Document:

Exhibit 10.7

Exhibit 10.7

AGREEMENT AND PLAN OF REORGANIZATION

            This Agreement and Plan of Reorganization is dated March 30, 2005, between Riverbend Telecom, Inc., a Nevada corporation (“Parent”), and
Riverbend Holdings, Inc., a Colorado corporation (“Subsidiary”).

            WHEREAS, Parent is a telecommunications company engaged primarily in the marketing of telecommunication services for resellers and carriers of local and long
distance telephone and prepaid calling card, data and internet services.  A current listing of its contracts and a description of the assets related to such business is attached hereto as Exhibit A; and

            WHEREAS, Parent desires to separate its telecommunications operations from the remaining assets of the Parent by transferring that portion of its business and
assets to the Subsidiary in accordance with the terms of this Agreement;

            WHEREAS, Parent holds 100 shares of Common Stock in Subsidiary, and is the sole shareholder of Subsidiary;

            WHEREAS, following the transfer of assets to Subsidiary, it is anticipated that Parent will distribute its stock in Subsidiary to Parent's shareholders, and
immediately following such distribution, Parent will, pursuant to a Contribution Agreement dated July 14, 2004 (the "Contribution Agreement"), acquire control of United Check Services, L.L.C. ("United");

            WHEREAS, the Parent, in order to induce the members of United to enter into the Contribution Agreement has agreed to cause Subsidiary to assume all liabilities
and obligations of Parent and any and all tax liabilities arising from the transfer of assets to Subsidiary and the subsequent distribution of the stock in Subsidiary pursuant to this Agreement and Plan of Reorganization.  Subsidiary, in consideration of the
transfer of the assets described herein has agreed to assume such liabilities and indemnify Parent therefrom;

            NOW THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

            1.         Transfer of Assets.  On the date of this Agreement and Plan of Reorganization, the Parent will
convey, assign and transfer to the Subsidiary any and all assets of Parent including all assets from Parent's telecommunications operations, accounts receivables, trade names, rights, claims and interests (the "Assets").  Without limitation, said assets shall
include those assets described in Exhibit A.  Notwithstanding the foregoing, Parent shall not transfer to Subsidiary those assets described on Exhibit B (the "Excluded Assets").

            2.         Consideration.  In consideration of the transfer of the Assets, the Subsidiary hereby agrees (i)
to assume, pay and perform any and all debts, liabilities, leases, licenses, contracts and obligations of  Parent  which have been incurred on or before the closing of the Contribution Agreement (the "Contribution Closing"), including, without limitation
those described on Exhibit C attached hereto (the "Assumed Liabilities and Obligations"; (ii) to assume and agree to pay any and all tax liabilities as described in Section 7, and to issue 2,046,567 shares of Common Stock of Subsidiary to
Parent.

            3.         Distribution of Subsidiary Stock. Upon completion of the transfer of Assets and assumption of the
Assumed Liabilities and Obligations as described in Paragraphs 1 and 2 above, Parent will distribute all of its stock in the Subsidiary to the then holders of Parent’s Common Stock with the shareholders of the Parent to receive one share of Common Stock of the
Subsidiary for each share of Common Stock of the Parent it holds (the "Spin-Off"); provided, that the shares of Common Stock of the Subsidiary shall be subject to federal and state securities law restrictions. Accordingly, all shares will be “restricted”
shares and may only be sold pursuant to Rule 144 of the Securities Act of 1933 or other available exemption from registration or pursuant to an effective registration statement. The Subsidiary consents to such distribution and transfer of stock to Parent's
shareholders and upon surrender of the certificate representing such stock together with stock assignments assigning such stock to the shareholders of Parent, the Subsidiary will issue "restricted" shares to the shareholders of Parent for the number of shares
transferred to such respective shareholders.

