Document:

EXHIBIT 10.1

                            LEGAL RETENTION AGREEMENT
                            -------------------------

This Legal Retention  Agreement (the  "Agreement") is entered as of the 27th day
of May 2004, between Zkid Network Company, a Nevada corporation (the "Company"),
Lawrence S. Hartman, Esq. (hereinafter referred to as the "Attorney").

                                   WITNESSETH
                                   ----------

         WHEREAS, the Company desires to retain the services of Attorney; and

         WHEREAS,  in order to retain the  services  of  Attorneys,  the Company
wishes to grant to  Attorney  Shares in the  Company,  $.01 par  values,  of the
Company;

         ACCORDINGLY,  in  consideration  of the foregoing,  the mutual promises
hereinafter set forth,  and other good and valuable  consideration,  the receipt
and sufficiency of which are hereby acknowledged,  the Company and the Attorney,
intending to be legally bound, hereby agree as follows:

1.       Services.  Attorney  will  provide the Company  with legal and advisory
         services,  including  guiding the company in structuring  its corporate
         structure in  connection  with  ongoing  corporate  transactions  for a
         period of one year.

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2.       Grant of Shares: The Company hereby grants to Attorney 3,000,000 shares
         of the Company  registered  pursuant  to a Form S-8, as a retainer  for
         services to be rendered by Attorney.  The Company  shall  promptly take
         action to register  such shares on Form S-8 and deliver  such shares to
         Attorney.

3.       Condition  Precedent.  As a  condition  to  earning  the  Shares of the
         Company pursuant to paragraph 1 above, Attorney must use or continue to
         use his best  lawful  effort  for the  benefit of the  Company  and its
         Subsidiaries.  The Company  acknowledges that Attorney's role is a part
         time position,  involving  advice and consultation to the Company as an
         Attorney.

4.       Parties Bound.  This Agreement  shall be binding upon and insure to the
         benefit of the  parties  hereto  and their  respective  successors  and
         assigns,  and all  references  herein  to  either  the  Company  or the
         Attorney  shall de deemed  to  include  any  successor  or  successors,
         whether immediate or remote.

5.       Governing Law and Enforcement.  This Agreement shall be governed by and
         construed and enforced in accordance  with the laws of the United State
         of America  and the State of New York.  This  Agreement  was  executed,
         delivers  and is to be performed  in New York,  NY.  Should any clause,
         sentence or section of this Agreement be judicially or administratively
         determined  to be  invalid,  unenforceable  or void by the  laws of the
         State of New York or any agency or subdivision  thereof,  such decision
         shall not have the effect of invalidating or voiding any it her clause,
         sentence or section of this Agreement and the parties hereto agree that
         the  part  or  parts  of  this   Agreement   so  held  to  be  invalid,
         unenforceable  or void,  shall be deemed to have been deleted here from
         and all other clause,  sentences and sections shall have the same force
         and effect as if such invalid or unenforceable  part or parts had never
         been included herein.

<PAGE>

6.       Captions.  The headings or captions of this Agreement have been include
         for  ease  of  reference  only  and  are  not to be  considered  in the
         construction  or  interpretation  of this  Agreement  or any section or
         clause contained herein or therein.

7.       Amendments.  This Agreement may not be modified,  amended or terminated
         except by another agreement in writing executed by the parties hereto.

8.       Counterparts.  This Agreement may be signed in one or more counterparts
         with the same effect as if the parties  signed the same  document.  All
         counterparts  shall be  construed  together  and shall  constitute  one
         instrument.

IN WITNESS  WHEREOF,  this  Agreement  has been executed and delivered as of the
date and year first above written.

                                            AGREED AND ACCEPTED:

                                            ZKID NETWORK COMPANY

Signature:    /S/ Lawrence Hartman          Signature:  /S/ Jon Darmstadter
              ------------------------                 ----------------------
Date:         05/27/04                      Title:      President
              ------------------------                 ----------------------
                                            Date:       05/27/04
                                                       -----------------------SUBSEQUENT TRANSFER INSTRUMENT

         Pursuant to this Subsequent Transfer Instrument, dated June 14, 2004
(the "Instrument"), between Impac Secured Assets Corp. as Company (the
"Company"), and Deutsche Bank National Trust Company as trustee of the Impac
Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2004-2, as
purchaser (the "Trustee"), and pursuant to the Pooling and Servicing Agreement,
dated as of May 1, 2004 (the "Pooling and Servicing Agreement"), among the
Company as the company, Impac Funding Corporation, as Master Servicer, and the
Trustee as trustee, the Company and the Trustee agree to the sale by the Company
and the purchase by the Trustee in trust, on behalf of the Trust, of the
Subsequent Mortgage Loans listed on the Schedule of Mortgage Loans attached to
the Instrument as Exhibit 1 hereto (the "Subsequent Mortgage Loans").

