Document:

EXHIBIT 10.7

                            STOCK PURCHASE AGREEMENT

         THIS AGREEMENT is made and entered into this 31st day of July 2006, by
and between those SHAREHOLDERS, identified in Exhibit "D" hereto (collectively
"Seller"), MIAD SYSTEMS, LTD and SUPERIOR TIME ASSOCIATES UNLIMITED ("Buyer");

                                   BACKGROUND
                                   ----------

                  WHEREAS, the Seller owns ONE MILLION NINE HUNDRED SIXTY
THOUSAND (1,960,000) shares (the "Shares") of common stock, no par value (the
"Common Stock"), of MIAD SYSTEMS, LTD, a Canadian corporation ("MIAD" or the
"Company"); and

                  WHEREAS, the Seller desires to sell the Shares to the Buyer
and the Buyer desires to purchase the Shares from the Seller, all upon the terms
and subject to the conditions hereinafter set forth;

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

                                    SECTION I
                                   DEFINITIONS

         Unless the context otherwise requires, the terms defined in this
Section 1 will have the meanings herein specified for all purposes of this
Agreement, applicable to both the singular and plural forms of any of the terms
herein defined.

         1.1 "Accredited Investor" has the meaning set forth in Regulation D
under the Securities Act and set forth on Exhibit "A."

         1.2 "Affiliate" means any Person that directly or indirectly controls,
is controlled by or is under common control with the indicated Person.

         1.3 "Agreement" means this Stock Purchase Agreement, including all
Schedules and Exhibits hereto, as this Stock Purchase Agreement may be from time
to time amended, modified or supplemented.

         1.4 "Approved Plans" means a stock option or similar plan for the
benefit of employees or others which has been approved by the stockholders of
the Company.

         1.5 "Balance Sheet" means the Company's audited balance sheet at March
31, 2005.

         1.6 "Buyer" has the meaning set forth in the preamble.

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         1.7 "Closing" has the meaning set forth in Section 2.1.

         1.8 "Code" means the Internal Revenue Code of 1986, as amended.

         1.9 "Commission" means the Securities and Exchange Commission or any
other federal agency then administering the Securities Act.

         1.10 "Common Stock" has the meaning set forth in the preamble.

         1.11 "Company" means MIAD SYSTEMS, LTD, a Canadian corporation, and all
of its direct and indirect subsidiaries.

         1.12 "Company Board" means the Board of Directors of the Company.

         1.13 "Distributor" means any underwriter, dealer or other Person who
participates, pursuant to a contractual arrangement, in the distribution of the
securities offered or sold in reliance on Regulation S.

         1.14 "Environmental Laws" means any Law or other requirement relating
to the environment, natural resources, or public or employee health and safety.

         1.15 "Environmental Permit" means all licenses, permits,
authorizations, approvals, franchises and rights required under any applicable
Environmental Law or Order.

         1.16 "Equity Security" means any stock or similar security, including,
without limitation, securities containing equity features and securities
containing profit participation features, or any security convertible into or
exchangeable for, with or without consideration, any stock or similar security,
or any security carrying any warrant, right or option to subscribe to or
purchase any shares of capital stock, or any such warrant or right.

         1.17 "ERISA" means the Employee Retirement Income Security Act of 1974,
as amended.

         1.18 "Exchange Act" means the Securities Exchange Act of 1934 or any
similar federal statute, and the rules and regulations of the Commission
thereunder, all as the same will then be in effect.

         1.19 "Exhibits" means the several exhibits referred to and identified
in this Agreement.

         1.20 "GAAP" means, with respect to any Person, United States generally
accepted accounting principles applied on a consistent basis with such Person's
past practices.

         1.21 "Governmental Authority" means any federal or national, state or
provincial, municipal or local government, governmental authority, regulatory or
administrative agency, governmental commission, department, board, bureau,
agency or instrumentality, political subdivision, commission, court, tribunal,
official, arbitrator or arbitral body, in each case whether U.S. or non-U.S.

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         1.22 "Indebtedness" means any obligation, contingent or otherwise. Any
obligation secured by a Lien on, or payable out of the proceeds of, or
production from, property of the relevant party will be deemed to be
Indebtedness.

         1.23 "Indebtedness for Borrowed Money" means (a) all Indebtedness in
respect of money borrowed; (b) all Indebtedness evidenced by a promissory note,
bond or similar written obligation to pay money; or (c) all such Indebtedness
guaranteed by the relevant party or for which the relevant party is otherwise
contingently liable.

         1.24 "Intellectual Property" means all industrial and intellectual
property, including, without limitation, all U.S. and non-U.S. patents, patent
applications, patent rights, trademarks, trademark applications, common law
trademarks, Internet domain names, trade names, service marks, service mark
applications, common law service marks, and the goodwill associated therewith,
copyrights, in both published and unpublished works, whether registered or
unregistered, copyright applications, franchises, licenses, know-how, trade
secrets, technical data, designs, customer lists, confidential and proprietary
information, processes and formulae, all computer software programs or
applications, layouts, inventions, development tools and all documentation and
media constituting, describing or relating to the above, including manuals,
memoranda, and records, whether such intellectual property has been created,
applied for or obtained anywhere throughout the world.

         1.25 "Laws" means, with respect to any Person, any U.S. or non-U.S.
federal, national, state, provincial, local, municipal, international,
multinational or other law (including common law), constitution, statute, code,
ordinance, rule, regulation or treaty applicable to such Person.

         1.26 "Lien" means any mortgage, pledge, security interest, encumbrance,
lien or charge of any kind, including, without limitation, any conditional sale
or other title retention agreement, any lease in the nature thereof and the
filing of or agreement to give any financing statement under the Uniform
Commercial Code of any jurisdiction and including any lien or charge arising by
Law.

         1.27 "Material Contract" means any and all agreements, contracts,
arrangements, leases, commitments or otherwise, of the Company, of the type and
nature that the Company is required to file with the Commission.

         1.28 "Material Adverse Effect" means, when used with respect to the
Company, any change, effect or circumstance which, individually or in the
aggregate, would reasonably be expected to (a) have a material adverse effect on
the business, assets, financial condition or results of operations of the
Company, in each case taken as a whole or (b) materially impair the ability of
the Company to perform their obligations under this Agreement, excluding any
change, effect or circumstance resulting from (i) the announcement, pendency or
consummation of the transactions contemplated by this Agreement, (ii) changes in
the United States securities markets generally, or (iii) changes in general
economic, currency exchange rate, political or regulatory conditions in
industries in which the Company, as the case may be, operate.

         1.29 "Order" means any award, decision, injunction, judgment, order,
ruling, subpoena, or verdict entered, issued, made, or rendered by any
Governmental Authority.

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         1.30 "Organizational Documents" means the Company's articles of
incorporation and by-laws and any and all amendments to any of the foregoing.

         1.31 "Permits" has the meaning set forth in Section 3.20.

         1.32 "Permitted Liens" means (a) Liens for Taxes not yet payable or in
respect of which the validity thereof is being contested in good faith by
appropriate proceedings and for the payment of which the relevant party has made
adequate reserves; (b) Liens in respect of pledges or deposits under workmen's
compensation laws or similar legislation, carriers, warehousemen, mechanics,
laborers and materialmen and similar Liens, if the obligations secured by such
Liens are not then delinquent or are being contested in good faith by
appropriate proceedings conducted and for the payment of which the relevant
party has made adequate reserves; (c) statutory Liens incidental to the conduct
of the business of the relevant party which were not incurred in connection with
the borrowing of money or the obtaining of advances or credits and that do not
in the aggregate materially detract from the value of its property or materially
impair the use thereof in the operation of its business; and (d) Liens that
would not have a Material Adverse Effect.

         1.33 "Person" means all natural persons, corporations, business trusts,
associations, companies, partnerships, limited liability companies, joint
ventures and other entities, governments, agencies and political subdivisions.

         1.34 "Proceeding" means any action, arbitration, audit, hearing,
investigation, litigation, or suit (whether civil, criminal, administrative,
investigative, or informal) commenced, brought, conducted, or heard by or
before, or otherwise involving, any Governmental Authority.

         1.35 "Purchase Price" has the meaning set forth in Section 2.2.

         1.36 "Regulation S" means Regulation S under the Securities Act, as the
same may be amended from time to time, or any similar rule or regulation
hereafter adopted by the Commission.

         1.37 "Rule 144" means Rule 144 under the Securities Act, as the same
may be amended from time to time, or any successor statute.

         1.38 "Schedules" means the several schedules referred to and identified
herein, setting forth certain disclosures, exceptions and other information,
data and documents referred to at various places throughout this Agreement.

         1.39 "SEC Documents" has the meaning set forth in Section 3.26.

         1.40 "Section 4(2)" means Section 4(2) under the Securities Act, as the
same may be amended from time to time, or any successor statute.

         1.41 "Securities Act" means the Securities Act of 1933, as amended, or
any similar federal statute, and the rules and regulations of the Commission
thereunder, all as the same will be in effect at the time.

         1.42 "Seller" has the meaning set forth in the preamble.

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         1.43 "Shares" has the meaning set forth in the preamble.

         1.44 "Subsidiary" means, with respect to the Company, any corporation,
limited liability company, joint venture or partnership of which the Company (a)
beneficially owns, either directly or indirectly, more than 50% of (i) the total
combined voting power of all classes of voting securities of such entity, (ii)
the total combined equity interests, or (iii) the capital or profit interests,
in the case of a partnership; or (b) otherwise has the power to vote or to
direct the voting of sufficient securities to elect a majority of the board of
directors or similar governing body.

         1.45 "Taxes" means all foreign, federal, state or local taxes, charges,
fees, levies, imposts, duties and other assessments, as applicable, including,
but not limited to, any income, alternative minimum or add-on, estimated, gross
income, gross receipts, sales, use, transfer, transactions, intangibles, ad
valorem, value-added, franchise, registration, title, license, capital, paid-up
capital, profits, withholding, payroll, employment, unemployment, excise,
severance, stamp, occupation, premium, real property, recording, personal
property, federal highway use, commercial rent, environmental (including, but
not limited to, taxes under Section 59A of the Code) or windfall profit tax,
custom, duty or other tax, governmental fee or other like assessment or charge
of any kind whatsoever, together with any interest, penalties or additions to
tax with respect to any of the foregoing; and "Tax" means any of the foregoing
Taxes.

         1.46 "Tax Group" means any federal, state, local or foreign
consolidated, affiliated, combined, unitary or other similar group of which the
Acquiror is now or was formerly a member.

         1.47 "Tax Return" means any return, declaration, report, claim for
refund or credit, information return, statement or other similar document filed
with any Governmental Authority with respect to Taxes, including any schedule or
attachment thereto, and including any amendment thereof.

