Document:

PURCHASE
      AND SALE OF ASSETS AGREEMENT

     

    THIS
      PURCHASE AND SALE OF ASSETS AGREEMENT
      (the
“Agreement”) is executed and delivered as of April __, 2008, among Market &
Research Corp. (f/k/a Cable & Co Worldwide, Inc.), a Delaware corporation
      (“Buyer”) having its principal place of business in Connecticut; and Precision
      Opinion, Inc., a Nevada Corporation (“Seller”) having its principal place of
      business in Nevada; and James Medick, Michael France, and Edward Wilson, being
      all of the shareholders of Seller (the “Shareholders”).

     

    RECITALS

     

    A. Seller
      operates a market research and opinion polling business based in Las Vegas,
      Nevada (the “Business”).

     

    B. Buyer
      desires to purchase and acquire substantially all of Seller’s assets, properties
      and contractual rights used in connection with the Business, and Seller desires
      to sell such assets, properties and contractual rights to Buyer.

     

    C. The
      Shareholders own all of the issued and outstanding shares of Seller’s capital
      stock.

     

    D. Buyer
      is
      not willing to enter into this Agreement without the representations, warranties
      and agreements of the Shareholders set forth in this Agreement.

     

    E. The
      Shareholders desire that Seller sell such assets, properties and contractual
      rights to Buyer and, to induce Buyer to enter into this Agreement, are willing
      to make the representations, warranties and agreements set forth in this
      Agreement.

     

    Accordingly,
      for good and valuable consideration, the receipt and sufficiency of which are
      acknowledged, the parties agree as follows:

     

    ARTICLE
      1

     

    DEFINITIONS

     

    1.1 Certain
      Defined Terms.
      Capitalized terms shall have the meanings assigned to them in Exhibit
      A.

     

    ARTICLE
      2

     

    DESCRIPTION
      OF ASSETS

     

    2.1 Description
      of Assets.
      Upon
      the terms and subject to the conditions set forth in this Agreement, and subject
      to the exclusions set forth in Section 2.2, Seller shall, on the Closing Date,
      sell to Buyer the following assets, properties and contractual rights (the
      “Assets”), free and clear of all Encumbrances:

     

    2.1.1 the
      Equipment, including that listed on Schedule
      2.1.2;

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.1.2 the
      Customer Contracts, and, if any, the Employee Contracts. A complete and accurate
      list of the Customer Contracts and the Employee Contracts is set forth on
Schedule
      2.1.4;

     

    2.1.3 the
      Intellectual Property Rights, which specifically include the name Precision
      Opinion;

     

    2.1.4 all
      of
      the goodwill of the Business;

     

    2.1.5 the
      Office Equipment, including that listed on Schedule
      2.1.8;

     

    2.1.6 the
      Systems, as the same are described on Schedule
      2.1.9;

     

    2.1.7 all
      of
      the Restrictive Agreements that benefit Seller or the Business;

     

    2.1.8 all
      manufacturer’s or other warranties relating to the Assets;

     

    2.1.9 the
      telephone and facsimile number(s) used in the operation of the Business;
      and

     

    2.1.10 all
      of
      the other assets, properties and contractual rights used or for use in the
      Business and owned or leased by Seller, including assignment to Buyer of
      Seller’s Real Estate Lease.

     

    2.2 Excluded
      Assets.
      There
      shall be excluded from the Assets the following which are not being sold to
      Buyer pursuant to this Agreement (the “Excluded Assets”): (a) cash and cash
      equivalents, except as provided in Section 3.3; (b) the corporate records and
      corporate seal of Seller; and (c) all contracts and contract rights and
      obligations of Seller (whether oral or in writing) other than the Customer
      Contracts, the Employee Contracts, the Real Estate Lease, the Restrictive
      Agreements that benefit Seller or the Business and the manufacturers’ or other
      warranties relating to the Assets.

     

    2.3 Non-Assignment
      of Certain Assets.
      Notwithstanding anything to the contrary in this Agreement, to the extent that
      the assignment of any Customer Contract, Employee Contract, Real Estate Lease
      or
      Restrictive Agreement shall require the Consent of any Person not a party to
      this Agreement, neither this Agreement nor any action taken pursuant to it
      shall
      constitute an assignment or an attempt to assign the same if such assignment
      or
      attempted assignment would constitute a breach thereof or result in the loss
      or
      diminution thereof.

     

    ARTICLE
      3

     

    PURCHASE
      PRICE

     

    3.1 Purchase
      Price.
      Subject
      to adjustment pursuant to the terms of this Agreement, Buyer shall pay to Seller
      for the Assets the sum of Five Hundred Sixty-Eight Thousand Three Hundred and
      Ten Dollars ($568,310) (the “Initial Payment”), plus the amount (if any)
      required by Section 3.1.2, plus the Earn Out Amount as defined below, and pay
      the balance then due from Buyer to Fennemore Craig, P.C. (the “Purchase Price”),
      all payable as follows:

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    3.1.1 the
      Initial Payment at the Closing;

     

    3.1.2 such
      additional amount, if any, equal to additional loans to the Seller, made by
      the
      Shareholders, or any one of them, plus accrued interest on any such loans at
      the
      rate of eight percent (8%) per annum, on terms previously and mutually agreed
      to
      in writing or by email correspondence by James Medick and Gary Stein between
      the
      date of this Agreement and Closing.

     

    3.2 Earn
      Out. Within
      thirty days after December 31, 2009 Buyer shall pay to Seller an additional
      amount (the “Earn Out Amount”) equal to five times the EBITDA of the Precision
      Opinion division of Buyer for the calendar year 2009 less the Initial Payment
      and the amount of any loans made pursuant to Section 3.1.2 hereof. The Earn
      Out
      Amount shall be paid one-half in cash and one-half in common shares Buyer’s
      stock, valued at the average of the bid price for the first ten business days
      in
      January 2010. For purposes of calculating EBITDA, the following shall apply:
      "EBITDA"
      for the
      Earn Out Amount shall mean earnings before interest, taxes, depreciation and
      amortization of the Precision Opinion division of Buyer (the “Division”).
      Earnings shall be the net earnings of the Division, meaning gross revenue of
      the
      Division less
      all
      direct expenses of the Division, except that no compensation for James Medick
      in
      excess of $175,000 per year plus his three percent (3%) of gross sales override
      of the Division shall be included as a direct expense. Expenses shall include
      all direct expenses incurred by the Division, but shall not include any indirect
      expenses such as parent company overhead, allocations of parent company expenses
      for human resource management, senior management or other similar non-direct
      costs.

     

    3.3 Allocation
      of Purchase Price.
      The
      Purchase Price shall be allocated among the Assets by Buyer, with the consent
      of
      Seller (which consent shall not be unreasonably withheld), based upon the fair
      market value of the Assets in accordance with Section 1060 of the Code. Each
      of
      the parties agrees to report the Transactions for Tax purposes in accordance
      with such allocation of the Purchase Price.

     

    ARTICLE
      4

     

    CLOSING

     

    4.1 Time
      and Place of Closing.
      Unless
      otherwise agreed to by the parties, the Transactions shall be closed immediately
      after the completion, satisfaction or waiver of each of the conditions to
      closing set forth in Articles 10 and 11 (the “Closing”), at the offices of
      Robinson & Cole LLP, 695 East Main Street, Stamford, Connecticut 06904. The
      assignment of the Leased Real Property shall be consummated simultaneously
      at
      Closing.

     

    4.2 Deliveries
      by Seller and the Shareholders.
      At the
      Closing, Seller and the Shareholders shall deliver to Buyer, all duly
      executed:

     

    4.2.1 the
      Bill
      of Sale in the form of Exhibit
      C,
      together with vehicle titles duly endorsed for transfer and such other separate
      instruments of sale, transfer or assignment as Buyer reasonably
      requests;

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    4.2.2 certified
      copies of resolutions of the directors of Seller and of the Shareholders
      authorizing the execution of this Agreement, the sale of the Assets to Buyer,
      and the consummation of the Transactions, along with an incumbency certificate
      of Seller, in substantially the form of Exhibit
      D;

     

    4.2.3 an
      opinion of counsel for Seller and the Shareholders in substantially the form
      of
Exhibit
      E;

     

    4.2.4 an
      employment agreement for Mr. James Medick in a form to be determined by Mr.
      James Medick and Buyer (the “Employment Agreement”); 

     

    4.2.5 a
      closing
      certificate in the form of Exhibit
      G
      signed
      by a duly authorized officer of Seller and by each of the
      Shareholders;

     

    4.2.6 all
      original, executed Consents;

     

    4.2.7 subject
      to Section 4.7, an Assignment, Assumption and Consent to the Real Estate
      Land;

     

    4.2.8 a
      sworn
      affidavit in the form of Exhibit
      H
      stating,
      under penalty of perjury, that Seller is not a “foreign person” as defined under
      the Code or other appropriate evidence that Buyer is not required to withhold
      Taxes under Section 1445(a) of the Code; 

     

    4.2.9  copies
      of
      all documents evidencing the loan arrangement between Seller and Bank of the
      West; and

     

    4.2.10  such
      other documents or instruments as Buyer may reasonably request.

     

    4.3 Deliveries
      by Buyer.
      At the
      Closing, Buyer shall deliver to Seller, all duly executed (where
      applicable):

     

    4.3.1 the
      portion of the Purchase Price set forth in Sections 3.1.1 and 3.1.2, as adjusted
      pursuant to Sections 3.4 and 3.5; 

     

    4.3.2 a
      closing
      certificate in the form of Exhibit
      I
      signed
      by a duly authorized officer of Buyer; and

     

    4.3.3 such
      other documents or instruments as Seller and the Shareholders may reasonably
      request.

     

    4.8 Prorations
      and Charges.
      With
      respect to Leased Real Property, the parties shall prorate rent, insurance
      costs, real estate Taxes, operating costs (e.g., CAMs) and any other amounts
      due
      under the applicable Real Estate Lease as of the Closing Date. If any prorated
      amounts are not known as of the Closing Date, adjustments shall be made post
      Closing at such time as they are known to the parties. 

    
      
        
        

      

      
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    ARTICLE
      5

    

    CERTAIN
      COVENANTS

    

    5.1 Further
      Assurance.
      From
      time to time on and after the Closing and without further consideration, the
      parties to this Agreement shall each deliver or cause to be delivered to any
      other party, at such times and places as shall reasonably be requested, such
      additional instruments as any of the others may reasonably request for the
      purpose of carrying out this Agreement and the Transactions. Seller agrees,
      and
      the Shareholders agree to cause Seller, without further consideration, to
      cooperate with Buyer and to use their reasonable efforts to have the officers
      and employees of Seller cooperate on and after the Closing Date in furnishing
      to
      Buyer information, evidence, testimony, and other assistance in connection
      with
      obtaining all necessary permits and approvals and in connection with any
      actions, proceedings, arrangements or disputes of any nature with respect to
      matters pertaining to all periods before the Closing Date.

     

    5.2 Transition.
      Neither
      Seller nor any Shareholder shall take any action that is designed or intended
      to
      have the effect of (a) discouraging any customer or business associate of Seller
      from maintaining the same business relationships with Buyer after the Closing
      that such customer or business associate maintained with Seller before the
      Closing or (b) interfering with Buyer’s operation of the Business after the
      Closing. Seller and the Shareholders shall refer all customer inquiries relating
      to the Business to Buyer from and after the Closing. Further, Seller and the
      Shareholders agree that for a period of 90 days following the Closing Date,
      they
      will, without additional consideration, assist Buyer with the orderly transition
      of the operations of the Business from Seller to Buyer.

     

    5.3 Name
      Change.
      On the
      Closing Date or within 30 days thereafter, Seller shall file, and Shareholders
      shall cause Seller to file, with the appropriate Governmental Authorities in
      the
      state of Seller’s incorporation and in other states where Seller is qualified to
      transact business as a foreign corporation or other foreign entity such
      documents as may be necessary, and shall take such additional action as may
      be
      necessary, to change Seller’s name to a name not including the word(s)
“Precision Opinion.” In addition, from and after the Closing Date, Seller shall
      not, and Shareholders shall cause Seller not to, use any of the Intellectual
      Property Rights.

     

    5.4 Additional
      Assets.
      If
      additional assets or rights forming a part of, used in or intended to be used
      in, or necessary in the conduct of, the Business, other than Excluded Assets,
      are identified post-Closing as not having been adequately transferred to Buyer,
      Seller shall promptly transfer and assign to Buyer such assets or rights without
      additional consideration.

     

    5.5 Right
      of Repurchase. In
      the
      event that Buyer fails to pay Seller the Earn Amount as and when due, Seller
      shall have the right to repurchase the Assets for the sum of One Hundred Dollars
      ($100.00). In the event Seller exercises its rights hereunder, Seller shall
      also
      assume the leasehold obligations for the Precision Opinion Division, and the
      employment agreement between James Medick and the Buyer shall terminate. Seller
      shall give notice to Buyer no later than February 7, 2010 of its intent to
      exercise this right of repurchase and upon tender of the One Hundred Dollars,
      Buyer shall deliver to Seller a Bill of Sale conveying title to the Assets
      to
      Buyer, free and clear of all liens and claims (other than those liens and claims
      that existed or arose prior to the Closing). Further, any non-competition
      agreements between Seller, Shareholders and Buyer shall immediately terminate
      and have no further force and effect.

    
      
        
        

      

      
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    ARTICLE
      6

     

    REPRESENTATIONS
      AND WARRANTIES

    OF
      SELLER AND THE SHAREHOLDERS

     

    Seller
      and the Shareholders, jointly and severally, represent and warrant to Buyer
      that
      the statements contained in this Article 6, except as set forth in the
      Disclosure Schedules: (a) are correct and complete as of the date of this
      Agreement; and (b) will be correct and complete as of the Closing Date (as
      though made then and as though the Closing Date were substituted for the date
      of
      this Agreement throughout this Article 6). The mere listing (or inclusion of
      a
      copy) of a document or other item shall not be deemed adequate to disclose
      an
      exception to a representation or warranty made in this Agreement unless (a)
      the
      representation or warranty has to do with the existence of the document or
      other
      item itself or (b) the Disclosure Schedule identifies the exception with
      particularity (such as with a cross-reference to a section in a disclosed
      agreement) and summarizes the relevant facts in reasonable detail.

     

    Wherever
      a representation or warranty in this Agreement is qualified as having been
      made
“to the best of Seller’s knowledge,” such phrase shall mean the knowledge of the
      Shareholders, Seller and the officers, directors and employees of Seller
      responsible for the operation of the Business or the Assets, after reasonable
      inquiry.

     

    6.1 Organization;
      Authority; Name.

     

    6.1.1 Seller
      is
      a corporation duly organized, validly existing and in good standing under the
      laws of the state of its incorporation and is duly authorized, qualified and
      licensed under all applicable Laws to carry on its business in the places and
      in
      the manner as presently conducted, except for where the failure to be so
      authorized, qualified or licensed would not have a Material Adverse
      Effect.

     

    6.1.2 Seller
      and each Shareholder have the full legal right, power and authority to enter
      into this Agreement and to consummate the Transactions. On or before the
      Closing, all corporate action of Seller and the Shareholders necessary to
      approve the Transactions shall have been taken.

     

    6.2 Stock
      Ownership; Binding Effect.
      The
      Shareholders own all of the issued and outstanding shares of Seller’s capital
      stock and no Person other than the Shareholders has any right to vote such
      shares. Seller and each Shareholder have duly executed and delivered this
      Agreement, and (assuming due authorization, execution and delivery by Buyer)
      this Agreement constitutes a legal, valid and binding obligation of Seller
      and
      each Shareholder enforceable against each of them in accordance with its
      terms.

     

    6.3 No
      Conflict.
      The
      execution, delivery and performance of this Agreement by Seller and the
      Shareholders and the consummation of the Transactions do not and will not:
      (a)
      violate, conflict with or result in the breach of any provision of Seller’s
      Articles of Incorporation or Bylaws; (b) conflict with or violate any Law or
      Governmental Order applicable to the Assets, the Business, Seller, the
      Shareholders or any of their respective assets, properties or businesses; or
      (c)
      except as set forth in Schedule
      6.3(c),
      conflict with, result in any breach of, constitute a default (or event which
      with the giving of notice or lapse of time would become a default) under,
      require any Consent under, or give to any other Person any rights of
      termination, amendment, acceleration, suspension, revocation or cancellation
      of,
      or result in the creation of any Encumbrance on the Assets or the properties
      of
      Seller pursuant to any note, bond, mortgage, indenture, contract, agreement,
      lease, sublease, license, permit, authorization, franchise or other instrument
      or arrangement to which Seller or any Shareholder is a party or by which any
      of
      the Assets are bound or affected.

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    6.4 Governmental
      Consents and Approvals.
      Except
      for Hart-Scott-Rodino Act approval, if applicable, and except as set forth
      in
Schedule
      6.4,
      the
      execution, delivery and performance of this Agreement by Seller and the
      Shareholders do not and will not require any Consent or action by, filing with
      or notification to, any Governmental Authority.

     

    6.5 Financial
      Information; Books and Records.
      Complete and accurate copies of the balance sheets of Seller at the Closing
      and
      the related statements of income and retained earnings and cash flows of Seller
      for the years then ended, together with all related notes and schedules thereto,
      and of the unaudited balance sheet of Seller dated as of the Closing (the
“Financial Statement Date”) and the related statements of income and retained
      earnings and cash flows of Seller for the prior month to Closing then ended,
      together with all related notes and schedules thereto (collectively, the
“Financial Statements”), are included in Schedule
      6.5.
      The
      Financial Statements: (a) were prepared in accordance with Seller’s books of
      account and other financial records; (b) present fairly Seller’s financial
      condition and results of operations and cash flows as of the dates thereof
      or
      for the periods covered thereby, subject in the case of the unaudited Financial
      Statements to normal recurring year-end adjustments (the effect of which will
      not, individually or in the aggregate, have a Material Adverse Effect); and
      (c)
      have been prepared in accordance with generally accepted accounting principles
      consistently applied, except, in the case of the unaudited Financial Statements,
      for the lack of explanatory footnote disclosures. 

