Document:

EXHIBIT 10.7

                            IMPERIAL INDUSTRIES, INC.

                           DEFERRED COMPENSATION PLAN

             _______________________________________________________

         THIS IMPERIAL INDUSTRIES, INC. DEFERRED COMPENSATION PLAN is made
effective as of May 15, 2005, by Imperial Industries, Inc., a corporation duly
organized and existing under the laws of the State of Delaware.

                                    RECITALS:
                                    ---------

         WHEREAS, the Company desires to provide certain deferred compensation
benefits for certain of its executives, the payment of which would be deferred
and paid in accordance with the terms and subject to the conditions set forth
herein;

         NOW, THEREFORE, in consideration of the premises and mutual covenants
set forth herein, the Company hereby adopts this Plan pursuant to the following
terms and provisions.

                                    ARTICLE 1

                                   DEFINITIONS

         1.1   "ACCOUNTING DATE" means the last day of the Plan Year, each day
that the New York Stock Exchange is open for business, and such other date or
dates as the Committee may designate from time to time as an Accounting Date.

         1.2   "BENEFICIARY" means the person or persons designated by a
Participant, upon such forms as shall be provided by the Committee, to receive
payment of the Participant's Account after the Participant's death. If the
Participant shall fail to designate a Beneficiary, or if for any reason such
designation shall be ineffective, or if such Beneficiary shall predecease the
Participant or die simultaneously with the Participant, then the Beneficiary
shall be, in the following order of preference:

                 (a) the Participant's surviving spouse, or

                 (b) the Participant's estate.

         1.3   "BOARD" means the Board of Directors of the Company.

         1.4   "CAUSE" means (a) an action or omission of the Participant which
constitutes a willful and material breach of, or willful and material failure or
refusal (other than by reason of his disability or incapacity) to perform his
duties for the Company or a Related Entity which is not cured within fifteen

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(15) days after receipt by the Participant of written notice of same, (b) fraud,
embezzlement, misappropriation of funds or breach of trust in connection with
the Participant's services for the Company or a Related Entity, (c) a conviction
of any crime which involves dishonesty or a breach of trust, or (d) gross
negligence in connection with the performance of the Participant's services for
the Company or a Related Entity, which is not cured within fifteen (15) days
after receipt by the Participant of written notice of same.

         1.5   "CHANGE IN CONTROL" means any of the following:

                 (a) any one person, or more than one person acting as a group,
acquires ownership of stock of the Company that, together with stock held by
such person or group, possesses more than 50% of the total fair market value or
total voting power of the Common Stock of the Company; provided, however, that
if any one person, or more than one person acting as a group, is considered to
own more than 50% of the total fair market value or total voting power of the
Common Stock of the Company, the acquisition of additional stock by the same
person or persons will not be considered a Change in Control under this Plan.
Notwithstanding the foregoing, an increase in the percentage of stock of the
Company owned by any one person, or persons acting as a group, as a result of a
transaction in which the Company acquires its stock in exchange for property
will be treated as an acquisition of stock of the Company for purposes of this
clause (a);

                 (b) during any period of 12 consecutive months, individuals who
at the beginning of such period constituted the Board (together with any new or
replacement directors whose election by the Board, or whose nomination for
election by the Company's shareholders, was approved by a vote of at least a
majority of the directors then still in office who were either directors at the
beginning of such period or whose election or nomination for election was
previously so approved) cease for any reason to constitute a majority of the
directors then in office; or

                 (c) any one person, or more than one person acting as a group,
acquires (or has acquired during the 12-month period ending on the date of the
most recent acquisition by the person or persons) assets from the Company,
outside of the ordinary course of business, that have a gross fair market value
equal to or more than 40% of the total gross fair market value of all of the
assets of the Company immediately prior to such acquisition or acquisitions. For
purposes of this Section 1.5(c), "gross fair market value" means the value of
the assets of the Company, or the value of the assets being disposed of,
determined without regard to any liabilities associated with such assets.
Notwithstanding anything to the contrary in this Plan, if and to the extent
required to comply with the requirements of Section 409A of the Code, a
distribution may not be made under the Plan on account of a Change in Control
under this Section 1.5(c) if it constitutes any of the following:

                     (i) a transfer of assets from the Company to a shareholder
of the Company (determined immediately before the asset transfer);

                    (ii) a transfer of assets from the Company to an entity, 50%
or more of the total value or voting power of which is owned, directly or
indirectly, by the Company;

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                    (iii) a transfer of assets from the Company to a person, or
more than one person acting as a group, that owns, directly or indirectly, 50%
or more of the total value or voting power of all the outstanding stock of the
Company; or

                    (iv) a transfer of assets from the Company to an entity, at
least 50% of the total value or voting power of which is owned, directly or
indirectly, by a person described in (iii) above.

         1.6   "CODE" means the Internal Revenue Code of 1986, as amended, and
successor tax laws.

         1.7   "COMMITTEE" means the Compensation Committee of the Board, as it
shall be comprised from time to time.

         1.8 "COMPANY" means Imperial Industries, Inc., a Delaware corporation,
its successors and assigns.

         1.9   "CONSULTANT" means any person (other than an Employee or a
Director, solely with respect to rendering services in such person's capacity as
a director) who is engaged by the Company or any Related Entity to render
consulting or advisory services to the Company or such Related Entity.

         1.10  "CONTINUOUS SERVICE" means the uninterrupted provision of
services to the Company or any Related Entity in any capacity of Employee,
Director, Consultant or other service provider. Continuous Service shall not be
considered to be interrupted in the case of (a) any approved leave of absence,
(b) transfers among the Company, any Related Entities, or any successor
entities, in any capacity of Employee, Director, Consultant or other service
provider, or (c) any change in status as long as the individual remains in the
service of the Company or a Related Entity in any capacity of Employee,
Director, Consultant or other service provider (except as otherwise provided in
the Award Agreement). An approved leave of absence shall include sick leave,
military leave, or any other authorized personal leave.

         1.11  "DIRECTOR" means a member of the Board or the board of directors
of any Related Entity.

         1.12  "DISABLED" or "DISABILITY" means any of the following:

                 (a) the inability of the Participant to engage in any
substantial gainful activity by reason of any medically determinable physical or
mental impairment which can be expected to result in death or can be expected to
last for a continuous period of not less than 12 months; or

                 (b) the Participant is, by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months, receiving
income replacement benefits for a period of not less than 3 months under an
accident and health plan covering Employees of the Company.

