Document:

[Logo]  SCIVAC
                                           Vacuum Systems for the New Generation

January  31, 2000

Don Mann, Chief Technical Officer
UltraCard,  Inc,
1550 S. Bascom Ave., Suite 100
Campbell,  CA  95008-0656

Dear  Don:

This letter is intended to document our discussions of January 27,2000 regarding
the  continuing  business relationship between SciVac and UltraCard, Inc. I have
filled  in  some  additional details beyond what we discussed that I believe are
consistent  with  our  mutual  intent.

UltraCard  will  extend  the Development Agreement between SciVac and UltraCard,
Inc.  Dated July 23, 1999 for a period of six months commencing February 1,2000,
at  a  rate  of  $50,000 per month, unless cancelled by either party with thirty
days  notice.  Under  the  terms of the original agreement UltraCard paid SciVac
$150,000  for  ninety  days  of  development  activities  through  October 1999.
UltraCard subsequently extended this agreement for one additional month with the
payment  to  SciVac  of  an  additional $50,000 as payment for services rendered
through  UltraCard's  Comdex launch in November 1999. Since this time SciVac has
continued  to  work  on  the program, albeit at a reduced level. We respectively
request  that  SciVac be paid $25,000 for services rendered during the two-month
period  ending  January  31, 2000. SciVac agrees to continue to assign equipment
and  technologist  to  UltraCard's development project and to provide office and
lab space for Dr. Bruce Lairson during the duration of the Development Agreement
extension.

UltraCard  has  agreed  in principal to purchase a sputtering system from SciVac
for  the  production of thin film coatings for magnetically encoded credit cards
at  a fair market price based upon what other vacuum system companies change for
similar equipment. SciVac and UltraCard will work jointly on the architecture of
the  system.  Once  the system specifications and price are agreed to, UltraCard
shall  place  an  order  with  SciVac  for delivery of the system under SciVac's
standard  payment  terms (40% down with order, 45% due upon shipment and 15% due
upon  acceptance).  SciVac  has  agreed  to  assemble  the system at UltraCard's
Northern California facility. A seven-month design and manufacturing schedule is
anticipated  after  receipt  of order. Installation and process qualification at
UltraCard's  facility  will  likely  require  two  additional  months.  It  is
anticipated the system will be priced in the range of $3 to $6 million depending
on  the  agreed  upon  configuration  and  required  throughput.

SciVac  has  agreed to become a second source for the production of magnetically
encoded  credit cards manufactured to UltraCard's specifications and has further
agreed to set aside sufficient capacity to meet 20% of UltraCard's requirements,
provided  UltraCard  gives  SciVac  orders  for at least 20% of their production
requirements  and provides reasonable lead time. The price of such Cards will be
mutually  agreed  to once the production methodology is better understood. Cards
made  by  UltraCard or third parties that employ SciVac technology will continue
be subject to the royalty provisions of the Development Agreement dated July 23,
1999.

Please  let  me  know  if  your comments on the terms outlined in this letter by
either  indicating  changes  or  by co-signing below. Thank you for your ongoing
Interest in SciVac. We look forward to a continuing strong working relationship.

Sincerely,
                                          Agreed  to:
/s/  David  B.  Pearce
David  B.  Pearce
President  &CEO                           /s/  Don  Mann
                                          --------------
SciVac                                    Don  Mann,  Chief  Technical  Officer
                                          UltraCard,  Inc.

<PAGE>
[Logo]  SCIVAC
                                          Vacuum Systems for the New Generation

February  10,  2000

Dan  Kehoe,  CEO
UltraCard,  Inc.
1550  Bascom  Avenue
Campbell,  CA  95008-0656

Dear  Dan:

I  have  had  several  conversations with Don Mann regarding a vacuum system for
producing  magnetically  encoded  cards.  We  are  now  at the point the process
development  that  we  have a good understanding of the sputtering requirements,
although  the  composition  of  some  of  the  layers  may change.  We believe a
13-chamber in-line system is required for the process.  SciVac recently quoted a
15-chamber  in-line  sputtering  system to Samsung at a price of $7.4 million. A
similar  system,  configured  for UltraCard's requirements, is likely to cost at
least  $8 million. Whether it be from SciVac of another vacuum systems supplier.
While  we  would love to sell you a $6 million system, I feel there is some risk
with  approach  in  that  the substrate material has not been finalized. In-line
vacuum  systems  offer  the  most flexibility for substrate material as they can
cost  individual  cards  or  large  size  sheets  of  thin  material  for  later
processing.  If  UltraCard  knew  for certain that thin material in a web format
would  be the substrate of choice a drum web coater might be optimal.  Since the
substrate  material  is  not defined, an in-line system is the best choice as it
can  process  virtually  any  substrate  format.