     

    6.6 Inventories.
      There
      are no Inventories.

     

    6.7 
      Intellectual Property Rights.

     

    6.7.1 Schedule
      6.7.1
      sets
      forth: (a) all Intellectual Property Rights and all pending registrations and
      applications therefor, that Seller owns, uses or licenses or in which Seller
      has
      any interest, indicating which are owned and which are licensed; (b) all
      contracts, agreements or other arrangements under which Seller has granted,
      or
      is obligated to grant, rights to others to use, reproduce, market or exploit
      any
      Intellectual Property Rights; and (c) all names, assumed or otherwise, under
      which Seller has ever conducted the Business. No Intellectual Property Rights,
      other than those set forth in Schedule
      6.7.1,
      are
      necessary for the conduct of the Business.

     

    6.7.2 Seller
      is
      not infringing upon or otherwise acting adversely to the right or, to the best
      of Seller’s knowledge, claimed right, of any Person under or with respect to any
      Intellectual Property Rights, nor has Seller or any Shareholder received written
      notice of any such claim. Seller is not (a) obligated pursuant to any contract
      to make any payments by way of royalties, fees or otherwise with respect to
      any
      Intellectual Property Rights, or (b) a licensor in respect of any Intellectual
      Property Rights. All licensing agreements pursuant to which Seller is a licensee
      of any Intellectual Property Rights are valid and binding on Seller and, to
      the
      best of Seller’s knowledge, the other parties thereto, in accordance with their
      respective terms and are in full force and effect, and (a) no breach or default
      by Seller or event which, with notice or lapse of time, could constitute a
      breach or default by Seller, exists with respect thereto, (b) no party thereto
      has given notice or asserted to Seller that Seller is in breach or default
      thereunder, and (c) to the best of Seller’s knowledge, no other party thereto is
      in breach or default thereunder.

    
      
        
        

      

      
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    6.7.3 To
      the
      best of Seller’s knowledge, no third party is infringing on any of the
      Intellectual Property Rights used in the conduct of the Business. 

     

    6.7.4 Seller
      is
      not in any way making any unlawful or wrongful use of any confidential
      information, customer lists or trade secrets of any third party, including
      any
      former employer of any present or past employee of Seller. 

     

    6.8 Tangible
      Personal Property.

     

    6.8.1 Schedule
      2.1.2
      is a
      complete and accurate list of all Equipment. Schedule
      2.1.8
      is a
      complete and accurate list of all Office Equipment. Schedule
      2.1.9
      is a
      complete and accurate list of the Systems, and the Systems contain an accurate
      and complete list of all customers of Seller. The Assets constituting tangible
      personal property are in good and serviceable condition and repair (subject
      to
      normal wear and tear). Seller has not, nor, to the best of Seller’s knowledge,
      has anyone else, made any modifications to any of the Assets that would void
      or
      invalidate any manufacturer’s warranty or cause the Assets not to be in
      compliance with any Law.

     

    6.8.2 Seller
      either owns all of the Assets constituting tangible personal property or leases
      them under an agreement indicated on Schedule
      6.8.2.
      Neither
      Seller nor any Shareholder has: (a) received any notice of cancellation or
      termination under such lease and no lessor has any right of termination or
      cancellation under such lease except in connection with a default of Seller
      thereunder; or (b) received any notice of a breach or default under such lease,
      which breach or default has not been cured. Neither Seller nor any Shareholder
      nor, to the best of Seller’s knowledge, any other party to such lease, is in
      breach or default in any material respect, and no event has occurred that,
      with
      notice or lapse of time would constitute such a breach or default or permit
      termination, modification or acceleration under such lease.

     

    6.9 Contracts.

     

    6.9.1 Schedule
      2.1.4
      is a
      complete and accurate list of the Customer Contracts and Employee Contracts
      as
      of the date of this Agreement, complete and accurate copies of which are
      attached to Schedule
      2.1.4.
      The
      Customer Contracts include all of Seller’s customers to whom Seller is providing
      services as of the Closing Date. Seller has billed all of its customers
      accurately and timely and in accordance with the Customer Contracts. All
      Customer Contracts and Employee Contracts are in full force and effect and
      are
      valid, binding and enforceable against the respective parties thereto in
      accordance with their respective terms, and Seller is not in default in, nor
      has
      there occurred an event or condition (other than Seller’s execution and delivery
      of or performance under this Agreement) which, with the passage of time or
      the
      giving of notice, would constitute a default with regard to the payment or
      performance of any obligation under any Customer Contract or Employee Contract.
      Seller has not received any notice that any person intends or desires to amend
      or terminate any Customer Contract or Employee Contract.

    
      
        
        

      

      
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    6.9.2 There
      is
      no contract, agreement or other arrangement granting any Person any preferential
      right to purchase any of the Assets.

     

    6.9.3 Except
      as
      set forth on Schedule
      6.9.3,
      no
      Customer Contract or any other contract, agreement or other arrangement between
      Seller and any of Seller’s customers or any third party, requires the Consent of
      any Person for such Customer Contract or other contract or agreement to be
      assigned to Buyer under this Agreement.

     

    6.10 Insurance
      Policies.
      Attached as Schedule
      6.10
      are
      complete and accurate copies as of the date of this Agreement of all insurance
      policies carried by Seller and an accurate list of all insurance loss runs
      and
      workers’ compensation claims in Seller’s possession for up to the past three
      policy years, and a complete and accurate copy of Seller’s most recent filing
      with the state agency responsible for administering, handling or overseeing
      unemployment claims. All insurance policies are in full force and effect and
      shall remain in full force and effect through the Closing Date. Seller’s
      insurance has never been canceled and Seller has not been denied coverage within
      the last three years.

     

    6.11 Employees;
      Employee Benefits.
      Schedule
      6.11
      is a
      complete and accurate list of all employees of Seller, their date of hire and
      their rate of compensation as of the date of this Agreement (including a
      breakdown of the portion thereof attributable to salary, bonus and other
      compensation, respectively). Except as set forth on Schedule
      6.11,
      each of
      Seller’s employees is an employee at will and will be terminated by Seller on
      the Closing Date. Seller shall be responsible for all severance and other
      employment related payments accrued as of the Closing Date.

     

    6.12 Labor
      Matters.
      No
      collective bargaining or other labor union contracts apply to Seller’s
      employees. There never has been, nor is there pending or to the best of Seller’s
      knowledge threatened, a labor dispute, strike or work stoppage against Seller.
      To the best of Seller’s knowledge, neither Seller nor any Shareholder, nor any
      of their respective representatives or employees, has committed any unfair
      labor
      practices in connection with the operation of Seller.

     

    6.13 Compliance
      with Law.
      Seller
      has always conducted and continues to conduct the Business in accordance with
      all Laws, Permits and Governmental Orders (including Environmental Laws, zoning
      and land use restrictions, and Laws relating to the employment of labor)
      applicable to Seller, the Assets or the Business. Seller is not in material
      violation of any such Law, Permit or Governmental Order. Schedule
      6.13
      identifies each Governmental Order applicable to Seller, the Assets or the
      Business, and no such Governmental Order has or has had a Material Adverse
      Effect. Neither Seller nor any Shareholder has received any citation or notice
      that Seller or any of its current or former officers, directors, shareholders
      or
      employees is under investigation or other form of review relating to the Assets
      or the Business with respect to any applicable Law.

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    6.14 Taxes.
      Seller
      and the Shareholders have duly filed, or will duly file in a timely manner,
      with
      the relevant Tax authorities all returns with respect to Taxes relating to
      Seller, including estimated Tax returns and other information returns and
      reports which they are required to file, and each such document is complete,
      accurate and in accordance with all requirements of applicable Law. Seller
      and
      the Shareholders have paid and discharged all Taxes shown as due on all Tax
      returns and have paid all other Taxes as are due, other than such Taxes as
      are
      being contested in good faith by appropriate proceedings and with respect to
      which adequate reserves are being maintained in accordance with generally
      accepted accounting principles. All Taxes required to be withheld, collected
      or
      deposited by Seller have been timely withheld, collected or deposited and,
      to
      the extent required, have been paid to the relevant Tax authority. Neither
      the
      IRS nor any other taxing authority or agency, domestic or foreign, is now
      asserting or, to the best of Seller’s knowledge, threatening to assert against
      Seller or the Shareholders any deficiency or claim for additional Taxes or
      interest thereon or penalties in connection therewith. Seller has not granted
      any waiver of any statute of limitations with respect to, or any extension
      of a
      period for the assessment of, any Tax. There are no Tax liens on any of the
      Assets or the Business. Attached as Schedule
      6.14
      is a
      completed Form W-9 for Seller.

     

    6.15 
      Litigation.
      Except
      as set forth on Schedule
      6.15,
      no
      Action is pending or, to the best of Seller’s knowledge, threatened, against
      Seller or the Shareholders relating to the Assets or the Business, at law or
      in
      equity. Neither Seller nor any Shareholder has received notice of any of the
      above, and, to the best of Seller’s knowledge, no facts or circumstances exist
      which would give rise to any of the foregoing. Also listed on Schedule
      6.15
      are all
      instances where Seller or the Shareholders are the plaintiff, or complaining
      or
      moving party, in any way related to the Assets or the Business.

     

    6.16 Absence
      of Price Renegotiation Contracts.
      Except
      as stated in Schedule
      6.16,
      Seller
      is not a party to any governmental contracts related to the Assets or the
      Business that are subject to price redetermination or
      renegotiation.

     

    6.17 Conduct
      of Seller’s Business.
      Since
      the Financial Statement Date, except for the execution and delivery of this
      Agreement or as disclosed on Schedule
      6.17,
      the
      Business has been conducted in all material respects in the ordinary course
      and
      consistent with past practice, and there has not been any:

     

    6.17.1 work
      interruption, labor grievance or unfair labor practice claim filed or, to the
      best of Seller’s knowledge, threatened;

     

    6.17.2 sale
      or
      transfer of, or any agreement to sell or transfer, any of the Assets or any
      plan, agreement or arrangement granting any preferential right to purchase
      or
      acquire any interest in any of the Assets, or requiring Consent of any party
      to
      the transfer and assignment of any of the Assets, or any loss or damage to
      the
      Assets;

     

    6.17.3 waiver
      of
      any material rights or claims of Seller related to the Assets;

     

    6.17.4 material
      breach, amendment or termination of any Customer Contract;

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    6.17.5 transaction
      by Seller outside the ordinary course of its business and related to the Assets
      or the Business;

     

    6.17.6 increase
      in the compensation of any employee of Seller;

     

    6.17.7 any
      other
      material occurrence, event, incident, action or failure to act outside the
      ordinary course of business of Seller; or

     

    6.17.8 any
      action by Seller, the Shareholders, or any employee, officer or agent of Seller
      or the Shareholders committing to do any of the foregoing.

     

    6.18 Permits;
      Hazardous Materials; Disposal Sites.

     

    6.18.1 Seller
      currently holds all Permits, necessary for the current use, occupancy and
      operation of each asset and property of Seller and the conduct of the Business,
      and all such Permits are in full force and effect. Neither Seller nor any
      Shareholder has received any notice from any Governmental Authority revoking,
      canceling, rescinding, materially modifying or refusing to renew any
      Permit.

     

    6.19 Except
      for waste materials included in residential or commercial waste that have in
      all
      respects been Handled in compliance with all applicable Laws (including
      applicable Environmental Laws relating to the permissible types and quantities
      of such waste materials), and except as disclosed on Schedule
      6.18.2,
      Seller
      has never Handled any Hazardous Materials. Except as disclosed on Schedule
      6.18.2,
      there
      have been no Releases into the Environment or onto or under the Land or any
      other real property now or in the past owned, leased or used by Seller of any
      Hazardous Materials. No Encumbrance with respect to Environmental Liability
      has
      been imposed against Seller or any of the Assets under any Environmental Law
      or
      other applicable Law, and no facts or circumstances exist which would give
      rise
      to the same. 

     

    6.20 Noncompete
      Agreements.
      Schedule
      6.21
      is a
      complete and accurate list of all Restrictive Agreements as of the date of
      this
      Agreement, complete and accurate copies of which are attached as Schedule
      6.21.
      None of
      the Restrictive Agreements have been modified, altered, terminated or otherwise
      amended. The Transactions do not violate any of the terms and provisions of
      the
      Restrictive Agreements.

     

    6.21 Real
      Property.

     

    6.21.1 The
      Seller owns no Real Property:

     

    6.21.2 Schedule
      6.21.2 sets forth a complete and accurate street address and legal description
      of the Leased Real Property and, except as described therein, Seller does not
      lease any real property. Seller has good and marketable leasehold title to
      the
      Leased Real Property. Seller has delivered to Buyer complete and accurate copies
      of all Real Estate Leases. With respect to each of the Real Estate
      Leases:

     

    6.21.2.1 such
      Real
      Estate Lease is legal, valid, binding, enforceable and in full force and effect,
      and represents the entire agreement between the respective lessor and lessee
      with respect to such property;

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    6.21.2.2 neither
      Seller nor any Shareholder has: (a) received any notice of cancellation or
      termination under such Real Estate Lease and no lessor has any right of
      termination or cancellation under such Real Estate Lease except in connection
      with a default of Seller thereunder, or (b) received any notice of a breach
      or
      default under such Real Estate Lease, which breach or default has not been
      cured;

     

    6.21.2.3 neither
      Seller nor any Shareholder nor, to the best of Seller’s knowledge, any other
      party to such Real Estate Lease, is in breach or default in any material
      respect, and, to the best of Seller’s knowledge, no event has occurred that,
      with notice or lapse of time would constitute such a breach or default or permit
      termination, modification or acceleration under such Real Estate Lease;
      and

     

    6.21.2.4 Seller
      has the full right to exercise any renewal options contained in such lease
      on
      the terms and conditions therein and upon due exercise would be entitled to
      enjoy the use of each Leased Real Property for the full term of such renewal
      options.

     

    6.21.2.5 There
      are
      no unrecorded contracts, leases, easements or other agreements, or claim of
      any
      third party, affecting the use, title, occupancy or development of the Land,
      and
      no person, firm or entity has any right of first refusal, option or other right
      to acquire all or any part of the Land.

     

    6.21.2.6 All
      labor
      and materials used in the construction or preparation of improvements on the
      Leasehold Premises have been paid for and there are no disputes with regard
      thereto. There are no unpaid or deferred betterment assessments or similar
      charges or obligations with respect to which Seller is liable under the Real
      Estate Leases.

     

    6.21.3 Seller
      presently enjoys peaceful and quiet possession of its Leasehold
      Premises.

     

    6.21.4 Except
      for landlords’ rights in connection with the Leased Real Property, no party
      except Seller has a present or future right to possession of all or any part
      of
      the Leasehold Premises.

     

    6.21.5 Seller
      is
      not a “foreign person” as the term is defined in Section 1445 of the
      Code.

     

    6.22 Reliance
      on Advisors.
      Seller
      and the Shareholders have relied on their own advisors for all legal,
      accounting, tax or other advice whatsoever in connection with this Agreement
      and
      the Transactions.

     

    6.23 Representation
      Concerning Totality of Assets.
      Except
      as disclosed in Schedule
      6.24,
      Seller
      has good and marketable title to the Assets, or, in the case of leased or
      subleased Assets, valid and subsisting leasehold interests in all such Assets,
      free and clear of all Encumbrances other than Permitted Encumbrances. The Assets
      constitute all the assets and rights forming a part of, used in, intended to
      be
      used in, or necessary in the conduct of, the Business.

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    6.24 Complete
      Disclosure.
      This
      Agreement, the Disclosure Schedules, and all other documents and written
      information furnished to Buyer and its representatives by Seller, the
      Shareholders or their respective representatives, taken as a whole, do not
      and
      will not include any untrue statement of a material fact or omit to state a
      material fact necessary to make the statements therein not misleading. If Seller
      or any Shareholder becomes aware of any fact or circumstance that would change
      a
      representation or warranty of Seller or the Shareholders in this Agreement
      or
      any other statement made or document provided to Buyer, the party with such
      knowledge shall promptly give notice of such fact or circumstance to Buyer.
      None
      of (a) such notification, (b) any pre-closing investigation by Buyer of Seller,
      the Assets or the Business, or (c) the Closing, shall relieve Seller or the
      Shareholders of their indemnification or other obligations under this
      Agreement.

     

    ARTICLE
      7

     

    REPRESENTATIONS
      AND WARRANTIES OF BUYER

     

    Buyer
      represents and warrants that the statements contained in this Article 7: (a)
      are
      correct and complete as of the date of this Agreement; and (b) will be correct
      and complete as of the Closing Date (as though made then and as though the
      Closing Date were substituted for the date of this Agreement throughout this
      Article 7).

     

    7.1 Organization;
      Authority.
      Buyer
      is a corporation duly organized, validly existing and in good standing under
      the
      laws of the state of its incorporation, and is duly authorized, qualified and
      licensed under all applicable Laws to carry on its business in the places and
      in
      the manner presently conducted, except for where the failure to be so
      authorized, qualified or licensed would not have a Material Adverse Effect.
      Buyer has the full legal right, power and authority to enter into this Agreement
      and to consummate the Transactions. On or before the Closing, all corporate
      action of Buyer necessary to approve the Transactions shall have been
      taken.

     

    7.2 No
      Conflict.
      The
      execution, delivery and performance of this Agreement by Buyer and the
      consummation of the Transactions do not and will not violate, conflict with,
      or
      result in a breach of any provision of Buyer’s Articles of Incorporation or
      Bylaws.

     

    7.3 Governmental
      Consents and Approvals.
      Except
      for Hart-Scott-Rodino Act approval, if applicable, the execution, delivery
      and
      performance of this Agreement by Buyer do not and will not require any Consent
      or other action by, filing with, or notification to, any Governmental
      Authority.