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         1.13  "ELIGIBLE PERSON" shall mean S. Daniel Ponce, Howard L. Ehler,
Jr., and such other executives and Directors of the Employer as the Committee
shall designate from time to time. The Committee shall not designate an Employee
as an Eligible Person unless he or she is deemed to be among a select group of
management or highly compensated employees of the Employer within the meaning of
Section 201(2) of ERISA.

         1.14  "EMPLOYEE" means any person, including an officer who is a common
law employee of the Company or any Related Entity. The payment of a director's
fee by the Company or a Related Entity shall not be sufficient to constitute
"employment" by the Company.

         1.15  "EMPLOYER" means the Company and any Related Entity that adopts
the Plan with the consent of the Company.

         1.16  "EMPLOYER CONTRIBUTIONS" means the contributions made by the
Employer that are credited to the Participant's Account in accordance with
Section 3.1 hereof.

         1.17  "ENTRY DATE" means May 15, 2005, and the first day of each
calendar year thereafter.

         1.18  "ERISA" means the Employee Retirement Income Security Act of
1974, as amended, and any successor laws.

         1.19 "GOOD REASON" means (a) the assignment to the Participant of any
duties inconsistent in any material respect with the Participant's position
(including status, offices, titles and reporting requirements), authority,
duties or responsibilities with the Company or a Related Entity, or any other
action by the Company or a Related Entity which results in a diminution in such
position, authority, duties or responsibilities, [excluding for this purpose an
isolated, insubstantial and inadvertent action not taken in bad faith and which
is remedied by the Company or Related Entity promptly after receipt of notice
thereof given by the Participant]; (b) any failure by the Company or a Related
Entity to pay to the Participant his or her remuneration including, without
limitation, base salary, bonuses, fees and/or other incentive compensation,
other than an isolated, insubstantial and inadvertent failure not occurring in
bad faith and which is remedied by the Company or Related Entity promptly after
receipt of notice thereof given by the Participant; (c) the Company's or Related
Entity's requiring the Participant to be based at any office or location more
than 30 miles away from the Participant's principal office at the applicable
time (or in the case of S. Daniel Ponce, requiring him to be based at any
specific office or location), except for travel reasonably required in the
performance of the Participant's responsibilities; or (d) any purported
termination by the Company or a Related Entity of the Participant's Continuous
Service otherwise than for Cause. For purposes of this Plan, any good faith
determination of "Good Reason" made by the Committee shall be binding and
conclusive on all interested parties.

         1.20  "INVESTMENT FUNDS" means those investment options that shall from
time to time be made available as investment options under the Trust.

         1.21  "KEY EMPLOYEE" means any Participant who is a Key Employee within
the meaning of Section 416(i) of the Code, of any Employer whose stock is
publicly traded on an established securities market or otherwise.

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         1.22  "LEAVE OF ABSENCE" means any absence authorized by the Employer
that employs the Participant under its standard personnel practices.

         1.23  "PARTICIPANT" means an Eligible Person who becomes a Participant
pursuant to Section 2.1 of this Plan.

         1.24  "PARTICIPANT'S ACCOUNT" means the account maintained under the
Plan for a Participant that is credited with Employer Contributions in
accordance with Section 3.1 hereof. Participant's In-Service Accounts (if any)
maintained under the Plan in accordance with the provisions of the Plan for each
Participant.

         1.25  "PLAN" means the Imperial Industries, Inc. Deferred Compensation
Plan, as herein set forth and as it may be amended from time to time.

         1.26  "PLAN YEAR" means, with respect to the first Plan Year, the
period from May 15, 2005 through December 31, 2005. With respect to each Plan
Year thereafter, each twelve (12) month period that begins January 1 and ends
December 31.

         1.27  "RELATED ENTITY" means any Subsidiary, and any business,
corporation, partnership, limited liability company or other entity designated
by Board in which the Company or a Subsidiary holds a substantial ownership
interest, directly or indirectly.

         1.28  "SEPARATION FROM SERVICE" means the earliest date on which a
Participant has incurred a separation from service, within the meaning of
Section 409A(a)(2) of the Code, with the Employer.

         1.29  "SUBSIDIARY" means any corporation or other entity in which the
Company has a direct or indirect ownership interest of 50% or more of the total
combined voting power of the then outstanding securities or interests of such
corporation or other entity entitled to vote generally in the election of
directors or in which the Company has the right to receive 50% or more of the
distribution of profits or 50% or more of the assets on liquidation or
dissolution.

         1.30  "TRUST" means the Imperial Industries, Inc. Deferred Compensation
Plan Trust created pursuant to the Trust Agreement dated as of May 15, 2005
between the Company and the Compensation Committee of the Board of Directors, as
trustee, as amended from time to time.

         1.31  "TRUSTEE" means the person or entity that shall from time to time
be serving as the Trustee of the Trust.

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                                    ARTICLE 2

                                   ELIGIBILITY

         2.1   Determining Eligibility.

               (a) Only Eligible Persons may become Participants in the Plan.

               (b) An Eligible Person shall become a Participant on the Entry
Date coincident with or immediately following the date on which he or she
becomes an Eligible Person, or such later Entry Date as the Committee may
determine.

                                    ARTICLE 3

                                  CONTRIBUTIONS

         3.1   Employer Contributions.

               (a) General.

                   (i) On May 15, 2005, $45,000 shall be credited to the
Participant's Accounts of S. Daniel Ponce and Howard L. Ehler, Jr.,
respectively. On each of November 15, 2005, May 15, 2006, November 15, 2006, May
15, 2007, November 15, 2007, May 15, 2008 and November 15, 2008, respectively,
an additional $15,000 shall be credited to the Participant's Accounts of each of
S. Daniel Ponce and Howard L. Ehler, Jr., provided that each of the foregoing
Employer Contributions only shall be credited to the Participant's Accounts of
each of the foregoing Participants if he is eligible to be credited with an
Employer Contribution on that date pursuant to paragraph (b) of this Section
3.1.

                   (ii) A Participant shall not be eligible to have an Employer
Contribution made on his behalf pursuant to this Section 3.1(a) unless one of
the following events occurs:

                        (1) the Participant's Continuous Service had not
terminated on or before the date on which the Employer Contribution is to be
credited; or

                        (2) the Participant's Continuous Service terminated on
or before the date on which the Employer Contribution is to be credited and such
termination was by the Employer without Cause, by the Participant for Good
Reason, or as a result of the Participant's death or Disability; or

                        (3) a Change in Control has occurred on or before the
date on which the Employer Contribution is to be credited.