Another  issue  UltraCard  faces is lead-time. A fully designed system typically
takes  6-9  months  to  manufacture.  Additional  time  must  be  allowed  for
installation  and  process  development.  It's  my  understanding that UltraCard
needs  some  production capacity by the forth quarter of this year.  The time to
start  a  system  has  already  passed.

I believe we have a solution to these issues.  Last year SciVac acquired a large
in-line  vacuum  system  from  Hoya.  The system had been used for manufacturing
magnetic hard disks.  Our plan when we purchased the system was to strip it down
to  its  stainless  steel vacuum chambers and completely rebuild the system with
SciVac's  proprietary  process  stations.  The  system was expected to remain in
house for component production.  We subsequently purchased a second used in-line
system  for  R&D  and limited component production and this week we finalized an
agreement  with  Seagate to obtain excess vacuum system component from them.  We
are currently well into the reconfiguration of the Hoya system and are therefore
able  to  offer  it as an option for UltraCard.  Due to our favorable cost basis
for this system we could offer it to UltraCard for $3 million rather than the $6
million  cost  of  a  totally new system.  SciVac would fully warrant the system
with  our  standard  twelve-month warranty.  The UltraCard process requires more
layers  than  a  conventional  thin film disk process, therefore we will have to
manufacture  four  additional  stainless  steel  chambers.  At this stage we can
reconfigure  this system for UltraCard's needs with minimal changes.  The system
could  be  completed in the April/May time frame, which would allow for a couple
of  months  of  process  development  prior  to  shipping the system to your new
facility.  SciVac  still has its R&D system on which it will continue to develop
processes  concurrently  for  transfer  to  the  larger  system.

What  SciVac  needs to proceed with this plan is a purchase order for $3 million
with our standard 40% deposit. (This deposit amount is standard in the hard disk
industry.)  SciVac's  standard  terms

<PAGE>
Dan  Kehoe
February  10,  2000                                                Page  2

are  40%  with  order, 50% with shipment and 10% on acceptance. Since the system
could be completed prior to your new facility space being available, there would
be  a  good  window for process development and system characterization prior to
reinstallation. Based on the fact that the process work and system qualification
would  be  done  at SciVac, I suggest modified payment terms of 40% down, 30% on
completion  and  30%  after  installation  at  UltraCard.

One of my motivations in offering to sell you our in-house system is that SciVac
will  benefit  by  getting a quick deal done. SciVac is very close to completing
its  DWDM  filter  process  and when completed the valuation of the company will
change  significantly.  We  intend  to  initiate  an  IPO  process as soon as we
commence  volume  production.  Due  to  uncertainty  of the timing for producing
filters  we  are  considering  another private equity round. UltraCard's deposit
would  buy  us  additional  time  to  complete  the filters and thus potentially
eliminate  the  need  for the financing. It would also give SciVac added revenue
that  would  look  good for an IPO. (For your information we were just awarded a
$1.6  million  contract  with  Honeywell  and  we  also  received a $0.7 million
follow-on  order from Seagate for additional magnetrons. We are also negotiating
a  major  joint  venture  agreement  with  Toolex.)

I  am  sure  that  UltraCard is in need of temporary office space to accommodate
approximately  ten  people  until  your  new  facility is available this summer.
Fortunately,  SciVac just expanded its space this week. I propose SciVac provide
nine  cubicles,  one  office  and  up  to  2,000  square  feet  of lab space for
UltraCard's  use through July of this year. In the sprit of working together, we
are  please  to  offer  this  space  to  you  free  of  charge.

I  look  forward  to  your  response.

Regards,

/s/  David  B.  Pearce
David  B.  Pearce
President  &  CEO

<PAGE>
                                              QUOTATION
     [SciVac  Logo]                           Quote Number    10013
                                              Date            February 25, 2000

UltraCard                  PLEASE REFERENCE THIS QUOTATION TO YOUR ORDER
1550 Bascom Avenue         SciVac, Incorporated
Campbell, CA 95008-0656    871 Fox Lane
Attn.: Dan Keho            San Jose, CA 95131
                           Attn.: David Pearce
Phone:                     Phone: (408) 456-5700
Fax:                       Fax: (408) 456-5701

