Document:

ex10.htm

     

    

    AMENDED
      AND RESTATED

     

    AGREEMENT
      AND PLAN OF MERGER

    AMONG

    

    TRUSTCASH
      HOLDINGS, INC.

    

    TCHH
      ACQUISITION CORP.

    

    AND

    

    PAIVIS,
      CORP.

     

    

    DATED
      AS OF FEBRUARY 5, 2008

     

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

    

    TABLE
      OF CONTENTS

    
      	
              ARTICLE
                I - THE MERGER

            	 
	 	 
	
              Section
                1.01                                
                The Merger

            	 
	
              Section
                1.02                                
                Closing

            	 
	
              Section
                1.03                                
                Effective Time

            	 
	
              Section
                1.04                                
                Effect of the Merger

            	 
	
              Section
                1.05                                
                Certificate of Incorporation and Bylaws; Directors and
                Officers

            	 
	
              Section
                1.06                                
                Further Actions

            	 
	
              Section
                1.07                                
                Conversion

            	 
	
              Section
                1.08                                
                Exchange and Surrender of Certificates

            	 
	
              Section
                1.09                                
                Financing

            	 
	
              Section
                1.10                                
                Restriction of Resales

            	 
	
              Section
                1.11                                
                Issuance of Parent Common Stock

            	 
	 	 
	 	 
	
              ARTICLE
                II - REPRESENTATIONS AND WARRANTIES OF PARENT

            	 
	 	 
	
              Section
                2.01                                
                Organization, Standing and Power

            	 
	
              Section
                2.02                                
                Capitalization

            	 
	
              Section
                2.03                                
                Authority for Agreement

            	 
	
              Section
                2.04                                
                Status of SUB and PARENT; Financial Statements

            	 
	
              Section
                2.05                                
                Governmental Consent

            	 
	
              Section
                2.06                                
                Litigation

            	 
	
              Section
                2.07                                
                Interested Party Transactions

            	 
	
              Section
                2.08                                
                Compliance with Applicable Laws

            	 
	
              Section
                2.09                                
                No Undisclosed Liabilities

            	 
	
              Section
                2.10                                
                Tax-Free Reorganization

            	 
	
              Section
                2.11                                
                Board Approval

            	 
	
              Section
                2.12                                
                Full Disclosure

            	 
	
              Section
                2.13                                
                Brokers and Finders Fees

            	 
	
              Section
                2.14                                
                PARENT SEC Reports

            	 
	 	 

    

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    
      	
              ARTICLE
                III - REPRESENTATIONS AND WARRANTIES OF TARGET

            	 
	 	 
	
              Section
                3.01                                
                Organization, Standing and Power

            	 
	
              Section
                3.02                                
                Capitalization

            	 
	
              Section
                3.03                                
                Authority for Agreement

            	 
	
              Section
                3.04                                
                Subsidiaries

            	 
	
              Section
                3.05                                
                Stockholders

            	 
	
              Section
                3.06                                
                Governmental Consent

            	 
	
              Section
                3.07                                
                Status of TARGET, Financial Statements

            	 
	
              Section
                3.08                                
                Litigation

            	 
	
              Section
                3.09                                
                Restrictions on Business Activities

            	 
	
              Section
                3.10                                
                Interested Party Transactions

            	 
	
              Section
                3.11                                
                Compliance with Applicable Laws

            	 
	
              Section
                3.12                                
                Governmental Authorization

            	 
	
              Section
                3.13                                
                Absence of Changes

            	 
	
              Section
                3.14                                
                Operations Since Financial Statements Date

            	 
	
              Section
                3.15                                
                No Undisclosed Liabilities

            	 
	
              Section
                3.16                                
                Accounts Receivable

            	 
	
              Section
                3.17                                
                Insurance

            	 
	
              Section
                3.18                                
                Title to Properties; Liens

            	 
	
              Section
                3.19                                
                Material Contracts

            	 
	
              Section
                3.20                                
                Non-Contravention

            	 
	
              Section
                3.21                                
                Labor relations

            	 
	
              Section
                3.22                                
                Tax Returns and Payment

            	 
	
              Section
                3.23                                
                Intellectual Property

            	 
	
              Section
                3.24                                
                Environmental Matters

            	 
	
              Section
                3.25                                
                Employment Agreements

            	 
	
              Section
                3.26                                
                Warranty claims

            	 
	
              Section
                3.27                                
                Brokers’ and Finders’ Fees

            	 
	
              Section
                3.28                                
                Board Approval

            	 
	
              Section
                3.29                                
                Full Disclosure

            	 
	
              Section
                3.30                                
                TARGET SEC Reports

            	 
	 	 

    

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    
      	
              ARTICLE
                IV - CERTAIN COVENANTS AND AGREEMENTS

            	 
	 	 
	
              Section
                4.01                                
                Covenants of TARGET

            	 
	
              Section
                4.02                                
                Covenants of SUB and PARENT

            	 
	
              Section
                4.03                                
                Covenants of the Parties

            	 
	 	 
	
              ARTICLE
                V - CONDITIONS PRECEDENT

            	 
	 	 
	
              Section
                5.01                                
                Conditions Precedent to the Parties' Obligations

            	 
	
              Section
                5.02                                
                Conditions Precedent to the Obligations of SUB and PARENT

            	 
	
              Section
                5.03                                
                Conditions Precedent to the Obligations of TARGET

            	 
	 	 
	
              ARTICLE
                VI - TERMINATION, AMENDMENT AND WAIVER

            	 
	 	 
	
              Section
                6.01                                
                Termination

            	 
	
              Section
                6.02                                
                Effect of Termination

            	 
	 	 
	
              ARTICLE
                VII - CONFIDENTIALITY; NON-SOLICITATION; EXCLUSIVITY

            	 
	 	 
	
              Section
                7.01                                
                Confidentiality

            	 
	
              Section
                7.02                                
                Non-Solicitation

            	 
	
              Section
                7.03                                
                Exclusivity

            	 
	 	 
	
              ARTICLE
                VIII - INDEMNIFICATION

            	 
	 	 
	
              Section
                8.01                                
                Indemnification by SUB and PARENT

            	 
	
              Section
                8.02                                
                Indemnification by TARGET

            	 
	
              Section
                8.03                                
                Survival of Indemnification

            	 
	 	 

    

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    
      	
              ARTICLE
                IX - MISCELLANEOUS

            	 
	 	 
	
              Section
                9.01                                
                Non-survival of Representations and Warranties

            	 
	
              Section
                9.02                                
                Expenses

            	 
	
              Section
                9.03                                
                Applicable Law

            	 
	
              Section
                9.04                                
                Notices

            	 
	
              Section
                9.05                                
                Entire Agreement

            	 
	
              Section
                9.06                                
                Assignment

            	 
	
              Section
                9.07                                
                Headings; References

            	 
	
              Section
                9.08                                
                Counterparts

            	 
	
              Section
                9.09                                
                No Third Party Beneficiaries

            	 
	
              Section
                9.10                                
                Severability; Enforcement

            	 
	 	 
	
              List
                of Schedules

            	 
	
              PARENT
                Disclosure Schedule

            	 
	
              SUB
                Disclosure Schedule

            	 
	 	 
	
              EXHIBITS

            	 
	
              Merger
                Certificate  A

            	 

    

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    AMENDED
      AND RESTATED AGREEMENT AND PLAN OF MERGER

    

    AMENDED
      AND RESTATED AGREEMENT AND
      PLAN OF MERGER dated as of February 5, 2008 (the “Agreement”) by and
      among TRUSTCASH HOLDINGS, INC., a Delaware corporation (“PARENT”), TCHH
      ACQUISITION CORP., a Nevada corporation (“SUB”) and PAIVIS,
      CORP., a Nevada corporation (“TARGET”).  PARENT,
      SUB and TARGET are each referred to herein individually as a “Party” and
      collectively as the “Parties.”

    

    PREAMBLE

    

    WHEREAS,
      the respective Boards
      of Directors of each of PARENT, SUB and TARGET deem it advisable and in the
      best
      interests of each corporation and its respective shareholders, that SUB and
      TARGET combine in order to advance the long-term business strategies of PARENT
      and TARGET;

    

    WHEREAS,
      the Board of
      Directors of TARGET has unanimously determined that the merger of SUB with
      and
      into TARGET (the “Merger”) and this Agreement are fair to, and in the best
      interests of, TARGET and the holders of all the common stock of TARGET, par
      value $0.0002 per share (the “TARGET Common Stock”);

    

    WHEREAS,
      the Board of
      Directors of PARENT has unanimously determined that the Merger and this
      Agreement are fair to, and in the best interests of, PARENT and the holders
      of
      the common stock of Parent, par value $0.001 per share (the “PARENT Common
      Stock”);

    

    WHEREAS,
      the respective Boards
      of Directors of each of PARENT, SUB and TARGET have approved this Agreement
      and
      the Merger on the terms and conditions contained in this Agreement and in so
      doing, have recommended approval of the Merger to the shareholders of the
      respective corporations;

    

    WHEREAS,
      PARENT, as the sole
      stockholder of SUB, has approved this Agreement, the Merger and the transactions
      contemplated by this Agreement pursuant to action taken by unanimous written
      consent in accordance with the requirements of the Nevada Revised
      Statutes;

    

    WHEREAS,
      for federal income
      tax purposes, it is intended by the parties hereto that the Merger shall qualify
      as a tax-free “reorganization” within the meaning of Section 368 of the Internal
      Revenue Code of 1986, as amended (the “Code”).

    

    NOW,
      THEREFORE, in
      consideration of the foregoing and the respective representations, warranties,
      covenants and agreements contained in this Agreement and intending to be legally
      bound hereby, the parties hereto agree as follows:

    

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    CERTAIN
      DEFINITIONS

    

    As
      used in this Agreement, the
      following terms shall have the meanings set forth below:

    

    “Applicable
      Law” means any domestic or foreign law, statute, regulation, rule, policy,
      guideline or ordinance applicable to the businesses of the Parties, the Merger
      and/or the Parties.

    

    “Common
      Stock” means the common stock of PARENT, par value $0.001 per
      share.

    

    “Commission”
      means the United States Securities and Exchange Commission.

    

    “Dollar”
      and “$” means lawful money of the United States of America.

    

    “Exchange
      Act” means the Securities Exchange Act of 1934, as amended.

    

    “GAAP”
      means generally accepted accounting principles in the United States of America
      as promulgated by the American Institute of Certified Public Accountants and
      the
      Financial Accounting Standards Board or any successor Institutes concerning
      the
      treatment of any accounting matter, and applied in a consistent
      manner.

    

    “Knowledge”
      means the knowledge, which either is obtained after reasonable inquiry, or
      which
      would have been obtained if one made a reasonable inquiry.

    

    “Lien”
      means, with respect to any property or asset, any mortgage, lien, pledge,
      charge, security interest, encumbrance or other adverse claim of any kind in
      respect of such property or asset.

    

    “Material
      Adverse Effect” with respect to any entity or group of entities means any event,
      change or effect that has or would have a materially adverse effect on the
      financial condition, business or results of operations of such entity or group
      of entities, taken as a whole.

    

    “Parent”
      means Trustcash Holdings, Inc., a Delaware corporation.

    

    “Parent
      Disclosure Schedule” means the disclosure schedule delivered by Parent to Target
      concurrently with the execution and delivery of this Agreement, as the same
      may
      be amended or supplemented by Parent.

    

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    “Parent
      SEC Reports” means all filings required to be made by Parent with, or submitted
      by Parent to, the Commission under the Securities Act and the Exchange
      Act.

    

    “Person”
      means any individual, corporation, partnership, limited liability company,
      trust
      or unincorporated organization or a government or any agency or political
      subdivision thereof.

    

    “Securities
      Act” means the Securities Act of 1933, as amended.

             

    “Shares”
means
      the issued and
      outstanding shares of TARGET Common Stock.

    

    “Target
      SEC Reports” means all filings required to be made by Target with, or submitted
      by Target to, the Commission under the Securities Act and the Exchange
      Act.

    

    “Tax”
      (and, with correlative meaning, “Taxes” and “Taxable”) means:

    

    (i)
      any net income, alternative or
      add-on minimum tax, gross income, gross receipts, sales, use, ad valorem,
      transfer, franchise, profits, license, withholding, payroll employment, excise,
      severance, stamp, occupation, property, environmental or windfall profit tax,
      custom, duty or other tax, governmental fee or other like assessment or charge
      of any kind whatsoever together with any interest or any penalty, addition
      to
      tax or additional amount imposed by any governmental entity (a “Tax Authority”)
      responsible for the imposition of any such tax (domestic or foreign),
      and

    

    (ii)
      any liability for the payment of
      any amounts of the type described in clause (i) above as a result of being
      a
      member of an affiliated, consolidated, combined or unitary group for any Taxable
      period, and

    

    (iii)
      any liability for the payment of
      any amounts of the type described in clauses (i) or (ii) above as a result
      of
      any express or implied obligation to indemnify any other person.

    

    “Tax
      Return” means any return, statement, report or form, including, without
      limitation, estimated Tax Returns and reports, withholding Tax Returns and
      reports and information reports and returns required to be filed with respect
      to
      Taxes.

    

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    ARTICLE
      I

    THE
      MERGER

    

    SECTION
      1.01  THE MERGER

    

    Upon
      the terms and subject to the
      conditions set forth in this Agreement and in accordance with the statutes
      of
      the State of Nevada, at the Effective Time (as defined herein), SUB shall be
      merged with and into TARGET, the separate existence of SUB shall cease and
      TARGET shall continue as the surviving entity of the Merger (where appropriate,
      the “Surviving Entity”).

    

    SECTION
      1.02  CLOSING

    

    The
      closing of the Merger (the
“Closing”) will take place at the offices of the PARENT AND SUB , at 400 Park
      Avenue Suite 1420 NY, NY 10022, on the day immediately following the
      satisfaction or waiver of the conditions precedent set forth in Article V or
      at
      such other date as SUB and TARGET shall agree; provided,
      however, that (a) the Parties shall use their best efforts to effect the
      Closing on or before March 31, 2008, or as soon thereafter as is practicable,
      and (b) the Closing may take place by facsimile or other means as may be
      mutually agreed upon in advance by the Parties. The date on which the Closing
      is
      held is referred to in this Agreement as the “Closing
      Date.”  Unless extended in writing by each of the PARENT and
      TARGET in the event the Closing shall not occur by June 30, 2008 (the “Outside Closing
      Date”) then either PARENT or TARGET may terminate this Agreement without
      any further liability to the other.

     

    SECTION
      1.03  EFFECTIVE TIME

    

    On
      the Closing Date, the Parties shall
      cause the Merger to be effective by the filing of articles or a certificate
      of
      merger, and the Merger shall become effective immediately upon the acceptance
      of
      such filings, (the “Merger Certificate”)
      with the Secretary of State of the State of Nevada in substantially the form
      attached hereto as Exhibit A executed
      in
      accordance with the relevant provisions of the statutes of the Nevada Revised
      Statutes. The Merger shall become effective at the time such Merger Certificate
      is duly accepted for filing or at such other time as may be specified as the
      date and time of effectiveness in the Merger Certificate, (the “Effective Time”). The
      date on which the Effective Time occurs is referred to as the “Effective
      Date.”

    

    SECTION
      1.04  EFFECT OF THE MERGER

    

    At
      and after the Effective Time, the
      Merger shall be effective as provided in the applicable provisions of the Nevada
      Revised Statutes.  The existence of TARGET, as the Surviving Entity,
      with all of its purposes and powers, shall continue unaffected and unimpaired
      by
      the Merger, and, as the Surviving Entity, it shall be governed by the laws
      of
      the State of Nevada and succeed to all rights, assets, liabilities and
      obligations of SUB in accordance with the Nevada Revised Statutes. Without
      limiting the generality of the foregoing, and subject thereto, at the Effective
      Time, except as otherwise provided herein, all the property, rights, privileges,
      powers and franchises of SUB shall vest in the Surviving Entity, and all debts,
      liabilities and duties of SUB shall become the debts, liabilities and duties
      of
      the Surviving Entity. The separate existence and corporate organization of
      SUB
      shall cease at the Effective Time and thereafter SUB and TARGET shall be a
      single entity, to wit, the Surviving Entity.

    

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    SECTION
      1.05  CERTIFICATE OF INCORPORATION AND BYLAWS; DIRECTORS AND
      OFFICERS

     

    Pursuant
      to the Merger:

    
      

      
        	
                (i)  

              	
                The
                  Certificate of Incorporation and Bylaws of TARGET as in effect
                  immediately
                  prior to the Effective Time shall be the Certificate of Incorporation
                  and
                  Bylaws of the Surviving Entity following the Merger, until thereafter
                  changed or amended as provided therein or by applicable
                  law.

              

      

      
        	
                (ii)  

              	
                The
                  officers and directors of the Parent following the Merger shall
                  be those
                  persons listed on Schedule
                  1.05(a), until the earlier of their death, resignation or removal
                  or until their respective successors are duly appointed and
                  qualified.

              

      

      
        	
                 

              	
                 

              

      

    

    SECTION
      1.06  FURTHER ACTIONS

    

    If
      at any time after the Effective
      Time, SUB and TARGET shall consider or be advised that any further assignment
      or
      assurances or any other things that are necessary or desirable to vest, perfect
      or confirm, of record or otherwise, in the Surviving Entity, the title to any
      property or right of SUB acquired or to be acquired by reason of or as a result
      of the Merger, then SUB and TARGET and their respective officers and directors
      in office shall use all reasonable efforts to execute and deliver, or cause
      to
      be executed and delivered, all such proper deeds, assignments and assurances
      and
      do all things reasonably necessary and proper to vest, perfect or confirm title
      to such property or rights in the Surviving Entity and otherwise carry out
      the
      purpose of this Agreement, and the officers of SUB and the Surviving Entity
      are
      fully authorized in the name of TARGET or otherwise to take any and all such
      action with the same effect as if such persons were officers of
      TARGET.

    

    SECTION
      1.07  CONVERSION

    

              As
      of the Effective Time, by virtue of the Merger and without any action on the
      part of SUB or TARGET:

    

    
      	
              (i)  

            	
              SUB
                shares of Common Stock.  Each share of Common Stock of SUB
                issued and outstanding immediately prior to the Effective Time shall
                be
                converted into one fully paid and nonassessable share of common stock
                of
                the Surviving Corporation.

            

    

    
      	
              (ii)  

            	
              Cancellation
                of
                Treasury Stock and Parent-Owned Stock. All Shares that are owned by
                the TARGET and any Shares owned by Parent, SUB or any of their respective
                Subsidiaries shall be cancelled and shall cease to exist, and no
                consideration shall be delivered in exchange
                therefor.

            

    

    
      	
              (iii)  

            	
              Conversion
                of
                Shares. Each issued and outstanding Share of TARGET (other than
                Shares to be cancelled in accordance with Section 1.07(ii) shall be
                converted into the right to receive $0.10 payable to the holder thereof
                in
                cash without interest (the “Cash Consideration”),  plus one
                share of common stock of the Parent (the “ Issuable Shares”). The Cash
                Consideration together with the Issuable Shares is herein referred
                to as
                the “Merger
                Consideration”. From and after the Effective Time, all such Shares
                shall no longer be outstanding and shall automatically be cancelled
                and
                shall cease to exist, and each holder of a Share shall cease to have
                any
                rights with respect thereto, except the right to receive the Merger
                Consideration therefor upon the surrender of such Share in accordance
                with
                Section 1.08, without interest
                thereon.

            

    

    
      	
              (iv)  

            	
              Fractional
                Shares. In calculating the number of Issuable Shares to issue to
                each TARGET shareholder, general rounding principles should control
                the
                actual calculation, which shall result in no issuance of any fractional
                shares to the TARGET shareholders.

            

    

    
      	
              (v)  

            	
              Full
                Satisfaction of
                Rights.  All Issuable Shares into which the Shares shall
                have been converted pursuant to this Article 1 shall be deemed to
                have
                been issued in full satisfaction of all rights pertaining to the
                Shares.

            

    

    
      	
              (vi)  

            	
              Adjustment
                to Merger
                Consideration. The Merger Consideration shall be adjusted
                appropriately to reflect the effect of any stock split, reverse stock
                split, stock dividend (including any dividend or distribution of
                securities convertible into Common Stock), cash dividend, reorganization,
                recapitalization, reclassification, combination, exchange of shares
                or
                other like change with respect to Common Stock occurring on or after
                the
                date hereof and prior to the Effective
                Time.

            

    

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

    
      SECTION
        1.08     EXCHANGE AND SURRENDER OF CERTIFICATES

    

    
      	
               

            	
            

    

    
      	
              (i)  

            	
              Paying
                Agent.
                Prior to the Effective Time, Purchaser shall designate an escrow
                agent,
                bank or trust company to act as the payment agent in connection with
                the
                Merger (the “Paying
                Agent”).
                Parent or SUB shall deposit, or cause to be deposited, funds with
                the
                Paying Agent on the next Business Day following the Effective Time
                in the
                amount necessary to enable the Paying Agent to make payments of the
                Merger
                Consideration pursuant to Section 1.08(ii). Such funds shall be
                invested by the Paying Agent as directed by Parent, in its sole
                discretion, pending payment thereof by the Paying Agent to the holders
                of
                the Shares. Earnings from such investments shall be the sole and
                exclusive
                property of Parent, and no part of such earnings shall accrue to
                the
                benefit of holders of Shares.

            

    

    
      	
              (ii)  

            	
              Procedures
                for
                Surrender. Promptly after the Effective Time, the Paying Agent
                shall mail to each holder of record of a certificate or certificates
                which
                immediately prior to the Effective Time represented outstanding Shares
                (the “Certificates”)
                or non-certificated Shares represented by book-entry (“Book-Entry
                Shares”) and whose Shares were converted pursuant to
                Section 1.07 into the right to receive the Merger Consideration
                (i) a letter of transmittal (which shall specify that delivery shall
                be effected, and risk of loss and title to the Certificates shall
                pass,
                only upon delivery of the Certificates to the Paying Agent and shall
                be in
                such form and have such other provisions as mutually agreed by the
                Company
                and Parent) and (ii) instructions for effecting the surrender of
                the
                Certificates or Book-Entry Shares in exchange for payment of the
                Merger
                Consideration. Upon surrender of a Certificate or Book-Entry Share
                for
                cancellation to the Paying Agent or to such other agent or agents
                as may
                be appointed by Parent (i.e. the stock transfer agent of the Parent
                being
                Signature Stock Transfer, Inc., 2301 Ohio Drive, Suite 100, Plano,
                Texas,
                75093), together with such letter of transmittal, duly executed,
                the
                holder of such Certificate or Book-Entry Share shall be entitled
                to
                receive promptly in exchange therefor the Merger Consideration for
                each
                Share formerly represented by such Certificate and for each Book-Entry
                Share and the Certificate so surrendered shall forthwith be cancelled.
                If
                payment of the Merger Consideration is to be made to a Person other
                than
                the Person in whose name the surrendered Certificate is registered,
                it
                shall be a condition precedent of payment that (A) the Certificate so
                surrendered shall be properly endorsed or shall be otherwise in proper
                form for transfer and (B) the Person requesting such payment shall
                have
                paid any transfer and other similar taxes required by reason of the
                payment of the Merger Consideration to a Person other than the registered
                holder of the Certificate surrendered or shall have established to
                the
                satisfaction of the Surviving Corporation that such tax either has
                been
                paid or is not required to be paid. Until surrendered as contemplated
                by
                this Section 1.08, each Certificate shall be deemed at any time after
                the Effective Time to represent only the right to receive the Merger
                Consideration in cash as contemplated by this Section 1.08, without
                interest thereon. The Surviving Corporation shall pay all charges
                and
                expenses, including those of the Paying Agent, in connection with
                the
                exchange of Merger Consideration for
                Shares.

            

    

    
      	
              (iii)  

            	
              Closing
                of Transfer
                Books; No Further Ownership Rights in Shares. At the Effective
                Time, the stock transfer books of the Company shall be closed and
                thereafter there shall be no further registration of transfers of
                Shares
                on the records of the Company. From and after the Effective Time,
                the
                holders of Certificates outstanding immediately prior to the Effective
                Time shall cease to have any rights with respect to such Shares except
                as
                otherwise provided for herein or by applicable law. If, after the
                Effective Time, Certificates are presented to the Surviving Corporation
                for any reason, they shall be cancelled and exchanged as provided
                in this
                Article I.