            4.         Closing. The Spin-Off Closing will be at 10:00 A.M. on March 30, 2005 at the offices of
Berenbaum Weinshienk, & Eason, P.C. or such other time and place mutually agreed to by the parties hereto. At the Closing, the following deliveries shall take place:

	
                    

	
(a)     

	
the Parent will deliver to the Subsidiary a Bill of Sale and Assignment assigning the Assets to the Subsidiary;

	
 

		
		
(b)     

	
the Parent will execute and deliver to the Subsidiary specific assignments of certain Assets for which a separate assignment is required or desirable;

	
 

		
		
(c)     

	
the Parent will deliver to the Subsidiary the amount of the cash being transferred to the Subsidiary as a part of the Assets;

	
 

		
	
 

	
(d)     

	
the Parent will deliver to the Subsidiary physical possession of the tangible Assets;

	
 

		
	
 

	
(e)     

	
the Subsidiary will deliver to the Parent a stock certificate for 2,046,567 shares of Common Stock of the Subsidiary;

	
 

		
	
 

	
(f)     

	
the Subsidiary will execute and deliver to the Parent an Assumption Agreement whereby the Subsidiary assumes and agrees to pay and perform all Assumed Liabilities and Obligations;

	
 

		
	
 

	
(g)     

	
the Parent will distribute the stock in the Subsidiary to the Parent's shareholders, on a share for share basis.

            5.         Representations and Warranties of Parent. The Parent hereby represents and warrants to the Subsidiary
as set forth below:

	
                    

	
(a)     

	
Corporate Status. The Parent is duly incorporated under the laws of the State of Nevada and is in good standing under the laws of such State. Parent has taken all requisite corporation action to
authorize the transactions provided for herein.

	
 

		
		
(b)     

	
Enforceability.  This Agreement and all other agreements entered into pursuant hereto shall be fully enforceable against Parent subject to the availability of equitable remedies.

	
 

		
		
(c)     

	
Encumbrances. Upon the consummation of such transactions, title to the Assets shall be transferred to the Subsidiary, subject to any and all liens, claims and defects of title.

	
 

		
	
 

	
(d)     

	
Accounts Receivable. All accounts receivable of Parent are being assigned to Subsidiary without recourse.  Parent makes no representation as to the collectability of any account
receivable.

	
                    

	
(e)     

	
Inventory.  All inventory of Parent shown on Exhibit A shall be assigned to Subsidiary, "As Is."  Parent makes no representation as to the condition or value of such
inventory.

	
 

		
		
(f)     

	
Equipment. All equipment of Parent shown on Exhibit A shall be conveyed to Subsidiary, "As Is."  Parent makes no representation as to the condition or value of such
equipment.

	
 

		
		
(g)     

	
Real Property.  To the extent that the Assets include real property and improvements thereon or leasehold interests, Parent shall convey such real property and improvements by quit claim deed
or assignment without warranties.  Parent shall convey such property "As Is" and makes no representation or warranty as to the condition or value of such real property, improvements, or interests.

	
 

		
	
 

	
(h)     

	
Title to Assets. Parent shall assign and convey title to the Assets "As Is” and Parent makes no representation or warranty as to the status of Parent's title to the Assets or the amount of or
existence of any liens encumbering such Assets.

            6.         Representations and Warranties of Subsidiary. The Subsidiary represents and warrants to the Parent as
follows:

	
                    

	
(a)     

	
Entity Status. The Subsidiary is a corporation duly formed and existing in good standing under the laws of the State of Colorado.

	
 

		
		
(b)     

	
Enforceability.  All transactions provided for herein and all obligations of the Subsidiary have been duly authorized by all requisite legal action, and all agreements entered into, including
the execution and consummation of this Agreement, will be valid and enforceable against the Subsidiary in accordance with their terms subject to the availability of equitable remedies.

	
 

		
		
(c)     

	
Assumed Liabilities and Obligations. The Subsidiary will assume, pay and perform all the Assumed Liabilities and Obligations as and when due, including completing all contracts and work in progress
which exist at the Spin-Off Closing.