     

    7.4 Binding
      Agreement.
      Buyer
      has duly executed and delivered this Agreement, and (assuming due authorization,
      execution and delivery by Seller and the Shareholders) this Agreement
      constitutes a legal, valid and binding obligation of Buyer enforceable against
      Buyer in accordance with its terms.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    ARTICLE
      8

    

    COVENANTS
      OF SELLER AND THE SHAREHOLDERS BEFORE CLOSING

    

    8.1 Access
      to Records.
      Between
      the date of this Agreement and the Closing Date, Seller shall: (a) at reasonable
      times and upon reasonable notice, grant Buyer and its representatives access
      to
      all of the offices of Seller, and the books and records of Seller, and (b)
      furnish Buyer with such additional financial and operating data and other
      information as to the Assets and the Business as Buyer may reasonably request.
      Seller and the Shareholders will cooperate with Buyer and its representatives
      in
      the preparation of any documents or other material that may be required by
      any
      Governmental Authority. 

     

    8.2 Activities
      of Seller Before Closing.
      Until
      the Closing, Seller shall and the Shareholders shall cause Seller
      to:

     

    8.2.1 Continue
      to the operate the Business in the ordinary course and maintain the Assets
      in
      good working order and condition, ordinary wear and tear excepted;

     

    8.2.2 perform
      all of its obligations under the Real Estate Leases, Permits, Customer
      Contracts, Employee Contracts, and its debt instruments;

     

    8.2.3 keep
      in
      full force and effect present insurance policies, bonds, letters of credit
      or
      other insurance coverage with reputable insurers and issuers;

     

    8.2.4 use
      its
      best efforts to preserve intact the Assets and to keep available the services
      of
      its officers and employees and maintain good relationships with suppliers,
      customers and others having business relationships with Seller; 

     

    8.2.5 maintain
      compliance with all applicable Laws;

     

    8.2.6 cooperate
      with Buyer to promptly prepare the necessary documents so that the Transactions
      may be closed before the date set forth in Section 14.3;

     

    8.2.7 provide
      all reasonable assistance to Buyer to provide for an orderly transfer of the
      Assets from Seller to Buyer; and

     

    8.2.8 not
      change its Tax status.

     

    8.3 Prohibited
      Activities Before Closing.
      Until
      the Closing, Seller shall not:

     

    8.3.1 permit
      any new Encumbrance upon any Asset;

     

    8.3.2 breach,
      amend or terminate any Real Estate Lease, Permit, Customer Contract or Employee
      Contract in any material manner or fail to maintain the Business, the Assets
      or
      the quality of customer service consistent with past practice;

     

    8.3.3 enter
      into any transaction outside the ordinary course of the Business of Seller
      or
      otherwise prohibited under this Agreement; or

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    8.3.4 allow
      any
      other action or omission, or series of actions or omissions, that would cause
      a
      representation or warranty of Seller and the Shareholders made in Section 6.17
      to be untrue on the Closing Date.

     

    8.4 Standstill
      Agreement.
      Unless
      and until this Agreement is terminated pursuant to Article 14 without the
      Closing having taken place, Seller and the Shareholders shall not, directly
      or
      indirectly, solicit offers for the Assets, for the capital stock of Seller
      or
      for a merger or consolidation involving Seller, or respond to inquiries from,
      share information with, negotiate with or in any way facilitate inquiries or
      offers from, third parties who express or who have expressed an interest in
      acquiring Seller or the Business by merger, consolidation or other combination
      or by acquiring any of the capital stock or material Assets of Seller. The
      Shareholders shall not vote their stock in favor of any such transaction. Seller
      and the Shareholders shall notify Buyer immediately if any Person makes any
      proposal, offer, inquiry or contact with respect to any of the
      foregoing.

     

    ARTICLE
      9

     

    ADDITIONAL
      AGREEMENTS OF PARTIES

     

    9.1 Public
      Announcements.
      Except
      to the extent that the parties consent in writing otherwise, (a) the parties
      shall keep the existence and terms of this Agreement confidential, and, (b)
      no
      party shall make, or cause to be made, any press release or public announcement
      in respect of this Agreement or the Transactions or otherwise communicate with
      any media. Notwithstanding the preceding sentence, however, Buyer or an
      Affiliate of Buyer may make such disclosure (on Form 8-K, by press release
      or
      otherwise) regarding the terms of this Agreement and the Transactions as it
      deems necessary to comply with applicable securities laws or the rules and
      regulations of the Securities and Exchange Commission, including a press release
      following the execution of this Agreement.

     

    9.2 Representations
      and Warranties.
      Through
      the Closing Date, each of the parties shall refrain from taking any action
      that
      would render any of its representations or warranties in this Agreement
      inaccurate as of the Closing Date.

     

    ARTICLE
      10

     

    CONDITIONS
      PRECEDENT TO OBLIGATIONS

    OF
      SELLER AND THE SHAREHOLDERS

     

    The
      obligations of Seller and the Shareholders under this Agreement are subject
      to
      the completion, satisfaction, or at their option, waiver, on or before the
      Closing Date, of the following conditions:

     

    10.1 Representations
      and Warranties.
      The
      representations and warranties of Buyer contained in this Agreement shall be
      accurate on and as of the Closing Date.

     

    10.2 Covenants.
      Buyer
      shall have duly complied with or performed each of the covenants of this
      Agreement to be complied with or performed by Buyer on or before the Closing
      Date.

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    10.3 No
      Adverse Proceeding.
      No
      Action before a Governmental Authority shall have been instituted or threatened
      to restrain or prohibit any of the Transactions.

     

    10.4 Closing
      Deliveries.
      Buyer
      shall have timely delivered (if required to be delivered before the Closing)
      or
      shall be prepared to deliver the items set forth in Section 4.3.

     

    ARTICLE
      11

     

    CONDITIONS
      PRECEDENT TO OBLIGATIONS OF BUYER

     

    The
      obligations of Buyer under this Agreement are subject to the completion,
      satisfaction or, at its option, waiver, on or before the Closing Date, of the
      following conditions:

     

    11.1 Representations
      and Warranties.
      The
      representations and warranties of Seller and the Shareholders contained in
      this
      Agreement shall be accurate on and as of the Closing Date.

     

    11.2 Covenants.
      Seller
      and the Shareholders shall have duly complied with or performed each of the
      terms, covenants and conditions of this Agreement to be complied with or
      performed by Seller and the Shareholders on or before the Closing
      Date.

     

    11.3 Delivery
      of Disclosure Schedules.
      Seller
      and the Shareholders shall have delivered to Buyer complete and final Disclosure
      Schedules at least 10 business days before the Closing and Buyer shall have
      determined such Disclosure Schedules to be acceptable to it in its sole
      discretion.

     

    11.4 No
      Adverse Proceeding.
      No
      Action shall have been instituted or threatened to restrain or prohibit any
      of
      the Transactions. No Governmental Authority shall have taken any other action
      or
      made any request of Buyer as a result of which Buyer deems it inadvisable to
      proceed with the Transactions.

     

    11.5 Corporate
      Approval.
      Buyer’s
      Board of Directors shall have approved the Transactions.

     

    11.6 No
      Adverse Change or Material Adverse Effect.
      No
      material and adverse change in the results of operations, financial condition
      or
      business of Seller shall have occurred since the Financial Statement Date.
      Seller shall not have suffered any loss or damage to any of the Assets since
      the
      Financial Statement Date, which loss or damage would result in a Material
      Adverse Effect or would materially impair Buyer’s ability to operate the
      Business after the Closing Date.

     

    11.7 Transferability
      of Permits.
      Buyer
      shall have determined, in its sole discretion, that as a result of the
      Transactions, all of the Permits required for the operation of the Business
      have
      been transferred to Buyer or can be so transferred without public hearing or
      other regulatory re-approval process.

     

    11.8 Due
      Diligence Review.
      Buyer
      must have received results satisfactory to it, in its sole discretion, from
      its
      due diligence review of Seller, the Business and the Assets.

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    11.9 Consents.
      All
      necessary notices to, Consents of and filings with any Governmental Authority
      relating to the consummation of the Transactions to be made or obtained by
      Seller shall have been made and obtained by Seller, and Buyer shall have
      determined, in its sole discretion, that Buyer has received all the Consents
      it
      deems necessary under any Customer Contract, Employee Contract or Permit
      requiring consent to assignment.

     

    11.10 Closing
      Deliveries.
      Seller
      and the Shareholders shall have timely delivered (if required to be delivered
      before the Closing) or shall be prepared to deliver the items set forth in
      Section 4.2.

     

    11.11 Governmental
      Approvals.
      Seller
      and Buyer shall have received all governmental approvals deemed necessary by
      Buyer, in its sole discretion, to proceed with the Transactions, including,
      if
      applicable, under the Hart-Scott-Rodino Act.

     

    11.12 General.
      All
      actions taken by Seller and the Shareholders in connection with the consummation
      of the Transactions and all certificates, opinions and other documents required
      to effect the Transactions shall be reasonably satisfactory in form and
      substance to Buyer.

     

    ARTICLE
      12

     

    NON-ASSUMPTION
      OF LIABILITIES

     

    12.1 Non-Assumption
      of Liabilities.
      Except
      as explicitly set forth in Section 12.2, Buyer shall not, by the execution
      and
      performance of this Agreement or otherwise (including under theories of
      successor liability), assume, become responsible for or incur any Liability
      of
      any nature of Seller or any Shareholder or any other Person, including any
      Liability arising out of or relating to: (a) any occurrence or circumstance
      (whether known or unknown) which occurs or exists on or before the Closing
      Date
      and which constitutes, or which by the lapse of time or giving notice would
      constitute, a breach or default under any lease, contract, or other instrument
      or agreement (whether written or oral) including the Permits and the Customer
      Contracts; (b) injury to or death of any person or damage to or destruction
      of
      any property, whether based on negligence, breach of warranty, or any other
      theory; (c) violation of the requirements of any applicable Law or Governmental
      Authority or of the rights of any third Person, including any requirements
      relating to the reporting and payment of Taxes; (d) the Handling or Release
      of
      Hazardous Materials; (e) any Liabilities under any agreement or arrangement
      between Seller and the employees of Seller or any labor or collective bargaining
      unit representing any such employees; (f) any Plan; (g) any severance pay
      obligation of Seller or of any Plan or any other fringe benefit program
      maintained or sponsored by Seller or to which Seller contributes or any
      contributions, benefits or Liabilities therefor or any Liability for the
      withdrawal or partial withdrawal from or termination of any such Plan or program
      by Seller; (h) any obligations related to any of the Excluded Assets; (i) any
      Liabilities of Seller or any Shareholder not specifically assumed by Buyer
      under
      Section 12.2. Seller and the Shareholders agree that they shall pay and
      discharge all such Liabilities as and when they become due and
      payable.

     

    12.2 Assumption
      of Obligations.
      Buyer
      agrees to assume all of Seller’s obligations under the Customer Contracts,
      Employee Contracts, Permits and Real Estate Leases to the extent, but only
      to
      the extent, that such obligations first mature and are required to be performed
      after the Closing Date.

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    ARTICLE
      13

     

    INDEMNIFICATION

     

    13.1 Survival
      of Representations, Warranties and Covenants.
      All of
      the representations, warranties and covenants in this Agreement and the
      obligations of the parties with respect thereto shall survive the Closing for
      two (2) years after the Closing Date; provided, however, that (a) the
      representations and warranties in Sections 6.14 and 6.18 and the related
      indemnification obligations shall survive until the expiration of the applicable
      statute of limitations, and (b) the representations, warranties and covenants
      in
      Sections 12.1 and 12.2 and the related indemnification obligations shall survive
      indefinitely.]

     

    13.2 Indemnification
      by Seller and the Shareholders.
      Seller
      and the Shareholders agree that they will each, jointly and severally,
      indemnify, defend (as to third party claims only), protect and hold harmless
      Buyer, its partners, officers, directors, divisions, subdivisions, Affiliates,
      shareholders, agents, employees, successors and assigns at all times from and
      after the Closing Date from and against all Losses that arise as a result of
      or
      incident to: (a) occurrences before the Closing Date; (b) any breach of,
      misrepresentation in, untruth in or inaccuracy in the representations and
      warranties by Seller or the Shareholders set forth in this Agreement or in
      the
      Disclosure Schedules or in any other document delivered pursuant to this
      Agreement; (c) nonfulfillment or nonperformance of any agreement, covenant
      or
      condition on the part of Seller or any Shareholder made in this Agreement or
      in
      any other document delivered pursuant to this Agreement, including the
      Noncompetition Agreement; (d) any of the matters set forth in Section 12.1;
      or
      (e) any claim by a third party that, if true, would mean that a condition for
      indemnification set forth in subsections (a) through (d) of this Section 13.2
      had been satisfied.

     

    13.3 Indemnification
      by Buyer.
      Buyer
      agrees that it will indemnify, defend (as to third party claims only), protect
      and hold harmless Seller, the Shareholders and their respective partners,
      officers, directors, divisions, subdivisions, Affiliates, shareholders, agents,
      employees, successors and assigns at all times from and after the Closing Date
      from and against all Losses that arise as a result of or incident to: (a) any
      breach of, misrepresentation in, untruth in or inaccuracy in the representations
      and warranties by Buyer set forth in this Agreement; (b) nonfulfillment or
      nonperformance of any agreement, covenant or condition on the part of Buyer
      made
      in this Agreement; and (c) any claim by a third party that, if true, would
      mean
      that a condition for indemnification set forth in subsections (a) or (b) of
      this
      Section 13.3 had been satisfied.

     

    13.4 Indemnification
      Procedure Between Buyer and Seller and the Shareholders.
      Upon
      the occurrence of any claim for which indemnification is believed to be due
      under this Agreement, the Indemnified Party shall provide Claim Notice to the
      Indemnifying Party. The Claim Notice shall state in general terms the
      circumstances giving rise to the claim, specify the amount of the claim (or
      an
      estimate thereof), and make a request for any payment then believed due. A
      Claim
      Notice shall be conclusive against the Indemnifying Party in all respects 20
      days after receipt by the Indemnifying Party unless, within such period, the
      Indemnifying Party sends the Indemnified Party a Dispute Notice. Any Dispute
      Notice shall describe the basis for such objection and the amount of the claim
      that the Indemnifying Party does not believe should be subject to
      indemnification. Upon receipt of any Dispute Notice, the Indemnified Party
      and
      the Indemnifying Party shall use reasonable efforts to cooperate and arrive
      at a
      mutually acceptable resolution of the dispute within the next 30 days. If a
      resolution is not reached within the 30-day period, either party may commence
      the dispute resolution procedures set forth in Article 16. If it is finally
      determined (through either agreement of the parties, arbitration or final
      judgment of a court of competent jurisdiction) that all or a portion of the
      claim amount is owed to the Indemnified Party, the Indemnifying Party shall,
      within 10 days of such determination, pay the Indemnified Party such amount
      owed, together with interest from the date of the Claim Notice until the date
      of
      actual payment at the Applicable Rate.

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    13.5 Indemnification
      Procedure with Respect to Third Party Claims.

     

    13.5.1 If
      any
      third party shall notify an Indemnified Party pursuant to this Agreement with
      respect to a Third Party Claim, or if an Indemnified Party otherwise becomes
      aware of any matter that may give rise to such a claim or wishes to make such
      a
      claim (whether or not related to a Third Party Claim), then the Indemnified
      Party shall promptly notify each Indemnifying Party thereof in writing;
      provided, however, that no delay on the part of the Indemnified Party in
      notifying any Indemnifying Party shall relieve the Indemnifying Party from
      any
      obligation under this Agreement unless, and then solely to the extent that, the
      Indemnifying Party is thereby prejudiced.

     

    13.5.2 Any
      Indemnifying Party will have the right to defend the Indemnified Party against
      a
      Third Party Claim with counsel of its choice satisfactory to the Indemnified
      Party so long as: (a) the Indemnifying Party notifies the Indemnified Party
      in
      writing within a reasonable time after the Indemnified Party has given notice
      of
      the Third Party Claim that the Indemnifying Party will indemnify the Indemnified
      Party from and against the entirety of any Losses the Indemnified Party may
      suffer that arise as a result of or incident to the Third Party Claim; (b)
      the
      Indemnifying Party provides the Indemnified Party with evidence acceptable
      to
      the Indemnified Party that the Indemnifying Party will have the financial
      resources to defend against the Third Party Claim and fulfill its
      indemnification obligations under this Agreement; (c) the Third Party Claim
      involves only monetary damages and does not seek an injunction or equitable
      relief or involve the possibility of criminal penalties; (d) settlement of
      or
      adverse judgment with respect to the Third Party Claim is not, in the good
      faith
      judgment of the Indemnified Party, likely to establish a precedential custom
      or
      practice adverse to the continuing business interests of the Indemnified Party,
      and (e) the Indemnifying Party conducts the defense of the Third Party Claim
      actively and diligently.

     

    13.5.3 So
      long
      as the Indemnifying Party is conducting the defense of the Third Party Claim
      in
      accordance with Section 13.5.2, (a) the Indemnified Party may retain separate
      co-counsel at its sole cost and expense and participate in the defense of the
      Third Party Claim, (b) the Indemnified Party will not consent to the entry
      of
      any judgment or enter into any settlement with respect to the Third Party Claim
      without the prior written consent of the Indemnifying Party (which will not
      be
      unreasonably withheld), and (c) the Indemnifying Party will not consent to
      the
      entry of any judgment or enter into any settlement with respect to the Third
      Party Claim without the prior written consent of the Indemnified Party (which
      will not be unreasonably withheld).

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    13.5.4 If
      or to
      the extent that any of the conditions set forth in Section 13.5.2 is or becomes
      unsatisfied: (a) the Indemnified Party may defend against, and consent to the
      entry of any judgment or enter into any settlement with respect to, the Third
      Party Claim and any matter it may deem appropriate in its sole discretion and
      the Indemnified Party need not consult with, or obtain any consent from, any
      Indemnifying Party in connection therewith (but will keep the Indemnifying
      Party
      reasonably informed regarding the progress and anticipated cost thereof); (b)
      the Indemnifying Party will reimburse the Indemnified Party promptly and
      periodically for the cost of defending against the Third Party Claim (including
      attorneys’ fees and expenses); (c) the Indemnifying Party will remain
      responsible for any Losses the Indemnified Party may suffer that arise as a
      result of or incident to the Third Party Claim to the fullest extent provided
      in
      this Article 13; and (d) the Indemnifying Party shall be deemed to have waived
      any claim that its indemnification obligations should be reduced because of
      the
      manner in which counsel for the Indemnified Party handled the Third Party
      Claim.

