Document:

Exhibit
10.1

AGREEMENT AND PLAN OF
MERGER

This
AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into
as of September 4, 2007, by and among CaminoSoft Corp., a California
corporation (“Parent”), CC Merger Corp., a Nevada corporation and a
wholly owned subsidiary of Parent (“Merger Sub”), and Shea Development
Corp., a Nevada corporation (the “Company”).  Parent, Merger Sub and the Company are
collectively referred to herein as the “Parties,” and each is a “Party”.  Capitalized terms used and not otherwise
defined herein have the meanings set forth in Article 1.

RECITALS

WHEREAS, the respective Boards of Directors of Parent,
Merger Sub and the Company have deemed it advisable and in the best interests
of their respective corporations and shareholders that Parent, Merger Sub and
the Company enter into a business combination transaction;

WHEREAS, in furtherance thereof, the respective Boards
of Directors of Parent, Merger Sub and the Company each have approved and
declared advisable this Agreement and the merger of Merger Sub with and into
the Company (the “Merger”), upon the terms and subject to the conditions
set forth in this Agreement and in accordance with the provisions of the Nevada
Revised Statutes (the “NRS”);

WHEREAS, the respective Boards of Directors of Parent
and the Company have determined to recommend to their respective shareholders
the approval and adoption of this Agreement and the Merger; and

WHEREAS, in connection with the Merger, the parties
desire to make certain representations, warranties, covenants and agreements
and also to prescribe various conditions to the Merger, upon the terms and
subject to the conditions contained herein.

NOW, THEREFORE, in consideration of the covenants,
promises, representations and warranties set forth herein, and for other good
and valuable consideration, intending to be legally bound hereby the parties
agree as follows:

ARTICLE 1

DEFINITIONS

1.1           Certain
Definitions.  The following terms
shall, when used in this Agreement, have the following meanings:

“Affiliate”
means, with respect to any Person: (i) any Person directly or indirectly
owning, controlling or holding with power to vote ten percent (10%) or more of
the outstanding voting securities of such other Person (other than passive or
institutional investors); (ii) any Person ten percent (10%) or more of whose
outstanding voting securities are directly or indirectly owned, controlled or
held with power to vote, by such other Person; (iii) any Person directly or
indirectly controlling, controlled by or under common control with such other
Person; and (iv) any officer, director or partner of such other Person. “Control”
for the foregoing

purposes shall mean the
possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through the
ownership of voting securities or voting interests, by contract or otherwise;

“Agreement”
shall have the meaning set forth in the Recitals of this Agreement;

“Business
Day” means any day other than Saturday, Sunday or a day on which banking
institutions in Los Angeles, California, are required or authorized to be
closed;

“Alternative
Acquisition” shall have the meaning set forth in Section 5.12 of this
Agreement;

“Capital
Increase” shall have the meaning set forth in Section 5.4 of this
Agreement;

“Certificates”
shall have the meaning set forth in Section 2.9 of this Agreement;

“Change
of Control,” with respect to any Person, means (i) a liquidation or
dissolution of such Person; (ii) a merger or consolidation of such Person with
or into another corporation or entity in which such Person is not the surviving
corporation or other business entity (other than a merger with a wholly owned
subsidiary); (iii) a merger or consolidation of such Person (or a triangular
merger involving a subsidiary of the Company) where such Person is the
surviving corporation but with respect to which the shareholders of such Person
immediately prior to the merger or consolidation hold less than 50% of the
outstanding Common Stock of such Person immediately following the merger or
consolidation; or (iv) an underwritten initial public offering by such Person
of its common stock;

“Closing”
shall have the meaning set forth in Section 2.2 of this Agreement;

“Closing
Date” shall have the meaning set forth in Section 2.2 of this Agreement;

“Collateral
Documents” means the Confidential Disclosure Schedules to this Agreement;

“Company”
shall have the meaning set forth in the preamble of this Agreement;

“Company
Common Stock” shall have the meaning ascribed to it in Section 2.7 of this
Agreement;

“Company
Option Plan” shall have the meaning ascribed to it in Section 2.7 of this
Agreement;

“Company
Preferred Stock” shall mean, collectively, the Company Series A Preferred
Stock and Company Series B Preferred Stock;

“Company
Series A Preferred Stock” shall mean the 3,800,000 shares of the Company’s
Series A Preferred Stock issued and outstanding;

“Company
Series B Preferred Stock” shall mean the 4,600,000 shares of the Company’s
Series B Preferred Stock issued and outstanding;

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“Company Financial Statement Date” shall have
the meaning set forth in Section 3.8 of this Agreement;

“Continuing
Employees” shall have the meaning set forth in Section 5.2 of this
Agreement;

“Contracts”
shall have the meaning set forth in Section 3.16 of this Agreement;

“Dissenting
Shares” shall have the meaning set forth in Section 2.15 of this Agreement;

“Effective
Time” shall have the meaning set forth in Section 2.3 of this Agreement;

“Effective
Date” shall have the meaning set forth in Section 2.3 of this Agreement;

“Eligible
Warrant” shall have the meaning set forth in Section 2.7(b) of this
Agreement;

“Eligible
Warrant Agreements” shall have the meaning set forth in Section 2.9 of this
Agreement;

“Encumbrance”
means any material mortgage, pledge, lien, encumbrance, charge, security
interest, security agreement, conditional sale or other title retention
agreement, limitation, option, assessment, restrictive agreement, restriction,
adverse interest, restriction on transfer or exception to or material defect in
title or other ownership interest (including but not limited to restrictive
covenants, leases and licenses);

“Equity
Equivalents” shall have the meaning set forth in Section 3.3(b) of this
Agreement;

“ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as amended;

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

“Exchange
Ratio” shall have the meaning set forth in Section 2.7(c) of this
Agreement;

“GAAP”
means U.S. generally accepted accounting principles consistently applied, as in
effect from time to time;

“Indemnified
Party” shall have the meaning set forth in Section 7.3 of this Agreement;

“Indemnifying
Party” shall have the meaning set forth in Section 7.3 of this Agreement;

“Intellectual
Property” means all trademarks and trademark rights, trade names and trade
name rights, service marks and service mark rights, service names and service
name rights, patents and patent rights, utility models and utility model
rights, copyrights, mask work rights, brand names, trade dress, product
designs, product packaging, business and product names, logos, slogans, rights
of publicity, trade secrets, inventions (whether patentable or not), invention
disclosures, improvements, processes, formulae, industrial models, processes,
designs, specifications, technology, methodologies, computer software
(including all source code and

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object code), firmware, development tools, flow
charts, annotations, all Web addresses, sites and domain names, all data bases
and data collections and all rights therein, any other confidential and
proprietary right or information, whether or not subject to statutory
registration, and all related technical information, the information set forth
in manufacturing, engineering and technical drawings, know-how and all pending
applications for and registrations of patents, utility models, trademarks,
service marks and copyrights, and the right to sue for past infringement, if
any, in connection with any of the foregoing;

“Joint
Proxy-Registration Statement” shall have the meaning set forth in Section
5.4 of this Agreement;

“Key
Employees” shall have the meaning set forth in Section 5.1 of this
Agreement;

“Key
Employee Agreements” shall have the meaning set forth in Section 5.1 of
this Agreement;

“Legal
Requirements” means any statute, ordinance, law, rule, regulation, code,
injunction, judgment, order, decree, ruling, or other requirement enacted,
adopted or applied by any Regulatory Authority, including judicial decisions
applying common law or interpreting any other Legal Requirement;

“Losses”
shall mean all damages, awards, judgments, assessments, fines, sanctions,
penalties, charges, costs, expenses, payments, diminutions in value and other
losses, however suffered or characterized, all interest thereon, all costs and
expenses of investigating any claim, lawsuit or arbitration and any appeal
there from, all actual attorneys’, accountants’ investment bankers’ and expert
witness’ fees incurred in connection therewith, whether or not such claim,
lawsuit or arbitration is ultimately defeated and, subject to Section 7.4, all
amounts paid incident to any compromise or settlement of any such claim,
lawsuit or arbitration;

“Material
Adverse Effect” means a material adverse effect on (i) the assets,
liabilities, properties or business of the Parties, (ii) the validity, binding
effect or enforceability of this Agreement or the Collateral Documents or (iii)
the ability of any Party to perform its obligations under this Agreement and
the Collateral Documents; provided, however, that none of the
following shall constitute a Material Adverse Effect on the Company: (i) the
filing, initiation and subsequent prosecution, by or on behalf of shareholders
of any Party, of litigation that challenges or otherwise seeks damages with
respect to the Merger, this Agreement and/or transactions contemplated thereby
or hereby, (ii) occurrences due to a disruption of a Party’s business as a
result of the announcement of the execution of this Agreement or changes caused
by the taking of action required by this Agreement, (iii) general economic
conditions, or (iv) any changes generally affecting the industries in which a
Party operates;

“Merger”
shall have the meaning set forth in the Recitals of this Agreement;

“Merger
Consideration” shall have the meaning set forth in Section 2.7 (b) of this
Agreement;

“Merger
Options” shall have the meaning set forth in Section 2.7 (b) of this
Agreement;

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“Merger
Sub” shall have the meaning set forth in the preamble to this Agreement;

“New
Parent Warrants” shall have the meaning set forth in Section 2.8 of this
Agreement;

“NRS”
shall have the meaning set forth in the preamble of this Agreement;

“Order”
means any writ, judgment, decree, ruling, injunction or similar order of any
Regulatory Authority (in each such case whether preliminary or final);

“Parent”
shall have the meaning set forth in the preamble to this Agreement;

“Parent
Common Stock” means the shares of common stock of Parent, no par value per
share;

“Parent Financial Statements” shall have the
meaning set forth in Section 4.8 of this Agreement;

“Parent Financial Statement Date” shall have the
meaning set forth in Section 4.8 of this Agreement;

“Parent
Preferred Stock” shall have the meaning set forth in Section 2.7(b) of this
Agreement;

“Parent
Series A Preferred Stock” shall have the meaning set forth in Section
2.7(b) of this Agreement;

“Parent
Series B Preferred Stock” shall have the meaning set forth in Section
2.7(b) of this Agreement;

“Parent
Warrants” shall have the meaning set forth in Section 2.7(e) of this
Agreement;

“Participating
Company Shares” means all issued and outstanding shares of Company Common
Stock and Company Preferred Stock immediately prior to the Effective Time plus
all shares of Company Common Stock deemed to be issued upon exercise of all
Company options granted under the Company Option Plan and Eligible Warrants;

“Party”
or “Parties” shall have the meaning set forth in the preamble to this
Agreement;

“Permit”
means any license, franchise, certificate, declaration, waiver, exemption,
variance, permit, consent, approval, registration, authorization, qualification
or similar right granted by a Regulatory Authority;

“Person”
means any natural person, individual, firm, corporation, including a non-profit
corporation, partnership, trust, unincorporated organization, association,
limited liability company, labor union, Regulatory Authority or other entity;

“Regulatory
Authority” means: any (i) federal, state, local, municipal or foreign
government; (ii) governmental or quasi-governmental authority of any nature
(including without

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limitation any governmental agency, branch,
department, official, instrumentality or entity and any court or other
tribunal; (iii) multi-national organization or body; or (iv) body exercising or
entitled to exercise any administrative, executive, judicial, legislative,
police, regulation or taxing authority or power of any nature;

“Representatives”
shall have the meaning set forth in Section 5.12 of this Agreement;

“Reverse
Split” shall have the meaning set forth in Section 2.5 of this Agreement;

“SEC”
means the United States Securities and Exchange Commission;

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

“SEC
Reports” with respect to each of Parent and the Company, means such Party’s
Annual Report on Form 10-KSB and all interim reports filed with the SEC under
the Exchange Act after the date of the Form 10-KSB filing.

“Securities
Filings” means the filings with the SEC of a Party.

“Subsidiary”
of a specified Person means (a) any Person if securities having ordinary voting
power (at the time in question and without regard to the happening of any
contingency) to elect a majority of the directors, trustees, managers or other
governing body of such Person are held or controlled by the specified Person or
a Subsidiary of the specified Person; (b) any Person in which the specified
Person and its subsidiaries collectively hold a fifty percent (50%) or greater
equity interest; (c) any partnership or similar organization in which the
specified Person or subsidiary of the specified Person is a general partner; or
(d) any Person the management of which is directly or indirectly controlled by
the specified Person and its Subsidiaries through the exercise of voting power,
by contract or otherwise;

“Surviving
Corporation” shall have the meaning set forth in Section 2.1 of this
Agreement;

“Taxes” means any U.S. or non U.S. federal,
state, provincial, local or foreign (i) income, corporation gross income, gross
receipts, license, payroll, employment, excise, severance, stamp, occupation,
premium, windfall profits, environmental, customs duties, capital, franchise,
profits, withholding, social security (or similar), unemployment, disability,
real property, personal property, intangible property, recording, occupancy,
sales, use, transfer, registration, value added minimum, ad valorem or excise
tax, estimated or other tax of any kind whatsoever, including any interest,
additions to tax, penalties, fees, deficiencies, assessments, additions or
other charges of any nature with respect thereto, whether disputed or not; and
(ii) any liability for the payment of any amount of the type described in (i)
above;

“Tax
Returns” means all federal, state, local, provincial and foreign tax returns,
declarations, reports, claims, schedules and forms for refund or credit or
information return or statement relating to Taxes, including any schedule or
attachment thereto, and including any amendment thereof;

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“Terminated
Employees” shall have the meaning set forth in Section 5.3 of this
Agreement; and

“Transmittal
Letter” shall have the meaning set forth in Section 2.9.

ARTICLE 2

THE MERGER

2.1           Merger.  Upon the terms and conditions set forth in
this Agreement, and in accordance with the provisions of the NRS, at the
Effective Time (as defined below), Merger Sub shall be merged with and into the
Company, the separate corporate existence of Merger Sub shall cease and the
Company will continue as the surviving corporation following the Merger, succeeding
to all of the property, rights, privileges, powers and franchises of Merger
Sub, and shall become a wholly-owned Subsidiary of Parent.  The Company, as the surviving corporation
after the Merger, is sometimes referred to herein as the “Surviving Corporation.”

2.2           Closing.  Subject to the terms and conditions of this
Agreement, the closing of the Merger (the “Closing”) will take place at
the offices of Troy & Gould located at 1801 Century Park East, 16th Floor, Los Angeles, California 90067, or at
such other place as Parent and the Company mutually agree, at 10:00 a.m. local
time on the later to occur of (a) November 15, 2007, or (b) the second Business
Day after the day on which the last of the closing conditions set forth in
Article 6 below has been satisfied or waived, or such other date as Parent and
the Company mutually agree upon in writing (the “Closing Date”).

2.3           Effective Time.  Upon the terms of and subject to the
conditions of this Agreement, as soon as practicable on the Closing Date: (a)
the parties hereto will cause the Merger to be consummated by filing with the
Secretary of State of the State of Nevada a certificate of merger and any
required related documents, in such form or forms as are required by, and
executed in accordance with, applicable law (the date and time of such filing
being the “Effective Time” and the date upon which the Effective Time
occurs, being the “Effective Date”); and (b) Parent will deliver the
Merger Consideration to the shareholders of the Company in accordance with
Section 2.7 hereof; and (c) Parent, Merger Sub and the Company will
cross-deliver the certificates and other documents and instruments to be
cross-delivered pursuant to Article 
6  below.

2.4           Effect of the Merger.  At the Effective Time, in accordance with the
NRS, the separate existence of Merger Sub will cease and the Surviving
Corporation shall succeed, without further action, to all the property, assets,
rights, privileges, powers and franchises of every kind of the nature and
description of Merger Sub and the Company. All debts, liabilities and duties of
Merger Sub and the Company will become the debts, liabilities and duties of the
Surviving Corporation. As of the Effective Time, the Surviving Corporation will
be a wholly owned subsidiary of the Parent.

2.5           Effect of Merger on Common Stock of the
Parent.  Subject to a reverse split
to be determined by the Parties after the date hereof (the “Reverse Split”)
to occur prior to Closing, each share of Common Stock of Parent issued and
outstanding immediately prior to the Effective Time, including, without
limitation, Parent Common Stock, shall remain issued and outstanding

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from and after the Effective Time.  Notwithstanding anything herein to the
contrary, the number of shares of Parent Common Stock to be held by the
shareholders of Parent immediately prior to the Closing shall equal 4.99% of
the fully diluted capital stock of the Parent as of the Closing after giving
effect to the shares of Parent Common Stock (i) to be issued to the
holders of Company Common Stock pursuant to Section 2.7(a);
(ii) issuable upon conversion of the Parent Preferred Stock to be issued
pursuant to Section 2.7(b); (iii) issuable upon exercise of the
Merger Options to be issued pursuant to Section 2.7(c) and the Parent
Warrants to be issued pursuant to Section 2.7(e); and (iv) without
duplication, the capital stock (including any shares of common stock issuable
upon conversion on exercise of any derivative securities) issuable or deemed to
be issued (if not in fact issued) in connection with an equity financing or
financings to be undertaken by Parent or the Company pursuant to which Parent
or the Company shall raise at least $6,000,000 in gross proceeds at a per share
price of not less than $0.50 per share (on a pre-Reverse Split basis).

2.6           Effect of Merger on Common Stock of
Merger Sub.  At the Effective Time,
each share of common stock, par value $.001 per share, of Merger Sub issued and
outstanding immediately prior to the Effective Time shall, by virtue of the
Merger and without any action on the part of the holders thereof, be converted
into and become one validly issued, fully paid and non-assessable share of
common stock, par value $.001 per share, of the Surviving Corporation.