            

    

    
      	
              (iv)  

            	
              Termination
                of Fund;
                No Liability. At any time following one year after the Effective
                Time, the Surviving Corporation shall be entitled to require the
                Paying
                Agent to deliver to it any funds (including any interest received
                with
                respect thereto) made available to the Paying Agent and not disbursed
                (or
                for which disbursement is pending subject only to the Paying Agent’s
                routine administrative procedures) to holders of Certificates or
                Book-Entry Shares, and thereafter such holders shall be entitled
                to look
                only to the Surviving Corporation (subject to abandoned property,
                escheat
                or other similar laws) only as general creditors thereof with respect
                to
                the Merger Consideration payable upon due surrender of their Certificates
                and compliance with the procedures in Section 2.2(b), without any
                interest thereon. Notwithstanding the foregoing, none of Parent,
                the
                Surviving Corporation nor the Paying Agent shall be liable to any
                holder
                of a Certificate or Book-Entry Shares for Merger Consideration properly
                delivered to a public official pursuant to any applicable abandoned
                property, escheat or similar law.

            

    

    
      	
              (v)  

            	
              Lost,
                Stolen or
                Destroyed Certificates. In the event that any Certificates shall
                have been lost, stolen or destroyed, the Paying Agent shall issue
                in
                exchange for such lost, stolen or destroyed Certificates, upon the
                making
                of an affidavit of that fact by the holder thereof, the Merger
                Consideration payable in respect thereof pursuant to Section 2.1
                hereof; provided,
however,
                that
                Parent may, in its discretion and as a condition precedent to the
                payment
                of such Merger Consideration, require the owners of such lost, stolen
                or
                destroyed Certificates to deliver a bond in such sum as it may reasonably
                direct as indemnity against any claim that may be made against Parent,
                the
                Surviving Corporation or the Paying Agent with respect to the Certificates
                alleged to have been lost, stolen or
                destroyed.

            

    

    

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

    

    
      SECTION
        1.09      FINANCING 

    

    

    The
      Parties agree that Closing is subject to the execution by Parent of an agreement
      for an equity or debt financing to the Parent of up to Twenty Million Dollars
      ($20,000,000) but no less than Sixteen Million Dollars ($16,000,000) on terms
      agreeable to both Parent and Target for the purposes of completing the
      acquisition of Detroit Phone Cards Inc. (“DPC”), AAAA Media Services Ltd. (“A4”)
      by the Target, the payment of the Cash Consideration portion of the Merger
      Consideration hereunder and working capital for the Parent (“the
      Financing”).

    

    The
      Closing is further subject to the Financing being advanced to the Parent on
      or
      before Closing.

    

    
      SECTION
        1.10    RESTRICTIONS ON RESALE 

    

    

    All
      series of the Issuable Shares of
      the PARENT will not be registered under the Securities Act, or the securities
      laws of any state, and absent an exemption from registration contained in such
      laws, cannot be transferred, hypothecated, sold or otherwise disposed of until;
      (i) a registration statement with respect to such securities is declared
      effective under the Securities Act, or (ii) PARENT receives an opinion of
      counsel for PARENT that an exemption from the registration requirements of
      the
      Securities Act is available.

    

    The
      certificates representing the
      number of Issuable Shares into which the Shares shall have been converted
      pursuant to this Agreement shall contain legends substantially as
      follows:

    

    “THE
      SECURITIES WHICH ARE REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED,
      HYPOTHECATED OR OTHERWISE DISPOSED OF UNTIL A REGISTRATION STATEMENT WITH
      RESPECT THERETO IS DECLARED EFFECTIVE UNDER SUCH ACT, OR THE COMPANY RECEIVES
      AN
      OPINION OF COUNSEL FOR THE COMPANY THAT AN EXEMPTION FROM THE REGISTRATION
      REQUIREMENTS OF SUCH ACT IS AVAILABLE.”

    

    SECTION
      1.11    ISSUANCE OF PARENT COMMON STOCK

    

    The
      Issuable Shares issuable to the holders of the TARGET Shares will when issued
      pursuant to this Agreement be duly and validly authorized and issued, fully
      paid
      and non-assessable.

    

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

    ARTICLE
      II

    REPRESENTATIONS
      AND WARRANTIES OF SUB AND PARENT

     

    Except
      as set forth in the PARENT SEC
      Reports or the PARENT Disclosure Schedule or the SUB Disclosure Schedule,
      disclosure in any one of which shall apply to any and all representations and
      warranties made in this Agreement, and except as otherwise disclosed in writing
      by PARENT and/or SUB to TARGET, PARENT and SUB hereby represent and warrant
      to
      TARGET, as of the date of this Agreement and as of the Effective Time, as
      follows:

    

    SECTION
      2.01 ORGANIZATION, STANDING AND POWER

    

    SUB
      is a Nevada company and PARENT is a
      Nevada corporation.  Both SUB and PARENT are duly incorporated,
      validly existing and in good standing under the laws of the State of Nevada,
      and
      have corporate power and authority to conduct their business as presently
      conducted by it and to enter into and perform this Agreement and to carry out
      the transactions contemplated by this Agreement. SUB and PARENT are duly
      qualified to do business as a foreign limited liability company and corporation,
      respectively, doing business in each state in which they own or lease real
      property and where the failure to be so qualified and in good standing would
      have a Material Adverse Effect on SUB and PARENT or their business. Except
      as
      disclosed on Schedule
      2.01 hereto, neither SUB nor PARENT have any material ownership interest
      in any corporation, partnership (general or limited), limited liability company
      or other entity, whether foreign or domestic (collectively such ownership
      interests including capital stock).

    

    SECTION
      2.02 CAPITALIZATION

    

    Subject
      to modification by the PARENT
      prior to the Closing for purposes of effectuating the terms of this Agreement,
      the authorized capital stock of PARENT consists of 350,000,000 shares of common
      stock, $0.001 par value per share, and 50,000,000 of preferred stock. As of
      December 31, 2008, there were 77,549,138 shares of common stock issued and
      outstanding. Except as disclosed on Schedule 2.02(a)
      hereto, no shares have been reserved for issuance to any person, and there
      are
      no other outstanding rights, warrants, options or agreements for the purchase
      of
      capital stock from PARENT except as provided in this Agreement. Except as
      disclosed on Schedule
      2.02(b) hereto, no Person is entitled to any rights with respect to the
      issuance or transfer of the Issuable Shares. The outstanding shares are validly
      issued, fully paid, non-assessable, and have been issued in compliance with
      all
      state and federal securities laws or other Applicable Law.

    

    The
      authorized capital stock of SUB consists of 1,000 shares of common stock,
      $0.0001 par value per share, and no authorized shares of preferred stock. As
      of
      the date of this Agreement, there were 10 shares of common stock issued and
      outstanding.  Except as disclosed on Schedule 2.02(b)
      hereto, no shares have been reserved for issuance to any person, and there
      are
      no other outstanding rights, warrants, options or agreements for the purchase
      of
      capital stock from SUB except as provided in this Agreement. Except as disclosed
      on Schedule
      2.02(b) hereto, no Person is entitled to any rights with respect to the
      issuance or transfer of the Issuable Shares. The outstanding shares are validly
      issued, fully paid, non-assessable, and have been issued in compliance with
      all
      state and federal securities laws or other Applicable Law. As of the Effective
      Time, SUB shall not have filed a registration statement as to any of its
      shares.

    

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

    SECTION
      2.03 AUTHORITY FOR AGREEMENT

    

    The
      execution, delivery, and
      performance of this Agreement by SUB and PARENT have been duly authorized by
      all
      necessary corporate action, except for the approval of SUB's Stockholders (the
      “SUB Stockholders”), and this Agreement, upon its execution by the Parties, will
      constitute the valid and binding obligation of SUB and PARENT enforceable
      against it in accordance with and subject to its terms, except as enforceability
      may be affected by bankruptcy, insolvency or other laws of general application
      affecting the enforcement of creditors' rights, provided, that no such
      obligation shall arise or be binding unless the SUB Stockholders approve this
      Agreement. Except as set forth above or in Schedule 2.03
      attached hereto, the execution and consummation of the transactions contemplated
      by this Agreement and compliance with its provisions by SUB and PARENT will
      not
      violate any provision of Applicable Law and will not conflict with or result
      in
      any breach of any of the terms, conditions, or provisions of, or constitute
      a
      default under, SUB's Certificate of Incorporation or Bylaws or PARENT’s
      Certificate of Incorporation or Bylaws, as the case may be and in each case
      as
      amended, or, in any material respect, any indenture, lease, loan agreement
      or
      other agreement or instrument to which SUB and PARENT are a party or by which
      they or any of their properties are bound, or any decree, judgment, order,
      statute, rule or regulation applicable to SUB and PARENT except to the extent
      that any breach or violation of any of the foregoing would not constitute or
      result in a Material Adverse Effect on SUB or PARENT taken as a
      whole.

    

    SECTION
      2.04  STATUS OF PARENT AND SUB; FINANCIAL STATEMENTS

    
      

      
        	
                (i)  

              	
                Currently
                  the shares of common stock of PARENT are traded on the Electronic
                  Bulletin
                  Board in the over-the-counter market (“OTCBB”).  Currently the
                  shares of common stock of SUB are not
                  traded.

              

      

    

    
      	
              (ii)  

            	
              SUB
                is a non-reporting company.

            

    

    
      	
              (iii)  

            	
              PARENT
                is a reporting company.

            

    

    
      	
              (iv)  

            	
              SUB
                does not have any material liabilities, except as provided in Schedule
                2.05.

            

    

    
      	
              (v)  

            	
              PARENT
                has made available to TARGET copies of its audited financial statements
                at
                December 31, 2004, 2005 and 2006 for the three fiscal years then
                ended
                (collectively, “PARENT  Financial
                Statements”).

            

    

    
      	
              (vi)  

            	
              The
                PARENT Financial Statements (i) are consistent in all material respects
                with the books and records of PARENT; (ii) have been or will be prepared
                in accordance with GAAP consistently applied; (iii) reflect and provide
                adequate reserves and disclosures in respect of all liabilities of
                PARENT,
                including all contingent liabilities, as of the respective dates
                of the
                Financial Statements, and (iv) present fairly in all material respects
                the
                financial position of PARENT at such dates and the results of operations
                and cash flows of PARENT for the periods then
                ended.

            

    

    
      	
              (vii)  

            	
              Except
                as otherwise disclosed in the PARENT Disclosure Schedule or in the
                PARENT
                Financial Statements, PARENT does not have any liabilities or obligations
                that would be required to be set forth in PARENT Financial Statements
                in
                accordance with GAAP.

            

    

    

    SECTION
      2.05  GOVERNMENTAL CONSENT

    

    No
      consent, waiver, approval, order or
      authorization of, or registration, declaration or filing with, any court,
      administrative agency or commission or other federal, state, county, local
      or
      other foreign governmental authority, instrumentality, agency or commission
      or
      any third party (other than the approval of the SUB Stockholders), including
      a
      party to any agreement with SUB or PARENT, is required by or with respect to
      SUB
      or PARENT in connection with the execution and delivery of this Agreement or
      the
      consummation of the transactions contemplated hereby, except for (i) such
      consents, waivers, approvals, orders, authorizations, registrations,
      declarations and filings as may be required under applicable securities laws
      thereby, and (ii) the filing of the Certificate of Merger with the Secretary
      of
      State of the State of Nevada.

    

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

      

    

    
      SECTION
        2.06    LITIGATION 

    

    

    Except
      as disclosed on Schedule 2.07 hereof,
      there is no action, suit, investigation, audit or proceeding pending against,
      or
      to the best knowledge of SUB and PARENT threatened against or affecting, SUB
      and
      PARENT or any of their assets or properties before any court or arbitrator
      or
      any governmental body, agency or official.

    

    
      SECTION
        2.07   INTERESTED PARTY TRANSACTIONS 

    

    

    Intentionally
      omitted.

    

    SECTION
      2.08  COMPLIANCE WITH APPLICABLE LAWS

    

    To
      the Knowledge of SUB and PARENT, the
      business of SUB and PARENT has not been, and is not being, conducted in
      violation of any Applicable Law, except for possible violations which
      individually or in the aggregate have not had and are not reasonably likely
      to
      have a Material Adverse Effect. No investigation or review by any governmental
      entity with respect to SUB and PARENT is pending or, to the Knowledge of SUB
      and
      PARENT, threatened, nor has any governmental entity indicated an intention
      to
      conduct the same, except for investigations or reviews which individually or
      in
      the aggregate would not have, nor be reasonably likely to have, a Material
      Adverse Effect.

    

    SECTION
      2.09  NO UNDISCLOSED LIABILITIES

    

    Except
      as set forth on Schedule 2.10 hereto,
      there are no liabilities, debts or other obligations of SUB and PARENT of any
      kind whatsoever, whether accrued, contingent, absolute, determined, determinable
      or otherwise, and there is no existing condition, situation or set of
      circumstances which could reasonably be expected to result in such a liability
      or debt.

     

    
      SECTION
        2.10  TAX RETURNS AND PAYMENT 

    

    

    SUB
      and PARENT have filed all material
      Tax Returns required by it and have paid all Taxes shown thereon to be due,
      except for Taxes being contested in good faith.   There is no
      material claim for Taxes that is a lien against the property of SUB and PARENT
      other than liens for taxes not yet due and payable.  Neither SUB nor
      PARENT have received notification of any audit of any Tax Return of SUB and
      PARENT being conducted or pending by a Tax Authority where an adverse
      determination could have a Material Adverse Effect, no extension or waiver
      of
      the statute of limitations on the assessment of any taxes has been granted
      by
      SUB and PARENT which is currently in effect, and SUB and PARENT are not a party
      to any agreement, contract or arrangement with any Tax Authority, which may
      result in the payment of any material amount.  Neither SUB nor PARENT
      are a party
      to
      any tax-sharing or allocation agreement, nor does they owe any amount under
      any
      tax-sharing or allocation agreement. Neither SUB nor PARENT have been (nor
      does
      it have any liability for unpaid Taxes because it once was) a member of an
      “affiliated group” within the meaning of Code Section 1502.

    

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

    
      
         

        SECTION
          2.11 BOARD APPROVAL AND
          SHAREHOLDER APPROVAL.

         

        The
          Board of Directors of SUB and PARENT have approved this Agreement and the
          transactions contemplated hereby and SUB will submit it to the sole Stockholder
          for its approval. To the extent that shareholder approval of PARENT, SUB
          and/or
          TARGET is required by state corporate law, this agreement will be submitted
          to
          the respective Stockholders for their
          approval.

      

    

    SECTION
      2.12  FULL DISCLOSURE

    

    The
      representations and warranties of
      SUB and PARENT contained in Article II of this Agreement or to be furnished
      in
      or in connection with documents mailed or delivered to the SUB Stockholders
      in
      connection with soliciting their consent to this Agreement, do not contain
      or
      will not contain, any untrue statement of a material fact, or omit to state
      a
      material fact required to be stated herein or therein or necessary to make
      the
      statements herein or therein, in the light of the circumstances under which
      they
      were made, not misleading.

    

    SECTION
      2.13  BROKERS’ AND FINDERS’ FEES

    

    Neither
      SUB nor PARENT has incurred,
      nor will they incur, directly or indirectly, any liability for brokers’ or
      finders’ fees or agents’ commissions or investment bankers’ fees or any similar
      charges in connection with this Agreement or any transaction contemplated
      hereby.

    

    SECTION
      2.14  PARENT SEC REPORTS

    

    Except
      as
      disclosed in the PARENT Schedules, PARENT has filed all forms, statements,
      reports and documents required to be filed or, if permissible, furnished by
      it
      with the Commission since such reports were required. The PARENT SEC Reports
      (i)
      were prepared in accordance with the requirements of the Securities Act or
      the
      Exchange Act, as the case may be, and the rules and regulations promulgated
      thereunder, and (ii) did not, at the time they were filed, or, if amended,
      as of
      the date of such amendment, contain any untrue statement of a material fact
      or
      omit to state a material fact required to be stated therein or necessary in
      order to make the statements made therein, in the light of the circumstances
      under which they were made, not misleading.  As of its filing date,
      each PARENT SEC Report complied as to form in all material respects with the
      applicable requirements of the Securities Act and the Exchange Act, as the
      case
      may be.  There has not occurred any material adverse change, or any
      development constituting a prospective material adverse change, in the
      condition, financial or otherwise, or in the earnings, business or operations
      of
      PARENT since its latest report on Form 10-QSB.  Neither the offer or
      sale of the PARENT Stock pursuant hereto nor the consummation of the
      transactions as contemplated by this Agreement give rise to any rights for
      or
      relating to the registration of shares of PARENT Common Stock or other
      securities of PARENT except as set forth on the PARENT Disclosure
      Schedule.  PARENT is not required to prepare and deliver to its
      shareholders and file with the Commission any proxy, information statement
      or
      similar report in advance of the consummation of the transactions contemplated
      hereby, except for such reports as may need be filed in accordance with Form
      8-K
      and Schedule 14F-1.

    

    In
      the
      event that PARENT is not current in filing all PARENT SEC Reports when due,
      or
      in the event that PARENT is no longer eligible to have its securities quoted
      on
      the Electronic Bulletin Board maintained by the Nasdaq Stock Market, Inc. on
      the
      Closing Date, TARGET may elect to terminate this Agreement.

    

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

    

    ARTICLE
      III

    REPRESENTATIONS
      AND WARRANTIES OF TARGET

    

    Except
      as set forth in the TARGET SEC
      Reports or the TARGET Disclosure Schedule, disclosure in any one of which shall
      apply to any and all representations and warranties made in this Agreement,
      and
      except as otherwise disclosed in writing by TARGET to PARENT, TARGET hereby
      represents and warrants to PARENT, as of the date of this Agreement and as
      of
      the Effective Time, as follows:

    

    SECTION
      3.01  ORGANIZATION, STANDING AND POWER

    

    (i)           
      TARGET is a Nevada corporation duly formed, validly existing and in good
      standing under the laws of the State of Nevada and has full corporate power
      and
      authority to conduct its business as presently conducted by it and to enter
      into
      and perform this Agreement and to carry out the transactions contemplated by
      this Agreement. TARGET is duly qualified to do business in each state or other
      jurisdiction it owns or leases real property and where the failure to be so
      qualified and in good standing would have a Material Adverse Effect. A schedule
      of TARGET’S subsidiaries is attached hereto as Schedule 3.04, which discloses
      TARGET’S interests in any corporation, partnership (general or limited), limited
      liability company or other entity, whether foreign or domestic (collectively
      such ownership interests including capital stock).

    

    SECTION
      3.02  CAPITALIZATION

    

    The
      authorized capital stock of TARGET
      consists of 125,000,000 shares of common stock, $0.0002 par value per share,
      and
      15,000,000 shares of preferred stock, $.0001 par value per share. As of December
      31, 2008, there were approximately 93,004,647 shares of common stock issued
      and
      outstanding, and there were 3,350,750 shares of preferred stock issued and
      outstanding. Except as disclosed on Schedule 3.02(a)
      hereto, no shares have been reserved for issuance to any person, and there
      are
      no other outstanding rights, warrants, options or agreements for the purchase
      of
      capital stock from TARGET except as provided in this Agreement. Except as
      disclosed on Schedule
      3.02(b) hereto, no Person is entitled to any rights with respect to the
      issuance or transfer of the Issuable Shares. The outstanding shares are validly
      issued, fully paid, non-assessable, and have been issued in compliance with
      all
      state and federal securities laws or other Applicable Law.

    

    SECTION
      3.03  AUTHORITY FOR AGREEMENT

    

    The
      execution, delivery and performance
      of this Agreement by TARGET has been duly authorized by all necessary corporate
      or company action, as the case may be, and this Agreement constitutes the valid
      and binding obligation of TARGET, enforceable against it in accordance with
      its
      terms, except as enforceability may be affected by bankruptcy, insolvency or
      other laws of general application affecting the enforcement of creditors'
      rights. The execution and consummation of the transactions contemplated by
      this
      Agreement and compliance with its provisions by TARGET will not violate any
      provision of Applicable Law and will not conflict with or result in any breach
      of any of the terms, conditions, or provisions of, or constitute a default
      under, its certificate of incorporation or bylaws, or, in any material respect,
      any indenture, lease, loan agreement or other agreement instrument to which
      TARGET is a party or by which it or any of its properties are bound, or any
      decree, judgment, order, statute, rule or regulation applicable to TARGET except
      to the extent that any breach or violation of any of the foregoing would not
      constitute or result in a Material Adverse Effect.

    

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

    

    SECTION
      3.04  SUBSIDIARIES

    

    Except
      as disclosed on Schedule 3.04 hereof,
      TARGET has no other subsidiaries.

     

    
      SECTION
        3.05 STOCKHOLDERS 

    

    

    Except
      as disclosed on Schedule 3.05, there
      are no other holders of the TARGET Common Stock.

    

    SECTION
      3.06  GOVERNMENTAL CONSENT

    

    No
      consent, waiver, approval, order or
      authorization of, or registration, declaration or filing with, any court,
      administrative agency or commission or other federal, state, county, local
      or
      other foreign governmental authority, instrumentality, agency or commission
      or
      any third party, including a party to any agreement with TARGET, is required
      by
      or with respect to TARGET in connection with the execution and delivery of
      this
      Agreement or the consummation of the transactions contemplated hereby, except
      for (i) such consents, waivers, approvals, orders, authorizations,
      registrations, declarations and filings as may be required under applicable
      securities laws thereby, and (ii) the filing of the Certificate of Merger with
      the Secretary of State of the State of Nevada.

    

    SECTION
      3.07 STATUS OF TARGET; FINANCIAL STATEMENTS

    

    
      	
              (i)  

            	
              Currently
                the shares of common stock of TARGET are quoted on
                the  OTCBB.

            

    

    
      	
              (ii)  

            	
              As
                of the date hereof, TARGET is not current in its reports. After the
                Execution of this Agreement and prior to Closing, TARGET may upon
                discretion of it Board of Directors of TARGET and after providing
                notice
                to the Parent file a Form 15 to de-register the stock and it shall
                as a
                result, become a non-reporting
                company.

            

    

    
      	
              (iii)  

            	
              TARGET
                has made available to PARENT copies of its audited financial statements
                as
                of December 31, 2003, 2004 and 2005 for the three fiscal years then
                ended
                (collectively, “TARGET
                Financial
                Statements”).

            

    

    
      	
              (iv)  

            	
              The
                TARGET Financial Statements (i) are consistent in all material respects
                with the books and records of TARGET; (ii) have been or will be prepared
                in accordance with GAAP consistently applied; (iii) reflect and provide
                adequate reserves and disclosures in respect of all liabilities of
                TARGET,
                including all contingent liabilities, as of the respective dates
                of the
                Financial Statements, and (iv) present fairly in all material respects
                the
                financial position of TARGET at such dates and the results of operations
                and cash flows of TARGET for the periods then
                ended.

            

    

    
      	
              (v)  

            	
              Except
                as otherwise disclosed in the TARGET Disclosure Schedule or in the
                TARGET
                Financial Statements, TARGET does not have any liabilities or obligations
                that would be required to be set forth in TARGET Financial Statements
                in
                accordance with GAAP.

            

    

    

    
      
        
        

      

      
        -18-

        
          

        

      

      
        
        

      

    

    
      SECTION
        3.08 LITIGATION 

    

    

    Except
      as otherwise disclosed in the
      TARGET Disclosure Schedule there is no action, suit, investigation, audit or
      proceeding pending against, or to the best knowledge of TARGET, threatened
      against or affecting, TARGET or any of its assets or properties before any
      court
      or arbitrator or any governmental body, agency or official.

    

    SECTION
      3.09  RESTRICTIONS ON BUSINESS ACTIVITIES

    

    There
      is no agreement (non-compete or
      otherwise), commitment, judgment, injunction, order or decree to which TARGET
      is
      a party or otherwise binding upon TARGET which has or may have the effect of
      prohibiting or impairing any business practice of TARGET, any acquisition of
      property (tangible or intangible) by TARGET or the conduct of business by
      TARGET.  Without limiting the foregoing, TARGET has not entered into
      any agreement under which TARGET is restricted from selling, licensing or
      otherwise distributing any of its technology or products to or providing
      services to, customers or potential customers or any class of customers, in
      any
      geographic area, during any period of time or in any segment of the
      market.