               (b) Additional Contributions. The Company may, in its discretion,
make additional Employer Contributions on behalf of S. Daniel Ponce and/or
Howard L. Ehler, Jr., and/or on behalf of any other Eligible Person, in such
amounts, at such times, and subject to such terms and conditions, not
inconsistent with the provisions of this Plan, as the Board shall determine.

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                                    ARTICLE 4

                                     VESTING

         4.1   All Accounts. A Participant's interest in all of his or her
Participant's Account shall be fully vested and nonforfeitable at all times.

                                    ARTICLE 5

                       VALUATION OF PARTICIPANT'S ACCOUNTS

         5.1   Account Value. Each Participant's Account shall be treated as if
it were actually invested in the Investment Funds selected by the Participant in
such manner and at such times as shall be determined by the Committee and in
accordance with the Plan, and shall be credited with gains and losses allocable
thereto at such times and in such manner as shall be determined by the
Committee. Participants may change their Investment Fund selections at such
times and in such manner as shall be prescribed by the Committee.

         5.2   Contributions to Trust. Amounts credited to a Participant's
Account for any Plan Year shall be contributed by the Employer to the Trust as
soon as practicable (but in no more than (30) days) after the date as of which
they are credited to the Participant's Account.

                                    ARTICLE 6

                                  DISTRIBUTIONS

         6.1   Timing of Distributions.

               (a) General. A Participant's Account shall be distributed
commencing on or as soon as administratively practicable after the earlier of
(i) the fourth anniversary of the date on which the Participant commenced
participation in the Plan, and, (ii) first day of the month immediately
following the date of the Participant's Separation from Service or termination
of employment with the Employer by reason of the Participant's death or
Disability.

               (b) Election to Defer Distribution. A Participant may elect, in
such manner as shall be prescribed by the Committee, to defer the date on which
distribution of his or her Participant's Account is to commence; provided,
however, that no such election shall be effective unless (x) the election would
defer the date on which the distribution is to commence by at least 5 years, (y)
the election is made at least 12 months prior to the date on which the
distributions otherwise would have commenced, and (z) the election does not
cause the date on which distributions are to commence to be later than the date
specified in Section 6.1(a)(ii) hereof.

               (c) Distributions to Key Employees. Notwithstanding the
foregoing, in no event shall any distributions be made under the Plan on account
of the Separation from Service of any Participant that is a Key Employee, before
the date that is 6 months after the date of the Participant's Separation from
Service or, if earlier, the date of the Participant's death or Disability, or as
otherwise permitted without violating the requirements of 409(A)(a)(2) of the
Code.

         6.2   Form of Distributions.

               (a) Form of Distributions. Distribution of the Participant's
Account shall be made in one of the following forms specified by the Participant
in the manner prescribed by the Committee: (i) a lump sum distribution, or (ii)
in at least 24 but not more than 60 monthly installments. Each installment shall

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be equal to the value of the Participant's Account multiplied by a fraction, the
numerator of which is 1 and the denominator of which is the number of
installments remaining to be paid.

               (b) Changes to Forms of Distributions; Failure to Elect Form. A
Participant may elect on a form provided by the Committee to change the form in
which his or her Account is to be distributed under Section 6.2 and the most
recent election made by the Participant shall apply with respect to each such
Account. In no event, however, shall (i) any change in the Participant's
election take effect until at least 12 months after the date on which the
election is made, (ii) any election related to an In-Service Account be made
less than 12 months prior to the date of the first scheduled payment with
respect to that In-Service Account; or (iii) any election to defer the date on
which any distribution is to be made be effective unless the first payment with
respect to such election is made is deferred for a period of not less than 5
years from the date such payment otherwise would have been made. If a
Participant fails to elect a form of distribution, then distribution shall be
made in the form of a lump sum.

               (c) Small Account Balances. Notwithstanding anything to the
contrary contained in this Section 6.2, in the event that the value of a
Participant's Retirement Account as of the distribution date is less than the
Minimum Distribution Amount, or the value of an In-Service Account as of the
In-Service Distribution Date applicable to that In-Service Account is less than
the Minimum Distribution Amount, distribution shall be made in the form of a
lump sum. For purposes of this provision, the Minimum Distribution Amount shall
be $10,000, or such lesser amount as shall not violate the requirements of
Section 409A of the Code.

         6.3   Payments to Beneficiaries. If a Participant dies before
distribution of the entire vested portion of the Participant's Account has been
made to him or her, any remaining vested amounts (including any remaining
installments that otherwise would have been payable to the Participant under
Section 6.2(b), and the value of any unpaid In-Service Accounts), shall be
distributed to the Participant's Beneficiary or Beneficiaries in a lump sum
payment as soon as practicable after the Participant's death.

         6.4   Change in Control. If and to the extent that it would not violate
the requirements of Section 409A of the Code, in the event of a Change in
Control, the full value of the Participant's Account (including any remaining
installments that otherwise would have been payable to the Participant under
Section 6.2(b)) shall be distributed as a lump sum to the Participant or to the
Beneficiary or Beneficiaries of a deceased Participant, as soon as practicable
(but in no event more than 6 months) following the Change in Control. In
addition, any Employer Contributions that are required to be made for the
benefit of a Participant after a Change in Control shall be distributed to the
Participant or the Beneficiaries of a deceased Participant, as soon as
practicable (but in no event more than 6 months) after the date on which the
Employer Contributions are required to be credited to the Participant's Account.
Also, as and when each distribution is required to be made of any amounts
attributable to Employer Contributions required to be made pursuant to Section
3.1(a)(i) of this Plan (the "Employer Contribution Payments"), the Employer
shall pay to the Participant an additional amount (a "Gross-Up Payment") such
that after payment by the Participant of all taxes (including any income and
excise tax) imposed upon the Gross-Up Payment, the Participant retains (or has
had paid to the Internal Revenue Service on his behalf) an amount of the
Gross-Up Payment equal to the sum of (a) the excise tax imposed upon the
Employer Contribution Payments (the "Excise Tax Reimbursement"), (b) the income
and excise taxes imposed on account of the Excise Tax Reimbursement, and (c) the

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product of any deductions disallowed because of the inclusion of the Gross-Up
Payment in the Participant's adjusted gross income and the highest applicable
marginal rate of federal income taxation for the calendar year in which the
Gross-Up Payment is to be made. For purposes of determining the amount of the
Gross-Up Payment, the Participant shall be deemed to (1) pay federal income
taxes at the highest marginal rates of federal income taxation for the calendar
year in which the Gross-Up Payment is to be made, and (2) pay applicable state
and local income taxes at the highest marginal rate of taxation for the calendar
year in which the Gross-Up Payment is to be made, net of the maximum reduction
in federal income taxes which could be obtained from deduction of such state and
local taxes.