2.7           Effect of Merger on Capital Stock of
Company.

(a)           Company Common Stock.  At the Effective Time, all issued and
outstanding shares of the Company’s common stock (the “Company Common Stock”)
shall, by virtue of the Merger and without any action on the part of the
holders thereof, be converted into the right to receive a such number of shares
of Parent Common Stock equal to 95.01% of Parent Common Stock outstanding
immediately prior to Closing (after giving effect to the Reverse Split) less
the shares of Parent Common Stock issuable upon Conversion of the Parent
Preferred Stock and the exercise of the Parent Warrants and the Merger Options.

(b)           Company Series A Preferred Stock and
Series B Preferred Stock.  At the
Effective Time, (i) all of the issued and outstanding shares of the Company’s
Series A Preferred Stock, par value $0.001 per share, (the “Company Series A
Preferred Stock”) shall by virtue of the Merger and without any action on
the part of the holders thereof, be converted into the right to receive a pro
rata share of 3,800,000 shares of Parent’s Series A Preferred Stock (the “Parent
Series A Preferred Stock”); and (ii) all of the issued and outstanding
shares of the Company’s Series B Preferred Stock, par value $0.001 per share,
(the “Company Series B Preferred Stock”) shall by virtue of the Merger
and without any action on the part of the holders thereof, be converted into
the right to receive a pro rata share of 4,600,000 shares of Parent’s Series B
Preferred Stock (the “Parent Series B Preferred Stock”, together with
Parent Series A Preferred Stock, the “Parent Preferred Stock”), as set
forth in Schedule 2.7 hereto, subject to the terms and conditions of this
Agreement.  The shares of Parent Common
Stock and Parent Preferred Stock issuable pursuant to Sections 2.7(a) and this
Section 2.7(b) are collectively referred to herein as the “Merger
Consideration.”  The terms of the
respective series of the Parent Preferred Stock shall have substantially the
same terms as the series of Company preferred stock that are being converted
except for the conversion rate which shall be based on the Exchange Ratio.

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(c)           Outstanding
Company Options.  At the Effective
Time, each outstanding option to purchase Company Common Stock granted under
the Company’s 2007 Stock Option and Performance Awards Plan (the “Company
Option Plan”), which has not previously expired or been exercised in full,
whether or not vested or exercisable on the Closing Date, shall be assumed by
Parent.  Pursuant to such assumption,
holders of such assumed options shall be entitled to receive in respect of each
share of Company Common Stock subject to such assumed options, after the
Effective Time, options (“Merger Options”) to purchase that number of
shares of Parent Common stock obtained by multiplying (x) the number of shares
of Company Common Stock issuable under such assumed option by (y) the Exchange
Ratio (defined below), at an exercise price equal to the exercise price of such
assumed option divided by the Exchange Ratio and otherwise on the same terms
and conditions as those contained in such assumed option.  For the avoidance of doubt, and
notwithstanding anything to the contrary contained herein, under no
circumstances shall any such assumed options accelerate with respect to the
vesting thereof by virtue of, in anticipation of or otherwise in connection
with the Merger or the transactions contemplated by this Agreement.  For purposes of this Agreement, “Exchange
Ratio” shall mean the ratio obtained by dividing (x) the number of shares
equal to the Merger Consideration by (y) the sum of the number shares of the
Company Common Stock and the Company Preferred Stock issued and outstanding
immediately prior to the Effective Time and the number of shares of Company
Common Stock issuable upon exercise of all such Merger Options and Parent Warrants.

(d)           Company
Option Plan. At the Effective Time, Parent shall assume the Company Option
Plan pursuant to which 9,500,000 shares of Company Common Stock are reserved
for issuance.

(e)           Outstanding
Company Warrants.  At the Effective
Time, each outstanding warrant to purchase Company Common Stock, which has not
previously expired or been exercised in full (each such warrant, an “Eligible
Warrant”), shall be assumed by Parent (thereafter, the “Parent Warrants”).

(f)            As
a result of the Merger and without any action on the part of the holders
thereof, at the Effective Time, all shares of Company Common Stock, all shares
of Company Series A Preferred Stock, and all shares of Company Series B
Preferred Stock shall be cancelled and retired and shall cease to be outstanding.  Each holder of shares of the Company Common
Stock, Company Series A Preferred Stock, and Company Series B Preferred Stock
shall thereafter cease to have any rights with respect to such shares, except
that the issued and outstanding shares of Company Common Stock, Company Series
A Preferred Stock and Company Series B Preferred Stock immediately prior to the
Effective Time, and the respective holders thereof, shall have the right to
receive the Merger Consideration in accordance with this Section 2.7 upon the
surrender of the certificate or certificates representing such shares.

(g)           Each
share of Company Common Stock held in the Company’s treasury at the Effective
Time, if any, shall, by virtue of the Merger and without any action on the part
of the Company, cease to be outstanding and shall be cancelled and retired
without payment of any Merger Consideration or any other consideration
therefor.

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2.8           Effect
of Merger on Existing Common Stock of Parent.  At the Effective Time, holders of Parent
Common Stock shall be entitled to receive in respect of each share of Parent
Common Stock, five-year warrants (the “New Parent Warrants”) to purchase
0.333 shares of Parent Common Stock following the consummation of the Merger
and other transactions contemplated herein at an exercise price of 110% per
share of the most recent private placement of the Company from the date hereof
and ending six months from the Closing Date, which such New Parent Warrants
shall expire five (5) years from the date of issuance.  At and after the Effective Time, Parent will
deliver to each holder of a Parent Common Stock a certificate, evidencing the
New Parent Warrants.  Pursuant to Article
5 hereof, such New Parent Warrants and the shares of Parent Common Stock
issuable pursuant to the exercise thereof shall be registered with the SEC
under the Joint Proxy-Registration Statement to be filed with the SEC following
the execution of this Agreement in respect of the Merger, this Agreement and
the transactions contemplated hereby.

2.9           Delivery
of Certificates and Eligible Warrant Agreements.  At and after the Effective Time, Parent will
make available, and each holder of an issued and outstanding share of Company
Common Stock and Company Preferred Stock, and each holder of an Eligible Warrant,
will be entitled to receive, (i) upon surrender to Parent or its
representatives of any certificates evidencing Company Common Stock and Company
Preferred Stock (the “Certificates”) for cancellation and a letter of
transmittal or assignment separate from certificate in customary form (which
will be in such form and have such other provisions as Parent will reasonably
specify) (the “Transmittal Letter”); or (ii) upon delivery to Parent or
its representatives of agreements evidencing the Eligible Warrants (the “Eligible
Warrant Agreements”) and/or other certificates or instruments evidencing
the Eligible Warrants, if any, the pro-rata share of the Merger Consideration,
Merger Options and Merger Warrants, as applicable, into which such Company
Common Stock or Eligible Warrant have been converted into pursuant to the
Merger, and upon such surrender of each Certificate and/or the agreements or
certificates representing the Eligible Warrants, and delivery by Parent of the
aggregate Merger Consideration in exchange therefor, the Participating Company
Shares will forthwith be cancelled. 
Until surrendered or delivered as contemplated by this Section 2.9, each
Certificate, Eligible Warrant Agreement or certificates representing the
Eligible Warrants, as applicable, will be deemed at any time after the
Effective Time for all purposes to evidence only the right to receive upon such
surrender the corresponding pro rata portion of the Merger Consideration and
Merger Warrants, as applicable.

2.10         Stock
Transfer Books.  From and after the
Effective Time, the stock transfer books of the Company will be closed, and
there will be no further registration or transfers of Company Common Stock and
Company Preferred Stock thereafter on the records of the Company.

2.11         No
Further Ownership Rights.  The Merger
Consideration and Merger Warrants delivered upon the surrender for exchange of
the Certificates, or the delivery of the agreements or certificates
representing Eligible Warrants, in accordance with the terms hereof will be deemed
to have been issued in full satisfaction of all rights pertaining to such
Participating Company Shares, and there will be no further registration of
transfers of such shares which were outstanding immediately prior to the
Effective Time on the records of the Surviving Corporation.  If, after the Effective Time, Certificates,
or agreements or certificates representing the Eligible

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Warrants, are
presented to the Surviving Corporation, they will be cancelled, assumed and/or
adjusted, as applicable, pursuant to Section 2.7 hereof.

2.12         Lost,
Stolen or Destroyed Certificates.  In
the event any Certificates are lost, stolen or destroyed, Parent will issue in
exchange for such lost, stolen or destroyed Certificates, upon the making of an
affidavit of that fact by the holder thereof and the other deliveries required
above, the applicable Merger Consideration; provided, however, that the
Surviving Corporation may, in its sole discretion and as a condition precedent
to the issuance thereof, require the owner of such lost, stolen or destroyed
Certificates to deliver an indemnity or bond in such sum as it may reasonably
direct as indemnity against any claim that may be made against it with respect
to the Certificates alleged to have been lost, stolen or destroyed.

2.13         Charter
Documents; Directors and Officers. 
Unless otherwise agreed by the Company and Parent prior to the Closing,
at and as of the Effective Time, without any further action on the part of
Parent, Merger Sub or the Company: (i) the Articles of Incorporation and the
Bylaws of the Company as in effect immediately prior to the Effective Time will
be the Articles of Incorporation and Bylaws of the Surviving Corporation at and
after the Effective Time until thereafter amended as provided by applicable law
and such Articles of Incorporation and Bylaws, as applicable; (ii) the
directors of the Company immediately prior to the Effective Time will be the
initial directors of the Surviving Corporation from and after the Effective
Time, until their successors are elected and qualified or until their
resignation or removal; (iii) the officers of the Company immediately prior to
the Effective Time shall serve in their respective offices of the Surviving
Corporation from and after the Effective Time, until their successors are
elected or appointed and qualified or until their resignation or removal.

2.14         Taking
of Necessary Action; Further Action. 
Each of Parent, Merger Sub and the Company will take all such reasonable
lawful action as may be necessary or appropriate in order to effect the Merger
in accordance with this Agreement as promptly as practicable.  If, at any time after the Effective Time, any
such further action is necessary or desirable to carry out the purposes of this
Agreement and to vest the Surviving Corporation with full right, title and
possession to all the property, rights, privileges, power and franchises of the
Company and Merger Sub, the officers and directors of the Company and Merger
Sub immediately prior to the Effective Time are fully authorized in the name of
their respective corporations or otherwise to take, and will take, all such
lawful and necessary action

2.15         Company
Dissenting Shares.  Shares of Company
Common Stock which are issued and outstanding immediately prior to the
Effective Time and which are held by persons who are entitled to and have
properly exercised, and not withdrawn or waived, appraisal rights with respect
thereto in accordance with the NRS (the “Dissenting Shares”), will not
be converted into the right to receive the Merger Consideration, and holders of
such shares of Company Common Stock will be entitled, in lieu thereof, to
receive payment of the appraised value of such shares of Company Common Stock
in accordance with the provisions of the NRS unless and until such holders fail
to perfect or effectively withdraw or lose their rights to appraisal and
payment under the NRS.  If, after the
Effective Time, any such holder fails to perfect or effectively withdraws or
loses such right, such shares of Company Common Stock will thereupon be treated
as if they had been converted at the Effective Time into the right to receive
the Merger Consideration, without any interest thereon. The Company will give
Parent prompt

 11
 

notice of any
demands received by the Company for appraisal of shares of Company Common
Stock.  Prior to the Effective Time, the
Company will not, except with the prior written consent of Parent make any
payment with respect to, or settle or offer to settle, any such demands.

2.16         Parent
Dissenting Shares.  Shares of Parent
Common Stock which are issued and outstanding immediately prior to the
Effective Time and which are held by persons who are entitled to and who have
properly exercised, and not withdrawn or waived, appraisal rights with respect
thereto in accordance with the California General Corporation Law (“CGCL”)
(the “Dissenting Shares”), will be entitled to receive payment of the
appraised value of such shares of Parent Common Stock in accordance with the
provisions of the CGCL unless and until such holders fail to perfect or
effectively withdraw or lose their rights to appraisal and payment under the
CGCL. The Parent will give Company prompt notice of any demands received by the
Parent for appraisal of shares of Parent Common Stock.  Prior to the Effective Time, the Parent will
not, except with the prior written consent of Company make any payment with
respect to, or settle or offer to settle, any such demands.

ARTICLE 3

REPRESENTATIONS AND WARRANTIES OF THE

COMPANY

The
Company hereby represents and warrants to Parent that (subject to such
exceptions as are disclosed in the corresponding Schedules with respect to
specific sections of this Article 3) the statements contained in this Article 3
are correct and complete as of the date of this Agreement and will be correct
and complete as of the Closing Date (as though made then and as though the
Closing Date were substituted for the date of this Agreement throughout this
Article 3, except in the case of representations and warranties stated to be
made as of the date of this Agreement or as of another date and except for
changes contemplated or permitted by this Agreement):

3.1           Organization, Standing and Qualification.  (a) The Company is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Nevada.  The Company has all requisite
corporate power and authority to own, lease and use its assets as they are
currently owned, leased and used and to conduct its business as it is currently
conducted.  The Company is duly qualified
or licensed to do business in and is in good standing in each jurisdiction in
which the character of the properties owned, leased or used by it or the nature
of the activities conducted by it make such qualification necessary, except any
such jurisdiction where the failure to be so qualified or licensed would not
have a Material Adverse Effect on the Company or a Material Adverse Effect on
the validity, binding effect or enforceability of this Agreement or the
Collateral Documents or the ability of the Company to perform its obligations
under this Agreement or any of the Collateral Documents. (b) The Company’s
wholly-owned subsidiaries Information Intellect, Inc., Riptide Software, Inc.
and Bravera, Inc. are corporations duly organized, validly existing and in good
standing under the laws of the State of Georgia, State of Florida and State of
Florida respectively.  Each has all
requisite corporate power and authority to own, lease and use its assets as
they are currently owned, leased and used and to conduct its business as it is
currently conducted. Each subsidiary is duly qualified or licensed to do
business in and is in good standing in each jurisdiction in which the character
of its properties owned, leased or used by it or the nature of the activities conducted
by it make such qualification

 12
 

necessary, except any such jurisdiction where
the failure to be so qualified or licensed would not have a Material Adverse
Effect on the Company and its subsidiaries as a whole.

3.2           Due
Authorization.  The Company
has full corporate power and authority to execute and deliver this Agreement,
to perform its obligations hereunder and to consummate the transactions
contemplated hereby.  The execution and
delivery by the Company of this Agreement and the consummation by the Company
of the transactions contemplated hereby, and the performance by the Company of
its obligations hereunder, have been duly and validly authorized by all
necessary action by the Board of Directors of the Company, and no other action
on the part of the Board of Directors of the Company is required to authorize
the execution, delivery and performance of this Agreement and the consummation
by the Company of the transactions contemplated hereby.  This Agreement has been duly and validly
executed and delivered by the Company and constitutes a legal, valid and
binding obligation of the Company enforceable against the Company in accordance
with its terms, except as the enforceability thereof may be limited by
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or
other similar Laws relating to the enforcement of creditors’ rights generally
and by general principles of equity.

3.3           Capitalization.

(a)           The authorized common stock and other
ownership interests of the Company consist of 800,000,000 shares of Common
Stock, par value $0.001 per share and 60,000,000 shares of Preferred Stock, par
value $0.001 per share, of which 10,000,000 shares have been designated as
Series A Preferred Stock and 20,000,000 shares have been designated as Series B
Preferred Stock. There are  63,446,676
shares of Common Stock, 3,800,000 shares of Series A  Preferred Stock and 4,600,000 shares of
Series B Preferred Stock issued and outstanding as of the date hereof.  All of the issued and outstanding shares of
the Company Common Stock, Company Series A Preferred Stock and Company Series B
Preferred Stock have been duly authorized and are validly issued and
outstanding, fully paid and nonassessable and have been issued in compliance
with applicable securities laws and other applicable Legal Requirements or
transfer restrictions under applicable securities laws.

(b)           Schedule
3.3(b) hereto lists all outstanding or authorized options, warrants,
purchase rights, preemptive rights or other contracts or commitments that could
require the Company to issue, sell, or otherwise cause to become outstanding
any of its common stock or other ownership interests (collectively “Equity
Equivalents”), including, without limitation, all Eligible Warrants.  Except as disclosed in Schedule 3.3(b)
hereto, there are no other Equity Equivalents, commitments or agreements of any
character (whether created by statute, the Articles of Incorporation or Bylaws
of the Company, or any agreement or otherwise) to which the Company is a party
or by which it is bound, obligating the Company to issue, deliver, sell,
repurchase or redeem, or cause to be issued, delivered, sold, repurchased or
redeemed, any shares of common stock of the Company or obligating the Company
to grant, extend, accelerate the vesting of, change the price or otherwise
amend or enter into any such option, warrant, call, right, commitment or
agreement.

3.4           No
Conflicts.  Except as set forth on Schedule
3.4 hereto, the execution, delivery and performance by the Company of this
Agreement and the Collateral Documents to which it is 

 13
 

a party, and
the consummation of the transactions contemplated hereby and thereby in
accordance with the terms and conditions hereof and thereof, do not and will
not conflict with, constitute a violation or breach of, constitute a default or
give rise to any right of termination or acceleration of any right or
obligation of the Company under, or result in the creation or imposition of any
Encumbrance upon the Company,  its
business, assets, properties or the Company Common Stock by reason of the terms
of (i) the Articles of Incorporation, Bylaws or other charter or organizational
document of the Company or any Subsidiary of the Company, (ii) any material
contract, agreement, lease, indenture or other instrument to which the Company
is a party or by or to which the Company, or its assets may be bound or subject
and a violation of which would result in a Material Adverse Effect on the
Company, (iii) any order, judgment, injunction, award or decree of any
arbitrator or Regulatory Authority or any statute, law, rule or regulation
applicable to the Company or (iv) any Permit of the Company, which in the case
of (ii), (iii) or (iv) above would have a Material Adverse Effect on the
Company or a material adverse effect on the validity, binding effect or
enforceability of this Agreement or the Collateral Documents or the ability of
the Company to perform its obligations under this Agreement or any of the
Collateral Documents.