    

    
      SECTION
        3.10 INTERESTED PARTY TRANSACTIONS 

    

    

    Intentionally
      omitted.

    

    SECTION
      3.11  COMPLIANCE WITH APPLICABLE LAWS

    

    To
      the Knowledge of TARGET, the
      business of TARGET has not been, and is not being, conducted in violation of
      any
      Applicable Law, except for possible violations which individually or in the
      aggregate have not had and are not reasonably likely to have a Material Adverse
      Effect. No investigation or review by any governmental entity with respect
      to
      TARGET is pending or, to the Knowledge of TARGET, threatened, nor has any
      governmental entity indicated an intention to conduct the same, except for
      investigations or reviews which individually or in the aggregate would not
      have,
      nor be reasonably likely to have, a Material Adverse Effect.

    

    SECTION
      3.12  GOVERNMENTAL AUTHORIZATION

    

    Schedule
      3.12
      accurately lists each consent, license, permit, grant or other authorization
      issued to TARGET by a governmental entity (i) pursuant to which TARGET currently
      operates or holds any interest in any of their properties or (ii) which is
      required for the operation of the business of TARGET or the holding of any
      such
      interest (collectively, the “TARGET
      Authorizations”).  The TARGET Authorizations are in full force
      and effect and constitute all TARGET Authorizations required to permit TARGET
      to
      operate or conduct its business or hold any interest in its properties or
      assets.

    

    
      
        
        

      

      
        -19-

        
          

        

      

      
        
        

      

    

    
      SECTION
        3.13 ABSENCE OF CHANGES 

    

    

    Since
      the TARGET Financial Statements
      Date there has not been:

    
      

      
        	
                (i)  

              	
                any
                  event, occurrence, development or state of circumstances or facts
                  which
                  would, individually or in the aggregate, have a Material Adverse
                  Effect on
                  TARGET;

              

      

      
        	
                (ii)  

              	
                any
                  amendment of any material term of any outstanding security of
                  TARGET;

              

      

      
        	
                (iii)  

              	
                any
                  incurrence, assumption or guarantee by TARGET of any indebtedness
                  for
                  borrowed money;

              

      

      
        	
                (iv)  

              	
                any
                  creation or other incurrence by TARGET of any Lien on any material
                  asset;

              

      

      
        	
                (v)  

              	
                the
                  making of any loan, advance or capital contributions to or investment
                  in
                  any Person;

              
	(vi)  
                	any
                damage, destruction or other casualty loss (whether or not covered
                by
                insurance) affecting the business or any asset(s) of TARGET which
                would,
                individually or in the aggregate, have a Material Adverse Effect
                on
                TARGET;
	(vii)  
                	any
                transaction or commitment made, or any contract or agreement entered
                into,
                by TARGET or any relinquishment by TARGET of any contract or other
                right;
	(viii) 	any
                change in any method of accounting, method of tax accounting, or
                accounting practice by TARGET;
	(ix) 	any
                (a) grant of any severance or termination pay to any current or former
                director, officer or employee of TARGET, (b) increase in benefits
                payable
                under any existing severance or termination pay policies or employment
                agreements, (c) entering into any employment, deferred compensation
                or
                other similar agreement (or any amendment to any such existing agreement)
                with any current or former director, officer or employee of TARGET,
                (d)
                establishment, adoption or amendment (except as required by applicable
                law) of any collective bargaining, bonus, profit sharing, thrift,
                pension,
                retirement, deferred compensation, compensation, stock option, restricted
                stock or other benefit plan or arrangement covering any current or
                former
                director, officer or employee of TARGET, or (e) increase in compensation,
                bonus or other benefits payable or otherwise made available to any
                current
                or former director, officer or employee of TARGET;
	(x) 
                	any
                labor dispute, other than routine individual grievances; or
	(xi) 	any
                tax election or any settlement or compromise of any tax liability,
                in
                either case that is material to
                TARGET.

      

    

       
      

    
      
        
        

      

      
        -20-

        
          

        

      

      
        
        

      

    

    SECTION
      3.14  OPERATIONS SINCE FINANCIAL STATEMENTS DATE

    

    Since
      the TARGET Financial Statements
      Date, except for as contemplated by this Agreement or in the TARGET Financial
      Statements, TARGET:

     

      	
              (i)  

            	
              has
                operated its businesses substantially as it was operated prior to
                that
                date and only in the ordinary course;

            

      
        	
                (ii)  

              	
                has
                  not declared or otherwise become liable with respect to any dividend
                  or
                  distribution of cash, assets or capital
                  stock;

              

      

      
        	
                (iii)  

              	
                has
                  maintained or kept current its books, accounts, records, payroll,
                  and
                  filings in the usual and ordinary course of business, consistent
                  in all
                  material respects with past practice;
                  and

              

      

      
        	
                (iv)  

              	
                 has
                  not made any capital expenditure, commitment or investment other
                  than in
                  the ordinary course of business.

              

      

       

    

    SECTION
      3.15  NO UNDISCLOSED LIABILITIES

    

    Except
      as set forth on Schedule 3.15 hereto,
      there are no liabilities or debts of TARGET of any kind whatsoever, whether
      accrued, contingent, absolute, determined, determinable or otherwise, and there
      is no existing condition, situation or set of circumstances which could
      reasonably be expected to result in such a liability or debt.

    

    
      SECTION
        3.16 ACCOUNTS RECEIVABLE 

       

    

    
      	
              (i)  

            	
              TARGET
                has made available to SUB a list of all consolidated accounts receivable
                of TARGET (“Accounts
                Receivable”) as of June 30, 2007 along with a range of days elapsed
                since the date of each invoice.

            

      
        	
                (ii)  

              	
                Except
                  as set forth on Schedule
                  3.16(a), all Accounts Receivable of TARGET arose in the ordinary
                  course of business and are collectible except to the extent of
                  reserves
                  therefore set forth in the TARGET Financial Statements
                  Date.  Except as set forth on Schedule
                  3.16(b), no person has any Lien on any of such Accounts Receivable
                  and no request or agreement for deduction or discount has been
                  made with
                  respect to any of such Accounts
                  Receivable.

              

      

       

      SECTION
        3.17  INSURANCE

       

    

    TARGET
      has obtained and maintained in
      full force and effect insurance with responsible and reputable insurance
      companies or associations in such amounts, on such terms and covering such
      risks, including fire and other risks insured against by extended coverage,
      as
      is reasonably prudent.  With respect to the insurance policies and
      fidelity bonds covering the assets, business, equipment, properties, operations,
      employees, officers and directors of TARGET, there is no claim by TARGET pending
      under any of such policies or bonds as to which coverage has been questioned,
      denied or disputed by the underwriters of such policies or bonds.  All
      premiums due and payable under all such policies and bonds have been
      paid.  TARGET is otherwise in material compliance with the terms of
      such policies and bonds (or other policies and bonds providing substantially
      similar insurance coverage).  TARGET has no Knowledge of any
      threatened termination of, or material premium increase with respect to, any
      of
      such policies.

    

    
      
        
        

      

      
        -21-

        
          

        

      

      
        
        

      

    

    SECTION
      3.18  TITLE TO PROPERTIES; LIENS

    

    TARGET
      does not own any real
      property.  All of the assets of TARGET, except those disposed of in
      the ordinary course of business, are free and clear of all Liens, security
      interests, charges and encumbrances, except (i) as disclosed on the TARGET
      Financial Statements, (ii) Liens for current taxes not yet due and payable,
      (iii) Liens in favor of any lessor with respect to capital lease obligations
      disclosed in Schedule
      3.18 attached hereto, (iv) such imperfections of title or zoning
      restrictions, easements or encumbrances, if any, as do not materially interfere
      with the present use of such property or assets, and (vi) Liens which arise
      by
      operation of law.

    

    
      SECTION
        3.19 MATERIAL CONTRACTS 

    

    

    Except
      for:  (i) contracts
      with clients and other contracts executed by TARGET in the ordinary course of
      business; (ii) employment agreements with officers; and (iii) other material
      contracts which are listed on Schedule 3.19(a)
      hereof, TARGET is not a party to or bound by any material indenture, lease,
      license, loan agreement, other agreement or other instrument (collectively,
      the
“Material
      Contracts”).  Except as disclosed on Schedule
      3.19(b)
      hereof, TARGET’s Material Contracts are enforceable in accordance with their
      respective terms, and to the knowledge of TARGET, TARGET is not in violation
      of,
      and has received no notice of being in violation of such Material
      Contracts.

    

    
      SECTION
        3.20 NON-CONTRAVENTION 

    

    

    The
      execution and delivery by TARGET of
      this Agreement and the consummation by TARGET of the transactions contemplated
      hereby and performance of their obligations hereunder do not and will not (i)
      violate the Certificate of Incorporation or Bylaws of TARGET, (ii) violate
      any
      applicable law, rule, regulation, judgment, injunction, order or decree, (iii)
      require any consent or other action by any Person under, constitute a default
      under, result in a violation of, conflict with, or give rise to any right of
      termination, cancellation or acceleration of any right or obligation of TARGET,
      or to a loss of any benefit to which TARGET is entitled under any provision
      of
      any agreement or other instrument binding upon TARGET, or any license,
      franchise, permit, certificate, approval or other similar authorization
      affecting, or relating in any way to, the assets or business of TARGET, or
      (iv)
      result in the creation or imposition of any Lien (as defined herein) on any
      asset of TARGET.

    

    
      SECTION
        3.21 LABOR RELATIONS 

    

    

    TARGET
      is not a party to any collective
      bargaining agreement and, to the Knowledge of TARGET, no organizational efforts
      are presently being made with respect to any employees of
      TARGET.  TARGET has complied in all material respects with all
      applicable laws (including, but not limited to, the Employee Retirement Income
      Security Act of 1974, as amended (“ERISA”)), and
      regulations relating to employment matters including, but not limited to, those
      relating to wages, hours, discrimination and payment of social security and
      similar taxes.

    

    
      
        
        

      

      
        -22-

        
          

        

      

      
        
        

      

    

    
      SECTION
        3.22 TAX RETURNS AND PAYMENT 

    

    

    Except
      as disclosed on Schedule 3.22 hereof,
      TARGET has filed all material Tax Returns required from it and has paid all
      Taxes shown thereon to be due, except as reflected in the TARGET Financial
      Statements and except for Taxes being contested in good faith and except for
      such delinquent tax returns that TARGET is required to file within 90 days
      after
      the Effective Time of the Merger.   Except as disclosed in the
      TARGET Financial Statements, there is no material claim for Taxes that is a
      lien
      against the property of TARGET other than liens for taxes not yet due and
      payable.  TARGET has not received notification of any audit of any Tax
      Return of TARGET being conducted or pending by a Tax Authority where an adverse
      determination could have a Material Adverse Effect, no extension or waiver
      of
      the statute of limitations on the assessment of any taxes has been granted
      by
      TARGET which is currently in effect, and TARGET is not a party to any agreement,
      contract or arrangement with any Tax Authority, which may result in the payment
      of any material amount in excess of the amount reflected on the TARGET Financial
      Statements. .  TARGET is not a party
      to
      any tax-sharing or allocation agreement, nor does it owe any amount under any
      tax-sharing or allocation agreement. TARGET has never been (nor does it have
      any
      liability for unpaid Taxes because it once was) a member of an “affiliated
      group” within the meaning of Code Section 1502.

    

    
      SECTION
        3.23 INTELLECTUAL PROPERTY 

    

    

    Except
      as disclosed on Schedule 3.23 hereof,
      TARGET has title to all material patents, trademarks or trade secrets, or
      adequate licenses and rights to use the patents, trademarks, copyrights, trade
      names and trade secrets of others, necessary to the conduct of its business.
      The
      business of TARGET is being carried on without known conflicts with patents,
      licenses, trademarks, copyrights, trade names and trade secrets of others and,
      to the Knowledge of TARGET, no other persons are conducting their businesses
      in
      conflict with patents, licenses, trademarks, copyrights, trade names and trade
      secrets used by TARGET.

    

    
      SECTION
        3.24 ENVIRONMENTAL MATTERS 

    

    

    To
      the Knowledge of TARGET: (i) TARGET
      has obtained all material permits and licenses which are required in connection
      with its business under all applicable laws and regulations relating to
      pollution or protection of the environment (the “Environmental Laws”)
      and is in material compliance therewith; (ii) TARGET has at all times conducted
      its business in material compliance with all Environmental Laws and TARGET
      has
      not received any written notice of any past, present or future events,
      conditions or circumstances, which would interfere with or prevent material
      compliance or continued material compliance with any Environmental Laws or
      which
      form the basis of any material claim, demand or investigation, based on or
      related to TARGET’s business or other activities; (iii) there is no civil,
      criminal or administrative action or proceeding pending or threatened against
      TARGET, arising under any Environmental Laws; and (iv) there does not exist,
      and
      at no time since TARGET acquired any premises leased or used by it, has there
      existed any conditions that TARGET believes would require remediation by TARGET
      under any Environmental Laws

    

    
      SECTION
        3.25 EMPLOYMENT AGREEMENTS 

    

    

    Schedule
      3.25 hereof
      lists each employment agreement between TARGET and any director, officer or
      employee of TARGET and copies of all such agreements have been provided to
      SUB
      prior to the date hereof. Except as provided in such employment agreements,
      all
      other employees of TARGET are terminable at will without expense or liability
      to
      TARGET other than as may be set forth in said Schedule 3.25
      attached hereto or as may be required by law.

    

    
      
        
        

      

      
        -23-

        
          

        

      

      
        
        

      

    

    
      SECTION
        3.26 WARRANTY CLAIMS 

    

    

    To
      the Knowledge of TARGET and except
      as set forth in Schedule 3.26
      attached hereto, there are no pending or threatened material claims against
      TARGET for any work performed by TARGET for any client, including but not
      limited to, any services rendered under any warranties.

    

    SECTION
      3.27  BROKERS’ AND FINDERS’ FEES

    

    TARGET
      has not incurred, nor will it
      incur, directly or indirectly, any liability for brokers’ or finders’ fees or
      agents’ commissions or investment bankers’ fees or any similar charges in
      connection with this Agreement or any transaction contemplated
      hereby.

    

    SECTION
      3.28  BOARD APPROVAL

    

    The
      Board of Directors of TARGET has
      approved this Agreement and the transactions contemplated hereby and will submit
      it to the Stockholders for their approval.

    

    SECTION
      3.29  FULL DISCLOSURE

    

    The
      representations and warranties of
      TARGET contained in this Article III of this Agreement or to be furnished in
      or
      in connection with documents mailed or delivered to the Stockholders of TARGET
      in connection with soliciting their consent to this Agreement, do not contain
      or
      will not contain, any untrue statement of a material fact, or omit to state
      a
      material fact required to be stated herein or therein or necessary to make
      the
      statements herein or therein, in the light of the circumstances under which
      they
      were made, not misleading.

    

    SECTION
      3.30  TARGET SEC REPORTS

    

    Except
      as
      disclosed in the TARGET Schedules, TARGET has filed all forms, statements,
      reports and documents required to be filed or, if permissible, furnished by
      it
      with the Commission since such forms have been required. The TARGET SEC Reports
      (i) were prepared in accordance with the requirements of the Securities Act
      or
      the Exchange Act, as the case may be, and the rules and regulations promulgated
      thereunder, and (ii) did not, at the time they were filed, or, if amended,
      as of
      the date of such amendment, contain any untrue statement of a material fact
      or
      omit to state a material fact required to be stated therein or necessary in
      order to make the statements made therein, in the light of the circumstances
      under which they were made, not misleading.  As of its filing date,
      each TARGET SEC Report complied as to form in all material respects with the
      applicable requirements of the Securities Act and the Exchange Act, as the
      case
      may be.

    

    

    
      
        
        

      

      
        -24-

        
          

        

      

      
        
        

      

    

    ARTICLE
      IV

    CERTAIN
      COVENANTS AND AGREEMENTS

    

    
      SECTION
        4.01 COVENANTS OF TARGET 

    

    

    TARGET
      covenants and agrees that,
      during the period from the date of this Agreement until the Closing Date, TARGET
      shall conduct its business as presently operated and solely in the ordinary
      course, and consistent with such operation, and, in connection therewith,
      without the written consent of SUB and PARENT:

     

    
      
        	
                (i)  

              	
                shall
                  not amend its Certificate of Incorporation or
                  Bylaws;

              

      

      
        	
                (ii)  

              	
                shall
                  not pay or agree to pay to any employee, officer or director compensation
                  that is in excess of the current compensation level of such employee,
                  officer or director other than salary increases or payments made
                  in the
                  ordinary course of business or as otherwise provided in any contracts
                  or
                  agreements with any such employees;

              

      

      
        	
                (iii)  

              	
                shall
                  not merge or consolidate with any other entity or acquire or agree
                  to
                  acquire any other entity;

              

      

      
        	
                (iv)  

              	
                shall
                  not sell, transfer, or otherwise dispose of any assets required
                  for the
                  operations of TARGET’s business except in the ordinary course of business
                  consistent with past practices;

              

      

      
        	
                (v)  

              	
                shall
                  not create, incur, assume, or guarantee any indebtedness for money
                  borrowed except in the ordinary course of business, or create or
                  suffer to
                  exist any mortgage, lien or other encumbrance on any of its assets,
                  except
                  those in existence on the date hereof or those granted pursuant
                  to
                  agreements in effect on the date of this Agreement or provided
                  by SUB and
                  PARENT and/or any of their affiliates;

              
	(vi)  
                	shall
                not make any capital expenditure or series of capital expenditures
                except
                in the ordinary course of business, with the exception of the acquisition
                referred to in Section 4.01(iii) hereof;
	(vii)  
                	shall
                not declare or pay any dividends on or make any distribution of any
                kind
                with respect to the TARGET Common Stock;
	(viii) 	shall
                maintain its facilities, assets and properties in reasonable repair,
                order
                and condition, reasonable wear and tear excepted, and to notify SUB
                and
                PARENT immediately in the event of any material loss or damage to
                any of
                TARGET’s material assets;
	(ix)
                 	shall
                maintain in full force and effect all present insurance coverage
                of the
                types and in the amounts as are in effect as of the date of this
                Agreement;
	(x)
                  	shall
                seek to preserve the present employees, reputation and business
                organization of TARGET and TARGET’s relationship with its clients and
                others having business dealings with it;
	(xi)
                 	shall
                not issue any additional TARGET Common Stock or take any action affecting
                the capitalization of TARGET;
	(xii)
                  	shall
                use commercially reasonable efforts to comply with and not be in
                default
                or violation under any law, regulation, decree or order applicable
                to
                TARGET’s business, operations or assets where such violation would have
                a
                Material Adverse Effect;
	(xiii)  
                	shall
                not grant any severance or termination pay to any director, officer
                or any
                other employees of TARGET, other than pursuant to agreements in effect
                on
                the date of this Agreement or as otherwise disclosed in the documents
                delivered pursuant to this Agreement;
	(xiv)  
                	shall
                not change any of the accounting principles or practices used by
                it,
                except as may be required as a result of a change in law or in GAAP,
                whether in respect of Taxes or otherwise;
	(xv)  
                	shall
                not terminate or waive any right of substantial value other than
                in the
                ordinary course of business; and
	(xvi)  
                	shall
                not enter into any material contract or commitment other than in
                the
                ordinary course of business.

      

         
        

      
        
          
          

        

        
          -25-

          
            

          

        

        
          
          

        

      

    

     SECTION
      4.02  COVENANTS OF PARENT

    

    PARENT
      covenants and agrees that,
      during the period from the date of this Agreement until the Closing Date, PARENT
      shall conduct its business as presently operated and solely in the ordinary
      course, and consistent with such operation, and, in connection therewith,
      without the written consent of TARGET:

     

    
      
        	
                (i)  

              	
                Employment
                  Additionally, PARENT shall employ such employees of TARGET as determined
                  by PARENT, upon such terms and conditions as shall be acceptable
                  to PARENT
                  and such individuals.

              

      

      
        	
                (ii)  

              	
                Resignation
                  of
                  Directors, Nomination of Directors and Officers.  PARENT
                  shall, prior to the Closing, cause none of its directors to resign
                  subsequent to the Effective Time.  In addition, PARENT agrees
                  and accepts the officers and directors of the PARENT following
                  the Merger
                  of persons listed on Schedule
                  1.05(a), until the earlier of their death, resignation or removal
                  or until their respective successors are duly appointed and
                  qualified.

              

      

      
        	
                (iii)  

              	
                 shall
                  not amend its Certificate of Incorporation or
                  Bylaws;

              

      

      
        	
                (iv)  

              	
                shall
                  not pay or agree to pay to any employee, officer or director compensation
                  that is in excess of the current compensation level of such employee,
                  officer or director other than salary increases or payments made
                  in the
                  ordinary course of business or as otherwise provided in any contracts
                  or
                  agreements with any such employees;

              

      

      
        	
                (v)  

              	
                shall
                  not merge or consolidate with any other entity or acquire or agree
                  to
                  acquire any other entity;

              
	(vi)  
                	shall
                not sell, transfer, or otherwise dispose of any assets required for
                the
                operations of PARENT’s business except in the ordinary course of business
                consistent with past practices;
	(vii)  
                	shall
                not create, incur, assume, or guarantee any indebtedness for money
                borrowed except in the ordinary course of business, or create or
                suffer to
                exist any mortgage, lien or other encumbrance on any of its assets,
                except
                those in existence on the date hereof or those granted pursuant to
                agreements in effect on the date of this Agreement or provided by
                TARGET
                and/or any of its affiliates;
	(viii) 	shall
                not make any capital expenditure or series of capital expenditures
                except
                in the ordinary course of business;
	(ix)
                 	shall
                not declare or pay any dividends on or make any distribution of any
                kind
                with respect to its securities;
	(x)
                  	shall
                maintain its facilities, assets and properties in reasonable repair,
                order
                and condition, reasonable wear and tear excepted, and to notify TARGET
                immediately in the event of any material loss or damage to any of
                PARENT’s
                material assets;
	(xi)
                 	shall
                maintain in full force and effect all present insurance coverage
                of the
                types and in the amounts as are in effect as of the date of this
                Agreement;
	(xii)
                  	shall
                seek to preserve the present employees, reputation and business
                organization of SUB and PARENT and SUB’s and PARENT’s relationship with
                its clients and others having business dealings with it;
	(xiii)  
                	shall
                not issue any securities other than as contemplated hereby.
	(xiv)  
                	shall
                use commercially reasonable efforts to comply with and not be in
                default
                or violation under any law, regulation, decree or order applicable
                to
                SUB’s and PARENT’s business, operations or assets where such violation
                would have a Material Adverse Effect;
	(xv)  
                	shall
                not grant any severance or termination pay to any director, officer
                or any
                other employees of SUB and PARENT except as otherwise disclosed in
                the
                documents delivered pursuant to this Agreement;
	(xvi)  
                	shall
                not change any of the accounting principles or practices used by
                it,
                except as may be required as a result of a change in law or in GAAP,
                whether in respect of Taxes or otherwise;
	(xvii)  
                	shall
                not terminate or waive any right of substantial value other than
                in the
                ordinary course of business;
	(xviii)  
                	shall
                not enter into any material contract or commitment other than in
                the
                ordinary course of business; and
	(xix)  
                	during
                the period from the date of this Agreement until the Closing Date,
                SUB and
                PARENT shall conduct its business as presently operated and solely
                in the
                ordinary course, and consistent with such operation, and, in connection
                therewith, without the written consent of
                TARGET.

      

         

      
        
          
          

        

        
          -26-

          
            

          

        

        
          
          

        

      

    

    SECTION
      4.03  COVENANTS OF THE PARTIES

     

    
      	
              (i)  

            	
              Announcement.  Neither
                TARGET, on the one hand, nor SUB and PARENT on the other hand, shall
                issue
                any press release or otherwise make any public statement with respect
                to
                this Agreement or the transactions contemplated hereby without the
                prior
                consent of the other Parties (which consent shall not be unreasonably
                withheld), except as may be required by applicable law or securities
                regulation. Notwithstanding anything in this Section 4.03 to the
                contrary,
                the Parties will, to the extent practicable, consult with each other
                before issuing, and provide each other the opportunity to review
                and
                comment upon, any such press release or other public statements with
                respect to this Agreement and the transactions contemplated hereby
                whether
                or not required by Applicable Law.