<TABLE>
<CAPTION>
RFQ Type   Terms  and  Conditions  Quote Expires In:  FOB                  Approximate  Delivery
Verbal     See  Page  2            60  days           San Jose, CA         June  1,  2000
Item  Qty  Description                                                     Unit Price    Extended Price
----  ---  -------------------------------------------------------------  -------------  ---------------
<S>  <C>   <C>                                                            <C>            <C>
   1    1  SciLine 1200 Vertical In-line sputtering system  per SciVac    $3,000,000.00  $  3,000,000.00
           System specification  SS A-1200v1.0 with the following
           major components.
           -  Rebuilt and Modified Leybold ZB1200 system
           -  Rebuilt Vacuum Pumping System
           -  Vertical transport and mounting of substrates onto pallet
              system
           -  Control System
           -  Pallet return system for single and production operation

           Final System Price Including Discount:                                        $  3,000,000.00
                                                                                         ---------------
</TABLE>

Note:  This  quote  is  contingent  upon  review  and  acceptance  of  all
       customer  specifications.  If  no  customer  specifications  are
       provided,  SciVac's  performance  specifications  will  be  used.

                                                   /s/  David  Pearce
                                                   -----------------------------
                                                   David Pearce, President & CEO

<PAGE>
                                                 QUOTATION
 [Logo] SciVac TM                                Quote Number  10013
                                                 Date          February 25, 2000

UltraCard                          PLEASE REFERENCE THIS QUOTATION TO YOUR ORDER
1550 Bascom Avenue                 SciVac, Incorporated
Campbell, CA 95008-0656            871 Fox Lane
Attn.: Dan Keho                    San Jose, CA 95131
                                   Attn.:  Steve Schultheis
Phone:                             Phone: (408) 456-5700
Fax:                               Fax: (408) 456-5701

     SYSTEM PRICE INCLUDES:
     a)  12 Month Warranty
     b)  Warranty excludes consumable and damage due to customer negligence
     c)  Process and Equipment demonstration after installation
     d)  Training in San Jose during pre-ship acceptance and at customer upon
         installation
     SPECIAL TERMS AND CONDITIONS
1    SHIPMENT :
     a)  FOB SciVac factory shipping dock
     b)  Freight-collect
     c)  By air-ride van
     Delivery date is subject to customer requested engineering specials
2    PAYMENT TERMS:
     a)  40% due with order
     b)  30% due upon system completion at SciVac, net 30 days
     30% due upon  installation  at UltraCard  and formal  acceptance or 60 days
     from shipment whichever occurs first assuming no fault of SciVac
3    TERMS AND CONDITIONS:
     This quotation is subject to SciVac Terms and Conditions
4    VALIDITY :
     This quotation is valid for 90 days from the date of  quotation
5    INSTALLATION :
     System will be initially built and installed at SciVac factory for the test
     and use by UltraCard  personnel  until UltraCard  Campbell,  CA facility is
     completed.  Upon  shipment to UltraCard  facility,  SciVac  personnel  will
     perform the installation and system start-up.  UltraCard is responsible for
     all  facilities,  riggers,  test  instruments  and  materials  at UltraCard
     facility in order to complete installation and system acceptance.

                                                   -----------------------------
                                                   David Pearce, President & CEO

<PAGE>
                                  SCILINE 1200

                      SYSTEM DESCRIPTION AND SPECIFICATION

                                  FOR ULTRACARD

                                  SS A-1200V1.0

                              SCIVAC, INCORPORATED

                                  871 FOX LANE

                             SAN JOSE, CA 95131 USA

                Vacuum  Systems  for  the  Next  Generation

              (C) Copyright  SciVac,  Incorporated,  2000

                                  Page 1 of 6
<PAGE>
                                   SCILINE1200
                               SYSTEM DESCRIPTION

1.0     OVER  VIEW
The  Sciline  1200  system  provides  the  advanced  technology required for the
sputtering  of materials for Ultra Card's magnetically encoded cards. The system
is  a  used  and  SciVac  modified  Laybold ZB1200 vertical in-line system which
utilizing  Leybold  vacuum  chamber  and  pallet transfer technology. The entire
pumping  system  consists  of  rebuilt  pumps  described later in this document.

The  system  consists  of  thirteen (13) process modules with a load and unloads
station at each end with a pallet return system for single sided system load and
unload operation. The system's process concept consists of the following process
modules.