     

    13.6 Determination
      of Losses.
      The
      parties shall take into account the time value of money (using the Applicable
      Rate as the discount rate) in determining Losses for purposes of this Article
      13.

     

    13.7 Other
      Indemnification Provisions.
      The
      indemnification provisions in this Article 13 are in addition to any statutory,
      equitable or common law remedy any party may have for breach of any
      representation, warranty or covenant. Any payments made to an Indemnified Party
      pursuant to this Article 13 shall be treated as an adjustment to the Purchase
      Price.

     

    13.8 Limitation
      on Liability.
      The
      indemnification obligations set forth in this Article 13 shall apply only after
      the aggregate amount of such obligations exceeds $25,000, at which time the
      indemnification obligations shall be effective as to all Losses, including
      the
      initial $25,000. In addition, the indemnification obligations set forth in
      this
      Article 13 shall be limited to an aggregate amount not to exceed the Purchase
      Price. However, the foregoing threshold and cap shall not apply to fraudulent
      misrepresentations or to indemnification obligations of Seller and the
      Shareholders relating to breaches of the representations and warranties in
      Section 6.1, 6.2, 6.3, 6.14, 6.16, 6.18, 6.19 or 6.20 or to indemnification
      pursuant to Section 13.2(d), for which in each case Buyer shall be entitled
      to
      indemnification for the full dollar amount of the Loss.

     

    ARTICLE
      14

     

    TERMINATION
      OF AGREEMENT

     

    14.1 Termination
      by Buyer.
      Buyer,
      by notice in the manner provided in Section 17.6 on or before the Closing Date,
      may terminate this Agreement if any of the conditions set forth in Article
      11
      shall not have been satisfied or in the event of a breach by Seller or any
      Shareholder in the observance or in the due and timely performance of any of
      the
      agreements or conditions contained in this Agreement on their part to be
      performed, and such breach shall not have been cured within 15 days after notice
      to Seller.

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    14.2 Termination
      by Seller.
      Seller,
      by notice in the manner provided in Section 17.6 on or before the Closing Date,
      may terminate this Agreement in the event of a breach by Buyer in the observance
      or in the due and timely performance of any of the covenants, agreements or
      conditions contained in this Agreement on its part to be performed, and such
      breach shall not have been cured within 15 days after notice to
      Buyer.

     

    14.3 Termination
      for Failure to Close.
      Either
      Buyer or Seller, by notice in the manner provided in Section 17.6, may terminate
      this Agreement if the Closing has not occurred on or before June 30, 2008;
      provided, however, that no party in default under this Agreement shall have
      the
      right to terminate pursuant to this Section 14.3.

     

    14.4 Effect
      of Termination.
      Termination of this Agreement pursuant to this Article 14 shall not in any
      way
      terminate, limit or restrict the rights and remedies of any party against any
      other party which has breached this Agreement before termination.

     

    ARTICLE
      15

     

    NONDISCLOSURE
      OF CONFIDENTIAL INFORMATION

     

    15.1 Nondisclosure
      by Seller and the Shareholders.
      Seller
      and the Shareholders acknowledge that they have had and may in the future have
      access to Confidential Information, that will as of the Closing be valuable,
      special and unique assets of Buyer. Seller and the Shareholders agree, at all
      times from and after the Closing, to, and shall cause their Affiliates,
      officers, directors, employees and agents to: (a) treat and hold as confidential
      (and not disclose or provide access to any Person or to use) any Confidential
      Information; (b) if Seller, any Shareholder or any such Affiliate, officer,
      director, employee or agent becomes legally compelled to disclose any such
      Confidential Information, provide Buyer with prompt written notice of such
      requirement so that Buyer may seek a protective order or other remedy; and
      (c)
      promptly furnish (prior to, at, or as soon as practicable after the Closing)
      to
      Buyer any and all copies (in whatever form or medium) of all such Confidential
      Information then in the possession of Seller, any Shareholder or any such
      Affiliate, officer, director, employee or agent and destroy any additional
      copies then in their possession of such information and of analyses,
      compilations, studies or other documents prepared, in whole or in part, on
      the
      basis thereof. This Section 15.1, however, shall not apply to: (i) any
      information that, at the time of disclosure, is available publicly and was
      not
      disclosed in breach of this Agreement by Seller, any Shareholder, or any of
      their Affiliates, officers, directors, employees or agents; or (ii) any
      information which is or relates to an Excluded Asset or relates to the
      liabilities retained by Seller under this Agreement. Seller and the Shareholders
      acknowledge and agree that Buyer’s remedies at Law for any breach or threatened
      breach of this Section 15.1 are inadequate, and that in addition to such
      remedies, Buyer shall be entitled to equitable relief, including injunctive
      relief and specific performance, in the event of any such breach or threatened
      breach without the need to demonstrate that monetary damages are
      inadequate.

     

    15.2 Nondisclosure
      by Buyer.
      Buyer
      acknowledges that it has had and prior to the Closing Date, will have access
      to
      certain Confidential Information. Buyer agrees, at all times from and prior
      to
      the Closing Date, to, and shall cause its Affiliates, officers, directors,
      employees and agents to: (a) treat and hold as confidential (and not disclose
      or
      provide access to any Person to or use) any Confidential Information; and (b)
      if
      Buyer or any such Affiliate, officer, director, employee or agent becomes
      legally compelled to disclose any such Confidential Information, provide Seller
      with prompt written notice of such requirement so that Seller may seek a
      protective order or other remedy. This Section 15.2, however, shall not apply
      to
      any information that, at the time of disclosure, is available publicly and
      was
      not disclosed in breach of this Agreement by Buyer or any of its Affiliates,
      officers, directors, employees or agents. Buyer acknowledges and agrees that
      Seller’s remedies at Law for any breach or threatened breach of this Section
      15.2 are inadequate, and that in addition to such remedies, Seller shall be
      entitled to equitable relief, including injunctive relief and specific
      performance, in the event of any such breach or threatened breach without the
      need to demonstrate that monetary damages are inadequate.

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    15.3 Equitable
      Relief for Violations.
      The
      parties agree that if any of them violates, or threatens to violate, the
      Restrictive Covenants, the non-violating party shall be entitled to an
      accounting and repayment of all profits, compensation, commissions,
      remuneration, or benefits that the violating party, directly or indirectly,
      realized or may realize as the result of, arising out of, or in connection
      with
      any such violation or threatened violation. The parties acknowledge and agree
      that if any party breaches any of the Restrictive Covenants, such breach would
      cause irreparable harm to the non-violating party and, in the event of such
      breach, the non-violating party shall be entitled, in addition to monetary
      damages and to any other remedies available to the non-violating party under
      this Agreement and at law, to equitable relief, including injunctive relief,
      and
      the payment by the violating party of all costs incurred by the non-violating
      party in enforcing the Restrictive Covenants, including reasonable attorneys’
fees.

     

    ARTICLE
      16

     

    
      DISPUTE
        RESOLUTION

    

     

    16.1 General.
      The
      parties agree that any disputes arising out of or related in any way to this
      Agreement, including a breach of this Agreement, shall, subject to the mediation
      provision set forth below, be filed exclusively in the state or federal courts
      in Clark County, Nevada. The parties consent and agree to the jurisdiction
      of
      the Nevada courts. Neither party will argue or contend that it is not subject
      to
      the jurisdiction of the Nevada courts or that venue in Clark County, Nevada,
      is
      improper. The parties agree to waive any right to a trial by jury in any such
      dispute and that the matter will be tried solely to the court. The parties
      understand that they are giving up valuable legal rights under this provision,
      including the right to trial by jury, and that they voluntarily and knowingly
      waive those rights.

     

    16.2 Mediation.
      If a
      dispute arises out of or relates to this Agreement, the relationships that
      result from this Agreement, the breach of this Agreement or the validity or
      application of any of the provisions of this Article 16, and, if the dispute
      cannot be settled through negotiation, the parties agree to submit the dispute
      to mediation prior to commencing litigation. The parties will attempt in good
      faith to agree on a neutral mediator to resolve the dispute. The mediation
      will
      follow the procedures set forth in the American Arbitration Association
      Commercial Mediation Rules. If the parties cannot agree on a mediator within
      20
      days after mediation has been demanded, they will submit the dispute for
      mediation to be administered by the American Arbitration Association under
      the
      Commercial Mediation Rules before resorting to litigation. Neither party may
      commence or pursue litigation until this non-binding mediation has been
      conducted and concluded. The parties agree that, upon initiating mediation,
      they
      will agree with the mediator on a time at least five days before the mediation
      to submit and exchange with one another detailed position papers. The position
      papers shall include a factual recitation of the dispute, each party’s position
      on the facts and the law, the party’s assessment of the likely outcome and
      its/their position on settlement. Each party will bear its own expenses incurred
      (including attorneys’ fees) in connection with the mediation, and will equally
      share the mediator’s fees and expenses.

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    16.3 Litigation.
      If the
      parties are unable to resolve their dispute by mediation, after the unsuccessful
      conclusion of any such mediation, either party may pursue the remedies available
      to it at law or equity; provided, that any such proceeding shall be subject
      to
      all of the terms of this Article 16, including jurisdiction, choice-of-law,
      venue and waiver of jury trial. Notwithstanding the foregoing, as of January
      1,
      2010, any controversy or claim arising out of or relating to this Agreement
      shall be governed by the laws of the State of Connecticut without giving effect
      to the principles of conflicts of Laws, and each party to this Agreement, on
      behalf of itself and its successors in interest and assigns, hereby submits
      to
      the exclusive jurisdiction of the federal and state courts located in the County
      of Fairfield, State of Connecticut, in connection with any dispute related
      to
      this Agreement or any of the matters contemplated hereby at such
      time.

     

    16.4 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the internal
      laws of the State of Nevada, without giving effect to any choice or conflict
      of
      law provision or rule (whether of the State of Nevada or any other jurisdiction)
      that would cause the application of the laws of any jurisdiction other than
      the
      State of Nevada. 

     

    16.5 Statute
      of Limitations.
      The
      statute of limitations governing any claim between the parties shall be tolled
      from the date of the Dispute Notice until the conclusion of the mediation
      required by Section 16.2.

     

    16.6 Attorneys’
      Fees.
      Should
      any litigation be commenced under this Agreement, the successful party in such
      litigation shall be entitled to recover, in addition to such other relief as
      the
      court may award, its reasonable attorneys’ fees, expert witness fees, litigation
      related expenses, and court or other costs incurred in such litigation or
      proceeding. For purposes of this clause, the term “successful party” means the
      net winner of the dispute, taking into account the claims pursued, the claims
      on
      which the pursuing party was successful, the amount of money sought, the amount
      of money awarded, and offsets or counterclaims pursued (successfully or
      unsuccessfully) by the other party. If a written settlement offer is rejected
      and the judgment or award finally obtained is equal to or more favorable to
      the
      offeror than an offer made in writing to settle, the offeror is deemed to be
      the
      successful party from the date of the offer forward.

     

    ARTICLE
      17

     

    GENERAL
      PROVISIONS

     

    17.1 Assignment.
      This
      Agreement may not be assigned (except by operation of Law) or otherwise
      transferred without the express written consent of Seller and Buyer (which
      may
      be granted or withheld in the sole and absolute discretion of Seller and Buyer);
      provided, however, that Buyer may assign this Agreement to an Affiliate of
      Buyer
      or any successor of Buyer to the Business without the consent of
      Seller.

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    17.2 Binding
      Effect; No Third Party Beneficiaries.
      This
      Agreement shall be binding upon and inure solely to the benefit of the parties
      hereto and their permitted assigns. Nothing in this Agreement is intended to
      or
      shall confer upon any other Person, including any employee or former employee
      of
      Seller, any legal or equitable right, benefit or remedy of any nature
      whatsoever, including any rights of employment for any specified
      period.

     

    17.3 Amendment.
      This
      Agreement may not be amended except by a written instrument executed by each
      party to this Agreement.

     

    17.4 Entire
      Agreement.
      This
      Agreement (together with the other agreements contemplated by this Agreement)
      is
      the final, complete and exclusive statement of the agreement among the parties
      with relation to the subject matter of this Agreement. There are no oral
      representations, understandings or agreements covering the same subject matter
      as this Agreement. This Agreement supersedes and cannot be varied, contradicted
      or supplemented by evidence of, any prior or contemporaneous discussions,
      correspondence, or oral or written agreements or arrangements of any
      kind.

     

    17.5 Counterparts.
      This
      Agreement may be executed in two or more original or facsimile counterparts,
      each of which shall be deemed an original and all of which together shall
      constitute but one and the same instrument.

     

    17.6 Notices.
      All
      notices or other communications required or permitted under this Agreement
      shall
      be in writing and may be given by depositing the same in the United States
      mail,
      addressed to the party to be notified, postage prepaid and registered or
      certified with return receipt requested, by overnight courier, or by delivering
      the same in person to such party, addressed as follows:

     

    If
      to
      Seller or the Mr. Medick, addressed to them at:

     

    
      	
              James
                Medick

            
	
              2014 Country Cove Court

            
	
              Las Vegas, Nevada 89135

            
	
              Fax: 

            

    

    

    If
      to the
      other Shareholders, addressed to them at:

    

    Michael
      France

    

    Edward
      Wilson

    

    and
      a
      copy to:

     

    Fennemore
      Craig, P.C.

    300
      South
      4th
      Street

    Suite
      1400

    Las
      Vegas, Nevada 89101

    Attn:
      David G. LeGrand

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    If
      to
      Buyer, addressed to it at:

     

    Market
      & Research Corp.

    10
      Wright
      Street, Suite 220

    Westport,
      Connecticut 06880

    Attn:
      Martin C. Licht

    Fax:
      (203) 226-6508

    

    with
      a
      copy to:

     

    Robinson
      & Cole LLP

    695
      East
      Main Street

    Stamford,
      CT 06904

    Attn:
      Eric Dale & Richard Krantz

    Fax:
      (203) 462-7599

     

     

    Notice
      shall be deemed given and effective the day personally delivered, the day sent
      by overnight courier, subject to signature verification, and the day of deposit
      in the U.S. mail of a writing addressed and sent as provided above. Any party
      may change the address for notice by notifying the other parties of such change
      in accordance with this Section.

     

    17.7 Waiver.
      At any
      time before the Closing, Buyer may (a) extend the time for the performance
      of
      any of the obligations or other acts of Seller or the Shareholders, (b) waive
      any inaccuracies in the representations and warranties of Seller or the
      Shareholders contained in this Agreement or in any document delivered by Seller
      or the Shareholders pursuant hereto, or (c) waive compliance with any of the
      agreements or conditions of Seller or the Shareholders contained in this
      Agreement. At any time before the Closing, Seller and the Shareholders may
      (a)
      extend the time of performance of any of the obligations or other acts of Buyer,
      (b) waive any inaccuracies in the representations and warranties of Buyer
      contained in this Agreement or in any document delivered by Buyer pursuant
      hereto, or (c) waive compliance with any of the agreements or conditions of
      Buyer contained in this Agreement. No delay of or omission in the exercise
      of
      any right, power or remedy accruing to any party as a result of any breach
      or
      default by any other party under this Agreement shall impair any such right,
      power or remedy, nor shall it be construed as a waiver of or acquiescence in
      any
      such breach or default, or of or in any similar breach or default occurring
      later. No waiver of any single breach or default shall be deemed a waiver of
      any
      other breach or default occurring before or after that waiver.

     

    17.8 Severability.
      If any
      provision of this Agreement shall be invalid, illegal or unenforceable, it
      shall, to the extent possible, be modified in such manner as to be valid, legal
      and enforceable but so as most nearly to retain the intent of the parties.
      If
      such modification is not possible, such provision shall be severed from this
      Agreement. In either case the validity, legality and enforceability of the
      remaining provisions of this Agreement shall not in any way be affected or
      impaired thereby.

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    17.9 Construction.
      The
      headings in this Agreement are inserted for convenience only, and shall not
      constitute a part of this Agreement or be used to construe or interpret any
      of
      its provisions. The parties have participated jointly in negotiating and
      drafting this Agreement. If a question of interpretation arises, this Agreement
      shall be construed as if drafted jointly by the parties, and no presumption
      or
      burden of proof shall arise favoring or disfavoring any party by virtue of
      the
      authorship of any provision of this Agreement. Any reference to any statute
      shall be deemed to refer to the statute, as amended, and to all rules and
      regulations promulgated thereunder, as amended, unless the context requires
      otherwise. The word “include” or “including” means include or including, without
      limitation. The representations, warranties and covenants in this Agreement
      shall have independent significance. Accordingly, if any party has breached
      any
      representation, warranty or covenant contained in this Agreement in any respect,
      the fact that there exists another representation, warranty or covenant relating
      to the same subject matter (regardless of the relative levels of specificity)
      that the party has not breached shall not detract from or mitigate the fact
      the
      party is in breach of the first representation, warranty or
      covenant.

     

    17.10 Expenses
      of Transaction.
      Whether
      or not the Transactions are consummated: (a) Buyer will pay the fees, expenses
      and disbursements of Buyer and its representatives incurred in connection with
      this Agreement; and (b) Seller will pay the fees, expenses and disbursements
      of
      Seller, the Shareholders and their respective representatives incurred in
      connection with this Agreement. Seller shall pay all such fees, expenses and
      disbursements before the Closing so that the Assets will not be charged with
      or
      diminished thereby.

     

    17.11 No
      Brokers.
      Seller
      and the Shareholders represent and warrant to Buyer and Buyer represents to
      Seller and the Shareholders that the warranting party has had no dealings with
      any broker, agent or other Person so as to entitle such Person to a commission
      or fee in connection with the Transactions. If for any reason a commission
      or
      fee becomes or is claimed to be due with respect to dealings by Buyer, Buyer
      shall indemnify and hold harmless Seller and the Shareholders from all Losses
      relating to such claim. If for any reason a commission or fee becomes or is
      claimed to be due with respect to dealings by Seller or any Shareholder, Seller
      and the Shareholders, jointly and severally, shall indemnify and hold harmless
      Buyer from all Losses relating to such claim.

