value $0.004 per share (the "Series C Preferred
Stock").

     WHEREAS, the Series D Purchasers and the Company have entered into a
Securities Purchase Agreement dated as of March 1, 2001, pursuant to which the
Investors have purchased purchase Company certain of the shares of the Company's
Series D Convertible Preferred Stock, par value $.004 per share (the "Series D
Preferred Stock").

     WHEREAS, the Series F Purchasers and the Company have entered into a
Subscription Note Purchase Agreement dated July __, 2001, pursuant to which the
Series F Purchasers purchased from the Company certain of the shares of the
Company's Series F Convertible Preferred Stock, par value $.004 per share (the
"Series F Preferred Stock").

     WHEREAS, the Company granted to the THLI Investors certain registration
rights with respect to the Company's equity securities held by the THLI
Investors as set forth in an Amended and Restated Registration Rights Agreement
(the "Original Agreement") dated as of September 1, 2000. The Company also
granted to the Series D Investors certain registration rights with respect to
the Series D Preferred Stock as set forth in a Second Amended and Restated
Registration Rights Agreement (the "Second Agreement") dated as of March 1,
2001, and the Company, the THLI Investors and the Series D Investors hereby
desire for this Agreement to replace and supersede the Original Agreement and
the Second Agreement in their entirety to, among other things, grant the Series
F Purchasers certain registration rights.

     NOW, THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereto agree as follows:

1.   Definitions.

     "Business Day" means any day other than a Saturday, a Sunday or a day on
which banks in New York City are authorized or obligated by law or executive
order to close.

     "Commission" means the United States Securities and Exchange Commission, or
any successor Commission or agency having similar powers.

     "Common Stock" means the Common Stock of the Company, $0.004 par value per
share.

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     "Existing Registrable Securities" means, collectively, (i) the Common Stock
issued or issuable (A) upon exercise of the Warrant To Purchase Shares of Common
Stock of United Shipping & Technology, Inc., or upon conversion of the 9%
Convertible Subordinated Notes, in each case dated as of April 25, 2000 and
issued by the Company to J. Iver & Company, (B) upon conversion of the
Convertible Subordinated Promissory Note, dated as of September 24, 1999, issued
by the Company to CEX Holdings, Inc., and (C) upon exercise of the Warrant To
Purchase Shares of Common Stock of United Shipping & Technology, Inc., dated as
of September 24, 1999, issued by the Company to Bayview Capital LP, and (ii) any
Common Stock issued or issuable with respect to the securities referred to in
clause (i) above by way of a stock dividend or stock split, or in connection
with a combination of shares, recapitalization, merger, consolidation or other
reorganization (and any and all warrants to purchase common stock issued to
holders of preferred stock); provided, that any particular Existing Registrable
Securities shall cease to be Existing Registrable Securities upon the Company no
longer having any contractual obligation to register such securities under the
Securities Act pursuant to their respective written terms as in effect on the
date hereof.

     "Registrable Securities" means, collectively, the THLI Registrable
Securities, the Series D Registrable Securities and the Series F Registrable
Securities.

     "Registration Expenses" has the meaning set forth in Section 6(a) hereof.

     "Securities Act" means the Securities Act of 1933, as amended, and the
rules and regulations promulgated thereunder.

     "Series F Purchasers" means any purchasers of Series F Preferred Stock.

     "Series D or F Registrable Securities" means (i) any Common Stock issued or
issuable upon the conversion of any shares of Series D Preferred Stock and/or
Series F Preferred Stock (whether held by the Series D or F Purchasers or any
successors or assignees of the Series E Purchasers), (ii) any other shares of
Common Stock held by the Series D or F Purchasers, and (iii) any Common Stock
issued or issuable with respect to the Series D Preferred Stock and/or Series F
Preferred Stock held by any of the Series D or F Purchasers (or any of their
respective successors or assignees) by way of a stock dividend or stock split or
in connection with a combination of shares, recapitalization, merger,
consolidation or other reorganization. For purposes of this Agreement, a person
will be deemed to be a holder of Series D or F Registrable Securities whenever
such person has the right to acquire directly or indirectly such Series D or F
Registrable Securities (upon conversion or exercise in connection with a
transfer of securities or otherwise, but disregarding any restrictions or
limitations upon the exercise of such right), whether or not such acquisition
has actually been effected. For purposes of calculating the percentage of Series
D or F Registrable Securities for voting purposes, the Series D Preferred Stock
or Series F Preferred Stock held by any of the Series D or F Purchasers (or any
of their respective successors or assignees) shall be deemed to have been
converted at the then applicable conversion price. As to any particular Series D
or F Registrable Securities, such securities will cease to be Series D or F
Registrable Securities when they have been distributed to the public pursuant to
an offering registered under the Securities Act or sold to the public through a
broker, dealer or market maker in compliance with Rule 144 under the Securities
Act (or any similar rule then in force).

     "THLI Registrable Securities" means (i) any Common Stock issued upon the
conversion of any shares of Series B Preferred Stock, Series C Preferred Stock
and/or Series D Preferred Stock issued or issuable to the THLI Investors
(whether held by the THLI Investors or any successors or assignees of the THLI
Investors), (ii) any other shares of Common Stock held by the THLI Investors,
and (iii) any Common Stock issued or issuable with respect to the Series B
Preferred Stock, Series C Preferred Stock, Series D Preferred Stock or any other
class or series of the Company's preferred stock held by any of the THLI
Investors (or any of their respective successors or assignees) by way of a stock
dividend or stock split or in connection with a combination of shares,
recapitalization, merger, consolidation or other reorganization. For purposes of
this Agreement, a Person will be deemed to be a holder of THLI Registrable
Securities whenever such person has the right to acquire directly or indirectly
such THLI Registrable Securities (upon conversion or exercise in connection with
a transfer of securities or otherwise, but disregarding any restrictions or
limitations upon the exercise of such right), whether or not such acquisition
has actually been effected. For purposes of calculating the percentage of THLI

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Registrable Securities for voting purposes, the Series B Preferred Stock, Series
C Preferred Stock, Series D Preferred Stock or any other class or series of the
Company's preferred stock held by any of the THLI Investors (or any of their
respective successors or assignees) shall be deemed to have been converted at
the then applicable conversion price. As to any particular THLI Registrable
Securities, such securities will cease to be THLI Registrable Securities when
they have been distributed to the public pursuant to an offering registered
under the Securities Act or sold to the public through a broker, dealer or
market maker in compliance with Rule 144 under the Securities Act (or any
similar rule then in force).

2.   Demand Registrations.

          (a) Requests for Registration. Subject to paragraph 2(b) below, (i)
     the holders of a majority of the THLI Registrable Securities may request,
     at any time and from time to time, registration under the Securities Act,
     of all or part of their THLI Registrable Securities on Form S-1 or any
     similar long-form registration ("Long-Form Registrations"), (ii) each
     holder of THLI Registrable Securities may request registration under the
     Securities Act of all or part of their THLI Registrable Securities on Form
     S-2 or S-3 or any similar short-form registration ("Short-Form
     Registrations"), if available, and (iii) the holders of a majority of the
     Series D Registrable Securities or the Series F Registrable Securities may
     request Short-Form Registrations, if available. Each request for a Demand
     Registration (as defined below) shall specify the approximate number of
     Registrable Securities requested to be registered and the anticipated per
     share price range for such offering. Within ten (10) days after receipt of
     any such request, the Company will give written notice of such requested
     registration to all other holders of Registrable Securities and will
     include in such registration all Registrable Securities with respect to
     which the Company has received written requests for inclusion therein
     within twenty (20) days after the receipt of the Company's notice. All
     registrations requested pursuant to this paragraph 2(a) are referred to
     herein as "Demand Registrations".

          (b) Long-Form Registrations. Subject to paragraph 1(a), the holders of
     the THLI Registrable Securities will be entitled to request up to three (3)
     Long-Form Registrations in which the Company will pay all Registration
     Expenses. A registration will not count as one of the permitted Long-Form
     Registrations until it has become effective, and no Long-Form Registration
     will count as one of the permitted Long-Form Registrations unless the
     holders of the THLI Registrable Securities are able to register and sell at
     least 90% of the THLI Registrable Securities requested to be included in
     such registration.

          (c) Short-Form Registrations. In addition to the Long-Form
     Registrations provided pursuant to paragraph 1(b), (i) at any time, the
     holders of THLI Registrable Securities will be entitled to request an
     unlimited number of Short-Form Registrations in which the Company will pay
     all Registration Expenses and (ii) the holders of the Series D or F
     Registrable Securities will be entitled to request up to three (3)
     Short-Form Registrations in which the Company will pay all Registration
     Expenses; provided, that the holders of Registrable Securities shall not be
     entitled to require the Company to effect any Short-Form Registration if
     the aggregate offering price of Registrable Securities (based on the
     mid-point of the price range specified in the request for such Short-Form
     Registration) to be included in such Short-Form Registration is less than
     $1,000,000. Demand Registrations will be Short-Form Registrations whenever
     the Company is permitted to use any applicable short form. The Company will
     use its best efforts to make Short-Form Registrations on FormS-3 available
     for the sale of Registrable Securities.

          (d) Priority on Demand Registrations. If a Demand Registration is an
     underwritten offering and the managing underwriters advise the Company in
     writing that in their opinion the number of Registrable Securities and, if
     permitted hereunder, other securities requested to be included in such
     offering exceeds the number of Registrable Securities and other securities,
     if any, which can be sold therein without adversely affecting the
     marketability of the offering, the Company will include in such
     registration (i) first, the number of Registrable Securities requested to
     be included in such Demand Registration by the holders initially requesting
     such Demand Registration pro rata, if necessary, among

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     the holders of such Registrable Securities based on the number of such
     Registrable Securities owned by each such holder, (ii) second, the number
     of other Registrable Securities not included pursuant to clause (i) above
     pro rata, if necessary, among the holders of such Registrable Securities
     based on the number of such Registrable Securities owned by each such
     holder, and (iii) third, any other securities of the Company requested to
     be included in such Demand Registration.