          Module  Module Description

            1    Load Lock Module with Heater
                 System
            2    Heating Buffer Module
            3    Heating Module
            4    Dual Rotary Cylindrical Magnetron
            5    Dual Rotary Cylindrical Magnetron
            6    Heating Module
            7    3-Planar Magnetrons
            8    3-Planar Magnetrons
            9    High Vacuum  Buffer Module
           10    High Vacuum  Buffer Module
           11    Dual Rotary Cylindrical Magnetron
           12    High Vacuum  Buffer Module
           13    Unload Lock Module

All  of  the modules are constructed of stainless steel and have the same inside
dimensions.  The  Layout  of  the  vacuum  chamber modules is shown in Figure 1.

The  SciLine  1200  core  platform  includes:

-     In-Line  Pallet  Transfer  System
-     Manual  loading and unloading of pallets at pallet load and return station
-     Optical sensors for monitoring pallet positioning within the vacuum system
-     Allen  Bradley  PLC  with  Control  Logic  operating  system
-     Vacuum  pumping  system

                                  Page 2 of 6
<PAGE>
2.0  CHAMBER  MODULES

2.1  LOAD  LOCK  MODULE
The  Load  Lock Module provides atmospheric isolation to the high vacuum process
modules.  Additionally, heaters are incorporated to provide moisture out gassing
of  the  substrates  prior  to  any  subsequent  processing  steps.

2.2  HEATING  AND  HEATING  BUFFER  MODULES
The  Heating  Buffer  Module  consists  of a heating assembly substrate heating.

2.5  DUAL  ROTARY  CYLINDRICAL  MAGNETRON  MODULE
The  Dual  Rotary  Cylindrical  Magnetron  Module  utilizes SciVac's proprietary
advanced  cylindrical  rotary  magnetron  technology.  The  cylindrical  rotary
magnetron  is  designed for the deposition of dielectric and metallic films. The
architecture  is  specifically  designed  to offer the following advantages over
planer  magnetrons.

     -    Continuous  cleaning of the target surface to eliminate  poisoning and
          redepostion build up
     -    High target utilization and extended target life time
     -    Elimination  of  the  disappearing  anode  problems   associated  with
          reactive coatings
     -    Ability  to operate at high  power and low  pressure  to provide  high
          deposition rates and improved film nucleation
     -    High   deposition   uniformity   and  excellent   controlled   process
          repeatability
     -    Reduced substrate heating
     -    Zero latency dual metal deposition

A  DC  power  supply  electrically  powers  the  magnetron. The permanent magnet
assembly  can  be  rotationally orientated to the substrate and is water-cooled.
The  cylindrical  rotary  target  rotates  around the magnet assembly. When D.C.
power  is  applied  to  both  targets,  the sputtering process begins. A uniform
plasma  line discharge running the length of the target occurs. The substrate is
moved  in  front of the dual cylindrical targets to achieve uniform side-to-side
substrate deposition. As the substrate passes the sputter deposition region, the
target  material  is deposited on to the substrate. Process argon gas flow, D.C.
power,  and  target  rotation  speed  are  user  selectable.

Various target materials will be used dependent upon the location in the system.
Current  target  materials  are Titanium for TIN deposition, Chrome for thick Cr
base,  and  Carbon  as  overcoat.

                                  Page 3 of 6
<PAGE>
                                    [figure]

           FIGURE 2. CYLINDRICAL ROTARY MAGNETRON SCHEMATIC (TOP VIEW)

2.6  PLANER  MAGNETRONS
The  planar magnetrons are DC powered. When D.C. power is applied to the target,
the  sputtering  process  begins.  A uniform plasma discharge region running the
length  of  the  target  occurs.  The  substrate is moved in front of the planar
magnetron to achieve uniform side-to-side substrate deposition. As the substrate
passes the sputter deposition region, the target material is deposited on to the
substrate.  Process  argon  gas  flow, D.C. power, and target rotation speed are
user  selectable.

2.7  HIGH  VACUUM  BUFFER  MODULE
The High Vacuum Buffer Module provides vacuum isolation between process and load
lock  modules.  There  are no processing steps to be completed in these modules.

2.8  UNLOAD  LOCK  MODULE
The Unload Lock Module provides atmospheric isolation to the high vacuum process
modules.  Pallets with the substrates previously processed will enter the Unload
Lock  Module though entrance isolation door. Once the Load Lock Module is loaded
with a pallet, the entrance isolation door is closed and the module is vented to
atmosphere  using nitrogen gas. The Unload Lock module is evacuated with a Roots
blower  and  turbo  molecular  pump  system.