         1.48 "Transaction Documents" means, collectively, all agreements,
instruments and other documents to be executed and delivered in connection with
the transactions contemplated by this Agreement.

         1.49 "U.S." means the United States of America.

         1.50 "U.S. person" has the meaning set forth in Regulation S under the
Securities Act and set forth on Exhibit "D" hereto.

                                   SECTION II
                                     CLOSING

         2.1 Closing. The closing ("Closing") of the transactions contemplated
hereby will occur at the offices of Ziam, Inc., in San Antonio, Texas, on the
date hereof (the "Closing Date") or as mutually agreed by the Parties to this
Agreement.

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         2.2 Purchase and Sale; Payment. On the terms and subject to the
conditions of this Agreement, at the Closing, the Seller shall sell, convey,
assign, transfer and deliver to the Buyer, free and clear of all Liens, and the
Buyer will buy from the Seller, the Shares. The purchase price for the Shares
shall be FIVE HUNDRED AND NINETEEN THOUSAND and no/100 U.S. DOLLARS
($519,000.00) ("Purchase Price"). At the Closing, the Seller will deliver to the
Buyer by and through the escrow agent, Gary Joiner, certificates representing
all the Shares, duly endorsed, or accompanied by stock powers duly executed,
with all required transfer stamps affixed. At the Closing, the Buyer shall
transfer to the Seller, via Escrow Agent David G. Zanardi, by wire transfer or
certified or official bank check in immediately available funds an amount equal
to the Purchase Price.

                                   SECTION III
             REPRESENTATIONS AND WARRANTIES OF THE MIAD SYSTEMS, LTD

         The Seller hereby represents and warrants to the Buyer as follows:

         3.1 Organization and Qualification. The Company is duly organized,
validly existing and in good standing under the laws of its jurisdiction of
organization, has all requisite authority and power (corporate and other),
governmental licenses, authorizations, consents and approvals to carry on its
business as presently conducted and to own, hold and operate its properties and
assets as now owned, held and operated by it, except where the failure to be so
organized, existing and in good standing, or to have such authority and power,
governmental licenses, authorizations, consents or approvals would not have a
Material Adverse Effect. The Company is duly qualified, licensed or domesticated
as a foreign corporation in good standing in each jurisdiction wherein the
nature of its activities or its properties owned, held or operated makes such
qualification, licensing or domestication necessary, except where the failure to
be so duly qualified, licensed or domesticated and in good standing would not
have a Material Adverse Effect. Schedule 3.1 sets forth a true, correct and
complete list of the Company's jurisdiction of organization and each other
jurisdiction in which the Company presently conducts its business or owns, holds
and operates its properties and assets.

         3.2 Subsidiaries. The Company does not own, directly or indirectly, any
equity or other ownership interest in any corporation, partnership, joint
venture or other entity or enterprise.

         3.3 Organizational Documents. True, correct and complete copies of the
Organizational Documents have been delivered to the Buyer prior to the execution
of this Agreement, and no action has been taken to amend or repeal such
Organizational Documents. The Company is not in violation or breach of any of
the provisions of its Organizational Documents, except for such violations or
breaches as would not have a Material Adverse Effect.

         3.4 Authorization. The Seller has all requisite authority and power
(corporate and other), governmental licenses, authorizations, consents and
approvals to enter into this Agreement and each of the Transaction Documents to
which the Seller is a party, to consummate the transactions contemplated by this
Agreement and each of the Transaction Documents to which the Seller is a party
and to perform its obligations under this Agreement and each of the Transaction
Documents to which the Seller is a party. The execution, delivery and
performance by the Seller of this Agreement and each of the Transaction

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Documents to which the Seller is a party requires no authorization, consent,
approval, license, exemption of or filing or registration with any Governmental
Authority or other Person.

         3.5 No Violation. Neither the execution or delivery by the Seller of
this Agreement or any Transaction Document to which the Seller is a party, nor
the consummation or performance by the Seller of the transactions contemplated
hereby or thereby will, directly or indirectly, (a) contravene, conflict with,
or result in a violation of any provision of the Organizational Documents of the
Company; (b) contravene, conflict with, constitute a default (or an event or
condition which, with notice or lapse of time or both, would constitute a
default) under, or result in the termination or acceleration of, or result in
the imposition or creation of any Lien under, any agreement or instrument to
which the Company is a party or by which the properties or assets of the Company
are bound; (c) contravene, conflict with, or result in a violation of, any Law
or Order to which the Company, or any of the properties or assets owned or used
by the Company, may be subject; or (d) contravene, conflict with, or result in a
violation of, the terms or requirements of, or give any Governmental Authority
the right to revoke, withdraw, suspend, cancel, terminate or modify, any
licenses, permits, authorizations, approvals, franchises or other rights held by
the Company or that otherwise relate to the business of, or any of the
properties or assets owned or used by, the Company, except, in the case of
clause (b), (c), or (d), for any such contraventions, conflicts, violations, or
other occurrences as would not have a Material Adverse Effect.

         3.6 Binding Obligations. Assuming this Agreement and the Transaction
Documents have been duly and validly authorized, executed and delivered by the
parties thereto other than the Seller, this Agreement has been, and as of the
Closing each of the Transaction Documents to which the Seller is a party will
be, duly authorized, executed and delivered by the Seller and constitutes or
will constitute, as the case may be, the legal, valid and binding obligations of
the Seller, enforceable against the Seller in accordance with their respective
terms, except as such enforcement is limited by general equitable principles, or
by bankruptcy, insolvency and other similar Laws affecting the enforcement of
creditors rights generally.

         3.7 Ownership of Shares. The Seller is the sole lawful owner of record
and beneficially of, and has good and marketable title to, the Shares. The sale,
transfer, assignment and delivery of the Shares by the Seller pursuant to this
Agreement is, and will transfer to the Buyer good and marketable record and
beneficial title thereto, free and clear of all pledges, liens, security
interests, encumbrances, equities, claims and other charges of any kind
whatsoever.

         3.8 Capitalization and Related Matters.

             3.8.1 Capitalization. The issued and outstanding stock of the
Company consists of 3,711,400 shares. All issued and outstanding shares of the
Common Stock are duly authorized, validly issued, fully paid and nonassessable,
and have not been issued in violation of any preemptive or similar rights.
Except as disclosed previouslyor the SEC Documents, there are no outstanding or
authorized options, warrants, purchase agreements, participation agreements,
subscription rights, conversion rights, exchange rights or other securities or
contracts that could require the Company to issue, sell or otherwise cause to
become outstanding any of its authorized but unissued shares of capital stock or
any securities convertible into, exchangeable for or carrying a right or option
to purchase shares of capital stock or to create, authorize, issue, sell or

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otherwise cause to become outstanding any new class of capital stock. There are
no outstanding stockholders' agreements, voting trusts or arrangements,
registration rights agreements, rights of first refusal or other contracts
pertaining to the capital stock of the Company. The issuance of all of the
shares of Common Stock described in this Section 3.8.1 have been in compliance
with U.S. federal and state securities laws.

             3.8.2 No Redemption Requirements. Except as set forth or in the SEC
Documents, there are no outstanding contractual obligations (contingent or
otherwise) of the Company to retire, repurchase, redeem or otherwise acquire any
outstanding shares of capital stock of, or other ownership interests in, the
Company or to provide funds to or make any investment (in the form of a loan,
capital contribution or otherwise) in any other Person.

             3.8.3 Duly Authorized. The issuance of the Shares ha s been duly
authorized and, upon delivery to the Buyer of certificates therefor in
accordance with the terms of this Agreement, the Shares will have been validly
issued and fully paid, and will be nonassessable, have the rights, preferences
and privileges specified, will be free of preemptive rights and will be free and
clear of all Liens and restrictions, other than Liens created by the Buyer and
restrictions on transfer imposed by this Agreement and the Securities Act.

         3.9 Compliance with Laws. Except as would not have a Material Adverse
Effect, the business and operations of the Company has been and is being
conducted in accordance with all applicable Laws and Orders. Except as would not
have a Material Adverse Effect, the Company has not received notice of any
violation (or any Proceeding involving an allegation of any violation) of any
applicable Law or Order by or affecting the Company and, to the knowledge of the
Seller, no Proceeding involving an allegation of violation of any applicable Law
or Order is threatened or contemplated.

         3.10 Certain Proceedings. There is no pending Proceeding that has been
commenced against the Company and that challenges, or may have the effect of
preventing, delaying, making illegal, or otherwise interfering with, any of the
transactions contemplated by this Agreement. To the knowledge of the Seller, no
such Proceeding has been threatened.

         3.11 No Brokers or Finders. Except as disclosed previously, no Person
has, or as a result of the transactions contemplated herein will have, any right
or valid claim against the Company for any commission, fee or other compensation
as a finder or broker, or in any similar capacity, and the Seller will indemnify
and hold the Buyer harmless against any liability or expense arising out of, or
in connection with, any such claim.

         3.12 Absence of Undisclosed Liabilities. Except as set forth previously
or in the SEC Documents, the Company has no debt, obligation or liability
(whether accrued, absolute, contingent, liquidated or otherwise, whether due or
to become due, whether or not known to the Company) arising out of any
transaction entered into at or prior to the Closing or any act or omission at or
prior to the Closing, except to the extent set forth on or reserved against on
the Balance Sheet. Except as set forth on Schedule 3.12, the Company has not
incurred any liabilities or obligations under agreements entered into, in the
usual and ordinary course of business since May 26, 2006.

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         3.13 Changes. Except as set forth previously or in the SEC Documents,
the Company has not, since May 26, 2006:

              3.13.1 Ordinary Course of Business. Conducted its business or
entered into any transaction other than in the usual and ordinary course of
business, except for this Agreement.