          (e) Restrictions on Demand Registrations. The Company will not be
     obligated to effect any Demand Registration within sixty (60) days after
     the effective date of a previous registration of equity securities by the
     Company. The Company may postpone for up to ninety (90) days the filing or
     the effectiveness of a registration statement for a Demand Registration if
     the Company's Board of Directors determines in good faith that such Demand
     Registration would reasonably be expected to be seriously detrimental to
     the Company and its shareholders; provided, that in such event, (i) the
     Company shall give written notice to the holders of Registrable Securities
     as soon after such determination as practicable, but in any event within
     ten (10) days thereafter, (ii) the holders of Registrable Securities
     initially requesting such Demand Registration will be entitled to withdraw
     such request and such Demand Registration will not count as one of the
     permitted Demand Registrations hereunder and the Company will pay all
     Registration Expenses in connection with such registration and (iii) the
     Company may postpone a Demand Registration pursuant hereto only once in any
     365-day period.

          (f) Selection of Underwriters. If any Demand Registration is an
     underwritten offering, the selection of investment banker(s) and manager(s)
     for the offering, which investment banker(s) and manager(s) shall be
     nationally recognized, shall be made by the holders of a majority of the
     Registrable Securities initially requesting such registration, subject to
     the Company's approval which shall not be unreasonably withheld.

          (g) Other Registration Rights. Except as provided in this Agreement,
     the Company shall not grant to any Persons the right to request the Company
     to register any equity securities of the Company, or any securities
     convertible or exchangeable into or exercisable for such securities,
     without the prior written consent of the holders of at least a majority of
     the THLI Registrable Securities.

3.   Piggyback Registrations.

          (a) Right to Piggyback. Whenever the Company proposes to register any
     of its securities under the Securities Act (other than pursuant to a Demand
     Registration) and the registration form to be used may be used for the
     registration of Registrable Securities (a "Piggyback Registration"), the
     Company will give prompt written notice to all holders of Registrable
     Securities of its intention to effect such a registration and will include
     in such registration all Registrable Securities with respect to which the
     Company has received written requests for inclusion therein within twenty
     (20) days after the receipt of the Company's notice.

          (b) Piggyback Expenses. The Registration Expenses of the holders of
     Registrable Securities will be paid by the Company in all Piggyback
     Registrations.

          (c) Priority on Primary Registrations. If a Piggyback Registration is
     an underwritten primary registration on behalf of the Company, and the
     managing underwriters advise the Company in writing that in their opinion
     the number of securities requested to be included in such registration
     exceeds the number which can be sold in such offering without adversely
     affecting the marketability of the offering, the Company will include in
     such registration (i) first, the securities the Company proposes to sell,
     and (ii) second, the Registrable Securities and Existing Registrable
     Securities requested to be included in such Piggyback Registration, pro
     rata, if necessary, among the holders of such Registrable Securities and
     Existing Registrable Securities on the basis of the number of Registrable
     Securities and

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     Existing Registrable Securities owned by each such holder and (iii) third,
     other securities requested to be included in such Piggyback Registration.

          (d) Priority on Secondary Registrations. If a Piggyback Registration
     is an underwritten secondary registration on behalf of holders of the
     Company's securities, and the managing underwriters advise the Company in
     writing that in their opinion the number of securities requested to be
     included in such registration exceeds the number which can be sold in such
     offering without adversely affecting the marketability of the offering, the
     Company will include in such Piggyback Registration (i) first, the
     securities requested to be included therein by the holders requesting such
     registration, (ii) second, the Registrable Securities and Existing
     Registrable Securities requested to be included in such Piggyback
     Registration, pro rata among the holders of such Registrable Securities and
     Existing Registrable Securities on the basis of the number of Registrable
     Securities and Existing Registrable Securities owned by each such holder
     and (iii) third, other securities requested to be included in such
     Piggyback Registration.

          (e) Selection of Underwriters. If any Piggyback Registration is an
     underwritten offering, the selection by the Company of investment banker(s)
     and manager(s), which investment banker(s) and manager(s) shall be
     nationally recognized, for the offering must be approved by the holders of
     a majority of the Registrable Securities included in such Piggyback
     Registration, which approval shall not be unreasonably withheld.

4.   Holdback Agreements.

          (a) Each holder of Registrable Securities agrees not to effect any
     public sale or distribution (including sales pursuant to Rule 144) of
     equity securities of the Company, or any securities convertible into or
     exchangeable or exercisable for such securities, during the seven (7) days
     prior to and the ninety (90)-day period beginning on the effective date of
     any underwritten Demand Registration or any underwritten Piggyback
     Registration in which Registrable Securities are included (except as part
     of such underwritten registration), unless the underwriters managing the
     registered public offering otherwise agree.

          (b) The Company agrees not to effect any public sale or distribution
     of its equity securities, or any securities convertible into or
     exchangeable or exercisable for such securities, during the seven (7) days
     prior to and during the ninety (90)-day period beginning on the effective
     date of any underwritten Demand Registration or any underwritten Piggyback
     Registration (except as part of such underwritten registration or pursuant
     to registrations on Form S-8 or Form S-4 or any successor forms thereto),
     unless the underwriters managing the registered public offering otherwise
     agree.

     5. Registration Procedures. Whenever the holders of Registrable Securities
have requested that any Registrable Securities be registered pursuant to this
Agreement, the Company will use its best efforts to effect the registration and
the sale of such Registrable Securities in accordance with the intended method
of disposition thereof including the registration of common stock that may be
obtained upon conversion of Preferred Stock held by a holder of Registrable
Securities requesting registration, and pursuant thereto the Company will as
expeditiously as possible:

          (a) prepare and file (in the case of a Demand Registration not more
     than ninety (90) days after request therefor) with the Commission a
     registration statement with respect to such Registrable Securities and use
     its best efforts to cause such registration statement to become effective
     (provided that as far in advance as practicable before filing a
     registration statement or prospectus or any amendments or supplements
     thereto, the Company will furnish to the counsel selected by the holders of
     a majority of the Registrable Securities covered by such registration
     statement copies of all such documents proposed to be filed, which
     documents will be subject to the review of such counsel);

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          (b) in the event that such registration statement is not filed with
     the Commission on or before the ninetieth (90) day after request therefor,
     or on the next business day that the Commission is open, for each seven day
     period (a "Penalty Period"), until such time as the registration statement
     is filed with the Commission the holders who have requested registration
     shall be entitled to a number of shares of Common Stock of the Company
     equal to the product of (A) the number of shares of Common Stock then
     issuable upon conversion of the number of Series D Preferred Stock or
     Series F Preferred Stock, as applicable, purchased by the Investors,
     multiplied by .10 (the "Penalty Shares"), multiplied by (B) The number of
     Penalty Periods that has elapsed before the registration statement has been
     filed with the Commission, divided by 25.714. In no event shall the number
     of Penalty Shares exceed 10% of the total Series D Preferred Stock or
     Series F Preferred Stock, as applicable. The ninety (90) day period shall
     be extended for any period during which the filing is precluded by reason
     of the Company's response to a comment or objection from holder's counsel
     pursuant to Section 5(a) hereof.

          (c) prepare and file with the Commission such amendments and
     supplements to such registration statement and the prospectus used in
     connection therewith as may be necessary to keep such registration
     statement effective for a period of not less than one hundred and eighty
     (180) days and comply with the provisions of the Securities Act with
     respect to the disposition of all securities covered by such registration
     statement during such period in accordance with the intended methods of
     disposition by the sellers thereof set forth in such registration
     statement;

          (d) furnish to each seller of Registrable Securities such number of
     copies of such registration statement, each amendment and supplement
     thereto, the prospectus included in such registration statement (including
     each preliminary prospectus) and such other documents as such seller may
     reasonably request in order to facilitate the disposition of the
     Registrable Securities owned by such seller;

          (e) use its best efforts to register or qualify such Registrable
     Securities under such other securities or blue sky laws of such
     jurisdictions as any seller reasonably requests and do any and all other
     acts and things which may be reasonably necessary or advisable to enable
     such seller to consummate the disposition in such jurisdictions of the
     Registrable Securities owned by such seller (provided that the Company will
     not be required to (i) qualify generally to do business in any jurisdiction
     where it would not otherwise be required to qualify but for this
     subparagraph, (ii) subject itself to taxation in any such jurisdiction or
     (iii) consent to general service of process in any such jurisdiction);

          (f) notify each seller of such Registrable Securities, at any time
     when a prospectus relating thereto is required to be delivered under the
     Securities Act, of the happening of any event as a result of which the
     prospectus included in such registration statement contains an untrue
     statement of a material fact or omits any fact necessary to make the
     statements therein not misleading, and, at the request of any such seller,
     the Company will prepare a supplement or amendment to such prospectus so
     that, as thereafter delivered to the purchasers of such Registrable
     Securities, such prospectus will not contain an untrue statement of a
     material fact or omit to state any fact necessary to make the statements
     therein not misleading;

          (g) cause all such Registrable Securities to be listed on each
     securities exchange on which similar securities issued by the Company are
     then listed and, if not so listed, to be listed on the National Association
     of Securities Dealers automated quotation system;

          (h) provide a transfer agent and registrar for all such Registrable
     Securities not later than the effective date of such registration
     statement;

          (i) enter into such customary agreements (including underwriting
     agreements in customary form) and take all such other actions as the
     holders of a majority of the Registrable Securities

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     being sold or the underwriters, if any, reasonably request in order to
     expedite or facilitate the disposition of such Registrable Securities
     (including, without limitation, effecting a stock split or a combination of
     shares);