3.0  CONTROL  SYSTEM
The  SciLine  1200  electronic  and  software  control  system  includes  :
     -    Allen  Bradley  programmable  logic  controller  (PLC)  utilizing  the
          ControLogix  operating  system.  TCP/IP NetWare handles  communication
          between the PLC and the user interface.

                                  Page 4 of 6
<PAGE>
     -    The user  interface  utilizes an  industrial  grade PC with Windows NT
          operating system and view software.
     -    Full system  operation  to include  process  programming,  maintenance
          operations,  and data  collection  are  accomplished  through the user
          interface.
     -    Communication to host computer is available using and RS-232,  RS-422,
          or RS-485 port.
     -    The RS View  software  where  product and process data is kept is ODBC
          compliant,  Net DDE compliant and OLE for process  control  compliant.
          The software also supports TCP/IP and UDP/IP communication.
     -    The PLC communicates to the IO devices and sensors of the system via a
          Device Net interface.

4.0  VACUUM  SYSTEM
The  SciLine 1200 chamber module vacuum system configuration is shown in Table 1
below.  All  pumps are used and rebuilt and are included with the system at time
of  shipment.  One-year warranty applies to the entire system including the used
components.

     Chamber     Turbo Pump      Roots Blower     Mechanical
     Module                                          Pump
       1          Leybold          Leybold          Leybold
                  TMP 1500          WS251             D60

       2          Leybold                           Leybold
                  TMP 1500                           DB 65

       3          Leybold          Leybold         Leybold
                  TMP 1500         WSU1000          DB 65

       4                        Share Module     Share Module
                                3 Pump Stack     3 Pump Stack

       5          Leybold       Share Module     Share Module
                  TMP 1500      3 Pump Stack     3 Pump Stack

       6          Leybold       Share Module     Share Module
                  TMP 1500      3 Pump Stack     3 Pump Stack

       7          Leybold       Share Module     Share Module
                  TMP 1500      3 Pump Stack     3 Pump Stack

       8

       9          Leybold          Leybold         Leybold
                  TMP 1500         WSU1000          DB 65

      10          Leybold       Share Module     Share Module
                  TMP 1500      9 Pump Stack     9 Pump Stack

      11          Leybold       Share Module     Share Module
                  TMP 1500      9 Pump Stack     9 Pump Stack

      12          Leybold                          Leybold
                  TMP 1500                          DB 65

      13                           Leybold         Leybold
                                    WS251           DB 60

                Table  1.  Vacuum  System  Configuration

                                  Page 5 of 6
<PAGE>EXCLUSIVE LICENSE AGREEMENT

     THIS  EXCLUSIVE LICENSE AGREEMENT is entered into this 10th day of October,
1997  at  Newport  Beach,  California,  by  and between CardTech, Inc., a Nevada
corporation  ("Licensor") and UltraCard, Inc., a Nevada corporation ("Licensee")
with  reference  to  the  following  facts:

Acknowledgments
---------------

     1.   The parties hereto acknowledge that:

          (a)  CardTech holds the rights to technology  and know-how  concerning
               card-based  storage media and read/write  systems covered by U.S.
               Patents Nos.  4,742,410  issued May 3, 1988, and 5,107,099 issued
               April 21, 1992, and related foreign patents applied for under the
               Patent Cooperation Treaty, and CardTech is presently supervising,
               guiding and assisting in the  preparation  of  additional  patent
               application(s)   based  upon  and  incorporating  the  technology
               licensed hereby (hereinafter "CardTech Technology").

          (b)  UltraCard desires to develop and exploit the CardTech  Technology
               and to hold  and  exploit  the  license  granted  hereunder  with
               respect to both the presently issued patent and all future patent
               rights resulting from the filing of application(s) for additional
               patent(s)  relating  to  said  technology,  whether  such  patent
               application(s)  are presently in preparation,  or may be prepared
               and filed in the future.

          (c)  CardTech has agreed to grant to UltraCard an exclusive  worldwide
               license to use the CardTech Technology, to manufacture, assemble,
               market and sell products based upon or incorporating the CardTech
               Technology.

     Grant of Licens
     ------------------

     2.   CardTech  hereby grants to UltraCard an exclusive  world-wide  license
          (the  "License") to use the CardTech  Technology  and to  manufacture,
          assemble,  market and sell products  based upon or  incorporating  the
          CardTech  Technology,  subject  to the  terms and  conditions  in this
          Agreement.

     3.   CardTech  further grants to UltraCard the right to use the trademarks,
          patents,  trade names,  product  descriptions  and public  information
          pertaining  to the  CardTech  Technology  and any products or services
          which may become components or parts of products based on or using the
          CardTech Technology.