            

      
        	
                (ii)  

              	
                Notification
                  of
                  Certain Matters.  TARGET shall give prompt notice to SUB
                  and PARENT, and SUB and PARENT shall give prompt notice to TARGET,
                  of:

              

        
          	
                  (a)  

                	
                  The
                    occurrence, or nonoccurrence, of any event the occurrence, or
                    nonoccurrence, of which would be reasonably likely to cause any
                    representation or warranty contained in this Agreement to be
                    untrue or
                    inaccurate in any material respect at or prior to the Effective
                    Time;
                    and

                

          
            	
                    (b)  

                  	
                    Any
                      material failure of TARGET on the one hand, or SUB and PARENT,
                      on the
                      other hand, to comply with or satisfy any covenant, condition
                      or agreement
                      to be complied with or satisfied by it
                      hereunder.

                  

            	
                    (iii)  

                  	
                    Reasonable
                      Best
                      Efforts.  Before Closing, upon the terms and subject to
                      the conditions of this Agreement, the Parties agree to use
                      their
                      respective reasonable best efforts to take, or cause to be
                      taken, all
                      actions, and to do, or cause to be done, all things necessary,
                      proper or
                      advisable (subject to applicable laws) to consummate and make
                      effective
                      the Merger and other transactions contemplated by this Agreement
                      as
                      promptly as practicable including, but not limited
                      to:

                  

            
              	
                      (a)  

                    	
                      The
                        preparation and filing of all forms, registrations and notices
                        required to
                        be filed to consummate the Merger, including without limitation,
                        the
                        corporate resolutions to be sent to the SUB Stockholders
                        (including the
                        definitive and any amendments thereto, the “Shareholder Resolution”), and
                        the other approvals, consents, orders, exemptions or waivers
                        by any third
                        party or governmental entity; and

                    

              
                	
                        (b)  

                      	
                        The
                          satisfaction of the other Parties' conditions precedent
                          to
                          Closing.

                      

              

            

          

        

      

    

    
      	
              (iv)  

            	
              Representation
                of
                Counsel. Each of the Parties has engaged separate counsel and have
                relied upon the advice provided by their
                counsel.

            

      
        	
                (v)  

              	
                Shareholder
                  Resolution.  SUB will use its reasonable best efforts to
                  seek the approval of the SUB Stockholders for the Merger. As promptly
                  as
                  is reasonably practicable after the date of this Agreement, SUB
                  shall
                  deliver to its sole Stockholder a corporate resolution and copy
                  of this
                  Agreement for the purpose of approving and authorizing this
                  Agreement.

              

      

    
      	
              (vi)  

            	
              Access
                to
                Information

            

      
        	
                (a)  

              	
                Inspection
                  by
                  TARGET.  SUB and PARENT will make available for
                  inspection by TARGET, during normal business hours and in a manner
                  so as
                  not to interfere with normal business operations, all of SUB’s and
                  PARENT’s records (including tax records), books of account, premises,
                  contracts and all other documents in SUB’s and PARENT’s possession or
                  control that are reasonably requested by TARGET to inspect and
                  examine the
                  business and affairs of SUB and PARENT. SUB and PARENT will cause
                  its
                  managerial employees and regular independent accountants to be
                  available
                  upon reasonable advance notice to answer questions of TARGET concerning
                  the business and affairs of SUB and PARENT.  TARGET will treat
                  and hold as confidential any information they receive from SUB
                  and PARENT
                  in the course of the reviews contemplated by this Section
                  4.03(vii).  No examination by TARGET will, however, constitute a
                  waiver or relinquishment by TARGET of its rights to rely on SUB’s and
                  PARENT’s covenants, representations and warranties made herein or pursuant
                  hereto.

              

        
          	
                  (b)  

                	
                  Inspection
                    by
                    SUB.  TARGET will make available for inspection by SUB
                    and PARENT, during normal business hours and in a manner so as
                    not to
                    interfere with normal business operations, all of TARGET’s records
                    (including tax records), books of account, premises, contracts
                    and all
                    other documents in TARGET’s possession or control that are reasonably
                    requested by SUB and PARENT to inspect and examine the business
                    and
                    affairs of TARGET. TARGET will cause its managerial employees
                    and regular
                    independent accountants to be available upon reasonable advance
                    notice to
                    answer questions of SUB and PARENT concerning the business and
                    affairs of
                    TARGET.  SUB and PARENT will treat and hold as confidential any
                    information they receive from TARGET in the course of the reviews
                    contemplated by this Section 4.03 (vii).  No examination by SUB
                    and PARENT will, however, constitute a waiver or relinquishment
                    by SUB and
                    PARENT of its rights to rely on TARGET’s covenants, representations and
                    warranties made herein or pursuant
                    hereto.

                

        

         

        
          
            
            

          

          
            -27-

            
              

            

          

          
            
            

          

        

      

    

    ARTICLE
      V

    CONDITIONS
      PRECEDENT

    

    SECTION
      5.01  CONDITIONS PRECEDENT TO THE PARTIES' OBLIGATIONS

    

    The
      obligations of the Parties as
      provided herein shall be subject to each of the following conditions precedent,
      unless waived by the parties:

    
       

      
        	
                (i)  

              	
                Consents,
                  Approvals.  The Parties shall have obtained all consents
                  and approvals of their respective boards of directors and stockholders,
                  and all material consents, including any material consents and
                  waivers by
                  the Parties’ respective lenders and other third-parties, if necessary, to
                  the consummation of the transactions contemplated by this
                  Agreement.

              

        
          	
                  (ii)  

                	
                  Absence
                    of Certain
                    Litigation.  No action or proceeding shall be threatened
                    or pending before any governmental entity or authority which,
                    in the
                    reasonable opinion of counsel for the Parties, is likely to result in a
                    restraint, prohibition or the obtaining of damages or other relief
                    in
                    connection with this Agreement or the consummation of the
                    Merger.

                

        

      

    

    

    
      SECTION
        5.02 CONDITIONS PRECEDENT TO THE OBLIGATIONS OF SUB AND PARENT

    

    

    The
      obligations of SUB and PARENT as
      provided herein shall be subject to each of the following conditions precedent,
      unless waived by SUB and PARENT:

    
       

      
        
          	
                  (i)  

                	
                   Consents
                    And
                    Approvals.  TARGET shall have obtained all material
                    consents, including any material consents and waivers by TARGET's
                    lenders
                    and other third-parties, if necessary, to the consummation of
                    the
                    transactions contemplated by this
                    Agreement.

                

        

        
          	
                  (ii)  

                	
                   Representations
                    and
                    Warranties. The representations and warranties by TARGET in Article
                    III herein shall be true and accurate in all material respects
                    on and as
                    of the Closing Date with the same force and effect as though
                    such
                    representations and warranties had been made at and as of the
                    Closing
                    Date, except to the extent that any changes therein are specifically
                    contemplated by this Agreement.

                

        

        
          	
                  (iii)  

                	
                   Performance.
                    TARGET shall have performed and complied in all material respects
                    with all
                    agreements to be performed or complied with by them pursuant
                    to this
                    Agreement prior at or prior to the
                    Closing.

                

        

        
          	
                  (iv)  

                	
                  Proceedings
                    and
                    Documents. All corporate and other proceedings in connection with
                    the transactions contemplated by this Agreement and all documents
                    and
                    instruments incident to such transactions shall be reasonably
                    satisfactory
                    in substance and form to SUB and PARENT and its counsel, and
                    SUB and its
                    counsel shall have received all such counterpart originals (or
                    certified
                    or other copies) of such documents as they may reasonably
                    request.

                

        

        
          	
                  (v)  

                	
                   Certificate
                    of Good
                    Standing. TARGET shall have delivered to SUB and PARENT a
                    certificate as to the good standing of TARGET in the State of
                    Nevada
                    certified by the Secretary of State of the State of Nevada on
                    or within 20
                    calendar days of the Closing Date.

                
	(vi)  
                  	Material
                  Changes. Except as contemplated by this Agreement, since the date
                  hereof, TARGET shall not have suffered a Material Adverse
                  Effect.
	(vii)  
                  	Certified
                  List of
                  Shareholders. TARGET shall have delivered to PARENT a certified
                  list of shareholders and their shareholdings from the Transfer
                  Agent, as
                  well as a schedule showing any options, warrants, scrip or any
                  other
                  rights to purchase stock, plus the terms of any such purchase
                  rights.
	(viii)
                   	Reduction
                  of Debt on
                  Balance Sheet of TARGET. TARGET shall have to the satisfaction of
                  Parent reduced or have bonified agreements in place to reduce its
                  current
                  liabilities (as reported in the TARGET 10QSB for the period ending
                  June
                  30, 2007) by no less than fifty percent (50%) on or before
                  Closing.
	(ix)
                   	Audited
                  Financial
                  Statements of TARGET, DPC and A4. TARGET shall have been delivered
                  to PARENT, a certified list of shareholders and their shareholdings
                  from
                  the Transfer Agent, as well as a schedule showing any options,
                  warrants,
                  scrip or any other rights to purchase stock, plus the terms of
                  any such
                  purchase rights.
	 	 

        

        
          
            
            

          

          
            -28-

            
              

            

          

          
            
            

          

        

      

    

    
      	
               

            	
              SECTION
                5.03 CONDITIONS PRECEDENT TO THE OBLIGATIONS OF TARGET
                

            

    

    

    The
      obligation of TARGET on the Closing
      Date as provided herein shall be subject to the satisfaction, on or prior to
      the
      Closing Date, of the following conditions precedent, unless waived by
      TARGET:

    
       

      
        
          	
                  (i)  

                	
                  Consents
                    And
                    Approvals.  SUB and PARENT shall have obtained the
                    consent and approval of their respective lenders and other third-parties,
                    if necessary, to the consummation of the transactions contemplated
                    by this
                    Agreement.

                

        

        
          	
                  (ii)  

                	
                  Representations
                    And
                    Warranties. The representations and warranties by SUB and PARENT
                    in
                    Article II herein shall be true and accurate in all material
                    respects on
                    and as of the Closing Date with the same force and effect as
                    though such
                    representations and warranties had been made at and as of the
                    Closing
                    Date, except to the extent that any changes therein are specifically
                    contemplated by this Agreement.

                

        

        
          	
                  (iii)  

                	
                  Performance.
                    SUB and PARENT shall have performed and complied in all material
                    respects
                    with all agreements to be performed or complied with by them
                    pursuant to
                    this Agreement prior to or at the
                    Closing.

                

        

        
          	
                  (iv)  

                	
                  Proceedings
                    And
                    Documents. All corporate, company and other proceedings in
                    connection with the transactions contemplated by this Agreement
                    and all
                    documents and instruments incident to such transactions shall
                    be
                    reasonably satisfactory in substance and form to TARGET and its
                    counsel,
                    and TARGET and its counsel shall have received all such counterpart
                    originals (or certified or other copies) of such documents as
                    they may
                    reasonably request.

                

        

        
          	
                  (v)  

                	
                  Certificate
                    of Good
                    Standing. SUB and PARENT shall have delivered to TARGET a
                    certificate as to the good standing of SUB certified by the Secretary
                    of
                    State of the State of Nevada, on or within 2 business days of
                    the Closing
                    Date.

                
	(vi)  
                  	Material
                  Changes. Except as contemplated by this Agreement, since the date
                  hereof, SUB shall not have suffered a Material Adverse
                  Effect.
	(vii)  
                  	Certified
                  List of
                  Shareholders. PARENT shall have delivered to TARGET a certified
                  list of shareholders and their shareholdings from the Transfer
                  Agent, as
                  well as a schedule showing any options, warrants, scrip or any
                  other
                  rights to purchase stock, plus the terms of any such purchase
                  rights.
	(viii) 	FINANCING.
                  Delivery of FINANCING as described in Section 1.09
                  herein.

        

      

    

     

    
      
        
        

      

      
        -29-

        
          

        

      

      
        
        

      

    

    ARTICLE
      VI

    TERMINATION,
      AMENDMENT AND WAIVER

    

    SECTION
      6.01  TERMINATION

    

    This
      Agreement may be terminated and
      the Merger may be abandoned at any time prior to the Effective Time
      by:

    
       

      
        
          	
                  (i)  

                	
                  The
                    mutual written consent of the Boards of Directors of the
                    Parties;

                

        

        
          	
                  (ii)  

                	
                  Either
                    SUB and PARENT, on the one hand, or TARGET, on the other hand,
                    if any
                    governmental entity or court of competent jurisdiction shall
                    have issued
                    an order, decree or ruling or taken any other action (which order,
                    decree,
                    ruling or other action the parties to this Agreement shall use
                    their
                    reasonable efforts to lift), which restrains, enjoins or otherwise
                    prohibits the Merger or the acceptance for payment of, or payment
                    for,
                    Issuable Shares pursuant to the Merger and such order, decree,
                    ruling or
                    other action shall have become final and
                    non-appealable;

                

        

        
          	
                  (iii)  

                	
                  SUB
                    and PARENT, if TARGET shall have breached in any material respect
                    any of
                    their respective representations, warranties, covenants or other
                    agreements contained in this Agreement, and the breach cannot
                    be or has
                    not been cured within 15 calendar days after the giving of written
                    notice
                    by SUB and PARENT to TARGET;

                

        

        
          	
                  (iv)  

                	
                  TARGET,
                    if SUB and PARENT shall have breached in any material respect
                    any of their
                    representations, warranties, covenants or other agreements contained
                    in
                    this Agreement, and the breach cannot be or has not been cured
                    within 15
                    calendar days after the giving of written notice by TARGET to
                    SUB and
                    PARENT; or

                

        

        
          	
                  (v)  

                	
                  
                    Without
                      any action on the part of the Parties if required by Applicable
                      Law.

                  

                
	(vi)  
                  	On
                  April 30, 2008 if the Merger is not closed prior thereto, unless
                  this date
                  is extended by the mutual agreement in writing of the Parties prior
                  thereto.
	(vii)  
                  	TARGET
                  and/or PARENT if the provisions of Section 4.02(iii) have not been
                  satisfied.
	 	 

        

         

      

    

    SECTION
      6.02  EFFECT OF TERMINATION

    

    If
      this Agreement is terminated as
      provided in Section 6.01, written notice of such termination shall be given
      by
      the terminating Party to the other Party specifying the provision of this
      Agreement pursuant to which such termination is made, this Agreement shall
      become null and void and there shall be no liability on the part of SUB and
      PARENT or TARGET; provided that nothing in this Agreement shall relieve any
      Party from any liability or obligation with respect to any willful breach of
      this Agreement.

    

    
      
        
        

      

      
        -30-

        
          

        

      

      
        
        

      

    

    ARTICLE
      VII

    CONFIDENTIALITY;
      NON-SOLICITATION; EXCLUSIVITY

    

    SECTION
      7.01  CONFIDENTIALITY

    

    SUB
      and PARENT, on the one hand, and
      TARGET, on the other hand, will keep confidential all information and documents
      obtained from the other, including but not limited to any information or
      documents provided pursuant to Section 4.03(vii) hereof, which are designated
      by
      such Party as confidential (except for any information disclosed to the public
      pursuant to a press release authorized by the Parties) and in the event the
      Closing does not occur or this Agreement is terminated for any reason, will
      promptly return such documents and all copies of such documents and all notes
      and other evidence thereof, including material stored on a computer, and will
      not use such information for its own advantage, except to the extent that (i)
      the information must be disclosed by law, (ii) the information becomes publicly
      available by reason other than disclosure by the Party subject to the
      confidentiality obligation, (iii) the information is independently developed
      without use of or reference to the other Party’s confidential information, (iv)
      the information is obtained from another source not obligated to keep such
      information confidential, or (v) the information is already publicly known
      or
      known to the receiving Party when disclosed as demonstrated by written
      documentation in the possession of such Party at such time.

    

    SECTION
      7.02  NON-SOLICITATION

    

    During
      the period from the date of this
      Agreement until the consummation or termination of this Agreement or the Merger
      and, in the event of the termination of this Agreement or the Merger for any
      reason, during the one (1) year period following the date of such termination,
      neither Party shall, without the consent of the other Party, directly or
      indirectly solicit the employment or engagement, as an employee or consultant,
      any “restricted employee” or encourage any “restricted employee” to leave the
      employment of the other Party or any subsidiary of the other Party.  A
“restricted employee” shall mean any person who is employed by a Party or any of
      its subsidiaries on the date of this Agreement or at any time during the six
      (6)
      months prior thereto.

    

    
      SECTION
        7.03 EXCLUSIVITY 

    

    

    Except
      for the transactions
      contemplated by this Agreement, none of the Parties shall (i) solicit, initiate,
      or encourage the submission of any proposal or offer relating to the acquisition
      of any capital stock or other voting securities or any substantial portion
      of
      the assets of such or any other Party hereto (including any acquisition
      structured as a merger, consolidation, or share exchange) or (ii) participate
      in
      any discussions or negotiations regarding, furnish any information with respect
      to, assist or participate in, or facilitate in any other manner any effort
      or
      attempt by any Person to do or seek any of the foregoing.  The Parties
      shall notify each other Party immediately if any Person makes any proposal,
      offer, inquiry, or contact with respect to any of the foregoing.

    

    
      
        
        

      

      
        -31-

        
          

        

      

      
        
        

      

    

    ARTICLE
      VIII

    INDEMNIFICATION

    

    
      SECTION
        8.01 INDEMNIFICATION BY SUB AND PARENT 

    

    

    SUB
      and PARENT shall indemnify, defend
      and hold harmless, TARGET, and each person who is now, or has been at any time
      prior to the date hereof or who becomes prior to the Closing, an officer,
      director or partner of, TARGET or an employee of, TARGET and their respective
      heirs, legal representatives, successors and assigns (the “TARGET Indemnified
      Parties”) against all losses, claims, damages, costs, expenses (including
      attorneys’ fees), liabilities or judgments or amounts that are paid in
      settlement of or in connection with any threatened or actual claim, action,
      suit, proceeding or investigation based in whole or in part on or arising in
      whole or in part out of (i) any breach of this Agreement by SUB and PARENT,
      including but not limited to failure of any representation or warranty to be
      true and correct at or before the Closing, or (ii) any act, omission or conduct
      of any officer, director or agent of SUB and PARENT prior to the Closing,
      whether asserted or claimed prior to, or at or after, the Closing, or (iii)
      relating to the consummation of the transactions contemplated herein, and any
      action taken in connection therewith (“TARGET Indemnified
      Liabilities”).  Any TARGET Indemnified Party wishing to claim
      indemnification under this Section 8.01, upon learning of any such claim,
      action, suit, proceeding or investigation, shall notify SUB and PARENT, but
      the
      failure so to notify shall not relieve SUB and PARENT from any liability that
      it
      may have under this Section 8.01, except to the extent that such failure would
      materially prejudice SUB and PARENT.

    

    
      SECTION
        8.02 INDEMNIFICATION BY TARGET 

    

    

    TARGET
      shall indemnify, defend and hold
      harmless SUB and PARENT and each person who is now, or has been at any time
      prior to the date hereof or who becomes prior to the Closing, an officer,
      director or partner of SUB and PARENT, or an employee of SUB and PARENT and
      their respective heirs, legal representatives, successors and assigns
      (collectively the “SUB Indemnified Parties”) against all losses, claims,
      damages, costs, expenses (including attorneys’ fees), liabilities or judgments
      or amounts that are paid in settlement of or in connection with any threatened
      or actual claim, action, suit, proceeding or investigation based in whole or
      in
      part on or arising in whole or in part out of (i) any breach of this Agreement
      by TARGET, including but not limited to failure of any representation or
      warranty to be true and correct at or before the Closing, or (ii) any act,
      omission or conduct of any officer, director or agent of TARGET prior to the
      Closing, whether asserted or claimed prior to, or at or after, the Closing,
      or
      (iii) relating to the consummation of the transactions contemplated herein,
      and
      any action taken in connection therewith (collectively “SUB Indemnified
      Liabilities”).  Any SUB Indemnified Party wishing to claim
      indemnification under this Section 8.02, upon learning of any such claim,
      action, suit, proceeding or investigation, shall notify TARGET, but the failure
      so to notify shall not relieve TARGET from any liability that it may have under
      this Section 8.02, except to the extent that such failure would materially
      prejudice TARGET.

    

    
      SECTION
        8.03 SURVIVAL OF INDEMNIFICATION 

    

    

    All
      rights to indemnification under
      this Article 8 shall survive the consummation of the Merger and the termination
      of this Agreement.  The provisions of this Article 8 are intended to
      be for the benefit of, and shall be enforceable by, each TARGET Indemnified
      Party and each SUB Indemnified Party, and his or her heirs and
      representatives.  No Party shall enter into any settlement regarding
      the foregoing without prior approval of the TARGET Indemnified Party or SUB
      Indemnified Party, as the case may be.

    

    
      
        
        

      

      
        -32-

        
          

        

      

      
        
        

      

    

    ARTICLE
      IX

    MISCELLANEOUS

    

    SECTION
      9.01  NON-SURVIVAL OF REPRESENTATIONS AND WARRANTIES

    

    None
      of the representations and
      warranties in this Agreement or in any instrument delivered pursuant to this
      Agreement shall survive the Effective Time, except as set forth in Article
      VIII.
      All such representations and warranties will be extinguished on consummation
      of
      the Merger and none of the Parties nor any of their officers, directors,
      employees or stockholders shall be under any liability whatsoever with respect
      to any such representation or warranty after such time. This Section 9.01 shall
      not limit any covenant or agreement of the Parties which by its terms
      contemplates performance after the Effective Time.

    

    SECTION
      9.02  EXPENSES

    

    Except
      as contemplated by this
      Agreement, all costs and expenses incurred in connection with this Agreement
      and
      the consummation of the transactions contemplated by this Agreement shall be
      paid by the Party incurring such expenses.

    

    SECTION
      9.03  APPLICABLE LAW AND CONSENT TO JURISDICTION

    

    The
      interpretation and enforcement of
      this Agreement shall be exclusively governed by the laws of the State of Nevada
      as applied to agreements entered into and to be performed in such state. The
      parties hereto also consent to the exclusive jurisdiction and venue of the
      United States District Court—District of Nevada  in the event that any
      dispute among the parties arises from this Agreement or any other dispute among
      the parties hereto.

    

    SECTION
      9.04  NOTICES

    

    All
      notices and other communications
      under this Agreement shall be in writing and shall be deemed to have been duly
      given or made as follows:

     

    
      	
              (i)  

            	
              If
                sent by registered or certified mail in the United States, return
                receipt
                requested, upon receipt;

            

      
        	
                (ii)  

              	
                If
                  sent by reputable overnight air courier (such as Federal Express),
                  2
                  business days after being sent;

              

      

      
        	
                (iii)  

              	
                 If
                  sent by facsimile transmission, with a copy mailed on the same
                  day in the
                  manner provided in clauses (i) or (ii) above, when transmitted
                  and receipt
                  is confirmed by telephone; or

              

      

      
        	
                (iv)  

              	
                If
                  otherwise actually personally delivered, when
                  delivered.

              

      

       

      
        
          
          

        

        
          -33-

          
            

          

        

        
          
          

        

      

    

    All
      notices and other communications
      under this Agreement shall be sent or delivered as follows:

    

    If
      to TARGET (a Nevada corporation),
      to:

    

    Paivis
      Corp

    #400
      3475
      Lenox Road

    Atlanta,
      GA, 30326

    Telephone:
      (404) 601-2885

    Attention:
      Edwin Kwong, Interim CEO

    

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

    

    Gregory
      Bartko, Esq.

    Law
      Office of Gregory Bartko

    3475
      Lenox Road, Suite 400

    Atlanta,
      GA  30326

    Telephone:
      (404) 238-0550

    Facsimile:  (404)
      238-0551

    Email:
      gbartko@mindspring.com

    

    If
      to SUB (Nevada corporation and
      PARENT (Delaware corporation), to:

    

    TRUSTCASH
      HOLDINGS, INC.

    400
      Park
      Avenue Suite 1420

     NY
      NT 10022

    

    Each
      Party may change its address by
      written notice in accordance with this Section.

    

    
      
        
        

      

      
        -34-

        
          

        

      

      
        
        

      

    

    SECTION
      9.05  ENTIRE AGREEMENT

    

    This
      Agreement (including the documents
      and instruments referred to in this Agreement) contains the entire understanding
      of the Parties with respect to the subject matter contained in this Agreement,
      and supersedes and cancels all prior agreements, negotiations, correspondence,
      undertakings and communications of the Parties, oral or written, respecting
      such
      subject matter.