          (j) make available for inspection by any seller of Registrable
     Securities, any underwriter participating in any disposition pursuant to
     such registration statement and any attorney, accountant or other agent
     retained by any such seller or underwriter, all financial and other
     records, pertinent corporate documents and properties of the Company, and
     cause the Company's officers, directors, employees and independent
     accountants to supply all information reasonably requested by any such
     seller, underwriter, attorney, accountant or agent in connection with such
     registration statement;

          (k) permit any holder of Registrable Securities which holder, in its
     sole and exclusive judgment, might be deemed to be an underwriter or a
     controlling person of the Company, to participate in the preparation of
     such registration or comparable statement and to require the insertion
     therein of material, furnished to the Company in writing, which in the
     reasonable judgment of such holder and its counsel should be included;

          (l) in the event of the issuance of any stop order suspending the
     effectiveness of a registration statement, or of any order suspending or
     preventing the use of any related prospectus or suspending the
     qualification of any common stock included in such registration statement
     for sale in any jurisdiction, the Company will promptly notify the holders
     of Registrable Securities and will use its reasonable best efforts promptly
     to obtain the withdrawal of such order;

          (m) obtain a cold comfort letter from the Company's independent public
     accountants in customary form and covering such matters of the type
     customarily covered by cold comfort letters as the holders of a majority of
     the Registrable Securities being sold reasonably request; and

          (n) in connection with an underwritten public offering, (i) cooperate
     with the selling holders of Registrable Securities, the underwriters
     participating in the offering and their counsel in any due diligence
     investigation reasonably requested by the selling holders or the
     underwriters in connection therewith and (ii) participate, to the extent
     reasonably requested by the managing underwriter for the offering or the
     selling holder, in efforts to sell the Registrable Securities under the
     offering (including, without limitation, participating in "roadshow"
     meetings with prospective investors) that would be customary for
     underwritten primary offerings of a comparable amount of equity securities
     by the Company.

6.   Registration Expenses.

          (a) All expenses incident to the Company's performance of or
     compliance with this Agreement, including without limitation all
     registration and filing fees, fees and expenses of compliance with
     securities or blue sky laws, printing expenses, messenger and delivery
     expenses, and fees and disbursements of counsel for the Company and all
     independent certified public accountants, underwriters (excluding discounts
     and commissions) and other Persons retained by the Company (all such
     expenses being herein called "Registration Expenses"), will be borne as
     provided in this Agreement, except that the Company will, in any event, pay
     its internal expenses (including, without limitation, all salaries and
     expenses of its officers and employees performing legal or accounting
     duties), the expense of any annual audit or quarterly review, the expense
     of any liability insurance and the expenses and fees for listing the
     securities to be registered on each securities exchange on which similar
     securities issued by the Company are then listed or on the National
     Association of Securities Dealers automated quotation system. The Company
     shall not be required to pay an underwriting discount with respect to any
     shares being sold by any party other than the Company in connection with an
     underwritten public offering of any of the Company's securities pursuant to
     this Agreement.

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          (b) In connection with each Demand Registration and each Piggyback
     Registration, the Company will reimburse the holders of Registrable
     Securities covered by such registration for the reasonable fees and
     disbursements of one counsel chosen by the holders of a majority of the
     Registrable Securities initially requesting such registration.

          (c) The Company will reimburse the holders of Registrable Securities
     for the reasonable fees and expenses (including the fees and expenses of
     counsel chosen by the holders of a majority of the Registrable Securities)
     incurred by such holders in enforcing any of their rights under this
     Agreement.

7.   Indemnification.

          (a) Indemnification of Selling Stockholders by the Company. The
     Company agrees to indemnify and hold harmless each holder of Registrable
     Securities which are registered pursuant hereto (each a "Selling
     Stockholder") and each person, if any, who controls any Selling Stockholder
     within the meaning of Section 15 of the Securities Act or Section 20 of the
     Securities Exchange Act of 1934, as amended (the "Exchange Act"), as
     follows:

               (i) against any and all loss, liability, claim, damage and
          expense whatsoever, as incurred, arising out of any untrue statement
          or alleged untrue statement of a material fact contained in the
          registration statement (or any amendment thereto), or the omission or
          alleged omission therefrom of a material fact required to be stated
          therein or necessary to make the statements therein not misleading or
          arising out of any untrue statement or alleged untrue statement of a
          material fact contained in any preliminary prospectus or the
          prospectus (or any amendment or supplement thereto), or the omission
          or alleged omission therefrom of a material fact necessary in order to
          make the statements therein, in the light of the circumstances under
          which they were made, not misleading;

               (ii) against any and all loss, liability, claim, damage and
          expense whatsoever, as incurred, to the extent of the aggregate amount
          paid in settlement of any litigation, or any investigation or
          proceeding by any governmental agency or body, commenced or
          threatened, or of any claim whatsoever based upon any such untrue
          statement or omission, or any such alleged untrue statement or
          omission; provided, that subject to Section 7(d) below any such
          settlement is effected with the prior written consent of the Company;
          and

               (iii) against any and all expense whatsoever, as incurred
          (including the fees and disbursements of counsel chosen by such
          Selling Stockholder), reasonably incurred in investigating, preparing
          or defending against any litigation, or any investigation or
          proceeding by any governmental agency or body, commenced or
          threatened, or any claim whatsoever based upon any such untrue
          statement or omission, or any such alleged untrue statement or
          omission, to the extent that any such expense is not paid under (i) or
          (ii) above; Notwithstanding the foregoing, this indemnity agreement
          shall not apply to any loss, liability, claim, damage or expense to
          the extent arising out of any untrue statement or omission or alleged
          untrue statement or omission made in reliance upon and in conformity
          with written information furnished to the Company by the Selling
          Stockholder expressly for use in the registration statement (or any
          amendment thereto), or any preliminary prospectus or the prospectus
          (or any amendment or supplement thereto) or by such Selling
          Stockholder's failure to deliver a copy of the registration statement
          or prospectus or any amendments or supplements thereto after the
          Company has furnished such Selling Stockholder with a sufficient
          number of copies of the same.

          (b) Indemnification of Company by the Selling Stockholders. Each
     Selling Stockholder, severally and not jointly, agrees to indemnify and
     hold harmless the Company, its directors, each of its officers who signed
     the registration statement and each person, if any, who controls the
     Company within the meaning of Section 15 of the Securities Act or Section
     20 of the Exchange Act,

                                       8
<PAGE>

     against any and all loss, liability, claim, damage and expense described in
     the indemnity contained in Section 7(a) above, as incurred, but only with
     respect to untrue or alleged untrue statements or omissions made in the
     registration statement (or any amendment thereto), or any preliminary
     prospectus or any prospectus (or any amendment or supplement thereto) in
     reliance upon and in conformity with written information furnished to the
     Company by or on behalf of such Selling Stockholder with respect to such
     Selling Stockholder expressly for use in the registration statement (or any
     amendment or supplement thereto); provided, that such Selling Stockholder's
     aggregate liability under this Section 7 shall be limited to an amount
     equal to the net proceeds (after deducting the underwriting discount, but
     before deducting expenses) received by such Selling Stockholder from the
     sale of Registrable Securities pursuant to a registration statement filed
     pursuant to this Agreement.

          (c) Actions against Parties; Notification. Each indemnified party
     shall give notice as promptly as reasonably practicable to each
     indemnifying party of any action commenced against it in respect of which
     indemnity may be sought hereunder, but failure to so notify an indemnifying
     party shall not relieve such indemnifying party from any liability
     hereunder to the extent it is not materially prejudiced as a result thereof
     and in any event shall not relieve it from any liability which it may have
     otherwise than on account of this indemnity agreement. In the case of
     parties indemnified pursuant to Section 7(a), counsel to the indemnified
     parties shall be selected by the Company, subject to the approval of the
     holders of a majority of the Registrable Securities included in a
     registration hereunder, which shall not be unreasonably withheld and, in
     the case of parties indemnified pursuant to Section 7(b), counsel to the
     indemnified parties shall be selected by the Company. An indemnifying party
     may participate at its own expense in the defense of any such action and
     counsel to the indemnifying party shall also be counsel for the indemnified
     parties; provided, that if under applicable principals of legal ethics,
     there is a conflict of interest that prohibits such counsel from
     representing the indemnifying parties as well as the indemnified parties,
     the indemnifying parties shall be liable for fees and expenses of one
     additional counsel (in addition to any local counsel) separate from their
     own counsel for all indemnified parties in connection with any one action
     or separate but similar or related actions in the same jurisdiction arising
     out of the same general allegations or circumstances. No indemnifying party
     shall, without the prior written consent of the indemnified parties, settle
     or compromise or consent to the entry of any judgment with respect to any
     litigation, or any investigation or proceeding by any governmental agency
     or body, commenced or threatened, or any claim whatsoever in respect of
     which indemnification or contribution could be sought under this Section 7
     (whether or not the indemnified parties are actual or potential parties
     thereto), unless such settlement, compromise or consent (i) includes an
     unconditional release of each indemnified party from all liability arising
     out of such litigation, investigation, proceeding or claim and (ii) does
     not include a statement as to or an admission of fault, culpability or a
     failure to act by or on behalf of any indemnified party.

          (d) Settlement without Consent. If at any time an indemnified party
     shall have requested an indemnifying party to reimburse the indemnified
     party for fees and expenses of counsel, such indemnifying party agrees that
     it shall be liable for any settlement of the nature contemplated by Section
     7(a)(ii) effected without its written consent if (i) such settlement is
     entered into more than forty-five (45) days after receipt by such
     indemnifying party of the aforesaid request, (ii) such indemnifying party
     shall have received notice of the terms of such settlement at least thirty
     (30) days prior to such settlement being entered into and (iii) such
     indemnifying party shall not have reimbursed such indemnified party in
     accordance with such request prior to the date of such settlement.