3.5           Consents
and Approvals.  Except as set forth on
Schedule 3.5 hereto, no consent, approval, authorization or order of,
registration or filing with, or notice to, any Regulatory Authority or any
other Person is necessary to be obtained, made or given by the Company in
connection with the execution, delivery and performance by the Company of this
Agreement or any Collateral Document or for the consummation by the Company of
the transactions contemplated hereby or thereby, except to the extent the
failure to obtain any such consent, approval, authorization or order or to make
any such registration or filing would not have a Material Adverse Effect on the
Company or a material adverse effect on the validity, binding effect or
enforceability of this Agreement or the Collateral Documents or the ability of
the Company to perform its obligations under this Agreement or any of the
Collateral Documents.

3.6           Intellectual
Property.  Except as set forth on Schedule
3.6 hereto, the Company and each of the Company’s subsidiaries own, or is
licensed or otherwise possesses legally enforceable rights to use, all
Intellectual Property that is used or currently proposed to be used in the
business of the Company as currently conducted or as presently proposed by the
Company to be conducted in the immediate future.

3.7           Compliance with Legal Requirements.  The Company has operated its business in
compliance with all Legal Requirements applicable to the Company except to the
extent the failure to operate in compliance with all material Legal
Requirements would not have a Material Adverse Effect on the Company on the
validity, binding effect or enforceability of this Agreement or the Collateral
Documents.

3.8           Financial Statements.  The Company has provided Parent with copies of the unaudited Consolidated Balance Sheets
of the Company as of June 30, 2007 (the “Company Financial Statement Date”),
and the unaudited Consolidated Statements of Operations for the period then
ended and the audited Consolidated Balance Sheet of the Company as of December
31, 2006 and the audited Consolidated Statement of Operations for the period
then ended (collectively, the “Company Financial Statements”).  The Company Financial Statements have been
prepared in accordance with GAAP applied on a basis consistent throughout all
periods

 14
 

presented, present fairly in all material respects the financial
condition of the Company and its results of operations as of the date and for
the periods indicated therein. The accounting
and other financial records of the Company have been maintained in accordance
with good business practices.

3.9           Litigation.  Except as set forth on Schedule 3.9
hereto, there are no outstanding judgments or orders against or otherwise
affecting or related to the Company, its business, assets or properties, and
there is no action, arbitration, audit, hearing, suit, complaint, proceeding or
investigation, judicial, administrative or otherwise, that is pending or, to
the Company’s knowledge, threatened that, if adversely determined, would have a
Material Adverse Effect on the Company or a Material Adverse Effect on the
validity, binding effect or enforceability of this Agreement or the Collateral
Documents.

3.10         Taxes.  Except as set forth on Schedule 3.10
hereto, the Company has duly and timely filed in proper form all Tax Returns
for all Taxes required to be filed with the appropriate Regulatory Authority,
and has paid all taxes required to be paid in respect thereof except where such
failure would not have a Material Adverse Effect on the Company.

3.11         Books
and Records.  The books and records of
the Company accurately and fairly represent the Company’s business and its
results of operations in all material respects.

3.12         Brokers or Finders.  Except as set forth on Schedule 3.12
hereto, all negotiations relative to this Agreement and the transactions
contemplated hereby have been carried out by the Company or its Affiliates in
connection with the transactions contemplated by this Agreement, and neither
the Company, or Affiliates has incurred any obligation to pay any brokerage or
finder’s fee or other commission in connection with the transaction
contemplated by this Agreement.

3.13         Disclosure.  No representation or warranty of the Company
in this Agreement or in the Collateral Documents and no statement in any
certificate furnished or to be furnished by the Company pursuant to this
Agreement contained, contains or will contain on the date such agreement or
certificate was or is delivered, or on the Closing Date, any untrue statement
of a material fact, or omitted, omits or will omit on such date to state any
material fact necessary in order to make the statements made, in light of the
circumstances under which they were made, not misleading.

3.14         No
Undisclosed Liabilities.  Except as
set forth in Schedule 3.14 hereto, the Company has no obligations or
liabilities of any nature (matured or unmatured, fixed or contingent) other
than (i) those set forth or reserved against in the Company Financial
Statements or if subsequent to the date of the Company Financial Statements, as
otherwise disclosed in filings made with the SEC, (ii) those incurred in
connection with this Agreement or the transactions contemplated hereby, (iii)
those incurred in the ordinary course of business consistent with the Company’s
past practice.

3.15         Absence
of Certain Changes. Except as set forth on Schedule 3.15 hereto,
since the Financial Statement Date or otherwise disclosed in filings made with
the SEC, the Company has not: (a) suffered any material adverse change in its
financial condition, assets, liabilities or

 15
 

business; (b)
contracted for or paid any  capital
expenditures; (c) except as otherwise disclosed in SEC filings, incurred any
indebtedness or borrowed money, issued or sold any debt or equity securities,
declared any dividends or discharged or incurred any liabilities or obligations
except in the ordinary course of business as heretofore conducted; (d) except
as otherwise disclosed in SEC filings mortgaged, pledged or subjected to any
lien, lease, security interest or other charge or encumbrance any of its
properties or assets; (e) except as otherwise disclosed in SEC filings paid any
material amount on any indebtedness prior to the due date, forgiven or
cancelled any material amount on any indebtedness prior to the due date,
forgiven or cancelled any material debts or claims or released or waived any
material rights or claims; (f) suffered any damage or destruction to or loss of
any assets (whether or not covered by insurance); (g) except as otherwise
disclosed in SEC filings acquired or disposed of any assets or incurred any
liabilities or obligations; (h) except as otherwise disclosed in SEC filings
made any payments to its Affiliates or associates or loaned any money to any
person or entity; (i) except as otherwise disclosed in SEC filings acquired or
disposed of any interest in any corporation, partnership, limited liability
company, joint venture or other entity; (j) except as otherwise disclosed in
SEC filings entered into any employment, compensation, consulting or collective
bargaining agreement or any other agreement of any kind or nature with any
person or group, or modified or amended in any respect the terms of any such
existing agreement; (k) except as otherwise disclosed in SEC filings entered
into any other commitment or transaction or experienced any other event that
relates to or affect in any way this Agreement or to the transactions
contemplated hereby, or that has affected, or may adversely affect the Company’s
business, operations, assets, liabilities or financial condition; or (1) except
as otherwise disclosed in SEC filings amended its Articles of Incorporation or
By-laws, except as otherwise contemplated herein.

3.16         Contracts.  Schedule 3.16(a) hereto sets forth a
true and complete list of all contracts, agreements, leases, commitments or
other understandings or arrangements, written or oral, express or implied, to
which the Company is a party or by which it or any of its property is bound or
affected requiring payments to or from, or incurring of liabilities by, the
Company in excess of $250,000 (the “Contracts”). Except as set forth on Schedule
3.16(b) hereto, the Company has complied with and performed, in all
material respects, all of its obligations required to be performed under and is
not in default with respect to any of the Contracts, as of the date hereof, nor
has any event occurred which has not been cured which, with or without the
giving of notice, lapse of time, or both, would constitute a default in any
respect thereunder. To the best knowledge of the Company, no other party has
failed to comply with or perform, in all material respects, any of its
obligations required to be performed under or is in material default with
respect to any such Contracts, as of the date hereof, nor has any event
occurred which, with or without the giving of notice, lapse of time or both,
would constitute a material default in any respect by such party thereunder.
Except as set forth on Schedule 3.16(c) hereto, the Company knows of and
has no reason to believe that there are any facts or circumstances which would
make a material default by any party to any contract or obligation likely to
occur subsequent to the date hereof.

3.17         Permits and Licenses. The Company has
all certificates of occupancy, rights, permits, certificates, licenses,
franchises, approvals and other authorizations as are reasonably necessary to
conduct its business and to own, lease, use, operate and occupy its assets, at
the places and in the manner now conducted and operated, except those the
absence of which would not materially adversely affect its business. The
Company has not received any written or oral

 16
 

notice or claim pertaining to the failure to obtain any material
permit, certificate, license, approval or other authorization required by any
federal, state or local agency or other regulatory body, the failure of which
to obtain would materially and adversely affect its business.

3.18         Restrictions
on Business Activities.  Except as
set forth in Schedule 3.18 hereto, there is no agreement or Order
binding upon the Company, or any of its assets or properties which has had or
could reasonably be expected to have the effect of prohibiting or impairing any
current business practice of the Company (or future business practice of the
Surviving Corporation), any acquisition of property by the Company or the
conduct of business by the Company as currently conducted or as proposed to be
conducted by the Company other than in the ordinary course of business or which
would not reasonably be expected to give rise to a Material Adverse Effect.

3.19         Title
to Property.  The Company has good
and marketable title to all of its properties, interests in properties and
assets, real and personal, reflected in the Company Financial Statements or
acquired after the Financial Statement Date (except as otherwise disclosed in
SEC filings and except properties, interests in properties and assets sold or
otherwise disposed of since the Financial Statement Date in the ordinary course
of business), or with respect to leased properties and assets, valid leasehold
interests in, free and clear of all mortgages, liens, pledges, charges or
encumbrances of any kind or character, except (i)  liens for current Taxes not yet due and
payable or which are being contested by the Company in good faith, (ii) such
imperfections of title, liens and easements as do not and will not materially
detract from or interfere with the use of the properties subject thereto or
affected thereby, or otherwise materially impair business operations involving
such properties, (iii) liens securing debt which is reflected on the Company
Financial Statements, and (iv) Encumbrances listed on Schedule 3.19  hereto. 
The property and equipment of the Company that are used in the
operations of its business are in good operating condition subject to normal
wear and tear.  All material properties
used in the operations of the Company are reflected in the Company Financial
Statements.  The Company owns no real
property.

3.20         Labor Agreements and Labor Relations.  Except as set forth on Schedule 3.20(a)
hereto, the Company has no collective bargaining or union contracts or
agreements. Except as set forth on Schedule 3.20(b) hereto, the Company
is in compliance with all applicable laws respecting employment and employment
practices, terms and conditions of employment and wages and hours, and is not
engaged in any unfair labor practices; there are no charges of discrimination
or unfair labor practice charges, or complaints against the Company pending or
threatened before any governmental or regulatory agency or authority; and,
there is no material labor strike, dispute, employee grievance, disciplinary
action, slowdown or stoppage actually pending or threatened against or
affecting the Company.

3.21         Employment Arrangements.  Except as set forth on Schedule 3.21(a)
hereto, the Company has no employment or consulting agreements or arrangements,
written or oral, which are not terminable at the will of the Company, or any
pension, profit-sharing, option, other incentive plan, or any other type of
employment benefit plan as defined in ERISA or otherwise, or any obligation to
or customary arrangement with employees for bonuses, incentive compensation,
vacations, severance pay, insurance or other benefits. Except as set forth on

 17
 

Schedule 3.21(b) hereto, no employee of the
Company is in violation of any employment agreement or restrictive covenant.

3.22         Conduct of Business.  Prior to the Closing Date, the Company shall
conduct its business in the normal course, and shall not sell, pledge, or
assign any assets, without the prior written approval of Parent, except in the
regular course of business. Except as otherwise provided herein, the Company
shall not amend its Articles of Incorporation or By-Laws, declare dividends,
redeem or sell stock or other securities, acquire or dispose of fixed assets,
change employment terms, enter into any material or long-term contract,
guarantee obligations of any third party, settle or discharge any material
balance sheet receivable for less than its stated amount, pay more on any
liability than its stated amount or enter into any other transaction other than
in the regular course of business

3.23         SEC
Reports.  The Company has filed all
required SEC Reports since March 2, 2007 the date of the merger of Shea
Development Corp. and Information Intellect, Inc. and to the best of the
Company’s knowledge all SEC filings prior to March 2, 2007 have been filed with
the SEC, each of which complied at the time of filing in all material respects
with all applicable requirements of the Securities Act and the Exchange Act, as
applicable, in each case as in effect on the dates such forms reports and
documents were filed.  None of the
Company’s SEC Reports contained when filed an untrue statement of a material
fact or omitted to state a material fact required to be stated or incorporated
by reference therein or necessary in order to make the statements therein in
light of the circumstances under which they were made not misleading, except to
the extent superseded by a SEC Report filed subsequently and prior to the date
hereof.  Except as publicly disclosed by
the Company since the filing of its last SEC Report, there have been no events,
changes or effects with respect to the Company which the Company (i) was
required to publicly disclose, in a filing with the SEC or otherwise, or (ii)
which would reasonably be expected to have a material adverse effect on the
Company’s future operations or financial condition.

3.24         Information
Supplied by Company. None of the information supplied or to be supplied by
the Company for inclusion in the Joint Proxy-Registration Statement to be
delivered to its shareholders in connection with any written consent by or
meeting of such shareholders, at the date on which such information was
supplied prior to the time the Company’s shareholders were requested to approve
the Merger, contained or will contain any untrue statement or material fact or
omits or will omit to state any material fact required to be stated therein or
necessary in order to make the statements therein, in light of the circumstances
under which they are made, not materially misleading.

ARTICLE 4

REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB

Parent
and Merger Sub hereby, jointly and severally, represent and warrant to the
Company that (subject to such exceptions as are disclosed in the corresponding
Schedules with respect to specific sections of this Article 4) the statements
contained in this Article 4 are correct and complete as of the date of this
Agreement and will be correct and complete as of the Closing Date (as though
made then and as though the Closing Date were substituted for the date of this
Agreement throughout this Article 4, except in the case of representations and
warranties stated

 18

to be made as of the date of this Agreement or as of
another date and except for changes contemplated or permitted by this
Agreement):

4.1           Organization, Standing and Qualification.  Parent and Merger Sub are each corporations
duly organized, validly existing and in good standing under the laws of their
respective jurisdictions of incorporation. 
Parent and Merger Sub each have the requisite corporate power and
authority to own, lease and use its assets as they are currently owned, leased
and used and to conduct their respective businesses as currently
conducted.  Parent and Merger Sub are
each duly qualified or licensed to do business in and is in good standing in
each jurisdiction in which the character of the properties owned, leased or
used by, or the nature of the activities conducted by, each of Parent and
Merger Sub make such qualification necessary, except any such jurisdiction
where the failure to be so qualified or licensed would not have a Material
Adverse Effect on Parent or Merger Sub, or a Material Adverse Effect on the
validity, binding effect or enforceability of this Agreement or the Collateral
Documents or the ability of each of Parent and Merger Sub to perform their
respective obligations under this Agreement or any of the Collateral Documents.

4.2           Due
Authorization; Ownership of Stock. 
(a) Each of Parent and Merger Sub has full corporate power and authority
to execute and deliver this Agreement, to perform their respective obligations
hereunder and to consummate the transactions contemplated hereby.  The execution and delivery by each of Parent
and Merger Sub of this Agreement and the consummation by Parent and Merger Sub
of the transactions contemplated hereby, and the performance by Parent and
Merger Sub of their respective obligations hereunder, have been duly and
validly authorized by all necessary action by the Board of Directors of each of
Parent and Merger Sub, and no other action on the part of the Board of
Directors of each of Parent and Merger Sub is required to authorize the execution,
delivery and performance of this Agreement and the consummation by Parent and
Merger Sub of the transactions contemplated hereby.  This Agreement has been duly and validly
executed and delivered by each of Parent and Merger Sub and constitutes a
legal, valid and binding obligation of each of Parent and Merger Sub
enforceable against Parent and Merger Sub in accordance with its terms, except
as the enforceability thereof may be limited by bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium or other similar Legal
Requirements relating to the enforcement of creditors’ rights generally and by
general principles of equity.  (b) Except
for the transactions contemplated by this Agreement, as of the date hereof,
neither Parent nor Merger Sub beneficially owns any Company Common Stock.

4.3           Capitalization.

(a)           The authorized common stock and other
ownership interests of Parent consist of 100,000,000 shares of Common Stock, of
which 14,258,756 shares of Common Stock are issued and outstanding as of the
date hereof.  All of the issued and
outstanding shares of Parent Common Stock have been duly authorized and are
validly issued and outstanding, fully paid and nonassessable and have been
issued in compliance with applicable securities laws and other applicable Legal
Requirements or transfer restrictions under applicable securities laws.

(b)           The authorized common stock and other
ownership interests of Merger Sub consist of 100 shares of Common Stock, of
which 100 shares of Common Stock are issued

 19
 

and outstanding as of the date hereof.  All of the issued and outstanding shares of
Common Stock of Merger Sub have been duly authorized and are validly issued and
outstanding, fully paid and nonassessable and have been issued in compliance
with applicable securities laws and other applicable Legal Requirements or
transfer restrictions under applicable securities laws.

(c)           Schedule 4.3(c) hereto lists all
Equity Equivalents of Parent.  Except as
disclosed in Schedule 4.3(c) hereto, there are no other Equity Equivalents,
commitments or agreements of any character (whether created by statute, the
Articles of Incorporation or Bylaws of Parent, or any agreement or otherwise)
to which Parent is a party or by which it is bound, obligating Parent to issue,
deliver, sell, repurchase or redeem, or cause to be issued, delivered, sold,
repurchased or redeemed, any shares of common stock of Parent or obligating
Parent to grant, extend, accelerate the vesting of, change the price or
otherwise amend or enter into any such option, warrant, call, right, commitment
or agreement.