    

    SECTION
      9.06  ASSIGNMENT

    

    Neither
      this Agreement nor any of the
      rights, interests or obligations under this Agreement shall be assigned by
      any
      of the Parties (whether by operation of law or otherwise) without the prior
      written consent of the other Parties. Subject to the immediately foregoing
      sentence of this Section 9.06, this Agreement will be binding upon, inure to
      the
      benefit of and be enforceable by, the Parties and their respective successors
      and assigns.

    

    SECTION
      9.07  HEADINGS; REFERENCES

    

    The
      article, section and paragraph
      headings contained in this Agreement are for reference purposes only and shall
      not affect in any way the meaning or interpretation of this Agreement. All
      references herein to “Articles” or “Sections” shall be deemed to be references
      to Articles or Sections of this Agreement unless otherwise
      indicated.

    

    SECTION
      9.08  COUNTERPARTS

    

    This
      Agreement may be executed in one
      or more counterparts, each of which shall be deemed to be an original but all
      of
      which shall be considered one and the same agreement.

    

    SECTION
      9.09  NO THIRD PARTY BENEFICIARIES

    

    Except
      as otherwise contemplated by
      this Agreement, nothing herein is intended to confer upon any person or entity
      not a Party to this Agreement any rights or remedies under or by reason of
      this
      Agreement.

    

    SECTION
      9.10  SEVERABILITY; ENFORCEMENT

    

    Any
      term or provision of this Agreement
      that is invalid or unenforceable in any jurisdiction shall, as to that
      jurisdiction, be ineffective to the extent of such invalidity or
      unenforceability without rendering invalid or unenforceable the remaining terms
      and provisions of this Agreement or affecting the validity or enforceability
      of
      any of the terms or provisions of this Agreement in any other jurisdiction.
      If
      any provision of this Agreement is so broad as to be unenforceable, the
      provisions shall be interpreted to be only so broad as is
      enforceable.

    

    [THE
      BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK – SIGNATURE PAGES
      FOLLOW]

    

    
      
        
        

      

      
        -35-

        
          

        

      

      
        
        

      

    

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

    

    
      
        	 	 	 	 	 
	SUB   	 	 	PARENT	 
	 	 	 	 	 
	TCHH
                ACQUISITION
                CORP.  	 	 	TRUSTCASH
                HOLDINGS,
                INC.	 
	A
                Nevada corporation 	 	 	A
                Delaware corporation	 
	 	 	 	 	 
	
                /s/
                  Greg Moss 

              	 	 	
                /s/
                  Greg Moss

              	 
	
                Greg
                  Moss 

              	 	 	
                Greg
                  Moss

              	 
	
                Title:           
                  CEO   

              	 	 	
                Title:           
                  CEO   

              	 

      

      

      
        
          	 	 	 	 	 
	TARGET	 	 	 	 
	 	 	 	 	 
	PAIVIS,
                  CORP.	 	 	 	 
	A
                  Nevada corporation 	 	 	 	 
	 	 	 	 	 
	
                  /s/
                    Edwin Kwong  

                	 	 	 	 
	
                  Edwin
                    Kwong

                	 	 	 	 
	
                  Title:           
                    CEO   

                	 	 	 	 

        

      
        
          
          

        

        
          -36-Execution
      Copy

     

     

    AIRBEE
      WIRELESS, INC.

     

    DEBENTURE
      AND WARRANT PURCHASE AGREEMENT

     

    January
      30, 2008

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

      
        	
                1.

              	
                Purchase
                  and Sale of Debentures; Issuance of Warrants; Security
                  Interest.

              	
                1

              
	 	
                1.1

              	
                Sale
                  of Debentures.

              	
                1

              
	 	
                1.2

              	
                Issuance
                  of Warrants.

              	
                1

              
	 	
                1.3

              	
                Security
                  Interest. .

              	
                1

              
	 	
                1.4

              	
                Closings;
                  Deliveries.

              	
                1

              
	
                2.

              	
                Representations
                  and Warranties of the Company. 

              	
                1

              
	 	
                2.1

              	
                Organization,
                  Good Standing and Qualification

              	
                1

              
	 	
                2.2

              	
                Authorization

              	
                1

              
	 	
                2.3

              	
                Valid
                  Issuance of the Securities.

              	
                1

              
	 	
                2.4

              	
                Governmental
                  Consents

              	
                1

              
	 	
                2.5

              	
                Compliance
                  with Other Instruments

              	
                1

              
	 	
                2.6

              	
                Conversion
                  Price Adjustments

              	
                1

              
	 	
                2.7

              	
                Reporting
                  Company Status

              	
                1

              
	 	
                2.8

              	
                SEC
                  Reports; Financial Statements

              	
                1

              
	 	
                2.9

              	
                Sarbanes-Oxley

              	
                1

              
	 	
                2.10

              	
                Private
                  Placement

              	
                1

              
	 	
                2.11

              	
                Application
                  of Takeover Protections

              	
                1

              
	 	
                2.12

              	
                No
                  Integrated Offering

              	
                1

              
	 	
                2.13

              	
                Acknowledgment
                  Regarding Investors’ Purchase of Securities

              	
                1

              
	 	
                2.14

              	
                Solvency

              	
                1

              
	 	
                2.15

              	
                Patents
                  and Trademarks

              	
                1

              
	 	
                2.16

              	
                Acknowledgment
                  of Dilution

              	
                1

              
	 	
                2.17

              	
                Disclosure

              	
                1

              
	
                3.

              	
                Representations
                  and Warranties of the Investors.

              	
                1

              
	 	
                3.1

              	
                Authorization

              	
                1

              
	 	
                3.2

              	
                Purchase
                  Entirely for Own Account

              	
                1

              
	 	
                3.3

              	
                Disclosure
                  of Information

              	
                1

              
	 	
                3.4

              	
                Investment
                  Experience; Independent Counsel

              	
                1

              
	 	
                3.5

              	
                Accredited
                  Investor

              	
                1

              
	 	
                3.6

              	
                Restricted
                  Securities

              	
                1

              
	 	
                3.7

              	
                Further
                  Limitations on Disposition.

              	
                1

              
	 	
                3.8

              	
                Legends.

              	
                1

              
	
                4.

              	
                Conditions
                  to each Closing.

              	
                1

              
	 	
                4.1

              	
                Conditions
                  of Investor’s Obligations at each Closing.

              	
                1

              
	 	
                4.2

              	
                Conditions
                  of the Company’s Obligations at each Closing.

              	
                1

              
	
                5.

              	
                Registration
                  Rights.

              	
                1

              
	
                6.

              	
                Additional
                  Covenants.

              	
                1

              
	 	
                6.1

              	 	
                1

              
	 	
                6.2

              	 	
                1

              
	 	
                6.3

              	 	
                1

              
	 	
                6.4

              	
                Furnishing
                  of Information

              	
                1

              
	 	
                6.5

              	
                Integration

              	
                1

              
	 	
                6.6

              	
                Shareholder
                  Rights Plan

              	
                1

              

      

    

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

     

      
        	 	
                6.7

              	
                Reservation
                  and Listing of Securities.

              	
                1

              
	
                7.

              	
                Miscellaneous.

              	
                1

              
	 	
                7.1

              	
                Survival
                  of Warranties

              	
                1

              
	 	
                7.2

              	
                Transfer;
                  Successors and Assigns

              	
                1

              
	 	
                7.3

              	
                Governing
                  Law

              	
                1

              
	 	
                7.4

              	
                Counterparts

              	
                1

              
	 	
                7.5

              	
                Titles
                  and Subtitles.

              	
                1

              
	 	
                7.6

              	
                Notices.
                  

              	
                1

              
	 	
                7.7

              	
                Fees
                  and Expenses

              	
                1

              
	 	
                7.8

              	
                Attorney’s
                  Fees

              	
                1

              
	 	
                7.9

              	
                Amendments
                  and Waivers.

              	
                1

              
	 	
                7.10

              	
                Severability

              	
                1

              
	 	
                7.11

              	
                Delays
                  or Omissions

              	
                1

              
	 	
                7.12

              	
                Language
                  Construction

              	
                1

              
	 	
                7.13

              	
                Entire
                  Agreement

              	
                1

              
	 	
                7.14

              	
                Corporate
                  Securities Law

              	
                1

              
	 	
                7.15

              	
                Confidentiality.

              	
                1

              
	 	 	 	 
	 	
                Exhibit A

              	
                Form
                  of Convertible Debenture

              	
                A-1

              
	 	
                Exhibit
                  B

              	
                Form
                  of Warrant

              	
                B-1

              
	 	
                Exhibit
                  C

              	
                Wire
                  Instructions (not supplied)

              	
                C-1

              

      

    

     

    
      
         

      

      
        ii

        
          

        

      

      
         

      

    

     

    AIRBEE
      WIRELESS, INC.

     

    DEBENTURE
      AND WARRANT PURCHASE AGREEMENT

     

    This
      Debenture and Warrant Purchase Agreement (the “Agreement”)
      is
      made as of January 30, 2008, by and between Airbee Wireless, Inc., a Delaware
      Corporation (the “Company”),
      and
      each of the persons or entities listed on Schedule
      I
      attached
      hereto, which Schedule I may be updated following the date hereof by mutual
      agreement of the parties with respect to the Third Closing (each, an
“Investor”
and
      together, the “Investors”).

     

    WHEREAS,
      the Company and its subsidiaries are in need of additional working
      capital;

     

    WHEREAS,
      the Company desires to sell, and the Investors desire to purchase, certain
      convertible debentures and warrants to purchase common stock of the Company
      upon
      the terms and conditions set forth in this Agreement;

     

    WHEREAS,
      the Company has issued to BARTFAM, a California limited partnership and one
      of
      the Investors named herein (“BARTFAM”),
      that
      certain Convertible Debenture dated January 30, 2007 in the principal
      amount of $150,000.00 (the “Prior
      Debenture”);
      and

     

    WHEREAS,
      the Prior Debenture shall be cancelled at the Initial Closing (as hereafter
      defined) and in consideration of the cancellation thereof $150,000.00 shall
      be
      credited to the principal payment due from BARTFAM in connection with the
      purchase and sale of the First Tranche Debenture (the “Prior
      Debenture Amount”).

     

    The
      Company and the Investors hereby agree as follows:

     

    1. Purchase
      and Sale of Debentures; Issuance of Warrants; Security
      Interest. 

     

    1.1 Sale
      of Debentures.
      Subject
      to the terms and conditions of this Agreement, the Investors agree to purchase,
      and the Company agrees to sell and issue to the Investors: (i) secured
      convertible debentures, substantially in the form attached hereto as
Exhibit A,
      in the
      aggregate principal amount of Five Hundred Thousand Dollars ($500,000.00) and
      in
      the individual principal amounts set forth on Schedule I
      opposite
      each Investor’s name at the Initial Closing (as defined below), against payment
      by the Investors to the Company of the principal amount thereunder (the
“First
      Tranche Debentures”);
      (ii) secured convertible debentures, substantially in the form attached
      hereto as Exhibit A,
      in the
      aggregate principal amount of Five Hundred Thousand Dollars ($500,000.00),
      and
      in the individual principal amounts as set forth on Schedule I
      opposite
      each Investor’s name at the Second Closing (as defined below), against payment
      by the Investors to the Company of the principal amount thereunder (the
“Second
      Tranche Debentures”);
      and
      (iii) secured convertible debentures, substantially in the form attached
      hereto as Exhibit A,
      up to
      the maximum aggregate principal amount of Four Hundred One Thousand One Hundred
      and Fifty Seven Dollars ($401,157.00), and in the individual principal amounts
      set forth on Schedule I
      opposite
      each Investor’s name at the Third Closing (as defined below), against payment by
      the Investors to the Company of the principal amount thereunder (the
“Third
      Tranche Debentures,”
and
      together with the First Tranche Debentures and Second Tranche Debentures, the
      “Debentures”).
      The
      shares of common stock of the Company, par value $0.00004 per share
      (“Common
      Stock”)
      issuable upon conversion of the Debentures are referred to herein as the
“Conversion
      Shares.”

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    1.2 Issuance
      of Warrants.
      As
      additional consideration for the working capital being loaned by the Investors
      to the Company, the Company shall issue to each Investor at each Closing,
      certain warrants, in the form attached hereto as Exhibit B,
      each
      evidencing the right to purchase 26.667 shares of Common Stock for each dollar
      of the principal amount of the Debentures sold to such Investor at each Closing
      (the “Warrants”),
      as
      set forth on Schedule I
      attached
      hereto, opposite each Investor’s name. The purchase price of the Common Stock
      issuable upon exercise of the Warrants (the “Warrant
      Shares”)
      issued
      to each Investor at each Closing shall be as follows: 33.3333% of the Warrant
      Shares shall have a purchase price of $0.10 per share; 33.3333% of the Warrant
      Shares shall have a purchase price of $0.20 per share, and 33.333% of the
      Warrant Shares shall have a purchase price of $0.30 per share. The Warrants
      to
      be issued at the Initial Closing with the First Tranche Debentures, as set
      forth
      on Schedule I
      attached
      hereto, are referred to herein as the “First
      Tranche Warrants.”
The
      Warrants to be issued at the Second Closing, with the Second Tranche Debentures,
      as set forth on Schedule I
      attached
      hereto, are referred to herein as the “Second
      Tranche Warrants.”
The
      Warrants to be issued at the Third Closing, with the Third Tranche Debentures,
      as set forth on Schedule I
      attached
      hereto, are referred to herein as the “Third
      Tranche Warrants.”

     

    1.3 Security
      Interest.
      The
      Debentures, and any future secured convertible debentures issued by the Company
      to the Investors pursuant to this Agreement or any amendments hereto, shall
      be
      secured by a security interest in all of the assets of the Company as more
      fully
      described in that certain Security Agreement executed by and among the parties
      hereto as of even date herewith in the form attached hereto as Exhibit D
      (the
“Security
      Agreement”).
      The
      Company shall execute and deliver all other security documents, including,
      without limitation, any intellectual property security agreements, account
      control agreements, irrevocable notices of payment assignment, and such other
      instruments as the Investors require to further evidence, effectuate and perfect
      any liens and security interests granted under the Security Agreement or any
      such other security instrument in order to secure the Company’s obligations
      thereunder, under the Debentures, and any related agreements. The Company shall
      make (and authorize the Investors or any agent they appoint to make), in each
      case at the Company’s sole expense, any filings and record any such security
      agreements with any filing office, including without limitation the U.S.
      Copyright Office and the United States Patent and Trademark Office, as the
      Investors (or any agent appointed by them) may request from time to
      time. 

     

    1.4 Closings;
      Deliveries.

     

    (a) Initial
      Closing.
      The
      purchase and sale of the First Tranche Debentures and the issuance of the First
      Tranche Warrants shall take place via exchange of electronic or facsimile
      signature pages hereto (with originals to be mailed as soon as practicable
      thereafter) on February 6, 2008, or at such other time and place as the parties
      hereto mutually agree upon, orally or in writing (which time and place are
      designated as the “Initial
      Closing”).
      At
      the Initial Closing, the Company shall deliver to the Investors the First
      Tranche Debentures and the First Tranche Warrants, and the Company’s signature
      page to this Agreement and the Security Agreement, against (x) payment of
      the purchase price therefor (such purchase price to be reduced by the Prior
      Debenture Amount) by check payable to the Company or by wire transfer to the
      bank and account designated by the Company on Exhibit C
      attached
      hereto and (y) delivery of counterpart signature pages to this Agreement, and
      to
      the Security Agreement.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (b) Second
      Closing.
      The
      purchase and sale of the Second Tranche Debentures and issuance of the Second
      Tranche Warrants shall take place via exchange of electronic or facsimile
      signature pages thereto (with originals to be mailed as soon as practicable
      thereafter) on a date to be agreed between the parties, upon the satisfactory
      settlement or agreement among the Company and its principal corporate creditors;
      provided, however, that either Thomas F. Bartman or John W. Bartman may waive
      the occurrence thereof on behalf of each of the Investors (the “Second
      Closing”):
      The
      Company shall keep the Investors reasonably informed regarding all such
      settlement discussions and agreements with any of its principal corporate
      creditors. At the Second Closing, the Company shall deliver to the Investors
      the
      Second Tranche Debentures and the Second Tranche Warrants against payment of
      the
      purchase price therefor by check payable to the Company or by wire transfer
      to
      the bank and account designated by the Company on Exhibit C
      attached
      hereto.

     

    (c) Third
      Closing.
      The
      Investors may, at their sole option, lend to the Company up to an additional
      Four Hundred and One Thousand One Hundred and Fifty Seven Dollars on the same
      terms and conditions as the Warrants and Debentures issued at the Initial
      Closing and Second Closing (the “Call
      Option”),
      provided, that the Investors shall notify the Company in writing of their intent
      to exercise their Call Option (the “Call
      Option Exercise Notice”)
      no
      later than ten (10) calendar days following the Second Closing, stating the
      aggregate amount of funds to be lent to the Company. The purchase and sale
      of
      the Third Tranche Debentures and issuance of the Third Tranche Warrants shall
      take place via exchange of electronic or facsimile signature pages thereto
      (with
      originals to be mailed as soon as practicable thereafter) no later than five
      (5)
      business days following the Company’s receipt of the Call Option Exercise Notice
      (the “Third
      Closing”).
      At
      the Third Closing, the Company shall deliver to the Investors the Third Tranche
      Debentures and the Third Tranche Warrants against payment of the purchase price
      therefor by check payable to the Company or by wire transfer to the bank and
      account designated by the Company on Exhibit
      C
      attached
      hereto

     

    2. Representations
      and Warranties of the Company.
      The
      Company hereby represents and warrants to each of the Investors
      that:

     

    2.1 Organization,
      Good Standing and Qualification.
      The
      Company is a corporation duly organized, validly existing and in good standing
      under the laws of the state of Delaware and has all requisite corporate power
      and authority to carry on its business. The Company is duly qualified to
      transact business and is in good standing in each jurisdiction in which the
      failure to so qualify would have a material adverse effect on its business
      or
      properties.

     

    2.2 Authorization.
      All
      corporate action on the part of the Company, its officers, directors and
      shareholders necessary for the authorization, execution and delivery of this
      Agreement and the Security Agreement, the performance of all obligations of
      the
      Company hereunder and thereunder and the authorization, issuance, sale and
      delivery of the Debentures and Warrants has been taken or will be taken prior
      to
      the Closing, and each of the Agreement, the Security Agreement, the Debentures
      and Warrants when executed and delivered by the Company, shall constitute valid
      and legally binding obligations of the Company, enforceable in accordance with
      their respective terms, except (a) as limited by applicable bankruptcy,
      insolvency, reorganization, moratorium, fraudulent conveyance, and other laws
      of
      general application affecting enforcement of creditors’ rights generally and
      (b) as limited by laws relating to the availability of specific
      performance, injunctive relief, or other equitable remedies.

     

    2.3 Valid
      Issuance of the Securities.
      The
      Debentures and Warrants that are being issued to the Investors hereunder, when
      issued, sold and delivered in accordance with the terms of this Agreement for
      the consideration expressed herein, will be duly and validly issued and fully
      paid and non-assessable, will be free of restrictions on transfer other than
      restrictions on transfer under this Agreement and applicable state and federal
      securities laws, will not be subject to any preemptive rights, rights of first
      refusal, tag-along rights, drag-along rights or other similar rights, and will
      be issued in compliance with applicable state and federal securities laws.
      The
      Conversion Shares and the Warrant Shares to be issued, sold and delivered upon
      conversion of the Debentures or upon exercise of the Warrants, in accordance
      with the terms hereof for the consideration expressed herein, will be duly
      and
      validly issued, fully paid and non-assessable, will be free of restrictions
      on
      transfer other than restrictions on transfer under this Agreement and applicable
      state and federal securities laws, will not be subject to any preemptive rights,
      rights of first refusal, tag-along rights, drag-along rights or other similar
      rights, and will be issued in compliance with applicable state and federal
      securities laws. The Company (i) has duly and validly authorized and
      reserved for issuance shares of Common Stock, which is a number sufficient
      for
      the Conversion Shares and the Warrant Shares and (ii) at all times from and
      after the date hereof shall have a sufficient number of shares of Common Stock
      duly and validly authorized and reserved for issuance to satisfy the issuance
      of
      the Conversion Shares and Warrant Shares in full. The Debentures, Warrants,
      Conversion Shares and Warrant Shares are collectively referred to herein as
      the
“Securities.”

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    2.4 Governmental
      Consents.
      No
      consent, approval, order or authorization of, or registration, qualification,
      designation, declaration or filing with, any United States (federal, state
      or
      local) or foreign governmental authority on the part of the Company is required
      in connection with the consummation of the transactions contemplated by this
      Agreement, except for filings pursuant to Section 25102(f) of the
      California Corporate Securities Law of 1968, as amended, and the rules
      thereunder, other applicable state securities laws and Regulation D of the
      Securities Act of 1933, as amended (the “Securities
      Act”).

     

    2.5 Compliance
      with Other Instruments.
      The
      Company is not in violation or default of any provision of its organizational
      documents, or of any instrument, judgment, order, writ, decree or material
      contract to which it is a party or by which it is bound or, to its knowledge,
      of
      any provision of any statute, rule or regulation applicable to the Company.
      The
      execution, delivery and performance of the Agreement and the Security Agreement
      and the consummation of the transactions contemplated hereby and thereby will
      not result in any such violation or be in conflict with or constitute, with
      or
      without the passage of time or giving of notice, either a default under any
      such
      provision, instrument, judgment, order, writ, decree or material contract nor
      will it result in an event that results in the creation of any lien, charge
      or
      encumbrance upon any assets of the Company.

     

    2.6 Conversion
      Price Adjustments.
      The
      Conversion Price (as such term is defined in the Debenture) adjustments provided
      for in each Debenture shall remain in effect between each Closing, unless such
      Closing is following the Maturity Date (as such term is defined in the
      Debenture) of the Debenture and all outstanding amounts under such Debenture
      have been paid in full by the Company.

     

    2.7 Reporting
      Company Status.
      The
      Company is subject to the reporting requirements of the Securities Exchange
      Act
      of 1934, as amended (the “Exchange
      Act”)
      and
      the Company has taken no action designed to, or which to its knowledge is likely
      to have the effect of, terminating the registration of the Common Stock under
      the Exchange Act nor has the Company received any notification that the
      Securities and Exchange Commission is contemplating terminating such
      registration. The Common Stock is traded on the OTC Bulletin Board of the
Financial
      Industry Regulatory Authority (the “OTCBB”)
      and
      the Company has not received any notice regarding, and to the Company’s
      knowledge there is no threat of, the termination or discontinuance of the
      eligibility of the Common Stock for such trading. 

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    2.8 SEC
      Reports; Financial Statements.
      The
      Company has filed all reports, schedules, forms, statements and other documents
      required to be filed by the Company under the Securities Act and the Exchange
      Act, including pursuant to Section 13(a) or 15(d) thereof since
      December 31, 2005 (the foregoing materials, including the exhibits thereto
      and documents incorporated by reference therein, being collectively referred
      to
      herein as the “SEC
      Reports”)
      on a
      timely basis or has received a valid extension of such time of filing and has
      filed any such SEC Reports prior to the expiration of any such extension. As
      of
      their respective dates, the SEC Reports complied in all material respects with
      the requirements of the Securities Act and the Exchange Act, as applicable,
      and
      none of the SEC Reports, when filed, contained any untrue statement of a
      material fact or omitted to state a material fact required to be stated therein
      or necessary in order to make the statements therein, in the light of the
      circumstances under which they were made, not misleading. The financial
      statements of the Company included in the SEC Reports comply in all material
      respects with applicable accounting requirements and the rules and regulations
      of the Securities and Exchange Commission with respect thereto as in effect
      at
      the time of filing. Such financial statements have been prepared in accordance
      with United States generally accepted accounting principles applied on a
      consistent basis during the periods involved (“GAAP”),
      except as may be otherwise specified in such financial statements or the notes
      thereto and except that unaudited financial statements may not contain all
      footnotes required by GAAP, and fairly present in all material respects the
      financial position of the Company and its consolidated subsidiaries as of and
      for the dates thereof and the results of operations and cash flows for the
      periods then ended, subject, in the case of unaudited statements, to normal,
      immaterial, year-end audit adjustments.

     

    2.9 Sarbanes-Oxley.
      The
      Company is in material compliance with all provisions of the Sarbanes-Oxley
      Act
      of 2002 which are applicable to it as of the date hereof.