          (e) Contribution.

               (i) If a claim for indemnification under Section 7(a) or 7(b) is
          unavailable to an indemnified party because of a failure or refusal of
          a governmental authority to enforce such indemnification in accordance
          with its terms (by reason of public policy or otherwise), then each
          indemnifying party, in lieu of indemnifying such indemnified party,
          shall contribute to the amount paid or

                                       9
<PAGE>

          payable by such indemnified party as a result of such losses, in such
          proportion as is appropriate to reflect the relative fault of the
          indemnifying party and the indemnified party in connection with the
          actions, statements or omissions that resulted in such losses as well
          as any other relevant equitable considerations. The relative fault of
          such indemnifying party and indemnified party shall be determined by
          reference to, among other things, whether any action in question,
          including any untrue or alleged untrue statement of a material fact or
          omission or alleged omission of a material fact, has been taken or
          made by, or relates to information supplied by, such indemnifying
          party or indemnified party, and the parties' relative intent,
          knowledge, access to information and opportunity to correct or prevent
          such action, statement or omission. The amount paid or payable by a
          party as a result of any losses shall be deemed to include, subject to
          the limitations set forth in this Section, any reasonable attorneys'
          or other reasonable fees or expenses incurred by such party in
          connection with any proceeding to the extent such party would have
          been indemnified for such fees or expenses if the indemnification
          provided for in this Section was available to such party in accordance
          with its terms.

               (ii) The parties hereto agree that it would not be just and
          equitable if contribution pursuant to this Section 7(e) were
          determined by pro rata allocation or by any other method of allocation
          that does not take into account the equitable considerations referred
          to in the immediately preceding paragraph. Notwithstanding the
          provisions of this Section 7(e), a holder shall not be required to
          contribute, in the aggregate, any amount in excess of the amount by
          which the proceeds actually received by such holder from the sale of
          the Registrable Securities subject to the proceeding exceeds the
          amount of any damages that the holder has otherwise been required to
          pay by reason of such untrue or alleged untrue statement or omission
          or alleged omission. No Person guilty of fraudulent misrepresentation
          (within the meaning of Section 11(f) of the Securities Act) shall be
          entitled to contribution from any Person who was not guilty of such
          fraudulent misrepresentation.

               (iii) The indemnity and contribution agreements contained in this
          Section are in addition to any liability that the indemnifying parties
          may have to the indemnified parties.

     8. Participation in Underwritten Registrations. No Person may participate
in any registration hereunder which is underwritten unless such Person (a)
agrees to sell such Person's securities on the basis provided in any
underwriting arrangements approved by the Person or Persons entitled hereunder
to approve such arrangements and (b) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents
required under the terms of such underwriting arrangements; provided, that no
holder of Registrable Securities included in any underwritten registration shall
be required to make any representations or warranties to the Company or the
underwriters other than representations and warranties regarding such holder,
such holder's Registrable Securities and such holder's intended method of
distribution or to undertake any indemnification obligations to the Company or
the underwriters with respect thereto, except as otherwise provided in Section 7
hereof.

     9. Miscellaneous.

          (a) No Inconsistent Agreements. The Company will not hereafter enter
     into any agreement with respect to its securities which is inconsistent
     with or violates the rights granted to the holders of Registrable
     Securities in this Agreement. To the extent that any registration rights
     previously granted by the Company remain in effect and are inconsistent
     with the rights granted to the Registrable Securities in this Agreement,
     upon any registration of Registrable Securities hereunder, the Company
     shall use its best efforts to seek a waiver, consent or amendment of such
     existing rights in order to provide the holders of Registrable Securities
     with the benefits and priorities set forth in this Agreement.

                                       10
<PAGE>

          (b) Adjustments Affecting Registrable Securities. The Company will not
     take any action, or permit any change to occur, with respect to its
     securities which would materially and adversely affect the ability of the
     holders of Registrable Securities to include such Registrable Securities in
     a registration undertaken pursuant to this Agreement or which would
     materially and adversely affect the marketability of such Registrable
     Securities in any such registration (including, without limitation,
     effecting a stock split or a combination of shares).

          (c) Remedies. Any Person having rights under any provision of this
     Agreement will be entitled to enforce such rights specifically to recover
     damages caused by reason of any breach of any provision of this Agreement
     and to exercise all other rights granted by law. The parties hereto agree
     and acknowledge that money damages may not be an adequate remedy for any
     breach of the provisions of this Agreement and that any party may in its
     sole discretion apply to any court of law or equity of competent
     jurisdiction (without posting any bond or other security) for specific
     performance and for other injunctive relief in order to enforce or prevent
     violation of the provisions of this Agreement.

          (d) Amendments and Waivers. Except as otherwise provided herein, the
     provisions of this Agreement may be amended or waived only upon the prior
     written consent of the Company and holders of at least a majority of the
     Registrable Securities. The failure of any party to enforce any of the
     provisions of this Agreement shall in no way be construed as a waiver of
     such provisions and shall not affect the right of such party thereafter to
     enforce each and every provision of this Agreement in accordance with its
     terms.

          (e) Successors and Assigns. All covenants and agreements in this
     Agreement by or on behalf of any of the parties hereto will bind and inure
     to the benefit of the permitted respective successors and assigns of the
     parties hereto whether so expressed or not. In addition, whether or not any
     express assignment has been made, the provisions of this Agreement which
     are for the benefit of purchasers or holders of Registrable Securities are
     also for the benefit of, and enforceable by, any subsequent holder of
     Registrable Securities.

          (f) Notices. All notices, requests, consents and other communications
     provided for herein shall be in writing and shall be (i) delivered in
     person, (ii) transmitted by telecopy, (iii) sent by first-class, registered
     or certified mail, postage prepaid, or (iv) sent by reputable overnight
     courier service, fees prepaid, to the recipient at the address or telecopy
     number set forth below, or such other address or telecopy number as may
     hereafter be designated in writing by such recipient. Notices shall be
     deemed given upon personal delivery, seven days following deposit in the
     mail as set forth above, upon acknowledgment by the receiving telecopier or
     one day following deposit with an overnight courier service.

          If to the Company:

              United Shipping & Technology, Inc.
              9850 51st Avenue North
              Suite 110
              Plymouth, MN  55442
              Telecopy:   (952) 941-6440
              Attention:  Wesley C. Fredenburg
                          Secretary and General Counsel

              with a copy to (which shall not constitute notice to the Company):

                                       11
<PAGE>

              Briggs and Morgan Professional Association
              2400 IDS Center
              Minneapolis, MN  55402
              Telecopy:   (612) 334-8650
              Attention:  Avron L. Gordon

          If to any of the THLI Entities:

              c/o TH Lee.Putnam Internet Fund Advisors, L.P.
              200 Madison Avenue
              Suite 2225
              New York, NY 10016
              Telecopy:   (212) 951-8655
              Attention:  Douglas Hsieh

              with a copy to (which shall not constitute notice to any THLI
              Entities):

              Kirkland & Ellis
              153 East 53rd Street
              New York, NY  10022
              Telecopy:  (212) 446-4900
              Attention: Eunu Chun

          If to any of the Series D or F Purchasers:

              To the address for such Series D or F Purchaser indicated on the
              Series D Purchaser Signature Page or Series F Purchaser Signature
              Page.

     or such other address or to the attention of such other Person as the
     recipient party shall have specified by prior written notice to the sending
     party.

          (g) Interpretation of Agreement; Severability. The provisions of this
     Agreement shall be applied and interpreted in a manner consistent with each
     other so as to carry out the purposes and intent of the parties hereto, but
     if for any reason any provision hereof is determined to be unenforceable or
     invalid, such provision or such part thereof as may be unenforceable or
     invalid shall be deemed severed from the Agreement and the remaining
     provisions carried out with the same force and effect as if the severed
     provision or part thereof had not been a part of this Agreement.

          (h) Governing Law. The corporate law of the State of Utah shall govern
     all issues concerning the relative rights of the Company and its
     stockholders. All other provisions of this Agreement shall be governed by
     and construed in accordance with the internal laws of the State of New
     York, without giving effect to principles of conflicts of laws or choice of
     law of the State of New York or any other jurisdiction which would result
     in the application of the laws of any jurisdiction other than the State of
     New York.

          (i) Counterparts. This Agreement may be executed in one or more
     counterparts, each of which shall be deemed to be an original, but all of
     which taken together shall constitute one and the same Agreement.

          (j) Entire Agreement. This document, the Purchase Agreement and the
     "Related Documents" (as defined in the Purchase Agreement) embodies the
     complete agreement and understanding among the parties hereto with respect
     to the subject matter hereof and supersede and preempt any prior
     understandings, agreements or representations by or among the parties,
     written or oral, which may have related to the subject matter hereof in any
     way.

                                       12
<PAGE>

          (k) Waiver of Jury Trial. The parties to this Agreement each hereby
     waives, to the fullest extent permitted by law, any right to trial by jury
     of any claim, demand, action, or cause of action (i) arising under this
     Agreement or (ii) in any way connected with or related or incidental to the
     dealings of the parties hereto in respect of this Agreement or any of the
     transactions related hereto, in each case whether now existing or hereafter
     arising, and whether in contract, tort, equity, or otherwise. The parties
     to this Agreement each hereby agrees and consents that any such claim,
     demand, action, or cause of action shall be decided by court trial without
     a jury and that the parties to this Agreement may file an original
     counterpart of a copy of this Agreement with any court as written evidence
     of the consent of the parties hereto to the waiver of their right to trial
     by jury.

                                    * * * * *

                                       13
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Agreement as of the date first written above.

                                 UNITED SHIPPING & TECHNOLOGY, INC.