4.   CardTech  further  grants to UltraCard the right to make such  alterations,
     modifications  and  enhancements  ("Design  Improvements")  to the CardTech
     Technology as may be desired, and any such Design Improvements shall be and
     shall  remain the sole  property  of CardTech  subject  only to the License
     granted pursuant to this Agreement.

<PAGE>
5.   CardTech further agrees to take all necessary steps to guide and direct the
     preparation of additional  patent  application(s)  relating to the CardTech
     Technology.

     6.   CardTech  shall  not  compete  with   UltraCard  in  the   production,
          marketing,  or sale  of  products  based  upon  or  incorporating  the
          CardTech Technology.

     Sub-Licenses  and  Assignments
     ------------------------------

     7.   UltraCard  may  sub-license  or assign all or any part of the  License
          with the prior written  consent of CardTech which consent shall not be
          reasonably withheld, provided that:

          (a)  If the  sub-licensee  or  assignee  is a  company  controlled  by
               UltraCard, CardTech's consent shall not be required so long as it
               is a  condition  of  such  sub-license  or  assignment  that  the
               sub-licensee or assignee shall execute an agreement acceptable to
               CardTech under which the sub-licensee or assignee becomes a party
               to this  Agreement and agrees to be bound by all of the terms and
               conditions hereof;

          (b)  No sub-license or assignment shall relieve UltraCard of any other
               obligations hereunder;

          (c)  CardTech shall receive Thirty Percent (30%) of any  sub-licensing
               fees paid to  UltraCard,  payable  within  Seven  (7) Days  after
               receipt of such fees by UltraCard;

          (d)  CardTech  shall  receive a payment of Twelve and One Half Percent
               (12.5%) Of the first Ten Million Dollars ($10,000,000) of capital
               invested in UltraCard, and shall receive Five Percent (5%) of all
               additional  capital  invested  in  UltraCard,  said  payments  to
               CardTech to be made within  Seven (7) Days after each  investment
               payment is received by UltraCard.

     Term
     ----

     8.   The term  ("term") of the License  shall  commence upon the date first
          above written and shall expire upon the  expiration of the term of the
          last licensed patent to expire.

     License  Fee
     ------------

     9.   UltraCard,  shall pay an initial fee ("License  Fee") to CardTech,  as
          follows:

          (a)  Two  Million  Five  Hundred  Thousand  (2,500,000)  shares of the
               common stock of UltraCard, fully paid and non-assessable,  at the
               date of Closing (defined below);

          (b)  $15,000 payable at the date of Closing (defined below);

          (c)  $15,000  payable  within six (6) months after the date of Closing
               (defined below)

<PAGE>
[page  missing  in  hard  copy]

<PAGE>
Representations  and  Warranties  of  CardTech
----------------------------------------------

15.  CardTech  represents  and  warrants to  UltraCard  as  representations  and
     warranties  that are true as of the date of  Closing  (or such  other  date
     specified) that:

     (a)  CardTech  has full power and  authority to enter into and deliver this
          Agreement  and to complete the  transactions  contemplated  hereby and
          will not be in breach of or  default  under  any other  commitment  or
          obligation by which it is bound;

     (b)  No consents,  authorizations  or permits are  required  which have not
          been obtained;

     (c)  CardTech  holds all right,  title and  interest in and to the CardTech
          Technology free and clear of any encumbrance; and

     (d)  No litigation,  arbitration or  administrative  or other proceeding is
          presently  in  process,  pending or  threatened  against  CardTech  in
          connection with or relating to the CardTech Technology.

Representations  and  Warranties  of  UltraCard
-----------------------------------------------

16.  UltraCard  represents  and  warrants  to CardTech  as  representations  and
     warranties  that are true as of the date hereof that UltraCard has the full
     power and capacity to enter into and deliver this agreement and to complete
     the  transactions  contemplated  hereby  and will not be in breach of or in
     default under any other  commitment  or  obligation  by which  UltraCard is
     bound.

Termination  of  License
------------------------

17.  The License shall terminate:

     (a)  Immediately upon UltraCard  becoming  insolvent or bankrupt or subject
          of a petition in bankruptcy;

     (b)  In the event  UltraCard  fails to pay any  portion of the  License Fee
          which  is due or any  portion  of the  Royalty  Fee,  all as  required
          herein,  thirty  (30) days after  delivery  of notice by  CardTech  to
          UltraCard  specifying  such  default,  in which case the License shall
          immediately  become  non-exclusive  unless UltraCard shall have within
          such  thirty  (30) day period  made such  payment as required or cured
          such default or breach.