	
 

		

	
                    

	
(d)     

	
Capitalization of Subsidiary. The Subsidiary will be capitalized with the authorized capitalization of 50,000,000 shares of Common Stock and 25,000,000 shares of Preferred Stock, of which 2,046,667
shares of Common Stock will be outstanding after consummation of the Spin-Off Closing.

	
 

		
	
 

	
(e)     

	
Subsidiary's Balance Sheet.  The Subsidiary's assets and liabilities immediately after Closing shall be as set forth in Exhibit D.

            7.         Taxes.  The Subsidiary shall be responsible for any taxes attributable to  the transactions
described herein  (including, without limitation, taxes attributable to the contribution of assets to Subsidiary by Parent, the assumption of liabilities of Parent by Subsidiary and the distribution of Subsidiary's Common Stock to Parent) To the extent permitted
under Section 381(a) of the Internal Revenue Code of 1986, as amended, Subsidiary shall succeed to and take into account certain tax attributes of Parent including, without limitation, Parent’s net operating loss carryovers from prior taxable years.

            8.         Post-Closing Covenants. Following Closing:

	
                    

	
(a)     

	
Parent and Subsidiary shall cooperate with respect to the corporate records relating to the telecommunications business, including billing records, tax records, accounting records and other materials which may be necessary for
future tax audits, other audits or other legal compliance matters. Each party will preserve and maintain such records as may be customary in the industry or consistent with government record retention policies. Each party will allow the other access to such records
and will cooperate in providing information and otherwise assist in responding to any legitimate business needs of the other; and

	
 

		
		
(b)     

	
Subsidiary shall:

	
 

		
			
(i)     

	
Cause final state and federal income tax returns to be prepared and filed for the Parent reflecting the income and loss of Parent for Parent’s short taxable year commencing prior to the Spin-Off Closing and ending on the
date of the Contribution Closing;

	
 

			
			
(ii)     

	
Cause a person who was an officer of Parent prior to the Contribution to sign such final income tax returns and other returns on behalf of Parent.

	
                    

	
     

		
				

	
                    

	
         

	
(iii)   

	
Determine the amount of any distributions for federal income tax purposes made to the shareholders of Parent during such short taxable year (including any distribution deemed to be made by Parent to its shareholders of the
value of its corporate charter).

	
 

			
			
(iv)     

	
Prepare and distribute to the shareholders of Parent forms 1099 and other required information returns reflecting the distributions and deemed distributions made to such shareholders for such short taxable year.

	
 

			
			
(v)     

	
Prepare and cause form 966 to be filed with the Internal Revenue Service in connection with any deemed dissolution of Parent resulting from the Contribution.

            9.         Miscellaneous.

	
                    

	
(a)     

	
Complete Agreement. This Agreement sets forth the entire Agreement of the parties hereto with respect to the subject matter hereof and all prior agreements and understandings are specifically
superseded.

	
 

		
		
(b)     

	
Survival of Agreement. This Agreement and all terms, warranties and provisions hereof will survive the Closing.

	
 

		
		
(c)     

	
Successors and Assigns. This Agreement will be binding upon the parties hereto and their respective successors and assigns.

	
 

		
	
 

	
(d)     

	
Arbitration. Any dispute arising in connection with this Agreement shall be resolved by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association as
then in effect. The arbitrators shall be instructed to award, in addition to damages or other remedies, attorneys fees and costs of arbitration in favor of the prevailing party.

	
 

		
	
 

	
(e)     

	
Specific Enforcement: Legal Fees. The parties acknowledge that a breach of the provisions of this Agreement is likely to result in irreparable and unreasonable harm to the other party, and that
injunctive relief, as well as damages, would be appropriate. In the event action is brought to enforce or construe any provisions of this Agreement, the prevailing party shall be entitled to collect reasonable attorneys fees and costs from the other party
hereto.