                                 By:
                                    --------------------------------------------
                                 Name:  Jeffrey Parell
                                 Title: Chief Executive Officer

                                 TH LEE.PUTNAM INTERNET PARTNERS, L.P.

                                 By:  TH Lee.Putnam Internet Fund Advisors, L.P.
                                 Its:  General Partner

                                 By:
                                    --------------------------------------------
                                 Name: James Brown
                                 Title: Managing Director

                                 TH LEE.PUTNAM INTERNET PARALLEL PARTNERS, L.P.

                                 By:  TH Lee.Putnam Internet Fund Advisors, L.P.
                                 Its:  General Partner

                                 By:
                                    --------------------------------------------
                                 Name: James Brown
                                 Title: Managing Director

                                 THLI COINVESTMENT PARTNERS LLC

                                 -----------------------------------------------
                                 By:  James Brown
                                 Its:  Managing Member

                                 BLUE STAR I LLC

                                 -----------------------------------------------
                                 By:  Thomas H. Lee
                                 Its:  Managing Member

                                       14
<PAGE>

                                 SERIES D PURCHASERS SIGNATURE PAGE

                                 RS INVESTMENT MANAGEMENT, INC.

                                 By
                                    --------------------------------------------
                                 Name:
                                 Address for Notices:

                                 MARSHALL T. MASKO

                                 By
                                    --------------------------------------------
                                 Name:
                                 Address for Notices:

                                 HOME POINT CORPORATION

                                 By
                                    --------------------------------------------
                                 Name:
                                 Address for Notices:

                                 TENX VENTURE PARTNERS, LLC

                                 By
                                    --------------------------------------------
                                 Name:
                                 Address for Notices:

                                 AL-MAL ISLAMIC COMPANY

                                 By
                                    --------------------------------------------
                                 Name:
                                 Address for Notices:

                                 SHEIKH SALAH A.H. AL-QUAHTANI

                                 By
                                    --------------------------------------------
                                 Name:
                                 Address for Notices:

                                       15
<PAGE>

                                 SERIES F PURCHASERS SIGNATURE PAGE

                                 By
                                    --------------------------------------------
                                 Name:

                                 Address for Notices:

                                       16EXHIBIT 10.22

                               PURCHASE AGREEMENT

     THIS PURCHASE AGREEMENT (the "Agreement") is made and entered into as of
the 30th of September, 2001, by and among the following:

          FGFC HOLDINGS, INC., a California corporation (hereinafter "Seller");

          EMB CORPORATION, a Hawaii corporation (hereinafter "EMB"); and

          FIRST GUARANTY FINANCIAL CORPORATION, a California corporation.

                               W I T N E S S E T H
                               - - - - - - - - - -

     WHEREAS, subject to the terms and conditions of this Agreement, EMB and
Seller desire for EMB to purchase from Seller and for Seller to sell to EMB all
of the outstanding common stock of FIRST GUARANTY FINANCIAL CORPORATION, a
California corporation, (the "FGFC Stock" and "FGFC", respectively); and

     WHEREAS, the Board of Directors of EMB deems it desirable and in the best
interests of EMB and its stockholders that EMB purchase the FGFC Stock in
consideration of issuance by EMB to Seller of Five Million (5,000,000) shares of
EMB common stock (the "EMB Shares") and cash in the amount of $500,000.00 as
evidenced by the promissory note of EMB (the "EMB Note"); and

     WHEREAS, Seller deems it desirable and in the best interests of Seller that
Seller sell the FGFC Stock to EMB; and

     WHEREAS, EMB and Seller desire to provide for certain undertakings,
conditions, representations, warranties, and covenants in connection with the
transactions contemplated by this Agreement; and

     WHEREAS, Seller and the Board of Directors of EMB have approved and adopted
this Agreement, subject to the terms and conditions set forth herein;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements herein contained, the parties hereto do hereby agree as follows:

                                       1

<PAGE>

                                    SECTION 1

                                   DEFINITIONS
                                   -----------

     1.1 "Agreement", "EMB", "EMB Note", "EMB Shares", "Seller", "FGFC" and
"FGFC Stock", respectively, shall have the meanings defined in the foregoing
preamble and recitals to this Agreement.

     1.2 "Closing Date" shall mean 4:00 p.m., local time, September 30, 2001, at
Santa Ana, California, the date on which the parties hereto shall close the
transactions contemplated herein; provided that the parties can change the
Closing Date and place of Closing to such other time and place as the parties
shall mutually agree, in writing. As of the Closing Date, all Exhibits to this
Agreement shall be complete and attached to this Agreement.

                                    SECTION 2

                  AGREEMENT FOR PURCHASE AND SALE OF FGFC STOCK
                  ---------------------------------------------

     2.1 Substantive Terms of the Purchase and Sale of FGFC Stock.
         --------------------------------------------------------

     Seller shall sell and deliver to EMB one hundred percent (100%) of the
issued and outstanding common stock of FGFC in a form enabling EMB, then and
there, to become the record and beneficial owner of said common stock,
consisting of ten thousand (10,000) shares which represents all of the issued
and outstanding capital stock of FGFC.

     2.2 Consideration Paid by EMB.
         -------------------------

               (a) EMB shall deliver to Seller Five Million (5,000,000) shares
          of common stock of EMB. The EMB Shares shall be issued pursuant to an
          exemption from registration under the Securities Act of 1933 (the
          "1933 Act") and from registration under any and applicable state
          securities laws and the certificates representing the EMB Shares shall
          bear the restrictive legend set forth in Rule 144 of the Rules and
          Regulation of the 1933 Act and any appropriate legend required under
          applicable state securities laws. The EMB Shares shall be validly
          issued and outstanding, fully paid, and non-assessable.

               (b) EMB shall also deliver to Seller the EMB Note in the initial
          principal amount of Five Hundred Thousand Dollars ($500,000.00) made
          payable to Seller. The EMB Note shall bear interest at the rate of ten
          percent (10%) per annum, with the entire principal balance and accrued
          interest thereon being due and payable, in full, on September 30,
          2003. The EMB Note shall be in the form attached hereto as Exhibit
          "2.2(b)(1)". The performance by EMB of its obligations under the EMB
          Note shall be secured by the FGFC Stock and the FGFC Preferred Shares,
          to be issued pursuant to Paragraph 2.2(e) hereof, as further described
          in the provisions of the Security Agreement to be entered into as of
          the Closing Date by and between EMB and Seller (hereinafter referred
          to as the "Security Agreement"), in form attached hereto as Exhibit
          "2.2(b)(2)".

                                       2

<PAGE>

               (c) Following the Closing Date, FGFC will become a wholly-owned
          and operated subsidiary of EMB. Rodney K. Thompson, President of FGFC,
          shall (i) continue to serve as President of FGFC with his existing
          employment contract with FGFC being extended for a period of three (3)
          years, and (ii) be named to the Board of Directors of EMB at the
          earliest practicable date.

               (d) As additional consideration for the acquisition of the FGFC
          Stock by EMB, EMB agrees that, under circumstances, additional shares
          of EMB Common Stock may be issued to Seller, as follows: On October 1,
          2002 (the "Valuation Date"), the value of the EMB Shares shall be
          determined by multiplying the number of EMB Shares, as may be adjusted
          by forward and reverse splits of the EMB common stock subsequent to
          the date of this Agreement, but prior to the Valuation Date, by the
          fair market value of one share of EMB common stock, as determined in
          the manner set forth in this Paragraph. If, as of the Valuation Date,
          the common stock of EMB is traded on a national securities exchange or
          the NASDAQ Stock Market, then the fair market value of one share of
          EMB common stock shall be the average of the closing selling prices of
          the EMB common stock as reported by such exchange or as reported on
          the NASDAQ Stock Market for the five trading days immediately
          preceding the Valuation Date, or if there were no sales of EMB common
          stock during such five-day period, then the fair market value of one
          share of EMB common stock shall be deemed to be the closing selling
          price of the EMB common stock as reported by such exchange or as
          reported on the NASDAQ Market System for the next prior day on which
          there were sales of EMB common stock. If, as of the Valuation Date,
          EMB common stock is traded other than on a national securities
          exchange or the NASDAQ Stock Market, then the fair market value of one
          share of EMB common stock shall be the average of the closing bid and
          asked prices of a share of EMB common stock on the Valuation Date as
          quoted on the OTC Bulletin Board or the Pink Sheets, as relevant, for
          the five trading days immediately preceding the Valuation Date or, if
          there is no bid and asked price during such five-day period, the fair
          market value of one share of EMB common stock shall be deemed to the
          average of the closing bid and asked prices of EMB common stock as
          quoted on the OTC Bulletin Board or the Pink Sheets, as relevant, for
          the next prior trading day on which there was a bid and asked price.
          If no such bid and asked price is available, the Board of Directors of
          EMB shall make a good faith determination of the fair market value of
          one share of EMB common stock using any reasonable method of
          valuation. Subject to the provisions set forth in this paragraph, if,
          as of the Valuation Date, pursuant to such method of computation, the
          EMB Shares are valued at less than $5,000,000, EMB shall issue to
          Seller additional restricted shares of EMB common stock (the
          "Additional EMB Shares"), such that the aggregate value of the EMB
          Shares and the Additional EMB Shares will, as of the Valuation Date,
          be not less than $5,000,000. The restrictions on the Additional EMB
          Shares shall be identical in scope and in time as the restrictions on
          the EMB Shares.