              3.13.2 Adverse Changes. Suffered or experienced any change in, or
affecting, its condition (financial or otherwise), properties, assets,
liabilities, business, operations, results of operations or prospects other than
changes, events or conditions in the usual and ordinary course of its business,
none of which would have a Material Adverse Effect;

              3.13.3 Loans. Made any loans or advances to any Person other than
travel advances and reimbursement of expenses made to employees, officers and
directors in the ordinary course of business;

              3.13.4 Liens. Created or permitted to exist any Lien on any
material property or asset of the Acquiror Companies, other than Permitted
Liens;

              3.13.5 Capital Stock. Issued, sold, disposed of or encumbered, or
authorized the issuance, sale, disposition or encumbrance of, or granted or
issued any option to acquire any shares of its capital stock or any other of its
securities or any Equity Security, or altered the term of any of its outstanding
securities or made any change in its outstanding shares of capital stock or its
capitalization, whether by reason of reclassification, recapitalization, stock
split, combination, exchange or readjustment of shares, stock dividend or
otherwise;

              3.13.6 Dividends. Declared, set aside, made or paid any dividend
or other distribution to any of its stockholders;

              3.13.7 Material Contracts. Terminated or modified any Material
Contract, except for termination upon expiration in accordance with the terms
thereof;

              3.13.8 Claims. Released, waived or cancelled any claims or rights
relating to or affecting the Company in excess of $10,000 in the aggregate or
instituted or settled any Proceeding involving in excess of $10,000 in the
aggregate;

              3.13.9 Discharged Liabilities. Paid, discharged or satisfied any
claim, obligation or liability in excess of $10,000 in the aggregate, except for
liabilities incurred prior to the date of this Agreement in the ordinary course
of business;

              3.13.10 Indebtedness. Created, incurred, assumed or otherwise
become liable for any Indebtedness in excess of $10,000 in the aggregate;

              3.13.11 Guarantees. Guaranteed or endorsed in a material amount
any obligation or net worth of any Person;

             3.13.12 Acquisitions. Acquired the capital stock or other
securities or any ownership interest in, or substantially all of the assets of,
any other Person;

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              3.13.13 Accounting. Changed its method of accounting or the
accounting principles or practices utilized in the preparation of its financial
statements, other than as required by GAAP;

              3.13.14 Agreements. Except as set forth previously or in the SEC
Documents, entered into any agreement, or otherwise obligated itself, to do any
of the foregoing.

         3.14 Material Contracts. Except to the extent filed with the SEC
Documents, the Seller has made available to the Buyer, prior to the date of this
Agreement, true, correct and complete copies of each written Material Contract,
including each amendment, supplement and modification thereto.

              3.14.1 No Defaults. Each Material Contract is a valid and binding
agreement of the Company, and is in full force and effect. Except as would not
have a Material Adverse Effect, the Company is not in breach or default of any
Material Contract to which it is a party and, to the knowledge of the Seller, no
other party to any Material Contract is in breach or default thereof. Except as
would not have a Material Adverse Effect, no event has occurred or circumstance
exists that (with or without notice or lapse of time) would (a) contravene,
conflict with or result in a violation or breach of, or become a default or
event of default under, any provision of any Material Contract or (b) permit the
Company or any other Person the right to declare a default or exercise any
remedy under, or to accelerate the maturity or performance of, or to cancel,
terminate or modify any Material Contract. The Company has not received notice
of the pending or threatened cancellation, revocation or termination of any
Material Contract to which it is a party. There are no renegotiations of, or
attempts to renegotiate, or outstanding rights to renegotiate any material terms
of any Material Contract.

         3.15 Employees.

              3.15.1 Except as set forth previously, the Company has no
employees, independent contractors or other Persons providing research or other
services to them. Except as would not have a Material Adverse Effect, the
Company is in full compliance with all Laws regarding employment, wages, hours,
benefits, equal opportunity, collective bargaining, the payment of Social
Security and other taxes, occupational safety and health and plant closing. The
Company is not liable for the payment of any compensation, damages, taxes,
fines, penalties or other amounts, however designated, for failure to comply
with any of the foregoing Laws.

              3.15.2 No director, officer or employee of the Company is a party
to, or is otherwise bound by, any contract (including any confidentiality,
noncompetition or proprietary rights agreement) with any other Person that in
any way adversely affects or will materially affect (a) the performance of his
or her duties as a director, officer or employee of the Company or (b) the
ability of the Company to conduct its business. Except as set forth on Schedule
3.15.2, each employee of the Company is employed on an at-will basis and the
Company has no contracts with any of its employees which would interfere with
the Company's ability to discharge its employees.

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         3.16 Tax Returns and Audits.

              3.16.1 Tax Returns. Except as set forth previously, (a) all
material Tax Returns required to be filed by or on behalf of the Company have
been timely filed and all such Tax Returns were (at the time they were filed)
and are true, correct and complete in all material respects; (b) all material
Taxes of the Company required to have been paid (whether or not reflected on any
Tax Return) have been fully and timely paid, except those Taxes which are
presently being contested in good faith or for which an adequate reserve for the
payment of such Taxes has been established on the Balance Sheet; (c) no waivers
of statutes of limitation have been given or requested with respect to the
Company in connection with any Tax Returns covering the Company or with respect
to any Taxes payable by it; (d) no Governmental Authority in a jurisdiction
where the Company does not file Tax Returns has made a claim, assertion or
threat to the Company that the Company is or may be subject to taxation by such
jurisdiction; (e) the Company has duly and timely collected or withheld, paid
over and reported to the appropriate Governmental Authority all amounts required
to be so collected or withheld for all periods under all applicable laws; (f)
there are no Liens with respect to Taxes on the Company's property or assets
other than Permitted Liens; (g) there are no Tax rulings, requests for rulings,
or closing agreements relating to the Company for any period (or portion of a
period) that would affect any period after the date hereof; and (h) any
adjustment of Taxes of the Company made by a Governmental Authority in any
examination that the Company is required to report to the appropriate state,
local or foreign taxing authorities has been reported, and any additional Taxes
due with respect thereto have been paid.

              3.16.2 No Adjustments, Changes. The Company has not, nor has any
other Person on behalf of the Company (a) executed or entered into a closing
agreement pursuant to Section 7121 of the Code or any predecessor provision
thereof or any similar provision of state, local or foreign law; or (b) agreed
to or is required to make any adjustments pursuant to Section 481(a) of the Code
or any similar provision of state, local or foreign law.

              3.16.3 No Disputes. There is no pending audit, examination,
investigation, dispute, proceeding or claim with respect to any Taxes of the
Company, nor is any such claim or dispute pending or contemplated. The Company
has delivered to the Buyer true, correct and complete copies of all Tax Returns,
examination reports and statements of deficiencies assessed or asserted against
or agreed to by the Company since their inception and any and all correspondence
with respect to the foregoing.

              3.16.4 Not a U.S. Real Property Holding Corporation. The Company
is not and has not been a United States real property holding corporation within
the meaning of Section 897(c)(2) of the Code at any time during the applicable
period specified in Section 897(c)(1)(A)(ii) of the Code.

              3.16.5 No Tax Allocation, Sharing. The Company is not a party to
any Tax allocation or sharing agreement. Other than with respect to the Tax
Group of which the Company is the common parent, the Company has not (a) been a
member of a Tax Group filing a consolidated income Tax Return under Section 1501
of the Code (or any similar provision of state, local or foreign law), and has
no (b) liability for Taxes for any Person under Treasury Regulations Section
1.1502-6 (or any similar provision of state, local or foreign law) as a
transferee or successor, by contract or otherwise.

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              3.16.6 No Other Arrangements. The Company is not a party to any
agreement, contract or arrangement for services that would result, individually
or in the aggregate, in the payment of any amount that would not be deductible
by reason of Section 162(m), 280G or 404 of the Code. The Company is not
"consenting corporations" within the meaning of Section 341(f) of the Code. The
Company does not have any "tax-exempt bond financed property" or "tax-exempt use
property" within the meaning of Section 168(g) or (h), respectively of the Code.
The Company has no outstanding closing agreement, ruling request, request for
consent to change a method of accounting, subpoena or request for information to
or from a Governmental Authority in connection with any Tax matter. During the
last two years, the Company has not engaged in any exchange with a related party
(within the meaning of Section 1031(f) of the Code) under which gain realized
was not recognized by reason of Section 1031 of the Code. The Company is not a
party to any reportable transaction within the meaning of Treasury Regulation
Section 1.6011-4.

         3.17 Material Assets. The financial statements of the Company set forth
in the SEC Documents reflect the material properties and assets (real and
personal) owned or leased by the Company.

         3.18 Insurance Coverage. The Seller has made available to the Buyer,
prior to the date of this Agreement, true, correct and complete copies of all
insurance policies maintained by the Company on its properties and assets.
Except as would not have a Material Adverse Effect, all of such policies (a)
taken together, provide adequate insurance coverage for the properties, assets
and operations of the Company for all risks normally insured against by a Person
carrying on the same business as the Company, and (b) are sufficient for
compliance with all applicable Laws and Material Contracts. Except as would not
have a Material Adverse Effect, all of such policies are valid, outstanding and
in full force and effect and, by their express terms, will continue in full
force and effect following the consummation of the transactions contemplated by
this Agreement. Except as set forth on Schedule 3.18, the Company has not
received (a) any refusal of coverage or any notice that a defense will be
afforded with reservation of rights, or (b) any notice of cancellation or any
other indication that any insurance policy is no longer in full force or effect
or will not be renewed or that the issuer of any policy is not willing or able
to perform its obligations thereunder. All premiums due on such insurance
policies on or prior to the date hereof have been paid. There are no pending
claims with respect to the Company or its properties or assets under any such
insurance policies, and there are no claims as to which the insurers have
notified the Company that they intend to deny liability. There is no existing
default under any such insurance policies.

         3.19 Litigation; Orders. Except as set forth previously or in SEC
filings, there is no Proceeding (whether federal, state, local or foreign)
pending or, to the knowledge of the Company, threatened against or affecting the
Company or the Company's properties, assets, business or employees. To the
knowledge of the Seller, there is no fact that might result in or form the basis
for any such Proceeding. The Company is not subject to any Orders.

         3.20 Licenses. Except as would not have a Material Adverse Effect, the
Company possesses from the appropriate Governmental Authority all licenses,
permits, authorizations, approvals, franchises and rights that are necessary for
the Company to engage in its business as currently conducted and to permit the
Company to own and use its properties and assets in the manner in which it
currently owns and uses such properties and assets (collectively, "Permits").

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The Company has not received notice from any Governmental Authority or other
Person that there is lacking any license, permit, authorization, approval,
franchise or right necessary for the Company to engage in its business as
currently conducted and to permit the Company to own and use its properties and
assets in the manner in which it currently owns and uses such properties and
assets. Except as would not have a Material Adverse Effect, the Permits are
valid and in full force and effect. Except as would not have a Material Adverse
Effect, no event has occurred or circumstance exists that may (with or without
notice or lapse of time): (a) constitute or result, directly or indirectly, in a
violation of or a failure to comply with any Permit; or (b) result, directly or
indirectly, in the revocation, withdrawal, suspension, cancellation or
termination of, or any modification to, any Permit. The Company has not received
notice from any Governmental Authority or any other Person regarding: (a) any
actual, alleged, possible or potential contravention of any Permit; or (b) any
actual, proposed, possible or potential revocation, withdrawal, suspension,
cancellation, termination of, or modification to, any Permit. All applications
required to have been filed for the renewal of such Permits have been duly filed
on a timely basis with the appropriate Persons, and all other filings required
to have been made with respect to such Permits have been duly made on a timely
basis with the appropriate Persons. All Permits are renewable by their terms or
in the ordinary course of business without the need to comply with any special
qualification procedures or to pay any amounts other than routine fees or
similar charges, all of which have, to the extent due, been duly paid.