	
 

		
	
 

	
(f)     

	
Applicable Law. This Agreement shall be construed in accordance with the internal law of the State of Louisiana without giving effect to principles of conflicts of law. Any judicial action relating
to this Agreement shall be brought only in the state or federal courts located in the State of Louisiana and the parties hereby, consent to the exclusive jurisdiction and venue of such courts.

            IN WITNESS WHEREOF, this Agreement and Plan of Reorganization has been executed as of the date set forth above.

                                                                                   
RIVERBEND TELECOM, INC.,

                                                                                   
a Nevada corporation

                                                                                   
By:       /s/ Leon Nowalsky                  

                                                                                               
Leon Nowalsky, President

                                                                                   
RIVERBEND HOLDINGS, INC.,

                                                                                   
a Colorado corporation

                                                                                   
By:       /s/ Leon Nowalsky                  

                                                                                               
Leon Nowalsky, PresidentExhibit 10.8

Exhibit 10.8

EMPLOYMENT AGREEMENT

            THIS EMPLOYMENT AGREEMENT (“Agreement”) is dated March 30, 2005 (“Effective Date”), between Riverbend Telecom, Inc., a Nevada
corporation (“Company”), and Walter Reid Green, Jr. (“Employee”).

            WHEREAS, the Company has entered into a certain Contribution Agreement dated July 14, 2004 (the “Contribution Agreement”), among the Company,
Riverbend Holdings, Inc., a Colorado corporation, and all of the members of United Check Services, L.L.C., a Louisiana limited liability company (“United”).

            WHEREAS, in accordance with the Contribution Agreement, the Company and the Employee desire to enter into this Agreement immediately before the closing of the
transactions contemplated by the Contribution Agreement (the “Contribution Transaction”).

            NOW, THEREFORE, in consideration of the conditions and covenants contained herein, the parties agree as follows:

            1.         Employment.  Subject to the closing of the Contribution Transaction, the Company hereby employs
the Employee, and the Employee hereby accepts employment with the Company, under the terms and conditions set forth below.

            2.         Position and Duties.  The Company shall employ Employee as Chief Financial Officer.  The
Employee shall report and be responsible to the Board of Directors (“Board”) of the Company, and to the Chief Executive Officer of the Company.   The Employee shall perform such duties, and have such powers, authority, functions, duties and
responsibilities for the Company, as are commensurate and consistent with his employment in the position of treasurer and chief financial officer of a corporation and as are directed by the Board or Chief Executive Officer of the Company.  The Employee also
shall have such additional powers, authority, functions, duties and responsibilities as may be assigned to him by the Board or the Chief Executive Officer.

            3.         Extent of Service.  Employee shall devote his entire working time to the business and affairs of
the Company, shall exert his best efforts to promote the best interest of the Company, and will serve the Company loyally and faithfully.  Activity as a passive investor in, or outside director for, another business enterprise shall not be considered a violation
of this Section as long as such business enterprise is not competing or conducting business with the Company and as long as such activities do not adversely affect the performance of Employee’s duties for the Company.

            4.         Salary.  For so long as the Employee performs his obligations under this Agreement, the Company
will pay to the Employee for services rendered by him to the Company an annual base salary (“Salary”) payable in equal installments in accordance with the customary payroll practices of the Company at an annual rate of $75,000. 

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            5.         Employee Benefits. Employee will be entitled to participate in any health insurance, life insurance,
accident insurance, sick pay, vacation, 401(k) Plan, or other plan or benefits afforded by the Company to its employees generally, or its executive employees specifically, under the same terms and conditions as are offered to such employees.  Nothing in this
Agreement is intended or shall be construed to require the Company to institute any such plan or benefits.

            6.         Stock Options.  The Employee will be entitled to, and Company shall issue to Employee uponthe
consummation of the contribution of all membership interests in United Check Services, LLC to Company, an option to purchase 312,000 shares of common stock in the Company, at an exercise price of $0.03 per share, such options to be issued as non-qualified options,
and not intended to be issued pursuant to or in accordance with the terms of the Company’s 2001 Stock Option Plan, or any similar plan.