         If and to the extent that it would not violate the requirements of
Section 409A, a Participant may elect at such time and in such manner as shall
be determined by the Committee, that the provisions of this Section 6.4 that
would accelerate the timing of the distribution of any amounts to the
Participant or any Beneficiary of the Participant shall not be applicable and
instead that distributions shall be made at the times otherwise provided in the
Article 6.

         6.5   Method of Distribution. Distribution of the Participant's Account
shall be made in cash, based upon the valuation of such Account on the
Accounting Date coincident with or immediately preceding the date of the
distribution.

         6.6   Hardship Distributions. Upon the written request of a Participant
and in the event the Committee determines that an "unforeseeable emergency" has
occurred with respect to a Participant, the Participant may withdraw, in each
case, the lesser of (i) the amount necessary to meet the emergency or (ii) the
Participant's Account, reduced by applicable withholding taxes. For this
purpose, an "unforeseeable emergency" shall mean an unanticipated emergency,
such as a sudden and unexpected illness or accident of the Participant or a
dependent of the Participant or loss of the Participant's property due to
casualty, that is caused by an event beyond the control of the Participant and
that would result in a severe financial hardship if the withdrawal were not
permitted. The need to pay a Participant's child's tuition to college and the
desire to purchase a home shall not be considered unforeseeable emergencies.

         6.7   No Acceleration of Benefits. In no event shall the acceleration
of the time or schedule of any payment under the Plan be permitted, except to
the extent permitted under Section 409A of the Code and the Treasury Regulations
thereunder.

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                                    ARTICLE 7

                                 ADMINISTRATION

         7.1   Powers and Duties. The Committee generally shall be responsible
for the management, operation, interpretation and administration of the Plan.
The Committee shall:

               (a) Establish procedures for allocation of responsibilities of
the Plan which are not allocated herein;

               (b) Subject to Section 1.10 determine the names of those
employees who are eligible to participate, and such other matters as may be
necessary to enable payment under the Plan;

               (c) Construe all terms, provisions, conditions and limitations of
the Plan;

               (d) Correct any defect, supply any omission or reconcile any
inconsistency that may appear in the Plan;

               (e) Determine the amount, manner and time of payment of any
benefits hereunder and prescribe procedures to be followed by Participants to
obtain benefits; and

               (f) Perform such other functions and take such other actions as
may be required by the Plan or as may be necessary or advisable to accomplish
the purposes of the Plan.

The Company shall furnish the Committee with all data and information available
which the Committee may reasonably require in order to perform its functions
hereunder. The Committee may rely without question upon any such data or
information furnished by the Company. Any interpretation or other decision made
by the Committee shall be final, binding and conclusive upon all persons in the
absence of clear and convincing evidence that the Committee acted arbitrarily
and capriciously.

         7.2   Agents. The Committee may appoint a Secretary who may, but need
not, be a member of the Committee, and may employ such agents for clerical and
other services, and such counsel, accountants and other professional advisors as
may be required for the purpose of administering the Plan. The Committee may
rely on all tables, valuations, reports, certificates and opinions furnished by
its agents.

         7.3   Procedures. A majority of the Committee members shall constitute
a quorum for the transaction of business. No action shall be taken except upon a
majority vote of the Committee. An individual shall not vote or decide upon any
matter relating solely to himself or vote in any case in which his or her
individual right or claim to any benefit under the Plan is particularly
involved. In any case in which a Committee member is so disqualified to act, and
the remaining members cannot agree on an issue, the Company shall appoint a
temporary substitute member to exercise all of the powers of the disqualified
member concerning the matter in which he is disqualified.

         7.4   Claims Procedure. In the event that any Participant or
Beneficiary claims to be entitled to benefits under the Plan or believes his or
her benefits are incorrect, that Participant or Beneficiary (hereafter, a
"Claimant") may file a claim for benefits by submitting a written statement
describing the basis of the claim for benefits under the Plan. The Committee
shall review the claim and respond within a reasonable period of time (which
generally shall not exceed 60 days). However, if special circumstances require
an extension of time to consider the claim, the Committee may extend the 60 day
period up to a total of 120 days. If the Committee extends the 60 day period,
the Claimant will be notified in writing as to the length of the extension and
the special circumstances which necessitate the extension, including the date on

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which the Committee expects to render the determination. If the Committee makes
an adverse determination as to the Claimant's claim, the Committee shall, within
the time period described above, notify the Claimant in a writing setting forth,
in a manner calculated to be understood by the Claimant:

                  (1)      the specific reasons for the adverse determination,

                  (2)      the provisions of the Plan on which the determination
                           is based,

                  (3)      a description of additional information or material
                           necessary for the Claimant to perfect the claim and
                           an explanation of why such additional information or
                           material is necessary, and

                  (4)      a description of the Plan's review procedures and the
                           time limits applicable to such procedures, including
                           a statement of the Claimant's right to bring suit
                           under Section 502(a) of ERISA following an adverse
                           benefit determination on review.

         Within 60 days of receipt by a Claimant of a notice denying a claim,
the Claimant, or his or her duly authorized representative, may request in
writing a full and fair review of the claim by filing an appeal with the
Committee. In connection with such appeal, the Claimant or his or her duly
authorized representative may review pertinent documents and may submit issues
and comments in writing. The Committee shall consider the Claimant's written
presentation, as well as any evidence, facts or circumstances the Committee
deems relevant. The Committee shall make a decision not later than 30 days after
the Plan's receipt of a request for appeal, unless special circumstances (such
as the need to hold a hearing, as determined by the Committee in its sole
discretion) require an extension of time for processing, in which case a
decision will be rendered as soon as possible but not later than 60 days after
receipt of a request for appeal. The Committee shall notify the Claimant prior
to the expiration of the initial 30 day period if an extension is required. The
notification shall indicate the special circumstances requiring the extension,
and the date on which the Committee expects to render the determination on
review. If the initial 30 day period is extended due to a Claimant's failure to
submit information necessary to make the benefit determination on review, the
period shall be tolled from the date on which the notification of the extension
is sent to the Claimant until the date on which the Claimant responds to the
request for additional information.