               (e) In connection with the acquisition of the FGFC Stock by EMB,
          EMB shall issue to FGFC 4,000,000 shares of EMB's Series E Convertible
          Preferred Stock ("EMB Preferred Shares") in exchange for 100,000
          shares of FGFC Series A Convertible Preferred Stock ("FGFC Preferred

                                       3

<PAGE>

          Shares"). The FGFC Preferred Shares shall also be subject to the
          provisions of the Security Agreement. The rights, privileges,
          preferences and restrictions relating to the EMB Preferred Shares and
          the FGFC Preferred Shares are set forth in the respective documents
          entitled "Certificate of Designation" for the EMB Preferred Shares, a
          copy of which is attached hereto as "Exhibit 2.2(e)(1)" and the
          "Certificate of Determination" for the FGFC Preferred Shares, a copy
          of which is attached hereto as "Exhibit 2.2(e)(2)".

               (f) As additional, consideration for the acquisition of the FGFC
          Stock by EMB, EMB shall provide $1,000,000 of additional equity to be
          contributed to FGFC during the twelve-month period ended September 30,
          2002. Subject to mutual agreement by the Board of Directors of EMB and
          FGFC, the EMB Preferred Shares to be issued to FGFC pursuant to
          Paragraph 2.2(e), may be deemed to satisfy part or all of this
          obligation.

                                    SECTION 3

                      REPRESENTATIONS AND WARRANTIES OF EMB
                      -------------------------------------

     EMB, in order to induce Seller to execute this Agreement and to consummate
the transactions contemplated herein, represents and warrants to Seller, as
follows:

     3.1 Organization and Qualification. EMB is a corporation duly organized,
validly existing, and in good standing under the laws of Hawaii, with all
requisite power and authority to own its property and to carry on its business
as it is now being conducted. EMB is duly qualified as a foreign corporation and
in good standing in each jurisdiction where the ownership, lease, or operation
of property or the conduct of business requires such qualification, except where
the failure to be in good standing or so qualified would not have a material,
adverse effect on the financial condition or business of EMB.

     3.2 Ownership of EMB. EMB is authorized to issue two classes of stock of up
to 30,000,000 common shares, no par value per share, of which approximately
11,706,044 are currently issued and outstanding, and of up to 5,000,000
preferred shares, no par value per share, of which 500,000 shares of Series E
are currently issued and outstanding.

     3.3 Authorization and Validity. EMB has the requisite power and is duly
authorized to execute and deliver and to carry out the terms of this Agreement.
The board of directors and stockholders of EMB have taken all action required by
law, its Articles of Incorporation and Bylaws, both as amended, or otherwise to
authorize the execution and delivery of this Agreement and the consummation of
the transactions contemplated hereby, subject to the satisfaction or waiver of
the conditions precedent set forth in Section 8 of this Agreement. Assuming this
Agreement has been approved by all action necessary on the part of Seller, this
Agreement is a valid and binding agreement of EMB.

                                       4

<PAGE>

     3.4 No Defaults. EMB is not in default under or in violation of any
provision of its Articles of Incorporation or Bylaws, both as amended. EMB is
not in default under or in violation of any material provision of any indenture,
mortgage, deed of trust, lease, loan agreement, or other agreement or instrument
to which it is a party or by which it is bound or to

                                       5

<PAGE>

which any of its is subject, if such default would have a material, adverse
effect on the financial condition or business of EMB. EMB is not in violation of
any statute, law, ordinance, order, judgment, rule, regulation, permit,
franchise, or other approval or authorization of any court or governmental
agency or body having jurisdiction over it or any of its properties which, if
enforced, would have a material, adverse effect on the financial condition or
business of EMB. Neither the execution and delivery of this Agreement, nor the
consummation of the transactions contemplated herein, will conflict with or
result in a breach of or constitute a default under any of the foregoing or
result in the creation of any lien, mortgage, pledge, charge, or encumbrance
upon any asset of EMB and no consents or waivers thereunder are required to be
obtained in connection therewith in order to consummate the transactions
contemplated by this Agreement.

     3.5 SEC Documents; Financial Statements. As of the Closing, the Company has
filed all reports, schedules, forms, statements and other documents required to
be filed by it with the SEC pursuant to the reporting requirements of the
Securities Exchange Act of 1934, as amended (the "1934 Act") (all of the
foregoing filed prior to the date hereof and all exhibits included therein and
financial statements and schedules thereto and documents incorporated by
reference therein being hereinafter referred to as the "SEC Documents"). As of
their respective dates, the SEC Documents substantially complied in all material
respects with the requirements of the 1934 Act and the rules and regulations of
the SEC promulgated thereunder applicable to the SEC Documents, and none of the
SEC Documents, at the time they were filed with the SEC, contained any untrue
statement of a material fact or omitted to state a material fact required to be
stated therein or necessary in order to make the statements therein, in light of
the circumstances under which they were made, not misleading. As of their
respective dates, the financial statements of the Company included in the SEC
Documents substantially complied as to form in all material respects with
applicable accounting requirements and the published rules and regulations of
the SEC with respect thereto. Such financial statements have been prepared in
substantial accordance with generally accepted accounting principles,
consistently applied, during the periods involved (except (i) as may be
otherwise indicated in such financial statements or the notes thereto, or (ii)
in the case of unaudited interim statements, to the extent they may exclude
footnotes or may be condensed or summary statements) and fairly present in all
material respects the financial position of the Company as of the dates thereof
and the results of its operations and cash flows for the periods then ended
(subject, in the case of unaudited statements, to normal year-end audit
adjustments). No other information provided by or on behalf of the Company to
the Buyers which is not included in the SEC Documents, including, without
limitation, contains any untrue statement of a material fact or omits to state
any material fact necessary in order to make the statements therein, in the
light of the circumstance under which they are or were made, not misleading.
Neither the Company nor any of its officers, directors, employees or agents have
provided the Buyers with any material, nonpublic information.

     3.6 Absence of Certain Changes. Since the most recent filing by the Company
with the SEC, there has been no material adverse change and no material adverse
development in the business, properties, operations, financial condition,
results of operations or prospects of the Company. The Company has not taken any
steps, and does not currently expect to take any steps, to seek protection
pursuant to any bankruptcy law nor does the Company have any knowledge or reason
to believe that its creditors intend to initiate involuntary bankruptcy
proceedings.

                                       6

<PAGE>

     3.7 Documents. The copies of all agreements and other instruments that have
been delivered by EMB to Seller are true, correct, and complete copies of such
agreements and instruments and include all amendments thereto.

     3.8 Disclosure. The representations and warranties made by EMB herein and
in any schedule, statement, certificate, or document furnished or to be
furnished by EMB to Seller pursuant to the provisions hereof or in connection
with the transactions contemplated hereby, taken as a whole, do not and will not
as of their respective dates contain any untrue statements of a material fact,
or omit to state a material fact necessary to make the statements made not
misleading.

                                    SECTION 4

                    REPRESENTATIONS AND WARRANTIES OF SELLER
                    ----------------------------------------

     Seller, in order to induce EMB to execute this Agreement and to consummate
the transactions contemplated herein, represents and warrants to EMB as follows:

     4.1 Organization and Qualification. FGFC is a California corporation, duly
organized, validly existing, and in good standing under the laws of the state of
California with all requisite power and authority to own its property and assets
and to carry on its business as it is now being conducted. FGFC is qualified as
a foreign corporation and is in good standing in each jurisdiction where the
ownership, lease, or operation of property or the conduct of its business
requires such qualification, except where the failure to be in good standing or
so qualified would not have a material, adverse effect on the financial
condition and business of FGFC. With respect to those states in which FGFC
presently conducts business as a mortgage lender, FGFC is duly licensed or
approved to do business as a mortgage lender in each jurisdiction in which such
licensing or approval is required.

     4.2 Ownership of FGFC Stock. FGFC is authorized to issue one class of
stock, of up to One Hundred Thousand (100,000) shares of common stock, no par
value per share, and One Hundred Thousand (100,000) shares of preferred stock,
no par value per share. At the date hereof, Ten Thousand (10,000) shares of
common have been validly issued and are outstanding, fully paid, and
non-assessable. All of the shares of common stock are owned of record and
beneficially by Seller. At the date hereof, no shares of preferred stock are
issued or outstanding. There are no options, warrants, or other securities
exercisable or convertible into or any calls, commitments, or agreements of any
kind relating to any unissued equity securities of FGFC.

     4.3 Authorization and Validity. Seller has the requisite power and is duly
authorized to execute and deliver and to carry out the terms of this Agreement.
Assuming this Agreement has been approved by all action necessary on the part of
EMB, this Agreement is a valid and binding agreement of Seller.

                                       7

<PAGE>

     4.4 Conduct and Transactions of FGFC. During its current fiscal year, FGFC
conducted the operations of its business consistent with past practice and used
its best efforts to maintain and preserve its properties, key employees, and
relationships with customers and suppliers. Without limiting the foregoing,
during such period FGFC did not:

          (a) Incur any liabilities except to maintain its facilities and assets
     in the ordinary course of its business;

          (b) Declare or pay any dividends on any shares of capital stock or
     make any other distribution of assets to the holders thereof;

          (c) Issue, reissue, or sell, or issue options or rights to subscribe
     to, or enter into any contract or commitment to issue, reissue, or sell,
     any shares of capital stock or acquire or agree to acquire any shares of
     capital stock;

          (d) Amend its respective Articles of Incorporation or Bylaws or merge
     or consolidate with or into any other corporation or sell all or
     substantially all of its assets or change in any manner the rights of its
     capital stock or other securities;

          (e) Pay or incur any obligation or liability, direct or contingent,
     except in the ordinary course of its business;

          (f) Incur any indebtedness for borrowed money, assume, guarantee,
     endorse, or otherwise become responsible for obligations of any other
     party, or make loans or advances to any other party except in the ordinary
     course of its business;

          (g) Increase in any manner the compensation, direct or indirect, of
     any of its officers or executive employees, except as otherwise disclosed
     in Exhibit 4.5(g), hereto; or

          (h) Make any capital expenditures except in the ordinary course of its
     business.