            7.         Non-Disclosure of Proprietary Information.  “Proprietary Information” shall mean any
and all methods, inventions, improvements or discoveries, whether or not patentable or copyrightable, and any other information of a similar nature that has been disclosed to, or discovered or originated by, the Employee or otherwise obtained by him as a consequence
of or through his relationship with the Company (whether before or after the date of this Agreement), and any other information of a secret, proprietary, confidential or generally undisclosed nature relating to the Company, its products, customers, processes and
services, including but not limited to, trade secrets, processes, products, formulae, apparatus, techniques, know-how, marketing and information relating to testing, research, development, manufacturing, marketing and selling, unless such information is in the public
domain other than through disclosure by the Employee.   The Employee agrees that the Company has exclusive property rights to all Proprietary Information and the Employee hereby assigns all rights he might otherwise possess in any Proprietary Information to
the Company.  Except as required in the performance of his duties to the Company, the Employee will not, at any time during or after the term of his relationship with the Company, directly or indirectly, use, communicate, disclose or otherwise disseminate any
Proprietary Information.

            8.         Term of Agreement.  Subject to the provisions for termination set forth below, the term of this
Agreement will commence on the Effective Date and will terminate one (1) year later (“Expiration Date”).  The Employee’s employment will terminate prior to the expiration of the term in the event of termination as provided below in Section
9.  After the Expiration Date, unless the parties enter into a new written agreement or a written renewal of this Agreement providing to the contrary, the Employee shall be considered an employee at will, and either party will be able to terminate the employment
relationship at any time, for any legal reason or no reason, with or without notice.

            9.         Termination.

            (a)        The Employee’s employment may be terminated if:

                        (i)         Employee dies;

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                        (ii)        Employee should be prevented because of
physical or mental disability from performing the essential functions and duties of his position;

                        (iii)       The Company elects to terminate
Employee’s employment for any reason other than as specified in clauses (i) and (ii) above and other than for Cause as defined below.  Should the Company terminate employment under this subsection (iii), the Company agrees to pay Employee as severance an
amount equal to the Employee’s Salary for an additional two months after the Termination Date as defined below in this subsection (“Severance Benefit”).  Should the Company elect to terminate Employee’s employment under this subsection,
the Company will give the Employee written notice of termination thirty (30) days before the anticipated date of termination (“Termination Date”), and the termination will be effective on the Termination Date unless the Company and the Employee agree in
writing to an earlier date.  The Severance Benefit will be payable at the same times and in the same periodic amounts that Salary would have been payable if Employee were still employed by the Company; or

                        (iv)       The Employee elects to terminate his
employment for any reason by giving written notice to the Company of termination thirty (30) days before the anticipated date of termination (“Termination Date”).  The termination will be effective on the Termination Date unless the Company and the
Employee agree in writing to an earlier date.

            (b)        Termination for Cause.  The Company may terminate the Employee’s employment for Cause, as
defined in this subsection.  For purposes of this document, the term “Cause” shall mean (i) any willful misconduct by the Employee that materially injures the Company; (ii) refusal to comply with the Company’s rules or policies or to
comply with a reasonable directive from the Board or authorized officer of the Company; (iii) any material breach of this Agreement by the Employee that is not cured by the Employee within thirty (30) days after receiving written notice thereof from the Company; (iv)
an act of dishonesty in the Employee’s relations with the Company or any of its directors, employees, or customers that materially injures the Company; (v) any act of larceny, embezzlement, conversion or similar act involving the misappropriation of Company
funds in the course of the Employee’s employment; (vi) a conviction of, or plea of not guilty or no contest to, any felony; or (vii) a failure to meet or maintain reasonable performance standards set by the Company, provided that the Employee has been notified
of such performance standards and been given a reasonable opportunity to meet them.   If the Company elects to terminate employment for Cause, the Company will give written notice to the Employee specifying the reasons, and the termination will be effective
immediately upon the Employee’s receipt of the written notice. 