         Notification of the Committee's decision on appeal shall be provided to
the Claimant in writing. If an adverse determination is made, the notification
shall set forth, in a manner calculated to be understood by the Claimant:

                  (1)      the specific reasons for the adverse determination,

                  (2)      reference to the specific Plan provisions on which
                           the adverse determination is based,

                  (3)      a statement that the Claimant is entitled to receive,
                           upon request and free of charge, reasonable access
                           to, and copies of, all documents, records, and other
                           information relevant to the Claimant's claim for
                           benefits, and

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                  (4)      a statement that the Claimant may bring an action
                           under Section 502(a) of ERISA.

         7.5   Indemnification. The Company shall indemnify each Committee
member against any liability or loss sustained by reason of any act or failure
to act made in good faith, including, but not limited to, those in reliance on
certificates, reports, tables, opinions or other communications from any company
or agents chosen by the Committee in good faith. Such indemnification shall
include attorneys' fees and other costs and expenses reasonably incurred in
defense of any action brought by reason of any such act or failure to act.

         7.6   Participants Bound. Any action with respect to the Plan taken by
the Committee or the Company or the Trustee or any action authorized by or taken
at the direction of the Committee, the Company or the Trustees shall be final,
binding and conclusive upon all Participants and beneficiaries entitled to
benefits under the Plan in the absence of clear and convincing evidence that the
Committee, Company or Trustee acted arbitrarily and capriciously.

         7.7   Receipts and Release. Any payment to any Participant or
Beneficiary in accordance with the provisions of the Plan shall, to the extent
thereof, be in full satisfaction of all claims against the Company, the
Committee and the Trustee relating to the Plan, and the Committee may require
such Participant or Beneficiary, as a condition precedent to such payment, to
execute a receipt and release to such effect. If any Participant or Beneficiary
is determined by the Committee to be incompetent by reason of physical or mental
disability (including minority) to give a valid receipt and release, the
Committee may cause the payment or payments becoming due to such person to be
made to another person for his or her benefit without responsibility on the part
of the Committee, the Company or the Trustee to follow the application of such
funds.

         7.8   Withholding or Deduction for Taxes. Anything in this Plan to the
contrary notwithstanding, all payments or contributions required to be made, and
all benefits required to be provided, shall be subject to the withholding of
such amounts relating to taxes as the Employer may reasonably determine should
be withheld pursuant to any applicable law or regulation. In lieu of withholding
such amounts, in whole or in part, the Employer may, in its sole discretion,
accept other provisions for payment of taxes and withholding as required by law,
provided it is satisfied that all requirements of law affecting its
responsibilities to withhold have been satisfied.

         7.9   Exercise of Discretion. In exercising any discretion grant to
them under the Plan, the Committee, the Board and the Company shall not be
required to follow past practices, act in a manner consistent with past
practices, or treat any Eligible Person, Participant or Beneficiary in a manner
consistent with the treatment, any other Eligible Person, Participant or
Beneficiary.

                                       12

<PAGE>

                                    ARTICLE 8

                                  MISCELLANEOUS

         8.1   Unfunded Plan. The obligations of an Employer under this Plan
shall be paid from the general assets of that Employer and not from any
particular fund. Participants shall have the status of general unsecured
creditors of an Employer and the Plan constitutes a mere promise by that
Employer to make benefit payments in the future. It is intended that this Plan
shall constitute an "unfunded" plan for tax purposes and an "unfunded" plan for
a select group of management or highly compensated employees under ERISA. If an
Employer purchases any life insurance policies, or makes any other investments,
such policies (and any amounts invested by that Employer therein) and any other
investments of that Employer shall be subject to the claims of that Employer's
creditors. The assets of the Trust also shall be subject to the Employer's
creditors in the event of the Employer's Insolvency, as defined in the Trust
Agreement establishing the Trust. Nothing contained in this Plan shall be
interpreted to grant to any Participant or Beneficiary, any right, title or
interest in any property of an Employer or the Trust.

         8.2   Impact on Other Executive Benefits. This Plan shall not be
construed to impact or cause the denial of any benefits to which any Participant
may be entitled under any other welfare or benefit plan of the Employer.

         8.3   Governing Law. The Plan shall be construed, administered, and
governed in all respects under and by the internal laws of the State of Florida,
without regard to principles of conflicts of laws.

         8.4   No Assignment. The right to receive payment of any benefits under
the Plan shall not be transferred, assigned or pledged, except by Beneficiary
designation, by will, under the laws of decent and distribution, or as may be
otherwise required by law.

         8.5   Severability. If any provision of this Plan is found, held or
deemed to be void, unlawful or unenforceable under any applicable statute or
other controlling law, the remainder of the Plan shall continue in full force
and effect.

         8.6   Headings and Subheadings. Headings and subheadings in this Plan
are inserted for convenience only and are not to be considered in the
construction of the provisions hereof.

         8.7   Gender. The masculine, as used herein, shall be deemed to include
the feminine and the singular to include plural, except where the context
requires a different construction.

         8.8   Amendment and Termination. This Plan may be amended or terminated
in any respect at any time by the Board; provided, however, that no amendment or
termination of the Plan shall be effective to reduce any benefits that accrue
before the adoption of such amendment or termination., or any rights of Messrs.
Ponce and Ehler to receive any benefits (including without limitation any rights
to have Employer Contributions made under Section 3.1(a), and distributions of
amounts attributable to those Employer Contributions under Article 6 hereof)
that have not as yet been contributed or distributed. If and to the extent
permitted without violating the requirements of Section 409A of the Code, the
Board may require that the Accounts of all Participants and Beneficiaries
(including, without limitation, any remaining benefits payable to Participants
or Beneficiaries receiving distributions in installments at the time of the
termination) be distributed as soon as practicable after such termination,
notwithstanding any elections by Participants or Beneficiaries with regard to
the timing or form in which their benefits are to be paid. If and to the extent

                                       13

<PAGE>

that the Board does not accelerate the timing of distributions on account of the
termination of the Plan pursuant to the preceding sentence, payment of any
remaining benefits under the Plan shall be made at the same times and in the
same manner as such distributions would have been made based upon the most
recent elections made by Participants and Beneficiaries, and the terms of the
Plan, as in effect at the time the Plan is terminated.

         8.9   No Employment Contract. This Plan does not constitute a contract
of employment or impose on any Participant or the Employer any obligations to
retain the Participant as an employee, to change the status of the Participant's
employment, or to change the Employer's policies regarding termination of
employment.