     

    17.12 Time
      of the Essence.
      Time is
      of the essence of this Agreement.

     

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        26

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, Seller, the Shareholders and Buyer have caused this Agreement
      to be executed as of the date first written above by their respective duly
      authorized officers.

     

    
      	
              BUYER:

            
	 
	
              Market
                & Research Corp.

            
	 	 
	
              By:

            	
               

            
	
              Name:

            	
               

            
	
              Its:

            	
               

            
	 	 
	 	 
	
              SELLER:

            
	 
	
              Precision
                Opinion, Inc.,

            
	 	 
	 	 
	
              By:

            	
               

            
	
              Name:
                

            	
              James
                Medick

            
	
              Its:
                

            	
              President

            
	 	 
	 	 
	
              SHAREHOLDERS:

            
	 	 
	 	 
	
               

            
	
              James
                Medick

            
	 	 
	 	 
	
               

            
	
              Edward
                Wilson

            
	 	 
	 	 
	
               

            
	
              Michael
                France

            

    

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    INDEX
      OF EXHIBITS AND SCHEDULES

     

    
      	
              Exhibit
                A

            	
              Definitions

            
	
              Exhibit
                B

            	
              Allocation
                of Purchase Price

            
	
              Exhibit
                C

            	
              General
                Conveyance, Assignment and Bill of Sale

            
	
              Exhibit
                D

            	
              Seller’s
                Secretary’s Certificate and Unanimous Written Consent in Lieu of a Meeting
                of the Board of Directors and Shareholders of Seller

            
	
              Exhibit
                E

            	
              Form
                of Opinion of Seller’s/Shareholders’ Counsel

            
	
              Exhibit
                F

            	
              Form
                of Covenant Not to Compete Agreement

            
	
              Exhibit
                G

            	
              Form
                of Seller’s and Shareholders’ Closing Certificate

            
	
              Exhibit
                H

            	
              Non-Foreign
                Affidavit

            
	
              Exhibit
                I

            	
              Form
                of Buyer’s Closing Certificate

            
	
              Exhibit
                J

            	
              Survey
                Requirements

            
	 	 
	
              Schedule
                2.1.1

            	
              Permits

            
	
              Schedule
                2.1.2

            	
              Equipment

            
	
              Schedule
                2.1.3

            	
              Customer
                Contracts and Employee Contracts

            
	
              Schedule
                2.1.8

            	
              Office
                Equipment

            
	
              Schedule
                2.1.9

            	
              Systems

            
	
              Schedule
                3.5

            	
              Accounts
                Receivable as of the Closing Date

            
	
              Schedule
                6.3(c)

            	
              Consents
                and Defaults

            
	
              Schedule
                6.4

            	
              Governmental
                Consents

            
	
              Schedule
                6.5

            	
              Financial
                Statements

            
	
              Schedule
                6.7.1

            	
              Intellectual
                Property Rights

            
	
              Schedule
                6.8.2

            	
              Tangible
                Personal Property Leases

            
	
              Schedule
                6.9.3

            	
              Consents

            
	
              Schedule
                6.10

            	
              Insurance
                and Workers’ Compensation

            
	
              Schedule
                6.11

            	
              Employees

            
	
              Schedule
                6.13

            	
              Governmental
                Orders

            
	
              Schedule
                6.14

            	
              W-9
                Form

            
	
              Schedule
                6.15

            	
              Litigation

            
	
              Schedule
                6.16

            	
              Price
                Redetermination Contracts

            
	
              Schedule
                6.17

            	
              Ordinary
                Course of Business

            
	
              Schedule 6.18.1

            	
              Permits
                Requiring Consents

            
	
              Schedule
                6.21

            	
              Restrictive
                Agreements

            
	
              Schedule
                6.22.2

            	
              Leased
                Real Property

            

    

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

     

    “Accounts
      Receivable”
means
      all contracts, receivables, notes and other amounts receivable from customers
      arising from the operation of the Business before the Closing Date, whether
      or
      not in the ordinary course and whether or not billed before the Closing Date,
      together with any unpaid financing charges accrued thereon.

     

    “Action”
means
      any claim, action, suit, formal or informal arbitration or mediation, inquiry,
      proceeding or investigation by or before any Governmental Authority or private
      authority.

     

    “Affiliate”
means,
      with respect to any specified Person, any other Person that directly, or
      indirectly through one or more intermediaries, controls, is controlled by,
      or is
      under common control with, such specified Person.

     

    “Agreement”
means
      this Purchase and Sale of Assets Agreement among Buyer, Seller and the
      Shareholders (including the Exhibits and the Disclosure Schedules), and all
      amendments to this Agreement made in accordance with Section 17.3.

     

    “Applicable
      Rate”
means
      an annual rate equal to the prime rate then generally in effect on the date
      of
      payment as set forth in The
      Wall Street Journal.

     

    “Assets”
has
      the
      meaning specified in Section 2.1.

     

    “Assignment,
      Assumption and Consent to Leased Land”
means
      an assignment of all of Seller’s rights, title and interest under the Real
      Estate Lease(s) for the Land upon the same terms and conditions without any
      changes thereto, containing the consent of the landlord, if required, and
      appropriate estoppel language if possible.

     

    “Bankruptcy
      Code”
means
      Title 11 of the United States Code.

     

    “Bill
      of Sale”
means
      a
      General Conveyance, Assignment and Bill of Sale.

     

    “Business”
has
      the
      meaning specified in Recital A.

     

    “Buyer”
has
      the
      meaning specified in the introductory paragraph of the Agreement.

     

    “CERCLA”
means
      the Comprehensive Environmental Response, Compensation and Liability Act of
      1980.

     

    “CERCLIS”
means
      the Comprehensive Environmental Response, Compensation and Liability Information
      System, as updated through the date of this Agreement and the Closing
      Date.

     

    “Claim
      Notice”
means
      a
      notice of claim for indemnification pursuant to Article 13.

     

    “Closing”
has
      the
      meaning specified in Section 4.1.

     

    “Closing
      Date”
means
      the date on which the Closing occurs.

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

    “Code”
means
      the Internal Revenue Code of 1986, as amended.

     

    “Confidential
      Information”
means
      confidential information of Seller and the Business, including customer and
      supplier lists, operation policies and methods, pricing and cost policies,
      marketing plans, and other confidential information.

     

    “Consents”
means
      those authorizations, consents, waivers, orders, approvals and clearances of
      Governmental Authorities and officials and other Persons which are necessary
      for
      the sale and transfer to Buyer of the Assets or the consummation of the
      Transactions (including the continuation of Customer Contracts) where the
      approval of any other Person may be required.

     

    “Customer
      Contracts”
means
      all contractual rights of Seller with Seller’s customers (whether oral or in
      writing) relating to the operation of the Business, including all service
      agreements, customer contracts and routes.

     

    “Debt
      Payment Limit”
has
      the
      meaning specified in Section 3.1.4.

     

    “Disclosure
      Schedules”
means
      the Disclosure Schedules that shall be prepared by Seller and the Shareholders
      and delivered to Buyer and attached to the Agreement.

     

    “Dispute
      Notice”
means
      a
      notice disputing the propriety or amount of a Claim Notice.

     

    “DOJ”
means
      the Antitrust Division of the United States Department of Justice.

     

    “Employee
      Contracts”
means
      all collective bargaining agreements with any union and all employment
      agreements entered into by Seller.

     

    “Encumbrance”
means
      any security interest, pledge, mortgage, deed of trust, lien (including
      Environmental and Tax liens), charge, judgment, encumbrance, adverse claim,
      claim arising under Section 506(c) of the Bankruptcy Code, preferential
      arrangement, fraudulent transfer or other avoidance claim or restriction of
      any
      kind, including any restriction on the use, voting, transfer, receipt of income
      or other exercise of any attributes of ownership, and any lien, interest,
      restriction or limitation arising from or relating to personal or other property
      tax, sales and transaction privilege, claim of successor liability for any
      alleged unpaid sales or other tax, and any other lien or assessment of any
      Governmental Authority, whether or not allowable, recorded or
      contingent.

     

    “Environment”
or
      “Environmental”
means
      matters relating to surface waters, groundwaters, soil, subsurface strata and
      ambient air.

     

    “Environmental
      Law(s)”
means
      any Law and any judicial or administrative interpretation thereof, including
      any
      judicial or administrative order, consent decree or judgment, relating to the
      Environment, health, safety or Hazardous Materials, including CERCLA; the
      Resource Conservation and Recovery Act; the Hazardous Materials Transportation
      Act; the Clean Water Act; the Toxic Substances Control Act; the Clean Air Act;
      the Safe Drinking Water Act; the Atomic Energy Act; the Federal Insecticide,
      Fungicide and Rodenticide Act; and the Federal Food, Drug and Cosmetic Act;
      and
      the state or local equivalents of these laws.

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

    

    “Environmental
      Permits”
means
      all Permits and identification numbers required under any applicable
      Environmental Law.

     

    “Equipment”
means
      all containers and other pieces of equipment used or for use in the Business
      and
      owned or leased by Seller.

     

    “ERISA”
means
      the Employee Retirement Income Security Act of 1974.

     

    “Excluded
      Assets”
has
      the
      meaning specified in Section 2.2.

     

    “FCC”
means
      the United States Federal Communications Commission.

     

    “Financial
      Statements”
and
      “Financial
      Statement Date”
have
      the meanings specified in Section 6.5.

     

    “FTC”
means
      the United States Federal Trade Commission.

     

    “Governmental
      Authority”
means
      the FTC or the DOJ or any other United States federal, state or local or any
      foreign government, governmental, regulatory or administrative authority, agency
      or commission or any court, tribunal, or judicial or arbitral body.

     

    “Governmental
      Order”
means
      any order, writ, judgment, injunction, decree, stipulation, determination or
      award entered by or with any Governmental Authority.

     

    “Handled”
means
      owned, leased, had an interest in, collected, generated, transported, stored,
      handled, recycled, reclaimed, processed, disposed of, or contracted for the
      disposal of.

     

    “Hart-Scott-Rodino
      Act”
means
      the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
      amended.

     

    “Hazardous
      Materials”
means:
      (a) petroleum and petroleum products, radioactive materials, asbestos in any
      form that is or could become friable, urea formaldehyde foam insulation,
      transformers or other equipment that contain polychlorinated biphenyls, and
      radon gas; or (b) any other chemicals, materials or substances defined as or
      included in the definition of “hazardous materials,” “hazardous wastes,”
“hazardous substances,” “extremely hazardous wastes,” “restricted hazardous
      wastes,” “toxic substances,” “toxic wastes,” “toxic pollutants,” “contaminants,”
“pollutants,” “infectious wastes,” “medical wastes,” “radioactive wastes,”
“sewage sludges” or words of similar import under any applicable
      Law.

     

    “include”
or
      “including”
has
      the
      meaning specified in Section 17.9.

     

    “Indemnified
      Party”
means
      a
      party seeking indemnification pursuant to Article 13.

     

    “Indemnifying
      Party”
means
      a
      party from whom indemnification is sought pursuant to Article 13.

     

    “Initial
      Payment”
shall
      have the meaning set forth in Section 3.1.

    
      
        
        

      

      
        A-3

        
          

        

      

      
        
        

      

    

    “Intellectual
      Property Rights”
means
      all the right, title and interest of Seller and the Shareholders in, to and
      under all trademarks, trade names, service marks, copyrights, patents,
      inventions, designs, industrial designs, trade secrets, royalties, secret
      processes, formulae, and all applications, registrations, renewals and other
      rights relating to the foregoing (whether or not any registration or filing
      has
      been made with respect thereto).

     

    “Inventory”
means
      all parts, tires, supplies and accessories of every kind, nature and description
      used or for use in the Business and owned by Seller on the Closing
      Date.

     

    “IRS”
means
      the Internal Revenue Service of the United States.

     

    “Law”
means
      any federal, state, local or foreign statute, law, ordinance, regulation, rule,
      code, Governmental Order, requirement or rule of common law, including any
      Environmental Law.

     

    “Leased
      Real Property”
means
      all of Seller’s leasehold interest in and to the real property leased by Seller,
      as tenant, and improvements thereon that are the subject of any Real Estate
      Lease.

     

    “Leasehold
      Premises” is the office space leased by Buyer pursuant to its Real Estate
      Lease.

     

    “Liabilities”
means
      all debts, liabilities and obligations, whether legal or equitable, accrued
      or
      fixed, absolute or contingent, matured or unmatured, determined or determinable,
      foreseen or unforeseen, ordinary or extraordinary, patent or latent, including
      those arising under any Law (including any Environmental Law) or Action and
      those arising under any contract, agreement, arrangement, commitment or
      undertaking.

     

    “Losses”
means
      Liabilities, claims, damages, Actions, demands, assessments, adjustments,
      penalties, losses, costs and expenses whatsoever (including court costs,
      reasonable attorneys’ fees and expenses of investigation), whether equitable or
      legal, matured or contingent, known or unknown, foreseen or unforeseen, ordinary
      or extraordinary, patent or latent.

     

    “Material
      Adverse Effect”
means
      any circumstance, change in, or effect on, the Assets or the Business that,
      individually or in the aggregate with any other circumstances, changes in,
      or
      effects thereon: (i) is or could reasonably be expected to be materially adverse
      to the Assets or to the business, financial condition, assets or Liabilities
      (including contingent Liabilities), customer or supplier relationships,
      prospects, value, results of operations or the condition (financial or
      otherwise) of the Business; or (ii) could reasonably be expected to materially
      adversely affect the ability of Buyer to use the Assets or operate the Business
      in the manner in which they are currently used or operated by
      Seller.

     

    “Noncompetition
      Agreement”
has
      the
      meaning specified in Section 4.2.5.

     

    “Office
      Equipment”
means
      all pieces of office equipment and furniture used or for use in the Business
      and
      owned or leased by Seller.

    
      
        
        

      

      
        A-4

        
          

        

      

      
        
        

      

    

    “Owned
      Real Property”
means
      the real property owned by Seller, including all credits, buildings, fixtures,
      personalty and improvements located thereon, easements, interests, rights,
      tenements, hereditaments, and appurtenances held by Seller that in any way
      benefit the Land or the improvements thereon or related to the Business, all
      mineral, water, and irrigation rights, and Seller’s interests in any roadway
      adjoining the Land and any rights or interests that may accrue to the benefit
      of
      Seller or the Land as a result of the abandonment thereof.

     

    “Permits”
means
      all permits, licenses, franchises, consents and approvals of every kind
      necessary to operate the Business.

     

    “Permitted
      Encumbrances”
means
      the following: (a) zoning ordinances and regulations that do not, in Buyer’s
      sole judgment, adversely affect Buyer’s use of the Owned Real Property for its
      current uses after the Closing; (b) real estate Taxes and assessments, both
      general and special, which are a lien but are not yet due and payable at the
      Closing Date; and (c) easements, Encumbrances, covenants, conditions,
      reservations and restrictions of record, if any, as have been approved in
      writing by Buyer before the Closing Date.

     

    “Person”
means
      any individual, partnership, firm, corporation, limited liability company,
      association, trust, unincorporated organization, Governmental Authority or
      other
      entity.

     

    “Plan”
means:
      (i) any employee benefit plan, employee welfare benefit plan, employee benefit
      pension plan, multi-employer plan or multiple-employer welfare arrangement
      (within the meaning of Section 3 of ERISA) and all bonus, stock option, stock
      purchase, restricted stock, incentive, deferred compensation, retiree medical,
      dental or life insurance, supplemental retirement, severance or other benefit
      plans, programs or arrangements, and all employment, termination, severance,
      “golden parachute” or other contracts or agreements, formal or informal, legally
      binding or not, with respect to which Seller is a party, with respect to which
      Seller has or could have any obligation (whether primary or secondary) or which
      are maintained, contributed to or sponsored by Seller or any member of its
      controlled group of organizations within the meaning of Section 414 of the
      Code
      for the benefit of any current or former employee, officer or director of
      Seller; and (ii) each employee benefit plan for which Seller could incur
      Liability under Section 4069 of ERISA if such plan were terminated, or under
      Section 4212(c) of ERISA, or in respect of which Seller remains secondarily
      liable under Section 4204 of ERISA.

     

    “Purchase
      Price”
has
      the
      meaning specified in Section 3.1.

     

    “Real
      Estate Lease(s)”
means
      all leases and subleases for Leased Real Property.

     

    “Release”
means
      disposing, discharging, injecting, spilling, leaking, leaching, dumping,
      emitting, escaping, emptying, seeping, placing or otherwise releasing into,
      upon
      or under any land, water or air or otherwise entering into the
      Environment.

     

    “Restrictive
      Agreements”
mean
      any noncompetition or nonsolicitation agreements related to the Business,
      regardless of whether such agreements restrict or benefit Seller or the
      Business.

     

    “Restrictive
      Covenants”
means
      the covenants set forth in Article 15.

     

    “Revenue
      Shortfall”
has
      the
      meaning specified in Section 6.19.

    
      
        
        

      

      
        A-5

        
          

        

      

      
        
        

      

    

    “Seller”
has
      the
      meaning specified in the introductory paragraph of the Agreement.

     

    “Seller
      Debt”
means
      all indebtedness and other Liabilities of Seller for borrowed money, including
      the current and long-term portions of bank debt, mortgages, shareholder loans
      or
      notes payable, other notes or loans payable, any amounts due to Buyer or its
      Affiliates, and remaining payments on capitalized and non-capitalized leases.
      “Seller Debt” includes any and all amounts necessary to retire such indebtedness
      and Liabilities, including principal or scheduled payments, interest or finance
      charges, and other fees or payments necessary to retire the indebtedness at
      closing.

     

    “Shareholders”
has
      the
      meaning specified in the introductory paragraph of the Agreement.

     

    “Systems”
means
      all manual and automated computer, billing and accounting systems and components
      thereof, including all transferable software and transferable programs used
      or
      for use in the Business.