            (c)        Effect of Termination.  Upon the occurrence of termination under this Section 9, Employee’s
employment will cease and, except as specifically provided for above in Section 9(a)(iii), Employee will have no right to any compensation except that earned through the date of termination.

            10.       Deductions.  The Employee authorizes the Company to make such deductions and withholding from his
compensation as are required by law or as the Company deducts or

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withholds for its employees generally, which deductions will include, without limitation, deductions for federal and state income taxes and social security.

            11.       Rights and Benefits Personal.  The rights and benefits of the Employee under this Agreement are personal to
him and no such rights or benefits will be subject to voluntary or involuntary assignment or transfer. 

            12.       Attorney Fees.  If any action at law or in equity is necessary to enforce or interpret the terms of this
Agreement, the prevailing party will be entitled to reasonable attorney fees, costs and disbursements in addition to any other relief to which it may be entitled. 

            13.       Severability.  Whenever there is any conflict between any provision of this Agreement and any statute, law,
regulation or judicial precedent, the latter will prevail, but in each such event the provisions of this Agreement thus affected will be curtailed and limited only to the extent necessary to bring them within the requirement of law.  If any part, section,
paragraph or clause of this Agreement is held by a court of proper jurisdiction to be indefinite, invalid or otherwise unenforceable, the entire Agreement will not fail on account thereof, but the balance of this Agreement will continue in full force and effect
unless such construction would be clearly contrary to the intention of the parties or would be unconscionable. 

            14.       Entire Agreement; Modification; Waiver.  This Agreement constitutes the entire Agreement between the
parties pertaining to the subject matter contained herein and supersedes all prior and contemporaneous agreements, representations and understandings of the parties.  No supplement, modification, or amendment of this Agreement will be binding unless executed in
writing by both parties.  No waiver of any of the provisions of this Agreement will be deemed to or will constitute a waiver of any other provisions, whether or not similar, nor will any waiver constitute a continuing waiver.  No waiver will be binding
unless executed in writing by the party making the waiver.

            15.       Notices.  All notices, requests, demands or other communications required or desired to be given hereunder
will be in writing and will be personally delivered or sent by registered or certified mail, with return receipt requested, to the following addresses:

	
Notice to the Company:

	
               

	
UNITED CHECK SERVICES, L.L.C.

		
               

	
15164 Dedeaux Road, Suite A

		
               

	
Gulfport, MS 39503

		
               

	
	
Notice to Employee:

	
               

	
WALTER REID GREEN, JR.

		
               

	
20222 Garland Street

		
               

	
Covington, LA 70435

            All notices will be deemed given upon the date of delivery in the case of personal delivery or the date of deposit in the mails in the case of a mailing. 
Either party may specify a different address for sending a notice to the other party. 

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            16.     Governing Law; Jurisdiction.  This Agreement will be construed in accordance with the laws of the State of Mississippi
without regard to its principles of conflicts of law.  The Employee consents to the exclusive jurisdiction and venue of the Mississippi state courts or the U.S. District Courts for the District of Mississippi in any judicial proceedings relating to this
Agreement.

            17.     Assignment; Permitted Successors.  This Agreement and any of the rights, interests or obligations hereunder may be
assigned by the Company by operation of law (including, by merger, consolidation, reorganization or liquidation) or otherwise, but may not be assigned by Employee.  This Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties,
and their respective successors and permitted assigns.

[The remainder of this page has been intentionally left blank.]

[Signature page to follow.]

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[Signature Page for Employment Agreement]

            IN WITNESS WHEREOF, this Employment Agreement has been executed as of the date set forth above by the parties below.

	
WALTER REID GREEN, JR.

   /s/  Walter Reid Green, Jr.                 

 Signature

   March 30, 2005                                

 Date 

	
                      

	
RIVERBEND TELECOM, INC.

 By:  /s/ Leon Nowalsky                       

    Signature: Leon Nowalsky, President

   March 30, 2005                                

 Date

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