         IN WITNESS WHEREOF, the Company has caused the Plan to be executed by
its duly authorized officer effective as of the 23rd day of May, 2005.

                                        IMPERIAL INDUSTRIES, INC.

                                        By: /s/ Howard L Ehler, Jr
                                            ------------------------------------
                                            Name: Howard L. Ehler, Jr.
                                            Title:   Chief Operating Officer

                                       14<PAGE>

                                                                    EXHIBIT 10.1

                            STOCK PURCHASE AGREEMENT

     THIS STOCK PURCHASE AGREEMENT ("Agreement") is made as of this 30th day of
June, 2005, by and between Lloyd I. Miller, III, both on behalf of himself and
on behalf of each of the respective entities set forth on Schedule A hereto
(collectively, "Seller"), and Dynabazaar, Inc., a Delaware corporation (the
"Company").

                                 R E C I T A L S

         WHEREAS, Seller is a significant stockholder and a member of the Board
of Directors of the Company;

         WHEREAS, Seller is the beneficial owner of an aggregate of 3,657,988
shares of common stock, par value $0.001 per share, of the Company (the
"Shares");

         WHEREAS, Seller desires to sell to the Company, and the Company desires
to purchase from Seller, the Shares in accordance with the terms and subject to
the conditions set forth in this Agreement; and

         WHEREAS, this Agreement and the transactions set forth herein have been
approved by the Board of Directors of the Company, including each director of
the Company that has no interest in the transactions.

          NOW, THEREFORE, in consideration of the premises and the mutual
covenants, agreements, representations and warranties contained herein, the
parties hereto, intending to be legally bound hereby, do hereby agree as
follows:

                                    ARTICLE I
                           SALE AND PURCHASE OF SHARES

         1.1 Sale of the Shares. Subject to the terms and conditions hereof,
Seller hereby sells, assigns, transfers, conveys and delivers to the Company,
and the Company hereby purchases and accepts the assignment, transfer,
conveyance and delivery from Seller of, all right, title and interest of Seller
in and to the Shares.

         1.2 Consideration for Shares. In consideration of the sale, assignment,
transfer, conveyance and delivery of the Shares pursuant to Section 1.1 hereof,
the Company hereby agrees to pay to Seller a purchase price (the "Purchase
Price") equal to: (a) $0.315 per share, or an aggregate of $1,152,266.22, in
immediately available United States dollars, at the Closing (as defined below)
and (b) 13.6% of any net proceeds distributed to the Company pursuant to the
escrow agreement dated as of September 4, 2003 by and among the Company, eBay,
Inc. and Zions First National Bank in immediately available United States
dollars within 15 days of the Company's receipt of any such proceeds.

         1.3 Closing. The transactions contemplated by this Agreement shall be
consummated at a closing (the "Closing"), which shall be held at the offices of
the Company located at 888 Seventh Avenue, 17th Floor, New York, New York, at
10:00 a.m. on the date the conditions to Closing set forth in Article II hereof
are satisfied. The date on which the Closing occurs is referred to herein as the
"Closing Date."

<PAGE>

         1.4 Closing Transactions. (a) Seller's Delivery Obligations. Seller
shall (i) deliver to the Company certificates evidencing the Shares, each duly
endorsed in blank or accompanied by a stock power duly endorsed in blank, in
form reasonably satisfactory to the Company and with all required stock transfer
tax stamps affixed; provided that, to the extent that Seller does not maintain
physical possession of the Shares, Seller may effect delivery thereof through
customary book-entry transfers through one or more brokers; and (ii) execute and
deliver or cause to be executed and delivered such other documents or agreements
and take such other action as may be reasonably necessary or appropriate to
consummate the transfer of the Shares to the Company.

                  (b) The Company's Delivery Obligations. The Company shall
deliver to Seller the Purchase Price by wire transfer of immediately available
funds to such account as is designated by Seller to the Company in writing on or
prior to the Closing Date.

                                   ARTICLE II
                              CONDITIONS TO CLOSING

         2.1 Conditions to Obligations of the Company. The obligations of the
Company under this Agreement, including, without limitation, to pay the Purchase
Price to Seller, are subject to the conditions that (a) Seller's representations
and warranties in this Agreement shall have been true and correct on the date
hereof and on the Closing Date, (b) Seller shall have complied in all material
respects with all covenants required by this Agreement to be complied with by it
on or before the Closing Date and (c) the Company shall have received (i) this
Agreement duly executed on behalf of Seller and (ii) the Shares.

         2.2 Conditions to Obligations of the Seller. The obligations of the
Seller under this Agreement, including, without limitation, to sell, assign,
transfer, convey and deliver the Shares to the Company, are subject to the
conditions that (a) the Company's representations and warranties in this
Agreement shall have been true and correct on the date hereof and on the Closing
Date, (b) the Company shall have complied in all material respects with all
covenants required by this Agreement to be complied with by it on or before the
Closing Date and (c) Seller shall have received (i) this Agreement duly executed
on behalf of the Company and (ii) payment of the Purchase Price from the
Company.

                                   ARTICLE III
                    REPRESENTATIONS AND WARRANTIES OF SELLER

         Seller hereby represents and warrants to the Company as of the date of
this Agreement and the Closing Date as follows:

         3.1 Due Authorization and Validity. Seller has all requisite power and
authority to enter into this Agreement, to perform Seller's obligations
hereunder and to consummate the transactions contemplated hereby. This Agreement
has been duly and validly executed and delivered by Seller and, subject to the
due execution and delivery by the Company, this Agreement constitutes the legal,
valid and binding obligation of Seller, enforceable against Seller in accordance
with its terms.

                                       2
<PAGE>

         3.2 Ownership. Each Seller entity is the sole beneficial owner of, and
has good and marketable title to, the Shares shown as owned by such Seller
entity on Schedule A hereto. Upon the consummation of the transactions
contemplated by this Agreement, the Company will acquire good, valid and
marketable title to the Shares, free and clear of all security interests, liens,
claims, charges, options or other encumbrance or restriction of any kind
(collectively, a "Lien"), other than Liens on securities held in margin accounts
to be terminated on or prior to the Closing Date and any Liens that may be
created by the Company. Seller has not appointed or granted any proxy with
respect to the Shares, which appointment or grant shall still be effective at
the closing of the transactions contemplated by this Agreement.