4.4           No Conflicts.  Except as set forth on Schedule 4.4
hereto, the execution, delivery and performance by the Parent and Merger Sub of
this Agreement and the Collateral Documents to which each is a party and the
consummation of the transactions contemplated hereby and thereby in accordance
with the terms and conditions hereof and thereof, do not and will not conflict
with, constitute a violation or breach of, constitute a default or give rise to
any right of termination or acceleration of any right or obligation of either
Parent or Merger Sub under, or result in the creation or imposition of any
Encumbrance upon the property of either Parent or Merger Sub by reason of the
terms of (i) the articles of incorporation, by laws or other charter or
organizational document of either Parent or Merger Sub, (ii) any contract,
agreement, lease, indenture or other instrument to which either Parent or
Merger Sub is a party or by or to which either Parent or Merger Sub or its
property may be bound or subject and a violation of which would result in a
Material Adverse Effect on Parent taken as a whole, (iii) any order, judgment,
injunction, award or decree of any arbitrator or Regulatory Authority or any
statute, law, rule or regulation applicable to either Parent or Merger Sub or
(iv) any Permit of Parent or Merger Sub, which in the case of (ii), (iii) or
(iv) above would have a Material Adverse Effect on Parent or a material adverse
effect on the validity, binding effect or enforceability of this Agreement or
the Collateral Documents or the ability of either Parent or Merger Sub to
perform its obligations hereunder or thereunder.

4.5           Consents and Approvals.  Except as set forth on Schedule 4.5
hereto, no consent, approval, authorization or order of, registration or filing
with, or notice to, any Regulatory Authority or any other Person is necessary
to be obtained, made or given by either Parent or Merger Sub in connection with
the execution, delivery and performance by them of this Agreement or any
Collateral Documents or for the consummation by them of the transactions
contemplated hereby or thereby, except to the extent the failure to obtain such
consent, approval, authorization or order or to make such registration or filings
or to give such notice would not have a Material Adverse Effect on Parent or a
Material Adverse Effect on the validity, binding effect or enforceability of
this Agreement or the Collateral Documents or the ability of either Parent or
Merger Sub to perform its obligations under this Agreement or any of the
Collateral Documents.

4.6           Intellectual Property.  Except as set forth on Schedule 4.6
hereto, Parent owns, or is licensed or otherwise possesses legally enforceable
rights to use, all Intellectual Property that 

 20
 

is used or currently proposed to be used in
the business of Parent as currently conducted or as presently proposed by
Parent to be conducted in the immediate future.

4.7           Compliance with
Legal Requirements.  Parent has
operated its business in compliance with all Legal Requirements applicable to
Parent except to the extent the failure to operate in compliance with all
material Legal Requirements would not have a Material Adverse Effect on Parent
on the validity, binding effect or enforceability of this Agreement or the
Collateral Documents.

4.8           Financial Statements.  Parent has
provided the Company with copies of the unaudited Condensed Consolidated
Balance Sheet of Parent as of June 30, 2007 (the “Parent Financial Statement
Date”), and the unaudited Condensed Consolidated Statements of Operations
for the period then ended and the audited Condensed Consolidated Balance Sheets
of Parent as of September 30, 2006 and the audited Condensed Consolidated
Statements of Operations for the period then ended (collectively, the “Parent
Financial Statements”).  The Parent
Financial Statements have been prepared in accordance with GAAP applied
on a basis consistent throughout all periods presented, present fairly in all
material respects the financial condition of Parent and its results of
operations as of the date and for the periods indicated therein. The accounting and other financial records of Parent have been
maintained in accordance with good business practices.

4.9           Litigation.  Except as set forth on Schedule 4.9
hereto, there are no outstanding judgments or orders against or otherwise
affecting or related to Parent or its business or assets; and there is no
action, arbitration, audit, hearing, suit 
complaint, proceeding or investigation, judicial, administrative or
otherwise, that is pending or, to the best knowledge of Parent, threatened
that, if adversely determined, would have a Material Adverse Effect on Parent
or a Material Adverse Effect on the validity, binding effect or enforceability
of this Agreement or the Collateral Documents.

4.10         Taxes. 
Except as set forth on Schedule 4.10 hereto, Parent has duly and
timely filed in proper form all Tax Returns for all Taxes required to be filed
with the appropriate Regulatory Authority, and has paid all taxes required to
be paid in respect thereof except where such failure would not have a Material
Adverse Effect on Parent.

4.11         Books and Records.  The books and records of Parent accurately
and fairly represent its business and its results of operations in all material
respects.

4.12         Brokers or Finders.  Except as set forth on Schedule 4.12
hereto, all negotiations relative to this Agreement and the transactions
contemplated hereby have been carried out by Parent in connection with the
transactions contemplated by this Agreement, and neither Parent nor Merger Sub
has entered into any contract, agreement, arrangement or understanding which
may result in an obligation to pay any brokerage or finder’s fee or other
commission in connection with the transaction contemplated by this Agreement.

4.13         Disclosure.  No representation or warranty of Parent or
Merger Sub in this Agreement or in the Collateral Documents and no statement in
any certificate furnished or to be furnished by Parent pursuant to this
Agreement contained, contains or will contain on the date

 21
 

such agreement or certificate was or is
delivered, or on the Closing Date, any untrue statement of a material fact, or
omitted, omits or will omit on such date to state any material fact necessary
in order to make the statements made, in light of the circumstances under which
they were made, not misleading.

4.14         No Undisclosed
Liabilities.  Except as set forth in Schedule
4.14 hereto, neither Parent nor Merger Sub has any obligations or
liabilities of any nature (absolute, accrued, matured or unmatured, fixed or
contingent) other than (i) those set forth or reserved against in the Parent
Financial Statements, (ii) those incurred in connection with this Agreement or
the transactions contemplated hereby, (iii) those incurred in the ordinary
course of business consistent with the Parent’s past practice.

4.15         Absence of Certain
Changes. Except as set forth on Schedule 4.15 hereto, since the
Parent Balance Sheet Date, Parent has not: (a) suffered any material adverse change
in its financial condition, assets, liabilities or business; (b) contracted for
or paid any capital expenditures; (c) incurred any indebtedness or borrowed
money, issued or sold any debt or equity securities, declared any dividends or
discharged or incurred any liabilities or obligations except in the ordinary
course of business as heretofore conducted; (d) mortgaged, pledged or subjected
to any lien, lease, security interest or other charge or encumbrance any of its
properties or assets; (e) paid any material amount on any indebtedness prior to
the due date, forgiven or cancelled any material amount on any indebtedness
prior to the due date, forgiven or cancelled any material debts or claims or
released or waived any material rights or claims; (f) suffered any damage or
destruction to or loss of any assets (whether or not covered by insurance); (g)
acquired or disposed of any assets or incurred any liabilities or obligations;
(h) made any payments to its affiliates or associates or loaned any money to any
person or entity; (i) formed or acquired or disposed of any interest in any
corporation, partnership, limited liability company, joint venture or other
entity; (j) entered into any employment, compensation, consulting or collective
bargaining agreement or any other agreement of any kind or nature with any
person or group, or modified or amended in any respect the terms of any such
existing agreement; (k) entered into any other commitment or transaction or
experience any other event that relates to or affect in any way this Agreement
or to the transactions contemplated hereby, or that has affected, or may
adversely affect the Parent’s business, operations, assets, liabilities or
financial condition;  (1) amended its
Articles of Incorporation or By-laws, except as otherwise contemplated herein
(m) made any change in accounting methods or practices or internal control
procedures, other than as required as a result of changes in law or GAAP; (n)
made any single expenditure or commitment in excess of $25,000 for additions to
property plant, equipment, or intangible capital assets, or (o) agreed to take
any action described in this Section 4.15.

4.16         Contracts.  Schedule 4.16(a) hereto is a true and
complete list of all Contracts to which Parent is a party or by which it or any
of its property is bound or affected requiring payments to or from, or
incurring of liabilities by, Parent in excess of $100,000. Except as set forth
on Schedule 4.16(b) hereto, Parent has complied with and performed, in
all material respects, all of its obligations required to be performed under
and is not in default with respect to any of the Contracts, as of the date
hereof, nor has any event occurred which has not been cured which, with or
without the giving of notice, lapse of time, or both, would constitute a
default in any respect there under. To the best knowledge of Parent, no other
party has failed to comply with or perform, in all material respects, any of
its obligations required to be performed under or 

 22
 

is in material default with respect to any
such Contracts, as of the date hereof, nor has any event occurred which, with
or without the giving of notice, lapse of time or both, would constitute a
material default in any respect by such party there under. Except as set forth
on Schedule 4.16(c) hereto, Parent knows of and has no reason to believe
that there are any facts or circumstances, which would make a material default
by any party to any contract or obligation likely to occur subsequent to the
date hereof.

4.17         Permits and Licenses.
The Parent and Merger Sub have all certificates of occupancy, rights, permits,
certificates, licenses, franchises, approvals and other authorizations as are
reasonably necessary to conduct their respective businesses and to own, lease,
use, operate and occupy their respective assets, at the places and in the
manner now conducted and operated, except those the absence of which would not
materially adversely affect their respective businesses. The Parent and Merger
Sub have not received any written or oral notice or claim pertaining to the
failure to obtain any material permit, certificate, license, approval or other
authorization required by any federal, state or local agency or other
regulatory body, the failure of which to obtain would materially and adversely
affect their respective businesses.

4.18         Restrictions on
Business Activities.  Except as set
forth in Schedule 4.18 hereto, there is no agreement or Order binding
upon Parent, or any of its assets or properties which has had or could
reasonably be expected to have the effect of prohibiting or impairing any
current business practice of Parent (or future business practice of the
Surviving Corporation), any acquisition of property by Parent or the conduct of
business by Parent as currently conducted or as proposed to be conducted by
Parent other than in the ordinary course of business or which would not
reasonably be expected to give rise to a Material Adverse Effect.

4.19         Title to Property.  Parent has good and marketable title to all
of its properties, interests in properties and assets, real and personal,
reflected in the Parent Financial Statements or acquired after the Financial
Statement Date (except properties, interests in properties and assets sold or
otherwise disposed of since the Financial Statement Date in the ordinary course
of business), or with respect to leased properties and assets, valid leasehold
interests in, free and clear of all mortgages, liens, pledges, charges or
encumbrances of any kind or character, except (i) the lien of current Taxes not
yet due and payable or which are being contested by Parent in good faith, (ii)
such imperfections of title, liens and easements as do not and will not
materially detract from or interfere with the use of the properties subject
thereto or affected thereby, or otherwise materially impair business operations
involving such properties, (iii) liens securing debt which is reflected on the
Parent Financial Statements, and (iv) liens listed on Schedule 4.18  hereto. The property and equipment of the
Company that are used in the operations of its business are in good operating
condition subject to normal wear and tear. 
All material properties used in the operations of Parent are reflected
in the Parent Financial Statements. 
Parent owns no real property.

4.20         Labor Agreements and
Labor Relations.  Except as set forth
on Schedule 4.20(a) hereto, Parent has no collective bargaining or union
contracts or agreements. Except as set forth on Schedule 4.20(b) hereto,
Parent is in compliance with all applicable laws respecting employment and
employment practices, terms and conditions of employment and wages and hours,
and is not engaged in any unfair labor practices; there are no charges of
discrimination or unfair labor practice charges, or complaints against Parent pending
or threatened before any

 23
 

governmental or regulatory agency or
authority; and, there is no labor strike, dispute, employee grievance,
disciplinary action, slowdown or stoppage actually pending or threatened
against or affecting Parent.

4.21         Employment
Arrangements.  Except as set forth on
Schedule 4.21(a) hereto, Parent has no employment or consulting
agreements or arrangements, written or oral, which are not terminable at the
will of Parent, or any pension, profit-sharing, option, other incentive plan,
or any other type of employment benefit plan as defined in ERISA or otherwise,
or any obligation to or customary arrangement with employees for bonuses,
incentive compensation, vacations, severance pay, insurance or other benefits.
Except as set forth on Schedule 4.21(b) hereto, no employee of Parent is
in violation of any employment agreement or restrictive covenant.

4.22         Conduct of Business.  Prior to the Closing Date, Parent shall
conduct its business in the normal course, and shall not sell, pledge, or
assign any assets, without the prior written approval of the Company, except in
the regular course of business. Except as otherwise provided herein, Parent
shall not (i) amend its Articles of Incorporation or By-Laws, (ii) declare, set
aside, make or payout dividends or other distributions, (iii) redeem or sell
stock or other securities, (iv) acquire or dispose of fixed assets, (v) enter
into or change employment terms, or increase the compensation payable to its
officers, employees, agents or consultants, or grant any severance or
termination pay, (vi) enter into any material or long-term contract, (vii)
guarantee obligations of any third party, (viii) settle or discharge any
material balance sheet receivable for less than its stated amount, (ix) pay
more on any liability than its stated amount, (x) enter into any other
transaction other than in the regular course of business, (xi) reclassify,
combine, split, subdivide, redeem, purchase or otherwise acquire, directly or
indirectly, any of its capital stock or other securities, (xii) acquire,
including without limitation by merger, consolidation or acquisition of stock
or assets any corporation, partnership, other business organization or division
thereof or any material amount or assets, or incur any indebtedness for
borrowed money or issue any debt securities or assume, guarantee or endorse, or
become responsible for the obligations of any Person or make loans or advances,
except in the ordinary course of business, or (xiii) agree to any of the
foregoing, except as may be necessary to do the actions required herein.

4.23         SEC Reports.  Parent has filed all required SEC Reports since October 1,
2004, each of which complied at the time of filing in all material respects
with all applicable requirements of the Securities Act and the Exchange Act, as
applicable, in each case as in effect on the dates such forms reports and
documents were filed.  None of Parent’s
SEC Reports contained when filed an untrue statement of a material fact or
omitted to state a material fact required to be stated or incorporated by
reference therein or necessary in order to make the statements therein in light
of the circumstances under which they were made not misleading, except to the
extent superseded by a SEC Report filed subsequently and prior to the date
hereof.  Except as publicly disclosed by
Parent since the filing of its last SEC Report, there have been no events,
changes or effects with respect to Parent which Parent (i) was required to
publicly disclose, in a filing with the SEC or otherwise, or (ii) which would
reasonably be expected to have a material adverse effect on Parent’s future
operations or financial condition.

4.24         Information Supplied
by Parent or Merger Sub. None of the information supplied or to be supplied
by the Parent or Merger Sub for inclusion in the proxy statement to be
delivered 

 24
 

to its shareholders in connection with any
written consent by or meeting of such shareholders, at the date on which such
information was supplied prior to the time the Parent’s shareholders were
requested to approve the Merger, contained or will contain any untrue statement
or material fact or omits or will omit to state any material fact required to
be stated therein or necessary in order to make the statements therein, in
light of the circumstances under which they are made, not materially
misleading.

ARTICLE 5

COVENANTS OF THE PARTIES

5.1           Key Employees.  As soon as practicable following the
execution of this Agreement, but in any event prior to the Closing Date, Parent
shall deliver to the Company a list of key employees of Parent (such persons, “Key
Employees”), which such Key Employees shall be required to execute and
enter into employment agreements with the Surviving Corporation, in
substantially the form attached hereto as Exhibit A (the “Key
Employee Agreements”), subject to the terms and conditions set forth in
such Key Employee Agreements.

5.2           Continuing Employees.  As soon as practicable following the
execution of this Agreement, but in any event prior to the Closing Date, Parent
and the Company shall determine and identify which employees of Parent, other
than the Key Employees, will receive employment offers from the Surviving
Corporation following the consummation of the Merger in accordance with the
terms hereof (such employees, the “Continuing Employees”), which
determination of such Continuing Employees shall be based on the Operating
Expense Budget for FY2008 prepared by Parent and delivered to Company. Prior to
the consummation of the Merger in accordance with the terms hereof, the Company
may request certain Continuing Employees to amend their respective Eligible
Warrant Agreement, if any, in connection with such Continuing Employee’s waiver
of certain rights thereunder with respect to a Change of Control of Parent.

5.3           Terminated Employees.  Immediately prior to consummation of the
Merger, but in no event later than the Closing Date, Parent shall terminate the
employment of all employees of Parent other than the Key Employees and the
Continuing Employees (the “Terminated Employees”), and such Terminated
Employees shall be entitled to receive all benefits accruing to them pursuant
to any existing employment agreements or option awards, including, without
limitation, any severance payments or options to which such Terminated
Employees may be entitled pursuant to applicable documents.  In the event the Terminated Employees were
not hired by Parent pursuant to an employment agreement, then such Terminated
Employees shall receive severance benefits, if any, in accordance with Parent’s
past practices, subject to the execution by such Terminated Employee of a
waiver and release in a form reasonably satisfactory to the Company.

5.4           Joint
Proxy-Registration Statement.  As
soon as practicable following the execution of this Agreement, the Parties
shall work together to prepare and file with the SEC a joint proxy -
registration statement in respect of the Merger and the transactions
contemplated hereby (the “Joint Proxy-Registration Statement”), which
such Joint Proxy Registration Statement shall be used in respect of (a)
soliciting shareholder approval in connection with the Merger and this
Agreement, (b) registering the Merger Consideration and the Merger Options, New
Parent Warrants and Parent Warrants and the shares of Parent Common Stock
issuable 

 25
 

pursuant to the exercise thereof issued
pursuant to Article 2 hereof, (c) authorizing the Reverse Split, (d) changing
the name of Parent to “Bravera, Inc.” and (d) 
increasing the authorized number of shares of Parent Common Stock to
800,000,000 and increasing the number of authorized shares of Parent Preferred
Stock to not less than 15,000,000 (the “Capital Increase”).

5.5           Access to
Information.  The Parties shall
provide to each other and their respective representatives such financial,
operating and other documents, data and information relating to the Party, and
their respective businesses, properties, assets and liabilities, as each Party,
or its representatives may reasonably request. 
In addition, each Party hereby agrees to take all action necessary to
enable their respective representatives review, inspect and audit each Party’s
business, properties, assets and liabilities and discuss them with such Party’s
officers, employees, independent accountants and counsel.  Notwithstanding any investigation that any
Party may conduct of the other Parties, or their respective businesses,
properties, assets and liabilities, each Party may fully rely on the other
Party’s warranties, covenants and indemnities set forth in this Agreement.