     (c)  In the event  UltraCard  fails to pay any portion of the Royalty  Fee,
          all as  required  herein,  or  defaults  under or is in  breach of any
          obligation  hereunder,  ninety  (90) days after  delivery of notice by
          CardTech to  UltraCard  specifying  such  default,  the License  shall
          immediately terminate unless UltraCard has within such ninety (90) day
          period made such payment as required or cured such default or breach.

<PAGE>
18.  If the License is terminated:

     (a)  All rights of UltraCard hereunder shall immediately end;

     (b)  UltraCard shall immediately  cease to use the CardTech  Technology and
          trademarks; and

     (c)  UltraCard  shall  promptly  return to CardTech all manuals,  programs,
          printed  matter,  literature  and other  documentation  in UltraCard's
          possession or control relating to the CardTech Technology.

19.  Closing of the  transactions  contemplated  herein  ("Closing")  will occur
     concurrent with the date of execution of this agreement.

Confidentiality
---------------

20.  Neither of the parties  hereto shall  disclose to any person not a party to
     this Agreement any information  relating to the CardTech Technology that is
     confidential  or designated as confidential by either of the parties hereto
     without  the prior  written  consent of the other  party  hereto,  and both
     parties shall cause each of their  employees and affiliates who have reason
     to have access to the  CardTech  Technology  and related  documentation  to
     execute appropriate confidential information and non-disclosure  agreements
     and to  otherwise  protect  the  respective  confidential  information  and
     non-disclosure agreements and to otherwise protect the respective existing,
     contemplated,  and ongoing  interests of the parties hereto to the CardTech
     Technology.

Indemnities  and  Infringement
------------------------------

     21.  The parties hereto indemnify each other as follows:

     (a)  UltraCard  agrees that  CardTech  shall not be liable to UltraCard for
          any  product  liability  claims,  or loss,  damage or expense  arising
          therefrom,  whether caused directly or indirectly by the inadequacy of
          the CardTech Technology for any purpose or by any deficiency or defect
          therein or any  interruption or loss or service or use of the CardTech
          Technology or any loss of business by UltraCard or end-users  that may
          arise as a result of  UltraCard's  use of the CardTech  Technology  or
          sale of products  based upon or  containing  the CardTech  Technology.
          UltraCard shall defend,  indemnify and hold CardTech  harmless against
          any such product  liability  claims or losses,  damages or expenses or
          actions in respect thereof or related thereto.

     (b)  CardTech  shall  indemnify  UltraCard  against  all  damages  and cost
          payable by UltraCard as a result of any claim that  UltraCard's use of
          the CardTech  Technology has infringed any copyright,  patent right or
          other  proprietary  right.  However,  except  as  expressly  set forth
          herein,  CardTech  shall have no  liability  with respect to any other
          industrial or intellectual  property right  whatsoever and UltraCard's
          indemnity shall not apply to any of the following:

<PAGE>
          (1)  Claims  in  relation  to  products  which  do not  relate  to the
               CardTech Technology; and

          (2)  Any  combination of the CardTech  Technology with other programs,
               products  or  trademarks,  where an  infringement  would not have
               arisen in the absence of such combination.

Notices
-------

22.  Any notice to be given  pursuant to this  Agreement  by either party to the
     other  must be in  writing  and  may be  delivered  or  mailed  by  prepaid
     registered mail to such address as is specified by the particular  party by
     notice to the other.  Any notice sent as aforesaid  shall be deemed to have
     been given and  received at the time of delivery  and any notice  mailed as
     aforesaid shall be deemed to have been given on the date of the receipt.

Arbitration
-----------

23.  The parties  hereto agree that any disputes  arising out of this  Agreement
     shall be finally  settled by arbitration  and such  arbitration  shall be a
     condition  precedent  to the  commencement  of any action at law.  The sole
     exception to arbitration  shall be any matter involving the  interpretation
     or  enforceability  of  any  trademarks,   patents,   copyrights  or  other
     proprietary matters.

Binding  Effect
---------------

24.  Upon  execution  of  this  Agreement  and  payment  of the  License  Fee in
     accordance  with  the  provisions  of  Section  9  hereof,  the  terms  and
     provisions herein contained will be and are intended to be binding upon the
     parties hereto and shall be specifically enforceable in accordance with the
     terms of this Agreement

Further  Assurances
-------------------

25.  The parties  hereto agree to perform or cause to be performed all such acts
     and deeds as may be required to give full force and effect to the terms and
     provisions set out herein and to cooperate with each other and each other's
     counsel in the preparation, execution and delivery of any and all documents
     or  instruments  necessary  to give full  force and effect to the terms and
     provisions set out herein.