         3.21 Interested Party Transactions. Except as disclosed previously or
as set forth in SEC Filings, no officer, director or stockholder of the Company
or any Affiliate or "associate" (as such term is defined in Rule 405 of the
Commission under the Securities Act) of any such Person, has or has had, either
directly or indirectly, (1) an interest in any Person which (a) furnishes or
sells services or products which are furnished or sold or are proposed to be
furnished or sold by the Company, or (b) purchases from or sells or furnishes
to, or proposes to purchase from, sell to or furnish the Company any goods or
services; or (2) a beneficial interest in any contract or agreement to which the
Company is a party or by which it may be bound or affected.

         3.22 Governmental Inquiries. The Seller has provided to the Buyer a
copy of each material written inspection report, questionnaire, inquiry, demand
or request for information received by the Company from (and the Company's
response thereto), and each material written statement, report or other document
filed by the Company with, any Governmental Authority.

         3.23 Bank Accounts and Safe Deposit Boxes. Seller discloses the title
and number of each bank or other deposit or financial account, and each lock box
and safety deposit box used by the Company, the financial institution at which
that account or box is maintained and the names of the persons authorized to
draw against the account or otherwise have access to the account or box, as the
case may be.

         3.24 Intellectual Property. The Company does not own, use or license
any Intellectual Property in its business as presently conducted.

         3.25 Title to and Condition of Properties. Except as would not have a
Material Adverse Effect, the Company owns (with good and marketable title in the
case of real property) or holds under valid leases or other rights to use all
real property, plants, machinery, equipment and other personal property
necessary for the conduct of its business as presently conducted, free and clear
of all Liens, except Permitted Liens. The material buildings, plants, machinery

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<PAGE>

and equipment necessary for the conduct of the business of the Company as
presently conducted are structurally sound, are in good operating condition and
repair and are adequate for the uses to which they are being put, and none of
such buildings, plants, machinery or equipment is in need of maintenance or
repairs, except for ordinary, routine maintenance and repairs that are not
material in nature or cost.

         3.26 SEC Documents; Financial Statements. The Company has filed all
reports required to be filed by it under the Exchange Act, including pursuant to
Section 13(a) or 15(d) thereof, for the three years preceding the date hereof
(or such shorter period as the Acquiror was required by law to file such
material) (the foregoing materials being collectively referred to herein as the
"SEC Documents") and has filed any such SEC Documents prior to the expiration of
any such extension. As of their respective dates, the SEC Documents complied in
all material respects with the requirements of the Securities Act and the
Exchange Act and the rules and regulations of the Commission promulgated
thereunder, and none of the SEC Documents, when filed, 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 statement therein, in light of
the circumstances under which they were made, not misleading. All material
agreements to which the Company is a party or to which the property or assets of
the Company are subject have been appropriately filed as exhibits to the SEC
Documents as and to the extent required under the Exchange Act. The financial
statements of the Company included in the SEC Documents comply in all material
respects with applicable accounting requirement and the rules and regulations of
the Commission with respect thereto as in effect at the time of filing, were
prepared in accordance with GAAP applied on a consistent basis during the
periods involved (except as may be indicated in the notes thereto, or, in the
case of unaudited statements as permitted by Form 10-Q of the Commission), and
fairly present in all material respects (subject in the case of unaudited
statements, to normal, recurring audit adjustments) the financial position of
the Acquiror as at the dates thereof and the results of its operations and cash
flows for the periods then ended. The Common Stock is quoted on the OTC Bulletin
Board, and the Seller is not aware of any facts which would make the Common
Stock ineligible for quotation on the OTC Bulletin Board.

                                   SECTION IV
                   REPRESENTATIONS AND WARRANTIES OF THE BUYER

         4.1 Generally. The Buyer hereby represents and warrants to the Seller:

             4.1.1 Status. By its execution of this Agreement, the Buyer
represents and warrants to the Seller as indicated on its signature page to this
Agreement, either that:

                   (a) it is an Accredited Investor; or

                   (b) it is not a U.S. person.

The Buyer understands that the Shares are being offered and sold to the Buyer in
reliance upon the truth and accuracy of the representations, warranties,
agreements, acknowledgments and understandings of the Buyer set forth in this
Agreement, in order that the Seller may determine the applicability and
availability of the exemptions from registration of the Shares on which the
Seller is relying.

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             4.1.2 Additional Representations and Warranties of Accredited
Investors. If an Accredited Investor, the Buyer further makes the
representations and warranties to the Seller set forth on Exhibit "B."

             4.1.3 Additional Representations and Warranties of Non-U.S.
Persons. If not a U.S. person, the Buyer further makes the representations and
warranties to the Seller set forth on Exhibit "C."

             4.1.4 Stock Legends. The Buyer hereby agrees with the Seller as
follows:

                   (a) Securities Act Legend - Accredited Investors. If an
         Accredited Investor, the certificates evidencing the Shares issued to
         the Buyer, and each certificate issued in transfer thereof, will bear
         the following legend:

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE
         SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN
         MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED EXCEPT
         (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
         SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR (2) PURSUANT TO
         AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
         SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, IN WHICH CASE THE
         HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE COMPANY AN OPINION
         OF COUNSEL, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO
         THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED,
         ASSIGNED OR OTHERWISE TRANSFERRED IN THE MANNER CONTEMPLATED PURSUANT
         TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
         SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.

                   (b) Securities Act Legend - Non-U.S. Persons. If not a U.S.
         person, the certificates evidencing the Shares issued to the Buyer, and
         each certificate issued in transfer thereof, will bear the following
         legend:

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE
         SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN
         MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED EXCEPT
         (1) IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S PROMULGATED UNDER
         THE SECURITIES ACT, AND BASED ON AN OPINION OF COUNSEL, WHICH COUNSEL
         AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT THE
         PROVISIONS OF REGULATION S HAVE BEEN SATISFIED, (2) PURSUANT TO AN
         EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND
         APPLICABLE STATE SECURITIES LAWS OR (3) PURSUANT TO AN AVAILABLE

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         EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND
         APPLICABLE STATE SECURITIES LAWS, IN WHICH CASE THE HOLDER MUST, PRIOR
         TO SUCH TRANSFER, FURNISH TO THE COMPANY AN OPINION OF COUNSEL, WHICH
         COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT
         SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE
         TRANSFERRED IN THE MANNER CONTEMPLATED PURSUANT TO AN AVAILABLE
         EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND
         APPLICABLE STATE SECURITIES LAWS. HEDGING TRANSACTIONS INVOLVING THE
         SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE CONDUCTED UNLESS
         IN COMPLIANCE WITH THE SECURITIES ACT.

                   (c) Other Legends. The certificates representing the Shares,
         and each certificate issued in transfer thereof, will also bear any
         other legend required under any applicable Law, including, without
         limitation, any U.S. state corporate and state securities law, or
         contract.

                   (d) Opinion. The Buyer will not transfer any or all of the
         Shares pursuant to Regulation S or absent an effective registration
         statement under the Securities Act and applicable state securities law
         covering the disposition of the Shares, without first providing the
         Company with an opinion of counsel (which counsel and opinion are
         reasonably satisfactory to the Company) to the effect that such
         transfer will be made in compliance with Regulation S or will be exempt
         from the registration and the prospectus delivery requirements of the
         Securities Act and the registration or qualification requirements of
         any applicable U.S. state securities laws.

                   (e) Consent. The Buyer understands and acknowledges that the
         Company may refuse to transfer the Shares, unless the Buyer complies
         with this Section 3.1.3 and any other restrictions on transferability
         set forth in Exhibits "B" and "C." The Buyer consents to the Company
         making a notation on its records or giving instructions to any transfer
         agent of the Common Stock in order to implement the restrictions on
         transfer of the Shares.

                                   SECTION V
                            INDEMNIFICATION; REMEDIES

         5.1 Survival. All representations, warranties, covenants, and
obligations in this Agreement shall survive the Closing and expire on the sixth
anniversary of the Closing. The right to indemnification, payment of Damages or
other remedy based on such representations, warranties, covenants, and
obligations will not be affected by any investigation conducted with respect to
the accuracy or inaccuracy of or compliance with, any such representation,
warranty, covenant, or obligation. The waiver of any condition based on the
accuracy of any representation or warranty, or on the performance of or
compliance with any covenant or obligation, will not affect the right to
indemnification, payment of Damages, or other remedy based on such
representations, warranties, covenants, and obligations.

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         5.2 Indemnification by the Seller. With respect to those
representations and warranties made by Seller in Sections 3.1, 3.3, 3.7, 3.8 and
3.26 of this Agreement, for a period of eight (8) weeks from and after the
Closing, the Seller shall indemnify and hold harmless the Buyer (the
"Indemnified Party"), from and against any damages arising, directly or
indirectly, from or in connection with ("Damages") any breach of any such
representation and warranty made by Seller in the above referenced sections of
this Agreement.

         5.3 Limitations on Amount - the Seller. The Indemnified Party shall not
be entitled to aggregate indemnification pursuant to Section 5.2 in excess of
the amount of the Purchase Price.

         5.4 Breach by the Seller. Nothing in this Section 5 shall limit the
Buyer's right to pursue any appropriate legal or equitable remedy against the
Seller with respect to any Damages arising, directly or indirectly, from or in
connection with any breach by the Seller of any representation or warranty made
by the Seller in this Agreement or in any certificate delivered by the Seller
pursuant to this Agreement.

                                   SECTION VI
                               GENERAL PROVISIONS

         6.1 Expenses. Except as otherwise expressly provided in this Agreement,
each party to this Agreement will bear its respective expenses incurred in
connection with the preparation, execution, and performance of this Agreement
and the transactions contemplated by this Agreement, including all fees and
expenses of agents, representatives, counsel, and accountants. In the event of
termination of this Agreement, the obligation of each party to pay its own
expenses will be subject to any rights of such party arising from a breach of
this Agreement by another party.

         6.2 Confidentiality.

             6.2.1 Subsequent to the date of this Agreement, the Buyer and the
Seller will maintain in confidence, any written, oral, or other information
obtained in confidence from another party in connection with this Agreement or
the transactions contemplated by this Agreement, unless (a) such information is
already known to such party or to others not bound by a duty of confidentiality
or such information becomes publicly available through no fault of such party,
(b) the use of such information is necessary or appropriate in making any
required filing with the Commission, or obtaining any consent or approval
required for the consummation of the transactions contemplated by this
Agreement, or (c) the furnishing or use of such information is required by or
necessary or appropriate in connection with legal proceedings.