     4.5 Compensation Due Employees. FGFC will not have any outstanding
liability for payment of wages, payroll taxes, vacation pay (whether accrued or
otherwise), salaries, bonuses, pensions, contributions under any employee
benefit plans or other compensation, current or deferred, under any labor or
employment contracts, whether oral or written, based upon or accruing in respect
of those services of employees of FGFC that have been performed prior to the
Closing Date, except as specified on Exhibit 4.7 hereto. On the Closing Date,
FGFC will not have any unfunded, contingent or other liability under any defined
benefits plan or any other retirement or retirement-type plan, whether such
plan(s) are to continue or are thereupon terminated, except for the normal
on-going obligations for future contributions under such plan(s) not related,
generally or specifically, to the termination of such plan(s) or except as
specified on Exhibit 4.5 hereto.

     4.6 Union Agreements and Employment Agreements. FGFC is not a party to any
union agreement or any organized labor dispute. FGFC has no written or verbal
employment agreements with any of its employees, except as listed in Exhibit 4.6
hereto.

                                       8

<PAGE>

     4.7 Contracts and Leases. Except as listed in Exhibit 4.7 hereto, FGFC is
not a party to any written or oral leases, commitments, or any other agreements.
On the Closing Date, FGFC has paid or performed in all material respects all
obligations required to be paid or performed by it to such date and will not be
in default under any document, contract, agreement, lease, or other commitment
to which it is a party.

     4.8 Insurance. All insurance against losses or damages or other risks which
are in force for the benefit of FGFC are set forth in Exhibit 4.8 hereto.

     4.9 Liabilities. FGFC has no liabilities, except as described in Exhibit
4.9 hereto.

     4.10 Proprietary Rights. FGFC owns or is duly licensed to use such
trademarks and copyrights as are necessary to conduct its business as presently
conducted. The conduct of business by FGFC does not, to the best knowledge of
FGFC, infringe upon the trademarks or copyrights of any third party. FGFC owns
the rights to the fictitious business name in all jurisdictions in which it is
presently operating.

     4.11 Internal Controls.

          (a) There have been no transactions except in accordance with
     management's general or specific authorization.

          (b) FGFC has devised and maintained respective systems of internal
     accounting controls sufficient to provide reasonable assurances that
     transactions are recorded as necessary (I) to permit preparation of
     financial statements in conformity with generally accepted accounting
     principles and (ii) to maintain accountability for assets and expenses.

     4.12 Contracts and Agreements. FGFC is not a party to any material
contracts or agreements in respect of the operation of its business, except as
listed in Exhibit 4.12 hereto.

     4.13 Minute Books. The minute books of FGFC contain true, complete, and
accurate records of all meetings and other corporate actions of its shareholders
and Board of Directors, and true and accurate copies thereof have been delivered
to counsel for EMB prior to the Closing Date. The signatures appearing on all
documents contained therein are the true signatures of the persons purporting to
have signed the same.

     4.14 Litigation. Except as set forth in Exhibit 4.14, there are no actions,
suits, proceedings, orders, investigations, or claims (whether or not
purportedly on behalf of FGFC) pending against or affecting FGFC at law or in
equity or before or by any federal, state, municipal, or other governmental
department, commission, board, agency, or instrumentality, domestic or foreign,
nor has any such action, suit, proceeding, or investigation been pending or
threatened in writing during the 12-month period preceding the date hereof,
which, if adversely determined, would materially and adversely affect the
financial condition of FGFC or which seeks to prohibit, restrict, or delay the
consummation of the stock sale contemplated hereby. FGFC is not operating under
or subject to, or in default with respect to, any order, writ, injunction, or
decree of any court or federal, state, municipal, or other governmental
department, commission, board, agency, or instrumentality.

                                       9

<PAGE>

     4.15 Taxes. At the Closing Date, all tax returns required to be filed with
respect to the operations or assets of each of FGFC prior to Closing Date have
been correctly prepared in all material respects and timely filed, and all taxes
required to be paid in respect of the periods covered by such returns have been
paid in full or adequate reserves have been established for the payment of such
taxes. Except as set forth in Exhibit 4.15, as of the Closing Date, FGFC has not
requested any extension of time within which to file any tax returns, and all
known deficiencies for any tax, assessment, or governmental charge or duty shall
have been paid in full or adequate reserves have been established for the
payment of such taxes. The FGFC Tax Returns are true and complete in all
material respects. No audits by federal or state authorities are currently
pending or threatened.

     4.16 No Defaults. FGFC is not in default under or in violation of any
provision of its Articles of Incorporation or Bylaws. FGFC is not in default
under or in violation of any material provision of any indenture, mortgage, deed
of trust, lease, loan agreement, or other agreement or instrument to which it is
a party or by which it is bound or to which any of its is subject, if such
default would have a material, adverse effect on the financial condition or
business of FGFC. FGFC is not in violation of any statute, law, ordinance,
order, judgment, rule, regulation, permit, franchise, or other approval or
authorization of any court or governmental agency or body having jurisdiction
over it or any of its properties which, if enforced, would have a material,
adverse effect on the financial condition or business of FGFC. Neither the
execution and delivery of this Agreement, nor the consummation of the
transactions contemplated herein, will conflict with or result in a breach of or
constitute a default under any of the foregoing or result in the creation of any
lien, mortgage, pledge, charge, or encumbrance upon any asset of FGFC and no
consents or waivers thereunder are required to be obtained in connection
therewith in order to consummate the transactions contemplated by this
Agreement.

     4.17 Documents. The copies of all agreements and other instruments that
have been delivered by Seller to EMB are true, correct, and complete copies of
such agreements and instruments and include all amendments thereto.

     4.18 Disclosure. The representations and warranties made by Seller herein
and in any schedule, statement, certificate, or document furnished or to be
furnished by FGFC and/or Seller to EMB pursuant to the provisions hereof or in
connection with the transactions contemplated hereby taken as a whole do not and
will not as of their respective dates contain any untrue statements of a
material fact, or omit to state a material fact necessary to make the statements
made not misleading.

                                    SECTION 5

                          INVESTIGATION; PRESS RELEASE
                          ----------------------------

     5.1 Investigation.

          (a) EMB acknowledges that it has made an investigation of FGFC to
     confirm, among other things, the assets, liabilities, and status of
     business of FGFC and the cash position, accounts receivable, liabilities,
     and mortgages in process. In the event of termination of this Agreement,

                                       10

<PAGE>

     EMB will deliver to Seller all documents, work papers, and other materials
     and all copies thereof obtained by EMB, or on its behalf, from FGFC or
     Seller, whether obtained before or after the execution hereof, will not
     use, directly or indirectly, any confidential information obtained from
     FGFC or Seller hereunder or in connection herewith, and will keep all such
     information confidential and not used in any way detrimental to FGFC or
     Seller except to the extent the same is publicly disclosed by FGFC or
     Seller.

          (b) Seller acknowledges that it has made an investigation of EMB,
     which has included, among other things, the opportunity of discussions with
     executive officers of EMB, and its accountants, investment bankers, and
     counsel. In the event of termination of this Agreement, Seller will deliver
     to EMB all documents, work papers, and other materials and all copies
     thereof obtained by it, or on its behalf, from EMB, whether obtained before
     or after the execution hereof and will not use, directly or indirectly, any
     confidential information obtained from EMB hereunder or in connection
     herewith, and will keep all such information confidential and not used in
     any way detrimental to EMB, except to the extent the same is publicly
     disclosed by EMB.

          (c) Except in the event that any party hereto discovers in the course
     of its respective investigation any breach of a representation or warranty
     by the other party hereto and does not disclose it to such other party
     prior to the Closing Date, no investigation pursuant to this Section 5.1
     shall affect or be deemed to modify any representation or warranty made by
     any party hereto.

     5.2 Press Release. EMB and Seller shall agree with each other as to the
form and substance of any press releases and the filing of any documents with
any federal or state agency related to this Agreement and the transactions
contemplated hereby and shall consult with each other as to the form and
substance of other public disclosures related thereto; provided, however, that
nothing contained herein shall prohibit either party from making any disclosure
that its counsel deems necessary.

                                    SECTION 6

                                    BROKERAGE
                                    ---------

     6.1 Brokers and Finders. Except as set forth in Exhibit 6.1, neither EMB
nor Seller, or any of their respective officers, directors, employees, or
agents, has employed any broker, finder, or financial advisor or incurred any
liability for any fee or commissions in connection with initiating the
transactions contemplated herein. Each party hereto agrees to indemnify and hold
the other party harmless against or in respect of any commissions, finder's
fees, or brokerage fees incurred or alleged to have been incurred with respect
to initiating the transactions contemplated herein as a result of any action of
the indemnifying party.

                                       11

<PAGE>

                                    SECTION 7

                       CLOSING AGREEMENTS AND POST-CLOSING
                       -----------------------------------

     7.1 Closing Agreements. On the Closing Date, the following activities shall
occur, the following agreements shall be executed and delivered, and the
respective parties thereto shall have performed all acts that are required by
the terms of such activities and agreements to have been performed
simultaneously with the execution and delivery thereof as of the Closing Date:

          (a) Seller shall have executed and delivered documents to EMB
     sufficient then and there to transfer record and beneficial ownership to
     EMB of the FGFC Stock, consisting up 10,000 shares of common stock of FGFC;

          (b) EMB shall have delivered to Seller the EMB Shares, consisting up
     Five Million (5,000,000) shares of EMB common stock;

          (c) EMB shall have delivered the duly executed EMB Note to Seller;

          (d) Seller and EMB shall have executed the Security Agreement and the
     Collateral Agent Agreement;

          (e) EMB shall have delivered to FGFC the EMB Preferred Shares,
     consisting of Two Million (2,000,000) shares of EMB Series E Convertible
     Preferred Stock; and

          (f) FGFC shall have delivered to EMB the FGFC Preferred Shares,
     consisting of One Hundred Thousand (100,000) shares of FGFC Series A
     Convertible Preferred Stock.