5.6           Consents and
Approvals.  As soon as practicable
after execution of this Agreement, the Parties shall use commercially
reasonable efforts to obtain any necessary consent, approval, authorization or
order of, make any registration or filing with or give any notice to, any
Regulatory Authority or Person as is required to be obtained, made or given by
any Party to consummate the transactions contemplated by this Agreement and the
Collateral Documents.

5.7           Notification of
Adverse Change and Certain Matters. 
Each Party shall promptly notify the other Parties of any material
adverse change in the condition (financial or otherwise) of such Party.  Each Party shall promptly notify the other
Parties of any fact, event, circumstance or action known to it that is
reasonably likely to cause such Party to be unable to perform any of its
covenants contained herein or any condition precedent in Article 6 not to be
satisfied, or that, if known on the date of this Agreement, would have been
required to be disclosed to another Party pursuant to this Agreement or the
existence or occurrence of which would cause any of the such Party’s
representations or warranties under this Agreement not to be correct and/or
complete.  Each Party shall give prompt
written notice to the other Parties of any adverse development causing a breach
of any of the representations and warranties in Articles 3 and 4 as of the date
made.

5.8           Meeting of the
Shareholders.  Promptly after the
date hereof, if required under applicable law and subject to SEC review of the
Joint Proxy Registration Statement, each Party will take all action necessary
in accordance with its articles of incorporation and by-laws, or other charter
or organizational documents, to convene a meeting of their respective shareholders,
or seek the written consent of its shareholders to consider the adoption and
approval of this Agreement and approval of the Merger to be held as promptly as
practicable.  Each Party, if required,
will use its reasonable efforts to solicit from its shareholders proxies in
favor of the adoption and approval of this Agreement and the approval of the
Merger.

5.9           Disclosure Schedule.  Each Party shall, from time to time prior to
Closing, supplement the Disclosure Schedules attached hereto with additional
information that, if existing or known to it on the date of delivery to the
other Party, would have been required to be included 

 26
 

therein. 
For purposes of determining the satisfaction of any of the conditions to
the obligations of any Party in Article 6, the Disclosure Schedules of such
Party shall be deemed to include only (a) the information contained therein on
the date of this Agreement and (b) information added to the such Party’s
Disclosure Schedule by written supplements delivered prior to Closing by such
Party (i) are accepted in writing by the receiving Party, or (ii) reflect
actions taken or events occurring after the date hereof prior to Closing.

5.10         State Statutes.  The Parties and their respective Board of
Directors shall, if any state takeover statute or similar law is or becomes
applicable to the Merger, this Agreement or any of the transactions
contemplated by this Agreement, use all reasonable efforts to ensure that the
Merger and the other transactions contemplated by this Agreement may be
consummated as promptly as practicable on the terms contemplated by this
Agreement and otherwise to minimize the effect of such statute or regulation on
the Merger, this Agreement and the transactions contemplated hereby.

5.11         Conduct of Business.  The Parties mutually agree that during the
period from the date of this Agreement and continuing until the earlier of the
termination of this Agreement pursuant to the provisions of Article 8 hereof or
the Closing, the Company, Parent and Merger Sub each shall (unless otherwise
required by this Agreement or Company has given its prior written consent to
Parent or Merger Sub or Parent has given its prior written consent to the
Company, as the case may be) carry on its business in the ordinary course
consistent with past practice, to pay its Taxes and other obligations
consistent with its past practices, to pay or perform other obligations when
due consistent with its past practices, subject to any good faith disputes over
such Taxes and other obligations and, to the extent consistent with such
business, to use reasonable efforts and institute all policies to preserve
intact its present business organization, keep available the services of its
present officers and key employees, preserve its relationships with customers,
suppliers, distributors, licensors, licensees, independent contractors and
other Persons having business dealings with it and to cause its Subsidiaries to
do the same, all with the express purpose and intent of preserving unimpaired
its goodwill and ongoing businesses at the Closing.

5.12         No Solicitation.  Until the earlier of the Closing or the date
of termination of this Agreement pursuant to the provisions of Article 8
hereof, neither Company nor Parent or Merger Sub, nor any of their respective shareholders,
officers, directors, agents, investment bankers or other representatives of any
of them (collectively, the “Representatives”) will, directly or
indirectly, (i) solicit, engage in discussions or negotiate with any Person
(regardless of who initiates such discussions or negotiations), or take any
other action intended or designed to facilitate the efforts of any Person,
other than the parties hereto, relating to the possible acquisition of the
Company, Parent or Merger Sub (whether by way of purchase of capital stock,
purchase of assets or otherwise) or any significant portion of its capital
stock or assets by any Person other than the parties hereto (an “Alternative
Acquisition”), (ii) provide information with respect to the Company, Parent
or Merger Sub to any Person relating to a possible Alternative Acquisition by
any Person, (iii) enter into an agreement with any Person providing for a
possible Alternative Acquisition, or (iv) make or authorize any statement,
recommendation or solicitation in support of any possible Alternative
Acquisition by any Person.  The Company,
Parent, or Merger Sub, as the case may be, shall cause its Representatives to
immediately cease and cause

 27
 

to be terminated all existing discussions or
negotiations with any Person heretofore conducted with respect to any possible
Alternative Acquisition.

5.13         Confidentiality.  Parent, Merger Sub and the Company
acknowledge and agree that the terms and conditions described in this
Agreement, including its existence, as well as the non-public information and
data furnished to them or their respective Representatives from the first
introduction of the parties and throughout the negotiation and drafting of this
Agreement is confidential and will not be disclosed to any third party, or used
for any purpose not specifically contemplated herein, without prior written
consent of the other party, unless otherwise required by Law or unless it
ceases to be confidential through no breach of the receiving party.

5.14         Closing Balance Sheet. For the purposes
of the requirements of Internal Revenue Service Revenue Ruling 59-60 and the
accounting requirements pursuant to the accounting for business combinations,
the Company shall deliver within ten (10) days of the Closing a balance sheet
of the Company as of the Closing Date (the “Closing Date Balance Sheet”) that has been reviewed and
approved by its independent accounting firm.   Within fifteen (15) days
after the delivery of the Closing Date Balance Sheet, Parent will provide to
the Company a proposed allocation of the Merger Consideration, which shall have
been prepared by an independent valuation accountant or consultant.

ARTICLE 6

CLOSING CONDITIONS

All obligations of the Parties under this
Agreement shall be subject to the fulfillment at or prior to Closing of each of
the following conditions applicable to such Party, it being understood that the
Parties may, in their sole discretion, to the extent permitted by applicable
Legal Requirements, waive any or all of such conditions in whole or in part:

6.1           Accuracy of Representations.  All representations and warranties of each
Party contained in this Agreement, the Collateral Documents and any certificate
delivered by any of the Parties at or prior to Closing shall be, if
specifically qualified by materiality, true in all respects and, if not so
qualified, shall be true in all material respects, in each case on and as of
the Closing Date with the same effect as if made on and as of the Closing Date,
except for representations and warranties expressly stated to be made as of the
date of this Agreement or as of another date other than the Closing Date and
except for changes contemplated or permitted by this Agreement.  The Company shall have delivered to the
Parent and Merger Sub, and the Parent and Merger Sub shall have delivered to
the Company, a certificate dated the Closing Date to the foregoing effect.

6.2           Covenants.  The Parties shall, in all material respects,
have performed and complied with each of the covenants, obligations and
agreements contained in this Agreement and the Collateral Documents that are to
be performed or complied with by them at or prior to Closing.  The Company shall have delivered to the
Parent and Merger Sub, and the Parent and Merger Sub shall have delivered to
the Company, a certificate dated the Closing Date to the foregoing effect.

 28
 

6.3           Consents and
Approvals.  All consents, approvals,
permits, authorizations and orders required to be obtained from, and all
registrations, filings and notices required to be made with or given to, any
Regulatory Authority or Person as provided herein, shall have been so obtained
or filed with such Regulatory Authority or Person.

6.4           Shareholder Approval.  All shareholder approval, as required under
any applicable Legal Requirements, shall have been obtained to approve the
transactions contemplated hereunder including the approval of the Merger, this
Agreement or the transactions contemplated hereby.

6.5           Joint Proxy Statement.  The Joint Proxy Statement shall have been
filed and declared effective by the SEC pursuant to Article 5 hereof.

6.6           Key Employee Agreements.  The Key Employee Agreements shall have been
executed and delivered to Parent and the Company pursuant to Article 5 hereof.

6.7           No Litigation.  No injunction, action, suit or proceeding
shall be pending or threatened by or before any Regulatory Authority and no
Legal Requirement shall have been enacted, promulgated or issued or deemed
applicable to any of the transactions contemplated by this Agreement and the
Collateral Documents that would: (i) prevent consummation of any of the
transactions contemplated by this Agreement and the Collateral Documents; (ii)
cause any of the transactions contemplated by this Agreement and the Collateral
Documents to be rescinded following consummation; or (iii) have a Material
Adverse Effect on a Party, the Merger, this Agreement or the transactions
contemplated hereby.

6.8           Renaissance
Capital Indebtedness.  All of the debt owed by Parent, including but
not limited to its debt owed to Renaissance Capital and affiliated funds (the “Renn
Group”), shall have been converted into equity, except that any amounts
advanced by the Renn Group to Parent after the date hereof up to $500,000 shall
be repaid on the Closing.

6.9           Fairness
Opinion.  Parent shall have received a fairness opinion
issued by the Mentor Group in that the transactions contemplated herein are
fair to the shareholders of Parent from a financial perspective.

6.10         Centrecourt
Lien.  Centrecourt shall have
received a security interest in all of the assets of Parent.

6.11         Parent
Assumption of Company Option Plan. 
Parent shall have adopted and assumed the Company Option Plan.

6.12         No Material Adverse
Change.  There shall have been no
material adverse change in the business, financial condition or operations of
any of the Parties.

6.13         Accrued Vacation.  The amount of any accrued vacation to any
employee of Parent in excess of one year shall be paid to such employee at
Closing.

 29
 

ARTICLE 7

INDEMNIFICATION

7.1           Indemnification by
the Company.  The Company shall
indemnify, defend and hold harmless Parent, Merger Sub, and each of their
respective shareholders, members, partners, directors, officers, managers,
employees, agents, attorneys and representatives, from and against any and all
Losses which may be incurred or suffered by any such party and which may arise
out of or result from any breach of any material representation, warranty,
covenant or agreement of the Company contained in this Agreement.

7.2           Indemnification by
the Parent and Merger Sub.  The Parent
and Merger Sub shall indemnify, defend and hold harmless the Company, and its
shareholders, members, partners, directors, officers, managers, employees,
agents, attorneys and representatives from and against any and all Losses which
may be incurred or suffered by any such party hereto and which may arise out of
or result from any breach of any material representation, warranty, covenant or
agreement of the Parent and Merger Sub contained in this Agreement.  .

7.3           Notice to
Indemnifying Party.  If any party
(the “Indemnified Party”) receives notice of any claim or other
commencement of any action or proceeding with respect to which any other party
(or parties) (the “Indemnifying Party”) is obligated to provide
indemnification pursuant to Sections 7.1 or 7.2, the Indemnified Party shall
promptly give the Indemnifying Party written notice thereof, which notice shall
specify in reasonable detail, if known, the amount or an estimate of the amount
of the liability arising here from and the basis of the claim.  Such notice shall be a condition precedent to
any liability of the Indemnifying Party for indemnification hereunder, but the
failure of the Indemnified Party to give prompt notice of a claim shall not
adversely affect the Indemnified Party’s right to indemnification hereunder
unless the defense of that claim is materially prejudiced by such failure.  The Indemnified Party shall not settle or
compromise any claim by a third party for which it is entitled to indemnification
hereunder without the prior written consent of the Indemnifying Party (which
shall not be unreasonably withheld or delayed) unless suit shall have been
instituted against it and the Indemnifying Party shall not have taken control
of such suit after notification thereof as provided in Section 7.4.

7.4           Defense by
Indemnifying Party.  In connection
with any claim giving rise to indemnity hereunder resulting from or arising out
of any claim or legal proceeding by a Person who is not a party to this
Agreement, the Indemnifying Party at its sole cost and expense may, upon
written notice to the Indemnified Party, assume the defense of any such claim
or legal proceeding (i) if it acknowledges to the Indemnified Party in writing
its obligations to indemnify the Indemnified Party with respect to all elements
of such claim (subject to any limitations on such liability contained in this
Agreement) and (ii) if it provides assurances, reasonably satisfactory to the
Indemnified Party, that it will be financially able to satisfy such claims in
full if the same are decided adversely. 
If the Indemnifying Party assumes the defense of any such claim or legal
proceeding, it may use counsel of its choice to prosecute such defense, subject
to the approval of such counsel by the Indemnified Party, which approval shall
not be unreasonably withheld or delayed. 
The Indemnified Party shall be entitled to participate in (but not
control) the defense of any such action, with its counsel and at its own
expense; provided, however, that if the Indemnified Party, in its sole discretion,
determines that there exists a conflict of interest between the Indemnifying
Party (or any constituent party thereof) and the Indemnified Party, the 

 30
 

Indemnified Party (or any constituent party
thereof) shall have the right to engage separate counsel, the reasonable costs
and expenses of which shall be paid by the Indemnified Party.  If the Indemnifying Party assumes the defense
of any such claim or legal proceeding, the Indemnifying Party shall take all steps
necessary to pursue the resolution thereof in a prompt and diligent
manner.  The Indemnifying Party shall be
entitled to consent to a settlement of, or the stipulation of any judgment
arising from, any such claim or legal proceeding, with the consent of the
Indemnified Party, which consent shall not be unreasonably withheld or delayed;
provided, however, that no such consent shall be required from the Indemnified
Party if (i) the Indemnifying Party pays or causes to be paid all Losses
arising out of such settlement or judgment concurrently with the effectiveness
thereof (as well as all other Losses theretofore incurred by the Indemnified
Party which then remain unpaid or unreimbursed), (ii) in the case of a
settlement, the settlement is conditioned upon a complete release by the
claimant of the Indemnified Party and (iii) such settlement or judgment does
not require the encumbrance of any asset of the Indemnified Party or impose any
restriction upon its conduct of business.

ARTICLE 8

TERMINATION

8.1           Termination.  This Agreement may be terminated, and the
transactions contemplated hereby may be abandoned, at any time prior to the
Effective Time.

(a)           By mutual written
agreement of the Parties;

(b)           By either of Parent or
the Company if the Closing does not occur on or before December 31, 2007 or to
be extended by mutual consent of the parties;

(c)           By either of Parent or
the Company if the shareholders of such Party fail to approve the Merger, this
Agreement and the transactions contemplated hereby;

(d)           By either of Parent or
the Company if any court of competent jurisdiction or other competent
Regulatory Authority shall have issued an order making illegal or otherwise
permanently restricting, preventing or otherwise prohibiting the Merger and
such order shall have become final;

(e)           By either of the Company
or Parent upon written notice to the other Party in the event of a breach of
any provision or covenant of this Agreement, or any representation or warranty
made by such Party hereunder becomes inaccurate; provided, however,
that such breach or inaccuracy would cause the related closing condition, if
any, not be satisfied in accordance with Article 6 hereof; provided, further,
that prior to any termination by the non-breaching party, such Party shall
provide written notice to the breaching Party specifically identifying the
breach or inaccurate representation, and the breaching Party does not cure or
correct such breach or inaccuracy within 30 days following receipt of the
written notice.

8.2           Effect of Termination.  If this Agreement is validly terminated by
either the Company or Parent pursuant to Section 8.1, this Agreement will
forthwith become null and void and there will be no liability or obligation on
the part of the parties hereto, except that nothing contained herein shall
relieve any party hereto from liability for willful breach of its
representations, warranties, covenants or agreements contained in this
Agreement.

 31
 

ARTICLE 9

MISCELLANEOUS PROVISIONS

9.1           Notices.  All notices, requests and other
communications hereunder must be in writing and will be deemed to have been
duly given only if delivered personally against written receipt or mailed by
prepaid first class registered or certified mail, return receipt requested, or
sent by overnight courier prepaid, to the parties at the following addresses or
facsimile numbers:

	
  If to Parent or Merger Sub
  to:

  
	
   

  	
   

  
	
  CaminoSoft Corp.

  
	
  600 Hampshire Road,
  Suite 105

  
	
  Westlake Village, CA
  91361-2565

  
	
  Attn: Michael Skelton,
  Chief Executive Officer

  
	
  Tel: (805) 370-3100

  
	
  Fax: (805) 370-3200

  
	
   

  	
   

  
	
  with a copy, which
  shall not constitute notice to:

  
	
   

  	
   

  
	
  David Ficksman

  
	
  Troy & Gould, PC

  
	
  1801 Century Park East,
  16th Floor

  
	
  Los Angeles, California
  90067

  
	
  Tel: (310) 553-4441

  
	
  Fax:(310) 201-4746

  
	
   

  	
   

  
	
  If to the Company:

  
	
   

  	
   

  
	
  Shea Development Corp.

  
	
  3452 Lake Lynda Dr,
  Suite 350

  
	
  Orlando, FL 32817

  
	
  Attn: Francis E. Wilde,
  Chairman and CEO

  
	
  Tel: (407) 282-3545

  
	
  Fax: (408) 516-8239

  
	
   

  	
   

  
	
  with a copy, which
  shall not constitute notice, to:

  
	
   

  	
   

  
	
  Dunnington, Bartholow
  & Miller, LLP

  
	
  477 Madison Avenue, 12th Floor

  
	
  New York, NY 10022

  
	
  Attn: Robert T. Lincoln

  
	
  Tel: (212) 682-8811

  
	
  Fax: (212) 661-7769

  

 

9.2           Entire Agreement.  This Agreement supersedes all prior
discussions and agreements between the parties with respect to the subject
matter hereof and thereof and contains 

 32
 

the sole and entire agreement between the
parties hereto with respect to the subject matter hereof and thereof.  Except for the representations and warranties
contained in this Agreement or in any instrument delivered pursuant to this
Agreement, each of the Parties to this Agreement acknowledges that no other
representations or warranties have been relied upon by that Party or made by
any other party or its officers, directors, employees, agents, financial and
legal advisors or other representatives.