             6.2.2 In the event that any party is required to disclose any
information of another party pursuant to clause (b) or (c) of Section 6.2.1, the
party requested or required to make the disclosure (the "Disclosing Party")
shall provide the party that provided such information (the "Providing Party")
with prompt notice of any such requirement so that the providing party may seek
a protective order or other appropriate remedy and/or waive compliance with the

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provisions of this Section 6.2.2. If, in the absence of a protective order or
other remedy or the receipt of a waiver by the Providing Party, the Disclosing
Party is nonetheless, in the opinion of counsel, legally compelled to disclose
the information of the Providing Party, the Disclosing Party may, without
liability hereunder, disclose only that portion of the Providing Party's
information which such counsel advises is legally required to be disclosed,
provided that the Disclosing Party exercises its reasonable efforts to preserve
the confidentiality of the Providing Party's information, including, without
limitation, by cooperating with the Providing Party to obtain an appropriate
protective order or other relief assurance that confidential treatment will be
accorded the Providing Party's information.

             6.2.3 If the transactions contemplated by this Agreement are not
consummated, each party will return or destroy as much of such written
information as the other party may reasonably request.

         6.3 Notices. All notices, consents, waivers, and other communications
under this Agreement must be in writing and will be deemed to have been duly
given when (a) delivered by hand (with written confirmation of receipt), (b)
sent by telecopier (with written confirmation of receipt), or (c) when received
by the addressee, if sent by a nationally recognized overnight delivery service
(receipt requested), in each case to the appropriate addresses and telecopier
numbers set forth below (or to such other addresses and telecopier numbers as a
party may designate by notice to the other parties):

<TABLE>
<CAPTION>
<S>                                                          <C>
If to the Seller:                                            with a copy to:
SHAREHOLDERS                                                 MIAD SYSTEMS, LTD

______________________________________                       43 Riviera Drive, Unit 6
                                                             Markham, Ontario, Canada
______________________________________

Telephone No.: _________________________                     Attention: Michael Green
                                                             Telephone No.: 905.479.0214
Facsimile No.:  _________________________                    Facsimile No.: _________________________

If to the Buyer:                                             with a copy to:
SUPERIOR TIME ASSOCIATES UNLIMITED
                                                             ______________________________________
______________________________________
                                                             ______________________________________
______________________________________
                                                             ______________________________________

                                                             ______________________________________
</TABLE>

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<TABLE>
<CAPTION>
<S>                                                          <C>
Telephone No.: _________________________                     Attention: Nickson Kwok

Facsimile No.:  _________________________                    Telephone No.: _________________________
                                                             Facsimile No.: _________________________
</TABLE>

         6.4 Further Assurances. The parties agree (a) to furnish upon request
to each other such further information, (b) to execute and deliver to each other
such other documents, and (c) to do such other acts and things, all as the other
party may reasonably request for the purpose of carrying out the intent of this
Agreement and the documents referred to in this Agreement.

         6.5 Waiver. The rights and remedies of the parties to this Agreement
are cumulative and not alternative. Neither the failure nor any delay by any
party in exercising any right, power, or privilege under this Agreement or the
documents referred to in this Agreement will operate as a waiver of such right,
power, or privilege, and no single or partial exercise of any such right, power,
or privilege will preclude any other or further exercise of such right, power,
or privilege or the exercise of any other right, power, or privilege. To the
maximum extent permitted by applicable law, (a) no claim or right arising out of
this Agreement or the documents referred to in this Agreement can be discharged
by one party, in whole or in part, by a waiver or renunciation of the claim or
right unless in writing signed by the other party; (b) no waiver that may be
given by a party will be applicable except in the specific instance for which it
is given; and (c) no notice to or demand on one party will be deemed to be a
waiver of any obligation of such party or of the right of the party giving such
notice or demand to take further action without notice or demand as provided in
this Agreement or the documents referred to in this Agreement.

         6.6 Entire Agreement and Modification. This Agreement supersedes all
prior agreements between the parties with respect to its subject matter and
constitutes (along with the documents referred to in this Agreement) a complete
and exclusive statement of the terms of the agreement between the parties with
respect to its subject matter. This Agreement may not be amended except by a
written agreement executed by the party against whom the enforcement of such
amendment is sought.

         6.7 Assignments, Successors, and No Third-Party Rights. No party may
assign any of its rights under this Agreement without the prior consent of the
other parties. Subject to the preceding sentence, this Agreement will apply to,
be binding in all respects upon, and inure to the benefit of and be enforceable
by the respective successors and permitted assigns of the parties. Nothing
expressed or referred to in this Agreement will be construed to give any Person
other than the parties to this Agreement any legal or equitable right, remedy,
or claim under or with respect to this Agreement or any provision of this
Agreement. This Agreement and all of its provisions and conditions are for the
sole and exclusive benefit of the parties to this Agreement and their successors
and assigns.

         6.8 Severability. If any provision of this Agreement is held invalid or
unenforceable by any court of competent jurisdiction, the other provisions of
this Agreement will remain in full force and effect. Any provision of this
Agreement held invalid or unenforceable only in part or degree will remain in
full force and effect to the extent not held invalid or unenforceable.

         6.9 Section Headings, Construction. The headings of Sections in this
Agreement are provided for convenience only and will not affect its construction

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<PAGE>

or interpretation. All references to "Section" or "Sections" refer to the
corresponding Section or Sections of this Agreement. All words used in this
Agreement will be construed to be of such gender or number as the circumstances
require. Unless otherwise expressly provided, the word "including" does not
limit the preceding words or terms.

         6.10 Governing Law. All questions concerning the construction,
validity, enforcement and interpretation of this Agreement shall be governed by
and construed and enforced in accordance with the internal laws of the State of
Texas, without regard to the principles of conflicts of law thereof. Each party
agrees that all legal proceedings concerning the interpretations, enforcement
and defense of the transactions contemplated by this Agreement (whether brought
against a party hereto or its respective affiliates, directors, officers,
shareholders, employees or agents) shall be commenced exclusively in courts
sitting in the Illinois. Each party hereto hereby irrevocably submits to the
exclusive jurisdiction of the courts sitting in Bexar County, Texas for the
adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that
such suit, action or proceeding is improper. Nothing contained herein shall be
deemed to limit in any way any right to serve process in any manner permitted by
law. If either party shall commence an action or proceeding to enforce any
provisions of this Agreement, then the prevailing party in such action or
proceeding shall be reimbursed by the other party for its attorneys fees and
other costs and expenses incurred with the investigation, preparation and
prosecution of such action or proceeding.

         6.11 Counterparts and Facsimile Signatures. This Agreement may be
executed in one or more counterparts, each of which will be deemed to be an
original copy of this Agreement and all of which, when taken together, will be
deemed to constitute one and the same agreement. Facsimile signatures are
acceptable and deemed original signatures.

               ***** BOTTOM OF PAGE INTENTIONALLY LEFT BLANK *****

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

                                MIAD SYSTEMS, LTD

                                           By: Michael A. S. Greene
                                               ------------------------------
                                               Michael A. S. Greene
                                               President

                                               ______________________________

                                           Its: ______________________________

                                           SELLER:

                                           By: Michael A. S. Greene
                                               ------------------------------
                                               Michael A. S. Greene
                                               President

                                                  Michael A. S. Greene
                                               ------------------------------
                                                     Printed Name

                                           By: ______________________________

                                               ______________________________

                                                   Printed Name

                                           By: ______________________________

                                               ______________________________

                                                   Printed Name

                                           SUPERIOR TIME ASSOCIATES UNLIMITED

                                           By: Anna Chan
                                               ---------------------------------
                                                Anna Chan

                                               ______________________________

                                           Its: ______________________________

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<PAGE>

                                   EXHIBIT "A"

                       DEFINITION OF "ACCREDITED INVESTOR"

The term "accredited investor" means:

(1)      A bank as defined in Section 3(a)(2) of the Securities Act, or a
         savings and loan association or other institution as defined in Section
         3(a)(5)(A) of the Securities Act, whether acting in its individual or
         fiduciary capacity; a broker or dealer registered pursuant to Section
         15 of the Securities Exchange Act of 1934; an insurance company as
         defined in Section 2(13) of the Securities Act; an investment company
         registered under the Investment Company Act of 1940 (the "Investment
         Company Act") or a business development company as defined in Section
         2(a)(48) of the Investment Company Act; a Small Business Investment
         Company licensed by the U.S. Small Business Administration under
         Section 301(c) or (d) of the Small Business Investment Act of 1958; a
         plan established and maintained by a state, its political subdivisions
         or any agency or instrumentality of a state or its political
         subdivisions for the benefit of its employees, if such plan has total
         assets in excess of $5,000,000; an employee benefit plan within the
         meaning of the Employee Retirement Income Security Act of 1974
         ("ERISA"), if the investment decision is made by a plan fiduciary, as
         defined in Section 3(21) of ERISA, which is either a bank, savings and
         loan association, insurance company, or registered investment advisor,
         or if the employee benefit plan has total assets in excess of
         $5,000,000 or, if a self-directed plan, with investment decisions made
         solely by persons that are accredited investors.

(2)      A private business development company as defined in Section 202(a)(22)
         of the Investment Advisers Act of 1940.

(3)      An organization described in Section 501(c)(3) of the Internal Revenue
         Code, corporation, Massachusetts or similar business trust, or
         partnership, not formed for the specific purpose of acquiring the
         securities offered, with total assets in excess of $5,000,000.

(4)      A director or executive officer of the Acquiror.

(5)      A natural person whose individual net worth, or joint net worth with
         that person's spouse, at the time of his or her purchase exceeds
         $1,000,000.

(6)      A natural person who had an individual income in excess of $200,000 in
         each of the two most recent years or joint income with that person's
         spouse in excess of $300,000 in each of those years and has a
         reasonable expectation of reaching the same income level in the current
         year.

(7)      A trust, with total assets in excess of $5,000,000, not formed for the
         specific purpose of acquiring the securities offered, whose purchase is
         directed by a sophisticated person as described in Rule 506(b)(2)(ii)
         (i.e., a person who has such knowledge and experience in financial and
         business matters that he is capable of evaluating the merits and risks
         of the prospective investment).

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<PAGE>

(8)      An entity in which all of the equity owners are accredited investors.
         (If this alternative is checked, the Shareholder must identify each
         equity owner and provide statements signed by each demonstrating how
         each is qualified as an accredited investor.)

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<PAGE>

                                   EXHIBIT "B"

                       ACCREDITED INVESTOR REPRESENTATIONS

Each Shareholder indicating that it is an Accredited Investor, severally and not
jointly, further represents and warrants to the Acquiror as follows:

1.       Such Shareholder qualifies as an Accredited Investor on the basis set
         forth on its signature page to this Agreement.

2.       Such Shareholder has sufficient knowledge and experience in finance,
         securities, investments and other business matters to be able to
         protect such Shareholder's interests in connection with the
         transactions contemplated by this Agreement.