     

    2.10 Private
      Placement.
      Assuming the accuracy of the Investors’ representations and warranties set forth
      in Section 3 hereof, no registration under the Securities Act is required
      for the offer and sale of the Securities by the Company to the Investors as
      contemplated hereby. The issuance and sale of the Securities hereunder does
      not
      contravene the rules and regulations of the OTCBB.

     

    2.11 Application
      of Takeover Protections.
      The
      Company and its Board of Directors have taken all necessary action, if any,
      in
      order to render inapplicable any control share acquisition, business
      combination, poison pill (including any distribution under a rights agreement)
      or other similar anti-takeover provision under the Company’s certificate of
      incorporation (or similar charter documents) or the laws of the State of
      Delaware (including, but not limited to Section 203 of the Delaware General
      Corporation Law) that is or could become applicable to the Investors as a result
      of the Investors and the Company fulfilling their obligations or exercising
      their rights under this Agreement or the Security Agreement, including without
      limitation as a result of the Company’s issuance of the Securities and the
      Investors’ ownership of the Securities.

     

    2.12 No
      Integrated Offering.
      Assuming the accuracy of the Investors’ representations and warranties set forth
      in Section 3 hereof, neither the Company, nor any of its affiliates, nor
      any person acting on its or their behalf has, directly or indirectly, made
      any
      offers or sales of any security or solicited any offers to buy any security,
      under circumstances that would cause this offering of the Securities to be
      integrated with prior offerings by the Company for purposes of the Securities
      Act which would require the registration of any such securities under the
      Securities Act. 

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    2.13 Acknowledgment
      Regarding Investors’ Purchase of Securities.
      The
      Company acknowledges and agrees that each of the Investors is acting solely
      in
      the capacity of an arm’s length purchaser with respect to this Agreement and the
      Security Agreement and the transactions contemplated hereby and thereby. The
      Company further acknowledges that no Investor is acting as a financial advisor
      or fiduciary of the Company (or in any similar capacity) with respect to such
      agreements and the transactions contemplated hereby and thereby and any advice
      given by any Investor or any of their respective representatives or agents
      in
      connection with the such agreements and the transactions contemplated hereby
      and
      thereby is merely incidental to the Investors’ purchase of the Securities. The
      Company further represents to each Investor that the Company’s decision to enter
      into this Agreement and the Security Agreement has been based solely on the
      independent evaluation of the transactions contemplated hereby and thereby
      by
      the Company and its representatives.

     

    2.14 Solvency.
      After
      giving effect to the consummation of the transactions contemplated by this
      Agreement, the Company will be solvent, able to pay its indebtedness as it
      matures and will have capital sufficient to carry on its business and any other
      business in which it is about to engage. This Agreement is being executed and
      delivered by to the Investors in good faith and in exchange for fair, equivalent
      consideration. The Company does not intend to nor does management believe the
      Company will incur debts beyond its ability to pay them as they mature. The
      Company does not contemplate filing a petition in bankruptcy or for an
      arrangement or reorganization under the bankruptcy laws or any similar law
      of
      any jurisdiction now or hereafter in effect relating to Company nor does Company
      have any knowledge of any threatened bankruptcy or insolvency proceedings
      against Company.

     

    2.15 Patents
      and Trademarks.
      The
      Company and its subsidiaries have, or have rights to use, all patents, patent
      applications, trademarks, trademark applications, service marks, trade names,
      trade secrets, inventions, copyrights, licenses and other intellectual property
      rights and similar rights necessary or material for use in connection with
      their
      respective businesses as described in the SEC Reports (collectively, the
“Intellectual
      Property Rights”).
      Neither the Company nor any subsidiary has received a notice (written or
      otherwise) that any of the Intellectual Property Rights used by the Company
      or
      any subsidiary violates or infringes upon the rights of any person. All such
      Intellectual Property Rights are enforceable and there is no existing
      infringement by another person of any of the Intellectual Property Rights.
      The
      Company and its subsidiaries have taken reasonable security measures to protect
      the secrecy, confidentiality and value of all of their intellectual
      properties.

     

    2.16 Acknowledgment
      of Dilution.
      The
      Company acknowledges that the issuance of the Securities may result in dilution
      of the outstanding shares of Common Stock, which dilution may be substantial
      under certain market conditions. The Company further acknowledges that its
      obligations under this Agreement, including without limitation its obligation
      to
      issue the Warrant Shares and the Conversion Shares, are unconditional and
      absolute and not subject to any right of set off, counterclaim, delay or
      reduction, regardless of the effect of any such dilution or any claim the
      Company may have against any Investor and regardless of the dilutive effect
      that
      such issuance may have on the ownership of the other stockholders of the
      Company.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    2.17 Disclosure.
      The
      Company has fully provided the Investors with all the information that the
      Investors have requested for deciding whether to purchase the Debentures and
      Warrants and all information that the Company believes is reasonably necessary
      to enable the Investors to make such decision. Neither this Agreement, the
      exhibits hereto nor any other statements or certificates made or delivered
      in
      connection herewith or therewith contains any untrue statement of a material
      fact or omits to state a material fact necessary to make the statements herein
      or therein not misleading.

     

    3. Representations
      and Warranties of the Investors.
      Each
      Investor severally but not jointly hereby represents and warrants to the Company
      that:

     

    3.1 Authorization.
      Investor has full power and authority to enter into the Agreement. Each of
      the
      Agreement, the Debentures and Warrants, when executed and delivered by Investor,
      will constitute valid and legally binding obligations of Investor, enforceable
      in accordance with its terms, except (a) as limited by applicable
      bankruptcy, insolvency, reorganization, moratorium, and other laws of general
      application affecting enforcement of creditors’ rights generally and (b) as
      limited by laws relating to the availability of a specific performance,
      injunctive relief, or other equitable remedies.

     

    3.2 Purchase
      Entirely for Own Account.
      This
      Agreement is made with Investor in reliance upon Investor’s representation to
      the Company, which by Investor’s execution of this Agreement, Investor hereby
      confirms, that the Debentures and Warrants to be acquired by Investor hereunder,
      and the Conversion Shares and Warrant Shares to be issued to such Investor
      upon
      conversion of the Debentures or upon exercise of the Warrants, will be acquired
      for investment for Investor’s own account, not as a nominee or agent, and not
      with a view to the resale or distribution of any part thereof, and that Investor
      has no present intention of selling, granting any participation in, or otherwise
      distributing the same. By executing this Agreement, Investor further represents
      that Investor does not presently have any contract, undertaking, agreement
      or
      arrangement with any person to sell, transfer or grant participations to such
      person or to any third person, with respect to the Debenture. 

     

    3.3 Disclosure
      of Information.
      Investor believes it has received all the information it considers necessary
      or
      appropriate for deciding whether to purchase the Debentures. Investor further
      represents that it has had an opportunity to ask questions and receive answers
      from the Company regarding the terms and conditions of the offering of the
      Debentures and Warrants and the business, properties, prospects and financial
      condition of the Company. The foregoing, however, does not limit or modify
      the
      representations and warranties of the Company in Section 2 of this
      Agreement, or the right of Investor to rely thereon.

     

    3.4 Investment
      Experience; Independent Counsel.
      Investor acknowledges that it can bear the economic risk of its investment,
      and
      has such knowledge and experience in financial or business matters that it
      is
      capable of evaluating the merits and risks of the investment in the Debentures
      and Warrants. Investor also represents that it has not been organized for the
      purpose of acquiring the Debentures and Warrants. Investor is represented by
      its
      own legal counsel in connection with this Agreement, the related agreements
      and
      the transactions contemplated hereby, and has not been represented by, or been
      provided with any legal advice of the Company’s counsel in connection
      herewith.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    3.5 Accredited
      Investor.
      Investor is an “accredited investor” within the meaning of Rule 501 of
      Regulation D under the Securities Act.

     

    3.6 Restricted
      Securities.
      Investor understands that the Securities have not been, and will not be,
      registered under the Securities Act, by reason of a specific exemption from
      the
      registration provisions of the Securities Act which depends upon, among other
      things, the bona fide nature of the investment intent and the accuracy of
      Investor’s representations as expressed herein. Investor understands that the
      Securities are “restricted securities” under applicable United States federal
      and state securities laws and that, pursuant to these laws, Investor must hold
      the Securities indefinitely unless they are registered with the Securities
      and
      Exchange Commission and qualified by state authorities, or an exemption from
      such registration and qualification requirements is available. Investor
      acknowledges that the Company has no obligation to register or qualify the
      Securities for resale. Investor further acknowledges that if an exemption from
      registration or qualification is available, it may be conditioned on various
      requirements including, but not limited to, the time and manner of sale, the
      holding period for the applicable Securities, and on requirements relating
      to
      the Company which are outside of Investor’s control, and which the Company is
      under no obligation and may not be able to satisfy.

     

    3.7 Further
      Limitations on Disposition.
      Without
      in any way limiting the representations set forth above, Investor further agrees
      not to make any disposition of all or any portion of the Securities, unless
      and
      until the transferee has agreed in writing for the benefit of the Company to
      be
      bound by this Section 3, provided and to the extent this Section 3.7 is
      then applicable, and:

     

    (a) There
      is
      then in effect a registration statement under the Securities Act covering such
      proposed disposition and such disposition is made in accordance with such
      registration statement; or

     

    (b) (i) Investor
      shall have notified the Company of the proposed disposition and shall have
      furnished the Company with a detailed statement of the circumstances surrounding
      the proposed disposition, and (ii) if reasonably requested by the Company,
      Investor shall have furnished the Company with an opinion of counsel, reasonably
      satisfactory to the Company that such disposition will not require registration
      of such shares under the Securities Act.

     

    3.8 Legends.
      Investor understands that the Securities may bear one or all of the following
      legends:

     

    (a) “THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER THE SECURITIES LAWS OF
      CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY
      AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE
      SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION
      OR
      EXEMPTION THEREFROM. HOLDERS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR
      THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE
      ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND
      SUBSTANCE REASONABLY SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED
      TRANSFER OR RESALE IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE
      STATE SECURITIES LAWS.”

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    (b) Any
      legend required by the Blue Sky laws of any state to the extent such laws are
      applicable to the shares represented by the certificate so
      legended.

     

    4. Conditions
      to each Closing.

     

    4.1 Conditions
      of Investor’s Obligations at each Closing.
      The
      obligations of the Investors to the Company under this Agreement are subject
      to
      the fulfillment, on or before each Closing, of each of the following conditions,
      unless otherwise waived:

     

    (a) Representations
      and Warranties.
      The
      representations and warranties of the Company contained in Section 2 of
      this Agreement shall be true and correct in all material respects on and as
      of
      the applicable Closing with the same effect as though such representations
      and
      warranties had been made on and as of the date of each Closing.

     

    (b) Performance.
      The
      Company shall have performed and complied with all covenants, agreements,
      obligations and conditions contained in this Agreement that are required to
      be
      performed or complied with by it on or before each Closing.

     

    (c) Execution
      and Delivery of the Debentures and Warrants.
      The
      Debentures and Warrants to be executed and delivered at each Closing in
      accordance with Section 1.4 hereof, shall have been executed by the Company
      and delivered to the Investors.

     

    (d) Execution
      and Delivery of the Security Agreement.
      The
      Security Agreement shall have been executed by the Company and delivered to
      the
      Investors.

     

    (e) Officer’s
      Compliance Certificate.
      At each
      Closing, the President of the Company shall execute and deliver a certificate
      certifying that: (i) the conditions set forth in Section 4.1(a) and
      (b) hereof have been met by the Company as of each Closing in all material
      respects, and that there have been no material adverse changes to the Company’s
      business or financial condition since October 5, 2007; and (ii) the
      resolutions adopted by the Company’s Board of Directors authorizing the
      execution and delivery of this Agreement and the Security Agreement, the
      performance of all obligations of the Company hereunder and thereunder, and
      the
      authorization, issuance, sale and delivery of the Debentures and
      Warrants.

     

    (f) Qualifications.
      All
      authorizations, approvals or permits, if any, of any governmental authority
      or
      regulatory body of the United States, any state within the United States or
      any
      foreign jurisdiction that are required in connection with the lawful issuance
      and sale of the Debentures and Warrants pursuant to this Agreement shall be
      duly
      obtained and effective as of each Closing.

     

    4.2 Conditions
      of the Company’s Obligations at each Closing.
      The
      obligations of the Company to the Investors under this Agreement are subject
      to
      the fulfillment, on or before each Closing, of each of the following conditions,
      unless otherwise waived:

     

    (a) Representations
      and Warranties.
      The
      representations and warranties of each of the Investors contained in
      Section 3 of this Agreement shall be true and correct on and as of each
      Closing with the same effect as though such representations and warranties
      had
      been made on and as of such Closing.

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    (b) Payment.
      The
      Investors shall have delivered to the Company principal amount due under the
      Debenture to be delivered at such Closing as set forth in Section 1.4
      hereof.

     

    (c) Qualifications.
      All
      authorizations, approvals, or permits, if any, of any governmental authority
      or
      regulatory body of the United States, any state within the United States or
      any
      foreign jurisdiction that are required in connection with the lawful issuance
      and sale of the Debentures and Warrants pursuant to this Agreement shall be
      duly
      obtained and effective as of the Closing.

     

    5. Registration
      Rights.
      As
      promptly as practicable, but in no event later than ten (10) days after the
      date
      hereof, the Company and the Investors shall enter into a Registration Rights
      Agreement that shall provide the Investors customary registration rights for
      the
      Conversion Shares and Warrant Shares, including demand registration rights
      and
      piggyback rights. Such Registration Rights Agreement shall contain such other
      usual and customary terms and conditions as the parties may agree.

     

    6. Additional
      Covenants.

     

    6.1 The
      parties hereto shall execute a Voting Agreement following the Third Closing
      in a
      form to be mutually agreed by the parties, providing for, among other things,
      the right of the Investors to appoint two (2) members of the Board of Directors
      of the Company, and requiring the approval of such members of the Board of
      Directors in matters concerning financial transactions involving the sale,
      issuance or repurchase of greater than 1% of the Company’s then issued and
      outstanding equity, debt transactions in excess of $100,000.00 in the aggregate
      during any applicable fiscal year, the sale of all or substantially all of
      the
      Company’s assets in a single transaction or series of transactions, incurrence
      of capital expenditures in excess of $25,000.00 individually and/or $100,000.00
      in the aggregate during any applicable fiscal year, except in those expenses
      incurred in the ordinary course of business, and certain chief executive level
      hires by the Company.

     

    6.2 The
      parties agree to execute, deliver and/or file such other documents or
      instruments with the appropriate authorities, and take such other actions as
      may
      be reasonably necessary to carry out
      the
      terms and conditions of this Agreement and the Security Agreement and the
      transactions contemplated hereby and thereby.

     

    6.3 At
      the
      Investors’ reasonable request, the Company will cooperate with the Investors and
      provide any information necessary to make all filings with the United States
      Patent and Trademark Office or other governmental authority that are reasonably
      necessary to perfect the security interests of the Investors in the Company’s
      patents and trademarks, whether now existing or acquired in the future, pursuant
      to that certain Security Agreement executed by and among the parties hereto
      as
      of even date herewith.

     

    6.4 Furnishing
      of Information.
      Until
      such time as no Investor owns Securities, the Company covenants to timely file
      (or obtain extensions in respect thereof and file within the applicable grace
      period) all reports required to be filed by the Company after the date hereof
      pursuant to the Exchange Act even if the Company is not then subject to the
      reporting requirements of the Exchange Act. As long as any Investor owns
      Securities, if the Company is not required to file reports pursuant to the
      Exchange Act, it will prepare and furnish to the Purchasers and make publicly
      available in accordance with Rule 144(c) such information as is required for
      the
      Investors to sell the Securities under Rule 144. The Company further covenants
      that it will take such further action as any holder of the Securities may
      reasonably request, to the extent required from time to time, to enable such
      person to sell such Securities without registration under the Securities Act
      within the requirements of the exemption provided by
      Rule 144.

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    6.5 Integration.
      The
      Company shall not sell, offer for sale or solicit offers to buy or otherwise
      negotiate in respect of any security (as defined in Section 2 of the Securities
      Act) that would be integrated with the offer or sale of the Securities to the
      Investors in a manner that would require the registration under the Securities
      Act.

     

    6.6 Shareholder
      Rights Plan.
      No
      claim will be made or enforced by the Company or, with the consent of the
      Company, any other person, that any Investor is an “Acquiring Person” under any
      control share acquisition, business combination, poison pill (including any
      distribution under a rights agreement) or similar anti-takeover plan or
      arrangement in effect or hereafter adopted by the Company, or that any Investor
      could be deemed to trigger the provisions of any such plan or arrangement,
      by
      virtue of receiving Securities under this Agreement or under any other agreement
      between the Company and Investors.

     

    6.7 Reservation
      and Listing of Securities.

     

    (a) The
      Company shall maintain a reserve from its duly authorized shares of Common
      Stock
      for issuance of the Conversion Shares and the Warrant Shares.

     

    (b) If,
      on
      any date, the number of authorized but unissued (and otherwise unreserved)
      shares of Common Stock is less than the number of Conversion Shares and Warrant
      Shares on such date, then the Company’s Board of Directors shall use
      commercially reasonable efforts to amend the Company’s certificate of
      incorporation to increase the number of authorized but unissued shares of Common
      Stock to at least the amount required for the issuance of the Conversion Shares
      and Warrant Shares, as promptly as reasonable practicable.

     

    (c) The
      Company shall, if applicable: (i) in the time and manner required by the
      principal securities exchange or market on which the Common Stock is listed
      or
      quoted, (i) prepare and file with such securities exchange or market an
      additional shares listing application covering a number of shares of Common
      Stock at least equal to the Conversion Shares and the Warrant Shares on the
      date
      of such application, (ii) take all steps necessary to cause such shares of
      Common Stock to be approved for listing on such securities exchange or market
      as
      soon as possible thereafter, and (iii) provide to the Investors evidence of
      such listing.

     

    7. Miscellaneous.

     

    7.1 Survival
      of Warranties.
      Unless
      otherwise set forth in this Agreement, the warranties, representations and
      covenants of the Company and the Investors contained in or made pursuant to
      this
      Agreement shall survive each Closing. 

     

    7.2 Transfer;
      Successors and Assigns.
      Except
      The terms and conditions of this Agreement shall inure to the benefit of and
      be
      binding upon the respective successors and assigns of the parties (including
      transferees of the Debentures and Warrants). Nothing in this Agreement, express
      or implied, is intended to confer upon any party other than the parties hereto
      or their respective successors and assigns any rights, remedies, obligations,
      or
      liabilities under or by reason of this Agreement, except as expressly provided
      in this Agreement.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    7.3 Governing
      Law.
      This
      Agreement and all acts and transactions pursuant hereto and the rights and
      obligations of the parties hereto shall be governed by and construed under
      the
      laws of the State of New York without giving effect to principles of conflicts
      of law.

     

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

     

    7.5 Titles
      and Subtitles.
      The
      titles and subtitles used in this Agreement are used for convenience only and
      are not to be considered in construing or interpreting this
      Agreement.

     

    7.6 Notices.
      Unless
      otherwise expressly provided, any notice required or permitted under this
      Agreement shall be in writing and shall be deemed sufficient upon delivery,
      when
      delivered personally or by overnight courier or sent by telegram or fax, or
      five
      (5) days after deposit with the United States Postal Service, by certified
      or
      registered mail, with postage prepaid, addressed to the party to be notified
      at
      such party’s address as set forth below, or on the signature page, or as
      subsequently modified by written notice:

     

    The
      Company:

     

    Airbee
      Wireless, Inc.

    9400
      Key
      West Avenue

    Rockville,
      Maryland 20850

    Attention:
      Eugene Sharer, President

    Facsimile:
      (301) 517-1861

     

    with
      copies to:

     

    Stradling
      Yocca Carlson & Rauth

    1600
      Newport Center Drive Suite 1600

    Newport
      Beach, California 92660

    Attention:
      Shivbir S. Grewal, Esq.

    Facsimile:
      (949) 725-4100

     

    and

     

    Allen
      & Associates LLC

    12400
      Wilshire Blvd Suite 1080

    Los
      Angeles, California 90025

    Facsimile:
      310 371-7272

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    Investors:

     

    John
      W.
      Bartman and Thomas F. Bartman

    11777
      San
      Vicente Blvd Suite 600

    Los
      Angeles, California 90049

    Facsimile:
      310 826-8477

     

    with
      copies to:

     

    Samuel
      W.
      Halper, Esq.

    10866
      Wilshire Blvd., Suite 400

    Los
      Angeles, CA 90024

    Facsimile:
      424 901-8399

     

    and

     

    Allen
      & Associates LLC

    12400
      Wilshire Blvd Suite 1080

    Los
      Angeles, California 90025

    Facsimile:
      310 371-7272

     

    7.7 Fees
      and Expenses.
      The
      Company and Investors shall bear their own expenses in connection with the
      transactions contemplated by this Agreement; provided that Company shall pay
      Investors’ legal expenses up to a maximum of $15,000.00 in connection with the
      transactions contemplated by this Agreement. Company or Allen & Associates
      on behalf of the Company, shall pay Stradling Yocca Carlson & Rauth
      outstanding legal fees in the amount of $30,000.00 at the Initial
      Closing.

     

    7.8 Attorney’s
      Fees.
      If any
      action at law or in equity (including arbitration) is necessary to enforce
      or
      interpret the terms of the Agreement, the prevailing party shall be entitled
      to
      reasonable attorney’s fees, costs and necessary disbursements in addition to any
      other relief to which such party may be entitled.

     

    7.9 Amendments
      and Waivers.
      Any
      term of this Agreement may be amended or waived and the observance of any term
      of this Agreement may be waived (either generally or in a particular instance
      and either retroactively or prospectively) only with the written consent of
      the
      Company and the Investors. Any amendment or waiver effected in accordance with
      this Section 7.9 shall be binding upon the Investors and each transferee of
      the Securities, each future holder of the Securities and the
      Company.

     

    7.10 Severability.
      If one
      or more provisions of this Agreement are held to be unenforceable under
      applicable law, the parties agree to renegotiate such provision in good faith.
      In the event that the parties cannot reach a mutually agreeable and enforceable
      replacement for such provision, then (a) such provision shall be excluded from
      this Agreement, (b) the balance of the Agreement shall be interpreted as if
      such provision were so excluded and (c) the balance of the Agreement shall
      be enforceable in accordance with its terms.

     

    7.11 Delays
      or Omissions.
      No
      delay or omission to exercise any right, power or remedy accruing to any party
      under this Agreement, upon any breach or default of any other party under this
      Agreement, shall impair any such right, power or remedy of such non-breaching
      or
      non-defaulting party nor shall it be construed to be a waiver of any such breach
      or default, or an acquiescence therein, or of or in any similar breach or
      default thereafter occurring; nor shall any waiver of any single breach or
      default be deemed a waiver of any other breach or default theretofore or
      thereafter occurring. Any waiver, permit, consent or approval of any kind or
      character on the part of any party of any breach or default under this
      Agreement, or any waiver on the part of any party of any provisions or
      conditions of this Agreement, must be in writing and shall be effective only
      to
      the extent specifically set forth in such writing. All remedies, either under
      this Agreement or by law or otherwise afforded to any party, shall be cumulative
      and not alternative.

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    7.12 Language
      Construction.
      All of
      the terms and provisions (including the final language used and agreed upon
      by
      the parties) of this Agreement and the schedules and exhibits hereto shall
      be
      construed, in all cases, according to their fair meaning, and not for or against
      either party hereto. The parties acknowledge that each party and its counsel
      have had ample time and opportunity to review, negotiate and revise this
      Agreement and the schedule and exhibits hereto, and that the normal rule of
      construction to the effect that any ambiguities are to be resolved against
      the
      drafting party shall not be employed in the interpretation of this Agreement
      or
      any of the schedules or exhibits hereto.

     

    7.13 Entire
      Agreement.
      This
      Agreement, and the documents referred to herein constitute the entire agreement
      among the parties hereto pertaining to the subject matter hereof, and no party
      shall be liable or bound to any party in any manner by any warranties,
      representations, or covenants except as specifically set forth
      herein.