     

    “Tax”
or
      “Taxes”
means
      any and all taxes, fees, levies, duties, tariffs, imposts, and other charges
      of
      any kind (together with any and all interest, penalties, additions to tax and
      additional amounts imposed with respect thereto) imposed by any Governmental
      Authority or taxing authority, including: taxes or other charges on or with
      respect to income, franchises, windfall or other profits, gross receipts,
      property, minimum, alternative minimum, estimated, sales, use, capital stock,
      payroll, employment, social security, workers’ compensation, unemployment
      compensation, or net worth; taxes or other charges in the nature of excise,
      withholding, ad valorem, stamp, transfer, value added, or gains taxes; license,
      registration and documentation fees; and customs duties, tariffs, and similar
      charges.

     

    “Third
      Party Claim”
means
      any claim by a third party that may give rise to a claim for indemnification
      against any Indemnifying Party.

     

    “to
      the
      best of Seller’s knowledge”
has
      the
      meaning specified in Article 6.

     

    “Transactions”
means
      the transactions contemplated by this Agreement.

    
      
        
        

      

      
        A-6

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

     

    ALLOCATION
      OF PURCHASE PRICE

    
      
        
        

      

      
        B-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      C

     

    GENERAL
      CONVEYANCE, ASSIGNMENT AND BILL OF SALE

     

    Effective
      as of ________, ________________, a(n) ________ ________ (“Grantor”), for good
      and valuable consideration and pursuant to that Purchase and Sale of Assets
      Agreement dated as of ________ (the “Purchase Agreement”), among Market &
Research Corp., (“Grantee”), Grantor, and _____________, the sole shareholders
      of Grantor, hereby sells, assigns, transfers, conveys and delivers to Grantee
      all of Grantor’s right, title and interest in all of the Assets (except for the
      Excluded Assets).

     

    TO
      HAVE
      AND TO HOLD all such Assets unto Grantee and its successors and assigns to
      and
      for its or their use forever.

     

    Grantor
      shall execute and deliver, at the request of Grantee, such further instruments
      of transfer, and shall take or cause to be taken such other or further actions,
      as shall reasonably be requested for purposes of carrying out the
      Transactions.

     

    This
      General Conveyance, Assignment and Bill of Sale is delivered pursuant to Section
      4.2.1 of the Purchase Agreement and shall be construed consistently with the
      Purchase Agreement. Capitalized terms used in this instrument shall have the
      meanings given them in the Purchase Agreement.

     

    IN
      WITNESS WHEREOF, Grantor has executed and delivered this General Conveyance,
      Assignment and Bill of Sale effective as of the date first above
      written.

     

    
      	
              Grantor:

            	
               

            
	 	 	 
	 	 	 
	 	
              By:

            	
               

            
	 	
              Name:

            	
               

            
	 	
              Its:

            	
               

            

    

    
      
        
        

      

      
        C-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      D

     

    SELLER’S
      SECRETARY’S CERTIFICATE

     

    The
      undersigned, being the duly elected, qualified and acting Secretary of
      ____________________, a ________ corporation (the “Corporation”), certifies
      that:

     

    1. Attached
      as Exhibit
      A
      is a
      true and correct copy of resolutions adopted by the Corporation and its
      shareholders relating to the Purchase and Sale of Assets Agreement (the
“Agreement”) among the Corporation, the Corporation’s shareholders, and
      ____________________, a ________ ________, and the transactions contemplated
      thereby. Such resolutions have not been amended or rescinded, and are in full
      force and effect on the date of this Certificate.

     

    2. The
      persons whose names and signatures appear below are duly authorized by the
      Corporation to execute all documents and agreements contemplated by the
      Agreement, and the signatures set forth opposite each person’s name is such
      person’s own genuine signature:

     

    
      	
              Name

            	 	
              Title

            	 	
              Signature

            
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

    

    

    IN
      WITNESS WHEREOF, the undersigned has executed this Certificate this ___ day
      of
      ________, ____.

     

    
      	  

	
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                             

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            	
              ,
                Secretary

            

    

    
      
        
        

      

      
        D-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

     

    ___________________________,
      INC.

     

    UNANIMOUS
      WRITTEN CONSENT IN LIEU OF A MEETING

    OF
      THE BOARD OF DIRECTORS AND SHAREHOLDERS

     

    Pursuant
      to §§ ________ [insert
      sections relating to unanimous written consent of board and shareholders under
      applicable state corporate law]
      of the
      ___________________ [insert
      name of applicable state corporate law],
      the
      undersigned, being all of the members of the Board of Directors (the “Board”)
      and all of the shareholders (the “Shareholders”) of ____________________, a
      ________ corporation (the “Corporation”), adopt by this unanimous written
      consent the following resolutions with the same force and effect as if they
      were
      unanimously adopted at a duly convened meeting of the Board and a duly convened
      meeting of the Shareholders:

     

    I. RECITALS

     

    WHEREAS,
      the
      Corporation desires to sell certain of its assets pursuant to the Purchase
      and
      Sale of Assets Agreement (the “Agreement”) among the Corporation,
      ______________, a ________ ________, and the Shareholders; and

     

    WHEREAS,
      the
      Corporation, through its Board and Shareholders, desires to approve, authorize
      and direct certain actions to be taken relating to the Agreement and the
      transactions contemplated thereby.

     

    II. APPROVAL
      OF AGREEMENT

     

    NOW,
      THEREFORE, BE IT RESOLVED,
      that the
      Board adopts and approves, and recommends to the Shareholders the adoption
      and
      approval of, the transactions contemplated by the Agreement and the terms and
      provisions of the Agreement in the form presented to the Board, believing that
      the terms thereof are fair to and in the best interest of the Corporation and
      the Shareholders; and

     

    FURTHER
      RESOLVED,
      that the
      Shareholders adopt and approve the transactions contemplated by the Agreement
      and the terms and provisions of the Agreement in the form presented to the
      Shareholders, believing that the terms thereof are fair to and in the best
      interest of the Corporation and the Shareholders; and

     

    FURTHER
      RESOLVED,
      that the
      President, any Vice President, and the Secretary of the Corporation, and each
      of
      them acting alone (each an “Authorized Officer”), are authorized and directed to
      execute and deliver in the name and on behalf of the Corporation, and to cause
      the Corporation to perform its obligations under, the Agreement and such other
      agreements and documents as are contemplated thereby, with such changes therein
      and additions thereto as any Authorized Officer may approve or deem to be
      necessary, appropriate or advisable, the execution thereof by such officer
      to be
      conclusive evidence of the approval by him or her of such changes and additions,
      and to perform all other acts that may be necessary in connection
      therewith.

    
      
        
        

      

      
        D-2

        
          

        

      

      
        
        

      

    

    III. MISCELLANEOUS
      MATTERS

    

    NOW,
      THEREFORE, BE IT RESOLVED,
      that all
      actions previously taken on behalf of the Corporation by any officer or director
      of the Corporation in connection with any of the foregoing matters are ratified
      and confirmed in all particulars as the acts of the Corporation;
      and

     

    FURTHER
      RESOLVED,
      that the
      Board and Shareholders unanimously adopt and approve any and all additional
      resolutions necessary or desirable to implement and effect the transactions
      contemplated by the Agreement or by the foregoing resolutions, such resolutions
      to be in a form and content prepared and filed by any Authorized Officer with
      these resolutions; and

     

    FURTHER
      RESOLVED,
      that the
      Authorized Officers, and each of them acting alone, are authorized and directed,
      in the name and on behalf of the Corporation, to take all actions, including
      seeking all requisite consents and approvals, if any, from third parties or
      under applicable law, that any of them considers necessary, appropriate or
      advisable to effectuate each of the foregoing resolutions and to carry out
      the
      purposes thereof or otherwise to effectuate any transactions contemplated by
      the
      Agreement, the taking of any such action or the execution of any such agreement,
      instrument or document by such officer conclusively to evidence the due
      authorization thereof by the Corporation; and

     

    FURTHER
      RESOLVED,
      that the
      Authorized Officers, and each of them acting alone, are authorized and directed,
      in the name and on behalf of the Corporation, to take or cause to be taken
      any
      and all further actions and to execute and deliver, or cause to be executed
      and
      delivered, all such further agreements and such further documents, certificates,
      applications, notices, and undertakings, and to incur all such fees and
      expenses, as in their judgment shall be necessary, appropriate or advisable
      to
      carry into effect the purpose and intent of the foregoing resolutions; and
      

     

    FURTHER
      RESOLVED,
      that
      these resolutions may be executed in counterparts; and

     

    FURTHER
      RESOLVED,
      that in
      furtherance of the foregoing resolutions, the Corporation’s Secretary or
      Assistant Secretary is authorized to join in the execution of, attest to and/or
      affix the Corporation’s seal to, any document, agreement, certificate or
      instrument executed by any Authorized Officer.

     

    Dated
      ________, ____.

     

    
      	
              DIRECTORS:

            	 	
              SHAREHOLDERS:

            
	 	 	 
	
               

            	
               

            	 	
               

            	
               

            
	
               

            	
               

            	
            	 
	
               

            
	 	 	 	 	 
	
               

            	
               

            	 	
               

            	
               

            
	
               

            	
               

            	 	
               

            	
               

            

    

    
      
        
        

      

      
        D-3

        
          

        

      

      
        
        

      

    

    EXHIBIT
      E

     

    FORM
      OF OPINION OF SELLER’S/SHAREHOLDERS’ COUNSEL

     

    Market
      & Research Corp.

     

    
      	 	
              Re:

            	
              Acquisition
                of Assets of Precision Opinion, Inc. (“Seller”), by Market & Research
                Corp (“Buyer”)

            

    

     

    Ladies
      and Gentlemen:

     

    We
      have
      acted as counsel to Seller in connection with the Transactions, as set forth
      in
      the Purchase and Sale of Assets Agreement among Buyer, Seller and the
      Shareholders executed as of ________ (the “Agreement”). You have requested our
      opinion with respect to the matters set forth herein pursuant to Section 4.2.4
      of the Agreement. As used herein, the term “Agreement” means the Agreement and
      all exhibits and schedules thereto. Unless otherwise defined herein or unless
      the context otherwise requires, all capitalized terms used herein shall have
      the
      meanings set forth in the Agreement.

     

    For
      purposes of this opinion, we have examined such questions of law and fact as
      we
      have deemed necessary or appropriate and have examined originals, certified
      copies or copies otherwise identified as true copies of the
      following:

     

    (a) The
      Agreement;

     

    (b) The
      Articles of Incorporation and the Bylaws of Seller;

     

    (c) A
      Certificate of Good Standing with respect to Seller from the _______________
      dated ________; and

     

    (d) Certified
      resolutions of the Board of Directors and Shareholders of Seller adopted on
      ________.

     

    [Also
      list other documents, if any, reviewed.]

     

    In
      addition, we have examined such other records, agreements, documents and other
      instruments of Seller and the Shareholders and such certificates or comparable
      documents of public officials and of officers and representatives of Seller
      and
      the Shareholders as we deemed necessary or appropriate for purposes of rendering
      the opinions set forth below. As to the various questions of fact material
      to
      our opinions, we have relied upon the representations and warranties of Seller
      and the Shareholders contained in the Agreement and in various officer’s
      certificates, and other representations, warranties and statements made by
      representatives of Seller and the Shareholders, all of which representations,
      warranties and statements we have assumed to be true and correct in all respects
      as of the date hereof.

    
      
        
        

      

      
        E-1

        
          

        

      

      
        
        

      

    

    We
      have
      further assumed: (i) the genuineness and authenticity of all documents examined
      by us and all signatures thereon not witnessed by us and the conformity to
      originals of all copies of all documents examined by us; (ii) that the
      execution, delivery and acceptance of the Agreement and all documents,
      contracts, agreements, certificates and other materials (collectively, the
      “Agreements”) in connection with the Transactions have been duly authorized by
      all action, corporate or otherwise, necessary by the parties to those Agreements
      other than Seller and the Shareholders (those other parties collectively
      referred to as the “Other Parties”); (iii) the legal capacity of all natural
      persons executing the Agreements; (iv) that the Other Parties have obtained
      all
      necessary consents, authorizations, approvals, permits or certificates
      (governmental and otherwise) which are required as a condition to the execution
      and delivery of the Agreements by the Other Parties and to the consummation
      by
      the Other Parties of the Transactions; (v) that the Agreements constitute legal,
      valid and binding obligations of the Other Parties under the laws of all
      applicable jurisdictions; (vi) that the Agreements accurately describe and
      contain the mutual understanding of the parties, and that there are no oral
      or
      written statements or agreements that modify, amend or vary, or purport to
      modify, amend or vary, any of the terms thereof; (vii) that the Other Parties
      will act in a commercially reasonable manner and in accordance with all legal
      requirements in enforcing their rights under the Agreements; (viii) that the
      laws of the State of Nevada chosen by the parties to govern the Agreement will
      govern such agreement and that the result of the application of Nevada law
      will
      not be contrary to a fundamental policy of the law of any other state with
      which
      the parties may have contact in connection with the transactions contemplated
      thereby; and (ix) that the laws of the State of Nevada are identical in all
      respects to the laws of the State of ________. Except with respect to item
      (ix)
      above, we are not aware of any matter that would make us believe that any of
      the
      assumptions set forth above is invalid.

     

    We
      are
      qualified to practice law in the State of Nevada. We express no opinion as
      to,
      and for the purposes of the opinions set forth herein, we have conducted no
      investigation of, and do not purport to be experts on, any laws other than
      the
      laws of the State of Nevada and the federal laws of the United States. With
      respect to such laws, our opinions are as to what the law is or, in
      circumstances where the status of the law is unclear, what the law might
      reasonably be expected to be as of the date hereof. This opinion is rendered
      as
      of the date hereof, and we undertake no obligation to update this opinion should
      this opinion no longer remain accurate by change in factual circumstances,
      law,
      judicial decision or otherwise.

     

    Based
      on
      the foregoing, and subject to the assumptions, limitations, qualifications
      and
      exceptions set forth herein, we are of the opinion that, except as disclosed
      in
      the Disclosure Schedules:

     

    1. Seller
      is
      a corporation duly incorporated, validly existing and in good standing under
      the
      laws of the State of Nevada. Seller has the corporate power and authority to
      own, operate or lease the properties and assets it now owns or operates and
      to
      carry on the Business as it is conducted as of the date hereof.

     

    2. Seller
      has the corporate power and authority to execute and deliver the Agreement
      and
      to consummate the Transactions.

    
      
        
        

      

      
        E-2

        
          

        

      

      
        
        

      

    

    3. The
      execution and delivery of the Agreement and the consummation of the Transactions
      have been duly and validly authorized by all necessary corporate and shareholder
      action on the part of Seller. The Agreement has been duly and validly executed
      and delivered by Seller and (assuming due authorization, execution and delivery
      by Buyer) constitutes the legal, valid and binding obligation of Seller
      enforceable against Seller in accordance with its terms, except to the extent
      enforceability may be limited by (i) bankruptcy, insolvency, reorganization,
      moratorium, fraudulent transfer or conveyance or other similar laws now or
      hereafter in effect relating to the enforcement of creditors’ rights, and (ii)
      the effect of general principles of equity (regardless of whether enforceability
      is considered in a proceeding in equity or at law).

     

    4. The
      Agreement has been duly and validly executed and delivered by each Shareholder
      and (assuming due authorization, execution and delivery by Buyer) constitutes
      the legal, valid and binding obligation of such Shareholder enforceable against
      such Shareholder in accordance with its terms, except to the extent
      enforceability may be limited by (i) bankruptcy, insolvency, reorganization,
      moratorium, fraudulent transfer or conveyance or other similar laws now or
      hereafter in effect relating to the enforcement of creditors’ rights, and (ii)
      the effect of general principles of equity (regardless of whether enforceability
      is considered in a proceeding in equity or at law).

     

    5. The
      execution, delivery and performance of the Agreement and the consummation of
      the
      Transactions by Seller and the Shareholders do not and will not:

     

    (a) conflict
      with or result in a breach or violation of Seller’s Articles of Incorporation or
      Bylaws;

     

    (b) to
      our
      knowledge, conflict with, result in any material breach of, constitute a
      material default (or event which with the giving of notice or lapse of time
      would become a default) under, require any consent or approval under, or give
      to
      any other Person any rights of termination, amendment, acceleration, suspension,
      revocation or cancellation of, any note, bond, mortgage, indenture, contract,
      agreement, lease, sublease, license, permit, authorization, franchise or other
      instrument or arrangement to which Seller or any Shareholder is a party or
      by
      which any of their respective assets or properties are bound or
      affected;

     

    (c) to
      our
      knowledge, require any consent, approval, authorization, waiver, clearance
      or
      other order of, action by, filing with or notification to, any Governmental
      Authority; or

     

    (d) to
      our
      knowledge, result in the creation or imposition of any Encumbrance on any of
      the
      Assets pursuant to: (i) any Law to which Seller or any Shareholder or any of
      their respective properties are subject; (ii) any note, bond, mortgage,
      indenture, contract, agreement, lease, sublease, license, permit, authorization,
      franchise or other instrument or arrangement to which Seller or any Shareholder
      is a party or by which any of its assets or properties are bound or affected;
      or
      (iii) otherwise.

     

    6. To
      our
      knowledge, there are no Actions by or against Seller or any Shareholder (or
      by
      or against any affiliate thereof and relating to the Business), or affecting
      any
      of the Assets, pending or threatened.

    
      
        
        

      

      
        E-3

        
          

        

      

      
        
        

      

    

    7. The
      instruments delivered by Seller to Buyer at the Closing conveying the Assets
      to
      Buyer are in form sufficient to transfer title to the Assets to
      Buyer.

     

    We
      are
      expressing no opinion as to any matter other than those expressly set forth
      in
      the numbered paragraphs above.

     

    This
      opinion is being furnished only to you and is solely for your benefit. Except
      with our prior written consent, this opinion may not be relied upon by, filed
      with or furnished to, quoted in any manner to, or delivered to, any person
      or
      entity or referred to in any financial statement, report or related document.
      