                           Capitalized terms used but not otherwise defined
herein shall have the meanings set forth in the Pooling and Servicing Agreement.

                           Section 1. Conveyance of Subsequent Mortgage Loans.

                           (a) The Company does hereby sell, transfer, assign,
set over and convey to the Trustee in trust, on behalf of the Trust, without
recourse, all of its right, title and interest in and to the Subsequent Mortgage
Loans, and including all amounts due on the Subsequent Mortgage Loans after the
related Subsequent Cut-off Date, and all items with respect to the Subsequent
Mortgage Loans to be delivered pursuant to Section 2.06 of the Pooling and
Servicing Agreement; provided, however that the Company reserves and retains all
right, title and interest in and to amounts due on the Subsequent Mortgage Loans
on or prior to the related Subsequent Cut-off Date. The Company,
contemporaneously with the delivery of this Agreement, has delivered or caused
to be delivered to the Trustee each item set forth in Section 2.01 of the
Pooling and Servicing Agreement. The transfer to the Trustee by the Company of
the Subsequent Mortgage Loans identified on the Mortgage Loan Schedule shall be
absolute and is intended by the Company, the Master Servicer, the Trustee and
the Certificateholders to constitute and to be treated as a sale by the Company
to the Trust Fund.

                           (b) The Company, concurrently with the execution and
delivery hereof, does hereby transfer, assign, set over and otherwise convey to
the Trustee without recourse for the benefit of the Certificateholders all the
right, title and interest of the Company, in, to and under the Subsequent
Mortgage Loan Purchase Agreement, dated June 1, 2004, among Impac Funding
Corporation, as seller, the Company, as purchaser, and Impac Mortgage Holdings,
Inc. (the "Purchase Agreement").

                           (c) Additional terms of the sale are set forth on
Attachment A hereto.

<PAGE>

                           Section 2. Representations and Warranties;
                                      Conditions.

                           (a) The Company hereby confirms that each of the
conditions and the representations and warranties set forth in Section 2.06 of
the Pooling and Servicing Agreement are satisfied as of the date hereof.

                           (b) All terms and conditions of the Pooling and
Servicing Agreement are hereby ratified and confirmed; provided, however, that
in the event of any conflict, the provisions of this Instrument shall control
over the conflicting provisions of the Pooling and Servicing Agreement.

                           Section 3. Recordation of Instrument.

                           To the extent permitted by applicable law, this
Instrument, or a memorandum thereof if permitted under applicable law, is
subject to recordation in all appropriate public offices for real property
records in all of the counties or other comparable jurisdictions in which any or
all of the properties subject to the Mortgages are situated, and in any other
appropriate public recording office or elsewhere, such recordation to be
effected by the Master Servicer at the Certificateholders' expense on direction
of the related Certificateholders, but only when accompanied by an Opinion of
Counsel to the effect that such recordation materially and beneficially affects
the interests of the Certificateholders or is necessary for the administration
or servicing of the Subsequent Mortgage Loans.

                           Section 4. Governing Law.

                           This Instrument shall be construed in accordance with
the laws of the State of New York and the obligations, rights and remedies of
the parties hereunder shall be determined in accordance with such laws, without
giving effect to principles of conflicts of law.

                           Section 5. Counterparts.

                           This Instrument may be executed in one or more
counterparts and by the different parties hereto on separate counterparts, each
of which, when so executed, shall be deemed to be an original; such
counterparts, together, shall constitute one and the same instrument.

                           Section 6. Successors and Assigns.

                           This Instrument shall inure to the benefit of and be
binding upon the Company and the Trustee and their respective successors and
assigns.

<PAGE>

IMPAC SECURED ASSETS CORP.

By: /s/ William Ashmore
    -----------------------
Name:   William Ashmore
Title:  President

DEUTSCHE BANK NATIONAL TRUST
COMPANY, as Trustee.

By: /s/ Alan Sueda
    -----------------------
Name:   Alan Sueda
Title:  Associate

By: /s/ Jeremy Conyers
    -----------------------
Name:   Jeremy Conyers
Title:  Associate

<PAGE>

                                   EXHIBIT 1

                             MORTGAGE LOAN SCHEDULE

                            (Provided Upon Request)

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