     

    7.14 Corporate
      Securities Law.
      THE
      SALE OF THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN
      QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA
      AND
      THE ISSUANCE OF THE SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE
      CONSIDERATION THEREFOR PRIOR TO THE QUALIFICATION IS UNLAWFUL, UNLESS THE SALE
      OF SECURITIES IS EXEMPT FROM THE QUALIFICATION BY SECTION 25100, 25102 OR
      25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS
      AGREEMENT ARE EXPRESSLY CONDITIONED UPON THE QUALIFICATION BEING OBTAINED UNLESS
      THE SALE IS SO EXEMPT.

     

    7.15 Confidentiality.
      Each
      party hereto agrees that, except with the prior written permission of the other
      party or as required by applicable law, it shall at all times keep confidential
      and not divulge, furnish or make accessible to anyone any confidential
      information, knowledge or data concerning or relating to the business or
      financial affairs of the other parties to which such party has been or shall
      become privy by reason of this Agreement, discussions or negotiations relating
      to this Agreement, the performance of its obligations hereunder or the ownership
      of Securities purchased hereunder. The provisions of this Section 7.15
      shall be in addition to, and not in substitution for, the provisions of any
      separate nondisclosure agreement executed by the parties hereto with respect
      to
      the transactions contemplated hereby.

     

    [Remainder
      of Page Intentionally Left Blank; Signature Pages Follow]

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

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

     

    
      	
              COMPANY:

            
	 
	
              AIRBEE
                WIRELESS, INC.

            
	
              a
                Delaware corporation

            
	 
	
              By:

            	
              /s/
                E. Eugene Sharer

            
	
              Name:

            	
              E.
                Eugene Sharer

            
	
              Title:

            	
              President

            
	 
	
              INVESTORS:

            

    

     

    
      	
              BARTFAM,
                a California limited partnership

            
	 
	
              By:

            	
              /s/
                Thomas F. Bartman

            
	
              Name:
                

            	
              Thomas
                F. Bartman

            
	
              Title:
                

            	
              General
                Partner

            
	 	 
	
              Thomas
                F. Bartman, Managing Trustee of The

              William
                S. Bartman Marital Trust

            
	 
	
              /s/
                Thomas F. Bartman

            
	 
	
              Cecile
                Citron Bartman, Trustee of the Cecile 

              Citron
                Bartman Trust

            
	
              /s/
                Cecile Citron Bartman

            
	 
	
              Judith
                A. Fiskin, Trustee of the Judith A. Fiskin 

              Trust
                dated April 16, 1996

            
	
              /s/
                Judith A. Fiskin

            

    

    

    SIGNATURE
      PAGE TO DEBENTURE AND WARRANT PURCHASE AGREEMENT

    
      
         

      

      
        S-1

        
          

        

      

      
         

      

    

    
      	
              /s/
                John W. Bartman

            
	
              John
                W. Bartman

            
	 
	
              /s/
                David A. Bartman

            
	
              David
                A. Bartman

            
	 
	
              /s/
                Michael T. Bartman

            
	
              Michael
                T. Bartman

            

    

    

    SIGNATURE
      PAGE TO DEBENTURE AND WARRANT PURCHASE AGREEMENT

     

    
      
         

      

      
        S-2

        
          

        

      

      
         

      

    

    Schedule
      I

     

    List
      of Investors

     

    
      	
              Investor
                Name

            	 	
              % of 

              Investment 

              at each 

              Closing

            	 	
              First Tranche 

              Debentures

            	 	
              First 

              Tranche 

              Warrants

            	 	
              Second 

              Tranche 

              Debentures

            	 	
              Second 

              Tranche 

              Warrants

            	 	
              Third 

              Tranche 

              Debentures*

            	 	
              Third 

              Tranche 

              Warrants*

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              BARTFAM,
                a California Limited Partnership

            	 	 	
              33.33

            	
              %

            	
              $

            	
              166,666.67

            	 	 	
              4,444,500

            	 	
              $

            	
              166,666.67

            	 	 	
              4,444,500

            	 	
              $

            	
              133,719.17

            	 	 	
              2,565,889

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              The
                William S. Bartman Marital Trust

            	 	 	
              16.67

            	
              %

            	
              $

            	
              83,333.33

            	 	 	
              2,222,250

            	 	
              $

            	
              83,333.33

            	 	 	
              2,222,250

            	 	
              $

            	
              66,859.58

            	 	 	
              1,782,944

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              Cecile
                Citron Bartman, Trustee of the Cecile Citron Bartman Trust dated
                September
                26, 2001

            	 	 	
              16.67

            	
              %

            	
              $

            	
              83,333.33

            	 	 	
              2,222,250

            	 	
              $

            	
              83,333.33

            	 	 	
              2,222,250

            	 	
              $

            	
              66,859,58

            	 	 	
              1,782,944

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              John
                W. Bartman

            	 	 	
              10.00

            	
              %

            	
              $

            	
              50,000.00

            	 	 	
              1,333,350

            	 	
              $

            	
              50,000.00

            	 	 	
              1,333,350

            	 	
              $

            	
              40,115.75

            	 	 	
              1,069,767

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              David
                A. Bartman

            	 	 	
              6.67

            	
              %

            	
              $

            	
              33,333.33

            	 	 	
              888,900

            	 	
              $

            	
              33,333.33

            	 	 	
              888,900

            	 	
              $

            	
              26,743.83

            	 	 	
              713,178

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              Michael
                T. Bartman

            	 	 	
              6.67

            	
              %

            	
              $

            	
              33,333.33

            	 	 	
              888,900

            	 	
              $

            	
              33,333.33

            	 	 	
              888,900

            	 	
              $

            	
              26,743.83

            	 	 	
              713,178

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              Judith
                A. Fiskin, Trustee of the Judith A. Fiskin Trust dated April 16,
                1996

            	 	 	
              10.00

            	
              %

            	
              $

            	
              50,000.00

            	 	 	
              1,333,350

            	 	
              $

            	
              50,000.00

            	 	 	
              1,333,350

            	 	
              $

            	
              40,115.75

            	 	 	
              1,069,767

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              TOTAL

            	 	 	
              100.00

            	
              %

            	
              $

            	
              500,000.00

            	 	 	
              13,333,500

            	 	
              $

            	
              500,000.00

            	 	 	
              13,333,500

            	 	
              $

            	
              401,157.00

            	 	 	
              10,697,667

            	 

    

     

    Schedule
      I

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    *
      These
      represent the maximum principal amount and warrant coverage with respect to
      the
      Third Tranche Debentures and Third Tranche Warrants. Schedule I will be updated
      upon the Company’s receipt of, and in accordance with, the Call Option Exercise
      Notice, with respect to the Third Tranche Debentures and Third Tranche
      Warrants.

    

    SIGNATURE
      PAGE TO DEBENTURE AND WARRANT PURCHASE AGREEMENT

     

    
      
         

      

      
        S-2

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A

     

    FORM
      OF CONVERTIBLE DEBENTURE

     

    THE
      SECURITIES REPRESENTED BY THIS DEBENTURE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS.
      ANY
      TRANSFER OF SUCH SECURITIES WILL BE INVALID UNLESS A REGISTRATION STATEMENT
      UNDER THE ACT AND AS REQUIRED BY BLUE SKY LAWS IS IN EFFECT AS TO SUCH TRANSFER
      OR IN THE OPINION OF COUNSEL SATISFACTORY TO THE COMPANY SUCH REGISTRATION
      IS
      UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE ACT AND BLUE SKY
      LAWS.

     

    Airbee
      Wireless, Inc.

     

    12%
      SECURED CONVERTIBLE DEBENTURE

     

    Debenture
      No. ABEW2008 - I - 

    

      
        	
                $____________

              	
                _______________
                  __, 2008

              

      

    

     

    FOR
      VALUE
      RECEIVED, subject to the terms and conditions of this 12% Secured Convertible
      Debenture (the “Debenture”),
      AIRBEE
      WIRELESS, INC.,
      a
      Delaware corporation with its principal offices located at 9400 Key West Avenue,
      Rockville, Maryland 20850 (the “Company”),
      hereby promises to pay to the order of [___________________] (the “Holder”),
      the
      principal sum of _________________ U.S. Dollars ($_____________) (the
“Face
      Amount”),
      or
      such lesser amount as below, upon demand made by the Holder at any time on
      or
      after the date which is two (2) years from the date of this Debenture, in lawful
      money of the United States and in immediately available funds (the “Maturity
      Date”).
      This
      Debenture is being issued pursuant to that certain Debenture and Warrant
      Purchase Agreement of even date herewith (the “Purchase
      Agreement”)
      entered into by the Holder with the Company and this Debenture is subject to
      that Purchase Agreement, which, together with this Debenture, sets forth the
      respective rights and obligations of the Holder and the Company with respect
      to
      this Debenture.

     

    1. Interest.
      Subject
      to the terms and conditions of this Debenture, the Company also promises to
      pay
      to the Holder interest accrued on the outstanding unpaid principal amount hereof
      until such principal amount is paid at the rate of twelve percent (12%) per
      annum. Accrued but unpaid interest shall be paid in quarter-annual installments,
      commencing on the last day of the calendar quarter ending March 31, 2008, and
      on
      the last day of each calendar quarter thereafter, until this Debenture has
      been
      paid in full in accordance with the terms hereof. Interest may be paid, at
      the
      option of the Company, in cash or in shares of common stock of the Company,
      par
      value $0.00004 per share (“Common
      Stock”),
      at a
      price per share of Common Stock equal to 80% of the average of the volume
      weighted average price of the Common Stock for the preceding five (5) days
      on
      which the Common Stock is traded on the trading market on which the Common
      Stock
      is then listed or quoted for trading (for example, the OTC Bulletin Board,
      Pink
      Sheets published by Pink Sheets, LLC, the American Stock Exchange, or the Nasdaq
      National Market) as reported by a generally accepted reporting service such
      as
      Bloomberg, LP. This Debenture is secured by a security interest in all of the
      assets of the Company as described more fully in that certain Security Agreement
      executed by the Company, the Holder and certain other parties thereto dated
      as
      of the date hereof.

     

    
      
         

      

      
        A-1

        
          

        

      

      
         

      

    

    2. Prepayment.
      The
      Company may not prepay the Debenture in whole or in part prior to the Maturity
      Date without the prior written consent of the Holder, which may be given or
      withheld in Holder’s sole discretion.

     

    3. Conversion.

     

    3.1 Conversion
      Mechanics.
      Upon
      any conversion of this Debenture pursuant to Section 3.2, this Debenture will
      convert into the number of shares of Common Stock obtaining by dividing (x)
      that
      portion of the Face Amount being converted, and all accrued and unpaid interest
      thereon as of the date of conversion, by (y) $0.02 (the “Conversion
      Price”).
      The
      Conversion Price shall be subject to adjustment as set forth in Section 4
      below.

     

    3.2 Holder’s
      Option to Convert.
      The
      Holder shall have the right, but not the obligation, from time to time to
      convert all or any portion of the issued and outstanding Face Amount and accrued
      but unpaid interest thereon into fully paid and nonassessable shares of Common
      Stock at the Conversion Price.

     

    3.3 Mechanics
      of Holder’s Conversion.
      In the
      event that the Holder elects to convert all or any part of this Debenture into
      Common Stock, the Holder shall give notice of such election by delivering an
      executed and completed notice of conversion in substantially the form attached
      hereto as Exhibit
      A (the
      “Notice
      of Conversion”)
      to the
      Company on or before each Conversion Date (as defined below) and such Notice
      of
      Conversion shall provide a breakdown in reasonable detail the Face Amount and
      accrued but unpaid interest thereon that are being converted. In addition,
      concurrently with providing In addition, concurrently with providing the Notice
      of Conversion to the Company, and in accordance with its Notice of Conversion,
      the Holder shall make the appropriate reduction to the outstanding Face Amount
      and accrued and unpaid interest thereon as entered in its records and shall
      provide written notice of such adjustment to the Company. Each date on which
      a
      Notice of Conversion is delivered or telecopied to the Company in accordance
      with the provisions hereof shall be deemed a Conversion Date (the “Conversion
      Date”).
      Pursuant to the terms of the Notice of Conversion, the Company will issue,
      within two (2) business days following a Conversion Date, instructions to the
      transfer agent, accompanied by an opinion of counsel, to issue to the Holder
      certificates representing the Conversion Shares (as hereinafter defined) and
      shall cause the transfer agent to transmit the certificates representing the
      Conversion Shares to the Holder within five (5) business days thereafter. In
      the
      case of the exercise of the conversion rights set forth herein, the conversion
      privilege shall be deemed to have been exercised and the Conversion Shares
      issuable upon such conversion shall be deemed to have been issued upon the
      date
      of receipt by the Company of the Notice of Conversion. The Holder shall be
      treated for all purposes as the record holder of the Conversion Shares, unless
      the Holder provides the Company written instructions to the
      contrary.

     

    3.4 Reservation
      of Shares.
      During
      the period the conversion right exists, the Company will reserve from its
      authorized and unissued Common Stock a sufficient number of shares to provide
      for the issuance of Common Stock upon the conversion of all or any part of
      this
      Debenture (the “Conversion
      Shares”).

    
      
         

      

      
        A-2

        
          

        

      

      
         

      

    

    3.5 No
      Fractional Shares.
      No
      fractional shares of Common Stock will be issued upon conversion of this
      Debenture. In lieu of any fractional shares to which the Holder would otherwise
      be entitled, the Company will pay the Holder in cash the amount of the
      unconverted Face Amount and accrued and unpaid interest, if any, that would
      otherwise be converted into such fractional shares.

     

    3.6 Release.
      Upon
      full conversion of this Debenture and payment of all cash amounts due to the
      Holder as provided in this Debenture, if any, the Company will forever be
      released from all of its payment obligations relating to the Face Amount of
      this
      Debenture and any accrued and unpaid interest thereon.

     

    4. Conversion
      Price Adjustment.
      The
      Conversion Price shall be subject to adjustment from time to time as
      follows:

     

    4.1 Subdivisions,
      Combinations and Other Issuances.
      If the
      Company shall at any time after the date hereof but prior to the Maturity Date
      subdivide its outstanding securities as to which purchase rights under this
      Debenture exist, by split-up or otherwise, or combine its outstanding securities
      as to which purchase rights under this Debenture exist, or declare a cash
      dividend, the number of Shares as to which this Debenture is convertible as
      of
      the date of such subdivision, split-up or combination shall forthwith be
      proportionately increased in the case of a subdivision or payment of a cash
      dividend, or proportionately decreased in the case of a combination. Appropriate
      adjustments shall also be made to the purchase price payable per Share, so
      that
      the aggregate purchase price payable for the total number of shares of Common
      Stock purchasable under this Debenture as of such date shall remain the
      same.

     

    4.2 Reclassification,
      Reorganization, Consolidation, Merger and Other Changes.
      In case
      of any reclassification, capital reorganization or change in the Common Stock
      of
      the Company (other than as a result of a subdivision, combination, or stock
      dividend provided for in Section 4.1), or consolidation or merger of the Company
      with or into another corporation, or the sale of all or substantially all of
      its
      assets to another corporation shall be effected in such a way that holders
      of
      the Company’s Common Stock shall be entitled to receive stock, securities or
      assets with respect to or in exchange for such Common Stock (a “Change”),
      then,
      as a condition of Change, lawful provision shall be made, and duly executed
      documents evidencing the same from the Company or its successor shall be
      delivered to the Holder, so that the Holder shall have the right at any time
      prior to the Maturity Date to receive upon conversion of this Debenture, the
      kind and amount of shares of stock and other securities and property receivable
      in connection with such Change that a holder of Common Stock would be entitled
      to receive in such Change. In any such case appropriate provisions shall be
      made
      with respect to the rights and interest of the Holder so that the provisions
      hereof shall thereafter be applicable with respect to any shares of stock or
      other securities and property deliverable upon conversion including adjustment
      of the Conversion Price.

     

    5. Registration.
      Pursuant
      to the terms and conditions of the Registration Rights Agreement to be executed
      as set forth in the Purchase Agreement, the Holder will have certain
      registration rights with respect to the Conversion Shares.

    
      
         

      

      
        A-3

        
          

        

      

      
         

      

    

    6. Events
      of Default. 

     

    6.1 An
      “Event
      of Default”,
      wherever used herein, means any one of the following events:

     

    (a) Any
      default in the payment of the principal of, interest on or other charges in
      respect of this Debenture, free of any claim of subordination, as and when
      the
      same shall become due and payable;

     

    (b) The
      Company shall fail to observe or perform any other covenant, agreement or
      warranty contained in, or otherwise commit any breach or default of any
      provision of this Debenture, the Purchase Agreement or the Security Agreement
      which is not cured with in the time prescribed;

     

    (c) The
      Company shall commence, or there shall be commenced against the Company under
      any applicable bankruptcy or insolvency laws, or the Company commences any
      other
      proceeding under any reorganization, arrangement, adjustment of debt, relief
      of
      debtors, dissolution, insolvency or liquidation or similar law of any
      jurisdiction relating to the Company or there is commenced against the Company
      any such bankruptcy, insolvency or other proceeding which remains undismissed
      for a period of 31 days; or the Company is adjudicated insolvent or
      bankrupt; or the Company makes a general assignment for the benefit of
      creditors; or the Company shall fail to pay its debts generally as they become
      due;

     

    (d) The
      Company shall default in any of its obligations under any other debenture or
      any
      mortgage, credit agreement or other facility, or other instrument under which
      there may be issued, or by which there may be secured or evidenced any
      indebtedness for borrowed money or money due under any long term leasing
      arrangement of the Company in an amount exceeding $100,000, whether such
      indebtedness now exists or shall hereafter be created and such default shall
      result in such indebtedness becoming or being declared due and payable prior
      to
      the date on which it would otherwise become due and payable; or

     

    (e) The
      Common Stock shall cease to be quoted for trading or listed for trading on
      either the Nasdaq OTC Bulletin Board (“OTC”),
      Nasdaq SmallCap Market, New York Stock Exchange, American Stock Exchange or
      the
      Nasdaq National Market and shall not again be quoted or listed for trading
      thereon within ten (10) trading days of such delisting.

     

    6.2 During
      the time that any portion of this Debenture is outstanding, if any Event of
      Default has occurred, the full principal amount of this Debenture, together
      with
      interest and other amounts owing in respect thereof, to the date of acceleration
      shall become at the Holder’s election, immediately due and payable in cash. In
      addition to any other remedies, the Holder shall have the right (but not the
      obligation) to convert this Debenture at any time after (x) an Event of
      Default or (y) the Maturity Date at the Conversion Price then in-effect.
      The Holder need not provide and the Company hereby waives any presentment,
      demand, protest or other notice of any kind.

     

    7. General
      Matters.

     

    7.1 Applicable
      Law; Venue.
      This
      Debenture shall be governed by the internal laws (and not the law of conflicts)
      of the State of New York.

    
      
         

      

      
        A-4

        
          

        

      

      
         

      

    

    7.2 Fees
      and Expenses.
      In the
      event that any suit or action is instituted to enforce any provision under
      this
      Debenture, the prevailing party in such dispute shall be entitled to recover
      from the losing party all fees, costs and expenses of enforcing any right of
      such prevailing party under or with respect to this Agreement, including without
      limitation, such reasonable fees and expenses of attorneys and accountants,
      which shall include, without limitation, all fees, costs and expenses of
      appeals.

     

    7.3 Amendment
      or Waiver.
      Any
      term of this Debenture may be amended, and the observance of any term of this
      Debenture may be waived (either generally or in a particular instance and either
      retroactively or prospectively) only by the written consent of the
      Holder.

     

    7.4 Headings.
      The
      headings in this Debenture are for purposes of convenience of reference only,
      and shall not be deemed to constitute a part of this Debenture.

     

    7.5 Notices.
      All
      notices, requests, consents and other communications required or permitted
      hereunder shall be in writing (including telecopy or similar writing) and shall
      be sent to the address of the parties set forth below in this Section 7.5.
      Any
      notice, request, consent or other communication hereunder shall be deemed to
      have been given and received on the day on which it is delivered (by any means
      including personal delivery, overnight air courier, United States mail) or
      telecopied (or, if such day is not a business day or if the notice, request,
      consent or communication is not telecopied during business hours of the intended
      recipient, at the place of receipt, on the next following business day). Any
      of
      the parties hereto may, by notice given hereunder, designate any further or
      different address and/or number to which subsequent notices or other
      communications shall be sent. Unless and until such written notice is received,
      the addresses and numbers as provided herein shall be deemed to continue in
      effect for all purposes hereunder.

     

    Addresses
      for Notices to Company:

     

    Airbee
      Wireless, Inc.

    9400
      Key
      West Avenue

    Rockville,
      MD 20850

    Attention:
      Eugene Sharer, President

    Facsimile:
      (301) 517-186

     

    With
      copies to:

     

    Stradling
      Yocca Carlson & Rauth

    660
      Newport Center Drive

    Suite
      1600

    Newport
      Beach, California 92660

    Attention:
      Shivbir S. Grewal, Esq.

    Facsimile:
      (949) 725-4100

     

    and

     

    Allen
      & Associates LLC

    12400
      Wilshire Blvd Suite 1080

    Los
      Angeles, California 90025

    Facsimile:
      310 371-7272

    
      
         

      

      
        A-5

        
          

        

      

      
         

      

    

     

    Address
      for Notices to Holder:

     

    John
      W.
      Bartman and Thomas F. Bartman

    11777
      San
      Vicente Blvd Suite 600

    Los
      Angeles, California 90049

    Facsimile:
      310 826-8477

     

    With
      copies to:

     

    Samuel
      W.
      Halper, Esq.

    10866
      Wilshire Blvd., Suite 400

    Los
      Angeles, CA 90024

    Facsimile:
      424 901-8399

     

    and

     

    Allen
      & Associates LLC

    12400
      Wilshire Blvd Suite 1080

    Los
      Angeles, California 90025

    Facsimile:
      310 371-7272

     

    7.6 Usury
      Limitation.
      In no
      event shall the amount paid or agreed to be paid to the Holder for the use
      or
      forbearance of money to be advanced hereunder exceed the highest lawful rate
      permissible under the then applicable usury laws. If it is hereafter determined
      by a court of competent jurisdiction that the interest payable hereunder is
      in
      excess of the amount which the Holder may legally collect under the then
      applicable usury laws, such amount which would be excessive interest shall
      be
      applied to the payment of the unpaid principal balance due hereunder and not
      to
      the payment of interest or, if all principal shall previously have been paid,
      promptly repaid by the Holder to the Company.

     

    7.7 Severability.
      Every
      provision of this Debenture is intended to be severable. If any term or
      provision hereof is declared by a court of competent jurisdiction to be illegal
      or invalid, such illegal or invalid term or provision shall not affect the
      balance of the terms and provisions hereof, which terms and provisions shall
      remain binding and enforceable.

     

    [Remainder
      of Page Intentionally Left Blank]

    
      
         

      

      
        A-6

        
          

        

      

      
         

        
          

        

      

    

    IN
      WITNESS WHEREOF, the Company has caused this Debenture to be executed as of
      the
      day and year first above written.

     

    
      	
              AIRBEE
                WIRELESS, INC.,

            
	
              a
                Delaware corporation

            
	 	 
	
              By:

            	 
	
              Name:

            	
              E.
                Eugene Sharer

            
	
              Title:

            	
              President

            

    

    

    
      
         

      

      
        A-7

        
          

        

      

      
         

      

    

    EXHIBIT
      A

     

    NOTICE
      OF
      CONVERSION

     

    (To
      be
      executed by the Holder in order to convert all or part of the 12% Convertible
      Debenture)

     

    Airbee
      Wireless, Inc.

    9400
      Key
      West Avenue

    Rockville,
      Maryland 20850

    Attention:
      E. Eugene Sharer, President

    

     

    The
      undersigned hereby converts $ ______________ of the Face Amount and accrued
      and
      unpaid interest due and payable on January 31, 2010 under that certain 12%
      Secured Convertible Debenture dated as of January 31, 2008 (the “Debenture”),
      into the number of shares of Common Stock of the Company set forth below
      (“Shares”) on and subject to the conditions set forth in the
      Debenture.

     

    
      	
              Date
                of Conversion

            	
              ______________________________

            
	
              Shares
                to be Delivered

            	
              ______________________________

            

    

    

    
      	
              [HOLDER]

            
	 	 
	
              By:
                

            	 

	
              Name:
                

            	 
	
              Title:
                

            	 

    

    
      
         

      

      
        A-8

        
          

        

      

      
         

      

    

    EXHIBIT
      B

     

    FORM
      OF WARRANT

     

    AIRBEE
      WIRELESS, INC.