3.       Such Shareholder has consulted, to the extent that it has deemed
         necessary, with its tax, legal, accounting and financial advisors
         concerning its investment in the Acquiror Shares.

4.       Such Shareholder understands the various risks of an investment in the
         Acquiror Shares and can afford to bear such risks for an indefinite
         period of time, including, without limitation, the risk of losing its
         entire investment in the Acquiror Shares.

5.       Such Shareholder has had access to the Acquiror's publicly filed
         reports with the SEC.

6.       Such Shareholder has been furnished during the course of the
         transactions contemplated by this Agreement with all other public
         information regarding the Acquiror that such Shareholder has requested
         and all such public information is sufficient for such Shareholder to
         evaluate the risks of investing in the Acquiror Shares.

7.       Such Shareholder has been afforded the opportunity to ask questions of
         and receive answers concerning the Acquiror and the terms and
         conditions of the issuance of the Acquiror Shares.

8.       Such Shareholder is not relying on any representations and warranties
         concerning the Acquiror made by the Acquiror or any officer, employee
         or agent of the Acquiror, other than those contained in this Agreement.

9.       Such Shareholder is acquiring the Acquiror Shares for such
         Shareholder's own account, for investment and not for distribution or
         resale to others.

10.      Such Shareholder will not sell or otherwise transfer the Acquiror
         Shares, unless either (A) the transfer of such securities is registered
         under the Securities Act or (B) an exemption from registration of such
         securities is available.

11.      Such Shareholder understands and acknowledges that the Acquiror is
         under no obligation to register the Acquiror Shares for sale under the
         Securities Act.

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<PAGE>

12.      Such Shareholder consents to the placement of a legend on any
         certificate or other document evidencing the Acquiror Shares
         substantially in the form set forth in Section 4.2.5(a).

13.      Such Shareholder represents that the address furnished by such
         Shareholder on its signature page to this Agreement and in Exhibit "A"
         is such Shareholder's principal residence if he is an individual or its
         principal business address if it is a corporation or other entity.

14.      Such Shareholder understands and acknowledges that the Acquiror Shares
         have not been recommended by any federal or state securities commission
         or regulatory authority, that the foregoing authorities have not
         confirmed the accuracy or determined the adequacy of any information
         concerning the Acquiror that has been supplied to such Shareholder and
         that any representation to the contrary is a criminal offense.

15.      Such Shareholder acknowledges that the representations, warranties and
         agreements made by such Shareholder herein shall survive the execution
         and delivery of this Agreement and the purchase of the Acquiror Shares.

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<PAGE>

                                   EXHIBIT "C"

                         NON-U.S. PERSON REPRESENTATIONS

Each Shareholder indicating that it is not a U.S. person, severally and not
jointly, further represents and warrants to the Acquiror as follows:

1.       At the time of (a) the offer by the Acquiror and (b) the acceptance of
         the offer by such Shareholder, of the Acquiror Shares, such Shareholder
         was outside the United States.

2.       No offer to acquire the Acquiror Shares or otherwise to participate in
         the transactions contemplated by this Agreement was made to such
         Shareholder or its representatives inside the United States.

3.       Such Shareholder is not purchasing the Acquiror Shares for the account
         or benefit of any U.S. person, or with a view towards distribution to
         any U.S. person, in violation of the registration requirements of the
         Securities Act.

4.       Such Shareholder will make all subsequent offers and sales of the
         Acquiror Shares either (x) outside of the United States in compliance
         with Regulation S; (y) pursuant to a registration under the Securities
         Act; or (z) pursuant to an available exemption from registration under
         the Securities Act. Specifically, such Shareholder will not resell the
         Acquiror Shares to any U.S. person or within the United States prior to
         the expiration of a period commencing on the Closing Date and ending on
         the date that is one year thereafter (the "Distribution Compliance
         Period"), except pursuant to registration under the Securities Act or
         an exemption from registration under the Securities Act.

5.       Such Shareholder is acquiring the Acquiror Shares for such
         Shareholder's own account, for investment and not for distribution or
         resale to others.

6.       Such Shareholder has no present plan or intention to sell the Acquiror
         Shares in the United States or to a U.S. person at any predetermined
         time, has made no predetermined arrangements to sell the Acquiror
         Shares and is not acting as a Distributor of such securities.

7.       Neither such Shareholder, its Affiliates nor any Person acting on such
         Shareholder's behalf, has entered into, has the intention of entering
         into, or will enter into any put option, short position or other
         similar instrument or position in the U.S. with respect to the Acquiror
         Shares at any time after the Closing Date through the Distribution
         Compliance Period except in compliance with the Securities Act.

8.       Such Shareholder consents to the placement of a legend on any
         certificate or other document evidencing the Acquiror Shares
         substantially in the form set forth in Section 4.2.5(b).

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CONFIDENTIAL                      Page 25 of 26
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<PAGE>

9.       Such Shareholder is not acquiring the Acquiror Shares in a transaction
         (or an element of a series of transactions) that is part of any plan or
         scheme to evade the registration provisions of the Securities Act.

10.      Such Shareholder has sufficient knowledge and experience in finance,
         securities, investments and other business matters to be able to
         protect such Shareholder's interests in connection with the
         transactions contemplated by this Agreement.

11.      Such Shareholder has consulted, to the extent that it has deemed
         necessary, with its tax, legal, accounting and financial advisors
         concerning its investment in the Acquiror Shares.

12.      Such Shareholder understands the various risks of an investment in the
         Acquiror Shares and can afford to bear such risks for an indefinite
         period of time, including, without limitation, the risk of losing its
         entire investment in the Acquiror Shares.

13.      Such Shareholder has had access to the Acquiror's publicly filed
         reports with the SEC.

14.      Such Shareholder has been furnished during the course of the
         transactions contemplated by this Agreement with all other public
         information regarding the Acquiror that such Shareholder has requested
         and all such public information is sufficient for such Shareholder to
         evaluate the risks of investing in the Acquiror Shares.

15.      Such Shareholder has been afforded the opportunity to ask questions of
         and receive answers concerning the Acquiror and the terms and
         conditions of the issuance of the Acquiror Shares.

16.      Such Shareholder is not relying on any representations and warranties
         concerning the Acquiror made by the Acquiror or any officer, employee
         or agent of the Acquiror, other than those contained in this Agreement.

17.      Such Shareholder will not sell or otherwise transfer the Acquiror
         Shares, unless either (A) the transfer of such securities is registered
         under the Securities Act or (B) an exemption from registration of such
         securities is available.

18.      Such Shareholder understands and acknowledges that the Acquiror is
         under no obligation to register the Acquiror Shares for sale under the
         Securities Act.

19.      Such Shareholder represents that the address furnished by such
         Shareholder on its signature page to this Agreement and in Exhibit "A"
         is such Shareholder's principal residence if he is an individual or its
         principal business address if it is a corporation or other entity.

20.      Such Shareholder understands and acknowledges that the Acquiror Shares
         have not been recommended by any federal or state securities commission
         or regulatory authority, that the foregoing authorities have not
         confirmed the accuracy or determined the adequacy of any information
         concerning the Acquiror that has been supplied to such Shareholder and
         that any representation to the contrary is a criminal offense.

21.      Such Shareholder acknowledges that the representations, warranties and
         agreements made by such Shareholder herein shall survive the execution
         and delivery of this Agreement and the purchase of the Acquiror Shares.

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CONFIDENTIAL                      Page 26 of 26
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<PAGE>

                                    EXHIBIT D

                  MICHAEL GREEN                               1,960,000<PAGE>

                             [CAPCO FINANCIAL Logo]

                                                                    Exhibit 10.1

                                CONTRACT OF SALE
                               SECURITY AGREEMENT
                                  (LOC Form 5)

       This Contract of Sale and Security Agreement dated for purposes of
       reference July 20, 2006; is between the undersigned, EASYLINK SERVICES
       CORPORATION, A Delaware Corporation ("EasyLink"), and EasyLink Services
       USA, Inc., a Delaware Corporation ("EasyLink USA"), EasyLink and EasyLink
       USA hereinafter collectively called "CLIENT", and CAPCO Financial Company
       - a division of Greater Bay Bank N.A. hereinafter called "CAPCO ", agree
       as follows:
       PURPOSE OF AGREEMENT:
       1. CLIENT desires to obtain short-term financing by selling, to CAPCO ALL
          Accounts. CAPCO agrees to Purchase CLIENT's Accounts from time to time
          at a discount below face value, utilizing an advance formula for the
          purchase of ALL Accounts based upon advances against
          Acceptable/Eligible Accounts. It is clearly understood by both parties
          that ALL Accounts of CLIENT are to be sold to CAPCO.
       DEFINITIONS:
       2. "Account" means any right of payment for goods sold, or leased, and
          delivered, or services rendered, any specific transaction, or any
          right of payment.
       3. "Advance Formula" means the maximum amount available to CLIENT from
          CAPCO for the purchase of All Accounts will not exceed 85% of
          Acceptable/Eligible Accounts. Effective 60-days after the initial
          funding date, the Advance Formula will be reduced by 2%. Effective
          90-days after the initial funding date, the Advance Formula will be
          reduced by 2%. Effective 120-days after the initial funding date, the
          Advance Formula will be reduced by 1%. The Advance Formula will remain
          at 80% through the balance of the initial term of the Agreement.
       4. "Acceptable/Eligible Account" means an Account conforming to the
          Warranties and terms set forth herein that has not been outstanding
          for more than 90 DAYS from the date of invoice, has been underwritten
          and approved by CAPCO, and has not been reduced from the original
          amount billed by, credit memo, offset, adjustment of any kind, or
          partial payment subsequent to invoice date.
       5. "Customer" means CLIENT's Customer or the Account debtor.
       6. "CLIENT" means the seller of All Accounts.
       7. "Collateral" means the intangible or tangible property given as
          security to CAPCO by CLIENT for any obligations and liabilities of
          CLIENT to CAPCO under the Agreement.
       8. "Warrant" means to guarantee, as a material element of this Agreement.
       9. "Credit Problem" means Customer is unable to pay his debts because of
          problems or insolvency.
       10. "Customer Dispute" means any claim by Customer against CLIENT, of any
           kind whatsoever, valid or invalid, that reduces the amount
           collectible from Customer by CAPCO.
       CLIENT COVENANTS:
       -----------------
       11. CLIENT agrees to sell to CAPCO ALL ACCOUNTS, mechanic's lien(s), and
           rights to payment under any stop notice(s), or bonded stop notice(s)
           securing payment of those Accounts created by CLIENT in the course of
           its business, existing as of the date of this agreement or thereafter
           created during the term of this agreement, subject to approval and
           verification by CAPCO. CAPCO is not obligated to advance funds for
           the purchase of All Accounts from CLIENT. Upon request by CAPCO,
           CLIENT shall provide a copy of the original Assigned Account
           (Invoice) a copy of the bill of lading contract, purchase order,
           purchase order number, and/or any other requisite supporting
           documentation corresponding to said Accounts and appropriate to the
           business of CLIENT.
       12. CLIENT shall prepare and give to CAPCO proper written assignments of
           Accounts, mechanic's lien(s) on forms provided by CAPCO. The
           execution of said assignments shall transfer to CAPCO all of CLIENT's
           right, title and ownership to ALL Accounts. CLIENT or CAPCO by this
           agreement will properly mark Accounts, as assigned and sold to CAPCO,
           and CAPCO is authorized to notify Customer of said sale and
           assignment.