9.3           Further Assurances; Post-Closing
Cooperation.  At any time or from
time to time after the Closing, the Parties will execute and deliver to the
other party such other documents and instruments, provide such materials and
information and take such other actions as the other party may reasonably
request to consummate the transactions contemplated by this Agreement and
otherwise to cause the other Party to fulfill its obligations under this
Agreement and the transactions contemplated hereby.  Each Party agrees to use commercially
reasonable efforts to cause the conditions to its obligations to consummate the
transactions contemplated hereby to be satisfied.

9.4           Amendment.  This Agreement may be amended by the Parties
hereto at any time before the Closing by execution of an instrument in writing
signed on behalf of each of the Parties hereto and after the Closing by
execution of an instrument in writing signed on behalf of Parent and the
Surviving Corporation.

9.5           Extension.  At any time prior to the Closing, Parent,
Merger Sub and the Company may, to the extent legally allowed, may agree in
writing to extend the time for the performance of any of the obligations of the
other party hereto.

9.6           Waiver.  Any term or condition of this Agreement may
be waived at any time by the party that is entitled to the benefit thereof, but
no such waiver will be effective unless set forth in a written instrument duly
executed by or on behalf of the party waiving such term or condition.  No waiver by any party of any term or
condition of this Agreement, in any one or more instances, will be deemed to be
or construed as a waiver of the same or any other term or condition of this
Agreement on any future occasion.  All
remedies, either under this Agreement or by Law or otherwise afforded, will be
cumulative and not alternative.

9.7           Third Party Beneficiaries.  The terms and provisions of this Agreement
are intended solely for the benefit of each Party hereto and their respective
successors or permitted assigns, and it is not the intention of the Parties to
confer third-party beneficiary rights, and this Agreement does not confer any
such rights, upon any other Person other than any Person entitled to indemnity
as described in Article 7.

9.8           No Assignment; Binding Effect.  Neither this Agreement nor any right,
interest or obligation hereunder may be assigned (by operation of law or
otherwise) by any Party without the prior written consent of the other Parties
and any attempt to do so will be void. 
Subject to the preceding sentence, this Agreement is binding upon,
inures to the benefit of and is enforceable by the Parties hereto and their
respective successors and assigns.

9.9           Captions.  The headings and table of contents used in
this Agreement have been inserted for convenience of reference only and do not
define or limit the provisions hereof.

 33
 

9.10         Invalid Provisions.  If any provision of this Agreement is held to
be illegal, invalid or unenforceable under any present or future law, and if
the rights or obligations of any party hereto under this Agreement will not be
materially and adversely affected thereby, (a) such provision will be fully
severable, (b) this Agreement will be construed and enforced as if such
illegal, invalid or unenforceable provision had never comprised a part hereof,
(c) the remaining provisions of this Agreement will remain in full force and
effect and will not be affected by the illegal, invalid or unenforceable
provision or by its severance herefrom and (d) in lieu of such illegal, invalid
or unenforceable provision, there will be added automatically as a part of this
Agreement a legal, valid and enforceable provision as similar in terms to such
illegal, invalid or unenforceable provision as may be possible.

9.11         Governing Law.  This Agreement will be governed by and
construed in accordance with the domestic laws of the State of Nevada, without
giving effect to any choice of law or conflict of law provision.

9.12         Construction.  The Parties hereto agree that this Agreement
is the product of negotiation between sophisticated parties and individuals,
all of whom were represented by counsel, and each of whom had an opportunity to
participate in and did participate in, the drafting of each provision
hereof.  Accordingly, ambiguities in this
Agreement, if any, will not be construed strictly or in favor of or against any
Party hereto but rather will be given a fair and reasonable construction
without regard to the rule of contra proferentum.

9.13         Counterparts.  This Agreement may be executed in any number
of counterparts, each of which will be deemed an original, but all of which
together will constitute one and the same instrument.

9.14         Specific Performance.  The Parties hereto agree that irreparable
damage would occur in the event that Section 5.13 of this Agreement is not
performed in accordance with its specific terms or were otherwise
breached.  It is agreed that the Parties
will be entitled to an injunction or injunctions to prevent breaches of Section
5.13 of this Agreement and to enforce specifically the terms and provisions
thereof in any court having jurisdiction, this being in addition to any other
remedy to which they are entitled at law or in equity.

 34
 

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

	
  

  	
  CaminoSoft Corp.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/MICHAEL
  SKELTON

  	
   

  
	
   

  	
   

  	
  Name: Michael
  Skelton

  
	
   

  	
   

  	
  Title: Chief
  Executive Officer

  
	
   

  	
   

  
	
   

  	
  CC Merger Corp.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/MICHAEL
  SKELTON

  	
   

  
	
   

  	
   

  	
  Name: Michael
  Skelton

  
	
   

  	
   

  	
  Title: Chief
  Executive Officer

  
	
   

  	
   

  
	
   

  	
  Shea Development
  Corp.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ FRANCIS E.
  WILDE

  	
   

  
	
   

  	
   

  	
  Name: Francis E.
  Wilde

  
	
   

  	
   

  	
  Title: Chairman
  and CEO

  
							

 

 35Exhibit 10.1

EMPLOYMENT
AGREEMENT

THIS EMPLOYMENT AGREEMENT (the “Agreement”)
is made and entered into as of this 5th day of September 2007 by and between MarkWest
Hydrocarbon, Inc., a Delaware corporation, having its principal executive
offices in Denver, Colorado (the “Company”) and Frank M. Semple,
residing in Denver, Colorado (the “Executive”).

WHEREAS, the Company derives its revenue
and value through its natural gas liquids and gas marketing activities and
through its ownership in MarkWest Energy Partners, L.P. (the “Partnership”),
a publicly traded Delaware master limited partnership engaged in the gathering,
transportation and processing of natural gas, the transportation and
fractionation and storage of NGLs, and the gathering and transportation of
crude oil;

WHEREAS, the Company’s ownership interest
in the Partnership consists of ownership of an approximately 17% limited
partner interest in MarkWest Energy Partners, L.P., and ownership of
approximately 89.7% of MarkWest Energy GP, L.L.C. (the “GP”), the
Partnership’s general partner;

WHEREAS, the Company and GP have entered
into a services agreement (the “Services Agreement”) pursuant to which
the Company acts in a management capacity providing day-to-day operational,
business and asset management, accounting, information services, personnel, and
related administrative services to the Partnership;

WHEREAS, the Executive is currently serving
as President and Chief Executive Officer of the Company, and in such capacity
provides services to or on behalf of the Company and its affiliates, and to the
Partnership and its affiliates pursuant to the Services Agreement; and

WHEREAS, the Company and the Executive
mutually desire to formalize the employment arrangement of the Executive and to
agree upon the terms of the Executive’s employment as the President and Chief
Executive Officer of the Company and, in addition, to agree as to certain
benefits of said employment.

NOW, THEREFORE, in consideration of the
mutual promises and agreements set forth below, the Company and the Executive
hereby agree as follows:

1.             TERM OF EMPLOYMENT: 
Subject to the terms of this Agreement, the Company hereby continues the
employment of the Executive, and the Executive hereby accepts such continuing
employment, effective September 5, 2007 (the “Effective Date”), for a
period of three years, subject to earlier termination as provided in Paragraph
4, herein (the “Term”); provided, however, that the Term will
automatically be extended by twelve months on the third anniversary of the Effective
Date and on each anniversary of the Effective Date thereafter, unless one party
to this Agreement provides written notice of non-renewal to the other party at
least 30 days prior to the effective date of such automatic extension.  The consequences of termination of employment
to each party are as set forth in this Agreement.  Portions of this Agreement that by 

 

their terms
provide or imply that they survive the end of the Term shall survive the end of
the Term.

2.             POSITION AND DUTIES:

a.             Position:  During
the Term, the Executive shall serve as President and Chief Executive Officer of
the Company and shall have such duties, responsibilities, and authority as are
customarily required of and given to the President and Chief Executive Officer
of a public mid-stream energy company. 
The Executive shall report directly to the Company’s Board of Directors
and shall perform his or her duties and responsibilities primarily at the
Company’s offices in Denver, Colorado.

b.             Commitment of the Executive:  During the Term, the Executive shall devote
substantially Executive’s full business time, energy, and ability to the
business of the Company, the Partnership, and their respective affiliates.  As used in this Agreement, the term “Affiliate”
means, with respect to any entity, any other entity that directly or indirectly
controls, is controlled by, or is under common control with such first entity.

c.             Other Positions and Services:  The Executive may (i) with the prior written
approval of the Company’s Board of Directors (the “Board”), which
approval shall not be unreasonably withheld or delayed, serve as a director or
trustee of other for profit corporations or businesses, provided, that
if a directorship is approved and the Board later determines (A) that the
directorship would violate Paragraph 7 of this Agreement, or (B) that that the
Board no longer approves of the directorship, which approval shall not be
unreasonably withdrawn, it shall notify the Executive in writing and the
Executive shall resign such directorship within a reasonable period of time,
(ii) serve on civic or charitable boards or committees, and (iii) deliver
lectures, fulfill speaking engagements, or teach at educational institutions
(and retain any fees therefrom); provided, however, that the Executive
may not engage in any of the activities described in this Paragraph 2(c) to the
extent such activities interfere materially with the performance of the
Executive’s duties and responsibilities to the Company.

d.             Investments:  Except
as may otherwise be permitted by this Agreement, without the prior express
authorization of the Board, the Executive shall not, during the Term, directly
or indirectly render services of a business, professional, or commercial nature
to any other person or firm, whether for compensation or otherwise.  Notwithstanding the foregoing, the Executive
may be an investor, shareholder, joint venturer, or partner in any such
business (hereinafter referred to as “Investor”); provided, that
Executive’s status as an Investor shall not (i) pose a conflict of interest
with regard to Executive’s employment, (ii) require the Executive’s active
involvement in the management or operation of such Investment (recognizing that
the Executive shall be permitted to monitor and oversee the Investment), or
(iii) interfere materially with the performance of the Executive’s duties and
obligations hereunder.  For the purposes
of clause (i) of the preceding sentence, the Executive shall not be deemed to
be subject to a conflict of interest merely by reason of the ownership of less
than five percent (5%) of (i) the outstanding stock of any entity whose stock
is traded on an established stock exchange or on the National Association of
Securities Dealers Automated Quotation System, or (ii) the outstanding stock, 

 

partnership
interests or other form of equity interest of any venture fund, investment pool
or similar investment vehicle.

e.             No Conflict:  The
Executive represents and warrants that, to the best of Executive’s knowledge
after the review of Executive’s personal files, he has the full right and
authority to enter into this Agreement and to render the services as required
under this Agreement, and that by signing this Agreement and rendering such
services he is not breaching any contract or legal obligation he owes to any
third party.

3.             COMPENSATION AND BENEFITS: 
During the Term, while the Executive is employed by the Company, the
Company shall compensate the Executive for his or her services as set forth in
this Paragraph 3.  The Executive
recognizes that during the Term of the Agreement, the Company reserves the
right to change from time to time the terms and benefits of any retirement,
welfare or fringe benefit plan of the Company, including the right to change
any service provider, so long as such changes are also applicable generally to
all executives of the Company.

a.             Salary:  During the
Term, the Company shall pay the Executive a base salary at an annual rate of
$420,000.00 (the “Base Salary”). 
Base Salary shall be earned and shall be payable in periodic
installments in accordance with the Company’s payroll practices.  Amounts payable shall be reduced by standard
withholding and other authorized deductions. 
The Compensation Committee of the Board (the “Compensation Committee”)
will review the Executive’s salary at least annually and may adjust the
Executive’s Base Salary in its sole discretion. 
Executive’s salary as so adjusted shall thereafter be treated as
Executive’s Base Salary hereunder.

b.             Cash Bonus / Short-Term Incentives: The Executive shall be
eligible to receive bonuses/short-term cash incentives in accordance with the
Company’s cash bonus/short-term incentive program(s) for senior management, as
such program(s) may be modified from time to time.  All bonuses/short-term cash incentives shall
be paid in a manner that complies with the requirements of Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”).

c.             Equity Compensation
Programs:

(i)            General.  The Executive shall be entitled to
participate in all equity compensation programs sponsored by the Company, the
Partnership, or their Affiliates (the “Equity Plans”).  The size and terms of any grants to be made
to Executive shall be established by the Compensation Committee, or the
Compensation Committee of the Partnership, in their sole discretion.

(ii)           Change of Control.  All grants made under the Equity Plans
(including those made prior to the effective date of this Agreement) shall vest
in full immediately prior to the occurrence of a Change of Control.  For
purposes of this Agreement, a Change of Control shall mean the first to occur
of:

 

(A)          any “person” (as defined in Section
13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)) other than (1) the Company or any Affiliate of the Company as of the
date of this Agreement, (2) any employee benefit plan of the Company or any
Affiliate of the Company, or (3) any person or entity organized, appointed or
established by the Company for or pursuant to the terms of any such plan which
acquires beneficial ownership of voting securities of the Company, is or
becomes the beneficial owner, directly or indirectly, of securities of the
Company representing 50% or more of the combined voting power of the Company’s
then outstanding securities.

(B)           the individual directors of the Board
on the effective date of this Agreement (“Incumbent Directors”) cease to
constitute at least two-thirds of the Board within any three (3) year
period.  For purposes of this paragraph, any new director whose election by the Board or
nomination for election by the Company’s stockholders was approved by a vote of
at least two-thirds of the Incumbent Directors shall be considered an
Incumbent Director.  However, no director
whose initial election to the Board occurs as a result of an actual or
threatened election contest with respect to the election or removal of director
or other actual or threatened solicitation of proxies or consents by or on
behalf or a person other than the Board shall be considered a Incumbent Director;

(C)           consummation
of a reorganization, merger or consolidation of the Company (a “Business
Combination”), in each case, unless, following such Business Combination,
the individuals and entities who were the beneficial owners of outstanding
voting securities of the Company immediately prior to such Business Combination
beneficially own, by reason of such ownership of the Company’s voting
securities immediately before the Business Combination, directly or indirectly,
more than 50% of the combined voting
power of the then outstanding voting securities entitled to vote generally in
the election of directors of the company resulting from such Business
Combination (including, without limitation, a company which as a result of such
transaction owns the Company or all or substantially all of the Company’s
assets either directly or through one or more subsidiaries) in substantially
the same proportions as their ownership of the outstanding voting securities of
the Company immediately prior to such Business Combination; or

(D)          approval by the
stockholders of the Company of a complete liquidation or dissolution of the
Company.

(E)           any sale, lease,
exchange, or other transfer or disposition of all or substantially all of the
assets of the Partnership or the GP;

(F)           consummation of any
Business Combination with respect to the GP, unless, following such Business
Combination, the individuals and entities who were the beneficial owners of
outstanding voting securities of the GP as of the initial public offering of
securities in the Partnership, beneficially own, by reason of such ownership of
the GP’s voting securities, directly or indirectly, more than 50% of the combined voting power of the then outstanding
voting securities entitled to vote generally in the election of directors of
the company resulting from such Business Combination (including, without
limitation, a company which as a result of such transaction owns the GP or all
or substantially all of the GP’s assets either directly 

 

or through one or more subsidiaries) in substantially the same proportions
as their ownership of the outstanding voting securities of the GP as of the
initial public offering of securities in the Partnership; or

(G)           the general partner of
the Partnership (whether it be the GP or another entity) ceases to be an
Affiliate of the Company.

Notwithstanding
the foregoing subparagraphs (A) through (G), in no event shall any
transaction or series of transactions entered into between the Company, the
Partnership, the GP, or their respective Affiliates as of the date of this
Agreement or entities wholly owned by the forgoing, or changes associated
therewith, be considered a Change in Control.

d.             Retirement Plans: 
The Executive shall be entitled to participate in all retirement plans
applicable generally to other senior executives of the Company, in accordance
with the terms of such plans, as they may be amended from time to time.

e.             Welfare Benefit Plans: 
The Executive and Executive’s family, as the case may be, shall be
eligible to participate in and shall receive all benefits under the Company’s
welfare benefit plans and programs applicable generally to other senior
executives of the Company (collectively, as amended from time to time, the “Company
Plans”), in accordance with the terms of the Company Plans.

f.              Vacation and Sick Leave: 
Executive shall be entitled to paid vacation, sick leave, and paid time
off in accordance with the plans, policies, and programs in effect generally
with respect to other senior executives of the Company, including the limitations,
if any, on the carry-over of accrued but unused time.

g.             Expenses:  The
Company shall reimburse the Executive for reasonable expenses for cellular
telephone usage, entertainment, travel, meals, lodging, and similar items
incurred in the conduct of the Company’s business.  Such expenses shall be reimbursed in
accordance with the Company’s expense reimbursement policies and guidelines.

h.             Fringe Benefits and Perquisites.  Executive and Executive’s family, as the case
may be, shall be eligible for all other fringe benefits or perquisites offered
generally to senior executives of the Company (and their families, as
applicable).

i.              Officers and Directors Liability Insurance; Indemnification:  During
Executive’s employment with the Company and thereafter so long as Executive may
have liability arising out of Executive’s service as an officer or director of
the Company or any Affiliate, the Company agrees to continue and maintain a
director’s and officer’s liability insurance policy (“D&O Insurance”)
covering Executive in an amount that is reasonable and customary based on the
size and business activities of the Company, the Partnership, and their
Affiliates, and the authorities, power, responsibilities, and duties of
Executive.  To the fullest extent
permitted by the indemnification provisions of the Company’s governing
instruments in effect as of the date of this Agreement and the indemnification
provisions of the governing laws of the jurisdiction of the Company’s formation
in effect from time to time (collectively, the 

 

“Indemnification
Provisions”), and in each case subject to the conditions thereof, the
Company shall (i) indemnify the Executive, as a director (if applicable) and
officer of the Company or an Affiliate of the Company or a trustee or fiduciary
of an employee benefit plan of the Company or an Affiliate of the Company, or,
if the Executive shall be serving in such capacity at the Company’s request, as
a director or officer of any other entity (other than an Affiliate of the
Company) or as a trustee or fiduciary of an employee benefit plan not sponsored
by the Company or an Affiliate of the Company, against all liabilities and
reasonable expenses that may be incurred by the Executive in any threatened,
pending, or completed action, suit or proceeding, whether civil, criminal or
administrative, or investigative and whether formal or informal, because the
Executive is or was a director or officer of the Company or any Affiliate, a
director or officer of such other entity or a trustee or fiduciary of such
employee benefit plan, and against which the Executive may be indemnified by
the Company, and (ii) pay for or advance to Executive the reasonable expenses
incurred by the Executive in the defense of any proceeding to which the
Executive is a party because the Executive is or was a director or officer of
the Company or an Affiliate, a director or officer of such other entity or a
trustee or fiduciary of such employee benefit plan.  The rights of the Executive under the
Indemnification Provisions shall survive the termination of the employment of
the Executive by the Company.