         3.3 Government and Other Consents. No consent, declaration, filing,
approval, authorization or order of, notice to, or registration with, any court
or federal, state, provincial, municipal, foreign or other governmental
department, commission, board, bureau, agency or instrumentality or arbitration
tribunal, wherever located (a "Governmental Authority"), or any third party is
required by Seller in connection with the execution and delivery by Seller of
this Agreement or the consummation of any transactions contemplated hereby,
except for (a) such filings required to amend or supplement Seller's existing
filings with the Securities and Exchange Commission (the "SEC") on Form 4,
Schedule 13D or Schedule 13G, as the case may be, and (b) such consents,
declarations, filings, approvals, authorizations, orders, notices or
registrations the absence of which would not, either individually or in the
aggregate, have a material adverse effect on the transactions contemplated by
this Agreement.

          3.4 Brokers. No broker, finder or investment banker is entitled to any
brokerage, finder's or other fee or commission in connection with the
transactions contemplated by this Agreement based upon arrangements made by
Seller or on Seller's behalf for which the Company would have any obligation or
liability.

         3.5 Information and Experience. Seller has had a preexisting business
relationship with the Company of a nature and duration sufficient to make Seller
aware of the business and financial circumstances of the Company and has had
access to all information regarding the Company and its present and prospective
business, assets, liabilities and financial condition that Seller reasonably
considers important in making the decision to dispose of the Shares. By reason
of Seller's business or financial experience, Seller is capable of evaluating
the merits and risks of the sale of the Shares and has the ability to protect
Seller's own interests in this transaction.

                                       3
<PAGE>

                                   ARTICLE IV
                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

         The Company hereby represents and warrants to Seller as of the date of
this Agreement and the Closing Date as follows:

         4.1 Due Authorization and Validity. The Company is a corporation duly
organized and validly existing under the laws of the State of Delaware and has
all requisite power and authority to enter into this Agreement, to perform its
obligations hereunder and to consummate the transactions contemplated hereby.
This Agreement and the transactions set forth herein have been approved by the
Board of Directors of the Company, including each director of the Company that
has no interest in the transactions. This Agreement has been duly and validly
executed and delivered by the Company and, subject to the due execution and
delivery by Seller, this Agreement constitutes the legal, valid and binding
obligation of the Company, enforceable against the Company in accordance with
its terms.

         4.2 Government and Other Consents. No consent, declaration, filing,
approval, authorization or order of, notice to, or registration with, any
Governmental Authority or any third party is required by the Company in
connection with the execution and delivery by the Company of this Agreement or
the consummation of any transactions contemplated hereby, except for (a) such
filings with the SEC as are required to disclose the purchase of the Shares by
the Company and (b) such consents, declarations, filings, approvals,
authorizations, orders, notices or registrations the absence of which would not,
either individually or in the aggregate, have a material adverse effect on the
transactions contemplated by this Agreement.

         4.3 Brokers. No broker, finder or investment banker is entitled to any
brokerage, finder's or other fee or commission in connection with the
transactions contemplated by this Agreement based upon arrangements made by the
Company or on the Company's behalf for which Seller would have any obligation or
liability.

         4.4 Information and Experience. The Company has access to all
information that the Company reasonably considers important in making the
decision to purchase the Shares. The Company is capable of evaluating the merits
and risks of the purchase of the Shares and has the ability to protect its own
interests in this transaction.

                                    ARTICLE V
                   CERTAIN COVENANTS OF THE COMPANY AND SELLER

         5.1 Excluded Information. Each party hereto acknowledges and agrees
that (i) there may now or later exist information that is not known to such
party that may be material to a decision to acquire or dispose of the Shares
("Excluded Information"), (ii) each party hereto has determined to consummate
the transactions contemplated by this Agreement notwithstanding such party's
lack of knowledge of the Excluded Information, if any, and (iii) the other party
shall have no liability to such party, and such party waives and releases any
claims that such party might have against the other party, whether under
applicable securities laws or otherwise, with respect to the nondisclosure of
the Excluded Information, if any, in connection with the transactions
contemplated hereby, provided that the Excluded Information, if any, shall not
and does not affect the truth or accuracy of the representations or warranties
of the other party contained in this Agreement.

                                       4
<PAGE>

         5.2 Reasonable Efforts. Each party hereto agrees to use commercially
reasonable efforts to take, or cause to be taken, all actions, and to do, or
cause to be done, and to assist and cooperate with the other party or parties in
doing, all things necessary, proper or advisable, consistent with applicable
laws, to consummate and make effective the transactions contemplated by this
Agreement. In addition, from time to time after the date hereof, each of the
parties hereto agrees to execute and deliver, or cause to be executed and
delivered, such documents as the other party or parties may reasonably request
in order to consummate more effectively the transactions contemplated by this
Agreement.

         5.3 Release. The Company hereby releases the Seller and the Seller
hereby releases the Company and each of their respective directors, officers,
employees, affiliates, agents, administrators, attorneys and other
representatives, successors and assigns (each such person or entity, a "Related
Person"), fully and finally, from all manner of claims, causes of action, suits,
demands, debts, sums of money, accounts, covenants, contracts, controversies,
agreements and promises on its part of any kind whatsoever, known or unknown,
suspected or unsuspected, direct, indirect or contingent, in law or in equity
(collectively, "Claims"), arising at any time on or prior to the Closing Date
hereof, which result from or arise out of the formation, capitalization,
financing, management or operations of the Company or any of its subsidiaries,
or any action by or omission by the Company or Seller or any Related Person in
connection therewith; provided, however, that this release does not relate to
nor does it release either party hereto from any of its obligations under this
Agreement or any of the transactions contemplated hereby.

         5.4 Non-Disparagement. Each party hereto agrees to refrain from taking
actions or making any private or public statement, written or oral, which
denigrates, disparages or defames (whether or not such disparagement legally
constitutes libel or slander) the goodwill or reputation of any other party or
any Related Person.

                                   ARTICLE VI
                                 INDEMNIFICATION

         6.1 Survival of Representations, Warranties and Covenants. Except as
otherwise set forth herein, the respective representations and warranties of
Seller contained in Sections 3.1, 3.2, 3.3 and 3.4 and the Company contained in
Sections 4.1, 4.2 and 4.3 shall survive the date hereof for a period of twelve
(12) months. Any such representation or warranty which is the subject of a claim
or dispute asserted prior to such date shall survive with respect to such claim
or dispute until final resolution thereof. This Section 6.1 shall not limit any
covenant or agreement of the parties in this Agreement to the extent such
covenant or agreement contemplates or requires performance after the date
hereof.