                                     Page 1                        Initial _____
<PAGE>

       13. CLIENT represents and Warrants to CAPCO that:
           a. CLIENT is sole and absolute owner of any and all Accounts and
           mechanic's liens and rights to payment under any stop notices, or
           bonded stop notices, sold and assigned hereunder, and CLIENT has full
           legal right to make said sale, assignment, and/or transfer.
           b. All Accounts sold to CAPCO are an accurate statement of a bonafide
           sale, delivery and acceptance of merchandise, or performance of
           service by CLIENT to / for Account-debtor. Accounts are not
           contingent upon the fulfillment by CLIENT and each Account-debtor's
           business is believed to be solvent. The terms for payment of said
           Accounts are Net 30 days or as expressly set forth on the face of
           said sold and assigned Accounts, and the payment of said Accounts are
           not contingent upon the fulfillment by CLIENT of any further
           performance of any nature whatsoever. On a by-weekly basis CLIENT
           shall notify CAPCO of all returns, allowances or credits to any sold
           and Assigned Account of any Account-debtor.
           c. Other than previously disclosed in writing to CAPCO, there are no
           known setoffs, Customer Disputes, adverse claims, defenses, and/or
           liens whatsoever against the payment of Accounts, and Account's
           mechanic's liens have not been previously assigned or encumbered by
           CLIENT in any manner whatsoever. CLIENT will, immediately upon sale
           of Accounts to CAPCO, make proper entries on its books and records
           disclosing the absolute sale of Accounts to CAPCO and CLIENT will
           post no payment unless it is reflected in a payment report from CAPCO
           except, in each case, as otherwise required by generally accepted
           accounting principles.
           d. CLIENT will promptly notify CAPCO in writing of any proposed
           change in CLIENT's place of business, name, legal entity, corporate
           structure, record-keeping location, and/or as to any additional place
           of business, or expiration of any special license(s), or transfer of
           assets, or technology, to a third party, or proposed change in
           ownership in excess of twenty five percent, (25%), of outstanding
           shares;
           e. Other than previously disclosed in writing to CAPCO, CLIENT does
           not own, control, manage, participate in management, or have any
           involvement and/or association whatsoever with the business of any
           Account-debtor related to any Accounts sold and assigned hereunder;
           f. There are no financing statements now on file in any public office
           governing, any Account, Inventory or work in process of CLIENT in
           which CLIENT is named in or has signed as the debtor, except the
           financing statement or statements filed or to be filed in respect to
           this Agreement, or those statements now on file that have been
           disclosed in writing by CLIENT to CAPCO. CLIENT will not execute any
           financing statements pledging Accounts receivables, inventory or work
           in process, in favor of any other person or entity, excepting CAPCO,
           for the term of this Agreement;
           g. CLIENT's taxes are not delinquent nor has CLIENT been subject to a
           tax levy by any governmental entity nor are there now on file in any
           public office tax liens affecting CLIENT other than those
           delinquencies, levies and/or liens which have been disclosed by
           CLIENT to CAPCO;
           h. All records, statements, books, or other documents shown to CAPCO
           by CLIENT at any time, either before, or after the signing of the
           Agreement are true and accurate in all material respects;
           i. CLIENT has served or caused to be served any and all preliminary
           10-day notices required by law to perfect or enforce any mechanic's
           lien for All Accounts to insure perfection of ownership for CAPCO and
           the information contained on those preliminary 10-day notices is
           true, correct, and properly recorded, to Seller's knowledge and
           belief;
           j. Waivers and releases for all labor, services, equipment, or
           material of CLIENT and others will be submitted on CAPCO 's form
           concurrent with Accounts;
           k. CLIENT will ensure that all Accounts, documents, statements, or
           other writings submitted by CLIENT to CAPCO will not prove to be
           false or inaccurate in any material respect;
           l. CLIENT will not contribute to or aggravate any Account debtor's
           problem, insolvency, and/or said Account debtor's ability and/or
           willingness to pay any Accounts in any material respect;
           m. CLIENT will not transfer assets to any affiliates, including any
           subsidiaries, outside the ordinary course of Client's business
           without the prior written consent of Capco, and will not in any case
           transfer assets after the occurrence of an Event of Default.
       14. CLIENT and CAPCO agree that CAPCO will have FULL RECOURSE against
           CLIENT and CLIENT shall be liable to repay to CAPCO any amount paid
           by CAPCO to CLIENT in consideration for the sale, transfer, and
           assignment of Accounts.
       15. All Accounts shall be the sole property of CAPCO, but if for any
           reason a payment owing on said Accounts shall be paid to CLIENT;
           CLIENT shall promptly notify CAPCO of such payment, shall hold any
           check, draft or money so received in trust and for the benefit of
           CAPCO, and shall pay over such check or draft in-kind, or money, to
           CAPCO promptly and without delay. All of CLIENT'S invoices shall bear
           the address of A LOCK BOX ACCEPTABLE TO CAPCO; as the "REMIT TO"
           address, and CLIENT agrees that ALL remittances for payment on ALL
           Accounts shall be made to the LOCK BOX or other repository authorized
           in writing by CAPCO.

                                     Page 2                        Initial _____
<PAGE>

       16. CLIENT will furnish CAPCO periodic statements, accounts receivable
       agings, journals, bank records, and other information as requested by
       CAPCO from time to time.
       17. CLIENT will not pledge the credit of CAPCO to any other person, or
       business for any purpose whatsoever.
       18. CLIENT is properly licensed and authorized to operate its business'
       under the CLIENT"s corporate names.
       19. CLIENT's business is solvent.
       20. CLIENT will not sell Accounts, or pledge Accounts to any party,
       except to CAPCO for the period of this Agreement unless specific Accounts
       are subordinated and released by CAPCO in writing.
       21. CLIENT will not transfer, pledge, or give a security interest in the
       Accounts sold or Collateral granted to CAPCO to any other party.
       22. CLIENT will not change, or modify the terms of the original sold and
       assigned Account with Customer without timely notice to CAPCO. CAPCO
       agrees to provide a prompt response to CLIENT request for modification or
       change with respect to an Assigned Account. For example, CLIENT may not
       extend credit terms to a Customer beyond net 30 days or the time set
       forth on the face of the sold and assigned account or the contract with
       the account-debtor, as applicable, without prior written consent from
       CAPCO.
       23. NOTICE OF DISPUTE: CLIENT must provide timely notice to CAPCO of all
           Customer Disputes.
       24. POWER OF ATTORNEY: In order to carry out this Agreement and avoid
           unnecessary notification of Customers, CLIENT irrevocably appoints
           CAPCO, or any person designated by CAPCO, as its special attorney in
           fact, or agent, with power to:
           a. strike out CLIENT's address on all Accounts mailed to Customers
           and put on CAPCO 's address.
           b. receive, direct and forward, open, and dispose of all mail
           addressed to CLIENT, or to CLIENT's fictitious trade name via CAPCO's
           address.
           c. endorse the name of CLIENT, or CLIENT'S fictitious trade name on
           any checks or other evidences of payment that may come into the
           possession of CAPCO on Accounts purchased by CAPCO and on any other
           documents relating to any of the Accounts or to assigned Collateral.
           d. in CLIENT'S name, or otherwise, demand, sue for, collect, and give
           release for any and all monies due, or to become due on Accounts sold
           and assigned hereunder.
           e. do any and all things necessary and proper to carry out the
           purpose intended by this Agreement.
           f. execute any documents necessary to perfect or to continue any
           Security Interest and without further authorization from CLIENT file
           a carbon, photograph, facsimile, or other reproduction of any
           financing statement for use as a financing statement.
           The authority granted CAPCO shall remain in full force and effect
           until all Accounts are paid in full and any indebtedness of CLIENT to
           CAPCO is discharged.
       CAPCO COVENANTS:
       25. CAPCO reserves the sum of ($6,000,000.00) SIX MILLION AND 00/100 for
           the purchase of ALL of CLIENT's Accounts. These funds are available
           daily at CLIENT's option, subject to restriction as governed by the
           Advance Formula. Daily availability will be communicated to CLIENT
           via CAPCO'S Availability / Advance Request.
       26. This Agreement shall have an initial term ending with the first full
           (24) TWENTY FOUR calendar months and unless terminated by CLIENT
           giving not less than thirty (30) days prior written notice. Upon
           receipt of such notice, and upon payment in full, by collected funds,
           of all indebtedness owing to CAPCO, CAPCO will promptly reassign ALL
           ACCOUNTS to CLIENT, return any further collections of the ACCOUNTS
           and other proceeds of the ACCOUNTS to CLIENT, release its interest in
           all Collateral (by, without limitation, filing a termination of all
           related UCC financing statements) and terminate this agreement and
           all related agreements including, without limitation, any Blocked
           Account Control Agreements. Notwithstanding the previous statements,
           CLIENT is subject to a full underwriting review after (12) Twelve
           calendar months, continued funding under this Agreement will be
           subject to CLIENT meeting the then existing underwriting criteria of
           CAPCO and, if CLIENT fails to meet such criteria after such review,
           CAPCO shall have the right to terminate this Agreement after such
           twelve calendar month period upon giving (90) ninety days prior
           written notice to CLIENT.
       27. STATEMENT OF Acceptable/Eligible Accounts: CAPCO shall identify in
           writing all Acceptable/Eligible Accounts and provide to CLIENT, upon
           request, a written statement thereof (Weekly Aging Report).
       ACCOUNTING & FEES:
       28. Funds advanced by CAPCO to CLIENT are subject to DAILY FEE OF GREATER
           BAY BANK N.A. PRIME RATE + 2.000% /360 (EQUIVALENT TO A MONTHLY
           DISCOUNT FEE OF GREATER BAY BANK N.A. PRIME RATE + 2.000% /12)
           PERCENT calculated on the daily balance (as reported on the CLIENT
           Liability Detail Report) owing to CAPCO. This period will usually be
           1 calendar day except for weekends and or weeks where holidays or
           other non-operating days prevent the fee from being taken on a daily
           basis.