     

    WARRANT
      TO PURCHASE COMMON STOCK

     

    WC-2008
      - I - 

     

    THE
      OFFER
      AND SALE OF THE SECURITIES EVIDENCED BY THIS WARRANT HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, (THE “ACT”)
      OR
      QUALIFIED UNDER STATE SECURITIES LAWS AND SUCH SECURITIES MAY NOT BE SOLD,
      TRANSFERRED, ASSIGNED OR HYPOTHECATED EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE ACT AND EFFECTIVE QUALIFICATION THEREOF OR
      IF
      SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION
      AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT AND THE QUALIFICATION
      REQUIREMENTS OF THE RELEVANT STATE. 

     

    This
      certifies that, for good and valuable consideration, receipt of which is hereby
      acknowledged, ___________________ (the “Holder”),
      and/or its assigns, is entitled to purchase, from time to time and subject
      to
      the terms and conditions of this Warrant, from AIRBEE WIRELESS, INC., a Delaware
      corporation (the “Company”),
      fully
      paid and nonassessable shares of Common Stock of the Company, par value $0.00004
      per share (each, a “Share”
and
      collectively, the “Shares”),
      in
      accordance with the terms hereof, during the period commencing on the date
      set
      forth on the signature page hereof (the “Commencement
      Date”).
      Terms
      not defined herein shall have the meaning ascribed to them in the Convertible
      Debenture and Warrant Purchase Agreement being executed contemporaneously
      herewith (the “Purchase
      Agreement”).
      If
      there is any conflict between the terms of the Purchase Agreement and this
      Warrant, the Purchase Agreement shall govern. If this Warrant is silent as
      to
      any term, the terms of the Purchase Agreement shall govern.

     

    1. Number
      of
      Shares; Vesting; Exercise Price and Expiration Date.

     

    1.1 This
      Warrant may be exercised for ____________________ Shares, subject to adjustment
      pursuant to the terms hereof.

     

    1.2 The
      right
      to exercise this Warrant shall fully vest on the Commencement Date.

     

    1.3 The
      exercise or purchase price for the Shares shall be $0.10 per Share. Such price
      shall be subject to adjustment pursuant to the terms hereof (such price, as
      adjusted from time to time, is hereinafter referred to as the “Exercise
      Price”). 

     

    1.4 The
      purchase right represented by this Warrant shall terminate on or before
      5 p.m. Pacific standard time, on the fifth (5th) anniversary of the
      Commencement Date (the “Expiration
      Date”).

    
      
         

      

      
        B-1

        
          

        

      

      
         

      

    

    2. Exercise
      and Payment.

     

    2.1 Cash
      Exercise.
      At any
      time after the Commencement Date, this Warrant may be exercised in whole or
      in
      part, from time to time, by the Holder by surrender of this Warrant and the
      Notice of Exercise annexed hereto duly completed and executed by the Holder
      to
      the Company at the principal executive offices of the Company, together with
      payment in the amount obtained by multiplying the Exercise Price then in effect
      by the number of Shares thereby purchased, as designated in the Notice of
      Exercise. Payment may be in cash or by check payable to the order of the
      Company.

     

    2.2 Mandatory
      Exercise.
      Promptly following the first consecutive ten (10) trading day period of time
      prior to the Expiration Date during which the closing sale price of the
      Company’s Common Stock, as reported by the Nasdaq National Market or other
      securities exchange on which the Company’s Common Stock is then listed, is equal
      to or greater than 300% of the Exercise Price on each day during such period,
      the Company shall deliver to the Holder a Mandatory Exercise Notice, together
      with a computation demonstrating the basis for such Mandatory Exercise Notice.
      In such event, notwithstanding anything to the contrary in Section 2(a) above,
      the Holder agrees to exercise this Warrant in full within ten (10) days
      following receipt of the Mandatory Exercise Notice from the Company. To the
      extent that this Warrant is not so exercised, it shall expire and be of no
      further force or effect. For purposes of this Warrant, “Mandatory Exercise
      Notice” shall mean the notice delivered by the Company to the Holder advising
      the Holder that the closing sale price of the Company’s Common Stock, as
      reported by the Nasdaq National Market or other securities exchange on which
      the
      Company’s Common Stock is then listed, has been equal to or greater than 300% of
      the Exercise Price (as adjusted for splits, reverse splits, stock dividends,
      share combinations and the like) for ten (10) consecutive trading
      days.

     

    3. Delivery
      of Certificates.
      Within
      a reasonable time after exercise, in whole or in part, of this Warrant, the
      Company shall issue in the name of and deliver to the Holder, a certificate
      or
      certificates for the number of fully paid and nonassessable Shares which the
      Holder shall have requested in the Notice of Exercise. If this Warrant is
      exercised in part, the Company shall deliver to the Holder a new Warrant for
      the
      unexercised portion of this Warrant at the time of delivery of such certificate
      or certificates.

     

    4. No
      Fractional Shares.
      No
      fractional Shares or scrip representing fractional Shares will be issued upon
      exercise of this Warrant. If upon any exercise of this Warrant a fraction of
      a
      Share results, the Company will pay the Holder the difference between the cash
      value of the fractional Share and the portion of the Exercise Price allocable
      to
      the fractional Share. 

     

    5. Charges,
      Taxes and Expenses.
      The
      Holder shall pay all transfer taxes or other incidental charges, if any, in
      connection with the transfer of the Shares purchased pursuant to the exercise
      hereof from the Company to the Holder. 

     

    6. Loss,
      Theft, Destruction or Mutilation of Warrant.
      Upon
      receipt by the Company of evidence reasonably satisfactory to it of the loss,
      theft, destruction or mutilation of this Warrant, and in case of loss, theft
      or
      destruction, of indemnity or security reasonably satisfactory to the Company,
      and upon reimbursement to the Company of all reasonable expenses incidental
      thereto, and upon surrender and cancellation of this Warrant, if mutilated,
      the
      Company will make and deliver a new Warrant of like tenor and dated as of such
      cancellation, in lieu of this Warrant.

    
      
         

      

      
        B-2

        
          

        

      

      
         

      

    

    7. Saturdays,
      Sundays, Holidays, Etc.
      If the
      last or appointed day for the taking of any action or the expiration of any
      right required or granted herein shall be a Saturday or a Sunday or shall be
      a
      legal holiday, then such action may be taken or such right may be exercised
      on
      the next succeeding weekday which is not a legal holiday. 

     

    8. Adjustment
      of Exercise Price and Number of Shares.
      The
      number of securities purchasable upon exercise of this Warrant and the Exercise
      Price shall be subject to adjustment from time to time as follows: 

     

    8.1 Subdivisions,
      Combinations and Other Issuances.
      If the
      Company shall at any time after the date hereof but prior to the expiration
      of
      this Warrant subdivide its outstanding securities as to which purchase rights
      under this Warrant exist, by split-up or otherwise, or combine its outstanding
      securities as to which purchase rights under this Warrant exist, or declare
      a
      cash dividend, the number of Shares as to which this Warrant is exercisable
      as
      of the date of such subdivision, split-up or combination shall forthwith be
      proportionately increased in the case of a subdivision or payment of a cash
      dividend, or proportionately decreased in the case of a combination. Appropriate
      adjustments shall also be made to the purchase price payable per Share, so
      that
      the aggregate purchase price payable for the total number of Shares purchasable
      under this Warrant as of such date shall remain the same.

     

    8.2 Share
      Distribution.
      If at
      any time after the date hereof the Company makes a distribution on the Shares
      into which this Warrant is exercisable payable in Shares or other securities
      or
      rights convertible into Shares (“Share
      Equivalents”)
      without payment of any consideration by such holder for the additional Shares
      or
      the Share Equivalents (including the additional Shares issuable upon exercise
      or
      conversion thereof), then the number of Shares for which this Warrant may be
      exercised shall be increased as of the record date (or the if no record date
      is
      set) for determining which holders of Shares shall be entitled to receive such
      distribution, in proportion to the increase in the number of outstanding Shares
      (and Shares issuable upon conversion of all such securities convertible into
      Shares) of Shares as a result of such distribution, and the Exercise Price
      shall
      be adjusted so that the aggregate amount payable for the purchase of all the
      Shares issuable hereunder immediately after the record date (or on the date
      of
      such distribution, if applicable), for such distribution shall equal the
      aggregate amount so payable immediately before such record date (or on the
      date
      of such distribution, if applicable). 

     

    8.3 Other
      Distributions.
      If at
      any time after the date hereof the Company distributes to holders of the class
      of Shares into which this Warrant is exercised, other than as part of its
      dissolution or liquidation or the winding up of its affairs, any Shares, any
      evidence of indebtedness or any of its assets (other than cash, Shares or
      securities convertible into Shares), then the Company may, at its option, either
      (i) decrease the per Share Exercise Price of this Warrant by an appropriate
      amount based upon the value distributed on each Share as determined in good
      faith by the Company’s Board of Directors or (ii) provide by resolution of the
      Company’s Board of Directors that on exercise of this Warrant, the Holder hereof
      shall thereafter be entitled to receive, in addition to the Shares otherwise
      receivable on exercise hereof, the number of Shares or other securities or
      property which would have been received had this Warrant at the time been
      exercised without the payment by the Holder of any additional
      consideration. 

     

    8.4 Reclassification,
      Etc.
      If at
      any time after the date hereof there shall be a change or reclassification
      of
      the securities as to which purchase rights under this Warrant exist into the
      same or a different number or type of securities of any other class or classes,
      then the Holder shall thereafter be entitled to receive upon exercise of this
      Warrant, during the period specified herein and upon payment of the Exercise
      Price then in effect, the number of Shares or other securities or property
      resulting from such change or reclassification, which would have been received
      by Holder for the Shares subject to this Warrant had this Warrant at such time
      been exercised. 

    
      
         

      

      
        B-3

        
          

        

      

      
         

      

    

    8.5 Effect
      of Reorganization and Asset Sales.
      If any
      (i) reorganization of the securities as to which purchase rights under this
      Warrant exist, (ii) consolidation or merger of the Company with or into
      another corporation, or (iii) sale or all or substantially all of the
      Company’s operating assets to another corporation followed by a liquidation of
      the Company (any such transaction shall be referred to herein as an
“Event”),
      is
      effected in such a way that holders of Shares are entitled to receive securities
      and/or assets as a result of their ownership of the Shares, the Holder, upon
      exercise of this Warrant, shall be entitled to receive such shares of stock
      securities or assets which the Holder would have received had it fully exercised
      this Warrant on or prior the record date for such Event. The Company shall
      not
      merge into or consolidate with another corporation or sell all of its assets
      to
      another corporation for a consideration consisting primarily of securities
      of
      such corporation, unless the successor or acquiring corporation, as the case
      may
      be, shall expressly assume the due and punctual observance and performance
      of
      each and every covenant and condition of this Warrant to be performed or
      observed by the Company and all of the obligations and liabilities hereunder
      unless waived in writing by the Holder.

     

    9. Notice
      of Adjustments.
      Whenever the Exercise Price or number of Shares purchasable hereunder shall
      be
      adjusted pursuant to Section 8 hereof, the Company shall execute and
      deliver to the Holder a certificate setting forth, in reasonable detail, the
      event requiring the adjustment, the amount of the adjustment, the method by
      which such adjustment was calculated and the Exercise Price and number of Shares
      purchasable hereunder after giving effect to such adjustment, and shall cause
      a
      copy of such certificate to be mailed (by first class mail, postage prepaid)
      to
      the Holder.

     

    10. Rights
      as Shareholder.
      Prior
      to exercise of this Warrant, the Holder shall not be entitled to any rights
      as a
      Shareholder of the Company with respect to the Shares, including (without
      limitation) the right to vote such Shares, receive distributions thereon, or
      be
      notified of Shareholder meetings, and the Holder shall not be entitled to any
      notice or other communication concerning the business or affairs of the
      Company. 

     

    11. Restricted
      Securities.
      The
      Holder understands that this Warrant and the Shares purchasable hereunder
      constitute “restricted
      securities”
under
      the federal securities laws inasmuch as they are, or will be, acquired from
      the
      Company in transactions not involving a public offering and accordingly may
      not,
      under such laws and applicable regulations, be resold or transferred without
      registration under the Securities Act of 1933, as amended (the “1933
      Act”),
      or an
      applicable exemption from such registration. In this connection, the Holder
      acknowledges that the securities legend on Exhibit
      A
      to the
      Notice of Exercise attached hereto shall be placed on any Shares issued to
      the
      Holder upon exercise of this Warrant. 

     

    12. Certification
      of Investment Purpose.
      Unless
      a current registration statement under the 1933 Act shall be in effect with
      respect to the securities to be issued upon exercise of this Warrant, the Holder
      covenants and agrees that, at the time of exercise hereof, it will deliver
      to
      the Company a written certification executed by the Holder that the securities
      acquired by such Holder upon exercise hereof are for the account of such Holder
      and acquired for investment purposes only and that such securities are not
      acquired with a view to, or for sale in connection with, any distribution
      thereof. 

    
      
         

      

      
        B-4

        
          

        

      

      
         

      

    

    13. Transferability.
      This
      Warrant shall be transferable on the books of the Company maintained at its
      principal office wherever then located, upon delivery thereof duly endorsed
      by
      the Holder or its assign(s), or their duly authorized attorney or
      representative, accompanied by proper evidence of succession, assignment or
      authority to transfer. Upon any registration of transfer, the Company shall
      execute and deliver new Warrants to the person entitled thereto. This Warrant
      may be transferred, divided or combined, upon request to the Company by the
      Holder, into a certificate or certificates representing the right to purchase
      the same aggregate number of Shares.

     

    14. No
      Impairment.
      The
      Company shall not, by amendment of its certificate of incorporation or through
      a
      reorganization, transfer of assets, consolidation, merger, dissolution, issue,
      or sale of securities or any other voluntary action, avoid or seek to avoid
      the
      observance or performance of any of the terms to be observed or performed under
      this Warrant by the Company, but shall at all times in good faith assist in
      carrying out all of the provisions of this Warrant and in taking all such action
      as may be reasonable necessary or appropriate to protect the Holder’s rights
      hereunder against impairment. If the Company takes any action affecting its
      Shares other than as described in this Warrant that adversely affect the
      Holder’s rights under this Warrant, the Exercise Price shall be adjusted
      downward and the number of Shares issuable upon exercise of this Warrant shall
      be adjusted upward in such a manner that the aggregate Exercise Price of this
      Warrant is unchanged. 

     

    15. Miscellaneous.

     

    15.1 Construction.
      Unless
      the context indicates otherwise, the term “Holder”
shall
      include any transferee or transferees of this Warrant pursuant to Section 13
      and
      the term “Warrant”
shall
      include any and all warrants outstanding pursuant to this Agreement, including
      those evidenced by a certificate or certificates issued upon division, exchange,
      substitution or transfer pursuant to Section 13. 

     

    15.2 Restrictions.
      By
      receipt of this Warrant, the Holder makes the same representations with respect
      to the acquisition of this Warrant as the Holder is required to make upon the
      exercise of this Warrant and acquisition of the Shares purchasable hereunder
      as
      set forth in the Form of Investment Letter attached as Exhibit
      A
      to the
      Notice of Exercise, the form of which are attached hereto as Exhibit
      A.

     

    15.3 Notices.
      Unless
      otherwise provided, any notice required or permitted under this Warrant shall
      be
      given in writing and shall be deemed effectively given upon personal delivery
      to
      the party to be notified or three (3) days following deposit with the United
      States Post Office, by registered or certified mail, postage prepaid and
      addressed to the party to be notified (or one (1) day following timely deposit
      with a reputable overnight courier with next day delivery instructions), or
      upon
      confirmation of receipt by the sender of any notice by facsimile transmission,
      at the address indicated below or at such other address as such party may
      designate by ten (10) days’ advance written notice to the other
      parties.

    

      
        	
                To
                  Holder:

              	
                John
                  W. Bartman and Thomas F. Bartman

              
	 	
                11777
                  San Vicente Blvd Suite 600

              
	 	
                Los
                  Angeles, California 90049

              
	 	
                Facsimile:
                  310 826-8477

              

      

    

     

    
      
         

      

      
        B-5

        
          

        

      

      
         

      

    

     

    
      	
              With
                copies to:

            	
              Samuel
                W. Halper, Esq.

            
	 	
              10866
                Wilshire Blvd., Suite 400

            
	 	
              Los
                Angeles, CA 90024

            
	 	
              Facsimile:
                424-901-8399

            
	 	 
	 	
              and

            
	 	 
	 	
              Allen
                & Associates LLC

            
	 	
              12400
                Wilshire Blvd Suite 1080

            
	 	
              Los
                Angeles, California 90025

            
	 	
              Facsimile:
                310 371-7272

            
	 	 
	
              To
                the Company:

            	
              AIRBEE
                WIRELESS, Inc.

            
	 	
              9400
                Key West Avenue

            
	 	
              Rockville,
                MD 20850

            
	 	
              Attention:
                E. Eugene Sharer, President

            
	 	
              Facsimile:
                (301) 517-1861

            
	 	 
	
              With
                copies to:

            	
              Stradling
                Yocca Carlson & Rauth

            
	 	
              660
                Newport Center Drive

            
	 	
              Newport
                Beach, California 92660

            
	 	
              Attention:
                Shivbir S. Grewal, Esq.

            
	 	
              Facsimile:
                (949) 725-4100

            
	 	 
	 	
              and

            
	 	 
	 	
              Allen
                & Associates LLC

            
	 	
              12400
                Wilshire Blvd Suite 1080

            
	 	
              Los
                Angeles, California 90025

            
	 	
              Facsimile:
                310 371-7272

               

            

    

     

    15.4 Governing
      Law. Any
      dispute in the meaning, effect or validity of this Warrant shall be resolved
      in
      accordance with the laws of the State of New York without regard to the conflict
      of laws provisions thereof.

     

    15.5 Attorneys’
      Fees.
      In the
      event that any suit or action is instituted under or in relation to this
      Warrant, including without limitation to enforce any provision in this Warrant,
      the prevailing party in such dispute shall be entitled to recover from the
      losing party all fees, costs and expenses of enforcing any right of such
      prevailing party under or with respect to this Warrant, including without
      limitation, such reasonable fees and expenses of attorneys and accountants,
      which shall include, without limitation, all fees, costs and expenses of
      appeals.

     

    15.6 Entire
      Agreement.
      This
      Warrant, the exhibits and schedules hereto, and the Convertible Debenture and
      Warrant Purchase Agreement to which it is attached, constitute the entire
      agreement and understanding of the parties hereto with respect to the subject
      matter hereof, and supersede all prior and contemporaneous agreements and
      understandings, whether oral or written, between the parties hereto with respect
      to the subject matter set froth below.

    
      
         

      

      
        B-6

        
          

        

      

      
         

      

    

    15.7 Binding
      Effect.
      This
      Warrant and the various rights and obligations arising hereunder shall inure
      to
      the benefit of and be binding upon the Company and its successors and assigns,
      and Holder and its successors and assigns.

     

    15.8 Waiver;
      Consent.
      This
      Warrant may not be changed, amended, terminated, augmented, rescinded or
      discharged (other than by performance), in whole or in part, except by a writing
      executed by the parties hereto, and no waiver of any of the provisions or
      conditions of this Warrant or any of the rights of a party hereto shall be
      effective or binding unless such waiver shall be in writing and signed by the
      party claimed to have given or consented thereto.

     

    15.9 Severability.
      If one
      or more provisions of this Warrant are held to be unenforceable under applicable
      law, such provision shall be excluded from this Warrant and the balance of
      the
      Warrant shall be interpreted as if such provision were so excluded and the
      balance shall be enforceable in accordance with its terms.

     

    15.10 Assignment.
      Holder
      shall have the right, without the prior written consent of the Company, to
      (i)
      sell, assign, mortgage, pledge or otherwise transfer any interest or right
      created hereby, or (ii) delegate its duties or obligations under this Agreement.
      This Agreement is made solely for the benefit of the parties hereto, and no
      other person, partnership, association or corporation shall acquire or have
      any
      right under or by virtue of this Agreement.

     

    [Remainder
      of the page is intentionally left blank. Signature page
      follows]

    
      
         

      

      
        B-7

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Warrant effective as
      of
      the date set forth below.

     

    
      	
              DATED:
                _________________, 2008

            	
              “Company”

            
	 	
              AIRBEE
                WIRELESS, INC.

            
	 	 	 
	 	
              By:
                

            	 

	 	
              Name:
                

            	
              E.
                Eugene Sharer

            
	 	
              Title:
                

            	
              President

            
	 	 
	 	
              “Holder”

            
	 	
              [_______________________]

            
	 	
              By:
                

            	 
	 	
              Name:
                

            	 
	 	
              Title:
                

            	 

    

    
      
         

      

      
        B-8

        
          

        

      

      
         

      

    

    EXHIBIT
      A

     

    NOTICE
      OF EXERCISE

     

    To: AIRBEE
      WIRELESS, INC.

     

    The
      undersigned hereby elects to purchase _____________ Shares (the “Shares”)
      of
      AIRBEE WIRELESS, INC., a Delaware corporation (the “Company”)
      pursuant to the terms of the attached Warrant, and tenders herewith payment
      of
      the purchase price pursuant to the terms of the Warrant.

     

    Attached
      as Exhibit
      A
      is an
      investment representation letter addressed to the Company and executed by the
      undersigned as required by Section 12 of the Warrant.

     

    Please
      issue certificates representing the Shares purchased hereunder in the names
      and
      in the denominations indicated on Exhibit
      A
      attached
      hereto.

     

    Please
      issue a new Warrant for the unexercised portion of the attached Warrant, if
      any,
      in the name of the undersigned.

     

    
      	
              Dated:
                

            	 
	 	
              Name:
                

            	 
	 	
              Title:
                

            	 

    

    
      
         

      

      
        B-9

        
          

        

      

      
         

      

    

    Exhibit
      A

     

    To: AIRBEE
      WIRELESS, INC.

     

    In
      connection with the purchase by the undersigned of _________ Shares of (the
      “Shares”)
      of
      AIRBEE WIRELESS, INC., a Delaware corporation (the “Company”),
      upon
      exercise of that certain Warrant dated as of January 30, 2008, the undersigned
      hereby represents and warrants as follows:

     

    The
      Shares to be received by the undersigned upon exercise of the Warrant are being
      acquired for its own account, not as a nominee or agent, and not with a view
      to
      resale or distribution of any part thereof, and the undersigned has no present
      intention of selling, granting any participation in, or otherwise distributing
      the same. The undersigned believes it has received all the information it
      considers necessary or appropriate for deciding whether to purchase the
      Shares.

     

    The
      undersigned understands that the Shares are characterized as “restricted
      securities” under the federal securities laws inasmuch as they are being
      acquired from the Company in transactions not involving a public offering and
      that under such laws and applicable regulations such securities may be resold
      without registration under the Securities Act of 1933, as amended (the
“Act”),
      only
      in certain limited circumstances. In this connection, the undersigned represents
      that it is familiar with Rule 144 of the Act, as presently in effect, and
      understands the resale limitations imposed thereby and by the Act.

     

    The
      undersigned understands the instruments evidencing the Shares may bear the
      following legend:

     

    THE
      OFFER
      AND SALE OF THE SECURITIES EVIDENCED BY THIS WARRANT CERTIFICATE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, (THE “ACT”)
      OR
      QUALIFIED UNDER STATE SECURITIES LAWS AND SUCH SECURITIES MAY NOT BE SOLD,
      TRANSFERRED, ASSIGNED OR HYPOTHECATED EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE ACT, OR, THAT SUCH SALE, TRANSFER, ASSIGNMENT
      OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY
      REQUIREMENTS OF THE ACT AND THE QUALIFICATION REQUIREMENTS OF THE RELEVANT
      STATE.

     

    
      	
              Dated:
                

            	 

	 	
              Name:
                

            	 
	 	
              Title:
                

            	 

    

    
      
         

      

      
        B-10

        
          

        

      

      
         

      

    

    EXHIBIT
      C

     

    WIRE
      INSTRUCTIONS

    

    Not
      Supplied

    
      
         

      

      
        C-1

        
          

        

      

      
         

      

    

    EXHIBIT
      D

     

    SECURITY
      AGREEMENT

     

    See
      attached.

     

    
      
         

      

      
        D-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]