     

    
      	
              Very
                truly yours,

            
	  
	  
	
               

            

    

    
      
        
        

      

      
        E-4

        
          

        

      

      
        
        

      

    

    EXHIBIT
      F

     

    COVENANT
      NOT TO COMPETE AGREEMENT1 

     

    THIS
      COVENANT NOT TO COMPETE AGREEMENT
      (the
“Agreement”) is made and entered into as of ________, by and among
      _______________, a ________ ________ (the “Company”); __________ and _________
      (“Shareholders”); and _______________, a ________ ________ (“Buyer”).

     

    RECITALS

     

    A. The
      Company, Shareholders and Buyer are parties to that certain Purchase and Sale
      of
      Assets Agreement, dated ________, ____ (the “Purchase Agreement”), which
      provides for the sale of certain of the assets used in the market research
      and
      opinion polling business conducted by the Company (the “Business”) based Las
      Vegas, Nevada and providing services to customers throughout the United States
      of America (the “Service Area”).

     

    B. To
      induce
      Buyer to enter into the Purchase Agreement, the Company and Shareholders
      (“Sellers”) have agreed to forego certain rights to compete with Buyer and its
      affiliates (“Affiliates”), on the terms and subject to the conditions set forth
      in this Agreement.

     

    ACCORDINGLY,
      for good and valuable consideration, the receipt and sufficiency of which are
      acknowledged, the parties agree as follows:

     

    1. Noncompete
      Definitions.
      For
      purposes of this Agreement, the terms listed below shall have the following
      meanings:

     

    (a) “Area”
      means the Service Area of the Business.

     

    (b) “Customers”
      means individuals, partnerships, firms, corporations, limited liability
      companies, associations, trusts, unincorporated organizations, governmental
      entities or other entities (“Persons”) (i) to which any Seller has provided
      waste services or (ii) that any Seller has solicited with respect to the
      provision of waste services.

     

    (c) “Time
      Period” means the period beginning as of the date of this Agreement and ending
      five years thereafter; provided, however, that if a court of competent
      jurisdiction determines that such period is unenforceable, Time Period shall
      mean the period beginning as of the date of this Agreement and ending four
      years
      thereafter; provided, however, that if a court of competent jurisdiction
      determines that such period is unenforceable, Time Period shall mean the period
      beginning as of the date of this Agreement and ending three years thereafter;
      provided, however, that if a court of competent jurisdiction determines that
      such period is unenforceable, Time Period shall mean the period beginning as
      of
      the date of this Agreement and ending two years thereafter; provided, however,
      that if a court of competent jurisdiction determines that such period is
      unenforceable, Time Period shall mean the period beginning as of the date of
      this Agreement and ending one year thereafter, or such other period as the
      court
      shall determine to be reasonable. The Time Period shall be extended by the
      number of days in any period in which any of Sellers is deemed to be in default
      or breach of this Agreement.

    
       

      
        

      

    

    
      
        1
          This
          form will be used for all parties to noncompetition
          agreements.

      

    

    
      
        
        

      

      
        F-1

        
          

        

      

      
        
        

      

    

    2. Payment.
      As full
      consideration for Sellers entering into this Agreement, Buyer shall pay to
      Sellers concurrently with the execution of this Agreement, as part of the
      Purchase Price under the Purchase Agreement, the aggregate sum of $______,
      which
      sum shall be allocated among Sellers as Sellers agree; provided, however, that
      Sellers shall allocate such sum in a manner such that each receives good and
      valuable consideration for entering into this Agreement.

     

    3. Covenants.
      Sellers
      jointly and severally covenant and agree that, during the Time Period, they
      shall not, directly or indirectly, individually or as a stockholder, partner,
      member, financier, agent, employee, representative or consultant for or
      otherwise on behalf of or in conjunction with any Person:

     

    (a) Noncompetition.
      Engage
      or have any interest, direct or indirect, in any business in competition with
      the Business, as the Business is constituted at the Closing Date (whether or
      not
      the Business is subsequently carried on by Buyer, its Affiliates or by any
      successor or subsequent purchaser of the Business), within the Area; provided,
      however, that this shall not preclude any Seller from owning less than 1% of
      the
      securities of any publicly traded entity;

     

    (b) Nonsolicitation
      of Customers.
      Solicit
      or assist in the solicitation of any Customers in the Area for any business
      of a
      nature that directly or indirectly competes with the Business; or

     

    (c) Nonsolicitation
      of Employees.
      Hire,
      employ, solicit, or otherwise encourage or entice to leave their employment
      with
      Buyer or its Affiliates, any of Buyer’s or its Affiliates’
employees.

     

    4. Enforceability.
      Sellers
      jointly and severally represent and warrant to and covenant with Buyer as
      follows:

     

    (a) The
      covenants in this Agreement are reasonably necessary for the protection of
      the
      interests of Buyer and its Affiliates, are reasonable as to duration, scope
      and
      territory, and are not unreasonably restrictive of Sellers.

     

    (b) If
      any
      Seller breaches any covenants set forth in this Agreement, such breach would
      cause irreparable harm to Buyer and its Affiliates and, in the event of such
      breach, Buyer and its Affiliates shall be entitled, in addition to monetary
      damages and to any other remedies available to Buyer and its Affiliates under
      this Agreement and at law, to equitable relief, including injunctive relief,
      and
      the payment by Sellers of all costs incurred by Buyer and its Affiliates in
      enforcing the provisions of this Agreement, including reasonable attorneys’
fees.

     

    (c) Notwithstanding
      subsection (a), should any court of competent jurisdiction determine that any
      covenants in this Agreement are unreasonable as to duration, scope, or
      territory, the covenants shall be enforceable as provided in this Agreement
      with
      respect to the maximum duration, scope and territory as the court determines
      to
      be reasonable.

    
      
        
        

      

      
        F-2

        
          

        

      

      
        
        

      

    

    5. Assignment;
      Binding Effect; Amendment.
      This
      Agreement and the rights of the parties under it may not be assigned (except
      by
      operation of law and except that they may be assigned by Buyer to an affiliate
      of Buyer or to any successor of Buyer to the Business without the consent of
      Sellers) and shall be binding upon and shall inure to the benefit of the
      parties. In addition, this Agreement shall inure to the benefit of Buyer’s
      Affiliates. This Agreement constitutes a valid and binding agreement of the
      parties enforceable in accordance with its terms and may be modified or amended
      only by a written instrument executed by each party.

     

    6. Entire
      Agreement.
      This
      Agreement is the final, complete and exclusive statement of the agreement among
      the parties with relation to the subject matter of this Agreement. There are
      no
      oral representations, understandings or agreements covering the same subject
      matter as this Agreement. This Agreement supersedes, and cannot be varied,
      contradicted or supplemented by evidence of, any prior or contemporaneous
      discussions, correspondence, or oral or written agreements or arrangements
      of
      any kind.

     

    7. Counterparts.
      This
      Agreement may be executed in two or more original or facsimile counterparts,
      each of which shall be deemed an original and all of which together shall
      constitute but one and the same instrument.

     

    8. Notices.
      All
      notices or other communications required or permitted under this Agreement
      shall
      be in writing and may be given by depositing the same in United States mail,
      addressed to the party to be notified, postage prepaid and registered or
      certified with return receipt requested, by overnight courier, or by delivering
      the same in person to such party, addressed as follows:

     

    
      	
            	(a)	
              If
                to Sellers, addressed to them at:

            

    

     

    
      	
               

            
	
               

            
	
               

            

    

    

    
      	
            	(b)	
              If
                to Buyer, addressed to it at:

            

    

     

    
      	  

	 	 
	
              Attn:
                

            	
               

            

    

    

    with
      a
      copy to:

     

    

    and
      a
      copy to:

     

    
      	
              Fennemore
                Craig, P.C.

            
	
              Attn:
                

            	
                
                

            

    

    

    Notice
      shall be deemed given and effective the day personally delivered, the day sent
      by overnight courier, subject to signature verification, and the day of deposit
      in the U.S. mail of a writing addressed and sent as provided above. Any party
      may change the address for notice by notifying the other parties of such change
      in accordance with this Section.

    
      
        
        

      

      
        F-3

        
          

        

      

      
        
        

      

    

    9. Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the internal
      laws of the State of Nevada, without giving effect to any choice or conflict
      of
      law provision or rule (whether of the State of Nevada or any other jurisdiction)
      that would cause the application of the laws of any jurisdiction other than
      the
      State of Nevada.

     

    10. Jurisdiction;
      Venue; Forum; Waiver of Jury Trial.
      Any
      legal action arising under or in connection with this Agreement or any other
      instrument, document or agreement executed or delivered in connection with
      this
      Agreement, or in any way connected with or related or incidental to the dealings
      of the parties with respect to this Agreement or such other instrument, document
      or agreement or the Transactions (“Dispute”) shall be brought exclusively in the
      Clark County, Nevada District Court or in the United States District Court
      for
      the Southern District of Nevada. By execution and delivery of this Agreement,
      with respect to Disputes each of the parties knowingly, voluntarily and
      irrevocably: (a) consents, for itself and in respect of its property, to the
      exclusive jurisdiction of these courts; (b) waives any immunity or objection,
      including any objection to personal jurisdiction or the laying of venue or
      based
      on the grounds of forum non conveniens, which it may have from or to the
      bringing of the Dispute in such jurisdiction; (c) waives any personal service
      of
      any summons, complaint or other process that may be made by any other means
      permitted by the State of Nevada; (d) waives any right to trial by jury; (e)
      agrees that any such Dispute shall be decided by court trial without a jury;
      and
      (f) agrees that any party to this Agreement may file an original counterpart
      or
      a copy of this Section 10 with any court as written evidence of the consents,
      waivers and agreements of the parties set forth in this Section 10.

     

    11. No
      Waiver.
      No
      delay of or omission in the exercise of any right, power or remedy accruing
      to
      any party as a result of any breach or default by any other party under this
      Agreement shall impair any such right, power or remedy, nor shall it be
      construed as a waiver of or acquiescence in any such breach or default, or
      of or
      in any similar breach or default occurring later. No waiver of any single breach
      or default shall be deemed a waiver of any other breach or default occurring
      before or after that waiver.

     

    12. Severability.
      In case
      any provision of this Agreement shall be invalid, illegal or unenforceable,
      it
      shall, to the extent possible, be modified in such manner as to be valid, legal
      and enforceable but so as most nearly to retain the intent of the parties.
      If
      such modification is not possible, such provision shall be severed from this
      Agreement. In either case the validity, legality and enforceability of the
      remaining provisions of this Agreement shall not in any way be affected or
      impaired thereby.

     

    13. Construction.
      The
      headings in this Agreement are inserted for convenience only, and shall not
      constitute a part of this Agreement or be used to construe or interpret any
      of
      its provisions. The parties have participated jointly in the negotiation and
      drafting of this Agreement. If a question of interpretation arises, this
      Agreement shall be construed as if drafted jointly by the parties, and no
      presumption or burden of proof shall arise favoring or disfavoring any party
      by
      virtue of the authorship of any provision of this Agreement. The word “include”
or “including” means include or including, without limitation.

    
      
        
        

      

      
        F-4

        
          

        

      

      
        
        

      

    

    14. Attorneys’
      Fees.
      If any
      legal action or any other proceeding is brought for the enforcement of this
      Agreement, or because of an alleged dispute, breach, default, or
      misrepresentation in connection with any provision of this Agreement, the
      prevailing party or parties shall be entitled to recover reasonable attorneys’
fees and other costs incurred in that action or proceeding, in addition to
      any
      other relief to which it or they may be entitled.

     

    15. Review
      by Counsel.
      Sellers
      acknowledge and agree that they have had the opportunity to review this
      Agreement with legal counsel of their choosing.

     

    [SIGNATURES
      ON FOLLOWING PAGE]

     

    
      
        
        

      

      
        F-5

        
          

        

      

      
        
        

      

    

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

     

    
      	
              Company:

            	  

	 	 	 
	 	 	 
	 	
              By:

            	
               

            
	 	
              Name:

            	
               

            
	 	
              Title:

            	
               

            
	 	 	 

    

     

    
      	
              Shareholders:

            	
               

            
	 	
               

            	 
	 	 	 
	 	 	 
	 	
               

            
	 	
               

            	 
	 	 	 

    

     

    
      	
              Buyer:

            	
               

            
	 	 	 
	 	 	 
	 	
              By:

            	
               

            
	 	
              Name:

            	
               

            
	 	
              Title:

            	
               

            

    

    
      
        
        

      

      
        F-6

        
          

        

      

      
        
        

      

    

    EXHIBIT
      G

     

    SELLER’S
      AND THE SHAREHOLDERS’ CLOSING CERTIFICATE

     

    The
      undersigned hereby certify, pursuant to Section 4.2.6 of the Purchase and Sale
      of Assets Agreement dated as of ________ (the “Agreement”), among
      _______________, a(n) ________ ________; ______________, a ________ ________
      (“Seller”); and ________ and ________, the sole shareholders of Seller (the
“Shareholders”) that: 

     

    (a) Seller
      and the Shareholders have performed in all material respects their agreements
      and covenants contained in the Agreement required to be performed at or before
      the Closing.

     

    (b) The
      representations and warranties of Seller and the Shareholders set forth in
      the
      Agreement were and are true and correct (i) on and as of the date of the
      Agreement, and (ii) on and as of the Closing Date, with the same effect as
      though such representations and warranties had been made on and as of the
      Closing Date.

     

    Capitalized
      terms used in this Certificate but not otherwise defined herein shall have
      the
      meanings assigned to them in the Agreement.

     

    IN
      WITNESS WHEREOF, the undersigned have executed this Certificate on this ___
      day
      of ________, ____.

     

    
      	
              Seller:

            	
               

            
	 	 	 
	 	
              By:

            	
               

            
	 	
              Name:

            	
               

            
	 	
              Title:

            	
               

            

    

     

    
      	
              Shareholders:

            	
               

            
	 	 
	 
	 	 	 
	 	 	 
	 	 	 
	 	
               

            
	 	
               

            	 

    

    
      
        
        

      

      
        G-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      H

     

    NON-FOREIGN
      AFFIDAVIT

     

    STATE
      OF
      _____________ )

    )
      ss.

    COUNTY
      OF
      ___________ )

     

    The
      undersigned, as _______________ of _______________, a(n) ________________
      (“Transferor”), after being duly sworn upon his oath deposes and says
      that:

     

    Section
      1445 of the Internal Revenue Code provides that a transferee of a U.S. real
      property interest must withhold tax if the transferor is a foreign person.
      For
      federal tax purposes (including Section 1445), the owner of a disregarded entity
      (which has legal title to a U.S. real property interest under local law) will
      be
      the transferor of the property and not the disregarded entity. To inform
      ____________________ (“Transferee”), that withholding of tax is not required
      upon the disposition of a U.S. real property interest by Transferor, the
      undersigned hereby certifies on behalf of Transferor as follows:

     

    1. Transferor
      is not a non-resident alien, foreign corporation, foreign partnership, foreign
      trust, foreign estate, or other foreign person within the meaning of §1445 and
§7701 of the Internal Revenue Code and the treasury regulations promulgated
      thereunder;

     

    2. Transferor
      is not a disregarded entity as defined in Treasury Regulation Section
      1.1445-2(b)(2)(iii);

     

    3. Transferor’s
      U.S. taxpayer identification number is: __________; and 

     

    4. Transferor’s
      business address is: ______________________________________.

     

    Transferor
      understands that Transferee may disclose this certification to the Internal
      Revenue Service and that any false statement contained herein could be punished
      by fine, imprisonment, or both.

     

    Under
      penalties of perjury Transferor declares that it has examined this Affidavit
      and
      to the best of its knowledge and belief this certification is true, correct
      and
      complete. The undersigned agent declares that he or she has the authority to
      sign this document on behalf of Transferor.

     

    ___________________,

    a(n)
      ________ ________

    

      
        	
                By:

              	
                 

              
	
                Name:

              	
                 

              
	
                Its:

              	
                 

              

      

    

    

      
        
          
          

        

        
          H-1

          
            

          

        

        
          
          

        

      

STATE
      OF
      _____________)

    )
      ss.

    County
      of
      ______________ )

     

    The
      foregoing instrument was acknowledged before me this ___ day of ____________,
      2004, by_______________, the ___________________ of _____________________,
      a
      ________________, on behalf thereof.

     

    
      
        	 	 	
                 

              
	 	 	
                Notary
                  Public

              
	 	 	 
	
                My
                  Commission Expires:

              	 	 
	 	 	 
	
                 

              	 	 

      

    

    
      
        
        

      

      
        H-2

        
          

        

      

      
        
        

      

    

    EXHIBIT
      I

     

    BUYER’S
      CLOSING CERTIFICATE

     

    The
      undersigned hereby certifies, pursuant to Section 4.3.2 of the Purchase and
      Sale
      of Assets Agreement dated as of ________ (the “Agreement”), among
      _______________, a(n) ________ ________ (“Buyer”); ______________, a ________
      ________; and ________ and ________, the sole shareholders of Seller that:
      

     

    (a) Buyer
      has
      performed in all material respects its agreements and covenants contained in
      the
      Agreement required to be performed at or before the Closing.

     

    (b) The
      representations and warranties of Buyer set forth in the Agreement were and
      are
      true and correct (i) on and as of the date of the Agreement, and (ii) on and
      as
      of the Closing Date, with the same effect as though such representations and
      warranties had been made on and as of the Closing Date.

     

    Capitalized
      terms used in this Certificate but not otherwise defined herein shall have
      the
      meanings assigned to them in the Agreement.

     

    IN
      WITNESS WHEREOF, the undersigned has executed this Certificate on this ___
      day
      of ________, ____.

     

    
      
        	
                Buyer:

              	
                 

              
	 	 	 
	 	
                By:

              	
                 

              
	 	
                Name:

              	
                 

              
	 	
                Title:

              	
                 

              

      

    

    
      
        
        

      

      
        J-1

        
          

        

      

      
        
        

      

    

    Schedule
      2.1.1—Permits

     

    Describe
      all Environmental Permits, FCC licenses (e.g., FCC radio licenses or call signs)
      and Permits (including the type of Permit, issuing agency, Permit number,
      expiration date and any special terms) necessary to operate the
      Business.