                                    SECTION 8

               CONDITIONS PRECEDENT TO EMB'S OBLIGATIONS TO CLOSE
               --------------------------------------------------

     The obligations of EMB to consummate this Agreement are subject to
satisfaction on or prior to the Closing Date of the following conditions:

     8.1 Representations and Warranties. The representations and warranties of
Seller contained in this Agreement shall be true and correct in all material
respects on and as of the Closing Date, and Seller shall have performed in all
material respects all of his obligations hereunder theretofore to be performed.

     8.2 Other. The joint conditions precedent in Section 10 hereof shall have
been satisfied and all documents required for Closing shall be acceptable to
Counsel for EMB.

                                       12

<PAGE>

                                    SECTION 9

              CONDITIONS PRECEDENT TO SELLER'S OBLIGATIONS TO CLOSE
              -----------------------------------------------------

     The obligation of Seller to consummate this Agreement is subject to the
satisfaction on or prior to the Closing Date of the following conditions:

     9.1 Representations and Warranties. The representations and warranties of
EMB contained in this Agreement shall be true and correct in all material
respects on and as of the Closing Date, and EMB shall have performed in all
material respects all of its obligations hereunder theretofore to be performed.

     9.2 Other. The joint conditions precedent in Section 10 hereof shall have
been satisfied.

                                   SECTION 10

                           JOINT CONDITIONS PRECEDENT
                           --------------------------

     The obligations of EMB and Seller to consummate this Agreement shall be
subject to satisfaction or waiver in writing by all parties of each and all of
the following additional conditions precedent at or prior to the Closing Date:

     10.1 Other Agreements. All of the agreements contemplated by Section 7.1 of
this Agreement shall have been executed and delivered, and all acts required to
be performed thereunder as of the Closing Date shall have been duly performed,
including, without limitation, completion of all exhibits to this Agreement.

     10.2 Absence of Litigation. At the Closing Date, there shall be no action,
suit, or proceeding pending or threatened against any of the parties hereto by
any person, governmental agency, or subdivision thereof, nor shall there be
pending or threatened any action in any court or administrative tribunal, which
would have the effect of inhibiting the consummation of the transactions
contemplated herein.

                                   SECTION 11

                                 CONFIDENTIALITY
                                 ---------------

     11.1 EMB acknowledges that its principals have, and will, acquire
information and materials from Seller and/or FGFC and knowledge about the
technology, business, products, strategies, customers, clients and suppliers of
the FGFC and that all such information, materials and knowledge acquired, are
and will be trade secrets and confidential and proprietary information of FGFC
(collectively, such acquired information, materials, and knowledge are the
"Confidential Information"). EMB, itself, and behalf of its principals,
covenants to hold such Confidential Information in strict confidence, not to
disclose it to others or use it in any way, commercially or otherwise, except in
connection with the transactions contemplated by this Agreement and not to allow
any unauthorized person access to such Confidential Information.

                                       13

<PAGE>

     11.2 The Confidential Information disclosed by the Seller or FGFC to EMB
shall remain the property of the disclosing party.

     11.3 EMB, and principals, shall maintain in secrecy all Confidential
Information disclosed to them by Seller or FGFC using not less than reasonable
care. EMB, and its principals, shall not use or disclose in any manner to any
third party any Confidential Information without the express written consent of
the Seller unless or until the Confidential Information is:

          (a) publicly available or otherwise in the public domain; or

          (b) rightfully obtained by any third party without restriction; or

          (c) disclosed by Seller or FGFC without restriction pursuant to
     judicial action, or government regulations or other requirements.

     11.4 The obligations of EMB under Sections 11.1, 11.2, and 11.3 of this
Agreement shall expire one year from the date hereof as to Confidential
Information consisting of commercial and financial information and two years
from the date hereof as to Confidential Information consisting of technical
information. For this purpose, technical information shall include without
limitation all developments, inventions, innovations, designs, discoveries,
trade secrets and know-how, whether or not patentable or copyrightable.

                                   SECTION 12

                             TERMINATION AND WAIVER
                             ----------------------

     12.1 Termination. This Agreement may be terminated and abandoned on the
Closing Date by:

          (a) the mutual consent in writing of the parties hereto;

          (b) EMB, if the conditions precedent in Sections 8 and 10 of this
     Agreement have not been satisfied or waived by the Closing Date; and

          (c) Seller, if the conditions precedent in Sections 9 and 10 of this
     Agreement have not been satisfied or waived by the Closing Date.

          If this Agreement is terminated pursuant to Section 12.1, the parties
hereto shall not have any further obligations under this Agreement, and each
party shall bear all costs and expenses incurred by it.

                                       14

<PAGE>

                                   SECTION 13

                  NATURE AND SURVIVAL OF REPRESENTATIONS, ETC.
                  --------------------------------------------

     13.1 All statements contained in any certificate or other instrument
delivered by or on behalf of EMB or Seller pursuant to this Agreement or in
connection with the transactions contemplated hereby shall be deemed
representations and warranties by such party. All representations and warranties
and agreements made by EMB or Seller in this Agreement or pursuant hereto shall
survive the Closing Date hereunder until the expiration of the 12th month
following the Closing Date.

                                   SECTION 14

                                  MISCELLANEOUS
                                  -------------

     14.1 Notices. Any notices or other communications required or permitted
hereunder shall be sufficiently given if written and delivered in person or sent
by registered mail, postage prepaid, addressed as follows:

          to Seller:                FGFC Holdings, Inc.
                                    Attn:  Rodney K. Thompson
                                    3 Hutton Center Drive
                                    Suite 150
                                    Santa Ana, California 92707

          To FGFC:                  First Guaranty Financial Corporation
                                    Attn:  Rodney K. Thompson
                                    3 Hutton Center Drive
                                    Suite 150
                                    Santa Ana, California 92707

          to EMB:                   EMB Corporation
                                    Attention:  Chief Executive Officer
                                    5075 Warner Avenue
                                    Suite B
                                    Huntington Beach, California 92649

          copy to:                  Bryan Cave LLP
          (which shall not          Attention:  Randolf W. Katz, Esq.
          Constitute notice)        2020 Main Street, Suite 600
                                    Irvine, California 92614

                                       15

<PAGE>

or such other address as shall be furnished in writing by the appropriate
person, and any such notice or communication shall be deemed to have been given
as of the date so mailed.

     14.2 Time of the Essence. Time shall be of the essence of this Agreement.

     14.3 Costs. Each party will bear the costs and expenses incurred by it in
connection with this Agreement and the transactions contemplated hereby.

     14.4 Cancellation of Agreement. In the event that this Agreement is
canceled by mutual agreement of the parties or by failures of any of the
conditions precedent set forth in Paragraphs 8, 9 and 10, neither Seller nor EMB
shall be entitled to any damages, fees, costs or other consideration.

     14.5 Entire Agreement and Amendment. This Agreement and documents delivered
at the Closing Date hereunder contain the entire agreement between the parties
hereto with respect to the transactions contemplated by this Agreement and
supersedes all other agreements, written or oral, with respect thereto. This
Agreement may be amended or modified in whole or in part, and any rights
hereunder may be waived, only by an agreement in writing, duly and validly
executed in the same manner as this Agreement or by the party against whom the
waiver would be asserted. The waiver of any right hereunder shall be effective
only with respect to the matter specifically waived and shall not act as a
continuing waiver unless it so states by its terms.

     14.6 Counterparts. This Agreement may be executed in one or more
counterparts each of which shall be deemed to constitute an original and shall
become effective when one or more counterparts have been signed by each party
hereto and delivered to the other party.

     14.7 Governing Law. This Agreement shall be governed by, and construed and
interpreted in accordance with, the laws of the State of California.

     14.8 Attorneys' Fees and Costs. In the event any party to this Agreement
shall be required to initiate legal proceedings to enforce performance of any
term or condition of this Agreement, including, but not limited to, the
interpretation of any term or provision hereof, the payment of moneys or the
enjoining of any action prohibited hereunder, the prevailing party shall be
entitled to recover such sums, in addition to any other damages or compensation
received, as will reimburse the prevailing party for reasonable attorneys' fees
and court costs incurred on account thereof (including, without limitation, the
costs of any appeal) notwithstanding the nature of the claim or cause of action
asserted by the prevailing party.

     14.9 Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon the parties hereto and their respective heirs, executors,
personal representatives, successors, and assigns, as the case may be.

     14.10 Access to Counsel. Each party hereto acknowledges that each has had
access to legal counsel of her or its own choice and has obtained such advice
therefrom, if any, as such party has deemed necessary and sufficient prior to
the execution hereof. Each party hereto acknowledges that the drafting of this
Agreement has been a joint effort and any ambiguities or interpretative issues
that may arise from and after the execution hereof shall not be decided in favor
or, or against, any party hereto because the language reflecting any such
ambiguities or issues may have been drafted by any specific party or her or its
counsel.

                                       16

<PAGE>

     14.11 Captions. The captions appearing in this Agreement are inserted for
convenience of reference only and shall not affect the interpretation of this
Agreement.

                            [SIGNATURE PAGE FOLLOWS]

                                       17

<PAGE>

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

EMB CORPORATION

By:  /s/  James E. Shipley
   --------------------------
          James E. Shipley
          Chairman and CEO

                           "EMB"

FGFC HOLDINGS, INC.

By:  /s/  Rodney K. Thompson
   --------------------------
          Rodney K. Thompson
          President

                           "Seller"

FIRST GUARANTY FINANCIAL CORPORATION

By:  /s/  Rodney K. Thompson
   --------------------------
          Rodney K. Thompson
          President

                           "FGFC"

                                       18

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