                                     Page 3                        Initial _____
<PAGE>

       29. CAPCO will provide to the CLIENT daily, via fax, an advance and
           availability request. This report must be acknowledged and returned,
           via fax, to CAPCO no later than 11:30AM if a deposit or wire transfer
           is to be made the same date as the request form was issued to the
           CLIENT by CAPCO.
       30. PAYMENT PROCESSING: All payments received by CAPCO will be applied to
           CLIENT's Outstanding Balance daily following a 2 (TWO) business day
           hold to allow for the application of collected funds.
       31. DISPUTED ACCOUNT: CLIENT will promptly notify CAPCO of any Account
           subject to a Customer Dispute (See Paragraph 10 for definition) of
           any kind whatsoever and said Account may, at CAPCO's sole discretion
           be removed as an Acceptable/Eligible Account.
       32. INVOICING ERRORS: Mistaken, incorrect and/or erroneous invoicing,
           submitted by CLIENT to CAPCO may at CAPCO's discretion be deemed a
           Customer Disputed sold and Assigned Account may at CAPCO's discretion
           be removed as an Acceptable/Eligible Account.
       COLLATERAL:
       33. As Collateral for the payment of any indebtedness now owing, or in
           the future owing, by CLIENT to CAPCO, CLIENT hereby grants to CAPCO a
           security interest in the following property:

                         A. SEE EXHIBIT A ATTACHED.

       34. CLIENT will maintain such insurance covering CLIENT'S business and/or
           the property of CLIENT's Customers as is customary for businesses
           similar to the business of CLIENT.
       35. CLIENT shall complete any and all documents required to provide CAPCO
           a perfected security interest/lien in the Collateral pledged to
           CAPCO.

       DEFAULT:
       36. Any one or more of the following shall constitute an event of
           default:
           a. If CLIENT shall fail to pay any amount of indebtedness to CAPCO
           when owing;
           b. If CLIENT shall be in breach in any material respect of any term,
           provision, Warranty, or representation under this Agreement, or any
           other agreement related hereto;
           c. If bankruptcy or insolvency proceedings shall be instituted by or
           against CLIENT.
           d. If the Collateral shall be attached, levied upon, seized in any
           legal proceeding, and not released within 5 working days thereof;
           e. If CLIENT shall cease doing business and there shall exist any
           indebtedness or commitments by CLIENT to CAPCO;
           f. If any unpaid judgment of material amount, in CAPCO's sole
           opinion, or tax lien of any amount exists against CLIENT (other than
           inchoate tax liens that are not yet due and payable or taxes being
           contested in good faith by appropriate proceedings);
           g. If CAPCO with reasonable cause and in good faith determines that
           it's purchased asset or collateral is impaired for any reason
           whatsoever;
           h. Any change in CLIENT'S legal entity, corporate structure, change
           of control of CLIENT, change of ownership of more than 25% of
           CLIENT's stock, or any transfer of assets outside the ordinary course
           of business, except in all cases with CAPCO's prior written consent;
           i. Any change in CLIENT'S place of business, name, record-keeping
           location, and/or as to any additional place of business, or
           expiration of any special license(s), and either (i) CLIENT fails to
           provide prior notice thereof or (ii) such event would materially
           impair the security interest granted hereunder or the priority of
           that security interest or would result in a regulatory violation on
           the part of CAPCO.

       REMEDIES AFTER DEFAULT:
       37. In the event of any default, and following five (5) business days'
           notice by CAPCO to CLIENT, and opportunity to cure or commence cure
           of any curable event of default, in each case to CAPCO'S reasonable
           satisfaction, CAPCO may do any one or more of the following:
           a. Declare any indebtedness secured hereby immediately due and
           payable;
           b. Increase the DAILY FEE by FIVE PERCENT / 360 (EQUIVALENT TO AN
           INCREASE IN THE MONTHLY DISCOUNT FEE OF 5.000% / 12).

                                     Page 4                        Initial _____
<PAGE>

           c. Notify any and all Customers and take possession of the Accounts
           and Collateral and collect any receivables or funds paid to CLIENT
           all without judicial process;
           d. Require CLIENT to assemble the Collateral and the records
           pertaining to receivables or other assets pledged as collateral, and
           make them available to CAPCO, at a place designated by CAPCO;
           e. Enter the premises of CLIENT and take possession of the Collateral
           and of the records pertaining to the receivables and any other
           Collateral;
           f. Grant extensions, compromise claims and settle receivables for
           less than face value, all without prior notice to CLIENT;
           g. Use, in connection with any assembly or disposition of the
           Collateral, any trademark, trade name, trade style, copyright, patent
           right or technical process used or utilized by CLIENT;
           h. Return any surplus realized to CLIENT after deduction of
           reasonable expenses, attorney's fees, attorney's fees on appeal,
           collection costs, independent third party auditors, incurred by CAPCO
           in resolving said default;
           i. Hold CLIENT liable for any deficiency.
           j. Establish a reserve from the collection of Accounts to meet
           reasonable legal expenses associated with a future defense resulting
           from an action brought against CAPCO by CLIENT, CLIENT's customer, or
           other third party, as a result of an action of default.
           k. Injunction against CLIENT taking any action with regard to the
           Accounts or Collateral.
           l. CAPCO is authorized by CLIENT to receive, direct and forward,
           open, and dispose of all mail addressed to CLIENT at any address used
           by CLIENT to receive mail.

       GENERAL:
       38. After termination CLIENT remains fully responsible to CAPCO for any
           indebtedness existing, or which may yet arise in connection with
           Accounts that remain unpaid.
       39. If during the term hereof CLIENT fails to make any payment required,
           CAPCO may at its discretion pay the same and charge CLIENT therefore.
       40. CLIENT will not, under any circumstances, or in any manner
           whatsoever, interfere with any of CAPCO's rights under this
           Agreement.
       41. TAX COMPLIANCE: CLIENT will furnish CAPCO upon request satisfactory
           proof of payment and/or compliance with all Federal, State and/or
           Local tax requirements.
       42. NOTICE OF LEVY: CLIENT will promptly notify CAPCO of any attachment
           or any other legal process levied against CLIENT.
       43. LEGAL FEES: The losing party will pay any and all legal expenses and
           reasonable attorney's fees, paralegal fees, staff overtime expense,
           travel costs, costs on appeal, or other reasonable collection costs,
           that the prevailing party may incur as a result of either CLIENT or
           CAPCO enforcing this Agreement one against the other.
       44. HOLD HARMLESS: CLIENT shall hold CAPCO harmless against any
           liability, damages, loss, attorneys' fees and costs of any type due
           to any action by a Customer arising from CAPCO'S collecting or
           attempting to collect any Accounts so long as these collections are
           performed in a commercially reasonable manner and in compliance with
           all applicable laws, rules and regulations. CLIENT maintains the
           primary responsibility for collections efforts, until the occurrence
           of an event of default.
       45. BINDING ON FUTURE PARTIES: This Agreement inures to the benefit of
           and is binding upon the heirs, executors, administrators, successors
           and assigns of the parties thereto.
       46. CUMULATIVE RIGHTS: All rights, remedies and powers granted to CAPCO
           in this Agreement, or in any note, or other agreement given by CLIENT
           to CAPCO, are cumulative and may be exercised singularly or
           concurrently with such other rights as CAPCO may have. These rights
           may be exercised from time to time as to all or any part of the
           pledged Collateral as CAPCO in its discretion may determine.
       47. WRITTEN WAIVER: CAPCO may not waive its rights and remedies unless
           the waiver is in writing and signed by CAPCO. A waiver by CAPCO of a
           right, or remedy under this Agreement on one occasion is not a waiver
           of the right, or remedy on any subsequent occasion.
       48. WASHINGTON LAW: This Agreement shall be governed by and construed in
           accordance with the laws of the State of WASHINGTON. CLIENT hereby
           consents to the exclusive jurisdiction of the State of Washington in
           any dispute arising hereunder or related hereto. Venue for any
           actions shall be in King Co. WASHINGTON.
       49. INVALID PROVISIONS: If any provision of this Agreement shall be
           declared illegal or contrary to law, it is agreed that such provision
           shall be disregarded and this Agreement shall continue in force as
           though such provision had not been incorporated herein.

                                     Page 5                        Initial _____
<PAGE>

       50. ENTIRE AGREEMENT: This instrument contains the entire Agreement
           between the parties. Any addendum or modification hereto will be
           signed by both parties and attached hereto.
       51. EFFECTIVE: This Agreement becomes effective when it is accepted and
           executed by the authorized officers of CAPCO
       52. Execution of this document may contain multiple signature pages; each
           shall be considered, when combined, as one signed and executed
           document.

                                     Page 6                        Initial _____
<PAGE>

       Executed the 20th day of July, 2006 at Pisacataway, New Jersey.

       EASYLINK SERVICES CORPORATION

       By:   /s/ Thomas F. Murawski
             ----------------------

       Title: Chairman, President & CEO

       By:_____________________________

       Title: ___________________________

       EASYLINK SERVICES USA, INC.

       By:  /s/ Thomas F. Murawski
            ----------------------

       Title: President
              ---------

       By:_____________________________

       Title: ___________________________

       CAPCO FINANCIAL COMPANY - A DIVISION OF GREATER BAY BANK N.A.

       Accepted this _____ day of July, 2006, at Bellevue, Washington

       By:Jennifer Daily
          _________________________________________

       Title: Vice President
              ____________________________

                                     Page 7                        Initial _____
<PAGE>

                                CONTRACT OF SALE
                               SECURITY AGREEMENT
                          EASYLINK SERVICES CORPORATION
                                   EXHIBIT "A"

ALL PERSONAL PROPERTY, NOW OWNED OR HEREAFTER ACQUIRED, INCLUDING WITHOUT
LIMITATION ACCOUNTS, CONTRACT RIGHTS, CHATTEL PAPER, DOCUMENTS, INSTRUMENTS,
DEPOSIT ACCOUNTS, INVESTMENT PROPERTY, LETTERS OF CREDIT, COMMERCIAL TORT
CLAIMS, GENERAL INTANGIBLES, INVENTORY, RAW MATERIALS, WORK IN PROGRESS,
FINISHED GOODS, EQUIPMENT, ACCESSIONS, SUBSTITUTIONS AND ACCESSIONS, AND
PROCEEDS (CASH AND NON-CASH) INCLUDING, WITHOUT LIMITATION, INSURANCE PROCEEDS,
THEREOF. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, NO SHARES OF
CAPITAL STOCK ISSUED BY ANY DIRECT OR INDIRECT SUBSIDIARY OF CLIENT IS INCLUDED
IN THE COLLATERAL DESCRIBED IN THIS EXHIBIT A.

                                     Page 8                        Initial _____

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