    
      
        
        

      

      
        S-1

        
          

        

      

      
        
        

      

    

    Schedule
      2.1.2—Equipment

     

    Describe
      all equipment used or for use in the Business and owned or leased by Seller.
      

    
      
        
        

      

      
        S-2

        
          

        

      

      
        
        

      

    

    Schedule
      2.1.4—Customer Contracts

     

    List
      all contractual rights of Seller with Seller’s customers (whether oral or in
      writing) relating to the operation of the Business, including all service
      agreements, customer accounts and routes (the “Customer Contracts”), and, if
      any, all collective bargaining agreements with any union and all employment
      agreements entered into by Seller (the “Employee Contracts”). Attach a true and
      complete copy of all Customer Contracts and Employee
      Contracts.

    
      
        
        

      

      
        S-3

        
          

        

      

      
        
        

      

    

    Schedule
      2.1.8—Office Equipment

     

    Describe
      all office equipment and furniture used or for use in the Business and owned
      or
      leased by Seller.

    
      
        
        

      

      
        S-4

        
          

        

      

      
        
        

      

    

    Schedule
      2.1.9—Systems

     

    Describe
      all manual and automated computer, billing and accounting systems and components
      thereof, including all transferable software and transferable programs used
      or
      for use in the Business.

    
      
        
        

      

      
        S-5

        
          

        

      

      
        
        

      

    

    Schedule
      3.5—Accounts Receivable

     

    List
      the Accounts Receivable as of the Closing Date, including an aging of all
      accounts and notes receivable showing amounts due in 30-day aging
      categories.

    
      
        
        

      

      
        S-6

        
          

        

      

      
        
        

      

    

    Schedule
      6.3(c)—Consents and Defaults

     

    Describe
      if the execution, delivery and performance of this Agreement by Seller and
      the
      Shareholders and the consummation of the transactions contemplated by it
      conflict with, result in any breach of, constitute a default (or event which
      with the giving of notice or lapse of time would become a default) under,
      require any Consent under, or give to any other Person any rights of
      termination, amendment, acceleration, suspension, revocation or cancellation
      of,
      or result in the creation of any Encumbrance on the Assets or the properties
      of
      Seller pursuant to any note, bond, mortgage, indenture, contract, agreement,
      lease, sublease, license, permit, authorization, franchise or other instrument
      or arrangement to which Seller or any Shareholder is a party or by which any
      of
      the Assets are bound or affected.

    
      
        
        

      

      
        S-7

        
          

        

      

      
        
        

      

    

    Schedule
      6.4—Governmental Consents

     

    Describe
      if the execution, delivery and performance of this Agreement by Seller and
      the
      Shareholders require any Consent or action by, filing with or notification
      to,
      any Governmental Authority (other than Hart-Scott-Rodino Act
      approval).

    
      
        
        

      

      
        S-8

        
          

        

      

      
        
        

      

    

    Schedule
      6.5—Financial Statements

     

    Attach
      complete and accurate copies of the balance sheets of Seller at ______ and
      the
      related statements of income and retained earnings and cash flows of Seller
      for
      the years then ended, together with all related notes and schedules thereto,
      and
      of the unaudited balance sheet of Seller dated _____________ and the related
      statements of income and retained earnings and cash flows of Seller for the
      ______ months then ended, together with all related notes and schedules
      thereto.

    
      
        
        

      

      
        S-9

        
          

        

      

      
        
        

      

    

    Schedule
      6.7.1—Intellectual Property Rights

     

    Set
      forth: (a) all Intellectual Property Rights and all pending registrations and
      applications therefor, owned by, used by or licensed to Seller or in which
      Seller has any interest, indicating which are owned and which are licensed;
      (b)
      all contracts, agreements or other arrangements under which Seller has granted,
      or is obligated to grant, rights to others to use, reproduce, market or exploit
      any Intellectual Property Rights; and (c) all names, assumed or otherwise,
      under
      which Seller has ever conducted the Business.

    
      
        
        

      

      
        S-10

        
          

        

      

      
        
        

      

    

    Schedule
      6.8.2—Tangible Personal Property Leases

     

    Indicate
      any lease agreements with respect to Assets constituting tangible personal
      property and attach copies of the same.

    
      
        
        

      

      
        S-11

        
          

        

      

      
        
        

      

    

    Schedule
      6.9.3—Consents

     

    Set
      forth all Consents of any customer, third party or Governmental Authority
      required for any Customer Contract or other contract or agreement to be acquired
      by or assigned to Buyer under this Agreement.

    
      
        
        

      

      
        S-12

        
          

        

      

      
        
        

      

    

    Schedule
      6.10—Insurance and Workers’ Compensation

     

    Attach
      complete and accurate copies as of the date of the Agreement of all insurance
      policies carried by Seller, an accurate list of all insurance loss runs and
      workers’ compensation claims in Seller’s possession for up to the past three
      policy years, and a complete and accurate copy of Seller’s most recent filing
      with the state agency responsible for administering, handling or overseeing
      unemployment claims.

    
      
        
        

      

      
        S-13

        
          

        

      

      
        
        

      

    

    Schedule
      6.11—Employees

     

    Attach
      a complete and accurate list of all employees of Seller, their date of hire
      and
      their rate of compensation as of the date of the Agreement (including a
      breakdown of the portion thereof attributable to salary, bonus and other
      compensation, respectively).

     

    Identify
      each of Seller’s employees who is not an employee at will or who will not be
      terminated by Seller on the Closing Date.

    
      
        
        

      

      
        S-14

        
          

        

      

      
        
        

      

    

    Schedule
      6.13—Governmental Orders

     

    Identify
      each Governmental Order applicable to Seller, the Assets or the Business.

    
      
        
        

      

      
        S-15

        
          

        

      

      
        
        

      

    

    Schedule
      6.14—W-9 Forms

     

    Attached
      are completed W-9 Forms for Seller and each party to a Noncompetition
      Agreement.

    
      
        
        

      

      
        S-16

        
          

        

      

      
        
        

      

    

    Schedule
      6.15—Litigation

     

    Set
      forth any Action pending or, to the best of Seller’s knowledge, threatened,
      against Seller or the Shareholders relating to the Assets or the Business,
      at
      law or in equity, before any Governmental Authority or private
      authority.

     

    List
      all instances where Seller or the Shareholders are the plaintiff, or complaining
      or moving party, in any way related to the Assets or the
      Business.

    
      
        
        

      

      
        S-17

        
          

        

      

      
        
        

      

    

    Schedule
      6.16—Price Redetermination Contracts

     

    Set
      forth any governmental contracts to which Seller is a party which are related
      to
      the Assets or the Business and which are subject to price redetermination or
      renegotiation.

    
      
        
        

      

      
        S-18

        
          

        

      

      
        
        

      

    

    Schedule
      6.17—Ordinary Course of Business

     

    Describe
      all instances since the Financial Statement Date (except for the execution
      and
      delivery of the Agreement) in which the Business has not been conducted in
      all
      material respects in the ordinary course and consistent with past practice.
      In
      addition, list any of the following that have occurred since such
      date:

     

    (1) work
      interruption, labor grievance or unfair labor practice claim
      filed;

     

    (2) sale
      or transfer of, or any agreement to sell or transfer, any of the Assets or
      any
      plan, agreement or arrangement granting any preferential right to purchase
      or
      acquire any interest in any of the Assets, or requiring Consent of any party
      to
      the transfer and assignment of any of the Assets;

     

    (3) waiver
      of any material rights or claims of Seller related to the
      Assets;

     

    (4) material
      breach, amendment or termination of any Customer Contract;

     

    (5) transaction
      by Seller outside the ordinary course of its business and related to the Assets
      or the Business;

     

    (6) increase
      in the compensation of any employee of Seller;

     

    (7) any
      other material occurrence, event, incident, action or failure to act outside
      the
      ordinary course of business of Seller; or

     

    (8) any
      action by Seller, the Shareholders, or any employee, officer or agent of Seller
      or the Shareholders committing to do any of the
      foregoing.

    
      
        
        

      

      
        S-19

        
          

        

      

      
        
        

      

    

    Schedule
      6.18.1—Permits Requiring Consents

     

    Identify
      all Permits that will require the Consent of any Governmental Authority to
      consummate the Transactions.

    
      
        
        

      

      
        S-20

        
          

        

      

      
        
        

      

    

    Schedule
      6.18.2—Environmental

     

    Disclose
      if Seller has ever owned, leased, had an interest in, collected, generated,
      transported, stored, handled, recycled, reclaimed, processed, disposed of,
      or
      contracted for the disposal of any of the following (“Hazardous Materials”): (a)
      petroleum and petroleum products, radioactive materials, asbestos in any form
      that is or could become friable, urea formaldehyde foam insulation, transformers
      or other equipment that contain polychlorinated biphenyls, and radon gas; (b)
      any other chemicals, materials or substances defined as or included in the
      definition of “hazardous materials,” “hazardous wastes,” “hazardous substances,”
“extremely hazardous wastes,” “restricted hazardous wastes,” “toxic substances,”
“toxic wastes,” “toxic pollutants,” “contaminants,” “pollutants,” “infectious
      wastes,” “medical wastes,” “radioactive wastes,” “sewage sludges” or words of
      similar import under any applicable Environmental Law. 

     

    Disclose
      if there has been any disposing, discharging, injecting, spilling, leaking,
      leaching, dumping, emitting, escaping, emptying, seeping, placing or otherwise
      releasing into, upon or under any land, water or air or otherwise entering
      into
      the Environment by Seller of any Hazardous Materials.

     

    Disclose
      if any portion of the Land or any other real property now or in the past owned,
      leased or used by Seller is listed on the CERCLA list or the National Priorities
      List of Hazardous Waste Sites or any other similar list maintained by any
      Governmental Authority, or if Seller or any Shareholder: (a) is listed as a
      potentially responsible party with respect to the Assets or as a result of
      the
      operation of the Assets under any Environmental Law or other applicable Law;
      (b)
      has received a notice of such listing; or (c) has knowledge of any facts or
      circumstances which could give rise to such a listing.

    
      
        
        

      

      
        S-21

        
          

        

      

      
        
        

      

    

    Schedule
      6.21—Restrictive Agreements

     

    Set
      forth all noncompetition or nonsolicitation agreements related to the Business,
      regardless of whether such agreements restrict or benefit Seller or the
      Business, and attach complete and accurate copies of the
      same.

    
      
        
        

      

      
        S-22

        
          

        

      

      
        
        

      

    

    Schedule
      6.22.2—Leased Real Property

     

    Provide
      a complete and accurate street address and legal description of all Leased
      Real
      Property and attach copies of all Leases.

    
      
        
        

      

      
        S-23

        
          

        

      

      
        
        

      

    

    Schedule
      6.24—Title to and Sufficiency of Assets

     

    Disclose
      any instance in which Seller does not have good and marketable title to any
      of
      the Assets, or, in the case of leased or subleased Assets, valid and subsisting
      leasehold interests in any of such Assets, free and clear of all Encumbrances
      other than Permitted Encumbrances.

    
      
        
        

      

      
        S-24EXHIBIT
      4.1

     

    
      	
              $[____________]

            	
              [______
                __], 20[__]

            

    

     

    ADVAXIS,
      INC.

     

    FORM
      OF SENIOR PROMISSORY NOTE

     

    Maturity
      Date: February 15, 2009

     

    THIS
      SENIOR PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
      1933,
      AS AMENDED (THE “SECURITIES
      ACT”),
      OR
      ANY STATE SECURITIES LAW. NO SALE, TRANSFER, PLEDGE OR ASSIGNMENT OF THIS SENIOR
      PROMISSORY NOTE SHALL BE VALID OR EFFECTIVE UNLESS (A) SUCH TRANSFER IS MADE
      PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND
      IN
      COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAW, OR (B) SUCH TRANSFER IS
      MADE PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
      SECURITIES ACT AND OF ANY APPLICABLE STATE SECURITIES LAW.

     

    FOR
      VALUE
      RECEIVED, Advaxis, Inc., a Delaware corporation (the “Company”),
      promises to pay to Thomas A. Moore, the joint registered holder or registered
      assigns hereof (the “Holder”),
      the
      principal amount of [AMOUNT IN WORDS] ($_________), payable on February, 2009
      (the “Maturity
      Date”),
      or
      such earlier date as required by Section 2 hereof, together with interest on
      the
      outstanding principal amount of this Note, accruing at the rate of twelve
      percent (12%) per annum, compounded quarterly, commencing on the date hereof,
      subject to Section 2 hereof. All interest shall be calculated on the basis
      of a
      360-day year counting the actual days elapsed. Accrued interest shall be payable
      upon the maturity of this Note and at the time of any prepayment, as provided
      below. Capitalized terms used but not defined herein shall have the meanings
      ascribed to such terms in the Note Purchase Agreement, dated as of the date
      hereof, between the Company and the Holder (the “Note
      Purchase Agreement”).

     

    1. Payments
      and Prepayments.

     

    (a) Payments
      of principal and interest on this Note shall be made at the Holder’s address as
      set forth in the Note Purchase Agreement, or such other place or places as
      may
      be specified by the Holder of this Note in a written notice to the
      Company.

     

    (b) 
      Payments
      of principal and interest on this Note shall be made in lawful money of the
      United States of America by wire transfer of immediately available funds so
      as
      to be received by the Holder on the due date of such payment.

     

    (c) If
      any
      payment on this Note becomes due and payable on a Saturday, Sunday or other
      day
      on which commercial banks in New York, New York are authorized or required
      by
      law to close, the maturity thereof shall be extended to the next succeeding
      business day and, with respect to payments of principal, interest thereon shall
      be payable during such extension.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (d) This
      Note
      may be prepaid in whole or in part at the option of the Company at any time
      prior to the Maturity Date. Accrued interest on any amount of principal prepaid
      shall be due and payable at the time of such prepayment.

     

    2. Events
      of Default.
      In the
      event that any one or more of the following occurs (each, an “Event
      of Default”):

     

    (i) the
      Company defaults in the payment of principal on the date due or defaults in
      the
      payment of interest required to be made on this Note and such default in the
      payment of interest shall continue for a period of ten (10) days;

     

    (ii) the
      Company ceases all or substantially all of its business activities other than
      by
      reason of natural disaster; material fire or other casualty; quarantine or
      epidemic or other cause beyond the Company’s reasonable control, and the Company
      does not resume all or substantially all of its business activities within
      sixty
      (60) days thereafter;

     

    (iii) the
      Company hereafter makes an assignment for the benefit of creditors, or files
      a
      petition in bankruptcy as to itself, is adjudicated insolvent or bankrupt,
      petitions a receiver of or any trustee for the Company or any substantial part
      of the property of the Company under any bankruptcy, reorganization,
      arrangement, readjustment of debt, dissolution or liquidation law or statute
      of
      any jurisdiction, whether or not hereafter in effect; or if there is hereafter
      commenced against the Company any such proceeding and an order approving the
      petition is entered or such proceeding remains undismissed for a period of
      sixty
      (60) days, or the Company by any act or omission to act indicates its consent
      to
      the approval of or acquiescence in any such proceeding or the appointment of
      any
      receiver of, or trustee for, the Company or any substantial part of its
      properties, or suffers any such receivership or trusteeship to continue
      undischarged for a period of sixty (60) days;

     

    then,
      and
      in any such event, and at any time thereafter, if such event shall then be
      continuing, the Holder of this Note may (x) declare this Note (including the
      Premium) immediately due and payable, whereupon the same shall be immediately
      due and payable without presentment, demand, protest or other notice of any
      kind, and/or (y) pursue any and all available remedies against the Company
      for
      the collection of outstanding principal and interest under this Note. Upon
      the
      occurrence and during the continuance of any Event of Default, the interest
      rate
      per annum set forth on the first page hereof shall be increased by 0.1% per
      day
      until the cure of such Event of Default; provided,
      that in
      no event shall such interest rate be increased above the maximum amount
      permitted by applicable law.

     

    3. Senior
      Note.
      This
      Note, along with the other Notes that may be issued by the Company to the
      Holder, shall be senior in right of payment to and shall be senior to all other
      indebtedness of the Company.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    4. Miscellaneous.

     

    (a) Upon
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction or mutilation of this Note and of a letter of indemnity reasonably
      satisfactory to the Company, and upon reimbursement to the Company of all
      reasonable expenses incident thereto, and upon surrender or cancellation of
      this
      Note, if mutilated, the Company will make and deliver a new Note of like tenor
      in lieu of such lost, stolen, destroyed or mutilated Note.

     

    (b) Except
      as
      otherwise expressly provided in this Note, the Company hereby waives diligence,
      demand, presentment for payment, protest, dishonor, nonpayment, default, and
      notice of any and all of the foregoing.

     

    (c) Neither
      any provision of this Note nor any performance hereunder may be amended or
      waived orally, but only by an agreement in writing and signed by the party
      against whom enforcement of any waiver, change, modification or discharge is
      sought. All rights and remedies conferred upon the Holder under this Note shall
      be cumulative and may be exercised singly or concurrently.

     

    (d) No
      course
      of dealing between the Company and the Holder, or any failure or delay on the
      part of the Holder in exercising any rights or remedies, or any single or
      partial exercise of any rights or remedies, shall operate as a waiver or
      preclude the exercise of any other rights or remedies available to the
      Holder.

     

    (e) In
      the
      event that the Holder shall, during the continuance of an Event of Default,
      turn
      this Note over to an attorney for collection, the Company shall further be
      liable for and shall pay to the Holder all collection costs and expenses
      incurred by the Holder, including reasonable attorneys’ fees and expenses; and
      the Holder may take judgment for all such amounts in addition to all other
      sums
      due hereunder.

     

    (f) This
      Note
      shall be governed by and construed in accordance with the laws of the State
      of
      Delaware, without regard to any principles of conflict of laws.

     

    [Signature
      Page Follows]

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the Company has duly caused this Note to be signed on its
      behalf, in its corporate name and by its duly authorized officer as of the
      date
      and year first written above.

     

    
      	
              ADVAXIS,
                INC.

            
	 	 
	
              By:

            	 
	
               

            	
              Name:

            
	
               

            	
              Title:

            

    

    

    
      
         

      

      
        4

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