4.             TERMINATION:  The
Executive’s employment with the Company during the Term may be terminated by
the Company or the Executive pursuant to this Paragraph 4, subject to the provisions
of Paragraph 5:

a.             Death
or Disability:  If the
Executive has a Disability (as defined below), the Company may give to the
Executive written notice of its intention to terminate the Executive’s
employment.  In such event, the Executive’s
employment with the Company shall terminate effective on the 30th day after
receipt of such notice by the Executive, provided that, within the 30-day
period after such receipt, the Executive shall not have returned to full-time
performance of the Executive’s material duties. 
For purposes of this Agreement, “Disability” shall mean any
physical or mental condition which prevents the Executive, for a period of 90
consecutive days, from performing and carrying out Executive’s material duties
and responsibilities with the Company, as determined under the Company’s
long-term disability plan.  The Executive’s
employment hereunder shall terminate automatically upon the Executive’s death.

b.             Cause:  The Company
may terminate this Agreement immediately upon written notice to the Executive
if, after the Executive is given an opportunity
to be heard by the Board and to present evidence on Executive’s behalf, a
formal determination is made by a majority of the directors on the Board and at
least two-thirds of the Board’s non-employee directors, that the Executive
should be terminated for “Cause”. 
Any one or more of the following events shall constitute “Cause”:

(i)            conviction of (or
pleading nolo contendere to) a
felony that is injurious to the business or reputation of the Company, the
Partnership, or their Affiliates;

(ii)           engaging in
intentional wrongdoing (including without limitation, theft, fraud,
embezzlement, or willful misappropriation of the funds or property of the
Company, 

 

the Partnership, or their Affiliates), or failure by Executive to
substantially adhere to the Company work rules, policies or procedures, that is
injurious to the business or reputation of the Company, the Partnership, or
their Affiliates, or breach of fiduciary duties for enrichment of the Executive;

(iii)          illegal or prohibited treatment of or
relations with any employee, agent or consultant of the Company, the
Partnership, or their Affiliates or of any person with whom the Company, the
Partnership, or their Affiliates have a business relationship, in the form of
illegal or prohibited discrimination, harassment, abuse, assault or other
actions of a similar nature;

(iv)          Executive
has failed to perform substantially Executive’s material duties as contemplated
by Paragraph 2 above (other than such failure resulting from incapacity due to
physical or mental illness), which, for avoidance of doubt, shall include
Executive’s insubordination to his or her direct or indirect reports or to the
Board, after (i) a written demand for corrected performance is delivered to
Executive by the Board which identifies specifically the manners in which the
Board believes Executive has not performed substantially Executive’s material
duties, and (ii) Executive’s failure to cure such items identified in the Board’s
letter within 30 days.

(v)           any
material breach of Executive’s obligations under this Agreement including, but
not limited to, a breach of Executive’s obligations under Paragraph 7;
provided, however, that in the event such breach is curable and is actually
cured within ten (10) days after written notice detailing the nature and facts
of such breach is delivered to Executive, the breach shall not be considered “Cause”
for Executive’s termination.

(vi)          engaging
in actions or behavior that bring Executive into public hatred, disrepute,
scorn, or ridicule, or shock, insult, or offend the community or public morals
or decency, in each case resulting in injury to the business or reputation of
the Company or inhibiting the ability of Executive to effectively represent publicly
the Company, the Partnership, or their Affiliates.

c.             Other than Death or Disability or Cause:  The Company may terminate the Executive’s
employment upon thirty (30) days written notice to the Executive at any time
and for any reason other than Death, Disability, or Cause.

d.             Termination by Executive: 
The Executive may terminate Executive’s employment upon thirty (30) days
written notice to the Company at any time and for any reason.

5.             OBLIGATIONS OF THE COMPANY AND THE EXECUTIVE UPON TERMINATION:

a.             Death
or Disability:  If the
Executive’s employment is terminated by reason of the Executive’s death or
Disability during the Term, the Term shall end and the Company shall provide to
Executive or Executive’s legal representatives:

 

(i)
           payment of the sum of (A) any
Base Salary and bonus earned but not yet paid to the Executive through the date
of termination, and (B) any other compensation earned through the date of
termination but not yet paid or delivered to the Executive (“Accrued
Obligations”),

(ii)           the payments and benefits provided in
Paragraph 5(g),

(iii)
         payment to the Executive of a
lump sum equal to (A) 36 months of the Executive’s then current Base Salary,
(B) three (3) times the average annual bonus earned by the Executive for the
two most recently completed fiscal years, and (C) a pro-rata portion of the
target amount of the annual bonus for the fiscal year of termination,
calculated based on the portion of such fiscal year the Executive is
employed.  The lump sum payment shall be
made within thirty (30) days of termination or, if the payment, or any portion
thereof, must be delayed to comply with Code Section 409A because the
individual is a “specified employee” as defined in Code Section
409A(a)(2)(B)(i), the payment, or the portion so delayed, shall be made on the
soonest date permissible without triggering the additional tax due under Code
Section 409A;

(iv)          subject to Paragraph 3(c), the
accelerated vesting of each stock option or unit option, phantom unit,
restricted stock or restricted unit, or other equity incentive award granted
under the Equity Plans (or portion thereof) that would have otherwise vested
solely upon the Executive remaining in the continuous employment of the Company
for a period of twelve (12) months after the date of termination, and

(v)
          payment of all premiums for
properly elected group health plan continuation coverage for Executive and his
or her spouse and dependents pursuant to the Consolidated Omnibus Budget
Reconciliation Act of 1985 (“COBRA”) for the lesser of (A) the number of
months of Base Salary to be paid to Executive under subparagraph (iii)(A),
above, or (B) the duration of such COBRA coverage.  All such premiums shall be paid on the first
day of the month.  In addition, in the
event that payment of such premiums is taxable to executive, the Company shall
pay to Executive an amount, as and when such premiums are paid, such that after
taking into account all taxes due on the premiums and on the additional
payment, the Executive will be in the same economic position as he would have
been in had such premiums been non-taxable.

The
Company shall be obligated to make the foregoing payments and to provide the
foregoing benefits upon the Executive (or, if applicable, the Executive’s legal
representative) and the Company signing a mutual release (the “Release”)
of all claims (including claims by, on behalf of, or against the Partnership,
any Affiliates of the Partnership or the Company, and their respective
directors, agents, employees, and assigns) in a form provided by the Company,
which release shall, if applicable, give the Executive appropriate
notifications under the Age Discrimination in Employment Act, as amended by the
Older Workers Benefit Protection Act, and which shall not affect (x) rights
under COBRA and (y) conversion rights under any applicable life insurance
policies.

b.             Termination for Cause: 
If the Executive’s employment is terminated by the Company for Cause,
the Term shall terminate without further obligations to the Executive 

 

under this Agreement
after the date of such termination, other than for (i) payment of the Accrued
Obligations, and (ii) the payments and benefits provided in Paragraph 5(h).

c.             Other than Death or Disability or Cause:  If the Company terminates the Executive’s
employment during the Term for any reason other than Death, Disability, or
Cause, the Term shall end on the date of such termination and the Executive
shall, upon signing of a Release, be entitled to the payments, benefits and
other compensation provided above in Paragraph 5(a).

d.             Voluntary Termination by Executive:  If the Executive terminates his or her
employment without Good Reason, as defined below, the Term shall end and the
Company shall provide to Executive:

(i)            the Accrued Obligations

(ii)           the payments and benefits provided in
Paragraph 5(h)

(iii)          if the Executive’s total, aggregate
term of employment with the Company (notwithstanding any breaks in service)
exceeds one (1) year, then upon signing a Release, the Executive shall also
receive:

(A)          a lump sum payment equal to three (3)
months (six (6) months in the case of the CEO) of the Executive’s then current
Base Salary, which amount shall be paid within ten (10) days of termination or,
if the payment, or any portion thereof, must be delayed to comply with Code
Section 409A because the individual is a “specified employee” as defined in
Code Section 409A(a)(2)(B)(i), the payment, or the portion so delayed, shall be
made on the soonest date permissible without triggering the additional tax due
under Code Section 409A;

(B)           payment of all premiums for properly
elected COBRA coverage for Executive and his or her spouse and dependents for
the lesser of (A) the number of months of Base Salary to be paid to Executive
under subsection (d)(iii)(A), above, or (B) the duration of such COBRA
coverage.

e.             Termination by Executive for Good Reason:

(i)            In General.  If the Executive terminates his or her
employment for Good Reason, as defined below, the Term shall terminate on the
date of such termination and the Executive shall, upon signing a Release, be
entitled to the payments, benefits and other compensation provided above in
Paragraph 5(a).

(ii)           “Good Reason”.  For purposes of this Agreement, the Executive’s
termination of employment with the Company shall be on account of “Good Reason”
if it occurs 

 

for any of the
following reasons:  (A) any failure by
the Company to comply with any of the provisions of Paragraph 3 of this
Agreement, including but not limited to the failure by the Company to pay to
the Executive any portion of his or her compensation in violation of the
provisions of Paragraph 3, other than an isolated, insubstantial and
inadvertent failure not occurring in bad faith and which is remedied by the
Company promptly after receipt of notice thereof given by the Executive; (B) a
material diminution in Base Salary or bonus opportunity not related to
performance or market conditions, other than which is remedied by the Company
within thirty (30) days after receipt of notice thereof given by the Executive;
(C) a material diminution in responsibility or authority other than which is
remedied by the Company within thirty (30) days after receipt of notice thereof
given by the Executive; (D) the forced relocation of Executive’s principal
place of employment to a location more than 50 miles from the Executive’s
then-current principal place of employment; or (E) the occurrence of a Change
of Control, provided that Executive voluntarily terminates his or her
employment within  twelve (12)
months of the Change of Control.

f.              Expiration of Term. 
In the event that the Term expires following the giving of notice of
non-renewal pursuant to Paragraph 2, above, then (i) if such notice was given
by the Company, the termination shall be deemed to be for “Other than Death or
Disability or Cause” and Executive shall, upon signing a Release, be entitled
to the payments, benefits, and other compensation provided in Paragraph 5(a)
above, and (ii) if such notice was given by the Executive, the termination
shall be deemed a “Voluntary Termination by Executive” and Executive shall,
upon signing a Release, be entitled to the payments, benefits, and other
compensation provided in Paragraph 5(d) above.

g.             General
Partner Membership Interest:

(i)            Limited Application.  The provisions of Paragraph 5(g)(ii) below
shall apply solely in the event that the Company and the Partnership announce
formally to the public (whether through a press release or the filing of a
current report on Form 8-K) that they no longer intend to pursue the proposed
acquisition/business combination/restructuring transaction that was announced
formally to the public on February 21, 2007.

(ii)           Repurchase of General Partner
Membership Interest. Executive is hereby granted the option to elect at any
time, by written notice to the Company, to cause the Company to purchase all,
but not less than all of Executive’s Class B membership interest in MarkWest
Energy GP, L.L.C. at the price established pursuant to the formula set forth in
the GP LLC Agreement as of the delivery date of Executive’s election notice (“Election
Date”). If the Executive makes such election, the Company shall purchase
the Executive’s Class B membership interest within thirty (30) days following
the Election Date, such purchase price to be paid, at Company’s election,
either (i) in full in cash by wire transfer of immediately available funds; or
(ii) by a combination of cash and of common units of the Partnership, with a
value for the common units as of the Election Date based on the closing price
of the Partnership’s common units for the twenty trading days preceding the
Election Date, with the combination of cash and Partnership common units being
equal to the price established pursuant to the formula set forth in the GP LLC
Agreement, provided that the value of the Partnership common units cannot

 

 

comprise more than 50% of
the purchase price established pursuant to the formula set forth in the GP LLC
Agreement.

h.             Exclusive Remedy:  Except for the payments and benefits provided
in this Paragraph 5, and under Paragraph 3(c), the Executive acknowledges and
agrees that upon termination of the Term, he shall have no other claims
against, and shall be entitled to no other payments or benefits from the
Company under this Agreement or pursuant to the Company’s policies and plans,
other than (A) the Executive’s rights under COBRA, (B) any conversion rights
under any applicable life insurance policies, (C) payment of any amounts due
pursuant to the terms of any equity-based plan of the Company or any welfare or
retirement plan of the Company as of the date of termination or which by their
specific terms extend beyond such date of termination, and (D) rights with
respect to D&O Insurance and/or the Indemnification Provisions.  The Executive and the Company have agreed
that Executive will not participate in either the MarkWest Hydrocarbon Inc.
1997 Severance Plan or the MarkWest Hydrocarbon, Inc. 2007 Severance Plan.  In lieu of participation in such Severance
Plans, the parties have agreed that the Executive will receive certain other
payments and benefits as set forth in this Agreement.  In no event shall the Executive be obligated
to seek other employment or take any other action by way of mitigation of the
amounts payable to the Executive under any of the provisions of this Agreement
and such amounts shall not be reduced whether or not the Executive obtains
other employment.

i.              Resignations:  On
and as of the date that the employment of the Executive by the Company shall
terminate for any reason, the Executive shall, if applicable, resign from his
or her position as a director and officer of the Company or the Partnership,
resign from all other positions he or she holds as a director, officer or
employee of any subsidiary or Affiliate of the Company or the Partnership, and
resign as a named fiduciary of any employee benefit plans sponsored by the
Company or the Partnership or their subsidiaries or Affiliates.

6.             280G
Provisions.

a.             Determination; Efficient Gross-Up:  If it is determined that any payment or
benefit provided to or for the benefit of the Executive (a “Payment”),
whether paid or payable or distributed or distributable pursuant to the terms
of this Agreement or otherwise, would be subject to the excise tax imposed by
Code section 4999 or any interest or penalties with respect to such excise tax
(such excise tax together with any such interest and penalties, shall be
referred to as the “Excise Tax”), then a calculation shall first be made
under which such payments or benefits provided to the Executive are reduced to
the extent necessary so that no portion thereof shall be subject to the Excise
Tax (the “4999 Limit”).  The Company
shall then compare (a) the Executive’s Net After-Tax Benefit (as defined below)
assuming application of the 4999 Limit with (b) the Executive’s Net After-Tax
Benefit without application of the 4999 Limit. 
“Net After-Tax Benefit” shall mean the sum of (i) all payments that
Executive receives or is entitled to receive that are contingent on a change in
the ownership or effective control of the Company or in the ownership of a
substantial portion of the assets of the Company within the meaning of Code
section 280G(b)(2), less (ii) the amount of federal, state, local, employment,
and Excise Tax (if any) imposed with respect to such payments.  In the event (a) is greater than (b), Executive
shall receive Payments solely up to the 4999 Limit and Executive shall choose
which 

 

payments shall be
reduced and the amount of the reduction of each payment.  In the event (b) is greater than (a), then
the Executive shall be entitled to receive all such Payments along with an
additional payment (a “Gross-Up Payment”) in an amount such that
after payment by the Executive of all taxes (including any interest or
penalties imposed with respect to such taxes), including, without limitation,
any income taxes (and any interest and penalties imposed with respect thereto)
and Excise Tax imposed upon the Gross-Up Payment, the Executive retains
an amount of the Gross-Up Payment equal to the Excise Tax imposed upon
the Payments.

b.             Calculations:  All
determinations required under this Paragraph 6, including the determination of
whether a Payment is subject to the Excise Tax or the amount of any required
Gross-Up Payment, shall be made by tax counsel, a nationally recognized
certified public accounting firm not serving as auditor for the Company, or
another tax professional with experience in such calculations, as selected by
the Company and reasonably acceptable to the Executive (the “Tax
Professional”).  The Tax Professional
shall provide detailed supporting calculations for its determinations both to
the Company and the Executive within fifteen days of receipt of any Payment, or
such sooner period as may be requested by the Company.  All costs relating to the Tax Professional
shall be borne exclusively by the Company. 
Subject to Paragraph 6(d), below, any determination by the Tax
Professional shall be binding upon the Company and the Executive.

c.             Payment of Gross-Up: 
Any Gross-Up Payment, as determined pursuant to this
Paragraph 6, shall be paid by the Company to the Executive within five
business days of the receipt of the Tax Professional’s determination, but in no
event later than the end of Executive’s taxable year next following the taxable
year in which the original Excise Tax on the Payments is remitted to the
Internal Revenue Service.  As a result of
the uncertainty in the application of Section 4999 of the Code at the time
of the initial determination by the Tax Professional hereunder, it is possible
that a Gross-Up Payment which will not have been made by the Company
should have been made (“Underpayment”). 
In the event that the Company exhausts its remedies pursuant to
Paragraph 6(d) and the Executive thereafter is required to make a payment
of any Excise Tax, the Tax Professional shall determine the amount of the
Underpayment that has occurred and any such Underpayment shall be promptly paid
by the Company to or for the benefit of the Executive, but in no event shall
such payment be made later than the end of Executive’s tax year following the
tax year in which the Excise Tax is remitted to the Internal Revenue Service.