         6.2 Seller's Indemnification of the Company. Seller hereby agrees to
indemnify, defend and hold the Company, its affiliates and their respective
officers, directors, managers, partners and successors and assignees harmless
from, against and in respect of any and all losses, damages, expenses (including
reasonable attorneys' fees), judgments and other liabilities (collectively,
"Company Damages"), resulting from or arising out of or in connection with (a)
any breach or inaccuracy of any representation or warranty of Seller contained
in Section 3.1, 3.2, 3.3 or 3.4, or any failure to perform any covenants or
agreements of Seller contained in Section 5.2, as such representations,
warranties, covenants and agreements are set forth in this Agreement, and (b)
any actions, suits or proceedings or demands in connection with the foregoing or
the enforcement of the Company's rights under this Agreement.

                                       5
<PAGE>

         6.3 The Company's Indemnification of Seller. The Company hereby agrees
to indemnify, defend and hold Seller, Seller's affiliates and their respective
officers, directors, managers, partners and successors and assigns harmless
from, against and in respect of any and all losses, damages, expenses (including
reasonable attorneys' fees), judgments and other liabilities (collectively,
"Seller Damages") resulting from or arising out of or in connection with (a) any
breach or inaccuracy of any representation or warranty of the Company contained
in Section 4.1, 4.2 or 4.3, or any failure to perform any covenants or
agreements of the Company contained in Section 5.2, as such representations,
warranties, covenants and agreements are set forth in this Agreement, and (b)
any actions, suits, proceedings or demands in connection with the foregoing or
the enforcement of Seller's rights under this Agreement.

         6.4 Procedure for Indemnification. Any party seeking indemnification
(an "Indemnified Party") shall provide to the party from which such party is
seeking indemnification (an "Indemnifying Party"), as promptly as practicable
after notice of a claim, all information and documentation necessary to support
and verify the claim asserted, and the Indemnifying Party shall be given
reasonable access to the books and records in the possession or control of the
Indemnified Party which any Indemnifying Party reasonably determines to be
related to such claim. Failure to provide information and documentation as
promptly as practicable as specified in the preceding sentence shall not be
deemed a waiver of the Indemnified Party's right to indemnification, but the
amount of reimbursement to which the Indemnified Party is entitled shall be
reduced by the amount, if any, by which Company Damages or Seller Damages, as
the case may be, would have been less had such information and documentation
been delivered as promptly as practicable.

                                   ARTICLE VII
                               GENERAL PROVISIONS

         7.1 Expenses. Whether or not the transactions contemplated hereby shall
be consummated, Seller, on the one hand, and the Company, on the other hand,
shall each be responsible for the fees, expenses and disbursements of their
respective agents, representatives, accountants and counsel incurred in
connection with the negotiation of this Agreement and the transactions
contemplated in connection herewith, it being specifically agreed that neither
the Company nor Seller shall charge to the other party the expenses of such
party in connection with negotiation of this Agreement and the transactions
contemplated herein.

         7.2 Construction; Entire Agreement; Amendment. This Agreement shall be
governed by and construed in accordance with the laws of the State of New York
irrespective of such State's conflicts of law principles. This Agreement,
together with schedules attached hereto, and all other documents and instruments
executed and delivered in connection herewith, contains the entire agreement
between Seller and the Company with respect to the transactions contemplated
hereby and supersedes all prior arrangements and understandings among them with
respect thereto. This Agreement may not be amended, modified or changed except
by an instrument in writing signed by Seller and the Company.

                                       6
<PAGE>

         7.3 Notices. (a) All notices, requests, demands, and other
communications required to or permitted to be given under this Agreement shall
be in writing and shall be delivered personally or by overnight courier (with
confirmation of receipt) or by certified or registered mail (postage prepaid and
return receipt requested). Any such notice shall be deemed given when so
delivered personally or if mailed or sent by overnight courier, three days after
the date of deposit in the United States mail or one day after pickup by
overnight courier, if addressed as follows:

         if to Seller, to:

                           Lloyd I. Miller, III
                           4550 Gordon Drive
                           Naples, Florida 34102
                           Telephone:  (239) 262-8577

         if to the Company, to:

                           Dynabazaar, Inc.
                           888 Seventh Avenue, 17th Floor
                           New York, New York 10019
                           Attn: President
                           Telephone: (212) 974-5700

                  (b) Each party agrees to make a good faith effort to ensure
that such party will accept or receive notices that are given in accordance with
this Section 7.3, and that any person to be given notice actually receives such
notice. A party may change or supplement the addresses given above, or designate
additional addresses for purposes of this Section 7.3, by giving the other party
written notice of the new address in the manner set forth above.

         7.4 Severability. If any provision of this Agreement or the application
thereof to any person, entity or circumstance is held by a court of competent
jurisdiction to be invalid, void or unenforceable, the remaining provisions
hereof, or the application of such provision to persons, entities or
circumstances other than those as to which it has been held invalid, void or
unenforceable, shall remain in full force and effect and shall in no way be
affected, impaired or invalidated thereby.

         7.5 Exercise of Rights; Specific Performance. No failure on the part of
a party to exercise, and no delay in exercising, any right or remedy under this
Agreement shall operate as a waiver hereof by such party, nor shall any single
or partial exercise of any right under this Agreement preclude any other or
further exercise thereof or the exercise of any other right or remedy. Each of
the parties hereto acknowledges and agrees that irreparable damage would occur
in the event any provision of this Agreement were not performed in accordance
with the terms hereof and that the parties shall be entitled to specific
performance of the terms hereof, in addition to any other remedy at law or
equity.

                                       7
<PAGE>

         7.6 Successors and Assigns; Assignment. This Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective heirs,
representatives, successors and assigns. Neither this Agreement nor any of the
rights, interests or obligations hereunder shall be assigned or delegated,
directly or indirectly, by any party hereto without the prior written consent of
the other parties.

         7.7 Counterparts. This Agreement may be executed in any number of
counterparts and each such counterpart hereof shall be deemed to be an original
instrument, but all such counterparts together shall constitute but one
agreement.

                  [Remainder of page intentionally left blank]

                                       8
<PAGE>

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

                                -------------------------------------------
                                Lloyd I. Miller, III, both individually and
                                on behalf of the entities set forth on
                                Schedule A hereto

                                DYNABAZAAR, INC.

                                By: _________________________
                                     William Fox
                                     President and Chief Executive Officer

                                       9

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