Currency
--------

26.  Reference to dollars ($) in this Agreement shall mean United States dollars
     (U.S. $).

<PAGE>
November  7,  1998
Ms.  Celeste  Sim
UltraCard,  Inc
5001  Birch  St.
New  Port  Beach.  CA

Dear  Ms.  Sim,

Pursuant  to  our  recent  discussions regarding the exclusive license Agreement
dated  October  10, 1997 between CardTech, Inc. and UltraCard, Inc the following
changes  have  been  agreed  to  and  accepted  by  all  of  the  parties:

1.     Section  7.  a.  b.  &  c  are  hereby  waived.
2.     Section  7  d. is changed to reflect a maximum amount paid to CardTech of
       no  more  than  million  dollars  ($3,000,000). To be paid at a pro rata
       rate of 12.5%  of  capital  invested  into  UltraCard,  Inc.
3.     Section  9.a.b  &  c.  are  fully  satisfied.
4.     Section  11  is  modified  to  allow the first year royalty to be paid as
       follows:  Seventy-five  thousand  dollars($75,000)  due on or before
       November 9, 1998;  and two hundred twenty, five thousand dollars
       ($225,000) due on or before January  11,  1999
5.     Section  14.  B.  is  waived.

All other terms and conditions of the agreement remain in full force and effect.

Very  truly  yours,

/s/  XXX,  President
----------------------------
CardTech,  Inc.

Cc:  Mr.  Daniel  Bland
     Upgrade  International  Corp

<PAGE>
November  7,  1998

Mr.  Daniel  S.  Bland
Upgrade  International  Corp
Ste.  101-435  Martin  St.
Blaine,  WA

Dear  Mr.  Bland,

Pursuant  to  our  recent  discussions regarding the exclusive license Agreement
dated  October  10, 1997 between CardTech, Inc. and UltraCard, Inc the following
changes  have  been  agreed  to  and  accepted  by  all  of  the  parties:

1.   Section 7. a. b. & c are hereby waived.
2.   Section 7 d. is changed to reflect a maximum  amount paid to CardTech of no
     more than million  dollars  ($3,000,000).  To be paid at a pro rata rate of
     12.5% of capital invested into UltraCard, Inc.
3.   Section 9.a.b & c. are fully satisfied.
4.   Section  11 is  modified  to allow the  first  year  royalty  to be paid as
     follows:  Seventy-five thousand  dollars($75,000) due on or before November
     9, 1998; and two hundred twenty five thousand dollars  ($225,000) due on or
     before January 11, 1999
5.   Section 14: B. is waived.

All other terms and conditions of the agreement remain in full force and effect.

Please  acknowledge  by signing below if you are in agreement with these points.

Very  truly  yours,

XXX,  President
-------------------------
UltraCard,  Inc.

Acknowledged  and  agreed  to  this  7th  day  of  November  98

/s/  Daniel  S.  Bland,  President
----------------------------------
Upgrade  International  Corp

<PAGE>
November  7,  1998

Mr.  Daniel  S.  Bland
Upgrade  International  Corp
Ste.  1010-435  Martin  St.
Blaine,  WA

Dear  Mr.  Bland,

Pursuant  to  our  recent  discussions  regarding  the  issuance of an exclusive
distribution license to Global CyberSystems, SA a Suisse Corporation for Europe,
dated  November  7,  1998  with  a  copy  attached  and incorporated herein, the
following  represents  the  salient  points  of  our  agreement:

1.   UltraCard,  Inc and Upgrade International Corp. each own fifty percent (50)
     of the stock as bearer shares of Global CyberSystems, SA.
2.   Global CyberSystems, SA shall proceed with an Initial public offering (IPO)
     on the Nouveau Marche, Paris, France at its earliest opportunity.
3.   The IPO shall  offer  twenty  five  percent  (25%) of its stock for Seventy
     million dollars  ($70,000,000.00)  leaving respective shares to each party,
     at thirty seven and one half percent  (37.5%) to each Upgrade and UltraCard
     or assigns.

Please  acknowledge  by signing below if you are in agreement with these points.

Very  truly  yours,

/s/  XXX,  President
--------------------
UltraCard,  Inc.

/s/  Daniel  S.  Bland,  President
----------------------------------
Upgrade  International  Corp

<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}]]