d.             Tax Controversy: 
The Executive shall notify the Company in writing of any claim by the
Internal Revenue Service that, if successful, would require the payment by the
Company of an Underpayment.  Such
notification shall be given as soon as practicable but no later than ten
business days after the Executive is informed in writing of such claim and
shall apprise the Company of the nature of such claim and the date on which
such claim is requested to be paid.  The
Executive shall not pay such claim prior to the expiration of the thirty-day
period following the date on which it gives such notice to the Company (or such
shorter period ending on the date that any payment of taxes with respect to
such claim is due).  If the Company
notifies the Executive in writing prior to the expiration of such period that
it desires to contest such claim, the Executive shall:

 

(i)            give the Company any information
reasonably requested by the Company relating to such claim,

(ii)           take such action in connection with
contesting such claim as the Company shall reasonably request in writing from
time to time, including, without limitation, accepting legal representation
with respect to such claim by an attorney reasonably selected by the Company,

(iii)          cooperate with the Company in good
faith in order effectively to contest such claim, and

(iv)          permit the Company to participate in
any proceedings relating to such claim;

provided, however,
that the Company shall bear and pay directly all costs and expenses (including
additional interest and penalties) incurred in connection with such contest and
shall indemnify and hold the Executive harmless, on an after-tax basis,
for any Excise Tax or income tax (including interest and penalties with respect
thereto) imposed as a result of such representation and payment of costs and
expenses.  Without limitation on the
foregoing provisions of this Paragraph 6(d), the Company shall control all
proceedings taken in connection with such contest and, at its sole option, may
pursue or forgo any and all administrative appeals, proceedings, hearings and
conferences with the taxing authority in respect of such claim and may, at its
sole option, either direct the Executive to pay the tax claimed and sue for a
refund or to contest the claim in any permissible manner, and the Executive
agrees to prosecute such contest to a determination before any administrative
tribunal, in a court of initial jurisdiction and in one or more appellate
courts, as the Company shall determine; provided, however, that if the Company
directs the Executive to pay such claim and sue for a refund, the Company shall
advance the amount of such payment to the Executive, on an interest-free
basis and shall indemnify and hold the Executive harmless, on an after-tax
basis, from any Excise Tax or income tax (including interest or penalties with
respect thereto) imposed with respect to such advance or with respect to any
imputed income with respect to such advance; and further provided that any
extension of the statute of limitations relating to payment of taxes for the
taxable year of the Executive with respect to which such contested amount is
claimed to be due is limited solely to such contested amount.  Furthermore, the Company’s control of the
contest shall be limited to issues with respect to which a Gross-Up
Payment would be payable hereunder and the Executive shall be entitled to
settle or contest, as the case may be, any other issue raised by the Internal
Revenue Service or any other taxing authority.

e.             Refunds; Etc.: If, after the receipt by the Executive of
an amount advanced by the Company pursuant to Section 6(d), the Executive
becomes entitled to receive any refund with respect to such claim, the
Executive shall (subject to the Company’s complying with the requirements of
Section 6(d)) promptly pay to the Company the amount of such refund
(together with any interest paid or credited thereon after taxes applicable
thereto).  If, after the receipt by the
Executive of an amount advanced by the Company pursuant to Section 6(d), a
determination is made that the Executive shall not be entitled to any refund
with respect to such claim and the Company does not notify the Executive in
writing of its intent to contest such 

 

denial of refund
prior to the expiration of thirty days after such determination, then such
advance shall be forgiven and shall not be required to be repaid and the amount
of such advance shall offset, to the extent thereof, the amount of Underpayment
required to be paid.

7.             CONFIDENTIAL INFORMATION; NON-COMPETITION, NON-SOLICITATION:

a.             Confidential
Information:  Except as
permitted or directed by the Board, during the Term or at any time thereafter,
Executive shall not divulge, furnish, make accessible to anyone, lay claim to,
attempt to lay claim to or use, or attempt to use, in any way (other than in
the ordinary course of the business of the Company) any confidential or secret
knowledge or information of the Company, the Partnership, or their respective Affiliates
(collectively the “MarkWest Parties”) that Executive has acquired or
become acquainted with or will acquire or become acquainted with during the
period of Executive’s employment by the Company, whether developed by himself
or by others, concerning any pricing information, trade secrets, confidential
or secret plans or material (whether or not patented or patentable) directly or
indirectly useful in any aspect of the business of the MarkWest Parties, any
customer or dealer lists of the MarkWest Parties, any confidential or secret
development of the MarkWest Parties, or any other confidential information or
secret aspects of the business of the MarkWest Parties (collectively, “Confidential
Information”).  Executive
acknowledges that the Confidential Information constitutes a unique and
valuable asset of the MarkWest Parties and represents a substantial investment
of time and expense by the MarkWest Parties, and that any disclosure or other
use of the Confidential Information other than for the sole benefit of the
MarkWest Parties would be wrongful and would cause irreparable harm to the
MarkWest Parties.  Both during and after
the Term, Executive shall refrain from any acts or omissions that would reduce
the value of the Confidential Information. 
The foregoing obligations of confidentiality shall not apply to any
knowledge or information that is now published or that subsequently becomes
generally publicly known in the form in which it was obtained from the MarkWest
Parties, other than as a direct or indirect result of the breach of this
Agreement by Executive; is lawfully obtained by Executive from a third party,
provided that Recipient did not have actual knowledge that such third party was
restricted or prohibited from disclosing such information to Executive; or was
independently developed by Executive, without use of any information obtained
from Company.  At the time of the
termination of Executive’s employment, or at such other time as the Company may
request, Employee shall return all memoranda, notes, plans, records, computer
tapes and software and other documents and data (and copies thereof) relating
to Confidential Information that Executive may then possess or have under his
or her control.

b.             Non-competition;
Non-solicitation: 
Executive understands and agrees that, in addition to Employee’s
exposure to Confidential Information, Executive may, in his or her capacity as
an employee, at times meet with the MarkWest Parties’ current or prospective
customers, suppliers, partners, licensees or other business relations
(collectively, “Business Relations”) on behalf of the MarkWest Parties,
and that, as a consequence of using or associating himself with the MarkWest
Parties’ name, goodwill, and professional reputation, Executive’s employment
shall place him or her in a position where Executive can develop personal and
professional relationships with the MarkWest Parties’ current and prospective
customers.  Executive further
acknowledges that, during the course and as a result of Executive’s 

 

employment, Executive has been or may be provided
certain specialized training or know-how. 
Executive understands and agrees that this goodwill and reputation, as
well as Executive’s knowledge of Confidential Information and specialized
training and know-how, could be used unfairly in competition against the
MarkWest Parties.  Accordingly, in
consideration of the employment of Executive by the Company pursuant to this
Agreement, Employee agrees that:

(i)            during the time period commencing on
the date hereof and terminating six (6) months after the end of the Term,
Executive shall not directly or indirectly, individually or collectively in
conjunction with others, engage in activities that compete with the business
that the MarkWest Parties is engaged in at the time of the termination of
Executive’s employment in whatever geographic regions the MarkWest Parties
engages in such business at such time (currently natural gas and refinery
off-gas gathering and transportation, natural gas and refinery off-gas
processing, off-gas and NGL fractionation, NGL, natural gas and derived
products marketing, and related services, conducted in the southern Appalachian
region of Kentucky, West Virginia, and southern Ohio, in the southwest and
mid-continent regions of Oklahoma, Texas, Louisiana, Mississippi, and New
Mexico, on the Gulf Coast, and in western Colorado/eastern Utah area); or

(ii)           during the time period commencing on
the date hereof and terminating eighteen (18) months after the end of the Term,
Executive shall not directly or indirectly through another entity or person (i)
induce or attempt to induce any employee of the MarkWest Parties to leave the
employ of the MarkWest Parties, (ii) solicit to hire any person who was
employed by the MarkWest Parties at any time during the one-year period
immediately preceding the termination of Executive’s employment with the
MarkWest Parties, or (iii) induce or attempt to induce any current or
prospective Business Relation of the MarkWest Parties (including, without
limitation, any business entity that the MarkWest Parties have contacted in
order to make a proposal to enter into a business relationship) to withdraw,
curtail or cease doing business with the MarkWest Parties; provided,
however, that Executive shall not be in breach of this paragraph in
the event that any entity with whom Executive is employed or otherwise
affiliated solicits or hires any person so long as Executive is not consulted
concerning or otherwise involved, directly or indirectly, in such solicitation
and/or hiring (except for involvement in a general administrative or other
perfunctory manner), nor shall Executive be in breach of this paragraph in the
event that any person applies for or inquires concerning employment in response
to any advertisement or other job posting directed to the public in general, so
long as Executive is not consulted concerning or otherwise involved, directly
or indirectly, in any aspect of the recruitment, evaluation or hiring of the
person(s) in question (except for involvement in a general administrative or
other perfunctory manner).

Executive acknowledges
that as an executive of a public company he falls within the exception to C.R.S
8-2-113(2)(d), which exempts executive and management personnel and officers
from the prohibitions of non-compete provisions.  Executive further agrees, during the  period for which Executive has continuing
obligations under this Paragraph 7(b), to inform any new employer or other person
or entity with whom Executive enters into a business relationship, before
accepting employment or entering into a business relationship, of the existence
of this Agreement and give such employer, person other entity a copy of this
Paragraph 7(b).

 

c.             Third-Party
Beneficiaries:  It is the
express intent of the parties that the provisions of this Paragraph 7 may be
enforced by any of the MarkWest Parties, and that the protections afforded
herein shall inure to such MarkWest Parties as intended third-party
beneficiaries.

d.             Severability:  To the extent that any provision of this Paragraph
shall be determined to be invalid or unenforceable, the invalid or
unenforceable portion of such provision shall be deleted from this Agreement,
and the validity and enforceability of the remainder of such provision and of
this Paragraph shall be unaffected. In furtherance of and not in limitation of
the foregoing, it is expressly agreed that, should the duration of or
geographical extent of, or business activities covered by, the noncompetition
and non-solicitation agreements contained in Paragraph 7(b) be determined to be
in excess of that which is valid or enforceable under applicable law, then such
provision shall be construed to cover only that duration, extent, or those
activities which may validly or enforceably be covered. Executive acknowledges
the uncertainty of the law in this respect and expressly stipulates that this
Paragraph shall be construed in a manner which renders its provisions valid and
enforceable to the maximum extent (not exceeding its express terms) possible
under applicable law.

e.             Injunctive Relief:  Executive agrees that it would be difficult
to compensate the MarkWest Parties fully for damages for any violation of the
provisions of this Paragraph 7. 
Accordingly, Executive specifically agrees that the MarkWest Parties shall
be entitled to temporary and permanent injunctive relief to enforce the
provisions of this Paragraph and that such relief may be granted without the
necessity of proving actual damages. 
This provision with respect to injunctive relief shall not, however,
diminish the right of the MarkWest Parties to claim and recover damages in
addition to injunctive relief.

8.             SUCCESSORSHIP:  This
Agreement shall inure to the benefit of and be binding upon the Company and its
successors and permitted assigns and any such successor or permitted assignee
shall be deemed substituted for the Company under the terms of this Agreement
for all purposes.  As used herein, “successor”
and “assignee” shall be limited to any person, firm, corporation, or other
business entity which at any time, whether by purchase, merger, reorganization,
or otherwise, directly or indirectly acquires the stock of the Company or to
which the Company assigns this Agreement by operation of law or otherwise in
connection with any sale of all or substantially all of the assets of the
Company, provided that any successor or permitted assignee promptly
assumes in a writing delivered to the Executive this Agreement and, in no
event, shall any such succession or assignment release the Company from its
obligations thereunder.  The Company will
require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company to assume expressly and agree to perform this Agreement
in the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place.  As used in this Agreement, “Company” shall
mean the Company as herein before defined and any successor to its business
and/or assets as aforesaid which assumes and agrees to perform this Agreement
by operation of law or otherwise.

9.             DISPUTE RESOLUTION: 
Any claim arising out of or in any way relating to this Agreement or the
termination thereof shall be initiated in the federal or state courts for 

 

Denver, Colorado
and both Executive and the Company (and the MarkWest Parties, as applicable)
hereby submit to the jurisdiction of such courts.  Each party shall be responsible for the
payment of its own attorneys’ fees; provided, however, that, the Company
shall reimburse the Executive for all reasonable legal fees incurred by
Executive for any claim arising out of or in any way relating to events
occurring on and after a Change in Control, except any such claim initiated by
Executive that is found to be frivolous or vexatious.

10.           GOVERNING
LAW:  The provisions of
this Agreement shall be construed in accordance with, and governed by, the laws
of the State of Colorado without regard to principles of conflict of laws.

11.           SAVINGS
CLAUSE:  If any provision
of this Agreement or the application thereof is held invalid, the invalidity
shall not affect other provisions or applications of the Agreement which can be
given effect without the invalid provisions or applications and to this end the
provisions of this Agreement are declared to be severable.

12.           WAIVER
OF BREACH:  No waiver of
any breach of any term or provision of this Agreement shall be construed to be,
nor shall be, a waiver of any other breach of this Agreement.  No waiver shall be binding unless in writing
and signed by the party waiving the breach.

13.           MODIFICATION:  No provision of this Agreement may be
amended, modified, or waived except by written agreement signed by the parties
hereto.

14.           ASSIGNMENT
OF AGREEMENT:  The
Executive acknowledges that Executive’s services are unique and personal.  Accordingly, the Executive may not assign
Executive’s rights or delegate Executive’s duties or obligations under this
Agreement to any person or entity; provided, however, that payments
may be made to the Executive’s estate or beneficiaries as expressly set forth
herein.

15.           ENTIRE
AGREEMENT:  This Agreement
is an integrated document and constitutes and contains the complete
understanding and agreement of the parties with respect to the subject matter
addressed herein, and supersedes and replaces all prior negotiations and
agreements, whether written or oral, concerning the subject matter hereof.

16.           CONSTRUCTION:  Each party has cooperated in the drafting and
preparation of this Agreement.  Hence, in
any construction to be made of this Agreement, the same shall not be construed
against any party on the basis that the party was the drafter.  The captions of this Agreement are not part
of the provisions and shall have no force or effect.

 

17.           NOTICES:  Notices and all other communications provided
for in this Agreement shall be in writing and shall be delivered personally or
sent by registered or certified mail, return receipt requested, postage
prepaid, or sent by facsimile or prepaid overnight courier to the parties at
the addresses set forth below (or at such other addresses as shall be specified
by the parties by like notice).  Such
notices, demands, claims, and other communications shall be deemed given:

a.             in the case of delivery by
overnight service with guaranteed next day delivery, such next day or the day
designated for delivery;

b.             in the case of certified or
registered United States mail, five days after deposit in the United States
mail; or

c.             in the case of facsimile, the date
upon which the transmitting party received confirmation of receipt by
facsimile, telephone, or otherwise; and

d.             in the case of personal delivery,
when received.

Communications
that are to be delivered by the United States mail or by overnight service are
to be delivered to the addresses set forth below:

(i)            To the Company:

                MarkWest Hydrocarbon, Inc.

                Attn:  General Counsel

                1515 Arapahoe Street, Tower 2,
Suite 700

                Denver, CO  80202

(ii)           To the Executive:

                Frank M. Semple

                [                     ]

                [                     ]

Each party, by
written notice furnished to the other party, may modify the acceptable delivery
address, except that notice of change of address shall be effective only upon
receipt.  In the event that the Company
is aware that the Executive is not at the location when notice is being given,
notice shall be deemed given when received by the Executive, whether at the
aforementioned location or at another location.

18.           TAX
WITHHOLDING:  The Company
may withhold from any amounts payable under this Agreement such federal, state,
or local taxes as shall be required to be withheld pursuant to any applicable
law or regulation.

19.           REPRESENTATION:  The Executive represents that he is
knowledgeable and sophisticated as to business matters, including the subject
matter of this Agreement, that he has 

 

read this
Agreement and that he understands its terms. 
The Executive acknowledges that, prior to assenting to the terms of this
Agreement, he has been given a reasonable time to review it, to consult with
counsel of Executive’s choice, and to negotiate at arm’s-length with the
Company as to its contents.  The
Executive and the Company agree that the language used in this Agreement is the
language chosen by the parties to express their mutual intent, and that they
have entered into this Agreement freely and voluntarily and without pressure or
coercion from anyone.

20.           409A
SAVINGS CLAUSE:  It is the
intention of the parties that payments or benefits payable under this Agreement
not be subject to the additional tax imposed pursuant to Section 409A of the
Code, and the provisions of this Agreement shall be construed and administered
in accordance with such intent. To the extent such potential payments or
benefits could become subject to Code Section 409A, the parties shall cooperate
to amend this Agreement with the goal of giving Executive the economic benefits
described herein in a manner that does not result in such tax being
imposed.  If the parties are
unable to agree on a mutually acceptable amendment, the Company may, without
the Executive’s consent and in such manner as it deems appropriate or
desirable, amend or modify this Agreement or delay the payment of any amounts
hereunder to the minimum extent necessary to meet the requirements of Code Section
409A.

IN WITNESS
WHEREOF, the Company and the Executive, intending to be legally bound, have
executed this Agreement on the day and year first above written.

	
  

  	
   

  	
  MARKWEST HYDROCARBON, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ NANCY K. BUESE

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Nancy K. Buese

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Senior Vice President and Chief

  
	
   

  	
   

  	
   

  	
   

  	
  Financial Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EXECUTIVE

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Frank M. Semple

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]